1) internal rate of return, 2) , and 3) net present value. a. payback method b. external rate of return c. net future value

Answers

Answer 1

A firm, project, or investment's future stream of payments is valued at present value using a method known as net present value (NPV).

The net present value approach is what, exactly?

The method of calculating net present value (NPV) is used to estimate the current value of all future cash flows produced by a project, including the initial capital expenditure. Establishing which projects are most likely to provide the most revenue is a common step in capital planning.

Alternatively, it is the compound yearly return that an investor anticipates (or actually receives) over the course of an investment.

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Related Questions

What are the 3 types of taxes?.

Answers

Answer:
1) progressive tax
2) proportional tax
3) regressive tax
or
1) income tax
2) consumption tax
3) property tax

the commentator mentioned that more people are consuming food at mcdonald's now that the restaurant chain has refocused on value. suppose sales volume increases as a result of a decrease in prices at mcdonald's.

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This change illustrates downward movement along the demand curve .

What Is the Demand Curve?

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis.

Why does demand curve occur?

A demand curve's entire slope can be shifted right or left by changes in variables like average income and preferences. As a result, the quantity demanded at a given price can be larger or lower. The prevailing view presumption. In the absence of any other changes, demand curves relate the prices and quantities demanded.

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this type of committee is used to deal with most day-to-day issues or business that the congress is concerned with

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Standing committee is used to deal with most day-to-day issues or business that the congress is concerned with.

The chamber rules designate panels as standing committees. The authority of each panel is also listed inside the rules. Standing committees review laws and provide suggestions for ideas to the relevant houses due to their legislative power. As part of their oversight duties, they must also keep an eye on the business, initiatives, and operations that fall under their purview and, occasionally, those that cross committee boundaries.

For government activities, new and existing programs, and standing committee recommendations, the majority of standing committees recommend permitted funding levels. In terms of the influence and importance of the bills they evaluate, certain standing committees are much more important than others. The finance, appropriation, and taxes advisory bodies are typically a most powerful in states.

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26)generally, firms will price a product more competitively at which stages of the product's sales life cycle?

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Typically, businesses will set product prices more competitively during the product's Maturity and Decline stages of its sales life cycle.

What is the lifespan of the product?

The stages that a product goes through from the moment it is launched to the market until it is removed from the market are included in the product life cycle. Four stages make up a product's life cycle: introduction, growth, maturity, and decline. Many items are still in a stage of protracted maturity.

What stage of a product's life cycle is decline?

When a product disintegrates as a result of slowing or negative growth, it enters the decline stage of its life cycle. Lower demand, which ultimately emerges from fresh discoveries and technological breakthroughs, is the cause.

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If he sells each fish at a profit of $1. 25, how much money will he have after selling all 24 fish? show your calculation.

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To make a $1.25 profit on each fish sold, Bob would have to keep the selling price for each fish at $3.39.

The amount of money he will have after selling all 24 fishes is $81.36

Define the terms:

Cost Price: The price at which an item must be produced or purchased is referred to as the item's cost price. C.P., or cost price, stands for it.

Selling Price: The cost at which an item is offered for sale is referred to as the selling price. S.P., short for selling price, is used.

Profit: The amount between the selling price and cost price of an item when the selling price (S.P.) is higher than the cost price (C.P.).

Profit is defined as S.P. minus C.P. if S.P. > C.P.

Profit = S.P.–C.P

In essence, the selling price in this case is the sum of the cost of $2.14 and the profit of $1.25 per fish. Alternatively, we can model the profit as the selling price less the cost price, as shown below:

The formula,

Profit on each fish = selling price (SP) - cost price (CP)

Profit per fish = $1.25

Selling price (SP) = unknown

Cost Price = $2.14

Using the formula above, we can determine find the selling price

$1.25 = selling price - $2.14

SP = $2.14 + $1.25

SP = $3.39

Hence, the total money after selling 24 fishes is = $3.39 x 24

                                                                                = $81.36

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When computing the cost to retail percentage for the conventional retail method included in the denominatora net markups and net markdownsb neither net markups nor net markdownsc net markups but not net markdownsd net markdowns, but not net markups

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C. Net markups, but not net markdowns. under the conventional retail method. It is because the denominator in the computation of cost-to-retail percentage  under the retail method, includes purchases, purchase returns,  and also abnormal shortages but it does not include freight-in.

The conventional retail inventory method generally can be defined as a small business's finances as inventory as opposed to products at the company's physical location. The price for purchasing products at cost versus how much the business is selling the products for to the general public is measured in The conventional retail inventory method.

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with the rate of employment for mothers on the rise in the united states, statistics show that one of every (fill in the blank) mothers with children under the age of 5 are in the labor force.

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With the rate of employment for mothers on the rise in the United States, statistics show that one in every two mothers with children under the age of 5 is in the labor force.

The labor force is the sum of the people in a population that is able to work, both the employed and the unemployed. The people that are not considered in the labor force are the people that are not working and not actively seeking work.

Currently, in the U.S., the rate of employment for mothers is on the rise. Statistics based on the Current Population Survey show that in 2021, around 71.2% of mothers are in the labor force. 65.5%  are mothers with children under age 6.

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Select the true statement about arbitration as a conflict resolution technique.1. Arbitration is often preferred to litigating a dispute in court because it preserves confidentiality.2. Businesses often seek alternative conflict resolution processes to arbitration because their disputes can be quite technical and difficult for arbitrators to understand.3. An arbitration award is only binding if both parties to the dispute agree to the decision.4. An arbitration tribunal selects the arbitrator that will be used to decide the outcome of a dispute.

Answers

The true statement about arbitration as a conflict resolution technique is Arbitration is often preferred to litigating a dispute in court because it preserves confidentiality

.

Arbitration is a form of alternative dispute resolution that resolves disputes outside of a court of law. Disputes are decided by one or more of her who issue a "ruling". In choosing arbitration, the parties are opting for private dispute resolution rather than going to court. may be called. This means that the arbitrator's decision will be final and binding. Example: After weeks of negotiations stalled and ended in stalemate, both parties agreed to arbitrate.

Arbitrators have typically retired lawyers, businessmen, or judges with expertise in a particular area. As impartial third parties, they hear and decide disputes between opposing parties. Arbitrators may work alone or on a panel with other arbitrators

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stacy is selling her home in a nice neighborhood. she no longer wants to live there because a gruesome murder occurred next door. would stacy need to disclose that this is why she is selling?

Answers

No, she's not obligated to reveal a death that didn't happen on her land. It is not stigmatized since the murder did not take place on Stacy's property.

How do we define property?

Property is something over which a person or a company has legal ownership. Property can refer to either intangible objects with the potential for future value, such as stock and bond certificates, or tangible items like homes, automobiles, or appliances.

An explanation of a property disclosure statement is?

The seller has a legal obligation to use a property disclosure statement during the house buying and selling process to reveal any flaws in the property. Property disclosure statements protect buyers by informing them of any house flaws that are already there.

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research shows that companies with several senior-level women underperform financially and organizationally in comparison to those without senior-level women.

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Many women left the workforce during the pandemic peak. Now they are switching jobs at a furious pace, according to McKinsey & Company's 2022 "Women in the Workplace" report.  

The percentage of women in C-suite positions has moved up slowly, and it's even worse for women of color trying to make their way into leadership.

"I think that many companies have made big statements about wanting to get equal representation or better representation across different demographics in their senior leadership.

I hope that all of those companies are really thinking through what that means from a remote work perspective," said Carolyn Childers, co-founder and CEO of female networking company Chief, at the CNBC Work Summit on Tuesday.

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on november 2, 2018, a u.s.-based company with the $us as its functional currency entered into a 90-day futures contract to purchase 60,000 swiss francs when the contract quote was $1.06. the purchase was for speculation in price movement. the following exchange rates existed during the contract period:

Answers

As per the contract quote, the exchange rates existed during the contract period is $2,400.

Contract quote:

In accounting, contract quote means competitively solicited written offer to furnish Supplies or Services by a method of procurement that is less formalized than a Bid or a Proposal.

Given,

On November 2, 2018, a US-based company with the $us as its functional currency entered into a 90-day futures contract to purchase 60,000 swiss francs when the contract quote was $1.06. the purchase was for speculation in price movement.

Here we need to find the exchange rates existed during the contract period.

While we looking on the concept futures contracts, they are a selected type of derivative instrument.

And all the derivatives must be recognized on the balance sheet at fair value.

Here the fair value is $1.06 on November 2, 2018.

As per the Accounting for the changes in fair value depends on whether it has been designated as and qualifies for hedge accounting.

So, the company has not hedged the risk of the futures contract and FASB ASC 815-20-35-1 specifies that gains and losses must be included in income for these contracts.

Therefore, this is a futures contract, the future 30-day rate ($1.02) is used to measure the gain or loss for the year ended December 31, 2018.

Then the foreign currency exchange loss for 2018 is calculated as,

=> ($1.06 - $1.02) × 60,000

=> 2400

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Financial managers examine the financial data prepared by ________ and make recommendations to top executives about strategies for improving the financial strength of a firm.
a) accountants
b) managers
c) stock brokers
d) financial analysts
a

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Financial managers examine the financial data prepared by a) accountants and make recommendations to top executives about strategies for improving the financial strength of a firm.

The function of managers is setting up and overseeing a specific group, project or zone within a enterprise. The quantity and scope of a manager's obligations can vary relying on their role inside the business enterprise. The job identify of manager can mean that anyone is coping with a team or coping with a positive function.

An enterprise supervisor is a manager who controls and directs the employees and sports of an company or a department. through adopting operational plans, sporting out overall performance critiques, and supervising all daily sports, they try to keep the enterprise effective, green and organized at all times.

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In the completed work sheet, which of the following sets of columns would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system?
a. Adjustments and Balance Sheet columns
b. Trial Balance and Adjustments columns
c. Trial Balance and Income Statement columns
d. Adjustments and Income Statement columns
e. Trial Balance and Balance Sheet columns

Answers

The 2 sets of columns that would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system is Adjustments and Income Statement columns. The Option D is correct.

What is an income summary account?

This is a temporary account in which all the income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount, that is transferred into the income summary account equals the net profit or net loss that the business incurred during the period.

So, by shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue recorded in the period, and crediting the income summary account.

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direct mailing to 100 customers costs $1200. the number of responses to the mailing is 28. the number of orders is 16, out of which there were 2 returns. what is the conversion rate?

Answers

The conversion rate is 14%

How to calculate conversion rates?

100 customers were served in all.

There are 16 orders total.

There were 2 returns.

Orders net = 16 – 2 = 14

Net orders divided by total consumers reached is the conversion rate.

= 14/100

= 14%

What is Conversion Rate?

The typical conversion rate per ad interaction, expressed as a percentage. Simply dividing the number of conversions by the total number of ad interactions that can be linked to a conversion within the same time period yields the conversion rate. Your conversion rate would be 5%, for instance, if you had 50 conversions out of 1,000 interactions, as 50 divided by 1,000 equals 5%. Your conversion rate may exceed 100% if you track more than one conversion activity or decide to count "Every" conversion. This is because many conversions might be added up for each interaction. To measure your conversion rates and ultimately use them to inform your advertising choices, use conversion tracking in your account.

The conversion rate is 14%

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suppose an ocean liner sinks and its passengers are stranded on a lush tropical island. which of the following could most likely be used as money in the economy that develops among the survivors?

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Beads from the necklaces that were the party favors the night the ship sank could most likely be used as money in the economy that develops among the survivors.

The needs of those who live there and conduct business survivors there are met by the production and consumption of goods and services as a whole. The trade and industry framework through which a nation or region creates and utilises its wealth: The region's economy benefits financially from tourism to the tune of millions. A system of production and exchange of goods is called an economy. A state will fail if its economy is unsustainable. Free market, command, and mixed economies are the three main types of economies.

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for tax purposes, an s corporation is organized, reorganized and liquidated in a similar fashion to a:

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For tax purposes, an s corporation is organized, reorganized and liquidated in a similar fashion to a corporation.

In general, a corporation is a type of company whose establishment is based on and is under the auspices of a legal institution. The establishment of this type of company has certainly been recognized and guaranteed for its accuracy legally, especially civil law which specifically addresses matters like this.

A corporation is a company consisting of a group or groups of individuals who have the same profession either from non-legal entity companies or from companies that are legal entities. Each of these individuals plays a very important role and participates actively in the course of the joint company that they participate in.

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the practice of outsourcing operations overseas, usually by companies from industrialized countries to less-developed countries, with the intention of reducing the cost of doing business

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Offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.

What is offshoring?Offshoring is the process of outsourcing operations abroad, typically by businesses from rich nations to less developed nations, with the goal of lowering operating costs.Offshoring is the process of moving a commercial operation, such as manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though state governments may also use it. In insourcing, the tasks are carried out independently within the business, wherever it may be. Contrarily, activities that are outsourced are carried out within the organization to which they are assigned. Both domestically and internationally can be outsourced.

Therefore, offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.

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employees requesting to change benefit policies to better serve the needs of lgbtq staff is an example of what system of inclusion?

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Employees requesting to change benefit policies to better serve the needs of lgbtq staff is an example of Group system of inclusion.

One example of the GROUP system of inclusion is when staff members ask for benefit policies to be changed in order to meet the requirements of LGBTQ employees better.

What is policy?

Policies are rules, principles, guidelines or frameworks that are received or formation by an organization to achieve long time targets.

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What should you monitor when you have a bank account?.

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When you have a bank account you should monitor the following:-

ATM fees (including surcharges from banks other than your own), monthly maintenance fees, minimum balance fees, paper statement fees, and balance inquiry fees.

You should monitor your checking account at least once or twice a week. The more activity and transactions you make, the more often you should check your account. You should check your balance and transactions for accuracy. Checking your account regularly can be a helpful way to spot potentially fraudulent activity. Keeping an eye on your checking account can also help you avoid costly banking fees.

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which of the situations describes a bandwagon effect caused by a lack of confidence in markets?
a. Hank and Sid start to root for a local sports team only when the team makes it to the national championships.

b. Shirley sees Jane with a new pair of fashionable jeans and decides to buy the same pair.

c. Carol moves out of her parents' house and into an apartment of her own. Shortly thereafter, her brother does the same.

d. Rick notices that his brother Steve and many other investors have reduced the amount they invest, and Rick decides to do the same.

Answers

A situation that describes a bandwagon effect that was caused by a lack of confidence in the market is d. Rick notices that his brother Steve and many other investors have reduced the amount they invest, and Rick decides to do the same.

How can the bandwagon effect affect the markets?

The bandwagon effect refers to a phenomenon where people engage in certain activities and behaviors because they see other people doing it. They believe they have a better chance if they act the way other people act. In the financial markets, the bandwagon effect can either improve confidence in the market, or reduce it.

For instance, if many top and famous investors are buying shares, other people might buy shares as well because they would be more confident seeing the top investors going into the market. The bandwagon effect can also lead to a lost of confidence if people, like Rick, see people like Steve and other investors, reducing their investment. This would make them feel that something is wrong, and so they lose confidence in the market.

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what is included in the definition of real property? 2. t/f a deed witnesses the transfer of personal property?

Answers

Real property is a more general term that refers to both the actual land and any structures or other improvements that are affixed to it. It also includes any changes to the land as well as the rights to use and enjoy the land.

What is the composition of real estate?

Real property, in its broadest sense, refers to the actual land, including everything that is permanently affixed to it, whether natural or artificial, as well as all ownership rights, such as the ability to possess, sell, lease, and use the land. It also refers to everything that is permanently affixed to it.

T/F When personal property is transferred, is a deed present?

This claim is untrue. No witness to the transfer of personal property is provided by a deed.

What legal phrase is used when property is transferred?

Transferring property through one person to another is referred to as conveyance. When sellers and buyers transfer ownership of a plot of land, a structure, or a house, the phrase is frequently used in real estate transactions. An instrument of conveyance, which might be a contract, lease, title, or deed, is used to carry out a conveyance.

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regarding accommodations, research reveal that... the majority of accommodations cost nothing employers have to pay considerably more to accommodate a disabled worker at least 50% of employers experience a one-time cost the majority of accommodations require an ongoing annual cost

Answers

Most employers report no cost or low cost for accommodating employees with disabilities. Of the 1,029 employers who were able to provide cost information related to accommodations they had provided, 571 (56%) said the accommodations needed by their employee cost absolutely nothing.

What is accommodation cost?The term "accommodation costs" refers to the actual expenses incurred by the designated staff members delivering the Products and/or providing Services under the Contract, which will be charged to the Client if the work is done outside of Belp, Switzerland, Vienna, or Prague for the convenience of QCM. All lodging expenses will be charged in accordance with the relevant receipts or invoices.The majority of accommodations are free. The majority of employers report no or low cost for accommodating employees with disabilities. Of the 1,029 employers who were able to provide cost information for accommodations they had provided, 571 (56%) said the accommodations required by their employee cost nothing.

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Most employers report no cost or low cost for accommodating employees with disabilities. Of the 1,029 employers who were able to provide cost information related to accommodations they had provided, 571 (56%) said the accommodations cost needed by the employee.

What is accommodation cost?

The term "accommodation costs" refers to the actual expenses incurred by the designated staff members delivering the Products and/or providing Services under the Contract, which will be charged to the Client if the work is done outside of Belp, Switzerland, Vienna, or Prague for the convenience of QCM. All lodging expenses will be charged in accordance with the relevant receipts or invoices. The majority of accommodations are free. The majority of employers report no or low cost for accommodating employees with disabilities. Of the 1,029 employers who were able to provide cost information for accommodations they had provided, 571 (56%) said the accommodations required by their employee cost nothing.

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buying insurance typically has ------------- but can be rational because it often has --------------. this makes sense because ---------------. choose the answer that fills in the blanks in the correct order.

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Buying insurance typically has negative expected monetary value but can be rational because it often has positive expected utility. This makes sense because of the diminishing marginal utility of money.

According to the law of diminishing marginal utility, the enjoyment we receive from each extra unit of a thing decreases as we consume more of it. Marginal utility is the difference in utility that results from utilizing an extra unit of a product.

According to the law of declining marginal utility, as consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal. The incremental gain in utility brought on by consuming one more unit is referred to as marginal utility.

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what is the amount of the operating cash flow for a firm with $388,973 profit before tax, $100,000 depreciation expense, and a 35% marginal tax rate?

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$352832.45 is the amount of the operating cash flow for a firm with $388,973 profit before tax, $100,000 depreciation expense, and a 35% marginal tax rate.

What is a part of OCF?

The charge you'll incur over the course of a year for as long as you hold your investment is known as the ongoing charges figure (OCF). The OCF for a fund, which refers to operating expenses, is stated in the "Key Investor Information" document. The OCF is subtracted from the fund, and this subtraction is reflected in the daily fund price.

How do we calculate this?

OCF = net income + depreciation - change in working capital.Net income = $388,973depreciation=$100,000 marginal tax rate=35% OCF= 388973*(1-.35)+100000OCF=252832.45+100000OCF=$352832.45

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company accelerates its taxable income so that the income reported for tax purposes is $10 million greater than the income reported on its 10-k. if the company has a 40% marginal tax rate and a 36% effective tax rate, which of the following is created by this bookkeeping difference?

Answers

$4.0 million deferred tax asset of the following is created by this bookkeeping difference.

What is tax?A tax is a compulsory financial burden or  other obligation imposed on a taxpayer (individual or corporate) by a governmental organization  to fund government  and various public expenditures (local, local, or national). A levy of sorts, tax compliance is related to policy  and individual behavior.A tax is a mandatory fee or financial burden that a government imposes on an individual or  organization to collect revenues for public works that provide the best facilities and infrastructure.Examples include general and selective excise taxes, value added taxes (VAT), taxes on any aspect of manufacturing or production, taxes on legal transactions, and customs or import taxes. General sales tax is a charge levied on most consumer spending.

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How can I lower my car insurance premium in Ontario?.

Answers

Four coverages are required to be present in this policy: liability, accident benefits, direct compensation, and uninsured automobile

To reduce premium rate in Ontario: Bundle your policies

    A great way to lower your premium is to bundle your policies. Try to    obtain all of your insurance policies from the same insurance provider, whether they are for your home, business, or cottage.

Take advantage of discounts

      In Ontario, there are numerous discounts available for car insurance policies. Some of them, like the renewal discount and the discount for winter tires, you probably already know about.

Adjust your payments.

     The amount of your premium can be reduced by raising your deductible. This option is popular among policyholders because you simply have to pay your deductible when filing a claim.

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Four coverages are required to be present in insurance premium policy: liability, accident benefits, direct compensation, and uninsured automobile

What are the ways to reduce insurance premium in Ontario?

A great way to lower your premium is to bundle your policies. Try to    obtain all of your insurance policies from the same insurance provider, whether they are for your home, business, or cottage. In Ontario, there are numerous discounts available for car insurance policies. Some of them, like the renewal discount and the discount for winter tires, you probably already know about. The amount of your premium can be reduced by raising your deductible. This option is popular among policyholders because you simply have to pay your deductible when filing a claim.

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social consequences of business activities, including pollution, energy loss, and dangerous accidents, are known as . multiple choice question. unicorns overruns externalities output incidences

Answers

Social consequences of business activities, including pollution, energy loss, and dangerous accidents, are known as externalities.

What are business activities?

Business activities involve activities that generate income and profits. These activities are conducted to create value and meet the needs of customers. This includes activities such as producing goods, providing services, advertising and marketing, financial management, human resources, and research and development. Business activities are essential for a business to grow and succeed. They involve the use of resources to create products and services that can be sold at a profit.

Externalities are the economic and social costs that are not included in the price of a good or service but are paid for by society. When businesses produce products, they often create negative externalities such as pollution, energy loss, and dangerous accidents that are not taken into consideration. These externalities impose costs on society that are not factored into the price of the product. As a result, businesses can reap profits while externalizing the costs onto the public.

It can be concluded that the social consequences of business activities, including pollution, energy loss, and dangerous accidents, are known as externalities.

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Macy offers to sell his fitness watch for $50 to Nona. Nona promises to pay Macy the price. Later, they exchange the watch for the funds. A contract was created when a. Macy delivered the watch. b. Nona paid for the watch. C. Macy offered to sell the watch. d. Nona promised to pay for the watch.

Answers

A contract was created when a Nona promised to pay for the watch. Thus, option D is correct.

What is contract?

A contract is a legally binding commitment between two or more parties that establishes, defines, and controls their mutual rights and duties. A contract usually involves the exchange of products, services, or money, or the promise to exchange any of these at a later period.

Contract is basically the agreement which took place between Macy and Nona. Agreement is implied as a promise that Nona gives to Macy in order to pay the money for receiving the watch.

Therefore, it can be concluded that When a Nona committed to pay for the watch, a contract was formed. As a result, option D is correct.

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the half reaction with the lower standard reduction potential will be at the anode in a galvanic cell true the half reaction with the higher standard reduction potential will be at the anode in a galvanic cell false standard reduction potential is an extensive property false oxidation takes place at the anode

Answers

The statement is True. The half-reaction with the lower standard reduction potential will be at the anode in a galvanic cell true the half-reaction with the higher standard reduction potential will be at the anode in a galvanic cell false standard reduction potential is an extensive property false oxidation takes place at the anode.

Galvanic cells harness the electric power available from the electron switch in a redox response to perform beneficial electric work. the important thing to collecting the electron waft is to split the oxidation and discount half of the reactions, connecting them by means of twine so that the electrons must float thru that twine.

A galvanic cell is an electrochemical cell that could produce strength using a chemical reaction. The electrolytic cellular makes use of an electric modern for the propagation of a chemical response. This cell converts chemical electricity into electrical electricity. It converts electrical electricity into chemical energy.

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Nina oversees the buying of goods and services for her company. Which business department does she likely work in?.

Answers

Nina most likely works in Purchasing department of the business.

The heart of effective supply chain management is the purchasing department. They typically function as controllers to ensure budget adherence, handle the requisition process and seek competitive rates, and assist other departments in identifying their needs.

Typically, purchasing is kept distinct from receiving and accounts payable in order to verify quality and stop unethical practices. A company's purchasing department is in charge of acquiring the products, raw materials, and services needed to run the business efficiently.

Every organization has different requirements for the sourcing and acquisition of tools, supplies, and services. These requirements specify the purchase procedure and the duties of the purchasing department.

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