Step 1
You have been asked to help a business carry out a risk assessment. The owner isn’t too familiar with what he has to cover and which areas of the business should be considered. You need to create a simple plan for him to follow during the actual assessment. Your plan will cover the different aspects of risk assessment, such as business threats or financial risks and include examples of potential risks that may exist and affect the business in question. With your plan, the owner should be able to perform a thorough risk assessment later.

Step 2
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance. Be sure to mention important factors such as the influence of the business’s location, the number of employees, and the industry they are in.

The maximum outstanding balance allowed to a customer by a vendor is called a credit limit.

A credit limit is the maximum amount of credit a financial institution or vendor will extend to a customer for a line of credit, loan, or credit card. The credit limit is set based on the customer's credit history, income, and other factors that indicate the customer's ability to repay the debt.

Having a credit limit is important because it helps customers manage their debt and avoid overspending. Customers should regularly monitor their credit utilization, which is the ratio of their outstanding balance to their credit limit, to ensure they are staying within their credit limit.

It's also important for customers to pay attention to their credit limit because exceeding the limit can result in additional fees and negatively impact their credit score.

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Managing customer experience during peaks in demand:

Use of technology in customer relationship management:

Demonstrating a customer service mindset:

Reinforcing the company’s image through employee performance:

Remedying specific problems:

Customer relationship management is a method used by a company to keep and maintain harmonious interaction with its current clients and build a better impression toward its future customers.

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The main rea-sons that lenders charge inte-rest on loans is that interest prot-ects against fut-ure rises in inflation. Interest pro-vides the profit incentive to lend mo-ney (supply credit.) It inc-ludes compen-sation for inflation, de-fault risk and opportunity cost.

The interest rate is the amou-nt a lender charges a bor-rower and is a percent-age of the principal—the amount loane-d. The inte-rest rate on a loan is typi-cally noted on an annual basis kno-wn as the annual percent-age rate (APR). Lenders con-sider your credit score, pay-ment history and the current econ-omic conditions when deter-mining interest rates. Generally speak-ing, the high-er your credit score, the less you can ex-pect to pay in inter-est.

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Economies of scale are the concept that helps to make it economical to perform a particular activity in several locations at once.

Economies of scale refer to the cost advantages associated with performing a particular activity in multiple locations. This cost advantage is achieved by achieving greater efficiency in production and by spreading the fixed costs associated with the activity across multiple locations.

As production increases, the cost associated with each unit of production falls. This is because the fixed costs are spread across a larger number of units, leading to lower production costs.

In addition, by having multiple locations, companies can benefit from economies of scale by reducing their overhead costs, such as transportation and labor costs.

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Mark's account balance after 17 years would be $114,932.8

where,

A = Accrued amount

P = Principal amount

r = interest rate as a decimal

R = interest rate as a percent

r = R/100

t = time in years

For given question,

P = $47000, t = 17 years

R = 5.26%

Using the Continuous Compounding Formula,

Therefore, Mark's account balance after 17 years would be $114,932.8

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Ethnic are the moral principles of right and wrong that govern a person’s or group’s behavior. Business ethnic describe how a company positively interacts with customers and employees. A work ethnic is an individual’s set of values and beliefs that hard work builds personal character.

In business, Ethnicity generally can be defined as a considered to be shared characteristics such as  traditions, culture, language, and also religion, which contribute to a person or group's identity. Beside that, Work ethic in business generally can be defined as a belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities.

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Answer:

Ethics are the moral principles of right and wrong that govern a person’s or group’s behavior.

Business ethics describe how a company positively interacts with customers and employees.

A work ethic  is an individual’s set of values and beliefs that hard work builds personal character.

Explanation: I just did the assignment on edge 2023.

The Agricultural Adjustment Administration (AAA) was part of the New Deal that was enacted to help farmers during the Great Depression. The AAA sought to limit crop production in order to increase prices and raise income for farmers.

What do you know about Adjustment Administration (AAA) ?

Adjustment Administration (AAA) is a government program that provides relief to distressed communities by providing financial assistance for job creation and economic development. The program is funded through the U.S. Department of Commerce and is administered by the Economic Development Administration. The program provides targeted investments for communities suffering from economic distress to help them create jobs, attract businesses and investments, and expand economic opportunity. This was beneficial because it ensured that farmers were able to earn a living wage for their work, and prevented overproduction of crops that would have resulted in oversupply and low prices.

So, The AAA sought to limit crop production in order to increase prices and raise income for farmers.

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Answer:

In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.

The speed of the first train is 100.5 mph and the speed of the second train is 76.5 mph.

Let's call the speed of the first train x and the speed of the second train y.

We know from the problem that:

x - y = 24 (the difference in speed between the two trains)

We also know that the two trains will meet in 3 hours, so we can use the distance formula:

distance = rate x time

330 = (x + y) x 3 (since they are traveling towards each other, their combined speed is the sum of their individual speeds)

Now we can use the first equation to substitute for y:

330 = (x + (x - 24)) x 3

330 = 4x - 72

402 = 4x

x = 100.5 mph

Now that we have the speed of the first train, we can use the first equation to find the speed of the second train:

x - y = 24

100.5 - y = 24

y = 76.5 mph

So the speed of the first train is 100.5 mph and the speed of the second train is 76.5 mph.

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At a location 150 feet from the bridge's center, the cable's height from the road is 80 feet.

Because the wire crosses the road halfway between two towers

In this case, the origin is assumed to be the vertex at that midpoint.

the maximum height on either side is now specified as

Y = 80 feet

The tower's horizontal distance from the midpoint is reported as

X = 600/2 =300 feet

Now, using the parabola equation, we obtain

Y = k [tex]X^2[/tex]

substitute the value in above equation we get,

80 = k [tex](300)^2[/tex]

k = [tex]8.889\times10^{-4}[/tex]

now that we

Y =  [tex]8.889\times10^{-4}[/tex][tex]X^2[/tex]

We now need to get the height at 150 feet from the center.

Hence, we have

Y =  [tex]8.889\times10^{-4}[/tex][tex]300^2[/tex]

Y = 80 feet

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d. Income tax is a progressive tax, which is a type of tax where the tax rate increases as the number of income increases. The idea behind a progressive tax is that those who can afford to pay more should pay more. The income tax rate structure is typically tiered, with higher tax rates applying to higher levels of income.

This means that as a person's or a company's income increases, they will be required to pay a higher percentage of their income in taxes. The progressive income tax system is designed to ensure that those who can afford to pay more taxes do so, while still allowing low-income individuals to keep a larger proportion of their income.

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The scenario best exemplifies the idea that government intervention can boost overall welfare when markets fail to function effectively.

Option D is correct.

The government introduces a new market restriction that improves efficiency in the distribution of goods by prohibiting fishing along eel migration routes.

This is because unregulated areas have a higher number of eels than regulated areas do because the regulations reduce the total number of eels fished. Fishers are able to catch a greater quantity of eels than they did prior to the enactment of the laws, which results in increased efficiency in the allocation of goods as a result of the increase in the number of eels in unregulated areas.

Question incomplete:

Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario? -

A.  Markets allocate goods effectively. -

B. Markets usually lead to efficiency. -

C.  There is a tradeoff between equality and efficiency. -

D. When markets do not achieve efficiency, government intervention can improve overall welfare.

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The follow-ing is a qualitative tool of monetary policy -C. Credit rationing. The quali-tative tools of mone-tary policy are Ration-ing of credit, Consumer Credit Regu-lation, Guide-lines, Margin require-ments, Moral Suasion.

Credit rationing is the limit-ing by lenders of the supply of add-itional credit to bor-rowers who demand funds at a set quoted rate by the finan-cial institution. It is an exam-ple of market failure, as the price mechan-ism fails to bring about equilibrium in the mark-et.

Monetary policy is adopt-ed by the monetary author-ity of a country that con-trols either the interest rate pay-able on very short-term borrow-ing or the money supply.

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The difference in 20-year premiums for the two ages is $12,875.

Face value

Par value is the term used to describe the face value of a security offered by an issuer.

Consider the entire scenario of a 40-year-old man.

Annual premium per 1000 face value = $22.60

Annual premium for a $125,000 life insurance policy = 125,000/1000 * 22.60 = $2,825. Premium for 20 years = 2825 * 20 = $56500

Consider the entire scenario of a 45-year-old man.

Annual premium per 1000 face value = $27.75

Annual premium for a $125,000 life insurance policy = 125,000/1000 * 27.75 = $3,468.75

20 year premium = 3468.75 * 20 = $69375

20 Year Total Premium Difference = 69375-56500 20 Year Total Premium Difference = $12875

Therefore, the difference in his 20-year premiums at the two ages is $12,875.

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Andrew just purchased the last glob best action figures to complete his collection. Each action figure cost 16. 25 in all Andrew collections cost 227. 50. So,  Andrew has 14 action figures in his collection.

What do you mean by action figures?

Action figures are miniature plastic or vinyl figurines of characters from movies, comic books, video games, television shows, and other popular media. They are typically poseable and often include accessories such as weapons and clothing. Action figures are typically marketed towards children, though adult collectors are also common. Action figures are usually articulated, meaning that the limbs can be moved, allowing for a variety of poses. Some action figures are highly detailed and feature realistic facial expressions and hair. Action figures can be used as collectibles, toys, or decorations.

So, The required answer is 14.

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The customer owes $33.11 after the restaurant applies the discount.

To calculate the customer's final bill, we need to first determine the total dollar amount of the 14% discount. To do this, we can multiply the original bill of $38.50 by 14% (expressed as a decimal, 0.14)

Discount = $38.50 * 0.14 = $5.39

To find the final amount the customer will pay, we can then subtract the discount from the original bill:

Final Bill = $38.50 - $5.39 = $33.11

So the customer owes $33.23 after the restaurant applies the 14% discount.

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Macroeconomics is defined as the study of the aggregate economy studied as a whole.

The field of economics known as macroeconomics focuses on understanding how an economy functions as a whole and how it behaves. It focuses on the overall developments in the economy, including inflation, unemployment, growth rate, and gross domestic product.

The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production. Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth.

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A market economy promotes free competition among market participants. Notable benefits of a market economy are increased efficiency, production, and innovation.

A market economy is an economic system that determines decisions regarding investment, production, and distribution based on the relationship between demand and supply which determines the prices of goods and services. The main characteristic of a market economy is the making of investment decisions or the allocation of goods of producers through the capital market and finance.

In a market economy, economic problems are fully handled by the market. Market control is determined by the price set and the method chosen by producers and consumers in the process of production and consumption. Initially, the market economic system was implemented by most of the countries  with liberal views, especially the United States of America. At present, most countries in the world are starting to abandon market economics and choose other economic systems.

The market economic system has started to be used again since the 1990s. The reason is the process of globalization in Asia and Latin America which are developing countries. Markets in developing countries began to experience the unification of international markets and economies.

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Answer:

Life is life , I hope this explains why

Explanation:

Realistic is so important, while it is okay to want really bad you also have to pay close attention to what you need to do to achieve that.

Let's say for whatever reason you want to buy a boat.

First, you need to look at the boating laws and license requirements by state

Secondly, you need to uphold and meet the requirements

Thirdly, you must find a boat, that will suit you and actually work correctly

Fourthly, you must learn or already have knowledge of how to work/operate said boat

You need to learn or already have knowledge of how to swim, how to perform CPR in case of emergency

how to respond to emergency radio signals and or SOS/ morse code

If you do not want to or think you can do any things, then you do not need a boat, even if you really want

A point inside the production possibilities frontier is feasible, but not efficient.

Producing a good or service within the boundaries of the production possibilities frontier is possible, but not necessarily the most effective way to allocate resources.

That's because, while feasible, a point inside the frontier does not represent the most efficient use of resources.

To reach the most efficient outcome, the production possibilities frontier must be shifted outward, allowing for the production of more goods or services with the same amount of resources.

A point inside the production possibilities frontier is technically feasible - meaning it can be achieved - but it is not necessarily efficient. This means that the combination of goods or services being produced does not maximize the potential output of the resources available.

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The taxpayer (being individual/HUF) can claim deduction beneath area 80D in appreciate of clinical insurance plan premium paid through him in any mode other than cash. However, fee on account of preventive health check-up can be made in cash.

The deduction allowed under Section 80Dm is Rs 25,000 in a economic year. In the case of senior citizens, the deduction restriction allowed is Rs 50,000. Individual: An man or woman can declare a deduction of up to Rs 25,000 for the insurance plan of self, spouse, and based children.

Health insurance premiums are deductible on federal taxes, in some cases, as these monthly repayments are categorized as medical expenses. Generally, if you pay for scientific insurance on your own, you can deduct the quantity from your taxes.

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Global efforts to reduce tariff rates for manufactured goods have been an important part of the General Agreement on Tariffs and Trade (GATT).

Tariff rates for manufactured goods have been declining significantly since the establishment of GATT in 1947, and this trend has continued in recent years.

For example, the World Trade Organization has reported that the tariff rate for manufactured goods in the US has decreased from approximately 10% in the late 1940s to less than 1% in 2020. Similarly, tariff rates for manufactured goods in the EU have fallen from around 15% in the late 1940s to less than 4% in 2020.

These tariff reductions have helped to promote global economic growth and development, as they have reduced the cost of imported goods, making them more accessible to consumers.

In addition, these tariff reductions have increased competition among countries, making it easier for countries to access the global market, and allowing for the efficient transfer of goods and services around the world.

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The process, structure, and institutions involved in creating, delivering, and exchanging offerings that are valuable to partners, customers, clients, and society at large.

Creating, conveying, and providing value to customers, clients, and the general public is the essence of marketing. It encompasses a variety of techniques used by companies to promote and sell their goods and services to customers.

Marketing aims to meet human wants by delivering value. The marketer selects the product attributes and services that will add value. The marketer chooses pricing that are advantageous to both parties. The marketer chooses distribution strategies that provide value by being handy and easily available.

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East Germany, North Korea, and the former Soviet Union are all examples of command economies.

Also known as a planned economy, the Command Economy has the main principle that a central government planner owns or controls the means of production in society.

Private ownership or land, labor, and capital do not exist or are very limited to use in support of the central economic plan.

In contrast to a free market economy, where the prices of goods and services are determined by supply and demand, the central plan in the Command Economy sets prices, controls production, and limits or completely prohibits competition within the private sector.

In a pure Command Economy, there is no competition, as the central government owns or controls all businesses.

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Note that the Pitch Deck components and it's description are matched as follows:

Pitch deck component - Description

A pitch deck is often a 10-20 slide presentation aimed to provide a brief overview of your firm, business plan, and startup concept.

Pitch decks, also known as marketing decks, are typically used by companies attempting to persuade clients or investors to collaborate with them. They are brief presentations designed to assist someone to learn about your company fast.

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The monthly mortgage payment M is determined by taking into consideration the total amount of mortgage, the time period for the mortgage, and the rate of interest charged over the entire principal amount.

The formula to be used for the calculation of the monthly mortgage payment is:

[tex]$M=P \frac{\left[R(1+R)^n\right]}{\left[(1+R)^n-1\right]}$[/tex],

Where,

P= Principal amount of [tex]$\$ 200,000$[/tex]

R= Rate of interest of [tex]$\mathbf{0 . 4} \%$[/tex]per month

n= number of mortgage payments that is[tex]$\mathbf{3 0}$[/tex]years

M= Monthly payments

In light of this, the chosen formula will be used to calculate the monthly mortgage payment, which will include both the principal and interest payments at a rate of 0.4% at the beginning or end of each month.

The complete question is,

The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled Component with entries (P) Principal, (R) Monthly interest rate, (n) Total number of monthly payments (30-year term), (M) Monthly payment. The second column is labeled Cost with entries 200,000 dollars, 0. 4 percent, 350, 1059 dollars and 85 cents. Which formula should be used to correctly calculate the monthly mortgage payment? M = P StartFraction Left-bracket R (1 minus R) Superscript n Baseline Right-bracket Over (1 R) Superscript n Baseline EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over Left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction R Over left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over (N R) EndFraction.

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Discussions on the ongoing corporate performance on a long-term value creation story and a long-term value creation strategy can be had during investor presentations of long-term plans.

We urge leaders to prioritize long-term value creation as a starting point when trade-offs need to be made because of the advantages it brings for resource allocation and economic health. Consider your staff members to be stakeholders.

Due to their managerial expertise in fields like planning, budgeting, purchasing, and human resource management, these companies bring value. enabling the business to concentrate its efforts on more desirable possibilities.

The main objective of a corporation is to maximize short-term gains for all of its stakeholders. When a business examines its stakeholders and its mission statement as well as competitors,

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The statement which best describes the economic concept of scarcity is  People's wants can never be satisfied by the available resources.

The idea of scarcity is anchored in one of life's most fundamental truths: there are only so many resources in the world, and decisions must be made about how to distribute them. In that sense, anything from a pack of gum to a book of matches is limited since it required the use of resources that could have been used elsewhere.

As to how essential scarcity is to economics, scarce products are also referred to as economic goods. When it comes to economics, scarce products are those for which, at a price of zero, demand would outweigh supply.

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The complete question is:

Which of the following statements best describes the economic concept of scarcity?

a. Society is not employing all of its available resources in an efficient manner.

b. People's wants can never be satisfied by the available resources.

c. Scarcity afflicts only poor countries.

d. Too many frivolous goods and services are produced at the expense of socially desirable goods and services.

e. Production is efficient, but distribution is inefficient.