Persuasion is essential for success in a commercial setting. When you are making more than commonplace demands, persuasion is required. Effective credibility includes establishing trustworthiness.
Being credible is the same as being trustworthy. When someone speaks in front of an audience, they want to be believed. They want to know who the Persuasion speaker is and why they are competent to give the speech. These questions should be addressed in the speaker's opening statement of credibility. Why should the audience pay attention to the speaker is Persuasion explained in the credibility statement.
Its goal is to establish/demonstrate the speaker's credentials and validity in relation to the subject. A credibility statement can also be called a credibility position. The opening of the speech should be attention-grabbing, followed immediately by the assertion of credibility.
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the primary advantage of the high-low method over other cost estimation methods is that: a. it is a more straightforward approach to determining the variable and fixed elements of mixed costs b. it utilizes only two data points rather all data points within a relevant range c. it can only be applied within the relevant range of observations of the independent variable d. it relies on judgment to determine the cost estimation model
The primary advantage of the high-low method over other cost estimation methods is that: a. it is a more straightforward approach to determining the variable and fixed elements of mixed costs.
Mixed cost is the fee that modifications with a exchange inside the company's manufacturing quantity, because the variable fee, and the equal cannot be eliminated from the enterprise's overall price just like the constant fee. they're frequently associated with production or manufacturing.
Variable expenses are costs that alternate as the quantity of the good or provider that a enterprise produces adjustments. Variable prices are the sum of marginal expenses over all devices produced. They also can be taken into consideration regular fees. constant costs and variable costs make up the 2 additives of overall price.
Variable charges are people who range with manufacturing or activity ranges. general blended costs are located via including each the constant expenses and variable costs collectively.
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which statement accurately depicts how volatile exchange rates affect the international capital market? multiple choice question. volatile exchange rates create uncertainty which might act as a brake on the growth of the international capital market. volatile exchange rates foster growth and prosperity within the international capital market. volatile exchange rates have no effect on the international capital market because it is smaller than the domestic market.
This statement accurately depicts the effects volatile exchange rates create uncertainty which might act as a brake on the growth of the international capital market.
Volatile change rates make international trade and funding decisions extra hard because volatility will increase exchange fee danger. alternate price danger. refers back to the potential to lose cash due to a exchange inside the trade price.
Trade charge volatility refers to the tendency for overseas foreign money to comprehend or depreciate in value and in the long run impacts the profitability of a exchange (or switch) remote places.
Forex fluctuations are a natural outcome of floating alternate rates, that's the norm for maximum foremost economies. numerous elements affect alternate prices, which includes a rustic's monetary performance, the outlook for inflation, interest fee differentials, capital flows and so on.
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select all that apply. demonstrating positive employability skills is important at work. which of the following are positive employability skills your employer is seeking? responsibility responsibility punctuality punctuality commitment commitment enthusiasm
Responsibility and punctuality demonstrating positive employability skills is important at work. Employers value honesty, reliability, attitude, and loyalty in their workers. These are the qualities of someone who will do their duties well, aid in business success, and promote personal development.
It is getting more and harder for workers to stand out and do well in the employment market. Many people are searching for new jobs amid competition, and as a result, competitiveness is growing. Although the offer is quite attractive to businesses, it is best for people who already have a job to remain there. To stand out in the eyes of employers, job applicants must retain the aforementioned qualities.
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as part of an anti-obesity program, the government places an excise tax on high-fat foods. we would expect consumers to pay almost all of this tax if demand is:
As part of an anti-obesity program, the government levies an excise tax on high-fat foods. We expect consumers to pay almost all of this tax if demand is inelastic and supply is elastic.
Because the flexibility of demand and supply affects the tax burden. More of the tax burden is borne by people the more inelastic the curve is.
When the elasticity is greater than one, it indicates that the demand or supply is very responsive to changes in price. A demand or supply is said to be inelastic if its elasticity is less than one, indicating that it is not very responsive to price changes.
A boost in demand will cause a small price increase but a significant increase in demand when the supply is elastic. If supply is inelastic, a rise in demand will lead to a big price increase but a little rise in demand. The supply is said to be price inelastic if the price elasticity of the supply is less than 1.
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during march, a firm expects its total sales to be $169,000, its total variable costs to be $95,900, and its total fixed costs to be $25,900. the contribution margin for march is:
The contribution margin for march is $73100
Contribution margin is that part of sales revenue which has not been consumed by the variable cost.
Contribution margin is selling price minus variable cost or also we can say selling price per unit minus variable cost per unit.
In this ques, it is given that total sales are expected to be $169000 and variable cost to be $95900.
Contibution margin = Selling price - Variable cost
Here, Selling cost = $169000
Variable cost = $95900
Thus, contribution = $169000-$95900
= $73100
When fixed cost is deducted from contribution margin, we get profit
Here, fixed cost = $25900
Thus, profit = contribution - fixed cost
= $73100 - $25900
= $47200
Thus, contribution margin and profit for march are $73100 and $47200 respectively.
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he characteristic that indicates that a data warehouse is organized around key high-level entities of the enterprise is: integrated. subject-oriented. time-variant. nonvolatile.
The characteristic that indicates that a data warehouse is organized around key high-level entities of the enterprise is subject-oriented
What is data warehousing?A data warehouse is a database that is kept apart from the operating database of the company.A data warehouse does not frequently update its contentsIt has aggregated historical data, which aids in the organization's business analysis.Executives can organize, comprehend, and utilize their data to make strategic decisions with the aid of a data warehouseSystems for storing data in a data warehouse assist in integrating various application systems.Data warehouses are subject-oriented and give information about a particular topic rather than the ongoing activities of the company. These topics can include things like products, clients, suppliers, sales, and revenue. A data warehouse focuses on modeling and data analysis for decision-making rather than on ongoing activities.
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which of the following are outcomes associated with various types of organizational culture? multiple select question. stronger quality and innovation in hierarchy cultures higher financial performance in market and hierarchy cultures higher customer satisfaction in clan and market cultures higher market share in adhocracy cultures more positive organizational outcomes in market cultures higher market share in clan and market cultures
The appropriate behavior inside an organization is determined by its culture, hence the correct answers are- (b), (c), (d) and (e).
Outcomes associated with various types of organizational cultures are-
Higher financial performance in market and hierarchy culturesHigher customer satisfaction in clan and market culturesMore positive organizational outcomes in market culturesHigher market share in clan and market culturesAll team members' behavior is influenced and guided by the values, beliefs, and procedures that make up the organization's culture. Regard it as the assortment of features that characterize your corporation. While a disordered organizational culture brings forth traits that can hamper even the greatest successful corporations, a positive organizational culture displays desirable traits that encourage superior efficiency.
The complete question is here:
Which of the following are outcomes associated with various types of organizational culture? (Choose every correct answer.)
Multiple select question.
Higher financial performance in market and hierarchy culturesHigher customer satisfaction in clan and market culturesStronger quality and innovation in hierarchy culturesHigher market share in adhocracy culturesMore positive organizational outcomes in market culturesHigher market share in clan and market culturesLearn more about Organization's culture here:
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Answer: higher customer satisfaction in clan and market cultures
Higher market share in clan and market cultures
More positive organizational outcomes in market cultures
Explanation:
a company establishes control with its most recent of a series of purchases of company b's voting stock. what are the valuation implications for company a's investment in company b as of the date control is obtained? multiple choice question. company b will be valued in total as the sum of the acquisition prices of each of the series of purchases. company b will be valued as the sum of the preacquisition equity method balance plus the purchase price that established control. company b will be valued in total at its control-date fair value.
Option (c), which states that Company B will be valued overall at its control-date fair value, is the proper choice.
What options does the parent business have to record the investment on separate books?The consolidated method and the equity method are two well-liked accounting solutions. The revenue from a subsidiary firm is recorded by parent companies using the equity method and is adjusted every fiscal period.
What time period should be considered the purchase date for a corporate merger?The date the acquirer takes control of the acquiree is known as the acquisition date according to IFRS 3. This is typically the designated closure or completion date in a combination made pursuant to a sale and purchase agreement (The transfer of consideration, the issuance of acquiree shares, or the acquisition of underlying net assets).
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What is the test for whether a contract is governed by the statute of frauds because of the one-year rule?.
Contracts that cannot be fulfilled in a year. Contracts frauds that cannot be carried out within a year after the contract's formation must be in writing in accordance with this clause of the Statute of Frauds. The contract's one-year time frame begins on the day it is made.
The goal is to stop fraud and other types of harm. Contracts frauds involving the sale or transfer of land and contracts that cannot be completed within a year are the most frequent contract kinds to which the Act applies. any vows made, including presents like an engagement ring, that are related to the marriage. contracts that take longer than a year to fulfil. contracts for buying and selling land.
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jasper incorporated prepares its financial statements according to international financial reporting standards. at the end of its fiscal year, the company chooses to revalue its equipment. the equipment cost $810,000, had accumulated depreciation of $360,000 at the end of the year after recording annual depreciation, and had a fair value of $495,000. after the revaluation, the equipment account will have a balance of:
The accumulated depreciation account will have a balance of $220,000
Calculation to determine what the accumulated depreciation account will have a balance of:
$360,000 x ($495,000/810,000) = 220,000
$220,000
What is accumulated depreciation?
On a company's balance sheet, the accumulated depreciation account is a counter asset account. A credit balance is represented by it. It appears as a decrease from the reported gross quantity of fixed assets. The amount of wear on an item over the course of its useful life is calculated using accumulated depreciation.
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________ flows involve money transfers, payments, credit card information and authorization, payment schedules, e-payments, and credit-related data.
Financial flows involve money transfers, payments, payment schedules, credit card information and authorization, credit-related data, and e-payments.
Financial flow is one of the three main flows of the supply chain. Financial flows involve the transfer of money from consumers to suppliers. Financial flows of supply chain management deal with the financial and economic aspects of businesses. Financial flows can be considered from two perspectives: the first is from the cost and investment perspective and the second is from the perspective of flow of funds.
The financial flow includes payment schedules, credit terms, and consignment, and title ownership arrangements. In order to manage financial flows in the supply chain, a number of opportunities and challenges are encountered that need to be addressed properly. Since the financial flow is a key supply chain management activity that directly impacts cash flow positions and the profitability of the organization.
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late entrants who come into the market at maturity must try to take a share of an already saturated market. they attempt to do this by investing heavily in . multiple choice question. promotion staffing distribution buildings
If late entrants who come into the market at maturity must try to take a share of an already saturated market. they attempt to do this by investing heavily in promotion.
What is promotion?Promotion can be defined as a form of marketing strategy that is used to create awareness about a new product or already existing product so as to attract potentials customers.
Market saturation tend to occur in a situation were a product is higher than what was demanded in the market and this can sometime affect manufacturer of the product as the may find it hard to increase their revenue.
Therefore the correct option is A.
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when the us allowed foreign banks to enter the us capital market and domestic banks to expand their operations overseas in the late 1970s, it was due to blank . multiple choice question. forecasting deregulation a subsidiary a buy-out
When the US allowed foreign banks to enter the US capital market and domestic banks to expand their operations overseas in the late 1970s, it was due to deregulation which is the reduction of state regulations.
Deregulation is the removal or reduction of state regulations, usually in the economic sphere. It is the repeal of governmental economic regulation. While companies complain about how a regulation is impeding their ability to compete, the government removes it.
The declared reasoning for deregulation is frequently that few or no and simpler regulations will increase competitiveness, resulting in higher productivity, greater efficiency, and lower overall prices.
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Because this type of conflict is due to organizational design, adjusting the design often reduces or eliminates the conflict.
The type of conflict that is due to organizational design and in which adjusting the design often reduces or eliminates the conflict is: Structural Conflict.
What is structural conflict?Structural conflict is a kind of conflict situation that arises when there is an unequal distribution of power. This causes an imbalance that upsets the organization. It also often arises due to the way the organization is set up. This kind of conflict is often seen in the economy and in social and political settings. Structural conflict is a matter that stems from the design of the setup.
To correct such a conflict, the setup has to be adjusted so that all who are involved will be able to have relief from the underlying problems. Structural conflict can affect people's relationships with each other. It can also be a problem with the person who is given the task of making critical decisions in an establishment.
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due to a recession, expected inflation this year is only 2.75%. however, the inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%. assume that the expectations theory holds and the real risk-free rate (r*) is 1.5%. if the yield on 3-year treasury bonds equals the 1-year yield plus 1.0%, what inflation rate is expected after year 1? round your answer to two decimal places.
The inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%.
Yield on 1 year trasury bond: r1=4.25+3.5 = 7.75%
Now, yield is r3 = 7.75+1.5 = 8.25%
r3=r*+inf
8.25=3.5+inf
inf=4.75%
4.75 = (4.25+i+i)/3
14.25 = 4.25 +2i
2i = 10
i = 5%
Inflation expected after year 1 is 5%
The computation of the inflation rate is expected after Year 1 is shown below:-
the Yield on year 1 treasury bond
Let us assume the inflation rate be I
r1 = risk free rate + Inflation rate
= 2.5% + 2.25%
= 5.75%
r3 = r1 + 0.50%
= 5.75% + 1.50%
= 7.25%
Now,
r3 = risk free rate + IP3
= 7.25% = 2.5% + IP3
IP3 = 4.75%
Year 1 Inflation = 4.75%
Year 2 Inflation = I
Year 3 Inflation = 2
So, inflation rate is expected after Year 1 = (3.25% + I + I) ÷ 3 = 4.75%
(3.25% + I + I) = 14.25%
2(I) = 11%
I = 5.5%
answer is 5.5%
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How does the habit of creating a budget—and sticking to it—reflect financial maturity and responsibility?.
The habit of creating a budget and sticking to it reflects financial maturity and responsibility as a person learns to keep his expenses in control.
The habit of creating a budget shows maturity and responsibility as a person learns to keep his expenses under check by creating a budget.
A budget abstains a person from buying unnecessary things and acting responsibly toward your expenses.
Creating a budget makes you responsible by realizing where to spend your money.
The financial life of a person is traced through the budget and by stocking to your budget you can save for your future and be responsible towards your future.
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your 75-year-old grandmother expects to live for another 15 years. she currently has $1,000,000 of savings, which is invested to earn a guaranteed 7.5% rate of return. ignoring the effects of inflation, how much can she withdraw (to the nearest dollar) at the beginning of each year and keep the withdrawals constant in nominal terms until the balance goes to zero at the end of the 15th year?
$105,383 for every year is withdrawn by ignoring the effects of inflation.
75-year-old granny anticipates another 15 years of life.
She currently has $1,000,000 saved, which she has invested for a 7.5% guaranteed return.
The sum is determined as follows:
Annual withdrawals x [(1 - 1 / (1 + r)n) / r] = present value. x (1 + r)
Annual withdrawals x [(1 - 1 / (1 + 0.075)15) / 0.075] x 1.075 = $1,000,000
Annual withdrawals x 8.827119745 x 1.075 = $1,000,000
withdrawals per year = $1,000,000 / (8.827119745 x 1.075)
$1,000,000 / 9.489153726 is the annual withdrawal amount.
105,383 dollars in withdrawals per year approximately.
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f the main body of the purse requires four major sequenced steps, then based on the following information, what is the critical path time? process a: 14 minutes process b: 2 minutes process c: 6 minutes process d: 11 minutes
Answer: 33 Minutes
Explanation: 14 + 2 + 6 + 11 = 33
If the purse's primary body calls for four sequentially important measures. Consequently, based on the information provided, the critical path time is [tex]33[/tex] minutes.
What does critical path time mean?The longest series of tasks that must be completed by a certain date in order for the project to be considered successful is known as a critical path in project management. The rest of the project will be delayed if crucial activities take longer than expected.
The critical path technique enables one to evaluate the effects of work delays. Project completion time will be compromised if tasks on the critical path are delayed.
[tex]14 + 2 + 6 + 11 = 33[/tex]
Therefore, the critical path time is [tex]33[/tex] minutes.
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how can trainee appraisers be assured that the duties assigned by supervisor appraisers will enhance their understanding and progression of knowledge and experience in all applicable valuation methodologies and approaches to value?
A new requirement for both trainee and supervisory appraisers is to take a course covering the expectations and responsibilities of appraisers in these roles.
The appraisal methodology denotes the method of calculating an asset's value based on elements including its cost, the revenue it generates, and its fair market value (FMW) in comparison to other assets of a similar nature. The final assessment value is essentially an educated guess that tries to predict the cost of an asset in a free market. Despite the fact that appraisals are frequently carried out in conjunction with a sale of an item, they can also be done for insurance or taxation reasons.
The appraisal method is employed to establish the value of high-value assets including real estate, works of art, jewels, cars, financial interests in oil reserves, and other non-traditional assets.
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A _____ is a set of unique features of a company and its products that are perceived by the people or companies the organization wishes to serve as significant and superior to those of the competition.
A competitive advantage is a set of unique features of a company and its products that are perceived by the people or companies the organization wishes to serve as significant and superior to those of the competition.
What exactly is a competitive advantage?If a company have something that gives it an edge over its competitors that eventually helps it attract more customers and grows its market share, then it is a competitive advantage to the company.
There are three primary forms of a competitive advantage, namely (1) cost advantage, (2) offer advantage, and (3) niche advantage.
Cost advantage means providing a service or producing a product at a lower cost than competitors.Offer advantage means a company's product or service stands out from the competitors by meeting a unique customer need.Niche advantage means designing a product or service that attracts a specific audience.Find out more about competitive advantage here: https://brainly.com/question/26514848
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jan throng invested $31,000 in the invesco charter mutual fund. this fund is a front load fund with 5.50 percent commission. calculate the amount of commission jan will pay when the fund is purchased.
The amount of commission Jan will pay when the fund is purchased is $1,705.
What do you mean by fund?
A fund is a collection of money set aside for a specific purpose. A fund can be established for a variety of reasons, such as the government setting aside funds to build a new convention centre, a college setting aside funds to grant a scholarship, or an insurance company setting aside funds to repay its customers' claims.
The investment is $31,000 in the invesco charter mutual fund and fund is a front load fund with 5.50 percent commission,
so, 31000 x 5.50 %
= $1,705 commission paid
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you are the owner of a comfort inn and would like to hire a new general manager. in terms of preventing possible agency problems, what should you include in your offer? a. profit sharing b. a fancy office with a private secretary c. a 37-hour workweek d. a very high fixed salary
You wish to appoint a new general manager at your Comfort Inn. You ought to offer profit sharing as a way of avoiding potential agency issues.
A retirement plan known as a profit-sharing plan allows employees to participate in the company's profits. An employee is given a portion of a company's profits under this kind of plan, also known as a deferred profit-sharing plan (DPSP), based on its quarterly or yearly results.
If employee A earns $100,000 and employee B earns $200,000, the comp-to-comp approach will be used. The business decides to distribute 20% of its yearly revenues to its workers. The business made $500,000 in revenue.
Employers who are having cash flow problems may find a profit-sharing plan to be a useful solution. Employers are free to alter the amount of their annual contributions. Businesses, especially small business owners, can reduce their corporation taxes. Plans are adaptable by nature.
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which of the following accurately describes culture and organizations?multiple choiceorganizations have unique cultures that influence how their members operate.culture exists only outside of an organization, not within it.organizations always rely on cues from pop culture in creating an environment.organizational culture really only shows itself at social events like company picnics.
This represents community culture among in a work organization.
What is organizational culture?
The acceptable behavior in a company is determined by its culture. This culture is made up of a set of common ideals and beliefs that have been formed by leaders, disseminated, and reinforced through a variety of channels, ultimately influencing how employees think, act, and perceive the world. The backdrop for every action taken by an organization is determined by its culture. There is no universal culture template that can be used by all organizations due to the wide variations in industries and circumstances.
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us firms that issue securities in the us have to comply with sec regulations. if these firms issue securities in the eurobond market, an advantage is limited blank requirements, as they do not have to provide as much information. multiple choice question. disclosure taxation political economic
Politics and economics are both involved in the topic of taxes. Political leaders have implemented a variety of tax changes, such as lowering (or raising) tax rates, altering the definition of taxable income, enacting new taxes on particular goods, and so forth, to further their political objectives.
Explain about the taxation political economic?
A taxation authority, typically a government, levying or imposing a financial obligation on its inhabitants or residents is known as taxing them. Since ancient times, paying taxes to governments or officials has been a fundamental aspect of civilization.
Specific tax preferences can have an impact on how economic resources are allocated, whereas high marginal tax rates can discourage work, saving, investing, and innovation. Tax cuts, however, can also reduce long-term economic development by raising deficits.
For instance, the highest payroll taxes in the United States are 2.9% for Medicare and 12.4% for Social Security, totaling a 15.3% tax rate. In this instance, the employer pays half of the payroll taxes, or 7.65% of the tax rate.
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which statement correctly names the type of hr management software that should be used for the described activity? more than one answer may be correct.
These are all the given statements, that can be considered as the names of the HR management software that should be used for the described activity. Hence, Options A, B, and C are correct.
What is HR management software?The daily operations of human resources and the organization's broader HR objectives can be managed and optimised with HR software. HR managers and staff are able to allocate their time and resources more effectively to tasks that will yield greater profits thanks to HR software.
Hiring and recruiting software is needed to look into the future to assess the company's personnel requirements. Software for pay management is needed to guarantee that hourly, salaried, and independent contractor workers are paid appropriately.
Software for employee evaluation is needed in order to record employee performance and provide an equal system for grading performance.
Therefore, Options A, B, and C are correct.
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The complete question is attached in text form:
Which statement correctly names the type of HR management software that should be used for the described activity? More than one answer may be correct
-Looking ahead to determine the future workforce needs of the corporation requires recruiting and hiring software.
-Ensuring that hourly or salaried employees and independent contractors are paid correctly requires compensation management software.
-Documenting employee performance and providing an equitable means of ranking performance requires employee evaluation software.
jack took part in a survey in which he was asked to rank the importance of certain features of the smart television he had recently purchased. the result was then used by the surveying firm to assess the different attributes of the ranking. this survey would most accurately be termed a .
This survey would be accurately termed a Conjoint Analysis
Conjoint Analysis is a type of statistical analysis of data that is conducted in firms used in market research to understand the perspective of the people regarding the goods or services they are providing. It is done on the basis of breaking down the basic factors that affect a customer's reviews or the attributes that will directly affect a person's perception of the product.
The survey Jack took part in was regarding ranking the features of a smart television that he bought. The firm collected information about the attributes that are important while rating the product in order to get a proper analysis.
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what might be a potential cost or benefit of a dynamic labor market, from the persepective of either the worker or the employer? select all that apply. in a dynamic labor market
The introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee is true for potential cost or benefit of a dynamic labour market
In a dynamic labour market:
The implementation of job protection regulations could alter the labour market's dynamics. this is due to the restrictions on job protection interfering with the regular operation of a dynamic labour market.Finding a job in a competitive labour market may be both simple and challenging for both employed and unemployed people.Unemployment lasts longer than typical in a labour market that is active. this is due to the effective interaction between employed and jobless people (job searchers and job providers) in such a market. hence decreasing unemployment.This is accurate in a competitive job market when there are long lines for both employers and employees.Therefore, the introduction of job protection regulation may change the dynamic of the labour market and it is all over easier for a job seeker to find a job, and likewise, for an employer to find an employee.
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How does the author develop the idea that the current high-tech toilet design may someday be affordable for consumers?.
The Reinvent the Toilet Challenge was launched in 2011 by the Water, Sanitation & Hygiene program to encourage the development of novel toilet technologies that securely and effectively manage human waste.
Why was the toilet invention so significant?Most upper class homes and the vast majority of public areas had restrooms by 1907, though. Since then, the toilet has unquestionably contributed to modernity and the eradication of nearly 50 diseases that can be contracted by contact with human waste, the most infamous of which are cholera, typhoid, and dysentery.The startup that created the water-generating hydropanels has funding from Bill Gates and Blackrock. In order to deliver clean water to those who need it most, Cody Friesen established Source Global in 2015. Source's hydropanels have now been used in 450 different projects across 52 different nations.The Reinvent the Toilet Challenge was launched in 2011 by the Water, Sanitation & Hygiene program to encourage the development of novel toilet technologies that securely and effectively manage human waste.To learn more about Toilet invention refer to:
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brand-switching studies can be invaluable to brand managers because longitudinal studies that show changes in market shares between several brands can be misleading. true false
the number of unemployed people actively seeking work is 10.4 million, and the number of employed people is 111.3 million, what is the unemployment rate? round the answer to the nearest tenth.
In a situation where the number of unemployed people actively seeking work is 10.4 million, and the number of employed people is 111.3 million, the rate of unemployment is 8.5%. Therefore, the option B holds true.
What is the significance of unemployment rate?The total unemployment rate can be referred to or considered as the proportion of people who remain under no employment despite actively seeking for it. It can be derived using the formula below,
Unemployment Rate = Unemployed People / Total Labor Force × 100
Using the available information and formula,
Unemployment Rate = 10.4 / 121.7 × 100
Unemployment Rate = 8.5%
Therefore, the option B holds true and states regarding the significance of the unemployment rate for the condition given above.
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A. 8%
B. 8.5%
C. 10%
D. None of the above