The statement of changes in equity is the financial statement that summarizes the changes in the balance of each equity over time.
This statement shows how the balances of the company's equity accounts, such as common stock, retained earnings, and additional paid-in capital, have changed during the period covered by the financial statements. It includes information on net income, dividends, stock issuances, and other transactions that affect the equity accounts.
The statement of changes in equity is a key component of a company's financial statements and is used by investors and analysts to evaluate the company's performance and financial position.
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For his business, Nicholas leased equipment valued at $23,000. The terms of the lease required payments of $1,800 every month. If the first payment is due nine months after the lease was signed and interest is 11% compounded monthly, what is the term of the lease? (5 marks)
The term of the lease is 39 months, with monthly payments of $1,800.
To calculate the term of the lease, we need to determine the number of months it takes to accumulate a future value of $23,000 when making monthly payments of $1,800 with an interest rate of 11% compounded monthly.
First, let's calculate the future value of the lease payments. The first payment is due nine months after the lease was signed, so we need to calculate the future value of 30 monthly payments (39 months - 9 months). We can use the formula for future value of an ordinary annuity:
Future Value = Payment Amount * [(1 + interest rate)^(number of periods) - 1] / interest rate
Plugging in the values, we have:
$23,000 = $1,800 * [(1 + 0.11)^(30) - 1] / 0.11
Now, we can solve this equation to find the number of periods (months). By solving this equation, we find that the number of periods is approximately 39 months.
Therefore, the term of the lease is 39 months.
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If Vito, Inc. has an inventory turnover ratio of 5 times, then its average days to sell inventory must be ______.
The average days for Vito, Inc to sell inventory must be 73 days.
What is inventory turnover ratio?Inventory turnover is the rate that inventory stock is sold, or used, and replaced. It shows many times a company has sold and replaced inventory during a given period.
Given the above information,
Average days to sell inventory = 365 days / Inventory turnover ratio
Average days to sell inventory = 365 / 5
Average days to sell inventory = 73 days
Hence, the average days for Vito, Inc to sell inventory must be 73 days.
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As a student of business you recognize that the HR director believes that a person holding this postiion would be motivated by:_____.
As a student of business, you recognize that the HR director believes that a person holding this position would be motivated by job enrichment.
Job enrichment is the system of including motivators to current roles which will increase satisfaction and productivity for the worker. this could be done thru increasing autonomy, skill and assignment range, presenting feedback, and so on.
The difference between process enrichment and activity expansion is fine and amount. Task enrichment means improvement, or growth with the help of upgrading and development, while job growth manner to features greater responsibilities and an extended workload.
Task enrichment is a method of motivating personnel in which an activity is designed to have exciting and difficult tasks which could require more skill and can grow pay.
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Aleisha wants to buy a condominium. She has the choice of buying it now or renting it with the option to buy at the end of 4 years. If she rents now, she must pay a deposit of $1,500 and pay rent of $865 per month. If she buys, she would need closing costs and her mortgage payment would be $844 a month for 4 years. How much would her closing costs need to be in order for the cost to buy to be the same as the cost to rent
When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Explanation:
A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.
Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".
Tim received a letter from his state college stating that he had been expelled from the school. The letter stated his finance professor reported him to the Dean's office for cheating and that a committee had decided to expel him. He was reminded in the letter he had been disciplined earlier that same year for plagiarizing a term paper. Tim believes his due process rights have been violated by the college. Discuss what factors should be considered to determine the validity of Tim's claim?
Answer: He should make an appeal of not given a notice and the neutral fault finding should be introduced
Explanation:
They are something's that Time has to consider to challenge the expulsion already prepared for him. He should make an appeal to a court or a higher authority for a reversal of the decision while doing this he should let the court know that he wasn't notified earlier about schools decision and that a neutral fault finder process should be introduced to investigate the whole scenario.
Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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Which of the following is a case of brand cannibalization?
A. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing brand of another manufacturer.
B. A tea manufacturer introduces a new but inferior brand of tea to promote the sales of an existing tea brand in its product mix.
C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
D. A tea manufacturer introduces a new brand of tea that has the unintended result of promoting the sales of an existing brand of another manufacturer.
Answer: C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
Explanation:
Assume that the real interest rate falls in Country Y. Which of the following will occur?
A. There will be an inflow of investment funds to Country Y and a depreciation of Country Y's currency.
B. There will be an outflow of investment funds from Country Y to other countries and a depreciation of Country Y's currency.
C. There will be an outflow of funds from other countries to Country Y, increasing the demand for Country Y's currency.
D. Residents of Country Y will no longer invest funds in other countries, limiting their investment to opportunities in Country Y.
E. There will be an increased demand for the currency of Country Y, an appreciation of its currency, and a reduction in net exports from Country Y.
If the real interest rate falls in Country Y, option A is the most likely to occur. A lower interest rate would make it less attractive for domestic residents to invest in their own country.
This could lead to an inflow of investment funds from foreign investors looking for higher returns. This would increase the demand for Country Y's currency and lead to a depreciation of other currencies.
The increased demand for Country Y's currency could also lead to a reduction in net exports as its goods become relatively more expensive for foreign buyers.
Therefore, option A best describes the likely outcome of a fall in the real interest rate in Country Y.
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within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on
Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."
The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.
Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.
Hence, in this case, it is concluded that the correct answer is "first-mover advantage."
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from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970
Answer: $0.41
Explanation:
A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.
To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:
= [(38.8 – 29.6) / 29.6] × 100%
= (9.2 / 29.6) × 100%
= 31.08%
Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:
31.08 = (X - 0.31) × 100 / 0.31
Cross multiply
(31.08 × 0.31) = 100X - 31
9.6348 = 100X - 31
100X = 9.6348 + 31
100X = 40.6348
X = 40.6348 / 100
X = 0.46348
X = 0.41
Therefore, the cost of a dozen tangerines in 1970 is $0.41
A. In the context of a pure exchange economy consisting of markets for three goods, write down the equation for (explain all notation) and state in words Walras’ Law.
B. How did the application of Walras’ Law help ensure that the mathematical properties needed to prove existence of equilibrium were satisfied in the above economy? Explain.
C. How does Walras’ Law relate to Say’s Law in (i) the above economy; (ii) when the economy includes afourth market, i.e. for money? Explain.
A. In a pure exchange economy consisting of markets for three goods, let's denote the quantities of the three goods as x, y, and z, respectively. The prices of these goods are represented by p, q, and r, respectively.
The equation representing the market clearing condition, which ensures equilibrium in the economy, can be expressed as:
px + qy + rz = 0
In words, this equation states that the sum of the products of the prices and quantities exchanged across all markets should be zero, indicating that the total value of goods exchanged is balanced and there are no excess demands or supplies.
Walras' Law is a principle derived from this equation. It states that if the market clearing condition (sum of price-quantity products equal to zero) holds for all but one market, then it must also hold for the remaining market. In other words, if all markets except one are in equilibrium, then the remaining market must also be in equilibrium.
B. The application of Walras' Law helps ensure the mathematical properties needed to prove the existence of equilibrium in the economy. In a pure exchange economy, proving the existence of equilibrium requires showing that there are prices at which the total excess demand for each good is zero. Walras' Law plays a crucial role in this proof by establishing that if all but one market are in equilibrium (excess demand is zero), then the remaining market must also be in equilibrium.
By using Walras' Law, one can construct a mathematical argument that demonstrates the existence of equilibrium by systematically considering the excess demand conditions in all markets. If Walras' Law holds, it guarantees that the excess demand condition will be satisfied in the remaining market. This helps ensure that the mathematical properties necessary for proving the existence of equilibrium are met.
C. i) In the above economy, where only markets for goods exist, Walras' Law and Say's Law are closely related. Walras' Law, as mentioned earlier, states that if all markets except one are in equilibrium, then the remaining market must also be in equilibrium. Say's Law, on the other hand, asserts that "supply creates its own demand," meaning that the act of producing goods generates income, which enables individuals to purchase those goods.
In the context of the above economy, the combination of Walras' Law and Say's Law suggests that if all markets for goods except one are in equilibrium (excess demand is zero), then the remaining market will also clear (excess demand will be zero). This implies that the economy will achieve an overall equilibrium where total demand matches total supply.
ii) When the economy includes a fourth market for money, the relationship between Walras' Law and Say's Law becomes more complex. In this case, Walras' Law continues to hold, ensuring that if all markets except one are in equilibrium, the remaining market (including the money market) must also be in equilibrium.
However, Say's Law may not hold as strictly in an economy with a money market. Money introduces a medium of exchange, and individuals may choose to hold money balances rather than immediately spending all their income. This can lead to a temporary imbalance between aggregate demand and aggregate supply, causing a gap between Say's Law and the market clearing condition.
In summary, while Walras' Law remains applicable and guarantees equilibrium across markets, the inclusion of a money market complicates the relationship between Walras' Law and Say's Law, as money introduces additional dynamics and considerations related to saving, investment, and the timing of expenditure.
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What consumer protection agency is known by the acronym SEC? a. Safe Expansion Commission b. Society of Economical Consumers c. Stock Exchange Control d. Securities and Exchange Commission.
d. Securities and Exchange Commission.
The Securities and Exchange Commission (SEC) is a U.S. government agency that is responsible for the regulation of securities market whilst also protecting investing public.
The commission enforces federal laws to protect American public who are into securities market.
Other duties of the commission includes issuance of securities of public companies, provides data, regulates the market and facilitate capital formation, as well as merger and acquisition activities.
Thus, Securities and Exchange Commission is the consumer protection agency known by the acronym SEC
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In july, lane co. Sells merchandise to avery co. On account. In august, avery pays the balance in full. The entry that lane will make to record the receipt of cash will include a credit to the _______ account.
The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.
What is Accounts Receivable?Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.
It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.
For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.
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When would job-order costing be used instead of process costing?
A job order gadget is utilized by very precise kind of businesses for costing be used instead of process costing.
Those corporations do no longer manufacture trendy products and stock them to promote to clients.
as a substitute they take orders. which means that the product is custom constructed as in keeping with the necessities of the clients. This makes job order costing hard considering the fact that in a employer that manufactures preferred products, the production can be recognized in advance and overheads may be allocated amongst merchandise. however in case of job order costing , determining what the overheads might be for the following accounting period is extraordinarily subjective and at risk of errors.corporations that comply with job order costing can't determine the exact quantity of expenses that they may incur. some of their overheads can be general and required to run the commercial enterprise while a few others may be depending on the job being performed. companies that carry out these jobs can not realize the precise costs before the process is truely finished.one of the most important problems in job order costing is the mismatch among when the citation is made and whilst the fees absolutely come to be known. costs want to be quoted earlier than beginning manufacturing. but, the prices are recognized simplest after the activity is completed.job order costing have to be used, while the manufacturing is done on particular orders.
as an example, an plane production organization or a deliver production business enterprise will make the plane or deliver best in opposition to a selected order from the client. For that particular order, the costing is accomplished below job-order costing.
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Premium bottled water (like Dasani by coke) and regular bottled water (like produced by local producer) are substitute."" Explain graphically that what will happen with the demand for premium bottled water if the price of regular bottled water decreases?
graphically, when the price of regular bottled water decreases, the demand for premium bottled water will decrease, as shown by a leftward shift in the demand curve. This reflects function the substitution effect.
The initial value of the machine is $145,500, and after 6 years, it will be worth $74,760. The difference between these two values is the total depreciation over the 6-year period:
Total depreciation = Initial value - Scrap value
Total depreciation = $145,500 - $74,760
Total depreciation = $70,740
Since the depreciation is linear over the 6-year period, we can calculate the annual depreciation rate by dividing the total depreciation by the number of years:
Annual depreciation rate = Total depreciation / Number of years
Annual depreciation rate = $70,740 / 6
Annual depreciation rate ≈ $11,790
The rule of depreciation function f is given by:
f(x) = Initial value - (Annual depreciation rate * x)
where x represents the number of years.
Therefore, the rule of depreciation function f is:
f(x) = $145,500 - ($11,790 * x)
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wait time40 daysinspection time2 daysprocess time18 daysmove time20 daysqueue time10 dayswhat is naveen's manufacturing cycle efficiency (mce) for its elevators?
Naveen's Manufacturing Cycle Efficiency (MCE) for its elevators can be calculated by dividing the value-added time by the total lead time. The value-added time includes the time spent on activities that add value to the product, while the total lead time includes all the activities involved in the production process.
The given terms can be used to calculate the value-added time and the total lead time as follows:
Value-added time = inspection time + process time = 2 days + 18 days = 20 days
Total lead time = wait time + inspection time + process time + move time + queue time = 40 days + 2 days + 18 days + 20 days + 10 days = 90 days
Therefore, the MCE can be calculated as follows:
MCE = value-added time / total lead time = 20 days / 90 days = 0.22 or 22%
This means that only 22% of the total lead time is spent on value-added activities in the production process, while the remaining 78% is spent on non-value-added activities such as waiting, moving, and queuing. Naveen can improve its MCE by reducing the time spent on non-value-added activities and increasing the time spent on value-added activities. This can be achieved by streamlining the production process, reducing the cycle time, and eliminating any bottlenecks or inefficiencies in the production process.
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what is federal income tax of someone who makes 52,000 a year in 2020
Discuss the likely impact on papua new guinea if its copper and gold mines become exhausted?
Answer:
miners might stop making income resulting in a shortage of money thus lowering income in new guinea. The mines will also be turned to landfills. which means more areas to fill with waste and dirty garbage.
Explanation:
you own a stock portfolio invested 20 percent in stock q, 18 percent in stock r, 5 percent in stock s, and 57 percent in stock t. the betas for these four stocks are 1.2, .4, 1.3, and .8, respectively. what is the portfolio beta? (do not round intermediate calculations. round your answer to 3 decimal places.)
The portfolio beta is a measure of the overall risk of a portfolio in comparison to the market. To calculate the portfolio beta, you need to know the proportion of each stock in the portfolio and their respective betas. In this case, portfolio beta is 0.813
In your case, you have provided the following information:
- Stock Q: 20% investment and beta of 1.2
- Stock R: 18% investment and beta of 0.4
- Stock S: 5% investment and beta of 1.3
- Stock T: 57% investment and beta of 0.8
To find the portfolio beta, you need to multiply the percentage investment of each stock by its respective beta, and then add these products together: Portfolio Beta = (0.20 x 1.2) + (0.18 x 0.4) + (0.05 x 1.3) + (0.57 x 0.8)
Portfolio Beta = (0.24) + (0.072) + (0.065) + (0.456) = 0.813
Therefore, the portfolio beta is 0.813 (rounded to three decimal places). This value indicates that the portfolio's risk is relatively close to the market risk, since a beta of 1 would represent a perfect correlation with the market. A lower beta implies lower risk, while a higher beta indicates higher risk. In this case, the portfolio has a moderate level of risk exposure, which can be helpful for investors in understanding the potential risks and returns associated with their investment.
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Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the project on time. Jensen put the blame on the management as he felt that it didn't provide the employees with adequate resources to successfully complete the project. In this scenario, Jensen's perception represents a(n) _____
The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.
What is bias?A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.
When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.
Hence, the defensive bias of Jensen is represented in the situation as aforementioned.
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Kay's Bridal Shoppe has 4000 shares of common stock outstanding at a price of $13 a share it also has 500 shares of preferred stock outstanding at a price of $22 a share there are 50 bonds outstanding that have a semi-annual coupon payment of $25 the Bonds mature in 4 years have a face value of $1,000 and salt at 98% of par what is the capital structure weight of the common stock
Answer:
46.43 percent
Explanation:
the capital structure weight of the common stock= Common stock value/
Preferred stock value +Common stock value+debt value
To determine the common stock= price× total shares of common stock
=(4000 shares of common stock × $13 )
=$52000
Preferred stock value= ( 500 shares of preferred stock × outstanding price of $22)=$11000
50 bonds outstanding
We have Bonds which mature in 4 years have a face value of $1,000 and salt at 98% of par , then the
98% of 1000= 98/100 ×1000=$980
Debt incurred= 50 bonds outstanding×$980
=$49000
the capital structure weight of the common stock= Common stock value/
Preferred stock value +Common stock value+debt value
= $52,000/(49000+52,000 + 11000) ×100%
=46.43 percent
The expected return on Karol Co. stock is 16.5 percent. If the risk-free rate is 5 percent and the beta of Karol Co is 1.5, then what is the risk premium on the market? 7.67% 6.10% 5.23% 4.42%
To find the risk premium on the market, we can use the Capital Asset Pricing Model (CAPM) formula:
Expected Return = Risk-Free Rate + Beta × Market Risk Premium
We are given the following information:
Expected Return on Karol Co. stock = 16.5%
Risk-Free Rate = 5%
Beta of Karol Co = 1.5
We need to find the Market Risk Premium. To do this, we can rearrange the CAPM formula:
Market Risk Premium = (Expected Return - Risk-Free Rate) / Beta
Now, we can plug in the values:
Market Risk Premium = (16.5% - 5%) / 1.5
Market Risk Premium = 11.5% / 1.5
Market Risk Premium = 7.67%
So, the risk premium on the market is 7.67%.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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What personas did Madame C.J. Walker customer base have? Explain?
Although Madame C.J. Walker's clientele was diverse, they all shared a desire for hair care products that satisfied their specific requirements and preferences.
Who was Madame C.J. Walker?Born Sarah Breedlove, Madame C.J. Walker was an African-American philanthropist and entrepreneur. She is best known for creating a successful line of beauty and hair care products for black women in the early 20th century. She was born in Delta, Louisiana, on December 23, 1867, to parents who had been enslaved.
In her early twenties, Madame C.J. Walker blamed harsh chemicals and poor hair care products for significant hair loss and scalp issues. She began experimenting with various hair care products and eventually created a formula that aided in the growth of new hair and improved the health of the scalp. She began door-to-door selling of her hair care products and quickly established a profitable business.
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Is incentive a disadvantage?
According to the given statement is It can gradually foster an attitude of entitlement, which will diminish motivation and performance.
What exactly are an advantage and a disadvantage?An advantage is any occurrence, opportunity, or strategy that is particularly favorable to achievement or any desired purpose, whereas a downside is a fault or unpleasant trait; a scam.
Can a drawback turn into a benefit?Disadvantage (physically, mental, etc psychological) is a benefit rather than a liability. It presents an opportunity for growth and development in your life that is profoundly significant. Consider how I changed careers from opera singer to clinical psychologist.
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Which of the following is a technological trend affecting consumer behavior?
O A. Using mobile devices
B. Having reference groups
O C. Meeting affiliation needs
O D. Evaluating purchases
Answer:using mobile devices
Explanation:
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
What kind of advertisements would a company be unable to measure with standardized
tests?
A company would be unable to measure
with standardized tests.
O sampling
O ad recall
O goodwill
O past advertising
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.