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katrin [286]
2 years ago
6

Magnet Dot, a printer manufacturing company, set up a website to enable its customers to place orders online. It also set up an

intranet website to enable its employees to convey order and shipping information to the relevant departments within the firm. However, to ensure an effective and smooth exchange of information, Magnet Dot has to pay $100,000 annually for fast Internet access. In this scenario, the cost that Magnet Dot incurs is an example of _____.
Business
1 answer:
sineoko [7]2 years ago
3 0

Answer:

communication costs

Explanation:

Communication is critical for the success of a business. If the communication cost is high, then communication can become a hindrance to the success of business success. The costs associated with communication include fixed telephone, mobile phones cost, and internet access. Travel and venue cost that facilitates face-face meeting also adds to communication costs.

Businesses are embracing modern technology to cut down on their communication cost. Technology has increased the flow of internal and external communication. Magnet Dot is likely to grow as a business as customers can order for products over the internet.

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President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio
dsp73

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Discuss failures of individuals of the company

b) Establish performance standards as a group

c) Measure, evaluate and take corrective action

d) Correct employees' actions by berating and celebrating

e) Cross-train employees

And the correct answer is the option C: measure, evaluate and take corrective action.

Explanation:

To begin with, when it comes to terms of control regarding the inside structure of an organization, the managers use different processes and techniques to take on that job of controlling the employes of the company in order to see how everything is going. In the case of Chris Zane, as he wants to do a control every week, then he is absolutely interesting in evaluating and measuring the improvements of every one inside the business so in that way he can take action in time to correct something if it is not going as planned. And that is the main reason why he would use a controlling process where he needs to have everything going as planned.

3 0
2 years ago
Paxton Co. signed contracts for the purchase of raw materials to be executed the following year at a firm price of $5 million. T
arlik [135]

Answer:

Accrued Loss on Purchase Commitments $2,000,000

Explanation:

December 31, (recognition of loss on purchase commitments)

  • Dr Loss on Purchase Commitments account 2,000,000
  • Cr Accrued Loss on Purchase Commitments account 2,000,000

Since the price of raw materials lowered by 2,000,000, the company lost money on its purchase commitments:

Purchase commitments loss = contracted price - market value = $5,000,000 - $3,000,000 = $2,000,000

The loss on purchase commitments is an expense, and accrued loss on purchase commitments is a liability.

6 0
2 years ago
Despite having sufficient snow, a local ski mountain has decided to close in early march for the end of the ski season. what is
RSB [31]
<span>Most Ski resorts will try to extend the ski season as long as possible. This is because they are only going to earn money if they are open for business. In this case, the ski mountain is closing early in March instead of waiting until a more traditional time of year, probably late spring. While there may be a few reasons why the ski mountain might chose to close early even though there is sufficient snow this year, it is likely that this is a financial decision. If the ski mountain is not able to turn a profit, that is the most likely reason they will shut down early. If it is costing more to the keep the resort open then they can earn by staying open a few more weeks, then it would make sence to just shut down early.</span>
7 0
2 years ago
Suppose your friend tells you that he recently purchased a particular product for $1000 but that the product was "priceless." al
Alchen [17]
I dont know the question
3 0
2 years ago
Which of the following is not a feature or characteristic of subscription monitoring tools? Select one: a. Most moderate and hig
Crazy boy [7]

Answer:

a. Most moderate and high-end monitoring services rely on an advertising business model similar to Google and offer their services for free.

Explanation:

Subscription management tools are employed by businesses to monitor the transaction activities of customers on their business pages. The software needed for this monitoring is provided by companies who charge some fees for their plans, especially, the most comprehensive plans.

Some services they render could be sales analytics, payment management, upgrade, and downgrade of plans. Also, search engine optimization makes the brand visible to customers who use social media. The tone of conversations can also be measured as positive, negative, or neutral with the aid of these monitoring tools.

4 0
2 years ago
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