According to this text's authors, Hill and Schilling, which of these would be considered an important step in a formal strategic management process?
a. Building the company's organizational chart of strategic leaders
b. Research and development into the company's first prototype product
c. Market research surveys of customer attitudes toward the recent product launch
d. Defining the company's corporate mission and major corporate goals
Hide Feedback

The Barrina BU 2000 LED grow light is a full-spectrum light panel designed for indoor plant growing. It features 816 LEDs with high PPFD (Photosynthetic Photon Flux Density) output, providing a wide range of wavelengths that can support various stages of plant growth from seedling to flowering and fruiting.

This grow light is suitable for a 4x4ft coverage area and is dimmable with adjustable light panels, allowing you to customize the light intensity according to your plants' needs. It also includes IR (infrared) wavelengths, which can enhance plant growth and promote photosynthesis.

Overall, the Barrina BU 2000 LED grow light is a great choice for indoor gardening enthusiasts who want to provide their plants with optimal lighting conditions for healthy and vigorous growth.

For such more question on features

https://brainly.com/question/28525289

#SPJ4

Abdul schedules a meeting with his manager to discuss a trivial matter that could have been handled with a text message. An unethical practices which this example show is: taking advantage of his manager. The Option C is correct.

Unethical practices refer to actions or behaviors that violate ethical or moral standards and principles. These practices can include actions that are harmful, dishonest, fraudulent, or unfair to others.

Examples of unethical practices in various fields include:

Read more about unethical practices

brainly.com/question/24518056

#SPJ1

The given statement "credit unions are nonprofit depository organizations that serve members who have a common affiliation, such as the same employer or same community" is true because credit unions are nonprofit depository institutions that serve members who have a common affiliation, such as the same employer, same community, or other qualifying criteria.

Credit unions are owned by their members and exist to serve their financial needs, rather than to generate profits for shareholders. Because credit unions are nonprofit organizations, they typically offer lower fees and interest rates on loans, as well as higher interest rates on deposits, than traditional for-profit banks. Credit unions are regulated by the National Credit Union Administration (NCUA), and deposits in credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), up to certain limits.

You can learn more about credit unions at

https://brainly.com/question/2279124

#SPJ4

According to marketing strategy, "the market plan for the product is inadequate" is one of the four typical reasons why new products may fail.

Business markets are the markets where transactions between businesses take place, to put it simply. In such markets, one company sells its goods to clients who do not ultimately make use of the goods' benefits but rather utilize them to produce new benefits. In the example provided, a corporation is buying a product from another company to incorporate into a different product. As a result, the example case shows the business market. A "product failure" occurs when a company is unable to meet the strategic Objectives & Key Results (OKRs) targets set for the product. So, in this case, it can be claimed that there are many possible causes for new products to fail.

Learn more about Business markets here:

https://brainly.com/question/13899043

#SPJ4

The equilibrium price and quantity of oranges will increase. The correct option is C.

Changes in supply and/or demand determinants result in a new equilibrium price and quantity. When supply or demand changes, the old price no longer serves as an equilibrium. Instead, there will be a scarcity or surplus, and prices will adjust until a new equilibrium is reached.

If demand rises while all other factors remain constant, the equilibrium price rises and the quantity supplied rises. When demand falls, the equilibrium price falls, and the quantity supplied falls.

Thus, the ideal selection is option C.

Learn more about equilibrium here:

https://brainly.com/question/28527601

#SPJ1

The cost of commodities serves as a prominent example of a stagnating economy. In this case, we suppose that the price is determined by the same-era dynamics of supply and demand. Price, demand, and supply all apply to the same time frame.

If two variables are functionally related and their values reflect the same time period or point in time, the analysis is said to be static.

To put it another way, static analysis or static theory is the study of static relationships between pertinent variables. The main objectives of statistics for economics are the gathering, processing, and assessment of particular economic data.

Therefore, It shows relationships among several factors, including as output, pricing, demand, and supply, among others, which helps us understand and analyse economic theories.

Learn more about statics here:

https://brainly.com/question/26609519

#SPJ1

The correct option  D. it is easy for firms to enter or exit the market , in the monopolistically competitive firm.

In-between is monopolistic competition. It features numerous businesses vying for customers while offering products that are unique in some way.

Thus, due to the ease of entry into and exiting the market, a monopolistically competitive firm's demand curve slopes downward.

To know more about the demand curve, here

https://brainly.com/question/1139186

#SPJ4

It takes inflation into account, real GDP is frequently favored over nominal GDP. Thus, in real (constant-dollar) terms, if nominal GDP increased by 4% in a given year but inflation was 5%, it actually decreased by 1%.

The total value of all goods produced in a nation over the course of a single year is measured by both the nominal GDP (GDP) and the real GDP (Real GDP). However, while nominal GDP is not adjusted for inflation, real GDP is. As a result, nominal GDP is almost always slightly higher than real GDP.

Because of the ever-increasing prices of goods and services, which indicate a higher rate of inflation, nominal GDP in the United States has grown faster than real GDP over time.

To learn more about nominal GDP here:

https://brainly.com/question/15171681

#SPJ1

Answer:

Cost Focus

Explanation:

The difference between the two brands is the price of the product. And the lower cost one is more attractive to the customer. Therefore the competitive advantage strategy used is cost focus. Hope this helped!

The management function that best describes the freedom provided to local managers at BBT Corporation is "organizing". So, the correct option is B.

Organizing is the management function that involves arranging resources, people, and tasks to achieve the desired goals. In this case, the top executives at BBT Corporation set the strategic direction for the firm at corporate headquarters, and local managers are informed of these strategies and given complete freedom to implement them.

This means that the local managers are responsible for organizing the resources, people, and tasks within their respective areas of responsibility to achieve the company's goals.

By providing local managers with complete freedom to implement the strategies, the top executives are delegating the responsibility of organizing the resources, people, and tasks to the local managers.

This allows the local managers to use their knowledge and expertise to make decisions about how best to organize their areas of responsibility to achieve the company's goals.

In summary, the freedom provided to local managers at BBT Corporation is related to the management function of organizing, as they are responsible for arranging resources, people, and tasks within their respective areas of responsibility to achieve the company's goals.

To learn more about management click on,

https://brainly.com/question/14734818

#SPJ4

Complete question is:

Top executives at bbt corporation set the strategic direction for the firm at corporate headquarters. bbt's local managers are then informed of these strategies and given complete freedom to implement them. which of the following management functions best describes the freedom provided local managers?

a) planning

b) organizing

c) decision-making

d) Leading

In the given situation the correct option is (C) if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.

Initially, creditors will demand that the company pay its own debts.

The creditors may ask the individual partners to make payments if the company is unable to.

For the firm's obligations, partners are "jointly and severally accountable."

This implies that any partner is subject to legal action by the company's creditors.

In a general partnership, each partner is entirely responsible for the partnership's debts and liabilities, including those resulting from capital or finance commitments as well as judgment-related damages.

So, if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.

Shareholders in a corporation and limited partners who do not engage in management risk losing their investment if the company fails.

However, they are no longer liable to the company's creditors or the people who were harmed by the company's negligence.

Therefore, in the given situation the correct option is (C) if the company fails, Sophia might lose her investment, but she won't be held personally liable for partnership debts.

know more about partnership debts here:

https://brainly.com/question/13551671

#SPJ4

It is true that Clay and Marian Washington who provided the total support for their two children, who lived with them in the U.S. all year will qualify for the child tax credit for other dependents.

This tax credit, worth up to $2,000 for each qualifying child, helps to offset the costs of raising children. A person must earn more than $2,500 to be eligible for a Child Tax Credit refund.

For 2022, the Credit for Other Dependents is worth up to $500 and the Child Tax Credit is worth up to $2,000.

According to the IRS, a dependent is defined as a qualifying kid (a child who is under the age of 19, under 24 if they are full-time students, or any age if they are permanently and totally incapacitated), or a qualified relative.

The Washington's would be qualified for the credit for other dependents as Washington's as both come under age 19 which is a condition for qualifying.

Therefore, the statement is true.

To learn more about child tax credit, click here:

https://brainly.com/question/30447117

#SPJ1

Introduce staff, highlight a role of fulfilling guests, & cover how to focus. Train kids to talk with users in a safer way. Be open to them. Be cheery at all days if deal to guest, so not call us run or feel uneasy.

All of the workers at a company or, more specifically, all of the teachers at a school are collectively referred to as "the staff" when using the term "staff." A long metal stick or rod with a specified use, such as a stick or a weapon, is another entirely different definition of the word "staff."

The term "staff" refers to an organization's workforce as a whole. It may refer to a specific group of employees or to all employees. In the military, the phrase has a distinct human relations meaning. It can be used as a verb to supply labor, such as by staffing a department.

To know more about staff visit:

https://brainly.com/question/30167519

#SPJ1

For this comparison, I chose to research and evaluate two software tools for bank account reconciliation: Bank Reconciliation Services from Sage and Bank Reconciliation from QuickBooks.

For businesses, bank account reconciliation is a critical component of financial management. Reconciling a bank account involves comparing the transactions recorded in the business’s financial records with the transactions recorded by the bank in the account statement. Reconciliation helps ensure accuracy and completeness of the financial records, and serves as an important internal control measure.

For this comparison, I chose to research and evaluate two software tools for bank account reconciliation: Bank Reconciliation Services from Sage and Bank Reconciliation from QuickBooks.

Sage Bank Reconciliation Services is a cloud-based solution that allows users to quickly reconcile their bank accounts. It is designed to help streamline the bank reconciliation process, saving businesses time and money. The software allows users to easily import bank statements, and provides an intuitive user interface for quickly reconciling transactions.

QuickBooks Bank Reconciliation is another cloud-based solution for reconciling bank accounts. It provides users with an easy-to-use interface for quickly reconciling transactions, and also allows users to easily import bank statements. Additionally, QuickBooks Bank Reconciliation provides users with reporting capabilities, allowing them to generate reports to analyze their financial data.

Sage Bank Reconciliation Services provides an audit trail feature, allowing users to easily review and approve reconciliations. Additionally, Sage Bank Reconciliation Services provides users with a range of reporting capabilities, allowing them to easily analyze their financial data. QuickBooks Bank Reconciliation does not provide an audit trail feature, and does not provide users with the same range of reporting capabilities as Sage Bank Reconciliation Services.

To learn more about bank account reconciliation link is here

brainly.com/question/28436421

#SPJ4

Depreciation expense is added to the statement of cash flows because it is not an expenditure. Thus, option 3 is correct.

The income statement lists depreciation expenditure as an expense tο reflect how much of an asset's wοrth has been depleted for the year. As a result, it is neither an asset nor a liability.

Due tο the fact that it raises a company's operational costs, depreciation is viewed as an expense fοr accounting purposes. Over the course of their useful life, machines and οther assets experience wear and tear and lose value. Depreciation expense is displayed οn the income statement.

To know mοre about depreciation expense, refer to:

brainly.com/question/29748690

#SPJ4

Complete question:

Depreciation expense:

The answer is option d. Why do you want to work for this company?, this would not create potential liability for the employer if asked during an interview.

A corporate structure that has a separate legal identity from its owners is a company. Due to additional reporting requirements and more serious legal obligations, it is a complex corporate structure with greater setup and administrative costs.

An organization is a voluntarily created group of people who conduct business for profit or non-profit goals. These people invest in the capital by purchasing the shares into which it is divided.

To know more about Company visit:

https://brainly.com/question/30007263

#SPJ1

The unit cost for each model using direct labor hours to apply overheads are $165  and $225

Determining the total amount for the given questions -

1) Determining the unit cost

Overhead rate = Direct labor + Ordering cost + Machine cost +Receiving/ Direct labor hour for A + Direct labor hour for B

= 480,000 + 360,000 + 840,000 +400,000 / 6,000+2,000

= 2,08,0000/ 8000

= 260

Model A cost per unit

= Direct material +Setting up /Units +(Direct labor hour × Overhead rate/Units

=(600,000+480,000)/16,000 +( 6,000 × 260/16,000)

= 165

Model B cost per unit

= 800,000 + 480,000 / 8,000 + (2,000 × 260/8,000 )

= 225

2) Determining the unit cost for each model using the four activity drivers

Model A cost  

=((Direct material + direct labor)+(direct labor×no. of setups / number of setup) + (ordering cost x orders / machine hours) + (machine costs x orders/ machine hours) + (receiving×receiving hours/ receiving hours)) / Units

= (( 600,000+ 480,000) + ( 480,000 × 400/600) + ( 360,000× 12,000/ 18,000) +( 840,000 × 18,000/42,000) + ( 400,000 × 3,000/10,000)) / 16,000

= 32.50

Model B cost

= (( 800,000+ 480,000) + ( 480,000×200/600) + ( 360,000 × 12,000/18,000) +( 840,000 × 18,000/42,000) + ( 400,000 × 7,000/ 10,000))/8,000

= 290

3) The more accurate cost assignment is produced by Activity Driver Method.

Complete Question:

Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $480,000 Number of setups 600 Ordering costs 360,000 Number of orders 18,000 Machine costs 840,000 Machine hours 42,000 Receiving 400,000 Receiving hours 10,000 Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B Direct materials $600,000 $800,000 Direct labor $480,000 $480,000 Units completed 16,000 8,000 Direct labor hours 6,000 2,000 Number of setups 400 200 Number of orders 6,000 12,000 Machine hours 24,000 18,000 Receiving hours 3,000 7,000 The company's normal activity is 8,000 direct labor hours. Required: 1. Determine the unit cost for each model using direct labor hours to apply overhead. Unit Cost Model A $ Model B $ 2. Determine the unit cost for each model using the four activity drivers. Round your answers to nearest cent. Unit Cost Model A $ Model B $ 3. Which method produces the more accurate cost assignment?

Read more about overheads on:

https://brainly.com/question/26454135

#SPJ4

A supply purchase made on credit results in a credit to accounts payable and a debit to supplies expense. For instance, a transaction might be recorded as a debit to the supplies account and a credit to the accounts receivable account when a business purchases supplies on credit.

You must create a journal entry with one debit and one credit whenever you buy materials on account. The debit is applied to the supply expenditure account, a temporary account intended to record costs that will appear on the income statement. Debit transaction the work-in-progress inventory account for direct materials and credit the raw materials inventory account.

To learn more about credit, click here.

https://brainly.com/question/1475993

#SPJ4

The amortization of gain through a depreciation adjustment for 2022 is $510.32.

To calculate the amortization of gain through a depreciation adjustment for 2022, we first need to calculate the original cost and book value of the equipment on April 1, 2020, when Simon Company bought it from Wilson.

The equipment had an estimated useful life of 10 years when it was acquired, and as of January 1, 2020, it had been in service for (10-2) = 8 years. Therefore, the accumulated depreciation as of January 1, 2020, was $80,000 - $50,000 = $30,000.

Since Simon Company purchased the equipment from Wilson on April 1, 2020, they acquired it with an original cost of $68,250, which is the price at which it was sold by Wilson.

To calculate the book value of the equipment on April 1, 2020, we need to calculate the accumulated depreciation from January 1, 2020, to April 1, 2020. The remaining useful life of the equipment as of January 1, 2020, was 10 years, and as of April 1, 2020, it had a remaining useful life of 8.75 years. Therefore, the accumulated depreciation for the period from January 1, 2020, to April 1, 2020, is ($80,000 / 10) * (0.25) = $2,000.

Thus, the book value of the equipment on April 1, 2020, was $68,250 - $2,000 = $66,250.

To calculate the gain on sale of the equipment, we need to compare the selling price of $68,250 to the book value of $66,250. The gain on sale is $2,000.

Since Simon Company purchased the equipment with a remaining useful life of 8.75 years, they should depreciate it over this period. The annual depreciation expense is ($68,250 - $66,250) / 8.75 = $2,286.

For consolidation purposes, the gain on sale of the equipment should be amortized over its remaining useful life of 8.75 years. Therefore, the amortization of gain through a depreciation adjustment for 2022 is (8.75 - 2) / 8.75 * $2,000 - $2,286 = $510.32.

Learn more about  amortization of gain here: https://brainly.com/question/10561878

#SPJ1

Salaries expense, suppliers and dividends are listed in post-closing trial balance.

Salaries expense is the cost incurred by a company for the compensation paid to its employees. This includes all forms of payment to employees, including salaries, wages, bonuses, commissions, and benefits. The salaries expense is a significant expense item for most businesses, and it is critical to accurately track and record all employee-related costs to ensure accurate financial statements. In addition, the salaries expense also includes employer contributions to employee benefits such as health insurance, retirement plans, and payroll taxes. It is important for companies to budget for salaries expense, as it is a significant factor in determining profitability and cash flow. Effective management of salaries expense requires a combination of proper staffing levels, competitive compensation, and efficient payroll processes.

To learn more about Salaries expense, visit:

https://brainly.com/question/17252581

#SPJ1

The initial utility-maximizing situation for this low-income person is graphed in attachment.

Budget restrictions alter in tandem with shifting income when a consumer's income varies. With each change in the price of one of the commodities, the budget restriction moves further away from one of the end points. Budget Restraint: Prices, income, and governmental policies all have an effect on how much a consumer may spend by affecting the exchange rate at which one good can be swapped for another.

A low-income person’s budget constraint in the absence of an income transfer program is

[tex]\mathrm{NF + P_fF = I}[/tex]

where PF is the price of food relative to non-food items and NF and I are measured in terms of non-food prices (that is, dollars).

(Check the graph in attachment)

The consumer spends NF₁ amount on non-food consumption and consumes F₁ units of food items.

To know more about budget constraint visit:              

brainly.com/question/14611599

#SPJ4

Let's say a factory increased production by $5,000 this year. The garbage from this plant incidentally cost the nearby waterways $1,000 in damage. Thus, the GDP will rise by $5,000.

The GDP estimates the monetary value of the final goods and services—those consumed by consumers—produced in a country over a given time frame (say a quarter or a year). It accounts for all the output created within a country's borders.

Products and services produced for market consumption as well as some nonmarket production, such as defense or educational services provided by the government, are both included in GDP.

Another term for entire national output is the gross national product or GNP. As a result, if a German-owned company runs a facility in the US, the output would be added to German GNP rather than US GDP.

Learn more about GDP with the help of the given link:

brainly.com/question/30111703

#SPJ4

Correct question:

Suppose a factory added $5,000 worth of output this year. Incidentally, the waste from this factory caused $1,000 worth of loss to the neighboring waterways. As a result, GDP will

increase by $5,000.

decrease by $4,000.

increase by $1,000.

increase by $4,000.

The Computer gross profit when production is 42,400 units under absorption costing would be equal to 200.

A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts with all expenditures, both direct and indirect, including rent, insurance, direct labor cost, and direct labor. Absorption costing is authorized for auditing under generally accepted accounting standards (GAAP), while variable costing is not. With just this technique of costing, increased charge is added to the final inventory, which is passed over as a liability towards the following decade's balance sheet.  When employing absorption costing, costs on the net income are lower since more costs are paid for that in ending inventories.

learn more about absorption costing here:

https://brainly.com/question/14347350

#SPJ4

When negative externalities occur as a result of a product market's activity, the market will produce more than is desirable.

Negative externalities are costs imposed on society that are not reflected in the market price of a good or service. These costs can include things like pollution, traffic congestion, or other environmental impacts.

When the market price does not reflect these costs, the result is a "market failure," where the market produces more than is socially desirable. In other words, the market does not take into account the full cost of production, so firms will produce more goods and services than they would if they had to pay for the full cost of their actions.

This leads to an overallocation of resources to the production of the good or service in question, and a corresponding underallocation of resources to other, more socially beneficial activities.

Learn more about negative externalities here:

https://brainly.com/question/24171158

#SPJ4

C) Depreciation and Amortization is not reconciling item in the income tax footnote.

The reconciling items in the income tax footnote are those items that result in a difference between the amount of income taxes reported in the financial statements and the amount of income taxes calculated using the applicable tax rates. These items can include items that are not deductible for tax purposes, such as state income taxes and foreign income taxes, and items that are subject to special tax treatment, such as the dividends received deduction and tax-exempt municipal bond interest.

Depreciation and amortization, however, are not typically included as reconciling items in the income tax footnote because they are generally deductible for tax purposes and therefore do not result in a difference between financial statement income and taxable income.

For more such questions finance: brainly.com/question/12957049

#SPJ4

a) Supply curve and supply schedule reflects a way of express-ing inform-ation about the amount of coffee cups producers that are will-ing and able to produce.

A supply schedule is a table that sho-ws the quan-tity supplied at each price. A supply curve is a graph that sho-ws the quantity supplied at each price. Some-times the supply curve is called a supply schedule beca-use it is a graphical represent-ation of the supply schedule.

A supply schedule is a tabular depict-ion of the relation-ship between price and quantity supplied, represented graph-ically as a supply curve. A firm's supply sche-dule helps to make the supply curve.

Complete question- which of the following reflects a way of expressing information about the amount of coffee cups producers are willing and able to produce?

a) Supply curve and supply schedule

b) Demand curve and demand schedule

To know more about supply curve click below:

brainly.com/question/30329695

#SPJ4

The answer is, The supply curve will shift rightward, According to the first group, the price of pizza decreased due to the price of dough which means that the supply of pizza will increase and the supply curve will shift rightward.

Supply is a fundamental economic concept that describes the overall quantity of a specific good or service that is made available to buyers. Demand and it are extremely tightly tied to one another. Prices of a given good or service decline as supply outpaces demand.

For instance, if the cost of video gaming consoles rises, a company will produce more of them. If video game console prices fall, the opposite is true. If the price is $200 per system, the corporation might sell 1 million, but if it goes up to $300 per system, they might sell 1.5 million.

To know more about Supply visit:

https://brainly.com/question/29993574

#SPJ1

A follower with low-level motivation and mid-to-high level ability to complete the job benefits from leader who is both a cheerleader and authoritarian. Option D is correct.

In business, leadership is the ability of a company's management to set and achieve difficult goals, act quickly and decisively when necessary, outperform the competition, and motivate others to perform at their best.

Leaders provide direction and vision, inspire others to achieve the organization's goals, and contribute to the creation of a successful environment by encouraging team members to communicate and work together.

Learn more about leadership :

brainly.com/question/25996547

#SPJ1

This statement is True, codes of ethical conduct adopted by corporations and professional associations have the same legal status as ordinances.

Associations refer to groups of individuals or organizations that share a common interest or purpose and work together to achieve their goals. These groups may be formed for a variety of reasons, such as to advocate for a specific cause, promote a particular industry or profession, or provide support and resources to their members.

Associations typically have a formal structure, with bylaws and a governing board, and may offer various services to their members, such as networking opportunities, training and education, and access to specialized resources. They may also engage in lobbying or other advocacy efforts on behalf of their members. Associations can be found in many different fields, including business, healthcare, education, and the arts.

To learn more about Associations visit here:

brainly.com/question/9511999

#SPJ4

Ivy Tech Community College is a public institution of higher education that serves communities throughout Indiana.

Generally, 'Established in 1963, the college offers more than 200 associate degree and certificate programs in fields such as business, health sciences, engineering, and public service.

Ivy Tech also offers online and hybrid courses and programs to provide students with the flexibility they need to pursue their educational goals.

In addition to its academic offerings, the college provides career services, financial aid services, and resources to help students succeed in their studies.

Read more about Ivy Tech Community College

https://brainly.com/question/29287658

#SPJ1