Answer:
$58,500
Explanation:
Net worth is the difference between total assets and total liabilities.
I.e network = Asset - Liabilities
For Louie: Assets
Inheritance $ 50,000.00
Checking account $ 1 ,500.00
Car $ 8,000.00
403 (k) $ 20,000.00
Total $ 79,500.00
Liabilities
Car loan $ 6,000.00
School fee loan $ 12,000.00
credit card $ 3, 0000.00
Total $21, 000.00
Net worth = $ 79,500- $21,000
=$58,500
What is a subset of potential customers that are perceived to have common needs and interests?
Answer:
Market segment
Explanation:
Market segment is the way toward isolating a market of potential clients into gatherings, or fragments, in view of various attributes. The sections made are made out of buyers who will react also to showcasing methodologies and who share attributes, for example, comparative interests, needs, or area.
Market incorporate interests, way of life, age, gender
When adding fields to a form, press Ctrl+F8 to show or hide the Field List.
a. True
b. False
Answer:
False
Explanation:
To show or hide the field list, when adding fields to a form, press 'ALT+F8'.
In which decision-making structure do participants typically meet, butonly interact with each other for part of the meeting?
A. Delphi method
B.Nominal group technique
C. Brainstorming
D. Constructive conflict
E. Electronic brainstorming
Answer:
The correct answer is (B)
Explanation:
Nominal group technique is an efficient decision-making method. The employees and group members make a decision collectively by discussing every possible scenario. In the nominal group technique, the members and employee write down their ideas and possible solution to the problems, and after comprehensively discussing they chose the best idea. It is considered as a good method of brainstorming.
Final answer:
The Nominal Group Technique (Option B) is the decision-making structure where participants meet and interact with each other only during certain parts of the meeting, which includes silent idea generation, sharing ideas, discussing, and voting.
Explanation:
The correct answer is B. Nominal Group Technique. The nominal group technique is a structured decision-making process that involves four key steps. Initially, each member of the group independently and silently writes down their ideas. Then, the group shares these ideas sequentially, ensuring everyone's contributions are heard. Following the idea generation, a discussion phase allows members to ask questions and clarify points about each idea, facilitating interaction. Finally, the process concludes with members voting on their preferred ideas.
This method is specifically designed to combat problems such as social loafing and to foster an environment of equal participation, which is why it is structured with parts of the meeting where interaction between members is limited to discussing and clarifying rather than continuous interaction.
A construction company has 12 workers who are paid minimum wage. The company wants to reduce costs because there is less work. Which option would be more effective?
A) Have the workers work more quickly
B) Hire workers who are not as skilled
C) Reduce the amount workers are paid
D) Select several workers to be laid off
Answer:
D) Select several workers to be laid off
Explanation:
As we know that the construction company has 12 workers who are paid minimum wage. But the company wants to reduce costs because there is less work then the company has to select several workers to be laid off though the companies costs will be saved. As the company has less work if the company will make the workers work more quickly, then also the company has to pay the wage of the workers. But if the company will the choose option 'D' it will help the company to save its costs.
Selecting several workers to be laid off is likely the most effective option for a construction company to reduce costs while maintaining work quality, as reducing wages could lead to the loss of its best employees.
To decide which option would be more effective in reducing costs for a construction company with workers paid minimum wage, consider the following analysis:
Having the workers work more quickly might not be sustainable or safe, especially in the construction industry.
Hiring workers who are not as skilled may reduce the quality of work and potentially increase costs due to mistakes and rework.
Reducing the amount workers are paid is not feasible if they are already on minimum wage, as this would be illegal.
Laying off several workers could be the more effective route, aligning the workforce size with the current demand for work. This option is also supported by the adverse selection of wage cuts argument, which suggests that if wages are reduced across the board, the most skilled workers may leave, leaving the company with less capable staff.
Therefore, selecting several workers to be laid off (Option D) is likely the most effective option presented for reducing costs while maintaining the quality of work
A new triage team is being brought onto Salesforce and needs to have separate case statuses. How can this requirement be met?1. Create a new field2. Add new values to the "Status" field3. Create a new Support Process4. Create a new record type
Answer:
The correct answer is number "3": Create a new Support Process.
Explanation:
Support processes have are meant to ensure the main processes of the company's operations will work. In Salesforce, they can be created by going to "Setup" and selecting "Support Processes". After clicking "New", we should rename the support process. Finally, we must tap the "Save" button so the changes are stored.
The expenditure approach to GDP is a calculation that separates output by each of the _________ major sectors of an economy.
Answer:
4
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period.
GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.
I hope my answer helps you.
Large aircraft producers such as the Boeing Company normally use: Select one: a. Job order costing. b. Process costing. c. Mixed costing. d. Full costing. e. Simple costing.
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
Large aircraft producers such as the Boeing Company typically use a. job order costing for their manufacturing process.
Explanation:Job order costing is a cost accounting system used by businesses to allocate production costs to specific custom-made or unique products or services. It involves tracking the costs associated with each individual job or project, such as materials, labor, and overhead, to determine the total cost of producing a specific unit or batch of products. This method is commonly used in industries where products or services are customized to meet unique customer requirements, such as construction, printing, and custom manufacturing.
Job order costing provides detailed cost information for each job, aiding in pricing decisions and financial analysis. The large aircraft producers such as the Boeing Company typically use job order costing for their manufacturing process. Job order costing involves allocating the costs of materials, labor, and overhead to specific products or batches of products. This method allows for accurate tracking of costs for each individual order or product, which is important for large and complex projects like aircraft manufacturing.
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Emily is her family's kinkeeper. This means that she assumes responsibility for _____. the financial stability of the family caring for her grandchildren while their parents work gathering the family for holidays and disseminating information regularly visiting family members who live in care homes
Answer:
Gathering the family for holidays and disseminating information.
Explanation:
Emily is the kinkeeper of the family, which means she is the one who is responsible for nourishing the family members. Emily is liable to gather family member on different family occasions. Kinkeeper is also responsible for almost every family problem. Kinkeeper generally provides all the information to the member regarding family background and traditions.
The disaster recovery plan focuses on technology recovery and identifies the people or the teams that are responsible to take action in the event of a disaster, what exactly these people will do when a disaster strikes, and the information system resources required to support critical business processes
A. True
B. False
Answer:
The correct answer is A. True
Explanation:
Disaster recovery plan refers to the processes set up by a company to ensure business continuity in the event of a natural or man-made disaster.
A good example of disaster recovery in an organization (like a bank) is the setting up of auto-replicating IT infrastructure in a different global region so that if the first region fails, the other region can instantly take over and prevent the bank's business from collapsing.
Fill in the blanks with words that would best complete the passage.avoidance, contractual, abeyance, indemnification, principal, criminal, agent, constructive trustThe principal has several remedies available, including ___ for breach of fiduciary duties and ___ remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the ___ and will be considered held in ___ for the principal. If the agent breaches the agreement, the principal also has a right of ___. Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for ___ .
Answer:
Constructive trust, contractual,
principal, constructive trust, avoidance,
indemnification
Explanation:
Constructive trust is a fair remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to a breach of fiduciary duty.
For misrepresentation, negligence, deceit, libel, slander or trespass by an agent contractual remedies may be applied such as; award of damages, restitution, or specific Performance.
The agency relationship is an arrangement in which one entity (the principal) legally appoints another (the agent) to act on its behalf, so anything that the agent obtains by virtue of the agency relationship belongs to the principal.
A constructive trust is imposed by a court If an agent breaches his or her fiduciary duty to the agent by retaining benefits or profits that belong to the principal. It would be Implied that the agent held the thing on the principal’s behalf.
Avoidance here implies that a principal can avoid or stay away from the contract.
Indemnification sometimes mandates an agent to indemnify (compensate, protect) the principal from the damages.
Sonia opened a yoga studio where she teaches classes and sells yoga clothing. Fixed costs for Sonia's yoga studio include the cost of the
A.) Tank tops
B.) Wages paid to the other yoga instructors
C.) Lease on the studio space
D.) Insurance that the landlord requires Sonia to carry for the studio.
Answer:
C.) Lease on the studio space
D.) Insurance that the landlord requires Sonia to carry for the studio.
Explanation:
Fixed cost are costs that do not change with the level of output.
These costs are incurred whether or not people come to Sonia's studio.
Variable costs are costs that change with the level of output. If output rises, variable cost increases and falls if output reduces. In this question, the variable costs are the costs of tank tops and wages paid to the other yoga instructors.
I hope my answer helps you.
Fixed costs in Sonia's yoga studio business, such as the lease on the studio space and insurance required by the landlord, are expenses that remain constant regardless of business activity. These costs are pivotal in planning and managing financial commitments for the sustainability of the business.
The question pertains to fixed costs in Sonia's yoga studio business. Fixed costs are expenses that do not change with the level of production or sales and must be paid regardless of the business's activity level. Examples of fixed costs for Sonia's yoga studio include the lease on the studio space and the insurance required by the landlord. The cost of tank tops would be a variable cost because it fluctuates based on the quantity sold. Similarly, wages paid to other yoga instructors are variable costs because they can vary with the number of classes taught or total hours worked.
In the context of business operations, understanding the distinction between fixed and variable costs is crucial for managing expenses and making informed decisions about pricing, scaling operations, and planning for profitability. Fixed costs like the lease and insurance represent ongoing financial commitments that Sonia must manage to ensure the sustainability of her yoga studio business.
Antwon manages a sheet metal shop, and he constantly looks for classes for his employees to take, searches for online videos describing better fabricating methods he can share with his employees, and tries to promote from within the shop. Antwon is engaging in ______
Answer:
The answer is b) Developmental Consideration. And how does this development occurs? Through Learning. More specifically Self Learning. In addition we can describe Antwon as a Lifelong Learner as well.
Explanation:
As you can see, Antwon is not guided by any one. He is looking for new ways and new knowledge all by himself to improve and develop his business. Moreover, he wants to share this new knowledge with his employees and improve their performance as well.
we can see all the qualities and characteristics of a learner from him, Self Motivations, Curiosity, voluntary action taking and sharing.
Antwon is engaging in professional development by promoting learning and skill development in his sheet metal shop.
Explanation:The activity described in the question is the promotion of learning and skill development in the workplace, which is known as professional development. It is the process of acquiring new knowledge, skills, and competencies to enhance one's career and improve job performance. Antwon's actions align with the goal of professional development, as he actively seeks opportunities for his employees to learn and grow, both through formal classes and informal learning resources. By promoting from within the shop, Antwon also demonstrates a commitment to nurturing talent and providing opportunities for advancement.
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Learning arises from a four-way interaction between (1) consumers’__________; (2) __________ (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
Answer: The correct answers are "motives" and "stimuli".
Explanation: Learning arises from a four-way interaction between (1) consumers’ motives; (2) stimuli (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
A subset of brands from a particular product category that becomes the focal point of a consumer's evaluation is an:_________
a. evaluative set.
b. consideration set.
c. brand focus.
Answer:
b. consideration set.
Explanation:
Consideration set by definition "is the subset of brands that consumers evaluate when making a purchase decision. Usually consumer has a limited information processing abilities and limits the comparison to a subset of brands that is termed as consideration set".
Evaluative criteria or set occurs "when a customer selects a different product, than the one they originally had in mind, by some resons like quality, price etc".
Brand Focus "is dedicated to provide our Clients with result-oriented advertising. We support our Clients to reach and compete in the global market".
And as we can see the definition that adjust to this problem is consideration subset since the consumers needs to evaluate that a given product is useful and they decide to buy and use the product.
Which of the following is NOT a reason why individuals may be tempted to buy a franchise business rather than develop their own independent business?a. the individual can try his or her own personal innovative product and service ideas inthe businessb. to obtain a well-known product or service namec. management training requirementsd. the business’s established imagee.existence of product uniformity standards
Answer:
A) the individual can try his or her own personal innovative product and service ideas in the business
Explanation:
When someone buys a franchise, they obtain a well known product or service which has to be uniform throughout all the existing franchises. Therefore an individual franchise cannot start to offer their own products or services, e.g. all Burger King restaurants should offer the same menu or at least the same regional menus. When you buy a franchise, you are buying an established business concept.
Final answer:
Individuals are not tempted to buy a franchise to test personal innovative ideas because franchises demand consistency and adherence to their proven models which is option e.
Explanation:
The reason that is NOT a motive for an individual to buy a franchise business rather than develop their own independent business is: that the individual can try his or her own personal innovative product and service ideas in the business. This is because franchises typically require adherence to established business models, including product uniformity and operational procedures. The main reasons individuals may be drawn to buying a franchise include obtaining a well-known product or service name, receiving management training, taking advantage of an established business image, and adhering to the existence of product uniformity standards.
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation
Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
According to Moore's data on how workers view their jobs, a. the higher the annual income, the more people get a sense of identity from their job. b. at lower annual incomes, few people get a sense of identity from their job.
Answer:
The correct answer is A) The higher the annual income, the more people get a sense of identity from their job.
Explanation:
Employees do not perceive their duties in the same way when they do so for a lower salary than they aspire to. This situation also affects motivation because they find as if they were giving away their time in exchange for a salary below normal.
A group is working on a development project at an organization under the guidance of their team leader. Based on accumulated facts, the group had been asked to evaluate a circumstance. Thereafter, the group realized it was time to settle and move forward. What step of group decision-making does this scenario describe?
a. dentify and clarify the goals of the decision
b. Analyze the decision to be made
c. Identify multiple options for the decision
d. Evaluate the positive and negative consequences of alternative decisions rationally
Answer:
b. Analyze the decision to be made
Explanation:
Based on the information provided within the question it can be said that the step of group decision-making being described is to Analyze the decision to be made. This is mainly being stated by them being asked to "evaluate a circumstance" meaning that a decision has already been decided and they need to analyze that decision to make sure it is exactly what they want.
The federal organization to report unprofessional health care treatment is:__________
Answer:
The Office of Inspector General (OIG) for the United States Department of Health and Human Services (HHS)
Explanation:
The OIG is responsible for preventing and detecting fraud, waste, abuse, and mismanagement in more than 300 federal health programs run by the Health and Human Services (HHS), e.g. Medicare, FDA, CDC, National Health Institutes, etc.
Several years ago, Sarah purchased a structure for $150,000 that was originally placed in service in 1929. In the current year, she incurred qualifying rehabilitation expenditures of $200,000. The amount of the tax credit for rehabilitation expenditures, and the amount by which the building's basis for cost recovery would increase as a result of the rehabilitation expenditures are the following amounts:_________
a. $20,000 credit, $180,000 basis.
b. $20,000 credit, $200,000 basis.
c. $20,000 credit, $350,000 basis.
d. $40,000 credit, $160,000 basis.
e. none of these.
Answer:
amount of the tax credit = $20,000
amount of basis for cost recovery = $180,000
Explanation:
given data
purchased structure = $150,000
rehabilitation expenditures = $200,000
to find out
amount of the tax credit and amount of building's basis for cost recovery
solution
first we get here amount of the tax credit that is express as
amount of the tax credit = 10% of rehabilitation expenditures .................1
amount of the tax credit = 0.10 × $200,000
amount of the tax credit = $20,000
and
mount of building's basis for cost recovery that is
amount of basis for cost recovery = rehabilitation expenditures - amount of the tax credit ...................2
amount of basis for cost recovery = $200,000 - $20,000
amount of basis for cost recovery = $180,000
Naomi has just arrived for her first day at work at GloboTech, a large technology company. The first thing the hiring manager, Evan, does is take her on a tour of the building, introducing her to her co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Evan leaves Naomi in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. Evan tells Naomi that he will be back in two hours to bring her to lunch with the entire team. All these activities are part of:__________
Answer: Orientation
Explanation:
The hiring manager is giving Naomi orientation on how things are done at her new work place.
The purpose of orientation in the question's illustration is to help Naomi familiarize with her new work environment and to enable her know what is expected of her in the new job role.
The Dells Cargo bank was rocked by scandal with the discovery of one million phony accounts created by employees to hit sales targets and receive bonus. After an investigation, what was discovered was the internal business ethics behavior standards were often brushed aside for profit and bonuses. What would you guess with most likely to be the main reason for ethics breaches of Dells Cargo?
A) Its various levels of management were responsible for misconduct and rule breaking setting an example for company employees
B) Its corporate system had few feedback loops to identify and report ethical inconsistence and problems
C) Its corporate code of ethics was not strict enough and was not included in employee training in a regular basis
D) Management never reprimanded employees who acted unethically
The likely to be the main reason for ethics breaches of Dell's Cargo is Its various levels of management were responsible for misconduct and rule-breaking setting an example for company employees. Thus the correct option is A.
What is Ethics?Ethics refers to moral values which guide an individual to take decisions based on the thought of being right or wrong, Being fair or unfair to reach any conclusion in any procedure.
In this case, Dell's Cargo bank was found in a Scandal by recording Of Phony accounts by their employees to reach to the sales target and receive incentives for the same.
The cause of this action taken by employees is a lack of business ethics standards by the management. The management was responsible for misconduct and rule-breaking setting as they did not pay attention to this.
Therefore, option A is appropriate.
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Walmart has a lot of power and exerts strong influence on the suppliers they buy from. This channel power is an example of a(n) __________ vertical marketing system (VMS).
Answer:
administered vertical market system
Explanation:
A regulated or administered vertical promotion structure refers to the framework in which, owing to its massive size, one participant of the manufacturing and distribution process is influential and unofficially conducts the essence of the vertical marketing network.
An illustration of such a framework may include a major retailer like Wal-Mart setting rules for tinier product manufacturers, such as a generic sort of washing detergent.
Managed vertical marketing programs do not use the delivery network's structured legal obligation and corporate control. Alternatively, one representative of the distribution platform produces adequate power to completely control the behavior of other representatives of the service offering.
ArmiLiza, a popular United States-based brand of handbags, has built a second factory in Mexico. The majority of the new factory’s employees are Mexican citizens or Honduran immigrants. On which country’s gross domestic product will the second factory’s goods be counted?
a. Honduras
b. the United State
c. They will be split among all three countries
d. They will be split between the United States and Mexico
e. Mexico
Final answer:
The goods produced by ArmiLiza's new factory in Mexico will be counted towards Mexico's GDP because GDP is based on geographic location of production. The correct answer is (e).
Explanation:
The question at hand involves understanding which country's gross domestic product (GDP) will count the goods produced by ArmiLiza's new factory in Mexico.
GDP is an economic measure that represents the total dollar value of all goods and services produced over a specific time period within a nation's borders.
Since the second factory is located in Mexico and operated there, the goods produced by this factory will count towards Mexico's GDP.
This is because GDP calculations are based on geographical boundaries, not the nationality of the workers or the location of the company's headquarters.
To illustrate with an example that mirrors the principles of production and labor allocation, consider a scenario where both the United States and Mexico have 40 workers each.
If the 40 United States workers are assigned to manufacture shoes and it takes four workers to make 1,000 shoes, they would collectively produce a total of 10,000 shoes.
If these same workers were making refrigerators, with each worker able to produce 1,000 refrigerators, the total production would be 40,000 refrigerators.
However, in both examples, the products' contribution to GDP would be based on where the production takes place, not the location of the company's headquarters or the origin of the workers.
It is the defining feature of our time. Bringing distant markets and people across the world together is a huge change that affects everyone, whether they are peasants in India, students in London, or bankers in New York. —Mike Moore, director-general of the WTO What movement is being described in the above passage?
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.
Sally Mitchell works as a manager at an environmental organization. She is currently working on a global warming project and decides what tasks related to creating awareness about the issue need to be done. In addition, she is also deciding which members of her team will work on engaging with the public and which will work on lobbying with the government. She is also assigning people as team members to ensure that tasks are undertaken on time. Which of the following categories of functions is Mitchell undertaking?A) planningB) organizingC) scrutinizingD) controllingE) envisioning
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
All of the following are EXCLUDED from the definition of an investment adviser under the Investment Advisers Act of 1940 EXCEPT:A. teachersB. engineersC. lawyersD. actuaries
Answer: D. Actuaries
Explanation: According to the investment advisers act of 1940, an investment adviser is any individual who is involved in the business of providing guidance to others with regards to investments and securities for a compensation. It is important that a person must meet the whole definition in order to be regarded as an investment adviser.
There are however, various exclusions to this definition. These people may coincidentally comply with the definition of an investment adviser, but are by law not an investment adviser. These include teachers, engineers, lawyers and accountants. Giving advice on investments are incidental to their profession and so this does not qualify them as investment adviser.
All listed professions (teachers, engineers, lawyers, and actuaries) are excluded from the definition of an investment adviser under the Investment Advisers Act of 1940, as long as the investment advice they provide is incidental to their primary professional duty. Option A, B ,C and D are correct .
Under the Investment Advisers Act of 1940, certain professionals are excluded from the definition of an investment adviser because their investment advice is incidental to their professional practice. This exclusion typically applies to professions such as teachers, engineers, bankers, and actuaries, when they offer advice that is a byproduct of their primary professional activity.
Lawyers also fall under this exemption, as long as their advice is incidental to the legal services they provide. The correct answer is that all listed options (teachers, engineers, lawyers, actuaries) are excluded from the definition of an investment adviser under the act, with the key point being that the investment advice must be incidental to their primary practice.
In the context of this question, if any professionals are exclusively providing investment advice, and it is not just incidental to their other professional services, they would not be excluded under the Act.
The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that condition.a. inflationb. stagflationc. full employmentd. none of the above
Answer:
c. full employment
Explanation:
The classical theory states that the existence of full employment is normal in economy.To classical economists, the diversion of economy from full employment is something abnormal. Classical theory states that unemployment is caused in economy due to involvement of trade union legislation and minimum wage legislation in free market system.
So the answer is c. full employment
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his engineers to speak up with their ideas for improving the company. Employees vote on their favorites and the winner takes home a cash prize. In this scenario, which of the following approaches does Oregano Systems utilize?
A. Top-down approach
B. Horizontal coordination approach
C. Bottom-up approach
D. Dual-core approach
Answer:
C) Bottom-up approach
Explanation:
The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.
In this case Hill, organizes an internal contest in order to get new business ideas.
(I) The average lifetime of a debt security's stream of payments is called duration.
(II) The duration of a portfolio is the weighted average of the durations of the individual securities, with the weights reflecting the proportion of the portfolio invested in each.
A. (I) is true, (II) false.
B. (I) is false, (II) true.
C. Both are true.
D. Both are false.
Answer:
The correct answer is C: Both are true
Explanation:
Duration is simply defined as the average lifetime of a debt security stream of payment and the duration of a portfolio is the weighted average of the duration of the individual securities, with the weights reflecting the proportion of the portfolio invested in each.