False. Mintzberg's classification does not specifically identify five forces in an industry's environment that affect the strategic position of a firm.
The classification you are referring to is most likely Porter's Five Forces framework, developed by Michael Porter. Porter's Five Forces framework identifies five competitive forces that shape the industry and affect a firm's strategic position: the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the intensity of competitive rivalry.
This framework helps organizations assess the attractiveness and profitability of an industry and develop strategies to gain a competitive advantage. Mintzberg, on the other hand, is known for his work on organizational structures and managerial roles, rather than industry analysis.
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Which of the following is not true regarding financial reporting of health care entities?
A) It is important to distinguish operating revenues and expenses from nonoperating.
B) It is important to distinguish between current and noncurrent assets and liabilities.
C) Private sector organizations use a three-category format for the Statement of Cash Flows, and public sector organizations us a four-category format.
D) Private sector organizations use accrual accounting, while public sector organizations use modified accrual.
The statement that is not true regarding financial reporting of health care entities is Private sector organizations use accrual accounting, while public sector organizations use modified accrual. Option C is correct
A common set of accounting rules, standards, and procedures issued by the Financial Accounting Standards Board (FASB) in the United States is known as GAAP and it stands for Generally Accepted Accounting Principles. Public companies in the U.S. must follow GAAP when their accountants compile their financial statements
Fiscal performance is produced by the financial reports of Healthcare organizations that follow GAAP like other entities. Include cash flows, balance sheets, statements of operations, and changes in net assets that can be included in the report.
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What two new concepts or skills have you learned and want to develop further?
Describe a concept from this course that you have applied or will apply in the workplace.
What business concept was most challenging in the course, and how did you overcome that challenge?
How have you grown personally and/or professionally through this course?
Professionally, I have gained valuable knowledge and skills that are directly applicable to my career. This course has expanded my understanding of business concepts and provided me with practical tools to succeed in the workplace.
1. Two new concepts or skills that I have learned and want to develop further are data analysis and project management. These skills are essential in today's business environment. Data analysis helps in making informed decisions based on data, while project management ensures efficient planning and execution of tasks.
2. A concept from this course that I have applied in the workplace is effective communication. Clear and concise communication is crucial in any professional setting to ensure that information is understood and tasks are completed accurately. By practicing effective communication techniques learned in the course, I have been able to improve collaboration and productivity in my workplace.
3. The most challenging business concept in this course was financial analysis. Understanding financial statements and analyzing financial data required a solid understanding of accounting principles. To overcome this challenge, I sought additional resources such as textbooks and online tutorials.
4. Through this course, I have grown both personally and professionally. Personally, I have developed a stronger sense of self-discipline and time management skills, as online courses require independent learning. Professionally, I have gained valuable knowledge and skills that are directly applicable to my career.
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If any body wants to be doctor ; what else does he need to do?
Answer:
go to med school
Explanation:
.........
QuestionWhen economists say the demand for a product has increase, they mean that the ___________________.Ademand curve for the product has shifted to the leftBprice of the product has fallen, and consequently consumers are buying more of the productCcost of producing the product has consequently consumers are buying more of the productDamount of the product that consumers are willing to purchase at various prices has increasedMedium
The correct option is option D - consumers are willing to purchase at various prices has increased.
When economists say the demand for a product has increased, they mean that the amount of the product that consumers are willing to purchase at various prices has increased.
This indicates that the product's demand curve has shifted to the right, indicating that buyers are now willing and able to buy more of the product at each price point. The price of the product does not have to alter in order for demand to rise, while in some circumstances, a lower price may encourage more consumers to buy the product.
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The following question may be like this:
When economists say the demand for a product has increase, they mean that the _______.
A demand curve for the product has shifted to the left
B price of the product has fallen, and consequently consumers are buying more of the product
C cost of producing the product has consequently consumers are buying more of the product
D amount of the product that consumers are willing to purchase at various prices has increased
Traditionally, retail outlets carried related lines of goods. Today, however, ________, or offering several unrelated product lines in a single store, is common.
Today, a single store offering scrambled merchandising or several unrelated product lines is common.
Prior to today, stores usually specializes on sales of products which are in same line such as varieties of flowers, varieties of clothes, variety of drinks etc.
But today, this has changed because single store now offers several unrelated product lines and scrambled merchandising (which is a tactic where retailer sells product that are outside their focus)
Today, a single store can offer sales of drinks, cloth, snacks, flowers, accessories etc
Therefore, in conclusion, today, a single store offering scrambled merchandising or several unrelated product lines is common.
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Which technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience?
Facial recognition technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience.
Who is said to be retailers?
Typically, retailers would purchase products from a producer, wholesaler, or other distributor and resale them to the general public. Small, family-run pharmacies or your neighborhood grocery shop can buy from the same outlets or from smaller suppliers, unlike large merchants like Walmart and Target which buy products in bulk from producers or wholesalers.
In either case, the merchant charges the customer a markup (the distinction between the product's purchase price and resale price) for such things. Retailers achieve profitability in this way.
Retailers must be set up to sell to customers directly in some way. Making decisions regarding physical and digital venues as well as how to sell things and engage with customers are all part of this.
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how do you manage pasture land for Sheep, goats and chyangras ????explain!! any one know this answer then help meeee
Answer:
Your pasture should be divided into small fields or blocks the more the better depending on the #of goats
Explanation:
Set up a schedule where you rotate the goats every day. Your first field should be the last one after the goats graze all the others fields.
Answer:
we can managed the pastureland for sheep,goats and chyangras by the following points:
1) local grasses should be conserved and promoted.
2) Rotational grazing should be practiced.
3) pastureland should be routinely irrigated during the dry season .
4) If it has poor soil fertility, fertilizers should be applied time to time.
5) Based on geographical conditions, various grasses can be planted on the pastureland.
(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of _____.
an efficient monetary policy
a national economy
a competitive marketplace
sound financial management
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of a competitive marketplace. Thus, option C is correct.
What is the market?Markets are places where individuals, businesses, and industries transact, whether it be for the purpose of purchasing, producing, or providing services. they use it n order earning profits.
As there are various suppliers in the market, there is a face lot of people have various options from which the person could buy.
Customer competition is fueled by a competitive market. This implies that consumers struggle among others to purchase a commodity, particularly when inventory is low. Therefore, option C is the correct option.
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1. Why must managers concentrate on planning before directing employees to their assigned tasks?
Answer:Planning is an important part of the work of project managers. These specialists determine what needs to be done, who will do it, how long each task will take, and how much it will cost. Based on this information, project managers develop a detailed work plan, prepare a schedule, and prepare a budget.
Explanation:
The project manager assesses the amount of work needed, analyzes the possible workload of the team, determines the timing of tasks and creates a clear plan for the project.
Hem and Nem are partners in a firm sharing profits in the ratio of 3:2. Their capitals were 80,000 and 60,000 respectively. They admitted Sam on Jan 1, 2019 as a new partner for 1/5th share in the future profits. Sam brought 60,000 as his capital.Calculate the value of goodwill of the firm and record necessary journal entries when Sam brings his share of goodwill in cash.
Answer:
Sam's capital account = $60,000 (for 1/5 of the firm)
the firm's total value = $60,000 x 5 = $300,000
goodwill = $300,000 - ($60,000 + $80,000 + $60,000) = $100,000
Hem's share of goodwill = ($80,000 / $140,000) x $100,000 = $57,143
Nem's share of goodwill = $100,000 - $57,143 = $42,857
the journal entry used to record goodwill:
Dr Goodwill 100,000
Cr Hem, capital, 57,143
Cr Nem, capital, 42,857
what is meant by business objectives
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
1
Select the correct answer.
Which risk is a sponsor assuming when buying the naming rights to a stadium or arena?
OA.
Nobody will notice.
OB. The team may not perform well:
OC. The fans of the team may not like the idea.
OD.
People will dismiss the action as pretentious.
Reset
Next
Answer:
The team may not perform well:
Explanation:
The biggest risk with naming rights is negative news concerning the team. The sponsor's brand name will be associated with the team; any negative team news will impact the brand name.
If a team performs poorly, some customers may associate the team's dismal performance with the brand name. Customers may shy away from the sponsor's products as they distance themselves from dismal performances.
Answer:B
Explanation:i just took the test...
when the merging companies are in unrelated industries or different countries, the strategy requiring a minimal exchange of culture or organizational practices is ______.
When the merging companies are in unrelated industries or different countries, the strategy requiring a minimal exchange of culture or organizational practices is known as a "hands-off" or "autonomous" approach.
This approach enables each company to preserve its distinct culture and practices while reaping the advantages of the merger, such as shared resources and expanded market reach.
However, adopting this approach can present difficulties in terms of communication and collaboration, as well as potential cultural conflicts.
Despite these challenges, the hands-off approach acknowledges the value of preserving individual identities and allows the merged entities to operate relatively independently.
By doing so, they can capitalize on their respective strengths and capitalize on the synergies brought about by the merger while navigating the complexities associated with cultural differences and diverse organizational practices.
in situations where merging companies operate in distinct industries or countries, the strategy that entails limited interchange of culture or organizational practices is referred to as a "hands-off" or "autonomous" approach.
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A company is a devout follower of Confucian ethics. Hence, it hires people who live by similar principles. What is most likely to be a characteristic of this company?
The most likely characteristic of this company, which is a devout follower of Confucian ethics is : not blind loyalty
What is loyalty?Loyalty is the act of choosing one company's products and services consistently over their competitors. It means that one would stick to a company's product no matter what is being offered by others.
Here, the company is not blind by loyalty because it has a principle. The principle is that whosoever live by their principle will be hired irrespective of whether they are loyal to the company or not.
Hence, the most likely characteristic of this company, which is a devout follower of Confucian ethics is not blind loyalty.
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To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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15. The word tourism first referred to which of the following? (1 point)
Oa theatrical voyage
Oa ship used by pirates in the Caribbean
O a traditional Austrian dance
O a gift given to a hostess
The word tourism was first referred to as a theatrical voyage. So, option (a) or (i): theatrical voyage is the correct answer.
Why is tourism referred to as a theatrical voyage?Many tourist places in China have quickly established theatrical performances; yet, little research has been done in this crucial field.
The tour de France, a great tour, conducted by young nobility during the 16th and 18th centuries, was an early form and predecessor of modern tourism.
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02.01 LC)
Work you do for pay is called a _____.
A. service industry
B. diverse workforce
C. job
D. volunteer job
for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effective than a modular structure.
Modular simply means something that has separate units, especially when each unit performs its own function and could be replaced by a similar unit for the same function. For a company making advanced technology, with highly specialized components, a customer divisional structure would be more effective than a modular structure is regarded as a false statement.
The Modular Structure Organizations put in several ways that show how the organization operates and performs.The structure carries along computer, automotive, appliances, and other companies making advanced technologies and using specialized components.
It is based on dividing the business into small, strong tied strategic business units, which is based on specific elements of the organizational process.
Conclusively, modularity is used often when dealing with technological and organizational systems and the modular organization is very flexible.
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here is 20 points cause you earned it king/queen
The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called?
Business Economics is the field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment
It is a field of both business and economics that deals with both the micro and macro aspect of the economics with the mix of the management involved in it.
It involves both the wage rates and employment and unemployment issues with the business activities and the management at all levels to consider the policies and procedures to be implied in the organisation. It also decides the income and wage expansion accordingly.
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you'd like to see what your average revenue would be if you increased average prices by 10%. you forecast that your average quantity sold would decrease by 10% as a result of the price increase. what would be the new forecasted average revenue per item?
To calculate the new forecasted average revenue per item, we can use the following formula: New forecasted average revenue per item = Current average revenue per item * 1.1 * 0.9
What does this mean?Here, 1.1 represents the 10% increase in average prices, and 0.9 represents the 10% decrease in average quantity sold.
For example, if the current average revenue per item is $50, the new forecasted average revenue per item would be:
New forecasted average revenue per item = $50 * 1.1 * 0.9
= $49.50
Therefore, the new forecasted average revenue per item would be $49.50 if the average prices were increased by 10% and the average quantity sold decreased by 10%.
Note that this is just an example.
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Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school
Answer:
Volunteering at a health clinic after school
Explanation:
If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.
29. Visit the website of two coffee manufacturers or produc- ers. Determine how the firms ensure the quality of their product through the production process. How robust is the process, and how does it compare to the measures put in place by the Sri Lankan tea factories?
The overview of firms that ensure the quality of their product through the production process is given below since i cannot pay a visit.
These can include the selection of high-quality coffee beans, careful processing of the beans to preserve their flavor and aroma, roasting the beans to the appropriate level, and proper storage and handling of the coffee to prevent contamination or degradation.What is the production process about?In terms of the robustness of these measures, it is likely that different coffee manufacturers have different processes in place, so it is difficult to make a comparison without more information.
As for the measures put in place by Sri Lankan tea factories, these may include similar steps such as the selection of high-quality tea leaves, proper processing and fermentation of the leaves, and proper storage and handling to ensure the quality of the finished product.
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How a researcher knows what is topical within his or her subject and why it is important to know that
The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
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Why is the hospitality industry considered diverse and complex?
Answer:
Because the clients and the employees are diverse and because there are major groups of hotels chains that dominate the industry.
Explanation:
To begin with, the hospitality industry is considered to be so diverse because of the wide range of clients that is it has, representing people from all over the world, the consumers of the hospitality industry tend to have very different cultures, languages, ethics and more and that is becuase the whole world is to be considered a client when it comes to this industry. Moreover, the workers of the industry tend to be from different places as well because that gives a plus to the company who receives people from everywhere.
Secondly, this industry it is considered to be complex due to the fact that most of the hotels chains are the ones that dominate the industry and therefore that one group of hotels is the one that receives the most of the clients and so on.
For a $60 coat there is an additional 10harge when the coat is bought on credit. what is the total cost to a credit customer?
a. $66.60
b. $66.00
c. $54.00
d. $60.60
The total cost to a credit customer for a $60 coat, including the additional charge for buying on credit, would be $66.00.When a customer buys the $60 coat on credit, there is an additional charge.
The correct option is B.
This means that the customer needs to pay the original price of $60 plus the additional charge. Therefore, the total cost for the credit customer would be $60 + $6 (10% of $60) = $66.00. In this case, option b. $66.00 is the correct answer. To find the total cost, we first need to calculate the additional charge for buying the coat on credit.
The additional charge is 10% of the original price of $60. To find 10% of $60, we multiply $60 by 0.10, which gives us $6. To find the total cost to the credit customer, we add the original price of $60 to the additional charge of $6. This gives us $60 + $6 = $66.00. Therefore, the correct answer is b. $66.00. This means that the total cost to a credit customer for the $60 coat is $66.00, including the additional charge for buying on credit.
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Question 6 of 10
A human resource staff member was asked to create a job description.
Which of the following steps should be included in the process?
A. Evaluate the employee in the job
B. Interview customers served by the employee in the job
C. Conduct a job analysis
D. Suggest changes to the management structure
For this human resource staff member who was asked to create a job description, the step that should be included in the process is: B. Interview customers served by the employee in the job.
What is Human resources management?Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.
This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing, creating job description, and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.
In this context, we can reasonably infer and logically deduce that interviewing customers that are served by the employee in the job is a step that should be included in the process of creating a job description.
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Answer: C conduct a job analysis
Explanation:
it is
If people are finite-lived, Ricardian equivalence can fail because lifetime wealth will change for those currently alive. people cannot predict the future. this implies taxes must be distorting. there is intragenerational redistribution.
True. Ricardian equivalence can fail due to finite lifespans, uncertainty about the future, distorting taxes, and intragenerational redistribution.
Ricardian equivalence is an economic theory that suggests that changes in government borrowing and debt levels have no effect on consumer behavior. However, it can fail in certain circumstances. Finite lifespans mean that individuals cannot predict the future accurately, leading to changes in lifetime wealth for those currently alive.
Uncertainty about the future undermines the assumption that individuals will save or adjust their consumption based on expected future taxes. Distorting taxes, such as progressive income tax, can create intertemporal and intragenerational redistribution, influencing individual consumption decisions.
These factors challenge the validity of Ricardian equivalence and suggest that taxation policies can have real effects on consumer behavior and resource allocation.
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majority shareholding corporate governance (underhanded agreement)
According to corporate governance parlance, an underhanded agreement is a contract executed by one person as authorized by the Board of Directors.
What is majority shareholding?Majority shareholding refers to ownership of an entity by a person or entity that controls more than 50% of a company's shares. A majority shareholder can exercise significant influence over the company with their voting shares.
How do majority shareholding and corporate governance relate?Corporate governance provides the policies and rules for managing a corporation in the best interest of shareholders.
Corporate governance also requires the interests of minority shareholders to be taken into account in decision-making, thereby frowning at some underhanded agreements.
Thus, it is possible for those charged with corporate government (the board of directors) to facilitate underhanded agreements for the majority shareholders. But this practice runs against the ethics of corporate governance.
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