All of the options given in the question, except for research, would be considered as controllable elements of marketing . The correct option is a, b, c
The controllable elements of marketing are the variables that can be influenced and controlled by the marketer in order to achieve the marketing objectives. These variables can be manipulated by the marketer to achieve their desired marketing outcomes. The controllable elements include product, price, promotion, and distribution.
Product refers to the goods or services that are offered to customers. Marketers have control over the design, features, quality, packaging, and branding of the product.
Price is the amount of money that a customer pays to purchase a product or service. Marketers can adjust the price to achieve their marketing objectives, such as increasing sales or profitability.
Promotion includes all the activities that are used to communicate the benefits of a product or service to potential customers. Marketers can control the promotion by choosing the right channels, creating effective messages, and using different marketing tools.
Distribution refers to the way in which the product or service is made available to the customers. Marketers can control the distribution by choosing the right channels and partners, managing inventory, and ensuring timely delivery.
Research, on the other hand, is not considered as a controllable element of marketing as it is used to gather information and insights about the market and customers. Marketers can use this information to make informed decisions about the controllable elements of marketing.
In conclusion, all the options given in the question except for research are considered as controllable elements of marketing decisions. These elements can be manipulated and controlled by marketers to achieve their desired marketing outcomes. Research, on the other hand, is used to gather information and insights to make informed decisions about the controllable elements of marketing.
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A private firm is about to provide a public good. The firm estimates that its planned annual expenditures will be $50,000,000$50,000,000. The total quantity demanded of the good is estimated to be 250,000250,000 units per year. Since the good is nonexcludable, the share demanded by free riders is estimated to reach 60%60% of the total quantity demanded.
To cover its costs, how much should the firm charge for each unit consumed by paying customers? Enter your answer in the box below and round to the nearest whole number if necessary.
The firm still needs to generate another $10,000,000 to cover its costs. This could potentially come from government
subsidies
or donations, as the good is nonexcludable and therefore benefits society as a whole.
If the
firm
should charge $400 per unit to the 100,000
paying
customers, that will generate $40,000,000 in revenue ($400 x 100,000 units).
Since the total quantity
demanded
is 250,000 units and 60% of that will be demanded by
free riders
, that means the firm can only expect to
sell
100,000 units to paying
customers
(40% of 250,000).
To cover its
costs
of $50,000,000, the firm needs to generate $50,000,000 in revenue.
So, if the firm charges $400 per unit to the 100,000 paying customers, that will
generate
$40,000,000 in revenue ($400 x 100,000 units).
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Conditions that the IMF and World Bank require developing nations to adhere to if and when they borrow money from these institutions are known as _______________.
Conditions that the IMF and World Bank require developing nations to adhere to if and when they borrow money from these institutions are known as "structural adjustment programs" (SAPs). These programs are designed to promote economic growth and stability in the borrowing countries by implementing policies such as fiscal discipline, privatization of state-owned enterprises, trade liberalization, and deregulation of markets.
SAPs are controversial because they often prioritize repayment of debt over social welfare programs, leading to cuts in public spending on education, healthcare, and other essential services. Critics argue that SAPs also deepen poverty and inequality, as they may lead to job losses and reduced access to basic goods and services.
However, proponents of SAPs argue that they are necessary to encourage fiscal responsibility and improve macroeconomic stability in developing countries. They argue that the policies implemented through SAPs can lead to sustainable growth and development in the long term. Ultimately, the effectiveness of SAPs remains a topic of debate in the international development community.
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Lauren's Beauty Boutique has experienced the following weekly sales:Week Sales1 4322 3963 4154 4585 460What is the forecast of sales for week 6 using the naive method?
The credulity strategy for estimating accepts that the other period's figure is rise to the genuine esteem of the current period. Subsequently, to figure deals for week 6 utilizing the credulous strategy, we essentially utilize the esteem of week 5 deals as the estimate for week 6.
Concurring with the given information, the deals for week 5 were 460. Subsequently, the figure of deals for week 6 utilizing the gullible strategy is 460. The credulous strategy of estimating could be a straightforward approach that expects the other period's estimate will rise to the genuine esteem of the current period.
It's important to note that the gullible strategy can be valuable in circumstances where the fundamental information is steady and has no recognizable design, but it isn't appropriate for estimating time arrangement information that has regularity, patterns, or other designs.
In such cases, more modern strategies like moving midpoints, exponential smoothing, or ARIMA models may be more suitable.
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True or False: Recruiting is important in fulfilling the company's equal employment opportunity commitments.
The statement “recruiting is important in fulfilling the company's equal employment opportunity commitments” is true because the company has the opportunity to attract a diverse pool of candidates and ensure that the selection process is fair and impartial.
Companies have a legal and moral obligation to provide equal employment opportunities to all applicants, regardless of their race, gender, age, or other protected characteristics.
The recruiting process, therefore, should be designed to eliminate any biases and barriers that might prevent qualified individuals from applying for the job. By actively seeking out diverse candidates and providing equal access to job opportunities, companies can create a more inclusive workplace that reflects the communities they serve, the statement is true.
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outback corp. recorded sales of $1,300,000 during the current period, in addition the company's accounts receivable balance grew from $120,000 at the beginning of the period to $165,000 at the end of the period. how much cash did outback collect from customers during the period? a. $1,255,000 b. $1,345,000 c. $1,300,000 d. $1,135,000
The outback collect from customers during the period is $1,255,000. Therefore the correct option is option D.
We must first identify the change in accounts receivable balance in order to calculate the cash collected from consumers throughout the period.
Accounts receivable change = ending receivable balance - beginning receivable balance
Accounts receivable change = $165,000 - $120,000
Accounts receivable change = $45,000
The change in accounts receivable balance shows the increase in credit sales that have not yet been collected in cash during the period. To determine the cash obtained from customers, we must remove this difference from the total sales for the time.
Cash collected from clients = Total sales - Accounts receivable change
Customer cash obtained = $1,300,000 - $45,000
$1,255,000 in cash collected from customers
As a result, the correct option is option D.
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If a Method A has a MAD of 1.4 and a tracking signal of -5 what can be interpreted by this information?-The forecast method is working fine. -The tracking signal should be negative. -Cannot be determined. -The tracking signal should be positive. -The forecast method should be reviewed.
The forecast method is working fine can be interpreted by this information. The answer is OPTION A
To interpret anything is to convey knowledge to another person. To interpret anything is to comprehend its intended meaning. To interpret anything is to ponder something you have read. The third stage of perception is called interpretation, and it involves giving meaning to our experiences through the use of mental models called schemata.
Schemata function as databases of linked information that we store and utilize to comprehend novel events. You determine that this is the importance or meaning of something if you interpret it in a certain way. They had made the decision to come, and that was seen as a good omen. The judge correctly notes that he must apply the law's current interpretation.
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ECN420 International Economics Mid Term Exam Total Marks 20 Qla. Consumer durables, like audio equipment and computers, were developed in the United States and now they are being produced and assembled for export by countries like China, South Korea and Mexico. What's going on here?
The situation you described is a result of the process of globalization and the international division of labor. In the context of international economics, companies in developed countries like the United States have shifted the production and assembly of consumer durables to countries with lower labor costs, such as China, South Korea, and Mexico. This shift allows these companies to reduce production costs and increase their competitiveness in the global market.
In addition, this phenomenon can also be explained by the theory of comparative advantage, which states that countries should specialize in producing goods for which they have a lower opportunity cost. In this case, the United States has a comparative advantage in research and development, while countries like China, South Korea, and Mexico have a comparative advantage in manufacturing and assembly.
To summarize, the production and assembly of consumer durables, like audio equipment and computers, have shifted from the United States to countries like China, South Korea, and Mexico due to globalization, the international division of labor, and comparative advantage. This allows companies to reduce production costs and remain competitive in the global market.
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organizations within the same industry usually have the same mission. group of answer choices true false
The given statement "organizations within the same industry usually have the same mission" is false because while organizations within the same industry may have similar goals or objectives, they may have different missions.
A mission statement is a statement of an organization's purpose, its primary objectives, and its approach to achieving those objectives. It is a fundamental statement that guides the actions of an organization and defines its reason for existence.
Therefore, even if organizations operate within the same industry, they may have different missions that align with their unique values, goals, and strategies. For example, two healthcare organizations may operate in the same industry but have different missions.
One may focus on providing affordable healthcare to underserved communities, while the other may focus on providing high-quality healthcare to wealthy clients. Hence, while organizations within the same industry may have similar products, services, or customers, their missions may vary, reflecting their unique purpose and values.
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In today's culture, Muslims seem to be facing more discrimination than other religious groups. What seems to be a cause for this increase?
Their beliefs
Their manner of dress
The change in immigration patterns and the events of 9/11
Their religious practices
The increase in discrimination against Muslims in today's culture appears to be largely caused by the change in immigration patterns and the events of 9/11.
Following the terrorist attacks on September 11, 2001, many individuals in the United States began to associate Islam with terrorism, leading to negative attitudes and discriminatory behavior towards Muslims.
Additionally, the rise of anti-immigrant sentiment and policies has targeted Muslims and individuals from Muslim-majority countries, further exacerbating the discrimination they face. While some may argue that Muslim beliefs, manner of dress, or religious practices contribute to discrimination, the root cause appears to be a combination of societal perceptions and government policies.
Efforts to combat discrimination against Muslims involve education and awareness-raising campaigns, as well as policy changes aimed at promoting diversity, inclusion, and equal treatment for all individuals regardless of their religion.
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In doing business with China, U.S. businesses should understand that there is a strong influence of ______.
A. Hinduism
B. Judaism
C. Islam
D. Christianity
E. Confucianism
In doing business with China, U.S. businesses should understand that there is a strong influence of Confucianism.
The correct answer is:- E
Confucianism has been a dominant philosophy and cultural influence in China for thousands of years, emphasizing values such as respect for authority, strong work ethic, and group harmony. Understanding these values and how they impact business practices can be crucial for successful business dealings in China.
For example, Confucianism places a strong emphasis on respect for authority and seniority, which can affect business relationships and decision-making processes in China.
Confucianism also emphasizes the importance of maintaining social harmony and avoiding conflict, which can impact negotiation styles and conflict resolution approaches in Chinese business dealings.
Understanding the influence of Confucianism can be important for U.S. businesses when engaging in business with China, as it can help them navigate cultural nuances, build effective relationships, and adapt their business practices to be more aligned with Chinese cultural values.
It's important to note that while Confucianism has a significant influence on Chinese business culture, it is not the only factor, and other cultural, social, and economic factors also play a role in shaping China's business environment.
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ron oort invests in a high risk financial asset to help him achieve his goal of buying a speed boat in five years. this asset is much riskier than his retirement portfolio. this is an example of: multiple choice question.
This is an example of a non-diversified and aggressive investment strategy. Ron is taking on higher risk in hopes of achieving a specific goal within a short timeframe.
However, it is important to note that this strategy may not be suitable for everyone, especially for those with a long-term retirement portfolio. It is recommended to diversify investments across different asset classes and risk levels to minimize overall risk and maximize returns over the long run. Additionally, it is important to regularly review and adjust one's portfolio based on changing financial goals and market conditions.
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True or False: HRP activity can be assessed by whether the organization has the people it needs.
The statement “HRP activity can be assessed by whether the organization has the people it needs” is false because assessing the adequacy of personnel alone does not reflect the comprehensive nature of HRP.
Human Resource Planning (HRP) is a strategic process that involves forecasting future workforce requirements, analyzing the current workforce of the organization, identifying any gaps, and developing plans to address those gaps.
HRP also includes workforce development, talent management, and succession planning, all of which are critical to the organization's long-term success. Therefore, simply assessing whether an organization has the necessary personnel does not reflect the complexity and depth of HRP, the statement is false.
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fill in the blank. "Direct labor and manufacturing overhead costs are known as ______ costs.
prime
opportunity
period
conversion"
conversion
"Direct labor and manufacturing overhead costs are known as ______ costs," the correct term to fill in the blank is "conversion" costs.
Conversion costs are those production costs that are associated with converting raw material into a finished product. It is calculated by adding direct labor and manufacturing overhead expenses.
Whereas, direct labor is the labor of the production site that produces goods such as machine operators, painters, etc. And, manufacturing overhead is the sum of all indirect costs associated with the production of goods such as rent of the production building or property, property taxes and insurance of manufacturing facility and equipment, depreciation on manufacturing building, salaries of the maintenance department, communication equipment, and computers at the manufacturing facility expenses, etc.
To arrive at the final cost of the product, manufacturing overhead is added with the direct material and direct labor.
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alicia has had an excellent driving record for three years, so she received a 30% discount on her auto insurance. which of these is exemplified by the discount?
The discount that Alicia received on her auto insurance is an example of how insurance companies use risk assessment to determine premiums.
Insurance companies collect data on their policyholders, including their driving record, age, gender, and location, to evaluate the likelihood that they will file a claim. Based on this risk assessment, the insurance company determines the premium that the policyholder will pay.
In Alicia's case, her excellent driving record over the past three years indicated to the insurance company that she is a low-risk driver, and therefore less likely to file a claim. As a result, the insurance company offered her a discount on her premium. This is an example of how the insurance industry uses risk assessment to determine premiums, and reward low-risk policyholders with discounts.
Overall, the discount that Alicia received is an example of how insurance companies incentivize policyholders to maintain good driving habits and low-risk behaviors. By offering discounts to low-risk policyholders, insurance companies are able to maintain profitability while providing affordable coverage to their customers.
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Define race and class and describe how both of these are used tostructure access to opportunity and resources.
Race refers to a social construct used to categorize people based on physical characteristics such as skin color, hair texture, and facial features.
Class, on the other hand, refers to a socio-economic category that divides people into different social and economic strata based on their income, occupation, education, and wealth.
Both race and class are used to structure access to opportunity and resources in society. Historically, people from certain racial and ethnic groups have been systematically excluded from access to resources and opportunities such as education, employment, housing, and healthcare. For instance, racial segregation in housing and education has limited access to quality education, employment, and housing for many people of color. This has resulted in disparities in income, wealth, and opportunities.
Similarly, class has been used to determine access to resources and opportunities. People from lower socio-economic classes have limited access to quality education, healthcare, and employment opportunities, which can restrict their upward mobility and perpetuate poverty. This can result in a cycle of poverty that is difficult to break.
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What is the statistic that measures the direction and strength of the linear relationship between two variables?-Coefficient of variation -r-square -Coefficient of kurtosis -Correlation coefficient -Variance
The correlation coefficient is a metric that assesses the direction and magnitude of the linear connection among two variables.
What city is coefficient in?The multiplicative numbers that are placed right in front a particular variable, such x or y, are known as coefficients. A number in a formula that is not linked to a variable is not regarded as a coefficient.
A coefficient example is what?a multiplier that is used on a variable. Example: Since "z" constitutes a variable, the term "6z" refers to the product of 6 and z.
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You are the project lead overseeing a project to create a new wireless media streaming device. The working model has been created and you are meeting with the project sponsors to ensure that it meets the requirements. Which tool or technique should be used?
One useful tool or technique to use in this situation is a requirements traceability matrix.
A traceability matrix is a document, typically in the form of a table, used in software development to compare any two base lined documents utilising a many-to-many relationship in order to determine the completeness of a relationship.
This matrix allows you to track and ensure that each requirement has been met in the working model of the wireless media streaming device. By using this tool, you can provide a clear and organized way to communicate with the project sponsors about the progress of the project and how it aligns with their desired outcomes. Additionally, it can help you identify any gaps in the project's requirements and ensure that they are addressed before the final product is delivered.
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In business communication, the main purpose of a 10-K report is to? 1. inform.2. persuade.3. build goodwill.4. build an image.5. maintain a record.
In business communication, the main purpose of this promote goodwill report's primary goal is to inform, and its secondary goal is to advance goodwill. The correct answer is 3. build goodwill.
Promoting goodwill is a strategy for fostering feelings of positivity and understanding between individuals, groups, and companies. It's frequently seen as a crucial stage in developing long-lasting connections and networks.
Several strategies can be used to promote goodwill, including as customer service, philanthropic work, community service, and marketing initiatives. The main goals of sending business messages are to inform recipients, foster goodwill, influence them to take action, and establish connections and networks.The report educates readers about the company's charity endeavours by disclosing information about its attempts to give back to the community. The report also contributes to the promotion of goodwill towards the Company and its mission by emphasising these efforts.
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in order to more easily compare results across years, what should happen when a change in accounting principles is made?
When a change in accounting principle is made, it can affect the comparability of financial information between different periods.
To address this issue, it is important to disclose the change in accounting principle in the financial statements, along with a detailed explanation of the reason for the change, the method of applying the change, and the effect of the change on the financial statements.
Restating the financial statements of prior periods to reflect the change in accounting principles can also help to improve comparability. By taking these steps, investors and other stakeholders can more easily compare financial results over time and make informed decisions based on consistent and reliable financial information.
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You are a project manager working for the healthcare system and have been tasked with overseeing the implementation of a new computer infrastructure at the local hospital. You are engaged with the Control Scope process. Which tool or technique is being used during this process?AnswersA. Resource levelingB. Milestones listC. Variance analysisD. Inspection
The tool or technique that is being used during the Control Scope process is variance analysis.
This process is a part of the Project Scope Management knowledge area, which involves defining, validating, and controlling the project scope. Control Scope is the process of monitoring the status of the project scope and managing changes to the scope baseline. The main objective of this process is to ensure that the project stays on track and meets its defined scope.
Variance analysis involves comparing the actual performance of the project to the planned performance, and identifying any deviations or variances. This helps the project manager to identify any potential issues or risks and take corrective action to address them. In the context of the healthcare system's new computer infrastructure implementation, variance analysis would involve monitoring the progress of the project against the defined scope, and identifying any deviations from the planned schedule, budget, or scope. This could include identifying any issues with hardware or software installation, data migration, or user acceptance testing.
By using variance analysis during the Control Scope process, the project manager can ensure that the project stays within the defined scope, and any changes or deviations are managed effectively. This will help to ensure that the new computer infrastructure is implemented successfully and meets the needs of the hospital and its staff.
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A linear programming problem contains a restriction that reads "the quantity of Q must be no larger than the sum of R, S, and T." Formulate this as a linear programming constraint.
To formulate this restriction as a linear programming constraint, we can use the following equation:
Q ≤ R + S + T
This constraint ensures that the quantity of Q does not exceed the sum of R, S, and T. It is important to note that linear programming problems involve optimizing a linear objective function subject to linear constraints, and this constraint satisfies the linearity requirement.
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Which president implemented the Philadelphia Plan, which required contractors to establish specific goals and timetables for correcting imbalances in employment practices?
President Nixon
President Johnson
President Kennedy
President Franklin D. Roosevelt
"President Nixon implemented the Philadelphia Plan, which required contractors to establish specific goals and timetables for correcting imbalances in employment practices."
Designed to reply to the virtual exclusion of racial minorities in the industrial & craft unions taking part in federally funded construction projects in the Philadelphia area, the Philadelphia Plan de- manded that govern-ment contractors submit minority employment goals as part of their contract-ing bids.
The plan required federal con-tractors to meet certain goals for the hiring of minor-ity employees by specific dates in order to combat institution-alized discrimination on the part of specific skill-ed building trades unions. The plan was quick-ly extend-ed to ot-her cities.
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Training should be performed in which of these situations?Lack of motivation is cited as the cause of a performance deficit.An increase in performance will justify the training expense.Training is available and inexpensive.The organization's strategic goals include enhancing quality.
While training can be valuable in a variety of situations, it is most effective when it is specifically targeted to address a performance deficit or to help employees acquire new skills and knowledge that will improve their performance on the job.
"An increase in performance will justify the training expense."
Simply citing a lack of motivation as the cause of poor performance may not necessarily warrant training, as motivation is a complex and multifaceted issue that may require different interventions depending on the specific factors involved. Likewise, the availability and cost of training should not be the sole determinants of whether or not to invest in employee development. Instead, the decision to train should be based on a careful analysis of the expected benefits and costs, including the potential impact on performance, productivity, quality, customer satisfaction, and other key organizational outcomes.
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sales revenue is forecasted to grow by 9% next year, forecasted net income is expected to be $35,000, and all current assets and current liabilities vary proportionally with sales. if $40,000 worth of net noncurrent assets are required to be purchased next year, what is the external financing needed? assume that the company does not pay dividends, and that all noncurrent liabilities and equity (except retained earnings) will be the same level as the current year.
The company will need $5,000 in external financing to achieve its growth objectives and maintain its current financial structure.
How to calculate the external financing neededSales revenue is projected to increase by 9% next year, leading to an anticipated net income of $35,000.
With current assets and current liabilities varying proportionally with sales, it is essential to consider the impact of this growth on the company's financial position.
Additionally, the company plans to purchase $40,000 worth of net noncurrent assets next year.
External financing needed can be calculated by considering the increase in assets and the increase in retained earnings (net income), while keeping noncurrent liabilities and equity constant.
Since the company does not pay dividends, all net income is retained.
To determine the external financing needed, subtract the increase in retained earnings ($35,000) from the required net noncurrent assets purchase ($40,000):
$40,000 (net noncurrent assets) - $35,000 (retained earnings) = $5,000
Hence, The answer is $5000.
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A/an ____ is a grouping of tasks, duties, and responsibilities that constitutes the total work assignment for employees.A. AssignmentB. positionC. employment specificationD. job
Option d: A/an job is a grouping/group of tasks, duties, and responsibilities that constitutes or comprises the total/complete work assignment for employees.
Job can be further described as -
- Full-time or part-time paid positions are sometimes referred to as "jobs".
- Goods that are usually sold at a set price.
- Specific tasks that people perform as a regular part of their work.
- Liability or Obligation.
When a position becomes vacant, companies try to fill it internally or externally. It starts with writing a job description outlining all of the individual jobs. The description also includes information about payment, benefits, requirements, etc. The description is included in the ad. Advertisements may be posted on internal bulletin boards or in external publications and recruitment agencies.
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Corporate greed, international pacts, and philanthropic deeds are best included within the category of
Corporate greed refers to the pursuit of profit and self-interest at the expense of ethical and social considerations, while philanthropic deeds refer to the practice of giving back to society through charitable donations and social initiatives. c) Corporate social responsibility
International pacts refer to agreements and treaties between countries that aim to promote cooperation, economic development, and social welfare. All of these concepts are related to the idea of corporate social responsibility, which is the notion that businesses have a responsibility to operate in a way that benefits society as a whole, not just their shareholders. Corporate social responsibility encompasses a range of practices, including ethical behavior, environmental sustainability, community involvement, and philanthropy.
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Complete Question
Corporate greed, international pacts, and philanthropic deeds are best included within the category of:
a) Business ethics
b) Globalization
c) Corporate social responsibility
d) Economic policy
The EEOC's definition of race and color encompasses all of the following, except:
Physical characteristics
Gender
Ancestry
Association
The EEOC's definition of race and color encompasses all of the following, except Gender.
When someone is treated unfairly due to their race or other racial-related features, this is referred to as race discrimination. When someone is treated unfairly due to their skin tone or color, this is called color discrimination. Being treated poorly because to a person's marriage to (or affiliation with) a member of a certain race or color is another kind of race or color discrimination.
When the victim and the perpetrator share the same racial or ethnic background, prejudice may have taken place. The statutes enforced by the EEOC prevent employers from treating you differently or less favorably because you, an acquaintance, a parent or caregiver, or another individual you associate with is of a specific race or color.
Therefore the correct answer is option B.
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lori wilkins maintains that the only difference between budgeting and long-range planning is time. is this true? explain why or why not.
Lori Wilkins' statement that the only difference between budgeting and long-range planning is time is not entirely true. While both budgeting and long-range planning involve forecasting financial outcomes, they serve different purposes and require different approaches.
Budgeting typically focuses on a shorter time frame, typically one year, and involves setting specific financial targets and allocating resources accordingly. The primary goal of budgeting is to ensure that an organization can meet its immediate financial obligations and achieve its short-term goals.
On the other hand, long-range planning looks further into the future, often five or more years, and considers a broader range of factors that may impact an organization's financial performance, such as changes in the market, industry trends, or technological advancements. Long-range planning aims to establish a strategic roadmap that will guide an organization towards achieving its long-term vision and objectives.
While both budgeting and long-range planning involve financial projections, they require different levels of detail, frequency, and analysis. Budgeting involves more granular details, such as line-item expenses, while long-range planning considers broader trends and factors that may affect an organization's financial position. Budgeting is typically done on an annual basis, while long-range planning may be done less frequently.
In summary, budgeting and long-range planning differ in their time frames, scope, and objectives. While they both involve forecasting financial outcomes, they require different approaches to achieve their respective goals.
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What is the tracking signal for method A? MAD is 1.4Period Actual Method A Method B1 10 10 92 8 11 103 12 12 84 11 13 125 12 14 11
In statistics and management science, a tracking signal keeps track of any predictions that have been made and compares them to the results, alerting the user when unexpected deviations from the predictions occur.
Forecasts can be made for inventories, revenue, or any other aspect of future demand for a company. The ratio of Cumulative Error divided by Mean Absolute Deviation is used to calculate Tracking Signal. The TS might also be positive or negative depending on whether the cumulative error is positive or negative.
A tracking signal is the ratio of the mean absolute deviation to the total sum of the variances between the projected forecasts and the actual values.
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in which of the following circumstances would the use of the negative form of accounts receivable confirmation most likely be justified? multiple choice a small number of accounts may be in dispute and the accounts receivable balance arises from sales to many customers with small balances. a substantial number of accounts may be in dispute and the accounts receivable balance arises from sales to many customers with small balances. a substantial number of accounts may be in dispute and the accounts receivable balance arises from sales to a few major customers. a small number of accounts may be in dispute and the accounts receivable balance arises from sales to a few major customers.
The use of the negative form of accounts receivable confirmation would most likely be justified in the circumstance where a small number of accounts may be in dispute and the accounts receivable balance arises from sales to many customers with small balances.
In this situation, the negative form of confirmation is appropriate because it is efficient for confirming a large number of accounts with small balances. The negative form requires the customer to respond only if there is an issue or disagreement with the balance stated, reducing the time and effort needed for customers with accurate balances.
Since there are only a small number of accounts in dispute, the risk of receiving incorrect confirmations is relatively low. Additionally, the substantial number of customers and small balances make it less likely that any single disputed account would have a material impact on the overall financial statements.
To recap, the negative form of accounts receivable confirmation is most likely justified when:
1. A small number of accounts are in dispute.
2. The accounts receivable balance arises from sales to many customers.
3. The customers have small balances.
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