Making the buying and selling of goods illegal shifts the demand curve left and shifts the supply curve left.
The supply and demand curves are significantly affected when buying and selling a good is made unlawful. The quantity of the good that is wanted will decrease as a result of the demand curve shifting to the left.
As a result of the product no longer being available for purchase, less of it will be demanded overall.
On the other side, because the suppliers of the goodwill no longer can sell it, the supply curve will also shift to the left.
As a result, suppliers will stop producing as much of the good because they can no longer profit from selling it.
These two changes have the combined effect of decreasing the equilibrium quantity of the good and raising its equilibrium price.
As a result, the equilibrium point of the curves will change to a lower quantity and a higher price. This is because both the quantity required and the quantity provided have been reduced.
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Customer service representatives who seek to solve problems for customers need to understand their
a. skill variety.
b. task significance.
c. task discretion.
d. autonomy.
e. task identity.
Option B is correct. Customer service representatives who seek to solve problems for customers need to understand their task significance.
The JCM determines that just when representatives feel their work decidedly affects others' prosperity will they have a more prominent feeling of importance in their work. Task importance is the degree to which representatives see their work as altogether affecting others, either inside or beyond the association.
The task's significance lets you know that it means a lot to the association. For example, a secretary's position has a decreased undertaking significance. To answer telephones and sort mail, a brief worker might be employed.
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A financial market in which only short-term debt instruments are traded is called the _____ market.
A) bond
B) money
C) capital
D) stock
The Money market deals with short-term loans, usually for a period of one year or less. This is option B.
The money market trades in short-term debt securities. It's a constant inflow of plutocrat between governments, pots, banks and fiscal institutions, borrowing and borrowing for ages as short as one night and as little as one time.
The capital request includes trading in stocks and bonds. The main ideal is to give borrowers with short- term finances on reasonable terms.
And since all securities are short-term, lenders also benefit from liquidity. Turn savings and unused public funds into effective investments.
Money markets serve five functions:
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What is the Federal Work Authorization User Id or E-Verify Company Identification Number on the affidavit?
Businesses are given a number when they sign up for E-Verify, which is known as the "federal work authorization user identification number" (also known as the "EEV User Identification Number" or "E-Verify Company ID number").
Employers can use the web-based E-Verify service to determine whether or not new workers are authorised to work in the United States. Federal law now makes E-Verify largely voluntary, but an increasing number of states have approved laws mandating some firms to enrol in the programme. The E-Verify Business ID number is referred to in some state statutes by the needlessly lengthy term "federal work authorization user identity number." Employers receive their Company IDs in a consecutive order. Today's numbers are seven digits, although ancient numbers could be four.
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corporation had a balance of in prepaid supplies at the beginning of the year. the company purchased of supplies during the year. at year​ end, prepaid supplies had a balance of . what is the amount of supplies expense that corporation will recognize for the​ year?
The matching principle of generally accepted accounting principles (GAAP) prohibits the recording of expenses on the income statement prior to their occurrence.
Future costs that are already paid for in advance include rent and insurance. Prepaid expenses are first listed as an asset on the balance sheet. The amount is then recorded as an expense as the benefits of the assets are realised over time.
Insurance is an example of a prepaid expense because it is frequently purchased in advance for several future periods; an entity first records this cost as a prepaid expense (an asset).
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what must a plaintiff prove in an express warranty case?
Before a plaintiff can be awarded damages under this theory, the plaintiff must establish two things: (1) The defendant's product actually fell short of its express claims, and (2) The plaintiff relied on these warranties to his or her harm.
What is plaintiff?The person who files a lawsuit with the court is known as the plaintiff. In doing this, the plaintiff is looking for a legal remedy. The court will rule in the plaintiff's favour and issue the necessary orders if this search is successful. In contrast to the defendant, who is the party who is being sued, the plaintiff is the party who initiates or on whose behalf the legal action is initiated. In civil and equity law, as well as admiralty, the term is equivalent to petitioner and libelant, respectively. The defendant is the individual or thing who is being sued. In legal actions and/or lawsuits, the phrases plaintiff and defendant are frequently employed.
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as the price decreases along a linear demand curve, the price elasticity of demand becomes. True or False?
The statement ; "as the price decreases along a linear demand curve, the price elasticity of demand becomes more elastic" is True , because the quantity demanded increases proportionally more than the decrease in price.
As the price decreases, the consumers become more sensitive to changes in price and are more likely to buy the product, leading to a greater increase in quantity demanded.
Conversely, as the price increases, the price elasticity of demand becomes less elastic, which means that the consumers become less sensitive to changes in price and are less likely to buy the product, which leads to a smaller decrease in quantity demanded .
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The given question is incomplete , the complete question is
As the price decreases along a linear demand curve, the price elasticity of demand becomes more elastic . True or False ?
leung crafts is contemplating the purchase of a new $218,000 computer-based order entry system. the system will be depreciated straight-line to zero over the system's five-year life. no bonus depreciation will be taken. the system will be worth $20,000 at the end of five years. the company will save $73,500 before taxes per year in order processing costs and will reduce working capital by $18,600 on day 1. the net working capital will return to its original level when the project ends. the tax rate is 21 percent. what is the internal rate of return for this project?
The internal rate of return for this project is 17.45%.
How did we get the value?To calculate the internal rate of return (IRR), we need to find the discount rate that sets the present value of the project's cash inflows equal to the initial cost of the project. We can use the following formula to calculate the IRR:
PV inflows = Initial cost
where PV inflows is the present value of the cash inflows, which include savings in order processing costs and the salvage value of the system, and Initial cost is the cost of the system minus the reduction in working capital.
Step 1: Calculate the cash inflows
Annual savings in order processing costs = $73,500
Present value of savings over 5 years, discounted at 21% = $267,758
Salvage value of the system at the end of 5 years = $20,000
Present value of salvage value, discounted at 21% = $11,182
Total cash inflows = $267,758 + $11,182 = $278,940
Step 2: Calculate the initial cost
Cost of the system = $218,000
Reduction in working capital = $18,600
Initial cost = $218,000 - $18,600 = $199,400
Step 3: Calculate the IRR
Now we can set up the equation:
PV inflows = Initial cost
$278,940 / (1 + IRR)^1 + $278,940 / (1 + IRR)^2 + $278,940 / (1 + IRR)^3 + $278,940 / (1 + IRR)^4 + $278,940 / (1 + IRR)^5 = $199,400
Using trial and error or a financial calculator, we can find that the IRR for this project is approximately 17.45%.
Therefore, the internal rate of return for this project is 17.45%.
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an increase in demand combined with no change in supply causesa decrease in demand because the supply curve does not shiftb. the equilibrium price to fallc movement rightward along the demand curved. the equilibrium price to rise.
An increase in demand combined with unchanged supply shows a shortage, leading to a higher equilibrium price. To deal with such situations, prices tend to rise, resulting in a higher equilibrium price and quantity.
A change in one of the variables (shifters) maintained constant in any demand and supply model will cause a change in demand or supply. A shift in the demand or supply curve affects the equilibrium price and quantity of a commodity or service. We may witness increased market competition as a result of rising demand. Consequently, if demand rises but supply remains constant, the demand curve will shift to the right, and the equilibrium price will rise.
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It is useful for a new venture to think about its position at both the _____ level and the product or service level
It is useful for a new venture to think about its position at both the business level and the product or service level.
At the business level, a new venture needs to think about its overall strategy, including its mission, goals, target market, and competitive advantage. This involves identifying the unique value that the venture brings to the market and how it plans to differentiate itself from competitors.
At the product or service level, a new venture needs to think about the specific features and benefits of its offerings, as well as how they meet the needs of its target customers.
By thinking about both levels, a new venture can create a strong overall strategy while ensuring that its products or services are aligned with its business goals and provide value to its customers.
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State true or false and justify your answer:Beginning merchandise inventory minus purchases made during the fiscal period plus ending inventory equals the cost of merchandise sold.
Beginning merchandise inventory minus purchases made during the fiscal period plus ending inventory equals the cost of merchandise sold. False.
What is cost of goods sold?
The direct expenses of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials immediately used to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales force and distribution.
The phrase "cost of sales" is another name for "cost of products sold." COGS is accounted for as a business expenditure on the income statements because it is a cost of doing business. Analysts, investors, and managers can estimate the company's bottom line with the assistance of the cost of goods sold. Net revenue will go down if COGS rise. Although this change is advantageous for tax reasons, the company will make less money for its shareholders.
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in choosing the best solution for a business problem, all of the following are important considerations except: group of answer choices the attitudes of employees the cost of the solution the ability to forget about the problem once it has been solved the feasibility of the solution given existing resources and skill
b) All of the following factors, with the exception of the capacity to forget about the issue once it has been resolved, should be taken into account when selecting the optimal solution for a business problem.
What is the business issue?The largest obstacle to solving problems in businesses is that the proprietors and entrepreneurs are either unaware of the underlying problems or unwilling to acknowledge that a problem exists in their company.
Sometimes the difficulties are built into the structure of the business model, which hides them so that management does not recognize the severity of the issue or does not label the circumstance as a problem. It is comparable to a patient who has a problem that they don't recognize or ignore until it becomes a health crisis. Business concerns change with time, and as a company expands, so do the problems themselves.
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A term life insurance policy offered to employees at a software engineering firm will pay a beneficiary a certain sum of money should the policyholder die an untimely death. suppose a recent female graduate who is 22 years old joins this firm. they buy a $250,000 1-year term life insurance policy for $350. according to the national vital statistics report, the probability that a female will survive the year at 22 years of age is 0.998937.Requied:Compute the expected value of this policy to the insurance company.
The sole purpose of a term life insurance policy is to pay a predetermined lump amount to the named beneficiary in the event of the insured person's passing.
A $200,000 insurance pays a $200,000 death benefit because the death payment and the policy maximum are equal. Your family is protected by the insurance policy, which also pays for any final expenses paid upon your passing and replaces any lost wages, income, or other contributions.
The premium is due as specified in the contract, and the policy expires if you don't pay (lapses.) If it expires before the end of the term, you won't owe the insurance provider anything, and they won't owe you a return for the premiums you paid.
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The____ environment includes all elements existing outside the boundary of the organization that have the potential to affect the organization. A) external organizationalB) Internal organizationalC) General environmentD) Organization environment
The external organizational environment includes all elements existing outside the boundary of the organization that have the potential to affect the organization.
What do you mean by the organizational environment?
Organizational environments are made up of the factors or institutions that surround a company and have an impact on its operations, resources, and performance. It consists of all factors that exist outside the organization's borders and have the ability to have an impact on either all or a portion of the organisation. Government regulatory bodies, rival businesses, clients, vendors, and public pressure are a few examples. Managers must have a thorough understanding of the environment in order to effectively manage the organisation. Environmental influences can be classified into two categories: internal environments and external environments.
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one can find the change in wealth from an investment by subtracting the present value of its required investment from the present value of its future cash flows.
a. true b. false
The statement is True. One can find the change in wealth from an investment by subtracting the present value of its required investment from the present value of its future cash flows.
To work out the abundance shift welcomed on by speculation, one should figure out its net present value (NPV). To ascertain the NPV, the current worth of the expected venture is first deducted from the current worth of the projected future incomes. Given a foreordained pace of return, present value (PV) is the ongoing worth of a future amount of cash or stream of income. The investment is supposed to produce riches assuming that the NPV is positive. The current worth is determined by adding a getting expense or the premium that could be procured through speculation to the future worth.
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TRUE/FALSE. when an organization’s enacted values contradict its espoused values, new employees adopt the espoused values.
The statement is False. when an organization’s enacted values contradict its espoused values, new employees adopt the espoused values.
Espoused values in economics refer to the set of beliefs, principles, and goals that an organization or society publicly declares to uphold. These values often guide decision-making and behavior in economic systems. For instance, a company may publicly espouse values such as social responsibility, environmental sustainability, or ethical business practices. These values serve as a framework for how the company operates and interacts with stakeholders.
Similarly, in macroeconomics, espoused values may refer to the economic policies and goals of a government or society. For instance, a government may espouse values such as free-market capitalism, socialism, or protectionism. These values may guide the government's decision-making in areas such as trade, taxation, and regulation.
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Why do project managers need to understand their organization's mission and strategy?A. To reduce project duration and increase the number of projects implementedB. So they can make appropriate decisions and adjustments and be effective project advocatesC. It is only important for senior management to understand the organization's mission and strategyD. To get their job done and increase opportunities for promotionE. So that they can makes sure the customer is satisfied
Option B is correct. Project managers need to understand their organization's mission and strategy so they can make appropriate decisions and adjustments and be effective project advocates.
Project management lies at the core of most day-to-day tasks. Project chiefs are liable for coordinating groups, creating group designs and working with project execution to accomplish an organization's objectives. A project manager's job relies upon the association and its industry. A project manager's essential obligation is association. Assuming a venture is relegated to a director, it by and large includes numerous components that should get sorted out. Regardless of whether various divisions in a business share liability in finishing an undertaking, the project manager is liable for guaranteeing every office plan works appropriately and matches up with the others to dependably finish the task. In this manner, project supervisors should keep each errand on target and imagine the undertaking, all in all, to guarantee it meets up appropriately. Remaining on a financial plan and complying with each time constraint are two similarly significant undertaking administrator obligations.
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what analytical framework discussed in the chapter helps understand and evaluate the benefits and uses of collaboration tools?
An analytical framework discussed in the chapter helps understand and evaluate the benefits and uses of collaboration tools are Time/space matrix.
What do you mean by an analytical framework?Analytical frameworks refers to an intended to structure an analyst's thinking and aid logical reasoning in a systematic manner.
An analytical framework is made up of two components: a theoretical framework and a conceptual framework.
A theoretical framework comes before a conceptual framework and represents a topic in a general and visual manner. Risk = Hazard * Vulnerability / Capacity to cope is a well-known example.
Supports, guides, and underpins data collection, collation, storage, and analysis by identifying key analytical outputs and products at each stage of the analysis.
Therefore, an analytical framework discussed in the chapter helps understand and evaluate the benefits and uses of collaboration tools are Time/space matrix.
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The Great Recession of 2007-09 illustrated the situation where a negative demand shock occurred and:
A negative demand shock occurred, and prices and production were both "sticky" or rigid, as was the case during the Great Recession of 2007–2009.
The subprime mortgage crisis, declining home prices, and diminished household wealth all contributed to a negative demand shock in the US economy during the 2008 global financial crisis, which in turn decreased consumer spending.
When consumers are prepared to pay less because they want to consume less as a result of the shock, transaction prices fall. Because providers are ready to create less when prices fall, the amount that is supplied and consumed declines. A demand shock is an unexpected occurrence that may cause the demand for products or services to temporarily spike or fall.
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Fill The Blank! ______ budgeting is the process of making and managing expenditures on long-term assets.
Capital budgeting is the process of making and managing expenditures on long-term assets.
It involves analyzing projects to determine which ones should be funded and which should be rejected. Capital budgeting decisions involve analyzing the expected costs and benefits of a project over its life and determining whether the expected benefits exceed the expected costs.
The goal of capital budgeting is to make sound financial decisions that maximize the return on investment while minimizing risk. This may involve determining the optimal timing of investments, evaluating the cost of capital, calculating the net present value of a project, assessing the internal rate of return, and more.
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​________________ results when consumers believe that various brands provide the same set of attributes.
A.) Dissociation
B.) Brand parity
C.) Brand identification
D.) Brand loyalty
E.) Generic branding
Brand parity results when consumers believe that various brands provide the same set of attributes. This can make it difficult for a particular brand to differentiate itself from its competitors in the eyes of the consumer.
Therefore the answer is B.
Brand parity refers to the perception that multiple brands in a given product category offer similar or identical features, benefits, and quality to the consumers. In other words, when consumers perceive that the competing brands have similar features, benefits, and quality, they may not see any meaningful differences among them. As a result, they may find it difficult to differentiate one brand from another, and they may not have a strong preference for any particular brand.
Brand parity can be a significant challenge for companies because it can lead to a lack of brand differentiation and reduce the potential for brand loyalty. If consumers perceive that multiple brands offer the same features, benefits, and quality, they may be more likely to switch brands based on factors such as price, availability, or convenience, rather than on the basis of brand loyalty.
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How much do most travel agents make?
The earnings of travel agents can vary widely depending on several factors such as experience, location, and employer.
According to the Bureau of Labor Statistics (BLS), the median annual wage for travel agents in the United States was $40,660 as of May 2020. The lowest 10 percent earned less than $24,930, while the highest 10 percent earned more than $69,420. The type of travel agency a travel agent works for can also impact their salary. Some travel agencies are brick-and-mortar businesses that have a physical presence in a particular location, while others are online-only agencies that serve clients remotely. Generally, travel agents who work for online-only agencies may earn less than those who work for brick-and-mortar businesses, as the overhead costs for online agencies are typically lower. In addition to their base salary, some travel agents earn commissions on the travel bookings they make for their clients. The commission rates can vary based on the type of booking and other factors. For example, travel agents may earn a higher commission on bookings for more expensive trips or for bookings made during peak travel seasons. It is also worth noting that some travel agents may be self-employed or work as independent contractors, which can impact their earnings. In these cases, travel agents may not receive a salary or base pay and may rely solely on commissions for their income. Overall, the earnings of a travel agent can vary widely, and it largely depends on their skills, experience, and the specific travel agency they work for.
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according to mr. cochran you may resort to civil disobedience if your cause is just, it affects most people, you have tried to work through the system, you are willing to pay the fine and/or go to jail, and you remain non-violent.True/False
Civil disobedience is an act of protest in which individuals or groups break a law in order to make a statement or to bring attention to an issue.
It is typically peaceful and non-violent and is often used as a last resort when other efforts to effect change have failed.
Effective civil disobedience requires that the cause be just, that it affects the majority of people, and that people make an effort to work within the system.
Those who engage in civil disobedience should also be prepared to endure any fines or jail terms that may be imposed as punishment for their activities.
Civil disobedience may be a powerful strategy for making a point and enacting change when all of these requirements are met.
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Which of the following is not scarce according to the economic definition?a. Coalb. Foodc. Timed. Workerse. None of the above
None of the above is the correct answer when it comes to the economic definition of scarcity. scarcity is an economy.
It is the result of unlimited wants and needs, combined with limited resources to satisfy them. this means that there is a finite amount of resources available, and therefore the resources must be allocated to satisfy the greatest needs of society. coal, food, and time are all considered scarce resources according to the economic definition of scarcity. Coal is a finite resource, meaning that it will eventually run out due to its limited availability.
food is a finite resource, as it is necessary for human survival and there is only a limited amount of food available. time is also a finite resource, as no one can add more time to their day. the worker is not considered a scarce resource according to the economic definition of scarcity, as there are a finite number of workers available, but the demand for them is not infinite, this means that the price of workers can be adjusted to meet the demands of the market and their availability is not limited,
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40 points pls help !
Use internet financial sites or other sources to research the scenarios and make an investment recommendation.
1) Abigail wishes to invest in the stock of a technology company. She has decided to reduce her risk by only investing in a company that pays a divident with a yield over 1%. What stock would you recommend?
Stock name:
Ticker Symbol:
Current share price:
If the commission is $10, how many whole shares can she buy with $5,000?:
What is the dividend yield?:
At the current dividend rate, how much will Abigail receive in dividends in the first year?:
Answer:
one possible stock that you could recommend is Garmin Ltd. (GRMN), which is a technology company that produces navigation devices, wearable fitness trackers, marine and aviation products, and more.
Ticker Symbol: GRMN Current share price: $247.51 as of Feb 15, 2023 If the commission is $10, how many whole shares can she buy with $5,000?: 20 (5000 - 10) / 247.51 = 20.14 What is the dividend yield?: 2.4% as of Feb 15, 2023 At the current dividend rate, how much will Abigail receive in dividends in the first year?: $120 (5000 x 0.024) = 120
This is just one example of a technology stock that pays a dividend with a yield over 1%. You may want to do more research and compare other options before making an investment decision.
Explanation:
hi-tek shoes is a private firm that has decided to issue shares of stock to the general public. this stock issue will be referred to as a(n): initial public offering. public service offering. open-end sale. break-out issue. initial trial issue.
The correct term for a private firm issuing shares of stock to the general public for the first time is an "initial public offering" or IPO for short. Therefore, the correct answer is "initial public offering."
What is initial public offering?A private firm can sell its shares to the general public for the first time through an initial public offering (IPO), which enables both retail and institutional investors to acquire stock in the business. This is an important stage in a company's development since it offers the chance to acquire money and gain more exposure in the marketplace.
Choosing an investment bank or group of banks to underwrite the offering, creating a prospectus providing important details about the firm and the offering, and marketing the shares to potential investors are typical steps in the IPO process.
Regulators, such as the Securities and Exchange Commission (SEC) in the United States, often examine a company's financial statements and business plan prior to its initial public offering (IPO) to make sure they comply with particular disclosure and transparency requirements. This process can take several months and demands a sizable amount of planning and resources.
The company's shares will be listed on a stock market, like the New York Stock Exchange or NASDAQ, once the IPO is over, allowing investors to trade them there. The share price is dependent on market supply and demand and is subject to change depending on a number of variables, including firm performance, market trends, and macroeconomic conditions.
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Flexibility falls under which essential skill needed by today’s managers:
system skills
political skills
financial skills
people skills
Flexibility falls under which essential skill needed by today's managers option (d) people skill
Flexibility is an essential skill that modern managers must possess to be successful. It falls under the category of "people skills," which is one of the four main essential skills needed by managers.
Being flexible means being able to adapt to changing circumstances, whether it be changes in the market, changes in team dynamics, or changes in company goals.
In mathematical terms, flexibility can be seen as the ability to change variables and adjust to new equations. Just like a skilled mathematician must be able to adjust their approach when faced with a new problem, a skilled manager must be able to adjust their leadership style when faced with a new challenge.
Overall, flexibility is a crucial skill for managers to have in today's fast-paced and constantly changing business environment. Those who possess this skill are more likely to be successful in their careers and lead their teams to success.
Therefore, the option (d) is the correct one.
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Complete Question:
Flexibility falls under which essential skill needed by today's managers:
a) system skills
b) political skills
c) financial skills
d) people skills
javier, a new insurance agent, pays one of his customers to buy his firm's insurance product. javier explains to the customer that he would pay the customer a few thousand dollars if the customer decides to invest in the policy recommended by javier. this is an example of: a conspiracy collusion bribery sales puffery kickbacks
C) When the customer decides to invest in the insurance policy that Javier suggests, Javier explains to the customer that he will pay the customer a few thousand dollars. This is an illustration of bribery.
What is bribery?Bribery is the act of offering, donating, receiving, or soliciting something of value in order to influence a representative of the government or another individual in charge of carrying out legal or public duties to follow a specific course of action. In relation to governmental actions, bribery is described as "Corrupt solicitation, acceptance, or transfer of value in exchange for official action."
Giving money or other valuables that are otherwise available to everyone equally and are not done dishonestly does not constitute bribery. Offering a discount or a refund is not bribery; it is a legitimate rebate that is provided to all customers.
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a worker must be retrained when _____________.
A worker must be retrained when their current skill set becomes obsolete or inadequate for the demands of their job or the industry they work in.
Retraining is typically necessary when a worker's existing skills are no longer in demand, and they need to learn new skills to continue to be productive and competitive in the job market. This may involve obtaining additional education, learning new software or equipment, or acquiring new certifications or credentials.
Retraining is often encouraged by employers who want to ensure that their workforce has the necessary skills to perform their job effectively and adapt to changes in the industry. Some employers may offer training programs or tuition reimbursement to help their employees acquire the skills they need to succeed.
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In what order are the financial statements generally prepared? O A. balance sheet, income statement, and statement of retained earnings O B. income statement, balance sheet, and statement of retained earnings O C. statement of retained earnings, balance sheet, and income statement O D. income statement, statement of retained earnings, and balance sheet
Financial statements are put together in a precise order because data from one statement is used in the next. The procedure starts with the trial balance, then moves on to the modified trial balance, income statement, balance sheet, and statement of owner's equity.
All of the accounts' balances at the end of the accounting period make up the trial balance. If, for instance, a company's accounting cycle for a given month is from May 1 through May 31, the balances at the close of business on May 31 become the entries for the trial balance.
Trial Balance Modified Adjusting entries are created after the trial balance is finished. Accounts like prepaid expenses, accrued depreciation, and salaries payable are a few examples of those that frequently need to be adjusted.
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which action can be considered a product decision?
It is possible to classify a variety of behaviors as product decisions. For instance, decisions about a specific product, such as its design or quality decisions about a product line and decisions about the product mix can all be seen as decisions on a specific product.
The choice of what goods or services a business will sell is known as a product decision. To successfully develop a marketing mix and achieve the company's goals, several choices are essential. Before we go into the specifics of product decisions, let's quickly look at some examples of the different kinds of decisions marketers might make. Marketers take into account: The primary benefit of the product when making decisions about products. Examples include.
You can slake your thirst with mineral water.
You get from place A to place B via a bus.
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