In Sacramento, California, there is an 8.5% sales tax.
What is sales tax?Sales tax is only the tax that is tacked on to the price of an item or collection of things.
Calculation:From the receipt, we have:
Subtotal = $10.00Total = $10.85 (after tax)Assuming the sales tax is x.
The following equation was used to determine the total:
[tex]Total = subtotal[/tex] × (1+x)
So, we have:
[tex]10.85 = 10 (1+x)[/tex]
Divide both sides by 10
[tex]1.085 = 1+x[/tex]
Subtract 1 from both sides
[tex]0.085=x[/tex]
Rewrite the above equation as
[tex]x=0.085[/tex]
Express as percentage
[tex]x=8.5%[/tex]%
Hence, the sales tax rate is 8.5%
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Answer:
10$,10.85$,8.5
Explanation:
yes
The ___________style of conventional leading is used when followers lack both capability and commitment.
The coaching style of conventional leading is used when followers lack both capability and commitment.
Coaching leadership is that style which involves recognizing the strengths, weaknesses and motivations of the team members to help each individual in improving.
It is one of the four main leadership styles used by managers to motivate employees and achieve success.
It was defined by Paul Hershey and Kenneth Blanchard in the 1960s. Coaching leadership style is highly common in today's workplace because of its positive nature.
Its positive nature promotes development of new skills, revisits company objectives and fosters a confident company culture. Leaders who coach are often determined as valuable mentors.
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Would you extend trade credit to your customers? (do not discuss credit card payments, but rather, direct credit to your customers. ) why or why not?
Expanding your trade credit can increase your sales volume. More time to checkout increases a customer's purchasing power and the number of products they purchase extends trade credit to your customers.
Giving your customers extra time to pay their bills can bring many benefits to your small business. Offering credit to customers is a way to increase sales and provides consumers with payment flexibility. While there are benefits to extending a loan, there are also issues to be aware of.
Generate more sales. The number one reason to consider financing your customers is that it makes your business more attractive to customers. People often want to buy something if they can buy it on credit.
Credit means the right to defer or incur a debt and defer payment of a debt offered or granted primarily for personal, family, or household purposes.
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When channel members realize individual benefits can be maximized by working together, making the distribution more efficient, a _______ marketing system has been created.
When channel members realize individual benefits can be maximized by working together, making the distribution more efficient, as corporate vertical marketing systems marketing system has been created.
A system of distribution channel organization in which the orderly flow of products from producer to end-user is controlled by common ownership of the different levels of the system.
In a vertical marketing system, manufacturers, wholesalers, and retailers participate together in the production and distribution process. Therefore, business owners can manage their businesses efficiently and obtain a more significant market share. A vertical marketing system tries to eliminate competition and conflict that often arise between companies. As a result, there’s better efficiency and a reduction in production cost and product costs.
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True or false: the long-run aggregate supply curve will shift to the right with technological innovation.
The long-run aggregate supply curve will shift to the right with technological innovation. This statement is true.
An improvement in technology always shifts the aggregate production function PF1 to PF2 in the right direction. Other developments which could make an upward shift in the long run aggregate supply curve includes an increase in the capital stock as well as an increase in the availability of natural resources.
Before the technological change, firms employed very few workers at a real wage. If workers are much productive, firms be in profit to hire more of them . The demand curve for labor thus shifts from the initial point.
The real wage will rise and the natural level of employment will also rises. The increase in the real wage rate reflects enhanced productivity of labor, means the amount of output per worker.
The real GDP that the economy is capable of producing also rises. Higher the output means higher natural level of employment, because labor has become more productive as a result of the technological advancement.
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What financial statements would natalie need in order to evaluate whether biscuits will be able to survive over a long period of time? explain what to look for
Financial statements would Natalie need in order to evaluate whether biscuits will be able to survive over a long period of time look for:
Balance sheet - breakup of assets, liabilities &Equity
Income statement (profit and loss) - income &expenses
cash flow statement - cash flow activities in respect to operating investing financing activities
+ retained earnings or something, shows retained earnings
The split of assets, liabilities, and equity is displayed on the balance sheet. The company's profit and loss are displayed in the income statement. The cash flow statement includes financing and investing, as well as operating activities.
Retained earnings are visible because they are displayed. The balance sheet is what is referred to as the balance sheet.
The balance sheet and cash flow statement is the statement of the balance sheet and cash flow. The income statement must consider income less expenses in order to determine the profit made by biscuits.
Current liabilities are compared to assets on the balance sheet. Financial statement accuracy, company and economic trends, and other factors are unknown.
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If your total satisfaction increases when you consume another unit, your marginal utility must be?
If your total satisfaction increases when you consume another unit, your marginal utility must be positive.
Marginal utility is the entertainment a client profits from each extra unit they consume. It calculates utility beyond the first product consumed (the marginal amount). For example, you may buy an iced doughnut. In turn, you get hold of a positive stage of utility or delight from it.
In economics, utility is the satisfaction or advantage derived by consuming a product. The marginal application of an excellent service describes how a good deal of satisfaction or satisfaction is won or lost by using consumers because of the growth or lower in intake by way of one unit. There are 3 varieties of marginal application.
In economics, the same old rule is that marginal software is the same as the marginal utility change divided by the alternate in the number of goods. The system seems as follows: Marginal software = total software distinction/quantity of goods difference.
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Could the central utility plant be built in a way that would allow for expansion as the additional buildings are built?
Yes, central utility plant can be built in a way that would allow for expansion as the additional buildings are built.
HVAC:
In this field, the phrase "HVAC" is frequently used, although many homeowners are unsure of what it entails. It is an acronym for "heating, ventilation, and air conditioning."
The principles of thermodynamics, fluid mechanics, and heat transfer are the foundation of the HVAC (Heat in Ventilation and Air Conditioning) system. The technology behind comfortable environments in homes and cars called HVAC.
According to the inquiry, the current HVAC design uses a central forced air heating and cooling system in the office and electric baseboard heaters around the perimeter. The lab space is designed with a three-pipe hydronic plumbing system that generates heating and cooling utilizing gas-fired boilers and electric chillers.
This HVAC design has several benefits like it will provide:
The psychological state of thermal comfort, which conveys happiness with the thermal environment and is evaluated subjectively.
One of the key objectives of HVAC is to maintain a standard of thermal comfort for people inside of buildings or other enclosed spaces.
Acceptable indoor air quality refers to the condition of the air inside and around buildings and other structures.
Make sure that poor indoor air quality doesn't hinder learning or productivity at work by taking care of the air.
District energy systems
1 Heating energy: In united states specially, Water heating is more efficient than others for heating buildings. And Forced systems have several benefits such as
We get better cooling effects from it.
it provide energy saving of up to 15-20 %
2 Energy used for air conditioning: Air conditioners and heaters transport heat rather than changing its form. Thermal efficiencies do not adequately explain the performance of these devices, even though it enhances efficiency because of this heat.
Yes, it is possible to construct the central utility plant in a way that would enable extension as more buildings are constructed. because it will improve the interchange of thermal energy, or heat, between physical systems and the quality of the air. Building reconstruction is more advantageous when done in accordance with HVAC Design.
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The term __________ refers to the purchase of new technologies to replace older ones.
The term technological substitution refers to the purchase of new technologies to replace older ones.
The simplest definition of technological substitution is the replacement of an older, well-established technology with a newer technology, whether it comes from the same technology family or has a new application.
Tracing financial innovation dissemination and substitution trajectories. The process of technological substitution may be characterized as the gradual replacement of "old" technologies by "new" ones.
The employment of computer programs to carry out operations that have typically been handled by humans is known as software substitution. There is a growing tendency toward software taking the place of employees. Automated checkouts and automated teller machines (ATMs) are two well-known examples.
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As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the _______ stage of the communication process.
As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.
What is encoding?Humans primarily communicate through encoding and decoding messages. The individual who creates and transmits the message is known as the encoder. The encoder must ascertain how the audience will interpret the message and make necessary changes to ensure that the audience interprets the message as intended. Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such a phone call, email, text message, in-person meeting, or other communication method.Different signals require different levels of conscious thought when they are encoded. The encoder should also care for any "noise"—such as other messages, distractions, or influences—that could obstruct their message.
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Would the effect on aggregate demand be larger if the federal reserve held the money supply constant in response, or if the fed were committed to maintaining a fixed interest rate?
The increase in government spending will have a larger effect on aggregate demand and would be larger if the Fed were committed to maintaining the fixed interest rate since in this case the negative crowding out effect would be compensated for.
A fixed interest rate is an unchanging fee charged on legal responsibility, such as a loan or mortgage. it might follow during the complete time period of the mortgage or for simply a part of the term, however, it stays the same in the course of a set period.
A fixed interest rate mortgage is a mortgage in which the interest price would not differ all through the constant charge period of the mortgage. This lets the borrower to as it should be are expecting their future payments. Variable fee loans, by way of comparison, are anchored to the prevailing bargain fee.
A set interest price is a price that doesn't alternate at some stage in your mortgage, or at least for a particular length. united kingdom banks frequently appoint fixed interest costs for mortgages and financial savings money owed. as an example, banks will provide a 5% constant hobby charge in your savings for 365 days, which then drops to at least one% or much less.
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Economics can be divided into microeconomics and macroeconomics. One of these areas studies large units or groups and one studies small units or groups. Which do you think studies small units? why?.
Microeconomics is the study of economics which study small units of economy.
What is microeconomics and macroeconomics?
The study of economics at the individual, small group, or business level is known as microeconomics. The study of a nation's economy as a whole is called macroeconomics, in contrast. Problems that affect both people and enterprises are the main emphasis of microeconomics. Macroeconomics is the study of issues that affect both the world and the nation.
What is the purpose of microeconomics?
The decision-makers can assess and decide how the productive resources are allocated for different goods and services with the aid of a study of microeconomics. Additionally, it aids in resolving the conundrum faced by producers on what to make, how much to produce, and for whom to produce.
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CharCore mixes together wood chips and pine oil. After joint manufacturing costs of $2,000 have been incurred, the mixture separates into two products, granulated charcoal and methyl alcohol. At the split-off point, granulated charcoal can be sold for $5,000 and the alcohol can be sold for $9,000. The charcoal can be further processed at a cost of $6,000 to make air filters which could be sold for $15,000. The alcohol can be further processed at a cost of $7,000 to make a cleaning solvent which could be sold for $14,000. What is the net increase (decrease) in operating income from cleaning solvents?
Net increase in operating income from cleaning solvents is $4,000.
Additional revenue from further processing:
$15,000 - $5,000 = $10,000
Net increase:
$10,000 - $6,000 = $4,000
Revenue is the money earned from normal business operating and is calculated by multiplying the average sales price by the number of units sold.
The Net income is calculated by deducting costs from revenue . On the income statement, revenue is also known as a sales. Operating income is a company's adjusted revenue after deducting all operating expenses and depreciation. The costs incurred in order to keep the business running are referred to as the operating expenses.
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In one paragraph, describe how the change may specifically address the distribution of products to your persona.
Change may address the distribution of products to your personelle through storefront locations or through online channels.
What is distribution channel?Distribution channel simply refers to a chain of businesses or intermediaries through which the final buyer purchases a good or service.
However, some members of the distribution channel are as follows:
WholesalersRetailersDistributorsSo therefore, change may address the distribution of products to your personelle through storefront locations or online channels.
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Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a?
Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a Premarket Notification.
Device manufacturers who are required to register are required by Section 510(k) of the Food, Drug and Cosmetic Act to give FDA at least 90 days' notice of their intention to commercialize a medical device.
Premarket Notification, often known as PMN or 510, is what this is (k). This enables FDA to decide whether the device is comparable to a device that has already been classified into one of the three categories.
Thus, "new" devices that weren't classified and weren't in commercial distribution before May 28, 1976, can be appropriately identified.
Manufacturers of medical devices must file a premarket notification, specifically, if they plan to release a new device into commercial distribution or rerelease an older product with significant changes.
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Contribution margin ______.
i. equals sales
ii. minus fixed expenses
iii. covers fixed cost and profit is first used to cover variable expenses
Contribution margin covers fixed cost and profit is first used to cover variable expenses.
The contribution margin refers to sales revenue minus variable expenses. So if the sales revenue doubles, it will lead to the increase in variable costs. Contribution margin shows the aggregate amount of revenue which is available after variable costs, to cover fixed expenses and provide profit to a business.
The amount of money a business has to cover its fixed costs and contribute to net profit or loss after paying variable costs is known as contribution margin. Thus, it also measures whether a product is generating enough revenue to pay for fixed costs and determines the profit generated by it.
Hence, option C is correct.
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Steve Nowicki owns Food Monster, a grocery store chain. One of his employees threw away a banana peel but missed the trash can. As the employee was walking away, he heard a scream and a crash. A customer had slipped on the banana peel, suffering severe injuries to his knee and elbow. The injured customer decided to sue Food Monster. Although Nowicki's employee didn't mean for any of this to happen, the judge ruled that Food Monster had committed negligence, or an unintentional act that resulted in injury. This situation is an example of ________, or a civil wrongful act that resulted in injury to people or property.
This situation is an example of an accident, or a civil wrongful act that resulted in injury to people or property. Any action, omission, or false statement that violates law, particularly civil law, is referred to as a "wrongful act."
Unless it is done in the exercise of an equal or greater right, a wrongdoing violates rights of another to that people's detriment. Wrongful act can be illegal, immoral, antisocial activities that lead to civil lawsuit. They can also be errors, omissions, or breaches of duty by an officer or director of firm that lead to lawsuit against the company.
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Which general staff member directs all responses and tactical actions to achieve the incident?.
The Operations Section Chief directs all responses and tactical actions to achieve the incident objectives.
What is Operations Section Chief ?The Operations Section Chief, a member of the General Staff, is in charge of all operations directly related to the core mission. The Operations Section Chief initiates, supervises, and leads the execution of organizational elements in accordance with the Incident Action Plan.
The Operations Section Chief directs tactical incident activities to achieve incident objectives and oversees the implementation of the Incident Action Plan (IAP). 1. This role can be ordered as a stand-alone resource or as part of a National Incident Management System (NIMS) team (Incident Management Team).
The OSC1 works in the Operations functional area and reports to the Incident Commander (IC). The OSC1 performs duties corresponding with the Type 1 incident complexity and characteristics outlined in the Interagency Standards for Fire and Firefighting.
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Management: Who manages the company? : Is the manager(s) actively involved in the decisions of the business at Woolworths? : Will the managers be able to make informed decisions at Woolworths? What form of capital will be obtained at Woolworths? : What amount of capital could be raised at Woolworths? : Can the business raise extra capital for expansion at Woolworths? : Who will be taxed at Woolworths? What is the tax rate at Woolworths? : How does the tax rate compare with other forms of ownership at Woolworths?
This is a Research Response Assignment. The focus on "Management" using Woolworths as a case study.
Who manages the company?
The Group CEO of Woolworths is Roy Bagattini. He also doubles as one of the Executive Directors.
The CEOs of all the subsidiaries report to him. Some of the subsidiary CEOs are:
Zyda Rylands - CEO - Woolworths FoodRaju Vuppalapati - CEO - The Country Road GroupManie Maritz - CEO - Fashion Beauty and Home.Is the manager(s) actively involved in the decisions of the business at Woolworths?In Woolworths, line managers are responsible for the daily activities and decisions. The all report to the CEO. The CEO's report to the Group CEO and the Group CEO to the Board of Governors.
Will the managers be able to make informed decisions at Woolworths?Yes Managers in Woolworths are able to make informed decisions at Woolworths.
What form of capital will be obtained at Woolworths? What form of capital will be obtained at Woolworths? What amount of capital could be raised at Woolworths?The capital that will be obtained at Woolworths is subject to the finance requirement of the company.
Over the course of one round, Woolworths raised a total of ZAR500M in fundraising. On December 30, 2015, the above Venture - Series investment was raised.
It is also important to note that The Woolworths company reported total food sales of 44.44 billion Australian dollars for the Australian financial year 2021. This is a rise from the prior year and continues the rising trend that began in 2016.
Can the business raise extra capital for expansion at Woolworths?If there was a requirement for it, the company will certainly raise the required funds. As indicated above, their financial are suggestive of a growing and expanding company. Their financial status is indicative of strong financial health.
Who will be taxed at Woolworths?The tax rate applicable on sales items at Woolworths is always subject to the prevailing tax rate of the country in which their operation is domiciled.
The Value Added Tax will be paid by buyers of Woolworths goods, Personal Income Tax by it's staff and Company Income Tax by the company.
What is the tax rate at Woolworths?The tax rate for Woolworths Group is calculated to be 27.33 percent for the fiscal year that ended in June 2021.
How does the tax rate compare with other forms of ownership at Woolworths?The rates is relatively fair when compared with other forms of ownership at Woolworths.
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When filing your tax return, what is the maximum amount you can deduct for a capital loss?.
When filing your tax return, the maximum amount you can deduct for a capital loss is $3,000(for individuals and married filing jointly) or $1,500 (for married filing separately).
What is a tax return?A tax return is such or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.
Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Some characteristics is of tax returns are-
For just an individual or corporation having reportable income, such as wages, interests, dividends, capital appreciation, or other earnings, tax returns must typically be filed annually.The tax return is just a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data.Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.Tax returns must typically be filed yearly.To know more about tax returns, here
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When a business faces a ________ demand curve, it will choose a combination of quantity and ________ to maximize its profit.
In a monopolistically competitive industry, when a business faces a downward-sloping demand curve, it will choose a combination of quantity and price to maximize its profit.
What is a monopolistically competitive industry?A monopoly is a firm that is distinguished by a lack of competition in a market and the absence of substitutes for its product. Monopolies can impose price increases and create barriers to entry into the market.When several companies offer competing products or services that are similar but not perfect alternatives, monopolistic competition develops. In a monopolistic competitive industry, the barriers to entry are low, and the decisions of any one firm have no direct impact on its competitors.When a business encounters a downward-sloping demand curve in a monopolistically competitive industry, it will choose a mix of quantity and price to optimize its profit.Therefore, in a monopolistically competitive industry, when a business faces a downward-sloping demand curve, it will choose a combination of quantity and price to maximize its profit.
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The complete question is given below:
In a monopolistically competitive industry, when a business faces a ________ demand curve, it will choose a combination of quantity and ________ to maximize its profit.
The relative desirability of real estate as compared to other goods and services increases when?
The relative desirability of real estate as compared to other goods and services increases when long-term interest rates are declining.
The principle of change acknowledges the dynamic nature of real estate markets. In real estate, the change influences not best individual properties, but also neighborhoods, groups, and areas. The consequences of prospective trade are contemplated in the market. alternate is basically the law of motive and impact.
Real estate is actual assets that includes land and enhancements, which consist of homes, furnishings, roads, systems, and utility systems. belongings rights deliver a identify of possession to the land, enhancements, and herbal resources which include minerals, plants, animals, water, and so on.
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A person suffering from ________ can see distant objects more clearly than those that are close. color blindness hyperopia myopia cataracts vertigo
A person suffering from Farsightedness (hyperopia) can see distant objects more clearly than those that are close. color blindness hyperopia myopia cataracts vertigo.
Farsightedness (hyperopia) is a commonplace imaginative and prescient situation wherein you may see distant objects definitely, however gadgets nearby may be blurry. The degree of your farsightedness influences your focusing ability.
Farsightedness occurs when your eyeball grows too quickly from the front to return, or whilst there are troubles with the shape of your cornea clean the front layer of the attention or lens, an inner part of the attention that enables the attention focus.
Common symptoms of hyperopia encompass problems concentrating and retaining a clear consciousness on near objects, eye stress, fatigue and/or complications after near work, aching or burning eyes, and irritability or anxiousness after sustained awareness.
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name an internal data source that can be used for planning
Answer:
Sales. Internal data in the sales department include revenue, profits, and bottom line. ...
Finance. ...
Marketing. ...
Human Resource.
In comparing money to a share of microsoft stock held by an individual, we can say:_______.
In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.
In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.
As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.
Hence, money is a means of payment, but together with money, stocks can also be stores of value.
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______ risk is reduced as more securities are added to the portfolio. multiple select question. unique idiosyncratic systematic market unsystematic
Diversifiable unique unsystematic risk is reduced as more securities are added to the portfolio.
A portfolio is a collection of financial investments such as stocks, bonds, commodities, cash and cash equivalents, including closed-end funds and exchange-traded funds (ETFs). Stocks, bonds and cash are generally considered to be the core of a portfolio.
Portfolio definition is a loose sheet or flat case used to carry an investment combination or a sample of a finished work. An example of a portfolio is a briefcase. An example of a portfolio is a person's various investments. An example of a portfolio is an exhibition of an artist's previous work.
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Non-profit organizations are not affected by the behavior of their funding organizations as long as they continue to receive the money they need to continue their operations.
a. True
b. False
This is false statement that Non-profit organizations are not affected by the behavior of their funding organizations as long as they continue to receive the money they need to continue their operations.
What are Non profit organizations?A nonprofit organization (NPO), often referred to as a non-business organization, not-for-profit organization, or nonprofit institutions, is a legal body set up and run for the benefit of the general public, the community, or other non-owners. This is in contrast to an entity that works as a company and seeks to make a profit.
The non-distribution constraint applies to organizations, which implies that any cash inflows must be used to further their purpose instead of being transferred to those other parties. Many organizations, including some political ones, educational institutions, professional associations, religious institutions, clubs, and consumer cooperative, are nonprofit. Government permission is needed for charitable organizations to be tax-exempt, however some may also be qualified for tax-deductible donations. However, a group can organize as a nonprofit if it does not obtain tax-exempt status.
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You are attending an event at CSUSB and the CEO of a local company has overheard you talking to a friend about an awesome lecture you attended on organizational culture. He interrupts you and asks for your advice on how to change his organizational culture from a heavy reliance on rules and compliance to one that values change and innovation. What mechanisms would you recommend to change organizational culture
The mechanisms that would be recommended to change organizational culture include the reward system, selection, and role modelling by leaders.
What is an organizational culture?Organizational culture is the collection of values, expectations, and practices that guide and inform the actions of all team members. Think of it as the collection of traits that make your company what is.
The organizational culture relates to the structure of an organization such as a company or non-profit and the values, sociology, and psychology of that organization. Some examples of organizational culture include philosophy, values, expectations, and experiences.
In this case, the mechanisms that would be recommended to change organizational culture include the reward system, selection, and role modelling by leaders.
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Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded increased by 10 percent. We can conclude that?
We can conclude that labor demand is unit elastic.
What is unit elastic demand for labor?The elasticity of demand for labor measures how the quantity of labor demanded when there is a change in the wages of labor. The the elasticity of demad is unit elastic, it means that when the ratio of the percentage change in quantity demanded to the percentage change in wage is 1.
The elasticity of demand for labor = percentage change in quantity of labor demanded / percentage change in wages
10% / 10% = 1
Here are the options:
labor demand is highly elastic.
the coefficient of labor demand elasticity is less than 1.
labor demand is unit-elastic
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Which three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages?
apple
- johnson and johnson
- BMW
- the reason why Walmart isn't is that it purses a low-cost provider strategy three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages
the question is incomplete .please read below to find the missing content.
A plan of action results from a strategy or purpose for achieving a particular goal. A strategy is defined as an action plan. An example of a strategy is a football team that wins using the particular game a coach plays. A carefully crafted plan of action.
Which three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages?
- Apple
-Johnson & Johnson
-Walmart
-BMW
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1 2 3 4 5 6 7 8 9 10 since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. with a better credit rating, they could have gotten the loan at a rate of 8%. if their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? a. $137,532.67 b. $412.79 c. $1,440.06 d. $260.37 please select the best answer from the choices provided a b c d mark this and return
1 2 3 4 5 6 7 8 9 10 since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30-year mortgage. with a better credit rating, they could have gotten the loan at a rate of 8%. if their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy is $412.79.
What do you mean by bankruptcy?By selling assets to pay debts or by coming up with a repayment plan, bankruptcy enables those who are unable to pay their bills to start over. Businesses in financial distress are also protected by bankruptcy rules. The legislation and bankruptcy process are explained in this section.what is a loan?A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities. The recipient, or borrower, incurs a debt and is often responsible for both the main amount borrowed as well as interest payments on the debt until it is repaid.The promissory note used to prove the obligation will typically include information like the principal amount borrowed, the interest rate the lender is charging, and the due date for repayment.Learn more about bankruptcy here:
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