Samantha wants to become an electrician but she has not been able to find work in an apprenticeship. What other alternative might she consider to learn this occupation?

Answers

Answer 1

The other option she can explore is attending a technical school to master this profession.

What is an apprentice program?

A new generation of practitioners of a trade or profession can be trained through an apprenticeship program, which combines classroom instruction with on-the-job training. Apprenticeships can also help professionals get a license to work in a regulated field.

Why is apprenticeship so crucial?

Apprenticeships, which combine classroom instruction with on-the-job training over a number of years, can help students break into the workforce while simultaneously expanding access to higher education. They also assist in providing the technical, problem-solving, and practical skills that companies demand from their employees.

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Related Questions

perez company incurs annual fixed costs of $105,000. variable costs for perez’s product are $21.00 per unit, and the sales price is $35.00 per unit. perez desires to earn an annual profit of $63,000. required use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.

Answers

When sales income and costs attributed to a certain time are equal, a corporation experiences a break-even point.

The level of operations at which a business experiences neither a profit nor a loss is referred to as the break-even point. sales income The outcome shows that Video Productions achieves financial stability at a monthly volume of 5,000 units. By calculating the revenue and overall costs for a volume of 5,000 units, we can demonstrate that this is correct. $100,000 in revenue equals (5,000 units x $20 per unit sold). ($40,000 fixed costs + $60,000 variable costs, computed as $12 per unit X 5,000 units) = $100,000 in total expenses. Look at the cost-volume-profit graph, and you'll see that the break-even point is at 5,000 units, when the revenue and total cost lines cross. Using video productions net loss at quantities under 5,000 units, but net profitability at volumes over 5,000.

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from the 2017 tax cuts and job act, a reason to choose sole proprietorship, partnership or corporation as a form of organization is:

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According to the 2017 Tax Cuts and Job Act, the number of employees is a factor in deciding whether to form a corporation, partnership, or sole proprietorship.

A sole proprietorship, often known as a sole trader, is an unincorporated business with a single owner who reports business profits to their personal tax return.

As a type of company organization, sole proprietorships are typically not subject to state regulation. Initially operating as sole proprietorships, businesses later adopt a more, deduction introduced by the Tax Cuts and Jobs Act of 2017. A deduction was established for households with income from pass-through businesses by the Tax Cuts and Jobs Act of 2017.

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An increase in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on treasury securities, everything else held constant.

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A increase in the riskiness of corporate bonds will increase the yield on corporate bonds and decrease the yield on Treasury securities, with everything else held constant. The correct answer is option(c).

Corporate bonds are the bonds that a corporation issues to obtain money for a number of purposes, such as continued operations, mergers, and acquisitions, or business expansion. It usually refers to debt instruments with a minimum one-year maturity that are longer-term in nature.

The United States Department of the Treasury issues United States Treasury securities, often known as Treasuries or Treasurys, to support government spending as an alternative to taxation. Treasury securities are among the safest investments because they are supported by the full faith and credit of the United States government. Treasury securities' revenue could be free from municipal and state taxes but not from federal taxes.

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The complete question is:

A increase in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant.

A) increase; increase

B) decrease; decrease

C) increase; decrease

D) decrease; increase

A+company+borrowed+$29,000+by+signing+a+90-day+promissory+note+at+12%.+the+total+to+be+paid+at+maturity+of+the+note+is:_____.+(use+360+days+a+year.)

Answers

The total amount to be paid at maturity is $29870.

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Amount borrowed = $29,000

Number of days = 90

rate of interest = 12%

rate of interest for 90 days is 12÷360 *90

= 3%

Maturity amount

Interest amount + principal amount

29000×0.03 = 870

= 29000 + 870

= $29870

90-Day Letter is an IRS notice stating that there was a discrepancy or error within an individual's taxes and they will be assessed unless petitioned. The taxpayer has 90 days to respond, otherwise, the audit deficiencies will result in reassessment. Also known as a Notice of Deficiency.

Ninety-day short-term loans are often called payday loans or cash advance loans because you write a check to the lender for the amount you want to borrow, plus a service fee. The lender holds onto your check as collateral, and the full amount of the loan is due at the end of the 90 days.

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Gifts galore had $189,000 of sales revenue from wrapping paper sales last year. total contribution margin was $100,170 and total fixed expenses were $27,500. the contribution margin ratio was?

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the contribution margin ratio was 53%

(100,170/189,000 = 53%)

What is Margin ratio?

The capacity of a business to convert revenues into profits is gauged by margin ratios. Without a reference point, standalone data just offers a snapshot and has limited relevance. Applications for margin ratios include credit research, firm performance, and valuation.

At different levels of assessment, margin ratios show the company's capacity to turn revenues into profits. Examples include operational margin, net margin, cash flow margin, EBIT, EBITDA, EBITDAR, NOPAT, operating expense ratio, and overhead ratio.

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Courts use a/an ______________________ to halt speech that is outside constitutional protection, like obscenity and false advertising.

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Courts use a/an First Amendment to halt speech that is outside constitutional protection, like obscenity and false advertising.

The First Amendment ensures freedoms regarding religion, expression, assembly, and the proper to petition. It forbids Congress from both promoting one faith over others and also proscribing an individual's spiritual practices.

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercising thereof; or abridging the liberty of speech, or of the clicking; or the proper of the human beings peaceably to bring together, and to petition the authorities for a redress of grievances.

The First Amendment lets in people to believe and practice something religion they want. They can also select now not to observe any faith. The government can, but, alter non secular practices inclusive of human sacrifice or unlawful drug use. Freedom of Speech.

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much of the literature on process choice was developed in the context of manufacturing tangible objects. however, most of the jobs in operations relate to the delivery of intangible services. contemplate the descriptions of process types including job shops, batch flows, and assembly lines. how can these ideas be used to improve a service delivery system that you found to be unsatisfactory? in other words use these ideas on process flows to discuss how you would improve a service process that you have experience with. examples might include ideas like processing orders in batches instead of one at a time, or using an assembly line style process to handle car repairs instead of the job-shop approach taken in most garages.

Answers

Job Shop process flow is a good fit. Organizations may have minimal staffing to meet minimal demand. As customer demand increases, the company can hire employees on a contract basis to provide customer support. In this way, the company was able to save costs and meet customer requirements.

A second example is maintaining quality. Consistency of service is difficult to achieve as each client has different needs. Therefore, each order should be treated as a unique order, although the specific steps are the same. The system to follow should be a discrete approach that: B. The Batch Concept.

What is Job shop process flow?

A job shop is a type of manufacturing process that produces small batches of various custom products. In the toll manufacturing process flow, most manufactured products require a unique setup and set of process steps. Subcontractors are typically companies that manufacture custom parts for other companies. However, examples of contract manufacturers include a wide variety of companies: machine tool shops, machining centers, paint shops, commercial printers, and other manufacturers that produce custom products in small quantities. These companies are interested in customization and relatively low volume production rather than mass production and standardization.

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your grandfather invested $2,000 in a stock 49 years ago. currently the value of his account is $208,000. what is his percentage compound rate of return over this period?

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The answer is 0.15%

Percentage compound rate return or the geometric return takes into account the compound interest over the number of periods.

Here, we know that

Current deposit = $208,000

Initial deposit = $2,000

To calculate compound rate return/ geometric return, the formula used will be:

[(current deposit value/initial value)^1/no. of years ]-1

Putting the values from above, we get,

= [(208,000/2,000)^1/49]-1

= [(1040)^0.0204]-1

= 1.15-1

= 0.15%

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One of the problems with using the discount rate as a monetary policy tool is that it is difficult to predict ________ when the discount rate changes.

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One of the problems with using the discount rate as a monetary policy tool is that it is difficult to predict "changes in discount window borrowing" when the discount rate changes.

This is further explained below.

What is the discount rate?

Generally, A discount rate is the rate of return that is used in corporate finance in order to bring the value of future cash flows back down to their current level.

This rate is often a company's Weighted Average Cost of Capital (WACC), needed rate of return, or the hurdle rate. It refers to the rate of return that investors anticipate earning in proportion to the level of risk associated with an investment.

In conclusion, When the discount rate is adjusted, it may be difficult to accurately foresee "changes in discount window borrowing," which is one of the drawbacks associated with utilizing the discount rate as a tool for monetary policy.

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complete question

One of the problems with using the discount rate as a monetary policy tool is that it is difficult to predict ___________ when the discount rate changes.

A. changes in inflation

B. changes in discount window borrowing

C. changes in the US dollar exchange rate

D. changes in long-term interest rates

A customer's short margin account is properly margined and shows a credit balance of $60,000. interest would be charged on a balance of?

Answers

When a customer's short margin account is properly margined and shows a credit balance of $60,000, the interest would be charged on the balance of $0. Therefore, the option A holds true.

What is the significance of a margin account?

A margin account can be referred to or considered as a type of trading account using which a person can trade without actually having funds to trade. In case of a margin account, the interest is charged only on the debit balances of the account.

Therefore, the option A holds true and states regarding the significance of a margin account.

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The missing options to the incomplete question have been added below for better reference.

A. $0

B. $30,000

C. $60,000

D. None of these

In analyzing the pharmaceutical industry for a prospective business​ launch, nicole​ turco, a ph. D. In​ pharmacology, concluded that the industry was attractive because the threat of substitutes is​ ___________.

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In analyzing the pharmaceutical industry for a prospective business​ launch, Nicole​ Turco concluded that the industry was attractive because the threat of substitutes is​ low.

What is known as substitutes?

Basically, a substitute refers to the product or service that can be easily replaced with another by consumers; in consumer theory, it refers to the product or service that consumers see as essentially the same or similar-enough to another product, that is, it is a good that can be used in place of another.

It play an important part in the marketplace and are considered a benefit for consumers as they provide more choices for consumers who are then better able to satisfy their needs. It also provide choices and alternatives for consumers while creating competition and lower prices in the marketplace.

Therefore, In the analysis of the pharmaceutical industry for a prospective business​ launch by Nicole​ Turco, he concluded that the industry was attractive because the threat of substitutes is​ low.

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if the kingdom of arendelle had total exports of $150 billion and total imports of $234 billion, it had a .

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If the kingdom of Arendelle had total exports of $150 billion and total imports of $234 billion, it had a  trade deficit.

When a country imports more than it sells over a specific time frame, there is a trade deficit. The negative balance of trade is another name for it. When the balance or net amount of an account of international transaction is negative, this is known as a trade deficit. The balance of payments of international transaction accounts keeps track of all business dealings involving residents and non-residents where ownership changes hands.

On several categories within an international transaction account, a trade deficit or net amount can be calculated. Items such as goods, services, goods and services, current account balances, and the total of the current and capital account balances fall under this category.

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The family over time has moved from being an economically productive unit to a(n)?

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The family over time has moved from being an economically productive unit to: C. a consuming, service-oriented unit.

What is an economy?

An economy can be defined as a function of how the various means of production, money, and scarce resources (raw materials) are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to meet the unending needs or requirements of consumers.

The five (5) economic goals.

In Economics, there are five (5) main economic goals and these include the following:

Full employmentEconomic growthEconomic stabilityEqualityEnhanced efficiency.

Based on historical records and information, we can reasonably infer and logically deduce that families across the world have increasingly moved from being an economically productive unit to a consuming, service-oriented unit.

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Complete Question:

The family over time has moved from being an economically productive unit to _____.

a primarily dysfunctional unit

welfare dependent

a consuming, service-oriented unit

an individualistic, self-serving unit

Is ______ correlated with the level and efficiency of financial markets and institutions.'

Answers

Yes, economic development is correlated with the level and efficiency of financial markets and institutions.

Financial institutions and markets are referred to collectively as the financial system. This financial system serves as the foundation of the national economy. This is because the efficiency with which the financial system operates is critical to a country's economic development. The role of the financial system may be obscured because we take its existence for granted. However, once we pay attention to the financial system, it is easy to see why it is so important in a country's economic development.

The government is the party best suited to maintaining financial systems. However, excessive government intervention is undesirable because it disrupts the laissez-faire policy, which is critical for financial markets.

As a result, the government faces a difficult task. Its purpose is to ensure the proper operation of the financial systems. However, it is expected to do so without direct intervention in order to foster a favorable environment for economic development.

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luzadis company makes furniture using the latest automated technology. the company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. the predetermined overhead rate was based on a cost formula that estimates $592,000 of total manufacturing overhead for an estimated activity level of 74,000 machine-hours.

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luzadis company makes furniture using the latest automated technology, total manufacturing is Machine-hours 60,000, and Manufacturing overhead costs $ 850,000.

Define automated technology.

Automation refers to technological applications where the amount of human input is reduced. This encompasses personal applications including home automation, business process automation (BPA), and IT automation. All procedures and tools that allow factories and systems to run automatically fall under the category of automation technology. These consist of tools, equipment, and other tools. Minimal human intervention is used. Examples of fixed automation include automatic assembly lines, specific chemical processes, and machining transfer lines used in the automotive sector. A type of automation for batch production is programmable automation. Automation is generally understood to be a technology that involves carrying out a process using programmed commands along with automatic feedback control to assure the proper execution of the instructions.

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andre works with beta pharmaceuticals inc. he is primarily responsible for overseeing production activities, including decisions such as the number of product units that need to be manufactured, the overall functioning of the production plants, and the quality of products. andre is most likely to be a(n) manager.

Answers

Since Steve is responsible for overseeing production activities, this highlights that he is most likely an Operations Manager.

What an operations manager does is:

Show the organization what it means to inspire others.

Make critical decisions about planning, strategy, and policy.

Who is the manager of Operations?

An operations manager is a crucial component of the management team and is in charge of high-level HR duties like employing top talent and developing training standards and hiring procedures. Through analysis and improvement, they also aim to improve the effectiveness, productivity, and quality of organizational processes.

A different name for them is a chief operating officer or COO.

Make operational policies and practices, implement them, and assess their effectiveness.

Help HR if necessary with recruitment.Encourage an organizational culture that respects superior achievement and high morale.control budgeting, auditing, reporting, and planning.participation of senior stakeholdersMake sure all legal and regulatory paperwork is submitted, and keep a look out for any infractions.While working with the board of directors to define values and mission, make plans for both short-term and long-term goals.Identify the company's problems and future potential, then address them.Make alliances and partnerships with other companies.

Thus, operation managers are important in any organization.

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Businesses use accounts to summarize all the information pertaining to a single item.

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Businesses use accounts to summarize all the information pertaining to a single item True.

What is account?

Account is the head that defines a type of expense of a business, the business have different accounts where the transactions of a business are posted, these accounts summarize the information pertaining to a single item, that is for example sales, marketing expense, administration expense, interest expense / finance cost, dividends, drawings and more.

The sales of goods and services are summarized in the sales account and the other account that is effected is the accounts receivable account or the cash account if the sales are made on cash.

The transaction is posted as a journal entry, then transferred to t-account and then to trial balance and finally income statement and balance sheet is made.

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Missing part of question: is it true or false?

a company invests $750,000 in a project with the following net cash flows: year 1: $43,000 year 2: $48,000 year 3: $55,000 year 4: $36,000 year 5: $74,000 year 6: $65,000 in what year does payback occur?

Answers

Based on the investment in the project and the net cash flows, the year that payback occurs in is After Year 6.

When does payback happen?

The year that the payback will happens refers to the year when the cash inflows will add up to the $750,000 that was spent.

The sun of the cash inflows is:

= 43,000 + 48,000 + 55,000 + 36,000 + 74,000 + 65,000

= $321,000

At year 6, the total amount earned is still less than the $750,000 spent so the payback period will be after Year 6.

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inaccurate can lead to excess and/or shortages throughout the organization and the supply chain.

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Inaccurate can lead to  either excess or shortages throughout the organization and the supply chain.

What is a supply chain?

The network of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. Every stage of the process, from the movement of raw materials from the supplier to the producer to the ultimate distribution to the client, is included in a supply chain.

Farming, refinement, design, manufacturing, packaging, and transportation are a few instances of supply chain operations.

For the planning, design, manufacturing, inventory, and distribution phases necessary to create and market a company's goods, SCM offers centralized control. By coordinating the actions of the various supply chain participants, supply chain management aims to increase efficiency.

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procedure and behavioral constraints include all of the following except? group of answer choices manufacturing bottlenecks poor training programs poor management decisions poor cultural norms in the organization

Answers

Manufacturing bottlenecks are not included in the procedure and behavioral constraints. Thus, the correct option is A). Manufacturing bottlenecks.

What is a constraint in operations management?

A constraint refers to something that limits or controls a system from achieving higher performance versus it's goal. They act as a barrier in the operation of the business.

There are primarily three types of constraints that project managers should be familiar with are time, scope, and cost. These constraints have a great impact over the business.

Basically, constraints acts as hindrance in the effective operation of business.

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the following are the assets, liabilities and stockholders' equity balances in millions at december 31 in alphabetical order:

Answers

Total Assets equals $1,600, Retained Earnings equals $500, Total Liabilities plus Stockholders' Equity equals $1,600.

Total assets

Stockholders' Equity=(Assets-liabilities)

Stockholders' Equity=($900+$700)-$500

Stockholders' Equity=$1,600-$500

Stockholders' Equity=$1,100

Retained earnings:

Retained earnings=Stockholders' Equity-Common stock

Retained earnings=$1,100-$600

Retained earnings=$500

Total Assets:

Total Assets=Cash+Equipment

Total Assets=$900+$700

Total Assets=$1600

Total Liabilities+Stockholders' Equit:

Total Liabilities+Stockholders' Equity=Account payable+Stockholders' Equity

Total Liabilities+Stockholders' Equity=$500+$1,100

Total Liabilities+Stockholders' Equity= $1,600

Therefore Total Assets equals $1,600, Retained Earnings equals $500, Total Liabilities plus Stockholders' Equity equals $1,600.

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The complete question is:

The following are the assets, liabilities, and stockholders' equity balances in millions at Dec. 31, 2018 in alphabetical order:

Accounts Payable: $500

Cash: 700

Common Stock: 600

Equipment: 900

Total Assets equals $

Retained Earnings equals $

Total Liabilities plus Stockholders' Equity equals

List three ihrm-related questions that must be answered within an mne as it seeks to establish its international strategy.

Answers

There are three types of countries interested in international HRM movements — home country, host country, and third country.

List three ihrm-related questions

HR-related queries that must be answered within an MNE as it aims to establish its international strategy.

1. Do we have familiar staffing for a global strategy?

2. Does the firm have sufficient personnel to enforce foreign operations?

3. Will we be able to find and draft the talent necessary for international processes?

It starts that international HRM operations have to be various from those of domestic HRM.

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according to the text, superior performance within the strategic business unit (sbu) is sought by asking which major question?

Answers

in step with the text, superior overall performance in the strategic commercial enterprise unit (SBU) is sought with the aid of asking the main question is a functional supervisor.

The definition of a superior is a person who is better in diploma, rank, numbers, etc. than others. An example of a superior is the supervisor of an enterprise. advanced comes from the Latin phrase which means above and it literally way something that is above others in best or reputation.

Superior means better or greater in value. An instance of advanced users as an adjective is an advanced manager which means a supervisor whose abilities have been evaluated as fantastic. An instance of advanced users as an adjective is a superior grade of 100% on an exam. (printing) Set above the primary line of a kind. you use superior to explain someone or something that is better than different comparable humans or matters. Your superior in an agency that you work for is a person who has a higher rank than you. They do now not have a lot communique with their superiors.

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Procter & gamble sells six different brands of laundry detergent, each with a unique offering for different market segments. which business orientation does this illustrate?

Answers

There are six different kinds of laundry detergent available from Procter & Gamble, each with a distinct offering for certain market niches. This exemplifies differentiating marketing, a business orientation.

Differentiated marketing: The company uses differentiated marketing as a strategy to reach a larger audience by focusing on bigger market groups and providing distinctive products to meet the needs of each group. This strategy has the advantages of growing sales, encouraging more customer loyalty, and gaining market share.

Procter & Gamble sells six different brands of laundry detergent, each with a unique offering for different market segments. The business orientation that this illustrates is Differentiated Marketing.

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________________________ means a company features a uniform product and message across countries.

Answers

Standardization way an employer features a uniform product and message across countries.

A product is an item provided for sale. A product may be a carrier or an object. it can be bodily or in digital or cyber shape. each product is made at a value and everyone is bought at a charge. The rate that can be charged relies upon the market, the great, the advertising, and the phase that is targeted.

A product is any object or provider you sell to serve a consumer's need or need. They can be physical or digital. bodily products encompass long-lasting items (consisting of motors, furnishings, and computer systems) and nondurable items (such as meals and liquids).

The term "product " refers to the end result of one or greater multiplications. for example, the mathematical statement could be examined as " times equal," which is known as the multiplier, the multiplicand, and their product. In advertising, a product is an item, machine, or service made to be had for patron use as of the purchaser demand; it is whatever that can be provided to a marketplace to satisfy the choice or need of a purchaser.

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the customer's first impression of a hotel, whether positive or negative, will be associated with every other hotel within the chain.

Answers

The customer's first impression of a hotel, whether positive or negative, will be associated with every other hotel within the chain.

Why is the first impression of a hotel important?The customer's first impression of a hotel is very important.It is depended on various factors including the surroundings and premises of the workplace and also how the employees interact with the customers at the counter. This creates an effect on their first impressions.Courteous attitude from the employees are always expected from the customers and it can provide a positive impression in them.Ethical ways of approach and truthfulness are also counted.Cleanliness,attitude, grooming, tone of the voice are some other factors contributing to the first impressison.Unappealing appearance of the employee and staffs can create a hindrance in having a positive impression.Moreover whether the impression created is positive or negative, it will affect the entire hotels working within the chain.

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break-even analysis determines what sales volume must be reached for a product before the company's total revenue equals total costs.

Answers

It is True that break-even analysis determines what sales volume must be reached for a product before the company's total revenue equals total costs.

How does break - even analysis determines?

A specified ideal sales mix or the volume of output can be determined using break-even analysis. The metrics and computations employed in the research are not used by outside parties like investors, regulators, or financial institutions; instead, they are intended solely for a company's management to use.

The break-even point is calculated in this sort of study (BEP). By dividing the entire fixed production costs by the cost per unit less the variable production costs, the break-even point is determined. Fixed costs are expenses that don't change no matter how many units are sold.

The amount of fixed expenses is compared to the profit generated by each extra unit produced and sold in a break-even analysis.

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Which principle dictates that managers should receive a raise in pay based upon their contributions to the organization, and not based on their gender?

Answers

A Distributive justice is the principle that dictates that managers should receive a raise in pay based upon their contributions to the organization, and not based on their gender.

What is the Distributive justice?

It is a principle that is mainly concerned with the fair allocation of resources among the diverse members of a community; the fair allocation takes into account the total amount of goods to be distributed, distributing procedure and the pattern of distribution that results as well.

In an organization setting, the principle occurs when all employees believe that outcomes are equitable, that is, the outcomes are either tangible such as pay or intangible such as positive feedback.

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a company received dividends of $0.35 per share on 300 shares of stock it holds as a stock investment with insignificant influence. the journal entry to record this transaction would be to debit cash for $105 and credit dividend revenue for $105.

Answers

True, a company received dividends of $0.35 per share on 300 shares of stock it holds as an investment. The journal entry to record this transaction would be to debit Cash for $105 and credit Dividend Revenue for $105.

A dividend is a payment made by a company to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and can take the form of cash payments or stock reinvestments. Dividends give investors another way to profit, particularly if current income is the main objective. For financial objectives, many investors discover that purchasing and holding businesses with a solid track record of paying dividends makes sense. A great investment plan may include dividend investing. Historically, less volatile dividend stocks have outperformed the S&P 500. Taxes must be paid even if you reinvest all of your dividends in the same company or fund that gave them to you in the first place.

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if price of a good rises, what happens to quantity demanded for that good? a.it does not change. b.it decreases. c.the answer depends upon the supply of the good. d.it increases.

Answers

According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.

The Right Option is B

The law of demand, a cornerstone of microeconomics, asserts that there is an inverse connection between price and quantity desired.

What, using an example, is the law of demand?For instance, the first slice of pizza that a customer purchases when they are hungry will be the one with the most utility. The utility decreases and the consumer is more happy with each subsequent slice. Theoretically, the consumer could be willing to pay more for the first slice.

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