Settling a claim by the debtor offering to pay less than the creditor claims to be owed is an example of an accord and satisfaction. (b) an accord and satisfaction is the correct option.
An accord and satisfaction is a legal contract according to what two parties agree to discharge a infraction claim, contract, or other obligation for an amount build on terms that differ from the initial amount of the contract or claim.
An accord and satisfaction is a new agreement that put up the terms of an subsisting agreement in favor of a new one.
Accord and satisfaction is a idea from contract law that usually petition to the purchase of a release from a debt obligation.
The accord is the agreement on the new terms of the contract, and the satisfaction is the presentation of those terms according to the agreement.
The given question is incomplete, the complete question is given below:-
Ques.: Dwane Johnson owes Verizon Wireless $1100. Johnson offers Verizon $500 in lieu of the original $1000 debt and Verizon accepts. Settling a claim by the debtor offering to pay less than the creditor claims to be owed is an example of
A. Fraudulent Misrepresentation
B. an accord and satisfaction.
C. Promissory estoppel.
D. a release.
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the practice of applying agile methods on larger projects in which several teams are working on different features at the same time is known as
Agile methodologies can be applied to larger projects where multiple teams are concurrently working on various elements. Staging describes this. A sprint burndown chart is used to track advancement toward project completion.
What are Agile methodologies?
In order to manage a project, the Agile methodology separates it into several phases. Continuous cooperation with stakeholders and improvement at every stage is necessary. Teams cycle through a process of planning, carrying out, and assessing once the job starts. Coworkers and subcontractors must constantly work together. It is a project management approach that calls for constant communication and iterative improvement.
The foundation of managing projects is the notion that a product may be continuously improved upon throughout its project lifecycle with modifications being made quickly and effectively. Because of its scalability flexibility, and focus on customer feedback, agile management of projects is one of the most popular techniques.
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for a demand of 2000, what order quantity will result in a breakeven profit? what will happen to the profit if more than this quantity is ordered? hint: use goal seek
If more than this quantity is ordered, the profit will increase.
To answer this question, we need to use the goal seek function in Excel. The goal seeks function allows us to determine the order quantity that will result in a breakeven profit. To do this, we set our goal as “0” (for breakeven) and then input our demand of 2000. The goal seeks function will then calculate the order quantity that will result in a breakeven profit.
If more than this quantity is ordered, the profit will increase. The increase in profit will be proportional to the increase in order quantity.
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andy noticed that the status report seemed to be missing a section. it did not describe what the team will accomplish between now and the next report. based on andy's observation, the status report is missing the section.
ANSWER: Based on Andy's observation, the status report is missing the risk management section.
WHAT IS RISK MANAGEMENT?Identification, assessment, and prioritization of risks—defined by ISO 31000 as the impact of uncertainty on objectives—is the first step in risk management. The next step is the coordinated and cost-effective application of resources in an effort to reduce the likelihood or impact of unfortunate events or to maximize the realization of opportunities.
Risks can originate from a number of different things, such as unpredictability in global markets, threats from project failures (at any stage of design, development, production, or sustaining of life cycles), legal liabilities, credit risk, accidents, natural disasters, enemy attack, or events with unknown or unpredictable root causes.
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accountants include costs as part of a firm's costs, while economists include costs. question content area bottom part 1 a. explicit and implicit; implicit b. explicit; explicit and implicit c. implicit; no implicit d. explicit; no explicit
Accountants include costs as part of a firm's costs, while economists include costs, the correct answer will be, "Explicit, explicit and implicit."
Accounting costs are expenses that often involve payments for things like rent, salaries, the cost of goods, etc. The economic cost, on the other hand, is a cost that includes both explicit and implicit costs. Typically, the opportunity cost is the implicit cost.
A cost that exists without the exchange of money and is not documented for accounting purposes is referred to as an implicit cost. Implicit costs don't indicate a loss of profit; instead, they represent the loss of income.
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All else equal, a nonqualified deferred compensation plan is preferable from a tax perspective when the employee anticipates that her marginal tax rate will be higher when she receives the deferred compensation than when she defers receiving the compensation. True/False
False. When an employee believes that her marginal tax rate will be greater when she receives the deferred pay than when she defers receiving it, a nonqualified deferred remuneration is desirable from a tax standpoint.
Corporate leaders can delay a substantially bigger amount of their pay under NQDC schemes, as well as the associated taxes until the deferred is paid. Only if you have exhausted all of your qualifying plan choices should you think about contributing to a corporate NQDC plan.
A nonqualified deferred compensation package is a sort of retirement arrangement that enables a restricted group of highly compensated workers to benefit from tax advantages by delaying a higher proportion of their pay than is permitted under an IRS-approved qualified retirement arrangement.
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if the inflation rate is zero, then the nominal and real interest rate are the same. a. true b. false
True, if inflation is zero, the nominal and real interest rates are equal. This is because the nominal interest rate is equal to the real interest rate plus the inflation rate.
In the field of economics, inflation is characterized as a rise in the average cost of goods and services throughout a country. When the general price level rises, each unit of currency buys fewer goods and services; thus, inflation corresponds to a loss of money's purchasing power.
Economists have identified several possible causes of inflation, ranging from rising wages to increased aggregate demand to an increase in the money supply.
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you're working with a beverage client on a new campaign. after reviewing a report in campaign manager 360, you notice that the default ads are running more often than the new campaign-assigned ads. what could be the cause of this issue?
You used targeting based on geography, language, and technology. Three separate pieces of creative were featured for this campaign. The advertisement's priority was set to "2" so that it would run before the default. The advertisement is expected to appear on many websites and platforms.
For marketers and agencies, there is a web-based ad management solution called Campaign Manager 360. You may manage your digital marketing across websites and mobile devices with its aid.
The tools for ad serving, targeting, verification, and reporting are extensive. They should check the campaign settings in Campaign Manager 360 to determine if their mobile-friendly advertising is enabled.
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Wescott Company has three divisions: A, B, and C. The company has a hurdle rate of 8 percent. Selected operating data for the three divisions are as follows:
Division A Division B Division C
Sales revenue $1,255,000 $920,000 $898,000
Cost of goods sold $776,000 $675,000 $652,000
Miscellaneous operating expenses $64,000 $52,000 $53,100
Interest and taxes $48,000 $41,000 $41,500
Average invested assets $8,300,000 $1,930,000 $3,215,000
Wescott is considering an expansion project in the upcoming year that will cost $5 million and return $450,000 per year. The project would be implemented by only one of the three divisions.
Required:
1. Compute the ROl for each division.
2. Compute the residual income for each division.
The ratio of an investment's annual return to its cost is known as return on investment.Positively, a higher return on investment ratio indicates a profitable investment.
Net operating income equals sales revenue minus cost of goods sold minus other operating expenses. Net operating income equals 415,000.
Net operating income = $1,255,000 -$776,000 - $64,000 = 415,000
The term "return on investment" (ROI) refers to the ratio of an investment's profit to its cost.When expressed as a percentage, an investment with a cost of $100 and a profit of $100 would have an ROI of 1, or 100%.
Is a 30 percent ROI acceptable?
A good ROI of 30 percent may depend on how long your ROI has been at 30 percent in the past.A better investment might have a one-year ROI of 20% as opposed to a three-year ROI of 30%.
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______ is a management approach that seeks to utilize resources as efficiently as possible.
a) Lean
b) Sales and Operations Planning
c) Six Sigma
d) CPFR
e) a and c
Lean and Six Sigma are management approaches aimed at using resources as efficiently as possible. Option E is the correct answer here.
Lean Six Sigma is a management strategy that aims to minimize any inefficient resource consumption as well as manufacturing process flaws in order to enhance worker and business performance.
By identifying and removing flaws, the Six Sigma quality management approach aids companies in improving their existing procedures, goods, or services.
Lean and Six Sigma vary primarily in that Lean frequently affects all aspects of an organization rather than being just focused on production. These two strategies are combined by Lean Six Sigma to produce a potent toolset for dealing with waste reduction.
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assuming the market is arbitrage-free, if a six-month pure discount bond yields 1.8%, a one-year pure discount bond yields 2.3%, an eighteen-month pure discount bond yields 2.69%, and a two-year discount bond yields 3.09%, what should be the price of a two-year $2,000 7% par-value bond with semiannual coupons?
Cash flow total is 935.54
Given that a two-year bond yields 1.8%, the semiannual discount rate should be 2.69%.
The par value here is $1000 after two years.
Coupon rate = 6% annually, or 3% semi-annually, or $30 every six months.
Consequently, the bond's price should then be
Semi-annual
Discounted at 1.525% for periods cashflow
Cashflow:
30 0.985 29.55
30 0.929 27.88
30 0.877 26.30
1030 0.827 851.82
Price: 935.54
Cash flow is the net balance of money coming into and going out of a business at a specific point in time. A firm experiences constant inflows and outflows of cash.
For instance, money leaves the company and moves closer to its suppliers when a retailer buys inventory.
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if he uses the shortest processing time first priority rule to schedule these jobs, what will be the average number of jobs in his shop today?
If he uses the shortest processing time first priority rule to job schedule , what will be the average number of jobs in his shop today is 2.
Explain the importance of shortest processing time?Shortest Processing Time (SPT) The shortest processing time rule arranges jobs in ascending order of processing time. When a machine is freed, the shortest work available at the time begins processing. This algorithm is best for determining the shortest total and weighted completion times. The job that takes the least amount of time to process gets processed first. Work-in-process inventory, average job completion (flow) time, and average job lateness are all reduced by this rule. EDD (earliest due date). When the goal is to reduce job tardiness, this guideline comes in handy. The fastest processing time: Jobs are sequenced in increasing order of processing time in the SPT rule, with the shortest time first and the longest time last.
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morrisey company has two investment opportunities. both investments cost $5,100 and will provide the same total future cash inflows. the cash receipt schedule for each investment is given below: investment i investment ii period 1 $ 1,050 $ 1,050 period 2 1,050 2,060 period 3 2,050 3,070 period 4 4,080 2,050 total $ 8,230 $ 8,230 what is the net present value of investment ii assuming an 10% minimum rate of return? (pv of $1 and pva of $1)
The net present value of investment ii assuming an 10% minimum rate of return will be $9201.
How is the net present value of an investment determined?NPV is calculated as Cash flow / I + t) - initial investment.
NPV = Today's value of the invested funds minus the projected cash flows.
ROI is calculated as follows: Total Costs / Total Benefits.
NPV=CF11+I+CF2(1+I)2+CF3(1+I)3+CF4(1+I)4−Initial investment NPV=$1,0001 + 8% + $2,000(1+8%)2 + $3,000(1+8%)3 + $2,000(1+8%)4 −$5,500
NPV=$9201.
What do you mean by investments?Making an investment entails using money now in the hopes that it will appreciate later. An investment is putting capital to use, such as time, money, effort, etc., with the hope of receiving a larger return than what was initially invested.
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basic principles of sensation and perception objective 1: contrast sensation and perception, and explain the difference between bottom-up and top-down processing.
When sensory receptors pick up on inputs, it causes sensation. The organizing, interpreting, and conscious involvement of those sensations are all parts of the perception.
What is perception?It takes organization, recognition, and interpretation of sensory data to represent and comprehend information or environment that is being presented. All perceptions entail neural system impulses that flow through them, which come from chemical or physical activation of sensory system. Smell is communicated by the odor molecules, hearing is transmitted by pressure waves, and vision is mediated by light striking retina of eye. In addition to recipient's learning, memory, expectancy, and attention, perception is active interpretation of these signals. The process of sensory intake raises the level of this low-level information to that of higher level information (e.g., extracts shapes for object recognition). The subsequent procedure links a person's concepts, expectations, and knowledge to the restorative and selective mechanisms that affect perception.
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after the compliance officer for xyz internal medial group identifies a provider as an outlier or different vulnerabilities are identified with risk ratings, what is an important next step? a. perform an audit and a peer review. b. provide training and develop a corrective action plan. c. perform an audit and implement disciplinary actions. d. perform an audit and develop a corrective action plan.
The development of an audit and corrective action plan is a crucial next step once Carol, the compliance officer at XYZ Internal Medical Group, recognizes a provider as an outlier or after various vulnerabilities are found with risk ratings.
Are third party healthcare organizations, such billing offices, have to follow the OIG criteria for a compliance program?Every provider who works with Medicare, Medicaid, or both is subject to mandatory compliance obligations from the OIG and other organizations, in addition to an ACA requirement for a comprehensive compliance plan. The AdvantEdge compliance plan is based on the OIG Compliance Program Guidance for Third-Party Medical Billing Companies.
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how many of the following statements are true if k's analysis involves analyzing publicly available company financial statements, government data, and industry reports and attempting to identify stocks of firms that are undervalued? statement 1: there could be predictable benefits from k's analysis in markets that are not efficient. statement 2: there could be predictable benefits from k's analysis in markets that are weak form efficient. statement 3: there could be predictable benefits from k's analysis in markets that are semi-strong form efficient. statement 4: there could be predictable benefits from k's analysis in markets that are strong form efficient. 1 2 0 3 4
There could be predictable benefits from k's analysis in the markets that are semi-strong form efficient is true if k's analysis involves analyzing publicly available company financial statements and attempting to identify stocks of the firms that are undervalued.
What are financial statements?Financial statements are the official records of company, an individual, or the another entity's financial transactions and standing. These statements may be complicated for large firms and may include a substantial number of management discussion and analysis notes in addition to the financial statements' extensive footnotes. Each line item on the cash flow statement, income statement, and balance sheet is usually further explained in the notes. Financial statements are thought to be incomplete without the notes that accompany them. Those requesting financial aid or a personal loan may be asked to submit personal financial statements. A personal financial statement typically consists of one form that is used to disclose both personal sources of income and expenses as well as personally owned assets and liabilities (debts).
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the increase in the number of car manufacturers outside of the u.s. has increased the competition against u.s. car manufacturers. what effect does this have on production costs and union wages?
The increase in the number of car manufacturers outside of the USA has increased the competition against USA car manufacturers has led to decrease production costs and union wages.
Production cost- Production costs include all direct and indirect costs incurred by businesses when producing a product or providing a service. Labor, raw materials, consumable manufacturing supplies, and general overhead are all examples of production costs.
Manufacturing costs are the total of all resources used in the production of a product. Direct materials cost, direct labor cost, and manufacturing overhead are the three categories of manufacturing costs. It contributes to the overall delivery cost.
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in the process of implementing the balanced scorecard approach at his company, operations manager stone wonders whether internal activities and processes add value for customers and shareholders. this involves which dimension of the balanced scorecard?
This involves internal business processes dimension of the balanced scorecard.
An internal business is a style of business method that organizations perform while not the influence or involvement of external business partners. Internal processes are a facet of the balanced card methodology, that could be a performance metric a company will use to spot areas which will would like improvement.
A shareholder of a corporation is a private or legal entity that's registered by the corporation because the legal owner of shares of the share capital of a public or corp. Shareholders could also be remarked as members of a company.
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suppose the real gross domestic product (gdp) equals $100 billion this year and the nominal gross domestic product (gdp) is $200 billion. this implies that the price level has increased by compared to the base year
This implies that the price level has increased by 100% compared to the base year
The GDP price index is determined by dividing Nominal GDP by Real GDP and then multiplying the answer by 100.
GDP price index = 200/ 100
= 2 x 100
= 200
The base year is 100, so the price level increased by 100%
Like the CPI, the GDP price index tracks changes in prices for consumer products and services as well as for goods and services bought by corporations, governments, and foreigners.
Real GDP is a metric that takes inflation into account and examines the rate at which all goods and services are produced in a nation for a specific year. It is referred to as a fixed cost price and is indicated in foundation year prices. It is also referred to as GDP at constant prices or GDP adjusted for inflation.
When we talk about the nominal gross domestic product, we're talking about GDP calculated using today's market values. GDP measures the monetary worth of all the goods and services a nation produces. The difference between nominal and real GDP is that the former excludes changes in prices brought on by inflation.
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nterest is $405 on a principal balance of $5,000; assuming a 7 month loan, what is the rate? round to the nearest cent or hundredth percent as needed.
We know that interest equals principal multiplied by time multiplied by rate.
405 = 5000 *7/12 * rate
405 * 12/5000 * 7 = interest rate
The interest rate is 13.886%.
What does interest rate mean?It is the annual rate charged for borrowing (or made by investing), expressed as a single percentage number that indicates the actual yearly cost of funds over the loan's term. We may calculate the interest rate using the interest rate formula, which is the percentage of the principle amount charged by the lender or bank to the borrower for the use of its assets or money for a specified time period. Interest Rate = (Simple Interest 100)/(Principal Time) is the interest rate formula. A $100 loan at a nominal interest rate of 6%, for example, would accrue $6 in interest ($100 X 0.06). If the loan was increased to $1,000, the borrower would still pay 6%.
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Renata is purchasing a condominium for $ 125,000. She wants to put down a down payment of 20%. Select all the true statements.
Renata is purchasing a condominium for $125,000. The down payment is 20%. The true statement is:
The down payment is $25,000
The down payment is the portion of the purchase price necessary to secure the transaction.
The down payment is an upfront expense that the buyer must pay in cash before being approved for long-term finance (loan or mortgage).
A down payment is intended to reassure the lender of the borrower's ability to repay the loan.
In the given problem, the cost for the condominium is $125,000. The down payment is 20%.
Hence,
Down payment amount = 20% x $125,000
Down payment amount = $25,000
Your question is incomplete but most probably your question was:
Renata is purchasing a condominium for $125,000. The down payment is 20%. The true statement is:
The down payment is $125,000
The down payment is $25,000
The down payment is $15,000
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bruce, whose primary job is supervising a small production group, is not getting cooperation from all members on the cross-functional team he leads. in particular, selas, a senior marketing manager, seems to resist his direction and tries to influence team members to go in another direction. the source of conflict in this case may be
If Bruce, whose primary job is supervising a small production group, is not getting cooperation from all members on the cross-functional team he leads. The source of conflict in this case may be: A. status differences.
What is status differences?Status differences can be defined as the way in which a person experience inequality as a result of their status. Example of status difference is when a person earn high income and another person earn low income.
This scenario best illustrate status difference because Bruce is not getting cooperation from the member due to his job role which is to supervise a small production group.
Therefore the correct option is A.
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The complete question is;
Bruce, whose primary job is supervising a small production group, is not getting cooperation from all members on the cross-functional team he leads. In particular, Keylani, a senior marketing manager, seems to resist his direction and tries to influence team members to go in another direction. The source of conflict in this case may be
A. status differences.
B. a personality clash.
C. communication failure.
D. time pressure.
E. ambiguous jurisdictions.
when the supplier, not the demander, decides what types and amounts of health care are to be consumed, it is called a case of supplier-induced
According to the supplier-induced demand theory, healthcare practitioners that prioritize their own financial well-being over the interests of their patients produce induced demand.
Why is an issue with supplier-induced demand?If asymmetric information does not exist, the provider can utilize better information to persuade a person to purchase more of the item or service they offer than the Pareto efficient level. This causes a loss to welfare.
What is the fundamental tenet of the Sid hypothesis on supplier-induced demand?Supplier-induced demand (SID) in the context of healthcare refers to the idea wherein doctors control their patients' demand for medical services to boost the use of healthcare.
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which of the following groups or organizations can initiate oversight of executive branch bureaucracy?
The Congressional Budget Office is the organization that can initiate oversight of the executive branch's bureaucracy.
A government organization inside the US Congress, the Congressional Fiscal Office supplies Congress with a budget and economic data. In relation to government economic and financial choices, the Congressional Budget Office (CBO) offers Congress fast, unbiased, objective information, analysis, and projections.
The President submits the budget to Congress by the first Monday of February each year. The budget provides estimates of federal revenues and expenditures for the next fiscal year and recommends federal funding levels.
The bureaucracy is the heart and soul of government administration. Policies approved by key decision-makers are interpreted and enforced by law enforcement agencies and departments.
Complete question:
Which of the following groups or organizations can initiate oversight of executive branch bureaucracy?
a. Congressional Budget Office
b. congressional committees
c. individual members of Congress
d. private citizens
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a (fill in the blank) offers a huge selection of one type of product (such as books, toys, or sporting goods) to dominate that category of goods
For the purpose of monopolizing a particular product category (such as books, toys, or athletic goods), a category killer store offers a wide assortment of just one type of product.
Why do you refer to a product?An item or service that you offer to fulfill a customer's need or desire is referred to as a product. Both real and virtual ones are possible. Physical objects come in two varieties: nondurable products and durable things, such as computers, furniture, and automobiles (like food and beverages).
What characteristics distinguish a quality product?Effective marketing with a distinct value proposition is used to promote good products. We are all aware of the importance of effective marketing for a product's success. A value proposition, yet, what is it exactly? The promise made by a business to provide value in exchange for customers sticking with its product is known as a value proposition.
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FILL IN THE BLANK. Discount, off-price and convenience stores typically used ______ service to create a consistent experience for customers while minimizing costs.
Off-price retailers are outlets who supply high great items at low priced prices. They normally promote second-hand goods, off-the-season items etc.
Description: These retailers offer inconsistent assortment of brand identify and fashion-oriented smooth items at low prices.
In what way do retailers offer convenience to consumers?Obtaining the Product. Possession comfort is the velocity and ease with which buyers can acquire preferred products. It exists when the merchandise is in-stock and available on a well timed basis. Merchandise availability effects from a retailer's strong in-stock position, well timed production, or timely delivery
Ross Stores (Ross Dress for Less), T.J. Maxx (USA), T.K. Maxx (UK, Germany, Australia), and Burlington are examples of unbiased off-price retailers. Ross Dress for Less® is an off-price retailer with 1,480 places in the United States.
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https://brainly.com/question/21840083#SPJ4if $1,068,000 of 10% bonds are issued at 102 1/2, what is the amount of cash received from the sale? select the correct answer. $801,000 $1,094,700 $1,068,000 $1,174,800
On the sale, $1,020,000 in cash was obtained.
How much money have your clients paid you in total?The sums of money (cash) that you get from your clients are known as cash receipts. These increase the amount of cash that is reported on the balance sheet of an organization. Their production may come through sales or collects.
How do you keep track of money you receive?A visual representation of the amount of money from the sale
You can record the money in your books because you already received it at the moment of sale. Once more, you must enter a debit in your diary for cash receipts and a credit in your journal for sales. Register a $250 debit in your sales record and a $250 credit for cash receipts.
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the use of specialty catalogs from firms such as ikea, crate and barrel, and l.l. bean have been affected by all of these factors except which?
the use of specialty catalogs from firms such as ikea, crate and barrel, and l.l. bean have been affected by, The growing influence of television home shopping.
What precisely is Growing Influence?
Emily is a 30-year-old professional with a young family and high aspirations. She is having an impact in her role as manager at a tech company, but after being passed over for several promotions, she is unsure of how to get better. A kindly—and surprisingly direct—older man in a coffee shop appears to her as fate's response. David, a former respected CEO, has extensive experience in leadership. David is the ideal guide for Emily because she needs direction.
Growing Influence provides readers with both useful guidance on how to hone leadership abilities and a relatable account of one woman's development as a result of putting the book's principles into practice.
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the cost of depleted inventory for a cocktail is $0.74 and the selling price is $3.75. what is the pour cost percentage?
If the cost of depleted inventory for a cocktail is $0.74 and the selling price is $3.75 the pour cost percentage will be 19.7%
Depletion is an accrual accounting method for allocating the cost of obtaining natural resources from the earth, including lumber, minerals, and oil. In business inventory depletion is a non-cash expense, similar to depreciation and amortization, that gradually reduces an asset's cost value through regular charges to income.
The pour cost of a bar is the ratio of the price of the beverages to the money the bar makes from selling them. It is a means to calculate the bar's gross profit margin on its merchandise.
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what type of information would be shared during the effort reporting component of the kickoff meeting? a.) decide when project team meetings would occur and who would be involved b.) prepare copies of the scope, governance, and schedule for team members to review c.) create a raci to share with each team member d.) detail how team members should alert the project manager when hours needed to complete tasks go beyond estimates
Answer: D - Detail how team members should alert the project manager when hours needed to complete tasks go beyond estimates
Explanation: During effort reporting, all team members should report on their actual time. If more time is needed than estimated, the program manager should be notified.
Statement of work, project scope, timeline, and deliverables This is one of the most important aspects that will be discussed during the project kick-off meeting.It establishes the project's scope and confirms whether or not everyone is on the same page.
When and where does the project kickoff meeting take place, and what is its purpose?
The project manager, the client, and the team all meet for the first time at the kickoff meeting.The team is introduced to the project's goals and client requirements during the kickoff meeting.The meeting is typically hosted by the project manager.
Establish a schedule, communicate it to your attendees, and then stick to it.Without getting too specific, talk about the fundamental roles and responsibilities. Give an overview of how you'll complete the work, including any tools or platforms you'll be using.Perform a quick timeline and other important dates.
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when developing a risk response plan event managers should address all of the following questions except: group of answer choices who will be responsible for monitoring the risk and implementing the response? will the risk be an absolute or speculative risk? where does the risk fit into the overall plans and what is its effect on other risks? what is the definition of the risk, its priority, and what corrective action is to be taken?
When developing a risk response plan event managers should address all of the following questions except will the risk be an absolute or speculative risk?
Risk management entails the identification, assessment, and prioritization of risks in order to minimize, monitor, and control the possibility or impact of unpleasant events or to maximize the realization of possibilities. The efficient and well-planned use of resources comes next.
Risk management is the act of identifying, evaluating, and controlling the monetary, legal, strategic, and security threats to an organization's assets and earnings.
Locating, monitoring, and controlling potential risks is the act of reducing any harm they might do to an organization. System malfunctions, data loss, cyberattacks, security flaws, and natural calamities are a few examples of potential dangers.
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