True. You should consider the interest threshold while selecting a savings account.
Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.
The other criteria that need to be taken into account while choosing a savings account are:
fees and penaltieslowest balanceinterest rates and interest capsfluctuating interest rates(APY) annual percentage yield(APR)Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.
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If an investment grew to $13,500 in 2 years and the interest amount earned was $1,150, calculate the nominal interest rate compounded quarterly.
Based on the investment amount after 2 years, and the interest amount that was earned, the nominal interest rate when compounded quarterly is 5.82%.
How to find the interest?First, find the annual interest on the investment that would have enabled it to grow to $13,500 in 2 years.
The amount invested was:
= 13,500 - 1,150
= $12,350
The nominal interest rate annually is:
13,500 = 12,350 x ( 1 + rate) ^ 2 years
Rate = 5.7%
The nominal interest rate compounded quarterly is:
= (1 + Annual rate / Number of compounding periods in year) ^ number of compounding periods in year - 1
= (1 + 5.7%/ 4)⁴ - 1
= 5.82%
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as a general rule, is it safe to assume that a change in the price of a good will always have its most significant impact on the quantity demanded of that good, rather than on the quantity demanded of other goods? explain.
When in doubt, an adjustment of the cost of a kindness essentially affects the amount requested of that great, however not consistently. In the event that the positive quality in setting is a second rate great, the replacement and pay impact will work in inverse headings decreasing the impact of progress.
As a rule, this doesn't know it is right, in light of the fact that changing the shopper's utilization of substitutes and supplements to the essential great requires first changing the buyer's utilization of the essential great. In the event that the cost of apples ascends, for instance, a shopper can change to oranges by first decreasing his apple consumption.
What is the standard expressing that more will be requested at lower costs?
The law of interest expresses that as the cost of a decent declines, the amount requested of that great increments. All in all, the law of interest expresses that the interest bend, as a component of cost and amount, is consistently descending slanting.
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what advantages do corporations receive when operating in favorable areas within a given country? b. labor specific c. capital specific d. location specific g
Personal liability protection, business continuity and security, and easier access to capital are all advantages of a corporation. A corporation has strict formalities and protocols to adhere to in addition to being time-consuming and subject to double taxation.
What advantages do economies of scale provide?Profits rise as a result of economies of scale, which also provide businesses with a platform for expansion and a higher return on investment. Scale of a larger company: As a company grows in size, it becomes more stable and less susceptible to external threats like hostile takeover bids.
What are the most significant benefits of a corporation?Limited liability, the ability to raise money for investments, perpetual existence, employee benefits, and tax advantages are all advantages of a corporation. The disadvantages include higher profits taxes and higher setup costs.
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A sample of 40 observations is selected from a normal population. The sample mean is 64, and the population standard deviation is 8. Conduct the following test of hypothesis using the 0.01 significance level.
H0: μ = 65
H1: μ ≠ 65
a. Is this a one- or two-tailed test?
multiple choice 1
One-tailed test
Two-tailed test
b. What is the decision rule?
multiple choice 2
Reject H0 if −2.576 < z < 2.576
Reject H0 if z < −2.576 or z > 2.576
c. What is the value of the test statistic?
d. What is your decision regarding H0?
multiple choice 3
Reject H0
Fail to reject H0
e-1. What is the p-value? (Round your z value to 2 decimal places and final answer to 4 decimal places.)
e-2. Interpret the p-value? (Round your z value to 2 decimal places and final answer to 2 decimal places.)
The test that we have here is a two tailed test. b The decision rule for the question is Reject H0 if z < −2.576 or z > 2.576. The test statistic is -0.791. we have to fail to reject the null hypothesis
How to carry out the calculationThe hypothesis for the test
we have the null hypothesis as
H0: μ = 65
The alternate hypothesis is
H1: μ ≠ 65
a. The test that we have here is a two tailed test for which the population standard deviation is already known.
b. The decision rule would be to Reject H0 if z < −2.576 or z > 2.576
The critical value calculation would be from the z test
64 - 65 / 8 / √40
= -1 / 1.2658
= -0.7900
d. 0,791 ≤ 2.576 therefore the null hypothesis would not have to be rejected.
fail to reject null
e. using the statistic software, p value is .429528
e2. .429528 > 0.01 hence we have to fail to reject the null hypothesis.
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Question 19
Which of the following business trends affects HR management:
O Costs of business going down
O Globalization
O Lack of new technology
O No restructuring
Globalization out of the following business trends affects HR management. The correct option is B.
What is the globalization trend in HRM?Globalization has far-reaching implications for the practice of human resource management in general. Globalization, for some, increases demands to take the best, transferrable set of HRM practices that may expand globally. It is a force that affects individuals all across the planet.
Because of globalization, an organization's scale increases its chances of attracting the attention of people from all over the world. To that end, an increase in their current employees will come from all over the world, each with their own culture and habits.
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which tax benefit for education is partially refundable?
A. american opportunity tax credit
B. distribution from a qualified tuition program
C. lifetime learning credit
D. student loan interest deduction
Answer:
American opportunity tax credit
Explanation:
I took the test
The manufacturer of the X-15 steel-belted radial truck tire claims that the mean mileage the tire can be driven before the tread wears out is 60,000 miles. Assume the mileage wear follows the normal distribution and the standard deviation of the distribution is 5,000 miles. Crosset Truck Company bought 48 tires and found that the mean mileage for its trucks is 59,500 miles. Crosset would like to know if their experience is different from the manufacturer’s claim.
a. State the null hypothesis and the alternate hypothesis.
b. State whether the decision rule is true or false: Reject H0 if z < −1.96 or z > 1.96 using a 0.05 significance level.
multiple choice 1
True
False
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
d. What is your decision regarding H0?
multiple choice 2
Reject H0
Do not reject H0
e. What is the p-value? (Round z value to 2 decimal places and final answer to 4 decimal places.)
f. Is Crosset's experience different from that claimed by the manufacturer at the 0.05 significance level?
multiple choice 3
Yes
No
The null hypothesis is H0 : u = 60000 alternate hypothesis is h1 : u < 60000. b. This is true. c. test statistic = -0.69 d. fail to reject H0 e. p value = 0.49 f. No
What is the null hypothesisa. The null hypothesis is
H0 : u = 60000
alternate hypothesis is
h1 : u < 60000
The population mean = 60000
sample mean = 59500
sample size = 48 tires
the standard deviation of the population is 5000
we have to solve for the standard error = sd / √n
= 5000 / √48
= 5000 / 6.928
= 721.7
b. Reject H0 if z < −1.96 or z > 1.96 using a 0.05 significance level is true
c. z test statistic =
59500 - 60000 / 721.7
= -0.69
d. -0.69 is greater than z < −1.96 , fail to reject H0
e. we have to find the p value using the p value calculator
p value = 0.49
f. Given that the p value is greater than 0.05, we cannot reject the null hypothesis. The answer is no.
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a lower price elasticity of demand coefficient occurs when: group of answer choices the market is broadly defined. many substitutes exist. the quantity demanded is more responsive. few substitutes exist.
A lower price elasticity of demand coefficient occurs when a.many substitutes exist.
What is the Price elasticity of demand ?Price elasticity of demand can be described as the tools that is been use by the economist to find the ratio of the percentage change in quantity demanded which can be attributed top the product of the percentage change in price.
It should be noted that the Economists do make use of this price elasticity of demand coefficient so that they can have the understanding of how supply as well as the demand change as a result of the product's price changes.
In conclusion, the lower price elasticity of demand coefficient can be seen to become lower when there is the presence of many substitutes because these substitutes can be used in the replacement of the products in the market and these substitutes can be using by the customer without actually concern about the products.
Therefore, the first option is correct.
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it is important for a sales person to understand the specific wants and needs of prospective customers and then be able to create and communicate value to them. this is known as a
Customer strategy, Customer strategy, according to Merkle, is "a data-driven approach to maximizing the financial value of customers, by combining a profound understanding of customer needs
What is customer strategy ?
Customer strategy, according to Merkle, is "a data-driven approach to maximizing the financial value of customers, by combining a profound understanding of customer needs, behaviors, and value with the ability to engage specific customers in the best possible way at various touchpoints across the entire relationship with those customers."
The articulation of the unique value and experience your business will provide to a predetermined group of customers over the course of three to five years, along with the offerings, channels, operating model, and competencies you will need to achieve it, is what we mean by customer strategy.
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Question 19
Which of the following business trends affects HR management:
O Costs of business going down
O Globalization
O Lack of new technology
O No restructuring
The business trend that often affects Human Resource Management is Globalization.
How does Globalization affect Human Resource Management?Human Resource Management refers to everything that has to do with the employees of an organization. This includes advertising job posts, recruiting new people, hiring them officially, training them to some extend, and then placing them in various departments in an company.
As a result of this, there are several trends in business which can affect human resource management. Chief amongst them is Globalization. As a result of Globalization, companies are now present in different countries and can also hire people from those countries.
This means that Human Resource Management now has to be broader in scope to incorporate the different employment practices across the globe. They will also have to advertise to other people around the world as they aim to search for better quality employees who can be paid less.
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3. What are your specific responsibilities for making travel arrangements? How much of the booking information takes place
online?
Most businesses have someone who is ultimately in charge of overseeing travel. There will be a dedicated travel manager in major businesses.
Who is responsible for making travel arrangements in an organization?Most businesses have someone who is ultimately in charge of overseeing travel. There will be a dedicated travel manager in major businesses. However, this position frequently goes to a member of the administrative or financial teams in smaller, developing businesses. It's only one of their jobs, too.
The travel manager oversees every aspect of business travel. They aid in the development of a company's travel strategy, oversee travel arrangements, assist in choosing the best corporate travel agency for the business, organize and manage travel expenses, and ensure the security of business travelers.
Pick your destination.Decide the duration of your trip.Book flights, train, or bus tickets, and accommodation.Plan the day-wise activities and course of action.Pack diligently and create all the necessary adjustments.To learn more about travel arrangements refer to:
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________ is a technique used by many companies to identify areas for improvement.
Statistical process control is a technique used by many companies to identify areas for improvement.
This is further explained below.
What is statistical process control?Generally, The use of statistical tools to monitor and regulate the quality of a manufacturing process is known as statistical process control or statistical quality control.
This helps to guarantee that the process functions effectively, therefore creating more items that correspond to the specifications while simultaneously reducing the amount of waste.
In conclusion, Statistical process control is a method that a lot of businesses utilize to figure out where they can make some changes for the better.
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Statistical process control is a technique used by many companies to identify areas for improvement.
What is companies?
Companies are legal entities that are legally registered in accordance with the Company Act. The companies are the main motive of the earning the profit. The companies are the making the profit to run the business.
The use of statistical methods to supervise and regulate the quality of a manufacturing process is referred to as statistical process control. The lower level of waste is a benefit in company of statistical process control. The comparison is made on a daily basis.
As a result, the Statistical process control is a technique used by many companies to identify areas for improvement.
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Your manager is very concerned about the cost of hiring the three new employees needed for your unit. As a result, she doesn’t want to post the advertisement in a variety of places; she thinks it’s best to just use a “refer a friend” recruitment strategy. When she moves forward with this strategy, ten people turn in résumés. Upon looking further, it appears all applicants went to the same private religious college and graduated around the same time. You are concerned that this method of recruitment lacks diversity.
1. How would you handle this matter with your manager?
By using a “refer a friend” recruitment strategy, the recruitment lacks diversity, so I would suggest my manager to try both the ways - external recruitment and employee referrals.
The manager can place the recruitment application on job search websites which offers free of cost services to hire people. He can use social media of the organization and can advertise about the open positions. Open positions can also be posted on the company's website.
External recruitment helps in adding perspectives, enhancing diversity and finding a specialized candidate.
Employee referrals recruitment lacks diversity, may develop an "us versus them" mentality and the strongest candidate may not be selected.
Both the methods have their own pros and cons, so they should be used judicially while recruitment.
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suppose that pandastan has a gdp of $5 billion and a population of 2 million, while tigerstan has a gdp of $3 billion and a population of 1 million. which country has a higher gdp per capita, and what is that value?
Tigerstan has higher GDP of $3000
What does a country's GDP mean?The most widely used indicator of an economy's size is its gross domestic product (GDP). The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a result, it accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (fewer imports).
Formula for GDP per capita = GDP/ population
GDP per capita of Pandastan = 5000000000/2000000 = $2500
GDP per capita of Tigerstan = 3000000000/1000000 = $3000
Hence, Tigerstan has hogher GDP of $3000
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the listing price of a property is established by: select one: a. the multiple listing service b. the owner c. the appraiser d. the listing salesperson and his broker
A property's listing price is determined by the listing salesperson and his broker.
What is the listing price of a property?In the real estate business, the list price is the proposed gross sale price of real estate property when it is placed on the market.
Breaking Down List Price
A listing agreement is a legally binding agreement between the property owner and the real estate broker. The sort of listing agreement dictates the nature of the connection between the two and what the real estate broker is expected to do. The listing agreement will also specify how the property will be promoted as well as the pay for the real estate broker. The list price is one of the problems addressed in the listing contract.
In some cases, a comparative market analysis may be the most effective approach for calculating a competitive list price. This sort of study is typically performed by real estate agents while researching the prices of comparable houses sold in the area. Because no two homes are precisely comparable, agents will make appropriate changes to account for variances among houses sold in a certain region in order to arrive at a reasonable list price.
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How do you know if a company fosters an innovative culture and climate?
a) It has a set of dependent processes and structures for how the company
designs solutions.
b) It allows for experimentation, failure, and risk taking.
Oc) It focuses only on producing the products that have made it successful.
d) It seeks feedback from a small thinktank of individuals who have a pulse on
consumers.
e) It uses change agents to broker disagreements between management and
innovators.
Answer: 2nd option
Explanation: because big organizations like Car dealerships such as Honda set aside substantial capital every year to sustain the innovative culture and climate in the company. To foster an innovative culture in the company, all or most employees' commitments are usually required so that new new ideas are created, this allows employees to catch the newer technology, and then also allows them to learn from trial-error methods.
dale is a stay-at-home-parent whose typical day consists of getting the kids ready for school, doing the laundry, cooking three meals, and cleaning the house. how are dale's home activities counted in gdp?
Dale's home activities will not be counted in GDP.
What is GDP or Gross Domestic Product?Gross Domestic Product is described as the total market value or the total value in terms of money for all the services and goods that have been manufactured within a nation or a country. It is important to mention that the Gross Domestic Product provides an overall idea of the economic health of a country, and the domestic production carried out in it.
Dale mainly stays at home and his work generally revolves around getting the kids to school, cooking, doing the laundry, and cleaning the house. All these activities do not contribute to the Gross Domestic Product of the country. Hence, such activities will not be considered.
It can be concluded that Dale's home activities will not be counted in GDP.
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Marina (33) will use the single filing status. She itemized deductions in 2020. She plans to itemize for 2021. For her plan to itemize deductions to be the most beneficial her itemized deductions should exceed a threshold amount of:
A. $12,400
B. $12,500
C. $13,900
D. $18,800
Based on the single filling status of Marina, and current tax laws on itemized deductions, for Marina's itemized deductions to be beneficial, they should exceed a threshold of B. $12,500.
How to find the most beneficial itemized deductions?Tax laws are such that if the expenses you wish to deduct as itemized deductions are more than the standard deduction, then you should itemize your deductions.
What this means is that for Marina's plan to itemize deductions to be successful, she needs to have less itemized deductions than the standard deduction for those who are married and filing single. But, this amount should be as close as possible to the standard deduction.
In 2021, the standard deduction for those filing single was $12,550. This is as opposed to $18,800 for Heads of Households. The advantageous itemized deductions that Marina should exceed therefore, is $12, 500.
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Julio emailed a contract to his vendor’s supply chain manager. Even though Julio sent the contract, the contract is not valid until the supply chain manager receives and executes the contract. What key principle about contracts does this scenario describe?
A. Legal capacity
B. Exchange of value
C. Legal purpose
D. Offer and acceptance
The key principle about contracts that this scenario describes is Offer and acceptance. The appropriate response is option D.
What is Offer and acceptance?The foundation of a contract is what is meant by offer and acceptance. The formation of a contract requires that one party make an offer, which another party must accept, and that the two parties subsequently exchange products and/or services.
The acceptance of an offer by the offeree marks the start of the second stage of contract formation. A person who makes an offer is known as an offeror, while a person who accepts an offer is known as an offeree.
The contract won't exist if one party makes an offer and the other party doesn't accept it. This is because a contract cannot be made unless both parties agree to it, and for that to happen, an offer must be.
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Business partners Melinda and Joseph are discussing which legal structure to choose for their business. They are leaning toward creating a corporation. What is one advantage of a corporation for these partners?
A. They would have lower setup costs.
B. They would follow fewer government regulations.
C. They would have protection from personal liability.
D. They could set the business up without assistance from a lawyer.
The main advantage of a corporation for these partners is that they would have protection from personal liability.
What is a corporation?Some people known a corporation as a legal person. It is defined as a legal entity that is separate and distinct from its owners which possess many of the same rights and responsibilities as individuals. This means that a corporation can enter contracts, loan, borrow money, sue and be sued, hire employees, own assets, pay taxes etc.
A very important element of a corporation is its limited liability which means that its shareholders are not personally responsible for the company's debts.
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What is meant by differemtial outcomes in regards to Diversity-validity dilema
The meaning of differemtial outcomes in regards to Diversity-validity dilema is the tradeoff between the selection of valid predictors a regards the employee performance.
What is diversity-validity dilemma?The diversity-validity dilemma can be described as the adverse impact that do occur through the selection decisions that is been focused on the selection tool .This focus on the tradeoff that exist between the valid predictors of employee performance .
It should be noted that the differential outcomes effect can be described as the theory in behaviorism, which is been used in the psychology field, and this help to display the positive effect with respect to the accuracy which can be found in the discrimination of learning.
In conclusion, this can be seen in the different stimuli in a case whereby there is a rewards which is been paired with each individual stimulus together so as to arrive at a common juncture.
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How do I find the payment of a 10 year $10,000 mortgage with a 10% annual interest rate?
Based on the mortgage value, the interest rate, and the period of 10 years, the payment can be found to be $1,627.45
How to find the payment amount?The payment amount to repay the 10 year mortgage will be an annuity because it will be a constant and specific amount over the 10 years.
To find the annuity, use the present value of an annuity formula:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ - number of periods) / rate
Solving for the annuity gives:
10,000 = Annuity x ( 1 - ( 1 + 10%)⁻¹⁰) / 10%
10,000 = Annuity x 6.14457
Annity = 10,000 / 6.14457
= $1,627.45
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a firm's strategic profile based on value creation and cost is called its ______.
A firm's strategic profile based on value creation and cost is called its strategic control. Value drivers fall into three categories: growth drivers, efficiency drivers, and financial drivers. As seen in Figure 1, businesses often manage these value drivers in four different ways.
The exact tasks that will have the biggest impact on performance in each area can be given top priority by management by focusing on value drivers. Business-level strategies look at how companies contend in a certain sector. The executives of companies decide whether to base their competitive advantage on pricing or differentiation, and whether to focus their activities on a wide or the confined market. These decisions determine the firms' resulting strategy.
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a taxpayer may exclude which of the following from their gross income?
A. an allocation of income from a business structured as a partnership, based on the taxpayers percentage of ownership.
B. dividend income from a mutual fund investment.
C. gain from the sale of rental property.
D. life insurance if paid by reason of death of the insured
Answer:
D. life insurance if paid by reason of death of the insured
Explanation:
You want to know which of business income, dividend income, rental property sale proceeds, or life insurance can be excluded from gross income.
Life insuranceThe death benefit paid by a life insurance policy is not taxable and may be excluded from gross income. Any interest it may have earned is taxable and should be reported.
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Which components of your HR plan will you have to change?
What additional information would you need to create an action plan for these changes?
Integrate a more strategic HR plan into the new business without a doubt. In order to explain the changes to both the new and existing employees strategy, the manager should study the current HR policies and schedule a training session.
They involve reviewing the current labor business, predicting future need for labor, balancing supply and demand, and advancing organizational objectives. Create an action plan with specific measures to implement all suggested improvements. The strategy must be thorough, understandable, and current. The action plan should also incorporate the knowledge and concepts you had obtained when the deliberating on your goals and tactics.
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Amy is buying a new laptop. She is interested in what her peers have to say about laptops. Amy reached out to her friends because the use of a laptop is
Amy is buying a new laptop. She is interested in what her peers have to say about laptops. Amy reached out to her friends because the use of a laptop is situation decision to make. Thus the correct option is Last.
What is the laptop?A laptop is referred to as an electronic device that is the latest technology having similar features to a computer. The laptop is easy to carry and can be used in traveling or in motion due to its portability.
In order to avoid using a strategy, situational decision-making entails making sensible, practical decisions or choices while taking into account the unique scenario or context.
In order to make a decision about buying a new laptop Amy is looking for feedback from her peers and friends about the laptops to make the best possible use of a laptop for work purposes based on the evaluation of their responses.
Therefore, the last option is appropriate.
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Choose the response that correctly states the maximum penalty the IRS can assess against a paid tax return preparer who fails to satisfy the due diligence requirements when preparing a return for an individual claiming the following tax benefits: • Head of household filing status. . Earned Income Tax Credit. . Child Tax Credit/ Additional Child Tax Credit / Other Dependent Credit. • American Opportunity Tax Credit. $2,180 per return. $1,635 per return.
A. $2,180 per return
B. $1,635 per return
C. $545 per return
D. $0, although penalties may be assessed against the taxpayer
$2,180 per return is the American Opportunity Tax Credit. $2,180 per return. $1,635 per return. Hence, option A is correct.
What is Tax Credit?The term "refundable" refers to tax credits that, if you are eligible for them and their value exceeds the tax you must pay, you will be given a refund for the difference. For instance, if your tax debt is $800 and you are eligible for a $1,000 refundable credit, you will get a $200 refund.
Any legal credit or deduction that lowers your tax obligation is a good thing. Financial experts concur that tax credits, however, are superior than tax deductions due to the amount of money they can help you save.
In general, tax credits are viewed as benefits, but unlike other social security benefits, they are computed as an annual amount and paid in installments throughout the course of the tax year (beginning on April 6 in each year).
Thus, option A is correct.
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How is a job analysis used in the process of job evaluation?
To give accurate information about the jobs under consideration, job evaluation involves some fundamental job analysis. The job analysis and the job evaluation that results are frequently the starting point. On the basis of this, the job is assessed.
The job's added value to the organization is one of the main evaluation criteria. Job analysis is the process of researching a job to ascertain what tasks and duties it entails, how important it is in comparison to other jobs, the skills accurate to do the job, and the working environment. A job evaluation is frequently described as the procedure used to determine the duties, responsibilities, abilities, goals, and working conditions for a particular position.
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Please help me is about economics
Prices and consumer demand are inversely related. This is referred to as the Law of Demand.
If video game prices fall, how will they impact demand?According to the law of supply, a price drop will cause a drop in the number of video games available. However, if video games are made more accessible, demand will rise. Price and demand are inversely related. The Law of Demand is what is used to describe this. Demand decreases as the price rises (but demand itself stays the same). Demand rises proportionately as prices decline.
What happens if the substitution effect causes the price of ice cream to increase?According to the substitution effect, as prices rise or incomes drop, individuals choose less expensive options. The replacement impact monitors the adjustments in consumer purchasing patterns brought on by price changes. More popsicles than ice cream will be purchased in the aforementioned scenario. Ice cream consumption will fall, while popsicles will rise in popularity.
What will happen to the price of coffee when people stop buying tea?If the price of coffee goes up, people stop buying tea and just buy coffee. Tea consumption declines while coffee consumption rises. The term "income effect" refers to the change in consumer spending that depends on income. This suggests that if their income increases, people will generally increase their spending. They might spend less if their income drops. The outcome has little bearing on what goods buyers will buy.
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Neema is a manager for a television manufacturer. She manages the logistics, quality, and productivity of the service
department. Thus, Neema is a?
MRP determines the necessary materials and when they will be needed during the manufacturing process using data from the bill of materials (BOM), inventory data, and the master production schedule.
When businesses divide the transformation process into departments that group related processes, what is the term used?
Process-layout-using businesses. The transformation process is divided into departments that group related processes in a process layout. A metal fabrication facility, for instance, might comprise divisions for cutting, drilling, and polishing. A hospital might have an obstetrics unit, an X-ray unit, and so forth.
What distinguishes a business as a manufacturer or a service provider?
The five key distinctions between service and manufacturing organizations are the tangible nature of their output, production on demand or for inventory, production tailored to the needs of a specific customer, labor-intensive or automated operations, and the requirement for a physical production location.
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