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Questions in business

📝 Answered - Sammy makes $2,362/month as a baseball coach. He is making a budget and has created the following chart in order to divide his monthly paycheck into his various accounts: | Expense type | Frequency | Account | Monthly amount | Items | | :--------------------- | :-------- | :--------------- | :------------- | :------------------------------------------------------------------------ | | Essential (fixed) | Monthly | Checking | $1,292 | Rent, car, insurance | | Essential (variable) | Monthly | Checking | $420 | Basic groceries, telephone, electricity, cable TV, batting practice | | Non-essential | Monthly | Cash | $260 | Snack items, restaurants, gifts, movies | | Other (predictable) | Annual | Savings | $130 | Health exams, clothing, food, baseball coach magazine | | Other (unpredictable) | Annual | Emergency savings | $210 | Non-insured healthcare, repairs, and income replacement | | Other (long-term) | 5 years | Vacation savings | $50 | Vacation | | Total | | | $2,362 | | Sammy makes monthly deposits from each paycheck into the various accounts and then spends from those accounts.

📝 Answered - What type of insurance is usually purchased in connection with a mortgage loan? A. Level term. B. Whole life. C. Universal life. D. Decreasing term.

📝 Answered - Which of the following statements best explains why relying solely on profit and legality is no longer sufficient for ethical decision making in business? A. It ignores tax implications of ethical behavior. B. It can lead to legal action, reputational harm, and stakeholder distrust. C. It allows companies to maximize short-term shareholder value. D. It only satisfies internal stakeholders

📝 Answered - Describe and process factors involved in decision making. Communication is the bloodstream of an organization. Discuss how self-aware skill helps in marketing affairs. Identify the main causes of conflict in public affairs.

📝 Answered - Jolene is an accounting supervisor at Ross Property Management. She instructs her subordinate, Mariana, to make certain accounting entries in the company's books that will increase revenue by a material amount. Based on her research, Mariana believes that recognizing revenue in this way would be premature and not consistent with GAAP. What should Mariana do next, according to the AICPA Code of Professional Conduct? A. Discuss her concerns with Jolene's boss. B. Report the matter to the board of directors. C. Resign her position quietly. D. Discuss her findings with Jolene.

📝 Answered - What is a best practice for crafting a message to be delivered to a group of people? A. Focus on all the audience characteristics, even those that seem irrelevant. B. If you focus only on the audience characteristics that matter for your current topic, you will not reach. C. Consider the economic, cultural, or situational differences that may affect subgroups. D. Treat the audience as one cohesive group rather than a collection of subgroups.

📝 Answered - Sales tax amounts are generally established by which of the following? A. State and local rates B. Federal and state rates C. Federal and local rates D. Business and federal rates

📝 Answered - A document that protects against hidden risks, such as forgeries and loss due to defects in the title, is subject to which of the following? A) a chain of title B) a title insurance policy C) a certificate of title D) an abstract of title

📝 Answered - Which policy covering two or more individuals terminates after paying benefits only? A. Family policy. B. Joint life policy. C. Survivorship life policy. D. Limited payment whole life policy.

📝 Answered - What type of insurance should be purchased to cover the expense of custodial nursing home? A. Long-term care. B. Medicare supplement. C. Long-term disability. D. Workers' compensation.