Higher minimum wage is established around the idea that people should be able to purchase the essentials of life by working a forty hour work week and is called a living wage.
Option C is correct.
Living Wages:The concept of a living wage was introduced in order to provide workers in a nation with a basic standard of living. The theoretical concept of a living wage ensures that every worker can afford the essential necessities of life and maintain a comfortable standard of living. Therefore, the Living Wage is the name given to the area's higher minimum wage.
What is a "living wage"?Food, water, housing, education, healthcare, transportation, clothing, and other essential needs, as well as provision for unforeseen events, are all covered by compensation that a worker receives for a typical work week at a particular [time and] location in sufficient amounts to enable them to maintain a decent standard of living.
Question is incomplete:
many local municipalities have mandated locally higher minimum wage than the federally mandated minimum wage. such locally higher minimum wage is established around the idea that people should be able to purchase the essentials of life by working a forty hour work week and is called a(n) . select the correct answer below:
A. minimum wage
B. efficiency wage
C. living wage
D. maximum wage
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on january 1 of the current year, jambon purchased equipment for use in developing a new product. jambon uses the straight-line depreciation method. the equipment could provide benefits over a 10-year period. however, the new product development is expected to take five years, and the equipment can be used only for this project. jambon's current year expense equals
The current year expense for Jambon would equal one-fifth of the total cost of the equipment divided by 10 years, multiplied by the useful life of the equipment for the project (5 years).
Jambon's current year expense would equal one-fifth of the total cost of the equipment, or 1/10th of the total cost of the equipment multiplied by 5, since the equipment can be used for only five years. This would be the depreciation expense for the current year. The term depreciation refers to an account system used to allocate the cost of a palpable or physical asset over its useful life. Depreciation represents how important of an asset's value has been used. It allows companies to earn profit from the means they enjoy by paying for them over a certain period of time. Because companies do not have to regard for them entirely in the time the means are bought, the immediate cost of power is significantly reduced. Not counting for depreciation can greatly affect a company's gains. Companies can also cheapen long- term means for both duty and account purposes.
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In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____.symposiumorganizationcadrecohort
In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) organization.
What is meant by organization?The phrase "business organization" refers to how businesses are set up and how that arrangement enables them to achieve their objectives. Businesses are typically built to prioritize making a profit or advancing society. A company is referred to as a for-profit corporation if its primary goal is making money. An organization is a collection of two or more people who coordinate their use of resources to achieve a single, overarching objective. You can complete your work more efficiently and with less expense by planning ahead and organizing. You can be more effective and productive by planning ahead and organizing your work. You can accomplish significant goals and objectives by being well-organized and making smart preparations.To learn more about organization refer to:
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Which of the following relationships satisfies the established business relationship exemption to the National Do Not Call Registry?
The customer listed a property with you about ten months ago, as stated in the document.
Option A is correct.
What is a business?A business is an entity or entrepreneurial entity that engages in financial, industrial, or business life. Only for-profit corporations or charitable organizations qualify as businesses. There are many different kinds of businesses, including sole proprietorships, corporations, partnerships, and limited liability companies.
Why does business matter?There are jobs in the business sector. It creates job opportunities for a significant number of people in every nation. A wide range of workers are needed in the company for managerial and technical positions. The nation's employment issues are being addressed by the expansion of trade and industry.
Incomplete question :
Which of the following relationships satisfies the established business relationship exemption to the National Do Not Call Registry?
A.A consumer that lists property with you 10 months ago
B.A consumer that lists property with you 17 months ago
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the hawthorne effect focuses on the fact that all people in an organization are affected by at least one other person, and each person affects the whole group or organization. T/F
FALSE: The hawthorne effect emphasizes that every individual in an organization is impacted by at atleast one other individual, and that each individual has an impact on the entire group or organization.
Define the term hawthorne effect?This Hawthorne Effect is a term used to explain a shift in a person's conduct brought on by their understanding of being watched.
According to the impact, employees frequently adjust their conduct at work in reaction to the they receive by their manager.The Chicago suburb of Hawthorne (now known as Cicero), where industrial trials were conducted in the 1920s and the 1930s, is where the Hawthorne Effect got its name.The study included a number of productivity tests that looked at how employee output was affected by variations in lighting and workplace arrangements including break periods and working hours.Thus, the hawthorne effect emphasizes that every individual in an organization is impacted by at atleast one other individual, and that each individual has an impact on the entire group or organization is a in correct statement.
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according to force-field analysis, what is the final thing you recommend donahoe do to ensure the change accomplishes what was intended? justify the need for the change. allocate blame for the forces that led to the need for change. reinforce and support the change, also called refreezing.
Refreezing is another term for reinforcing and supporting the change.The final step, refreezing, is intended to maintain the change you've made.
The goal is for those involved to accept this new state as the new status quo, so that they no longer oppose forces attempting to implement the change. The new state transforms the group norms, activities, strategies, and processes. The previously dominant behavior tends to reassert itself if appropriate steps to sustain and reinforce the change are not taken. To implement and freeze these new changes, you'll need to consider both formal and informal mechanisms. Consider one or more steps or actions that are strong enough to counteract the cumulative effect of all resistive forces to the change—these stronger steps help ensure that the new change is implemented.to strengthen with some added piece, support, or material: to reinforce a wall. to strengthen (a military force) with additional personnel, ships, or aircraft: to reinforce a garrison. to strengthen; make more forcible or effective: to reinforce efforts.
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Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Every day!®" Dollar General will be more effective if it has a mechanistic structure. Which of the following reasons explain this? Check all that apply.
A)Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
B)Narrow spans of management ensure that employees operate efficiently.
C)Short chains of command ensure that the company will operate most effectively in a turbulent environment.
D)Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
If Dollar General has a mechanistic structure, it will be more successful. Short management horizons guarantee effective operation of the workforce.
Effective management structures can increase business productivity, foster staff morale, and promote company efficiency. A tight span of control is one strategy that a company may decide to use to enhance the effectiveness of their management approach. Using this structural style in corporate operations has many benefits, but it might not be the optimal management method for many companies.
A management style known as "limited span of control" involves managing just a few personnel. The number of workers who report to a supervisor in a corporation is referred to as the span of control. Wide spans of control, in which several employees rather than a small number report to a single boss, are the reverse of narrow spans of control.
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Which of the following facts concerning plant assets should be included in the summary of significant accounting policies?
Depreciation method should be included in the summary of significant accounting policies while concerning plant assests. And composition will not be considered.
During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Despite being frequently referred to as a "depreciation policy," the real depreciation process is an accounting estimate. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead than collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.
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3 . problems and applications q1 indicate what components of gdp (if any) each of the following transactions would affect. check all that apply. transaction consumption investment government purchases net exports dell sells a desktop computer from its inventory to the johnson family. you buy a new toshiba computer. aunt polly buys a new air conditioner from a domestic manufacturer. uncle john receives a check from the federal government for unemployment insurance benefits. texas hires public middle school teachers. ford manufactures a focus and sells it to avis, the car rental company. your parents pay an accountant to file their tax returns. aunt jane buys a new house from a local builder.
Components of gdp indicate aunt polly buys a new air conditioner from a domestic manufacturer.
What is gdp ?The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports).Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.To learn more about gdp refer to:
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Components of gdp indicate aunt polly buys a new air conditioner from a domestic manufacturer.
What is gdp ?
The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports). Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period.
This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
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When a corporation is formed, it is granted which of the following rights ?
a. corporate life of up to 100 year
b. the ability to issue stock
c. legal powers to sue
d. state citizenship for jurisdictional purposes
When a corporation is formed, the ability to issue stock is a granted right.
What is a corporation?
A firm is a legal entity distinct from its stockholders. Businesses have a lot of the same legal responsibilities and rights as humans. They can form contracts, make and obtain credit, sue and just be sued, hire employees, possess assets, and pay taxes.
A company is also known as a "legal person" at times.
Corporations account for the vast majority of big enterprises. Some businesses operate equally with their own names or under distinct trade names, such as the well-known Inc., which is best recognised for operating some of the world's most prominent search engines.
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Most government entities share their compensation structure publicly. They use a job classification plan where pay rates are based on compensable factors such as knowledge and skills similar to the federal government’s General Schedule (GS) system.Jobs are grouped into seven classifications, ranging from Grade 1 through Grade 7. Over time, employees receive pay increases according to length of service (Steps 1–4), and progression through the steps assumes a minimum of acceptable performance.Below is an example of a city’s waiting period within steps and published job structure: Waiting Step 1 to 2: One year Step 2 to 3: One year Step 3 to 4: Two years Period and six monthsGrade Step 1 Step 2 Step 3 Step 41 31200 32240 33280 343202 35360 36400 37440 384803 39520 40560 41600 426404 43680 44720 45760 468005 47840 48880 49920 509606 52000 53040 54080 540807 56160 57200 58240 592801. Using the schedule above, calculate the number of years it would take an employee to advance from their starting position in Grade 4 (Step 1) to Step 4 if they demonstrate acceptable performance.
2. Another employee asked what their salary would likely be after completing two additional years of service. This employee just entered their first year in Grade 4 (Step 2). If they were to demonstrate acceptable performance, what would their expected salary be after completing two additional years of service?
3. All pay rates typically increase each year based on changes in the consumer price index. Calculate the salary for each step in Grade 7 based on an overall 3% increase.
1. It would take an employee three years to advance from their starting position in Grade 4 (Step 1) to Step 4 if they demonstrate acceptable performance according to GS system.
The General Schedule (GS) system is a pay scale used by the federal government to determine pay rates for federal employees. The GS system is based on a 15-grade structure, with each grade representing a different level of responsibility and pay. The GS system is divided into 10 steps within each grade, with each step representing a pay increase. The GS system also includes locality pay, which is an additional pay adjustment based on the cost of living in a particular area. The GS system is used to determine pay rates for all federal employees, including those in the executive, legislative, and judicial branches of government.
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Which of the following ultimately determines which SQL Server 2012 edition is most suited for a particular application?
A) business requirements
B) application version
C) product cost
D) system requirements
business requirements ultimately determines which SQL Server 2012 edition is most suited for a particular application.
The actions and endeavours of a person engaged in the business of creating or providing goods or services with the intention of doing so for profit are likewise considered to be business. The sole proprietorship, partnership, corporation, and S corporation are the four types of businesses that are most prevalent. They establish a culture where the emphasis is on the needs of their clients, and they structure their operations, goods, and services around those demands. Definition in business. The term "business" designates an innovative person, group, or organisation that engages in commercial activity. They could be business-related, industrial, or something else. An economy is supported by its businesses. Both individuals and other businesses can acquire the goods and services they offer. Enterprises of diverse sizes and in a wide variety of industries operate.
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Ace Electronics had the following increases in the cash account during the month: $20,000 from owners for stock; $5,000 from sales to customers; and $15,000 borrowed from River Bank. Ace's revenue for the month was _____.
a. $5,000
b. 40,000
c. 25,000
d. 35,000
e. 20,000
f. 15,000
Ace made $5,000 in sales during the month.
What are the advantages of Ace revenue affiliates?
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comparing the most developed nations with less developed nations, one could conclude that the foundation of the economic system of most developed nations is:
Comparing the most developed nations with less developed nations, one could conclude that the foundation of the economic system of most developed nations is capitalism.
Research shows that developed nations around the world have largely adopted capitalism as the bedrock of their economy.
This comparison between the most developed countries and those that are less developed gives us a clear indication of the importance of capitalism in driving economic growth.
Capitalism has facilitated the tremendous growth in income and wealth in the most developed countries, allowing them to enjoy the highest standards of living in the world.
In contrast, those countries with less developed economies remain stuck in a cycle of poverty, unable to make the necessary economic advancements to reach the same level of prosperity.
Clearly, capitalism is a powerful force in creating economic stability and prosperity.
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a(n) _____ is when a company might seek new businesses to purchase that have no relationship to its current technology, products, or markets.
A conglomerate strategy occurs when a firm seeks to acquire new businesses that have no relevance to its present technology, products, or markets. Hence, the correct answer is the conglomerate strategy.
What exactly is a conglomerate strategy?Diversification of a conglomerate entails the addition of new goods or services that are considerably unconnected and have no technological or commercial similarities.
Conglomerate diversification is the riskiest of the three types of diversification approaches. Diversification of a conglomerate requires the firm to enter a new market and sell products or services to a new consumer base. A company's research and development and advertising expenses rise. Furthermore, the likelihood of failure in a conglomerate diversification plan is substantially higher.
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in the preparation of consolidated financial statements, which of the following sources of transactions should be eliminated? transactions with affiliates transactions with non-affiliates
In the preparation of consolidated financial statements, Transactions with affiliates sources of transactions should be eliminated .
What do affiliates mean in the law?
Various regulations pertaining to securities, business transactions, and the capital market define the term "affiliate." Affiliates are businesses that own a minority stake.
Any proposed merger or consolidation with, the acquisition of a stake in, or the acquisition of assets from an Affiliate—all of these are considered Affiliated Transactions—must be done outside the normal course of business.
What kind of affiliate would that be?
Selling someone else's product online in exchange for a commission is known as affiliate marketing. An established business or entrepreneur might, for instance, have a product or a library of products that can be digital or physical.
They give people the opportunity to market and sell such goods while paying a commission each time anything is sold.
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visualization 1 shows historical revenues over the past 3 years for each quarter. is this information more likely to be related to financial or managerial accounting?multiple choice 1financialmanagerialneithervisualization 2 shows a forecast of revenues and expenditures for the coming fiscal year. forecasted revenues and expenditures have been separated by segment. the black horizontal line represents forecasted expenditures while the vertical colored bars represent forecasted revenues. is this information more likely to be related to financial or managerial accounting?multiple choice 2financialmanagerialneithervisualization 2 shows a forecast of revenues and expenditures for the coming fiscal year (2021). forecasted revenues and expenditures have been separated based on segment. the black horizontal line represents forecasted expenditures while the vertical colored bars represent forecasted revenues. based on the data displayed in the visualization, which of the three segments appears to have the highest profit margin in the month of july?multiple choice 3artfilmmusicvisualization 3 shows a pie chart consisting of all the operating expenses incurred during the fiscal year. pie charts make it easy to determine size proportions giving managers a quick view of the types of things that are costing them the most money. based on the pie chart, which category of expenses constitutes the largest expense for alchemy entertainment?multiple choice 4legal expensessg
Managerial is this information more likely to be related to financial or managerial accounting.
Who will most likely use the data from management accounting?
Managers, investors, accountants, and executives are the main users of management accounting data. Managers: One of the main consumers of management accounting data is managers. They utilize this data to influence decisions about pricing and marketing that will have an effect on their business. Using historical data, managerial accounting makes company projections. Making managerial choices requires the use of management accounting information. It also aids in predicting the state of the economy. intermediate management.
A area of accounting called managerial accounting, commonly referred to as cost accounting or management accounting, is concerned with the identification, measurement, analysis.
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Glenn exhibits challenge-oriented citizenship behavior when he
volunteers to help flood victims in the community.
suggests that the company could save money by not giving such big bonuses to executives.
challenges a coworker to compete with him in terms of job performance.
asks a coworker to help him with a rush project.
Glenn exhibits challenge-oriented citizenship behavior when he suggests that the company could save money by not giving such big bonuses to executives.
What is appropriate civic conduct?
Tell the truth with integrity. Integrity means to uphold moral principles. Responsibility means taking ownership of your own actions. Respect means treating people the way you want to be treated. Organizational citizenship conduct can be categorised into five categories: civic virtue, courtesies, sportsmanship, conscientiousness, and altruism.
Which behavioural kinds in organisational behaviour are there?
Organisational behaviour is composed of these components: people, structure, technology, and the outside environment. It is possible to make improvements by comprehending how these components interact.
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In defining a reporting period, which of the following statements is (are) correct? (Check all that apply.)
Multiple select question.
A reporting period is used to determine the due date of payables.
A reporting period can be one month, one quarter or one year.
A reporting period is determined by the business.
A one-year reporting period is known as the fiscal year.
A reporting period refers to each day in the calendar year.
In defining a reporting period, the following statements is (are) correct: B,C and D. A reporting period can be one month, one quarter or one year, A reporting period is determined by the business and A one-year reporting period is known as the fiscal year.
The time frame for which a business reports its financial performance and financial situation is known as a reporting period.A business has the option of using a 12-month fiscal year or the customary 12-month calendar year.The last day of the final month of a reporting period is referred to as the reporting period end date.A reporting or accounting period frequently lasts for a full year. For various company responsibilities, there could be numerous accounting periods.Using a calendar year reporting period this counts from 1st January to 31st December
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diaz inc was started on january 1, 2020, and experienced the following events during its first year of operation. 1. borrowed $120,000 cash from national bank. 2. acquired $90,000 cash from the issue of common stock. 3. earned $144,000 of cash revenues for performing services. 4. paid 135,000$ of cash expenses. 5 paid $30,000 cash to reduce the principal balance of the bank note payable 6 acquired an additional $60,000 cash from the issue of common stock. 7 paid $159,000 cash to purchase land. 8 paid a $3,000 cash dividend to the stockholders. 9 determined that the market value of the land is $225,000
A balance sheet is a company's financial statement that includes assets, liabilities, equity capital, total debt, and so on at a given point in time. On one side of the balance sheet are assets, and on the other are liabilities.
What is Income statement?
One of the three major financial statements that reports a company's financial performance over a specific accounting period is the income statement.
Balance Sheet Income statement
Assets liabilities Stockholders Equity
1. $32,000 $32,000 $32,000FA
2. $44,000 $44,000 $44,000FA
3. $60,000 $60,000 $60,000 $60,000 $60,000OA
4. -$51,000 -$51,000 $51,000 -$51,000 -$51,000OA
5. -$2,200 -$2,200 -$2,200FA
6. $32,000 $32,000 $32,000FA
7. -$11,000 -$11,000 -$11,000FA
8. -$49,000 $49,000 -$49,000IA
9.Total
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using the information provided in the given table, determine how much monthly income would be necessary to budget for health insurance over the 99-month academic year. round your answer to the nearest cent, if necessary.
$3562.44 of monthly income you would be necessary to budget for health insurance over the 9-month academic year.
What is monthly income?Most professionals would benefit from understanding the financial concept of gross monthly income. While you can anticipate seeing this amount on your pay stubs, you can also do the math on your own. Regardless of whether you earn a salary, are paid hourly, or have a contract, knowing your gross income and how to calculate it can benefit you both professionally and personally. This is because it's necessary for tasks like figuring out your earnings and getting a loan or credit.
Total expenses for 9 moths college period
= $17828 + $ 8009 + $1969 +$698 + $1817 + $1573 + $168
= $ 32062
So monthly expenses
= 32062 ÷ 9
= $3562.44
Thus, $3562.44 of monthly income you would be necessary to budget for health insurance over the 9-month academic year.
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Complete question:
what is the best type of marketing research? 1. many marketing researchers have their favorite research approaches or techniques, although different researchers often have different preferences. some researchers maintain that the only way to really learn about consumers or brands is through in-depth, qualitative research. authors contend that the only legitimate and defensible form of marketing research involves quantitative measures. 2. take a position: marketing research should be quantitative versus marketing research should be qualitative. submit in presentation form. speaker note
The most effective marketing research is qualitative. The determination of consumer motivation through close observation and face-to-face interaction is a component of qualitative market research.
What is the most Effective Marketing Research?People observation is one of the oldest but most effective methods of consumer research. A specialist skill that aids in determining how an individual behaves and interacts in normal circumstances is the ability to observe the behavior of others in the business.
The majority of businesses employ one or more of the following five fundamental methods when conducting market research: field trials, personal interviews, focus groups, surveys, and focus groups. The methods you choose for your business will be determined by the kind of data you require and the amount of money you are willing to spend.
The most common approaches include:
Participant and observer observations.Surveys.Interviews.Group discussionsExperiments.Archival research and analysis of secondary dataThe most important parts of a marketing research report include all of these.
Research on products.Investigating distribution.Research on advertising and promotionResearch on sales, including policies and methods.To know more about Surveys, visit:
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L4.1.2 Quiz: The Global Economy
Question 9 of 10
One major negative effect of globalization has been:
A. fewer jobs in the shipping and packaging industries.
B. less investment in communication technologies.
OC. more military conflicts between powerful nations.
D. environmental damage due to increased production.
SURMIT
D. Environmental damage due to increased production.
For example - Clear cutting
A poor example of globalization between humans and the environment is clear cutting. The removal of all the trees in a specific region is known as clear cutting. Some animals lose their habitats due to clear cutting, putting them in danger of going extinct.
Therefore, clear-cutting has a detrimental effect on globalization, both for the environment and for people.
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Sox for All is a global nonprofit organization that works with schools and various companies to donate socks and shoes to poor children throughout the world. Sox for All is an example of a O conglomerate. O philanthropic corporation. O multinational organization. O multinational corporation. O foreign firm.
Sox for All is a global nonprofit organization that works with schools and various companies to donate socks and shoes to poor children throughout the world. Sox for All is an example of a philanthropic corporation.
The act of a company or organisation supporting the wellbeing of others, typically via philanthropic gifts of money or time, is known as corporate philanthropy.
Matching gifts and volunteer grants are two examples of corporate philanthropy that are often used.
Corporate sponsorship is a common kind of philanthropic activity in which businesses assist charitable or community groups financially in order to advance their own objectives.
Disney donated $294 million to charity in 2021 to help underserved areas, environmental causes, and disadvantaged kids and families.
In contrast to corporate philanthropy, which aims to address social change by allocating time, money, and other resources, CSR goes a step further by intentionally integrating charitable initiatives with company goals.
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If Sox for All is a global nonprofit organization that works with schools and various companies to donate socks and shoes to poor children throughout the world, then it is an example of a philanthropic corporation. Therefore, the option B holds true.
There are different types of corporations that work towards their distinctive goals. The primary intention and nature of operations is what defines the type of corporation. Moreover, the corporations that work towards philanthropy are the one that are nonprofit organizations.
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devonte is following the process for managing his career readiness. first, he identified the competencies he wanted to develop, then he considered how content in his textbook relates to his targeted competencies. next, devonte should
multiple choice
a. experiment with implementing a few small steps aimed at developing his targeted competencies b. evaluate the results of his experimental small steps c. determine which competencies are easiest to model for others, d. assess his willingness to change his career readiness.
As Devonte is following the process for managing his career readiness, next, Denote should determine which competencies are easiest to model for others. Option c.
Devonte should focus on the competencies that are easier to model for others. This is an important step in his career readiness process, as it helps him to identify the skills and abilities he has that can be developed and honed in order to help him succeed in his chosen career. Hence, option c is correct.
Knowing which competencies are easier to demonstrate to employers and colleagues provides Denote with an advantage when applying for jobs and interviews.
He can use this knowledge to focus on these specific competencies and build up his portfolio of skills.
Additionally, Devonte can use this knowledge to target specific job roles which call for these specific competencies.
By doing so, he can tailor his applications and interviews to best showcase his knowledge and skill set.
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Determine whether each of the following statements is best explained by coincidence, an omitted variable, or reverse causation.a. In cities that have more police, crime rates are higher: [(Click to select)b. Many retired people live in states where everyone uses air conditioning during thesummer: (Click to select)c. More people come down with the flu during the Winter Olympics than during theSummer Olympics: (Click to select)d. For the last five years, Punxsutawney Phil has seen his shadow on Groundhog Day,and spring has come late: (Click to select)
There is no obvious or statistical relationship between the first statement—reerse causation—the second statement—omitted ariable, the third statement—omitted ariable, and the fourth statement—omitted ariable.
What is an example of an omitted variable?Example: Omitted element Let's look at the example of how education affects earnings once again. Education is the independent variable here. Salary, however, is also probably tied to competence, which you previously chose to ignore.
a). Crime rates are greater in cities with more police: Reverse Causation is the observation that more police are actually hired in some places because of their greater crime rates.
b). A lot of retirees reside in places where everyone turns on their air conditioners in the summer: It is only a coincidence that when the weather gets too heated during the summer in such states, the residents use air conditioning. However, retired individuals could want to live in places with substantially warmer climatic conditions. This is an unaccounted-for variable.
c).During the Winter Olympics, more persons contract the flu than it was in the Rio Olympics: a variable that has been left out because the statement may not have emphasized any potential statistical or biological link between the spread of the flu virus and the winter months.
d). Punxsutawney Phil has also seen his silhouette on Groundhog Day for the past five years, and each year spring has arrived later than expected. However, Groundhog Day is merely a custom, and there isn't any logical or statistical relationship between it groundhog seeing its shadow on a given day and the potential arrival of spring.
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The complete question is-
Determine whether each of the following statements is best explained by correlation without causation, an omitted variable, or reverse causation.
a). In cities that have more police, crime rates are higher: (Click to select)An omitted variableCorrelation without causationReverse causation.
b). Many retired people live in states where everyone uses air conditioning during the summer: (Click to select)An omitted variableReverse causationCorrelation without causation.
c). More people come down with the flu during the Winter Olympics than during the Summer Olympics: (Click to select)Correlation without causationReverse causationAn omitted variable.
d). For the last five years, Punxsutawney Phil has seen his shadow on Groundhog Day, and spring has come late:
A company with $60,000 in current assets and $40,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital willa. both decrease.b. both increase.c. increase and remain the same, respectively.d. remain the same and decrease, respectively
the current ratio and working capital will Increase and remain the same respectively at current assets of $60,000.
given data:
current assets = $60,000
current liabilities = $40,000
current liability pays = $1,000
Current ratio = Current assets ÷ Current liabilities
Current ratio = $60,000 ÷ $40,000
Current ratio = 1.5
Working capital is computed as;
= Current asset - Current liabilities
= $60,000 - $40,000
= $20,000
Another name for current assets is current accounts. A current asset is any asset that, under normal business conditions, may be reasonably expected to be sold, used, or expended during the current fiscal year, operational cycle, or financial year. Any resource or thing that a company possesses and has a monetary worth is referred to as an asset. Short-term investments and accounts receivable are examples of current assets that can be converted into cash within a year.
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TRUE OR FALSE empirical research shows that firms that are committed to values and ethical principles are significantly less profitable over the long run than those committed to the pursuit of profit.
False, According to empirical study, businesses that are dedicated to upholding moral standards and ideals are much less profitable in the long term than those that are.
Profits are determined by the amount of money left over after expenses, therefore profitable enterprises or dealings generate revenue. Profitable endeavours include a crowded restaurant, a concert with a full house, and a best-selling book. Any endeavour or activity with the potential to produce money can be said to be lucrative, which simply means profitable. An investment or business endeavour is deemed profitable if it generates a sizable amount of wealth. If a company is making enough money to pay all of its bills and realize its full potential, then it is truly profitable. A company needs to generate enough revenue to keep its doors open while also carefully managing its costs and pricing in order to become profitable.
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describe at least three sources to seek export advice for u.s. products. please provide comments to at least two other classmates contribution and show links in these posts where they can go to get more info.
The 3 sources to seek export advice for US products are -
The Small Business Administration (SBA)The International Trade Administration (ITA)The U.S. Commercial ServiceThe 3 sources to seek export advice for US products are
The Small Business Administration (SBA) offers a variety of resources for small businesses looking to export their products. The SBA's website provides information on export counseling, market research, and financing options, as well as access to a network of Small Business Development Centers that provide export assistance.The International Trade Administration (ITA) is a division of the U.S. Department of Commerce that provides a wide range of services to U.S. businesses looking to export. The ITA's website offers market research reports, trade leads, and a directory of foreign importers, as well as information on trade agreements and export compliance.The U.S. Commercial Service is a division of the ITA that provides a variety of services to help U.S. companies export their products, including counseling, market research, and trade promotion. The U.S. Commercial Service also operates a network of overseas offices that can provide on-the-ground assistance to U.S. businesses looking to export to specific markets.Know more about the sources responsible to seek export advice for US - https://brainly.com/question/14400590
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a. a decline in the discount rate prompts commercial banks to borrow an additional $5 billion from the federal reserve banks. show the new balance sheet numbers in column 1 of each table.
The balance sheets of Federal Reserve Banks show an increase in assets, liabilities, and net worth as commercial bank loans increase from $3 billion to $4 billion and commercial bank reserves change.
When the Federal Reserve Banks buy government bonds from commercial banks, they increase the banking system's reserves, which increases commercial banks' lending ability. When the Federal Reserve lowers the reserve ratio, banks are required to hold less cash in reserves, allowing them to make more loans to consumers and businesses. This expands the economy and increases the nation's money supply. The Fed could either buy bonds, lower the reserve requirement ratio, or lower the discount rate to increase the money supply. Lowering reserve requirements allows banks to lend more money, increasing the overall supply of money in the economy.
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FILL IN THE BLANK ________ earned the highest amount of income among the factors of production in the United States.
Labor earned the highest amount of income among the factors of production in the United States.
Production
Production is the process of combining various inputs, both tangible (metals, wood, glass, plastics, etc.) and intangible (plans, knowledge, etc.) to produce outputs. Ideally, this output is a product or service that has value and contributes to an individual's benefit. The area of economics that focuses on production is called production theory and is closely related to consumption (or consumption) theory of economics.
In economics, a factor of production, resource, or input is what is used in a production process to produce a product, ie goods or services. The amounts of various inputs used determine the amount of output according to a relationship known as the production function. There are four basic resources or factors of production: land, labor, capital, and entrepreneurs (or firms). Factors are also called "producer goods or services" to distinguish them from the goods or services that consumers purchase, which are often called "consumer goods".
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