Previously, the employer might require the worker to sign a declaration saying they are not allowed to join a union as a condition of employment. National Education Association, if that's what it was (NEA).
The largest union in the country is the National Education Association (NEA). It is made up of teachers and other support staff from public schools, academic staff from colleges and universities, retired educators, and college students majoring in education.
National Education Association (NEA), an American voluntary organization of educators working in colleges, institutions, and elementary and secondary schools. It is the biggest professional association in the world. Washington, D.C. serves as its administrative center.
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on january 1, year 1, zeta corporation issues $100,000 of 8% bonds maturing in 10 years, when the market rate of interest is 9%. market interest rates drop to 7% by december 31, year 1. the company retires the bonds on december 31, year 1 by paying $106,595. the carrying value of the bonds as of this date is $93,920. the journal entry for retirement of the bonds will include a:
The journal entry for retirement of the bonds will include $106,595 , which is option a of the given question.
Write about a journal entry.A journal entry acts as a record of a commercial transaction in your company's books. In double-entry accounting, each transaction necessitates at least two journal entries. A bookkeeper tracks all the alterations that a transaction might make to a company by noting them in their diary.
What Exactly Is a Journal Entry in Accounting?Each journal entry contains the date, the amount to be credited and debited, a brief description of the transaction, the accounts involved, and other information relevant to a single business transaction. It might contain a list of the affected subsidiaries, tax data, and other information, depending on the business.
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Deborah has just gotten a request from a candle vendor. She is looking for a place to sell her newest holiday candles. What type of event might Deborah suggest the vendor take part in?
Question 1 options:
theater style meeting
forum
exposition
boardroom style meeting
Forum Events, an open forum for discussion in the public. For those who are interested in local history, the club offers a forum: a venue for open discourse or the presentation of views.
What is Holiday Season?The time from Thanksgiving to New Year's is usually referred to as the holiday season. In America, the conclusion of Thanksgiving day (informally) ushers in the holiday season. We are rapidly nearing Christmas, Kwanzaa, Hanukkah, and the new year. Building a solid connection between family and our community via holiday customs is crucial. They provide us a sense of belonging and a channel through which we can express our values. They support our family gatherings and strengthen our ties to the past.
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what is the pool of money that is collected from a $3 check-off on the federal income tax form that is available to presidential candidates for campaign expenses?
To participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states.
Moreover, under the Presidential Public Financing Program, eligible presidential candidates receive funds from the federal government to pay qualified expenses for their political campaigns in the primary and general elections.so thats whyTo participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states. Candidates must agree to use public funds only for campaign expenses and must adhere to spending limits.
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patents on drugs to treat aids were removed in south africa. how would the market for these drugs have been different if there had never been patents on drugs? the drugs would not have been developed. larger quantities of the drugs would have been produced. the drug prices would have been lower from the start. the drug prices would have been even higher.
The market for these drugs has been different if there had never been patents on drugs as the drugs would not have been developed.
A patent is a legal proper to an invention given to someone or entity without interference from others who want to duplicate, use, or sell it. Patents are granted by using governing government and have a time restriction, commonly 20 years.
There are 3 sorts of patents - software, design, and Plant. Utility patents can be granted to all of us who invent or discovers any new and useful manner, system, article of manufacture, or compositions of topics, or any new useful development thereof.
A patent gives you the right to stop others from copying, manufacturing, selling, or importing your invention without your permission. See defensive highbrow property. You get protection for a pre-decided length, permitting you to keep competition at bay. You can then use your invention yourself.
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true or false: assuming implicit costs are positive, each of the firms operating in this industry in the long run earns positive accounting profit.
False, assuming implicit costs are positive, each of the firms operating in this industry, in the long run, earns positive accounting profit.
industry: a collective of profitable businesses or establishments that create or provide products, services, or sources of income. industry are typically categorized in economics as primary, secondary, tertiary, and quaternary; secondary industries are additionally categorized as heavy and light. Obtaining raw materials involves primary industries like mining, agriculture, and fishing. A profit is an income that is given to the owner in an efficient market production process in accounting. The owner's primary interest in the income-formation process of market production is profit, which is a measure of profitability. Different profit metrics are frequently employed. The equation Total Revenue - Total Expenses = Profit makes calculating profit simple.
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true or false: when the customer has control over the goods or services, the transfer of goods or services is complete.
The statement is True. When the customer has control over the goods or services, the transfer of goods or services is complete.
Exquisite clients are Advocates. Exquisite customers, once they honestly are becoming awesome cost out of your product, come to be greater than simply satisfied. They do more than simply references. They come up with extra than simply high customer pride marks.
There are four key ideas of accurate customer service: it is personalized, competent, handy, and proactive. Those elements have the largest impact on the customer's enjoyment.
Client delight is described as a dimension that determines how satisfied clients are with a company's products, services, and skills. Client pleasure facts, including surveys and scores, can assist an organization to determine the way to excellent enhance or modify its services and products.
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find how much money should be deposited in a bank paying interest at the rate of 3.5%/year compounded quarterly so that at the end of 3 years, the accumulated amount will be $80,000. (round your answer to the nearest cent.)
Depositing $70190 in a bank that offers interest at a rate of 3.5% per year compounded quarterly will result in an accumulation of $80,000 after three years.
What is the formula for compound interest?Compound interest is the practice of adding interest to the principal of a loan or deposit. It is sometimes referred to as interest on principal and interest.
The future value of a loan or investment may be determined using the formula FV = P*(1+R/N)(N*T), where FV is the future value, P is the original principal, R is the annual interest rate, N is the number of times interest is compounded annually, and T is the amount of time in years.
In the given question.
Amount = $80,000
Interest= 3.5%
Time= 3 year
compounded quarterly
A = P [tex](1+ \frac{r}{4}) ^{4t}[/tex]
80,000= P [tex](1+ \frac{35}{4000}) ^{12}[/tex]
80,000= P [tex](\frac{4035}{4000}) ^{12}[/tex]
P= 80,000 x [tex](\frac{4000}{4035}) ^{12}[/tex]
P= 80,000 x [tex](0.99)^{12}[/tex]
P= $70190
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your coin collection contains 53 1952 silver dollars. if your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2063, assuming they appreciate at an annual rate of 4.4 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
6310.03 will be collection worth after retiring in 2063.
Considering the values given in the question,
P(Present value) = 53
r(Rate of interest) = 4.4%
n(Time period) = 111
A(Future value) = ?
We know that, Compound interest = P(1+r/100)^n
So, A = 53(1+4.4/100)^111
= 53*119.0571143
= 6310.03
Therefore, After retiring in 2063, the collection will be valued 6310.03.
The interest that is computed using both the principal and the interest that has accrued during the previous period is called compound interest. In contrast to simple interest, compound interest does not factor in the principal when calculating the interest for a subsequent period.
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kassie is a merchant who sells electronic equipment. adam is an electronics enthusiast who sells and buys parts for various electronic projects he is undertaking. according to article 2 of the uniform commercial code (ucc), which party has a higher standard of behavior?
According to article 2 of the uniform commercial code (ucc), Kassie's party has a higher standard of behavior.
What is Uniform Commercial Code?The Uniform Commercial Code (UCC) is a code of proposed commercial statutes adopted by all states as state law.
According to Article 2 of the Uniform Commercial Code, any written document signed by a merchant in which he promises to buy or sell goods is a firm offer that cannot be revoked.
Essentially, in order for an offer to be considered a firm offer, it needs to be in writing, it needs to be signed by the party, and most importantly, it needs to state a promise to perform a transaction.
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if i high tech firm wanted to set up operations in iran, what steps could it take to ensure that the subsidiary would not be expropriated? identify and describe three strategies that would be particularly helpful. how can you approach potential future changes in the political environment strategically? (ch.10)
This can entail finding a partner that depends on the parent company for crucial aspects of the business, like funding, research, and technology, so that there is no real motivation to keep the partner.
The company could, for example, find some Iranian allies in the area. The government would see the company more favorably as a result.
Additionally, by limiting the use of advanced technology, the company could make it less profitable for the Iranian government to seize its assets (since they would not have the option to copy any significant cutting edge advancements). The company may now create dependencies at last.
Project dependencies deal with managing and scheduling project tasks while taking their sequences and requirements into consideration. Task B will be referred to as dependent on Task A if it is necessary for Task A to be completed. This may seem easy now, but things can get complicated in projects with many interconnected tasks.Learn more about Dependencies, here
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has her age listed on her driver's license as being three years younger than it actually is. this is also how old she tells her insurance company she is. her insurance company has discovered she lied about her age. what provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age?
Misstatement of age is the provision of her life insurance contract which states that her benefits will be what her premium would have bought if she had been truthful about her age.
A life insurance policy is a contract with an insurance company. In exchange for regular payments, the company agrees to pay a lump sum to your beneficiaries if you die. The idea is to help your loved ones cover expenses like funeral costs and everyday living expenses if you're no longer around to provide for them.
It is important to make sure you understand the contract before you sign on the dotted line - there's no point in having life insurance if your beneficiaries won't actually receive the death benefit.
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dustin co. makes three products, a, b and c. they have a constrained resource - machine hours. there are only 16,913 machine hours available a month. the three products have the following data: abc selling price per unit6.0016.0011.00 variable cost per unit2.004.006.00 machine hours required245 demand for product in units 1,1834,0611,006 how much of product b should be produced?
4096 units of B should be produced.To have the biggest contribution margin, Product B should be produced initially at the highest demand.
The need for a specific product and who wants to buy it are described by market demand. How willing buyers are to pay a specific price for a specific commodity or service will determine this. Price rises as market demand does as well.
Price will decrease along with a decline in demand. The term "product demand" (also known as "market demand") refers to how much consumers desire a company's goods throughout a specific time frame. The amount of people looking for the product, their willingness to pay, and the quantity that is accessible for consumers to buy it are some of the variables that affect demand.
Market demand fluctuations happen throughout time as a result of regular trends like seasons or unanticipated external sources .
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The cost and value of inventory increase as materials move down the supply chain. One way operations and supply chain managers counteract the negative aspect of this fact is by.
The value and cost of stock growth as substances pass down the deliver chain. One manner operations and deliver chain managers counteract the poor factor of this truth is by Inventory pooling.
Inventory pooling refers to a firm's potential to serve a couple of markets–every with their personal unsure call for– from a unmarried inventory of stock. The exercise is regularly analyzed withinside the context of distinct, however closely. related, cases: region pooling and product pooling. Inventory pooling is a collaborative association wherein one-of-a-kind sellers percentage their inventories to lessen the whole stock value.
Risk Pooling entails the use of centralized stock as an alternative of. decentralized stock to take benefit of the truth that if. call for is better than common at a few retailers, it's miles probably to be. decrease than common at others. Pooling, additionally called deliver pooling , is composed in grouping items collectively from numerous commercial or industrial organizations throughout a customer's procurement process, dispatched both to at least one or numerous addresses, the use of optimised and consequently complete trucks.
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myca corporation has a project with the following cash flows. what is the value of the cash flows today assuming an annual interest rate of 9.1 percent? year cash flow 1 $ 1,640 2 2,030 3 2,325 4 2,335
Myca Corp. has a project with the following cash flows. The value of the cash flows today assuming an annual interest rate of 10.6 percent is $7,799.44.
What is cash flow?The flow of money into and out of an organisation is known as cash flow. Cash outflows are represented by cash inflows, and vice versa. The cash flow statement is a type of financial statement that details the sources and uses of a company's cash over time.
The quantity of cash entering and leaving your business over a specific time period is known as cash flow. Because it enables you to both meet your current financial obligations and make plans for the future, cash flow is crucial.
Net income and non-cash expenses should be added, followed by the change in working capital and capital expenditures, to determine free cash flow.
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which topic is generally covered in a negotiated labor-management agreement? group of answer choices management compensation grievance procedures management fringe benefits corporate pricing policy
In a normal negotiated labor-management agreement, topics like pay rates, work hours, employee benefits, and job rights and seniority are handled.
What are negotiations between labor and management called?Through collective bargaining, employees negotiate contracts with their employers to establish their terms of employment, including compensation, benefits, working conditions, hours, leave, workplace health and safety regulations, methods of juggling work and family obligations, and more.An approach to resolving issues at work is through collective bargaining. It is also the most effective way to increase wages in America.The right to collective bargaining is also recognised by international human rights conventions. The National Labor Relations Act of 1935 clarified the bargaining rights of the majority of other private-sector workers and established collective bargaining as the "policy of the United States."To Learn more About labor-management agreement refer to :
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which target market the Beetle’s makers and promoters were aiming at.
The target market for the new Beetle are people between 18-34 years old as well as baby boomers.
Who encouraged the Volkswagen Beetle's development?A review of a German success story in this article. The Volkswagen Beetle was created by two individuals, Adolf Hitler and Ferdinand Porsche, and it was a massive undertaking.
Therefore, the Segmentation of the New Beetle People who are "psychologically young," individualistic, self-assured, and nonconformist should be the New Beetle's target market.
According to research, prospective New Beetle drivers exhibited traits including self-assurance, independence, and a desire to command attention. They enjoyed driving and valued German engineering and spirited designs.
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Look up data on the current unemployment rate, inflation rate, and/or GDP growth rate. Based on your data, comment on the current state of the economy.
Visit the "U.S. Economy at a Glance" page of U.S. Bureau of Economic Analysis website (via bea.gov)Links to an external site. for the current data.
Post a brief paragraph responding to the discussion prompt above. Your post should use concepts presented in this module. Your post must be completed before you can see posts from your classmates.
Current dollar GDP increased 6.7 percent year on year, or $414.8 billion, to $25.66 trillion in the third quarter.
The national unemployment rate was 3.7 percent in October 2022.
What is unemployment rate?The unemployment rate is the proportion of workers in the labor force who are unemployed but actively looking for work. This measure excludes people who have not looked for work in the last four weeks.
Inflation is defined as an increase in the price of goods and services purchased by households. The rate of change in those prices is used to calculate it. Prices typically rise over time, but they can also fall (a situation called deflation).
The annual average rate of change in the gross domestic product (GDP) at market prices in constant local currency for a given national economy over a specified time period.
In this case, the percentages for the unemployment as well as the GDP of the United States is given above.
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harold is developing a tech startup. he wants to develop a strong organizational culture, a good marketing plan, and a coherent business strategy in order to attract investors and customers. what is the foundation for developing these strengths?
The correct answer is SWOT method of business development.
SWOT stands for Strength, Weakness, Opportunity, and Threats in its entire form. The SWOT analysis enables one to identify your competitive advantages, areas for business expansion, and weak points. One can use this simple tool to find out what possibilities and risks a business faces.
Harold pays close attention to the demands and pulse of the clients who want to learn how to surf. It is a necessary component of assessing the potential and the power of the clientele.
By contrasting the operational processes of other persons engaged in the same surfing business, Harold also keeps an eye on the weaknesses and threats.
Along with identifying the weakness, Harold must also demonstrate the threat by redesigning his business strategy, which shouldn't be overlooked by current clients who are considering using the services of business people.
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which candidate for the position of ceo provides the best opportunity for strategic change to occur within the firm?
Someone from outside the firm and outside the firm's industry candidate for the position of CEO provides the best opportunity for strategic change to occur within the firm.
What part does management play in a change in strategy?
Companies can implement necessary changes with care and responsibility through strategic change management. The process of managing change in an organized, deliberate manner in order to fulfill organizational goals, objectives, and missions is known as strategic change management.
Effective leaders carry out the routine duties involved in developing and implementing a strategy. They create a strategic vision and mission, establish goals and objectives, build the tactics, put them into action, and then assess the results
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the following table shows prices and quantities in the hypothetical economy of moneyville for two different items in two different years. assume these are the only two items produced in this economy. prices and output in a two-item economy good 1 good 2 year price output price output year 1 $5 50 10 25 year 2 9 40 15 10 instructions: enter your answers as a whole number. a. calculate nominal gdp for year 1 and year 2. year 1 nominal gdp: $ 500 year 2 nominal gdp: $ 510 nominal gdp increases between year 1 and year 2. b. calculate real gdp for year 1 and year 2 using year 1 as the base year. year 1 real gdp: $ year 2 real gdp: $ real gdp decreases between year 1 and year 2.
Assume these are the only two items produced in this economy.Real GDP redused between 1st year and 2nd year.
Nominal GDP year 1 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 1) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 1) = 8*30 + 11*20 = 240 + 220 = 460
Nominal GDP year 2 = Price (Good 1) (Year 2) x Quantity (Good 1) (Year 2) + Price (Good 2) (Year 2) x Quantity (Good 2) (Year 2) = 16*20 + 15*18 = 320 + 270 = 590
Hence nominal GDP increases between year 1 and year 2
Real GDP year 1 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 1) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 1) = 8*30 + 11*20 = 240 + 220 = 460
Real GDP year 2 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 2) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 2) = 8*20 + 11*18 = 160 + 198 = 358
Real GDP is redused between 1st year and 2nd year.
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which pair of events illustrates an accurate cause-and-effect relationship? question 33 options: sacco and vanzetti trial ratification of the woman suffrage movement red scare demand for limits on immigration rebirth of the kkk formation of the populist party high food prices start of the great depression
Events illustrates an accurate cause-and-effect relationship---Red Scare demand for limits on immigration
Option B is correct.
Why is cause and effect important?Understanding cause and effect helps scholars know what happened in the story as well as why it happened is important. It's also a precious life skill because this is how we learn to understand the consequences of our conduct. A cause is an action or event that happens and results in another event or action passing.
What changed in Great Depression?Lasting nearly 10 times( from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in artificial product and in costs( deflation), mass severance, banking panics, and sharp increases in rates of poverty and homelessness.
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What term means that both management and employees strive to meet common objectives?.
When both management and employees strive to meet common objectives, it's called mutual commitment.
To be able to do mutual commitment in a business or organization, both management and employees need to appreciate each others' work and roles. It occurs as a part of the reciprocal process in a business or organization where the focus is on others before self. There are some things that must be taken care of to create mutual commitment:
Make sure that people are valued through meaningful work.Develop a sense of belonging for each member. Align objectives and goals, both personal and corporate, to achieve shared mutual commitments.Learn more about mutual commitment at https://brainly.com/question/14104754
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what is added to the variable selling and administrative expenses to get the total selling and administrative expenses? multiple choice question. non-cash selling and administrative expenses direct materials merchandise purchases fixed selling and administrative expenses
D) Fixed selling & administrative expenses is added to the variable selling and administrative expenses to get the total selling and administrative expenses.
Selling, General & Administrative (SG&A) costs are any ongoing business expenses that are not related to the creation of products or the provision of services.
Rent, payroll, marketing and advertising charges, and distribution fees are examples of typical SG&A costs. Companies can lower overhead expenses and boost profitability by analyzing SG&A.
There are numerous SG&A line items that are fixed expenditures that must be covered regardless of output or sales volumes, including rent and basic salary. Other SG&A expenses, such distribution costs, are cyclical and often shift in response to changes in sales volumes.
Others may still be semi-variable, such as base fees plus an extra cost component whose value changes depending on consumption. A typical illustration of a semi-variable cost is a utility bill.
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carol had considered buying a 2015 raddo car. while researching the car before she bought it, she came across a magazine article claiming that the car's brakes were prone to failure. carol was motivated to pay attention to the article because of the information's:
Carol was motivated to pay attention to the article because of the information's perceived safety risk.
Adjective. "motivating." /mtvet/ us. able to inspire a person's enthusiasm for a task: An inspiring manager understands how to support others in taking action.
motivate is more about giving people reasons to act, whereas inspiration is more about a person reaching a point of wanting to act. That is the distinction between babysitting and empowering, motivating or swaying, starting a fire and putting it out. Both inspiration and motivate are required. Any member of a class of specific words used with noun phrases to indicate the identity of the noun phrase referents is considered an article. Articles as a category make up a part of speech. Both "the" and "a(n)" are articles in the English language, which join with nouns to create noun phrases.
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for which of the following types of audiences should you avoid a question-and-answer period at the end of a presentation?
For hostile types of audiences should you avoid a question-and-answer period at the end of a presentation?
A donation conveys information from a speaker to followership. donations are generally demonstrations, preface, lectures, or speeches meant to inform, convert, inspire, motivate, make goodwill, or present a new idea/ product. donations generally bear medication, association, event planning, jotting, use of visual aids, dealing with stress, and answering questions.
“ The crucial rudiments of a donation consists of the presenter, followership, communication, response, and system to deliver a speech for organizational success in an effective manner. ” donations are extensively used in tertiary work settings similar to accountants giving a detailed report of company's financials or an entrepreneur pitching their adventure idea to investors. The term can also be used for a formal or ritualized preface or immolation, as with the donation of an ingenue.
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Supply chain management describes the coordination of all supply chain activities, starting with _______ and ending with _______.
Supply chain management describes the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer.
In the field of business, supply chain management can be described as a management process through which the raw materials required for making a product are converted into a finalized product that satisfies the customers.
Supply chain management includes a proper assessment of all the steps that are required for converting raw materials into finalized products. If the processes of making a product are not managed or coordinated then several mistakes can arise in the making of the product risking the quality of the product.
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In the context of a contract, ______ is the legal ability to enter into a binding agreement.
In the context of a contract, Contraual capacity is the legal ability to enter into a binding agreement
For a contract to be legally binding, everyone who signs it must be "legally competent." Contractual capacity is a legal term that refers to the minimum mental capacity required to enter into a contract. In other words, an incapacitated person is assumed not to know what she is doing, and a contract can be "voided" or cancelled.
Law recognizes her three categories of incapacitated persons. If someone in these categories enters into a contract, the contract may be considered "void". This protects incompetent parties from being forced into a deal based on their lack of skill.
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when determining levels of equity, individuals will often compare their input/output ratio with that of a comparison person. that person is labeled the
The determining levels of equity, individual will often compare their input/output ratio with that of a comparison person is referent
The person, thing, or idea that a word or expression designates, stands for, or refers to is known in English grammar as a referent (REF-ER-UNT). For instance, the term door in the sentence "The black door is open" refers to a specific black door, which is a real thing. Relates to or is referred to. particularly: what a symbol (such as a phrase or sign) denotes
The four levels of measurement, which can be ranked from low to high, are as follows: Nominal: The data can only be categorized. Ordinal: The information is classifiable and rank. Data can be evenly spaced, classified, and rated. Interval
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in a given year, suppose the nominal gdp growth rate is 7 percent, the inflation rate is 2 percent, and the population growth rate is 1.2 percent. what is the real gdp per capita growth rate?
According to the given information, the real GDP per capita growth rate is 3.8%
Growth rate of (AB) = Growth rate of A + Growth rate of B. —— (1)
Growth rate of (A/B) = Growth rate of A - Growth rate of B. —-- (2)
Nominal GDP divided by price level yields real GDP.
Real GDP/population = Nominal GDP/(Price Level × Population) = Real GDP
per capita
Real GDP per capita = Real GDP/population = Nominal GDP/ (Price
level × Population)
Using the formulas (1) and (2) above, we obtain:
Growth rate of (Real GDP per capita) = Growth rate of (Nominal GDP) -
Growth rate of (Price) - Growth
rate of population
Inflation rate = Growth rate of (Price)
Growth rate of (Real GDP per capita) = 7% - 2% - 1.2%.
= 3.8%
The real economic growth rate, also known as the real GDP growth rate, calculates economic growth over time as expressed by gross domestic product (GDP), after taking inflation or deflation into account. In other words, it illustrates changes in the value of all goods and services produced by an economy—the nation's economic output—while taking price variations into account.Learn more about Real GDP, here
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how could a government reduce inflationary pressures within an economy? select all that apply: increase taxes reduce taxes increase government spending reduce government spending
The correct answer is increase taxes and reduce government spending.
One strategy for managing inflation is to implement a contractionary monetary policy. By lowering the bond prices and raising interest rates, a contractionary policy aims to reduce the amount of money available in an economy. As a result of which the prices drop, inflation slows, and consumption declines.
If the government spends more, more economic activity results, which generates income that cascades through the economy in cycles of new spending and income.
If the government were to reduce expenditure, there would be no new revenue earned by the government, which would leave businesses and employees with less money to spend and cause a smaller economic impact.
People pay a larger percentage of their income in taxes if the government raises the income tax rate, which leaves them with less money to spend on goods and services.
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