The primary reason for not considering shutting down the project is called: escalation. The process of increasing or rising is known as escalation.
What is escalation ?Escalation in project management refers to an expected increase in uncommitted costs of resources (labour, materials, and equipment) over time as a result of decreased purchasing power of money.
An escalation is defined by the dictionary as an increase in intensity or extent, or an increase to compensate for a perceived disparity. The process of resolving problems or issues can also be referred to as escalation. The Project Manager is in charge of ensuring that the project team members meet milestones and finish the project.
The Project Manager collaborates with the team to develop the Project Plan and manages the team's performance of project tasks. It is also the Project Manager's responsibility to obtain acceptance and approval of deliverables from the Project Sponsor and Stakeholders.
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suppose that a fifteen-year-old signs up for fan duel, one of the fantasy sports companies mentioned in this video. in doing so, he accepts the company's terms and conditions, which amounts to signing a contract. the teenager then runs up a $5,000 gambling debt with fan duel. which legal concept explains why the teenager will not be responsible for paying the $5,000 debt to fan duel?
The legal concept that explains why the teenager will not be responsible for paying the $5,000 debt to fan duel is that the contract is voidable because the teenager is a minor.
What is debt?
Debt is an obligation that forces one party, called debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed repayment, or series of payments, as opposed to an immediate purchase. A federal state or country, a local government, a firm, or an individual may owe the obligation. Commercial debt is typically subject to contractual provisions governing the quantity and timing of principle and interest repayments. Debt includes loans, bonds, banknotes, and mortgages. Debt, as opposed to equity, is a form of financial transaction in financial accounting. The phrase could also be used figuratively to refer to moral duties and other non-monetary exchanges.
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find the present value of $800 due in the future under each of these conditions: 12% nominal rate, semiannual compounding, discounted back 7 years. do not round intermediate calculations. round your answer to the nearest cent. $ 12% nominal rate, quarterly compounding, discounted back 7 years. do not round intermediate calculations. round your answer to the nearest cent. $ 12% nominal rate, monthly compounding, discounted back 1 year. do not round intermediate calculations. round your answer to the nearest cent. $ why do the differences in the pvs occur?
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
How is future worth determined?Future value is emphasized by both investors and financial planners because it enables them to predict how much an investment will be valued in the future. Based on their financial goals, it helps investors make wise financial decisions.
FV examples : Future value is the amount of money that, with time and an interest rate, is invested now and will eventually become.
Future value:$800 (US dollars)
interest rate: 12 %
interest periods: 7 years
Result
present value | $346.81 (US dollars)
Equation
FV = PV (1 + i/12)^(12 n) |
PV | present value
FV | future value
i | interest rate
n | interest periods
(assumes finite compounding).
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which career worker installs, maintains, and repairs equipment used for communication? select all that apply. printing technology printing press operator
Electronic Home Entertainment Equipment Installer and Telecommunication is the career worker installs, maintains, and repairs equipment used for communication.
Who is equipment installer?The installation and assembly of a piece of equipment are the responsibility of an equipment installer, who might work in many different industries. It refers to all procedures required to fasten the equipment to the structure, including but not limited to bolting and welding.
Telecom technicians are a common term for those who install telecommunications equipment. These experts have hardware knowledge in the areas of phones and the internet, so they can set up the systems for these resources and maintain them once they are in place. Installing communication systems for private clients may be the responsibility of telecom experts working for a business or in the commercial sector.
The correct question is:
Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.
Printing Technology
Printing Press Operator
Electronic Home Entertainment Equipment Installer
Journalism and Broadcasting
Telecommunications
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north carolina national bank (ncnb) used its unique core competency of identifying, appraising, and integrating acquisition targets to be rebranded as bank of america, one of the largest banks in the united states. this is an example of a firm
One of the largest banks in the united states. This is an example of firm leveraging existing core competencies to improve its current market position.
Competence is the ability to apply or use the relevant set of knowledge, skills and competencies necessary to successfully perform a "critical work function" or task in a defined work environment.
Competence: The knowledge, behavior, attitudes, or even skills that lead to the ability to do something successfully or efficiently. The ability to make business decisions becomes a competency. Skills: Skills acquired and applied to effectively use one's knowledge in execution or performance.
Core competencies also called "core qualifications", are a list of qualifications required for a job. The Core Competencies section includes your skills, qualifications, knowledge of various software products, or personality traits that make you a desirable candidate.
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regarding portfolio investments, which types of income generally are taxed at a rate lower than the taxpayer's marginal tax rate? (check all that apply.) multiple select question. qualified dividends interest on corporate bonds nonqualified dividends short-term capital gains long-term capital gains
Regarding portfolio investments, qualified dividends types of income generally are taxed at a rate lower than the taxpayer's marginal tax rate. Option A
This is further explained below.
What are qualified dividends?Generally, According to the United States Internal Revenue Code, qualified dividends are ordinary dividends that satisfy certain requirements to be taxed at the lower long-term capital gains rate as opposed to the higher tax rate for an individual's regular income.
Ordinary dividends may be either qualified or nonqualified, depending on the recipient's tax situation.
The most notable distinction between the two is that nonqualified dividends are subject to taxation at the same rates as ordinary income, whilst qualified dividends are given a more advantageous tax status by being subject to taxation at the same rates as capital gains.
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because information is costly to acquire, group of answer choices people will rationally choose not to become fully informed when making decisions. people will generally choose to become as fully informed as possible when making decisions. people will generally choose to acquire no information that would be relevant to their decisions. none of the above are true.
Because information is costly to acquire, people will rationally choose not to become fully informed when making decisions.
A major number of people do not like to spend money on information and other matters which they deem to be mere and petty. Their rational mind does not let them spend money on costly information.
Thus, due to the cost, many times, people make their decisions based on only assumptions. They do not want to acquire information because of the high price and thus make up their minds based on their own opinions or ideas about a particular subject.
They would never choose to pay the price and become fully informed about a topic before deciding on that subject.
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the following operation benefits from appreciation of the firm's local currency: a. borrowing in a foreign currency and converting the funds to the local currency prior to the appreciation b. receiving earnings dividends from foreign subsidiaries c. purchasing supplies locally rather than overseas d. exporting to foreign countries
Option a. borrowing in a foreign currency and converting the funds to the local currency prior to the appreciation benefits from appreciation of the firm's local currency.
A foreign currency is the currency utilized by a foreign u . s . a . as its diagnosed form of monetary alternate. This particular forex is the most effective form of alternate that the relevant authorities lets in for use for getting and selling inside its borders
To favor the trade of budget among unique countries; we can locate nations with excess liquidity and others that need liquidity. To finance worldwide trade, whose transactions constitute a enormous part of the foreign money market.
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magine that instead of hiring each assistant right away in the hiring assistant problem, we wait until the end to hire the best one. what are the best- , worst-, and average-case costs in this case? explain
An algorithm's running time is typically analyzed using probabilistic analysis. Simply put, probabilistic analysis is the application of probability to problem solving.
What is the issue with hiring?
In the analysis of algorithms, a well-known decision-making issue is the hiring issue. An effective algorithm for selecting the best candidate from a list of n candidates is developed to solve the issue.
Write the hiring problem using a random algorithm.
If a random number generator's values partly determine an algorithm's behavior, it is randomized.This necessitates a modification to the hiring issue scenario:The employment agency provides us with a list of n candidates in advance and lets us select the order in which we want to interview them.We select at random.
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on march 1st of the current year, julio company purchased equipment for $120,000. the residual value of the equipment is $70,000 and the estimated useful life is 12 years. (round to the nearest $)what is the net book value of the equipment at the end of the current year (12/31)?
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. Depreciation shows how much of an asset's value has been used.
It enables businesses to purchase assets over a predetermined time and generate income from those assets. The formula for calculating depreciation
(Cost-Residual Value)/ Estimated Life in Units= Depreciation expense per unit
=($120000-$70000)/12= $4167 (Approx)
The income statement for practically every business includes depreciation. Since it is recorded as an expense, it should be considered anytime an item is calculated for year-end tax purposes or to assess whether it is still viable for liquidation.
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all of the following are reasons companies use promotion except multiple choice stabilize sales. stimulate demand. make customers forget about other products. inform customers. reinforce customers.
The reasons companies use promotion are the following except to make customers forget about other products (option C)
What is a promotion?Generally, The term "promotion" encompasses a wide range of activities with the goal of bringing more attention to a product or furthering its standing in the market.
When discussing a person's employment history, the phrase "promotion" refers to the process of elevating an employee's rank or position within a hierarchical structure.
The primary objective of promotion is to raise consumers' awareness of the presence of items and their respective locations in the market.
Promotion may also be used to convince consumers that the product is superior to similar items offered by competitors and to remind them of the reasons they would want to make a purchase.
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a northeast airlines gate agent, betnijah gray, gives out seat assignments to ticketed passengers. she takes an average of 50 seconds per passenger and is rated 110% in performance. how long should a typical agent be expected to take to make seat assignments? [px]
The Northeast Airlines gate agent Gray distributes seat assignments to ticket holders. She has a performance rating of 110% and averages 50 seconds per passenger. how long should an average agent be given to allocate seats?
The usual fare for a Lofty Airlines flight is $200, while the per-passenger variable cost is $50. In an effort to fill the final 30 available seats on Northeast Airlines, Lofty provides standby passengers with a 50% discount on tickets.
Each possible configuration of the passenger seats can be represented by a permutation of the numbers between 1 and N. We can claim that the "proper" approach is A = 12345N. (each passenger in their designated seat). Consequently, the first person on the seat 1; occupant of seat 2; etc. Northeast Airlines must determine which of the N! total permutations places each number in a different position than in A. When N=4 passengers, one permutation in which no individual is seated in his or her assigned seat is 2413.
As we can put any integer in the first seat but not 1, there are (N-1) alternatives. We can therefore put (N-2) potential numbers in the second seat since neither 2 nor the number can be seated in the first one. This line of thinking will result in (N-1)! permutations where none of the passengers are sitting in their assigned seats.
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which statement below is most true? projects ensure the right projects are done. project management, projects, programs, and portfolios are in place to support the strategic business goals of the organization. projects, programs, and portfolios are responsible for outputs and deliverables. portfolio managers ensure the program components are delivered in a coordinated and complimentary manner.
Project management, programs, and portfolios are in place to support the strategic business goals of the organization is the most true statement.
The best way to explain the connection between project management, program, and portfolio management is as follows: A project is a brief undertaking made by a business or organization A program is a collection of projects that are linked or comparable to one another and are frequently handled and directed collectively rather than separately. A portfolio is a collection of various initiatives and/or projects carried out by the same company, whether or not they are related to one another.
It is crucial for project management, and portfolio managers within an organization to comprehend one another's contributions to the accomplishment of a strategic goal in order to be effective. Without this comprehension, there can be unneeded uncertainty and misunderstandings that could cause an initiative to fail before it even gets off the ground.
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in bos, by reducing or eliminating some strategy factors, you can: a. reduce costs b. increase value c. diverge from the industry standard d. enhance your focus
In blue ocean strategy, by reducing or eliminating some strategy factors, you can reduce costs.
What is a blue ocean strategy?A blue ocean refers to an analogy to describe the wider and deeper potential to be found in unexplored market space. The term "blue ocean" is vast, deep and powerful in terms of profitable growth.
In marketing, a blue ocean strategy means the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand. The strategy is about creating and capturing uncontested market space thereby making the competition irrelevant.
Going forward, the concept of blue ocean is based on the view that market boundaries and industry structure are not a given and can be reconstructed by the actions and beliefs of industry players.
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the money demand curve will shift to the left when which of the following occurs? a) a reduction in the interest rate b) an increase in the interest rate c) an open market sale of bonds by the central bank d) an increase in income e) none of the above
The correct option is e. None of the above mentioned statements justify that the money demand curve will shift to the left.
The connection between the cost of an item or service and the amount demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively. The law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downwards from the left to the right. Notably, this approach suggests that quantity is the dependent variable and price the independent variable.
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Organizations must have a strategy for managing all the resources that are involved in meeting customer demand for their product or service. This strategy is developed in the ________ activity of scm.
Greater performance is determined by how effectively all processes and personnel transfer goods and services along the supply chain to the market.
Supply chain management (SCM) – what is it?
The process of getting a product from a raw material to a consumer is called supply chain management. Supply management, product and demand planning, sales and operations planning, and supply planning are all included.
The importance of supply chain management
Strategic supply chain management initiatives can have a positive ripple effect across the entire organization. Customer satisfaction and return on investment (ROI) are the two key areas where supply chain operations and procedures can influence business outcomes.
Higher performance results from satisfied clients.
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the practice of purchasing real estate using a small amount of your own money and a larger proportion of borrowed funds is called: group of answer choices loan floating leverage debt mortgaging all answers are correct
Answer (c) is the right choice. Leverage is the process of buying real estate using a little quantity of your own money and a greater share of borrowed money.
What does the term "leverage" in business mean?Leverage is the ratio of a company's debt to equity that it has (its capital structure). A corporation is said to be highly leveraged if it has more debt than is typical for its sector.
How do you apply leverage in the workplace?Try to cast the opposing negotiator in a less favorable light than is appropriate for her or his position in order to acquire power in a negotiation. Be in control of your emotions, your surroundings, the other negotiator, and yourself. Consider how you entered the scenario. Your viewpoint on it will be determined by that.
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assume you have 50/100/25 coverage in your auto insurance policy (a standard non-stacking policy). assume you were at fault in an accident, and two injured parties were awarded the following damages: person 1: $75,000 person 2: $25,000 what would your financial liability be in this case (i.e. the amount not insured)?
Assume you have 50/100/25 coverage in your auto insurance policy in which you were at fault in an accident, and two injured parties were awarded the following damages: person 1: $75,000 person 2: $25,000. Your financial liability is : $25,000.
What is financial liability?Financial liability can be defined as the financial obligation or debt a person is expected to pay.
Hence,
Damages for the injures parties are:
Person 1: $75,000
Person 2: $25,000
Coverage:
50 / 100 / 25
Since only person 2 will be covered in which you can only pay the amount of $50000 to each individual which in turns means that the financial liability will be calculated as:
Financial liability:
Financial liability = Person 1 - Insurance coverage
Financial liability = $75000 - $50000
Financial liability = $25000
Therefore we can conclude that the financial liability is the amount of $25,000.
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what is the rate of return for an investor who pays $1,054.47 for a 3-year bond with an annual coupon payment of 6.5% and sells the bond 1 year later for $1,037.19?
The rate of return for a 3-year bond is 5.00
The rate of return is calculated as:The fee of go back for the investor may be decided the usage of a retaining duration fee of go back bearing in thoughts that the investor could incur a coin's outflow of $1,054.47 while the investor could receive $1,037.19 and an annual coupon of 7% of the face price
Retaining duration return= (promoting charge + annual coupon-buying price)/buying price
Annual coupon=7%*$1000
Annual coupon=$70.00
Holding duration return= ($1,037.19+$70.00-$1,054.47)/$1,054.47
Holding duration return=5.00%
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1. do we have enough of a loyal following as a local shop that we can attract customers away from starbucks? 2. with the town growing as fast as it is, will other coffee shops decide to locate there?
1. Yes, we have a loyal following of local customers who appreciate our coffee and our shop.
2. With the town growing as fast as it is, other coffee shops may decide to locate there, but we believe that our loyal customer base will continue to support us.
What is customer?
An individual as well as business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate revenue; without them, they would cease to exist. All businesses compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore. Because satisfied customers are likely to give repeat business to businesses that meet or exceed their needs, businesses frequently uphold the proverb "the customer is always right." As a result, many businesses keep a close eye on their client interactions in order to get input on how to enhance their product offerings. There are numerous ways to classify customers. Customers are typically divided into internal and external categories.
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which statement best characterizes product strategy for industrial products? multiple choice question. cultural differences between markets force manufacturers to substantially adapt industrial products to local markets. most companies will not sell industrial products internationally because they do not want to adapt those products to foreign markets. most industrial products require substantial changes in order to be successful in foreign markets. companies can avoid adapting products by developing products to meet the most stringent regulations.
The best characterizes product strategy for industrial products is Companies can avoid product adaptation due to legal differences by designing products to meet the most stringent regulations.
What is product strategy?Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and how product roadmaps bring the product to life. A product strategy is a plan developed by a company to define a product's vision and identify how that vision will be realized. A product strategy is developed with the "big picture" of a product in mind, assisting companies in justifying why their product exists and how users will benefit. The product strategy should connect your product vision to the tactical steps required to complete that mission. First, your team will create a product vision. "We will help businesses unlock valuable information by making their data more accessible and useful," for example.To learn more about product strategy, refer to:
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which two groups would issue eurobonds? multiple select question. sovereign governments small domestic corporations private banks multinational corporations
The sovereign governments and multinational corporations issue eurobonds. Hence the correct responses to the question is options (a) and (d).
What is a Eurobond?A financial instrument known as a "Eurobond" is one that is issued on a market or in a nation where the native currency is not used. By the currency they are denominated in, such as eurodollar or euroyen bonds, eurobonds are widely categorized. Eurobonds are frequently referred to as foreign bonds because they are issued in a different currency. Eurobonds are significant because they enable businesses to raise cash while providing the option to issue them in different currencies.
Eurobonds are typically issued on behalf of the borrower by a global syndicate of financial institutions, one of which may underwrite the bond and therefore guarantee the sale of the entire issuance.
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______ is relatively rare in the real world, although this market model is highly ______ to several industries.
Pure competition is relatively rare in the real world, although this market model is highly relevant to several industries. A marketing scenario where many companies sell the same product and cannot differentiate themselves from one another; as a result, no firm has a substantial impact on price.
The ease with which new businesses can enter the market and great market knowledge are further existing factors. Agricultural items like corn, wheat, and soybeans are some of the best examples of markets that are just competitive. The presence of numerous suppliers and the lack of significant entry barriers make monopolistic companies similar to pure competition.
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canton has 60,000 shares of $10 par issued and outstanding. canton declares a 2-for-1 stock split. what is the par value and number of shares outstanding after the stock split
If canton has 60,000 shares of $10 par issued and outstanding. The par value is $5 per share and number of shares outstanding after the stock split is 120,000 shares.
How to find the number of shares outstanding?Par value:
Par value = $10 / 2
Par value = $5 per share
Using this formula to find the Outstanding shares
Outstanding shares = Current shares outstanding × Number of the split
Where:
Current shares outstanding = 60,000 shares
Number of the split = 2
Let plug in the formula
Outstanding shares= 60,000 shares × 2
Outstanding shares= 120,000 shares
Therefore the number of shares outstanding is 120,000
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you have been given a choice of paying $20,000 for a new gm car with a $3,000 cash rebate (net cost of $17,000 which you finance separately), or zero percent financing for 48 months with no cash rebate. what is the implicit rate of interest in this deal?
The implicit rate of interest in this deal is 8.21%.
Cost of item / length of financing
= 20000/48 = 416.67
The implicit rate of interest
End mode
p/yr = 12
PV = (17000)
Pmt = 416.67
N = 48
FV = 0
I = ?
I = 8.21%
An interest rate that is implicit in a business deal is one that is not explicitly expressed. Even if there is no rate specified in the underlying business contract, any accounting transaction involving a stream of payments spread over several future periods must include an interest rate. The market rate ought to be regarded as the most suitable interest rate to deploy to the transaction if a transaction does provide an interest rate but that rate differs significantly from the present market interest rate. If the claimed interest rate is very near to the market rate, the choice of which interest rate to employ is more arbitrary.
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What term is used to describe the practice of unloading materials from an incoming trucks or rail cars and loading these materials onto outbound trucks or rail cars, with little or no storage or warehousing in between?.
Consolidation is the logistics process of removing cargo off an incoming truck or railway and loading it immediately onto an outgoing truck or railcar with little or no storage in between.
How would you define consolidation?The consolidation process or act; the state of consolidation. The act of merging; especially, the joining of two or more corporations through the dissolution of the former and the formation of the latter into a single new entity.The Latin word consolidation, which meaning "to merge into one body," is where the word consolidate derives from. In any situation, consolidating entails combining a number of smaller objects into a single, larger group. For instance, a traveler might combine all of their belongings into one sizable bag.Debt consolidation is the process of combining all of your debts into a single loan or monthly payment, including credit card bills and other loans. Consolidating your debts could simplify or reduce your monthly payments if you have a number of loans or credit card accounts.To learn more about consolidation refer to:
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Instead of cultural and marketing influences, what factors should determine a household’s saving rate?.
The factors that should determine a household’s saving rate are Monetary situations, social establishments, and the person or populace characteristics can all play a function. Monetary conditions together with financial balance and general earnings are vital in figuring out savings costs.
As a minimum 20% of your profits have to move in the direction of savings. Meanwhile, every other 50% (most) ought to move toward requirements, even as 30% goes toward discretionary objects. That is referred to as the 50/30/20 rule of thumb, and it gives a quick and clean manner that will price range your money.
This record is the today's to be had from this supply but is from 2019, and some sources put common savings even higher: Northwestern Mutual's 2022 making plans & progress have a look at found out that the common amount of personal financial savings (not which include investments) became $62,086 in 2022.
In the end, your cash loses its fee and shopping strength. Some other red flag that you have an excessive amount of cash in your financial savings rate is if you exceed the $250,000 restriction set through the Federal Deposit insurance corporation (FDIC) — glaringly not a difficulty for the common saver.
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student athletes argue that they have the right to form labor unions because they are treated like employees. which of the following, if true, would most likely strengthen this argument? a. student athletes enjoy decision-making powers in team selection processes. b. student athletes do not receive compensation for costs associated with health benefits and utility expenses. c. student athletes work over 40 hours a week in many cases and can be fired for poor performance. d. student athletes represent only one university team until they graduate.
The statement that would most likely strengthen the above argument is
c. student athletes work over 40 hours a week in many cases and can be fired for poor performance.
Labor unions are normally formed by the employees of an organization. Many student-athletes are not allowed to form labor unions because they are not considered employees by certain organizations.
However, such student athletes that work for the same duration like normal employees around 40 hours have can ask for the formation of a labor union.
Also, the organization has the right to fire student athletes for poor performance just as they do for normal employees. As the student athletes are being treated like employees through these factors, they can help in strengthening of their argument.
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during the current year, barry (single taxpayer) has taxable income of $60,000. of that amount, $10,000 is long-term capital gain. how will barry calculate the tax on his income?
Considering the above situation of Barry and taxation policy, Barry will calculate his tax on his income by using the tax rate schedule.
What is Tax Rate Schedule?Tax Rate Schedule is a term that is used to describe the rates at which individuals' income is taxable according to their income level and filing status.
Different types of Tax Rate Schedules
As of 2022, the current American tax system policy has various Tax Rate Schedule which includes the following:
10 percent12 percent22 percent24 percent32 percent35 percent 37 percentEach of these percentages varies depending on the category of taxpayers. These categories include the following:
Single filersMarried, filing jointlyMarried filing separatelyHead of the HouseholdUsually, the percentages and income brackets can change from one year to another.
Given their situation of Barry, calculating the tax on his income will be as follows:
Utilizing the tax rate schedule, Barry will have 50,000; then multiply the 10,000 by 15%, and then add the two amounts.
Hence, in this case, it is concluded that the correct answer is using the tax rate schedule.
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yum! brands, the restaurant division of pepsico, has 12,600 kfc restaurants abroad, with more than 3,700 restaurants in china. many of the latter are locally owned and subject to a contractual agreement that allows the owners to operate the business under the established kfc brand name and according to specific rules. yum! brands is engaged in
Yum! brand is engaged in franchising.
A franchise (or franchising) is a technique of selling goods or services that involves a franchise who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchise name and system.
The different types of franchise are :Franchise in management, Franchises in fast food and retail, investment business.
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The tire tread wears out in at least 60,000 miles. the tire company bought 48 tires and found out the average mile usage for 48 tires is 59,500. what hypothesis do we test to find out if the manufacturer claim is too optimistic and tires wear out before 60,000 miles?
Manufacturer's promise of 0.6928 is very optimistic, as tyres degrade before 60,000 miles.
Here, is the attached solution.
Since the typical automobile travels between 10,000 and 12,000 miles annually, used cars with annual averages below that can be regarded as having good mileage.
To get the car's yearly average, simply divide the odometer reading by the years the car has been on the road. However, a car's condition is also influenced by its make and model, history, and driving and maintenance practises. Due to the fact that older vehicles frequently start needing more expensive and frequent maintenance as mileage exceeds 100,000, this number is sometimes utilised as a cutoff point for used cars.
However, thanks to advancements in automotive technology, the majority of vehicles built in this millennium will continue to run well past the 100,000-mile mark. As a result, the answer ultimately depends on the general condition of the vehicle.
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