Which of the following graphical representations could be used to display data concerning body temperature in degrees Fahrenheit? Select all that apply. a. Histogram b. Bar chart c. Pie chart d. Dotplot e. Two-way contingency table

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Answer 1

The difference between a histogram and a bar chart. On the horizontal axis of a bar chart, as opposed to a histogram, is a category variable.

A histogram is a visual representation of statistical data that uses rectangles to show the frequency of data points throughout a range of numerical intervals of equal size. Explain a bar graph. Bar charts are one of the many techniques used to visualize data so that the reader may quickly see patterns or trends. Consequently, by considering the definition. Histograms display quantitative or numerical data, whereas bar charts display categorical factors. Hence, On the horizontal axis of a bar chart, as opposed to a histogram, is a category variable. the difference between a histogram and a bar chart. On the horizontal axis of a bar chart, as opposed to a histogram, is a category variable.

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Related Questions

Discuss the role of the father in attachment theory

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Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

a company determined the following values for its inventory as of the end of the fiscal year: historical cost $300,000 current replacement cost 280,000 selling price 308,000 normal profit margin 13,000 cost to sell 10,000 what amount should the company report as inventory on its year-end balance sheet under the following cost methods? last-in, first-out (lifo) first-in, first-out (fifo) last-in, first-out (lifo) $285,000 first-in, first-out (fifo) $285,000 last-in, first-out (lifo) $280,000 first-in, first-out (fifo) $298,000 last-in, first-out (lifo) $298,000 first-in, first-out (fifo) $300,000 last-in, first-out (lifo) $285,000 first-in, first-out (fifo) $298,000

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$298,000, The following cost methods should be used by the corporation to determine the $298,000 amount that should be recorded as inventory on its year-end balance sheet.

The lesser of cost or market is used to measure inventory that is recorded using LIFO or the retail inventory technique (LCM). Market is limited to a maximum of $298,000 in terms of net realisable value (NRV). It must be less than a floor of NRV less $285,000, which is a typical profit margin. The market is $285,000 since the current replacement cost methods($280,000) is less than the floor ($285,000). As a result, the inventory is recorded at $285,000 under the LIFO technique rather than the $300,000 cost. The lower of cost or net realisable value is used to measure inventory that is accounted for using the FIFO technique (NRV). Consequently, the inventory is recorded at its NRV of $298,000 under the FIFO technique, which is less than the $300,000 cost.

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When the Lean-Agile Center of Excellence (LACE) acts as an Agile Team, which two team practices are they likely to use? (Choose two.)
A. Build Lean-Agile Budgets
B. Plan a Program Increment (PI)
C,. Use test-driven development
D. Run an Iteration Retrospective
E. Build a Lean portfolio

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Option C and D are correct. When a Lean Agile Center of Excellence (LACE) acts as an Agile team, two team practices they are likely to adopt are using test-driven development and run iteration retrospectives.

Test-driven development and iterative retrospectives are expected team practices when a Lean Agile Center of Excellence (LACE) functions as an Agile team.

Operationally, LACE typically works as an agile team, applying the same iterations and his PI cadence. This allows LACE to plan, inspect and coordinate in harmony with ART and serves as an example of agile team behavior. Scrum Master and Product Owner are the two primary positions on every Safe Agile team. Without an Agile crew, there can be no train. They eventually control the entire organization and the Agile Release Train (ART). ART is responsible for providing greater solution value.

The Lean Agile Center of Excellence (LACE) is a small team dedicated to implementing the Safe Lean Agile way of working. Often one of the key differentiators between companies that practice Agile in name only and companies that are committed to adopting Lean Agile practices and achieving the best business outcomes am.

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suppose you were a project manager for disney.based on the information in this case, what critical success metrics do you think the company uses when designing a new ride that is how would you prioritize the needs for addressing project cost, schedule, quality, and client acceptance? what evidence supports your answer?

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Assuming you're a Disney project manager, the critical metrics for success when designing a new ride should align with the company's strategic plan and its market objectives.

What are the duties of a project manager?

It is the professional responsible for the entire progress of the project, as well as budgets, schedule, quality, internal and external communication, control and management of teams, so that resources are used efficiently and quality maintained.

Therefore, Disney is a great company with already recognized value, and a new project must be highly aligned with the company's values and its target audience for it to be successful.

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when assessing a market’s potential an international marketer should consider:

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When assessing a market’s potential an international marketer should consider these points are "population, income, consumption patterns and geography area".

The market’s potential or potential market is the market in which the sales are maximum in the monetary terms which can be available to all firm's in a given industry.

The target of the potential market is the group of the regularly customers which are usually buys your products and services too.

The international market potential has the impact of the ease of the market access and other important factor like the culture, population, income,  and globally selling the products or services.

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as a project manager organizing a development team, you want to make sure the team has the skills necessary to build the product or carry out the service. which recommended team trait does this represent?

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Both product owners and project managers are in charge of leading teams that collaborate to finish a project. In either function, having strong communication and interpersonal skills is crucial.

One of the most important activities in the Scrum process is the prioritization of the product backlog. These choices are made by the product owner alone and are influenced by a variety of commercial factors and pressures.

Monitoring and prioritizing the product backlog, translating product managers' strategies into development activities, and comprehending market and customer demands are the three key responsibilities of product owners.

A substantial portion of a project manager's responsibilities involves planning and carrying out tasks. The project manager must regularly assess how the project is progressing, from creating a precise schedule for project completion to ensuring that tasks are carried out in accordance with the assignment's requirements.

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what is a unitized cost accounting

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A unitized cost accounting system is a method of accounting that calculates the cost of producing individual units of a product or service by dividing the total costs incurred by the total number of units produced.

This system provides a more accurate picture of the cost of production as it takes into account both direct and indirect costs associated with each unit.

In unitized cost accounting, all costs associated with the production of a product or service, including direct costs such as raw materials and labor, as well as indirect costs such as overhead and indirect labor, are assigned to individual units.

This allows for a more accurate determination of the true cost of production, as well as the identification of areas where cost savings can be made.

Unitized cost accounting is often used in industries where the cost of production is a critical factor in determining the price of the product or service. For example, in the manufacturing industry, unitized cost accounting can help companies determine the most cost-effective production methods and identify areas where cost savings can be made.

While unitized cost accounting provides a more accurate picture of the cost of production, it can also be time-consuming and complex to implement. It is important for companies to carefully consider their accounting needs and resources before implementing a unitized cost accounting system.

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according to management scholar henry mintzberg, it is possible to separate strategy formulation from strategy implementation. true false

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False. Henry Mintzberg claims that the processes of developing a plan and putting it into action are linked and rely on one another.

Strategy conception and strategy implementation, according to renowned management professor Henry Mintzberg, are not independent processes. According to him, they are linked and dependent on one another, with the creation of strategies being a continual process. Mintzberg contends that knowledge of the organization's internal and external environments, as well as its strengths and limitations, is essential for successful plan implementation. He also highlights that implementing a strategy is a dynamic process that is always responding to the environment. As a result, it is impossible to separate the development of a strategy from its execution, which can result in a lack of organization-wide focus, alignment, and direction.

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what examples are provided in this case for the leadership style indra nooyi exhibited? list and describe the leadership models, theories, or concepts you see in this case.

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Indra Nooyi has gotten personally involved with her staff members' jobs, personal lives, and families.

The leadership style that is evident in this situation is that of a transformational leader, who enjoys making well-informed decisions that enable the organization to perform more successfully and change the way things are currently done.

A important part of any business is the creation of items that it markets. An illustration of this is Coca-Cola, whose bottle shape is protected by copyright. Design should be preserved as it helps a business stand out. This amply validates Pepsi's decision to establish a design unit.

This shows that she views her workers as more than that—as people—and that she has adopted a leadership style rather than limiting herself to management or mere supervision.

This shows that she views her workers as more than that—as people—and that she has adopted a leadership style rather than limiting herself to management or mere supervision.

The instance discusses how treating and involving someone appropriately can help them become a great leader, while doing the contrary would limit them to being a supervisor only.

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campbell's tax return was audited because they failed to report on their tax return interest they earned. what irs audit selection method identified their tax return?

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It is not specified which IRS audit selection method identified Campbell's tax return, but it could be one of several methods.

One common method is the Computer Audit Selection (CAS), which uses computer programs to identify tax returns with discrepancies or red flags that indicate underreporting of income.

Another method is the Correspondence Audit, which involves a letter sent to the taxpayer requesting additional information or clarification on certain items reported on the tax return.

It's also possible that Campbell's tax return was selected for audit through the Document Matching Program, which compares information on a tax return to the information submitted by third-party payers such as banks, employers, and other government agencies.

Regardless of the method used, the IRS audit of Campbell's tax return was likely triggered by their failure to report the interest they earned on their tax return.

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using the same accounting methods in each period refers to the qualitative characteristic of multiple choice question. verifiability. timeliness. consistency. understandability.

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consistency refers to using the same accounting methods in each period refers to the qualitative characteristic .

Principles of Accounting indicate that consistent accounting principles should be used from year to year in order to make financial statements comparable. Consistency is what we call this.

Accounting Standards specify that an accounting policy may be amended if it is necessary for a more suitable presentation of financial statements, I is mandated by a legislation, (ii) by an accounting standard, or (iii).An organisation must maintain a presentation and categorization of financial statements from one year to the next, under Ind AS 1.

Only if the new version of the accounting principles or processes improves the reported financial performance should changes be made. If such a change is made, be sure to fully document its effects and include this information in the financial statements' supplementary notes.

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what advice would you give samantha about setting up a project management office? what roles could these staff perform, and how could they interact with the existing projects?

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To advice would you give samantha about project managers play the primary role in planning,executing, monitoring,controlling, and closing projects.

They are responsible for the entire scope of the project, the project team and resources, the project budget, and the success or failure of the project.The project manager is the person responsible for the delivery of the project.The individual leads and manages the project team, with authority and responsibility from the project board, to execute the project on a day-to-day basis.Team management conflict resolution.Nothing stops a project like a conflict,servant leadership.A project leader knows that people are not tasks, Motivation, Communication, Propose and guide changes,create solutions.This includes setting and managing customer expectations,developing a detailed project plan,defining the scope of the project,and assigning team members to specific tasks.  They create tangible goals,aligned with the overall vision of the organization and ensure that all objectives are met.Guidance comes in the form of project templates, standardized processes, education, and methodological recommendations.

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a business-to-business (b2b) positioning strategy can sometimes be less profitable than business-to-consumer (b2c) positioning. when targeting industrial users with its power tools, for example, black and decker may have to offer profit-reducing volume discounts, costly product service support, replacement guarantees, and so on, when selling to businesses. analyzing these profitability implications enables the company to choose value claims that are:

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Analyzing these profitability implications enables the company to choose value claims that are favorable. So that the common goals of the company will achievable.

In economic and business, Business-to-business or also known as B2B generally can be defined as a situation where one business makes a commercial transaction with another.  Business-to-business or also known as B2B  typically occurs when: A business is sourcing materials for their production process for output, i.e. providing raw material to the other company that will produce output.

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if foreign income and wealth decrease, this would most likely a. not affect the market for loanable funds. b. cause the supply of loanable funds to increase. c. cause the supply of loanable funds to decrease. d. cause the demand for loanable funds to increase in order for foreigners to maintain consumption. e. cause the demand for loanable funds to decrease.

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It will also have an impact on the CPI since because the cost of this good has decreased, so will the CPI, perhaps leading to a deflation.

The rise in import costs boosts real GDP and the GDP deflator because the US will import fewer of these cars from China as a result of people choosing to buy locally produced, more affordable vehicles, which will boost GDP even more than before. As a result, this scenario only affects the GDP deflator because real GDP is calculated as the sum of consumption spending, government spending, and government saving (in dollars). Both the GDP deflator and the CPI will be impacted by this because, in the first place, it will have an impact on exports, which will grow and generate more income for the US, raising real GDP as a result of lower fishing product prices, which will boost the US economy. It will also have an impact on the CPI since because the cost of this good has decreased, so will the CPI, perhaps leading to a deflation.

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what are the best ways that a firm can reduce the threat of imitation? decrease network externalities. eliminate economies of scale. decrease economies of scope. increase strategic complexity and create a credible threat of retaliation.

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The best way that firm can reduce threat of imitation is to eliminate the economies of scale.

What is imitation?

A person imitates another's conduct by observing it and then imitating it. Another practice that results in the is imitation "Eventually, traditions emerge into our culture. Without the necessity for genetic inheritance, it enables the transmission of knowledge between people and through the generations." However, research also indicates that imitational behaviors and other social learning processes are only selected for when outnumbered or coupled with asocial learning processes: an excess of imitation and imitating individuals leads humans to collectively copy ineffective strategies and evolutionarily maladaptive behaviors, reducing flexibility to novel environmental contexts that require adaptation. According to research, social learning that imitates others slows down learning in unfamiliar contexts and in circumstances when asocial learning is more efficient and beneficial.

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the concept that the whole is greater than the sum of its parts best characterizes: group of answer choices microeconomics. economics in general. macroeconomics. business forecasting.

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The concept that the whole is greater than the sum of its parts best characterizes macroeconomics. Hence, the correct option is (C).

What Is Macroeconomics?

Economics is one of the social sciences that studies how to fulfill the needs and desires of life effectively and efficiently. Judging from the field of study, economics can be divided into macroeconomics and microeconomics. Macroeconomics as the name implies has a broader scope than microeconomics. Macroeconomics studies the economic problems that exist in a country and assesses every economic decision taken by looking at the impact it can have on society. The main concept of macroeconomics is the whole is greater than the sum.

The question is incomplete, but most probably your question was:

The concept that the whole is greater than the sum of its parts best characterizes

A. Microeconomics

B. Economics in general

C. Macroeconomics

D. Business forecasting

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market value of a firm is the relevant measure of maximizing shareholder wealth because it: reflects profits of the firm. reflects amount of assets owned by the firm. reflects cash flows and risk of the firm. reflects net income of the firm. reflects strategies of the firm.

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reflects cash flows and risk of the firm, The market value of a company, which represents its cash flows and risk, is the appropriate metric for maximising shareholder wealth.

The market value of a company, which represents its cash flows and risk, is the appropriate metric for maximising shareholder wealth. The present value of the company is calculated using the market value, which also considers the risk involved with the predicted future cash flows. It takes into account the company's strategy and capacity to make future profits in addition to its existing assets and net income. The market value, which reflects the thoughts and expectations of all market players on the future performance of the firm, is the greatest measure of a company's financial health.

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Michael wa reading a book. The ratio of the number of page read to the number of page unread wa 2:5. After Michael had read 32 more page, the ratio of the number of page read to the number of page unread became 18:17. How many page were there in the book?

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The book that Michael was reading has 140 pages in total. So the correct answer to the question above is 140 pages of books.

The ratio of pages Michael has read to the number of pages unread was 2:5

Michael read again 32 pages.

The ratio of pages Michael has read to the number of pages unread changes into 18:17

First, we can assume that the total pages of the book based on the ratio are:

Before = 7 pages ratio ------> 2 : 5 ---> 2 + 5 =7

After reading 32 more pages = 35  pages ratio --> 18:17 --> 18 + 17 = 35

Second, we need to multiply both sides of the first ratio so the total ratio can be the same as after reading (35 pages)

7 × 5 = 35 ---->  (2 × 5) : (5 × 5) ---> 10 : 20

we can count :

10 : 20

18 : 17           both sides was changed 8 pages ratio

so the 8 pages  ratio is equal to 32 pages book

so 1-page ratio is equal to 4 pages book.

Third, we need to count the actual pages of the book:

= 35 × 4

= 140 pages

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junie is shopping for dinner. she picks up a package of hot dogs on sale, instead of the burgers she was intending to buy. junie's change in the demand for burgers is due to a change in

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Since hot dogs and burgers for Junie are subtitute goods, when there is a sale on hot dogs, Junie will change her purchase from burgers to hot dogs due to a change in the price of related goods.

Related goods are any products whose their demand are influenced by any price change of another related good. Related goods might come as subtitutions or complementary goods.

In this case, hot dogs and burgers act as subtitute goods for each other. Subtitute good refers to a product that has essentially the same or similar-enough value to another product. Subtitute good could easily replace a product by consumer if there is any change in prices.

In the case, the sale of hot dogs lower its price and make burgers, the initial product to buy, seems more expensive. Since both hot dogs and burgers give equal values for Junie, she will directly choose to buy hot dogs, the cheaper ones, than burgers.

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What cost term best fits the following​ descriptions? Choose from the following list of​ terms: direct​ cost, indirect​ cost, cost​ object, trace,​ allocate, and assign. Terms may be used more than once.
o anything for which a manager would like to know the cost
o A cost that can be traced to a cost object.
o A general term for attaching any type of cost to a cost object o A cost that is related to a cost object, but can't be traced to it o The method of assigning costs that results in a los precise cost figure o A cost that is readily associated with a cost object o The specific term for attaching a direct cost with a cost object o The specific term for attaching an Indirect cost with a cost object o A cost that is only used or shared by several cost objects o The method of assigning costs that results in a very precise cost figure o Whether a cost is direct or indirect depends on this

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Anything for which a manager would like to know the cost  best fits the following​ descriptions. In this case, Option A is correct

A manager is a person who oversees a specific area of a business, or they "manage" the business. Managers may be in charge of a department and the personnel within it. In some situations, the manager is in charge of the entire company. For instance, a "restaurant manager" is in charge of the entire establishment.

A manager is someone who primarily performs managerial duties. They ought to have the authority to hire, fire, discipline, conduct performance reviews, and keep track of attendance. Additionally, they ought to be able to approve overtime and vacation time. The person in charge is he or she.

Managing personnel or a particular division of the business on a daily basis is another responsibility of the manager.

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what data indicated possitive feelings from employees regarding the changes that occur at aba

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Positive feelings are feelings that we ordinarily view as pleasurable to encounter. The Oxford Handbook of Positive Brain science characterizes them as "lovely or attractive situational reactions, unmistakable from pleasurable sensation and undifferentiated positive effect"

Positive feelings from employees regarding changes at a company (in this case, the company is referred to as "aba") can be indicated by several data points, including:

Employee engagement surveys: Employee engagement surveys can provide valuable insights into how employees feel about changes in the company. Questions related to change management, communication, and alignment with company goals can help gauge employee sentiment.Performance metrics: Performance metrics such as productivity, efficiency, and customer satisfaction can be indicative of employee engagement and positive feelings towards changes.Employee turnover rate: A low employee turnover rate can indicate that employees are happy with their work environment and the changes that are taking place.Feedback from employee focus groups: Feedback from employee focus groups can provide valuable insights into how employees are feeling about changes in the company. These groups can be a forum for employees to voice their opinions and provide constructive feedback.Social media sentiment analysis: Social media sentiment analysis can provide insights into how employees are talking about the company and the changes that are taking place. This can be a useful tool for gauging employee sentiment in real-time.Employee satisfaction surveys: Employee satisfaction surveys can provide data on employee morale, job satisfaction, and perceptions of changes in the company.

These are some of the data points that can indicate positive feelings from employees regarding changes at a company. It is important to gather and analyze data from multiple sources to get a comprehensive understanding of employee sentiment.

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You own Company X. When you started the company, you Initially Invested $12,000. You also borrowed $12,000 through a five-year (long-term) loan, of which you have paid back $2,018. You have retained $1,291 In earnings to be reinvested in the company, and you decided to put $1,000 of it aside for a long-term Investment. The company owns land and a building worth $8,878 and equipment worth $4,230. As of today, the company has $8,250 in cash, $1,225 In Inventory, and is due to receive accounts worth $675. However, the company owes its suppliers $485 and has a $500 loan to pay off in the next six months.​

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You own Company X. When you started the company, you Initially Invested $12,000. Long-term investment calculation: Company X's assets total $25,513.

This includes the initial investment of $12,000, as well as $8,878 in land and building, $4,230 in equipment, $8,250 in cash, $1,225 in inventory, and $675 in accounts receivable.

Company X has a total debt of $985. This includes repaying the long-term loan of $2,018; paying suppliers $485; and repaying the $500 loan in six months.

Company X has a $24,528 net worth.

This is determined by dividing the total assets by the total liabilities ($25,513). $1,291 is the value of Company X's retained earnings.

This is the sum that has been set aside for the purpose of reinvesting in the business.

Company X has made a long-term investment of $1,000.

The sum that has been set aside for a long-term investment is this much.

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At what interest rate payable quarterly will payments of Php 500 at the beginning ofeach 3 months for 7 years discharge a debt of Php 12,500 due immediately. (ans: 3.44%)

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The interest rate payable quarterly for a debt of Php 12,500 due immediately is 3.44% when payments of Php 500 are made at the beginning of each 3 months for 7 years.

To calculate the interest rate, we must use the present value of an annuity formula. This formula takes into account the amount of each payment, the number of payments, and the present value of the annuity, which is the amount of the debt in this case. The formula for the present value of an annuity is PV = PMT [((1+i)^n -1) / i], where i is the interest rate, PMT is the payment amount, and n is the number of payments. To solve for i, we can rearrange the formula and take the nth root of both sides to get i = (1 + PMT/PV)^(1/n)-1. Plugging in the values, we get i = (1 + 500/12,500)^(1/7)-1 = 0.0344, or 3.44%. This means that by making payments of Php 500 at the beginning of each 3 months for 7 years, the debt of Php 12,500 due immediately will be discharged with an interest rate of 3.44%.

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refer to scenario 1.4. recently, darlene has found that they have begun to reach market saturation. she is having trouble finding new customers. one solution would be to increase the company's reach, perhaps by opening up locations in other areas. however, she knows this will be expensive. after noticing that many of their customers are planning on expanding and purchasing bigger facilities, darlene feels that the best option is to increase the company's . a. market share b. promotional efforts c. product output d. customer lifetime value e. share of customer

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In the above situation, it may be stated that increasing the company's product output for expanding and purchasing bigger facilities. Therefore, the option C holds true.

The production and output of a business organization is the most important factor of any business environment. In fact, its influential is so much so that the reach of the company may be increased with a dedicated growth in its revenues and profits at the same time. It is also the most apt thing that can be done in the situation given above.

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What key questions should you consider when deciding who should be accountable for a task? Select all that apply.A) Which department manages the work? B) Who might delegate the task to another team member? C) Who should review the work to confirm it is complete? D) Who should perform the work?

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When deciding who should be responsible for a task, it is important to consider several key questions. First, which department manages the work? Knowing which department is responsible for a task can help determine the most appropriate person to handle it.

Second, who can delegate a task to another team member? Delegating a task to another team member can be a practical way to ensure it is completed on time. Third, who should review the work to confirm that it is complete? Asking someone to check the work can help ensure that the task meets the required standards. Finally, who should do the job? It is important to determine which person or team is best suited to complete the task. By considering each of these questions, it is possible to determine who should be responsible for the task.

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The agile release train uses which type of teams to get work done?
a. Management Teams
b. Solution Teams
c. System Teams
d. Cross Functional Teams

Answers

Option D. The Agile Release Train uses Cross-Functional Teams to get work done. Cross-Functional Teams are composed of individuals with a range of skills and expertise who work together to deliver a solution.

In Agile, cross-functional teams are seen as the cornerstone of delivering value, as they bring together people with different perspectives and skill sets to work collaboratively and efficiently towards a common goal. Cross-functional teams are teams made up of individuals from different functional areas within an organization, such as marketing, engineering, finance, etc. These teams are formed to achieve a common goal that requires expertise and contributions from multiple functional areas. Cross-functional teams help break down silos and promote collaboration and communication across departments, leading to more effective problem solving and decision making.

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an individual is more likely to free ride when a good is:

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An individual is more likely to free ride when a good is non-excludable.

Non-excludable goods are goods that are difficult to restrict access to, so one individual's consumption of the good does not reduce the amount available to others. This characteristic of non-excludable goods often leads to the phenomenon of free riding, where individuals may choose to consume the good without contributing to its production or provision, relying on others to do so instead.

Examples of non-excludable goods include public goods, such as national defense, parks and beaches, or clean air and water. These goods are typically provided by the government or other public institutions and are available to all citizens regardless of their contribution. The non-excludable nature of these goods creates a challenge for their financing and maintenance, as individuals may be incentivized to not contribute, knowing that they can still access the good even if others contribute.

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what is authority that flows up and down the chain of command called

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Authority that flows up and down the chain of command is called Line authority.

The chain of command is a downward movement of line authority. Line authority, for instance, allows the vice president of finance to seek a specific report from a department head and the production supervisor to order a worker to operate a certain machine.

The line of authority within an organisation that has the authority to direct subordinates to carry out a task that is under their job description.

Hence, the correct answer is line authority.

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What type of account is Aaron Pickle, Capital?
O Asset
OT account
Owner's Equity
O Liability

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Answer:

Asset.

Explanation:

Which techniques improve economies of scale? Select all that apply. That's not right. operating an extruder and no other e employing sales specialists X quipment as the size of the factory increases ployees th

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In order to attain economies of scale, businesses must increase output while reducing expenses. Costs are distributed among a greater variety of commodities, which is why this occurs. Both fixed and variable costs are possible.

The three basic strategies for enhancing a company's economies of scale are labour, organisation, and buying. Diseconomies of scale: What are they? Diseconomies of scale occur when a company's cost per unit rises as more units are sold. Reduced manufacturing costs are a result of economies of scale. Reduced unit costs that result from increasing a product's overall output are referred to as economies of scale. Financial (obtaining cheaper interest rates when borrowing from banks and having access to a wider variety of financial instruments), management (raising the specialisation of managers), purchasing (buying in bulk through long-term contracts), and marketing (spreading...

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