What knowledge, skills and abilities do you have that could help you succeed? What careers could/will you pursue to use these knowledge, skills and abilities?
Answers
I possess a wide range of knowledge and language processing abilities. I can assist in various careers such as content creation, customer service, research, and tutoring.
I possess several knowledge, skills, and abilities that contribute to my success in various domains. Here are some key aspects:
Vast knowledge base: I have been trained on a diverse range of topics, enabling me to provide information and insights on numerous subjects.Language proficiency: I excel in understanding and generating human language, allowing me to communicate effectively and provide accurate responses.Contextual understanding: I can comprehend and interpret the context of questions or statements, aiding in providing relevant and meaningful answers.Information synthesis: I can gather and synthesize information from different sources, helping me provide comprehensive and well-rounded responses.Problem-solving capabilities: I can assist in analyzing problems, providing solutions, and offering guidance on various issues.Considering these attributes, potential careers where I can be utilized include content creation, writing, editing, customer service, virtual assistance, research assistance, language tutoring, and more. The versatility of my skills makes me adaptable to a wide range of professional applications.
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Related Questions
what is diminishing return law???
Answers
Answer:
Numerous different factors are presumed constant by the law. An additional description is given below.
Explanation:
In psychology, a definition that unless certain input factor becomes continued to increase whereas some considerations (hardware as well as a conference room) are kept constant, the outcome per unit including its dependent variable will inevitably decrease.This law specifically states that such an increased amount of some kind of single manufacturer component would result in a decrease in gross profit efficiency.The law of diminishing return is that marginal return states that, at some point that adding an additional factor of the production results in smaller increases in the output.
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The income statement and a schedule reconciling cash flows from operating activities to net income are provided below for Mike Roe Computers. MIKE ROE COMPUTERS Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales $ 151.40 Cost of goods sold (90.70 ) Gross margin 60.70 Salaries expense $ 21.40 Insurance expense 13.40 Depreciation expense 5.70 Interest expense 6.70 (47.20 ) Gains and losses: Gain on sale of equipment 13.40 Loss on sale of land (4.40 ) Income before tax 22.50 Income tax expense (11.25 ) Net income $ 11.25 Reconciliation of Net Income to Net Cash Flows from Operating Activities ($ in millions) Net income $ 11.25 Adjustments for noncash effects: Decrease in accounts receivable 5.70 Gain on sale of equipment (13.40 ) Increase in inventory (6.70 ) Increase in accounts payable 9.70 Increase in salaries payable 3.70 Depreciation expense 5.70 Decrease in bond discount 3.35 Decrease in prepaid insurance 2.70 Loss on sale of land 4.40 Increase in income tax payable 6.70 Net cash flows from operating activities $ 33.10 Required: 1. Provide the summary journal entries which shows the cash flow for each of the following for Mike Roe Computers during the reporting period: (a) received from customers, (b) paid to suppliers, (c) paid to employees, (d) paid for interest, (e) paid for insurance, (f) paid for income taxes. 2. Prepare the cash flows from operating activities section of the statement of cash flows (direct method).
Answers
1. (a) Received from customers: $151.40 million
(b) Paid to suppliers: $90.70 million
(c) Paid to employees: $21.40 million
(d) Paid for interest: $6.70 million
(e) Paid for insurance: $13.40 million
(f) Paid for income taxes: $11.25 million.
2. Cash Flows from Operating Activities (Direct Method):
Cash received from customers: $151.40 million
Cash paid to suppliers: $90.70 million
Cash paid to employees: $21.40 million
Cash paid for interest: $6.70 million
Cash paid for insurance: $13.40 million
Cash paid for income taxes: $11.25 million
Net cash flows from operating activities: $33.10 million.
(a) The amount received from customers is the sales figure mentioned in the income statement.
(b) The amount paid to suppliers is the cost of goods sold mentioned in the income statement.
(c) The amount paid to employees is the salaries expense mentioned in the income statement.
(d) The amount paid for interest is the interest expense mentioned in the income statement.
(e) The amount paid for insurance is the insurance expense mentioned in the income statement.
(f) The amount paid for income taxes is the income tax expense mentioned in the income statement.
The cash flows from operating activities section is prepared using the direct method by directly adjusting net income with the given noncash effects. The adjustments include changes in accounts receivable, inventory, accounts payable, salaries payable, bond discount, prepaid insurance, and income tax payable. The resulting net cash flows from operating activities is $33.10 million.
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what is the importance of small businesses
Answers
Explanation:
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
It helps us cater for our family hence reducing financial stress.
What is target Market
small group of archery enthusiasts
a place that Target employees get discounts on returned items
a group of people we direct our marketing efforts towards
a place to exchange common bar games and equipment
Answers
Answer:
shoes
Explanation:
For the following you are required to work out the SP:
a )CP is R3 000 and MU is 60%
b)CP is R330 and MU is 45%
c)CP is R31 250 and MU is 40%
d)CP is R600 and MU is 10%
Answers
a. )CP is R3 000 and MU is 60%. The selling price is R4800.
b)CP is R330 and MU is 45%. The selling price is 478.50.
c)CP is R31 250 and MU is 40%. The selling price is R350.
d)CP is R600 and MU is 10%. The SP is R660.
How to calculate the selling pricea )CP is R3 000 and MU is 60%
Selling price will be:
= 3000 + (60% × 3000)
= 4800
b)CP is R330 and MU is 45%
Selling price will be:
= 330 + (45% × 330)
= 478.50
c)CP is R31 250 and MU is 40%
Selling price will be:
= 250 + (40% × 250)
= 350
d)CP is R600 and MU is 10%
Selling price will be:
= 600 + (10% × 600)
= 660
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"Mr. Watson works as a human resources professional for an industrial governmental company called . He had a friend and colleague who is called Mr. John who also works for the same company . Mr. Sam is another employee in the company. Mr. Sam claimed that Mr. John had committed an inappropriate behaviour so Mr. Sam asked Mr. Watson to investigate this claim against Mr. John (the friend and collegue of Mr. Watson).
Based on this case and on considering "conflict of interests" probability.
a) Explain whether Mr. Watson will commit a "conflict of interests" if he does not investigate the complaint (claim).
b) Give an example of a "positive paradigm" in this case.
c) Give an example of a "negative paradigm" in this case.
d) Give 3 examples that can be neither positive paradigm nor negative paradigm. The examples should be briefly described and numbered. e) Use the "Line Drawing" method to show your observations in parts b), c). and d). (Refer to the cases in part (d) using their corresponding numbers according to how you numbered them.)
Answers
a) If Mr. Watson does not investigate the complaint against Mr. John, it can potentially create a conflict of interests.
As a human resources professional, Mr. Watson has a responsibility to ensure a fair and unbiased investigation into any claims of inappropriate behavior. b) A positive paradigm in this case could be if Mr. Watson conducts a thorough and impartial investigation into the complaint against Mr. John. c) A negative paradigm in this case could be if Mr. Watson dismisses or ignores the complaint against Mr. John without conducting a proper investigation. d) Examples that may not fit into either positive or negative paradigms: Mr. Watson recuses himself from the investigation due to his personal relationship with Mr. John. This demonstrates his awareness of the potential conflict of interests and ensures an unbiased investigation.
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Which of the following behaviors is likely to be considered unethical?
A) a manager hires a friend rather than a more qualified applicant
B) a manager underpays an employee, knowing that the employee can't afford to quit
C) company executives encourage employees to invest in company stock while withholding information about financial problems
D) an employee accepts a gift from a supplier in return for a large order
E) all of the above
Answers
Answer:
E) all of the above
Explanation:
Unethical behavior is engaging in activities that are considered wrong or improper in society. It entails indulging in behavior that goes against the expected code of conduct in a profession or the workplace. In short, unethical behavior is not doing the right thing.
In the list provided, none of the behaviors is correct or acceptable in the workplace. They are all unethical.
8. A debt of a business
Answers
Answer:
Description: Debt means the amount of money which needs to be repaid back and financing means providing funds to be used in business activities. An important feature in debt financing is the fact that you are not losing ownership in the company.
Explain how most businesses are both debtors and creditors.
Answers
Answer:
The reason why most companies are both debtors and creditors is that customers can owe services to companies and they have economic commitments to pay.
The money you earn hourly for your time and effort at work is called your _____________.
Answers
The money you earn hourly for your time and effort at work is called your wages. A sum of money you make from work, typically based on the number of hours or days you put in each week or month. A wage is a fixed sum of money paid each hour. The number of hours you work affects your income.
Your annual salary is a fixed income that stays the same. Anyone who receives compensation has a right to overtime. A wage is the payment made to workers as compensation for their time spent working for a company. Always, wages are paid based on a specific period of time. Typically, this is on an hourly basis. The phrase "hourly worker" originates from this.
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What is the difference between a bank and a retail bank?
Answers
The main difference between a bank and a retail bank is the type of customer they serve.
A bank is a financial institution that offers a variety of services, such as loan and deposit products, investment services, and financial advice. A retail bank is a type of bank that specializes in consumer banking, typically offering services such as savings and checking accounts, loan and credit products, debit cards, and other consumer-focused products and services.
A bank typically serves both retail and commercial customers, whereas a retail bank focuses exclusively on consumer banking. This means that retail banks tend to offer products and services that are tailored to meet the needs of individual consumers.
Additionally, retail banks are typically smaller in size than banks and have fewer branches, making them more accessible to consumers. They also tend to have shorter wait times and more personalized customer service, which can be beneficial for those who need more time and attention when it comes to their banking needs.
Overall, a bank and a retail bank both provide financial services, but they serve different customer types and offer different products and services. Banks focus on commercial customers, while retail banks focus on consumer banking.
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Check i iued to etablih a petty cah fund of $1,000. The amount of cah in the petty cah fund i now $340. Check i iued to replenih the fund, baed on the following ummary of petty cah receipt: office upplie, $383; micellaneou elling expene, $158; micellaneou adminitrative expene, $99. (Becaue the amount of the check to replenih the fund plu the balance in the fund do not equal $1,000, record the dicrepancy in the cah hort and over account. )
Answers
The check to replenish the fund would be for $717. This amount is calculated by subtracting the balance of $340 from the original fund of $1,000.
What is original fund?Original fund is the initial capital that is invested into a new business venture or project. It is the seed money that is used to start the business and fund its operations. This is the money that is used to purchase the necessary resources, hire employees, and develop the product or service. Original fund can come from various sources, such as personal savings, angel investors, venture capitalists, and government grants. The amount of original fund required to launch a business is dependent on the type of business and its size. Once the original fund has been secured, it is important to use it wisely to ensure that the business is able to grow and become successful.
The cash short and over account would be debited for $283. This amount is calculated by subtracting the total expenses of $640 from the amount of the check to replenish the fund of $717. The total amount of the petty cash fund is now $1,023, which is $23 more than the original amount. This difference is recorded in the cash short and over account.
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Trail Bikes, Inc., makes and distributes Trail-brand bicycles and accessories to authorized dealers. To prevent price-cutting by dealers in direct competition, Trail Bikes imposes limits on where each dealer can sell Trail products. This is
Answers
Answer:
Territorial restriction
Explanation:
Territorial restriction is the way that a manufacturer restricts the territory where a wholesaler or retail seller is able to sell products.
Manufacturers usually use this technique to reduce Interbrand competition and control price.
In the given scenario Trailer Bikes Inc supplies bicycles to dealers and restricts where they can sell the bicycles to prevent price-cutting by dealers in direct competition.
Can someone please help me with this
Assignment 4R
(20 points)
Assignment 4R: Career Development
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 4, you learned about career development. Now, you'll apply what you learned.
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page. (1-3 sentences. 3.0 points)
TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1-3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answers
Answer:
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
Customer support, also known as phone support, is the best example of a task that makes a lot of sense to outsource in a corporation. Even if the costs can be large, there are several parts where hiring, having office space and training, and paying taxes on support representatives are not. It makes sense because it is the most effective way to outsource a business to provide a better service to the customer..2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
Human resources professionals are responsible for keeping personnel policies for the organizations for which they operate up to date. These policies regulate how a company is run, from recruiting and firing to sexual harassment and other types of workplace discrimination.New workers are given personnel policies to study, and they are often asked to sign a statement stating that they have reviewed and understand the policies. Policies and processes differ from one organization to the next, but some elements are shared.3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
Where they live, where they came from, and who to contact if anything bad happens are all mentioned under the heading details.Workplace Environment: Be aware of what is going on around you and ensure that it is secure for employees.They should have three or four skills: Being willing to complete the job that has been assigned to them.4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
I would recruit for attitude and then train for skills using employee referral systems. When it comes to hiring, the employees can be a reliable source of information. They have acquaintances and colleagues who work in the same area. Create a policy that allows employees to refer qualified applicants for open positions within the organization. Since skills can be learned, a smart recruiter can look for attitude when hiring workers. The best applicant should have a positive attitude about a job that requires the necessary skills, which is difficult to come by in most cases. As a recruiter, the approach to use here is to find someone who has a good attitude about a work advertisement.How can being smart, kind and generous make you a better person? Click to add to
Answers
Answer:
it will help you in life
Explanation:
when your kind and generous you can get a better job and to help you make friends and also you can be smart because you can apply to be a teacher or a tutor to help others
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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can anyone name off any colleges in michigan that can help me persue being an animal rescuer
Answers
Answer:
Explanation:
Humane Society Of West Michigan and Michigan Animal Rescue League
Identify the type of variance defined by the following formula: (Actual Price - Standard Price) Actual Quantity. O Quantity variance O Price variance O Cost variance:
Answers
The type of variance defined by the formula (Actual Price - Standard Price) Actual Quantity is the "Price variance". This is because the formula calculates the difference between the actual price and the standard price, and multiplies it by the actual quantity.
This gives us the variance in price, which can then be used to analyze the reasons behind the difference in cost and take corrective measures if necessary. The formula (Actual Price - Standard Price) Actual Quantity calculates the difference between the actual cost of a product and the standard cost of a product, multiplied by the actual quantity produced. Therefore, the type of variance defined by this formula is a Price Variance, as it measures the difference between the actual price paid for a product or material and the expected or standard price, multiplied by the actual quantity purchased or used.
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answer question 6 and 7
6. What is the value of a $ 1000 par value bond, 8 % coupon paid annually, 5 years to maturity if investors require an 8 % return? 7. What will be the value of the bond in questio
Answers
To calculate the value of a bond, we can use the present value formula, which takes into account the bond's coupon payments and the face value (par value) at maturity.
Value of the bond:
Given data:
Par value (face value) = $1000
Coupon rate = 8% (paid annually)
Years to maturity = 5
Required return (Yield to maturity) = 8%
To calculate the value of the bond, we need to discount the future cash flows (coupon payments and the face value) at the required return rate.
First, let's calculate the annual coupon payment:
Annual coupon payment = Coupon rate * Par value
Annual coupon payment = 8% * $1000 = $80
Next, let's calculate the present value of the bond's cash flows:
PV of coupon payments = (Annual coupon payment / Required return) * (1 - (1 / (1 + Required return)^Years to maturity))
PV of coupon payments = ($80 / 0.08) * (1 - (1 / (1 + 0.08)^5))
PV of coupon payments = $1000 * (1 - (1 / 1.4693))
PV of coupon payments = $1000 * (1 - 0.6806)
PV of coupon payments = $319.4
PV of the face value = Face value / (1 + Required return)^Years to maturity
PV of the face value = $1000 / (1 + 0.08)^5
PV of the face value = $1000 / 1.4693
PV of the face value = $680.6
Value of the bond = PV of coupon payments + PV of the face value
Value of the bond = $319.4 + $680.6
Value of the bond = $1000
Therefore, the value of the bond is $1000.
The value of the bond in question if the required return increases to 10%:
We can use the same formula as in question 6, but with the updated required return of 10%.
PV of coupon payments = ($80 / 0.10) * (1 - (1 / (1 + 0.10)^5))
PV of coupon payments = $800 * (1 - (1 / 1.6105))
PV of coupon payments = $800 * (1 - 0.6209)
PV of coupon payments = $495.2
PV of the face value = $1000 / (1 + 0.10)^5
PV of the face value = $1000 / 1.6105
PV of the face value = $620.9
Value of the bond = PV of coupon payments + PV of the face value
Value of the bond = $495.2 + $620.9
Value of the bond = $1116.1
Therefore, the value of the bond in question, if the required return increases to 10%, is approximately $1116.1.
When a small business forges an agreement with a bank that consents to honor a draft or other demand for payment after goods are delivered internationally, the firm receives a:__________
Answers
An agreement between a small business and a bank which leads to the bank consenting to honor a draft or demand for payment leads to the firm getting a letter of credit.
What is a letter of credit?This is an agreement that bank makes with a small business in order to increase the credibility of the small business when buying a good or service internationally.
The agreement makes it clear that the small business will pay the money that it owes for the goods delivered and that the bank guarantees it.
The reason for this is that the small business might not be trusted or popular enough so the seller might not trust them. Banks are more trusted however so the sale will go through.
In conclusion, an agreement between a bank and small business to guarantee payment is a letter of credit.
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When purchasing pre-cut, convenience pressure fresh produce items, the supplier must make sure that he or she preserves the appropriate pulp:
a. Count
b. Temperature
c. Yield
d. Color
Answers
The correct answer is B. When purchasing pre-cut, convenience-pressure fresh produce items, the supplier must ensure that the appropriate temperature is preserved.
Temperature is a measure of the average kinetic energy of the particles in a substance or system. It determines the hotness or coldness of an object or environment. The standard unit of temperature is the Kelvin (K), although Celsius (°C) and Fahrenheit (°F) scales are also commonly used.
Temperature affects the behavior and properties of matter. As temperature increases, the particles within a substance gain energy and move more vigorously, resulting in expansion and increased molecular activity. Conversely, as temperature decreases, the particles lose energy and move more slowly, leading to contraction and decreased molecular activity. The temperature has significant impacts on various aspects of our lives and the natural world. It influences weather patterns, affecting atmospheric conditions such as air pressure, humidity, and precipitation.
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published company policies provide a(n) ____ for a business to conduct internal investigations.
Answers
Published company policies provide a(n) framework for a business to conduct internal investigations.
Company policies provide guidance and direction for employees regarding acceptable behavior and actions within an organization. In the case of internal investigations, published policies outline the procedures and protocols that must be followed in the event of an investigation. This includes who is responsible for initiating the investigation, how evidence is collected and analyzed, and how the investigation is documented and reported. Having a clear framework in place can help ensure that investigations are conducted fairly, thoroughly, and in accordance with legal and ethical standards. It can also help protect the organization from potential legal and reputational risks. Overall, having published company policies is essential for conducting effective and transparent internal investigations.
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An account into which a person deposits money and then can withdraw funds by making a written order to the bank instructing it to pay money from the account to another person or a business is known as
a. a savings account.
b. achecking account.
c. a cashier's account.
d. a credit account.
Answers
this graph shows the marginal cost of producing each bike. select the correct answer from the options available. based on this graph which bike has a marginal cost of 20 dollars?
Answers
Note that the bike that has a marginal cost of $20 is bike 4.
What is marginal cost?The change in total cost when output is raised by one unit is referred to as the marginal cost.
When the marginal cost equals the marginal income, output is maximized. The marginal cost of making bike 4 is $20 if $20 is traced to the vertical axis.
For example, if the total cost of two pieces of production is $20 and the total cost of three units is $30. The marginal cost of making three units is ten. (30 - twenty) / three.
Thus, the correct answer is Bike 4.
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chegg what help can you legally provide to a small number of employees that ask for your help in getting their union decertified
Answers
When the majority of some 30 percent of the employees want decertification of the Union then legally, the Employer according to the National Labor Relations Act (“NLRA”) can take further steps.
The National Labour Relations Act of 1935, sometimes referred to as the Wagner Act, is a key piece of American labor law that protects employees working in the private sector's ability to form unions, participate in collective bargaining, and conduct collective action like strikes.
By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation with no fear of punishment, the NLRA safeguards workplace democracy.
The National Labour Relations Act ("NLRA"), established by Congress in 1935, made it plain that the United States' goal is to promote collective bargaining by upholding employees' complete freedom of association.
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Hill advertising agency has been hired by gillian’s grocery to develop television ads for the food chain’s new same-day delivery service. Hill represents which component of the communication process?.
Answers
Hill advertising agency's task is to develop television ads for Gillian grocery. Therefore, it acts as an communication channel.
What is a communication channel?In telecommunications and computer networking, a communication channel is a physical transmission medium such as a wire or a logical connection over a multiplexed medium such as a radio channel. A pathway or medium is required to send an information signal over a long distance. These paths are known as communication channels.
Hill advertising agency acts as a communication channel for Gillian grocery as it develops television ads for the company's new new same-day delivery service campaign. Hill is helping the company in communicating their new campaign through televison ads.
Thus Hill represents the communication channel component of the communication process.
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Barbie's trading company sells Barbie's doll and the annual demand is 2800 doll.It costs the company $33 to place an order and the carrying cost is 7% of the unit cost.The cost of each doll is $40.The supplier offers the following discounts to Barbie's Company. Order Quantity < 100 Discount None 4% Unit Cost $40 $38 100 quantity < 200 200 8% $37.20 a) What would be the optimal order quantity? b) What is the minimum annual inventory cost? (18 marks) (2 marks)
Answers
To find the optimal order quantity and the minimum annual inventory cost for Barbie's trading company, we can use the economic order quantity (EOQ) formula.
a) Optimal Order Quantity:
The EOQ formula is given by:
EOQ = √[(2DS) / H]
where:
D = Annual demand = 2800 dolls
S = Ordering cost per order = $33
H = Carrying cost per unit per year = 7% of the unit cost = 0.07 * $40 = $2.80
Using these values, we can calculate the EOQ:
EOQ = √[(2 * 2800 * 33) / 2.80]
= √[(184,800) / 2.80]
= √66,000
≈ 257.25
Since the order quantity needs to be a whole number, the optimal order quantity would be rounded up to the nearest whole number. Therefore, the optimal order quantity is 258 dolls.
b) Minimum Annual Inventory Cost:
To calculate the minimum annual inventory cost, we need to consider the total cost, which includes ordering cost and carrying cost.
Total Cost = (D / Q) * S + (Q / 2) * H
where:
Q = Order quantity
We can calculate the total cost for each discount level and choose the one with the minimum cost.
For no discount (unit cost = $40):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 361.20
= $641.82
For discount 1 (unit cost = $38):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 346.80
= $627.42
For discount 2 (unit cost = $37.20):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 343.20
= $623.82
Therefore, the minimum annual inventory cost is $623.82 when the order quantity is 258 dolls with a unit cost of $37.20.
Note: The answer assumes that the discount applies to the entire order quantity.
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Question 15 of 20
Property rights protect businesses by:
A. ensuring that they cannot be sued by their customers.
B. shutting down businesses that might become their competitors.
Ο Ο Ο Ο
C. reducing the taxes they have to pay to state governments.
D. preventing other businesses from copying their products.
SUB
Answers
Answer:
D
Explanation:
i believe it could also be c
Property rights protect businesses by preventing other businesses from copying their products. Option D. This is further explained below.
What are Property rights?Generally, Property rights are simply defined as the conceptual and constitutional possession of resources, and how they may be utilized are defined by property rights.
In conclusion, Businesses are protected by property rights, which prohibit competitors from replicating their goods.
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For an employee, is etiquette an important part of taking an audience-centered approach to communication?
Answers
Yes, etiquette is an important part of taking an audience-centered approach to communication for an employee. Etiquette refers to the proper and respectful behavior that is expected in social and professional settings.
Clear and concise communication: Etiquette emphasizes the importance of being clear, concise, and respectful in one's communication. This helps ensure that the message is effectively conveyed to the audience, avoiding misunderstandings or confusion.
In summary, practicing good etiquette is crucial for an employee in taking an audience-centered approach to communication. It promotes respect, enhances professionalism, enables clear communication, and leaves a positive impression.
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