north company budgets overhead costs for the next year of $3,700,000 for indirect labor and $960,000 for factory utilities. the company uses machine hours as its overhead allocation base. if 125,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
Answers
$37.28 per direct labor hour is the predetermined manufacturing overhead rate.
What is the overhead rate?The percentage of a company's revenue that is devoted to overhead expenses is represented by the overhead rate, directly affecting the profit margins. The indirect charges a business faces during routine operations are known as overhead costs.
Overhead is estimated at $3,700,000 + $900,000, totaling $4,660,000
125,000 hours of direct labor are projected.
We must apply the following formula to get the production overhead rate that has been predetermined:
Whole expected periodical overhead expenses divided by the total amount of the allocation basis gives the predetermined manufacturing overhead rate.
4,660,000/125,000 is the previously calculated manufacturing overhead rate.
Hence, $37.28 per direct labor hour is the preset manufacturing overhead rate.
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Related Questions
In the market of loanable funds of an open economy Savings equal investment The real interest rate is the price of this market Higher interest rates increase investment Higher interest rates in the domestic economy lower NCO None of the above
Answers
Higher interest rate can incentivize greater investment by making borrowing more expensive.
The correct option is option c.
The fact that savings equal investment is not always true in an open economy. While savings and investment are related, they do not necessarily always equal each other. The real interest rate represents the price at which savings and investment are brought into equilibrium in the market for loanable funds.
Higher interest rates can lead to greater investment by making borrowing more expensive, the relationship between interest rates and investment is complex and depends on various factors such as expected returns, business confidence, and overall economic conditions.
Hence, the correct option is option c.
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Can you be wise and intelligent at the same time .
Answers
Answer:
yes :)
Explanation:
wisdom comes from experience intelligence doesn't
Answer:
yes of course .................
import tariffs and quotas, nontariff barriers, export subsidies, and local content requirements are all examples of which kind of industry globalization driver?
Answers
Import tariffs and quotas, nontariff barriers, export subsidies, and local content requirements are all examples of protectionism, which is a type of industry globalization driver.
Protectionism refers to the government policies and regulations that aim to protect domestic industries from foreign competition. These measures can include import tariffs and quotas, which increase the cost of foreign goods and make them less competitive in the domestic market. Nontariff barriers can take various forms, such as technical standards and regulations, that make it difficult for foreign products to enter the domestic market. Export subsidies are government payments to domestic companies that export goods, which give them an advantage over foreign competitors. Local content requirements mandate that a certain percentage of a product must be made in the country where it is sold, which can restrict foreign competition. Overall, protectionism can have both positive and negative effects on domestic industries and the global economy as a whole.
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If BHD 12000 is invested on June 25, 2022, at 6% interest
compounded semi-annually, find the maturity value and the compound
interest on November 19, 2022.?
Answers
The maturity value of the investment is BHD 12180.60, and the compound interest on November 19, 2022, is BHD 180.60.
Given data:
Principal amount (P) = BHD 12000
Rate of interest (r) = 6% (per annum)
Time (t) = 5 months (from June 25, 2022, to November 19, 2022)
The interest is compounded semi-annually, i.e. 2 times in a year. Therefore, the rate of interest per half-year = (6/2)% = 3%
Let us first calculate the maturity value:
Maturity Value (A) = P (1 + r/n)^(nt)
Where, n = number of times interest is compounded per year, and t = time in years
Hence, putting the values in the formula we get:
Maturity Value (A) = 12000(1 + 3/100)^(1/2)
Maturity Value (A) = 12180.60
Now let us calculate the compound interest.
Compound Interest (CI) = A - P
Compound Interest (CI) = 12180.60 - 12000
Compound Interest (CI) = 180.60
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What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
Answers
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
During his annual performance review, Bill says to his supervisor, "So the two main ways that you want me to improve are to double-check my work for accuracy and to be more of a team player. Is that correct?" What active listening skill is Bill using?
Answers
The active listening skill that Bill is using during his annual performance review is that he is paraphrasing to confirm his understanding and seeking clarification.
By repeating his supervisor's statement about the two main ways that he wants Bill to improve, he is confirming his understanding and seeking clarification as per his response. During a conversation, paraphrasing means expressing what someone has said in your own words. When you paraphrase, you can indicate that you have listened actively to what the other person has said.
In conclusion, Bill is using paraphrasing to confirm his understanding and seeking clarification as his active listening skills during his annual performance review. Paraphrasing is an important active listening skill that not only indicates to the speaker that you have heard what they have said but can also help ensure that you have correctly understood their message.
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Survey researchers design and conduct surveys and analyze data. Some survey researchers design public opinion surveys. Other survey researchers (market research analysts) design marketing surveys which examine products or services that consumers want, need, or prefer. Most survey researchers work in research firms, polling organizations, nonprofits, corporations, colleges and universities, and government agencies. The majority work full time during regular business hours. A bachelor's degree may be sufficient for some entry-level positions. The median annual wage for survey researchers was $49,760 in May, 2014. SOURCE: Bureau of Labor and Statistics, U.S. 준. Surveys for scientific research cover various fields, including government, health, social sciences, and education. For example, a survey researcher may try to capture information about the prevalence of drug use or disease. An anonymous survey of college students was taken to determine behaviors regarding alcohol, cigarettes, and illegal drugs. The results were as follows: 894 drank alcohol regularly 665 smoked cigarettes 192 used illegal drugs 424 drank alcohol regularly and smoked cigarettes 114 drank alcohol regularly and used illegal drugs 119 smoked cigarettes and used illegal drugs 97 engaged in all three behaviors 309 engaged in none of the behaviors Source: Jamie Langille, University of Nevada Las Vegas How many students were surveyed? How many drank alcohol regularly or smoked cigarettes? How many used illegal drugs only? How many drank alcohol regularly and smoked cigarettes, but did not use illegal drugs? How many drank alcohol regularly or used illegal drugs, but did not smoke cigarettes? How many engaged in exactly two of these behaviors? How many engaged in at least one of these behaviors?
Answers
a. The number of students surveyed was 1,000.
b. 1,300 students drank alcohol regularly or smoked cigarettes.
c. 75 students used illegal drugs only.
d. 310 students drank alcohol regularly and smoked cigarettes but did not use illegal drugs.
e. 1,110 students drank alcohol regularly or used illegal drugs but did not smoke cigarettes.
f. 193 students engaged in exactly two of these behaviors.
g. 997 students engaged in at least one of these behaviors.
How many students participated in the survey?According to the survey results, there were a total of 309 students who engaged in none of the behaviors, and the remaining students fell into various categories. To determine the number of students surveyed, we sum up the frequencies of all behaviors mentioned in the survey results. Therefore, the total number of students surveyed is 1,000. From the provided data, we can calculate the number of students who drank alcohol regularly or smoked cigarettes by adding the frequencies for each behavior individually. Similarly, we can find the number of students who engaged in specific combinations of behaviors, such as using illegal drugs only or drinking alcohol regularly while smoking cigarettes but not using illegal drugs. By analyzing the data, we can answer each of the given questions accurately.
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Esther primary reason for starting her own business is her desire to make her own schedule. Esther is looking forward to the ______________________ she hopes to have as entrepreneur.
(a) Tax breaks and deductions
(b) Advance technology
(c) Flexibility and independence
(d) Personal commitment
Answers
The risk-reward relationship says:
Answers
The best reason to record income at the top of a budget is
a. to easily add expenses to it.
b. to know how much money is available.
c. to avoid spending too much money.
d. to see that is is more important than expenses.
Answers
B) To know how much money is available.
You can clearly see how much money you have available to spend or save by listing revenue at the top of a budget.
Making judgments on how to divide your money and prioritize your expenses requires knowledge of this information.
You may see how much money is available to cover your bills, pay off debts, and save for the future by putting revenue at the top of your budget.
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What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answers
Answer:
d.how the stock market affects inventory
Explanation:
a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3
stock movement Effects of the stock market on inventory Thus option (D) is correct.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.
Therefore, Thus option (D) is correct.
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Write about discussion whether young people should be allowed
to have credit card, use main facts supportive sentences and add
Introduction and conclusion.
i wish u happy day
Answers
Allowing young people to have credit cards can foster financial education, provide a safety net in emergencies, and build a positive credit history. Proper guidance and monitoring are essential for responsible usage.
Introduction:
The question of whether young people should be allowed to have credit cards has sparked a debate. Proponents argue that it can foster financial responsibility and independence, while critics express concerns about potential risks. In this discussion, we will examine the main facts supporting the allowance of credit cards for young individuals.
Supportive Arguments:
1. Financial Education: Allowing young people to have credit cards can serve as a valuable tool for financial education. It provides an opportunity for them to learn about money management, budgeting, and the consequences of overspending. By actively managing their credit card usage, young individuals can develop essential skills that will benefit them throughout their lives.
2. Emergency Situations: Credit cards can act as a safety net in emergencies. Young people may encounter unforeseen circumstances that require immediate access to funds, such as medical expenses or urgent car repairs. Having a credit card enables them to handle such situations independently, without relying on others for financial assistance.
3. Building Credit History: Establishing a credit history early on can be advantageous for young individuals. Responsible credit card usage allows them to build a positive credit history, which can help when applying for loans, renting an apartment, or securing future financial opportunities. By demonstrating responsible financial behavior at a young age, they set themselves up for better financial prospects in the long run.
Conclusion:
While concerns exist regarding young people having credit cards, the supportive arguments highlight the potential benefits. Credit cards can be valuable tools for financial education, provide a safety net in emergencies, and assist in building a positive credit history. However, it is crucial to emphasize the importance of proper guidance and monitoring to mitigate potential risks and ensure responsible credit card usage. With the right approach, allowing young individuals to have credit cards can contribute positively to their financial development.
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Jake and Martha recently got married. Martha has been married earlier and has a son, Toby, from her previous marriage. Jake and Toby are having problems adjusting to each other. How can we best describe Jake and Martha’s
family?
A.
dual-employed marriage
B.
extended family
C.
blended family
D.
grandparent family
E.
adoptive family
Answers
Answer:
Blended family
Explanation:
Answer:
blended family
Explanation:
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Martock Company uses the periodic inventory system. The following information is available for the period ending December 31:(1) Sales: $30,000 (2) Beginning inventory: $17,500 (3) Ending inventory: $8,000 (4) Purchases: $10,000The cost of goods sold for the period is
Multiple Choice
a. $25,100
b. $19,500
c. $26,000
d. $24,500
e. $21,500
Answers
The cost of goods sold for the period ending December 31 by Martock Company that uses the periodic inventory system is B) $19,500. Option b is correct.
periodic inventory system - Periodic inventory system is a method used by companies to account for inventory. In this method, the company determines the ending inventory balance by physically counting the inventory on hand.
The company uses this ending inventory balance along with information about the cost of goods sold to calculate the cost of goods available for sale.
calculating cost of goods sold - The formula for calculating cost of goods sold (COGS) is:
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
To find the cost of goods sold for the period using the periodic inventory system, use the formula:
Beginning inventory + Purchases - Ending inventory = Cost of goods sold
The information needed for the calculation is given as follows:
Beginning inventory = $17,500
Purchases = $10,000
Ending inventory = $8,000
Using the formula above, we can now find the cost of goods sold for the period:
$17,500 + $10,000 - $8,000
= $19,500
Therefore, the cost of goods sold for the period ending December 31 by Martock Company that uses the periodic inventory system is $19,500.
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What does the business entity principle primarily prevent?
Answers
Answer:
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.
Answer:
The business entity principle states that the business and its owner are two separate entities in the eyes of the law. Therefore, their respective investments, withdrawals, income, expenses, profits, and losses should also go into separate accounts. The business accounts should never include the owner’s personal transactions because this might lead to ambiguous accounting information. Thus, the business entity principle primarily prevents a distorted view of the financial condition of the business. It helps in getting a clear understanding of how well the business is actually doing.
Explanation:
sample response given when you check your work
Which economic tool would most likely be used as part of a contractionary
monetary policy?
A. Lowering the reserve requirement
O B. Raising interest on reserves
C. Buying treasury securities
D. Reducing the discount rate
SUBMIT
Answers
Answer:
O B. Raising interest on reserves
Explanation:
The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.
Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money. Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.
Answer: B. Raising interest on reserves
Explanation:
Just got it right!!!
Is financial analyst hard to study?
Answers
Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.
It may be hard but not IMPOSSIBLE!
Best wishes! :)
To save money, a potato chip company has decided to just keep airing its most popular ad all year and not create any new ads. What is MOST likely to be the result of this decision?
People will get tired of seeing this same ad over and over.
Consumers will like the familiarity of seeing an ad they recognize.
The potato chip company will become more popular than ever.
Other companies that invest in multiple ads will end up losing money.
Answers
Answer:
The correct answer is the first option: People will get tired of seeing this same ad over and over.
Explanation:
To begin with, the fact that the company will try to keep the costs stable in order to avoid increasing them will end up affecting the company at the long run due to the fact that the because of the continuos advertisement being showed the people will eventually get tired of it and that will cause a reject on the brand and with that a bad view of the way the act regarding the boring innovation that they have on showing their products. So with time, the consumers will end up buying less or at least feeling less comfortable with the brand itself due to repetition, the lack of creativity and use of good marketing.
Answer:
the first one
Explanation:
A cover letter does all of the following EXCEPT:
Sells you as the best candidate for the job
Introduces you and summarizes your resume
Explains why you don't meet every qualification of the job
Explains why you are interested in the job
Answers
A cover letter does not explain why we don't meet every qualification of the job. The correct option is c.
What is a cover letter?A cover letter can be understood as a written document which is submitted with a job application outlining the applicant's credentials and interest in the open position. A cover letter is often one of only two documents sent to a potential employer, therefore, a well or poorly-written letter can impact whether the applicant is called for an interview. A cover letter which is good complements the resume and explains why the candidate is the ideal person for the job.
Cover letter mistakes can sink a job applicant.
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A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
Marketing Costs = $1,200
Sales Costs = $9,000
Salaries = $87,000
What was the Customer Acquisition Cost?
2.
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
3.Peter owns a candy store. His starting balance last month was $15,300.
His ending balance was $12,500. What is Peter Burn Rate?
4.Terri owns a computer repair shop. Her revenue at the end of last month was $8,000. What is Terri's Run Rate?
5.Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.
What is Ben's Net Income for the last quarter?
6.Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.
What is Ben's Gross Profit for the last quarter?
7.A law passed increasing the minimum wage by 10%.
The owner of a small bakery must now pay all her laborers 10% higher wages.
What is the Minimum Amount the owner now charge customers for labor to balance her increased operational expenses?
8.A stylist charges $20.00 per haircut. The total cost for running her home-based business is $4,000.00 per month, which includes her salary of $3,000.00 per month. To cover all these expenses and her salary, she must do a minimum of 200 haircuts per month.
Because the cost of living has gone up, she wants to increase her salary to $3,500, making her total monthly expenses $4,500.00
What is the minimum price she must charge for each of the 200 haircuts so she can cover this increased salary?
9.What is the formula for determining Income Tax Expense?
Question 9 options:
Income Tax Expense = Gross Profit x Tax Rate
Income Tax Expense = Liability – Assets
Income Tax Expense= Net profit + Net Gross
Income Tax Expense = Gross Profit / Tax Rate
10.What is the formula for determining a Break-even Point?
Question 10 options:
Break-even Point = Total cost / Product or service sales price
Break-even Point = Total cost + Product or service sales price
Break-even Point = Total cost - Product or service sales price
Break-even Point = Total cost x Product or service sales price
Answers
15$ Is all i have and i think its for question 1
Please help in this question asap
Answers
Answer:
All of these
Explanation:
do I need to explain lol?? :]
which format requires that publishers set up their ad creative to reflect their site's look and feel?
Answers
Native Ads require publishers to customize their ad creative to match the look and feel of their website.
What is Native Ads?Native advertising, also known as sponsored content, is a type of advertising that mimics the appearance and function of the platform on which it appears. In many cases, it functions similarly to an advertorial and takes the form of a video, article, or editorial.Native ads mimic the format or tone of the website on which they appear, with the goal of providing a seamless user experience. Responsive ads can appear as images or text. They automatically adopt the qualities of the publisher's website, requiring no additional effort from the advertiser.Many of the issues that have led to diminishing returns in other areas of digital advertising are addressed by native ads. They are highly targeted, integrate seamlessly on the page or in a stream, and tend to drive more traffic.To learn more about native advertisement refer to :
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The capital-budgeting method that allows comparison of the relative desirability of projects that require differing initial investments is the __________
a) cash-payback method.
b) internal rate of return method.
c)net present value method.
d)profitability index.
Answers
The capital-budgeting method that allows comparison of the relative desirability of projects that require differing initial investments is the net present value (NPV) method. This method considers the time value of money and discounts the future cash flows of a project back to their present value using a predetermined discount rate.
The NPV of a project is calculated by subtracting the initial investment from the present value of its expected cash inflows. If the resulting NPV is positive, the project is considered desirable as it generates value for the company. The NPV method is widely used by businesses as it provides a comprehensive assessment of a project's potential profitability over its entire lifespan.
Other capital budgeting methods, such as the cash-payback method, internal rate of return method, and profitability index, do not account for the time value of money and can provide incomplete or misleading results.
Other methods like
a) cash payback,
b) internal rate of return,
c) net present value
do not necessarily provide the same level of comparability for projects with differing initial investments.
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According to the video, which qualities do Lawyers need? Select all that apply.
x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills
Answers
Answer:
C E F G
Explanation:
According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.
What are skills?A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.
As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.
As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.
Therefore, The right option (C, E, F, G)) is correct.
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Matthew is paid $14. 80 per hour. What is matthews time-and-a-half rate per hour
Answers
Matthews time-and-a-half rate per hour is $22.20.
Matthew's time-and-a-half rate per hour is calculated by taking his regular hourly rate and adding half of that rate to it.
So firstly we will divide the regular hourly rate by 2 and then add the half of it with the regular hourly rate and the amount obtained will be the Matthew's time-and-a-half rate per hour.
Matthew's regular hourly rate = $14.80
Half of Matthew's regular hourly rate = $14.80 / 2 = $7.40
Matthew's time-and-a-half rate per hour = $14.80 + $7.40 = $22.20
Therefore, Matthew's time-and-a-half rate per hour is $22.20.
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Which of the following is true of unethical behavior?
A. It may cause people to lose trust in you.
B. It may be prevented by creating conflicts of interest.
C. It is always illegal.
D. It is regulated by administrative law.
Answers
Answer:
Its A
Explanation:
the person above me is wrong.
It may be prevented by creating conflicts of interest is true of unethical behavior. As it supports the morally correct behavior of the person.
What is unethical behavior ?Unethical behavior is defined as behavior that goes against what is morally right or proper for a person, profession, or industry.
On the other side, ethical behavior is doing the right thing, whereas unethical action is the opposite.
Thus, option B, prevented by creating conflicts of interest is correct.
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Electronic résumés have an attractive, highly formatted appearance. T F
Answers
Answer:
False.
Explanation:
False.
Answer:false
Explanation: got it right
Norm attempted to close a sale with a new customer. Unfortunately, the customer did not purchase anything from norm; however, he learned some valuable information about this customer and is determined to continue calling on him until he finally does get a sale. Which personality trait is norm most likely exhibiting?.
Answers
Resilience personality trait is norm most likely exhibiting.
According to the American Psychological Association, resilience personality refers to both the process and the result of successfully adjusting to adverse or challenging life circumstances (APA). According to the APA, it is the capacity for mental, emotional, and behavioral flexibility and adaptation to both internal and external circumstances. According to Amit Sood, MD, the executive director of the Global Center for Resiliency and Well-Being and the developer of the Resilient Option program, "it's your capacity to withstand adversity, bounce back, and grow despite life's setbacks." A member of the Everyday Health Wellness Advisory Board is Dr. Sood.
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Resilience personality trait is norm most likely exhibiting.
According to the American Psychological Association, resilience personality refers to both the process and the result of successfully adjusting to adverse or challenging life circumstances (APA). According to the APA, it is the capacity for mental, emotional, and behavioral flexibility and adaptation to both internal and external circumstances. According to Amit Sood, MD, the executive director of the Global Center for Resiliency and Well-Being and the developer of the Resilient Option program, "it's your capacity to withstand adversity, bounce back, and grow despite life's setbacks." A member of the Everyday Health Wellness Advisory Board is Dr. Sood.
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Early entrants into newly emerging industries are typically very market-oriented True False
Answers
The statement is true that early entrants into newly emerging industries are typically very market-oriented.
They are often focused on identifying and meeting the needs of customers, and they may be more willing to take risks in order to gain a competitive advantage. These companies may also be more nimble and adaptable than larger, more established firms, which can give them an advantage in rapidly changing markets.
One example of this is the early days of the personal computer industry, where companies like Apple and Microsoft were able to gain a foothold by focusing on the needs of individual users rather than large businesses.
Another example is the rise of e-commerce, where companies like Amazon were able to gain an early advantage by offering a wider selection of products and more convenient delivery options than traditional brick-and-mortar retailers.
In addition to being market-oriented, early entrants into new industries may also be more innovative and willing to experiment with new business models. They may be less tied to existing ways of doing things and more open to exploring new ideas and approaches.
Overall, being market-oriented can be a key factor in the success of early entrants into newly emerging industries. By focusing on the needs of customers and being willing to take risks, these companies can gain a competitive advantage that helps them establish themselves as leaders in their respective markets.
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