The projected GDP in 15 years is approximately $108,345.88.
To calculate the projected GDP in 15 years, we need to use the formula for compound interest or exponential growth. The formula is: Future Value = Present Value * (1 + Growth Rate)^Number of Periods In this case, the present value (current GDP) is $50,000, the growth rate is 7% (or 0.07), and the number of periods is 15 years.
Using the formula, the projected GDP in 15 years is:
Future Value = $50,000 * (1 + 0.07)^15
Calculating this, we get:
Future Value = $50,000 * (1.07)^15
Future Value ≈ $108,345.88
Therefore, the projected GDP in 15 years is approximately $108,345.88.
To learn more about GDP , click here : https://brainly.com/question/30504843
#SPJ11
Considering the many "Hats" worn an accomplished account manager, which one of the four below is most relevant to properly calling and preparing for an internal meeting is?
a. Facilitator
b. Entertainer
c. Researcher
d. Teacher
The most relevant "hat" for an accomplished account manager when calling and preparing for an internal meeting is the role of an option a. facilitator.
As a facilitator, the account manager plays a critical role in ensuring effective communication, collaboration, and the smooth flow of the meeting. They are responsible for guiding the discussion, managing the agenda, and keeping the meeting focused and productive. By taking on the role of a facilitator, the account manager can create an environment where ideas can be shared, problems can be solved, and decisions can be made collectively.
They help foster active participation, encourage diverse perspectives, and ensure that all voices are heard during the meeting. Preparing for the internal meeting as a facilitator involves setting clear objectives, identifying the necessary attendees, and organizing the agenda in a logical sequence.
The account manager should also anticipate potential challenges or conflicts that may arise and have strategies in place to address them effectively. While the other roles mentioned (entertainer, researcher, teacher) may have their own importance in certain contexts, they are not as directly relevant to calling and preparing for an internal meeting.
An entertainer, for example, focuses on providing amusement or engaging an audience, which may not align with the primary objectives of an internal meeting. Similarly, a researcher or a teacher's role may be more relevant during the preparation phase for gathering information or training purposes, but may not be central to the actual conduct of the meeting. Therefore, the correct answer is option a.
know more about facilitator here:
https://brainly.com/question/32336019
#SPJ11
What topic should not be discussed in a salon (Cosmetology)
Answer:
What peoples insides look like.
Explanation:
I can list a few more.
but i don't think you want me too
Answer:
Politics, religion, etc.
Explanation:
Anything that someone might become offended or sensitive about shouldn't be talking about in a salon, for it is inappropriate and can cause a loss of customers. If the customer is the one that brings it up, subtly try to change the topic, or politely saying that you as a employee cannot talk about things like that in the salon
is an extra percentage a lender charges you on an amount you borrow from the lender.
Interest is an extra percentage a lender charges you on an amount you borrow from the lender.
Interest is one of the things you will need to consider when making the decision. It is an extra percentage that the lender charges you in addition to the amount you borrow.
Knowing the interest rate on a loan can help you determine how much your loan will cost you in the long run.
The interest rate charged on loans and other forms of credit can have a significant impact on a business’s bottom line. Business owners should be aware of current interest rates and understand how to use them to their advantage.
To learn more about lender, click here:
https://brainly.com/question/3268275
#SPJ4
What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?
Answer:
Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.
Competitive pricing on the other hand will see a company charging the same price as its competitors.
Benefits of using Penetration pricing over Competitive
Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.Risks involved
Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home
Answer:
159 - 68 = 91
Explanation:
the function of the marketing board
Answer:
A marketing board is an organization created by many producers to try to market their product and increase consumption and thus prices. It can also be defined as an organization set up by a government to regulate the buying and selling of a certain commodity within a specified area.
Explanation:
is when producers advertise to wholesalers and retailers about their products
Explanation:
Many producers do not sell products or services directly to consumers and instead use marketing intermediaries to execute an assortment of necessary functions to get the product to the final user. These intermediaries, such as middlemen (wholesalers, retailers, agents, and brokers), distributors, or financial intermediaries, typically enter into longer-term commitments with the producer and make up what is known as the marketing channel
When producers advertise to wholesalers and retailers about their products is Trade advertising.
What is a product?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
Advertising is referred to as a tool for the promotion of goods which helps in informing customers about the launching of a new product or new feature in an existing product and persuading them to buy them.
A wholesaler is referred to as an intermediary of the market which buys in lump sump from manufacturers directly whereas retailers are referred to as a market intermediary that purchases in small quantities and sells to the customer.
Learn more about Wholeseller, here:
https://brainly.com/question/28256108
#SPJ2
in 2022, laa incorporated made a charitable donation of $100,000 to the trevor project (a qualifying charity). for the year, laa reported taxable income of $550,000, which included a $100,000 charitable contribution deduction (before limitation), a $50,000 dividends-received deduction, and a $10,000 net operating loss carryover from 2021. what is laa incorporated's charitable contribution deduction for 2022?
If a $50,000 dividends-received deduction, and a $10,000 net operating loss carryover from 2021. the laa incorporated's charitable contribution deduction for 2022 is $70,000.
How to find the charitable contribution deduction ?First step is to find the taxable income before deduction
Taxable income before deductions = $550,000 + $100,000 + $50,000
Taxable income before deductions = $700,000
Now let find the charitable contribution deduction
Charitable contribution deduction = $700,000 ×10%
Charitable contribution deduction = $70,000
Therefore the charitable contribution deduction is $70,000.
Learn more about charitable contribution deduction here:https://brainly.com/question/21266331
#SPJ1
Which anti-pollution policy does not make use of cost-benefit analysis? A. a law banning all pollution B. issuing pollution permits that can be traded in an open market C. an emissions fee that taxes polluters D. tax breaks for switching to eco-friendly equipment
The anti-pollution policy that does not make use of cost-benefit analysis is a law banning all pollution. A law banning all pollution does not make use of a cost-benefit analysis.
Cost-benefit analysis is a method of evaluating the effectiveness of a proposed policy by comparing its costs and benefits. This is accomplished by assessing both the monetary costs and the non-monetary benefits of a proposed policy. Cost-benefit analysis is an important method for assessing environmental policies that aim to reduce pollution.
Cost-benefit analysis is used to determine the most efficient ways to reduce pollution, taking into account the economic costs and benefits of each policy option. Some environmental policies that make use of cost-benefit analysis include issuing pollution permits that can be traded in an open market and an emissions fee that taxes polluters.
Tax breaks for switching to eco-friendly equipment are a policy that encourages the use of eco-friendly equipment by providing tax breaks to businesses that switch to eco-friendly equipment. The aim of this policy is to encourage businesses to reduce their environmental impact by adopting eco-friendly practices. This policy makes use of cost-benefit analysis as it considers the costs of switching to eco-friendly equipment and the benefits of reducing environmental impact.
Know more about Cost-benefit analysis here:
https://brainly.com/question/17900209
#SPJ11
The goal of recruitment is to obtain a pool of applicants large enough to contain a number of talented prospects. group of answer choices true false
The goal of recruitment is to acquire a pool of candidates massive sufficient to include some talented prospects. True
A purpose is an objective or goal that someone is making an attempt to attain or achieve. The goal is likewise the cease point of a race or something that a participant is trying to put an item into as a part of a game. purpose has other senses as a noun. A goal is an intention or objective that you work toward with attempt and determination.
Lifestyle goals are what we need to obtain, and they may be a lot more meaningful than simply 'what we need to accomplish to live to tell the tale. not like everyday routines or quick-time period targets, they drive our behaviors over the long term.
The definition of a goal is something you aspire to do or wish to do or an aim can refer to scoring a point in certain sporting events. An instance of aim is you decide which you need to get out of debt. An example of aim is whilst you get the p.c. into the opposing crew's net in hockey.
Learn more about goal here: https://brainly.com/question/1512442
#SPJ4
Select the qualification that is best demonstrated in each example.
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Charlene is a Highway Maintenance Worker who stays on task while working by herself.
Floyd is a Repair Worker who lifts heavy objects.
Pedro is a Mechanical Door Repairer who explains a problem to a customer.
Answer:
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Explanation:
The qualification that is best demonstrated out of all the options would be that Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Charlene's ability to stay on task has no direct correlation with being a highway worker.
Floyd's ability to lift heavy objects also has no direct correlation with being a repair worker.
Pedro's ability to explain a problem to a customer has no direct bearing on being a mechanical door repairer.
The only option with direct correlation is a stationary engineer's ability to figure out what is wrong with machinery for heating a building. A stationary engineer is also known as operating or power engineer.
Answer:
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
✔ problem-solving skills
Charlene is a Highway Maintenance Worker who stays on task while working by herself.
✔ independence
Floyd is a Repair Worker who lifts heavy objects.
✔ physical strength
Pedro is a Mechanical Door Repairer who explains a problem to a customer.
✔ communication skills
Explanation:
Hopes this helps you :)
Nathan is analyzing the demand for baseball bats that illuminate when they hit something. The managing director of his company has asked him
to understand the type of need that exists for such a product. What are the two types of needs that Nathan should consider?
Nathan should consider the
B and
needs that would exist for a self-illuminating baseball bat.
Reset
Next
Answer:
Isuzu trooper the intended addressee please notify the best of
You have decided that you want to be a millionaire when you retire in 45 years.
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ The amount of money you have to invest today if you want to be a millionaire when you retire in 45 years, if you can earn an annual return of 11.16 percent is $4,190.25. Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ If you can earn an annual return of 5.58 percent, how much do you have to invest today if you want to be a millionaire when you retire in 45 years? The amount of money you need to invest today is $12,331.65. What is the present value of an annuity? The present value of an annuity is the value of a group of future cash flows at the current time. For example, if an investor can expect to receive a set amount of cash for a certain number of years in the future and would like to know what that amount is worth in the present.
To know more about annual return visit
https://brainly.com/question/30546822
#SPJ11
tools - machinery - and infrastructure are classified under the resource category of
Tools, machinery, and infrastructure fall under the resource category in various industries and sectors. They are essential assets that enable the production, development, and maintenance of goods and services.
Tools, machinery, and infrastructure are vital resources that support economic activities across different sectors. In manufacturing, tools and machinery encompass a wide range of equipment, from hand tools to complex industrial machines, used in production processes. They play a crucial role in enhancing efficiency, precision, and output levels. Infrastructure refers to the physical structures and systems necessary for the functioning of a society, including transportation networks, power grids, communication systems, and buildings.
It provides the framework for economic activities by facilitating the movement of goods, services, and people. Well-developed infrastructure enables businesses to operate smoothly, connect with markets, and reach customers efficiently. Overall, tools, machinery, and infrastructure are key resources that contribute to economic growth, productivity, and development in various industries.
Learn more about category here:
https://brainly.com/question/30772545
#SPJ11
W has a health insurance policy with an 80/20 coinsurance, a $1,000 deductible. If in january w goes into the hospital for an overnight stay, the bill coming to $2,000, what will w pay?
w will pay $1,200
Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to obtain compensation for the risk of loss, damage, or loss that may occur due to unforeseen events. Insurance cannot eliminate the risk of unexpected events, but insurance can reduce the impact of losses arising from these events, both on a small scale and on a large scale. Now insurance has become part of financial planning for some people for long-term purposes.
Elements in Insurance
Premium. Premiums can be defined as obligations paid by the insured party to the insurer (insurance service provider) as a risk transfer service for the insurance policy. Insurance policy. An insurance policy can be defined as a legal document that forms the legal basis for the relationship between the insured (customer) and the insurer (service provider/insurance company).Claim. A claim can be defined as an official request submitted by a customer to an insurance company to make a payment as a form of compensation for damage or loss under the terms of the insurance policy.You can learn more about Insurance here brainly.com/question/989103
#SPJ4
d) Identify and explain two reasons why accurate market research
information should be accurate
Answer:
When businesses are deciding how to develop their products and services, they undertake market research. Market research can either be done by the company itself or taken from elsewhere. Having reliable market research data is essential. Basing decisions on unreliable research can be very costly to a business. For research to be reliable, it must have a high level of validity. This means that the facts and evidence gathered are accurate.
Two reasons why market research should be accurate:
Business Risks: Regular market research will be your way to check in with your current customers and potential customers to ensure that you’re still meeting their needs. If it is accurate business risks are reduced but if inaccurate, it could lead to the crash of your business.
Decision-making: The need for and importance of marketing research frequently comes up when making tough business decisions. Instead of having arbitrary criteria for the decisions you make as a business owner, you can always go back to your market research report. Based on that report, will this decision lead to more customers? Will you be able to reach more people who are likely to buy from you? Will it be clear to them that your business can meet their needs? With an accurate market research, the business can make properly informed decisions but with inaccurate market research, the business will be making unwise decisions
11. (03.04 MC)
In which market structure is it most difficult to become a competitive producer? (1 poir
O Monopoly
Monopolistic competition
O Oligopoly
O Pure competition
Option (a), The most challenging market structure to enter is the monopoly one for producers.
Which market structure is the most challenging to penetrate?A market with a monopoly is the most challenging to enter. These are the legal barriers that are the root of the monopolistic strength that keeps other companies out. To protect itself against competitors for a certain period of time, a company can, for instance, patent its product.
Why is it challenging to enter a market where there is a monopoly?There are frequently substantial obstacles preventing a firm from entering a market. Potential competitors are at a disadvantage since the monopoly has the first-mover advantage and may lower prices to undercut an incoming competitor and prevent them from gaining market share.
Learn more about monopoly: https://brainly.com/question/10441375
#SPJ1
Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership
Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.
Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.
A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.
mercede is watching a commercial for a popular sneaker brand. the ad shows a young girl in her sneakers and then quickly follows her as she gets older clearly showing that she is wearing the same brand of sneaker. the ad ends with the woman getting married, and she flashes her sneakers that she is wearing under her dress. throughout the ad, you hear upbeat and cheerful music. which persuasive appeal was this ad focused on?
This ad primarily focuses on emotional appeal, specifically nostalgia, by showcasing the girl wearing the same brand of sneakers throughout her life, ending with a sentimental moment at her wedding.
The persuasive appeal that this ad is focused on is likely emotional appeal, specifically nostalgia and sentimental value. By showing the young girl growing up and wearing the same brand of sneakers throughout her life, the ad evokes a sense of emotional connection and attachment to the product. The use of cheerful music further enhances the emotional appeal by creating a positive and uplifting atmosphere. The ad aims to tap into the viewer's emotions, making them feel nostalgic and sentimental, and ultimately persuading them to associate positive emotions with the brand and consider purchasing the sneakers.
So, This ad primarily focuses on emotional appeal, specifically nostalgia, by showcasing the girl wearing the same brand of sneakers throughout her life, ending with a sentimental moment at her wedding.
To learn more about brand click here brainly.com/question/33124601
#SPJ11
what are two main reasons why the program predictability measure is important
Communicates and highlight each team's contribution to business value. Facilitates a common language between business and technology stakeholders. Creates the near-term vision, which teams should follow up to succeed.
The ideas that direct your firm are known as business values. Making decisions, fostering a culture of teamwork and collaboration, and creating a good workplace are all made possible by business values.
Business value is a colloquial term used in management that refers to all types of value that affect the long-term health and prosperity of the company.
"Customer Satisfaction" is an illustration of a business value. One further illustration of a value is "Being Ethical and Truthful." Whether they are consciously aware of them or not, every firm has one or more core beliefs.
Learn more about the Business Values here:
https://brainly.com/question/32766308?
#SPJ12
what are 2 things that could happen to disrupt customer loyalty life cycle???
Answer: salespeople and customers are essential for the success of business-to-business relationships, and research has shown that a change of the salesperson can severely harm financial performance.
Explanation: However, such interpersonal relationship disruptions may also have positive effects by encouraging vitalizing re explorations of the relationship.
Early in 2021, Brandon Transport discovered that a five-year insurance premium payment of $250,000 at the beginning of 2018 was debited to insurance expense. The correcting entry would include: Multiple Choice a. A debit to insurance expense of $100,000. b. A debit to prepaid insurance of $150,000. c. A credit to retained earnings of $100,000 d. A debit to prepaid Insurance of $250,000. PL
The correcting entry for this situation would be option d) a debit to prepaid insurance of $250,000.
This is because the original entry was incorrect as it debited the insurance expense account instead of the prepaid insurance account. As a result, the insurance expense account was overstated by $250,000 and the prepaid insurance account was understated by the same amount.
To correct this error, the prepaid insurance account needs to be debited by $250,000 to increase its balance to the correct amount. This will be offset by a credit to the insurance expense account, reducing its balance by the same amount. The entry will also need to be dated as of the beginning of 2018 when the original transaction occurred.
It is important to correct this error as it will impact the company's financial statements. Overstating the insurance expense account will lead to a lower net income and a lower retained earnings balance. By correcting this error, the financial statements will reflect the correct amounts and provide accurate information for decision-making purposes.
Option d is correct.
For more such questions on debit visit:
https://brainly.com/question/28390335
#SPJ11
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
prepare a forecast for months 6 through 10 by using three- and five-month moving averages. what is the forecast for month 11?
The forecast for month 11 (November) using a 3-month moving average and 5-month moving average is 28.3 and 29 respectively.
Forecasting for the months from 6 (June) to 10 (October) using three and five-month moving averages is as calculated below:
3-month moving average = (Sum of demand of last three months) / 3
5- month moving average = (Sum of demand of last five months) / 5
Forecast for month 11 (November) using 3-month moving average = 28.3
Forecast for month 11 (November) using 5-month moving average = 29
Mean absolute deviation (MAD) is calculated as;
MAD = Absolute sum of errors in the forecasting method / Number of months
The mean absolute deviation of the two forecasting methods, i.e., 3-month and 5-month moving averages are as
Sum of errors in forecasting method-1 (3-months moving average) = 22.8
MAD = 22.8 / 5 = 4.56
Sum of errors in forecasting method-2 (5-months moving average) = 20.6
MAD = 20.6 / 5 = 4.12
Since, the mean absolute deviation of the second forecasting method, that is, the 5-month moving average is less than the mean absolute deviation of the first forecasting method, that is, the 3-month moving average, Gray should use the 5-months moving average forecasting method to forecast demand for the d-2 console. The demand forecasted using a 5-month moving average demand will be more accurate and it will ensure that Gray has sufficient quantities of the d-2 console on hand when needed.
To learn more about statistics and weather forecasting,
https://brainly.com/question/8724387
#SPJ4
A regional sales manager position has opened up in your company, and the National Sales Director calls you to encourage you to apply for the position. The position would require significant international travel. Since you've recently adopted a child, the idea of international travel isn't appealing. According to _____ theory, you will not be motivated by the National Sales Director's suggestion.
Answer: test
Explanation:
In accordance with Maslow's theory, i will not be motivated by the National Sales Director's suggestion.
The Maslow theory is a psychological theory which explains the 5 needs that must be possess by individual's for proper motivation.
This hierarchy of needs is very to organizational theory because they helps to understand and induce human motivation.
Since the new position will not help me to fulfill my imminent need of taking proper care of my adopted child, then, the position will not be considered by me.
Therefore, in conclusion, the Option A is correct because i will not be motivated by the National Sales Director's suggestion according to Maslow's theory,
The missing options includes "a. the two-factor b. Maslow's c. equity d. Hawthorne's e. expectancy."
Read more about this here
brainly.com/question/9024645
James Company is considering buying a new machine costing $30,000. James estimates that the machine will save $6,900 per year in cash operating expenses for the next six years. If the machine has no salvage value at the end of six years and the discount rate used by James is 8%, then the machine's internal rate of return is closest to:
A) 8%
B) 10%
C) 12%
D) 14%
The correct answer is option (c). The machine's internal rate of return is closest to 12%.
The machine's internal rate of return (IRR) is a measure used to evaluate the profitability of an investment. To calculate the internal rate of return, we need to find the discount rate at which the net present value (NPV) of the investment is zero. In other words, we need to find the rate at which the present value of the expected cash flows from the machine equals its initial cost.
Using the given information, we can calculate the NPV of the investment as follows:
NPV = -Initial Cost + Present Value of Cash Flows
= -$30,000 + ($6,900 / (1 + r)^1) + ($6,900 / (1 + r)^2) + ... + ($6,900 / (1 + r)^6)
We need to find the discount rate (r) at which the NPV equals zero. By trial and error or using financial software, the closest approximation to an IRR of 12% provides an NPV closest to zero. Therefore, the machine's internal rate of return is closest to option C) 12%.
Learn more about investment here:
https://brainly.com/question/15105766
#SPJ11
The power to create an agency to collect taxes is an:
1)expressed power of the national government.
2)enumerated power of the states.
3)implied power of the national government.
4)inherent power of the states.
Answer:
1)expressed power of the national government.
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
Visit
https://brainly.com/question/989103
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.
An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;
360-degree360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.
We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.
Summarily, the 360-degree performance appraisal was used for Veasna.
Learn more here:
https://brainly.com/question/15710584