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Svetlanka [38]
4 years ago
11

What confidential information must an advertising and promotions employee be careful not to

Business
1 answer:
Vilka [71]4 years ago
5 0

Answer:

Data related to the client, business methods and processes (tools used), new inventions and discoveries, client contract information (contract price, performance obligations)

Explanation:

In todays world where companies compete with each other on the basis of advertisement and promotions it is highly important that the confidential data related to the business must not be disclosed.

If the confidential information is disclosed by the employee, it could not only hurt the reputation of your business but would also effect the business of your client.

As an advertising agency, you have tons of data with you which include primary and secondary research data and confidential data related to the client. It is mandatory that such confidential data related to the client which the client has only given to us based on trust should not be disclosed by the employee.

The employee should not disclose the business methods/processes and the tools and mediums used by the company to promote the clients products as if they do so, they would lose the competing advantage and the competitors could use the same tools too.

If the company has invested in research and development and came up with new tools and applications to promote its clients products then those new inventions and discoveries should not be disclosed as doing so would ruin all the money invested and hence would lead to the invention or discovery being copied by the competitors.

Employees should not reveal the information related to previous or other clients contracts as this would then lead to a complication as the competitor could offer the same service in a much lower price and the company could lose the client.

There are many other factors which should not be disclosed but these are the main ones to help you understand the importance of confidential information.

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Your uncle has just purchased a wheat farm and wants your advice on how he should price his product. Explain to your uncle the c
Katena32 [7]

Answer:

the wheat firm is perfectly competitive

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

he is a price taker and the price of his wheat which would be equal to equilibrium price would be determined by market forces

if he sells at the market price, he would sell all his wheat

Explanation:

If the uncle sells above equilibrium price, he would not sell any wheat

he cannot sell below equilibrium price because he would make losses

4 0
3 years ago
Brief Exercise 1-1 (Algo) Accrual accounting [LO1-2] Cash flows during the first year of operations for the Harman-Kardon Consul
Morgarella [4.7K]

Answer:

Net Income for the year is $174,000

Explanation:

Net Income Calculation for the year is done below:

<u>Particulars</u>                                                            <u>$</u>

Revenues (290,000 + 50,000)                      340,000

Less: Rent (30,000 / 2)                                    (15,000)

Less: Salaries                                                   (110,000)

Less: Utilities (40,000 + 1,000)                        (41,000)

Net Income                                                        174,000

Please note the following with regard to the calculation done above:

  • Revenue includes both the cash collected from customers and cash owed by the customers, which received later on at the end of the year.
  • Rent has been divided by two, this is due to the fact that calculation of  net income is done for the current period so only one year rent is taken.
  • Utilities include cash paid for utilities and the amount company owed to gas & electric company.
5 0
3 years ago
Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on Ju
galina1969 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
4 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
What is the last step in creating a budget
PilotLPTM [1.2K]

Be realistic

Aim for sticking to your budget most of the time, and you’re bound to reach your financial goals. Breaking your budget occasionally is OK, providing you get right back on track as soon as possible.

8 0
3 years ago
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