Variance is a type of system inhibitor when a computer manufacturer makes 250 personal computers on monday and 100 on tuesday, it is experiencing in supply
What is meant by Variance in supply ?
The difference between an expected value and the actual value is referred to as variation. A cost overrun would provide a negative variance; for instance, a cost variance would be computed by deducting the actual cost from the anticipated cost. If the physical stock differs from the ledger stock during a stock count in inventory control, this is a variance, and the result of the stock check will be a variance report showing the scope and direction of the stock check discrepancy.
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Hello, can anybody help me pls?
What are the economic effects of a growing population?
The economic consequences of a developing population: population boom will result in economic growth with more people able to produce extra goods. it will cause better tax sales which can be spent on public items, together with health care and environmental tasks. the plain evaluation is to say, the important aspect isn't GDP, but GDP according to capita.
Definition of economics: of, regarding, or primarily based on the manufacturing, distribution, and consumption of products and services economic growth. b: of or regarding a financial system a collection of economic advisers. c: of or relating to economics financial theories.
Economic: while Corn crop manufacturing will increase the farmers lower the fee of the crop if they want to sell off their produce. If the delivery is just too excessive then the call for i.e. the quantity of corn needed to feed the human beings of u. s., the produce had to be wasted and farmers lose their cost of manufacturing.
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a t-bill with face value $10,000 and 95 days to maturity is selling at a bank discount ask yield of 4.2%. required: a. what is the price of the bill?
Bank discount of 95 days = 0.042 × (95/360) = 0.011083
Price = $10,000 × (1 - 0.011083) = $9,889.17
What is a Bank discount bonds?
A Bank discount bond is a bond this is issued at a lower charge than its par fee or a bond that is buying and selling within the secondary marketplace at a charge that is below the par value. It is similar to a zero-coupon bond, handiest that the latter does no longer pay interest until adulthood.
What is the distinction among an investment fee and a bank discount charge?
A bank discount is an amount charged with the aid of a lender to a borrower for the use of assets. Bank discount is the hobby fee that the Federal Reserve Banks expenses to the depository institutions and to industrial banks on its in a single day loans.
Israel bargain bank, Ltd. is a retail bank, business financial institution, non-public bank and economic offerings corporation founded in Tel Aviv with 112 branches at some stage in Israel. Bank discount financial institution is a public company traded at the Tel Aviv inventory change under the symbol DSCT.
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Which approach involves ensuring that an organization's overall objectives are translated into specific objectives for each of the lower levels in the organization?
Management by objective entails making sure that the general goals of an organization are converted into detailed goals for each of its subordinate levels.
What is management?Whether it's a company, a nonprofit, or a government agency, management (or managing) is the administration of the organization. It is the science and art of managing the business's resources.
Setting an organization's strategy and organizing the work of its staff (or volunteers) to achieve its goals through the use of resources such as financial, natural, technological, and human resources are all included in management. In management, the terms "run the business" and "change the business" are used to distinguish between the continuation of the delivery of goods or services and their adaptation to satisfy the evolving requirements of people.
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Suppose there is currently a tax of $50 per ticket on airline tickets that is imposed on the consumers. if the tax is reduced from $50 per ticket to $30 per ticket, then the?
If the tax is reduced from $50 per ticket to $30 per ticket then supply curve will shift downwards by $20, and the effective price received by seller will increased by less than $20.
Who is called a consumer?
A consumer is the one who buys the item for his/her possess require and uses or consumes it. A consumer cannot exchange the great, product or service but can consume it to gain his/her livelihood and self-employment definition of consumer. The consumer is the one who is the end-user of any products or services.
Types of consumer:
Loyal Customers
Impulse Shoppers
Bargain Hunters
Wandering Consumers
Need-Based Customers
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What is the annual opportunity cost of a checking account that requires a $400 minimum balance to avoid service charges? assume an interest rate of 2 percent.
A checking account with a $400 minimum balance needed to avoid service fees has a $2 yearly opportunity cost. See the analysis of the annual opportunity cost of a checking account below.
Annual opportunity cost is calculated as follows:
Minimum balance x Interest rate
= $400 × 0.02
= $8.
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a extraordinary crop, or an trade use of the resources (land and farm equipment). A commuter takes the train to work in place of using
what's opportunity cost simple definition?
opportunity cost is an economics term that refers to the cost of what you have to surrender so as to select something else.
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ebook biloxi co. is a u.s. firm that has a subsidiary in china. the subsidiary reinvests half of its net cash flows into operations and remits half to the parent. biloxi co. has expected cash flows from domestic business equal to $8,000,000 and the chinese subsidiary is expected to generate 135 million chinese yuan at the end of the year. the expected value of yuan at the end of the year is $0.14. what are the expected dollar cash flows of the parent of biloxi co. in one year? round your answer to the nearest dollar, if necessary. $
The expected dollar cash flow is $174,500,00.
A cash flow is an actual or virtual motion of money, coins flow in its narrow experience is a fee, especially from one important financial institution account to any other; the term 'cash drift' is often used to describe it.
Cash flows from domestic businesses equal $8,000,000.
The Chinese subsidiary is expected to generate 135 million.
The expected value of the yuan at the end of the year is $0.14.
Expected dollar cash flows = Domestic business cash flows + Cash flows remitted by a subsidiary.
Cash flows remitted by subsidiary = ($135 million / 2) * $0.14 = $9450,000
Expected dollar cash flows = $8,000,000 + $9450,000 = $174,500,00
Hence, the expected dollar cash flow is $174,500,00.
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robert is a real estate agent who wants to show his audience how housing prices have changed over the past five years. what visual aid is best suited to display this information?
Line chart visual aid is best suited to display this information.
What do you mean by real estate ?Real estate is a general term for all forms of private property, including land and structures. Real estate comprises all resources on the land, such as water and minerals, and can be used for residential, commercial, or industrial purposes.
It serves as a major source of wealth and savings for many Americans. Housing for families is provided by residential real estate. For many Americans, it is their main source of wealth and savings. Commercial real estate, which includes residential complexes, generates employment and provides places for manufacturing, offices, and retail.
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When a fire sale occurs:_____.
a. uncertainty is reduced.
b. banks may become insolvent.
c. financial frictions are low.
d. adverse selection and moral hazard are reduced.
When a fire sale occurs: financial frictions are low.
A fireplace Sale is an all-out cyberwarfare attack that plays a 3-degree systematic attack on a country's laptop infrastructure. Hackers known as it fire Sale because "the whole thing must go".
Extensive economic markets with masses of individuals As we advised in a 1992 paper, a hearth sale is largely a forced sale of an asset at a dislocated price. The asset sale is compelled by the experience that the seller can not pay creditors without selling assets.
A fire sale consists of selling items or belongings at heavily discounted fees. "fireplace sale" in the beginning noted the cut-price sale of products that have been damaged via hearth. Now it extra normally refers to any sale where the seller is in monetary misery.
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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):_________
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 Gig worker.
Grubhub, DoorDash, and UberEats specialize in food from eating places. Postmates, transport.com, and GoPuff deal with different kinds of food shipping, even as InstaCart focuses almost solely on grocery stores. Grubhub held the biggest percentage of the U.S. meals shipping marketplace in 2018 accounting for thirty-four percent.
All food on call for businesses receives orders through an app a website or a phone. The orders can be for their very own kitchen or every other meal issuer they have got partnered with. Cooking meals can be precooked or cooked after an order is received, based totally on this Cooking time is anticipated for the meals delivery app. your customers could emerge as having to bodily visit your eating place just to choose up the food they have got ordered.
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the impact of moderate to marginal land suitability on prehistoric agricultural production and models of adaptive strategies for easter island (rapa nui, chile).
Easter Island, in the southeastern Pacific Ocean, was settled around 400-800 CE and has had continuous human occupation to the present day. Its native population lived on agriculture and fishing, with the latter becoming increasingly important as agriculture waned in importance after about 1600 CE.
Both of these activities were impacted by the island’s marginal land suitability and rugged terrain, which limited their ability to produce crops, especially when compared to other islands of Polynesia (Pacific islands) whose agricultural productivity was much higher than Easter Island’s.
The island of Rapa Nui (Easter Island) in the south Pacific Ocean has long been of interest to anthropologists and archaeologists studying its prehistory and the transition from small-scale subsistence economies to intensive agriculture, metallurgy, and monumental architecture.
The Early Period: The earliest period of agricultural production on Easter Island, the Late Period, is characterized by minimal levels of modification to environmental features in order to accommodate farming activity. In this period land suitability was minimal.For these reasons agricultural production is likely not as intensive or productive during this period as it would have been during the Early Period Rapa Nui (c.e. 800-1200).
Farming practices are thought to be limited due to less fertile soils and greater soil erosion from water runoff, which can lead to changes in vegetation and soil quality over time.
Intensive slash-and-burn agriculture may have also occurred during this period, but without more evidence it is difficult to make assumptions about how much land was modified and the potential impacts of such an approach on crop yields.
Human Impact: A study published in the Quaternary International Journal measured the land suitability and analyzed various data to evaluate how prehistoric agricultural production was impacted.To measure the agricultural suitability, five variables were assessed: soil pH, soil surface roughness (range in height), soil bulk density, clay content of silt plus sand fraction, and cation exchange capacity.
The first four variables are considered low and the last one is considered high, based on a scale from 1-5 with 5 being most suitable for farming.
The researchers found that about 38% of the island's terrain is marginal or moderate for farming due to high soil pH levels (>7).
A Changing Environment: Easter Island's fertile volcanic soil served to support a myriad of agricultural projects for centuries.The great Polynesian civilization thrived because of its rich environment and fishing grounds. As European colonizers became more persistent in the late 1800s, they brought diseases with them that were never seen before.
To make matters worse, overfishing also began which depleted one of the most valuable resources the people had. With the introduction of large-scale sheep ranching, much of the natural vegetation was cleared from the landscape.
Deforestation led to a rapid decline in the quality and quantity of agricultural land, as well as reduced amounts of rainfall as a result.
By 1900 water supplies were scarce and deforestation made agriculture impossible due to infertile soils so there was an inevitable shift towards increased hunting and gathering techniques.
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In today's diverse workforce, more organizations are realizing that their most important resource is their _______.
In today's diverse workforce, more organizations are realizing that their most important resource is their human.
What is a human capital?This refers to the economic value of a worker's experience and skills. It also includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
Generally, the human capital is perceived to increase productivity and thus profitability; the more investment a company makes in its employees, the chances of its productivity and success become higher.
In conclusion, more and more of organizations now are realizing that their most important resource is their human In today's diverse workforce.
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An organization discovers that the computer of the chief financial officer has been infected with malware that includes a keystroke logger and a rootkit. the first action to take would be to?
The first action to take would be to disconnect the PC from the network.
What is an organization?An organization can be defined as an Institution for firms or businesses that is being made with the purpose. They are being too rated for social purposes or for money purposes.
The chief engineer officer helps a Malware or some kind of then the first step should be to disconnect the PC from the network as the internet is the major source of viruses, now been contaminated with malware that comprises spyware and a keylogger.
As the officer may also have some kind of important information or material feeded in the PC.
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Thakur industries has sales of $465,000, interest paid of $2,450, costs of 150,000, and depreciation of $20,400. what is the operating cash flow if the tax rate is 21 percent?
The operating cash flow if the tax rate is 21% is $251,198.50
What is operating cash flow?
Operating cash flow is the amount of Thakur industries generates from its operations, it is determined as the net income plus the depreciation.
Net income=(sales-costs-depreciation-interest)*(1-tax rate)
sales=$465,000
costs=$150,000
depreciation=$20,400
interest paid =$2,450
tax rate=21%
net income=($465000-$150000-$2450-$20400)*(1-21%)
net income=$230,798.50
operating cash flow=net income+depreciation
operating cash flow=$230,798.50+$20,400
operating cash flow=$251,198.50
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What is the difference between mass marketing and marketing segmentation?
A.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
B.
Mass marketing divides a target market into several subsets to market and advertise products, wherein marketing segmentation advertisers create one ad that will simultaneously please all members of their target market.
C.
Market segmentation divides a target market into at least 10 subsets to market and advertise products, wherein mass marketing advertisers create a few ads that will simultaneously please all members of their target market.
D.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will only please some of the members of their target market.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
What is mass marketing and market segmentation?Mass marketing is when a firm does not segment their customer base in groups based on shared characteristics but instead markets their goods to all their target audience.
An advantage of mass marketing is that is a cheaper method of advertisement.
Segmentation is the division of people into certain groups based on shared characteristics. Customers can be segmented based on age, benefit received and geography.
An advantage of segmentation is the the company are better able to reach their customers through targeted ads.
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auditors complete procedures to ensure reported sales transactions were not created to fraudulently inflate profits to in order to test the
auditors go through procedures to make sure that reported sales transactions weren't made to fraudulently inflate profits in order to test the occurrence assumption,
An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations. They guard companies against fraud, call attention to inconsistencies in accounting procedures, and, occasionally, they operate as consultants, assisting firms in identifying ways to improve operational efficiency. Within various industries, auditors serve in a variety of roles. Auditors evaluate financial operations and guarantee that businesses are managed effectively. They are responsible for following the cash flow of a business from start to finish and making sure that the money is correctly accounted for. so auditors complete procedures to ensure reported sales transactions were not created to fraudulently.
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an investor is considering investing in one of two companies. the companies have very similar reported financial position and results of operations. however, only one of the companies has its financial statements audited.
a. The company's financial statements gain credibility as a result of audits. The investor is confident that there is a minimal likelihood that the financial statements would considerably deviate from widely accepted accounting principles.
b. Lack of an audit may have the effect that the investor is fearful of taking risks
An audit, what is it?To ensure that all departments are using a documented system of documenting transactions, an auditor must examine or inspect multiple books of accounts in addition to physically examining inventory.
a. By lowering investment risk, audited financial accounts make this transaction easier. In particular, audits lessen the risk of information risk associated with the financial statements, or the risk that the information used to make the investment choice is incorrect. The risk that the company won't be able to pay its debts is known as business risk, and it is not immediately impacted by audited financial accounts.
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The correct question is:"
An investor is considering investing in one of two companies. The companies have very similar reported financial positions and results of operations. However, only one of the companies has its financial statements audited.
a. Describe what creates the demand for an audit in this situation. Include a discussion of how audited financial statements facilitate this investment transaction and the effect of the audit on business risk and information risk.
b. Identify the potential consequences to the company of not having its financial statements audited."
as a manager at barcelona, which of the following activities do you think you would be encouraged to do?
The manager at Barcelona would be highly encouraged to the chef to create new menu items featuring seasonal ingredients.
To increase customer service and business profitability, the management of Barcelona Restaurant will be encouraged to be inventive and to provide frequent personnel training.
Barcelona
Barcelona is a city on the northeastern coast of Spain. It is the capital and largest city of the Catalan autonomous community, as well as Spain's second most populous municipality. With a city population of 1.6 million, its metropolitan area extends to multiple nearby communities within the Province of Barcelona and is home to around 4.8 million people, ranking it fifth in the European Union after Paris, the Ruhr area, Madrid, and Milan.
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The first billion-dollar corporation in the united states, u.s. steel, was created through ______.
The first billion-dollar corporation in the united states, u.s. steel, was created through Mergers
This is further explained below.
What is Merger?Generally, Companies often choose to merge in order to broaden their customer base, enter new market niches, or increase their market share.
A merger is the voluntary combination of two businesses into a single new legal entity on conditions that are generally equivalent.
Conglomerate mergers, congeneric mergers, market extension mergers, horizontal mergers, and vertical mergers are the five most common forms of mergers.
In conclusion, The United States Steel Corporation was the first company in the United States to have a market capitalization of one billion dollars.
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6. individual problems 8-6 suppose that on valentine's day, the demand for both roses and greeting cards increases by the same percentage amount. however, the price of roses increases by more than the price of greeting cards. based on this information, you can conclude that the supply of roses ismore sensitive to price than the supply of valentine's cards.
Based on the information supply of cards is more sensitive to price than that of rose.
What is price elasticity?
Price elasticity of supply is defined as the sensitivity of quantity supplied to changes in price. Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when its price rises. Conversely, the supply of a good will decrease when its price decreases.
The formula is given below
Price elasticity of supply= Change in quantity supplied ÷ Change in price
In this scenario the demand for both roses and cards increases, however the price of roses increases more.This implies that the denominator in the formula is higher in roses resulting in smaller price elasticity of supply.The elasticity of supply for cards is higher than that of roses, so it is more sensitive to changes in price.Cards can be stored from year to year so the labour for maintaining a stock of cards is low with resultant low price.On the other hand roses require care to grow. It requires watering, application of chemicals to treat infestation and so on. So suppliers tend to push the extra cost of growing roses to the buyersTo learn more about Price elasticity of supply , refer: https://brainly.com/question/13565779?referrer=searchResults
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preventing liabilities is a business-related consequence of failed software. group startstrue or false true, selected false
False, preventing liabilities is a business-related consequence of failed software.
Describe 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 organizations. There are many different sorts of businesses, including corporations, partnerships, limited liability companies, and sole- proprietorships.
A business is a creative corporation or group that carries out professional operations. They may be commercial, industrial, or some other type. Businesses that are for-profit try their best to turn a profit, whereas nonprofit organizations work to advance charitable causes.
A business is defined as a trade or profession that involves purchasing and reselling goods and services with the intention of turning a profit. One excellent example of a business is farming. An example of commerce is the sale of a home.
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teresita has several open positions at her firm. what could teresita's firm offer millennial candidates to attract them to her firm?
Flexibility in work arrangements is Teresita's firm offers millennial candidates to attract them to her firm. A flexible working game plan is a continuous conventional game plan around how you work, for example, working non-standard hours, working a compacted week, working routinely from an alternate area, working part time, or work sharing.
What are flexible work arrangements?
Basically, flexible work arrangements plans are substitute courses of action or timetables from the conventional working day and week. Representatives might pick an alternate plan for getting work done to meet individual or family needs. On the other hand, managers might start different timetables to meet their clients needs. Adaptable working plans permit representatives to arrange a less unbending working plan to further develop balance between fun and serious activities and their general commitment to their organization.
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marty receives a tip that the price of shares of an oil company are about to fall significantly. in order to avoid a huge loss, he goes into his online brokerage account and sells all of the stock that he owns in the oil company. what type of market transaction is taking place?
Based on the fact that Marty sold all his shares in the oil company, the market transaction that is taking place is a Secondary market offering.
What happens in a Secondary market offering?A Secondary market offering refers to when an owner of the stock of a company decides to sell it on the stock market.
In the secondary market, the company that has the stock is not involved in the transaction but instead only those who own the stock transact with each other.
Marty owns the stock in the oil company and offering it means that this is a Secondary market offering.
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roger smith established an insurance agency on july 1, 20y5, and completed the following transactions during july:
Yes, it is true that revenue increases the shareholders' fund, which is then invested as it grows (crediting).
But expenses and dividend payments to shareholders diminish the fund as they are made (debiting), which is why the negative effect is shown as a debit item.
What are shareholders Meaning?
Anyone who holds at least one share of a company's stock or mutual fund unit is referred to as a shareholder. Shareholders, who possess a majority of the company's ownership, also have specific rights and obligations.
Having this kind of ownership enables them to profit from a company's success. These benefits include dividend payments arising from financial gains or rising stock prices. In contrast, a company's share price would definitely decrease if it had a loss, which might result in losses for investors or a decrease in their holdings.
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evelops or improves gaap through a transparent process that often involves publicanswer meetings, public comment solicitation, and public hearings.
Develops or improves GAAP through a transparent process that often involves public answer meetings, public comment solicitation, and public hearings is FASB.
The principle of Regularity dictates that accountants ought to abide with the aid of all installed regulations and regulations. it is this precept that establishes the mandate that every different idea and policy set forth via GAAP needs to be continually accompanied.
GAAP sets out to standardize the classifications, assumptions, and approaches utilized in accounting in industries across us. responsibility for enforcement and shaping of normally accepted accounting standards GAAP falls to two companies: The Financial Accounting Standards Board FASB and Securities and alternate fee SEC. The SEC has the authority to each set and enforces accounting standards.
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Which type of float is described as the amount of time that a schedule activity can be delayed or extended from its early start date wihout delaying the finish date?
Genuinely put, total go with the float is the quantity of time that a hobby may be behind schedule without delaying the task. however, free flow is the quantity of time that a pastime can be delayed without delaying the early start of its successor.
Interfering go with the float is the maximum quantity of time an activity may be behind schedule without delaying the early start of the succeeding activities and without the allowable put off of any predecessor interest.
Float, additionally known as is the quantity of time beyond a task's scheduled crowning glory that an inside the task. total float is the amount of time an inside an undertaking that can be behind schedule without the assignment closing date.
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Traditional promotional messages such as advertising, sales promotion, and publicity releases are examples of ________ messages.
A promotion that uses offline methods to reach a local audience is referred to as traditional marketing. A product or service is promoted using traditional marketing, which also includes billboards, television commercials, newspaper ads, and other forms of advertising. The efforts are frequently expensive, and measuring their success can be difficult.
Digital marketing is displacing traditional marketing by reaching clients online through social media, email, and search engines. Compared to traditional marketing, digital marketing is more cost-effective and more easily promotion trackable in terms of its effectiveness.
It is possible to create marketing materials specifically for conventions, seminars, or conferences. The efforts are frequently expensive, and measuring their success can be difficult. To attract visitors to your promotion booth and learn more about the company and its goods, you could, for instance, build booths or more substantial materials like banners or signage.
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A ____ deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.
A statement of work deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.
The statement of work includes a part known as the “scope of labor.” The scope of work specifies the unique process to accomplish those dreams, whereas the announcement of labor is a very comprehensive, legal report that describes the targets and dreams of a challenge. The scope of the project ought to be regarded significantly.A statement of work (SOW) is a document that provides a description of a given project's necessities. It defines the scope of work being provided, task deliverables, timelines, work vicinity, and payment phrases and situations.A scope assertion is a record that defines all the elements of the challenge scope in addition to assumptions, project requirements and acceptance standards. Your undertaking scope statement will act as the number one tool for stakeholders and teammates to refer back to and use as a tenet to accurately measure project success.
The scope of work is an important document to ensure the a success execution of the project and on the equal time, hold a harmonious dating with the consumer. When each parties are clear on what a a hit challenge looks like, it removes all ambiguity, miscommunication, and confusion round it.
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There is a need for every business in the international marketplace to understand the prevailing culture in the countries that they are doing business in. this is known as?
There is a need for every business in the international marketplace to understand the prevailing culture in the countries in which they are doing business. this is known as cross-cultural literacy.
Business economics is a discipline of implemented economics that researches the financial, organizational, marketplace-related, and environmental issues faced by using companies. business economics encompasses subjects such as the idea of scarcity, product factors, distribution, and consumption.
Business is a technique of exchanging goods and offerings between people and entities, which includes money. Key principles of economics include deliver and demand, interest price, exchange fee, and international trade.
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i now have $20,000 in the bank earning interest of .5% per month. i need $30,000 to make a down payment on a house. i can save an additional $100 per month. how long will it take me to accumulate the $30,000?
It would take approximately 45 months to save the target future value.
What is future value?
Future value (FV) is a financial concept that assigns a value to an asset based on estimated variables such as future interest rates or cashflows.
It is useful for an investor to know how much their investment will be and also to know about the time they it would take for the expected return.
Here, individual currently has $20,000 which means that current value is $20,000 and this individual needs $30,000. Here, future value is $30,000 and intends to save $100 per month in order to reach the future value.
Using financial calculator, we can make necessary changes.
We will set it to the end because usually payments occur at the end of the month.
Set : end.
N=?
The “n” over here is number of months,
I/Y = 0.5%
PMT = 100
PV = 20,000
FV = 30,000
CPT (press compute)
We get the value of “n” = 44.74 months, which is approximately 45 months.
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define the factor of production called capital. give examples of capital. distinguish between the factor of production capital and financial capital.
Defining the factor of production called capital. Giving examples of capital. Distinguishing between the factor of production capital and financial capital. All of these are answered below.
When economists talk about capital, they usually imply the physical tools, facilities, and equipment that allow for higher labor productivity.
Capital is one of four major components of production, along with land, labor, and entrepreneurship.
Hammers, tractors, assembly belts, computers, trucks, and railroads are all examples of capital.
The proprietors of economic capital are referred to as "capitalists."
Economic capital is distinct from financial capital, which includes the debt and equity that firms accumulate in order to function and expand.
Capital's Economic Role:
Capital, unlike land or labor, is man-made; it must be generated by human hands and designed for human use. This indicates that capital must be invested in time before it can be used. For example, a fisherman who makes his own rod must first take time away from other activities to do so.Capital products are, in this sense, the foundation of human civilization. Buildings must be constructed, tools must be produced, and procedures must be improved. More items can be produced and the level of living can be raised by boosting productivity through enhanced capital equipment.Money vs. Goods:
Capital that is always improving is crucial because it leads to cheaper and more plentiful commodities.
It should be noted that money is not one of the variables of production.
While money promotes trade and successfully stores value, individuals cannot eat, wear, or be protected by their bank account balances.
The ultimate goal of economic activity, effort, and trade is to obtain things rather than money.
Money is a means of purchasing items. Better capital goods enable people to travel further, communicate more quickly, consume healthier meals, and save enough time from labor to enjoy leisure activities.
Many countries have printed and inflated their way into poverty by prioritizing money over savings, investment, and capital equipment.
Hence, the factor of production called capital and finance capital are two different things.
Learn more about factors of production:
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