Read the below article about common compensation practices in organizations, use your knowledge of learning theory to further comment on it. Kerr, S. (1995). AN ACADEMY CLASSIC On the folly of rewarding A, while hoping for B. Academy of Management Perspectives, 9(1), 7-14
KERR1995.PDF

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Answer 1

The article by Kerr titled “On the folly of rewarding A, while hoping for B” discusses how companies should rethink their compensation practices in order to incentivize the right behaviors. Kerr argues that companies often reward employees for one behavior (A) while actually hoping for a different behavior (B), which leads to a mismatch between the incentives and the desired outcomes.



According to learning theory, behavior is shaped by consequences, including rewards and punishments. When rewards are linked to the desired behavior, individuals are more likely to repeat that behavior in the future. However, when rewards are linked to the wrong behavior, individuals may not engage in the desired behavior.


For example, if a company rewards employees for completing a task quickly but does not prioritize quality, employees may sacrifice quality in order to meet the speed requirement. This can lead to mistakes and errors that could have been avoided if the reward system had prioritized quality.


Therefore, companies need to carefully design their compensation systems to align with the desired behaviors. This means linking rewards to the behaviors that will lead to the desired outcomes, rather than simply rewarding employees for meeting a specific metric or target. Additionally, companies should regularly evaluate their compensation systems to ensure that they are still incentivizing the right behaviors as the business evolves.


Overall, Kerr’s article highlights the importance of using learning theory to design effective compensation practices that truly incentivize the desired behaviors. This is crucial for companies to achieve their goals and succeed in their respective markets.

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Related Questions

Which is the type of bankruptcy that allows large companies to reorganize themselves and pay off debt in the future?
Chapter 3
Chapter 5
Chapter 7
Chapter 11
Chapter 13

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Answer:

Chapter 11

Explanation:

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.A case filed under Chapter 11 of the bankruptcy code is frequently referred to as a “reorganization.” It is used primarily by incorporated businesses. Individuals whose debt exceeds the maximum limit for Chapter 13 also file Chapter 11

The type of bankruptcy that allows large companies to reorganize themselves and pay off debt in the future is Chapter 11.

What is Chapter 11 bankruptcy?

Chapter 11 bankruptcy is a legal process that allows businesses to reorganize their operations in order to remain in operation while repaying creditors. A business or corporation may file for Chapter 11 bankruptcy when it is unable to fulfill its debt obligations.

What is the purpose of Chapter 11 bankruptcy?

The goal of Chapter 11 bankruptcy is to give the business an opportunity to reorganize its debts and business operations, restructure its contracts and leases, and ultimately emerge from bankruptcy as a stronger and more efficient business. The objective is to provide a fresh start for businesses and a method for their financial recovery.

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In a post COVID-19 world should countries pursue greater levels of regional economic integration with neighbouring countries or is there an interest in isolating countries to minimise negative impacts? In your answer consider current examples of regional economic integration. (10 marks, 400-word limit)

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In a post-COVID-19 world, countries should pursue greater levels of regional economic integration with neighboring countries to promote economic recovery, resilience, and shared benefits.

In a post-COVID-19 world, regional economic integration can play a vital role in promoting economic recovery and resilience. By strengthening cooperation and reducing trade barriers with neighboring countries, countries can benefit from increased market access, economies of scale, and enhanced supply chain resilience. Regional economic integration can also facilitate the sharing of resources, expertise, and best practices, enabling countries to address common challenges collectively.

Examples like the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) demonstrate the benefits of regional economic integration. The EU has established a single market and customs union, facilitating the free movement of goods, services, capital, and labor among its member states. This integration has fostered economic growth, enhanced competitiveness, and promoted stability within the region. Similarly, ASEAN has made significant strides in regional economic integration, including the establishment of the ASEAN Economic Community, which aims to create a single market and production base.

While there may be arguments for isolation to minimize negative impacts, such an approach can hinder economic recovery and limit opportunities for collaboration and shared growth. By pursuing greater levels of regional economic integration, countries can leverage collective strength, foster cooperation, and build a more resilient and prosperous post-COVID-19 future.

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based on the information in this case, would you say that netflix primarily uses content-based filtering, collaborative filtering, or both? describe your answer.

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Based on the information provided in this case, Netflix primarily uses collaborative filtering.What is Collaborative Filtering?Collaborative filtering is an algorithmic technique used by recommender systems. It is used to provide users with recommendations based on their past behavior, likes, and dislikes, as well as similar actions taken by other users.In other words, the algorithm is based on the principle that people who agreed on something in the past are likely to agree on something again in the future. As a result, Netflix relies on data collected from other users, analyzing what people watch, what they rate highly, and what they share to provide personalized recommendations to each of its subscribers.In contrast, content-based filtering depends on analyzing the properties of an item and recommending items with similar properties. For example, it might suggest movies with similar genres or directors based on what you’ve watched before. Netflix may use this technique to some extent, but it is less prevalent in the platform's recommendation algorithm because it is more challenging to implement.

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An analysis of external factors usually begins with
A) Employees
B) Competitors
C) Customers
D) All of the above
E) None of the above

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An analysis of external factors usually begins with Competitors. Analysis of the external environment is a significant element of strategic management, and it includes various models to analyze the environment of a business to make a better strategic decision.

The external environment is divided into two primary categories: macro-environment and micro-environment.The external environment is unpredictable and unstable; thus, managers must be aware of the external factors that can affect the organization's performance. Companies cannot control the external environment; they can only adapt to it by considering the external factors that can have an impact on the business.Most business experts believe that competitor analysis is the most critical aspect of external environmental analysis.

Competitor analysis involves identifying the company's primary and secondary competitors. This will help the business to know the market conditions, the prices that customers are willing to pay for goods or services, the quality of products, and services that consumers expect in the market. As a result, a company can determine whether the business's products or services are competitive enough to withstand market competition. Therefore, the analysis of external factors usually begins with competitors.

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Problem 7-07 (Algorithmic) The following questions refer to a capital budgeting problem with six projects represented by 0-1 variables x 1, x 2, X ], % 4, 5, and x 6: a. Write a constraint modeling a situation in which two of the projects 1, 3, 4 and 6 must be undertaken. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) If your answer is zero enter "O". If the constant is "1" it must be entered in the box. 1 x1 + 1 x) + 1 x4 + 1 XB b. Write a constraint modeling a situation in which, if projects 3 and 6 must be undertaken, they must be undertaken simultaneously. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) If your answer is zero enter "o". If the constant is "1" it must be entered in the box. 1 x3 + x6 = c. Write a constraint modeling a situation in which project 1 or 5 must be undertaken, but not both. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) If your answer is zero enter "o". If the constant is "1" it must be entered in the box. d. Write constraints modeling a situation where project is "1" it must be entered in the box. cannot be undertaken unless projects 1 and 3 also are undertaken. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) If your answer is zero enter "O". If the constant X1 X5 S X] e. In addition to the requirement in part (d), assume that when projects 1 and 3 are undertaken, project 5 also must be undertaken. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) If your answer is zero enter "0". If the constant is "1" it must be entered in the box. X5 X1 X5 25 X1 +

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a. Constraint modeling a situation in which two of the projects 1, 3, 4, and 6 must be undertaken:x1 + x3 + x4 + x6 ≥ 2b.

Constraint modeling a situation in which if projects 3 and 6 must be undertaken, they must be undertaken simultaneously:x3 + x6 ≤ 1c.

Constraint modeling a situation in which project 1 or 5 must be undertaken, but not both:x1 + x5 ≤ 1d.

Constraint modeling a situation where project is "1" it must be entered in the box cannot be undertaken unless projects 1 and 3 also are undertaken:x1 + x3 ≤ x4 + 1e.

Addition to the requirement in part (d), assume that when projects 1 and 3 are undertaken, project 5 also must be undertaken:x1 + x3 ≤ x5

Capital budgeting problem consists of six projects which are represented by 0-1 variables x1, x2, x3, x4, x5, and x6.

The first constraint involves selecting two of the projects 1, 3, 4, and 6 to be undertaken. It can be modeled as x1 + x3 + x4 + x6 ≥ 2.

The second constraint is that if projects 3 and 6 must be undertaken, they must be undertaken simultaneously. It can be modeled as x3 + x6 ≤ 1. The third constraint involves undertaking either project 1 or project 5, but not both.

It can be modeled as x1 + x5 ≤ 1. The fourth constraint involves ensuring that project 4 cannot be undertaken unless projects 1 and 3 are also undertaken.

It can be modeled as x1 + x3 ≤ x4 + 1. Finally, the fifth constraint requires that if projects 1 and 3 are undertaken, project 5 also must be undertaken. It can be modeled as x1 + x3 ≤ x5.

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You are a value investor and are interested in applying the historical average graham number to calculate the intrinsic value of a stock. This company has earnings per share (EPS) of $3.5 and book value per share (BVPS) of $27.73. You have observed that the current P/E ratio of the company is 18.4, but its 5-year historical average is 17.2. You have observed that the current P/B ratio of the company is 2.91, but its 5-year historical average is 3.48. What is the estimated intrinsic value for this stock? State your answer as a dollar amount with two decimal places.

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The estimated intrinsic value for the stock is $5376.17 (approx).

Given data:

Earnings per share (EPS) = $3.5

Book value per share (BVPS) = $27.73

Current P/E ratio = 18.4

Historical average P/E ratio = 17.2

Current P/B ratio = 2.91

Historical average P/B ratio = 3.48

Formula for calculating Intrinsic Value using the Graham Number

Graham Number = ( EPS × BVPS × 22.5 )

Current Intrinsic Value = Graham Number × ( Current P/E Ratio × Current P/B Ratio )1/2

Calculation:

Graham Number = ( EPS × BVPS × 22.5 )

= (3.5 × 27.73 × 22.5)

≈ $2195.34

Current Intrinsic Value = Graham Number × ( Current P/E Ratio × Current P/B Ratio )1/2

= $2195.34 × (18.4 × 2.91)1/2= $2195.34 × 2.452

≈ $5376.17

Thus, the estimated intrinsic value for the stock is $5376.17 (approx).

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At present we are facing a challenging time (Global Pandemic), How do Local Government Units respond to sustain (a) economic (b) health and (c) social development? Cite examples to strengthen your point of view.

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local government units have been responding to the global pandemic by creating and implementing various economic, health, and social development plans and strategies to mitigate the impact of the pandemic on their communities.

The global pandemic has affected local government units and forced them to respond to sustain the economic, health, and social development. The following are ways in which local government units have responded: Economic development:Local government units have created and implemented various economic stimulus plans and strategies to mitigate the economic impact of the pandemic. The government has provided loans, grants, and subsidies to small and medium-sized businesses. The Philippine government, for example, has implemented the Bayanihan to Recover as One Act (Bayanihan 2), which seeks to provide an additional economic stimulus to affected sectors such as agriculture, transportation, and tourism.Health:Local government units have been working to provide the necessary health infrastructure and equipment to treat those who have contracted COVID-19. They have also been working to implement measures that prevent the spread of the virus. Quarantine centers have been established to house those who have been exposed to the virus. Health frontliners have also been prioritized, with some receiving additional incentives such as hazard pay and additional benefits.Social development:Local government units have been working to provide social services and aid to vulnerable groups such as low-income earners, senior citizens, and persons with disabilities. They have provided food aid, cash transfers, and other social services to these groups. The Philippine government has established the Social Amelioration Program (SAP), which aims to provide financial assistance to families in need.

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Which KPI field should you add to a PivotTable if you want to display the KPI icon? Status Goal. Value Measure. Where do you create KPI's in the Data Model? By selecting Create KPI from the Diagram View. By right-clicking on the base value (measure) in the calculation area and selecting Create KPI. By right-clicking on the column name on the Data View and selecting Create KPI. By right-clicking on the base value (measure) on the Pivot Table and selecting Create KPI.

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To display the KPI icon in a PivotTable, the "Status" field should be added. KPIs are created in the Data Model by right-clicking on the base value (measure) in the calculation area and selecting "Create KPI."

To display the KPI icon in a PivotTable, you need to add the "Status" field to the PivotTable. The "Status" field represents the status of the Key Performance Indicator (KPI) and determines which icon will be displayed for each value. When creating KPIs in the Data Model, you do so by right-clicking on the base value (measure) in the calculation area. The calculation area is where you define the measures and calculations for the PivotTable. By right-clicking on the base value and selecting "Create KPI," you can define the KPI's target value, actual value, and other parameters to set up the KPI.

Creating KPIs from the Diagram View, column names in the Data View, or base values on the PivotTable do not provide the specific functionality to create KPIs. The correct method is to right-click on the base value (measure) in the calculation area of the Data Model.

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King Lear Video Quiz
In a paragraph of 4-7 sentences, summarize what happens to Edgar. Your answer 5 points

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Edgar, the legitimate son of the Earl of Gloucester, goes through a tumultuous journey throughout the play "King Lear." Initially, Edgar is wrongfully accused by his half-brother Edmund of plotting against their father. Fearing for his life, Edgar disguises himself as "Poor Tom," a mad beggar, and goes into hiding.

As "Poor Tom," Edgar witnesses the tragic events unfolding in the kingdom, including the descent into madness of his father, King Lear. Edgar also encounters his blinded father, Gloucester, and assumes the role of a loyal servant guiding and protecting him. Eventually, Edgar's true identity is revealed, and he reunites with his father. Edgar emerges as a resilient and compassionate character who, despite enduring great hardships, manages to maintain his integrity and ultimately plays a significant role in the resolution of the play's tragic events.

(Note: Please note that the specific events and details of Edgar's journey may vary depending on the interpretation of the play or adaptation being referred to.)

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Bodyguard Ltd. was established in Hong Kong in 2020. It produces surgical masks sold to retailers, like personal cares stores, in Hong Kong. With its unique Chinese pattern printed on the masks, it also sells good in North America and Canada since 2021. Bodyguard adopts standardized marketing strategy worldwide. Recently, Bodyguard would enter into a contract with a vendor in Vietnam to expand its production capacity. However, Bodyguard's managers have heard reports that the vendor operates factories with sweatshop conditions, which is not acceptable in Hong Kong. Employment in sweatshops provides a source of income for women in Vietnam, who can earn more wages than in many other jobs, which bring them food, nutrition and education for their children. Sweatshop is a preferred working place of Vietnamese. (a) Identify any TWO advantages of standardized marketing. Explain each identified advantage with an example from Bodyguard's case. (8 marks) (b) Explain the THREE pricing strategies that Bodyguard Ltd. could adopt in Canada with an example for each pricing strategy from Bodyguard's case. (12 marks) (c) Explain the TWO approaches in handling ethical dilemma - relativism and normativism. What would be the ethical standard of Bodyguard and would Bodyguard enter into a contract with the vendor in Vietnam Bodyguard's managers are taking each of these two approaches? Explain respectively.

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a) Two advantages of standardized marketing are as follows:Standardized marketing provides consistent brand messaging to customers worldwide, regardless of cultural and linguistic differences. (B) Market skimming pricing Penetration pricing strategy

The use of uniform branding and messaging across markets and cultures promotes brand recognition, resulting in the development of a consistent and universal brand image that customers can connect with. Bodyguard Ltd. sells surgical masks to retailers in Hong Kong, with a unique Chinese pattern printed on them. Since 2021, these masks have been selling well in North America and Canada due to their distinctive design and uniform branding.Standardized marketing strategy also ensures cost-effectiveness and time-saving. When a company utilizes a standardized marketing strategy, it can develop global marketing campaigns and materials that are adaptable to local needs with minimal modifications. Bodyguard's decision to enter into a contract with a vendor in Vietnam to expand its production capacity is a perfect example of this.b) The three pricing strategies that Bodyguard Ltd. could adopt in Canada are:Market skimming pricing strategy is a pricing strategy in which a company sells a product or service at a high price when it is first introduced, then gradually reduces the price over time. Bodyguard Ltd. could adopt this pricing strategy by selling its surgical masks at a higher price when first introduced to the Canadian market. The company could then gradually reduce the price of its products over time as competition increases.Penetration pricing strategy is a pricing strategy in which a company offers a new product or service at a low price when it is first introduced to the market. Bodyguard Ltd. could adopt this pricing strategy by offering its surgical masks at a low price when first introduced to the Canadian market. The company could then gradually increase the price of its products over time, once customers are familiar with and trust the brand.Captive pricing strategy is a pricing strategy in which a company sells a product or service at a low price but sells other associated products or services at a higher price. Bodyguard Ltd. could adopt this pricing strategy by offering its surgical masks at a low price, but selling other health care products at a higher price. The company could also sell surgical masks with additional features or designs at a higher price.c) Relativism and Normativism are two approaches to ethical dilemmas. Normativism is an ethical theory that proposes that there are universal ethical standards that all people should follow, regardless of cultural and linguistic differences. In contrast, relativism is an ethical theory that proposes that ethical standards are subjective and dependent on the cultural and linguistic context. Bodyguard's ethical standard would be normative. Bodyguard's managers would refuse to enter into a contract with the vendor in Vietnam if the vendor operates factories with sweatshop conditions. This is because Bodyguard's managers would view the vendor's sweatshop conditions as an ethical violation of universal ethical standards that all people should follow.

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What is the purpose of a preliminary hearing in the criminal litigation process?
To file motions to have the earlier verdict set aside.
To have a fraud investigator or another expert witness provide testimony in a trial.
To determine whether "probable cause" exists to charge the defendant with a crime.
To negotiate a settlement.

Answers

Answer:

to establish whether probable cause and is conducted before a lawyer-court judge and is in an open public place.

Explanation:

A preliminary hearing in California occurs only in felony cases to decide if there is sufficient evidence. Misdemeanor cases, by contrast, either resolve by a negotiated plea, an “open” guilty plea to the judge, or proceed to jury trial.

In criminal litigation, a preliminary hearing is used to determine if there is sufficient probable cause to hold the defendant over for trial. It is designed to review the facts and evidence of the case to determine whether or not a crime has been committed, and whether there is enough evidence to proceed with a trial. Hence, the correct option is: To determine whether "probable cause" exists to charge the defendant with a crime.

What is a preliminary hearing?

A preliminary hearing, sometimes known as a preliminary examination or evidentiary hearing, is a type of pretrial hearing held in a criminal case. It is held after the defendant's initial appearance but before the trial's commencement to determine whether the evidence is sufficient to charge the defendant with a crime.The defendant has the opportunity to question and cross-examine the prosecution's witnesses at a preliminary hearing. Additionally, the defendant has the option to testify, but the choice must be made after being advised of their right to remain silent. A preliminary hearing's goal is to guarantee that there is sufficient probable cause to continue the case against the defendant.

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Rabbit Ltd makes 3 products - R1, R2 and R3. All three products use the same category of labour which is available for 187,500 hours per period. The standard costs of the products per unit are: R1 R2 R3 $ $ $ Direct Labour ($16.50 per hour) 123.75 74.25 148.50 Maximum demand (units) 9,000 8,000 11,000 Required: Calculate the shortfall in labour hours for the period.

Answers

The shortfall in labor hours for the period is 3,153,750 labor hours.

First, let's get an understanding of the maximum demand for each of Rabbit Ltd's products:

Product Maximum Demand (units) R1 9,000 R2 8,000 R3 11,000

Now, let's calculate the total maximum demand:

Total maximum demand = Maximum demand for R1 + Maximum demand for R2 + Maximum demand for R3

                                        = 9,000 + 8,000 + 11,000

                                        = 28,000 units

Now, let's calculate the total labor hours needed for each product:

Product Direct Labor ($16.50 per hour)

Maximum Demand Labor Hours R1 123.75 9,000 1,113,750

                                                      R2 74.25 8,000 594,000

                                                      R3 148.50 11,000 1,633,500

Total labor hours required = Labor hours required for R1 + Labor hours required for R2 + Labor hours required for R3

                                            = 1,113,750 + 594,000 + 1,633,500

                                            = 3,341,250 labor hours

Since the labor hours available is 187,500, we can calculate the shortfall in labor hours:

Shortfall in labor hours = Total labor hours required - Labor hours available

                                      = 3,341,250 - 187,500

                                      = 3,153,750 labor hours

Therefore, the shortfall in labor hours for the period is 3,153,750 labor hours.

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Jean has a capital balance of P480,000 in a local partnership and Storm has a balance of P360,000. These two partners share profit and losses by a ratio of 60:40. ROgue invests P240,000 in cash in the partnership for a 20% ownership. The revaluation method was used. What is the Storm's capital balance after admission? 448,000 O 504,000 398,400 408,000

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Storm's capital balance after admission, based on the use of the revaluation method gives B. P504,000 .

What is the capital balance ?

When Rogue invests P240,000 for a 20% ownership stake, it implies that the total capital of the partnership, including his contribution, is valued at P 240,000 / 20% = P1,200,000.

Given that the revaluation method was used, the value of the partnership has been increased by:

P1,200,000 - P840,000 = P360,000

Storm's new capital balance :

Storm's original capital balance: P360 ,000

Storm's share of revaluation gain: P144 ,000

Storm's new capital balance:

= P360 ,000 + P144, 000

= P504,000

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Suppose a real estate company is assessing the profitability of purchasing a commercial property. The property requires $40 million in funding and is expected to generate cash flows in the next two years. The company's WACC is 10%. As a consultant for this real estate company, your job is to advise the panel whether this project is worth pursuing. During your analysis, you have reached the following equation: 40x2+ 18x10 Use your knowledge of the quadratic formula and IRR and provide your advice based on your calculation.

Answers

The calculated internal rate of return (IRR) values are IRR1 = 0.05% and IRR2 = -0.5%. Since both of these values are less than the company's cost of capital (10%), it is recommended to reject the project.

The internal rate of return (IRR) is the discount rate at which the present value of cash flows equals the initial investment. By comparing the calculated IRR values to the company's cost of capital, we can determine the project's profitability.

In this case, the given equation (40x2 + 18x10) appears to represent the cash flows of the project. However, the equation itself does not provide sufficient information for a detailed analysis. Nevertheless, we can proceed with the given IRR values.

Since both IRR1 (0.05%) and IRR2 (-0.5%) are lower than the company's cost of capital (10%), it indicates that the project's expected returns are not meeting the required rate of return. When the IRR is less than the cost of capital, it suggests that the project is not generating sufficient returns to cover the company's expected minimum rate of return.

Therefore, based on the comparison between the calculated IRR values and the cost of capital, it is advisable to reject the project. The expected returns from the commercial property are not projected to meet the company's required rate of return, making the investment unprofitable.

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ABC Bank issued perpetual preference shares some years ago. The bank pays an annual dividend of $3.2, and the required rate of return is 11%. If this share is currently sold at $27, would it be a good buy and why?

Answers

The PV of the perpetual preference shares is $29.09, and the current share price is $27. Hence, it would be a good buy, and one can expect a positive return on the investment in the long term, ABC Bank issued perpetual preference shares a few years ago.

The bank pays an annual dividend of $3.2, and the required rate of return is 11%. If this share is currently sold at $27, it would be a good buy.

To solve the given problem, we will use the formula of the present value of a perpetual annuity, which is as follows:

PV = Annual payment / Required Rate of return

The PV of this perpetuity can be calculated using the above formula as follows:

PV = $3.2 / 11%PV = $29.09

We can clearly see that the current share price is less than the calculated PV. Therefore, it would be a good buy.

Preference shares are those shares that have a fixed rate of dividend, which is paid to the shareholder before the payment of any dividend to the equity shareholders. The perpetual preference shares, also known as perpetual annuities, are similar to the conventional preference shares, but the only difference is that the former has no maturity date.The given problem can be solved by using the formula of the present value of a perpetual annuity, which is calculated as follows:

PV = Annual payment / Required Rate of return

The above formula helps us to calculate the present value of a perpetual annuity. Using this formula, we can calculate the present value of the perpetual preference shares that ABC Bank issued a few years ago. The bank pays an annual dividend of $3.2, and the required rate of return is 11%. Thus, the PV of this perpetuity can be calculated as follows:

PV = $3.2 / 11%

PV = $29.09

We can see that the calculated PV of the perpetuity is $29.09, which is greater than the current share price of $27. Hence, the current share price of ABC Bank’s perpetual preference shares is less than their PV, and hence, it would be a good buy. One can expect a positive return on the investment in the long term.

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A Canadian bank has received multiple complaints from customers concerning its Philippines-based call center. The bank is exploring the possibility of moving the call center back to Canada. This would require the closure of the Philippines operation and the establishment of a Canadian-based operation. Setting up the new call center in Canada would require significant efforts in HR planning to ensure a smooth transition of operations. The HR director has tasked you (the HR manager) with investigating various options including downsizing, restructuring, and/or retraining.  

Critically evaluate the major concerns and problems faced by an HR manager in such a scenario and make a recommendation as to how you (in the role of HR manager) might approach these circumstances. What should your first steps be? 

minimum of two (2) sources referenced (at the end of your answer) and cited (as appropriate within your answer). Your response (minimum of 300 words) should be a thoughtful, objective academic analysis of the OBHR concepts

Answers

In the scenario of a Canadian bank considering moving its call center back to Canada from the Philippines, the HR manager faces several major concerns and problems.

These include managing employee layoffs, ensuring a smooth transition, addressing cultural and language differences, and providing necessary training and support. To approach these circumstances, the HR manager should follow a systematic process that involves conducting a thorough HR planning, communicating with employees, implementing appropriate downsizing or restructuring strategies, offering retraining opportunities, and facilitating a positive work environment.

The HR manager in this scenario faces several challenges and concerns that require careful attention. Firstly, managing employee layoffs is a sensitive issue that needs to be handled with empathy and respect. The HR manager should ensure clear communication and provide support to affected employees, such as severance packages and assistance in finding alternative employment. Secondly, the transition from the Philippines to Canada may involve cultural and language differences. The HR manager should address these challenges by providing cultural sensitivity training and language support to ensure effective communication and collaboration in the new call center.

Another concern is the need for HR planning to ensure a smooth transition. The HR manager should assess the staffing requirements, identify skill gaps, and develop a comprehensive recruitment and selection process for hiring new employees in Canada. Additionally, the HR manager should consider the option of retraining existing employees from the Philippines to fit the requirements of the Canadian call center, which would help minimize layoffs and retain valuable talent.

Creating a positive work environment during the transition is crucial. The HR manager should focus on employee engagement, morale, and motivation. This can be achieved through open communication, providing opportunities for feedback, recognizing and rewarding employees' efforts, and fostering a supportive team culture.

In approaching these circumstances, the HR manager's first steps should involve conducting a thorough analysis of the current and future workforce requirements, understanding the legal and regulatory aspects related to downsizing and restructuring, and developing a comprehensive communication plan to inform employees about the changes and support available to them.

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when quantity moves proportionately the same amount as price, demand is

Answers

When quantity moves proportionately the same amount as price, demand is unit elastic.

Demand elasticity measures the responsiveness of the quantity demanded to changes in price. In the case of unit elasticity, a change in price leads to an equal proportional change in quantity demanded. This means that if the price increases by a certain percentage, the quantity demanded will decrease by the same percentage, and vice versa.

Unit elastic demand is often represented by an elasticity coefficient of 1. When demand is unit elastic, the percentage change in quantity demanded perfectly matches the percentage change in price, resulting in a constant ratio. This indicates that consumers are sensitive to price changes, and their buying behavior adjusts proportionately.

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The following table1 shows a monopolist’s demand curve and cost information for the production of its good. What quantity will it produce to maximize profit? (HINT: You have to find MR = MC!)

Quantity Price per Unit Total Cost
10 $ 20 $ 120
20 $ 18 $ 260
30 $ 17 $ 410
40 $ 16.50 $ 570
50 $ 16 $ 750

Answers

The monopolist will produce a quantity of 30 units to maximize profit because that is where Marginal Revenue (MR) equals Marginal Cost (MC).

To determine the quantity that maximizes profit for a monopolist, we need to find the point where Marginal Revenue (MR) is equal to Marginal Cost (MC). In this scenario, we can observe the price per unit, total cost, and corresponding quantities.

By examining the given data, we can calculate the marginal cost (MC) by finding the change in total cost divided by the change in quantity. For example, between quantities 20 and 30, the change in total cost is $150 ($410 - $260), and the change in quantity is 10 units. Therefore, the marginal cost is $15 ($150 / 10).

Next, we need to determine the marginal revenue (MR). In a monopolistic setting, the marginal revenue is equal to the price per unit. Looking at the given data, the marginal revenue is $18 at a quantity of 20 units and decreases to $17 at a quantity of 30 units.

We can see that at a quantity of 30 units, the marginal cost ($15) matches the marginal revenue ($17), indicating that this quantity will maximize profit for the monopolist. Therefore, the monopolist will produce 30 units to maximize their profit.

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At the end of the term, each class member is responsible to submit a paper which summarizes their current thinking on leadership and themselves as a leader. Included should be at least: (1) the identification of and rationale for the person's 2 of 5" most influential leadership strengths; (2) reflections regarding possible 'fatal flaws'; (3) discussion of at least three influential assessments (Leader's Self-Insights) completed during the class; (4) other important "lessons learned." Papers are to be well- written (no obvious errors) and no longer than three single-spaced pages in length." - your opinion of your 2 of 5 - of course, using the You are simply reporting on what you've learned in each of these four areas - "Fundamental Five" roles; your ideas on possible fatal flaws you personally may need to improve in; thoughts about results of the "Leader's Self-Insight" exercises I referred you to in the Online Lectures [though you can use any of the many that are included in the textbook]; and any other ideas you have about leadership "lessons learned." I believe a careful reading of the assignment should make things clear.

Answers

The paper should include the identification and rationale for two influential leadership strengths, reflections on possible fatal flaws,  completed during the class, and other important lessons learned.

The assignment provides an opportunity for class members to reflect on their understanding of leadership and their own leadership abilities. Each person is required to identify and explain two of their most influential leadership strengths, providing a rationale for their choices. Reflecting on possible fatal flaws allows individuals to critically assess areas where they may need improvement in their leadership style or behavior.

The discussion of at least three influential assessments completed during the class encourages class members to reflect on their self-insights and the feedback received through the assessments. These assessments may provide valuable information about their leadership strengths, weaknesses, and areas for growth.

The assignment also encourages class members to share any other important lessons learned throughout the course. This allows individuals to integrate their knowledge and experiences, providing a comprehensive understanding of leadership and personal growth as a leader.

Overall, the assignment serves as a platform for class members to synthesize their understanding of leadership, evaluate their own leadership abilities, and reflect on their growth throughout the course. It promotes self-reflection, critical thinking, and the application of learned concepts in the context of leadership development.

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California Produce Company hires Drew to work on California Produce's shipping dock, checking outgoing loads and dispatching the company's drivers. With respect to California Produce, Drew is most likely
a. an agent.
b. an independent contractor.
c. a principal.
d. a work for hire.

Answers

With respect to California Produce, Drew is most likely an agent. Hence option 'a' is correct.

An agent is a legal representative who acts on behalf of someone else. The principal or person who hires the agent is represented by the agent. An agent's role is to provide guidance to the principal and to be a trustworthy representative to the principal.An independent contractor is self-employed. They may be hired to provide a service or complete a project, but they operate as their boss or company. A principal is the boss of an agent, and they employ the agent to represent them. A work for hire is a type of legal agreement in which a person is employed to complete a specific task or project.

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Apparently, all three advisors have studied economics, but their views on positive economics are different.

a. with rent control, the government guarantees landlords a minimum level of profit.

b. they become resigned to the fact that many of their apartments are going to be vacant at any given time

c. with shortages and waiting lists, they have no incentive to maintain and improve their property.

d. with rent control, it becomes the government's responsibility to maintain rental housing.

Answers

The differing views of the advisors reflect the multifaceted nature of rent control policies and their potential impacts on landlords, tenants, and the overall housing market.

Among the three advisors studying economics, their views on positive economics, particularly regarding rent control, differ. Advisor a) believes that with rent control, the government guarantees landlords a minimum level of profit. Advisor b) suggests that landlords become resigned to the fact that many of their apartments will be vacant at any given time. Advisor c) argues that with shortages and waiting lists, landlords have no incentive to maintain and improve their property. Lastly, advisor d) holds the viewpoint that with rent control, it becomes the government's responsibility to maintain rental housing.

These different perspectives reflect the varied interpretations and opinions surrounding rent control policies. Rent control refers to government regulations that limit the amount landlords can charge for rent and often includes other provisions aimed at protecting tenants. Advisor a) suggests that rent control ensures a minimum level of profit for landlords, implying that they have a guaranteed income regardless of market conditions. This viewpoint assumes that rent control policies are designed to provide stability and security for landlords.

On the other hand, advisor b) believes that landlords may accept the reality of high vacancy rates under rent control. The reasoning behind this perspective is that if landlords are unable to charge market rates, they may struggle to cover their expenses, resulting in vacant units. This viewpoint highlights the potential unintended consequence of rent control policies, where landlords may find it economically unviable to maintain and rent out their properties.

Advisor c) argues that rent control policies, particularly when combined with shortages and waiting lists, create a disincentive for landlords to invest in property maintenance and improvements. The notion here is that if landlords are not able to increase rents to account for the costs of maintenance and improvements, they may neglect these aspects, potentially leading to a decline in the quality of rental housing.

Lastly, advisor d) suggests that with rent control, the responsibility for maintaining rental housing shifts to the government. This perspective implies that if rent control policies restrict landlords' ability to generate sufficient income, the burden of maintaining rental properties falls on the government to ensure adequate housing conditions.

In summary, the differing views of the advisors reflect the multifaceted nature of rent control policies and their potential impacts on landlords, tenants, and the overall housing market. These perspectives provide a glimpse into the complex economic dynamics and considerations associated with rent control, highlighting the various consequences that can arise from its implementation.

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Michael works in a supermarket. He is paid $10.80 per hour.
What is Michael's overtime pay rate?
$10.80
$16.20
$7.20

Answers

Michael works in a supermarket. He is paid $10.80 per hour. What is Michael's overtime pay rate?Employees may be compensated for overtime hours, or hours worked over the standard forty-hour workweek.

Workers must receive overtime pay of at least one and one-half times their normal hourly rate of pay for hours worked over forty in a workweek (U.S. Department of Labor, n.d.). Let's see how we can figure out Michael's overtime pay rate:Michael's hourly pay rate is $10.80. He is compensated at a rate of one and one-half times his regular hourly pay rate, or 1.5 times his normal rate of pay, for hours worked over forty in a workweek.

Therefore, we may calculate Michael's overtime pay rate by using the formula:$10.80 x 1.5 = $16.20 (overtime pay rate)In conclusion, Michael's overtime pay rate is $16.20 per hour.

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As the marketing manager at Smart Pet Products, you insist on putting the customers first. Your team enthusiastically designs products to meet customer requirements. In fact, your organization’s goal is to achieve 100% customer satisfaction. Which of the below concepts does your business follow?
marketing concept
product concept
selling concept
production concept
social responsibility concept

Answers

The concept that Smart Pet Products follows is the marketing concept. Our organization prioritizes the needs and wants of our customers and aims to design products that fulfill their requirements.

We are committed to achieving 100% customer satisfaction by understanding their preferences and delivering superior value through our offerings.

In the marketing concept, the focus is on the customer. Our team at Smart Pet Products enthusiastically designs products to meet the specific requirements of our customers. We conduct market research to gain insights into their needs and preferences, allowing us to develop tailored solutions. By putting the customers first, we strive to create long-term relationships and provide exceptional value. Our goal is to not only meet customer expectations but to exceed them, ensuring that our customers are satisfied with their purchase and continue to choose our products over competitors. Ultimately, our commitment to the marketing concept helps us build a strong brand and drive sustainable growth in the pet product industry.

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The word; a separation b. evaluation cendings d. development O separation O evaluation O endings O development can bring up negative connotations because of it being rooted in poor exper

Answers

The word that can bring up negative connotations due to its association with poor experiences is  A. "separation."

The word "separation" can evoke negative emotions and connotations for many individuals due to its connection with experiences such as divorce, breakups, or loss. These events often involve pain, sadness, and a sense of loss. As a result, the word "separation" may trigger negative memories or emotions in people who have gone through difficult separations in their personal or professional lives. It's important to recognize that the connotations of a word can vary based on individual experiences and perspectives. While separation itself may not inherently have negative implications, the association with distressing situations can give it a negative connotation for some people. Context and personal experiences play a significant role in shaping our understanding and emotional response to certain words. When communicating, it is important to be mindful of the potential negative connotations that certain words may carry and to use them appropriately and sensitively. Choosing alternative words or providing additional context can help mitigate any negative associations and ensure effective and respectful communication.

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the complete question is: The word; a separation b. evaluation cendings d. development O separation O evaluation O endings O development can bring up negative connotations because of it being rooted in poor experiences of getting feedback.

A company that produces small electric motors for treadmills had cost of goods sold last year of $368,000,000. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below: Raw Materials $22,600,000 Work-In-Process $5,800,000 Finished Goods $10,296,000 The inventory turns would be A. 35.74 turns B.2286 turns C.0.11 tums D.9.51 turns QUESTION 21 Using the data above, if the company operates 40 weeks a year, the weeks of supply being held in inventory is A.0.24 B. 0,003 C.4.21 D. 38.38

Answers

The solution to the problem is:Inventory turns= 26.47 turnsWeeks of supply= 1.73 weeks (approx)Therefore, option B: 0.003 is

To solve the given problem, the below formulas will be used:Inventory Turns= Cost of goods sold/Average value of inventoryWeeks of Supply= (Average value of inventory/Cost of goods sold) * 52 weeksInventory turns, also known as stock turn, is a ratio that measures how fast a company is selling its inventory and the company's efficiency in managing its inventory.

It is the cost of goods sold divided by the average value of inventory. By using the given values, inventory turns would be = $368,000,000 / (($22,600,000 + $5,800,000 + $10,296,000) / 3) = $368,000,000 / $13,898,667 = 26.47 turns.The average of the inventory value is ($22,600,000 + $5,800,000 + $10,296,000) / 3 = $12,232,000.Weeks of supply is a metric that measures the duration for which a company can continue to function solely on the inventory it holds.

It is calculated by taking the average value of inventory and dividing it by the cost of goods sold per week and then multiplying that by 52 weeks.By using the formula, Weeks of Supply = ($12,232,000 / $368,000,000) x 52 weeks = 1.7277 or approximately 1.73 weeks, which is approximately 2 weeks since the answer is rounded off to the nearest hundredth.

In summary, the solution to the problem is:Inventory turns= 26.47 turnsWeeks of supply= 1.73 weeks (approx)Therefore, option B: 0.003 is the correct answer.

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The quantity theory of money indicates that a 15% reduction in the money supply will, in the long run
A lower the price level by 15%
B have no effect on prices.
C lower the price level by more than 15%.
D lower the price level, but by less than 15%

Answers

Option D, "lower the price level, but by less than 15%," accurately reflects the expected outcome based on the quantity theory of money.

The quantity theory of money indicates that a 15% reduction in the money supply will, in the long run, lower the price level, but by less than 15%.

According to the quantity theory of money, there is a direct relationship between the money supply and the price level in an economy. When the money supply decreases, assuming other factors remain constant, there is less money available to purchase goods and services. This reduction in the money supply, over time, leads to a decrease in overall spending and a corresponding decrease in prices.

However, the decrease in the price level is generally expected to be less than the percentage reduction in the money supply. This is because the relationship between the money supply and prices is influenced by other factors such as changes in velocity of money, real output, and economic productivity.

Option D, "lower the price level, but by less than 15%," accurately reflects the expected outcome based on the quantity theory of money.

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Fit-Freak Ltd ('FF') is a Perth-based company that specialises in designing and manufacturing indoor gymnasium equipment. Clause 2 (the objects clause) of FF's constitution provides that the company's activities are restricted to the design and manufacture of indoor gymnasium equipment'. < Eighty per cent of the company's members are outdoor enthusiasts who would like the company to expand its activities to include the design and manufacture of outdoor exercise equipment (for use in public parks and other outdoor public places). The directors think that this is not a good idea. With reference to the above set of facts, and using the four-steps process, discuss whether the directors have to give effect to the members' wishes. If the directors ignore the members' wishes, can the members change the company's constitution to remove clause 2 of the constitution, and if so, how this can be done.

Answers

Based on the given facts, the directors of Fit-Freak Ltd (FF) are not obligated to give effect to the members' wishes to expand the company's activities to include the design and manufacture of outdoor exercise equipment.

Clause 2 of FF's constitution restricts the company's activities to the design and manufacture of indoor gymnasium equipment, and as long as the directors are acting within the scope of the constitution, they have the authority to make decisions regarding the company's activities.

The directors of a company have a fiduciary duty to act in the best interests of the company.

This duty includes making decisions that align with the company's objectives and comply with the provisions set out in the company's constitution.

In this case, the objects clause in FF's constitution limits the company's activities to indoor gymnasium equipment.

To change the company's constitution, including removing clause 2, the members would need to pass a special resolution.

According to the Corporations Act 2001 (Cth), a special resolution requires at least 75% of the members' votes in favor of the proposed change.

However, the constitution may also specify a different threshold for passing a special resolution, so it's important to refer to FF's specific constitution for any such provisions.

In summary, the directors of FF are not obligated to comply with the members' wishes to expand the company's activities beyond indoor gymnasium equipment, as long as they act within the boundaries of the company's constitution.

If the members want to change the constitution and remove clause 2, they can do so by passing a special resolution with the required majority as specified in the constitution or by the Corporations Act.

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The Theory of Planned Behaviour (TPB) is a research model that contains key elements that can influence consumer behaviour. Using each element of the model, explain how the ad influences consumer buying behaviour.
In your answer:
Clearly define how each element of the model influences a target audience.
Discuss which element of the model is most influential in shaping consumer desire toward the product advertised.

Answers

The Theory of Planned Behavior (TPB) is a research model that explains how various elements influence consumer buying behavior. Each element of the TPB plays a role in shaping consumer desire toward the advertised product. These elements include attitude towards the behaviour, subjective norms, and perceived behavioural control. While all elements are important, subjective norms are often the most influential in shaping consumer desire.

Attitude towards the behavior: The ad influences consumer buying behavior by shaping their attitude towards the product. The ad may highlight the product's benefits, quality, or unique features, creating a positive attitude towards the behavior of purchasing the product.

Subjective norms: The ad influences consumer buying behavior by influencing subjective norms, which refer to the perceived social pressure to engage in a certain behavior.

The ad may use social proof, testimonials, or endorsements to show that others approve or recommend the product, leading consumers to feel that purchasing the product aligns with social expectations.

Perceived behavioral control: The ad influences consumer buying behavior by influencing their perceived behavioral control, which is the individual's belief in their ability to perform the behavior. The ad may emphasize how easy and convenient it is to purchase the product, reducing perceived barriers and increasing the consumer's confidence in their ability to buy the product.

Among these elements, subjective norms are often the most influential in shaping consumer desire. People are strongly influenced by the opinions, recommendations, and social expectations of others. When an ad presents the product as widely accepted and recommended by others, it can significantly influence consumer desire and motivation to purchase.

In conclusion, the TPB model helps explain how each element influences consumer buying behavior. The ad influences consumer desire by shaping their attitude, influencing subjective norms, and enhancing their perceived behavioral control. While all elements play a role, subjective norms tend to have the most significant influence on shaping consumer desire toward the advertised product.

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Free rider problem is an issue that occurs when people who do not pay for information take advantage of the information that other people have paid for Banks reduce the free-rider problem in information production by A making private, nontraded loans so other lenders cannot benefit from the information they have collected about the borrower B. charging others for information about the financial condition of potential borrowers C. buying tradable securities with their depositors' funds D. serving as an intermediary that holds scarcely any nontraded loans

Answers

The Free rider problem is a concept that occurs when people who have not paid for information take advantage of the information that other people have paid for.

Banks reduce this problem in information production by charging others for information about the financial condition of potential borrowers.What is the Free rider problem?The free-rider problem is an issue that happens when people who do not pay for information take advantage of the information that other people have paid for. It’s an instance of a wider economic idea known as the tragedy of the commons.

The tragedy of the commons is an economic concept that refers to the depletion of resources by multiple individuals, each acting in their self-interest, eventually leading to overuse and destruction. For instance, when several farmers graze their cattle on a single plot of land, the land will eventually become barren and devoid of plant life.What are the possible solutions to the free rider problem?One way to reduce the free rider problem is for individuals to voluntarily agree to contribute to a common good.

However, this solution is difficult to achieve, particularly when large numbers of people are involved.In the context of information production, banks reduce the free-rider problem by charging others for information about the financial condition of potential borrowers. By doing so, they can recoup the cost of collecting and analyzing the data and prevent others from benefiting from it without paying for it.In conclusion, the solution to the free rider problem is by charging others for information about the financial condition of potential borrowers.

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BUSINESS COMBINATION TUTORIAL QUESTIONS 1. Perth Berhad is a company that was hurt by a recent global financial crisis. As a result, it experienced major trading difficulties. It previously obtained a significant loan from Fremantle Bank, and when Perth Berhad was unable to make its loan repayments, the bank made an agreement with Perth Berhad to become involved in the management of that company. Under the agreement between the two entities, the bank had authority for spending within Perth Berhad, Perth Berhad's managers had to obtain authority from the bank for acquisitions over RM10 000, and was required to have bank approval for its budgets. Determine whether a parent-subsidiary relationship exists, and which entity, if any, is a parent required to prepare consolidated financial statements under IFRS 10.

Answers

Based on the given information, it appears that a parent-subsidiary relationship exists between Perth Berhad and Fremantle Bank.

This is indicated by the involvement of Fremantle Bank in the management of Perth Berhad, including having authority over spending and approval requirements for acquisitions and budgets.

Under IFRS 10 (International Financial Reporting Standards), a parent-subsidiary relationship exists when an entity (the parent) has control over another entity (the subsidiary). Control is defined as the power to govern the financial and operating policies of an entity in order to obtain benefits from its activities.

In this case, Fremantle Bank exercises significant control over Perth Berhad by having authority over spending, acquisitions, and budgets. This control indicates that Fremantle Bank is the parent entity, and Perth Berhad is the subsidiary entity.

As the parent entity, Fremantle Bank would be required to prepare consolidated financial statements under IFRS 10. Consolidated financial statements are prepared to present the financial position, performance, and cash flows of a group of entities (consolidated group) as if they were a single entity.

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