which of the following statements correctly contrasts inferential statistics and descriptive statistics

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Answer 1

The statement that contrasts correctly with inferential statistics and descriptive statistics, is Inferential statistics are used to make predictions about phenomena, whereas descriptive statistics are used to explain characteristics of variables. Correct answer: letter B.

This statement contrasts correctly with inferential statistics and descriptive statistics because it has the specific characteristics of each type of statistics mentioned.

What are the similarities between inferential statistics and descriptive statistics?

Descriptive statistics are used to describe the basic features of a data set in quantitative terms. Inferential statistics are used to draw conclusions from data that are subject to random variation (e.g., sampling error). Descriptive statistics this might include the mean and standard deviation for continuous data, or the count and percentage for categorical data. Inferential statistics this might include estimating the value of a population parameter from a sample statistic, or testing a hypothesis about a population parameter.

Which of the following statements correctly contrasts inferential statistics and descriptive statistics?

A) Inferential statistics are used to present data and information, whereas descriptive statistics areused to develop population parameters.

B) Inferential statistics are used to make predictions about phenomena, whereas descriptive statistics are used to explain characteristics of variables.

C) Inferential statistics are gathered using univariate analysis, whereas descriptive statistics aregathered using multivariate analysis.

D) Inferential statistics are gathered using univariate analysis, whereas descriptive statistics aregathered using multivariate analysis.

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Related Questions

when established major composers negotiate final contracts for work with a producer, they are usually represented by a(n) .

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When established major composers negotiate final contracts for work with a producer, they are usually represented by an agent.

A contract is a settlement among events, creating mutual obligations which might be enforceable by using the regulation. The basic factors required for the settlement to be a legally enforceable agreement are mutual assent, expressed by using a legitimate provide and popularity; good enough attention; ability; and legality.

A settlement is a legally binding settlement between two or more events. once signed, this contractual settlement creates a promise that positive rights and responsibilities could be fulfilled with the aid of every birthday celebration. In essence, a promise is at the heart of every agreement.

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suppose the country of lilliput exported $131 billion worth of goods and imported $435 billion worth of goods in the last calendar year.

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A country's net exports are calculated by deducting the value of all of the goods and services it exports from the value of all of the goods and services it imports.

What Are Net Exports?The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy as subtracting the value of all the products and services a country exports from the value of all the goods and services it imports.A nation with positive net exports experiences a trade surplus, while one with negative net exports experiences a trade deficit. The overall trade balance of a nation includes its net exports as a result.For a given year, net exports = total exports - total imports

= $435  - $131 = $304.

The net exports is $304  billion.

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immediately after the fed changes the money supply from its initial equilibrium level, the quantity of money supplied is

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Less than the quantity of money demanded at the initial equilibrium. The reduction in the supply of money causes the demand for goods and services to fall but does not impact the economy's long-run productive capacity.

The word equilibrium has a root inside the Latin phrase libra, because of this weight or stability. a few examples of equilibrium are A book saved on a table at relaxation. A vehicle shifting at a constant pace. A chemical reaction wherein the charges of forward reaction and backward response are identical.

Honestly placed, it refers to a kingdom in which competing forces or extremes are balanced.  The diffused middle point in which all the competing forces and priorities in our lives are balanced.

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a classified balance sheet is one that distinguishes between operating and non-operating assets. group startstrue or false

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A classified balance sheet distinguishes between operating and non-operating assets. This is false.

A classified balance sheet distinguishes between current and non-current assets and liabilities. A classified balance sheet is a financial statement with classifications like current assets and liabilities, long-term liabilities, and other things. By organizing the information into categories, it can be easier to read and extract the information you need than if it was simply listed in a large number of line items.

The classified balance sheet also gives users more information about the company and its operators.

Here are some examples of classifications for balance sheets:

Current assets, long-term investments, intangible assets, current liabilities, long-term liabilities, etc.

Current assets include cash as well as any assets that can be converted into cash or consumed within one year.

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all of the following are among the popular mobile marketing strategies except: a. in-game mobile marketing b. app-based marketing c. location-based marketing d. customer-based marketing

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All of the following are among the popular mobile marketing strategies except: b. Customer-based marketing.

What is mobile marketing strategies?

Mobile marketing strategies can be defined  the way in which companies tend to make use of  text messages, in-game mobile marketing to promote and market their product to the people.

This type of marketing strategies includes making use of the following:

In-game mobile marketing Location-based marketing App-based marketing

Therefore the correct option is B.

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All of the following are among the popular mobile marketing strategies except the customer-based marketing. The Option D is correct.

What is a mobile marketing?

Basically, a mobile marketing means a multi-channel and digital marketing strategy aimed at reaching a target audience through medium such as smartphones, tablets and other mobile devices, via websites, email, SMS and MMS, social media and apps.

In recent years, people have started to shift their attention to mobile, because of this, marketers are doing the same in order to create true omnichannel engagement. As technology becomes more fragmented, so does marketing.

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The main purpsoe of is to coordingare activities within a unified system that create better value for customers. business logisticsservice managementproduction linestransactional processingsupply chain management

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The correct option is service management: - The main purpose of service management is to coordinate activities within a unified system that creates better value for customers.

Carrier management in the manufacturing context is incorporated into delivery chain management as the intersection of real income and the consumer factor of view. The purpose of excessive-performance carrier management is to optimize the carrier-in-depth supply chains, which are usually greater complicated than the standard finished-goods supply chain. most carrier-extensive supply chains require larger inventories and tighter integration with discipline providers and third parties. in addition, they should accommodate inconsistent and uncertain demand with the aid of setting up greater superior records and product flows. furthermore, all procedures should be coordinated throughout severe service places with massive numbers of components and more than one degree within the delivery chain.

among usual manufacturers, publish-sale offerings (renovation, repair, and elements) account for much less than 20% of revenue. however, some of the most modern groups in service, the ones equal sports regularly generate greater than 50% of the income.

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Why is it important to create a web maintenance schedule? check all of the boxes that apply. it decides who will be doing the website maintenance. it explains what website maintenance will need to be done. it determines the audience of the web page. it describes how frequently these actions will happen.

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Everyone understands the importance of having a website that is well-organized. However, simply having a functioning website is insufficient. Your website must be continuously updated and maintained in order to function at its best. Websites require maintenance in order to operate properly, much like cars do. Proper website maintenance increases traffic, encourages repeat visitors, and other benefits. Additionally, it promotes website security. We'd be pleased to go over some of the main justifications for why we believe it's essential to refresh your website. For the reasons given below, website maintenance is essential:

1. It increases safety.

2. It Boosts Online Traffic

3. The user experience for visitors is improved.

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FILL IN THE BLANK. ____ involves the adoption of an idea, process, technology, product, or business model that is either new or new to its proposed application.

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Innovation involves the adoption of an idea, process, technology, product, or business model that is either new or new to its proposed application.

You must be able to create and provide something distinctive to the market if you want to be successful as an entrepreneur. Entrepreneurship is increasingly being linked to creativity, or the capacity to create something novel, especially an idea or a representation of an idea. Creativity is a prerequisite for innovation, but creativity is really applied in innovation. Innovation is the translation of creative ideas into useful goods or services. Innovation in the context of entrepreneurship refers to any fresh concept, procedure, or product as well as any modification to an existing good or method that improves it.

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which of the following statement is not true about increasing financial leverage? group of answer choices a public corporation leverages equity by borriwing more money a leveraged firm is definitely more risky than an unleveraged firm all of these answers are true adding leverage to a given asset always adds risk

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All of the statement is true about increasing financial leverage.

When you borrow money to make an investment with the aim of higher returns, you are using financial leverage. It's based on the notion that you have to spend money to create money. Purchasing a home, making an investment in a business, or purchasing an investment property are examples of financial leverage.Leverage in finance refers to any strategy that involves borrowing money to make purchases with the expectation that future earnings will be much greater than the cost of borrowing. Leverage is a tactic used by businesses in finance to boost assets, cash flows, and profits, while it may also amplify losses. Leverage comes in two primary flavors: financial and operational.

Thus this is the meaning of financial leverage.

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which of the following is not a basic category of warranties? multiple choice question. implied warranties of consideration express warranties implied warranties of quality implied warranties of title

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Implied warranties of consideration express is not a basic category of warranties.

What are the basic category of warranties?The implied warranties of merchantability (only provided by merchants), fitness for a particular purpose, and title are the three main varieties that fall under the implied category.different warranties. Express and implied warranties are the two different kinds of guarantees.Express warranties and implied guarantees, such as warranties of merchantability and fitness, are two different sorts of warranties. The merchant expressly guarantees the products and backs them up with coverage to make sure customers get what they paid for.The warranty is a legally binding commitment that guarantees the buyer that the good or service is defect-free.

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The first step in the screening process for potential markets and sites is to a. Identify the basic appeal of a market b. Select a favorable market or site c. Assess the national business environment d. Measure the market or site potential

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C. The first step in the screening process for potential markets and sites is to identify the basic appeal of a market.

Identifying whether there is a fundamental demand for a business's product is the first step in looking for potential markets. screening process  plays a key role in determining this fundamental appeal.

Then it also helps in choosing where to market or produce goods would be simple if all countries' business environments were the same. Managers could rely on statistics that track the state of the local economy and examine projected returns on investments.

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a report about how american college students manage their finances includes data from a survey of college students. each person in a representative sample of 793 college students was asked if they had one or more credit cards and if so, whether they paid their balance in full each month. there were 500 who paid in full each month. for this sample of 500 students, the sample mean credit card balance was reported to be $825. the sample standard deviation of the credit card balances for these 500 students was not reported, but for purposes of this exercise, suppose that it was $195. is there convincing evidence that college students who pay their credit card balance in full each month have a mean balance that is lower than $905, the value reported for all college students with credit cards? carry out a hypothesis test using a significance level of 0.01.

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Yes. There is sufficient proof to back up the assertion that college students who pay off their entire credit card bill each month have a mean balance that is less than $905.

Calculation:

Then, the null and alternative hypothesis are:

H₀ : μ = 905

Hᵃ : μ < 905

The significance level is 0.05

The sample has a size n = 500

The sample mean is M = 825

The estimated standard error of the mean is computed using the formula:

δM = δ/√n = 200/√500 = 8.94

Then, we can calculate the t-statics as :

t = M - μ / δ /√n = 825 - 905 /8.94 = -80/8.94 = -8.94

The degrees of freedom for this sample size are :

df = n - 1 = 500 - 1 = 499

This test is a left-tailed test, with 499 degrees of freedom and t=-8.94, so the P-value for this test is calculated as (using a t-table):

P - value = P(t < - 8.94) = 0

As the P-value (0) is smaller than the significance level (0.05), the effect is significant.

The null hypothesis is rejected.

The claim that college students who pay their credit card debt in full each month have a mean balance that is lower than $905 is sufficiently supported by the data.

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Garlic, an individual, is a limited partner in onion partnership. This year, garlic's share of partnership ordinary income is $20,000, and she received a cash distribution of $30,000. Garlic's tax basis in her partnership interest at the beginning of the year was $50,000. Her marginal tax rate is 22 percent. Garlic qualifies for the qbi deduction, without regard to any limitations on this qbi deduction.

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A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities.

How did this occur ?

Talking about the tax cost of Garlic's partnership earnings this year

= $3,520

Calculation = [ ( $20,000 ordinary income - $20,000 * 20% Section 199A deduction) * 22% ]

Garlic's after cash flow : = $26,480

Calculation = ($30,000 cash distribution - $3,520 tax cost)

Tax basis in her partnership would be = $40,000 (Answer)

Calculation = ($50,000 beginning basis + $20,000 ordinary income - $30,000 cash distribution).

This is how the above process happens.

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A​ ________ is a series of sequential steps a manager uses to respond to a structured problem.

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Answer:

your answer is procedure.

How does a monthly payment change by increasing the interest rate?.

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The amount of your monthly payment and interest rate will not change.

What impact does interest rate have on monthly payments?As a general rule, the higher your mortgage interest rate, the more monthly expenses associated with your mortgage you can anticipate paying.If you have a fixed-rate mortgage, the increase in interest rates won't affect your loan in any way; your interest rate and monthly payment will stay the same. However, if you have an ARM, rising interest rates could increase your monthly payment, and fixed mortgage rates might be more expensive for brand-new house loans.Debtors with variable interest rate debt are instantly impacted by rising rates. Existing fixed-rate loans are unaffected, but new debt carries a higher risk of payment increases.

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How is the president pro tempore chosen ?.

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The senator from the ruling party with the longest history of continuous service is traditionally chosen by the Senate to serve as president pro tempore (or "president for a time").

The second-highest ranking official in the United States Senate and senior senator is known as the president pro tempore of the United States Senate (often abbreviated as president pro tem). The vice president of the United States is the president of the Senate (despite not being a senator), and the Senate is required to elect a president pro tempore to preside over the chamber in the vice president's absence, according to Article One, Section Three of the United States Constitution.

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which one of the following measures a bond's sensitivity to changes in market interest rates?
target date valuation yield to call yield to market immunization duration

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The bond's sensitivity to changes in market interest rates is measured by immunization.

A person is protected against a disease by the process of immunizing themselves. This phrase is frequently used synonymously with the words vaccination or inoculation.

Immunity acquired by vaccination is comparable to immunity acquired from exposure to disease, except that you get a vaccine as opposed to contracting the illness. This is why vaccinations are such effective medical treatments.

Immunization protects against serious sicknesses and infections that can be prevented through vaccination. Hepatitis B, paralysis of limbs, brain damage, amputation of legs or arms, hearing loss, and brain dysfunction that, if ignored, results in death are some of the diseases that can be prevented by vaccination. The immunity of a youngster is weak.

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What are the 5 steps of a business plan?.

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5 Steps to Develop a Viable Business Plan

Step 1: Define Your BusinessStep 2: Determine Your Target AudienceStep 3: Understand the 5 Forces that impact Your BusinessStep 4: Create a Competitive StrategyStep 5: Project Your Financial Performance

A business plan 5 is what?

A five-year business plan is a strategic road map that aids organizations in more effectively achieving long-term objectives, such attracting investors or generating a set level of revenue. These plans frequently include information that helps show a business's precise goals and the strategy it will use to attain those goals.

An executive summary, an explanation of your products and services, a marketing and sales strategy, operational details, financial predictions, and an appendix are often included in a standard business plan.

Good plans typically cover all part of the firm, including the market, marketing, finances, employees, and other operating procedures. They are typically very extensive. They demand dedication from everyone, are clear, and are communicated to all corporate personnel.

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The illness of which president led to his wife assuming some of his responsibilities and decision making?.

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Woodrow Wilson's illness led to his wife Edith Bolling Galt Wilson assuming some of his responsibilities and decision making

The second spouse of the 28th President, Woodrow Wilson, was Edith Bolling Galt Wilson. She held the position from 1915 to 1921. She pre-screened all affairs of state when the President suffered a serious stroke, effectively administering the Executive arm of government for the rest of Wilson's second term.

Who is Woodrow Wilson?

American politician and professor Thomas Woodrow Wilson presided over the country as the 28th president from 1913 to 1921. Before winning the 1912 presidential election, Wilson, a Democrat, held the offices of governor of New Jersey and president of Princeton University.

Who is Edith Bolling Galt Wilson?

From 1915 to 1921, Edith Wilson served as the country's first lady. She was also President Woodrow Wilson's second wife. In December 1915, during his initial term as president, she wed the widower Wilson.

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to encourage invention and innovation, the government provides: group of answer choices public franchises. government licenses. patents. natural monopolies. easily obtained ownership barriers to entry.

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To encourage invention and innovation the Government provides natural monopolies.

If one company can serve a given market more affordably than any combination of two or more firms, then that market has a natural monopoly.

Government-created monopolies frequently aim to provide economies of scale that benefit customers by lowering costs. Electricity, gas, and water utilities are a few examples of organizations built to make use of economies of scale.

A business with a natural monopoly could be the sole supplier of a good or service in a given sector or region. Natural monopolies are permitted when one company can provide a good or service at a lower cost than any potential rival, but they are frequently very strictly regulated to protect consumers.

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place the industries into the proper category (monopolistic competition, monopoly, competition). items (6 items) (drag and drop into the appropriate area below) carrot farmersa company that sells bottled waterthe only doctor's office in a townfast-food restaurantsyour local electric companya clothing store in the mall categories monop. competition drag and drop here monopoly drag and drop here competition drag and drop here

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The following industries are monopolistic competitions:

a company that sells bottled waterfast-food restaurants

The following industries are monopolies :

the only doctor's office in a town

your local electric companyfast-food restaurants

The following industries are competitions:

carrot farmers

What are monopolies and monopolistic competitions?

Monopolistic competition occurs when many firms in an industry sell similar goods that are not perfect substitutes for each other. The price of goods and services is set by monopolistic competition. For example, while all fast food restaurants sell food, the type of food and the quality of the food vary.

A monopoly occurs when only one firm operates in an industry. Firms typically face high entry barriers. The demand curve slopes downward. It determines the cost of its goods and services. A utility company is an example of a monopoly.

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splace the industries into the proper category (monopolistic competition, monopoly, competition). items (6 items) (drag and drop into the appropriate area below) carrot farmersa company that sells bottled waterthe only doctor's office in a townfast-food restaurantsyour local electric companya clothing store in the mall categories monop. competition drag and drop here monopoly drag and drop here competition drag and drop here

____ is an iterative method in which resources are allocated to activities based on the least slack.
a. Resource leveling
b. Resource monitoring
c. Resource limited scheduling
d. Resource evaluation scheduling

Answers

Resource allocation for activities is done iteratively using the resource-limited scheduling option (c), where the least amount of activities receives the most resources.

Why is resource limited scheduling used?

Resource-limited scheduling seeks to ensure that the project can be finished as quickly as possible utilising the available resources. Although it also limits flexibility and raises the criticality of each event in the project, project managers that employ this method find that it produces a more realistic timetable.

Resource-constrained scheduling, also known as limited resource scheduling, doesn't sound like anything you want to be dealing with in your company. Your ears perk up as soon as terms like "restricted" or "constrained" are said. Despite the negative connotations of these terms, "restricted resource scheduling" is a good thing.

What is the importance of Limited Resource Scheduling?

Planning and scheduling are more crucial than ever due to restricted resources. It is obvious that having a finite amount of resources has a significant impact on the project's timeline and the precise schedule you must adhere to in order to stay on track. Any company may experience difficulties when working on a project with few resources. Therefore, it's critical to comprehend how you use resource-constrained scheduling to prevent significant delays and disruptions.

The final conclusion is that if you use limited resource scheduling and planning, you can meet a deadline. Yes, your situation will be much more complicated. Finding the best project route will be challenging, and event criticality will rise. Less flexibility in how you work will result, but if you achieve your goals, it will all be worthwhile. Project delays can result in financial loss, dissatisfied clients, and other problems. You may prevent these issues and find out how to optimise your project timeline by using restricted resource scheduling.

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during the current year, penman inc. issued three short-term notes payable with principal and interest due at the end of the term of the note. compute interest accrued for each of the notes payable as of december 31 of the current year (assume a 365-day year).

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Interest accrued for each of the notes payable as of December 31 of the current year :

Nissim $328.77 ($30,000 × 10% × 40 ÷ 365)

Klein $86.79  ($22,000 × 8% × 18 ÷ 365)

What is Interest?Interest is the price you pay for borrowing money or the cost you charge for lending money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan.There are three types of interest: simple interest (periodic), accrued interest, and compound interest.Interest accrues when you lend money or put money into an interest-bearing bank account, such as a bank account. Savings account. In  account deposits, banks make loans. They use your money to provide loans and invest in other customers.Life interests are created as terms of your will. This creates a trust where the executor retains legal control of  the assets and the beneficiaries of the assets can use the assets for the rest of their lives. A common asset used for significant profit is the family home.

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regardless of whether variable costing or absorption costing is used, if quantity produced differs from quantity sold, income will be

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Regardless of whether variable costing or absorption costing is used, if the quantity produced differs from the quantity sold, income will be Higher expenses mean an increase in costs.

What is variable cost?

Variable costs are expenses that change in proportion to the volume of goods or services that a business produces. In other words, they are costs that change succumbing on the volume of activity. The costs enhancement as the volume of activities enhancement and reduction as the volume of activities reduction.

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during the fall of 2007, the united states economy began descending into a deep recession. as a result, the federal government and the federal reserve acted to stimulate economic growth. which of the following would have been an appropriate fiscal policy?

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During the fall of 2007, the deep recession affect the economic crisis was caused by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages.

What do you understand by the recession in 2007?

The Great Recession drastically cut employment for many Americans, but these reductions were disproportionately felt by men, young people, and those with less education.

The United States went through its worst recession since the postwar era between December 2007 and June 2009.

Only more than three years after the recession's start was the almost 4 percent fall in gross domestic product (GDP) reversed.

Almost every sector of the U.S. economy suffered during the worst years of the Great Recession.

The recession's after effects disproportionately affected men, the young, and those with lower levels of education. Employment losses were significant but unevenly dispersed.

Therefore, during the fall of 2007, the deep recession affect the economic crisis was caused by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages.

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gregory bought 515 shares of stock at a price of $34 per share. he later sold his stock at a price of $32. what was his total return on his investment?

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The total return on his investment is 1030.

Stocks he bought  at $34

515* 34 = 17510

Stocks he sold at $32

515 * 32 = 16480

The total return on his investment is 1030.

An investment includes placing capital to apply these days so that you can increase its cost over time. Funding requires putting capital to work, in the form of time, money, effort, and so on., in hopes of a more payoff inside the future than what became firstly installed.

The brand new Liberty trendy alternate recorded the primary trade of Bitcoin for greenbacks in late 2009. users at the BitcoinTalk discussion board traded 5,050 bitcoins for $five.02 through, making the primary fee mediated via an alternate good buy basement rate of $zero.00099 consistent with bitcoin.

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motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals is the definition of which management function? multiple choice question. organizing conceptualizing informing leading

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Multiple choice questions are used to define the management function of leadership. encouraging, guiding, and generally persuading employees to put in a lot of effort to fulfill the objectives of the organization.

What inspires and influences others to fulfill the objectives of the organization?

The third essential management task is leadership, which involves inspiring and directing others to work toward common objectives. Anyone in an organization who has the power to persuade others to act or follow, frequently of their own volition, can be considered a leader, regardless of rank.

What part does management play in terms of leadership?

Leading entails defining a vision, energizing staff, inspiring others, and motivating others by using vision, influence, persuasion, and effective communication techniques.

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stall cycles due to mispredicted branches increase the cpi. what is the extra cpi due to mispredicted branches with the always-taken predictor? assume that branch outcomes are determined in the ex stage, that there are no data hazards, and that no delay slots are used.

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The cpi rises when branches are mispredicted and cycles stall. What is the extra cpi resulting from incorrect branch predictions made by the always-taken predictor.

What is CPI?
The monthly change throughout prices paid by American consumers is tracked by the Consumer Prices Index (CPI). The CPI is calculated by the Bureau of Labor (BLS) as a weighted average of price levels for a selection of goods and services that is indicative of total consumer spending in the United States. Among the most widely used indicators of deflation and inflation is the CPI. In contrast to the producer price index (PPI), that also tracks changes in the prices paid to American producers of goods and services, the CPI report employs a different questionnaire technique, price samples, as well as index weights.

Assume that no data risks exist, no delay slots are utilized, and that branch outcomes are established in the ex stage. Mispredicted branches cause cycles to stall, which raises the CPI. That there are no data dangers and that no delay slots are utilized in the EX stage. This will establish branch predictor accuracy and Mispredicted branches cause cycles to stall, which raises the CPI. that the ex stage is where branch outcomes are decided, that there are no data risks, and that no delay slots are employed.

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Hudson Oil and Gas Inc., based in Houston, has a plant in Norway that builds cargo ships used to transport the company's products around the world. Each year the plant has been profitable, but Hudson Inc. is not able to convert the profits into U.S. dollars and take them out of the country. What type of convertibility does this represent? Multiple Choice carry convertible nonconvertible freely convertible proconvertible

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Hudson Oil and Gas Inc., based in Houston, has a plant in Norway that builds cargo ships used to transport the company's products around the world. Nonconvertible type of convertibility does this represent.

A company , abbreviated as co., is a criminal entity representing an association of humans, whether or not herbal, legal or a aggregate of each, with a selected goal. company individuals share a not unusual cause and unite to reap unique, declared desires.

An organization is a kind of business structure that may be a separate criminal entity from its proprietors. it is a complicated business shape, with better set-up and administrative costs due to extra reporting requirements and better-level felony duties.

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What are the 5 activities in human resource management?.

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Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.

What is human resource management?The division of a commercial organization that handles employee hiring, management and termination is known as human resource management or HRM. HRM places a strong emphasis on the role that people play in a company, ensuring that best work practices are always followed.

What advantages does human resource management provide? It takes a lot of effort to entice talent that is at the top of the industry.Better Onboarding, Greater Employee Retention.Less Compliance Issues, Access to Big-Company Employee Benefits and Anytime, Anywhere HR Access.Effortlessly save time and energy.Planning, organizing, directing, and controlling are the four fundamental duties of an HRM, just like those of any manager.

Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.

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