This chapter examines how cultural, legal, political, and
institutional differences affect a firm’s choice of financial goals
and corporate governance.
Who owns the business?
Who owns the business a
Answers
This chapter examines cultural, legal, political, and economic factors have an impact on business ownership. Business ownership can be divided into three main categories: sole proprietorship, partnership, and corporation.
Sole proprietorship is the simplest and most common type of business ownership structure. In a sole proprietorship, an individual owns and operates the business, and all profits and losses are reported on the owner's personal tax return. Partnership is a type of business ownership where two or more people own the business together. Profits and losses are shared equally among the partners, and each partner is personally liable for the business's debts. Corporation is a type of business ownership where the business is treated as a separate legal entity from the owners. The owners of a corporation are called shareholders, and they are not personally liable for the business's debts. Instead, the corporation is responsible for its own debts and liabilities. In terms of cultural factors, business ownership can be influenced by cultural values and attitudes towards entrepreneurship. For example, in some cultures, there may be a preference for family-owned businesses or a reluctance to take risks and start new businesses. Legal factors also play a role in business ownership, as different legal structures offer different levels of liability protection and tax benefits. Political factors, such as government policies and regulations, can also have an impact on business ownership.For such more questions on business ownership
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Related Questions
If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence, who should you talk to?.
Answers
If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence you should first report your concern to your supervisor, or human resources department.
What is workplace violence?Workplace violence is any act of, or threat of, physical violence, harassment, intimidation, or other threatening disruptive behavior that takes place at the workplace. Threats, slander, and physical and verbal abuse are all included, as well as murder. Customers, clients, visitors, and staff all may be impacted. The third-leading cause of fatal workplace injuries in the United States is now acts of violence and other injuries. In 2019, there were 5,333 fatal workplace injuries in the United States, and 761 of those injuries were caused intentionally by another person, according to the Bureau of Labor Statistics Census of Fatal Occupational Injuries (CFOI). Employers and employees across the country are very concerned about workplace violence, regardless of how it presents.
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Answer: Your co-worker is late to work one or two days each week.
Explanation:
Please help!
a) Beatrice lives in a small town of 5,000 people. There are 1,500 people under the age of 16,
500 people who are retired, 2,750 people who have jobs, and 250 people who are actively
looking for work. What is the unemployment rate of Beatrice's town?
Answers
Answer:
8.33%
Explanation:
250 unemployed people looking for work / 3000-member labor force = 0.0833
3000 = 5000 (the population) minus 2000 (those who aren't part of the labor force; aka the kids and retirees)
Raiya is trying to buy flight tickets for her and her group of friends for an upcoming trip. Raiya believes that booking flight tickets through a travel agent is the best option as they have partnerships with flight companies and will be able to help her secure the best deal.
Select the item from the list provided to make the following statements true.
The existence of travel agents is a result of ____
Raiya’s friend, Belinda recommends Raiya to conduct a search online instead as it is likely to lead to the same outcome as her seeking a travel agent but with a/an ____
Raiya decides to take Belinda’s advice and conducted a search online instead. Her optimal number of search would be at where her marginal benefit is ___ cost.
1. adverse selection
2. lower than
3. asymmetric information
4. equal to
5. principal-agent problem
6. lower expected value
7. higher than
8. moral hazard
9. higher marginal cost
10.twice of
11. lower marginal cost
12. higher opportinity coat
Answers
The existence of travel agents is a result of the option 5) principal-agent problem. The principal-agent problem arises when one party (the principal) delegates a task or decision-making authority to another party (the agent), but there is a conflict of interest between them.
In this case, the conflict arises because Raiya wants to secure the best deal for her group while the travel agent may have incentives to prioritize their own profits. Belinda recommends Raiya to conduct a search online instead as it is likely to lead to the same outcome as seeking a travel agent but with lower expected value. Online searches allow Raiya to compare prices and deals from different airlines directly, potentially leading to better offers than those provided by a travel agent.
When Raiya conducts her online search, her optimal number of searches would be where her marginal benefit is equal to her marginal cost. This means that Raiya should continue searching until the additional benefit she gains from each search is equal to the additional cost (such as time and effort) required to conduct the search.
In summary, travel agents exist due to the principal-agent problem, conducting an online search can have lower expected value than using a travel agent, and Raiya should conduct searches until her marginal benefit equals her marginal cost.
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Which might a sports or an event organization search to obtain marketing
information?
1 The Internet
2 Foundations
3 Newsletters
4 Media
Answers
Answer:
internet
Explanation:
because internet system is global
The budget safety measures that address higher risks than task contingency are known as:____.
a. cya factors.
b. task offsets.
c. managerial contingency.
d. buffer stocks.
Answers
The budget safety measures that address higher risks than task contingency are known as: Managerial contingency
Contingency Management (CM), an evidence-based approach to treating substance use disorders, encourages abstinence and aids patients in maintaining treatment participation. In order to increase the possibility that someone would adopt healthy behaviors, CM refers to the use of reinforcement or rewards. Reaching the desired behavior results in quick rewards, such as praise or gift cards with monetary value. Rewarding positive treatment outcomes for Veterans, like passing drug tests or attending therapy sessions, makes it more likely that they will carry out the desired actions in the future. CM can adapt to the various needs of clients by making minor changes.
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An executive that Colantuono worked with said this about the mentoring that he gave to two people, a man and a woman: “I helped the woman build confidence, I helped the man learn the business, and I didn’t realize that I was treating them any differently.” How does this statement make you feel? Do you think that your feelings are influenced by whether you are a male or female? Explain your answer
Answers
From the sentence that the executive has made here, the feeling that I got is that mentoring of people can be done in different aspects as well as capacities.
I believe that the feelings that people have are influenced based on their gender. The male seem to have a stronger control over their feelings than the females.
What is meant by mentoring?A senior and junior employee will most frequently engage in mentoring, which is a reciprocal and collaborative at-will relationship, for the mentee's growth, learning, and career advancement.
A mentoring is a relationship between two people in which the person with greater contacts, experience, and knowledge is able to impart their knowledge to a more inexperienced person in a certain sector. The mentor is the more experienced person, and the mentee is the less experienced one.
A mentor may provide advice, inspiration, and emotional support to a mentee (or protege), as well as knowledge about his or her own career path.
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April is worried that she is not a "good speller," so she plans to let the spelling
checker correct all her mistakes. What would be the most helpful advice for
April?
Answers
PLEASE HELP ME
Choose one of the finance careers that was mentioned in this section’s reading (investment banker, trader, private wealth manager, and FP&A analyst). Do some additional outside research to find out specifically what an entry-level job in this role would look like. Describe a scenario in which a person or company is coming to you for financial help or advice. Describe that scenario in detail. What skills would you need to learn to provide that financial advice? Be creative and try to think of scenarios different than your classmates.
Answers
Oversees financial forecasts, planning, and management. produces financial models and variance analysis reports. oversees the monitoring of the financial performance in real time. any financial problems to management.
What is financial performance?Financial performance is a gauge of how effectively a company can utilize resources from its main line of business and generate income. The phrase is also used as a broad indicator of a company's long-term financial stability.
Financial performance is compared by analysts and investors between similar companies in the same industry or between industries or sectors as a whole. Indicators of financial performance are quantitative criteria used to gauge a company's performance.
No one metric should be used to assess a company's financial performance. The balance sheet, the income statement, and the statement of cash flows are financial statements that are used to assess overall financial performance.
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The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?
Answers
Economic surplus is gained rather than lost.
Economic Surplus:Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.
P = 6 = Q
It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.
Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.
Quantity consumed at $1 per barrel = 1 million barrel
Quantity consumed at $2 per barrel = 2 million barrel
Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year
Thus, economic surplus is gained rather than lost.
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What is a firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company called?
Answers
In return for a share, a venture capitalist (VC) is a private equity investor who provides capital to businesses with significant growth potential. This might entail funding new projects or assisting small business that want to grow and yet due to lack of access to asset prices.
What do you call someone who invests capital in some kind of a business?
An investor is someone who invests money in the hope of making a profit or gaining an advantage down the road (interest).
Who are the three varieties of capital referred to as?
Businesses of various sizes generally prioritize three types of funding when creating a budget: working capital, capital ratio, and bank loans. Trading investment is identified as a determined by the frequency by a financial company.
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MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answers
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
On January 1, Year 1, Purl Corp. purchased as a long-term investment $500,000 face amount of Shaw, Inc.’s 8% bonds for $456,200. The bonds were purchased to yield 10% interest. The bonds mature on January 1, Year 6, and pay interest annually on January 1. Purl uses the effective interest method of amortization. What amount (rounded to nearest $100) should Purl report on its December 31, Year 2, balance sheet for these held-to-maturity bonds?
Answers
Answer:
Investment in bonds $468,000
Explanation:
In this case, the journal entry to record the purchase of the bonds should be:
January 1, Year 1, bonds purchased as long term investment
Dr Investment in bonds 456,200
Cr Cash 456,200
In the balance sheet it would be reported as an asset: Investment in bonds $456,200
amortization of bond discount for first coupon = ($456,200 x 10%) - ($500,000 x 8%) = $45,620 - $40,000 = $5,620
journal entry to record first coupon payment:
January 1, Year 2, first coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 5,620
Cr Interest revenue 45,620
So the investment in bonds account now has a $461,820 balance
amortization of bond discount for second coupon = ($461,820 x 10%) - ($500,000 x 8%) = $46,182 - $40,000 = $6,182
journal entry to record second coupon payment:
January 1, Year 3, second coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
So the investment in bonds account now has a $468,002 balance
Since we are told to report the December 31, Year 2, balance, the accrued interest journal entry should be:
Dr Interest receivable 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
The account balance is the same though, $468,002 rounded down to $468,000
Janelle spends three hours each day working as an online customer service representative for an online retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Janelle participates in a popular work strategy known as ______________.
Answers
Answer:
Home-based work
Explanation:
Home-based work is when people perform their job at their house using the internet and phone instead of going to an office. According to this, the answer is that Janelle participates in a popular work strategy known as home-based work because Jannelle works as an online customer service representative from home.
cash paid to purchase long term investments would be reported
Answers
Cash paid for long-term investments is reported in the statement of cash flows under the investing activities section.
When a company purchases long-term investments, such as stocks or bonds, it needs to report the cash paid in its financial statements. This information is important for investors and stakeholders to understand the company's investment activities.
The cash paid for long-term investments is typically reported in the statement of cash flows, specifically in the investing activities section. The statement of cash flows provides information about the cash inflows and outflows from operating, investing, and financing activities.
The cash paid for long-term investments would be categorized as a cash outflow in the investing activities section. This means that it is considered a use of cash for the company.
It is important for companies to accurately report their cash flows to provide transparency and help users of financial statements make informed decisions.
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Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the (a) liquid assets and (b) current liabilities?
Checking account balance $860
Retirement account balance $57,000
Credit card balance $117
Coin collection $450
Savings account balance $2,675
Current student loan payment due $220
Investment account balance $8,000
Mortgage $178,000
Answers
2. A
3. B
4. A
5. A
6. B
7. A
8. B
(a) Liquid assets = Checking account balance + Savings account balance = $860 + $2,675 = $3,535
(b) Current liabilities = Credit card balance + Current student loan payment due = $117 + $220 = $337
why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?
Answers
Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
Hope this helped.. ;)
From 2011 to 2018, ESPN lost 14 million cable tv subscribers, costing the company over a billion dollars annually
Answers
From 2011 to 2018, ESPN lost 14 million cable tv subscribers, costing the company over a billion dollars annually. Thus, the given statement is false.
What was the loss of ESPN?ESPN has long served as a symbol of the cable and broadcast industries' insensitivity to cord-cutting and changes in the TV market. Executives sued businesses that aimed to provide customers with more choice in how they saw video material after years of downplaying the trend as something only the poor did.
Surveys suggest that 56% of customers would quickly sever ties with ESPN if it meant saving the $8 per month they pay for the channel. Clearly, ESPN executives assumed cord-cutting was little more than a fad that would simply end once Millennials started having children.
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SOMEONE PLEASE HELP I NEED THE ANSWERS BY 5!!!
If your income was secure, then which stage would yield the best home prices and interest rates for you as a buyer?
The Federal Reserve uses monetary policy and Congress uses fiscal policy to try to prevent “wild swings” in the economy and to alleviate some economic problems.
What are the three goals both entities are trying to support?
How do these three goals affect you?
5. When the economy is in a recession where is it in the business cycle?
Will the Fed and Congress take expansionary or contractionary actions to help the economy?
Does this put money in the hands of people or take money away from them?
What goals will the Fed and Congress support by doing this?
6. What economic problem would be solved by taking money out of circulation (away from people)?
What can the Fed do to contract the money supply?
What is a contractionary action Congress could take?
Why do these contractionary actions help with this problem?
Answers
If your income was secure then as a buyer for home prices, the stage that would yield the best home prices and interest for you is the Trough.
Which stage in the business cycle is good for buyers?If you were a buyer for a house and you wanted the lowest prices and interest rate, the trough is the best stage in the business cycle to do so.
This is because economic activity is low which leads to lower prices on houses. Interest rates will also be lower to entice people to take more loans.
What are the goals of fiscal and monetary policy?There are three main goals that the Federal Reserve and Congress try to fulfill through monetary and fiscal policy and they are:
achieve or maintain full employment.to achieve or maintain a high economic growth.Stabilize prices and wages.These goals affect you because your income is usually safest when the economy is doing well which can only happen if those goals are met.
When an economy is in a recession, the stage of the business cycle that it is in is a contraction.
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Answer:
If your income was secure then as a buyer for home prices, the stage that would yield the best home prices and interest for you is the Trough.
Which stage in the business cycle is good for buyers?
If you were a buyer for a house and you wanted the lowest prices and interest rate, the trough is the best stage in the business cycle to do so.
This is because economic activity is low which leads to lower prices on houses. Interest rates will also be lower to entice people to take more loans.
What are the goals of fiscal and monetary policy?
There are three main goals that the Federal Reserve and Congress try to fulfill through monetary and fiscal policy and they are:
achieve or maintain full employment.
to achieve or maintain a high economic growth.
Stabilize prices and wages.
These goals affect you because your income is usually safest when the economy is doing well which can only happen if those goals are met.
When an economy is in a recession, the stage of the business cycle that it is in is a contraction.
Explanation:
Use of a computer-based system to transfer money from the drawer's account to the payee's account is called a(n)
None of these
Automatic Withdrawal
Online Banking
Electronic Funds Transfer
Answers
Answer:
It's an electronic funds transfer.
Explanation:
Online banking would make no sense it would say a whole different story , automatic withdrawal would make no sense also , so therefore it is Electronic funds transfer
Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily. If the account was opened 9 years ago, what was the value of the initial deposit
Answers
Answer:
The value of the initial deposit = $1269
Explanation:
Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.
To find - If the account was opened 9 years ago, what was the value of the initial deposit
Proof -
We know that,
If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:
\(P = A(1 + \frac{r}{n} )^{-nt}\)
Here,
A = 1723.57
r = 3.4% = 0.034
n = 365 (because it is compounded daily )
t = 9
So,
we get
\(P = 1723.57(1 + \frac{0.034}{365} )^{-365(9)}\)
= 1723.57(1.000093151)⁻³²⁸⁵
= 1723.57(0.736396351)
= 1269.23066 ≈ $1269
∴ we get
The value of the initial deposit = $1269
The shear strength of each of ten test spot welds is determined, yielding the following data (in psi): 392,376,401,367,389,362,409,415,358,375 Assuming that shear strength is normally distributed N(μ,σ 2
), estimate the true average shear strength μ and standard deviation σ of shear strength using the method of maximum likelihood. You may use the following R code to get data: x<−c(392,376,401,367,389,362,409,415,358,375)
Answers
The estimated true average shear strength μ and standard deviation σ can be obtained using the method of maximum likelihood. Given the data x = {392, 376, 401, 367, 389, 362, 409, 415, 358, 375}, we can calculate the maximum likelihood estimates for μ and σ based on the assumption of a normal distribution.
To estimate μ and σ using maximum likelihood, we assume that the observed shear strengths follow a normal distribution with parameters μ and σ. The likelihood function is constructed by multiplying the probabilities of observing each data point given the assumed distribution. Taking the logarithm of the likelihood function allows us to simplify the calculations and find the maximum likelihood estimates.
By maximizing the log-likelihood function, we can determine the values of μ and σ that maximize the likelihood of observing the given data. This can be done using numerical optimization techniques or by taking the derivatives of the log-likelihood function with respect to μ and σ and solving for their respective maximum likelihood estimates.
Once the maximum likelihood estimates for μ and σ are obtained, they provide estimates of the true average shear strength and standard deviation for the population of spot welds.
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Should I start my final exam? im kinda scared ill get a bad grade lol. anyways, I hope everyone is doing great.
Answers
Answer:
do it lol putting more words because its requireddddd
Answer:Yes you should and dont be scared just try your hardest. Also i am doing great what about you ?
Explanation:
_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.
Answers
Answer:
Switching cost
Explanation:
Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc
It can employ the high switching cost in order to protect the customers from shifting to the another brand
Therefore the switching cost should be considered
Calculate the total revenue if the firm produces 8 versus 7 units. Then, calculate the marginal revenue of the eighth unit produce
Answers
The total revenue at the 7th and 8th unit will be $1155 and $1280 respectively while the marginal revenue is $125.
From the complete information, the total revenue at the 7th unit will be:
= 165 × 7 = $1155
The total revenue at the 8th unit will be:
= 160 × 8 = $1280
The marginal revenue will be:
= $1280 - $1155 = $125
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Causes of deflation (essay answer)
Answers
17. State four roles of water as a nutrient in human nutrition. 18. I) What is photosynthesis. II) State two roles played by photosynthesis in an ecosystem.
Answers
There are four functions for water as a nutrient in human nutrition: Through sweating and respiration, water helps to control body temperature.
State four roles of water as a nutrient in human nutrition.By assisting in the breakdown of food and the transportation of nutrients, water is essential for digestion and nutrient absorption. Blood volume and pressure are maintained with the aid of water. Water hydrates cells and maintains their structural integrity, which is essential for the healthy operation of organs and tissues. I) Green plants and some other organisms use sunlight, carbon dioxide, and water to synthesise their food, producing oxygen as a byproduct in the process. II) In an ecosystem, photosynthesis serves two functions: Production of oxygen: Photosynthesis is responsible for the creation of oxygen, which is necessary for the survival of many living things, including humans.
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The last two answers for number 6 is “Firefighting” and “Public Safety Inspection”
Answers
Answer:
9. Carbon paper
37. Window envelope
6. teaching
All else being equal, which bakery has the absolute advantage? Mrs. Track’s Chips The Bakeshop Uncle John’s.
Answers
D. Uncle John’s.
edge 2022
Answer: Uncle John’s
Explanation:
just took the test
the textbook states that alliance management capability is the ability for the firm to manage three tasks concurrently. why is this capability critically important?
Answers
The capability critically important because between 30 percent and 70 percent of alliances yield disappointing results for at least one partner. So, this alliance management capability is for the firm to manage three tasks concurrently.
Alliance Management Capability generally described as a firm's capacity to purposefully extend, modify, or create the firm's resource base to include the resources of its alliance partners. Alliance Management refers to a corporate function, a profession, or a way of thinking, and includes tool set or a specific skill set that effectively addresses the unique challenges of managing an alliance. It is also requiring a structure, goals, defined vision, and ways of working or metrics.
Strategic alliances can be vital for several organizations looking to access and create capabilities. They need to seize new opportunities and to keep pace with a transforming business environment.
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Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?
Answers
a. Greyhound bus system