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NARA [144]
3 years ago
9

One of the advantages of information systems for businesses is to take raw data and turn it into information, and then transform

that information into knowledge. Understanding why the poverty line increased in the city of Tampa is an example of:________.
Business
1 answer:
Paul [167]3 years ago
5 0

Answer:

<h2>The correct answer,in this instance would be <u>Knowledge</u>.</h2>

Explanation:

  • Gathering or obtaining knowledge about a particular phenomenon or spectacle is basically the last or subsequent stage of the research process pertaining to any field of study or discipline.
  • A researcher typically collects necessary and relevant data, identify important information or facts from the raw data collected and subsequently use the information or facts to arrive at logical or reasonable conclusion/s about any specific area or topic of investigation.
  • This logical or reasonable conclusion regarding any area of study or research is commonly termed as knowledge or new intellectual discovery which is backed up the information or facts extracted from the initial raw data.
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The relationship between the amount funded (cash sent to trustee) and the amount reported for pension expense is as follows: Sel
Nostrana [21]

pension expense may be greater than, equal to, or less than the amount funded.

Answer: Option B.

<u>Explanation:</u>

Pension expense is the expense that a trustee has to bear to give pensions and other offerings to the people who have retired from the services which they were offering.

The amount that the trustee will get in the form of amount funded does not necessarily be the same amount as the expenses of the cash given in the form of pension. It can be greater than equal to or even lesser than the expenses made.

5 0
3 years ago
Assume the minimum wage is increased above the previous equilibrium wage. Which of the following statements is/are correct? The
Neporo4naja [7]

Answer:

Statements IV and V are correct.

  • The quantity of labor supplied will increase.
  • The unemployment rate will increase.

Explanation:

If the minimum wage increases then more people should be willing to work (increase in the labor supply). The problem is that if the increase is above the equilibrium level, then the quantity demanded for labor will decrease, which will in turn increase the unemployment level. Less companies will be willing to hire new employees or keep current employees.

8 0
3 years ago
What are some risks and how do you plan to reduce or eliminate them when having a business​
lara [203]

Explanation:

1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.

6 0
4 years ago
The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit
Naya [18.7K]

Answer:

Labor efficiency variance = $5,760 (Favorable)

Explanation:

We know,

Labor efficiency variance = (Standard hour - Accrual hour) × Standard rate

Given,

Accrual hour = 2,400

Standard hour = Budgeted direct manufacturing labor hours × Actual units produced

or, Standard hour = 0.22 × 12,000

Standard hour = 2,640 hours.

Standard rate = $24.

Putting the values into the formula, we can get

Labor efficiency variance = (2,640 - 2,400) hours × $24

Labor efficiency variance = 240 × $24

Labor efficiency variance = $5,760 (Favorable)

As standard hours is higher then actual hours, it is a favorable situation.

7 0
3 years ago
Humbert believes that he is in control of his own destiny. If he works hard and keeps on working hard, he will be able to overco
kolezko [41]
<h2>Humbert <u>High internal </u>locus of control</h2>

Explanation:

Let us understand the term internal locus of control.

Internal locus is having a high belief on oneself. The term can be explained in deeper saying, a person belief himself that he is sole responsible for the result which is derived from his own action.

For eg:

Every person would be expecting his school results. So depending on the result like pass or fail, a person with high internal locus believe that, he has done well so he got pass, or he has not prepared properly so he failed.

6 0
4 years ago
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