An entrepreneur is investigating starting a company that provides tax advice to small companies. In order to position his company differently from the existing competitors, the entrepreneur must: a. offer tax advice at a higher quality than the best competitor. b. analyze the reach, richness, and affiliation the company must have with its customers. c. offer tax advice at a price lower than the cheapest competitor. d. provide tax advice either in a different manner or provide a different kind of tax service than competitors.

Answers

Answer 1

Answer:

Answer: Option D

Explanation: The scope of providing better quality services in case of tax consultancy is quite difficult as the tax rates and rules are already set and there is little area for flexibility.

However, the manner of providing service could be changed maximizing the satisfaction of the customer or such areas of service could be covered which are not provided by the other firms.

Hence from the above we can conclude that the correct option is D.

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A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increased by $14,346 and $33,617, respectively. Prepaid Expenses and Accounts Payable decreased by $3,079 and $4,161, respectively. There was also a loss on the sale of equipment of $5,398. How much cash was provided by operating activities? Select the correct answer. a. $279,546 b. $219,705 c. $261,357 d. $230,501

Suppose Tammy grew up on a farm and is very good at plowing. In addition, suppose she is a popular country singer who earns $4,000 per performance. If her husband Bob can plow (but not as well as Tammy) but he can't carry a tune, then it would be most efficient if a. Tammy did both the plowing and the singing. b. Tammy specialized in singing and Bob in plowing. C. Tammy specialized in plowing and Bob in singing. d. Bob did both the plowing and singing. e. they both plowed and sang.

Answers

Answer:

B) Tammy specialized in singing and Bob in plowing.

Explanation:

Tammy has an absolute advantage at singing because she is simply absolutely better at singing than her husband. She also has a comparative advantage at plowing because she plows better than him, but he can still do some plowing. Therefore, Tammy should specialize in the task that she has an absolute advantage and generates a larger revenue, while her husband should specialize in plowing even though he is not very good at it. By specializing in plowing, Tammy's husband might end up doing it as good as her.

______ communication takes place when individuals from different levels and different departments communicate.

Answers

Answer:

Diagonal

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Employees working in an organization are said to engage in a diagonal communication when they communicate with other employees in other departments and on different levels such as level 8, 9, 10, 12, 14, as the case may be.

For example, a diagonal communication takes place when John that's on level 8 in the marketing department communicates with Claire who's on level 10 in the customer relationship management (CRM) department.

Embryological studies suggest that the most ancient chordates were related to the ancestors of: a. birds b. dinosaurs c. mollusks d. echinoderms

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Embryological studies suggest that the most ancient chordates were related to the ancestors of d) echinoderms.

Too much socializing in the workplace can

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Slow down the productivity of the workplace

Be a distraction, cause irresponsibility, lead to confusion, cause less productive work and employees.

Gloria, the controller of Luna Pizza, is purchasing several new delivery vehicles. Gloria has numerous work responsibilities, so she has limited time to shop for cars. Because of the time constraints, she cannot make an extensive search for the best alternative, so she looks for cars until she finds a model that is satisfactory. Gloria is following the ________ model.a. limited focus.b. limited scope.c. dilemma.d. rationale.e. satisficing

Answers

Answer:

Correct option is (e)

Explanation:

Satisficing model is a decision making model that aims at selecting a satisfactory outcome or product by going through available options rather than aiming for the best or optimal outcome. To obtain optimal outcome, one needs to put in efforts in terms of time and energy.

In this case, Gloria follows satisficing model as she cannot make extensive research due to time constraints. so she aims at buying a car that seems satisfactory to her.

Whose responsibility is it to design, implement, and consistently review a risk-management system?

Answers

The responsibility for designing, implementing, and consistently reviewing a risk management system typically falls on the organization or business itself, especially if it's a larger entity. In a business or organizational context, this responsibility often involves various stakeholders, including:

1. **Senior Management:** Senior executives and leaders within the organization play a crucial role in establishing the overall risk management framework, setting policies, and allocating resources for risk management efforts.

2. **Risk Management Team:** Many organizations have dedicated risk management teams or officers who specialize in identifying, assessing, and mitigating risks. These professionals often report to senior management.

3. **Employees:** Employees at all levels have a role in risk management. They must be aware of and adhere to risk management policies and procedures, report potential risks or issues, and participate in risk mitigation efforts.

4. **External Consultants:** In some cases, organizations may hire external consultants or experts to assess and improve their risk management practices.

5. **Regulatory Authorities:** Depending on the industry and location, regulatory authorities may require specific risk management practices and reporting. Compliance with these regulations is also a responsibility.

6. **Stakeholders:** Businesses have a responsibility to communicate their risk management practices to stakeholders, including investors, customers, and partners.

The specific responsibilities and structure of a risk management system can vary widely depending on the organization's size, industry, and risk profile. However, the key is to have a systematic approach to identify, assess, and mitigate risks that could impact the organization's operations, finances, reputation, and compliance with legal and regulatory requirements. This process should be ongoing and adapt to changing circumstances and new risks that may emerge.

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