question 1 in which stage of the data life cycle does a business decide what kind of data it needs, how the data will be managed, and who will be responsible for it?

The Board of directors ultimately owns Johnson company.

This is because a board of directors (BoD) is the governing body of a company, elected by shareholders, who then further appoints the managers etc. for the company.

What is relationship between Board of Director and CEO?

Both board of directors (BoD) and CEOs make important and high level decisions.

Even a strong CEO cannot genuinely succeed alone. Having a positive relationship with the board is crucial because CEOs receive guidance from the board and provide feedback. Although board of directors (BoD) members are busy, it might be worthwhile to meet candidates for the position of CEO.

The CEO of a firm is in charge and has the final say when it comes to management decisions. Nevertheless, the board of directors(BoD), which stands in for the owners and stockholders, is the CEO's superior. The board of directors (BoD) manages the business and sets long-term objectives. It has the authority to oust the CEO and choose a successor.

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Valid test refers to how directly a system measures what it's intended to measure. However, that means it produces results that correspond to real parcels, characteristics, If exploration has high validity.

Validity is the most important issue in opting a test. Validity refers to what characteristic the test measures and how well the test measures that characteristic.

Validity tells you if the characteristic being measured by a test is related to job qualifications and conditions.

Validity gives meaning to the test scores. Validity substantiation indicates that there's relation between test performance and job-performance

Validity also describes the degree to which you can make specific conclusions or prognostications about people grounded on their test scores

a valid test can be conducted on basis of:

Validity substantiation

Job similarity

Fairness substantiation

Other significant variables

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Shimray is convinced that he can predict a job applicant's future performance better through a 5-minute meeting than through evaluating pre-employment test scores or reference checks. Shimray is using intuition as a basis of making his hiring decisions.

Pre-employment screening involves gathering all of the information required to make an amazing rent. This includes figuring out applicants that meet predetermined job qualifications and verifying the statistics they offer. The pre-employment screening manner spans from application evaluation to the very last hiring selection.

A pre-screening interview, or pre-employment screening, is a series of questions that lets you learn some fundamental qualification statistics approximately candidates, prior to conducting a greater substantial interview.

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Therefore, we would expect Bayer's demand for aspirin to be more price elastic. It is because price elasticity of demand is the responsiveness of quantity demand.

Demand is the amount of goods and services that consumers are willing and able to buy to meet their needs at various price levels and at certain times in the market. Usually, the high demand will affect the price. Conversely, low demand will also make prices lower. The law of demand is a law that explains the existence of a negative relationship between the price level and the quantity of goods demanded. If the price increases, the quantity demanded will decrease, and if the price is low, the quantity demanded will increase. The law of demand is not absolute but has absolute properties under conditions of ceteris paribus (other factors are considered constant).

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A decrease in government spending and an open market sale of government securities is designed to decrease inflation.

In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.

A fiscal policy must include both government revenue and expenditures. To boost revenue or control spending effectively, the government can alter tax rates. When the demand exceeds the supply, an inflationary gap results. There are two ways the government can approach this.

One is to cut back on transfer payments and overall government spending. Two, raising tax rates causes a decline in consumer demand and the money supply in the economy.

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Any agreement reached by two parties, whether in writing or verbally, may be upheld in court. A signed document is crucial because it demonstrates that both parties agreed to the same terms and serves as evidence that an agreement actually exists.

Both parties adhere to the terms of a documented agreement to sell timber rights. The seller changes their mind after six months and wishes to retrieve the rights under Regulation Z. How likely is it that the seller will be successful?

Solution: If the seller feels he was taken advantage of, slightly.

A real estate contract must include a legal purpose, legally capable parties, agreement by offer and acceptance, consideration, and consent in order to be deemed valid.

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Answer Slight, if the the seller feels like he was taken advantage of.

Good, because Regulation Z requires the contract be in writing.

Nonexistent, since this contract has nothing to do with a violation or, or compliance with, Regulation Z.

Excellent, because landowners are not allowed to sell timber rights under Regulation Z.:

a

Explanation:

The point at which there are no losses or gains for your small business is known as the break-even point. This point is reached when total costs and revenue are equal.

To put it another way, you have reached the point where a product's revenues and costs of production are equal.

The break-even point in accounting is determined by dividing the price per unit by the fixed costs of production minus the variable costs of production. The point at which a product's production costs and revenues are equal is known as the break-even point.

Fixed Costs = $10,000

Price =  $60

Variable Costs = $20

$10000 ÷ ($60 - $20)

= $10000 ÷ ($40)

= $240

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The industry is undergoing great change due to new data and technology sources.

New data sources can boost operational effectiveness. Interactions with consumers and their insightful feedback enable the firm to gather a wealth of priceless customer data. Analytics can then uncover significant trends in the data to produce products that are unique to the customer. The data tools can automate repetitive processes and tasks to provide employees more time to work on activities demanding cognitive skills.

More information is now available than ever on customers, their habits, and their preferences thanks to the development of the internet, smartphones, and data collection methods. These behavioural data sources are utilized and their worth is unlocked by tech-driven market research. Now, businesses can get around the fundamental problems with market research thanks to the mix of new data sources and data science methodologies in tech-driven market research.

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The answer will be False

You are required to keep confidential all information regarding the affairs of your client that you learn during the course of the retainer. This obligation survives the end of the retainer.

As well, these confidentiality obligations are imputed to other members of your firm. The Supreme Court of Canada has held that it is not only the individual lawyer but also the firm as a whole that owes the fiduciary duty of confidentiality to the client.29

Neither you nor the lawyers in your firm may use confidential information against a former client of the firm. Lawyer moves to a new firm – When a lawyer changes law firms, the lawyer will be assumed to be sharing confidential information about past clients with members of the new firm unless adequate screening measures are in place to show that confidential information is not being disclosed.

Confidentiality requirements are the reason law firms create complex conflicts of interest machinery.

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This scenario best illustrates the use of chronemics.

The use of time in nonverbal communication is investigated in the field of chronemics. Interpersonal interactions, patience, and punctuality are all components of time perception. The way we use our time can have an impact on our daily routines, speech and movement rates, as well as how long we are willing to listen.

Chronemics is a potent communication tool that aids in reaching the planned goals through time management, planning, and utilization. This includes being on time, making good use of waiting time, and speaking at the right rate.

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The option is true, as when the price of grape juice decreases and the price of orange juice remains unchanged the demand for orange juice will fall.

What could cause the price of orange juice to increase?

Orange juice has already been subject to increasing prices since earlier this year, when a pandemic-induced increase in demand for vitamin C products ran into decreased orange supplies from a poor harvest, most recent updates. Due to a projected dramatic decline in Florida's orange juice supply as a result of a fungus illness, orange juice prices have already increased this year. The majority of the sugarcane grown in the United States is also grown in Florida, but the crops are closer to the west of the storm's course.

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The for-profit or non-profit status of the copyright holder is not a factor that is specified in the US copyright law for determining fair use.

Copyright is described as a means of protecting intellectual property. It is important to mention that the original author of intellectual property only has the right to the work.

Under the US copyright law, the nature and the purpose of the users take more prominence. If the copyrighted material is used only for educational purposes and not for profit, then such usage is allowed by copyright law. However, if the usage is for profit, then such usage is not allowed or permitted by law.

It can be concluded that the for-profit or non-profit status of the copyright holder is not a factor that is specified in the US copyright law for determining fair use.

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Answer:

Mobile banking is the act of making financial transactions on a mobile device.

Explanation:

This activity can be as simple as a bank sending fraud or usage activity to a client's cell phone or as complex as a client paying bills or sending money abroad.

A currency crisis is described as a speculative assault on a currency's foreign exchange value that causes a severe depreciation or compels the government to sell foreign exchange reserves and hike interest rates at home to defend the currency. included in 2013's The Evidence and Impact of Financial Globalization.

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Incubation is the period of the creative process is marc experiencing

A workspace called a business incubator was developed to provide startups and emerging businesses with access to the tools they require all under one roof. The incubation process enables company owners to protect their cash and obtain outside assistance to hasten the growth of their enterprises. The Enterprise Center recognizes each entrepreneur's individuality via company incubation and provides assistance and specialized services to enhance each business' potential. An incubator is a business that helps entrepreneurs grow and succeed faster by providing them with resources, services, and networking opportunities. They are crucial in supporting startups and entrepreneurs.

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On the following quality aspects, the Dittenhoefers compete: Performance, Reliability, Durability, Aesthetics, Perceptions.

       Dittenhoefer's performance has been inadequate ever since the

       advent of the new polymer-coating machinery.

       Service to Customers-

       By failing to keep up with performance, customer service isn't

       helping the problem.

       They are not promptly giving their clients the information they  

       require, and they are not monitoring their orders to make sure their

       clients are happy.

       equipment, the organization had a stellar reputation for

       dependability. More errors are now being shipped with the goods.

       Customer service – They are disappointing their clients by having all

       of these problems.

       Orders are lost due to wrong pricing.

       A change in the delivery date was not communicated to the

       customers.

       questions. As long as the product continues to be enjoyable,

       durability won't be a problem.

       Customer service – Their longevity has nothing to do with the client        

       service they provide.

        The new machine has added problems, yet aesthetics have been

        preserved despite this. For Dittenhoefer's Fine China, this is

        perhaps one of the most important factors. The firm bought the new

        machinery so they could expand their current range of goods to

        include a new aesthetic product.

        Customer service –        

        Customer service has little discernible influence, good or bad, on

        how appealing a product is to consumers.

       The way people view a firm may make or ruin it.

       even when the product itself is top-notch.

       The company has a good reputation, but if product problems

       continue, it might lose some of it.

       Customer service – Regardless of how wonderful a product is, it will

       start to have a bad reputation if the customer service is poor.

       People will start to associate the quality of the product with the

       degree of service they get.

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The truth that we have here about the conventional distribution channels is that  Channel members seek to maximize their own profits.

This is the term that is used to refer to the chain of distribution that we are used to as the most common way of distribution.

That is, this is the chain that has to do with the producers, the wholesales, the retailers and all that would make up the distribution process in all of the ways that they are able to act independently.

It has to do with the way  that goods would have to move from the producer to the retailers then to the consumers.

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This type of promotion would best be characterized as institutional advertising. Rather than advertising a specific product or service, institutional advertising promotes the university.

Rather than advertising a specific product or service, institutional advertising promotes an institution, business, or kind of item so that people have a favorable opinion of it. It is a type of promotion.

Institutional advertising can increase brand awareness by increasing brand exposure. The greater your brand awareness, the more people will be acquainted with your product and brand.

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This provision is called the coordination of benefits provision.

What is provision?
A provision is an account in financial accounting that records an entity's present liability under the International Financial Reporting Standards (IFRS). The liability recorded on the balance sheet is matched to an appropriate expense account on the income statement. A provision is an expense under US Generally Accepted Accounting Standards (US GAAP). Thus, "Provision for Income Taxes" is a liability in IFRS but an expense in US GAAP. the provision or supply of something, particularly food or other essentials Prior arrangement or preparation, such as for doing something, meeting needs, providing means, etc.

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I am in purchase decision and purchase act stage of consumer decision process.

Five fundamental steps make up the consumer decision-making process. Consumers use this method to assess whether to make a purchase. The five processes include problem identification, information search, examination of alternative options, purchase choice, and post-purchase analysis.

5 steps in the decision-making process for consumers

Although the decision-making process for consumers can appear mysterious, all buyers follow the same fundamental processes to decide which goods and services will best suit their needs.

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Once Karen and Anika identify the fixed and variable costs of their business, they must then determine the number of service sales they need to make in order to produce a profit. They would do this by conducting a break-even analysis.

A company is defined as an organization or company engaged in commercial, industrial, or professional activity. A company can be either a commercial entity or a non-profit entity. Company types range from limited liability companies to sole proprietors, corporations, and partnerships. The purpose of a business is to provide value (through products and/or services) to customers who pay cash or equivalent. The money received should at least cover the costs of running the business and cover the living needs of the owner.

Business plays an important role in our lives. First, they produce goods and services that meet our needs and desires. It also recruits households as a labor force and provides rewards such as wages, salaries, and benefits. Therefore, it becomes a source of income that they can use to sustain their livelihoods.

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Market failure occurs when there is a misalignment between the desired outcomes of market participants and the results of a free market. Market equilibrium occurs when supply and demand are balanced, there is no tendency for the price to change, and the quantity exchanged is the equilibrium quantity.

What is Market equilibrium?
Equilibrium is the situation in which marketplace demand and supply balance each other, resulting in stable pricing. In general, an oversupply of services or goods causes prices to fall, resulting in increased demand, whereas an undersupply or shortage leads prices to rise, resulting in decreased demand. The balancing impact of supply side results in an equilibrium condition. The market equilibrium is the point at which the supply of commodities equals the demand for them. When a key index experiences a phase of consolidation or sideways motion, the forces of demand and supply are said to be relatively equal and the market is said to be in a condition of equilibrium. Prices, according to economists, tend to fluctuate about the equilibrium levels.

If the price is below the equilibrium price, we know that quantity demanded will be greater than quantity supplied. If the price is above the equilibrium price, we know that quantity demanded will be less than quantity supplied. The equilibrium quantity is the quantity at which the quantity demanded equals the quantity supplied. The equilibrium price is the price at which the quantity demanded equals the quantity supplied.

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For the purpose of establishing production budgets or predicting sales, a corporation may use CVP analysis (Cost-Volume-Profit) to examine the data it has. The target profit analysis enables a business to ascertain what production levels are required at a specific sales price to achieve a specific rate of return.

The target after-tax net income is $19,000, which is equal to 60% of the pre-tax net income (100% - 40%). The target profit is determined by dividing the net income after taxes.

19 000 /0.6 = 31 ,666.67

We use the following as our target profit and utilize the formula for target profit:

Target Sales = Target Profit + Fixed Cost / Contribution Margin.

31 , 666.67 + 110 , 000 /1 , 000 − 400 = 237

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In the short run, forever fitness should shut down because staying open would be more expensive.

A firm should shut down in the short run, if its total variable cost is greater than its total revenue. In the long run, a firm should exit the market, if its fixed cost is greater than its total revenue.

The short run is the period where all of the factors of production are fixed. Variable cost is the cost that varies with the level of output. Fixed cost is the cost that remains constant regardless of the level of output.

In this question, the total variable cost is greater than the total revenue, thus in the short run, the firm should shut down because it is to expensive to run the business in the short run.

Here are the options:

a. stay open because shutting down would be more expensive.

b. shut down because staying open would be more expensive.

c. lower their prices to increase their profits.

d. stay open because the firm is making an economic profit.

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VMI(Vendor Managed Inventory) occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products, resulting in more effective inventory replenishment.

Vendor-managed inventory (VMI) is an inventory management technique in which a product's manufacturer or other supplier is in charge of making the best use of a distributor's inventory.

In conventional inventory management, a retailer (also known as a distributor or a buyer) is in charge of determining the order size. With VMI, the vendor—sometimes referred to as the supplier—receives the retailer's inventory data and uses it to make the order size decision. As a result, the vendor is liable for the retailer's ordering costs, while the retailer is accountable for their own holding costs. This approach can prevent stocking unnecessary inventory, which can lower costs overall.

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The gross profit earned by Gomez Company on these transactions is $11,897.

A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.

Net sales are the total of a company's gross sales less any discounts, returns, and allowances. Net sales calculations are not always clear from the outside. When determining top-line revenues that are shown on the income statement, they are typically taken into consideration.

Net sales = sales - sales return - sales discount

Sales = $28,600 - $3,400 = $25,200

Sales Discount = $25,200 x 2%

Sales Discount = $504

Net Sales = $ 25,200 - $504 = $24,696

Cost of Goods Sold = $ 13,818 - $1,019

Net cost of goods sold = $ 12,799

Gross profit = net sales - net cost of goods sold

Gross profit = $ 24,696 - $ 12,799

Gross profit = $ 11,897

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Ice cream-making supplies were sold by granite stone creamery for $13,600. Granite Stone paid $84,000 for the equipment initially, and $68,000 in depreciation up until the date of sale., then $3,400 was lost when the equipment was sold.

We first determine the equipment's book value.

Asset cost: $84,000

Depreciation over time equals $68,000.

Cost of the asset - accumulated depreciation is a formula for book value,

$84,000 - $68,000= $16,000

Therefore, Gain or Loss on the Asset: Equipment Sale Value = $13,600

The equipment has a book value of $16,000.

Equipment loss = sale value - book value,

$13,600 -$16,000 = - $3,400. Here, a -ve sign indicates a loss

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Due to decrease in the economic activities, recession may lead to fall in GDP and unemployment, thus lowering the Marginal Propensity to Consume.

    The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics. Keynesian macroeconomic theory includes a concept known as marginal propensity to consume, which is determined as the change in consumption divided by the change in income.

   Thus during recession, marginal propensity to consume is likely to be lower.

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The reasons why different consumer groups exhibit different behaviors based on the vals framework is motivations and resources. The motivations from each customer can make different behavior.

VALS framework can be defined as a proprietary research methodology used for psychographic market segmentation. To guide some companies in tailoring their services and product in order to appeal to the people most likely to purchase them, it is need to make a market segmentation.Vals framework is based on two factors, first is primary motivation that including ideals, achievement, and self-expression and the second is resources that including energy, self-confidence, intellectualism, novelty seeking, innovativeness, impulsiveness, leadership, and vanity.

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Oligopoly is a market structure characterized by: C. strategic behavior between rival firms.

An oligopoly can be defined as a type of market structure which comprises a small number of business firms or sellers that are offering identical or similar products to their consumers, in such a way that none of them can limit the significant influence of the other.

Generally, an oligopoly is a market structure that is distinguished by several characteristics and these include the following:

In this context, we can reasonably infer and logically deduce that business organizations or sellers that are operating in an oligopoly are characterized by making strategic behavior between competitors (rival firms).

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