A Project Manager develops a project management plan and schedule based on an agreed-upon project life cycle of 16 months. Later, due to changing business requirements, the Project Manager receives a request for completion within 9 months. How should the Project Manager respond to this proposed change in timeline?
SELECT THE CORRECT ANSWER
A. Work with key stakeholders to identify project requirements that could be reduced
B. Immediately ask project team members to increase the pace of each task within the project
C. Modify the original project schedule so that revised deadlines can be met
D. Meet individually with project team members to discuss how aspects of the project can be completed more quickly than planned
Answers
The project manager should work with key stakeholders to identify project requirements that could be reduced
Project managers can view the whole project plan in one location by using a project timeline, which is a visual list of tasks or activities arranged chronologically. The timings are frequently changed as a result of numerous factors. A project manager created a plan and timeline for the given instance based on a 16-month project life cycle that was decided upon.
Later, the Project Manager is given a request for completion within 9 months due to shifting business requirements. He should, therefore, in an ideal scenario, collaborate with important stakeholders to identify project requirements that can be scaled back. Reducing the project's needs will enable it to be finished more quickly and error-free.
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Related Questions
Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.
Answers
Answer:
1.51%
Explanation:
Recall that:
Total Output = \(A\times K^a \times ^{1-a}\)
here;
A = total productivity factor
K = capital input
L = labor input
SInce Landowners gets 50% of income; then a = 0.50
\(= A\times K^ {0.50} \times ^{1-0.50}\)
Output at 424BBC
\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)
\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)
\(=1.0151AK^{0.5}L^{0.5}\)
Thus, the growth rate from 425 BCE to 424 BCE :
= 1.0151 - 1
= 0.0151
= 1.51%
In noting that he had "yet to engage in a direct-action campaign that was ‘well timed,’" martin luther king, jr. , was most likely arguing against:.
Answers
Martin Luther King, Jr. was argued that African-Americans should be more patient and that civil rights should not be for all.
Who is Martin Luther King Jr?Martin Luther King Jr can be regared as an American Baptist minister as well as
activist who was the civil rights movement leader in 1955 .
Therefore, he stressed that African-Americans should be more patient and that civil rights should not be for all.
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What is securitisation? Explain briefly the securitisation process and the reasons why banks choose to securitise their assets. Discuss the role of mortgage-backed securities in the financial crisis of 2007-2008.
Answers
Securitization is the process of converting illiquid assets into marketable securities. Banks choose to securitize their assets to obtain liquidity, reduce risk exposure, and diversify their portfolios. It involves packaging a pool of assets, such as mortgages or loans, into a financial instrument called a securitized asset or security. These securities are then sold to investors in the capital markets.
The securitization process typically involves several steps. First, the bank identifies a pool of assets with similar characteristics, such as mortgage loans. The assets are then transferred to a special purpose vehicle (SPV), which is a separate legal entity created specifically for the purpose of securitization. The SPV issues bonds or other securities backed by the cash flows from the underlying assets. These securities are then sold to investors in the secondary market. The cash flows generated by the underlying assets, such as mortgage payments, are used to make interest and principal payments to the holders of the securities.
Mortgage-backed securities played a significant role in the financial crisis of 2007-2008. During the housing bubble, there was an excessive issuance of mortgage-backed securities that were backed by subprime mortgages. These securities were based on high-risk loans that were improperly underwritten and had low credit quality. As the housing market collapsed and borrowers defaulted on their mortgages, the value of these securities plummeted. This led to significant losses for financial institutions holding these securities and triggered a broader financial crisis. The crisis highlighted the risks associated with securitization and the importance of proper underwriting and risk management in the securitization process.
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Capital has diminishing returns in the Solow model, but ideas do not have diminishing returns in the Romer model because Group of answer choices capital is scarce, but new ideas are not scarce. capital is a rival object, but ideas are non-rival. capital depreciates because it is a physical object, but ideas cannot depreciate because they cannot physically break over time. capital is excludable, but ideas are non-excludable.
Answers
Answer:
capital is a rival object, but ideas are non-rival.
Explanation:
The ideas are non rivalrous and have no restrictions on their return.Which option completes the explanation for conflict of interest in an organization?
Answers
Answer:
Explanation:
conflict of interest is defined as a condition where an individual or organization is in a conflicting situation where the fulfillment of one’s interest could mean the detriment to the others. organizations tend to avoid these kinds of situations to occur, especially between the employee and the organization.
Not showing up to work on time on a regular basis could cause your manager to question your:
Professionalism
fit between your interests and your job
choice of transportation mode
planning skills
I DONT KNOW YET
Answers
Answer:
Professionalism.
Explanation:
Professionalism can be defined as an act which typically involves the positive behavior, conduct and attitude that are being exhibited by an employee. Thus, being a professional simply means that the person displays some level of professionalism such as being responsible, punctual, excellent, ethical, respectful, dedicated, dogged etc.
Basically, it is very important and essential for employees to act in a professional manner while performing their job functions or executing various tasks.
Hence, not showing up to work on time on a regular basis could cause your manager to question your professionalism.
1) When Eaton's customers became aware that they needed solutions for power management, energy savings, green technologies, and LEED certification, they were in which phase of the business buying process? a not selected option a Product specification b not selected option b Problem recognition c not selected option c Proposal solicitation d not selected option d Performance review e not selected option e General need description
Answers
Answer:
b Problem recognition
Explanation:
Eaton's customers are at the stage of problem recognition because they are recognizing a problem or necessity that hey have, and have determined what goods and services will meet that necessity or solve that problem.
In this case, the necessity is likely related to sustainability, and the goods and services that have been determined to meet that necessity are: solutions for power management, energy savings, green technologies, and LEED certification.
The ____________ is the centerpiece of corporate governance and is composed of inside and outside members.A. ShareholdersB. Scientific Advisory BoardC. Chief Executive's Office (C-Suite)D. Board of Directors
Answers
The Board of Directors is the centerpiece of corporate governance and is composed of inside and outside members. The correct option is d) Board of Directors.
The Board of Directors is responsible for overseeing the management of the company and making important decisions that affect the company's direction and success. Inside members of the board typically include senior executives of the company, while outside members are independent directors with diverse backgrounds and experience. The board's primary responsibilities include monitoring the company's performance, providing strategic direction and guidance, approving major business decisions, and ensuring that the company is operating in accordance with relevant laws and regulations.
The Board of Directors also has a fiduciary duty to act in the best interests of the company's shareholders. To ensure effective governance, boards need to have a balance of skills, experience, diversity, and independence. Strong corporate governance is essential for building trust with stakeholders and ensuring the long-term success of the company. The correct option is d) Board of Directors.
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lakeview, inc.'s statement of cash flows reports financing activities with payments that exceed receipts. this means that lakeview had a net cash (inflow/outflow)
Answers
Financing activities involve transactions related to borrowing and repaying money, issuing and repurchasing stock, and paying dividends. Payments exceeding receipts indicate that Lakeview made more payments for these financing activities than it received.
A net cash outflow from financing activities could be the result of several factors. For instance, Lakeview may have paid off a significant amount of debt during the reporting period, reducing its liabilities. Additionally, the company might have repurchased its own stock or paid dividends to shareholders. These actions can result in a reduction in cash available for other activities.
It is important to note that a net cash outflow in financing activities does not necessarily indicate financial trouble. It is a normal occurrence for companies to make payments for financing activities, especially during periods of growth or strategic restructuring. The statement of cash flows provides insights into how Lakeview manages its financial resources and allocates capital to support its operations and future growth.
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If you are the buyer and your closing costs are 4% of the loan amount, how much will you pay if the loan amount is $200,000?
Answers
Answer:
$8,000
Explanation:
Closing costs are fees levied on mortgage takers. They are paid at the closing stages of a mortgage to cover the costs of transferring the title to the buyer and other expenses.
If the mortgage is $200,000 and closing costs at 4%, the actual amount to be paid as the closing cost will be,
= 4% of $200,000
=4/100 x $200,000
=0/04 x $200,000
=$8,000
Along with the amount of financial aid, which is the most important to pay attention to when trying to determine financial aid costs in relation to your personal budget?
Answers
Prompt attention to the interest rates is important in determining financial aid costs.
What is Financial aid?This is the money which is usually given to students to help for school or other courses.
These aids usually come with an outlined interest rates which should be taken note of in order to determine financial aid costs in relation to the individual's personal budget.
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Answer:
the amount of money and hours you can earn through work-study?
Explanation:
Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2024 . The p FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the subject to unemployment tax. Also, the company provides the following benefits for en to the company, $3,000 ), life insurance (cost to the company, $330 ), and retirement be 10% of salaries expense). i) (Click the icon to view payroll tax rate information.) Requirements 1. Journalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Ricardo's total expense for 2024 related to payroll? Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2024 . The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $22,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $3,000 ), life insurance (cost to the company, $330 ), and retirement benefits (cost to the company, 10% of salaries expense). (Click the icon to view payroll tax rate information.) Read the Requirement 1. Journalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required. Begin with the entry to accrue Ricardo's employer payroll taxes. (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.) Ask my instructor
Answers
To journalize Ricardo's expenses for employee benefits and payroll taxes, you would need to consider the following:
1. Accrue Ricardo's employer payroll taxes:
Debit: Payroll tax expense (amount for FICA tax, state unemployment tax, and federal unemployment tax)
To journalize Ricardo's expenses for employee benefits and payroll taxes, you would need to consider the following:
1. Accrue Ricardo's employer payroll taxes:
Debit: Payroll tax expense (amount for FICA tax, state unemployment tax, and federal unemployment tax)
Credit: Accrued payroll taxes payable
2. Record expenses for employee benefits:
Debit: Employee benefits expense (amount for health insurance, life insurance, and retirement benefits)
Credit: Accrued employee benefits payable
3. Calculate the total expense for payroll in 2024:
Add up the salaries expense ($62,000), payroll tax expense, and employee benefits expense.
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be strategy-driven and based on how much each organizational unit requests depend on how much stretch there is in each department's objectives and what additional resources are needed to help reach these performance targets. be linked to the costs of performing value chain activities as determined by benchmarking against best-in-industry competitors. primarily be based on the number of new strategic initiatives being implemented in each operating department. not be based on the number of people employed in each of the divisions.
Answers
The allocation of resources within an organization should be strategy-driven and take into account the stretch in each department's objectives and the additional resources required to achieve performance targets.
When allocating resources within an organization, it is important to ensure that the allocation is aligned with the organization's overall strategy. This means considering how much stretch exists in each department's objectives and determining the additional resources needed to help them reach their performance targets. The resource allocation should be driven by the strategic priorities of the organization and the specific needs of each department.
To effectively allocate resources, benchmarking against best-in-industry competitors can provide valuable insights into the costs associated with performing value chain activities. By comparing the organization's performance and costs to those of its competitors, it becomes possible to identify areas where resource allocation can be optimized and improvements can be made.
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Chelsea is a marketing associate at a cosmetics company. She submits a weekly activity report summarizing her work to the marketing manager. What type of communication does this scenario describe
Answers
The type of communication that this signifies in the workplace is what is known as upward communication.
What is upward communication?This is the type of communication that exists in the workplace where information flows from those at the bottom to those that are at the top.
This is a situation where information is known to flow from the people that are the subordinates to their seniors in the office.
Chelsea, is a subordinate who is submitting her work to her superior in the workplace.
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Journalize the following considering the seller is a SERVICE provider (i.e. NOT a manufacturer)
>> Assigned labor costs based on time cards for the month which indicated labor costs of 100,000 (80% direct and 20% indirect).
Group of answer choices
DR: Service Contracts In Process 80,000
DR: Manufacturing Overhead 20,000
CR: Payroll Liabilities 100,000
DR: Work in process 80,000
DR: Manufacturing Overhead 20,000
CR: Payroll Liabilities 100,000
DR: Service Contracts In Process 80,000
DR: Operating overhead 20,000
CR: Payroll Liabilities 100,000
DR: Service Contracts In Process 80,000
DR: Payroll Liabilities 100,000
CR: Manufacturing Overhead 20,000
Answers
The journal entry for a service provider would be:
DR: Service Contracts In Process $80,000
DR: Operating Overhead $20,000
CR: Payroll Liabilities $100,000
In this entry, the assigned labor costs of $100,000 are recorded. $80,000 is debited to the Service Contracts In Process account, representing the direct labor costs associated with the service contracts being worked on. $20,000 is debited to the Operating Overhead account, reflecting the indirect labor costs incurred in providing the services. Finally, the Payroll Liabilities account is credited for the total labor costs, indicating the company's obligation to pay its employees for their work. This journal entry accurately reflects the allocation of labor costs for a service provider.
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How do I view my work schedule Six Flags?
Answers
Answer:
you should have an username and password and just log in with six flag . try going to https://six.flag.team
Explanation:
I hope that help you
Your company has developed an organic molecule with commercial potential and you know how to produce it in the lab. You want to increase production and make as much of the molecule as possible, but the reaction has a positive δg°. What can you do to try to drive the reaction toward your desired product?.
Answers
You can continually remove products increase the concentration of reactant to try to drive the reaction toward your desired product.
A system that is already in equilibrium is thrown out of equilibrium by the addition of an additional quantity of one of the reactor or one of the products. Then, in order to return the situation to equilibrium, either the forward or the reverse primer will take place. Le Chatelier's concept makes it simple to determine which of these two outcomes will occur. The system will adjust to counteract the increase in concentration of this component if we increase the amount of one of the products. To some extent, the opposite reaction will take place so that part of the extra product can be digested. On the other hand, the system will adjust by enabling the forward reaction to happen if one of the reactants is added.
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A 2014 study by researchers at the University College Antwerp and the University of Leuven showed that e-cigarettes are effective at reducing cigarette craving. Participants were separated into two groups; one group was given e-cigarettes and the other was told to not smoke e-cigarettes. Two months later, researchers observed how many participants had stopped smoking cigarettes
Answers
The probability that a participant who was selected at random and given an e-cigarette did not quit smoking are listed in the following table as being
What are the benefits of probability in business?Probability establishes the possibility of an event occurring. Risk management employ the probability analysis technique to foresee future occurrences, such as unintentional and commercial losses. In this procedure, past loss data is examined in order to generate a probability distribution that can be applied to forecast future losses.
Businesses employ the fundamental ideas and concepts of probability to help them make business and marketing decisions. Sales forecasting, for instance, predicts how much money will be made in the future, while scenario analysis aids organizations in analyzing the potential outcomes of future marketing activities. Probability's main purpose is to facilitate decision-making in the presence of uncertainty.
Given:
P( Not Stop Smoking/received e-cigarette)
= \(\frac{n(Not Stop Smoking/received e-cigarette)}{nreceived e-cigarette}\)
= \(\frac{21}{32}\)
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The complete question is:
A 2014 study by researchers at the University College Antwerp and the University of Leuven showed that e-cigarettes are effective at reducing cigarette craving. Participants were separated into two groups; one group was given e-cigarettes and the other was told to not smoke e-cigarettes. Two months later, researchers observed how many participants had stopped smoking cigarettes
The following table shows approximate numbers.
Participants Stopped Smoking Did Not Stop Smoking Total
Given e-cigarette 11 21 32
Not given e-cigarette 0 16 16
Total 11 37 48
According to the table, what is the probability that a randomly chosen participant did not stop smoking, given that the participant received an e-cigarette? Give your answer as a fraction in simplest form.
What should I write at the bottom of my resume?
Answers
Answer & Explanation:
The last section to consider adding to your resume is a shortlist of any other relevant accomplishments or volunteer work. Only include those that are relevant or that may help create a better picture of who you are as an individual as related to the position you're applying for.
An insurance that you pay if your down payment is less than 20 percent of the total cost of the house _____.
a. an ARM
b. an escrow account
c. PMI
d. a balloon loan
Answers
Answer:
Hello There!!
Explanation:
I think the answer is c.PMI because that is the only option which best fits into the sentence.
hope this helps,have a great day!!
~Pinky~
\(\huge{\textbf{\textsf{{\color{navy}{An}}{\purple{sw}}{\pink{er}} {\color{pink}{:}}}}}\)
C. PMI
ThanksHope it helps3. Visit the Nuqul Group website and find other references to discuss the corporate growth strategy of this family business and provide your analysis for the factors that contributed to its success, what would be your recommendations for the future.
Answers
Answer:
the success of a family business like the Nuqul Group can be attributed to several factors. Here are some common factors that contribute to the success of family businesses:
Strong Leadership and Vision: Successful family businesses often have a clear and strong leadership that sets a compelling vision for the company. This includes establishing long-term goals, maintaining family values, and ensuring a smooth succession plan for future generations.
Long-Term Orientation: Family businesses tend to have a long-term perspective, focusing on sustainable growth rather than short-term gains. This allows them to make strategic decisions that prioritize stability and continuity.
Adaptability and Innovation: Family businesses that thrive in the long run are usually adaptable to changing market conditions and embrace innovation. They continuously seek ways to improve their products, services, and operations, enabling them to stay competitive.
Strong Corporate Governance: Implementing effective corporate governance practices is crucial for family businesses to maintain transparency, accountability, and professionalism. Establishing clear roles and responsibilities, professionalizing management, and separating family and business matters are essential for sustainable growth.
Strong Relationships: Family businesses often benefit from strong relationships with customers, suppliers, employees, and the local community. These relationships are built on trust, loyalty, and a shared sense of purpose.
Moving forward, here are some recommendations for the future growth and success of a family business:
Embrace Strategic Planning: Develop a comprehensive strategic plan that aligns with the long-term vision of the company. This plan should include clear goals, strategies, and action plans to drive growth and overcome challenges.
Invest in Talent and Professional Development: Family businesses should prioritize attracting and retaining top talent. Developing a professional work culture, providing training and development opportunities, and offering competitive compensation and benefits can help attract skilled professionals and improve overall performance.
Foster a Culture of Innovation: Encourage a culture of innovation and entrepreneurship within the organization. Invest in research and development, explore new technologies, and embrace change to stay ahead of competitors and meet evolving customer needs.
Diversify Revenue Streams: Explore opportunities to diversify the business by expanding into new markets, launching new products or services, or acquiring complementary businesses. Diversification can help mitigate risks and create new avenues for growth.
Establish Effective Governance Structures: Implement strong corporate governance practices to ensure transparency, accountability, and fairness. This includes establishing independent boards of directors, creating policies and procedures, and conducting regular performance evaluations.
Embrace Digital Transformation: Leverage technology to improve efficiency, enhance customer experiences, and streamline operations. Embracing digital transformation can help family businesses adapt to changing market dynamics and unlock new growth opportunities.
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a firm is choosing between machines that perform the same task in the same time. assume minimum attractive return is 7%. which machine would you choose?
Answers
Based on the given information, the machine that should be chosen is the one that offers a return higher than the minimum attractive return of 7%.
When comparing machines that perform the same task in the same time, the decision should be based on the return on investment (ROI). The minimum attractive return of 7% serves as the benchmark or threshold for the acceptable return on investment.
If one of the machines offers a return higher than 7%, it would be the preferred choice because it exceeds the minimum attractive return and provides a higher potential for profitability. On the other hand, if both machines offer returns below 7%, neither machine would be considered suitable for investment.
Therefore, the specific machine to choose cannot be determined without knowing the actual returns offered by each machine. The decision would depend on comparing the returns of the machines and selecting the one that offers a return higher than 7%.
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Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answers
Answer:
A. a bar graph is the answer
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
Answers
Answer:
-1.5
Explanation:
Given the following :
Rothschild index = 0.6
Elasticity of demand for total market = - 0.9
Annual sale = $1,450,000
Elasticity of demand for a representative retailer's product :
Using the Rothschild demand Elasticity relation:
Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product
0.6 = - 0.9 / Elasticity of demand for a representative retailer's product
Elasticity of demand for a representative retailer's product = - 0.9 / 0.6
= - 1.5
can i doit without pay
Answers
Answer:
what?
Explanation:
BUSI 2003 Topic: Economic growth and productivity Group activity: After watching the video, each group will discuss/answer the following assigned question(s) and prepare for the large group discussions. Q1: Why were not the Ford cars affordable before the Model T came to the market? And how could ford sell half a million car per year with a price even below $600 ? Q2: How did he increase labour productivity? Q3: What are the side effects of the economic growth, if any? Are they really the product of the economic growth? Q4: Would you agree with the conclusions made from the report issued by the Club of Rome? Explain your answer. Q5: How were the problems stemmed (or that was predicted to arise) from the rapid economic growth solved to some extent? Any market correction or adjustments?
Answers
Ford cars were expensive before Model T. Lowered prices with assembly line production. Increased labor productivity with the assembly line. Economic growth can cause environmental issues, and inequality, but not inherent. Agreement on the Club of Rome report is subjective. Problems are tackled through market corrections, regulations, and tech advancements.
Q1: Before the Model T, Ford cars were not affordable primarily due to inefficient production methods, lack of standardization, and high production costs. Henry Ford introduced assembly line production and standardized parts, which significantly reduced production time and costs, allowing for mass production and lower prices.
Q2: Ford increased labor productivity through the implementation of the assembly line. This production method divided tasks into smaller, specialized steps, reducing the time required to assemble each car and increasing overall efficiency. It allowed workers to focus on specific tasks, resulting in faster production and higher output.
Q3: Side effects of economic growth can include environmental degradation, income inequality, and resource depletion. While these side effects can be associated with economic growth, they are not inherently products of economic growth itself. Proper regulation, sustainability measures, and social policies are needed to mitigate these effects.
Q4: The agreement with the conclusions made from the report issued by the Club of Rome will depend on the individual's perspective. The report, titled "The Limits to Growth," highlighted concerns about the finite nature of resources and the potential consequences of unchecked economic growth. Some may agree with the report's warnings and advocate for sustainable practices, while others may hold differing opinions on the possibilities and solutions presented.
Q5: The problems stemming from rapid economic growth were addressed through various market corrections and adjustments. These include regulatory measures to mitigate environmental impacts, social policies to address income inequality, and technological advancements to increase resource efficiency. Market forces, such as supply and demand dynamics, also played a role in shaping the economy and influencing corrective actions.
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"
At a depth of 450 m, a 9-m diameter circular tunnel (Fig. 1) is
driven in rock having a
unit weight of 25 kN/m3 and uniaxial compressive and tensile
strengths of 70. 0 MPa and
2. 8 MPa, respectively. 19
"
Answers
The tunnel is driven at a depth of 450 m in rock with a unit weight of 25 kN/m3 and uniaxial compressive and tensile strengths of 70.0 MPa and 2.8 MPa, respectively.
1. The tunnel is circular with a diameter of 9 m.
2. The tunnel is driven at a depth of 450 m.
3. The rock in which the tunnel is driven has a unit weight of 25 kN/m3.
4. The rock has uniaxial compressive strength of 70.0 MPa, which means it can withstand a maximum compressive stress of 70.0 MPa before failing.
5. The rock also has a tensile strength of 2.8 MPa, which means it can withstand a maximum tensile stress of 2.8 MPa before failing.
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On March 1st, Jared buys Matthew's car for $10,000 and they agree that Jared will pay Matthew the full amount by June 1st. Jared begins making payments to Matthew, but on May 1st, Jared still owes Matthew $5000. On May 1st, Jared sells Sarah his motorcycle for $5000. Jared and Sarah agree that Sarah will not pay Jared $5000, but Sarah will instead pay Matthew the $5000 Jared still owes him. Matthew agrees to receive the $5000 from Sarah. After making this agreement, Jared changes his mind and tells Sarah to pay him on May 1st and not Matthew. Can Jared do this
Answers
Answer: No, an assignment for consideration is irrevocable
Explanation:
The above scenario explains an assignment. An assignment simply occurs when an individual who is regarded as the assignor, transfers benefits to another person who is the assignee.
With regards to the situation in the question, it is not possible for Jared to change his mind and tells Sarah to pay him on May 1st and not Matthew. This is because this is an assignment for consideration which in this situation is irrevocable. The assignment will be deemed ineffective if the assignor doesn't receive consideration for the agreement.
A&E) Subscription received in cash Rs 60,000; subscription received in advance for next year Rs 3,000 and received in advance during previous year is Rs 2,000.Subscription in arrears at the end of current year Rs 5,400 . Amount credited to Income and Expenditure Account will be :(a)Rs 53,600(b)Rs. 55,600(c)Rs. 66,400(d)Rs. 64,400
Answers
Answer:
Amount credited to Income and Expenditure Account = Rs64,400
Explanation:
Given:
Subscription received in cash = Rs60,000
Subscription received in advance = Rs3,000
Subscription in arrears at the end of current year = Rs5,400
Subscription received in for previous year = Rs2,000
Find;
Amount credited to Income and Expenditure Account
Computation:
Amount credited to Income and Expenditure Account = Subscription received in cash + Subscription in arrears at the end of current year + Subscription received in for previous year - Subscription received in advance
Amount credited to Income and Expenditure Account = 60,000 + 5,400 + 2,000 - 3,000
Amount credited to Income and Expenditure Account = 67,400 - 3,000
Amount credited to Income and Expenditure Account = Rs64,400
according to a concept called theory, it is more effective for the units of a growing chain to be run by franchisees than by managers because managers are usually paid a salary and may not be as committed to the success of their individual units as franchisees, who are in effect the owners of the units they manage.
Answers
According to a concept called Agency theory, it is more effective for the units of a growing chain to be run by franchisees than by managers.
What is Agency Theory?
Agency theory is an economic theory that views corporations as a series of contracts between selfish individuals. An agency relationship occurs when one person (the principal) authorizes another person (the agent) to act on their behalf.
Why Agency Theory Matters?Agency theory is used to understand the relationship between agents and principals. Agents are expected to represent the principal in certain commercial transactions and to represent the principal's best interests, regardless of their own interests.
What are the advantages of agency theory?First, it provides incentives for management to take actions that increase shareholder wealth. Second, these plans help companies attract and retain managers who are confident about putting their financial future at risk. This should lead to better performance.
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