Question Completion:
A) clothing B) marketing C) utilitarian D) framing E) psychosomatic
Answer:
This is an example of a ___framing_____ effect in decision-making.
Explanation:
The framing effect in decision-making means that decisions are influenced by the different semantic descriptions of the same issue. This different framing of the same issue causes people to develop different risk preferences, indicating that their decisions are based on the potential value of losses they would suffer or gains they would garner rather than the final outcome.
During 2017, Oriole Company expected Job no. 59 to cost $300000 of overhead, $560000 of materials, and $200000 in labor. Oriole applied overhead based on direct labor cost. Actual production required an overhead cost of $255000, $630000 in materials used, and $280000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead
Answer:
$165,000
Explanation:
The computation of the amount of over- or underapplied overhead is shown below:
The Predetermined overhead rate is
= Predetermined overhead ÷ direct labor cost
= ($300,000 ÷ $200,000)
= 150% of direct labour cost
Now
overhead applied is
= (150% × $280,000)
= $420,000
And,
Actual overhead=$255,000
So,
overhead overapplied is
= $420,000 - $255,000
= $165,000
When cost systems were developed in the 1800's, most companies ______. Multiple select question. produced a small number of similar products focused on simplicity assigned overhead based on machine hours believed there was little correlation between labor hours and overhead
Answer:
believed there was little correlation between labor hours and overhead
Explanation:
When cost systems were developed in the 1800's, most companies used a blanket overhead or a plant wide rate to allocate the overheads. They believed there was little correlation between labor hours and overhead.
The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates?
Answer:
Process asset updates.
Explanation:
Quality assurance assessments, validated modifications, authenticated deliverables, performance at work indicators, configuration management, project management plan modifications, project document security patches, and organisational process asset updates are the key outputs of quality assurance.
Marvelous Motor Works sells vehicles directly to businesses for use in their companies. Marvelous Motor Works has a manager for each type of vehicle it sells (cars, trucks, and delivery vehicles). The salespeople for each product report directly to his or her manager but may also consult the financing department and legal department to handle issues relating to financing and liability issues. This is an example of a(n) ______ organization.
Answer:
Line and staff organization
Explanation:
Marvelous Motor practice line and staff organization.
Line and staff organization refers to when specific and supportive roles are attached to the line of command by assigning staff supervisors and staff specialists who are attached to the line authority.
The executives(managers of each type of vehicle) holds the power of command and staff supervisors(financial and legal department) guides, advices and council the line executives.
based on the diminishing returns to specialization, it is more realistic to assume that the units of resources required to produce one unit will
Answer:
decrease.
Explanation:
Diminishing returns to specialization is when resources can freely used to produce any good. Units of resources required to produce one additional unit will decrease. The rate of output will increase with same resources.
Pine Company provides for doubtful accounts expense at the rate of 2% of credit sales. The following data are available for 20X4: Allowance for doubtful accounts, 1/1/X4 $18,000 Accounts written off as uncollectible during 20X4 $20,000 Collection of accounts written off in prior years (customer credit was reestablished) $5,000 Credit sales year ended 12/31/X4 $1,500,000 The allowance for doubtful accounts balance at December 31, 20X4, should be
Answer:
the allowance for doubtful account balance is $28,000
Explanation:
The computation of the allowance for doubtful account balance is given below:
Allowance for Doubtful Doubts Balance
= Beg Balance + Bad Debt Expense - Accounts written off
= $18,000 + (2% of $1,500,000) - $20,000
= $18,000 + $30,000 - $20,000
= $28,000
hence, the allowance for doubtful account balance is $28,000
Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answer:
B to determine whether a price increase
Explanation:
cuz I said
What might happen if borrowers miss scheduled mortgage payments, fail to pay property taxes, or allow the property to fall into disrepair
Answer:
Authorize the property to deteriorate.
Explanation:
Example - Borrowers may suffer loan default if they fail to pay real estate taxes, allow their property to deteriorate, or miss regular mortgage payments.
Borrowers may suffer loan default if they skip regular mortgage payments, fail to pay real estate taxes, or allow the properties to fall into disrepair.
_____________risk is the possible outcome that can occur when an organization or business unsuccessfully addresses its fiscal obligations.
Answer:
Financial Risk
Explanation:
Financial risk is the possibility of a negative consequence if a company or organisation fails to meet its financial commitments.
The chance of making a loss on an invest or business endeavour is referred to as financial risk. Financial risk is a form of threat that might cause interested parties to lose money. For governments, this may entail losing control of financial markets and defaulting on bonds or even other debt obligations.
Suppose that Dr. Reilly owns a medical clinic and he enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol that he orders are 200 milligrams each. The Gensol that is delivered however are 100 milligrams each. Decide.
Answer: See explanation
Explanation:
Based on the information given, it can be infered that the goods are nonconforming due to the perfect tender rule.
According to the perfect tender rule, a buyer can reject goods that are deliveres to him or her tender of the goods from the seller isn't perfect. Since the Gensol that he orders are 200 milligrams each while the one delivered are 100 milligrams each, then they aren't perfect.
Therefore, the clinic can reject the shipment, or keep some and reject others if it wants to.
How do debt repayment and structural adjustment terms hamper economic development? A. Only wealthy nations need to repay their debts, so it slows their progress. B. This is no longer a problem because debt repayment was completely erased after World War II. C. Both measures rob a developing nation of money it could use to invest in social welfare improvements. D. They always penalize highly developed nations rather than underdeveloped ones. Please select the best answer from the choices provided. A B C D
Answer:
c
Explanation:
Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
Answer:
Centralize decision making
Explanation:
From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.
Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.
The ________ line is a financial analysis tool that enables you to see patterns in cash inflows and outflows. A : value B : money C : time D : trend
The rapid growth of the Chinese economy should benefit U.S. consumers as they have access to less-expensive consumer goods. make it more difficult for citizens of the United States to find jobs. not affect the mix of jobs available to citizens of the United States. benefit U.S. consumers as they have access to less-expensive consumer goods and make it more difficult for citizens of the United States to find jobs
Answer:
as they have access to less-expensive consumer goods.
Explanation:
Economic growth is the increase in total GDP or output of an economy.
If there is a rapid growth in the Chinese economy , it means that the total output produced by China increases. This means that U.S. consumers can import cheaper less expensive consumer goods. This is because the value of the Chinese currency is lower than that of the US dollar
If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change
Answer:
Demand decreases.
Explanation:
The demand decreases because the price increase would cause drivers to travel less, meaning that gasoline sales would go down.
Glenda works for a telecommunications company and oversees the planning, execution, and closing of any large telecom projects for new clients. Glenda is what kind of manager
Answer:
Project manager
Explanation:
Glenda must be working as a project manager.
A project manager is a person that leads the team to design and execute projects within an establishment. He/she also ensures monitoring and control of resources in order to get maximum results.
Hence, Glenda must have been employed as a project manager for the telecommunication company.
H2 O'Yeah has designed a water purification device that is drastically different and far superior to any product currently on the market. Although consumer response was positive to the idea of the new product, management wants to find out more before committing to full-scale production. The next step H2 O'Yeah's marketing department is likely to take is to Multiple Choice locate a low-cost production site. seek a joint venture with a larger competitor. test market the product among potential users. develop an advertising campaign to persuade consumers of the value of the new water purifier system.
Answer:
test market the product among potential users.
Explanation:
In the context, it is given that a water purification device manufacturing company, H2 O'Yeah had designed a purification device which is far more better and efficient than any other water purification device currently present in the market.
The customer response about the design of the new purification device was also positive. But before going for mass production of the device, the company, H2 O'Yeah wanted to find out more about the customer 's response and so they are going to test market the device among the potential customers and will take their feedbacks and advices before full scale production.
It is an efficient way for a successful development of a product and knowing about the feedback about the customers.
Therefore the correct answer is "test market the product among potential users."
The greater the risk associated with an investment, the greater is its _____. book value market appeal expected return price
Answer:
expected return
Explanation:
Management should conduct a ________ to identify those controls that are most appropriate and provide the greatest benefit to the organization given the available resources.
Answer:
cost-benefit analysis
Explanation:
A cost-benefit analysis (CBA) is the process that are applied to determine the decision benefits or the actions are taken minus the cost along with the actions. It includes the financial metrics like revenue or the cost i.e. saved
So here in the given situation the cost benefit also provides the high benegits to the organization by having the resources
Therefore the above should be the answer
In order to build alliance management capabilities in small companies, it is recommended that firms take the ______ approach
Answer:
non-equity alliance.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Generally, a business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Mission.
II. Value.
III. Vision.
Hence, when you wish to build alliance management capabilities in small companies, it is highly recommended that business firms take the non-equity alliance approach.
A non-equity alliance approach can be defined as a contractual relationship between two or more organizations that are interested in achieving common goals and objectives by pooling their resources, capabilities and efforts together while respectively maintaining their organizational independence without creating a new corporation or equity entity.
True or False: Timothy, Jude, and Eric are working in the marketing department of a multinational corporation. They each have similar backgrounds and experience and are thinking about leaving their current company to start their own business. Successful entrepreneurial teams are comprised of these types of people because similarities in knowledge and skill ensure harmony and consistency in their new business.
I guess answer is true may be
Answer:
TRUE
Explanation:
Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per year.
Answer:
4.97 %
Explanation:
Data and Calculation :
PV = - $2,262.00
N = 11.00
FV = $3,855.00
P/YR = 1
PMT = $0
I/YR = ? 4.97 %
THUS,
The account earned 4.97 % per year.
Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as . True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. True False Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957
Answer: • Recession
• False
• The unemployment rate increased.
Consumer spending declined.
Explanation:
1. Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as (Recession)
Recession is the significant decline in the economic activity which lasts for more than a few months, which results in a fall in GDP, employment, real income, and industrial production.
2. Small ups and downs in real GDP follow a consistent, predictable pattern. - False
It should be noted that small ups and downs in real GDP doesn't follow a consistent, predictable pattern
3.Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957
The unemployment rate increased.
Consumer spending declined.
A fall in real GDP will lead to a fall in the demand of goods and services as consumer spending reduces. Also, the unemployment rate increases as some workers may be laid off due to reduction in demand.
Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the partnership, Mae also lends the partnership $1,000. Upon dissolution of the partnership, $2,500 is left in the partnership assets after all outside creditors have been paid. Absent a partnership agreement to the contrary, how should the partnership assets be distributed
Answer:
The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
Explanation:
Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:
Joe = 3000
Mae = 1000
Joe 3: 1 Mae
2500/4 x 3 = Joe = 1875
2500/4 = Mae = 625
Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
__________ is a cornerstone in the protection of information assets and in the prevention of financial loss.
Answer:
Separation of duties.
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.
Hence, the principle of establishing responsibility include the following;
I. Only one person or an individual is being responsible for a task.
II. An individual is solely responsible for the authorization of transactions.
III. An individual is solely responsible for the approval of transactions.
Separation of duties is a cornerstone used as an internal control measure for the protection of information assets and in the prevention of financial loss.
According to the separation of duties, an employee such as an accountant who opens a bank statement should not be the same person that is saddled with the responsibility of reconciling cash inflow and outflow.
A joint stock company is an artificial person, created by law having a separate legal existence with a perpetual succession and a common seal. justify?
Answer: See explanation
Explanation:
joint-stock company is a business that is being owned by its investors, such that the share owned is based on the stock that been bought.
In a joint stock company, it should be noted that the members are liable for the debts of the company only based on the extent of the amount that they've contributed.
At least one shareholder owns the joint stock company and it's managed by at least one director. In the case of death or disability, the life of the company won't be affected which indicates the perpetual succession.
4) The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000, would be replaced by a new machine. The new machine would be purchased for $516,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $173,000 per year in cash operating costs. The simple rate of return on the investment is closest to:
Answer:
17.86%
Explanation:
Calculation to determine what The simple rate of return on the investment is closest to:
First step is to calculate the Depreciation
Depreciation = $516,000 ÷ 6years
Depreciation= $86,000
Second step is to calculate Incremental operating income
Incremental operating income = $173,000-$86,000
Incremental operating income=$88,000
Now let determine the simple rate of return on the investment
Using this formula
Simple rate of return = incremental operating income ÷ initial investment
Let plug in the formula
Simple rate of return = $87,000÷$516,000
Simple rate of return =17.86%
Therefore The simple rate of return on the investment is closest to:17.86%
Select the correct answer.
A household detergents company introduces a new product in the market. It hires several salespeople to make door-to-door sales for the first three months. The salespeople have to gather certain information about customers during their sales trips. For one such salesperson, a customer is not willing to share details related to his experience with competitor products. In such a case, what should the salesperson do?
A.
refer the case to another colleague who is expert in extracting details out of such customers
B.
forcibly try to get the details out of the customer
C.
respect the customer’s privacy and not ask any further questions
D.
tempt the customer with discounts on the current product if he shares his details
Answer: C. respect the customer’s privacy and not ask any further questions.
Explanation:
Since the customer is not willing to share details related to his experience with competitor products, the best thing to do in this case is to respect the customer’s privacy and not ask any further questions.
It's good to respect the privacy of people if they are not willing and ready to give out certain information. In this case, it should be noted that forcibly trying to get the details out of the customer isn't ideal.
Likewise, referring the customer to someone more experienced isn't necessary in thus regard since the customer isn't willing to share any information.
Therefore, the correct option is C.
Answer:
C
Explanation:
You should respect the customers privacy because they are not doing anything sketchy. They are just choosing not to share their thoughts.
With the advent of cloud storage and other online storage tools, Micah's company is now able to save all the data it collects from internal sources, external sources, and marketing research studies. The company wasn't able to store all of this with its former database management system. What phenomenon is Micah's company experiencing
Answer:
big data
Explanation:
From the question we are informed about an instance whereby With the advent of cloud storage and other online storage tools, Micah's company is now able to save all the data it collects from internal sources, external sources, and marketing research studies. The company wasn't able to store all of this with its former database management system. In this case, the phenomenon Micah's company is experiencing is big data.
Big data can be regarded as phenomenon involving exponential growth of business data which is attributed to the 21st-century as well as the challenges that is been associated with with it, these could be storage, management as well as holistic collection and analysis of series of data for the owner of the business.
Carfax is an example of a company that sells its products or services directly to its consumers online. Which ebusiness model is Carfax using
Answer:
B2C
Explanation:
Ebuiness model is defined as the strategy that a firm uses to promote its products and services on the internet. Therefore it is referred to as electronics business.
The subgroups of ebusiness includes:
- business to customer (B2C)
- business to business (B2B)
- customer to business (C2B)
- customer to customer (C2C)
Business to customer involves a model where a business sells their goods and services to end users or individual customers.
This is the case in the given scenario where Carfax sells its products or services directly to its consumers online.
