A firm entering a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power; allows a company to benefit from economies of scope is called diversification.
What is Diversification?Diversification is the method of a company investing in various companies or market sectors to reduce business risk by mitigating exposure to any one sector or company. It is a method of risk reduction that may help investors to preserve their portfolio's value over time.
There are several types of diversification, including the following: Concentric diversification, Horizontal diversification and Conglomerate diversification
Conglomerate diversification: Conglomerate diversification is a method of diversifying a firm's product line or market segments that is unrelated to its current business. The key goal is to create a company with various operating sectors that are not related to one another.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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True or false: the operations manager is involved primarily with supply network design.
The activities director is very familiar with a few sorts of plan: procedure, design, job design, supply network design, and organizational design.
In supply chain management, what role does the operations manager play?Supply Chain Management The operations manager is in charge of managing the process of the supply chain by controlling inventory management, the production process, sales, distribution, and locating suppliers who can supply the necessary goods at fair prices.
In terms of operations management, what is network design?The process of building and modeling a supply chain to better understand the costs and time involved in bringing goods to market with the resources and locations available is known as supply chain network design.
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what is the difference between true and fair vs reasonable
assurance in Auditing ? please explain in detail
Auditing is a process that involves assessing a company’s financial statements and accounting records to ensure they are accurate, reliable, and comply with accounting standards.
It is conducted by an independent auditor, who provides an opinion on the financial statements in the form of an audit report. There are two types of audit reports: unqualified and qualified. An unqualified audit report indicates that the financial statements are accurate and reliable.
True and fair and reasonable assurance are two terms that are used in auditing to describe the level of assurance provided by an auditor. True and fair means that the financial statements are accurate and reliable, while reasonable assurance means that there is a high degree of confidence that the financial statements are accurate and reliable.
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You have a handyman services business. You have the following financial information for the month. Initial cash balance: $1,500 Projected revenue based on existing clients: $2,500 Gas: $100 Equipment maintenance fees: $300 Truck payment: $400 Payroll: $3,000 Insurance: $120 What is your projected ending cash balance for the month? Question 37 options:
A $4,000
B($80)
C $80
D $500
Answer:
$500
Explanation:
i did the test
From the given financial information the month end outcome of the Closing cash balance after considering all cash balance is $80.
What is Closing cash balance?
Closing Cash Balance or remaining cash balance refers to the remaining balance accounted by the accountant at the end of every particular period after considering all inflows and outflows of cash & cash equivalents from the opening balance of cash.
The inflows would be amount realized from the sale of goods or rendering of services, amount paid by debtors, sale of scarp, disposal of investment, etc.
Whereas outflows would be payment made to suppliers, creditors for expenses, revenue & capital expenditure of cash nature.
Following equation will give us better understanding:
Closing cash balance = Opening cash balance ($1,500) + Revenue ($2,500) - Gas ($100) - Equipment maintenance fees ($300) - Truck payment ($400) - Payroll ($3,000) - Insurance ($120) = $80.
Therefore the closing cash balance is $80.
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As you begin studying business law, you become overwhelmed by the sheer volume of laws that can affect business. You dive in and
begin the process of understanding where these laws come from; the first step in understanding how these laws apply to each other and
how they apply to your business.
You're looking at statutes that set out the penalties for forgery and learn that each state is free to make its own criminal laws that apply
just to that state. Which branch of government do you think creates statutes?
The branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
What is a business law?This refers to those law that consists of the enforceable rules of conduct that govern commercial relationships.
Some examples of business law in the country sphere covers the area of employment Law, immigration Law, Consumer Goods Sales, Antitrust, Intellectual Property, Taxes etc.
The Legislative branch creates the business law to protect the consumers and regulate business activities.
In conclusion, the branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
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What is the stock market simple definition?
Answer:
Explanation:
The stock market, also known as the equity market, is a marketplace where publicly traded companies' stocks are bought and sold. It provides a platform for companies to raise capital by selling their stocks to investors, and for investors to buy and sell stocks in publicly traded companies with the aim of earning a return on their investment. The prices of stocks are determined by supply and demand in the market and are influenced by a variety of factors, such as a company's financial performance, industry trends, and global events. The stock market is an important component of the overall economy, as it plays a significant role in the allocation of capital and influences the direction of economic growth.
Locus of control, task ability, and need for achievement are part of which element in path-goal theory?
Multiple Choice
employee characteristics
environmental factors
leader behaviors
leadership effectiveness
Path-goal theory suggests that leaders can improve the effectiveness of their subordinates by altering the path to the rewards.
The three key variables of this theory are Locus of control, task ability, and need for achievement. These are part of the follower's characteristics element in path-goal theory. The locus of control is the extent to which people believe that they can control their own behavior and environment.
People with an internal locus of control believe that they have control over the events that affect their lives, whereas those with an external locus of control believe that outside forces are responsible for their fate. Task ability refers to a person's level of competence and skill at a particular task, while the need for achievement is the desire to succeed in challenging situations.Path-goal theory also identifies four styles of leadership that are used to guide and direct subordinates toward the path to rewards. These leadership styles include directive leadership, supportive leadership, participative leadership, and achievement-oriented leadership. The effectiveness of these leadership styles is dependent on the follower's characteristics, such as locus of control, task ability, and need for achievement.
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A cost that can be easily and conveniently traced to a specific cost object is a(n) Blank 1 of 2 cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are
Answer:
Direct; indirect cost.
Explanation:
A cost that can be easily and conveniently traced to a specific cost object is a direct cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are indirect cost.
In Financial accounting, direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
1) Government regulation like licensing requirements create barriers to entry prevents new
firms from developing and marketing products and services. This is done presumably to ensure
high standards for those industries that require licenses. However, often times it can create a
dearth of individuals allowed to do the job. How stringent should licensing requirements be for
the following groups:
1. Physicians
2. Attorneys
3. Teachers
4. Accountants
5. Architects
6. Taxi drivers
Discuss this with regard to market entry and exit, market power like monopolies and
oligopolies, as well as with regard to complaints that licensing requirements often do not match
the monetary gains of certain professions.
2) Think of an industry that has only a small handful of competitors in the market. How do
these types of organizations maintain market dominance? What risks do the individual firms in
your chosen industry take in an oligopoly dominated industry?
The level of stringency which a government can have for licencing requirements for the aforementioned groups is:
It should be high because the high standards should be maintained as these occupations, with the exception of taxi drivers are absolutely necessary to the social shaping of a community or nation.What are Government Regulations?This refers to the rules and laws which a government of a country places on certain things and areas so that there can be measures of quality.
With this in mind, we can see that in non essential areas that requires low to no skill sets, then the licencing requirements should be made low to encourage more participation, but at the same time, monitoring should be enforced to ensure that they are not acting out of bounds.
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Which buyer agreement document provides the greatest advantage for you in your relationship with a potential buyer
Answer:
the buyer document is a contract documents
The buyer agreement document that provides the greatest advantage for you in your relationship with a potential buyer is a contract.
What is a contract?A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship. It establishes the rights and obligations of each party and provides a framework for resolving disputes. A contract can be written or verbal, but written contracts are generally preferred as they provide clear evidence of the parties' intentions.
If you enter into a contract with your potential buyer, the buyer will have a legal obligation to buy your product or service at a predetermined price and date. So, it guarantees that sale would happen.
Therefore, the buyer agreement document that provides the greatest advantage for you in your relationship with a potential buyer is a contract.
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In which stage of team development do project managers personalize each member's role, collaborate when possible, and assess and build members and team capability?
Project managers tailor each member's function at the team-capability phase or stage, encourage collaboration where practical, and evaluate and enhance individual and collective abilities.
At the norming stage, there is a high level of interdependency; participants routinely cooperate and voluntarily assist one another with duties outside of their own assigned responsibilities. Forming: During this phase, the team members are getting to know one another, the project management, and determining how they fit into the overall scheme of things.
Concerns about how they fit in with the group and how their abilities and skills stack up are shared by team members. Norming. Team members are developing fresh approaches to working and playing together at this level. Leadership shifts from "one" teammate in control to shared leadership as the group becomes more cohesive.
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Correct Question:
In What phase or stage of team development do project managers personalize each member's role, collaborate when possible, and assess and build members and team capability?
the federal government sets a federal minimum wage. however, many states also mandate minimum wages. in the case where federal and state wages are in conflict,
In the United States, the federal government establishes a federal minimum wage as a baseline for all states. However, states have the authority to set their own minimum wages, which can be higher or lower than the federal minimum wage.
When there is a conflict between federal and state minimum wages, the higher of the two prevails. This is because the Fair Labor Standards Act (FLSA) mandates that employees must receive the highest applicable wage rate. Consequently, employers are required to pay their workers a higher wage rate to comply with both federal and state regulations.
For example, if the federal minimum wage is $7.25 per hour, and a state has a minimum wage of $10.00 per hour, employees in that state must be paid at least $10.00 per hour. This ensures that workers receive fair compensation and protection under both federal and state laws.
In summary, when federal and state minimum wages conflict, the higher wage rate prevails, and employers must comply by paying their employees accordingly. This is in accordance with the Fair Labor Standards Act, which guarantees the highest applicable wage for workers.
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8300 dollars is placed in an account with an annual interest rate of 6. 5%. How much will be in the account after 14 years, to the nearest cent?.
The amount in the bank after the period of 14 years at 6.5 % interest is $15,853.
The interest is the amount that is paid by the party at the annual rate of interest for a given period on the principal amount.
Computation for Amount after 14 yearsThe interest (I) added to the amount is given as:
\(I=\dfrac{P\;\times\;R\;\times\;T}{100}\)
The given principal amount, \(P=8300\;\\)
The rate of interest is, \(R=6.5\;\%\)
The time for the interest is, \(T=14\;\rm years\)
Substituting the values for the interest,
\(I=\dfrac{8300\;\times\;6.5\;\times\;14}{100}\\ I=7553\; \\)
The amount of interest added to the base amount after 14 years is, $7553.
The total amount in the account after 14 years is:
\(\rm Total\;amount=Principal\;amount\;+\;Interest\\\\Total\;amount=8300\;+\;7553\;\$ \\\\Total amount=15,853\;\\)
The amount in the bank after the period of 14 years at 6.5 % interest is $15,853.
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What are the 3 key questions that every economy/society must answer?
Answer: what will be produced, how will it be produced, and how will the output society produces be distributed
Explanation: Just took the quiz.
What term is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase?
The term that is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase is Personal selling.
What Exactly Is "Personal Selling"?
Personal selling, usually referred to as face-to-face selling, is the process of one salesperson persuading a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents in an effort to close a deal.
Personal selling is a face-to-face sales strategy where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. Frequently, businesses attempt to adopt this strategy.
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Business owners and entrepreneurs have to make major decisions every single day that impact the well-being of their company and life—what decisions do you make on a daily basis that may have a huge impact on your life? Explain and discuss.
Business owners and entrepreneurs enterprise proprietors and entrepreneurs need to make important choices every single day that impact the well-being of their corporation and lifestyles.
The organization owner needs to approve the standards and strategies for hiring the ablest personnel. He should additionally make alternatives approximately job descriptions, employee roles, and responsibilities. additionally the agency owner has the very last say on topics that include compensation and advantages structures for his employees.
As a manager, many of your commercial enterprise decisions might also have an effect on personnel and customers. Your selections can affect a worker's getting to know and schooling, paintings-life-style stability, productiveness, fitness, and interplay with clients.
Reason-putting is the primary and essential step in making plans manner. goals are described at the organizational, branch, and man or woman level and are intended to be finished in the future in a specific term. An aim may be a quick-time period, mid-time period, or lengthy-time period.
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Bridgette wants to have $325,000 when she retires in a year. If she currently has $300,000 to put in a 1-year CD, which of these APRS and compounding periods will allow her to reach her goal?
A. An APR of 8.03% compounded quarterly
B. An APR of 8.11% compounded semiannually
C. An APR of 8.02% compounded monthly
D. An APR of 8.01% compounded daily
Answer:D
Explanation:
i just took quize lol
which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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An airline announced they would discontinue a flight that was no longer profitable. The very next day, bookings for that flight increased dramatically. This is an example of which principle of influence
The airline announcing the discontinuation of the flight, which was no longer profitable, prompted a sudden surge in reservations for the flight, demonstrating the Scarcity principle of influence.The principle of influence that is exemplified in this scenario is the Scarcity principle of influence.
What is the Scarcity principle of influence?The scarcity principle of influence is an aspect of the science of persuasion that argues that individuals are more attracted to items that are scarce or seem to be scarce. In other words, if people think an item is rare or in limited supply, they will believe it is more valuable, and as a result, they will be more motivated to buy it.
This is because the announcement made it appear as though the flight was scarce, implying that it was of high quality or value, which attracted more people to book it. Hence, the principle of influence that is exemplified in this scenario is the Scarcity principle of influence.In summary, the principle of influence that is exemplified in this scenario is the Scarcity principle of influence.
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next, state the topic you selected, why you selected it, and how you narrowed the topic to a specific issue after conducting research
Hey guys, there were too many words to fit in here but I provided a link to the answers :).
Hello!!
I recently completed this activity and was asking the same question!
I got help from the another brainly user ( rcurrin2005 )that answered this question (thank you so much, btw!!) and created a PDF with his answers and I thought I would too!
Now remember, do not plagiarise! I hope it helps! Have a great day and good luck!
Which of these statements about a business plan is true?
A. Businesses do not need to document a business plan.
B. Established businesses do not create a business plan.
C. A business plan is a business’s roadmap for the future.
D. A business plan guarantees a business’s success.
Answer:
The correct answer would be option C, A business plan is a business's road map for the future.
Explanation:
A business plan is basically a written document, in which the goals of the company are written down. The methods to achieve those goals are also written down and the time to achieve the goals are specified. Goals with timelines and deadline are written. This helps a business in setting up a road map to move towards the set goals of the company. Established businesses always create and follow business plans as business plans guarantee a business's success.
Answer: C. A business plan is a business’s roadmap for the future.
the idea that the quantity of materials tends to decline as the distance from the source of those materials increases is the basic tenant behind:
The idea that the quantity of materials tends to decline as the distance from the source of those materials increases is the basic tenant behind diminishing returns.
The law of diminishing returns is a microeconomic principle that describes the relationship between the marginal output of a variable input and the amount of that input used, holding all other inputs constant at a fixed level. It is a basic rule of production that, as more of a single variable input is added to a fixed quantity of other inputs, the marginal product of the variable input will eventually decrease.
According to the law of diminishing returns, as additional increments of labor and capital are applied to a fixed amount of land, the amount of output per unit of input produced will eventually decrease.
As a result, the production cost per unit of output will eventually increase, resulting in lower profits or higher prices for the consumer, which will cause the demand to decrease.
The law of diminishing returns implies that, for every production process, there exists a point at which additional input will result in diminishing output.
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Which of the following is an example of a soft skill?
O A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
The ability to work well with project teamwork of the following is an example of a soft skill. The correct option is C.
Soft skills are character traits that help people interact with others positively and successfully. They are immaterial and typically do not pertain to a particular profession or sector of the economy. Soft skills examples include emotional intelligence, teamwork, problem-solving, flexibility, leadership, and communication.
The traits and aptitudes that enable you to work successfully with others during discussions, projects, meetings, or other collaborations are known as teamwork skills. Your capacity for effective communication, attentive listening, responsibility, and honesty are all necessary for teamwork.
Thus, the ideal selection is option C.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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The Patriot Act expired in 2015 and was replaced by the _____, which modified some of the Patriot Act's provisions and allowed many of its questionable practices to continue.
In 2015, the Patriot Act expired and was replaced by the USA Freedom Act, which modified some of the Patriot Act's provisions and allowed many of its questionable practices to continue.
The USA Freedom Act aimed to balance national security and civil liberties by implementing changes to surveillance programs. It ended the bulk collection of phone metadata, requiring intelligence agencies to request specific records through the FISA court.
Additionally, the Act provided increased transparency by declassifying certain FISA court opinions and allowed for the appointment of amicus curiae to represent privacy interests during court proceedings. However, critics argue that the USA Freedom Act still permits invasive surveillance practices, only with minor adjustments to the previous system.
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the audit procedures used in an observation of the client's physical inventory taking are designed primarily to
The audit procedures used in the observation of the client's physical inventory taking are designed primarily to ensure the inventory is accurately stated in the financial statements.
What is a physical inventory? Physical inventory is a process of counting or measuring each item in inventory to determine its total quantity. When a company performs a physical inventory count, it examines each item on hand, compares the amount counted to the amount recorded in its inventory records, and makes adjustments as necessary.
The audit procedures used in the observation of the client's physical inventory taking are designed primarily to ensure that the inventory count is accurately stated in the financial statements. The audit procedures are mainly intended to detect errors and fraud and to evaluate the effectiveness of the client's controls over the inventory observation.
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If I were journalizing a prepaid expense, prepaid rent to be specific, what journal would I journalize the transaction in?
I know I have to debit prepaid rent and credit cash in bank, I just don't know which journals to use.
The journal entry for prepaid rent would be a debit to Prepaid Rent and a credit to Cash or Bank Account.
If you are journalizing a prepaid expense for prepaid rent, the journal entry would be
Debit - Prepaid Rent
Credit - Cash or Bank Account
The debit to Prepaid Rent account will increase the balance of the prepaid rent asset account, which represents the portion of rent that has been paid in advance but has not yet been used or consumed. The credit to Cash or Bank Account will decrease the balance of the cash or bank account, reflecting the payment made for the prepaid rent.
The journal entry records the payment of rent in advance as a prepaid expense, which will be recognized as an expense over the period for which the rent has been paid. As time passes, a portion of the prepaid rent will be recognized as an expense in the income statement, and the balance in the prepaid rent account will be reduced accordingly.
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What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator
Answer:
b
Explanation:
Answer:
facilitator
Explanation:
4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!