The department chain you work for has had numerous complaints about slow customer service.
Your colleague, a sales manager, informs you that this happened at a previous store she worked for,
and it was cleared up by hiring more sales representatives. Should you take her advice to solve this
problem? Why or why not? What techniques can you use in evaluating the problem?

Answer:

The advice should not be taken, as it is a rush to judgement, which could mean that the wrong solution is used, wasting time and resources. You should ask the colleague to employ critical thinking. Critical thinking is sustained suspension of judgement with an awareness of multiple perspectives and alternatives. It involves at least four elements:

•Maintaining doubt and suspending judgement

•Being aware of different perspectives

•Testing alternatives and letting experience guide

•Being aware of organizational and personal limitations

At an output level of 50 units per day a firm has average total costs of $60 and average variable costs of $35.
Its total fixed costs are:_______.
A. $925.
B. $1,250.
C. $1,750.
D. $3,000.

Observing the distribution of goods and services to competing groups and understanding how society chooses to employ resources in this process is the study of:_______.

Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity. Group of answer choices higher; smaller lower; smaller higher; larger lower; larger none of these options is correct.

Required information Skip to question [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable $ 32,800 Accounts Receivable 10,600 Cash 14,000 Common Stock 59,790 Dividends 2,020 Equipment 86,000 Notes Payable 1,550 Operating Expenses 59,100 Other Expenses 7,920 Sales Revenue 91,200 Supplies 5,700 Required: Prepare an income statement for the year ended December 31.

Which statement below best represents the technological environment of business?
a. Because service businesses employ approximately 86 percent of the nation's workforce, we now have a
service economy
O b. Every day, business owners must figure out what makes their business successful and how the goods and
services they provide are different from the competition.
O c. Many businesses are now using social media to provide customers with information about products and
services,
O d. Both small and large business firms reduced both spending and hiring new employees during the last
recession because of the nation's unstable economy.
e. There are many "potential customers in developing nations that will buy goods and services manufactured
by U.S. firms

A business traveler has to make a trip to New York. It will take an airline, car-
rental company, hotel, restaurants, and other services to conduct this trip. This
will require a large

what is the importance of salesmanship​

FINRA is a government agency with mandate to protect America's investors by making sure the securities industry operates fairly and honestly.

a. True
b. False

The assets of Star Company are $170.000 and the total liabilities are $10,000. The equity is

Cynthia works as a salesperson at an apparel showroom. A week ago, she met a customer who stated that a particular dress was quite expensive and asked her whether a discount was available for the dress. Cynthia responded by saying, “I can get you a 10 percent discount on the dress. Would you like to pay by cash or card?” The customer made the purchase. Which closing technique did Cynthia use in this example? A. opinions count close B. assumptive close C. Ben Franklin close D. Sharp Angle close

Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve are given as follows:

Q = 160 - 4P
TR = 40Q - 0.25 img
MR = 40 - 0.5Q
TC = 4Q
MC = 4

How much output will Barbara produce?

a. 0
b. 22
c. 56
d. 72
e. none of the above

Discuss the advantages and disadvantages of an optimized supply base. How can a buyer overcome the disadvantages?

What is the LinkedIn Outreach Strategy?

Crane Company had these transactions during the current period.
June 12 Issued 79,500 shares of $1 par value common stock for cash of $298,125.
July 11 Issued 3,650 shares of $105 par value preferred stock for cash at $113 per share.
Nov. 28 Purchased 3,200 shares of treasury stock for $8,800.
Prepare the journal entries for the Crane Company transactions shown above.

Nico has a net worth of $150,000. Nico sold all of his assets for cash and used that cash to pay off all debts and obligations. In theory, how much cash would remain with Nico

A home equity loan can be risky because

if the supply of a product decreases we would expect

The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete then by selecting the account names and dollar amounts from the drop-down menus. View transaction list Journal entry worksheet > < 1 The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Note: Enter debits before credits General Journal Debit Credit Dato June 01 Record entry Clear entry View general Journal

Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical considerations, different costs for different purposes.
1. Analyzing whether to produce a component needed for the end product or to outsource it.
2. Deciding whether to compensate the sales force by straight commission or by salary.
3. Adding the cost of store operations to merchandise cost when deciding on product pricing, but only including the cost of freight and the merchandise itself when calculating cost of goods sold on the income statement.
4. Considering the desirability of purchasing new technology.
5. Weighing the cost of increased inspection against the costs associated with customer returns of defective goods.
6. Deciding whether to buy or lease an existing production facility to increase capacity.
7. Estimating the loss of future business resulting from bad publicity related to an environmental disaster caused by a company's factory in the Philippines, but estimating cleanup costs for calculating the liability on the balance sheet.

what are some sales channels for detailing cars (service)?​

Schoene Company reports its inventory at replacement cost. This is an application of the measurement attribute of: ________

Your daughter will be going to college in three years. Tuition fees are estimated at
$30,000 million a year for four years, payable at the beginning of each year. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. Suppose you would like to have enough money to fund her 4-year education at the time she starts college, how much should you set aside now to cover these payments?

When the time comes for a group of people eating together at a restaurant to pay their bill, sometimes they might agree to split the costs equally and other times will pay individually. If this decision were made in advance, would it affect what they order

Suppose the equilibrium price for bicycle tires is $42 but the market price falls to $37. Jerry is still able to make a profit at this lower price, so he stays in business. Anat, who was able to make a small profit by selling tires at $42, goes out of business as prices fall. Madison bought the tires at the higher price from Anat and is delighted to buy them at a lower price from Jerry. Marcus, who previously did not purchase tires, is willing to pay the lower price, so he buys new tires from Jerry. Which individual's situation contributes to a reduction in total surplus

A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
a. have the ability to exercise significant influence over the operating and financial policies of the investee.
b. own at least 30% of the investee's voting stock.
c. possess a controlling interest in the investee's voting stock.
d. not have the ability to exercise significant influence over the operating and financial policies of the investee.

Lauren was accepted at three different graduate schools, and she must choose one. Elite U costs $50,000 per year and did not offer Lauren any financial aid. Lauren values attending Elite U at $60,000 per year. State College costs $30,000 per year and offered Lauren an annual $10,000 scholarship. Lauren values attending State College at $40,000 per year. NoName U costs $20,000 per year and offered Lauren a full $20,000 annual scholarship. Lauren values attending NoName at $15,000 per year. Lauren's opportunity cost of attending State College is

describe two benefits you enjoy because of free market system

importance of having a business plan to ensure the success of a business​

(5) Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line TION 2: HUMAN RIGHTS Read the scenario below and answer the questions that follow HAMELN CONSTRUCTIONS LIMITED (HCL) Hameln Constructions Limited is a large company that has hired many employees. HCL ensures that there is an open communication channel between senior management and employees. They also observe their employees right to participate in a legal strike 2.1.1 Identity TWO categories of rights that HCL promotes. Motivate your answer by quoting from the scenario above Use the table below as a GUIDE to answer QUESTION 211. CATEGORIES OF RIGHTS MOTIVATIONS 2 12 Suggest ONE other way in which HCL can deal with any of the category of rights​

Naomi plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent. How much will she have in her account at the end of 45 years