Sampson's company recently was listed on the prestigious "World's Most Ethical Companies" list thanks to scoring very high in one of the top five criteria that Ethisphere ranks businesses by, the "Culture of Ethics." Based on this description, what does Sampson's company MOST likely excel at?
(1 point)
Making business deals with other businesses
Doing things within the company that have been developed through shared values and beliefs
Promoting unqualified employees to middle management roles
Giving back to the community through donations
Answers
Sampson's company most likely excel at doing things within the company that have been developed through shared values and beliefs.
Business ethics refers to the implementation of appropriate business policies and practice's in relation to potentially contentious issues. A discussion of ethics may include topics such as corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.
Ethical businesses strive to minimize their negative impact on society or the environment. They may also attempt to have a positive impact on a specific cause - a business model known as a social enterprise.
According to Forbes, employees care about the ethics of the companies for which they work. If their company harmed the environment, 65% of employees would seriously consider leaving, and 83% would consider leaving if their employer used child labor in sweatshops. Working ethically can also provide a competitive advantage. According to a recent study, 87% of consumers would buy a product if the company advocated for an issue they cared about, while more than 75% would refuse to buy a product if the company supported an issue that contradicted their beliefs.
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Related Questions
Baldwin has a new design for their product Bill next round that can reduce their material cost of producing units from $8.14 to $7.32. Baldwin passes on half of all cost savings by cutting the current price to customers. For simplicity:
- Use current labor costs of $4.17
- Assume all period costs as reported on Baldwin's Income Statement (Annual Rpt Pg 2) will remain the same.
Determine how many units (000) of product Bill would need to be sold next round to break even on the product.
Answers
Answer:
Hie, the information you have provided is incomplete.
However important information is explained as follows :
To calculate Break - even Point use the formula;
Break even Point (units) = Total Budgeted Fixed Costs / Contribution per unit
Break even Point is the level of operation at which a firm neither makes a profit nor a loss.
Contribution is Calculated as :
Sales : No information xxxx
Less Variable Costs ( Materials + Labor) $11,49
Contribution per unit xxxx
state any two Accounting concept
Answers
Answer:
Explanation:Concept of conservatism
In contrast to costs, which are recognised earlier when there is a reasonable likelihood that they will be incurred, revenue is only recorded when there is a reasonable certainty that it will be realised. Financial statements produced using this idea typically have a more cautious tone.
Concept of consistency
Once a company decides to employ a certain accounting technique, it should do so going forward. Thus, it is possible to compare financial statements created for various periods in a trustworthy manner.
Carla Vista Corporation is a lessee with a finance lease. The asset is recorded at $1040000 and has an economic life of 8 years. The lease term is 5 years. The asset is expected to have a fair value of $370000 at the end of 5 years, and a fair value of $135000 at the end of 8 years. The lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term. What amount of amortization expense would the lessee record for the first year of the lease
Answers
Answer:
The amount of amortization expense the lessee would record for the first year of the lease is $131,125.
Explanation:
Since the lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term, this implies that the calculation of the amount of amortization expense the lessee would record will be based on the economic life of the asset. Therefore, we have:
First year amortization expense = (Amount at which the asset is recorded - Fair value at the end of 8 years) / Economic life of the asset = ($1,040,000 - $135,000) / 8 = $131,125
Loren is in charge of implementing a wellness program for his organization. In formulating the plans for the wellness program, Loren visits and studies a number of other businesses that have successfully implemented such programs. When it is time to actually start the program in his organization, which of the following services or benefits is Loren LEAST likely to include?
a. Smoking cessation programs
b. Nutrition and weight-loss seminars
c. Cancer treatments including chemotherapy and radiation therapies
d. Stress management workshop sessions
Answers
Answer:
c. Cancer treatments including chemotherapy and radiation therapies
Explanation:
A wellness.program is defined as a set of activities.aomed at improving the quality of life of individuals through exercise, proper diet, and stress management.
The main idea behind a wellness program is prevention of illness with a healthy routine.
In the given scenario the other options are wellness initiatives except Cancer treatments including chemotherapy and radiation therapies.
This is excluded because it is study of a full blown illness and not preventive strategies to stay healthy.
Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product U6 690 8.9 6,141 Product R5 1,060 5.9 6,254 Total direct labor-hours 12,395 The direct labor rate is $28.00 per DLH. The direct materials cost per unit for each product is given below:
Direct Materials
Cost per Unit
Product U6 $250.40
Product R5 $167.80
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product U6 Product R5 Total
Labor-related DLHs $ 201,638 7,125 7,280 14,405
Production orders orders 72,840 1,350 1,250 2,600
Order size MHs 1,020,608 6,500 6,800 13,300
$ 1,295,086
Which of the following statements concerning the unit product cost of Product U6 is true? (Round your intermediate calculations to 2 decimal places.)
a. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $340.31.
b. The unit product cost of Product U6 under traditional costing is less than its unit product cost under activity-based costing by $5.63.
c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.
d. The unit product cost of Product U6 under traditional costing is less than its unit product cost under activity-based costing by $340.31.
Answers
Answer:
Lillich, Inc.
c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.
Explanation:
a) Data and Calculations:
Direct labor rate = $28.00 per DLH
Product U6 Product R5 Total
Expected production 690 1,060
Direct materials cost/unit $250.40 $167.80
Direct Labor Hours/unit 8.9 5.9
Total direct labor hours 6,141 6,254 12,395
Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)
Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)
Total overhead $636,360 $658,752 $1,295,112
Total production cost $981,084 $1,011,732
Expected production 690 1,060
Cost per unit $1,421.86 $954.46
Traditional costing:
Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)
Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)
Total overhead $641,612 $653,418 $1,295,112
Total production cost $986,336 $1,006,398
Expected production 690 1,060
Cost per unit $1,429.47 $949.43
Allocation of overhead based on direct labor hours
= $ 1,295,086/12,395
= $104.48 per DLH
Product U6 = $641,612 ($104.48 * 6,141)
Product R5 = $653,418 ($104.48 * 6,254)
Estimated Expected Activity
Activity Cost Pools Activity Overhead Product Product Total
Measures Costs U6 R5
Labor-related DLHs $ 201,638 7,125 7,280 14,405
Production orders Orders 72,840 1,350 1,250 2,600
Order size MHs 1,020,608 6,500 6,800 13,300
Total $ 1,295,086
Overhead rates:
Labor-related = $201,638/14,405 = $14.00 per DLH
Production orders = $72,840/2,600 = $28.00 per order
Order size = $1,020,608/13,300 = $76.74 per machine hour
Overhead allocation:
Product U6 Product R5 Total
Labor-related $99,750 (7,125*$14) $101,920 (7,280*$14) $201,670
Production orders 37,800 (1,350*$28) 35,000 (1,250*$28) 72,800
Order size 498,810 (6,500*$76.74) 521,832 (6,800*$76.74) 1,020,642
Total overhead $636,360 $658,752 $1,295,112
Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0. 02 for each second of talk time for the international call. A business owner tracked the time and cost for each of the calls made by the employees when they traveled internationally for business. What is the appropriate value of the correlation between time and cost for the international calls?
Answers
The appropriate value of the correlation between time and cost for the international calls is 1.
Explanation:
The correlation coefficient (r) measures the strength and direction of the linear relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no correlation.
In this case, the cost of an international call is directly proportional to the time of the call. This means that as the time of the call increases, the cost also increases at a constant rate. Therefore, the correlation between time and cost for the international calls is 1, indicating a perfect positive correlation.
Here's the formula for the cost of an international call:
Cost = $1 + ($0.02 × time)
The $1 is a fixed fee for each call, and the $0.02 is the rate for each second of talk time. So, for each additional second of talk time, the cost increases by $0.02. This shows a direct relationship between time and cost, resulting in a correlation of 1.
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Calculate the percent change in revenue from one month to the next if 1,000 units are sold on sale at $21 each during a month, and then 700 units are sold at $30 each during the next month.
Answers
There is no change in revenue from one month to the next.
To calculate the percent change in revenue from one month to the next, you will need to find the revenue generated in each month and compare them.
The formula to find the percent change is given by:
Percent change = [(New value - Old value) / Old value] x 100
Where the New value is the revenue generated in the second month and the Old value is the revenue generated in the first month. To find the revenue generated in the first month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the first month = 1,000 x $21 = $21,000
To find the revenue generated in the second month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the second month = 700 x $30 = $21,000
Using the formula, we can find the percent change in revenue from the first month to the second month:
Percent change = [(21,000 - 21,000) / 21,000] x 100
Percent change = 0%
Therefore, there is no change in revenue from one month to the next. This means that selling fewer units at a higher price did not generate more revenue than selling more units at a lower price. It is important for businesses to consider the optimal balance between price and quantity to maximize their revenue.
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What's the difference between a Monopoly and Oligopoly market?
Answers
Explanation:
The main difference between monopoly and oligopoly is in the number of firms under consideration.
In Monopoly, the market witness a situation in which one company alone dominates; in other words, this company produces goods or services without having any close competitors.
While in Oligopoly, not just one but a small group of companies act as the dominant players in the market even though they may produce slightly different products; they thus influence the market a lot reducing the chances of new competitors.
2. Describe the environment facing Chief Wearing in terms of leader-member relations, task structure, and position power. Using Fiedler's model, what leadership style do you think is most appropriate given the situation you just described? Does this style match Chief Wearing's?
Answers
Chief Wearing should adopt a delegative leadership style would be best for this situation as there is a division of work.
A delegative leadership style known as "laissez-faire" emphasizes delegating initiative to team members. Most people consider this to be one of the least intrusive types of leadership; this means "let them do" in English. As a result, it is regarded as a very hands-off leadership style.
This kind of leader relies on their employees to do their jobs and has trust in them. They don't micromanage and don't get too involved in giving advice or feedback. Delegative leaders, on the other hand, allow employees to use their experience, resources, and creativity to achieve their objectives.
If team members are competent and take responsibility for their work, this strategy for leadership can work. Delegative leadership, on the other hand, has the potential to divide a group and cause disagreements among team members.
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Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $38,588, and Petra has W-2 income of $46,227.
Use the appropriate Tax Tables and Tax Rate Schedules.
Required:
a. What is their tax liability using the Tax Tables?
b. What is their tax liability using the Tax Rate Schedule?
Note: Round your intermediate computations and final answer to 2 decimal places.
a. Tax liability using Tax Tables
b. Tax liability using Tax Rate Schedule
Answers
1. The liability using Tax Tables will be $7186
2. The tax liability using Tax Rate Schedule is $7,185.28
How to calculate the tax liability?A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised. Tax liability is the sum of money that a person, company, or other entity owes to a federal, state, or municipal taxing body.
Total Income ($38,588 + 49,381) $87,969
Less: Standard deduction 2020 for Married Filing Jointly -24,800
Taxable Income $63,169
Tax liability using the tax table $7,186
Tax liability using tax rate Schedule $7,185.28
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Workplace technology is relied upon by businesses to increase _____________. Employee turnover Philanthropy Efficiency and effectiveness Malfunction and futility
Answers
Answer:
Workplace technology is relied upon by businesses to increase _____________.
Efficiency and effectiveness
Explanation:
Workplace technology including the use of computer systems, internet, and other communication and information devices has propelled manufacturing and eased communication. Technology has exponentially improved the rate of production and speed at which business occurs. Technology in the workplace has helped factory and administrative workers to become more efficient than ever before with the automation of the many processes. As efficiency is increased, so has effectiveness in the production of desired results been improved tremendously. For instance, a process or set of processes that used to take hours now can take only minutes.
What is the main advantage of being a productive worker?
OA. You can create a lot of products or services quickly.
OB. You are able to work in a field with a high market value.
O C. You are given access to the benefits of worker organizations.
OD. You do not have to follow restrictive regulations.
SUBM
Answers
Answer:
There are many advantages of being a productive worker. The first advantage is that you can earn more money. You will be able to earn more money if you are a productive worker because you will have the opportunity to work with companies that pay higher salaries. The second advantage is that it gives you the opportunity to have a better lifestyle, for example, having an apartment or house and buying things for yourself and your family. The third advantage is that it gives you the opportunity to do things on your own time without being punished by your boss or company for not showing up at work on time.
Explanation:
Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
Answers
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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Amika has a high-paying job that she loves. She works so much that she has little time for anything else, and she doesn’t have much family that she stays in contact with. In addition, Amika works with most of her friends, so she doesn’t really mind the long hours. She rarely takes her vacation days, though she loves to travel and works it into her lifestyle whenever she can. In what way does Amika’s job support and conflict with her lifestyle?
She can work with her friends, which supports her social life, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of nice things, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of travel, but she has long hours, which does not allow for vacations.
She can work with her friends, which supports her family life, but she has long hours, which does not allow for vacations.
Answers
Answer:
A
Explanation:
Just did it on edg
Two doctors who join forces in business forma
Answers
Answer:
partnership
hope this helps
My father told me "Do your homework" change this sentence to indirect speech(reported speech).
Answers
Answer:
get your homework done
Explanation:
hope that will help
At Wilson Manufacturing, evaluators are required to justify in writing extremely high or extremely low performance ratings that are given to employees. The managers completing evaluations hate these write-ups, and try to avoid writing them. Which of the following is the most likely outcome of this requirement?
a. leniency
b. central tendency error
c. halo error
d. recent behavior bias
Answers
Answer:
B. Central tendency error
Explanation:
From the question the most likely outcome of this requirement is central tendency error.
This kind of error of error happens when managers, interviewers or evaluators rate all or most of the employees or interviewees as average. It occurs when evaluators filling out a rating scale has placed most of the answers in the middle of the scale and avoid the high and low extremes.
During December, Acme, Inc., performed and billed its customers $27,000 for services on account of which it collected $9,000. How much revenue should Acme record in December?
Answers
The amount of revenue that should be recorded by Acme Inc, given the amount billed to customers is $ 27, 000.
How much should be revenue ?Revenue is the amount that a company recognizes when they sell goods or provide services. As per the Accrual basis, this amount is to be recognized even when the cash has not been paid so long as the services have been given or the goods provided.
The revenue that Acme Inc would then need to recognize is the amount that it billed its customers on account which is $ 27, 000.
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Month-end & Year-end process helps to write-off bad debts.
Select one:
True
O False
Answers
Answer:
False
Explanation:
It is FALSE that Month-end and Year-end process helps to write-off bad debts.
This is because both month-end and year-end processes are processes specifically carried out to adjust all account balances to make and depict the actual financial activities of the firm. This assists the firm's management team to make a further decision, but not to just write-off bad debts.
Bad debt is written off only when a customer invoice is deemed to be uncollectible.
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 9.20% simple interest on the unpaid taxes of $4,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.)
Answers
The penalty charge is $728.04.
To find the penalty charge in the given scenario where Molly Ellen forgot to send the payroll taxes due on April 15th and sent the payment on November 8th, we will follow these steps:Calculate the days from April 15 to November 8 which is 207 daysCompute the exact interest on the unpaid taxes using the exact interest formula: I=P*R*T/100I: Exact interestP: Unpaid taxes ($4,000)R: Rate (9.20%)T: Time in years (207 days/365 days = 0.57 years)
Calculate the penalty by subtracting the unpaid taxes from the total amount due including the interestPenalty = Total amount due - Unpaid taxesGiven that the unpaid taxes were $4,000, and the IRS sent a penalty charge of 9.20% simple interest on the unpaid taxes. Using the above information, we will calculate the penalty as follows:
Days from April 15th to November 8th is 207 days.The exact interest formula is I=P*R*T/100, where I is the exact interest, P is the principal, R is the rate and T is the time in years.I = (4000 * 9.20 * 207)/100 * 365 = $728.04The total amount due including the interest is $4,728.04.Penalty = Total amount due - Unpaid taxesPenalty = $4728.04 - $4000Penalty = $728.04Therefore, the penalty charge is $728.04.
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Which of the following best describes the front-end function of a cloud computing network?
Answers
Answer:
the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server
Explanation:
4. What are managed services?
Answers
Managed services are the practice of outsourcing on a proactive basis management responsibilities and functions and a strategic method for improving operations and cutting expenses.
In order to optimize efficiency and minimize costs, managed services are the method of transferring the obligation for managing and forecasting the need for a variety of systems and functions.
Resources like infrastructure, device, network and protection are provided by a service provider through continuing and daily assistance and effective management on the properties of customers, in the MSP's server farm or in a third-party server farm.
Which sentences in the passage describe a medium-term financial plan correctly?
Samuel is a manager in a multinational firm. After completing one and a half years, the company has shown considerable profits. The learning curve
shows high implicit costs incurred due to inexperience. His financial plan now includes the business setup costs. In his financial plan, he presents
the sales forecast annually for the next five years. He also prepares a profit and loss statement, where he includes the sources of income and likely
expenses over the next five years.
Answers
The sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
The medium-term financial plan is a comprehensive financial plan that covers the next few years, usually 3 to 5 years. It gives a direction for future budgeting, investing, and savings for mid-term goals.
In the given passage, Samuel's financial plan presents the sales forecast annually for the next five years, which implies that the financial plan covers the mid-term (3 to 5 years) rather than the short-term (less than one year) or the long-term (more than 5 years).
Hence, the sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
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Company: Apple Inc.
Questions:
1. Provide a brief history of the company.
2. What is the company’s mission statement? What are the company’s goals?
3. What is the company’s general environment? What is the company’s task environment? What is the company’s internal environment?
4. How does the company handle corporate social responsibility?
5. Complete a SWOT Analysis for the company.
6. What is the company’s generic strategy (Cost Leadership, Differentiation, Focus)? Does the product life cycle strategy pertain to them? If so, give an example.
7. What is the company’s perspective on diversification (Single-Product, Related, or Unrelated) of their business? If applicable, complete a BCG Matrix for the company.
8. What are some examples of programmed decisions the company makes? What are some examples of non-programmed decisions the company makes?
9. What is the organization’s structure (basic form of an organization)? Do they utilize job specialization, enlargement, or enrichment? If so, how?
10. How do they handle HR issues, such as employee compensation, hiring, etc.?
PLEASE ANSWER FULLY AND PROVIDE THE SOURCES OF WHERE YOU GOT THE INFO FROM IN MLA OR APA FORMAT
Answers
Steve Jobs, Steve Wozniak, and Ronald Wayne established Apple Inc. in Cupertino, California on April 1, 1976. The corporation initially concentrated on producing personal computers, such as the Apple II and the Macintosh.
What are low entry barriers and competitiveness?Examples of low entry barriers include the necessity to have customers convert to a new brand without a lot of work or pain. Another example is the need to build a brand in a small market with little competition.
Why are entrance barriers so low?High exit barriers make markets unstable and incapable of self-regulation, which causes significant long-term fluctuations in profit margins. Because these markets are self-regulatory and stable, profit margins do not change much over time.
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Which of the following is true regarding images on a website?
Answers
Use HTTPS:// and not HTTP:// of the following is true regarding images on a website's structure and navigation.
Option B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.
Images Grab Attention and Evoke Emotions
Images are an easy way to improve the user experience of your website. 90% of all the information we perceive and transmit to our brain is visual. Images help grab attention and guide the visitor's eye.
Choosing high-quality images that are interesting, high resolution, and appropriately sized will make your site look more professional. Avoid images that can be easily ignored, such as B. Blurry or too small images.
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Disclaimer: The question was incomplete. Please find the full content below.
Question
Which of the following is true regarding images on a website's structure and navigation?
A) A website’s structure should be at least five layers.
B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.
C) It is best to have several pages that are not internally linked.
D) A higher bounce rate typically leads to more conversions.
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Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to
justify your answer. (10 marks, maximum 250 words)
Answers
Answer:
To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well.
Explanation:
Accounting is the measurement, processing and communication of financial and non-financial information about economic entities such as business and corporations.
To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well .These Non - Financial information included the Corporate Activities which has impacts on Community (People) and the Environment (Planet).
A parking garage in downtown Baltimore offers its services to both monthly customers, who pay a fixed fee every month, and to visitors, who pay an hourly fee (assume that the hourly fee is the same regardless of the day or time of day). Each monthly customer gets an ID assigned by the garage, and the garage wants to maintain the customer’s basic contact information. The monthly fee paid is negotiated separately for each customer, and it changes periodically; it is important for the garage to maintain a history of the fee details for each customer. The garage has more than 700 parking spots, each of which is equipped with a sensor that recognizes whether there is a car in the spot; in addition, the sensor can read each monthly customer’s customer ID card with an RFID reader and, thus, knows which monthly visitor has parked at which spot and when. Each spot is also equipped with a camera that is able to take a picture of each visitor’s license plate number; this information is stored to help locate any vehicle that an owner has misplaced. The system should keep track of each time a parking spot is used, including an image of the license plate, start and end times, and a link to the monthly customer, if appropriate.
1. Create a high-level ERD which shows only the cardinality and modality between the main entities.
2. Write out the tables including cardinalities, primary and foreign keys.
Answers
High Level Entity Relationship Diagram which shows only cardinality and modality between main entities:
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
1- High-Level ERD:
High Level ERD, or High Level Entity Relationship Diagram, is a visual representation of the relationships between different entities in a data model. It is used to illustrate how different entities interact with one another, and how they can be used to store and retrieve data. High Level Entity Relationship Diagram's are typically used to help define the structure of a database, and they can be used to help identify potential problems that may arise when designing a database.
Customer ------< Payment >------ Garage
Customer ------< Spot >------ Garage
2 - Tables:
Monthly Customer Table:
Primary key: Customer ID
Fields:
Customer ID
Name
Contact information
Fee details (history)
Monthly Parking Spot Table:
Primary key: Spot ID
Foreign key: Customer ID
Fields:
Spot ID
Customer ID
Parking Event Table:
Primary key: Event ID
Foreign key: Spot ID
Fields:
Event ID
Spot ID
License plate number
Start time
End time
Hourly Parking Spot Table:
Primary key: Spot ID
Fields:
Spot ID
Visitor Table:
Primary key: Visitor ID
Fields:
Visitor ID
Name
Contact information
Parking events (many-to-many link to Parking Event table)
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Which function of marketing stimulates sales, encourages customer loyalty, and communicates methods of payment?
Answers
One key function of marketing that stimulates sales, encourages customer loyalty, and communicates methods of payment is promotion.
Promotion is an integral part of the marketing mix and involves various activities aimed at creating awareness, generating interest, and influencing customers' purchasing decisions.
Through promotional strategies such as advertising, sales promotions, public relations, and direct marketing, businesses can effectively communicate the benefits and value of their products or services to the target audience. This creates a sense of urgency and drives sales by enticing customers to make a purchase.
Moreover, promotions can be designed to foster customer loyalty by offering exclusive discounts, rewards, or loyalty programs. These initiatives not only incentivize repeat purchases but also enhance the overall customer experience, fostering long-term relationships with the brand.
Additionally, promotions often include clear messaging about different methods of payment accepted by the business. By communicating convenient and flexible payment options, such as credit cards, online payments, or installment plans, customers feel empowered and informed about how to complete their transactions.
In summary, promotion plays a vital role in stimulating sales, cultivating customer loyalty, and effectively communicating methods of payment, thereby contributing to the overall success of a marketing strategy.
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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
Answers
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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