A company that sells only one product line to one industry with customers in many locations would typically use a ________.A) product sales-force structureB) territorial sales-force structureC) market sales-force structureD) customer sales-force structureE) complex sales-force structure

Answers

Answer 1

The organization of the sales force by products, customers, or industries.

Which of the following sales organizational structures adheres to the marketing concept?

The sales organization structure that emphasizes specialization within the marketing team is referred to as function structure. This implies that each team member has a specific role to play depending on their areas of expertise, hobbies, and other considerations.

What type of organization is sometimes referred to as a customer sales force?

A sales force organization in which salespeople specialize in selling primarily to particular clients or markets is referred to as a customer (or market) sales force structure. A customer (or market) sales force structure is being used by an increasing number of businesses to segment their sales force by market or client.

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Related Questions

the point of is to find a solution to price wars by getting each player to think about the broader market, rather than only optimizing their own needs.

Answers

The point of game theory is to find a solution to price wars by getting each player to think about the broader market, rather than only optimizing their own needs.

What is game theory?

Theoretically, social scenarios with rival players can be imagined using game theory. Game theory seeks to provide the best possible strategic decision-making among autonomous, rival actors.

Why does game theory apply to business?

In the event that predictions come true, game theory offers a mathematical framework for examining the course of action most probably to produce the desired results. Informed decisions about everything from pricing and product introductions to target market selections and marketing campaigns are made possible by such preparation.

In order to reach sustainable harvest goals, game management entails monitoring and managing habitats and game populations. It is beneficial for the ecology, society, and the economy to regulate hunters and hunting activity.

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heinrich, the principal executive officer of a publicly held corporation, received $2.5 million compensation this year. the compensation consisted of an $800,000 base salary and a $1.7 million year-end bonus for outstanding performance. the corporation is allowed to deduct the entire amount of heinrich's compensation.

Answers

It is FALSE to indicate that the corporation is allowed to deduct the entire amount of Heinrich's compensation.

What are the deductions that can be made to a person's compensation?

The statute-based deductions that are permissible in the above case as well as in others (all things being equal) are;

1) Standard Deductions

The standard deduction is a fixed amount allowed by the IRS to taxpayers.

Single Filers - $6,300Married filing jointly - $ 12,600Head of Household - $9,300

2) Itemized Deductions

The taxpayer totals all permissible deductions and claims the total as a deduction from gross income.

In other words, itemized deductions refer to the actual amount of allowable deductions. Itemized deductions often include mortgage interest, IRA contributions, property taxes, and so on.

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Last year, a vendor cost of goods sold was $8,000 and average inventory investment was $500. This vendor's ________ was 16.-fill rate-weeks of supply-inventory turnover

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This vendor's inventory turnover was 16.-fill rate-weeks of supply-inventory turnover

Inventory turnover is the period of time between when a corporation purchases a product and when it is sold. Having sold all of the merchandise that was purchased, less any items lost to damage or shrinkage, is referred to as a complete turnover of inventory.

Inventory turnovers occur frequently in successful businesses, however the number varies by industry and product category. While particularly high-end luxury items, such as luxury handbags, typically see few units sold per year and lengthy production schedules, consumer packaged goods (CPG) typically have rapid turnover.

Turnover can be impacted by a variety of inventory management issues, such as fluctuating client demand, inadequate supply chain planning, and overstocking.

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in perfect competition, the assumption of easy entry and exit implies that:

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In perfect competition, the assumption of easy entry and exit implies that In the long run all firms in the industry will earn zero economic profit.

What happens in perfect competition ?

In a perfect competition, there are little to no barriers to entry which means that there is an assumption of easy entry and exit. In other words, any company can start trading in a perfectly competitive market.

The implication of this is that in the long run, all the firms in this industry will earn zero economic profits. The reason is that firms will enter when there is a short term economic profit and the sharing of profit will bring the profits down to zero.

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Which of the following activities related to human resources are supervisors likely to be directly involved in? (Select all that apply)a. overall company designb. job analysis and designc. employee trainingd. recommendation of pay increasese. performance appraisals

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activities related to human resources in which supervisors are likely to be directly involved are job analysis and design; employee training; recommendation of pay increases; and performance appraisals.

Activities in the area of human resources encompass anything and everything an organisation does that has to do with its workforce. These include activities such as recruiting, selection, training and development, as well as performance evaluation.

A person who takes on all of the administrative responsibilities within an organisation is referred to as a supervisor. He examines and assesses the performance of every worker, and he assists those workers in participating in activities that are associated with human resources.

The demands of the organisation, checking the performance of the employee while also providing them with direction and assistance and encouraging communication between the employee and the employer are all included in the supervisor's responsibilities.

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mention 5 types of unemployment

Answers

Seasonal, Frictional, Structural, Cyclical, Technological

Which of the following are reasons why might states not want to encourage free trade?
a-They may worry more about domestic employment than economic growth.
b- They may prioritize their own labor and environmental standards and regulations.
c- They may have certain new sectors of the economy that they want to protect so they can grow.
d- They may believe certain sectors of the economy are too vital to allow to outsource.

Answers

All of the mentioned reasons can be used by states who do not want to encourage free trade.

What else could exchange possibly mean?

Business, commerce, industry, and traffic are a few examples of typical trade synonyms. Commerce and trade imply the exchange and transportation of commodities, even if all these phrases refer to "activity connected with the supplying and distribution of commodities."

Why is it referred to as trade?

Trade is derived from Middle English trade (a "route, line of conduct"), Middle Low German trade (a "track, course"), Old Saxon trada (a "spoor, track"), Proto-Germanic *trad (a "track, way"), and is cognate with Old English tredan. Trade was introduced into English by Hanseatic traders ("to tread").

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65 High transportation costs are a disadvantage for companies that
Multiple Choice
• are service based.
• ship large, bulky products.
• produce and ship products regionally.
• use customization.
• ship component parts.

Answers

Transportation costs are the expenses related to the transportation of raw materials and finished products. High transportation costs are a disadvantage for the companies that ship large and bulky products.

What are transportation cost?

The transportation costs refers to costs incurred by an company for movement of their goods from one place to another. Transportation costs are related to transportation operations including raw materials, driver wages, employee salaries, vehicle maintenance, vehicle operations, and finished products. Transport costs can be fixed or variable.

The companies that need to transport large and bulky product as a part of their business operation, high transportation costs are a disadvantage for them and that gets included in the cost of the product.

Therefore, companies that ship large, bulky products, high transportation cost are a disadvantage for them.

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Which checking account would be best for kiera? account

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A bank account is labeled Minimum Balance with entries[tex]500[/tex]dollars, [tex]250[/tex]dollars[tex], 50[/tex] dollars.

A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization. The terms and conditions for each type of account each financial institution offers are set by the institution itself. These accounts are categorised into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, or many other types of accounts. A consumer could have multiple accounts. When a customer opens an account, the money they deposit with the financial institution is recorded in the account they choose. Loan loaders allow for the withdrawal of money.

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A bank account is labeled Minimum Balance with entriesdollars, dollars dollars.

A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization. The terms and conditions for each type of account each financial institution offers are set by the institution itself. These accounts are categorised into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, or many other types of accounts. A consumer could have multiple accounts. When a customer opens an account, the money they deposit with the financial institution is recorded in the account they choose. Loan loaders allow for the withdrawal of money.

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FILL IN THE BLANK. ___ are ostensibly designed to protect the parental rights of a putative father who has registered by giving him notice of a pending adoption proceeding.

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Financial statement are ostensibly designed to protect the parental rights of a putative father who has registered by giving him notice of a pending adoption proceeding.

Despite occasional linguistic variations, "putative father" generally refers to a male who alleges or asserts parental rights for a child born to a woman to whom he was not married at the time of the kid's birth. The father acquires parental responsibility for his kid by having his name added to the birth certificate. After then, his child is eligible for benefits including Social Security, life insurance, military pay, and inheritances. To provide a man in this situation with notice before any termination procedures, Pennsylvania keeps a record of putative dads.

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How is the perceived demand curve for a monopolistically competitive firm different from the
perceived demand curve for a monopoly or a perfectly competitive firm?

Answers

A perfectly competitive firm can sell any amount it wants at the going market price, the perceived demand curve for a monopolistically competitive firm is perfectly elastic, or flat. For monopolistic or perfectly competitive businesses, the perceived demand curve is downward sloping.

What is a perfectly competitive firm?

Generally, The perceived demand curve for a monopolistically competitive company is perfectly elastic, often known as flat. This is because a perfectly competitive firm is able to sell any amount that it desires at the price that is currently in effect in the market.

The perceived demand curve for a monopoly, as well as the demand curve for a business that is completely competitive, slopes downward.

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Outsourcing is advantageous when which of the following occurs?
A. A firm is operating at a loss and is on the verge of a shutdown.
B. A firm does not have an established brand image to protect.
C. A high degree of coordination is required between activities.
D. There is high technological uncertainty in an industry.

Answers

Outsourcing is advantageous when a firm does not have an established brand image to protect. Option (b) is correct.

What do you mean by Shutdown?

The termination or suspension of an operation or activity is the definition of shutdown.

One can utilize information, talents, and your entire supply chain through outsourcing. Additionally, outsourcing can help your company become more adaptable and flexible, allowing it to better respond to difficulties and changing market conditions while achieving cost savings and higher service levels.

Therefore, Option (b) is correct. Outsourcing is advantageous when a firm does not have an established brand image to protect.

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TRUE/FALSE. You should change the marital status linked to your credit card account should you become married, separated, or divorced.

Answers

True, because of your gender or marital status, credit card firms cannot refuse you credit or provide you less favorable terms.

What exactly does "credit card" mean?

A sort of credit facility offered by banks is a credit card, which enables users to borrow money up to a pre-approved credit limit. Customers can use it to transact in the purchase of goods and services.

How can I improve my credit?

Pay the minimum amount required each month, or more if you are able to, and make sure your payments are made on time. Paying down the balance on a credit card as soon as you can is the easiest approach to lower the interest that is charged. If you only make the minimum payments, it could take several years to pay off even a tiny credit card bill.

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sidebar interaction. press tab to begin. the process of forming judgements about what could happen in the future and which actions are worth your investment is called

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The process of forming judgments about what could happen in the future and which actions are worth your investment is called justify.

Investment is the willpower of money to buy of an asset to acquire an boom in cost over a period of time. investment calls for a sacrifice of a few present asset, such as time, cash, or effort. In finance, the cause of making an investment is to generate a go back from the invested asset

Funding involves putting capital to apply these days so that you can growth its value over the years. Funding requires setting capital to paintings, in the form of time, money, effort, and so on., in hopes of a extra payoff within the future than what turned into initially installed.

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flow directly from a job description and indicate what the job accomplishes and how performance is measured in key areas of the job description. If employees know what is expected of them and how performance is measured, they have a much better chance of performing satisfactorily.

Answers

In essential sections of the job description, performance standards outline what a job does and how performance is evaluated.

How are job descriptions and performance related?

All performance evaluations must to include job descriptions as a core component. Without them, the review might not accurately reflect the performance of the employee. When job descriptions are employed, it is possible to use them as a checklist to check off if an employee has completed all of the requirements for the position.

What steps comprise the job description process?

A job description is a practical document written in simple language that outlines the duties, responsibilities, tasks, and goals of a position. It specifies who does particular types of labor, how that work is to be done, as well as the timing and frequency of the work's purpose in relation to the objectives and mission of the organization.

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When preparing the balance sheet for papago company for december 31, 2021, which item would not be classified as a current liability?.

Answers

The March 1, 2020 note payable would not be categorized as a current debt.

Which items would be considered liabilities in the balance sheet?

The debts or commitments that an organization has that are due within the next year or during its regular business cycle are known as current liabilities. A new current liability may be created or cash may be used to settle current liabilities in addition.

On a company's balance statement, current liabilities include things like accounts payable, accrued obligations, short-term debt, and other equivalent debts.

Current commitments are frequently listed separately on a company's balance sheet. This makes it possible for readers to determine a company's working capital by subtracting their total from the entire amount of current assets the company owns.

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working capital management is relatively unimportant for a small business.

Answers

This assertion is false. Working capital management is somewhat significant for a small business.

What really is working capital management for small company?

Working capital management refers to the process of adjusting a business strategy in such a way that it ensures a firm can function profitably by making the best use of and monitoring its current assets and liabilities.

Working capital represents how efficiently a company is working. A business owner needs to have a better liquidity position because it doesn't have many alternative resources to rely on if its assets can't pay its expenses. A positive working capital would be when current assets surpass current obligations.

Why is working capital vital for a small business?

Understanding your working capital gives you a snapshot of your operational efficiency and short-term financial health. Companies can invest and expand if they have extra working capital. However, if their working capital is negative, they could not be able to pay their debtors or workers.

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Question 1 Interest is usually associated with bad debts. accounts receivable. doubtful accounts. notes receivable. Question 2 Under the allowance method, writing off an uncollectible account is not acceptable practice. affects both balance sheet and income statement accounts. affects only income statement accounts. affects only balance sheet accounts. Question 3 The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the direct write-off method. percentage of receivables basis. percentage of sales basis. percentage of receivables and percentage of sales basis. Question 4 Bad Debt Expense is reported on the income statement as part of cost of goods sold. a contra-revenue account. reducing gross profit. an operating expense. Question 5 Engler Company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. What does Engler record as the cost of the new truck? $61,050 $60,890 $60,600 $59,000 Question 6 Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets? Salvage value Estimated useful life Cash needed to replace the plant asset Cost Question 7 The book value of an asset is equal to the asset's cost less accumulated depreciation. blue book value relied on by secondary markets. replacement cost of the asset. asset's fair value less its historical cost. Question 8 Depreciation is a process of asset devaluation. cost accumulation. cost allocation. asset valuation.

Answers

Interest is usually associated with D. Notes receivable.

Under the allowance method, writing off an uncollectible account, D. affects only balance sheet accounts.

The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the B. percentage of receivables basis.

Bad Debt Expense is reported on the income statement as D. an operating expense.

The cost recorded by Engler Company for the new delivery truck is B. $60,890.

One option that is not a consideration when recording periodic depreciation expense on plant assets is C. Cash needed to replace the plant asset

The book value of an asset is equal to the a. asset's cost less accumulated depreciation.

Depreciation is a process of C. cost allocation.

How are fixed asset costs calculated ?

Fixed assets costs are calculated by adding all the costs for buying and getting the asset ready. The cost to Engler Company is:

= 55, 000 + 4, 000 + 290 + 1, 600

= $ 60, 890

The book value of this asset will be this cost less depreciation. Interest is something that grows on notes receivables and bad debt expense ends up in the income statement as an expense.

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a company budgets the following direct materials purchases: april: $70,000; may $90,000; june: $60,000. all purchases are on account and the company pays 25% of purchases in the month of the purchase, 50% in the month after the purchase, and the remaining balance in the second month after the purchase. cash payments for june for direct materials is $

Answers

The cash payments for the month of June for direct materials, can be found to be $77, 500

How to find the cash payments?

In the month of June, the company would see a cash payment of 25% for the direct materials purchased in June. It would see 50% for the direct materials purchased in May, and it would see the rest of the balance of the direct payment from April.

The cash payments for June for direct materials is therefore:

= ( 25 % x June purchases ) + ( 50 % x May purchases ) + ( 25 % x April purchases )

The cash payments in June is:

= ( 25  % x 60, 000 ) + ( 50 % x 90, 000 ) + ( 25 % x 70, 000)

= 15, 000 + 45, 000  + 17, 500

= $77, 500

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PLEASE HELP
pt 1. You work for an ad agency that has a Super Bowl sponsor as a client. What approach would you recommend for your agency as it develops a campaign—universal, customized for each geographical region, or something else, and why?
pt 2. What types of companies could benefit from placing ads on the NFL website, and how can they use the internet effectively to promote their products?

Answers

The kind of campaign that would work best for a Super Bowl is one that is universal. This is because the nature of people who come to the Super Bowl can best be described as a heterogenous marketing segment.

The kind of companies that could benefit from placing ads on the NFL website are those in the sports, health, and fitness industry.

What is a universal campaign?

Universal Ads provides you with unique, cross-platform insights into the data you need to be successful. Events from the bottom of the funnel are integrated across platforms. Ad network conversion rates are contrasted. Long-term trends, are segmented by platform, ad set name, channel, and other factors.

Previous research has found that businesses' sales do not increase when their Super Bowl commercials run. New university research, on the other hand, reveals that Super Bowl advertising causes brief increases in web searches and word-of-mouth impressions.

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Say you own an asset that had a total return last year of 11.95 percent. If the inflation rate last year was 2.32 percent, what was your real return?

Answers

The real return last year was 9.63 percent.

Real return is calculated by subtracting the inflation rate from the total return.

In this case, 11.95 percent (total return) - 2.32 percent (inflation rate) = 9.63 percent (real return).

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy.

Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

After deducting taxes and inflation, an investment's real return is what was made. Real returns are less favourable than nominal returns, which do not account for inflation or taxes.

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assume that today is december 31, 2021, and that the following information applies to abner airlines: after-tax operating income [ebit(1 - t)] for 2022 is expected to be $600 million. the depreciation expense for 2022 is expected to be $110 million. the capital expenditures for 2022 are expected to be $375 million. no change is expected in net operating working capital. the free cash flow is expected to grow at a constant rate of 5% per year. the required return on equity is 15%. the wacc is 12%. the firm has $190 million of nonoperating assets. the market value of the company's debt is $4.092 billion. 100 million shares of stock are outstanding. using the corporate valuation model approach, what should be the company's stock price today? do not round intermediate calculations. round your answer to the nearest cent.

Answers

The current share price of the corporation should be $14.55.

The following steps can be used to estimate this utilising the corporate valuation model approach:

Calculating the free cash flow is the first step.

The money a company makes after deducting capital expenditures is known as free cash flow. This can be calculated using the formula below:

After-tax operating income plus depreciation costs less capital outlays equals free cash flow (FCF).

In response to this query, we have:

Free Cash Flow (FCF) = $600 + $110 - $375 = $375 million.

Step 2: Value of operations are calculated (Vo)

Vo=FCF÷(WACC-FCF growth rate)

= 375/ (12%-5%)

= 5357.14 million

Step 3: calculating the firm value

Vo plus non-operating assets equal a firm's value

= 5357.14 million + 190 million

=5547.14 million

Step 4: Value of equity calculation

= Firm value - Debt

= $5547.14 - $4092

=$1455.14 million

Step 5: Today's stock price per share calculation

= equity value divided by shares outstanding  

= 1455.14 ÷ 100 million

= $14.55

As a result, the stock price for the company today should be $14.55 a share.

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which of the following controls would most likely reduce the risk of diversion of customer receipts by a client’s employees?
(1) A bank lockbox system.
(2) Prenumbered remittance advices.
(3) Monthly bank reconciliations.
(4) Daily deposit of cash receipts.

Answers

Option (a), a bank lockbox system would probably reduce the likelihood that a client's staff would steal customer receipts.

What is a bank lockbox system?

Businesses can receive payments from customers by using the lockbox banking facility that banks provide as a service. The service directs customer payments to a specific post office box rather than to the company.

When you use a bank's lockbox service, you have access to one or more lockboxes, which are simply post office boxes that the bank can put up across the country so that your business can collect client checks or payments. Lockbox solutions enable businesses to receive money more quickly.

Who use a lockbox setup?

Lockboxes are available as retail or wholesale. Retail lockboxes are frequently utilized by companies that get a lot of small-dollar cheques. For instance, medical practices frequently receive a large number of postal checks in a range of amounts, based on the copays of the patients.

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l’oréal engages in _______ on mtv’s the hills: new beginnings by strategically featuring their makeup products being used by cast members to reach the product’s target markets.

Answers

l’oréal engages in product placement on mtv’s the hills: new beginnings by strategically featuring their makeup products being used by cast members to reach the product’s target markets.

What is product placement?

Product placement  can be described as the form of advertising  which is been usd by most of the company whereby the branded goods and services are featured in a production that targets a large audience.

It should be noted that the Product placement,  can  as well be described as the embedded marketing, because it can be seen as a marketing technique where references to specific brands or products are incorporated into another work, such as a film or television program, with specific promotional intent.

Therefore, it is one whereby  there is a strategically featuring  involving the makeup products being used by cast members to reach the product’s target markets.

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The process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements is referred to as:
A. incremental cash flows.
B. estimation and depreciation analysis.
C. pro forma analysis.
D. substitute and complement.

Answers

Pro forma analysis is the process of calculating projected future cash flows for a project utilizing only the pertinent balance sheet and income statement information.

Which of these describes the procedure for calculating a project's anticipated future cash flows?

The term "discounted cash flow" (DCF) refers to a method of valuation that calculates an investment's value based on its anticipated future cash flows. Using estimates of how much money an investment will make in the future, DCF analysis seeks to evaluate the value of an investment today.

Why do we estimate cash flows?

The process provides a framework for creating and implementing the best investing plans. Long-term investments' economic feasibility is assessed using cash flow forecasts. The money Through the use of discounted and non-discounted cash flow methodologies, project flows are estimated.

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The illness of which president led to his wife assuming some of his responsibilities and decision making?.

Answers

The illness of president Woodrow Wilson led to his wife assuming some of his responsibilities and decision making.

In December 1915, during Wilson's first term as president, she married the widower Wilson. Following President Wilson's severe stroke in October 1919, Edith Wilson played an important role in his administration.

Woodrow Wilson-Thomas Woodrow Wilson was an American politician and academic who served as the United States' 28th President from 1913 to 1921. Wilson, a Democrat, served as president of Princeton University and as governor of New Jersey before winning the presidential election in 1912.

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In the simple deposit expansion model, a decline in checkable deposits of $500 when the required reserve ratio is equal to 10 percent implies that the Fed:
A) sold $500 in government bonds.
B) sold $50 in government bonds.
C) purchased $50 in government bonds.
D) purchased $500 in government bonds.

Answers

If in the simple deposit expansion model, a decline in checkable deposits of $500 when the required reserve ratio is equal to 10 percent implies that the Fed: B) sold $50 in government bonds.

How to find the government bonds?

Using this formula to find the government bonds

Government bonds = Checkable deposits × Required reserve ratio

Where:
Checkable deposits = $500

Required reserve ratio = 10% or .10

Let plug in the formula

Government bonds =  $500 × .10

Government bonds =  $50

Therefore the correct option is B.

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below are the summarized statements of cash flows for two companies. based on the information discussed in class, which company has a stronger statement of cash flows? car corporation bus corporation net cash flows from operating activities 1,100 25,600 net cash flows from investing activities 2,700 (6,250) net cash flows from financing activities 4,200 (11,700) net change in cash $8,000 $7,650

Answers

Net change in cash $8,000 $7,650 has a stronger statement of cash flows.

The amount of money that flows into and out of a business is referred to as its cash flow .For businesses, sales bring in money, but they also have expenses. They might also make money from investments, royalties, licensing agreements, and interest. Additionally, they could provide things on credit with the promise of payment later. Evaluating the quantity, timeliness, and unpredictable nature of cash flows as well as their origins and destinations is one of the most important objectives of financial reporting. It is essential for figuring out an organization's liquidity, adaptability, and overall financial success. A company's ability to fulfill commitments, reinvest in its business, distribute earnings to shareholders, cover costs, and function as a safety net in case of impending financial troubles is indicated by positive cash flow.

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Net change in cash $8,000 $7,650 has a stronger statement of cash flows.

The amount of money that flows into and out of a business is referred to as its cash flow .For businesses, sales bring in money, but they also have expenses. They might also make money from investments, royalties, licensing agreements, and interest. Additionally, they could provide things on credit with the promise of payment later. Evaluating the quantity, timeliness, and unpredictable nature of cash flows as well as their origins and destinations is one of the most important objectives of financial reporting. It is essential for figuring out an organization's liquidity, adaptability, and overall financial success. A company's ability to fulfill commitments, reinvest in its business, distribute earnings to shareholders, cover costs, and function as a safety net in case of impending financial troubles is indicated by positive cash flow.

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When satisficing, a decision maker selects the best solution. True False

Answers

The decision-maker uses the satisficing strategy, choosing the first option that satisfies his or her minimum criteria of satisfaction. Hence the above mention statement is false .

What is Satisficing ?

A manager's values define his or her ethics and have an impact on the alternatives, choosing criteria, and performance measurements that are used in the decision-making process.

When making decisions, satisficing means aiming for an outcome that is acceptable or satisfactory rather than the best one. Satisficing focuses https://brainly.com/question/14925666on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result.

The satisficing decision-maker always choose the first option that pleases them, according to the satisficing decision-making paradigm. It might have nothing to do with the ideal answer.

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according to the pay scale college salary report, 2018, which of the following degrees have the highest median starting salaries?

Answers

Economics. It plays a significant role in how people make decisions. Even a trip to the grocery shop takes into account economics. And it is already a straightforward activity that aims to satisfy a person's basic needs and probably some wants.

Does economics require a lot of math?

You should take even more math if you're thinking about going to graduate school for economics. Economics Ph. D. programs anticipate students start the program with a solid background in mathematics because economics research frequently uses arithmetic.

Is a degree in economics regarded favorably?

Economics is the degree to choose if you want one that will actually be useful in the workplace. The study of wealth creation and distribution is essential for determining policies and managing corporations, governments, and other organizations.

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