The cliché "You get what you expect" is indicative of a self-fulfilling prophecy. A self-fulfilling prophecy is a prediction that directly or indirectly affects the outcome of a situation due to the expectation that the event will occur.
The self-fulfilling prophecy operates in a manner that reflects expectations and beliefs. When an individual anticipates an event or circumstance, they may unconsciously or consciously alter their conduct, thoughts, or actions in ways that eventually lead to the event's fulfillment. In most circumstances, the self-fulfilling prophecy creates negative results.
In general, people with low expectations of themselves and others often create self-fulfilling prophecies, and those with higher expectations frequently get better results than those with lower expectations. As a result, people's expectations may impact the choices they make, as well as the results they get from those choices.
In conclusion, the cliché "You get what you expect" indicates a self-fulfilling prophecy that can cause people to subconsciously or consciously alter their actions, conduct, or thoughts to achieve the event's expected outcome.
The correct option is A.self-fulfilling prophecy.
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an increase in the total cost from producing one more unit of output is the _____
The increase in the total cost from producing one more unit of output is called the marginal cost.
In economics, marginal cost is the change in total cost resulting from producing an additional unit of output. Marginal cost is calculated by dividing the change in total cost by the change in the quantity of output produced. Now coming to the definition of marginal cost. In economics, the cost of producing one additional unit of a good or service is known as the marginal cost.
Marginal cost is the cost of increasing the level of output by one unit, and it includes both variable and fixed costs. It refers to the additional cost of manufacturing one more unit of a good or service by an organization. It can be represented as the cost of the last item produced or the cost of producing the next item. The formula for calculating marginal cost is:
MC = ΔC / ΔQ,
Where: MC = Marginal Cost, ΔC = Change in Total Cost, ΔQ = Change in Quantity of Output Produced
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you are a management consultant, and nova corporation has hired you to help improve communication throughout the organization. one manager expresses skepticism that interpersonal relations are important to organizational performance. which of the following information will you use to convince the manager that interpersonal relations are worth addressing? check all that apply. employees will be able to count on each other for support if they have positive relationships, so the workforce will be more resilient in stressful situations. employees who communicate well and willingly support each other are more productive than employees who do not. employees with a high need for social affiliation are more likely to get that need met at work if interpersonal relations are healthy. employees with strong interpersonal relations will rely on each other for guidance and are likely to ignore management directives they disagree with.
Interpersonal relations are important to organizational performance, and the following information can be used to convince the manager of this fact:
Employees will be able to count on each other for support if they have positive relationships, so the workforce will be more resilient in stressful situations.Employees who communicate well and willingly support each other are more productive than employees who do not.The importance of interpersonal relationshipInterpersonal relationships teach us who we are. From a very young age, the people around us form key aspects of our personalities and value systems. They can help give us a sense of purpose and direction.
They’re also a key component to overall physical and mental well-being. There’s a strong link between relationships and emotional health. That’s why it’s vital to surround yourself with people who give you joy, support, and comfort.
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which of the following would require an upward adjustment to net income when computing operating cash flows per the indirect method? (check all that apply) group of answer choices prepaid expenses increased accounts receivable decreased you sold some property for a loss accounts payable decreased
The items that would require an upward adjustment to net income when computing operating cash flows per the indirect method are increased accounts receivable and decreased accounts payable. Operating cash flow is the amount of cash that a company generates or loses from operating activities. This figure is critical for determining whether or not a company can maintain its operations and reinvest in itself.
There are two methods for calculating operating cash flow: the direct method and the indirect method. While the direct method is more straightforward, most companies employ the indirect method to calculate operating cash flow. Prepaid expenses. Prepaid expenses are non-operating transactions that occur before the company's normal operations have begun, and they are accounted for in the investing activities section of the cash flow statement.
When computing operating cash flows per the indirect method, a decrease in accounts payable would necessitate an upward adjustment to net income. Therefore Correct answer are increased accounts receivable and decreased accounts payable
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Which of the following is the best guest greeting for an elderly couple checking in with their five grandchildren for an annual trip to the local theme parks?
A) "Welcome! Here are your room keys, 8th floor, and instructions on how to access our digital business features."
B) "Welcome! Here are your room keys, 4th floor, and here are some tokens you can use for our game room on the 2nd floor."
C) "Welcome! Here are your room keys, 5th floor, and here is a voucher for some complimentary champagne and cake at our restaurant."
D) "Welcome! Here are your room keys, 10th floor. I'll send up some bagels, tea, and coffee to your room right away."
D) "Welcome! Here are your room keys, 10th floor. I'll send up some bagels, tea, and coffee to your room right away."
How do you welcome guests?Imagine what could happen if you made eye contact with your guests and greeted them by name, if just smiling can improve their mood. The most important thing is to make your guests feel like they are welcome and expected to be there. A specific procedure or protocol for greeting guests and attentive front desk staff are required to achieve these objectives. You should communicate your expectations for greeting visitors to your staff of receptionists. A front-desk worker, for instance, should greet guests with a standard greeting like, "Good morning/afternoon - welcome to our organization, how can I help you?" followed by a smile and clear eye contact.
Establish a company culture that is respectful of administrative staff in order to ensure that your front-desk staff is always attentive and puts guests first. If they are overburdened with tasks, front-of-office staff will find it difficult to be cheerful, friendly, and welcoming. Do not overburden your receptionists with work that will be disrupted frequently.
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a us corporation is subject to an income tax rate of 35% and has a branch in the uk, which paid the national corporate tax rate of 30% on its earnings there. the branch generated taxable income from operations in the uk equivalent to $2,000,000. what is the amount of taxes owed to the us government on the income generated in the uk?
The amount of taxes owed to the US government on the income generated in the UK is $600,000.
This is calculated by taking the difference between the US corporate income tax rate (35%) and the UK corporate tax rate (30%), then multiplying it by the total taxable income ($2,000,000).
The US government requires that US corporations pay taxes on any income earned worldwide. This means that any income earned by a US corporation's branch in the UK must be reported to the US government and taxes must be paid on the income.
The amount of taxes owed to the US government is calculated by taking the difference between the US corporate income tax rate (35%) and the UK corporate tax rate (30%), then multiplying it by the total taxable income earned in the UK ($2,000,000). In this case, the amount of taxes owed is $600,000.
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once the project is underway, project managers help manage activities for the team members and communicate key milestones to stakeholders. what is this project management responsibility called?
The responsibility of a project manager to help manage activities for team members and communicate key milestones to stakeholders is called project monitoring and control.
What is project management?
Project management refers to the planning, organizing, and controlling of a project's resources in order to achieve its objectives. A project is a planned, temporary endeavor that is aimed at creating a unique product, service, or result.
What is project monitoring and control?
Project monitoring and control are project management processes that are used to keep track of a project's progress and make changes to the project plan as required to keep the project on track.
The project monitoring and control process allows project managers to track and report on project status, monitor and control project costs, and ensure that project objectives are met. Project monitoring and control include several tasks including Developing a project plan that defines the project's objectives, schedule, budget, and resources Managing project risks, issues, and changes Tracking project progress and comparing it to the project plan Adjusting the project plan as necessary to keep the project on track Communicating with stakeholders to keep them informed of project progress and address any concerns or issues that arise.
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the role of executives with regard to corporate-level strategy is to group of answer choices identify which resources provide distinctive capabilities. identify which industries a company should compete in to maximize long-run profit. identify which of the company's businesses has a sustainable source of competitive advantage. position the firm within its industry. strengthen a company's core competitive competencies.
The role of executives with regard to corporate-level strategy is to identify which industries a company should compete in to maximize long-run profit.
Executives must consider external factors such as competitive landscape and market potential as well as internal factors such as the company's capabilities and resources to determine which industries the company should compete in.
By strategically positioning the firm in the right industries, executives can improve the company's competitive advantage and maximize long-term profitability.
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when settling an insurance claim (such as car repairs due to accidents and house fire damage), the fee you have to pay before the remaining costs are covered in full is called a.
When settling an insurance claim (such as car repairs due to accidents and house fire damage), the fee you have to pay before the remaining costs are covered in full is called a deductible.
What is an insurance claim?An insurance claim is a request made by an individual to an insurance company for compensation for a loss or injury that occurred. Insurance claims may be for various types of damages, such as house damage caused by a natural disaster, automobile accidents, or medical malpractice.
Insurance companies can assess the value of a loss and provide financial compensation to the victim to help them recover from the incident. If the loss is not covered by the insurance policy, the claim will be denied.
What is a deductible?A deductible is a set amount of money that you agree to pay out of your pocket before your insurance coverage kicks in. The insurance company will only pay for the remaining costs once the deductible has been paid.
The purpose of the deductible is to minimize small and frivolous claims, ensuring that policyholders are not frequently making claims that are uneconomical for the insurance company.
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spot co. purchases office supplies from sally supplies, inc.. spot does not pay cash for the purchase, and now owes the amount to sally. this transaction would typically be recorded in which account in spot's books? multiple choice question. accounts payable wages payable unearned fees accounts receivable
The following account in Spot's books will the transaction of Spot Co. purchasing office supplies from Sally Supplies, Inc. be recorded in: Accounts Payable.
What is Accounts Payable?Accounts Payable (AP) is the accounting term used to describe an entity's short-term financial obligations or debts to suppliers for products or services purchased on credit.
This account usually appears on the balance sheet's liability side.
It represents the total amount that an organization owes to its suppliers and vendors for the purchase of products and services that are not yet paid for.
A company creates an account payable in its accounting system when it acquires products or services from a supplier on credit or deferred payment terms.
The company is obliged to pay the outstanding amount owed to the supplier as a result of the transaction, and the supplier's bill serves as evidence of the company's responsibility.
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Which one of the following is not part of your automobile operating costs?
Insurance
Transaction fees
Parking
Gas
Out of the following options, "Parking" is not a part of your automobile operating costs.
Automobile operating expenses refer to the amount of money an individual must pay to keep their car in working order, as well as the cost of driving it on a daily basis. Parking is not one of these expenses.
What are the operating expenses for an automobile? Maintenance, fuel, insurance, and licensing fees are examples of automobile operating expenses. Gas is one of the most important operating expenses for most automobiles, and it can also be one of the most costly. An automobile's fuel economy, which is expressed in miles per gallon (MPG), determines how much gas it uses. Parking is not considered an automobile operating cost because it is not related to the car's actual use.
Instead, parking fees are typically imposed by municipalities or private companies as a way to handle the number of automobiles in a given location. While parking can be a significant expense for those who live in areas with high parking fees or limited parking availability, it is not directly related to operating the car itself.
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the consumer's social, symbolic or social needs are targeted by what kinds of appeals? plain scarcity emotional humor rational
The consumer's social, symbolic, or social needs are targeted by appeals that are emotional, humorous, and/or rational.
Emotional appeals rely on connecting with the consumer's emotions, such as evoking empathy, joy, or sadness. Humorous appeals rely on comedic relief, such as puns or slapstick. Rational appeals rely on logical arguments, such as statistics or factual information.
For example, a company might use an emotional appeal in its advertisement by showing a heartwarming story of a family struggling with poverty, in order to draw out sympathy from the viewer. It might use a humorous appeal by presenting an absurd situation, such as an advertisement with a talking dog. Finally, it might use a rational appeal by providing facts and figures to demonstrate its product’s superiority to the competition.
In conclusion, emotional, humorous, and rational appeals are all used to target the consumer’s social, symbolic, and social needs.
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the best way to understand the relationship between resources, capabilities, and core competencies is to recognize that resources are the source of capabilities. some capabilities lead to the development of core competencies and these, in turn, may lead to competitive advantages. true false
This statement is true. The best way to understand the relationship between resources, capabilities, and core competencies is to recognize that resources are the source of capabilities.
A resource is an aspect that may be owned or controlled by a corporation or entity that may be used to generate returns or achieve strategic goals or objectives. The potential to do a job or operation is referred to as capability. Capabilities are resources that have been transformed and improved by a corporation's application of knowledge or technology. The competencies that a corporation possesses in critical fields or activities are referred to as capabilities. Core competencies are the capabilities that differentiate a corporation from its rivals and have a strategic and competitive edge. Core competencies refer to a corporation's long-term competitive advantages, which must be appropriate, valuable, and difficult for rivals to replicate. A corporation's resource base is the foundation of its capabilities, and the development of capabilities is the result of a corporation's resources. Capabilities are the key to a corporation's success because they are the foundation of core competencies. Capabilities and resources are critical components of a corporation's core competencies. These three concepts are linked and influence one another; thus, they are all critical components of a corporation's strategy.
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brands are assets that a firm can build and harness over time to increase its blank . multiple choice question. consumer trust equity liabilities marketing expenditures
A company may develop and use its brands as assets over time to boost customer trust and equity.
Brand equity – is it an asset?An organization's brand equity is an extremely potent intangible asset. Essentially, brand equity is the extra value that a company provides in addition to its goods or services. This value is determined by a company's level of brand awareness and by how favorably or unfavorably consumers feel about the brand.
What does brand equity mean?The perceived quality and attractiveness of a brand are what define its brand equity, or worth. It is based on elements like consumer loyalty, brand awareness, and customer happiness.
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According to Chapter 1, why is it important to keep track of your sources as you complete your research projects? a. ISU has strict guidelines for organizing your sources that all students must follow b. You will need to show you have copies of all your sources to prove you have not plagiarized
c. Your professors will all require you to use citation manager software or apps
d. Organizing your sources is a requirement for graduation
e. Organizing your sources helps you remember where any quotes came from
Keeping track of your sources while completing research projects is important because "you will need to show that you have not plagiarized by providing copies of your sources." Option B is correct.
Keeping track of sources is an essential part of any research project, as it ensures that you can properly attribute information and avoid plagiarism. It also helps you to keep track of where quotes and information came from, which is crucial if you need to go back and reference something later.
Additionally, many institutions have strict guidelines for organizing sources, and failing to follow them can result in penalties or even failure. Therefore, it is important to stay organized and keep track of your sources as you complete your research.
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what is being demanded in the money market?2. true/false. the money market is all called the liquidity preference model.3. what interest rate in the money market?4. what do people demand money in the money market (3)?5. true/false. the quantity of money supplied is independent of the nominal interest rate.6. what happens if interest rates are too high (above equilibrium) in the money market? below?7. if the price level rises, what happens to money demand? graph
Question 1: In the money market, money, also known as liquidity, is demanded by households and firms as a medium of exchange to facilitate transactions and store wealth.
Question 2: False. The liquidity preference model is one model used to explain the demand for money in the money market, but it is not the only one.
Question 3: The interest rate in the money market is determined by the supply and demand for money. The equilibrium interest rate is determined when the quantity of money supplied equals the quantity of money demanded.
Question 4: People demand money in the money market to facilitate transactions, store wealth, and to earn a return on their money.
Question 5: False. The quantity of money supplied in the money market is dependent on the nominal interest rate. An increase in the nominal interest rate will lead to a decrease in the quantity of money supplied, and vice versa.
Question 6: If interest rates are too high (above equilibrium) in the money market, there will be an excess supply of money, resulting in a decrease in the price level. Conversely, if interest rates are too low (below equilibrium) in the money market, there will be an excess demand for money, resulting in an increase in the price level.
Question 7: When the price level rises, the real value of money decreases, resulting in an increase in money demand. As people demand more money, the nominal interest rate rises, creating an equilibrium where the quantity of money supplied equals the quantity of money demanded.
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georgia, a widow, has take-home pay of $1,400 a week from her part-time job. her disability insurance coverage replaces 60 percent of her earnings after a four-week waiting period. what amount would she receive in disability benefits if an illness kept georgia off work for 16 weeks? (do not round intermediate calculations.)
Georgia would receive $13,440 in disability benefits if an illness kept her off work for 16 weeks.
The formula to find the amount of disability benefits is given by.
Amount of disability benefits = Coverage percentage × Take-home pay × Number of weeks of disability benefits
Given that, Georgia's take-home pay is $1,400 a week.
Her disability insurance coverage replaces 60% of her earnings after a four-week waiting period. Now, to find the amount of disability benefits if an illness kept Georgia off work for 16 weeks, we will use the formula of disability benefits.
Putting the given values in the above formula.
Amount of disability benefits = 60% × $1,400 × 16= 0.6 × 1,400 × 16= $13,440Therefore, Georgia would receive $13,440 in disability benefits if an illness kept her off work for 16 weeks.
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a simplified scoring model for project selection seems to be better than a check list method in that it can: group of answer choices go beyond saying a criteria is present or not look at relative values of criteria combine multiple criteria all of these
The simplified scoring model for project selection is better than the check list method because it can go beyond saying a criteria is present or not; it looks at the relative values of criteria, and it can combine multiple criteria. Option d All of these answers are correct.
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A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition and the resources and qualifications of the owner(s). Select one: O True O False Points out of 2 P Flag question Which of the following is a reason that many people decide to take the risk of becoming an entrepreneur? Select one: O Challenge O Opportunity O Independence. O All of the responses are correct A is the group ultimately responsible for the business. Select one: O Investment bank consortium O Group of C-level directors O Board of directors Angel board 3 Which of the following is an advantage of a sole proprietorship? Select one: O You retain all of the profit O You get to be your own boss Ot is easy to get out of business O All of the responses are correct Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically. Select one: True O False Codes of ethics are formalized rules and standards that describe what then company expects of its employees. Select one: O True O False The concept of social responsibility is universally accepted. Select one: O True O False Philanthropic contributions made by a business to a charitable organization represent which dimension of social responsibility? Select one: O Corporate citizenship O Legal O Voluntary O Economic Consumers vote against firms they view as socially irresponsible by not Select one: O filing complaints with the company. O writing their representatives in Congress. O expressing dissatisfaction by protesting. O boycotting the company's products. O buying the company's products. in Studies have found a direct link between social responsibility and business Select one: O Profitability. O Global warming. O Ethics. O Happiness of stakeholders, O Declining stock prices.
A business plan is a written statement that details the nature of a business, its target market, advantages over competitors, and resources and qualifications of its owner(s) (s).
Many people become entrepreneurs because they crave the challenge, opportunity, and independence that comes with establishing and operating a firm. The board of directors or an angel board, as opposed to an association of C-level executives or an investment bank consortium, is often the group in charge of a company. Sole proprietorships give the advantage of retaining all earnings, being your own boss, and ease of withdrawal from the firm. Ethical norms and rules can limit unethical conduct by prescribing permissible activities and reducing chances for unethical activity.
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Which of the following is an advantage of a sole proprietorship: retaining all of the profit, being your own boss, ease of getting out of business, or all of the responses are correct?
Managers conduct _____ when they consider the problems and opportunities that drive change and the factors that restrain change.a. conflict managementb. a force-field analysisc. a refreezingd. a large-group intervention
The force-field analysis option in the response is b. Managers assess the different elements that might support or obstruct change inside a company using a force-field analysis.
This study helps identify the driving and restraining factors at play, allowing managers to make educated decisions and establish successful strategies for implementing change. Managers can address potential challenges and create strategies to take advantage of opportunities by understanding the factors that influence change. This procedure is essential for making sure that long-term sustainability and success of change projects. Conflict management, refreezing, and large-group interventions are all essential ideas in organizational transformation, but they are not directly connected to the process of assessing driving and restraining forces in a force-field study.
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do you now, or will you at any time in the future, require visa sponsorship to work in the united states?
Yes, now, or will you at any time in the future, require visa sponsorship to work in the united states because you will require work authorization once your student immigration status ends.
Yes, as soon as your student visa expires you will need to obtain a work permit. You may also explain your situation during initial outreach by the company if/when they contact you for the position. For a foreign national to obtain a job in the United States, the person must usually obtain sponsorship from a U.S. employer.
Employers who want to hire foreign nationals must apply with the U.S. federal government and satisfy specific sponsorship requirements. In order to receive an employment visa to work in the United States, you'll need an employer to petition the US government for a visa on your behalf and “sponsor” your travel to the United States.
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a person who smoothes and accommodates during conflict tends to a. lead in a hidden management style. b. blend all management styles. c. lead in a blind management style. d. lead in an open management style.
The correct answer is A "lead in a hidden management style".
In this type of management style, the leader does not disclose his/her true intentions or motives to others. It is also known as the "manipulative" style of management. Leaders who adopt this management style use subtle methods to manipulate situations to their advantage.
They are not transparent and avoid sharing information that may negatively impact their position or image. The hidden management style is not suitable for all situations. In some cases, it may be necessary to be transparent to gain the trust of others.
In conclusion, the hidden management style may be useful in some situations, but it is not a one-size-fits-all solution. Leaders need to evaluate the situation before deciding on the most appropriate management style to adopt.
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under michigan's no fault act, to pursue economic damages, an injured victim files a claim against the insurance carrier of the at-fault party to a crash. question 22 options: true false
Hence, The assertion is true. According to the Michigan no-fault legislation, if some specified individual participates in an automobile accident. Instead of calling the at-fault party's insurance provider, the party must notify themselves insurer.
It helps serious injuries to follow a simple procedure to enhance their experience of making a claim in a reputable operational environment without having to deal the with burden of calling some other party involved in the incident.
What exactly do people imply when they say insurance?
Insurance serves as a risk management tool. When people acquire insurance, you are purchasing security against unforeseen financial losses. If anything horrible happens to you, the health insurer will compensate You or somebody you pick. If you do not have insurance and an accident occurs,
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which demographic categories are commonly used by economists when breaking down unemployment rates? multiple select question. location duration education gender
Duration, education, and gender. I did it and got it right. Please mark me as Brainliest if possible! Thanks :)
How does the concept of opportunity cost help consumer to make informed decision?
Answer:
Explanation:
El concepto de costo de oportunidad ayuda al consumidor a tomar decisiones informadas porque le permite comparar las diferentes alternativas disponibles y elegir la que le reporte el mayor beneficio o el menor sacrificio. Según el índice, el costo de oportunidad es el beneficio que se deja de percibir al elegir una alternativa sobre otra. Por ejemplo, si un consumidor tiene 100 euros y puede gastarlos en comprar un libro o en ir al cine, el costo de oportunidad de comprar el libro es el placer que se pierde al no ir al cine, y viceversa. Así, el consumidor puede evaluar cuál opción le satisface más y actuar en consecuencia.
many organizations use podcast to address external and internal audiences. how are organizations using podcasts internally? check all that apply. to entertain to respond to a crisis to train to engage
Organizations use podcasts to address external and internal audiences. Organizations can use podcasts to inform, train, motivate, entertain, and engage employees. By using podcasts, organizations can create a positive work environment and promote employee engagement.
Here are the ways that organizations are using podcasts internally:
To inform: Podcasts are a great way to share news and updates with employees. Organizations can use podcasts to inform employees about new policies, changes in the company, and important events.
To train: Podcasts are a useful tool for training employees on various topics. Organizations can use podcasts to provide training on specific skills, policies, or procedures.
To motivate: Podcasts are a great way to motivate employees. Organizations can use podcasts to recognize and reward employees, share success stories, and promote a positive work culture.
To entertain: Podcasts can be used to provide employees with entertainment. Organizations can create podcasts that feature interviews with employees, provide a behind-the-scenes look at the company, or feature stories that are relevant to the employees.
To engage: Podcasts are a powerful tool for engaging employees. Organizations can use podcasts to create a sense of community among employees, encourage participation in company events, and promote employee engagement.
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which of the following statements about capitation is most correct? question 38 options: capitation encourages providers to focus on prevention and wellness. capitation creates a delay between providing services and receiving payment. the capitation payment amount to providers varies significantly from month to month and hence is difficult to predict. capitation places a greater administrative burden on providers than does fee-for-service payment. capitation uses a per diagnosis methodology to set hospital payment rates.
The most correct statement about capitation is "Capitation encourages providers to focus on prevention and wellness."
Capitation is a type of payment system where healthcare providers are paid a fixed amount per patient to cover all of that patient's care. This incentivizes providers to focus on preventive care and overall patient wellness in order to keep healthcare costs low.
As opposed to the traditional fee-for-service system, which pays providers for each individual service or procedure performed, capitation is paid regardless of the services or procedures provided.
This model encourages providers to keep costs down by helping patients maintain health rather than seeking out unnecessary treatments.
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Ontario, Inc. manufactures two products, Standard and Enhanced, and applies overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period are $800,000 and 25,000 hours, respectively. Information about the company’s products follows.
Standard:
Estimated production volume, 3,000 units
Direct-material cost, $25 per unit
Direct labor per unit, 3 hours at $12 per hour
Enhanced:
Estimated production volume, 4,000 units
Direct-material cost, $40 per unit
Direct labor per unit, 4 hours at $12 per hour
Ontario’s overhead of $800,000 can be identified with three major activities: order processing ($150,000), machine processing ($560,000), and product inspection ($90,000). These activities are driven by number of orders processed, machine hours worked, and inspection hours, respectively. Data relevant to these activities follow.
Orders Processed Machine Hours Worked Inspection Hours
Standard 300 18,000 2,000 Enhanced 200 22,000 8,000 Total 500 40,000 10,000 Top management is very concerned about declining profitability despite a healthy increase in sales volume. The decrease in income is especially puzzling because the company recently undertook a massive plant renovation during which new, highly automated machinery was installed—machinery that was expected to produce significant operating efficiencies.
Required:
1. Assuming use of direct-labor hours to apply overhead to production, compute the unit manufacturing costs of the Standard and Enhanced products if the expected manufacturing volume is attained.
2. Assuming use of activity-based costing, compute the unit manufacturing costs of the Standard and Enhanced products if the expected manufacturing volume is attained.
3. Ontario’s selling prices are based heavily on cost.
1) Using direct-labor hours to apply overhead to production:
Standard: $157 per unit
Enhanced: $216 per unit
2) Using activity-based costing
Standard: $181 per unit
Enhanced: $198 per unit
3) Ontario's selling prices are based heavily on cost and may need to be adjusted based on the new cost information, depending on the company's pricing strategy and the competitive environment.
1) Using direct-labor hours to apply overhead to production
Total direct labor cost for Standard = 3,000 units x 3 hours per unit x $12 per hour = $108,000
Total direct labor cost for Enhanced = 4,000 units x 4 hours per unit x $12 per hour = $192,000
Overhead rate = $800,000 ÷ 25,000 direct labor hours = $32 per direct labor hour
Manufacturing cost per unit for Standard
Direct materials = 3,000 units x $25 per unit = $75,000
Direct labor = $108,000
Manufacturing overhead = 3,000 units x 3 hours per unit x $32 per hour = $288,000
Total manufacturing cost = $471,000
Manufacturing cost per unit = $471,000 ÷ 3,000 units = $157 per unit
Manufacturing cost per unit for Enhanced
Direct materials = 4,000 units x $40 per unit = $160,000
Direct labor = $192,000
Manufacturing overhead = 4,000 units x 4 hours per unit x $32 per hour = $512,000
Total manufacturing cost = $864,000
Manufacturing cost per unit = $864,000 ÷ 4,000 units = $216 per unit
2) Using activity-based costing . First, we need to calculate the activity rates for each of the three overhead activities:
Order processing rate = $150,000 ÷ 500 orders processed = $300 per order processed
Machine processing rate = $560,000 ÷ 40,000 machine hours worked = $14 per machine hour worked
Product inspection rate = $90,000 ÷ 10,000 inspection hours = $9 per inspection hour
Manufacturing cost per unit for Standard
Direct materials = $75,000
Direct labor = $108,000
Manufacturing overhead:
Order processing = 300 orders x $300 per order = $90,000
Machine processing = 18,000 machine hours x $14 per machine hour = $252,000
Product inspection = 2,000 inspection hours x $9 per inspection hour = $18,000
Total manufacturing overhead = $360,000
Total manufacturing cost = $543,000
Manufacturing cost per unit = $543,000 ÷ 3,000 units = $181 per unit
Manufacturing cost per unit for Enhanced
Direct materials = $160,000
Direct labor = $192,000
Manufacturing overhead:
Order processing = 200 orders x $300 per order = $60,000
Machine processing = 22,000 machine hours x $14 per machine hour = $308,000
Product inspection = 8,000 inspection hours x $9 per inspection hour = $72,000
Total manufacturing overhead = $440,000
Total manufacturing cost = $792,000
Manufacturing cost per unit = $792,000 ÷ 4,000 units = $198 per unit
3) Ontario's selling prices are based heavily on cost, so the company needs to add a markup to the manufacturing cost per unit to determine the selling price. The markup would depend on the company's pricing strategy and the competitive environment. If Ontario wants to maintain the same profit margin as before, it may need to adjust the markup based on the new cost information.
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which strategy is used by a human resource manager to fill an open position from within the company?which strategy is used by a human resource manager to fill an open position from within the company?
The strategy used by a human resource manager to fill an open position from within the company is Internal recruitment.
Internal recruitment refers to the process of promoting or recruiting employees within an organization to fill a job vacancy instead of hiring a new candidate from outside. Internal recruitment is used by a human resource manager to fill an open position from within the company.When a company has a job opening, it can advertise it to current employees or promote it from within the organization to fill the position. Here is how the internal recruitment process works:When a company has a job opening, it can advertise the job to current employees. This can be done through an internal job board, company newsletter or intranet, email, or company meetings.If an employee is interested in the position, they will apply for the job. The HR department will then review the employee's qualifications and determine if they are suitable for the job.If the employee is selected for the job, they will be offered the position, and the HR department will help with the transfer process, including job duties, pay, benefits, and other HR policies.If the employee is not selected, they or can continue working in their current role, and the HR department may provide feedback on how they can improve their qualifications for future opportunities.Internal recruitment has several advantages, including:Boosting employee morale and motivationSaving time and costReducing training and onboarding expensesAvoiding potential risks from external recruitmentAs a result, internal recruitment is a popular HR strategy used by companies to retain their top talents, build an engaged workforce, and improve employee satisfaction.Learn more about human resource managers: https://brainly.com/question/25443563
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a background check must always be conducted to determine the level of trust the business can place in a candidate for an information security position. a. true b. false
True. Background checks are essential for information security positions to determine the trustworthiness of the individual. Background checks provide insight into the applicant’s criminal history, employment history, educational qualifications, and other personal information that can help evaluate the individual’s suitability for the position.
Background checks help employers identify potential security risks associated with an applicant, such as a history of drug abuse or criminal activity, which can help ensure that the person hired is trustworthy and reliable. Additionally, background checks can provide information on an applicant’s qualifications and experience in the field, which can help ensure that the person hired is qualified and has the necessary skills and knowledge to perform the job.
In short, background checks are a key component of ensuring the security of an organization’s information systems, and they can help employers ensure that they are hiring the right person for the job.
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jorge is investing in a 401(k) that promises 4.99% annual growth. he plans on investing $200 each month for 35 years (there is no employer matching). excel calculates an overall account balance of $226,714.31. how much of jorge's balance is interest?
Jorge is investing in a 401(k) that promises 4.99% annual growth. He plans on investing $200 each month for 35 years. overall account balance of $226,714.31. $119,714.31 is the interest on Jorge's balance.
How much of Jorge's balance is interest?Formula used: [tex]A=P (1+\frac{r}{n} )^{(nt)}[/tex]
where A = Final Amount P = Principal amount (Initial Investment)
r = Annual interest rate in decimals n = the number of times interest is compounded per year.t = time in years.
First, calculate the monthly interest rate using the formula:
r = [tex](1+ 4.99)^{(1/12)}[/tex]
= 0.0040748A
The total time period is 35 years (420 months)
PMT = -200FV = 0
I/Y = 0.40748%/12
= 0.040748
N = 420 CPT PV.
The present value of the investment is
$66,372.00.A = 66,372
[tex](1+0.040748/12)^{(420\times 12)}[/tex]
A = 226,714.31
$226,714.31 - $66,372.00 = $160,342.31
The total interest earned is $160,342.31.
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