Answer:
FALSE
Explanation:
A person is considered unemployed if he / she does not have a job and has searched for a job within the last 4 weeks
Unemployment rate = (number of unemployed / labour force) x 100
To collect data on unemployment, The Bureau of Labor Statistics conducts a survey every month known as the Current Population Survey (CPS).
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
______ communication takes place when individuals from different levels and different departments communicate.
Answer:
Diagonal
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.
Employees working in an organization are said to engage in a diagonal communication when they communicate with other employees in other departments and on different levels such as level 8, 9, 10, 12, 14, as the case may be.
For example, a diagonal communication takes place when John that's on level 8 in the marketing department communicates with Claire who's on level 10 in the customer relationship management (CRM) department.
An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to
Answer: uncertainty about the ability of the issuer to make timely payments of interest and principal
Explanation:
AAA refers to the highest possible rating which can be assigned to the bond of an issuer by the main credit rating agencies. It should be noted that AAA bonds possesses a high degree of creditworthiness.
An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to uncertainty about the ability of the issuer to make timely payments of interest and principal.
Smartphone sales have stagnated in developed countries, but they continue to experience high growth in emerging economies. Which aspect of the industry does this trend reflect
Answer:
Open innovation
Explanation:
In a bid to drive growth and revenue, organizations and develop products which are customer friendly and centric, company's may decide not to rely on internal expertise or ideas within its own staff or designers, such that they seek external resources in a bid to mould their product offering in a systematic manner. These idea of seeking external knowledge or opinion in other to develop consumer products is called open innovation. It is a major trend which could be used to explain the push and increase in smartphone sales in developing economies as the companies tries to move in line with the current status.
Emphasizing the negative consequences that may occur unless a consumer changes behavior is called ________.
Answer:
a fear appeal
Explanation:
Fear appeal is the strategy that induces fear in an individual with the aim of preventing a particular behaviour.
Usually a risk is presented to person and the consequences of taking a particular action is highlighted.
Fear appeal emphasises the negative aspects of a situation to discourage the participants from acting a particular way.
It is an important tool in malong positive change in an individual's attitudes, intentions, and behaviours.
A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely to happen
Answer:
Sellers will bear more of the tax burden.
Explanation:
Shampoo manufacturers understand that consumers have different needs when it comes to what type of shampoo they use, such as for curly hair, two-in-one ease of use, or color protection. Knowing that, shampoo manufacturers have divided the market based on these various needs and developed shampoos to accommodate each group. By doing so, these shampoo manufacturers are involved in
Answer:
market segmentation
Explanation:
Market
People or an organization with needs or wants and the ability and willingness to buy.
Market Segment
A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.
Market Segmentation
The process of dividing a market into meaningful, relatively similar, and identifiable segments or groups.
Employees will perceive that their opinions are more valued if Multiple Choice they're given personalized, closed-end question-type employee opinion surveys. they're provided settings where employees have the opportunity to converse with all levels of management. they're given emails from the CEO on a regular basis. the company emphasizes job simplification.
Answer:
they're provided settings where employees have the opportunity to converse with all levels of management.
Explanation:
In the case when the employees would perceive as per their opinion and their opinion are most valued so that means it gives the setting at the time when the employees have the opportunity for conversing the management levels
so as per the given options, the second one option is correct
And, all other options are wrong
5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.
When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.
Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.
The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.
Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a(n) ________ style of leadership.
Answer: transactional
Explanation:
The purpose of a(n) ______ payment is to facilitate the performance of duties that a government has already obligated itself to do.
Answer:
grease
Explanation:
A facilitation payment that contains the small bribe is called as the grease payment that solicited to expedite the performance of the transactions that are done on regularly basis or the service in which the company makes the payment is considered to be legal at the time of receiving it
So as per the given situation, it is a grease payment where the government has already the liability to do
which type of approach to manufacturing tries to anticipate customer demand when deciding how much to produce and when
Answer:
Push manufacturing.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Technical or productive inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
Push manufacturing is a type of approach to manufacturing that typically tries to anticipate customer demand when deciding how much to produce and when. Thus, its required that a manufacturer anticipate the demand of consumers when using the push manufacturing approach.
Relative to a flat organizational structure, a tall structure has a _____ span of management and _____ hierarchical levels.
Answer:
Relative to a flat organizational structure, a tall structure has a Narrow span of management and more hierarchical levels.
____________ involves a review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives.
Answer:
Business analysis
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
Business analysis refers to a strategic process that typically involves a review of the sales, costs, and profit projections for a new product in order to find out whether the product is in tandem with the objectives of the company.
This ultimately implies that, many organizations and business owners use business analysis to measure the level of satisfaction with respect to the company's objectives and its customers through the process of analyzing or reviewing the sales, costs and profits projection of its new products before pushing them out into the market.
Similarly, cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in price. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient
Answer:
Elasticity coefficient = 0.5
Explanation:
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
percentage change in price if gasoline = 20%
percentage change in quantity demanded = 10%
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
= 10% / 20%
= 1/2
= 0.5
Elasticity coefficient = 0.5
State 2 secondary market research Ford mothers could use
Explanation:
Secondary market research includes data that is already compiled and organised for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.Ford conducts market research online and in person, refining and creating new data-gathering processes that influence product development and marketing campaigns. The company engages consumers through moderated clinics and through one-on-one interviews before vehicles reach market.
Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry is
Answer:
debit Office Supplies Expense, $255; credit Office Supplies, $255.
Explanation:
Based on the information given the required Appropriate adjusting journal entry is:
Debit Office Supplies Expense $255
Credit Office Supplies $255
($360-$105)
all the occupation are equally important how and why .
It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.
But that doesn’t mean one job is more important than another.
In an organization, everyone matters and no one should look down upon someone for the work they are doing.
Remember, every job should be valued. And, every person should be treated with dignity and respect.
om recently received 2,180 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale
Answer:
the amount of loss on the sale is $4,360
Explanation:
the computation of the amount of Tom's income or loss on the sale is shown below:
= 2,180 shares ×$12 - 2,180 shares × $14
= $26,160 - $30,520
= $4,360
Hence, the amount of loss on the sale is $4,360
The same should be relevant
Sasha has the new responsibility of initiating strategies that would help safeguarding her company against recession. She conducts a meeting with all the employees in which she explains how she would go about implementing her plans. She also motivates and encourages employees to follow through with her plan. Sasha is a ________.
Answer:
Strategic leader
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.
A strategic leader refers to an individual that utilizes strategy in the management of people without the use of threats and force to make them follow.
In this scenario, Sasha is a strategic leader because she motivates and encourages the employees to follow through with her plan.
If it is impractical for a company to adapt to the situation in a developing-country market, the company should ______.
Answer:
avoid that market.
Explanation:
Developing countries can represent a good business opportunity for companies that want to achieve market gain and profitable advantages. Some of these advantages can be the lower cost of the initial investment, tax incentives for the company to establish itself in that country, cheaper labor, and other advantages that imply a more advantageous and competitive value chain for such an organization.
But on the other hand, developing countries can also pose risks for companies, especially when there is political risk that can make it difficult to operate the company effectively and result in capital and investment losses. When there are such risks, the best thing for companies is to avoid that market and look for one whose adaptation to the market situation of the developing country is totally favorable for business.
A company's horizontal scope refers to Multiple choice question. the extent to which the company participates in the various activities of the industry's value chain. the various product and services that it offers. the various defensive strategies the company can employ. the extent of its ownership in multiple joint ventures.
Answer:
the various product and services that it offers.
Explanation:
Horizontal scope or integration can be regarded as process that involves increasing of production of goods or services , and this increase reflect at the same part of all supply chain
by a company . This can be done by
a company merger, internal expansion or acquisition. This process can result into if vast majority of the market for that particular product/ service is been captured by the company.
It should be noted company's horizontal scope refers to the various product and services that it offers.
_______________ target ultimate consumers while _______________ target members of the marketing channel.
Answer:
b
Explanation:
bc
If an insurance policy covers individual losses up to $2000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2500
A. $2,300
B. $2,000
C. $1,800
D. $2,500
The amount that the insured will be paid in the event of a covered loss of $2500 is: C $1,800.
Insurance policyUsing this formula
Amount=Amount covered -Deductible
Let plug in the formula
Amount=$2,000-$200
Amount=$1,800
Therefore the correct option is C.
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which component of effective high-performance teams is represented by the use of real-time feedback devices acls
Answer: Quality
Explanation:
High-performance teams refers to the teams, or organizations which focuses on their goals and therefore achieve superior results and outperform other similar teams.
The component of effective high-performance teams that is represented by the use of real-time feedback devices is quality.
A high-performance team is described as a combination of people with particular responsibilities and supplementary abilities and skills aligned with and dedicated to a shared goal, who constantly exemplifies cooperation and mutual and innovative thinking, start producing excellent performance, and suppress revolutionary or drastic views that may be harmful.
The component of effective high-performance teams is represented by the use of real-time feedback is Quality.
The high-performance team is known for being the similar, main objective, and sound better system that helps any group member to overcome any obstacles in attaining the team's objectives.
In psychology, quality is a property or feature of an element. The concept of qualities, and notably how to identify different kinds of characteristics from one another, is still debated in contemporary philosophy.
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When the Federal Reserve decreases the federal funds target rate, the lower rate is achieved through a. purchases of government bonds, which reduces interest rates and causes people to hold more money. b. purchases of government bonds, which reduces interest rates and causes people to hold less money. c. sales of government bonds, which reduces interest rates and causes people to hold less money. d. sales of government bonds, which reduces interest rates and causes people to hold more money
Answer:
a. purchases of government bonds, which reduces interest rates and causes people to hold more money.
Explanation:
In the case when the federal reserve want to reduce the rate so federal reserve purchased the government bonds from the members of the bank. Also the deposit should be credited to the balance sheet of the bank that provides the more reserve as they needed .This represent that bank should lower the fund rate of federal reserve in order to lending out the additional funds
Suppose that each of the only two firms in an industry has the independent choice of advertising its product or not advertising. If neither advertises, each gets $10 million in profit; if both advertise, their profits will be $5 million each; and if one advertises while the other does not, the advertiser gets profit of $15 million and the other gets profit of $2 million. According to game theory, the Nash equilibrium is: Group of answer choices neither will advertise. both will advertise. one will advertise and the other will not. both may or may not advertise.
Answer:
both will advertise.
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
The payoffs of advertising are either 5 or 15.
the payoffs of not advertising are either 10 or 2
the payoffs of advertising is higher than that of not advertising. Thus, the nash equilibrium is for the firms to advertise
Please find attached an image of the payoff matrix
As part of the agency relationship, you have to keep everything that the buyer discloses to you private. This includes any information that may impact the buyer's capability or motivation to pay more than the asking price. This is an example of:
Answer:
Confidentiality
Explanation:
An agent is a person that protects the interest of his client in a given business transaction.
He is obligated to represent his client's best interest even when he is absent.
One of the benefits that a client enjoys in an agency relationship is confidentiality.
This is the ability of an agent to keep information about his client and his transactions private.
This includes any information that may impact the buyer's capability or motivation to pay more than the asking price.
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%
The balance of payments _________. adds up the value of all assets and liabilities of a country on a specific date. records all international transactions for a country over a period of time. determines the eligibility of countries for IMF aid.
Answer:
records all international transactions for a country over a period of time.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
The balance of payments is a financial statement used for recording all the international transactions for a country over a specific period of time. Thus, it gives the difference in total value between the payments for goods or services into and out of a country over a specific period of time.
If the premiums are not paid on a Traditional Whole Life policy that has been in force for decades with no loan outstanding, what happens
Answer:
The surrender cash value is used for the extended term option.
Explanation:
This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.
