The monetary unit assumption: Multiple Choice Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. Means that we can express transactions and events in monetary, or money, units. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Means that a business is accounted for separately from other business entities, including its owner. Prescribes that a company record the expenses it incurred to generate the revenue reported.
Answers
Answer:
Means that we can express transactions and events in monetary, or money, units.
Explanation:
monetary unit assumption: Means that we can express transactions and events in monetary, or money, units.
Going concern assumption - accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Time period assumption - Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.
Business entity assumption - Means that a business is accounted for separately from other business entities, including its owner
Matching principle - Prescribes that a company record the expenses it incurred to generate the revenue reported.
Related Questions
Learning Objective: 01-02 Explain why organizational behavior knowledge is important for you and for organizations.
Answers
Organizational behaviour knowledge is important for organizations because it analyzes the effect of social and environmental factors that affect the way employees or teams work.
Organizational behaviour (OB) is the systematic study and use of information about how people behave within their workplace organisations. People, structure, technology, and the outside environment make up the four components of organisational behaviour. It is possible to make changes by comprehending the relationships between these components. Organizational behaviour is the deliberate act of identifying, organising, preserving, and disseminating employee knowledge and expertise inside a company. Organizational behaviour build a considerable body of institutional knowledge as they develop, diversify, and define their business strategies. It aids in the testing of our own hypotheses. Organizational behaviour enables managers to comprehend the fundamentals of motivation and the best ways to inspire their staff.
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Analyzing the Impact of Selected Transactions on the Current Ratio [LO 13-4, LO 13-5]
In its most recent annual report, Sunrise Enterprises reported current assets of $1,090,000 and current liabilities of $602,000.
Required:
Determine for each of the following transactions whether the current ratio, and each of its two components, for Sunrise will increase, decrease, or have no change: (1) sold long-term assets for cash, (2) accrued severance pay for terminated employees, (3) wrote down the carrying value of certain inventory items that were deemed to be obsolete, and (4) acquired new inventory by signing an 18-month promissory note (the supplier was not willing to provide normal credit terms).
Answers
Answer:
Sunrise Enterprises
Impact of Selected Transactions on the Current Ratio:
Current Ratio Current Assets Current Liabilities
(1) increase increase no change
(2) decrease no change increase
(3) decrease decrease no change
(4) increase increase no change
Explanation:
a) Data and Calculations:
Current assets = $1,090,000
Current liabilities = $602,000
Current ratio = 1.8 ($1,090,000/$602,000)
b) The current ratio (the ratio of current assets to current liabilities) is affected by increases or decreases in current assets without equal increases or decreases in current liabilities and vice versa.
Discuss the negative effect of technology on work-life balance
Answers
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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9. You are the manager of College Computers, a manufacturer of customized
computers that meet the specifications required by the local university. Over 90
percent of your clientele consists of college students. College Computers is not
the only firm that builds computers to meet this university's specifications;
indeed, it competes with many manufacturers online and through traditional
retail outlets. To attract its large student clientele, College Computers runs a
weekly ad in the student paper advertising its "free service after the sale" policy
in an attempt to differentiate itself from the competition. The weekly demand
for computers produced by College Computers is given by
Q = 1000 - P
and its weekly cost of producing computers is
C = 2 000 + Q²
If other firms in the dustry sell PCs at $600, what price and quantity of
computers should you produce to maximize your firm's profits? What long run
adjustments should you anticipate? Explain. [5 marks]
Answers
To maximise its profit in the market, the company will offer 80 PCs for $360.
CALCULATION
The market for college computers is intensely competitive. The weekly demand curve for computers in colleges is (Q) = 800 - 2P.
P = 400 - 0.5QTotal weekly earnings (TR) = P*Q
TR = 400Q - 0.5Q2MR = 'partialTR / 'MR = 400 - QThe cost of making computers each week is C(Q) = 1200 + 2Q2.
MC = partialC(Q) divided by partialQMC = 4QWhen MR = MC, the company will make the most money. Comparing marginal income with marginal expenditure.
400 - Q = 4QAdd "Q" to both sides.400 = 5QQ=80 computer systems80 units is the ideal output for college computers.
The will decide on the best price at,
P = 400 - 0.5 (80)P = 400 - 40P=$360 for each computer.Total weekly earnings (TR) = 360 * 80
TR = $28800TC = 1200 + 2(80)2TC = 1200 + 12800TC = $14000Total revenue from college computers = TR - TC
Profit: 28800 minus 14,000Gain = $14,800Therefore to maximise its profit in the market, the company will offer 80 PCs for $360.
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According to Dr. Ridel's Levels of Critical Thinking in Chapter 1, what level of critical thinking applies to your current status? Discuss how you will use the "8-Step process to critical thinking" in your personal and professional life. Provide examples to support your answers.
Answers
Answer:
how to write it inthe morning and evening so much more than happy
how can I draw the circular flow of Income in an open economy?
Answers
The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.
The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.
The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.
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What are some large-scale economic shifts that have created our present service economy
Answers
The capitalist system in the United States is one of the large-scale economic shifts that have created our present service economy
What is meant by an economic shift?Economic change, which can be characterized as a change in the economy's structure, policies, or growth, is one of the external factors that influence company decision-making.
Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, and the overall demand and supply of the country's goods and services are what lead to these changes. These adjustments cause short-term expansionary and deflationary episodes.
An economic system known as a service economy is one in which the provision of services, as opposed to the production of products, is the primary activity. Road construction, medical treatment, food, lodging, and other professional services are some of these services.
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Which amount best reflects operating income? Enter your answer in millions without commas or dollar signs.
Answers
Answer:
4673 million
Explanation:
The operating income is the income that is arrived after deducting all the operating expenses from the sales revenue before deducting the payment of interest and taxes. It is also called as Earning before interest and taxes (EBIT)
So based on the attached figure, as it can be seen that the operating income that should be recorded for 4673 millions i.e. equivalent to the Earning before interest and taxes
Discuss the relationship between competition and consumer expectations.
Answers
Answer:
The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.
Explanation:
why and how the UK government must provide public goods and quasipublic.
Answers
Answer:
Some goods are described as “quasi-public” goods because, although they are made available to all, their value can diminish as more people use them. For example, a country's road system may be available to all its citizens, but the value of those roads declines when they become congested during rush hour.
Explanation:
You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answers
Answer:
C) price elastic.
Explanation:
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Answers
Answer:
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Explanation:
Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Answers
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
What types of political, economic, and competitive challenges does MTV Networks International face by operating worldwide?
Answers
Answer:
Economic challenges: MTV has to adapt to different economic conditions across the world, for example, diverging currency rates, changing tax regimes, changing economic conditions, vastly different living standards and purchasing power, and so on.
Political challenges: MTV has to face many types of political regimes like functional democracies, flawed democracies, authoritarian regimes, and even dictatorships.
Competitive challenges: MTV has competitors across the world, both in each country, and also at an international level. For this reason, MTV has to adapt is competitive strategy at each leve, and in each country, in order to better face the competitive challenges.
Company xyz made the following transactions 6 marks
Borrowed loan of ksh 50000 to start a business
Obtained Ksh 150,000 in cash from proceeds of sales
Paid out ksh 240000 in form of salaries
Purchased Ksh 600000 worth of machinery in cash
Purchased a track valued at Ksh 1, 500 000 by paying Ksh 300000 in cash and getting a
loan for the reminder
Paid rent of rent of Ksh 80000 and advertising of ksh 50,000 in cash each
Determine the value of the company’s assets, liability and equity
Answers
Answer:
Company XYZ
Total assets ksh 1,030,000
Total liabilities ksh 1,250,000
Total equity ksh (220,000)
Explanation:
a) Data and Analysis:
Cash ksh 50,000 Loan payable ksh 50,000
Cash ksh 150,000 Sales revenue ksh 150,000
Salaries expense ksh 240,000 Cash ksh 240,000
Equipment ksh 600,000 Cash ksh 600,000
Track ksh 1,500,000 Cash ksh 300,000 Loan payable ksh 1,200,000
Rent Expense ksh 80,000 Advertising Expense ksh 50,000 Cash ksh 130,000
Assets:
Cash ksh 50,000
Cash ksh 150,000
Cash ksh (240,000)
Equipment ksh 600,000
Cash ksh (600,000)
Track ksh 1,500,000
Cash ksh (300,000)
Cash ksh (130,000)
Total assets ksh 1,030,000
Liabilities:
Loan payable ksh 50,000
Loan payable ksh 1,200,000
Total liabilities ksh 1,250,000
Equity:
Sales revenue ksh 150,000
Salaries expense ksh (240,000)
Rent Expense ksh (80,000)
Advertising Expense ksh (50,000)
Total equity ksh (220,000)
describe why most countries are described as having a mixed economy
Answers
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
You own a stock portfolio invested 32 percent in Stock Q, 22 percent in Stock R, 19 percent in Stock S, and 27 percent in Stock T. The betas for these four stocks are 1.63, 1.35, 2.56, and 0.68, respectively. What is the portfolio beta? Enter the answer with 4 decimals (e.g. 1.1234)
Answers
Answer:
Beta= 1.4886
Explanation:
Giving the following information:
You own a stock portfolio invested 32 percent in Stock Q, 22 percent in Stock R, 19 percent in Stock S, and 27 percent in Stock T.
The betas for these four stocks are 1.63, 1.35, 2.56, and 0.68, respectively.
To calculate the portfolio beta, we need to use the following formula:
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)
Beta= (0.32*1.63) + (0.22*1.35) + (0.19*2.56) + (0.27*0.68)
Beta= 1.4886
Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.
May.
11 Sydney accepts delivery of $40,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $30,000. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise.
12 Sydney returns $1,400 of the $40,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,050.
20 Sydney pays Troy for the amount owed. Troy receives the cash immediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.)
Required:
a. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions.
b. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions.
Answers
Answer:
1. Sydney Buyer
11 Dr Accounts Payable $40,000
Cr Merchandise Inventory $40,000
11 Dr Merchandise Inventory $345
Cr Cash $345
12 Dr Merchandise Inventory $1,400
Cr Accounts Payable $1,400
20 Dr Accounts Payable $38,600
Cr Merchandise Inventory $1,158
Cr Cash $37,442
2. Troy - Seller
11 Dr Accounts Receivables $40,000
Cr Sales $40,000
Dr Cost of Goods Sold $30,000
Cr Merchandise Inventory $30,000
13 Dr Sales Returns and Allowances $1,400
Cr Accounts Receivables $1,400
Dr Cost of Good Sold $1,050
Cr Merchandise Inventory $1,050
21 Dr Cash $37,442
Dr Sales Discount $1,158
Cr Accounts Receivables $38,600
Explanation:
1. Preparation of journal entries that Sydney Co. records for these transactions.
1. SYDNEY BUYER
11 Dr Accounts Payable $40,000
Cr Merchandise Inventory $40,000
11 Dr Merchandise Inventory $345
Cr Cash $345
12 Dr Merchandise Inventory $1,400
Cr Accounts Payable $1,400
20 Dr Accounts Payable $38,600
($40,000-$1,400)
Cr Merchandise Inventory $1,158
($38,600-$37,442)
Cr Cash $37,442
[$38,800- [($1,400 × (100% – 3%)]
2. Preparation of the journal entries that Troy Corporation records for these transactions.
TROY - SELLER
11 Dr Accounts Receivables $40,000
Cr Sales $40,000
Dr Cost of Goods Sold $30,000
Cr Merchandise Inventory $30,000
13 Dr Sales Returns and Allowances $1,400
Cr Accounts Receivables $1,400
Dr Cost of Good Sold $1,050
Cr Merchandise Inventory $1,050
21 Dr Cash $37,442
[$38,800- [($1,400 × (100% – 3%)]
Dr Sales Discount $1,158
($38,600-$37,442)
Cr Accounts Receivables $38,600
($40,000-$1,400)
Workings:
May 11 Purchased goods=($40,000 × [100% – 3%])
May 11 Purchased goods= $38,800
May 12 Returned goods= ($1,400 × [100% – 3%]) May 12 Returned goods= $1,358
May 20 Paid balance within the discount period= ($38,800 – $1,358)
May 20 Paid balance within the discount period= $37,442
4. True or False? Patchwriting is considered a form of plagiarism. (required) O True O False
Answers
The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.
While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.
To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.
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15. The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective is to create awareness for the restaurant among the town’s consumers. Which measure should be used to determine how many different people will hear the advertisement?
Answers
Snavely, Inc., manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product E1 600 8.0 4,800 Product A7 300 4.0 1,200 Total direct labor-hours 6,000 The direct labor rate is $24.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product E1 $206.00 Product A7 $225.00 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product E1 Product A7 Total Labor-related DLHs $ 109,600 4,800 1,200 6,000 Machine setups setups 51,690 700 300 1,000 Order size MHs 808,470 2,800 3,500 6,300 $ 969,760 The total overhead applied to Product A7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
The total overhead applied to Product A7 under activity-based costing is closest to $482,086.
The total overhead applied is calculated with the following data from the question: Activity Estimated Expected ActivityActivity Cost Pools Measures Overhead Product E1 Product A7 Total
Labor-related DLHs $ 109,600 4,800 1,200 6,000
Machine setups setups 51,690 700 300 1,000
Order size MHs 808,470 2,800 3,500 6,300
Total $ 969,760
Overhead Allocation using activity-based costing method:Total Costs Product E1 Product A7
Labor-related DLHs $ 109,600 $87,680 (80%) $21,920 (20%)
Machine setups setups 51,690 36,183 (70%) 15,507 (30%)
Order size MHs 808,470 363,811 (45%) 444,659 (55%)
Total $ 969,760
Total overhead allocated to products $487,674 $482,086
Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.
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Kaspar Industries expects credit sales for January, February, and March to be $203,400, $267,600, and $317,300, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.
Answers
Answer:
January = $152,550
February = $251,550
March = $304,875
Explanation:
To Compute cash collections from customers follow the given collection history closely :
Month`s receipts = Cash Collected in Month of Sale (75%) + Cash Collected in Month After Sale
Cash Collection Schedule
Month January February March
In Month of Sales $152,550 $200,700 $237,975
Month After Sale $0 $50,850 $66,900
Total $152,550 $251,550 $304,875
Explain one importance of workforce planning. [3]
Explain one importance of employment contracts to
(i) the employee[3]
(i) the employer [3]
Explain one importance of calculating the labour turnover rate for a business. [3]
Answers
Workforce planning is an important process for any organization as it helps to ensure that the organization has the right people with the right skills, in the right place, at the right time. One importance of workforce planning is that it enables organizations to anticipate and address potential staffing shortages or surpluses. This can help the organization to avoid costly layoffs or recruitment costs, as well as improve employee morale and productivity by ensuring that the workforce is appropriately sized and skilled to meet the organization's needs.
Importance of Employment Contracts:
For the Employee:
An employment contract is important for employees as it sets out the terms and conditions of their employment, including their salary, benefits, working hours, and job responsibilities. This provides employees with clarity and certainty about their employment rights and obligations, which can help to prevent misunderstandings and disputes with their employer.
For the Employer:
An employment contract is important for employers as it helps to protect their business interests by setting out the terms and conditions of employment, including any restrictive covenants or confidentiality clauses. This can help to prevent employees from competing with the business or disclosing confidential information after their employment has ended, which can be detrimental to the business.
Importance of Calculating the Labour Turnover Rate:
Calculating the labour turnover rate is important for businesses as it provides valuable insights into employee retention and recruitment efforts. One importance of calculating the labour turnover rate is that it helps businesses to identify trends and patterns in employee turnover, which can help to identify areas for improvement in the business. For example, if the labour turnover rate is high in a particular department, it may indicate that there are issues with management or working conditions that need to be addressed. By addressing these issues, businesses can improve employee retention, reduce recruitment costs, and improve overall organizational performance.
The sovereign rating for Vietnam is B2 (with a default spread of 5%), the standard deviation in the Vietnamese equity index is 30% and the standard deviation in the Vietnamese government bond is 24%. If the premium for a mature market (say, the US) is 5.5%, estimate the total equity risk premium for Vietnam.
Answers
Answer:
The total equity risk premium for Vietnam was 11.13 as of January 1st, 2023 according to Damodaran Online. The total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. The country risk premium for Vietnam is estimated to be 5%.
Given that the premium for a mature market (say, the US) is 5.5%, we can estimate the total equity risk premium for Vietnam as follows:
Total Equity Risk Premium = Mature Market Premium + Country Risk Premium Total Equity Risk Premium = 5.5% + 5% Total Equity Risk Premium = 10.5%
Therefore, the estimated total equity risk premium for Vietnam is 10.5%.
I hope this helps!
Explanation:
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Will leaving the country make an American businessman immune to U.S. laws?
Answers
Answer:
No, one of the characteristics of a sovereign state is that a citizen is subject to the state's laws even when beyond national borders.
Please give the Brainliest answer!!!
live is quamp so life quamp
Answers
Answer:
is this a question?
Explanation:
Answer:
yesssssssssssssssss
Explanation:
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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2008 crisis question.
Answers
Answer:
The correct answer is D.
Explanation:
The Great Recession was an almost global recession that began around 2007 and peaked in 2009. The recession was triggered by various factors, in particular the bursting of a property price bubble in the USA and the associated financial crisis from 2007 and the banking crisis, which was later followed by sovereign debt crises such as the Greek sovereign debt crisis. In addition, there were hunger crises in poor countries. At the start of the crisis there were several negative announcements about the mortgage system of the United States of America; the crisis stemmed from what became known as 'toxic lending', the greed of companies to make a profit and to give mortgages to people who could not afford to pay it back. This housing crisis, known as the Subprime mortgage crisis, spread worldwide.