Accountants focus on creating financial statements, whereas finance professionals mostly use these statements to evaluate a firm and answer questions about its performance. Indicate which of the following financial statement would be the most helpful.
a. How much cash is a firm generating through operating, investing, and financing activities?
b. How much debt and equity has the firm issued to finance its assets?
If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. Overstate its earnings
b. Understate its earnings
Answers
Answer:
1. The financial statement that would be the most helpful for a finance professional to evaluate how a firm's performance is:
a. How much cash is a firm generating through operating, investing, and financing activities?
2. If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. Overstate its earnings
Explanation:
This financial statement is provided by the Statement of Cash Flows. The statement provides the performance report about a company's liquidity and long-term solvency. The information about how much debt and equity the firm has issued to finance its assets will be obtained from the statement of financial position (known as the balance sheet). This statement does not show the performance of a firm, but its financial position as of a given date.
Related Questions
Initiative means letting your boss define your tasks.
Answers
Answer:
False
Explanation:
1. the ability to assess and initiate things independently.
2. the power or opportunity to act or take charge before others do
Answer:
F
Explanation:
You have a combination lock with 3 secret digits. Find the 3 correct digits using the following clues and enter your answer below.
Answers
A combination in mathematics is a choice made from a group of separate elements where the order of the selection is irrelevant (unlike permutations). Hence the correct Lock is 917 .
What is Combination ?Three fruits, such as an apple, an orange, and a pear, for instance, can be combined into three different pairs: an apple and a pear, an apple and an orange, or a pear and an orange. A k-combination of a set S is officially defined as a subset of S's k unique elements. So, if and only if each combination contains the same elements, two combinations are said to be identical.
(It is not important how each set's members are arranged.) The quantity of k-combinations, represented as "displaystyle," if the collection has n elementsC {k}^{n}} The binomial coefficient, C kn, is equivalent.
A combination is made up of n distinct elements that are combined k at a time. The names k-selection, k-multiset,or k-combination with repetition are frequently used to describe combinations where repetition is permitted.
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The null and alternate hypotheses are:
H0 : μ1 = μ2
H1 : μ1 ≠ μ2
A random sample of 11 observations from one population revealed a sample mean of 23 and a sample standard deviation of 1.1. A random sample of 4 observations from another population revealed a sample mean of 24 and a sample standard deviation of 1.3.
At the 0.05 significance level, is there a difference between the population means?
a. State the decision rule. (Negative amounts should be indicated by a minus sign. Round your answer to 3 decimal places.)
b. Compute the pooled estimate of the population variance. (Round your answer to 3 decimal places.)
c. Compute the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
d. State your decision about the null hypothesis.
multiple choice 1
Do not reject H0
Reject H0
e. The p-value is
multiple choice 2
between 0.1 and 0.2.
less than 0.001.
between 0.02 and 0.05.
between 0.001 and 0.01.
between 0.05 and 0.1.
Answers
a. The decision would be to reject null if p value < α
b. pooled estimate is = 1.320769
c. test statistic is -1.490
d. Do not reject H0
e. p value is 0.16
The hypothesis formulationThe decision rule is if to ≤ tc or if p value < α then we are to reject the null hypothesis.
b. the pooled estimate of the datathe level of significance = 0.05
degrees of freedom = n1 + n2 - 2
= 13
pooled estimate of variance
\(S^{2} _{p} =\frac{(n1-1)S^{2} _{1}+(n2-1)S^{2} _{2}}{(n1-1)(n2-1)}\)
= 1.320769
We have to solve for the test statistic
\(\frac{23 - 24}{1.320769/11+1.320769/4}\)
= -1.490
we have to use excel to find the pvalue
= p(t) > 1.490 = 2 x t dist (-1.49, 13, 1)
= 0.16
critical value = 2.160
the p value is greater than the alpha value, hence we would have to fail to reject the null hypothesis that we have from the calculation. There is insufficient data to supply this claim.
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Which of the following indicates a website is NOT secure?
Answers
Answer:
a) a lock icon is not displayed in the address bar
(d) the url of the website begins with http
Explanation:
The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.
Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.
The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.
There are many methods of checking that a website is secure is not correct by the use of various software tools like domain blocker, website checker etc.Hence the option D is correct that is the URL of the website begins with HTTP.
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FILL IN THE BLANK. a decrease in the non-price restrictions on borrowers means that borrowers will find it overall to __ borrow funds.
Answers
The correct option is D. Financial markets foster economic growth by facilitating the transfer of funds from savers to borrowers.
financial Markets consist of any region or gadget that offers shoppers and sellers the manner to exchange monetary instruments, which include bonds, equities, diverse global currencies, and derivatives. monetary markets facilitate the interaction between individuals who need capital with the ones who have the capital to make investments.
An economic market is a marketplace in which humans alternate economic securities and derivatives at low transaction prices. a number of the securities consist of shares and bonds, raw substances, and valuable metals, which might be acknowledged within the monetary markets as commodities. financial markets refer extensively to any market in which the trading of securities occurs. there are numerous kinds of economic markets, consisting of (however now not restrained to) forex, cash, stock, and bond markets.
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Complete Question:
Fill in the blanks. Financial markets foster economic growth by facilitating the transfer of funds from ______ to ______.
a. the poor; the rich
b. the government; the poor
c. the rich; the poor
d. savers; borrowers
Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical count reveals that only $90,450 of inventory exists. The adjusting entry to record this $1,370 of inventory shrinkage is: Multiple Choice
Answers
Answer:
Cost of goods sold $1,370
Merchandise Inventory $1,370
Explanation:
The cost of goods sold will be debited and merchandise inventory will be credited for the amount of $1,370 ($91,820 - $90,450). Shrinkage expenses is included in the cost of goods sold account.
Journal entry
Journal Entry Debit Credit
Cost of goods sold $1,370
Merchandise Inventory $1,370
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3
"It is necessary that competition exist if the whole economy
is to remain dynamic. When competition ceases to exist,
there will be no pressure to pass the benefits to the
consumer, nor will there be any reason to introduce new and
risky techniques."
The Federal Government has attempted to follow this advice
primarily by?
Answers
Answer:
The federal government supports competition by monitoring proper business practices and preventing monopolies that destroy competiton. This can be seen in US history when the government broke the monopoly from the standard oil comany. They dominated the market to a point where competition was impossible. As a result, the US government broke Standard Oild into smaller companies.
Explanation:
This a good answer i think.
Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2023, trial balance. Wilm's Window Washing Services Trial Balance January 31, 2023 Cash Accounts receivable Prepaid insurance Equipment Accounts payable Wilm Schmidt, capital Wilm Schmidt, withdrawals Service revenues Salaries expense Insurance expense Maintenance expense Utilities expense Total Debit $ 11,700 9,340 2,500 25,000 Required: Prepare a corrected trial balance. 9,060 Credit $ 6,000 46,000 WILM'S WINDOW WASHING SERVICES Trial Balance 60,500 32,100 5,300 13,100 5,300 $113,400 $112,500 The following errors were discovered: a. Schmidt did not post a $4,100 purchase of equipment on credit. b. In posting a $1,450 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,670 but incorrectly credited Accounts Receivable for $7,270. d. In posting a $5,500 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $3,700 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.
Answers
Note that the corrected Trial Balance for Window Washing Services is attached accordingly.
What is Trial Balance and why is it important?Trial balance is a list of all the accounts in the general ledger with their respective debit or credit balances.
It is used to ensure that the total debits equal the total credits, indicating that the accounting records are in balance. The purpose of a trial balance is to detect errors that have been made in the double-entry bookkeeping system.
It is important because it ensures the accuracy of the accounting records and provides a foundation for the preparation of financial statements.
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What is the "rate of return" on an
investment?
A. It is the amount of money you make from your
investment.
B. It is the interest based on the principal.
C. It is the interest based on the principal plus the
interest.
D. It is the initial investment you make.
Answers
Answer:
I think its the amount of money you make from your investment
Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
Answers
The above paragraph refers to the proprietorship form of business organization.Proprietorship is the most simple and common form of business organization. Proprietorship is owned, managed, and controlled by an individual who is the sole proprietor of the business.
A sole proprietorship is the easiest and most common type of business to form and dissolve. A sole proprietorship is owned and managed by one person, referred to as the sole proprietor.
Because the proprietorship form of organization is simple to establish, run, and manage, it is a popular choice for small and medium-sized firms.
The business owner has complete authority over the company's operations, as well as all profits and losses. The proprietor has total authority over the company and can make any changes they see fit. There is no distinction between personal and business assets in a proprietorship.
The proprietorship form of business organization has its own set of advantages and disadvantages. Proprietorship is best for small businesses because it is simple to set up, and there is no separate legal entity created.
However, one of the disadvantages of proprietorship is the unlimited liability of the proprietor for the business debts. Nupur Nagpal, after finishing her M.B.A., began to help her father, Shri Bhushan Nagpal, in his business, which was running successfully with limited capital investment.
However, when Nupur tried to incorporate modern business techniques that she learned during her M.B.A., the workers began to protest, which led to a decline in the business's goodwill.
The business's liabilities became many times more than its assets, and Mr. Nagpal died of heart failure due to the pressure exerted on him by the creditors. The business ultimately failed, and it was closed down.
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Give an example to each of the three categories of influence on customers
Answers
Answ er:
Explanat ion:
explain the utility of statistics as a manegerial tool
Answers
Answer:
"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".
Explanation:
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _________________ of investing in physical capital.
Answers
Answer:
opportunity cost
Explanation:
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.
What elements should an ideal CRR plan include?
Answers
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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Condensed financial data of Swifty Company for 2020 and 2019 are presented below. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,770 $1,170 Receivables 1,780 1,300 Inventory 1,570 1,880 Plant assets 1,870 1,710 Accumulated depreciation (1,210 ) (1,190 ) Long-term investments (held-to-maturity) 1,290 1,430 $7,070 $6,300 Accounts payable $1,200 $900 Accrued liabilities 200 250 Bonds payable 1,430 1,580 Common stock 1,860 1,730 Retained earnings 2,380 1,840 $7,070 $6,300 SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,820 Cost of goods sold 4,640 Gross margin 2,180 Selling and administrative expenses 910 Income from operations 1,270 Other revenues and gains Gain on sale of investments 80 Income before tax 1,350 Income tax expense 550 Net income 800 Cash dividends 260 Income retained in business $540 Additional information: During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method.
Answers
Answer:
Swifty Company
Explanation:
a) Data and Calculations:
SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019
Cash $1,770 $1,170
Receivables 1,780 1,300
Inventory 1,570 1,880
Plant assets 1,870 1,710
Accumulated depreciation (1,210 ) (1,190 )
Long-term investments
(held-to-maturity) 1,290 1,430
Total assets $7,070 $6,300
Accounts payable $1,200 $900
Accrued liabilities 200 250
Bonds payable 1,430 1,580
Common stock 1,860 1,730
Retained earnings 2,380 1,840
Total liabilities and equity $7,070 $6,300
SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,820
Cost of goods sold 4,640
Gross margin 2,180
Selling and administrative expenses 910
Income from operations 1,270
Other revenues and gains
Gain on sale of investments 80
Income before tax 1,350
Income tax expense 550
Net income 800
Cash dividends 260
Income retained in business $540
Additional Information:
a) Issue of Common stock for plant assets = $80
Adjustments for cash transactions:
Receipts:
Customers = $1,300 + $6,820 - $1,780 = $6,340
Sale of investment = $1,430 - $1,290 = $140
Common stock = $1,860 - $1,730 - $80 = $50
Payments:
Suppliers = $900 + $4,330 - $1,200 = $4,030
Expenses = $250 + $910 - $200 = $960
Bonds = $1,580 - $1,430 = $150
Plant = $1,870 - $80 - $1,710 = $80
Purchases = $1,570 + 4,640 - $1,880 = $4,330
Statement of Cash Flows for the year ended December 31, 2020:
Cash flows from operating activities:
Receipt from customers $6,340
Payment to suppliers (4,030)
Payment for services (960)
Income tax expense (550)
Net cash from operating activities 800
Cash flows from investing activities:
Receipt from sale of investments $140
Purchase of plant assets (80)
Net cash from investing activities 60
Cash flows from financing activities:
Issue of Common stock $50
Payment to bondholders (150)
Payment to stockholders (260)
Net cash from financing activities (360)
Net cash flows $500
What is the primary purpose of a rating service company such as A.M Best?
Answers
Answer:
the primary purpose of a rating service company, such as AM Best is To determine financial strength of an insurance company. Protect consumers with guidelines regarding credit reporting and distribution..
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Project: Privacy Issues
Assignment Directions:
Go to www.cdt.org and find its privacy policy. Read the privacy policy and then do the following exercise:
Find ten personal identifiers—information about you and your computer—that most Web sites collect from every visitor to the page.
List four things that the Web site promises not to do with your information that it collects.
Answers
4 things the website will not do is...
See your information
Sell your information
Change your information
Use your information against you if ever taken to civil court
omeowner's Insurance Premium
Home Owner's Policy Comparison Deductible
Policy 1 $1,600
Policy 2 $2,000
Which statement below correctly compares the premium prices for these insurance policies?
A. Policy 2 will have a higher premium because it has a lower
deductible than Policy 1.
B. Policy 1 will have a higher premium because it has a lower
deductible than Policy 2.
C. Policy 2 will have a higher premium because it has a higher
deductible than Policy 1.
D. Policy 1 will have a lower premium because it has a lower
deductible than Policy 2.
Answers
The correct statement that compares the premium prices for these insurance policies is:
B. Policy 1 will have a higher premium because it has a lower deductible than Policy 2.
In the context of insurance policies, the deductible is the amount the policyholder must pay out of pocket before the insurance coverage kicks in.
A lower deductible means the insurance company will have to cover a larger portion of the claim, which typically leads to a higher premium.
Policy 1 has a lower deductible of $1,600 compared to Policy 2's deductible of $2,000.
Therefore, Policy 1 will likely have a higher premium because the insurance company would bear a greater portion of the claim costs.
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Indicate whether a debit or credit decreases the normal balance of each of the following accounts.
a. Land
b. Service revenue
c. Interest payable
d. Accounts receivable
e. Salaries expenses
f. Common stock
g. Prepaid insurance
h. Building
i. Interest revenue
j. Dividends
k. Unearned Revenue
l. Accounts payable
Answers
Answer:
Explanation:
A. Credit
b. Debit
c. Debit
d credit
e credit
f. Debit
g. Credit
h. Credit
i. Debit
j. Credit
k. Debit
l. Debit
What is an asset?
A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be beneficial is referred to as an asset. They are acquired or produced in order to raise a company's value or improve the operations of the company. It can be tangible or intangible.
What is a liability?A liability is a debt that a firm owes that will cause it to forfeit future financial gains from dealing with other people or companies. A liability may be used in place of equity as a means of funding a business. Additionally, some liabilities are necessary for day-to-day corporate operations, such as trade payables or tax payments.
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Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
Answers
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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All terms of contracts, even "fine-print" terms of standard form contracts, are part of the parties' deal and binding on them, because parties have an obligation to read their contracts and are assumed to have done so.
T/F
Answers
The statement is generally true. When parties enter into a contract, they are presumed to have read and understood the terms of the contract, including any fine print or standard form language. This is known as the principle of "caveat emptor," which means "let the buyer beware."
Courts generally assume that the parties to a contract have entered into the agreement voluntarily and with a full understanding of its terms. As such, parties are typically bound by all of the terms of the contract, even if they did not fully read or understand them. However, there are some exceptions to this principle. For example, if one party engages in fraud or misrepresentation, or if the contract terms are unconscionable or illegal, a court may refuse to enforce the contract or certain provisions of it. Nonetheless, parties should take care to read and understand the terms of any contract before signing it to avoid any misunderstandings or legal issues down the line.
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How does the way that a search engine gets and organizes information help you understand why Googling alone is not enough?
Answers
Answer:
The search engine works through three primary functions,
Crawling, Indexing and Ranking
Explanation:
Crawling is the process in which the server works as a spiders and finds out information relevant for the user. Indexing is the way to store the web page. Ranking is the priority through which websites are displayed. The most matched text with the URLs are displayed first. The content in the website is matched with the relevance and then displayed to the user.
Which tool is being currently used to provide ITPA solutions via CIAP?
Answers
There are different new upgrade in IT. tool is being currently used to provide ITPA solutions via CIAP is Ayehu NG
Ayehu NG is simply known to be a No-code IT Automation and Orchestration platform created especially for IT Operations. It is run by by machine learning algorithms,It acts as a force multiplier, pushes efficiency via a simple and powerful automation platform. It can be used in on-premises and private and public cloud platforms.
As an intelligent IT Automation and Orchestration platform made for the Digital Era, it has web 3.0 automation platform for IT and security operations.
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In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answers
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
cho vay thương mại và cho vay tài chính khác nhau ở chổ nào?
Answers
The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?
Answers
Answer:
$344,000
Explanation:
Assets, liabilities, and equity combine to form the accounting equation. their relationship in the accounting equation is as follows,
Assets = Equity + Liabilities
In this case,
Asset =??
Liabilities=$117,000
Equity =$227,000
Therefore,
Assets = $117,000 + $227,000
Assets = $344,000
You are considering opening a new plant.
• The plant will cost $100 million upfront. After that, it is expected to
produce profits of $30 million at the end of every year. The cash
flows are expected to last forever.
1. Calculate the NPV of this investment opportunity if your cost of
capital is 8%. Should you make the investment?
2. Calculate the IRR and use it to determine the maximum deviation
allowable in the cost of capital estimate to leave the decision
unchanged.
Answers
Answer:
1. $275 million
Yes
2. 30%
Explanation:
Calculation for the NPV of the investment opportunity
NPV = –100 + 30/0.08
NPV= $275 million
Therefore the NPV will be $275 million
Yes, Based on the above Calculation they should make the investment
2. Calculation for IRR
IRR: 0 = –100 + 30/IRR
Hence,
IRR = 30/100
IRR = 30%
Therefore the IRR will be 30%
The IRR is great only in a situation where the cost of capital does not go beyond 30%.
The NPV of the investment is . The investment should be made because it is profitable.
The IRR is 30%. The maximum deviation allowable in the cost of capital estimate to leave the decision unchanged is 30%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV = -100 + $30 / 0.08 = $275 million.
The NPV is positive. This means the project is profitable.
What is the IRR?Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
IRR = -100 + 30 /1RR
100 = 30 / 1RR
IRR = 30 / 100 = 30%
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To increase tax revenue, the U.S. government imposed a 2-cent tax on checks written on bank account deposits in 1932 (in today's dollars, about 34 cents per check). Complete the following statements on the impact of this tax on the money multiplier and the money supply.
a. The tax on written checks would make people ___________ likely to write checks. Thus, people might start holding more money as__________ . This would____________ the currency-deposit ratio.
b. Under this check tax, the money supply would have:
1. decreased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.
2. increased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.
3. decreased, because the currency-deposit ratio increased, which in turn increases the money multiplier.
4. not changed, because the check tax would not impact the money supply or the money multiplier.
5. increased, because the currency-deposit ratio increased, which in turn increases the money multiplier.
c. Many economists believe that the sharp decline in the__________ in the early 1930s was at least partially responsible for the severity of the Great Depression.
Answers
Answer:
a. The tax on written checks would make people LESS likely to write checks. Thus, people might start holding more money as CASH. This would INCREASE the currency-deposit ratio.
b. Under this check tax, the money supply would have:
1. decreased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.Banks' ability to create money through fractional lending depends on people depositing money on banks and not holding cash themselves. The less cahs held by the public, the more money deposited in banks, the larger the money multiplier.
Could you help me answer this please Im struggling here
Answers
You manage a small women’s clothing store and need to hire an assistant manager. How would you recruit and select the most effective candidate?
Answers
Recruiting and selecting an assistant manager for a small women's clothing store requires a thoughtful and strategic approach.
Here are some steps that can be taken to attract and hire the most effective candidate:
Define the job role: Clearly define the job role and responsibilities of the assistant manager. This will help in identifying the required skills, qualifications, and experience necessary for the role.
Create a job description: Based on the defined job role, create a comprehensive job description that highlights the job responsibilities, required skills, qualifications, and experience. The job description should also outline the compensation package, work schedule, and other benefits.
Advertise the job opening: Advertise the job opening in relevant channels such as online job portals, local newspapers, industry-specific publications, and social media. You may also consider reaching out to your network and asking for referrals.
Screen resumes: Review resumes and cover letters to shortlist candidates who meet the minimum requirements for the role.
Conduct initial interviews: Conduct initial interviews to further screen the candidates and assess their communication skills, experience, and qualifications. Use behavioral interview questions to understand their past performance and behavior in similar roles.
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