Use mental math to approximate what a 15% tip would be for a bill of $31. 99. A. $3. 20 b. $4. 80 c. $5. 60 d. $6. 40.
Answers
Answer:
B
Explanation:
Bill
31.00
Tip %
15%
Number of people
1
Tip
$4.65
Total
$35.65
Related Questions
Which of the following expenses are typically paid by credit?
a) Bills
b) Rent
c) Cars
d) Groceries
Answers
Options A. Bills, B. rent, and D. groceries are all typically paid for with a credit card.
Credit cards are a popular method of payment. Credit cards allow you to make purchases without having to pay for them right away. You can use your credit card to purchase everything from groceries to clothing to plane tickets. However, certain expenditures are more likely to be made with a credit card than others. So, let's find out which expenses are typically paid by credit.
Bills: One of the most typical expenditures that people pay for using a credit card is bills. Utility bills, such as water and electricity bills, mobile phone bills, and other types of bills, can all be paid using a credit card. Many credit card issuers have online bill pay capabilities, which means that you can schedule automatic payments and ensure that your bills are paid on time.
Rent: If you rent a home or apartment, you can use your credit card to pay your rent. Some property management firms and landlords may allow you to pay rent with a credit card. However, they may impose a fee for using a credit card to pay your rent. Make sure you check with your landlord first before using your credit card to pay your rent.
Cars: Another expenditure that people may use a credit card to pay for is the purchase or rental of a vehicle. Renting a car or making monthly car payments can be done with a credit card. However, it is essential to remember that some auto lenders and rental car agencies may have a limit on the amount you can charge to a credit card.
Groceries: Groceries are another expenditure that people frequently pay for using a credit card. Many supermarkets accept credit cards for purchases, making it a convenient method to pay for your groceries. However, using a credit card to purchase groceries can result in a high balance on your credit card if you do not pay it off promptly.
Bills, rent, and groceries are all typically paid for with a credit card. Purchasing or renting a car is also an option, but it may have limitations or fees attached to it. Regardless of what you use your credit card for, it is essential to remember to pay your balance in full and on time to avoid high-interest rates or other fees. Therefore, the correct options are A. B. and D.
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Answer: its cars
Explanation:
EXERCISE 3‐2 Stock Purchase Entries LO 7 LO 8 On January 1, 2019, Polo Company purchased 100% of the common stock of Save Company by issuing 40,000 shares of its (Polo's) $10 par value common stock with a market price of $17.50 per share. Polo incurred cash expenses of $20,000 for registering and issuing the common stock. The stockholders' equity section of the two companies' balance sheets on December 31, 2018, were: Polo Save Common stock, $10 par value $350,000 $320,000 Other contributed capital 590,000 175,000 Retained earnings 380,000 205,000 Required: Prepare the journal entry on the books of Polo Company to record the purchase of the common stock of Save Company and related expenses. Prepare the elimination entry required for the preparation of a consolidated balance sheet workpaper on the date of acquisition.
Answers
Journal entry on the books of Polo Company to record the purchase of the common stock of Save Company and related expenses:
Date: January 1, 2019
Debit:
Investment in Save Company Common Stock: $700,000 ($320,000 + $380,000)
Credit:
Common Stock ($10 par value) of Polo Company: $400,000 (40,000 shares × $10 par value)
Other Contributed Capital of Polo Company: $175,000
Cash: $20,000
Additional Paid-in Capital: $105,000 [($17.50 - $10) × 40,000 shares]
To record the purchase of Save Company's common stock by issuing Polo Company's common stock, incurring expenses for registration and issuance.
Elimination entry for the preparation of a consolidated balance sheet workpaper on the date of acquisition:
Date: January 1, 2019
Debit:
Investment in Save Company Common Stock: $700,000
Credit:
Common Stock ($10 par value) of Save Company: $320,000
Retained Earnings of Save Company: $205,000
To eliminate the common stock and retained earnings of Save Company, representing the equity acquired by Polo Company.
The market value of Polo Company's common stock issued for the acquisition of Save Company is calculated as follows:
Number of shares issued: 40,000
Market price per share: $17.50
Market value of common stock issued: 40,000 shares × $17.50 = $700,000
Polo Company's balance sheet:
Common stock, $10 par value: $350,000
Other contributed capital: $590,000
Retained earnings: $380,000
Save Company's balance sheet:
Common stock, $10 par value: $320,000
Other contributed capital: $175,000
Retained earnings: $205,000
The journal entry on Polo Company's books records the acquisition of Save Company's common stock and related expenses. The investment in Save Company's common stock is debited for the total equity of Save Company, which is $700,000. The common stock of Polo Company is credited for the par value of the shares issued, which is $400,000. Other contributed capital is credited for the additional paid-in capital related to the issuance of shares, which is $105,000 ($17.50 - $10) × 40,000 shares. Cash is credited for the cash expenses incurred in registering and issuing the common stock, which is $20,000.
The elimination entry is necessary to remove the common stock and retained earnings of Save Company from Polo Company's consolidated balance sheet. The investment in Save Company's common stock is debited for the total equity acquired, which is $700,000. The common stock and retained earnings of Save Company are credited for their respective balances, which are $320,000 and $205,000.
The journal entry on Polo Company's books to record the purchase of Save Company's common stock and related expenses includes debiting the investment in Save Company's common stock and crediting the common stock, other contributed capital, and cash accounts. The elimination entry for the consolidated balance sheet workpaper involves debiting the investment in Save Company's common stock and crediting the common stock and retained earnings of Save Company. These entries reflect the acquisition of Save Company and the elimination of Save Company's equity in the consolidated financial statements.
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Which role does money have in economic systems?
a
b
a good to consume
a measure of satisfaction
a resource for production
a medium of exchange
d
Answers
Answer:
a medium of exchange
Explanation:
a medium of exchange is a resource used to make sales or earn a profit. A medium of exchange requires a set value and the only answer here that makes sense for money is that of the medium of exchange.
Why is delivery important in the business setting? Delivery is important in the business setting because it is important to convey the.
Answers
In the business world, delivery is critical because it conveys clear, strong messages about strategy, customer service, and branding.
It is critical for any business, whether eCommerce, retailers, or wholesalers, to deliver products correctly. Customers expect prompt, dependable, and secure delivery. With delivery, the customer receives the final impression of your company. As a result, poor delivery may leave them with a negative impression of your brand, preventing them from purchasing another product from you.
It is critical to provide customization delivery options in the modern era. Today, a company's reputation is everything. When customers are dissatisfied with delivery service or receive poor-quality delivery, your brand's image may suffer.
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according to hazlitt, what are the differences between loans provided by government agencies and loans provided by private lenders?
Answers
Loans provided by government agencies differ from loans provided by private lenders in source of fund, loan purpose, interest rate, loan eligibility and requirements, risk assessment, and loan repayment.
The differences between loans provided by government agencies and private lenders are as follows:1. Source of Funds: Government agencies use public funds (taxpayer money) to provide loans, while private lenders use private capital from individuals or organizations.
2. Loan Purpose: Government agencies often provide loans to support social and economic development, such as infrastructure projects, education, or healthcare. Private lenders, on the other hand, focus on providing loans for profit-making purposes, such as business expansion, investments, or personal consumption.
3. Interest Rates: Government agencies usually offer loans at lower interest rates compared to private lenders. This is because government loans aim to promote social welfare, while private lenders are profit-driven.
4. Loan Eligibility and Requirements: Government loans typically have more stringent eligibility requirements, targeting specific groups or sectors. Private lenders, however, may have more flexible lending criteria, which can result in a broader range of borrowers.
5. Risk Assessment: Government agencies may be more willing to provide loans to high-risk borrowers, while private lenders focus on the creditworthiness of borrowers to minimize risks.
6. Loan Repayment: Government loans might have more flexible repayment terms, such as longer repayment periods or income-based repayment plans. Private loans usually have stricter repayment terms, which can result in higher monthly payments.
In summary, loans provided by government agencies and private lenders differ in terms of their funding sources, purposes, interest rates, eligibility, risk assessment, and repayment terms. Government loans often focus on promoting social welfare and development, while private loans aim to generate profits for the lender.
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A company that is organized by function will group its employees into teams based on what?
Answers
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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What is an appropriate response when an interviewer asks what salary you are looking for
during your initial interview? Would the response change if you'd been given an offer?
Answers
Which is the definition of competitiveness?
Responses
1. the ability to create an environment built on support and encouragement
2. steadfastness and commitment in achieving a goal
3. doing something that might result in loss to achieve business goals
4. the property of having a strong desire for success and achievement
Answers
using the percentage of completion method of accounting, what financial statements are affected when entering an invoice charged to a job without retention being withheld?
Answers
When using the percentage of completion method of accounting, the financial statements that are affected when entering an invoice charged to a job without retention being withheld are the income statement and the balance sheet.
The income statement is affected because the revenue recognized is based on the percentage of completion of the project, so the amount of revenue recognized will increase when the invoice is entered. The expense recognized will also increase since the cost of the project has increased.
The balance sheet is affected because the accounts receivable account will increase due to the invoice being entered, and the work in progress account will also increase since the project is not yet complete and more work needs to be done.
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At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong. What could Jenessa have done first to be a better active listener?
She could have read the employee memo that explained the new procedure.
She could have asked clarifying questions to make sure she understood.
She could have stopped what she was doing to give Mario her full attention.
She could have restated what he said in her own words.
Answers
Answer:
She could have stopped what she was doing to give Mario her full attention.
Answer:
C, she could have stopped what she was doing to give Mario her full attention.
Explanation:
Good luck on your test:)
NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.
Answers
Answer:
year
Explanation:
Answer:
Government and year I believe
Null Hypothesis: What Is It and How Is It Used in Investing?
Answers
A null hypothesis assumes no significant difference between variables. In investing, it's used to test strategies and make evidence-based decisions.
In investing, a null hypothesis is a statement that assumes there is no significant difference between two or more variables. This hypothesis serves as a baseline for comparison, allowing investors to test investment strategies and make evidence-based decisions. To test the null hypothesis, an investor collects and analyzes data using statistical methods. If the statistical evidence shows that the null hypothesis is unlikely to be true, the investor may reject it in favor of an alternative hypothesis. By testing investment strategies, investors can minimize risks and maximize returns. However, it's important to note that a null hypothesis can never be proven, only rejected or not rejected, based on the available evidence.
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Eve's apples opened its business on january 1, 2018, and paid for two insurance policies effective that date. The liability policy was $34,200 for 18 months, and the crop damage policy was $14,700 for a two-year term. What is the balance in eve's prepaid insurance as of december 31, 2018
Answers
Answer:
Balance in Prepaid insurance as of December 31 is $18,750
Explanation:
Computation of Prepaid Insurance
Insurance 1 ($34,200 * 6/18) $11,400
Insurance 2 ($14,700 * 12/24) $7,350
Total Prepaid Insurance $18,750
Carlene is saving her money to buy a $500 desk. She deposits $400 into an account with an annual interest rate of 6% compounded continuously. The equation mc021-1. Jpg represents the situation, where t is the number of years the money needs to remain in the account. About how long must Carlene wait to have enough money to buy the desk? Use a calculator and round your answer to the nearest whole number. 4 years 7 years 9 years 20 years.
Answers
Option (A) is correct. Carlene must wait for approximately 4 years to have enough money to buy the desk.
Given: Carlene is saving her money to buy a $500 desk. She deposits $400 into an account with an annual interest rate of 6% compounded continuously.
The equation 400e^(0.06t) = 500 represents the situation, where t is the number of years the money needs to remain in the account.
Given equation is 400e^(0.06t) = 500.
To solve for t, divide both sides by 400.
e^(0.06t) = 500/400
= 1.25
Take natural logarithm on both sides.
ln(e^(0.06t)) = ln(1.25)0.06t
= 0.22314t
= 0.22314/0.06t
≈ 3.7
≈ 4 (Rounded to the nearest whole number)
Therefore, Carlene must wait for approximately 4 years to have enough money to buy the desk.
Option (A) is correct.
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I NEED HELP PLEASE:) idk if It’s A or D
Marissa is a high school student who wants to be a Hydroelectric Production Manager. She talks to her guidance
counselor about her education path, and the counselor says that she needs to get an associate's degree from a
four-year college and will follow that with significant on-the-job training. What error did the counselor make while
advising Marissa?
• Marissa will not have on-the-job training.
O Marissa also needs a three-year apprenticeship.
O Marissa only needs to attend a two-year college.
O Marissa needs a bachelor's degree
Answers
Answer:
Marissa only needs to attend a two-year college.
Explanation:
A hydroelectric production manager requires both technical and managerial skills. Like many other managerial positions, this one too requires a minimum of a bachelor's degree. Marissa will have to attend a four-year degree program at a college/university.
After graduation and once employed, Marissa will need guidance and work experience to grow to her dream position. She will require an apprenticeship program to prepare her for the managerial role. The counselor also made an error by telling her that she needs four years of college education to acquire an associate degree. The truth is that an associate degree takes two years to achieve.
Answer:
Probably C.
Explanation:
Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.
Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.
A budget is prepared as part of a(n) _____ plan.
Answers
Answer:
Financial
Explanation:
Answer:
A budget is part of a financial plan.
Explanation:
Financial work is anything having to do with money, and a budget is a plan for spending money. Therefore, budgets are part of a finance plan!!
a stock has a beta of 1.1, the expected return on the market is 10.4 percent, and the risk-free rate is 4.75 percent. what must the expected return on this stock be?
Answers
The expected return on stock with beta 1.1, return on the market as 10.4 percent and risk-free rate as 4.75 percent will be 10.97 %.
Write a short note on CAPM.The relationship between expected return for assets, particularly stocks, and systematic risk, or the general dangers of investing, is described by the Capital Asset Pricing Model (CAPM).
The needed return on an investment and risk are connected linearly under this financial model. The equity risk premium, or the expected return on the market less the risk-free rate, is the foundation of the concept. It is based on the link between an asset's beta, the risk-free rate (usually the rate on Treasury bills), and these two variables.
To quantify this systematic risk, the CAPM was created. Given the risk involved with the assets and the cost of capital, it is frequently used in finance to value hazardous securities and calculate expected returns.
To solve the question :
Converting all the values to decimal y multiplying by 100
Risk free rate = 4.75/100
= 0.475
Return on market = 10.4/100
= 0.104
The expected return on stock :
\(r_{i} = r_{f} + (r_{m} -r_{f} )\beta _{i}\)
Where,
\(r_{i}\) = expected return on stock
\(r_{f}\) = risk-free rate
\(r_{m}\) = return on the market
\(\beta_ {i}\) = beta
Then,
\(r_{i}\) = .0475 + (.1040 - .0475)(1.10)
\(r_{i}\) = .1097, or 10.97%
Therefore, the expected return on this stock is 10.97 %
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It involves developing new products or
improving existing technologies, processes,
designs and marketing to solve problems,
increase efficiency, reach new customers,
and ultimately increase profits.
a. business opportunity
b. entrepreneurship
c. social change
d. socioeconomic
e. livelihood
f. business venture
g. relevance
h. business innovation
i. entrepreneur
j. economy
Answers
Answer:
h. business innovation
Explanation:
Business innovation is a term that describes a situation whereby a firm initiates the latest techniques or methods in the production of goods and, or delivery of services.
The purpose is to create a beneficial transition and change in the operation of business activities to gain more profits.
In other words, business innovation involves enhancing existing strategies or exercises, or in some cases beginning afresh.
Hence, going by the definition in the question. The correct answer is BUSINESS INNOVATION: It involves developing new products or improving existing technologies, processes, designs, and marketing to solve problems, increase efficiency, reach new customers, and ultimately increase profits.
Business innovation is the answer.
Business innovation refers to activity company undertakes by implementing new business processes, ideas, products or services with the main aim of increasing efficiency and profit
The bringing up of ideas for creation of new and improved products or services into market is known as Business InnovationThe initiation of Business Innovation activity is possible through intense brainstorming.Business innovation generally increase a company's efficiency and improve its profitability level.Learn more about Business Innovation here
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Compute the present value of a $100 investment made 6 months, 5 years, and 10 years from now at 4 percent interest. (lo1
Answers
$98.05 present value of invstment
What is present value?In economics and finance, present value, also known as present discounted value, is the monetary value of an expected revenue stream as of the valuation date.
The current value of a future sum of money discounted by a rate of return is known as its present value. It informs you how much you need to invest today to earn a certain amount in the future. The difference between the present value of cash inflows and cash outflows over time is referred to as net present value.
The present value of the costs is the amount of money that the costs are worth today. The present value of costs considers a notion known as the time worth of money.
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Under the allowance method, companies estimate _____ uncollectible amounts and report those estimates in the _____ year.Multiple choice question.future; currentcurrent; futurefuture; futurecurrent; current
Answers
Answer: current and future
Under the allowance method, companies must estimate future, uncollectible amounts and report those estimates in the current year.
The missing words are Future and Current.
What is the Allowance Method?Under the Allowance Method, companies set aside a reserve that is estimated, for bad debts that are anticipated in the future.
This method is typical of the accrual basis of accounting and is the most accepted method for recording uncollected accounts for financial accounting purposes.
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. Determine the monthly payments of principal and interest for a 20 year loan
e. Determine their total monthly payment, including homeowners' insurance and taxes
f. Determine whether the couple will qualify for the 20 year loan
g. Determine how much of the first payment on the loan is applies to the principal.
Answers
In order to determine the monthly payments of principal and interest for a 20-year loan, we can use the loan amount, interest rate, and loan term to calculate the amortized monthly payments.
e) By adding the monthly payments of principal and interest to the homeowners' insurance and property taxes, we can determine the total monthly payment.
f) By considering the couple's income, credit score, and debt-to-income ratio, we can evaluate whether they qualify for the 20-year loan.
g) With an amortization schedule and the loan details, we can determine the specific amount that applies to the principal in the first payment.
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How to use font style tool in word document
Answers
Answer:
♥〜 こんにちは〜 ♥
!
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＼(●~▽~●)
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
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Which task can be accomplished using the Chart Elements drop-down list in the Current Selection command group?
Change the type of chart.
Change the color of the chart.
Change the style of the chart title.
Change the gradient of the back wall.
Answers
Answer:
Change the gradient of the back wall.
Explanation:
Answer:
d
Explanation:
Which of the following effects is seen on the money supply and the economy when the Federal Reserve Board raises the discount rate? Multiple Choice People are encouraged to make major purchases, increasing economic activity. Inflation increases, the money supply increases, and economic activity increases. Interest rates increase and the money supply decreases. Interest rates decrease and the money supply increases. Banks make more loans, the money supply increases, and economic activity increases.
Answers
When the Fed engages in the action of raising the interest rate, the effect on the money supply and the economy is Interest rates increase and the money supply decreases.
What happens when the discount rate rises?When the discount rate of the nation is increased, it means that the Fed has increased the interest rate at which it loans out money to commercial banks.
As a result, commercial banks will be forced to raise their own rates which would lead to a decrease in money supply as companies and individuals will borrow less money and inject it into the economy.
In conclusion, a rise in the discount rate leads to a fall in money supply.
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VIP Corporation's first year of operations had the following transactions: 2020 Jan. 15 Issued 2, 8ee common shares to the corporation's promoters in exchange for their efforts in creating it. Their e
Answers
VIP Corporation's first year of operations had the following transactions: 2020 Jan. 15 Issued 2, 8ee common shares to the corporation's promoters in exchange for their efforts in creating it. Their efforts were worth \($85,000\), but the corporation received only \($25,000\) for the shares.
The following is the journal entry for the issuance of these shares:
Date Accounts Debit Credit
Jan. 15 Organizational expense 60,000
Share capital—common 20,000
Additional paid-in capital 45,000
Cash 25,000
Organizational expenses include all costs related to creating a corporation, such as legal fees and expenses for obtaining licenses and permits. This is debited to the organizational expense account in the journal entry.
The amount received in excess of the par value (\($10,000\)) is credited to the additional paid-in capital account. Thus, the excess of the amount received over the par value (\($15,000\)) is credited to the additional paid-in capital account.
Finally, cash of \($25,000\) is debited in the journal entry because that was the amount the corporation received for the shares. This journal entry is an example of a journal entry that involves issuing shares for a corporation's initial public offering.
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If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Answers
which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Question 1 of 10
What is one advantage of a trade school education?
A. You can postpone getting a job longer.
Answers
One advantage of a trade school education is that there is easier access to courses and specialized knowledge.
What is a Trade School Education?This refers to the type of education where some technical skills are taught to students to be knowledgeable in certain tradecrafts and occupations.
Hence, we can see that based on the fact that this is post-secondary education, it gives the students the added edge of getting access to skills and specialized knowledge.
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Answer: It is less costly than attending a four-year college.
Explanation:
ETHICS Should employers check credit reports as part of the hiring process? Each year retailers lose $30 billion a year from employee theft and $55 million because of workplace violence. Those who commit fraud are often living above their means but there is no evidence that workers with poor credit reports are more likely to be violent, steal from their employers, or quit their jobs. And refusing to hire someone with a low credit score creates a sad catch-22: People have poor credit records because they are unemployed and because they have poor credit records they continue to be unemployed. What is the right thing for an employer to do?
Answers
Ethics determine what is right and wrong based on a set of moral principles and values. In today's world, many employers request credit reports as part of their hiring process. However, the ethical issue with this is that the poor credit report should not determine if someone gets hired or not.
The following are points to consider when discussing whether employers should check credit reports as part of the hiring process:
Ethical Issues:
Checking the credit report of a potential employee is unethical. The poor credit report should not determine whether or not someone gets the job. Although a credit report may provide some insight into a candidate's financial behavior, it does not say much about their work ethic or job skills.
Legal Issues:
According to the Fair Credit Reporting Act, employers must have written permission from the candidate to access their credit report. Furthermore, employers must notify the candidate if they decide not to hire them based on their credit report and provide them with a copy of the report.
Risk Assessment:
Employers argue that checking credit reports aids in the assessment of risk in hiring a candidate. However, research has shown that there is no correlation between poor credit reports and job performance. Therefore, this argument may be deemed invalid.
Practicality:
Some companies use credit reports to help them identify candidates who may be at risk of fraud or theft. Unfortunately, this approach may also eliminate qualified candidates, as poor credit scores do not always indicate financial irresponsibility.
It's not ethical for employers to check credit reports as part of the hiring process. There are no proven correlations between poor credit reports and job performance, and poor credit scores may be the result of joblessness, thereby creating a catch-22 situation. Employers should rely on the interview process to assess candidates based on their skills, experience, and work ethic.
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