Mrs. King, a single taxpayer, earns a $42,000 annual salary and pays 15 percent in state and federal income tax. If tax rates increase so that Mrs. King's annual tax rate is 20 percent, how much additional income must she earn to maintain her after-tax disposable income? Additional Income before tax $ 40,376
Answers
If her tax rate increases to 20%, she would need to earn an additional $40,376 before tax in order to maintain her after-tax disposable income.
To calculate the additional income Mrs. King would need to earn, we can use the concept of after-tax disposable income. Currently, Mrs. King pays 15% in taxes on her $42,000 salary, which means she has an after-tax disposable income of 85% of her salary.
To maintain her after-tax disposable income at the higher tax rate of 20%, she would need to find the amount of additional income that, when taxed at 20%, would result in the same after-tax amount. Let's denote this additional income as X.
Using the equation: X * (1 - 20%) = $42,000 * (1 - 15%)
Simplifying the equation, we find: X * 0.8 = $42,000 * 0.85
Dividing both sides of the equation by 0.8, we get: X = ($42,000 * 0.85) / 0.8
Calculating the value, we find: X = $40,376
Therefore, Mrs. King would need to earn an additional $40,376 before tax in order to maintain her after-tax disposable income at the higher tax rate of 20%.
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Related Questions
Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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What is the fallacy in concluding that all information is equally unreliable due to a lack of inherent objectivity in sources?
Answers
The fallacy in concluding that all information is equally unreliable due to a lack of inherent objectivity in sources is the false equivalence fallacy.
This fallacy assumes that just because sources may have biases or subjectivity, that all information they present is equally unreliable or untrustworthy. This is not always the case as some sources may still have a high degree of reliability and accuracy despite their potential biases.
Furthermore, not all information is equal in terms of reliability and some sources may have a better track record of accuracy and trustworthiness than others. Therefore, it is important to evaluate sources on a case-by-case basis rather than assuming all information is equally unreliable due to the inherent subjectivity of sources. This can be done by examining the credentials and reputation of the sources, cross-checking information with other sources, and critically analyzing the evidence presented.
By doing so, we can avoid the false equivalence fallacy and make more informed decisions based on reliable information.
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from the broadest perspective, the goal of training is to contribute to:
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From the broadest perspective, the goal of training is to contribute to the overall growth and development of an individual or group. This can involve a variety of outcomes, depending on the specific goals and objectives of the training program.
At its core, training is about equipping individuals with the tools, knowledge, and skills they need to be successful in their chosen field or area of expertise. This can involve a range of activities, such as classroom instruction, hands-on learning, mentoring and coaching, and on-the-job training. The ultimate aim is to help individuals and organizations achieve their full potential by providing them with the resources and support they need to succeed.
Beyond the individual level, training can also play an important role in contributing to the broader goals of an organization or society. Ultimately, the goal of training is to create a more skilled, knowledgeable, and capable workforce that is better equipped to meet the challenges of the future.
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The per diem employee makes $110.00. He works 25 days in the month. What is his gross pay?
Answers
To calculate the gross pay of the per diem employee, we need to multiply his daily rate by the number of days he worked in the month.
Daily pay = $110.00
Number of days worked = 25
Gross pay = Daily pay x Number of days worked
Gross pay = $110.00 x 25
Gross pay = $2,750.00
Therefore, the gross pay of the per diem employee is $2,750.00.
Waterway Industries began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends of $58000. What was Waterway's net income for the year
Answers
Waterway's net income for the year was $20,000.
Waterway Industries began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends of $58000.
The net income for the year was $60,000.
Net Income = Revenue - Expenses - Taxes or Net Income = (Total Revenue) - (Total Expenses)
Revenue = $1,109,000
Expenses = $973,000
Dividends = $58,000
Net Income = Revenue - Expenses - Dividends
Net Income = $1,109,000 - $973,000 - $58,000
Net Income = $78,000 - $58,000
Net Income = $20,000
Hence, the net income for the year was $20,000.
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If a stock was purchased for $7500 in January 2020 and is sold in December 2020 for 7000, what results
Answers
They took $5,000 off
The difference between small business and entrepreneurship has nearly nothing to do with size and nearly everything to do with
O Capital
O competition
O number of employees
O characteristics
→
Answers
Answer: (1) Entrepreneurs are always looking for ways to make money while small business have the same goal but company owners also focus on maintaining their business income to pay for operating expenses.
(2) Entrepreneurs are more likely to take on debt than small business owners and typically have much higher risk tolerance. They are comfortable assuming larger uncertainties to pursue new ideas and opportunities
(3) Entrepreneurs are risk-takers while store owners are more conservative
(4) Entrepreneurs are future-oriented, while small business owners typically focus on the present.
Explanation:
Most bonds require par value to be repaid _______ and interest to be paid _________.
Answers
Most bonds require par value to be repaid at maturity and interest to be paid semi-annually.
What is a bond?
A bond is a debt instrument used by businesses to raise capital needed for business operations. Bondholders earn interest on the amount invested at predetermined intervals and at the maturity of the bond, they are paid back the amount invested.
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Which type of e-marketplace is described as a neutral third party?
decentralized marketplaces
virtual auctions
independent e-marketplaces
integrated exchanges
private exchanges
Answers
The type of e-marketplace that is typically described as a neutral third party is independent e-marketplaces. These marketplaces are platforms that bring together buyers and sellers in a virtual environment,
They do not have a vested interest in any particular product or service. As a result, they can act as a neutral intermediary, facilitating transactions and ensuring that both parties receive fair treatment. Independent e-marketplaces can offer a number of benefits to buyers and sellers.
For example, they can provide access to a larger pool of potential customers or suppliers, which can help to increase competition and drive down prices. They can also offer a greater degree of transparency and accountability, since all transactions are typically tracked and monitored.
Additionally, independent e-marketplaces can help to reduce the risk of fraud or other types of misconduct since they often have measures in place to verify the identity and credibility of buyers and sellers.
In summary, independent e-marketplaces are typically seen as a neutral third party in the e-commerce landscape, providing a platform for buyers and sellers to connect without any vested interest in the products or services being exchanged. These marketplaces can offer a number of benefits, including increased competition, greater transparency and accountability, and reduced risk of fraud or misconduct.
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on june 30, 2024, moran corporation issued $10.0 million of its 8% bonds for $9.0 million. the bonds were priced to yield 10%. the bonds are dated june 30, 2024. interest is payable semiannually on december 31 and july 1. if the effective interest method is used, by how much should the bond discount be reduced for the six months ended december 31, 2024?
Answers
The bond discount should be reduced by $50,000 for the six months ended December 31, 2024. This is because the effective interest method requires the discount on bonds to be amortized over the life of the bonds.
The bond discount is the difference between the face value ($10 million) and the issue price ($9 million). Thus, the bond discount is $1 million. The interest rate of 10% is applied to the bond discount of $1 million and divided by two to get the amount to be amortized each six months. Therefore, the bond discount should be reduced by $50,000 ($1 million * 10% / 2) for the six months ended December 31, 2024.
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under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answers
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
Why is it so important to understand how a business process works when trying to develop a new information system?
Answers
Answer:
It is important because we need to:
Ensure consistency and understanding across the business. Reduce confusion during implementation. Identify areas for efficiency gains or controls.
What is the deadweight loss formula?
Answers
The deadweight loss formula is used to calculate the economic inefficiency that occurs when the equilibrium quantity of a good or service is not being produced due to a market failure such as taxes, subsidies, price floors, or price ceilings.
The formula for deadweight loss is as follows:
DWL = 0.5 x (P2 - P1) x (Q1 - Q2)
where:
DWL is the deadweight loss
P1 is the price buyers pay before the market intervention
P2 is the price buyers pay after the market intervention
Q1 is the quantity bought and sold before the market intervention
Q2 is the quantity bought and sold after the market intervention
This formula calculates the triangle area between the supply and demand curves, with the height being the difference between the initial and post-intervention prices and the base being the difference between the initial and post-intervention quantities. This triangle represents the loss of consumer and producer surplus due to the market inefficiency caused by the market intervention.
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Jacques maxes out his credit card and then misses several payments in a row before he started paying his bills. How could this affect his credit score and would there be any repercussions from that change?(1 point)
A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
C. His credit score would not change. Credit cards cannot affect credit scores. Only home loans and auto loans (or any vehicle loans, such as boats) can affect your credit score.
D. His credit score would not change. Since he started paying his bills, there would be no negative effects.
Answers
As a result of maxing out the credit card and missing payments, A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
There are several ways to get a lower credit score including:
Missing payments on your credit card Spending the entire limit on your credit cardWhen a person's credit score goes low, it means that loaning money to them is riskier and as a result, some lenders will refuse to lend the person money and if they do, they will charge a higher rate to compensate for the higher risk.
In conclusion, option A is correct.
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What government agency seeks to protect consumers and promote
competition?
O A. FTC
B. ITA
C. FDA
D. IRS
Help asap please
Answers
Answer:
A : the FTC
Explanation:
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After years of using a mass marketing strategy, Precision Print Shop has responded to new competition from larger companies by focusing on small market segments that have been ignored by these competitors. Precision believes that by offering these market segments personalized customer service it can attract a loyal group of customers willing to pay premium prices. What is Precision's strategy known as
Answers
Answer:
niche marketing
Explanation:
Niche marketing is the type of marketing in which the promotion and the selling of the product and services are held for the specific section to be done. It focused on the particular market targets that could give the benefit from that specific product not with the overall market also this market would be high cost effective
SO according to the given situation, it is a niche marketing strategy
Factors That Promote Economic Growth Choose the correct statement. 1. Clearly established and enforced property rights provide people with the incentive to work and save. 2. Economic growth does not occur in the environment of an authoritarian political system. 3. The presence of an incentive system and the institutions that create it guarantees that economic growth will occur. 4. Property rights and markets create incentives for people to save and invest.
Answers
Answer:
Statements 1 and 4 are correct.
Explanation:
Economic growth is defined as an increase in the production of goods and services over a period of time. Economic growth is important because it shows growth in output(production) from one period to another. Some of the factors that promotes economic growth are but not limited to technology, human capital, population and law etc.
With regards to the above, property right is the legal ownership of properties or resources and can be used by owners as they deemed fit. It is the right of persons to rent, lease or sell their properties. When property right is clearly established and enforced, it gives people incentives to work and save hence one of the factors that promote economic growth.
Again, property right and market create incentives for people to work and save, which is also a factor that promote economic growth.
make a conclusion of :
- How big data important in CRM
- how big data can help the company
Answers
Big data plays a crucial role in Customer Relationship Management (CRM) by providing valuable insights and improving decision-making processes.
Big data analytics in CRM allows companies to collect, analyze, and interpret vast amounts of customer data from multiple sources, such as social media, online transactions, customer interactions, and demographic information.
This data provides valuable insights into customer behavior, trends, and patterns, enabling companies to gain a deeper understanding of their target audience.
With this understanding, companies can personalize their marketing efforts, deliver tailored product recommendations, and provide exceptional customer experiences.
By leveraging big data, companies can identify customer preferences, anticipate their needs, and proactively address any issues or concerns. This leads to improved customer satisfaction, increased customer loyalty, and ultimately drives business growth.
Moreover, big data analytics enables companies to track and measure the effectiveness of their marketing campaigns, identify areas for improvement, and make data-driven decisions.
By analyzing customer data, companies can identify new market opportunities, optimize pricing strategies, and identify cross-selling or upselling opportunities.
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How is days to collect accounts receivable determined? A) 365 days divided by accounts receivable turnover. B) Net sales divided by 365. C) Net sales divided by average net trade receivables. D) Accounts receivable turnover divided by 365 days.
Answers
Days to collect accounts receivable is determined by dividing the number of days in the accounting period by the accounts receivable turnover. Thus, option A) 365 days divided by accounts receivable turnover is the correct answer.
How is days to collect accounts receivable determined? Days to collect accounts receivable is calculated as follows: Days to collect accounts receivable = 365 days ÷ Accounts receivable turnover is the measure of how frequently accounts receivable are converted into cash.
It is calculated by dividing net credit sales by the average net accounts receivable during the accounting period. It is a ratio that measures the effectiveness of a company's credit and collection policies.
Days to collect accounts receivable is a measure of the average number of days it takes a company to collect its accounts receivable.
A lower number of days to collect accounts receivable is an indicator that the company is efficient in its collection procedures.
A high number of days to collect accounts receivable indicates a weak collection process, which may result in an increase in bad debt expense.
The days to collect accounts receivable is an important measure of a company's financial performance because it indicates how efficiently the company is managing its accounts receivable.
The faster a company collects its accounts receivable, the more cash it will have on hand to invest in its operations, pay its bills, or distribute to shareholders.
Therefore, it is essential for a company to manage its accounts receivable effectively, so it can have sufficient cash to meet its short-term obligations.
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Which type of business has owners that share the debts and the profits but avoid the expense of incorporation?
Answers
Answer:
Its Corperation.
Explanation:
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career question will mark first answer brainliest
Answers
Answer:
B.
Explanation:
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Casey's compensation includes health and dental insurance. This part of her compensation is considered ________.A: base payB: a wage and salary add-onC: incentive payD: benefitsE: profit sharing
Answers
Casey's compensation including health and dental insurance is considered D: benefits.
Benefits are non-wage forms of compensation provided to employees in addition to their base pay or wages. They are often provided as part of an employee's total compensation package and can include various offerings such as health insurance, dental insurance, retirement plans, paid time off, and other fringe benefits. These benefits aim to support the well-being and welfare of employees and may vary depending on the organization and employment terms. In this case, health and dental insurance are specific examples of benefits that Casey receives as part of her compensation package.
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______ is a nonprofit organization that recruits and selects college graduates from universities to serve as teachers in low-income conditions.
Answers
The blank space in the task statement should be filled with; Teach for America.
Teach for America initiativeAs the name implies, Teach For America is a nonprofit organization whose stated objective is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational equity and excellence".
On this note, the nonprofit organization in discuss is; Teach for America.
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15) bankers corp. has a very conservative beta of .7, while biotech corp. has a beta of 2.1. given that the t-bill rate is 5%, and the market is expected to return 15%, what is the expected return of bankers corp., biotech corp., and a portfolio composed of 60% of bankers corp. and 40% biotech corp.? a. solve this problem first by weighting the betas to calculate a portfolio beta, and then using capm to calculate the portfolio expected return. b. then solve the problem again by calculating the expected return of each asset and weighting those returns to calculate the portfolio expected return. c. why is biotech corp.'s expected return not three times that of bankers corp.?
Answers
The CAPM Formula
Ri = (BiMarketRiskPremium) + (RF)
Where Ri denotes the anticipated return on a particular stock. Bi is the stock's Beta. The rate that is risk-free of return is denoted by RF.
a) Portfolio return (comprised of the two stocks)
To begin, compute the portfolio beta.
Wi-Fi + WiBj = Portfolio Beta
Where Wi represents the weight of Financial professionals Corp.
Bankers Corp's beta is Bi.
Biotech Corp's weight is Wj.
Biotech Corp's Beta is Bj.
=( 0.6 x 0.7) + (0.4 x 2.1)
= 1.26
Return on investment equals five percent + (1.26 x 15%) = 23.9%
b) Portfolio profit
R = five percent + (0.7 x 15%) = 15.5%
(2.1 x 15%) = 36.5% r (Biotech Corp)
= (0.6 x 15.5%) + (0.4 x 36.5%) = 23.9%
c) This is because the return on a stock is not solely based on beta but on the risk-free rate of return and the market risk premium as well.
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Demand-pull inflation occurs when
the price of goods rises suddenly and extremely fast.
consumers begin purchasing more goods.
producers need more money to make and distribute goods.
the government prints more money and pushes prices up.
Answers
Answer:
The production and transport of good and service are high and rises than the demand pull inflation occurs. It may be profitable for any business. Demand pull inflation need cost more but more than that they get profit
Printers is evaluating the delivery time of two courier delivery services in Cape Town. The belief is that there is no significant difference between the average delivery times. To test this, QQ Printers used both courier services on a random basis over a period of three months for deliveries to similar destinations. Courier A was used 60 times over this period and the mean delivery time was 42 minutes. Courier B was used 48 times over the same period with a mean delivery time of 38 minutes. Assume that the population standard deviation of delivery times is 14 minutes for courier A, and 10 minutes for courier B. Test at 5% level of significance, that there is no difference between the mean delivery times of the two couriers. 14. This is a (one/two) sided hypothesis test. (Choose the correct response) 15. What is the absolute value (correct to two decimal places) of the appropriate critical value to use in constructing the rejection region of this hypothesis test? 16. What is the absolute value (correct to two decimal places) of the test statistic? 17. What is your conclusion? 18. What is the p-value associated with the test statistic? 19. QQ Printers would like to know whether courier A is slower, on average, than courier B in its delivery times to clients. What is the p-value associated with this test statistic?
Answers
14. The two-sided hypothesis test is used when the hypothesis concerns whether or not the difference between two means is zero. In this type of hypothesis test, both the extreme ends of the distribution of the test statistic are critical.
Therefore, this is a two-sided hypothesis test.
15. The critical value (t-value) is 1.6714.
To find the absolute value of the appropriate critical value to use in constructing the rejection region of this hypothesis test, we use the TINV function, which is the inverse of the T distribution function.
TINV(0.025,107) = 1.6714 (correct to two decimal places)
The absolute value of the appropriate critical value to use in constructing the rejection region of this hypothesis test is 1.6714 .
16. The test statistic is computed as follows:
t = (x1 - x2 - D)/SE
where x1 is the sample mean of courier A,
x2 is the sample mean of courier
B, D is the hypothesized difference between the means, and SE is the standard error of the sampling distribution.
The hypothesized difference between the means is zero (i.e., H0: µ1 - µ2 = 0), so D = 0. The standard error of the sampling distribution is given by:
SE = √[s1^2/n1 + s2^2/n2]
where s1 and s2 are the standard deviations of courier A and courier B, respectively, and n1 and n2 are the sample sizes of courier A and courier B, respectively.
s1 = 14,
n1 = 60,
s2 = 10,
n2 = 48
SE = √[14^2/60 + 10^2/48] = 3.3762
The test statistic is:
t = (42 - 38 - 0)/3.3762 = 1.1848
The absolute value of the test statistic is 1.1848
17. At 5% level of significance, the appropriate critical values to use in constructing the rejection region of this hypothesis test are -1.6714 and 1.6714. Since the absolute value of the test statistic (1.1848) is less than the absolute value of the appropriate critical value (1.6714), we fail to reject the null hypothesis.
Therefore, there is insufficient evidence to conclude that there is a difference between the mean delivery times of the two couriers.
18. The p-value associated with the test statistic can be found by comparing the absolute value of the test statistic to the appropriate critical value(s).
Since the test statistic (1.1848) falls within the non-rejection region (-1.6714 ≤ t ≤ 1.6714), the p-value is greater than 0.05.
Therefore, the p-value is greater than 0.05.
19. The p-value associated with this test statistic is the probability of getting a test statistic value as extreme or more extreme than the observed test statistic (1.1848), given that the null hypothesis is true. Since this is a two-sided hypothesis test, the p-value is two-tailed.
The p-value can be found using the TINV function as follows:
p-value = 2 * (1 - TINV(0.988,107)
)where 107 is the degrees of freedom (df) obtained from the formula
df = n1 + n2 - 2, and 0.988 is the probability of observing a test statistic value as extreme or more extreme than the observed test statistic (1.1848), given that the null hypothesis is true.
p-value = 2 * (1 - TINV(0.988,107)) = 0.2388
The p-value associated with this test statistic is 0.2388.
Since the p-value is greater than 0.05, we fail to reject the null hypothesis that there is no difference between the mean delivery times of the two couriers.
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your company is manufacturing a new product , you need to establish a product quality control process. what are three things you must do to create/ establish. your product quality control process? (choose 3). 1.) developing the product website and social media campaign ? 2.) setting up your test market strategy ? 3.) review the results of internal quality assurance testing ? 4.) establish the method to use or testing product quality ? 5.) determine what standards have to be met based on the product and industry ? 6.) publish your test results in a popular professional journal?
Answers
Answer:5,4,and1
Explanation:
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory
Answers
Answer:
Units in ending inventory is 25
Explanation:
The units in ending inventory can be computed using the cost of goods sold formula and rearranging it to make ending inventory the subject of the formula.
Cost of goods sold=beginning inventory+units produced-ending inventory
ending inventory=beginning inventory+units produced-Cost of goods sold
beginning inventory is 0
units produced is 250 units
unit sold is 225 units
ending inventory=0+250-225
ending inventory=25 units
all four areas of social responsibility for firms (economic, legal, ethical, and discretionary) are of equal importance in a firm's overall level of social responsibility.
Answers
A company's overall level of social responsibility depends on all four dimensions of corporate social responsibility: economic, legal, ethical, and discretionary. This statement is true.
Corporate social responsibility, or CSR, is a business strategy that takes into account how an organization affects society, its workforce, and other stakeholders. CSR is used to reduce harm, conduct ethical business, be accountable along the entire global supply chain, engage in philanthropy, and develop a self-directed human resource management system.
Throughout the 1950s and 1960s, social activist organizations (as well as others) promoted corporate social responsibility. The message to be socially and environmentally conscious, however, didn't become crystal evident until the 1970s.
Carroll's methodology establishes consistency in an area lacking a precise, predetermined definition. However, since this model was created in 1991, it is no longer relevant in the current corporate climate.
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Correct question:
All four areas of social responsibility for companies (economic, legal, ethical, and discretionary) are equally important to a company's overall level of social responsibility. True or false.
The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choice question. international-trade effect real-balances effect price-level effect interest-rate effect
Answers
Answer:
Explanation:
Hi
The price-level effect is regarded as a situation in which the purchasing power of the customer of its total accumulated savings balances.
How does price level affect the purchasing power of a person?Price level refers to an amount for which a certain product is available for sale. It is assumed that the savings of the consumer who is willing to buy does NOT change in the meanwhile.
If the price level of a product decreases, the net disposable income in the hands of a consumer will ultimately increase. Similarly, when the price level is higher, the net disposable income in the hands of the consumer is reduced, leading to a decrease in its purchasing power.
For example, when the savings of a person is 100 and the Product A costs 50 the consumer buys 2 units; When the prices are increased to 100, now the consumer can buy only 1 unit of Product A, indicating a decrease in the purchasing power of the person.
Hence, the price level effect is when the higher price level reduces the purchasing power of the public's savings.
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