One dimension of quality is product performance. 1 - Exceeds is Performance > Expectations, 2 - Meets is Performance = Expectations, and 3 - Does not meet is Performance < Expectations.
When the product performance exceeds customer expectations, it is considered to be of higher quality than expected. This relationship is represented by option B, "Exceeds".
When the product performance does not meet customer expectations, it is considered to be of lower quality than expected. This relationship is represented by option C, "Does not meet".
When the product performance is equal to customer expectations, it is considered to be of expected quality. This relationship is represented by option A, "Meets".
Complete question:
One dimension of Quality is product Performance. Match the customer expectation result with the different performance relationship:
A - Meets
B - Exceeds
C - Does not meet
1 - Performance > Expectations
2 - Performance < Expectations
3 - Performance = Expectations
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Who is Malcolm Gladwell?
Answer:
Malcolm Gladwell is a Canadian journalist, author, and speaker. He has written several books, including "The Tipping Point: How Little Things Can Make a Big Difference," "Blink: The Power of Thinking Without Thinking," and "Outliers: The Story of Success." Gladwell's writing often explores the unseen connections and patterns in society and human behavior. He is also known for his ability to take complex ideas and make them understandable and accessible to a wide audience. Gladwell has been a staff writer for The New Yorker since 1996, and his articles and essays have been widely anthologized. He has also been a frequent guest on television and radio programs, and has given talks on a variety of topics related to his writing and research.
Compared to NAFTA, the USMCA requires that a greater percentage of a car and its components be produced in North America, and by workers who get better wages. True or false
True that Compared to NAFTA, the USMCA requires that a greater percentage of a car and its components be produced in North America, and by workers who get better wages.
What are the main differences between the USMCA and NAFTA?The sunset clause, which stipulates that the agreement will expire 16 years after it was adopted, is one of the main distinctions between NAFTA and USMCA (2036). In order to make sure no flaws are missed, the trade agreement must also be reviewed and updated every six years. The USMCA also stipulates that a vehicle manufacturer must source at least 70% of its purchases of steel and aluminum from North America. Last but not least, the USMCA added a new labor value content (LVC) provision that mandates that a particular proportion of eligible automobiles be produced by workers making an average of $16 per hour or more.United States of Mexico On November 30, 2018, the United States, Mexico, and Canada signed the Canada Agreement, which supports businesses, farmers, ranchers, and some high-paying jobs.
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stockamount investedstock a$1,000stock b$2,000stock c$1,000stock d$4,000calculate the weight of each stock in the portfolio (the percentage invested in each stock).
the weight of stock A is 20%, stock B is 40%, stock C is 20% and stock D is 20% in the portfolio.
To calculate the weight of each stock in the portfolio, divide the amount invested in each stock by the total amount invested in the portfolio.
Stock A weight: $1,000 / ($1,000 + $2,000 + $1,000 + $4,000) = 0.20 or 20%
Stock B weight: $2,000 / ($1,000 + $2,000 + $1,000 + $4,000) = 0.40 or 40%
Stock C weight: $1,000 / ($1,000 + $2,000 + $1,000 + $4,000) = 0.20 or 20%
Stock D weight: $4,000 / ($1,000 + $2,000 + $1,000 + $4,000) = 0.20 or 20%. So, the weight of stock A is 20%, stock B is 40%, stock C is 20% and stock D is 20% in the portfolio.
A stock market is a marketplace where publicly traded companies' stocks are bought and sold. It is a platform where investors can buy and sell shares of stocks in publicly traded companies, and it provides a way for companies to raise capital by issuing shares of stock. The prices of stocks fluctuate based on supply and demand, and are influenced by a variety of factors such as company performance, economic conditions, and overall market sentiment. The stock market can be a powerful tool for long-term wealth creation, but it also carries a level of risk.
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Which of the following are places companies have achieved reduction in the time required to complete activities? 1) Processing time 2) Promotion time ... Quality-based strategies focus on reducing the time needed to conduct the various activities in a process.
The correct answer is that processing time and lead time are two places where companies can reduce the time required to complete activities through quality-based strategies.
Companies can achieve a reduction in the time required to complete activities in several areas, including:
Processing time: by streamlining processes and reducing waste.
Lead time: by reducing the time it takes to complete a task, from start to finish.
Cycle time: by reducing the time between completing one task and the start of the next one.
Waiting time: by reducing the time workers or products spend waiting for resources or other tasks to be completed.
Inspection time: reducing the time required for quality control checks and inspections.
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a positive externality is internalized when group of answer choices supply shifts to the left until the socially optimum level of production is obtained. demand shifts to the right until the socially optimum level of output is obtained. demand shifts to the left until the socially optimum level of production is obtained. none of the above b and c
Out of the provided alternatives, it may be stated that when the demand curve shifts to the right until the socially optimum level of output is obtained, a positive externality is internalized. Therefore, the option B holds true.
The rightward shift of the demand curve is usually a representation of the fact that demand for a product has increased in the market in which it has been offered for sale. Moreover, when the demand curve shifts to the right, it also represents the internalization of positive externality.
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WILL GIVE BRAINLIEST
A hotel will only hire people who can lift 50 pounds or more as bellpersons. This is considered a
- business necessity
- discriminatory action
- nonessential function
- biased decision
Answer:
Business necessity
Explanation:
A hotel that only hires people who can lift 50 pounds or more as bellpersons is considered a business necessity. This is because the job of a bellperson requires physical strength and ability to lift and move heavy bags. This is a legitimate requirement of the job and not considered a discriminatory action, nonessential function or a biased decision.
You are an entrepreneur in the process of purchasing a small business. You want your investment to be safe, so you need to select a business that can be classified as a small business so as to qualify for SBA financing and government contracts. Which of the following would qualify? A. A For-Profit commercial bakery with 475 employees. B. A Not-For-Profit hospital with 1,200 employees. C. A For-Profit architecture design business with 3-year average revenue of $9.2M. D. An Independently owned and Operated farm business with $900,000 in average revenue over 3-years.
D. an Independently owned and Operated farm business with $900,000 in average revenue over 3-years.
What is revenue ?
Revenue is the income generated by a company or organization when it provides goods or services to customers. It is the total amount of money received by a company before subtracting any expenses or taxes. Revenue is essentially the “top line” of a company’s financial statement, and it can come from various sources, such as the sale of goods or services, investments, or donations.
the sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted.
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T /F The International Monetary Fund (IMF) makes short-term loans to developing countries experiencing balance-of-payment deficits.
The International Monetary Fund (IMF) makes short-term loans to developing countries experiencing balance-of-payment deficits---- False.
Short- and medium-term loans are offered by the IMF to countries that are having trouble meeting their international payment obligations and their balance of payments. Quota contributions from IMF members make up most of the money for loans.
What is the IMF and how does it assist developing nations?The 190 nations that make up the International Monetary Fund (IMF) strive for long-term prosperity and growth. It accomplishes this by providing financial support to economic policies that foster monetary cooperation and financial stability, which are essential for increasing productivity, job creation, and economic well-being.
What role does the IMF play in the balance of payments?A standby arrangement, which makes short-term assistance available to nations experiencing temporary or cyclical balance-of-payments deficits, is one of the IMF's financing programs or facilities for providing these loans; a facility with an extended fund that supports relief in the medium term; an additional
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WILL GIVE BRAINLIEST
If a hotel treats one group of employees differently because of their race or religion, this is considered
- A class action
- A bona fide occupational qualification
- A business necessity
- Harassment
Answer:
Harassment
Explanation:
If a hotel treats one group of employees differently because of their race or religion, this is considered harassment. Harassment is a form of discrimination that involves any unwanted or unwelcome behavior that creates a hostile or intimidating work environment. Treating employees differently based on their race or religion is a violation of federal and state anti-discrimination laws and it's not a bona fide occupational qualification, a business necessity or a class action. It's important for employers to ensure that all employees are treated fairly and with respect, regardless of their race or religion.
Kahneman and Tversky found that individuals are influenced in decision making by which of the following? a) De-escalation b) Overconfidence c) Decision bias
Alongside Tversky, they found that people aren't first and foremost foresighted utility maximizers but react to changes in terms of gains and losses. The correct option is B.
What did Kahneman and Tversky find out about making decisions?
The prospect theory was developed as a result of a series of influential essays on judgement and decision-making written by Kahneman and Tversky. According to the theory, we accept chances when making judgements that could result in a certain loss but avoiding risk when making choices that could result in a potential gain. Tversky and Kahneman proposed the idea that when people attempt to make estimations or forecasts, they start with some initial value, or starting point, and then adjust from there in a 1974 work titled "Judgment under Uncertainty: Heuristics and Biases."
The Prospect Theory is Daniel Kahneman's theory, for which he was awarded the 2002 Nobel Prize in Economic Sciences. The theory is concerned with how people decide when faced with risk, particularly financial risk.
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bank w borrows $10 million from the federal reserve and lends out $8 million to firm x and keeps $2 million in vault cash. firm x deposits $6 million in a checking account at bank y and bank y lends out $5 million to firm z. firm z buys farm equipment with the $5 million. the farm equipment manufacturer spends the $5 million money on parts, rent, labor, interest and dividends. $4 million of the farm equipment expenditures end up in checking accounts at various banks. the initial loan to bank w by the fed: did not change the money supply. increased the money supply by more than $10,000,000. increased the money supply by less than $10,000,000. loans to banks by the fed are not open market operations so they do not increase the money supply.
Loans by the Fed to banks do not increase the money supply because the Fed does not buy or sell securities from its member banks in open market operations.
Option D is correct.
Elaborating:These are typically Treasury bills or mortgage-backed securities. Open market operations are the Fed's main tool for adjusting interest rates.
When it wants interest rates to increase, the Fed sells securities to banks. It curbs inflation and economic growth. When rates need to be lowered, it purchases securities.
Its goal is to boost economic growth and lower unemployment. The Federal Open Market Committee sets its interest rate target during its regularly scheduled meetings.
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Question incomplete:Bank W borrows $10 million from the Federal Reserve and lends out $8 million to firm X and keeps $2 million in vault cash. Firm X deposits $6 million in a checking account at Bank Y and bank Y lends out $5 million to Firm Z. Firm Z buys farm equipment with the $5 million. The farm equipment spends the $5 million money on parts, rent, labor, interest and dividends. $4 million of the farm equipment expenditures end up in checking accounts at various banks. The initial loan to bank W by the Fed:
A. Increased the money supply by more than $10,000,000.
B. Increased the money supply by less than $10,000,000.
C. Did not change the money supply.
D. Loans to banks by the Fed are not open market operations so they do not increase the money supply.
Which of the following is not a significant difference between competing with a new technology in an existing market and competing with a new technology in an entirely new market?
a) A new market for a radically new offering tends to attract many entrants, most offering different designs.
b) At the formation of a new market, there are no incumbent firms.
c) The technology strategist needs to recognize the potential for new competitive positions and new sources of competitive advantage, and to perceive the most profitable opportunities and the most potent threats.
d) In an existing market, a new entrant exploiting a new technology must take market share from incumbent firms.
e) For industry incumbents, transitioning to a new technology can be expensive and time-consuming.
Option D is not significant . An existing market requires that a new entry using a new technology steal market share from established companies.
This claim is false because there is no discernible difference between competing with a new technology in an existing market and competing with a new technology in a market that has never existed before. In both situations, the new entrant will need to outbid existing players in order to gain market share.
A, B, and C are accurate. A fresh market for a fundamentally new product or service tends to draw several competitors, many of whom offer unique designs. There are no established companies when a fresh market first emerges. The potential for new competitive positions and sources of competitive advantage must be recognised, as well as the most lucrative possibilities and the most serious threats.
E also holds true, It might be expensive for industry leaders to switch to a new technology.
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Which of the following is an accurate comparison between email and new media?
Both email and new media are often used in place of face-to-face conversations.
Email has mostly replaced phone calls; new media has mostly replaced memos.
Email has revolutionized business communication more than new media has.
Email came into existence during the late 1970s; new media began in the late 1980s.
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people," is the declaration made in the Tenth Amendment.
To put it another way, the Constitution does not give the federal government any powers that states do.
What is the name of states' rights?
These resolutions, also known as "state sovereignty resolutions," have no legal effect. Instead, they are meant to be a statement demanding that the federal government stop assuming powers and imposing mandates on the states for reasons that aren't listed in the Constitution.
What distinguishes a national position from a states' rights position?
The states' rights position encourages local and state intervention in addressing social and economic issues. The nationalist viewpoint supports the involvement of the national government in these matters.
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a municipality has issued a general obigation bond. which of the following are sources of income available for debt service
When a municipality issues general obligation bonds, it does so with the expectation that it will be able to pay off the debt through taxes or project-related income. There are no assets pledged as security. In relation to munis, a GO bond and a revenue bond might be contrasted.
What is debt for general obligations?
The local authority issuing the general obligation (GO) debt issuing the debt with full faith and credit. The municipality guarantees that it will use all of its tax revenue to pay the debt's interest and principal when it's due.
What sort of bond falls under general obligations?
Building public schools and roadway systems are two examples of the kinds of initiatives that can be paid for with general obligation bonds.
Since they are not backed by a specific asset or project that generates income, they are known as "general obligation" bonds. Rather, the issuer's "full faith and credit" is used to support them.
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Classify each of the following in terms of their effect on interest rates (increase or decrease): I. Covenants on borrowing become more restrictive. II. The Federal Reserve decrease the money supply. III. Total household wealth decreases. A. I increases, II increases, III increases B. I increases, II decreases, III decreases C. I decreases, II increases, III increases D. I decreases, II decreases, III decreases
I decreases, II decreases, III decreases will be in terms of their impact on interest rates for tighter I covenants on borrowing. II. The Federal Reserve reduces the amount of money available. III. The overall wealth of households declines.
The Federal Reserve System is the name of the nation's central banking system. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized power of the money system to prevent financial crises following a string of financial panics. The United States' central bank and monetary authority is the Federal Reserve System. The Fed offers a secure, adaptable, and stable financial and financial system to the nation. Each of the 12 regional Federal Reserve Banks that make up the Federal Reserve System is in charge of a certain area of the country.
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The proliferation of new media alternatives has led many firms to shift their promotional budgets from
a. stealth marketing to viral marketing.
b. personal selling to advertising.
c. advertising to direct marketing and website development.
d. publicity to public relations.
e. integrated marketing communications to diverse marketing communications
Many businesses have switched their promotional budgets from advertising to direct marketing and website development as a result of the abundance of new media possibilities. Therefore option C is the correct answer.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business firm is made up of one or more physical locations that are all owned by the same person and share the same EIN.
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it can also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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Wages for a business should be about 32 percent of gross revenue. Does the Y Sample T-Shirt Company, INC make enough revenue to hire another employee?
Yes, Sample T-Shirt Company, INC currently only spends 21% of its budget on staff salaries at the moment. They therefore have room to increase this to 32%.
What does gross revenue mean?Gross revenue, commonly referred to as gross income, is the whole amount of money made by a business, excluding any amounts that have been or will be utilized for expenses.Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.Gross revenue is the sum of money a company makes from sales in a specific time frame. Net revenue is the difference between a company's sales for a specific time period and its expenses for that same time period.Learn more about gross revenue refer to :
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As a discipline, marketing is defined as an organizational function and set of processes for creating, communicating and delivering --- to customers.
The description of marketing as a discipline is given as an organisational function and a collection of procedures for producing,
propagating, and furnishing value to guests.
The process of developing, communicating, delivering, and trading immolations that are precious to guests, guests, mates, and society at large inclusively is known as marketing. The marketing blend, which includes the four Ps of marketing( product, pricing, place, and creation), is constantly used. All given above happen to be the main factors which are crucial in creating and promoting a good or service, and they interact heavily. The benefit of marketing for your company is that it engages consumers and helps them decide whether to buy your goods or services. also, a marketing strategy that's included in your business plan aids in
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blue corp., a car manufacturing company, reaches its five-year goal of becoming market leader in the domestic market. upon reaching saturation in the local market, it decides to expand its market globally in order to increase its profits. which of the following is likely to be the primary reason for blue to enter the global market? Lower-cost resources
Longer product life
Sales growth
Product differentiation
The ability of your business to make money from sales over a predetermined time period is measured by the sales growth rate.
What is sales growth?The ability of your business to make money from sales over a predetermined time period is measured by the sales growth rate. Investors examine this rate to see whether your business is on the rise or is beginning to stagnate, in addition to your firm using it to assess internal accomplishments and issues.
The company should, however, be able to continue a good growth rate in general. A 15 to 25% annual growth rate is typically considered to be acceptable. Rates higher than that would be too much for start-up companies, who might not be able to keep up with such rapid growth.
Therefore, the correct answer is option c) Sales growth.
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Jamco Corporation is restructuring their entire company. In addition to finding ways to increase profits, they want to develop employee training and advancement opportunities, partner with community organizations, and reduce the environmental impact of their manufacturing processes. Jamco has decided to focus on A corporate social responsibility. B total quality management. their financial bottom line. their value chain.
corporate social responsibility.
Company-wide reorganization is taking place at Jamco Corporation. They seek to improve staff training in addition to measures to boost revenues.
Why have some sectors adopted the JIT method of inventory control?Productivity Gains: JIT increases productivity by shortening the time and resources required for manufacturing operations. A quicker product turnaround is possible thanks to manufacturers. Production runs can be cut in half thanks to JIT, which makes it easier and quicker for manufacturers to deliver new items.
What effects does using JIT inventory have on the company selling the inventory?The JIT methodology lowers the price of acquiring, controlling, and keeping surplus raw materials and inventory. As a result, your warehouse experiences higher inventory turnover, which keeps stock from accumulating and going out of date.
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The parts of the income statement shown here are identified with capital letters and listed in the accompanying table. Determine the location and match the letter to each part listed in the table. 1. Date of the income statement ___2. Heading of expenses section ___3. Statement name ___4. Expense account titles ___5. Expense account balances ___6. The amount of net income or loss ___7. Heading of revenue section ____8. Net income ratio (or return on sales) _____9. Revenue account title _____10. Words Total Expenses _____11. Business name ___12. Total amount of revenue ___13. Total amount of expenses ___14. Words Net Income or Loss ____15. Total expenses ratio ____
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements.
1. Date of the income statement c 2. Heading of expenses section g 3. Statement name b 4. Expense account titles h 5. Expense account balances I 6. The amount of net income or loss M 7. Heading of revenue section d 8. Net income ratio (or return on sales) o 9. Revenue account title E 10. Words Total Expenses j 11. Business name A 12. Total amount of revenue F 13. Total amount of expenses K 14. Words Net Income or Loss L 15. Total expenses ratio N.
The revenue, costs, profits, and losses incurred by a corporation over a specific time period are the main topics of the income statement. An income statement, also referred to as the profit and loss (P&L) statement or the statement of revenue and expenses, offers important information about a company's operations, the effectiveness of its management, underperforming industries, and its performance in comparison to peers in the same industry.
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a home seller, with an assumable first mortgage of $80,000 at 6%, is able to carry back financing of $20,000 and would like to yield of at least 10%. if instead of a second deed of trust, the seller offered a wraparound mortgage of the assumable loan for $100,000 at 8% interest, which of the following would be true
a home seller, with an assumable first mortgage of $80,000 at 6%, is able to carry back financing of $20,000 and would like to yield of at least 10%. if instead of a second deed of trust, the seller offered a wraparound mortgage of the assumable loan for $100,000 at 8% interest, the following would be true is The $20,000 equity will yield the seller more than a 10% yield.
A lending transaction known as a wrap-around mortgage involves the lender taking on the obligations of an existing mortgage. For instance, S might sell his house to B for $100,000 while still owing $70,000 on the mortgage. B purchases a new home with a $95,000 loan and a $5,000 down payment. Due to the fact that the new lender will be paying off the old mortgage, this mortgage "wraps around" the current $70,000 mortgage.
Lenders are drawn to wrap-arounds because they can increase their own yield by taking advantage of the existing mortgage's lower interest rate. Consider the following scenario: The example mortgage for $70,000 has a rate of 6%, whereas the new mortgage for $95,000 has an 8% rate. The lender makes 8% on the $25,000 loaned, plus the difference between 8% and 6% on the remaining $70,000. About 13.5% of the $25,000 was his total return. He would need to charge 13.5% in order to make as much money off a second mortgage. The yield on a wrap-around mortgage is calculated using the spreadsheet Yield to Lender on Wrap-Around Mortgages.
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When the Federal Reserve wants to increase the supply of bank deposits in the system and hence the money supply, they _______ the level of required reserves.
When the Federal Reserve wants to increase the supply of bank deposits in the system and hence the money supply, they decrease the level of required reserves.
To raise or lower the amount of money in the economy, central banks employ a number of strategies collectively referred to as monetary policy. By reducing the reserve requirements for banks, the Fed can increase the money supply by enabling banks to make more loans.A portion of all deposits are held in reserves, which are the funds that banks keep in safes. Banks must maintain a minimum percentage of all deposits and are subject to strict regulations in the majority of nations just in case someone needs to withdraw some money. The required reserve is this minimum percentage.To learn more about federal reserves here
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rojo's roses co. received an invoice for replacement of the engine on its main delivery van. the replacement will extend the life of the van an additional three years. the entry to record receipt of the invoice would include which of the following entries? (check all that apply.)
The replacement will add another three years to the life of the van, according to an invoice obtained by Rojo's Roses Co. the entry to reflect the debit to equipment of the receipt.
According to the DDB technique, depreciation costs are recorded as being higher in the early years of an asset's useful life and lower in the later years. The DDB technique is therefore chosen by businesses for assets that are anticipated to lose the majority of their value soon or that will become obsolete more quickly.
Improved is the response. Improvements completes the sentence that is above. Walkways and fences are examples of land improvements, which are assets that increase the value of a piece of land, have a finite useful life, and are depreciated.
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3. What service organizations, private or public, would you like to see become more customer oriented? How could this case be used as a model for that organization?
Answer:
I would like to see healthcare service organizations (both private and public) become more customer oriented. One way to use this case as a model for such organizations could be to look at how the organization addressed customer feedback and complaints, and then use that model to develop strategies for addressing customer feedback and complaints in healthcare service organizations. This could include developing customer feedback systems, as well as creating effective customer service policies and procedures.
Explanation:
which of the following would be a ramification of a license holder failing to inform the buyer, in writing and before closing, that they should have an attorney review the abstract or obtain a title insurance policy? automatic revocation of license with the potential of criminal charges loss of the right to receive payment or recover commission nothing since these matters are between the buyer and the title company a reduction by half in commission owed submit answer
If the licensee does not inform the buyer in writing and before the contract is entered into that they should have an attorney review the abstract or obtain title insurance, the most likely consequence is that the commission owed is halved.
This is because failure to provide this information is a breach of real estate laws and the licensee could be held liable for any damages or losses caused by the omission. In some cases, the licensee could face disciplinary action by the state licensing board, which could include suspension or even revocation of the license. In extreme cases, the license holder could also face criminal prosecution for failure to provide the required information.
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use the midpoint method to find the value of the elasticity of demand as the price of a steak dinner rises from $2 to $40.
The midpoint method is used to calculate the elasticity of demand when the price of a good changes.Elasticity of demand is -0.04 or -4%.
To find the elasticity of demand, we'll use the following steps:
1)Calculate the percentage change in quantity demanded: (25 - 100) / 100 = -75%
2)Calculate the percentage change in price: (40 - 2) / 2 = 1800%
3)Calculate the midpoint price: (40 + 2) / 2 = 21
4)Calculate the midpoint quantity: (25 + 100) / 2 = 62.5
5)Plug in the values into the formula: Elasticity of demand = (-75%) / (1800%) * (21 / 62.5) = -0.04 or -4%
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for each of the following situations, (1) indicate whether you agree or disagree with the financial reporting practice employed and (2) state the accounting concept that is applied (if you agree), or violated (if you disagree). winderl corporation did not disclose that it was the defendant in a material lawsuit because the trial was still in progress. alliant semiconductor corporation files quarterly and annual financial statements with the sec. reliant pharmaceutical paid rent on its office building for the next two years and charged the entire expenditure to rent expense. rockville engineering records revenue only after products have been shipped, even though customers pay rockville 50% of the sales price in advance.
for each of the following situations the correct answer is given question is Disagree Expense recognition.
Expense Recognition: What Is It?The process of transforming an asset into an expense is known as expense recognition. When an asset's utility has been used up, this is done. When purchases are made for assets that are not immediately utilised, expense recognition may occur on a delayed basis.
A company spends $100,000 on goods that it then sells for $150,000 the following month. The $100,000 cost should not be recognised as an expense under the expense recognition principle until the subsequent month, when the associated revenue is likewise realised.
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What is the primary difference between managerial and financial accounting?A.Managerial accounting provides financial data for internal use within the organization, whereas financial accounting provides data to external users.B.Financial accounting data is based on the business transactions of the business. Managerial accounting is based solely on estimated activity.C. There is no significant difference between financial and managerial accounting.D.Managerial accounting data is provided to stockholders and lenders to support decisions about lending and investing in the business.
Option A is correct. Business accounting focuses on the internal financial processes of an organization whereas financial accounting focuses on the external financial processes of an organization.
Financial accounting and internal accounting are two of the four largest areas of accounting (for example, tax accounting and auditing are others). Although there are many similarities in approach and usage, there are significant differences between financial and management accounting. These differences mainly focus on compliance, accounting standards and audience.
Management accounting is the method of identifying, measuring, analyzing, interpreting and communicating financial information to managers in pursuit of organizational goals. Financial accounting involves recording, summarizing, and reporting to the public or regulators the flow of transactions and economic activity resulting from business operations over a period of time.
Internal accounting differs from financial accounting because the intended purpose of internal accounting is to help users within an organization make informed business decisions.
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Which of the following is true?
a. Companies in the merchandising sector of the economy typically do not hold inventories of tangible products.
b. Companies in the service sector of the economy typically have one type of inventory which is comprised of products in their original purchased form.
c. Companies in the manufacturing sector of the economy typically have direct materials inventory, work-in-process inventory, and finished goods inventory.
d. Companies in the manufacturing sector of the economy typically hold one type of inventory.
The correct answer is Option C. Companies in the economy's manufacturing sector typically have direct materials inventory, work-in-process inventory, and finished goods inventory.
Inventory refers to all the particulars, goods, wares, and accouterments a business holds for dealing in the request to earn a profit. For example, If a review seller uses a vehicle to the manufacturing sector to the guests, only the review will be considered a force. The vehicle will be treated as an asset.
EOQ model: A force-control fashion that minimizes the aggregate of ordering and holding costs. Demand for an item is known, nicely constant, and independent of opinions for other particulars.
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