(a) Employees who have physical custody of assets do not have access to the accounting records - Segregation of duties
(b) Each month, the assets on hand are compared to the accounting records by an internal auditor - Independent internal verification
(c) A prenumbered shipping document is prepared for each shipment of goods to customers - Documentation procedures
What is the segregation of duties?The idea of assigning a task to more than one person is known as separation of duties. Organizations use it as an administrative measure to guard against security breaches such as fraud, sabotage, theft, and information misuse.
Everyone in the business has access to the documents that describe your documented procedures. They detail every action that must be taken and consistently repeated for specific tasks.
Data prepared by employees is examined, compared, and reconciled as part of independent internal verification. Verification should be conducted on a routine basis or on an unexpected basis.
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The entry to close the expense accounts includes: a debit to Dividends and credits to the respective expense accounts. debits to the respective expense accounts and a credit to Retained Earnings. a debit to Retained Earnings and credits to the respective expense accounts. debits to the respective expense accounts and a credit to Dividends.
The entry to close the expense accounts includes a debit to Retained Earnings and credits to the respective expense accounts.
A business closes its books at the end of each fiscal year to be ready for the following one. A series of journal entries are used to transfer the whole balance of each revenue and expense account to the company's balance sheet, leaving the revenue and expense accounts with a zero value.
The accountant must enter a journal entry that credits each expense account for its year-end amount because expense accounts often have a debit balance. The other side of the entry will be made to a temporary holding account called "income summary." The income summary will subsequently be converted into retained earnings, an equity account on the balance sheet.
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egrane, incorporated's monthly bank statement showed the ending balance of cash of $19,900. the bank reconciliation for the period showed an adjustment for a deposit in transit of $2,200, outstanding checks of $3,400, an nsf check of $2,100, bank service charges of $100 and the eft from a customer in payment of the customer's account of $2,900. what was the cash balance on the egrane's books (before the adjustments for items on the bank reconciliation)?
According to the information provided, Egrane's books show a cash balance of $18,000.
What is Balance, exactly?The amount per bank is the final cash balance that shows on a cash book. The corporation will make accounting estimations to its own finance book balance to resolve the mismatch between its own balance and the balance per bank.
Briefing-Below is a calculation of the cash balance prior to the adjustment:
= Final cash balance plus deposit in transit minus unpaid checks plus NSF plus bank fees minus payment
= $19,900 + $2,200 - $3,400 + $2,100 + $100 - $2,900
= $17,615
Hence, the cash balance is $18,000
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absolute privilege grants immunity in situations where: a.the plaintiff is a public figure. b.public policy favors complete freedom of speech. c.the defendant did not intend to cause harm. d.businesses stand to lose money.
Absolute privilege confers immunity when (c) the defendant had no malicious intent.
What is public policy?Public policy is a set of guidelines, directives, plans of action, and budgetary priorities affecting a certain topic that have been developed by a governmental entity or its representatives. Informing the public on healthy lifestyle choices, such as what they eat, how much exercise they get, and the risks of smoking, are some instances of public policy.
What is the aim of public policy and what are the types it?Public policy plays a crucial role in improving the quality of life in society and ensuring that products and services are delivered. Additionally, it is viewed as a method of future prediction and a mechanism for the growth of the economic-social systems.
Public policy, organizational policy, functional policy, & specific policy are the four different categories of policies. A path of action put forth by a group or a person is referred to as a policy.
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Long lead times contribute to which risk?
Risk of obsolescence
Lead time is the amount of time that passes from the start of a process until its conclusion.
Reduction in lead time can streamline operations and improve productivity.
Lead time measures how long time it takes to complete a process from beginning to end.
Lead time = pre-processing time + processing time + post-processing time.
goods with long lead times run the risk of obsolescence by the Manufacturing time. When a product has a short turnaround window, the company runs a small risk of the good no longer being in demand by the time it is finished. A shorter lead time may lead to fewer labors cost.
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mike, a former key employee of abc company, has just left the company for another opportunity. he was entitled to a nonqualified benefit as a result of his status and tenure. how long must he wait before he can commence distributions from this plan?
As Mike was entitled to a nonqualified benefit as a result of his status and tenure, he should wait b) 2 months before he can commence distributions from this plan.
Mike has worked hard for many years and is now entitled to a non-qualified benefit from his current employer.
To access these funds, he must wait for two months before he can begin making distributions from this plan. If he does not wait two months, then he will not be able to access these funds. It is a legal requirement to wait for two months to get a nonqualified benefit.
During this time, Mike should explore his options and make an informed decision on how best to use the funds. Doing so will ensure that Mike can maximize the value of the benefit he has earned.
Although a part of your question is missing, you might be referring to this question:
Mike, a former key employee of abc company, has just left the company for another opportunity. He was entitled to a nonqualified benefit as a result of his status and tenure. How long must he wait before he can commence distributions from this plan?
a) 3 months
b) 2 months
c) 4 months
d) 5 months
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vvA leader should avoid a directive leadership style when ________.tasks are highly structuredworkers have an external locus of controltasks are stressful and ambiguouswork groups experience conflictA leader should avoid a directive leadership style when ________.tasks are highly structuredworkers have an external locus of controltasks are stressful and ambiguouswork groups experience conflict
A leader should avoid a directive leadership style when tasks are highly structured.
One of the most popular types of leadership practiced nowadays is directive leadership. The directive leader will begin a venture, relegate undertakings to their immediate reports to complete the task, and set specific necessities for the type of work being created. These pioneers lay out courses of events, frame assignments, and uphold severe rules and limits.
An directive leader is bound to underscore their own perspectives and encounters than those of others. They decided the way of the mission and vision. That infers that the pioneer isn't committed to get ideas or contribution from their nearby reports. How well they do their given liabilities is the main component used to assess their work execution.
Leaders who are directives should comprehend how to complete a task. They should have confidence in their ability to pass this information on to others without appearing to be haughty. To keep away from postponements or efficiency misfortunes, they should have the option to recognize when somebody is battling their power.
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What are nongovernmental organizations quizlet?
A non-profit, voluntary citizens' organisation that is based locally, nationally, or internationally that runs independently of the government, typically to distribute resources or further some social or political goal.
What is meant by nongovernmental organization?This includes non-profit corporations, private foundations and funds, charitable trusts, societies, associations, and nonprofit organisations. It also includes independent public policy research organisations, advocacy groups, groups that defend human rights and advance democracy, and humanitarian groups. Political parties are excluded. Along with "NGO," other terminology used include "private voluntary groups," "civil society," "independent sector," "self-help organisations," "grassroots organisations," "volunteer sector," "transnational social movement organisations," and "non-state actors" (NSAs). An NGO, according to the UN, is a private, non-profit organisation that is unaffiliated with the government and is not just an opposition political party. In Western nations, the welfare state was restructured, which led to the quick growth of the non-governmental sector.To learn more about Non governmental organizations, refer to:
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contreras corporation acquired a patent on may 1, 2020. contreras paid cash of $35,000 to the seller. legal fees of $1,500 were paid related to the acquisition. what amount should be debited to the patent account?
The amount that should be debited to the patent account is $36,500 ($35,000 + $1,500).
What is patent and patent account? A patent is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention. The procedure for granting patents, requirements placed on the patentee, and the extent of the exclusive rights vary widely between countries according to national laws and international agreements. Typically, however, a patent application must include one or more claims that define the invention. A patent may include many claims, each of which defines a specific property right.Patent account is an accounting system used to track the costs associated with obtaining, maintaining and enforcing patent rights. It includes the tracking of patent applications, patent maintenance fees, legal fees and other expenses associated with protecting patent rights. It also includes the tracking of income from patent licensing and other sources of income derived from patent rights.To learn more about patent account refer to:
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rossdale flowers has a new greenhouse project with an initial cost of $374,000 that is expected to generate cash flows of $47,700 for 12 years and a cash flow of $63,100 in year 13. if the required return is 8.8 percent, what is the project's npv?
Rossdale flowers have a new greenhouse project. The NPV = ($6,864.09) of the Project. Store the annual nominal interest rate in I/YR, and press SHIFT, then NPV. NPV = ($6,864.09) or -$6,864.09.
What is the NPV?The current value of a payment stream from a business, project, or investment is determined using net present value (NPV). You must predict the timing and size of future earnings to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
The market price of each cash flow throughout a project is used to compute NPV. The initial investment in the investment is then deducted from the purchase price of the cash flows. The project will just be financially successful if the differential is positive (higher than 0).
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What is Article 17 of the code of ethics?
Realtors ® shall submit the issue to arbitration in accordance with the Board's policies, as opposed to litigating the matter, if mediation is not successful in resolving the dispute or if mediation is not needed.
What is an Article 17?Abolition of Untouchability, Article 17 of the 1949 Indian Constitution. Untouchability is outlawed, and any form of its use is prohibited. Any disability imposed as a result of untouchability is illegal and will be punished accordingly.According to Article 17 of the Indian Constitution, "Untouchability" has been abolished and is never permitted to be practiced. Any impairment that is enforced as a result of "Untouchability" is illegal and will be punished accordingly.According to Article 17(7), Member States are required to make sure that "the cooperation between online content-sharing service providers and rightsholders" does not deprive users of their rights.To learn more about Article 17 refer to:
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Chris faced many challenges during the movie, yet he still achieved many of his goals. Describe a minimum of three decisions he made or behaviors/personality traits that he demonstrated that helped him reach his goals.
Chris challenges a good role model for his kid even though they were homeless for a while he would put on a happy face and try to like turn it into something fun for his kid when they had to sleep in the bathroom.
He never gave up on anything and when he learned that the job he was really pushing for didn't pay, he still went after it despite the high likelihood that he wouldn't even get the job that could hurt. He worked even when he wasn't getting paid, which paid off in him getting the job he dreamed of. He always had a positive outlook on life. At the train station, he made it seem like the time had turned back, and they had to find a cave.
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Can Super PACs make contributions?
A committee that contributes to other federal political committees is referred to as a "PAC" in this context. Independent-expenditure-only political committees, also known as "Super PACs," are allowed to collect a limitless amount of funding, including from businesses and labour unions.
Once a Super PAC has made or spent more than $1,000 in one calendar year, it is considered a political committee. Following that point, the committee must register using the Statement of Organization, Form 1 within 10 days. Before reaching the $1,000 mark, a PAC may register and start reporting.
In connection with any federal, state, or local election, federal law forbids contributions, gifts, expenditures (including independent expenditures), and disbursements made directly or indirectly by or from foreign nationals.
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karen is conducting a risk analysis for her organization and identifies that one potential threat is a widespread power outage that disrupts service to her organization's datacenters. how should karen classify this threat?
Karen finds that one potential hazard while conducting a risk study for her organization . Karen should categorize this hazard as environmental.
What are the definition and examples of organization?A formal grouping of people known as an organization could be a company, a charitable organization, a political party, or a club. These specialist schools are mostly run by nonprofit organizations. a report from the International Labor Organization. A corporation, institution, organization, or other grouping of individuals for a certain purpose is referred to as an organization.
What accomplishes an organization?An company's primary goal is to comprehend and efficiently manage the business. Clarifying the organization's objectives and bringing all the staff together are the major objectives.
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3 1.5 Which of the following best describes corporate governance?
O Corporate governance is the system of rules and regulations surrounding financial reporting.
O Corporate governance is the system by which companies and other entities are directed and controlled.
O Corporate governance is carried out by the finance department in preparing the financial statements.
O Corporate governance is the system by which an entity monitors its impact on the natural environment. (2 marks)
The statement which best describes corporate governance is that corporate governance is the system by which companies and other entities are directed and controlled. The correct option is b.
What is corporate governance?Corporate governance refers to the system of rules, practices, and processes by which a firm is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the government, and the community. Bad corporate governance can cast doubt on a company's operations and its ultimate profitability.
Corporate governance is the structure of rules, practices, and processes used to direct and manage a company.
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go rving, a u.s. company, built a subsidiary from scratch in england. this is an example of: ____.
Go Rving, a U.S company, built a subsidiary from scratch in England. this is an example of greenfield venture.
One country that is part of the United Kingdom is England. It is bordered by Wales and Scotland to the west and north respectively. The Celtic Sea lies to the southwest and the Irish Sea to the northwest. It is separated from mainland Europe by the North Sea to the east and the English Channel to the south.
Modern humans originally inhabited the area now known as England during the Paleolithic period, but he arrived there between the 5th and 6th centuries, and the Anglian Peninsula was named after the Germanic Ethnic Angular.
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What type of ERP system is implemented onsite and maintained in physical office space within an organization?
In order to have complete control, support, and ownership, on-premise ERP software is built and maintained on-site in actual office spaces within a firm.
What is an ERP?Enterprise resource planning (ERP), which is the integrated management of crucial business processes, occasionally occurs in real time and is aided by software and other technical breakthroughs. There are options for local and cloud-based ERP solutions. Cloud-based apps have grown in popularity recently because information is now instantly available from any location with Internet connectivity. ERP provides a comprehensive and continuously updated view of key business operations using common databases maintained by a database management system. The status of all contractual obligations, such as orders, purchase orders, and payroll, as well as the firm's resources, such as cash, raw materials, and production capacity, are all tracked by ERP systems. The numerous departments that supply the data are divided up by the system's apps.
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sondra is a business angel who is looking for a start-up company in which to invest. which company would she most likely invest in based on current research?
Sondra, a business angel would likely invest in A company that currently has fewer than 20 employees and has plans to grow, based on current research.
A business angel is a private individual, typically with a significant net worth and business acumen, who invests directly in emerging and developing private firms. Business angels can invest alone or as part of a syndicate, with one angel often taking the lead.
Business angels are experienced entrepreneurs who help founders build their firms by providing funding, advice, and access to their network. In more than 60% of situations, business angels invest in the first year of a startup's existence.
Angel Investors typically behave in their own self-interest, giving back while making money (but not just for the money). They love being involved in the process as well as working with firms once they have invested.
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What is C language or Java?
C is a universally useful, organized, procedural, and significant level programming language while Java is likewise an article arranged, class-based, major areas of strength for static, safe, and undeniable level programming language.
C was created by Dennis MacAlistair Ritchie in 1972 at Ringer Labs. The replacement of the C language was CPL (Joined Programming Language). It is fundamentally utilized for framework programming, for example, to foster the working framework, drivers, compilers, and so on.
The most popular illustration of the working framework that was created utilizing C language is Unix and Linux.
Elements of C Language
Machine autonomous and versatile
Present day Control Stream and Construction
Rich arrangement of administrators
Basic, Quick, and proficient
Case-delicate
Low memory use
Effectively extendable
Statically-composed
Java It was created by James Gosling in 1995. It is bot ordered and deciphered. It is utilized to foster endeavor, portable, and online applications.
Elements of Java
Object-arranged
Design unbiased
Stage autonomous
Dynamic and Appropriated
Strong
Secure
Multithreaded
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How do autonomous vehicles collect data?
autonomous vehicles help the driver of a vehicle by using mechatronics, artificial intelligence, and multi-agent systems (car, aircraft, watercraft, or otherwise).
These components may be referred to as intelligent or smart, along with the cars that use them. Semi-autonomous vehicles use automation for challenging tasks, including navigation, to facilitate but not completely replace human input, whereas robotic or autonomous vehicles solely rely on automation. Automation technology became more advanced following the development of the integrated circuit. The automated system manages all operations, despite the fact that the driver may be aware and prepared to respond at any time.Automated driving systems are frequently conditional, which means that they can do automated driving, but not under all circumstances that might arise during routine operation. As a result, in order for the autonomous vehicles system to function, a human driver must start it. This driver may or may not do so depending on the road circumstances. When the autopilot system in a car
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What are the three elements of threat?
The three elements of threat are -
Hostile intent, capability and opportunity.
What are threats and what are they?Threats can be anything that can exploit a weakness in security to hurt, destroy, or negatively affect an object or objects of interest. Attacks from software include those caused by viruses, worms, Trojan horses, etc. A lot of consumers think that malware, viruses, worms, and bots are all the same thing.
Which risks are some examples?Threats are things that could do something bad to an organization. A corporation that produces wheat, for instance, is at risk from a drought since it could ruin or diminish crop yield. Other frequent threats include things like increased material costs, heightened competition, and a shortage of workers.
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What is the basis of accountants and or auditors in charging professional fees to their clients?
Accountants and auditors usually charge professional fees based on the scope of the services they provide, the complexity of the work, and their experience and expertise.
They may charge an hourly rate, a fixed fee, or a percentage of the total project cost. The fee structure should be clearly outlined in the engagement letter.Professional fees are the charges charged by accountants and auditors for the services provided to their clients. The basis of these fees is usually determined by the type of service provided and the complexity of the work involved. Generally, the fees are based on the time spent by the accountant or auditor on the project, the size and complexity of the engagement, the level of expertise and experience of the professionals involved, the cost of any additional services rendered, and other factors.
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If a firm has no information on what customers think or say, it will not be able to create ______.
If a firm has no information on what customers think or say, it will not be able to create value
What is the importance of customers information?For you to effectively manage the sales and customer service elements of your organization, you must gather and store customer information. The privacy of your clients and the data you gather are protected by laws.
A company's ability to flourish and succeed depends on its customers. Understanding your clients, the various kinds you have, and how to consistently exceed their expectations are crucial.
Hence, firms use these guidelines to put best practices into action so they may (nearly) completely satisfy your customers.
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which of the following is true regarding the obligation, if any, of a consumer who discovers that a company has sent the consumer unsolicited merchandise? select one: a. the consumer may only treat the merchandise as a gift if it has a value of under $25; otherwise, the consumer must call the seller and ask if the seller would like to cover return postage. b. the consumer may only treat the merchandise as a gift if it has a value of under $50; otherwise, the consumer must call the seller and ask if the seller would like to cover return postage. c. the consumer may treat the merchandise as a gift. d. the consumer must return the merchandise.
The consumer may treat the merchandise as a gift.
Thus, the correct option is C.
What do you mean by a consumer?A consumer is a person or a group that is not directly involved in entrepreneurial or business operations and who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs.
The phrase is most frequently used to describe someone who makes purchases for their own use.
A consumer in an economy purchases goods or services primarily for personal use rather than for resale or for commercial objectives.
Consumers purchase goods or services for a price (or equivalent) and then use them (use up).
As a result, customers are essential to a capitalist society's economic structure.
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What are the three main types of savings accounts?
The three most common are the deposit account, the money market account, and the certificate of deposit
What is savings accounts?An interest-bearing deposit account kept at a bank or other financial institution is referred to as a savings account. Despite the typically low interest rates offered by these accounts, their security and dependability make them a fantastic choice for keeping cash on hand for urgent needs. The simplest account you can start at any bank is this one. By definition, a savings account enables you to deposit your money safely with the bank, eliminating the need for you to carry it with you or bury it in that rusty old steel safe at home. You can withdraw these funds whenever you need them, so don't worry.To learn more about savings accounts refer to:
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How does Accenture use artificial intelligence?
At Accenture, they “responsible AI” as the practice of designing, building and deploying AI in a manner that empowers employees and businesses and fairly impacts customers and society allowing companies to engender trust and scale Artificial intelligence with confidence.
In comparison to the intelligence exhibited via way of means of animals and humans, synthetic intelligence (AI) refers back to the perception, synthesis, and inference of records finished via way of means of computers. Speech recognition, laptop vision, language translation, and different enter mappings are some examples of jobs in which that is done.
Since its established order as a area of observe in 1956, synthetic intelligence has long gone thru a couple of levels of optimism, disappointment, and investment loss, observed via way of means of progressive strategies, achievements, and clean financing. The several subfields of AI observe are targeted on unique targets and using sure techniques.
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What ink is used for?
For writing or sketching, ink is applied with a brush, reed pen, quill, or pen. Inks that are thicker and paste-like are frequently employed in letterpress and lithographic printing.
The most popular material for writing inks is paper, while other materials, such as plastics, can also be used for drafting and sketching when using ink. Inks for decorative writing, such those used in calligraphy, can be employed on parchment in addition to paper.
Ink can be a complicated mixture with a number of different ingredients, including solvents, resins, alcohol, lubricants, carbon, pigments, dyes, aniline, dextrine, glycerine, fluorescents, and other compounds.
Ink chemistry would preferably be a fundamental factor in any consideration of the implementation of digital technology, spanning ink wetting, adhesion, and application monitoring to fulfillment. Ink itself eventually dictates both productivity and the approval of the print and application.
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What are 3 types of ink?
Essentially, pigments, resins, waxes, and additives are an ink's main components.
Ink is a gel, sol, or solution that contains at least one colorant, such as a dye or pigment, to tint a surface and produce an image, text, or pattern. Ink is applied using a brush, reed pen, quill, or pen for writing or sketching. Letterpress and lithographic printing usually use inks that are thicker and paste-like. Ink is a potentially complex medium since it contains solvents, pigments, dyes, resins, lubricants, solubilizers, surfactants, particulate debris, fluorescents, and other substances. The carrier, colorants, and other additives all serve different purposes and affect the ink's flow, thickness, and dry appearance. More than 20 billion US dollars were earned in 2011 through the use of printing inks.
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Essentially, pigments, resins, waxes, and additives are an ink's main components.
Ink is a gel, sol, or solution that contains at least one colorant, such as a dye or pigment, to tint a surface and produce an image, text, or pattern. Ink is applied using a brush, reed pen, quill, or pen for writing or sketching. Letterpress and lithographic printing usually use inks that are thicker and paste-like. Ink is a potentially complex medium since it contains solvents, pigments, dyes, resins, lubricants, solubilizers, surfactants, particulate debris, fluorescents, and other substances. The carrier, colorants, and other additives all serve different purposes and affect the ink's flow, thickness, and dry appearance. More than 20 billion US dollars were earned in 2011 through the use of printing inks.
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I have this assignment on the movie The Founder, i need 6 marketing terms/techniques that were used in the movie, and the meaning. does anyone have any good marketing terms or techniques that were used in the founder? This assignment is due tomorrow.
The film offers fascinating insight into the early brand strategy that underpinned the legendary McDonald's brand. To the cost of the health of millions of people and the world, what director John Lee Hancock shows about Kroc's impact on our food system and food culture is a much wider story.
What good marketing terms or techniques that were used?Marketing is about values in my opinion. In this complex and chaotic environment, there is little likelihood that we will be remembered for very long. No business is. Therefore, we must be very explicit about what we want them to know about ourselves.
Therefore, The brothers improved the productivity of the restaurant by using an assembly line, a method that completely transformed the auto industry. It was known as the Speeder System.
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What are the two main roles of a special interest group?
Interest organizations' two main purposes are to represent and to educate.
Which definition of a special interest group is most accurate?
Interest groups, also known as special interest groups, advocacy groups, or pressure groups, are associations of people or organizations that are typically formally constituted and that aim to sway public policy in their favor based on one or more shared concerns.
What kind of special interest group is this?
groups of customers who have concerns about certain items or product categories; for instance, special interest groups have spoken out against the promotion of cigarettes, sugary breakfast cereals for kids, unhealthy fast food, etc.
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What are the 4 factors of production and how do they affect each other?
Resources that are used to produce commodities and services are known as factors of production. They constitute the foundation of the economy. Land, labour, capital, and entrepreneurship are the four groups into which economists divide the components of production.
Land:
Everything that derives from the land, including all natural resources needed to create goods and services, is referred to as "land." The production process uses land resources as its raw materials. These resources may be regenerative, like woods, or nonregenerative, like oil or natural gas.
Labor:
Work is the effort that individuals put forth in the creation of commodities and services. Labor resources include the work of people like the waiter who brings your lunch from a nearby restaurant and the engineer who built the bus that transports you to school.
Capital:
Think of capital as the equipment, resources, and structures that people use to create goods and services. Forklifts, conveyor belts, computers, delivery vans, and hammers are a few typical examples of capital. Depending on the worker and the type of work being done, different capital is required.
Entrepreneur:
An entrepreneur is someone who combines the other production factors—land, labour, and capital—to generate revenue. Entrepreneurs who develop novel methods of producing goods and services or who create brand-new products for the market are the most successful. Many of the innovations we see around us would not exist without the entrepreneur combining land, labor, and capital in novel ways.
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