A company's fixed costs in 2021 were $500,000, but its variable costs came to $150,000. The business generated a $200,000 annual profit in 2020.
Briefing:-It has been estimated that the company's variable costs will probably reach $300,000 by 2023, despite sustained expansion. In 2021, the corporation spent $650,000 in total.
What are the components of variable costs?Any costs that fluctuate according to how much a business produces and sells are referred to as variable costs. Accordingly, variable costs grow when production is higher and decline when production is lower. Labor, utility prices, commissions, and raw materials are a few of the most typical categories of variable costs.
How can you determine a business' variable costs?Calculation of Variable Costs In order to determine variable costs, multiply the price of producing one unit of your product by the overall number of goods you have produced. The following is the formula: Cost per Unit x Total Units = Total Variable Costs.
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Consider a bond selling at par with modified duration of 10. 6 years and convexity of 210. A 2% decrease in yield would cause the price to increase by 21. 2%, according to the duration rule. What would be the percentage price change according to the duration-with-convexity rul
According to the computation shown below, the duration-with-convexity rule predicts a 25.4% percentage change in price.
Application of the Duration-With-Convexity Rule to the Calculation of Percentage Price Change
The following formula can be used to determine the percentage price change in accordance with the duration-with-convexity rule:
P/P is equal to (-D*y) + (1/2) * (Convexity * (y)**2) …………………. (1) (1)
P/P equals percentage of price change =?
D = 10.6 Modified duration
x = Yield change or reduction = -2%, or -0.02
Convergence = 210
When the values are substituted into equation (1), we get:
∆P/P = (-10.6*-0.02) + (1/2) * (210 * (0.02)^2)
∆P/P = 0.212 + 0.042
∆P/P = 0.254, or 25.4%
The duration-with-convexity rule determines that the percentage price change is 25.4%.
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if government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:
If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: regressive.
What is tax ?Taxes refer to a mandatory contributions collected by government agencies from businesses. Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare. Collecting taxes and fees is a fundamental way to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. . Derived from the Latin taxare, meaning "to assess". Prior to that, the related word "task" was used in English from Old French. For some time both "tasks" and "taxes" were in common use, the former requiring labor and the latter requiring money. "Control" then came to mean tiring or challenging.To learn more about tax from the given link :
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Select the term that best completes the sentence. Dysfunctional conflicts focus on and differences between the two parties Choose the best conflict de-escalation strategy for the situation. As you enter the "action over words" stage of a conflict with a coworker, you notice that your coworker is starting to talk to you less and is using more threatening body language. O Avoid communicating hostility verbally or through body language O Use delay tactics to buy time for the two of them to diffuse their emotions Be an empathetic listener
Overt replies are a part of active constructive behaviors. These consist of four skills: putting things into perspective, coming up with solutions, showing feelings, and reaching out.
What do you think a strategy is?The steps that will be done to accomplish the objectives (goals) are described in a plan (resources). A company's strategy may be set or it may naturally evolve as a result of competition or environmental changes. Planning and strategic thinking are among the duties involved.
Which five elements make a strategy?Arenas, Points of difference, Vehicles, Staging, & Economic Logic are the five components of strategy. Researchers in strategy, Donald Hennart and James Fredrickson, created this concept.
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marla is bored with her cell phone. she wants to purchase a new one that has cool ring tones and can take pictures and video. she's not going to conduct a big search for a new phone as she's just going to consider a few others. which type of decision making is this?
The type of decision making is this Limited decision making.
A limited decision making is a type of decision making that is used when purchasing products that require appropriate or just enough amount of time and effort to compare models of a particular product before making a final choice. A phone in this case is an example of product that requires just enough time to compare different phone products before choosing one.
What is Limited decision making?
Limited decision-making is a little more involved than nominal decision-making, but it's still not a process that requires in-depth research. Limited decisions are made about mid-cost products, semi-frequent purchases, or purchases from a somewhat familiar brand.
Limited Problem Solving - This kind of purchase decision takes a bit more reflection or thought. Extensive Problem Solving is when we are making a buying decision and we are truly going to think about it.
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promontory corporation has historically used the lifo method of accounting for inventory. in 20y1, promontory decides to switch to the average cost method of accounting for inventory. how should promontory account for this change in accounting principle in 20y1?
For this change in accounting principle in 20y1 promontory account should change Retrospectively.
Retrospective: What is it?Retrospectives are sessions when project teams focused on how they interact together and fix issues that aren't working, to take a term from Agile. The goal is to establish a continuous process of improvement, concentrating on the steps and results that the staff can do to engage in various ways or enhance work flow.
What serves as a retrospective's primary objective?Bringing in stakeholder on a project, process, or engagement is the goal of a retrospective, which aims to examine what happened, why something happened, what should've occurred, and what can occur in the future.
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which of the following events would increase producer surplus? a. sellers' costs increase and the price of the good stays the same. b. sellers' costs stay the same and the price of the good decreases. c. sellers' costs stay the same and the price of the good increases. d. sellers' costs increase and the price of the good decreases.
sellers' costs stay the same and the price of the good increases. The following events would increase producer surplus.
What are the events?Occurrence, event, incident, episode, and scenario all refer to an occurrence or occurrence. A happening that occurs without intention, choice, or plan is referred to as an occurrence. a fortuitous meeting that happened to occur. the event often denotes a significant occurrence, often with a reason before it.
When a company gains from an increase in market demand, producer surplus is likely to rise. The figure illustrates how farmers could be able to raise their prices when consumer demand increases.
Therefore, Thus, option (C) is correct
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what two actions should a call center technician avoid when dealing with an angry customer? (choose two.)
Two actions should a call centre technician avoid when dealing with an angry customer are spending time explaining what caused the problem and putting the customer on hold or transferring the call.
What is the importance of call centre team organisation?
The call centre team structure clearly defines roles, enabling customer service agents to handle an issue promptly or escalate it as necessary. This may reduce the mean time to resolution, a crucial indicator of how well customers is being served.
What aspect of a call centre is most crucial?
Talents in communication (including active listening). In a call centre, excellent communication is crucial. The verbal capacity to clearly, simply, and efficiently convey complicated subjects is referred to as effective communication.
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what are the two fundamental reasons mentioned in the lecture that a company should/would be worried about ux?
the two fundamental reasons mentioned in the lecture that a company should/would be worried about ux are 1) Motivational values and view: 2) It also helps to reduce development-waste.
1)Motivational values and view:
Ux design preferably from the foundation of any product or service.
So your machine may be very right and your approach may be very right but what in case your Ux layout isn't right
So,it impact at the your marketplace fee and it also depends what number of humans like your device.
First impression is the remaining influence.
So make certain your UX design may be very appealing and beneficial.
2) It additionally helps to reduce development-waste.
The enterprise that use the UX reduce development cycles by means of 33 to 50%.
So the time needed for growing the device is very less.
so it saves the manufacturing time and money additionally.
so that you ought to think or involved about UX design for these motives.
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business incubators are usually government funded facilities intended to
Business incubators are usually government-funded facilities intended to offer startup firms low-cost office space that provides basic business services.
Define a business incubator.A business incubator is a program that connects startups with mentorship, funding, and other resources to help them get off the ground. An incubator is a company created to aid new businesses in growing and succeeding by offering workspace that is either free or inexpensive, mentorship, knowledge, access to investors, and, in some cases, working cash in the form of a loan.
Hence one can interact with entrepreneurs running businesses that frequently have a similar focus to your own. Entrepreneurs can protect their capital during the incubation process and receive outside assistance to hasten the growth of their companies.
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An employee in the 12% tax bracket
invests $2000.00 in a Traditional IRA.
When the employee retires, her salary is in
the 22% tax bracket. What tax will be
assessed on the initial investment when it
opens?
A. Not enough information to answer
B. $440.00
C. $240.00
D. Since the employee used a Traditional IRA, she will pay no taxes
on her investment when it opens.
The tax that will be assessed on the initial investment to the employee when it opens is B. $440.00
What tax is charged on a traditional IRA ?Traditional IRA deposits are taxed differently than Roth IRA deposits. You make a pretax contribution. Your taxable income for that year is decreased by the dollar amount of each deposit. The initial investment as well as any gains are taxed at your individual income tax rate in the year you remove the money.
In other words, you will be required to pay taxes on the amount you withdraw at your existing tax rate. Your withdrawal will be taxed at 22%, for instance, if you fall inside the 22% tax level.
This means that the tax assessed would be:
= 22 % x 2, 000
= $ 440
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hat is a natural monopoly?a market in which there is only one firma monopoly that results from government issuing patentsa monopoly resulting from one firm's exclusive ownership of a natural resource required to produce a gooda monopoly that results when one firm is able to produce at a lower cost than multiple firms, giving large firms with higher levels of output an advantage over smaller competitorswhich firm is most likely to be a natural monopoly?
A monopoly is a marketplace shape that includes most effective one dealer however many buyers.
A monopoly will end result from the following:
Control of strategic uncooked materials.
Issuance of patent rights.
Existence of economies of scale.
When a organization is capable of produce items or offerings at a totally low fee as compared to different corporations withinside the industry, it could connect a low charge on its merchandise that different corporations can't compete with. Other corporations will likely go out the marketplace due to the fact in the event that they connect a comparable charge on their items and offerings they'll finally make a loss.
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who is john d. rockefeller? what was his company? what did he do to eliminate competition? how did he dominate and control the oil industry?
John D. Rockefeller was an American industrialist and philanthropist. He was the founder of the Standard Oil Company and is widely considered the wealthiest American of all time.
Rockefeller used a variety of tactics to eliminate competition, such as horizontal integration (buying out competitors), vertical integration (controlling production from the source to the market), price cutting, and the use of trusts.
He was able to dominate and control the oil industry by creating a monopoly over the production and sale of oil in the United States. He did this by leveraging his vast wealth and influence to purchase and control the majority of oil refineries in the country.
He also made agreements with railroads to ensure that his Standard Oil Company had exclusive access to transportation for its products. This allowed him to set prices and control the industry.
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Which of the following are most likely classified by economists as consumer durable goods? * (1 Point) food, clothing drugs, toys, magazines, books automobiles, furniture stocks, bond
Durable goods are generally defined as goods with an expected lifetime of more than three years. Automobiles and furniture are most likely to be classified by economists as consumer durable goods.
What are durable goods?A durable good, also known as consumer durable, is one that does not wear out quickly or, more specifically, one that yields utility over time rather than being consumed completely in one use. Highly durable goods, such as refrigerators or automobiles, are typically useful for several years after purchase, so durable goods are typically distinguished by long periods between successive purchases.
Consumer durables are products that last at least three years. Large and small appliances, furniture, automobiles, rubber tyres, lead-acid automotive batteries, boats, consumer electronics, luggage, sporting goods, household goods, are examples of these items
Therefore, among the options given automobiles and furniture are likely to classified as durable goods.
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in which scenario do the different court systems in the u.s. interact properly? when an employee in colorado sues her employer for sexual harassment, the state court judge applies federal law relating to workplace harassment because it extends protections to employees beyond those provided by state law. a federal judge refuses to hear a negligence case that includes a state-based claim in addition to a federal one. she cites the fact that federal courts can never have jurisdiction over cases that involve state laws. when an employee tries to file a discrimination complaint against her employer in maine after she loses in a vermont state court, the maine state court agrees to hear the case. an arizona resident drove through new mexico to visit his college roommate and is hit by a delivery truck. when the new mexico state court hears the case, the judge only takes arizona law into consideration, since that's where the plaintiff resides.
different court systems in the u.s. interact properly appropriate scenario will be:
An Arizona resident drove through new Mexico to visit his college roommate and is hit by a delivery truck. when the new Mexico state court hears the case, the judge only takes Arizona law into consideration, since that's where the plaintiff resides.
What is distinct court system in the US?State courts and federal courts are the two categories of courts in the United States. You might think of them as alternate paths that could occasionally—though infrequently—lead to the US Supreme Court. Trial courts, appellate courts, and the highest court for each track are the three primary levels within the two distinct tracks.
The federal judicial system:District courts, circuit courts, and the U.S. Supreme Court are the three primary tiers of the federal court system. Federal judges and Supreme Court justices are chosen by the president and approved by the U.S. Senate for a lifetime appointment.
The federal court system's structure is mainly mirrored by the state court system's, which typically consists of three levels: trial courts, state appellate courts, and a state Supreme Court. Rarely, a state Supreme Court ruling on a federal issue will be appealed to the U.S. Supreme Court.
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franklin, a successful manager at his firm’s cleveland headquarters, is offered a position managing the new division in asia. he plans to run that office exactly as he did back in ohio, assuming that policies that worked well for the company and its employees in the united states will work well everywhere. as a manager, franklin is demonstrating
As Franklin assumes that his policies that worked well for the company and its employees in the United states will work well everywhere, he is demonstrating a personal competency.
What does personal competency mean?A personal competency refers to set of skills possessed by an individual such as self-awareness, self-management, social awareness, relationship skills, responsible decision-making which helps to perform task effectively. A personal competency is also defined as accumulation of related capabilities that facilitate learning and other forms of goal attainment.
Generally, a personal competency includes skills or ability like teamwork, problem-solving, communication, result-orientation, decision-making, self-motivation, integrity etc.
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what should determine an actual profit? extraordinary events net income total operating results and consistent net income material losses verses revenue
Total operating results and consistent net income determines an actual income.
What is income?Income refers to the ability to consume and save earned by a business over a specified period of time and is generally expressed in money. Income is difficult to define conceptually and definitions vary by region. Income is money received by an individual or business in return for doing work, producing goods , services. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs. His three most important types of income are earned income, passive income, and portfolio income. Earned income consists of wages, salaries, tips and commissions. Passive or unearned income is derived from rental properties, royalties, and limited partnerships. Portfolio income includes interest, dividends and capital gains on investments.To learn more about income from the given link :
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which of the following was an exception to the most-favored-nation status under the gatt?
The exception under GATT was trade agreements promoting economic integration
The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement that aims to promote international trade by reducing or eliminating tariffs and other barriers to trade. The most-favored-nation (MFN) status is a principle of the GATT that requires signatory countries to apply the same tariff rates to all other signatory countries unless a specific exception applies.
Trade agreements promoting economic integration, such as the European Economic Community (EEC) or the North American Free Trade Agreement (NAFTA), are examples of exceptions to the MFN principle under the GATT. These agreements allow signatory countries to apply different tariff rates to each other, as long as the rates are the same for all members of the agreement. This allows countries to form closer economic ties and promotes trade between them.
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on january 22, jefferson county rocks inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on february 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12. question content area a. journalize the entries for january 22 and february 27. if an amount box does not require an entry, leave it blank. jan. 22 - select - - select - - select - - select - - select - - select - feb. 27 - select - - select - - select - - select - - select - - select - question content area b. what is the total amount invested (total paid-in capital) by all stockholders as of february 27?
The total amount invested is 7,320,000.
(a) The journal entries is shown below :
According to the information given :
On Jan. 22, Cash = 7,140,000
To Common Stock = 6,300,000 [210,000 × 30]
To Paid in capital in excess of par = 840,000
(Being the issuance of the common stock is recorded)
On Feb. 27, Cash = 180,000
To Preferred Stock = 135,000
To Paid-In Capital in Excess of Par-Preferred = 45,000
(b) The total amount invested be shown below:
Total amount invested = Common stock + Total paid in capital
= (6,300,000+840,000+135,000+45,000) = 7,320,000
What Is Common Stock?
A security that represents ownership in a corporation is called Common Stock. Common stock - also called capital shares, common shares, or capital stock - represents units of ownership in a corporation. Holders of common stock vote on corporate policies and elect the board of directors. This form of equity ownership typically yields higher rates of return long term.
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a policy is issued to a 32 year old that has a face amount of 100,000 when the insured reaches the age of 55 the policies built of hundred thousand of cash value of a selection
10000 has a face amount of 100,000 when the insured reaches the age of 55 the policies built of hundred thousand of cash value of a selection
What is term life insurance?Term life insurance, also known as pure life insurance, is a type of death benefit that pays the heirs of the policyholder throughout a specified period of time.Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to lapse.Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term.These policies have no value other than the guaranteed death benefit and feature no savings component as is found in a whole life insurance product.Term life premiums are based on a person’s age, health, and life expectancy.Depending on the insurance company, it may be possible to turn term life into whole life insurance.You can purchase term life policies that last 10, 15, or 20 years.To learn more about term life insurance refers to:
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If the policyholder lives and premium are paid until age 55, the monetary values of a complete life policy will equals the face amount.
What does the term "face amount" mean?The sum of money used to represent the amount of you coverage is known as that of the original amount of your life insurance. It might also be refereed to as the life insurance face value or the death benefit.
How is face amount determined?The summary of benefits contains face value. A permanent life insurance policy policy's cash value, which is the sum that would paid out if the policyholder chose to surrender it early but may be less than face value, is also possible.
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henry went shopping for a new pair of sneakers. the listed price of the pair of sneakers was $42, but the price with tax came to $46.20. find the percent sales tax.
The percent sales tax is 10%. To calculate the percent sales tax, we need to find the amount of tax itself. To do this, we subtract the original price (without tax) from the price with tax included. In this case, the amount of tax would be $46.20 - $42 = $4.20.
Now that we know the tax amount, we can calculate the percent sales tax. To do this, we divide the tax amount ($4.20) by the original price (without tax) ($42) and then multiply by 100. This gives us (4.20 / 42) x 100 = 10%.
Therefore, the percent sales tax is 10%.
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in making products and services available to consumers, channel members add value. key functions performed by the marketing channels include all of the following except __________.
A. promotion
B. matching
C. negotiation
D. distribution of information
E. pricing
In making products and services available to consumers, channel members add value. Key functions performed by the marketing channels include all of the following except Pricing.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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discuss how managers can use equity theory to help motivate workers. second, imagine that you are the ceo of online designs, an online marketing agency that specializes in web and social media marketing. your company has 10 employees. you, the ceo, earn $200,000 per year in salary, plus another $200,000 in bonuses. your account executive earns $150,000 per year and has a company car, along with other perks. the other eight staffers are junior-level programmers and sales reps, each earning $50,000 per year. how might the eight junior employees perceive the equity of the workplace, and what might they do to reduce their cognitive dissonance? how might you go about correcting the perceptions of inequity?
A crucial foundation for building a high performance team is provided by equity theory. This article explains everything you need to know in detail.
How can managers inspire staff members using the equity theory?Employees are more likely to remain motivated and be content in their jobs if they believe they are being paid fairly for their work. You can employ the equity idea, which is a theory, to keep your staff motivated.
How can managers promote justice throughout the organization using equity theory?For instance, a person can be willing to accept reduced compensation in exchange for flexible working hours. To ensure that all parties are satisfied, ensure that you have direct dialogues with your staff about their requirements and wants.
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ll incorporated's currently outstanding 10% coupon bonds have a yield to maturity of 7.8%. ll believes it could issue new bonds at par that would provide a similar yield to maturity. if its marginal tax rate is 25%, what is ll's after-tax cost of debt? round your answer to two decimal places.
First and foremost, we must remember that the cost of capital (debt or equity) must be an incremental cost.
To evaluate the cost of debt, use bond yield to maturity rather than other yields. Let's examine each response option in turn: is determined by the current yield to maturity of the company's outstanding bonds, which include both old and recently-issued bonds and are not subject to incremental cost. False. is equivalent to the coupon rate on the company's most recent bonds. The coupon rate is unimportant. False.is the same as the average current yield on all the outstanding bonds of a corporation. The current yield has no bearing. False. is based on the initial yield to maturity of the most recent bonds a firm has issued. True if all requirements are met.
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What business-environment factors needs to be
monitored and assessed in order to deal with
corporate tax rates?
A. )Political and Economic
B. )Political and Sociocultural
C. )Legal and Technology
D. )Political and Legal
Economic factor of business-environment needs to be monitored and assessed in order to deal with corporate tax rates.
What is business environment?
The phrase "business environment" refers to the totality of all people, groups, organisations that compete with one another, as well as the government, courts, media, investors, and other factors that fall outside the purview of business organisations but have an impact on how well businesses perform. Therefore, although they are beyond of the control of business organisations, changes in government economic policies, rapid technological advancements, shifts in consumer preferences and tastes, rising market competition, etc. have a significant impact on corporate success.
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the higher the reliability of a product the lower it costs to make. true or false?
A product's cost of production decreases with reliability. It's untrue.
Lower of cost or market is a cautious approach to inventory valuation and reporting. Ending inventory is frequently reported at cost. on occasion, the stock has depreciated since the original cost of the closing inventory was more than its net realizable worth. If the inventory's value has fallen below its historical cost, the carrying value is reduced and reflected on the balance sheet. The accepted method for reporting this is the current market value. The loss brought on by the decline in inventory value will be charged to "Cost of goods sold" if the loss is considerable or "Loss on the reduction of inventory to LCM" if it is not.
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Which of the following is not a current CRM trend?
A. Partner relationship management
B. Supplier relationship management
C. Employee relationship management
D. Distributor relationship management
C) Employee relationship management is not a current CRM trend.
CRM stands for Customer Relationship Management. It is a system used to manage customer interactions, track customer data, and automate customer service processes. It helps companies to better understand their customers, build relationships, and improve customer service.
Employee relationship management (ERM) is a type of Human Resources (HR) software that helps organizations manage their employee data and processes. ERM is not related to customer relationship management (CRM), which is a type of software used to manage customer data and interactions.
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if you experience microsleep
Difficulty concentrating, heavy eyelids, blank gazing, and yawning are all indications of microsleep. When individuals are not obtaining the recommended 7-9 hours of sleep each night, the majority of people suffer from microsleep.
What is microsleep?Generally, Drowsiness, problems concentrating, heavy eyelids, blank gazing, and yawning are all indicators that a person is experiencing microsleep. Microsleep is something that happens to the majority of individuals when they aren't obtaining the recommended 7-9 hours of sleep per night.
It should come as no surprise that microsleeps have the potential to be harmful or even lethal. One of the negative effects of microsleep is a decline in a person's driving abilities, whether they are behind the wheel of a vehicle, motorbike, train, or airline, and they may not even be aware that they are experiencing it.
If you are jolted awake by your body or find that your head is slipping forward, you may have experienced a brief period of microsleep. You discover that you are yawning or blinking more often than usual. You are unaware of anything that took place at the most recent moment.
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CQ is not complete
pete’s electronics is a small company that produces 8 gigabyte flash drives in a perfectly competitive market. the market price for 8 gigabyte flash drives is $15 each.
Angles on a straight line are the total of all the angles that can be arranged in a straight line. Straight line angles add up to 180 degrees.
Define market price.The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service.
Drawing a line of the Quantity 8GB flash drives:
(Total Revenue, Marginal Revenue, Average Revenue)
TR MR AR
(dollars)
$ $ $
10 150 15 15
20 300 15 15
30 450 15 15
40 600 15 15
50 750 15 15
60 900 15 15
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what criteria must be met before a whistleblower goes public? multiple choice the unreported act would do some amount of harm to others. the employee has not yet tried to resolve the issue internally. reporting the problem publicly may or may not resolve the issue. there is enough potential harm to justify the possible costs of disclosure.
Criteria must be met before a whistleblower goes public is option B. the employee has not yet tried to resolve the issue internally.
A whistleblower (additionally written as whistle-blower or whistle blower) is a person, regularly an worker, who exhibits records approximately activity inside a non-public or public company this is deemed illegal, immoral, illicit.
Although whistleblowers are not required to provide proof, they should be able to give an explanation for their challenge, why they're making the disclosure and any relevant historical past records that they have got.
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jan's company decides to locate its manufacturing to another country because that country's economic, political, and cultural conditions are conducive to the success of the company. jan's company is making its decision based on
Jan's company is making its decision based on Economic, political, and cultural analysis.
What is Economic ?
Economic freedom is the ability of individuals and businesses to act and make decisions in the marketplace without interference from government or other outside forces. It is a term that describes the level of economic autonomy a person or business has in making decisions about production, consumption, and investment. It includes the right to own property, have access to credit and financial services, engage in free trade, and operate businesses without excessive government regulation.
What is cultural analysis?
Cultural analysis is an approach to understanding the beliefs, values, behaviors, and social structures of a particular group or society. It examines the history and context of a culture in order to understand its development, and to identify and interpret patterns of social interaction and change. It is a tool for understanding how people interact with and shape their environment, and how the cultural environment shapes people's lives.
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