HELP PLEASE, i’ll mark brainliest
3. Shares of stock ABC fell 12%, closing at $42.56. What was the value of the stock before the fall? Round the answer to the nearest cent.
O $51.07
O $47.66
O 354.56
O $48.36
Answers
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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answers
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes. We would expect that the rebuilding increased aggregate demand in
Answers
We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in a. Both the US and Europe.
What is aggregate demand?Aggregate demand refers to the total demand for goods and services within an economy.
Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.
Answer Options:a. Both the US and Europe
b. The US, but not Europe
c. Europe, but not the US
d. Neither the US nor Europe
Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in a. Both the US and Europe.
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what can be used to balance the negative aspects of specialization by allowing workers to do a different type of work each day?
Answers
Job rotation can be used to balance the negative aspects of specialization by allowing workers to do a different type of work each day.
As a worker, you should take affordable care to guard your personal health and safety, as well as the fitness and safety of other people who may be tormented by your acts or omissions at work. (g) co-perform with the board, officers of the board and any other person carrying out a obligation beneath the act or the rules.
Employed employee: those are employees who're employed with the aid of others (employers) and get hold of a revenue/wage as repayment for work. hired people may additionally again be of kinds: casual employee: those are workers who are engaged through employers on a brief foundation for a few precise paintings.
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write names of any four equipment that uses modern technology
Answers
Answer:
routers
Internet modems
desktop or notebook computers
servers
headsets
The four pieces of equipment that use modern technologies are an Internet modem, a Router, an internet switch, An Uninterruptable Power Supply (UPS)
Internet modem
The term "modem" is misleading because it dates back to the time when a digital signal was required to be modulated before being sent over an analog phone line and demodulated upon arrival.
However, every firm needs a link between an Internet Service Provider (ISP) and an office network.
Router
Every device on a network may receive a different IP address from a router. This is necessary for features like shared printing and scanning.
Anyone with the necessary credentials can connect securely to network devices from home or while on the go by setting up a virtual private network (VPN) on a router.
An Internet switch
Physical ports on routers are often few. Fortunately, a switch may be used to connect a router. Switches can have up to 48 ports. Stacking switches is another option. Therefore, each VoIP phone in your office that has, let's say, 24 lines will require a port (although a VoIP phone and a computer can be daisy-chained to a single switch port).
An Uninterruptable Power Supply (UPS)
A few hundred dollars to many thousands of dollars can be spent on a UPS, and companies like CyberPower provide a variety of products in this price range.
Low-end UPSs can run modems, routers, and switches for a few hours during a power outage because they consume little power. Employees with fully charged laptops can keep working.
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Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
Answers
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
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As you ________ your business, you may have to remove yourself from daily operations to oversee the big picture.
which ?
promote
advertise
scale
plan
Answers
As you C. Scale your business, you may have to remove yourself from daily operations to oversee the big picture.
What does it mean to scale a business ?The act of growing the scope and ability to manage more customers, sales, or production is known as scaling a business.
As the business expands and reaches a wider scope, it is crucial for business proprietors or leaders to redirect their attention from daily activities to strategic coordination, facilitating progress, and supervising the comprehensive course of the business.
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define mountain climate with one example
Answers
Answer: See explanation
Explanation:
Mountain climate can also be referred to as highland climate or Alpine climate and it simply refers to the weather for the regions that are above tree lines.
Mountain climate also called Alpine climate can be found in the Himalayas, the Alps, the Rocky mountains, the Cantabrian Mountains, the Tibetan Plateau, Cascade mountains, the Appalachian Mountains etc.
A realty company looks at a recent sample of houses that have sold. On testing the null hypothesis that 56% of the houses take more than three months to sell against the hypothesis that more than 56% of the houses take more than three months to sell against the hypothesis that more than .014. Which answer is appropriate?
A. There is a 1.4% chance the null hypothesis is correct.
B. There is a 1.4% chance that 56% of the houses take more than 3 months to sell.
C. If 56% of the houses take more than three months to sell, there is 1.4% chance that a random sample proportion would be as high as or higher than the one they obtained.
D. There is a 96.8% chance that 56% of the houses take more than 3 months to sell.
Answers
The correct response is C. If 56% of the houses take more than three months to sell, there is 1.4% chance that a random sample proportion would be as high as or higher than the one they obtained.
Numerous challenges in daily life can be solved with proportion, including those in business when handling transactions or in the kitchen, among other situations. It creates a connection between two or more values, making it easier to compare them. In the actual world, ratios and proportions are used by individuals in a variety of settings and contexts. To manage finances and shop, one uses ratios and proportions. Additionally, they are employed in value comparison. When two variables' ratios are equivalent, proportional relationships between them emerge. Another way to consider them is that in a proportionate relationship, one variable is consistently equal to the other's constant value.
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one qualifier to _____________ is that although it may settle the surface problem, it may not solve any ongoing problem.
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one qualifier to mediation is that although it may settle the surface problem, it may not solve any ongoing problem.
What is mediation?Mediation can be regarded as procedure that is used by parties in solving their disputes.
Therefore, one qualifier to mediation is that although it may settle the surface problem.
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References that employers trust for the most accurate reporting include
a. friends
b relatives
C. counselors
d. parents
Answers
Answer: counselors
Explanation:
References that employers trust for the most accurate reporting include counselors. Employers don't trust the friends, relatives and parents of the prospective employees or employees for an accurate report because employers believe that they're not professional enough and due to their closeness to the employee, they may give false information in order to put the employee at an advantage. Employers see counselors as being more professional and will give the right informations.
It should be noted that in a case whereby a candidate performs well in his or her job tests and interviews and has a positive recommendation from his or her references together, the person has a high chance of being employed.
Answer:
C. Counselors.
Explanation:
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What is the main difference between a market and a command economy?
Answers
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
which of the following states is on the top 10 for mortgage fraud in both 2020 and 2021?
Answers
In both 2020 and 2021, Nevada is in the top 10 states for mortgage fraud. The right response in this case is option C.
In terms of the likelihood that a mortgage application would be fraudulent, Nevada has risen to the top rank, followed by New York, Hawaii, Florida, and California. The highest rise over the previous year was 45% in Nevada.
Mortgage application fraud refers to the act of intentionally providing false or misleading information on a mortgage application in order to obtain a mortgage loan. This can include misrepresenting income, employment, assets, or debts in order to qualify for a loan or to obtain a loan with more favorable terms.
Mortgage application fraud can be committed by individuals or groups, and it can have serious consequences for both borrowers and lenders. Borrowers who engage in mortgage application fraud may face legal action and may be unable to make loan payments, leading to financial problems and potentially even the loss of their homes.
Complete question:
which of the following states is on the top 10 for mortgage fraud in both 2020 and 2021?
A - Delhi
B - Kabul
C - Nevada
D - London
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Ray has a music studio he runs from his house. Last quarter he raised $3000 is total services rendered. His expenses included $1000 for rent, $300 in utilities, $50 in interest on a loan he got from the bank and $200 in depreciation of his instruments. His tax rate is 40%. How much cash will Ray have to reinvest in his music studio?
Answers
Answer:
$1,070
Explanation:
As provided, the total revenue recorded in the previous quarter = $3,000
Total expenses as provided:
Rent expense = $1,000
Utilities = $300
Interest = $50
Depreciation = $200
Total = $1,550
Revenue after providing of all the expenses = $3,000 - $1,550 = $1,450
Less: Tax 40% of the amount $1,450 = $580
Net revenue = $870
Add: Depreciation = $870 + $200 = $1,070
Amount available for reinvestment = $1,070
Note: Depreciation is a non cash expense and shall be added to compute the amount available for reinvestment as that is not the cash spent.
Under monopoly, the firm produces the output where ___________, and in perfect competition, the firm produces the output where _________. 1. P>MR=MC;P=MR=MC 2. PMR=MC
Answers
Under a monopoly, the firm produces the output where the price (P) is greater than both the marginal revenue (MR) and the marginal cost (MC). This means that the firm is producing at a point where it is charging a price higher than what it would charge in a perfectly competitive market. The reason for this is that a monopoly has market power and can control the price of its product. Therefore, it will produce at a lower quantity and charge a higher price, resulting in economic profits.
In contrast, in a perfectly competitive market, the firm produces the output where the price is equal to both the marginal revenue and the marginal cost. This means that the firm is producing at the point where it is making normal profits and there are no economic profits in the long run. The reason for this is that in a perfectly competitive market, there are many firms producing identical products, and no single firm has the market power to influence the price. Therefore, firms are price takers and will produce at a point where they are making normal profits.
In summary, the key difference between monopoly and perfect competition is that in a monopoly, the firm has market power and will produce at a point where it charges a higher price and produces a lower quantity, resulting in economic profits. In contrast, in perfect competition, the firm is a price taker and will produce at a point where it makes normal profits.
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(Figure: Sofas and Windows) In the PPF diagram, what is the opportunity cost of producing an additional window?
a. 4/5 of a window
b. 4/5 of a sofa
c. one sofa
d. 1 1/4 of a sofa
Answers
The answer to the question is (a) 4/5 of a window, as the opportunity cost of producing an additional window is equal to the amount of sofas that must be given up, which is 4/5 of a sofa.
To understand the opportunity cost of producing an additional window, we need to examine the slope of the PPF curve. The slope of the curve represents the trade-off between producing sofas and producing windows. The opportunity cost of producing an additional window is the amount of sofas that must be given up to produce that window.
Looking at the PPF diagram, we can see that the curve is concave to the origin, which means that the opportunity cost of producing one good increases as we produce more of that good. In other words, as we move along the PPF curve from left to right, the opportunity cost of producing windows increases.
To calculate the opportunity cost of producing an additional window, we need to look at the slope of the PPF curve at the point where we are currently producing. At point A on the PPF curve, we are producing 5 sofas and 4 windows. If we want to produce one more window, we would have to give up some sofas.
The slope of the PPF curve at point A is equal to the change in the number of windows produced divided by the change in the number of sofas produced. The slope is equal to -4/5, which means that for every additional window produced, we would have to give up 4/5 of a sofa.
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An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals 5,000 Interest income 1,500 Contributions to qualifying charities 600 IRC Section 179 expense 3,000 Depreciation expense 1,800 What would be reported as ordinary income on the corporation's income tax return
Answers
The amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
Sales $240,000
Less: Rent expense ($25,000)
Less: 50% Entertainment expense ($2,500)
Depreciation ($1,800)
Ordinary income $210,700
Ordinary income involved the sales amount, rent expense, 50% of entertainment expense, and the depreciation expense
Therefore, we can conclude that the amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
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________ are information systems designed to support the planning and the implementation process across the entire organization.
Answers
The information systems that is been designed so that it can offer support to planning as well as the implementation process as regards an organization is Business Management Systems.
Business Management Systems can be regarded as a system that is very crucial in an organizational settings, especially in the planning and implementation stage.It help to improve the efficiency as well as performance of the organization.Therefore, Business Management Systems is the correct.
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if anyone sees this can they help me out? how should a consumer seek remedy once they have experienced unfair financial practices A trust in the other party to accurately adjust any errors made on their behalf B Contact the other party one time only as opposed to multiple communications C Contact local media organization to reveal any wrongs committed by the other party D Take steps to properly file a dispute and engage an advocate to handle their case How are consumers responsible for their own security A They should create simple passwords using birthday and names instead of something more complicated B They should always use open public networks because they are more secure than private networks C They must join an identity protection service to protect themselves from identity theft D They should use and regularly update an antivirus program to protect their personal information Which statement correctly describes an internet security issues A Phishing is an illicit software program which unwittingly sends private account information from a user's computer B Spyware are individuals who attempt to get access to another person's computer to harm it somehow C A virus is a harmful program that gets loaded onto a user's computer after visiting an infected website D Hackers are attempts to deceive people into revealing personal information with fraudulent emails and social media requests
Answers
Answer:
B
Explanation:
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Assume that the economy is at full employment. Policymakers wish to maintain the price level but want to encourage greater investment. Which of the following combinations of monetary and fiscal policies would best achieve this goal?A.Monetary Policy Fiscal Policy No change ContractionaryB.Monetary Policy Fiscal Policy Expansionary No changeC.Monetary Policy Fiscal Policy Expansionary ContractionaryD.Monetary Policy Fiscal Policy Expansionary ExpansionaryE.Monetary Policy Fiscal Policy Contractionary Expansionary
Answers
option B, expansionary monetary policy combined with no change in fiscal policy, would be the best combination to encourage investment while maintaining the price level.
If the economy is at full employment and policymakers wish to maintain the price level but encourage greater investment, the best combination of monetary and fiscal policies would be option B: Monetary Policy Expansionary and Fiscal Policy No change. Expansionary monetary policy involves increasing the money supply and lowering interest rates, which would make it cheaper for businesses and individuals to borrow money, encouraging investment. At the same time, a no change in fiscal policy would ensure that government spending and taxes remain the same, not affecting the economy's current state.
Contractionary monetary policy and fiscal policy, as well as an expansionary monetary policy combined with contractionary fiscal policy (options A and C), would likely cause a decrease in investment due to the increase in borrowing costs and decrease in government spending. Option D, which involves expansionary monetary and fiscal policies, may lead to an increase in investment but also a potential rise in the price level due to increased demand.
Finally, option E, which involves contractionary monetary policy and expansionary fiscal policy, may encourage investment, but the increase in government spending could potentially lead to inflation, counteracting the goal of maintaining the price level.
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1. What percent of respondents say they would
have NO way to cover a $400 expense?
Answers
Answer:
Bro the answer:
Explanation:
WORLDWIDE : 40%
AMERICA : 27%
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $71,000 Accounts payable increased by 37,000 Accounts receivable decreased by Inventories decreased by Cash dividends paid were Depreciation expense was 63,000 24,000 33,000 58,000 Net cash provided by operating activities was: _________
a) $205,000.
b) $108,000.
c) $62,000.
d) $253,000
e) $109,000
Answers
The net cash provided by operating activities is $147,000.
To determine the net cash provided by operating activities using the indirect method, we need to consider the adjustments to net income based on changes in working capital and non-cash expenses. Let's calculate each adjustment:
Increase in accounts payable: Since accounts payable increased by $37,000, this means the company paid $37,000 less in cash for its expenses than what was recorded in the income statement.
Decrease in accounts receivable: Since accounts receivable decreased by $24,000, this means the company collected $24,000 more in cash from its customers than what was recorded in the income statement.
Decrease in inventories: Since inventories decreased by $33,000, this means the company sold $33,000 more in inventory than what was recorded in the income statement. The cost of goods sold associated with this decrease is not provided, so we cannot make an adjustment for this item.
Cash dividends paid: The cash dividends paid are not provided, so we cannot make an adjustment for this item.
Depreciation expense: Depreciation expense is a non-cash expense, so it needs to be added back to net income. The depreciation expense was $63,000.
Now, let's calculate the net cash provided by operating activities:
Net cash provided by operating activities = Net income + Depreciation expense + Increase in accounts payable - Decrease in accounts receivable
Net cash provided by operating activities = $71,000 + $63,000 + $37,000 - $24,000
Net cash provided by operating activities = $71,000 + $63,000 + $37,000 - $24,000 = $147,000
Therefore, the correct answer is not provided in the options given.
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Answers
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price will be $1,000. The tax rate is 35%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs. Round your answer to two decimal places. % What if the flotation costs were 11% of the bond issue? Round your answer to two decimal places. %
Answers
Answer:
if the flotation costs were 2%, the after-tax cost of debt is 5.10%
if the flotation costs were 11%, the after-tax cost of debt is 4.63 %
Explanation:
After-tax cost of debt = Market Interest × ( 1 - tax rate)
Calculation of the Market Interest
Hint : Use the time value of money principles
Pv = -$1,000
Pmt = $1,000 × 8 % = $80
P/yr = 1
N = 20
Fv = $1,000
YTM = ?
Using a financial calculator, the market interest is 8%
After-tax cost of debt = Market Interest × ( 1 - tax rate)
= 0.08 × (1- 0.35)
= 0.052 or 5.20 %
If Flotation cost is 2%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.02)
= 5.096 % or 5.10% (two decimal places)
If Flotation cost is 11%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.11)
= 4.628 % or 4.63 % (two decimal places)
What type of function does a project management tool have that a task management tool does not?
file sharing
progress tracking
commenting
budgeting
Answers
The commenting are type of function does a project management tool have that a task management tool does not. Thus, option (c) is correct.
What is management?
The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession.
The management are the division of the different departments are the created such as project management and the task management. The file sharing, progress tracking, and budgeting. But, the commenting is not the function of the task management tool.
As a result, the commenting is not the function does a project management tool have that a task management tool does not. Therefore, option (c) is correct.
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A company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. Which type of pricing strategy is the company using?
Answers
A company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. the type of pricing strategy is the company using is
skim pricingWhat is pricing strategy?
Price is the value assigned to a good or service and is determined by a complicated series of calculations, research, and risk-taking skills.
A pricing strategy considers factors such as market conditions, consumer willingness to pay, competition activity, trade margins, and input costs, among others. Target audiences include the specified clients and rival businesses.
Depending on the industry and business model at hand, many pricing models are often utilized, including value-based, competitor-based, cost-plus, and dynamic pricing.
Skimming is a pricing technique that involves setting initial product prices high and then lowering them as competitors enter the market. Penetration pricing is the reverse of skim pricing.
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Solve the simultaneous equation
y+x=4
2y-x=5
Answers
Answer:
Value of X = 1Value of y = 3Solution,
Using substitution method,
y + x = 4
Move 'x' to the left hand side and change its sign:
y = 4 - x --------> equation (i)
Now,
2y - X = 5
putting the value of y from equation (i)
2( 4 - x ) - X = 5
8 - 2x - x = 5
8 - 3x = 5
- 3x = 5 - 8
- 3x = - 3
The difference sign (-) will be cancelled in both sides
3x = 3
3x/3 = 3/3
X = 1
Value of X is 1
Now, replacing the value of X in equation (i)
y = 4 - x
= 4 - 1
= 3
Value of y is 3
Hope this helps...
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michelle richards is buying a mutual fund that invests with a focus associated with a particular date. michelle wants to make sure that she is ready for retirement in 2045. what type of mutual fund has she purchased?
Answers
Michelle richards is buying a this type of mutual fund has contingent deferred sales loads. A mutual fund's portfolio is constructed and capital gains maintained in accordance with the stated investment objectives in the prospectus.
Mutual funds pool the money from shareholders to invest in securities including stocks, bonds, money market instruments, and other assets. Mutual funds are managed by qualified money managers who distribute the assets in an effort to bring in profits or income for the fund's investors. Through mutual funds, small or individual investors can access professionally managed portfolios of stocks, bonds, and other instruments. Each shareholder thus receives a proportionate share of the fund's gains or losses.The success of mutual funds, which invest in a variety of securities, is typically determined fund.
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The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
Answers
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
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Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
Multiple Choice Question Most of the items sold at a garage sale cost about $12. Nothing sold for more than $15, but a few items cost only a few cents. What would be the best measure of the center of the distribution of sale prices?
Answers
The best measure of the center of the distribution of sale prices in this scenario would be the median.
The given information states that most items sold at the garage sale cost about $12, and nothing sold for more than $15. However, it also mentions that a few items cost only a few cents. This suggests that the distribution of sale prices is skewed, with a concentration of prices around $12 but with some extremely low-priced items. In such cases where the distribution is skewed or contains extreme values, the median is the best measure of the center.
The median is the middle value in a dataset when arranged in ascending or descending order. Unlike the mean, which can be heavily influenced by extreme values, the median is less affected by outliers and provides a more representative measure of the central tendency. By calculating the median of the sale prices, we can identify the value that divides the dataset into two equal halves. This value will give us a clearer understanding of the typical sale price at the garage sale, considering both the concentration of prices around $12 and the presence of low-priced items.
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For some time, Bloomingdale's relied on standard types of training to enhance employees' awareness of such topics as workplace safety and loss prevention. Such training typically included classroom sessions, store huddles, pre-shift meetings, and instructional posters. But these efforts were not always effective despite the good intentions. For instance, the training did not really inspire employees to focus on the key issues covered, and it was often difficult to measure the impact of the instruction provided. The firm recognized that something different must be done to enhance its safety record—this involved increasing associates' knowledge of safety, rather than focusing exclusively on traditional training as a "quick fix. "
The company started using Axonify, a training platform that incorporates active gamification and other entertaining activities to increase employee knowledge. Learning can also be customized based on the personal needs of employees. This enables individuals to build confidence by working on their knowledge areas that need improvement. Much of these activities could also be integrated real time into the work environment.
Bloomingdale's developed a four-stage process to make the transition from traditional training to ongoing learning. First, learning activities were included in shift work to spark daily awareness of safety and customer service issues. The Employee Knowledge Platform enabled employees to learn during short periods of downtime, using mobile devices or point-of-sale instruments. Associates were able to learn while they did their jobs, instead of receiving training at one time. Next, the training was delivered in small modules, with gamified elements that appealed to associates. When individuals mastered one set of information, the platform would move on to other topics—when remedial work was needed, it was provided until associates mastered the information.
Bloomingdale's also allowed for some customization in the learning system because different stores and departments often dealt with very different challenges and opportunities. This customization led to greater engagement across the various areas of the organization. Finally, the effectiveness of the learning was measured with the Employee Knowledge Platform, which helped Bloomingdale's determine its impact on important outcomes (i. E. , individual behaviors and results). This allowed managers to get a gauge of how well associates, teams, and stores were learning and applying the information on the job.
Not only does Bloomingdale's have an engaging training program that motivates a tech-oriented workforce, but the company also has a way of measuring its impact on the business as a whole. The approach has been very effective. The company has saved millions of dollars by decreasing the number of safety claims it addresses.
Zorosis, a jewelry store, recently discarded its traditional employee training modules and upgraded to an innovative online learning system in which employees are now required to access their training material. To facilitate an ongoing learning process that would keep employees motivated to learn, the store should ensure that:
a. Its training content is delivered in an exhaustive manner to enable deep learning.
b. It allows for customization in its learning system.
c. It curbs the use of gamified activities on the platform to avoid careless use.
d. It avoids learning activities during periods of downtime.
Answers
The best way for Zorosis to ensure that their ongoing learning process will be a success is to ensure that b. It allows for customization in its learning system.
What should Zorosis do?The online learning platform that Zorosis plans to implement should be able to be customizable to the various challenges that employees can face.
This allows the employees to apply what they have learnt in various areas that will ensure business success.
Find out more on employee training at https://brainly.com/question/20520200.