Knowledge Check: Chapters 9 & 10 Quiz (20-Points) Chapter 9 1) identifies 'how' the company will earn income (from sales of goods & services) and generate profits. COGS (cost of goods sold) Operating Profit Revenue Model Breakeven Analysis Question 2 2 pts 2) is the direct costs of producing a product/service such as materials, manufacturing, shipping, inventory and sales commissions. Revenue Model Operating Expenses COGS (cost of goods sold) Breakeven Analysis 3) is the process of raising funds for a new business venture from an audience, 'the crowd', typically through Internet platforms such as Kickstarter and Indiegogo. Bootstrapping Crowdfunding Crowdsourcing Sweat Equity Question 4 2 pts 4) is is the process of using Internet platforms such as iStockphoto, upwork and dribble to simplify, aggregate and/or manage tasks with skilled, enthusiastic people (outside of the company). Crowdsourcing Bootstrapping Crowdfunding Sweat Equity 5) For early-stage startups, entrepreneurs typically seek financial assistance from friends. fools. all of these people. family.
Answers
Chapter 9: Revenue Model: This identifies how the company will earn income and generate profits through the sales of goods and services.
COGS (Cost of Goods Sold): This represents the direct costs associated with producing a product or service, including materials, manufacturing, shipping, inventory, and sales commissions.
Crowdfunding: This is the process of raising funds for a new business venture from an audience, commonly referred to as "the crowd," typically through Internet platforms like Kickstarter and Indiegogo.
Crowdsourcing: This involves using Internet platforms such as iStockphoto, Upwork, and Dribbble to simplify, aggregate, and manage tasks with skilled individuals outside of the company.
Family, Friends, and Fools: For early-stage startups, entrepreneurs often seek financial assistance from these sources, including family members, friends, and individuals who may be less risk-averse.
It's important to note that the information provided does not specify a correct or incorrect answer for each question. However, based on the descriptions provided, the options that align with the given definitions are as follows:
Revenue Model
COGS (Cost of Goods Sold)
Crowdfunding
Crowdsourcing
All of these people (referring to family, friends, and fools)
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QUESTION 4 Risk Management: The following phrase defines/explains Tier 1: • Tier 1 addresses the risk of an organization from the view of establishing and implementing a Governance structure that are inline with the strategic goals and objectives of organizations and the requirements defined by federal laws, directives, policies, regulations, standards, and missions/business functions. It also defines the following: o Structure • Establish the risk management strategy • Governance True O False
Answers
True By doing so, Tier 1 ensures that risk management is embedded in the organization's decision-making processes and aligns with its strategic direction.
The statement is true. Tier 1 in risk management refers to the level that focuses on establishing and implementing a governance structure aligned with the strategic goals and objectives of the organization. It involves ensuring compliance with federal laws, directives, policies, regulations, standards, and missions/business functions. Tier 1 is responsible for defining the risk management strategy and governance framework within the organization. This includes setting up the necessary structures and processes to effectively manage risks and ensure that risk management practices are integrated into the overall governance framework
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There are 10,000 shares of $20 par value cumulative 7 percent preferred stock outstanding, and 90,000 shares of common stock outstanding. Last year, the preferred stock did not receive its dividend because of a loss. This year, dividends of $50,000 are distributed to shareholders.
Answers
Answer:
Since the preferred dividends are cumulative, any dividends not paid last year will be paid this year before any common dividends are paid.
Preferred dividends = 10,000 x $20 x 7% x 2 = $28,000
Dividends per preferred stock = $28,000 / 10,000 = $2.80
Common stocks dividends = $50,000 - $28,000 = $22,000
Dividends per common stock = $22,000 / 90,000 = $0.24
The value of the preferred dividends will be $28000 and the dividends will be $2.80.
From the information given, it should be noted that the preferred dividends will be calculated thus:
= 10000 × 20% × 7% × 2
= 10000 × 0.2 × 0.07 × 2
= $28000
Dividend per preferred stock will be:
= $28000/10000
= $2.80
The common stocks dividend will be:
= $50000 - $28000 = $22000
The dividend per common stock will be:
= $22000/90000 = $0.24.
Preferred stock is 2.80 and common stock is 0.24.
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You have inherited $10,000 from your wonderful Aunt Bessie. You
decide to spend 3,182 on a vacation. The rest you will invest in a
Roth IRA. You expect it to earn 6.3% over the next 45 years. How
much
Answers
The total amount of money that would be in the Roth IRA account would be $116,523.34 in 45 years.
A Roth IRA (Individual Retirement Account) is a tax-advantaged account that enables you to save money for retirement. The income you earn in a Roth IRA is tax-free, and withdrawals are also tax-free once you reach age 59 1/2 and have had the account for five years.
A Roth IRA is an excellent method to save for retirement, and it's particularly useful for younger people, as it has a long-term benefit due to compound interest.You decide to spend $3,182 on a vacation and invest the remainder in a Roth IRA.
Therefore, the amount you are investing in the Roth IRA will be:
$10,000 - $3,182
= $6,818
Now we need to calculate how much money will be earned in 45 years with a 6.3% annual interest rate.
Using the formula for compound interest:
Final amount = Initial amount x (1 + annual interest rate) ^ number of years
Final amount = $6,818 x (1 + 0.063) ^ 45
Final amount = $116,523.34
Therefore, the total amount of money that would be in the Roth IRA account would be $116,523.34 in 45 years.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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Which of the following falls outside of the classification of business expenditures that fall into the category of variable costs?
a) costs that increase with the quantity produced
b) costs of research and development
c) costs related to labor expenditures
d) costs related to physical inputs
Answers
The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.
What is a costs of research and development?These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.
Therefore, the correct answer is as given above.
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Suppose there is an increased willingness by corporations to borrow. This causes,
Answers
an increased willingness by corporations to borrow can lead to higher demand for loans, expansion of corporate activities, a potential increase in inflation, and a possible response from the central bank to maintain economic stability.
Here is a concise step-by-step explanation that includes the terms you requested:
Step 1: Increased willingness to borrow
Corporations decide to take advantage of lower interest rates or favorable economic conditions, leading to an increased demand for loans.
Step 2: Higher demand for loans
With a higher demand for loans, financial institutions such as banks may respond by increasing interest rates to balance the supply and demand of funds.
Step 3: Expansion of corporate activities
With the increased borrowing, corporations may invest in projects, expand their operations, hire more employees, or increase their marketing efforts. This could lead to economic growth.
Step 4: Potential increase in inflation
As corporations expand their operations and invest more, there may be an increase in the overall demand for goods and services in the economy. This increased demand could result in higher prices and a rise in inflation.
Step 5: Central bank's response
If inflation rises too quickly, the central bank may respond by tightening monetary policy, such as increasing the interest rate or reducing the money supply. This is done to keep inflation within target levels and maintain economic stability.
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based on this income statement for company e for the year ending december 31, 2014, what adjustment would need to be made to net income to account for depreciation and amortization in calculating cash flow from operating activities using the indirect method?
Answers
An increase of $10,000 would need to be made to net income to account for depreciation and amortization in calculating cash flow from operating activities using the indirect method.
As a result of the $10,000 increase in depreciation expense reported throughout the year, net income has been adjusted up by $10,000. We take away the effect of this non-cash transaction by adding this sum back to Net Income.
Net income is the amount that remains in your account after taxes and other withholdings have been deducted from your paycheck. Net income is the amount of money left over after operating costs, administrative expenses, cost of products sold, taxes, insurance, and any other business charges have been paid.
Total Revenues-Total Expenses=Net Income.
Both positive and negative net income is possible. You have a positive net income when your business's revenues exceed its outlays. Your net worth is negative if your total expenses exceed your revenues.
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push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
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Push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
How important motivation is?Any workplace considers employee motivation to be essential because it results in better departmental and even corporate performance. In contrast to the other employees who are disengaged and have low motivation, only 13% of employees remain engaged and motivated at work.
Employee motivation is a key element in increasing worker productivity because motivated employees are more likely to perform their jobs to the best of their abilities with minimal effort, time, and resource waste.
Such motivation fills the gap between the ability to work and the desire to work by utilizing resources to their fullest and best potential.
An employee is motivated, more effective, and productive at work when they are willing to put in the effort.
Thus, push is all that an employee needs to perform well.
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Question: is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
15 points In a paragraph of 125 words, explain the importance of market research, being sure to include the four basic steps and the two ways to gather information.
Answers
Answer: Marketing research can give a business a picture of what kinds of new products and services may bring a profit. For products and services already available, marketing research can tell companies whether they are meeting their customers' needs. By researching the answers to specific questions, small-business owners can learn whether they need to change their package design or tweak their delivery methods--and even whether they should consider offering additional services.
Collecting primary research can include:
Interviews (either by telephone or face-to-face)
Surveys (online or by mail)
Questionnaires (online or by mail)
Focus groups gathering a sampling of potential clients or customers and getting their direct feedback
Two ways to gather this information would be asking questions and gathering data from trusted sites or books.
Explanation:
Market research is crucial for businesses to make informed decisions, create products and services that meet the needs of their customers, and stay ahead of the competition. It helps to reduce business risk, improve marketing strategies, and stay up-to-date with the latest market trends.
What is the scope of marketing research?The areas or components that are examined within marketing research are referred to as their scope. To put it another way, it suggests the domains or contexts in which marketing research can be used. Marketing research actually has an impact on practically every aspect of marketing management.
Market research is the process of gathering and analyzing information about the target market for a product or service. It is a crucial step in the business decision-making process as it helps companies to understand the needs, preferences, and behavior of their target audience.
Market research helps companies identify the needs and preferences of their target audience. This helps companies to create products and services that meet the needs of their customers, leading to increased sales and customer satisfaction.
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What does the business entity principle primarily prevent?
Answers
Answer:
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.
Answer:
The business entity principle states that the business and its owner are two separate entities in the eyes of the law. Therefore, their respective investments, withdrawals, income, expenses, profits, and losses should also go into separate accounts. The business accounts should never include the owner’s personal transactions because this might lead to ambiguous accounting information. Thus, the business entity principle primarily prevents a distorted view of the financial condition of the business. It helps in getting a clear understanding of how well the business is actually doing.
Explanation:
sample response given when you check your work
Which of the following is usually true
about the demand of consumers who
make more money?
A. They demand less of lower quality products.
B. They demand more of lower quality products.
C. They demand the same amount of lower quality
products.
Answers
Answer:
A
Explanation:
Under what conditions should a sponsor approve a project change, and when is it okay for the project manager to authorize a change? a. Sponsor approval is needed if a change requires additional funding; a project manager is generally authorized to make most other decisions b. Sponsor approval is needed only if the project manager is not available c. Sponsor approval is always needed d. Sponsor approval is needed if a change requires a change to the project charter; a project manager is generally authorized to make most other decisions
Answers
Answer:
never
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Pls help me with this
Answers
Answer:
i agree with your answer
Explanation:
follow your heart
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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to synthesize means to condense information
Answers
Answer:
false?
Explanation:
synthesize means to combine
condense means to make to make shorter
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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What does it take for a consumer boycott to be successful?
A. The boycott must be conducted by consumers, producers, and the government
B. The boycott must bring the target company's offensive practices to the attention of the news media
C. The boycott must significantly reduce the target company's profits
D. The boycott must succeed in replacing traditional sales with online sales
Edit: Its C
Answers
Answer: IT'S C!!
Someone said it's b but it's not i just got it wrong
The boycott should be successful when the profits of the target company get minimized.
Option C is the correct answer.
What is meant by the target company?
A target company refers to an entity that is targeted in respect of the boycott movement.
The situation where the consumers of the market agree to not acquire a specific product from a specific company is called a consumer boycott. It represents disapproval towards something.
Therefore, the reduction in profits of the target company results in the success of the boycott movement.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
what is one effect of having legislatros who maintain careers outside of their jobs as public officials?
Answers
One effect of having legislators who maintain careers outside of their jobs as public officials is the potential for conflicts of interest, which can compromise the integrity of their decision-making in their public roles.
Step 1: Understanding the terms
- Legislators: individuals who create, amend, or repeal laws in a legislative body, such as a parliament or congress.
- Public officials: individuals who hold a position in the government and make decisions on behalf of the public.
- Conflict of interest: a situation where a person's personal interests, such as their career, may interfere with their ability to make unbiased decisions in their public role.
Step 2: Explaining the effect
When legislators have careers outside of their public office, they may face situations where their professional interests could conflict with their responsibilities as public officials. This can lead to the possibility of making decisions that prioritize their own interests over the best interests of the public.
Step 3: Providing an example
For example, a legislator who owns a construction company may be more likely to support legislation that benefits the construction industry, even if it is not in the best interest of the general public. This can lead to concerns about the fairness and transparency of the decision-making process.
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"Home made food contains proper nutrition describe them
Answers
Answer:
sandwiches, soup, and others have real nutrition.
Explanation:
People and blank careers are per suitors they like leader ship pools as well as sales they often have a good verbal abilities and talk to people into doing things their way
Answers
Answer:
Enterprising
Explanation:
Given that people in enterprising careers are those taking job positions such as Insurance Sales Agent, Lawyers, Arbitrator, Mediator, Sales or Retail Buyer, Head Cook, Construction Manager.
Hence, it practically correct to conclude that People in ENTERPRISING careers are persuaders they like leadership roles as well as sales, they often have a good verbal ability and talk to people into doing things their way
When someone makes a choice, what are all the other alternatives that are given up by making that choice called?
Answers
When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.
All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.
If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.
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A business analyzes what competitors are charging for products.
Answers
When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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in 2012, how many angel investment deals had more than one angel
Answers
Although it's conceivable, more angel investors are now participating in a single fundraising effort than in previous years. In 2012, co-investments made up over 70% of angel investment agreements, compared to just 41% in 2010 and 64% in 2011.
There will be more than 26,000 of these investors in India in 2022, some of them are members of several angel networks, including the Indian Angel Network, Chennai Angels, Hyderabad Angels, and Mumbai Angels, among others. Before formulating plans to begin developing and investing in any new or current ideas, products, or services, the market must first be thoroughly analysed to determine its wants and requirements.
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Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answers
Answer:
It might be D- whic
What are step in identify your target market
Answers
Answer:
Step One: Identify the Problems You Solve. ...
Step Two: Check Out Your Current Customer Base. ...
Step Three: Research the Competition. ...
Step Four: Decide on Specific Demographics to Target. ...
Step Five: Take Account of Your Target Market's Psychographics. ...
Step Six: Evaluate.
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answers
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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If Treasury bills are currently paying 5.2 percent and the inflation rate is 2.7 percent, what is the approximate real rate of interest?
Answers
Answer:
2.43 %
Explanation :
Real Interest rate = (1 + nominal rate) / (1 + inflation rate) - 1
therefore,
Real Interest rate = 1.052 / 1.027 - 1
= 2.43 %
the approximate real rate of interest is 2.43 %
jessica wants to list an unpaid internship on her résumé. in what section should she list it?
Answers
Jessica should mention her unpaid internship under "Experience" or "Work Experience" on her resume. This section usually lists a person's previous jobs, internships, or professional experiences. Jessica's unpaid internship shows her passion, abilities, and practical knowledge.
Jessica should describe the unpaid internship as follows:
Position: List her internship role.
Name the company/organization where she interned.
Duration: Include internship start and end dates.
Responsibilities and Achievements: List her internship tasks, responsibilities, and projects, showcasing her accomplishments and skills.
Essential Skills: Mention the communication, teamwork, problem-solving, and industry-specific abilities she developed during the internship.
Jessica shows potential employers her initiative, work ethic, and practical experience by listing the unpaid internship in the Experience section.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.