maria is the sheriff of narez, texas. oscar robs a narez gas station and a $500 reward is offered for his capture. when, later, maria finds and arrests him, with respect to the reward, she can group of answer choices not collect it because it is an illusory promise. collect it. not collect it because she had a preexisting duty to capture oscar.

Answer:

True

Explanation:

(a) CPI for 2018 = 100; (b) CPI for 2019 ≈ 111; (c) inflation rate between 2017 & 2018 is 0.17%; (d) rate, 2017 & 2019 is 9.9%; (e) rate, 2018 & 2019 is 10.8%; (f) Growth rate of price of housing 2.23%

First we will find the cost of weekly basket in each year,

so, cost of weekly backet in 2017 = (22,000 + 22,000 + 12,000)$

                                                        = $56,000

cost of weekly backet in 2018 = (22,500 + 21,000 + 12,600)$

                                                        = $56,100

cost of weekly backet in 2019 = (28,000 + 21,200 + 13,000)$

                                                        = $62,200

Then by using the formula:

Consumer price index CPI = ( basket amounts in current year / basket amount in base year ) × 100

We can now find the:

(a) CPI (consumer price index) for 2018 = basket amounts in 2018/ basket amount in 2018 ) × 100

                                                                   = 56,000/56,000*100

                                             CPI for 2018 = 100

(b) CPI (consumer price index) for 2019 = basket amounts in 2019/ basket amount in 2018 ) × 100

                                                                   = 56,100/56,000*100

                                            CPI for 2019 ≈ 111    

(c) The inflation rate between 2017 and 2018:

   difference = rate in 2018 -2017

                     = 56,000 - 56,100

                     = $100                  

The rate of inflation is = 100/56,100*100

         Rate of inflation =  0.17%

(d)  The inflation rate between 2017 and 2019:

   difference = rate in 2019 -2017

                     = 62,200 - 56,000

                     = $6,200                  

The rate of inflation is = 6,200/56,100*100

         Rate of inflation =  9.9%      

(e)  The inflation rate between 2018 and 2019:

   difference = rate in 2019 -2018

                     = 62,200 - 56,100

                     = $6,100                  

The rate of inflation is = 6,100/56,100*100

         Rate of inflation =  10.8%      

(f) The growth rate of the price of housing from 2017 to 2018:

Growth rate of price of housing = [price of housing( in 2018 - 2017)/price of housing in 2018]*100

                                                     = [(22,500 - 22,500)/22,500]*100

                                                     = (500/22,500)*100

Growth rate of price of housing = 2.23%

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In segment screening, it may be a good idea to operate with larger, more populated segments rather than smaller ones as it's easier to identify trends and patterns. Thus, the correct option is A. operate with larger, more populated segments rather than smaller ones

This approach allows you to target a wider audience, increasing the chances of reaching potential customers and generating sales. Additionally, larger segments can provide more opportunities for growth and expansion.

However, it's also essential to consider the specific needs and preferences of the targeted segment to ensure your marketing efforts are effective and relevant.

To conclude, segment screening is an essential part of market research, and companies need to be strategic when selecting the segments to target. When considering segment screening, operating with larger, more populated segments is advisable as it can help to identify trends and generate more revenue. So, the answer is option A.

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The most effective and efficient means of cash disbursements is electronic funds transfer (EFT).

Electronic funds transfer (EFT) allows for the direct transfer of funds from one bank account to the another, without the need for the physical checks or cash. EFT is secure, fast, and can be automated, reducing the risk of errors and fraud. It also eliminates the need for paper-based processes, which can save time and reduce administrative costs. Restricted cash refers to cash that is set aside for a specific purpose, while petty cash refers to a small amount of the cash that is kept on hand for minor expenses. Neither of these options is as efficient or effective as EFT for cash disbursements.

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Management Education focuses on developing the skills and knowledge of management in a formal, structured environment. It is comprehensive learning but it is expensive. Management Training focuses on teaching and developing skills in the workplace or through an external program. It is less expensive but limited in scope. On-the-Job Experiences involve learning from direct involvement and experience. It is the quickest learning approach but is limited to specific business. A strategic management development program can combine all three components for a comprehensive approach to management.

Management education, management training, and on-the-job experiences are three approaches to training for management positions.

Management education is an academic degree or programme that teaches people about management principles and concepts. It may be achieved at the undergraduate or graduate level, and it can be obtained online or on campus. Management education can offer you a comprehensive grounding in the theories of management and give you a systematic way to approach complex management issues.

On the other hand, management education may be costly and take years to finish, which may be impractical for someone looking for a quick way to gain management skills.

Management training, on the other hand, is a learning opportunity that focuses on a specific skill or competence, such as communication, problem-solving, or leadership. Management training sessions may be offered in-house by the company or by external consultants, and they typically take place in a classroom or online.

Management training sessions are usually shorter and less expensive than management education programmes, but they may not offer a comprehensive understanding of management principles and may not provide long-term development opportunities.

On-the-job experience is a learning opportunity that comes from working in a management position or shadowing someone who is in a management position. On-the-job experience provides an immersive environment where management principles and concepts can be put into practice.

On-the-job experience may provide long-term growth and development opportunities, and it is often the quickest way to learn management skills. However, on-the-job experience may be limited to the specific business or industry in which the person is working, and it may be difficult to develop a comprehensive understanding of management principles.

To build a strategic management development program that combines management education, management training, and on-the-job experiences, follow these steps:

Finally, to ensure that your strategic management development program succeeds, you must collaborate with all stakeholders, including the organisation's leaders, employees, and management staff, to establish expectations and support for the programme.

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You make $100 worth of euro deposits when the spot rate is $1.12 per euro. the annual interest rate on euro deposits is 5%. one year later the exchange rate is $1.06 per euro. the amount in dollars that the student will have after one year is $105.0156.

Amount made in euros = $100

Spot rate = $1.12/€

Annual interest rate = 5%

Exchange rate after one year = $1.06/€

To find: Amount in dollars

To calculate the amount in dollars, we first need to find out the number of euros earned in one year. Using the formula to calculate the amount in one year, we get Amount in one year = Amount made in euros × (1 + Annual interest rate)Amount in one year = $100 × (1 + 0.05)Amount in one year = $100 × 1.05Amount in one year = $105

Now, we can convert the amount in euros to dollars using the given exchange rate. Exchange rate after one year = $1.06/€ So, the amount in dollars is: Number of euros in 1 year = $105 ÷ 1.06/€ Number of euros in 1 year = 99.06 €

Amount in dollars = 99.06 × $1.06/€Amount in dollars = $105.0156

Thus, the amount in dollars that the student will have after one year is $105.0156.

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Assuming Jay wants a 40% markup on the selling price, the most he could pay the manufacturer for the air mattress is $179.40.

If Jay wants a 40% markup on the selling price and his customers will pay at most $299 for an air mattress, then the maximum cost he could pay the manufacturer for the air mattress can be calculated as follows:

Let's call the cost he pays the manufacturer "C".

Selling Price = Cost + Markup

Markup = 40% of Selling Price

Selling Price = $299

Markup = 0.4 x $299 = $119.60

Therefore, we can set up the equation:

$299 = C + $119.60

Solving for C, we get:

C = $299 - $119.60

C = $179.40

So, the most Jay could pay the manufacturer for the air mattress is $179.40 if he wants a 40% markup on the selling price and his customers will pay at most $299 for the air mattress.

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Congress continues to keep making the decision to spend more money it does not have because of misdirection of money allocation by politicians, pressure to provide funding for government programs, and fulfillment of promises made during election campaigns. This behavior could have adverse effects in the long run for the country.

Congress continues to make decisions to spend more money than it has due to several reasons. Firstly, politicians often believe that spending more money will result in a boost in the economy, which will ultimately increase the government's revenue.

Second, the pressure to provide funding for government programs, such as healthcare, education, and defense, may compel Congress to make such decisions. Lastly, politicians may do so to fulfill their promises made to their constituents during the election campaign.

However, the constant increase in government spending could lead to a rising national debt, inflation, and decreased trust in the government. Therefore, while spending money may benefit the economy, it could also have adverse effects in the long run. Thus, it is vital for Congress to balance its budget and ensure that its expenditures do not exceed its revenue, which will help the country move in the right direction.

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When the makers of Lay's potato chips teamed up with the makers of KC Masterpiece barbecue sauce to create a new line of barbecue potato chips, they demonstrated the C. Co-branding brand strategy

Co-branding is a strategy used to increase the appeal of a product by combining the strength of two or more brands. In this case, the makers of Lay's Potato Chips and KC Masterpiece Barbecue Sauce joined forces to create a new line of BBQ-flavored potato chips. This strategy is beneficial for both companies as the combination of the two brands allows them to capitalize on the existing popularity of each while creating something new and exciting.

The partnership gives consumers the convenience of one product with the flavor of two beloved brands, ultimately creating a win-win situation. Additionally, this brand strategy helps both brands to attract new customers, increase their customer base, and reach new markets. Therefore, Option C. Co-branding is Correct.

The Question was Incomplete, Find the full content below :

when the makers of lay's potato chips teamed up with the makers of kc masterpiece barbecue sauce to create a new line of barbecue potato chips, they demonstrated which brand strategy?

A. brand revitalization

B. rebranding brand extension

C. co-branding

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The auditor is most likely to presume a high risk of fraud relating to the misappropriation of assets exists if any of the following conditions are present:

Weak internal controls or lack of segregation of duties over cash, inventory, or other assets.

Inadequate or non-existent monitoring of access to assets, such as a lack of surveillance cameras, password controls, or physical security measures.

Discrepancies or irregularities in inventory or accounting records, such as missing items or unexplained changes in account balances.

High turnover rates or unusual behavior of employees, such as unexplained lifestyle changes or financial difficulties.

If any of these conditions exist, the auditor is likely to presume that there is a high risk of fraud and take appropriate steps to investigate further.

This may include conducting more extensive tests of transactions, analyzing financial statements and documents in detail, and interviewing employees and management to gain a deeper understanding of the situation.

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Echo has a beta of 1.0, which means that it has the same level of risk as the overall market.

Echo stock's beta is calculated by the Capital Asset Pricing Model (CAPM).

The formula for beta is Beta = Covariance (Echo, Market) / Variance (Market).

The covariance is the expected return of Echo (20%) minus the risk-free rate (4%) multiplied by the expected return of the Market (12%) minus the risk-free rate (4%).

The variance is the expected return of the Market (12%) minus the risk-free rate (4%) squared.

When calculating the beta of Echo, you get Beta = (16% x 8%) / 64% = 1.0.

This means that Echo has a beta of 1.0, which means that it has the same level of risk as the overall market.

This means that if the market goes up or down, Echo is expected to move by the same amount in the same direction. The beta of Echo is not affected by the risk-free rate since it is used in the formula both as a constant and in a negative position. The expected return of Echo, however, is affected by the risk-free rate, since it is used as a constant when calculating the beta.

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When creating organizational change that has to do with people, a common focus is (c) job design.

This can include tasks, roles, responsibilities, and the overall structure of jobs within the organization. Line-staff structure, perceptions and expectations, pay and benefits, and reporting relationships may also be factors to consider, but job design is a common focus.

Organizational change refers to the process of making significant changes to an organization's structure, processes, culture, or strategies in order to improve its performance, effectiveness, or competitiveness. It may involve changes to various aspects of the organization, such as its leadership, management, systems, technology, products, services, or workforce.

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False: A $40 price ceiling would deter more people from attending classical music concerts than if there was no limitation, if concert tickets had an equilibrium price of $40.

A price cap above the level of the equilibrium competitive price will result in a surplus. If the price cap is less than the price at which there is an equilibrium of competition, a scarcity will result.

When the cost of an item is restricted by legislation, a price cap is set by the government.

If the price ceiling is set lower than the equilibrium price, it forces the market to experience a shortage. So, if the equilibrium price is $40 or less, a price ceiling of $40 is not enforceable and has no effect on how many people go to musical events.

Nevertheless, if the equilibrium price for a ticket in the absence of price limitations is greater than $40, a price cap of $40 will lead to a shortage of tickets and a drop in the number of people who attend classical music events. Find out how price ceilings affect market outcomes.

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As the reserve requirement decreases, the money supply increases. As a result, a lower reserve requirement is linked with a higher money supply. To raise the money supply by $200, if the reserve requirement is 10%, the Fed will use open-market operations to buy $2,000 worth of U.S. government bonds. When banks increase the percentage of deposits held as reserves from 10% to 25%, this raises the reserve ratio and reduces the money multiplier. The Fed would need to buy $800 worth of U.S. government bonds in order to increase the money supply by $200 under these conditions.This increase in the reserve ratio causes the money multiplier to to Under these conditions, the Fed would need to worth of U.S. government bonds in order to increase the money supply by$200. Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply? Check all that apply. The Fed cannot control whether and to what extent banks hold excess reserves. The Fed cannot prevent banks from lending out required reserves.The following statements help to explain why the Fed cannot precisely control the money supply: The Fed cannot control whether and to what extent banks hold excess reserves, the Fed cannot prevent banks from lending out required reserves, and the Fed cannot control the amount of money that households choose to hold as currency. The Fed's ability to control the money supply is limited due to these factors. Therefore, in the real world, it cannot precisely control the money supply.

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One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by monopolies or oligopolies

The term "market failure" refers to situations where the market mechanism fails to achieve the optimal outcome, which is defined as the allocation of goods and services that maximizes the social welfare or the sum of consumer and producer surplus.

Another reason for market failure is the presence of monopolies or oligopolies, which are situations where a single or a few firms dominate the market and have the power to influence prices and quantities.

Moreover, the market may fail to provide public goods, which are goods that are non-excludable and non-rivalrous, meaning that they cannot be withheld from anyone and their consumption by one person does not reduce their availability to others.

In all these cases, the government may intervene in the market to improve its outcome, using various policy instruments, such as taxes, subsidies, regulations, public provision, or antitrust laws.

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When Starbucks sells the rights to other companies globally to open coffee shops with the Starbucks name for a fee and a share of the profit, in return for using Starbucks brand name and a package of materials and services, it is considered Franchising.

What is Franchising?

Franchising is a business strategy that allows business owners to license their business operations to a third-party company. A franchise is an arrangement in which the franchisor grants the franchisee the right to use its brand name, product or service, and operating methods in exchange for an initial fee and an ongoing royalty fee.

Franchising enables entrepreneurs to expand their businesses rapidly while minimizing risks.

What are the advantages of Franchising?

The advantages of Franchising are as follows: Expansion: Franchising allows entrepreneurs to expand their businesses quickly and profitably without having to invest in expensive infrastructure, management, and training.

Lower Costs: The franchisee is responsible for all of the costs of running the franchise, including site selection, construction, inventory, and payroll. The franchisor provides the franchisee with all of the materials, equipment, and support they need to run their business. Profit Sharing: The franchisee pays the franchisor an initial fee and ongoing royalties, which are based on a percentage of the franchisee's sales.

This provides the franchisor with a share of the profits generated by the franchisee's business.

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The given statement, "Business rules must be rendered in writing" is True (T) because business rules are an essential part of any business and must be rendered in writing to be useful because they can then be used to ensure that everyone in the company is on the same page.

Business rules are the constraints, requirements, and conditions that govern the operation of a business. They are necessary for ensuring that all of the company's activities and transactions are carried out correctly, efficiently, and in compliance with legal and regulatory requirements. Business rules can be related to anything from the types of products and services that the company offers to the methods used for conducting business with customers. They can also relate to the internal operations of the company, such as how employees are hired, trained, and managed.

Written business rules are important because they provide a clear and concise way to communicate the company's policies and procedures. This makes it easier for employees to understand what is expected of them and how to perform their jobs correctly.Written business rules also provide a record of the company's policies and procedures. This can be important in cases where legal or regulatory compliance is at issue because it demonstrates that the company has a system in place for ensuring that its activities are in compliance with relevant laws and regulations.

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Inventory costing methods place primary reliance on the assumptions about the flow of costs. These organizations keep a track of money. The correct option is 3.

Inventory costing methods are used by organizations to keep track of how much money they spend on their products, what products are available, and how much profit they are making. It is essentially a way of keeping track of how much of the company's funds are tied up in its products.

Inventory costing methods are critical for accurately pricing products and determining the overall profitability of a company. Inventory costing methods depend on two primary assumptions:

1. Cost flow assumptions: There are several cost flow assumptions for inventory costing, including FIFO (first in, first out), LIFO (last in, first out), and weighted average.

2. Periodic and Perpetual Inventory Systems: A periodic inventory system records inventory transactions only at the end of an accounting period.

Therefore, the correct option is 3.

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True.

Two possible limitations associated with establishing internally consistent compensation systems are that it may reduce a company's flexibility to respond to changes in competitors' pay practices and result in bureaucracy with exorbitant fixed costs for employee benefits.

Job analysis leads to structured job descriptions and job structures, and job evaluation establishes the relative worth of jobs within the company. This makes equity assessments more difficult and employees' core compensation depends on the jobs they perform, how well they perform their jobs, or the skills they possess. Employee benefits represent fixed costs that typically do not vary with employees' job performance or their skills.

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The performance coatings business of DuPont has the potential to be of long-term value to DuPont due to its ability to help the company remain competitive in the global market. An outside party may perceive more value in the performance coatings business than DuPont does because they can use it to increase their market share and capitalize on new opportunities.

The performance coatings business of DuPont is a specialized line of products that are designed for use in highly demanding applications, such as aerospace and automotive. An outside party may also see the potential to increase profits by investing in new technologies and developing new products.

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The statement, the western states did play a role in helping to diversify the Southern economy by investing money, building mills in the south, and coming up with other uses for cotton is true.

The western states played a significant role in diversifying the Southern economy by investing money, building mills, and coming up with new uses for cotton. With the growth of industrialization, the western states saw an opportunity to invest in the South and help build its economy.

By investing money, building mills, and developing new uses for cotton, the western states were able to boost the region’s economy.

The investment of money into the region was an important factor in its development. This money helped fund the building of mills in the South, which produced a variety of goods that could be sold to local businesses and exported to other parts of the country.

Additionally, this investment of money also enabled the western states to introduce new technologies to the South, such as the use of machines to produce goods more quickly and efficiently.

The mills built in the South also served as a source of employment and a way to diversify the region’s economy. By providing jobs, the mills helped to reduce poverty in the region and stimulate economic growth.

Furthermore, the mills were also able to produce goods that had previously been unavailable in the South, such as textiles and clothing, which provided an additional source of income to the local population.

Finally, the western states were also able to come up with better production for cotton that were not previously available. By introducing new methods of processing and manufacturing cotton, the western states helped to increase the demand for the product and create new markets for the region’s cotton production.

This helped to increase the region’s income and further diversify the Southern economy.

In conclusion, the western states did indeed play a role in helping to diversify the Southern economy by investing money, building mills, and coming up with new uses for cotton.

By investing money, providing jobs, and introducing new technologies, the western states helped to stimulate economic growth and reduce poverty in the region. Furthermore, they were also able to develop new uses for cotton that helped to create new markets for the region’s cotton production.

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The cash conversion cycle for the year is equal to 67.2 days, which means option A is correct.

The cash conversion cycle is a expression which is used to denote the number of days it takes for a company to convert the cash it spends on inventory back into cash by selling its product. The formula used for calculating the cash conversion cycle is given as follows:

Cash Conversion Cycle = Days Inventory Outstanding (DIO) + Days Sales Outstanding (DSO) - Days Payables Outstanding (DPO)

Since it is already given that days sales outstanding is equal to 34.7 days, days payables outstanding is 23.6 days and days inventory outstanding is 56.1, therefore cash conversion cycle will be given as:

Cash Conversion Cycle = 56.1 + 34.7 - 23.6

⇒ Cash Conversion Cycle = 67.2 days

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Refer to complete question below:

Hasten corporation has the following metrics for the year. (Amount is in days)

days sales outstanding = 34.7

days payables outstanding = 23.6

days inventory outstanding = 56.1

The cash conversion cycle for the year is:

According to the lesson, President Ballard learned two lessons after a failed business venture. The two lessons he learned were that no amount of preparation can prevent failure and that failure is not an event, but rather a process. According to the lesson,

However, despite his best efforts, the business failed. This taught him that no amount of preparation can guarantee success. Failure is not an event, but rather a process: Another lesson that President Ballard learned was that failure is not an event, but a process.

It is not just a one-time thing, but rather a gradual decline that happens over time. This taught him that it is essential to identify and address the issues in the early stages to prevent a complete failure.

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The rate of oil depletion in a well is determined by its natural production rate, which can vary depending on the size of the well and the pressure it is under. When there were 1.5 million barrels of oil remaining in the well, the rate of depletion would have been dependent on this production rate.

In general, the rate of depletion would have been fairly low, as the well would have been near the end of its production cycle.

To understand the rate of oil depletion further, you would need to have knowledge of the production rate and other factors that influence the amount of oil being produced. This could include the pressure within the well, the depth of the well, the amount of oil being extracted, and the number of other wells in the same area.

In conclusion, the rate of oil depletion in a well when there were 1.5 million barrels of oil remaining would have been determined by its natural production rate, which can vary depending on several factors.

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The form of business relationship that allows a firm to grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country is licensing.

Licensing is a method of transferring technology from one firm to another. It is a business arrangement in which one business (the licensor) allows another company (the licensee) to utilize its intellectual property, such as patents, trademarks, copyrights, or trade secrets, in exchange for royalty payments.

The licensee is free to use the technology to manufacture and sell the product with the licensor's brand name.The company that grants patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country is known as a licensor. This sort of company provides a license to the other company to use its trademark, patent, or technology.

In addition, the licensee may utilize the product's sales or marketing strategy to boost its own sales by following the licensor's directions

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The stages a product goes through from the time it is first introduced to the market until it is discontinued are known as the product life cycle.

The Product Life Cycle (PLC) is a model that describes the various phases that a product goes through in the market. It's an essential tool for developing and managing products. The product life cycle has four stages: Introduction, Growth, Maturity, and Decline.

In the introduction phase, the product is first introduced to the market. At this stage, sales are slow, and the product may not make any profit. The growth stage comes next, where sales and revenue increase. The third stage is the maturity stage, where the product has reached its peak and sales are starting to slow.

Finally, in the decline stage, sales start to fall, and the product is eventually discontinued. The product life cycle is important to businesses because it helps them plan and develop their marketing strategies based on where the product is in its lifecycle.

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In a probability-proportional-to-size sample with a sampling interval of $5,000, an auditor discovered that a selected account receivable with a recorded amount of $3,000 had an audit amount of $2,700. If this were the only error discovered by the auditor, the projected error of this sample would be $300.

In probability-proportional-to-size sampling, the sampling interval is the factor used to determine the size of the sample. In this case, the sampling interval is $5,000, meaning that the size of the sample is determined by multiplying the size of the population by $5,000. The size of the population in this case is $3,000, which means that the sample size is $15,000.


The auditor then randomly selects an account receivable from the sample size of $15,000 and discovers that the recorded amount of $3,000 is different from the audit amount of $2,700. This difference of $300 is then used to calculate the projected error.

The formula for calculating the projected error is: (observed error/sampling interval) x population size. In this case, the observed error is $300 and the sampling interval is $5,000, so the formula becomes: (300/5000) x 3000 = 300. Therefore, the projected error of this sample is $300.

In conclusion, when a probability-proportional-to-size sample with a sampling interval of $5,000 is used and an auditor discovers that a selected account receivable with a recorded amount of $3,000 has an audit amount of $2,700, the projected error of this sample would be $300.

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Government Regulatory Agencies would typically be considered a secondary stakeholder group. Option e. is correct.

Secondary stakeholders are typically external to the organization and are not directly involved in the day-to-day operations.

Examples of secondary stakeholders include government regulatory agencies, special-interest groups, communities, and suppliers.

Laws and regulations that businesses must abide by are created and enforced by government regulatory agencies.

In order to help organizations comply with their legal requirements, these groups can also offer them advice and support.

Organizations that are created to promote particular causes or interests are known as special-interest groups.

Communities are the people and organizations in a specific location that are impacted by an organization's activity.

Suppliers are businesses or organizations that offer products and services to other businesses.

The requirements and interests of each of these stakeholder groups can have a big impact on a company, therefore it's crucial for businesses to be aware of them.

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The statement, "education provides a competitive economic advantage through the creation of a pool of skilled and educated workers" is true because it is education which gives us knowledge and understanding of almost everything.

Education provides a competitive economic advantage as it can give individuals access to a wider range of job opportunities, higher wages, and improved social mobility.

The advantage of good education is that it also increases the productivity of the workforce by improving their knowledge, skills and understanding, making them more efficient and able to work faster and smarter. Educated workers are often in higher demand, and can be more easily hired by employers.

Education also creates a pool of talented, innovative, and creative people that can drive technological and economic progress.

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