Even if they were unaware of the fraud, accountants may be held accountable for it.
How does constructive fraud work?A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
To know more about fraud visit:
https://brainly.com/question/13117730
#SPJ4
when women are clustered in staff roles on in low-level management or below.
when women are clustered in staff roles or in low-level management or below, rather than approaching the glass ceiling Sticky floors Whether intentional or unintentional,
cultural bias can cause businesses to treat women less favorably than they do men. Due to cultural conditioning, many women also doubt their ability, which makes it challenging for them to advocate for equal pay. We've never seen women in leadership change positions as frequently as they do, and they do so more frequently than males do. That may have detrimental effects for businesses. In positions of leadership, women are already notably underrepresented. Compared to women, they are more task-oriented and directive. The most obvious leadership difference between male and female managers is frequently this: While women allow workers to discover their own route, males give their staff direction.
learn more about Sticky floors here:
https://brainly.com/question/27946323
#SPJ4
Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 three years later and used a discount broker who charged $35 per trade. Compute her net proceeds after the broker fees were taken out
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
How can ratio analysis be used to interpret financial statements?
In order to get insights into profitability, liquidity, operational effectiveness, and solvency, ratio analysis examines line-item information from a company's financial statements.
Ratio analysis allows you to compare one firm to another in the same sector or sector and track how one company has changed over time.
What is ratio analysis?Ratio analysis is a quantitative examination of the information included in the financial statements of an organization. Ratio analysis is the study or analysis of the line items included in the company's financial statements.
It can be used to evaluate a number of aspects of a business, including profitability, solvency, liquidity, and operational effectiveness.
Learn more about ratio analysis, from:
brainly.com/question/14234253
#SPJ1
a $40,400 note payable is retired at its $40,400 carrying (book) value in exchange for cash. the only changes affecting retained earnings are net income and cash dividends paid. new equipment is acquired for $70,600 cash. received cash for the sale of equipment that had cost $61,600, yielding a $3,300 gain. prepaid expenses and wages payable relate to operating expenses on the income statement. all purchases and sales of inventory are on credit.
In summary, based on the information provided,
we cannot determine the exact impact on retained earnings as we are missing details about net income, cash dividends, prepaid expenses, wages payable, and specific inventory transactions.
1. Retiring the Note Payable:
- The $40,400 note payable is retired at its carrying (book) value of $40,400 in exchange for cash.
2. Changes affecting Retained Earnings:
- The only changes affecting retained earnings are net income and cash dividends paid.
However, the question does not provide any information about net income or dividends paid, so we cannot determine their impact on retained earnings.
3. Acquiring New Equipment:
- New equipment is acquired for $70,600 in cash. This transaction does not directly affect retained earnings.
4. Selling Equipment:
- Equipment, which originally cost $61,600, is sold for cash. The sale results in a gain of $3,300. Again, this transaction does not directly affect retained earnings.
5. Prepaid Expenses and Wages Payable:
- Prepaid expenses and wages payable are operating expenses on the income statement.
However, the question does not provide any specific details about these expenses, so we cannot determine their impact on retained earnings.
6. Purchases and Sales of Inventory:
- All purchases and sales of inventory are done on credit. This information does not directly affect retained earnings.
Learn more about information :
https://brainly.com/question/33427978
#SPJ11
Choose the best answer. A variable which has a set countable, finite amount is known as a______ variable a. Discrete b. Continuous c. Independent d. Numerical
A variable that has a set countable, finite amount is known as a Discrete variable. Thus, option a is the correct answer.
Discrete random variables can just accept a finite digit of values. A discrete random variable is one which may carry on only a countable digit of different values. Discrete random variables are usually counted and finite. If a random variable can accept only a limited digit of different values, then it must be a discrete variable.
Discrete variables can only be a specific group of numbers whereas continuous variables can be any number of values. It may also be described as a process that is important in giving value to the outcomes of any spontaneous experiment.
To learn more about Discrete variables
https://brainly.com/question/13339063
#SPJ4
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Hope this helps!
During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On the date of distribution, the land has a basis of $250,000, a fair market value of $650,000, and is subject to a liability of $500,000. Kena, who takes the land subject to the liability, has a basis of $120,000 in the Ecru stock. With respect to the distribution of the land, which of the following statements is correct?
a. Kena recognizes a gain of $530,000.
b. Ecru Corporation recognizes a gain of $250,000.
c. Kena recognizes a gain of $30,000.
d. Kena has a basis of $250,000 in the land.
Why is it helpful to include milestones when setting personal performance goals. a) Including milestones allow one to explore many diverse interests before setting personal performance goals. b) Including milestones sets a long-term vision of where one wants to be in ten years. c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal. d) Including milestones allows one to measure one's performance in miles.
Answer:
c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal.
Explanation:
In this regard, we can relate the inclusion of milestones when defining personal performance goals to SMART goals, which is a method used to better target which actions will lead to the achievement of your goals and objectives.
SMART goals include milestones that allow you to use a variety of short-term, achievable tasks to achieve a long-term goal.
The acronym SMART stands for: Specific, Measurable, Achievable, Relevant and Time-based.
Which implies that the goals must be specific, they must be planned as clearly as possible. Measurable because they must be measured and monitored to analyze the performance of the tasks required to reach the goal. It must also be attainable, which means that the goal must be planned only if there are real possibilities to be achieved. Relevant to achieving motivation and ultimately time-based, as every goal must have a deadline for reaching it.
Answer:
c
Explanation:
The demand for loanable funds is downward-sloping because: a. as interest rates fall, business find more projects to be profitable and thus want to borrow more. b. higher interest rates are equivalent to higher returns on business projects. c. as interest rates drop, the value of the money supply drops.
d. higher interest rates encourage firms to borrow more.
The demand for loanable funds is downward sloping because as interest rates fall, business find more projects to be profitable and thus want to borrow more (option a)
This is due to the fact that lower interest rates make it more affordable for businesses to borrow money, which in turn can lead to increased investment and economic growth. Higher interest rates are equivalent to higher returns on business projects, which may encourage firms to borrow more, but this is not the main reason why the demand for loanable funds is downward-sloping.
Additionally, as interest rates drop, the value of the money supply does not necessarily drop, so option c is not a valid explanation for why the demand for loanable funds is downward-sloping.
This means that when interest rates decrease, the cost of borrowing becomes more affordable, leading businesses to invest in more projects and borrow more funds. Consequently, the demand for loanable funds increases, resulting in a downward-sloping demand curve.
Therefore, the correct answer is option a. as interest rates fall, business find more projects to be profitable and thus want to borrow more
Learn more about downward sloping here: https://brainly.com/question/14469389
#SPJ11
The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answer:
Who,When,What
Explanation:
True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answer:
that would be true
Explanation:
What type of analytics examines recent and historical data to detect patterns, and predict future outcomes and trends, and provide estimates about the likelihood of a future outcome?
Predictive analytics and machine learning are sometimes confused as one and the same, which is a widespread mistake.
Using historical data, predictive analytics enables us to comprehend potential future events. Predictive analytics, at its core, consists of a number of statistical techniques (such as machine learning, predictive modelling, and data mining) that estimate or forecast future outcomes by using statistics from the past and the present.
Contrarily, machine learning is a branch of computer science that, in the words of Arthur Samuel, an American pioneer in the fields of artificial intelligence and computer gaming, "involves the programming of a digital computer to behave in a manner that, if carried out by humans or animals, would be described as involving the process of learning," according to Samuel's 1959 definition.
Learn more about analytics here:
https://brainly.com/question/30101345
#SPJ4
When a person brings an item to a pawnshop to obtain cash, the transaction is considered:
Answer:
Collatral loan
Explanation:
The item acts as a collatral to obtain the cash loan.
The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answer:
true took the test brainliest please
How much money can a production company that makes fluidized bed scrubbers spend now instead of spending $170,000 in year 5 if the interest rates are estimated to be 5% per year in years 1 to 3 and 20% per year in years 4 and 5 ? The company can spend $_____.
A production company that makes fluidized bed scrubbers can spend approximately $138,818 instead of spending $170,000 in year 5, given the estimated interest rates of 5% per year in years 1 to 3 and 20% per year in years 4 and 5.
To calculate the amount the production company can spend instead of spending $170,000 in year 5, we need to consider the effects of interest rates over the years. Let's break down the calculations:
In years 1 to 3, the interest rate is estimated at 5% per year. We can calculate the future value of $170,000 after three years using the compound interest formula:
Future Value = Present Value * (1 + Interest Rate)^Number of Years. Substituting the values,
we have Future Value = \($170,000 * (1 + 0.05)^3\)
= $170,000 * (1.05)^3
= $170,000 * 1.157625
= $196,892.25.
In years 4 and 5, the interest rate is estimated at 20% per year. We can calculate the future value of $196,892.25 after two years using the compound interest formula:
Future Value = Present Value * (1 + Interest Rate)^Number of Years.
Substituting the values,
we have Future Value = \($196,892.25 * (1 + 0.20)^2\)
\(= $196,892.25 * (1.20)^2\)
= $196,892.25 * 1.44
= $283,754.56.
Therefore, if the production company wants to spend the equivalent amount of money in year 5, considering the interest rates, they can spend approximately $138,818.
This calculation takes into account the compounding effects of interest rates over the specified time periods.
To learn more about future value here brainly.com/question/30787954
#SPJ11
What will happen to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition
What happens to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
What is an import quota?An import quota is a trade restriction, limiting the quantity of a good that can be imported into a country in a period.
It creates undue advantages for domestic producers and discourages international competitiveness.
Answer Options:a. Prices will rise and outputs will fall.
b. Prices will rise and outputs will rise.
c. Profits will fall and domestic prices will fall.
d. Prices will fall and outputs will fall
Thus, a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
Learn more about international trade at https://brainly.com/question/15115779
The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
Using the pie chart in your reading, what percentage of our total tax dollars is used by the federal gov. to fund the social security and Medicare programs?
Answer: 38%
The percentage spent on Social Security and Medicare of the total is = 28.32% of the Total Spending.
The total amount of funds used by the Federal Government for social security and Medicare in the year 2020 is $1.869 Trillion.
The total Medicare and Social Security spending:
Medicare ($ 769,000,000,000) + Social Security ($ 1,100,000,000,000) =
Total ($ 1,869,000,000,000) or $1.869 Trillion
The percentage of the Medicare and Social Security spending as a percentage of the total spend:
The Total Spend = $6.6 Trillion (or $6,600,000,000,000)
The percentage spent on Social Security and Medicare of the total is:
Formula = (Value / Total) x 100%
= ($1.869 Trilion/$6.6 Trillion) x 100%
= ($ 1,869,000,000,000/$6,600,000,000,000) x 100%
= 0.28318181818 X 100%
= 28.32%
Learn more about Medicare, here;
https://brainly.com/question/14011571
#SPJ1
Project Part 1B: Gap Analysis Plan and Risk Assessment Methodology: Students will create a gap analysis plan. They will also review two risk assessment methodologies and recommend one the company should use to perform a risk assessment
Scenario
After the productive team meeting, Fullsoft’s chief technology officer (CTO) wants further analysis performed and a high-level plan created to mitigate future risks, threats, and vulnerabilities. As part of this request, you and your team members will create a plan for performing a gap analysis, and then research and select an appropriate risk assessment methodology to be used for future reviews of the Fullsoft IT environment.
An IT gap analysis may be a formal investigation or an informal survey of an organization's overall IT security. The first step of a gap analysis is to compose clear objectives and goals concerning an organization's IT security. For each objective or goal, the person performing the analysis must gather information about the environment, determine the present status, and identify what must be changed to achieve goals. The analysis most often reveals gaps in security between "where you are" and "where you want to be."
Two popular risk assessment methodologies are NIST SP 800-30 revision 1, Guide for Conducting Risk Assessments, and Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE). Your focus will be on the OCTAVE Allegro version, which is a more concise version of OCTAVE. When reviewing the methodologies, consider the following:
Which features or factors of each methodology are most important and relevant to Fullsoft?
Which methodology is easier to follow?
Which methodology appears to require fewer resources, such as time and staff, but still provides for a thorough assessment?
Tasks:
Create a high-level plan to perform a gap analysis.
Review the following two risk assessment methodologies:
NIST SP 800-30 rev. 1, Guide for Conducting Risk Assessments (formerly titled " Risk Management Guide for Information Technology Systems")
Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), Allegro version
Create a report that includes the gap analysis plan, a brief description of each risk assessment methodology, a recommendation for which methodology Fullsoft should follow, and a justification for your choice
A gap analysis plan is the formal process of evaluating the differences in performance or functionality between existing systems and desired systems or results. Based on the analysis, we recommend that Fullsoft use the OCTAVE Allegro methodology for its risk assessment.
Gap analysis plan:
A gap analysis plan is the formal process of evaluating the differences in performance or functionality between existing systems and desired systems or results. In order to conduct a gap analysis, clear objectives and goals must be established to identify what needs to be changed to achieve these goals. By performing a gap analysis, Fullsoft can identify gaps in security between "where you are" and "where you want to be" and develop strategies to mitigate these risks.
Risk assessment methodologies:
Two risk assessment methodologies that Fullsoft can use to evaluate its IT environment are NIST SP 800-30 revision 1, Guide for Conducting Risk Assessments, and Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE) Allegro version. While both methodologies are designed to help organizations identify potential risks, they have different strengths and weaknesses.
NIST SP 800-30 rev. 1:
This methodology focuses on identifying and analyzing threats, vulnerabilities, and potential impacts to an organization's information and information systems. This methodology is more complex, requiring a longer assessment period and more resources to complete. However, it provides a comprehensive overview of potential risks.
OCTAVE Allegro:
This methodology is designed to help organizations identify potential risks to their information and information systems. It is a more concise version of the original OCTAVE methodology, requiring fewer resources to complete. This methodology is more straightforward and easier to follow than NIST SP 800-30 revision 1.
Recommendation:
Based on the analysis, we recommend that Fullsoft use the OCTAVE Allegro methodology for its risk assessment. This methodology is more straightforward and easier to follow, requiring fewer resources to complete. While it may not provide as comprehensive an assessment as the NIST SP 800-30 revision 1 methodology, it is still thorough enough to identify potential risks to Fullsoft's IT environment.
Learn more about the Risk assessment from the given link-
https://brainly.com/question/1224221
#SPJ11
When companies adopt the strategy formulation, strategy execution process, the first step is to Group of answer choices develop a strategic vision, mission, and values. execute the company's chosen strategy efficiently and effectively. adopt a proven business model, decide on the company's top management team, and craft a strategy. set objectives and develop a profitable business model to meet those objectives. monitor internal and external developments and initiate corrective adjustments to the business model when necessary.
Answer:
develop a strategic vision, mission, and values.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
On a related note, when companies adopt the strategy formulation, strategy execution process; the first step is to develop a strategic vision, mission, and values that would effectively and efficiently help it in achieving its aim, goals, objectives, and procedures in order to enhance the survival, growth, and overall effectiveness of a business firm.
How can I tutor at age 11?
Job vs Process
Costing
a. What is the difference between job and process costing?
b. For each of the following businesses, indicate whether job or
process costing would be more appropria
Job costing and process costing are two approaches to accounting for the costs of producing a product or service. The following are the differences between job and process costing:Job costing is used when each product is unique, such as a building or a ship, while process costing is used when items are indistinguishable from one another and are produced in a batch, such as sugar or flour.
Job costing and process costing are two different costing methods employed by firms. While Job costing is employed for production with many different items, Process costing is used for production with just one item or identical items in bulk. The main differences between job and process costing are based on their nature and focus. While job costing is used to trace costs for a specific job, process costing tracks costs for the entire production cycle. It's also important to note that job costing involves high monitoring and tracing costs, whereas process costing is not.
Process costing involves the calculation of average costs across the production cycle. For each of the following businesses, job or process costing would be more appropriate:A construction company that builds unique buildings and structures would be best suited for job costing since each building and structure is unique, and production costs for each job can be monitored. A paper manufacturer that produces large quantities of paper products of identical quality would be best suited for process costing, which helps to calculate the costs involved in producing each unit.
In conclusion, Job costing and process costing are essential tools for firms to measure the production costs of their products. While job costing is used for unique items, process costing is used for bulk production of identical items. These two techniques assist firms in determining the exact costs of their products. It's crucial to know which one is best for your business, as it will have a direct effect on your decision-making process.
To know more about Job costing visit:
brainly.com/question/14753188
#SPJ11
Which statement regarding wage earning employees is true?
A.)wage-earning employees receive pay based on the number of hours worked
B.)Wage-earning employees do not have taxes withheld from each paycheck
C.)Wage-earning employees receive the same pay as salaried workers
D.) Wage-earning employees are always offered medical benefits
Answer:
A.)wage-earning employees receive pay based on the number of hours worked
Explanation:
Answer:
A. wage earning employees receive pay based on the number of hours worked
Explanation:
just took the q, lmk if you need help .
Discuss why some companies get to the top of industry rankings and stay there, while others do not. Provide an example of a company that got to the top of industry rankings and stayed there, and an example of a company that got to the top of the rankings but did not stay there for long.
Companies that reach and maintain the top of industry rankings do so by having a clear strategic vision, prioritizing innovation, fostering strong leadership, and cultivating a motivated workforce. An example of a company that achieved and maintained a top position is Apple Inc, and an example of a company that reached the top but did not sustain its position for long is Nokia Corporation.
Companies that reach the top of industry rankings and stay there often possess several key factors that contribute to their success. Firstly, these companies have a clear and well-defined strategic vision. They know what they want to achieve and have a solid plan in place to accomplish their goals. This enables them to make informed decisions and adapt to changes in the industry, ensuring their continued success.
Secondly, successful companies prioritize innovation and constantly strive to improve their products or services. By investing in research and development, they can stay ahead of their competitors and offer unique and high-quality offerings to customers. This continuous innovation helps to maintain its top position in the industry rankings.
Furthermore, companies that stay at the top have strong leadership and a dedicated and motivated workforce. Effective leadership sets the tone for the entire organization, fostering a culture of excellence and encouraging employees to perform at their best. These companies also invest in employee development and engagement, ensuring that their workforce is equipped with the necessary skills and knowledge to excel in their roles.
A well-known corporate enterprise Apple Inc is an example of a company that achieved and maintained a top position in industry rankings. Apple has consistently been recognized as a leading technology company, known for its innovative products such as the iPhone, iPad, and Mac computers. Their commitment to design, user experience, and cutting-edge technology has allowed them to dominate the industry and retain their top position for an extended period.
On the other hand, Nokia Corporation is an example of a company that briefly reached the top but failed to sustain its position. Nokia was once a leader in the mobile phone industry, with its products being widely popular worldwide. However, the company failed to adapt to the rise of smartphones and the shift in consumer preferences. As a result, they lost their market share to competitors such as Apple and Samsung, eventually leading to their decline and loss of their top industry ranking.
Learn more about innovation here: https://brainly.com/question/8362763
#SPJ11
The government uses expansionary fiscal policy, it will cause the to shift to the?
The government uses expansionary fiscal policy, which will cause a shift to the use of fiscal policy to expand the economy by increasing aggregate demand, which leads to increased output, decreased unemployment, and a higher price level. Expansionary fiscal policy is used to fix recessions.
Fiscal policy is the use of government spending and taxes to influence the economy. Governments typically use fiscal policies to promote strong, sustainable growth and reduce poverty.
The two most important examples of expansionary fiscal policy are tax cuts and increased government spending. Both measures aim to increase aggregate demand while contributing to deficits or reducing budget surpluses.
The usual goals of both fiscal and monetary policy are to achieve or maintain full employment, achieve or maintain high economic growth, and stabilize prices and wages.
US taxation is generally incorporated into the federal annual budget. This budget is proposed by the President and approved by Congress.
Learn more about fiscal policy here
https://brainly.com/question/6583917
#SPJ4
data mining can be very useful in detecting patterns such as credit card fraud, but is of little help in improving sales. true false
The given statement "data mining can be very useful in detecting patterns such as credit card fraud, but is of little help in improving sales" is False because it is valuable technique.
Data mining is a valuable technique that can be used for various purposes, including both detecting patterns such as credit card fraud and improving sales.
The data mining helps businesses to identify trends, correlations, and patterns that can inform their sales strategies.
To understanding customer segments, predicting customer needs, and targeting marketing efforts more effective, businesses to identify cross-selling and upselling opportunities.
Therefore, the given statement is false.
To know more about data mining here,
https://brainly.com/question/14970235
#SPJ4
When a firm produces 700 widgets with total cost of $1,200 and fixed cost of $700, what is the average variable cost? Your Answer: Answer
The average variable cost is $0.71 per widget.
To calculate the average variable cost, we start by determining the variable cost, which is obtained by subtracting the fixed cost from the total cost. In this case, the fixed cost is $700, and the total cost is $1,200. By subtracting the fixed cost from the total cost, we find that the variable cost is $500.
Next, we divide the variable cost ($500) by the quantity of widgets produced (700) to find the average variable cost. Dividing these values gives us $0.71 per widget.
Therefore, the average variable cost of producing 700 widgets with a total cost of $1,200 and a fixed cost of $700 is $0.71.
Learn more about average variable cost
brainly.com/question/29350415
#SPJ11
1. Contrast traditional economies, command economies, and economies.
2. Explain gross domestic product (GDP).
3. Assess the importance and effects of globalization.
Answer:
1. A traditional economy is a system that relies on customs, history, and time-honored beliefs.2 A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.
2. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.
3. Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
True or false: HRM is just as important to a company as the company's finance, marketing, and accounting departments.
**True.** HRM (Human Resource Management) is just as important to a company as its finance, marketing, and accounting departments.
While each department plays a crucial role in the overall functioning of a company, HRM is equally significant in ensuring the success and effectiveness of the organization. HRM is responsible for managing the company's human capital, including recruitment, selection, training, performance management, employee engagement, and employee relations.
Effective HRM practices contribute to various aspects of a company's success. For instance, HRM plays a vital role in attracting and retaining top talent, which is crucial for driving innovation, productivity, and competitiveness. HRM also ensures compliance with labor laws and regulations, promotes a positive work culture, fosters employee development, and manages conflicts or issues within the workforce.
Additionally, HRM plays a critical role in aligning the company's human resources with its strategic goals, facilitating organizational change, and promoting diversity and inclusion. Without effective HRM, companies may struggle to attract and retain talented employees, experience low employee morale, face legal and compliance risks, and hinder overall organizational performance.
Therefore, recognizing the importance of HRM as being on par with finance, marketing, and accounting departments is essential for organizations to thrive in a competitive business environment.
Learn more about Human Resource Management here:
https://brainly.com/question/31809929
#SPJ11
What type of degree can you earn from a community college?
A. A Ph.D.
B. A master's degree
C. A bachelor's degree
D. An associate's degree
Answer:
associate's degree
Explanation:
most community colleges offer an associate's ddgree
Answer:
D
Hope I helped