Project sponsorship is a strategy used online to enlist the public's financial or sponsorship support for a side project or for-profit endeavor.
A project sponsor is a person or organization that controls the project and gives funding and other resources to the project, program, or portfolio to ensure its success. Every undertaking has a minimum of one project sponsor.
Project sponsors are often managers or executives who are in charge of overseeing the whole project. He or she represents the organization and is mainly focused on making sure that the project sponsorship delivers the agreed-upon business advantages. In doing so, they exercise significant leadership in a range of fields.
Project sponsorship is often responsible for initiating, ensuring, approving, and establishing a significant group of project-related responsibilities that fall under the umbrellas of vision, governance, and value/benefit realization. Remember that the majority of the objects may fall under more than one category, and that the categories are not exclusive.
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As the manager of an office supply store, raven seems to be constantly confronted with problems. She tries very hard to create alternative solutions and then evaluate them. Often, raven implements the selected solution, but then another problem arises. She begins to express her frustrations by accusing employees of not fully executing the solution as described in her plan. What style of decision making does raven use?.
If she begins to express her frustrations by accusing employees of not fully executing the solution as described in her plan. The style of decision making raven use is: Rational.
What is rational decision making?Rational decision making can be defined as the way an individual detect or identify problems they want to solve by evaluating and analyzing the problems and then choose the best solution among the different alternatives they have so as to solve the problem.
Based on the scenario the manager is making use of rational decision making process which is why she created an alternative solutions and then evaluate them so as to find solution the to the problems.
Therefore If often, raven implements the selected solution, but then another problem arises. She begins to express her frustrations by accusing employees of not fully executing the solution as described in her plan. The style of decision making raven use is: Rational.
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if tactics don't matter and a game is all about pure physical skill, it can become rather boring. the tactical dynamic, especially between players, can lead to unexpected outcomes as a result of player innovation. furthermore, giving players an opportunity to contribute to creating solutions to problems that are tactical in net/wall games can contribute to enhancing player engagement.
The principles offer a framework of tactical solutions that range in complexity from simple to complex (i.e., tactical complexity), and they foster understanding of these solutions by encouraging the development of games that exaggerate their significance and applicability in game environments.
What is tactical dynamic?The basic ideas that guide how a team can use space are known as tactical dynamics.
Space, or the regions on and above the football field, is central to tactical theory in football. Dimensions of space include aerial space, horizontal space (between the two touchlines), and vertical space (between the two goal-lines) (above the pitch).
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In business communication it is best to use words that are:_____. multiple select question.
a. obscure.
b. short and familiar.
c. conversational.
d. long and impressive.
In business communication it is best to use words that are:
Short and familiar.Conversational. Options B and CThis is further explained below.
What is business communication?Generally, The practice of exchanging information amongst personnel both within and outside of a firm is referred to as "business communication."
It is very important for a company's success in the outside business world how its employees interact with one another and carry out their jobs.
In conclusion, When communicating in a professional setting, it is preferable to utilize terms that are:
Short and familiar.Conversational. Options B and CRead more about business communication
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When ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her ________ set.
When ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her evoked set.
What is Evoked set?
The brands that come to a consumer's mind when a need for a good or service occurs are known as the "evoked set." Based on how consumers view these brands and their brand equity with consumers, they are regarded as acceptable. Both previously purchased brands and brands that the consumer has never used can be part of the evoked set. Brands that are associated with a consumer's evoked set have the chance to win them over as a new or returning customer. Brands must achieve this position in the minds of their intended market in order to market their good or service. Cereals, shoes, autos, candy, chips, pharmaceuticals, and cereal boxes are among typical locations where evoked sets are found.
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frequently, clients have multiple needs and are utilizing resources from more than one agency or organization. in these situations, the responsibility of the worker is to
Frequently, clients have multiple needs and are utilizing resources from more than one agency or organization. In these situations, the responsibility of the worker is to do case management.
The practice of case management is a professional and collaborative process of evaluating, planning, implementing, coordinating, monitoring and evaluating the options and services needed to meet an individual's medical needs.
What are case management skills?
The Case Manager acts as a bridge between physicians and patients, and her skills revolve around her ability to both communicate and execute her plan of patient care. Case managers use skills such as critical thinking and empathy to empower patients and make them feel comfortable.
What is an example of case management?
A service request is made by a customer or employee to work on or repair some type of equipment. These requirements pose several challenges for organizations. For example, tracking requests, handling too many requests at once, and inefficiencies caused by tackling recurring problems.
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Isabella is thinking about buying a one-bedroom residence in a cooperative. a residence in a cooperative, unlike a condominium, is considered ______.
Isabella is thinking about buying a one-bedroom residence in a cooperative. a residence in a cooperative, unlike a condominium, is considered as personal property.
What is cooperative?Housing cooperatives are a type of company in which the owners do not have complete ownership of their apartments. Depending on the relative size of their living unit, each resident is an owner of the corporation.
A condominium is a group of homes or residences with individual owners of each of the individual units.
In this case, Isabella is considering purchasing a one-bedroom apartment in a cooperative which is considered her personal property.
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If workers in china and india become as productive as u. S. Workers, what adjustments will allow the united states to regain its competitiveness?.
If workers in China and India become as productive as U.S. workers, the arrangements will be made to regain its competitiveness
What adjustments will allow the united states to regain its competitiveness?
It is possible that there will be developments in manufacturing/services that will allow US wages to remain high, but in all likelihood either US nominal wages will rise slowly and foreign nominal wages will rise quickly to catch up, or US exchange rates will fall. balance wages. Some combination of the two is most likely.
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Your company has developed an organic molecule with commercial potential and you know how to produce it in the lab. You want to increase production and make as much of the molecule as possible, but the reaction has a positive δg°. What can you do to try to drive the reaction toward your desired product?.
You can continually remove products increase the concentration of reactant to try to drive the reaction toward your desired product.
A system that is already in equilibrium is thrown out of equilibrium by the addition of an additional quantity of one of the reactor or one of the products. Then, in order to return the situation to equilibrium, either the forward or the reverse primer will take place. Le Chatelier's concept makes it simple to determine which of these two outcomes will occur. The system will adjust to counteract the increase in concentration of this component if we increase the amount of one of the products. To some extent, the opposite reaction will take place so that part of the extra product can be digested. On the other hand, the system will adjust by enabling the forward reaction to happen if one of the reactants is added.
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jorey completed his mission statement for his marketing plan and has written down company goals; now he is focusing on his business’s blank, or how he will be able to attain these goals in specific, measurable ways.
Corey completed his mission statement for his marketing plan and has written down company goals; now he is focusing on his business’s Objectives blank, or how he will be able to attain these goals in specific, measurable ways.
A marketing plan identifies your target audience, the most effective channels to engage with them, and analytical insights to guide future strategy. Businesses need comprehensive marketing plans to coordinate campaigns and properly measure their impact.
Your marketing plan can be part of your overall business plan. A solid marketing strategy is the foundation of a well-crafted marketing plan that helps you reach your goals. Marketing plans contain a list of actions, but they are of little use to businesses without a solid strategic foundation.
A marketing plan describes the strategy a company uses to sell its products to its customers. This plan identifies your target market, your brand or product value proposition, the campaigns to launch, and the metrics you will use to assess the effectiveness of your marketing initiatives.
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When an organization buys raw materials that are reprocessed and sold as finished goods, or if it buys a good it will then sell, then it is considered to be?.
Answer:
Explanation:
Three types of organizational buying situations: new buy, straight rebuy, or modified rebuy
mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of birmingham bonds. if mitch earned an additional $80,000, what would his 2022 marginal tax rate be on the $80,000 (rounded)?
mitch, a single taxpayer , earns $100,000 in taxable income and $10,000 in interest from an investment in city of birmingham bonds. if mitch earned an additional $80,000 ,18,289.50 would his 2022 marginal tax rate be on the $80,000
On a $10000 income, how much tax do you pay?Income between $1 and $10,000 is taxed at a 10% rate, income between $10,000 and $20,000 is taxed at a 20% rate, and all income over $20,000 is taxed at a 30% rate. Under this arrangement, someone making $10,000 is subject to a 10% tax rate and a $1,000 total payment. A $5,000 earner pays $500, and so forth.
When the tax rate is lower for people in higher income groups, it is said to be regressive. In other words, lower-income families pay a bigger share of their income in taxes than do higher-income households. For instance, a shop employee earning $20,000 may pay taxes at a rate of 40%.
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according to michael porter in his book, competitive advantage, a key concept used in analyzing the competitive position of a firm is creating value for group of answer choices suppliers that exceeds the costs of production (i.e., margin). employees that exceeds the costs of production (i.e., margin). government that exceeds the costs of production (i.e., margin). buyers that exceeds the costs of production (i.e., margin).
Creating value for customers, according to Michael Porter in his book Competitive Advantage, is a crucial notion utilized in examining a firm's competitive position for buyers that exceeds the costs of production (i.e., margin).
Porter's Five Forces Analysis by Michael Porter Porter's Five Forces - book cover The five forces model developed by Michael Porter is used to investigate the environment in which a firm or product functions.
The threat of entrance, the power of buyers, the strength of suppliers, the threat of replacements, and competitive rivalry are the five primary topics that the five forces analysis focuses on.
In his 1980 book "Competitive Strategy: Techniques for Analyzing Industries and Competitors," Michael E. Porter established the paradigm of the Five Competitive Forces. Since then, the "five forces tool" has developed into a critical instrument for assessing the industrial structure of a business throughout strategic processes.
A business strategy should address the opportunities and dangers in the organization's external environment, according to Porter's model. Particularly, competitive strategy must to be founded on knowledge of industry structures and how they evolve.
Porter has identified five market and industry-specific competitive factors. These factors control the level of competition, which in turn affects an industry's profitability and allure. Modifying these competitive advantages should be the goal of company strategy. forces in a way that strengthens the organization's position. The Porters model aids in the examination of an industry's driving factors. Management may choose how to exploit or influence specific aspects of their industry scan based on the data from the Five Forces Analysis.
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you run a company that supplies bed sheets to on campus housing for universities in the bay area. an important client needs 1250 sets of sheets. you can procure sheets from several suppliers. the characteristics of the suppliers are as follows:
A supplier is a person, company, or organization that sells or supplies something such as goods or equipment to customers.
Cost per set of | Delivery time in days | Set Available
sheets in dollars
Supplier A 3.25 7 250
Supplier B 2.50 8 550)
‘Supplier C 6.25 14 650
Supplier D 4.50 3 250
Supplier E 5.00 7 200
A client requires 1500 sets of sheets.
The objective is to formulate a linear optimization model for the procurement of sheets at the
the lowest cost for the given conditions.
Consider the number of sheets to be procured from suppliers A, B, C, D, and E are A, B, C,
D, and E respectively.
For each of the conditions, the respective expressions are as follows:
(a) The important client requires that at least 500 of the 1500 sets of sheets be delivered in
next 7 days,
For the delivery to be made in the next 7 days, the sets of sheets must be procured from the supplier
A, D, and E.
This implies 4+D+ > 500
(b) In order to maintain good relations with supplier C, you must order at least 120 sets of
sheets from them.
At least 120 sets of sheets must be from supplier C
Thus, the respective expression is C >120.
(c) The order from supplier D must have at least as many sets of sheets from supplier B.
This implies that D> B
(4) Each supplier has a limited number of sets of sheets as per last column of the table.
The respective expressions are
054 250,05 B <550,120<C <650,0 < D< 250.05 E <200.
The total sets of sheets required is 1500.
Therefore, 4+B+C+D+E=1500
The second column of the table gives the cost per set of sheets for each supplier.
Thus, the total cost of the 1500 sets of sheets is represented by a function,
C(x)=3.254+2.50B+6.25C+4.50D +5E
Hence, the required formulation of the optimization problem is as follows:
Minimize the cost function C (x) =3.254+2.50B+6.25C +4.50D+5E
Subjected to constraints
A+B+C+D+E=1500.
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an investment firm invested in two companies last year. they invested 11000 in company a and made a profit of 24% . they invested 14000 in company b and made a profit of 15% .
The investment firm's total profit is $4,740.
In company A, Total amount invested = $11,000 and profit =24%.
In company B,Total amount invested= $14,000 and profit = 15%.
Calculation of the firm's total profit :In Company A profit = 24% of $11,000
= 0.24 × 11,000
= $2,640
In Company B profit = 15% of $14,000
= 0.15 × 14,000
= $2,100
Total profit = $2,640 + $2,100
= $4,740
Hence, the investment firm's total profit is $4,740.
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International businesses frequently have to address ethical issues that develop because.
International businesses frequently have to address ethical issues that develop because countries have different business laws, practices and regulations.
What are ethical issues?
Ethical issues can be described as the term that is been used in an organization to refer to a situation whereby a particular decision, scenario or activity in that organization or the particular society brings about the conflict with a society's or the organization moral principles.
It should be noted that the individuals as well as the businesses can found themselves in these conflicts, this is because some of the activities could spring up some kind of question from an ethical standpoint.
We can conclude that International businesses frequently have to address ethical issues that develop because countries have different business laws, practices and regulations.
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Klondike inc. sold goods to customers for $5,000 cash. the cost of the goods was $3,000. the journal entries to record this transaction include (select all that apply.)
Answer: credit to sales $5,000.
Which accounts are closed to retained earnings at the end of an accounting period?
Explanation: Temporary accounts include revenue, expenses, and dividends, and these accounts must be closed at the end of the accounting year.
Income statements include revenue, costs of goods sold, and operating expenses, along with the resulting net income or loss for that period.
the production department incurs costs of $250,000 while working 12,500 direct labor hours. if job 421 requires 25 direct labor hours to assemble, the amount of overhead allocated to the job will be $
Predetermined overhead rate = total overhead, total activity
Total overhead=250000
Total activity = direct labour = 12500
Overhead rate = 250000/12500 = 20 per hour
Job 421 requires 25 direct labor hours to complete, so the amount of overhead allocated to job 421 will be = predetermined overhead rate*number of hours required for the job
25*20 = 500
Overhead allocated to job 421 = 500.
Contractors can use set rates to estimate overhead for each job. For example, job overhead can be calculated to be typically x% of sales or y% of direct labor costs. To allocate overhead, add this amount to the total job cost. Overhead allocation is the allocation of overhead costs to the goods produced. This is required by the rules of various accounting frameworks. In many businesses, the overhead costs assigned are significantly higher than the direct cost of goods.
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Continue to record transactions for Celeste Consulting Services using the accounts shown in the following accounting equation. Use the form to record the following transactions. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. Calculate new balances for all accounts after each transaction. You must enter an amount for each cell in a New Bal. row, including amounts for zero (0) balances.
The new balance for cash equals $8700 while the owner's equity equals $16000.
What is an accounting equation?It states that a firm total assets are equal to the sum of its liabilities and its shareholders' equity. It should be noted that the beginning balance was the cash of $10000 that was received from the owner as an investment.
The assets include the addition of the cash, accounts receivable from Ashley computers, supplies, and prepaid insurance.The liabilities include the account payable to Conrad supplies. The owner's equity is the capital of Courtney Celeste.In conclusion, the new balance for cash equals $8700 while the owner's equity equals $16000.
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Nikia wants to apply for student aid to fund her college education arrange the steps involved in Nokias application
The steps involved in Nikita's application for financial help for college education are
Nikita creates an FSA IDNikita fills out the FAFSA online.Colleges ask Nikita to verify the information in the FAFSA.Nikita rechecks the information she provided and makes a few corrections. In about two weeks, Nikita receives a document called Student Aid Report (SAR). Nikita receives financial aid award letters from various colleges.What is A student?A student is referred as an individual who studies in school or college. In the given case Nikita is a student who studies in college and looking for financial help to pursue her studies.
At the initial level, it is important to create an Id to make all the documentation from there and fills out an online form. After form, submission, verification will be done and an opportunity for corrections will be provided.
After fulfilling all the procedures, she will receive a SAR document and financial support letters from various colleges.
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The complete question is probably
Nikita wants to apply for student aid to fund her college education. Arrange the steps involved in Nikita's application for financial aid. Nikita receives financial aid award letters from various colleges. Nikita rechecks the information she provided and makes a few corrections. Nikita fills out the FAFSA online. Colleges ask Nikita to verify the information in the FAFSA. In about two weeks, Nikita receives a document called Student Aid Report (SAR). Nikita creates an FSA ID. ? ? ? ? ?
In the video case the world of micro-loans, what product was being produced by a loan recipient in lima, peru that legend says represents financial prosperity?.
Bull statue was being produced by a loan recipient in lima, Peru that legend says represents financial prosperity.
The famous sculpture of a charging bull by artist Arturo Di Modica, which is called The Charging Bull, is situated in Bowling Green, close to Wall Street in Downtown Manhattan. The de facto emblem of Wall Street and the Financial District as well as a much-liked tourist destination in New York City is the 7,100 lb. charging bull, a strong metaphor of "bullish" market confidence.
The bravery and determination of Americans in general, and New Yorkers in particular, are symbolized by the charging bull. Arturo Di Modica erected the bull as a countermeasure to the excess, greed, and privilege that contributed to the 1987 Wall Street meltdown in this mixing pot of cultures and experiences.
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What was the economic purpose that prompted the u. S. To enact the chinese exclusion act as a foreign policy?.
Economic goals for the US to pass the Chinese Exclusion Act as foreign policy: Many West Coast Americans blamed Chinese workers for falling wages and the economic downturn. That was only 0.002%, but Congress passed the China Exclusion Act to alleviate workers' demands and concerns about maintaining "racial purity" for whites.
The Chinese Exclusion Act is a United States federal law signed by President Chester A. Arthur on May 6, 1882, prohibiting the immigration of Chinese workers for ten years. The law excluded merchants, teachers, students, travelers, and diplomats.
The Chinese Exclusion Act Purpose: To curb the influx of Chinese immigrants to the United States, particularly in California, the Chinese Exclusion Act of 1882 halted Chinese immigration for 10 years and naturalized Chinese immigrants. Chester A declared ineligible for president
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19.) the management section of the ethics rule states, in part, "an appraiser must a fee or commission, or gave a thing of value in connection with the procurement of an assignment."
By adhering to the highest standards of professional ethics, an appraiser must promote and protect the public trust inherent in appraisal practice.
The three elements of this ETHICS RULE—Conduct, Management, and Confidentiality—apply to all forms of evaluation.
CONDUCT: An appraiser is required to carry out tasks objectively, impartially, and independently, without accommodating personal interests.
MANAGEMENT: The payment of a fee, commission, or gift of something of value in connection with the acquisition of an assignment must be disclosed by the appraiser.
CONFIDENTIALITY: An appraiser is required to uphold the relationship's confidentiality.
When using confidential information and communicating the outcomes of an assignment, an appraiser must behave in the client's best interests.
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Product and service profiling is defined as linking key product or service requirements to process capabilities. True or false
Taylor started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the ceo of the firm, taylor decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which function of management was taylor primarily performing?.
Taylor was performing the 'Organizing' function of management.
Marketing managers are in charge of creating, planning, and carrying out strategic marketing strategies for the entire company (or for individual business units and brands within a company) in order to get more new customer and retain the old one.
The second essential management role, after planning, is organizing. It involves coordinating human activities, allocating resources, and combining the two in a way that aids in the fulfillment of objectives.
In order to maintain efficiency and effectiveness in operations, organizing establishes roles and working relationships, assigns various tasks related to the plans, arranges and distributes resources, designs a framework that separates duties, responsibilities, and authority, and schedules activities.
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The complete question is given below
Taylor started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the ceo of the firm, taylor decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which function of management was taylor primarily performing?.
a. Organizing
b. Controlling
c. Planning
d. Leading
the store where you bought new home furnishings offers you two alternative payment plans. the first plan requires a $4,000 immediate up-front payment. the second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. what nominal annual interest rate is built into the monthly payment plan? (hint: find the periodic interest rate first, i.e. monthly interest rate, then find the nominal interest rate.)
The monthly payment schedule includes a nominal yearly interest rate of 14.4%.
E is equal to P*r* (1 + r)/(1 + r)(n - 1).
where:
E stands for equated monthly installment (EMI).
The Principal is p.
The nominal rate is r.
n represents number of periods.
$137.41 = $4,000*r* (1 + r)36/(1 + r)^36 -1)
Hence, r = 14.4% P.A
Consequently, the monthly payment plan's nominal annual interest rate is 14.4% p.a.
The interest rate prior to accounting for inflation is referred to as the nominal interest rate. The term "nominal" can also apply to the advertised or quoted interest rate on a transaction, which excludes any fees or interest compounding.
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A product’s cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, which is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the abc system. True or false?.
A product’s cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, compute product costs under an activity based costing system is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the ABC system.
What is referred to as costing system?
The costing system is designed to track the costs incurred by the business. The system consists of a set of forms, processes, controls, and reports designed to aggregate and report revenue, costs, and profitability to management. Reportable areas can be any part of the company, including its customers, departments, facilities, processes, products and services, research and development, and sales regions.How to use the calculation system
The information produced by the costing system is used by management for various purposes, including:
Fine-tuning operations to achieve higher profitabilityDeciding where to cut costs in the event of a business downturnComparison of actual costs incurred with budgeted cost levels for control purposesCreating strategic and tactical plans for future operationsTo learn more about costing system, refer to:
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What is another factor that would be good to consider before choosing a career cluster?
A.
whether your friends are thinking about pursuing a career in that cluster
B.
whether your parents will be happy with you choosing that career cluster
C.
whether that career cluster is needed in the local economy
D.
whether that career cluster could elevate your social status
Answer:
D.
whether that career cluster could elevate your social status
Explanation:
hope it helps
Although Cole has excellent verbal communication with customers, his eye-rolling and antagonistic physical stance can sometimes turn them off. What kind of communication does Cole need to work on?
A. Nonverbal communication
B. Humorous communication
C. Spoken communication
D. Conflict communication
Spoken Communication Everybody has a different manner of interacting and exchanging information with others, which is known as their communication style. Communication can be done in four main ways: passively, aggressively, passively-aggressively, and assertively. Understanding each communication style and the motivations behind its use is crucial.
Three primary categories of communication exist: 1) Verbal communication, where you listen to someone to comprehend what they mean; 2) Written communication, where you read what they mean; and 3) Nonverbal communication, where you watch someone and guess what they're trying to say.
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the project manager should use the kickoff meeting to not only share project information but also set the project by establishing clear roles for her team.
Setting team-level expectations the project manager should use the kickoff meeting to not only share project information but also set the project by establishing clear roles for her team.
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation and created at the beginning of the development process. The primary constraints are scope, time, and budget.
Project managers (PMs) are responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.A project manager is a professional in the field of project management. The project manager is responsible for planning, procuring, and executing the project in any endeavor that has a defined scope, a defined beginning, and a defined end. irrespective of industry.
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pepe pieman believes that pizza is a much more versatile meal than most people realize. as the national marketing manager for pizza pals, he has watched how consumers ate up barbecue pizza, hawaiian pizza, mexican pizza, and other new and unique combinations. his superiors, however, met his suggestions for other unusual pizzas with a negative response. even some of his teammates laughed at his ideas. pepe's confidence in his ability to understand the market has led him to focus on planning a business of his own. pepe realizes that he will take a risk when he leaves his job with pizza pals and sets off on a new endeavor: pepe's pizzazzeria. pepe is excited about the potential of profitably catering to the unmet desires of pizza consumers. pepe is confident that pepe's pizzazzeria will be a success, but only if he has enough money to do things right. since pepe has very little personal wealth, he knows he must find financial assistance. in order prepare for meetings with bankers and potential investors, pepe should
Restaurants are easy to start up but difficult to keep going.
Limited Liability. A company is an independent legal entity and shareholders are only liable to the extent of their property. This limited liability feature gives corporations an advantage over sole proprietorships and partnerships that do not enjoy such protection. The advantage of partnerships is that there is a simple process for partners to exit the business.
The advantage of a partnership over a sole proprietorship is the potential to raise more capital. A major drawback of the corporate form is the double taxation of shareholders on distributed profits and dividends. Some of the advantages include limited liability easy transferability the ability to raise funds, and unlimited life.
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