The cost basis of the oven is $23,000.00 and the depreciation allowance will be $5,555.71 over the seven-year period. Here's how to get the solution:
MACRS is the Modified Accelerated Cost Recovery System that is used for tax purposes. This is a tax depreciation method that allows the capitalized cost of an asset to be recovered over a specific time period. In general, MACRS calculates depreciation expense based on the declining balance of an asset.
Using the MACRS 7 year property class, here's how to calculate the depreciation expense:
Depreciation Expense = (Cost Basis × Depreciation Rate) × Time Depreciation Rate for 7 Year property = 14.29%
Year 1: Depreciation Expense = (23,000 × 14.29%) × 1 = $3,285.70
Year 2: Depreciation Expense = (23,000 × 24.49%) × 1 = $5,632.70
Year 3: Depreciation Expense = (23,000 × 17.49%) × 1 = $4,022.70
Year 4: Depreciation Expense = (23,000 × 12.49%) × 1 = $2,872.70
Year 5: Depreciation Expense = (23,000 × 8.93%) × 1 = $2,056.90
Year 6: Depreciation Expense = (23,000 × 8.92%) × 1 = $2,056.60
Year 7: Depreciation Expense = (23,000 × 8.93%) × 1 = $2,056.90
The sum of the depreciation expense over the seven year period is: 3,285.70 + 5,632.70 + 4,022.70 + 2,872.70 + 2,056.90 + 2,056.60 + 2,056.90 = $22,923.20
Therefore, the cost basis of the oven is the purchase price plus the cost of delivery and installation:
Cost Basis = $15,700 + $7,300 = $23,000.00.
Thus, the cost basis of the oven is $23,000.00 and the depreciation allowance will be $5,555.71 over the seven-year period.
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two sustainable ways in which businesses could assist the schools to ensure that school leavers are better prepared for the workplace
The education system is based on more of theoratical knowledge than that of practical knowledge. Most of the theoratical knowledge is important and relevant but does not help in the growth of the student in real world.
For preparing students to face the real world situations and scenarios the schools should prepare them by making additions in the education system in following ways:
Business Assistance Tranings can be provided by education institutions to the graduates for introducing and preparing them for the real life workplace knowledge.Interships can be given to help them learn and work in the real environment which they would eventually work in after completion of their studies.Therefore the points discussed above can be the assistance provided by businesses to the education institutions for addition in the education system to prepare school leavers for workplace.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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if you buy a $10,000 U.S. Treasury bond ('T note') with a 2.5% coupon rate that pays semi-annually, what will be your yield after the first six months? what will your par value be when it matures?
Answer: The U.S. Treasury Series I Savings Bonds are 30-year instruments whose interest rate is reset every six months and are a way to help protect one from inflation. The rate is a combination of an inflation calculation over a six-month timeframe and a fixed rate determined by the Treasury Secretary. With inflation increasing this year to multi-decade highs, the inflation calculation for I Bonds bought until April 30, 2022, pay 7.12% for six months.
Explanation: i hope this helps :)
Merchandising accounting can be confusing. Need to buy inventory before selling it. Keep these actions sepasate. Where are some new accounts such as "sales returns/allowances & sales discounts" used? Buying side or selling side? What are these debit accounts subtracted from? What's the resulting subtotal called and what statement is it on?
The debit accounts are subtracted from sales revenue. The resulting subtotal is called net sales, and it is reported on the income statement.
Sales returns/allowances & sales discounts are used on the selling side in merchandising accounting. These debit accounts are subtracted from sales revenue to calculate the resulting subtotal which is known as net sales. Net sales are reported on the income statement.
An explanation of the terms and their relation to the question:
Merchandising accounting: This is the accounting system used in businesses that buy goods and resell them without any modification. Merchandising accounting is used to account for the cost of goods sold and related expenses.
Inventory: This refers to the stock of goods that a business has on hand for resale.
Sales returns/allowances: This is an account used to track the sales that are returned to the business or those that are discounted.
Sales discounts: This is an account used to track any discount offered to customers who pay their bills early or make prompt payments.
Usually, businesses purchase goods on credit, and before they sell the goods, they have to create a separate account for sales returns/allowances and sales discounts. These accounts are used to track the sales that are returned to the business and discounts given to customers.In merchandising accounting, sales returns/allowances and sales discounts are used on the selling side. They are subtracted from sales revenue to calculate the resulting subtotal which is known as net sales. Net sales are reported on the income statement.
The debit accounts are subtracted from sales revenue. The resulting subtotal is called net sales, and it is reported on the income statement.
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Which of the following is a TRUE statement about organizational structures for implementing business-level strategies?
a. A cost leadership strategy requires a simple structure emphasizing high specialization, centralization, and structured job roles.
b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
c. An integrated cost leadership/differentiation strategy requires a multidivisional structure using high formalization, decentralized decision making, and vertical coordination.
d. A focused strategy requires a functional structure featuring high levels of both specialization and formalization.
The correct answer is b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
Organizational structure plays a crucial role in the successful implementation of business-level strategies. Different strategies require different structures to effectively execute the plan. For instance, a cost leadership strategy focuses on cost reduction and requires a simple structure with high specialization, centralization, and structured job roles. A differentiation strategy, on the other hand, requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions. This structure enables the organization to differentiate its product from competitors through innovation, quality, and service.
An integrated cost leadership/differentiation strategy requires a multidivisional structure using high formalization, decentralized decision making, and vertical coordination. This structure allows the organization to focus on both cost reduction and differentiation, as well as manage multiple product lines. A focused strategy requires a functional structure featuring high levels of both specialization and formalization, allowing the organization to concentrate on a specific market niche.
Therefore,the correct answer is b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
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Michael is a manager for a high-tech company. He is analyzing the results of his teams, and the stats startle him. The performance numbers are not where they were projected, even though quality and speed were up to par. What could describe the performance concerns Michael is having?
Answer:
Performance ambiguity
Explanation:
Performance ambiguity refers to the failure to understand why performance is failing to meet projections.
Since we are told his team on average did well on quality and speed, it becomes troubling or an issue of concern for the Manager when he cannot understand why the performance numbers are not where they were projected.
alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
A job interview is a conversation between a job applicant and one or more people in a company or organization
to discuss the applicant's qualifications for a specific job. True or false
Answer:
True
Explanation:
company or organization ready to accept jop applications from jop applicant
explain briefly how a higher carrying cost can result in a decrease in inventory
A higher carrying cost can lead to a decrease in inventory. When the carrying cost of holding inventory increases, it becomes less profitable for businesses to maintain high levels of inventory.
Carrying cost refers to the expenses associated with holding and storing inventory over a specific period. It includes costs such as warehousing, insurance, obsolescence, the opportunity cost of capital, and potential spoilage or damage. When the carrying cost rises, businesses face increased expenses for keeping inventory in stock.
To optimize profitability, businesses may respond to higher carrying costs by reducing their inventory levels. By decreasing the quantity of inventory they hold, they can minimize holding expenses. This approach helps prevent potential losses due to inventory obsolescence, deterioration, or storage-related costs.
Reducing inventory levels can also improve cash flow by freeing up capital that would otherwise be tied up in inventory. However, it's important for businesses to strike a balance and ensure they maintain adequate inventory levels to meet customer demand and avoid stockouts that could harm sales and customer satisfaction.
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Which of the following factors in productiservice planning affects product protection, product image, and indentification of the product's brand
Answer:
A: D
Explanation:
if a student chooses to study linguistics at a college, what has that student chosen?
When a student chooses to study linguistics at a college then has to choose an academic major subject.
What is an academic major?An academic major is referred to as a specialization an individual to choose in which he is looking for expertise or career during the college duration.
These major subjects reflect that the student will gain knowledge and developed skills by reading the subject and can utilize it in the future. This will also help to determine the interest of an individual.
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When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.True or False
False. When you receive confirmation that the IRS accepted your return, it means that they have received your return and that it has passed their initial validation checks.
This includes checking your personal information, such as your name and Social Security number, to make sure they match the information on file with the Social Security Administration.
The initial validation checks also include verifying basic items on your return, such as your filing status and whether any dependents you claimed have already been claimed by someone else. However, the IRS does not review your return in detail at this point. Instead, they may perform additional checks or audits on your return at a later time to ensure that it is accurate and complete.
Therefore, the statement "they have reviewed your return, and it has passed their initial inspection" is not entirely accurate. The IRS has accepted your return based on their initial validation checks, but they have not yet reviewed it in detail.
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You have just retired with savings of $8 million. If you expect to live for 56 years and to earn 12% a year on your savings, how much can you afford to spend each year (in $ dollars)? $_______. (Assume that you spend the money at the start of each year.)
Spending refers to the act of an individual or business purchasing items, whether they are necessary or not.
Ability to spend annually = PMT= = = Investment's value [(1-(1/(1+rn))]/r] 8,000,000+ [((1-(1/(1.12^56)))/0.12]/1.12 $858,648.10
Any expenses required for the retiree's and his family's survival, including travel, medical, and other expenses, may be included in the spending.
The value of a property to a specific investor is its investment value. For the investor who has the ability to put the property to excellent use—its highest and best use, its most valuable use—it is equal to market value in the U.S. and the U.K.
The most popular is ROI, which is calculated as ROI = Net income / Cost of Investment multiplied by 100.
The terms "Current Value of Investment" and "Proceeds from Sale of Investment" relate to the interest investment's sale price. ROI is calculated as a percentage, making it simple to compare to returns from other investments. This makes it possible to compare various investment kinds to one another.
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if the mean is 32 and the median is 40 what would be value of mode
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
Suppose that the real money demand depends only on income, not on the nominal interest rate. Assuming all the remaining features of the model of chapter 7 considered in lectures being the same,
(i) Discuss the shape of the LM curve for this case and explain your answer in detail.
(ii) Discuss whether scal policies can be used to stabilize the economy under this case.
(i) Shape of LM curve: The LM curve illustrates the relationship between interest rates and income, assuming that the money market is in equilibrium.
(ii) The real money demand is only affected by income, therefore, fiscal policies would be effective in stabilizing the economy in this case.
(i) If the real money demand is only determined by income, the LM curve will be a vertical line since the nominal interest rate has no impact on the equilibrium in the money market. As a result, shifts in the IS curve will not influence the interest rate, but will simply impact income.
(ii) By increasing government spending or lowering taxes, the government can stimulate economic growth, which will increase income and, as a result, real money demand. This will lead to an increase in the equilibrium interest rate and a reduction in output.
If the government reduces government spending or increases taxes, the reverse will occur, lowering income and real money demand and decreasing the equilibrium interest rate, resulting in an increase in output. Fiscal policy, as a result, may be used to stabilize the economy in this case.
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The following financials were identified in operating a wind energy system:
• Capital cost of equipment and installation - $75,000
• Monthly service and maintenance cost - $400 per month
• Expected lifetime of the system - 20 years
• Income through energy generation - $16,000 per year a)
Calculate the total anticipated cost of the system for 20 years.
b) What is the net profit (if any) in this installation if it is operated for 20 years? Assume that there is no scarp value of the installation after 20 years.
c) What is the payback period for this installation? d) If the investor requires a payment equivalent to 8% of the capital at the end of each year for 20 years, how does the net profit of the project change? Show your calculations.
a) The total anticipated cost of the system for 20 years is $171,000.
b) The net profit in this installation, after operating for 20 years, is $149,000.
c) The payback period for this installation is approximately 4.69 years.
d) The net profit of the project changes to $29,000 with annual payments to the investor.
a) To calculate the total anticipated cost of the system for 20 years, we need to consider the capital cost, service and maintenance cost, and the expected lifetime of the system.
Total cost of the system = Capital cost + (Monthly service and maintenance cost * Number of months)
Given:
Capital cost = $75,000
Monthly service and maintenance cost = $400
Expected lifetime of the system = 20 years
Number of months = Number of years * 12 (since there are 12 months in a year)
Number of months = 20 * 12 = 240 months
Total cost of the system = 0 * 240)
Total cost of the system = $75,000 + $96,000
Total cost of the system = $171,000
Therefore, the total anticipated cost of the system for 20 years is $171,000.
b) To calculate the net profit of the installation, we need to consider the income from energy generation and the total cost of the system.
Net profit = Income - Total cost of the system
Given:
Income through energy generation = $16,000 per year
Net profit = ($16,000 * 20) - $171,000
Net profit = $320,000 - $171,000
Net profit = $149,000
Therefore, the net profit in this installation, after operating for 20 years, is $149,000.
c) The payback period is the time required for the project to recover its initial investment. It can be calculated by dividing the initial investment by the annual net cash flow.
Payback period = Initial investment / Annual net cash flow
Given:
Initial investment = $75,000
Annual net cash flow = Income through energy generation
Payback period = $75,000 / $16,000
Payback period ≈ 4.69 years
Therefore, the payback period for this installation is approximately 4.69 years.
d) If the investor requires a payment equivalent to 8% of the capital at the end of each year for 20 years, it would affect the net profit of the project.
Annual payment to the investor = 8% of the capital
Annual payment to the investor = 0.08 * $75,000
Annual payment to the investor = $6,000
Net profit (with annual payments to the investor) = Net profit (without annual payments) - Annual payments to the investor
Net profit (with annual payments) = $149,000 - ($6,000 * 20)
Net profit (with annual payments) = $149,000 - $120,000
Net profit (with annual payments) = $29,000
Therefore, with the annual payments to the investor, the net profit of the project changes to $29,000.
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Your big brother has decided that he wants to get into the
workforce relatively soon and doesn't want to pursue a 4-year
degree. He is considering a career as a paralegal. While
browsing job postings for paralegals in the area he notices that
most firms are requiring candidates to have an associate's
degree or a certification. Based on the information in the table
below, which option is best for your brother and why?
The answer is based on the table Work study which includes 6 weeks of certification program and 2 years in community college is best for the brother.
The reason is because he doesn't want to pursue a 4-year degree and most firms require candidates to have an associate's degree or a certification.
Therefore, work study is best option as it fulfills his requirement for certification and college within a limited time period.
What is certification in plain English?Certifications are special qualifications there by an individual to show their validity and capacity to carry out a task. Your certification is shown as a document that certifies that, as a professional, you have received the necessary training, education, and preparation to fulfill the requirements of your position.
What are the three different certifications?A certification might be of one of three broad forms. Corporate (internal), product-specific, and profession-wide are listed in order of development level and portability.
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Pachel Corporation reports the following information pertaining to its accounts receivable.
Days Past Due
Current 1–30 31–60 61–90 Over 90
$60,000 $40,000 $25,000 $12,000 $2,000
The company’s credit department provided the following estimates regarding the percent of accounts expected to eventually be written off from each category listed.
Current receivables outstanding 2 %
Receivables 1–30 days past due 4 Receivables 31–60 days past due 16 Receivables 61–90 days past due 40 Receivables over 90 days past due 90 The company uses a balance sheet approach to estimate credit losses.
a. Record the company’s uncollectible accounts expense, assuming it has a $1,400 credit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment.
b. Record the company’s uncollectible accounts expense, assuming it has a $1,600 debit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment.
To find the uncollectible accounts expense, we will multiply the total receivables with the expected percentage of loss expected on each category of account i.e. Uncollectible accounts expense = Total receivables × Expected % of loss Current Receivables Outstanding:
Expected % of loss = 2%Uncollectible accounts expense = $60,000 × 2/100= $1200Receivables 1-30 days past due: Expected % of loss = 4%Uncollectible accounts expense = $40,000 × 4/100 = $1600Receivables 31-60 days past due: Expected % of loss = 16%Uncollectible accounts expense = $25,000 × 16/100 = $4000Receivables 61-90 days past due: Expected % of loss = 40%Uncollectible accounts expense = $12,000 × 40/100 = $4800Receivables over 90 days past due: Expected % of loss = 90%Uncollectible accounts expense = $2,000 × 90/100 = $1800Total uncollectible accounts expense = $1200 + $1600 + $4000 + $4800 + $1800= $13,000Now,To find the uncollectible accounts expense, assuming it has a $1,400 credit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment we will make the following entries: Accounts Debit Credit Allowance for Doubtful Accounts $13,000 Uncollectible accounts expense $13,000 Allowance for Doubtful Accounts has a credit balance of $1,400, which will be deducted from the uncollectible accounts expense to find the required adjusting entry.
Accounts Debit Credit Allowance for Doubtful Accounts $11,600 Uncollectible accounts expense $11,600Now,To find the uncollectible accounts expense, assuming it has a $1,600 debit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment we will make the following entries: Accounts Debit Credit Allowance for Doubtful Accounts $11,600 Uncollectible accounts expense $11,600 Allowance for Doubtful Accounts has a debit balance of $1,600, which will be added to the uncollectible accounts expense to find the required adjusting entry.
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Opponents of a project do not belong to the category of stakeholders. (True or False)
The given statement is False as they have a vested interest in the project's outcome and can be affected by its implementation.
Stakeholders are individuals, groups, or organizations that have a direct or indirect interest in a project or its outcomes. They can include various parties such as employees, customers, suppliers, shareholders, local communities, government agencies, and even opponents or critics of the project.
Opponents of a project are individuals or groups who express opposition, concerns, or disagreement with the project's goals, objectives, or potential impacts. They may have different perspectives, conflicting interests, or perceive potential negative consequences associated with the project.
While stakeholders typically encompass a broad range of individuals and groups, including those who support or are directly involved in the project, opponents are also recognized as stakeholders. Their viewpoints and concerns need to be considered and addressed to ensure effective stakeholder management and project success.
Engaging with opponents and understanding their perspectives can provide valuable insights, help identify potential risks or issues, and enable project managers to develop strategies to mitigate concerns, improve project outcomes, or address any negative impacts.
Recognizing opponents as stakeholders fosters transparency, inclusivity, and effective communication, which can contribute to better decision-making and project outcomes.
Therefore, opponents of a project do belong to the category of stakeholders, although they may have divergent interests or perspectives compared to other stakeholders.
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blanchard recommends which of the following for getting employees pumped up about their work? working for a company that gives to good causeshaving work that serves a higher purposehaving a clear set of operating valueshaving a secure job
In order to get employees pumped up about their work, Blanchard recommends that:
working for a company that gives to good causehaving work that serves a higher purposehaving a clear set of operating valuesWhat does Blanchard believe?Ken Blanchard is an expert on leadership and management and in an interview, he was asked on his thoughts on what gets employees motivated and pumped up to work for their organizations.
Ken Blanchard believes that a company that gives to good causes will have motivated employees. These employees will know that the work they do will help the company make more money which can then be given to good causes.
When employees work for something that they believe serves a higher prupose, they would also feel more pumped up. Finally, a company with a clear set of operating values will allow the employees to be pumped up from knowing what is expected of them.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU3. Cash Short and Over is classified as a(n) (A) asset. (B) liability. (C) expense.
(D) equity.
Answer:
(C) expense
Explanation:
Cash over and short are treated as business expenses. They are recorded in the cash and over the account. It means businesses have cash and over an account in the General ledger.
Since the cash over and short account is an expenses account, cash over is debited, while a short is credited.
Oh no! You bounced a check. You must pay _____________, fill in the blank, to the business you wrote the original check to.
Answer:
bank fees
Explanation:
Jessie is designing a new style of bracelet to sell at school to raise money for fbla. She has sold so many bracelets that she has assigned other members of fbla to assist her in making the bracelets. Which production activity step is this?.
Answer:
recruiting/hiring
Explanation:
i dont know its just a guess
what do you think would happen in a commercial neighborhood near your home if a restaurant in that neighborhood were making a great deal of profit? select all that apply.
Explanation:
As owners will have competition or specials so that you can attract more customers
The purpose of conflict resolution is to settle disputes without ______.
a.
Compromising
b.
Hurting feelings
c.
Finding common ground
d.
Listening carefully
Answer:
b. Hurting feelings
Explanation:
Conflicts are severe disagreements in ideas, plans, methodology, or actions. If unchecked, conflicts may result in emotional outbursts, verbal, or even physical violence. Conflict resolutions are attempts to bring harmony and understanding between two or more conflicting parties.
Conflict resolution aims at bringing an understanding among the two conflicting parties. It seeks to reduce their differences by considering each other options and ideas. Conflict resolutions are mostly conducted by independent third parties who take care of each side's needs.
Answer:
b. Hurting feelings
Hope this helps!
Explanation:
15. Why is unemployment a closely watched figure by the government?
16. Briefly explain the connection between a person’s level of education and his or her potential for employability and earnings.
Economics
What is the basis of effective communication? group of answer choices the interpretation of meaning transmitting a message from sender to receiver support of basic management functions consistency of meaning nonverbal feedback
Answer:
The basis of effective communication is the transmission of a message from the sender to the receiver in a way that ensures a shared understanding of its meaning.
Explanation:
Effective communication requires that the message is transmitted clearly, accurately, and concisely, and that the receiver interprets it as the sender intended. The support of basic management functions, consistency of meaning, and nonverbal feedback can all contribute to effective communication, but they are not the basis of it. Ultimately, effective communication is built on a shared understanding of the message being conveyed, and it is the responsibility of both the sender and the receiver to ensure that this understanding is achieved.
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someone help i really need it !!!!
Answer:
Shoot, sorry, ik this was 3 days ago so my answer probably wont matter but you did give me point by letting me answer... Thanks!
Explanation:
:D
a financial services company with insurance, investments, mortgages, and banking divisions is best characterized as having a
The financial services company which includes the insurance, investments, mortgage, banking is best characterized as having a product structure.
The question options includes functional design, product structure, geographic structure and horizontal design.
Product organizational structure refers to an organization framework in which the various divisions therein are divided base on focus on product or service offered within the company.
All financial institution have the distinct product they offered to customers and each department in the institution are formed to serve the product being offered.
Therefore, the answer is B. because the financial services company are best characterized as product organizational structure.
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