Answer:
Marketing information system
Explanation:
A marketing information system (MKIS) is a management information system (MIS) designed to support marketing decision making.
Jobber (2007) defines it as a "system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a <u>regular basis</u>."
We can see from the scenario that''The market researchers at HoneyCamp Foods gather daily sales data'' which conforms with the <u>regular basis</u> stated in the definition above.
It is also stated in the scenario that '<u>'they develop the data needed by marketing managers''</u> which aligns with the content of the definition that <u>''data is formally gathered, stored, analysed and distributed to managers''</u>
Hence the mix of people and procedures at HoneyCamp Foods that generate actionable marketing insights represents a <u>marketing information system.</u>
Answer:
a.$4,704
Explanation:
Depreciation rate applicable for 2nd year as per MACRS 5 year class property = 32%
So, Irene cost recovery deduction = $21,000 * 32% * 70% = $4,704
Hence, the cost recovery deduction for Irene in 2020 is $4,704.
Answer:
Timothy; John
Explanation:
A country has a absolute advantage in producing a commodity if it produces that commodity with less inputs than the other country.
For Timothy, he can produce:
2 pairs of shoes per hour or 4 units of clothes per hour
For John, he produces:
1 pair of shoes per hour, or 5 units of clothes per hour.
Therefore, the Timothy has a absolute advantage in producing shoes because he can produce more number of shoes in an hour than John.
And, the John has a absolute advantage in producing clothes because he can produce more units of clothes in an hour than Timothy.
Answer:
Business model
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.
Answer:
The correct answer is letter "A": true.
Explanation:
Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.