It did away with unnecessary layers of bureaucracy. The use of teams has the organizational benefit of flattening the hierarchy in large organizations.
Fewer levels of management streamlines internal communication and allows for quick decision-making; additionally, since the layers of middle management are eliminated, power and responsibility are distributed evenly throughout the organization.
To improve coordination and communication, a flat structure elevates each employee's responsibility within the organization and eliminates unnecessary hierarchy. Employee decision-making is improved when there are fewer levels between them. The absence of middle management increases the organization's budget.
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the over 1 million atm machines owned by visa are an example of visa's strategy to provide a(n) distribution of cash. multiple choice question. intensive exclusive selective wide
The 1 million ATM machines owned by Visa are an example of Visa's strategy to provide an intensive distribution of cash
What is an intensive distribution of cash strategy?
Intensive distribution is a marketing approach in which a company's products are made available to customers in as many locations as feasible. This often entails selling the goods in as many stores as possible. Intensive distribution companies often offer their items in both small, local shops and huge, national chains. This increases the likelihood of a consumer locating the goods when they need it, thereby increasing sales.
Some common advantages of intensive distribution include:
Increases brand awarenessIncreases brand loyaltyImproves salesHelps the product become an alternative optionThat's why companies like VISA use intensive distribution statergy
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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for the purpose of calculating gdp, investment is spending on
Spending on capital goods, inventories, and structures, including the building of new homes, is considered investment for the purposes of computing GDP.
A country's gross domestic product (GDP) is the sum of the market capital goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.
While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.
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The complete question is
For the purpose of calculating GDP, investment is spending on
a. stocks, bonds, and other financial assets.
b. real estate and financial assets.
c new capital equipment, inventories, and structures, including new house construction.
d. All of the above.
A hotel has a capacity of 100 rooms. which of the following statements best describes the supply of rooms at this hotel?
a. The elasticity of supply is zero in the short run because the short-run supply curve is vertical.
b. The elasticity of supply is equal to 1 in the short run, but infinitely elastic in the long run.
c. The supply is infinitely elastic in the short run, but perfectly inelastic in the long run.
d. The supply is elastic at quantities above 100 rooms, but inelastic at quantities below 10 chrooms
Because the short-run supply curve is vertical, the elasticity of supply is zero. As the price increases, the elasticity of demand for a vertical demand curve is zero.
The type of decision a corporation must make in a competitive market differs in the short and long run. The relationship between the cost of an item or service and the volume supplied over a specific period is represented by a supply curve.
As producers have more time to react to a price shift, the price elasticity of supply tends to increase. The type of decision a corporation must make in a perfectly competitive market differs in the short and long run.
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a self-imposed trade restriction on the quantity of a good that the exporting country is allowed to export to another country is called a(n) blank .
A self-imposed trade restriction on the quantity of a good that the exporting country is allowed to export to another country is called a voluntary export restraint (VER).
What is voluntary export restraint (VER)?An arrangement between the government or industry in the importing nation and the government or an industry rival in the exporting country for a limitation on the number of the latter's exports of one or more items is known as a voluntary export restraint or voluntary export restriction.
A VER increases consumer surplus on the export market while decreasing it on the market of the importing nation. A VER decreases producer excess in the export market while increasing it in the market of the importing country. When a big exporting nation implements a VER, national welfare may increase or decrease.
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How does government regulate natural monopolies?
O Ensuring and overseeing one supplier
• Rationing consumption per supplier
Setting price controls for multiple suppliers
O Subsidizing suppliers when there is a surplus
Answer:
A. Ensuring and overseeing one supplier
Explanation:
scott power produces batteries. the company has determined its contribution margin to be $3.50 per battery and its contribution margin ratio to be 0.59. what is the effect on profits of the sale of one additional battery? of one additional dollar of sales? (round your answers to 2 decimal places.)
The operating profits will increase by $3.50 on the sale of one additional battery. Also, every additional dollar of sales will contribute $0.59 to operating profits
In cost and management accounting, the idea of the contribution margin is frequently employed. When calculating the contribution margin, the total variable costs are subtracted from the sales revenue.
The difference between sales revenue and variable cost per unit is represented by the $3.50 contribution margin. The overall contribution margin will rise by $3.50 for every additional unit of the product sold. Because fixed costs do not rise as a result of more sales units, the operational profits will also rise by $3.50. The contribution margin is shown as a percentage of sales revenue using the contribution margin ratio of 0.59 (or 59%). Accordingly, $0.59 more in operational profits will be made for every $1 more in sales.
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Garden Tools, Inc. (GTI) offers customers its product or service at a lower price than its rivals can. GTI can be described as utilizing which of the following strategy?
a. Global strategy
b. Cost-leadership strategy
c. Local strategy
d. Regional strategy
e. Differentiation strategy
Since Garden Tools, Inc, (GTI) is selling its products at lower price than its rivals it is utilizing cost-leadership strategy.
Cost leadership is a business approach used by businesses who are looking to achieve a competitive edge by manufacturing things, services, or procedures at the cheapest cost possible.
When a company leads the industry in low price, it is said to be involved in cost leadership. A business must lower expenditures in all other aspects of the business, including as marketing, transportation, and package, in order to achieve this without greatly lowering revenue. A company's strategy for attaining cost leadership in an industry or sector is known as a cost leadership strategy.
Here Garden Tools, Inc. is trying to attain cost-leadership by offering its produce at lower price than the rivals.
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Which inventory costing method assumes that inventory costs flow out in the opposite order from which the goods were purchased?.
First In, First Out (FIFO) is an accounting principle that states that assets that are bought or acquired first are also sold first. According to FIFO, the stock that is still available is made up of things that were bought last. As an alternative to FIFO, LIFO is an accounting technique in which assets that were acquired or purchased most recently are sold off first.
What is the FIFO method?
First In, First Out, also referred to as FIFO, is an asset management and valuation strategy in which the first assets created or purchased are utilised, sold, or disposed of. FIFO presupposes that the cost of goods sold on the income statement includes the assets with the oldest costs for tax purposes (COGS).
The FIFO approach mandates that first things out must come foremost. For instance, if a batch of 1,000 products is created during the first week of a month and a second batch of 1,000 during the second, the batch that was made first will be sold first. The FIFO method's justification is to stop inventory from becoming obsolete.
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If producing each additional unit of good x required giving up ever-increasing amounts of good y, the production possibilities curve between x and y would be.
If producing each additional unit of good x required giving up ever-increasing amounts of good y, the production possibilities curve between x and y would be bowed outward.
The law of increasing possibility fee: As you increase the manufacturing of 1 appropriate, the opportunity fee to provide the additional precise will boom.
First, understand that opportunity price is the fee of the following-high-quality alternative when a decision is made; it's what's given up.
When the economy grows and all other matters continue to be steady, we are able to produce greater, so this will motivate a shift in the manufacturing opportunities to curve outward, or to the proper.
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Which of the following identifies a change in the technological environment that could affect the success of a business?
a. A company develops a new battery that costs twice as much as its predecessor.
b. A company develops a new battery that lasts twice as long as its predecessor.
c. A company develops a new warranty that lasts as long as its predecessor.
d. A company develops a customer support program that customers rate twice as responsive as the previous program.
e. A company packages its product to be twice the size of its predecessor.
The statement that identifies a change in the technological environment that could affect the success of a business is option B. The option B is A company develops a new battery that lasts twice as long as its predecessor.
The development of technology is currently running so rapidly, unconsciously maybe every day technology develops. In this day and age, technology is very important for humans, so that it can be said that human life today cannot be separated from technology. The rapid development of technology has made almost all human work easier because almost all human work is assisted by technology. Day by day, technology is more varied, more innovative, more able to help human work. The development of this technology brings so many positive impacts, but technology also has a negative impact.
The following is the impact of technological developments on business:
Speed up the production and distribution processThe exchange and delivery of information becomes easier and fasterMake it easier to get information related to finance, competitors, consumer tastes, and target marketMake it easier to expand your businessMake it easy in terms of promotionMake transactions easier because of digital paymentsYou can learn more about development of technology here brainly.com/question/13743788
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what is the present value of a deferred perpetuity that pays $141 annually with the first payment occurring at year 5? assume the annually compounded interest rate is 6%.
The present value of a deferred perpetuity is $1,938.89.
What is present value?
The present value of a prospective sum of money or cash flow stream given a specified return rate is known as its present value (PV). The present value of future cash flows is reduced by the discount rate, and the higher coupon rate, the lower the present value of future cash flows. The key to correctly valuing future cash flows, whether they are earnings or debt obligations, is determining the appropriate discount rate. The concept of present value states that a quantity of funds today is worth greater than the same amount in the long term. In other words, money gained in the long term is not as valuable as money received today.
The present value of a deferred perpetuity that pays $141 annually with the first payment occurring at year 5 is $1,938.89. This can be calculated by taking the present value of an ordinary annuity formula, which is PV = A / (1 + r)^n, and adding 5 to n. This gives the equation PV = A / (1 + r)^(n + 5), which can be simplified to PV = A / (1 + r)^n * (1 + r)^5. Thus, the present value is $141 / (1 + 0.06)^10 * (1 + 0.06)^5, which equals $1,938.89.
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of the options below, which is the most effective way to explain the major changes and details of a new workplace policy for requesting vacation time?
a. general to specific
b. comparison and contrast
c. classification
d. cause and effect
Of the options below, the most effective way to explain the major changes and details of a new workplace policy for requesting vacation time is option(a)i.e, general to specific.
A workplace policy is any rule or direction in a professional background that delimits appropriate conduct or best practices. Workplace policies usually address affairs to the degree of well-being and safety, peer or client interplays, and renting. While workplace policy offers an assortment of benefits, the primary aim they realize search output in writing what the association wants from agents in terms of the presence, conduct, and processes they fool particular scenarios.
Policies and procedures are basic facts of some arranging. Together, policies and processes specify a plan for ordinary operations. They guarantee agreement accompanying laws and requirements, present counseling for decision-making, and organize within processes.
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the u.s. department of veterans affairs (va) has undertaken three separate electronic health record system upgrade projects, none of which produced systems that fully met the organization's needs, were well integrated, or met budget or schedule goals. the waterfall software development approach would likely have benefitted the va because it offers .
The u.s. department of veterans affairs used the waterfall software development approach would likely have benefit because it offers wide variety to accommodate and collect data.
Software upgradation in an organisation is a bit difficult and managing them individually according to the departments and an integrated software can only accommodate and collect data properly.
The development approach here also signifies a good team of people who can actually apply software development techniques that can easily be used by everyone in the firm.
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if a gymnast is having difficulty keeping her balance on the balance beam but has no problem deciding to take each step, which part of her brain is most likely damaged?
The cerebellum region of the brain is most likely affected if a gymnast struggles to stay balanced on the balance beam yet has no trouble choosing when to take each stride.
A key component of the hindbrain in all vertebrates is the cerebellum. Even while it is often smaller than the cerebrum, in some animals, such mormyrid fish, it can be equal to or even larger. The cerebellum is a key component of motor control in humans. Although its movement-related activities are the most well-established, it may also have a role in some gymnast cognitive processes like attention and language, as well as emotional regulation processes like moderating fear and gymnast pleasure responses.
While the cerebellum of the human brain does not actually start movement, it does play a role in coordination, precision, and timing because it receives information from other brain regions and from sensory systems in the spinal cord to fine-tune motor activity.
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In may, sea the world cruises, inc. collected $1,000 cash from a customer for services to be performed in june. what is true assuming accrual accounting?
A customer gave sea the globe cruises, inc. $1,000 cash in exchange for services that will be rendered in june. Assuming accrual accounting, $1,000 in revenue should be recorded in June.
When expenses are incurred, they are recorded under accrual accounting. Therefore, regardless of the dates on which any related cash flows occur, economic events are documented. The matching concept, exchange which underlies this strategy, calls for recording revenues and all associated costs over the same time period. The most accurate representation of how well a corporation is actually functioning comes from accrual accounting.
A sale's accompanying revenues and expenses are both recorded by the accountant under accrual accounting. A company's financial statements give the most realistic picture of its profitability because both exchange numbers are recorded during the same reporting period. In other words, the accountant records revenue as soon as it can be recognized, which is typically after the linked goods have shipped or the corresponding services have been rendered.
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The complete question is
In May, Sea the World Cruises, Inc. collected $1,000 cash from a customer for services to be performed in June. Which of the following is true assuming accrual accounting?
A. $1,000 of revenue should be recorded in May.
B. $500 of revenue should be recorded in May and $500 in June.
C. $1,000 of revenue should be recorded in June.
deacon company made an ordinary repair to a delivery truck in october of 2021 at a cost of $500 and capitalized the repair cost. what is the effect on the 2021 financial statements as a result of the incorrect capitalization?
Assets are overstated and net income is overstated.
Instead of being expensed in the current year, repairs are capitalized. As a result, costs are underestimated and the net income is overestimated.
The value of the delivery truck (asset) on the balance sheet rises when the expenditure is capitalized. The assets are therefore inflated.
Due to inappropriate capitalization (the act of transforming or enhancing an asset owned by a company):
1. Overvalued assets. The total number of assets now includes assets that shouldn't be there. Therefore, even if it isn't, the company's asset is growing.
2. Overstatements of net income. The net asset will be inflated since depreciation will also need to be applied to the asset that wasn't present.
What Exactly Is an Asset?
A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset.
The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's worth or improve the operations of the company.
Whether it's manufacturing equipment or a patent, an asset may be viewed of as anything that, in the future, can create cash flow, lower expenditures, or increase sales.
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7.if the goal of the government were to close either a recessionary or inflationary gap using the smallest amount of change in either spending or taxes, which would it do: change taxes, spending, or both? explain your answer.
Yes! Both governments could use fiscal policy to return their countries to "normalcy." They can, for example, use fiscal policy (modifications in government spending as well as taxes) to affect output, unemployment, as well as inflation.
What is government?
A government is indeed the system or group of individuals in charge of an organised community, most commonly a state. In the broadest sense, government is made up of the legislature, the executive, and the judiciary. Government is both a means of enforcing organisational policies and a mechanism for deciding policy. Many governments have a kind of constitution, a declaration of their governing philosophy and principles. While governance exists in all types of organisations, the term government is frequently used to refer to the 200 independent governments and subsidiary organisations. In the modern era, the major types of political systems are democracies, monarchies, but also authoritarian as well as totalitarian regimes. Monarchy, aristocracy, timocracy, ruling elite, democratic republic, theocracy, and tyranny have all been historically pervasive forms of government.
Both governments could use fiscal policy to return their countries to "normalcy." They can, for example, use fiscal policy (modifications in government expenditure or taxes) to affect output, unemployment, as well as inflation. Burginville must increase output in order to exit its slump. Their government can boost output by implementing an expansionary fiscal policy. Expansionary fiscal policy instruments include increased government spending, lower taxes, and increased government transfers. Any of these actions will increase aggregate demand, resulting in higher output, increased employment, and higher prices.
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collagen to repair a deep skin wound is produced by __________.
Collagen to repair a deep skin wound is produced by fibroblasts. Thus the correct option is D.
What is Wound?The dictionary meaning of wound is referred to as any kind of injury caused to an individual due to an accident, or cut which causes skin with some marks which can get removed after applying medicines.
Fibroblasts generate collagen that can be used to treat deep skin wounds. One of the first cells to respond to an injury is a fibroblast, which also produces collagen and cellular and extracellular substances.
This offers the support system required for wound healing and restoration. Macrophages are immunological cells in charge of eliminating pathogens and trash, while keratinocytes are responsible for producing keratin.
Therefore, option D is appropriate.
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Collagen to repair a deep skin wound is produced by __________.
a. keratinocytes
b. macrophages
c. epidermal fibroblasts
d. fibroblasts
3. consumption and saving suppose alyssa gets a sales bonus at her place of work that gives her an extra $700 of disposable income. she chooses to spend $630 and save the remaining $70. from this, you can tell that alyssa's marginal propensity to consume (mpc) is , and her marginal propensity to save (mps) is . mathematically, it must always be true that: saving
The marginal propensity to consume is 0.9.
The marginal propensity to save is 0.1.
It must be always true that savings and consumption is equal to disposable income.
What is the MPS and MPC?Disposable income is the income that is left after tax has been paid. It is assumed that disposable income is either spent on consumption or it is saved.
Disposable income = amount spent on consumption + amount saved
Marginal propensity to save is the ratio of the amount saved to the disposable income. Marginal propensity to consume is the ratio of the amount spent on consumption to the disposable income.
Marginal propensity to save = amount saved / disposable income
$70 / 700 = 0.1
Marginal propensity to consume = amount spent on consumption / disposable income
$630 / $700 = 0.9
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if the risk of material misstatement is high, auditors can look for evidence that significant transactions are properly recorded using
If the risk of material misstatement is high, auditors can look for evidence that significant transactions are properly recorded using tests of details.
A major misrepresentation is an information in the financial statements that is sufficiently false to have an effect on someone who relies on those statements in making financial decisions.
While some errors are material by nature, they are not material by magnitude. For instance, a loan made to a director of a company, no matter how modest, is significant because those who utilize financial statements will consider it important when making decisions. Whether due to fraud or mistake, statements are false.
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If you need to save $1,000 for a new laptop and you‘ll need it in six months, what would your weekly savings goal need to be?.
If you need to save $1,000 for a new laptop and you‘ll need it in six months, your weekly savings goal need is $41.67.
Calculating the weekly savings goalsGiven data:
Expected amount to save =$1,000
Number of months = 6 months
Converting the number of months to weeks will gives us:
Number of weeks = 6 months × 4 weeks in a months
Number of weeks = 24 weeks
Now let determine the weekly savings
Weekly savings = $1000 / 24
Weekly savings = $41.67
Therefore we can conclude that you will have to save the amount of $41.67 on a weekly basis.
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Total costs include fixed and variable costs. ________ costs are independent of consumer demand, whereas ________ costs change with the level of consumer demand.
Total prices encompass constant and variable prices. Fixed prices are impartial of patron demand, while variable prices alternate with the extent of patron demand.
The required details for fixed costs in given paragraph
In accounting and economics, 'constant prices', additionally recognized as oblique prices or overhead prices, are business expenses that aren't depending on the extent of products or offerings produced via way of means of the business. They have a tendency to be recurring, together with hobby or rents being paid in keeping with month. These prices additionally have a tendency to be capital prices. This is in assessment to variable prices, which might be volume-related and unknown at the start of the accounting year. Fixed prices have an impact on the character of sure variable prices.
For example, a retailer ought to pay lease and software payments no matter sales. As every other example, for a bakery the month-to-month lease and make contact with line are constant prices, no matter how a great deal bread is produced and sold; on the alternative hand, the wages are variable prices, as greater employees might want to be employed for the manufacturing to increase.
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Each month you spend $500 buying coffee. If the price of coffee increases from $2 to $3, what happens to your purchasing power?.
Answer:
The purchasing power decreases.
Explanation:
Consumer purchasing power is determined by the Consumer Price Index, which surveys changes in the prices of goods and services over a period of months or years.
What is high purchasing power?
A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market.
How can we increase purchasing power?
Provide Value to Your Vendors. Retailers typically set their prices according to the gross margin made on every sale
Consolidate Purchase Orders.
Open New Markets.
The Power of Many.
Answer:
it decreases
Explanation:
it decreases because you won't be able to afford the amount that $500 can buy
Which of the following is not a broad category of safeguards that mitigate or eliminate threats to independence?
a. Safeguards implemented by the firm, including policies and procedures to implement professional and regulatory requirements.
b. Safeguards implemented by the attest client.
c. Safeguards created by the profession, legislation, or regulation.
d. Safeguards created to assure proper training within both the client and attest environment.
Safeguards implemented by the attest client is not a broad category of safeguards that mitigate or eliminate threats to independence.
In terms of international law, a safeguards is a limitation on trade or economic growth that shields local populations from aggressive expansion or domestic industries from foreign competition. Safeguards are typically viewed as responses to trade and economic growth processes that are compliant with international law, as opposed to unfavorable actions like dumping or subsidies.
The concept of mitigate in law states that a party who has suffered loss must take reasonable steps to reduce the magnitude of the harm.
Planning and zoning, protecting floodplains, acquiring and moving property, and public communication initiatives are examples of mitigation measures. mitigate Installation of catastrophe warning systems, equipment purchases for radio communications, and emergency response training are a few examples of preparedness measures.
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in some cases, the full cost of production is borne by someone other than the producer and the consumer. this will result in resources being:
This will result in resources being overallocated to the production of this good or service.
What are resources?Resources are all materials available in our environment that are technically accessible, economically feasible, culturally sustainable, and help meet our needs and desires. point.Resources can be broadly categorized according to their availability. They are divided into renewable and non-renewable resources. They are also classified as current and potential based on their level of development and utilization, biotic and abiotic based on their origin, ubiquitous and localized based on distribution (private, community-owned , national and international resources). Over time and as technology develops, items become resources. Benefits of using resources include increased prosperity, proper functioning of the system, or improved well-being. From a human perspective, natural resources are those extracted from the environment to meet human needs and desires.From a broader biological or ecological perspective, resources meet the needs of organisms (see Biological Resources)To learn more about resources from the given link :
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what are the two main components of the political and regulatory climate assessment that a global company must address?
Key aspects of the political and regulatory climate assessment: 1. How stable is the country in terms of its government? 2. How challenging is it to follow the trade laws there in order to conduct business?
Political thoughts are concerned with how power is acquired and employed, and it is closely tied to the legal system since governments, and the courts they select, decide what laws to pass and how those laws and regulations will ultimately be applied.
Governments respond to political forces, and the perception of international commercial operations is linked to the reality of local politics. Government is essential to global trade because it controls how individuals express their will.
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8 mins) you arrange to borrow a loan amount for some new furniture. the loan will be repaid in n equal, monthly payments (end-of-month payments) with interest compounded monthly at the monthly interest rate. what is the amount of the monthly payment? loan amount
The Monthly repayment amount is = 27.547
The compound interest formula is as follows:
A = P ( 1 + r-n )ntA = Amount as a whole
Principal equals $7,500.R is equal to 9.6% in decimal form (08 x 12).n: 12 is the number of times interest is compounded annually.Time in total is 36 months, or three years.
By changing the values in the aforementioned equation, we obtain
A = $9,991.72A = P+ Iwhere,
P = $7,500I = $ 2,491Let's now figure out the monthly payment:
9, 991.72 36= 27.547This is the amount due each month. = 27.547
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the concept of substitutes for leadership suggests that a need for independence is which type of characteristic that might neutralize leader behavior? a. leader b. team c. organizational d. task e. subordinate
The concept of substitutes for leadership suggests that a need for independence is a kind of subordinate characteristic that might neutralize leader behavior.
So, the correct option is E.
Both neutralizers and substitutes fall under the category of leadership replacements. While neutralizers only diminish the leader's impact, substitutes reduce the authority of the boss while improving the subordinates. Instead of acting in a leadership capacity, members can be satisfied or their needs can be clarified, making it unnecessary for the leader to attempt to do so. These alternatives occasionally add to a leader's conduct.
A subordinate's ability to execute well is dependent on both the situation and the subordinate's traits, as described by the leader's mode of operation. The trait model of leadership puts a lot of emphasis on figuring out what traits in people make for good leaders. knowledge and skill, intelligence, assurance in oneself, a high level of energy, and moral character.
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Checkpoint
What are the six basic activities completed by all businesses?
Six basic activities businesses are,
Sales. Every company's sales team is its lifeblood. Marketing. Marketing and advertising aid in the development of a brand and increasing the visibility of a company and its services.Finance. Accounting. Customer care. Human Capital.What is businesses?A business is defined as a company or organization that engages in commercial, industrial, or professional activities. Businesses can be either for-profit or non-profit organizations. Limited liability companies, sole proprietorships, corporations, and partnerships are all examples of business structures. Businesses are made up of individuals who collaborate to meet the needs of society as well as common goals. Coca-Cola and Walmart are two examples of businesses, as are smaller private businesses such as an accounting firm or a local grocery store. Business is an economic activity concerned with the production, distribution, and exchange of goods and services with the goal of profit by satisfying the infinite desires of human beings.To learn more about businesses, refer to:
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