Answer:The idle time would decrease
Explanation:Idle time refers to the time when employees are not doing any particular work but they are still paid for that time in simple terms it refers to an unproductive time of employees. This may be due to things beyond employees control like working with a slow machine may require that the people at the end product must weight for quite some time to have the product reach their side.
What Is a Bottleneck?
A bottleneck refers to congestion that result from being overloaded by so much work , when the work arrives too quickly such than that the production process can't handle it; this result to delays and higher production cost so increasing the capacity of the bottle neck will reduce the waiting time for the non bottle neck workers because this will increase the efficiency of production.
Adding capacity to the bottleneck improves the flow of work, but does not affect the idle time of non-bottleneck workers. Thus, the idle time would stay the same.
Explanation:The idle time of a non-bottleneck worker is affected by the capacity of the bottleneck process. In this case, the company is adding more capacity to the bottleneck. Therefore, there will be more work flowing through the system. However, since the worker in question is not a bottleneck worker, they were already able to handle the workload passing through their station. Improving the bottleneck does not affect the non-bottleneck worker's workload, so their idle time would stay the same. Therefore, the correct answer is 2. The idle time would stay the same.
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Many states have appointed or elected commissions that oversee the business practices of utilities and other industries that serve the public interest. For a company operating in one of these industries, dealing with this important state-level regulatory commission is an important element of the:
A. legal environment.
B. social environment.
C. monopoly environment.
D. technological environment.
E. corporate environment.
Final answer:
A company in a regulated industry, such as utilities, deals with state-level regulatory commissions as part of its legal environment, ensuring compliance with public interest regulations and monopoly management.
Explanation:
For a company operating in an industry that is regulated by state-level commissions, such as utilities, the interaction with these commissions is a key aspect of the legal environment. These regulatory commissions ensure the company abides by laws and regulations designed to protect public interests, regulate monopoly powers, and often, manage businesses that are subject to economies of scale. Dealing with these commissions, therefore, becomes vital, as it affects legal operations like requesting rate increases, justifying business practices, and ensuring compliance with regulatory standards set by the government.
What would be the journal entry for each of the listed transactions? For each transaction, how Cedar Fair’s assets, liabilities, and equity would be impacted by each individual transaction?
Answer:
Following are the transactions and their effects on Cedar's balance sheet
May 1: Sell admission tickets, $100,000, cash
Transaction:
Sell admission ticket- Debit
Cash- Credit
Impact
the sell tickets shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 3: Purchase merchandise inventory, $5,000, on account
Transaction:
Purchase Inventory- Debit
Accounts payable- Credit
Impact
both will result in increasing in current assets and current liabilities.
May 6: Rent lockers to guests, $500, cash
Transaction:
Rent lockers- Debit
Cash- Credit
Impact
the rent lockers shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 15: Pay employees, $75,000, cash
Transaction:
Pay employee- Debit
Cash- Credit
Impact
the Pay employee shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,
May 20: Borrow money from bank by signing a six-month note, $200,000
Transaction:
Cash- Debit
Note Payable- Credit
Impact
both will result in increasing in current assets and current liabilities.
Journal entries in business accounts involve a debit and a credit to different accounts, like assets, liabilities, and equity. For example, purchasing a new asset increases the assets account and depending on how it's financed, either increases liabilities or decreases equity.
Explanation:The journal entry for each transaction in Cedar Fair's accounts would depend on the nature of the specific transactions. Generally, when a company like Cedar Fair makes a transaction, it impacts their assets, liabilities, and equity. For example, if Cedar Fair were to purchase a new roller coaster, it would debit (increase) its assets account in the journal entry, because it has acquired a new asset. The credit side of this entry would depend on how the purchase was financed. If Cedar Fair borrowed money to finance the purchase, it would simultaneously credit (increase) its liabilities account, because it now owes more money. If instead, the purchase was financed through business earnings, it would credit (decrease) its equity account, because it has used up some of its earnings (retained earnings).
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How do values influence decision making and help with your financial well being?
Explanation:
Values are the most important aspect that a human being should posses to move around people, to be in good books, to identify a candidate as good or bad, etc.
Values also influence decision making. Let us see how,
People take decision sometimes instantly. This works or does not works depending on the decision made and the way the decision has been is purely driven by the values learntValues includes Personal and past experience, personality types within him/her, social and cultural valuesAny human being to take decision only based on the above said pointers.XYZ wishes to advertise a property that has been listed by John Smith, a salesperson who goes by the name of Jake. The salesperson wants his name to be included in the ads so the public can call him. What must be included in the ad?
Explanation:
If "XYZ" wants to advertise a property and also to include the name of the sales person then the company needs to be consider the following:
• The sales person is the one who directly meets people and bring business
• His name is essential because, he has pitched and it will be easier for both customer to ask query and sales person to answer and to close the deal
• Contact number is mandatory in the advertisement to get customers.
• Since the sales person has nick name, both nick name and brokerage name has to be listed.
A company recently moved to a new building. The old building is being actively marketed for sale, and the company expects to complete the sale in four months. Each of the following statements is correct regarding the old building, except:
A. It will be reclassified as an asset held for sale.
B. It will be classified as a current asset.
C. It will no longer be depreciated.
D. It will be valued at historical cost.
Answer:
D. It will be valued at historical cost.
Explanation:
Building held for sale is classified as current asset and it will not be depreciated further as it will be sold in near future. It will be recorded on the lower of cost and fair market value of the building and appears on the balance sheet in current account section. So the statements is correct regarding the old building, except D. It will be valued at historical cost.
Answer:
D) It will be valued at historical cost.
Explanation:
A company must include under property, plant and equipment (PPE) assets that they are currently using, but those put on sale must be reclassified as assets held for sale. Since the company expects to close the sale within a four month period, it can include it under current assets. Also, assets that are held for sale are no longer depreciated, since they are not being currently used and probably another asset is replacing them.
The asset must also be recorded at the lower of its book value (historical cost - depreciation) or net realizable value (fair market value - selling costs).
Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For example, BlackBerry Limited, the maker of BlackBerry mobile devices, trades on both the Toronto Stock Exchange and NASDAQ. If its price in Toronto is 59 Canadian dollars per share and anyone can exchange Canadian dollars for U.S. dollars at the rate of US$ 0.93 per C$ 1.00, what must BBRY's price be on NASDAQ?
Answer:
US$55
Explanation:
An exchange rate is the value of the currency of one country compared to the currency of another country.
In this question, the currency of the US, US dollar, is being compared to the currency of Canada, Canadian dollar. This can be mathematically stated as follows:
USD $/C$ = 0.93/1 ............................................. (1)
Equations implies that Canadian dollars can be exchnaged for U.S. dollars at the rate of US$0.93 per C$1.00.
To calculate the BlackBerry Limited's price on NASDAQ, we simply multiply the its price of C$59 on the Toronto Stock Exchange by the exchange rate of 0.93/1 as follows:
BlackBerry Limited's price on NASDAQ = 59 × (0.93/1)
= 59 × (0.93 ÷ 1)
= 59 × 0.93
= US$54.87
Therefore, BlackBerry Limited's share price on NASDAQ is approximately US$55.
I wish you the best.
Joy and Kersey want to open a magic and novelty shop as Jo-Kers, with a plan to open other shops in the future. To attain limited liability for the lowest cost and the fewest start-up formalities, their best option is to form
Answer:
Limited Liability Company
Explanation:
Limited Liability company refers to a form of business which has characteristics of both partnership and a corporation. In a limited liability company, the owner's liability is limited to the amount of capital contributed by them.
Such a set up retains the traits of a company wherein capital can be raised from public for expansion, at the same time depicts some aspects of partnership with respect to profit sharing.
In the given case, Joe and Kersey are desirous of opening a magic and novelty shop with vision to expand the number of such shops in the near future. The priority being limiting the liability and lowering cost with least required formalities for start up.
The best option would be to form a limited liability company( LLC).
Final answer:
Joy and Kersey's best option for opening their novelty shop with limited liability and minimal formalities is establishing a Limited Liability Company (LLC). An LLC offers liability protection like a corporation but with fewer administrative requirements and could be less costly.
Explanation:
Joy and Kersey want to open a magic and novelty shop as Jo-Kers and are looking for the best business structure that provides limited liability with the lowest cost and the fewest start-up formalities. Considering their needs, forming a Limited Liability Company (LLC) is likely their best option. An LLC combines the liability protection of a corporation with the tax efficiencies and operational flexibility of a partnership.
The process to establish an LLC typically includes choosing a unique business name, filing the Articles of Organization with the appropriate state agency, and paying a filing fee, which is relatively low compared to starting a corporation. Additionally, an LLC does not require a board of directors, shareholder meetings, or annual reports in most states, making it less cumbersome administratively than a corporation.
The finance function is relatively independent of most other corporate functions. Marketing decisions, for example, might affect the firm's need for funds but are not affected by conditions in financial markets or other financing issues.A.TrueB.False
Answer:
False
Explanation:
Every single area of an organization works together, even if the people are not actually in the same room or location. What the finance department does affect the whole organization, and what the rest of the organization does affects the finance department. E.g. the CFO is trying to get a new loan. He/she will be able to do it only if the whole organization works properly and is efficient, if not, no bank or investor will lend the organization money.
Kevin had $6,270 in his savings account at the beginning of this year. This amount includes both the $6,000 he originally invested at the beginning of last year plus the $270 he earned in interest last year. This year, Kevin earned a total of $282.15 in interest even though the interest rate on the account remained constant. This $282.15 is best described as:A. simple interest.
B. interest on interest.
C. discounted interest.
D. complex interest.
E. compound interest.
Answer:
C. discounted interest
Explanation:
Compound interest increases every year, unlike simple interest, which remains constant. The reason why compound interest amount increase is because the interest earned also earns interest. The term compounding refers to adding interest earned to the principal amount. This makes the interest gained in the subsequent period higher as it will be based on a larger principal amount.
Kevin earned a higher interest in the second year because his principal amount increased in the second year. The interest he earned in the second year was added to the principal amount of $6000. He must have a compound earning interest account
A matrix organization is any organization in which the project manager or project team leader actually shares responsibility for the project with a number of individual functional managers.A. TrueB. False
Answer:
True
Explanation:
Since a matrix organisation is when an individual report to more than one supervisor or leader. Therefore the relationship is referred to solid line or dotted line reporting
Lieutenant Columbo donned his raincoat and hopped into his 1959 Peugeot, hot on the trail of another condescending millionaire murder suspect. The Peugeot always drew stares, not because it was a rare automobile, but because it was an eyesore. It had one redeeming quality; every time he sat behind the wheel and turned the key in the ignition, it would start. Thus, the car scored well on the:
A) mix flexibility scale.
B) changeover flexibility scale.
C) reliability quality scale.
D) delivery reliability scale.
Answer:
C) reliability quality scale.
Explanation:
Lieutenant Colombo, the owner of the Peugeot, clearly has chosen to keep using the car, not because of how it looks, but because everytime he turned the keys, the car would start. This means that the car works as intended, which is the very definition of reliability.
In other words, the Peugeot is so reliable, that even if it looks poorly (it is described as an eyesore) it is still in use.
For consideration, Hazel orally promises to pay Jill $750 a month, on the first day of every month, for as long as Jill lives. Hazel makes the payments regularly for the first seven months and then makes no further payments. Jill claims that Hazel has breached the oral contract and sues Hazel for damages. Hazel contends that the contract is unenforceable because, under the Statute of Frauds, contracts that cannot be performed within one year must be in writing. Discuss whether Hazel will succeed in this defense.
Answer:
Hazel will have to pay Jill $750 for his remaining life because Hazel had received something which is very expensive in return in compensation of his lifetime monthly payments of $750 to Jill. So this means that the 100% contract is enforceable.
The contract formation can be proved in the court because when Hazel will say that the contract is not written so according to Statute of Fraud he is not liable to pay Jill. This means he is agreeing at the point that the contract was in place.
What environmental factors have affected the types of costs in the airline industry after 2001? what specific tactics has southwest deployed to blunt or exploit these environmental factors? how have these factors influenced southwest airline's marketing strategy?
Explanation:
In 2001 there was a major crisis in the entire air sector, motivated mainly by the terrorist attacks that occurred, the scarcity of oil and the recession.
There have been strong political, economic, environmental, technological changes, etc., which have affected most airlines, such as Southwest Airlines.
Airline companies then had to adopt some strategies to overcome the crisis, such as the adoption of stricter security control procedures, to increase the reliability of services and people, who were prevented by the terrorist attacks and stopped flying. Advances in technology have also positively impacted aviation, currently there is more control, greater inspection of tickets and luggage and greater security.
The companies also took the cost cut by offering fewer flights so that the planes were filled with enough passengers to be able to generate a profit.
Post-2001, the airline industry faced increased costs due to rising fuel prices, stricter emission regulations, and enhanced security needs. Southwest tackled these with efficient aircraft and fuel hedging, along with operational efficiency for emissions compliance. This contributed to their 'value for money' marketing strategy.
Explanation:After 2001, several environmental factors have affected the cost dynamics in the airline industry. These include increasing fuel costs, strict regulations related to environmental emissions, and heightened security regulations post-9/11. Southwest Airlines deployed several strategies to tackle these factors. They heavily invested in fuel-efficient aircraft and hedged fuel prices to reduce fuel costs. They also strived for operational efficiency to comply with emission regulations. The landscape led Southwest to a marketing strategy that emphasized value for money, projecting itself as a 'low-cost carrier' without compromising safety.
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Kate takes a part-time job and the sacrifice of study time causes her grade point average to fall from 3.5 to 2.9. Assume that the grade point average would have stayed at 3.5 if study time had not been reduced. The opportunity cost of having taken the job is the ________.a. cost of tuition b. 3.5 grade point average c. 0.6 decrease in the grade point average d. 2.9 grade point average e. money earned from the part-time job
Answer:
The correct answer is option c.
Explanation:
The opportunity cost of an economic decision can be defined as the cost of sacrificing or giving up the second-best alternative. Since the resources are scarce and have alternative uses we have to give up some uses in order to choose one.
Kate earlier had a grade point average of 3.5.
She took up a part-time job. Her grade fell to 2.9, as a result of the reduction in study time.
The opportunity cost of taking up the job will be the loss of 0.6-grade point average.
At the morning status meeting, everyone goes around the room and shares what has happened overnight with the computer system and whether or not there are any change requests in the queue. Regardless of how many issues there seem to be, Joel says, "We can solve anything." What type of leader is Joel?A. He is an initiating-structure leader.
B. He is a transactional leader.
C. He is a relationship-oriented leader.
D. He is a passive leader.
E. He is a contingent leader.
Answer: (A) He is an initiating-structure leader
Explanation:
According to the given question, the Joel is basically refers to the initiating structure leader as this type of leaders initiating various types of action and the activities and it is also known as the task specific .
The main objective of initiating the structure leader is to achieve the desirable goals and focus on accomplished the given task.
The following are the function that is typically performed by the initiating-structure leader are as follows:
Coordinating the given taskFirstly initiating the actions Setting the desirable goals MotivatingTherefore, Option (A) is correct answer.
Quick Market Inc. is a food supply company that wants to sell its products directly to consumers through mail order instead of going through supermarkets and other stores. However, supermarket chains want to make this transaction either illegal or more difficult for Quick Market. To accomplish this, they are using ________ to influence the political process.
A. ecological factors
B. lobbying forces
C. demographic research
D. interest rates
Answer:
B. lobbying forces
Explanation:
The supermarket use lobby to congresspeople to push for legislation on the subject in their behalf and against Quick Market Inc desires of eliminating the supply chain and selling directly to the final consumer.
Though legislation they will make it illegal or try to increase the burocratic cost with permits and form needed to autorize retail sale.
Menthorp Inc. wants to design a variable-pay plan that fosters teamwork and business knowledge of its employees. In order to ensure maximum motivation, Menthorp wants its variable-pay plan to show a clear performance-reward link. Which of the following plans is most suitable for Menthorp?1. Gain-sharing plan.
2. Cash profit sharing plan.
3. Stock ownership plan.
4. Stock options plan.
Answer:
cash profit sharing plan -
Explanation:
cash profit-sharing plan - it is one of the sharing plans in the profit-sharing plan. in this profit share directly to the employee through cash, stock, etc.
it is the sharing that is based on profit earned by the organization quarterly or annually. and its whole sole company how much they need to share among the employee.
What best determines whether a borrower's investment on an adjustable rate loan goes up or down?
a.a fixed interest rate
b.a bank's finances.
c.a market's condition
d.a person's finances
Answer:
c.a market's condition
Explanation:
The best option that determines the borrower investment would go down or up is market conditioned
Market condition is refer to the variation in the stock market. There are many factor that determine the condition of rate loan. it is always not one factor that decide the current situation. The market condition is always inversely proportional to rate loan. which indicates whatever be the conditioned of the market is, the loan rate would be opposite to that.
Answer:
The answer is C on edge 2020.
Explanation:
John Maynard Keynes described economics as an easy subject at which very few excel. Which of the following is not one of the reasons Keynes gave for why so few people excel at the study of economics? An economist must also be a mathematician, historian, statesman, and philosopher in some degree An economist must understand symbols and speak in words. An economist must be purposeful and disinterested in a simultaneous mood. An economist must understand environmental science, regulation, and political science Question 34 (2 points) When an economist points out that you and millions of other people are interdependent, he or she is referring to the fact that we all rely upon the government to provide us with the basic necessities of life rely upon one another for the goods and services we consume have similar tastes and abilities are concerned about one another's well-being Question 35 (2 points) a hor delete brt se C backspace 7 6 5 K G pause L
Answer:
i) . An economist must understand environmental science, regulation, and political science is not one of the reasons Keynes gave for why so few people excel at the study of economics
ii)The answer is we rely upon one another for the goods and services we consume
Explanation:
Cass & Company has the following data. How many days is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days
Answer:
42 days
Explanation:
Given that
Inventory conversion period = 50 days
Average collection period = 17 days
Payable deferral period = 25 days
Now The computation of the cash conversion cycle is shown below:
The cash conversion cycle = Inventory conversion period + Average collection period - Payable deferral period
= 50 days + 17 days - 25 days
= 42 days
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Answer:
voidable title
Explanation:
A voidable title is considered good and valid title until voided.
For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.
The difference with a void title is that a void title was never good and valid.
On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.
Schmidt Company borrows $10,000 from its bank and signs a 6-month note. Interest, which is due quarterly, is specified in the note as 6%. The Interest rate stated in the loan agreement most likely applies to?
a) a 6-month period
b) an entire year
c) a 3 month period
d) semi-monthly
Answer:
b) an entire year
Explanation:
Interest rate that is specified on the loan agreement is annual interest rate applicable to the loan on different frequency of interest payments. 6% is the entire years interest rate. Schmidt Company will pay only $150 (10000 x 6% x 3/12 ) for one quarter. Schmidt Company has only two payments of 3 months interest for this loan in six month duration of loan.
Agency problems within a corporation are _______________. a. conflicts among stockholders with differing objectives b. conflicts between stockholders and financial intermediaries c. conflicts among managers with competing interests d. conflicts between managers and stockholders
Answer:
The correct answer is option d.
Explanation:
Agency problems can be defined as the problems that arise out of the conflict of interest when a party is expected to act in the best interest of others.
It arises out of a relationship between an agent and a principal. The agent is supposed to perform a task on behalf of the principal.
For instance, managers of a corporation are agents who are supposed to work in the best interests of principal, who are stockholders. Agency problems will arise when managers will act in their own self-interest instead of the stockholders'.
Which of the following generalizations about services is INCORRECT? options: Service facilities must be designed for good customer interaction and movement through their facilities and their processes. Service facilities tend to rely more on information-based hardware and softwar0 Service facilities must be located close to suppliers and laborers. Service facilities require flexibility and adaptation to special circumstances.
Answer:
Service facilities must be located close to suppliers and laborers.
Explanation:
Services, unlike products, are intangible and are not produced or delivered the same way as products are.
While production facilities for products, should be located close to suppliers and laborers, this is not the case with service facilities.
The incorrect generalization about services is that service facilities must be located close to suppliers and laborers.
Explanation:The incorrect generalization about services is that service facilities must be located close to suppliers and laborers. While proximity to suppliers and laborers may be advantageous in some cases, it is not a requirement for all service facilities. Other factors such as customer demand, market access, and transportation infrastructure also play a significant role in determining the location of service facilities.
For example, a software development company might establish its service facility in a technology hub or a city with a large talent pool, rather than being solely guided by proximity to suppliers and laborers.
Therefore, the incorrect generalization is that service facilities must be located close to suppliers and laborers.
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Suppose an economist advises a state's governor to raise the tax on cigarettes. The governor does not implement the policy because it would not be popular with voters. Which of the following statements best describe the scenario?
a. This is an uncommon occurrence. More often than not, policymakers follow the advise of economists
b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
c. This would never happen because policymakers always follow economists' advice
d. This is a common occurrence. Policymakers typically disregard economists' advice since they don't believe it's useful
Answer:b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
Explanation:Policymakers are usually politicians and politicians always consider what is most favoured by the public which is likely to score them more fans and anything that is popular amongst the public they will support so that they win more voters other than that they will neglect even the best policy if it means they may lose their voters.
The importance of the ceteris paribus assumption is that it:______.
a. allows one to generalize from the whole to the individual.
b. allows one to analyze the relationship between two variables apart from the influence of other variables.
Answer:
b. allows one to analyze the relationship between two variables apart from the influence of other variables.
Explanation:
Ceteris Paribus means 'other things being constant'.
This implies study of relationship between two variables, other factors being constant.
Example : Law of demand states negative relationship between price & quantity demanded, other factors being constant.
Zapstreet is a stock brokering firm. Its employees use a private network within the organization to communicate with each other regarding stock prices and trading accounts. Zapstreet's network is an example of a(n) ________.
Answer:
intranet
Explanation:
Based on the information provided within the question it can be said that in this scenario Zaptstreet's network is an example of an intranet. This is a computer network that is used in order to share information among other features within an organization, but only to those inside the organization and not to those outside of it. In other words it is a private network.
Tyree, a graphic designer with Lincoln Advertising, enjoys working for the company because of the flexibility of its management and its culture, which encourages risk-taking, innovation, and creativity. Tyree gets quick answers from his boss, allowing him and Lincoln Advertising to quickly respond to changes in the marketplace. Lincoln Advertising is an example of an adhocracy culture. True or false?
The given statement " Tyree, a graphic designer with Lincoln Advertising, enjoys working for the company because of the flexibility of its management and its culture, which encourages risk-taking, innovation, and creativity. Tyree gets quick answers from his boss, allowing him and Lincoln Advertising to quickly respond to changes in the marketplace. Lincoln Advertising is an example of an adhocracy culture " is TRUE
Explanation:
Advertising is a marketing plan that allows the advertising for a good, service or cause to be advertised. New advertising advertisements are called ads or quick ads.
Advertising seeks to reach people who are most prepared to pay for the goods or services of a business and to persuade them to purchase them.
A corporate culture is required in order to rapidly meet changing circumstances in the business setting. Flexibility, workers trust and focus on individual projects are the characteristics of adhocrats.
True, Lincoln Advertising is a representative example of an adhocracy culture, which is a flexible, adaptable, and informal type of organizational culture that values innovation, creativity and risk-taking.
Explanation:True, Lincoln Advertising is an example of an adhocracy culture. An adhocracy culture is a flexible, adaptable, and informal type of organizational culture that values innovation and risk taking. The fact that Tyree enjoys the flexibility of its management, the encouraged risk-taking, innovation, and creativity, and can quickly get answers from his boss to respond to changes in the marketplace, is indicative of an adhocracy culture. This type of culture allows the company to be responsive and adaptable to the external environment, which seems to be the case with Lincoln Advertising.
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Sumaira is scared that she will not find a job in the current economy. She decides to be a business major and attend one of the top business schools in the country. Upon graduation, she is hired by a major investment banking firm in New York. Sumaira has completed:
1. A degradation ceremony.
2. Developing her sense of self.
3. Anticipatory socialization.
4. Developing her sense of morality.
Answer: C. Anticipatory socialisation
Explanation: Anticipatory socialisation is a term used in socialisation to describe the involvement of people or a person in a particular type of interaction, skills, study or training in order to enable the person or people acquire certain skills or certification, lincense or capacity to fit into a particular class,trade,job or group. For Sumaira, she enrolled in a top business school in order for her to gain the required skills or certificate needed for her to be employed.
According to Friedman's argument, _________. a. individual proprietors probably can't create a monopoly, so they must have social obligations. b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers. c. individual proprietors are foolish because they haven't incorporated. d. individual proprietors would make much more money if they sold stock.
Answer:
b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers.
Explanation:
Friedman is an economist that postulated the theory of social responsibility by businesses. While businesses had a primary duty to shareholders to maximise profits, it also has a responsibility to contribute to the society where it operates.
So when the company's money is used for social obligation bit is a form of tax on the company's employees and customers, giving back to the society.