Due to the seasonality of resorts, one of the many challenges faced by managers is: attracting, training and retaining competent staff.
The primary challenges of change managers in the hotel sector is franchising. Because it enables managers to grow enterprises more quickly using other people's money rather than our own funds, it has a significant influence on us today. challenges bring in Talent for Manufacturing. Candidates who are capable of training the necessary responsibilities should be encouraged to apply, as this will increase employee challenges and retention. Create a training pipeline. Get ready for a changing labor market. management contracts and franchising in company challenges.
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firms usually hire parent country nationals (pcns) abroad to maintain local control over foreign operations. true false
The following statement, "Firms usually hire parent country nationals (pcns) abroad to maintain local control over foreign operations." is false.
Foreign operations refer to the activities of a company that are based outside of their home country. These activities can include things like setting up a new branch or factory in another country, or investing in a foreign company.
However, operating in a foreign country can also present some challenges. For example, a company may need to deal with different laws and regulations, and may also face language barriers. Additionally, there may be cultural differences that need to be taken into account.
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two business partners own life insurance on each other. if one partner dies, which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests?
The surviving partner may use the death benefit to buy the deceased's business interests under a buy-and-sell agreement.
What do you mean by sell agreement?A buy-sell agreement, commonly referred to as a buyout agreement, is a contract that co-owners of a firm must abide by in the event that one of them passes away, is otherwise compelled to leave the company, or decides to do so.
What occurs if the person who has a life insurance policy on someone else passes away?If the policy owner passes away, the life insurance company will pay the death benefit to the chosen beneficiary. The death benefit will be provided to the deceased person's estate if no beneficiary has been designated. Usually, 30 days after receiving the death certificate, the death benefit is paid out.
The third party protected by the insurance coverage is the beneficiary. That is the person who is eligible to receive the policy's death benefits following the insured's dying, or sporadically a legal entity such a business, partnership, or trust.
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g the two basic types of government regulation are part 2 a. regulation of natural monopolies and regulation of cartels. b. social regulation and labor law. c. social regulation and economic regulation. d. economic regulation and industry regulation.
The social regulation and economic regulation can be regarded as the two basic types of government regulation. Therefore, the option C holds true.
Government regulations can be referred to or considered as the regulations, which are directly in relation to the laws and rules mentioned by the government authorities, and which are to be strictly followed by the individuals within the jurisdiction of the government's scope. Social regulations are in relation to the society at large, whereas, the economic regulations are in relation to the economy as a whole.
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in the bussinsess world what is the legsl term that descries a situation where a business wants to keep the knowledge of its production methods from being know by competing firms
In the business world, a trade secret is recognized as a legally acceptable way for any business to keep knowledge of its particular methods of production from being known by competing firms.
Business is a way of making a living or making money by making or buying and selling products (such as goods and services). It is also “any activity or business undertaken for profit.”A trading company does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for the debts incurred by the business. If the business incurs debts, creditors can go after the owner's personal assets. The business structure does not allow for corporate tax rates. The owner is personally taxed on all business income.
The term is also often used colloquially (but not by lawyers or public officials) to refer to a company such as a corporation or cooperative. Corporations, unlike individuals and partnerships, are separate legal entities and provide limited liability for their owners/members, and are also subject to corporate tax rates. Forming a corporation is more complicated and expensive but offers greater protection and benefits for owners/members.
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which of the following would not improve the performance of a breakdown program? multiple choice more trained personnel reducing inventories of spare parts standby equipment cross-training repair personnel short lead times for replacement parts
repair personnel short lead times for replacement parts would not improve the performance of a breakdown program
The pleasant way to minimize breakdown maintenance is to use a CMMS. A CMMS permits you to music the upkeep history for each of your assets.
By gathering information on protection operations, you can then predict an asset's life cycle to a excessive degree of accuracy and thereby keep away from letting belongings run to failure.
Which type of protection is required to keep away from breakdown?Condition-based Maintenance: This method focuses on solely a part of the machinery showing signs and symptoms of failure. The concept is to keep away from a breakdown and undertake corrective preservation before the practical breakdown.
There are three main kinds of preventive maintenance: Time, usage, and condition-based triggers. A variant of these kinds of preventive protection have to ideally be scheduled and performed on all gear objects to forestall unplanned failure.
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Diminishing Marginal Returns principle of economics can best help us understand why very few dams have been built in the united states in recent years
What is the law of diminishing marginal returns?The law of diminishing marginal returns is an economic theory that predicts that adding more factors of production after capacity has reached an optimum level will actually result in a smaller increase in output. Diminishing returns is the decrease in the marginal return of a production process as the quantity of a single factor of production gradually increases while all other factors of production remain the same.
Why does margin reduction occur?Ultimately, as more variable input units are used in combination with fixed input inputs, the rate of increase in total output slows down. Managers cannot add variable inputs to fixed inputs during the production period without ultimately reducing production.
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Which of the following defines GDP Mcq? a)All final goods are produced in a country in a year b)All final and intermediate goods produced in a country in a year c)Money value of all final goods and services produced in a domestic territory in a year. d)All services produced in a country in a year
Money value of all final goods and services produced in a domestic territory in a year defines GDP.
GDP definitionThe most popular way to gauge an economy's size is by looking at its gross domestic product (GDP). A country's GDP can be calculated, as can the GDP of a region (such as Tuscany in Italy or Burgundy in France) or a group of countries (such as the European Union) (EU).
Why is the GDP growing?In general, the expansion of the labor force and the productivity (output per hour worked) of that workforce are the two fundamental drivers of economic growth. Either one can grow the economy overall, but only substantial productivity growth can raise per capita GDP and income.
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If a company has a limited amount of land and capital, and it hires more than the ideal number of employees, what is likely to happen? (select the best answer. ).
If a company has a limited amount of land and capital, and it hires more than the ideal number of employees, Average productivity per worker will decrease.
What is Average Production Rate?
Across all occupations, the average worker is less than 60% productive every day. However, for office workers, this percentage drops significantly. A study conducted by Vouchercloud found that the average office worker is only productive at 2 hours and 23 minutes a day.
What is the employee productivity ratio?The labor productivity ratio is a ratio that expresses the number of labor units produced per working hour. Productivity metrics basically quantify outputs/inputs. Input is labor hours, output is labor units
How is employee performance measured?Employee productivity tracking tools allow organizations to record the completion of assigned tasks, monitor productivity levels, and understand what percentage of tasks are completed. Letting data decide is the fairest, most unbiased way to analyze performance
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n 2024, holyoak incorporated offers a coupon for $20 off qualifying purchases of its new line of products. holyoak sold 10,000 of these products during the year. by year-end of 2024, 7,100 coupons had been redeemed and the $20 reduction of purchase price provided to customers. holyoak's historical experience with such coupons indicates that 85% of customers use the coupon. holyoak recognizes coupon expense in the period coupons are issued. what is the coupon promotion liability that holyoak should report in its december 31, 2024, balance sheet?
The coupon promotion liability that holyoak should report in its December 31, 2024 balance sheet would be the total value of the coupons issued, which is $140,000 ($20 x 10,000).
This amount should be reported as a liability on the balance sheet, as this represents the future obligation of holyoak to compensate customers who have used their coupons.
The actual amount of expense that holyoak should recognize in the period the coupons were issued is the expected redemption amount, which is $8,850 ($20 x 7,100 x 85%).
This amount should be reported as an expense on the income statement, as this represents the amount of the coupon promotion that holyoak expects to pay out in the period the coupons were issued.
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controls may vary in size and complexity in relation to the organization employing them. group of answer choices false true
The following statement, "Controls may vary in size and complexity in relation to the organization employing them." is true.
There are two main factors that contribute to the size and complexity of a software system: the number of features included, and the number of devices supported.
More features generally means more code, and more devices generally means more code to support different platforms and configurations. A complex system may have many modules that interact in subtle ways, which can make debugging and testing difficult.
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A simple example of transaction exposure Suppose that Falcon Co., a U.S.-based MNC that sells bird food, seeks to evaluate its transaction exposure over the next quarter. There is only one transaction denominated in foreign currency over the next quarter, which is an order from the U.K. that will result in Falcon Co. receiving 40,000 pounds in exchange for bird food. The current dollar exchange rate of the pound is $1.50, but the MNC wants to analyze the sensitivity of this receivable for different exchange rates. In the following table, enter the dollar value of the pounds received by Falcon Co. under the 3 possible values for the exchange rate. Possible Exchange Rate in One Quarter Pounds Received in One Quarter Dollar Value of Pounds Received $1.40 40,000 pounds $ $1.50 40,000 pounds $ $1.60 40,000 pounds If Falcon Co. believes the pound will appreciate over the next quarter to $1.60, the firm likely hedge this transaction exposure.
Transaction exposure i.e. modifications in alternate prices between the time that duty is incurred and the time that it's far settled. This influences actual cash flows economic publicity reflects the exchange inside the gift cost of the firm's future cash flows due to a sudden exchange in trade charges.
alternate rate kilos received dollar value
1.4 40000 56000*
1.5 40000 60000**
1.6 40000 64000***
*40000 x 1.4 = 56000
**40000 x 1.5 = 60000
***40000 x 1.6 = 64000
If Falcon Co. believes that the pound will admire over the subsequent zone to $1.60, the firm is possible to hedge this transaction exposure.
Transaction exposure is due only to global transactions with the aid of firm financial publicity consisting of any shape by way of which the firm's coins drift may be affected.
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individuals can elect to deduct their state income taxes, their local income taxes, and their sales/use taxes paid as an itemized deduction.
If you elect to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables.
Who Pays Taxes?Taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by tax revenues.
How come it's called tax?It comes from the Latin word taxare, which means "to evaluate." The related word "task," which comes from Old French, was previously used in English. For a while, the words "task" and "tax," the first requiring labor and the second money, were both frequently used. The term "tax" later came to mean something difficult or tiresome.
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advantages of digital marketing rapid technological change has had an impact on consumer purchasing habits.
Worldwide reach Because of geographic limitations, traditional marketing is difficult, expensive, and labor-intensive to implement internationally.
What is the effect of digital technology on consumer behaviour?The expectations of the consumer are higher. As a result of technology's effect, consumer expectations are at an all-time high. Your clients compare their shopping experiences with yours to those of your competitors and those they have with services like Netflix and Amazon as they continuously raise the standard in the digital world.
What benefits do consumers get from online marketing?The internet allows users to instantly access information and make purchases. This is only one advantage that consumers have while using internet marketing. When they require it, your audience will be able to obtain prompt and convenient assistance.
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select all the price ceilings that would be binding.
A $6 price ceiling would be legally binding because it is a government-mandated maximum price that is lower than the equilibrium price.
Any Price ceiling that is below the market equilibrium is a binding Price ceiling. As prices want to go up the market price but due to this ceiling, can not go higher. So it is an effective price ceiling as it binds the market price for this good.
A binding price ceiling occurs when the government imposes a required price on a good or goods that is less than the equilibrium price. Because the government requires that prices do not rise above this level, that price effectively binds the market for that good.
Businesses will not produce enough of those goods to satisfy the market because the government artificially keeps the price low. As a result, there is an insufficient supply of those goods, resulting in a shortage of those goods.
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a monopolistic competitor wishing to maximize profit will select a quantity where marginal cost equals average cost. marginal revenue equals marginal cost. marginal cost equals demand. marginal revenue equals average cost. if a firm is producing a quantity where marginal revenue exceeds marginal costs, the firm should existing levels of production in order to . decrease ; increase total revenue decrease ; increase profitability expand ; increase profitability expand ; decrease total costs if a firm is producing a quantity where marginal cost exceeds marginal revenue, the firm should existing levels of production in order to . expand ; increase profitability decrease ; increase profitability expand ; decrease total costs decrease ; increase total revenue
To maximize profit, a monopolistic rival will choose a quantity where marginal cost equals average cost.
What are profit-maximizing condition?Profit maximizing occurs when the profit function's derivative with respect to an input is zero. This is referred to as a first-order condition. Profit maximization in economics happens when the difference between total revenue (TR) and total cost (TC) is as little as possible (TC). In other words, it occurs when the marginal revenue of production equals or exceeds the marginal cost. (MR = MC). A perfectly competitive firm's profit-maximizing option will occur at the level of output where marginal revenue equals marginal cost—that is, where MR = MC. A simple example is maximizing profit from creating numerous products while being constrained by material or resource constraints; the challenge demands us to decide the amount of each item produced.
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blaser corporation had $1,017,000 in invested assets, sales of $1,254,000, operating income amounting to $244,000 , and a desired minimum return on investment of 14%. the return on investment for blaser corporation is
Return on investment for Blaser Corporation is 24%
What exactly is return on investment? The ratio of net income (during a period of time) to investment is known as return on investment (ROI) or return on costs (ROC) (costs resulting from an investment of some resources at a point in time). If the ROI is large, the investment's benefits outweigh its costs.It is a method of connecting earnings to capital invested in terms of economics.How do you calculate the return on investment?The given data is,
Operating income = $244,000
Invested assets = $1,017,000
Minimum return on investment = 14%
Return on investment = Net operating income/Invested assets*100 =244,000/1,017,000*100
= 24%
Return on investment for Blaser Corporation is 24%
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the supply of money is vertical because it is assumed that select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a the fed has the ultimate control of the money supply. b banks create money through the multiplier process. c bank behavior in creating money is pro-cyclical. d all of the above.
The supply of money is vertical because it is assumed that the fed has the ultimate control of the money supply. Therefore, option (b) is the correct answer.
The money supply curve depicts the relationship between the amount of money issued and the market interest rate, with all other supply drivers remaining constant. We assume that the money supply is independent of interest rates when we depict the money supply curve as a vertical line. A monetary policy example is changing the amount of reserves and, consequently, the money supply.
In the given question, the Fed's measure of the amount of money in the economy is called the money supply curve. The Fed's policy determines the money supply curve, which is vertical since it is independent of interest rates. Because the Fed determines the amount of money that is accessible without taking the value of money into account, the money supply curve is vertical.
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people who grew up in the western part of aquilonia have an accent distinct from people who grew up in the eastern part of the country. people from the west also receive lower wages than people from the east. from this information alone, which of the following is not a possible explanation for this wage differential? a. people from the west have lower levels of human capital. b. people from the east put forth less effort in their work. c. discrimination against people from the west exists. d. people from the east receive compensating differentials.
The people from the east put forth less effort in their work is not a possible explanation for this wage differential.
What is wage differential?It is the disparity in pay between equally skilled workers in different fields or regions. It also pertains to the salary disparity between different tiers of experienced professionals working in the same sector or region. Jobs that require a particular expertise are paid more or less than jobs in the same or a different industry that require a different skill.
The term "wage disparity" describes variations in pay rates brought on by the company's location, the number of hours worked, the nature of the workplace, the type of product manufactured, or other elements. A worker's regular hourly wage plus an additional percentage of that compensation is typically used to compute differential rates of pay.
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alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $ 17,300,000 net operating income $ 6,000,000 average operating assets $ 35,400,000 required: 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)
The Margin = 3.47% ; Turnover = $ 17,300,000 and Return on Investment = 1.69%
According to the information given :
Sales for the year = $ 17,300,000
Net Operating Income = $ 600,000
Average Operating Assets = $ 35,400,000
1. Therefore, Margin = ( Net operating Income/Total Sales ) x 100 = 3.47%
2. Turnover = Sales for the period = $ 17,300,000
3. Return on Investment = (Net Income/Average Operating assets) x 100
= ($ 600,000/$ 35,400,000) x 100 = 1.69%
Margin :
It is the money borrowed from a broker to purchase an investment. The difference between the total value of an investment and the loan amount.
Return on Investment (ROI) :
It is calculated by dividing the profit earned on an investment by the cost of that investment. For instance, an investment with a profit of $100 and a cost of $100 would have an ROI of 1, or 100% when expressed as a percentage.
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for the monopolistically competitive seafood market, the demand curve for any individual firm is , and there are producers of seafood. question 2 options: a) downward-sloping; a few b) downward-sloping; many c) vertical; a few d) upward-sloping; many
For the monopolistically competitive wild-caught seafood market, the demand curve for any individual firm is downward sloping, and there are many producers of seafood.
A demand curve is a graphical representation of how many units of a good or service consumers are willing and able to purchase at various prices. Having a demand curve is important for any kind of firm or business.
The demand curve is downward sloping, which means that as prices increase, the quantity of the good or service demanded by consumers decreases. The demand curve is a tool that is used by economists to understand and predict consumer behavior.
The question is incomplete, the complete question is:
For the monopolistically competitive wild-caught seafood market, the demand curve for any individual firm is ________, and there are ________ producers of seafood.
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abbott and costello labs donated drugs to epsilon hospital, a nonprofit entity, in january. if epsilon had purchased the drugs, it would have paid $600,000. during the year, epsilon used all the drugs in providing services to patients. how should epsilon report the donation in its financial statements for the year ended december 31? select one: a. report $600,000 as a reduction of operating expenses b. report $600,000 as other revenues (or gains) c. report the donation in a note to its financial statements d. report nothing
Epsilon report the donation in its financial statements Report $600,000 as other revenues (or gains).
In hospital accounting, what are restricted funds?
Money that a donor has designated can only be used for a certain purpose is contained in a restricted fund. If funds are temporarily limited, any surplus can become unrestricted after the goal has been achieved. If funds are permanently limited, they must be kept intact in the form of an endowment, which is typically preserved forever, and only the interest on the endowment's investments may be used to further the goal.
Any gifts given and designated by the giver for a particular use are considered restricted money. Donors are legally entitled to place restrictions on the donations they make to organizations (usually NGOs) and demand that their gifts only be utilized for a small number of very particular objectives.
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The difference between a gross material requirement plan (gross MRP) and a net material requirements plan (net MRP) is:
a) the gross MRP may not be computerized, but the net MRP must be computerized.
b) the gross MRP includes consideration of the inventory on hand, whereas the net MRP doesn’t include the inventory consideration.
c) the net MRP includes consideration of the inventory on hand, whereas the gross MRP doesn’t include the inventory consideration.
d) the gross MRP doesn’t take taxes into account, whereas the net MRP includes the tax considerations.
e) the net MRP is only an estimate, whereas the gross MRP is used for actual production scheduling.
The gross MRP takes into account the stock on hand, while the net MRP it doesn't. The gross Production planning may or may not computerized, however the net Supplier must be.
What exactly is a material requirements plan?
A gross manufacturing resources plan (GMRP) is a schedule which shows the total requirement for an item (before deducting on-hand stock and timetabled receipts) as well as (1) when it needs to be ordered from providers.
What exactly is a net manufacturing resources plan?
Net prerequisites It refers to the amount that requires actual supply chain after assigning the needed amount of object to stock and published orders, and it is obtained by calculating MRP's Calculating Net Prerequisites, which are then passed on to the lot prescribed particulars.
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assume a company enters into a futures contract to hedge its risk related to an account payable due in six months denominated in a non-u.s. currency. this is an example of what type of hedge? select one: a. fair-value b. foreign currency c. variable d. speculative e. cash flow
Assume a company enters into a futures contract to hedge its risk related to an account payable due in six months denominated in a non-U.S. currency. This is an example of cash flow hedge. So, option (e) is relevant.
Give a brief account on foreign exchange hedge.Companies utilize a strategy known as a foreign exchange hedge (also called FOREX hedge) to reduce or "hedge" the foreign exchange risk brought on by transactions in foreign currencies (see foreign exchange derivative). Either the cash flow hedge or the fair value technique are employed in this. The US Generally Accepted Accounting Principles (US GAAP), the International Financial Reporting Standards (IFRS), and other national accounting standards all cover the accounting requirements for this.
Through the use of a foreign exchange hedge, the foreign exchange risk is transferred from the trading or investment company to a company that assumes the risk, like a bank. The cost of establishing a hedge is borne by the enterprise. The corporation also forfeits any benefit if the shift in the currency rate would be advantageous to it by establishing a hedge.
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why would someone want to have renters insurance if their building owner has insurance?
The insurance a landlord carries sometimes simply protects the building. The cost of a loss of personal goods may fall on the tenant if they don't have renters insurance.
Give a brief account on renters' insurance.With the exception of minor adjustments that a tenant makes to the structure, renters' insurance, also known as tenants' insurance, is a type of insurance that offers some of the advantages of homeowners insurance without covering the residence or structure itself. It offers liability insurance, and the tenant's belongings are protected against certain risks like fire, theft, and vandalism. When the house is rendered unusable, it also covers expenses. Renters' insurance is substantially less expensive than a homeowners' policy because its primary purpose is to provide liability protection and defend against damages to the tenant's personal goods; it does not insure the actual house.
The building owner is in charge of insuring the actual residence but is not liable for the contents of the tenant.
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Which of the following is the best example of a well stated strategic objective?
a. Be among the top 5 companies in the industry with the highest market share
b.within 2 yeas achieve cost per unit sold that are 10% below the current industry average of $4.75 per unit
c.increase profits by more than the industry average
d.identify as many as 150 potential new foriegn suppliers within 12 months
e.Improve employee job satisfaction by 5% within 12 months
Option B is correct. The best example of a well stated strategic objective is to within 2 yeas achieve cost per unit sold that are 10% below the current industry average of $4.75 per unit
A company strategy represents managerial commitment to undertake one set of actions rather than another in an effort to compete successfully and achieve good performance outcomes. A winning strategy is one that assists the organization with accomplishing a supportable upper hand, brings about better organization execution, and fits what is happening.
A company's strategy evolves from one version to the next as managers leave out of date or ineffectual system components, settle upon a bunch of proactive technique components, and afterward as new conditions unfurl make versatile key changes, which lead to receptive procedure components.
A company that pursues and achieves strategic objectives is habitually better ready to work on its future monetary execution (in light of the more grounded market standing and more noteworthy cutthroat imperativeness that stream from the accomplishment of very much picked vital targets.
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let's say you have a 50% margin trading account, and you use all of your buying power to buy a stock. this stock's price falls by 50%. how much money did you lose? 25% 50% 75% 100%
let's say you have a 50% margin trading account, and you use all of your buying power to buy a stock. this stock's price falls by 50%. how much money you lose is 100%.
In finance, stock consists of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. A stock represents a share in the ownership of a company, including a claim on the company's earnings and assets. As such, stockholders are partial owners of the company.
Fractional shares of stock also represent ownership of a company but at a size smaller than a full share of common stock. As it turns out, investing isn't as hard — or complex — as it might seem. That's because there are plenty of tools available to help you. One of the best is stock mutual funds, which are an easy and low-cost way for beginners to invest in the stock market.
Dividend Aristocrats, which are companies that have increased dividends for at least 25 consecutive years, are considered safe stocks. Stocks provide stability. They've been the go-to investment to build wealth for individuals and organizations for most of the 20th century and into the 21st century. Cryptocurrency is a riskier investment. It offers the chance for big rewards but at higher risk.
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maggie had $24 to spend on seven pencils. after buying them, she had $10. how much did each pencil cost?
Each pencil cost $2.40, since Maggie had $24 to spend and she needed to buy 7 pencils.
What is spend?
Time and money are used when they are spent. You're likely to spend money at the mall if you devote a lot of time there. Spending time on a specific activity or staying put for a considerable amount of time are both appropriate uses of the verb: "He went on to spend decades in India." Spending money is a form of exchange, such as when you spend $5 on a water bottle at the airport or use your savings to take a trip all over the world. To weigh out money is the meaning of the Latin verb expendere.
$24 divided by 7 pencils is $3.43, but since she had $10 left after buying the pencils, that means each pencil cost $2.40 ($24 - $10 = $14, $14 divided by 7 pencils = $2.40).
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Which is the best measure of economic growth of a country Mcq? A. GNP
B. GDP
C. Net revenue
D. None of these
The best indicator of a country's economic growth is its (B) GDP.
What do we mean by GDP?GDP is the most accurate measure of a nation's economic expansion.
The phrase "gross domestic product" is used to estimate the market value of all final products and services produced and sold (not resold) by nations within a specific time period in dollars (GDP).
GDP, the most frequently mentioned measure of prosperity, is a useful indicator of a nation's economic performance.
It does have some serious flaws, though, namely the exclusion of non-market transactions.
The failure to acknowledge or convey the gravity of society's wealth inequality
Therefore, the best indicator of a country's economic growth is its (B) GDP.
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when a company expands by developing its own products rather than acquiring a competitor, the company is likely to be accused of reducing competition. true false
False, when a company expands by developing its own products rather than acquiring a competitor, is not an example of reducing competition.
Competition is a condition in a market when businesses or sellers compete with one another for customers' business in an effort to attain a certain business goal, such as earnings, sales, and/or market share. In this context, rivalry and competition are frequently used interchangeably.
Addressing the demands of your common target audience more effectively than your competitors can be one approach to outperform them. To learn precisely what your customers want when utilizing your goods or services, pose open-ended queries.
By ingeniously creating tales centered around your products, storytelling is a fantastic way to develop your niche. You can become a part of your prospect's lifestyle through the use of stories rather than just being a stand-alone product or service.
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the use of toll-free telephone numbers that customers can call to obtain information about products and make purchases is known as
The use of toll-free telephone numbers that customers can call to obtain information about products and make purchases is known as inbound telemarketing.
The first stage in an inbound telemarketing plan with a company is customer interaction. As contrast to outbound marketing, which involves salespeople going up to consumers and trying to clinch a transaction, inbound marketing allows customers to contact a company whenever it's most convenient for them. Profitability may eventually grow as a result of this.For instance, if you were interested in purchasing a phone service or magazine subscription after seeing an advertising for it on TV, all you would need to do is contact the inbound call center, where a telemarketer is ready to take your incoming call. Inbound telemarketing, in contrast to outbound telemarketing, may use more customer relationship management (CRM) technologies and techniques.Thus the answer is inbound telemarketing.
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