which is the best definition of the purpose of a business?

Answers

Answer 1

Answer:

The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents.

It could also mean that people who create businesses want to sell their products to make money.


Related Questions

Mention the things should be considered while selection of profession and formation of plan.​

Answers

There are several factors that must be considered when choosing a profession and forming a career plan, such as the personality and interests of the individual.

How to choose the ideal profession?

It is essential that the student does in-depth research on the fields of greatest interest, seeking support from sources that explain the professional area, responsibilities and development. It is also helpful to ask yourself a few questions, such as:

What are your interests?What are your skills?How is your personality?What academic training is required?

Therefore, the choice of the appropriate profession must be personal and conducted in a consistent manner, as this choice will impact on different areas of the individual's personal and professional life.

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PLEASE ANSWER
Which is an example of collateral consequences?
A. A craft store owner who sold defective blankets must pay
back her customers' money.
B. A man who stole computers from his company wears an
ankle monitor for one year.
C. A clerk who stole credit card information cannot get a job
after his release from prison.
D. A woman who ran a red light at a busy intersection must
pay a substantial fine.

Answers

Answer:

C.

Explanation:

Collateral consequences are legal and regulatory restrictions that limit or prohibit people convicted of crimes from accessing employment, business and occupational licensing, housing, voting, education, and other rights, benefits, and opportunities.

In this scenario, the clerk cannot get a job anymore after he stole credit card information. He cannot be trusted anymore due to his actions.

The example of  collateral consequences is a clerk who stole credit card information cannot get a job after his release from prison. Thus option (C) is correct.

What is  collateral consequences?

Collateral consequences refer to the additional penalties or legal disabilities that result from a criminal conviction or arrest, beyond the direct sentence imposed by the court.

These consequences can include loss of voting rights, difficulty finding employment or housing, ineligibility for government assistance programs, and restrictions on the ability to obtain professional licenses or own firearms, among others.

A clerk who stole credit card information cannot get a job after his release from prison is an example of  collateral consequences. Therefore, option (C) is correct.

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In the context of exporter and buyer relationships, the value of sales is high but business impact is low in which of the following relationship types?

Answers

The transactional relationship exist where value of sales is high but business impact is low since emphasis are on pure transaction rather than any other matters.

What is a business relationship?

This means the connections that exist between the the people that engage in commerce transactions such as from:

buyer to sellerbuyer to exportersupplier to buyer.importer to buyer etc.

The main types of relationships that exist in the business are transactional, functional, affiliative and strategic relationships.

Therefore, the transactional relationship is the answer.

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An article in the Economist observed that "people of all ages would gain from policies that boosted growth and productivity."
Source: "Slower Growth in Ageing Economies Is Not Inevitable," Economist, March 28, 2019.
a. What do people gain when the economy experiences growth and improved productivity?
O A. Real wages increase when workers produce more output per hour.
O B. In general, increased productivity and economic growth are the key to rising living standards.
C. Workers receive higher real wages that allow them to buy more of the goods and services that firms produce.
D. Only A and B are correct.
O E. All of the above are correct.
b. Does increasing productivity automatically increase growth? Briefly explain.
O A. No, accumulating more inputs—such as labor, capital, and natural resources is the key to automatically increasing growth.
B. No, this assumption only holds true for high-income countries like the United States.
C. Yes, increasing productivity should automatically increase growth as measured by nominal GDP.

Answers

A. When the economy experiences growth and improved productivity, E. All of the above are correct.

b.  accumulating more inputs—such as labor, capital, and natural resources is the key to automatically increasing growth.

What is economic growth?

This is a growth that exists in an economy due to the fact that there is an increase in the number of goods and services that are produced in the economy.

The growth is measured with comparison between two different periods of time.

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Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________.

Answers

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _higher_and real GDP to be higher.


What is Expansionary fiscal policy ?

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _higher_and real GDP will be higher.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 4 pounds at $8 per pound$ 32 Direct labor: 2 hours at $16 per hour32 Variable overhead: 2 hours at $6 per hour12 Total standard cost per unit$ 76 The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. Direct laborers worked 67,000 hours at a rate of $17 per hour. Total variable manufacturing overhead for the month was $422,100. rev: 11_20_2017_QC_CS-109672 6. If Preble had purchased 182,000 pounds of materials at $7.40 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March

Answers

The materials quantity variance for March for Preble Company, which manufactures a product, is $96,000 Unfavorable.

What is a materials quantity variance?

A material quantity variance shows the difference between the actual materials consumed and the budgeted amount in production.

Computing the materials quantity variance helps management to determine the production efficiency.

The materials quantity variance can be computed using the following formula:

Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.

Data and Calculations:

Planned production and sales units = 32,000 units

Actual production and sales units = 37,000 units

Standard Costs:

Direct materials: 4 pounds at $8 per pound  $ 32

Direct labor: 2 hours at $16 per hour                 32

Variable overhead: 2 hours at $6 per hour        12

Total standard cost per unit                             $ 76

Actual Costs:

Purchase of raw materials = 160,000 pounds

Cost of purchase per pound = $7.40

Direct labor hours = 67,000 hours

Direct labor rate = $17 per hour

Total variable manufacturing overhead = $422,100

Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.

= (37,000 x 4 - 160,000) x $8

= $96,000 Unfavorable

Thus, the materials quantity variance for March for Preble Company is $96,000 Unfavorable.

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Saying "We can certainly look at replacing your phone with a refurbished model" rather than saying "Unfortunately, we can't replace your
phone with a new one." is an example of
a. assertive communication
O b. escalating the interaction
O c.active listening
O d. maximizing positive language

Answers

Answer:

Explanation:

Maximizing Positive Language.

We are saying we can do something - perhaps not what the customer wants, but it is something. That's saying what you can do, not what you won't. Answer A

You are not actively listening. You are talking. Not C

You are not being assertive. You are trying to negotiate. Not A

The second choice (escalating the interaction) would be what the second response would be doing. It's almost a rude statement. Not B

who is me are you ok.

Answers

Answer:

I am ok, and you are a human being. Or are you...?

You are a person human alive on earth I’m ok

Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting
process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be
allocated to each product line. The information shown below relates to overhead.
Mobile Safes Walk-in Safes
200
50
300
200
Units planned for production
Material moves per product line
Purchase orders per product line
Direct labor hours per product line
450
350
800
1,700
(a)
* Your answer is incorrect.
The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of
direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, eg. 12.25.)
(1)
One mobile safe
$
350
per unit
(2)
One walk-in safe
$
1647
per unit

Answers

Under the traditional costing method (which assigns overhead on the basis of direct labor hours), the amount of manufacturing overhead costs assigned to the following by Perdon Corporation are:

1) One mobile safe    $448  per unit

2) One walk-in safe   $3,808 per unit

What is a predetermined overhead rate?

A predetermined overhead rate is used by the traditional costing method, unlike the Activity-based costing system (ABC), which uses activity drivers and cost pools.

The traditional costing method assigns overhead costs based on a companywide cost driver, for example, direct labor hours.

Data and Calculations:

Total overhead = $280,000

                                                          Mobile Safes     Walk-in Safes   Total

Units planned for production                   200                     50             250

Material moves per product line              300                    200           500

Purchase orders per product line            450                    350           800

Direct labor hours per product line         800                 1,700         2,500

Predetermined overhead rate per direct labor hour = $112 ($280,000/2,500).

Total overhead costs assigned to        $89,600         $190,400

                                                          ($112 x 800)    ($112 x 1,700)

Overhead per unit                                     $448     $3,808

                                                    ($89,600/200)    ($190,400/50)

Thus, under the traditional costing method, the amount of manufacturing overhead costs assigned are $448  per unit of Mobile Safe and $3,808 per unit of Mobile Safe.

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Nicholas, Inc. has provided the following unit data for review: Simple ProductAdvanced Product Selling price$22.75$55.00 Variable cost10.0034.50 Pounds of scarce raw material per unit35 Which product, Simple or Advanced, is most profitable for Nicholas, Inc. to manufacture

Answers

The most profitable product for Nicholas, Inc. to manufacture based on unit data and contribution margin per unit of a scarce resource is Advanced Product.

What is a profitable product?

A profitable product is one whose sales revenue covers the costs of production, selling, and administrative support.

A profitable product can be determined by determining the contribution margin per unit and dividing this by the units of a scarce resource that it consumes.  The result is the contribution margin per unit of the scarce resource.

Thus, the product that yields the higher contribution margin per unit of a scarce resource is preferable to the rest.

Data and Calculations:

                                                    Simple Product     Advanced Product

Selling price                                          $22.75                      $55.00

Variable cost                                           10.00                         34.50

Contribution margin per unit               $12.75                       $20.50

Pounds of scarce raw material per unit   35                           35

Contribution margin per scare resource $0.364                 $0.586

Thus, the most profitable product for Nicholas, Inc. to manufacture based on the given unit data and the contribution margin per unit of a scarce resource is the Advanced Product.

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What do intentional torts, negligence, and strict liability have in common?
A. They involve injury to a person or property.
B. They demonstrate a breach of duty.
C. They show that a product is flawed.
D. They show that the defendant was at fault.

Answers

The common factor between intentional torts, negligence, and strict liability is that D. They show that the defendant was at fault.

What do the above have in common?

Intentional torts refer to when a person commits a wrongful action on purpose while negligence refers to a failure to uphold one's duty.

Strict liability is when a person is liable for committing what they are accused of.

In all these cases, the defendant is at fault which means that the best option is therefore option D.

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GIVING BRANLIEST!!!!!!!!!!!!!!!!!!
What are some examples of Employees who represent two careers from the Arts, AV Technology & Communication Cluster

Answers

What are some examples of Employees who represent two careers from the Arts, AV Technology & Communication Cluster:

Broadcast TechnicianSoundboard OperatorEquipment operatorActorGraphic DesignerInterior Designer

 

   I attached a diagram that I found with more examples

Hope that helps!

State five Features of advertisement​

Answers

Answer:

Inform and persuade

Identified sponsor

Sell or promote ideas, goods and services

paid form

non-personal presentation

inform & persuade

identified & sponsor

varied objective s

use of Media

), AP At the end of its first year, the trial balance of Wolowitz Company shows Equipment $30,000 and zero balances in Accumulated Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,750. Prepare the annual adjusting entry for depreciation at December 31, post the adjustments to T-accounts, and indicate the balance sheet presentation of the equipment at December 31.

Answers

Based on the depreciation balances and the equipment, the adjustments to the T-accounts and the Balance sheet will be:

Date               Account title                                                Debit         Credit

December 31  Depreciation expense                           $3,750

                      Accumulated depreciation on                                    $3,750

                      equipment

                                                    T account

                                    Depreciation expense Equipment

                                                                    December 31                  $3,750

                                                 T account

                                   Accumulated Depreciation on Equipment

                                                                    December 31                  $3,750

                                             Balance sheet presentation

Assets

Property, Plant, and Equipment:

Equipment                                                            $30,000

Less: Accumulated depreciation                          ($3,750)        

      Equipment (Net book value)                                                    $26,250

What are the entries?

Depreciation of $3,750 will be debited to the depreciation expense account. The accumulated depreciation account will be credited by the same amount.

In the balance sheet, the equipment value will be reduced by the depreciation amount to $26,250.

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A manager with _____ skills has the ability to deal effectively with people inside and outside the organization.

Answers

Answer:

Interpersonal

Explanation:

PLEASE MARK ME AS BRAINLIEST AND HAVE A NICE DAY :)

Simone, owner of the Blue Canoe Coffee Shop, ran a report showing the identified valued customer visits the shop on average 15 times in a 30-day period. Simone now wants to break down the information further to determine how many visits she should expect in a 20-day period from a tracked value customer. How many visits should Simone expect

Answers

Answer:

 30 day period the average number o…

Research from the Blue Canoe Coffee Shop revealed that the identified valued client visits the shop an average of 15 times in a 30-day period. The average number during a 30-day period.

What is research?

Research is a process of systematized inquiry that entails the collection of data; documentation of critical collection; and analysis and interpretation of that data/aggregation, in accordance with suitable epistemologies set by specific occupational group fields and academic discipline scientists in the 19th and 20th centuries dug up graves and disturbed sacred sites and human remains in pursuit of their research into indigenous cultures.

As scientists need to research new things as they are willing to grave the land and find the things in it. They need to find new things from it. Research The Blue Canoe Coffee Shop did a survey that revealed the identified valued client visits the shop an average of 15 times in a 30-day period. The average number during a 30-day span.

Therefore, Research from the Blue Canoe Coffee Shop revealed that the identified valued client visits the shop on average

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3. During Michael Jordan's NBA career (
percentage of 83.5% in regular seas
career, how many completed free thro
redictions: On
Accessibility: Investigate
OBI

During Michael Jordan's NBA career (1984–2003), he averaged a free throw completion percentage of 83.5% in regular season play. If Jordan threw 8,772 free throws in his career, how many completed free throws did he make?

Answers

Answer:

7324

Explanation:

We need to find the number of completed free throws out of total free throws

Since he completed 83.5% of them, you find 83.5% of 8772

83.5% can be rewritten as 0.835

[tex]8772 \times 0.835 = 7324.62[/tex]

We don't round up because it isn't 1 complete free throw. 0.62 is not 1 complete free throw so round down

Geer Corporation has had the following returns for the past three years, 10%, -9%, and 14%. Calculate its compound annual returns.

Answers

The compound annual returns rate for Geer Corporation with the past three years' returns of 10%, -9%, and 14% is 4.5%.

What is the compound annual return?

The compound annual return of an investment is the annualized rate of return that considers the compound effect of the investment for each year.

The compound annual returns rate can be computed using an online finance calculator as below.

The computed rate can be applied to an imaginary investment amount to prove the mathematics as below.

Data and Calculations:

N (# of periods) = 3 years

I/Y (Interest per year) = 4.5%

PV (Present Value) = $1,000

PMT (Periodic Payment) = $0

Results:

FV = $1,141

Total Interest $141

Maths:

Year 1: $1,000 x 4.5% = $1,045

Year 2: $1,045 x 4.5% = $1,092

Year 3: $1,092 x 4.5% = $1,141

Proof:

Year 1: $1,000 x 10% = $1,100

Year 2: $1,100 x -9% = $1,001

Year 3: $1,001 x 14% = $1,141

Thus, the compound annual returns rate for Geer Corporation with the past three years' returns of 10%, -9%, and 14% is 4.5%.

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3. A U.S. MNC needs to raise capital of $100 million by issuing bonds. The firm can either raise US$ at 5% interest rate or issue foreign bond in Germany denominated in Euro at 6%. The Euro is expected to depreciate by 2% in the following year. What is the best alternative and how much is the effective dollar cost

Answers

1. The best alternative for raising $100 million in bonds is B. Borrow Euro.

2. The effective dollar cost of the U.S. MNC is B. approximately 5%.

What is the effect of borrowing the Euro?

If the U.S. multinational company (MNC) borrows the $100 million by issuing Euro bonds, it will cost it $5 million annually but it will gain from the depreciation of the Euro by 2%.

The depreciation of the Euro reduces the effective interest rate of 6% for borrowing in the Euro to 4% (6% - 2%).

Answer Options:

A. Borrow dollars and the effective dollar cost is approximately 4%.

B. Borrow Euro and the effective dollar cost is approximately 5%.

C. Borrow Euro and the effective dollar cost is approximately 7%.

D. Borrow dollars and the effective dollar cost is approximately 5%.

Thus, the best alternative and the effective dollar cost of the U.S. MNC raising capital of $100 million through the issuance of bonds is B. Borrow Euro and the effective dollar cost is approximately 5%.

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Cert 4 real estate if an agent (A)_ that (B)_ or creates an (C)_ when there is (D) _ , they expose themselves to (E) _

Answers

The cert 4 is an illustration of real estate practices

The statements that complete the blanks are: A = provides; B = information; C = impression; D = no reasonable foundation; E = misrepresentation

What is the cert 4?

The cert IV or cert 4 is a certificate that given an individual the licence to apply for the class 2 real estate agent practice, and it also helps the individual to perform real estate practices successfully.

How to complete the blanks?

Under the business management law of real estate practices, we have the following estate practice law:

"If an agent provides information or creates an impression when there is no reasonable foundation, then they expose themselves to misrepresentation."

Using the above as a guide, the statements that complete the blanks are:

A = provides; B = information; C = impression; D = no reasonable foundation; E = misrepresentation

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What are the similarity and common characteristics of regulation, rule and policy?

Answers

Answer:

Policies are the rules and regulations that serve as a guiding principle for the organization while making decisions. On the other hand, procedures are the precise steps that are followed while carrying out an organization activity.

There is always a relation between them: Policies are rules that are made by organizations, to achieve their aims and goals. Policies are made by individuals, groups, companies, and even governments to carry out their plans. Regulations are rules that are made to make people comply and behave in a certain manner.

There is usually a relationship between rules, regulations, and Policies.

What is the relation between Policy and Regulations?

Policies are rules that might be made through organizations, to reap their objectives and goals.

Policies are made through individuals, groups, companies, or even governments to perform their plans. Regulations are rules that might be made to make humans comply and behave in a sure manner.

Hence, these are the similarities and common characteristics of regulation, rule, and policy.

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Please answer quickly

Answers

it c because your teacher is going to give then their phone so is positive

Good planning and wise use of insurance can eliminate all risk. True or false?

Answers

Answer:

False.

Explanation:

Good planning and wise use of insurance are some ways you can reduce risk, but it won't eliminate all risk.

health insurance is designed to cover

Answers

Answer: Loss of income due to accidents or sickness and healthcare expenses



Explanation:

Please select the word from the list that best fits the definition


Requires accuracy and privacy of information contained in credit reports.

Answers

Answer:

they contains main

primary credit report

Which statement below accurately describes Hope’s gross wages?

Answers

Can you provide an image of some kind?

The Chief Strategy Officer for Miles Corporation is putting together a presentation using the Boston Consulting Group Matrix. The corporations pet products division has a low market share, but the pet products market is growing rapidly. This division should be placed in the _____________ quadrant of the BCG Matrix.

Cash cow

kitten

star

question mark

dog

Answers

The quadrant that the division on pet products should be placed on the BCG Matrix is the Question Mark.

What is the Question Mark quadrant?

Companies and divisions that are put in the question mark quadrant of the BCG matrix are in markets that have a high rate of growth.

This hight rate of growth is however countered by the low market share that the division or company has much like the pet products division described above.

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Imagine you are the project manager for a team that has just finalized a project and released the product to the client. Now it is time to do an evaluation, and you know that when evaluating the success of a project, there are a number of important evaluation questions to ask. Make a list of five questions that you would include on your evaluation sheet. Make sure that each question is applicable to all people working on the project. Provide a brief explanation of why you would include each question.

Answers

Answer:

What progress has been made?

Were the desired project objectives achieved?

Do the project results justify the project inputs?

Is every team member satisfied with the result?

What could have been done better?

Explanation:

That's the answer I put.

For a project manager it is the duty and task of mine to monitor the things very carefully.

What is Project Manager?

Project manager is actually that person who actually plays an leading role in actually planning and executing the projects.

So the five question are-

What progress has actually been made?

Were the actual desired project objectives achieved?

Do the project results justify the overall project inputs?

Is every team member is merely satisfied with the result?

What could have basically been done better?

Therefore Project manager are responsible and accountable for the entire projects the overall project team.

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Identify each scenario as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy. a. An increase in the money supply is fiscal policy. b. A decrease in taxes is fiscal policy.

Answers

Based on the tenets of fiscal policy, the following are true:

An increase in money supply is not an example of fiscal policy. A decrease in taxes is expansionary fiscal policy.

What is fiscal policy?

Fiscal policy refers to things that the government does in order to influence the economy through spending and taxation.

When there is a decrease in taxes for instance, this is expansionary fiscal policy as the government is trying to increase the amount that people have to spend.

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1. How would you market a health club in the south versus the East Coast or West Coast?

Answers

I will market a health club in the south through the use of  Social Proof. Social proof, Targeted Email Marketing, the use of Website and Mobile App to push Referrals.

What is the aim of a health club?

Health clubs are known to be as fitness centers or gyms. They are known to often give some specific services to make sure that members can be able to meet their fitness goals or purpose.

Note that Health clubs are an efficient tool way to spice up one's routine. I will market a health club in  East Coast or West Coast through the use of gyms influencers, giveaway or the use of contest.

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The Secretary of Defense" is fromwhat part of the government?A CongressB. Supreme CourtC. Presidential Cabinet Find the equation of line a and line b.HELP PLEASE Carmen's car used 11 gallons of gas to travel 462 miles. How many miles per gallon did his car travel? Show the steps for finding the unit rate Naoya read a book cover to cover in a single session, at a rate of 555555 pages per hour. After reading for 444 hours, he had 330330330 pages left to read.How long is the book? HELP PLEASE THIS IS EASY ITS FREE PONTS LOL work out size of angle x COMPLETE ANSWERTHE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST Which statement best describes how potassium bonds with bromine?Potassium will donate an electron to bromine.Bromine will donate an electron to potassium.Bromine will donate seven electrons to potassium.Potassium will share seven electrons with bromine. Why would the author choose to use the tree's point of view in the poem?A. to explain the importance of trees to our environmentB. to show how the tree compares itself to men and womenC. to emphasize the point of view of the tree and how it feels being aloneD. to show how the tree cares about being around other trees -3 1/2 - (-4 1/4) on Without judging the ethics of these claims, how do some companies and individuals justify manufacturing and purchasing goods that involve child labor to produce? A hoodie was $40 but is marked up 35%. What is the selling price? To calculate acceleration you mustSelect one:multiply the force and massadd the force and massdivide the mass by the forcedivide the force by the mass Please read the scenario below and answer the questions that follow.Thomas Sloane was a candidate for President of the United States. He stated at a private fundraiser, "Only half of the immigrants to the United States make positive contributions to our country." Thiscomment was recorded and released to the media, who repeatedly aired the statement. A week later, a national poll asked voters if Thomas Sloane's comment affected who they would support forpresident. The results were that 22% said the comment made them more likely to vote for him, 41% said they were less likely to vote for him, and 37% said the comment made no difference.Based on the scenario, what is the likely impact of Thomas Sloane's statement?APolitical communication will not influence the election.B.Public opinion will influence the election..Fewer people will vote in the election.D.More people will vote in the election. If you attended a Broadway musical, describewhat you might see on the stage. (4 points) if you will solve this math 50 point + brainlists=5+6+6+83+1553____84 John's water bill this month was $19.67 . Looking at the water bill, it says he used exactly 10,000 gallons of water. How much does he pay per gallon of water used? Which of the following is true of theme?There can only be one theme in a story. Theme is developed during the climax typically. There are only one or two standard themes in fiction. Theme is typically unrelated to the character's actions.Thank you! Choose the statement that would be a commonplace assertion for this claim: road to glory is a skateboader's paradise. Select the expression that is equal to 3(7+x)13x21+4x21+3x10+3x10+4xI don't know