an attorney represented a buyer in the purchase of a restaurant. the contract, which was drafted by the seller's lawyer, specified that a portion of the purchase price ($25,000) was to be held in escrow by the attorney until certain conditions were satisfied, including the transfer of a liquor license. the attorney received a check from the buyer for $25,000 of the purchase price. the attorney placed the check in the trust account that he maintained for his clients' funds. prior to doing so, the attorney made an accounting on behalf of the numerous clients who had funds in the trust account. but, unbeknownst to the attorney, one of those clients planned on disputing the accounting. pursuant to the terms of the contract, the attorney timely filed the documents necessary to transfer the liquor license from the seller to the buyer. upon learning from the proper local authorities that the transfer of the license had been approved, the attorney transferred $25,000 from the trust account to the seller. the seller did not ask for and the attorney did not provide the seller with an accounting of the funds.

The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.

CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.

When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.

Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.

Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.

Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.

The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.

The importance of consumer behavior to marketers is discussed below:

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Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.

What is economy?

The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.

According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.

As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.

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Answer:

B. You are a good delegator.

Explanation:

Delegation involves identifying the right people for the right tasks, and it allows the project manager to focus on other important aspects of the project. By being able to identify who on the team can take on certain tasks, the project manager is demonstrating good leadership skills and effective delegation. While collaboration, conflict resolution, and motivation are also important skills for a project manager to have, they are not directly related to the ability to delegate tasks to team members.

1 - 3) The computation of the cost of goods sold, ending inventory, sales revenue, and gross profits under each inventory costing method for Rosenberg Incorporated is as follows:

                                      FIFO                         LIFO           Weighted Average

Cost of goods sold     $2,111                      $2,004                $2,053

                              ($2,699 - $588)       ($2,699 - $695)   (89 x $23.0684)

Ending inventory         $588                        $695                    $646

                               ($21 x 28)              ($575 + $24 x 5)    (28 x $23.0684)

Sales Revenue        $2,937 ($33 x 89)    $2,937                $2,937

Gross profits             $826                          $933                   $884

4) The determination of the method that results in higher profitability when inventory costs are declining is as follows:

When inventory costs are declining, the LIFO method results in higher profitability with a gross profit of $933, which is higher than the weighted average method's $884 and the FIFO method's $826.

The higher profitability results from the lower cost of goods sold with declining inventory costs used to assign costs to the cost of goods sold.

Date            Transactions         Number of Units    Unit Cost        Total Cost

Jan. 1           Beginning inventory          23                    $25              $575

Mar. 4          Purchase                            28                    $24                672

Jun. 9          Purchase                            33                    $23                759

Nov. 11         Purchase                            33                    $21                 693

Total                                                       117                                     $2,699

Sales                                                     -89

Ending inventory                                  28 (117 - 89)

Average cost per unit = $23.0684 ($2,699/117)

Cost of goods available for sale = $2,699

Cost of goods sold = Cost of goods available for sale - Ending Inventory

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Answer:

$80,000

Explanation:

From marginal analysis concepts, the break-even point is determined using the formula.

Break-even in units = fixed cost / contribution margin per unit

For this firm,

break -even = 40,000 units

Contribution margin per unit = selling price - variable costs

=$6 - $4 =$2

Therefore:

40,000 = fixed costs/ $2

Fixed costs = $40,000 x 2

Fixed costs = $80,000

Answer:

using solver, the optimal solution is:

$325,000 invested in bonds

$162,500.01 invested in mortgages

$162,499.99 invested in personal loans

maximum profit = $66,625

Explanation:

profit maximization equation:

0.1b + 0.085m + 0.095c + 0.125p

where:

b = money invested in bonds

m = money invested in mortgage loans

c = money invested in car loans

p = money invested in personal loans

constraints:

b + m + c + p ≤ 650,000

p ≤ 0.25 x 650,000 ⇒ p ≤ 162,500

m ˃ p

b ˃ p

using solver, the optimal solution is:

$325,000 invested in bonds

$162,500.01 invested in mortgages

$162,499.99 invested in personal loans

maximum profit = $66,625

actually solver gave me the following solution:

$325,000 invested in bonds

$162,500 invested in mortgages

$162,500 invested in personal loans

maximum profit = $66,625

since mortgage loans must be larger than personal loans, I added 1¢ to mortgage loans and subtracted 1¢ from personal loans

Explanation:

So that 0.1b + 0.085m + 0.095c + 0.125p

After that b + m + c + p ≤ 650,000

Then p ≤ 0.25 x 650,000 ⇒ p ≤ 162,500

so, m ˃ p

then b ˃ p

When using solver, the optimal solution that is:

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The specific consolidation entries would depend on the specific details of the transactions and the accounting policies adopted by the companies involved.

To determine the noncontrolling interest's share of consolidated net income for the period and the balance in the Investment in Smith account as of December 31, 2021, we need to calculate the noncontrolling interest's share of net income and the equity method adjustment.

1. Noncontrolling interest's share of consolidated net income for the period:

Net income for Smith, Inc. in 2021 is $700,000. Since Haried Company applies the equity method to its investment, it recognizes its share of Smith's net income as an increase in its Investment in Smith account.

Noncontrolling interest's share of consolidated net income = Net income for Smith, Inc. - Haried Company's share of net income

Net income for Smith, Inc. - Haried Company's share of net income = $700,000 - Haried Company's share of net income

2. Balance in the Investment in Smith account as of December 31, 2021:

The Investment in Smith account represents Haried Company's initial investment in Smith, Inc. and any subsequent adjustments based on the equity method. To calculate the balance in the Investment in Smith account as of December 31, 2021, we need to consider the initial investment, share of net income, dividends, and any equity method adjustments.

Balance in the Investment in Smith account as of December 31, 2021 = Initial investment + Haried Company's share of net income - Dividends +/- Equity method adjustments

3. Consolidation entries for 2021:

Since Haried Company applies the equity method, the consolidation entries for 2021 would involve recording the initial investment, recognizing Haried's share of Smith's net income, and adjusting for any dividends declared by Smith.

The specific consolidation entries would depend on the specific details of the transactions and the accounting policies adopted by the companies involved. Generally, the entries would involve debiting the Investment in Smith account for the initial investment, crediting the equity or investment income account for Haried's share of net income, and debiting the Investment in Smith account for any dividends received.

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The constant growth formula is typically applied more commonly in the utility industry.

The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.

The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.

Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.

Therefore, the correct option is utility.

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Lesson 04 correlates to this Ted Talk and shares the same concepts that are covered. The similarity is that White was talking about “smalling up” and she talked about the effect on her local economy when she was on unemployment. The lesson talked about how being on unemployment impacted the economy.

The unit that is not unusual with the TED communication is the dialogue about the own family and the government shares. The dialogue approximately the own family and the authorities shares are finished in a manner that resembles both the Unit and the TED talk. It method that this is the maximum essential element.

Private finance is the procedure of planning and coping with personal economic sports such as profits era, spending, saving, investing, and safety. The system of coping with one's personal finances may be summarized in a finance or financial plan.

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A production–possibility frontier, production possibility curve, or production possibility boundary, or transformation curve/boundary/frontier is a curve which shows various combinations of the amountsis a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology/a graphical representation showing all the possible options of output for two products that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.

a. The IS curve represents the equilibrium in the goods market and can be derived by setting aggregate demand equal to aggregate supply. In this case, aggregate demand (Y) is given by C + I + G, where C is consumption, I is investment, and G is government spending. Aggregate supply (Y) is given by the production function.

Substituting the given equations into the aggregate demand equation:

Y = C + I + G

Y = 200 + 0.4(Y - T) + (300 - 5000r) + 0

Y = 200 + 0.4Y - 0.4T + 300 - 5000r

Next, we need to substitute T = 0 and solve for Y:

Y = 200 + 0.4Y - 0.4(0) + 300 - 5000r

Y = 500 + 0.4Y - 5000r

Now, we can solve for equilibrium output (Y) by setting Y equal to its own value:

Y = 500 + 0.4Y - 5000r

0.6Y = 500 - 5000r

Y = (500 - 5000r) / 0.6

To compute the equilibrium interest rate, we set investment equal to savings:

I = S

300 - 5000r = Y - C

300 - 5000r = Y - (200 + 0.4(Y - T))

300 - 5000r = Y - (200 + 0.4Y)

300 - 5000r = 0.6Y - 200

5000r = 0.6Y - 500

r = (0.6Y - 500) / 5000

b. The LM curve represents the equilibrium in the money market and can be derived by setting the demand for money equal to the supply of money. In this case, the demand for money is given by L(r, Y), where r is the interest rate and Y is output. The supply of money is given by P * Y, where P is the price level.

Setting the demand for money equal to the supply of money:

L(r, Y) = P * Y

250 + 0.06Y - 300r = P * Y

To compute the equilibrium money supply, we need to solve for Y:

250 + 0.06Y - 300r = P * Y

0.06Y - P * Y = 300r - 250

Y(0.06 - P) = 300r - 250

Y = (300r - 250) / (0.06 - P)

c. When the Central Bank revalues the exchange rate from 1 to 0.85, it means that e decreases from 1 to 0.85. This affects the LM curve, as it represents the money market. Since e appears in the equation for LM, a decrease in e will decrease the money supply. The equilibrium output and interest rate will depend on the new money supply and will need to be recalculated.

d. When the Central Bank devalues the exchange rate from 1 to 1.3, it means that e increases from 1 to 1.3. This affects the LM curve, as it represents the money market. Since e appears in the equation for LM, an increase in e will increase the money supply. The equilibrium output and interest rate will depend on the new money supply and will need to be recalculated.

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Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except LIFO method. Thus, option D is correct.

Inventory or stock alludes to the merchandise and materials that a business holds for a definitive objective of resale, creation or usage. Stock administration is a discipline fundamentally about indicating the shape and position of loaded merchandise.

The LIFO technique is certainly not an adequate strategy for stock costing under IFRS. monitoring every particular thing in stock and relegating costs exclusively as opposed to gathering things together.

Therefore, option D is correct.

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Answer:

$198,000 and $0

Explanation:

The calculation is shown below:

The Cost of the land is

= Purchase price +  Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $178,000 + $15,300 + $1,100 + $2,300 + $1,300

= $198,000

As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost

hence, it would be zero

Answer:

1. You don't have enough experience for the job.

2.There was a better candidate for the job.

3.You didn't take an interview seriously.

4.Your not professional enough.

5.You might have a criminal record and this job you are applying for doesn't want someone with a bad record.

6.You don't have any recommendations.

7.Your previously bosses say that you aren't a good employee.

8.You aren't punctual. (on time)

You misidentified the post for which you applied. You made a horrible first impression. You lack the necessary experience for the position. A better applicant was available for the position.

Accept the job:

There are many different ways to accept a job, and frequently, people do so because they are attracted to the conditions that the employer is offering, such as the pay or the work schedule.

The ideal technique to accept it is in person, outlining what you anticipate from the business and expressing gratitude for the chance.to cooperate with them

Reject the position:

A lot of people turn down jobs due to unstable economic conditions, negative company references, demanding schedules, or a counteroffer from another employer.

The ideal method to turn down a job is to send an email explaining why you can't do it without getting into too much detail, without using many words, or in a stilted, official manner.

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Leslie Moore's markdown dollar amount will be $39 and her resulting sale price will be $26.

Pricing strategy is known as the changing in price of a product or service according to the demand of the product or service in the market. When the demand for a said product is high the price for the product is increased and if the demand of a product is low then the price is reduced.

Leslie Moore runs a hammock shop and she have a pricing strategy according to which she is now willing to reduce the price by 60%. The amounts are calculated as sale price multiply by 60% the amount is the reduction in the sale price, the reduction amount is deducted from the sale price.

The calculation is shown below,

$65 * 60% = $39

$65 - $39 = $26

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1. Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability.

1. To calculate the selling price using absorption cost-plus pricing, we need to add a markup percentage to the absorption unit product cost. In this case, the absorption unit product cost is given as $8,400, and the markup percentage is 85%.

Markup = Markup percentage * Absorption unit product cost

Markup = 85% * $8,400

Markup = $7,140

Selling price = Absorption unit product cost + Markup

Selling price = $8,400 + $7,140

Selling price = $15,540

Therefore, Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. To determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life, we need to consider the advantages it offers compared to the competitor's equipment. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

EVC can be calculated by quantifying the monetary value of these advantages over the product's lifespan. Let's assume the following values:

Longer usage time: 5,000 additional hours compared to the competitor's equipment.

Lower preventive maintenance costs: $500 saved annually compared to the competitor's equipment.

Lower electricity consumption: $200 saved annually compared to the competitor's equipment.

EVC = (Additional usage time * Value per hour) + (Annual cost savings * Present value factor)

Using a discount rate of 10% and assuming the annual cost savings remain constant over the 20,000-hour life:

EVC = (5,000 hours * Value per hour) + ($500 * Present value factor) + ($200 * Present value factor) + ... (repeated for all 20 years)

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment. This involves determining a range of possible prices based on the additional value delivered by the XP–200 compared to the competitor's equipment.

To calculate the range of possible prices, you would need to assess the economic value of the XP–200 as determined in Question 2 and consider the pricing of the competitor's equipment. Without specific values and competitor pricing information, it's not possible to provide a precise range of prices.

However, Valmont Company should set the price within a range that captures a significant portion of the economic value delivered to the customer while remaining competitive in the market.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability. Here are some considerations for Valmont's managers:

Absorption cost-plus pricing:

Pros: This approach ensures that all costs, including fixed and variable costs, are covered. It provides a straightforward calculation for determining the selling price and ensures profitability.

Cons: It does not directly consider the economic value delivered to the customer or the pricing of the competitor's equipment. This approach may not reflect the true value of the XP–200 to customers, potentially leading to pricing that is not aligned with customer expectations or market conditions.

Value-based pricing:

Pros: This approach considers the economic value provided to the customer, allowing the price to be based on the perceived value rather than just the cost. It aligns the price with the customer's willingness to pay and can capture the full value delivered by the XP–200.

Cons: It may be more challenging to quantify and communicate the economic value to customers. Determining the optimal price range requires a thorough understanding of customer preferences, competitor pricing, and market dynamics.

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Explanation:

I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."

Objective:

The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.

Components:

1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.

2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.

3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.

Interrelationships among Components:

The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:

1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.

2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.

3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.

By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.

Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components

• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.

• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications  and authorize the processed/ captured applications in order to produce the cards

• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.

The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things  i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.

Rolling Rides Theme Park plans to spend $5712 on coupons for four months.

To find out how much Rolling Rides Theme Park plans to spend on coupons for four months, we need to first calculate how much they plan to spend on each of the other advertising methods for one month.

Television: 25% of $8400 = 0.25 x $8400 = $2100

Newspaper: 20% of $8400 = 0.20 x $8400 = $1680

Outdoor signs: 20% of $8400 = 0.20 x $8400 = $1680

Radio: 18% of $8400 = 0.18 x $8400 = $1512

To find out how much will be spent on coupons, we can subtract the total amount spent on the other advertising methods from the total advertising budget:

$8400 - ($2100 + $1680 + $1680 + $1512) = $1428

This represents the amount Rolling Rides Theme Park plans to spend on coupons for one month. To find out how much they plan to spend on coupons for four months, we can simply multiply this amount by 4:

$1428 x 4 = $5712

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Submitting vendor invoices only can be effective in streamlining the accounts payable process and ensuring timely payment to vendors.

Accuracy and Accountability: By focusing on vendor invoices only, the accounts payable team can prioritize the verification and validation of invoices received from vendors. This allows for a more thorough review of the invoices, ensuring accuracy in terms of pricing, quantity, and terms. It also holds vendors accountable for delivering goods or services as per the agreed-upon terms.

Cost Efficiency: By focusing on vendor invoices, the accounts payable team can allocate their time and resources efficiently. This reduces the chances of errors and duplicate payments, leading to cost savings for the organization. It also enables the team to identify any discrepancies or discrepancies in vendor invoices promptly.

Better Vendor Relationships: Timely and accurate payment of vendor invoices improves relationships with suppliers and fosters trust. It helps maintain a positive rapport, which can lead to favorable terms, discounts, and improved service from vendors.

Process Standardization: Focusing on vendor invoices allows for standardization of accounts payable processes. It streamlines the workflow, simplifies the approval process, and ensures adherence to payment policies and procedures. Standardization improves efficiency, reduces errors, and enhances overall control over the accounts payable function.

However, it is important to note that focusing solely on vendor invoices may not capture the complete picture of accounts payable management. Other aspects such as expense reports, employee reimbursements, and other payables should still be monitored and processed accordingly.

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Answer: The answer is They have more tax liability.

Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.

Based on experiences in the retail sector, the following are true:

Aggressive/ Demanding customers can be very challenging to deal with because they can insult you and belittle you. They also raise their voices a lot of believe that they are the most important person around.

Best way to handle such customers is to approach them calmly without matching their anger. This has a high chance of calming them down and when they are calm, apologize to them and offer a solution.

Empathy is more productive than sympathy because putting yourself in someone's shoes allows you to think of a solution faster as you would feel personally affected.

Dealing effectively with challenging customers usually leads to them being so impressed that they become loyal to the business.

In conclusion, there are different types of customers and we have to find ways to deal with them.

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The given statement is false. The correct statement is given below:

The communication process begins with a messenger, also known as the person who sends the message to the receiver.

Communication is important to the lifestyles and survival of human beings as well as to a business enterprise. it's miles a way of making and sharing thoughts, information, perspectives, statistics, and feelings from one vicinity, man or woman, or organization to another. communique is the crucial component of the Directing characteristic of manipulation. communique is the act of giving, receiving, and sharing statistics -- in different words, speaking or writing, and listening or studying. precise communicators pay interest carefully, communicate or write clearly, and respect awesome evaluations.

Anyone has a unique verbal exchange fashion, a manner in which they interact and change facts with others. There are four easy conversation patterns: passive, aggressive, passive-competitive, and assertive.

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Answer:

it can be to be and so

Explanation:

Answer:

  see below

Explanation:

"Insourcing" of goods to be sold in the US means that components of those goods are made in the US. It has nothing to do with tax breaks.

So, of the choices offered, building US assembly plants for cars sold in the US is an example of "insourcing."

The introduction stage of the product life cycle is characterized by initial losses to the firm due to its high start-up costs and low levels of sales revenue as the product begins to take off.

Introduction represents the product life cycle's initial phase. The first step after a product is created is to introduce it to the market. The product is initially released onto the market at this phase. Although the outcome of this stage in the product development life cycle is crucial, it does not determine whether the product will be a success. In order to get the goods to consumers, a lot of advertising and sales efforts are made and money is pooled. Companies can predict how people will react to a product at this point of product life cycle management. In other words, the goal is to spur enormous demand.

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Based on the Leadership Grid, Steve Hewitt, the City Administrator, is implementing Authority-Compliance Leaderhsip (A).

Leadership Grid represents the possible leadership style based on the behavioral approach of a leader to his followers and his goals. Based on the 2 variables, 5 leadership style were projected:

Improvised leader has low concern for both his employees and his target. He tend to avoid troubles and keep his hand clean by not putting much concern for his employees well being, neither his achivement target. He has no care about the overall success of the team.

A country-club leader spends his time more on ensuring his employee well-being when performing their tasks. His priority is his employees happyness and he tends to oversee the targeted goal. He pays little to o concern for productivity rates of his team.

Middle-of-the-roal leader aims to balance his concern for both his employees and his team performance. However he avoids to put too much concern in both aspect and prefer to just ensure that both aspect are fulfilled. This kind of leader tends to have average employee satatisfaction and production level.

Authority-compliance leader pay little to no concern to his employee well being and just focus on his production performance. This kind of leader tends to be harsh on his employees and usually push his employee to work excessively. He would only focus on the employees' production level.

A leader who pays high concern for both his employees and performance is called as a team leader. This kind of leader will try to optimize his employees ability to achieve the maximum possible production level. He beliefs that the employees well-being will be reflected to their performance level. Hence, he will ensure his employees are happy and encourage them to give their best performance.

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If  wage is increased at the inflation rate measured by the CPI, the standard of living would increase. This is because the CPI overstates inflation.

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.

Inflation is when there is a persistent rise in the general price levels in an economy. Inflation can be as a result of increase in the cost of production or an increase in the demand for goods and services. The consumer price index usually overstates inflation.

Consumer price index = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

One of the measures of the standard of living, is if wages rise in tandem with inflation. If the rate of increase in wages is greater than that of inflation, the standard of living is higher.

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Answer:

(a) Common Stock = $29,400. (b) Retained earnings = $34,000, (c) Cost of goods sold = $55,360, (d) Net Income = $19,770, (e) Net Income =$19,770

Explanation:

Note: See organized question as attached below to aid understanding

Net income = Ending retained earnings + Dividends - Beginning retained earnings

Net income = $34,000 + $4,770 - $19,000

Net income = $19,770

Net income = Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold = $85,400 - $19,770 - $10,270

Cost of goods sold = $55,360

Total liabilities and stockholders equity = Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

Common stock = $69,000 - $5,600 - $34,000

Common stock = $29,400

Missing amounts :

Common Stock = $29,400

Retained earnings = $34,000,

Cost of goods sold = $55,360

Net Income  = $19,770

Net Income  = $19,770

Net income

= Ending retained earnings + Dividends - Beginning retained earnings

= $34,000 + $4,770 - $19,000

= $19,770

Net income

= Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold

= $85,400 - $19,770 - $10,270

= $55,360

Total liabilities and stockholders equity

= Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

= $69,000 - $5,600 - $34,000

= $29,400

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Answer:

A. True

Explanation:

level of inventory is very essential as far as customer service is concerned, inventory are amount of goods that is stocked for some purposes, this could be to sell, to distribute.

It should be noted that As the level of inventory increases to provide better customer service both inventory costs and quality-related customer service costs increase.