Adjustments ensure that liabilities are reported as all amounts owed at the end of the accounting period.
The expense account debit entries are balanced by credit entries to payable accounts. When the amount owed is paid, these accounts are debited rather than the expense accounts.
What is an accrued expense?
Accrued expenses are those incurred for which there is no invoice or other documentation. They are classified as current liabilities, meaning they must be paid within the current 12-month period and appear on the company's balance sheet.An example of an accrual can be a lease payment that is due regularly every month. Even if the bill for that month hasn't arrived yet, the company knows it will have to pay the usual amount. Payment terms are usually defined by company policies or as part of a pre-existing contract.Some accrued expenses are "secured," meaning that the debtor is entitled to payment from the company's assets unless otherwise paid. Others are "unsecured," meaning the debtor has no claim to the company's assets. For unsecured assets, payment terms are usually aggressive (for example, within 30 days).To learn more about accrued expense, refer to:
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The sum of current and long-term assets reported on the balance sheet is referred to as?
Total assets are the total of the short-term and long-term assets listed on the balance sheet.
A company's assets, liabilities, and equity are balanced to create a balance sheet. Total assets are equal to total liabilities plus total equity. The aggregate of all short-term, long-term, and other assets is referred to as total assets. The sum of all current, future, and other liabilities is used to compute total liabilities. Net income, retained earnings, owner contributions, and shares of issued stock are added together to determine total equity. Even though the data on a balance sheet is typically less useful than that on an income statement, a business can nevertheless utilize it to make internal decisions.
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Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if the price of tea, a substitute for coffee, decreases, and due to better weather, the price of coffee beans also decreases.
Equilibrium price = Declines
Equilibrium amount equals uncertain
Explanation:-Since we know that substitutes have a positive cross price elasticity of demand, we will assume that tea and coffee are substitutes in this situation.
Therefore, if the price of tea lowers, less people would buy coffee, which causes the demand curve for coffee to move to the left.
Additionally, because coffee beans are a necessary component in the production of coffee, the price of coffee beans has decreased as a result of the improved weather.
As a result, the cost of producing coffee decreases, increasing supply and moving the supply curve of coffee to the right.
As a result, there is a decrease in the equilibrium price level of coffee. However, the impact of these shifts on the equilibrium quantity is uncertain because it will depend on how much each curve shifts.
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Which of these situations can be handled by using the Management Information Systems?
An organization needs different types of managements to achieve business goals smoothly. However, managers, executives, and employees face problems and hurdles while running the organization.
-Sometimes, there are problems in the inventory department.- - At times, the organization faces problems with the performance of their products in the market. Decision makers of the organization are not able to take proper decisions. Employees face technical issues while feeding data into a database.-
Situations that can be handled by using the Management Information Systems are that an organization needs different types of management to achieve business goals smoothly. However, managers, executives, and employees face problems and hurdles while running the organization.
Management Information systems are used by businesses to gather, process, and store data at all levels of operation. In order to provide the information necessary to conduct business on a daily basis, management compiles and disseminates this data.
Information systems are used by every employee in the business, even those who make hiring and firing decisions and pay the bills. A computer database could be used by a vehicle dealership to track the most successful products.
To sell goods through the Internet, a retail establishment can employ a computer-based information system. In reality, in order to gain a competitive advantage over rival companies, many (if not most) firms focus on MIS goal alignment.
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What term describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture?.
The Term Crowdfunding describes an internet-inspired mechanism for raising money.
Crowdfunding is the technique of financing a project or endeavor by collecting funds from several individuals, generally online. A kind of alternative finance and crowdsourcing is crowdfunding. Globally, crowdsourcing raised more than US$34 billion in 2015.
Crowdfunding is a method of raising capital to sponsor endeavors and companies. Fundraisers can use internet platforms to gather money from a sizable audience. Startup enterprises and expanding businesses most frequently utilize crowdfunding as a means of obtaining alternative capital.
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You are planning to place your money in safe government securities, which currently offer a 4% riskless rate of return. Before making this investment, an entrepreneur approaches you and asks you to purchase her new business venture, fastdrop, a delivery service for legal documents that would produce a single cash inflow of $80,000 at the end of the year. You have determined that 6% is an appropriate risk premium for this investment. How much would you be willing to pay for fast drop?.
The first step is to determine the opportunity cost.
Opportunity cost = Risk free rate + Risk Premium
10% = 4% + 6%
The second step, given the opportunity cost of 10%, is to determine that the economic value of this investment is:
$80,000/1.10 = $72,727
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another.
Formula of opportunity cost is:
Opportunity cost = Risk free rate + Risk Premium
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In the crowdsourcing and crowdfunding video case, what term related to crowdsourcing is used to describe connecting with an on-demand, scaleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace?.
Companies like the Amazon Mechanical Turk marketplace refer to connecting with an on-demand, marketable workforce that can carry out a wide range of jobs as crowdsourcing by using the term "Amazon Mechanical Turk" (MTurk).
People and businesses can more easily outsource their processes and occupations utilizing Amazon Mechanical Turk (MTurk), a crowdsourcing marketplace, with the aid of a distributed workforce that can perform these tasks digitally. This could include anything from straightforward data verification and investigation to more sympathetic tasks like conducting surveys and content control, among others. Businesses can enhance operational processes, increase data collection and analysis, and accelerate the development of machine learning by utilizing the pooled brains, experience, and insights of a global workforce through MTurk.
Even though technology is always developing, there are still many tasks that people can complete far more quickly and effectively than computers, like content moderation, data deduplication, and research.
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I need help with homework.
1. The fees paid for business license is Fixed Cost, because it is not dependent on any other factor.
What is Fixed Cost?Fixed cost is the cost that is not dependent on any other factor and is payable at all costs. The fixed cost is a fixed amount that is to be paid annually or monthly.
2. The rent for your office is a fixed cost as the rent is to be paid whether any sales is made or not.
3.The amount paid for electricity to operate production machinery is variable cost as the charges will be less if the machine is less operated that is lower production.
4.The amount paid in wages to production workers is variable cost as the wages are paid for the units produced or hours worked.
5. The amount paid for raw material is variable cost as the it depends on the quantity purchased.
6. The amount paid for computers and cell phones in the firm is fixed cost because it does not depend on the units produced.
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stuart handles international transactions for other firms. he buys goods on consignment and stores them until they are purchased by a buyer in the international marketplace. after the goods are purchased, stuart is also responsible for transporting the goods. stuart is acting as a(n)
Stuart manages the foreign business for other businesses. He acquires things on consignment and keeps them in storage until a buyer in the global market buys them. Stuart is also in charge of shipping the goods when they are bought. Stuart is working as an export representative.
An export representative is what?Coordination and facilitation of cargo export and import are the responsibilities of an export agent. As an export agent, you keep track of deliveries, respond to client inquiries, manage shipping logistics, and make sure your product or merchandise's paperwork is in order.
You carry out market research and trade analysis in addition to administrative tasks to boost efficiency. You might be employed by a major transportation company or by a manufacturer in a manufacturing plant. When processing orders, interacting with clients and collaborating with other departments, it's crucial that you deliver top-notch customer service.
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scarlett is graduating from culinary school soon and she often imagines opening her own comfort food restaurant. her other passion is skiing in colorado, where she travels to four or five times every year. as her small business advisor, you believe it necessary to provide her with information that will help her make good business decisions. what information would be helpful for scarlett to know?
Scarlett is graduating from culinary school soon and she often imagines opening her own comfort food restaurant, Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.
Which characteristics best characterize the personality attributes of an entrepreneur?Persuasiveness is one of the 6 Personality Traits Identified by Successful Entrepreneurs. Salesmanship is at the top of the list of qualities that successful entrepreneurs must possess, according to none other than Mark Cuban, owner of the Dallas Mavericks and Shark Tank investor.
Flexibility.
Creativity.
Self-motivation.
Tenacity.
Passion.
Why is the US economy so dependent on small businesses?Two-thirds of new jobs are created by small firms, which also contribute 43.5% of the country's GDP (GDP). Small businesses not only drive innovation but also maintain a healthy economy. Per employee, small businesses issue 16 times more new patents than do major patenting companies.
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a taxi company currently has nine cabs in its fleet, and its total daily cost is $4,000. if the company added a tenth cab, its daily total cost would be $4,200, or $420 per cab. adding the tenth cab will increase the daily total revenue by $300. the company should add the tenth cab based on the economic theory.
Total Cost of 9 cars = $4000
Total Cost of 10 Cars = $4200
Marginal Cost of adding 10th car will be = 4200-4000
= $200
Similarly Marginal Revenue will increase by $300.
Since marginal revenue is greater than marginal cost.
Hence it will be profitable for the firm to add the 10th car.
What is Marginal Revenue?Marginal revenue is the increase in income that comes about from the deal of one extra unit of output. Whereas minimal income can remain steady over a certain level of yield, it takes after from the law of reducing returns and will eventually moderate down as the yield level increases.
To calculate the marginal income, a company divides the alter in its add up to income by the alter of its add up to yield amount.
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Why should a bill of sale for appliances the buyer would like to purchase be made an addendum to the sales contract?
A bill of sale for appliances the buyer would like to purchase be made an addendum to the sales contract for making the agreement legally enforceable. Therefore, the option A holds true.
What is the significance of sales contract?A sales contract can be referred to or considered as a contract that takes place between a buyer and a seller, where the seller agrees to supply the product in exchange for monetary returns from the buyer. A contract must be legally enforceable.
Therefore, the option A holds true and states regarding the significance of sales contract.
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The missing choices for the question have been added below for better reference.
A. Agreement to be legally enforceable
B. for the sake of buyer
C. to comply with the regulations
D. for taxation benefits
The financial statement that is most useful in explaining a company's stock price performance is the? income statement. balance sheet. statement of stockholders' equity.
The financial statement that is most useful in explaining a company's stock price performance is the statement of stockholders' equity. Hene, Option C is correct.
What is a financial statement?Financial statements are those kinds of statements which are prepared by any organization whose is involved in such kinds of practices in exchange for which they earn money and terms of profit.
When it comes to the types of financial statements, there are basically various kinds of financial statements from which a person can get knowledge about the financial status of a company.
When it is about the stock price performance of a company, it is because of the financial statement that helps to understand the stockholders' equity. This is a statement present in the financial statement.
Therefore, Option C is correct.
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Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for
$7,411. What was his gross capital gain?
If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
Gross capital gainIn order to determine the gross capital gain since we were told that he purchased stock for the amount of $5,125 in which last month he sold the stock for the amount of $7,411 we have to deduct the current stock selling price form the stock purchase price by making use of this formula to determine the gross capital gain.
Gross capital gain = Current stock selling price - Stock purchase price
Where:
Current stock selling price = $7,411
Stock purchase price = $5,125
Let plug in the formula so as to find the gross capital gain
Gross capital gain = $7,411 - $5,125
Gross capital gain =$2,286
Therefore If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
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What does the media use to influence consumer behavior?
risk aversion
marginal analysis
rational choice
product placement
Answer: If ur asking what I think ur asking then I think the last one, product placement, is used to influence consumer behavior because if the product is placed right and looks pleasing to the consumer then they will buy it. Hope this helped : )
Product placement is a strategy commonly employed by the media to influence consumer behavior. Hence, Option (D) is correct.
Product placement involves the intentional integration of branded products or services within media content, such as movies, TV shows, or online videos.
By featuring specific products in these forms of media, advertisers aim to create brand awareness, generate positive associations, and influence consumer preferences and purchasing decisions.
The media strategically places products within the content to ensure they are seen by the audience, often in a subtle or seamless manner.
This technique leverages the power of storytelling and the influence of popular media to promote and endorse specific brands or products, ultimately impacting consumer behavior.
Through product placement, the media can effectively shape consumer perceptions, generate desire for certain products, and drive consumer choices.
Thus, Option (D) product placement is a widely used tool in advertising and marketing campaigns to influence consumer behavior and increase brand recognition and sales.
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What does the media use to influence consumer behavior?
A) risk aversion
B)marginal analysis
C)rational choice
D)product placement
Sandra retired from a large, multinational paper company last year. she receives health care benefits as well as a pension from the company. at present, sandra falls under the category of a:________
Sandra retired from a big, multinational paper business last year. she receives health care help as well as a pension from the company. at present, Sandra drops under the category of a Legacy workforce.
What type of system is used by a firm that concentrates on what it does best within selected markets?Companies using concentration strategies endeavor to concentrate on what they do best within their selected markets. A learning organization continuously monitors its environment, incorporates information, makes the decision, and flexibly restructures itself to compete in that environment.
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the gm (general manager) is responsible for the overall success or failure of the hotel. in order to achieve that success, a successful gm will the best people.
The GM (general manager) is to blame for the general success or failure of the hotel. In order to achieve that success, a successful GM will select and train the best people.
Who is general manager?A general manager (GM) is in charge of all or some aspects of a department's or an organization's operations, including bringing in money and keeping expenditures under control. The general manager could rank among the top executives in small businesses.General managers typically have less experience and are younger than CEOs. Since the CEO is the person with the top position within a business, they frequently had a significant amount of work experience before taking the job, sometimes in the capacity of general manager.The daily operations of their company are observed by the general manager. By establishing operational budgets and policies, they achieve the strategic objectives for their division and teams. They also oversee workers to ensure that they complete their responsibilities efficiently throughout the day.Learn more about CEO here:
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Price & malone corp. , a company based in houston, caters to a market of individuals and households that buy goods and services for personal consumption. Price & malone caters to a ________ market.
Price & Malone corp. , a company based in Houston, caters to a market of individuals and households that buy goods and services for personal consumption.
Price & Malone caters to a consumer market.
What is a consumer market?
A consumer market is a market where individuals buy products or services for their own personal use, as opposed to buying for the purpose of resale. Consumer markets consist primarily of products that people use as part of their daily lives. Whenever someone buys a product for their own use, they become part of the consumer market. The market is usually divided into four different categories: food, beverage, transport and retail.To learn more about consumer market, refer to:
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Which declarative tool would you use for the following use case? when the annual revenue field exceeds $500,000 on an account, automatically update the customer priority field to high.
What structure in the hypothalamus receives information about light from the retina and routes it to structures of the brain that regulate biological rhythms?.
The anterior region of the hypothalamus has a bilateral structure called the suprachiasmatic nucleus (SCN). It controls the majority of the body's circadian rhythms and serves as the circadian timing system's main pacemaker.
The suprachiasmatic nucleus (SCN), a group of hundreds of cells in the hypothalamus, regulates your behavioral rhythm by receiving information about light exposure directly structure from your eyes.
Although the suprachiasmatic nucleus (SCN) of the hypothalamus is largely responsible for synchronizing circadian clocks throughout the structure body, rhythmicity in other hypothalamic nuclei has shown to be a crucial regulator of physiological rhythms like the sleep-wake cycle and daily food intake.
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In general, why do rooms in older hotels generally take longer to clean than rooms in newer hotels? due to newer rooms being incredibly small, even miniature due to many newer rooms having lots of high-tech self-cleaning features due to the ceilings being so low in older hotels due to the location of supplies and the architecture of the rooms
Rooms in older hotels generally take longer to clean than rooms in newer hotels due to the location of supplies and the architecture of the rooms.
There are many factors upon which the cleaning of a room depends. Usually, it is easier to clean newer rooms than older ones because a lesser number of people have used the room in comparison to the older ones. The things in the older rooms are more older and hence their cleanliness level does not match the newer ones.
The architecture of a room also plays important role in the cleanliness of rooms. The newer rooms have a better architecture and hence are easier to clean.
The location of supplies is also looked upon in newer hotels but is not managed as properly in the older ones.
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The general purpose financial statements prepared annually by a corporation would not include the:__________
The general purpose financial statements prepared annually by a corporation would not include the: Income tax return
This is further explained below.
What is an Income tax return?Generally, A tax return is a document or form that is submitted to a tax authority in order to disclose one's income, spending, and any other relevant tax information.
Taxpayers are able to determine their tax burden, plan out their tax payments, and make claims for tax refunds for amounts that were overpaid by filing tax returns.
Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.
Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations with the objective of verifying their correctness and meeting the requirements for taxation, financing or investing.
In conclusion, The following are not included in the financial statements for general purposes that are produced yearly by a corporation: Income tax return
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A substitute in production is a good that is _____ another good, and a complement in production is a good that is _____ another good.
A substitute in production is a good that is produced in place of another good.
A complement in production is a good that is produced together with another good.
What is a substitute in production?
A substitute is also called as substitutable good. According to consumer theory in economics it is referred to as a product or a service that consumers view as essentially the similar-enough product to another product. In a nutshell, a substitute is a good that can be used in place of the another.
What is a compliment in production?Complements are those goods that are normally consumed together. Substitutes are those goods which are consumed in place of the other. The prices of substitute goods or complementary also shift the "demand curve".
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which was part of sumerian farming and trading? select all correct answers. lumber, stone, and gold produced in sumer could be traded for food. lumber, stone, and gold produced in sumer could be traded for food. levees held back the annual floods of the tigris and euphrates rivers. levees held back the annual floods of the tigris and euphrates rivers. surplus barley and wheat could be traded for other things.
Trading is the buying and selling of financial instruments for profit. These commodities span various assets that are assigned increasing and decreasing monetary values and can be traded in the direction they take. You may have heard of stocks, stocks, and funds.
Unlike gambling, trading has no final win or loss. Companies compete with other companies to innovate their products and provide better services, thereby increasing their stock prices. This translates into greater profits for the company's shareholders. Trading is therefore not gambling.
Trading is very difficult because there are many things to know. Some of these are the amount of misleading information out there, your own biases, the need to balance risk and reward, etc. Jul 25, 2022
Trading includes stocks, commodities, and currency pairs. , and more frequent transactions such as buying and selling other commodities. The goal is to generate returns that exceed buy-and-hold investments. Investors will be happy with 10% to 15% annual returns, while traders may be aiming for 10% monthly returns.
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arturo is a partner in a firm that specializes in producing vitamins and health food products. while the business is considered small by u.s. standards, he is attempting to persuade his partner to expand internationally. arturo would list which advantage of going global?
The correct option is a. exporting can help sell excess inventory
Exporting is the process of selling goods and services that are produced or sourced domestically in other nations. The opposite of exporting is importing. Purchasing products and services abroad and bringing them back home is referred to as importation. When it comes to international trade, an export is a good made in one nation and sold in another, or a service rendered in one nation to a national or resident of another nation. The person who provides these goods or services is an exporter; the overseas customer is an importer. Exporting is the process by which businesses from one country sell their goods and services to businesses or consumers in another country in international trade.
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This style of policing attempts to address the underlying social problems that contribute to crime by integrating research and scientific problem-solving strategies to analyze instances of crime with the goal of developing more effective response strategies.
By using research and scientific problem-solving techniques to assess crime scenes and create more effective response plans, problem-oriented policing seeks to address the underlying societal issues that contribute to crime.
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Diagnose and address issues that are raising the risk of crime in locations that are typically experiencing relatively high levels of crime (i.e., "hot spots") is problem-oriented policing (POP). POP is difficult since authorities must identify and address issues that could pertain to a variety of issues that contribute to crime.
Key elements are rather than a crime, a case, calls, or events, a problem serves as the fundamental unit of police activity, something is an issue if it affects or worries the general public as well as the police.
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What term describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture?.
Crowdfunding describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture.
Crowdfunding is the technique of supporting a project or business venture by soliciting contributions from many individuals, generally through internet. Crowdfunding is a type of alternative financing and crowdsourcing.
The crowd's contributions start the crowdfunding process and have an impact on how valuable the final offers or results are. People take on the roles of agents for the projects they support, choosing and promoting them. They occasionally take on the role of a donor, offering support for charitable causes. People share information about the initiatives they promote in their internet groups, which increases support.
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What is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan?.
Capacity is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan.
What is loan?A loan is an amount of money given to an individual in advance of when the individual will have the money.
Some loans are given with collateral while others may not collateral. Most loan comes with interest which is certain amount of money that is determined by the borrower.
The capacity of the individual who wants to borrow money should be known to a certain repayment plan.
Therefore, Capacity is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan
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Capacity is the main factor that creditors consider when deciding whether to provide you credit, what conditions they will offer you, and how much interest you will pay on a loan.
Describe a loan.?A loan is a sum of money that is provided to a person before they really get it. While some loans may not need collateral, others may.
The majority of loans include interest, which is a predetermined sum of money set by the borrower.
The ability of the person seeking a loan should be known to a certain repayment strategy.
As a result, your capacity is the main factor that creditors consider when deciding whether to provide you credit, what conditions they will offer you, and what interest rate you will pay for a loan.
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Which is a common factor used in calculating gross domestic product (GDP)?
A. market share
B. profit margins
C. number of available workers
D. consumer spending
The most popular approach for determining a nation's GDP is the spending method. With this approach, net exports, government spending, investment, and consumer spending are totaled.
Although the GDP can be broken down in many different ways, the most popular is to see it as the total of a nation's private consumption, investment, government spending, and net exports (or exports less imports).
The total private and public consumption, government expenditures, investments, increases in private inventories, paid-in building expenses, and the foreign balance of trade are all included in the computation of a nation's GDP. (Imports are deducted from the amount while exports are added.)
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when a firm increases the number of new employees they recruit per year, but the average number of employees stays the same, then turnover has blank .
When a firm increases the number of new employees they recruit per year, but the average number of employees stays the same, then turnover has gone up.
However, a mean interview-to-hire ratio is 4:8:1; a decent ratio is 3:1. Interview to rent ratios are employees excellent measures of how well recruiting is sourcing and screening candidates. ensure your organization features a strong interview to rent ratio to make sure overall hiring efficiency.
On average, approximately 118 people apply for any given job, in keeping with a Forbes report. of these 118 applicants, only 22% are going to be invited to interview employees for the position. Therefore, for each 118 job applicants submitted, roughly 24 people will advance to the interview stage of the hiring process.
On average, a recruiter should be ready to fill/hire around four positions per month with a mean level of difficulty, or around 50 p.a.. An exceptional recruiter, or one employees functioning on mostly entry level positions, should be able to fill 60-80 each year. Based on the past performance of your recruiters, you'll determine a theoretical capacity or bandwidth for the long run.
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Shondra reports to the management team that italy has decided to increase the tax on all manufactured textiles. As a result, the company will pay more for the fabrics it orders. Which step in the global strategic planning process will help shondra learn this information?.
The step in the global strategic planning process that will help Shondra learn this information is to Analyze external environments. Thus the correct option is C.
What is the external environment?The external environment of business refers to factors that affect the operations of the business from outside sources and are not controllable in nature.
In this case, Shondra reports that Italy has decided to increase the tax on all manufactured textiles which indicates the political or economic environment which affects the business from external sources.
Therefore, option C is appropriate.
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The complete question is
Shondra reports to the management team that Italy has decided to increase the tax on all manufactured textiles. As a result, the company will pay more for the fabrics it orders. Which step in the global strategic planning process will help Shondra learn this information?
Make tactical plans.
Define the company's mission.
Analyze external environments.
Set corporate objectives.