Answer:
Big Five model
Explanation:
The Big Five model also known as the Five Factor Model (FFM) or Ocean or Canoe model is a way of grouping human behavior/traits. This behavior or traits are subject to relationship between words.
The Ocean or Canoe (OCEAN/CANOE) abbreviation is a combination of the first letters of the words of the the five(big five) traits.
Openness to experience, Conscientiousness, Extroversion, Agreeableness, emotional stability(Neuroticism). It can also be rearranged to form CANOE as well.
This five traits are also affected by the upbringing or family cultures as well. Anyone described with any of the above word is most likely to have attributes that exemplify the meaning of the words.
I hope this helps.
Final answer:
The correct answer is option B: Big Five Model.
The Big Five model is a personality assessment model that encompasses the five basic dimensions of human personality: extroversion, agreeableness, conscientiousness, emotional stability, and openness to experience.
Explanation:
The personality assessment model you have described is the Big Five model. It represents a significant approach to understand variations in human personality by identifying five broad personality traits.
These five traits are:
openness to experience, characterized by imagination and curiosity; conscientiousness, highlighting qualities like self-discipline and organization; extroversion, associated with sociability and assertiveness; agreeableness, indicating a tendency to be cooperative and pleasant; and neuroticism (also known as emotional stability), reflecting the degree of emotional stability and confidence one possesses.These traits are often remembered using the mnemonic OCEAN.
Each of these is measured on a continuum, reflecting the degree to which an individual exhibits these characteristics.
The correct answer to the question is: B) Big Five model
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job.
a. True
b. False
Answer: True.
Explanation:
The Hawthorne effect explains that workers tends to put in more effort when they are aware that they are being monitored, therefore the restaurant can use the Hawthorne effect to achieve more productivity from their workers.
_________ is a concept that is unique to each organization and is the total sum of all tangible and intangible elements
Answer: Business value
Explanation:
The business value is the term which refers to the all the organizational values such as integrity, innovation, passion, determination and the respect.
The business value is basically measured on the basis of monitory term and also depends upon the actual requirement of an organization. It is the process of total sum of all the tangible and the non tangible elements in the system.The following are are the different forms of the business value is an organization are as follows:
Managerial valueSupplier valueSocietal value Customer value
Last year, Ace Electronics had credit sales of $1,500,000. The average accounts receivable balance last year was $250,000. What was the receivables turnover ratio for Ace Electronics last year?
Answer:
6 times
Explanation:
The formula and the computation of the receivables turnover ratio is shown below:
Account receivable turnover ratio = (Credit sales) ÷ (Average accounts receivable balance)
= ($1,500,000) ÷ ($250,000)
= 6 times
We simply divided the credit sales by the average account receivable balance so that the receivables turnover ratio could arrive
Property A is a self storage facility with a going cap rate of 6.0%. Property B is an office building with a going cap rate of 6.0%. If both properties produce the same NOI, which property is worth more...?
Answer:
Worth of both the property will be same.
Explanation:
Data provided in the question:
Cap rate for the Property A which is a self storage capacity = 6%
Cap rate for the Property B which is an office building = 6%
NOI of both the buildings are equal
Now,
Mathematically,
Cap rate is given as = [ NOI ] ÷ [ Worth of the property ]
or
Worth of the property = [ NOI ] ÷ [ Cap rate ]
Since, the NOI and cap rate for both the buildings are same
Therefore,
Worth of both the property will be same.
Final answer:
The investment should be made if the 6% return is the best available use for the firm's cash, as it is preferable to earn a return on the cash rather than nothing and it avoids the cost of borrowing at a higher interest rate of 8%.
Explanation:
The question asks whether a firm should make an investment with a 6% rate of return when it has the cash available and would otherwise have to pay 8% interest on a loan. To determine if the firm should make the investment, we can compare the potential return on investment (ROI) to the cost of capital. In this case, the firm can earn a 6% return without incurring any debt, as it has the necessary funds on hand.
If the firm were to invest in an asset with a 6% return using its own funds, it would be foregoing the opportunity to invest that money elsewhere at potentially higher rates. However, assuming no better use of the funds is available, earning a 6% return is preferable to not investing and earning nothing. Moreover, since the cost of borrowing is higher at 8%, the firm is better off using its own funds.
Therefore, if the investment's rate of return at 6% is the best available use for its cash, the firm should proceed with the investment because it will generate a positive return without taking on the cost and risk of debt financing at a higher interest rate.
The ________ form of PMO has a high level of control in managing organizational projects.
a. Controlling
b. Supportive
c. Directive
d. Authoritative
Answer:
c. Directive
Explanation:
PMO is an abbreviation for Project Management Office which refers to grouping and departmentalization in an organization with an object of maintaining standards with respect to accomplishment of projects.
Directive form of PMO is created with an objective to direct, control and manage project management office. Such a pmo assigns resources and issues directions and thus exercise a high level of control in managing organizational projects.
Directive PMOs monitor and supervise the activities of the staff and thus exercise high level of authority and control.
Bill Holdfast owns a small retail property that he inherited from his father. There are no mortgages or interest expenses connected with the property. Bill takes an annual cost recovery expense of $5,000. The property has a monthly gross income of $1,500 and monthly operating expenses of $500. Bill's taxable income from this property will be taxed at a rate of 30%. What is the tax liability for the year?
Answer:
Tax Liability = $2,100
Explanation:
given data
annual cost recovery expense = $5,000
monthly gross income = $1,500
monthly operating expenses = $500
tax rate = 30%
solution
we get here tax liability for the year that is express as
Tax Liability = [(Rent for 1 year ) - Annual cost recovery expense - ( monthly operating expense in 1 year ) ] × tax rate ........................1
put here value and we will get
Tax Liability = [(1500 × 12 ) - 5000 - ( 500 × 12 ) ] × 30%
Tax Liability = $2,100
A firm releases a new technology only to have a competitor implement a similar technology with more features and value to the consumer. This would be which type of risk?
a) Demonstrating bad timing
b) Awakening a sleeping giant
c) Mobile-based alternative removes advantages
d) Running afoul of the law
e) Implementing IS poorly
Answer:
a) Demonstrating bad timing.
Explanation:
If the firm releases a new technology with the hope of getting a lot of sales, only to have a competitor implement a similar, but more advanced or complete technology shortly after, it is because the firm is not aware enough of the timing of technological advancements.
A firm without bad timing should not have been surpassed in the technology department by a competitor so fast.
This kind of problem has hapenned in real life. for example, when Blackberry launched the 8000 - 9000 series of phones in 2006, only to have Apple launch the much more innovative and groundbreaking Iphone in 2007.
the is commonly used when examining a firm's debt position and is computed by dividing the operating profits by the interest expense
Answer:
the INTEREST COVERAGE RATIO is commonly used when examining a firm's debt position and is computed by dividing the operating profits by the interest expense
Explanation:
The interest coverage ratio is calculated by dividing earnings before interest and taxes (EBIT) by interest expenses.
This ratio is very useful because it gives an idea of how easy or difficult it is for a company to pay its current interest expenses.
An interest coverage ratio of 2 is the lowest threshold that separates financially stressed firms from healthy firms. The firm has enough earnings to pay its debts.
If the ratio is below 1, it means that the firm is not able to pay its interest expenses at all.
At the beginning of 2017, the octo company issued 10% bonds with a face value of $3,000,000. these bonds mature in the five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $2,779,200 to yield 12%. octo uses a calendar-year reporting period. using the effective-interest method of amortization, amount of interest expense that should be reported for 2017 is
Answer:
$334,509.12
Explanation:
When using Effective Interest Method,
Interest Expense = Carrying value of Bond × Market yield interest rate.
Semi annual Cash interest:
= $3,000,000 × 10% × 6/12
= $150,000
2017 Interest Expense:
Interest Expense for first semi annual payment:
= $2,779,200 × 12% × 6/12
= $166,752
[Hence, Discount amortized = $166,752 - $150,000 = $16,752]
Interest expense for second semi annual payment:
= ($2,779,200 + $16,752) × 12% × 6/12
= $167,757.12
Therefore, the amount of interest expense that should be reported for 2017:
= $166,752 + $167,757.12
= $334,509.12
Stewart wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Stewart should keep in mind that to earn a significantly higher return on his money he:________
Answer:
Stewart will probably have to accept a higher level of risk .
Explanation:
Hence, a large-risk investment is one in which the risks of failure, or of losing some or all of the asset, are greater than the average.
These opportunities often offer investors the ability for greater returns in exchange for embracing the degree of risk associated with that. In saving account he gets 3% rate of return but also gets a lower rate of risk and does not earn much.If he invests his money in higher-risk fields like shares, he may get a higher profit.
Which type of economist views economic systems as subsystems of the biosphere that depend heavily on irreplaceable natural resources?
Answer:
An Ecological economist
As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 per share. Edwina then received dividends of $1 per share related to the stock. How much should be included in Edwina's gross income?
Answer:
Edwina's gross income=$63
Explanation:
Shares from stock and dividends must always be included in the gross income since they form part of taxable income. In our case above, we can see that Ed's Tv Repair gave 62-year-old Edwina shares and dividend payments. Gifts are often included in the gross income.
Consider Edwina's gross income as shown;
GI=(S×s)+(D×d)
where;
GI=gross income
S=stock value per share
s=number of stock shares
D=dividend payments per share
d=number of dividend shares
This can also be written as;
Gross income=(stock value per share×number of stock shares)+(dividend payments per share×number of dividend shares)
In our case;
GI=unknown
S=$20
s=3
D=$1
d=3
replacing;
GI=(20×3)+(1×3)
GI=(60)+(3)=63
Edwina's gross income=$63
A transformative leadership style influences the effectiveness of group decision making. The rational group decision-making model is based on which of the following?1.Power, influence, negotiation, bargaining, and interest group influence2.Economic perspective of decision making and maximum utility3.Difficulty identifying and resolving problems due to ambiguity, complexity, and illogical step taking4.Use of standard operating procedures and guidelines
Answer:
The correct answer is 2
Explanation:
The rational group decision making model, is the one of the model which is based on the group for the decision making process. And if the problem persist or could not be identified correctly, then the group will face the problem as in the group every member might have a different definition of the problem.
Therefore, this model is grounded on the perspective of the economic for the decision making and the maximum utility.
The marginal benefit you receive from eating a third slice of pizza will be __________ the marginal benefit you receive from eating the first slice of pizza.
Answer:
less than
Explanation:
The law of diminishing marginal utility states that utility decreases as additional units of a commodity are consumed. An example would the satisfaction you would derive from the first bottle of cola and the second and the third, the satisfaction you derive deceases after each additional consumption.
a licensed agent must be appointed by an insurance company to solicit insurance in florida. the agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time?
Answer:
48 months
Explanation:
If an agent is not appointed in 48 months (2 years), the agent's license will be terminated and would need to apply to be an agent again.
Cheers.
Which of the following is considered to be a "super tool" or tool that has high use and high potential for improving project success?A. net present value B. risk registers C. progress reports D. fast trackin
Answer:
C. progress reports
Explanation:
A progress report is a document which prepared and maintained so as to track the progress of the project in a course of time.
The progress report contains the outlines of the activities that has been carried out and how much the tasks has been completed.
It also records the milestones that has been achieved according to the project plan.
The project report can be prepared daily, weekly or in a specific interval of time according to the scale of the project.
The success of the project can be improved with the use of Progress report. It is a document that is prepared and maintained for tracking the progress of any of the project in the a specified course of time.
The progress report is the best tool that has high use and high potential for improving project success because it contains the outline of all the activities of the project that has been carried out.
It also shows the way the tasks has been completed.
It is strongest tool as it is prepared on daily, weekly or in a fixed interval of time as per the scale of the project.
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The Academic Computing Center provides training sessions to students and has an effective capacity of 2000 students. If the number of students who actually got trained is 1500, what is the efficiency of the system?
1. 90.25%
2. 1750 students
3. 75%
4. 55%
Answer:
3. 75%
Explanation:
Efficiency of the system = number of students who actually got trained (output)/effective capacity of students (input) ×100 = 1500/2000 × 100 = 0.75 × 100 = 75%
Assuming that there are no income taxes, what would be the ROI and residual income, respectively, for this equipment, which has an average value of US $100,000?
Please see complete question below :
CPA-08299: Managers of the Doggie Food Co. want to add a bonus component to their compensation plan. They are trying to decide between return on investment (ROI) and residual income (RI) as the performance measure they will use. If Doggie adopts the RI performance measure, the relevant required rate of return would be 18%. One segment of Doggie is the Good Treats division, where the manager has invested in new equipment. The operating results from this equipment are as follows:
Revenues $ 80,000
Cost of goods sold 45,000
General and administrative expenses 15,000
Assuming that there are no income taxes, what would be the ROI and RI for this equipment that has an average value of $100,000?
ROI RI
Answer:
ROI = 20% and RI = $2000
Explanation:
Return On Investment(ROI) = Profit before Interest & Tax/Average Investment
Profit before Interest & Tax (PBIT) = Revenue -cost of goods sold- General & Adm expenses
PBIT= $ 80,000 - $45,000 -$15,000
= $20,000
ROI = ($20,000/100,000) * 100% = 20%
Residual Income = PBIT - (Average Investment* Required Rate of Return)
=$20,000- (18%* 100,000)
=$20,000- $18,000
= $2000
"GameStop sells video games and systems, offering a narrow product line with a deep assortment within that line. GameStop is a(n)________."
Answer:
specialty store
Explanation:
Specialty store -
It refers to the shop which have only one specific retail market , is referred to as a specialty store .
It is the type of store , which sells only one type of product.
These stores and independent stores , with no branches .
The competition for a speciality store , are the variety store , supermarkets , general store and the departmental store.
Hence , from the given scenario of the question,
GameStop is a specialty store.
In industries where there is a high degree of competition among suppliers, reverse auctions can be an efficient way to conduct and manage the price bidding that would naturally occur in that market.True / False.
Answer:
True
Explanation:
A reverse auction is a modern way of selling in a highly competitive business environment, whereby there is a switch in role between the seller and buyer in a traditional auction. in this type of auction there are several seller competing to sell to few buyers. The sellers bid for buyers by offering increasingly low prices for buyers and sometimes underbid each other because of the stiff competition.
If you were appointed to conduct a social audit of portion pac what type of information would you collect what questions would you as explain it answer
Answer:
The things related to the people would all be covered in a Social Audit of Portion Pac.
Explanation:
A Social Audit involves examination of the companies with respect to their responsibility towards the people as a whole. Hence, a typical Social Audit involves addressing the following questions-
Is Portion Pac giving a true and fair view of its Accounts? (Might affect the shareholders in the future)Is Portion Pac doing enough Corporate Social Responsibility (CSR) activities like donation towards the blind and charity to associations working on blood donation etc. ? ( Can better the needy people associated with respective donations and charities etc.)Is Portion Pac giving fair wages to its employees? (Affects the employee stability)Is Portion Pac's operations have an adverse impact on the environment? ( Affects the Sustainable Development of the country)Is Portion Pac's working conditions favorable for work? (Again affects the employee stability)Is Portion Pac sensitive on issues like deforestation and women empowerment across the world etc. ? ( These kind of issues impact the society as a whole)Why might buying a home during a recession be a good decision for some consumers? Check all that apply. a. Housing prices are down. b. It is easier to get a mortgage. c. Less demand means more options for buyers. d. Less demand means less competition with other buyers. e. Fewer houses are on the market.
Answer:
a. Housing prices are down.
c. Less demand means more options for buyers.
d. Less demand means less competition with other buyers.
Explanation:
A recession is a decline in economic activities in a country, characterized by rise in unemployment, fall in income, and fall in aggregate demand.
During recession because of fall in purchasing power, and decline in aggregate demand, prices naturally will fall and housing prices will fall as well.
A recession is characterized by accumulation of inventory, availability of many unsold stock means more options for buyers.
Fall in demand as a result of lack of purchasing power during recession means less competition with other buyers.
Answer:
a. Housing prices are down.
c. Less demand means more options for buyers.
d. Less demand means less competition with other buyers.
Explanation:
During a recession in the economy, the aggregate demand is on a lower side. This makes the housing prices lower. Lower prices due to lower demand, imply more options for the buyers. Lower demand indicates less competition with other buyers for a buyer.
Hence, all (a), (c) & (d) are the main solutions to the problem, that's why it's easier to get a mortgage.
Suppose the U.S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up to $5,000 for the old automobiles. These consumers would be exemplifying the economic idea that:_____.
A. people are rational.
B. people respond to economic incentives.
C. optimal decisions are made at the margin.
D. equity is more important than efficiency.
Answer:
B. people respond to economic incentives.
Explanation:
Economic incentive is material given by someone, that is capable of motivating the other person to behave or act in a certain way. If economic incentives come from a government, it can be in form of tax incentives, subsidies or any monetary gift in form of cash or near cash.
To the economist, human being being rational, will respond to economic incentives in various forms.
Weston's financial planning model shows assets are projected to increase by $2.7 million while liabilities and equity increase by $1.5 million. What is the external financing need (EFN)?
Answer:
The external financing requirement is $ 1.2 million.
Explanation:
The accounting equation is asset = liability +equity. In simple words any increase in one side of balance sheet (i.e asset) will result in increase in other side of balance sheet (i.e equity + liability) and vice versa.
So if assets are projected to increase by $ 2.7 million than equity and liability is also required to increase by same. As equity is increased by $ 1.5 million, the liability/external financing is calculated as follow
Asset = Liability + Equity
Liability = $ 2,700,000- $ 1,500,000
Liability = $ 1.2 million
All of the following are among the goals of a financial information system (FIS) except: A. Monitoring cost trends B. Minimizing capital investment risks C. Sales forecasting D. Managing cash flows
Answer:
C. Sales forecasting
Explanation:
A financial information system (FIS) collects, organizes, and interprets financial data. FIS involves the digitization and automation of financial processes, including budget formulation, internal control measures, accounting, and reporting. The financial information system provides crucial information that aid management in making key policy decisions.
FIS helps management in the day to day financial operations. It provides updated information that allows managers to track the incomes and expenses of the business. The system is designed to provide efficiency in financial management. It only analyzes the information that is has gathered. It is not a forecasting or a sales management tool.
The correct answer is B. Minimizing capital investment risks. Financial information systems are designed to track and manage financial data with goals such as monitoring cost trends, sales forecasting, and managing cash flows, but not directly minimizing investment risks.
Explanation:The goal among the options that is not a primary objective of a financial information system (FIS) is Minimizing capital investment risks (Option B). Financial information systems are designed primarily for the tracking and management of financial data within an organization. Common goals of FIS include:
Monitoring cost trends to ensure efficient use of resources,Sales forecasting to predict future revenue,Managing cash flows to ensure liquidity and operational effectiveness.While FIS can provide information that may indirectly help in minimizing investment risks, it is not their direct goal. Investment risks are often assessed and managed through different aspects of financial management, such as strategic planning, risk assessment, and possibly investment analysis tools, rather than the operational focus of FIS.
To become informed decision-makers in the economy, understanding the basics of financial savings, investment strategies like bonds, stocks, and mutual funds as well as risk and diversification is vital. This knowledge also ties into the role of financial institutions, which affect households and businesses by transforming savings into capital formation through interest and risk assessment, as well as offering various types of consumer accounts.
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Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?
Answer:
Project management
Explanation:
Project management- it is the approach of managing all the processes involves in constructing a large project. it include process like, planning, execution, quality control, etc. The main goal on which project management depends on is the completion of the project on time with a cost-effective approach.
The five main stages of project management are
- initiation
-planning
- execution
- monitoring of the project
- closing of the project
If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos falls?
Answer:
Equilibrium price and quantity would fall
Explanation:
Substituite goods are goods that can be consumed in place of each other. If the price of a good increases, consumers can easily subsituite to the other good.
If cappuccinos and lattés are subsituites, if the price of cappuccinos falls, the demand for cappuccinos would increase and the demand for lattes would fall because lattes are now relatively more expensive than cappuccinos.
The fall in demand leads to a fall in quantity demanded and price.
I hope my answer helps you.
If consumers view cappuccinos and lattés as substitutes, a drop in the price of cappuccinos makes them more attractive, causing a decrease in demand for lattés, which in turn leads to a decrease in the equilibrium price and quantity of lattés.
Explanation:In the field of economics, when consumers view two goods, in this case, lattés and cappuccinos, as substitutes, a fall in the price of one good (cappuccinos) would lead to a decrease in demand for the other good (lattés). This situation happens because consumers would switch from the more expensive good (lattés) to the cheaper one (cappuccinos). As a result, the equilibrium price and quantity of lattés would decrease.
This is a basic principle of supply and demand: If the price of a substitute good (cappuccinos) decreases, the demand for the other good (lattés) falls, leading to a decrease in its price (equilibrium price) and the amount sold (equilibrium quantity).
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A builder must build fifty houses by the end of the year but he has run out of available land. Which best describes the builder's supply of houses?
Answer:
Inelastic supply
Explanation:
The builder's supply of houses is inelastic, because the supply of houses has less responsiveness on the availability of land.
Answer:
C I Believe.
Explanation:
A person has a comparative advantage in the production of a good when she or he can produce the product at a(n) ________ opportunity cost compared to another person.
Answer:
A person has a comparative advantage in the production of a good when she or he can produce the product at a lower opportunity cost compared to another person.
Explanation:
Comparative cost advantage is a concept that emphasizes on an individual, a firm or a county specializing in the production of goods in which it has a greater advantage over others. In other words, a country is expected to produce goods in which it can produce with less opportunity cost than its trade partner.
"In the AD-AS framework, the simple Keynesian model includes an aggregate supply curve that is __________until the economy reaches its natural real GDP."
Answer:
horizontal
Explanation:
The AD-AS framework is based on the Keynes's The General Theory of Employment, Interest and Money and shows a simplified macroeconomic model.
Keynes believed that the economy was not self regulating like classical economists stated, since wages and prices tend to be inflexible (wages are extremely inflexible). Since wages and prices are a vital component of the economy, since they cannot adjust themselves as easily as the classical economic model believes, the economy will be inherently unstable.
Even when the economy is not growing or is in the middle of a recession, workers will not accept a decrease in their wage. To be honest, who would? Remember the CEOs, CFOs, COOs, etc. of GM and Chrysler that earned tens of millions while their companies went bankrupt? If they didn't take a cut on their pay, why should a normal average worker do?
Prices cannot be freely adjusted by the companies since competition exists. Imagine all the fast food restaurants decided to increase their prices by 20% because of high inflation, etc., but Burger King decides to keep their prices still. Burger King restaurants would have an excess of clients while the rest would see a significant decrease in their sales. The more competition, the more difficult it is to raise the price of your products.
The classical economic model is great in theory, specially in the long run, but in the real world it doesn't work that well.