Q2. Wearables have the potential to change the way organisations
and workers conduct business (18 marks) • Select a business or
industry (e.g., healthcare, retail, health insurance) and describe
how

Organizational culture is shaped by the interaction of four main factors, including organizational ethics and the nature of the employment relationship. To understand how these factors interact, consider the following steps:

1. Organizational ethics: This refers to the values and principles that guide the behavior of individuals within an organization. Ethical standards influence decision-making and help create a positive work environment.

2. Nature of the employment relationship: This includes aspects such as job security, compensation, benefits, and opportunities for advancement. A strong employment relationship fosters employee satisfaction and loyalty, which can positively impact the organizational culture.

3. Interaction: The communication and collaboration between employees and management play a crucial role in shaping the organizational culture. Open dialogue and respectful exchanges of ideas contribute to a healthy and inclusive work environment.

4. Other factors: In addition to organizational ethics and the employment relationship, other factors such as leadership, organizational structure, and external influences can also shape the culture of an organization.

By considering these four main factors and their interactions, one can better understand how organizational culture is developed and maintained.

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1. The entrepreneurs in the case view failure as a necessary and important part of the entrepreneurial process. They understand that failure does not have to be permanent and that it can actually lead to future success. They did not give up after their initial failures but persisted in their efforts to achieve success. They had a growth mindset and were willing to learn from their mistakes, adapt, and try again.

2. The entrepreneurs exhibited a strong entrepreneurial spirit, which is characterized by creativity, innovation, risk-taking, and a willingness to persevere despite obstacles. They had a vision for their businesses and were willing to take calculated risks to bring their ideas to life. They were able to identify opportunities in the market and develop solutions to meet the needs of customers. They were resilient and persistent in their efforts, even when faced with failure.

3. Five mistakes that caused business failures for Thomas Watson include: a lack of market demand for his products, poor financial management, a failure to adapt to changing market conditions, a lack of effective leadership, and an inability to innovate and differentiate his products from those of competitors.

4. Five forces that are driving the growth of entrepreneurship include: advances in technology, which have made it easier and cheaper to start and run a business; globalization, which has opened up new markets and opportunities for entrepreneurs; changes in consumer behavior and preferences, which create new demands for products and services; the rise of social media and online platforms, which enable entrepreneurs to reach a wider audience and connect with customers; and government policies and initiatives that support entrepreneurship and innovation.

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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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An increase in the administered interest rate will most likely change the nominal interest rate and aggregate demand.

In the following ways, these will affect in the short run:
1. Nominal Interest Rate: An increase in the administered interest rate (the rate set by a central bank or monetary authority) will lead to a higher nominal interest rate. This is because the administered interest rate influences the cost of borrowing for banks, which in turn affects the interest rates they charge their customers. As the administered interest rate rises, banks typically increase the nominal interest rate to cover their increased costs.

2. Aggregate Demand: As the nominal interest rate increases, borrowing becomes more expensive for consumers and businesses. This results in a decrease in consumption and investment spending, leading to a decrease in aggregate demand in the short run.
In summary, an increase in the administered interest rate will likely cause the nominal interest rate to rise and aggregate demand to decrease in the short run.

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In 1960, federal spending accounted for approximately 18.5% of the total economy.This percentage reflects the size and of the federal government's expenditures during that time.

To determine the percentage of federal spending as a share of the total economy in 1960, we need to look at the ratio of federal spending to the Gross Domestic Product (GDP) for that year. According to historical data, the federal outlays in 1960 amounted to around $92.2 billion, and the GDP for that year was approximately $500 billion.

We can calculate the percentage as follows:

Percentage = (Federal spending / GDP) * 100

Percentage = ($92.2 billion / $500 billion) * 100

Percentage= 18.44%

Therefore, federal spending accounted for approximately 18.5% (rounded to the nearest tenth) of the total economy in 1960.

In 1960, federal spending represented a significant portion of the total economy, amounting to around 18.5%. This percentage reflects the size and influence of the federal government's expenditures during that time.

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Answer:

is this a multiple choice question?

Explanation:

1.) durability

2.) acceptability

3.) scarcity

4.) portability

5.)divisibility

6.)uniformity

choose any three u want! :)

Characteristics of Money.

Answer:

(a) Divisibility

(b) Limited supply

(c) Durability

More:

(d) Portability

(e) Acceptability

(f) Uniformity

These are the characteristics of money.

Thanks!!!!❤❤

Answer:

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.

Answer:

$568

Explanation:

Gross salary = $630

Social security tax = 6.2%

Medicare tax = 1.4%

Health insurance = $14.20

We add up what is paid as tax

= 6.2 + 1.4 = 7.6%

7.6% of $630

= 0.076 x 630

= $47.88

So he pays tax of 47.88 dollars from his gross salary

We add his tax to what he pays for health insurance

= 47.88 + 14.20

= $62.08

the formula for net pay:

gross salary - deductions

= $630 - $62.08

= $567.92

this is approximately $568

thank you!

Answer:

The technical profession has always been important as it has replaced the society from nomadic to the modern era. ... The facilities of medicines, surgical works, communication, computer technology, transportation system, etc are the result of technical professions.

Because if your mining company gets flooded and you can't mine for a few years you have to be able to find new mines or sell you equipment, or even the mine it's self.  

-A mine not producing, is a mine that's losing.

You can apply this to almost anything, but it's most prominent in evolution and Business. in Evolution you die, and in business, if you company is losing money it will die so you have to adapt to sudden changes to avoid imminent death.

Hope this helps.

                -Trey Tucker

Answer:

decrease in the unit variable cost

Explanation:

Answer:

Internal

Explanation:

The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.

The Federal Reserve System is comprised of three main groups: the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee (FOMC).

The Board of Governors is responsible for setting monetary policy and regulating banks. They also oversee the 12 Federal Reserve Banks, approve changes to discount rates, and provide guidance on banking regulations. The Federal Reserve Banks are responsible for implementing monetary policy in their respective regions, as well as providing banking services to member banks. They also participate in the FOMC's monetary policy decisions.

The FOMC is responsible for setting monetary policy for the United States. This committee is made up of members from the Board of Governors and several Federal Reserve Bank presidents. They meet regularly to assess the state of the economy and determine the appropriate course of monetary policy.

In summary, the Board of Governors oversees the Federal Reserve Banks and sets monetary policy, the Federal Reserve Banks implement monetary policy and provide banking services, and the FOMC sets the overall monetary policy for the country.

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Present value - $50,300 and payments - $550 at the beginning of every month for 8 years, then the nominal interest rate compounded monthly charged on the lease is approximately 1.1006%.

the formula for present value of an annuity can be used.

The formula is as follows:

\[PV=\frac{PMT \times (1-\frac{1}{(1+i)^n})}{i}\]

Where PV is the present value of the annuity,

PMT is the monthly payment,

i is the interest rate compounded monthly,

and n is the number of months.

We are given that

PV is $50,300, PMT is $550, and n is 8 years or 96 months.

To find i, we can rearrange the formula as:

\[i=\frac{PMT \times (1-\frac{PV}{PMT})}{PV}\times100\]

Substituting the values,

\[i=\frac{550 \times (1-\frac{50300}{550})}{50300}\times100\]% i≈1.1006

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The given statement "A Bigger World" claims that U.S. consumer behavior has a significant impact on emerging economies." is false. The book highlights how the increasing demand for cheap goods in the U.S. has led to the rise of manufacturing industries in countries like China, Vietnam, and Bangladesh.

This has resulted in a shift in global economic power, with emerging economies playing a larger role in the world economy. However, the book also discusses the negative consequences of this trend, such as poor working conditions and low wages in these manufacturing industries.Furthermore, U.S. consumer behavior also affects emerging economies through the flow of capital. Many U.S. companies invest in emerging markets, which can lead to economic growth and development.

However, this can also result in exploitation and environmental degradation.In conclusion, U.S. consumer behavior has a significant impact on emerging economies, both in terms of demand for goods and capital flow. However, this impact is complex and can have both positive and negative consequences.

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A mutual savings bank is different from a commercial bank in that it is owned by its depositors, who share in the bank's profits and losses.

Mutual savings banks also tend to be more community-oriented and may offer more personalized services to their customers. However, commercial banks typically offer a wider range of services, such as business banking and investment services.

The statement "Mutual savings banks provide more services" is not necessarily true, as this can vary depending on the individual bank and its offerings.

Lastly, mutual savings banks may pay slightly lower interest rates on deposits than commercial banks, but this is not always the case and can depend on various factors such as market conditions and the bank's financial performance.

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Answer:

a great return process

Explanation:

i used it very good and got my money back

With the kohl’s/amazon partnership, customers can purchase items from amazon online or through the amazon mobile app, process a return through their amazon account, and drop the item off at a kohl’s store without a box or label. This process is a great example of a omni-channel marketing

Omnichannel marketing is the combination and collaboration of different channels that organizations use to communicate with consumers with the goal of creating a unified brand experience. This includes physical (eg stores) and digital channels (eg websites). The goal of a multi-channel marketing strategy is to create a convenient, seamless user experience for consumers that offers many application possibilities. An omnichannel strategy can allow consumers  to find and buy online, in-store or a combination of the two - for example, "buy online and pick up in store". Today, organizations from a variety of industries are adopting omnichannel strategies, including healthcare, retail, finance, technology and more.

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The reconciliation balance for Bane Co. would be:

Bank reconciliation statement summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation process confirms that two separate records of transactions in an account are equal.

                                 Bane Co. company

                 Bank Reconciliation for the month ended.

Ending balance on the bank statement $1,480

Add:

Deposit in transit of $200

Less:

Checks outstanding $300

Adjusted bank statement $1,380

Company's books

Ending balance per cash account $1,400

Less:

Service charge $20

Adjusted cash balance $1,380

Therefore,

Bane Co.'s bank statement are:

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today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c

Answer:

78%

Explanation:

I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P

Answer:

Uh...sorry to be hours late but did something happen to a friend of yours that was bad? -Your friend, Bill Cipher

Explanation:

The competitive model does not include the concept of patents and copyrights . These intellectual property rights create temporary monopolies by granting exclusive rights to inventors and creators, which contradicts the assumptions of a perfectly competitive market. Option (D) is the correct answer.

The competitive model, also known as the perfectly competitive market model, is a fundamental concept in economics that makes several key assumptions. These assumptions include:

A. Large number of buyers and sellers: The model assumes that there are so many buyers and sellers in the market that no individual buyer or seller can influence the market price.

B. Homogeneous products: It assumes that all firms in the market produce identical goods or services, making it impossible for consumers to distinguish between the products of different sellers.

C. Perfect information: Buyers and sellers have complete and accurate information about product prices, quality, and availability, allowing them to make rational decisions.

D. Free entry and exit: Firms can easily enter or exit the market without any barriers, such as high startup costs, government regulations, or exclusive contracts.  Option (D) is the correct answer.

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Answer:

Answer: Market failure

Explanation:

When the free market is not able to allocate resources and goods and services efficiently​, this situation is referred to as market failure.

Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.

Answer:

Left skew

Explanation:

Given the quartiles of a distribution :

21, 18 and 20

Lower quartile, Q1 = 18

Median, Q2 = 20

Upper quartile, Q3 = 21

Representing the quartiles of the distribution as box plot, we can see that the median, Q2 is much closer to the third quartile, Q3, Than it is to the first quartile, Q1. Hence, we have a left skew or a negatively skewed distribution.

It defines how a company generates revenue, identifies its target customers, and outlines its value proposition. A business model focuses on the way a company operates and creates value for its stakeholders.

Hello! Sure, I'd be happy to help answer your question.

Strategic management encompasses various elements that are crucial to an organization's survival. These elements include:
1. Setting goals and objectives: Organizations need to define their long-term goals and objectives to provide a clear direction for the entire organization.
2. Environmental analysis: Strategic management involves analyzing the external and internal environments to identify opportunities and threats that can affect the organization.
3. Formulating strategies: This involves developing strategies and action plans to achieve the organization's goals and objectives.
4. Implementing strategies: Once strategies are formulated, they need to be implemented effectively by allocating resources, coordinating activities, and aligning the organization's structure.
5. Evaluating and controlling: Continuous evaluation and control are necessary to ensure that the strategies are on track and to make adjustments if needed.

Strategic management is crucial to an organization's survival for several reasons:
1. Adaptation to the changing environment: By engaging in strategic management, organizations can identify and respond to changes in the market, industry, and competitive landscape, allowing them to stay relevant and competitive.
2. Direction and focus: Strategic management provides a clear direction and focus for the organization, helping to align efforts and resources towards achieving the organization's objectives.
3. Resource allocation: Effective strategic management enables organizations to allocate their resources efficiently, making sure they are used in the most effective way to achieve strategic goals.
4. Decision-making: Strategic management provides a framework for making informed decisions based on analysis and evaluation, reducing uncertainty and increasing the likelihood of success.

An example of a company that failed as a result of poor strategic management is Blockbuster. Despite its early success as a video rental company, Blockbuster failed to adapt to the shift towards digital streaming and online rentals. The company neglected to develop a strategic response to emerging competitors like Netflix, resulting in its bankruptcy in 2010.

The difference between a strategy and a business model is as follows:
- Strategy: A strategy refers to a plan of action designed to achieve specific goals and objectives. It involves determining how to allocate resources, make decisions, and compete in the marketplace. Strategies are typically broader and encompass multiple aspects of the organization's operations.

- Business model: A business model, on the other hand, is the framework or structure through which a company creates, delivers, and captures value. It defines how a company generates revenue, identifies its target customers, and outlines its value proposition. A business model focuses on the way a company operates and creates value for its stakeholders.

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