Answers
Answer:
(D) Capital receipt
Explanation:
The life membership fee is a one-time lump sum amount paid by a new member. It gives a member access to the club facilities for the rest of their lives. Life membership is treated as a capital receipt and added to the capital fund. It appears on the liabilities side in the balance sheet.
Life membership is not treated as income for a particular year because the one-time payments permit a member lifetime access to the club services.
Related Questions
Required informationSkip to questionIntroductionRead the overview below and complete the activities that follow.
Remedies for Breach of Contract
In the case below, a municipality backs out of a contract to have a bridge built. The contractor has already begun production and incurred costs.
CONCEPT REVIEW:
The overall goal of damages in breach of contract suits is to put the parties where they should have been if the contract had been performed. But the solution simply ordering the parties to perform is rarely enough. Damages vary greatly based on the nature of the contract itself, as well as the extent to which performance is underway.
Remedies
Read the short case below, and select the best answer to each question that follows.
The Randolph Bridge Company (RBC) agrees to build a suspension bridge in the city of Detroit. Detroit plans to pay RBC $50 million. RBC's anticipated costs, including labor, materials and so on, are $40 million. Construction is anticipated to take six months. One month into the project, RBC has put $10 million into the project. Detroit tells RBC at this point that it no longer wants the bridge, and plans to breach the contract.
How much will RBC's damages be?
a) $50 million
b) $0
c) $20 million
d) $10 million
e) $40 million
Answers
Answer:
Please given an Explanation:
The damages that will be faced by the Randolph Bridge Company if Detroit plans to breach the contract will be close to around $10 million at the point of one month.
What is breach of contract?A breach of contract is a condition wherein a party to the contract violates the terms of agreement as per the documents signed during the contract. A breach of contract makes such person, who breaches, liable to be sued.
In the above case, it has been observed that the city of Detroit has made promises to pay for the project at the end of completion of the project of building the bridge; however, no payments have been made at the end of one month, where RBC Company has already deployed an amount of $10 million.
As the RBC Company has not received any of the payments and a breach of contract has been made by the Detroit city, the total damages for the company at such point will be $10 million, considering that no loans or advances were taken to repay the same.
Hence, option D; $10 million are the damages suffered and incurred upon by the RBC at the end of one month when Detroit has made a breach of contract agreements.
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15-9: Harris Company must set its investment and dividend policies for the coming year. It has three independent projects from which to choose, each of which requires a $3 million investment. These projects have different levels of risk, and therefore different costs of capital. Their projected IRRs and costs of capital are as follows: Project A: Cost of capital: 17%; IRR: 20% Project B: Cost of capital: 13%; IRR: 14% Project C: Cost of capital: 7%; IRR: 9% Haris intends to maintain its 35% debt and 65% common equity capital structure, and its net income is expected to be $7,500,000. If Harris maintains its residual dividend policy (with all distributions in the form of dividends), what will its payout ratio be?
Answers
Answer:
Its payout ratio will be 22%
Explanation:
Residual dividend policy is a policy where a company uses the residual equity to fund dividend payments.
Accept Project A, B and C as they all have higher Cost of capital than the IRR
The total investment = $3,000,000 * 3 = $9,000,000
Dividend = Earnings - Investment in equity = $7,500,000 - 65%*$9,000,000 = $7,500,000 - $5,850,000 = $1,650,000
Dividend payout ratio = Dividend / Total earnings = $1,650,000 / $7,500,000 = 0.22 = 22%
i. Accrued service revenue Birr bu ii. depreciation birr 300 iii. accrued salary expense birr 800 iv. prepaid rent expired birr 500 v. supplies used birr 100 Requirements a) Journalize and post adjusting entries b) Prepare adjusted tribal balance c) Prepare financial statement d) Journalize closing entries e) Preparing post closing trial balance
Answers
The Following are required Journalize and post adjusting entries.
Debit Credit
Accrued Service Revenue A/cTo Service Revenue A/c
Depreciation A/c 300To Machinery A/c 300
Salary A/c 800To Salary Payable 800
Rent 500To Prepaid Rent 500
Supplies A/c 100To Payable 100
How do you record accrued service revenue?Accrued revenue is reported on a company's financial statements as an adjusting journal entry under current assets on the balance sheets and as a financial result and capital on the income statement. When the payment is made, it is recorded in the asset account as an adjusting entry for accrued revenue.
Thus, the mentioned above are required Journalize.
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Which action might be considered an unethical response to a customer's
negative online review?
A. Reply to the complaint online explaining why the customer was
wrong.
B. Ask employees to ask friends who have used the product if they
would write a review.
C. Issue an apology to the customer in the comment section of the
review
D. Offer the customer money or product to remove it.
Answers
Answer:
d.
Explanation:
Offering the customer money or a product to remove that action might be considered an unethical response to a customer's negative online review. The correct option is D.
How do you deal with unethical behavior?Begin by informing new employees of the rules during orientation. Ensure that all new employees are conscious of the repercussions of policy violations. If an employee violates the code of conduct, refer to the code of conduct and take the necessary steps to warn or terminate the employee.
Ethical marketers understand emotions, while unethical marketers take advantage of them. This unethical marketing practice may include intentionally instilling rage or sadness in order to manipulate consumer decisions, employing fear tactics, targeting the poor, or duping customers into purchasing a product or service.
Thus, the ideal selection is option D.
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Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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5.17. When a known future cash outflow in a foreign currency is hedged by a company using aforward contract, there is no foreign exchange risk. When it is hedged using futures contracts, the daily settlement process does leave the company exposed to some risk. Explain the nature of this risk. In particular, consider whether the company is better off using a futures contract or a forward contract when:a)The value of the foreign currency falls rapidly during the life of the contract.b)The value of the foreign currency rises rapidly during the life of the contract.c)The value of the foreign currency first rises and then falls back to its initial value.d)The value of the foreign currency first falls and then rises back to its initial value. Assume that the forward price equals the futures price
Answers
A plan for plant expansion that is expected to cost $11 million. How much money must the company set aside now in a lump-sum investment to have the money in 2 years
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
Future value= $11,000,000
Number of years= 2
To calculate the initial investment required, we need an interest rate. We weren't provided with this information, however, I will provide the formula and an interest rate.
i= 8% compounded annually.
To calculate the lump-sum, we need to use the following formula.
PV= FV/(1+i)^n
PV= 11,000,000/(1.08^2)
PV= $9,430,727.02
PLEASE HELP FAST!!!!!!!!!!!!!!!!!
Which candidate do you think proposed a more compelling argument about inflation? Support your claim with specific data presented by the candidates. Be sure to mention at least one counterpoint, and refute this point with evidence.
Answers
Answer:
What type of canidate? Like ones running for presidents?
This is your opinion and backup your beliefs with evidence
Explanation:
Answer:
I think the more compelling argument winner has to go to Jimmy Carter. Lots of facts stated, not just opinions and assumptions. For example; when he stated written facts from the CPI that his plan to bring inflation down has worked for him during is presidency.
With that being said I have to give credit where credit is due, Ronald Regan definitely had some powerful comebacks. Like for when he was showing that his governing in the state of California has worked in the past so why would it not work while running the country.
Explanation: no explination
plus not my answer
Which part of the result block should you evaluate to determine the Needs Met rating for that result?
True False
You always need to evaluate both the block and the landing page.
True
False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
O True
False
For a Web Search Result Block, in most cases you should evaluate just the content inside the block.
O True
False
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases.
Answers
You always need to evaluate both the block and the landing page. It is False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True
For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True
How to Know if the Needs met for the resultThe answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.
For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.
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Your company is considering expanding its retail outlet. Currently, inventory levels are $5,000. With the expansion, it is expected that inventory levels will need to be $9,500. It is expected that accounts receivable will increase by $4,000 and account payable will decrease by $10,000. The expansion of the building will cost $120,000. What change in net working capital is this expansion causing
Answers
Answer:
Change is net working capital is -$18,500(use of cash)
Explanation:
Due to the expansion inventory would increase by $4,500 ($9,500-$5,000)
Accounts receivable would also increase by $4,000 over its previous amount.
Accounts payable would reduce by $10,000 as compared to previous balance of accounts payable
The change in net working capital=$4,500+$4,000+$10,000=$18,500
This is a use of cash not a source of cash inflow
a clamping force of 350 lb is applied to the wooden block, determine the normal stresses at points h and k. the clamp cross-sectional dimensions at the section of interest are 1.25in by 0.375in thick.
Answers
The normal stresses at points h and k would be 16,430 psi (T) and 14,930 psi (C) respectively.
Normal stress = force ÷ area. As the name suggests, Stress is said to be Normal stress when the direction of the screwing force is vertical to the cross-sectional area of the body. The length of the line or the volume of the body changes stress will be at normal. When the external force acts vertical to the cross-sectional area of any object or a body, it induces stress in those objects or a body to recapture its original shape. The stress so delivered by the vertical action of a force on a given area is called normal stress. Normal forces can be supported by any material, whether fluid or solid. These are forces directed vertical, or normal, to a substance airplane across which they act. The force per unit of area of that airplane is called the normal stress.
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The ________________ suggests that a high priority of providers, managers of health care, and researchers should be the identification and evaluation of approaches to improving the cost-effectiveness of managing the most prevalent chronic disease conditions in the general population.
Answers
Answer:
Explanation:
what do you want to know maybe i can help you
-At which point are you producing all running shoe
inserts and no hiking boot inserts?
-Which production point would be a goal for the future
but cannot be attained now?
Answer is A,X
Answers
Answer:
the guy above is right trust me (kid in all cp classes)
Explanation:
but yea he is correct
an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own
Answers
An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.
Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.
What actions would a business owner that is actively seeking new possibilities take?Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.
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The complete question is:
An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own _______
Assume that two investors each hold a portfolio, and that portfolio is their only asset. Investor A's portfolio has a beta of minus 2.0, while Investor B's portfolio has a beta of plus 2.0. Assuming that the unsystematic risks of the stocks in the two portfolios are the same, then the two investors face the same amount of risk. However, the holders of either portfolio could lower their risks, and by exactly the same amount, by adding some "normal" stocks with beta = 1.0.
1. True
2. False
Answers
Answer:
1. True
Explanation:
Both investors' portfolios are equally risky (they are both twice as risky as the market). If any of them invests in stocks with a beta = 1 (market beta), then their portfolio's risk would reduce since the total beta would move towards the market risk. For both of them, the more stocks with beta = 1 that they add to their portfolio's, the more the portfolio's risk will reduce.
Retirement planning should begin at what age?
Answers
Answer:
60
Explanation:
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows:
a. What is the inventory control system for Tegdiws? That is, what is the reorder quantity and what is the reorder point?
b. Find the total inventory costs if using inventory policy.
This is a case considering safety stock (make sure to use the right formulas)
Holding cost per unit per year is given as a percentage of item cost
Answers
Reorder point is the level of inventory that the firm holds in stock and when the inventory level reach this point, the firm must reorder the item.
How to represent the informationEconomic Order Quantity refers to the number of unit the company should add to the inventory and the order is made to minimize the total inventory cost. It maintains a balance between ordering costs and carrying costs.
EOQ act as a review inventory system to monitor the inventory level continuously and once the level reaches the reorder point, a fixed quantity of the order is placed. Thus EOQ helps in calculating reorder points and optimal reorder quantity to avoid a shortage of inventory.
A periodic review system also called a fixed interval to reorder system has four original economic order quantity assumptions: -
There are no restrictions on lot size.ordering cost and carrying costdemand should be independentThe lead time is constant.Read more about review inventory system here:
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how can I draw the circular flow of Income in an open economy?
Answers
The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.
The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.
The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.
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How do answer this question?
Answers
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
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Question 1: Topic - Bank Reconciliation
The 2020 June bank statement of Wheeler Ltd has just been received from its bankers. The owner, Ken
Wheeler, has been quietly monitoring internal controls over few months and has sufficient grounds to
believe that cash is being misappropriated in his business. He has approached an accounting consultant,
Tony, to verify his accounting records and confirm his worst fears. Tony is supplied with the
reconciliation statement at the end of last month together with the cash records and the most recent bank
statement of Wheeler Ltd.
Last Month’s Reconciliation statement is presented below:
Bank Reconciliation Statement as at 31 May 2020
($)
Balance as per Bank Statement 30 April 2020 4328.90 Cr
Add: Outstanding Deposit 1224.50
5553.40
Less: Unpresented Cheques 223.70
Balance per Cash at Bank Account at 31 May 2020 $5329.70 Dr
The total of the cash receipts journal for June is $64,776.30 and the total of the cash payments journal is
$63,265.60. The current bank statement shows that cheques presented and paid amount to $59,725.10,
and total deposits amount to $64,780.60. There are also additional debits on the statement for a
dishonored cheque for $210, and account fees for $20.
Additional information:
An examination of the records reveals that all reconciling items at 31 May 2020 appear in the bank
statement for June, unpresented cheques at 30 June total $7154.40, and the 30 June deposit of
$1950.40 has not been credited by the bank. Your check of the cash journals reveals that addition errors
have been made by the clerks responsible. Receipts should total $65,766.30 and payments should total
$63,185.60.
Required:
a) Prepare the Cash at Bank account of Wheeler Ltd showing the final balance at 30 June 2020.
(4 marks)
b) Prepare the bank reconciliation statement of Wheeler Ltd at 30 June 2020. (4 marks)
c) Advice the owner, Ken Wheeler, whether cash is being misappropriated by any amount, assuming
that the records maintained by the bank are accurate. (3 marks)
Answers
Answer:
Wheeler Ltd
Balance per Cash at Bank Account at 31 May 2020 $5,329.70 DR
Total cash receipts for June, 2020 $65,766.30
less Total cash payments for June, 2020 ($63,185.60)
Dishonored check ($210.00)
Bank charges ($20.00)
Adjusted balance per Cash at Bank $7,680.40 DR
Bank Reconciliation Statement at 30 June 2020
Adjusted balance per Cash at Bank $7,680.40
Add Unpresented cheques at 30 June total $7,154.40
Less Uncredited deposits = ($1,950.40)
Balance as per bank statement, 30 June, 2020 $12,884.40
c) Cash was misappropriated by $1,070 with the under-counting of cash receipts ($990) and overstatement of cash payments ($80).
Explanation:
a) Data and Calculations:
Total cash receipts = $64,776.30 $65,766.30 $990 error understated
Total cash payments = $63,265.60 $63,185.60 $80 error overstated
Checks presented and paid by bank = $59,725.10
Checks deposited in June = $64,780.60
Dishonored check $210
Bank charges $20
Additional information:
Unpresented cheques at 30 June total $7,154.40
Uncredited deposits = $1,950.40
What is a bushiness opportunity?
Answers
Answer: You said it yourself, an opportunity.
Explanation:
A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.
But mainly used to make more money.Use the aggregate expenditures model and assume an economy is in equilibrium at $5 trillion which is $250 billion below full-employment GDP. If the marginal propensity to consume (MPC) is 0.60, full-employment GDP can be reached if government spending:
Answers
Answer:
Government must reduce spending by 100 billion to reach full employment
Explanation:
First, let plug in the MPC to find the spending multiplier
Spending Multiplier = 1 / 1 - MPC
Spending Multiplier = 1 / 1-0.6
Spending Multiplier = 1 / 0.4
Spending Multiplier = 2.5
We also know that we are looking to change the equilibrium output (Y) by -250 billion
ΔG * Multiplier = ΔY / Multiplier
= -250 billion / 2.5
= -100 billion
Therefore, government must reduce spending by 100 billion to reach full employment
A job analysis report transforms the analysis into three components: an
analysis, a summary, and
?
Answers
Work activities, worker attributes, and work context are the three main categories of data used in job analysis.
What is Job analysis?Work analysis is the process of gathering all the essential details about a certain job, including the tasks involved, the knowledge and skills needed to accomplish the job, and the responsibilities and skills necessary for the job to be performed successfully.
One of the most crucial tasks carried out by a human resource manager is job analysis. By defining the relevance, definition, and technique of "job analysis" with an emphasis on the job description & job specification, which are seen as the process's output, this article will help readers understand the concept.
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By comparing prices at different stores, consumers will:
Answers
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Question 3
You are a senior manager, and your spouse has a retirement plan with their
current employer. Within their plan are several restricted securities in EY audit
clients for which you are not a covered person. Is this in compliance with the US
Independence Policy?
Yes, as long as you are not a covered person and the senior manager's
spouse is still employed at the company, it is allowable.
O
Yes, as long as you are not the beneficiary of the plan, it is allowable.
No, they are allowed to hold covered person restricted securities in their
current employer plan but not fully restricted securities.
No, as a senior manager, you cannot hold any restricted securities even
when part of a spouse's employer benefit plan.
Answers
Yes, provided that you are not a covered individual and the senior manager's spouse is still a worker for the organization.
The Firm's Independence Policy must be followed by all EY client-facing employees, even those who are related to senior manager's them immediately. Searches must be conducted to discover whether financial relationships are allowed or forbidden. If the searched security is not among the results, you may not conclude that a security is acceptable. Please make a request for help.
The External Independence System Security Search is used to determine whether or not EY employees senior manager's and their close relatives are allowed to purchase securities (such as stocks, bonds, mutual funds, etc.).
This website is used by candidates thinking about working at EY as client-serving professionals to ascertain whether financial links are allowed senior manager's and to iron out any independence concerns before commencing.
Using this website, financial advisors and money managers can find out which investments are acceptable for professionals and their close relatives. Executive directors, partners, senior managers, and managers at EY are required to report their security holdings to the Independence Monitoring System. To update the Independence Monitoring System within 10 days of purchase, give the professional the GIS security ID, security codes, or ticker information on security purchases.
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it is used to market the product that the business is selling?
Answers
Answer:
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
The 4 Ps are used by companies to identify some key factors for their business, including what consumers want from them, how their product or service meets or fails to meet those needs, how their product or service is perceived in the world, how they stand out from their competitors, and how they interact with their customers.
KEY TAKEAWAYS
The four Ps are the four essential factors involved in marketing a good or service to the public.
These are the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising).
The concept of the four Ps has been around since the 1950s; as the marketing industry has evolved, the concepts of people, process, and physical evidence have become important components of marketing a product, too.
If the total assets to equity ratio of a company is increasing, it is possible that:
A.The company is increasing the use of debt and getting higher financial leverage
B.The company is decreasing the use of debt and getting lower financial leverage
C.The company is decreasing its efficiency in operations
D.The company is increasing its efficiency in operations
Answers
When the proportion of the total assets to equities ratio increases, it is an indication that the company is less dependent on the debts of creditors.
What is assets to equity ratio?The assets to equity ratio represents the number of assets earned by an organization with the use of debt resources. If such ratio increases, the use of debts is lowered by the company.
An increase in the assets to equity ratio also indicates that the company is operating at very low risks of losing money, acquired through debt mode.
Hence, option B holds true regarding the assets to equity ratio.
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Summarize chaleff’s courageous followership? I need help!!
Answers
Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.
Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.
According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.
Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.
Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.
In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.
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A senior executive employed by a major consultancy was recently quoted as saying the following: 'As a result of the speed of change in the development of web and mobile technology, traditional concepts of MIS are now completely irrelevant.' a. Discuss the degree to which you agree OR disagree with this statement, with at least THREE supporting examples.
Answers
I disagree with the statement that states that "As a result of the speed of change in the development of web and mobile technology, traditional concepts of MIS are now completely irrelevant.'" because these concepts are still very relevant in organization using its data to facilate decision making.
What is a Management Information system?Basically, a management Information system refers to an idea that is associated with man, machine, marketing and methods for collecting of information from the internal, external source and, then processing such information for the purpose of facilitating the process of decision-making of the business.
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After reading a child's file, a trained adult asks the child to perform specific tasks. The
information gained indicates the child may have a developmental delay or disability and
could benefit from early intervention. The adult refers the family to a medical professional
for diagnosis.
Observation
Screening
Assessment
Evaluation
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After reading a child's file, a trained adult asks the child to perform specific tasks and learns that the child may have a developmental disability and could benefit from early intervention and he refers the family to a medical professional for diagnosis. This is called assessment. The correct option is c.
What is a developmental disability?Developmental disability refers to a diverse group of chronic conditions, comprising mental or physical impairments that arise before adulthood. These disabilities cause individuals living with them many difficulties in certain areas of life, especially in language, mobility, learning, self-help, and independent living.
Developmental disabilities can be detected early on and persist throughout an individual's lifespan.
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