From the perspective of managing a budget, what term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent?.

Answers

Answer 1

Budget variance is the difference between the amount of money that was budgeted and the actual amount of money spent.

         In every event, a budget is planned to carry out the smooth functioning of the event. Every year, a budget is also planned for the various developments to be brought about in the country. However, it is not always possible to carry out the actions within the specified budget.

         Due to some unforeseen situations occurring, more money might be needed to carry out the same task. Thus, a gap is created between the money allocated for the task and the money actually used in the task.

         Budget variance refers to the gap between the allocated money and the used money to complete a particular task. The budget variance can be a higher amount of money, or it can also be a lesser value. It will be lesser when less amount than the allocated money is used.

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Related Questions

isaac believes that his technical skills empower him to choose​ how, when, and even if he will interact with corporations.​ he's not alone.​

Answers

Materialism is the term applies to the new​ environment.

What is meant by Materialism?

A good example of materialism is when someone tries to define love in terms of material stuff. A prime example of materialism is the preference for a new car over close relationships.

The notion or frame of mind that physical health and material possessions are life's greatest benefits and highest values.

The Materialism school of thought holds that everything is made of matter in some way. To update this idea, it could be useful to restate that energy is the basis of all existence. The physical form of energy is matter.

Thus, it is Materialism.

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The question was incomplete, rest part is mentioned below-

Today, many people dictate to companies the types of products they want and​ how, when, and where​ (or even​ if) they want to learn about those products. Which term applies to the new​ environment?

getting to know what your customers want, need, and care about is question 6 options: a waste of time. one of the chores of doing business. good customer service. only important in certain businesses

Answers

Answer:

Good customer service

Explanation:

roger is conducting an educational event and has asked a couple of providers to be present at his booth. the hearing aid representative has general information on hearing loss, business cards and logo coffee mugs (worth $8). has the hearing aid representative followed all required guidelines? no, he can provide general information and his contact information, but is not permitted to offer giveaways. yes, he can provide general information, his contact information and logo items that are under $15. no, he must not provide his business cards or giveaways.

Answers

Roger is conducting an educational event and has asked a couple of providers to be present at his booth "The hearing aid representative did not follow all the required guideline".

He can provide general information and his contact information, but is not permitted to offer giveaways.

An event organized for Medicare beneficiaries may either be an educational event or a marketing/sales event.

An educational event involves programs designed to get Medicare beneficiaries informed about health related developments.

During an educational event, sales and marketing activities are strictly prohibited.

The distribution of logo coffee mugs at an educational event depicts a sales / marketing agenda which is against the guideline of an educational event setup.

So, the hearing aid representative did not follow all the required guideline.

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In the buying center, ryan answers the phones, receives and opens the mail, and monitors the incoming email. He sorts through all the sales solicitations and forwards the most interesting ones to his boss. Which role is he playing in this decision-making unit?.

Answers

Answer:

A.) Gatekeeper

Lecture page 46. A) Gatekeepers are the people who keep information out and let information in to the buying center. This is exactly what Ryan does by sorting through the sales solicitations. B) Ryan does not make any decisions in the buying center. C) The purchasing agent is the person who actually does the buying. This is not part of Ryan's job. D) The user is someone who is actually going to use the equipment that is purchased. There is no mention of Ryan using any purchased goods in this question. E) Gopher is not one of the roles in the buying center.

Explanation:

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birmingham steel sells steel to winston golf club manufacturers for $300,000. winston sells its golf clubs to academy sports for $1,000,000. academy sports sells these golf clubs to consumers for $1,500,000. how much is added to gdp? assume that all firms are located in the country.

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$1,500,000 added to the GDP .The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP).  

Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis. For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter. Each item of information in this report is given in real terms, which implies that it has been netted for inflation after being adjusted for price changes.

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which of the following could be "breakthrough opportunities" for a candy company? (check all that apply.)

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The factor that could be "breakthrough opportunities" for a candy company are:

a patent on the formulaan opportunity to purchase a well known brand of candy bar

What is breakthrough opportunities?

Opportunities can be described as the  one that is been  by innovative firms  that is  developed hard-to-imitate marketing strategies  which can make the company to be very profitable for a long time.

For organization to experience break through then they must be able to plan and have a set goals which will be worked towards to  and at the end of  a particular period, they can experience great profit.

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CHECK THE COMPLETE QUESTION:

which of the following could be "breakthrough opportunities" for a candy company?

a patent on th formula

an opportunity to purchase a well known brand of candy bar

When a tax is imposed on buyers, consumer surplus and producer surplus increases. true false

Answers

Terms in this group (20) Consumer surplus declines but producer surplus rises when a tax is placed on consumers.

The term "supply-side economics" refers to the theory that tax cuts would increase the amount of labor that was available and hence boost tax revenue. The supply curve is shifted by a tax paid by sellers, whereas the demand curve is shifted by a tax paid by buyers. Regardless of who pays the tax, the result is the same. 6.producer surplus When a good is taxed, the price consumers pay increases, the price sellers receive decreases, and the amount sold decreases. Similar to taxes on producers, consumer taxes will eventually lower amount sought and producer surplus. Due to the economic tax incidence, or who actually bears the cost in the new equilibrium, the tax, is based on how the market responds to the price change – not on legal incidence.

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A complete product-market definition includes product type, customer needs, customer types, and _____

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A complete product-market definition includes product type, customer needs, customer types, and geographic area.

The market where finished goods or services are sold to enterprises and the public sector is known as the product market in economics. It excludes trade in raw materials or other intermediate resources and instead concentrates on the selling of finished goods.

The market where a good or service is purchased and sold is known as a product market. A product market does not involve the selling of raw resources; instead, it concentrates on finished goods that are bought by domestic and international consumers, enterprises.

Product markets: Over the past ten years, countries have opened up their markets, enabling them to expand quickly. However, businesses still find it difficult to obtain reliable consumer data, particularly from people with low incomes.

Characteristics of product market are:

It could be physical or abstract.It includes related characteristics like brand, package, guarantee, etc.It has a market price.It has the capacity to meet the demands and desires of customers.  

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The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, eatons customers tried to cut cost and lower their production. This in turn affected eatons sales negatively, which is an example for _______.

Answers

Eaton's business-to-business clients were significantly impacted by the 2008 financial crisis. Eaton’s' sales were significantly impacted as a result, which is an example of solutions selling.

This was the biggest economic crisis recession since World War II, with the US gross domestic product declining by 4.3 percent from peak to trough. With a duration of eighteen months, it was unquestionably the longest.

From 5% to 10%, the percentage more than doubled. The housing market collapsed as a result of the toxic subprime mortgages created by the economic crisis, low interest rates, cheap lending, and inadequate regulation. New banking rules and an aggressive Fed are two effects of the Great Recession.

When 198 nations are compared based on the percentage change in GDP between 2007 and 2009, Eastern European and advanced economies that are trade-dependent are the most severely hit. Years of preparation went into the financial crisis of 2007–2008. By the summer of 2007, there were indications on financial markets all around the world that the years-long feast on cheap borrowing was about to come to an end.

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luzadis company makes furniture using the latest automated technology. the company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. the predetermined overhead rate was based on a cost formula that estimates $592,000 of total manufacturing overhead for an estimated activity level of 74,000 machine-hours.

Answers

1) The underapplied overhead is $15,000.

2) The Journal entry to close underapplied overhead to Cost of Goods Sold is as follows:

Journal Entry:

Debit Cost of goods sold $15,000

Credit Factory overhead (underapplied) $15,000

3) The Journal entry to close underapplied overhead to the following accounts is as follows:

Journal Entry:

Debit Work in process $1,050

Debit Finished goods $2,850

Debit Cost of goods sold $11,100

Credit Factory overhead (underapplied) $15,000

Data and Calculations:

Estimated total manufacturing overhead = $592,000

Estimated activity level = 74,000

Predetermined overhead rate = $8 ($592,000/74,000)

Applied Overhead = $536,000 (67,000 x $8)

Manufacturing overhead cost $551,000

Underapplied overhead = $15,000

Actual Machine-hours   67,000

Manufacturing overhead cost $551,000

Inventories at year-end:

Raw materials Work in process $ 13,000

Work in process  (includes overhead applied of $37,520)  $ 139,300

Finished goods (includes overhead applied of $101,840)$ 378,100

Cost of goods sold (includes overhead applied of $396, 640) $1,472,600  

Allocation of underapplied overhead:

Work in process  (includes overhead applied of $37,520)

Finished goods (includes overhead applied of $101,840)

Cost of goods sold (includes overhead applied of $396,640)

Total applied overhead = $536,000

Work in process = $1,050 ($37,520/$536,000 x 15,000)

Finished goods = $2,850 ($101,840/$536,000 x 15,000)

Cost of goods sold = $11,100 ($396,640/$536,000 x 15,000)

Thus, the underapplied overhead is $15,000.

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Question Completion:

What is the predetermined overhead rate?

During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year Machine-hours Manufacturing overhead cost Inventories at year-end: 67,000 $551,000 Raw materials Work in process (includes overhead applied of $37,520) Finished goods (includes overhead applied of $101,840) $ 13,000 $ 139,300 $ 378,100 s 1,472,600 Cost of goods sold (includes overhead applied of $396, 640)

Required

1. Compute the underapplied or overapplied overhead.

2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry.  

3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry.

Henderson's+hardware+has+an+roa+of+11%,+a+8%+profit+margin,+and+an+roe+of+21%.+what+is+its+total+assets+turnover?+do+not+round+intermediate+calculations.+round+your+answer+to+two+decimal+places.

Answers

Total asset turnover = 1.375

Explanation:

In this question we use the DuPont analysis which is presented below:

Return On Assets = Net Profit Margin × Total asset turnover

0.11 = 0.08 × total assets turnover

So, the total assets turnover would be

= 0.11 ÷ 0.08

= 1.375

Simply we find out the asset turnover by applying the return on assets formula that is displayed above.

Asset turnover, overall asset turnover, or asset turns is a monetary ratio that measures the efficiency of a agency's use of its property in generating income sales or income earnings to the agency.

What's total asset turnover?

Asset turnover is the ratio of overall income or sales to common assets. This metric facilitates traders apprehend how effectively companies are using their belongings to generate sales. Buyers use the asset turnover ratio to examine comparable agencies within the identical area or group.

What does a total asset turnover of 1.5 imply?

For the duration of the same length, the enterprise's overall belongings mentioned on its 12 monthly balance sheets averaged $1,400,000. The organization's general asset turnover for the 12 months became 1.5 (net income of $2,100,000 divided by means of $1,400,000 of average total assets).

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a t bill quote sheet has 90 day t bill quotes with a 5.32 ask and a 5.26 bid. if the bill has 10000 face value an investor could sell this bill for

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Tbill quote sheet has 90 day t bill quotes with a 5.32 ask and a 5.26 bid. if the bill has 10000 face value an investor could sell this bill for 5.26 Treasury notes, sometimes known as T-bills, are short-term investments that maturity within a year or less of the date of issuance. Treasury pays the par value of T-bills when they mature for a price that is less than or equal to their par value (face value).

Government treasury bills can be procured by individuals at a discount to the face value of the security and are redeemed at their nominal value, thereby allowing investors to pocket the difference. For example, a 91-day treasury bill with a face value of Rs. 120 can be bought at a discounted price of Rs. 118.40.

Treasury bills can be kept until they mature or sold before that time. Transfer the note to a bank, broker, or dealer first, and then ask them to sell it on your behalf if you want to sell a Treasury note that is stored in Treasury Direct or Legacy Treasury Direct.

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Without taxes, the market price per bag of apples is $5. With a $2 tax per bag of apples, buyers now pay $5. 75 per bag. What is the final price per bag of apples received by sellers?.

Answers

The final price per bag of apples received by sellers is $3.75

This is a question about the effect of taxes on both the apple buyers and sellers.

Before the tax, buyers pay sellers $5 per bag. Whereas, the tax amount of $2 raises the price, but not by the full amount of the tax.

Therefore, this can be calculated as -

Revenue = Sales Price - Total tax

= 5.75-2

= 3.75

Therefore, the seller's income cannot be greater than $3.75 if purchasers now pay $5.75 to the seller and the seller must pay the $2 tax amount.

Hence, it can be also noted that the buyer is paying $0.75 of the tax and the seller is absorbing the other $1.25.

Eventually, this situation may cause a change in the supply of apples that come to market. But the final price per bag of apples received by sellers is $3.75

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rawlco began the month with $220,000 in total assets. what total assets would be reported on the balance sheet after events (a)–(f)?

Answers

After the events (a) to (f), the total assets reported on the balance sheet for Rawlco would be $257,000.

What would be the total assets?

The total assets can be found by adding assets coming into the business and subtracting those leaving.

The total assets after events (a)–(f) is:

= Beginning total assets + Equipment purchase - Cash used for equipment + Cash deposited + Cash investment + Supplies

= 220,000 + 30,000 - 10,000 + 5,000 + 10,000 + 2,000

= $257,000

The total assets are $257,000.

Rest of the question:

a. Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month

b. Purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month

c Negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company's checking account.

d. Hired a new finance manager on the last day of the month

e. Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares.

f Supplies [ordered in (a)] were received, along with a bill for $2,000.

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When an upscale grocer opened a store in a neighborhood of chicago that suffered from vacant buildings and a high crime rate—it charged lower prices on certain staple foods, including eggs and dairy, as part of its effort to?.

Answers

The effort is towards eliminating the food desert.

Compared to locations with great availability of fruits, grocery stores that sell fresh green vegetables, or supermarkets, areas with limited access to nutrient-dense and reasonably priced food are known as food deserts.

Understanding food deserts as food apartheid not only tackle their underlying causes but also raises many questions about the effectiveness of frequently offered remedies.

Increasing the number of fast food restaurants and corner stores in areas with food deserts is one of the temporary solutions that continues to support income gaps and health inequalities.

Similar to this, an elite supermarket reduced the price of several essential commodities like eggs and cheese when it built a store in a Chicago neighborhood with many derelict buildings and a high crime rate. This was done in an effort to end the food desert.

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hich of the following will help you maintain a flexible approach during your presentation? knowing the key messages of your presentation. reading your entire message so you do not lose your place. explaining any problems that disrupt the presentation. arriving just before the presentation to avoid nervousness. focusing on your agenda rather than the needs of the audienc

Answers

The answer to this question is option a.

The best way to maintain a flexible approach during the presentation is to know the key messages of your presentation.

In this question, we have to identify the ways to properly manage the presentation. We have to choose the correct option form the four options. To maintain the flexibility in the presentation we have to remember the key words of the presentation. Because the key words help in remembering the presentation, if we forgot something in the presentation then with the help of the key points, we can easily remember these things without any pauses.

Option (b) is not correct because it is not the correct way to maintain flexibility in presentation.

Option (c) is not correct because it is not the correct way to maintain flexibility in presentation.

Option (d) is not correct because it is not the correct way to maintain flexibility in presentation.

Hence, the correct answer for this question is a.

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What+is+the+portfolio+beta+if+75%+of+your+money+is+invested+in+the+market+portfolio,+and+the+remainder+is+invested+in+a+risk-free+asset?

Answers

Beta of the market potfolio is always 1 and the beta of risk free security is zero.

A market is a composition of systems, establishments, approaches, social relations or infrastructures whereby events have interaction in trade. even as parties might also change items and offerings through barter, most markets depend on sellers providing their items or services to customers in alternate for cash.

A marketplace is an area where consumers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets may be physical like a retail outlet, or virtual like an e-store. other examples include unlawful markets, auction markets, and monetary markets.

Hence if he invest 75% of  portfolio in market porfiolio weighted beta will be 75% of 1 =.75 beta

Balance 25% is invested in risk-free security hence weighted beta  will be 25%*0 =beta 0

Therefore porfolio beta = = .75 (1) + .25 (0) = .75

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This question is incomplete. Look below for the proper question.

What is the portfolio beta if 75% of your money is invested in the market portfolio, and the remainder is invested in a risk-free asset?

georgette and elise are buying a home together, and have taken out a loan with a private loan company. they’ll pay a bit more interest, and larger fees, but they feel it’s worth it to have the home they’ve always dreamed of. what else might the private loan company require?

Answers

If  they’ll pay a bit more interest, and larger fees, but they feel it’s worth it to have the home they’ve always dreamed of. what else might the private loan company require is collateral.

What is collateral?

Collateral can be defined as a item a borrower intend to give a lender in exchange for the money lend to them in which the lender will return the item to them when the borrow payback the money lend to them.

Some people can tend to use their properties such as document,  house, car or other valuable item as collateral until they repay back the money in full in which the item will now be return back to them.

Therefore  what else might the private loan company require is collateral.

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Regulation u controls credit from? a broker to customer b federal reserve to customer c federal reserve to banks d bank to broker

Answers

The Regulation U under the Federal Reserve Board is designed to control the credit from a bank to a broker. Therefore, the option D holds true.

What is the significance of a regulation?

A regulation can be referred to or considered as the addition similar to rules backed by laws, and provided under the relevant relating laws for functioning of the matters related thereto.

The Federal Reserve Board has suggested the control of credit facilities from a banker to a broker in the manners prescribed under the regulation U.

Therefore, the option D holds true and states regarding the significance of regulation.

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Self and social awareness is an important skill to practice when communicating with others because you will __________.

Answers

Self and social awareness is an important skill to practice when communicating with others because you will be more aware of your own personal biases

This is further explained below.

What is social awareness?

Generally, The capacity to grasp the viewpoints of other people, groups, or communities and to incorporate that comprehension into one's relationships with other people is what we mean when we talk about social awareness.

This is a rather straightforward idea.

The term "personal bias" refers to previously unacknowledged views, opinions, or attitudes that have been gained through time and often serve to perpetuate stereotypes.

Personal biases are automatic, accidental, and hardwired into people, and they cause them to make inaccurate judgments.

In conclusion, While you practice self-awareness and social awareness, you will become more conscious of your own personal biases, which makes self-awareness and social awareness a crucial ability to have when speaking with others.

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The detailed record of the changes in a particular asset, liability, or stockholders' equity is called:_______.

Answers

The detailed record of all the changes that have occurred in a particular asset, liability, or owner's equity during a period is known as account.

What is an account?

Account can be described as the essential part of the financial sector which is needed to provide the information as regards the changes as well as transaction that has taken place which help to show the asset, liability, or owner's equity.

In this case, it should be noted that detailed record of all the changes that have occurred in a particular asset, liability, or owner's equity during a period is known as account.

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a good’s price elasticity of demand depends in part on how necessary it is relative to other goods. if the following goods are priced approximately the same, which one has the least elastic demand?

Answers

-sports car=elastic demand (price is much more of a factor in purchase of a sports car bc it is a LUXURY)

-chemotherapy=inelastic demand (necessity=ppl willing to pay the price)

What is Least Elastic Demand?
Cost factors directly affect business activities. Several cost drivers can be associated with activities. For example, direct labor hours are the driving force behind most  product manufacturing activities. High labor costs increase the cost of producing all of a company's products or services. When the cost of maintaining inventory is high, so are the costs of manufacturing products and providing services.


[tex]P E_{d}=\frac{\% \text { Change in } Q t y}{\% \text { Change in Price }}[/tex]

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How would a severe drought in florida affect the equilibrium price and quantity of oranges?

Answers

A drought in Florida would cause a decrease in the supply of oranges. This decrease in supply would lead to an increase in the price of oranges.

What is Equilibrium of price ?

An equilibrium price, also known as a market-clearing price, is the consumer cost given to a product or service at a point where supply and demand are equal or nearly equal. The producer or vendor can sell as many units as they want, and the buyer can buy as many as they want.

Dynamic pricing aims to identify equilibrium prices in response to market changes, modifying prices on the fly when supply and demand fluctuate. Other pricing models, such as value-based pricing, seek to capitalize on intangible attributes or use other strategies to control demand and obtain a bigger profit margin than can be estimated by cost-based pricing.

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Arget profit:_________
a. is when sales and costs are exactly equal.
b. equals differential costs.
c. can be calculated by modifying the break-even equation.
d. cannot be calculated in cost-volume-profit analysis.

Answers

Target profit: may be calculated by enhancing the break-even equation.

Income describes the economic profit realized when sales generated from an enterprise pastime exceed the charges, fees, and taxes worried in sustaining the activity in query.

earnings truly method the revenue that remains after prices; it exists on several levels, relying on what kinds of prices are deducted from sales. net earnings, also called internet earnings, is a single number, representing a specific form of income. net income is the renowned bottom line on an economic declaration.

Economic profit is likewise known as pure income. The pure earnings make the provisions for depreciation, insurable dangers, and important minimum payments to the shareholder so that they do no longer withdraw from the capital. thus, natural earnings are the residual left after all of the contractual fees Viz.

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preparing to pay for higher education can start in 9th grade or earlier by... applying for grants. applying for scholarships. opening a 529 plan. taking out student loans.

Answers

Preparing to pay for higher education can start in 9th grade or earlier by opening a 529 plan.

What is a 529 plan?

The 529 plan can be defined as the plan that can help in the payment of the qualified education costs of the people that are involved. This plan is a tax advantaged account plan. The people that are covered in the plan would be the college students, the k 12 and those that are involved in other apprenticeship schemes.

Hence we would say that preparing to pay for higher education can start in 9th grade or earlier by opening a 529 plan.

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When we contact your most recent manager, which of these will they say is most true of you at work?

Answers

When we contact your most recent manager, You make plans for how to complete work more than most others. these will they say is most true of you at work.

A manager has to carry out features like planning, organizing, staffing, directing, and controlling. All those features are crucial for jogging a business enterprise easily and reaching organizational objectives. Planning is needed for putting dreams and setting up techniques for coordinating activities.

The definition of a manager is someone accountable for supervising and motivating personnel and for steering the development of a business enterprise. An instance of a supervisor is someone who's in fee of customer support, offers with patron disputes, and who oversees and supervises customer support agents.

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stores that stocked only small decorative goods and knick-knacks at the turn of the century were known as:

Answers

Fancy goods shops are the stores that stocked only small decorative goods and knick-knacks at the turn of the century.

What are the fancy goods shops?

This is the term that is used to refer to the shops that are known to have the goods that were fanciful in nature. These shops were known to have sold other goods too that were in the forms of ornaments.

The shops were the shops that were basically owned at the beginning of the century. Hence we can conclude by saying that Fancy goods shops are the stores that stocked only small decorative goods and knick-knacks at the turn of the century.

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Lena, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates ________ to potential employers.

Answers

Lena, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates independence, resourcefulness, and entrepreneurship to potential employers.

SMEs and entrepreneurship can be impacted by globalization in a variety of ways. The report that follows is a nice illustration of this. The Swedish Foundation for Small Business Research (FSF) has solicited opinions on what globalization means from these viewpoints from a number of top worldwide and national scholars in the fields of innovation, entrepreneurship, and SMEs. The creation or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered as transformation that typically involves greater risk than is typical when beginning a business and may also involve values other than just financial ones.

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An optimum number of overlearning opportunities is approximately_____% of the number of trials required for acquisition of the behavior

Answers

An optimum number of overlearning opportunities is approximately 50% of the number of trials required for acquisition of the behavior. The correct answer is option(a).

The act of practicing a skill even after you are no longer improving it is known as "overlearning." Despite appearing to have mastered the talent, you keep practicing at the same level of difficulty. According to a recent study, this additional practice might be a useful approach to help retain your hard-earned talents.

Overlearning speeds up the second phase, recall, by cutting the first phase, learning and comprehension, short. If you're in charge of training new hires, make sure your program addresses overlearning. Overlearning is the practice of a skill or repeated study of a subject to improve performance and memory. Because the neural mechanisms involved become more effective and recall speed increases during rehearsal, performance is improved beyond the first learning stage.

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Because you cannot make both marketing and production happy with your decision about the new toy design, you have to engage in when making the decision.

Answers

I have to engage in suboptimization to make the decision, in order to make both marketing and production happy with the decision about the new toy design.

The marketing department works closely with the assembly department to confirm that: adequate research and development is planned to satisfy current and future customer needs. The item is manufactured to the standard and style desired by the patron.

Marketing is vital to manufacturing because marketing's job is to market the manufactured product. While manufacturing's job is to make the merchandise, marketing's primary responsibility is to realize a customer, and keep a customer. The link between marketing and production could be a dual one.

On one hand, production capabilities determine the quantity and sort of products which might be marketed, and, on the other hand, a more accurate prediction of sales forecast for every product and merchandise line is important for efficient production operations.

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