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Alex777 [14]
3 years ago
7

Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used ca

rs. This is an example of: A. the moral hazard problem. B. a spillover cost. C. a positive externality. D. asymmetric information.
Business
1 answer:
lakkis [162]3 years ago
4 0

Answer:

D. asymmetric information.

Explanation:

Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used cars. This is an example of an asymmetric information.

An asymmetric information can be defined as a situation wherein there's an imperfect flow of information or knowledge between the buyer and the seller of a product; sellers having more knowledge than the buyer of a product.

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PLEASE! I need help :): will mark brainliest! Describe Sinek's Golden Circle. What does he use this for? Sinek argues that "peop
algol [13]

Explanation:

Sinek's Golden Circle can be described as a methodology used to analyze marketing campaigns of the company itself and its competitors. It is widely used by advertisers and marketers. The methodology consists of drawing a graph in a target format that indicates from the center the questions: why, how and what.

Senek uses this graph to present a different way of communicating, what he means by that is that people are encouraged to buy not only the company's product, but its values, its causes, what you believe and why that your company exists.

I agree with him because the organizational image and its values ​​are important to the consumer as much as the product or service, because people want to consume value, positive experiences and emotions, therefore they will want to establish a relationship with companies that share the same your personal values.

In the organizational environment it is also important to hire professionals who share the same values ​​as the company, so that work becomes more motivating and productive, in addition to creating an aligned organizational culture that will help the company to be successful both internally and externally.

The Tivo company is an example of a company that tried to use the golden circle strategy but failed because it proposed a value proposal that made sense, because what it promised did not match the value it could offer, so it was a failed strategy.

Therefore, organizational values ​​must be shared by all employees in an organization, starting with the leader, different from those who lead, a true leader is one willing to set an example of how organizational values ​​should be fulfilled, it is necessary that he is willing to help employees, to be ethical and a motivational mirror for everyone in the company, not just a controlling and authoritarian manager who imposes fear and makes it difficult to create a productive and motivating organizational culture.

Security needs are also an important factor in organizations and represent the second level of the Maslow pyramid, in terms of the need that employees have to protect their values, their work, their emotional, job stability, insurance health insurance, life insurance, etc.

To make the work environment safe it is necessary to have employee protection policies, health benefits and life insurance, ease of doing work, physical security, etc.

Maintaining job security helps with motivation, innovation, employee loyalty and reduced turnover, which helps employees feel valued by the company and motivated to be more productive and loyal to their work.

3 0
3 years ago
Kendra owns a sporting goods store. She is in court because of a breach of contract lawsuit against her supplier. One of the ter
Olenka [21]

<u>Answer:</u>

<em>Yes, but only to clarify the ambiguous contract terms </em>

<em></em>

<u>Explanation:</u>

Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.

A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.

6 0
3 years ago
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. Advertising and Promotion Expenses 262,700 Incom
iren2701 [21]

Answer:

A. Net Income = $304,560

B. Ending Retained Earnings = $420,740

Explanation:

Req. (A)

Green Thumb, Inc.

Income Statement

For the year ended, 31 December, 20Y3

Revenues:

Sales Revenues $1,866,300

Expenses:

Salaries and wages expenses $725,000

Advertising and Promotion Expenses 262,700

Income Tax Expense 56,520

Interest Expense 43,920

Other Expenses 122,600

Other Selling & Administrative Expenses 351,000

Total Expenses = ($1,561,740)

Net Income = $304,560

Note: We can use a multiple step income statement. However, as there is no instruction, we use single step income statement.

Req. (B)

Green Thumb, Inc.

Statement of Retained Earnings

For the year ended, 31 December, 20Y3

Balances, January 1 $162,200

Add:

Net income for the current year $304,560

Less: Dividends ($46,020)

Balances, December 31 $420,740

Note: Here, Balances, January 1 = Beginning Retained earnings Balance

Balances, 31 December = Ending retained earnings.

3 0
3 years ago
Ifre chapter 1, conceptual multiple
geniusboy [140]

Answer:

Explanation:

When the future revenue producing ability of the inventory is above its original cost the

companies should reports their inventory value with LCNV method.

5 0
3 years ago
An integrity-based approach _____. a. helps very little concerning where questionable practices are occurring and where possible
Roman55 [17]

Answer:

The correct answer is letter "C": usually have chief officers, human resource managers, and board member committees involved with the ethics and compliance program.

Explanation:

The integrity-based approach is the practice in which top executives of a company including members of the <em>Board of Directors</em> (BoD) hold the responsibility of the firm's ethical culture and spread it to their employees. This is done to promote good practices among workers and to spot where might be possible ethical issues appearing in the company.

8 0
3 years ago
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