Residual Income- average operating assets ÷ net operating income net operating.
What is Residual Income?The money that keeps coming in after an initial time and resource commitment has been made is known as residual revenue. Royalties from artists, rental income, interest income, and dividend payments are a few types of residual revenue.
Other circumstances in which the word "residual income" is used include:
The term "residual income" in personal finance can refer to a person's discretionary income or the total sum of money left over after meeting all of their personal commitments and debts.
In corporate finance, residual income is a metric for gauging how well a company is doing that takes into account all revenue received after all pertinent capital costs have been covered.
Hourly pay does not produce personal residual income. Instead, it calls for a substantial initial outlay of cash, time, or both, with the primary goal of generating ongoing income.
To learn more about Residual Income from the given link:
https://brainly.com/question/15297673
#SPJ4
finding a group of customers who want what you have to offer and providing it better than others do so that you maximize perceived value for that group
Marketing is about finding a group of customers who want what you have to offer and providing it better than others do so that you maximize perceived value for that group.
What is marketing?
Marketing means the activities a company does to promote the buying or selling of a product or the services they offer. Marketing includes advertising, selling, and delivering products to the end consumers or other businesses. Professionals who work in a corporation's marketing and promotion departments manage to get the attention of key potential audiences through activity like advertising.To learn more about marketing, refer to:
brainly.com/question/14197287
#SPJ4
All else equal, the lower the price, the ________ the consumer surplus and the ________ the producer surplus.
All else equal, the lower the price, the above the consumer surplus and the below the producer surplus.
What is surplus?To lA surplus is the portion of an item or resource that is not actively being used. A surplus can relate to a variety of items, including income, wages, capital, and goods. In the context of inventories, things that are still on store shelves but have not yet been purchased are referred to as a surplus.
When income is earned and costs are covered, the budget's structure has a surplus. Governments may have a budget surplus if there are still tax revenues left over after all government programs have been paid for in full.
An asset is considered to have a surplus when there is more of it than is being utilized.
learn more about surplus from the given link
https://brainly.com/question/380921
#SPJ4
Senior management at jmj manufacturing accept that there are differences and similarities between host country and home country personnel and practices and believe that they should use the practices that are most effective. This reflects ________.
This reflects geocentric attitude.
The World Trade Organization (WTO) is the only global international organization addressing manufacturing the principles of trade between nations. The North American trade Agreement (NAFTA) was implemented to market trade between the U.S., Canada, and Mexico.
A company's employees, managers and board of directors compose a business's internal stakeholders. Employees of the manufacturing corporation are invested within the company's performance to make sure they still be paid and retain their jobs.
The Agreement Establishing the WTO recognizes the necessity for positive efforts to make sure that developing countries, and particularly those who are least-developed, share within the growth of international trade.
They make it easier for nations to try and do business. They increase product choices for consumers. They prevent two nations from exchanging manufacturing goods. Better risk management. One among the many advantages of international trade is market diversification.
learn more about manufacturing: brainly.com/question/19584679
#SPJ4
If a person has atm fees each month of $23 for 9 years, what would be the total cost of those banking fees?
If a person has ATM fees each month of $23 for 9 years, the total cost of those banking fees would be $1,296.
What are banking fees?Bank fees are any costs that financial institutions charge for opening, maintaining, and performing minor transactions for their personal and business clients. These fees could be assessed once or repeatedly. In order to generate revenue, banks levy fees. Financial institutions can recover operating costs through bank fees. By charging interest and other fees on loans, banks can also profit. A bank will charge you a monthly maintenance fee (also known as a monthly service fee) in exchange for your business. Each month, the cost is often automatically deducted from your account. You may be required to pay the fee in some circumstances. However, a lot of institutions may let you avoid the charge if you meet certain criteria.
To learn more about banking fees, visit:
https://brainly.com/question/8757664
#SPJ4
When the income-consumption curve is backward-bending to the left, the good represented on the x-axis must be?
When the consumption-income curve swerves back and forth, the goods represented on the x-axis must be inferior goods.
The income-consumption curve or income expansion path can be defined as the optimal set of consumer combinations, which is obtained by varying their income levels and keeping the prices of goods constant. That is, how consumers' choices change when their incomes change and prices are maintained.
The positive sign (+) indicates a positive relationship between consumption and income. The consumption function curve line can be drawn by taking two points which are then connected by a straight line. The consumption function curve is drawn by taking a line that passes through point 1 and point 2.
You can learn more about income-consumption curve here brainly.com/question/14939241
#SPJ4
what is the slack time for activity e? taskpredecessordurationearly startearly finishlate startlate finish a--8 ba14 ca238 dc, b62326 ec32 fd, e3238
The slack time for activity e will be 0. The start times, end times, and duration of the different activities.
There are two paths from which the project can be completed.
The first path is :
A ⇔B, B⇔D, D⇔E, E⇔F.
Calculating the slack time for E will require subtracting the finish time from the start time.
The slack time for activity E will be 32 - 32 = 0.
The second path is:
A⇔C, C⇔D, D⇔F
In this path, activity E does not take place.
Slack time tells us how much time we can delay the start of the activity and still get the activity finished on time. When the slack time is 0 then it shows that the activity is critical and cannot be delayed at all.
Learn more about slack time here:
https://brainly.com/question/15393592
#SPJ4
According to general electric stratergy grid, an opportunity which is low on the business shrenght dimension but high on thr industry attractiveness should be?
The correct answer is if it is an existing business, it will likely be supported; if it is a new opportunity, it will likely not be supported.
The GE method takes into account more than just market growth rate when determining how desirable an industry is. It makes use of a market size, market growth rate, industry profit margin, level of competition, seasonality and demand cycle, and industry cost structure-based industry attractiveness index. The GE approach once more uses an index for company strength rather than a straightforward calculation of relative market share. The relative market share, price competitiveness, product quality, customer and market expertise, sales effectiveness, and geographic advantages are some of the elements that make up the business strength index. These elements are scored and added up to create an index of business strengths that is classified as being strong, average, or weak.
To learn more about industry attractiveness refer the link:
https://brainly.com/question/14831489
#SPJ4
When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?
When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into Implied kind of contract.
A legally-binding obligation that results from the actions, behavior, or circumstances of one or more parties to an agreement is known as an implied contract. It has the same legal effect as an express contract, which is a voluntary agreement reached between two or more parties and expressed verbally or in writing.
An implied contract that was created through non-verbal behavior rather than explicit words is known as an implied-in-fact contract.
Implied refers to something that was alluded to or made a suggestion but was not explicitly stated. When someone yawns repeatedly while you are speaking and glances at his watch, this is an instance where boredom is implied.
Learn more about implied contract here
https://brainly.com/question/984979
#SPJ4
Industry types representing companies in a stock market index can best be categorized as? ordinal data. discrete data. nominal data.
Industry types representing companies in a stock market index can best be categorized as nominal data.
What is nominal data?
Without providing any numerical values, nominal data is a sort of data used in statistics to name variables. In its simplest form, it is a scale of measurement. In contrast to categorical data, nominal data can actually be sorted or quantified. However, the quantitative identifiers have no numerical value or connection. However, certain types of qualitative data can also be expressed in nominal form. They could include words, letters, and symbols. Names of individuals, gender, and nationality are among the most prevalent categories of nominal data.
To know more about nominal data visit:- https://brainly.com/question/13444421
#SPJ4
A major study of the effectiveness of the psa (payment for environmental services) program in costa rica determined that ________.
According to this study, 50% of PSA program participants would have destroyed forests from their farms without compensation, and the PSA program reduced deforestation in the corridor from 1.43% to 1%.
What do you mean by the payments for ecosystem services?Payments for ecosystem services (PES), commonly referred to as payments for environmental services (or benefits), are rewards given to farmers or landowners in exchange for managing their property to deliver a particular ecological service. According to their definition, they are "a transparent mechanism for the increased supply of environmental services through conditioned payments to voluntary providers." In the marketplace, these programs encourage the preservation of natural resources.
To know more about PSA, visit:
https://brainly.com/question/13483655
#SPJ4
Evidence quality relates to the concept of and evidence quantity relates to the concept of?
Evidence quality relates to the concept of appropriateness and evidence quantity relates to the concept of sufficiency.
The auditor must plan and carry out audit procedures in order to obtain sufficient appropriate audit evidence to support his or her opinion.
The quantity of audit evidence is measured by sufficiency. The following factors influence the amount of audit evidence required:
Risk of material misstatement (in financial statement auditing) or risk associated with control (in the audit of internal control over financial reporting). As the risk increases, so should the amount of evidence obtained by the auditor. In most cases, more evidence is required to respond to significant risks.The audit evidence obtained was of high quality. The need for additional corroborating evidence decreases as the quality of the evidence improves. Obtaining more of the same type of audit evidence, on the other hand, cannot compensate for its poor quality.Appropriateness is a quality indicator of audit evidence, indicating its relevance and dependability. Audit evidence must be both relevant and reliable in order to support the conclusions on which the auditor's opinion is based.
Learn more about audit evidence here:
https://brainly.com/question/17354007
#SPJ4
inputs, transformational processes, outputs, and feedback are all considered part of which if the following: group of answer choices chegg
Inputs, transformational processes, outputs, and feedback are all considered part of information system
What is information system?
A formal, sociotechnical organizational structure created to gather, process, store, and distribute information is known as an information system (IS). Four elements make up information systems from a sociotechnical standpoint: task, people, structure (or roles), and technology.
Information systems can be characterized as the integration of elements for the gathering, storing, and processing of data, where the data is utilized to produce digital products that help with decision-making and to offer information.
An information processing or interpretation system that combines people and computers is known as a computer information system. A computer system having software installed is sometimes sometimes simply referred to by the name.
Learn more about information system
https://brainly.com/question/24944623
#SPJ4
What type of price elasticity of demand results from a relatively small percentage change in quantity demanded divided by a relatively larger percentage change in price? multiple choice question.
A comparatively small percentage change in quantity required split by a relatively greater percentage change in price produces inelastic price elasticity of demand.
Price elasticity of demand measures how much a product's consumption changes in response to price changes.
Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes. Supply has an elasticity, or price elasticity of supply, much like demand. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered. The two elasticities work together to define what products are produced and at what costs.
The complete question is:
What type of price elasticity of demand results from a relatively small percentage change in quantity demanded divided by a relatively larger percentage change in price?
Cross elasticElasticInelasticUnit elasticTo learn more about Price Elasticity here
https://brainly.com/question/13565779
#SPJ4
An increase in government spending by $100 would, if the mpc = 0.90, result in an increase in real gdp by:____.
If the mpc = 0.90, a $100 increase in government spending would translate into a $100 gain in real GDP.
Gross domestic product (GDP):
Gross domestic product (GDP) is a monetary indicator of the total market value of all finished goods and services produced by nations during a specific time period. Due to its complexity and subjectivity, this metric must often be modified before it can be taken seriously as a predictor. Contrarily, GDP (nominal) per capita does not take into account variations in inflation and cost of living among nations; for this reason, utilising GDP per capita at purchasing power parity (PPP) may be more beneficial.
To learn more about GDP
https://brainly.com/question/1383956
#SPJ4
one of the of data warehouses is their ability to provide access and analysis of information from a variety of subject areas.
One of the advantages of data warehouses is their ability to provide access and analysis of information from a variety of subject areas.
What exactly does "data warehouse" mean?A data warehouse is a central collection of data that can be examined to help decision-makers become more knowledgeable. Transactional systems, relational databases, and other sources all regularly and continuously feed data into a data warehouse.
A data management system called a data warehouse is intended to support and allow business intelligence (BI) activities, particularly analytics. Data warehouses frequently have a lot of historical data and are only meant to be used for queries and analysis.
Therefore, one of the advantages of data warehouses is their ability to provide access and analysis of information from a variety of subject areas.
Learn more about data warehouse on:
https://brainly.com/question/25885448
#SPJ1
A bond issued by a state government is called a___bond
Answer:
Municipal bonds
Explanation:
These bonds (also called "munis" or "muni bonds") are issued by states and other municipalities. They're generally safe because the issuer has the ability to raise money through taxes—but they're not as safe as U.S. government bonds, and it is possible for the issuer to default.
On a linear demand curve, if the price is low and the quantity demanded is high, demand is _____ in that region and a price increase will cause _____ in total revenue.
On a linear demand curve, if the price is low and the quantity demanded is high, demand is Inelastic in that region and a price increase will cause an increase in total revenue
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. [1] The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. [2] The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is a component of the Equity section of the balance sheet in accounting, and revenue raises equity.
learn more about revenue:
https://brainly.com/question/8645356
#SPJ4
If+$2500+is+invested+in+an+account+that+pays+interest+compounded+continuously,+how+long+will+it+take+to+grow+to+$7500+at+7%?
Compute the future value FV by multiplying the starting balance present value - PV by the value from the previous step FV = PV × eʳᵗ. The continuously compounded interest is the difference between the future and present values Interest = FV - PV.
Solution:
The initial amount is: P=$2500
The final amount is: A=$7500
The rate of interest is: r=7%
Write the relationship between the initial and final amount using the continuous compound interest.
A=Pert
Here, the time is t.
Substitute the known values.
$7500=$2500e(7%)
t3=e(0.07)t
e0.07t=3
Take a log on both sides of the above equation to solve for time.
lne0.07t=ln3
0.07tlne=ln3
0.07t(1)=ln3
t= ln3
0.07
t = 15.69446 year
t = 15.69 year
Thus, it will take 15.69 years to grow.
A mutual fund that fees three percent in annual cost prices will reduce the funding most important to one by two in around twenty-four years. A borrower who pays twelve interest on their credit card (or any other form of mortgage that is charging compound hobby) will double the quantity they owe in six years. a continuously compounded hobby is the mathematical restriction of the general compound hobby components with the interest compounded infinitely frequently each year.
Learn more about Compound interest here:-https://brainly.com/question/24924853
#SPJ4
decisions regarding logistics and managing the supply chain take place within the element of the marketing mix.
Decisions regarding logistics and managing the supply chain take place within the element of the marketing mix. The given statement is TRUE.
The four Ps are also known as the marketing mix.
The 4 ps are:
ProductPricePlacePromotionThey include a variety of factors that are taken into account when marketing a product, such as what consumers want, how the product or service meets or fails to meet those wants, how the product or service is perceived in the world, how it differentiates itself from the competition, and how the company that produces it interacts with its customers.
Product:
The product's definition is also critical to its distribution. Marketers must comprehend a product's life cycle, and business executives must have a strategy for dealing with products at each point of their life cycle.The sort of product also influences how much it will cost, where it should be installed, and how long it will last.Price:
The price of a product is the amount of money that customers are willing to pay for it. Marketers must link the price to the product's true and perceived worth, while also taking into account supplier costs, seasonal reductions, rival prices, and retail markup.In rare circumstances, business decision-makers may increase a product's price to give it the image of luxury or exclusivity. Alternatively, they may reduce the price so that more buyers will try it.Place:
Placement is the consideration of where the product should be available, both in physical stores and online, as well as how it will be exhibited.This entails simply placing a product in specific stores and ensuring that it is showcased to its best potential.The term placement also refers to advertising the goods in the appropriate media to attract consumers' attention.Promotion:
The purpose of promotion is to communicate to customers that they require this product and that it is reasonably priced. Advertising, public relations, and the whole media strategy for launching a product are all examples of promotion.Marketers frequently combine promotion and placement components to attract their target audiences.Hence, the given line is TRUE.
Learn more about marketing mix:
https://brainly.com/question/859394
#SPJ4
The lease is appropriately classified as a sales-type lease. assuming the interest rate for this lease is?
The lease is appropriately categorized as an income-type lease. assuming the hobby rate for this rent is 9%.
A lease is assessed as a finance hire if it transfers the possession of belongings to the lessee. An instance of a finance rent can be the car lease wherein the lessee makes periodic payments to the lessor and after a specific time frame says after 5 years, the ownership of the vehicle is transferred to the lessee.an agreement to pay cash so one can use land, a building, a vehicle, or a bit of device for a selected time frame: The employer signed a lease for the assets in December. The authentic tenant stays liable during the whole term of the lease.
A lease is a contractual association calling for the person to pay the owner for the use of an asset. belongings, homes, and vehicles are commonplace belongings that can be leased. commercial or commercial enterprise equipment is also leased. basically, a hire settlement is a settlement between two events: the lessor and the lessee.
Learn more about lease here:
https://brainly.com/question/24460932
#SPJ4
If a new security issue is marketed to a definite and select group of investors (such as current stockholders, employees or customers) the issue is called?
A privileged subscription is a new security issue that is sold to a specific and limited set of investors (such as present stockholders, employees, or consumers).
Stockholder:
A stockholder is a corporation shareholder or an individual who owns at least one share of an organization's capital stock. Stockholders are the majority of the company's owners, and they often obtain the company's success in the form of increasing stock valuation. However, if the company's stock price falls, the stockholder may also suffer losses. Corporate shareholders, unlike the company's owner, are not liable for the company's debts or other financial commitments, and they do not supervise the operations.
To learn more about stockholder
https://brainly.com/question/14032844
#SPJ4
you take a long position in a futures contract. the following day, the futures price rises by 1%. what is the return on equity in your margin account?
A futures contract is purchased long. Next day, there is a 1% increase in the price of futures. The return on equity in your margin account is higher than 1%.
In contrast to equality, the term "equity" denotes justice and fairness: Equity, as opposed to equality, refers to the understanding that not everyone starts from the same place and that inequities must be acknowledged and corrected. The process is ongoing, and we must find and remove both intentional and unintentional impediments brought on by prejudice or systematic structures. Equity can be used to a single asset, such as real estate property, or to a corporation and is calculated by deducting liabilities from assets. For instance, if a person owns a home worth $400,000 and owes a mortgage of $400,000, the $100,000 difference is equity.
Learn more about equity here
https://brainly.com/question/13278063
#SPJ4
Those who emphasize learning and experience in perceptual development are called?
Those who emphasize learning and experience in perceptual development are called empiricists.
Who are empiricists?This is the term that is sued to refer to the people that practice empiricism. That is they are the people that believe in the epistemological theory that has to do with the justification of knowledge and the fact that knowledge only comes from the sensory experience that a human being would have.
John Locke is a Philosopher that can be used as an example. Hence we can say that Those who emphasize learning and experience in perceptual development are called empiricists.
Read more on empiricists here: https://brainly.com/question/10795800
#SPJ1
In the market for tacos, you observe that the equilibrium price and quantity have increased. this can be caused only by?
In the market for tacos, you observe that the equilibrium price and quantity have increased. this can be caused only by an increase in the incomes of people who eat tacos.
This is further explained below.
What is the market?Generally, A market is an economic term for the collection of the many systems, institutions, processes, social interactions, and infrastructures that enable parties to participate in trade with one another.
Although parties may engage in the trading of products and services via bartering, the vast majority of markets are predicated on sellers providing their wares or services to purchasers in return for monetary compensation.
In conclusion, You see that the equilibrium price and quantity of tacos have climbed recently, which is something that you perceive in the market. There is only one factor that could have brought about this result: a rise in the salaries of taco eaters.
Read more about the equilibrium price
https://brainly.com/question/14480835
#SPJ4
for each of the following scenarios, indicate whether the individual made a correct choice or an incorrect choice when preparing a budget. correct choice incorrect choice nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. he should include this in his budget. stella was just notified that her contribution to the company’s health plan is increasing by 3.5%. it’s a company expense, so stella doesn’t include it in her budget. as sam was reconciling his checkbook, he realized that he incurred $13.25 last month for atm withdrawals. he looked back at the last six months and realized that he averaged the same amount each month. this is an unexpected expense and shouldn’t be listed in his budget. every year the wus buy a big item or take a trip with a single annual bonus barb receives. they included this in their budget.
1. Correct choice. Nathan usually pay the monthly commission of $2,200. Therefore, it should be included in the budget.
2. Correct choice Strella has increased the contribution by 3.5% but it is not the usual increase by strella. Therefore, it should not be included in the budget.
3. Incorrect choice. Sam usually withdraw similar amount from ATM for six months. Therefore, it should be included in the budget.
4. Correct choice The trip takes place every year. Therefore, it should be included in the budget
She has paid a painter to create a portrait of herself. An assortment of stamps have been ordered to honor the Fourth of July. They hired me to produce a number of language-related articles. He requested a report on the catastrophe.
a payment made for services, typically a portion of the whole expense. As an illustration, Amanda's painting was sold by City Gallery for $500. Amanda gave them a 10% commission (of $50), leaving Amanda with $450.
Learn more about commission here
https://brainly.com/question/26283663
#SPJ4
Policy makers frequently do not want to see their currencies depreciate because it makes__________ goods more expensive fo
Policymakers frequently do now not want to look their currencies depreciate because it makes customers' items extra high priced for contributions.
A policymaker is someone who creates thoughts and plans, particularly those done with the aid of an enterprise or authorities. A mayor, a school board, an organization's board of directors, and the President of America are all policymakers.
Policymaking is the act of creating laws or setting standards for a government or commercial enterprise. An instance of policymaking is when the President and his personnel draft and pass a new crime bill.
Policymakers are often sensible customers of proof and have huge and varied information, knowledge, and backgrounds. Their remarks and advice can enhance the capacity for impact and even the first-class of your studies.
Learn more about Policymakers here: https://brainly.com/question/1909388
#SPJ4
An american firm decides to build another manufacturing plant in poland to handle the demand for its products in that country. this is an example of?
An american firm decides to build another manufacturing plant in poland to handle the demand for its products in that country. this is an example of a direct investment .
What is direct investment ?
Direct investment is sometimes known as foreign direct investment (FDI). FDI is an investment in a foreign business enterprise with the goal of acquiring a controlling interest in the enterprise. Direct investment provides capital support in exchange for an ownership stake in a firm without requiring the purchase of normal shares of stock.
Direct investment may entail a corporation in one country establishing its own business operations in another.
Direct investment can also entail purchasing control of a company's assets that are already operating in a foreign country.
Direct investment can be classified into three types: vertical, horizontal, and conglomerate.
To know more about direct investment
https://brainly.com/question/14525125
#SPJ4
What happens to the total amount of consumer surplus in a market if the cost of production rises? the total amount of consumer surplus:
The total amount of consumer surplus in a market decrease if the cost of production rises.
Consumer surplus in economics demonstrates the difference between the actual price of a commodity paid by the consumer and the price he is willing to pay for the same. It refers to the consumer benefits resulting from market competition. A surplus occurs when the consumer's willingness to pay for a product is greater than its market price.
This concept of consumer surplus is based on the theory of marginal utility meaning the additional satisfaction a consumer gains per unit. Thus, as the cost of production increases, the price increases too. This increase in price lowers consumer satisfaction and thus the consumer surplus.
Learn more about consumer surplus: brainly.com/question/4113507
#SPJ4
You are interviewing for an internship with an investment firm. They ask you to come up with the price to charge on a security that makes growing annual payments for 10 years. The first payment is one year from today in the amount of $100 and it grows at 2% per year. The investment firm thinks potential investors have a required return of 9% per year. What is the highest price investors would be willing to pay for this security?.
Investors would be willing to pay $693 maximum for this security.
Year Cash flow PVF at 17% PV
1
1 100 0.917 92
2 102 0.842 86
3 104 0.772 80
4 106 0.708 75
5 108 0.650 70
6 110 0.596 66
7 113 0.547 62
8 115 0.502 58
9 117 0.460 54
10 120 0.422 50
Price = 693
My expectations include having the capacity to discover out the way to distinguish commerce issues, the way to select investment methodologies to handle these issues, and the way to arrange and execute the strategies required to achieve these objectives.
A chance to conversation with previous assistants from that company to actuate their viewpoint on the internship encounter. I would make your investment work much simpler. I've got parts of abilities that will make me stand out. I'd like you to give me a chance to let my work speak to myself.
As a result I pick-up modern advances rapidly, I do know I'd be prepared to step into my internship investment and make an impact. Which, is what I really need to undertake to do in an internship. I would like to form a bearing on my group and supply genuine esteem
learn more about investment here:
brainly.com/question/25300925
#SPJ4
A registered representative enters an order for a customer, and later notices that the wrong account number has been entered on the order ticket. the proper procedure is the?
The proper procedure when a registered representative enters the wrong account number is that the branch office manager must approve a change of account number on the existing order ticket.
The reputation that the company has in the eyes of the customer is the most important thing. A fall in this may result in the customer going somewhere else. so this results not only in the loss of that customer but all the business that the customer and his friends could give us and this should be prevented at any cost.
Customer satisfaction is the main factor so the rectification of the mistake has to be done within the office itself. The branch office will have to approve the change of the account number of the existing order ticket. As the customer wanted the product he approached the company. So the mistake should be rectified by the branch office where the registered representative works.
Learn more about registered representatives here:
https://brainly.com/question/24014936
#SPJ4