Utilizing internal resources offers a company a superior competitive edge because they are already available to generate economic profit.
What is Profit in terms of Economics?In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used. Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity. Income is the actual amount of money earned in a certain time period, whereas profit is the difference
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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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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? question 1 options: vice president of sales sales rep sales assistant sales manager
Answer: Vice President of Sales
what is the pool of money that is collected from a $3 check-off on the federal income tax form that is available to presidential candidates for campaign expenses?
To participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states.
Moreover, under the Presidential Public Financing Program, eligible presidential candidates receive funds from the federal government to pay qualified expenses for their political campaigns in the primary and general elections.so thats whyTo participate in the primary matching fund program, a presidential candidate must demonstrate broad support by raising more than $5,000 in matching contributions in each of 20 different states. Candidates must agree to use public funds only for campaign expenses and must adhere to spending limits.
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what is the difference between the deductions from employee paychecks termed levies and garnishments?
The difference between the deductions from employee paychecks termed levies and garnishments is that the levies are ordered by the federal government and garnishment by the courts.
Wage garnishments are deducted from an employee's pay in accordance with a court order to pay back a debt or fulfill a legal requirement. The most frequent reasons for income garnishments include child support, unpaid taxes or credit card debt, defaulted school loans, medical expenses, and unpaid court costs.
Every pay period, up until you make other arrangements to pay your past-due taxes, a portion of your salary will be paid to the IRS if the IRS levies (seizes) your wages. You've paid all outstanding taxes you owe, or. The levy is released.
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if a company failed to make the end-of-period adjustment to move the amount of revenue that was earned from the unearned revenue account to the revenue account, this omission would cause:
If a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.
Liabilities are owing debts or legal responsibilities to another individual or business. Liabilities, then, are future forfeitures of economic gains that an entity must make to other entities as a result of previous occurrences or previous transactions.So,if a company failed to make the end-of-period adjustment to remove from the unearned management fees account the amount of management fees that were earned, this omission would cause an overstatement of liabilities.
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as the aggregate price level in an economy decreases, group of answer choices imports decrease. interest rates decrease. consumer demand decreases. investment decreases.
As the aggregate price level in an economy decreases, the imports decrease. Aggregate price is the overall cost associated with producing a good, offering a service, or carrying out a project.
Because it includes all costs connected with a project's or production's overall cost, aggregate price is also sometimes referred to as "total cost." When calculating total cost, many different aspects of performing a project, creating a product, or providing a service are considered. These elements include fixed costs, which stay the same throughout the course of the project, as well as variable costs, which can change depending on the specifications needed to produce a good or provide a service.
A region where products and services are produced, traded, and consumed is called an economy. A system of interconnected production and consuming activities, called an economy, ultimately determines how resources are distributed within a population.
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Select the correct answer.
What helps art directors ensure that ad vision works on the screen and allows cost effective critical changes to take place before production?
A.
Copywriting
B.
Storyboarding
C.
Animating
D.
Auditioning
Answer:
Storyboard I think it might be right
Answer:
B
Explanation:
I took the test!
comparing amounts selected from the payroll account analysis for payroll accruals to supporting documentation would provide evidence primarily for which assertion?
Existence would be shown by comparing amounts chosen from the payroll account analysis for payroll accruals to supporting documentation. The accounting function examines the reconciliation of employee perks including gratuities and superannuation plans.
The accounting function known as payroll accounting oversees the administration, documentation, calculation, and analysis of employee remuneration. Along with determining the employee salaries, they also work on calculating taxes and benefits.
When a corporation records the compensation of its employees, including their gross wages, salaries, bonuses, commissions, and other earnings, payroll taxes, such as federal income taxes, are withheld.
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kimura company starts the year with net property of $120,000 (including $20,000 of accumulated depreciation) and finishes the year with net property of $140,000 (including $30,000 of accumulated depreciation) in state a. in addition, kimura has $400,000 of goodwill and rents a building in state a for $10,000 per year. assuming total average property everywhere for kimura is $1,000,000, calculate the state a property factor.
If kimura has $400,000 of goodwill and rents a building in state a for $10,000 per year. assuming total average property everywhere for kimura is $1,000,000, the state a property factor is: .235.
How to find the property factor?Using this formula to find the property factor
Property factor ={[(Net property + (Net property +accumulated depreciation)/2] + Rental)} / Average property
Let plug in the formula
Property factor = {[($140,000 + $170,000)/2] +($10,000 x 8)} /$1,000,000
Property factor = ($310,000/2) +$80,000] /$1,000,000
Property factor = ($155,000 + $80,000) /$1,000,000
Property factor = $235,000/$1,000,000
Property factor =.235
Therefore the Property factor is .235.
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Thomas is the chief information officer at a food manufacturing company. The is used in the company are manufacturing oriented and provide little support to accounting. In this case, thomas will most likely report to the ________ of the company.
Thomas is the chief information officer at a food manufacturing company. The is used in the company are manufacturing-oriented and provide little support to accounting. In this case, Thomas will most likely report to the chief executive officer of the company.
A chief government officer (CEO), additionally referred to as an important executive officer (CEO), chief administrative officer (CAO), or simply chief government (CE), is one of the corporate executives charged with the management of an enterprise – specifically an independent felony entity together with an organization or nonprofit organization. CEOs discover roles in more than a few agencies, consisting of public and private organizations, non-earnings businesses, or even some authorities businesses (significantly nation-owned firms).
The CEO of a business enterprise or enterprise typically reviews the board of administrators and is charged with maximizing the value of the commercial enterprise, which might also include maximizing the percentage fee, market percentage, revenues, or every other detail. in the non-income and government zone, CEOs usually goal at attaining effects associated with the employer's assignment, generally furnished with the aid of regulation. CEOs also are often assigned the function of the major manager of the organization and the highest-rating officer within the C-suite.
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caspian sea drinks needs to raise $30.00 million by issuing bonds. it plans to issue a 12.00 year semi-annual pay bond that has a coupon rate of 5.08%. the yield to maturity on the bond is expected to be 4.76%. how many bonds must caspian sea issue? (note: your answer may not be a whole number. in reality, a company would not issue part of a bond.)
The Caspian sea should issue 29,354 bonds.
Given in the Question:
Coupon rate = 5.08%
Yield to maturity = 4.76%
Rate = Yield/2 = 2.38%
N = 12 = 12×2 semiannually = 24 semiannually
Face value = $1000
PMT = (face value*coupon rate)/2 = $25.4
Need to find price which is PV
Using the financial calculator, PV = $1022
Number of bonds to be issued = 30,000,000/1023 = 29,354
Hence, the Caspian sea issued 29,354 bonds.
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giorgio had cost of goods sold of $9,433 million, ending inventory of $2,101 million, and average inventory of $1,977 million. its inventory turnover equals:
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,433/$1,977 = 4.77 times
Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period. The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.
Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio. It is one of the efficiency ratios used to gauge how well a business uses its resources.
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metro holding company agrees to sell a vacant lot to new town property llc. the contract provides that if metro does not close the deal by october 15, it must pay new town one-half of the contract price. this provision is not enforceable because it is
The Metro Holding Company agrees to sell a vacant lot to New Town Property LLC. If the deal is not finished by October 15, Metro is required by the contract to pay New Town half of the agreed-upon amount. This clause is unenforceable since it contains a penalty provision.
An example of a penalty clauseA penalty clause is a provision in a contract that establishes disproportionately high liquidated damages as punishment for breaching the terms as opposed to an accurate prediction of the harm the violation would result in.
What wording should be used in a penalty provision to make it enforceable?Make sure that the innocent party fulfills the principal responsibility in a way that is appropriate for any legitimate interests that may be present.
Check to see if there is a true estimation of
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the fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting what? multiple choice question.
The fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting: C. Recharging each day.
What is physical fitness?Physical fitness can be defined as a measure of both the physical and mental soundness (wellness) or ability of an individual to engage in physical exercises, sports, work and other day-to-day activities.
The five components of physical fitness.Generally, there are five (5) main components of physical fitness and these include the following:
Body fat compositionFlexibilityMuscular enduranceCardiovascular enduranceMuscular strengthSince research has shown that 25 percent of workers are burned out while 44 percent more are burned out occasionally, we can reasonably infer and logically deduce that these workers have neglected the need to recharge daily.
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Complete Question:
The fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting what?
Multiple choice question.
Practicing self-direction
Maintaining consistent focus
Recharging each day
Meeting goals each day
michelle owns an independent bookstore and has observed that college graduates read more than people without degrees. she is considering offering a 10% discount on book purchases to customers who have a postsecondary degree. why might michelle's plan hurt rather than help her business? whether an individual has a postsecondary degree is not easily verifiable. high educational achievement is not a difficult-to-change characteristic. people with higher education typically earn more than others and so may have a higher willingness to pay. people who read more books are likely to have a higher willingness to pay than others.
People who read more books are probably more willing to pay than other people, which is why Michelle's plan might harm rather than benefit her business.
Businesses are organizations or enterprising entities involved in commercial, industrial, or professional activities. To coordinate some benefit form of economic production is the goal of a business. Businesses can be for-profit corporations or nonprofit groups with a charitable aim or advancing a social cause. From small, local businesses to large, global corporations, businesses range in size and scope.
Business also refers to the actions and endeavors made by people in order to produce and market goods and services for a profit. People who read more books are probably more willing to pay than other people, benefit which is why Michelle's plan might harm rather than benefit her business.
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which term refers to a system in which workers complete their tasks in separate departments without regard to the consequences for the other components of the process?
The silo effect refers to a device wherein employees whole their duties in separate departments without regard to the results of the alternative additives of the process.
what's the Silo Effect?The silo impact is mainly the end result of compartmentalization in an organization. That is, whilst there may be a separation of men and women and corporations, silos are formed, and the effects might be that the corporations do now no longer make company efforts for the development of the general goal.
There isn't any collaborative attempt to useful resource the overall goal of the company and in lots of cases, positive booths will improve the others and it could bring about a setback for the enterprise as a whole.
The silo impact capitally suggests insularity amongst departments in an organization. This separation is a prime downside to a revolutionary enterprise organization as it breeds division, alienation, and a common war of words amongst corporations.
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taylor bank and trust is a federal reserve member bank. it has several employees who act as mortgage loan originators. with which entity do these employees need to register?
As a result, the Federal Housing Administration (FHA) established national lending standards and transformed the mortgage industry by providing insurance against default to lenders who originated loans as long as they satisfied two important requirements:
they had to provide fixed-rate, lengthy, fully amortizing mortgages, and they had to make sure that mortgages...A first mortgage is what?
The term "first mortgage" describes when a property initially received a mortgage loan.
This debt is frequently senior to any subsequent loans, which means that in the event of default, they take precedence. This is a First Mortgage since the loan from Taylor Bank & Trust was obtained first.
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during march, zea incorporated transferred $62,000 from work in process to finished goods and recorded a cost of goods sold of $68,000. the journal entries to record these transactions would include a:
The journal entries to record the transactions would include a credit to work in process of $62,000.
What does a journal entry include?Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes. The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
Although journal entries may include many data points following are the primary ones :
a header with the entry type described and the date entered in the journalsum of money(s), the account(s), and date(s) on which the transaction will debit those account (s)a special reference or identification number;one or more accounts, the sum(s) that will be credited, and the date or dates on which these credits will be effected;a concise explanation of the transactionJournal entries may also contain other pertinent information for the company, such as the subsidiary or subsidiaries participating in the transaction and the currency or currencies used.
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who would provide the final approval for decisions made for a bullying awareness program? a.) project team members b.) project manager c.) users d.) project sponsor
The very last acclaim for selections made for a bullying attention software is b.) task manager .
The required details for Project manager in given paragraph
A task manager is a expert within side the discipline of task control. Project managers have the duty of the planning, procurement and execution of a task, in any venture that has a described scope, described begin and a described finish; irrespective of industry. Project managers are first factor of touch for any problems or discrepancies bobbing up from within side the heads of numerous departments in an organization earlier than the trouble escalates to better authorities, as task representative.
Project control is the duty of a task manager. This man or woman seldom participates at once within side the sports that produce the result, however alternatively strives to hold the progress, mutual interplay and tasks of numerous events in any such manner that reduces the danger of ordinary failure, maximizes benefits, and minimizes costs.
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the process of developing an approximation of monetary resources needed to complete project activities is known as:
the process of developing an approximation of monetary resources needed to complete project activities is known as estimate cost.
The cost that will be incurred to create a product or construct something is projected as an estimated cost. This sum is determined either as part of a sales bid when attempting to sell to a customer or as part of the capital budgeting process for an internal project.
Predicting the quantity, cost, and price of the resources needed to execute a task within the project's scope is the goal of cost estimating. Cost estimates are used to influence your work and budget planning process as well as to bid on new business from potential clients.
The options for the question are:
a. determine a budget.
b. estimate resources.
c. estimate cost.
d. estimate activities.
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in which option for entering the international marketplace would you find a contractual agreement that gives a local owner/operator the right to use the name and marketing support from the mcdonald's corporation?
In licensing option, the international marketplace would you find a contractual agreement that gives a local owner/operator the right to use the name and marketing support from the McDonald's corporation.
Giving a foreign business permission to produce a company's goods in another nation in exchange for a fee is known as licensing. These connections frequently revolve around patented technology.
The top executives of a company must determine the best strategy for entering a new nation. Five fundamental choices are available: Exporting is the first option, followed by establishing a wholly owned subsidiary, franchising, licensing, joint ventures, and strategic alliances. The degree of control a firm has over its operation, the entrance cost, the level of risk, and the portion of the operation's revenues that the firm keeps all differ between these alternatives.
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eva reviews daily reports to identify errors. then she meets with representatives from the purchasing and inventory departments to discuss ways to eliminate or prevent recurring problems.which type of motivational strategy is eva's organization using by allowing her to make decisions about her work?
Eva checks daily reports for mistakes. She then meets with representatives of the inventory and purchasing departments to talk about how to stop or avoid repeating issues.
What are inventory management and purchasing?The creation of customized approval rules by the purchase management system enables quick approvals and order placement for the prompt delivery of inventory stock. An organization's purchasing and inventory control processes are streamlined through purchase management to increase productivity and cut expenses.
fundamental inventory problems:
How much to order and when to order are the two fundamental inventory problems. The two fundamental problems in inventory management are quantity and timing.
Explain the inventory problem using an illustration:
The inventory problem is the broad issue of how much merchandise to keep on hand in case demand increases in the future. Losses are brought on by either stockpiling items for which there is no demand or by being unable to meet demand (for example, a store losing sales or soldiers running out of ammunition in battle).
The procedure for managing inventories:
No matter the size or kind of the firm, the fundamentals of inventory management are generally the same. Inventory management is a difficult process, especially for larger organizations. In inventory management, supplies are transported to a warehouse's receiving area and placed in stock areas or on shelves. These supplies are often in the form of raw materials or components.
Lot numbers, serial numbers, cost of goods, quantity of goods, and the dates when they move through the process are just a few of the data that inventory management employs to keep track of the products as they travel through the process.
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assurance services differ from consulting services because group of answer choices assurance services focus on improving information and generally do not involve situations in which one party wants to monitor another. assurance services usually involve situations in which one party wants to monitor another and focus on improving information. assurance services focus on providing advice and involve two-party arrangements. assurance services focus on providing advice and usually involve situations in which one party wants to monitor another.
As assurance services frequently entail scenarios where one party wants to monitor another and concentrate on improving information, they differ from consulting services.
Consulting services are not included in assurance services. Because they are both provided utilizing a similar set of knowledge and abilities, assurance and consulting services frequently overlap. The difference between assurance and advisory services and consulting services is that the former concentrate on information improvement while the latter aim to offer counsel.
Additionally, as opposed to the typical two-party agreements in consulting engagements, assurance and advisory services frequently involve monitoring of one party by another (typically within the same organization).
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the next dividend payment by im, incorporated, will be $1.87 per share. the dividends are anticipated to maintain a growth rate of 4.3 percent forever. the stock currently sells for $37 per share. a. what is the dividend yield? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what is the expected capital gains yield? (enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)
Dividend Yield = Dividend for Next Period/Current Price
Dividend Yield = $1.87/$37
Dividend Yield = 5.05%
Capital Gains Yield = Growth Rate
Capital Gains Yield = 4.3%
What is Dividend Yield?
The relationship between a stock's annual dividend payment and stock price is defined as the dividend yield. Know that when you use the term "dividend yield," you are only referring to the dividend yield for the specific stock price at that time because dividend yield clearly fluctuates as stock prices do on the stock market. The dividend yield would fluctuate if a stock's price changed significantly during a trading day.
Dividend Yield = Annual Dividends Per Share ÷ Current Share Price
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assume there is no foreign trade, the government sector has a balanced budget, and the economy is in equilibrium. if actual investment is greater than desired investment, then it is most likely that
Assume there is no foreign trade, the government sector has a balanced budget, and the economy is in equilibrium. If the actual investment is greater than desired investment, then it is most likely that a GDP gap emerges.
The phrase equilibrium has a root inside the Latin phrase libra, which means that weight or balance. some examples of equilibrium are A e-book stored on a table at rest. A car transfers with a consistent velocity. A chemical response in which the quotes of forward reaction and backward response are equal.
Human blood incorporates a buffer of carbonic acid (H2CO3) and bicarbonate anion (HCO3−) a good way to keep a blood pH between 7.35 and seven. forty-five. A fee better than 7. eight or lower than 6.8 can result in loss of life. on this, hydronium ion and bicarbonate anion are in equilibrium with carbonic acid.
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if the executives of the u.s. silicon-chip industry lobby congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency, they are using the:
If executives in the United States' silicon-chip sector import protection on the grounds that their industry is nascent and requires time to increase technological efficiency, they are utilizing the national security argument.
The United States of America, sometimes known as the United States or America, is a country in North America. It is made up of 50 states, a federal district, five large unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. It is the third-largest country in terms of land area and total area. The United States shares geographical borders with Canada to the north and Mexico to the south. It shares maritime borders with the Bahamas, Cuba, Russia, and other countries.
It is the third most populated country in the world, with a population of over 331 million people. The United States is a highly developed country, and its economy is significant.
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the sec has just declared the registration statement for the iceberg fund to be effective. what does this mean?
A company that filed a registration statement with the SEC, which uses method that is only available to seasoned issuers, is valid for 3 years.
What is securities and exchange commission (SEC)?
Securities and exchange commission refers to a government agency that is responsible for enforcing laws at the federal level in order to protect Americas who deal in the securities market.
This government agency protects:
Investors,
Provides data
Regulates the market
Facilitate capital formation.
Hence, a company who filed a registration statement with the SEC that uses a method that is only available to seasoned issuers. This registration statement is good for 3 years
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precious has a 10-mile commute each morning that is usually a fairly pleasant 15-minute drive. next week, the highway department began a major construction project that will cause precious to experience delays, detours, and slowdowns during her commute for the next 6 months. her stressor would be considered
Her stressor would be considered a hassle. For six months, she will struggle because she has to change her route.
What is a stressor?A stressor is a chemical or biological agent, environmental factor, outside stimulation, or event that is thought to put an organism under a hassle condition. In terms of psychology, a stressor might be situations or occurrences that people may view as demanding, difficult, or endangering their personal safety.The following situations or things could cause a hassle response: external stressors (hypo or hyper-thermic temperatures, elevated sound levels, over-illumination, overcrowding) daily stress' incidents (e.g., traffic, lost keys, money, quality and quantity of physical activity) Changes in life (e.g., divorce, bereavement) Occupational stressors a stressors involving chemicals (e.g., tobacco, alcohol, drugs) stressor in societyTo learn more about stressor from the given link:
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is (are) the endogenous variable(s) in the phillips curve. a. expected inflation b. inflation c. the natural rate of unemployment d. all of the above e. none of the above
A.W. Philips introduced the Philips curve idea. It claims that inflation and employment growth are linked to economic growth. In other words, as the economy grows, fewer people will be unemployed and more jobs will be created, but inflation will rise.The answer is All of the above.
Therefore, there is a trade-off between unemployment and inflation.Inflation is more than anticipated when the unemployment rate is lower than the natural rate of unemployment. A downward-sloping demand curve indicates that unemployment and inflation have an inverse relationship.Actual inflation will be lower than anticipated when unemployment is higher or higher than the natural rate.As labour demand increases, employers raise wages to remain competitive and attract talent from a smaller talent pool. As a result, the number of unemployed workers decreases and unemployment rates decrease.The cost of corporate salaries Is increasing, and companies pass these costs on to consumers by rising prices.The belief system led to the adoption of the “stop-go” method, in which the economy was expanded or constricted through monetary and fiscal policies in order to achieve the target rate of inflation.
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When i look back on the decisions i've made, it's clear that i made some of my best choices not through a thorough analytical investigation of my options, but instead by trial and error and, often, simply by accident. the somewhat random aspect of my success or failure is, at the same time, both encouraging and scary?
According to constructivists, human "knowledge is not part of an objective, external reality that is separate from the individual."
When major organizational changes are initiated, it is frequently assumed that training?Original Information: People in positions of authority typically initiate major changes. A common misconception is that training will "solve the problem." As a result, in the hands of non-committed users, potentially useful innovations are mishandled or even ignored.
People tend to assume when major top-down changes are initiated in organizations?People often think that members of an organization will need training to help them change their behavior when major top-down changes are made. Even though training might be helpful, employees might still not do what management wants them to do if they aren't willing to accept the changes.
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