A business report writer should always carefully document report data for four reasons. List and explain these reasons. Then describe five types of information that must be documented
Four reasons for documenting data:
1 ) To strengthen your argument: Including good data from reputable sources will convince readers of your credibility and the logic of your reasoning.
2 ) To protect yourself against charges of plagiarism: Acknowledging your sources keeps you honest. Plagiarism, which is illegal and unethical, is the act of using others' ideas without proper documentation.
3 ) To instruct the reader: Citing references enables readers to pursue a topic further and to make use of the information themselves.
4 )
To save time: The world of business moves so quickly that words and ideas must often be borrowed-which is very acceptable when you give credit to your sources.
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Types of information to document:
1 ) Another person's ideas, opinions, examples, or theories
2 ) Any facts, statistics, graphs, and drawings that are not common knowledge
3 ) Quotations of another's actual spoken or written words
4 ) Paraphrases of another person's spoken or written words
5 ) Visuals, images, and any kind of electronic media
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Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Container RefurbishedRevenue $5,400Employee salaries and wages$58,300 $1,000Refurbishing materials $700Other expenses$31,200 When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.The amount shown for total expenses in the planning budget for March would have been closest to:
A. $128,600 B. $133,700 C. $143,226 D. $126,700
Which of the following is an example of a relationship strategy salespeople for XFormation could use?
A) Use mirroring and other subtle methods to create rapport and a good relationship with the customer so the customer ultimately buys. B) Understand all the training products they sell and how to customize a package for the customer. C) Examine how they can add value for customers so the customers will continue to contract with XFormation on a long-term basis. D) Give a presentation to the customer after planning out the objectives carefully ahead of time. E) Understand the customer's needs and what and how they need to buy.
The owner of an amusement park has decided to open a second entry booth and hire another employee to service customers entering the park. Customers arrive at the rate of 20 per hour and will wait in a single line until one of the two employees is available to provide service. The average service time of both employees is 2 minutes to provide service. The arrival rate follows Poisson distribution, and the service time follows a negative exponential distribution. Determine the average time the customer spends in the system.
a. 2.25 minutes b. 3 minutes c. 0.25 minutes d. 1 minute
Net Income:
A. Equals assets minus liabilities. B. Represents stockholders' claims against assets. C. Represents the amount of assets stockholders put into a business. D. Is the excess of revenues over expenses. E. Decreases equity.