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3 years ago

1)______elimination risks.

Business

1 answer:

kvasek [131]3 years ago

6 0

Answer:

1. E

2. C

3. A

4. F

5. B

Explanation:

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

1. Business plan eliminates risks. This is because it focuses on defining how a business would achieve its goals, objectives, mission and sets the overall direction for the business using specific strategies.

2. The positive factors of planning is called strengths. They give a business competitive advantage over competitors (rivals) in the same industry.

3. Planning is what to do it, how to do it, when to do it and what to expect in the future.

4. Planning must start with simple or micro projects because they generally require simple and less cumbersome management and technologies.

5. In business, time is gold. For this reason, an Entrepreneur must be efficient in time management i.e being able to control and manage time at all times.

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Why do basketball players switch teams? Why do they have to sign a paper when they do that?

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It varies from player to player, some do it for better pay and some do it because they don't like the team their with. They have to sign papers because there transferring their services to another franchise, and are agreeing to new terms of contracts. Things that are disclosed in the contracts are things such as payment and how many years they will be bonded by the contract.

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3 years ago

Which of the following strategies would increase a person's net pay per month but might result in a large amount of taxes owed l

natulia [17]

The answer would be a.

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3 years ago

A significant difference between monopolies and competitive firms is that A. a monopoly's demand curve is the industry's deman

iogann1982 [59]

Answer:

Explanation:

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.

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

Because there is only one firm in the monopoly industry, a monopoly's demand curve is the industry's demand curve

8 0

3 years ago

Sridhar is from India and has decided to give his informative speech on Indian marriage customs. Because he will be getting marr

ikadub [295]

Answer:

C. Ethnocentrism

Explanation:

Ethnocentrism is defined as the evaluation of other cultures according to preconceived ideas that originate in the standards and customs of one's own culture.

In this case Sridhar is sensitive to the idea that his classmates will evaluate what he says because of the preconceptions they have.

4 0

4 years ago

An employee receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 during the first week

Volgvan

Answer:

The net amount paid to the employee is US$ 553.14

Explanation:

Let's calculate the net amount paid to this employee:

1. Total hours worked = 48

Hourly wage for the first 40 hours = US$ 15

Hourly wage for hours over 40 hours = US$ 22.50 ( time and a half for all hours worked in excess of 40)

Total wage = 40* 15 + 8 * 22.50

Total wage = 600 + 180 = 780

This employee earned US$ 780 before taxes and discounts

2. Taxes and withheld are:

Federal income tax withheld= US$ 120

Social security tax rate= 6%

6% * 780 = 780 * 0.06 = US$ 46.80

Medicare tax rate= 1.5%

1.5% * 780 = 780 * 0.015 = US$ 11.70

State unemployment tax= 5.4% on the first $7,000

5.4% * 780 = 780 * 0.054 = US$ 42.12

Federal unemployment tax = 0.8% on the first $7,000

0.8% * 780 = 780 * 0.008 = US$ 6.24

Total taxes and withheld = 120 + 46.80+ 11.70+ 42.12 + 6.24

Total taxes and withheld = US$ 226.86

3. Net amount paid to this employee:

Net paid = Total earnings - taxes and withheld

Net paid = 780 - 226.86

Net paid = US$ 553.14

3 0

4 years ago