CA has nothing to do with FDI. Countries often engage in FDI in industries where the country they invest in has a comparative disadvantage.
When a nation's businesses make investments abroad, it promotes comparative advantage CA in the same sector at home.
What is comparative advantage -
The ability to create goods and services at a lower opportunity cost, not necessarily at a higher volume or quality, is referred to as having a comparative advantage.
What is FDI-
An entity based in another country makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI).
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which work value involves an atmosphere where employees have the freedom to make their own decisions? a accomplishment b brain stimulation c environment d relationships
The ability to complete things without being micromanaged is autonomy. It also includes having the freedom to decide for yourself whenever you choose.
According to the self determination continuum, humans progress from having little autonomy to having total control over their conduct.
People typically have direct control over their behaviour at this level of total autonomy, becoming self-determined.
The intrinsic and the extrinsic are the two main categories of motivation according to self-determination theory.
When one is engaged in a task because they find it interesting or enjoyable, they are acting with intrinsic motivation.
Internalization and integration are the outcomes of extrinsic motivation.
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Answer: accomplishment
Explanation:
during the month, tnt construction paid $300 to settle warranty claims. tnt uses an estimated warranty account. the journal entry to record the claims payment would have been:
The journal entry to record the payment would have been debit Estimated warranty payable, $300; credit Cash, $300.
A business may have a warranty policy, under which it guarantees to customers that, after the sale, it would repair or replace specific kinds of product damage. If the company has a reasonable estimate of the number of warranty claims that are likely to be made under the policy, it should set aside an expense that matches the cost of these anticipated claims.
The relevant product sales must be documented during the same reporting period as the accrual. By doing this, the financial records accurately reflect all costs associated with product sales and represent the full profitability of those sales.
The expense for warranties for sales made in the current period and in prior periods whose warranties have since been extended into the current period will be impacted if management modifies the warranty's coverage duration.
If the cost of warranty claims were only recognized when the company actually processed customer claims, the cost might not be realized for several months after the corresponding sales. This technique would result in abnormally large initial profits for the duration of the warranty period, followed by poor profits in subsequent months.
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a strategy involves employing essentially the same strategic theme (low-cost, differentiation, focused, best-cost) in all country markets, while allowing some country-to-country customization to fit local market conditions. multiple choice question. multidomestic transnational localized global
The correct answer is option B. Transnational strategy involves employing essentially the same strategic theme in all country markets while allowing some country-to-country customization to fit local market conditions.
In its operations, a transnational strategy makes use of a high degree of local responsiveness and a high degree of global integration. It aims to standardize as much as it can while simultaneously localizing its offerings to each worldwide market. Offering specialized goods and services for regional markets while maintaining a high level of standardization to gain from economies of scale is the aim of multinational strategy.
Large corporations that have a variety of subsidiaries, branches, or offices across numerous international markets frequently employ transnational strategy. Determining what remains constant across all worldwide communications and processes and where local subsidiary adjustments in global marketplaces are changed or authorized presents a difficulty.
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this question contains two parts; be sure to answer both. first, what is servant leadership, and what are the characteristics of a servant leader? second, assume that you are the manager of a college cafeteria. the cafeteria serves meals to students, faculty, and staff. describe four different ways in which you might use servant leadership to improve the customer service provided by your staff.
Answer:
A servant leader is dedicated to the growth of others as well as values-driven institutions that contribute to just, caring, and sustainable societies. Being a servant leader means valuing the power of teamwork as a necessary part of strengthening an organization's growth and success.
Ask the people what kind of food they want and what you could improve through surveys-listening.
Empathize with their feelings and try to see their point of view when they don't like something.
Foresee future outcomes and events. Be prepared for special events and have special meals for holidays.
Try to be self-aware of your cafeteria's strengths and weaknesses without being biased.
capital budgeting is the process of analyzing: question 6 options: cash outflows only. short-term investments. long-term investments. investments with certain outcomes only. operating revenues.
Capital budgeting is the process of analysing for Long-term investments only.
What is Capital budgeting ?Capital budgeting is the process a company undertakes to evaluate potential major projects or investments. Building a new factory or making a large investment in a foreign company are examples of projects that require a capital budget before approval or rejection.
5 Capital budgeting methods
Internal rate of return net present value Index of Profit Accounting rate of return Payment periodThe concept of the cost of capital of a company is used in capital budgeting as a possible basic discount rate applied to expected future cash flows of a proposed investment project that is considered acceptable or unacceptable.
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Anna purchases a wedding dress and takes the dress to jessica for alteration. Anna and jessica agree that anna will pay jessica $75 for the alterations. After jessica begins working on the dress, she has second thoughts. Jessica contacts anna and advises her that the alternations will cost $150 instead of $75. Because anna’s wedding is in just two weeks, anna reluctantly agrees. Once the alterations are completed, anna pays jessica the $75 originally agreed on. Is jessica entitled to the additional $75?.
Yes, Jessica is entitled to the additional $75 because Anna agreed to it, forming a valid contract.
What are the condition of a valid contract ?
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate compensation, capacity, and legality are: mutual assent, represented through a contract-compliant offer, In certain states, a legitimate alternative can satisfy the requirements of consideration. General damages, consequential damages, reliance damages, and specific performance are all possible compensation for contract breaches.
Contracts are created when one party's promise results in the creation of a responsibility between the parties. A promise must be given in return for sufficient compensation in order for it to be regarded as a contract. There are two various hypotheses or definitions to take into account: Benefit-Detriment theory of consideration and the bargain theory of consideration.
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evidence suggests that on average, individual investors who engage in excessive trading subsequently earn inferior returns. the excessive trading by individual investors is consistent with which of the following behavioral biases? evidence suggests that on average, individual investors who engage in excessive trading subsequently earn inferior returns. the excessive trading by individual investors is consistent with which of the following behavioral biases? overconfidence anchoring representativeness conservatism
Evidence suggests that individual investors engaging in excessive trading subsequently earn inferior returns. The excessive trading by individual investors is consistent with overconfidence bias.
Overconfidence bias occurs when investors believe that they have superior skills, experience, and expertise over their competitors. Because of this overconfidence bias, investors often end up investing in multiple trades claiming that they know which trade will be successful and which will not.
Investors often end up suffering loss and ethical issues too as they tend to take up the trade lightly due to overconfidence bias. Overconfidence bias leads to excessive trading and low returns due to increased investment in trades.
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which factor that influences value addresses the ease with which the property can be conveyed to another?
Location and accessibility are two factors that influence property values. They are connected, it's crucial to consider a structure location.
What is property values ?The process of formulating a value judgement for real property is known as property valuation. Contrary to corporate stocks, which are exchanged everyday and are identical, real estate transactions frequently require assessments because each property is unique and they happen seldom.
Demand and Supply for the good or service are determined by how much weight consumers currently and in the future attach to the four components of value (desire, utility, scarcity, and effective purchasing power).
Another important factor in valuation is the location. However, since real estate cannot be moved, its value is frequently affected by renovations or improvements made to the house. For example, appraisal reports are used as the foundation for mortgage loans, estate settlement, and taxation.
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a stock broker allocated $100,000 to an account earning 4% per year compounded continuously. if no withdrawals are made, how much was in the account at the end of four years? round the answer to nearest dollar.
$100,000 was allocated by a stockbroker to a portfolio yielding 4% annually compounded. If no withdrawals are taken, there will be $117,352 left in the account after four years.
Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.
According to the continuously compounded interest formula,
FV = PV [tex]e^{it}[/tex]
Here,
Present Investment Value, or PV
the interest rate, I
T = time in years
So,
In light of the specified
PV = $ 100,000
I = 4% = 0.04
t = 4 years
Hence
FV stands for "Final Investment Value"
Then,
FV = 100,000 * e⁰.⁰⁴ˣ⁴
FV = 100,000*e⁰.¹⁶
FV = 100,000 * 1.173510871
FV = 117351.0871
FV = 117351
Hence
The balance in the account after four years was = $117,352
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question mode multiple choice question what is one advantage of the high/low pricing strategy? multiple choice question. retailers do not have to incur the labor costs of changing price tags and signs frequently. it allows retailers to get rid of slow-selling merchandise. it limits the need for the weekly-sale advertising used in the everyday low-pricing strategy. customers do not have to wait for items they want to go on sale.
Advantage to a excessive low pricing method is in its achievable to entice new customers to the business.
Using advertised reductions and promotions on provide with a excessive low pricing strategy, customers may additionally choose to visit your enterprise even if they have in no way finished so before.
What makes a high-low pricing approach appealing?Advantages and Disadvantages of High-Low Pricing. Almost each retail commercial enterprise selling mass-market products makes use of this pricing strategy. Promoting a product twice as more cost effective as its ordinary rate approves corporations to beautify flash sales and impulse purchases.
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https://brainly.com/question/7303679#SPJ4after personal savings, the next largest source of capital for entrepreneurs is from after personal savings, the next largest source of capital for entrepreneurs is from state and local governments. friends and family. the small business administration. large multinational banks.
Friends and family are the next largest source of capital for entrepreneurs in times of lack of finance.
Who is an entrepreneur?An entrepreneur is a person who starts a new venture, by taking the most risks and waiting for the reward i.e., profit. Entrepreneurs are generally seen as innovators, sources of new ideas, products, services, and businesses/processes.Entrepreneurs play a vital role in any economy, using the necessary skills and initiative to anticipate needs and bring great new ideas to market. Successful entrepreneurs who take the risk of starting a startup are rewarded with opportunities for profit, prestige, and continued growth. A person who takes the risk of starting a new business is known as an entrepreneur.An entrepreneur starts a business to realize his idea of combining capital and labor to produce goods and services for profit, known as entrepreneurship.Entrepreneurship is extremely dangerous but highly rewarding as it helps create economic prosperity, growth, and innovation.To know more about entrepreneurs refer to
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dilly farm supply is located in a small town in the rural west. data regarding the store's operations follow: sales are budgeted at $300,000 for november, $320,000 for december, and $220,000 for january. collections are expected to be 70% in the month of sale and 30% in the month following the sale. the cost of goods sold is 75% of sales. the company desires to have an ending merchandise inventory at the end of each month equal to 80% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase. other monthly expenses to be paid in cash are $22,100. monthly depreciation is $26,000. ignore taxes. balance sheet october 31 assetsassets cashcash $ 30,000 accounts receivable accounts receivable 82,000 merchandise inventory merchandise inventory 180,000 property, plant and equipment, net of $624,000 accumulated depreciation property, plant and equipment, net of $624,000 accumulated depreciation 1,014,000 total assets total assets $ 1,306,000 liabilities and stockholders' equity liabilities and stockholders' equity accounts payable accounts payable $ 246,000 common stock common stock 750,000 retained earnings retained earnings 310,000 total liabilities and stockholders' equity total liabilities and stockholders' equity $ 1,306,000 expected cash collections at the end of december would be:
The December beginning inventory will be the November ending inventory. 180,000 is the merchandise inventory.
Cost of goods sold equals initial stock plus purchases minus final stock.
192,000+ Purchases - 132,000 = 240,000
Amount Spent = $180,000
The price of the goods I bought in December was $180,000.
The first choice is the best one.
Products that have been purchased from suppliers by a distributor, wholesaler, or retailer with the intention of reselling them to customers are referred to as merchandise inventory.
On the balance sheet of some types of enterprises, this may be the single largest asset. If these items are sold within an accounting period, their cost is added to the cost of goods sold and shown as an expense in the income statement for the period in which the sale took place. When an item's cost is recorded as a current asset and does not get sold during an accounting period, it remains on the balance sheet until it does.
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mr. and mrs. kain reported $80,000 agi on their joint return. the couple has four dependent children: beatrice, age 19; bruce, age 16; angie, age 11, and arnold, age 8. compute the kains' child tax credit.
$2,000 will be Mr. and Mrs. Kains' child tax credit. Hence, the correct choice of answer for this question would be option (b).
Explain child tax credit.Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom. Taxpayers with kids under 17 are eligible for the child tax credit. The CTC has been $2,000 per eligible child since 2018. For single filers earning up to $200,000 and married couples filing jointly earning up to $400,000, it is fully accessible.
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The complete question is mentioned below :
Mr. and Mrs. Kain reported $80,000 AGI on their joint return. The couple has four dependent children: Beatrice, age 19; Bruce, age 16; Angie, age 11, and Arnold, age 8. Compute the Kains’ child credit.
a. $1,000
b. $2,000
c. $3,000
d. $4,000
which statement is true about determining the quality of products or services? multiple choice question. consumers do not use prices to make quality judgments about services. nondiagnostic cues of the service provider cannot be used to make a determination of the quality of products or services. it is hard for consumers to assess the quality of services, due to their intangibility. prices can never be used as a quality indicator in high-risk purchases.
The statement "It is hard for consumers to assess the quality of services, due to their intangibility" is true about determining the quality of products or services.
A product's quality is determined by how well it satisfies consumer needs, accomplishes its purpose, and complies with industry standards. Businesses take into account a number of important factors when assessing a product's quality, such as whether it provides a solution to a problem, functions effectively, or serves the needs of customers.
The success of the business and the development of its reputation in target markets are both impacted by product quality, which is crucial. It can result in lower production costs, higher investment returns, and higher revenue when businesses are able to produce high-quality products that continue to satisfy customer demands.
Customers who depend on a company's meticulousness and commitment to meeting their needs value product quality as well. Consumers anticipate that products will satisfy their needs as advertised by the company when companies create products to fill needs in the market. They want items that aid in building a relationship with a brand so they can trust the services it provides. Customers can solve their problems safely and effectively with the help of high-quality products.
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is the term used to describe a substantial gift of money or property from the groom and his kin to the bride and her kin.
Bride price is the term used to describe a substantial gift of money or property from the groom and his kin to the bride and her kin.
What do you mean by the Bride price?
Bride Price can be defined as the concept in which the family of the groom pay their future in-laws at the start of their marriage. It can be in the form of money, presents, or a mixture of both. It is currently practised in Thailand, China, and Papua.
The main purpose of bride price includes paying for the future labour inputs of their daughter and her unborn children. It also symbolises that a man has kept his treasure where his heart belongs, that is the bride.
There are certain disadvantages related to bride Price including making marriage unequal. The woman tends to become an article of property in her home. It leads to 'commodifying' human relationships.
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the sales tax is $41.55 on a stereo system purchase of $884. find the sales tax rate rounded to one decimal place or tenth of a percent.
The sales tax rate is 7.5%.
The expected return on the stock can be calculated using the Capital Asset Pricing Model (CAPM)
Expected return (Ri) = Rf + Beta*(Rm - Rf)
Rm = Market return = 9%
Rf = Risk-free rate = 3%
For Big Jack Co.:
Beta = 1.5
Expected return (Ri) = 3% + 1.5*(9% - 3%)
= 3% + 1.5*6%
= 3% + 9%
= 12%
For Little John Co.:
Beta = 0.75
Expected return (Ri) = 3% + 0.75*(9% - 3%)
= 3% + 0.75*6%
= 3% + 4.5%
= 7.5%
Thus, Big Jack Co. has a higher expected return.
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'the sales tax is $41.55 on a stereo system purchase of $884. the sales tax rate rounded to one decimal place or tenth of a percent.is 7.5%.
A sales tax is a tax paid to a governing body on the sale of certain goods and services. Laws generally allow sellers to collect taxes from consumers at the time of purchase. When a tax on goods or services is paid by consumers directly to the governing body, it is usually called a use tax.
Sales tax is a percentage calculated amount added to the cost of a product or service when a consumer purchases it from a retail store. 45 states have state sales tax rates ranging from 1.76% (Alaska) to 9.45% (Tennessee).
Sales tax is an additional amount paid based on a percentage of the selling price of goods and services purchased. For example, if you buy a new TV for $400 and live in an area with a 7% sales tax, you will pay $28 in sales tax.
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given the answer to first question, what discretionary fiscal policy tool did arthur laffer propose that the united states utilize to increase tax revenues?
c. point C
According to Arthur Laffer, the 1980s US economy was operating at an excessively high-income tax rate, but not at 100%. As a result, the answer to the first question is point C.
c. decrease income tax rates
Given his assessment of the economy, Laffer proposed that the solution to increasing tax revenues was to lower tax rates. As a result, the answer to question two is to lower income tax rates.
Arthur Laffer was a supply-side economist who sought the lowest possible income tax rate in order to maximize government tax revenues. The economy would operate at point E with this hypothetical tax rate. He is not well known for his perspectives on government spending or demand management policies.
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The complete question is:
In the 1980s, Arthur Laffer proposed that the economy was operating around which point?
a. A
b. B
c. C
d. D
e. E
Given the answer to first question, what discretionary fiscal policy tool did Arthur Laffer propose that the United States utilize to increase tax revenues?
a. decrease government spending
b. keep income tax rates at the current level
c. decrease income tax rates
d. increase government spending
e. increase income tax rates
crane a can unload the container ship in 10 hours and crane b can unload in 14 hours. crane a started to unload the ship at noon and was joined by crane b at 2pm at what time was the unloading job completed?
A coefficient is the amount by which a factor is multiplied, and it is frequently used in financial formulas. In other words, it shows how many times a number has been added to itself.
What is an example of a coefficients?A multiplier that multiplies two variables.For Example : 35 /6 hrs. = 5 hrs., 50 mints.In 10 hours, Crane A can unload a ship.∴ In one hour, Crane A can unload 1/100 of the ship.
Similar to Crane A, Crane B can discharge 1/14 of the ship in one hour.In a similar manner, Crane B can unload 1/14 of the ship in a single hour.Consequently, both cranes can unload at once.1 /10 + 1 /14 = 12 /70 = 6 /35 of the ship in 1 hr.
Consequently, if both cranes cooperate, the ship will be fully unloaded in35 /6 hrs. = 5 hrs., 50 mints.
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you are responsible for collecting multiple reports across departments and synthesizing them into a final presentation for your boss to present at a company board meeting. the meeting is two days out, and department a still hasn't submitted its report despite multiple requests by you. how should you proceed?
I would proceed by making a visit to department A and insist that they complete the report within 24 hrs.
As I am responsible for collecting multiple reports across departments and synthesizing them into a final presentation, the report without including department A is unfair. The Boss can’t complete the presentation without the report or information from department A. It doesn’t matter whether the report from department A is vital to the presentation or not. It is my responsibility to collect the information and make a report for the boss to present at a company board meeting. Thus I will make a visit to department A and insist they complete the report within 24 hours, also I will send a mail to department A through the official channel mentioning the delay in submitting the report for a long time, also put a Carbon Copy of the mail to the boss just to get his attention on this serious issue. Then only there will be no mistake on my part.
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a state university hires an outside firm to develop and maintain their human resource system. this is called
Moving one or more activities in the value chain outside of the company's control to other companies in the industry's value chain is known as strategic outsourcing.
Why do some businesses opt for methods other than vertical integration?
Outsourcing enables businesses to focus on their core competencies while simultaneously lowering labor costs and expenses. In practice, vertical integration is time-consuming and costly, and outsourcing can also give a company a competitive advantage. However, vertical integration offers many advantages.
Which kind of corporate diversification is most likely to result in improved performance?
In any case, related expansion, where the organization shares fundamental assets across its business portfolio (e.g., brand, innovation, and circulation channels), can prompt more significant levels of execution than can irrelevant broadening, because of the potential for improved productivity from utilizing shared.
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allison is about to close on a house. she wanted to take advantage of the low interest rate on the fha mortgage that seller lawrence has, but interest rates have risen. so she got lawrence's lender involved and applied for his mortgage. what kind of sale is this?
According to the given information, This is Sale with assumption of a mortgage.
In order to qualify as a sale with mortgage assumption, Allison contacted Lawrence's lender and submitted an application to assume his loan. Despite the rarity of these sales, FHA and VA loans do permit them.
A home mortgage issued by a bank or other lender that has been approved by the Federal Housing Administration (FHA) is insured by the government.Many conventional loans have lower minimum down payments than FHA loans, and applicants may have lower credit scores than is typically required.Families with low to moderate incomes can obtain a FHA loan to become homeowners. First-time homebuyers are particularly fond of them.Learn more about Federal Housing Administration (FHA), here
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through what methods can a leader energize employees? group of answer choices show employees that work can be fun. be optimistic. be optimistic and show employees that work can be fun all answer choices are correct have a good work ethic.
The correction answer is option D. The leader can energize the employees by all the given methods.
How effectively you communicate with your staff will determine how you can motivate them. If you don't fully comprehend the team aim, it can be difficult to feel invested in it. Overcommunicate your objectives and the roles you anticipate each person to play. Inform your customers frequently about business changes and progress. High communication and close ranks are essential for preserving alignment during chaotic times.
Set tiny, attainable, short-term goals for each employee that are in line with the overarching mission objective as opposed to massive, long-term goals for your team. Trust your staff, and give them room to participate significantly. Ask for opinions. Listen carefully and find out how you may assist them in enhancing their performance. Create a nice work atmosphere for your staff.
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in an economy, out of 221.6 million potential workers, 180.65 million are employed. if the labor force in the economy is 200.5 million, calculate: a) the number of unemployed workers b) the unemployment rate c) the labor force participation rate d) the number of potential workers who are not a part of the labor force
Answer:
3456
Explanation:
Design an algorithm to convert a decimal number, n, to binary format
if the dollar, the yen, the euro or other single currency becomes seriously overvalued, a company with a production capacity in several countries can achieve competitive advantage by:
A company with a production capacity in several countries can achieve competitive advantage by shifting production among different sites.
Production capacity is the maximum amount of product that a business can generate over a certain period of time using its the available resources. This statistic is significant because it guides a manufacturer's crucial short- and long-term company decisions. One of the simplest ways to gauge capacity is to utilise the sum of production over a specific time frame. For instance, if your plant can create 20,000 gadgets on average each week, your total capacity is 20,000 the gadgets each week.
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stephen would like to foster goal commitment in his department. he decides to do this by encouraging the collaboration of employees and leaders on setting the specific proficiency level and due date for a major production goal so that the employees feel a sense of ownership over the goal. stephen has implemented a strategy known as
Stephen has used a strategy called participation in the given case.
The participation strategy outlines how we'll ensure that kids and teens are fully and meaningfully involved in all phases of decision-making and service provision that directly affects them. This technique is supported by modifications to law and policy that mandate a significant increase in the participation of children and young people in determining what occurs to them and how they are cared for.
Through the Children and Young People's Participation Partnership (CY3P), Calderdale Metropolitan Borough Council and Calderdale PCT are spearheading a coalition of organisations in the creation of the participation plan.
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dew drop inn had net revenue of $117,000 in 2020 and $100,000 in 2021. its fixed assets were $400,000 at the end of 2019, $380,000 at the end of 2020, and $360,000 at the end of 2021. in which year was the fixed asset turnover ratio better? multiple choice question. 2021, because the ratio was lower. 2021, because the ratio was higher. 2020, because the ratio was lower. 2020, because the ratio was higher.
The year with the better fixed asset turnover ratio was 2020.
The fixed asset turnover ratio is calculated as:
= Revenue / Fixed assets For 2020 it was:
= 117,000 / 380,000 = 47%
In 2021 it was: = 100,000 / 360,000 = 28%
How to calculate fixed asset turnover ratio?
The efficiency with which a business may use its long-term fixed asset base (PP&E) to produce income is gauged by the fixed asset turnover ratio.
Like the total asset turnover ratio, the fixed asset turnover ratio measures how effectively a corporation uses its assets (and producing sales).
The difference is that only long-term fixed assets, such as property, plant, and equipment (PP&E), are included in the fixed asset turnover ratio formula as opposed to both current and non-current assets.
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whether a good is a luxury or necessity depends on the group of answer choices price of the good. preferences of the buyer. intrinsic properties of the good. scarcity of the good.
A good is a luxury or necessity depends on preference share of the buyer.
Necessity goods refer to those goods for which there is no change in demand with a chnage in the income of consumer. Example : Salt, wheat flour, medicines etc.. These goods are essential for human existence and, therefore, they occupy a higher place in the consumers' order of preference.
When the income increases the consumer buys more of luxury goods. Necessity goods cannot be postponed even if the price increases, whereas luxury goods can be postponed if its price is too high.
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Which economic measure is the monthly measure of all sales of durable and nondurable goods bought by consumers?.
Retail sales are the monthly measure of all sales of durable and nondurable goods bought by consumers.
Retail sales, which include both in-person and online transactions, are the sales of consumer items or finished products by companies to ultimate customers. Products could be perishable or durable with long-anticipated shelf life such as groceries. Furniture, food, and clothing are a few examples of consumer goods.
Most of the time, a retail salesman deals with customers. They frequently greet customers, assist them in finding the merchandise they're looking for, respond to inquiries from customers, and take payments for goods. They could also put away clothes or restock shelves.
A crucial macroeconomic indicator that tracks consumer demand for completed goods is retail sales. A study compiles consumer purchases of both durable and non-durable products. The retail sales report aids analysts and investors in assessing the economy's health and potential inflationary pressures.
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which section of the uniform commercial code (ucc) defines usage of trade as any practice that members of an industry expect to be part of their dealings?
Warranty implied: Merchantability; Utilization of Trade1) If the seller is a merchant with regard to goods of that kind, a warranty that the goods shall be merchantable is implied in a contract for their sale unless excluded or modified (Section 2-316).
What parts of the Uniform Commercial Code include the "best bid" rule?The perfect tender rule, which can be found in Article 2 of the Uniform Commercial Code, states that a buyer has the right to reject goods shipped or delivered by a seller if the seller's tender of the goods isn't perfect.
The Uniform Commercial Code: What is It?The United Commercial Code (UCC) was a plan to create laws that reflected actual business practices. The UCC has been adopted in some form by each of the fifty states. The UCC's Article 2 deals with goods sales. tangible things that can be moved when they are added to a contract.
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if the buyer relies on the seller's skill or judgment to select the goods for that purpose, a(n) that the goods are suited for that purpose is created.
If the buyer relies on the seller's skill or judgment to select the goods for that purpose, an implied warranty is created.
A guarantee that is not expressedly stated in writing or verbally is known as an implicit warranty. The sale of commodities is governed by Article 2 of the Uniform Commercial Code ("UCC"). Regarding the sale of goods or real estate, an implied warranty is automatically assumed, preventing the transfer of risk to the buyer.
The presumption that the item you purchase will function is an illustration of an implied warranty. For instance, if you buy a washing machine, it is presumed that it will function and clean your clothing. The implied warranty that you receive when purchasing a sandwich from a deli is that it is edible.
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