Analysts will be concerned because a high ratio of intergovernmental revenues to total revenues means the dependence of government is dependent on High Risk Revenue sources.
Development of a part/state (of that economy) is directly proportional to the contribution in the Intergovernmental Revenues of that part/state (of the economy).
When the ratio is low the analysts will be concerned as the revenue collected from other governments (within the economy) will contribute to the development of that particular portion of that economy and if its low then the development will also be affected in that area.
What are High Risk Revenue Sources?
It means the resources that have forces which are not in control or cannot be changed by Government.
What is Inter governmental Revenues?
Intergovernmental revenues are funds received from other governments within that nation or economy, either in the form of grants or reimbursement of costs incurred.
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if the required reserve ratio is 10 percent, what is the maximum change in the money supply from john’s deposit of $50,000 cash into his checking account?
$4,50,000 is the maximum change in the money supply from john’s deposit of $50,000 cash into his checking account.
What is the difference between a checking account and a bank account?A checking account is a bank account from which you can write checks or access funds in a variety of other ways, making it your primary bank account for daily transactions.
A checking account helps you achieve financial success. Get faster access to your money, complete financial transactions on your phone or tablet, be confident that your money is safe, and easily track your spending to make better financial decisions.
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What are the similarities and differences in the economic effects of tariffs and quotas?.
A quota is a limit set by the government on the amount of goods produced abroad and sold domestically. Tariffs lead to the generation of national income and thus to an increase in GDP.
Unlike quotas, it has no effect because it imposes the number of items, not the quantity. The fundamental difference between the economic impact of tariffs and quotas is that tariffs are more likely to generate revenue for the government. Both tariffs and quotas are forms of government regulation designed to protect international trade with other countries. Tariffs are introduced by governments to protect international trade by maintaining tax rates on trade.
Quotas are set by governments by maintaining quantities of traded goods. These regulations affect domestic importers or exporters. Quotas are like tariffs. In fact, they can be represented by the same diagram. The main difference is that tariffs work through price whereas quotas limit quantity. Quotas are therefore quantitative restrictions imposed by imports.
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During 2021, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much cash did anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by anders during 2021?
1. The cash that Anders received from the sale of the building was $130,000.
2. The depreciation expense recorded on buildings during 2021 was $45,000.
3. The purchase cost of buildings by Anders in 2021 was $280,000.
How were the numbers determined?The cash received from the sale of the building was an addition to the book value and the gain from the sale.
The depreciation expense is worked out by preparing the T-account for Accumulated Depreciation using the data on buildings.
Similarly, the cost of the buildings purchased during 2021 is a product of the T-account for Buildings.
Book value of building during 2021 = $70,000
Original cost of building = $300,000
Gain from the sale of the building = $60,000
Cash received from the sale of the building = $130,000 ($70,000 + $60,000)
T-accounts:Building
Account Titles Debit Credit
Beginning balance $400,000
Sale of a building $300,000
Purchase of building 280,000
Ending balance $380,000
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Accumulated Depreciation - Buildings
Account Titles Debit Credit
Beginning balance $285,000
Sale of a building $230,000
Depreciation Expense 45,000
Ending balance $100,000
Question Completion:2021 2020
Buildings $ 380,000 $ 400,000
Accumulated depreciation-Buildings (100,000) (285,000)
Buildings, net $ 280,000 $ 115,000
financial intelligence, revised edition: a manager's guide to knowing what the numbers really mean hardcover pdf
This is a famous book which is written by Karen Berman , Joe Knight and John Case.
What does it teach?
The book teaches us about the importance of numbers.It talks about up to date and helps to teach the basics of finance to managers. It also addresses various issues that have become important for understanding financial crisis along with broader financial and accounting literacy.It gives non-financial managers the confidence, knowledge, experience and responsibility.Hence, the book is an experience in itself. It talks about various roles, numbers and financial numbers.
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What are the 3 types of resources in resource management?.
The three styles of assets in aid control are People (Work Resources), Capital (Cost Resources) and Material Goods (Material assets).
The required details for Resource in given paragraph
Resource refers to all of the substances to be had in our surroundings which are technologically accessible, economically possible and culturally sustainable and assist us to fulfill our wishes and wants. Resources can extensively be labeled upon their availability — they may be labeled into renewable and non-renewable assets. They also can be labeled as real and capacity on the idea of the extent of improvement and use, on the idea of beginning they may be labeled as biotic and abiotic, and on the idea in their distribution, as ubiquitous and localized. An object will become a aid with time and developing technology. The advantages of aid usage might also additionally encompass accelerated wealth, right functioning of a system, or more advantageous well-being.
The idea of assets has been evolved throughout many hooked up regions of work, in economics, biology and ecology, pc science, control, and human assets for example - connected to the standards of competition, sustainability, conservation, and stewardship.
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When nikki passes the first management quiz with flying colors, she credits her dedication and intellect. When she fails the first test, she blames it on a poorly worded test. This is an example of the ________ bias.
When Nikki passes the first management quiz with flying colors, she credits her dedication and intellect. When she fails the first test, she blames it on a poorly worded test. This is an example of a self-serving bias.
Management may be defined as a technique of having the paintings or the project executed that is required for reaching the desires of an enterprise in an efficient and powerful manner. the technique implies the features of the management. this is, making plans, organizing, staffing, directing, and controlling.
Brief-term generally entails processes that show outcomes within a year. businesses' goal medium-time period plans at consequences that take several years to gain. lengthy-term plans encompass the overall goals of the organization set four or 5 years in the destiny and generally are based totally on accomplishing the medium-term targets.
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the stockholders' equity section of the balance sheet for pokagon corporation appeared as follows before its recent stock dividend: common stock, $10 par, 10,000 shares issued and outstanding $ 100,000
The dividend rate and par value of each equity are specified in the preferred stock prospectus for each issuance of preferred stock.
How to Calculate Preferred Dividend?The preferred stock prospectus for each issue of preferred stock specifies the dividend rate and par value of the equity. The total yearly preferred dividend is calculated by multiplying the dividend rate by the par value. If the whole dividend is to be paid in installments, such as quarterly, the issuer divides the total preferred dividend by the number of periods to obtain an approximation of the installment payment. The preferred dividend coverage ratio assesses a company's capacity to pay the necessary sum to holders of its preferred stock shares. The dividend on preferred stock shares is predetermined and unchangeable.A company in good health will have a high preferred dividend coverage ratio, which shows that it won't have any trouble covering the preferred dividends it owes.For Example
Divided = Issue share × per unit share
= 1000 × 10 = 10000.
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The dividend rate and par value of each equity are specified in the preferred stock prospectus for each issuance of preferred stock.
How to Calculate Preferred Dividend?The preferred stock prospectus for each issue of preferred stock specifies the dividend rate and par value of the equity.The total yearly preferred dividend is calculated by multiplying the dividend rate by the par value. If the whole dividend is to be paid in installments, such as quarterly, the issuer divides the total preferred dividend by the number of periods to obtain an approximation of the installment payment.The preferred dividend coverage ratio assesses a company's capacity to pay the necessary sum to holders of its preferred stock shares. The dividend on preferred stock shares is predetermined and unchangeable.A company in good health will have a high preferred dividend coverage ratio, which shows that it won't have any trouble covering the preferred dividends it owes.For Example
Divided = Issue share × per unit share
= 1000 × 10 = 10000.
Computation of the given data are as follows:
Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)
= $100,000 + 10,000 = $110,000
Additional paid-in capital after issuing stock dividend = 120,000 + ( 10,000 ×10% × $10)
= 120,000 + 10,000 = $130,000
Retained earnings after issuing stock dividend = 150,000 + ( 10,000 ×10% × $20)
= 150,000 + 20,000 = $170,000
The complete question is,
The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock dividend: Common stock, $10 par, 10,000 shares issued and outstanding $ 100,000 Additional paid-in capital - common 120,000 Retained earnings 150,000 Total stockholders' equity $ 370,000 Potawatomi declared a 10% stock dividend (considered small) when the market price per share was $20. After the stock dividend was distributed, the components of the stockholders' equity section were: Common Stock Additional Paid-in Capital Retained Earnings [A] [B] [C]
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TRUE/FALSE. if a firm in a perfectly competitive industry introduces a lower-cost way of producing an existing product, the firm will be able to earn economic profits in the long run.
It is untrue to say that if a company in a highly competitive market introduces a less expensive method of manufacturing an already existing good, the company will eventually be able to turn a profit.
What is economic profit?Economic profit is the difference between revenue from sales of goods and services and costs incurred in their production, including opportunity costs (benefits a business forgoes by not selecting a different option) and explicit costs (expenses on lease payments, raw materials, inventory, and utilities).
Economic profit is essential since it allows for the evaluation of a company's financial performance and profitability. It demonstrates if a specific company can pay its bills and generate profits for stakeholders.
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the marginal private benefit is the:total extra benefit society gains from the consumption of an extra unit of a good.addition to the satisfaction a buyer receives from the total quantity of a product consumed.extra benefit that goes to bystanders for each additional unit of a good consumed by others.extra benefit enjoyed by the buyer of one extra unit of a good or service.
The marginal private benefit is the d) extra benefit enjoyed by the buyer of one extra unit of a good or service.
In the field of business, such a benefit that a particular buyer has just because he has purchased one extra unit of a specific product or service is referred to as marginal private benefit.
Marginal private benefit is a kind of luxury for buyers who have enough revenue to buy an extra unit for a particular good or service.
Through marginal private benefit, people who can afford to buy more are able to buy a specific luxury for themselves. On the other hand, the owner of the product or service is able to generate more revenue from them.
The question can be written correctly as:
The marginal private benefit is the:
a) total extra benefit society gains from the consumption of an extra unit of a good.
b) addition to the satisfaction a buyer receives from the total quantity of a product consumed.
c) extra benefit that goes to bystanders for each additional unit of a good consumed by others.
d) extra benefit enjoyed by the buyer of one extra unit of a good or service.
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The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statements by having.
The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statements by having needed to bring accounts up to date and match revenue and expense.
An adjusting entry is access made up to date and assigns the proper amount of revenue and expenses up to date each accounting duration. It updates formerly recorded journal entries so that the monetary statements at the quit of the 12 months are correct and
Adjusting entries are an essential up-to-date update of all account balances before financial statements can be prepared. these modifications aren't the end result of physical events or transactions however are rather up to date with the passage of time or small changes in account balances.
Adjusting entries are necessary because they make sure that your enterprise sports are correctly recorded and that you are not purchasing fees earlier than they show up. truly placed, that your financial statements offer correct information.
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On January 1, year 1, Jessica received 10,000 shares of restricted stock from her employer, Rocket Corporation. On that date, the stock price was $10 per share. On receiving the restricted stock, Jessica made an 83(b) election. Jessica's restricted shares will all vest at the end of year 4. After the shares vest, she intends to sell them immediately to fund an around-the-world cruise. Unfortunately, Jessica decided that she couldn't wait four years and she quit her job to start her cruise on January 1, year 3. (Leave no answer blank. Enter zero if applicable.)
a. What are Jessica's taxes due in year 1 assuming her marginal tax rate is 35 percent and her long-term capital gains rate is 15 percent?
b. What are Jessica’s taxes due in year 3 assuming her marginal tax rate is 35 percent and her long-term capital gains rate is 15 percent?
Jessica have held restricted shares means that she couldn't transfer these before the maturity if she does so, will not get any capital gain.
Calculation:
No. of share = 10,000
Face value = $10
Total value = $1,00,000
a) Tax rate = 35%
Jessica's tax due after one year = $1,00,000*35% = $35,000
Since, there is market price is given, the amount of capital gain = 10,000*10*15/100 = $15,000
b) Since there was no change in no. of shares and face value, the tax will remain same
Jessica's tax due after 3 years = $35,000*3 = $105,000
There is no capital gain because she does not hold the shares till maturity
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that enables for the equitable distribution of any stated residual earnings in the form of dividend. A stock with no dividend payments does not distribute its income to its shareholders. Rather, they looked forward to further stock price appreciation when business profits rise.
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Which of the following is a macroeconomics question? 43)A) What determines the minimum wage?B) What factors determine the price of Oreo cookies?C) What determines the production of video game consoles?D) What determines the salaries of college professors?
A macroeconomics question relates to the state of the economy as a whole, including employment, price level, currency exchange, money supply, exports, and imports, among other factors.
D) What determines the salaries of college professors?
The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and changes in economic output. Only sound monetary and fiscal policies can lead to social equity, poverty reduction, and sustainable growth.
Macroeconomics is the area of economics that studies how an entire economy functions, including the markets, firms, customers, and governments. Macroeconomics looks at trends that affect the entire economy, including changes in unemployment, price levels, economic growth, and national income.
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in the late 1960s and 1970s, corporate strategies turned away from fordism and toward the flexible accumulation model. identify which of the following strategies are used in the flexible accumulation model and which are used in the fordism model.
Strategies of Flexible Accumulation - offshoring, outsourcing and Strategies of Fordism- a residing salary as a way to inspire people to be dependable to their employer, social compact among exertions and corporations.
The required details for Accumulation in given paragraph
In popular, accumulation is to gather or growth the quantity of something. In finance, accumulation can refer extra narrowly to will increase within side the role size of an asset this is constructed up over a couple of transactions. Accumulation also can consult with the general addition of positions to a portfolio. In technical analysis, accumulation factors to a popular growth in shopping for interest in an asset. In this case, the asset is stated to be "below accumulation" or "being accumulated." Deferred annuities have an accumulation segment within side the first years of the contract.
During this segment, savers are contributing funds. The accumulation segment is then accompanied with the aid of using the distribution segment. During this segment, retirees start having access to and the usage of their funds.
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TRUE/FALSE in general, an individual firm in a perfectly competitive market faces a perfectly elastic demand curve.
It is true that an individual firm faces perfectly elastic demand curve under the perfect competition market.
A hypothetical marketplace is referred to as perfect competition. Perfect competition provides an excellent model for illustrating how demand and supply affect pricing and behavior in a market system, despite perfect competition seldom occurring in actual markets.
There are numerous buyers and sellers in a market with perfect competition, and prices always represent demand and supply. Companies can make as much money as is necessary to stay in operation. Other businesses could enter the marketplace and reduce revenues in order to make massive profits. In a perfect competition demand is perfectly elastic due to presence of too much competition.
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a company that manufactures alcoholic beverages bought and then sold two smaller companies that produce film, television, and music. what is this process called?
A company that manufactures alcoholic beverages bought and then sold two smaller companies that produce film, television, and music. this process called the Conglomerate Seagrams.
What is the Conglomerate Seagrams?
The Seagram Company Ltd. previously had its headquarters in Montreal, Quebec, and was a global company of Canada.
It was formerly the biggest owner of alcoholic beverage brands in the world, with headquarters in Waterloo, Ontario, and was originally a Canadian whisky distiller.
Whose family is Seagram's owner?
The Bronfman family, descended from tobacco farmer Yechiel (Ekiel) Bronfman and his wife Mindel, who immigrated from Russia,
has owned and controlled enormous financial empires fueled by the success of the family's liquor business.
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according to the theory of liquidity preference, group of answer choices if the interest rate is below the equilibrium level, then the quantity of money people want to hold is less than the quantity of money the fed has created. all of the above are correct. the demand for money is represented by a downward-sloping line on a supply-and-demand graph. if the interest rate is above the equilibrium level, then the quantity of money people want to hold is greater than the quantity of money the fed has created.
The demand for money is represented by a downward-sloping line on a supply-and-demand graph.
Liquidity preference theory is a version that indicates that an investor ought to call for a better interest rate or top class on securities with lengthy-time period maturities that bring greater threat due to the fact, all other elements being identical, buyers opt for cash or different notably liquid holdings.
In step with the liquidity choice idea, interest is decided by way of the call for and deliver of cash. It is determined at a factor where the supply of cash is same to demand cash.
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a company has 30 days in payables, 15 days in inventory, and 20 days sales outstanding. how many days are in the company's cash conversion period? a. 45 b. 65 c. 25 d. 5
When a company has 30 days in payables, 15 days in inventory, and 20 days sales outstanding it has 45 days in cash conversion period.
How does inventory work?Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. Example: If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be recognized as inventory.
What are some essentials of inventory?The basic definition of inventory is the resources or "stuff" that your business has. These are in two varieties: tangible (i.e., goods and materials) and immaterial (e.g., software). Typically, when we refer to inventory, we simply mean all the items that the business has kept on hand for sale.
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philanthropy, having a good family life, or professing religious faith are generally good indicators of ethical conduct in daily business dealings.
This claim is untrue. Philanthropy is described as "generosity in all its manifestations" and frequently refers to the act of giving "time, talent, and fortune" in order to improve the lives of others.
What does it mean to be a philanthropy?The term "philanthropy" was first used by the Greek playwright Aeschylus in the fifth century BCE. It stood for "love of mankind." Today, philanthropy refers to charity in all its manifestations and is sometimes characterized as providing "time, talent, and fortune" in order to improve the lives of others.
Giving food to someone experiencing a famine is an example of charity. The food provides temporary relief, but eventually the person will experience hunger once more. It is philanthropy to teach someone how to grow their own food because it solves the social issue that is the root of their hunger.
What characteristics define a philanthropist?Even while the term "philanthropist" is sometimes associated with a wealthy person who makes substantial financial contributions to nonprofit organizations, anyone can qualify, regardless of wealth. Any individual who contributes time, money, or resources to a philanthropic cause is considered a philanthropist.
Is charity just practiced by the wealthy?Genuine altruism comes in many forms: There is financial giving, which depends on both smaller gifts and those large checks that make headlines (more on that later). There are many people who offer physical areas and tangible possessions in the name of charity, thus donated resources aren't just restricted to cash.
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As the economy weakens, one would expect investment in ____________ funds to increase and investment in _____________ funds to decrease, all else held constant.
money market mutual; equity
It would be predicted that if the economy deteriorates, investments in money market mutual funds would rise while those in equities funds would fall.
What are the money and Equity market ?People frequently invest in money market mutual funds because they are still seen as safe investments compared to equities funds whenever the economy is poor.
Loans in money market mutual funds typically have a very short maturity, like 90 days.
The proper terminology are therefore money market mutual and equity.
Unlike capital markets, which are used for long-term securities, money markets are used for short-term lending or borrowing; typically, the assets are held for one year or less. They affect the capital either directly or indirectly. The equity market and the debt market are examples of capital markets.
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Flightline, the 4-year-old colt, was the talk of breeders’ cup weekend. How much is the horse, undefeated in six career starts, projected to fetch in his breeding career?.
The Breeders' Cup weekend was all about the four-year-old stallion. The horse won the Breeders' Cup Classic by 814 lengths after going undefeated in six career starts.
Flightline was valued at his $184 million after the owner sold his 2.5% stake in the horse for his $4.6 million.
What is horse racing?Horse racing, the sport of fast racehorses, primarily thoroughbreds straddled by riders or standardbreds with drivers towing carriages.
These two types of races of his are known as flat races and harness races respectively.Quarter in his Horse Racing article describes racing on the same level as non-Thoroughbred horses.
Horse racing is one of the oldest sports he has, and its basic concepts have changed little over the centuries. From his simple two-horse speed and endurance contest to a spectacle involving massive runners, sophisticated electronic monitoring equipment, and billions of dollars, the basic characteristics have always been the same. stay.The first horse to finish wins.
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gustav mahler brought which organization to new heights of excellence, by supervising every aspect of its performances?
Gustav Mahler raised the caliber of the Vienna Opera to new heights by overseeing every aspect of its performances.
With his 10 symphonies and several songs with orchestra, Jewish Austrian composer and conductor Gustav Mahler brought together a variety of Romantic strands.
Mahler, a well-known symphonic composer, started working at the Vienna Court Opera (the Hofoper) in May 1897 as a staff conductor and director-designate while waiting for his appointment as director to be confirmed. He assumed the position after being confirmed in October 1897 and held it until his resignation in November 1907.
Mahler elevated the Vienna Opera to new levels of brilliance by overseeing every aspect of its performances.
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What are 2 ways investors can make money?.
Either by paying out income or by increasing in value to other investors, an investment can generate income. Income is received in the form of interest payments for bonds or dividends for stocks, depending on the asset.
What is meant by investment?The act of investing entails using money now in the hopes that it will appreciate over time. In order to make an investment, one must put capital to use, such as time, money, effort, etc., with the expectation that the investment will eventually yield a larger return than what was first invested. An asset that is bought as an investment is one that is done so with the hope of making money, making a profit, or seeing a price increase. A return is what you get in exchange for your investment. The correlation between risk and return is direct, i.e., the riskier the investment, the greater the potential reward. An asset or object that is accumulated with the intention of bringing in money or recognition is referred to as an investment.To learn more about investment, refer to:
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BlueBerry Inc., a candy manufacturing company in New York City, sells its products to customers through distributors and retailers. Which of the following comprehensive CRM packages will best assist the company in enhancing its collaboration with distributors and retailers?
The candy-making business BlueBerry Inc. is located in New York City. Through distributors and merchants, the business offers its goods to clients.
Which of the following statements best sums up operational CRM?A program for handling customer interactions that automates key corporate operations like marketing, sales, and customer care.
Supply chain execution systems control the movement of goods via warehouses and distribution hubs to guarantee the most effective delivery of goods to the intended locations.
Systems for supply chain planning give the business the ability to model its current supply chain, estimate product demand, and create the best sourcing and production strategies.
A company can connect consumer relationships and dialogues from social networking sites to CRM processes using social CRM systems, as opposed to keeping them in distinct "silos." The technologies aid businesses in speedier idea identification, increased team output, and more thorough client encounters.
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are the exact words of an expert or of an interesting or notable person and are used to add spice and wit as well as authority to speeches.
Quotations are employed to add wit and authority to talks. They are the precise words of an authority figure, an intriguing or remarkable person, or both.
How do you define authority?the ability or right to direct, evaluate, or forbid another person's behavior. a position that demands such a right or authority. (often plural) an individual or group of persons with this status, such as an administration, police force, etc.
Which of the following three authorities exist?Power is the capacity to impose one's will despite opposition from others. Traditional, reasoned, and charismatic are the three categories of legitimate authority, according to Max Weber. Our right to life, liberty, & property can be safeguarded by the government.
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which of the following means to procure inputs involves a formal relationship between the buyer and seller? multiple choice question. vertical integration a contract spot exchange
A formal connection between the buyer and seller is involved when using a contract to purchase inputs.
A good working connection might result in lower procurement costs since the supplier may favor your company once the relationship has been established and provide incentives to keep you as a client.
Transactional, functional, affiliative, and strategic connections are the four different kinds that buyers and sellers can have with one another. The four fundamental sales techniques employed by salespeople are script-based selling, needs-satisfaction selling, consultative selling, and selling to strategic partners.
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To overcome reception and availability problems, mobile telecom services firms have begun _____ that provide a "five bar" coverage in a roughly 5,000-square-foot footprint.
To overcome reception and availability problems, mobile telecom services firms have begun offering femtocells that provide a "five bar" coverage in a roughly 5,000-square-foot footprint.
A femtocell is a small, low-power cellular base station that is typically designed for use in a home or small business. Small cell is a more general term used in the industry, with femtocell as a subset.
Femtocells, also known as 'home base stations,' are cellular network access points that use residential DSL, optical fibers, or cable broadband connections to connect standard mobile devices to a mobile operator's network.
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What are the 3 stages of a bill?.
If the bill is passed, it must go through First Reading, Committee, Second Reading, and Third Reading.
What is a bill?A bill is a written statement that states how much money you owe for goods or services. They couldn't pay their bills.The most important function of the United States House of Representatives is to pass legislation. In the United States, all laws start as bills. A bill must be approved by the US House of Representatives, the US Senate, and the President before it can become law. Let us trace the passage of a bill into law.The final bill is sent to the President after the conference report is approved by both the House and the Senate. If the President should sign the bill, it becomes law. If the President does not act for ten days while Congress is in session, the bill will become law.To learn more about bill refer to :
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Costs that can be easily traced to individual products include____. sales commissionshipping costs warranty repair costs
warranty repair costs, shipping costs, sales commission are costs that can be easily traced to individual products
Cost accounting is a method of accounting that includes both fixed and variable costs in the measurement of all production-related expenses. Cost accounting is used to help management make decisions that will maximize operations based on effective cost management.
The goal of cost accounting is to evaluate a company's various costs and how they affect operations, expenses, productivity, and profitability. Management can enhance how it conducts business and thereby increase the firm's value by individually evaluating each company's cost structure.
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TRUE/FALSE. top-down change is typically more gradual or evolutionary than bottom-up change.
False: Top-down change is typically more evolutionary or gradual than bottom-up change.
What is top-down change?Compared to bottom-up change, top-down change is often more slow or evolutionary.
The idea that evolutionary change or divergence builds steadily and slowly, in small degrees, as one species succeeds the previous one in the battle for existence was put forth by Charles Darwin in his 1859 theory of evolution by natural selection.
Evolutionary change happens over time and in small, incremental steps. To protect the survival of the organization, slow, gradual transformation is frequently implemented. It is incremental in the sense that it takes place gradually.
Recently, the idea that the bulk of evolutionary change is concentrated inside speciation events has challenged the conventional belief that most evolutionary change is gradual and cumulative within lineages (phyletic gradualism) (rectangular evolution).
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When the price of broccoli increase relative to cauliflower, people who buy fresh vegetables respond by buying more cauliflower and fewer broccoli. As a result, the CPI has a
commodity substitution bias.
As per the given situation, the CPI has a commodity substitution bias.
CPI
In economics, CPI refers the prices paid by consumers for a fixed market basket of consumer goods and services.
Given,
When the price of broccoli increase relative to cauliflower, people who buy fresh vegetables respond by buying more cauliflower and fewer broccoli.
Here we need to find the CPI value.
While we looking into the given situation, we have identified that the price of the broccoli increase relative to cauliflower, this will happen when people who buy fresh vegetables respond by buying more cauliflower and fewer broccoli.
Here the situation tell us that more cauliflower and fewer broccoli are sold, so this states the biased state.
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