the primary objective of financial accounting information is to provide useful information about economic activity to:multiple choice

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Answer 1

Financial accounting information has the primary objective B. To provide financial statements to help external users analyze and interpret an organization's activities

What is the purpose of financial accounting?

Financial accounting allows for the provision of financial statements that give in-depth details about the affairs of a company.

This is made available to external users who are then able to use this information to interpret the activities of the organization and decide on whether to invest or not.

Options include:

A. To serve the decision-making needs of internal usesB. To provide financial statements to help external users analyze and interpret an organization's activitiesC. To monitor and control company activitiesD. To provide information on both the costs and benefits of managing products and servicesE. To know what, when and how much to produce

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Related Questions

which of the following measures would a president adhering to supply-side economic principles most likely employ during an economic recession?

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A budget that cuts individual and corporate income tax and decreases government regulation of the economy.

A directive from the president to raise the amount of money in circulation. Government efforts to boost productivity and efficiency in the economy are known as supply-side initiatives. If they are successful, they will eventually enable stronger economic development by moving aggregate supply (AS) to the right. According to supply-side economics, a nation's economy will grow if its supply of goods is increased. Practitioners of supply-side fiscal policy frequently concentrate on reducing taxes, bringing down borrowing costs, and industries to encourage increasing production.

Childhood is when political socialization starts. However, more recent research designs have more properly evaluated the strong influence of the media in the process of political socialization. Some research says that family and school teachers are the most influential variables in socializing children.

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__________ refers to an attempt to cause fear or major disruptions in a society through hacking computers. such attacks target government computers, major companies, or key areas of the economy.

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Cyberterrorism refers to an attempt to cause fear or major disruptions in a society through hacking computers.

What is Cyberterrorism?

The use of the Internet to perform violent acts that result in or threaten the loss of life or substantial bodily harm in order to accomplish political or ideological advantages through threat or intimidation is known as cyberterrorism. Acts of intentional, large-scale disruption of computer networks, particularly of personal computers connected to the Internet, using tools such as computer viruses, computer worms, phishing, malicious software, hardware methods, and programming scripts can all be considered forms of internet terrorism.

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Marketing encourages research and ____, the development and spread of new ideas, goods, and services.

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Marketing encourages research and Innovation, the development and spread of new ideas, goods, and services.

What is innovation?

Innovation is nothing but just a process where ideas or inventions are made, which is for goods and services. This is done to create value for which customers will pay.

There are various types of innovations available throughout the world, but for the sake of clarity, they have been classified into four categories: sustaining, breakthrough, disruptive, and basic.

Thus, it is marketing that encourages research and innovation with the help of which the development of new ideas, goods, and services is done and spread out.

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It is common practice today for most small business owners to engage in strategic planning. true false

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Answer:false

Explanation:

In south america and other ldcs with high total fertility rates, farmers engage in slash and burn of the rain forest to?

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In south America and other ldcs with high total fertility rates, farmers engage in slash and burn of the rain forest to increase the area of farming.

What is Deforestation?

Deforestation, often known as forest clearance, refers to the removal of a forest or tree stand from a piece of land before it is put to another use. Forests have been destroyed throughout history and into the present to make room for agriculture, animal grazing, and to obtain wood for construction, manufacture, and fuel. Tropical rainforests see the most severe deforestation. Deforestation is defined by the Food and Agriculture Organization of the United Nations as the conversion of forest to other land uses. Slash-and-burn agriculture is a major contributor to deforestation in the tropics.. In order to enrich the soil for crops, farmers burn enormous tracts of forest using these agricultural practices.

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Why was michael ovitz, a dynamic deal maker, such a bad corporate administrator?

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Michael Steven Ovitz is an American businessman, investor, and philanthropist who previously worked for Disney, as well.

The authenticity paradox could be cited as one of the reasons for the fall of the great superagent, negotiator, and deal maker, Michael Ovitz. It is said people tend to follow leaders who invest in themselves and seem real to others. It is particularly in tune with modern times, i.e. disenchantment of people with politicians and business people, where masses fear being duped by the twin persona of the leaders they follow. Further, the spread of social media has accentuated this phenomenon even more.

Emotional intelligence is yet another important jewel of a leader, lack of it devastates prospects for the future. This is particularly cited in the case of Ovitz as a person-situation or person-position misfit.

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the responsibility for setting a​ company's mission,​ objectives, broad​ strategies, and policies primarily lies with its​ .

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The responsibility for setting a​ company's mission,​ objectives, policies and broad​ strategies primarily lies with its​ top management.

Top management refers to managers which are at the highest levels in a company. So here the mission, strategies, objectives, and policies of the company are established at the top of the firm as the upper management sets the parameters and goals for lower levels in order to support.

In a company, top management is made up of senior-level executives of the company, or those positions that hold the most responsibility. Jobs titles such as Chief Financial Officer (CFO), Chief Executive Officer (CEO), President are commonly used by top managers in a company.

Hence, top management is also sometimes called senior management.

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The difference between bid and ask prices of a currency, or the fee earned by the bank is called the _____.

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The greatest price a buyer will spend on a security is referred to as the bid price. The lowest price a seller will accept for a security is referred to as the "ask price."

A two-way price quotation that represents the best possible price at which a security can be sold and bought at a specific moment is referred to as "bid and ask" (also known as "bid and offer"). A buyer's maximum price that they are willing to pay for a share of stock or other security is represented by the bid price. The least amount a seller will accept for the identical security is represented by the ask price. When a seller is prepared to sell for the highest price or when a buyer is prepared to accept the best offer on the market, a trade or transaction happens.

One important measure of an asset's liquidity is the spread, which is the gap between the ask and bid prices. Liquidity is often better the narrower the spread.

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a firm that wants to measure how effectively and efficiently its managers are using their resources to achieve company goals is measuring .

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A firm that wants to measure how effectively and efficiently its managers are using their resources to achieve company goals is measuring  organization performance.

What is meant by organization performance?

This is the term that is sued to refer to the actual output of a firm tat would be based on the input that is used in that firm. This is actually measured against what was intended to be the output of the firm based on the input used.

Hence we can say that a firm that wants to measure how effectively and efficiently its managers are using their resources to achieve company goals is measuring  organization performance.

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If the coupon interest rate is 4. 375% for the first six months and changes to a rate equal to the 10-year treasury bond rate plus 1. 3% thereafter, the bond is called a bond.

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Floating-rate bond is a bond wherein the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3%.

A floating Rate Bond is a type of bond wherein the rate of interest can fluctuate or change at regular intervals based on the benchmark rate set. In other words, the interest rates may vary throughout the tenure of the bond.

A bond may be defined as a kind of loan/debt security that has a fixed income investment that is made by an investor to a borrower who is usually big corporate houses, government sector, or private banks. The amount that is to be repaid at the maturity period of a bond as well as its interest depends upon the kind of bond issued for a specific period.

Main five types of Bonds are:

SavingsAgencyCorporateTreasuryMunicipal

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use the compound interest​ formulas, and ​, to solve the following problem. find the accumulated value of an investment of for years at an interest rate of if the money is a. compounded​ semiannually; b. compounded​ monthly; c. compounded continuously.

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a. First, when the money is compounded semiannually, the accumulated value (balance) of investment is A=13116.5.

b. Second, when the money is compounded semiannually, the accumulated value (balance) of investment is A=13140.7

c. Third,when the money is compounded semiannually, the accumulated value (balance) of investment is 4.A=13154.4.

d. Last, when the money is compounded semiannually, the accumulated value (balance) of investment is A=13165.3

What is compound interest?

Compound interest is when you receive interest on both your interest income and your savings. Let's imagine you invest $1,000 (your principal) and it earns 5% once a year in interest or profits (the compounding frequency).

Therefore,

a. First, when the money is compounded semiannually, the accumulated value (balance) of investment is A=13116.5.

b. Second, wwhen the money is compounded semiannually, the accumulated value (balance) of investment is A=13140.7

c. Third, when the money is compounded semiannually, the accumulated value (balance) of investmentis 4.A=13154.4.

d. Last, when the money is compounded semiannually, the accumulated value (balance) of investment is A=13165.3

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The __________ industry is the most prominent example of a nongovernmental entity that has had a significant impact on fire prevention through the development of regulations.

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The Insurance industry is the most prominent example of a nongovernmental entity that has had a significant impact on fire prevention through the development of regulations.

Life Insurance Corporation (LIC) is the only company in the public sector that provides life insurance. In the non-life insurance sector, there are six public sector insurers. In addition to these, General Insurance Corporation of India is the only national re-insurer (GIC Re).

Its goal is to lessen monetary uncertainty and manage accidental loss. This is accomplished by exchanging the payment of a small, predetermined fee—an insurance premium—to a reputable insurer for the assumption of the risk of a sizable loss and a promise to make payments in the event of such a loss.

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An increase in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on treasury securities, everything else held constant.

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An increase in the riskiness of corporate bonds will decrease the yield on corporate bonds and increase the yield on Treasury securities, with everything else held constant. The correct answer is option(d).

A corporation may issue a bond known as a "corporate bond" to raise funds for a variety of uses, including ongoing operations, mergers, and acquisitions, or business growth. It typically refers to debt instruments that are longer-term in nature and have a minimum one-year maturity.

In place of taxes, the United States Department of the Treasury issues United States Treasury securities, also referred to as Treasuries or Treasurys, to fund government spending. Because they are backed by the full faith and credit of the US government, Treasury securities are among the safest investments. Revenue from Treasury securities may be exempt from local and state taxes but not from federal taxes.

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The complete question is:

A increase in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant.

A) increase; increase

B) decrease; decrease

C) increase; decrease

D) decrease; increase

Wal-mart is famous for requesting ever lower price points from its suppliers: if a supplier offers a product for $45.00, wal-mart will ask the supplier to consider introducing a similar product for $39.00. according to the heckscher-ohlin factor theory, which consequences do such requests have?

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cheaper made things

when there is an increase in the price of grapefruit juice, total producer surplus in the orange juice market: a will remain the same. b will be eliminated. c will decrease. d will increase. e may change but we can't tell how.

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there is an increase in the price of grapefruit juice, total producer surplus in the orange juice market: will increase.

The oxidation and colour changes, or the appearance of off-flavours and off-odors, caused by microbial growth and the accompanying metabolism of the product, are caused by orange juice spoiling bacteria and yeast.

Orange juice is the most common juice produced by the global juice business and is consumed in many nations in reasonably large amounts. Fruit juices were first created as a way to consume the excess fresh fruit supply, but now many regions cultivate fruits specifically for juicing.

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baldani manufacturing, an italian firm, plans to expand into asia. in order to take advantage of regional trading groups, baldani will most likely need to change its .

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To be able to take advantage of regional trading groups, Baldini will probably have to change its operating strategies.

What are operating strategies?

These refer to the way that a company operates in the different places that it has operations in. It involves the company's modus operandi, and the partnerships it forms to make more trades.

Baldini will have to change its operating strategies such that it can get a better partnership with regional trading groups that it can use to expand in Asia.

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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 _______.

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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, Eaton's customers tried to cut costs and lower their production. This in turn affected eatons sales negatively, which is an example for solutions selling.

From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest economic crisis recession since warfare II. It absolutely was also the longest, lasting eighteen months.

The per centum quite doubled, from 5 percent to 10 percent. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic economic crisis subprime mortgages — led to the slump. The good Recession's legacy includes new financial regulations and an activist Fed.

Of 198 Countries, compared to the proportion change in GDP between 2007 and 2009, the foremost impacted countries are predominantly Eastern European and trade-dependent economic crisis advanced economies. One of the foremost visible aspects of the recession, job losses and unemployment are known to be related to increased stress, poorer health outcomes.

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a gain from the sale of equipment would be (added/subtracted) to (from) net income, when computing cash flows from operations using the indirect method.

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Gains from operating operations that raise net income but do not result in cash receipts must be deducted from net income when converting to a cash basis.

What is net income?
Net income (NI)
, also known as net earnings, is calculated by deducting sales from cost of goods sold, selling, general and administration costs, operating expenses, depreciation, interest, taxes, and other expenses. This number can be used by investors to calculate how much a company's revenue exceeds its expenses. This number can be found on the income statement and serves as a gauge of a business' profitability. Net income is the amount of money that an individual has left over after taxes and other expenses.

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on your camping trip, you had planned to sleep out under the stars but it began to rain. marketers might say you have a(n) blank to sleep in your tent instead.

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On your camping trip, you had planned to sleep out under the stars but it began to rain, marketers might say you have a desire blank to sleep in your tent instead.

Define Marketers.

To maximize revenues for the business, marketers are in charge of creating and implementing plans to promote brands, goods, and services. They create price strategies, advertising campaigns, and trend monitoring. They keep an eye on market trends, design advertising campaigns, devise pricing and positioning strategy based on demographic information, and collaborate with the business to raise awareness of what they have to offer, according to the Department of Labor (BLS). Jobs in advertising can be found in marketing research companies, media outlets, corporate businesses' advertising divisions, advertising agencies, and nonprofit organizations. Accounting, creative, media, and analysis are the four main professional pathways in the advertising industry.

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when a company declares and then pays shareholders a dividend on the same date, what is the effect on the accounting equation for that company?multiple choice

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A declaration on dividend distribution that is made by the board of directors is known as a dividend declared. The dividend's accounting impact is preserved, but the company's earnings balance is decreased.

A firm's stockholders' equity is reduced when it pays cash dividends to its shareholders; however, the impact of dividends varies based on the type of dividends a company pays. Cash dividends have a greater impact on stockholder equity than stock declaration distributions do.

A corporation will pay a dividend to its shareholders when business is good and it wants to thank them for their investment. A dividend is a payment made by a corporation to its shareholders out of its declaration earnings. Dividends are paid out in the form of cash or extra shares, and they provide a useful channel for businesses to showcase their financial health and profitability to the wider business community.

Investors generally like dividend-paying stocks, so many businesses take satisfaction in distributing regular dividends that keep rising year after year. Dividend payments not only reward current shareholders but also entice new investors to buy stock in a profitable business.

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your company’s events committee learned that there is a 20% chance of rain on the day of the company picnic. that also means an 80% chance of dry weather. renting an indoor facility would require a nonrefundable payment of $1,000. the events committee is operating under a as it decides whether to keep the outside location or to move the event indoors. tito often makes decisions based on ; he decides quickly, effortlessly, and based on his past experiences.

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The day of the corporate picnic has a 20% probability of rain, your firm's activities committee has learnt. That implies an 80% likelihood of dry weather. A $1,000 non-refundable deposit would be required to rent an indoor facility state of risk. The decision-making process by the events committee to maintain the event outside or shift it indoors is fraught with risk.

We want to make sure that your opinions and expertise are included because the state of risk research is crucial to the success of our report. By taking a few minutes to offer your ideas later this year during our survey, you can help us deliver the greatest information on how firms manage risk.

Before the results are made public, we will give you access to the full State of Risk report, replete with conclusions and suggestions.

Fill out the form on the right to be added to our 2023 State of Risk survey, and we will be in touch with you soon.

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Which is the most important predictor of job satisfaction and employee well-being?

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The most important predictor of the job satisfaction is salary.

What is job-satisfaction?

The job satisfaction is a term that defines that how much the employees satisfy from their job.

The factor that predicts the job satisfaction and employee well-being is salary of the employees. It is the most important for the employees because it is help them to fulfill their basic needs. The amount of the salary determines whether the employee is satisfied from his job or not. If an employee gets good and reasonable salary, then the employee is completely satisfied from the job on the other hand, if the salary of the employee is low then the employee is not satisfied from this job. The salary is also, work towards the employee well-being of the employee because a good salary benefits employee is many ways.

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Which account would be credited when closing the account for fees earned for the year?

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Income summary account would be credited when closing the account for fees earned for the year.

Income summary account reflects all the temporary accounts of a business received upon closing them at the end of every accounting period. It consists of all income statement revenue and expense accounts transferred at the end of an accounting period. The net amount into the income summary account is equal to the net profit or loss that the business incurred during the period.

The income summary account summarizes income and expenses arising from operating and non-operating activities. Thus, it is also termed as a revenue or expense summary account. In all, it is an intermediate account with the balances of the revenue and expenses.

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Hussain works for a ride-sharing company and a food delivery company. he decides what days he wants to work and how many hours. hussain would be classified as a(n):______.

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Hussain works for a ride-sharing company and a food delivery company. he decides what days he wants to work and how many hours. Hussain would be classified as a(n): Gig worker

This is further explained below.

What is a Gig worker?

Generally, People who work as independent contractors or freelancers on a temporary basis, often in the service industry, are referred to as gig workers.

Gig workers are distinct from those who are employed full time in that they are their own employers, choose their own working hours, and choose the projects on which they will take part, among other things.

Hussain is an example of a gig worker since he works for a food delivery business as well as a ride-sharing firm, and he determines his own working hours for each of these companies.

In conclusion, Hussain is employed by two different companies: one that provides ridesharing services and the other delivers meals.

He chooses the days of the week on which he will work and the number of hours he will put in. In this case, Hussain would be referred as a "Gig worker."

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complete question

Hussain works for a ride-sharing company and a food delivery company. He decides what days he wants to work and how many hours. Hussain would be classified as a(n)

a. gig worker.

b. temporary workers.

c. on-call workers.

d. independent contractor.

e. contract workers

austin land company sold land for $58,700 in cash. the land was originally purchased for $34,110. at the time of the sale, $12,630 was still owed to regions bank. after the sale, austin land company paid off the loan. explain the effect of the sale and the payoff of the loan on the accounting equation. enter all dollar amounts as positive numbers.

Answers

Total assets decrease $24,590 (Cash increases by $34,110: Land decreases by $58,700)

Total liabilities decrease $12,630 (Loan payoff to Regions Bank)

Stockholders' equity increases $24,590 (Sales price − Cost of the land)

Explain the effect of the sale and the payoff of the loan on the accounting equation ?

Companies use a combination of debt and equity to fund their operations. The conditions and sums of these loans and capital contributions have an impact on the company's health and financial standing.

The accounting equation, which derives from accounting rules, asserts that a company's total assets are equal to the total of its liabilities and equity contributions on the balance sheet.

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How is an ethical situation different from an everyday problem?

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An ethical situation isn't the same as an everyday hassle: ethical problems occur whilst a given decision, state of affairs, or interest creates a battle with a society's ethical principles. each individual and corporation can be worried in those conflicts in view that any in their sports is probably positioned into question from a moral point of view.

Ethical situations, additionally known as ethical paradoxes or moral dilemmas, are situations wherein an agent stands under two conflicting ethical necessities, none of which overrides the other. An intently related definition characterizes moral dilemmas as situations wherein every available desire is incorrect.

Some examples of ethical situations and ethical predicaments include: Taking credit scores for others' work. offering a patron a worse product for your very own profit. making use of internal expertise for your very own profit.

Ethical situations are conditions in which there may be a hard preference to be made among or greater options, neither of which resolves the situation in a manner that is steady with regularly occurring moral guidelines.

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When the interest rate is lower than the coupon rate on a bond, the price of the bond will be?

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the interest rate is lower than the coupon rate on a bond, the price of the bond will be Higher then face value.

The face value of some equities may be more than the market value. When a stock's market value exceeds its face value, as in the example given above, it is said to be trading at a premium or above par. It is a premium if a stock having a face value of Rs. 10 is trading for Rs. 25.

4,600 of the 5,228 listed equities have a face value of 10 rupees. To put it another way, one in ten equities have a face value of less than ten rupees. So it comes as no surprise.

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hayagreeva rao's work is a warning to us all that market rebels inevitably undermine innovative ideas

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The work of Hayagreeva Rao serves as a reminder to us all that both positive and negative market rebels inevitably undermine novel ideas.

What are a cool mobilization and a market rebel?

They are teams of people that work together to influence markets through emotive hot causes and rational cool mobilization to help members realize their shared identities. Successful innovation leaders are more likely to be executives who are familiar with the characteristics and methods of market rebels.

Deaf rights organizations were responsible for the cool mobilization. To get people's attention, they employed unconventional methods such mime performances showing French doctors operating on toddlers covered in blood.

By taking advantage of hot causes and cool mobilization in many of the markets that have an impact on our daily lives, market rebels can produce or break radical innovations by banding together.

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Three criteria for designing distribution networks to meet customer expectations are:_________

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Rapid response, product selection, and service are three factors to consider when constructing distribution networks to satisfy client expectations.

What Is a Distribution Network?

A distribution network in a supply chain is a connected structure of warehouses and transportation hubs that receive inventories of goods before shipping them to customers.It serves as a connecting point between the maker and the final consumer, either directly or via a retail network.In today's instant gratification consumer society, a quick and reliable distribution network is crucial.Two of the most crucial components of a distribution network are its proximity to the client and the calibre of its infrastructure.Different kinds of distribution networks, such hub-and-spoke or decentralised ones, are more effective for specific kinds of products.

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if 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? what is this total amount expressed on a per unit basis?

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If 12,500 units are produced $58,750 of manufacturing overhead cost incurred to support this level of production $4.70 is the total amount expressed on a per unit basis.

More about manufacturing overhead cost:

All ancillary expenses incurred throughout the production process are referred to as manufacturing overhead. Units created within an accounting periods are subject to this overhead.

All marketing and management activities are not included in manufacturing overhead. As a result, expenses related to corporate salaries, legal and audit fees, and bad debts are excluded from manufacturing overhead.

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what sociological paradigm best fits the following statement: society is the product of everyday human interaction and negotiation The end of the film includes interviews with several elite athletes. List at least 3 of the benefits of a vegan diet that these elite athletes say theyve experienced. OSTATISTICSChoosing the best measure to describe dataAnswer the questions below.(a) The 10 members of the swim team completed the following numbers of laps at today's practice:76, 77, 78, 79, 82, 83, 86, 87, 89, 91.Which measure should be used to summarize the data?MeanO MedianO Mode(b) Lucy has recorded the number of miles she has driven for each of the last 9 weeks:126, 380, 383, 385, 386, 396, 398, 404, 419.Which measure should be used to summarize the data?MeanMedianO Mode(c) A reporter has recorded the rating (G, PG, PG-13, or R) of each movie played in a theater over thepast year.Which measure gives the most common rating?O MeanMedianO ModeS Price+is+ten+times+pgi,+there+are+10%+vacancies,+operating+expenses+are+40%+of+egi.+you+are+financing+50%+of+the+purchase+price,+and+the+dscr+equals+exactly+2.+what+is+the+equity+dividend+rate+(edr)? The autonomic nervous system works to monitor processes such as breathing, heart rate, and digestion. the _____ nervous system is a subsystem within the autonomic system that calms the body. Select the correct answer.What is the purpose of the Sherman Antitrust Act?A. to break up monopolies in the marketB. to limit the pollution caused by factoriesC. to stop the illegal sale of nonprescription drugsD. to regulate the resources invested in national security Referring to the figure, what is the area of the trapezoid shown? a. 114 in2 c. 528 in2 b. 15.5 in2 d. 228 in2 Immediacyafar was at a party where he met marie and was attracted to her. during their conversation, he determined that marie felt the same way because she displayed which nonverbal cue? Ajax corp's sales last year were $525,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? What evidence have you collected about the age of the crust along mid-ocean ridges and ocean trenches? Compare and contrast the two dot plots shown before liquidating during a bankruptcy, a company will take several actions to try to satisfy its stakeholders. when forming a semisolid gel such as gelatin, what type of molecule does the process of protein coagulation entrap? Which surgical settings are preferred sites for a patient who needs cataract surgery? 10 POINTSWhich percent of Earths atmosphere does carbon dioxide gas make up?(1 point)about 78 percentless than 1 percentabout 21 percentmore than 99 percent At what points will the line y = x intersect the unit circle x2 y2 = 1? smaller value and larger value which of the following is a limited and non-gui version of windows based on windows 10 technologies that can be used for installing, troubleshooting, and repairing windows 10? the university of kingston has hired you to install a private area network for its campus so that students and teachers from various departments can exchange data among themselves. which of the following network models would be best suited for such an institution? What do you hope to get out this course natural science please help meee!!!!!