Answer:
European Union Data Protection Directive
Explanation:
The European Union Data Protection Directive was implemented in October 1995 and regulates the processing of personal information of citizens of the European Union. It is also mean to protect personal information from being accessed by countries outside of the European Union.
The General Data Protection Regulation enacted in April 2016 eventually replaced the European Union Data Protection Directive.
Personal data of individuals should not be processed at all if the following conditions are not met: legitimate purpose, transparency, and proportionality.
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry knowledgeWeaknesses
Insufficient Equipment to go withWeak or zero visibility for new businessOpportunities
Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current locationThreats
The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.Part II
Answer:
The persons I would give the business plan to are:
My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 yearsI would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.Cheers
When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
Explanation:
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
retailers,wholesalers,distributors, the Internet.Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
explain the difference between a board meeting, a committee meeting and a staff meeting
Answer:
Board meeting is a group of high ranked people coming together to discuss affairs.
committee meeting is the coming together of people in a particular organisation to talk on the matter of the place
staff meeting is the group of staff discussing the affair of where they work.
Who has the most goals in fifa history
Answer:
Pele
explanation:
In 1.9k+ goals
How can business activity affect the government?
How can you create any elegant and artistic presentation of a cake or pastry considering the product and its container?
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down an operation if it turns out to be unprofitable. A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change. A company invests in a project today to gain knowledge that may enable it to expand into different markets at a later date. A company invests in a jet aircraft so that its CEO, who must travel frequently, can arrive for distant meetings feeling less tired than if he had to fly commercial. A company has an option to invest in a project today or to wait a year. Next
Answer:
A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.
Explanation:
Real option analysis
This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.
It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.
Examples of Real Options
1. Investment timing
2. Abandonment/shutdown
3. Flexibility
4. Growth/expansion
Flexibility Option
This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.
Liz would like to study abroad for a year before graduating from college. She would like to live someplace that is close to her native country of Ireland in terms of development because she will need to use the Internet for many of her classes. She can choose from programs in three countries. What could she use to measure the economic performance of the three countries
Answer:
Gross domestic productivity
Explanation:
In simple words, The monetary worth of all completed products and services produced inside a country over a certain period is known as that of the gross domestic product (GDP). GDP is a measure of a nation 's economic health that is used to determine its size as well as rate of increase.
Thus, the best option for Liz in the given case is to analyze the GDP of these countries.
Hãy lựa chọn một công ty sử dụng dịch vụ nghiên cứu marketing của các nhà cung cấp bên ngoài 1.Lý do công ty phải thuê ngoài 2.Những tổ chức nào đã cung cấp dịch vụ marketing cho công ty? 3.CÔNG TY THUÊ MỘT HAY THUÊ TOÀN BỘ CAC HOẠT ĐỘNG NGHIÊN CỨU MARKETING
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Individuals produced their own goods. They then decided to specialise. They formed a group and offered their skills to each other but without the use of money. What is not likely to be the result for the group? A. It will enjoy a rise in its material standard of living. B. It will have a wider choice of goods and services. C. It will need to use a system of barter. D. It will save time in obtaining goods and services.
Answer:
It will save time in obtaining goods and services.
Explanation:
Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the rate of 100% of the direct labor cost. What is the value of the inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1,000 units were in ending inventory? $1,000 $13,000 $130,000 $20,000
Answer:
$130,000
Explanation:
Calculation to determine the value of the inventory transferred to the next department
First step is to calculate the Cost per unit
Using this formula
Cost per unit = Direct material costs + Direct labor costs + Overhead
Let plug in the formula
Cost per unit=$3+$5+(100%*$5)
Cost per unit = $3 + $5 + $5
Cost per unit = $13
Second step is to calculate the inventory transferred using this formula
Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .
Let plug in the formula
Inventory transferred = 2,000 + 9,000 - 1,000
Inventory transferred = 10,000 units
Now let calculate the value of the inventory transferred
Using this formula
Value of inventory transferred = Inventory transferred × Cost per unit
Let plug in the formula
Value of inventory transferred = 10000 × $13
Value of inventory transferred = $130,000
Therefore the value of the inventory transferred to the next department is $130,000
June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.
Answer:
Question requires that a journal entry is done;
Date Account Title Debit Credit
June 1 Cash $78,200
Common Stock $78,200
After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture into his own business. As he prepared his SWOT analysis, he evaluated where he stood at this time. He was fortunate to have $100,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as __________. Multiple Choice three opportunities and one threat two strengths and one opportunity two strengths and one threat three opportunities and one weakness
Answer:
two strengths and one threat
Explanation:
Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low
So here there are two strengths and one threat
In this way the events are categorized
Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rivers for transportation of goods a growing population to work in factories natural resources for production natural resources for production wealthy people to invest in manufacturing
Answer: • Water power to run machines
• rivers for transportation of goods
• natural resources for production
Explanation:
Industrialization is when am economy moves from the agricultural sector to the industrial sector.
The factors of industrialization does Baines cite in the reading include:
• Water power to run machines
• rivers for transportation of goods
• natural resources for production
The factors affecting industrialization are water power to run machines, rivers for transportation of goods, and natural resources for production.
The industrialization process promotes the expansion of industries, businesses, and corporations in the economy. Here, water energies are utilized by industries for facilitating production activities, operating machinery, and cleaning purposes.
Similarly, rivers are also a major transportation mode for the transition of goods and raw materials that gives a boost to the production facilities of the business.
Finally, natural resources are the basis for raw materials for the industries depending on which further production processes are performed.
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Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a ________ perspective. Group of answer choices
Answer:
contemporary
Explanation:
Since in the question it is mentioned that the vernon has set up the system having an input, output, etc also the management style should be changed as per the individual & environmental situation so here he applied the contemporary perspective for minimizing the errors so that the wastage could be reduced and helps in attaining the objectives in an efficient manner
A City Electric Utility Enterprise Fund made its annual interest payment on its outstanding $20 million of 6% bonds, which were originally issued at a premium. Assuming the City maintains it books and records in a manner that facilitates preparation of its fund financial statements, the entry to record this would include a credit to Cash for the amount of the interest checks written and debit(s) to ___________.
Answer:
Debit to Interest expenditure and bond premium.
Explanation:
Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.
Debit to Interest expenditure and bond premium $1.2 million
($20 million*6%)
Cr Cash $1.2 million
which term is used when businesses do not maximise output from given inputs ?
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
If the firm finances investment spending out of retained earnings, then the interest rate is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the equivalent of income plus transfers minus taxes. the ratio of the total change in real gross domestic product (GDP) caused by an autonomous change in aggregate spending to the size of that autonomous change. the opportunity cost of using those funds for a particular investment project. irrelevant.
Answer: the opportunity cost of using those funds for a particular investment project.
Explanation:
Financing investment from the retained earnings of a company might seem like a costless method of sourcing funds but there is a cost that needs to be accounted for. This is the opportunity cost of not using those retained earnings for something else.
For instance, if Parrain Inc. decided to expand using retained earnings when they could have invested in a project that gave a return of 12% per year, the interest rate for the expansion is that 12% they could have earned from the other project.
Explain the difference between uninsured and underinsured.
Benny spends all of his money buying wine and cheese. The marginal utility of the last bottle of wine he bought is 60, and the marginal utility of the last block of cheese he bought is 30. The price of wine is $3, and the price of cheese is $2. Benny: Group of answer choices is buying wine and cheese in the utility-maximizing amounts. should buy more wine and less cheese. should buy more cheese and less wine. is spending too much money on wine and cheese.
Answer:
should buy more wine and less cheese
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
The consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per good = marginal utility / price of the good
Wine = 60 / $3 = 20
Cheese = 30 / $2 = 15
Wine has a higher utility per good when compared with cheese. Benny should buy more wine and less cheese
which of the following activities is an example of gethering datd by observation
Complete Question:
Which of the following activities is an example of gathering data by observation.
Group of answer choices.
A. Using a database to look up the number of products returned each
week.
B. Conducting a survey of people who took a training course.
C. Reading product features in several suppliers’ online catalogs.
D. Measuring how many parts workers assemble in an hour.
Answer:
D. Measuring how many parts workers assemble in an hour.
Explanation:
An observational study can be defined as a type of study in which a researcher observes and measures the effect of a diagnostic test, risk factors, or treatments on individuals without intervening, changing or manipulating who are or aren't exposed to it (controlled conditions).
Basically, observation is a research method that involves examining a given population in order to gather certain informations about them. Thus, it is typically aimed at observing the activities that are being performed by a population of interest.
Hence, measuring how many parts workers assemble in an hour would be considered to be an example of gathering data by observation because you would have to monitor and keep an eye on the workers as they perform their jobs.
Answer:
Measuring how many parts workers assemble in an hour
Explanation:
Which of the following is an example of strategic human resource management?
1. Meeting with members of a particular department to find out why employee turnover is so high
2. All of the answers are examples of strategic human resource management.
3. Hiring replacements for employees who have left a department with high turnover as soon as possible
4. Taking as much time as necessary to hire replacements for employees who have left a department with high turnover
Answer:
1
Explanation:
Meeting with members of a particular department to find out why employee turnover is so high is an example of strategic human resource management. Thus, the correct answer is option 1.
What is strategic human resource management?Strategic human resource management (HRM) is a framework that connects people management and development practices to long-term company goals and outcomes.
It is concerned with longer-term resource concerns in the context of an organization's goals and the changing nature of work. It also influences other HR strategies, such as reward and performance, by establishing how they fit into the larger corporate plan. It contributes to ensuring that the many parts of people management collaborate to drive the behavior and climate required to create value and reach performance goals.
Therefore, option 1 is the appropriate example of strategic human resource management.
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A rise in stock prices and housing prices
A. increases household wealth which in turn increases consumption and leads to an upward movement along the consumption function.
B. reduces consumption due to increase in prices and causes the consumption function to shift downward.
C. increases household wealth which in turn increases consumption and leads to an upward shift of the consumption function.
D. does not affect consumption because they do not have any direct impact on disposable income.
Answer:
B
Explanation:
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $ 109,000 $ 106,000 Inventory $ 139,000 $ 158,000 Sales on account $ 787,000 Cost of goods sold $ 501,000 The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 45 days 50 days 101 days 108 days
Answer:
d. 108 days
Explanation:
Average Inventory = (Beginning balance + Ending balance) / 2
Average Inventory = ($139,000 + $158,000) / 2
Average Inventory = $297,000 / 2
Average Inventory = $148,500
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Inventory Turnover ratio = $501,000 / $148,500
Inventory Turnover ratio = 3.37 times
Average days to sell inventory = Days in a year / Inventory Turnover ratio
Average days to sell inventory = 365 days / 3.37 times
Average days to sell inventory = 108.31 days
A classmate excitedly tells you of what he believes to be a good deal. He goes on and on about signing up for a free 30-day trial of ad-free music on your smartphone. You decline the offer because you have seen deals like these before. You explain that while he might be enjoying the new Selena Gomez and Miley Cyrus tracks now, he needs to be sure to cancel before the trial is up. The music company is hoping that you will feel indebted to them for all the free music that was streamed and allow the payment to process. This is one application of the
Answer:
reciprocity principle
Explanation:
A reciprocity principle is a form of socio-psychological principle in which individuals generally tend to pay back in good, and in any form of capacity for whatever favor they receive.
Hence, in this case, the music company is hoping the the "reciprocity principle" will work on consumers that subscribe to free music as they might wish to give back to the company based on consumers feeling indebted to them for all the free music that was streamed
One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?
Answer: EASYYY PEASYYY AHEM UWU
Explanation:
A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.
Saving account are bank account which are used the for benefit of interest accrued on capital being saved therein.
However, there are operation charges on the saving account which might deplete the real amount of interest been accrued.Using a checking account have no or minimal fee, so they are seen as alternative to saving account because of charges.In conclusion, people might prefer checking account over saving account during this period because interest rate on saving rate are low which will might make operation charges deduct from interest amount till negative.
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Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas.
Nike
adidas
Sales revenue $19,795.3 $10,675
Allowance for doubtful accounts, beginning 77.2 112
Allowance for doubtful accounts, ending 104.1 134
Accounts receivable balance (gross), beginning 2,884.3 1,740
Accounts receivable balance (gross), ending 2,952.8 1,556
(a1)
Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
Nike
adidas
Accounts receivable turnover times times
Answer:
Accounts Receivable Turnover = Sales/Average accounts receivables
Sales revenue / [Accounts receivable balance (gross), beginning - Allowance for doubtful accounts, beginning) + (Accounts receivable balance (gross), ending + Allowance for doubtful accounts, ending) / 2
For Nike
Accounts Receivable Turnover = $19795.3/ [(2884.3-77.2)+(2952.8-104.1)/2]
Accounts Receivable Turnover = $19795.3 / $2827.9
Accounts Receivable Turnover = 7 times
For Adidas
Accounts Receivable Turnover = 10675/[(1740-112)+(1556-134)]/2
Accounts Receivable Turnover = $10675 / $1525
Accounts Receivable Turnover = 7 times
Explain how you would apply any five pricing techniques to attract ccustomers
Answer:
1. Price skimming. Skimming involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market. 2. Market penetration pricing 3. Premium pricing. 4. Economy pricing. 5. Bundle pricing. (these are just some that I know)
Explanation:
Contrast how a depositor's account is classified by a bank compared to how it is classified by the account owner by completing the following sentence. A depositor's account is a(n) (liability/asset/expense) on the bank's records, but it is a(n) (liability/asset/expense) on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank (debits/credits) the account owner's account.
Answer:
A depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
Explanation:
A liability is a debt that a person or company owes to another party, usually in the form of money. Therefore, a depositor's account shows the amount the banking is owing the depositor. This makes it a liability.
An asset is any resource that a business or economic entity owns or controls, such as money. Therefore, a depositor's account shows the amount a depositor has in the bank or the amount the bank is owing him. This therefore makes it an asset.
According to accounting principle, all assets must be debited while liabilities must credited. Since a deposit a liability to the bank, the bank credits the owner's account every time the account owner makes a deposit.
Therefore, a depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
If an investor is looking for information about a particular mutual fund, the BEST source of that information will be the (A) fund's accounting documents such as the balance sheet and income statement. (B) fund's prospectus, which contains investment strategy, management style/structure, sales load and fee structure, and more. (C) investment manager of the fund who can provide a specific listing of all investments in the fund at any given point in time during a trading day. (D) SEC, which keeps detailed files and reports on the fund, all of which are available to the public.
If an investor is looking for information about a particular mutual fund, the best source of that information will be the fund's prospectus, which contains information about investment strategy, management style and structure, sales load and fee structure, and more. Hence, Option B is correct.
What is a mutual fund?The fund, which is pooled by the company, was raised from many investors. The money will be invested in securities like stocks, bonds, or short-term debt. A portfolio is the combined holdings of all the mutual funds, which are purchased by the investors.
When a person wants to invest in a mutual fund, the easiest way to get information about the mutual fund is from its prospectus. In the prospectus, investment strategy, management style, structure, sales, and many more things are mentioned.
Thus, Option B: the fund's prospectus, which contains investment strategy, management style/structure, sales load and fee structure, and more, is correct.
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