The fashion industry is an example of Oligopolistic industry.
From the angle of market concentration, the fast fashion clothing market of our country is oligopoly III.When a few big companies control all or most of the sales in an industry, oligopoly results. There are many industries that exhibit oligopoly, such as the auto sector, cable television, and commercial aviation. Companies with an oligopoly are like cats in a bag.The industry of computer technology provides the clearest illustration of oligopoly. Apple and Windows are two well-known names when it comes to computer operating software. The majority of the market share has been controlled by these two firms.What is oligopoly industry?In oligopoly markets, a limited number of suppliers control the market. They are present in every nation and a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so.Learn more about Oligopolistic industry brainly.com/question/14007660
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As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances? How would a biblical worldview influence your decisions?
As the ceo of one of these companies, how would you respond to calls to share your company’s ip and under what circumstances
The Biblical worldview says there is a God—One who is personal, powerful and caring—who created the world and everything in it.
Cultivating a Biblical Worldview
Orgin – where did I come from?
Destiny – where am I going?
Purpose – why am I here?
Values – how should I live?
Truth – what is the truth?
If sharing truely makes experience. Partnering with a suitably qualified company can provide exquisite advantages.
A biblical worldview is depended upon the plans God has for my life, verses my personal desires, for example, I may need to be wealthy, however God may additionally simply want me to be at ease
The necessities inside the biblical worldview are:
God, humanity, Christ, recovery.“Worldviews no longer best effect how we apprehend and make experience of the sector round us however also have an impact on how we specific ourselves in the international. The constellation of personal values, beliefs, assumptions, attitudes, and thoughts that make up our worldview have an affect on our goals and goals, relationships and behaviors.
A biblical worldview affirms that God is the sovereign and almighty Lord of all lifestyles. Such an confirmation rejects any form of dualism, that count number has ceaselessly existed, or that be counted must, therefore, be evil given that it's far in principle opposed to God, the supply of all appropriate.
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The storage of funds for future use is a purpose of _____________blank, which include savings accounts and certificates of deposit.
The storage of funds for future use is a purpose of time deposits, which include savings accounts and certificates of deposit.
You can buy a time deposit, like a CD, at almost any bank, credit union, or other financial organization. Other terms as well as the interest rates paid vary. One bank can, for instance, provide a better return but demand a larger down payment. Shopping around pays off. The majority clearly display and heavily promote their rates.
In essence, a CD is a savings account that is formed with the agreement that the owner won't touch the funds for a predetermined amount of time. This may take a few weeks to several years. Short-term time deposits have terms of one year or less. Any sum in excess of that is a long-term deposit.
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The student organization at william howard taft high school that promotes safe driving practices is named?
Project YIELD is the student organization at William Howard Taft high school that promotes safe driving practices.
More than 5,700 young people died in car accidents nationwide in 2001. The latest year is reflected in the current statistics. In San Antonio, teenagers died in a car accident in the six weeks of the same year, some of whom were Taft students. Last year, the Texas Department of Transportation and the Texas Department of Transportation worked with Taft authorities on plans to prevent a similar tragedy. In-house recruitment activities created a team of 24 students, who later hired the group name "Project YIELD" (a young man who provides information to all living drivers). The "carefree driving kills lives" campaign is the fruit of their creative work.
This week, William Howard Tuft High School students launch the state's first teen-developed campaign aimed at making streets and highways safer. This week's campaign launch includes daily pre-spring break announcements, posters around the school, promotional materials, and campaign focal points. This is a 3-minute video written by a student who also stars in the production. The campaign is based on the five most common risk factors for young drivers. Driving at night, inexperienced driving, presence of young passengers, risky behavior (such as speeding, using a mobile phone while driving, not using a seatbelt), and alcohol and drug use.
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Employee benefits are:
a. monetary rewards.
b. usually not viewed as being part of one's total compensation.
c. nonmonetary rewards.
d. temporary incentives.
e. required.
Employee benefits are- monetary rewards, and temporary incentives.
Employees in an organization or a company benefit from both monetary rewards as well as temporary incentives. Monetary rewards are cash or financial compensation provided by an employer to an employee, typically in addition to their salary.
The employers also provides their employees with temporary incentives such as bonuses and raises, recognition and rewards, health and wellness, giving fun gifts to employees etc.
Hence, monetary benefits represent quantifiable cash rewards presented for accomplishments. Monetary rewards and temporary incentives are often used by the employers in order to encourage workers to meet their goals.
Hence, option A and D are correct.
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Issuing bonds to obtain long-term funds legally compels a firm to pay regular ________ payments and repay the ________ at the maturity date.
Issuing bonds to obtain long-term funds legally compels a firm to pay regular interest payments and repay the principle at the maturity date.
The discharge of an employee for reporting the employer's alleged violations of law is known as ________. Group of answer choices affirmative action benchmarking accommodation whistleblowing ratification
The discharge of an employee for reporting the employer's alleged violations of law is known as whistle-blowing.
What is whistle-blowing?Calling attention to misconduct that is taking place within an organisation is referred to as whistle blowing.
Some characteristics of whistle-blowing are-
One of the best ways to identify and stop fraud, corruption, and other wrongdoing is by whistle-blowing. Whistleblowers' revelations have revealed malfeasance and fraud, assisted in the preservation of millions of tax dollars, and helped avert environmental and health catastrophes.Whistle-blowers may be fired or coerced into leaving by their employers. Employees who don't leave their jobs risk being harassed, demoted, ostracised, or intimidated. Some whistle-blowers break under the pressure, developing depression or panic attacks or turning to alcohol.Therefore, the phrase "whistle-blowing" is used when an employee divulges information about wrongdoing. This is referred to as "making a disclosure" or "blowing the whistle" in this guidance. Usually, but not always, the wrongdoing will be something they have seen at work.
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Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month.
Based on the costs incurred by Shen Company, the schedule of costs of goods sold for manufactured goods is:
Total
Direct materials used $6,300
Direct labor $4,390
Manufacturing overhead $7,560
Total cost $18,250
Beginning WIP $0
Add: Cost during year $18,250
Total manufacturing cost $18,250
Less; Ending WIP $(6,770)
Cost of goods manufactured $11,480
What goes into the schedule of cost of goods manufactured?Direct materials:
= 3,400 + 2,900
= $6,300
Direct labor:
= 4,000 + 390
= $4,390
Manufacturing overhead:
= 6,300 x 1.2
= $7,560
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The schedule of Cost of Goods Manufactured for May by Shen Company is as follows:
Cost of Goods Manufactured:Direct materials $3,400
Direct labor 4,000
Overhead applied 4,080 ($3,400 x 120%)
Total costs $11,480
What is the Cost of Goods Manufactured?The cost of goods manufactured includes the costs of direct materials, direct labor, and overhead applied.
The cost of goods manufactured is only for Job 4 and does not include the costs incurred for Job 5 which is still in process at month-end. Instead, the costs of Job 5 will be recorded as ending work in process.
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Which of the following would indicate an improvement in a company's financial position, holding other things constant
The current and quick ratios both increase would indicate an improvement in a company's financial position, holding other things constant.
Financial usually refers to money matters or transactions of some size or importance: a financial wizard. Fiscal is used especially in connection with government funds, or those of any organization: the end of the fiscal year. Monetary relates especially to money as such: a monetary system or standard. Cash, stocks, bonds, mutual funds, and bank deposits are all examples of financial assets.
The financial field includes three main subcategories: personal finance, corporate finance, and public (government) finance. Consumers and businesses use financial services to acquire financial goods and achieve financial goals.
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In the short run, a profit-maximizing monopolistically competitive firm sets it price: A) equal to marginal revenue. B) equal to marginal cost. C) above marginal cost. D) below marginal cost.
In the short run, a profit-maximizing monopolistically competitive firm sets it price: above marginal cost. Option C. This is further explained below.
What is marginal cost?Generally, The marginal cost of production is the incremental cost incurred to produce one more unit of a good or service.
In conclusion, Initially, a monopolistically competitive business sets its price at a level above its marginal cost in order to maximize its profits.
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When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, which of the three economic questions does it answer
When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, is (C) Who should get the goods produced?
What is Economic System?
An economic system, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes and patterns of consumption that comprise the economic structure of a given community.
What a Command Economy?A command economy is an economic system where the government has control over the production and pricing of goods and services. Sometimes called a planned economy, in a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services. The government is the central planner.
What are the Three Economic?An economic system is any system of allocating scarce resources. Economic systems answer three basic questions:
What will be produced?How will it be produced?How will the output society produces be distributed?Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, which of the three economic questions does it answer?
A. Is this a good way to allocate services?
B. How should it be produced?
C. Who should get the goods produced?
D. Is it fair to deny services?
E. What should be produced?
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1. All of the following pairs of goods are substitutes except :________.
A. we observe the price of bacon increases and the demand for eggs decreases. B. we observe the price of coffee increases and the demand for tea increases. C. we observe the price of tennis racquets decreases and the demand for golf clubs decreases. D. we observe the price of automobiles decreases and the demand for public transit decreases. 2. All of the following pairs of goods are complements except :_________.
A. we observe the price of tennis racquets increases and the demand for tennis shoes decreases. B. we observe the price of bacon decreases and the demand for sausage increases. C. we observe the price of coffee decreases and the demand for tea decreases.
D. we observe the price of automobiles decreases and the demand for tires increases.
The answer is Option A. The options are substitutes except A. we observe the price of bacon increases and the demand for eggs decreases.
What is a good substitute?This is the term that is used to refer to the goods that can be substituted for other goods.
These types of goods are known to have very close usage to the goods that they are substituting.
Eggs and bacon are not substitute goods these are the types of goods that are known to complement themselves. They go hand in hand and one is not used in place of the other.
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At Delta Corp. the manufacturing and design department frequently consults with the research and development department and the marketing and sales department regularly interacts with the manufacturing and design department. This scenario illustrates _____ at Delta.
At Delta Corp. the manufacturing and design department frequently consults with the research and development department and the marketing and sales department regularly interacts with the manufacturing and design department. This scenario illustrates coordination at Delta.
Why coordination is important function of management?
The role of management in coordination is to make sure that various groups and departments operate in unison. As a result, all of the departments, groups, and employees act in unison. Additionally, it promotes harmony in the execution of various tasks and activities to effectively meet the organization's goals.
What is the importance of coordinating with other departments?
Since coordination combines the organization's material and human resources, it helps to prevent employees from working on unrelated projects at the same time. Because there is less resource wastage, the company can use its resources more effectively.
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A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to the dealership, though, the salesperson can't find that particular car on the lot. Maybe it was sold this morning before he got in. The salesperson offers a higher-priced car. This is called _______.
The salesperson offers a higher-priced car. This is called Bait Pricing.
What is Bait Pricing?Bait pricing is a marketing technique that involves tricking consumers into believing they will have to pay less for a more expensive product. The phrase "bait-and-switch pricing" is shortened to this. This strategy promotes prices that are frequently unexpectedly cheap, or at least significantly lower than those that are typically offered in the market. Many times, a company would promote a product at an extremely low price just to later admit that the original item displayed is not actually available. It might be replaced with a more expensive alternative. There are various situations when the use of bait pricing can result in legal action.Rock-bottom price is the lowest level price of the sports utility level. The car dealer advertises the vehicle at that price. And after going through the advertisement, getting the dealership, the salesperson can't find that particular car, this is called Bait Pricing.
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Sources of retirement income include Social Security, other public ____ plans, employer pension plans, personal retirement plans, and _____ .
Social Security, other public pension plans, employer pension plans, personal retirement plans, and annuities or savings
What are retirement incomes?This is the term that is used to refer to the income that a person would get after they have left active service.
The reason is so they can have a good life after they are no longer working and they are old.
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At the end of 2013, Company A has retained earnings of $25,000,000. During 2014 the company earns pre-tax income of $5,000,000. Also, in December, 2014, the company declares a dividend of $0.20 per share on 2,000,000 outstanding shares, to be paid in January, 2015. The company has a marginal tax rate of 40% and a corporate tax rate of 35%. What are Company A's retained earnings at the end of 2014
The retained earnings is $27,600,000.
What is retained earnings?
Retained earnings means the portion of the firm's profits retained in the business for further growth, which is not paid out as dividends to shareholders.
In this case, the retained earnings at the end of 2014 is the beginning retained earnings from 2013 plus the profits retained in the current year, which is the after-tax profits minus the dividends paid.
After-tax profits=pre-tax income*(1-marginal tax rate)
pre-tax income= $5,000,000
marginal tax rate=40%
After-tax profits=$5,000,000*(1-40%)
After-tax profits=$3,000,000
dividends=dividend per share*shares outstanding
dividend per share=$0.20
shares outstanding=2,000,000
dividends=$0.20*2,000,000
dividends=$400,000
current year retained profits=$3,000,000-$400,000
current year retained profits=$2,600,000
Total retained earnings=$25,000,000+$2,600,000
Total retained earnings=$27,600,000
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The Ending retained earnings at the end of 2014 equals $27,600,000.
What is a retained earning?This refers to the amount of profit that a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders
In the question, we need to understand that dividends reduce retained earnings at the time they are declared even if they are not paid until the following year.
Net Income= Pre-tax earnings x (1 - marginal tax rate)
= $5,000,000 x (1 - 40%)
= $3,000,000.
Total dividends= Dividend / share x outstanding shares
= $0.20 x 2,000,000
= $400,000.
Ending Retained Earnings= $25,000,000 beginning retained earnings + $3,000,000 net income - $400,000 declared dividends
= $27,600,000.
Therefore, the Ending retained earnings at the end of 2014 equals $27,600,000.
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The average revenue for Professional Road Bikes in the US market was $17,362, and in Germany was $19,669. Can you conclude that road bike sales in Germany are significantly higher than in the US? Yes, or no? why? Explain your answer in a few sentences.
Yes. Road bike sales in Germany are significantly higher than in the US.
What is revenue?Revenue can be defined as the income or money generated from the sales of goods and service.
Since the average revenue of Professional Road Bikes in the United States is market was $17,362 while that of Germany was $19,669 , this implies that road bikes sell more in Germany than United States.
Hence, the likely reason for the difference in revenue may be because their are high number of people that make use of rode bike in Germany compare to US.
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Financial statement users need to be aware of changes in inventory levels when using costing. (Enter only one word per blank.)
The users of financial statements need to understand the change in the inventory level, this can be calculated by the users by comparing the current and last year's financial statement.
What is Inventory?Inventory is the current asset held by the company which is sold to customers to earn profits. This inventory is also called Stock, the inventory is presented in the financial statements under the current assets head.
The inventory breakup is also given in the notes to the financial statements and users are able to view and analyze that also.
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Low P/E stocks are generally associated with a. mature companies. b. cyclical companies. c. young fast-growing companies. d. defensive companies.
Low P/E stocks are generally associated with mature companies, so a) is the correct alternative.
What Is a Price-to-Earning (P/E) Ratio?The P/E ratio is determined by dividing a stock's current share price by its EPS, typically for the previous 12 months (also known as the trailing 12 months) (TTM). The majority of P/E ratios for publicly traded firms represent the stock's current price in relation to its earnings over the preceding 12 months.
Are Low P/E Ratio Stocks Always Better?High price-to-earnings (P/E) ratio stocks may be excessively priced. The stocks with lower P/E ratios does not make better investments than those with higher ones. The complicated response is that it depends on the circumstance.
P/E ratios tend to differ from industry to industry, therefore it's critical to contrast businesses in the same sector and with comparable attributes.
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These transactions took place for Bramson Co. 2021 May 1 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2022 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2021.) port Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.[Credit account titles are autom when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
The transactions at Bramson Co. are recorded in the General journal format by debiting an account and crediting the other
Journal entries are made as follows:
What is Receivable?Receivable is a compensation for the goods or services sold, the receivable is recorded as the cash to be received and when this cash is actually received the receivables entry is reversed.
May 1 2021
Receivables DR $5000
Sales CR $5000
To record Receivables from R. Stoney
Dec 31 2021
Allowance for bad debts DR $300
Receivables $300
To record the allowance for bad debts expected
May 1 2022
Receivable DR $300
Accrued Interest Income CR $300
(Assuming 6% interest rate)
To record the interest income
May 1 2022
Cash DR $5300
Receivables CR $5300
To record the cash receipt from R. Stoney
May 1 2022
Receivables DR $300
Allowance for receivables CR $300
To record the reversal of allowance for receivables.
The transaction will be recorded as this and the final transaction shows how to reverse the allowance for receivables previously recorded.
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An asset which costs $18,800 and has accumulated depreciation of $6,000 is sold for $11,600. What amount of gain or loss will be recognized when the asset is sold
A loss of $1,200 will be recognized when the asset is sold.
An asset that costs $18,800 and has accumulated depreciation of $6,000 is sold for $11,600. What amount of gain or loss will be recognized when the asset is sold?
Cost of asset = $18,800
Depreciation= $6,000
Asset value after depreciation= $18,800 - $6,000
= $12,800
Sold for the price = $11,600
Loss= $12,800- $11,600 =$1200
What is depreciation in accounting?
The accounting technique of spreading out the cost of a tangible item over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's worth has been utilized. Purchasing assets over a predetermined length of time enable businesses to generate income from the assets they own.
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In the context of leadership styles, which of the following statements is true about the autocratic style
In the autocratic style, power is exercised by a dominant and dictatorial individual.
What do you mean by autocratic style?
Autocratic leadership, often known as authoritarian leadership, is characterized by a lack of group engagement and individual control over all decisions. When making choices, autocratic leaders usually rely on their own opinions and assessments rather than consulting with their followers.
What are the characteristics of autocratic leadership style?
minimizes or excludes group members' input.requires that practically all decisions be made by leaders.gives managers the power to impose their work procedures and methods.gives the group the impression that they aren't trusted to handle crucial decisions or jobs.Learn more about autocratic leadership style : https://brainly.com/question/14706044
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For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce
Total variable cost is -44000 ,0, 244000.
TR = P * Q
TC = FC + VC
Profit = TR - TC
Price Q TR FC VC
10 6000 6000 * 10 = 60000 44000 =10 * 6000 = 60000
16 8000 16 * 8000 = 128000 44000 =10.5 * 8000 = 84000
40 12000 40 * 12000 = 480000 44000 =16*12000 = 192000
Profit
-44000
0
244000.
The main goal of a perfect competitor to maximize profits is to calculate the optimum production level where marginal cost (MC) = market price (P). As shown in the graph above, the point of profit maximization is where the MC intersects the MR or P.
This is the output when the marginal revenue from the last sold unit is equal to the marginal cost to produce it.
In order to maximize profits, companies need to produce in a place where marginal revenue and marginal cost are equal. The company's marginal production cost is $ 20 per unit. If the company produces 4 units, its marginal revenue is $ 20. Therefore, the company needs to produce 4 production units.
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If a supervisor offers an employee a pay raise in exchange for going out on a date, it is?
If a supervisor offers an employee a pay raise in exchange for going out on a date, it is Quid pro quo harassment.
Quid pro quo harassment occurs in the workplace where any manager or any other authority figure offers or merely hints that he or she will give the employee something just like a raise or a promotion in return for that employee's satisfaction of a se xual demand.
This harassment also occurs when any manager or any other authority figure says that he or she will not fire or punish any employee in exchange for some type of se xual favor for him or her.
A job applicant can also be the subject matter of this kind of harassment if the hiring decision was based on the acceptance or rejection of se xual advances.
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1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000 What is the final amount in Retained Earnings
The final amount in Retained Earnings after selling the three different products with different prices and historical costs is $17,000.
What is the difference between the selling price and historical cost?The difference between the selling price and its historical cost is profit.
Profit is the financial benefit realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes.
Data and Calculations:Product Selling Price Historical Cost Profit
A $25,000 $20,000 $5,000 ($25,000 - $20,000)
B $20,000 $16,000 $4,000 ($20,000 - $16,000)
C $40,000 $32,000 $8,000 ($40,000 - $32,000)
Total $85,000 $68,000 $17,000
Thus, the final amount in Retained Earnings after selling the three different products with different prices and historical costs is $17,000.
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This video describes how software products often interject pop-up warnings to help you make mindful decisions with your work. Which of the following attributes of experience design does this example best illustrate
The attribute of experience design which the given example illustrates is of friction and flow - sequence and structure.
What is designing?It is the procedure of conceptualizing and organizing the production of things, interactive systems, structures, vehicles, etc. Users are at the center of the design thinking process, making it user-centered. It involves developing solutions to meet needs or solve problems for individuals, tangible objects, or more abstract systems.What is Experience design?An approach called experience design can be used to design any experience, from creating inventive new goods to creating marketing messages or even workplace policies that improve employee encounters.The process of ideation, testing, and iteration to improve the experience begins with a thorough understanding of the individual or persons you are building an experience for. This serves as the "ground zero" for all decisions made.In interface design, friction and flow are two ideas that help users complete tasks by either preventing errors or encouraging them to do so. It's crucial for designers to use both as needed throughout the user journey.
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Cynthia has been asked by her supervisor to give a presentation. The presentation will be a brief training for four new hires who need to learn the
Cynthia has been asked by her supervisor to give a presentation. The presentation will be a brief training for four new hires: Cynthia needs to learn because Cynthia will be able to use text, images, and media to help explain the company's safety protocols.
A presentation conveys statistics from a speaker to a target audience. presentations are typically demonstrations, advent, lectures, or speeches intended to tell, convince, encourage, encourage, and build goodwill.
A presentation is an activity in which someone shows, describes, or explains something to a group of people. A presentation is an act of formally giving something such as a prize or document.
There are two basic types of presentation (or oral reports) that you will likely be called upon to deliver during your educational career and beyond — informative presentations and persuasive presentations.
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Knowledge of the __________ Act minimizes a business's liability exposure when making decisions related to accounting practices.
Knowledge of the Sarbanes-Oxley Act minimizes a business's liability exposure when making decisions related to accounting practices.
In general, a liability is something that is due to another party. The legal or regulatory risk or responsibility is another definition of liability. Companies record obligations versus assets in their accounting records.
A company's assets are any possessions that have the potential to provide future financial gain. Your debts to other people are called liabilities. In other words, assets increase your wealth while obligations decrease it.
Any debts owed by your business to others, including bank loans, mortgages, unpaid bills, IOUs, and other sums of money, are referred to as liabilities.
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What is the difference between direct write-off method and allowance method?
The allowance technique anticipates and plans for a specific amount of unpaid debt, whereas the straight write-off method merely deals with the debt once it has not been paid.
The allowance technique is putting up a reserve for any future bad debts. The reserve is calculated as a percentage of sales made during a reporting period, maybe modified for the risk associated with a certain client.
The direct write off technique, also known as the direct charge-off method, is a mechanism used by corporations to settle bad debts to costs after an individual invoice has been determined to be uncollectible.
The primary distinction between the direct write off method and the allowance method is that, whereas the direct write off method records the accounting entry when bad debts materialize, the allowance method sets aside an allowance for possible bad debts, which is a percentage of credit sales made during the year.
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Regarding the measurement of capacity, when a firm provides a relatively small range of standardized products and services:
When a firm provides a relatively small range of standardized products and services output measures are applied. Productivity is the amount of output a business can produce with a specific quantity of input. For continuous profitability, it is crucial to consider labor productivity, or how productive a company's employees are.
There are several ways to measure the productivity, with modern techniques focusing on software tracking and monitoring. Benchmarks and goals for productivity vary per sector. Natural resources, capital, and labor hours are frequent inputs, whereas sales or the quantity of goods and services produced are typically used to measure output.
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state courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks. a. deceptive interviewing b. negligent hiring c. over recruiting d. staff inflation
The correct option is (b) negligent hiring.
State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.
What is negligent hiring doctrine?According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.
The causes of negligence hiring are-
Whether the employee's unfitness was the cause of the injuries that resulted Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.An employer be concerned about negligent hiring and retention because-
An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.The elements of a negligent retention claim include all of the following:
An affiliation with a company.The employee's lack of expertise.The employer may have had actual or constructive awareness of the ineptitude.An employee's action or inaction that resulted in the plaintiff's injuries.To know more about the negligent hiring with example, here
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