The starting point in preparing a master budget is the preparation of the sales budget.
What is budget?A budget is an estimate of income and expenses for future periods, as opposed to an account that records financial transactions. A budget is a spending plan based on your income and expenses. In other words, it is an estimate of how much money you can make over a period of time. Earn and spend for a month or a year.A budget is a formal statement of estimated income and expenses based on future plans and goals. In other words, a budget is a document prepared by management to estimate income and expenses for the next period based on business objectives. A government's budget is a summary or plan of the expected resources and expenditures of that government.There are three types of government budgets: Operating or current budget, capital or investment budget, and cash or cash flow budget.to learn more about budget from the given link :
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other things the same, if a country has a trade deficit and saving rises, group of answer choices net capital outflow rises, so the trade deficit increases. net capital outflow falls, so the trade deficit increases. net capital outflow rises, so the trade deficit decreases. net capital outflow falls, so the trade deficit decreases. next
Out of the choices provided above, it can be said that other things the same, if a country has a trade deficit and saving rises, the net capital outflow falls, so the trade deficit decreases. Therefore, the option D holds true.
The trade deficit can be referred to or considered as the condition wherein there is an excess of expenses against the revenues generated during a given period of time. When the savings increase, the demand for imported goods decreases, thereby leading to a fall in the capital outflow and decrease in the trade deficit.
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Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has been selected as the base year. In 2002, the basket's cost was $50; in 2004, the basket's cost was $52; and in 2006, the basket's cost was $54.60. The value of the CPI in 2004 was
a. 104.0.
b. 152.0.
c. 102.0.
d. 96.2.
Consumer price index can be calculated by dividing the prices in the current year by the base year.
Taking base year as 2002, the CPI for 2004 is 104.
The correct answer is option a. 104.0
Every month in the US, the Consumer Price Index (CPI) tracks changes in consumer prices. The Bureau of Labor Statistics (BLS) calculates the cost-of-living index (CPI) as a weighted average of prices for a sample of goods and services that is representative of overall consumer spending in the United States. One of the most popular indices of inflation and deflation is the CPI.
The CPI of the good is calculated by using the formula:
[tex]CPI = \frac{C_{t} }{C_{0} } *100[/tex]
Here [tex]C_{t}[/tex] is the cost of basket in the current period and,
[tex]C_{0}[/tex] is the cost of basket in the base period.
[tex]CPI=\frac{52}{50} * 100\\CPI=104[/tex]
Hence, CPI in 2004 is 104.0
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check all that apply: according to the dietary guidelines, a healthy eating pattern includes promoting the consumption of
According to the dietary guidelines, a healthy eating pattern includes promoting the consumption of:
-Vegetables
- Fruits
- Healthful oils
- Whole-grains
- Lean protein sources
What is dietary guidelines?Food-based dietary guidelines can be described as the intended to establish a basis for public food and nutrition, health and agricultural policies as well as the nutrition education programmes to foster healthy eating habits and lifestyles.
It should noted that Following a healthy eating pattern across the life span as well as the Focus on variety, nutrient density, and amount as well Limit calories from added sugars and saturated fats, and reduce sodium intake and Shift to healthier food and beverage choices will help to follow the guidelines.
It should be notede that the Dietary Guidelines for Americans can be bseen as an advice on what to eat and drink to build a healthy diet can be described as to promote healthy growth and development, help prevent diet-related chronic disease, and meet nutrient needs.
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missing options:
Vegetables
- Fruits
- Healthful oils
- Whole-grains
-fat and junks
- Lean protein sources
1. List the five principles of the Lean Startup (method). Define/explain, in your own words, three (of the five) key principles of the Lean method.
2. What is a minimum viable product (MVP), and provide an example.
3. What is a pivot, and provide an example of such from a publicly-traded company, within the past year.
4. Which type of risk is most common in startups: Product Risk, Customer Risk, or Business Model Risk? Pick one and, in a few sentences, explain why.
5. On the second day of class, we briefly reviewed the Customer Development Model (CDM), by Steve Blank (Hint: Slide deck is still on canvas).
6. In a sentence or two, please explain how the CDM fits into the Lean Startup Method. What (definition) is a Startup, and Why (purpose) do they exist? I am looking for responses based on reading the Lean Startup, looking at the Customer Development Model, doing a Business Model Canvas, and listening to guest lectures on product/market fit.
The five principles of the Lean Startup (method) are:
Entrepreneurs are everywhere.Entrepreneurship is management.Validated learning.Innovation Accounting.Build-Measure-Learn.What are the factors about?1. There are businesspeople everywhere- Startups and entrepreneurs come in a variety of forms. There are numerous options for entrepreneurs to create a prosperous firm.
2. Management is entrepreneurship- Just like any other business, startups require management. But there is a particular kind of lean startup. A successful lean startup has management that is adaptable and learning-focused.
3. Verified education -Customers are the main focus of lean startups' products. By figuring out exactly what the target market wants, they can adjust to its needs. They experiment to see what is most effective.
4. Innovation Accounting- Lean startups meticulously document their testing and analyses to determine what is most effective. Instead of focusing on the volume of new work produced, they measure progress based on how much was learnt about the innovation.
5. Build-Measure-Learn- The Minimum Viable Product (MVP), developed by lean startups, is the simplest product that does what it should (MVP). This is put through a thorough review process that includes tests and user feedback to gather information on how well-suited users react to the product. If it succeeds, they use an iterative approach to improve it based on the feedback.
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The Rational Rule for Sellers is that sellers should choose the quantity _____ and choose the price _____.
1where marginal revenue equals marginal cost; with maximum marginal revenue
2that is associated with a minimum average total cost; with maximum marginal revenue
3that is associated with a minimum average total cost; that is on the seller's demand curve for the quantity
4where marginal revenue equals marginal cost; that is on the seller's demand curve for that quantity
On the seller's demand curve, marginal cost equals marginal revenue at that production level. A supply curve is a graphical representation of a supply schedule.
The connection between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity requested are often represented with the price on the left vertical axis and the horizontal axis, respectively. The law of demand states that when the price of a particular good rises, the quantity required falls, all other things being equal. This is shown by the demand curve moving downward from the left to the right. The price is implied to be the independent variable in this formulation, and the quantity to be the dependent variable. Economics is an exception to the general norm that the independent variable appears on the horizontal or x-axis.
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FILL IN THE BLANK. making use of the research and development conducted by the market innovator and then developing a competing product at a lower price is referred to as the___strategy.
A pricing strategy in which a business offers its products at a relatively low price in order to increase demand and expand its market share.
What are the four ways to compete?An illustration of each of the four types of competitive strategy is provided below:
Strategy for cost leadershipSeparation authority technique.Focus on costs strategy...Separation center methodology.What are the three competing tactics?Organizations have three basic strategic options for gaining a competitive advantage, according to Porter's Generic Strategies model. They are: Focus, differentiation, and cost leadership.
What is an illustration of a focused strategy with low costs?In the wide minimal expense system, the firm is centered around giving an expense based advantage over an expansive market bunch. Wal-Mart would be an illustration. In this instance, Wal-Mart has a low-cost model that competitors struggle to match. Because they appeal to a large number of customers, they are, in a sense.
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joan quit her job as a home health aide earning $50,000 per year to start her own business. to save money she operates her business out of a small building she owns which, until she started her own business, she had rented out for $10,000 per year. she also invested her $20,000 savings (which earned a market interest rate of 5% per year) in her business. you are given the following information about the first year of her operations. total revenue $120,000.00 cost of labor $40,000.00 cost of materials $20,000.00 equipment rental $5,000.00 calculate her explicit (accounting) costs. $
Total explicit costs is $76,000 according to the given data.
Explicit (accounting) costs:
Rent: $10,000
Interest on savings: $1,000 (5% of $20,000 savings)
Labour: $40,000
Materials: $20,000
Equipment rental: $5,000
Total explicit costs: $76,000
Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. They have specific monetary values that are carried over to the income statement. Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs.
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savings and loan associations, mutual savings banks, and credit unions are known collectively and specifically as .
Savings and loan associations, mutual savings banks, and credit unions are known collectively and specifically as: Thrift institutions.
What is Thrift institutions?Thrift institutions can be defined as a financial institution which rendered banking services by accepting deposit, giving out loans, mortgages among others.
This type of financial institution enables their client to save their money and to as well borrow money in which the borrower is expected to pay back the financial institution within a stipulated period of time.
Therefore savings and loan associations are known as thrift institution.
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Use the following information and the multi-period dividend discount model to find the value of Computech's common stock.
Last year's dividend was $1.62.
The dividend is expected to grow at 12% for three years.
The growth rate of dividends after three years is expected to stabilize at 4%.
The required return for Computech's common stock is 15%.
Which of the following statements about Computech's stock is least accurate?
A) At the end of two years, Computech's stock will sell for $20.64.
B) Computech's stock is currently worth $17.46.
C) The dividend at the end of year three is expected to be $2.27.
The false statement is Computech's stock is currently worth $17.46. (option B)
What is the false statement?The two-stage dividend model would be used to determine the value of the stock.
In the two-stage dividend growth model, the first stage is characterised by high growth rate. In the second stage, the high growth rate falls to a steady or normal growth rate.
dividend in Y1 = 1.62 x 1.12 = 1.81
dividend in Y2 = 1.81 x 1,12 = 2.03
dividend in Y3 = 2.03 x 1.12 = 2.27
Value of the dividend after year 3 = (2.27 x 1.04) / (0.15 - 0.04) = $21.46
Find the present value of these cash flows
1.81 / 1.15 + 2.03 / 1.15² + 2.28 / 1.15³ + 21.46 / 1.15³ = $18.71
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kainen company reported the following information at the end of the year: common stock ($1 par value; 570,000 shares outstanding) $ 570,000 preferred stock, 6% ($10 par value; 28,000 shares outstanding) 280,000 retained earnings 935,000 the board of directors is considering the distribution of a cash dividend to the two groups of stockholders. no dividends were declared during the previous two years. assume the three cases below are independent of each other.
Kainen company needs to budget $570,000 for the common stock of the new building and $28,000 for the cost of the land, as the board of directors is considering the distribution of a cash dividend.
Given,
Common stock = $570,000
Preferred stock = 6%
Retained earnings = $935,000
An investment is said to represent ownership in a portion of the issuing corporation and so it is referred to as a common stock, which is also known as equity. Shares are commonly referred to as units of stock.
So, here in order to cover the cost of the new structure and also its property, the Kainen company must set aside $570,000 and $28,000, respectively. Thus, cash dividend is considered.
Hence, people tend to own shares of common stock.
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in text mining, if an association between two concepts has 7% support, it means that 7% of the documents had both concepts represented in the same document. t/f
In text mining, if an association between two concepts has 7% support, it means that 7% of the documents had both concepts represented in the same document. This statement is true.
The process of converting unstructured text into a structured format with the purpose of identifying significant patterns and fresh insights is known as text mining, also known as text data mining.
Companies are able to investigate and find hidden links within their unstructured data by utilizing advanced analytical approaches like Naive Bayes, Support Vector Machines (SVM), and other deep learning algorithms.
Text mining is a method that consists of various steps that let you infer information from unstructured text data. The process of cleaning and converting text data into a usable format is called text preprocessing, and it must be done before you can use any of the various text mining techniques.
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I would like to know how to solve this problem using Excel.
i think the best way is watching Videos about it
2. Hanna and Metta are identical twins who attended elementary school through high school together. Hanna got a job after high school, and Metta got a job after graduating from college. Hanna earns $36,000 a year, and Metta earns $69,000 a year. Select the best explanation for this wage difference. A Hanna has less human capital than Metta. Metta has less human capital than Hanna B C. Hanna has received a compensating differential D Hanna is a member of a union I
The reason for the wage difference is Hanna has less human capital than Metta. (option A).
What is the reason for wage difference?Wage is the total amount of money that is paid to labor for the services rendered in the production process.
The wage paid to labor differs for different reasons. One of the reasons for a difference in wage is human capital. The more educated or more trained a person is, the higher the human capital is. The higher the human capital, the higher the wage that is paid.
Another reason for wage differences is union. The presence of a union in the labor market increases the bargaining ability of labor. Thus, if a worker belongs to a union, it is expected that her wages would be higher when compared with the wage of a person that does not belong to a union.
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Which of the following is a true statement about the number of declared undergraduate computer science majors at doctoral-granting computer science departments? a. There was an increase in enrollment in spite of the forecast for a decreased number of workers in this field. b. There was a 50% decline in degrees awarded between 2004 and 2009. c. There has been a steady decline in enrollment for the past twelve years. d. The level of enrollment has remained about the same for the past ten years.
The true statement about the number of declared undergraduate computer science majors at doctoral-granting computer science departments is that there was a 50% decline in degrees awarded between 2004 and 2009. So option b. is the correct option.
Computer science has a connection to most areas of computer and information technology. The discipline now applies to most fields, including healthcare, business, sociology, and mathematics. Computer science is the study of computing systems to understand and use technology in various industries. Computer science professionals seek solutions to problems, create improvements to processes, and make forecasts for future developments. Students who complete master's degrees in computer science can pursue roles as computer and information research scientists.
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the total physical damage due to the september 11th attacks was about $16 billion. the economic damage is estimated to be $30 billion. we can thus estimate that the wealth of the u.s. dropped in the matter of a few hours by about $46 billion, causing group of answer choices deflation and the unemployment rate to fall deflation and the unemployment rate to rise inflation and the unemployment rate to rise inflation and the unemployment rate to fall
According to estimates, the September 11th attacks cost $30 billion in economic loss, which included a $46 billion decline in US economic worth.
The US economy saw a deflationary effect as a result, which decreased the unemployment rate. This is due to the fact that when the US economy has a significant decline in wealth, businesses often cut expenses by reducing the number of employees, which lowers the unemployment rate.
When prices usually fall, an economy experiences deflation, commonly referred to as negative inflation. This might be because there are more goods available than there is demand for, but it might also be because the value of money has increased.
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prepare the (1) may 2 entry to establish the fund, (2) may 30 entry to reimburse the fund [hint: credit cash over and short for $5 and credit cash for $1,138], and (3) june 1 entry to increase the fund to $2,280.
(1) This entry is to establish the fund with a cash balance of $1,133. The cash balance is offset by an over and short of $5. This entry debits cash for the total amount of $1,138 and credits the fund balance for the net amount of $1,133.
May 2 Entry to Establish the Fund
Cash over and short 5
Cash 1,138
Fund Balance 1,133
(2) This entry is to reimburse the fund. It credits cash for the amount of $1,138 and debits the fund balance for the same amount. The over and short of $5 is also reversed. This entry returns the fund balance to its original amount of $1,133.
May 30 Entry to Reimburse the Fund
Cash over and short -5
Cash 1,138
Fund Balance 1,133
(3) This entry is to increase the fund balance to $2,280. It debits cash for the amount of $1,147 and credits the fund balance for the same amount. This entry increases the fund balance from the prior balance of $1,133 to the new balance of $2,280.
June 1 Entry to Increase the Fund to $2,280
Cash 1,147
Fund Balance 2,280
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you are given: a european put option on a stock is priced with a two-period binomial tree. the risk-neutral probability of an down-move in the stock price remains constant throughout the tree. the put option tree is as follows:
Therefore, the Value of two-month European name alternative with a stock price or strike rate of $49 is $2.23.
How do you rate a put alternative in a binomial model?Calculating Price with the Binomial Model
The fundamental approach of calculating the binomial choice mannequin is to use the same chance each duration for success and failure until the alternative expires. However, a dealer can comprise one of a kind probabilities for each duration primarily based on new statistics received as time passes.
What is the danger impartial assumption in the binomial model?Under the threat neutrality assumption, ultra-modern fair rate of a spinoff is equal to the expected value of its future payoff discounted by means of the chance free rate.
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https://brainly.com/question/17135327#SPJ4using the model of supply and demand, consider the market for navel oranges. illustrate the impacts on the market for navel oranges if (i) the price of cuties (a type of mandarin oranges) falls while (ii) changes to the clean water act mean that citrus farmers have to adopt new expensive farming practices to avoid nutrient runoff harming the environment. explain the changes to the navel orange market, drawing conclusions about expected changes to the market price and quantity for navel oranges
The demand for navel oranges increases when the price of its substitute, cuties, increases.
1. Price of substitute increase
The demand curve shifts rightwards. The equilibrium price increases from P1 to P2 and the equilibrium quantity increases from Q1 to Q2.
2. Decrease in supply
When the farmers are forced to adopt expensive farming practices, supply of navel oranges decreases.
In economics, demand is the quantity of a very good that customers are willing and able to purchase at various costs all through a given time. the connection among fee and quantity demand is also referred to as the demand curve.
demand is the purchaser's preference to buy a selected proper or service. market call for is the call for for a particular precise inside the market. mixture call for is the overall demand for items and services in the financial system. demand and supply match determines the charge of the best or carrier. information the concept of call for.
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In the execution phase of a project's life cycle, activities are guided by decisions that were made in the __________ phase.
A. initiating
B. planning
C. monitoring/controlling
D. closing
E. assessment
In the execution phase of a project's life cycle, activities are guided by decisions that were made in the option B. planning phase
How crucial is the planning process, and what does it entail?In order to ensure project success, all project procedures and activities must be planned during the planning phase. The PMP is a comprehensive collection of plans that will be used to manage the project from this phase through project completion.
Therefore, in this stage, you have to decide the steps to really accomplish the project goals during the planning phase—the "how" of project completion. You'll set up spending limits, deadlines, and checkpoints, as well as the sources and required paperwork.
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denver, incorporated, has sales of $19.1 million, total assets of $14.1 million, and total debt of $4.9 million. the profit margin is 9 percent.
The answer to the question is that Denver's net income is $1719,000 as according to given data.
What exactly do you mean by profit?Your profit is the sum of money after all business expenses have been covered. The three main categories of profit are operational profit, net profit, and gross profit. Gross profit is the highest profit. The balance after payment for the items and services that were sold is shown. Profit is calculated as revenue minus costs. From the gross profit, some expenses are subtracted. To arriving at net profit, you deduct all expenses.
Briefing -
We have to find net income-
Profit margin = Net income / Sales
Net income = Profit margin(Sales)
Net income = .09($191x00,000)
Net income = $1719000
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The price of Matador is $7.11. Jenna wants to short 1,054 shares of MTDR. The maintenance margin is 25%, the initial margin is 51%. The yearly securities lending fee (APR) is 10.56%. If the price of MTDR is $7.43 one year after she shorted the shares, what is the value of equity in the position?
According to the question the value of equity in the position is equals to $3,296.67
Why is equity essential? What is it?Equitable treatment, opportunity, and advancement are guaranteed by equity. The goal of equity is to identify and eliminate obstacles that hinder some groups from participating fully. Barriers might take a variety of shapes, but this research provides a clear illustration.
Briefing:
1 Initial Equity share x price x margin% = 1054 x 7.24 x 51% = 3891.79
2 Borrowing = Share x price - Equity = 1054 x 7.24-3891.79 = 3739.17
3 Interest = Borrowing x APR = 3739.17 x 10.56% = 394.86
4 Value of Equity = Initial Equity - increase in price x shares - interest
= 3891.79 (7.43-7.24) x 1054 - 394.86
= $3,296.67
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for an employee to be eligible to participate in an employer's group health insurance plan, he/she must be considered full-time and work a minimum of hours as established by the affordable care act. a 35
For the purposes of the employer shared responsibility requirements, a full-time employee is one who works 130 hours or more per month, or at least 30 hours per week, on average.
According to the monthly assessment approach, the employer assesses each month if an employee has at least 130 hours of service in order to determine whether they are a full-time worker.
According to the look-back measurement approach, an employer may decide whether a worker qualifies as a full-time employee during the stability period based on the worker's service hours in the previous period, also known as the measurement period. For the purposes of determining ALE status, the look-back measurement method may not be utilized to assess whether a person is a full-time employee.
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Fill in the blank: ____are items you need to help get the project done. they are considered project resources. A) Status updates B) materials C) reports D) meetings
Materials are things you'll need to finish the job. They are regarded as resources for the project. The right response in this case is option B.
Project resources are crucial components for the successful completion of a project. They contain everything you would need from the project planning through the project delivery phases, including people, tools, cash, time, and knowledge.
The personnel, money, and/or materials needed for a project's effective execution and completion are referred to as project resources.
Projects are kept on schedule and under budget by making the most use of available resources. It decreases oversights and multiple bookings by assisting project managers in keeping an eye on the project. It is easier to see changes and glitches, which helps to stop issues from growing worse.
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True or False: Competitive research for owned, paid, and earned media uses different metrics and dimensions than non-competitive owned, paid, and earned media analytics.
It is false to claim that competitive research for owned, paid and purchased media uses different metrics and dimensions than analysis of non-competitive, paid and purchased media.
What is competitive research for the average?Corresponds to analysis of the competitor market, this is conducting research to assess the strengths and weaknesses of the company and threats and opportunities of competing companies.
Therefore, competitive media research uses similar metrics and dimensions as non-competitive media analysis, that is, metrics that help you understand the company and the market more comprehensively and effectively.
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Sears offers discount coupons and lowers prices on 1,000 items in the store in order to generate sales. This is most likely to occur during an economic recession. True or False
True or False "Sears offers discount coupons and lowers prices on 1,000 items in the store in order to generate sales. This is most likely to occur during an economic recession." The statement is true.
What is economic recession?A recession can be defined as a prolonged period of low or negative real GDP (manufacturing) growth accompanied by a significant rise in unemployment. Many other economic indicators also weaken during recessions. A recession is a significant and widespread reduction in economic activity. A common definition is that his two consecutive quarters of contraction in Gross Domestic Product (GDP) constitute a recession. A recession generally results in lower economic output, lower consumer demand, and higher unemployment.
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ethan djuna is a territorial salesperson for lennox heating and air conditioning systems. every six months djuna's sales manager gives him feedback by showing djuna a comparison between his actual sales figures and his sales objectives. this feedback is called a appraisal. controlled compensation projected prospective performance
The feedback is called a performance appraisal.
An employee's job performance is analyzed and evaluated by their manager or supervisor during a performance appraisal. Normally, annual or semi-annual performance reviews are undertaken on a regular basis. Although they can take many different forms, they usually involve a review of the tasks, goals, and responsibilities of each employee as well as an evaluation of how well they are performing in relation to those goals.
The feedback that Ethan Djuna's sales manager is giving him by showing a comparison between his actual sales figures and his sales objectives is called a performance appraisal. Because they give employees the chance to get feedback on their performance and give employers the chance to pinpoint areas for improvement and encourage employee growth, performance evaluations may be helpful for both people and businesses.
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The internal research department of Libra Inc. has found that the packaging of health supplements produced by the company is faulty and resulting in poor quality. Despite this knowledge, the company has not improved the packaging and instead has advertised to its customers that this packaging is foolproof. Which of the following concepts is illustrated in this scenario?
a. Information manipulation
b. Information symmetry
c. Agency strategy
d. Anticompetitive behavior
e. On-the-job consumption
Option a. Information manipulation is the correct concepts is illustrated in this scenario.
Information manipulation: What does that mean?In order to influence public opinion or reduce confidence in the veracity of information, information manipulation is practiced. The use of new and old media to accentuate disparities and spark unrest at home is part of this, and it is occasionally coordinated with illegal online activity.
What do manipulation techniques entail?In order to evade accountability, hide their genuine motives, or to raise uncertainty and confusion, a person may manipulate others by engaging in destructive and controlling actions. The psychological health of an individual can be severely harmed by manipulation techniques such gaslighting, lying, accusing, condemning, and humiliating.
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which of the following is not a key activity in the nist it risk management security control assessment process?
The National Institute for Standards and Technology (NIST) has produced numerous special publications (SP), and the NIST management framework represents the conclusion of those SPs (NIST).
Any business can utilize the NIST Risk Management Framework (RMF), a seven-step process, to manage the risk of information security and privacy for systems and organizations. It can be altered, repeated, and quantified. It is based on NIST standards and guidelines to make risk Identify, Protect, Detect, Respond, and Recover adoption possible. It is helpful to describe the framework's core as a collection of cybersecurity projects with a particular objective.To know more about Risk here
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Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition that Edington faces, management budgets sales semi-annually. Its projections for the first 2 quarters of 2014 are as follows:
Unit Sales
Product Quarter 1 Quarter 2
XQ-103 20,000 22,000
XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Required:
Prepare a sales budget for the 2 quarters ending June 30, 2022.
Product Units Selling Price Total Sales
XQ-103:
Quarter 1 Quarter 2 6 Months XQ-104:
Quarter 1 Quarter 2 6 Months Total List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
The Sales budget for the 2 quarters ending June 30, 2022
Product Units Selling Price Total Sales
XQ-103:
Quarter 1 20,000 $15 $300,000
Quarter 2 22,000 $15 $330,000
6 Months 42,000 $15 $630,000
XQ-104:
Quarter 1 12,000 $25 $300,000
Quarter 2 15,000 $25 $375,000
6 Months 27,000 $25 $675,000
Total 69,000 $1,305,000
A sales budget is a financial plan for the estimated sales of a company for a specific period of time. It is typically used to plan for and track the progress of a business’s sales activities. The sales budget helps a company to identify potential areas of growth and areas where additional resources may be needed.
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True Or False, relationship marketing tries to rebuild damaged relationships and rejuvenate unprofitable customers.
True, relationship marketing does attempt to rebuild damaged relationships and rejuvenate unprofitable customers.
What is relationship marketing?It is all those marketing tactics or actions whose purpose is to improve communication and relationship with customers in order to guide them during their buying process, this type of strategy also serves to start having an affective relationship with new customers.
Relationship marketing is fundamental because it serves to foster loyalty between employee and buyer during the life cycle. It is profitable for all companies to make use of Relationship Marketing in order to achieve an efficient treatment of people.
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