(a) Centralized budgeting can demotivate employees at Sonic Corp. by limiting their participation in the process, making them feel disconnected and reducing their sense of ownership and commitment.
The lack of employee participation can lead to reduced motivation, as employees may perceive their efforts as less meaningful or influential in achieving the budget goals. Additionally, centralized budgeting may not consider the valuable insights and knowledge that employees possess, resulting in less accurate and realistic budget targets.
Determine how the centralized budgeting?With centralized budgeting, the decision-making power lies solely with Sonic Corp., and employees are not actively involved in setting budget goals or providing input. This approach can create a sense of disempowerment among employees, as they are not given the opportunity to contribute their ideas and suggestions.
As a result, employees may feel less motivated to work towards the budget targets since they were not involved in the decision-making process. Furthermore, when employees are not engaged in the budgeting process, they may lack a sense of ownership and commitment towards achieving the budget goals, leading to reduced motivation and performance.
(b) (i) The nature of responsibility center for the production division of Sonic Corp. is a cost center. The production division is responsible for manufacturing and production processes. Its performance is evaluated based on cost efficiency, quality control, and meeting production targets. The concept that supports responsibility center management in this case is cost control, as the production division's objective is to achieve efficient production processes.
A cost center focuses on controlling and minimizing costs while delivering the desired level of output or service. The production division in Sonic Corp. is primarily concerned with managing costs associated with manufacturing operations, ensuring efficient utilization of resources, and optimizing production processes.
Its responsibility is to produce goods in a cost-effective manner while maintaining quality standards.
(ii) The nature of responsibility center for Sonic (Hong Kong) Co. is a profit center. Sonic (Hong Kong) Co. operates the retail stores in Hong Kong and is responsible for generating revenue and maximizing profitability. Its performance is evaluated based on sales revenue, gross profit margin, and overall profitability.
A profit center is responsible for both generating revenue and managing costs to achieve profitability. Sonic (Hong Kong) Co. operates the retail stores and focuses on driving sales, managing inventory, and controlling expenses to maximize profits.
(c) Two financial performance measures for Sonic (Vietnam) Co. could be:
(i) Return on Investment (ROI): This measure evaluates the profitability of Sonic (Vietnam) Co.'s investments by comparing the net profit generated to the invested capital. It provides insights into the efficiency and effectiveness of capital utilization.
(ii) Gross Profit Margin: This measure assesses the profitability of Sonic (Vietnam) Co.'s operations by determining the percentage of revenue remaining after deducting the cost of goods sold. It indicates the company's ability to generate profit from its products or services.
(d) Non-financial performance measures for each objective:
(i) Increase market share: Customer satisfaction index, which measures the level of satisfaction among Sonic Corp.'s customers and indicates the company's ability to attract and retain customers.
(ii) Provide excellent service to customers: Customer retention rate, which measures the percentage of customers who continue to purchase from Sonic Corp. over a specific period. It reflects the company's ability to maintain customer loyalty and satisfaction.
(iii) Establish competitive edge in product and process innovations: Number of new product launches, which measures the frequency of introducing innovative products to the market. It reflects Sonic Corp.'s commitment to staying ahead of competitors through continuous product development.
(iv) Develop efficient production processes with the latest information technology: Production cycle time, which measures the time taken to complete the entire production process from start to finish. It indicates the efficiency of Sonic Corp.'s production operations and the effectiveness of integrating information technology.
(e) The research and development division could support the objective of establishing a competitive edge in product and process innovations. By investing in research and development activities, such as market research, trend analysis, and technological advancements, the division can identify customer needs, drive product innovation, and enhance production processes.
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According to the segment, when is career testing most effective?.
According to the segment career testing is most effective when it is When it is guided by a trained career counselor.
What is career testing?
These are assessments that are done to determine the skills that a person has for future jobs.
Career testing is very important for determining the core skills of a person and their soft skills. A counselor is very effective in helping out here:
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if valerie purchases ankle socks at $5 and gets 25 units of marginal utility from the last unit, and bandanas at $3 and gets 12 units of marginal utility from the last bandana purchased, she
Valerie's total cost for the ankle socks and bandanas is $8 ($5 for the ankle socks and $3 for the bandanas).
She will receive a total of 37 units of marginal utility (25 units from the last ankle sock purchased and 12 units from the last bandana purchased). The marginal utility per dollar spent is 4.625 (37 divided by 8).
Marginal utility is the additional satisfaction or benefit that a consumer may gain from the consumption of an additional unit of a good or service. It is the increase or decrease in the utility that an individual gains from consuming an additional unit of a good or service.
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match the name to the letter indicating the functional business area within the enterprise system finance
Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels.
Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels. By tightly synchronizing their business operations, enterprise apps enable firms to become more adaptable and productive.
Four main corporate apps are as follows:
Business systemsSystems for managing the supply chainSystems for managing customer relationshipsInformation management techniquesEach of these enterprise applications combines a related set of operations and business procedures in order to improve organizational performance overall.
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What is The movement of the economy from
one condition to another ohd bach again?
Answer:
Business Cycles is the right answer
Explanation:
The sales interns of Nortrom Inc., an electronics company, call the company's potential clients and inform them about the company's various products and offers. In this scenario, the sales interns of Nortrom Inc. are engaged in _____.
Answer:
whys it taking so long to load bro
Explanation:
Which is considered part of a person’s income for the year?
Answer:
Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
Explanation:
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
5. What is one benefit of having a career as opposed to a job?
A:advancement
B:money
C :ability to pay bills
D :extra education
Answer:
the answer is A: advancement
Explanation:
I took the quiz and got 100% and the only other one that make sense is money but you get money from a job
Prompt 1 (15 points): Culture is an important aspect affecting international business decisions. Adjustments frequently need to be made in how we market, sell, manufacture, and distribute products and services. Choose two different products (chose carefully so as to have good examples) and explain how one of them would need adjustments in relation to sales and marketing in another country, explain how another might need adjustments in relation to production (manufacturing) and logistics and distribution. Be specific based on some country information.
Prompt 2 (15 Points): Corporate Social Responsibility, Sustainability, and Ethics are big issues in international business because of varying standards and expectations in different countries. Give me an example of an issue you view as unambiguously unethical in your opinion. If you were working for a company that did this unethical thing, how far would you go to defend your principles...willing to lose your job if your family depended on the money? What issues of ethical ambiguity do you feel you are more flexible on?
Culture plays a significant role in shaping international business decisions, including sales and marketing strategies, as well as production and distribution processes. Let's explore how adjustments might be needed for two different products in relation to these aspects.
1. Sales and Marketing Adjustment:
Let's consider the example of a fast food chain expanding its operations to Japan. In Japan, there is a strong emphasis on traditional cuisine and healthier eating habits. To successfully market and sell their products, the fast food chain would need to make adjustments to their menu and marketing strategies. They could introduce localized menu options, incorporating elements of Japanese cuisine and healthier ingredients. Additionally, they might need to emphasize the quality and freshness of their ingredients to align with the Japanese preference for high-quality food. Adapting their advertising campaigns to reflect Japanese culture and values, such as family-oriented messaging or emphasizing convenience, would also be important.
2. Production and Logistics Adjustment:
Let's consider the example of an automobile manufacturer expanding production to Germany. Germany is known for its engineering prowess and emphasis on precision and quality. The automobile manufacturer would need to adjust its production processes to align with German standards and expectations. This might involve implementing strict quality control measures and ensuring that the manufacturing processes meet the high standards set by German regulations. Additionally, logistics and distribution would need to be streamlined to meet the efficiency and reliability expectations of German customers. Adapting to the local infrastructure, such as utilizing the well-established German transportation network, would be essential.
It's important to note that specific adjustments would vary depending on the target country, its culture, and the product or service being offered. Extensive market research and cultural sensitivity are crucial when making these adjustments to ensure success in international business endeavors.
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In general, what would a POSITIVE
consequence of buying an economy car include?
A. limited environmental impact
B. worse gas mileage
C. smaller passenger capacity
D. less space
The positive consequence of buying an economy car includes limited environmental impact.
Explanation: Economy cars are well known for their affordability when you want to rent a vehicle for your trips or vacation. These cars have great fuel economy i.e about 22-36 MBG.
These cars do not consume a lot of gas and thus reduce the dependency on fossil fuels and we know that the lesser the Car consumes fuel, the lesser the smoke will come out after exhaustion which will directly decrease the percentage of harmful gases like carbon dioxide, nitrogen oxide, hydrocarbons, and carbon monoxide. These are the gases that are responsible for the depletion of the ozone layer, causing harm to us and the environment.
It's been estimated that Economy cars reduce pollution by an estimation of about 50%. Thus, we can say that buying an economy car will have limited environmental impact.
Limited environmental impact would a positive consequence of buying an economy car include. Hence, option A is correct.
What is Limited environmental impact?A material or component that may be reused directly after reaching the end of its useful life with little to no additional processing has the lowest environmental impact. the year 2012's Advanced Materials in Automotive Engineering.
Environmental impacts are alterations to the built or natural environment that are a direct outcome of an activity and that may have a negative influence on the wildlife, fish, fisheries, fish, and other residents of the ecosystem.
Healthy ecosystems maintain our soil, clean our air, control the climate, recycle nutrients, and give us food. They offer resources and raw materials for making medications and other things.
Thus, option A is correct.
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What is a sales quote?
Answer:
Explanation:
A sales quote allows a prospective buyer to see the costs that will be involved for desired work.
Which of the following analytic methods is used to analyze the data collected using a conjoint analysis? A.Optimization. B.Linear programming. C.T-test.
The analytic method that is typically used to analyze the data collected using a conjoint analysis is optimization. This involves identifying the optimal combination of product attributes that will maximize customer preference and satisfaction.
Conjoint analysis is a research method that is commonly used in marketing research to understand how customers value different attributes of a product or service. It involves presenting customers with a series of product profiles that vary in terms of their attributes (e.g., price, brand, features) and asking them to rate or rank the profiles based on their preferences. Once the data is collected, it needs to be analyzed to determine which product attributes are most important to customers and how they are willing to trade off one attribute for another. This is where optimization comes in. Optimization involves using mathematical algorithms to identify the optimal combination of product attributes that will maximize customer preference and satisfaction.
Linear programming, on the other hand, is a specific type of optimization technique that is used to solve problems involving linear relationships between variables. While it may be used in some cases to analyze conjoint analysis data, it is not the most common method used for this purpose. T-tests, on the other hand, are a statistical method that are used to compare the means of two groups and determine if they are significantly different from each other. While t-tests may be used in some cases to analyze conjoint analysis data, they are not the primary method used for this purpose. Overall, optimization is the most common analytic method used to analyze the data collected using a conjoint analysis. It allows researchers to identify the optimal product attributes that will maximize customer satisfaction and inform product development and marketing strategies.
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Drag the tiles to the correct boxes to complete the pairs.
Match the education qualification with the correct career.
general manager of a hotel
restaurant manager
sous chef
bachelor's degree in travel and tourism
high school diploma
associate degree in culinary arts
master's degree in hospitality management
room attendant
Hotel Manager qualifications a track record in a managerial position, preferably at a hotel.
What requirements must a hotel management meet?Hotel Manager qualifications a track record in a managerial position, preferably at a hotelEnglish proficiency.Foreign language proficiency is a major bonus.knowledge in all aspects of hotel management.excellent MS Office proficiency.X years of management software expertiseExcellent interpersonal skills.You must have both leadership experience and industry experience before you can become a general manager.Bachelor in Hospitality Management is the degree you need.Among serious candidates for chefs, associates degrees in culinary arts are the most often requested curricula.Bachelor of Arts in Travel and Tourism ManagementTo learn more about qualification refer to:
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A student wanted to know the most effective way to grow bacteria in a lab. He conducted a descriptive investigation instead of an experimental investigation. What is a limitation of his investigation? O A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth. O A descriptive investigation is always more expensive than an experimental investigation. aner O A descriptive investigation usually does not involve much data collection to support a hypothesis. O A descriptive investigation provides little prior knowledge or background information about bacteria growth.
Answer:
C). A descriptive investigation usually does not involve much data collection to support a hypothesis.
Explanation:
The limitation of a descriptive investigation is that 'it lacks sufficient data to support the proposition.' A descriptive investigation does not test the validity of a truth or distinct methods of growing it or to make comparisons between them. It rather focuses only on describing in-depth instead of practically examining the validity of the fact and using it to supporting the claim made in the hypothesis, unlike an experimental investigation. Thus, option C is the correct answer.
Answer: A - A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth.
Explanation: the other answer was wrong i put his answer and when i got it wrong i was given the correct choice so i do not want yall to mess it up
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
Click this link to view O*NET's Work Context section for Marriage and Family Therapists. Note that common contexts
are listed toward the top, and less common contexts are listed toward the bottom. According to O'NET, what are some
common work contexts for Marriage and Family Therapists? Select four options.
o exposed to hazardous conditions
spend time bending or twisting
o contact with others
indoors, enpironmentally controlled
face-to-face discussions
telephon
Answer:
c,d,e,f
Explanation:
Answer:
C,D,F
Explanation:
A journal entry for a sale of merchandise on credit will result in all of the following: (Check all that apply).
A journal entry for a sale of merchandise on credit will result in the following : Debit to Accounts Receivable , Credit to Sales Revenue , Credit to inventory , Credit to Cost of Goods Sold .
1. Debit to Accounts Receivable: When a sale is made on credit, the customer owes the company money. Therefore, the Accounts Receivable account is debited to reflect the increase in the amount owed by the customer.
2. Credit to Sales Revenue: The sale of merchandise generates revenue for the company. To record this, the Sales Revenue account is credited. This entry represents the increase in the company's revenue as a result of the sale.
3. Credit to Inventory: When merchandise is sold, it is no longer part of the company's inventory. Therefore, the Inventory account is credited to reduce its value. This entry reflects the decrease in the inventory balance due to the sale.
4. Credit to Cost of Goods Sold (COGS): COGS represents the cost of producing or acquiring the goods that were sold. When a sale is made, the cost of those goods needs to be recognized. Thus, the COGS account is credited to reflect the reduction in the value of the goods sold.
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Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.
Answer:
$ 2,805
Explanation:
Nora has a salary of $1200
The commission is paid on all sales above $4000 at 7.5%
Current month sales are $21,400.
Commissions to be paid will be 75% of $21,400
=7.5/100 x $21,400
=0.075 x 21,400
=$1,605
Nora's total earnings will be salary plus commissions
=$1,200 +$1,605
=$ 2,805
Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
what is the value of zero coupon, $1,000 par value bond, maturing in 8 years if the appropriate discount rate is 6%?
The present value of the bond's face value, discounted at the right rate, determines its value.
What is the value of a zero coupon?
A bond with a zero coupon does not accrue interest until it matures. Instead, it is offered for sale at a lower price than its face value, with the difference between the two representing the interest accrued on the bond.
The value of the zero coupon bond is $1,000 / (1 + 0.06)^8, assuming a discount rate of 6%.
The formula PV = FV / (1+r)n is used to determine the bond's present value, where
PV stands for present value,
FV for face value,
r for the discount rate, and
n for the number of years to maturity.
Therefore, assuming the proper discount rate is 6%, the value of the zero coupons, a $1,000 par value bond maturing in 8 years is
$1,000 / (1 + 0.06)^8
= $1,000 / (1.06)^8
= $1,000 / 1.48
= $676.89.
As a result, the bond's current value, which is less than its $1,000 face value because it does not pay interest until maturity, is $676.89.
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Suppose your state collects a sales tax, but a bordering state does not. A number of people cross the border each day in order to shop without paying sales tax. What must state officials consider when thinking about how to react to this situation?
Answer:
Explanation:
There are many factors that state officials should consider with regards to this situation such as what items are being bought, travel costs the individual is incurring, but most importantly how much are these purchases stimulating the state's economy. If many people are doing this, it means that a lot of money is being spent within the state which ultimately stimulates the economy as more shop owners are making sales and in term have more money to spend.
What us a formal report that shows what an individual owns, what an individual owes, and the difference between the two?
A formal report that shows what an individual owns, what an individual owes, and the difference between the two is called a "personal financial statement" or a "net worth statement." This statement provides a snapshot of an individual's financial position by detailing their assets, liabilities, and net worth.
Assets refer to items of value that an individual owns, such as cash, investments, real estate, vehicles, and personal belongings. Liabilities, on the other hand, represent the debts or obligations that an individual owes, including loans, credit card balances, mortgages, and other financial obligations.
The net worth is calculated by subtracting the total liabilities from the total assets. It represents the individual's overall financial health and can serve as a useful tool for assessing one's financial situation, tracking progress, and making informed financial decisions.
Personal financial statements are often used by individuals, financial institutions, lenders, and potential investors to evaluate an individual's financial standing, assess creditworthiness, and make informed decisions related to lending, investment, or financial planning.
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Somerset Inc has finished a new video game, Snowboard Challenge. Management is now considering it's marketing strategies. The following information is available: $80 Anticipated Sales price per unit...... Variable cost per until....... Anticipated volume... $35 1,000,0000 $20,000,000 Production Costs... Anticipated advertising ..$15,000,000 Two managers have different ideas on ways to increase the profitability. Jane suggests dropping the price to $60 per unit and maintain our advertising budget at $15,000,000. She thinks they will generate total sales of 2,000,000 units Sara suggests increasing out advertising budget to $25,000,000 she thinks sales will increase to 1,400,000 without changing the price Which Strategy is best: Do nothing? Following Jane? Follow Sara? Hint: Revenue - Variable Cost - Fixed Cost
There are three scenarios to be considered - do nothing, following Jane, or following Sara.
Let's evaluate all three scenarios.1. Do nothing$80 is the Anticipated Sales price per unit. $35 is the Variable cost per until. $20,000,000 is the Anticipated volume. Production costs are $15,000,000. Anticipated advertising cost is $15,000,000. From this, we can calculate revenue, variable costs, and fixed costs: Revenue = Sales Price x Volume= $80 x 1,000,000 = $80,000,000Variable cost = Variable cost per unit x Volume= $35 x 1,000,000 = $35,000,000Fixed cost = Production costs + Anticipated advertising= $15,000,000 + $15,000,000 = $30,000,000Profit = Revenue - Variable cost - Fixed Cost= $80,000,000 - $35,000,000 - $30,000,000= $15,000,000This will result in a profit of $15,000,000.
2. Following Jane$60 is the Anticipated Sales price per unit. $35 is the Variable cost per until. Jane expects the volume to be 2,000,000 units. Anticipated advertising cost is $15,000,000. Production costs are $20,000,000. From this, we can calculate revenue, variable costs, and fixed costs: Revenue = Sales Price x Volume= $60 x 2,000,000 = $120,000,000Variable cost = Variable cost per unit x Volume= $35 x 2,000,000 = $70,000,000Fixed cost = Production costs + Anticipated advertising= $20,000,000 + $15,000,000 = $35,000,000Profit = Revenue - Variable cost - Fixed Cost= $120,000,000 - $70,000,000 - $35,000,000= $15,000,000This will result in a profit of $15,000,000, which is the same as doing nothing.
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Stockholders equity is composed of contributed capital and retained earnings.
a. true
b. false
Stockholders' equity is composed of contributed capital and retained earnings are true.
Stockholders' equity is made out of contributed capital and held income. The four essential fiscal reports are the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Lenders use bookkeeping data to assess whether to credit cash to an organization.
Stockholders' equity, also referred to as shareholders' or owners' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings, and treasury stock.
Conceptually, stockholders' equity is useful as a means of judging the funds retained within a business. If this figure is negative, it may indicate an oncoming bankruptcy for that business, particularly if there exists a large debt liability as well.
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Which types of investments are securities? Debt or equity?
Answer:
Securities are commonly thought of as tradable financial assets Equity securities common stocks Fixed income investments, including debt securities like bonds notes and money market instruments. Some fixed income investments such as certificates of deposit CDs may not be securities at all
Explanation:
When a bank makes a loan:
A. It causes an increase in the money supply.
B.it causes a reduction in the money supply.
C. it can stimulate business activity, but there is no effect on the money supply.
D. it can cause either an increase or a decrease in the money supply depending on the elasticity of supply
Answer:
C
Explanation:
this is the answer bc there is really no effect
Which of the following is NOT a reason why people invest in the stock market?
A. Investing in the stock market usually offers a higher return than the interest earned on a savings account.
B. Investing is a guaranteed way to make money.
C. Investing in companies through the stock market offers a chance to share in the profits of those companies.
D. None of the above
Answer: B investing is a guarantee to make money
Explanation: I took the assessment
why do people care about their social status?
Answer:
because they could be very popular
Explanation:
can you give brainliest
when selecting potential employees for your organization, which of the following is most likely to introduce bias? a. polygraph tests b. interview c. drug testing d. aptitude tests e. application forms reset selection
A. polygraph test
When selecting prospective employees, polygraph tests are most likely to be biased. because the polygraph test that is being carried out may not be purely done by oneself so that deviations from the facts can occur.
The notorious polygraph test (also known as the “deceit test) is often seen as a cause for nervousness and fear, even for people who are perfectly innocent and should be able to pass without cheating or manipulating the results. If you need advice on how to pass a polygraph test, you're in the right place.
The way to pass the polygraph test is
Treat your body right the night and day before the test. You must feel comfortable during the polygraph test, in order to give an accurate physiological response. In order to feel comfortable, you need to make sure that you are well rested and that your body actually feels good.Do your usual routine as precisely as possible. Even if this includes activities that can affect your heart rate, such as drinking caffeinated coffee or going for a morning jog, you should still do them, because your body has trained itself to function properly under such physiological conditions.Try to get seven or eight hours of sleep the night before the test.Make sure that you are not hungry and that you are wearing clothes that are loose and comfortable.You can learn more about polygraph test here brainly.com/question/2436443
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Evaluate 2 solutions to the problems of communications in Get Going. Ib business
Maintaining corporate safety and other workplace discrimination can get burdensome when there is insufficient communication at work.
What is business cycle ?The natural rise and decline in economic growth that takes place throughout time is known as the economic cycle. The economic cycle is indeed a term used by economics to describe the rise and fall in commercial activity over time. It may be a useful tool for studying the economy and can assist you in making better financial decisions. The economy includes all corporate, labour, and consumer activity that produces, trades, and consumes goods and services inside the United States. The business cycle therefore refers to the measurable level of productivity. When enterprises increase production, they require more personnel. As a result, fewer workers are employed, there's more money available for spending, firms make more money, and they can concentrate on expanding.
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