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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In assessing the competition, the idea is to benchmark the new venture against a competitor.
a. true
b. false
The given statement of assessing the competition is false.
Assessing the competition
The purpose of a competition assessing is to understand your competitors' strengths and shortcomings in comparison to your own, as well as to identify a market gap. A competition assessing is vital since it will assist you in determining how to improve your own business strategy. It will inform you how to outperform your competitors in these areas in order to maintain your customers' interest. As a result, you will have a competitive advantage over others in your industry.
A competitive assessing should tell the entrepreneur on how competitors promote their products and services, as well as opportunities to enter the market by filling product or service gaps in areas that your competitors do not offer or do not serve adequately.
Hence, the given sentence is false.
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One benefit of strategic planning is that it enables the most effective use of the organization's resources by _____.
One benefit of strategic planning is that it enables the most effective use of the organization's resources by focusing them on agreed-on key priorities.
This is further explained below.
What is strategic planning?Generally, Strategic planning is a process by which the leaders of an organization outline their vision for the future of their business and determine the aims and objectives of their organization.
In conclusion,The process involves determining the order in which those objectives should be accomplished in order for the company to fulfill the vision it has articulated for itself.
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Adjustments ensure that liabilities are reported as all amounts ______ at the end of the accounting period.
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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Hercules inc. manufactures elliptical exercise machines and treadmills. the products are produced in its fabrication and assembly production departments. in addition to production activities, several other activities are required to produce the two products. these activities and their associated activity rates are as follows: activity activity rate
fabrication $30 per machine hour
assembly $14 per direct labor hour
setup $53 per setup
inspecting $26 per inspection
production scheduling $15 per production order
purchasing $12 per purchase order
the activity-base usage quantities and units produced for each product were as follows:
activity base elliptical machines treadmill
machine hours 1,666 983
direct labor hours 479 187
setups 51 16
inspections 736 442
production orders 63 13
purchase orders 170 104
units produced 271 182
use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product.
First, we need to allocate costs using the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Elliptical Machines:
Rate Fabrication= 30*1666= 49,980
Assembly= 14*479= 6,706
Setup= 53*51= 2,703
Inspecting= 26*736= 19,136
Production scheduling= 15*63= 945
Purchasing= 12*170= 2,040
Total allocated costs= $81,510
Treadmill:
Rate Fabrication= 30*983= 29,490
Assembly= 14*187 = 2,618
Setup= 53*16 = 848
Inspecting= 26*442 = 11,492
Production scheduling= 15*13 = 195
Purchasing= 12*104 = 1,248
Total allocated costs= $45,891
Finally, the unitary costs:
Elliptical Machines= 81,510 / 271 = $300.77
Treadmill= 45,891 / 182= $252.15
Unit cost is the total expense incurred by a business to produce, store, and sell one unit of a particular product or service. Unit cost is equivalent to cost of goods sold (COGS). This accounting variable includes all fixed and variable costs associated with producing goods or services.
What is the unit cost formula?
Use the unit cost formula to determine the unit cost. The formula for unit cost is cost per unit = variable cost + fixed cost / total number of units produced.
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mobile company uses activity-based costing. one of their products, a phone, requires 20 setup activities at $50 per setup and 15 design changes at $1,000 per design. if mobile company produces 2,000 phones, what is the total overhead cost per unit?
Total overhead cost per unit is $8
20 x $50 = 1,000
15 x 1,000 = 15,000
1,000 + 15,000 = 16,000
16,000/ 2,000 = $8
In the world of business, a continuing cost of running a company is referred to as overhead or overhead charge. Unlike operating expenditures like raw material and labor, overheads cannot easily be linked to or recognized with any one revenue unit. As a result, overheads cannot be clearly linked to the goods or services being provided, which means they do not produce profits. Nevertheless, expenses are nevertheless essential to business operations since they give the company the necessary backing to engage in profitable activities. For instance, overhead expenses like the rent for a factory enable employees to produce goods that may later be sold for a profit. These costs are incurred for production generally rather than a specific work order;
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Suppose that the board of directors pays the ceo a bonus in any year that the share price goes up compared to the previous year, but no bonus if the share price either falls or stays the same. What would this particular type of compensation scheme be designed to control?.
By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.
What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership relationship between the company and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The total face value of issued shares constitutes a company's capital.
This kind of agency cost plan aims to boost shareholders' wealth. The focus of agency theory is on choosing the best course of action when there is a conflict of interest, particularly when designing a managerial compensation plan that maximizes shareholder wealth. By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.
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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.
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 Theory of Constraints (TOC).
The Theory of Constraints is an approach for determining the most significant constraint (i.e., limiting factor) that prevents the achievement of a goal and then gradually removing that restriction from the equation. The obstruction is commonly referred to as a bottleneck in the industrial industry.
Improvement is approached scientifically using the Theory of Constraints. Every complex system, including manufacturing processes, is said to be made up of a number of interconnected activities, one of which imposes constraints on the rest of the system (the constraint activity is referred to as the "weakest link in the chain").
The central tenet of the Theory of Constraints is that every process has a single constraint, and that increasing the constraint is the only way to increase the throughput of the whole process. This has a very important corollary: only changes to the constraint will advance the objective; wasting time optimizing non-constraints will not provide meaningful advantages (achieving more profit).
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What is the primary difference between fraud and errors in financial statement reporting?
The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.
What is financial statement?
Financial statements are official records of a company, business, and other such entity's financial situation and actions. An convenient format is used to provide pertinent financial data in a systematic manner.
Therefore,
What is the primary difference between fraud and errors in financial statement reporting?
The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.
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a market-oriented company .a. sees marketing as a company-wide activityb. uses mainly promotional activities and a professional sales force to market its productsc. outsources all promotional and marketing efforts to an adver
market-oriented company a. sees marketing as a company-wide activity.
What is a marketing-oriented company?
A marketing-oriented company is a business that finds out what its customers want and then makes products to meet the demands of those specific customers.
A marketing-oriented company could be a business that's focused on effectively finding out what its clients need and after that making items planned for those clients.
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Perhaps the most universally useful strategy in capturing your reader's attention is to?
Perhaps the most universally useful strategy in capturing your reader's attention is to state how your writing can meet the reader's needs.
What is the way a message travels between source and receiver?
“ The channel is a procedure in which a message or messages travel between sender and receiver.”. Spoken channels consists of face-to-face conversations, speeches, phone conversations and voicemail messages, radio, public address systems,
How is communication being processed?The communication process follows five steps: idea formation, encoding, channel selection, decoding and feedback. Anything that barrier with clear communication is known as noise. Noise can form barrier with each procedure of the communication process.
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stone investments provides financial services related to investment selections, retirement planning, and general insurance needs. at the end of the year on december 31, 2024, the company reports the following amounts: advertising expense $31,800 service revenue $119,100 buildings 133,000 interest expense 1,800 salaries expense 63,400 utilities expense 13,800 accounts payable 4,700 equipment 18,500 cash 3,800 notes payable 21,500 chegg
Statement of Income for GATOR Investments For the fiscal year ended December 31, 2012, revenues: $118,600 in service revenue Expenses: $31,700 was spent on advertising $63,300 is spent on salaries.
What is Investment?An asset or object purchased with the intention of generating income or appreciation is referred to as an investment.The term "appreciation" describes a rise in an asset's worth over time.When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.An investment always entails the expenditure of some capital today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested.A financial asset, for instance, may be bought by an investor now with the hope that it would provide income later on or be sold for more money.To know more about Investment, refer to the following link:
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5. an uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $36,000 per year for 30 years, beginning a year from today. the going rate on such annuities is 6.5%. how much would it cost him to buy such an annuity today? (hint: this is an ordinary annuity or annuity due?)
An annuity creates a constant stream of payments over a period of time that secures the future financial needs of the investor. Annuities are one of his safe investment options for retirement.
Solution:
PMT = 30,000
N = 30
I = 6.5%
The price of an annuity is the present value of all future constant payments with a discounted rate of 6.5% annually compounded.
Annuity price = 30000*1(1+6.5%)-30/6.5%
Annuityprice = 31488.46
Payments are calculated so that their cash value equals the lump sum amount of cash used to purchase the annuity. For example, if you buy a particular annuity with a lump sum of $100,000 over a period of 20 years, the insurance company can pay you $493.48 per month, and the discount rate he assumes is 1.75%. If an investor makes a large deposit, he can receive the payment today or one year later, depending on the type of annuity.
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a company is in its first month of operations. on january 1, the company pays 3 months of rent in advance for $2,100. what adjusting entry would be made at the end of january? post the adjusting entry for the scenario provided.
Rent Expenses for 1 month will be ($2,100/ 3 Months) * 1 month = $700
calculate the adjusting entry for the scenario provided.Adjusting entry for the prepaid rent on January 31:
Jan. 31 Rent expense $700
Prepaid rent $700
( To record rent expense for January )
Rent Expenses for 1 month will be ($2,100/ 3 Months) * 1 month = $700
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Given the following: beginning stockholders' equity $58,000 ending stockholders' equity $30,000 stockholder dividends $25,000 calculate net income or net loss. $fill in the blank 2
In a condition where the beginning stockholders' equity is $58,000 ending stockholders' equity is $30,000, and the stockholder dividends is $25,000, then the net loss out of this transaction will be $3000. Therefore, the option A holds true.
What is the significance of net loss?Net loss can be referred to or considered as the losses incurred by a firm over the revenues generated less the expenses made to incur the amount of such revenues during a given financial period.
From the given information,
Net Loss = Revenues – Expenses
Net Loss = (30000-58000) – 25000
Net Loss = $3,000
Therefore, the option A holds true and states regarding the significance of net loss.
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The incomplete question has been added below for better reference.
Given the following:
Beginning stockholders' equity$58,000Ending stockholders' equity$30,000Stockholder dividends$25,000
Calculate net income or net loss.
net loss 3,000
Net profit 3000
Net loss 5000
Net profit 2000
in 2009, there were 12500 students at college a, with a projected enrollment increase of 1100 students per year. in the same year, there were 28700 students at college b, with a projected enrollment decline of 700 students per year.
Both the colleges will have the same enrollment of 22400 in the year 2018
Student in college a in 2009 = 12500
Increase in enrollment per year in college a = 1100
Students in college b in 2009 = 28700
Decrease in enrollment per year in college b = 700
Let n be the number of years it takes for the enrollment to be the same
Forming equations:
Enrollment at college a = 12500 + 1100(n-2009)------(1)
Enrollment at college b = 28700 - 700(n-2009)-------(2)
Equating (1) and (2) we get
12500 + 1100(n-2009) = 28700 - 700(n-2009)
1100(n-2009) + 700(n-2009) = 28700-12500
1800(n-2009) = 16200
n-2009 = 9
n = 2018
So, In the year 2018 both the colleges, will have the same enrollment
No. of students enrolled will be 12500 + 1100*9 = 22400
= 28700 - 700*9 = 22400
Although a part of your question is missing, you might be referring to this full question: In 2009, there were 12500 students at college a, with a projected enrollment increase of 1100 students per year. In the same year, there were 28700 students at college b, with a projected enrollment decline of 700 students per year. According to these projections, when will the colleges have the same enrollment? What will be the enrollment in each college at that time?
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chapter 3: financial planning approaches: analysis and recommendations - 9.discuss the average savings rate for retirement funding and the average retirement withdrawal rate
Saving at least 15% of your annual income is an appropriate way of savings for retirement funding. According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.
What is the average savings rate for retirement funding and the average retirement withdrawal rate?Retirement planning includes multiple steps that evolves with time.
The process involves determining different time horizons to estimate expenses, risk tolerance assessment, calculations of after tax returns and estate planning.
To take the advantage of compounding power, one has to start retirement plans.
Saving at least 15% of your annual income is an appropriate way of savings for retirement funding.
According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.
The withdrawal rates reflects the percentage that can be derived from the portfolio every year without any depletion. In a nutshell it gives an estimation of how long the money will last.
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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.
What advice would you give a firm about how to respond to the changing marketing environment?.
D. Whenever possible, take a proactive approach to the environment is the advice I you give a firm.
What is marketing environment?An organization's marketing efforts are influenced by both internal and external influences, which together make up the marketing environment.
To continue to succeed and address any dangers or opportunities that can affect their work, marketing managers must be aware of the marketing environment.
The company's office culture is the best illustration of an internal marketing environment.
The values, attitudes, and behaviors of your staff make up your workplace culture. How your organization's employees act is influenced by each of these elements.
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D. Whenever possible, take a proactive approach to the environment is the advice I you give a firm.
What is marketing environment?An organization's marketing efforts are influenced by both internal and external influences, which together make up the marketing environment.
To continue to succeed and address any dangers or opportunities that can affect their work, marketing managers must be aware of the marketing environment.
The company's office culture is the best illustration of an internal marketing environment.
The values, attitudes, and behaviors of your staff make up your workplace culture. How your organization's employees act is influenced by each of these elements.
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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.
The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:
a) Depreciation Expense for the year is tk. 7,000.
b) Equipment Purchase for the year is tk. 25,000.
How is the depreciation Expense determined?The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.
The above holds when there is no disposal. However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.
Data and Calculations:December 31, 2020 December 31, 2019
Equipment tk. 50,000 tk. 35,000
Accumulated Depreciation tk. 12,000 tk. 8,000
Sale of equipment during 2020 = tk. 5,000
Accumulated Depreciation of sold equipment = tk. 3,000
Loss from the sale of the equipment = tk. 2,000
Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)
Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)
Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)
Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.
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inroads enterprises has been working with advertising innovators to review competition in various market segments, noting demand trends. they have recognized that their view of the marketplace as one large homogeneous group of customers is limiting their growth. advertising innovators recommends that inroads expand their by tailoring their marketing to meet the needs and demand trends of different market segments.
By customizing their marketing to fit the demands and demand patterns of various market segments, Advertising Innovators advises Inroads to increase their marketing channels.
How do marketing channels work?
A company's products and services travel through a marketing channel from the point of production to the final consumer. It is produced by a network of connections between middlemen, or intermediates, who market the good or service on the business's behalf.
A variety of people, organizations, and activities make up the marketing channel, which enables the business to sell its goods or services. Retailers, agents, wholesalers, brokers, transportation firms, and other parties frequently make up this combination. Depending on the channel's structure, marketing channels can be divided into direct and indirect channels.
Depending on how many intermediates are present, the indirect routes are further classified into three categories: one-level, two-level, and three-level channels.
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systems, including both business systems, and educational systems, are actually very simple. the main idea is that systems have parts that fit together to make a whole. what is "interesting is how those parts are connected together" (frick, 1991).
For the student version, paraphrasing plagiarism is accurate. Thus, option B is correct.
Plagiarism refers to copying or using words from the reference source to create one's product. It can be referred to as using another person's idea as one's own.
Word-by-word plagiarism refers to the process of plagiarism where nothing is changed, and every word is copied from the source content. This kind of plagiarism is very easy to catch as a person does not change anything and simply copies it.
Paraphrasing plagiarism refers to plagiarism that is done while paraphrasing content. Paraphrasing means writing the given passage in one's own words. However, if phrases and words are copied from the source during paraphrasing, it is called paraphrase plagiarism.
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You will find the entire question below:
The concept of systems is quite simple. The basic idea is that a system has parts that fit together to make a whole; but where it gets complicated - and interesting - is how those parts are connected or related. There are many kinds of systems: government systems, health systems, military systems, business systems, and educational systems, to name a few.
Student Version
Systems, including both business systems, and educational systems, are actually very simple. The main idea is that systems have parts that fit together to make a whole. What is interesting is how those parts are connected together
Which of the following is valid for the Student Version above?
A. Word-for-Word plagiarism
B. Paraphrasing plagiarism
C. This is not plagiarism
Liabilities are:_____
a. the rights of customers.
b. the rights of creditors.
c. the rights of owners.
d.none of these choices are correct.
Liabilities are the rights of creditors. Hence, Option B is correct.
What are creditors?A creditor is defined as a party who lends a specific amount of money to another party in exchange for services. A creditor is a person, institution, form, or organization from whom money can be borrowed. These are the creditors, who are one of the owners in the firm.
These are the creditors, who are also called the ones who have the right to the assets of the form. It can be said that these are the liabilities that are the rights of creditors because the firm has to pay back to the creditors.
Therefore, Option B is correct.
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Key numbers that characterize the current condition and trends in a specific real estate market are more commonly referred to as market?
Key numbers that characterize the current condition and trends in a specific real estate market are more commonly referred to as market parameters.
The housing market which also known as the real estate market, brings together stakeholders, such as, the homeowners, renters, contractors, real estate investors who buy and sell properties mainly for investment purposes, renovators, and the real estate brokers.
So in the real estate market, the key numbers which characterizes the current condition and trends is termed as the market parameter. Thus, investors should once consider a few mandatory parameters before investing in the real estate sector.
Hence, buying a property is impacted by the parameters.
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a leader's role in change and innovation is to: group of answer choices provide permission to staff to solve problems take credit for the ideas of others facilitate the conditions for change and innovation to occur take suggestions but make the ultimate decision unilaterally
A leader's role in change and innovation is to facilitate the conditions for change and innovation to occur.
What's invention?Innovation is the practical perpetration of ideas that affect in the preface of new goods or services or enhancement in offering goods or services.ISO TC 279 in the standard ISO 560002020 defines invention as" a new or changed reality realizing or redistributing value". Others have different delineations; a common element in the delineations is a focus on freshness, enhancement, and spread of ideas or technologies.Innovation frequently takes place through the development of further-effective products, processes, services, technologies, art workshop or business models that originators make available to requests, governments and society.What's the significance of invention?Innovation is frequently necessary for companies to acclimatize and overcome the challenges of change. It fosters growth Recession can be extremely mischievous to your business. Achieving organizational and profitable growth through invention is crucial to staying round in moment's largely competitive world.Learn more about invention here:
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sonja bishop operates a small international firm named tile, inc. a new treaty between the united states and spain conflicts with a section of the internal revenue code. sonja asks you for advice. question content area a. if she follows the treaty position, does she need to disclose this on her tax return?
Disclosure is required any time a tax treaty overrides a tax law Yes.
A protocol is a change of contract. It is important to read both the Convention and the Protocol that apply to the tax year in which the payment is made. The full text of these agreements is available from US Income Tax. A form to submit if you wish to claim certain tax treaty benefits specific to your country of residence.
The United States has income tax treaties with many other countries. Under these treaties, residents who are not necessarily citizens of another country may receive tax relief or exemption from US income tax on certain income derived from sources within the United States. Then report your earnings as normal and enter the treaty exempt amount as negative earnings under Less Common Earnings.
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Today, a more typical pattern of work experiences includes lateral as well as hierarchical movement within a company, however not the movement from company to company. True or false?.
This is false; today, a more typical pattern of work experience includes lateral as well as hierarchical movement within a company, but not the movement from company to company.
Work experience is any paid or unpaid activity that gives a participant the chance to develop the fundamental abilities, education, and work ethics required to find employment. Work experience is meant to increase the employability of people who are unable to secure unsubsidized employment.
Even as a volunteer or an intern, gaining work experience will help you start building a professional network that may one day help you land another career. According to a recent survey, two thirds of companies prefer to hire new graduates who have relevant work experience because it gives them a head start on the job and increases their general business acumen. It's significant that one third of employers thought that candidates didn't know enough about their desired vocation or position.
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general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered blank .
general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered a product line
What exactly are innovation and invention in business?Making new things or developing new manufacturing processes is what invention is all about. Bringing this novel concept to market, or converting an invention into a product, is what innovation entails. A company can utilise the law to defend its business concept.
An invention happens when you create a brand-new concept, whereas an innovation involves enhancing an already-existing idea. Take transportation as an illustration. Being the first motorised mode of transportation, the first vehicle was an innovation when it was built.
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as part of its performance review process, altrera corporation solicits confidential feedback from the employee's managers, peers, and direct reports. this process is known as .
Altrera Corporation asks the employee's managers, peers, and direct reports for confidential input as part of the performance evaluation procedure. The term "multisource (360-degree) feedback" refers to this procedure.
A multisource (360-degree) feedback is what?A 360-degree feedback process involves gathering feedback from an employee's subordinates, coworkers, and supervisor(s), as well as a self-evaluation. It is also referred to as multi-rater feedback, multi-source feedback, or multi-source assessment.
The employee's interactions with clients, vendors, or other interested parties may also be included in such feedback when appropriate. Because it seeks input on a worker's behavior from a number of angles, 360-degree feedback earns its name (subordinate, lateral, and supervisory).
Consequently, it could be compared to "downward feedback" (traditional feedback on work behavior and performance delivered to subordinates by supervisory or management employees only; see traditional performance appraisal) or "upward feedback," which is traditional feedback on work behavior and performance delivered to supervisory or management employees by subordinates only.
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Cashiers at a supermarket have to talk to a manager before approving price changes at the register. Which internal control principle is being followed?.
Segregate duties internal control principle is being followed. Separation of Duties (SOD) is a fundamental component of internal company controls and long-term risk management.
The foundation of the SOD concept is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments. Separating roles ensures oversight and evaluation to spot mistakes, which serves two important duties.
Due to the fact that it takes two people to conspire to conceal a transaction, it aids in preventing fraud and theft. Segregation of duties SOD is the name given to this idea. The administrator must settle all disputes.
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Under the theory of mercantilism, nations became powerful by stockpiling currency.
a. true
b. false
It is true that under the theory of mercantilism, nations became powerful by stockpiling currency.
What does mercantilism truly mean?The mercantilist theory of economics emphasizes self-sufficiency as having a favorable trade balance. Mercantilist policies place a higher priority on accumulating wealth and resources than on maintaining a positive trade balance with other countries.
What is the fundamental premise of mercantilism?A trade-based economic system, mercantilism existed from the 16th through the 18th centuries. Growing exports was thought to be the best way for a country to increase its wealth and power, hence mercantilism meant boosting trade.
Mercantilism held that nations may increase their dominance by accumulating wealth.
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