Answer:
$1412.50
Explanation:
explain 5 ways in which business studies is a living subject
Five ways in which business studies is a living subject:
Evolving technologiesEconomic shiftsChanging consumer preferencesSustainability and ethical issuesGlobalizationHow is business studies a living object ?Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.
Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.
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What is one way a person can use technology to automate a process that may be more efficient doing than manually
Answer:
Business process automation is the use of technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes.
Explanation:
hope this helps
Costs from Beginning Inventory Costs from Current Period
Direct materials $5,100 $25,200
Conversion costs $5,300 143,700
At the beginning of the period, there were 400 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,200 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. The cost of completing a unit during the current period was:________
Answer:
$30.59
Explanation:
Note that the FIFO method is used for this question
Equivalent Units
Materials = 5,200 x 100 % + 300 x 100 % = 5,500
Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525
Total Costs
Materials = $25,200
Conversion Costs = $143,700
Cost per Equivalent unit
Materials = $25,200/5,500 = $4.58
Conversion Costs = $143,700/5,525 = $26.01
Total Cost = $4.58 + $26.01 = $30.59
Conclusion
The cost of completing a unit during the current period was $30.59
Rosario Department Store uses a perpetual inventory system. Data for product
E2-D2 includes the following purchases.
Number of Units 50
Unit Price $10 $30
May 7
July 28
On June 1, Rosario sold 26 units, and on August 27, 40 more units. Prepare the perpetual
inventory schedule for the above transactions using (a) FIFO, (b) LIFO, and (c) moving-average
The perpetual inventory schedule using FIFO shows a balance of 64 units and a cost of goods sold of $660, using LIFO shows a balance of 64 units and a cost of goods sold of $1,980, and using the moving-average method shows a balance of 64 units and a cost of goods sold of $1,320.
To prepare the perpetual inventory schedule using FIFO, LIFO, and moving-average, we need to track the purchases, sales, and remaining inventory for the product E2-D2. Let's calculate the inventory schedule for each method:
(a) FIFO (First-In, First-Out):
Using the FIFO method, we assume that the first units purchased are the first ones sold. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $10/unit * 26 = $260
July 28 - 24 units -
August 27 40 units 64 units $10/unit * 40 = $400
The balance at the end of August 27 is 64 units, and the cost of goods sold is $260 + $400 = $660.
(b) LIFO (Last-In, First-Out):
Using the LIFO method, we assume that the last units purchased are the first ones sold. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $30/unit * 26 = $780
July 28 - 24 units -
August 27 40 units 64 units $30/unit * 40 = $1,200
The balance at the end of August 27 is 64 units, and the cost of goods sold is $780 + $1,200 = $1,980.
(c) Moving-Average:
Using the moving-average method, we calculate the average cost per unit based on all purchases. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $20/unit * 26 = $520
July 28 - 24 units -
August 27 40 units 64 units $20/unit * 40 = $800
The balance at the end of August 27 is 64 units, and the cost of goods sold is $520 + $800 = $1,320.
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How many guests may a temporary member bring to a private club?
three guests
Explanation:
A temporary member may enjoy the club's services and privileges for a period of not more than three days per invitation. A temporary member may bring not more than three guests to the club and must remain in their presence while they are at the club.
A temporary member of a private club can invite maximum upto 3 members.
What is a Private club?
A private club is a place where people of similar interest meet, spend time, hang out, do some activities. The word "Private" is used to indicate that not everyone can go to the club, only the persons who have joined the club can go there.
What the the criteria to be allowed?The manager or the in-charge may allow only after when he check that the visitor have the valid ID proof and valid temporary membership card. They shall also pay the fee, if any applicable by the pre-decided rules of the club members.
What are temporary members?Temporary members are those who have not joined the group completely instead they have have issued a temporary card and participate in some of the activities for the time being.
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in the table, which of the following is most likely to account for the large expected demand for registered nurses
A. the educational requirements to be a registered nurse are increasing more rapidly.
B. The American population is aging and older people need more health care than younger people.
C. The job demands little education.
D.Fewer young people are expected to go to college
The factor that is most likely to account for the large expected demand for registered nurses is the American population is aging and older people need more health care than younger people.
An increase in demand for registered nurses can result from an increase in the aging population. This group of population would require care for nurses. An increase in demand for registered nurses would lead to a rightward shift of the demand curve for nurses.
If the educational requirements needed to be a registered nurse increases and fewer people are expected to go to college, the supply of registered nurses would decline. If the job requires little education, the supply of registered nurses would increase.
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Answer:
B. The American population is aging and older people need more health care than younger people.
In 2001, the population in a town was 9% more than it was in 2000. If the population was 24,420 in 2002, which was 10% more than 2001, find the population in 2000.
The population of the town in 2000 can be found to be 20, 367 people
How to find the population ?In 2001, the population of the town was :
= Population in 2002 / ( 1 + growth in population from 2001 )
= 24, 420 / ( 1 + 10 % )
= 24, 420 / 1. 1
= 22, 200 people
The population of the town in 2000 was :
= Population in 2001 / ( 1 + growth in population from 2000 )
= 22, 200 / ( 1. 09 )
= 20, 367 people
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The most important reason for today’s managers to study the history of management is so they can
A) avoid the mistakes of the past
B) reject all practices of earlier eras
C) develop their own theories
D) earn more money
The major reason why managers need to study the history of management is to A) avoid the mistakes of the past.
Importance of management history. Shows the types of management in the past. Shows their various successes and failures.From the successes and failures, a person is able to see the mistake that were made when using past management styles. This then allows them to avoid those same mistakes in the present.
In conclusion, option A is correct.
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Amazon and Macy's are retailers. By the end of May 22, 2019, the P/E ratio (Price/Earnings ratio) of Amazon is 77.64 but the P/E ratio of Macy's is only 6.16. Why do the market investors give a very high P/E ratio to Amazon but give a low P/E ratio to Macy's? Please explain.
the disparity in P/E ratios between Amazon and Macy's can be attributed to the differing growth prospects, market positions, and industry dynamics of the two companies.
The P/E ratio is a measure used by investors to assess the relative value of a company's stock. A high P/E ratio generally indicates that investors have high expectations for future earnings growth, while a low P/E ratio suggests lower growth expectations. In the case of Amazon, the high P/E ratio of 77.64 indicates that investors are willing to pay a premium for each dollar of earnings. This is primarily due to Amazon's consistent and impressive revenue growth, as well as its dominant position in e-commerce and cloud computing. Investors expect Amazon's earnings to continue growing at a rapid pace in the future, justifying the higher valuation. On the other hand, Macy's has a lower P/E ratio of 6.16, reflecting lower growth expectations. Macy's operates in the traditional retail industry, which has been facing challenges from online competitors like Amazon. The company's slower revenue growth and concerns about its ability to adapt to changing consumer preferences contribute to the lower valuation assigned by investors. In summary, the disparity in P/E ratios between Amazon and Macy's can be attributed to the differing growth prospects, market positions, and industry dynamics of the two companies.
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List three pieces of criteria that economists use to determine if someone is employed
Answer:
The summary as per the given query is summarized below.
Explanation:
The criterion used by economists to decide whether the individual was working wasn’t employed.Employees hold down jobs for full as well as part-time pay where they already haven't a job and therefore are provisions of these terms for work even though they are unemployed.The labor force seems to be the number among all jobs working as well as unemployment.Has this interview prompted you to make any changes in the way that you view or
manage your personal finances? Do you think it will impact how you handle your personal
finances in the future? Explain.
The interview referring to the issue is Elizabeth White's to Ted about personal financial crises, leading to reflection on the needs of managing personal finances.
The speaker warns about the need to save financial resources in the present, to avoid the consequences of unnecessary expenses in the future.
What is the personal budget?It corresponds to a simple and objective tool for identifying an individual's income and expenses, which allows greater allocation of resources to objectives and goals, in addition to greater control over finances.
Therefore, through Elizabeth White's interview, the need to talk about finance is perceived, even if this fact causes embarrassment to individuals, because only in this way can knowledge, innovation and personal planning be increased.
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6. Why do employees often feel that appraisals “highlight all the bad things they did all year?”
Answer:
Explanation:
Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.
The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.
Casey Motors recently reported the following information:
Net income - $475,000
Thx rate 25%
Interest expense - $200,000,
Total invested capital employed - 9 million
After-tax cost of capital - 10%.
What is the company's EVA?
Company's Economic value added amount is (-$275,000)
Let understand that Economic Value Added is basically, an estimate of the company's economic profit
The formulae for deriving Economic Value Added = \(NOPAT - {Cost of Capital * Capital employed}\)
Let understand that NOPAT means Net operating profit after tax. NOPAT = EBIT (1 - Tax)
Suppose EBIT = x
EBIT - Interest - Tax = Net Income
(x - 200,000) - 0.25*(x - 200000) = 475,000
x - 200,000 = 475,000/0.75
x = 833333.33
Now, EBIT = $833,333.33
Then we calculate NOPAT = EBIT (1 - Tax)
NOPAT = 833,333.33 * (1 - 0.25)
NOPAT = $625,000
Then, we calculate Economic Value Added
EVA = $625,000 - 0.10*$9,00,0000
EVA = $625,000 - $900,000
EVA = ($275,000)
In conclusion, the amount of the Company's Economic value added is a negative of $275,000.
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Answer:
275,000.025
Explanation:
1. EBT =NI/(1-TR)=475,000/0.75 =633,333.3
2.EBIT=EBT+ interest expense =633,333.3+200,000=833,333.3
3.EVA=EBIT(1-TR)- (WACC* Total invested capital)=833,333.3*0.75 -(0.1
*9,000,000)=624,999.975-900,000=275,000.025
Remark: WACC is an after-tax cost of capital
Question 7 (3 points)
All of the following are necessary functions of a government EXCEPT?
1) providing a legal system to enforce laws and protect property rights
2) maintaining competition by regulatingg monopolies
3) promoting economic growth at the expense of employment and inflation
4) providing goods that private companies cannot provide
The function of the government does not include 4) providing goods that private companies cannot provide
Functions of government:It gives the legal system for enforcing the laws and protecting property rights. It maintained the competition via regulating the monopolies.Also, it gives the economic growth.Read more about the government here: https://brainly.com/question/24479311
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
The three (3) activities that can be done when one select the Pencil icon on the bank account tile in the Banking center are the following:
reorder the accountsDrag and drop the bank/credit card accounts to the right place, and then hit Save.What is the Pencil icon on the bank account tile in the Banking center?The pencil icon is a digital tool for editing. Perhaps, one may wish to have a different name or perceived a different name to be better fitting or need to correct a wrong name, one can easily rename or correct it by clicking the pencil icon to the right of the title and enter a new name.
Therefore, the correct answer is as given above.
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The complete question goes thus:
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
reorder the accounts
Drag and drop the bank/credit card accounts to the right place, and
Save
setting
The Department of Customer Service's Accounting Division bases its budget request for the following year on the average of its actual
expenses for the previous four years. The division has both fixed costs, which remain the same year-to-year, and variable costs, which
fluctuate year-to-year. Each year's budget request is determined by adding the fixed costs for the current year to the average of the variable
costs for the previous four years. Below is a summary of the Accounting Division's fixed and variable costs for the years 2018 through 2021.
Variable costs change in share to aircraft usage, and encompass fuel and oil, preservation and crew costs.
Which apportion the charges from the provider departments to the manufacturing departments?(i) Direct Re-Distribution Method:
Under this method, the expenses of carrier departments are without delay apportioned to production departments barring taking into consideration any provider from one service branch to every other provider department.
The intention of the production price range is to make accessible enough extent of items and offerings as and when required with the aid of the income or advertising and marketing department. Like sales budget, the manufacturing budget have to also be organized for every sub-period of the overall budget period.
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https://brainly.com/question/29803686#SPJ1On June 1, 20X1, Conner Company, a new firm, paid $5,880 rent in advance for a seven-month period. The $5,880 was debited to the Prepaid Rent account. On June 1, 20X1, the firm bought supplies for $7,150. The $7,150 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $2,900 were on hand. On June 1, 20X1, the firm bought equipment costing $47,520. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Conner Company.
A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account. A related account is Supplies Expense, which appears on the income statement.
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
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In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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Which of the following is most likely to happen if a borrower fails to make
payments on time?
A. The borrower's credit score will decrease.
B. The lender will charge a lower interest rate.
C. The lender will increase the credit limit.
D. The borrower's creditworthiness will improve.
A. The borrower's credit score will decrease.
Answer:
A. The borrower's credit score will decrease.
Explanation:
We have a graduated tax system, and the tax brackets are listed in Appendix A. If you are not familiar with the Fair Tax and Flat Tax ideas, do a little research. Share what you think would be best for our country.
Explanation:
i think the graduated tax system is fairest ,it imposes a higher rate on the rich than the poor and all this is done based on the tax payer if this is done it will help the poor to pay for needs such as shelter food and other personal needs it allows the poor to spend most of they money
Which of the following is filling the role of a consumer?
The following is filling the role of a consumer - A consumer is some-one who buys things, like at a super-market. Lets say someone purc-hased ice cream, they are a consumer.
What is the role of a consumer?A consumer also is call-ed the end user. The consumer is the one who pays some-thing to consume goods and ser-vices produced. As such, con-sumers play a vital role in the econ-omic system of a nation.
Without consumer dem-and, producers would lack one of the key motiv-ations to produce: to sell to consumers. Consumer is the per-son who uses the product and/or service.
Complete question -
Which of the following is filling the role of a consumer?
A. A consumer is some-one who buys things, like at a super-market.
B. Courtney orders chicken for her company picnic
C. Mario plays a computer game with his sister
D. Latoya buys software for her business start up
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On October 1, 2021, Culver Corp. issued $936,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.
Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021.
Answer:
Culver Corp.
Balance Sheet as of December 31, 2021 (Partial)
Current liabilities:
Bond Interest payable $18,720
Long-term liabilities:
8% Bonds Payable $936,000
Explanation:
a) Data and Calculations:
8% Bonds Payable = $936,000
Maturity period of bonds = 10 years
Annual interest payable = $74,880 ($936,000 * 8%)
Interest payable for 2021 = $18,720 ($74,880 * 3/12)
b) This shows that interest payable for 2021 is a current liability, which will be offset within a year, while the Bonds payable is a long-term liability with a maturity period of 10 years.
Management team of Wolverine Corp. is considering the purchase of a new piece of equipment. They believe that new equipment is more efficient and would result in cost savings. Management estimates that the cost savings from the new equipment would result in an annual increase in net income of $200,000. The new equipment will have an initial cost of $1,200,000 and have an 8 year life. The salvage value of the new equipment is estimated to be $200,000. The hurdle rate is 10%. Ignore income taxes.
a. What is the accounting rate of return?
b. What is the payback period?
c. What is the net present value?
d. What would the net present value be with a 15% hurdle rate?
Answer:
Wolverine Corp.
a. The accounting rate of return = 50%
b. The payback period = 6 years ($200,000 * 6)
c. The net present value = ($39,600)
d. The net present value at 15% = ($237,200)
Explanation:
a) Data and Calculations:
Initial investment cost in new equipment = $1,200,000
Annual incremental net income from cost savings = $200,000
Salvage value of the new equipment = $200,000
Estimated useful life of equipment = 8 years
Hurdle rate = 10%
a. Accounting rate of return = (($200,000 * 8 + $200,000) - $1,200,000)/$1,200,000
= ($1,800,000 - $1,200,00)/$1,200,000
= $600,000/$1,200,000 * 100 = 50%
NPV at 10% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 5.335 = $1,067,000
Salvage value = $200,000 * 0.467 93,400
Total benefits $1,160,400
NPV = ($39,600)
NPV at 15% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 4.487 = $897,400
Salvage value = $200,000 * 0.327 65,400
Total benefits $962,800
NPV = ($237,200)
The inflation rate over the past year was 1.8 percent. If an investment had a real return of 7.2 percent, what was the nominal return on the investment
Answer:
9.13%
Explanation:
The computation of the nominal return on the investment is shown below:
As we know that
Nominal interest rate = {(1 + real interest rate) × (1 + inflation rate)} - 1
= {(1 + 0.072) × (1 + 0.018)} - 1
= (1.072 × 1.018) - 1
= 9.13%
Hence, the nominal interest rate could be find out by applying the above formula i.e by considering the real interest rate and the inflation rate
eva always wanted to be a veterinarian
Good for Eva then. lol
Identify the financial statement on which each of the preceding items would appear. If an item appears on mor
IS Income statement
SE
Statement of stockholders' equity
BS
Balance sheet
2. Accrued interest payable
The accrued interest payable would appear on the balance sheet. The balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. The correct option is balance sheet.
The accrued interest payable is a liability that represents the amount of interest owed by the company but not yet paid. This liability would be included under the "current liabilities" section of the balance sheet, which reports the obligations that a company is expected to pay within one year.
In summary, the balance sheet is the financial statement where accrued interest payable would appear. It is important to note that financial statements provide valuable information to investors, creditors, and other stakeholders to evaluate the financial health of a company and make informed decisions.The correct option is balance sheet.
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Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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does government spending contribute to economic growth
Answer:
Increased government spending is likely to cause a rise in aggregate demand (AD). This can lead to higher growth in the short-term. ... Higher government spending will also have an impact on the supply-side of the economy – depending on which area of government spending is increased.
Explanation:
This section is based on the case study titled: Maximising Media Relations for Effective Program Execution: UNICEF in Nigeria. This case study is found under the lesson 3 folder, and copies are under the additional resources folder. Please answer all these questions and ensure that you use the correct numbering as given in the question itself.
1. According to the case study, what is the role of public relations? [4]
2. Who are the stakeholders in this case study and their interests [5]
3. What were the strategic tactics and techniques used in the campaign [6]
4. What research methodology was used to develop this plan and discuss whether the programme was successful or not successful in your perspective. Provide evidence from the case study to support your argument. [10]
5. “For effective media relations, the public relations practitioner must understand how the media function and how reporters work” – (Baskin et al, pp:179). As a public relations practitioner what is your assessment of the use of mass media
in this programme and was the use of mass media the best option vs social media in
the programme? (We want to see the student present their own argument here) [5]
6. What did you learn in this case study? [5]
UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.
What about the case study?This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.
In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.
To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.
Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.
As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.
The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.
Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.
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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.
A) Advantage of a sole proprietorship
B)Disadvantage of a sole proprietorship
Some of the advantages and disadvantages of sole proprietorship include:
Advantage - keep all the profits Disadvantage - personally liable for any debtsWhat are the advantages and disadvantages of sole proprietorship?One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.
One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.
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