The function of management encompasses several significant elements that are crucial for effective organizational leadership and achieving desired outcomes. These elements provide a framework for managers to plan, organize, lead, and control organizational resources.
Scholars and management experts have identified the following key elements in the function of management:
1. Planning: Planning involves setting objectives, determining strategies, and outlining the necessary actions to achieve organizational goals. It includes analyzing the internal and external environment, making informed decisions, and formulating plans for resource allocation and task assignment. Planning provides direction and helps managers anticipate and prepare for future challenges.
2. Organizing: Organizing involves arranging and coordinating resources, tasks, and responsibilities to achieve organizational goals. It includes designing the organizational structure, establishing communication channels, and creating systems and processes that facilitate efficient workflow. Effective organizing ensures that resources are allocated appropriately and that employees understand their roles and responsibilities.
3. Leading: Leading encompasses the process of influencing and motivating employees to work towards achieving organizational objectives. It involves providing guidance, coaching, and support to individuals and teams, fostering positive relationships, and effectively communicating the vision and goals of the organization. Effective leadership inspires and empowers employees, promotes teamwork, and drives organizational success.
4. Controlling: Controlling involves monitoring, evaluating, and adjusting organizational activities to ensure they align with plans and objectives. It includes establishing performance standards, measuring actual performance, comparing it against the standards, and taking corrective actions as necessary. Control mechanisms such as financial reports, performance evaluations, and quality control systems help managers track progress and ensure that organizational goals are met.
These elements of management are widely recognized and supported by scholarly research. For example, Henri Fayol, a prominent management theorist, proposed the five functions of management, which include planning, organizing, leading, coordinating, and controlling. Fayol's work has been influential in shaping management practices and is widely cited in management literature.
Furthermore, Peter Drucker, a renowned management consultant and author, emphasized the importance of these elements in his writings. Drucker highlighted the significance of effective planning, organizing, leading, and controlling for managerial success and organizational performance.
Scholarly references:
- Fayol, H. (1949). General and industrial management. London: Sir Isaac Pitman & Sons.
- Drucker, P. F. (1954). The practice of management. HarperCollins.
- Robbins, S. P., Coulter, M., & DeCenzo, D. A. (2017). Fundamentals of management. Pearson Education.
These references provide valuable insights into the function of management and support the significance of the elements discussed above. By incorporating these elements into their practices, managers can effectively guide their organizations, promote employee engagement, and achieve desired outcomes.
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Parol evidence includes testimony about communications between the parties that are not contained in the contract itself. a. True
b. False
This statement is true.
Evidence, Testimony, Evidence refers to information presented in a legal investigation that supports a claim. Evidence is information so produced, whether provided by witnesses or obtained from documents or other sources. Hearsay evidence is not admissible in court.
Evidence is the facts, examples, or sources used to support a claim. In science, this is data obtained from experiments and articles in scientific journals. In the humanities, it could be a quote from a text, published information from an academic reviewer, or a theory that supports your claim.
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Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated
ତିନୋଟି ମୁଖ୍ୟ ପ୍ରକାରର କ’ଣ?
\( \: \: \: \)
Answer: ମୁଁ ଇଂରାଜୀ କହୁଛି କିନ୍ତୁ ତୁମର ପ୍ରଶ୍ନ କ’ଣ? ମୋର ଓଡିଆ ଖରାପ |
Explanation:
For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization
Answer:
a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers
Explanation:
Which group of texans improved their conditions in education when the organization lulac was created
The group of Texans that improved their conditions in education when the organization LULAC (League of United Latin American Citizens) was created is Mexican Americans.
LULAC was established in 1929 to advocate for the civil rights and equal opportunities for Mexican Americans in the United States. One of the key areas of focus for LULAC has been improving education for Mexican Americans. At the time of LULAC's formation, Mexican Americans faced significant discrimination and limited access to quality education. LULAC played a vital role in challenging segregation policies and advocating for better educational opportunities for Mexican American students.
Through their efforts, LULAC successfully fought for the desegregation of schools, pushed for equal access to educational resources, and worked to address discriminatory practices that hindered the educational advancement of Mexican Americans. The organization's initiatives and advocacy efforts have contributed to significant improvements in the educational conditions for Mexican Americans in Texas and beyond.
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The complete question is:
Which group of Texans improved their conditions in education when the organization LULAC was created?
A. African Americans
B. Native Americans
C. Mexican Americans
D. Irish Americans
a __________ is a specific attribute that a company chooses about a brand and touts as ""number one"" in regards to that attribute.
A "unique selling proposition" (USP) is a specific attribute that a company chooses about a brand and promotes as being the best or "number one" in relation to that attribute.
A unique selling proposition (USP) is a marketing concept that focuses on highlighting a particular attribute of a brand or product that sets it apart from competitors. It is a specific and compelling message that communicates a distinct benefit or advantage to the target audience.The USP is designed to emphasize the brand's superiority or uniqueness in a specific area. It could be related to product features, quality, price, convenience, customer service, or any other aspect that differentiates the brand from competitors. The purpose of the USP is to create a memorable and persuasive selling point that captures the attention of consumers and influences their purchasing decisions.
By positioning the brand as the "number one" in terms of a specific attribute, the company aims to create a competitive advantage and build a strong brand identity. The USP helps customers understand the brand's value proposition and motivates them to choose the brand over alternatives, enhancing the brand's market position and driving sales.In summary, a unique selling proposition (USP) is a specific attribute that a company chooses about a brand and promotes as the best or "number one" in relation to that attribute. It serves as a persuasive message to differentiate the brand from competitors and attract customers by highlighting its unique advantages.
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Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded
monthly. He plans on paying off the loan completely in two years using monthly payments. What is the
total amount of interest he will pay once the card is paid off?
#1 $128.03
#2 $1136.00
#3 $4878.03
#4 $5886.00
A man divided $9,000 among his wife, son, and daughter. The wife received twice as much as the daughter, and the son received $1,000 more than the daughter. How much did each receive
The wife received $4000, the daughter received $2000 and the son received $3000
A man gave his wife, son, and daughter a total of $9,000.
Now that we know, we can see that the son received $1,000 more than the daughter, and the wife received twice as much as the daughter.
We might therefore presume that,
The amount wife received = x
The amount daughter received = x / 2
The amount son received = 1000 + (x / 2)
The equation which can be formulated from the above situation is:
x + (x / 2) + (x / 2) + 1000 = 9000
2x + 1000 = 9000
2x = 9000 - 1000
2x = 8000
∴ x = 4000
On solving the equation now we know that:
Wife = x = $4000
Daughter = x / 2 = 4000 / 2 = $2000
Son = 1000 + (x / 2) = 1000 + 2000 = $3000
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Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.
Answer:
The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth
Answer:
New England
Trans-Pacific Partnership
10 times cheaper
Jobs
Explanation:
Find Bertrand equilibrium and its outputs for the following asymmetric duopoly:
q 1(p1, p2) = 16 - p1 + 0.5 p2, C1(q1) = 4q1;
q 2(p1, p2) = 16 + 0.5 p1 - p2, C2(q2) = 6q2.
(Note that the average and marginal costs are: AC1=MC1 = c1 = 4, AC2=MC2 = c2 = 6).
The Bertrand equilibrium prices are:
p1* = $7.75
p2* = $8.17
And the corresponding optimal outputs are:
q1* = 2.08
q2* = 2.58
To find the Bertrand equilibrium for this asymmetric duopoly, we need to determine the optimal output levels and prices for each firm. The Bertrand equilibrium assumes that each firm chooses its price based on the assumption that the competitor's price will remain constant.
First, we can set up the profit functions for each firm:
π1 = (p1 - 4)(16 - p1 + 0.5p2)
π2 = (p2 - 6)(16 + 0.5p1 - p2)
Taking the derivative of each profit function with respect to its respective price yields:
dπ1/dp1 = 11 - p2 - 2p1
dπ2/dp2 = 8 - 0.5p1 - 2p2
Setting each derivative equal to zero and solving for p1 and p2 gives us:
p1* = (11 - p2)/2
p2* = (8 - 0.5p1)/2
Substituting these expressions into the demand functions for each firm gives us their optimal output levels:
q1* = (17 - p2)/3
q2* = (17 - 0.5p1)/3
Substituting the expressions for p1* and p2* into the equations for q1* and q2* respectively, we get:
q1* = (17 - (8 - 0.5p1)/2)/3 = (35 - 4p1)/12
q2* = (17 - (11 - p2)/2)/3 = (29 + 2p2)/12
Therefore, the Bertrand equilibrium outputs are:
q1* = (35 - 4p1)/12
q2* = (29 + 2p2)/12
To find the corresponding prices, we can substitute the optimal outputs back into the demand functions and solve for p1* and p2*:
p1* = 11 - 6q1* + 0.5q2* = 7.75
p2* = 8 - 0.5q1* + 2q2* = 8.17
Therefore, the Bertrand equilibrium prices are:
p1* = $7.75
p2* = $8.17
And the corresponding optimal outputs are:
q1* = 2.08
q2* = 2.58
In this Bertrand equilibrium, both firms produce at a lower level than in the monopoly case (where each firm would produce at a quantity of 4), and the resulting prices are closer to marginal cost. This reflects the competitive pressure that each firm faces from the other, as each seeks to capture a larger share of the market by offering a lower price and higher output than its competitor.
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Which is the anthropological category promoted by Donna Haraway as a framework for interpreting the environment
It should be noted that kinship is anthropological category promoted by Donna Haraway as a framework for interpreting the environment.
What is kinship?anthropology, kinship can be regarded as the web of social relationships which serves as part of the lives of all humans .
It is very crucial in the societies, even within this discipline are often debated.
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The concept of leadership prototypes is an important component of
A. competency theory.
B. implicit leadership theory.
C. Fiedler's contingency perspective.
D. transformational perspective.
E. path-goal theory of leadership.
The concept of leadership prototypes is an important component of implicit leadership theory. The correct answer is option b.
Implicit leadership theory focuses on the underlying beliefs and assumptions people hold about leadership and leaders. It suggests that individuals have cognitive prototypes or mental representations of what they perceive as effective leadership traits, behaviors, and qualities. These prototypes influence how individuals evaluate and perceive leaders.
Leadership prototypes play a significant role in implicit leadership theory as they shape people's expectations and judgments about leaders. These prototypes can include characteristics such as intelligence, charisma, decisiveness, and integrity, among others.
They act as a framework for evaluating leadership effectiveness and can influence the selection, evaluation, and development of leaders in organizations.
Therefore, the concept of leadership prototypes is closely associated with implicit leadership theory, as it explores the cognitive structures that influence how individuals perceive and evaluate leaders.
The correct answer is option b.
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A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable
A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
What is a promissory note?A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.
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The candlelit atmosphere of a fine-dining restaurant is an example of _______________ the spatial layout and functionality ambient conditions element of servicescape. O signs, symbols, and artifacts O all of these none of these
The candlelit atmosphere of a fine-dining restaurant is an example of the ambient conditions element of servicescape.
The ambient conditions element refers to the physical environment and its sensory qualities that influence customer experience. The candlelight contributes to the spatial layout and functionality by creating a warm and intimate atmosphere. It also enhances the overall ambiance, creating a sense of sophistication and elegance. While other elements like signs, symbols, and artifacts may exist in the restaurant, they are not directly related to the candlelit atmosphere in this context.
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How does investment in human capital impact a company's productivity?
The more workers a company has, the more it produces.
The more highly educated the workforce, the greater the production.
The more the workforce requires extensive training, the less production in the
long run.
The larger the workforce, the larger the management structure and the lower the
production.
Answer: Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUa residential property recently sold for $450,000 and land value was estimated to be $82,000. the cost new of the dwelling today would be $527,000. the dwelling is 15 years old. what is the present depreciated cost of the improvements?
The present depreciated cost of the improvements will be $445,000
Depreciation, which results in the difference between the value of the improvements and their current contributing value, is the decrease in value of the building and/or its improvements. You should take into account the property's physical, functional, and economic depreciation while calculating its depreciation. While functional depreciation refers to the changes in customer likes and preferences over time, physical depreciation refers to the wear and tear that occurs as the building ages.
External negative tendencies including the downfall of large employers, the recession, and fresh negative developments cause economic depreciation.
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For the following set of cash flows, Year Cash Flow 0 –$6,200 1 6,200 2 3,600 3 6,400 a. What is the NPV at a discount rate of 0 percent? b. What is the NPV at a discount rate of 14 percent? c. What is the NPV at a discount rate of 24 percent?
a. At a discount rate of 0 percent, the net present value (NPV) of the cash flows is $10,000.
b. At a discount rate of 14 percent, the NPV is approximately $5,347.
c. At a discount rate of 24 percent, the NPV is approximately -$1,247.
a. When the discount rate is 0 percent, the NPV is simply the sum of the cash flows. In this case, the cash flow at Year 1 is $6,200, at Year 2 is $3,600, and at Year 3 is $6,400. Therefore, the NPV is calculated as $6,200 + $3,600 + $6,400 = $10,000.
b. To calculate the NPV at a discount rate of 14 percent, we need to discount each cash flow to its present value and then sum them up. The present value (PV) of each cash flow is obtained by dividing it by (1 + discount rate) raised to the power of the respective year. For Year 0, the cash flow is -$6,200, which remains unchanged since there is no discounting. For Year 1, the cash flow of $6,200 is divided by (1 + 0.14) to the power of 1, resulting in a present value of approximately $5,438. For Year 2, the cash flow of $3,600 is divided by (1 + 0.14) to the power of 2, resulting in a present value of approximately $2,848. For Year 3, the cash flow of $6,400 is divided by (1 + 0.14) to the power of 3, resulting in a present value of approximately $4,870. Summing up the present values, we get $5,438 + $2,848 + $4,870 = $13,156. Subtracting the initial cash flow of -$6,200, we find that the NPV is approximately $5,347.
c. Similarly, at a discount rate of 24 percent, we calculate the present value of each cash flow. For Year 0, the cash flow remains -$6,200. For Year 1, the present value is approximately $5,000, obtained by dividing $6,200 by (1 + 0.24) to the power of 1. For Year 2, the present value is approximately $2,419, obtained by dividing $3,600 by (1 + 0.24) to the power of 2. For Year 3, the present value is approximately $2,353, obtained by dividing $6,400 by (1 + 0.24) to the power of 3. Summing up the present values, we get $5,000 + $2,419 + $2,353 = $9,772. Subtracting the initial cash flow of -$6,200, we find that the NPV is approximately -$1,247.
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Which is the first step in setting a financial goal?
a. setting aside leftover income
b. reducing your spending
c. tracking your spending
d. starting a second source of income
Answer:
All four actually.
Explanation:
In order to reach a financial goal you need to:
1. Save Money
2. Set and manage a budget (usually a monthly budget listing all your known expenses works)
3. Track your spending, and keep managing your budget.
4. Reduce your spending. If you are trying to reach a goal, a great line of thinking is “Only buy what you Need, Not what you Want”
5. If you are trying to reach a set financial goal quickly, then yes, it makes sense to find a secondary source of income, such as a part time job, or start a selling site on EBay, for items you don’t use anymore, etc.
Answer: B. reduce your spending.
Explanation: by not spending money this will allow you to save money for your financial goal.
What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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Shark tank led to a partnership with barbara corcoran, a real estate tycoon who invested $55,000 for 15 percent in the business. she also served as a mentor who encouraged them to go into franchising. barbara corcoran is considered a(n)
Shark tank led to a partnership with barbara corcoran, a real estate tycoon who invested $55,000 for 15 percent in the business. she also served as a mentor who encouraged them to go into franchising. barbara corcoran is considered a(n) Self confidence.
What are the 4 elements in implementing a business plan explain every and consist of additionally the sub factors?The government summary, advertising and marketing plan, key administration bios, and financial graph commercial enterprise graph sections are crucial and should be blanketed in all commercial enterprise plans. Additional sections can be brought to these four when focused on particular purposes and audiences.
The administration section of a enterprise sketch helps exhibit how your management crew and organization are structured. The first area suggests the ownership structure, which may be a sole proprietorship, partnership, or enterprise
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https://brainly.com/question/25311149#SPJ4The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States . . .; To borrow Money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes. —Constitution of the United States, Article I, Section 8 Which of these are expressed powers granted by this part of Article I, Section 8? Check all that apply.
Answer:
To lay and collect Taxes, Duties, Imposts and ExcisesTo pay the Debts and provide for the common Defense and general Welfare of the United States. To borrow Money on the credit of the United States.To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.Explanation:
Congress as a Federal governmental branch, has the power to undertake certain things for the United States as a whole instead of for individual states. Article 1, Section 8 of the Constitution shows these powers which include: Congress will be able to collect taxes on from all states as well as duties, imposts and excises for the entire country.
Congress shall also be able to pay off debt and pass budgets for the defense of the nations. They will be able to borrow for the entire nation on the credit of the U.S. as a whole.
And finally, they can regulate commerce with foreign states and among the various states themselves but not within and as Indian tribes are seen as partly sovereign, only Congress can make deals with them as well.
Answer:
1. lay and collect taxes and duties
2. pay debts
5. borrow money
6. regulate commerce with foreign nations
The term _________________ refers to the additional utility provided by one additional unit of consumption.
Answer:
Marginal Utility
Explanation:
Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.
For example, the first bite of a cupcake could be 20 utils.
If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.
Pennsylvania Paper Inc., a producer of paper products, reported the following financial numbers for the fiscal year 2021:
Net income: $60 million
Earnings per share: $3.5
Dividends per share: $1.25
Market value debt-to-equity ratio: 10%
Book value of equity: $260 million
Equity beta: 0.9 (unlevered beta is expected to stay constant)
Corporate tax rate: 25%.
The firm expects to maintain these financial fundamentals from 2022 to 2026, after which it is expected to become a mature firm whose financial characteristics will approach the industry averages as given below:
Earnings growth: 5%
Debt/equity ratio: 30%
Interest rate on debt: 5%
Return on capital: 10%
The Treasury bond rate is 2% and the expected market risk premium is 4.5%.
Part 1
What is the expected growth rate in earnings for the period from 2022 to 2026?
Part 2
What is the expected payout ratio after 2026?
Part 3
What is the expected beta after 2026?
Part 4
What is the expected stock price at the end of 2026 (in $)?
Part 5
What is the current value of the stock (in $)?
Part 6
How much of this value is due to extraordinary (as opposed to stable) growth (in $)?
Part 7
How much of this value is due to stable (as opposed to no) growth (in $)?
1. The expected growth rate in earnings for the period from 2022 to 2026 is 5%.
2. The expected payout ratio after 2026 is 50%.
3. The expected beta after 2026 remains the same as the equity beta, which is 0.9.
4. The expected stock price at the end of 2026 is $68.18.
5. The current value of the stock is $45.45.
6. The value due to extraordinary growth is $13.64.
7. The value due to stable growth is $31.81.
1. The expected growth rate in earnings for the period from 2022 to 2026 is given as 5%, as stated in the question.
2. The payout ratio after 2026 is calculated by subtracting the expected growth rate from the return on capital. Therefore, the payout ratio is 1 - 0.05 = 0.95, or 95%.
3. The expected beta after 2026 remains the same as the equity beta, which is given as 0.9 in the question.
4. To calculate the expected stock price at the end of 2026, we use the Gordon growth model. The formula is Stock price = Dividends per share / (Required return - Dividend growth rate). Using the given data, the stock price at the end of 2026 is $68.18.
5. The current value of the stock can be calculated using the Gordon growth model with a stable growth rate of 5%. The formula becomes Stock value = Dividends per share / (Required return - Stable growth rate). Using the given data, the current value of the stock is $45.45.
6. The value due to extraordinary growth is the difference between the stock price at the end of 2026 and the current value of the stock, which is $13.64.
7. The value due to stable growth is the current value of the stock minus the value due to extraordinary growth, which is $31.81.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
Harry and Hanson were partners in a firm sharing profits and losses in the ratio 3:2. Their capital was $300,000 and $150,000 respectively and they were entitled to interest on capital of 25% per annum. At the end of the firm's financial year December 31, 2019, the firm earned profit of $180,000 after allowing for interest on capital. Given this information, the profits that will be distributed among the partners will be:
Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Based on the information given the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
Given:
Profits and losses sharing ratio=3:2
Profit earned=$180,000
Hence:
Profit sharing
Harry Profit=3/(3+2)×$180,000
Harry Profit=3/5×$180,000
Harry Profit=$108,000
Hanson Profit=2/(3+2)×$180,000
Hanson Profit=2/5×$180,000
Hanson Profit=$72,000
Inconclusion the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
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Next Managing Files and Directories: Mastery Test 2 Select the correct answer from each drop-down menu. How will you identify a file type on your computer? that A file type is the standard used to determine which program to use to and Information in a computer. All file types have unique cular file and to access its data. create data Reset Next code data store data
Complete Question:
How will you identify a file type on your computer? A file type is the standard used to (A. create data B. code data C. store data) and information in a computer. All file types have unique( A. names B. codes C. file extenstion) that determine which program to use to open a particular file and to access its data.
Answer:
1) C. store data.
2) C. file extenstion.
Explanation:
A file type is the standard used to store data. All file types have unique file extension that determine which program to use to open a particular file and to access its data.
a) Use an appropriate diagram, to explain how the Permanent Income Theory of Consumption reconciles the results of cross-section and time series estimate of the Keynesian aggregate consumption function. (15 marks)
(b) With the help of a diagram, explain the effect of an increase in nominal income on interest rate.
a) The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
b) Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
Explanation:
a) The Permanent Income Theory of Consumption (PITC) reconciles the differences between cross-section and time-series estimates of the Keynesian aggregate consumption function by emphasizing on the long-run relationship between consumption and income.PITC predicts that people's consumption is a function of expected permanent income rather than current income. This theory suggests that individuals base their consumption on a lifetime average of their income, not just the current level of their income. According to PITC, consumption is calculated as a linear combination of current income and expected permanent income, which can be expressed as follows: Ct = aYt + bPt, Where,
Ct = Consumption
Yt = Current income
Pt = Permanent income
The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
This consumption function depicts that when permanent income increases, consumption will also increase. PITC recognizes that households consume a portion of their permanent income in addition to a portion of their current income. The increase in permanent income may not result in an immediate increase in consumption, but it will boost the consumption function over time.
b) An increase in nominal income will increase the demand for money. This increase in money demand will result in a rightward shift of the money demand curve. The increase in the money demand curve will raise the equilibrium nominal interest rate and cause the real interest rate to increase, as shown below:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
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A type of entry mode that is common in the chemical, pharmaceutical, and petroleum-refining industries in which a contractor agrees to handle every detail of a project for a foreign client is called ______.
The turnkey project enables the contractor tp agrees to handle every detail of a project to the foreign client.
A Turnkey project refers to a project designed and constructed in a way to allows sales to potential buyer as a completed product.\
A large numbers of government-owned public housing projects are turnkey projects
So, in turnkey project, the contractor will agrees to handle every detail of a project to the foreign client because it has been sold by the owner.
Therefore, the correct answer is Turnkey project.
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business do not maximise output from the given inputs
Answer:
Allocative inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
Basically, there are two (2) types of inefficiency associated with the production of goods and services to meet the unending requirements or needs of consumers, these includes;
1. Technical (productive) inefficiency: it occurs when a company or business firm produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
2. Allocative inefficiency: it occurs when a company or business firm do not maximise output from the given inputs such as raw materials, capital, etc. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
Hence, when a business do not maximise output from the given inputs, it is referred to as an allocative inefficiency.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.