In just a few years, thanks to the policies and actions of its undemocratic and authoritarian economy, Venezuela has gone from being a prosperous country to a nation with widespread poverty. We use the term political economy to indicate that a country’s political, economic, and legal systems are interdependent, and influence the country’s level of economic well-being.
The study of the interactions between political and economic systems is known as political economy. Political economy examines how institutions, rules, and political behavior impact macroeconomic phenomena like growth, distribution, inequality, and trade. The three political economic systems are communism, socialism, and capitalism. Resources are owned by the state or society in communism and socialism, whereas in capitalism, private individuals are the owners.
Political economy examines the people who make up the figures as well as the social consequences of economic decisions. You can be in the world in a variety of ways thanks to political economy. It prepares you for participating in the large public debate regarding the type of society and the type of planet we'll live in.
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potential career paths in operations and supply chain management include a production manager, who .
A production manager, who organizes and oversees production in a manufacturing setting and is accountable for a diverse variety of workers, is one possible career path in operations and supply chain management.
A Production Manager is a specialist who manages the manufacturing process and coordinates all activities to ensure sufficient resources are available. They can arrange employee schedules, estimate expenditures, and develop budgets to guarantee that workflow meets deadlines.Bachelor's degree in business administration or a comparable subject is required for production managers. Prior production experience as a director or manager. Knowledge in production management, risk management, and safety laws is required. Outstanding organizational, time management, and leadership abilities.As a production manager, you'll be in charge of overseeing the manufacturing process and organizing all production activities and operations. You must plan and create a production schedule. decide on and order the necessary resources, and maintain proper stock levelsThus this is the meaning of Production manager.
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a city or county’s master plan is an example of government land-use controls where the authority is derived from the government’s
it is derived from the government’s Police Power According to United States constitutional law, the police power is the ability of the states to control conduct and uphold law and order on their soil for the benefit of their citizens' general welfare, safety, morals, and general well-being.
What elements make up police power?
The use of police authority has historically entailed the ability to (1) advance public health, morality, or safety, as well as the community's overall well-being; (2) create and enforce laws to advance the common welfare; and (3) restrict private rights in the public interest.To Learn more about police power, click the links.
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_____ is the process of grouping jobs together so that similar or associated tasks and activities can be coordinated.
Departmentalization is the process of grouping jobs collectively in order that comparable or related duties and activities may be coordinated.
The definition of a job is the work you do to earn money. An instance of a task is working at a gasoline station. job is described as the vicinity wherein you visit work and earn cash. An instance of your job is the workplace and team of workers which you work with every day.
Jobs refers to a selected employment position or function, along with preparing dinner, instructor, or banker, whereas paintings refer in a more preferred way to activities that you do. curiously, all jobs involve work but doing work is not part of a process. A process may be just going to paintings to earn a paycheck. A profession means that each of your jobs, reports, and training programs is assisting you to develop in pay or obligation.
Jobs kinds offer a manner to categorize your work and tactics. even though all jobs vary in a few ways, there are normally commonalities that may be extracted and standardized. activity sorts allow you to group similar kinds of work together.
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Within the core business process of ______, an organization provides a path for the company to follow and defines short-term objectives for the major activities in which the organization will engage.
Within the core business process of operations, an organization provides a path for the company to follow and defines short-term objectives for the major activities in which the organization will engage.
A "core" business process is described as the least number of discrete actions that must be completed in order to ensure a specific level of consistency in output—without regard for hardware, software, or performance.The core processes are those involved in the product or service's conception and creation, marketing and transmission to the service beneficiary or buyer, as well as customer feedback or after-sales support.When a core process is implemented, anything can be added to improve efficiency, but nothing can be removed. When the core business process specifies that particular tasks must be completed in a specific order, this must be represented in the implementation. Likewise, any defined formulas or steps connected with a task must be represented in the implementation.Thus the answer is operations.
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cards give consumers a unique card number that is valid for one transaction only.]
Payment cards give consumers a unique card number that is valid for one transaction only on Single-use cards.
Unmarried-use account numbers are generated via your financial organization's internet site or through downloaded software, which includes a cellular app or browser extension The account numbers can be used to make buys on line and in some cases for phone orders. A virtual credit card wide variety is a restrained-use code tied to a credit score card you have already got.
A one-time-use credit score rating card is a credit score score cards extensive range that can be used as soon as and best for a restrained time. it is usually used as an possibility to credit score rating playing cards at the same time as making on-line payments. Many banks offer this kind of credit card in which you generate a one-time credit card range on-line. you may request a one-time digital credit card variety from your card provider if it gives this option to apply for net purchase.
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A foreign currency trade that settles on a mutually agreed date after trade date is a? a cash settlement b seller's option settlement c forward settlement d spot settlement
A foreign currency change that settles on a collectively agreed date after the exchange date is a coins agreement.
Overseas foreign currency is the currency utilized by a foreign country as its diagnosed shape of financial exchange. This precise forex is the simplest shape of change that the applicable government allows for use for purchasing and selling inside its borders. for example, USD is the designation for the U.S. greenback, EUR is the designation for the Euro, GBP is the designation for the British pound, and JPY is the designation for the Japanese yen.
To desire the change of budget between exceptional nations; we can locate international locations with extra liquidity and others that want liquidity. To finance international exchange, whose transactions represent a sizable part of the foreign currency market. It serves because of the simple hyperlink among the local and overseas markets for diverse goods, services, and financial property. the use of the trade fee, we're capable of evaluating the charges of goods, services, and belongings quoted in specific currencies.
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the difference between the present value of an investment's future cash flows and its initial cost is the: multiple choice net present value. internal rate of return. payback period. profitability index. discounted payback period.
Net present value is the difference between the present value of an investment's future cash flows and its initial cost .
What is meant by Net Present value ?
Net present value (NPV) is the current value of cash inflows minus cash outflows over a period of time (NPV). NPV is a metric used in capital budgeting and investment planning to assess the profitability of a proposed investment or project. NPV is the result of calculations to ascertain the present value of a stream of payments in the future.
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You run a company that uses all of the latest fire protection features and services available. what type of insurance would be most beneficial to your bottom line?
The type of insurance that would be most beneficial to your bottom line would be mutual fire insurance.
Insurance provides financial protection against loss. It is a sort of risk management that is intended to reduce the risk of a contingent or uncertain loss. An insurer, insurance business, insurance carrier, or underwriter is a company that offers insurance."Mutual Fire Insurance (MFI) is a Canadian mutual organization with dual policyholders that provides agriculture, commercial, and home insurance solutions from British Columbia to Ontario."Fire insurance is a type of property insurance that provides supplementary coverage for losses or damages caused by a fire. Fire insurance may be capped at a rate lower than the cost of the losses incurred, necessitating the purchase of a separate fire insurance policy.Thus, the answer would be mutual fire insurance.
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How are all financial market (such as the markets for stocks, bonds, and precious metals) connected?
All financial market (such as the markets for stocks, bonds, and precious metals) connected.
(a)Financial markets have get right of entry to to each the same pool of savings and the equal organization of debtors,
The savers goal at maximizing their danger adjusted fee of go back no matter the market they're catering to and the debtors intention to limit the hobby rates they need to pay. for this reason, the financial markets have the same pool of borrowings and savings and for that reason, adjustments in one marketplace will adjust the prospects of the other market and all Financial markets are interlinked
(b) markets function each vacation spot for financial savings and resources of finances
(c) Financial markets additionally paintings at the principle of deliver and demand
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simone has decided that for their company to be more competitive and cost efficient the organization should tier back their hierarchical structure. flattened management layers global competition disruptive technologies
The correct option is flattened management layers. As Simone decided that for her company to be more competitive and economical, the organization must reduce its hierarchical structure, she must implement layers of flat management in the organization.
What is a flat structure?It corresponds to the reduction of hierarchical levels in an organization through greater autonomy and responsibility for each employee, making the intermediate management process dispensable, increasing the decision-making power, and self-management of each employee.
Therefore, a flat structure promotes the reduction of management costs, making the organization more economical, in addition to promoting communication through hierarchical integration, in addition to creativity and innovation, making the company more competitive.
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This permission-based email communication requires customers to verify the __________ method before their e-mail addresses can be used to communicate with them.
This permission-based email communication requires customers to verify the Opt-in method before their e-mail addresses can be used to communicate with them.
Email, in complete digital mail, messages transmitted and acquired with the aid of using virtual computer systems thru a community. An email machine lets in laptop customers on a community to ship text, graphics, sounds, and lively photos to different customers.
email communication is a way of changing messages among human beings through the use of digital devices. Email became therefore conceived because of the digital model of, or counterpart to, mail, at a time when "mail" intended handiest bodily mail. An email is a machine for sending written messages electronically from one laptop to another. Email is an abbreviation of 'digital mail'.
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to determine if an opportunity is attractive or unattractive for a firm, marketers can use an analysis of the external and internal environments such as through blank .
To determine if an opportunity is attractive or unattractive for a firm, marketers can use an analysis of the external and internal environments such as a SWOT analysis.
SWOT analysis is a strategic making plan and strategic management approach used to assist someone or an organization identify Strengths, Weaknesses, Opportunities, and Threats associated with enterprise competition or challenge planning. It's miles once in a while known as situational evaluation or situational evaluation.
SWOT stands for Strengths, Weaknesses, Opportunity, and Threats. Strengths and weaknesses are internal to your enterprise—things which you have some control over and can exchange. Examples include who is for your team, your patents and intellectual assets, and your region.
The blessing of using SWOT analysis is a SWOT evaluation helps you to find out the internal strengths and weaknesses of your business enterprise. It also lets you discover the external opportunities and threats that confront you. As such, it is a useful device for performing both inner and outside Strategic evaluation.
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the fundamental problem of economics implies that: governments must be relied upon to supply essential goods and services inflation and unemployment are unavoidable growing populations will deplete natural resources individuals and communities must make choices among competing alternatives
The fundamental problem of economics implies that individuals and communities must make choices among competing alternatives.
Define Economics.The social science of economics focuses on the creation, exchange, and consumption of goods and services. Economics is the study of how economies function and the activities and interactions of economic agents. Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society. In addition, the definition of economics states that it is a science that examines the production, distribution, sale, and acquisition of products and services. The analysis of the stock market is one application of economics.
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the marketing manager for dunkin' donuts paid for television and magazine advertising to announce improvements in its coffee. the advertising is an example of which variable in the marketing mix?
The advertising is an example of personal selling.
the required details about personal selling is mentioned below
What is 'Personal Selling'
Personal selling, commonly referred to as face-to-face selling, involves one salesperson persuading a customer to purchase a product.
In order to seal a deal, the salesperson uses their expertise and abilities in this advertising technique.
Personal selling is a face-to-face sales technique where a salesperson uses their people skills to convince a customer to purchase a specific product.
The salesperson tries to highlight numerous features of the product to convince the buyer that it will only bring value.
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If revenues exceed expenses for the accounting period, the retained earnings account?
If sales during the accounting period are higher than expenses, the retained earnings account will have a lower balance after closing.
Retained Earnings: The whole net earnings or profit of a corporation, fewer dividends, is what is referred to as retained earnings. They are sometimes referred to as the profit surplus.
Revenue, cost, and dividend accounts are temporary or nominal accounts.
If sales during the accounting period are higher than expenses, the retained earnings account will have a lower balance after closing.
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a company that uses a calendar year purchases an asset with a historical cost of $250,000, a residual value of $5,000 and an estimated life of 5 years. if the asset is acquired on september 30, 2016, the first-year depreciation under the straight-line method is:
Under the straight line method, the Depreciation rate is 20%
First-year Depreciation under the straight line method is $12,250.
Depreciation and amortization are computed on a straight line basis. It is the simplest method for calculating how much an item will depreciate over time and is often referred to as straight line depreciation.
The straight line basis is computed by dividing the difference between the cost of an item and its anticipated salvage value by the anticipated number of years of usage.
The regular distribution of an asset's depreciable amount over the course of its useful life is known as depreciation. The cost of an asset, or an amount used in its place, less its residual value, is the depreciable amount of that asset.
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The ability to evaluate claims about truth by using reason and evidence is referred to as:_________
The ability to evaluate claims about truth by using reason and evidence is referred to as Critical thinking.
Critical thinking is the analysis of available information, evidence, observations, and arguments to shape a judgement. The subject is complex; several one-of-a-kind definitions exist, which usually encompass the rational, skeptical, and independent analysis or evaluation of factual evidence.
Critical thinking approach making reasoned judgments which can be logical and well-notion out. It's miles a manner of thinking in that you don't definitely be given all arguments and conclusions you are exposed to however alternatively have an attitude regarding thinking such arguments and conclusions.
Example is a triage nurse analyzes the instances to hand and decides the order by which the patients need to be treated. A plumber evaluates the substances that could exceptional suit a particular activity.
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suppose the new retirement account actually pays 8% interest per year and pays interest semiannually. how much money would you have at retirement?
According to the Question,
At the time of Retirement we would have $3,677,597.37
CALCULATION
The three problems listed above make use of the Time Value of Money principle, and they are simple to resolve using either a financial calculator or the following formula.
Amount's FV ( Face Value) is calculated by multiplying its PV (Present Value) by the number of compounding periods (1 + interest rate per period).Alternate formula: FV = PV × (1 + I / Y) N1) The lottery's PV, which is $70,000, as stated above. The 45-year compounding period and the interest rate are both 8% annually. Solving for the existing FV
FV = $70,000 * (1 + 0.08)⁴⁵FV = $2,234,431.462) Since the only change is a 1% to 9% rise in the interest rate, the updated answer is as follows:
FV of the lottery winnings is equal to $70,000 * (1 + 0.09)⁴⁵Lottery prize FV is $3,382,910.033. The $70,000 lottery prize will now increase for 45 years at 9% compounded semi-annually.
Simply said, this implies that the 8% interest rate, which was originally for the entire year, would now compound semi-annually (2 times per year), compounding the principle by 4% each time. Two compounding periods would occur each year, and the interest rate would be cut in half.
Therefore, the PV is $70,000.
Because there are now two compounding periods in a year, the number of compounding periods is 45 * 2 = 90.Interest rate each compounding period is 9% divided by two, or 4.5%.The FV is calculated as follows: $70,000 * (1 + 0.045)⁹⁰FV = $3,677,597.37Therefore we would have $3,677,597.37 at the time of Retirement.
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Correct and Complete Question - You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire? $942,089 $2,234,431 $4,788,067 $1,260,147 $2,615,364 If you find an account that pays 9% annual interest instead of 8%, how much would you have at retirement? $8,543,022 $3,382,910 $5,831,239 $1,915,227 $1,890,221 Suppose the new retirement account actually pays 8% interest per year and pays interest semiannually. How much money would you have at retirement?
$3,677,597
$3,616,360
$2,043,797
$17,034,358
$2,119,250
Based on the combined population and gdp, which preferential trade organization has the greatest global impact?
Based on the combined population and GDP, ASEAN preferential trade organization has the greatest global impact.
The founding members of ASEAN—Indonesia, Malaysia, the Philippines, Singapore, and Thailand—signed the ASEAN Declaration (also known as the Bangkok Declaration) on August 8, 1967, officially establishing the Association of Southeast Asian Nations, or ASEAN.
It has enormous strategic, economic, and diplomatic importance for our future. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam are the 10 Southeast Asian nations that make up ASEAN.
According to the ASEAN Declaration, the Association's goals and objectives are to: (1) promote regional peace and stability through enduring respect for justice and the rule of law in international relations; and (2) accelerate economic growth, social progress, and cultural development in the region.
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consumed consumers are people who are used or exploited, willingly or not, for commercial gain in the marketplace. a lively red market exists for
A lively red market exists for the body parts industry worldwide.
What is a consumer?A consumer or customer to find at the person who wiles are the services which is being rendered to them. They pay money for the same.
The consumer or the customer are people who are used to taking out the body part in this where they are expired as they do not sometimes agree to it, but sometimes they do it for the money. This is an illegal practice that is being happened, and this practice is called a lively red market where the body parts are being purchased and sold.
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true or false dark money involves campaign spending by a group that does not have to be reported to the group's donors. quizlet
dark money involves campaign spending by a group that does not have to be reported to the group's donors.- True.
Dark money is the term used to describe contributions made to political organizations by contributors whose identities are kept secret and which are then utilized to sway elections. Dark money can have a big impact on elections, especially when it's utilized by "independent expenditure" organizations, commonly known as Super PACs, which are legally allowed to accept and spend an unlimited number of funds.
The donations from the anonymous contributors are referred to as "dark money" when the source of political fundraising is unclear, either because disclosure regulations do not apply, are avoided through "loopholes," or are purposefully avoided.
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the adjusting entry required when amounts previously recorded as deferred revenues are recognized includes a:multiple choice
The adjusting entry required when amounts previously recorded as deferred revenues are recognized includes a debit to a liability. Hence, Thus, option A is correct
What is debit to a liability?The amount owing by the company decreases when a liability account is debited, and increases when a liability account is credited. Liability accounts are divided into two categories: current obligations and long-term liabilities.
A company's liabilities are the debts it must settle. Liabilities, as discussed before, represent a normal credit balance. Each time a liability account increases, a credit must be applied. To reduce it, it must be debited.
Thus, option A is correct.
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The options are missing-
A. A debit to a liability.
B. A debit to an asset.
C. A credit to a liability.
D. A credit to an asset.
jet green offered a differentiated experience by providing free wifi and movies. that differentiation appealed to gabby and influenced her purchase decision. which specific influence did this aspect of the experience appeal to?
Answer: psychological needs
Explanation:
Psychological needs influence did this aspect of the experience appeal to.
Any requirement that is necessary for mental wellness or is not otherwise biologically necessary. It may be totally internal, as in the case of the need for pleasure, or it may be produced as a result of interactions between a person and their surroundings, as in the case of the need for social acceptance, justice, or job satisfaction.
The three psychological requirements of autonomy, competence, and relatedness are universally significant for psychological health and autonomous motivation, according to SDT. Similar to how you conceive of physiological demands, you can think of these universal needs (e.g. hunger, thirst, sleep)
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improvement of automatic extraction of inventive information with patent claims structure recognition
Improvement of automatic extraction of inventive information with patent claims structure recognition the application of NLP, particularly automatic text processing, our most recent research has produced approaches for the automatic extraction of innovative information from patents.
Due to the high amount of noise (duplicates, errors) in the output result, these methods have limitations that hinder further TRIZ methodology application. In the interim, we discovered that the most significant source of innovative knowledge is patent claims. Even so, the dual character of these text paragraphs—which combine legal and technical vocabulary—generates some of the noise that is being detected. The main objective of the research is to modify the final output quality and shorten extraction time by taking into account claims hierarchical structure and structural information.
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project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability.
False, A company climate that demands responsibility, flexibility, creativity, speed, and continual improvement seems to be best suited for project management.
More about project management:
Project management is the practise of directing a group of people to accomplish tasks or meet deadlines inside a company. Project management entails project planning, tracking, communication, and documentation with the aim of successfully completing work within the parameters of time, scope, and money.
The use of procedures, techniques, abilities, knowledge, and experience to accomplish particular project goals in accordance with predetermined guidelines is known as project management which is used by a lot of companies now a days.
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b. the minimum price at which these countries will trade coffee is barrel(s) of rum per ton of coffee and the maximum price is barrel(s) of rum per ton of coffee.
The country that should specialize in producing coffee is: Nicaragua. The minimum price is 1/6 of a barrel of rum and the maximum price is 1/2 of barrel of rum.
Opportunity costa. When were compare Dominican Republic and Nicaragua opportunity costs for producing coffee, Nicaragua has a lesser opportunity cost for producing coffee calculated as:
Nicaragua:
Opportunity cost=5/30
Opportunity cost=0.166 or 1/6 of a barrel of rum
Dominican Republic's has the highest opportunity cost:
Opportunity cost=10/20
Opportunity cost=0.5 or 1/2 of barrel of rum
Based on the above analysis Nicaragua should specialize in coffee.
b. The minimum price at which the countries will trade coffee is 1/6 (0.167) of a barrel of rum per ton of coffee while the maximum price at which these countries will trade coffee is 1/2 (0.5) of a barrel of rum per ton of coffee.
Therefore the country that should specialize in producing coffee is: Nicaragua. The minimum price is 1/6 of a barrel of rum and the maximum price is 1/2 of barrel of rum.
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The complete question is:
The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 20 thousand tons of coffee per year or 10 thousand barrels of rum. Nicaragua can produce 30 thousand tons of coffee per year or 5 thousand barrels of rum.
a. Suppose the Dominican Republic and Nicaragua sign a trade agreement in which each country would specialize in the production of either coffee or rum. Which country should specialize in producing coffee? Which country should specialize in producing rum?
b. What are the minimum and maximum prices at which these countries will trade coffee?
According to modigliani and miller (mm), in a world without taxes the optimal capital structure for a firm is approximately 100 ebt financing. true false
According to Modigliani and miller (mm), in a world without taxes, the optimal capital structure for a firm is approximately 100 debt financing. True .
Modigliani is maximum famous for his , which had been largely commissioned by using his pal and art provider Léopold Zborowski. In 1917, Modigliani had his first and handiest solo display and it brought on quite the scandal for its sensational and stunning content material.
Amedeo Modigliani's work has been supplied at auction multiple times, with realized prices starting from 20 USD to one hundred seventy,405,000 USD, depending on the size and medium of the paintings. on grounds that in 1998 the filed rate for this artist at public sale is 170,405,000 USD for Nu sofaé, bought at Christie's big apple in 2015.
Amedeo Modigliani's paintings have been offered at public sale in more than one instance, with found charges ranging from 20 USD to one hundred seventy,405,000 USD, relying on the scale and medium of the artwork. due to the fact 1998, the report price for this artist at auction is one hundred seventy,405,000 USD for Nu sofaé, bought at Christie's the big apple in 2015.
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When mountain climbers purchase clothing for scaling mount everest, their purchases are primarily addressing __________ needs.
Populations whose individuals may require additional assistance prior to, during, and after an occurrence in. • Maintaining independence is one of the functional aspects that must be addressed. • Interaction.
What is Climbing?
Climbing is the activity of mounting a steep topographical object with one's hands, feet, or any other bodily part. It's done for movement, recreation, and competition, as well as in occupations that rely on ascent, such as emergency rescue and military missions. It is done inside and outside, on both natural and man-made structures.
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Trees of life that illustrate the phylogenetic relationships of all organisms were traditionally based on ______; newer methods for determining phylogeny rely on ______.
Trees of life that illustrate the phylogenetic relationships of all organisms were traditionally based on morphology; newer methods for determining phylogeny rely on nucleic acid sequences.
What is phylogenetic relationships?A phylogenetic tree is a branching diagram or tree that depicts the evolutionary relationships between distinct biological species or other entities based on physical or genetic similarities and differences.
All life on Earth is grouped together in a single evolutionary tree, indicating a common ancestor.
Hence, it is correct to state that Traditional trees of life that depict the evolutionary connections of all creatures were based on morphology; modern approaches for detecting phylogeny rely on nucleic acid sequences.
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the weemow lawn service wants to start doing snow removal in the winter when there are no lawns to maintain. jeff and julie weems, who own the service, are trying to determine how much equipment they need to purchase, based on the various job types they have. they plan to work themselves and hire some local college students on a per-job basis. based on historical weather data, they estimate that there will be six major snowfalls next winter. virtually all customers want their snow removed no more than 2 days after the snow stops falling. working 10 hours per day (into the night), jeff and julie can remove the snow from a normal driveway in about 1 hour, and it takes about 4 hours to remove the snow from a business parking lot and sidewalk. the variable cost (mainly for labor and gas) per job is $12 for a driveway and $47 for a parking lot. using their lawn service customer base as a guideline, they believe they will have demand of no more than 40 homeowners and 25 businesses. they plan to charge $35 for a home driveway and $120 for a business parking lot, which is slightly less than the going rate. they want to know how many jobs of each type will maximize their profit.
We must maximize.
P = 23 x + 73 y
Now we must carefully formulate constraints from the problem's language. The first constraint will be the time limit, and the second will be the availability of jobs.
Time limitation:
There will be a total of six major snowfalls. If we assume they are all at least two days apart, Jeff and Julie have exactly 12 days to remove them. They also work 10 hours per day, for a total of 120 hours per week. Another assumption made here is that the 10 hour per day work period is for Jeff and Julie as a whole, rather than for each of them separately.
Snow can be removed in one hour from a normal driveway and four hours from a business parking lot, and Jeff and Julie can work a total of 120 hours. As a result, our time constraint would be,
x + 4y <= 120
Demand Restriction:
A maximum of 40 homeowners will request driveway snow removal, as well as a maximum of 25 business parking lot snow removal requests. As a result, the demand constraints will be,
x <= 40
y <= 25
There will also be an additional constraint because the number of jobs cannot be negative.
Also there will be an additional constraint considering that number of jobs cannot be negative.
x >= 0
y >= 0
The shaded region is the area of interest, and we must check the points G,D,C, and E to maximize profit.
Point x y P
G 0 25 1825
C 40 20 2380
D 20 25 2285
E 40 0 920
As a result, the profit will be greatest when x = 40 and y = 20. The total profit will be $2380.
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