Lindsay should consider doing the following to obtain a career and benefits is go to a community college and obtain an associate's degree.
What is a community college?One kind of academic setting is a community college. Depending on the country, the phrase may have a varied connotation: students who have completed high school can enroll in various community colleges "openly" (also known as senior secondary school or upper secondary school). The phrase often refers to an institution of higher learning that offers academic programs for college transfer as well as workforce education. Similar to universities, some schools still have athletic teams and dorms. Over time, TAFEs' and colleges' educational offerings have altered. The community's demand for computer instruction had been acknowledged by many colleges by the 1980s. Through IT classes, many of individuals have since improved their skills. By the 20th century's end, the vast majority of colleges had also changed their status to Registered Training Organizations.
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multiple select question select all that apply which of the following business expenses are disallowed or limited for tax purposes? (check all that apply.) multiple select question. rent expense advertising expenses political contributions bribes and kickbacks lobbying expenses interest expense paid on loans to purchase automobiles owned and used by the business entertainment expense interest expense paid on loans to purchase tax-exempt securities
The following business expenses are disallowed or limited for tax purposes are Entertainment expense, Political contributions, Lobbying expenses, Interest expense paid on loans to purchase tax-exempt securities, Bribes and kickbacks.
An investment in which the income generated is not subject to local, state, or federal taxes is known as a tax-exempt security. Municipal bonds, which are obligations of a state, territory, or municipality, are the most common type of tax-exempt securities. Federal income taxes may not apply to the interest on U.S. Savings Bonds for some investors.
Federal tax isn't applied to income from securities that are tax-exempt, including dividends and interest. A tax-exempt security might not be subject to any taxes at all, depending on the investor's location. On general obligation bonds issued by his or her home state, an in-state resident typically receives a state and federal tax exemption.
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it takes the blacksburg shipyard twenty weeks with 200 workers to build an airplane. material costs are $15 million and overhead costs are $1.5 million. workers cost $35 per hour including benefits and work 40 hours per week. each airplane sells for $50 million. what is the multifactor productivity ratio? group of answer choices less than 1.0 greater than 2.0 but less than or equal to 3.0 greater than 1.0 but less than or equal to 2.0 greater than 3.0
C) The preferred value is more than 1.0 but less than or equal to 2.0.
A multifactor productivity is what?A measure of economic performance known as multifactor productivity (MFP) contrasts the quantity of output and the quantity of all the inputs used to produce that output. Combinations of inputs may include labor, money, energy, supplies, and services that have been purchased.
Calculation:
Given:
Weeks (W) = 20
Number of workers (N) = 200
Material costs (MC) = $15 million
Overhead costs (OC) = $1.5 million
Workers' cost per hour (WC) = $35
Hours per week (H) = 40
The selling price of the ship (SP) = is $50 million.
Now,
Labour Costs = Workers Costs Per Hours × Hours Per Week × Weeks × Number of Workers Labor Costs
= 35 × 40 × 20 × 200 Labour Costs
= $56,00,000
Now,
Multifactor Productivity Ratio = Value of Input (Material Costs + Labor Costs + Overhead Costs) / Value of Output(Selling Price of Ship)
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{15,000,000+56,00,000+15,00,000}[/tex]
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{2,21,00,000}[/tex]
Multifactor Productivity Ratio = 2.26
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How is the development of public goods instrumental in have a
mixed economic structure?
What are some public goods offered within the American
free enterprise system?
The development of public goods is instrumental in having a mixed economic structure as a mixed economy features many of the desirable qualities of both capitalism and socialism.
Governments in the mixed economies tend to provide public goods as it simultaneously allows the government in order to intervene in some economic activities and as well as the industries. Thus, through providing public goods and also collecting taxes, the government creates more social welfare.
The U.S. economy is known as a free enterprise system. Which means that the individuals here and not the government own most of the country's resources.
Hence, in free enterprise system supply and demand determine how the resources are used.
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the manager of a publishing company plans to give a $20,000 bonus to the top 15 percent, $10,000 to the next 30 percent, and $5,000 to the next 10 percent of sales representatives. if the publishing company has a total of 200 sales representatives, what is the expected bonus that the company will pay?
We can often find expected values for probabilistic events, like the expected value of making a number of uncertain investments.
However, we can also find expected values for less uncertain expectations, like the amount of money a company plans to pay sales representatives in bonuses.
30 people comprise the top 15% of 200 sales representatives. A subtotal of 30 times $20,000 equals $600,000, with a bonus of $20,000 for each of these.
How does Expected Value work?
A random variable's long-run average value is the expected value, which can also be referred to as EV, expectation, average, or mean value. The probability-weighted average of all possible values is also shown. The concept of expected value is frequently used in finance.
How is the expected value determined?
Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
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why does arbitrage pricing theory predict that all securities should lie on the security market line (sml)?
Arbitrage pricing theory predict that all securities should lie on the security market line (sml) because they produce a better return for a given level of risk (beta) than those below it.
What is arbitrage pricing theory?
The arbitrage pricing theory (APT) is a multi-factor asset pricing model used in finance that connects different macro-economic (systematic) risk indicators to the cost of financial assets. It was first suggested by economist Stephen Ross in 1976 and is generally regarded as a more effective replacement for its predecessor, the Capital Asset Pricing Model (CAPM). APT is based on the law of one price, which contends that rational investors would engage in arbitrage in an equilibrium market so that the equilibrium price eventually materializes.
Since each element's sensitivity is represented by a factor-specific beta coefficient or factor loading, APT contends that after arbitrage opportunities are exhausted in a particular period, the expected return of an asset is a linear function of multiple factors or theoretical market indices. As a result, it gives traders a hint as to the "real" asset value and makes it possible to use arbitrage to take advantage of market anomalies. The linear factor model structure of the APT serves as the foundation for assessing asset allocation, managed fund performance, and cost of capital calculations.
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when using a weighted-criteria evaluation system with five or more categories, suppliers should be ranked based on their score in only the two highest weighted categories. when using a weighted-criteria evaluation system with five or more categories, suppliers should be ranked based on their score in only the two highest weighted categories. true false
When using a weighted-criteria evaluation system with five or more categories, suppliers should be ranked based on their score in only the two highest weighted categories. when using a weighted-criteria evaluation system with five or more categories, suppliers should be ranked based on their score in only the two highest weighted categories. The given statement is false.
A decision-making tool that evaluates potential options against some strong factors is called a weighted criteria matrix. Deciding between optional solutions and selecting the most common and striking software application to purchase. The weighted scores can be calculated by multiplying the weight for each criterion by its score and adding the resulting values.
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drake machinery has 8.2% annual coupon bonds outstanding with a current market price of $932. the yield to maturity is 9.5 percent and the face value is $1,000. how many years is it until these bonds mature?
In bond markets, the term "yield to maturity" (YTM) refers to the expected total rate of return for a bond when all of its future interest payments have been made and the principal has been repaid.
However, unlike bonds with a coupon rate, zero-coupon bonds (z-bonds) do not have recurring interest payments, which makes them different from YTM calculations.
Yield to maturity is an important consideration because z-bonds are a common type of debt issued by certain organizations, including some U.S. Treasury securities. Z-bonds typically mature at face value after being issued at a discount in the market rather than paying coupons. How to estimate the YTM of a bond that does not pay regular interest is the topic of this article.
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a worksheet is a a. part of the general ledger b. permanent accounting record c. required part of the accounting cycle d. device used in preparing financial statements
D) A worksheet is a tool utilized in making ready economic statements.
What's a worksheet?A worksheet, withinside the word's unique meaning, is a sheet of paper on which one plays paintings. They are available in many forms, maximum typically related to kids' college painting assignments, tax forms, and accounting or different commercial enterprise environments. Software is an increasing number of taking up the paper-primarily based totally worksheet.
It may be a broadcast web page that a baby completes with a writing instrument. No different substances are needed. It is "a sheet of paper on which paintings schedules, operating time, unique instructions, etc. are recorded.
A piece or scrap of paper on which problems, ideas, or the like, are set down withinside the tentative form." In accounting, a worksheet is, or was, a sheet of dominated paper with rows and columns on which an accountant should file data or carry out calculations. These are frequently known as columnar pads and are normally green-tinted.
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frank and laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. frank and laura's role is that of a(n) . a.) controller b.) shareholder c.) auditor d.) investor
Frank and Laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. Frank and Laura's role is that of an investor.
A client investor is an individual or organization that is dedicated to provide capital to a business in exchange for financial gain. Client investors typically seek opportunities with a high potential return on investment, and they are often willing to take on more risk than other types of investors.
An investors often work closely with the businesses they invest in, their role is to provide advice and guidance on a variety of topics, from strategic planning to day-to-day operations.
Hence, the correct option is (D) Investor.
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when critical path activities can be completed in parallel rather than sequentially, it is called .
Critical path activities can be completed in parallel rather than sequentially, it is called Assigning professionals full time to a project.
Project crashing is applied in important situations that require a fast and large extrude to a mission's important course. A important course is the roadmap of duties which is probably relying on each distinct and bring about mission completion. If one item gets delayed, the rest of the course does too. Fast tracking consists of the general overall performance of sports activities in parallel, at the same time as crashing consists of the addition of property to a mission. In fast tracking, there is progressed risk, at the same time as in crashing, there is progressed cost.
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what is the name of a single insurance policy that is used to provide coverage for all project participants?
A controlled insurance program is a kind of insurance coverage that enables various parties engaged in a single project to collaborate under a single policy.
What is a life insurance policy with a single premium?
One payment can fund the entire amount of a single premium life insurance (SPL) policy. In exchange, you get a death benefit that is certain until your passing. Permanent life insurance that only requires one premium has a growing cash value that can be used as collateral for loans.
The construction sector frequently makes use of controlled insurance schemes as a kind of insurance. Every entity involved in the project benefits from CIPs because they help to lower risk and save money.
Therefore, a single insurance policy is used to cover every project participant and its name is Owner-Controlled Insurance.
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the first apple iphone was introduced in 2007 at an initial price of $600. people waited in line overnight so they could be one of the first to own this unique smartphone. which pricing strategy did apple use to help recoup its costs for developing the smartphone?
The first apple iPhone was introduced in 2007 at an initial price of $600. skimming pricing strategy did apple use to help recoup its costs for developing the smartphone.
A strategy explains how the means will be used to accomplish the ends (goals). As an organization competes or adapts to its environment, strategy may be intentional or develop as a pattern of behavior. Strategic planning and strategic thinking are among the tasks involved. A smartphone is a portable computer that combines computing power and a mobile phone into one device. Early smartphones were primarily targeted at the business sector and attempted to combine the functionality of standalone personal digital assistants (PDA) with cellular telephony support. However, these devices were constrained by their bulky design, short battery life, slow analog cellular networks, and the infancy of wireless data services.
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which of the following is shown on the income statement of both merchandising and service companies? a. gross profit b. operating expenses c. cost of goods sold d. sales revenues
Operating expenses is the income statement of both merchandising and service companies.
Where are the Operating expenses ?A company's operating expenses are listed below the line on the income statement. They may be divided into several line items for various categories of expenses, or they may be reported as a single line item occasionally.
An continuing cost for maintaining a system, a business, or a product is known as an operating expense, operating expenditure, operational expenditure, operational expenditure, or opex. The cost of developing or providing non-consumable pieces for the product or system is its counterpart, a capital expenditure.
The costs of doing business are known as operating expenses, commonly referred to as selling, general, and administrative expenses (SG&A). Rent and utilities, sales and accountancy, marketing and advertising, and management and administrative wages are among them.
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what arethe bankruptcy abuse prevention and consumer protection act of 2005 requires both petition counseling.
To deter people from pursuing bankruptcy by making filing for it more difficult and expensive, as well as less financially advantageous.
After much debate, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was approved by Congress in 2005. The new law was created to discourage people from filing for bankruptcy by making it more complex, costlier, and less desirable from a financial standpoint.
IPR economist Matthew and four colleagues compare bankruptcy files in the two years before and after the Bankruptcy Act took effect in order to understand what actually occurred when the law was adopted and offer insight on the argument between those who supported and opposed the law. The 2005 Bankruptcy Act's proponents said that too many people who were capable of repaying their debts were abusing the system by declaring bankruptcy, and that this was raising the cost of consumer credit.
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accidentally hit a utility pole. the cost to repair her car was $2,950, and she has a $500 collision deductible. how much will the insurance company be required to pay for the car repair?
The insurance provider will be obligated to cover the $2,450 cost of the car repair.
Which kind of insurance will cover the cost of your car's repair?In the event of an accident, your auto insurance policy may provide coverage for vehicle damage. However, you are responsible for covering the cost of routine maintenance. That's where mechanical breakdown insurance, commonly referred to as auto repair insurance, comes in.
What transpires if the repair costs exceed the deductible?It represents the sum of money you'll have to spend out-of-pocket for repairs to your car if you have an accident or have your car stolen. Your insurance provider will cover the remaining costs if the cost of the vehicle's repair or replacement exceeds the deductible.
In the given question,
The cost to repair her car= $2,950
Collision deductible= $500
Insurance company be required to pay= $2,950 - $500 = $2,450
The cost of the car repair will cost the insurance company $2,450.
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thomasino concrete, inc., has earnings of $2,800,000. the firm plans to make an investment in machinery of $1,300,000 in the coming year. using the residual dividend theory, how much can they pay in dividends this year?
$ 1,500,000 they can pay in dividends this year.
As per the Residual dividend policy company will pay Dividends after cutting the investment cost from total earnings.
Therefore Total Dividend Pay this Year = Total Earning - Investment.
Therefore Total Dividend Pay this Year = 2800000 - 1300000
Therefore Total Dividend Pay this Year = $ 1,500,000
A residual dividend coverage calculates dividends paid to shareholders, primarily based on the number of earnings ultimately after capital expenditures had been paid.
Agencies that pay residual dividends use cash go with the flow to cover expenses first, then pay dividends to shareholders from the amount it truly is left over.
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mike offers to sell his car to ricardo for $450. ricardo accepts mike's offer. three days after accepting the offer, ricardo calls mike and says that he no longer has the money and cannot buy the car. mike then enters into a valid contract to sell the car to jim for $15,000. once ricardo hears about the contract, he calls mike and says that he changed his mind and will buy the car of $450. mike refuses to sell him the car. is there a valid contract between mike and ricardo?
No mike refuses to sell him the car. The contract was discharged by Ricardo's breach.
Vehicles and trucks are each fashionable purchaser vehicles. but even as sedans and trucks have certain commonalities - like four wheels, an internal combustion engine, a transmission, and loosely similar capabilities - it goes without pronouncing that the sedan and the truck are two completely different vehicles.
A new automobile is an automobile that is sold in its unique synthetic condition, commonly by means of a retail commercial enterprise referred to as a vehicle dealership. The time period is contrasted with a used car, a vehicle that has previously had one or more owners.
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in its first year of operations, grace company reports the following: revenue of $60,000 ($52,000 cash received from customers); expenses of $35,000 ($31,000 cash paid toward expenses). net income under the accrual basis of accounting is:
Net income under the accrual basis of accounting is $25,000
Revenue is accounted for when it is earned under this method. In contrast to the cash method, the accrual method records revenue when a product or service is delivered to a customer with the expectation of future payment. To put it another way, money is accounted for before it is received. Similarly, costs for goods and services are recorded before any money is paid for them.
The accrual method records account receivables and payables, which can provide a more accurate picture of a company's profitability, especially over time. It does not account for cash flow.
A company may appear profitable in the long run, but it may face a difficult, significant cash shortage in the short term.
Another disadvantage of the accrual method is that it can be more difficult to use because it requires accounting for items such as unearned revenue and prepaid expenses.
The accrual method is typically required for companies that file audited financial statements and is accepted under the Financial Accounting Standards Boards' generally accepted accounting principles (GAAP).
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how much would you need to deposit in an account now in order to have $6000 in the account in 10 years? assume the account earns 6% interest compounded monthly.
The amount required to deposit in new bank account is $2444.89 if the account earns 6% compound interest monthly.
What is compound interest?In other terms, compound interest is interest on principal + interest and refers to the addition of interest to the principal amount of a loan or deposit. Reinvesting interest, or adding it to the lent capital rather than paying it out or requiring payment from the borrower, results in interest being earned on the principal amount plus previously accumulated interest in the next period. In economics and finance, compound interest is common. Compound interest allows for compounding, as opposed to simple interest, which doesn't because prior interest isn't added to the principle for the current period. The simple annual interest rate is calculated by dividing the period interest by the number of periods in a year.
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the inflation rate is calculated as selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a the cost of a basket of goods in the current year minus the cost of the basket in the base year x 100. b the cpi in one year minus the cpi in another year x 100. c the cpi in year 1 divided by the cpi in the base year x 100. d none of the above.
Among the given options regarding inflation, the correct option is d none of the above.
Inflation is categorised by factors such as the cost of living in a country or the overall increase in prices. It can be explained by the gradual loss of purchasing power caused by price increases. Inflation's consequences, which drive up the price of basic goods like food, can be harmful to society and have an immediate impact on each individual.
To determine the inflation rate, the consumer price index which tracks changes in retail prices for commodities is used.
The formula to calculate inflation is -
Past date CPI - Current date CPI/ Past date CPI × 100.
Where CPI stands for the consumer price index
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in 1930, the united states passed the smoot-hawley tariff act, which raised tariffs on imported goods an average of 60 percent. other countries retaliated with similar tariffs and world output declined. the effect of the decline in foreign output on the u.s. aggregate demand curve can be shown by a movement from:
The Smoot-Hawley Act almost doubled import tariffs from outside to the United States. At least 25 nations in response raised their own import taxes on American products. The Great Depression had negative consequences on trade all throughout the world.
What role did tariffs play in the Great Depression?
The cost of manufactured and agricultural items increased due to this levy. Trade with foreign and European countries was finally destroyed by the imposition of this levy. Due to the high tariffs and lack of trade partners, this hurts the American economy and makes the Great Depression worse. The tax resulted in an average 20–25% price rise for imported manufactured items. Imports were overpriced, which encouraged Americans to buy domestically produced goods.
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holiday brands issued $33 million of 6%, 30-year bonds for $30.5 million. what is the amount of interest that holiday will pay semiannually to bondholders? (enter your answers in whole dollars.)
A bond is a written promise to pay bondholders a certain amount at maturity.In addition, periodic interest will be paid to bondholders.This is one way that the issuing company can get more money.
Let's figure out how much interest is paid to bondholders.The period is two because the interest is paid semiannually.
The amount of interest that Holiday will pay to bondholders semiannually is $990,000, or $33 million x 6% / 2 = $0.99 million. Interest paid = Face value of bond x Interest rate / Period
A bond covenant is a term of an agreement between a bond issuer and a bondholder that must be followed by law.Bond covenants aim to safeguard both parties' interests.
Is a bond a guarantee of payment?
A promise to pay is a bond. It's a promise to pay in the future in exchange for today's payment. Bonds—promises—can be purchased and sold. A lender is the bond buyer.
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a company sells a product for $63. variable costs are 60% of sales, and monthly fixed costs are $57,456. answer the following questions:
The margin of safety for April will be 2,280 units or 26.45%.
Margin of safety means a concept of investing in which an investor only purchases securities when their market value is significantly below their intrinsic value.
Initially we should find the value of variable cost
variable cost = 60% x 63 = 37.8
Calculate the breakeven volume we can use this equation
Equation:
Variable costs + fixed costs = Revenue
37.8x + 57,456 = 63x
Thus, we determine the value of x:
63x - 37.8x = 57,456
$25.2x = 57,456
x = 2,280 units
Then, the formula of Margin of safety is:
Margin of safety = Actual sales - Breakeven volume
Margin of safety = 3,100 units - 2,280 units = 820 units
The Margin of safety will be 820 units, if we want to convert it as percentage, the computation is shown below
Percent = (820 units / 3,100 units) × 100 = 26.45%
The question is not complete. The complete question is shown below:
Peach Company sells a single product for $63 with variable costs of $21 per unit. Peach’s total monthly fixed costs are $63,000. During April actual sales were 3,100 units. How much is the margin of safety for April?
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a firm issues the convertible debt shown above. the price of stock in this company on july 1, 2008 is $37.57. what is the minimum call price that would make a bondholder prefer to accept the call rather than convert? a.par plus 12.1%b.par plus 9.3%c. pard. par plus 14%
The minimum call price that would make a bondholder prefer to accept the call rather than convert is par plus 9.3%.
What is bondholder?A bondholder is typically an investor or owner of bonds issued by a company or government. Bondholders are essentially lending money to bond issuers. In return, bond investors get their principal (original investment) back when the bond matures. For most bonds, bondholders also receive periodic interest price. Investors can purchase bonds directly from issuers. For example, government bonds may be purchased at auction for new issues issued by the US Treasury Department. Bond investors can also purchase previously issued bonds on the secondary market through brokers or financial institutions. Bonds are generally considered a safer investment than stocks. This is because bondholders have a higher claim on the issuer's assets in the event of bankruptcy. In other words, if a company has to sell or liquidate its assets, all proceeds go to bondholders before common shareholders.To learn more about bondholder from the given link :
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the fasb has decided that the accounting principles for deferred tax assets resulting from deductible temporary differences versus operating loss carryforwards should be
For the purpose of recognizing future tax impacts brought on by permanent differences and carryforwards, deferred tax liabilities and assets are set up.
Taxes that are due but won’t need to be paid until later are recorded as a deferred tax liability on a company’s balance sheet. Needed to a gap in time between when the tax was accrued and when it is due to be paid, the responsibility is delayed. Permanent disparities are those that start in one period and do not end later between taxable income and accounting income.
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an example of a positive demand shock is a. a decrease in the money supply. b. a decrease in government spending. c. a decrease in foreign export demand. d. a decrease in the price of imported oil. e. a decrease in tax rates.
An example of a positive demand shock is a a decrease in foreign export demand. Demand is just a consumer's desire to purchase products and services without hesitation and pay the price for them.
Simply said, demand is the number of things that customers are ready and willing to purchase products at various prices over a certain time period. Demand is the consumer's desire and willingness to purchase a product or service at a specific time or over time. Customers must also be able to pay for what they want or need based on their disposable income budget.
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in a survey of project managers, what percentage of project managers reported encountering ethical issues in their work?
22 percentage of project managers reported encountering ethical issues in their work. An expert in project management is referred to as a project manager.
Regardless of the industry, project managers are encountering responsible for the planning, acquisition, and execution of any activity with a specified scope, defined start, and defined conclusion. Before the issue escalates to higher authorities, project managers serve as the initial point of contact for any concerns or conflicts occurring among the heads of several divisions inside an organization. A project manager is in charge of managing the project. Rarely does this person actively engage in the processes that lead to the result.
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willow has worked for cloud computing inc. in boulder, colorado, for five years. when willow joined cloud computing, she signed an employment contract that contained a covenant not to compete. the covenant states that if willow leaves cloud computing, she will not work for any competitor for two years. willow is approached by centers for computing inc. with a job offer that she simply cannot refuse. centers for computing is located in atlanta, georgia. willow accepts the job with centers for computing, and cloud computing sues willow for violating the covenant not to compete. the result of this lawsuit will probably be that:
The result of this lawsuit will probably be that Willow will be required to pay damages to Cloud Computing for breaching her contract. The amount of damages will likely be based on the harm that Cloud Computing suffers as a result of Willow working for a competitor.
In some cases, courts will also award attorneys' fees and costs to the prevailing party.When one party to a contract breaches their obligations, the other party may sue for damages. The amount of damages awarded will depend on the harm that the breaching party caused to the other party. In some cases, courts will also award attorneys' fees and costs to the prevailing party. In this case, it is likely that Willow will be required to pay damages to Cloud Computing for breaching her contract.
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process of identifying other organizationas that ar ebest at some facet of your operations and then modeling your organziation after them is known as
The process of identifying other organizations that are best at some facet of your operations and then modeling your organization after they are known as benchmarking.
Benchmarking is a tool for assessing and comparing overall performance to be able to obtain non-stop development. It's far part of a complete first-rate control system, and consists of the subsequent key elements: focuses on tactics instead of consequences; Encourages records sharing; and.
Benchmarking way of comparing or checking something by comparison with a trend. Etymologically, it derives from the time period benchmark, a surveyor's mark used as a reference factor in measuring altitudes.
Aggressive benchmarking is the system of comparing your organization in opposition to a number of competitions and the usage of a hard and fast collection of metrics. This is used to measure the performance of an employer and examine it with others through the years. This can frequently include looking at the practice behind those metrics as properly.
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not all countries in europe are currently participating in the move to a single european currency, called the euro. how has monetary unification changed the ability of each country that is currently a participant to conduct independent countercyclical monetary policy? it had been rumored that greece would like to exit the euro. what benefits could greece gain in such a move?
A country's ability to implement independent monetary policy is significantly hampered if numerous nations achieve macroeconomic unification by using a common currency (like the euro).
What is an example of a monetary union?The Euros and the CFA Franc are two instances of currency unions that are currently in use. Some nations adopt a foreign exchange in additional to a peg. For instance, El Salvador, Ecuador, and the Caribbean island republics of Bonaire, Sint Eustatius, and Saba all use the U.S. dollar as their legal currency.
As a monetary union, why is the EU?The European Single Currency (EMU) was established in 1999 to promote economic cooperation among EU members (EU). The EMU set monetary exchange prices and introduced the euro as a single currency to replace the exchange rate of the participating nations.
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