What must be proven by a third party to establish common law liability of auditors include:
Knowledge the accountant knew the representation was falseThe accountant intended the third party to rely on the false presentationA false representation was madeIt was stated that the auditor is responsible for detecting and reporting fraud, maintaining an attitude of independence, communicating audit results, evaluating the continuity of the client's business, and detecting and reporting unlawful acts by clients.
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Which savings option divides your investment among multiple companies
Answer:
Mutual funds
Explanation:
I just did it in school a p e x and I searched.
5. Given the model for the Mary Island economy calculate the equilibrium level of income. (2 Points) C= 100+.7YD G = 700 T = 500 1 = 200 6. Calculate the government spending multiplier and the tax multiplier if the MPC is 0.6. 7. Determine the net impact upon the nation's economy that results from equal increases in government spending and taxes of $10 billion when the MPC is.8.
The net nation's economy from equal increases in government spending and taxes of $10 billion when the MPC is 0.8 is an increase in income by $10 billion.
C = 100 + 0.7YD
G = 700
T = 500
I = 200
Using the Keynesian expenditure-income model -
Y = C + I + G + (X - M)
= (100 + 0.7YD) + 200 + 700 + (X - M)
AE = (100 + 0.7YD) + 200 + 700
Y = (100 + 0.7YD) + 200 + 700
Y = 100 + 0.7YD + 200 + 700
Y = 1000 + 0.7YD
Y = 1000 + 0.7(Y - 500) [ disposable income = YD = Y - T, YD = Y - 500]
Y = 1000 + 0.7Y - 350
0.3Y = 650
= 2166.67
Calculating the government spending multiplier -
Mg = 1 / (1 - MPC)
= 1 / (1 - 0.6)
= 1 / 0.4
= 2.5
Calculating the tax multiplier -
Mt = -MPC / (1 - MPC)
= -0.6 / (1 - 0.6)
= -0.6 / 0.4
= -1.5
Calculating the net impact on nation's economy -
ΔY = (Mg x ΔG) + (Mt x ΔT)
= (2.5 x 10) + (-1.5 x 10)
= 25 + (-15)
= 10
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total bundle am owns a home-based embroidery business. he is considering buying a new sewing and embroidery machine. the janome memory craft 14000 sewing and embroidery machine bundle is priced at $6, 500. it will save approximately 60 hours of time (valued at $20 per hour) and will cost $600 to maintain. as an alternative, sam estimates that purchasing the janome mb-4s four needle embroidery machine will save approximately 30 hours of time (valued at $20 per hour), and the machine will cost $500 to maintain. based on the economic value to the consumer, what is he most that sam should be willing to spend on the janome mb-4s?
MB-4s four needle embroidery machine will save approximately 30 hours of time and the machine will cost $500 to maintain. based on economic value to the consumer Sam should be willing to spend 5900 on MB-4S.
Permit Sam to purchase the MB-4S using X.
Janome Memory Craft 14000 value is calculated as follows: 60*20 - 6500 = 1200 - 6500 = -5300
30*20-X = 600-X is the value of the MB-4S.
Now,
600 - X = -5300
X = 5300+600
X = 5900
Sam needs to have $5,900 available for the MB-4S.
A sewing or embroidery machine is used in the machine embroidery process to embroider patterns onto textiles.
Economic value is the value assigned to a good or service based on consumer preferences and the trade-offs they make in light of their limited resources.
The price a person is willing to pay for a good or service while keeping in mind that the money could be used for other things is the item's economic value. The economic worth, however, may alter if the cost of the commodity or service varies.
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Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Profits (E&P) is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is (A). $31,000 (B). $25,000 (C). $10,000 (D). $4,000
Answer:
(D) $4,000
Explanation:
Initial amount distributed is $31,000
Earnings and Profit (E & P) $25,000
Therefore, Distribution in excess of earnings and Profit would be;
= Initial amount distributed - Earnings and Profit
=$31,000 - $25,000
=$6,000
Sally basis in her Dixie stock after the distribution would be ;
= Basis - Excess distribution
=$10,000 - $6,000
=$4,000
You want to save $500,000 dollars for retirement in your 401K over the next 30 years, 27. How much must you deposit weekly if the annuity is paying 7.35%? 28. What will be your total payments into the annuity over the 30 year period? 29. How much interest did you earn while building your annuity? 30. You retire with $500,000 in your 401K which earns 7.35%. What distribution would you receive monthly if you plan to withdraw funds for the next 25 years?
To answer these questions, we need to use the formula for a future value annuity:
FV = P * [(1 + r)^n - 1] / r, where FV is the future value, P is the payment, r is the interest rate, and n is the number of periods.
27. To find the weekly payment, we can rearrange the formula to solve for P: P = FV * r / [(1 + r)^n - 1]. Plugging in the given values, we get:
P = $500,000 * 0.0735 / [(1 + 0.0735)^(30 * 52) - 1] = $40.22
So you must deposit $40.22 weekly to reach your goal.
28. The total payments into the annuity over the 30 year period will be the weekly payment multiplied by the number of weeks: $40.22 * 30 * 52 = $62,741.20
29. The interest earned while building the annuity will be the difference between the future value and the total payments: $500,000 - $62,741.20 = $437,258.80
30. To find the monthly distribution, we can use the formula for a present value annuity: PV = P * [(1 - (1 + r)^-n) / r], and rearrange to solve for P:
P = PV * r / [(1 - (1 + r)^-n)] = $500,000 * 0.0735 / [(1 - (1 + 0.0735)^-(25 * 12))] = $3,323.37
So you would receive $3,323.37 monthly for the next 25 years.
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pee wee company incurred $15,000 in interest expense in 2021. its marginal income tax rate is 25 percent. what is the tax shield on its interest expense?
The tax shield on Pee Wee Company's interest expense is $3,750.
To calculate the tax shield on interest expense for Pee Wee Company, we need to understand the concept of tax shields and how they relate to interest expenses and tax rates.
The tax shield on interest expense refers to the reduction in taxable income resulting from deducting interest payments from the company's taxable income. In other words, the company can deduct the interest expense from its taxable income, which lowers the amount of income subject to taxation.
In this case, Pee Wee Company incurred $15,000 in interest expense in 2021. The marginal income tax rate is given as 25 percent. The tax shield can be calculated by multiplying the interest expense by the tax rate.
Tax Shield = Interest Expense * Tax Rate
Tax Shield = $15,000 * 0.25
Tax Shield = $3,750
Therefore, the tax shield on Pee Wee Company's interest expense is $3,750.
This means that by deducting the interest expense, Pee Wee Company is able to reduce its taxable income by $3,750, which results in a lower tax liability. This tax shield can help the company effectively lower its overall tax burden and increase its after-tax cash flows. It is an important consideration for companies with significant interest expenses as it can provide a financial advantage and improve their overall financial performance.
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a customer of a bank is skiing at her favorite ski resort. as she is riding the ski lift, her cell phone dings with a text reminding her to pay her credit card in the next few days before the deadline. she really enjoys how her bank sends her reminders and timely messages, and this builds her loyalty to the bank. this example illustrates which unique attribute associated specifically with digital marketing?
Answer:
mobile and portable
Explanation:
This illustrates mobile and portable unique attributes associated specifically with digital marketing.
What is illustration?A decoration, interpretation, or visual explanation of a text, concept, or process is called an illustration. Illustrations are made to be integrated into print and digitally published media, including posters, flyers, magazines, books, instructional aids, animations, video games, and films
When promoting goods and services, digital marketing makes use of the Internet and other online-based technology such as desktop computers, mobile phones, and other digital media and platforms.
Therefore, Product attributes are traits or qualities that characterize a good. These qualities can be tangible,
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HELP ASAP
A company had sales revenue of $1,000,000 last year. Its operating expenses were $100,000 and its income tax expense was
$10,000. Additionally, the company had $20,000 in sales returns and cost of goods sold of $500,000. What was its gross profit?
Answer: 480,000
This should be the gross profit, but if I'm wrong please let me know and ill try to fix it. :)
how do contact list differ from an address book
Answer:
they don't really differ, a contact list is justa digital adress book
Explanation:
suppose the following information is given for turkey and finland. in finland it takes two hours for each worker to produce grapes and two hours to produce a tomato. on the other hand turkish workers only need one hour to produce the tomatoes by four hours to produce grapes. assume there are only two workers one in each county and each works 40 hours a week.
1. how much of each product can the country produce before trade?
2. identify which country has the comparative advantage and absolute advantage on which products, show your calculations.
3. what could be th terms of trade? show how it will benefit for both country.
(1) Without trade, Finland can produce 20 tomatoes and 20 grapes, while Turkey can produce 40 tomatoes and 10 grapes, (2) Finland has a comparative advantage in producing tomatoes, while Turkey has a comparative advantage in producing grapes and (3) The terms of trade would depend on the bargaining between the two countries.
1. To determine the production levels without trade, we multiply the number of workers by their respective hours worked and divide by the time required to produce each product.
In Finland, each worker can produce 20 tomatoes (40 hours/2 hours per tomato) and 20 grapes (40 hours/2 hours per grape). In Turkey, each worker can produce 40 tomatoes (40 hours/1 hour per tomato) and 10 grapes (40 hours/4 hours per grape).
2. Comparative advantage is determined by comparing the opportunity costs of production. Finland has a lower opportunity cost in producing tomatoes, as it only requires 1 grape per tomato, while Turkey requires 4 grapes per tomato.
Therefore, Finland has a comparative advantage in tomatoes. Turkey, on the other hand, has a lower opportunity cost in producing grapes, as it only requires 0.25 tomatoes per grape, while Finland requires 0.5 tomatoes per grape. Thus, Turkey has a comparative advantage in grapes.
Both countries have an absolute advantage in producing both products since they can produce more of each product compared to the other country.
3. The terms of trade refer to the agreed exchange rate between the two countries. If they agree to exchange at a rate where Turkey can obtain more tomatoes for a given quantity of grapes, it would benefit both countries. Finland can specialize in tomato production and trade some of its tomatoes for grapes from Turkey. Similarly, Turkey can specialize in grape production and trade some of its grapes for tomatoes from Finland.
Through trade, both countries can consume a greater variety of products and benefit from each other's comparative advantages, leading to improved overall welfare. The specific terms of trade would depend on negotiations and the relative value placed on each product by the two countries.
Therefore, before trade Finland can produce 20 tomatoes and 20 grapes, while Turkey can produce 40 tomatoes and 10 grapes, Finland has a comparative advantage in producing tomatoes, while Turkey has a comparative advantage in producing grapes. Finland has an absolute advantage in producing both tomatoes and grapes and The terms of trade would depend on the bargaining between the two countries. If they agree to exchange at a rate where Turkey gets more tomatoes for a given quantity of grapes, both countries can benefit from trade.
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When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co. in order to expand its product line and the market for its existing consumer products, it was an example of a(n):
Companies do invest in foreign firms for profits. It was an example of a Foreign direct investments.
Foreign direct investments (FDI) are commonly referred to as substantial investments that company do engage into a foreign way.
It is known to be a stage of cross-border investment where investor resident in one economy set up a long interest in and a good extent of influence over an enterprise resident in another economy.
It often help the economic problems of developing countries and also boast forward internal policy reforms.
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How do individuals & business benefit from
economic freedom?
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
assume that a consumer buys only two goods: x and y. what is the utility-maximizing decision rule for the consumer in allocating total income to good x and good y?
A consumer must equalize the marginal utility per pound spent in order to maximizing utility while multiple products are being considered. Utility is maximized when MUA/PA = MUB/PB, where MU stands for marginal utility and P for price.
How is the utility of two items determined?Marginal Utility = Unit Change / Total Utility Change
The difference between the current total utility and a prior total utility can be used to compute the change in total utility.
How do you calculate the relative merits of X and Y?Take the utility function's partial derivative with regard to X and Y to determine the marginal utility. The marginal utility of X less the marginal utility of Y equals the marginal rate of substitution (MRS).
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tuna corporation reported pretax book income of $1,015,000. during the current year, the net reserve for warranties increased by $32,500. in addition, book depreciation exceeded tax depreciation by $115,000. finally, tuna subtracted a dividends received deduction of $22,500 in computing its current-year taxable income. book equivalent of taxable income is:
Book equivalent of taxable income will be equal to $992500.
While running a business, the business owner of the firm needs to pay different types of taxes. The taxes include the transportation taxes, tax on certain goods, the service taxes, value added services, etc. According to the question,
Pretax book income = $1015000
Increase in net reserve for warranties = $32500
Book depreciation = $115000
Dividend received deduction = $22500
The formula for calculating Book equivalent of taxable income will be expressed as:
Book equivalent = Pretax book income - Dividend received deduction
Book equivalent = $1015000 - $22500
Book equivalent = $992500
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Mathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.
So, if you hire two more drivers, you can run two shifts and so this will be enough.
Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
175 × 2 = 350
So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.
Hence, after hiring two more drivers, you can run two shifts, which will be enough.
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How can you reduce the chances of tractor runovers and collisions?
Make yourself as visible as possible on the road by using flashing lights and reflecting surfaces. The farther away a driver can see you, the better; drivers sometimes underestimate how slowly a tractor travels compared to them.
Whenever possible, hug the side of the road. gives impatient or delayed responders extra room to avoid a collision with you.
When a driver makes a mistake or isn't paying enough attention, this is what happens. Fortunately, no one was seriously hurt in this incident.
Without proper training, highly monitored operation, and ongoing supervision, we won't allow anyone to operate a tractor.
Inexperienced drivers are typically to blame for tractor safety problems. More and more individuals are relocating to rural areas from the suburbs. They purchase a few acres of rural property, and one of the first things they do is buy a tractor. Then they drive it like a Suburu for commuting, purchase the incorrect tools, use the incorrect gear, etc.
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When should the team members determine the decision? When should the leader?
The determination of decisions within a team depends on the nature of the decision and the roles of team members and leaders.
The involvement of team members in decision-making should occur when their expertise and knowledge are valuable in reaching the best possible outcome. Team members who possess specific skills, experience, or domain knowledge related to the decision should be actively engaged in the determination process. This allows for diverse perspectives, input, and the utilization of collective intelligence to arrive at informed and well-rounded decisions. In addition, decisions that directly impact team members' responsibilities or tasks should involve their input to ensure ownership and alignment.
However, leaders also have a critical role in decision-making. They bear the responsibility of guiding the team, setting strategic objectives, and considering the broader organizational context. Leaders often need to consider factors such as resource allocation, organizational goals, and the long-term impact of decisions. In situations where team members cannot reach a consensus or when a decision requires swift action, leaders may step in to make a final determination. Their experience, strategic vision, and ability to assess risks and opportunities contribute to effective decision-making within the team. Ultimately, the decision-making process should strike a balance between the involvement of team members and the leadership's guidance and authority.
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Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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What are the dangers associated with having a high national debt?
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
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7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of
the SAR? How might that information impact your college selection process?
Please I need help I speak little English
Answer:
It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.
Explanation:
Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.
The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to
The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.With the graduation and retention rates for the colleges displayed at the bottom of the Students Aid Report, students can make right choices about the schools.In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.
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Which examples best demonstrate likely tasks for insurance services workers? check all that apply.
Examples given in options A, C, and E best demonstrate likely tasks for insurance services workers. The correct options are:
"Maude analyzes statistics to determine the level of risks a customer represents""Dominique explains policies and rules to customers""Lou documents information about customer incidents"Insurance service workers are termed as the persons who are engaged in insurance related tasks in a insurance services sector. In the context of the given question, following are the tasks best demonstrate job tasks to be performed by insurance service workers:
analyze statistics to find the level of risk a customer represents.explains insurance policies and rules to customersdocument all the required information about customers' incidentsYou can learn more about Insurance Policy at
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Rachel worked in one of her family's two furniture stores. When her grandfather decided to
expand the business and build three more stores, Rachel realized that he would need a lot of
capital to get the construction started. She suggested that her grandfather raise the money
by selling shares of stock in the company to just a few people, not to the general public. Her
grandfather filed Articles of Incorporation with the government. He sold 1,000 shares of
stock to 100 people and kept 1,500 shares.
The text describes Rachel's suggestion for her grandfather to raise capital by selling shares of stock in the company to just a few people. Her grandfather followed the suggestion and sold 1,000 shares of stock to 100 people and kept 1,500 shares.
This process is known as a private placement, where shares of a company are sold to a small group of investors rather than the general public. It is often used by companies seeking to raise capital without going through the more extensive regulatory requirements of a public offering.
By selling shares of stock in the company, Rachel's grandfather was able to raise the necessary capital to expand the business and build three more stores. The 100 investors who bought shares became partial owners of the company and were entitled to a portion of its profits, as well as having a say in how the company was run.
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in which product life-cycle stage do product sales reach their maximum?
The product sales reach their maximum in the maturity stage of the product life cycle.
The product life cycle typically consists of four stages: introduction, growth, maturity, and decline. During the maturity stage, the product has gained widespread acceptance in the market, and sales are at their peak.
The market is saturated, and competition may be intense. Companies often focus on maintaining market share, managing costs, and differentiating their product to sustain sales during this stage. Eventually, the product will enter the decline stage as sales start to decline due to changing consumer preferences or the introduction of newer and more innovative products.
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Which part of the close-out report would describe how he would plan and manage projects in the future?.
12345678912345678900
If the goal is to keep your employee retention rate high, what
are 3-5 critical success factors and one layer of necessary
conditions?
To keep employee retention rates high, critical success factors include offering competitive compensation and benefits, providing growth and development opportunities, fostering a positive work culture, promoting work-life balance, and ensuring effective communication and feedback channels. One necessary condition is creating a supportive and inclusive work environment that values diversity and promotes equal opportunities.
Competitive compensation and benefits play a crucial role in attracting and retaining talented employees. Providing growth and development opportunities, such as training programs and career advancement paths, helps employees feel valued and motivated to stay with the organization. Fostering a positive work culture, where employees feel respected, recognized, and engaged, contributes to higher retention rates.
Promoting work-life balance by offering flexible schedules and time-off policies helps employees maintain a healthy work-life integration. Effective communication and feedback channels, including regular performance evaluations and open dialogue, create a sense of transparency and trust.
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Property rights protect businesses by:
A. setting a minimum price on all goods in an industry.
B. ensuring that the government cannot regulate their actions.
C. providing them with emergency loans from the government.
D. preventing competitors from copying their products.
Preventing competitors from copying their products is the use of Property rights to protect businesses. In business, there is high number of chance to copy the designs and pattern of the goods and services.
Why is it important to protect property rights?The primary goal of property rights, as well as their primary achievement, is to minimize destructive rivalry for control of economic resources. Property rights that are well-defined and well-protected replace violent rivalry with harmonious competition.
Thus, option D is correct.
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PLEASE HELP ME
My career is a traveling nurse
Answer:
Step by step explanation
the sales tax rate is 7%. if jim bought a new buick and paid a sales tax of $1,820, what was the cost of the buick before the tax?
The cost of the Buick before the sales tax is $25,971.14. This can be calculated by taking the sales tax of $1,820 and dividing it by the sales tax rate of 7%, which is 0.07. Once you have the decimal form of the sales tax rate, you can multiply it by the amount paid in sales tax.
The result of this calculation is $25,971.14, which is the cost of the Buick before the sales tax was applied.
To understand this better, let's break it down:
Step 1: Take the sales tax rate and convert it to a decimal by dividing it by 100. In this example, 7% would be 0.07.
Step 2: Multiply the decimal form of the sales tax rate by the amount paid in sales tax. In this example, 0.07 multiplied by $1,820 is $127.40.
Step 3: Subtract the amount from Step 2 from the total amount paid for the Buick. In this example, $1,820 minus $127.40 is $1,692.60.
Step 4: Divide the amount from Step 3 by the decimal form of the sales tax rate from Step 1. In this example, $1,692.60 divided by 0.07 is $24,171.14.
This is the cost of the Buick before the sales tax was applied.
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I have to do question A and C for TODAY
someone help me urgent please !!!!
(A) (1) The Four enterprising characteristics/skills displayed by Emer:
InnovationRisk-takingVisionaryEntrepreneurial thinking(ii) Two methods of encouraging intrapreneurship within the business:
Employee empowerment: Allowing employees to have a say in the decision-making process, delegating tasks and responsibilities, and providing them with the necessary resources to implement their ideas can encourage intrapreneurship.Recognition and reward: Recognizing and rewarding employees for their contributions to the business can encourage them to be more innovative and to take initiative in finding new opportunities for the business.(B) Obligations of Emer as business owner to the various stakeholders in the enterprise:
Customers: Emer has an obligation to provide a quality product and service to her customers. She is also responsible for ensuring that the restaurant is safe and hygienic for her customers.Employees: Emer is responsible for providing her employees with good rates of pay and conditions of work. She also has an obligation to provide her employees with training and development opportunities.Suppliers: Emer has an obligation to source produce from reputable suppliers and to pay her bills in a timely manner.Community: Emer has an obligation to be a responsible member of the community in which her business operates. This includes being a good neighbor and being environmentally friendly.Shareholders: Emer has an obligation to maximize shareholder value and to report financial performance honestly.(C) Evaluation of John Doyle's management skills:
Leadership: John is a great team leader and team builder. He leads by example and is able to delegate work effectively to his employees.Problem-solving: John is able to effectively handle any problems that arise with either staff or customers. He is able to sort out issues quietly and efficiently.Communication: John is able to communicate effectively with his staff and customers. He encourages the employees, through fortnightly meetings, to suggest improvements for the business.Motivation: John is able to motivate his staff and build a loyal team. Many staff members have been promoted to positions of responsibility in the business.What are the characteristics about?Innovation: Emer is constantly trying to improve the restaurant's image, profitability, and range of services that it offers. She and John actively encourage the restaurant's employees to suggest improvements for the business and many ideas have been introduced, such as extending the opening hours to include breakfast and catering for outside parties and special events through the online business.
Risk-taking: Emer invested her savings and took out a long-term loan to purchase a restaurant on the south side of Dublin. She was willing to take the risk of starting her own business and has successfully built a profitable enterprise.
Visionary: Emer recognizes the importance of having a loyal customer base for the long-term success of the business. She is constantly striving to improve the restaurant's image, profitability and the range of services that it offers.
Entrepreneurial thinking: Emer is constantly looking for new opportunities and ways to improve her business. She sees the value of her employees' ideas and actively encourages them to suggest improvements for the business.
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