Employees who have a inspiring vision for their work find meaning and purpose in their lives.
What is Vision Statement?
A vision statement is a statement of organizational goals. This statement provides a roadmap for the business, outlining specific goals and ambitions. As a company grows, its mission statement may change slightly to adapt to differing needs, but the main idea typically remains the same. Official company documents, such as employee handbooks, usually contain a vision statement.
However, some organizations publish their statement on their website and other public platforms. The vision statement should motivate the employees of the organization and outline its ultimate goal. A mission statement is a document that outlines what a company intends to provide its customers, while a vision statement is a document that outlines the goals of the company.
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After graduating from JCU with a Banking & Finance degree, you work as a financial engineer in a boutique hedge fund. One of your job responsibilities is to design the investment strategies. You strongly believe that all risky assets should be priced by CAPM. Thus, you would like to apply the CAPM theory to constructing an investment portfolio.
Required:
Write down the steps (no calculation) to show how you would carry out the long-short strategy based on CAPM in practice. (6 marks)
During the risk-on period, i.e., interest rate is low, investors expect a better growth prospect and performance of the market post-COVID-19. According to CAPM, what kind of stocks should have a better performance? How does it affect your security market line (SML) and show your results on SML diagram? (5 marks)
You suspect that there are other risks should also be priced in CAPM. What are the possible risk factors you would consider and include them in your asset pricing models? (4 marks)
Based on the given information, here is how you would carry out the long-short strategy based on CAPM in practice:
Identify the Risk Factors: Begin by identifying the relevant risk factors that could affect the performance of different assets. These factors could include market risk, interest rate risk, industry-specific risk, and macroeconomic risk, among others.
Estimate the Beta: Once the risk factors are identified, estimate the beta for each asset. Beta measures the sensitivity of an asset's returns to changes in the overall market. Higher beta indicates higher sensitivity to market movements, while lower beta implies lower sensitivity.
Construct the Portfolio: Use the estimated betas to construct a portfolio that combines long and short positions. The long positions are taken in assets with high expected returns, while short positions are taken in assets with low expected returns. By taking opposite positions, you can aim to create a market-neutral portfolio that is less affected by overall market movements.
During the risk-on period when interest rates are low and investors expect better growth prospects and market performance post-COVID-19, stocks with higher beta (higher sensitivity to market movements) should have better performance according to CAPM. These stocks are expected to outperform the overall market during bullish phases
The security market line (SML) represents the expected return of an asset based on its beta. During the risk-on period, the SML may shift upwards, indicating higher expected returns for assets with higher beta. This shift reflects the increased appetite for risk and the positive market sentiment. The SML diagram will show a steeper slope, indicating the higher expected return for a given level of risk.
Possible risk factors to consider in addition to the CAPM model could include liquidity risk, credit risk, geopolitical risk, and systemic risk. These factors can significantly impact the performance of assets and should be taken into account when pricing risky assets. By incorporating these additional risk factors into the asset pricing models, you can enhance the accuracy of your investment strategies and better account for the complexities of the financial markets.
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Given an actual demand of 63 a previous forecast of 58 and an alpha of .3 what would the forecast for the next period be using simple exponential smoothing ?
Answer:
The forecast for the next period based on simple exponential smoothing is 59.50
Explanation:
In determining the forecast for the period using the exponential smoothing approach, the below formula is of utmost importance:
forecast=(α*prior period actual)+(1-α)*prior period forecast
α =alpha=smoothing constant =.3
prior period actual=63
prior period forecast=58
forecast for the next period=(.3*63)+(1-.3)*58
forecast for the next period=18.90+40.60
forecast for the next period=59.50
1. What types of deaths are considered "deaths of despair"?
Answer:
Starvation, drowning, torture, death from thirst or starvation, rotting in solitary confinement until death.
Explanation:
Sometimes people will do anyting to survive, invluding eating themselves.
The process of sending and receiving messages without using any spoken words defines _____.
a.
verbal communication
b.
nonverbal communication
c.
open communication
d.
empty communication
The process of sending and receiving messages without using any spoken words defines nonverbal communication. The correct option is B. The exchange of information through body language, gestures, facial emotions, created space, and other nonverbal cues is known as nonverbal communication.
What are the barriers to nonverbal communication?Communication may be less effective if nonverbal clues, gestures, posture, and overall body language are not visible. Face-to-face contact is frequently more effective than phone calls, texts, and other technology-based communication methods.
The exchange of messages or signals using nonverbal cues like eye contact, gestures, posture, and body language is known as nonverbal communication. It involves the utilization of vocal and tactile clues, as well as kinesics, distance, physical settings, and appearance.
Thus, the ideal selection is option B.
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companies that produce goods which face an elastic demand are likely to experience which of the following situations with change in their selling price?
Companies that produce goods which face an elastic demand are likely to experience a significant change in the quantity of their product demanded with a change in their selling price.
In other words, if the company increases the price of its product, the demand for the product is likely to decrease significantly, and if the company decreases the price of its product, the demand for the product is likely to increase significantly.
This is because elastic demand means that consumers are very sensitive to changes in price and are more likely to switch to substitutes if the price of a product increases, and vice versa if the price of the product decreases.
Therefore, companies that produce goods with elastic demand need to be careful in their pricing decisions to avoid losing customers to substitutes.
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one of the biggest problems for a work covered by a copyright is _____.
One of the biggest problems for a work covered by a copyright is the issue of infringement. Copyright infringement occurs when someone uses, reproduces, distributes, or displays a copyrighted work without permission from the copyright owner.
This can lead to a loss of income and reputation for the copyright owner, as well as legal repercussions for the infringer. In order to prevent copyright infringement, it is important for copyright owners to protect their works and enforce their rights through legal action if necessary.
Additionally, education and awareness about copyright laws can help prevent unintentional infringement. Infringement can also negatively impact the creative industry by discouraging artists and creators from producing new content.
To address this issue, copyright holders can take legal action against infringers to protect their intellectual property and ensure proper compensation for their work.
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Tell me 3 characteristics of money?
1.) durability
2.) acceptability
3.) scarcity
4.) portability
5.)divisibility
6.)uniformity
choose any three u want! :)
Characteristics of Money.
Answer:
(a) Divisibility
(b) Limited supply
(c) Durability
More:
(d) Portability
(e) Acceptability
(f) Uniformity
These are the characteristics of money.
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Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answer: Rumors
Explanation: i had this topic last year
.All of the following are mechanisms that can be created to ensure good IT governance EXCEPT:
a) Policies
b) Review boards
c) Steering Committees
d) Consultants
e) IT Governance Council
All of the mechanisms mentioned, policies, review boards, steering committees and IT Governance Council, are typically used to ensure good IT governance but except consultants (d).
Therefore, the answer would be (d) Consultants. While consultants can certainly provide guidance and expertise in IT governance, they are not a mechanism in and of themselves. Rather, they are an external resource that can be utilized to help establish and implement governance mechanisms, such as policies, review boards, steering committees, and IT Governance Councils.
In summary, all of the options listed can be used to ensure good IT governance, but consultants are not considered a mechanism on their own.
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Why is it important for consumers to compare?
Consumers compare brands, products, and product classes to allocate their budgets. They compare particulars on price and the mileage they anticipate to decide from the particulars' features.
It's especially salutary when buying precious particulars, particulars you buy frequently, or particulars where the product quality or price varies greatly. Through announcements, registers, and online quests, comparison shopping is easy and can save you, plutocrats.
Consumers compare brands for shopping is the only way to familiarize themselves with the stylish available interest rates, know how important analogous homes and buses are dealing for and ensure they pay as little as possible on your big expenditure.
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what are 2 things that could happen to disrupt customer loyalty life cycle???
Answer: salespeople and customers are essential for the success of business-to-business relationships, and research has shown that a change of the salesperson can severely harm financial performance.
Explanation: However, such interpersonal relationship disruptions may also have positive effects by encouraging vitalizing re explorations of the relationship.
Which of these situations is not a reason for a firm to communicate through the media? Ignoring or downplaying an organizational crisis.
Ignoring or downplaying an organizational crisis is not a valid reason for a firm to avoid communicating through the media.
In fact, effective communication during a crisis is crucial for maintaining the trust and confidence of stakeholders such as customers, employees, and shareholders. Failure to communicate effectively can lead to further damage to the company's reputation and potentially even legal and financial consequences.
By communicating proactively and transparently through the media, a firm can demonstrate that it takes the situation seriously and is taking steps to address the issue.
This can help to mitigate the impact of the crisis and rebuild trust with stakeholders. Ignoring or downplaying the crisis, on the other hand, can exacerbate the situation and cause long-term damage to the firm's reputation.
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Sanders Company has a debit balance of $7,000 in its Allowance for Doubtful Accounts before any adjustments are made. Based on a review of its accounts receivable at the end of the year, Sanders estimates that $70,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is $70,000. $7,000. $77,000. $63,000. $70,000.
Answer:
$77,000
Explanation:
Calculation to determine what The amount of bad debt expense which should be reported for the year is
Using this formula
Bad debt expense=Allowance for Doubtful Accounts debit balance +Estimated uncollectible receivables
Let plug in the formula
Bad debt expense=$7,000+$70,000
Bad debt expense=$77,000
Therefore The amount of bad debt expense which should be reported for the year is $77,000
The demand for loanable funds is downward-sloping because: a. as interest rates fall, business find more projects to be profitable and thus want to borrow more. b. higher interest rates are equivalent to higher returns on business projects. c. as interest rates drop, the value of the money supply drops.
d. higher interest rates encourage firms to borrow more.
The demand for loanable funds is downward sloping because as interest rates fall, business find more projects to be profitable and thus want to borrow more (option a)
This is due to the fact that lower interest rates make it more affordable for businesses to borrow money, which in turn can lead to increased investment and economic growth. Higher interest rates are equivalent to higher returns on business projects, which may encourage firms to borrow more, but this is not the main reason why the demand for loanable funds is downward-sloping.
Additionally, as interest rates drop, the value of the money supply does not necessarily drop, so option c is not a valid explanation for why the demand for loanable funds is downward-sloping.
This means that when interest rates decrease, the cost of borrowing becomes more affordable, leading businesses to invest in more projects and borrow more funds. Consequently, the demand for loanable funds increases, resulting in a downward-sloping demand curve.
Therefore, the correct answer is option a. as interest rates fall, business find more projects to be profitable and thus want to borrow more
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carpet can be a consumer good or a business product. a particular type would be categorized as one or the other based on:
Carpet can be categorized as a consumer good or a business product based on the purpose for which it is primarily used.
If the carpet is primarily used for personal or household purposes, such as for decorating a home, it would be categorized as a consumer good. Consumer goods are products that are purchased by individuals or households for their own personal use and satisfaction.
On the other hand, if the carpet is primarily used for commercial or industrial purposes, such as for covering floors in an office building or a hotel, it would be categorized as a business product. Business products are goods that are purchased by organizations or businesses for use in their operations, rather than for personal consumption.
The same type of carpet can be categorized differently depending on the primary use. For example, a carpet that is commonly used in households can also be used in hotel rooms, but the purpose and context of its use would determine its categorization as a consumer good or a business product.
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All of the following are examples of secondary types of data except:
A. U.S. Census data
B. Consumer Reports
C. test market
D. Rotten Tomatoes (movie reviews)
Marginal revenue product is the: a. change in total output resulting from a unit change in the quantity of a variable input. b. price of the output multiplied by the total units of output produced. c. change in total cost resulting from a unit change in the quantity of a variable input. d. ratio of total revenue to the quantity of a variable input employed. e. change in total revenue resulting from a unit change in the quantity of a variable input.
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
If you know the answer plz help me out
Answer:
o Location
Explanation:
o Location
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answer:
D.what type of financial aid you are seeking
To what other groups may reentry internship programs apply? a. Retirees and veterans b. First-time entrants into the labor force c. Persons with misdemeanors d. Convicted criminals
Reentry internship programs may apply to all of the groups listed: retirees and veterans, first-time entrants into the labor force, persons with misdemeanors, and convicted criminals.
The goal of reentry programs is to provide job training and opportunities for individuals who face barriers to employment, including those who have been out of the workforce for an extended period or have a criminal record. These programs aim to help individuals gain valuable skills and experience that can lead to long-term employment and successful reintegration into society.
A return internship, also known as a re-entry program, is a short-term mid-career internship designed to help people who took a substantial break from the job to raise a family, pursue a passion, or take care of personal needs, develop the skills they need to get back to work. when a business invites someone who interned there to return as a full-time employee after they graduate from college.
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the management's preparation of activities to be carried out by the organization is termed
a) planning
b) delegating
c) organising
d) motivating
Answer:
a) planning
Explanation:
Planning is a major function of management. It entails thinking ahead or visualizing how to execute events or processes before their time is due. Planning is actualizing events in one's mind to achieve desires results before implementing them on the ground. It is going ahead of time and making preparations for future events.
Planning makes processes and events go smoothly. It makes sure all necessities are availed on time and all possible hitches have been addressed.
You are borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 5 years at 8. 6 percent interest. What is the amount of each payment?.
The amount of each payment of car borrowing = $366.05 monthly payment .
What's a monthly loan payment?Your monthly payment is what you pay to the lender each month to refund your loan. The quantum you compensate every month depends on the terms of your mortgage loan. This includes the star, which is the factual balance on the loan, and the interest on the loan.
Given :Purchase value of car = $17,800
Loan Period = 5 years
Annual Interest rate = 8.6%
Calculating Monthly Payment of the Loan:(Using Formula);
PV = C × {1-[1/(1+r)t]}/r
$17,800 = Monthly Payment × {1-[1 ÷(1+0.086/12)⁵ˣ¹²]} ÷ 0.086
$17,800 = Monthly Payment × {1-[1÷ (1.00716667)⁶⁰]} ÷ 0.00716667
$17,800 = Monthly Payment × {1-0.651507293} ÷ 0.00716667
$17,800 = Monthly Payment × [0.348492707 ÷ 0.00716667]
$17,800 = Monthly Payment × 48.6268667
Monthly Payment × $48.6268667 = $17,800
Monthly Payment = [$17,800 / $48.6268667]
Monthly Payment = $366.05
Interest payment :
Interest is payment from a borrower or deposit- taking fiscal institution to a lender or depositor of an quantum above prepayment of the top sum, at a particular rate. It's distinct from a figure which the borrower may pay the lender or some third party. Interest is defined as the quantum of plutocrat paid for the use of someone differently plutocrat. An illustration of interest is the$ 20 that was earned this time on your savings regard. An illustration of interest is the$ 2000 you paid in interest this time on your home loan.
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Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
Financial Ratios show the relationship between two or more financial variables Group of answer choices True False
Answer:
true
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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a repo rate is a. an uncollateralized rate b. a rate where the credit risk is relative high c. the rate implicit in a transaction where securities are sold and bought back later at a higher price d. none of the above
A repo rate is one that is uncollateralized, has a high credit risk, is implicit in a deal where assets are sold and then later bought back at a higher price, or none of the above.
Explain Repo rate.The cost of borrowing money from the banking system by selling shares and promising to purchase them back later is known as a repo rate. The repo rate is often employed by central banks as a tool for monetary policy to affect borrowing costs and, as a result, regulate the amount of money available in an economy. The repo rate can be viewed in this way as the rate that is implied in a transaction when securities are sold and then later bought back at a higher price. The repo rate is typically a collateralized rate, which lowers the credit risk associated with the transaction by using the securities offered as collateral for the loan.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answer:
industry because here based the all the business in whole world
differentiate between primary and secondary wants
Answer:
Difference between primary needs and secondary needs: Primary needs: The primary needs are the basic requirements according to biological demands like oxygen for breathing, water for overcoming thirst, food for living and shelter. The secondary needs are the needs that remain even after the primary needs are satisfied
if you see someone waving as he or she drives away in a car, you are able to translate the movement into the specfic message of goodbye because that gesture is an
if you see someone waving as he or she drives away in a car, you are able to translate the movement into the specific message of goodbye because that gesture is an established social convention.
Waving goodbye is a universally recognized non-verbal cue that signifies parting or farewell. It has been ingrained in our cultural norms and is widely understood as a way to bid farewell or express good wishes when someone is leaving.
Over time, we have learned to associate the waving hand motion with the act of saying goodbye, allowing us to interpret the message without the need for explicit verbal communication. This non-verbal form of communication enables us to convey emotions, intentions, and social cues, making it an effective way to express farewell in a simple and universally understood manner.
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