In the context of organizational decisions at the tactical management level, Unstructured decisions are often used in resolving conflicts between two divisions.
What is unstructured decision with example?Unstructured decisions require the decision-maker to exercise judgment, assessment, and understanding of the problem definition.Contrarily, structured decisions can be handled efficiently by following a set process because they are repeated and routine.An unstructured choice can involve deciding how to handle a labor dispute or how to establish guidelines for the use of new technologies.A semi-structured choice is one in which the majority of the necessary criteria are known, but the decision may still be impacted by the decision-experience maker's and other external influences.By using a relational database, structured data is arranged.However, semi-structured data is organized using XML/RDF in some cases.To learn more about organizational decisions refer
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What are the 2 definitions of inflation?.
Inflation is defined as increasing prices throughout the economy. A more precise definition of inflation would be a growing force in an economy's overall price level. Inflation was defined as an increase in the cost of existence caused by rising prices for goods and services.
Economists divide inflation into 2 kinds: demand-pull inflation as well as cost-push inflation. Most kinds of inflation raise the overall market price of an economy.
In economics, two kinds of inflation can be distinguished: demand-pull inflation as well as cost-push inflation. Customer inflation arises whenever the demand for goods as well as services exceeds the readily economic capacity to satisfy it.
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Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance sheets Property, plant, and equipment (net) $ 470 $545 Income statement Net sales for 2017 $5,070 Required: 1. Calculate the company's 2017 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Fixed-asset Turnover Ratio I Choose Denominator: = Fixed-asset Turnover Ratio Choose Numerator: Fixed-asset Turnover Ratio times
If Nvidia Corporation, a global technology company located in Santa Clara, California. the company's 2017 fixed-asset turnover ratio is 9.99 times.
How to find the fixed assets turnover?First step is to find the average fixed assets
Average fixed assets = $470 + $545 /2
Average fixed assets =$1,015 /2
Average fixed assets = $507.5
Now let find the fixed assets turnover using this formula
Fixed assets turnover = Net Sales/ Average fixed assets
Let plug in the formula
Fixed Asset Turnover = $5,070 / $507.5
Fixed Asset Turnover = 9.99 times
Therefore the fixed assets turnover is 9.99 times.
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mia has been asked by top management to develop financial that the company will achieve over the next one- to ten-year period. question 18 options: a) plans b) goals c) directives d) strategies e) objectives
Mia has been asked by top management to develop financial goals that the company will achieve over the next one- to ten-year period.
What is financial goal mean?A financial objective is something you should strive for when handling your money. It could entail investing, earning, spending, or even saving. To expand a pricing range, a list of economic objectives must be created.
The majority's top long-term financial objective is to save enough money to retire. The common wisdom states that you should put between 10% and 15% of each paycheck into a tax-advantaged retirement plan, such as a 401(k) or 403(b), if you need to gain access to one, or a traditional IRA or Roth IRA.
Start by making your financial aspirations "SMART." The words "specific, measurable, possible, realistic, and time-related" are abbreviated as "SMART."
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the cotton gin indirectly reinvigorated the need for slaves in the south because it please choose the correct answer from the following choices, and then select the submit answer button. cheapened the cost of tobacco production in the upper south. required slaves to produce the expensive machinery. enabled short-staple cotton to be cultivated profitably on the mainland. made the cost of cotton production more expensive, requiring cost savings in labor.
Cotton farming became so profitable for slaveholders that it greatly increased their demand for both land and slave labor. In 1790, there was Still, the cotton gin had transformed the American economy.
For the South, it meant that cotton could be produced in abundance and cheaply for domestic use and for export, and by the mid-19th century, cotton was America's leading export. The gin separated the sticky seeds from the fibers in short-staple cotton, which was easy to grow in the Deep South but difficult to process. The gin improved the separation of seeds and fibers, but cotton still had to be picked by hand. the need for slaves increased to keep up with the profitability that came with their invention. The cotton gin was used to remove the seeds from cotton. The cotton gin helped the South produce more cotton, leading to increased demand for cotton.
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When a publisher’s sales representative visits the office of a university professor without an appointment to discuss the latest textbook offerings available, this is an example of.
Cold calling occurs when a publisher's sales representative shows up at a university professor's office without prior arrangement to talk about the most recent textbook releases.
What is the cold-calling technique?
In sales, the term "cold calling" is a technique where a salesman calls prospects they have never spoken to before in an effort to ask for their business.
Why do people dislike making cold calls?
The fact that cold calling is uninvited is among the reasons why people despise it. Someone they have never spoken to before is being called by your representative. A call that the potential lead wasn't expecting arrives. They become agitated when you catch them unaware guard.
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now assume instead that the demand for hats is perfectly inelastic at q3, while the supply and the per-unit tax remain unchanged.
When demand for hats is perfectly inelastic, while the supply and the per-unit tax remain unchanged, the demand for hats is constant.
When the demand is perfectly inelastic, it implies that the consumer would be willing to a higher price for the same quantity of hats.
What is perfectly inelastic demand?If demand is perfectly inelastic, then a change in price has no effect on the amount of the product that is desired. As a result, the supplier can set any price they like and consumers will continue to purchase the good. One example is healthcare.
Business owners use Perfectly Inelastic Demand to guide their pricing decisions. Each product has a distinct level of demand elasticity, therefore knowing whether a product's demand is elastic or inelastic can assist a company determine how much to raise or lower prices as needed.
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T/F is the program established in 2006 by the united nations as a means to help get satellite imagery and other geospatial resources into the hands of disaster management personnel.
The United Nations Office for Outer Space Affairs launched the UN-SPIDER (United Nations Platform for Space-based Information for Disaster Management and Emergency Response) in 2006.
More effective disaster risk management and emergency response are made possible by satellite-based telephony, global navigation satellite systems, and remote sensing for Earth observation. UN-SPIDER aims to make it possible for developing nations to utilize all kinds of space-based data during all stages of the disaster management cycle, including preparation, early warning, response, and reconstruction. Through knowledge sharing and the bolstering of institutions, UN-SPIDER seeks to improve activities to lower disaster risk or enhance disaster response operations.
Additionally, UN-SPIDER promotes collaboration between data and information providers and the various user groups, such as decision-makers, disaster risk managers, or first responders.
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What is the most important reason to put money in a savings account?.
Saving account would be an important part of accumulating wealth and ensuring a stable financial future. Saving money offers a pathway out of life's uncertainty and allows you to live a more fulfilling life.
Savings accounts protect your money since they are covered either by Federal Deposit Insurance Corporation up to $250,000 in value. A savings account makes your money more accessible over other types of savings. Savings accounts will not assist you in creating wealth; they could also cause you to loose purchasing power gradually due to inflation.
Individuals save money for such a wide range of reasons, including financial stability as well as freedom, as well as protection in the event of a financial emergency.
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read the following excerpt of the texas constitution in order to determine which requirement must be met before the state can take on new debt
Answer:
Voters must approve any debt proposed by the state legislature.
Explanation:
I took the quiz
When a firm adopts a low-cost strategy on a global scale that comes from economies of scale, learning effects, and location economies it is using a _______________ strategy.
a. International
b. Localization
c. Global standardization
d. Home-country
c. Global standardization
When a firm adopts a low-cost strategy on a global scale that comes from economies of scale, learning effects, and location economies it is using a Global standardization strategy.
Low cost strategy
In economics, low cost strategy defines the pricing strategy in which a company offers a relatively low price to stimulate demand and gain market share.
Given,
Here we need to find when the firm adopts a low-cost strategy on a global scale that comes from economies of scale, learning effects, and location economies, then the type of strategy used.
As per the definition of low cost strategy, here we have given that the product is produced in globally but with the low cost strategy.
In order to achieve economies of scale, learning effects, and location economies on the global scale, we have to use the standard that can workout global level.
Therefore, (c) is the correct option.
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on april 1, 2020, the city of southern ponds issued $5,000,000 in 4% general obligation, tax supported bonds at 101 for the purpose of constructing a new police station. the premium was transferred to a debt service fund. a total of $4,990,000 was used to construct the police station, which was completed before december 31, 2020, the end of the fiscal year. the remaining funds were transferred to the debt service fund. the bonds were dated april 1, 2020, and paid interest on october 1 and april 1. the first of 20 equal annual principal payments of $250,000 is due april 1, 2021.
The value of debt service expenditures for 2020 and 2021 is shown below:
$100,000 (2020).$350,000 (2021).The money that is needed as payment of the principal and interest on an outstanding debt for a particular period of time is known as debt service. The amount of debt service can be calculate by dividing the total annual income available to pay debt service by the annual debt service requirement.
The value of debt service expenditures for 2020
Debt service = $5,000,000 x 4% x 1/2 year
Debt service = $100,000
The value of debt service expenditures for 2021
= $5,000,000 x 4% + $250,000
= $350,000
There is a missing part. The complete question can be seen below:
On April 1, 2020, the city of southern ponds issued $5,000,000 in 4% general obligation, tax supported bonds at 101 for the purpose of constructing a new police station. the premium was transferred to a debt service fund. a total of $4,990,000 was used to construct the police station, which was completed before december 31, 2020, the end of the fiscal year. the remaining funds were transferred to the debt service fund. the bonds were dated april 1, 2020, and paid interest on october 1 and april 1. the first of 20 equal annual principal payments of $250,000 is due april 1, 2021. In addition to reporting Bonds Payable and (unamortized) Bond Premium in the government-wide Statement of Net Position, how would the bond sale be reported.
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Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 200 million cans per year. Suppose the Surgeon General issues a report saying that eating tuna is bad for your health. The Surgeon General’s report will cause consumers to demand ______ tuna at every price. In the short run, firms will respond by ____. Shift the demand curve, the supply curve, or both on the following graph to illustrate these short-run effects of the Surgeon General’s report.
More, a greater supply that generates profit, entry into the market, a profit reduction to zero, and a horizontal trend.
By market, what do you mean?
Market: A mechanism whereby commodities and services are exchanged as a result between buyers and sellers coming into contact with others, either directly and through institutions or agents that operate as middlemen.
What does the business term "market" mean?
Major Takeaways. In order to expedite overall exchange and transaction of products and services, bidders can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer. Financial markets, auction markets, even criminal markets are other examples.
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Which are benefits of injury prevention? Select all that apply.
increase in paid benefits from OSHA
decrease in injuries to employees
decrease in cost to employer
decrease in absenteeism
increase in productivity
All the given statements are the benefits of injury prevention programs.
What are the benefits of injury prevention?Injury prevention is an endeavour to stop or lessen the degree of physical harm brought on by outside forces, such as accidents before they happen. Injury prevention is a part of public health and safety, and its objective is to enhance population health by reducing injuries and so enhancing quality of life. The phrase "accidental harm" is frequently used by laypeople.
However, the term "accidental" suggests that injuries are caused by random events. Injuries that are not caused by choice but are frequently avoidable are more commonly referred to as "unintentional injuries" by researchers.
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in the diagram, the outer arrows represent the payments that are counted in the current account, whereas the inner arrows represent the payments that are counted in the financial account. place the payments along the appropriate arrow.
According to the situation of case, there will be two approaches arises which are: Top and Bottom with the sub appropriate account that is current and financial account.
What do you mean by the current and financial account?A current account, sometimes referred to as a financial account, is a type of deposit account kept by people who do a disproportionately high volume of banking activities on a regular basis.
An element of a nation's balance of payments known as a financial account covers claims on or liabilities to nonresidents with regard to financial assets.
Therefore,
TOP Approach -
Current account:
An Italian purchase of the hotel room for a vacation in Spain.Interest on a Spanish bank's loan to a Greek company.Financial account:
A Spanish company's purchase of an Irish IT company.A Spanish central bank's purchase of more foreign exchange reserves.BOTTOM Approach -
Current account:
A Spanish company's purchase of Iranian oil.Profits of a U.S company operating Spain.Financial account:
A German purchase of Spanish mining company stock.To know more about the current and financial account, visit:
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true or false: one way of protecting against the kind of stock-value losses suffered by most stocks during the 2009 recession is by investing in cyclical stocks.
The statement that one way to protect investments against the stock - value losses suffered by many stocks in the 2009 recession is by investing in cyclical stocks is False.
What are cyclical stocks?Cyclical stocks refer to stocks that follow the market and the price movements of the economy. In other words, a cyclical stock belongs to companies that see their fortunes change with the movement in the economy. If the economy is doing well, then the value of the cyclical stock will increase. And if the economy is doing badly, then the value of the cyclical stock will fall.
The 2009 recession was one of the worst recessions in American and world history. It led to high levels of unemployment around the world, and led to many suffering hardship. Because the economy was doing badly, it meant that cyclical stocks were doing badly as well. Cyclical stocks are therefore not the best to invest in to avoid the stock losses seen in the 2009 recession.
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What's the difference between homeowners insurance and renters insurance?.
Both homeowners insurance and renters insurance offer policyholders financial security against losses resulting from property damage, legal liabilities, medical expenses for others, and living expenses away from home. The sorts of property damage covered are the primary distinction between these two types of plans.
For people who own their own house or apartment, homeowners insurance provides coverage for both their personal property and the building itself. Tenants purchase renters insurance, which covers theft or damage to their personal property but excludes damage to the structure as a whole.
Home insurance policies contain dwelling coverage, but renters insurance policies do not. This is the main distinction between homeowners' and renters' insurance. You wouldn't require both renters insurance and homeowners insurance to protect your own property at the same residence as the plans are otherwise practically identical.
Residence, personal property, personal responsibility, supplementary living costs, and medical payments are the five main coverage categories for homeowners insurance. All of those characteristics—aside from the first—make renters insurance comparable to a low-cost house insurance option for tenants.
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TRUE/FALSE the income statement shows the effects of a company's operating, investing, and financing activities on cash.
It is completely appropriate and factually correct to conclude that the income statement of the firm is helpful in the representation of operating, investing, and financing effects undertaken by the company during a given accounting period. Therefore, the statement given above holds true.
An income statement can be referred to or considered as the statement that represents the financial position of the company with respect to the cash inflows and cash outflows made and incurred during a given period of its accounting operations.
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1. ABC Yard Equipment sold a lawn mower to Alice for mowing the yard at her home. Alice financed the purchase and granted ABC a security interest in the mower. ABC did not file a financing statement on the mower. After a month of mowing her own lawn, Alice decided that she did not like the heat and that she preferred using a lawn service. Therefore, she sold the mower to her neighbor, Ted, who knew nothing about the loan from ABC, and used the mower to mow the yard at his home. Alice planned to use the money she got from Ted to pay off ABC, but her car broke down, and she used the money for car repairs. Alice failed to pay the loan from ABC for two months and was in default. ABC called wanting to repossess the mower and sell it at a commercially reasonable sale in order to recoup loan amounts. Which of the following is true regarding the position of the parties?
a. Regardless of whether or not ABC filed a financing statement, Ted, a bona fide purchaser, is entitled to keep the mower, and ABC’s only remedy is to seek recovery of the amounts due from Alice.
b.Regardless of whether or not a consumer good is involved, ABC did not have to file a financing statement in order to be perfected, Ted must return the mower to ABC, and his only remedy is against Alice.
c.Because a consumer good is involved, ABC did not have to file a financing statement in order to be perfected, Ted must return the mower to ABC, and his only remedy is against Alice.
d. Because ABC did not file a financing statement, Ted, a bona fide purchaser, is entitled to keep the mower, and ABC’s only remedy is to seek recovery of the amounts due from Alice
Because ABC did not file a financing statement, Ted, a bona fide purchaser, is entitled to keep the mower, and ABC’s only remedy is to seek recovery of the amounts due from Alice.
What is interest explain?
When you borrow money, you must pay interest, and when you lend money, you must charge interest.
The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate for the loan is denoted by this proportion.
What 3 categories of interest are there?
The nominal interest rate, the effective rate, and the real interest rate are the fundamentally three different categories of interest rates.
Simply put, the stated rate on which interest payments are calculated is the nominal interest of a loan or investment.
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standard cost systems blank . multiple select question. are rarely used in practice in well-established businesses help maintain consistency and quality are based on what managers think cost
Standard cost systems are based on what managers think costs should be, help managers budget and control costs, and help maintain consistency and quality.
A standard cost is an established cost of producing a single unit or a certain amount of a product over a specified time period. It is the price set for a product under the expected or actual operating circumstances. It is a style of cost accounting that is mostly utilized in the manufacturing industry since it makes it simpler to directly assign expenses to the creation of items.
Pricing completed items might benefit from standard costs. Performance issues can be identified using standard charges. Employees may become "cost-conscious" due to standard costs. Clerical expenses may be reduced via standard costs.
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real estate can be a valuable investment in times of price inflation, the higher the price level, the greater the value of the property. if the general price level declines, however, these investments can lose significant value.
The real estate industry is highly competitive, real estate can be a valuable investment in times of price inflation, the higher the price level, the greater the value of the property. if the general price level declines, however, these investments can lose significant value.
What is real estate?Real estate refers to a form of estate, and means anything that belongs to land.It can be used for residential, commercial, or industrial purposes and typically includes any land-based resource such as water or minerals. Property defined as land and improvements such as buildings, facilities, roads, structures, and utility systems. Your home is an example of real estate.In economics and economics, ownership has three main forms: Private ownership, public ownership, collective ownership (also called joint ownership). Real is used in Middle English legal contexts to refer to real estate as opposed to private property such as clothing and furniture.The term estate can be traced back to Latin and French.To learn more about real estate from the given link :
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which of the following statements is accurate with regard to compensation expense resulting from a compensatory stock option plan?
The compensation expense resulting from compensatory employee stock option plan is allocated to periods benefited by employee's required service.
What is an employee stock option?Employer-employee compensation agreements that have some aspects of financial options are referred to as employee stock options (ESOs). Employee stock options are typically seen as an internal arrangement that gives employees the opportunity to participate in the company's share capital as part of their compensation. ESOs are compensation contracts, according to regulators and economists. These unusual agreements between an employee and an employer mandate that, in the event that and when an employee exercises his or her stock options, the employer must provide a specific amount of shares of employer stock. Depending on the company and the employee's present job situation, the contract's length and terms can alter.
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an opportunity for fraud involving lapping of accounts receivable is more likely when which two duties involving accounts receivable are not segregated?
A lapping the scam is a dishonest technique in which a worker modifies accounts receivable in order to conceal stolen money. The technique involves utilising a subsequent receivables payment from a deal (like a sale) to pay for the theft.
The auditor has a duty to "plan and carry out the audit to the acquire reasonable certainty regarding. According to the auditing standards. Accounts receivable confirmations can demonstrate a number of claims, including the receivables transactions' real existence. For instance, the auditor might ask a client to attest that they have a balance on their account with the company under audit.
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Using advances in technology to maintain databases of customer information is more important for firms involved in mass marketing than it is for those firms using relationship marketing. true or false?
Using advances in technology to maintain databases of customer information is more important for firms involved in mass marketing than it is for those firms using relationship marketing. FALSE.
False. Technology can help firms using mass marketing techniques to keep track of customer information, so they can more easily target their advertising and promotional efforts.
Is technology more important for mass marketing or relationship marketing?Technology has revolutionized the way marketing is done today. In the past, marketing was all about creating a one-size-fits-all message and hoping it would resonate with enough people to generate sales. But today, with the advent of big data and sophisticated analytical tools, marketing has become much more targeted and personalized.
However, firms using relationship marketing typically have more detailed and personal information on their customers, making it unnecessary to maintain large databases.
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TRUE/FALSE. the present purchasing power of consumers in a new market is not a factor used by a business to assess the long-run economic benefits of doing business with that nation.
The correct answer is True. The present purchasing power of shoppers during a new market isn't an element employed by a business to assess the semipermanent economic edges of doing business thereupon nation.
One official life of buying power is the client index, which shows however the costs of trade goods and services amendment over time.
Purchasing power is the price of a currency expressed in terms of the number of products or services that one unit of cash should purchase. buying power is very important as a result of, all else being equal, inflation decreases the number of products or services you'd be able to purchase.
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nicole wants to create a database to collect information about videos in her video rental store. she would like to use the database to look up movies by rating, actors, producer, and title. she would also like to retrieve the movies that are in stock. what fields should she have in her database? title, rating, actor, and producer title, rating, actor, and producer title, rating, actor 1, actor 2, actor 2, actor 4, producer, and in stock title, rating, actor 1, actor 2, actor 2, actor 4, producer, and in stock rating, director, and actor rating, director, and actor product number, price, and rating product number, price, and rating
Answer:
D on edge
Explanation:
title, rating, actor 1, actor 2, actor 2, actor 4, producer, and in stock
if the marginal product of labor at sam's waffle house is 12 customers per hour, and the price of a meal is $12, then the marginal revenue product of labor is:
Sam's Waffle House's marginal labor product is 12 customers per hour, and if a meal costs $12, the marginal labor revenue product is $144.
What is the labor's marginal product?The contribution of additional labor to the entire output of the company is known as the marginal product of labor, whereas the contribution of new labor to the total sales revenue of the company is known as the marginal revenue product. Due to the law of diminishing returns, when more workers are hired, their marginal product decreases in the short term.
How can you locate the product with the marginal revenue?The entire change in revenue is multiplied by the variation in the number of units sold to arrive at marginal revenue. The formula for calculating marginal revenue is marginal revenue = change in the total revenue/change in production.
The formula MRMPL = MRPL states that the marginal revenue product of a worker is equal to the sum of the marginal product of labor (MPL) and the marginal revenue (MR) of output. This can be used to calculate the ideal workforce to use at a market wage rate chosen exogenously.
Given,
Marginal product of labor= 12 customers per hour
Price of a meal= $12
Marginal revenue product of labor= Marginal Product of worker X Marginal Revenue of output
Marginal revenue product of labor= 12 X 12
= $144
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elsa, the owner of fertile farm, sells gina a right to camp on fertile land overnight. gina's right is
Elsa, the owner of Fertile Farm, sells Gina the right to camp on Fertile land overnight. Gina's right is an easement.
An easement is a nonpossessory right to use and/or input onto the real property of some other without owning it. it's far "best typified in the right of manner which one landowner, A, might also experience over the land of some other, B". An easement is a belonging right and form of incorporeal belongings in itself at common law in maximum jurisdictions.
An easement is similar to actual covenants and equitable servitudes. within the U.S.A., the Restatement (0.33) of belongings takes steps to merge those concepts as servitudes.
Easements are beneficial for supplying get entry to throughout or extra pieces of assets, permitting people to get admission to other properties or a useful resource, as an instance to fish in a privately owned pond or to have to get entry to a public seaside. The rights of an easement holder vary extensively among jurisdictions.
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During his interview with the human resource manager, kent asked about the benefits the company provided. What would be one thing the hr manager might tell kent about with regard to benefits? multiple choice question
One thing the hr manager might tell kent about with regard to benefits is B. vacation.
How to illustrate the information?Employee benefits cover your workforce's indirect pay. This can include health insurance, stock options, or any number of other benefits provided to employees. While two jobs may pay the same, they may differ greatly in terms of benefits, making one a better financial proposition than the other.
Human resource management is a strategic and coherent approach to the effective and efficient management of people in a company or organization so that they can help the company gain a competitive advantage. It is intended to maximize employee performance in support of an employer's strategic goals.
The Human Resource Manager, among other things, hires and interviews new employees and manages pay rates. This person must set a good example by maintaining good communication skills while working on complex problems.
Vacation is a benefit that van be enjoyed.
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Complete question
During his interview with the human resource manager, kent asked about the benefits the company provided. What would be one thing the hr manager might tell kent about with regard to benefits?
salary
vacation for employees
health insurance
multiple choice question if a cost is traced to a segment using activity-based costing, it blank an avoidable cost of the segment. multiple choice question. is always may or may not be is never
According to given statement is the proposition may or not be accurate in terms of the segment's avoidable cost.
How would you define costing?Costing refers to any system for assigning charges to a business component. Costing is widely used to determine expenses for clients, distribution networks, employees, regions, items, product lines, procedures, divisions, and entire companies.
What does a business cost?WHAT DOES IT COST Costing is the process an entrepreneur does to determine the cost of producing or selling any specific product (item or service). WHY IS COST BEFORE PRICING IMPORTANT to be able to fairly and competitively set the product's pricing.
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the probability-weighted average of the payoffs for a chance node is known as the group of answer choices median value variance of the node risk measure expected value
Option (d), the expected value is the probability-weighted average of the rewards for a chance node.
What does the expected value of a probability mean?In statistics and probability analysis, the expected value is calculated by multiplying each potential event by the likelihood that it will occur, summing all of those values, and then calculating the expected value. Investors can choose the scenario that is most likely to result in the desired outcome by calculating anticipated values.
Are probability and anticipated value the same thing?According to theory, the experimental probability is just the probability we're assuming based on a small number of trials, whereas the anticipated value is the normal result we anticipate receiving after an infinite number of trials.
What is the probability weighted average, exactly?The weighted mean is a type of mean that is calculated by adding up all the products following multiplying the weight (or probability) associated with a particular event or result by its associated quantitative result.
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