There are 7 steps in Decision making.
Step 1: Determine the choice
You are aware that a choice must be made. .
Step 2: Compile pertinent information.
Before making a decision, gather some relevant information about what information is required, the best sources to use, and how to obtain it.
step 3 : Finding alternatives .
You will probably find a number of potential courses of action or alternatives as you gather information. List every conceivable and preferable alternative in this step.
step 4 : evaluate the data
Make use of your knowledge and feelings to envision what each of the possible outcomes might be like. Analyze each option to see if it would satisfy or otherwise address the need that was established in Step 1.
step 5 .Pick one of several options
You are prepared to choose the option that seems to be the best fit for you once you have considered all the available information.
Take action in Step 6
Now is the time to start putting the alternative you decided on in Step 5 into practise.
Step 7: Review the decision you made and its effects.
Consider your decision's outcomes in this last step to see whether it has satisfied the need you defined in Step 1 or not. if the choice hasn't answered the specified need, you might want to repeat some of the process's steps to reach a fresh conclusion.
In psychology, decision-making—also written decision-making—is seen as the cognitive process that leads to the choice of a belief or a plan of action from among a number of potential alternative possibilities. It might be both unreasonable and rational. The process of creating decisions is a form of reasoning that is predicated on the decision-values, maker's preferences, and beliefs. A decision is made at the end of every decision-making process, and that decision may or may not lead to action. Particularly in European psychology research, research on decision-making is also published under the heading of issue solving. Making decisions can be seen as a problem-solving process that results in a solution that is thought to be ideal, or at the very least, acceptable. In light of this, it is a process that might be somewhat rational or irrational .
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A company uses accrual-basis accounting. On december 20, the company received $1,000 from a customer for services expected to be completed within 30 days. On december 20, the company recorded $1,000 of cash and unearned service revenue. The company does provide the services before the end of the current year, but it omits the year-end adjusting entry. This omission would cause the company’s current year.
Based on the company omitting the year-end adjusting entry after it had provided the service before the end of the current year, the effect on the company's financials is that the current year c) liabilities will be overstated.
What will happen to the financial statement?Accrual based accounting means that revenue from services should be recognized in the period they are provided. When a service cannot be provided by a company in a period, the company is to record any cash received as unearned revenue which is a liability to the company.
But, If the company is somehow able to provide the service after recording the cash as unearned revenue like the company above did, they are to move the cash from the unearned revenue to the revenue.
If the company omits this adjusting entry, then it would mean that liabilities. This is because unearned revenue is a liability and it should have been reduced by $1,000 after the company provided the service. So, liabilities would be overstated.
In conclusion, liabilities are overstated.
Options for this question include:
a) net income to be overstated.b) revenues to be overstated.c) liabilities to be overstated.d) expenses to be overstated.e) assets to be overstated.Find out more on unearned revenue at https://brainly.com/question/5010039
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Harry is beginning to sell candy in a booth at the community market. which unit is the most appropriate for pricing the candy?
Harry is beginning to sell candy in a booth at the community market. The unit that is the most appropriate for pricing the candy is milligrams per dollar kilometers
What is Business?This refers to the venture that is used to buy and sell goods and services to make a profit.
Hence, we can see that Harry is beginning to sell candy in a booth at the community market. The unit that is the most appropriate for pricing the candy is milligrams per dollar kilometers
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marco and tatiana are married and file separate returns for 2021. tatiana itemizes her deductions on her return. marco's adjusted gross income was $18,000, his itemized deductions were $2,400. neither have any dependents.
Taxable income ($18,00 - $12,400 = $5,600).
Tatiana and Marco are wed and have separate tax returns for 2021. On her tax return, Tatiana itemsizes her deductions. Marco had an adjusted gross income of $18,000 and $2,400 in itemized deductions. neither of them have any dependents, thus Marco shouldn't itemize since his deductions are less than the standard deduction. His taxable income was calculated as follows: AGI - standard deduction ($18,00 - $12,400 = $5,600).
Total income tax owed by Marco is $5,600, multiplied by 10%, or $560.
When the deductions are less than the standard deduction, taxpayers shouldn't itemize.
Who often claims itemized deductions?
Taxpayers frequently choose to itemiz ewhen they may deduct more under the itemized deductions cap than under the standard deduction. In recent years, about 30% of taxpayers choose to itemize.
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What kind of cost is described by buying the goods and services an average person
needs?
(1 point)
Oquality cost
O cost of business
O cost of living
O opportunity cost
The kind of cost which is described by buying the goods and services an average person needs is the cost of living.
Cost of living is referred to as an amount of money which is required in order to cover necessary expenses and to maintain a certain lifestyle standard in a particular place and time. So in this only the necessary expenses are covered such as food, housing, taxes, health care, clothing, transportation, etc.
Cost of living is the cost which is thus maintaining a certain standard of living. There are factors which lead to the changes in the cost of living over time. So the average person is buying goods and services which are necessary at that period of time.
Hence, option C is correct.
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given your understanding of the marketing discipline (analyzing the situation through the 5cs, developing marketing strategy through stp, and executing a marketing program through the 4ps), she has asked you to identify at least five potential areas to conduct marketing research
The first step in the advertising search for technique is defining the hassle and problems at hand.
After that, you can enhance an approach and research for the plan formulation. The lookup method strikes on to statistics evaluation and collection.
Analyze Data and Report Findings. Now that you have gathered all of the statistics you need, it is time for the exciting part: inspecting the data. Although one piece of files or facts may additionally soar out at you, it is crucial to seem for characteristics as adverse to particular pieces of information.
What do you mean thru advertising and marketing look up talk about the steps of advertising and advertising research process?The advertising and advertising lookup technique entails six steps: 1: hassle definition, 2: improvement of an strategy to the problem, 3: search for graph formulation, 4: statistics collection, 5: data coaching and analysis, and 6: file training and presentation.
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https://brainly.com/question/24906199#SPJ4A capitalistic system, in which the production of goods and services is determined by demand from consumers.
A type of economic system in which production of goods and services is determined by the demand from consumers. Also called a demand economy or capitalism.
A command economy is a national economy during which the govt, or the central planner, determines consumers what goods and services should be produced, the availability that ought to be produced, and also the price of products and services.
Capitalism is commonly thought of as a financial system within which private actors own and control property in unison with their interests, and demand and provide freely set prices in markets in an exceedingly way which will serve the simplest interests of society.
The essential feature of capitalism is the motive to form a profit. Socialism is, loosely, a political and financial set-up within which property and therefore the means of production consumers are owned in common, typically controlled by the state or government. Socialism is predicated on the concept that common or public ownership of resources and means of production results in a more equal society.
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kaitlin has decided not to fly to her business conference because her was worried about her taking the plane. what decision making-method did kaitlin most likely use
The decision-making technique that Kaitlin most probable used is the Emotional method.
A absolutely emotional selection is very fast in comparison to a rational decision. This is reactive (and generally subconscious) and can be useful when confronted with on the spot danger, or in selections of minimal significance. Some research advise an emotional insistence to respect the existence of any other human being.
What is an example of emotional decision making?Making emotional selections is natural. For example, if you're feeling happy, you might figure out to walk home by way of a sunny park. But if you would been chased by means of a canine as a child, that same sunny park would possibly trigger emotions of fear, and you would take the bus instead.
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The behavior of the Chinese factory owners does not maintain and protect the fundamental rights of people. Their behavior can therefore be judged unethical according to the moral rights value.
Employers and workers are both required to respect a set of moral standards, convictions, and commitments at work. This set of rules must be followed by all workers at the firm. These are people's fundamental rights.
To foster relationships between staff members and with consumers, employers put these values into action. It is up to the organization to decide whether or not to put these principles in writing, but they must be followed. Employers are also required to follow workplace ethics and might face legal action for unethical conduct.
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Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities
Answer:
B. organization and marketing plan
Section three of a business plan describes Organization and marketing plan. Thus option B is correct.
What is a business plan?A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.
Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.
The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.
Therefore, option B is the correct option.
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Strategic alliances are partnerships formed that create competitive advantages locally only. true or false?
The correct answer is True -Strategic alliances are partnerships formed that create competitive advantages locally only.
A partnership is an arrangement where events, known as business companions, comply with cooperation to develop their mutual hobbies. The companions in a partnership may be people, corporations, hobby-based organizations, colleges, governments, or mixtures.
'Partnership is the relationship between individuals who've agreed to share the earnings of an enterprise carried on via all or any of them performing for all.
The definition of a partnership is courting among or extra people. An instance of a partnership is companies operating collectively. An example of a partnership is a wedding. noun.
A partnership is a shape of commercial enterprise in which two or greater human beings proportion ownership, as well as the responsibility for coping with the organization and the profits or losses the commercial enterprise generates
partnerships: There have to be or more individuals to form a partnership. There must be a written or verbal settlement between all the concerned individuals. The agreement ought to have the goal of undertaking business.
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joylene and kurt are competing for a promotion. hoping to sway her manager to promote her over kurt, joylene gives her manager an expensive bottle of wine. this is an example of
Joylene presents her manager with a pricey bottle of wine in an effort to convince him to promote her instead of Kurt. This is an instance of bribery.
What exactly qualifies as bribery?Bribery is the act of offering, giving, soliciting, or receiving something of value in order to influence the behavior of someone who is charged with a public or legal obligation.
What makes bribery illegal?In accordance with California law, bribery is defined as the unlawful offering, giving, or receiving of something of value with the aim to corruptly influence a person acting in a public or official position. Bribery is normally charged as a crime and carries a maximum 4-year prison sentence.
Is accepting a bribe a type of corruption?Corruption is unethical or fraudulent behavior by persons in positions of authority, usually involving bribery. Bribery is the act of providing, giving, or receiving anything of value with the purpose of persuading someone to act or rewarding someone for acting.
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As a part of his attempt to expand political and economic rights for african americans, w. E. B. Dubois and other prominent progressive leaders founded the?.
W. E. B. Dubois and other prominent progressive leaders founded the National Association for the advancement of colored people (NAACP).
A group of individuals led by W. E. B. Du Bois, Mary W. Ovington, M. Storey, and Ida B. Wells founded the National Association for the Advancement of Colored People (NAACP) in 1909 as an interracial effort to establish justice for African Americans. Roy Wilkins and Thurgood Marshall were among the group's leaders. Political lobbying, public relations campaigns, and legal team-developed lawsuit strategies are just a few of the national NAACP initiatives. By taking into account concerns like police misbehaviour, the plight of black international refugees, and issues of economic development, the organisation expanded its objective in the late 20th century. Its name, which was kept in line with tradition, refers to persons who have some African heritage by using the term coloured people, which was historically widely used.
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Strategic ______ is a process that involves managers from all levels of the organization in the formulation and the implementation of strategies and strategic goals.
Strategic making plans is a process that includes managers from all stages of the organization in the formulation and implementation of strategies and strategic dreams.
What is Strategic making plans?Managers are chargeable for getting work done through others. We usually describe the important thing managerial functions as planning, organizing, main, and controlling. The definitions for each of those have advanced over time, simply because the nature of handling, in widespread, has advanced through the years. Accomplishes department objectives by way of managing workforce; planning and evaluating branch sports. keeps a team of workers with the aid of recruiting, deciding on, orienting, and educating personnel. ensures secure, at ease, and felony work surroundings. Develops private increase possibilities.
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A need is something that you must have.
a. True
b. False
Answer:little tricky had me think honestly but i choose option A
Explanation:
hoped this helped
how do financial institutions help with risk-bearing? insurance companies spread out risk by pooling premiums together from policy holders and pay the claims of those who have an accident, fire, medical need or die. this process spreads the financial risk of these events out across a large pool of policyholders and the investors in the insurance company. b. mutual funds and pension funds take your savings and spread them out among the stocks and bonds of many different companies, limiting your exposure to any one company. c. investment companies will deny any attempt by an investor to concentrate their investment in one single company as this would violate their role in spreading out risk. d. financial institutions not only assist with the risk-bearing of savers and investors, but must also be concerned about their own risk, spreading their loans out among a variety of clientele.
Insurance companies spread out risk by pooling premiums together from policy holders and pay the claims of those who have an accident, fire, medical need or die.This process spreads the financial risk of these events out across a large pool of policyholders and the investors in the insurance company. Mutual funds and pension funds take your savings and spread them out among the stocks and bonds of many different companies, limiting your exposure to any one company. Investment companies will deny any attempt by an investor to concentrate their investment in one single company as this would violate their role in spreading out risk. Options a,b,c are right.
What are financial institutions?
A financial situation, an organisation responsible for providing financial services to costumers. The financial products has money management, account checking and other services that meet the objectives of customers.
This organisation helps in moving funds from savers to borrowers which spreads out risk bearing. The concern will be upon their own risks, apart from the risks held by savers and borrowers. The risk is shared among large number of people where the risk is in the form of premium.
The risk is spread among different companies through investing.
Moreover, they ll be efficient about the evaluation of information.
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Suppose you are buying your first condo for $180,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?.
Let's say your first condo will cost $180,000, and your down payment will be $15,000 of that. With the first payment due in a month, you had planned to finance the remaining amount at a 30-year, monthly payment, amortized mortgage with a nominal interest rate of 6.5%. Your recurring payments will be $ 1042.91.
Condo price = $ 180,000
Down payment = $ 15000
Loan amount(P) = Condo price-Down payment
= 180000-15000
= $ 165000
Annual interest rate = 6.5%
Monthly interest rate (R) = 6.5%/12 = 0.541667%
Period = 30 Years
Number of monthly payments (N) = 30*12 = 360
As per formula
P = C*[1-(1+R)-N]/R
165000 = C*[1-(1+0.00541667)-360]/0.00541667
165000 = C*[1-1.00541667-360]/0.00541667
165000 = C*[1-0.143024727507522]/0.00541667
165000 = C*0.856975272492478/0.00541667
165000 = C*158.210722176628
C = 165000/158.210722176628
C = 1042.91
Hence
Monthly payment = $ 1042.91
A down payment is a sum of money paid by a buyer at the beginning of the process of buying a costly commodity or service. The buyer will frequently take out a loan to finance the balance of the purchase price as the down payment only covers a percentage of the entire cost.
Down payments for homes are a typical example of down payments. The down payment ranges from 5% to 25% of the entire cost of the house, with the remaining amount being covered by a mortgage obtained from a bank or other lending organization. Similar rules apply to down payments for auto purchases.
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suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. based on this information, we can best conclude that
Let's assume that this year's tuition fees are higher than last year's and the number of students admitted to the university this year is higher than last year's. With this information, we can conclude that the quantity demanded increased due to changes in another factor, despite the increase in price.
Information is a stimulus that has meaning to the recipient in a particular context. When information is entered and stored in a computer, it is commonly called data. After processing such as formatting and printing, the output data is recognized as information again. Convey or receive knowledge of a particular fact or situation. News: information about the crime. Knowledge acquired through study, communication, research, education, etc. Fact: Its wealth of general information is amazing.
Knowledge shared or acquired through learning, teaching, inquiry, or news, shared through acts of communication, whether oral, nonverbal, visual or written. Information has many names: intelligence, messages, data, signals, and facts.
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Stanley receives a monthly social security check from the u. S. Government. This would not be counted when measuring stanley’s personal income. True or false?.
Stanley receives a monthly social security check from the u. S. Government. This would not be counted when measuring Stanley’s personal income is a false statement.
What is Social Security Program?The social security problem is a program which which provides protection against money loss or earnings loss at the time of death, retirement and disability. this financial operations are normally handled through survivors insurance, disability insurance and old age trust funds.
This is a program which is coordinated by federal government and it runs by using taxes which are paid to the trust fund to provide benefits to those who are eligible.
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a u.s. company is engaged in global outsourcing when it contracts with a call center in india to handle technical support requests from its customers.
A U.S company is engaged in global outsourcing when it contracts with a call center in India to handle technical support requests from its customers.
Global Outsourcing: What is it?
Global outsourcing is the practise of contracting with an outside service provider to handle a certain business operation. A work, a project, or even an entire department may be outsourced by Western businesses to nations like the Philippines and India.
Global outsourcing, as opposed to conventional business process outsourcing, entails simultaneously utilizing numerous nations for particular service types. One client may, for instance, outsource IT services to India, customer support to the Philippines, web development to Brazil, and so on.
international outsourcing plan
The global delivery model (GDM), which is used by global outsourcing service providers, divides up various corporate assets and operations. They then split it up into several regions and geographies. As a result, one supplier may oversee various tasks from many places.
By doing this, the company process may better utilize its strengths, like customer service. Each team may concentrate on the element that has been given to them. For instance, when calls are routed to another team, the team tasked with handling live conversations is not required to answer them.
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Azaan is trying to work on a new partnership with international suppliers but receives notification that his company is restricted from doing business in a particular country. Azaan’s company might be experiencing what type of sanction?
The sanction imposed on Azaan's company is an administrative sanction.
Sanction is a punishment or coercive action given because the person concerned fails to comply with a law, rule, or order, as defined by Black's Law Dictionary Seventh Edition as follows:
"A penalty or coercive measure that results from failure to comply with a law, rule, or order (a sanction for discovery abuse)"
Administrative sanctions can be interpreted as sanctions imposed on administrative violations or provisions of laws that are administrative in nature. Administrative sanctions can be in the form of fines, written warnings, revocation of certain permits, and others.
For example, administrative sanctions are
Written warning.Temporary suspension of activities.Location closure.Revocation of business license.Cancellation of business license; and/orAdministrative fine.You can learn more about administrative sanctions here brainly.com/question/2474289
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marble co. prepared its statement of cash flows using the following amounts net decrease in fixed assets $(3,750) depreciation expense 13,000 gain on sale of equipment, (net book value, $3,250) 1,250 capital expenditures 12,500 marble reported net income of $20,000 at year end. what amount should marble report as net cash provided by operating activities?
Choice "C" is correct. The company adjusts the net income of $280 000 by adding cack the deprecianon expense of $13.000
What is Net cash flow ?Net cash flow is the gain or loss in money over a time period (after all debts have been paid). A company is said to have positive cash flow if, after paying all of its operating expenses, it still has excess funds.
By include the depreciation charge of $13,000, the corporation raises its net income from $280,000 to $290,000. The non-recurring expense of depreciation lowers net income. The corporation additionally modifies net income by deducting the $1,750 gain. Gains raise net income. This expense is taken out of the operating activities section by deducting it from the cash introduction from the sale of equipment, which is reported in the cash flows from investment activities.Learn more about Net cash flow ?
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Suppose there are six bait and tackle shops that sell worms in a lakeside resort town in minnesota. If we add the respective quantities that each shop would produce and sell at each of the six bait and tackle shops when the price of worms is $2 per bucket, $2. 50 per bucket, and $3 per bucket, and so forth, we have found the?.
Market supply curve is to be found here.
What is Market supply curve?
The link between economic emissions and the average marginal cost of creating this output is measured by the market supply curve. One justification for sketching necessary . additionally with P on the axis is the interpretation of the business supply curve as a marginal pricing curve.
Therefore,
Suppose there are six bait and tackle shops that sell worms in a lakeside resort town in minnesota. If we add the respective quantities that each shop would produce and sell at each of the six bait and tackle shops when the price of worms is $2 per bucket, $2. 50 per bucket, and $3 per bucket, and so forth, we have found the?.
Market supply curve is to be found here.
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All other items not considered realty, including intangibles and movable things, are considered as?
Answer:
The movable things are considered as reality because they have fealings
Explanation:
The things which have a heart which have fealings in there heart are considered as reality
An approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked process, and in every case, there is at least one process step that limits throughput for the entire chain is the formal definition of?.
The formal definition of Theory of Constraints is a method of visualizing and managing capacity that acknowledges that almost all goods and services are produced through a series of connected processes, and in every case, there is at least one process step that limits throughput for the entire chain.
What is visualizing?
Any approach for producing visuals, graphs, or animations to convey a message is known as visualization or visualisation (see spelling variations). Since the start of humanity, visualization through visual images has been a successful means of expressing both abstract and concrete ideas. Cave paintings, Egyptian hieroglyphs, Greek mathematics, and Leonardo da Vinci's ground-breaking techniques for technical drawing for engineering and science are a few historical examples.
The Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint.
According to the notion of constraints, any controllable system is constrained in attaining more of its objectives by a relatively small number of limitations.To learn more about visualizing, Click the links.
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Defining the size and growth rate of a market is part of which activity in creating a marketing place
Situation analysis, which is used to create a marketing environment, includes defining the market's size and growth rate.
Situation analysis, also known as situational analysis, is a group of techniques used by managers to examine both the internal and external environments of an organization in order to comprehend its capabilities, target audiences, and competitive landscape. The 5C analysis, SWOT analysis, and Porter's five forces analysis are just a few of the analysis techniques that can be used in a situation analysis. The scenario analysis examines both the macroenvironmental elements that have an impact on a variety of businesses and the microenvironmental ones that have an impact on a single company. A corporation will receive information about the organizational and product position through the situation analysis.
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which component of leavitt's diamond defines roles, responsibilities, and lines of authority among members of the organization, which must be understood and accepted for the organization to operate successfully?
The shape thing of Leavitt's Diamond includes not only the hierarchical structure, but additionally the relationships, verbal exchange patterns and coordination between extraordinary administration levels, departments and employees.
This would additionally encompass how authority and duty waft inside the organization.
What is Leavitt's diamond model?In early 1960s an American Professor Harlod J. Leavitt a mannequin which explains organizational change. This model revolves round 4 elements of organizational change and these elements are: structure, task, technology and people. These four factors are interconnected and interdependent.
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https://brainly.com/question/14782702#SPJ4The process by which businesses sell to consumers is known as ______ marketing.
The process by which businesses sell to consumers is known as business to customer marketing.
Business to customer marketing refers to the process when business directly sell to its consumers who are end users of the product.
The companies who sells directly to the consumers are known as business to customer companies.
This may be possible through internet, pay per movie movie, mall shopping, eating at the restaurants. Under this type of marketing no middleman is involved which risks the profit of the small retailers.
Examples for B2C companies are shopify , amazon, netflix .
It has wider access to the market as people can buy anytime and from anywhere through the internet. This phenomena is very popular these a days.
It is also not time consuming process due to no middleman involved.
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When a company pays cash to purchase land, the total amount of assets and liabilities ______.
The company's overall assets are unaffected while purchasing land with cash.
What happens when a business buys equipment in cash?
The same. Because the payment of cash to acquire equipment will create a fall in assets, and the acquisition of the equipment will cause a rise in assets, the Accounting Equation will not be affected.
When does a business receive payment from a receivable account?
Customers' debt to you for credit you extended to them on prior purchases is recorded in an asset account called accounts receivable. Your cash account increases by the amount of the collection and the accounts receivable account falls by the same amount when the business gets cash from an accounts receivable.
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A W-2 form is provided by a/an
to its employees to help them file their annual taxes.
Answer: Employer.
Explanation: The bosses give their employees the W-2 form
What is a good starting point for determining which accounts require adjustment?.
Unadjusted trial balance is a good starting point for determining which accounts require adjustment.
What do you understand by Unadjusted trial balance?
An unadjusted trial balance is a list of all accounts found in the general ledger.It is prepared at the end of a period (eg month, quarter, year) before any adjusting entries are made.It is usually used as a starting point for analyzing account balances.As the name suggests, account balances must balance, meaning that the total debit and credit balances are equal.Since the unadjusted balance sheet is prepared before any adjusting entries are made, it is not a suitable reference for the preparation of financial statements.To learn more about Unadjusted trial balance, refer to:
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