One of the Sultanate's local company named Oman Oil Marketing Company (OOMCO), is providing fire safety measures to its staff, organization, and community.
OOMCO is committed to promoting the well-being of all its stakeholders, including employees, clients, partners, suppliers, contractors, shareholders, and the community at large. It has put in place several policies and programs to ensure the safety and security of all its stakeholders, particularly in case of fire emergencies. OOMCO has established a Fire Protection Program in order to protect its employees, organization and the community in the event of a fire.
OOMCO ensures that all its facilities and assets are well-maintained and inspected on a regular basis to identify and mitigate potential fire hazards. OOMCO's Fire Protection Program is designed to prevent, detect, and respond to fire emergencies. OOMCO has installed fire alarms, smoke detectors, and automatic sprinklers in all its facilities to ensure that any fire outbreak is detected early and extinguished quickly.
OOMCO has also provided fire safety training to its employees to prepare them for fire emergencies. The training program covers various topics, including how to use fire extinguishers, how to evacuate the building, and how to administer first aid in case of injury. OOMCO ensures that its employees are well-prepared to handle any fire emergency, thus reducing the risk of injuries and damages.
In conclusion, OOMCO's provision of fire safety measures to its staff, organization and community is exemplary. By implementing a Fire Protection Program and providing fire safety training to its employees, OOMCO has demonstrated its commitment to the safety and security of all its stakeholders. OOMCO's proactive approach to fire safety is a testament to its dedication to being a responsible corporate citizen. Other companies can learn from OOMCO's example and implement similar fire safety measures to protect their employees, organization, and the community.
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which organization believes that impartiality does not mean silence, but that all governmental agencies and other bodies are equally open to criticism when they engage in or allow injustices?
Doctors without borders believes that impartiality does not mean silence, but that all governmental agencies and other bodies are equally open to criticism when they engage in or allow injustices.
Médecins Sans Frontières (MSF), sometimes known as Doctors Without Borders in English, is an international medical non-governmental organization (NGO) with French roots that specializes in humanitarian medical work in conflict zones and nations where endemic illnesses are rife.
Diabetes, drug-resistant infections, HIV/AIDS, hepatitis C, tropical and neglected diseases, tuberculosis, vaccinations, and COVID are among the main areas of work. They support intellectual property issues, research, and development in addition to patents.
The organization operated in 70 countries in 2019 with more than 35,000 employees, the majority of whom were local medical professionals (doctors, nurses, and other), logisticians, engineers for water and sanitation, and administrators.
About 90% of the organization's income comes from private contributors, with the other 10% coming from corporate donations, giving MSF an annual budget of about US$1.63 billion.
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Tom is head of the marketing department and must decide how to allocate a fixed amount of funds. There are two top projects that Jim believes hold the most promise. Recently, the majority of funds have been allocated to Project A, but Tom wonders if it is time to provide Project B with a larger share of the money. Tom decides to assign a particular individual, Janice, to thoroughly criticize the proposal for Project B, looking for every possible flaw. Which technique is Tom using to help him make a better decision
Answer: Devil's advocacy
Explanation:
Devil's advocacy could be defined as having a critique on a team, board of administration who most times goes against the decision of the group. It has been realized that this helps the groups to have unbiased decisions, reduces expenses and avoid pitfalls.
This decision making method is involved mostly in areas that has to do with finance and budget.
Tom deciding to choose Janice to criticize the project is playing out the Devil's advocacy.
jacob, a marketing manager, is determining if the company budget allows for advertising a new product. which criterion of decision making is he addressing?
Jacob, as a marketing manager, is addressing the "budget" criterion of decision-making while determining if the company budget allows for advertising a new product.
Jacob, a marketing manager, is determining if the company budget allows for advertising a new product. The criterion of decision-making that he is addressing is the financial feasibility.
What is the criterion of decision-making?
A criterion of decision-making is a criterion, benchmark, or standard against which an outcome is assessed in order to make a judgment or decision. These are methods for assessing how well choices fulfill objectives. The criterion of decision-making is a critical aspect of any decision-making process. The criterion of decision-making is a requirement, benchmark, or standard against which the outcomes of a decision are assessed to evaluate their effectiveness in achieving the desired objectives of the organization. Jacob, a marketing manager, is determining if the company budget allows for advertising a new product. The criterion of decision-making that he is addressing is the financial feasibility.
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How do rconomists study the economy? An economic moel is always
a simplification. True or false
The given statement "An economic model is always a simplification. " is true because an economic model is always a simplification. Economic models are created to understand and analyze complex economic systems by representing them in a simplified form.
Economists study the economy through various methods, including data analysis, statistical techniques, and the development of economic models. They analyze economic indicators such as GDP, inflation rates, employment levels, and trade data to understand trends and patterns. Economic models are tools used by economists to simplify and represent real-world economic systems.
These models involve making assumptions and simplifications to focus on specific aspects of the economy. While economic models provide a framework for analysis and prediction, they are by nature simplifications of complex reality. They abstract away certain details to highlight essential relationships and dynamics. Therefore, it is true that an economic model is always a simplification, as it captures a limited set of factors and assumptions to facilitate analysis and understanding of economic phenomena.
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In theory, ___________ encourages individuals to start and operate their own business without government involvement.A. free enterpriseB. monopolyC. demandD. equilibrium
In theory, A. free enterprise encourages individuals to start and operate their own business without government involvement. Free enterprise is an economic system based on the principles of private ownership, individual initiative, and voluntary exchange. It promotes competition, entrepreneurship, and the freedom for individuals to pursue economic opportunities and engage in business activities without excessive government intervention.
Under a free enterprise system, individuals are free to start their own businesses, make independent decisions regarding production and consumption, and compete in the marketplace. This encourages innovation, creativity, and the efficient allocation of resources. Free enterprise fosters an environment where individuals can take risks, invest capital, and reap the rewards of their efforts.
While government regulations and oversight may exist to ensure fair competition, protect consumers, and maintain public welfare, the core principle of free enterprise is to minimize government interference and allow individuals to operate their businesses with autonomy and flexibility.
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Which of the following is not another name for the term manufacturing overhead?
A. Burden
B. Factory overhead
C. Indirect manufacturing cost
D. Pervasive cost
Pervasive cost is not another name for the term manufacturing overhead. The answer is D.
Manufacturing overhead refers to the indirect costs of producing a product that cannot be easily traced to a specific product, such as rent, utilities, and maintenance.
These costs are essential to the production process but cannot be assigned to a specific unit of production. The terms burden, factory overhead, and indirect manufacturing cost are all synonyms for manufacturing overhead.
Pervasive cost, on the other hand, refers to costs that are present throughout the entire organization and cannot be attributed to a specific department or product.
Examples of pervasive costs include salaries of top-level executives and administrative expenses. While manufacturing overhead is a subset of pervasive costs, not all pervasive costs are considered manufacturing overhead. Thus, D. is the right answer.
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I'll give 20 points if you just answer this riddle: You see a boat filled with people. It has not sunk, but when you look again you don’t see a single person on the boat. Why?
Nice doing "business" with ya!
Answer:
Everyone on the boat is married.
Explanation:
which of these is not a subchapter subject matter addressed by trela?
The Texas Real Estate License Act (TRELA) is a comprehensive legislation that governs the practice of real estate in the state of Texas. While there are numerous subchapter subject matters addressed by TRELA, one that is not included is "Environmental Regulations and Compliance."
TRELA primarily focuses on regulating the licensing and conduct of real estate professionals, such as real estate brokers and salespersons.
It covers various areas including licensing requirements, duties and responsibilities of license holders, trust accounts, advertising guidelines, and disciplinary actions for violations.
However, environmental regulations and compliance are not explicitly addressed as a subchapter subject matter within the act.
Environmental regulations and compliance are typically covered under separate legislation and agencies, such as the Texas Commission on Environmental Quality (TCEQ) or the Environmental Protection Agency (EPA).
These agencies have their own specific laws and regulations pertaining to environmental protection, pollution control, and hazardous materials handling.
While real estate professionals may encounter environmental issues in their practice, TRELA does not specifically delve into this area of concern.
In summary, while TRELA covers a wide range of subchapter subject matters related to real estate practice, it does not include a specific subchapter addressing environmental regulations and compliance. These matters are typically regulated by separate environmental legislation and agencies.
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A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter only one word per blank.)
Answer:
Profit
Explanation:
The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.
In the question, the amount consumed or spent to make the product = $3,000
The amount for which the product was sold = $ 4,000
The profit = 4,000 - 3,000 = $1,000.
Please help, Is it fair that employees who have my insurance lose their coverage when they leave their company? explain
Answer:
Yes
Explanation:
If you no longer benifit from them, they should not be able to benefit from you. Your business is your income. You would be giving them free coverage, which you are not making a profit off of. You would be losing money.
Help plzzz for economics
Answer:
the answer is b
Explanation:
When the business process is performed in the best possible way, with little or no waste, then the business:
a. increases effectiveness.
b. reduces basis points.
c. achieves efficiency.
d. increases variances.
When the business process is performed in the best possible way, with little or no waste, then the business achieves efficiency.
To achieve efficiency, businesses often look at their processes and procedures in order to identify areas where they can eliminate waste and improve productivity.
This can involve using lean methodologies, such as Six Sigma, which are designed to identify and eliminate waste and inefficiencies in business processes.
There are several benefits to achieving efficiency in a business. For example:
Reduced Costs: By eliminating waste and streamlining processes, businesses can reduce their costs, which can lead to increased profitability.
Improved Quality: When a business is efficient, it is able to produce higher quality products or services with fewer errors or defects.
Increased Productivity: By eliminating inefficiencies, businesses can increase their productivity, which can lead to increased output and revenue.
Enhanced Customer Satisfaction: When a business is efficient, it is able to provide its customers with higher quality products or services in a timely and cost-effective manner, which can lead to increased customer satisfaction and loyalty.
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System of allocating goods and services without prices is called:_________
The system of allocating goods and services without prices is called a command economy.
In a command economy, the government or a central authority determines what goods and services should be produced, how much should be produced, and how they should be distributed to consumers. This is in contrast to a market economy, where prices play a central role in allocating goods and services, with consumers and producers making choices based on supply and demand. Command economies were historically used by countries that embraced socialism or communism, with the goal of achieving greater economic equality and social welfare. However, command economies have largely fallen out of favor, as they have been criticized for being inefficient and prone to corruption.
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Required note disclosure about noteworthy or infrequent transactions
A) ___________ ___________ – the impact of transactions such as acquiring a business entity,
selling a business entity or division, sales of key assets, etc. must be disclosed in a separate note
to the financial statements.
B) ___________ ___________ Note (required if there are any qualifying events)
i) Subsequent events are material transactions or events that occur ___________ the date on the balance
sheet, but ___________ the financial statements are published.
A) Significant Transactions – the impact of transactions such as acquiring a business entity, selling a business entity or division, sales of key assets, etc. must be disclosed in a separate note to the financial statements. B) Subsequent Events Note (required if there are any qualifying events) i) Subsequent events are material transactions or events that occur after the date on the balance sheet but before the financial statements are published.
A) Significant Transactions – the impact of transactions such as acquiring a business entity, selling a business entity or division, sales of key assets, etc. must be disclosed in a separate note to the financial statements.
This note provides additional information about the nature of these transactions, including their impact on the financial position and results of the company. It helps users of the financial statements understand the significance of these transactions and their effects on the overall performance of the company.
B) Subsequent Events Note (required if there are any qualifying events)
i) Subsequent events are material transactions or events that occur after the date on the balance sheet but before the financial statements are published. These events could have a significant impact on the financial position and results of the company and may require disclosure in a subsequent events note.
This note provides information about events such as significant business combinations, major litigation settlements, changes in accounting policies, or other significant events that occurred after the balance sheet date but before the financial statements were finalized. It ensures that users of the financial statements are aware of these subsequent events and can consider them in their analysis and decision-making.
Including these notes in the financial statements enhances transparency and provides additional information to users, helping them understand the impact of significant transactions and events on the company's financial position and results.
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Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as
The good produced by the government because it is inefficiently supplied by the market is known as a public good.
What is a public good?
A public good is a good that is non excludable and non-rivalrous. Public goods are usually produced by the government because they are too expensive to be produced by the market or because the market produces them inefficiently.
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In consumer finance, which of the following are primarily used? A. financial statements B. budgets C. both budgets and financial statements
Answer:
Explanation:
The most important financial statement for the majority of users is likely to be the income statement, since it reveals the ability of a business to generate a profit. The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.
What are other ways that a company can utilize a multigenerational team to their advantage
A multigenerational team can be used in the following ways by a company in multiple ways. Such teams provides an organisation with more tech savy workforce that has multiple perspectives and eager to learn.
Multiple perspectives - Different generations may have different perspectives on job responsibilities. Sharing perspectives within and across teams brings a diverse set of knowledge and skills to bear on innovation.Problem-solving abilities - Problems are solved creatively by combining multiple perspectives and diverse skills. Life experience shapes how we relate to and interact with others in the face of adversity and conflict. As a result, age-diverse teams can offer a variety of solutions to problems.Learning/mentoring opportunities - The more diverse a team, the more opportunities for people to interact and learn from each other's perspectives. This includes opportunities for mutually beneficial mentoring. Those with more experience can counsel younger employees on career advancement. Furthermore, the recent trend of reverse/cross-generational mentoring allows more junior employees to educate more senior employees on current trends and technology.Knowledge transfer and retention - Each generation's awareness and strengths better prepare the business to meet its future leadership needs. Tacit knowledge is retained within the organisation through a strong internal talent pipeline. Focus is more on in-house promotion and less on recruiting from the outside.Relationships that are one-of-a-kind - Meaningful relationships with coworkers can help employees meet their emotional needs and increase job satisfaction. The organisation's age groups mirror a family structure, providing opportunities for personal connections with those outside of one's own generation.To know more about multigenerational here-
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The budgeted cost for Task A is $25,000, for B is $18,000 and for Task C is $16,000. Actual costs at the end of the second week of the project indicate that in fact Task A is $26,000, for B is $17,000 and for Task C is $16,500. CPI was previously calculated to be 0.97. Determine the Total Estimated Cost at Completion and cost to complete. Total estimated cost at Completion is $60,340 and Total Cost to Complete is $1,830 Total estimated cost at Completion is $61,340 and Total Cost to Complete is $1,830 Total estimated cost at Completion is $59,500 and Total Cost to Complete is $1,840 a) Total estimated cost at Completion is $60,825 and Total Cost to Complete is $1,325
The Total Estimated Cost at Completion is $60,825, and the Total Cost to Complete is $1,325. These values are calculated based on the budgeted costs, actual costs, and the previously calculated Cost Performance Index (CPI) of 0.97.
To determine the Total Estimated Cost at Completion, we need to calculate the cost variance for each task and then use the CPI to estimate the remaining costs.
The cost variance for Task A is $26,000 - $25,000 = $1,000 (over budget). The cost variance for Task B is $17,000 - $18,000 = -$1,000 (under budget), and the cost variance for Task C is $16,500 - $16,000 = $500 (over budget).
The Total Estimated Cost at Completion is calculated as follows:
Total Estimated Cost at Completion = Budgeted Cost + Cost Variance
= ($25,000 + $18,000 + $16,000) + ($1,000 + (-$1,000) + $500)
= $59,000 + $500
= $59,500
Since the Cost Performance Index (CPI) is 0.97, we can estimate the remaining costs by dividing the remaining work by the CPI. The remaining work is the budgeted cost minus the actual cost.
Remaining Work for Task A = $25,000 - $26,000 = -$1,000 (negative value indicates work is complete)
Remaining Work for Task B = $18,000 - $17,000 = $1,000
Remaining Work for Task C = $16,000 - $16,500 = -$500 (negative value indicates work is complete)
The Total Cost to Complete is calculated as follows:
Total Cost to Complete = (Remaining Work for Task A + Remaining Work for Task B + Remaining Work for Task C) / CPI
= (-$1,000 + $1,000 + (-$500)) / 0.97
= $500 / 0.97
≈ $515.46
Rounding the answer to the nearest whole dollar, the Total Cost to Complete is $1,325.
Therefore, the correct answer is that the Total Estimated Cost at Completion is $60,825 and the Total Cost to Complete is $1,325.
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A licensed individual that charges a fee to serve as the mediator between the buyer and seller is known as a
A licensed individual who charges a fee to mediate between the buyer and seller is known as a Real Estate Broker, who helps an individual make the best decisions regarding real estate transactions.
Duties of a Real Estate Broker:This professional is licensed to perform the functions of mediation between buyer and seller in real estate transactions. Through its expertise, it assists in making financial decisions that benefit both parties, in a process of selling or buying a property.
Therefore, it is essential that this professional has communication and negotiation skills to win clients, in addition to the appropriate legal licenses and real estate certifications to perform this function ethically.
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Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.
Answer:
1.51%
Explanation:
Recall that:
Total Output = \(A\times K^a \times ^{1-a}\)
here;
A = total productivity factor
K = capital input
L = labor input
SInce Landowners gets 50% of income; then a = 0.50
\(= A\times K^ {0.50} \times ^{1-0.50}\)
Output at 424BBC
\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)
\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)
\(=1.0151AK^{0.5}L^{0.5}\)
Thus, the growth rate from 425 BCE to 424 BCE :
= 1.0151 - 1
= 0.0151
= 1.51%
why does the increased demand for more service make product management more difficult?
Answer:
One of the hardest challenges in product management is getting people aligned—especially if they have different reporting lines and objectives. Here it helps to remember that our job is not to have all the answers—but to ask the best questions.
Explanation:
Answer:
because when an increase of demand is high
____ is the measure of how long a product last
Answer:
This can be a varied answer, what are the options?
Explanation:
Answer: Consumability
Explanation:
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
organizations that conduct business operations across national borders are called
International enterprises or multinational corporations are organisations that carry out business operations across international boundaries. A company is considered an MNC if its headquarters, incorporation nation, and other major assets are located somewhere else.
They are often referred to as transnational corporations or international companies. Lowering your competition applies to suppliers as well as customers and consumers. A company's ability to access new technologies and better suppliers through an international expansion may improve corporate operations. This may be among the most common justifications for business expansion. A nationwide company is one that operates across the country and maintains over 20 sites there as well.
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1. Goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception
Answer:
The answer is below
Explanation:
The goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception are the following:
1. No Poverty: as a result of poverty in some rural areas which is affecting children's development in UAE, the government has made it official to eradicate poverty in those areas.
2. Education for All: this is to ensure that children of age 6 to 18 or Grade 12, all have access to quality education, so as to boost literacy level in UAE
3. Social Support: this is to ensure those with the lowest income are able to cater to their children and afford a decent life.
WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answer:
They company goes out of business?
Explanation:
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
the four major promotional tools (advertising, personal selling, sales promotion, and public relations) are known collectively as the:
Answer:
Promotional mix
Explanation:
Riskier investments can yield higher returns:
A) but, are generally less expensive
B)but, generally experience steeper downturns
C) so, you should invest all your money in high risk stocks
D) none of the above
The Riskier investments can yield higher returns, Because They put your money at higher risk. This means that if things go well, high-risk investments can produce high returns.
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
The risk investment may offer the chance of higher returns than other investments might produce, but they put your money at higher risk. This means that if things go well, high-risk investments can produce high returns. But if things go badly, you could lose all of the money you invested.
Therefore, Thus option (D) is correct.
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Karen makes custom jewelry. In order to sell her jewelry, Karen rents a small kiosk at the local mall for $50 per month. She must buy blank medallions, stones, and chains to make her custom necklaces. These supplies cost approximately $30. Karen sells her necklaces for $55 each. How many necklaces must she sell to cover her costs?
Answer:
She will break even each month / cover her costs by selling 2 necklaces
Explanation:
If it's $50 a month, that is Karen's total monthly costIt costs $30 to make each necklaceShe sells the necklace for $55 eachTotal profit for each necklace therefore = sales price - cost, or $55 - $30, which is $25 profit per necklaceTo cover rent, which is $50, you take rent / profit per necklace or $50 / $25 profit per necklace, which is 2 necklaces