If Uri wants to buy a sweatshirt that cost $16.28 and if the tax is 8% then she has to pay $17.60 to buy that sweatshirt.
To buy the sweatshirt, Uri will need to pay $17.60.
This is calculated by taking the original cost of the sweatshirt ($16.28) and multiplying it by the tax rate (8%).
This results in an additional cost of $1.32 to cover the tax, which is then added to the original cost of the sweatshirt, resulting in a total cost of $17.60.
16.28+1.2= $17.6
If Uri is paying with cash, he will need to make sure he has the exact amount to complete the purchase. If he is using a debit or credit card, he should double-check that the total cost is correct before completing the transaction.
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For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender
At the time of surrender, the person will receive C. a calculated amount of money which includes the premiums paid as well as the interest on that money. If the policy has been in effect for five years and has built up a cash value, the person may receive more than the initial premium paid, but it will be less than the death benefit.
The amount that the person will receive when they surrender their whole life insurance policy with a cash value clause will depend on several factors, including the current cash value of the policy, any outstanding loans or penalties, and the terms of the policy. In general, the person will receive the current cash value of the policy minus any outstanding loans or penalties.
The missing part in the question is shown below.
For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive:
A: one-fifth of the $20,000 face value.
B: $20,000 less the premiums paid.
C: a calculated amount of money which includes the premiums paid as well as the interest on that money.
D: a calculated amount of money that must be converted to a term life insurance policy.
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In a firm that uses special journals, an allowance given for damaged merchandise is recorded in the A. cash payments journal.B. cash receipts journal.
In a firm that uses special journals, an allowance given for damaged merchandise is recorded in the A. cash payment.
A firm, frequently abbreviated as "co.," is a legal designation for a collection of individuals with a shared objective who may be either natural, legal, or a combination of the two. The company's employees cooperate for a common goal in order to achieve clearly defined objectives. Companies can take many different forms, including:voluntary associations with a profit-making objective, such as for-profit businesses, banks, programs, or educational establishments.
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What are 3 scarce economic resources?
Three scarce economic resources are land, labor, and capital.
The land is a finite resource, meaning that there is only a certain amount of it available. It is used for agriculture, housing, and industry, and it is a key factor in economic production.
Labor is another scarce resource, as it encompasses the physical and mental abilities of individuals that are used to produce goods and services. Capital is the third scarce resource and consists of the money, goods, and machinery used in production. This includes items such as machinery, buildings, computers, and other tools used to produce goods and services.
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In which type of property management is a manager most likely to be involved in the enforcement of the building association's rules and regulations
Owners typically hire property managers to help them achieve their goals of earning a steady investment income while reducing the stress of day-to-day property management.
Property managers specialize in all operational aspects of a property, including managing security deposits and adhering to building safety standards.
A property manager is hired to manage the day-to-day operations of the property. This includes tasks such as collecting rent from tenants, setting market rents, finding and approving new tenants, reconciling leases, and tracking maintenance requests.
Each property has its own needs and the property manager's responsibilities are set out in the contract with the owner. Owners of multiple properties can look for a property management company to coordinate all operations and oversight.
Because property management involves complying with housing laws, some states require you to be licensed to manage properties as a real estate agent or licensed property manager. Property managers apply federal, state, and local requirements that address tenant screening, eviction, lease termination, and security deposit processing.
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the reconciliation of the bank statement is a process of comparing date on a bank statement with records maintained in the medical office
Reconciliation seems to be a schedule that accounts and for differences between an entity's cash balance on its bank statement and its cash balance on its general ledger. So the given statement is true.
What is meant by reconciliation of the bank statement?A bank reconciliation statement is a summary of all transactions (deposits, withdrawals, fees, and interest) on a company's bank account and their relationship to its financial records.A bank reconciliation statement is used to reconcile the balance of a bank account in the cash book and the final balance on the bank statement.The reconciliation process ensures the accuracy and validity of financial data. A proper reconciliation process also ensures that no unauthorized changes to transactions have occurred during processing.As a result, bank statement reconciliation is the process of comparing dates on a bank statement to records kept in the medical office.The complete question :
" The reconciliation of the bank statement is a process of comparing date on a bank statement with records maintained in the medical office. State true or false."
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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017. December 31 2016 2017 Cash $ 64,300 $ 15,640 Accounts receivable 26,240 19,100 Office supplies 3,160 1,960 Office equipment 44,000 44,000 Trucks 148,000 157,000 Building 0 80,000 Land 0 60,000 Accounts payable 3,500 33,500 Note payable 0 40,000 Required: 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. )
The total assets are $377,600 and the total liabilities are $73,500, resulting in total equity of $304,100.
What is asset?An asset is an economic resource that has a measurable value and can be owned, managed and exchanged.
December 31, 2016
ASSETS
Cash $64,300
Accounts Receivable 26,240
Office Supplies 3,160
Office Equipment 44,000
Trucks 148,000
Building 0
Land 0
Total Assets $285,600
LIABILITIES
Accounts Payable $3,500
Note Payable 0
Total Liabilities $3,500
EQUITY
Total Equity $282,100
December 31, 2017
ASSETS
Cash $15,640
Accounts Receivable 19,100
Office Supplies 1,960
Office Equipment 44,000
Trucks 157,000
Building 80,000
Land 60,000
Total Assets $377,600
LIABILITIES
Accounts Payable $33,500
Note Payable 40,000
Total Liabilities $73,500
EQUITY
Total Equity $304,100
The balance sheets for Nettle Distribution as of December 31, 2016 and 2017 show the total assets and total liabilities of the company. The total equity is the difference between the total assets and total liabilities. In 2016, the total assets are $285,600 and the total liabilities are $3,500, resulting in total equity of $282,100. In 2017, the total assets are $377,600 and the total liabilities are $73,500, resulting in total equity of $304,100.
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Which of the following statements is not correct? Multiple Choice An increase in a nation's labor supply will cause its potential output to increase. New technologies or new ways of producing output can cause a nation's production possibilities curve to shift outward. An increase in the quantity of a nation's resources will cause economic growth, but an increase in the quality of resources will not. Economic growth can be illustrated by an expansion of a nation's production possibilities curve.
B) Economic expansion will result from an increase in the quantity of a nation's resources, but not from an increase in their quality.
What is the outcome of economic growth?Understanding Economic Expansion From a macro perspective, there is an increase in GDP, a rise in disposable income per capita, and a decrease in unemployment rates as a result of the abundance of job opportunities. When expansion reaches its zenith, it reaches a peak. When there is a lot of demand for goods, prices start to go up, which is where inflation happens.
What prompted the expansion of the economy?Typically, expansionary periods are characterized by high asset prices, low unemployment, and a high level of consumer and business confidence. Productivity gains, consumer spending, government spending, and foreign investment are just a few of the many possible reasons for an expansion.
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the waverly brush company issued 4000 shares of common stock worth 20000000 total what is the par value of ewach satere
The par value of each share would be $5.00. Par value, also known as "face value" or "nominal value," is the value assigned to a stock or bond by the issuing company.
It is usually a very small fraction of the market value of the stock or bond, and it is used as a reference point to determine the minimum price at which the stock or bond can be sold.
For common stock, the par value is often set at a very low dollar amount, such as $0.01 or $0.001 per share. It is important to note that the par value has no relationship to the market value of the stock, which is determined by supply and demand forces in the market.
This is calculated by dividing the total value of the issued shares ($20,000,000) by the number of shares issued (4,000).
$20,000,000 / 4,000 = $5.00 per share.
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What are the 3 things that help you get started in setting a budget?
If budget is something you want to do, prepare a plan for how you'll make it happen. For instance, you must set aside time and implement procedures that will make the budget-making process easier.
Just what is a budget?An essential stage in creating a budget is estimating the overall income and expenses for the new fiscal year. For further analysis, this value may then be split up into several intervals, such as quarter and months.
What does a budget category include?Each budget is modified to accommodate the current financial state of the company. Below are some examples of simple budgets: Red flag budget is another name for this spending plan. The business has developed a fundamental budget.
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Which of the following describes both the growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights ?
A. Big Data
B. Blog Mining
C. Data Visualization
D. Machine Learning
A. Big Data describes both the growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights.
Big data refers to the enormous, difficult-to-manage volumes of structured and unstructured data that daily deluge enterprises. However, what organizations do with the data matters more than just the type or volume of data.
Big data analysis can produce insights that help with decision-making and provide assurance when making critical business actions. Ig data is a general term for data that is too big, moving too quickly, or too complicated to process conventionally.
Large-scale data access and storage for analytics has been practiced for a very long time. However, the idea of big data took off in the early 2000s when industry analyst Doug Laney defined it in terms that are now widely accepted.
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Please decide which career field each of the following career clusters fit into. If they fit into more than one, list all possibilities.
District attorney, paralegal, police officer, corrections officer, parole officer
Farmer, geologist, food science expert, chef, botanist specializing in genetically modified crop seeds
Car salesman, social media manager, convenience store manager, online customer service rep
CEO, human resources manager, personal assistant
Front desk manager, housekeeping, travel agent, tour bus operator, amusement park ticket reservations agent
Answer:
District attorney, paralegal, police officer, corrections officer, parole officer - Law and Public Safety
Farmer, geologist, food science expert, chef, botanist specializing in genetically modified crop seeds - Agriculture, Food, and Natural Resources
Car salesman, social media manager, convenience store manager, online customer service rep - Marketing, Sales, and Service
CEO, human resources manager, personal assistant - Business Management and Administration
Front desk manager, housekeeping, travel agent, tour bus operator, amusement park ticket reservations agent - Hospitality and Tourism
Corporate social responsibility is Question 1 options: an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. principles, values, and norms that primarily guide individual and group behavior in the world of business. the institutionalization of business ethics into all levels of business decision making. a business's responsibility to manufacture products that function properly.
Corporate social responsibility is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
Corporate social responsibility is a strategy that encourages businesses to work in ways that benefit society and the environment rather than harming them. CSR aids in enhancing a number of societal facets as well as enhancing the reputation of businesses.
Environmental responsibility, ethical obligation, philanthropic responsibility, and economic responsibility are the four basic categories of CSR. Companies can, however, also take into account various CSR initiatives, including diversity and inclusion, management, well-being, and employee.
Companies should give their CSR marketing strategies a lot of thought. Such programs can have a significant positive impact on the neighborhood and offer numerous chances for shareholders and business owners to gain new clients and advance society.
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Which of the following is NOT an assumption of the economic order quantity model shown below?
Select one:
a. The only variable costs are setup cost and holding (or carrying) cost.
b. Quantity discounts are not possible.
c. Production and use can occur simultaneously.
d. Demand is known, constant, and independent.
e. Lead time is known and constant.
Production and use can occur simultaneously is NOT an assumption of the economic order quantity model.
The optimal order amount a business should place in order to reduce its inventory costs, such as holding costs, shortage costs, and order charges, is known as the economic order quantity (EOQ). Inventory management, which is the control of the ordering, holding, and use of a company's inventory, is required to use EOQ. Inventory management is entrusted with figuring out how many units a business should add to its stock with each batch order in order to lower the overall cost of its stock.
The EOQ model aims to make sure that the appropriate amount of inventory is ordered per batch so that a company does not have to place orders too frequently or have an excess of inventory on hand.
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In a new margin account, a customer sells short 1,000 shares of XYZ at $30 per share and deposits the required margin. If the stock subsequently falls to $25 per share, the equity in the account is A) $20,000. B) $15,000. C) $10,000. D) $25,000.
11000, Investors should treat the transactions inside a mixed-margin account as separate. For both purchase and short sell, the investor will require $6,000 and $5,000, respectively.
Which one of the foregoing will fulfil a $1,000 Reg T margin call?the $1,000 cash deposit or a $2,000 deposit of fully paid securities for margin. A customer may deposit $1,000 in cash or $2,000 in completely funded into among stocks that have a loan amount of $1,000) to satisfy a $1,000 initial margin call.
How is margin account calculated?If the stock subsequently falls to $25 per share, the customer can buy back the borrowed shares for a total cost of $25,000 (1,000 shares x $25 per share). The customer then returns the shares to the broker and keeps the difference between the sale price and the buy-back price as profit.
In this case, the difference between the sale price and the buy-back price is $5,000 ($30,000 - $25,000). So the equity in the account would be $5,000.
So the answer would be C) $10,000.
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When a business has too many staff members in the store for the amount of customer traffic, it's known as:
When a business has too many staff members in the store for the amount of customer traffic, it's known as Overstaffing.
The activity of running a business involves creating, acquiring, and reselling goods in order to support one's lifestyle. "Any activity or enterprise undertaken into for profit" is also included. The owner of the business is responsible and liable for any obligations that the company incurs since the existence of a business name does not make the owner of the business separate from the business entity. The owner's personal belongings may be taken by the creditors if the company accrues debt. Rates of corporation tax are not permitted in a firm structure. All business profits are subject to individual taxation for the proprietor. Additionally, a corporation or cooperative may be included when using the phrase in a colloquial sense.
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This organization specializes in endoscopy issues and has established standards for the effective processing of flexible endoscopes. Voluntary or Regulatory?
This organization specializes in endoscopy issues and has established standards for the effective processing of flexible endoscopes is Voluntary.
A long, elastic tube known as an endoscope is inserted down your neck and into your esophageal during an endoscopic treatment. Your doctor can inspect your esophagus, stomach, and duodenum.
The first section of the small intestine uses a camera mounted on the end of an endoscope. For upper endoscopies, intermediate or heavy sedation is most frequently used; other options include no anesthesia, very light sedation, and general anesthesia.
Propofol, benzodiazepines, and narcotic anesthetics are a few that may be utilized to lessen discomfort and anxiety. Endoscopy is generally fairly safe, although there are a few possible side effects that could occur, such as Perforation (rip in the gut wall) (tear in the gut wall) a response to sedation Infection.
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. Problems and Applications Q7 A case study in the chapter describes a phone conversation between the presidents of American Airlines and Braniff Airways. Let's analyze the game between the two companies. Suppose that each company can charge either a high price for tickets or a low price. If one company charges $300, it earns low profits if the other company also charges $300, and high profits if the other company charges $600. On the other hand, if the company charges $600, it earns very low profits if the other company charges $300 and medium profits if the other company also charges $600. Complete the following decision box for this game. Braniff's Decision High Price Low Price High Price American's Decision Low Price The Nash equilibrium outcome in this game is for American to set a price and for Braniff to set a True or False: Consumers would lose if the two airlines collude to earn higher profits than those given by the Nash equilibrium. True O False
Customers would suffer if the two airlines banded together to generate profits that were larger than those predicted by the Nash equilibrium. It is real.
What is Nash equilibrium in prisoner's dilemma?If the opposing player has chosen a strategy and won't modify it, it is in a Nash equilibrium, which indicates it is the optimum course of action. As an illustration, in the Prisoner's Dilemma game, admitting is a Nash equilibrium since it is the best result when considering the expected actions of others.Each player is supposed to be aware of the other players' equilibrium strategies in a Nash equilibrium, and changing just one of them will not benefit anyone.When players maintain their current positions while aware that changing them will result in a worse situation, Nash equilibrium occurs. When each player decides on the best course of action without regard to the opponent's move, the situation is said to be dominant. The Nash equilibrium was called.To lean more about Nash equilibrium refer to :
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The use of outsourcing is primarily designed to reduce _____________ for the business that is implementing this strategy
Costs is right option. The use of outsourcing is primarily designed to reduce Costs for the business that is implementing this strategy
Outsourcing is a strategy used by businesses to reduce costs by shifting certain processes, such as manufacturing, to outside providers. Outsourcing allows businesses to focus on their core competencies, reduce overhead costs, increase efficiency, and potentially increase profitability. Additionally, it can help businesses access specialized expertise and services they may not have the resources or capabilities to provide in-house.
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What is the importance and benefits of organic farming?
Organic farming is a sustainable form of farming that focuses on producing high-quality food without the use of synthetic inputs such as fertilizers and pesticides. Organic farming has many benefits for both the environment and human health.
It helps maintain biodiversity by reducing the use of chemicals and fertilizers that can pollute the environment. It also helps protect water sources from contamination and reduces soil erosion and compaction. Organic farming also has many health benefits as organic produce does not contain synthetic chemicals and is grown using natural methods. It is also known to contain higher levels of vitamins and minerals due to the healthier soil in which it is grown. Organic farming also helps support small farmers and local economies by providing greater demand for local produce.
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Money has evolved over time from
being printed on valuable substances (commodity money) to merely representing those valuable substances (commodity-backed money) to not representing anything at all (fiat money). The values of both fiat money and commodity money are determined by supply and demand. They both require faith that you will be able to spend them tomorrow. So, they are both the same in that respect. The only difference between fat and commodities is that the fiat is issued by a government, and the government can issue as much as it wants. Some people are worried about our economy because the government can print as much fiat money as it wants. However, the amount of gold and silver can't just be produced just like that, their value is derived by demand and supply where supply can't be unlimited unlike Fiat money. Do you agree or disagree with this concept? Explain your answer.
Yes, i completely agree with this concept. As fiat money has unlimited supply due to the fact that it is printed. However, gold and silver are natural resources and have limited supply and can exhaust overtime.
Give a brief account on fiat and commodity money.Fiat currency's value is mostly determined by public confidence in the issuer. On the other hand, the value of commodity money is determined by the substance used to make it, such as gold or silver. As a result, commodity money frequently has intrinsic value as opposed to fiat money. Fiat currency may become worthless if public opinion about the authority issuing it changes. Contrarily, commodity money maintains value according to the metal or other material composition it contains. As a result of having no inherent value, fiat currency is more susceptible to inflation. Despite having intrinsic worth, commodity money is subject to significant price swings due to shifting commodity prices. In the case of silver coins, for instance, a significant silver find could result in inflation if the value of the silver currency plummeted.
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How do you do comparative shopping?
When a customer clicks on a product of yours, they are taken to your website, where they can complete their purchase. Comparison shopping engines include the following: Shop on Go-ogle. Pricegrabber.
How does a customer benefit from comparison shopping?Before making a purchase decision, consumers frequently engage in the practice of comparison shopping, in which they compare the prices of multiple products from multiple retailers. Comparison shopping is particularly popular for purchases of higher-value goods and services because price is frequently a deciding factor.
How can you learn to compare prices in practice?Read advertisements in newspapers, make calls, browse the web, and visit various stores to compare prices effectively. You can negotiate with retailers to get them to match or even come close to the lowest price using prices you find online.
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During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration. Currently, net income is $93,000. A. An insurance policy covering 12 months was purchased on October 1, 2021, for $19,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021. B. During 2021, the company received a $3,300 cash advance from a customer for services to be performed in 2022. The $3,300 was incorrectly credited to Service Revenue. C. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,400 were on hand at December 31, 2021. D. Trojan borrowed $63,000 from a local bank on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021
The insurance policy was purchased on October 1, 2021, for $19,800. (Option A)
How do you explain the above answer?As the entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021, we should make an adjusting entry to record the insurance expense for the period October 1, 2021 to December 31, 2021.
We can calculate the expense by multiplying the cost of the insurance by the ratio of the number of days in the period October 1, 2021 to December 31, 2021 to the total number of days in the policy (365).
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Can you think of any product or service that was in high demand, but, now, has become irrelevant or unnecessary
A product that used to be in high demand was cassette tapes, but now they are unnecessary because there was new technology, such as iPhones, Bluetooth, CD's, and DVD players. The demand declined because they caused the demand of cassette tapes to decline.
Who wants to buy a thing is determined by market demand. This is determined by how ready individuals are to spend a certain amount of money on a certain product or service. Price increases in lockstep with market demand. When demand declines, so do prices.
Increased demand benefits both profits and the economy. That is why it is such an essential notion. Supply and demand are tightly intertwined. While consumers want the best deal on products and services, suppliers aim to maximise earnings. The amount requested is influenced by price, buyer income, the pricing of comparable items, consumer tastes, and any customer expectations of future supply and price.
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For stability and economic reasons, we operate the transmission line with power angle in the range of:
The load, torque, or power angle is the name given to this lagging angle. " stands for it. The maximum torque angle required for stable functioning is 90°, or 0° to 90°.
What does a transmission line power angle mean?The power angle is the angular relationship between the internal and terminal voltages of a generator or the voltages at the source and load points of an electrical transmission line.
What does the power angle mean and why does it matter in the power system?When the power angle of a synchronous machine is changed, the Power Angle Curve provides information about its electrical power output. As we climb from 0 to 90°, the output grows sinusoidally, as can be seen from this chart. But a power angle that is more than 90 degrees.
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Economic guided reading 7-3
The economy fluctuates between periods of expansion (growth) and contraction, which is referred to as the "economic cycle," sometimes known as the "business cycle" (recession).
What is Economic cycle?The present stage of the economic cycle can be determined using variables like gross domestic product (GDP), interest rates, total employment, and consumer expenditure.
Since the economic cycle directly affects stocks, bonds, profits, and corporate earnings, understanding it can help investors and businesses decide whether to invest and when to withdraw their funds.
The stage of the economic cycle we are in at the moment can be determined by variables like GDP, interest rates, total employment, and consumer spending.
Therefore, The economy fluctuates between periods of expansion (growth) and contraction, which is referred to as the "economic cycle," sometimes known as the "business cycle" (recession).
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Company X is sorting through prospective job applications for an open position in their finance department. Twenty percent of the applicants have MBAs, and 30% of the applicants have 5 or more years of work experience. If 40% of the MBA applicants also have 5 or more years of work experience, what percent of applicants have no MBA but do have 5 or more years of work experience
22% of the applicants have no MBA but do have 5 or more years of work experience
To calculate the percent of applicants who have no MBA but do have 5 or more years of work experience, we can use the following steps:
Find the percentage of applicants who have an MBA: 20%
Find the percentage of applicants who have 5 or more years of work experience: 30%
Find the percentage of applicants who have an MBA and 5 or more years of work experience: 40% of the MBA applicants also have 5 or more years of work experience, so
= 40% of 20%
= 8%
Subtract the percentage of applicants who have an MBA and 5 or more years of work experience from the percentage of applicants who have 5 or more years of work experience:
= 30% - 8%
= 22%
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A businessperson is returning from a trip to china and has 409.31 yuan in their wallet. the most current currency conversion rate is 1 u.s. dollar:6.4651 yuan. how much money will the businessperson have when they convert their money to u.s. dollars?
a. $2646.23
b. $415.78
c. $402.84
d. $63.31
A businessman with 409.31 yuan in their wallet is coming back from a vacation to China. The most recent exchange rate is 1 US dollar to 6.4651 Chinese yuan. When the businessperson will convert their money to u.s. dollars, he will have $63.31.
What do you mean by exchange rate?
The worth of one currency in respect to another, or the rate at which one currency will be exchanged for another, is known as a currency's exchange rate.The foreign exchange market, often known as Forex or FX, which is a worldwide decentralised market for the trading of currencies, determines the exchange rates of such currencies.
Most currency conversion rate is 1$ = 6.4051 yuan
So, 409.31 yuan = 409.31 - 6.4051
= $63.31
So, The correct option is D.
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What are the advantages of earning your own money to purchase something special? explain the advantages using specific details and examples in your response?
When people use their own money to buy something exceptional, they will spend less, value it more, and be inspired to repeat the action.
What is the importance of earning in life?You can establish a business, create the home of your dreams, support your family financially, and pursue other objectives you think would improve your quality of life if you have money.
It aids in the acquisition of some of life's intangibles, like freedom or independence, the chance to fully utilize our abilities and skills, the power to choose our own course in life, and financial security. Money allows for a lot of good deeds and the avoidance or end of avoidable misery.
You wait and save your money, and when you do, you'll get double as much as you did before. and that is the first benefit of making your own money and purchasing wonderful things with it.
Therefore, the answer is:
The advantages of people earning their own money to purchase something special are they will spend less money, value it more, and they will have the motivation to do it again.
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According to the _____principle, every employee within a hierarchy tends to rise to his or her level of incompetency.
According to the Peter Principle, every employee within a hierarchy tends to rise to his or her level of incompetency.
Give a brief account on the Peter Principle.The Peter Principle describes the observation that every employee tends to advance through the organisational structure, such as that of a corporation, until they reach a degree of individual incompetence. In other words, a front-office secretary who excels at their work can be promoted to the position of executive assistant to the CEO despite not having the necessary training or experience. In this case, the secretary would have been more effective if they had not been elevated.
Accordingly, the Peter Principle is based on the paradoxical notion that competent employees will continue to be promoted, but at some point, they will be promoted into positions for which they are incompetent, and they will then remain in those positions because they do not exhibit any further competence that would make them eligible for additional promotion. The Peter Principle states that every position in a particular hierarchy will eventually be filled by workers who are unable to carry out the responsibilities of their separate positions.
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The economic cost to society each year from crashes and injuries on US highways is about _________ dollars.
The economic cost to society each year from crashes and injuries on US highways is about 242 billion dollars. Economic cost compares the benefits and drawbacks of various options.
Economic cost is the sum of all losses involving items that have been valued by a single person. Economic cost is primarily used by economists as a tool to assess the wisdom of one course of action vs another. The comparison takes into account both the profits and costs a course of action would have avoided, as well as those of the actual course of action. Due to the inclusion of opportunity cost, economic cost differs from accounting cost. Accounting costs are sometimes referred to as explicit costs and opportunity costs as implicit costs. Economics uses a wide variety of cost definitions. The explicit cost, also known as the accounting cost, is the price that someone pays when they purchase a candy bar at a store for $1. However.
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