after the enron oil mini scandal, ken lay turned to _________ to come up with the next big moneymaker.
Answers
After the Enron scandal, Ken Lay turned to Andrew Fastow, Enron's former Chief Financial Officer, to come up with the next big moneymaker.
Fastow was instrumental in the creation of the off-balance-sheet Special Purpose Entities (SPEs) that were used to hide Enron's debt and inflate its profits, which ultimately led to Enron's downfall.
Despite this, Lay continued to rely on Fastow's financial expertise and trusted him to come up with new ways to generate profits for the company. However, Fastow's subsequent actions also led to his own downfall, as he was later convicted of fraud and sentenced to prison.
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Related Questions
As an economy increases its aggregate output toward full employment output, the level of wage and price stickiness in a sras curve:_______
Answers
The degree of wage and price stickiness in an SRAS curve diminishes as an economy moves closer to full employment in terms of aggregate output.
The total amount of production created and delivered in the economy over a specific period of time is known as aggregate output. The entire money earned by all economic output forces over a specific time period is known as aggregate income. The total amount of money that people and businesses make within the economy is known as aggregate income. The entire income is not adjusted for taxes or inflation. Aggregate income reveals how much money people and firms actually make, as opposed to aggregate output, which describes all the goods and services generated in an economy.
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The revenue generated from a tax equals the:
a) amount of the good sold times the original price of the good.
b) amount of the tax times the quantity sold after the tax is imposed.
c) total social welfare lost as a result of the tax.
d) deadweight loss from the tax.
e) total consumer and producer surplus before the tax.
Why do shortages develop under a binding price ceiling?
a) It encourages sellers to produce more of the product.
b) It encourages buyers to purchase less of the product.
c) It makes the price so low that the quantity demanded exceeds the quantity supplied in the legal market.
d) It makes the price so low that the quantity demanded exceeds the quantity supplied on the black market.
e) It encourages sellers to increase the quality of the product they sell, which, in turn, increases the quantity demanded.
Why does a surplus exist under a binding price floor?
a) It encourages sellers to produce less of the product.
b) It encourages buyers to purchase more of the product.
c) It makes the price so high that the quantity supplied exceeds the quantity demanded in the legal market.
d) It makes the price so low that the quantity demanded exceeds the quantity supplied on the legal market.
e) It discourages sellers from increasing the quality of the product they sell, which, in turn, increases the quantity demanded.
Answers
The revenue generated from a tax equals the amount of the good sold times the original price of the good. So, the correct option is a.
What is tax?
A tax is a legitimate financial burden that a country's government imposes on its citizens' income. It will assist the government in raising money to accomplish various social goals and settle debts.
Tax revenue is the money received as a result of the tax. The revenue of the government is what they can use to grow and improve an economy. Mathematically, it is calculated by multiplying the product's price by the number of units it has sold in the marketplace. That is
Total revenue is equal to the product's original cost multiplied by the quantity sold.
The overall surplus includes tax revenue. The producer surplus that existed before to the tax will now make up a portion of the tax collection.
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In the U.S., shoe sizes are defined differently for men and women, but in Europe, both sexes use the same shoe size scale. The accompanying histogram shows the European shoe sizes of 269 male and female college students, converted from their reported U.S. shoe sizes. What might be the problem with either the mean or the median as a measure of center?
a. The distribution is bimodal, so it is more useful to report the modes than the mean or median.
b. The distribution does not have any modes, because it is uniform.
c. The distribution has one mode from 44 to 49. This is due to the students having noughly the same mean shoe size.
d. The distribution has one mode from 38 to 40. This is due to the students having noughly the same mean shoe size.
Answers
The problem with using the mean or median as a measure of center is that a) the distribution of the data is bimodal, indicating that there are two distinct groups of shoe sizes.
The histogram shows that one group has shoe sizes from 38 to 40, while the other group has shoe sizes from 44 to 49. This suggests that the two groups have roughly the same mean shoe size, but different distributions.
Therefore, the mean or median are not good measures of center because they do not accurately reflect the underlying distribution of the data. It would be more useful to report the modes instead, which represent the most frequent shoe sizes in the data.
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How do the events of the nation affect the national debt?
Answers
Answer: Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.
Explanation:
If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.Which aspect of diversity can be positive or negative? A (blank) can be negative or a positive.
Answers
Answer:
Positive aspects of diversity is that no one is the same. Everyone is their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.
Explanation:
i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...
Answer:
stereotyping
Explanation:
Which of the following is a characteristic of an oligopoly market structure?
a. Many firms
b. Price equals marginal revenue
c. Strategic interdependence
d. A unique product
Answers
Strategic Interdependence is a characteristic of an oligopoly market structure.
In an oligopolistic market, where there are few firms and the items are highly correlated, each firm depends on the others to maximize profit. In order to corner the market, they jointly decide on price and output. A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact. The market share of the major companies is calculated using the concentration ratio.
A market with a monopoly has just one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough such that each firm's activities have a major impact on the others. Oligopolies can be created, maintained, or dismantled as a result of economic, legal, and technological considerations. The prisoner's dilemma that each member faces, which motivates each member to cheat, is the main challenge that oligopolies face.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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On March 31, 2021, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $1,040,000 to the various types of assets along with estimated useful lives and residual values are as follows:
Asset Cost Estimated Residual Value Estimated Useful
Life (in years)
Land $ 120,000 N/A N/A Building 540,000 none 25 Equipment 200,000 10% of cost 6 Vehicles 180,000 $ 15,000 10 Total $ 1,040,000 On June 29, 2022, equipment included in the March 31, 2021, purchase that cost $104,000 was sold for $84,000. Herzog uses the straight-line depreciation method for building and equipment and the double-declining-balance method for vehicles. Partial-year depreciation is calculated based on the number of months an asset is in service.
Required:
1. Compute depreciation expense on the building, equipment, and vehicles for 2021.
2. Prepare the journal entries to record the depreciation on the equipment sold on June 29, 2022, and the sale of equipment.
3. Compute depreciation expense on the building, remaining equipment, and vehicles for 2022.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Compute depreciation expense on the building, remaining equipment, and vehicles for 2022. (Do not round intermediate calculations.)
Depreciation Expense
Building $21,600
Equipment $14,400
Vehicles $21,038
Answers
Required 1: Total depreciation expense for 2021: $66,100
Required 2: Accumulated depreciation for the equipment sold is : $28,000 / 12 x 15 = $30,667
Required 3: The equipment sold on June 29, 2022, is no longer included in the depreciation calculation for 2022. The remaining equipment cost is $96,000, and the remaining useful life is 4 years, or 48 months.
What is depreciation expense?
Required 1:
Depreciation expense for 2021:
Building: $540,000 / 25 = $21,600
Equipment: ($200,000 - 0.10($200,000)) / 6 = $28,000
Vehicles: ($180,000 - $15,000) / 10 = $16,500
Total depreciation expense for 2021: $66,100
Required 2:
Journal entries:
To record depreciation on equipment:
Depreciation Expense - Equipment 8,667
Accumulated Depreciation - Equipment 8,667
To record sale of equipment:
Cash 84,000
Accumulated Depreciation - Equipment 30,667
Equipment 104,000
Gain on Sale of Equipment 10,667
(Note: Accumulated depreciation for the equipment sold is calculated as follows: $28,000 / 12 x 15 = $30,667)
Required 3:
Depreciation expense for 2022:
Building: $540,000 / 25 = $21,600
Equipment: ($200,000 - $104,000 - 0.10($200,000 - $104,000)) / 6 = $14,400
Vehicles: ($180,000 - $15,000 - 0.2($180,000 - $15,000)) / 10 = $21,038
(Note: The equipment sold on June 29, 2022, is no longer included in the depreciation calculation for 2022. The remaining equipment cost is $96,000, and the remaining useful life is 4 years, or 48 months.)
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answer this question plz I don't know it
Answers
Answer:
1st: a
2nd: a
3rd: a
Explanation:
Answer:
share with your parents and other family members about this lesson your family may be interested about your atory your trimphs and struggles use this lesson on developing your academic andpersonal social skills your strengths and weaknesses can be a factor that can influence your decisions in the future
One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
Answers
What is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely
Answers
Which of the following would be a scientific theory? A the hypothesis that if you increase the temperature of water, then sugar will dissolve quicker B the statement that objects in motion tend to stay in motion C a belief in ghosts that humans cannot see or feel D an explanation of why global temperatures are rising
Answers
Answer:
D an explanation of why global temperatures are rising
Explanation:
true or false there is general agreement as to which economic policies are fair, or equitable.
Answers
False, there is not general agreement as to which economic policies are fair or equitable. Different groups and individuals have different beliefs and priorities when it comes to economic policies, and what one person may view as fair, another may view as unjust.
For example, some may believe that progressive taxation, in which higher-income individuals pay a larger percentage of their income in taxes, is a fair economic policy, while others may view it as unfairly penalizing the wealthy. Similarly, some may view free trade agreements as promoting economic growth and fairness, while others may see them as benefiting certain groups at the expense of others.
Overall, there is no consensus on what constitutes fair economic policies, and debates about the fairness of different policies continue to be a major part of political and economic discourse.
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Recurring upswings and downswings in an economy's real GDP over time are called A. recessions. B. business cycles. C. output yo-yos. D. total product oscillations.
Answers
Business cycles. Recurring upswings and downswings in an economy's real GDP over time are commonly referred to as business cycles.
Business cycles are characterized by alternating periods of expansion (economic growth), peak (highest point of economic activity), contraction (economic decline), and trough (lowest point of economic activity). These cycles reflect the natural fluctuations in economic activity that occur due to various factors, including changes in consumer spending, investment levels, government policies, and global economic conditions.
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What is one big decision you have made in the last few months? How did you make that decision?
Answers
Answer:
Decided to setup my new pc. The urge of having something new is what made me do it.
Explanation:
100% :-)
Answer:decided to go into construction
Explanation:
Read the graph below.
Unemployment Rates and Median Weekly Earnings, 2006
Unemployment Rate (percent)
Median Weekly Earnings (U.S. Dollars)
1.4% Doctoral Degree $1,441
1.1% Professional Degree S1,474
1.7%
Master's Degree $1,140
2.3% Bachelor's Degree S962
3.0% Associate Degree $721
3.9%
Some College
S674
4.3% High School Grad $595
6.8% Some High School S419
Source: U.S. Bureau of Labor Statistics, Current Population Survey
Which conclusion can be supported by the information in the graph above?
O People with a professional degree earn more than twice as much as people with a bachelor's degree.
O People with a master's degree earn nearly twice as much as those with a high school education.
O People with a doctoral degree are half as likely to be unemployed as people with a bachelor's degree.
O People with some college education are half as likely to be unemployed as people with some high school education.
Answers
Answer:
C. People with a doctoral degree are half as...
Explanation:
Answer:
People with a doctoral degree are half as likely to be unemployed as people with a bachelor's degree.
Explanation:
I'm smart also there is the same graph with same question and different answers so if your looking for that the correct answer is Obtaining a doctoral degree offers the lowest risk of unemployment and greatest potential weekly earnings.
"Which of the following is NOT correct? Group of answer choices Roadrailers are considered a multimodal solution when all of their capabilities are utilized. Packaging is a logistics activity. The difference between a contract carrier and a common carrier is that the common carrier handles shipments on a case-by-case basis while the contract carrier handles shipments based on long term contracts. Assortment warehousing is a form of warehousing that combines classic operations with light manufacturing and packaging duties in order to assure short customer lead times."
Answers
Answer:
Assortment warehousing is a form of warehousing that combines classic operations with light manufacturing and packaging duties in order to assure short customer lead times.
Explanation:
Warehousing
This have different points of view. The traditional view about warehousing is that it is a place used in for storage or holding of goods/ inventory
The contemporary opinion about warehousing is that it is has function set in place to mix inventory assortments to meet the need of customer. It deals with the storage of products which is held to a minimum.
Warehousing types
This includes;
1. Distribution centers
2. Consolidated terminals
3. Break-bulk facilities
4. Cross-dockers
assortment warehousing
This is a known form of warehousing. It consists of when different type of goods is held close to the source of demand in order to assure short customer lead time.
Suppose a single - price monopoly sells 3 units of a good at $20 per unit. if the monopoly sells 4 units, the total revenue increases to $72. what price is being charged for 4 units?
Answers
The price being charged for 4 units is $60.
The price being charged for 4 units can be calculated using the concept of marginal revenue. Marginal revenue is the additional revenue generated by selling one more unit of a good.
Given that the monopoly sells 3 units at $20 per unit and the total revenue increases to $72 when 4 units are sold, we can determine the marginal revenue for the 4th unit.
Total revenue for 3 units is 3 units x $20 = $60.
The increase in total revenue from selling 3 to 4 units is $72 - $60 = $12.
To find the price for 4 units, we need to divide the increase in revenue by the increase in quantity (from 3 to 4 units).
The marginal revenue for the 4th unit is $12 ÷ 1 unit = $12.
Now, to determine the price for 4 units, we subtract the marginal revenue from the total revenue for 4 units:
Total revenue for 4 units is $72.
Price for 4 units = Total revenue for 4 units - Marginal revenue for 4th unit
Price for 4 units = $72 - $12 = $60.
Therefore, the price being charged for 4 units is $60.
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Orlando invested $16,000 in an eight-year CD bearing 6. 5% simple annual interest, but needed to withdraw $3,500 after five years. If the CD’s penalty for early withdrawal was one year’s worth of interest on the amount withdrawn, when the CD reached maturity, how much less money did Orlando earn total than if he had not made his early withdrawal? a. $227. 50 b. $682. 50 c. $910. 00 d. $455. 0.
Answers
The amount earned less by Orlando if he had made his early withdrawal is $3,727.50
Computation:
Given,
Principal amount =$16,000
Simple interest rate =6.5%
Time period =8 years
Future value =$3,500, after 5 years
The formula of future value will be used to determine the difference amount earned irrespective of the early payments.
\(\begin{aligned}F&=P+(P\times i \times t)\\&=\$16,000+\$16,000\times0.065\times8\\&=\$24,320\end{aligned}\)
Now, the same formula will be used for the payment received after 5 years.
\(\begin{aligned}F_1&=F-[\text{Withdrawal}-(\text{Withdrawal}\times i )]\\&=\$24,320-[\$3,500-\$3,500\times0.065\\&=\$20,592.50\end{aligned}\)
The amount earned less is the difference between the future value of the principal and the future value of the withdrawn amount.
\(\begin{aligned}\text{Amount}&=F-F_1\\&=\$24,320-\$20,592.50\\&=\$3,727.50\end{aligned}\)
Therefore, the given options are incorrect and the correct amount is $3,727.50 that is less money Orlando earned in total without the early payments.
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Scott, Mark, and Joe want to buy into a restaurant franchise. Joe is an accountant. Mark has previous restaurant experience as a server and manager. Scott is an attorney. In order to open this franchise, they must commit to opening 3-5 stores and are required to have $10 million in liquid assets (Cash is a highly liquid asset followed by the banking accounts, checkable account, short-term promissory notes, treasury bills and other government bonds. ) They currently do not have the required liquid assets. Which business organization will be the best for this situation and how will they solve their money problems?
Answers
Given their diverse backgrounds and lack of sufficient liquid assets, a limited liability partnership (LLP) would be the most suitable business organization for Scott, Mark, and Joe.
This type of partnership allows for individual liability protection while still allowing for shared profits and management responsibilities. To address their money problem, the group can explore various options. One option would be to seek out investors who are willing to contribute the necessary funds in exchange for a percentage of ownership and profits.
Another option would be to secure a loan from a financial institution or private lender. In order to increase their chances of approval, they can develop a comprehensive business plan that outlines their strategies for success and projected financial performance.
Additionally, Scott, Mark, and Joe could also consider alternative means of financing such as crowdfunding or seeking out grants or subsidies from government agencies or non-profit organizations. It may also be beneficial for them to seek guidance and advice from a financial advisor or business consultant to help them make informed decisions and develop a strong financial plan for their franchise venture.
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learning specific facts about another cultural group sich as it s
Answers
Learning about a culture's traditions, customs, language, and history helps foster positive intercultural interactions.
When individuals take the time to learn specific facts about another cultural group, it allows for a deeper understanding and appreciation of that culture. It involves acquiring knowledge about various aspects, including traditions, customs, language, history, and values. By gaining this knowledge, individuals can develop a more nuanced perspective and avoid stereotyping or making assumptions about the cultural group.
Learning specific facts about another cultural group helps to bridge gaps and foster positive intercultural interactions. It encourages individuals to engage in meaningful conversations, ask questions, and seek authentic information from reliable sources.
Moreover, understanding specific facts about another culture promotes cultural sensitivity and avoids potential misunderstandings or offensive behavior. It enables individuals to navigate diverse cultural contexts with greater awareness, adaptability, and appreciation for cultural differences. By learning specific facts, individuals can build connections, celebrate diversity, and contribute to a more inclusive and culturally diverse society.
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when the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called
Answers
When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called free trade.
Free trade agreements are agreements between governments that allow access to each other's marketplaces. FTAs can force local sectors to become more competitive and rely less on government support.
The following are some characteristics of free trade agreement :-
• FTAs may force local industries to improve and become less reliant on government assistance.
• They may draw in fresh capital, open up new markets, and increase GDP.
• The degradation of a nation's natural resources, the demise of its traditional ways of life, and local employment instability are only a few of the problems that FTAs may subject a country to.
• Countries must balance the benefits of free trade agreements on the domestic level with their negative repercussions.
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which type of tax is applied uniformly so that lower-income individuals are paying a higher percentage of their earnings on the tax compared to high-wage individuals?(1 point)
Answers
The type of tax that is applied uniformly so that lower-income individuals are paying a higher percentage of their earnings on the tax compared to high-wage individuals is a progressive tax.
A progressive tax is a tax system in which the tax rate increases as the taxable amount increases. This means that individuals with higher incomes are taxed at a higher rate than those with lower incomes, and that lower-income individuals are paying a higher percentage of their earnings on the tax compared to high-wage individuals.
A regressive tax is a type of tax that is applied uniformly, meaning that everyone pays the same percentage of their income, regardless of how much they earn. However, lower-income individuals end up paying a higher percentage of their earnings on the tax compared to high-wage individuals. This is because the tax is not adjusted based on income level, so those who earn less have to pay a larger percentage of their income towards the tax. Examples of regressive taxes include sales tax and payroll tax.
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this is for ap-ex learning
_____ is important because it helps you create a plan to complete all tasks.
A. A long-term goal
B. Prioritization
C. A short-term goal
D. An instant goal
Answers
Answer:
B. Prioritization
Explanation:
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business managers need a set of ethical guidelines to help them ___
multiple choice a. understand the changing customs throughout the world. b. justify their own self-serving solutions.
c. identify and analyze the nature of an ethical problem. d. decide which action is likely to bring the best financial result.
Answers
Business managers require a set of ethical guidelines to help them identify and analyze the nature of an ethical problem. Therefore, option C is the correct answer.
What are the ethical guidelines that business managers require?It is essential for business managers to understand ethical standards and principles. In this way, they will be better equipped to handle ethical problems and take the appropriate measures. Furthermore, ethical principles provide a basis for ethical reasoning in the business world.
An ethical dilemma refers to a conflict between two or more moral principles. These dilemmas can arise in many areas of a business, such as marketing, human resources, and management. Therefore, business managers need ethical guidelines to assist them in identifying and resolving ethical issues in the workplace.
The ethical guidelines should align with the company's values, mission, and goals. They should also guide business managers on how to handle conflicts of interest, bribery, discrimination, harassment, and other ethical issues.
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"Please answer all parts.
The December 31,2024 , adjusted trial balance for Coyote Corporation is presented below. Required: 1. Prepare an income statement for the year ended December \( 31,2024 . \) 2. Prepare a statement of"
Answers
The December 31, 2024, adjusted trial balance for Coyote Corporation provides the necessary information to prepare an income statement for the year ended December 31, 2024, and a statement of retained earnings.
To prepare the income statement, we need to gather the revenue and expense accounts from the trial balance. Revenues such as sales, service income, and other operating income are listed as credits. Expenses, including cost of goods sold, salaries and wages, rent, utilities, and other operating expenses, are listed as debits. By subtracting the total expenses from the total revenues, we can determine the net income or loss for the period. After preparing the income statement, we can use the net income figure to calculate the statement of retained earnings. The statement of retained earnings shows the changes in retained earnings from the beginning to the end of the period.
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when a company starts a new division and recruits people to do the work, which aspect of its internal environment is it most directly changing? owners culture physical environment employees
Answers
When a company starts a new division and recruits people to do the work, it is most directly changing its employees, which is an aspect of its internal environment.
The internal environment of a company refers to the factors and conditions that exist within the organization and directly influence its operations and performance. It encompasses various elements, including the company's culture, physical environment, employees, and more.
However, when a company starts a new division and hires individuals to work in that division, the most immediate and direct change occurs in the employees aspect of the internal environment. The addition of new employees brings in fresh talent, skills, and perspectives into the company. It affects the composition of the workforce, leading to changes in the dynamics, teamwork, and overall capabilities of the organization.
The new division and the recruitment process can also have indirect effects on other aspects of the internal environment. For example, it may impact the company's culture as the new division's employees contribute their own values, work styles, and attitudes. Additionally, the physical environment may be altered to accommodate the needs of the new division, such as providing office space, equipment, or resources specific to their work.
However, it is important to note that all aspects of the internal environment are interconnected, and changes in one aspect can have ripple effects on others. Therefore, while the immediate and direct change occurs in the employees aspect, the introduction of a new division and recruitment process can have broader implications on the overall internal environment of the company.
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A lender checking Jason's credit score for an auto loan would likely notice that...
Answers
When a lender checks the credit score of Jason for an auto loan, they would most likely notice that b. He paid off a car loan after making every payment for 4 years.
Lenders checking credit scores:
Usually pay more attention to related loans Only bother with the credit score of the person in question not their relativesThe loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.
In conclusion, a lender for an auto loan will most likely notice an auto loan history.
Options for this question include:
a. His savings account has more than $3000 in it
b. He paid off a car loan after making every payment for 4 years
c. When he stopped paying his credit card for 3 months 9 years ago
d. The credit scores of his family, including his parents and his wife if he is married
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John takes $100 of currency from his wallet and deposits it into his checking account. If the bank adds the entire $100 to reserves, the money supply _____, but if the bank lends out some of the $100, the money supply _____.
Answers
Answer:
John takes $100 of currency from his wallet and deposits it into his checking account. If the bank adds the entire $100 to reserves, the money supply WILL NOT CHANGE, but if the bank lends out some of the $100, the money supply WILL INCREASE.
Explanation:
Any monetary injection to the banking system will increase the money supply only if the banking system (the whole set of banks) lends the money. The total effect is calculated by the increase in money x the money multiplier. The money multiplier = 1 / required reserves.
If the bank does not lend the money, then the money supply will not change.
The commissioner obtains a restraining order against a person who has violated an insurance law. the person continues the violation for 15 days. the person will have to pay a fine of?
Answers
In general, the penalty for violating an insurance law is a civil fine. The amount of the civil fine depends on the severity of the violation and can be as high as $5,000 per violation.
What are the benefits of a restraining order?A restraining order is a criminal record that prohibits one character from contacting some other character.
The blessings of a restraining order are the following:
Helping to guard the sufferer against in addition abuse Preventing the wrongdoer from violating any orders or laws Protecting the sufferer's own circle of relatives participants and different capacity sufferers to get a restraining order, the sufferer has to first record a petition with the courtroom docket. The petition must be filed via way of means of the sufferer. The wrongdoer has to signal a sworn declaration agreeing to observe the order and now no longer touch the sufferer. The courtroom docket will then trouble a restraining order.To learn more about Insurance law, visit:
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