...ANSWERS TO CONCEPT CHECKS, FINANCIAL PLANNING PROBLEMS | | |AND QUESTIONS, AND CASES | CONCEPT CHECK ANSWERS Concept Check 2-1 (p. 38) 1. What are the three major money management activities? The three major money management activities are (1) storing and maintaining financial records and documents, (2) creating personal financial statements, and (3) creating and implementing a budget. (p. 36) 2. What are the benefits of an organized system of financial records and documents? An organized system of financial records provides a basis for: (1) handling daily business activities, such as bill paying; (2) planning and measuring financial progress; (3) completing required tax reports; (4) making effective investment decisions; and (5) determining available resources for current and future spending. (pp. 36-37) 3. For each of the following records, check the column to indicate the length of time the item should be kept. “Short-time period refers” to less than five years. |Document |Short time period |Longer-time period | |Credit card statements |X | | |Mortgage documents | |X | |Receipts for furniture, clothing |X | ...
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...1. What is the "fourth wall" concept? The fourth wall concept is when the actor acts in his own room and the audience can watch passively because the rooms fourth wall is removed. 2. What were classical Greek choruses like? Describe these choruses. The classic greek choruses were people who would explain in short ideas what the actors were displaying. These greek choruses did not sing, as to the choruses we have today do. The greek performers did not display any act of violence so that what the choruses did. 3. Why should film and theater companies analyze information about the likes, dislikes, and habits of potential audience members? The reason why they should do this is because, if there is anything majorly wrong then the next time there is a theatrical performance those people who were offended or disliked the performance will not attend the next, and leave a bad review. So it is...
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...of your choice and answer the following questions to demonstrate your understanding of the following topics: 1. Compare and explain the societal marketing concept with production concept. Illustrate your answers and support your argument with reasons and local marketing examples. Societal marketing concept is the idea that a company should make good marketing decisions by considering consumer’s wants, the company’s requirements, consumer’s long- term interests and society’s long-run interests. This concept can help company to have more exchange relationship with the consumer and give more benefit for the consumer and the society. For example, Hung Fook Tong(鴻福堂) is the company that using the societal marketing concept. It is a traditional Chinese herbal tea shop. And it continuously develops and produces new products. People now focus on healthy lifestyle so Hung Fook Tong has no add preservatives and monosodium glutamate into their products. Also Hong Kong people is very busy, so Hung Fook Tong produces a lot of ready-made Chinese medicinal natural nourishing products e.g. Chinese herbal soup, Chinese herbal tea and other Chinese medicinal diet to convenience the consumers. Moreover Hung Fook Tong care the society and it organized different types of charitable activities and environmental protection activities e.g. charity walk and recycling of plastic bottles. So it can give more benefit for the consumer and the society. Production concept is the idea that...
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...Page 1 Word count: 2005Amy John3/1//14 Course code: OXFOR1A 13 Tutor: Jaswinda Challi “A personalised induction will always be more effective”. Discuss. Base your answers on theoretical concepts and techniques presented in class. In this essay I will discuss 'A personalised induction will always be more effective’ by looking at theoretical concepts and techniques. I will be looking at the permissive technique through the work of Erickson and will take a look at the use of authoritarian screeds through the work of Hull and Freud, who were known as more traditional hypnotherapists. I will also look at modalities as another technique in personalising inductions. This essay will argue, and conclude, that a personalised induction will be more effective. Whether a personalised induction will always be more effective can be somewhat debatable depending on the goals of the therapy. Introducing this essay, I will be agreeing with the topic on one level but will be disputing its frequency. Although this essay will also be looking at not personalising the induction the evidence for this is weak and only serves in strengthening the reasoning that personalising the induction is more effective. Personalising Inductions In today’s society modern professional hypnotists assess their clients and get an understanding of their goals and what they want to achieve from the therapy. Their expectations will be discussed with them throughout the process of the hypnosis answering...
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...“A personalised induction will always be more effective.” Discuss. Base your answer on theoretical concepts and techniques presented in class. | There are many different ways in which a hypnotic screed can be personalised to suit the individual that they are being tailored for; just as there are many different types of personalities and experiences to be taken into account when doing so. Because in hypnotherapy we are working with the clients subconscious mind we need to make sure that it is as accessible as is possible, and there are a number of ways of doing this. Hadley and Staudacher write that, “The language of an induction is designed to communicate opinions, thoughts, and feelings. It focuses your attention on yourself, your inner experiences, and your body. It helps you to become absorbed into the realm of imagination and to communicate below the level of consciousness.”[1] Much of the way that human beings communicate with each other is in ways other than the spoken word; body language, facial expressions,gestures, tone of voice and intonation and so on make up some of the non verbal ways of getting information across. In contrast to this during hypnosis the therapist has very few of the above techniques available; the client would usually have their eyes shut and so non verbal communications are not possible; it is solely about the voice, the words used and how they are used. It is because of this that some may believe that using a personalised screed...
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...Communicating with a person is done in a variety of ways. Some people believe it is what words are spoken that make up communication, however, this is far from being true. In fact, the words we speak generally only make up around 7% of our communication with others. The tone and the way it is being said comes in at 38% and body language comes top with a whopping 55%. Now during hypnosis, a clients eyes are generally shut, therefore body language is more often than not, inappropriate to use. It is also unlikely a therapist is going to use particularly exuberant or expressive tone of voice due to the process requiring relaxation. Therefore a therapist must be extremely selective with what they say to a client, in order to achieve the desired results. Many humans can appear to be the same. Some may look alike; have similar body shapes, similar physical characteristics, similar preferences or the same taste in things. In fact, it can be quite astonishing to learn just how unbelievably unique every single person is. Every person has their own likes, dislikes, opinions, preferences, outlooks and values that make them up to be an individual. Each person has been brought up with different families, cultures, religions and backgrounds. “A human being is a single being. Unique and unrepeatable” Dr. Alfred A Barrois considered this when attempting to determine the success rates of Hypnosis, and what made them more (or less) effective. He discovered the following: Home Study Self...
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...“One of the aims of the registration is to make title more secure and easily provable. It is supposed to set up a mirror of ownership. The mirror principle – or rather, aspiration – is hostile to interests that do not appear on the registered title. Like many systems registration has it’s own momentum; it tends towards tidiness and completeness and to the elimination, as far as possible, and of interests that a purchaser cannot discover from the register ”. Discuss and consider the extent to which the Land Registration Act 2002 meets the principles referred to in to in the quotation, including in your answer discussion of the extent to which pre-registration concepts such as notice might continue to persist in relation to difficult cases. In the following essay I shall discuss the above quotation. The Land Registration Act 2002 [1] came into force on the 13th October 2003. The Act completely repeals its predecessor the Land Registration Act 1925 [2], and presents a complete volte-face of how to organise the system of registered land in the UK. The LRA 2002 promotes a system of title by registration. The aims of the Act as set out in the Law Commission Report Number 271 are to create a register that is an accurate reflection of the true state of title to a registered estate of land at any time. The Act also aims to implement Electronic - Conveyancing, and to allow the state of title to be investigated with the minimum of additional enquiries and inspection [3]...
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...Did Cantina make the correct decision in regarding burritos as a new product concept for the Australian market place? What could Cantina have done differently to expand its market? Justify your answers. Cantina Burritos’ is a new introduced product in the Australian marketplace that launched its range of frozen burritos. Cantina has evidently made the correct decision in regarding burritos as a new product concept as it had a competitive advantage that ultimately transformed it into a new and exciting concept. This was done through the new development process such as idea generation and product development through extensive taste testing, to build a consumer base (Armstrong et al. 2010). However in justification to the correct decision, Cantina Burritos also could of done other things differently to help expand its market in the long run such as strategies involving the expansion of the product that would ultimately impact on the future strategy of its market. Cantina’s new product development process started with the assumption that frozen Mexican food was non-existent in Australia, therefore there was an instant opening in the new product category (Armstrong et al. 2010). Frozen and easily prepared foods complimented with the pies, pasties and sausage rolls market (Armstrong et al. 2010). Cantina therefore wanted to ensure that people related to and indentified with the product, and ensured it met various tastes and diets in order to prove the need for the new product...
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...Cross-Cultural psychology GE261 Assignment 2 Kwan Adams Read the scenario below, and then in a short paper (1-2 pages, typed, 12 point font, 1’’ margins) discuss and answer the following question thoroughly and thoughtfully, applying class concepts when possible: 1- What values of childrearing are represented by Lynn’s parenting of her son? (In other words, what parenting practices are considered acceptable in her culture and why? What is expected of children in her culture?) 2- How well do Lynn’s values of childrearing fit with the parenting values found in the United States? Be specific. 3- In your opinion, is it ever appropriate to interfere with someone else’s cultural practices? Why or why not? 4- Why do you think education and affluence serve to decrease physical punishment across cultures? Do you think that it is likely that Lynn will continue to use physical punishment while living here in the U.S.? Why or why not? As Lynn headed out to go shopping, she already knew her four-year-old son was in a bad mood. All that day he had been doing all that he could to frustrate her. First, he chose not to eat breakfast and then he spilled apple juice all over the carpet. He categorically refused to put on his red jacket and continuously tried to unbuckle his seatbelt in the car. Since they had arrived at the shopping mall, he had been whining continuously for 20 minutes and demanding they go to the toy store immediately. The mother’s patience finally ran out...
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...Marketing is used by for-profit and not-for-profit organizations. Answer: C Diff: 2 Page Ref: 2 and 4 Skill: Concept 2) According to the opening scenario, the Tide marketing team is MOST concerned about which of the following? A) maintaining its brand share B) fostering customers' emotional connections with their product C) advertising their product's benefits D) comparing the effectiveness of their product to other brands E) incorporating consumer-generated marketing in the marketing mix Answer: B 3) According to management guru Peter Drucker, "The aim of marketing is to ________." A) create customer value B) identify customer demands C) make selling unnecessary D) set realistic customer expectations E) sell products Answer: C Diff: 2 Page Ref: 5 Skill: Concept 4) ________ is defined as a social and managerial process by which individuals and organizations obtain what they need and want through value creation and exchange. A) Selling B) Advertising C) Bartering D) Marketing E) Negotiating Answer: D Diff: 2 Page Ref: 5 Skill: Concept 5) Which steps of the five-step marketing process are about understanding customers, creating customer value, and building strong customer relationships? A) the first two only B) the first three only C) the first four only D) the last three only E) the last four only Answer: C Diff: 2 Page Ref: 5 AACSB: Communication Skill: Concept 6) When marketers set low expectations for a market offering...
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...how it’s done” quality. d. standard middle section. ANSWER: b; DIFFICULTY: moderate; PAGE: 394; TYPE: concept 2. The basic purpose of informational reports is a. to persuade the audience to act. b. to present recommendations and conclusions. c. to present data, facts, feedback, and other types of information, without analysis or recommendations. d. to convince the reader of the soundness of your thinking. ANSWER: c; DIFFICULTY: easy; PAGE: 394; TYPE: concept 3. The best way to phrase the purpose statement of a report is with a. complex language. b. an infinitive phrase. c. a controversial statement. d. jargon. ANSWER: b; DIFFICULTY: moderate; PAGE: 396; TYPE: concept 4. Which of the following is the least clear statement of purpose? a. “The purpose of this report to determine which of four alternative investments will have the highest return.” b. “The purpose of this report is to analyze four potential investments.” c. “The purpose of this report is to answer the question, ‘Which of four investments will provide the highest return?’” d. “The goal of this report is to evaluate the return on four investments.” ANSWER: b; DIFFICULTY: moderate; PAGE: 396; TYPE: application 5. Which of the following is an infinitive phrase? a. updating clients b. update clients c. updated clients d. to update clients ANSWER: d; DIFFICULTY: moderate; PAGE: 396; TYPE: application ...
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...About 25 of the 92 natural elements are known to be essential to life. Which four of these 25 elements make up approximately 96% of living matter? A) carbon, sodium, chlorine, nitrogen B) carbon, sulfur, phosphorus, hydrogen C) oxygen, hydrogen, calcium, sodium D) carbon, hydrogen, nitrogen, oxygen E) carbon, oxygen, sulfur, calcium Answer: D Topic: Concept 2.1 Skill: Knowledge/Comprehension 2) Trace elements are those required by an organism in only minute quantities. Which of the following is a trace element that is required by humans and other vertebrates? A) nitrogen B) calcium C) iodine D) sodium E) phosphorus Answer: C Topic: Concept 2.1 Skill: Knowledge/Comprehension 3) Three or four of the following statements are true and correct. Which one, if any, is false? If all the statements are true, choose answer E. A) Carbon, hydrogen, oxygen, and nitrogen make up approximately 96% of living matter. B) The trace element iodine is required only in very small quantities by vertebrates. C) Virtually all organisms require the same elements in the same quantities. D) Iron is an example of an element needed by all organisms. E) All of the other statements are true and correct. Answer: C Topic: Concept 2.1 Skill: Knowledge/Comprehension 4) Which of the following statements is false? A) Atoms of the various elements differ in their number of subatomic particles. B) All atoms of a particular element have the same number of protons in their nuclei. C) The neutrons and protons present in th...
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...AAPOR (American Association for Public Opinion Research) E) CASRO (Council of American Survey Research Organizations) Answer: B Difficulty: Easy Objective: 1 Question type: Concept Course LO: Define the nature and role of marketing research 2) The marketing research industry has a certification program for marketing researchers, and this certification program is hosted by: A) American Marketing Association. B) Research Certification Board. C) Marketing Research Corporation. D) Marketing Research Association. E) Association of Specialized and Professional Accreditors. Answer: D Difficulty: Easy Objective: 1 Question type: Concept Course LO: Define the nature and role of marketing research 3) What did the Marketing Research Association do in 2005 that changed the credentialing of marketing research professionals? A) They brought a lawsuit against several practitioners who were not qualified to practice marketing research. B) They required all practitioners to take a test on qualitative research methods. C) They created the Professional Researcher Certification program. D) They required all AACSB accredited colleges to offer a course in marketing research. E) Nothing has been done; one of the problems the industry has is that there is no credentialing program. Answer: C Difficulty: Moderate Objective: 1 Question type: Concept Course LO: Define the nature and role of marketing research 4) Who, among the following, is given...
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...advertising are synonymous with marketing. D) Marketing involves satisfying customers' needs. E) Marketing is used by for-profit and not-for-profit organizations. Answer: C 2) According to the opening scenario, the Tide marketing team is MOST concerned about which of the following? A) maintaining its brand share B) fostering customers' emotional connections with their product C) advertising their product's benefits D) comparing the effectiveness of their product to other brands E) incorporating consumer-generated marketing in the marketing mix Answer: B 3) According to management guru Peter Drucker, "The aim of marketing is to ________." A) create customer value B) identify customer demands C) make selling unnecessary D) set realistic customer expectations E) sell products Answer: C 4) ________ is defined as a social and managerial process by which individuals and organizations obtain what they need and want through value creation and exchange. A) Selling B) Advertising C) Bartering D) Marketing E) Negotiating Answer: D 5) Which steps of the five-step marketing process are about understanding customers, creating customer value, and building strong customer relationships? A) the first two only B) the first three only C) the first four only D) the last three only E) the last four only Answer: C 6) According to the simple five-step model of the marketing process, a company needs to ________ before designing a customer-driven marketing strategy...
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...companies that are ________. A) pursuing a niche market B) selling technological goods C) pursuing a worldwide market D) marketing athletic equipment Answer: C Diff: 2 Skill: Concept Objective: 3 2) IBM is considering becoming a worldwide partner for the 2012 Olympics. Which of the following would IBM most likely receive as a result? A) free public relations B) low-cost marketing C) top athlete endorsements D) priority advertising space Answer: D Diff: 2 Skill: Application Objective: 3 3) Cities wishing to host the Olympic Games must do all of the following except ________. A) make facilities commitments B) develop a volunteer workforce C) generate organizational support D) build high-speed rail links between event cities Answer: D Diff: 2 Skill: Concept Objective: 3 4) Which of the following is the LEAST likely benefit to Olympic host cities? A) enhanced media sponsorship B) greater economic growth C) improved infrastructure D) increased tourism Answer: A Diff: 2 Skill: Concept Objective: 3 5) ________ consist(s) of business transactions between parties from more than one country. A) Currency exports B) International business C) Domestic business D) Global ventures Answer: B Diff: 1 Skill: Concept Objective: 1 Learning Outcome: Define the fundamental concepts of international business 6) As an experienced accounts manager for a U.S. firm, Tyrone has worked exclusively with other U.S. firms. However, his employer...
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