The statement that secondary data is generally more expensive than primary data collection is False.
Indeed, primary data is very expensive while secondary data is economical. When working with a small budget, researchers benefit from working with secondary data and then analyzing it to discover new trends.
What is Primary and Secondary data?Primary data is first-hand data collected by the researcher himself. Primary data is “pure” in the sense that no statistical operation has been performed on it and that it is original.
Secondary data on the other hand is a type of data that comes from somewhere it was originally collected. This means that this type of data has already been collected by some scholars or researchers in the past and is available in published or unpublished form. This information is impure because it may have already been the subject of statistical processing.
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what can managers do in the anticipatory socialization stage that is likely to make employees more successful in the adaptation phase?
Answer:
Give them realistic job views
Explanation:
The Managers can do in the anticipatory socialization stage which is likely to make employees more successful in the adaptation stage is that managers provide incentives and rewards to their employees if they succeed in achieving the targets of the company.
What is Socialization?Socialization is an interaction process that builds stable and balanced relationships between individuals and their communities. This process can teach a person to work and carry out daily work and functions according to the rules of society.
Anticipatory Socialization
Anticipatory socialization refers to a process in which a person learns the culture of a group with anticipation of supporting that group. When a person learns the beliefs, meanings, values, and norms appropriate to the status or group he aspires to be. He/She learned how to act in his new role.
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Question 2.
The Central Division of Miller's Quarter Horse Company has sales of $4,500,000. It also has invested assets of $2,500,000 and operating expenses of $3,800,000. The company has established a minimum rate of return of 7%.
Required:
Determine the following for the Central Division:
Profit Margin
ROI using DuPont formula
Residual Income
Miller has offered a new investment opportunity to the Central Division, which has a Return of Investment of 20% calculated as an operating income of $160,000 divided by the invested asset of $800,000.
Explain by undertaking required calculation, whether the manager of the Central division would undertake the additional investment opportunity if:
He was paid a bonus based upon his division’s overall ROI.
He was paid a bonus based upon his division’s overall RI
Solution:
Intermediate working/formula
Income from operations
Sales – Expense
Profit margin
Income from operation /Sales
Investment Turnover
Sales / Invested Assets
ROI using Du Pont formula
Profit Margin x Investment Turnover
Minimum Acceptable Income
Invested Assets x Minimum Desired ROI
Residual Income
Income from Operation – Minimum Acceptable Income
Central Division
Before accepting the new investment:
ROI:
RI:
After accepting the new investment
ROI:
RI:
Miller's profit margin is 15.56%. The investment turnover is 1.80. The rate of return on investment is 28%. Miller's residual income is $525,000.
The profit margin is computed as follows: Sales - Operating expenses =$4,500,000 - $3,800,000 Profit/Sales = $700,000/$4,500,000 =15.56%. Investment turnover is computed as follows: Sales/Invested assets = $4,500,000/$2,500,000 = 1.80. The rate of return on investment is computed as follows: Profit/ Invested assets = $700,000/$2,500,000 = 28%.
Residual income is computed as follows: Profit - Invested assets = $700,000 - $2,500,000 = 7%. Minimum return = $175,000 and Residual income = $525,000.
One of the often-used profitability statistics to determine how profitable a business or line of business is is the profit margin. It displays the proportion of sales that have generated profits.
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When nikki passes the first management quiz with flying colors, she credits her dedication and intellect. When she fails the first test, she blames it on a poorly worded test. This is an example of the ________ bias.
Nikki attributes her success on the first management quiz to her devotion and expertise. She claims that the first test was badly written after failing it. An illustration of skewed self-interest is this.
When we attribute positive results to our own activities or character while attributing negative results to external factors unrelated to our character, we are said to be engaging in self-serving bias. Self-serving bias has long interested academics all across the world. The self-serving bias can be problematic since we are less likely to learn from our mistakes and improve moving ahead if we don't accept responsibility for them. In order to succeed in accomplishing our goals and wishes in life, we must fail, learn from our errors, and then improve on them.Thus the right answer is self serving bias.
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employers provide a statement to each employee by january 31 for the previous calendar year's earnings; this form is called a .
This Form is called Wage and Tax Statement, W-2
What is Wage and Tax Statement, W-2 ?
Form W-2 is completed by your employer and contains important information needed to complete your tax return. Annual gross wages and federal, state, and other taxes deducted from payroll are reported.
What to do when an error occurs in W-2 ?
If you receive your W-2 and notice any errors in the form, such as misspelled names, social security numbers, incorrect amounts, or other issues, report them to your employer and ask them to correct your W-2.
How to use W-2 ?
Form W-2 is completed by your employer and contains important information needed to complete your tax return. Annual gross wages and federal, state, and other taxes deducted from payroll are reported. It may also include the following information:
Tips
Contribution to 401(k)
Donations to Health Savings Accounts
Employer-paid health insurance premiums
Various other information
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in this lab, your task is to use powershell to create a code integrity policy (cip) on the office2 computer (a golden system). then you will create and implement a group policy object (gpo) to implement this policy company-wide.
To Implement the Policy in the above-mentioned Lab the following steps must be taken:
Policy File Information:
An IT Security Policy establishes the rules and procedures for all personnel who access and use an organization's information technology assets and resources.
An Information Technology (IT) Security Policy establishes the rules and procedures for all personnel who access and use an organization's information technology assets and resources.
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When using a periodic inventory system, which statement concerning the computation of cost of goods sold is correct? A.Cost of goods available for sale includes net purchases plus the ending inventory. B.The amount of ending inventory is determined on the last day of the accounting period, C.Purchases represent cash paid for purchases during the accounting period. D.Freight-in is ignored.
The correct statement concerning the cost of goods sold in the periodic inventory system is statement (B) the amount of ending inventory is determined on the last day of the accounting period.
What is a Periodic inventory system?A system of inventory known as periodic inventory has updates made on a regular basis. This contrasted with perpetual inventory systems, where adjustments are made as necessary.On the final day of the accounting period, the ending inventory is calculated.No attempt is made in a periodic inventory system to maintain current records of either the inventory or the cost of products sold. Instead, these sums are only periodically determined, typically at the conclusion of each year. The quantity of inventory shown on the balance sheet is based on this physical count. The cost of items sold for the entire year is then calculated using a simple formula.Therefore, the correct statement concerning the cost of goods sold in the periodic inventory system is statement (B) the amount of ending inventory is determined on the last day of the accounting period.
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a man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. (a) find the amount after 2 years?
Investing $2000 in an account that pays 8.5% interest per year compounded quarterly will be worth $2365.46 after 2 years.
Compound interest bases each period's interest calculation on the total from the preceding period. This indicates that the principal for the current time period is now equal to the amount from the prior time period. Adding interest to the current principal sum is referred to as "compounding."
Principal invested = $2000
Rate of interest = 8.5% per year
Using the formula we get:
A = P(1+r/4)^4t
where A = final amount received after t years
P = principal amount invested
r = rate of interest
t = time in years
Substituting the values in the formula we get the following:
A = 2000(1+8.5/400)^4*2
= 2000(1.0212)^8
= 2000*1.1827
= $2365.46
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FILL IN THE BLANK. if a company learns that a competitor will introduce a new cake mix, it may use a ___ as a sales promotion to encourage its customers to stock up on its cake mixes and make the new launch less effective.
If a company learns that a competitor will introduce a new cake mix, it may use a deal as a sales promotion to encourage its customers to stock up on its cake mixes and make the new launch less effective.
In the field of business, a deal can be described as a sales promotion strategy in which customers are lured into buying products from a specific firm by offering the products of that firm at a discounted rate. Either two products of the same kind or different products made by the same firm are given as a part of the deal at a discounted rate.
In the scenario above, the cake mix company is using deal as a strategy to lure customers to buy their cake mixes only as they have a threat because of the new cake mix into the market.
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(Exhibit: Shift in Aggregate Demand) LRAS SRAS AD1 AD2 Assume that the economy is initially at point A with aggregate demand given by AD2. A shift in the aggregate demand curve to ADo could be the result of either a(n) money supply or a(n)in velocity in the decrease; increase increase; increase decrease; decrease increase; decrease
The aggregate demand curve to ADo could be the result of either a(n) money supply or a(n)in velocity in the increase, increase.
The mixture call for curve, or AD curve, shifts to the right because the additives of mixture call for—intake spending, funding spending, authorities spending, and spending on exports minus imports—rise. The AD curve will shift again to the left as those additives fall.
Aggregate Demand. Aggregate call for is calculated with the aid of using including the quantity of customer spending, authorities and personal funding spending, and the internet of imports and exports. It is represented with the subsequent equation: AD = C + I + G + Nx.
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Select the correct statement regarding opportunity costs. Opportunity costs need not be considered in decision making. Opportunity costs are not recorded in a financial accounting records. Opportunity costs represent sunk costs. All of these. Engineering design costs generally referred to as Batch level costs Faculty-level costs. Unit -level costs Product- level costs. ServicePro provides two kinds of services During the most recent accounting period, the two service lines produced the following operating results: If the company stops providing Service 2: The company 's income will decrease by $1, 500 per year. The company's income will increase by $1, 500 per year. The company's income will decrease by $3, 500 per year. The company's income will decrease by $3, 500.
The correct statement regarding opportunity costs is option B. Opportunity costs are not recorded in a financial accounting records. Opportunity costs represent sunk costs.
Engineering design costs generally referred to as Batch level costs Faculty-level costs. Unit -level costs Product- level costs. TRUE
If the company stops providing Service 2, d. The company's income will decrease by $1,500 per year.
What is an income?The concept “income” generally implies the total money, property, and other transfers of value gotten within a period of time in exchange for services or products. Income is also considered from the angle of the context in which the idea is applied or utilized.
Therefore, the correct answers are as given above.
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Which of the following is a benefit of insurance?.
The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.
What is an advantage of having insurance?
By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.
Describe three advantages of term insurance.
The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.
Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.
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according to marketing research, responses to influence sources similar to the recruit are likely to be unfavorable.
According to marketing research, responses to influence sources similar to the recruit are likely to be unfavorable False.
Its info which workforce individuals are answerable for recruiting. Evaluative evaluation techniques are used to slim down a pool of process applicants to a smaller institution of applicants. Distributive equity might be perceived as low. Try to decorate the procedural and interactional equity perceptions of rejected applicants. Try to preserve inner personnel that have been denied promotion.
Work samples measure process skills with the aid of using requiring an man or woman to illustrate competency in a state of affairs parallel to that at work, below practical and standardized conditions. Their number one cause is to assess what possible do instead of what one knows (Cascio and Phillips, 1979).
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What is local government expenditure?.
Kingdom and neighborhood widespread local government expenditure on faculties, fitness care offerings, and standard administration (amongst other activities inside the trendy authorities region) but exclude government-run liquor stores, utilities, and insurance trusts, which can be accounted for one by one in the census.
Costs talk over with the overall purchase price of a great or carrier. for example, if an enterprise buys a chunk of equipment for $30 million and it has a useful life of six years, this is a capital expenditure. charges talk to the quantity this is recorded for the motive of offsetting a company's revenue or earnings.
An expenditure represents a price with both cash or credit score to purchase items or services. it is recorded at a single factor in time (the time of purchase), compared to a price that is recorded in a period in which it's been used up or expired.
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Answer:building a new interstate highway
Explanation:
on december 31, calculated the payroll, which indicates gross earnings for wages ($56,000), payroll deductions for income tax ($5,600), payroll deductions for fica ($4,200), payroll deductions for american cancer society ($2,100), employer contributions for fica (matching), and state and federal unemployment taxes ($490). employees were paid in cash, but payments for the corresponding payroll deductions have not yet been made and employer taxes have not yet been recorded. collected rent revenue of $5,550 on december 10 for office space that lakeview rented to another business. the rent collected was for 30 days from december 11 to january 10 and was credited in full to deferred revenue.
The question has been solved by LAKEVIEW COMPANY.Current liabilities is explained below.
Balance sheet (Partial)
December 31
Current liabilities
FICA Payable=$4200 + $4200= $8400
Charitable contribution payable = $2100
Withheld income tax payable = $5600
State and Federal unemployment tax payable = $490
Unearned rent revenue = $5550 - $3800 = $1750
Total current liabilities = $18340
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if the absolute value of price elasticity is greater than 1, this means the demand curve in that region is: question 2 options: price elastic. price inelastic. unit price elastic. upward sloping.
If the absolute value of price elasticity is greater than 1, this means the demand curve in that region is price inelastic.
If a price inelastic for a product does not lead to plenty, if any, change in its delivery or call for, its miles are taken into consideration inelastic. commonly, it means that the product is considered to be a necessity or a luxury object for addictive materials. Examples would be gas, milk, and iPhones.
Elastic call for is used to explain the situation in which the exchange in demand is sensitive to a small alternate in the fee. as an example, if we see a massive trade within the price of Lays chips, purchasers are more likely to shift to an extraordinary brand, riding the call for down and vice versa.
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when investors buy stock with borrowed funds, this is sometimes referred to as group of answer choices use of proxy. purchasing stock on margin. a margin call. a margin residual claim.
When investors buy stock with borrowed funds, this is sometimes referred to as "purchasing stock on margin".
What is Purchasing stock on margin?Purchasing stock on margin entails borrowing money from your brokerage and investing it in more securities than you can buy with your available cash. Margin buying allows investors to increase their returns, but only if their investments outperform the cost of the loan.
When should you purchase stock on margin?As interest charges accumulate against you, your debt level rises over time. As debt grows, so do interest charges, and so on. Buying on margin is thus primarily used for short-term investments.The longer you hold an investment, the higher the required return to break even.When investors buy stock with borrowed funds, this is sometimes referred to as purchasing or buying stock on margin,
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What is the importance of TNC for developing countries?.
Transnational Corporations (TNCs) have been discovered to serve international economies by acquiring multinational managerial, technical, and behavioral skills and resources, and they have made significant contributions to the economic development processes of many developed and developing countries.
What impact do TNCs have on underdeveloped countries?
Concerns about the environment - TNCs can harm the atmosphere, water, and land. Many developing countries have less stringent pollution laws than developed countries.
Why are multinational firms crucial in a country's development?
They not only bring technological advancements, but also organizational structures. Other companies can raise their management levels because national standards rise once corporations begin operating in this country. Another role can be seen in the increased circulation of money in the economy.
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what failure on the failure spectrum led to the dissolution of the visual configurator platform company treehouse logic?
Exploratory experimentation led to the dissolution of the visual configurator platform company tree house logic.
There is an abundance of significant bits of knowledge while growing the outcome translation well beyond the self-evident, the normal, promising, or wanted. Rather than corroborative experimentation that attempts to lay out relationship and possibly causation, exploratory examinations are more centered around conceptualization, looking for verifiable connections that might be subsequently applied to characterize peculiarities and find likely causal consistencies.
Exploratory experimentation is theory-informed as opposed to theory-driven which implies that theory is as yet significant as a system for coordinating bits of knowledge, yet not so prohibitive as in corroborative experimentation that might hold the testing results "hostage".
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TRUE/FALSE reverse auctions should be used to gain market information (new suppliers, prices, new methods, etc.) and should be used as a routine sourcing method.
In a reverse auction, vendors compete to sell their goods and services for the highest bidder's price.
Given statement is True.
What Is a Reverse Auction?A buyer posts a request for a particular good or service in a reverse auction, inviting businesses to bid against one another to provide the requested good or service.Ultimately, the seller who is willing to accept the smallest sum is awarded the contract.In contrast to a traditional auction, in which the seller starts the bidding and the buyers raise the price, a reverse auction starts with the seller setting the starting bid. For competitive procurement of raw materials, supplies, and services like accounting and customer service, large corporations and the government both use reverse auctions. Even though they occasionally compromise quality, they can help save time and money.To Learn more About Reverse Auction refer to:
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Leon, Mia, Nestor, and Orina are employees of different-sized employers in different industries. Under the Fair Labor Standards Act, all employees in covered industries must be paid per houra minimum wage.
Employers of various sizes and in various sectors employ Leon, Mia, Nestor, and Orina. All workers in covered industries must receive a minimum wage per hour, according to the Fair Labor Standards Act.
A statute in the United States called the Fair Labor Standards Act (FLSA) was created to safeguard workers against particular unfair wage practices. As a result, the FLSA outlines a number of labor laws pertaining to employment in interstate commerce, such as minimum wages, requirements for overtime compensation, and restrictions on child labor.
One of the most crucial laws for businesses to comprehend is the FLSA, which was created in 1938 and has seen multiple amendments since then. It lays out a broad range of guidelines for how to deal with employees, whether they are salaried or paid by the hour.
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TRUE/FALSE. the balance sheet shows a firm's assets, liabilities, and owners' equity at a specific point in time.
It is accurate to say that a balance sheet lists a property, liabilities, and owners' capital at a certain period.
Is cash an asset or a liability?In a nutshell, yes—cash is the top item on a business's balance sheet and a current asset. The easiest way to acquire other assets is by using cash, because it is the most flexible sort of asset. The simplicity at whereas a property can be turned into cash is known as liquidity.
Simple liabilities are what?A liability is typically something owed to another person. The definition of duty is a risk or responsibility that is imposed by law. In their accounting records, companies discriminate between liabilities and assets.
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When shopping for life insurance, you should look for: a. a company with a low premium rate and a good rating. b. a company that gives you benefits, like rewards points. c. a company with an agent that you like and trust. d. a company that has many policies to choose from. please select the best answer from the choices provided a b c d
a. A company with a low premium rate and a good rating.
What is life insurance?
A contract between an insurance policyholder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance. Life insurance policies frequently used include Term life insurance and Whole life protection. All-encompassing life insurance protects a person from the possibility of suffering a financial loss in the event of death. It is a pure insurance protection contract, much like auto, house, or health insurance, and it does not involve a savings plan. The owner purchases a specific level of insurance and pays a yearly payment determined by the age of the insured.
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meetings that are held every year by corporations or associations to inform their members of previous and future activities are called
Meetings that are held every year by corporations or associations to inform their members of previous and future activities are called the Annual General Meetings.
What will be covered at the annual general meeting?
Directors present the company's financial performance at an annual general meeting (AGM), and shareholders vote just on issues at hand. Shareholders that are unable to attend the meeting in person may usually vote by proxy, which they can do online or by mail.
An annual general meeting (AGM) is a yearly gathering of organizations and their shareholders. Attendees request the board questions, vote on organizational issues, elect new directors, and interact with one another.
Therefore, During the annual general meeting, shareholders and the board of directors speak about business and vote on resolutions.
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Perhaps the most common definition of important interpersonal habits is soft skills, as opposed to hard skills, a term for the technical knowledge in your field. In a survey of managers, more than 60 percent cited soft skills as the most important factor in evaluating an employee’s on-the-job performance, followed by hard skills (32 percent) and social media skills (7 percent). The top three soft skills on the managers’ wish list were the ability to prioritize work, a positive attitude, and teamwork skills.For this post this, evaluate your own soft skills. What do you think you excel at and what do you think you need to develop more? Why? What soft skills will be important in your career field?
When assessing my own abilities, I think I'm great at setting priorities for the work and fostering great teamwork. I oversaw the publication of a variety of journals in my position as Journal Manager for my employer.
Every journal had a different workflow, which was very time-consuming because it involved a large number of tasks. The consequences of priorities missing even one step would be severe, and they might even be escalated to the top management. I was able to organize my workload, though, and the journal issues were released on schedule. In addition to this, I supported my team members in solving pressing teamwork problems and helped them finish their work on time. Because of this, the management gave me the "Best Team Player" award.
Despite receiving recognition for my excellent teamwork, I still need to teamwork improve my communication skills. One of my biggest weaknesses for my desired position as Team Leader was how quickly I react to criticism. I must improve my emotional intelligence (EI) if I want to be able to priorities manage my emotions and empathize with others. My ability to connect with others would improve as a result of this.
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in his job, damon often identifies causes of problems with telecommunication equipment. which is most likely his employer?
In his job, Damon often identifies the causes of problems with telecommunication equipment. Most likely his employer is a local cable company.
What is an employer?An employer is a person or organization that employs one or more people. Employers have a responsibility to provide a safe work environment, competitive wages, and benefits for their employees. They must also comply with all applicable labor laws and regulations. Employers have the right to hire, fire, promote, and discipline employees, within the confines of the law. Additionally, employers are responsible for withholding taxes from employees' wages and submitting them to the appropriate government agencies.
Damon's job description implies that he is working with telecommunication equipment, which is typically used in cable television and internet connections. Therefore, his employer is most likely a local cable company.
It can be concluded that in his job, Damon often identifies the causes of problems with telecommunication equipment. Most likely his employer is a local cable company.
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What is the type of investment that is used by a governments and companies to raise money by borrowing from investors?.
Governments and companies use bonds to raise money by borrowing from investors.
Bonds can be a wise choice for investors with less time to recover losses because they typically carry less risk than stocks. Bonds generate income in the form of coupon payments, which are made at regular intervals in a fixed amount.
Typically, the relationship between stocks and bonds is inverse, which means that when the stock market declines, bonds become more desirable.
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What are the 10 steps you should follow to start a business?.
To launch a business or firm means to start, make, or establish one.
What are the 10 steps to to start a business?Research the market. If there is a chance to develop your concept into a lucrative firm, market research will reveal this to you.Develop a business plan.Finance your enterprise.Choose the location of your company.Pick a business structure.Select the name of your company.Publish a business license.Obtain tax identification numbers from both the federal and state governments.Clear your aims.
Precise — be very clear about what you hope to accomplish. ensure that your success is measurable. Check that your goal is something you have the time and resources to accomplish. Make sure your goals are pertinent and enhance your business's key profit drivers.To Learn more About launch a business refer to:
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which of the following are true statements i. the area under a normal curve is always equal to 1, no matter what the mean and standard deviation. ii. the smaller the standard deviation of a normal curve, the higher and narrower the graph iii. normal curves with different means are centered around different numbers
The correct statement is the area under a normal curve is always equal to 1, no matter what the mean and standard deviation.
Standard deviation- The standard deviation in statistics is a measure of the amount of variation or dispersion in a set of values. A low standard deviation indicates that the values are close to the set's mean, whereas a high standard deviation indicates that the values are spread out over a larger range.
Mean- In mathematics, particularly statistics, there are several types of means. Each mean is used to summarize a specific group of data, often in order to better understand the overall value of set data.
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what is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent, for a car that originally sells for $52,000 when new but exponentially depreciates to $45,000 after 32 months?
It exponentially depreciates at a rate of 7.75% per year.
What do you mean by Depreciation ?
The depreciated cost can be defined as the value of an asset after its useful life is complete.It always allows for accounting records.It generally shows show an asset at its current value. The value of the asset is constantly. Depreciation expense is not an asset .Depreciation means that you write off the value of the asset over it's expected useful life.To know more about Depreciation from the given link
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Does the Fed pay interest on required reserves?.
The fed pay interest on required reserves , Regulation D, established by the Board of Governors, sets out guidelines for how Federal Reserve Banks must pay interest.
What is meant by fed pay interest ?Major central banks frequently use the payment of interest on bank reserve accounts as a tool for monetary policy. Beginning in late 2008, the Federal Reserve was given permission by Congress to pay interest on bank deposits held by the Fed. The Federal Reserve has since provided interest on those holdings.
The Fed limits the amount of money that is available for purchases when it increases interest rates. Numerous other expenses of borrowing are influenced by the federal funds rate. The rate is frequently used by banks as a benchmark for their "prime rate," which is the fee they assess to their most creditworthy clients.
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