A mutual savings bank is a type of financial institution that is owned by its depositors and operates primarily to provide savings and mortgage lending services to its members.
One key difference between mutual savings banks and commercial banks is their ownership structure. Mutual savings banks are owned by their depositors, who receive a share of the bank's profits in the form of dividends, while commercial banks are typically owned by shareholders who invest in the bank's stock.Another difference is the focus of their operations. Mutual savings banks typically prioritize mortgage lending and other consumer-oriented services, while commercial banks often have a more diverse range of services and cater to both individual and business customers.mutual savings banks may have more limited geographic reach compared to commercial banks, which often have larger branch networks and serve customers across a broader geographic region.
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millions of people purchase , which is an easy way to have a professional buy stocks for them. True or False?
One of the greatest is stock mutual funds, which offer novice investors a simple and affordable means of making stock market investments. Your IRA, 401(k), or any other taxable brokerage account may contain these funds.
A full-service brokerage is the most expensive option, but you can also open an account there. Trading apps like Robinhood or Webull are also options. You are able to purchase shares of publicly traded corporations using any of these options. You won't be able to buy stocks, though, if you have a bank account or other financial accounts. A market order is a request to purchase or sell a security, such as a stock, at the best price currently being offered on the market. The majority of orders are market orders.
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True/false? a contract is created when an offerer promises to keep an offer open for a specified period and in return the offeree pays consideration
A contract is not created when an offeror promises to keep an offer open for a specified period and the offeree pays consideration.
Therefore the answer is False.
This type of agreement is called an option contract, which is a separate and distinct contract that is used to keep an offer open for a certain period of time in exchange for payment or other consideration. An option contract creates an obligation on the part of the offeror to keep the offer open for the specified period, but it does not create a binding contract to buy or sell the underlying subject matter. Instead, it gives the option holder the right to accept the offer and create a binding contract during the option period, or to let the option expire without any further obligation.
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a nurse manager uses a style where workers perform according to unit policy and procedures to earn rewards and thus gains follower loyalty. which management style? A. Relational B. Transactional C. Effective
A nurse manager employs a style that encourages employees to follow unit policies and procedures in order to get rewards, building follower loyalty. The management style described is transactional. Here option B is the correct answer.
Transactional leadership involves the use of rewards and punishments to motivate employees to follow policies and procedures and achieve specific goals. This type of leader operates under the assumption that employees are motivated by incentives, and that the role of the leader is to ensure that these incentives are properly aligned with the organization's goals.
In the described situation, the nurse manager is using rewards to motivate employees to follow unit policies and procedures. This management style is appropriate in situations where employees are performing routine tasks and where consistency and efficiency are critical to success.
Transactional leaders are also effective in situations where a leader must quickly take charge and make decisions, such as in emergency situations. Overall, while transactional leadership can be effective in certain situations, it may not be the most effective style in situations where employees require more autonomy and creativity to succeed.
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Callie is the 11-year-old daughter and dependent of Mr. And Mrs. Santo. This year, Callie filed a Form 1040 on which the only item of gross income was $10,557 interest from an investment bond portfolio that Callie inherited from a great aunt.
1. Compute Callie’s income tax. Assume the taxable year is 2018
Given that Callie's total income of $10,557 is below the threshold for reporting taxes, Callie would owe $2,322.54 in income taxes for the 2018 tax year..
If Callie is declaring herself as a dependant and the tax year is 2018, her income tax obligation would be determined as follows:
Find Callie's taxable income first. As interest income made up her sole source of gross income, her taxable income equals $10,557.
Find Callie's tax bracket next. Callie's income is subject to the "kiddie tax" regulations since she is a dependant and has solely unearned income, which means that her income is taxed at her parents' tax rate. If Callie's parents pay taxes at a rate of 22%, her income tax would be $2,322.54 ($10,557 x 22%).
Thus, Callie would owe $2,322.54 in income taxes for the 2018 tax year.
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what is the effect of the market value adjustment in a market value adjustment annuity
The Market Value Adjustment has a similar effect on bond values as interest rates do. As fresh money interest rates for your annuity product rise, the surrender value of your annuity typically declines, resulting in a negative adjustment to your surrender value.
A contractual requirement related to fixed deferred annuities is a market value adjustment. An annuity can be set up in a number of different ways, but at its core, it involves paying a premium up front in exchange for a guaranteed income stream that will start at a future date and continue for a predetermined amount of time.The accumulation period is the time frame between purchasing an annuity and the start of its revenue stream length of time.
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parker pharmaceuticals recently entered into a licensing agreement with pharmaresearch inc. under this agreement, pharmaresearch will pay parker $10,500,000 if one of its new drugs receives fda approval. based on its prior experiences with the fda, parker determines it is 90% likely that this particular drug will be approved. what should be the transaction price for this arrangement?
The transaction price for the arrangement, between Parker Pharmaceuticals recently entered into a licensing agreement with Pharma research Inc. is $9,450,000
How do you allocate a transaction price?The consideration for which an entity anticipates being entitled, excluding sums collected on behalf of third parties, in exchange for transferring promised products or services to a client is known as the transaction price. Simply put, the transaction price allocation must be done proportionately based on the standalone selling price set for each performance obligation within a Contract.
At the start of the contract, the standalone selling price and the allocation of the transaction price are determined. Based on its comparable standalone selling price, the transaction payment is divided between the performance responsibilities. The standalone selling price for each good or service that fulfills a performance requirement should be established at the beginning of the contract.
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How does a traditional economy answer the basic questions of WHAT, HOW, and FOR WHOM to produce?
A. Customs, traditions, and the elders decide WHAT, HOW, and FOR WHOM to produce.
B. The government decides WHAT, HOW, and FOR WHOM to produce.
C. Consumers decide WHAT, HOW, and FOR WHOM to produce.
D. Society decides WHAT, HOW, and FOR WHOM to produce.
Option A is correct. A traditional economy is answered by Customs, traditions, and the elders decide WHAT, HOW, and FOR WHOM to produce.
A traditional economic system depends on customs, history and respected convictions. A customary economy is a monetary framework wherein customs, customs, and convictions assist with moulding the labour and products the economy produces, as well as the standard and habits of their dissemination. Nations that utilise this kind of financial framework are frequently provincial and ranch based. Otherwise called a means economy, a conventional economy is characterized by bartering[citation needed][dubious - discuss] and exchanging. Somewhat excess is produced[citation needed] and on the off chance that any overabundance of merchandise are made, they are normally given to a decision authority or landowner.
An unadulterated customary economy has had no progressions in they way it works (there are not many of these today). Instances of these conventional economies incorporate those of the Inuit or those of the tea manors in South India. Conventional economies are prevalently thought about as "crude" or "lacking" monetary frameworks, having devices or strategies considered obsolete. Likewise with the idea of contemporary crudeness and advancement itself, the view that customary economies are in reverse isn't shared by researchers in financial matters and human studies.
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When a firm makes use of the SWOT analysis, one of its objectives is to:
Select one:
a. identify the best employees to fill each position within the organization.
b. set specific short-term performance standards for each department.
c. evaluate the desirability of issuing stocks or bonds in the current financial climate.
d. identify the things it does well as an organization and the things it needs to improve.
When a firm makes use of the SWOT analysis, one of its objectives will be: identify the things it does well as an organization and the things it needs to be improve. Option D is correct.
The SWOT analysis is a strategic planning tool that helps organizations to identify their internal strengths and weaknesses, as well as external opportunities and threats. By analyzing these four factors, organizations can gain a better understanding of their current position and develop strategies to improve their performance, overcome challenges, and achieve their goals.
The SWOT analysis is often used to inform decision-making, develop action plans, and allocate resources in a way that maximizes an organization's strengths and minimizes its weaknesses.
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what will be the monthly payment on a home mortgage of $175,000 at 3.25% interest, to be amortized over 15 years?
The monthly payment on a home mortgage of $175,000 at 3.25% interest will be $1,240.1
Amount of home mortgage = $175,000
Rate = 3.25%
Time = 15 years
Using the formula for monthly payment -
M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1]
Where -
P is the principal or borrowed amount, M represents the monthly payment, i represents the rate and n is the total number of payments
Monthly interest rate -
i = 0.0325 / 12
= 0.0027083
Similarly, time in months -
n = 15 years x 12 months ( As there are 12 months in a year)
= 180
P = $175,000
So, M = $1,240.12
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How are companies promoting their brand leading up to the Super Bowl?
Companies advertising their business ahead of the Super Bowl may launch advertisements only on social media platforms or promote campaigns online.
Advertisements can be categorised into five categories based on the type of medium a business chooses to use to promote its message. Out-of-home or outdoor advertisements are those that target people away from their homes. Customers of a company or organisation might be attracted through advertising. In order to inform or influence the recipients, advertisements are messages that are sent and paid for by their senders. talking about social media Mobile advertising refers to any form of marketing that appears on cellphones and touch screens. Companies can promote on these devices by using SMS text ads or banner ads that are integrated into mobile websites.
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are dividend yield and stock price positively correlated?
There is a substantial connection between the cash dividend as well as share price, which means that an increase in stock price is positively correlated with an increase in cash dividend.
The price of a stock often rises after a dividend is declared. Even so, since a dividend payment increases this same shares in circulation while the company's value holds steady, it dilutes this same book value per ordinary shares, causing the stock price to fall. According to the findings, the dividend and payout ratio of dividends both have a significantly adverse correlation with stock price volatility. Dividend yields fluctuate and are inversely related to stock prices. The yield goes up when the stock price falls as well as falls when the stock price rises. Dividend yield lets you contrast different companies' dividend payments and help assess them as investments.
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What can the Federal Reserve do to fight inflation?
The Federal Reserve must carefully consider the trade-offs between its various policy options when deciding how to fight inflation.
The Federal Reserve has several tools at its disposal to fight inflation, including:
Adjusting the federal funds rate: The federal funds rate is the interest rate at which banks lend to each other overnight. By increasing the federal funds rate, the Fed can make it more expensive for banks to borrow money, which can reduce the amount of money in circulation and slow down inflation.
Conducting open market operations: The Fed can also buy or sell government securities in the open market, which can affect the supply of money in the economy. If the Fed sells securities, it can reduce the money supply and slow down inflation.
Adjusting reserve requirements: Banks are required to hold a certain percentage of their deposits as reserves. By increasing reserve requirements, the Fed can reduce the amount of money that banks have available to lend, which can reduce inflation.
Communicating with the public: The Fed can also use its communication channels to influence public expectations about inflation. By signaling that it is committed to fighting inflation, the Fed can help to reduce expectations of future inflation and limit the impact of price increases.
It's important to note that each of these tools has potential drawbacks and limitations, and the Fed must carefully consider the trade-offs between its various policy options when deciding how to fight inflation.
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the net price equivalent rate helps one calculate the actual cost to the seller. group startstrue or falsetrue, unselectedfalse, unselected
By multiplying the supplements of the discount cycle (0/3/2) together, one can determine the Net Price Analog Rate.
Who are the buyer and seller?Seller and Buyer. A buyer is defined by a person who acquires or has contracted to buy goods in Section 2(1) of the Act. A buyer serves as one of the participants in the deal because a sale is a binding agreement between two individuals. The Act's section 2 defines "seller" (13). A vendor is someone who has made a deal to sell something.
What function does a seller perform?After assisting customers, a salesperson provides the best recommendation for the merchandise being sold. When necessary, they also clarify to the clients how a specific product functions and the
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the unadjusted trial balance lists supplies with a balance. after taking an inventory of supplies, it was found that were on hand. the adjustment to supplies expense is a:
The unadjusted trial balance lists supplies with a balance. After taking an inventory of supplies, it was found that were on hand. The adjustment to supplies expense will depend on the amount of supplies that were found to be on hand after the inventory.
Here are the steps you can take to determine the adjustment:
Determine the original balance of the supplies account on the unadjusted trial balance.Determine the amount of supplies that were found to be on hand after the inventory.Calculate the difference between the original balance of the supplies account and the amount of supplies on hand. This difference represents the amount of supplies that were used during the period.Adjust the supplies expense account by debiting it for the amount of supplies used during the period and crediting the supplies account for the same amount.For example, let's say the supplies account on the unadjusted trial balance has a balance of $1,000, but after the inventory, it was found that only $500 worth of supplies were on hand. The adjustment to supplies expense would be:
Debit Supplies Expense: $500
Credit Supplies: $500
This adjustment recognizes the fact that only $500 worth of supplies were used during the period, and expenses that amount accordingly.
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Every office correspondence should have a current ______. a. date b. signature c. font type d. response.
Specialist-Verified Response .For every item of business correspondence, a current signature, font style, date, and response time should be present.
For every item of business correspondence, a current signature, font style, date, and response time should be present. T or F. When additional paperwork is included with the..What does "signature" mean in its entirety?
The current signature font style. answer with date. All workplace communications should contain T or F. Noun. Signification of nature the act of signing one's name or making a mark in its place.: a person's name written with his or her own hand to indicate that the writing that comes before it conforms with his or her wishes or intentions. Yes, it is acknowledged that electronic signatures are
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The force that contributed to the formation of planets, determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called
gravitation pull
.
Newton’s first law of motion states that an object at rest will stay at rest unless a force acts on it. It also states that an object in motion will stay in motion unless a force acts on the object. Newton’s first law of motion is also known as the law of
motion
.
The force that contributed to the formation of planets determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called gravitational force.
What is a Gravitational force?Any two objects in the cosmos are drawn together by gravitational attraction, regardless of whether their masses are equal or not. Also, according to Newton's Universal Law of Gravitation, everything in the universe, including you, pulls everything else. The gravitational force is measured in Newtons, abbreviated as N.
With its extensive range and all-pervasive influence, gravitational force governs the trajectories of objects in the solar system and throughout the universe as well as the structures and evolution of stars, galaxies, and the entire cosmos. All objects on Earth experience weight, or a gravitational pull that is proportionate to their mass and is imposed by the planet's mass.
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Q)The force that contributed to the formation of planets, determines the motion of bodies in the solar system, and pulls objects to the center of Earth is called?
All decisions for the coffee chain Traded Beans are made by the founder and chief executive officer. This company has a ___ decision-making structure.
A) divisional
B) democratic
C) centralized
D) collective
E) distributed
Option C is correct. All decisions for the coffee chain Traded Beans are made by the founder and chief executive officer. This company has a centralized decision-making structure.
Organizations which follow the centralized decision-making structure, its vital preparation, objective setting, planning, and ability sending are commonly directed by a solitary, senior pioneer or authority group. Conversely, in decentralized associations, formal dynamic power is appropriated across numerous people or groups. It's outstanding that in spite of the fact that centralization can include the colocation of staff, it doesn't need to; centralization is more about where choices get made as opposed to where individuals sit. Centralization seems OK when scale or normalization is a main consideration with regard to expenses, or when specific creation capacities are important, or when the assembling procedure is area of strength for an of business technique.
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When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' products, its strategy is known as ________.
When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' products, its strategy is known as exclusive dealing.
In economics and law, exclusive dealing occurs when a supplier binds the buyer by limiting the buyer's ability to choose what, who, and where they deal.
When it has a considerable impact on significantly lowering competition in an industry, this is illegal in most nations, including the United States, Australia, and Europe.
When the supplier owns the sales outlets, exclusive dealing occurs due to vertical integration; when the outlets are independent, exclusive dealing is illegal (in the US) due to the Restrictive Trade Practices Act; but, if registered and licensed, exclusive dealing is permitted.
While the vast majority of exclusive dealing agreements are imposed by sellers, certain exclusive dealing arrangements are imposed by buyers.
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slaughtering is a requirement to make sea animals halal. (T/F)
False. The concept of halal refers to what is permissible or lawful in traditional Islamic law, and applies to various aspects of Muslim life, including food and dietary requirements.
For meat to be considered halal, it must be prepared and slaughtered in a specific way, following certain guidelines and rituals.
While slaughtering is a requirement for land animals to be considered halal, the same is not necessarily true for sea animals. In fact, the issue of whether sea animals are halal or not is a matter of debate among Islamic scholars and varies depending on different interpretations of Islamic law.
Some scholars argue that all seafood is halal by default, as the Quran mentions that all seafood is permissible to consume. Others argue that certain types of seafood, such as shellfish or bottom-dwelling fish, are not halal, as they are considered to be unclean or harmful to human health.
Therefore, the statement "slaughtering is a requirement to make sea animals halal" is false, as the halal status of sea animals is not solely determined by the method of slaughter, but also by other factors related to their characteristics and habitat.
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under the corporate form of business organization:____.
If a shareholder wants to sell their corporation shares, they must obtain the consent of the other shareholders under the corporate form of business organization.
What becoming a shareholder entails?
A person or organization that has contributed funds to a corporation in exchange for a "share" of ownership is referred to as a shareholder. Common or preferred shares issued by the company and held by the shareholder serve as a representation of that ownership. Do shareholders count as owners? The directors and company management handle day-to-day operations of the firm on behalf of the shareholders, who are the legal owners of the company and, if there are many shareholders, part-owners as well. Yet, shareholders can also be corporate directors.
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The internal audit activity should contribute to the organization’s governance process by evaluating the processes through which:
1. Ethics and values are promoted.
2. Effective organizational performance management and accountability are ensured.
3. Risk and control information is communicated.
4. Activities of the external and internal auditors and management are coordinated.
A. I only
B. IV only
C. II and III only
D. I, II, III, and IV
The board is informed by the internal audit activities that an organization-wide employee ethics program has been put in place.
By assessing the methods used to promote ethics and values, the internal audit activity should aid the organization's governance process. Accountability and effective organizational performance management are guaranteed. By applying a systematic, disciplined approach to review and enhance the efficacy of risk management, control, and governance systems, the internal audit activity aids a business in achieving its goals. Internal controls related to corporate governance, accounting, financial reporting, and general IT controls may be examined as part of these audits. Evaluation of the efficiency and efficacy of crucial business processes, such as supply chain management, may also be part of internal audits.
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when a government imposes penalties on both sellers and buyers of an illegal good, the price of the good ________ and the quantity ________.
The price of the good, demand, and quantity move to the left when a government imposes sanctions on both buyers and sellers of an illegal good.
What will occur if the cost of a resource used to make a good rises?When a resource used to make a product costs more to generate, the producer will no longer be willing to sell the same amount of the product for the same price.
Is it accurate to say that supply will always increase the equilibrium quantity?It is true that as both supply and demand rise, the equilibrium quantity always rises. Lower equilibrium prices and quantities would be the outcome if a demand curve shifted to the left.
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Inventory reduction via JIT is an effective tool for identifyingcauses of variabilitya. holdingb. costsc. inefficiencies in warehouse layoutd. setup costs
Option C. causes of variability. Inventory reduction via JIT is an effective tool for identifying/ figuring out causes of variability.
Just-in-time inventory reduction is a technique that aligns raw material orders from suppliers directly with the production schedule. Helps reduce storage costs. Organizations using JIT only receive goods when they need to operate, increasing efficiency and reducing waste.
JIT reduces costs by shortening production times and minimizing the need for storage. It can also be a useful tool for identifying sources of variability. This reduces/decreases variability caused by both internal and external factors. Variability is the normal deviation from the most efficient and optimal process.
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Complete question:
Inventory reduction via JIT is an effective tool for identifying
A.
inefficiencies in warehouse layout.
B.
holding costs.
C.
causes of variability.
D.
setup costs.
Just-In-Time (JIT) inventory management can effectively address causes of variability, holding costs, and inefficiencies in warehouse layout and setup costs. It not only reduces inventory holding costs but also aids in identifying variability within the supply chain and improving overall business efficiency.
Explanation:Inventory reduction via Just-In-Time (JIT) is a key strategy in the realm of operations management that can effectively address causes of variability, holding costs, and inefficiencies, including those related to warehouse layout and setup costs. JIT is a system that aims to align raw material orders from suppliers directly with production schedules. It is primarily associated with the reduction of inventory holding costs and the minimization of warehouse space utilized.
However, JIT can also help identify causes of variability within the supply chain, such as inconsistent supplier lead times, quality defects, or demand unpredictability. These insights can, in turn, help businesses streamline their operations, improving efficiency and reducing costs even further.
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the infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market. (True or False)
FALSE: The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments is a incorrect statement.
Explain about the international capital market?The term "international capital market" refers to the marketplace where citizens of many nations transact in assets.
The international capital market, which hosts asset exchanges with some degree of worldwide scope, is actually a collection of intricately interwoven marketplaces rather than a single market. The foreign capital market serves a variety of functions. First of all, they offer a network of organizations made up of governments and businesses that venture and borrow to advance trade across national boundaries. Additionally, it brings together borrowers and lenders on multiple capital markets.The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments.
As a result, long-term investments have to be subsidized by governments.
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What require the borrower to put up collateral for the loan?
When a borrower puts up collateral for a loan, it means they are pledging a valuable asset as security for the loan. If the borrower defaults on the loan, the lender can seize the collateral to recover the amount owed.
The lender may require the borrower to put up collateral for the loan in order to mitigate the risk of default. By having collateral, the lender has a way to recover some or all of the amount owed in the event of a default.
Common types of collateral include real estate, vehicles, stocks and bonds, and valuable personal property such as jewelry or artwork. The lender will typically assess the value of the collateral and may require the borrower to provide documentation or proof of ownership.
Putting up collateral can sometimes result in more favorable loan terms for the borrower, such as a lower interest rate or a higher borrowing limit. However, it is important for the borrower to understand the risks involved and to be sure they can afford to repay the loan in full to avoid losing the collateral.
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how do contact office of the professions?
You can contact the Office of the Professions by phone, email, or mail.
The Office of the Professions is a department within the New York State Education Department that oversees professional licensing and regulation for various professions, including medicine, nursing, law, and engineering, among others. If you need to contact the Office of the Professions, you can do so by phone, email, or mail.
To contact the Office of the Professions by phone, you can call their general information number at (518) 474-3817 or the number for the specific profession you're interested in. You can find a list of professions and their contact numbers on the Office of the Professions website.
To contact the Office of the Professions by email, you can use the contact form on their website, which allows you to select the specific profession you're interested in and send a message to the appropriate department.
Finally, to contact the Office of the Professions by mail, you can send a letter to their main address at:
Office of the Professions
New York State Education Department
89 Washington Avenue
Albany, New York 12234
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how did the industrial revolution impact valentine’s day?
The Industrial Revolution had a significant impact on Valentine's Day, primarily by making it easier and more affordable to produce and distribute Valentine's Day cards.
Before the Industrial Revolution, Valentine's Day cards were handmade and expensive, so they were only affordable for the wealthy. In the mid-19th century, Valentine's Day cards became even more popular with the introduction of the penny post, which allowed people to send letters and cards for just one penny.
The Industrial Revolution also led to the development of new technologies, such as the steam engine and railroads, which made it easier to transport Valentine's Day cards and gifts across long distances. This helped to spread the popularity of Valentine's Day beyond its traditional base in England and France to other parts of the world, including the United States.
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The____ environment includes all elements existing outside the boundary of the organization that have the potential to affect the organization. A) external organizationalB) Internal organizationalC) General environmentD) Organization environment
The external organizational environment includes all elements existing outside the boundary of the organization that have the potential to affect the organization.
What do you mean by the organizational environment?
Organizational environments are made up of the factors or institutions that surround a company and have an impact on its operations, resources, and performance. It consists of all factors that exist outside the organization's borders and have the ability to have an impact on either all or a portion of the organisation. Government regulatory bodies, rival businesses, clients, vendors, and public pressure are a few examples. Managers must have a thorough understanding of the environment in order to effectively manage the organisation. Environmental influences can be classified into two categories: internal environments and external environments.
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what is the purpose of the accrual basis of accounting?
The purpose of the accrual basis of accounting is to provide a more accurate representation of a company's financial performance by recognizing revenues and expenses when they are earned or incurred.
Under this method, revenues are recorded when they are earned, meaning when goods or services are delivered, rather than when payment is received. Similarly, expenses are recorded when they are incurred, regardless of when they are paid.By using the accrual basis of accounting, companies can better match revenues and expenses to the period in which they were earned or incurred, which provides a more accurate picture of the company's financial health. It also enables companies to track their performance over time and make informed decisions about their future operations, such as investing in new products or services, expanding operations, or reducing costs. the accrual basis of accounting is required by generally accepted accounting principles (GAAP) and is used for financial reporting purposes, including income statements, balance sheets, and cash flow statements. This helps ensure consistency and comparability in financial reporting across different companies and industries.
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how do enterprise social networking tools create business value?
Businesses use enterprise social networks, which are private, internal social networks, to help their teams communicate with one another across the organisation.
Team messaging, businesses project management, task management, and collaboration tools are typically combined into one platform. By communicate team members through profiles, updates, and notifications that are similar to Face-book's features but specifically designed for internal corporate uses, telepresence technology adds value to a business.
Social media benefits for businesses include customer attraction, customer feedback, and customer loyalty. expand your market reach to communicate global markets. reduce marketing expenses by conducting market research. By creating customer networks and advertising, revenue can be increased.
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