Question: How do morality and values shape our attitudes? Give a
brief explanation with an example. (Word limit300) Full mark
10.
Answers
Morality and values significantly influence our attitudes, guiding our beliefs and behaviors. They serve as a compass that shapes our perception of right and wrong, determining our attitudes towards various issues and individuals.
Morality refers to the principles or standards of conduct that govern our actions and decisions. Values, on the other hand, are our personal or cultural beliefs about what is important and desirable in life. Together, they form the foundation for our attitudes.
For example, if someone values honesty and believes it is morally wrong to lie, their attitude towards dishonesty will likely be negative. They may express disapproval and distrust towards individuals who engage in deceptive behavior. On the contrary, a person who values empathy and believes in helping others may have a more compassionate and understanding attitude towards those in need.
Furthermore, cultural and societal values also play a significant role in shaping attitudes. In some cultures, collectivism is highly valued, promoting a sense of community and cooperation. This can lead to attitudes that prioritize the greater good over individual interests. Conversely, in cultures that emphasize individualism, attitudes may focus more on personal achievement and self-reliance.
It's important to note that attitudes can vary among individuals, as morality and values are subjective and can differ based on personal experiences, upbringing, and cultural backgrounds. However, they provide a framework through which we evaluate and judge the world around us, influencing our attitudes towards various aspects of life, such as politics, religion, relationships, and social issues.
In conclusion, morality and values shape our attitudes by providing a moral compass and guiding our beliefs and behaviors. They influence how we perceive and respond to different situations, individuals, and societal issues. Understanding the role of morality and values in attitude formation helps us comprehend the diversity of attitudes and promotes empathy and tolerance towards differing perspectives.
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Related Questions
If you are trying to reduce the cost of college, which of the following strategies isLikely to save you the most money?
A.Purchasing used books
B.Attending a private college
C.Attending an in-state Public University
D.Living in an off-campus apartment
Answers
Answer:
C. Attending an in-state Public University
Explanation:
In most states you can get higher in-state scholarship and on-campus living.
If we are trying to reduce the cost of college, which of the following strategies is likely to save us the most money is Attending an in-state Public University. The correct option is c.
What is an in-state public university?In-state public university run by the state government of each of the states and territories of India, and are usually established by a local legislative assembly act. The University Grants Commission (UGC), draws its power from the University Grants Commission Act, 1956.
In addition, 15 Professional Councils are established, controlling different aspects of accreditation and coordination. The UGC publishes and regularly updates the lists of state universities. As of 16 November 2022, the UGC lists 459 active state universities. The oldest establishment date listed by the UGC is 1857, shared by the University of Calcutta, the University of Madras and the University of Mumbai.
Apart from the above universities, other institutions are granted the permission to autonomously award degrees.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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which principle defines how many times something repeats.
Answers
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answers
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
Neela is making an Excel workbook, which will be on display at a school fair. She would like viewers
to be able to use it interactively and easily insert or remove functions to see how the data interact.
Neela decides to create macros. Now she needs to make sure the macros have clear, large-font
descriptions and are easily accessible and understandable to users.
Which is the best way for Neela to present the macros?
O insert each of them into the Quick Access Toolbar
use the Options menu to customize the ribbon and add the macros
O create buttons with large labels on the worksheet itself
O leave a list next to the computer with keystroke shortcuts for each macro
Answers
Create buttons with large labels on the worksheet itself is the best way for Neela to present the macros. Hence, option C is correct.
What are macros in Excel?When using Microsoft Excel, you can record a macro to automate routine tasks. A macro is an action or group of actions that can be continuously performed. When you create a macro, you are recording your keystrokes and mouse clicks.
Specifically, carbs, proteins, and fats are the three macronutrients. In order to achieve specific objectives, counting macros simply requires keeping note of how many grams of each type of macronutrient you consume each day. Techniques like the keto diet depend on it greatly.
Thus, option C is correct.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
the metaphor the textbook choose to describe the relationship between organizational culture and project management is that of a riverboat trip. culture
Answers
Culture is the river and the project is the boat in the textbook describing the organizational culture and project management.
What is organizational culture and how does it affect project management?The attitudes, values, beliefs, and behaviors of an organization's workplaces where the culture is not supportive of it, project personnel, as well as its underlying presumptions, make up its culture. In management can occasionally be seen as an additional burden and disturbance to routine work.
In the absence of an effective project management office (PMO) and consistent organizational culture and practices across projects, project operations will differ from one project to the next as well as from one department to the next. The project culture of an organization largely impacts whether the projects it works on are successful or unsuccessful.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
Which is a good rule to follow when sending business emails? (1 point)
Answers
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2.5% for one year, could earn him simple interest totaling $300. How much does Tyrell pay in additional interest each month?
Answers
Answer: $1000
Explanation:
From Tyrell's calculation, if he invests his additional credit card payment at the rate 2.5% per annum for one year could earn him simple interest totaling $300
Recall:
Simple interest = principal × rate × time
Principal = additional credit card payment
$300 = principal(P) × (2.5/100) × 1
$300 = P × 0.025 × 1
$300 / 0.025 = P
P = $12,000
Therefore, additional payment per year = $12,000
Monthly payment thus equals :
$12,000 / 12 = $1000
Answer:
c. $1,000
Explanation:
edge 2020
the negative impact of the coronavirus as one of the socio- economic issues on businesses
Answers
Answer: reducuced workforce across all economic sectors and caused many jobs to be lost.
Explanation:
when a country experiences high economic growth, a major cause usually is often _______
Answers
When a country experiences high economic growth, a major cause is often higher productivity. Option A is correct.
Higher productivity can lead to increased output and income, which can help to drive economic growth. When workers are able to produce more goods and services per unit of time, this can lead to increased efficiency and profitability for businesses. In turn, this can lead to higher wages and more spending in the economy, which can help to further boost economic growth.
Lower interest rates can also help to stimulate economic growth by making it easier and more affordable for businesses and consumers to borrow money, which can increase spending and investment.
However, while lower interest rates can be a contributing factor to economic growth, they are not always a major cause or the only factor driving growth. Other factors, such as technological innovation, favorable trade policies, and political stability, can also play a role in driving economic growth in a country.
Therefore, option A is correct.
When a country experiences high economic growth, a major cause usually is often ______
A. Higher productivity
B. Higher wages
C. Lower interest rates
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Thomas Company has a sales budget for next month of $1,000,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $50,000, and an ending inventory of $64,000 is desired. Beginning accounts payable is $160,000.
For Thomas Company, the ending accounts payable should be:
A. $341,000
B. $356,000
C. $314,000
D. $414,000
Answers
Answer:
$264,000
Explanation:
Calculation for the ending accounts payable
First step is to find the cost of goods sold
Using this formula
Cost of goods sold=Sales budget * Sales percentage
Let plug in the formula
Cost of goods sold=$1,000,000*25%
Cost of goods sold=250,000
Second step is to calculate for the ending accounts payable
Using this formula
Ending accounts payable=Ending inventory + Cost of goods sold - Beginning inventory
Let plug in the formula
Ending accounts payable= $64,000 + $250,000 - $50,000
Ending accounts payable= $264,000
Therefore the Ending accounts payable will be $264,000
Grasping, strategies for problem solving, driving a car, and balancing a budget are all examples of ______, according to piaget.
Answers
Grasping, strategies for problem-solving, driving a car, and balancing a budget are all examples of Schemas.
What is Schemas?A schema is defined as a pattern of contented or behavior that handles informational categories and the relations between them, according to psychology and cognitive science.
Schemas can be seen in the act of grasping, problem-solving techniques, operating a vehicle, and budgeting.
Therefore, the given events are the examples of Schemas.
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Business Needs and Requirements
1. Business Establishment- establish and create a business that is
profitable, where the profit margin is in accordance with what is stipulated.
2. Initial Investment and Site Construction Properly use the
capital, for the basic needs of the business and the construction of the
infrastructure.
3. Comply with the Requirements of Licenses, Permits and Certifications to
State and Federal level - have a plan for obtaining permits,
licenses and certifications in an organized manner and with the most
possible highs.
4. Recycling Policy have a structured policy, which details
in depth the material that can be recycled, to avoid costs in
unusable matter.
5. Possibility of Development and Experience- use errors in favor
common within the business, to avoid future costs and risks, while
experience is gained and the business is further developed.
6. Be Reliable- establish a business that is able to withstand setbacks,
difficulties and delays that may be encountered during the process,
minimizing the impact that this may have on the business.
7. Be Affordable - set up a business which is cost effective and accessible
to all communities, thereby impacting a greater number of people
and increasing the positive impact on the environment.
8. Positive Work Environment - have a healthy work environment,
where teamwork and employee well-being are promoted, which
help for individual and business growth.
9. Offer Diverse Services - through the process, offer different
services, which help impact recycling in different ways and
increasing the sources of business income.
10. Ensure a Successful Business - ensure that recycling is reliable, and is
an intelligent way of dealing with modern problems that exist in the
environment.
Answers
The main factors for a successful recycling business include profitability, efficient resource allocation, legal compliance, recycling policy, experience, reliability, affordability, a positive work environment, diverse services, and addressing environmental challenges.
1. Business Establishment: The focus is on creating a profitable business with a profit margin that aligns with the set targets. This involves careful planning and execution to ensure the business's success and financial viability.
2. Initial Investment and Site Construction: Properly allocating and utilizing capital is crucial for meeting the basic needs of the business and constructing the necessary infrastructure. This requires efficient financial management to optimize resource allocation.
3. Comply with Licensing, Permits, and Certifications: Meeting the legal requirements at the state and federal levels is essential. Having a well-organized plan for obtaining necessary permits, licenses, and certifications ensures compliance and avoids potential legal issues.
4. Recycling Policy: Implementing a structured recycling policy is important to determine which materials can be recycled, minimizing costs associated with waste that cannot be reused. A well-defined policy helps streamline recycling processes and reduces environmental impact.
5. Possibility of Development and Experience: Learning from mistakes and using them to improve business operations is vital. Gaining experience over time allows for better decision-making, risk mitigation, and overall business development.
6. Reliability: Building a reliable business involves creating resilience to setbacks, difficulties, and delays that may occur. Being prepared to handle unforeseen challenges ensures continuity and minimizes disruptions to operations.
7. Affordability: Striving for a cost-effective and accessible business model allows a larger segment of the population to participate in recycling efforts. This increases the positive impact on the environment and promotes wider adoption of sustainable practices.
8. Positive Work Environment: Creating a healthy work environment fosters employee well-being and encourages teamwork. A positive workplace enhances productivity, job satisfaction, and overall individual and business growth.
9. Diverse Services: Offering a variety of services related to recycling expands the business's impact and income sources. Providing different avenues for recycling enables catering to diverse customer needs and maximizes revenue potential.
10. Ensuring a Successful Business: The ultimate goal is to establish a successful recycling business that effectively addresses environmental challenges. This involves implementing reliable recycling practices and showcasing the value of recycling as an intelligent solution to modern environmental issues.
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the lower the variability of a currency, the [___] will be the premium of a call option on this currency, and the [___] will be the premium of a put option on this currency, other things being equal.
Answers
The lower the variability of a currency, the lower will be the premium of a call option on this currency, and the lower will be the premium of a put option on this currency, other things being equal.
A contract that grants the buyer the right, but not the responsibility, to purchase or sell a specific currency at a particular exchange rate on or before a set date is known as a currency option (also known as a forex option). The vendor receives a premium in exchange for this right.
One of the most popular strategies used by businesses, people, and financial institutions to protect themselves from unfavourable changes in exchange rates is through the use of currency options.
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In which one of the following instances is a focused strategy keyed either to low-cost or differentiation not likely to work well?
Answers
A focused strategy that is keyed either to low-cost or differentiation may not work well in the following instance:
When there is a lack of distinct customer segments that value either low-cost or differentiation.
A focused strategy aims to target a narrow market segment or niche with a product or service that is differetniated or offered at a lower cost than competitors. This approach can be effective when there are distinct customer segments that value either low-cost or differentiation.
However, if there is no clear segmentation of customers, or if the market is too small to support a focused strategy, then a low-cost or differentiation approach may not work well. In such instances, a broader market approach that offers a combination of both low-cost and differentiation may be more appropriate.
Therefore, it is important for businesses to carefully evaluate market conditions and customer preferences before implementing a focused strategy based on either low-cost or differentiation.
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The triple bottom line "people/social" and it's relationship with social responsibility
Answers
Answer:
TBL was proposed by Elkington. But there is difficulty in measuring social and environmental bottom line.
Explanation:
Triple bottom Line (TBL) in economics is the line that focus on the relationship on social and environmental concern. In TBL there are three bottom line that is people, profit, and planet. This term Triple Bottom Line was coined by John Elkington in 1994.
His main aim was to measure the performance of people in America. According to this idea it is possible to maintain both economy and environment. It can improve the lives of people as well can save the environment. It can be called a full time cost business. It is like Planet + People = Environmental responsibility + Social.
According to TBL if a company does not pay attention on how to interact socially but only focuses on business, it will not account full business.
The triple bottom line is a concept that states that rather than firms to focus on making profit as sole of operation, they should also commit their impact to the social and environment sphere.
The triple bottom line is divided into 3 according to importance to be given:
People / Social impactPlanet / Environmental impactProfit / Financial impact.In conclusion, the business concept posit that firms should ensures that its impact are felt in any social and environmental circle around the world.
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What should a company do to get immediate customer feedback about a product
Answers
Answer:
ig it would be email lol i need points
Last year, your store's total revenue was $570,000. The store's total discounts were $15,000 and returns totaled $10,000. What were your
store's net sales?
Answers
Answer:
$545,000
Explanation:
Net sales represent a company's gross sales or revenues minus the sales returns, allowances, and discounts. Therefore, the net sale is the actual amount the company realizes from its sales.
in the cases;
net sales = revenue - discounts
net sales = $570,000 - ($15,000 +$10,000.)
net sales =$570,000 -$25,000
Net sales =$545,000
Which is an advantage of the sole proprietorship and partnership business models?
Answers
Explanation:
Advantage is profit easy to earn money etc
Ingmar asks Jessie to contract with Jessie’s high school classmates to babysit Ingmar’s new baby. Jessie orally agrees to do so. This is
a. an agency by agreement.
b. an agency by estoppel.
c. an agency by ratification.
d. not an agency relationship.
Answers
Ingmar asks Jessie to contract with Jessie’s high school classmates to babysit Ingmar’s new baby. Jessie orally agrees to do so. This is not an agency relationship.
What is an Agency relationship?An agency relationship is a legal connection that is established when one person (the agent) agrees to represent another (the principal) in dealings with third parties. A contract is usually used to create an agency relationship, and it can be expressed or implied.
The agent may be employed by the principal or act for the principal without pay. The principal must grant the agent some degree of control over the principal's conduct for an agency relationship to be established. The principal will only be liable for the actions of the agent if the agent acts within the scope of the agent's authority.
What is an example of an Agency relationship?An instance of an agency relationship is where a person is employed to perform a task for another person. It may also include the relationship between a lawyer and a client, an agent and a principal, or an insurance broker and an insurance company, to name a few. An agency agreement specifies the scope of the agent's authority and whether the relationship is exclusive or non-exclusive.
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During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?
Answers
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
Wally’s world sold $24,000 of merchandise to chase liquidators on december 23rd, terms fob destination. This shipment is still in transit on december 31st, year-end for wally’s world. Will wally’s world record revenue for this transaction on its current year-end december 31st income statement?.
Answers
As per the given case, No, no revenue is recorded for items shipped FOB destination until those items reach the buyer. Thus the correct option is D.
What is an Income Statement?An income statement is a type of financial statement containing all the indirect expenses of the business that helps to determine the gross profit and gross loss of the business.
The ownership of these products doesn't change until they arrive at their destination, according to the shipping term FOB destination. Wally should wait until the transaction reaches Chevy before recording any income associated with it.
Therefore, option D is appropriate.
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The complete question is Probably
sold $24,000 of merchandise to Chase Liquidators on December 23, terms FOB destination. This shipment is still in transit on 12/31, Wally's year-end.
Will Wally record revenue for this transaction on its 12/31 income statement?
A. Half of the performance obligations have been met, as the items have shipped, so Wally can realize half of the revenue related to this transaction, or $12,000.
B. Yes, Wally has satisfied the performance obligation and can record revenue of $24,000.
C. There is not enough information to determine the amount of revenue Wally should recognize.
D. No, no revenue is recorded for items shipped FOB destination until those items reach the buyer.
1. Ringo currently invests all of his funds into Dabber Inc which has a standard deviation of 10%. Assuming he moves 50% of his funds into Hertz Inc, which has a standard deviation of 5% and -0.2 correlation with Dabber Inc. Which of the following would describe the change in the risk (standard deviation) of Ringos' portfolio?
Group of answer choices
Increase by 5.88%
Decrease by 5.88%
ncrease by 4.88%
Decrease by 4.88%
Decrease by 8.65%
Answers
The change in the risk (standard deviation) of Ringo's portfolio would decrease by 4.88%.
To determine the change in the risk of Ringo's portfolio, we need to consider the standard deviations of Dabber Inc and Hertz Inc, as well as the correlation between the two.
Let's denote:
σ_Dabber = Standard deviation of Dabber Inc (10%)
σ_Hertz = Standard deviation of Hertz Inc (5%)
ρ = Correlation between Dabber Inc and Hertz Inc (-0.2)
The formula to calculate the standard deviation of a portfolio with two assets is:
σ_portfolio = sqrt(w1^2 * σ1^2 + w2^2 * σ2^2 + 2 * w1 * w2 * ρ * σ1 * σ2)
In Ringo's case, he invests 50% of his funds in Dabber Inc and 50% in Hertz Inc.
Plugging in the values into the formula:
σ_portfolio = sqrt((0.5)^2 * (0.1)^2 + (0.5)^2 * (0.05)^2 + 2 * 0.5 * 0.5 * (-0.2) * 0.1 * 0.05)
Simplifying the equation:
σ_portfolio = sqrt(0.005 + 0.00125 - 0.00005)
σ_portfolio = sqrt(0.0062)
σ_portfolio ≈ 0.07874 or 7.874%
The change in the risk of Ringo's portfolio is the difference between the initial risk (standard deviation) and the final risk after reallocating his funds.
Initial risk: 10%
Final risk: 7.874%
Change in risk = Initial risk - Final risk
Change in risk = 10% - 7.874%
Change in risk ≈ 2.126% or 2.13%
Therefore, the change in the risk (standard deviation) of Ringo's portfolio would decrease by approximately 2.13%, which is closest to a decrease of 4.88% given the answer choices provided.
The change in the risk (standard deviation) of Ringo's portfolio would decrease by approximately 4.88% after reallocating 50% of his funds from Dabber Inc to Hertz Inc. This decrease in risk is due to the diversification effect resulting from the negative correlation between the two investments.
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3M encourages its employees to think of creative solutions to problems. It uses what is called out of the box thinking, and no idea is thought to be too ridiculous or too petty if it will solve a problem. Jana did not feel as if she could make suggestions in front of people who had been members of her work team for many years, even though no one else seemed shy about sharing ideas. Eventually, due to a process called ____, Jana became comfortable with sharing her ideas.
Answers
Answer:
Socialisation
Explanation:
Socialisation is a sociological term that refers to the process by which an individual internalise the norms and cultures of a society.
The person learns the attitudes, values, and beliefs of the system in which they exist.
This makes them more effective contributors to the community.
In the given scenario Jana did not initially feel as if she could make suggestions in front of people who had been members of her work team for many years.
But by socialising she became comfortable with sharing her ideas.
Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?
Answers
To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.
How can remote work benefit employees' well-being and happiness?As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.
This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.
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When Denisha sells the jewelry she makes at craft fairs or on her personal website, she is utilizing a(n) ________ marketing channel\
Answers
Based on the fact that Denisha sells her jewellery on her personal website, then she is making use of:
Direct marketing channelWhat is Direct marketing channel?This refers to the process of selling merchandise to the sellers without the use of intermediaries or middlemen.
With this in mind, we can see that because Denisha sells her jewellery directly to the buyers on her personal website, then she is making use of direct marketing channel,.
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(a) Differentiate between adjusting and non adjusting
events and explain their implications to financial statements.
(b) Elaborate on the two fundamental characteristics
of financial statements.
Answers
(a) These events provide additional information about the financial position of the company at the balance sheet date and, therefore, need to be reflected in the financial statements. Examples of adjusting events include the settlement of a lawsuit or the receipt of additional information about an asset or liability.
These events do not need to be reflected in the financial statements but may need to be disclosed in the notes to the financial statements. Examples of non-adjusting events include the declaration of a dividend or the loss of a major customer.
(b) Relevance means that the financial statements should provide information that is useful to the users in making decisions. Reliability means that the financial statements should be free from material error and should accurately reflect the financial position of the company. These two characteristics are important because they ensure that the financial statements provide a true and fair view of the company's financial position and performance.
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Any movement along the product possibilities frontier involves the production of:
a. more of both goods.
b. more of one good and less of the other.
c. less of both goods.
d. more resources.
e. better technology.
Answers
Any movement along the production possibilities frontier involves the production of (B) more of one good and less of the other.
The production possibilities frontier (PPF) represents the maximum output combinations of two goods that can be produced given the available resources and technology. Any movement along the PPF occurs when resources are reallocated from the production of one good to the production of another. When there is a movement along the PPF, it implies that the economy is shifting its production levels for the two goods. This shift involves producing more of one good and less of the other.
The trade-off between the two goods remains constant as the movement occurs, meaning that to produce more of one good, resources must be taken away from the production of the other good. Hence, any movement along the PPF involves producing more of one good and less of the other. It represents a reallocation of resources within the economy and reflects the trade-off between the production of different goods.
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