The textbook recommends developing at least three contingencies for any given situation.
What is contingency?
A contingency plan, as well known as Plan B informally, is a strategy developed to deal with a situation that is not anticipated in the regular (expected) plan. It is frequently used in risk management for just a rare risk that, while unlikely, could have disastrous results. Creating a contingency plan is frequently done by governments or businesses. The process of putting a contingency plan into action involves five steps: assembling a planning team, determining the extent of the issue, developing a plan, testing the plan, and maintaining the plan's accuracy. For instance, if a company's employees are all travelling on the same plane and it crashes, killing everyone on board, the company may be severely strained and even destroyed.
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Which checking account would be best for Karen? Account A Account B Account C Account D
PLEASE HELP!! 15 POINTS!!
The type of checking account which would be best for Karen is the Account C because of limited fees.
What is a checking account?A checking account is a deposit account that allows withdrawals and deposits at a financial institution. Checking accounts, also known as demand accounts or transactional accounts, are very liquid and can be accessed via checks, automated teller machines (ATMs), and electronic debits, among other methods.
A checking account differs from other types of bank accounts in that it frequently allows for multiple withdrawals and unlimited deposits, whereas savings accounts may limit both.
Anyone who needs to make frequent withdrawals or transactions from their bank account should open a checking account. Setting up a checking account is usually very simple: you can apply online or in person at a bank branch and have a checking account within an hour.
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Answer:
account C
Explanation:
what are the advantages of the realization principle for defining gross income? (check all that apply.)
The realization principle is a standard accounting principle used to calculate revenue or gross income for tax purposes.
What are its advantages?Its advantages in defining gross income are as follows:
Increases transparency - The realization principle promotes transparency in accounting and ensures that revenue is only recognized when it is earned and collected. It increases clarity in financial reporting and provides accurate information to investors and other stakeholders.
Prevents tax evasion - It helps to prevent tax evasion by ensuring that income is recognized in the year it is earned and not in the year it is received.
The IRS applies this principle to determine the appropriate tax year of certain items of gross income, gains, and losses.
It avoids tax overpayment - The realization principle avoids tax overpayment by ensuring that revenue is recognized when it is earned, not when it is collected.
It ensures that revenue is accurately matched to the expenses incurred to generate that revenue.
It helps to calculate net income - The realization principle helps in the calculation of net income by providing a clear and accurate picture of the revenue and expenses associated with a particular period of time.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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80% of people starting a business use their own personal savings. What is the advantage to this strategy versus using bank loans and credit cards? A. You control how the money is spent B. You will not pay interest on the capital. C. You do not have any risk of losing your money.
An advantage of using personal savings instead of bank loans and credit cards is you will not pay interest on the capital. (option B)
What is personal savings?Personal savings is the wealth that a person has accumulated over a period of time. When a person uses his personal savings to start a business, the person would not have to pay interest on the money used in the business because the funds used belongs to the person.
Banks loans and credit cards are subject to interest payment over the duration of the loan. Interest would increase the cost of starting the business. Funds that are gotten either from bank loans or personal savings can be lost if the business is not successful. Also, three is an opportunity cost associated in using the funds for starting a business. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
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When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits will be greater than private benefits. c. only government regulation will solve the problem. d. the market will not be able to generate an equilibrium.
Answer:
b. social benefits will be greater than private benefits
Explanation:
Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.
This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.
An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.
So it is correct to say that the social benefits will be greater than the private ones. Letter b.
Suppose the government imposes a price ceiling of $40 on this market. What will be the size of the shortage in this market?.
400 units; less than the quantity supplied Demanding more than the price cap results in a shortage.
What is price ceiling?A price ceiling is a cap on the highest price that can be charged for a good, commodity, or service that is established by the government or another party.
Governments implement price caps allegedly to safeguard consumers from situations when commodities might become unaffordable. Such circumstances may arise during times of high inflation, during an investment bubble, or when a company owns a monopoly on a particular good.
If these conditions persist for an extended length of time without managed rationing, shortages may result. [1]
Unrealistic price limitations can lead to other issues, such as business failures, stock market crashes, or even economic catastrophes. Price ceilings do not exist in market economies that are not regulated.
Hence, 400 units; less than the quantity supplied Demanding more than the price cap results in a shortage.
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Explain the following types of interview questions: behavioural, situational, job-related.
Write one sample question for each: behavioural, situational, job-related for HR Officer position. Write the anticipated response for each question.
Explain five types of errors that may undermine the usefulness of an interview. Provide a solution for each error stated.
Sure! Here's an explanation of the three types of interview questions (behavioral, situational, and job-related) and sample questions for an HR Officer position, along with anticipated responses.
1. Behavioral Questions:
Behavioral questions aim to understand how candidates have behaved in past situations, as it can be an indicator of their future performance. These questions focus on specific experiences and actions, allowing the interviewer to assess the candidate's skills, abilities, and approach to different scenarios.
Sample Question for HR Officer:
"Tell me about a time when you had to handle a conflict between two employees. How did you address the situation, and what was the outcome?"
Anticipated Response:
An anticipated response could include the candidate describing a conflict resolution scenario where they effectively mediated between two employees. They should highlight their ability to actively listen, understand the underlying issues, facilitate open communication, and guide the parties towards a resolution. The response should demonstrate their diplomacy, problem-solving skills, and the ability to foster positive employee relationships.
2. Situational Questions:
Situational questions present hypothetical scenarios to candidates, testing their problem-solving abilities and decision-making skills. These questions assess how candidates analyze and respond to various work-related situations, even if they haven't encountered them before.
Sample Question for HR Officer:
"You receive a complaint from an employee about harassment by a supervisor. How would you handle this situation?"
Anticipated Response:
The anticipated response should outline the steps the candidate would take to address the complaint. This may include ensuring the employee's safety and confidentiality, conducting an impartial investigation, collecting evidence, and taking appropriate disciplinary action if necessary. The response should demonstrate the candidate's knowledge of HR policies, compliance with legal requirements, and commitment to maintaining a respectful work environment.
3. Job-Related Questions:
Job-related questions focus on assessing the candidate's qualifications, skills, and knowledge directly related to the HR Officer position. These questions evaluate the candidate's understanding of the role and their ability to perform the required tasks.
Sample Question for HR Officer:
"Describe your experience in developing and implementing employee training programs."
Anticipated Response:
The anticipated response should include the candidate discussing their experience in designing and delivering effective employee training programs. They should highlight their understanding of needs analysis, instructional design principles, training evaluation methods, and their ability to align training initiatives with organizational goals. The response should demonstrate their expertise in learning and development, communication skills, and their ability to enhance employee performance.
Now, let's move on to the five types of errors that may undermine the usefulness of an interview and their corresponding solutions:
1. Halo Effect:
The Halo Effect occurs when an interviewer's overall positive or negative impression of a candidate influences their evaluation of specific traits or abilities. To mitigate this error, interviewers should use structured interviews with predetermined criteria, rating scales, and evaluate each candidate's responses separately.
2. Confirmation Bias:
Confirmation Bias occurs when interviewers seek information that confirms their preconceived notions about a candidate and ignore contradictory evidence. To address this error, interviewers should maintain objectivity, review all relevant information carefully, and actively challenge their assumptions and biases.
3. Stereotyping:
Stereotyping happens when interviewers make assumptions or generalize based on a candidate's characteristics like gender, race, or age. To combat this error, interviewers should focus solely on the candidate's qualifications, skills, and job-related competencies. Structured interviews and blind resume screening can help reduce bias based on demographic factors.
4. Similar-to-Me Bias:
Similar-to-Me Bias occurs when interviewers prefer candidates who are similar to them in terms of background, interests, or experiences. To overcome this error, organizations can have diverse interview panels, encourage structured interviews, and train interviewers on the importance of assessing candidates based on merit and job-related criteria.
How do you songwriters earn money from their songs
Answer:
Good question I think its because people buy there albums and
Explanation:
Answer:
they receive royalties
Explanation:
A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs [Example 75000].)
This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
The Straight-Line method of depreciation allocates the cost of an asset evenly over its useful life. To calculate the depreciation expense for the machine over its 5-year life, we need to first determine the depreciable cost of the asset. The depreciable cost of the asset is the original cost minus the residual value. In this case, the depreciable cost would be $500,000 - $50,000 = $450,000.
Next, we divide the depreciable cost by the number of years of useful life to calculate the annual depreciation expense. So, the annual depreciation expense for this machine would be $450,000 / 5 years = $90,000. Therefore, the depreciation expense using the Straight-Line method for the 5-year life would be $90,000 per year. This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
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We have discussed with detail about anatomy of a software house that is delivering the services of related all types of software products in European market. Keep the example of anatomy company front of you and develop a Software company like it and make your company’s Profile, Structure, Budget, Financial Statement and next five years Plan?
Drag each tile to the correct location. Match each scenario to the appropriate form of business communication. Arty wants to talk with a coworker about providing support for another coworker. Samir wants to share an editing checklist he created with his team. Elena wants to quickly ask her team leader a question about a task she's working on. Rosanna needs to talk to an employee about his poor performance.
Answer:
digital messaging:
Samir wants to share an editing checklist he created with his team.Elena wants to quickly ask her team leader a question about a task she’s working on.face-to-face or phone calls
Rosanna needs to talk to an employee about his poor performance.Arty wants to talk with a coworker about providing support for another coworkerExplain two reasons why a government may run hospitals.
Explanation:
1) If a government decides to run a hospital, the
prices are likely to be less or free of cost.
2) the payments are made by the taxpayers.
3)A government will want to run a hospital because the economy might have many poor people and will want to reduce the death rate.
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Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Which three areas of his Search campaign does Yuto need to adjust to achieve this goal? (Choose three.)
Answer:
Location targeting
Ad scheduling
Language targeting
Explanation:
Yuto try three new and improve methods, Location targeting , Ad scheduling ,Language targeting to reach English speaking tourists.
By using these techniques, Yuto focus on specific target and specific location for target his tourist .
The three areas of his Search campaign does Yuto need to adjust to achieve this goal are location targeting, language targeting, and Ad scheduling. The correct options are options B, C, and E.
Language targeting allows one to target the ads to people who use third-party sites based on the language they speak.
An ad schedule is a schedule that allows one to show ads or modify bids during specific times. One can create up to 6 ad schedules in an account per day, per campaign.
Location targeting allows one to choose where he/she wants to display an ad. By default the ads can be shown to people who are in, regularly visit, or have expressed interest in the desired locations.
Thus, the correct options are B, C, and E.
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The given questions do not have the options mentioned. The complete question is given below.
Yuto owns a souvenir shop in Tokyo. he wants to reach English-speaking tourists in his city during certain hours of the three areas of his search campaign does Yuto need to adjust to achieve this goal? (choose three.)select 3 correct responses shared
A) budgets ad
B) scheduling language
C) targeting network settings
D) location targeting
The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a _____ risk
The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a political risk
Political risk is the risk that an investment's returns will suffer as a result of a country's political changes or instability. Changes in legislative bodies, government, other foreign policymakers, or military control could all result in investment return volatility. Political risk, also recognized as "geopolitical risk," becomes a greater factor as the investment time horizon lengthens. They are categorized as a type of jurisdiction risk.
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Do you think every working American needs a 401(k) account or an IRA? Why or why not?
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Need ASAP
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
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In a standard cost system, overhead is applied to production on the basis of:
the standard hours allowed to complete the actual output of the period.
the actual hours required to complete the actual output of the period.
the denominator hours chosen for the period.
the actual cost of fixed overhead during the period.
In a standard cost system, overhead is applied to production based on the denominator hours chosen for the period.
The denominator hours represent the expected or standard hours required to produce a unit of output. These hours are predetermined and set as a benchmark for allocating overhead costs to the production process. The denominator hours consider factors such as historical data, industry standards, and efficiency targets.
By applying overhead based on the denominator hours, companies aim to allocate costs in a standardized and consistent manner. This approach allows for easier comparison between actual production costs and the predetermined standard costs.
Applying overhead based on the denominator hours helps in assessing the efficiency and performance of the production process by comparing the actual hours required to complete the output with the standard hours allowed. It provides a systematic way to measure and control costs in a standard cost system.
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Costs for office equipment in the first year of a business can run from approximately
A 500 to $1,500.
B3,000 to $12,000.
C6,000 to $18,000.
D10,000 to $25,000.
Answer:
c
Explanation:
if it's a green technology than the answer could be c
Which resource can you use to view business or suppliers divided into different categories?
You may use online or offline (blank) to view businesses or suppliers classified into different categories.
Answer:
yellow pages
Explanation:
Answer:
It's "Yellow Pages"
Explanation:
I got it right!!
in the breakthrough energy catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
There are investments being made that develop technology that turn biological inputs, such as municipal trash, into Sustainable Petroleum Products in the instance of the breakthrough energy catalytic video.
Energy catalyst: what is it?Energy Catalyst promotes the creation of technology and business plans to deliver clean, contemporary energy at competitive prices to Africa and Asia. It seeks to forge alliances, encourage learning, and provide funding for the trial and display of inventions.
What is a trigger for breakthrough energy catalyst?Breakthrough Energy Catalyst (BEC) is indeed a ground breaking funding initiative that unites businesses from across the private sector to support early commercial-scale innovations in order to hasten the adoption of vital climate technology.
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The complete question is-
In the breakthrough energy catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
a.Sustainable Aviation Fuel
b. Sustainable Aviation Fuel
c. Direct Air Capture
d. Long-duration Energy Storage
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About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answer: I think it’s marketing
Explanation:
Which of the following is a method of accessing the money in your checking account?
Paying for goods with a debit card at the register method of accessing the money in your checking account.
To access their money, they can use ATMs, checks, or electronic debit or credit cards linked to their accounts. Don't worry, you have a lot of simple options to choose from. Use an ATM. If your bank account is connected to a debit card or ATM (Automated Teller Machine) card, you can withdraw cash there. Write a check for cash, make a cash withdrawal slip, and connect your account to a peer-to-peer payment service. When a debit is made, money is taken out of your bank account. Due to the fact that a credit adds money to your account, it is the opposite of a debit. Your account is debited frequently.
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Write an essay titled "My Core Competencies." In it, address the abilities and skills that make you a competent individual, and different from anyone else. Submit your work below.
Answer:
Abilities and skill are the capabilities of an individual which makes a person different from others.
Explanation:
My Core Competencies
Competency may be defined as the ability of a person to do something efficiently or successfully. It is a set of skills or characteristics of a person that enables to do a task or a job.
I am an automobile engineer with a high skill sets and ability to work in high pressure environment. I am competent to work with multi functional teams and can handle projects on my own. I have a vast experience in the car manufacturing industries from conceptualization to designing to manufacturing process.
I have done a certification course on 'Advance materials' which will help me identify and used new materials in the products to make them more efficient as well as less costly.
I have also hands on experience on different CAD and CAE software and programming language such as C++, Java, Matlab and many more.
I also have command over other foreign languages such as German, Japanese and French.
All this skill sets and competencies of mine makes me a suitable candidates than others and I am capable of working more efficiently and deliver my best in my job.
Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q 0 . When price changes to P 1 , quantity demanded is Q 1 . Move the components of the midpoint formula for elasticity of demand to their correct positions.
Answer and Explanation:
The formula to compute the price elasticity of demand is as follows:
= Percentage change in quantity demanded ÷ percentage change in price
At Price P0, the Quantity demanded is Q0
And,
At Price P1, the Quantity Demanded is Q1
Just like this, it could be computed
\(\frac{Q_1 - Q_0}{(Q_1 + Q_0)/2}\) divided by \(\frac{P_1 - P_0}{(P_1 + P_0)/2}\)
Hillman corporation reported a decrease in accounts receivable of $391,216. This is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.
This is best described as a cash source on the operating activities segment of the cash flow statement.
More about operating segment:
The sum of funds a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities (CFO). It is shown as the first portion of the cash flow statement for a corporation.
Net income and any alterations, such as depreciation expense, changes in accounts receivable, inventory, accounts payable, etc., are included in the operating segment of the cash flow statement. While a rise in operating cash flows results from a decrease in accounts receivable.
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What are two types of goods/services that lend themselves well to nonprice competition.
The two types of goods/services that lend themselves well to price competition are those that are classified by a market model of perfect competition and imperfect competition.
It should be noted that in perfect competition, there is a homogeneous market. Also, no one can influence the price. There's also free entry and exit.
On the other hand, in imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition. Also, the producers can influence the price.
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Which of these must producers study in order to know what people want to buy and how much they are willing to pay?
O the size of the money supply
O the interest rates set by the Fed
O economic indicators
O consumers' purchases
The size of the money supply must producers study in order to know what people want to buy and how much they are willing to pay. Thus, option A is correct.
Who are the producers?A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other influential players of the creative team, and supervising every stage of pre-production, creation, and reply up to release.
In order to understand what customers desire to buy and the amount they are ready to pay, companies must research the quantity of the monetary base. Customers may be more prepared to spend more when they have an emergency need of our service or item may meet. This is not always the case. They might be more inclined to pay greater if there is a lack of something than if there is excess.
Therefore, option A is the correct option.
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at the end of 2021, koosharem corp. calculated and recorded $50,000 in depreciation on a building that it had purchased five years earlier. how will this depreciation affect koosharem’s 2021 financial statements?
The effect of depreciation on koosharem’s 2021 financial statements is that it would lead to a decrease in the net income and a decrease in assets.
Depreciation is a method that is used to decrease the carrying value of an asset due to wear and tear.
There are different methods that can be used to determine the depreciation of an asset. They include:
The double-declining method The straight line deprecation methodThe unit of production depreciation method Sum of the years deprecation method.Building is considered as an asset to the business. It is a type of fixed asset. The carrying value of the building on the balance sheet would be reduced by $50,000. Depreciation is an expense. This would lead to an expense of $50,000 which would reduce net income by the same amount.
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1. What competitive advantages do these motivated veteran accountants bring to their new employers? Cite several examples.2. List three specific outcomes received by organizational members who have moved to these smaller accounting firms from senior positions in larger organizations.
1. The motivated veteran accountants bring several competitive advantages to their new employers. Some of these advantages include Extensive experience,Strong work ethic, Leadership skills, Industry connection.
2. The organizational members who have moved to these smaller accounting firms from senior positions in larger organizations have received several specific outcomes, including Greater autonomy,Closer relationships with colleagues,diverse responsibilities.
1. Extensive experience: These accountants have worked in the field for many years and have accumulated a wealth of knowledge and expertise that they can apply to their new roles.
- Strong work ethic: As veterans, these accountants are likely to be highly motivated and dedicated to their work, which can translate into increased productivity and better results for their new employers.
- Leadership skills: Many of these accountants held senior positions in larger organizations, which means they have developed strong leadership skills that they can use to guide and mentor their new colleagues.
- Industry connections: These accountants have likely developed a wide network of contacts and connections within the accounting industry, which can be valuable to their new employers in terms of business development and networking opportunities.
2. The organizational members who have moved to these smaller accounting firms from senior positions in larger organizations have received several specific outcomes, including:
- Greater autonomy: In smaller firms, these individuals may have more freedom and flexibility to make decisions and implement their own ideas, which can be both professionally and personally rewarding.
- Closer relationships with colleagues: Smaller firms often have a more close-knit and collaborative work environment, which can lead to stronger relationships with colleagues and a greater sense of camaraderie.
- More diverse responsibilities: In smaller firms, these individuals may be required to take on a wider range of responsibilities, which can provide them with new challenges and opportunities for professional growth.
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can someone help me? got till the end of the day :/
Answer:
A
Explanation: