Answer:
C. an organizational buyer
Explanation:
organizational buyer - it is referred to as a section of professionals who represent any business. There are three types of buyers namely: the average spenders, the spendthrift, and tightwads
the spendthrift - it comprises 14% of the population of the buyer. They considered being the smallest group of the buyer.
Tightwads - comprise 24% of the population of the buyer. These buyers who do enjoy spending money while buying
Average spender - it comprises of 61% of the population of buyers. Their buying ability is based on persuasion and decision.
A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and discovers that the identified target segment is not addressed in its current marketing mix. What question were they trying to answer by conducting targeting and segmentation activities?
Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.
Explanation:
Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.
The company working in the niche has to target boat owners specifically, which the marketing fails to do.
Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out. This is not a very effective method but it was essentially trying to find which people look out for the service the company provides.
The boat-cleaning company conducted targeting and segmentation activities to identify which market segment to focus on. They found that their current marketing mix did not address the identified target segment.
Explanation:The boat-cleaning company conducted the targeting and segmentation activities to answer the question of which market segment to focus on in order to increase its number of clients. Segmentation involves dividing the market into smaller groups based on similar characteristics or needs, while targeting involves choosing a specific segment to focus on.
By identifying that the current marketing mix does not address the identified target segment, the company can make necessary adjustments to better cater to the needs and preferences of the target segment.
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The reserve ratio is 20% for the banking system below. If the Federal Reserve sells $50,000 of Treasury bills to the banking system, then the money supply will decrease by $_____.
Answer:
$250,000
Explanation:
The effect of a change in the money supply is given by the following equation: money increase/decrease x money multiplier
the money multiplier = 1/reserve ratio = 1/20% = 5
so the net effect of this transaction = -$50,000 x 5 = -$250,000
Suppose that there are only three consumers of a product. At a price of $3 per unit, the first consumer would buy 6 units of the product, the second consumer would buy 5 units, and the third consumer would buy 7 units of the product. If you drew a market demand curve for this product, the quantity demanded at a price of $3 would be:
Answer:
The quantity demanded at $3 would be 18 units.
Explanation:
The market demanded curve is the sum of all individual demand curves in the market. We can sum up the individual quantity demanded of a good to find out the quantity demanded by the market as a whole.
Suppose the price of a good is $3. There are three consumers in the market.
The first consumer would buy 6 units, the second would buy 5 units and the third would buy 7 units.
The market demand for the good at the price of $3 would be,
= 6 units + 5 units + 7 units
= 18 units
"Jiffy peanut butter and Smucker's Strawberry jam are considered to be complementary goods. Show how an increase in the price of Jiffy peanut butter affects the demand for Smucker's Strawberry jam. When the price of a related good changes, this will result in:"
Answer:
Inverse Relationship between demand of a good & its complementary good's price. Prise rise of peanut butter will reduce demand of strawberry jam.
Positive Relationship between demand of a good & its substitute good's price.
Explanation:
'Other goods price' is a factor affecting demand. These are substitute goods price & complementary goods price.
Complementary Goods are goods used together (eg- Jiffy peanut butter & Smucker's strawberry jam, here). These goods price & demand are inversely related.
Price rise of a complementary good (jiffy peanut butter) leads to fall in its own quantity demanded & so decrease in demand of its complement good (smucker's strawberry jam), because they are jointly demanded. Also- Price fall of a complementary good leads to rise in its own quantity demanded & so decrease in complement's demandSubstitute goods are are goods that can be used interchangeably. Eg - Coke , Pepsi . Substitutes price & demand are positively related
Price rise of good makes it relatively expensive & decreases its demand.Prise fall of good makes it relatively cheaper & increases its demand.The price of complementary goods like Jiffy peanut butter and Smucker's Strawberry jam is interdependent. If the price of Jiffy peanut butter increases, it will reduce the demand for both itself and Smucker's Strawberry jam as they are usually consumed together.
Explanation:In economics, Jiffy peanut butter and Smucker's Strawberry jam can be considered as complementary goods. Complementary goods are two goods that are usually consumed together. This means if the price of one good increases, the demand for the other good decreases, and vice versa.
If there’s a price change in Jiffy peanut butter and it becomes more expensive, consumers are less likely to buy it. As a result, the demand for its complementary good, Smucker's Strawberry jam, will also decrease. This is because if you commonly eat these two items together (like in a PB&J sandwich), the increased cost of the total 'package' (pb+jam) may result in consumers purchasing less of both items.
In short, when the price of a related good changes, it will change the demand for any goods that are complementary to it.
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Argument or Nonargument
To focus on the performance of the stock market is to zero in on an economic indicator that can do well even as the country does poorly. In 2006, for instance, the Dow Jones industrial average hit highs. According to the just released census data, however, median earnings fell one percent, and millions more Americans entered the ranks of the uninsured. Indeed, from 2000 to 2007 the S&P 500 gained more than 500 points. Meanwhile, the median household income fell by more than $900.
Final answer:
The statement is an argument as it presents a claim with supporting evidence. It argues that stock market indices like the Dow Jones and S&P 500 do not necessarily reflect the overall economic conditions. These indices track the stock performance of large U.S. companies and show general market trends.
Explanation:
When considering whether the provided statement constitutes an argument or a nonargument, we can see it presents a claim and supports it with evidence—hence, it is an argument. The claim is that the stock market's performance (as indicated by benchmarks like the Dow Jones Industrial Average and the S&P 500) does not necessarily reflect the overall health of the economy. The evidence provided includes the contrast between the stock market's highs and specific data points indicative of economic challenges faced by the population such as decreases in median earnings and increases in the number of uninsured Americans.
The significant performance indices mentioned - the Dow Jones Industrial Average and the S&P 500 are crucial metrics in tracking stock market performance. The Dow Jones is a price-weighted average of 30 large industrial stocks, while the S&P 500 is a weighted average of the market capitalization of 500 large firms. Both of these indices provide insights into stock market trends, which generally incline upwards over time despite experiencing significant fluctuations.
Roberto, a manager at GBN, has to prepare a report about the advantages of introducing a counseling program for employees in his company. In his report, he makes the claim that introducing a counseling program would reduce voluntary turnover because employees would be happier with their pay packages, but he offers no evidence linking counseling with pay. This report failed to effectively deliver the message that Roberto had intended. Which of the following is the most likely reason for its failure?
a. weak analogy.
b. exaggeration.
c. either/or logic.
d. unsupported generalization.
e. slanting of facts.
Answer:
The correct answer is letter "D": unsupported generalization.
Explanation:
Unsupported generalization is a statement given after coming to a broad conclusion on facts that might not be related to the topic pointed out. Evidence could be presented in these arguments but it is considered inconsistent because those arguments could be helpful to support other conclusions rather than the provided.
The five-dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift card to buy yourself dinner at Burger Joint, or you can stay home and eat a delicious home-cooked meal. What is the opportunity cost of eating the home-cooked meal?a. The value of a five-dollar dinner at Burger Joint.
b. The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint .
c. There is no opportunity cost since you did not pay for the gift card.
d. The time it takes to eat your home-cooked meal and the value of the five-dollar dinner at Burger Joint.
e. The value of the ingredients that go into the home-cooked meal.
Answer:
The correct answer is option b.
Explanation:
The opportunity cost of an economic decision can be defined as the cost of giving up the second-best alternative. A person received a five-dollar burger joint gift card that expires today.
The person has to choose between eating out at a burger joint or having a home-cooked meal. If the person eats a home-cooked meal, he has to give up the five-dollar worth gift card. Also, the ingredients that he used in the meal could have been used later for something else.
Jenna Newbury began a music business in July 2018. Newbury prepares monthly financial statements and uses the accrual basis of accounting. The following transactions are Newbury Company's only activities during July through October: Jul 14 Bought music on account for $ 65, with payment to the supplier due in 90 days. Aug 3 Performed a job on account for Alanna Turner for $ 55, collectible from her in 30 days. Used up all the music purchased on July 14. Sep 16 Collected the $ 55 receivable from Turner. Oct 22 Paid the $ 65 owed to the supplier from the July 14 transaction. If Newbury Company uses the cash basis of accounting instead of the accrual basis, in what month will Newbury report revenue and in what month will it report expense?
Answer:
A revenue for 55 ollars with be recognize on Sep 16th
An expense of $65 will be be recognize on october 22th
Explanation:
Under cash the company will only consider the cash inflwo and disbursement as the object to recognize gain/losses.
Revenues:
55 for collected sales on September 16th
Expenses:
65 payment to suplliers October 22th
If Newbury Company uses the cash basis of accounting, revenue and expense will be reported in different months.
Explanation:If Newbury Company uses the cash basis of accounting instead of the accrual basis, it will report revenue and expense in the same month when cash is received or paid. Using the cash basis, revenue will be reported in September when the $55 receivable from Alanna Turner is collected. Expense will be reported in October when the $65 owed to the supplier is paid.
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Ronnie, the advertising manager of a leading newspaper, congratulates every member of the space selling team who achieves his or her daily target. This motivates the team members to work harder and collectively contribute to the organizational goal of selling space for advertisements. In this scenario, which of the following management functions is illustrated by Ronnie?
A) Organizing
B) Planning
C) Leading
D) Controlling
Answer:
The correct answer is letter "C": Leading.
Explanation:
Leading is the activity individuals engage in any aspect, in any field, when they naturally take responsibility for managing a group of people to achieve a collective goal helping each member of the team reach their personal objectives. Leaders tend to set an example that attracts subordinates. In return, leaders give appraisal to their followers after every little piece of work is done effectively.
Answer:
C) Leading: is the correct answer.
Explanation:
Ronnie, tends to be the advertising manager of a leading newspaper.
Her act towards congratulating every member who successfully complete their daily target, motivates the team members and assures them to keep up with the persistent work. This is the clear sign of a person who is at some leadership position trying to motivate her team players in order to achieve more and more. Hence she plays the role of a leader and illustrating leading management function.
Suppose you are spending two hours a day studying economics, and your grade is 85 percent. You want a higher grade and decide to study for one extra hour a day. As a result, your grade rises to 90 percent. Your marginal benefit of the hour studying is
Answer:
a 5 percent increase in your grade.
Explanation:
Marginal benefit refers to the additional benefit or utility obtained from consuming one extra unit of a product or service, or doing one extra unit of some type of activity.
For example, the marginal benefit of working out at least 30 minutes per day is that you body will be in better shape and you will be healthier. The marginal benefit of buying one more gallon of gas is that you will be able to drive your car 25 more miles.
Final answer:
The marginal benefit of studying an additional hour of economics is the increase in the student's grade from 85 percent to 90 percent, which is a 5 percent increase.
Explanation:
The marginal benefit of the extra hour spent studying economics is the increase in the grade percentage due to that additional hour of study. In this scenario, the grade improved from 85 percent to 90 percent which means the marginal benefit is the difference between the two grades, which is 5 percent. Marginal benefit is an important concept in economics that represents the additional benefit gained from consuming or using one more unit of a good or service.
In the context of studying time and grading, it is assumed that the total benefit of studying increases with each hour spent studying, but at a decreasing rate, leading to a downward-sloping marginal benefit curve. The marginal benefit of the first hour of studying economics is provided as an example in the study materials, but the specific marginal benefit of each additional hour is characterized by the slope of the total benefit curve at that point.
It is also worthwhile to consider the marginal cost of the additional hour spent studying, which might be the opportunity cost of not engaging in another activity, such as studying for a different exam. However, in this scenario, only the marginal benefit of studying economics for an additional hour is requested and has been determined to be a 5 percent increase in the grade.
A tax placed on environmentally harmful activities or emissions in an attempt to internalize some of the externalities that may be involved in the life cycle of those activities or products. True or false?
Answer:
Green Tax
Explanation:
Based on the information provided within the question it can be said that the term that is being described in the question is called a Green Tax. Like mentioned in the question this refers to a tax that is placed on environmentally harmful activities or emissions and is done so with the intention of promoting environmentally friendly activities by punishing opposite actions.
With reference to an escrow, recurring costs mean: (a)closing fees. (b)tax calculations. (c)impound accounts. (d)realtor fees.
Answer:
b tax calculations
Explanation:
because the escrow gets an estimate at the beginning, but appraisal district in the area will verify if any changes up or down will determine the taxes for that year, so it is never set.
An organization in which there are a lot of formal rules, people are treated in animpersonal manner, jobs are carefully divided into specialized tasks, and employees must check with their supervisors before making decisions, hence feeling micromanaged, exemplifies:1. Theory X organization2. scientific management theory3. the application of a human relations approach4. contingency management theory
Answer:
Theory X organization
Explanation:
McGregor defined it as this: an organization whose approach tend to have several strata of managers and supervisors to oversee and direct workers. A place where Authority is rarely delegated, and control remains firmly centralized. Managers are authoritarian and actively intervene to get things done.
On the worksheet, Accounts Receivable has a debit balance of $15,000 on the Unadjusted Trial Balance. In the Adjustments there is a debit of $3,000. What is the amount for Accounts Receivable in the Adjusted Trial Balance?
Answer:
The adjustment balance will be of 18,000
Explanation:
We should build Accounts Receivables T-account to get the adjusted balance:
Accounts Receivables
DEBIT CREDIT
15,000 UNADJUSTMENT
3,000 ADJUSTMENT
18,000 ADJUSTED BALANCE**
**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000
A customer alleges wrongdoing on the part of a registered representative and files a complaint with the broker/dealer. The broker/dealer decides to settle without going to arbitration/trial and pays the client a total of $18,000. What is required in this situation?
Answer:
D) II and IV
The settlement must be disclosed on the RR's U-4 for the remainder of the RR's career in the financial industry. The record of the settlement must be made public on the FINRA websiteExplanation:
Since the dispute was over a $15,000 amount, the settlement must be recorded using the registered representative's U-4, section 14 I, section 2. This disclosure must contain the information regarding the incident that lea to the settlement and whether the complaint was written or oral. This information must also be uploaded to the FINRA website under the broker check section which includes all the customers' complaints.
__________ seeks to be the preeminent professional association providing worldwide leadership for the evolving logistics profession through the development, dissemination, and advancement of logistics knowledge.a. CSCMP
b. APICS
c. ISM
d. ASQ
Answer:
CSCMP
Explanation:
Drudgen Fitness Inc. is a fitness equipment provider that markets its products through a chain of retailoutlets in four states. As part of its expansion strategy, the company decides to open outlets in four morestates and decides to revise its existing business processes. According to the five-component model ofinformation systems, which of the following processes will be the least disruptive to the organization?1. collecting demographic data from the new markets 2. developing new CRM software for the existing and new outlets 3. relocating existing employees and hiring new employees 4. buying and installing new computers in the new outlets
Answer:
4) buying and installing new computers in the new outlets
Explanation:
The five component model of information systems includes what a company needs to create is IT infrastructure and it includes:
people: I firmly believe that people are the most important component of any system, at least until AI replaces us. hardware: refers to the equipment needed (e.g. computers, etc.)software: includes both system (windows or linux) and applications software (e.g. ERP software) database: the place where collected data is stored, e.g. physical storage devices or cloud storage network: the connections needed for different hardware to work together, e.g. cables, routers, internet serviceFinal answer:
Collecting demographic data from the new markets would be the least disruptive process for the expansion of Drudgen Fitness Inc., as it is an incremental task unlike the other options which require significant changes to business practices.
Explanation:
Considering the processes involved in the expansion of Drudgen Fitness Inc., and referencing the five-component model of information systems, collecting demographic data from the new markets would likely be the least disruptive process to the organization. This is because it represents an incremental addition to the company's existing research activities and does not necessitate significant shifts in the existing business practice or the use of resources. In contrast, developing new CRM software, relocating existing employees and hiring new ones, or installing new computers and systems can be much more disruptive due to the complexity, costs, and potential to interrupt existing operations and the comfort level of current staff with established equipment and software.
Samantha is the return desk coordinator in a department store, and she has set a goal this month of finishing her daily office work quicker so she can assist at the Return Desk earlier in the morning. She knows this will also help decrease theft, which will assist the company in achieving its goal of decreasing costs. Samantha's goal of finishing her office work quicker is a(n)
operational goal T/F
Answer:
The answer is true
Explanation:
Operational goals are specific to the daily tasks and requirements to run a business
Samantha's goal to finish office work quicker to assist at the Return Desk earlier is an operational goal, focusing on day-to-day operations efficiency and aiding the company's cost-saving goals.
Explanation:Samantha's goal of finishing her office work quicker so that she can assist at the Return Desk earlier in a department store is indeed an operational goal. Operational goals are specific, short-term targets that are designed to achieve efficient day-to-day operations, which in this case, also aligns with the company's overarching aim of decreasing costs. By improving her efficiency, she is not only meeting her own goal but also contributing to the company's cost-saving objectives by potentially decreasing theft.
Shawn claims that he multitasks very effectively, and also says that he actually performs better while multitasking than when doing a single task. You ask Shawn to test this claim. Shawn reads a newspaper article while listening to a baseball game, and then reads another article in silence. Based on research on multitasking, when you time Shawn's reading speed and test his comprehension, you are likely to find that his reading is A) both slower and less accurate when listening to the game b) faster slower and less accurate when listening to the game c) Both d) NOne of these
Answer:
A) both slower and less accurate when listening to the game
Explanation:
Shawn might have made the claim that he multitasks very effectively, and also that he actually performs better while multitasking than when doing a single task but the truth varies.
According to psychological researches, Multitasking reduces efficiency and performance as a result of the fact that the brain can only focus on an activity at a time. The brain lacks the capacity to perform two or numerous tasks simultaneously and successfully. A combination of activities at once makes the brain less effective because there would be divided attention.
Research has also revealed that, in addition to slowing down performance, multitasking lowers your IQ.
Pink Couture Inc. and Pink Blush Inc. are two companies in the apparel industry. While Pink Couture Inc. focuses on providing unique product features and superior customer service, Pink Blush Inc. focuses on low prices and minimal customer service. Both companies have been able to gain a competitive advantage. This is most likely because the companies have ________.A) the companies have executed integrated strategies.
B) the companies have pursued distinct strategic positions.
C) the companies have entered into a cartel arrangement.
D) the companies have engaged in direct imitation and substitution.
Answer:
Correct option is (B)
Explanation:
Positioning is a strategy adopted by organizations through which it concentrates on one or two core competencies excel in them to achieve organizational goals. These values are etched in the minds of consumers and they identify the organization by these values.
In case of competitors who manufacture more or less similar products can position their goods in a unique manner, thereby gaining competitive advantage. Differentiation could be in terms of pricing, quality and reach.
In this case, both the companies are following distinct positioning strategies as they are competing firms.
During 20X1, the Balboa Software Company incurred development costs of $2,000,000 related to a new software project. Of this amount, $400,000 was incurred after technological feasibility was achieved. The project was completed in the middle of the year and the product was available for release to customers on July 1. Revenues from the sale of the new software in 20X1 were $500,000 and the company anticipated future additional revenues of $4,500,000. The economic life of the software is estimated at four years. What amount of the software development costs would be capitalized in 20X1 (ignore amortization)
Answer:
$400,000
Explanation:
Data provided in the question:
Development cost incurred = $2,000,000
Amount incurred after the technological feasibility was achieved = $400,000
Now,
The Software development costs that would be capitalized in 20X1
= Cost incurred after achievement of technological feasibility
= $400,000
The Balboa Software Company can capitalize $400,000 of its software development costs in 20X1. These are the costs incurred after the technological feasibility of the software was achieved. Other factors like revenues and economic life of the software are not relevant in this calculation.
Explanation:In the realm of accounting for software development costs, it's important to know the distinction between costs that can be capitalized and those that must be expensed. According to accounting standards, costs incurred after the technological feasibility of a software is established can be capitalized. Given the information in the question, Balboa Software Company incurred $400,000 towards the software project after technological feasibility was established in 20X1. Thus, the amount of software development costs that would be capitalized in 20X1 is $400,000. Any costs incurred before this point must be reported as an expense. The anticipated revenues, completion date, availability of the product, and the software's economic life do not impact this calculation.
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Evan has received permission from his state to form a corporation for his startup, expecting his liability would be limited to the amount of his investment. But his bank asked him to assume personal liability before it would grant him a business loan. Why would the bank make this demand?
Answer:
Evan's business has no credit history.
Explanation:
As Evan has just created the company, it has no record about its ability to pay debt which is important for a bank to give a loan and it will not be willing to approve it if the company has no credit history that shows that it can make the payments. Because of that, it will require Evan to assume personal liability in order to have a guarantee that the loan would be paid back.
If a firm sells 40,000 units and the contribution margin on the firm's single product is $4.00 per unit and fixed costs are $60,000, what will the firm's operating profit be at this level of sales volume?
Answer:
=$100,000
Explanation:
Contribution margin equals to sales - variable cost.
It means the contribution margin has accounted for variable costs.
The total contribution margin, in this case, will be contribution margin per item multiplied by total units sold.
=40,000 units x 4
=$160,000
Operating income = Total contribution margin - fixed costs
=$160,000 - $60,000
=$100,000
Final answer:
The firm's operating profit at a sales volume of 40,000 units, with a contribution margin of $4.00 per unit and fixed costs of $60,000, is $100,000.
Explanation:
To calculate the firm's operating profit using the given sales volume and contribution margin, we need to multiply the number of units sold by the contribution margin per unit, then subtract the fixed costs from the result. In this case, the calculation is as follows:
Number of units sold = 40,000 units
Contribution margin per unit = $4.00
Fixed costs = $60,000
Operating profit = (Number of units sold imes Contribution margin per unit)
- Fixed costs
Operating profit = (40,000 units imes $4.00) - $60,000
Operating profit = $160,000 - $60,000
Operating profit = $100,000
Therefore, the firm's operating profit at this sales volume is $100,000.
In preparing financial statements, accountants should consider all of the following except: a. The objectives of financial reporting. b. The characteristics that make accounting information useful. c. The most useful way to display the information found on the financial statements. d. The presentation of the value of a company.
Final answer:
In financial statement preparation, accountants do not consider the presentation of the value of a company, which is more relevant to analysts and valuation experts. They focus on the objectives of financial reporting, the characteristics that make information useful, and displaying information in a useful way for investors like bondholders and shareholders.
Explanation:
In preparing financial statements, accountants should consider a range of factors to ensure that the information presented is useful for decision-making. However, not all aspects are relevant to the preparation of these statements. Specifically, the option that is not typically a consideration for accountants is d. The presentation of the value of a company. While the value of a company can be influenced by the information found in financial statements, it is not the direct responsibility of accountants to present this valuation within the statements, as this is usually the domain of analysts and valuation experts.
Accountants focus primarily on:
a. The objectives of financial reporting, which aim to provide information that is useful to current and potential investors, lenders, and other creditors in making decisions about providing resources to the entity.b. The characteristics that make accounting information useful, such as relevance and faithful representation, which help ensure that the financial information meets the needs of users.c. The most useful way to display the information found on the financial statements, which encompasses the organization and clarity of the data presented, helping users understand the financial performance and position of the company.As a firm becomes established, the personal knowledge of individual managers and their plans becomes less critical for outside investors like bondholders and shareholders. They rely more heavily on the available financial information when deciding to provide financial capital to the firm. Accountants serve these investors by focusing on providing transparent and accurate financial reporting, rather than personal assessments of value.
. During 20X9, Alpha Co. purchased debt securities classified as trading securities. At the end of 20X9, the market value of Alpha’s investment in debt securities exceeded the amortized cost. Alpha should report the debt securities on its 20X9 balance sheet at
Multiple Choice
a. Amortized cost
b. Market value
c. Cost
d. Lower of cost or market
Answer:
b. Market value
Explanation:
Alpha' Co's trading securities are considered as cash equivalent item and recorded as current assets in the balance sheet, because of its short maturity period. The market value of securities should be reported on the balance sheet as on the year end of Alpha Co. So, Correct answer is Alpha should report the debt securities on its 20X9 balance sheet at Market value.
Multidomestic corporations ________.
a. attempt to replicate their domestic successes by managing foreign operations from the home country
b. maintain operations in multiple countries, but do not allow managers in each country to make their own decisions
c. reflect ethnocentric attitudes
d. decentralize management and other decisions to the local country
Answer:
d. decentralize management and other decisions to the local country
Explanation:
Multidomestic corporations -
It is a type of multinational corporation , which is operated by the local management structure , is referred to as multidomestic corporation .
It make sure the presidents and head of the country make the decisions .
The multinational corporation is decentralized in nature .
As it does not take all the decision from one primary place , so it is decentralize .
Hence , from the given question ,
The correct option is d.
Multidomestic corporations d. decentralize management and other decisions to the local country.
Multidomestic corporations tend to adapt their business strategies to fit local markets, allowing for greater responsiveness to local needs and preferences.
They achieve this by decentralizing decision-making and management to local subsidiaries, which are empowered to function somewhat autonomously while the central headquarters focuses on global strategies, resource allocation, and other overarching functions.
A prime example of a multidomestic corporation is Nestlé, which allows for local adaptation and differentiation while maintaining a strong central strategy for global integration.
Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash received for use of land next month b. Fees earned but not received in cash c. Wages owed but not yet paid d. Supplies on hand
Answer:
a. Unearned Revenue; b. Accrued Revenue; c. Accrued Expense; d. Prepaid Expense
Explanation:
Prepaid Expenses : Expenses paid before due
Unearned Revenue : Revenue earned before due i.e Advance Income
Accrued Revenue : Revenue earned i.e due , but not received
Accrued Expense : Expense due but not paid i.e Outstanding Expense
a. Cash received for use of land next month = Unearned Revenue or Advance Income
b. Fees earned but not received in cash = Accrued Revenue / Accrued Income
c. Wages owed but not yet paid = Accrued Expense / Outstanding Expense
d. Supplies on Hand = Prepaid Expense
Cash received for use of land next month is unearned revenue, fees earned but not received in cash is accrued revenue, wages owed but not yet paid is accrued expense, and supplies on hand is prepaid expense.
Explanation:The items can be classified as -
a. Cash received for use of land next month is classified as unearned revenue. This is because the land has not yet been used, and the revenue is considered unearned until the service (use of land) is provided.
b. Fees earned but not received in cash are classified as accrued revenue. This is because the fees have been earned, but the cash has not yet been received.
c. Wages owed but not yet paid are classified as accrued expense. This is because the expense has been incurred but not yet paid.
d. Supplies on hand is classified as prepaid expense. This is because the supplies have been paid for in advance but have not yet been used.
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Sometimes the risks posed by a project are deemed unacceptably large compared to the potential benefits, and the ultimate avoidance strategy is to not perform the project at allA. TrueB. False
Answer:
TRUE
Explanation:
Sometimes the risks posed by a project are deemed unacceptably large compared to the potential benefits, and the ultimate avoidance strategy is to not perform the project at all.
The major reason for risk identification in risk analysis is to know if there are risks that will either cause the project to fail or erase all the potential benefits of the project.
Risks that have been categorized as both high impact and high probability of occurrence will most likely cause a project to be terminated, or to fail if it is continued in spite of the risks identified.
Such projects can only be performed if they somission critical and their impact and probability of occurrence can be reduced
ACME Corp. managers lack the will and resources to develop international marketing strategies but are happy when their company's products are purchased by a(n) _______, which then sells them internationally.
Answer: Trading company.
Explanation:
Trading companies are companies that act as the middlemen in a trade helping to connect the buyer of a product to the seller. Trading companies can perform trade of a product within a country and can also export products to consumers in foreign countries. ACME Corp. products can easily be sold internationally by trading companies.
When a firm is able to produce nonstandardized (distinctive) products for customers who value differentiated features more than they value low cost, the firm is successfully implementing: a. a differentiation strategy. b. a cost leadership strategy. c. an integrated cost leadership/differentiation strategy. d. . a single-product strategy.
Answer: (A) Differentiation strategy.
Explanation:
A differentiation strategy is one of the type of business strategy that helps in developing the various types of unique products and the services based on the customer requirements and actual needs.
The main objective of this strategy is that it distinguish the products in the business from the market competition. It is also known as the low cost providing strategy.
According to the given question, the company is basically implementing the differentiation strategy as the firm is producing the non-standardized products and the services for the customers.
Therefore, Option (A) is correct answer.