IT controls were mandated in the public companies by Section 404, part of Sarbanes-Oxley act.
What are IT controls?Information technology controls, often known as IT controls in business and accounting, are particular actions taken by individuals or systems that are intended to guarantee the achievement of organizational goals. They are a part of an organization's internal control. Data availability, confidentiality, and integrity are all important aspects of IT control objectives, as is the general management of the business enterprise's IT function. The Information Technology Governance Council (ITGC) includes controls over the Information Technology (IT) environment, computer operations, access to programs and data, program development, and program updates. IT application controls, often known as "input-processing-output" controls, deal with transaction processing. A well-known framework created by the IT Governance Institute called COBIT (Control Objectives for Information Technology) outlines many ITGC and application control objectives as well as suggested evaluation techniques.
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See attached question.
The branded operating benchmarking data on p. 7 of each issue of the Footwear Industry Report showing the industry-low, industry-average, and industry-high values for operating profit per branded pair sold in each geographic region
o always merit close attention because when these benchmarks reveal that a company's operating profits are negative or unattractively small in one or more geographic regions, managers are well-advised to pursue immediate corrective actions in the upcoming decision round.
o are of considerable value to the managers of companies looking for strong evidence that their company needs to cut branded footwear prices in the internet and wholesale segments and/or spend more money on marketing efforts so as to increase branded sales and market share in one or more geographic regions.
o are most valuable to the managers of companies whose ROE was well below the reported ROE industry-average benchmark in one or more regions. have little-decision-making value because the benchmarking data do not identify which companies have the lowest/highest operating profit margins per branded pair sold.
o have the greatest value to the managers of companies whose market share outcomes were below the reported industry-average benchmark for market share in one or more geographic regions.
The branded operating benchmarking data shows that the profit A. always merit close attention because when these benchmarks reveal that a company's operating profit margins are negative or unattractively small in one or more geographic regions, managers are well-advised to pursue immediate corrective actions in the upcoming decision round
What is benchmarking?Benchmarking is the practice of comparing your company's data to that of other companies. Benchmarks are most useful when there is enough information in the data set to create useful peer groups based on organizational characteristics.
When these benchmarks reveal that a company's operating profit margins are negative or unattractively low in one or more geographic regions, managers are well-advised to pursue immediate corrective actions in the upcoming decision round.
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TRUE/FALSE. credit card companies can change the rules of the account if they give the borrower 45 days notice of the change.
TRUE: credit card companies can change the rules of the account if they give the borrower 45 days notice of the change.
A business credit card could come with more benefits than your personal cards, such as greater cash-back or frequent-flier points, waived baggage fees, access to airline lounges, and discounts on hotels and rental cars. A general cash-back rewards card can be the best option if you don't travel for business frequently. A credit card is an electronic payment method that can be used for both consumer and commercial operations, including cash advances and purchases.
A credit card often functions as a cash or check substitute and frequently offers an unsecured revolving line of credit. One of the most significant advantages of using a credit card is the ability to pay for your purchases in low-cost EMIs.
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3.If the pure expectations theory of the term structure is correct, whichof the following statements would be CORRECT?a.An upward sloping yield curve would imply that interest rates areexpected to be lower in the future.b.If a 1-year Treasury bill has a yield to maturity of 7% and a 2-yearTreasury bill has a yield to maturity of 8%, this would imply themarket believes that 1-year rates will be 7.5% one year from now.c.The yield on a 5-year corporate bond should always exceed the yieldon a 3-year Treasury bond.d.Interest rate price risk is higher on long-term bonds, butreinvestment rate risk is higher on short-term bonds.e.Interest rate price risk is higher on short-term bonds, butreinvestment rate risk is higher on long-term bonds
According to the hypothesis, an investor would make the same amount of interest by purchasing two consecutive one-year bonds as opposed to one two-year bond today.
With the use of a projection of future interest rates, the expectations theory tries to assist investors in making decisions. The theory predicts the rate for short-term bonds using long-term rates, often from government bonds.
According to the Pure Expectations Hypothesis, predicted future spot interest rates are equivalent to those that can be estimated today (from observed spot rates)..
If the yield to maturity of a 1-year Treasury bill is 7% and that of a 2-year Treasury bill is 8%, the market must expect that 1-year rates will be 7.5% in a year.
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A work order is a specification of work to be performed for a customer or a client.
a. true
b. false
A work order is a specification of work to be performed for a customer or a client.
Thus, the correct option is True.
Who is a customer?A customer is a person who purchases something from a seller, vendor, or supplier in exchange for money or another item of value in the fields of sales, business, and economics. These terms can also be used to refer to this person.
An individual or company that purchases goods or services from another company is known as a customer. Customers are important since they bring in money. Businesses would cease to exist without them.
Internal customers are individuals or teams who are involved in a company's regular activities. Typically, they belong to functional groups or personnel.
The people who desire to purchase a company's finished goods and services are often its external clientele, who differ from the internal activities of the business.
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trade-oriented sales promotions are directed at . multiple choice question. customers that are unhappy with your brand and are considering switching wholesalers, retailers, or distributors consumers that are aware of your brand but are not currently customers the manufacturer of the product
Trade-oriented sales promotions are directed at B. wholesalers, retailers, or distributors.
What are Trade-oriented sales promotions ?Trade-oriented sales promotion programs are aimed at the company's dealer network to compel them to promote the company's brand more than competing brands. It is sometimes referred to as a "push strategy," and it is aimed at the dealer network in order to encourage them to promote the brand to customers by giving it precedence over competing products.
In order to encourage volume sales, it may take the form of a product display, an additional case for every five cases ordered, cash discounts or straight cash payments, or it may be used to support a price reduction for customers. This is why it is directed at wholesalers, retailers, or distributors.
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When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate. True/False
The statement, "When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate." is true.
The amount a corporation must pay on a recurring basis to meet its pension costs is determined by actuaries using the actuarial cost approach. The cost approach and the benefit approach are the two primary formulas used to determine the payments. Both the actuarial financing approach and the actuarial cost method are terms for the same concept.
These methods take into account an employee's current pay, the number of years they have left before they retire and begin receiving benefits, the actuarial rate at which their pay grows, the portion of their final salary they will receive annually when they retire, and the likely number of years they will live to continue receiving those annual payments.
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exchanging unimproved land for a warehouse is a like-kind exchange.
Because both unimproved land and warehouses are real estate, trading one for the other is regarded as a like-kind exchange.
What is a warehouse?Warehouses are utilized by wholesalers, shipping businesses, manufacturers, importers, exporters, customs, etc. They are often large, uncomplicated buildings in industrial parks that are located on the outskirts of cities, towns, or villages. Warehouses frequently have docks for loading and unloading freight from lorries. For the purpose of loading and unloading cargo from trains, ships, and airplanes, warehouses can occasionally be designed expressly. They commonly use cranes and forklifts for moving things, which are frequently placed on ISO standard pallets before being loaded into pallet racks. The term "stored goods" refers to any materials used in manufacturing, production, or agriculture that are used as raw materials, packaging, spare parts, components, or finished goods. In India and Hong Kong, a warehouse is referred to as a "godown."
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Determine what punctuation rule is illustrated by the following sentence. I have never met someone who does his job so well; he is consistently professional.Use a semicolon to join closely related dependent clauses.Use a colon to separate items in a series.Use a semicolon to join closely related independent clauses.
Punctuation rule is illustrated by the sentence, Use a semicolon to join closely related independent clauses.
1. Parallelism Is Required for All Punctuation
This means that whenever a comma or a dash is used to break up a main clause, the same punctuation marks must be used both at the beginning and the end of the clause. It further implies that you cannot use a semicolon to distinguish between a single item in a list.
2. Every Clause Needs a Colon at the End
The main clause needs to end with a colon. A colon can be used to introduce a list, elaborate, or restate a sentence if it is already complete.
3. Semicolons Are Used to Emphasize Equally
In a compound sentence, a semicolon can be used in place of a coordinating conjunction to link two related independent clauses.
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A favorable material price variance ______.
may be due to price fluctuations
may be due to a quantity discount
may be based on the quality of the goods
is always a desirable result
A favorable material price variance may be due to price fluctuations.
Price variance is the actual unit fee of a purchased object, minus its popular price, elevated through the amount of real units bought. price variance is a important issue in finances education.
Price variance is a time period utilized in fee accounting which denotes the distinction among the expected price of an object and the real value at the time of purchase. The fee of an object is frequently laid low with the quantity of items ordered, and this is taken into consideration.
Modifications in expenses come from shifts in marketplace deliver, market call for, or each.
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each business unit and department should have a clear understanding of the of the whole firm and have a departmental that complements and aids the overall execution of the firm.
Each business unit and department should have a clear understanding of the of the whole firm and have a departmental Strategy that complements and aids the overall execution of the firm.
What do you mean by Departmental Strategy? Explain.A department or division's projects and actions that can help further develop the complete operations or areas of the business can be presented in a department strategic plan, an essential business document.
Departmental strategic plans give the department and its individual faculty members the framework to implement the higher-level institutional strategic visions through their existing and projected activities. An organizational chart for each department should be used to start and finish the strategic planning process.
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On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $_____ per year.The straight-line method is a time-based depreciation method that is the most popular because it is relatively easy to use. The depreciation expense each year will be the same.
On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $ 2000 per year.
Depreciation is a non-cash expense that represents decreases in the value of fixed assets as a result of usage, time, consumption, obsolescence, wear and tear, etc. It is displayed on the income statement's debit side.
The formula used to calculate depreciation
The cost using the straight line method is depicted as follows: = (Original Milling Machine Cost -
(Recovery value) + (expected useful life)
= ($15,000 - $2,000) ÷ (7 years)
= ($14,000) ÷ (7 years)
= $2,000
This approach uses the same depreciation rate for the entire remaining useful life.
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Just-in-time inventory assumes all of the following, except
1. Zero defects.
2. Resources will only be introduced as they are needed.
3. Just-in-time inventory presumes first-in, first-out costing.
4. Production of components only occurs only when requested further downstream in the manufacturing cycle.
Just-in-time inventory assumes all of the following, except just-in-time inventory presumes first-in, first-out costing. Hence, option (3) is relevant.
Give a brief account on just-in-time (JIT) inventory system.The just-in-time (JIT) inventory system is a management tactic that immediately connects supplier orders for raw materials with production schedules. By acquiring products only as they are required for the production process, which lowers inventory costs, businesses use this inventory approach to boost productivity and eliminate waste. With this strategy, producers must precisely forecast customer demand.
Efficiency is increased and inventory is reduced using the just-in-time (JIT) inventory system. JIT manufacturing techniques reduce inventory costs since manufacturers obtain the supplies and components they require for production when needed and do not incur storage expenses. If an order is canceled or not completed, manufacturers are also not left with extra inventory.
One example of a JIT inventory system is a car manufacturer that uses low levels of inventory but heavily relies on its supply chain to deliver the parts it needs to construct cars as they are needed. Because of this, the manufacturer only orders the parts needed to assemble the vehicles after receiving an order.
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Ryan received a bonus for excellent performance at work. He invested that bonus in shares of abc corporation. What type of income might ryan receive from this investment?.
Ryan will receive dividend from the shares he brought by his investment which is a passive form of income.
What is an investment?Making an investment entails using money now in the hopes that it will appreciate later. An investment is putting capital to use, such as time, money, effort, etc., with the hope of receiving a larger return than what was initially invested. The production of items utilised in the production of other things is referred to by economists as investment. This definition deviates from the common usage, which considers buying stocks or bonds (see stock market) to be investments. Everything that is used in the creation of consumer goods, including the machinery used in a factory to produce products, the structures used to house businesses, and the tools used by those firms to provide goods and services to customers, is referred to as the supply chain.
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Which of the following are employer payroll costs?
I. FICA taxes.
II. Federal and state unemployment taxes.
III. Federal and state income taxes.
IV. Employer contributions to a retirement plan.
Multiple Choice
I and IV
I, III, and IV
I, II, and IV
II and III
Boss finance costs Government and state joblessness charges, Manager commitments to a retirement plan.
Which one is included in the payroll taxes paid by the employer?Companies are responsible for paying employer payroll taxes, which include the Social Security tax, Medicare tax, federal unemployment tax, and state unemployment tax.
Which one is not included in the payroll taxes that the employer pays?State and federal income taxes. Although you, as the employer, deduct income taxes from your employee's wages, the employee is the only one who is responsible for paying them.
Which tax is paid solely by the employer?the main expenses that the business should settle are joblessness charges. The total gross earnings for the pay period are the basis for the amount entered for payroll tax expense. Both employers and employees are responsible for paying social security tax. The earnings of employees that the employer holds for payment become liabilities for the business.
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oligopolistic industries are characterized by
Oligopoly is a situation in which a small number of businesses dominate the market and are extremely concentrated. Firms' entry and exit are also restricted. As a result, oligopolistic industries have high barriers to entry and a small number of dominant companies.
What is an industry with oligopolies?A market with a small number of businesses that are aware that their pricing and output strategies are interdependent is known as an oligopoly. Each company has some market power because the number of firms is small enough.
What kinds of businesses are oligopolies?Oligopolies have existed in numerous industries throughout history, including the manufacturing of steel, oil, railroads, tire manufacturing, grocery store chains, and wireless carriers. Airlines and pharmaceuticals are two other industries with an oligopoly structure.
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which of the following provides security for datagram-based applications by allowing them a communication method designed to prevent eavesdropping, tampering, and message forgery?
DTLS Datagram Transport Layer Security provides security for datagram-based applications by allowing them a communication method designed to prevent eavesdropping, tampering, and message forgery
Datagram Transport Layer Security (DTLS) is a communications protocol that offers security to applications that use datagrams by enabling them to communicate in a way that guards against message forging, manipulation, and eavesdropping. Based on the stream-oriented Transport Layer Security (TLS) protocol, the DTLS protocol aims to offer comparable security assurances.
The DTLS protocol datagram preserves the semantics of the underlying transport; however, because it uses UDP or SCTP, the application must deal with packet reordering, datagram loss, and data that is larger than the size of a datagram network packet. As a result, the application does not experience the delays associated with stream protocols. When used to create a VPN tunnel, DTLS avoids the "TCP meltdown problem" by using UDP or SCTP instead of TCP.
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match the character of the asset with its use and holding period. ordinary ordinary drop zone empty. sec. 1231 sec. 1231 drop zone empty. short-term capital short-term capital drop zone empty. long-term capital long-term capital drop zone empty. Long-term Capital
Long-term Capital drop zone empty.
Asset used in trade or business, held one year or less
Asset used in trade or business held more than one year
Asset held for investment or used personally, held one year or less
Asset held for investment or used personally, held more than one year
The matching characters are given below:
Asset with its use and holding period.
Ordinary
--> Asset used in trade or business, held one year or less
Sec. 1231
--> Asset used in trade or business held more than one year
Short-term Capital-->
Asset held for investment or used personally, held one year or less
Long-term Capital
--> Asset held for investment or used personally, held more than one year
What are examples of long-term capital?Examples of long-term assets are:Tangible assets such as land, machinery, buildings, equipment and vehicles. Long-term investments such as stocks, bonds, and real estate, or investments in other companies. Trademarks, customer lists, patents.
What was LTCM's strategy?LTCM's main strategy was to make convergence trades. These trades involved finding securities that were priced incorrectly relative to each other, taking long positions in cheap stocks and short positions in the rich.
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which of the following product mix pricing strategies involves pricing multiple products to be sold together?
Product bundle pricing is the pricing strategy involving pricing multiple products to be sold together.
In marketing, a product is an object, system, or service made available to consumers according to their demand. It is everything we can offer to the market to meet the wants and needs of our customers.
In retail, products are often referred to as commodities, while in manufacturing, products are purchased as raw materials and sold as finished goods. Services are also considered product types. Commodities are typically commodities such as metals or agricultural products, but commodities are also widely available on the open market.
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Galt Industries has 50 million shares outstanding and a market capitalization of $1. 25 billion. It also has $750 million in debt outstanding. Galt Industries has decided to delever the firm by issuing new equity and completely repaying all the outstanding debt. Assume perfect capital markets. Suppose you are a shareholder in Galt industries holding 100 shares, and you disagree with this decision to delever the firm. You can undo the effect of this decision byA) borrowing $1500 and buying 60 shares of stock. B) selling 32 shares of stock and lending $800. C) borrowing $1000 and buying 40 shares of stock. D) selling 40 shares of stock and lending $1000
Answer: c
Explanation:
Answer: C
Explanation: C) share price = $1,250 million market cap / 50 million shares
= $25
number of new shares = $750 million / $25
= 30 million
You can undo the effect of this decision by borrowing $1500 and buying 60 shares of stock. Thus option A is correct.
What are shares?A share can also refer to something like a unit of an unit trust, a limited partnership, or a property investment trust. A share is a quantity of shareholdings in the financial assets of a firm. The term "share capital" describes all of an organization's shares.
50 million shares at their market price of $1.25 billion are valued at $25 each.
Since the market is good, a shift in working capital won't affect the share's price, therefore 30 million shares must be issued to pay off the debt
= $750 million / $25 per share
Galt has to issue 30,000,000 shares will be there present by the company. Therefore, option A is the correct option.
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Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,150,000 190,000 410,000 220,000 Suburban $950,000 140,000 330,000 190,000 Outlying $550,000 90,000 160,000 80,000 In addition to the expenses listed above, the company has $145,000 of common fixed expenses. Income-tax expense for the year is $345,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.
The preparation of the segmented income statement for Countywide Cable Services, Inc. is as follows:
Countywide Cable Services, Inc.
Segmented Income StatementFor the year ended December 31
Metro Suburban Outlying Total
Service revenue $1,150,000 $950,000 $550,000 $2,650,000
Variable expenses 190,000 140,000 90,000 420,000
Fixed Expenses:
Controllable 410,000 330,000 160,000 900,000
Controllable by others 220,000 190,000 80,000 490,000
Common fixed expenses 145,000
Total expenses $820,000 $660,000 $330,000 $1,955,000
Net operating income $330,000 $290,000 $220,000 $695,000
Income-tax expenses $345,000
Net income $350,000
What is a segmented income statement?A segmented income statement is the breakdown of the income statement into various segments.
Some of the business segments include:
Product lineLocationDepartmentSalespersonTerritory.Thus, preparing a segmented income statement enables management to monitor the performances of business units, understudy underperforming segments, and marshal improvement strategies.
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_____ primarily involves modifying programs to meet new business needs, but also debugging of errors that were not detected when testing the developed code.
Based on business strategy, and computer operation, Maintenance primarily involves modifying programs to meet new business needs but also debugging errors that were not detected when testing the developed code.
What is Maintenance in Computer OperationMaintenance is a term for computer operation that is used to describe the process of amending programs to serve the needs of new businesses.
Also, the act of maintenance in computer operation and business system involved troubleshooting errors that were not known when testing the developed code.
Other Maintenance operations include:Installing Current Operating System Updates Clearing the Cache in your Internet Browser(s) Maintaining Current Anti-Virus Software Maintaining Current Malware Protection Software.Hence, in this case, it is concluded that the correct answer is Maintenance.
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a company that has positive cash flows from its would most likely be able to generate enough cash to continue as a going concern.
A company that has positive cash flows from its operating activities would most likely be able to generate enough cash to continue as a going concern.
What is the operating activities in Cash flow?Under cash-flow statement, the operating activities refers to the activities of a company in producing and selling its product, generating revenues as well as general administrative and maintenance activities.
Typically, an operating activities section on statement of cash flows shows the inflows and outflows of cash resulting from a company's key operating activities. When a company have positive cash flows from its operating activities, then, this would most likely be able to generate enough cash to continue as a going concern.
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(B) The concept of derived demand of labor means that
supply for labor will increase from a demand for output. (incorrect)
demand for labor is created from a demand for a good or service
demand for labor is decreased from a demand for output.
A) The effects of a poverty trap can be reduced by ________.
limiting the number of participants in the program (Incorrect according to homework)
not imposing work requirements as a condition of receiving benefits
initially decreasing the government payments by smaller amounts
The concept of derived demand of labor means that B. Demand for labor is created from a demand for a good or service
The effects of a poverty trap can be reduced by C. initially decreasing the government payments by smaller amounts
What is derived demand?The term "derived demand" in economics refers to demand for a good or service that stems from demand for another, related, or distinct good or service.
The demand for that product or service is the only link between derived demand and a product's or service's ability to acquire or produce another good or service.
Derived labor demand means that as the demand for a good increases, so does the demand for labor required to produce the good. The impact of the poverty trap can be mitigated by decreasing government payments by a smaller amount as income rises.
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match the three forms of product advertisements with the correct description. pioneering pioneering drop zone empty. competitive competitive drop zone empty. reminder reminder drop zone empty. reinforces a consumers previous knowledge of a product tells people what a product is, what it can do, and where it can be found promotes a specific brand's features and benefits
Pioneering - tells people what the product is, what it can do, and where it can be found. Competitive-promotes a specific brand's feature and benefits Reminder-Reinforces a consumer's previous knowledge of a product.
In behavioral psychology, reinforcement is a effect carried out as a way to make stronger an organism's future behavior on every occasion that behavior is preceded through a particular antecedent stimulus. This strengthening effect may be measured as a higher frequency of behavior (e.g., pulling a lever extra frequently), longer period (e.g., pulling a lever for longer durations of time), more importance (e.g., pulling a lever with more force), or shorter latency (e.g., pulling a lever extra quick following the antecedent stimulus).
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Oligopolistic markets generally consist of a greater number of firms than monopolistically competitive markets. Select the correct answer below: True False
The answer is true. In oligopolistic markets, a small number of suppliers control the market. Every country has them, and they are used in a variety of industries.
Some oligopolistic markets are significantly more competitive than others, though this may only be the case on the surface. An oligopoly is characterised by high entry barriers, the ability to set prices, firm interdependence, maximised revenues, product differentiation, and non-price competition. Oligopolies market have existed throughout history in a wide range of sectors, including the production of steel, oil, railroads, tyres, grocery store chains, and wireless carriers. The pharmaceutical and aviation industries also have oligopoly structures.
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Which of the following materials may be displayed, distributed, or provided to consumers attending an educational event?a. Enrollment Guidesb. Plan-Specific Brochuresc. Enrollment Applicationsd. Agent business cards and lead cards
Enrollment Guides materials may be displayed, distributed, or provided to consumers attending an educational event.
The annual Open Enrollment Period was put into place to discourage adverse selection – which happens when sick people sign up for health insurance and healthy people do not. It greatly skews the amount of financial risk a health plan takes when insuring customers.
An online enrollment system benefits everyone in schools including learners, parents, and school admins. It streamlines the process, saves time and costs, allows for accurate and real-time tracking. At the end of the day, it contributes to a higher rate of enrollment and re-enrollment.
The Student Enrollment Application is used to enroll a student in a class or school and collects information about the student, parent and legal guardian.
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at december 31, the records of nortech corporation provided the following selected and incomplete data: common stock (par $1; no changes during the current year). shares authorized, 500,000. shares issued, ?; issue price $22 per share. common stock account, $200,000. shares held as treasury stock, 3,000 shares, cost $20 per share. net income for the current year, $147,750. dividends declared and paid during the current year, $49,250. retained earnings balance, beginning of the year, $155,000.
The number of shares authorized to Nortech Corporation, is 500, 000 shares.
The shares issued by Nortech Corporation is 200, 000 shares.
The shares outstanding from the shares issued is 197, 000.
How to find the issued shares?The number of shares that were authorized to be issued by Nortech Corporation is shown in the question to be 500, 000 shares. The authorized shares are the amount of shares that a company might have in total, based on their corporate charter.
The number of shares issued is the shares that Nortech Corporation decided to place into the market, from the authorized share capital.
The number of issued shares is:
= Value of common stock account / Par value of stock
= 200, 000 / 1
= 200, 000 shares
The number of shares outstanding is:
= Issued shares - Treasury stock
= 200, 000 - 3, 000
= 197, 000 shares
The rest of the question is:
Find the following figures:
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Identify the options for accelerating a project schedule when resources are constrained or the budget is severely constrained:
1. Reducing project scope
2. Phase project delivery
3. Critical-chain
4. Compromise quality
1. Reducing project scope
3. Critical-chain
4. Compromise quality.
These are the options for accelerating a project schedule when resources are constrained or the budget is severely constrained.
The term "critical chain" means what?The Critical Chain is "the longest path in the schedule, including activity dependency and resource limits." This means that the CCPM analyzes the schedule to identify the tasks that, if postponed, will push back the project's completion date.
What is the critical chain's main focus?A project management methodology called critical chain project management (CCPM) enables you to prioritize related tasks and keep track of crucial resources so that you can complete projects as quickly as feasible.
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When resources are limited or the cost is severely restricted, a critical-chain method is used to accelerate the project timetable.
What does the term "critical chain" mean?The Critical Chain is the path in the schedule and takes resource limits and activity interdependence into account. This means that CCPM analyzes the schedule to identify the tasks that, if prolonged, will push back the project's completion date.
Why is the critical chain crucial?You can finish projects more quickly because of it. It helps project managers concentrate better. It improves scheduling accuracy and enables you to make the best use of the available resources. It avoids improper float/slack management. In order to accomplish projects as quickly as possible, critical chain projects let you rank dependent tasks while also maintaining track of crucial resources.
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A correct statement about transaction brokers is that they:a) represent both the buyer and the sellerb) represent neither the buyer nor sellerc) are required to disclose confidential infod) they conduct transactions without an active Real Estate license
A correct statement about transaction brokers is that they:
b) Represent neither the buyer nor seller.
Who is a transaction broker?A transaction broker refers to the third party in a real estate transaction. one notable fact about transaction brokers is the fact that they do not represent the buyer or the seller.
Their only function is to be impartial as they provide useful information that will help the parties reach a reasonable conclusion on the subject matter in question. The transaction broker is a licensed professional and he ensures that the parties stick to the governmental regulations.
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Both buyers and sellers are price takers in a perfectly competitive market because
each buyer and seller is too small relative to others to independently affect the market price.
the price is determined by government intervention and dictated to buyers and sellers.
both buyers and sellers in a perfectly competitive market are concerned for the welfare of others.
each buyer and seller knows it is illegal to conspire to affect price.
Both buyers and sellers are price takers in a perfectly competitive market because each buyer and seller is too small relative to others to independently affect the market price. (first option).
What is a perfectly competitive market?A perfectly competitive market is a market where there are many buyers and sellers of goods and services that are considered to be homogenous. For example, the market for apples is an example of a perfectly competitive market.
In a perfectly competitive market, the buyers and sellers are price takers. This means that they accept the price that has been set by market forces. Buyers and sellers are price takers because if a seller charges a different price, there are many other sellers that consumers can patronise.
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