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luda_lava [24]
1 year ago
6

"The ability to execute a timely response to a crisis will determine your company’s ability to recover from that crisis. If each

individual is prepared and familiar with his or her role, there will be fewer careless and costly mistakes in the event of an actual crisis. Consequently, in order to be prepared, your company’s crisis team should practice drills and revise the company’s crisis management plan annually. Additionally, each member of the crisis team should receive annual training in crisis management."
Business
1 answer:
miskamm [114]1 year ago
8 0

Answer:

Which includes: (1) pre crisis (2)crisis event or response  (3) post crisis

Explanation:

We should understand that these are the three stage model of crisis management that provides the foundation.

For further clarity, let us analyse the there outline fundamentals of crisis management.

Pre crisis: This can be described as the realities or events that took place before the current crises. They are mostly what sets the benchmark for the design of the process of how best to deal with a crises during the crises event or response and post crises.

Crises event : A crisis event can be described as an ongoing or expected occurrence or event that has the potential of causing or leading to a ore complex and unstable situation such as a riot consequentially affecting  individual, group, community, or a whole society.

Post crisis : This can be described as the ripple effect, circumstances or the after effect of a crisis event. We should note that the term crisis are mostly associated with negativity thus the after effect are usually not positive.

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On December 31, 2018, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
Vadim26 [7]

Answer:

December 31, 2018, bonds are issued

Dr Cash 461,795

    Cr Bonds payable 450,000

    Cr Premium on bonds payable 11,795

amortization expense per coupon = $11,795 / 6 coupon payments = $1,965.83

June 30, 2019, first coupon payment

Dr interest expense 18,284.17

Dr Premium on bonds payable 1,965.83

    Cr Cash 20,250

The amortization of the premium on bonds payable decreases the interest expense.

7 0
1 year ago
Golden Manufacturing Company started operations by acquiring $150,000 cash from the issue of common stock. On January 1, Year 1,
NISA [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
1 year ago
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit
Bas_tet [7]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity is used to measure the change in demand as a result of a change in price.

Formula is;

= % change in Quantity/ % change in Price

a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4

= -0.5/0.4

= -1.25

b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4

= 0.5/-0.4

= -1.25

7 0
1 year ago
Tom’s Tent Company has total fixed costs of $300,000 per year. The firm's average variable cost is $80 for 10,000 tents. At that
Ghella [55]

Answer:

The firm average total cost is $110

correct option is  d. $110

Explanation:

given data

total fixed costs = $300,000 per year

average variable cost = $80

tents = 10,000

to find out

we know that average total costs is sum of average fixed cost and average variable cost    .........................1

here

Average fixed cost = total fixed cost ÷  number of unit output

Average fixed cost = \frac{300,000}{10,000}

Average fixed cost = $30

so

average total costs = Average fixed cost  + average variable cost

average total costs = $30 + $80

average total costs = $110

correct option is  d. $110

8 0
2 years ago
Present three examples that illustrate how all decisions involve trade-offs
satela [25.4K]
It is probably safe to say that most if not all decisions involve trade-offs. For example a person may be offered a job that pays well but requires 7 days per week for a month and while this is good for a younger person with no other commitments it may not work for an older person with his own family commitments and other projects. Another decision could be that for support, a husband decides to not take on major time consuming projects while his wife is doing intensive studying to become certified in a field of her choosing  so that he can support her. Another example is that when one cannot drive one's son with a disability to a beach to swim because it is too far and uses too much car gas, the money saved on gas some of it could be spent on his groceries.
7 0
2 years ago
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