Conventional people act or think in a way that is typical and expected.
What else does the word "conventional" mean?
The terms formal, ceremonious, and ceremonial are frequently used synonyms for conventional.Even though "marked by attention to or adhering strictly to prescribed forms" is the meaning of these words, "conventional" can also mean "according with general custom and usage" and "may suggest a stodgy lack of originality or independence."ordinary politeness.
What is an illustration of a conventional?
These things are always depicted using standard signs and symbols. These are small cups with typical eagle, lion, and griffin designs that have been deeply and crudely cut out.
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ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what is the revenue trend percent for years 2 and 3?
Sales for Base year = $410,000
Sales for year 2 = $460,000
Sales for year 3 = $510,000
Revenue Trend percentage for year 2
= {($460,000 - $410,000) / $410,000} * 100
= 12.19%
Revenue Trend percentage for year 3
={($510,000 - $410,000) / $410,000} * 100
= 24.39%
Therefore, Ash's company's revenue growth from base year 1 to year 2 was 12.19% and to year 3 is 24.39%
Revenue Trend Percentage = [(Current period value - Base period value) / Base period value] * 100.
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after his son was born, john took three weeks of unpaid leave from his company. he returned to his regular full-paying job after the three weeks. which type of family-friendly benefit did john use?
Since john took three weeks of unpaid leave from his company, the type of family-friendly benefit that john use is family leave.
What is meant by unpaid leave?It is a period of time when an employee is permitted to miss work due to a holiday, a sickness, or another unusual circumstance, but they are not compensated for it: 13 weeks of unpaid leave are available to parents of small children.
Hence, For a variety of reasons, including family emergencies, medical appointments, and child care, an employee may ask for an unpaid leave of absence. Although employers are not required by law to pay their workers for non-statutory time off, many of them do so under particular conditions.
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he pack company purchased an office building for $4,500,000. the building had an estimated useful life of 40 years and an expected salvage value of $500,000. calculate the depreciation expense for the second year using the double-declining balance method
Depreciation can be calculated in a number of ways, including: Method of straight lines. Method of writing down values.
The second-year deficit was $213,750.
Cost: $4,500,000
residual value: $500,000
base depreciable: $4,000,000;
life: 40 years
$4,000,000 ÷ 40 = $100,000
SLM depreciation equals $100,000 per year.
$100,000 ÷ 40 = 2.50%
2.50 percent SLM Rate
The DDB rate is 5%.
How is the declining balance method calculated?Depreciation per annum = (Net Book Value - Residual Value) x % Depreciation Rate Net Book value is the cost of a fixed asset minus the accumulated (total) depreciation. This is the formula for calculating depreciation value using the declining balance method.
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in analyzing unsystematic risk, all of the following would be unsystematic risk except: group of answer choices asset-specific risk. market risk. diversifiable risk. unique risk.
In analyzing unsystematic risk, all of the following would be unsystematic risks except market risk.
A market is a place in which customers and dealers can meet to facilitate the change or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. different examples include unlawful markets, auction markets, and financial markets.
The marketplace definition provides a framework for opposition analysis. for instance, marketplace shares can be calculated most effectively after the market has been described, and, whilst thinking about the capacity for a brand new entry, it's far essential to identify the marketplace that is probably entered.
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jeanine is planning on making her first million dollars before she reaches 25 years of age. though still in high school, she subscribes to the wall street journal, carries a brief case, and invests her allowance with a stockbroker. moreover, she insists on wearing business suits everyday to school. jeanine is thoroughly engaged in:
According to the given information, Jeanine is thoroughly engaged in Anticipatory socialization.
In order to make it easier for them to join the group and help them actively engage in social interactions once they have been admitted, anticipatory socialization is the process by which members of one group learn to accept the fundamental beliefs and values of another group. A fundamental aspect of human development is this. Through this process, group members get to know the customs and interests of their fellow group members. These develop interpersonal skills, and this fundamental interaction serves as the basis for various kinds of relationships between people in a social context. In addition to fostering group cohesion and solidarity, such an environment encourages interdependence among group members.
The process of learning new social behaviors or attitudes before making the actual change is known as anticipatory socialization. Adolph Wagner coined the phrase "anticipatory socialization" to describe the process through which people re-form their attitudes and behaviors in anticipation of changes they intend to make. He originally used it in his theory of re-socialization. However, anticipatory socialization in sociology refers to the process through which people, after deciding to change, reform their attitudes and actions in order to make the changes they intend to make.
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If student loans are such a problem, why do you think so many students borrow money?.
Students borrow money although student loans are such a problem because college tuition has grown a lot faster than income.
A student loan is a loan a student took to pay for higher education expenses, such as tuition, supplies, books, and living expenses. In the U.S., student loans are becoming a problem. College costs (and all its related expenses) are getting very expensive at a much faster rate than income. Most people who took student loans for their higher education are having difficulties in saving, which result in them hardly being able to afford a house. They are also less likely to take out car loans.
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the demand curve for each seller's product in perfect competition is horizontal at the market price because
The demand curve of an uncompetitive business is a horizontal line at the market price. This means that it receives the same price for each unit sold.
The negligible income got by the firm is the adjustment of absolute income from selling another unit, which is the steady market cost.
In perfect competition, why is price horizontal?
Because the prices are determined by the forces of supply and demand in the market, the demand curve is horizontal for each company in a market that is highly competitive. As a result, the businesses take prices. Customers will not be willing to purchase from a business that attempts to charge more than the current market price.
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how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $5,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $9,000?
The net operating income will decrease by 4500 per month if the monthly advertising budget increases by $5,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $9,000
Margin Safety: $4500
(30-18)/30=0.4
10,320/0.4=25800
(1010*30)-25800=4500
2. Margin of safety percentage: 15%
Explanation:
45000/30300=0.1485
Real estate professionals use the formula known as Net Operating Income, or NOI, to quickly determine the profitability of a specific investment. After deducting required operating costs, NOI calculates the revenue and profitability of investment real estate property.
Before deducting any costs for financing or taxes, net operating income measures the profitability of an income-producing asset. Subtract all property-related operating costs from all income earned at the property to arrive at NOI.
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a problem is listed below. identify its type. beginning in 2 years, a new booster club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $1,500 towards the student's college tuition. since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. thus, the club will need $3,000 at the end of 2 years. how much must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years? a) future value of an annuity b) future value with compound interest c) amortization d) present value of an annuity e) sinking fund f) none of the above.
The sinking fund must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years.
A sinking fund is a fund created by an economic body through recurrent investments made over time to cover future costs. Therefore, the booster club may use this sinking fund technique to finance its upcoming costs for honoring a distinguished senior on the varsity soccer team.
The final sum of repeating payments made at regular intervals and at a specific rate of interest is the future value of an annuity. The word "sinking fund" is used in more conventional contexts to describe funds placed aside to pay off long-term debt, such as a bond.
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your manager is excited about the potential of an ai sales solution. however, she's concerned that sales reps will fear for their jobs. what do you tell her?
I would tell the manager that AI for sales actually frees up sales reps to concentrate on building relationships with customers.
AI is widely used in digital marketing initiatives when speed is essential. AI marketing solutions evaluate data and consumer profiles to determine the most effective ways to interact with customers, ensuring maximum efficiency. They then send them personalized communications at the right time without assistance from members of the marketing team.
Artificial intelligence (AI) is being used by businesses to boost lead volume, close rates, and sales performance overall. This is so that technology can automate and improve a significant piece of the sales process. Salespeople can focus on what matters as a result: closing the transaction Although it's true that some of the time-consuming tasks that salespeople are currently required to complete will eventually be replaced by artificial intelligence
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question 6 a data analyst wants to save stakeholders time and effort when working with a tableau dashboard. they also want to direct stakeholders to the most important data. what process can they use to achieve both goals?
When working with a tableau dashboard, a data analyst wants to save stakeholders time and effort. They can also use pre-filtering to direct stakeholders to the most important data. Because it directs stakeholders to the most important data, pre-filtering saves time and effort.
A stakeholder is a person, group, or organization that is affected by the outcome of a project or business venture. Stakeholders have an interest in the project's success and can be from within or outside the organization that is sponsoring it.
A stakeholder in a business is any individual, group, or party who has an interest in an organization and the outcomes of its actions.
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Which of these situations can be handled by using the Management Information Systems?
Sometimes, there are problems in the inventory department.
At times, the organization faces problems with the performance of their products in the market.
Decision makers of the organization are not able to take proper decisions.
Employees face technical issues while feeding data into a database.
Option B. The situation that can be handled with the use of the Management Information Systems is At times, the organization faces problems with the performance of their products in the market.
What is the Management Information Systems?The study of people, technology, organizations, and their relationships is known as management information systems (MIS). MIS specialists assist businesses in getting the most out of their investments in people, technology, and operational procedures. MIS is a people-focused industry with a focus on providing services using technology.
An information system used for decision-making, as well as for the coordination, control, analysis, and visualization of information inside an organization, is known as a management information system. In an organizational setting, people, procedures, and technology are all involved in the study of management information systems.
Principal Information System Types
System for processing transactions.System for managing information.Decision Support Technologies.Master System.System for automating offices.Systems for managing knowledge.Read more on Management Information Systems
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what causes the different numbers between a master budget and a flexible budget? a. sales price. b. fixed costs. c. input price. d. sales volume.
A master or static budget only covers one level of activity, whereas a flexible budget covers multiple levels of activity at different total costs.
What distinguishes flex budgets from master budgets?Compared to flexible budgets, static budgets only account for one level of production volume. A master budget is another name. A consolidated budget that is simple to calculate for a variety of production volume levels is called a flexible budget.
What distinguishes a master budget from other budgets?One level of production volume is taken into account in a master budget, which is static.On the other hand, a budget that can be adjusted in response to a variety of production outputs separates fixed costs from variable costs.
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pet products inc. manufactures two products, cat bowls and dog bowls, from a joint process. cat bowls are allocated 50% of the total joint costs of $20,000. there are 1,000 cat bowls produced and 1,000 dog bowls produced each year. cat bowls can be sold at the split-off point for $11 per unit, or they can be processed further into an extra fancy cat bowl for additional processing costs of $4,920 and sold for $14 each. what is the difference in operating income between processing the cat bowls further versus selling them off at the split-off point?
The difference in operating income between processing the cat bowls further versus selling them off at the split-off point is -$1,920.
What is operating income?
Operating income is the adjusted revenue of a business after all operating costs and depreciation have been taken into account. The charges incurred to maintain the operation of the business are known as operating expenses.
Calculating the operational income difference:
After additional processing, sales income (1000*14) 14000
At the split-off point, sales revenue (1000 x 11) 11000
3000 in additional revenue
Cost Incremental -4920
Increased revenue (loss) -1920
Operating income (loss) difference = -1920
The ability of your company to make money from its operational activities is demonstrated by operating income. The operating income figure is frequently used by business owners to assess the operational success of their enterprise. Potential creditors and investors might be interested in your company's operating income.
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in the substantive audit procedures for payroll where the control risk is set at low, an auditor most likely would:
In the substantive audit procedures for payroll, the auditor will compare payroll costs with entity standards or budgets.
A sort of audit method known as substantive analytical procedures is carried out to address the risk of major discrepancies of the significant account balances with respect to its financial statements. By demonstrating that there are no errors, substantive testing supports a firm's claim that its financial records are true, accurate, consistent with standards, and valid.
Using this traditional auditing method, the auditor can form an overall opinion regarding the company's financial statements. An auditor would probably evaluate the total payroll costs with entity standards or budgets in the substantive audit procedures for payroll if the control risk is set at low.
Complete Question
In the substantive audit procedures for payroll where the control risk is set at low, an auditor most likely would
A. Verify that checks representing unclaimed wages are mailed.
B. Trace individual employee deductions to entity journal entries.
C. Observe entity employees during a payroll distribution.
D. Compare payroll costs with entity standards or budgets.
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setting up data marts would probably help with the accessibility of information. what type of data marts would you suggest setting up for this company? make sure you explain who will benefit from the data marts you suggest
Setting up data marts provide user access to those who cannot otherwise access data.
What are data marts?
Data marts are one way to effectively turn data into insights in a world where big data and analytics are king. Large data volumes are normally handled by data warehouses, but data analysis needs immediately accessible and accessible data. Should a businessperson have to run difficult queries only to get the information they want for their reports? No—and for this reason, shrewd businesses employ data marts.
A subject-oriented database called a data mart is frequently a partitioned section of an enterprise data warehouse. A data mart's subset of data often corresponds to a certain business unit, such as sales, finance, or marketing.
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good public relations efforts: select one: a. are hired outside of the firm. b. can help a firm create rapport with its customers. c. keep all negative accusations from being written. d. involve running contests and games to keep customers engaged. e. are defined by national awards.
A company's public relations initiatives can help it build relationships with its clients. As a result, the correct solution is (b) can help a firm create rapport with its customers.
What is Public relation?The process of controlling and releasing information from a person or organization to the public in order to impact their impression is known as public relations. The distinction between public relations and publicity is that PR is managed internally, whereas publicity is not controlled and is supplied by outside parties. An organization or individual may use public relations to acquire visibility to their audiences through issues of public interest and news items that may not involve direct payment. The majority of the exposure comes from the media. As a kind of marketing communication, this distinguishes it from advertising.
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according to the ife, if british interest rates are lower than u.s. interest rates a. the british pound will depreciate against the dollar. b. the british inflation rate will decrease. c. the british pound will appreciate against the dollar. d. today's forward rate of the british pound will equal today's spot rate. e. the british pound's value will remain constant.
According to the IFE, if British interest rates exceed U.S. interest rates the British pound will depreciate against the dollar.
The British pound is the official currency of the United Kingdom. The pound sterling is the fourth most-traded currency in the foreign exchange market. It is also the third-largest reserve currency after the U.S. dollar and the euro.
The British interest rates at a record low of 0.5% since March 2009 in an effort to support the UK economy during the recession. However, with the economy now showing signs of recovery, there is growing speculation that interest rates will start to rise in the near future.
Hence, the correct option is "A".
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an investment is expected to generate noi of $150,000 in year 1, growing by 2% per year. assume a 3-year holding period, a terminal cap rate of 7%, and a discount rate of 8%. what is the value of the investment? how much should the investor be willing to pay?
The current value of a potential payment stream can be determined using the net present value (NPV) method.In capital budgeting, the NPV is used to compare whether an investment will produce positive cash flow in the future.
How Does Net Present Value Work?
A capital budgeting analysis method used to determine whether a long-term project will be profitable is net present value.The NPV formula is based on comparing an initial investment to a project's future cash flows.
The fact that $1 today is not the same as $1 tomorrow is an important aspect of the NPV formula. A sum of money today is worth more than the same sum of money in the future (assuming positive returns are anticipated) because money today can be used to generate returns in the future.
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a company is considering purchasing a machine for $21,000. the machine will generate an after-tax net income of $2,000 per year. annual depreciation expense would be $1,500. what is the approximate accounting rate of return?
2.38% is the approximate accounting rate of return when a company is considering purchasing a machine.
The average net income an asset is anticipated to provide divided by its average capital cost stated as a percentage annually is known as the accounting rate of return (ARR). Making judgments on capital budgeting is done using the ARR formula.
Here, we need to calculate the approximate rate of accounting return. It would be calculated by the formula as,
Accounting rate of return= Net annual profit/investment
Net annual profit is the yearly earned profit that is not given. For this rate, all annual costs, including depreciation, must be deducted from the revenue. Depreciation expenses for fixed assets should be subtracted. So, it would be calculated as,
Net annual profit= Net income-Depreciation
Given,
Net income=$2,000
Depreciation=$1500
Therefore,
Net annual profit= 2000-1500
=500
Investment is the cost for purchase which is given by $21,000
Put the values in the above formula of accounting RoR. Therefore,
Accounting RoR=500/21000
=0.023809523
=2.38%
So, the accounting rate of return would be calculated as 2.38%.
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the marginal revenue of a monopolistically competitive firm group of answer choices can be negative if the firm charges a low price and sells a large quantity of the good. can be negative if the firm charges a high price and sells a small quantity of the good. cannot be negative because the price the firm charges will always be greater than zero. will equal average revenue.
The marginal revenue of a monopolistically competitive firm option(a) can be negative if the firm charges a low price and sells a large quantity of the good.
What is marginal revenue?Marginal revenue is an increase in income resulting from the sale of an additional unit of product. Even though marginal revenue can remain constant over a certain output level, it will eventually decrease as output increases due to the law of diminishing returns.
Firms that are ambitious should produce output until marginal revenue approaches marginal cost.
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phillip has been hired as a consultant to review a company's contracting and purchasing procedures. he began by reviewing recent contracts that were awarded and ones that the company lost. then, phillip interviewed employees in both units to ascertain if there were any concerns regarding process, work flows, communication, and expectations. phillip learned that the company had rewarded the number of contracts awarded and gave bonuses for higher amount contracts. phillip recommended a new system that rewarded contracts that aligned with the company's mission, regardless of financial amount. how was phillip applying the systems model of change?
According to the given information, Phillip was applying the systems model of change as a diagnostic framework.
In order to maximize operational and financial performance at an organization while lowering financial risk, contract management involves managing the creation, execution, and analysis of contracts. Increasing amounts of pressure are placed on businesses to cut expenses and boost performance. An efficient and automated contract management system is required because managing contracts turns out to be a very time-consuming aspect of doing business.Typically, contract management includes a few crucial phases. There is the preliminary or pre-award stage. This is all the work that needs to be done before an agreement is made with anyone, whether it be a company or an employee. The process is given a prize during the middle stage. All the paperwork required to formally ratify the agreement is included. The post-award phase comes in third. Here's where a lot of contract management and upkeep comes into play.The contract management process can be thought of in more stages depending on how in-depth a view you're taking, but those three basic stages are a straightforward way to break it down into three phases. A more in-depth look at the procedure will be covered later.Learn more about Contract management, here
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boersma sales, incorporated, a merchandising company, reported sales of 7,100 units in september at a selling price of $682 per unit. cost of goods sold, which is a variable cost, was $317 per unit. variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. the total fixed selling expenses were $157,200 and the total administrative expenses were $338,000. the contribution margin for september was:
The total selling expenses were $338,000then the contribution margin for September was $2,591,500
Gross Margin = Revenue - Cost of goods sold
= (7100 × 682) — (7100 × 317) =
= 2,591,500
Only the cost of items sold is deducted from sales in order to calculate gross margin. All variable expenses are subtracted from revenue to calculate contribution margin .The money left over after sales after paying all variable costs related to producing a product is a company's contribution margin, often known as the gross margin. Your net income, or profit, is obtained by deducting fixed costs from your contribution margin, such as rent, equipment leases, and employee pay.
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why are inventories valued at the lower of cost or net realizable value what are arguements against the use of the lcnrv
Inventories are valued at the lower of cost or net realizable value i.e. LCNRV because inventories decrease in value due to damage, physical deterioration, obsolescence and other factors.
LCRNV essentially means that a write-down from the recorded cost to the lower NRV would be done if inventory was carried on the accounting records at a value larger than its net realizable value (NRV).
In essence, a Loss for Decline in NRV would be the offsetting debit and the Inventory account would receive a credit. This debit would appear as a charge against (decrease in) income in the income statement.
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an inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity, but also the next period's statements because
An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity, but also the next period's statements because "ending inventory of one period is the beginning inventory of the next period."
Because the ending inventory of one period is the beginning inventory of the following period, an inventory error not only impacts the current year's cost of goods sold, gross profit, net income, current assets, and equity, but also the statements for the next year.
Because of this, the management must be strict when it comes to a company's inventory. There is a monetary cost associated with inventory. As a result, accountants must have excellent inventory knowledge. So, yes, an error in inventory management has an impact on the company since the ending inventory at the end of one period becomes the beginning inventory at the beginning of the next. The errors made in accurately maintaining the inventory can be found through an internal audit. So it is better to put extra attention in the process so nothing wrong would be revealed after the audit.
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Suddenly crossing your arms after an interviewer asks a question may
look like you are uninterested
raise a red flag
come off as disrespectful
show you are comfortable
The body posture of crossing your arms after an interviewer asks a question may raise a red flag.
What are the likely intrepretation of Crossing arms?In an interview, the crossing of arms can mean many things. But usually, the candidates who cross their arms in front of their chest during an interview probably feel insecure and defensive. Most people dislike seeing others crossing their arms because it’s distancing but as a natural reaction, when meeting a stranger, it can be considerd as good sign when candidates unfold their arms later during their interview.
To others, the gesture of crossing of arms or legs can make you seem less accessible and communicative in an interview because it creates a physical barrier between you and the interviewer.
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Answer: raise a red flag
Explanation:
mortgage brokers sometimes deny mortgages and real estate agents may decline to show a house to a prospective buyer on the basis of the person's race. these discriminatory practices are best described
Discriminatory practices such as mortgage brokers denying mortgages and real estate agents declining to show a house to a prospective buyer based on person's race are described as institutional discrimination.
Give a brief account on institutional discrimination.The unfair treatment of a person or group of people by institutions like governments or educational institutions is known as institutional discrimination. The aims, policies, rules, and regulations of an organization typically contain these unfair and subtle types of discrimination. Based on socioeconomic status, gender, caste, race, or ethnicity, prejudice may exist.
Minority groups are much more prone to endure some types of sociostructural disadvantage than majority groups, such as communities of African descent in the United States. On those who are affected, institutionalized prejudice has substantial and enduring negative effects, including rising death rates, hindered economic growth, and limited access to healthcare.
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In the narrowest definition of money, m1, savings accounts are excluded because they are.
Savings accounts are not included in the M1 definition of money since they are not a medium of exchange.
Because doing so would essentially include the same amounts twice—once as cash and again as a deposit—cash in bank vaults isn't included in M1. The purpose of vault cash is to offer deposits from clients liquidity. In order to ensure that there is $100 in your account when you try to withdraw it, the Federal Reserve mandates banks to hold a specific percentage of deposits as cash on hand. That $100 was part of the bank's demand or checkable deposits when it was kept in the bank. When you take it out, it starts to function as legal tender.
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crest, has decided to introduce its 1-hour express whitening strips in four cities and to closely monitor the reactions of consumers to the product and marketing program. crest is going to use:
Disruptive innovation is to closely monitor the reactions of consumers to the product and marketing program .
What is meant by Disruptive innovation ?
The term "disruptive innovation" refers to an innovation that makes formerly exclusive or highly skilled consumers-only high-end or highly complex items or services more widely available and more reasonably priced. Through the displacement of seasoned, well-established rivals, this transition disturbs the market.
Instead than refining or upgrading items for the same target market, disruptive innovation focuses on the technologies that make things accessible to a wider, untargeted market and make them simple to use. Digital music downloads, which have mostly supplanted compact discs, are an example of a disruptive invention (CDs).
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what customer-service objectives are reasonable for this business? case study consolidated electric: inventory control
Customer service's main goals are to recognise customer needs, engage with them, respond to their questions, address their problems, improve the customer experience, establish connections, boost credibility, and win over repeat business.
Customer service's main goals are to provide prompt, accurate answers to inquiries, handle problems with Foster connections, demonstrate empathy and care, document issues for internal departments to analyse, and increase brand reputation.to collaborate with the client so they can use the good or service more effectively business. As a result, they frequently support activities like upselling and even account expansion, which in turn often reduce churn by raising user adoption and NPS.
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