Answer:
Globalization
Explanation:
Globalization originally referred to how multinationals started operating in different countries, but now it includes everyone. Globalization has changed the way the people around the world interact with each other, mainly due to the internet. Countries also interact differently with one another now, the world's economy is turning into one big global economy because trade is now much easier.
A BD used by an IA for execution of trades announces a commission discount for placing at least 500 trades per month. The IA wants to get the discount for its clients, but typically places about 475 trades per month. The best practices for the IA to get the discount is to increase trading:______A) in the account of the IAB) equally throughout its clienteleC) proportionally throughout its clienteleD) only in the accounts that already trade frequently
Answer: A. in the account of the IA
Explanation:
Here,
IA = investment adviser
BD = broker-dealer
In this scenario, the investment adviser want to get discount for its client. The best option for investment adviser to get discount for its client would be to increase trading in the account of the investment adviser.
Final answer:
The IA wants to get the discount for its clients, but typically places about 475 trades per month. The best practices for the IA to get the discount is to increase trading: proportionally throughout its clientele, option C.
Explanation:
The question refers to a situation where an Investment Advisor (IA) is considering ways to increase trading to qualify for a commission discount from a Broker-Dealer (BD) by reaching a threshold of 500 trades per month. The IA is currently averaging about 475 trades per month. The best practice for the IA to achieve the discount, while also considering potential regulation and ethical considerations, would likely be to increase trading:
C) proportionally throughout its clientele,
This approach is designed to maintain fairness and reduce any potential conflicts of interest by ensuring that the additional trades needed to secure the discount benefit all clients proportionally, rather than favoring certain accounts over others.
A decrease in the demand for pastry chefs may come about because of an:
a. increased concern for fitness.
b. increase in the market wage rate for pastry chefs.
c. increase in the supply of other factors that pastry chefs use.
d. increase in the productivity of pastry chefs.
e. decrease in the price of other factors that are employed with pastry chefs.
Decreased demand for pastry chefs can arise from increased concerns for fitness, higher market wage rates for such chefs, and increased supply of other factors that pastry chefs use, making other food options more easily available and cheaper.
Explanation:The decrease in demand for pastry chefs could be a result of various factors such as changes in population preferences, market wages, or market dynamics. A. Increased concern for fitness could lead to a decrease in the demand for pastry chefs if people decide to cut back on their intake of sweet, high-calorie foods, hence reducing the need for chefs specializing in pastries. B. An increase in the market wage rate for pastry chefs might also reduce the demand for them if employers find it too costly to hire them. Finally, c. An increase in the supply of other factors that pastry chefs use can impact demand adversely if it makes alternative, cheaper foods more abundant and attractive.
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"Alfonzo and Wendy were arguing about whether their company should issue par value common stock or no-par value common stock. Alfonzo said that par value stock was better because they could use it to help set the market price of the stock. Wendy disagreed. Who was right and why
Answer:
Wendy was right because par value stock has not impact on the market price of the stock.
Explanation:
Par Value:
The par value of stock is the value, that is generally a very small amount, which is stated on the stock certificates of a company. It has no connection with the market price of the stock.
Some states ask the company to assign a par value for stock so that's why the companies minimum par value to the stock.If some companies don't assign par value to their stock then its means that their shares have no-par value.In our case, Wendy was right due to the fact that par values has no concern with the market price of the stock.If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the price ceiling.c. it has no legal enforcement mechanism.d. None of the above is correct because all price ceilings must be binding.
If a price ceiling is not binding, it means that the equilibrium price is below the price ceiling.
Explanation:If a price ceiling is not binding, it means that the equilibrium price in the market is below the price ceiling. This happens when the market price is determined by the forces of supply and demand, and it is below the maximum price set by the ceiling. For example, if the equilibrium price is $8 but the price ceiling is set at $10, then the price ceiling is not binding. In this case, the market can freely determine the price and it ends up being below the ceiling.
The correct answer option is b. the equilibrium price is below the price ceiling. It's important to note that not all price ceilings are binding. Some price ceilings are set above the equilibrium price, which makes them non-binding and ineffective.
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______________ occurs when workers deliberately slow down their pace or restrict their work output.
A. Job loitering
B. Chugging
C. Reinforcing
D. Lagging
E. Soldiering
Answer:
correct option is E. Soldiering
Explanation:
solution
Soldiering occurs when workers deliberately slow down their pace or restrict their work output because soldering is that process in which 2 or 2+ items are joined together for better output
it was the concept of father of scientific management ( Frederick W taylor) when he was working in steel company he use game of soldiering when he going to make bigger output
so here correct option is E. Soldiering
Soldiering occurs when workers deliberately slow down their pace or restrict their work output. The correct answer is option E. Soldiering.
Soldiering, a term popularized by Frederick Winslow Taylor in the early 20th century, refers to the intentional effort by workers to reduce productivity. This behavior can arise from various reasons, such as dissatisfaction with management, unfair wages, or to maintain current job levels and avoid layoffs due to perceived overproduction.
Workers might engage in soldiering to protest working conditions or express dissatisfaction with management practices. By limiting output, they aim to pressure employers into addressing grievances, such as inadequate pay or poor working environments.Another reason for soldiering is to prevent the establishment of high productivity expectations. Workers may fear that if they consistently perform at higher levels, management will raise output standards, making it difficult to maintain those levels without undue stress or risk of job cuts. Thus, soldiering serves as a tactic to manage workload and job security.Stock in country Road Industries has a beta of 1.46. The market risk premium is 7.5 percent while T-bills are currently yielding 2.5 percent. Country Road's last dividend was $1.55 per share and dividends are expected to grow at an annual rate of 4.5 percent indefinitely. The stock sells for $26 a share. What is the estimated cost of equity?
a. 11.96 percent
b. 13.45 percent
c. 10.73 percent
d. 12.09 percent
e. 10.46 percent
Answer:
b. 13.45 percent
Explanation:
We can use the CAPM method to find the cost of equity, according to CAPM
cost of equity = Risk free Rate +Beta(market risk premium)
cost of equity = 2.5+1.46(7.5)
cost of equity=13.45
The standard cost sheet for Eiger Mountain Manufacturing’s (EMM) most popular product shows 3 pounds of material at $6.00 per pound and 1.5 hours at $28.80 per hour. During the most recent period, EMM produced 500 units and incurred direct materials cost of $10,060 when it purchased 1,600 pounds and $20,976 for direct labor costs for 760 hours of labor. What is EMM’s materials quantity variance for the period? A : $460 unfavorable B : $1,060 unfavorable C : $600 unfavorable D : $10,916 unfavorable
EMM's materials quantity variance for the period is $600 unfavorable, which represents the cost of the excess materials purchased beyond the standard requirement for the production output.
Pertains to calculating the materials quantity variance for Eiger Mountain Manufacturing (EMM) during a specific period. The standard cost sheet indicates that each unit requires 3 pounds of material at $6.00 per pound. For 500 units, the standard materials should be 500 units imes 3 pounds/unit = 1,500 pounds. The actual materials purchased were 1,600 pounds, indicating an excess purchase of 100 pounds. The materials quantity variance is calculated as the difference between the actual quantity purchased and the standard quantity allowed, multiplied by the standard cost per pound. Therefore, the materials quantity variance is (1,600 pounds - 1,500 pounds) imes $6.00/pound = 100 pounds imes $6.00/pound = $600 unfavorable.
The materials quantity variance for Eiger Mountain Manufacturing's product is $600 unfavorable, calculated by the difference in actual materials used versus the standard required materials, times the standard cost per pound. The correct answer is option C : $600 unfavorable.
To calculate the materials quantity variance for Eiger Mountain Manufacturing's product, we need to compute the difference between the standard quantity of materials that should have been used for the actual production and the actual quantity used, then multiply by the standard cost per pound. The standard quantity for 500 units is 3 pounds per unit, so 500 units imes 3 pounds per unit = 1,500 pounds. The actual quantity used is 1,600 pounds.
The materials quantity variance is calculated as follows:
(Actual Quantity - Standard Quantity) imes Standard Cost per Pound
(1,600 pounds - 1,500 pounds) imes $6.00 per pound = 100 pounds imes $6.00 per pound = $600
The materials quantity variance is $600 unfavorable, since more materials were used than the standard amount.
What setting must be enabled to view data in Demographics and Interests Reports?
A. Content GroupingB. Advertising featuresC. User permissions on the viewD. In-Page Analytics
Answer: (B) Advertising features
Explanation:
The advertising feature is one of the most important type of setting that enabled to viewing the data in the interest and the demographic report.
The adverting feature is the process of analyzing the given information or data by collecting all the information from the users in the form of google advertisement cookies in the system.
We can easily enable the data in the demographics the interest report by clicking on the button admin and the navigating the given properties by enabling the advertising features.
Therefore, Option (B) is correct.
Simm Co. has determined its December 31 inventory on a LIFO basis to be $400,000. Information pertaining to the inventory follows: Estimated selling price $408,000 Estimated cost of disposal 20,000 Normal profit margin 60,000 Current replacement cost 390,000 At December 31, what should be the amount of Simm’s inventory?
Answer:
LIGO= Lower of Cost of Market
Market needs to be decided. Cost is always original cost. Market can be NRV, replacement cost or NRV less a Normal profit margin.
12/31 inventory: $400,000 cost
NRV= $408,000 - $20,000 selling price disposal cost: = $388,000
NRV less NPM = $388,000 - $60,000 = $328,000
Replacement cost: $390,000
Market is always the middle of:
NRV (ceiling)
Replacement cost
NRV-NPM (floor)
Replacement Cos $390,000
NVR = $388,000
NRV - NPM= $328,000
$388,000 is the middle number or NRV this is market
Compare Market $388,000 to cost $400,000
NRV of $388,000
LIFO and retail use LCM.
A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympics sponsor even though it had not paid sponsorship fees. This is an example of _____.
Answer: Ambush Marketing
Explanation:
The mask company is engaged in Ambush marketing in the Olympics event.
Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.
According to Robert Merton, ____________________ occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.
-Income taxes should be decreased to the same rate for everyone.
-Income taxes should be abolished and replaced with a national sales tax.
-Income taxes should be increased regardless of ability to pay.
-Income taxes should be reduced to a minimal level and be based on ability to pay.
According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.
Explanation:
The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.
Anomie is "the state that society gives persons no moral guidance" .
Conflicts between values and social linkages between an individual and the group will contribute to anomia.
Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.
One framework for designing an effective message is the AIDA model. In the AIDA model, ________.
A.attention leads to interest, which hopefully leads to desire and then assimilationB.advertising leads to interest, which hopefully leads to desire and then attentionC.attention leads to interest, which hopefully leads to discussion and then actionD.attention leads to interest, which hopefully leads to desire and then actionE.advertising leads to interest, which hopefully leads to desire and then action
One framework for designing an effective message is the AIDA model. In the AIDA model, attention leads to interest, which hopefully leads to desire and then action.
Explanation:
The AIDA concept is an acronym – it represents care, interest, desire and action. It is a marketing model that describes the steps a customer takes in order to buy a product. Since the late 19th century the AIDA model has been in use.
The first step in marketing or advertising is how to draw customer interest. Interest: The client will strive towards growing the potential customer interest as he / she became aware that the product or service exists.
To introduce Halo 7, a new video game, the director of marketing for Microsoft Game Studios created a complex marketing scheme that began online with an apparent War of the Worlds-style invasion. A beekeeper's Web site, ilovebees, appeared to have been overtaken by the evil force, the Covenant, with the hopes that people who visited the site would send their friends to the site. This was most likely an example of:
Answer:
viral marketing
Explanation:
Based on the information provided within the question it can be said that this was most likely an example of viral marketing. This term refers to a business strategy that focuses on using social networks and other websites and apps in order to advertise and promote a product to increase sales. Which is what Microsoft has done in this scenario in order to promote their new video game.
In Country X a returning tourist may import goods with a total value of $500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of $500. What tax must be paid by a returning tourist who imports goods with a total value of $730 ?
Answer:
$18.4
Explanation:
Data provided in the question:
Maximum value on which there is no tax = $500
Tax paid on the portion of the total value in excess of $500 = 8% = 0.08
Total value of the goods imported by the returning tourist = $730
Now,
The excess amount of portion on which the tax will be charged
= Total value of the goods imported - Maximum value on which there is no tax
= $730 - $500
= $230
Therefore,
@8% tax rate
Total tax that must be paid on excess portion i.e $230
= $230 × 8%
= $230 × 0.08
= $18.4
Spencer has an investment in two parcels of vacant land. Parcel 1 is a capital asset and parcel 2 is a § 1231 asset. Spencer already has a short-term capital loss for the year that he would like to offset with capital gain. He has a § 1231 lookback loss that exceeds the gain from the disposition of either land parcel. Spencer wants to sell only one land parcel: each of them would yield the same amount of gain. The gain that would be recognized exceeds the short-term capital loss Spencer already has. Which of the following statements is correct?
A) Spencer will have a net capital loss no metter which land percel he sells
B) spencer will have a net capital loss if he sells parcel 2.
C) spencer will have a net capital loss if he sells parcei 1.
D) spencer will have a net capital gain if he sells either parcel 1 or parcel 2.
E) None of the above.
Answer:
The correct answer is b. Spencer will have a net capital loss if he sells parcel 2.
Explanation:
When a person sells a capital asset, the sale usually results in a capital gain or loss. Capital assets include inherited assets or assets that someone owns for personal use or as an investment.
Earnings and loses. A capital gain or loss is the difference between the base and the amount that the seller obtains when selling an asset. The base is generally what the seller paid for the asset.
Solvency analysis evaluates a company's ability to a. make periodic interest payments. b. repay the face amount of debt at maturity. c. both repay the face amount of debt at maturity and make periodic interest payments. d. neither repay the face amount of debt at maturity nor make periodic interest payments.
Answer:
C) both repay the face amount of debt at maturity and make periodic interest payments.
Explanation:
Solvency ratios are used to measure a company's ability to repay its long term debt and the interests associated to it. The most currently used solvency ratios are:
total debt / total assets ratioequity ratiointerest earnedWhen a company's creditors want to analyze its ability to repay short term debt they will measure the company's liquidity, or its ability to convert short term assets into cash.
A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to the liability account Unearned Service Revenue. If the legal services have been rendered as of the last day of the accounting period, but no adjusting entry is made, this would cause
a.expenses to be overstated.
b.net income to be overstated.
c.liabilities to be understated.
d.revenues to be understated.
Answer:
D.
Revenues to be understated
Explanation:
Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.
Petite Fashions issued 500,000 of its 2 million shares of authorized common stock. At the end of the accounting period, 450,000 shares are outstanding. How many shares of treasury stock does Petite Fashions have?
Answer:
Treasury shares = $50,000
Explanation:
given data
share issued = $500,000
authorized common stock = 2 million
Shares outstanding = $450000
to find out
How many shares of treasury stock
solution
we get here Treasury shares that is express as
Treasury shares = Shares issued - Shares outstanding ....................1
put here value we get
Treasury shares = $500000 - $450000
Treasury shares = $50,000
Katherine 35 is married with two children and files as Head of Household. She lived apart from her husband for the last eight months of 2018.
What is the amount of California adjusted gross income she must have in order to be required to file a tax return?
Answer and Explanation:
Since Katherine is under 65 years of age and is the Head of Household. Therefore, in order to file a tax return, her gross income should at least be $13,400.
A public choice theorist would be most likely to say that government failure is a consequence of the__________.
Answer:
Rational behaviour of the participants of the political process.
Explanation:
Public choice theory is the theory used in economic as well as political domain as a process of decision-making. It administers the use of economics-related knowledge in the field of politics and thus, focuses on solving various political problems with the help of economic tools. While making decision-related to political issues according to the public choice theory, it is important to have adequate economics and political knowledge, and the decision should not be based on any rational behavior.
Angie’s profits for March totaled $5400. If she profited nine times more in March than in April, what were April’s profits?
A. 700$B. 48,600$C. 600$D. 900$
Answer:
C. 600
Explanation:
The computation of the April profits is shown below:
We assume that,
April profit be X
March profit is nine times than in April i.e means X × 9 = 9X
And, the March profit is equal to $5,400
which means that nine times more of April month is equal to march profit
In mathematically,
9X = $5,400
X = $5,400 ÷ 9 = $600
So, April profit is $600
Angie's profits in March were $5400, and her profits in April were $540, as she profited nine times more in March than in April. The correct answer is C. $600.
To find April's profits, we need to determine what fraction of March's profits Angie earned in April and then solve for April's profits.
Let X be April's profits. According to the information given, Angie profited nine times more in March than in April. So, we can set up the equation:
March's Profits = April's Profits + 9 * April's Profits
$5400 = X + 9X
Combine like terms:
$5400 = 10X
Now, divide both sides by 10 to find X:
X = $5400 / 10
X = $540
So, April's profits were $540.
The correct answer is C. $600.
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Transaction brokers: A. provide online meeting places where people with similar interests can communicate. B. save users money and time by processing online sales transactions. C. sell physical products directly to consumers or individual businesses. D. provide a digital environment where buyers and sellers can establish prices for products. E. generate revenue from advertising or from directing buyers to sellers.
Answer:
D. provide a digital environment where buyers and sellers can establish prices for products.
Explanation:
Transaction brokerage provides a third party service to buyers and sellers. One distinguishing feature of transaction brokerage is neutrality. He or she is neither a buyer nor seller but an intermediary and charges a flat fee for his service.
Transaction brokers, like banks, act as intermediaries in the exchange network, whether that's online transactions or traditional banking transactions involving the lending and borrowing of money. They reduce transaction costs and create a more efficient and safer environment for exchanging goods, services, or financial assets. In addition to that, banks play a vital role in money creation.
Explanation:Transaction brokers primarily function as intermediaries in the exchange of goods, services, or financial assets online. A similar concept can be seen in the role of banks as financial intermediaries in the economy. They facilitate transactions between savers who deposit their money and borrowers who seek loans, reducing the transaction costs associated with finding a lender or a borrower directly and creating a more efficient payment system.
Banks play a crucial role not only in the exchange of money but also in money creation. Just like transaction brokers streamline online transactions, banks make financial transactions safer and more accessible. They offer various accounts to cater to different needs, such as checking accounts or interest-bearing accounts, further aiding in financial transactions.
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In the rule-making process, the legislature allows executive agencies wide latitude to make decisions within the broad requirements set out in the law. This is referred to as
Answer:
Discretion
Explanation:
In the legal system, discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.
An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.
There are some cases overruling or undermining the rule of law by imposing control.
Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.
A market-penetration pricing strategy is most suitable when Answer . A) a low price slows down market growth B) production and distribution costs fall with accumulated production experience C) a high price dissuades potential competitors from entering the market D) the market is characterized by inelastic demand E) a low price encourages actual competition
Answer:
B) production and distribution costs fall with accumulated production experience
Explanation:
A low price may slow down market growth. However, it cannot occur in the market penetration strategy because a market penetration strategy lowers the price to attract customers in a discouraging competitive market. Therefore, option "A" and option "E" is incorrect. As the penetration strategy offers a lower price, therefore, the higher price is nowhere near the option, so "C" is not correct. As the price is low, customers want to buy more, and it is not an inelastic demand. Therefore, the option "D" is wrong also.
As penetration strategy produces the products at a lower price, they can offer low selling prices. It can only happen due to the higher production experience. So, "B" is the right choice.
The most suitable situation for a market-penetration pricing strategy is when production and distribution costs fall with accumulated production experience, as this allows for sustained low pricing while achieving economies of scale.
Explanation:The question asks which scenario best suits a market-penetration pricing strategy. The correct answer is B) production and distribution costs fall with accumulated production experience. Market-penetration pricing is a strategy designed to enter a market with a low initial price point to attract a large number of customers quickly and secure a significant market share. This strategy works effectively in situations where the costs of production and distribution decrease as the volume of production increases, due to economies of scale. This allows the company to maintain or even improve its profit margins over time despite the low price.
Options like discouraging competitors through high prices or targeting markets with inelastic demand represent different strategies and don't align with the foundational goals of market-penetration pricing. On the other hand, achieving cost reductions through scale enables a company to sustain low prices and deter new entrants, making it the most suitable scenario for market-penetration pricing.
ABC Inc. has a dividend yield equal to 3 percent and is expected to grow at a 7 percent rate for the next seven years. What is ABC's required return?
A. 10 percent
B. 11 percent
C. 4 percent
D. 5 percent
Answer:
option (A) 10 percent
Explanation:
Data provided in the question:
Dividend yield = 3 percent
Expected growth rate = 7 percent
Therefore,
The ABC's required return will be
= Dividend yield + Expected growth rate
or
The ABC's required return = 3% + 7%
or
The ABC's required return = 10%
Hence,
The ABC's required return is option (A) 10 percent
ABC Inc.'s required return is 10 percent.
Explanation:To calculate ABC Inc.'s required return, we can use the Gordon Growth Model, which is a formula used to estimate the value of a stock. The formula is Required Return = Dividend Yield + Dividend Growth Rate. Given that ABC Inc. has a dividend yield of 3 percent and is expected to grow at a rate of 7 percent for the next seven years, we can calculate the required return as follows:
Required Return = 3% + 7% = 10%
Therefore, ABC Inc.'s required return is 10 percent.
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Which of the following guidelines should people who maintain professional blogs follow in order to be responsive to their readers?
a. Read the comments to learn reader concerns.
b. Use a businesslike tone.
c. Run contests so readers can win small prizes.
d. Use I-statements often to establish expertise.
e. Include lots of images.
Professional bloggers should read comments for reader feedback, maintain a businesslike tone, provide navigational cues, focus on unique contributions, regularly update content, and thoroughly interpret and analyze information to be responsive to readers.
Explanation:To be responsive to their readers, professional bloggers should adhere to certain guidelines. Reading the comments is a fundamental way to learn about reader concerns and feedback. Adopting a businesslike tone can contribute to establishing the author's credibility, while ensuring content is relatable and comprehensible is equally important.
Moreover, providing readers with cues, such as clear formatting and structured writing, can help them follow ideas more efficiently and locate information of interest. Rather than expanding the scope unrealistically, bloggers should identify and leverage their unique strengths and focus on making a helpful contribution to their targeted audience.
This includes posting relevant articles, updating their profile often, and maintaining fresh status updates. Lastly, it is crucial to interpret, analyze, and explain the information, reinforcing its relevance to the reader and commenting on its credibility.
Rhonda is currently in the 12 percent tax bracket. She reports a $400 tax deduction. How will this deduction affect her tax liability?
Answer:
deduction affect her tax liability = $48
Explanation:
given data
tax bracket = 12 %
tax deduction = $400
to find out
deduction affect her tax liability
solution
we get here deduction affect her tax liability that will be express as
deduction affect her tax liability = tax bracket × tax deduction ...............1
put here value we get
deduction affect her tax liability = 12 % × $400
deduction affect her tax liability = $48
so tax liability will decrease by $48 here only credits offset tax liability per dollar
While the personal computer industry is flooded and growing with laptops and tablets, Malik recently bought a desktop, his first personal computer. He realized that a computer at home would be helpful for his children for their school projects, and he could use it to maintain the simple accounts of his plumbing business. Which of the following customer segments does Ivan best represent?
a. laggards
b, early adopters
c. early majority
d. category captains
Answer:
A. Laggards
Explanation:
Adopters Categories is the division of product consumers into various segments based on readiness or inclination to use a new product or innovation.
Laggards: This category of adopters are the slowest to try or use new products or innovations in the entire group. They are only forced to adopt when it seems like there are no other alternatives or every other person has adopted already.
Laggards who represent about 16% of consumers, only adopt new technologies when there are no traditional alternatives left. They are also very keen on ensuring reliability of product, practicality and low cost.
Laggards are conservative just like Malik in the question, while the industry is growing with laptops and tablets, he just got a desktop as his first personal computer, making him ways behind the trend in the society.
Other categories of Adopters:
Innovators: a group of consumers who are adventurous and are attracted to using new technologies because they are new.
Early adopters: this group of consumers are in charge of setting trends around a new product or innovation as they tend to create opinions about these products which others can now leverage on to adopt them.
Early majority: this group of consumers are attracted to products because of their benefits and how useful they are to their daily lives.
Late majority: Although they are like early majority, they are more skeptical to make purhcase, they prefer to test or a while before adoption
The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross profit.
a) true
b) false
Answer:
TRUE
Explanation:
The gross profit is the difference betwenethe sales revenue and the cost of good sold/manufactured
for retail companys they determinate the cost using a given inventory method like FIFO LIFO or weighted average.
Manufacturing companies will subtract from the sales revenue the cost of good manufactured which can be determinated in various ways like process, order, absorption or ABC
Canon began as a camera-making company but has since become a company that produces a wide range of office equipment in addition to cameras. Canon’s managers evidently believe in growth through:
Answer:
Canon’s managers believe in Diversity growth.
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