You have been the manager of a local restaurant for the past five years. Because of increased competition, you notice you’re getting fewer customers. Despite all your attempts to attract new customers and cut costs, the restaurant’s profitability continues to decline. The restaurant owner tells you that if this year’s profit is lower than last year’s, you’ll lose your job.
When preparing financial statements at the end of the year, you notice that this year’s profit is lower. You know that by purposely understating certain expenses, you can falsely report higher profits to the owner for this year. That will allow you to keep your job for at least one more year and look for a new job in the meantime.
What are the key issues?
What if you really believe the lower profitability is caused by factors outside your control? Would this make the false reporting acceptable?
What do you think is the correct thing to do?
Answers
By taking proactive and ethical steps to address the challenges, the manager can demonstrate leadership, professionalism, and a commitment to long-term success, which can have a positive impact on their reputation and future career prospects.
The key issues in this scenario are declining profitability, increased competition, and the manager's temptation to engage in unethical practices by falsely reporting higher profits.
Believing that the lower profitability is caused by factors outside of one's control does not justify engaging in false reporting. While external factors may contribute to the decline, intentionally understating expenses to manipulate the financial statements is an unethical practice. It goes against the principles of honesty, integrity, and transparency.
The correct thing to do in this situation is to maintain ethical conduct and integrity. The manager should accurately report the financial performance of the restaurant, including the lower profit. Instead of resorting to false reporting, it would be more beneficial to explore alternative strategies to address the decline in profitability.
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Related Questions
Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
Waylon is back-to-school shopping with his mom at a large department store. He’s picked out the following items: 3 pair of pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1 hoodie for $26, 1 pair of shoes for $37. When they get to the register, they see this sign:
Answers
Answer: uhhhh
Explanation:
Answer: Waylon's Purchase will cost $198.05, and section B depends.
Explanation: Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answers
Answer:
actual harm
breach of duty
duty to act
Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
true or false? a person who is working, self-reporting herself as unemployed is an example of how the u.s. bureau of labor statistics may overstate the unemployment rate.
Answers
This statement is false: a person who is working and self-reporting as unemployed is an example of how the U.S. Bureau of Labor Statistics may understate the unemployment rate.
What is the unemployment rate?The unemployment rate is one that indicates the proportion of people who are not working with respect to those who are.
The unemployment rate is calculated by taking the number of unemployed people divided by the total labor force, which includes both employed and unemployed people.
If a person is working but reports that they are unemployed, they would be counted as part of the labor force, but not counted as unemployed. This would lead to an understated unemployment rate.
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why
do larger firms offer stock options to their employed staff members
and why is this any different from stock?
Answers
Larger firms offer stock options to their employees as a way to attract and retain talented individuals and provide them with an incentive to contribute to the company's success.
Stock options give employees the right to buy a certain number of company shares at a predetermined price, known as the strike price, within a specified period.
When the company's stock price increases, employees can exercise their options and buy the shares at a lower price, allowing them to profit from the difference.
This differs from simply owning stock because employees are given the opportunity to purchase stock at a discounted price, which can result in a financial gain if the stock price rises.
It also aligns the interests of employees with those of the company, as they have a vested interest in seeing the stock price increase.
In conclusion, larger companies can motivate and reward their staff members while encouraging a sense of ownership and loyalty by providing stock options to them. Employees are encouraged to contribute to the expansion and success of the company by giving them the opportunity to make money.
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Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Which of the following statements about traditional IRAs is TRUE?
Taxable invelliment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA.
Taxpayers may be able to reduce their tax liability by contributing to an IRA after the tax year has ended.
Taxpayers with a timely filed extension have until October 15 of the tax year to establish and contribute to an IRA.
Taxpayers who participate in an employer-sponsored retirement plan are prohibited from contributing to an IRA.
Mark for follow up
Answers
Answer:
Taxable investment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA.
Explanation:
A traditional individual retirement account (IRA) is an investment account that offers tax-advantaged retirement savings. This means that contributions to a traditional IRA are not taxed at the moment of contribution but rather at the time of withdrawing. An IRA is held in the individual person's name and may exist in place of an employer-sponsored retirement account.
Interest or capital gains from the investments activities are considered as income in IRA accounts. Any taxes due is deferred to the time of withdrawal, just like all other contributions.
Taxable investment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA. Thus, option A is appropriate.
Investments are made with the intention of creating income or profit in the future. They are typically made with money. In plain English, it entails investing money in a business or asset with the hope of receiving a return on the investment.
Investments are traditionally defined as "commitments of resources to realize benefits in the future." If money is involved, an investment represents a "commitment with the goal of receiving more money later."
Thus, option A is correct.
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QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answers
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Economist Mancur Olson concluded that groups
a. exercise too much power in the American system.
b. increase the flexibility of government.
c. can have their benefits reduced by concerted political opposition.
d. are shown to have too much power when examined individually.
e. help the government break away from long-term or previous commitments and apply funding to new problems or issues.
Answers
The answer is C. According to Mankur Olson's theory of collective action, groups can have their benefits reduced by concerted political opposition.
Olson argued that while individuals have an incentive to free ride on the efforts of others in a group, small and concentrated interest groups are more effective at organizing and lobbying for their interests than larger, diffuse groups. As a result, these smaller groups may be able to gain benefits at the expense of the larger group or society as a whole. However, if there is sufficient opposition to the group's agenda, their ability to secure these benefits may be limited.
Option A is incorrect because Olson's theory does not suggest that groups exercise too much power in the American system. Option B and E are also incorrect because Olson's theory does not focus on the flexibility of government or its ability to allocate funding to new problems. Option D is incorrect because Olson's theory does not suggest that groups have too much power when examined individually, but rather that smaller, more organized groups may be more effective at securing their interests.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
Answers
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Most (but not all) universities are 'not-for-profit' firms. We know that profit maximization leads to a situation where MC=MR for the last unit produced; this implies that the value of the resources needed to produce the good are equal to the extra amount that consumers are willing to pay for the good. This has important implications for economic efficiency and non-profits are thus less likely to be efficient producers. Why is production less efficient? and why do we allow production to be organized in this way? Why was tuition nation-wide consistently rising faster than inflation (prior to the post-Covid inflation of the last year) if universities are non-profit firms?
Answers
Production in non-profit organizations, including universities, may be less efficient for several reasons:
1. Lack of profit motive: Non-profit organizations do not aim to maximize profits, which can reduce the incentive for cost control and efficiency. Without the pressure to generate profits, there may be less emphasis on minimizing costs and maximizing productivity.
2. Decision-making processes: Non-profit organizations often involve multiple stakeholders, such as faculty, administrators, and governing boards, leading to complex decision-making structures. This can result in slower decision-making and difficulty in implementing efficient changes.
3. Funding constraints: Non-profit organizations, including universities, often rely on diverse sources of funding, such as tuition fees, government subsidies, and donations. These funding sources may be uncertain or restricted, limiting the organization's ability to invest in efficiency-enhancing measures.
4. Public interest orientation: Non-profit organizations prioritize fulfilling their mission and serving the public interest rather than solely focusing on profitability. This can lead to a broader range of objectives, including research, community outreach, and providing affordable education, which may divert resources from purely efficiency-driven activities.
Production is allowed to be organized in a non-profit manner due to various reasons:
1. Social and public benefit: Non-profit organizations often fulfill essential societal needs, such as education, healthcare, and social services. Their primary focus on public welfare aligns with societal values and goals.
2. Mission-driven approach: Non-profit organizations are often driven by a specific mission or cause, emphasizing values beyond profit maximization. This can attract individuals who are motivated by altruism and a desire to make a positive impact.
3. Tax-exempt status: Non-profit organizations may receive tax benefits and exemptions in recognition of their contribution to society. This encourages the formation and operation of non-profit entities.
Regarding the rising tuition rates in universities, several factors contribute to this phenomenon:
1. Increasing costs of operation: Universities face rising costs, including faculty salaries, infrastructure maintenance, technological advancements, and administrative expenses. These cost pressures can contribute to tuition increases to maintain quality and meet growing demands.
2. Decreasing government funding: In many cases, government funding for higher education has not kept pace with rising costs, leading universities to rely more on tuition fees to bridge the funding gap.
3. Demand and competition: Higher education is often seen as a valuable investment, leading to increased demand from students and families. As universities compete for students and strive to provide quality education, they may raise tuition to invest in academic programs, facilities, and student support services.
4. Regulatory environment: Government regulations and requirements can impose additional costs on universities, which may be passed on to students through tuition increases.
It's important to note that while universities are non-profit organizations, they still need to cover their expenses and ensure financial sustainability, which can contribute to tuition increases over time.
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using appointments or reservations to schedule delivery of services is an attempt to address the ___________ characteristic of services.
Answers
Using appointments or reservations to schedule delivery of services is an attempt to address the intangibility characteristic of services.
This is because services are intangible, meaning they cannot be touched or felt like a physical product. Therefore, appointments or reservations can help to create a sense of tangibility and structure for the customer, making the service experience more concrete and reliable. Additionally, appointments or reservations can also help to manage the logistics of service delivery, ensuring that the service provider has enough time and resources to meet the customer's needs at the specified address or location.
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___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
Answers
D. elective requrement are courses that build knowledge and skills in a specific field
When an account payable is paid off in full, an entry is journalized that credits
which account?
O A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Income
Answers
Answer:
B
Explanation:
a pricing team is using game theory to guide their pricing strategy. what advice would you be most likely to expect a seasoned member of the team to share?
Answers
Game theory can offer valuable insights into pricing strategies, helping the pricing team make informed decisions and maximize their outcomes.
In what ways can game theory inform pricing strategies effectively?Game theory provides a framework for analyzing strategic interactions among players in a competitive market. By considering the behavior and responses of competitors, a seasoned member of the pricing team would likely advise using game theory to:
Understand competitors' reactions: Game theory helps identify how competitors are likely to react to changes in pricing. By analyzing their strategies and potential responses, the team can anticipate competitive dynamics and adjust pricing accordingly.
Optimize pricing strategies: Game theory enables the pricing team to assess different pricing scenarios and their potential outcomes. By modeling the behavior of competitors and customers, the team can determine optimal pricing levels that balance profitability and market share.
Mitigate pricing wars: Game theory can provide insights into avoiding or mitigating pricing wars. By understanding the incentives and reactions of competitors, the team can develop strategies that discourage aggressive price competition and maintain a stable market environment.
Identify pricing opportunities: Game theory allows the pricing team to identify opportunities to gain a competitive advantage. By analyzing the strategic positioning of competitors and customers' preferences, the team can spot underutilized market segments and develop pricing strategies that capture additional value.
Enhance negotiation tactics: Game theory can improve the pricing team's negotiation skills. By understanding the bargaining power of different players and their potential strategies, the team can develop effective negotiation tactics to secure favorable pricing agreements.
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PLEASEE! unit test in progress!!
A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients
Answers
Answer:
It is D
Explanation:
.
the elements of consideration, in a bilateral contract for a sale of goods, are the sale and the goods. group of answer choices false true
Answers
In a bilateral contract for the sale of goods, consideration refers to the exchange of something of value between the parties involved.
Sale: The first element of consideration is the sale itself. This refers to the agreement between the buyer and the seller to transfer ownership of goods in exchange for some form of consideration. The sale establishes the intention of the parties to enter into a contractual relationship.
Goods: The second element of consideration is the goods that are the subject of the contract. Goods typically refer to tangible, movable items that are bought or sold, such as merchandise, equipment, or commodities. The specific nature and description of the goods should be clearly defined in the contract to avoid any ambiguity or misunderstanding.
Consideration is a fundamental requirement for the formation of a valid and enforceable contract. It ensures that each party is giving something of value and creates a mutual obligation to perform their respective duties under the contract. Without consideration, a contract may be considered gratuitous and lacking the necessary elements for enforceability.
It's important to note that these elements of consideration can vary depending on the jurisdiction and specific contractual terms. Legal advice from a qualified professional should always be sought for specific contract-related matters.
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in order to keep a positive tone during a meeting, the leader should handle apparently bad ideas by gaining clarification of them by
Answers
The leader should gain clarification of apparently bad ideas through active listening and respectful questioning.
In order to maintain a positive tone during a meeting, a leader should handle apparently bad ideas by gaining clarification of them through active listening and respectful questioning. Instead of dismissing or criticizing the idea outright, the leader should create an open and non-judgmental environment where team members feel comfortable expressing their thoughts. By asking for clarification, the leader demonstrates a genuine interest in understanding the idea better, giving the individual an opportunity to provide more information or context. This approach helps to foster a collaborative atmosphere and shows respect for everyone's contributions. It also allows the leader to gather more information, consider different perspectives, and potentially uncover hidden value or potential in what initially seemed like a bad idea.For more such questions on leader
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How to inflate myself like a balloon
Answers
Answer:
get airget more air There you go :)get even more air I'll see you in the moon :0drink the air
please someone answer this brainlest and 45 pionts. In this activity, you will help three students sort through information about the clusters in this unit to help them chart their career pathway. Each student has a basic idea of which cluster they would like to be in, but that’s it! Your task will be to give them career options in these clusters, explain how their skills match that pathway, chart their education path, and describe their ultimate work environment. Our students may not go down the pathway you recommend, but at least you will give them a good rough outline to work with!
Stephanie
Growing up with dyslexia, Stephanie always struggled in English and Reading. Math was a breeze for her, though. Along the way, there were a few teachers who really worked closely with Stephanie to help her absorb the information she needed, and they showed her how to make learning fun! Stephanie particularly loved studying trigonometry and even her high school teacher is having difficulty keeping up with her. Now that she has been able to figure out how to study, education no longer scares Stephanie. In fact, she finds it a great way to explore and understand the world around her!
Based on what you know about Stephanie, create a personalized career pathway form for her. On this form, you need to include the following information:
Recommended pathway for Stephanie
Skills that Stephanie has that would be valuable in this career
What type of education is required to work in this career pathway
A description of where she might work and what tasks she might perform
Ethan
Ethan has always been interested in the stars. For his eighth birthday, his father bought Ethan a telescope that allowed him to see comets, satellites, and nearby planets clearly. Once in high school, Ethan struggled with his English Literature course until one of his classmates pointed out that many poems have a mathematic rhythm. This was really interesting to Ethan. Unfortunately, Ethan’s grandparents, who live in Thailand, suffered a complete loss of their home due to a tsunami. They have come to live with Ethan. Ethan wonders if there was a way to prevent the tsunami or if the kind of earthquakes that cause the tsunami here happen on the moon.
Based on what you know about Ethan, create a personalized career pathway form for him. On this form, you need to include the following information:
Recommended pathway for Ethan
Skills that Ethan has that would be valuable in this career
What type of education is required to work in this career pathway
A description of where he might work and what tasks he might perform
Yusuke
Yusuke has been a fan of online games for as long as she can remember. She particularly loves the role-playing games that allow her to build virtual empires and exchange goods with other players. Yusuke believes that because she connects with gamers from around the world while she is playing, the games help her develop a better world view. She unlocks almost every puzzle there is in a game and many times, players will reach out to Yusuke for tips and tricks. If there is a work-around, Yusuke will find it! She has saved up her money for three years to buy a gaming laptop that will be able to give her the all-encompassing experience that she wants. Yusuke is excited to try even more games with her new tech, as soon as she gets a feel for it.
Based on what you know about Yusuke, create a personalized career pathway form for her. On this form, you need to include the following information:
Recommended pathway for Yusuke
Skills that Yusuke has that would be valuable in this career
What type of education is required to work in this career pathway
A description of where she might work and what tasks she might perform
Answers
Explanation:
Stephanie:
Recommended pathway: Mathematics and Statistics
Skills: Stephanie has excellent math skills and a love for learning, which will be valuable in a career related to mathematics and statistics. She also has the ability to make learning fun and has developed effective study habits.
Education: A bachelor's degree in mathematics or statistics is usually required to work in this field. Higher-level positions may require a master's degree or PhD.
Work environment: Stephanie may work in a variety of settings, such as research and development, government agencies, finance, or education. Some tasks she might perform include analyzing data, creating mathematical models, and developing algorithms.
Ethan:
Recommended pathway: Astronomy and Astrophysics
Skills: Ethan has a passion for astronomy and a talent for mathematics. He has also shown an interest in finding solutions to real-world problems, such as the prevention of natural disasters.
Education: To work in the field of astronomy and astrophysics, a bachelor's degree in astronomy, physics, or a related field is usually required. Advanced degrees such as a master's or PhD may be necessary for research or teaching positions.
Work environment: Ethan may work in a variety of settings, such as universities, government agencies, observatories, or private research firms. Some tasks he might perform include observing and analyzing astronomical data, developing models and simulations, and conducting research on topics such as planetary formation or the evolution of stars.
Yusuke:
Recommended pathway: Computer Science and Information Technology
Skills: Yusuke has a talent for problem-solving and a deep understanding of online gaming. She is also able to connect with people from around the world and has developed skills in teamwork and collaboration.
Education: A bachelor's degree in computer science, information technology, or a related field is usually required to work in this field. Certifications in specific programming languages or technologies may also be valuable.
Work environment: Yusuke may work in a variety of settings, such as software development companies, video game studios, or technology consulting firms. Some tasks she might perform include developing software or games, testing and debugging code, and collaborating with other team members to create new technologies or improve existing ones.
using a perpetual inventory system, how should a company record the sale of inventory costing $460 for $940 on account?
Answers
Under the perpetual system, when inventory is sold, the business must make two entries.
How do you track sales in a perpetual inventory system?Depending on how the money is received, we will credit Sales Revenue and debit Cash or Accounts Receivable to record sales. However, in order to record the expense for the cost of products sold, we must also match the income received with the expenses incurred (remember the matching principle?).
Which entry comes after the recording of sales when a corporation uses a perpetual inventory system?Accounts Receivable, Sales Revenue, Cost of Goods Sold, and Inventory are used in the perpetual inventory system. Many accountants would utilize two entries for the transaction, with the first acknowledging income and cash due from the customer and the second
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Tomorrow is my interview in Lucknow Public School for 9th standard. Can anyone help me by giving some tips and tricks
Answers
Interview questions vary from school to school.
Prepare for:
1. Your introduction
NameAgeFavorite subjectHobbiesBe prepared for some basic questions on your favorite subjects and hobbies.
2. General Knowledge
Current affairsNational symbolsYour regional questionsBasic math, science, social science questions.3. Previous years questions
Questions from 8th grade.4. Why do you want admission in this school?
It will be beneficiary if you tell them something like that they are reputated and they have the best facilities etc.Never say anything bad about your previous school, it is a bad impression. Just say that previous one was good too, but this is better.Are items of lower quality sold on BLACK FRIDAY? Give an example.
Answers
Answer:
Items of Low price can't be sold on BLACK FRIDAY because black friday means that the price are brought down to a low price which mean items of low price can't be sold on BLACK FRIDAY
Ell us about a time when your attention to detail was critical in preventing a major issue/error
Answers
Tell us about an error instance when your focus on detail was essential in avoiding a significant way is troubleshooting error.
The capacity to concentrate on a particular job while carefully considering and attending to all of its important features might be characterized as attention to detail. An illustration of paying attention to detail is finding and fixing any typos or grammatical problems in an email before sending it.
When describing anything that is more substantial, serious, or crucial than other elements within a group or circumstance, you use the word major. If the situation is casual, use the word "issue." You may use the word "issue" while discussing a political matter or a topic for a discussion. if the circumstance is official.
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Correct Question:
Tell us about a time when your attention to detail was critical in preventing a major issue/error.
Researchers conducted a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income- and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± $22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. Researchers are certain that the interval ($894.90, $939.10) contains the mean.
Answers
Question Completion:
Researchers are ________certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____. (
all rent-controlled apartments in New York City.
all rent-controlled apartments in Bronx.
the 157 apartments in the sample.
all apartments in Bronx)
Answer:
Researchers are ___95%_____certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____.
all rent-controlled apartments in Bronx.
Explanation:
The 157 samples were from the Bronx, "obtained from a large collection of income- and expense-filing statements." The concentration of the study was on "rent-controlled apartments in the Bronx." So, the study or research is specific. Therefore, the generalization from its findings can only be specific to the Bronx borough of New York City and affecting only rent-controlled apartments.
When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.
Answers
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
If the manager of pep zone wants the probability of a stockout during replenishment lead-time to be no more than 05, what should the reorder point be?
Answers
The reorder point should be,
From the standard normal table, the indicated z score for the area of 0.0500 subtract from 1, and the indicative area of 0.9500 is 1.645.
x = μ+ (2xσ)
=15+ (1.645×6)
= 24.87
The reorder point should be 24.87
An economic order quantity should assist in identifying what will be the best most fulfilling order quantity at the business enterprise's lowest rate. Much like EOQ, the reorder point will recommend when to place an order for specific products based on their ancient call.
Small corporations can use the reorder point formulation to calculate when gadgets want to be replenished before their inventory ranges hit 0. Using this stock management device can help keep away from an unwanted out-of-stock message for your clients, that may frequently be disruptive to their purchasing experience.
The reorder point (ROP) is the minimal stock or inventory degree for a particular product that triggers the reordering of more inventory while reached. While calculating the reorder points for special SKUs, the lead time it's going to take to refill inventory is factored in to ensure inventory tiers don't attain 0.
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patagonia emphasizes the importance of teamwork and collaboration at the organization. given the high level of employee interaction, it is important for the organization to compensate employees appropriately for the work they do within the organization. generally this means employees with more responsibilities should have higher pay than those with lesser responsibilities. what kind of compensation system assigns compensation based on the relative value of each job in the organization?
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The kind of compensation system that assigns compensation based on the relative value of each job in the organization is a job evaluation compensation system.
What is compensation?Compensation is a set of rewards or remuneration granted to an employee in exchange for their services. Compensation is one of the most essential human resource management processes because it serves as a source of motivation, job satisfaction, and employee retention.
The job evaluation compensation system is a type of compensation system that assigns compensation based on the relative value of each job in the organization.
The following are the steps involved in the job evaluation compensation system:
1: Define the job
2: Identify the job factors
3: Assign weights to the job factors
4: Evaluate the jobs
5: Create a job hierarchy
6: Assign pay grades to the jobs
7: Create a salary structure
8: Assign individual pay rates based on their position in the structure
Therefore, it can be concluded that the job evaluation compensation system assigns compensation based on the relative value of each job in the organization.
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Outline six uses of computer
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I have given many options