Lake Country Promotional Services use a job order system for performances. Lake Country has four public relations specialists plus an office manager. The job order cost system is a costing system that is used in situations where a company produces batches of different products in which each batch has its unique characteristics.
The job order cost system is used to track and identify the cost of the materials used, labor expenses, and other costs that are associated with producing each unique batch of products. The job order cost system can also be used to determine the profitability of each batch of products that are produced in a company. For Lake Country, it is used for their performances. When Lake Country receives a request for their services, it is the duty of the office manager to evaluate the request and determine the materials and labor expenses that will be required to produce the unique performance. The manager then assigns the project to one of the public relations specialists, who will coordinate with the client and ensure that the performance is delivered as per the request. During the course of the project, the specialist is responsible for keeping track of the expenses incurred, and once the project is complete, they are also responsible for preparing the invoice that will be sent to the client. The job order cost system is beneficial to Lake Country because it allows them to identify the actual cost incurred in producing each unique performance, which helps them to charge an appropriate price for their services.For such more question on profitability
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Imagine an economy that grows at a constant rate for the 21st century. a plot of the level of gdp over time will fit:______.
If an economy grows at a constant rate for the 21st century, the plot of the level of GDP over time will fit a straight line.
This straight line will have a positive slope, indicating that the GDP is increasing consistently over time.
Straight line is the most straightforward and easiest method for calculating depreciation. It is most useful when an asset's value decreases steadily over time at around the same rate.
Straight line is the most straightforward and easiest method for calculating depreciation. It is most useful when an asset's value decreases steadily over time at around the same rate.
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The money that is promised to be paid in a promissory note is called the ______________.
Question 7 options:
a)
Interest rate
b)
Payee
c)
Principal
d)
Amount
Answer:
The answer to your question is payee
In 2013, the Equal employment Opp commission recovered $97.9 million from organizations found to have discriminated on the basis of age.
TRUE or FALSE
The statement "In 2013, the Equal Employment Opportunity Commission recovered $97.9 million from organizations found to have discriminated on the basis of age" is true.
In 2013, the Equal Employment Opportunity Commission (EEOC) successfully recovered $97.9 million from organizations that were found to have discriminated against individuals based on age.
The EEOC is responsible for enforcing federal laws, such as the Age Discrimination in Employment Act (ADEA), which protects individuals who are 40 years of age or older from age-based discrimination in the workplace. When the EEOC receives complaints or initiates investigations regarding age discrimination, they can pursue legal action against employers who have violated the law.
The $97.9 million recovery indicates the total amount of monetary benefits obtained by the EEOC through settlements, judgments, and conciliation agreements in cases related to age discrimination during the specified year. This amount may include compensatory damages awarded to victims, back pay, and other forms of relief intended to rectify the harm caused by the discriminatory practices.
This figure showcases the EEOC's efforts in combating age discrimination and seeking justice for individuals who have been unlawfully treated based on their age in the workplace.
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5. The measurement of how happy the customer is with their shopping experience with a retailer is called:
O A. Product solutions
O B. Brand knowledge
O C. Customer satisfaction
O D. Product knowledge
A firm that has a database containing consumer purchasing histories that uses the information to create market segments is using which type of segmentation?
A firm that has a database containing consumer purchasing histories that uses the information to create market segments is using Usage segmentation type of segmentation.
What is Usage segmentation?The US Wine Market Council has used usage rate as the main variable to segment the US wine market for the past 21 years.14 One goal of our study was to improve the fundamental data base provided by usage rate segmentation and show the benefit of doing so by putting a much sharper focus on the aforementioned segments. Thus, it would be wise to have a brief introduction to utilization rate segmentation.
Using usage rate segmentation, consumers are separated based on how frequently they use a product. Companies frequently aim to target one heavy user rather than a number of light users. They are categorized into groups of non-users, light, medium, and heavy product users.
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What did you learn about universal values and ethics from the categorical imperative list?
What happens when a society does not have ethical standards? Be sure to discuss the example of the situation in Brazil.
Who are the victims of corruption and graft?
Do you think following U.S. ethical standards in other countries is wise? Would it be unethical not to follow those standards? Explain your answer.
Answer:
When a society does not have ethical standards, it can lead to corruption, which can negatively impact the economy and the well-being of the people in that society. A good example of this is the situation in Brazil, where corruption has been rampant, with politicians and businesspeople engaging in bribery and other illegal activities.
The victims of corruption and graft are often the poorest and most vulnerable members of society, as they are the ones who suffer the most from the negative effects of corruption, such as reduced access to public services and increased poverty.
I think it's important to respect the ethical standards of other countries when conducting business or interacting with people from those countries. Not doing so could be seen as disrespectful and could damage relationships. However, it's also important to be aware of potential cultural differences in ethical standards and to be respectful of those differences.
Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
Internet, or a magazine. You should then use the attached organizer to record information from your article.
2. Using the information from your organizer, write a summary of your current event article.
The summary should include:
• the article headline
• the name of the source of the article
• who the article is about
• what the article is about
• where the events take place and when the events take place
• 2-3 important events or information that help the audience understand what
your article is about
• an explanation of why you chose the article – please do not say you selected it
because it was interesting. Instead address why the information is important,
how you feel about it, what action you think should be taken, or what you
would do to solve the problem. **This is very important and should be at
least 3-4 sentences.
3. Neatly complete the Current Events Report form. You may type your final report if
you prefer.
4. Staple your Current Events Report form and article together to be turned in.
5. Be prepared to read your summary to the class and to answer any relevant questions.
PART 1:
Current Events Organizer
(This does not need to be turned in. This is for planning purposes only)
A good newspaper article always includes the 5 W’s. When writing your summary,
be sure to include the following:
• Article Headline: ________________________________________________________
• Name of your source; newspaper, website, magazine (underlined):
___________________________________________________________________________
• What is the article about?:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
• Where does it take place?: ________________________________________________
• When does it take place?: _________________________________________________
• Other important details:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
• Why did you choose this article? (Do not say, “Because it was interesting.”
Instead, address why the information is important, how you feel about it, what
action you think should be taken, or what you would do to solve the problem.)
**This is very important and should be at least 3-4 sentences.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
TURN IN PART 2:
Name ______________________________ Date _________________________
Current Events Report
Article Title: _______________________________________________________________
Source: ____________________________________________________________________
Article Date: __________________________________
News Type: World United States Local Sports
Weather/Technology/Economy/Politics
Summary:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Answer:
Everyone has seen organizations and agencies make a case for their cause on the television, newspaper and radio. We have all heard stories about how a media consultant has helped improve a political candidate's image by cleverly manipulating the press. There are many ways you can use the media to the benefit of your cause. This section introduces you to working with the media.
WHAT ARE THE MEDIA AND MEDIA ADVOCACY?
Media, which is the plural form of 'medium', are the forms of communication – television and radio; newspapers, magazines, and written materials (or "print media"), and, more often now, the Internet – used to spread or transmit information from a source (which can be a person, an organization, a business, an institution, a government agency, a policy maker, or another media outlet) to the general public.
Advocacy means openly supporting a certain viewpoint or group of people. If you are an advocate for a specific cause, you work to persuade local, state, or federal governments or other entities to grant specific rights, make policy changes, provide money, or create new laws for the good of your cause. For example, if you have a child with a disability, you might advocate for the increased availability of medical services for handicapped children in your city.
Media advocacy is the use of any form of media to help promote an organization's or a company's objectives or goals, which come from the group's vision and mission. For example, suppose you’re a media advocate for a non-profit agency working to reduce gang violence in your neighborhood. You would try to present neighborhood issues related to gang violence and the changes you want to make in such a way that you:
Change the way community members look at gang violence. You might want to make it clear who it affects and why, or why kids get involved in gangs in the first place.
Create a reliable, consistent stream of publicity for your agency's issues and activities, including articles and news items about the causes and results of gang violence and about what your agency’s work entails; personal interest stories; success stories; interviews with agency staff and current and former gang members, etc..
Motivate community members and policy makers to get involved. You probably have ideas about what could be done with public funding, or with government policies that addressed gang violence. You might have volunteer opportunities, or want to publicize a city- or state-sponsored initiative that needs public input and support. Or perhaps you’re trying to raise money for your work. The media can help with all of these...if you know how to work with them.
Media advocates, or the people who work to attract publicity for organizations and causes, know that the media can get a public or social policy message across to the largest audience possible in the least amount of time.
As a media advocate, you can use the media to:
.
Explanation:
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answer:
b
Explanation:
The monetary policy is not fundamently altered
I am always concerned about my job
Answer:
then get a new job
Explanation:
Answer:
why? Maybe its time for a new job.
Explanation:
rank order the different eras of marketing by putting the earliest at the top to the most recent at the bottom.
Answer:#1- production, #2- sales, #3-marketing concept, #4- customer relationship
Explanation:
The different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
What is marketing?
The practice of a business of promoting the purchase and sale of goods and services is referred to as “marketing.” Promotion, publicity, and advertising make up marketing. The marketing are the important part of the economies. The marketing are the based of the consumer behavior.
The marketing are the putting the earliest at the top to the most recent are the ranking on the top to bottom. The first is the production, sales, marketing concept, and the customer relationship. There is the marketing is the promotion of the audience. There are the earliest in the top to the bottom.
As a result, the different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
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economic problem you face as an individual
Answer:
I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!
Explanation:
Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.
Hope this helps.
Answer:
The imbalance between production, distribution and consumption generates various phenomena that affect the economy; some of them are unemployment, shortages, overproduction, devaluation, inflation, indebtedness and damage to the environment.
Explanation:
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EXPLAIN 5 degrees of elasticity with Diagram :)
Answer:
The concept of price elasticity of demand has been defined by different economies as under:
“Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in-price.”
ADVERTISEMENTS:
“Elasticity of demand is the ratio of relative change in quantity to relative change in Price.”
“ The elasticity of demand for a commodity is the rate at which quantity bought change the price change.”
“The elasticity of demand is a measure of the relative change in quantity to a relative change in price”.
“Elasticity of demand measures the responsiveness of demand to changes in price”.
Explanation:
If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?
Answer: True
Explanation:
As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.
If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.
Why should you understand what you can and cannot copyright?
Answer:
Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.
Explanation:
Answer:
So that therefore you wouldn't be fined of plagiarism of any kind.
Explanation:
The government has adopted an emissions tax if it: Group of answer choices specifies the type of catalytic converter that must be used to reduce automobile emissions. pays automobile drivers 10 cents for each 10% reduction in automobile emissions. charges automobile drivers 10 cents for each unit of automobile emissions. transfers the ownership of city air to a private firm that charges automobile drivers a profit-maximizing price, based in part on the pollution capacity of the atmosphere.
Answer:
charges automobile drivers 10 cents for each unit of automobile emissions.
Explanation:
Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
An emission tax can be defined as tax levied on manufacturers or road users such as drivers for the amount of pollution dispersed into the environment.
Hence, the government has adopted an emissions tax if it charges automobile drivers 10 cents for each unit of automobile emissions.
Why does the opportunity cost of your college education include money you could have earned working instead of going to college
The opportunity cost of a college education includes the money you could have earned working instead of going to college because when you choose to pursue higher education, you are investing your time, effort, and resources into obtaining a degree. During the time spent in college, you forego the potential income you could have earned by working. This income represents the opportunity cost.
Opportunity cost refers to the value of the next best alternative that is forgone when making a decision. In this case, if you had chosen not to pursue a college education, you could have entered the workforce earlier and started earning a salary. The income you could have earned during those years is part of the opportunity cost of your college education.
Considering the monetary aspect is important because it helps in evaluating the financial trade-off of investing in education. By understanding the potential income you sacrifice by attending college, you can make a more informed decision about the value and returns of obtaining a degree.
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Ingmar asks Jessie to contract with Jessie’s high school classmates to babysit Ingmar’s new baby. Jessie orally agrees to do so. This is
a. an agency by agreement.
b. an agency by estoppel.
c. an agency by ratification.
d. not an agency relationship.
Ingmar asks Jessie to contract with Jessie’s high school classmates to babysit Ingmar’s new baby. Jessie orally agrees to do so. This is not an agency relationship.
What is an Agency relationship?An agency relationship is a legal connection that is established when one person (the agent) agrees to represent another (the principal) in dealings with third parties. A contract is usually used to create an agency relationship, and it can be expressed or implied.
The agent may be employed by the principal or act for the principal without pay. The principal must grant the agent some degree of control over the principal's conduct for an agency relationship to be established. The principal will only be liable for the actions of the agent if the agent acts within the scope of the agent's authority.
What is an example of an Agency relationship?An instance of an agency relationship is where a person is employed to perform a task for another person. It may also include the relationship between a lawyer and a client, an agent and a principal, or an insurance broker and an insurance company, to name a few. An agency agreement specifies the scope of the agent's authority and whether the relationship is exclusive or non-exclusive.
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In the immediate postwar period, many European governments adopted a theory of economics that advocated for government intervention to stabilize the economy while still allowing free market capitalism. What is this economic theory called?
mcq options:
Neoliberalism
Communism
Keynesianism
Laissez-faire
In the immediate postwar period, many European governments adopted a theory of economics that advocated for government intervention to stabilize the economy while still allowing free market capitalism. This economic theory is called Keynesianism.
Keynesianism is an economic theory that focuses on government intervention in the economy. This theory advocates for government intervention in the economy to ensure that it runs smoothly. The economy can be stabilised by the government through public spending, taxation, and monetary policy. Keynesianism was created by John Maynard Keynes, a British economist, in the 1930s. Keynesianism's main goal is to keep unemployment and inflation rates low while increasing economic growth. The economic theory also holds that the government should invest in public infrastructure and social programs to increase employment and stimulate the economy.
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Sally owns a $1,000-par zero-coupon bond that has six years of remaining a. What is the expected price of the bond at the time of sale?
Answer:
$647.96
Explanation:
Sue the following formula to calculate the price of the bond at the time of sale
Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years
Where
Face value of bond = $1,000
Market interest rate = 7.5%
Numbers of years = 6 years
placing values in the formula
Price of Bond = $1,000 / ( 1 + 7.5% )^6
Price of Bond = $647.96
Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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PLEASEE! unit test in progress!!
A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients
Answer:
It is D
Explanation:
.
Click this link to view O*NET’s Work Styles section for Biomedical Engineers. Note that common work styles are listed toward the top and less common work styles are listed toward the bottom. According to O*NET, what are some common work styles needed by Biomedical Engineers? Check all that apply.
analytical thinking
negotiation
dependability
integrity
dominance
attention to detail
Answer: analytical thinking
dependability
integrity
attention to detail
Explanation:
Biomedical engineering is also referred to as medical engineering and it has to do with how the principles of engineering are applied to medicine.
According According to O*NET, the common work styles that are needed by the Biomedical Engineers are analytical thinking, dependability, integrity and attention to detail.
Answer:
analytical thinking
dependability
integrity
attention to detail
Explanation:
Which descriptor relates to the income approach for valuing corporations? Multiplies the share price by the number of shares outstanding Reflects the equilibrlum between buyers and sellers of company stock Involves the capital asset pricing model Estimates the cost of replacing a company's resources
Option C. The description that relates to the income approach for valuing corporations is: Involves the capital asset pricing model .
What is the income approach ?One of the three main categories of methodology employed by appraisers is the income approach, also known as the valuation approach. It is particularly prevalent in corporate and commercial real estate evaluation. The basic math is comparable to how securities research, bond pricing, and financial valuation are done.
Any technique that transforms a stream of income into a measure of market worth is included in the income approach. Due to the fact that capitalization is the process of turning an expected income into a market value signal, the income approach is also known as the capitalization approach.
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Advances in technology has increased the number of people needed to
A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military
Answer:
A. develop computer software
How much will $3,500 invested at the end of each year grow to in 3 years, assuming an interest rate of 10% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)
A. $10,185
B. $13,976
C. $10,500
D. $11,585
The correct answer is A. $10,185. The investment of $3,500 will grow to $10,185 in 3 years, assuming an interest rate of 10% compounded annually
To calculate the future value of $3,500 invested at the end of each year for 3 years, compounded annually at an interest rate of 10%, we can use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
In this case, P (annual investment amount) is $3,500, r (interest rate) is 10%, and n (number of years) is 3. Plugging in these values into the formula, we get:
FV = $3,500 * [(1 + 0.10)^3 - 1] / 0.10 = $10,185
Therefore, the investment of $3,500 will grow to $10,185 in 3 years, assuming an interest rate of 10% compounded annually.
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deadline for filing income tax returns that have received extensions
Third quarter 2023 estimated tax payment is due on September 15, 2023. The deadline to submit your 2022 extended tax return is October 16, 2023. This is the deadline for submitting your tax return if you opted to request an extension.
What occurs if taxes are still unpaid after the extension?For each month that you are late, penalties for filing might increase by 5% of the tax owed. The minimum fine is $100 or 100% of the tax owed with the return, whichever is less, if you are more than 60 days late. By requesting the extension by the deadline, the penalty file is destroyed.
What occurs if you submit your taxes late but don't have any outstanding debt?There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn't file and owe tax, file a return as soon as you can and pay as much as possible to reduce penalties and interest.
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In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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What is Seth gordins overall message to marketers?
Answer:
“making things better, by making better things”
Explanation:
hope it helps
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