The ranking method described is called the rank order method.
The rank order method is a type of performance appraisal that involves ranking employees from best to worst on a particular trait or set of traits. In this case, the dining room manager of the Ultraline City Club is using the rank order method to rank all of the food and beverage servers based on their performance.
The manager is creating a rank order by writing the name of each employee on a small index card and arranging the cards in order from best to worst, with the best employee's card at the top of the table and the worst employee's card at the bottom. This method is called the "rank order" method because it involves ranking employees in a specific order based on their performance.
The rank order method is a straightforward and easy-to-use way of evaluating employee performance, but it can be subject to bias and can be difficult to use when there are a large number of employees. Additionally, it does not provide any information about the specific strengths or weaknesses of each employee, which can make it difficult to provide targeted feedback and training.
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cullumber corporation purchased 22000 shares of common stock of the sherman corporation for 29 per share on jhanuary 2, 2020. sherman corporation had 100000 shares of common stock outstanding during 2021, paid cash dividends of 139000 during 2021, and reported net income 390000 for 2021. cullumber corporation should report revenue from investment for 2021 in the amount of
The revenue from investment for 2021 that Cullumber Corporation should report is $80,000.
Cullumber Corporation owned 22000/100000 = 22% of the outstanding shares of Sherman Corporation as of January 2, 2020.
During 2021, Cullumber Corporation's share of Sherman Corporation's net income would be 22% x $390,000 = $85,800.
However, Cullumber Corporation also received cash dividends during 2021, which reduces the amount of revenue from investment.
Cullumber Corporation received 22% x $139,000 = $30,580 in dividends during 2021.
Therefore, Cullumber Corporation should report revenue from investment for 2021 in the amount of $85,800 - $30,580 = $55,220.
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discussion questions 1. how can basic black respond to the violation of the supplier agreement by raz fashions? could it be the right answer to shift production out of bangladesh entirely?
Basic Black can take legal action or terminate the agreement, but shifting production out of Bangladesh may not be the best solution.
Fundamental Dark can answer the infringement of the provider arrangement by Raz Styles by making a legitimate move against Raz Designs to uphold the provisions of the understanding. Essential Dark can likewise consider ending the concurrence with Raz Designs and finding another provider who can meet the conditions of the arrangement.
Nonetheless, moving creation out of Bangladesh totally may not be the right response, as it could adversely affect the economy and the jobs of the specialists in Bangladesh. All things considered, Essential Dark can investigate different choices inside Bangladesh, for example, finding another provider who can consent to the details of the arrangement, or working with Raz Styles to work on their functioning circumstances and practices to meet the provisions of the understanding.
Essential Dark genuinely should gauge the effect of its activities on all partners, including the laborers, providers, and the organization's standing, while at the same time guaranteeing that the conditions of the provider arrangement are maintained.
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If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
what problems does gabe need to solve? what practices has he put in place to solve them? why don't valve's competitors organize the same way? what is gabe's vision? what drives him? if you were in charge of video games at electronic arts, how would you compete with valve for talent? should they go into hardware? why or why not?
Valve and Gabe Newell faced game-release, Steam management, and industry competition challenges. They overcame them with virtual reality, unique structure, and employee autonomy. Newell's Valve vision invests in virtual reality for immersive experiences. Competitors can attract talent with better pay, but entering hardware is risky.
Valve is a leading game developer and publisher that has faced challenges such as releasing new games, managing the success of Steam, and competing with giants like Microsoft and Sony. They've tackled these issues by focusing on areas like virtual reality and creating their own hardware. Valve has a unique flat organizational structure, which fosters creativity and innovation, but can lead to communication challenges.
Gabe Newell's vision for Valve includes creating immersive gaming experiences and investing in virtual reality. A competing company could attract talent from Valve by offering competitive salaries, benefits, and opportunities for growth. Valve's hardware success has been mixed, so entering this market would be risky for any competitor.
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--The complete question is, What are some of the challenges faced by Valve and its founder Gabe Newell, and what strategies has the company employed to overcome them? How does Valve's unique organizational structure differ from that of its competitors, and what advantages and disadvantages does this approach offer? What is Gabe Newell's vision for Valve, and what motivates him to pursue it? If you were in charge of a competing company like Electronic Arts, how would you attempt to attract talent away from Valve, and would you consider entering the hardware market as Valve has done? Why or why not?--
in year 4, a taxpayer gifted an undivided one-half interest in the taxpayer's farm to the taxpayer's child. title to the farm was held by parent and child as tenants in common. in year 10, the taxpayer died and the other one-half interest in the farm was left to the same child. the taxpayer paid $40,000 for the farm in year 1, and the fair market value of the entire farm was $100,000 at the date of the taxpayer's death. an alternate valuation date was not elected. what is the child's basis in the farm after the taxpayer's death?
In year 4, a taxpayer gifted an undivided one-half interest in the taxpayer's a child who receives money and is considered a dependent of another taxpayer must file their taxes as an individual. This claim is accurate.
A single dependent kid (under 65) must file a tax return if their gross income exceeds the greater of $1,000 or their earned income up to $5,850 + $350, or if their unearned income exceeds $6,200 (the standard deduction amount).
Single is the file status used by unmarried taxpayers who are not otherwise qualified for another filing status when submitting their federal income tax returns to the Federal Revenue Service (RS). Tax filing is not obligatory for everyone. The guidelines for submitting income taxes for the tax year 2021 are listed below. Your age, filing status, income, Depending on your circumstances, you may or may not need to file your taxes.
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which of the following illustrates how factor demand is related to product demand? responses the quantity demanded for restaurant meals depends on the price of the meal. the quantity demanded for restaurant meals depends on the price of the meal. the demand for books depends on the number of authors in the market. the demand for books depends on the number of authors in the market. the demand for airline pilots depends on the demand for air travel. the demand for airline pilots depends on the demand for air travel. the demand for auto mechanics depends on the supply of auto parts. the demand for auto mechanics depends on the supply of auto parts. the demand for health care depends on the cost of health care.
The demand for airline pilots depends on the demand for air travel" illustrates how factor demand is related to product demand. Therefore the option E is correct.
The demand for airline pilots depends on the demand for air travel.Factor demand refers to the relationship between the price of a factor of production and the quantity of the factor that firms want to employ. A factor of production is a commodity or service that aids in the creation of a good or service.
The demand for the factor of production is determined by its marginal product and its price.In this case, the demand for airline pilots is based on the demand for air travel. If the demand for air travel increases, then airlines would require more pilots to meet the demand. Therefore, there would be an increase in demand for airline pilots which in turn would increase the factor demand for pilots. Therefore, option E, "The demand for airline pilots depends on the demand for air travel" illustrates how factor demand is related to product demand.
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the subject property has three bedrooms and a fireplace. comparable a has three bedrooms and no fireplace; it is valued at $310,000. comparable b has four bedrooms and a fireplace; it is valued at $360,000. a bedroom is valued at $30,000 and a fireplace is valued at $10,000. if you're using only two comparables, an appropriate range of values for the subject property would be: group of answer choices $320,000 to $350,000 $330,000 to $340,000 $320,000 to $330,000 $310,000 to $360,000
Appropriate range of values for the subject property would be $320,000 to $350,000.
We can use the given information to calculate the value of the subject property based on the value of bedrooms and fireplaces.
The value of a bedroom is given as $30,000, and the value of a fireplace is $10,000. Therefore, we can estimate the value of the subject property as:
Subject Property Value = (Number of Bedrooms x Value of Each Bedroom) + (Number of Fireplaces x Value of Each Fireplace)
Subject Property Value = (3 x $30,000) + (1 x $10,000) = $100,000
Using the two comparables, we can estimate the value of the subject property within a range. We can use the following formula to calculate the estimated value of the subject property based on the comparables:
Estimated Value of Subject Property = (Comparable A Value - Value of A Bedroom x Number of Missing Bedrooms) + (Value of a Fireplace x Fireplace Difference)
For the first comparable (A), the subject property has one fireplace but comparable A has no fireplace, so the fireplace difference is 1. Therefore, the estimated value of the subject property based on comparable A is:
Estimated Value of Subject Property based on Comparable A = ($310,000 + ($10,000 x 1)) = $320,000
For the second comparable (B), the subject property has three bedrooms but comparable B has four bedrooms, so the bedroom difference is -1. The subject property also has one fireplace and comparable B has one fireplace, so the fireplace difference is 0.
Therefore, the estimated value of the subject property based on comparable B is:
Estimated Value of Subject Property based on Comparable B = ($360,000 - ($30,000 x -1) + ($10,000 x 0)) = $390,000
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factors affecting international equity returns are a. macroeconomic variables that influence the overall economy b. exchange rate changes c. all of the options d. the industrial structure of the country
The correct answer is c. all of the options.All of these factors can affect international equity returns
a. Macroeconomic variables such as inflation rates, interest rates, GDP growth rates, and political stability can impact the overall economy and, in turn, influence international equity returns.
b. Exchange rate changes can affect the returns of international equities because changes in exchange rates can increase or decrease the value of foreign currency-denominated investments when converted back into the investor's home currency.
c. The industrial structure of the country can impact international equity returns. For example, an industry-specific shock, such as a change in regulation or a new technology, can affect the returns of equities in that industry across multiple countries.
Therefore, it's essential for investors to consider all these factors when investing in international equities to understand and manage the risks associated with their investments.
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are the most fundamental components of political economy. a. property and assets b. income and markets c. income and taxes d. markets and property
The most fundamental components of political economy are (d) markets and property.
Political economy is a social science that focuses on the production, trade, and distribution of goods and services. It involves the study of how economies work, including how they interact with other social institutions such as governments and legal systems.
Market refers to the process of buying and selling goods and services, while property refers to the ownership of assets such as land, buildings, and other physical goods. These two concepts are crucial to political economy because they determine how resources are allocated and how economic growth occurs.
Hence, the correct answer is (d) markets and property.
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if a country places a 20 percent tax on dairy products exported to other nations in order to limit exports and have sufficient supplies of dairy products for the home country, it is using a(n) .
The strategy that a country is using if it places a 20 percent tax on dairy products exported to other nations in order to limit exports and have sufficient supplies of dairy products for the home country is export tariff.
An export tariff is a tax on products that are exported from a country. Export tariffs are imposed for a variety of reasons, including the need to protect domestic industries from foreign competition, to regulate the export of goods that are in short supply, and to generate revenue for the government.
Exports can be discouraged by export tariffs since they raise the cost of the goods being exported, making them less competitive on the world market. Export tariffs are, however, controversial because they can lead to trade disputes between nations.
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victor's custom auctioneering service provides online auction selling assistance. victor plans to conduct marketing research to determine which auction site is best for his customers. his next step is to
Victor plans to conduct marketing research to determine which auction site is best for his customers. His next step is to identify the target audience and collect data.
Victor's custom auctioneering service is an online auction selling assistance. Victor has planned to conduct marketing research to determine which auction site is best for his customers. After identifying the research problem, the next step in the research process is to identify the target audience. Victor will try to find out what characteristics his potential customers have, and what they are looking for in an auction site.
After identifying the target audience, he will begin collecting data. The data collection method will vary depending on the research problem and the target audience. The data collection method may involve online surveys, focus groups, or interviews. Victor will then analyze the data to determine which auction site is best suited to his customers.
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the classical economists' conclusion that nominal income is determined by movements in the money supply rested on their belief that could be treated as in the short run. a. money; variable b. velocity; constant c. velocity; variable d. money; constant
The classical economists conclusion that nominal income is determined by movements in the money supply rested on their belief that could be treated as constant in the short run is (B). velocity; constant is correct option.
The quantity theory of money, which was popularized by classical economists, states that the price level of goods and services is directly proportional to the money supply and the velocity of money, while being inversely proportional to the real output of the economy. Classical economists assumed that in the short run, velocity (the rate at which money changes hands in the economy) would remain relatively constant, and as a result, changes in the money supply would have a direct impact on the level of nominal income in the economy.Therefore, the correct answer is (b) velocity; constant.
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determine the overhead costs assigned to model d using the two most expensive activities for cost pools. the costs of the two relatively inexpensive activities are allocated to the two most expensive activities in proportion to their costs. the engineering cost assigned to model d would be
As per the given proportion the engineering cost assigned to model d would be $457.14.
For instance, if there are four activities involved in the project, each with a cost of $100, $200, $300, and $400 respectively, the two most expensive activities would be the third and fourth activities with costs of $300 and $400. Let's assume that the relatively inexpensive activities have costs of $100 and $200. To allocate their costs to the two most expensive activities, we need to determine the proportion of their costs relative to the total cost of all activities.
The total cost of all activities is $1000 ($100 + $200 + $300 + $400). The proportion of the cost of the first relatively inexpensive activity is 10% ($100/$1000) and the proportion of the cost of the second relatively inexpensive activity is 20% ($200/$1000).
To allocate these costs to the two most expensive activities, we multiply their proportions by the costs of the two most expensive activities.
For instance, the cost allocated to the third activity would be $100 x (300/700) = $42.86, while the cost allocated to the fourth activity would be $200 x (400/700) = $114.29.
Adding these allocated costs to the costs of the two most expensive activities gives a total engineering cost assigned to model C of $457.14.
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what is subtracted from total budgeted selling and administrative expenses to determine the cash disbursements for selling and administrative expenses?
To determine the cash disbursements for selling and administrative expenses, you need to subtract any non-cash items such as depreciation from the total budgeted selling and administrative expenses.
The cash disbursements for selling and administrative expenses are determined by subtracting non-cash expenses from total budgeted selling and administrative expenses. What is meant by non-cash expenses? Non-cash expenses are expenses that are incurred but are not paid in cash, such as depreciation expenses, amortization expenses, and the like.
It is essential to recognize that these expenses lower the value of an asset but do not affect the company's liquidity in the short term. Selling and administrative expenses are costs that are not directly linked to the creation or production of goods. They are frequently referred to as operating expenses. The selling expense is linked to the selling of goods. At the same time, the administrative expense is connected to the management and support of the business.
A calculation is used to determine cash disbursements for selling and administrative expenses. Non-cash expenses are subtracted from the total budgeted selling and administrative expenses to determine this amount. The resulting number will be the company's cash outlay for selling and administrative expenses.
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when acting as a principal to a real estate transaction, which duty is expanded by statute and requires additional explicit actions from arkansas licensees?
In Arkansas, when acting as a principal to a real estate transaction, the duty of disclosure is expanded by statute and requires additional explicit actions from licensees.
Specifically, under Arkansas Code Annotated §17-42-312, licensees are required to disclose any known material defects related to the property. This includes defects that would not be discovered through a reasonable inspection or defects that would affect the buyer's decision to purchase the property. Additionally, licensees are required to provide a written disclosure to the buyer before the signing of the contract. Failure to disclose known material defects or provide the required written disclosure could result in disciplinary action against the licensee. Therefore, it is essential that licensees understand their duty of disclosure and take the necessary steps to fulfill their obligations when acting as a principal in a real estate transaction in Arkansas.
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) compute the cost-effective allocation of control responsibility if a total reduction of 10 units of emissions is desired, i.e. how many units of emissions will each firm reduce under a costeffective allocation? b) if the authority chose to reach its objective of 10 tons of aggregate reduction with an emission charge, what per-unit charge should be imposed? how much government revenue will the tax system generate, if the tax is levied on all units of emission?
So the cost-effective allocation of control responsibility is for firm 1 to reduce emissions by 10/3 units and for firm 2 to reduce emissions by 20/3 units.
To determine the cost-effective allocation of control responsibility, we need to allocate the emissions reductions between the two firms in a way that minimizes the total cost of reducing emissions by 10 units.
Let q1* be the optimal emissions reduction by firm 1, and q2* be the optimal emissions reduction by firm 2. We can find the optimal allocations by equating the marginal costs of reducing emissions for each firm:
MC1 = MC2
6q1* = 3q2*
We also know that the total emissions reduction must be 10 units, so:
q1* + q2* = 10
We can solve these two equations simultaneously to find the optimal allocations:
6q1* = 3q2*
q1* + q2* = 10
Multiplying the first equation by 1/3, we get: 2q1* = q2*
Substituting this into the second equation, we get: q1* + 2q1* = 10
Simplifying, 3q1* = 10
Therefore, q1* = 10/3
And q2* = 2q1* = 20/3
Hence, the cost-effective allocation of control responsibility is for firm 1 to reduce emissions by 10/3 units and for firm 2 to reduce emissions by 20/3 units.
----------The given question is incomplete, the complete question is:
"Two firms can reduce emissions of a pollutant at the following marginal costs: MC1 = $6·q1 MC2 = $3·q2, where q1 and q2 are, respectively, the amount of emissions reduced by the first and second firms. Assume that with no control at all, each firm would be emitting 20 units of emissions (for aggregate emissions of 40 tons), and assume that there are no significant transaction costs.
Compute the cost-effective allocation of control responsibility if a total reduction of 10 units of emissions is desired, i.e. how many units of emissions will each firm reduce under a cost effective allocation?"-----------
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miranda is asked by her boss to attend the supervisors' meeting in the afternoon, and to participate in a brief discussion on the flex-time schedule proposal her department is supporting. which of the following is true about miranda's preparation for this meeting? question 3 options: a) she should bring research that supports the proposal so she can read it for the supervisors during the meeting. b) she should focus on the benefits of the proposal. c) she should create an elaborate outline and distribute it at the meeting. d) she should anticipate and outline the questions and objections the supervisors will have to this proposal, so that she can address them. e) she should enter this type of situation without an outline so she has an open mind.
Regarding the specific question about Miranda's preparation for a supervisors' meeting in which she will be discussing a flex-time schedule proposal supported by her department D., she should anticipate and outline the questions and objections the supervisors will have to this proposal so that she can address them.
This answer is supported by the fact that Miranda's boss has specifically asked her to participate in a brief discussion on the proposal, which suggests that the supervisors may have questions or objections to the proposal. While it may also be helpful for Miranda to bring research that supports the proposal or focus on the benefits of the proposal, these actions alone may not be sufficient to address the questions or objections that the supervisors may have.
In conclusion, in Miranda's preparation for a supervisors' meeting, it is important to anticipate and outline the questions and objections that may arise, as this will help Miranda to address them and support the proposal. Therefore the correct option is D
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which of the following typically is not performed by top managers? a. creating a positive and ethical organizational culture b. implementing subunit policies c. monitoring the business d. developing in employees an attitude of commitment towards the organization
Top managers are responsible for setting the overall direction and strategy of an organization and for overseeing its operations. The task that is typically not performed by top managers is implementing subunit policies. Here option B is the correct answer.
Implementing subunit policies is typically the responsibility of middle or lower-level managers, who are responsible for managing specific departments or subunits within the organization. These managers are responsible for implementing the policies and procedures set by top management within their specific subunits.
On the other hand, top managers are responsible for tasks such as creating a positive and ethical organizational culture (option A), monitoring the business (option C), and developing in employees an attitude of commitment towards the organization (option D). These tasks involve setting the overall direction and values of the organization and ensuring that its operations are aligned with its goals and objectives.
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a taxpayer sold land with an adjusted basis of $60,000 to a nephew for its fair market value of $50,000. the nephew later sold the land to an unrelated party for $55,000. what is the taxpayer's recognized loss upon the sale to the nephew? what is the nephew's recognized gain or loss upon the subsequent sale?
The taxpayer's recognized loss upon the sale to the nephew is $10,000 and the nephew's recognized gain upon the subsequent sale is $5,000.
Upon the sale to the nephew, the taxpayer recorded a loss of $10,000 ($60,000 adjusted basis - $50,000 sale price).
The subsequent sale results in a gain of $5,000 for the nephew ($55,000 sale price minus $50,000 purchase price).
The basis of the property must be established before the recognised gain or loss can be calculated. The purchase price, which in this case was $50,000, serves as the basis for the nephew's ownership of the property.
When the nephew sells the property to the unrelated party, this basis is then changed. The gain or loss is then determined by deducting the property's adjusted basis from the sale price of the property.
Since the home sold for $55,000, the nephew's gain is calculated as $5,000 ($55,000 sale price - $50,000 adjusted basis).
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assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. how much consumer surplus accrues to anna and clem individually? question 13 options: $125 and $20 respectively $105 and $30 respectively $85 and $40 respectively $65 and $50 respectively
Consumer surplus accrues to Anna and Clem individually is $105 and $30 respectively. So the option B is correct.
Consumer surplus is the difference between the price a consumer is willing to pay for a good or service and the actual price of the good or service.
In this case, Anna and Clem are both willing to pay more for a weekend ski trip than the actual cost of the ski pass ($45).
Therefore, Anna's consumer surplus is the difference between the value she places on the ski trip ($150) and the cost of the ski pass ($45), which is $105.
Surplus accrues to Anna = Value of weekend Ski trip of Anna - The price of a weekend ski pass
Surplus accrues to Anna = $150 - $45
Surplus accrues to Anna = $105
Similarly, Clem's consumer surplus is the difference between the value she places on the ski trip ($75) and the cost of the ski pass ($45), which is $30.
Surplus accrues to Clem = Value of weekend Ski trip of Clem - The price of a weekend ski pass
Surplus accrues to Clem = $75 - $45
Surplus accrues to Clem = $30
So the option B is correct.
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The complete question is:
Person Value of weekend Ski trip(Dollars)
Anna 150
Brian 90
Clem 75
Dave 50
Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. How much consumer surplus accrues to Anna and Clem individually?
A. $125 and $20 respectively
B. $105 and $30 respectively
C. $85 and $40 respectively
D. $65 and $50 respectively
what would a u.s. company that manufactures the lighted signs that are used by state departments of transportation on the sides of roads, at outdoor sports arenas, for restaurant promotion, and in amusement parks use to facilitate its market segmentation and targeting if it wanted data that was readily available and usable?
If a US company that manufactures the lighted signs used by state departments of transportation on the sides of roads, at outdoor sports arenas, for restaurant promotion, and in amusement parks wants to facilitate its market segmentation and targeting, it can use demographic and geographic segmentation as well as psychographic segmentation.
Market segmentation refers to the process of dividing a market into smaller segments that are more manageable and easier to target. Companies divide customers into groups based on their similar needs, preferences, or other characteristics. As a result, companies can create more specific marketing strategies that appeal to each segment's preferences and needs.
Geographic segmentation is the process of dividing a market into smaller groups based on their geographic location. The company can segment its market based on the location of its customers. For instance, if the company focuses on customers located in rural areas, it may concentrate on promoting its products in rural areas.
Demographic segmentation involves dividing a market into smaller groups based on demographic factors like age, gender, income, education level, and occupation. It can help the company to analyze the data and develop a more targeted marketing strategy.
Psychographic segmentation involves dividing a market into smaller groups based on their psychological and behavioral characteristics. It can help companies to identify the customer's lifestyles, attitudes, and values. For example, customers who are environmentally conscious are more likely to purchase products from companies that support the environment.
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according to the employee polygraph protection act, which organization(s) cannot administer lie detector tests to job applicants?
According to the Employee Polygraph Protection Act, the organization(s) cannot administer lie detector tests to job applicants is most private companies.
The Employee Polygraph Protection Act (EPPA) is a United States law that prohibits most private companies from using polygraph (lie detector) tests during the hiring process. The EPPA also prevents employers from firing, demoting, or suspending an employee based solely on the results of a polygraph test. However, the act has a few exceptions. For instance, the following organizations exempted from the EPPA are government agencies involved in national security or defense-related activities, employers providing security services to firms involved in national security or defense-related activities, employers involved in the manufacture, distribution, or dispensing of controlled substancesIn addition.
An employer may require an employee to submit to a polygraph test if they reasonably suspect that the employee is involved in a specific incident of economic loss to the employer. The Employee Polygraph Protection Act is a United States law that prevents most private companies from using polygraph tests during the hiring process. Exceptions to the act are limited to government agencies involved in national security or defense-related activities, security service providers to firms involved in such activities, and employers involved in the manufacture, distribution, or dispensing of controlled substances. According to the Employee Polygraph Protection Act, the organization(s) cannot administer lie detector tests to job applicants is most private companies.
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Suppose an economy's real GDP is $300 million in year 1 and $309 million in year 2. What is the growth rate of its GDP between year 1 and year 2? a. 10% b. 9% c. 3% d. 6%
The growth rate of its GDP between year 1 and year 2 is 3%. The correct option is (c).
When it comes to economics, the Gross Domestic Product (GDP) is a crucial aspect. It is defined as the market value of all final goods and services produced within a country in a given period, usually a year. Inflation-adjusted GDP is also known as real GDP. When GDP rises over time, it is called economic growth.
An economy's real GDP is $300 million in year 1 and $309 million in year 2. The growth rate of its GDP between year 1 and year 2 is 3%.Option (c) 3% is the correct answer.The calculation is:Real GDP growth rate = [(Real GDP Year 2 - Real GDP Year 1) / Real GDP Year 1] × 100. Putting values into the above formula:Growth rate = [(309 - 300) / 300] x 100.Growth rate = 3%. So, the GDP growth rate of the economy is 3%.
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the average total cost of manufacturing smartphones tends to decrease as more sellers enter the industry. therefore, the long run supply curve for this industry will be: a) downward sloping b) horizontal c) relatively steep d) upward slopping
The correct answer is b) horizontal.
In a perfectly competitive market, firms can enter or exit the market easily, leading to long-run equilibrium where firms earn zero economic profit. As more firms enter the market, the total supply of smartphones increases, leading to a decrease in the price of smartphones. This decrease in price, in turn, leads to a decrease in the average total cost of production due to economies of scale. The long-run supply curve for a perfectly competitive market is horizontal at the minimum point of the average total cost curve. Therefore, the more firms that enter the industry, the flatter the long-run supply curve becomes.
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from a legal standpoint, a business combination may be structured as a merger, consolidation, or acquisition. which of the following describes, from a legal standpoint, a business combination that is structured as a merger? group of answer choices the surviving entity is one of the two combining entities. the surviving entity is neither of the two combining entities. an investor-investee relationship is established. a parent-subsidiary relationship is established.
The correct answer is: the surviving entity is one of the two combining entities.
From a legal standpoint, a business combination that is structured as a merger involves the surviving entity being one of the two combining entities.
In a merger, two or more companies combine into a single company, with one of the companies (the surviving entity) continuing to exist after the merger and the other company or companies ceasing to exist. The surviving entity assumes all the assets and liabilities of the other company or companies, and the shareholders of the other company or companies receive shares in the surviving entity.
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donut developers is planning to build a new massive complex that would require the partial acquisition of a nearby public park. greennut, an environmental group, challenges the plan citing environmental destruction. in response to the demands of greennut, donut developers promises to build a huge park-like walkway around the shopping complex. greennut is an example of a(n) in this scenario. financial public government public citizen-action public internal public media public
In response to the demands of Greennut, donut developers promise to build a huge park-like walkway around the shopping complex. Greennut is an example of an in this scenario citizen-action public.
A circumstance or scenario where a company's decision is being contested by the general public—which can include customers or any other group that significantly affects the company's marketing success—is referred to as a citizen action public.
As demonstrated in this case, where a group disagreed with the donut developers' plan and made demands that led to the company deciding to build a park-like walkway around the mall as a response to their concerns, citizen action is when a group in a community can influence a company's decision to act in a certain way.
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the following information pertains to a company at the end of the year: credit sales $ 82,000 accounts payable 12,200 accounts receivable 8,500 allowance for uncollectible accounts 1,000 credit cash sales 36,000 the company uses the percentage-of-credit-sales method and estimates 7% of sales are uncollectible. what is the ending balance of the allowance account after the year-end adjusting entry?
The ending balance of the allowance account after the year-end adjusting entry is $6,740.
To calculate the ending balance of the allowance account after the year-end adjusting entry, follow these steps:
Determine the number of uncollectible credit sales by multiplying the credit sales by the percentage of uncollectible sales.
$82,000 × 7% = $5,740.Prepare the adjusting entry to record the estimated uncollectible amount.
Debit "Bad Debt Expense" for $5,740 and credit "Allowance for Uncollectible Accounts" for $5,740.Calculate the ending balance of the allowance account by adding the current balance and the adjusting entry.
$1,000 (current balance) + $5,740 (adjusting entry) = $6,740.The ending balance of the allowance account after the year-end adjusting entry is $6,740.
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for more than one hundred years, the garza family has owned and operated a gold mine on federal land. the only access to their mining claim is across an adjoining parcel. that parcel is sold to a new owner, who fences off the parcel and padlocks the gate across the access road. the garzas would be best advised to
The Garzas would be best advised to seek an easement by necessity.
1. Consult a lawyer to review their situation and discuss possible legal remedies.
2. Gather documentation proving their ownership of the mining claim and the historical use of the access road.
3. Seek negotiation with the new owner to try to reach an agreement on access rights.
4. If unsuccessful, file a lawsuit to establish an easement by necessity, which grants them legal access to their mining claim.
5. Present evidence in court and, if granted, ensure the easement is properly recorded in the public records.
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palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2014, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $4 each, how much liability for outstanding premiums should be recorded at the end of 2014?
Liability for outstanding premiums for 675,000 boxes at cost per bowl $4 each should be recorded at the end of 2014 is equal to $3,540,000.
Number of boxes sold = 675,000
Number of boxtops redeemed = 330,000
Cost per bowl = $4 each
Number of boxtops that were expected to be redeemed based on the number of boxes sold,
Expected number of boxtops redeemed
= (60% redemption rate) x (3 boxtops per bowl) x (675,000 boxes sold)
⇒ Expected number of boxtops redeemed = 1,215,000
Actual number of boxtops redeemed = 330,000
Estimated number of boxtops that will be redeemed but have not yet been redeemed is,
Estimated number of boxtops outstanding
= Expected number of boxtops redeemed - Actual number of boxtops redeemed
= 1,215,000 - 330,000
= 885,000
Liability for outstanding premiums by multiplying the estimated number of boxtops outstanding by the cost per bowl ,
Liability for outstanding premiums
= Estimated number of boxtops outstanding x Cost per bowl
= 885,000 x $4
= $3,540,000
Therefore, the liability for outstanding premiums that should be recorded at the end of 2014 is $3,540,000.
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what is the name of the legally mandated area on every credit solicitation which provides information about the terms and conditions of the card
The legally mandated area on every credit solicitation that provides information about the terms and conditions of the card is known as the Schumer Box.
The legally mandated area on every credit solicitation that provides information about the terms and conditions of the card is known as the Schumer Box. It was introduced in 1988 after Senator Chuck Schumer proposed legislation to require credit card companies to provide more transparent information to consumers.
The Schumer Box typically includes important details such as the annual percentage rate (APR), annual fees, minimum finance charges, and other fees associated with the card. The purpose of the Schumer Box is to make it easier for consumers to compare credit card offers and make informed decisions about which card to choose.
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