Answer:
1. Average rate of return on investment = 12.11%
2. Net Present Value = – $14,845.09
Explanation:
1. Determine the average rate of return on investment
Average rate of return on investment is the total net incomes from an investment divided the estimated life of the investment, and this is then divided by the cost of acquisition of the investment. This can be calculated for this question as follows:
Average income = Total net income / Estimated life = 123,000 / 4 = $30,750
Average rate of return on investment = Average income / Acquisition cost = $30,750 / $254,000 = 0.1211, or 12.11%
2. Determine the Net Present Value
Net present value is the difference between the present value of the acquisition of an investment and sum of the present values of all the net flows from the investment over its useful life.
Note: See the attached excel file to see how the net present value (NPV) is calculated.
Net Present Value = – $14,845.09
Conclusion
Since the Net Present Value is negative, it therefore implies the project is not a good investment.
when it comes to managing money success is about 80% knowledge and 20% Behavior true or false
Answer:
huh
Explanation:
do you have a picture of the question because I don't get it but I'm trying to help
8. How much money does Carrie have left over after creating her budget?
Where can she make adjustments so that her budget is balanced and income is equal to
expenses?
9. If Carrie decides to continue living on her own, how can she alter her monthly
budget to pay for the $300.00 rent increase? Give specific suggestions.
10. If Carrie decides to have a roommate, how would this alter her current budget?
Approximately how much money would that save Carrie per month?
11. What are other solutions Carrie and Bryce did not think of?
12. What final pieces of advice can Bryce offer Carrie in order to best handle the rent increase
and stay in her apartment? Explain your answer.
Carrie can cut back on discretionary spending, decrease her living space, bargain with service providers, apply for public assistance programmes, or try to earn more money through side jobs or freelance work in order to balance her budget.
Which of the following offers a good illustration of a freelancing market?Upwork. A platform called Upwork connects you with both short- and long-term clients in the freelance sector. It provides prospects for freelance work in a variety of industries, including software development, graphic design, sales, and marketing.
How would you define a freelancer?A freelancer is someone who covers stories of their own choosing independently and then sells their material to the highest bidder. A web designer or app developer that solely works on specific projects for clients is another example.
To know more about spending visit:-
https://brainly.com/question/15595808
#SPJ1
How you can identify the market structures discussed in the coverage
Answer:
The main characteristics that determine a market structure are: the number of organizations in the market (selling and buying), their relative negotiation power in relation to the price setting, the degree of concentration among them; the level product of differentiation and uniqueness; and the entry and exit barriers ...
Explanation:
Please mark me as the brainliest answer
How is emotional intelligence related to motivation?
Answer:
Emotional intelligence means being self-motivated
Self-motivation relates to internal drive. Emotionally intelligent individuals understand the deeper meaning of their goals and the self-motivation skills required to achieve them.
Answer:
The results show that emotional intelligence is positively related to positive emotions and negatively related to negative emotions. Positive emotions positively predict both self-motivation towards physical education classes and resilience. Resilience positively predicts self-motivation.
Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 150 shares of its common stock on May 1 for $7,500. On July 1, it reissued 75 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Answer:
$150
Explanation:
The computation is shown below:
Repurchase rate per share
= $7,500 ÷ 150
= $50 per share
On july 1 paid in capital , treasury stock = $450 [150 × ($53 - $50)]
On August 1 paid in capital ,treasury stock = ($300) [150 × ($48 - $50)]
So on august 2 it would be
= $450 - $300
= $150
What are the three types of inherent value money can have?
A. Regulated, market, and face.
B. Intrinsic, market, and commodity.
.C. Intrinsic, market, and face.
D. Face, intrinsic, and commodity.
The three types of inherent value money can have are Intrinsic, market, and face. Option C
What is inherent value money about?Cash has an asset's value is determined by its intrinsic value. Instead of using the asset's actual market price, this metric is calculated objectively or through the use of a sophisticated financial model.
Other than its current exchange value for goods and services, it has no worth. Something is valuable in and of itself when it has inherent worth. A thing with intrinsic value is a goal in and of itself.
Hence, the value an entity has for what it is, as a goal, or in and of itself is known as intrinsic value.
Learn more about inherent value money from
brainly.com/question/14428481
#SPJ1
Information for Rafael Corp. is given in BE8.8. Suppose the accountant for Rafael Corp. uses normal-absorption costing and uses the budgeted volume of 50,000 units to allocate the fixed overhead rather than the actual production volume of 40,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) Calculate the manufacturing cost per unit and prepare a normal-absorption-costing income statement for the first year of operation. (b) Reconcile the difference in net income between the variable-costing and normal-absorption-costing methods.
This difference can be reconciled by the production volume variance of $60,000, as the total difference is equal to the production volume variance multiplied by two ($60,000 x 2 = $120,000).
What is volume ?Volume is the measure of the amount of three-dimensional space occupied by an object. It is typically measured in cubic units, such as cubic meters or cubic centimeters. Volume can also be expressed as the amount of space an object takes up, such as gallons, quarts, or liters.
(a) Manufacturing Cost per Unit:
Direct materials: $3.00
Direct labor: $4.00
Variable overhead: $2.40
Fixed overhead: $6.00
Total Manufacturing Cost per Unit: $15.40
Normal-Absorption-Costing Income Statement:
Sales (50,000 units) $750,000
Less: Cost of Goods Sold
Direct materials $150,000
Direct labor $200,000
Variable overhead $120,000
Fixed overhead $300,000
Total Cost of Goods Sold $770,000
Gross Loss $(20,000)
Less: Operating Expenses
Selling expenses $50,000
Administrative expenses $60,000
Total Operating Expenses $110,000
Net Loss $(130,000)
To learn more about volume
https://brainly.com/question/17073739
#SPJ1
Conner's Fixtures produces and sells a single product, a specialized plumbing fixture. The business began operations on January 1 this year and its costs incurred during the year include the following: At the end of the first year (December 31), direct materials inventory consisted of 7,500 pounds of material. Production in that year was 10,000 fixtures. All prices and unit variable costs remained constant during the year. Sales revenue for year 1 was $293,250. Finished goods inventory was $24,420 on December 31. Each finished fixture requires 3.20 pounds of material. Required: a. Compute the direct materials inventory cost, December 31.
b. Compute the finished goods ending inventory in units (fixtures) on December 31.
c. Compute the selling price per unit. d. Compute the operating profit for year 1.
Note: Loss amounts should be shown with a minus sign.
The operating profit for year 1 was a loss of $56,925.
A). Direct materials inventory cost on December 31 is calculated as follows:
Cost per pound of material: $293,250 / (10,000 fixtures * 3.20 pounds of material per fixture) = $ 7.59 per pound
Direct materials inventory cost: $ 7.59 per pound * 7,500 pounds = $ 56,925
B). Finished goods ending inventory in units (fixtures) on December 31 is calculated as follows:
Cost per fixture: $24,420 / (10,000 fixtures) = $ 2.44 per fixture
Finished goods ending inventory in units: $24,420 / $ 2.44 per fixture = 10,000 fixtures
C). Selling price per unit is calculated as follows:
Selling price per fixture: $ 293,250 / 10,000 fixtures = $ 29.33 per fixture
D). Operating profit for year 1 is calculated as follows:
Total direct materials cost: $ 56,925 + $ 293,250 = $ 350,175
Operating profit: Sales revenue - Total direct materials cost = $ 293,250 - $ 350,175 = - $ 56,925
So, the operating profit for year 1 was a loss of $56,925.
You can learn more about operating profit at
https://brainly.com/question/30209435
#SPJ4
A salesgirl gets$20.00 for every$100.00 of bread she sells.In one month she sells 50 large loaves of bread at$12.00 each and 80 small loaves at$5.00 each.
Calculate her commission.
Answer:
Commission is $200
Explanation:
Step 1: Calculate Sales Revenue
(50 * 12) + (80 * 5) = $1,000
Step 2: Calculate how many times she achieved $100 in sales
1,000 / 100 = 10
Step 3: Calculate Commission
20 * 10 = $200 in commission
The following is an extract of Webee Ltd.’s balance sheet. What is its current ratio?
Particulars $
Cash 5,000
Accounts Receivable 5,000
Inventory 10,000
Prepayments 4,000
Long term Assets 100,000
Accounts Payable 2,000
Notes payable within 10 months 2,000
Wages Payable 4,000
Long term Liabilities 16,000
Stockholder's Equity 100,000
a. 2:1
b. 3:1
c. 6:1
d. 4:1
The current ratio of Webee Ltd is b. 3:1.The current ratio of Webee Ltd can be calculated by dividing its current assets by its current liabilities. Given that we have the company's balance sheet, we can easily find the current ratio.
Current assets are: Cash + Accounts Receivable + Inventory + Prepayments = $5,000 + $5,000 + $10,000 + $4,000 = $24,000Current liabilities are:
Accounts Payable + Notes payable within 10 months + Wages Payable = $2,000 + $2,000 + $4,000 = $8,000Now that we have both figures, we can calculate the current ratio as follows:
Current Ratio = Current Assets / Current Liabilities = $24,000 / $8,000 = 3:1.Therefore, the current ratio of Webee Ltd is b. 3:1.
For more question on current liabilities
https://brainly.com/question/30301305
#SPJ8
BCG growth share matrix
The BCG growth-share matrix is a business analysis tool that helps companies analyze their portfolio of businesses and products based on two key factors: market growth rate and market share.
What are the quadrants of the BCG matrix?"Stars" - high market growth rate and high market share products, which are expected to continue growing and generating profits;
"Cash cows" - low market growth rate and high market share products, which generate steady profits that can be invested in other areas;
"Question marks" or "problem children" - high market growth rate and low market share products, which require investment to increase their market share;
"Dogs" - low market growth rate and low market share products, which may be candidates for divestment or discontinuation.
To know more about BCG matrix, visit:
https://brainly.com/question/30998566
#SPJ9
Which of the following individuals may qualify for a health savings account (HSA)?
A. Cyrus and Iris are covered by a plan through Cyrus's employer. Their deductible is $2,700.
B. Jada and Bob are covered by Medicare and a supplemental insurance policy.
C. Eric is covered by Medicaid.
D. Kacie has health insurance through the Marketplace. Her deductible is $600.
Out of the given choices, it may be stated that the individuals such as Cyrus and Iris, who are covered by a plan through Cyrus' employer with deductibles of $2,700, are most likely to qualify for a health savings account. Therefore, the option A holds true.
A savings account is one of the most common types of account provided by the commercial banks to their customers. However, there are a number of savings accounts, such as the health savings account. However, a health savings account requires eligibility of insurance cover, wherein the deductibles are more than $2,500.
Learn more about savings account here:
https://brainly.com/question/3811440
#SPJ4
What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
To know more about virtual interaction,
brainly.com/question/31455408
brainly.com/question/32326690
2 words that ryme on the same line is called?
Answer:A couplet usually consists of two successive lines that rhyme and have the same metre. A couplet may be formal (closed) or run-on (open). In a formal (or closed) couplet, each of the two lines is end-stopped, implying that there is a grammatical pause at the end of a line of verse.
Explanation:Hoped this helped u kind sir or ma'am and have an great day! And also may i plz have brainlist?
A successful leader at Uber needs to understand how all the different parts of this complex organization work together. This means that the leader’s ________ skills are particularly important
We are need skills to be able to do work. The above means that the leader’s management or organizing skills are particularly important.
The act of OrganizingOrganizing is simply known as when one is involve in assigning tasks, giving tasks into departments, sharing authority, and allocating resources etc. in all aspect of the organization.During the organizing process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.
Learn more about Skills from
https://brainly.com/question/18069347
The affairs of the business is managed by head of the family known as karta in ?
Answer:
The affairs of business are managed by the head of the family, who is known as the Karta. In the entire Hindu joint family, the karta occupies a very important position. Karta is the eldest member of the family.
please mark me as brainliest
3. Which pair of fields must contain unique values for every name entry?
a. CUSTOMER TYPE and COMPANY NAME.
b. VENDOR TYPE and FULL NAME.
C. CUSTOMER NAME and VENDOR NAME.
d. COMPANY NAME and FULL NAME.
CUSTOMER NAME and VENDOR NAME must contain unique values for the entry of name in the data sheet.
Who is a customer?Someone who buys or purchases a commodity from a seller with an intention to consume or resell such product to someone else at a given price or quantity is known as a customer.
Every consumer is a customer, but every customer is not a consumer. A vendor, on the other hand, is an individual who deals in commodities to be sold to their customers at a given price or quantity.
Hence, option C holds true regarding a customer.
Learn more about a customer here:
https://brainly.com/question/13472502
#SPJ1
Which type of card impacts your credit history?
Answer:
Explanation:
Type of Credit concerns the "mix" of credit you access, including credit cards, retail accounts, installment loans, finance company accounts and mortgage loans.
Credit cards impact your credit history. Your use of the credit card will have an effect on your credit history once you have one.
How many credit cards will hurt your credit score?Having two to three credit card accounts open at once, in addition to other forms of credit, is generally advised. Keep in mind that your debt-to-credit ratio and the total amount of credit accessible both can affect your credit scores. Managing your monthly payments may be challenging if you have more than three credit cards.
Your credit history could be greatly affected by credit cards. When you apply for a credit card, the company issuing the card will normally check your credit history to see if you are creditworthy. A "hard inquiry"—also known as a credit check—is the result of this, and it lowers your credit score momentarily.
Learn more about credit cards here:
https://brainly.com/question/31598744
#SPJ2
lean production requires that activities be __________________ to achieve production using minimal inventories.
Lean production requires that activities be integrated to achieve production using minimal inventories.
What is Lean production?Lean manufacturing can be described as the methodology which help to focuses on minimizing waste within manufacturing systems with the productivity been maximized.
It should be noted that the Waste to the customers are those things that the customer do not see as a value to the product and they will not pay for it.
Learn more about Lean production at:
https://brainly.com/question/14069206
#SPJ1
Gain sharing is an employee benefit that provides
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
To learn more about employees, click here.
https://brainly.com/question/18633637
#SPJ1
Assignment:
In this lesson, you learned about the three legal forms of business ownership: sole proprietorships, partnerships, and
corporations. You also learned about alternative types of business ownershlp Including franchises, nonprofit
organizations, and cooperatives. All of these business forms have thelr own sets of rules, risks, and obligations.
Explain the advantages and disadvantages for each type of business ownership listed above. Then, choose the type of
business ownership that you personally would feel most comfortable participating in. Explain your choice.
Assignment Guidelines:
Your response should include the advantages and disadvantages of the six types of business ownership listed, along
with your choice and explanation. Your response should be approximately one-and-a-half pages long, double-spaced,
standard margins, and 12-polnt Times New Roman font.
Submission Requirements:
Submit a Word document containing your response to the assignment
When submitting written assignments, please remember to:
• Submit the assignment question(s) with your responses.
• Proofread for spelling, grammar, and punctuation.
• Use complete sentence structure.
• Make sure paragraphs have at least six sentences.
In-depth research is needed on the advantages and disadvantages of the three forms of business ownership and alternative types and what type of ownership you would be most comfortable with.
Sole ProprietorshipsIt is a form of company in which only one person is responsible for management, with no legal distinction between the owner and the company.
The advantages are the less bureaucracy and lower interest rate. The disadvantages are the difficulty in obtaining financing and business credit.
PartnershipsIt is a professional relationship between two or more people to carry out a business. The advantages are the sharing of risk and responsability. The disadvantages are related to the loss of autonomy and conflicts.
CorporationsIt is an entity that has a legal status separate from its owners. The advantages are the ease of obtaining credit and protection from the liability of partners. The disadvantages relate to greater bureaucratization and formalities.
FranchisesIt is a business system where royalties are paid to a franchisor for the right to sell the same products and services. The advantages of franchising is the value of the brand and customer perception. The disadvantages are the high investment and maintenance of the business.
Nonprofit OrganizationsIt is an entity whose objective is to offer social benefits and to the general public, non-profit. The advantages are employee motivation and commitment and the disadvantages are social pressure and lack of financial resources.
CooperativesIt is an association of people who unite autonomously to meet their economic, cultural and social objectives and needs. The advantages are democratic management and ease of starting, while the disadvantages are less control and limited profitability.
Find out more information about Sole Proprietorships here:
https://brainly.com/question/19176489
A customer calls in to purchase a product, and you go through the first offer to try and up-sell. The customer tells you that if you try and sell them anything else besides the product they called about, they will hang up without it. There is still one more offer you are supposed to pitch.
Cross- selling is the best option you can apply in this scenario, in which you give the consumer a product that is in line with their needs, and then go for pitch of further products.
According to the question, when a consumer calls to order a product, you try to upsell by going through the initial offer. The client informs you that they will end the conversation if you try to sell them anything else but the goods they phoned about, this is the wrong way to go about it.
The right way-
Give him the merchandise when the consumer calls and requests it specifically. After presenting the goods, you utilize cross-selling to promote further products.
Hence, cross- selling can be utilized to pitch one more offer you are supposed to pitch.
What's Cross- selling?Cross-selling involves promoting the purchase of any item in addition to the main product. For instance, cross-selling can persuade a consumer who has already subscribed to your marketing tool to do so for your CRM.
Hence, Cross- selling is the way to pitch product in this scenario.
To know more about Cross-selling visit:
https://brainly.com/question/13031409
#SPJ1
Question 8 of 10
What is one effective strategy for managing credit card debt?
A. Replacing low-interest credit cards with high-interest options
B. Spending your full credit limit before making a payment
O
C. Ensuring that all of your credit card bills are paid on time
D. Paying only the minimum monthly payment on all credit cards
SUBMIT
Answer: C. Ensuring that all of your credit card bills are paid on time
Explanation:
Paying your credit card balance in time will mean that you won't get charged interest or any other fees. This assumes there's no annual fee or any other kind of fee. It's possible with some cards that you can use them without any interest attached at all. Simply pay off the balance.
The credit card company banks on the fact that many people either can't or forget to pay off the month's balance, which incurs penalties and other fees. The credit card company also hopes that people pay the minimum monthly payment, which is the slowest way to pay off the debt and incurs the highest amount of fees. This option is definitely not recommended. So we can rule out choice D.
We can also rule out choices A and B. The goal is to have the lowest interest rate as possible. The lower the rate, the lower the interest if any applies. Choice B is a bad idea because you should have some cushion in your credit card balance.
In an unrelated acquisition, if five firms are interested in acquiring a firm and each of the bidding firms had a current market value of $30,000 while the current market value of the target firm is $20,000, this acquisition is likely to generate economic profits of ________ for the acquiring firm.
Answer:
It is not possible to determine the economic profits that the acquiring firm will generate from the acquisition based on the information provided.
The economic profits of an acquisition depend on various factors such as the price paid for the target firm, the synergies and efficiencies that can be realized by combining the two firms, and the potential growth and profitability of the target firm in the future.
In this scenario, it is only stated that five firms are interested in acquiring a firm with a current market value of $20,000, and each bidding firm has a current market value of $30,000. This information alone does not provide enough detail to calculate the expected economic profits for the acquiring firm.
Therefore, additional information such as the final acquisition price and other factors that could impact the acquisition's profitability would be needed to determine the economic profits generated by the acquisition.
Explanation:
Outline how a caller’s experiences affect their view of an organisation
a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
For more such question on inventory visit:
https://brainly.com/question/29636800
#SPJ8
Directions
1. Using the information learned in Unit 4, create a company, including the creation of a product or
service.
2. Next, create the advertising for that product or service to reach a target market. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's (product, price, place, promotion,
people, process, and physical).
Question #1
Answer: et. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's
Explanation:
In the EOQ model, costs such as the opportunity cost of capital and storage facility rent are reflected in the _____ cost.
In the EOQ model, costs such as the opportunity cost of capital and storage facility rent are reflected in the holding cost.
The EOQ model stands for the Economic order quantity is the quantity of units or shares a company or an organization can purchase to reach the demand while reducing the inventory costs e.g. holding costs etc.
The importance of EOQ model, it helps the organization or company to their manage the inventory efficiently without any other methods of management. It's also holding the little inventory during the time of high demand
To know more about EOQ model here,
https://brainly.com/question/29618851
#SPJ4
1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answer: 4
Explanation: All of the above
Suppose you are the Hiring Director for a local computer software design firm. Your company has experienced significant growth over the last two quarters and as a result, your company will be hiring for 30 new positions in the next several months. The Vice President of Human Resources feels this is a perfect opportunity to incorporate unconscious bias training at your company as managers from several departments will be interviewing and hiring candidates for the new positions. Your company, unfortunately, suffers from a lack of diversity especially among the engineering, coding, and designing positions. She has asked you to conduct this training for the department managers in advance of any interviews being conducted.
As the hiring director, which of the following are effective in removing bias from the recruiting, interviewing, and hiring process?
A) Final hiring decisions can be made individually as long as the manager has followed a set of criteria in evaluating the candidate
B) Remind managers that their first or "gut" instinct is often the right choice
C) Final hiring decisions should be made by a hiring committee consisting of three or more department managers
D) Make department managers aware that unconscious bias exists
As a hiring director, it is effective to remove bias from the recruiting, interviewing, and hiring process by making department managers aware that an unconscious bias exists.
It is also effective to eliminate bias by having final decisions made by a hiring committee composed of three or more department managers.
Thus, the recruitment and selection process would be based on multiple views and not on the individual view of a single manager, which can reduce individual prejudices and thus increase diversity.
Awareness that bias exists is also the first step in identifying and solving the problem, providing specific training and guidance for more effective hiring.
A diverse work environment is essential for a company to be more innovative and creative, with professionals with different experiences and visions to enrich work processes and organizational culture.
Learn more here:
https://brainly.com/question/12672701