On November 26, the civic company purchased $1,200 of supplies on account. There will be "a debit to suppliers as well as a credit to trade payables" in the journal entry to document this transaction.
What journal entries?Journaling is the practice of keeping or producing records of all transactions, whether or not they are pecuniary. There may be several entries in the journal, each of which represents either a credit or a debit. If indeed the total of the credits and debits does not equal, the journal entry is regarded to be unbalanced.
Journal entries can list one-time or ongoing events, such as bond amortization or depreciation. Accounts payable normally has its own sub-ledger that indirectly impacts the general ledger, and journal entries in accounting software are typically entered using a distinct module from those.
As a result, general ledger account balances are changed directly by journal entries. The correct date, amount(s) to be debited, amount to be credited, description of the transaction, and specific reference number are all parts of a properly formatted journal entry.
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The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the following, which represent the four components of the product/market expansion grid?.
The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Market penetration, market development, product development, and diversification are the ones that represent the four components of the product/market expansion grid.
A market product grid is also termed an Ansoff Matrix or a product-market type expansion grid which is used as a tool that business firms used for the development of growth strategy. Market product grid is established for considering new as well as existing markets also new and existing products as well as the risks to be encountered in each possible relationship.
The Product Market Expansion Grid consists of four main suggested strategies which include Product Development, Diversification, Market Penetration, and Market Development.
A Market Expansion strategy is a special kind of strategic approach that helps the growth of companies when they are already expanded in their existing channels as far as possible. The primary focus of the strategy is to ensure that all of the particular current markets are fulfilled already and are satisfied with the products as well as the services which are presented for the strategy of market expansion.
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Why did mama move family to terminal island? what values/beliefs shaped her decision?
To keep the family together, Mama went to Terminal Island. She thought it would also be safer there than being ethnically segregated in Ocean Park.
The majority-artificial island of Terminal Island, formerly known as Isla Raza de Buena Gente, is situated in Los Angeles County, California, between the Los Angeles communities of Wilmington and San Pedro and the city of Long Beach. The Ports of Los Angeles and Long Beach are roughly divided by Terminal Island. Except for the Federal Correctional Institution, Terminal Island, the entire island is used for industrial and port purposes.
In comparison to its initial size, Terminal Island's land area has increased significantly. Wilmington became a part of the city of Los Angeles in 1909. Around this period, Rattlesnake Island's "Father of the Harbor," Phineas Banning, owned title to about 18 acres of land. Phineas Banning played a key role in introducing novel alterations to San Pedro Bay[6] and taking the initial steps toward expansion. The expansion was finished once it was incorporated into Los Angeles. The southern tip of Terminal Island was extended by 62 acres (0.97 sq mi) in the late 1920s thanks to the destruction of Deadman's Island, which was dynamited and dredged away in the main channel of the Port of Los Angeles.
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consider each argument for limiting international trade: the national security argument suggests that national security requires that strategically important goods be produced domestically. the infant industry argument suggests that protection can help infant industries develop. the unfair competition argument suggests that anti‑dumping laws prevent unfair competition. the fair standards argument suggests that trade should not enable firms to skirt regulations.
International trade, financial transactions which might be made between international locations. a number of the objects typically traded are purchaser goods, which include tv sets and clothing; capital items, consisting of equipment; and raw substances and meals.
Basic of global trade. a country makes a specialty of a particular commodity due to mobility, productiveness, and different endowments of economic resources. This stimulates a country to move toward global trade. the basis of worldwide change lies in the variety of monetary sources in one-of-a-kind nations.
International trade monetary increase, performance, technological progress, and what in the end subjects the most, client welfare. through decreasing fees and increasing product variety available to clients, change especially blessings center- and lower-income families.
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People in the real estate business who primarily focus on creating new properties are?
The answer is Developers.
Who is a real estate developer?
A person, company, or other organization that develops undeveloped land or redevelops existing locations is known as a real estate developer.
Developers of real estate have two options: they either work on their own dime or charge a fee. Developers are entrepreneurs since they work in the private sector.
In situations where the community's specific demands are not being met by the commercial sector, developers can also be public agencies, nonprofits, or other institutions.
Real estate developers build buildings that meet societal needs and represent their local communities. This means that in the private sector, developers start their own businesses to meet the demand for a specific kind of area, structure, community, etc
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What type of financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and cost of food, while still having some funds to use for entertainment, rest and relaxation?.
Personal finance is a term that covers your money management as well as saving and investing. These contain the budget, banking, insurance, mortgage, investments and retirement, tax, and estate planning. The term often directs to the entire industry that delivers financial services to people and homes and recommends financial and investment options.
Personal dreams and wishes - and plan to fulfill those essentials in your financial obstacle - also influence how you get the above. In order to use your earnings and savings most, it is necessary to be economical. Personal finance helps you learn the difference between good and bad suggestions and make intelligent financial conclusions.
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Oxley company has total variable costs of $120,000 if 15,000 units are produced. the relevant range is 10,000 units to 20,000 units. if 20,000 units are produced, variable costs are?
Variable fees are $8 per unit. Variable expenses are expenses that trade as the extent of the exact or carrier that a commercial enterprise produces changes.
Variable costs are the sum of marginal prices over all gadgets produced. They can additionally be regarded everyday costs. Fixed prices and variable prices make up the two factors of whole cost.
What are examples of variables costs?Variable costs are charges that exchange as the volume changes. Examples of variable expenses are raw materials, piece-rate labor, production supplies, commissions, transport costs, packaging supplies, and savings card fees. In some accounting statements, the Variable charges of manufacturing are referred to as the “Cost of Goods Sold.”
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https://brainly.com/question/5965421#SPJ4an economy has 410 people divided among the following groups: 60 have full-time jobs, 90 have one part-time job, 30 have two part-time jobs, 35 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 80 are running their own businesses, 40 are retired, and 60 are small children.
An economy includes clients who purchase services and products, corporations who appoint clients and make items, and the authorities at numerous degrees who each purchase products, appoint labor, and levy taxes. Their collective interactions create a simplified economy.
A. Labor force = 25 + 20 +5 + 10+10 = 70
Adult population = 100 - children = 100 - 10 = 90
Labor force participation rate =Labor force / Adult population
LFPR = 70 / 90 = 77.78%
B. Unemployed = 10
Unemployment rate = (10/90)×100 = 11.11%
C. Employment through household survey =
Full-time + part-time jobs + looking for job + own business
= 25 + 20 + 5 + 10 + 10 = 70
Establishment survey the unpaid workers and the self owned business are not included in the employed. Under this survey it is not restricted by any age.
Employment = 25 + 20 + 5 = 50
Unemployed = looking for job + own business + discouraged worker + retired + small children = 10 + 10 + 10 +10 +10 = 5
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Sanders inc. has applied $567,988 of overhead to jobs. actual overhead at the end of the year is $575,000. the adjustment for over- or underapplied overhead is:________-
Sanders inc. has applied $567,988 of overhead to jobs. actual overhead at the end of the year is $575,000. the adjustment for over- or underapplied overhead is $7,012 underapplied, increase in Cost of Goods Sold
When a company doesn't budget enough for its overhead expenditures, underapplied overhead results. This indicates that the budgeted amount was lower than what the company actually spent on operations.
The total amount of factory operational costs that aren't allocated to various production units are known as underapplied overhead. This issue arises when the standard allocation amount per unit of production differs from the actual amount of overhead expenses incurred during a reporting period.
Underapplied overhead is recorded as a prepaid expense or a short-term asset on a company's balance sheet, as was mentioned above. This balance sheet debit must be offset at a later time. The company's accounting department typically enters a debit by year's end to the COGS section and a credit to the prepaid expenses section to reconcile this.
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Prior to the year 2002, standards governing audits were established through the ______.
Prior to the year 2002, standards governing audits were established through the AICPA. The association establishes guidelines for financial statement auditing, private practice, CPA firm quality control, business valuation, financial planning, and professional ethics. An audit can apply to a complete organization or to a specific function, process, or manufacturing step.
An audit's goal is to offer a judgement on whether AICPA or the financial statements are fairly presented in accordance with suitable accounting rules. Bank accounts, management accounts, payrolls, bank statements, invoices, and receipts are all examples of auditing evidence. Auditing evidence should be substantial, reliable, obtained from a reliable source, and relevant to the audit at hand.
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consider the textbook’s definition of marketing. select a company that you think effectively markets its goods, services, or ideas, and describe how the firm creates, communicates, and delivers value.
The Amazon business enterprise. As all of us recognize that it's miles US-based totally multi-national e-commerce firm. The organization had numerous other projects like Amazon sparkling, Amazon primary, and Amazon kindle.
Third parties are the primary key driver in the increase of their marketing of products and services. which will help the employer to increase their selection and make the growth quicker in each phase. other than that the following are a number of the key elements at the back of the success of Amazon.com in developing communicating and turning in values.
Constructing consider after each and each purchase most of the customers are reviewing the product and services of Amazon. so doubtingly the others may also fearlessly purchase the goods via viewing this evaluation. in order to increase the consideration closer to the agency by means of the customer.
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consider cases where the number of withholding allowances is less than 6. which will cause the amount of federal income tax withheld to increase?
The amount of federal income tax withheld to increase Gross pay increases by increasing $20 and withholding allowances stay the same.
The extra allowances you declare the tons much less tax will be withheld from each paycheck. the less allowances claimed the bigger the withholding amount which can also bring about reimbursement. To avoid being stuck off protect by using a sudden tax bill or a huge tax refund you could want to alter your withholdings on your paycheck.
The more tax allowances you claim the fewer profits tax can be withheld from a paycheck the less allowances you declare the more tax may be withheld. the fewer allowances you declare the income tax may be withheld out of your paycheck. that would suggest you overpay your taxes at some point of the yr getting smaller paychecks but you may maximum probably get compensation after submitting your tax go back.
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When a firm does not have core competencies in an area needed to produce certain products, it may choose to rely upon a(n)____?
When a firm does not have core competencies in an area needed to produce certain products, it may choose to rely upon a analysis of supplier power. When analyzing supplier power in an industry, low supplier power generates a more appealing industry with higher profit potential because customers are not bound by suppliers.
As customers rely more heavily on suppliers, high supplier power makes the business less appealing and reduces profit potential. Suppliers have the potential to impact both pricing and availability of products resources. Providers are most powerful when businesses rely on them and are unable to move to other suppliers.
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Net working capital will be negative when current assets ______ current liabilities.
Net working capital will be negative when current assets are less than current liabilities. Current liabilities are the short-term financial commitments of a corporation that are due within a year or during a normal operational cycle.
An operating cycle, also known as the cash conversion cycle, is the amount of time it takes for a business to purchase inventory and convert it to cash from sales. Money owing to suppliers in the form of accounts payable is an example of a current liability. Current liabilities are usually settled using current assets, which are assets that are depleted within a year.
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Before the industrial revolution, per capita gdp in nations differed by a factor of:_______-
Before the industrial revolution, per capita GDP in nations differed by a factor of little over time and across countries.
The first three industrial revolutions that had an impact on our contemporary society are listed above. The steam engine, the age of science and mass production, and the rise of digital technology were three innovations that fundamentally altered the world as we knew it.
Agriculture and handicrafts-based economies were replaced by economies based on large-scale industry, mechanized manufacturing, and the factory system during the Industrial Revolution. Existing industries became more productive and efficient as a result of new equipment, power sources, and organizational techniques.
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what is generally true about management theories that are used to build organizations and guide them to their goals?
Management theories are concepts surrounding recommended management strategies, which can include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals won't rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.
Until the day that machines are ready to think, talk, and knowledge emotions, humans will remain the foremost complicated beings to manage. Management theories can never achieve the type of error-free performance that machines provide. On the upside, there are plenty of things that machines aren’t capable of doing, making humans indispensable assets. For such reason, proper management is one of the most crucial things for an organization.
For an extended time, theorists are researching the most suitable forms of management for different work settings. this is often where management theories come into play.
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what is the efficient markets hypothesis (emh), and what are its three forms? what evidence supports the emh? what evidence casts doubt on the emh
The Efficient Markets Hypothesis (EMH) states that stocks are listed and traded at fair value on stock exchanges, allowing for the purchase and selling of those shares at prices below and above the market price.
These are its three forms:
first, weak form The Efficient Markets Hypothesis states that a stock's price and rate of return are unaffected by its price and rate of return in the past, and that the rate of return in the past has no bearing on future returns mildly robust shape .The Efficient Markets Hypothesis states that it is pointless to predict stock price or return using publicly accessible information (such as financial statements).Future prices and interest rates are predicted by the Strong Equilibrium Markets Hypothesis Stock price return predictions based on both unpublished and disclosed information is ineffective. According to the efficient markets hypothesis (EMH), there is no room for investment to produce extra returns because everything is already fairly and accurately priced. This means that your chances of exceeding the market are slim, but passive index investing can still help you generate returns that are comparable to those of the market.To learn more about Efficient Markets Hypothesis visit:https://brainly.com/question/14311423
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a vertical supply curve represents: group of answer choices an inverse relationship between price and quantity supplied. an independent relationship between price and quantity supplied. an independent relationship between price and supply. a direct relationship between price and quantity supplied.
A vertical supply curve represents: an independent relationship between price and quantity supplied.
What is a vertical supply?In a vertical supply, the amount that is being supplied is fixed and does not fluctuate when the price does. Because there is never any change in the quantity, the vertical supply is also known as a perfect inelastic supply
The supply's response to changes in price is measured by the price elasticity of the supply. It is determined by dividing the proportional change in the price by the proportional change in the amount delivered.
What Elements Might Impact the Supply Curve?The supply curve can alter depending on a variety of variables, such as changes in production costs (such as those of labor and raw materials), advancements in technology, the amount of rivalry among sellers and manufacturers, and the regulatory and tax environment.
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An employee that has unpaid bills might exhibit the following fraud factor: multiple choice question.
a. rationalization
b. pressure
c. opportunity
consumed consumers are people who are used or exploited, willingly or not, for commercial gain in the marketplace. a lively red market exists for
Consumed consumers are people who are used or exploited, willingly or not, for commercial gain in the marketplace. a lively red market exists for the global market for body parts
This is further explained below.
What is total market capitalization?Generally, According to the total market capitalization of the companies that make up each index, the S&P 500 (SPX), the Dow Jones Industrial Average (DJI), and the Nasdaq Composite (IXIC) are the three biggest indices in the world. It is common practice for the name of the index to specify the total number of firms that make up the index.
In the context of a plan or endeavor to create revenue or some other kind of financial benefit, the term "commercial gain" refers to any recompense in the form of money, services, or other consideration.
In conclusion, Consumed customers are those who, whether voluntarily or not, are used or abused in the marketplace for the purpose of achieving financial advantage.
The international market for body parts is characterized by an active black market.
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which one of the following statements about difficulties of cost estimation is true? a. linear relationships between total costs and activity levels may exist b. inflation c. data may not be based on normal operating conditions d. none
the answer for the given question is option c.
The fact that the data may not be based on normal operating conditions complicates cost estimation.
What exactly is cost estimation?
Cost estimation entails making a rough prediction about future costs.
In this question, we must identify the statement that causes problems with cost estimation. The (c) in the given statement makes cost estimation difficult. Because it is necessary to have data based on normal operating conditions in order to estimate costs.
Option (a) is incorrect because it makes cost estimation difficult.
Option (b) is incorrect because it makes cost estimation difficult.
Option (d) is incorrect because it makes cost estimation difficult.
Therefore, the correct answer to this question is option (c)
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PLEASE HELP!!1
Describe the concept of economics of scale. How does it relate to productivity?
Answer:
the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm.
Explanation:
A business can obtain financing by issuing stock or borrowing from third parties, such as banks. what is the balance sheet effect of issuing stock to obtain cash?
The balance sheet effect of issuing stock to obtain cash is that cash would increase and common stock would also increase
What is the balance sheet of issuing stock for cash?
Issuing stock for cash means that the company is selling its stocks to investors or existing shareholders which necessitates issuing stocks to them to show that are now part owners of the company such that the investors pay cash to the company for the stocks received.
The impact of this transaction on the balance sheet is that cash received from investors would increase the cash balance under the current asset heading of the balance sheet and the common stock account would also rise by the amount of new common stocks issued, in other words, the increase in asset is the same as the increase in stockholder's equity.
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John buys a used car for $5,400 and spends $600 on new parts, made in the u.s., to fix the car. the end result of these two transactions is?
The end result of these two transactions is that U.S. consumption purchases increase by $600 and U.S. GDP increases by $600
Gross domestic product is defined as the sum of final goods and services produced in an economy in a given period. It counts all the output generated within the borders of the country.
GDP is basically the monetary value of final goods and services.
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items that aren’t included in the calculation of GDP includes:
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The marketing strategy that focuses on measuring, managing, and analyzing market performance is referred to as?
The marketing strategy that focuses on measuring, managing, and analyzing market performance is referred to as marketing analytics.
The analysis of data for marketing purposes is known as marketing analytics. Businesses are able to better understand what motivates consumer behavior, hone their marketing strategies, and maximize their return on investment by applying technology and analytical procedures to marketing-related data.
In order to generate actions, marketing analytics looks for trends in marketing data. In actuality, the notion of marketing analytics can include anything from modeling and machine learning to statistics. It aids companies in better understanding their clients, goods, selling points, and other things.
Because they work defined hours and get weekends off, many marketing analysts are able to maintain a healthy work-life balance. Due to the fact that most businesses require their services, they also frequently have good job security.
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your skills, knowledge, and actions add value to your organizational goals (department and company). in today’s ever-changing workplace what actions are you taking to stay abreast of your organizational changes and stand out from the others? write one thing about your current work style that you might change in order to be more effective in your current or desired position? why? post a response to two classmates’ discussion posts. provide detailed examples and feedback.
Businesses will continuously identify and cultivate new business ideas and prospects with the support of their ability to accept change. Any business can advance into new domains brought about by the new ways of functioning by having excellent change strategies.
What exactly is the workplace changing?Change at work is anything that interferes with established work practices, team members, job roles, or particular job responsibilities. Here are a few instances of change you could encounter at work:
You and your team must adjust to a new manager when your current one is promoted or quits the organization. The new manager may have a different management style and set of expectations.new employee: If your team hires a new member, you should give them some time to get to know you and assist them in adjusting to their new position.New role: When a department is reorganized or someone is internally promoted in your company, new positions are createdTo know more about Workplace changes, visit: https://brainly.com/question/17215125
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A fixed budget performance report indicates a sales variance of $20,000 favorable. the reason for the variance is?
The reason for the variance cannot be determined from the fixed budget performance report.
What is a Budget Performance Report?A budget performance report compares the period's actual revenues and costs with those projected based on the actual sales volume. It is a management report. Against put it another way, it's a report that compares actual firm performance to budgeted performance. In order to determine whether there are any significant discrepancies between the estimated budgeted figures that were established at the beginning of the period and the actual ending numbers, management prepares this report at the conclusion of an accounting/budgeting period.
This is an important tool because it enables management to examine the business divisions that are accomplishing their budgetary objectives and the divisions or regions that require development.
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which model suggests that corporate social responsibility is composed of economic, legal, ethical, and philanthropic responsibilities that are built upon a firm's economic performance?
According to The Pyramid of Corporate Social Responsibility, a company's economic performance serves as the foundation for its economic, legal, ethical, and charitable duties.
What are the four CSR pyramids?
In essence, Carroll's CSR pyramid and the four-part definition of corporate social responsibility (CSR) provide an organizational conceptual framework that includes the economic, legal, ethical, and philanthropic or discretionary responsibilities.The first and most evident is the financial obligation to make a profit. The second is the obligation under the law to abide by the rules that society has established. The third is the ethical obligation, which is closely related to the second. Specifically, it means acting morally even when doing so is not required by law.
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The specification for uml (unified modeling language) is maintained by the object management guild. True or false
False. The specification for uml (unified modeling language) is not maintained by the object management guild.
Unified Modeling Language
In the realm of software engineering, the Unified Modeling Language (UML) is a general-purpose, developmental modelling language that aims to offer a standardised method for visualising system architecture.
The initial driving force behind the development of UML was the desire to standardise the many notational frameworks and software design methodologies. Rational Software worked on it from 1994 to 1995, and they continued to lead the development until 1996.
The Object Management Group approved UML as a standard in 1997, and it has been run by this group ever since. The International Organization for Standardization (ISO) issued UML in 2005 as a recognised ISO standard. Since then, the standard has gone through frequent revisions to reflect the most recent UML revision.
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if the beginning capital balance is $3,500, net income is $5,500, and the owner withdrawals $2,400, what is the ending capital balance?
With the beginning capital balance of 3500 and income of 5500 and a withdrawal of 2400 will result in ending capital balance of 6600. (3500+5500-2400=6600)
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The capital account in accounting depicts the total value of a business at a particular point in time. It appears in the bottom section of the balance sheet and is referred to as founder's equity for a sole proprietorship or stakeholders' equity for a corporation. The term "balance" in bookkeeping refers to the difference between the total number of debit entries and credit entries made into an account during a certain financial period.
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Jackson enjoys seeing the end result of his hard physical labor. the interest area that he should consider careers in would be _____. a. business b. crafts c. science d. office operations please select the best answer from the choices provided a b c d
Jackson enjoys seeing the end result of his hard physical labor. the interest area that he should consider careers in would be craft.
A craft or trade is leisure or profession that calls for specific abilities and expertise in specialized work. Sculpture, metalwork, knitting, and printing are just a few of the creative forms that are included in crafting.
Craft competence is best understood as a complex of mental and physical accomplishments, of which manual skill is merely one component.
Features of craft are:
It is a fundamental human quality.We perform our best work in this manner.It accepts the conditions and environment in which it lives.Despite the laws and structures we establish, the craft still persists.Everything we do can be affected by it.Learn more about Craft here:
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