An order______ is a salesperson who identifies prospective customers, provides them with information, persuades them to buy, and follows up with them about the use of the product.
getter
Answers
An order taker is a salesperson who identifies prospective customers, provides them with information, persuades them to buy, and follows up with them about the use of the product.
Who is an Order taker?
An order taker is a salesperson who is mainly responsible for receiving and processing orders from clients. He or she focuses on making the process of buying as quick and easy as possible for the customer by offering excellent customer service and providing assistance and advice if required, but he or she does not actively search for clients. As a result, order takers usually work for businesses that sell high-demand, frequently ordered items, such as food and beverage, office supplies, and gasoline.
On the other hand, an order-getter is a salesperson who identifies prospective customers, provides them with information, persuades them to buy, and follows up with them about the use of the product. They are typically responsible for finding new clients, making cold calls, and using marketing tactics to build up a customer base. Order getters usually work for businesses that sell more expensive, high-profit products or services such as real estate, automobiles, and industrial machinery.
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Related Questions
The FBI special agent today likely has one or more of which of the following academic credentials? (Select all that apply.)
a firearms maintenance degree from an accredited community college
a juris doctorate degree from an accredited law school
an accounting degree and completion of the certified public accounting exam
fluency in one or more relevant foreign languages
Answers
Answer: i know its def a firearms maintenance degree from an accredited community college
Explanation:
There should be no minimum wage in America. Workers should negotiate their pay! Do you agree with this statement? Why or why not?
Answers
Answer:
Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.
Hope that helps
Initially you are going to work with a buyer as a transaction broker. before showing property you will provide the buyer with a:____.
Answers
Initially you are going to work with a buyer as a transaction broker, before showing property you will provide the buyer with a prospectus.
Prospectus is a legal document in which all the details are described about the organisation or the workplace associated. A transaction broker would keep all the details regarding the things he she is dealing with the third party organisation.
A proforma is been provided to the third party to assist in the relativeness, place and the amount which is to be considered while negotiating property.
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Which transaction caused John to overdraw his account?
Answers
By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.
What does overdrawing an account mean?A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.
One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.
Hence, Option (C ) is the accurate one.
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Your question is incomplete, probably the complete question is:
Which transaction caused John to overdraw his account?
(A) The Online Bill Payment of $146.67
(B) Check No. 409 for $100
(C) Check No. 410 for $710.49
(D) The Overdraft Fee of $35
Date: May 10
To: All Employees
From: Anne Leller Manager, Classic Car Restoration Inc.
Subject: Three Shelby Mustangs
You all have to work overtime next week because we must have the three 1965 Shelby Mustangs ready for Bruce Willis, one of our best clients. sure to use all original engine parts and to add a top-of-the-line clear coat on all three cars.
We have to make Additionally, the client purchased the original radios for each car, so we have to install those too.
I apologize for any inconvenience, but, unfortunately, I am unwilling to make exceptions to this request.
(1) What critique can Hubert make of the closing of the letter?
a. Closes with a forward look
b. Explains the bad news sensitively
c. Offers a negative-sounding apology
Answers
Hubert can critique the closing of the letter from Anne Leller, the manager of Classic Car Restoration Inc, by pointing out that it offers a negative-sounding apology. The correct option is c).
This is because while Anne apologizes for any inconvenience caused, she also clearly states that she is unwilling to make exceptions to the request for the three 1965 Shelby Mustangs to be ready for Bruce Willis, one of their best clients.
Anne's closing could have been more sensitive and empathetic, acknowledging the impact of the overtime request on the employees and thanking them for their hard work and dedication. She could have also expressed appreciation for their commitment to delivering quality work, particularly in ensuring that the cars are ready with original engine parts and top-of-the-line clear coat.
Additionally, she could have provided assurance that their efforts will be recognized and rewarded. Hubert could also suggest that Anne include a forward look in her closing, such as outlining future opportunities for growth and development within the company, or sharing exciting news about upcoming projects or partnerships. This can help to motivate and engage employees, even in challenging situations where overtime may be required.
Hubert can critique the closing of the letter for its negative tone and lack of sensitivity towards employees. He can suggest that Anne include a more empathetic and appreciative message, as well as a forward look to inspire and motivate the team.
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a pure monopoly is unlikely to achieve allocative efficiency because
Answers
A pure monopoly is unlikely to achieve allocative efficiency because it has a market power that allows it to charge higher prices and produce lower quantities than would be observed under competitive conditions.
A pure monopoly exists when a single seller or producer dominates the market for a good or service, with no close substitutes. Pure monopoly exists when a single producer supplies the entire output of a good or service for which there are no close substitutes. The monopolist is in a position to influence the price of the product, but the supply curve for the monopolist is the market demand curve because the monopolist is the only seller. Under these circumstances, the monopolist, as the sole supplier, has full control over the price and output.
As a result, it produces less quantity at a higher price, resulting in reduced consumer welfare and economic efficiency. Allocative efficiency is unlikely to be attained because a pure monopoly does not have to respond to market demand or adjust its production to meet the preferences of consumers. A monopolist can act in its self-interest by charging a high price and reducing output, which can lead to a deadweight loss (reduced economic efficiency). Therefore, pure monopoly is often considered socially harmful due to its negative effects on consumer welfare and economic efficiency.
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The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answers
Answer:
The most correct answer is D
What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answers
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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oriole electronics purchased packaging equipment for $660,000 cash on july 1, 2022. management estimates the equipment can package 880,000 inventory units and will be productive for 5 years
Answers
The annual depreciation expense for the packaging equipment is $132,000.
To calculate the depreciation expense for the packaging equipment purchased by Oriole Electronics, we need to determine the annual depreciation amount using the straight-line depreciation method.
The formula to calculate straight-line depreciation is:
Depreciation Expense = (Asset Cost - Salvage Value) / Useful Life
Given the following information:
Asset Cost (purchase price) = $660,000
Useful Life = 5 years
We don't have information about the salvage value of the packaging equipment, so we'll assume it has no salvage value (i.e., it will be fully depreciated by the end of its useful life).
Using the formula above:
Depreciation Expense = ($660,000 - $0) / 5
Depreciation Expense = $132,000 per year
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When comparing levered versus unlevered capital structures, leverage works to increase eps for high levels of ebit because interest payments on the debt:_____.
Answers
When comparing levered versus unlevered capital structures, leverage works to increase eps for high levels of ebit because interest payments on the debt stay fixed, leaving the remaining income to be distributed among less shares of stock.
Interest payment on debt capital will be remaining fixed in nature. The interest payments are generally deducted from the total earnings and the remaining earnings are distributed between the lower number of shareholders of the company so the Earning per share will be increasing and hence leverage will be working to increase the Earning per share.
The interest is not changing with changing levels of earnings and risk of debt capital is not always greater than risk of equity to increase the total earnings.
An interest payment is based upon the annual interest rate and the principal amount outstanding for the period. Presuming that you are making interest payments only on a term loan, divide the interest rate stated in the loan documents by the number of payments made in a year. Multiply the result times the principal outstanding.
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You are creating the resource management plan for a project you are managing. Which item is the BEST source to consult when determining the human resource needs for the project?
Answers
When creating a resource management plan for a project, the BEST source to consult when determining the human resource needs is the "project scope statement." The project scope statement provides a detailed description of the project's objectives, deliverables, and requirements, which helps you identify the necessary skills and expertise needed for the project.
This information will guide you in effectively allocating human resources and creating a well-structured management plan.
The best source to consult when determining the human resource needs for a project in the resource management plan is the project scope statement, which outlines the objectives, deliverables, and stakeholders of the project. This document helps in identifying the roles and responsibilities required to complete the project successfully and provides information about the skills and expertise needed to accomplish each task.
Additionally, it is essential to consult with team members and stakeholders to ensure that all necessary human resources are included in the plan.
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Which of the following is usually an effect of an embargo?
A. Prices fall because consumers have more options
B. Prices rise because consumers have fewer options
C. Countries benefit because open trade is encouraged
D. Smaller countries give in to the demands of larger countries
Answers
Answer: b
Explanation:
Answer: Correct option is B
Price rise because consumers have more options
Explanation: Lack of competition drives up INCREASE in the prices for consumers. In a price of increase for such product such as drugs. As fewer large players have controlled more of the market, mark-ups have tripled increase the price, and consumer has a few options. Families are paying higher prices for necessities things like prescription drugs, hearing aids, and internet service. Prohibited for such product so that's why the price will rise in this condition consumer have fewer option.
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What is the primary difference between common and preferred stockholders?
A. Common stockholders have a higher claim on the business.
B. Preferred stockholders are the only ones who can vote for the
board of directors.
C. Common stockholders are required to be employees of the
business.
D. Preferred stockholders have greater security.
SUBMIT
Answers
Answer:
D
Explanation:
Preferred stock holders have greater security.because in the event of the business failure,they have the first claim in the distribution of company assets.
I hope this helps
callie withdraws 600 from her bank account, which the bank had already loaned out to customers. if the reserve requirement is 15%, by how many dollars must her bank reduce its lending
Answers
Her bank's lending must be reduced by $510 if the reserve is 15%.
What is the lending meaning?When someone permits another individual to borrow something, this is known as lending (sometimes known as "financing"). The lender lends the borrower money, real estate, or another asset with the understanding that now the student will either repay the asset or pay back the lender.
What does financing lend?The procedure is known as lending or accepting a loan when a lender extends funds to a person or business with a specific guarantee of based on the assumption that the borrower would repay the borrowed funds with particular extra perks, like an interest rate.
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a situation in which goods are not fairly distributed is called
Answers
A situation in which goods are not fairly distributed is called "inequality" or "economic inequality."
This is a circumstance in which some people or groups are wealthier, have more resources, or have easier access to products and services than others. This may be the result of a number of things, such as disparities in income, education, or access to opportunities, and it may provide serious social, economic, and political difficulties. Inequality can also have an adverse impact on social mobility and economic growth, as well as the access to basic necessities like food, housing, and healthcare. A multifaceted strategy is needed to address the complicated problem of economic inequality, including measures to reduce poverty, expand access to education and employment opportunities, and encourage economic growth and prosperity for all.
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Monopolistic competition is a market condition with which major feature
Answers
Answer:
O C. Different businesses compete to sell similar products.
Explanation:
Here are the options :
A. Many businesses freely produce the same product.
O B. Only one business controls an entire industry.
O C. Different businesses compete to sell similar products.
O D. A few huge businesses control an industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
Monopolistic competitive firms engage in advertising for their products
An example of monopolistic competition are restaurants
Answer:
A is correct
Explanation:
different businesses compete to sell similar products
Not including a warning label about choking hazards on the box of a new toy
is an example of a defect issue.
0
A. marketing
B. warranty
c. manufacturing
o
D. design
Answers
The warning label should inform customers of the risk and offer guidance on how to use the product safely. Thus, option A is correct.
What warning label about choking hazards in marketing?In the US, warning labeling laws must include everything from fall and strangling threats to suffocation hazards and small parts.
This manual provides a succinct explanation of the warning labeling regulations for children's products in the US.
Because of this, the American National Standards Institute mandates that warning labels on products provide the following information: Potential dangers and their seriousness.
Not all items need to carry warning labels, but those that could be harmful or pose a risk to consumers must.
Therefore, marketing is not including a warning label about choking hazards on the box of a new toy is an example of a defect issue.
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Answer: MArketing would be the answer
Explanation: I just took the test
Which of the following would be the best measure on which to base a segment manager's performance evaluation for purposes of granting a bonus?
A. Segment sales revenue.
B. Segment contribution margin.
C. Profit margin controllable by the segment manager.
D. Segment profit margin.
E. Segment net income.
Answers
The best measure to base a segment manager's performance evaluation for granting a bonus would be C. Profit margin controllable by the segment manager.
What does this measure?This measure focuses on the manager's ability to control costs and maximize profits within their segment. It takes into account not only the revenue generated by the segment, but also the expenses incurred in order to generate that revenue.
By using this measure, the manager is incentivized to not only increase revenue but also to ensure that expenses are kept under control. This measure also allows for a more accurate assessment of the manager's individual performance within their segment.
Overall, using profit margin controllable by the segment manager would be the most effective way to evaluate a manager's performance and determine if they deserve a bonus.
Hence option c. is correct.
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The management of the University of Professional Studies, Accra intends to ascertain students’ satisfaction on campus. You have been asked to conduct qualitative research on behalf of the management. Require:
a. Formulate an appropriate research topic for the study. [4 marks}
b. State two research objectives and Questions. [4 marks]
c. State an appropriate sample size. Justify [4 marks]
d. Design a topic-based interview guide (including three topics and three sub-topics pertaining to each topic)
Answers
Research Topic: Students' Satisfaction on Campus at the University of Professional Studies, Accra.
Research Objectives:
Objective: To assess students' overall satisfaction with the campus facilities.
Research Question: How satisfied are students with the available campus facilities, such as classrooms, libraries, and recreational areas?
Objective: To understand students' perception of academic support services provided by the university.
Research Question: How do students perceive the quality and accessibility of academic support services, such as tutoring, career counseling, and academic advising?
Sample Size Justification:
The appropriate sample size for this qualitative research would depend on the specific research methodology chosen, such as interviews or focus groups, as well as the desired level of depth and detail in the analysis. A recommended sample size could be around 20-30 participants. This number allows for a diverse range of perspectives while ensuring manageable data collection and analysis.
Interview Guide:
Topic 1: Campus Facilities
Sub-topic 1: Classroom Facilities
Sub-topic 2: Library Resources
Sub-topic 3: Recreational Areas
Topic 2: Academic Support Services
Sub-topic 1: Tutoring Services
Sub-topic 2: Career Counseling
Sub-topic 3: Academic Advising
Topic 3: Campus Environment
Sub-topic 1: Safety and Security
Sub-topic 2: Social and Cultural Activities
Sub-topic 3: Campus Amenities
These topics and sub-topics will serve as a guide to explore students' experiences, perceptions, and satisfaction levels related to various aspects of campus life, enabling a comprehensive understanding of their satisfaction on campus.
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Why is it virtually important to understand the fees your bank may charge on your checking account
Answers
Answer:
Explanation:
When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well. It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.
Why are food trucks' costs typically lower than those of a traditional brick-and-mortar
restaurant?
Answers
Answer:
Being mobile, food trucks can simply drive to a more profitable site if a location is not cutting it. Food trucks don't bear the larger overhead of brick-and-mortar restaurants. The costs of wide-ranging staff, utilities and property taxes of typical brick-and-mortar restaurants can really stack up.
Which symbol should you use for entering a formula in a cell?
A. +
B. =
C. $
D. ÷
E. #
Answers
Answer:
b) =
Explanation:
The equal sign ( = ) is the symbol that should be used for entering a formula in a cell. Hence, option (b) is the answer.
Using each company records and going through a thorough transactional analysis, you are now
recording all of the transactions that should have been previously recorded, when they originally
occurred.
Please Prepare a Journal entry for the following:
1.Joseph Moss and Michael Barber organized their Law firm as a partnership on January 1, 2019. Mr. Moss's initial net investment is $ 110,000, consisting of cash ($30,000 ), equipment ($90,000) , and a payable reflecting a bank loan for the new business ( $10,000). Mr. Barber's initial investment is cash only ($ 40,000).
2.During its first year of operation ( 1-1-19 to 12-31-19 ), the partnership earned $ 160,000. The partners agreed to share income by giving a $50,000 per year salary allowance to Mr. Moss, a 40,000 per year salary allowance to Mr. Barber , 10% interest on their initial capital investments , and the remaining balance shared equally.
3.On January 1, 2020 the Partners agreed to admit a new Partner , Sara Dasani who will contribute assets to the Firm in the form of a Building . The Building has a market value of $ 80,000 Ms. Dasani is to receive a 15% interest in the new Partnership . The Partnership Agreement states that " Any attributed Bonuses for new Partner Admissions will be split equally".
4.Throughout 2020, the Firm operated at breakeven, with no profit or loss. Due to several disagreements among the Partners, on 12/31/2020, the Firm decided to dissolve. Based on your analysis to date, you prepare a 12/31 / 2020 Trial Balance. The Partnership ceases active operations effective 1-1-2021 and begins the liquidation process. On 1-15-21 the Equipment is sold for 40,000 . On 1-25-21 the Building is sold for 90,000. No Depreciation was ever taken on either asset and now this will be incorporated into any Gain or Loss generated by the disposal of the assets, rather than recording backdated depreciation . As per that Partnership Agreement , all Gains and Losses on Assets disposals are shared equally On 1-28 21, the Firm pays off all of its outstanding obligations . On 1-31-21 , the Firm makes final distributions to the Partners.
Answers
The journal entries provided reflect the various transactions and events related to Joseph Moss and Michael Barber's law firm. These entries capture the initial investments, earnings, admission of a new partner, dissolution of the partnership, payment of obligations, and final distributions.
It is important to accurately record these transactions to maintain accurate financial records and ensure proper accounting for the firm's activities.
Journal Entry for Joseph Moss and Michael Barber's Law Firm:
1. To record the initial investment of Joseph Moss:
Debit: Cash $30,000
Debit: Equipment $90,000
Debit: Notes Payable $10,000
Credit: Joseph Moss, Capital $130,000
2. To record the initial investment of Michael Barber:
Debit: Cash $40,000
Credit: Michael Barber, Capital $40,000
3. To record the partnership's earnings:
Debit: Income $160,000
Credit: Joseph Moss, Salary $50,000
Credit: Michael Barber, Salary $40,000
Credit: Joseph Moss, Capital ($110,000 x 10%) $11,000
Credit: Michael Barber, Capital ($40,000 x 10%) $4,000
Credit: Joseph Moss, Capital (Remaining balance)
Credit: Michael Barber, Capital (Remaining balance)
4. To record the admission of Sara Dasani as a new partner:
Debit: Building $80,000
Credit: Sara Dasani, Capital $80,000
5. To record the dissolution of the partnership:
Debit: Equipment $40,000
Debit: Building $90,000
Credit: Gain on Sale of Equipment $40,000
Credit: Gain on Sale of Building $90,000
Credit: Joseph Moss, Capital (Share of gains)
Credit: Michael Barber, Capital (Share of gains)
6. To record the payment of outstanding obligations:
Debit: Accounts Payable
Credit: Cash
7. To record the final distributions to the partners:
Debit: Joseph Moss, Capital
Debit: Michael Barber, Capital
Debit: Sara Dasani, Capital
Credit: Cash
1. The first journal entry records Joseph Moss's initial net investment, which includes cash, equipment, and a payable reflecting a bank loan. This increases Joseph Moss's capital account.
2. The second journal entry records Michael Barber's initial investment, which is in the form of cash. This increases Michael Barber's capital account.
3. The third journal entry records the partnership's earnings. It includes salary allowances for Joseph Moss and Michael Barber, interest on their initial capital investments, and the remaining balance shared equally. The earnings increase the income account, while the salary allowances and interest increase the respective partners' capital accounts.
4. The fourth journal entry records the admission of Sara Dasani as a new partner. It includes the contribution of a building, which increases Sara Dasani's capital account.
5. The fifth journal entry records the dissolution of the partnership. It includes the sale of equipment and building, with gains on disposal shared equally between the partners. The gains increase the partners' capital accounts.
6. The sixth journal entry records the payment of outstanding obligations. This decreases the accounts payable and is offset by a decrease in the cash account.
7. The seventh journal entry records the final distributions to the partners. It decreases the partners' capital accounts and is offset by a decrease in the cash account.
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Jay asks his friends for advice: "Should I start doing mobile banking now that I've got my new smart phone?" Which friend is correct in their statement on the benefits of mobile banking?
Answers
The benefits of mobile banking include Convenience, time saving, Easy to monitor, Bank on the go and many more.
What is mobile banking?Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). Advantages to mobile banking include the ability to bank anywhere and at any time.
Mobile banking typically uses an app that is provided by the financial institution for this purpose. Mobile banking is available on a 24-hour basis and is often dependent on the availability of an internet or data connection to the mobile device.
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DuraValue mutual fund gains 20% in year one. It gains 10% in year two. It gains 30% in year three. What is the average annual return of the fund
Answers
Based on the information given the average annual return of the fund is 20%.
Using this formula
Average annual return=(Year one percentage gain+ Year two percentage gain +Year three percentage gain)/ 3 years
Where:
Year one percentage gain=20%
Year two percentage gain=10%
Year three percentage gain=30%
Let plug in the formula
Average annual return=20%+10%+30%/3
Average annual return=60%/3
Average annual return=20%
Inconclusion the average annual return of the fund is 20%.
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a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.
Answers
A firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm is a key concept in economics. It means that a firm aims to hire workers at a wage that is equal to the value they bring to the company.
To understand this concept, let's break it down step by step:
1. The firm's goal is to maximize profits. This means that the firm wants to earn as much revenue as possible while minimizing costs.
2. Workers contribute to the firm's productivity. Each worker has a certain level of productivity, which is the amount of output they can produce in a given period of time.
3. The value of a worker's marginal productivity refers to the additional value or output that is generated by hiring one more worker. It is calculated by looking at the increase in total output when one additional worker is added.
4. A firm will pay a worker a wage that is equal to or less than the value of their marginal productivity. If the firm pays more than the value of the worker's marginal productivity, it would be incurring a cost that exceeds the additional value generated. This would reduce the firm's profits.
To illustrate this concept, let's consider an example:
Suppose a bakery employs 5 bakers and each baker can produce 100 loaves of bread per day. The value of the marginal productivity of the 6th baker is 80 loaves of bread per day. If the bakery pays the 6th baker a wage higher than the value of 80 loaves of bread, the firm would be paying more than the additional value the baker brings. This would decrease the firm's profits.
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The statement "a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm" is an important concept in economics. It refers to the idea that firms aim to maximize their profits by hiring workers whose productivity generates more value than the cost of employing them.
Here's a step-by-step explanation:
1. Profit maximization: The primary goal of any firm is to maximize its profits. Profit is calculated by subtracting the total costs of production from the total revenue generated.
2. Marginal productivity: Marginal productivity refers to the additional output or value that is generated by employing an additional unit of labor (worker). It measures how much extra output is produced when one more worker is hired.
3. Worker's value: The value of a worker's marginal productivity is determined by how much additional output or revenue the firm can generate by employing that worker.
4. Determining wages: To maximize profits, a firm will consider the value of a worker's marginal productivity when deciding how much to pay them. The firm will not pay more for a worker than the value they contribute to the firm's output or revenue.
For example, let's say a firm hires a worker for a certain task. If the worker's marginal productivity is high and they contribute significantly to the firm's output or revenue, the firm would be willing to pay them a higher wage. However, if the worker's marginal productivity is low and they do not contribute much value to the firm's output or revenue, the firm would not be willing to pay them a higher wage.
In summary, the statement suggests that firms will only pay workers wages that align with the value of their marginal productivity. This helps firms maximize their profits by ensuring that the cost of employing a worker does not exceed the value they bring to the firm.
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Commingling is mixing the money of the agent and the principal together.
A. True
B. False
Answers
True.
Commingling is the unlawful use of a client's funds by a licensee, often mixing their own funds with the client's.
Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
Answers
Answer:
Success, Power, and Politics in the Workplace.
Strive to Understand and Support His Goals.
Communicate at the Right Volume.
Be Careful With the Water Cooler Conversations.
Save Her From Unwelcome Surprises.
Always Go in With a Plan.
Build Bridges Across the Organization.
Show off Your Work Without Being Obnoxious.
Explanation:
Answer:
Learning other tasks makes u more efficient your boss will begin to value u and your efforts to make his work better
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
which type of stockholders usually has the right to vote and control the board of directors?
Answers
Common stockholders usually have the right to vote and control the board of directors.
Common stockholders are given voting rights, which they can use to elect the board of directors, approve or reject proposed mergers and acquisitions, and make other important decisions. These stockholders typically have one vote per share of stock they own, and the number of shares they own determines their percentage of voting power in the company. In contrast, preferred stockholders usually do not have voting rights, but they do have priority in receiving dividends over common stockholders. As a result, common stockholders have more control over the company's direction and decisions.
Learn more about Stockholders here:
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