Renewal involves upgrading core infrastructure and applications, reducing costs, or improving the quality of its services.
In economics, a carrier is an intangible commodity. more, in particular, services are an intangible equivalent of monetary goods. service provision is frequently a monetary hobby in which the purchaser does now not typically, except with the aid of a one-of-a-kind contract, attain one-of-a-kind ownership of the factor bought.
The carrier also referred to as the tertiary quarter, is the 1/3 tier in the 3-region economy. instead of product manufacturing, this sector produces services preservation and upkeep, training, or consulting. Examples of provider-area jobs encompass housekeeping, excursions, nursing, and coaching.
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why does the fact that she might not like living in california make someone think renting a home is better than buying one?
She does not want to pay property taxes to support a place she might not like living in. The value of owning renting versus renting is heavily influenced by market conditions. Owning makes more sense in fast increasing real estate markets.
Renting, on the other hand, may be a preferable alternative when there is less room for property price appreciation. The one disadvantage of renting is a restricted lifestyle (option d). market a house is living in someone else's home. The landlord owns it, and the two parties have a formal agreement in which the other party pays the owner rent at regular intervals.
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Are assets that are additions to land and have limited useful lives, such as walkways and fences.
Walkways and fences are examples of land improvements, which are assets that are added to the land and have a finite useful life.
What Exactly Is Land Improvement?Buildings are typically written off when a business buys them towards the end of their useful lives. However, the land that is purchased along with the building is not depreciated. Life on the earth is endless. It won't decay over time as a structure would. Land can never be exhausted and cannot be destroyed.
Land improvements stand entirely apart from the actual land. Because of this, land improvements are viewed as entirely different assets than actual land. The cost of land improvements is not included in the purchase price of the land.
It is depreciated over the course of its useful life much like other fixed assets and is instead viewed as a wholly different asset purchase.
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norski manufacturing wants to implement a system that will track everything from customer needs, orders, shipping, and payments. which type of system would be the best for them to investigate?
Order management is the process of keeping track of customers' orders and managing the steps necessary to fulfill them.
Accepting the order is typically the first step in the process;deciding on, packing, and sending the items in the order;and then keeping track of them until they are delivered.
What is a system for tracking orders?
A component of customer order management, an order tracking system enables both customers and businesses to efficiently and precisely track orders after they have been made.By providing a single point of contact for the procedures and actions necessary for the successful delivery of a product, it aids both customers and businesses.
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in order to achieve higher quality cost information from the assignment of overhead costs to products manufactured, the use of a predetermined overhead rate is being replaced by
Job order costing is used to achieve higher quality cost information from the assignment of overhead costs to products manufactured. Job order costing replaced the use of a predetermined overhead rate.
In business, job costing generally can be described as an accounting which tracks the costs and revenues by "job" and enables standardized reporting of profitability by job. Job costing must allow job numbers to be assigned to individual items of revenues and expenses for an accounting system to support job costing. There are several aspect of job order costing, such as direct labor, direct materials, and overhead to each production unit.
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industrial production refers to . a. the amount of personal disposable income in the economy b. the difference between government spending and government revenues c. the total manufacturing output in the economy d. the total production of goods and services in the economy e. none of the above
Mining, manufacturing, electricity, gas and steam, and air conditioning are all examples of industries that fall under industrial production.
This indicator is measured using an index that is based on a reference period that shows how production output volume changes.
What instances of industrial production can you give?
Aircraft, automobiles, chemicals, clothing, computers, consumer electronics, electrical equipment, furniture, heavy machinery, refined petroleum products, ships, steel, and tools and dies are among the most important manufacturing industries.
What is India's industrial production?
India's Index of Industrial Production (IIP) provides information on the expansion of a number of economic sectors, including manufacturing, electricity, and mineral mining.
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if the monopolist can engage in perfect price discrimination, what is the average revenue when 7 ties are sold
When a monopolist engages in ideal price discrimination, the marginal revenue curve lies beneath the demand curve. the demand curve and the marginal income curve are identical.
What is a flawlessly discriminating monopolist?A discriminating monopoly is a monopoly firm that fees one of a kind costs to one of a kind segments of its customer base. An on-line retailer might also charge greater expenses to customers in wealthy ZIP codes and decrease expenditures to these in poorer regions.
Is a perfectly rate discriminating monopolist efficient?The flawlessly charge discriminating monopolist will be allocatively efficient due to the fact the ultimate unit bought will have a fee equal to marginal cost.
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https://brainly.com/question/5832236#SPJ4a(n) is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange, but does not take title to the goods. group of answer choices
An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
What are agent and broker?Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.
The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.
It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
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The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. ?.
The optimist sees the opportunity in every difficulty. In contrast, the pessimist sees difficulty in every opportunity. Thus, the given statement is true.
'The optimist sees the opportunity in every difficulty. The pessimist sees difficulty in every opportunity', this quote belongs to Winston Churchill. By the saying, he means that people are driven by their thoughts, and thoughts are driven by their minds and thus ultimately people are driven by their minds. The way an individual thinks and perceives defines everything.
This is the difference in attitude in both an optimistic person and a pessimistic person. Optimists are the people who have the ability to find the source of light in the pitch dark, whereas pessimists are the people who believe in closing their eyes while facing a hard time. Optimists are capable of recovering themselves from disopapminmes and failures whereas pessimistic expect the worst in unwanted situations. Usually optimistic are the persons who are happier than pessimistic.
Complete question is:
"
The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. ?.
True or False
"
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the best definition of inflation is a(n) group of answer choices temporary increase in prices. increase in the price of one important commodity such as food. persistent increase in the general level of prices as measured by a price index.
the best definition of inflation is a persistent increase in the general level of prices as measured by a price index
The broad word for an increase in the cost of goods and services throughout an economy in the study of economics is inflation. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction in the purchasing power of money.
The three primary sources of inflation that can be broadly defined are cost-push, demand-pull, and inflation expectations.
Both high and low inflation can be harmful to the economy, however low inflation may be worse. When the economy is struggling and inflation is too low, the Fed will take the opposite action by lowering interest rates or buying assets to increase cash flow.
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amy clark just opened a soup and salad restaurant near golden gate park in san francisco, ca. rather than borrow money or raise funds from investors, amy used her creativity and ingenuity and figured out how to get her business up and running without the need for external funding. amy is utilizing a technique referred to as .
Amy Clark is using a technique known s bootstrap.
The term "bootstrapping" is used in business to describe the process of launching and expanding a company using only readily accessible resources, such as personal finances, home computers, and garage space.
Starting a business from scratch without or with minimal outside investment is known as bootstrapping. By having the owner pay for and use the resources individually, it avoids using a pool of equity or large bank loans to finance small businesses.
According to the fundamental idea of bootstrapping, inference about a population from sample data (sample population) may be represented by resampling the sample data and performing inference about a sample from resampled data (resampled sample).
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a 3.0 percent coupon bond issued by the state of tennessee sells for $1,000. what coupon rate on a corporate bond selling at $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 25 percent marginal tax bracket?
4% is the coupon rate on a corporate bond selling at $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 25 percent marginal tax bracket.
What is the coupon rate?
A fixed-income security's nominal yield is expressed as a coupon rate. The coupon holder will yield less than the current market conditions when the market improves, as the bond won't pay more because its value was predetermined at issuance.
Information given in response to the query
3% is the coupon bond percentage.
Investor share is 25%
The following is how the corporate bond's coupon rate was calculated:
Corporate bond coupon rate = Corporate bond coupon percentage (1 - Investor percentage)
= 3% ÷ (1 - 0.25)
= 3% ÷ 0.75
= 4%
Therefore, we used the aforementioned formula to calculate the corporate bond's coupon rate.
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suppose a stock price can go up by 14.25% or down by 12.25% over the next year. you own a one-year put on the stock. the interest rate is 9%, and the current stock price is $57. a. what exercise price leaves you indifferent between holding the put or exercising it now? (do not round intermediate calculations. round your answer to 2 decimal places.) b. how does this break-even exercise price change if the interest rate is increased?
Here the stock price can go up or down by 15.25% and 13.25% the interest is 11% the stock price is $61.
suppose p is the probability of the rise in the stock price so if investors aer risk natural
Expected return = (probability of rise X change in the price) + (1-probability of risk)
0.11 = (px0.1525) + (1-p)x( - 0.1325)
0.11 = 0.1525p + 0.1325p - 0.1325
p = 0.851
the probability next period's stock prices are
$61x1.1525 = 70.30
$61x0.8675 = 52.92
let X be the break-even exercise price then the below equation should be true
X - 61 = [(p)($0) + (1 - p)(X - 52.92)] /1.11
= [(0.851x0)+(1-0.851)(X-52.92)]/1.11
1.11X-67.71 = 0+0.149X-7.8850
X = 61.51
therefore the broken exercise is 61.51
(b)
if the rate is increased in that case the value of the option will get down
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when looking at the critical path for a delayed project and the project manager sees that adding resources will reduce or remove the delay, the project manager knows that the project is:
When examining a project's critical path and determining whether adding resources will shorten or end the wait, the project manager understands that project is smoothing.
What is the role of the manager?A manager's duties include: maintains staff by bringing in, choosing, onboarding, and training new hires. makes sure that the workplace is safe, secure, and lawful. develops opportunity for personal development. By conveying job expectations and organizing, analyzing, and appraising job outputs, managers can achieve their goals for their staff.
What makes a good manager?They give others a chance to speak. They communicate the organization's vision to their team members in a way that inspires them because they have a clear knowledge of it.
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g hanebury manufacturing company (hmc) has preferred stock outstanding with a par value of $50. the stock pays a quarterly dividend of $1.25 and has a current price of $71.43. what is the nominal annual rate of return on the preferred stock?
The stock pays a quarterly dividend of $1.25 and has a current price of $71.43.the nominal annual rate of return on the preferred stock is 7.19%.
The ownership certificates of any company are referred to as "stocks" in general. On the other hand, a share alludes to the stock certificate of a specific business. A shareholder is someone who owns stock in a specific company. Stocks come in two varieties: common and preferred. The term annual rate (APR) describes the annual interest that is produced by a sum that is owed to investors or charged to borrowers. The annual rate, or APR, is a measure of the actual cost of borrowing money over the course of a loan or the income generated by an investment. The annual interest rate that would apply to a deposit made at the stated rate of 10% compounded monthly is 10.47%.
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the world trade organization: group of answer choices is also known as nafta. is also known as the international monetary fund (imf). was established to resolve disputes arising under world trade rules. enhances world trade by providing interest rate subsidies to foreign borrowers who buy exports on credit.
The World Trade Organization was established primarily to resolve disputes arising under world trade rules. Thus, option (c) holds the correct answer.
The World Trade Organization (WTO) is the only international organization across the globe that deals with the rules of trade between countries. At WTO's heart are the WTO agreements, negotiated and signed by the world’s trading nations and ratified in their parliaments. The key objective of WTO is to ensure that trades flow between nations as smoothly, predictably, and freely as possible.
The WTO has many such as operating a global system of trade rules, acting as a forum for negotiating trading agreements, resolving trade disputes between its member nations, and supporting the needs of developing countries.
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capacity to contract means a party is b) competent to enter into a legally binding contract. a) able to make an offer or accept an offer. e) able to comprehend the terms of a contract. d) able to make a promise. c) able to pay damages in the event of a breach of contract.
Capacity to contract means a party is competent to enter into a legally binding contract.
Those who are intellectually and legally capable of signing contracts that are enforceable by law are referred to as competent parties. Some people, like children, those who are intoxicated or on other drugs, and those who are mentally ill but not mad, have a limited capacity to contract. Persons with limited capacity to contract who are incompetent may renege on their agreements.
Disaffirmance is the name for this legal right to withdraw. Others lack any legal competence to contract since they are so totally incompetent. This group includes those with mental diseases who have been adjudicated crazy by a court.
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true or false: partners in a profitable communal relationship primarily focus on scrutinizing their personal profits
Partners in a profitable communal relationship primarily focus on scrutinizing their personal profits. This statement is false.
In close partnerships known as communal connections, partners put aside their needs for reciprocity and exchange, supporting the other person in order to meet their needs without taking their own interests into account. Exchange relationships, in which each partner keeps track of his or her contributions to the partnership, are contrasted with communal partnerships.
To put it simply, partners in long-lasting relationships are conscious of each other's needs and make an effort to address them fairly. However, partners in the happiest partners are also able to see beyond their own benefits and consider the relationship in a communal way.
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what is closely associated with chain of command because it gives a manager the right to exercise their power in a given situation?
Authority is closely associated with chain of command because it gives a manager the right to exercise their power in a given situation.
What is the role of a manager?Manages staff, plans, and evaluates departmental activities to meet departmental goals. maintains staff by brining in, appointing, onboarding, and training new hires. makes sure that the workplace is safe, secure, and lawful. develops opportunity for personal improvement.
What is a good manager definition?Managers who listen well develop their communication skills. They give others a chance to speak. They convey the organization's vision to their team members in a way that inspires them because they possess a clear understanding of it. They inform their colleagues on developments inside the company.
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which of the following is the best example of the product development stage? a delivering multiple versions of different phones to influencers for beta testing. b ranking the concept of high-quality camera versus other potential differentiators. c research revealing that customers are limited by existing smartphone cameras. d breaking down the feasibility of such a system based on the cost of development. e the engineering of the quad-camera feature.
The engineering of the quad-camera feature is the best example of the product development stage.
Simply put, a quad-camera setup refers to a mobile phone's rear four cameras (each with four lenses). A quad-cam setup includes a main camera lens, a telephoto lens, an ultra wide angle lens, and a depth sensor. These are all made with the goal of improving photography capabilities. Having four cameras on a mobile device primarily enables you to take better pictures with a deeper depth of field. It can also deliver faster focusing, greater detail capture, a bokeh effect akin to DSLRs, and monochrome images. A quadruple-lens camera that focuses exclusively on wide-angle photography will not be the best choice if you need a little extra zoom, as opposed to a triple-lens camera that also has a telephoto lens. The number of lenses on your phone ultimately doesn't matter.
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silence can be a sufficient method of acceptance b) if the parties to a contract have habitually used this method to communicate assent. c) when the offeror leaves the jurisdiction after making the offer. d) when the contract is a unilateral contract. a) when the contract is a bilateral contract. e) when the offeree forgot to communicate its acceptance.
Silence can be a sufficient method of acceptance if the parties to a contract have habitually used this method to communicate assent. Hence option B is correct.
At the point when an individual answers to no offer it isn't acknowledged in the majority of the cases. This is valid regardless of whether the proposition says silence will be viewed as acknowledgment. There are, be that as it may, rules for this standard. Assuming the connection between the gatherings is with the end goal that it isn't normal that the offeree to answer, silence by the offeree may constitute acceptance. Another special case would be where the offeree promptly comprehends that silence or an inability to answer implies acknowledgment of the deal. This by and large just emerges in circumstances where the offeror and offeree have a past filled with earlier dealings.
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1. If you are an account holder, is it necessary to know how to prepare bank documents related to your account? cite an example.
Bank documentation consists of a wide range of documents, including bank certificates of accounts and balances, statements of accounts and transactions, certificates of constituted deposits, contracts for account establishment or deposit constitution, and so on.
You will require the following information: This is your Social Security number. A legitimate government-issued photo ID, such as a driver's license, passport, or state or military identification card. To activate your account, you must make a minimum deposit of $25.
Bank reconciliation statements verify that payments have been processed and cash collected has been deposited. The reconciliation statement aids in identifying discrepancies between the bank balance and the book balance so that appropriate changes or repairs can be made.
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on february 1, dots received an order for 500 cupcakes. dots delivered the cupcakes to the client on february 25. a $50 deposit was received on february 5 and the remaining $450 was paid on february 28. when should recognize dots revenue related to this order?
Dots should recognize revenue on February 25th
The revenue recognition principle states that a company's revenues are recognized when the service or product is delivered to the customer, rather than when the cash is received. Determining what constitutes a transaction may take more time and analysis than expected.
Revenue recognition is a commonly accepted accounting principle (GAAP) that specifies how and when revenue should be recognized.
According to the revenue recognition principle of accrual accounting, revenues are recognized when they are realized and earned, not when cash is received.
ASC 606, the revenue recognition standard, establishes a consistent framework for recognizing revenue from customer contracts.
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at the time of maturity, an investor realizes that the overall return on the investment was actually greater than the coupon rate stated on the bond when purchased. this most likely would have occurred because the bond had initially been purchased
at the time of maturity, an investor realizes that the overall return on the investment was actually greater than the coupon rate stated on the bond when purchased. this most likely would have occurred because the bond had initially been purchased at a discount
(Bonds are bought back at par. A bond's overall return, which is larger than the coupon rate, will increase when it is purchased at a discount (less than what will be earned when the bond matures).
What is a Bond?
Bonds are a type of debt instrument that stand in for loans given to the issuer. Bonds are a frequent tool used by enterprises and governments (at all levels) to borrow money. Roads, schools, dams, and other infrastructure must be funded by the government. The sudden cost of conflict might also necessitate the necessity for fundraising.
Similar to individuals, businesses frequently borrow money to expand, to purchase real estate and equipment, to carry out profitable initiatives, for R&D, or to hire personnel. Large organizations frequently require far more funding than the ordinary bank can offer, which is a concern.
By enabling numerous individual investors to take over the function of the lender, bonds offer a solution. In fact, public debt markets enable countless investors to lend a share of the required money. Furthermore, markets enable lenders to sell their bonds to other investors or to purchase bonds from other people long after the initial issuing entity has raised funds.
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a limited-service wholesaler that furnishes the shelves that display merchandise in retail stores, performs all channel functions, and sells on consignment to retailers is a
A limited-service wholesaler that furnishes the shelves that display merchandise in retail stores, performs all channel functions, and sells on consignment to retailers is a Rack Jobber.
What is a Rack Jobber?
A vendor known as a "rack jobber" hires space in a store or supermarket to sell and display goods. A lot of rack jobbers are distributors who import goods from bigger wholesalers to sell in neighborhood shops. Others really produce or manufacture their own goods, and they enter into agreements with store owners to use floor space. When business is conducted in this way, both the rack jobber and the store owner benefit since the jobber may expose his or her goods to a large consumer base and the store owner gets to split the earnings without having to take inventory or replace inventory. While some rack jobbers only conduct business with one chain or store, others operate with many merchants.
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which of the following is a document whereby a bank promises to pay a payee a certain amount of money at a future time?
A certificate of Deposit is a document whereby a bank promises to pay a payee a certain amount of money at a future time.
A record may be dependent, like tabular documents, lists, paperwork, or clinical chart, semi-dependent like an ebook or a newspaper article, or unstructured like a handwritten word. documents are sometimes classified as a mystery, personal, or public. they'll also be defined as drafts or proofs.
The purpose of a document is to facilitate the switch of records from its author to its readers. it is the author's activity to design the report so that the facts it contains can be interpreted accurately and effectively. To do that, the writer can employ a fixed of stylistic tools.
process documentation is the act of capturing or documenting all of the steps in a particular assignment. preferably, it has to happen in real-time. As employees carry out an assignment, they record every step they take.
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garden-grow products is considering a new investment whose data are shown below. the equipment would be depreciated on a straight-line basis over the project's 3-year life, would have a zero salvage value, and would require some additional working capital that would be recovered at the end of the project's life. revenues and other operating costs are expected to be constant over the project's life. what is the project's npv?
The NPV of the project by Garden - Grow Products, given the depreciation, and cash flows, is $23,852.37.
How to find the NPV?To find the NPV, we need to find the cash inflows in the three years that Garden - Grow Products embarked on the project.
First find the annual depreciation:
= Net investment in fixed assets / 3 years
= 75, 000 / 3
= $25, 000
The profit before taxes for each of the three years:
= Sales - depreciation - operating costs
= 75, 000 - 25, 000 - 25, 000
= $25, 000
After tax profit is then:
= 25, 000 x ( 1 - tax rate)
= 25, 000 x (1 - 35%)
= $16, 250
The cash flows in year 1 and 2 each is:
= After tax profit + Depreciation
= 16, 250 + 25, 000
= $41, 250
The cash flows in year 3 is:
= 41, 250 + 15, 000 working capital
= $56, 250
The NPV is then:
= Present value of cash inflows from 3 years - Investment into project
= 41, 250 / 1.1 + 41, 250 / 1.1² + 56, 250 / 1.1³ - 90, 000
= $23,852.37
The rest of the question is:
WACC 10.0%
Net investment in fixed assets (basis) $75,000
Required new working capital $15,000
Straight-line depreciation rate 33.333%
Sales revenues, each year $75,000
Operating costs (excl. depreciation.), each year $25,000
Tax rate 35.0%
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your client, skip, is an investor who's just opened a thriving new sporting goods store in a location outside the city. what principle of value indicates that his thriving business will attract others to engage in similar activity in the same area, driving down his profits?
Your client, Skip, is an investor who's just opened a thriving new sporting goods store in a location outside the city. Principle of competition indicates that his thriving business will attract others to engage in similar activity in the same area, driving down his profits.
Answer - Principle of competition
What is competition and examples?
Competition is a relationship between organisms that has a negative effect on all of them. This can happen when two organisms are trying to get the same environmental resource. One common example is when organisms compete for a mate.
What are 5 examples of competition?
Intraspecific competition is an important regulator of the population size and can also act as a selective factor for evolution.
Example- Plants.Example- Corals.Example of Direct competition- Animals.Example of Indirect competition- Animals.Example of interference competition- Flamingos.Learn more about competition here :- https://brainly.com/question/25717627
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Which of these situations can be handled by using the Management Information Systems?
Sometimes, there are problems in the inventory department.
At times, the organization faces problems with the performance of their products in the market.
Decision makers of the organization are not able to take proper decisions.
Employees face technical issues while feeding data into a database.
Option B. The situation that can be handled with the use of the Management Information Systems is At times, the organization faces problems with the performance of their products in the market.
What is the Management Information Systems?The study of people, technology, organizations, and their relationships is known as management information systems (MIS). MIS specialists assist businesses in getting the most out of their investments in people, technology, and operational procedures. MIS is a people-focused industry with a focus on providing services using technology.
An information system used for decision-making, as well as for the coordination, control, analysis, and visualization of information inside an organization, is known as a management information system. In an organizational setting, people, procedures, and technology are all involved in the study of management information systems.
Principal Information System Types
System for processing transactions.System for managing information.Decision Support Technologies.Master System.System for automating offices.Systems for managing knowledge.Read more on Management Information Systems
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when tom began helping his aunt joan with her finances, he discovered she had never gotten a cell phone because she felt her land line was good enough for her. aunt joan is a(n) blank in the diffusion of innovation process for telephones.
When Tom began helping his Aunt joan with her finances, he discovered his aunt was still renting a rotary-dial telephone from the phone company. Aunt Joan is a(n) laggard in the diffusion of innovation process for telephones.
What was innovative about the telephone?Telephone allows people to get an immediate commerce. The telephone is an extremely precious and important invention because it allows for a wordy exchange of information by discussion. People do not need to spend a lot trouble to communicate with each other.
What made the telephone invention successful?Telephone had proven that different tones would vary the strength of an electric current in a line. To achieve success, thus, they demanded only make a working transmitter with a membrane able of varying electronic currents and a receiver that would reproduce these variations in audible frequentness.
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mona is a licensee who strives to be professional in all of her actions, so how does she keep her business account?
According to rules governing the practice of licensee, Mona would keep her business account by acquiring a valid license, received from the legal authority, to lawfully operate or do business in a certain area or location.
Who is a Licensee?A Licensee is a term that is used in real estate to describe a person that has been assigned limited permission to use or occupy a property whether physical or intellectual property.
As a licensee who strives to be professional in all of her actions, Mona is expected to keep her business account by doing the following:Establish a business name operating licensee workHave the financial strength to prove to the licensor that the licensee is capable to carry out the operationQuality and compliance with the necessary regulating authorityHence, in this case, it is concluded that the correct answer is to have "a valid license, received from the legal authority, to lawfully operate or do business in a certain area or location."
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