An organization gains a competitive advantage when it is able to do any one item, process, function, or other activity more effectively and or efficiently than other organizations operating within the same industry segment or, in certain situations, throughout the whole industry.
This is further explained below.
<h3>What is
a competitive advantage?</h3>
Generally, The advantageous position that a firm strives to achieve in order to be more lucrative than its competitors is what is known as a competitive advantage.
In the world of business, a competitive advantage is a quality that enables a company to achieve a higher level of success than its rivals.
In conclusion, When an organization is able to perform any one item, process, function, or other activity more effectively and or efficiently than other organizations operating within the same industry segment or, in certain circumstances, throughout the entire industry, that organization gains a competitive advantage.
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Complete Question
management information systems allow managers to build upon an organization’s existing strengths to create
elastic demands.
competitive advantages.
SWOT analyses.
barriers to entry.
Unemplyment benefits are an example of a transfer payment. So, the correct option of this question is b.
Transfer payment is payment made or income received in which goods and services are not paid is known as transfer of payment. It is one-way payment. Transfer Payment is also known as Government transfer as it is given by the Government without goods and services being received in return. Transfer of payment is based on the concept of donor and recipient. A donor gives up something of value without receiving anything in return.
Unemployment benefits are given by the Government without receiving any goods or services in return so it is considered a transfer payment. The government collects money through taxes then this money is reallocated to citizens equally through welfare services.
Unemployment benefits are also provided by the Government therefore it is an example of transfer payment.
While other options are incorrect because rent, wages and government purchases dont have relation with transfer payment.
Therefore, the correct option of the given question is b i.e. Unemployment benefits.
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Answer:
a. $1,000 will be recognized as service revenue using the cash basis.
b. $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.
Explanation:
Given that as of the end of the year, Peaceful Home has collected $ 1,000 from cash-paying customers while Peaceful Home 's remaining customers owe the business $ 1,400.
Revenue to be recognized using;
$1,000 will be recognized as service revenue using the cash basis.
On accrual basis, revenue is recognized when the service has been provided irrespective of whether cash has been collected or not.
A total of $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.
Answer:
It is job connection program organized by Career Source Tampa Bay for the youths of Hillsborough. It provides a platform for the unemployed youths of Hillsborough to connect themselves to the potential employers by learning new skills and experiences.
Explanation:
Career Source Tampa Bay is organizing a summer youth job connection program for the year 2021 for the youths of the Hillsborough County. It is summer job connection program for the youth who are aged between 16 to 24. It is organized by Career Source Tampa Bay.
It provides an opportunity for the youths and prepare them with skills and know how about the targeted jobs. It introduces them to real work filed and exposes them to new ideas and experiences and the potential career paths for the future jobs.
Answer: Description, Date, and Amount.
