1. Principles and components for preparing and conducting the difficult conversation with your supervisor: Approach the conversation with clarity, empathy, active listening, constructive feedback, and effective communiction.
2. Specific processes to improve team meetings: Implement a clear agenda and goals, assign roles and responsibilities, and establish an action-oriented follow-up process to enhance organization, productivity, and accountability.
1. Principles and components for preparing and conducting the difficult conversation with your supervisor:
a) Clarity and Focus: Clearly define the issues you have observed regarding team meetings and their impact on performance metrics. Be specific about the problems and their consequences. Prepare examples and data to support your observations.
b) Empathy and Respect: Approach the conversation with empathy, understanding that your supervisor may have reasons for the current state of meetings. Be respectful and choose your words carefully, emphasizing your intention to contribute positively to the team's success.
c) Active Listening: Give your supervisor an opportunity to express their perspective and concerns. Listen attentively and seek to understand their viewpoint. Acknowledge their input and show that you value their opinion.
d) Constructive Feedback: Present your observations and recommendations in a constructive manner. Use "I" statements to avoid sounding accusatory and focus on the impact on team performance rather than personal criticism. Offer solutions rather than dwelling solely on the problems.
e) Collaboration and Solutions: Highlight your desire to collaborate and work together to find solutions. Emphasize your commitment to the team's success and propose a plan that incorporates input from both your supervisor and other team members.
2. Specific processes to improve team meetings:
a) Clear Agenda and Goals: Recommend establishing a clear agenda for each meeting with specific goals to be achieved. This helps everyone stay focused and ensures that important topics are addressed within the allocated time.
b) Assigned Roles and Responsibilities: Suggest assigning specific roles to team members for each meeting, such as a facilitator to keep the discussion on track, a timekeeper to manage the meeting duration, and a note-taker to record action items and decisions. This fosters accountability and streamlines meeting processes.
c) Action-oriented Follow-up: Propose implementing a systematic follow-up process after each meeting to ensure tasks are being accomplished. This can include sending meeting minutes with action items, deadlines, and assigned responsibilities. Regularly reviewing progress in subsequent meetings will help maintain accountability and drive results.
By implementing these processes, team meetings can become more organized, productive, and result-oriented. This approach promotes better communication, task completion, and overall team performance.
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What is a sales quote?
Answer:
Explanation:
A sales quote allows a prospective buyer to see the costs that will be involved for desired work.
Direct materials, direct labor, and manufacturing overhead are all ______ costs. Multiple choice question. direct conversion period product variable
Product Costs include Direct materials, direct labor, and manufacturing overhead
What is product Costs?Product Costs refers all the costs incurred in order to produce or manufacture a product. It refers to all the expenses or what is use to produce a product . Example of product costs include direct labor, direct materials,supplies, manufacturing overhead and consumable production.
Therefore Product Costs include Direct materials, direct labor, and manufacturing overhead
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anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
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why is market development necessary ?
Which of the following summarize how the social-cultural-political environment of the United States has encouraged economic growth? Multiple select question. No social or moral taboos on production Wealth creation considered an antisocial goal A negative attitude toward risk taking A competitive market system
Answer:
There are two answers to this::
1. No social or moral taboos on production
2. A competitive market system
is a registered trademark and competitors cannot use this name
A registered trademark and competitors cannot use this name without facing legal consequences.
The trademark provides legal protection to the owner of the name, preventing others from using it for their own products or services. This helps to protect the reputation and brand identity of the owner and ensures that customers can easily identify and differentiate between products from different companies. Any unauthorized use of the trademark can result in legal action, including fines and injunctions.
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the game. The most diversified portfolio would include all of these various options. On average, should this diversified portfolio have the highest return? Why or why not
A diversified portfolio, which comprises a number of asset types such as equities, bonds, real estate, and commodities, may assist in lowering overall investment risk while simultaneously increasing profits.
What is a diversified portfolio?Generally, A diversified portfolio, which includes a variety of asset classes such as stocks, bonds, real estate, and commodities, can help to reduce risk and increase returns.
The idea behind diversification is that different asset classes perform differently in various market conditions, so by spreading investments across different asset classes, the overall portfolio can be less affected by any one market downturn.
However, it does not necessarily mean that a diversified portfolio will always have the highest return. It depends on the current market conditions, economic outlook and the skill of the portfolio manager.
It is important to keep in mind that diversification does not guarantee a profit or protect against loss.
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elsa is working with a large data set with customer order details. she would like to quickly get a summary of average costs by product type. which excel tool will be most useful to develop this information?
Elsa can use the PivotTable tool in Microsoft Excel to quickly get a summary of average costs by product type from her large data set with customer order details.
PivotTables allow you to easily summarize and analyze large amounts of data by aggregating the data based on one or more columns and calculating a summary statistic such as an average, sum, or count. To use the PivotTable tool, Elsa will need to select the data set and then go to the Insert tab and select PivotTable. From there, she can select the columns she wants to group by (e.g. product type) and the calculation she wants to perform (e.g. average cost). The PivotTable will then automatically generate a summary of the data, showing the average costs for each product type.
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question 1 fill in the blank: curiosity, understanding context, and having a technical mindset are all examples of used in data-driven decision-making.
Curiosity, understanding context, and having a technical mindset are all examples of skills used in data-driven decision-making.
Curiosity: Curiosity drives individuals to explore data, ask insightful questions, and seek meaningful insights. It involves a willingness to dig deeper, challenge assumptions, and explore alternative perspectives, which leads to a better understanding of the underlying data and potential patterns or relationships.
Understanding Context: Understanding the context in which the data is generated and interpreted is crucial for making informed decisions. It involves considering the broader business environment, industry trends, customer behavior, and other relevant factors that influence the data.
Technical Mindset: Having a technical mindset refers to having the ability to work with data effectively, leveraging tools, technologies, and analytical techniques. It involves skills in data analysis, data visualization, statistical analysis, programming, and proficiency with relevant software and platforms.
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What is the best measure of long run economic growth?
The best measure of long-run economic growth is the increase in real per capita gross domestic product (GDP) over an extended period of time.
Real per capita GDP measures the value of all goods and services produced in a country, adjusted for inflation and divided by the population. It is a measure of the standard of living of the population, as it reflects the average income and purchasing power of each person in the country.
Real per capita GDP is a comprehensive measure of economic growth that captures changes in the quantity and quality of goods and services produced, as well as changes in the overall level of prices. It is a more meaningful measure of economic growth than simple GDP or total output because it takes into account changes in population size and inflation over time.
While there are other measures of economic growth, such as employment rates or productivity growth, real per capita GDP is widely used and accepted as the best measure of long-run economic growth because it captures the overall increase in a country's standard of living over time.
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On January 1, 2020, Green Bay Enterprises issued 10%, 10-year bonds with a face amount of $2,000,000 at 108. Interest is payable annually on January 1. The entry when the bond was issued would include a
Answer:
1.credit to premium on bonds payable for $160,000
Explanation:
The journal entry to record the issuance of the bond is given below:
Cash $2,160,000 ($2,000,000 × 108% )
To Premium on Bonds Payable $160,000 ($2,160,000 - $2,000,000)
To Bonds Payable $2,000,000
(Being the issuance of the bond is recorded)
Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable is credited as it increased the liabilities
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.
1. He will fill out the FAFSA form and send it in immediately.
2. He will ask his parents if they have a college savings account.
3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.
4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.
5. Upon graduation, he will start saving money for college.
Which statements identify errors in Jaiden’s plan? Check all that apply.
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
a model nascar race car lists for $80.06 with a trade discount of 40%. what is the net price of the car?
The net price of the car is 32.24. A trade discount is the difference between the cost of goods or services sold in a commercial setting. Small businesses can save money by utilizing trade discounts when acquiring products or services from vendors.
What is trade discount?The term "trade discount" refers to a discount that a seller offers to a buyer of a product in the form of a price decrease. Trade discounts are provided to boost product sales and give customers the impression that they are obtaining the greatest deal.
Net price=80.6*40/100=32.24
A trade discount is the difference between the cost of goods or services sold in a commercial setting. Small businesses can save money by utilizing trade discounts when acquiring products or services from vendors. To qualify for the trade discount, many suppliers mandate that small business payments be made within a certain window of time.
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Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Which type of dilemma is Gordon facing
Answer: ethical
Explanation:
Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.
Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.
what level are inputs for estimating fair values are based on inputs that are readily available via prices for identical assets or liabilities in actively traded markets such as securities exchanges?
The level you are referring to is Level 1 inputs. In the context of estimating fair values, the Financial Accounting Standards Board (FASB) developed a fair value hierarchy known as the three-level hierarchy.
This hierarchy categorizes inputs used in valuation techniques into three levels based on their reliability and availability.
Level 1 inputs are considered the most reliable and are based on quoted prices for identical assets or liabilities in active markets. These inputs are readily observable and can be directly obtained from reliable sources, such as securities exchanges. Level 1 inputs provide the highest degree of transparency and objectivity in fair value measurements.
Examples of Level 1 inputs include publicly traded stocks, bonds, and other financial instruments that have readily available market prices. The prices of these assets or liabilities can be easily obtained from exchanges or other reliable pricing sources.
It's important to note that Level 1 inputs are considered the most reliable because they are based on actual market transactions and reflect current market prices.
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All else being equal, using a P system would have higher annual holding costs than a Q system. Why does this happen? Check all that apply.A.) P systems need to carry more safety stock than Q systemsB.) P systems have a longer protection interval than Q systemsC.) P systems need higher service levels than Q systemsD.) P systems have higher per-unit holding costs than Q systemsE.) P systems require larger lot sizes than Q systems.
The statement that using a P system would have higher annual holding costs than a Q system is true, and it is due to several factors. Firstly, P systems need to carry more safety stock than Q systems. Safety stock is the extra stock that a company holds to protect against unexpected demand or supply chain disruptions.
Since P systems order at fixed intervals, they need to keep more safety stock to cover longer periods of time between orders. Secondly, P systems have a longer protection interval than Q systems. Protection interval is the time between placing an order and receiving the inventory. P systems have a longer protection interval, which means that the inventory is held for a longer time, leading to higher holding costs.
Additionally, P systems require higher service levels than Q systems, which means that more stock needs to be held to ensure that customers are satisfied. Finally, P systems have higher per-unit holding costs than Q systems, mainly due to the larger lot sizes that P systems require. All of these factors contribute to higher annual holding costs for P systems compared to Q systems.
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A plan for a career starting in two years:
a) Will give you less opportunities than a career starting right away
b) Means that no plans or training are necessary, since the goal is two years away
c) Cannot benefit from talking to a counselor or consulting a book
d) Will give you more opportunities than a career starting right away
It’s on knowledge matters for my business class !
Answer:a) Will give you less opportunities than a career starting right away
wrong
Explanation:
A plan for a career starting in two years d) Will give you more opportunities than a career starting right away.
How can this career give more opportunities ?Choosing a plan for a career starting in two years can potentially provide more opportunities compared to starting a career right away. Taking the time to plan for a career starting in two years allows for more preparation, skill development, and networking opportunities, which can ultimately lead to a wider range of career options.
You will have more time to research your options and find the right career for you. You will have more time to gain the necessary skills and experience. You will have more time to network with people in your field and build relationships.
In conclusion, option D is correct.
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List and explain ten factors to consider in preparing family income
Answer:
1. Availability of Money:
The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.
2. The size and the composition of the family:
Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.
Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.
3. Stages of family life cycle:
Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.
4. Occupation of the family members:
Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.
5. The needs and objectives of the family:
Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.
6. Resources:
Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.
7. Locality of the family:
In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.
8. Socio-economic status of the family:
The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.
9. Social and religious traditions:
Some families accept old and traditional values. So they spend more on marriages and religious festival.
10. Personal choice:
Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”
This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.
Whole food inc. uses statistical process control to ensure its protein bars have the proper weight. based on an in control process using 3 sigma limits, the control limits were found to be:__________
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The product life cycle refers to the stages a product moves through from the time it enters the market until the time
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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Which action would be most likely to affect whether scroll bars appear in a Word document?
A) saving the document
2
B) renaming the document
C)moving the document to a new location
-D)zooming in or out on the document
Answer:
-D
Explanation:
I'm pretty sure it's zooming in or out on the document
a(n) difference in cash occurs when a company records a transaction either before or after the bank records the same transaction.
The difference in cash that occurs when a company records a transaction either before or after the bank records the same transaction is known as a "bank reconciliation difference."
What is the bank reconciliation difference?When a company records a transaction, such as a check payment or a deposit, it records it in its own books, which may not necessarily match the timing of the transaction being processed by the bank. The timing difference between the company's records and the bank's records can result in a difference in the company's cash balance.
For example, if a company writes a check for $1,000 and records the payment in its books, but the bank has not yet processed the check, the company's cash balance will be overstated by $1,000. Conversely, if the bank has processed the check but the company has not yet recorded it in its books, the company's cash balance will be understated by $1,000.
To reconcile these differences, a company can perform a bank reconciliation, which is the process of comparing the company's records to the bank's records and identifying any differences. The company can then adjust its records to reflect the correct cash balance.
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According to the transaction cost economics, which of one the following is NOT a disadvantage of buying from the market.
A. •principal-agent problem
B. opportunism
C. • Information asymmetries
D. • Search cost
transaction cost economics - Search cost is NOT a disadvantage of buying from the market. The other options, such as principal-agent problem, opportunism, and information asymmetries, are considered disadvantages in this context.
Transaction cost economics is a theory that explains the factors that determine the transaction costs incurred in economic exchanges. These costs can be defined as the costs involved in completing a transaction, including both the direct and indirect costs. The theory suggests that these transaction costs influence the choices made by firms and individuals when deciding to make transactions in the market or within their own organization.One of the main advantages of buying from the market is the ability to reduce costs, as firms can leverage economies of scale and specialization to obtain products or services at a lower cost than producing them internally. However, buying from the market also has some disadvantages, which are referred to as transaction costs.The first disadvantage of buying from the market is the principal-agent problem. This problem arises when the interests of the buyer and the seller are not aligned, and the buyer cannot observe or verify the actions of the seller. This can lead to a lack of trust and an increased risk of opportunistic behavior.
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Suppose you invest $20,000 of your own money in a business as a sole proprietor, and then borrow an additional $10,000 from a bank. Suppose the business fails. For this two-part question, (1) What describes the potential loss of this situation, and (2) what is the total potential loss
\(75325 + 2353 = \div 2 \div = 22.2x2(22. = = 10000002\)
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which of these managerial actions is a concurrent mechanism that should deter employee theft
One of the concurrent mechanisms that should deter employee theft is implementing strong internal controls.
What are internal controls?Internal controls are procedures and policies put in place by management to safeguard company assets and prevent fraudulent activity.
These controls can include segregation of duties, regular audits, and monitoring employee behavior.
By having a system of checks and balances, employees are less likely to attempt theft as the risk of getting caught is high. Additionally, management can use incentives and promotions to reward employees who exhibit ethical behavior and report suspicious activity.
This can create a culture of honesty and integrity within the organization, further deterring employee theft.
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Analysts say visitors stay an average of how many seconds on any webpage?
A. 1-2 Seconds
B. 5-15 Seconds
C. 10-20 Seconds
D. 45-60 Seconds
According to Keynesian transmission mechanism, as the money supply rises, there is a direct impact on the goods and services market. Do you agree or disagree with this statement? Explain your answer.
I disagree with the statement that, according to the Keynesian transmission mechanism, an increase in the money supply has a direct impact on the goods and services market.
According to Keynesian economics, the transmission mechanism operates through changes in aggregate demand. An increase in the money supply alone does not directly impact the goods and services market. Instead, Keynes argued that changes in aggregate demand, which can be influenced by factors such as government spending or investment, affect the goods and services market.
An increase in the money supply may lead to lower interest rates, which can stimulate investment and consumption, thereby influencing aggregate demand and ultimately affecting the goods and services market. Therefore, while the money supply can indirectly affect the goods and services market through its impact on aggregate demand, it does not have a direct causal relationship.
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Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.