A company’s accounting system records transactions that affect different accounts. Every account can be categorized into two primary classifications, namely, permanent accounts and temporary accounts. The main differences between the two account types are their contents and usage in the accounting process.Permanent AccountsPermanent accounts refer to accounts that record transactions throughout the entire life of a company. These accounts do not close at the end of a financial year but carry forward to the next fiscal year.
A company’s accounting system records transactions that affect different accounts. Every account can be categorized into two primary classifications, namely, permanent accounts and temporary accounts. The main differences between the two account types are their contents and usage in the accounting process.Permanent AccountsPermanent accounts refer to accounts that record transactions throughout the entire life of a company. These accounts do not close at the end of a financial year but carry forward to the next fiscal year. Permanent accounts track a company’s financial status and include accounts that have financial information that does not reset every fiscal year. Examples of permanent accounts are Common stock, Retained earnings, Accounts receivable, and Accounts payable.Temporary AccountsTemporary accounts, also referred to as nominal accounts, refer to accounts that accumulate transactions for a specified period, usually a fiscal year, and are closed at the end of the year. These accounts collect revenue, expense, and gain/loss transactions. At the end of the fiscal year, the balances of the temporary accounts are transferred to the retained earnings account, a permanent account. Examples of temporary accounts are Service revenue, Rent expense, Dividends, and Unearned revenue.Indicating if the given account is temporary or permanent:1. Rent Expense – Temporary account2. Accounts Payable – Permanent account3. Service Revenue – Temporary account4. Common Stock – Permanent account5. Accounts Receivable – Permanent account6. Retained Earnings – Permanent account7. Dividends – Temporary account8. Unearned Revenue – Temporary accountIn conclusion, temporary accounts are used to record transactions that affect the current fiscal year, while permanent accounts record transactions that affect the entire life of the company.
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Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits
The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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Owing to globalization and rapid technological change over the past few decades, the major contemporary issues in management lies in the need for efficient managers. More and more organizations today face a dynamic and changing environment. This, in turn, makes these organizations either to change or perish. There are five (5) specific forces that are acting as stimulants for change, state and explain them with relevant
Answer:
The five Specific forces acting as stimulants for change are (1)Globalization, (2)Social trends (3)Competition (4)Changes in Technology (5)Changes in Law and political behavior.
Explanation:
Solution
The Five specific forces as stimulants for change is stated below:
Globalization: globalization has also affected the domestic organizations more often. Globalization has led to the increase of the competition for every industry. for this, every domestic business would have to adopt some change is in its operations to maintain its market share and to get a competitive advantage over others.Social trends: social trends in any market would act as a stimulus for organizational environment and change as they would help the business get a first-mover advantage. for example, any social movement such as ripped jean or Bell bottom jeans, made the various companies in the same industry to adopt some changes.Competition: the entrance of new competition in the market forces the existing business organizations to acquire some changes to get a competitive advantage.Changes in technology: It is one of the significant changes in the business environment, which acts as a substance for the change in the organization. If any business wants to prosper and survive for a longer period, then it would have to acquire changes according to the technological changes in the environment to attend the competitive environment and a continually increasing market share.Changes in law and political behavior: if there are changes in government or law in any country, it may bring some changes for the business. It would force the business to adopt such changes. for example some laws related to the environmental Protection force are the business to produce environment-friendly products and adopt green technology.GUYS PLEASE HELP ME!!!!!20 POINTS!!!!
Select the communication type that is being used in the following example.
Two co-workers near the copy machine are discussing the upcoming company meeting.
external formal communication
external informal communication
internal formal communication
internal informal communication
Answer:
exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.
Explanation:
what are the three primary ways to manage a product through its life cycle?
Modifying the market, modifying the product and repositioning the product are the three primary ways to manage a product through its life cycle
A product's life cycle is the span of time between its initial release and eventual discontinuation. The four stages of a product's life cycle are introduction, growth, maturity, and decline. When a product is first introduced to the market, a company often spends more on marketing, but as product usage rises, sales grow. When customer acceptability increases, a product's sales stabilize and peak, but they may subsequently begin to decline due to competition or obsolescence. Making business decisions about everything from pricing and advertising to expansion or cost-cutting may benefit from understanding the product life cycle.
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T/F: a two-for one stock split would the number of shares outstanding, whereas a 10% stock dividend will increase the number of shares outstanding by only 10%.
True.
A two-for-one stock split would double the number of shares outstanding, whereas a 10% stock dividend would only increase the number of shares outstanding by 10%.
What is a stock split?
A stock split is a business practice in which a business divides its current shares into several new ones. A company might undertake a stock split to make the shares more appealing to prospective shareholders.
They can also do it to increase trading activity and/or to give current shareholders additional shares, which can be used to vote on future corporate matters or sold for profit.
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1. Prepare the journal entries for Star Inc. For the month of December: 12/2 Purchased $20,000 of merchandise from Tang Corp., terms 1/20, n/40; FOB shipping point 12/3 The appropriate party paid $150 for shipping costs related to the 12/2 transaction 12/6 Returned $2,000 of merchandise to Tang Corp for credit 12/10 Sold $500 of merchandise to R. Smith, terms 2/10, n/30; cost of merchandise was $120; FOB shipping point 12/11 The appropriate party paid $20 for shipping costs related to the 12/10 transaction 12/18 Received the balance due from R. Smith 12/21 Paid Tang Corp the balance du
Answer:
1.Purchases (Dr.) $20,000
Accounts Payable (Cr.) $20,000
2.Shipping cost (Dr.) $150
Cash (Cr.) $150
3.Purchase return (Dr.) $2,000
Purchases (Cr.) $2,000
4.Account Receivable (Dr.) $500
Sales (Cr.) $500
5.Freight expense (Dr.) $20
Cash (Cr.) $20
Explanation:
The journal entry at the time of purchase will be recorded as accounts payable for complete invoice amount and discount is not incorporated in the entry because it is not realized. The adjusting entry will be recorded when the discount is availed to adjust the transaction and reflect the discount effect in the book of accounts.
what is the importance of small businesses
Explanation:
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
It helps us cater for our family hence reducing financial stress.
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. this document is called
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. This document is called Cash receipt prelist.
A clerk is a person who works in an office, typically doing administrative or secretarial work. Clerks are often responsible for keeping records, filing documents, and performing other office tasks.
In some cases, clerks may also be responsible for customer service or sales. Clerks typically work in business or government offices, though they may also be found in other settings such as schools or hospitals.
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Which was the first company ever to get a capitalization of $1 trillion?
On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market capitalization.
On August 2, 2018, Apple became the first publicly traded U.S. business to reach a $1 trillion market capitalization. On August 19, 2020, just over two years later, it reached a $2 trillion valuation. Peers of Apple aren't far behind. Microsoft is at over $2.5 trillion, and Amazon is worth roughly $1.75 trillion. In 2021, Apple stock increased 34%.
In January 2022, Apple's market capitalization reached $3 trillion. The landmark, which is largely symbolic, shows that investors have recognised Apple's achievements over the past few years, during which time the company has announced numerous record-breaking quarters of significant growth across all of its product lines.
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The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. A. True B. False
The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. The statement is true.
The Request for Quote (RFQ) process is a common procurement method used by organizations to gather information and compare pricing for products or services from potential vendors. The RFQ enables a customer to solicit competitive bids from various vendors to ensure that they are getting the best value for their money. The customer can compare the quotes provided by the vendors and choose the one that best meets their requirements and budget.
Request for Quote (RFQ) is a procurement process used by organizations to obtain competitive bids from vendors for products or services. The RFQ specifies the requirements, terms, and conditions of the purchase, and vendors respond with quotes that the customer can compare to select the best offer.
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A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
Option D. asset's remaining economic life.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the asset's remaining economic life.
The IRS rule is that you claim depreciation on leased equipment if your contract is a lease-to-own arrangement. If it's a not-to-own lease, you deduct the payments as a regular business expense, even if the lease meets GAAP's five-fold test for a finance lease.
A bargain purchase option and a guaranteed residual value of identical amounts are in the computation of the annual depreciation. In the case of a guaranteed residual value, the lessee depreciates the asset over the lease life.
Your question is incomplete. please read below to find the full content.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
a."life of the asset or the term of the lease, whichever is longer."
b. term of the lease.
c. period ending with the bargain purchase option date.
d. asset's remaining economic life.
Your question is incomplete. please read below to find the full content.
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Students usually attend a vocational school for _____ years or less.
A.1 B.2 C.3 D.4
Answer:
2
Explanation:
Answer:
four
Explanation:
if u think bout it its four years and makes more sence and mroe realistic
which of the following would be a part of an organization’s general environment?
A) customers
B) suppliers
C) employees
D) legislators
E) competitors
An organization's general environment, customers, suppliers, legislators, and competitors are all important factors that influence the organization's operations, strategies, and overall success. Here all options are the correct answer.
The general environment of an organization refers to the broad external factors that can have an impact on its operations and overall success. It includes various elements that are beyond the direct control of the organization.
Among the options provided, customers, suppliers, legislators, and competitors are all components of an organization's general environment.
Customers play a crucial role in shaping an organization's activities and success. Their needs, preferences, and purchasing behaviors influence product development, marketing strategies, and overall customer satisfaction.
Understanding and adapting to customer demands are vital for organizational growth and competitiveness.
Suppliers also form a part of the general environment. They provide essential inputs such as raw materials, components, or services that are necessary for an organization's operations.
The reliability, availability, and cost-effectiveness of suppliers can significantly impact an organization's supply chain and overall performance.
Legislators, including government bodies and regulatory agencies, establish laws, regulations, and policies that organizations must comply with.
These legal frameworks can affect areas such as labor practices, product safety, environmental standards, and taxation. Adhering to legislative requirements is essential for organizational legitimacy, risk management, and reputation. Therefore all options are the correct answer.
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Type the correct answer in the box. Spell all words correctly.
What designation would you hold if you have the most common designation in the accounting field, which is also considered the backbone of
the accounting function?
You would hold a
designation if you have the most common designation in the accounting field.
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
Who is a Chartered/ Certified Accountant?A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
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What best describes the main purpose of a budget
Explanation:
A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.
employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.
Answer:
D
Explanation:
Suppose you manage a $5 million fund that consists of four stocks with the following investments: Stock Investment Beta A $750,000 1.50 B 1,250,000 -0.50 C 2,000,000 1.25 D 1,000,000 0.75 If the market's required rate of return is 7% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
The fund's required rate of return is 6.84%.
The required rate of return for a portfolio is determined by the weighted average of the individual stock returns, taking into account the investment amounts and betas of each stock.
To calculate the fund's required rate of return, we need to determine the expected returns for each stock using the capital asset pricing model (CAPM), which is given by the formula:
Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
Let's calculate the expected return for each stock:
Stock A:
Expected Return A = 3% + 1.50 * (7% - 3%) = 3% + 6% = 9%
Stock B:
Expected Return B = 3% + (-0.50) * (7% - 3%) = 3% - 2% = 1%
Stock C:
Expected Return C = 3% + 1.25 * (7% - 3%) = 3% + 5% = 8%
Stock D:
Expected Return D = 3% + 0.75 * (7% - 3%) = 3% + 3% = 6%
Next, we calculate the total investment in the fund:
Total Investment = $750,000 + $1,250,000 + $2,000,000 + $1,000,000 = $5,000,000
Finally, we calculate the weighted average expected return for the fund by multiplying each stock's expected return by its proportionate investment and summing them up:
Fund's Required Rate of Return = (Investment A / Total Investment) * Expected Return A + (Investment B / Total Investment) * Expected Return B + (Investment C / Total Investment) * Expected Return C + (Investment D / Total Investment) * Expected Return D
= ($750,000 / $5,000,000) * 9% + ($1,250,000 / $5,000,000) * 1% + ($2,000,000 / $5,000,000) * 8% + ($1,000,000 / $5,000,000) * 6%
= 0.15 * 9% + 0.25 * 1% + 0.4 * 8% + 0.2 * 6%
= 1.35% + 0.25% + 3.2% + 1.2% = 6.84%
Therefore, the fund's required rate of return is 6.84%.
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1 point
Which of the statements below is TRUE about filing your taxes? (Assume
that your only income comes from the salary you earn at Big Tech
Company.) *
You need to file your tax return by the end of the calendar year (typically December
31st)
If your employer takes out federal income taxes through payroll withholdings, you do
not need to file a tax return
You must file your tax return by April 15th of the following year or request an
extension by that date
You do not need to pay any income taxes until April 15th, so you should ask your
company to wait until after that date to withhold any money
Answer:
The true statements are;
You must file your tax return by April 15th of the following year or request an extension by that date
Explanation:
The due date at which tax returns are filed timely is on the 15th of April of the following year otherwise the Form 4868 should be filed on or before the 15th of April to obtain Automatic Extension of Time so as to be permitted to File U.S. Individual Income Tax Return while still having those filed tax return still being considered timely.
You must file your tax return by April 15th of the following year or request an extension by that date.
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay in a timely manner, along with evasion of or resistance to taxation, is punishable by law.The statement that is true about filling the taxes is "You must file your tax return by April \(15th\) of the following year or request an extension by that date.''For more information:
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A formal agreement between separately owned and controlled facilities to officially coordinate and share certain activities is most appropriately referred to as
Answer:
An affiliation
Explanation:
An affliation in management refered to act of associating, this could be a former agreement on a particular projects, whereby there is agreement between the partners to carry out a certain activities and how it's officially coordinated. It usually employed among organizations.
Therefore, from the question Formal agreement between separately owned and controlled facilities to officially coordinate is known as an affiliation
which factor is most likely to have contributed to the increase in real gdp growth after yhr 2001 recession
The factor that most likely contributed to the increase in real GDP growth after the 2001 recession was the expansionary monetary policy implemented by the Federal Reserve.
This policy involved lowering interest rates to stimulate borrowing and spending, which in turn led to increased investment and consumer spending, boosting economic activity and driving up GDP growth.
Additionally, the federal government implemented fiscal policies such as tax cuts and increased government spending on infrastructure and defense, further fueling economic growth.
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dual-machine interval task scheduling. we are given a deadline, d, and a set of n tasks a1, a2, . . . , an; each task aj requires tj time units on a machine (its processing time). a machine can only process one task at a time.
Dual-machine interval task scheduling is a problem where we are given a deadline, d, and a set of n tasks a1, a2, ..., an. Each task aj requires tj time units on a machine, and a machine can process only one task at a time.
The goal is to schedule the tasks on the machines in such a way that the total completion time is minimized.
To solve this problem, we can use the following steps:
1. Sort the tasks in non-decreasing order of their deadlines.
2. Initialize two machines as empty.
3. For each task, assign it to the machine with the smaller total processing time.
4. Update the total processing time for the assigned machine.
5. If the total processing time for any machine exceeds the deadline, reject the scheduling.
By following these steps, we can schedule the tasks on the machines and minimize the total completion time.
Dual-machine interval task scheduling is a problem that involves scheduling a set of tasks on two machines, where each task has a processing time and a deadline. The objective is to minimize the total completion time while ensuring that each task is completed before its deadline.
To solve this problem, we can use a greedy algorithm. First, we sort the tasks in non-decreasing order of their deadlines. This allows us to prioritize tasks that have earlier deadlines. We then initialize two machines as empty.
Next, we iterate through each task in the sorted order. For each task, we assign it to the machine with the smaller total processing time. This ensures that the machine with less work is assigned the task. After assigning the task, we update the total processing time for the assigned machine.
If at any point the total processing time for a machine exceeds the deadline, we reject the scheduling. This means that it is not possible to complete all the tasks within their deadlines.
Dual-machine interval task scheduling can be solved using a greedy algorithm. By assigning tasks to machines based on their processing time and monitoring the deadlines, we can minimize the total completion time. However, it is important to note that this algorithm may not always find an optimal solution, but it provides a reasonable approximation in many cases.
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in the base year, what can we say about real gdp and nominal gdp?
In the base year, we can say that nominal GDP and real GDP are equal, but in subsequent years, real GDP provides a better measure of economic performance by adjusting for inflation.
In the base year, the inflation rate is zero, which means that the nominal GDP and real GDP are equal. This is because the prices of goods and services in the base year are used to calculate both nominal and real GDP. Therefore, in the base year, we can say that nominal GDP and real GDP are equal.
However, in subsequent years, as prices change, there will be a difference between nominal GDP and real GDP. This difference is due to inflation, which causes the prices of goods and services to increase over time.
As a result, nominal GDP will tend to overstate economic growth, while real GDP will provide a more accurate measure of economic performance by adjusting for inflation.
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Identify the market characteristics listed below with the appropriate market model. Pure Competition Monopolistic Competition Oligopoly Pure Monopoly c. A single firm produces a product with no close substitutes. a. A very large number of firms produce a standardized product. e. Individual firms are price takers, and firms can easily enter or exit the industry. f. There is significant nonprice competition, such as advertising, brand names, and trademarks, and entry into the industry is relatively easy b. Many firms produce differentiated products. g. There are a few firms, where each is affected by the actions of its rivals, and significant obstacles block entry of firms into the industry. d. A single firm has considerable control over price, and the entry of new firms into the industry is blocked.
The market characteristics listed below with the appropriate market model. Pure Competition Monopolistic Competition Oligopoly Pure Monopoly. these are, standardized product, Individual firms, and nonprice competition
a. A very large number of firms produce a standardized product - This characteristic is associated with Pure Competition.
b. Many firms produce differentiated products - This characteristic is associated with Monopolistic Competition.
c. A single firm produces a product with no close substitutes - This characteristic is associated with Pure Monopoly.
d. A single firm has considerable control over price, and the entry of new firms into the industry is blocked - This characteristic is associated with Pure Monopoly.
e. Individual firms are price takers, and firms can easily enter or exit the industry - This characteristic is associated with Pure Competition.
f. There is significant nonprice competition, such as advertising, brand names, and trademarks, and entry into the industry is relatively easy - This characteristic is associated with Monopolistic Competition
g. There are a few firms, where each is affected by the actions of its rivals, and significant obstacles block entry of firms into the industry - This characteristic is associated with Oligopoly.
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Which situations best demonstrate likely tasks for Business Financial Management workers? Check all that apply.
Marcy helps a family create a budget that allows them to save up for buying a house.
Caleb researches possible cases of fraud and takes notes on what he finds out.
Selena processes customer transactions at a bank.
Jung creates a report with charts to show how a company's money is being spent.
Owen sells automobile insurance policies to people.
Alonzo advises companies about investment strategies.
Answer:
its
b, the caleb one
d, the jung one
d, the Alonzo one
Caleb investigates potential fraud situations and makes notes on his findings. In order to show how a company's money is being spent, Jung develops a report using charts. show potential tasks for those working in business financial management. Thus option (B, C) is correct.
What is management?In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize, supervise, and guide people is a component of management.
Managing telephone costs, employing new employees, purchasing facilities, creating project budgets, etc. are a few examples of financial management for a corporation or firm. financial administration
Therefore, Thus, option (C) is correct.
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When a country that imports a particular good imposes an import quota on that good,
A. consumer surplus increases and total surplus increases in the market for that good.
B. consumer surplus increases and total surplus decreases in the market for that good.
C. consumer surplus decreases and total surplus decreases in the market for that good.
D. consumer surplus decreases and total surplus increases in the market for that good.
When a country that imports a particular good imposes an import quota on that good, then, the consumer surplus decreases and total surplus decreases in the market for that good. The Option D is correct.
What is an import quota?In economics, an import quota means a kind of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. Quotas, jut like other trade restrictions are typically used to benefit the producers of a good in that economy (protectionism).
In most economies, the main objective of an import quota to protect the domestic market from foreign goods by limiting importing goods from the overseas market.
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Help PLEASE!!!
Joel works as a customer service representative in an electronics store. A customer has a complaint regarding a technical aspect of the computer
he bought from the store two weeks ago. Although Joelis familiar with the specifications of the computer, he is fully equipped to help the
customer with the complaint. Assuming that Joel possesses good customer service skills, which action should he toket
A. use the internet to find the required information and help the customer
B. ask the customer to wait while he has a meeting with his manager
C. help the customer contact the store's engineer who can provide help regarding technical issues
D. ask all members of his staff whether they have a solution to the customer's problem
E. politely tell the customer that nobody could possibly solve the problem
Answer: C
Explanation: since she is customer support the obvios (god i cant spell sometimes) thing to do is connect them to a engineer who can help them. you could also do process of elimination A: they probaly did search the internet already B: why the manager? wouldnt someone like an engineer have better insight on this? C: Engineers have the most expertise in this area so they can help fix the problem. D: sure this could help but its not as sure as asking the engineer
ANSWER: C
Joel being as a customer service representative in an electronics store shall help the customer contact the store's engineer who can provide help regarding technical issues. Option C is correct.
What is Customer Service Representative?Customers who have inquiries, requests, or concerns regarding goods or services they have received from the business are assisted by a customer service representative.
At every stage of the process, they give priority to the demands of the clients and offer solutions that are tailored to those unique circumstances.
Essential Characteristics of an Outstanding Customer Service Representative has problem-solving abilities. The most important trait for providing outstanding customer service is problem-solving, followed by clear communication, friendliness, empathy, business savvy, goods knowledge, and strong time management.
Thus option c is correct.
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Why would the U.S. Federal Reserve Chairman content that changes in monetary policy may have less of a positive impact than would fiscal policy changes on individuals and small businesses?
Answer:
i need help tooooooooooooo
each person who participates in a contract agreement is called a:
Answer:
Answer should be parties.
Explanation:
I could be wrong depending, but im 98% sure my answer is correct.
Hope this helps, sorry if it doesn't <3
The Americans with Disabilities Act (ADA) requires that a company
a. provide training to people with disabilities
b. find ways to help workers who are physically challenged
c. hire a certain number of people with special needs
d. adapt products manufactured for special-needs customers
TIMEEDD FIRST ANWER GETS BRAINLIEST!!!!
Answer:
b. find ways to help workers who are physically challenged.
Explanation: