Add taxes and contingencies.By including taxes and contingencies, you ensure that the project does not go over budget and that your estimate is closer to the actual costs you will ultimately incur.
Project management experts recommend adding 10% of the total if you are unsure how much contingency to include.
In project management, what exactly is project budgeting?
Estimating the total cost of a project from beginning to end is known as project budgeting.Teams take into account the cost of completing each stage of a project, the approximate amount of time it will take to complete, and any potential obstacles that could impede progress when determining a project's budget.
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entrepreneurship combines the creativity, business smarts, passion, and work of the traditional entrepreneur with a social mission. a.nascent b.contemporary c.conventional d.social e.modern-day
Entrepreneurship combines the creativity, business smarts, passion, and work of the traditional entrepreneur with a social mission. Thus, option A is correct.
The aptitude and preparedness to create, plan, and manage a commercial enterprise—along with all of its uncertainties—in order to turn a profit is what is meant by entrepreneurship. The creation of new firms is the most visible illustration of entrepreneurship.
In terms of economics, entrepreneurship including land, labor, raw materials, and capital may be profitable. The entrepreneurial vision is characterized by exploration and taking risks, and it is a crucial component of a country's ability to prevail in a world market that is always evolving and becoming more competitive.
A person who possesses the aptitude and motivation to launch, manage, and be successful in a startup enterprise, coupled with the risk necessary to do so, is referred to as an entrepreneur. The launch of a new company endeavor is the finest illustration of entrepreneurship.
Therefore, option A is the ideal selection.
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ultimate sportswear has $140,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. ultimate sportswear also has $540,000 of common stock outstanding. in the company's first year of operation, no dividends were paid. during the second year, the company paid cash dividends of $34,000. this dividend should be distributed as follows:
The company paid cash dividends of $34,000. this dividend should be distributed as $8000 is the preferred dividend.
Dividend on common stock = $22,000
The dividend computation is displayed below:
- Preferred dividend: $100,000 x 0.08 = $8,000 Total shares x Total Shares of Noncumulative, Nonparticipating, Preferred Stock Outstanding
Dividend on common stock equals Cash Dividend - Preferred Dividend, or $30k - $8k - $2k.
Consequently, the common stock dividend is $22,000 and the preferred dividend is $8,000.The total cash dividends are stated as being equal to $40,00.
Due to the preferred stock being granted, the preferred stock receives the cash dividends first.
The issued preferred shares, worth $200,000, was priced at 8%.
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if the federal government were to mandate a nationwideexpansion of unemployment benefits what would the primary source of funding be
If the federal government were to mandate a nationwide expansion of unemployment benefits the primary source of funding will be federal government.
What are the unemployment benefits?Unemployment benefits can be described as the benefits that helps to give temporary income when you lose your job through no fault of your own.
It should be noted that themoney partly replaces the lost earnings and helps individuals to pay expenses while looking for new work however the benefits, from taxes former employer(s) paid, are not based on financial need.
In conclusion, the funding of the benenefits can be attributed to the Federal Government which is composed of three distinct branches and their powers are vested by the U.S. Constitution in the Congress which is been controlled by the President.
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as economic actors we attempt to consume a bundle of goods that will maximize our utility, subject to (mark all that apply).
As economic actors we attempt to consume a bundle of goods that will maximize our utility, subject to time constraints income .
Economic actors are grouped into 3 categories, particularly individuals/households, companies, and the kingdom. among those actors handiest monetized transactions are taken into consideration.
Like companies and families, the government is an financial actor. Its taxes, spending, laws, wars, and other sports are as a great deal part of financial life because the investment, financial savings, buying, and promoting sports of families and corporations.
An entrepreneur is an financial agent who unites all means of production—land of one, the labour of some other and the capital of yet another—and as a result produces a product.
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if the annual dividend on preferred stock is 50400 what is the dividend rate on preferred stock quizklet
Dividend shares=[tex]$100800[/tex]
Dividend shares =dividend rate*preferred stock
if dividend rate=2%
Dividend shares=2%*50400=$100800
Stocks of companies that regularly distribute to their owners, typically in the form of cash payments, are known as dividend stocks. The finest dividend stocks can be fantastic strategies to build long-term wealth in addition to being valuable sources of income. The Distribution of Dividends. A dividend is when a class of shareholders receives a portion of a company's earnings. Typically, dividends are paid in the form of dividend checks. They might, though, also receive payment in more equity shares.
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ncos/pos across all services and domains are accountable for their personal actions, as well as for the actions of their subordinates. they are charged with responsibilities and authorities to maintain good order and discipline at all times.
Noncommissioned Officers (NCOs) are in charge of communication between soldiers, units, and officers. They uphold and enforce established standards, support and implement policies established by the chain of command, and must be aware of what is going on in the lives of their soldiers.
Noncommissioned Officers (NCOs) are also in charge of the maintenance, accountability, and readiness of their unit's equipment, which is critical to the unit's proper functioning and success.
Noncommissioned Officers (NCOs) and Petty Officers (POs) dual roles are best described as "complement the officer, enable the force." The NCO/performance PO's of both is more art than science.
The combined capacity of the NCO/PO ranks, from junior to senior, forms a distinct and invaluable leadership cadre that strikes an artful balance between mission and people. NCOs/POs have professional qualities, competencies, and characteristics that complement and enable the officer corps and the enlisted force. They are trusted and empowered leaders in the Profession of Arms—the Armed Forces' backbone.
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which of the following nontaxable fringe benefits have a maximum dollar amount that is not subject to tax? (check all that apply.)
Employee educational assistance, qualified transportation fringe benefits, and dependent care benefits nontaxable fringe benefits have a maximum dollar amount that is not subject to tax.
What fringe benefits are not taxable?The IRS makes a distinction between three separate categories of non-taxable benefits: those that are entirely tax-free, those that are income tax-free, and those that are tax-free up to a specific threshold. The main categories of fringe benefits that can be excluded from gross income include flexible spending accounts, group term life insurance, education aid plans, no-additional-cost services, qualifying employee discounts, and working condition fringe benefits.
Hence taxable fringe benefits and nontaxable fringe benefits are present. The spending accounts offered by the employer, such as flexible spending accounts for dependent care and medical expenses are not taxable. The payment for parking while at work and using public transportation to go there and back, assistance with adoption, on-site meals, athletic facilities, disability insurance, health insurance, and financial aid for education are all examples of nontaxable fringe benefits.
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when a company's culture is defined and shaped by the people who start it, it is known as founder .
When a company's culture is defined and shaped by the people who start it, it is known as founder imprinting.
According to imprinting theory, an organization is influenced not only by the institutional environment that exists today but also by the institutional, commercial, and technological environments that existed at the time of its founding. These basic elements still have an effect on the operation of the organization and do not disappear on their own.
Workplace behavior is governed by company culture. It's the culmination of all of your official and informal processes, attitudes, and beliefs that work together to give your staff and consumers a positive experience. Company culture is really about how things are done in the office.
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jarad rodriguez deposits $10,000 at 10% compounded semiannually. at the start of year 6, jarad deposits an additional $5,000 that is compounded at the same rate. at the end of 10 years, what is the balance in jarad's account?
If jarad rodriguez deposits $10,000 at 10% compounded semiannually. the balance in jarad's account is $34,677.30.
How to find the balance in jarad account?Number of period = 5 × 2 = 10
Interest rate = 10%/2 = 5% (Semiannually)
Face value after 5 years = 10,000 (1 + 0.05)^10
Face value after 5 years = $16,288.85
After Year 6=$16,288.85 + $5,000
After 6 years = $21,288.85
Face value after 10 years = 21,288.85 (1 + 0.05)^10
Face value after 10 years = $34,677.30
Therefore the balance in jarad's account is $34,677.30.
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a company is releasing a new device that can run games. the company offers many different options for the graphics card used in the device. the motherboard of the device also has a few options.
Virtually all computers, notably desktop and laptop PCs, contain motherboards. They link to chipsets, central processing units (CPU), and memory, among other components. Wi-Fi, Ethernet, and graphics cards with the graphics processing unit, or GPU, are examples of external peripherals.
The primary printed circuit board (PCB) of general-purpose computers and other extensible systems is known as a motherboard. It is also referred to as a mainboard, main circuit board, mother board, backplane board, base board, system board, and logic board. It provides connectors for additional peripherals and retains and enables communication between many of the critical electronic parts of a system, including the memory and central processing unit. In contrast to a backplane, a motherboard frequently houses important sub-systems such the central CPU, input/output and memory controllers for the chipset, interface connectors, and other parts that are integrated for general usage. Specifically, a PCB with expansion capability is referred to as a motherboard. This board, as its name implies, is frequently referred to as the "mother" of all components connected to it, which frequently include daughterboards, interface cards, and peripherals:
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which position describes the anthropologic view of the role of leaders in shaping organizational culture?
The position that describes the anthropologic view of the role of leaders in shaping organizational culture is that Leaders are part of the culture.
What is the anthropological view of culture?Majority of the anthropologists would consider culture as the mutual set of implicit and explicit values, ideas, concepts, and rules of behaviour that permit a social group to perform and perpetuate itself.
Culture is explained in anthropology as the science of human behaviors that are passed down from one generation to another and how they interact.
Therefore, the correct answer is as given above
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major investments in either tangible long-term assets such as land, or intangible assets such as patents are considered to be expenditures. multiple choice question. capital master time value primary
Major investments in either tangible long-term assets such as land, or intangible assets such as patents are considered to be a capital expenditures.
Capital expenditure is a sum of money used to purchase, maintain, modernize, or enhance a fixed firm asset, such as a structure, place of business, or piece of machinery. A capital expenditure is distinct from a regular company expense, which belongs to the operational expense group.
The cash flow from the investment activities section of a company's cash flow statement is where you may see capital expenditure. A capital expenditure may be referred to as capital expenditures, acquisitions of property, plant, and equipment, or acquisition expense, depending on the company and how it is highlighted.
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what is the procedure if an osha inspector finds that the medical assistants in a medical office have not worn gloves for 2 months because the employer did not make them available
A fine of up to $10,000 and as well as the number of employees involved may be imposed.
Who is responsible if a medical assistant commits an error?
If nurses or medical assistants are careless in providing any patient care, they could both be held accountable for medical malpractice. Given that MAs are required to work directly under physician supervision, if an MA is found to have committed malpractice, the supervising physician will probably also be held vicariously accountable.
With the Occupational Safety and Health Act of 1970, Congress established the Occupational Safety and Health Administration (OSHA) to ensure that working conditions are safe and healthy for employees by establishing and enforcing standards as well as by offering outreach, education, and assistance.
Therefore, In addition to the number of employees engaged, a fine of up to $10,000 may be levied.
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Which of the following scenarios regarding damages for a breach of contract is NOT true?Group of answer choicesA plaintiff can never receive consequential damages in a civil lawsuit unless the Plaintiff has lost profits and the judge can reasonably estimate what those lost profits would be.A plaintiff can receive non-monetary damages, such as an injunction, in instances where monetary damages are largely insufficient and when an injunction is necessary to prevent immediate and irreparable harm.A plaintiff can receive punitive damages against a defendant who has breached a contract with malice, or knowledge to a substantial certainty that its breach would harm the plaintiff.A plaintiff must use reasonable efforts under the concept of mitigation to keep its damages as low as possible, which in some cases can include finding alternate buyers or sellers. A plaintiff must also follow these mitigation rules even when the defendant has not acted honestly and is accused of violating the implied covenant of good faith and fair dealing.
The scenarios regarding damager for a beach of contract in NOT true is Even if the defendant has not acted honestly and is accused of breaking the implied covenant of good faith and fair dealing, the plaintiff is still required to follow these mitigation guidelines. Option D is correct
A breach of contract occurs when one party to a legally binding agreement doesn't follow the terms of the agreement.. Both written and spoken contracts are susceptible to violation. A breach of contract can be resolved by negotiations between the parties or in court. When one party doesn't carry out their responsibilities as stated in the contract, there is a breach of the agreement. That may be something trivial, like making a payment a couple of days late, or something more catastrophic.
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when writing a recommendation report using an indirect approach, how should you present the problem or need that your recommendation addresses?
The need or problem that your suggestion addresses. Provide specific examples.
The organizational strategy is indirect when the report's recommendations and conclusions appear?
Indirect:When the report's recommendations and conclusions, if requested, appear at the conclusion, the organizational strategy is indirect.Typically, these reports begin with an introduction or description of the issue, followed by the author's facts and interpretations.They end with ends and proposals.
Is the sender engaging in unethical or ethical indirect communication?
Distributors were informed of the recall via indirect means in a message.Is the sender engaging in unethical or ethical indirect communication?Because the sender is using it to bury information and avoid costly obligations, an indirect approach would be unethical in this scenario.
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Which best describes the attitudes of the republican and democratic party on free trade?.
The phrase "significant internal division within each party on the merits of free trade" best captures how the republican and democratic parties feel about free trade.
What do you mean by free trade?Free trade is the exchange of products and services between nations or subnational areas without the imposition of tariffs, quotas, or other limitations. Under the mostly hypothetical free trade system, governments are not allowed to impose any export or import quota, taxes, levies, or penalties. The total opposite of free markets in this regard is protectionist, a defensive trade strategy meant to fend off potential foreign competition.
What are the two disadvantages of free trade?The drawbacks come in two forms. If they are not put up within the appropriate context of policy, FTAs have the potential to decrease rather than boost economic welfare. They are inadequate tools for pushing trade liberalization in sectors where parties outside of the agreement have a strong say, which is the second disadvantage.
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In September, DK Company sells merchandise to Lions Company on credit. In October, Lions Company pays the balance in full. The entry to record the collection of cash by DK Company in October will include a (debit/credit) to Accounts Receivable.credit
In September, DK Company sells merchandise to Lions Company on credit. In October, Lions Company pays the balance in full. The entry to record the collection of cash by DK Company in October will include a (debit/credit) to Accounts Receivable credit.
The amount that a corporation will receive in the future is called account receivable. Cash is deducted and accounts receivable is credited when the amount is received. Credit for accounts receivable denotes a decrease in the account for accounts receivable.
Therefore, a credit to accounts receivable and a debit to the cash account will both be included in the entry to reflect a cash collection by DK Company in October.
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what tools or ideas are good to track micro-conversions? group of answer choices behavior segments in analytics utm codes in urls. demographics in analytics share of voice goals in analytics
The most popular method for monitoring them is to record the micro conversions in web analytics tools like Analytics. The ability to record micro conversions as goals and events using that tool is provided below.
Micro conversions can also be recorded in testing software like Optimizely, Suspect, or VWO.Micro is the study and analysis of small-scale interactions, including interpersonal conflicts, group dynamics, and individual perceptions.Large-scale social processes are examined and analyzed from a macro analytic point of view. The reason it is called macro is that the word derives from the Greek for huge size. While the word "micro" comes from the Greek for small. Both of these are used to describe the various viewpoints researchers have while examining phenomena of various sizes across a wide range of fields.To know more about micro-conversions
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suppose there is a 3 percent increase in the nominal wages of workers in an economy. the annual rate of inflation in the economy is about 6 percent. which of the following is true?
After analyzing the scenario, the following which is true "Your real wage fell". Thus, option 'A' is the correct option.
What is a real wage?Real wages are salaries that have been increased to account for inflation or salaries that are expressed in terms of how much may be spent on goods and services. In contrast to nominal wages or unadjusted wages, this phrase is used.
Real earnings offer a clearer picture of an individual's pay in terms of what they can afford to buy with those wages - particularly, in terms of the number of goods and services that can be purchased - since they have been adjusted to account for changes in the pricing of goods and services.
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Your complete options probably are:
a. Your real wage fell.
b. Your nominal wage fell.
c. Both your nominal and real wages decreased.
d. Although your nominal wage fell, your real wage increased.
e. Both nominal and real wages increased.
which approach to career management prepares workers for moving through clearly defined career paths? companies using this approach want a stable plan for leadership succession.
Standard approach to career management prepares workers for moving through clearly defined career paths. Companies using this approach want a stable plan for leadership succession.
Career management objectivesFrom the explanation above, you need to know that career management activities have several objectives, including:
To achieve employee and company goals. Proving employee welfare. Assist employees in identifying potential/skills. Establish a close relationship between employees and the company. Evidence for social responsibility. Strengthen the implementation of company goals Career Management BenefitsCareer management process in the company is a very important activity. Because this process will provide several benefits for the company itself, including:
Develop the quality of employee performance and understand the benefits of building partnerships with companies. Increase employee morale for their career application process in an organization or company. Identify employees' skills, interests, and career goals. Broaden the horizons needed to increase employee commitment and satisfaction. Creating and maintaining a learning environment in the company on an ongoing basis. Achieve results from employee performance by providing several facilities to support their work processes.Learn more about career management at https://brainly.com/question/29353006.
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1.you can create a customer master record centrally or in a distributed fashion. what are the reasons that sap offers this option? describe a situation where each option would be appropriate?
In a small business where roles are clearly defined and someone's explicit responsibility is to enter all new client data into the system, I can see one scenario where a master record should be created centrally.
What is SAP?SAP provides this choice so you can arrange records anyway you like in accordance with the requirements of your business. Regardless on how you arrange the records or enter the data, you can either do it centrally, in which case all the data is entered at once, or distributed by department, in which case each department can input the data as they see fit.
By managing the data centrally, storing it centrally will also help to reduce the number of times the very same information is input, preventing inconsistent master data. For instance, if the address of one of your clients changes, you only need to enter this update once, and your sales and accounting departments will always have the most recent data.
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ellie wants to double her savings of $6000 by investing her money for 13 years. what interest rate does she need to look for? give your answer to 1 d.p.
If Ellie wants to double her savings of $6000 by investing her money for 13 years, interest rate would be 7.70%
What is an interest rate?For a loan, deposit, or borrowed amount (also called principal), the interest rate is the amount of interest paid each period. The interest rate is the amount of interest paid each period on amounts lent, deposited, or borrowed. The amount lent or borrowed, the interest rate, the frequency of compounding, and the length of time you lent, deposit, or borrow all affect how much interest you are charged overall.
Thus, The interest rate is determined as A = P (1 + rt)
where:
A = Doubled value after investment
P = Principal
r = rate
t = time
Given:
$12,000 = $6000 (1 + 13r)
t = 13 years
P = $6000
A = $6000×2
= $12000
r = ?
By substituting,
12,000 = 6000( 1+ 13r )
13r = 2-1
r = 1/13
r = 0.0769
Convert to percent = 7.70%
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During the BLANK stage of the product life cycle, sales for the product drop so a company often minimizes promotion.
During the decline stage of the product life cycle, sales for the product drop so a company often minimizes promotion.
What is the product life cycle?
Product life cycle is the length of time between a product's initial introduction to consumers and its removal from the market. Usually, he divides the life cycle of a product into four phases. Introduction, growth, maturity, decline.
Why is the product life cycle important?The product life cycle is an important tool for marketers, managers and designers. It identifies four different product life stages and provides guidance for developing strategies to make the most of these stages to drive your product's overall success in the marketplace.
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if a monopolist is able to increase the amount of product she sells from 400 to 425 units by lowering the price of that product from $40 to $30, her marginal revenue is:
If a monopolist is able to increase the amount of product she sells from 400 to 425 units by lowering the price of that product from $40 to $30, her marginal revenue is:$-55
TR=P*Q
TR(400)=400*50=20000
TR(420)=420*45=18900
MR(n)=(TR(n)-TR(p))/(n-p)
MR(n)= MR of n th unit of output
TR(n)=TR of n units of output
TR(p)=TR of p units of output
it is true for n>p
MR(420)=(18900-20000)/(420-400)
=$-55
Sales is the whole quantity of profits generated through the sale of goods and services related to the primary operations of the enterprise. commercial revenue can also be called sales or as turnover. a few businesses acquire sales from interest, royalties, or other fees.
Revenue definition says that it's miles the overall sum of money obtained from wearing out the enterprise operations inclusive of income.
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a partnership has the following capital balances with partners’ profit and loss percentages indicated parenthetically: lo 14-8 burks (35%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $280,000 donovan (40%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000 watkins (25%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000 ranzilla agrees to pay a total of $245,000 directly to these three partners to acquire a 25 percent ownership interest from each. the partnership will record goodwill based on the new partner’s payment. what is donovan’s capital balance after the transaction?
.
donovan’s capital balance after the transaction is $294,000.
What exactly is capital balance? How are capital balances calculated?Capital Balance refers to the principal balance of a mortgage loan, as of any given date, to which the seller applies the applicable interest rate at which interest on each mortgage loan is applicable. The Closing Working Capital Balance may only be chosen by the Accountants from the amounts provided by Acquiror or Weatherford. The Accountants are not permitted to choose any other sum.
Net Non-Produced Surpluses or Deficits + Non-Financial Assets + Net Capital Transfers equal the balance on the capital account. Net direct investment plus Net portfolio investment plus Asset funding plus Errors and Omissions equals the financial account's balance.
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the typical firm in a monopolistically competitive industry earns zero economic profit in the long run because:
The company sets its price in accordance with its demand curve and produces an output at which marginal revenue equals marginal cost.In monopolistic competition, whether a company enters or exits, it will ultimately result in zero economic profits for the company.
How Does Monopolistic Competition Work?
Monopolistic competition occurs when numerous businesses offer competing products or services that are comparable to one another, if not perfect.In a monopolistic competitive industry, entry barriers are low and a single company's actions do not directly affect its rivals.
Give an example of monopolistic competition.
Beauty products, which have a lot of sellers and sell similar but not identical products, are an example of monopolistic competition. These sellers cannot compete on price because they can charge prices based on the uniqueness of the product they are selling and this business.
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suppose a country can produce a maximum of 12,000 jumbo airliners or 2,000 aircraft carriers. instructions: enter your responses as a whole number. a. what is the opportunity cost of an aircraft carrier?
If a country can produce a maximum of 12,000 jumbo airliners or 2,000 aircraft carriers, then for each aircraft carrier, the country would be forced to give up (Opportunity costs) 6 jumbo airliners (12000/2000).
What is Opportunity Cost?
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another.
Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally. The determination of a company's capital structure involves opportunity cost analysis in a significant way.
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research shows that tall and good-looking employees are more likely to be promoted to managerial positions than their average-looking peers, because they better match people’s prototypical image of a good leader. what might be the mechanism causing such bias? group of answer choices individualized consideration idealized influence inspirational motivation ironic processing implicit leadership theories
Implicit leadership theories: It is a cognitive theory of leadership that suggests that individuals create cognitive representations of the world and use these preconceived notions to control their behavior and interpret their surroundings. It was developed by Robert Lord and his colleagues.
Leadership in business is the capability of a company's management to set and acquire hard desires, take fast and decisive motion whilst wanted, outperform the opposition, and encourage others to perform at the highest degree they are able to.
Leadership is critical as it evokes, motivates, and unites an instance for humans to accomplish nice changes globally. Leaders establish a vision, offer a plan of action, and build sturdy relationships with their fans. As a result, they guide people to perform extremely good feats collectively.
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who manages the big picture and strategies for corporations, and who manages the day-to-day affairs of a corporation?
It is the CEO's responsibility to implement the Board's decisions and initiatives, and with the support of senior management, to keep the company running smoothly. In many cases, the CEO is also appointed president of the company, so he is one of the in-house directors on the board.
What does corporation mean?A corporation is a legal entity exists in a distinct legal relationship from its owner. Corporations are given many of the same legal rights and obligations as people. They have legal rights to sign contracts, make loans and take loans, sue and be sued, hire staff, own property, and pay taxes.
How do you build your corporation?A corporation can have many structures, but the typical structure is (1) Board of Directors, (2) Officers, (3) Employees, and (4) Shareholders or Owners. There is no limit to how much your corporation can have.
What are types of corporate strategy?There are following types of corporate strategies:
Stabilize, combine, save, expand strategies. Business strategy differs from business strategy because it surrounds and focuses on a particular entity.
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________ reflects the idea in e-commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.
Crowdsourcing reflects the idea in e-commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.
What is crowdsourcing, in a nutshell?Crowdsourcing is the process of asking a large number of individuals for the information, goods, or services that are required. Author Jeff Howe coined the term "crowdsourcing," which mixes crowds and outsourcing, in his essay "The Rise of Crowdsourcing" from Wired magazine in 2006.
What is an effective example of crowdsourcing?Many businesses and organizations use specialized crowdsourcing websites like 99designs or Fiverr to find solutions for niche tasks like graphic design, proofreading, or software testing. Social media platforms are used by businesses worldwide to find inspiration for fresh products and services.
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