Therefore, society is a part of the economy, and the society provides the framework for the economy to operate. Due to this link, each society has its own unique economy, which reflects the social demands and cultural characteristics of the society as well as the main characteristics of the civilization in which it exists.
What is economy?The management of a community, business, or family's financial affairs is referred to as economy. The American stock market system is a prime example of an economy.
Our daily lives are impacted by economic concerns. This covers topics including taxation and inflation, wealth and interest rates, inequality and emerging markets, and energy and the environment.
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Find the present value of a continuous stream of income over 3 years when the rate of income is constant at $35,000 per year and the interest rate is 9%. The present value is $(Round to the nearest dollar as needed.)
When the income rate remains constant at $35,000 per year and the interest rate is 9%, the present value of a continuous revenue stream over three years is $101912.
Time, t = 3 years
Interest rate = 2%
= [tex]\frac{2}{100}[/tex]
= 0.02
The value of a sum of money today is known as its present value. For instance, if you are promised $110 in a year, the present value is what that $110 is currently worth. The current worth of a future sum that has been gained at a continuously compounded rate is determined using the present value with continuous compounding formula. The current value, time value of money, and continuous compounding are the three ideas that need to be taken into account while using the present value with the continuous compounding formula.
Present value of continuous stream = [tex]\int\limits^3_0 {35000e^{-(0.02)t} } \, dt[/tex]
[tex]= -1750000e^{-0.06} + 1750000[/tex]
= 101912.06
The present value is $ 101912.
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What is the difference between an adjusted trial balance and an unadjusted trial balance?
An adjusted trial balance is used after all revisions to the journal have been made, whereas an unadjusted trial balance is used when the entries in a certain period are not yet considered final.
What is Trial Balance ?A trial balance is a bookkeeping worksheet that compiles the balances of all ledgers into equal debit and credit account column totals. A trial balance is prepared on a regular basis, usually at the end of each reporting period.
A trial balance is created to check that the entries in a company's bookkeeping system are mathematically correct. All business transactions for a corporation over a specific period are included in the debits and credits, including the sum of such accounts as assets, expenses, liabilities, and revenues.
Although the debits and credits in a trial balance must be equal, there may still be flaws or errors in the accounting processes.
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The+yield+to+maturity+of+a+bond+is+currently+10%+but+is+expected+to+fall+to+9%+in+the+near+future.+assuming+a+three-year+duration,+calculate+the+estimated+percentage+change+of+the+bond.
The estimated percentage change of the bond. 2.7272 or 2.73% change.
change in the price of a bond will be +2.73%
To find this we need to calculate modified Duration which will tell us the volatility of the bond, which means the percentage at which the bond will change with every 1% change in interest rate.
Remember, the change in the price of a bond happens opposite to the change in interest rate, which means if interest rates are falling, bond prices will rise.
Modified Duration = Duration of bond / ( 1 + YTM )
= 3 / ( 1 + 0.1 )
= 3 / 1.1
= 2.7272 or 2.73% change with every 1% change in interest rate.
So if the interest rate falls to 9%, there is a 1% fall in interest rate, so the price of a bond will rise by 2.73%
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What are common potential problems associated with group decision making?
Some common potential problems are - Groupthink
- Goal displacement
- Satisficing
Goal displacement, as it was first described by Michels in 1911, is the process by which the initial, frequently radical or idealistic aims of an organization are replaced by the subpar goals necessary to keep the organization alive and its leadership in position (Michels, 1949). (1949)
The March of Dimes' pivot from its original 1938 mission to find a treatment and cure for polio is the paradigmatic example of purpose displacement.
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If something is an intangible or tangible characteristic of a product, service, or offering, it is considered a:_________
If something is an intangible or tangible characteristic of a product, service, or offering, it is considered as a feature of the product.
Tangible assets are generally physical assets or property owned by any company. Tangible assets are the main type of assets which the companies generally use to produce their product and service.
Intangible assets however don't physically exist, yet they do have a monetary value since they also represent potential revenue.
There are different types of assets which could be considered as tangible or intangible and some of which are short-term or long-term assets.
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If+sales+are+$795,000,+variable+costs+are+71%+of+sales,+and+income+from+operations+is+$279,000,+what+is+the+contribution+margin+ratio?
a. 67%
b. 33%
c. 29%
d. 71%
The contribution margin ratio is 33% I.e option b.
A sale is a transaction between two or more parties in which goods or services are variable costs for money or other assets. In the financial markets, a sale is an agreement between a buyer and seller involving the price of a security and its delivery for agreed-upon compensation
Sales: 525000
Variable cost ratio: 64%
Variable cost (525000*64%) 336000
Contribution (Sales-Variable cost) 189000
Contribution margin ratio = Contribution /Sales *100
$ 189000 /525000*100 = 33%
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you take especially long to select an item from the menu. which stage of the consumer purchase decision process where you stuck at? (multiple answers possible)
If a customer is taking longer time to select an item from the menu, then he/she is stuck at the alternate evaluation of the consumer purchase decision process.
What is consumer purchase decision process?Consumer purchase decision process is a process which is sued to evaluate a purchase decision. It is a five steps long process and they are as follows,
Problem recognitionInformation searchAlternatives evaluationPurchase decisionPost purchase decisionProblem recognition is the phase where the customer recognizes the necessity of a product and a service
Information search is the step where the customer gathers information to make a purchase.
Alternatives evaluation includes comparison where the customers weigh choices and alternatives.
Purchase decision involves the making of actual decision.
Post purchase decision is the step which reflects on the purchases made.
Consumer purchase decision process helps in determining which product fits the best according to the customer needs.
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in the integrative negotiation process, when creating and claiming value, the goal is to push the potential negotiation solutions to the pareto efficient frontier. which of the following describes the pareto efficient frontier?
A statement which describes the Pareto efficient frontier is: B. the point where there is no agreement that would make any party better off without decreasing the outcomes to any other party.
What is the Pareto efficient frontier?Pareto efficient frontier is also referred to as Pareto efficiency or Pareto optimality which was named after Vilfredo Pareto and it can be defined as an economic system in which no additional changes can make a person (party) better off without making at least one person (party) worse off.
This ultimately implies that, when there's a maximum level of efficiency in the allocation of goods and resources in an economy and no further changes can be made without making at least one person (party) worse off. Thus, the Pareto efficient frontier can only exist in theory but not in reality.
In this context, we can reasonably infer and logically deduce that the point where there isn't an agreement that would make any person (party) better off without decreasing the outcomes to any other person (party) best describes the Pareto efficient frontier.
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Complete Question:
In the integrative negotiation process, when creating and claiming value, the goal is to push the potential negotiation solutions to the Pareto efficient frontier. Which of the following describes the Pareto efficient frontier?
A. the point where the negotiations are entering the closing offer stage
B. the point where there is no agreement that would make any party better off without decreasing the outcomes to any other party
C. the point where the negotiations are entering new areas not previously discussed
D. the point where one party is clearly winning the negotiations
interest rates are important to financial institutions since an interest rate increase the cost of acquiring funds and the income from assets.
Interest rates are important to financial institutions since an interest rate increase the cost of acquiring funds and increases the income from assets. The amount of interest due every period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate (called the principal sum).
The annual interest rate is the rate over a one-year period. Other interest rates are applicable over different time periods, such as a month or a day, but they are typically annualized. The interest rate is defined as "an index of the preference for a dollar of present [income] over a dollar of future [income]."
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assme a sales price per unit of $10, variance cost $6 and total fixd cost $134400 break even points in units
Break even point in units is 33600$
It is calculated as follows:
Total FC/ unit contribution
Here Total FC is 134400
and unit Contribution is calculated as Sales price- variable cost
Therefore:
$134400/($10 - $6) = 33600 $
The breakeven point or the break-even price for a trade and investment is determined by comparing the market price of an asset to the original cost of the product.
The breakeven point is always reached when the two prices are equal.
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Sam is purchasing 800 shares of rpt, inc. , stock at a price per share of $24. 50. What is the minimum amount the federal reserve will require sam to pay in cash for this purchase?
The minimum amount which the federal reserve will require sam to pay in cash for the particular purchase will be 9,800$.
A bank's reserves are calculated by multiplying the reserve ratio by the sum of its deposited funds. For instance, if a bank's required reserve is 10%, multiply $500 million in deposits by 0.10. The bank must have a $50 million minimum reserve.
Owning stock in a Federal Reserve bank is different from owning publicly traded stock, though. You cannot trade or sell stock. Holding this stock has no effect on the relevant Federal Reserve bank; instead, member banks receive an annual dividend of 6% on their stock.
Sam is paying $24.50 per share for 800 shares of rpt, Inc. stock. Consequently, the Federal Reserve will need a minimum cash payment
= 0.50×800×24.50.
=9,800$
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Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting?
The statement Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting is True.
What is management?Management can be defined as the process of running the day to day operation or activities of a business which in turn can tend to lead to smooth running of a business.
To effectively run a business, a manager can tend to make use of the managerial functions which are:
PlanningLeadingCoordinatingControllingThe above managerial functions are essential or important to day to day running of a business which is why it is of necessity that managers that want to succeed in their job position to make use of this functions.
Therefore the statement Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting is True.
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The complete question is:
Management is about is about order and consistency and as such, focuses on planning, organizing, controlling, staffing and budgeting? True/False
A promising way for audiences to know you understand them is through top-funnel content that moves them away from? obstacles frustrations boredom anger high costs
A promising way for audiences to know that you understand them is through top-funnel content which moves them away from obstacles frustrations.
Top-funnel content is content which does not try to sell the audience on a product or service, but instead it helps, educates, and answers the common questions or pain points.
So top of the funnel is referred to as the marketing activities which is thus carried out mainly to create an awareness about a brand or product. Through this, audiences can know you understand them and which moves them away from any such obstacles frustrations which might be an obstacle for a customer purchase.
Hence, option A is correct.
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Are corporations obligated to pursue the interests of shareholders, perhaps at the expense of other stakeholders?
Are corporations obligated to pursue the pastimes of shareholders, perhaps at the price of different stakeholders: A shareholder owns part of an organization thru stock possession.
A corporation is a commercial enterprise diagnosed with the aid of the state as a prison entity that breaks away from its proprietors (additionally referred to as shareholders). An employer may be owned by using individuals and/or different entities, and possession is easily transferable thru the buying and selling of inventory.
A corporation is a form of commercial enterprise employer that doubles as a separate felony entity from its owners. All agencies are businesses, but no longer all organizations are always corporations. An employer exists as an independent felony entity that breaks away from its proprietors. it is able to own assets and debts and has the rights of an individual. An enterprise protects its owners from personal legal responsibility to the money owed and responsibilities of the organization.
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As the owner of a hotel, you have decided to lower the price for all rooms in the month of october. what should you expect to happen?
As the owner of a hotel, you have decided to lower the price for all rooms in the month of October. As the price is lowered, the quantity demanded of rooms will increase.
This is further explained below.
What is the price?Generally, A price is the amount of money or other kinds of remuneration that one party offers to another in exchange for the provision of products or services.
There are various contexts in which a different term is used to refer to the cost of manufacturing.
In conclusion, You are the proprietor of a hotel, and you have made the decision to reduce the cost of each room for the month of October.
As the price is brought down, there will be an increase in the number of rooms that are requested.
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True or False? Hard skills will get you the job, but soft skills will allow you to keep the job.
The statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.
What is hard skills and soft skills?Hard skills can be defined as the skills your possess which are the one you have as a result of been educated and the skills you possess as a result of the experience you have gain.
On the other hand Soft skills can be defined as inbuilt skills you possess that can enables you to succeed at your workplace and this skills includes the way you communicate and interact with people at your place of work.
Therefore the statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.
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An organization has a main office and three satellite locations. data specific to each location is stored locally in which configuration?
The corporation has a primary workplace and 3 satellite tv for pc places. facts precise to every location is saved regionally in configuration Shared.
The definition of location is the location where something is or wherein something is going on. An example of a region is the teaching station. a place marked off or specified for a particular cause. (movie) an outside set or putting, away from the studio, wherein scenes are filmed.
Herbal location approaches the vicinity of these channels, swales, and other nonmanmade conveyance structures as described by way of the first documented topographic contours existing for the challenge belongings, either from maps or pictures, or such different approaches as suitable.
Turning off the location provider on your smartphone can help hide your area. that is critical if you don't need third parties' understanding wherein you're or being able to track your motion. but, a smartphone can nonetheless be tracked via different techniques that screen its general vicinity.
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anyone in the country can form a business and start selling products or services as a sole proprietor.
Everybody in us can shape an enterprise and begin selling services or products as a sole proprietor. proper A limited legal responsibility employer (LLC) is a prison commercial enterprise entity fashioned thru your nation. It consists of one or more proprietors called participants.
A sole proprietorship, also known as a sole tradership, person entrepreneurship, or proprietorship, is a form of agency owned and run by one individual in which there's no prison difference between the proprietor and the enterprise entity. A sole trader does not always work on her own and might employ different humans.
A sole proprietorship is a business that may be owned and managed by way of a character, an organization or a confined liability partnership. There aren't any partners within the commercial enterprise. The criminal reputation of a sole proprietorship may be described as follows: It is not a separate criminal entity from the business proprietor. However, the business proprietor is individually responsible for all debts incurred by way of the business." Examples of sole proprietors encompass small organizations which include, a nearby grocery keep, a neighborhood clothes keep, an artist, a freelance creator, an IT representative, a freelance photo designer, and many others.
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decision point: do you know the sections of the business plan? think you've got a good grasp of the sections of a business plan? drag each description into the correct section of the business plan. once you have categorized all the items, click submit.
High-level description of the company, including the mission statement, the address, and the main personnel - Company Overview
How to illustrate the information?Market Research provides in-depth analysis of the industry, competitors, target market, and legal requirements.
An explanation of your customer identification process and marketing strategy - Marketing and sales
Financial Projections: An explanation of how your company will fulfill its financial responsibilities and keep a healthy cash flow
A succinct, appealing introduction of your company, its clients, and how you contribute to its success - Executive Summary
A description of your goods and services, how they will satisfy client needs, and advantages over similar offerings from rival businesses - Goods and Services
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the new cereal product development team included a project manager located at headquarters in chicago, a marketing specialist in the los angeles office, and a research and development (r
The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development team in Kansas are Self-directed work groups and virtual teams.
In addition to creating better jobs, development is important for the country as it improves the economy and trade. As the country develops, more and more international companies are settling in and trading with other countries. This will further improve the country's economy and further increase the supply of good jobs.
Level of Development (LOD) is a concept that has different definitions and implementations. The core of the concept is that development status defines the content and reliability of her BIM elements at various stages or milestones. "Content" means geometric information, structured data, and linked documents.
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In the information value chain presented in the book, what precedes the collection of data?
In the information value chain presented in the book, what precedes the collection of data Business Event.
What is Business ?
A business is a group of people or an inventive entity that engages in industrial, commercial, or professional activities. Companies can be either for-profit businesses or nonprofit organisations. There are many different sorts of businesses, including corporations, partnerships, limited liability companies, and sole proprietorships. One excellent example of a business is farming. An example of commerce is the sale of a home.
Therefore,
What comes before the data gathering Business Event in the information value chain shown in the book.
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rachel works in a bank. she wants to present the idea of implementing an is to the management. how should rachel describe the is to convince the manag
Rachel wishes to suggest that her management deploy the information system, she should explain the advantages that the system would provide. This system will be made out of already-existing resources including people, technology, software, storage devices for data, etc.
How would you define data processing?Data processing is the process of transforming raw data into useful information that can be used for decision making. This may involve performing such activities as cleaning, formatting, and organizing data; extracting specific information; or analyzing it to produce results. It may also include the creation of reports or dashboards based on this processed data.
Data processing can take place in a variety of different environments, including business applications, financial systems, customer databases, machine learning algorithms, and social networks.
The goal of data processing is ultimately to make use of this information in order to improve business operations or performance.
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a marketer is wondering if environmentally-friendly packaging should be used for the firm's product since it costs more to do so. this ethical question relates to which element of the marketing mix?
A marketer is wondering if environmentally-friendly packaging---as ecologically friendly packaging is more expensive, a marketer wonders if it should be utilised for the firm's product.
This ethical concern is about the product component of the marketing mix.
Marketing:
Marketing is the method of exploring, creating, and delivering value to meet the needs of a target market in the form of goods and services; possibly including the selection of a target audience; the selection of certain attributes or themes to emphasise in advertising; the operation of advertising campaigns; attendance at trade shows and public events; the design of attractive products and packaging for buyers; and the definition of the terms of sale, such as price, discounts, warranty, and return policy.
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which of the following factors influences demand? consumer income prices of complement goods prices of substitute goods number of consumers
Consumer income influence demand.
Income and demand for common commodities are tightly correlated, which means that as income rises, demand will follow suit and vice versa if income falls. For instance, most people consider consumer durables, technology, and leisure services to be standard goods. When it comes to inferior commodities, income and demand are inversely correlated, which means that as income rises, demand declines while income falls, and demand rises. For instance, basic items like bread and rice are frequently of lower quality. An inferior good is one whose demand decreases as wealth increases and vice versa.
In other words, the demand curve moves to the left as income rises.
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1. discuss and explain how international trade in merchandise and services has changed over the past two decades and what the major trends are. what future trends can you speculate about? how might this information be of value to a manager?
Over the past two decades, there has been a steady growth in the exchange of goods and services. The main tendencies that we cannot change are that developed countries trade with other developed countries.
What is Trade?The exchange of products or services on a voluntary basis between various economic players is referred to as a trade. A transaction will only take place if both parties believe it will be in their best interests because the parties are not obligated to trade.
Different settings can give the trade a more precise meaning. When referring to trade in the financial markets, we mean the buying and selling of derivatives, commodities, or securities. International product and service exchanges that are unrestricted by tariffs or other trade barriers are referred to as free trade. A product is considered to be an export when it is sold to a foreign market, and an import when it is purchased from a foreign market.
In addition, there are more regional trade agreements, which implies that nations trade with participants in those agreements. More than half of developing nations' exports are sent to industrialized nations. Managers may find this knowledge beneficial because it enables them to determine who they can trade with and what their nation may have an advantage in.
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davis company produces two hair dryers: regular and deluxe. the company has four activities: machining, engineering, receiving, and inspection. information on these activities and their drivers is given below.
CNC machining Bangalore often refers to one of the numerous reductive procedures that remove material from the workpiece in order to complete the pattern. CNC systems execute the full online CNC machining process using computerized controls, producing components that are consistently reliable. Online CNC machining tools can execute the same set of instructions repeatedly to produce identical parts in small or big quantities.
Nearly every industry and application uses online CNC machining services to produce parts and components. This pertains to the aerospace industry as well as other extremely complicated industries that need extensive machining techniques. This procedure can be applied by manufacturers to substrates like:
composite substanceFoamGlassMetalsPlasticsWoodIn the industrial manufacturing process known as CNC machining, factory equipment and tools are moved according to instructions provided by computer software. From grinders and lathes to mills and routers, a variety of complicated machinery can be operated by the CNC method. Three-dimensional cutting jobs on metal or plastic blocks can be completed with CNC machining using just one set of instructions.
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Marc, a single taxpayer, earns $64,800 in taxable income and $5,480 in interest from an investment in city of birmingham bonds. using the u.s. tax rate schedule for 2021, how much federal tax will he?
Federal Tax = $4,617.50 + (22%*(64800-40125))= $10046
Tax liability is calculated on the taxable income of $64800 using tax rate schedule 2020 for single taxpayer. Interest from an investment in city of Birmingham bonds are not taxable.
Your financial obligation to local, state, and federal governments as well as other taxing bodies is known as your tax liability (e.g., the IRS). You owe your creditor money when you owe taxes. This is a binding debt. Tax obligations can exist for both people and corporations.
The government utilizes tax revenue to pay for administrative and social activities. Retirement and disability benefits, for instance, are paid for by Social Security taxes.
Tax obligations are current obligations. Debts with a one-year payment period are considered current liabilities. In most cases, short-term liabilities result from regular company activities. On your small business balance statement, include tax liabilities alongside other current debts.
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holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to a. shift to the left, causing the prices of carrots to rise b. shift to the left, causing the prices of carrots to fall c. stay the same d. the supply curve does not shift. only t
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to Shift to the left, causing the prices of carrots to rise
The supply curve shifts to the left when the demand remains constant while the supply declines. At the previous equilibrium level, excess demand develops as supply declines. In actuality, there is more rivalry among the consumers, which inevitably drives up the price.
A decline in demand and an increase in supply occur simultaneously with an increase in price. This keeps happening until a fresh equilibrium level is reached. Additionally, the equilibrium quantity decreases while the equilibrium price increases.
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shapiro me, singer ea. perioperative advance directives: do not resuscitate in the operating room. surg clin north am. 2019;99(5):859-865.
It is common for surgeons, anesthesiologists, and nurses to be requested to do surgery on patients who already have a Do Not Resuscitate (DNR) order, which causes uncertainty regarding the best course of action.
We go through why people choose not to try resuscitation, the unique circumstances surrounding the necessity for resuscitation during surgery, and the justifications for suspending or not suspending the DNR order during the perioperative period. The goals of care for a patient and their family should be thoroughly discussed, including DNR. The care team will have a better knowledge of the function of perioperative resuscitation for that specific patient if those aims are crystal obvious to them.
There is a widespread belief that DNR orders must be suspended prior to surgery, and there is anxiety among physicians that operating on a patient who has an active DNR order puts them at danger. For certain patients, there are ethical and clinical justifications to either suspend or not suspend the DNR order during the perioperative phase. Most significantly, these choices should be made in collaboration between the surgeon and the patient, or by surrogate decision-makers.
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when a bank decides whether or not to make a loan to a customer it knows will be unlikely to be able to repay the loan, this is an example of: corporate sustainability initiative an ethical issue social responsibility initiative
When a bank decides whether or not to make a loan to a customer it knows will be unlikely to be able to repay the loan, this is an example of Clarification of "Corporate Governance"
What is Corporate governance?Corporate governance refers to matters about a company's governance; it is a set of guidelines and regulations that govern how a business is run. It entails weighing the company's interests. However, Depending on the writer's objectives defines corporate governance, is described, or characterized in a variety of ways. Writers who are interested in a certain discipline or area frequently use limited definitions that seem purpose-specific.
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