If the quantity demanded of good x is greater than the quantity supplied of good x, then we can say that there is a shortage in the market for good x.
In economics, the word "quantity requested" refers to the overall amount of an item or service that customers desire during a specific period of time. The price of an item or service determines whether a market is in equilibrium or not.
The quantity of an item or service that is supplied, with all other factors being the same, is the amount that vendors are willing to sell at a specific price during a specific time. A supply schedule, with everything else remaining the same, lists the quantities supplied at various prices during a given time.
When the amount demanded exceeds the amount supplied at the going rate, there is a shortage.
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audio products, inc., produces two am/fm/cd players for cars. the radio/cd units are identical, but the mounting hardware and finish trim differ. the standard model fits intermediate and full-size cars, and the sports model fits small sports cars. audio products handles the production in the following way. the chassis (radio/cd unit) is assembled in mexico and has a manufacturing lead time of two weeks. the mounting hardware is purchased from a sheet steel company and has a three-week lead time. the finish trim is purchased from a taiwan electronics company with offices in los angeles as prepackaged units consisting of knobs and various trim pieces. trim packages have a two week lead time. final assembly time may be disregarded because adding the trim package and mounting are performed by the customer.
A Bill of Materials (BOM) is a detailed list that includes all the materials, parts, and components needed for the production or repair of a product, together with their names, descriptions, and prices.
Although the idea behind a BOM is simple, it can be challenging to create and manage, especially for items with hundreds or even thousands of pieces. For instance, if a supplier's inability to meet delivery schedules necessitates a change to one component, this change must be reproduced across the BOM wherever that component is utilised. Adhesives are one example of a basic component that has various uses.
Manufacturing is made more effective and precise, thanks to BOMs. An organisation can assess whether it has everything it needs to continue forward with a low risk of delays by identifying and pricing all the components and materials needed to manufacture a product before production starts. This lessens the possibility of both material shortages and component overproduction. BOMs assist manufacturers in staying within budget and on schedule by assisting in ensuring the proper materials and components are accessible at the right time and in the appropriate amounts.
In the given question, A Bill of Materials is being asked to produce for the given data, and the solution for which has been attcahed in the form of an image.
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Disclaimer: Your question is incomplete. Please complete your question by looking over the internet.
FILL IN THE BLANK. ___ is a type of technology that allows online chats in real-time text transmission over the internet between customers and service representatives.
Instant messaging (IM) technology enables real-time text transmission over the Internet or another computer network.
What is instant messaging?Instant messaging (IM) is considered to be a type of text-based communication where two people participate in a single conversation through their computers or mobile devices in an Internet-based chatroom.Instant messaging software is classified into two types: application-based and web-based. On the computer of the user, application-based instant messaging software is downloaded and installed.Instant messaging (IM) systems allow two people to communicate in writing immediately. To put it simply, instant messaging allows two or more people to communicate in real time. Furthermore, IM tools typically include file and link sharing, mentions, status updates, and other similar features. Instant messengers use IM not only to expand and stay connected with their social circle.To learn more about instant messaging refer to :
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Which of the following occurs when investment is crowded out by government spending? a) interest rates fall b) the amount of borrowing by the government falls c) the amount of government debt rises d) consumption increases
The following occurs when investment is crowded out by government spending: option C.
the amount of government debt rises What makes the government debt rise?The government debt level of a country is what the federal government of such country owes its creditors. When the government almost always spends more perhaps to invest than it realizes through taxes and other revenues, the government debt continues to rise.
Therefore, the implication of excessive investment or spending more that the expected amount of revenue could result to national debt.
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exercise 5-16 (algo) lower of cost or market lo p2 martinez company's ending inventory includes the following items. product units cost per unit market per unit helmets 23 $ 51 $ 55 bats 16 79 73 shoes 37 96 92 uniforms 41 37 37 compute the lower of cost or market for ending inventory applied separately to each product.
The ending inventory for Martinez Company using the lower-of-cost or market applied separately for the period is $7,262.
What is the lower-of-cost or market-value method?The lower-of-cost or market-value method recognizes that the ending inventory should be recognized in the balance sheet at one of two costs, purchase costs or market costs, whichever is lower.
The essence of this method is to avoid overstatement of the ending inventory in the financial statements.
Per Unit Lower of
Product Units Cost Market Cost or Market
Helmets 23 $ 51 $ 55 $1,173 (23 x $51)
Bats 16 79 73 1,168 (16 x $73)
Shoes 37 96 92 3,404 (37 x $92)
Uniforms 41 37 37 1,517 (41 x $37)
Ending inventory = 117 units $7,262
Thus, under this lcm method, Martinez will recognize ending inventory at $7,262.
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net present value (npv) is interpreted using the following decision rule: the investor will purchase the property as long as the npv is:
Net present value (NPV) is interpreted using the following decision rule: The investor will purchase the property as long as the NPV is: greater than zero.
The worth of all future cash flows, both positive and negative, discounted to the present, during the course of an investment, is known as net present value (NPV). In finance and accounting, NPV analysis, a type of intrinsic valuation, is frequently used to estimate the worth of a company, an investment security, a capital project, a new business venture, a cost-cutting initiative, and anything else that involves cash flow.
According to the net present value rule, business executives and investors should only finance initiatives or enter into contracts that have a net present value that is in their favor (NPV). They ought to stay away from funding endeavors with a negative net present value. It follows naturally from the principle of net present value.
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which manufacturing strategy involves designing, engineering, and building a unique product every time an order is placed?
A unique product every time as an order is Engineer-to-order (ETO), sometimes known as make-to-order, is a manufacturing method where a product is developed, produced, and constructed according to specifications only after an order has been received (MTO).
Engineer-to-order manufacturing, which is utilised when products are unique and extensively customised for the particular needs of individual Customers, refers to the manufacturing method in which the product is developed, produced, and constructed to specifications only after the order has been received.Make-to-order manufacturing, which is utilised when items are unique and substantially customised for the particular needs of individual consumers, involves designing, engineering, and building the product to specifications only after the order has been received.Make-to-order (MTO), sometimes known as made-to-reserve, is a commercial manufacturing technique that frequently enables customers to buy products that may be modified to their specifications.
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If slice-of-life pizza can get its restaurant to be used in an upcoming movie, then this would be a great form of.
Product placement would be about the process of getting your restaurant used in an upcoming movie.
What is product placement?It corresponds to the fact that a certain product or service of a company is inserted in a medium that reaches a high audience, such as in a film or at an event.
Therefore, this is a form of indirect marketing, when certain brands of products appear on a television program, for example, without actually carrying out the actual advertising, but rather presenting the product in an unpretentious and subtle way.
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In the natural gas industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary pipes and hoses makes it risky and, most likely, unprofitable for competitors to enter the market.
Economies of Scale
The statement "low average total costs are obtained only through large-scale production" defines the Economics of Scale
Large scale production:
Large scale production means the production of a commodity on a large scale with a large sized firm and it requires huge investments in plant and machinery.
Given,
In the natural gas industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary pipes and hoses makes it risky and, most likely, unprofitable for competitors to enter the market.
Here we need to define the concept that used here.
In the given question, they state that the low average cost of the product is happen when the production is larger. In this stage the profit is low.
While we looking these definition, we have identify that it will explain the scale of the economy.
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Mei wants to include the history of her company in her business presentation. Which two o the following steps should she take? - keep the description brief
The following steps she should take are:
- keep the description brief
- relate the history to the audience's needs
Records is a look at change through the years, and it covers all aspects of human society. Political, social, financial, medical, technological, medical, cultural, intellectual, religious and navy tendencies are all part of history.
Reading history helps us understand how occasions inside the beyond made things the way they're nowadays. With training from the past, we not best learn about ourselves and the way we came to be, but also develop the ability to avoid errors and create better paths for our societies.
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The market demand curve in a perfectly competitive market is ________ and the demand curve for a perfectly competitive firm's output is ________.
A) horizontal; downward sloping
B) downward sloping; upward sloping
C) downward sloping; horizontal
D) downward sloping; downward sloping
E) horizontal; horizontal
C) downward sloping; horizontal
The market demand curve in a perfectly competitive market is downward sloping and the demand curve for a perfectly competitive firm's output is horizontal.
In astronomy, geography, and related sciences and contexts, a direction or aircraft passing by means of a given point is stated to be vertical if it contains the local gravity route at that factor.[1] Conversely, a course or plane is said to be horizontal if it's miles perpendicular to the vertical course. In well-known, something this is vertical may be drawn from as much as down (or down to up), including the y-axis in the Cartesian coordinate machine.
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suppose the alaskan king crab harvest is unregulated and any person with a boat can go offshore, lower a crab pot, and harvest king crab. this common resource will likely be because the marginal social cost of harvesting crabs . a) Overharvested; is equal to the market price of crab. b) Overharvested; is less than the market price of crab.c) Efficiently harvested, is equal to the market price of crab.d) Overharvested, exceeds the market price of crab.
This common resource is likely to be overused since the marginal societal cost of capturing crabs exceeds the crab market price.
Why not define harvesting?The act of harvesting involves gathering a finished produce from the fields. Reaping involves cutting grain or pulses using a blade, sickle, or reaper to harvest them. On smaller farms with less equipment, harvesting requires the most labor during the growing season.
What does agriculture harvest mean?Definition. Gathering the usable part(s) of the plant is known as the harvesting process. It is a voluntary human intervention done at a point when all the nutrients have formed and the edible components have achieved a level of maturity suitable for the treatments to come.
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What two ways does an investor make money on a mutual fund?.
The two ways does an investor make money on a mutual fund are a fund may receive income in the form of dividends and interest on the securities it owns. The price of the securities a fund/investor owns may increase. When a fund sells a security that has increased in price, the fund has a capital gain.
A mutual fund is a pool of money collected from investors that are then invested in securities such as stocks or bonds. When you invest in mutual funds, you can earn in two different ways - through dividends and capital gains.
The funds that were invested in stocks provide dividends based on their market earnings. If you choose to receive these dividends, then you earn this amount.
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in the long run monopolistically competitive firms produce less than the output at which average total cost is minimized. this is referred to as:
In the long run, monopolistically competitive firms produce less than the output at which average total cost is minimized. this is referred to as zero economic profit.
If the zero economic profit is equal to its total expenses, which means its financial earnings are identical to zero, and the agency is in a country of ordinary income.
Ultimately, earnings and losses are eliminated due to the fact an endlessly wide variety of companies are generating infinitely divisible, homogeneous products. Companies revel in no barriers to entry and all clients have ideal facts.
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so far, you have studied two market structures: perfect competition and monopoly. you are now studying monopolistic competition. as the name suggests, monopolistic competition falls between monopoly and perfect competition. assign the characteristics listed below to the appropriate market structure. items (8 items) (drag and drop into the appropriate area below) one sellerlow barriers to entry and exitdifferentiated productsfree entry and exitpossible short run profits but no long run profitssimilar productssignificant barriers to entry and exit
The characteristics listed below to the appropriate market structure of monopolistic competition include free entry and exit and differentiated products. It's because monopolistic competition generally can be described as a market structure characterized by freedom of entry and exit and a differentiated product.
Monopolistic Competition firms have one characteristic that is like a competitive firm or freedom of entry and exit and one characteristic that is like a monopoly as known as a differentiated product provides market power. This form of market structure is common in a trip to the grocery store reveals large numbers of differentiated products like a breakfast cereal, toothpaste, laundry soap, and so on and also common in market-based economies.
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government can change markets through all of the following except . changing the tax rate awarding subsidies enacting regulations awarding large business contracts
Government can change markets through all of the following except awarding large business contracts. Thus, option D is correct.
What are markets?Any system that enables market participants to interchange any kind of commodities, services, and information is considered to be a market. A transaction is an exchange of commodities or services, whether it involves payment or not. the location whereby a sale and purchase between a number of individuals takes place.
In the following, all the examples are given where the government can change market policy. But awarding any sort of large business contract is not what government does. As it will not have the market situation or the flow of money in that sense. As it will not be suitable for the community.
Therefore, option D is the correct option.
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after all long-run adjustments have been completed, a firm in a competitive industry will produce that level of output where average total cost is at a minimum.
A company will always create that output at the point where total sales are highest in order to maximize profit. After all long-run adjustments are made, Company in a competitive industry will produce that level of output.
What makes up an industry's competitive landscape?
The dynamic external system in which a business competes and runs is known as a competitive environment. The environment in which you compete becomes more competitive when there are more vendors of a certain good or service.
How does competitive industry analysis work?
A competitor analysis, also known as a competitive analysis, is the process of locating rival businesses in your market and learning about their various marketing plans. In order to determine your company's relative strengths and shortcomings, you can use this data as a point of comparison.
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TRUE/FALSE. if the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds.
False, if the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds.
What is Consumer Equilibrium?It is assumed that when consumers choose how much of a given commodity or service to buy, their goal is to maximize total utility.The customer must contend with a number of restrictions in order to maximize total utility, the two most significant of which are their income and the costs of the items and services they want to purchase.The consumer's problem is the attempt made by the consumer to maximize total utility while taking these restrictions into account.Consumer equilibrium is the answer to the consumer's issue, which involves choices on how much the consumer will consume of a variety of goods and services.Hence, if the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds it is false.
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the state insurance code identifies all of the following as prohibited acts that can cause suspension, revocation or denial of an insurance producer license except
The state insurance code identifies all of the following as prohibited acts that can cause suspension, denial of an insurance producer license.
Insurance producers are people who sell insurance products. Insurance providers must be licensed in the state in which they sell insurance. This may require passing exams or meeting federal educational and/or ethical requirements.
The two terms are used interchangeably to describe the sale of insurance on behalf of one or more carriers. “Insurance agent” is the most commonly used term in the industry, while “insurance manufacturer” is often the formal title that indicates the usage of the license.
To become a property and casualty insurance agent in India, one must pass the IRDA IC 38 exam. On behalf of IRDAI (Insurance Regulatory and Development Authority of India), agent pre-employment checks are carried out by an agency approved by the regulator.
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which of the four panels represents the market for pizza delivery in a college town as we go from summer to the beginning of the fall semester?
Panel A represents the market for pizza delivery in a college town as we go from summer to the beginning of the fall semester. There is rightward shift in demand curve
Panel A represents that with the increase in price and quantity demanded there is a rightward shift to the demand curve.
A change in a factor that determines demand that is not related to price results in a shift in the demand curve. It takes place when there is a shift in demand for products and services despite there being no change in the price. In the event that the determinant leads to a rise in demand, the curve will move to the right. This indicates that increased demand for the commodity or service is occurring despite there being no change in its price of it. When the economy is doing well, consumers will have more disposable income. Even if the cost has remained the same, they are going to purchase a greater quantity of everything.
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you are going to take over a new project as the project manager in an enterprise unknown to you. what should you investigate during the chartering process? group of answer choices enterprise environmental factors project management plan project risk register team performance reports
You are going to take over a new project as the project manager in an enterprise we should investigate enterprise environment factors during the chartering process.
Chartering process- The process of renting a ship to transport cargo from one location to another is known as ship chartering. This is similar to how a company might hire a lorry to transport goods by road. A charter party is an agreement made between the parties involved in ship chartering, namely the charterer and the shipowner.
Decisions about voyage planning and execution affect energy efficiency and distinguish between commercial and nautical components of energy efficiency. Commercial decisions for voyage planning are influenced by changing market conditions and have a greater impact on energy efficiency than nautical decisions for voyage execution.
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What is the biggest difference between international governmental organizations and nongovernmental?.
The biggest difference between international governmental organizations and nongovernmental organizations (NGOs) is Governmental organizations are formally recognized.
What is meant by governmental organizations?A government organisation, sometimes known as a public agency, is frequently a body that the government has appointed. It may be permanent or semi-permanent, and it receives funding from the government. Within a federal system, a government agency may be established by both the federal government and a state government.
In a market economy, the government's primary responsibility is to oversee and manage the financial and economic systems. In a regulated market, there are several types of rules, such as control, oversight, antidiscrimination, environmental protection, taxes, and labor laws. Organizations in the public sector are those that are exclusively associated with the government.
The complete question is : What is the biggest difference between international governmental organizations and nongovernmental organizations (NGOs)?
Governmental organizations are formally recognized.
Governmental organizations cooperate with local governments.
NGOs are formally recognized.
NGOs cooperate with local governments.
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which term describes when an outsourcing decision refers to the components of a manufacturing product?
Make-or-buy decision term describes when an outsourcing decision refers to the components of a manufacturing product.
The term "outsourcing" refers to a contract in which one company employs another company to handle a planned or ongoing operation that is now being performed internally or may be. In certain cases, workers and assets are transferred from one company to another.
The phrase "outside resourcing" gave rise to the word outsourcing, which was first used no later than 1981. The idea, which The Economist claims has "made its influence felt since the Second World War," frequently entails contracting out a business process, operational, and/or non-core tasks, such manufacturing, facilities management, and contact centres and call centre assistance.
Hence the correct option is B.
The above question is incomplete, the complete question is-
Which term describes when an outsourcing decision refers to the components of a manufacturing product?
A special order decision
B Make-or-buy decision
C Unit outsourcing
D Transfer of ownership decision
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a. what type of price control would policy makers use to keep the price of beef from getting too high?
Price floor can be used by policy makers to keep the price of beef from getting too high.
A price floor is a restriction on how low a price can be imposed for a good, item, or service that is set by the government or another party. To be effective, a price floor needs to be greater than the equilibrium price.
It is the least amount that is permissible under law to exchange products and services, labor, or financial capital.
The minimum wage, which is founded on the normative idea that someone performing a full-time job should be able to afford a basic level of living, is maybe the best-known example of a price floor.
In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically set a price floor.
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is defined as the relevant knowledge a person can leverage to solve a problem. a. managerial competence b. technical expertise c. subject matter expertise d. team-building know-how
The relevant knowledge a person can leverage in the business sector, leveraged buyouts, or LBOs, have a mixed reputation. A business can be purchased through an LBO using money that is virtually entirely given out through loans or bonds. The correct answer is Tean building know -how.
In certain circumstances, the company's financed assets are used as loan collateral. As a result, businesses can purchase large enterprises without spending a lot of money.Activities that are appropriately scheduled for long-term execution are typically located in the second quadrant of the credibility matrix. The leader in this quadrant must cultivate knowledge building and technical expertise since is sometimes referred to as the "Golden Quadrant" because it is the quadrant where the majority of the activities of high performing firms are concentrated.It is also regarded as the most desired quadrant because, in contrast to the first quadrant, where we need quick and practical solutions that, most of the time, necessitate some future rework because they are palliative, or temporary, solutions, this quadrant involves knowledge building and technical competence but also has time to make decisions because it is something planned.
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the three dates related to a cash dividend include all of the following: (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.)
The complete question is attached here, the three dates related to cash dividend include the Date of record, Date of declaration, Date of payment
The date of declaration is the date on which the board of directors of a company reports the next profit payment. Once the vote is passed, a liability account is set up since the board of directors signs a note payable to the existing shareholders within the frame of a dividend. The company at that point owes the shareholders this cash,whereas. The date of record is the day on which the company checks its records to distinguish shareholders of the company and the date of payment is the day that a company pays its profits.
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The complete question is attached here.
describe analytics models and data that could be used to make good recommendations to the power company.
Analytical models are mathematical fashions that have a closed structure solution, i.e. the answer to the equations used to describe adjustments in a system can be expressed as a mathematical analytic function.
What are the 5 kinds of statistics analytics?5 Types of analytics: Prescriptive, Predictive, Diagnostic, Descriptive and Cognitive Analytics - WeirdGeek | Data analytics, Data evaluation tools, Data science.
To relieve frustration and supply a better analytics answer and ride for the organization, information and commercial enterprise analysts should focal point on strengthening the three pillars of information analytics: agility, performance, and speed.
Statistical evaluation can be further damaged down into Descriptive Analytics and Inferential Analysis.
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https://brainly.com/question/28148024#SPJ4because the products of monopolistically competitive firms arefrom other companies in their industry, these firms are able to have some control over theof their products.
Monopolistically competitive businesses can have some influence over their product prices since their goods differ from those of other businesses in their industry.
What transpires to a corporation that is monopolistically competitive?Due to the fact that it does not produce at the minimum of its average cost curve or where P = MC, a monopolistically competitive firm is inefficient. As a result, a firm that is monopolistically competitive would typically produce less at a higher cost and charge more than a firm that is perfectly competitive.
Who gains from monopolistic competition?It is a market structure in which the market is dominated by just one seller. Since they are the sole providers of goods or services in specific industries and hold the majority of the market share, businesses operating under monopolies typically have an edge over potential competitors.
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target works with its advertising agency to develop a message to reach the right consumers and to motivate them to take action. the message could be communicated on television or radio, or in print advertisements, and the choice must be appropriate for the target market. since target aims to reach bargain shoppers, it decides to advertise in the sales flyers of local papers. when the papers come out, target's advertising director sees that walmart (target's major competition) has run similar ads promoting a sale at the same time. fortunately, this has no effect on target's campaign. as expected, a significant number of target customers like melissa, a mom of two school-aged children, saw the ad and headed straight to target. in fact, significantly more consumers than usual visited targets all around the country during the sale.
Target creates a Back-to-School Campaign is the Sender.
Advertising agency creates print ad is the Transmitter Encodes:
Ad runs on local Sunday newspaper is the Communication Channel
Melissa buys the paper and plans to go shopping for her children's supplies is the Receiver Decodes
Store traffic increases is the Feedback
Communication channels are the means via which you communicate with one or more individuals. In the context of your business, this means that there are a variety of media and interpersonal channels via which you can communicate and that matching the appropriate channel with the message you wish to express will affect how well that message is received.
Target is the Sender because it is the one who created the Campaign and plans to use it to communicate its product. The advertising firm encodes the print advertisement similarly to the transmitter based on Target's aims. The advertisement appears in the Sunday edition of the newspaper as that is the selected medium of communication. The intended recipient in this case is Melissa, who decodes the message and takes action by going shopping for her kids' necessities. The target audience's increased store traffic serves as feedback.
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bob worked for the city of philadelphia last year. the money he earned as salary is considered what kind of income?
The money he earned as salary is considered as active or ordinary income.
What is an ordinary income?The nature of an income determines its kind under the Internal Revenue Code of the United States. Income other than long-term capital gains is typically referred to as ordinary income. Ordinary income can include net profits from a sole proprietorship, partnership, or LLC as well as revenue from gratuities, commissions, bonuses, and other forms of employee remuneration. It can also include interest and dividends. Additionally considered as regular income are rents, royalties, and wins from gaming after taking certain deductions, depreciation or depletion allowances. The gain on the sale of an asset held for less than one year of the capital gains holding period is referred to as a "short term capital gain" and is taxed as ordinary income.
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in spite of the new technologies, the use of oil sands remains controversial because of the environmental impact. is the increased production of petroleum worth the environmental risks? justify your response.
Tar sand extraction emits up to three times more global warming pollution than does produce the same quantity of conventional crude. It also depletes and pollutes freshwater resources and creates giant ponds of toxic waste. Refining the sticky black substance produces piles of petroleum coke, a hazardous by-product.
Oil sand extraction outcomes within the accumulation of huge amounts of residual waste referred to as tailings, which incorporate a combination of water, clay, un-recovered bitumen and solvent, and dissolved chemicals, which include some organic compounds which might be poisonous. those tailings are stored in big ponds just like water dams.
Oil and fuel drilling has a serious impact on our wildlands and communities. Drilling initiatives function across the clock producing pollution, fueling weather exchange, disrupting the natural world, and adverse public lands that have been set aside to the advantage of every person.
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