Answer: The contract cannot be rescinded by either party as it has already been executed.
Explanation: A contract is a binding agreement that is enforced by the law in some ways.
Their prior ignorance before the contract was made cannot affect future discoveries.
Anyone of them that goes beyond the contract will/can get sued.
what type of consideration does the proposed insured offer to an insurance company?
Answer:
the payment of the insurance premiums
Explanation:
Consideration in contract law refers to an exchange of something of value, e.g. I pay $5 in exchange for a hamburger.
In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.
The type of consideration offered by the proposed insured to an insurance company is payment of the insurance premium.
What is a consideration?A payment made by one party to another in exchange for the transfer of something of value is referred to as consideration. Consideration can take the form of property payment, obligation settlement, or forbearance. It must be valuable to both parties involved in a transaction. A contract can be declared invalid if valuable consideration is not included. Consideration should be measurable. Thus, an offer of money in exchange for services rendered is regarded as a valid form of consideration, whereas a promise of increased affection in exchange for a service is not quantifiable and thus is not regarded as a valid form of consideration.
A consideration is a promise of something of value made by a promisor in exchange for something of value made by a promise; the thing of value is typically goods, money, or an act. Consideration is the concept of value offered and accepted by individuals or organizations entering into contracts. Consideration can be anything of value promised by one party to the other when making a contract.
What is an insurance premium?An insurance premium is the amount of money paid by an individual or business for an insurance policy. Premium for policies covering healthcare, auto, home, and life insurance are paid. The premium is income for the insurance company once it is earned. It also represents a liability because the insurer is required to provide coverage for claims made against the policy. If an individual or a business fails to pay the premium, the policy may be cancelled.
When you purchase an insurance policy, your insurer will assess a premium. This is the cost of the insurance policy. Policyholders can pay their insurance premiums in a variety of ways. Some insurers allow policyholders to pay the insurance premium in monthly or semi-annual instalments, whereas others may require a full upfront payment before any coverage begins.
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Justin agrees to start a life-size portrait of Julia beginning November 2. On October 28 he writes to Julia that due to unforeseeable circumstances, he would not be able to perform his promise. Justin has used the doctrine of: quasi-contract. accord and satisfaction. specific performance. anticipatory repudiation.
Answer:
anticipatory repudiation.
Explanation:
Anticipatory repudiation refers to a party involved in a contract breaching the contract in advance. Through the use of anticipatory repudiation, the party that is breaching the contract declares that they are not going to perform their obligations.
In order to reduce possible damages and avoid potential losses, the party that breaches the contract has to act as quickly as they can so that the other party suffers the least possible damage or suffers the least possible losses. But still, the other party can sue for the breach of the contract and for any potential damages originated by the contract breaching.
Productivity at the Michigan branch of Brite Paper Manufacturing has decreased significantly over the last twelve months. Aiden, the branch manager, researches the problem and finds that many employees are spending significant time on social media while at work. He wants to construct a report for the company's leadership team, using the deductive approach. How should he structure the report?
Answer:
Declare the primary message. Then give supporting arguments and the conclude with a call to action.
Alfred Zeien, former chairman of Gillette, once noted that his company's Parker Pen unit does not have to develop a special model for Malaysia and Singapore because shoppers worldwide seek the same things when buying a gift that will serve the recipient as a status symbol. This insight relates to which level of Maslow's hierarchy of needs?
a. physiologicalb. safetyc. sociald. esteeme. self-actualization
Answer: esteem needs
Explanation: The need for trust relates to the need for respect, self-esteem, and self-confidence. The need for esteem is the basis for the human desire that others must accept and appreciate.
In our lives, we engage in activities that give us a sense of accomplishment, whether personally or as passions. It can cause issues with self-esteem and inferiority if you are unable to satisfy your confidence needs.
In the given case, the company knows that everyone shares gifts with the intention of being appreciated by others. Hence we can conclude that the given case depicts esteem needs.
Final answer:
Alfred Zeien's observation about Parker Pen's global appeal aligns with the esteem level on Maslow's hierarchy of needs, which encompasses the desire for respect, status, and recognition.
Explanation:
Alfred Zeien's insight about the Parker Pen unit not needing to develop a special model for Malaysia and Singapore because shoppers worldwide seek the same things in a status-symbol gift relates to esteem in Maslow's hierarchy of needs.
Esteem needs refer to the human desire for acceptance, respect, and valued by others, which is fulfilled by the ownership of prestigious products or symbols of success. Such products convey a certain status and hence cater to the esteem level of needs on Maslow's hierarchy.
Which business model sells goods or services to buyers who then resell or use them for business purposes?
The _______sell goods or services to buyers who then resell or use them for business purposes.
Answer:
wholesalers, distributors and manufacturers.
Explanation:
The wholesalers, distributors, and manufacturers trade goods or services to consumers, which then resell or utilize them for trading persistence. Resellers purchase goods in a large amount from other companies such as wholesalers, distributors, and manufacturers. Later they trade the singular factors to purchasers, at a favorable cost. Thou won’t gain enough hype throughout reselling. That’s the conventional method of retailing, which we distinguish from most utmost huge mall storehouses autonomous independent online stores.
Answer:
distributors
Explanation:
How much total deferment time are you allowed over the life of your loan?
Answer:
depends solely on the type of deferment that you are applying for
Explanation:
Since deferment time is in regards to student loans then we can say that, in student loans depends solely on the type of deferment that you are applying for. The two most common types of deferments are based on financial hardship or unemployment. These two types of deferments allow you to defer only three years
The __________ - method of tax reporting provides more flexibility to time income and deductions by accelerating or deferring payments
Answer:
The Cash Method
Explanation:
The cash accounting method records income when cash is received and expenses incurred in cash. As the basis of accounting, income is deducted when expenses are deducted regardless of the alternative method of accounting for income items when it is earned.
Two main advantages of the cash method of calculation:
(1) The cash method comes with faster or delaying payments and gives businesses more flexibility in terms of withdrawals
(2) ease of bookkeeping in accounting.
The company you work for is considering moving its email server to a hosting company. This will help reduce the cost of hardware and server administration at your local site. Which document formally states the reliability and recourse if reliability isn’t met?
Answer: Server level agreement (SLA)
Explanation:
An SLA is an agreement between the service provider and its client. This ensures that quality, service, reliability and resources are met. SLA binds the service provider to honor the agreement.
Answer:
A Service Level Agreement
Explanation:
The Service Level Agreement is a document that clear states and lays out the criteria for the level of servcie a supplier is to provide to a consumer. The SLA contains laid out metrices to ensure that suceh services can be assessed in order to either penalize deviations or allow for remedies should in case, the service level expected is not met. It can be between various departments in an organisation ro between various organisations.
In case of the question, the SLA is a document that specifies the level of service the company is to expect from the hosting company. The SLA formally states the level of reliability the client should expect and the penalties or remedies to be expected if such reliabilitis are not met.
If you involve students in writing rules, you must leave classroom policies to their discretion.A) TrueB) False
Answer:
B) False
Explanation:
Students must have liberty to express his/her thought and their input is very valuable, however, rules need to followed by everyone and teachers should have ultimate authority in classroom to maintain decoram of classrrom. School´s rules and procedure must be incorporated into the classroom management system as well. There are certain behaviours that is forbidden in classroom or any part of school campus. Adminstrative procedure need to be controlled during classes.
As the Industrial Revolution came to the United States, most firms operated in a(n) ____ orientation
Answer:
Production Orientation
Explanation:
As the industrial revolution came to the United States, stringent economic conditions as a result of the period from the 1920s through the 1940s made so many organizations to fail despite the fact that they operated in a production orientation. This made companies to begin to search for other way to ensure the possibility of the exchange.
American settlers angered Mexican officials by refusing to convert to Catholicism and violating the Mexican ban on ____________.
Answer:
slavery
Explanation:
American settlers angered Mexican officials by refusing to convert to Catholicism and violating the Mexican ban on slavery.
American settlers feel angry for mexian official because they reject to shift toward Catholicism and also refuse the Mexian ban on slavery.
Foster enters into an agreement with Grab n' Eat Burgers, Inc., to operate a franchise in Home Town. Later, Grab n' Eat grants franchises to others within the same territory, causing Foster to suffer a significant loss in profits. In Foster's suit against Grab n' Eat, Foster's best argument is that the franchisor
a. violated the implied covenant of good faith and fair dealing.
b. charged Foster a franchise fee.
c. violated the antitrust laws.
d. granted Foster the first Grab n' Eat franchise in Home Town
Answer:
a.
Explanation:
Based on the information provided within the question it can be said that Foster's best argument is that the franchiser violated the implied covenant of good faith and fair dealing. This covenant is a presumed agreement that both parties that enter a contract will be honest, fair, and will conduct everything in good faith. Which Grab n' Eat has not done since they purposely granted franchises to others in the same area knowing the negative effect it would have on Foster.
The correct choice is A. Foster's best argument is that Grab n' Eat violated the implied covenant of good faith and fair dealing by granting additional franchises in his territory, causing significant financial loss.
The correct choice is A . Foster's strongest argument in a lawsuit against Grab n' Eat Burgers, Inc., is that the franchisor violated the implied covenant of good faith and fair dealing. This covenant is an obligation inherent in all contracts, ensuring that both parties act honestly and fairly toward one another. If Grab n' Eat granted additional franchises in Foster's territory without consideration of Foster's interests and potential profit losses, it can be seen as an act of bad faith which breached their agreement.
Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which legal responsibility should she address?
A.
arrange an informal meeting with the customer
B.
organize a success party for the department
C.
disclose all confidential information about the organization to the customer
D.
ensure that she credits the loan amount accurately to the customer’s account
E.
show the customer a list of people who defaulted on similar loans
Answer:
D. ensure that she credits the loan amount accurately to the customer’s account
Explanation:
Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.
A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?
Answer: The rate of interest is 7.18 %
Explanation:
To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:
[tex]A=P(1+\frac{R}{n})^{nT}[/tex]
A = Amount after time period 'T' = $100,000
P = Principal amount = $50,000
R = rate of interest = ?
n = Number of times interest applied per time period = 1 (annually)
T = time period = 10 years
Putting values in above equation, we get:
[tex]100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718[/tex]
Calculating the rate of interest in percentage:
[tex]\Rightarrow R\times 100=0.0718\times 100=7.18\%[/tex]
Hence, the rate of interest is 7.18 %
Ownership concentration is determined by both:________ a. the number of outside directors and total percentage of shares they own. b. the number of stockholders and the parties they represent. c. the number of stockholders and total percentage of shares they own. d. the number of outside directors and the parties they represent.
Answer:
b.
Explanation:
Ownership concentration refers to the internal governance mechanism where the owners of the company/firm/business (shareholders) can control and thus influence the direction that the company takes in order to protect their own interests. Therefore the ownership concentration is determined by both the number of stockholders and the parties they represent.
Ownership concentration refers to the number of shareholders and the total percentage of shares they own in a firm. The governance structure of a company helps ensure it's run in the best interest of the shareholders. However, in practice, top executives often have a significant role in choosing board member candidates.
Explanation:Ownership concentration in a firm is determined by the number of shareholders and the total percentage of shares they own (option c). For instance, in a public company, the firm is owned by shareholders who buy and sell stock. These shareholders, who can number in the thousands or even millions, elect a board of directors to manage the firm. The more stock a shareholder owns, the more votes they have in electing the board of directors.
It's important to note that the company's governance structure ensures the firm is run in the interest of the shareholders (the true owners). However, the top executives usually have a significant role in choosing the candidates for the board members. This is largely because most shareholders may not have sufficient knowledge or incentives to nominate alternative board members themselves.
While we have talked about public companies, it's worth mentioning that private companies can also have concentrated ownership. These are often owned and run by individuals or a group.
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Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows.Will's dominant strategy in this game is to:
Answer:
Not build the fence
Explanation:
If Will decides to build the fence, then Grace will earn a higher payoff by not helping to build the fence, and if Will decides to not build the fence, then Grace will earn a higher payoff by also not building the fence.
Equilibrium = No fence
Final answer:
Will's dominant strategy is not to build the fence.
Explanation:
In this game, Will and Grace have two strategies: either build the fence or not build the fence. Will's dominant strategy is to not build the fence. This is because if he chooses to build the fence, he would have to pay $150 (half of the total cost) and his payoff would be -$100 (his valuation of the fence is -$250).
On the other hand, if he chooses not to build the fence, he would have a payoff of $0 (his valuation of the fence is $0). Grace will receive a larger payout if Will chooses to build the fence rather than assist with its construction, and she will receive a bigger payout if Will chooses not to build the barrier. Therefore, his dominant strategy is to not build the fence.
In the circular flow of economic activity, there are two kinds of markets in which firms and households interact. In the factor market:___________
Answer: Goods and the services are exchanged
Explanation:
The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.
In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.
Therefore, Goods and the services are exchanged is the correct answer.
Anthony picked up a package of paper plates and noticed that there was a coupon stuck onto the package that stated, "Save 50 cents now!" When he went to the checkout, the cashier removed the coupon and gave him the 50 cent discount.
Which type of coupon did Anthony receive?
a. on-pack coupon
b. in-pack coupon
c. online coupon
d. shelf-delivered coupon
e. instantly redeemable coupon
Answer:
e. instantly redeemable coupon
Explanation:
Instantly redeemable coupon -
It is the type of coupon , which is provided along with the goods or services , the person opt for , is referred to as instantly redeemable coupon.
This coupon , can be applied easily at the time of purchase and hence can avail the given discount.
These coupons are given , in order to attract more customers and increase the production.
Cyclical unemployment:_________
A.occurs even when an economy is producing at a point on its production possibilities frontier.
B.occurs only during a recession.
C.tend to occur when an economy experiences inflation.
D.is a part of an economy's natural rate of unemployment.
Answer: Occurs only during a recession.
Explanation:
Cycling unemployment is a kind of unemployment where company lay-off workers because they can't meet up with their payments: as a result of a general drop in the demand for goods and services in the economy of country.
Cyclical unemployment are very common in recessions as companies then massively drop workers in their establishment due to general low economic activities.
All of the following are exempt transactions under the Uniform Securities Act EXCEPT non-issuer transactions in stocks listed on the:
A. American Stock Exchange (NYSE American)
B. Toronto Stock Exchange
C. Mexico City Stock Exchange
D. NASDAQ Stock Market
Answer: C. Mexico City Stock Exchange
Explanation:
According to the regulatory authority, SECP (securities and exchange commission), has states an Act whereby the Mexico City Stock Exchange is not exempt from non-issuer transactions in stocks listed.
The correct answer is C: Mexico City Stock Exchange. It is not exempt under the Uniform Securities Act for non-issuer transactions, unlike stocks listed on national exchanges such as NYSE American and NASDAQ.
Under the Uniform Securities Act, certain transactions are considered exempt, meaning they do not require registration. One example of an exempt transaction is a non-issuer transaction in stocks listed on a national securities exchange such as the American Stock Exchange (NYSE American) or the NASDAQ Stock Market.
However, stocks listed on international exchanges, such as the Toronto Stock Exchange or the Mexico City Stock Exchange, are not included in these exemptions.
The rise in unemployment that occurs because of a recession is known as cyclical unemployment, because it is closely tied to the ______________.
Answer:
Business cycle
Explanation:
Cyclical unemployment is when employment level changes with the business cycles. Unemployment increases when there's a downturn in the economy and reduces when there's an upturn in the economy.
During downturns, firms demand for labour falls and unemployment increases.
During a boom, firms demand for labour increases and unemployment falls.
I hope my answer helps you
Cyclical unemployment refers to the rising rate of unemployment during a recession due to the impact on the labor demand curve and wage stickiness. Government policy can alleviate cyclical unemployment by stimulating overall buying power.
Explanation:The rise in unemployment that occurs as a result of a recession is known as cyclical unemployment.
This phenomenon is closely tied to the economic cycle. During a recession, the overall state of the economy affects the labor demand curve and due to stickiness in wage reductions, rates of unemployment rise. The unemployment rate tends to drop during economic expansions.
Cyclical unemployment is usually a short-term problem. Government intervention, such as fiscal policy geared towards stimulating overall buying power, could be used to alleviate the issue and thus, reduce cyclical unemployment by making firms more eager to hire.
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Stonybrook Organics—famous for its organic yogurt—came out with an advertisement that showed an idyllic setting of a cow resting comfortably in front of a barn. The headline read, "Grant a Farmer's Wish." The Stonyfield logo was at the top left. This is most likely to be what type of advertising? a. Pioneer advertising b. Institutional advertising c. Competitive advertising d. Product advertising e. Comparative advertising
Answer: institutional advertising
Explanation: Institutional advertisement, also known as corporate advertising, is any kind of advertising supporting a company, corporation, institution or similar entity.
The corporation is marketing itself rather than its brand in corporate advertising. The thing to keep in mind here, nevertheless, is that organizational marketing is not meant to specifically sell something.
Instead, it attempts at creating a business identity and building respect for the company and educating customers about the organization's ideology. It mostly tells the public at large about the institution's work in the fields of wellness, schooling, climate, and other similar fields and attempts to build the company's reputation.
Suppose the Tampa Bay Rays baseball team charges $10 for bleacher seats (low quality seats in the outfield) and sells 250,000 of them over the course of the season. The next season, the Rays increase the price to $12 and sell 200,000 tickets.a. What is the price elasticity of demand for bleacher seats at Raysâ games?b. Assuming the marginal cost of admitting one more fan is zero, is the price increase a good idea
Answer and Explanation:
(a) ε = %ΔQ/%Δp
= ((200,000 − 250,000)/250,000)/((12 − 10)/10)
= −1.00.
Demand is unit elastic since | ε | = 1.00. Alternatively, if a price increase of 20 percent leads to a 20 percent decline in ticket sales, the elasticity is −20/20 or −1.00.
(b) The price increase is not a good idea . Total revenues have fallen from $2,500,000 = (250,000)(10) to $2,400,000 = (200,000)(12). Anytime elasticity is greater than one, an increase in prices will result in a drop in total revenue.
The price elasticity of demand for bleacher seats at Rays' games is -1, indicating that demand is unit elastic. Therefore, the price increase is not a good idea as it will result in fewer ticket sales.
Explanation:The price elasticity of demand for bleacher seats at Rays' games can be calculated using the formula:
Price Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)
In this case, the % change in quantity demanded is (200,000 - 250,000) / 250,000 = -20%, and the % change in price is ($12 - $10) / $10 = 20%. Plugging these values into the formula, the price elasticity of demand for bleacher seats is -1.
Since the price elasticity of demand is -1, it means that demand is unit elastic. This implies that a 20% increase in price leads to a 20% decrease in quantity demanded. Therefore, the price increase is not a good idea as it will result in fewer ticket sales.
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As the "central bank" for the United States the _________________ is the primary manager of the money supply.
a. U.S. Mint
b. Bureau of Engraving
c. U.S.Treasury
d. Federal Reserve
e. Federal Reserve
Answer: (D) Federal reserve
Explanation:
In the united states, the federal reserve is basically created by the congress in the year 1913 for providing the financial system and also the stable monetary and it is basically refers as the central banking system.
According to the question, the federal reserve is works as the primary manager in the form of Central bank in the united state for the purpose of money supply.
The main function of the federal reserve is that it basically regulated the financial institutions and also managing the nation's economy and the interest rate. Therefore, Option (D) is correct.
What is the head term in the title "Official guide to creating a mobile marketing strategy in 2019"?
Answer:
Mobile Marketing
Explanation:
Mobile marketing strategy is a digital marketing strategy which satisfy the needs of mobile devices users e.g smartphones and tablets. For these mobile devices, contents like websites, MMS, emails, messages mare framed to give them an excellent user experience. The size and user interface of a mobile phone is small compared to desktop. So that has to be in consideration when trying to offer any solution to meet their needs. Adverts of products are uploaded on sites where users visits regularly. It is different from the traditional post bill board, posters, flyers and cards.
Still images, catchy phrases, and graphic animations are used to attract the attention of users. These will make them to want to click further thereby making them potential buyers of such products and services.
Mobile marketing is important to business because mobile users are increasing daily and yearly. Majority of what a desktop can do ,can be replicated on a mobile device.
Final answer:
The head term in the title is "mobile marketing strategy," indicating the main focus of the content. It is important for targeting the content to the proper audience and creating a successful search strategy for optimal SEO placement.
Explanation:
The head term in the title "Official guide to creating a mobile marketing strategy in 2019" refers to the primary keyword or phrase that the content is focused on. In this case, the head term can be identified as "mobile marketing strategy." This term indicates the subject matter and the core focus of the content, which can be described as a guide designed to help businesses or individuals create an effective plan for marketing on mobile platforms in the year 2019. By using such a specific head term, the content can target an audience interested in learning about current best practices and considerations for mobile marketing within a global market context. Furthermore, ensuring the right subject headings and keywords are used is essential for creating a successful search strategy that positions content effectively within search engine results.
Two construction companies, Dakota and Carolina, are in the construction business. Each owns a tract of land being held for development, but each company believes that the other's land is better suited to enhance the success of each planned development. Accordingly, they agree to exchange their land and have the following information:
Dakota's Carolina's
Land Land
Cost and book value $400,000 $250,000
Fair value based upon appraisal $500,000 $450,000
The exchange of land was made, and based on the difference in appraised fair value, Carolina paid $50,000 cash to Dakota.
Refer to Exhibit 10-1. After the exchange, Dakota should record its newly acquired land on its books at
a. $400,000
b. $300,000
c. $500,000
d. $450,000
Answer:
d. $450,000
Explanation:
Land of both Dakota and Carolina will be recorded on fair value rather than their cost or book value in their books.
Dakota will record Land at $500,000 and
Carolina will record Land at $450,000
On Exchange Dakota will get $50,000 as cash and Land valued on $450,000
So Dakota will record its newly acquired land in its books on fair value i.e $450,000
_____________ Theory considers that fluctuations in economic activity are due to changes in effective demand (Aggregate Demand)a) classicalb) marxianc) say'sd) keynesian
Keynesian Theory considers that fluctuations in economic activity are due to changes in effective demand
Option "D"
Explanation:
The theory of overall economic expenditure and impacts on output and inflation is the Keynesian economics.
Throughout the 1930s, Keynesian economics was founded in an effort to understand the Great recession by the British theorist John Maynard Keynes. In order to encourage demand and to draw out the global economy of anxiety, Keynes advocated increased government spending and lower taxes.
Keynesian theoreticians say this process is broken, so market growth is more erratic and vulnerable to extreme fluctuation. Without interference. Keep low-interest rates is an effort to encourage companies and people to borrow more money in order to encourage the business cycle. Borrowing is allowed to often increase expenditure for companies and individuals. These new expenditure boost the economy.
ou have just received seed money for a new e-commerce business and you want to hire a dozen people with a lot of creative potential. To hire the most creative people, you would select applicants who: select one:a. Have no experience in this industry, have high analytic intelligence, and have a relatively low need for achievement.b. Has above-average intelligence, is persistent, has subject-matter expertise, and an inventive thinking style.
To hire the most creative people for the new e-commerce business, I would select applicants who have above-average intelligence, are persistent, possess subject-matter expertise, and exhibit an inventive thinking style (option b).
Explanation:In the context of hiring for a new e-commerce business that requires creativity, selecting individuals with above-average intelligence is crucial. Intelligence is a fundamental trait linked to problem-solving abilities and innovation. Additionally, persistence is vital for overcoming challenges and pushing through creative blocks, contributing to sustained creativity over time. Subject-matter expertise ensures a deep understanding of the industry, allowing for more informed and innovative contributions. Lastly, an inventive thinking style suggests a capacity for original and novel ideas, which is essential for driving creativity in an e-commerce setting.
Choosing individuals with high analytic intelligence aligns with the need for problem-solving skills in the dynamic landscape of e-commerce. Analytic intelligence involves logical reasoning and critical thinking, attributes that are valuable for navigating complexities in the industry. On the other hand, selecting applicants with a relatively low need for achievement might hinder the drive and ambition required for success in a competitive e-commerce business. Therefore, the combination of above-average intelligence, persistence, subject-matter expertise, and an inventive thinking style provides a well-rounded approach to hiring individuals with the creative potential to contribute significantly to the success of the new e-commerce venture.
Jana has offered to conduct a card-sort to help with user testing for your company’s new website. What is Jana hoping to determine with a card-sort?
Answer:
Your Site's Navigation
Explanation:
Card sorting is one such technique that has been used for many years due to its reliability and effectiveness
Card sorting is a method used to help design or evaluate the information architecture of a site. In a card sorting session, participants organize topics into categories that make sense to them and they may also help us to label these groups. To conduct a card sort, we can use actual cards, pieces of paper, or one of several online card-sorting software tools.
Refer to Scenario 15.1. The campaign was so successful that Rick decided to host a special event to announce the winner. On the day of the event he invited the media to film the event. The CEO of the firm named the finalists and then called out the winner. This all occurred with much fanfare. An illustration of the proposed product with a short description was provided to reporters to publish in the paper. This campaign is an example of _____________________.
Answer: Public relations
Explanation: Public relations is the technique of maintaining the dissemination of information deliberately between an individual or group of individuals and the citizenry.
Public relations may include a company or person that uses subjects of public interest and media articles that do not involve direct payment to be exposed to their audiences.
In The given case, Rick was intentionally using media sources for making people aware and interested towards his project. Hence we can conclude that the given case is an example of public relations.