If she can afford it, she should buy an expensive house to ensure its endurance, to get the size and design she likes, and to improve its worth over time. To save interest, she should pay it off faster.
CARLIN, who has been living in a two-bedroom rental with her husband and three children, is looking to upgrade to a larger property with more room. After five years of saving, she has $20,000 ready for a down payment.
The average price of a home in her tiny town is between $75,000 and $95,000. She applies for a mortgage and is approved for a 30-year fixed-rate loan with an interest rate of 3.89%. She must have a payment that is less than $400 each month.
In civil law jurisdictions, a mortgage loan, sometimes known as a hypothec loan, is a loan used by buyers of real estate to raise cash to buy the property or by property owners to borrow finances for any purpose while establishing a lien on the property. Mortgage origination "secures" the borrower's property.
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If a company competes on price alone in a competitive bidding scenario, then what type of problems can this create? It can cause a company to lose discipline and include too much of the marketing mix.
It can create a price is a sustainable competitive advantage, but the competitors will have difficulty copying price.
It can create a low price, jeopardizing a company’s ability to deliver its services or products without cutting into its profits
It can make a business forget its focus and overuse the marketing mix. Price can be made into a permanent competitive advantage, but rivals will find it challenging to match it.
More than any other component of the marketing mix, price is the easiest for rivals to mimic. A strong rival may temporarily decrease prices and force others out of the market if it observes weaker competitors competing only on price. Low prices can put a company's ability to profitably provide lasting value in jeopardy.
We determined the steps that businesses take to decide what to buy. Two of these phases, proposal solicitation and supplier selection, are particularly significant when it comes to pricing consideration.
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what are some possible benefits of studying global business? a. if you are transferred to another state by your company, you will be better prepared. b. you will be able to negotiate more effectively with suppliers. c. if you go to work for a multinational firm, you will be better prepared for expatriate assignments abroad. d. you will be able to communicate in multiple languages.
The potential advantages of learning international business You will be more prepared for expatriate postings abroad if you choose to work for a multinational corporation.
What advantages of learning international business might there be?Be familiar with macroeconomics.
Learn to respect various cultural traditions.
navigate the opportunities and difficulties presented by international politics in the business world.
Discover from the Success and Failure of Others.
Make Successful Business Plans.
Why is international business so important?It all boils down to statistics when it comes to the main advantage of growing your business activities abroad. Operating in additional nations increases the number of clients a company can reach, which increases revenue and profits. More sales can lower costs if you sell products.
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the following questions relate to kyle company, which manufactures products ka, kb, and kc from a joint process. joint product costs were $189,000. additional information follows. if processed further product units produced sales value at split-off sales values additional costs ka 84,000 $ 240,000 $ 330,000 $ 54,000 kb 60,000 210,000 270,000 42,000 kc 24,000 150,000 240,000 30,000 after the publication of recent scientific test results, the government has banned the sale of product kc. if kc is produced, it must be disposed of in an approved way that costs $171,000 for every 24,000 units produced. required: a. assuming that kyle company continues to use the physical quantities method of allocation, what joint costs will be allocated to ka and to kb, respectively? b. which, if either, product would you recommend kyle company sell at split-off?
Assuming that Kyle company continues to use the physical quantities method of allocation, the joint costs that would be allocated to KA and KB will be 210,000 and 150,000 respectively.
Give a brief account on Product costs.Product costs are the costs incurred during a product's manufacture. These prices cover all costs associated with production, including labour, materials, and factory overhead. The labour expenses incurred in rendering a service to a customer are included in the cost of the product. Costs for service products should take into account all compensation, payroll taxes, and employee benefits. Product cost is reflected in the financial statements as it includes the production overhead mandated by GAAP and IFRS. When making quick judgements on production and selling prices, managers may alter product costs to eliminate the overhead component. The effect a product will have on a bottleneck activity is something that managers might wish to focus on. It indicates that they are mostly concerned with the price of the product's raw ingredients and how long it spends at the bottleneck.
To solve the question :
Total units produced of Product KA and Product KB :
= 84000 + 60000 = 144000.
Joint product cost :
= 189000 + 171000 (Disposal cost of banned product KC) = $ 360000.
Product Joint costs
KA 210000. (360000 × 84000 / 144000)
KB 150000. (360000 × 60000 / 144000)
b) I would not recommend any product to Kyle Company sell at split-off.
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Referring to the table in problem 5, suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Now assume t a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Now draw a production possibilities rune t reflects technological improvement in the production of both goods.
The production of cars and forklifts has advanced technologically, which suggests that we can make more cars and forklifts with the available resources.
If the technology for only forklifts improves in case 1, the PPF will rotate away from the X axis and the slope, or marginal rate of transformation, will change.
In case 2, as automotive technology advances, the PPF will rotate away from the Y axis and its slope, or marginal rate of transformation, will alter.
In Case 3, Both the PPFs will shift outward in the right direction as technology advances, but the PPF's marginal transformation rate will remain constant.
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which of the following would be the best sentence to include in an e-mail message going to someone from another culture? a. are you available for a videoconference on 3/5? b. please get back to me asap to set up our meeting. c. we look forward to meeting with you next month. d. this agreement between our two companies should be a slam dunk.
We look forward to meeting with you next month would be the best sentence to include in an e-mail message going to someone from another culture.
A broad definition of culture includes knowledge, beliefs, the arts, laws, conventions, capacities, and habits of the people who belong to these groups in addition to the social behaviour, structures, and norms that characterise human societies. A particular place or location is frequently where culture started or is credited. Humans learn about culture through enculturation and socialisation, as seen by the variety of cultures found in different civilizations. A cultural norm codifies acceptable behaviour in society; it acts as a model for expected social behaviour in a group by providing guidelines for behaviour, attire, language, and mood in a scenario. Cultural repositioning, often known as cultural transformation, is the rebuilding of a society's cultural notion.
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In constructing a profile for your customer, you wish to assemble information on both financial and nonfinancial investment considerations that affect your customer. Which of the following qualify as financial investment considerations?
I. Your customer's tolerance of various forms of risk.
II. Your customer's dependents and their ages.
III. Your customer's liquid net worth.
IV. Your customer's monthly credit card payments.
The correct answer is C and D. The qualify as financial investment considerations are Your customer's dependents and their ages and Your customer's liquid net worth.
Economic funding is an economic product like a cryptocurrency or a stock this is bought with the intention of creating wealth. each investment has unique risks, blessings, and drawbacks in order to decide how and while investors purchase or promote them.
Investment is the willpower of cash to purchase an asset to reap an increase in price over a period of time. funding calls for a sacrifice of some gift asset, which includes time, cash, or attempt. In finance, the cause of making an investment is to generate a return from the invested asset.
There are numerous types of investments to select from. possibly the most common are stocks, bonds, real estate, and ETFs/mutual funds. other types of investments to don't forget are real property, CDs, annuities, cryptocurrencies, commodities, collectibles, and valuable metals.
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you purchase a two-acre lot at $90,000 per acre. if you subdivide the lot into four lots and sell each of those lots for $40,000, what will your percentage of profit or loss be?
Take the selling price and subtract the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment.
what will your percentage of profit or loss be?
You can easily determine a company's profit margin by subtracting the cost of goods sold (COGS) from its total revenue and dividing that figure by the total revenue. Multiply that figure by 100 to get a percentageTo find the net gain or loss, subtract the purchase price from the current price and divide the difference by the purchase prices of the asset. For example, if you buy a stock today for $50, and tomorrow the stock is worth $52, your percentage gain is 4% ([$52 - $50] / $50).Profit = Selling Price - Cost Price. Similarly, in the case of loss, the cost price is more than the planned selling price. Profit % = Profit/Cost Price × 100. Loss % = Loss/Cost Price × 100.To learn more about profit refers to;
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"Why would you want to take an Advanced Placement course?" Brooklyn's cousin asks her. "They're way harder, so your grade point average will
probably go down." Which of these is the BEST answer for Brooklyn to give?
A. It's worth it because I can start earning college credit while I'm still in high school.
B. People say AP courses are harder, but they're at the same level as other high school classes.
OC. Taking tests makes me nervous, and AP courses don't require students to take tests.
OD. If I pass enough AP courses, I won't need to go to a college or university.
The best solution given by Brooklyn was It's worth it because I can start earning college credit while I'm still in high school. Thus, option A is correct.
What is an Advance placement course?The College Board developed the Advanced Placement program, which is offered in the US, Canada, the UAE, and less frequently in other nations. Students in high school have access to AP's undergraduate university-level programs and exams.
The purpose of Advance placement Exams is to evaluate your level of mastery of the knowledge and skills covered in a particular AP course. They are standardized tests.
The Brooklyn's recommended course of action as the individual can start receiving college credit while he still in high school, so it's worthwhile. Therefore, choice A is correct.
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research a company that has posted its mission and vision statement online. include the following in your initial post: identify the company and share its mission and vision statement. review what the company is actually doing including innovations, initiatives, product development, marketing, and so on. how sincerely and effectively do you feel the mission and vision statements reflect the company's actions? provide an example. explain if the company's mission and vision statement have helped or hindered its overall success.
The following should be included in your first post: Share the name of the business together with its purpose and vision statements. Review the company's current actions, including
Hindustan Unilever Limited is the business name. Statement of the vision
How can I start business with?
You decide which filing methods and services to use.
You select the filing method and add-on services that best suit your requirements, such as a registered agent, an employer identification number (EIN), worry-free compliance, or quicker filing times.
Your formation papers are submitted to the state by us.
Depending on the services and time period you choose at the time of checkout, our staff gathers and submits all the required papers to the state to formally incorporate your firm.
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Which two things do crm methods accomplish?
about customer segments that
crm is a set of methods that seeks both to understand customers and to
companies should consider catering to.
Decisions are made using the CRM, which aims to comprehend customers and understand the market categories that businesses target.
What is a CRM tool?With CRM software, you can manage marketing campaigns, track service issues, identify sales opportunities, and store customer and prospect contact information all in one convenient location. You can also make data about each customer interaction accessible to anyone at your company who might need it.
The main element of CRM is which of the following?Lead management, account management, opportunity management, forecasting, pipeline analysis, contact management, activity management, email management, and reporting are a few of the key components of the same.
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suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. if the average total cost at this output is $16.55, then its total profit is a. $1,188. b. $1,092.30. c. $95.70. d. $1.45.
The required total profit of the firm when it sells 6+6 units is (C) $95.70.
What is profit?In the field of economics, profit is defined as the difference between the income produced by an economic entity's outputs and the total of its input expenses.
Total income less total expenses, which includes both direct and indirect expenses, is what it amounts to.t
It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts.
Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs.
When examining a corporation, an economist takes into account all costs, both apparent and implicit.
So, the total profit will be:
18 - 16.55 = 1.45
1.45 * 66 = 95.70
Therefore, the required total profit of the firm when it sells 6+6 units is (C) $95.70.
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A local gymnastics studio offers dance, tumbling, trampolines, and competitive cheer training for kids of all ages. To recruit students for these lessons, the studio also hosts birthday parties, afterschool care, and swim lessons. These offerings interact to
A local gymnastics studio offers dance, tumbling, trampolines, and competitive cheer training for kids of all ages. To recruit students for these lessons, the studio also hosts birthday parties, afterschool care, and swim lessons. These offerings interact to diversity the corporate high level energy .
What is local gymnastics studio ?
Children of all ages can receive competitive cheerleading training at a nearby gymnastics facility, which also provides dancing, tumbling, and trampolines.
The studio also holds birthday celebrations, after-school programs, and swim lessons to draw new students for these classes.
the game. Three categories—artistic, rhythmic, and trampoline—are used to categorize Olympic gymnastics.
What serves as gymnastics' primary objective?
The sport of gymnastics is well known for enhancing general physical performance in all other sports as well as improving fitness, strength, balance, and body control (Harrell, 2003).
Both are pricey, but dancing will set you back a bit more due to the cost of costumes, classes, and travel to competitions. It is important to balance your money and schedule appropriately because gymnastics has expenditures as well.
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nongovernmental organizations (ngos) are increasingly important stakeholders to firms as influencers, on such aspects as human rights, the natural environment, and in the emerging world. which is a not a factor to consider when working with ngos
Answer:
Explanation:
A firm has a cost of equity of 13%, a cost of preferred of 11%, an after-tax cost of debt of 5.2% and a tax rate of 35%. Given this, which one of the following will increase the firm's weighted average cost of capital? a. Redeeming shares of common share ob. Increasing the firm's tax rate Oc. Increasing the firm's beta The cost of capital for a project should: a. be adjusted based on the risk of the project. O b.be adjusted based on the size of the project. O c.meet or exceed the internal rate of return of the project. O d. never exceed the cost of capital for the overall firm.
Option A will increase the firm's weighted average cost of capital. Redeeming shares of common stock will decrease the number of shares outstanding and thus, increase the cost of equity.
The cost of capital for a project should be adjusted based on the risk of the project. The cost of capital is the minimum required rate of return that a company must earn in order to make a project worthwhile. Projects that are more risky will require a higher cost of capital. A firm's cost of capital is based on the cost of its debt and equity, which can be affected by various factors such as the company's credit rating, beta, and tax rate. It's important for firms to determine the appropriate cost of capital for each project, so that they can make informed investment decisions and ensure that they are earning a sufficient return on their investments.
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complete computer services reports total assets of $1,000, total liabilities of $200, and total equity of $800. what is complete computer services debt ratio?
Therefore, the debt ratio is 20%
Explanation:
Total Assets = $1,000
Total Liability = $200,
The debt- ratio can be written as
=Total Liabilities/Total Assets
=$200/$1000
∵Therefore, the debt ratio is 20%
The debt ratio, which is calculated by dividing a company's total liabilities by its total assets, represents the proportion of debts to assets held by the company.
The debt ratio measures a company's financial leverage, or how much of its assets are financed by debt. A company has more debt than assets and may be at a higher risk of default if the ratio is higher than 1.
For instance, businesses that require a lot of capital, like those in the energy industry, typically incur more debt than businesses in the IT industry.
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37. Choose the option to correctly complete the sentence. Based on the influence chart below, in order to compute gross margin, it is sufficient to know the values of:
When an analyst selects a sample that is not a reliable representation of the entire population of data, they commit a statistical error known as a sampling error.
A truly random sample in statistics entails choosing participants from a population with an equivalent probability; in other words, selecting impartial participants. If this isn't done correctly, there will be a bias in the sampling, which will systematically raise the sample error. For instance, estimating the average height of everyone on Earth from a sample from only one country may be significantly over- or underestimated. In reality, it may be difficult to choose an impartial sample because several factors (such as country, age, gender, and so on) may significantly sway the estimator. When selecting the sample, it is crucial to make sure that none of these factors are taken into account.
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Which one of these situations are more likely to happen in a GOOD economy?
Carlos was able to complete a design sessions and interview at businesses before settling on the one he liked the most. Alex earned her tech school diploma and started a new work that pays big wage.
What is the straightforward meaning of economy?Whether an entity is a country or a small town, an economy includes every one of the activities connected to the manufacture, consuming, and trade of products and services in that entity.
What three sorts of economics are there?The three main types of economies are free economy, authoritarian, and mixed economies. The line chart analyzes and contrasts market and command economies; mixed economies blend the two. The state's national government regulates all economic decisions at the federal level.
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The Complete Question :
Which one of these situations are more likely to happen in a GOOD economy?
(A) Carlos was able to finish a design bootcamp and interview at many companies until he finds the job he likes best.
(B) Alex just graduated from technical school and took a new job that pays her a high salary.
arabela, a hispanic female in the accounting department of a large retail chain, believes she has been the victim of race and sex discrimination. what is a reason she would not be able to turn to the office of federal contract compliance programs (ofccp) for assistance with this problem?
The fundamental reason is that federal anti-discrimination laws would not apply to a retail chain.
Why are anti-discrimination laws necessary?Discrimination legislation exists to ensure that everyone has an equal opportunity to participate in public life, regardless of irrelevant personal qualities. Discrimination legislation governs public life rather than private life.
Employment discrimination robs the economy of creativity and dynamism by harming the employees who face it. Following the enactment of the Civil Rights Act of 1964, federal anti-discrimination initiatives were critical in building a more fair, egalitarian, and dynamic job market.
Anti-discrimination rights aren't very successful at combating deeper prejudices and disadvantages; in fact, they can sometimes exacerbate these issues. Today's laws are frequently regrettably unsuccessful for victims of discrimination and painfully obtrusive for companies.
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a recent physical inventory at a department store reports a merchandise value of $976,454. the merchandise book value was $1,150,450. the merchandise sales were $2,950,675. what is the shrinkage as a percentage of sales?
Shrinkage as a proportion of sales is 5.9%. When agents are being paid but aren't accessible to handle interactions, this is referred to as shrinkage in workforce management terms.
How does shrinkage function?The accounting term "shrinking" is used to describe a scenario in which a store has less inventory than is shown in its recorded book inventory. Shrinkage can be brought on by a number of things, including employee theft, shoplifting, administrative errors, vendor fraud, product damage, and others.
What is the main cause of shrinkage?Four things mostly contribute to shrinkage: shoplifting, employee theft, administrative errors, and fraud. Understanding how shrinkage in retail outlets happens is the first step in reducing and eliminating it.
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each stockholder in a corporation has a separate capital account in the stockholders' equity section of the balance sheet. group of answer choices true false
The given statement is false because each stockholder in a corporation does not have a distinct capital account in the equity section of the balance sheet of stockholders.
A capital account is described as a general ledger account that is used to record contributed capital and retained earnings of the owners - the cumulative amount of an enterprise's earnings since it was established, minus (-) the cumulative dividends paid to the shareholders. In the balance sheet, capital account is reported in the bottom section, showing the net worth of the business at a given point in time. There are no different capital accounts in the the equity section of balance sheet for different stakeholders.
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what function is part of the marketing process? multiple choice determining an appropriate brand name for a new product designing the most efficient method of production for a new product contacting suppliers after a purchase to ensure producer satisfaction developing an understanding of company finances available for new products
The seven functions of marketing process are advertising, sales, product/service management, marketing information management, pricing, financing, and distribution.
The marketing process consists of four elements: Strategic marketing analysis, marketing mix planning, marketing execution, and marketing management. The purpose of marketing in a profit-oriented organization is to make a profit and satisfy a need. Therefore, companies must first define which needs and whose needs can be satisfied. For example, the passenger transport market is made up of people who place varying values on cost, speed, safety, status, and design of cars.
No vehicle can meet all these requirements in an excellent way. A compromise is needed. In addition, some people choose to use something other than a motor vehicle as their means of personal transportation, such as B. motorcycles, bicycles, buses, or other forms of public transportation. With variables like these, auto companies must identify different customer preference groups or segments and determine which groups can be targeted and profitable.
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a manager leaves an organization to follow a transferred spouse. which recruiting practice would be readily accessible to current employees and help the employer pinpoint and identify qualified internal candidates for the open job?
Current employees would easily have access to (B) job posting recruiting practices, which would aid the company in locating and identifying qualified internal candidates for the open position.
What is a Job posting?Job posts also referred to as job advertising, are the main way that businesses find new employees to fill open positions.
Historically, newspaper classifieds were commonplace for employment advertisements.
Nowadays, job advertisements are frequently posted online.
A job description is, technically speaking, an internal document that human resources departments, hiring managers, and employees use to describe a role.
Technically defined, a job posting or job ad is an external document utilized by hiring teams during the recruitment process.
Internal and external posts are the two primary categories of job advertisements.
Therefore, current employees would easily have access to (B) job posting recruiting practices, which would aid the company in locating and identifying qualified internal candidates for the open position.
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Correct question:
A manager leaves an organization to follow a transferred spouse. Which recruiting practice would be readily accessible to current employees and help the employer pinpoint and identify qualified internal candidates for the open job?
a. Job bidding
b. Job posting
c.Temporary agencies
d. Interns
explain the difference between a premium and a deductible.
Premiums are recurring payments that maintain your health insurance plan in effect. Usually, higher premiums correspond to lower deductibles.
Your deductible is the amount you must pay out-of-pocket before your health plan begins to provide benefits.
Your deductible's size is directly correlated to the cost of your premium. It may be tempting to select the insurance plan with the lowest premium when looking around.
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robert manages a website that sells sporting goods. he wants his products to be featured in various online sporting publications while potential customers are researching and comparing different football brands online. which option will help robert influence customer consideration?
In-Market audiences will help Robert influence customer consideration, if He wants his products to be featured in various online sporting publications while potential customers are researching and comparing different football brands online.
What is a market, exactly?In order to expedite the exchange or transaction of products and services, buyers and sellers can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer. Financial markets, auction markets, and criminal markets are other examples.
What are some instances of markets?A market is any location where producers, retailers, or distributors sell and customers buy. Examples include stores, main thoroughfares, or websites. The word could also apply to the entire group of people that purchase an item or service.
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Which of the blocks in the nominal interest rate stack accounts for the fact that I (your professor) might be charged a lower rate than you for the same loan?
The block in the nominal interest rate stack that accounts for the fact that your professor might be charged a lower rate than you for the same loan is credit risk.
Credit risk measures the lender's assessment of the borrower's ability to repay the loan. If your professor has a better credit rating than you, then he may be able to get a lower interest rate.
Lenders also consider other factors when determining the interest rate, such as the amount of the loan, the length of the repayment period, and the type of collateral used for the loan. All of these factors may influence the interest rate your professor receives, allowing him to get a lower rate than you.
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g which of the following statements is true? (x represents purchase of exports, m represents purchase of imports) group of answer choices x > m: balance of trade surplus, gdp goes up, ceteris paribus. x > m: balance of trade deficit, gdp goes down, ceteris paribus.
When a country's exports exceed its imports, it has a positive trade balance, which is shown by a trade deficit.
What is GDP?The GDP measures the value of the completed products and services produced in the US without double counting the intermediate goods and services used up to produce them. Changes in GDP are the most commonly used indicator of a nation's overall economic health.
What happens as the GDP increases?A steadily rising GDP is preferred by most scientists, governments, and businesses since it often signals more consumption, job growth, tax income, and salary increases for workers. A shrinking economic, which is disappointing news for both firms and employees, is shown by declining GDP.
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g in angola, most economic activity is derived from oil. the drilling activities are performed by foreign companies who then repatriate their profits. how do angola's gdp and gnp compare?
The most apparent response is oil. One of the largest oil exporters and producers in both Africa and around the world is Angola.
What does the term "profit" signify in accounting?Accounting profit, also known as financial profit or accounting profit, is the difference between total revenue and explicit costs for a business. Accounting profit is a tool used to evaluate a performance of the company and examine how it stacks up against rivals' financial positions.
Its name, profit and loss, explains why.Your overall income and expenses are shown in profit and loss statements, which also indicate whether your company has made more money than it has paid in operating expenses. If so, then your company has generated a profit. Overall success of a business is shown by the account of profit and loss.
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The anticipated value of the outcomes associated with performance is known as Group of answer choices self-efficacy equity valence expectancy
The anticipated value of the outcomes associated with performance is known as valence.
What is Valence?
Valence is the potential value or reward associated with an outcome. It is the anticipated value of the outcome that drives motivation and behavior. Valence is the emotional charge attached to an outcome, and is often used to describe how much a person desires a particular outcome. For example, a person may view a raise as having high valence, as it is associated with rewards such as increased income, improved job security, and recognition from the employer.
Valence refers to the anticipated value of outcomes associated with performance, and this can be used to determine the level of motivation an individual experiences when engaging in a certain activity. This concept is important in understanding how people decide which tasks to prioritize and how to allocate their resources. By understanding valence, we can better understand how to motivate people to undertake certain tasks and how to ensure that they are rewarded for achieving desired outcomes.
Therefore, valence is the correct answer.
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one of the necessary conditions for a contestable market is that new firms entering the market have a cost advantage over the existing firms. group of answer choices false true
One of the necessary conditions for a contestable market is that new firms entering the market have a cost advantage over the existing firms is true.
What is contestable market?Unlike perfect competition, a contestable market may have any number of firms (even just one or a few), and these firms are not all required to be price-takers. When scale economies prevent many rivals from entering a market, the analysis of contestable marketplaces is intended. When there are obstacles, the market is said to be less competitive, and when obstacles are insurmountable, the market is said to be non-competitive (or uncontestable). A market is also rendered non-contestable by the impossibility to exit it—possibly due to a contractual duty to supply. The threat of new entrants into the market, brought on by the lack of entry and exit barriers, determines whether a market is contestable.To learn more about contestable market refer to:
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you are the project manager of the xyz project. you want to find the planned expenses for next month. which document do you need to refer to?
the document do you need to refer is Cost Management Plan, Cost Baseline Cost Control Plan ,Cost Variance Report etc.
The implementation of a cost management plan facilitates budget mapping and control. It enables project managers to plan their spending, allocate resources wisely, and keep track of overall spending. Plans for cost management keep all project costs, direct and indirect, in one place.
Cost Variance Report: Cost variance analysis is a method used in accounting to look into inconsistencies in budgeting. It entails calculating the discrepancy between budgeted amounts and actual spending, then investigating and documenting the reason for the discrepancy.
In project management, a baseline refers to the project plan's precisely stated initial state. It serves as a constant benchmark against which to gauge and assess the advancement of your project. This enables you to evaluate the success of your project.
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