Application of manufacturing overhead costs as the total cost of all indirect expenses incurred during product production. It is included in the cost of the finished good together with the direct labor and material costs.
What is a Journal Entry ?
Journal entries are used to document business transactions in an organization's accounting records. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
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the core principles of economics — end of chapter problem jia is considering whether to go out to dinner at a restaurant with her friend. the meal is expected to cost $40, jia typically leaves a 20% tip, and an uber will cost $5 each way. jia values the restaurant meal at $25. jia enjoys her friend’s company and is willing to pay $30 just to spend an evening with her. if jia does not go out to the restaurant, she will eat at home, using groceries that cost her $8.
As per Principles of Economics, Going out has a benefit of $63 which includes $25 and $30 as Jia enjoys her friend's company, $8 if Jia cooked her meal at home instead of going out.
Let's evaluate the advantages jia would receive from dining out with her friend:
She valued the remaining portion of the meal at $25. In addition, she values her friend's company at $30 because she enjoys being with her and is prepared to pay that amount to spend an evening with her.
If she chooses not to eat out, she should prepare a meal at home with groceries she bought for $8. Basically, she can save these 8 dollars if she goes to dinner with her buddy. This is an additional benefit, and when we add each of these sums the benefit of going out to dinner is 63 dollars.
Total Benefit = 25+30+8= 63
Going out has a benefit of $63 for her.
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Jay spent $58 for her buddy and her supper at a restaurant: $40 for the food, $8 for the tip, and $10 for the uber.
Jay will save $63 by dining out with her friend. He will save $25 for the cost of the meal, $30 for an evening with her, and $8 if he chooses not to go.
Let's assess the benefits Jia might experience by dining with her friend:
She put a $25 value on the remaining course of the dinner. She also values her friend's company at $30 since she likes being around her and is willing to shell out that much for a night out.
She should use the $8 worth of food she purchased to make a supper at home if she choose not to dine out. In essence, she may save these 8 dollars if she dines with a friend. When we tally up all of these benefits, we find that going out to supper has a net benefit of $63 dollars.
Benefit overall = 25+30+8=63
She receives an advantage of $63 from going out.
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Stacy expects to receive $25,000 at the end of each of the next 10 years from an annuity. her opportunity cost is 8ompounded annually. what are these payments worth today?
The payment worth today is $11,579.84. if compounded annually.
Compound interest is the addition of interest to the principal sum of a mortgage or deposit, or in different phrases, interest on the foremost plus hobby.
Compound interest makes your cash grow faster because the hobby is calculated at the gathered interest through the years as well as on your unique importance. Compounding can create a snowball impact, as the authentic investments plus the profits earned from the investments develop together.
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 per year,
Then, solve the equation for P
P = A / (1 + r/n)nt
P = 25,000.00 / (1 + 0.08/1)(1)(10)
P = 25,000.00 / (1 + 0.08)(10)
P = $11,579.84
The principal investment required to get a total amount of $25,000.00 from compound interest at a rate of 8% per year compounded 1 time per year over 10 years is $11,579.84.
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ron king is a single airline ticket agent who claims 1 allowance. his gross weekly salary is $320.00. each week he has deducted federal, social security, and medicare taxes; $26.20 for medical insurance; 1.5% state tax; and $25.00 for the credit union.
The total deductions are $ 124.32 and the net pay will be $195.68.
What are net pay and state tax?If a taxpayer's income exceeds the state's filing threshold in any given year, they are required to file tax returns in that state. Regarding the recognition of income and deductions, several states follow federal regulations. Some may even demand that the individual file their state income tax return together with a copy of their federal income tax return.
Deduction = ∑(24 + 19.84 + 4.44 + 4.80 + 24.20 + 25)
= 124.32
Net Pay will be
320 - 124.32 = 195.68
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Samantha wants to become an electrician but she has not been able to find work in an apprenticeship. What other alternative might she consider to learn this occupation?
The other option she can explore is attending a technical school to master this profession.
What is an apprentice program?A new generation of practitioners of a trade or profession can be trained through an apprenticeship program, which combines classroom instruction with on-the-job training. Apprenticeships can also help professionals get a license to work in a regulated field.
Why is apprenticeship so crucial?Apprenticeships, which combine classroom instruction with on-the-job training over a number of years, can help students break into the workforce while simultaneously expanding access to higher education. They also assist in providing the technical, problem-solving, and practical skills that companies demand from their employees.
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you have just borrowed $100,000 to buy a condo. you will repay the loan in equal monthly payments of $804.62 over the next 30 years. what monthly interest rate are you paying on the loan? note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. what is the apr? note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. what is the effective annual rate on that loan? note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. what rate is the lender more likely to quote on the loan?
A) The month rate is
[tex]\frac{804.62}{(1+R)^{t} } =100000, which yields R = 0.75\%[/tex]
The annual percentage rate = 0.75%[tex]\times[/tex]12 = 9%
B) The effective annual rate =
[tex]=(1+0.75 \%)^{12}-1=9.38 \%[/tex]
C)The lender is more likely to report the loan's annual percentage rate, which is 9%.
Interest rate
The interest rate is the amount charged by the lender to the borrower in addition to the principal amount. In terms of the receiver, a person who deposits money in any bank or financial institution gains extra money due to the time value of money, which is referred to as interest received by the depositor.
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piston motor company of japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. as a japanese company, it follows japanese gaap and reports its financial statements in billions of yen (the sign for yen is ¥). a simplified version of its recent balance sheet contained the following items (in billions).
According to the given data, the total liabilities and stockholders are calculated and equivalent to equity of ¥ 12,339.
Define the Balance sheet.
A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity. A balance sheet details a company's financial situation at a certain time. A balance sheet is used to assess the position of a business on a particular day, as opposed to an income statement, which presents financial data across time. Parties outside of a firm frequently examine a bank statement to determine the situation of the organization.
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project management systems need to balance the organizational structure and that of the project group with respect to .
Project management systems need to balance the organizational structure and that of the project group with respect to authority.
The way that work moves through an organization is determined by its organizational structure. It enables teams to manage tasks within the confines of their respective responsibilities. You can determine your company's leadership hierarchy and information flow with the aid of an organizational structure. An organizational structure is a set of guidelines, designations, connections, and obligations that spell out how your business's operations are coordinated to achieve its objectives.
By outlining the formal reporting relationships that control the workplace processes of the corporation, organizational structure provides direction to all employees. A formalized description of a company's organizational chart makes it simpler to create new positions inside the organization and offers a flexible and ready means for expansion.
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In an advertiser's records, a newspaper ad submitted and published this week with the agreement to pay for it next week would?
In an advertiser's records, a newspaper ad submitted and published this week with the agreement to pay for it next week would increase liabilities and increase expenses.
What is Newspaper Advertising?
Due to the large audiences that many publications have, newspaper advertising has long been a successful method of business promotion. Companies will be able to target a certain set of people interested in their products or services while using local media with a small audience.
As the name suggests, newspaper advertising entails placing an advertisement for your company in a newspaper or other publication. Depending on the objectives you have in mind, this could encompass a wide range of things.
There are several factors to consider when publishing an advertisement in the newspaper. The sales agents of a publication will explain what is required for the ad when you speak with them. This should not only include the cost but also the specifications for size and format, timeframes, and a lot more.
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the influence of logo change on brand loyalty and the role of attitude toward rebranding and logo evaluation
There haven't been many studies on how sport rebranding affects sports fans, despite the fact that it's a growing topic in academics and business.
The purpose of this study is to look into how rebranding a sport business through a new logo affects fan loyalty. The results of an experimental methodology show that fan reaction to sport rebranding is significantly influenced by attitude toward rebranding. According to additional research, the association between brand loyalty and logo modification is somewhat mediated by logo appraisal. By demonstrating how brand loyalty is impacted by supporters' opinions about rebranding, this study significantly expands our understanding of sport rebranding. The report offers implications for how the proposed approach should guide future sport rebranding research.
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What is the format of planning? Explain
. Why is the format of planning necessary?
Answer: The format provides you with a framework for presenting your thoughts, ideas and strategies in a logical, consistent and coherent manner. In other words the business plan format helps you to clarify your own ideas and present them clearly to others.
Explanation:
In a circular-flow diagram, which economic player sells goods and services to earn revenue?
A circular flow diagram shows how The Households generate revenue by selling goods and services.
A circular flow diagram is a graphic representation of the economy that demonstrates how money moves through markets between households and businesses. Households and enterprises are the two main decision-making entities in the economy. Firms use inputs like labor, land, and capital to produce commodities and services (buildings and machines). These materials are referred to as production factors. All the commodities and services that businesses generate are consumed by households, who also own the means of production. In two different types of markets, households and businesses interact. Households are the buyers and businesses are the sellers in the markets for goods and services. Particularly, households purchase the product of goods and services produced by businesses.
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The difference between market-neutral and long-short hedges is that market-neutral hedge funds _________.
The difference between market-neutral and long-short hedges is that market-neutral hedge funds establish long and short positions on both sides of the market to eliminate risk and to benefit from security asset mispricing whereas long-short hedges establish positions only on one side of the market.
Market, a technique through manner of way of which the extrade of products and offerings takes place because of customers and sellers being in contact with each other, each immediately or through mediating dealers or establishments.
Monetary market systems may be grouped into 4 classes: best competition, monopolistic opposition, oligopoly, and monopoly. Markets are important. they will be the mechanism through which shares in groups are supplied and sold, and their shipping organizations get the right to get admission to cash. Markets are important in charge formation, liquidity transformation, and permitting corporations to provide for the goals of their customers.
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advances of virtual testing and hybrid simulation in automotive performance and durability evaluation
The advances of virtual testing and hybrid simulation in automotive performance and durability evaluation is that this method is made up of in design that need to be examined before a prototype is made available and virtual testing results is one that can make it easier for automobile to be validated by the sue of consistent physical testing.
What is virtual testing?Virtual Testing is known to be a term that connote the act or process of simulation of a physical examination via the use of finite analysis tools, multi-purpose dynamic analysis tools and others.
Therefore, The advances of virtual testing and hybrid simulation in automotive performance and durability evaluation is that this method is made up of in design that need to be examined before a prototype is made available and virtual testing results is one that can make it easier for automobile to be validated by the sue of consistent physical testing.
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in a recent company meeting on diversity in the workplace, the hr representative starts a discussion on how to be more sensitive toward the diverse backgrounds of the company’s employees. after the informative discussion, you want to know from the hr representative’s perspective why your company values diversity in its work environment.
Team members with different backgrounds come up with more effective problem-solving techniques, providing your company with a competitive advantage over other companies.
What are competitive advantages in business?In order to provide goods or services better or more affordably than its competitors, a corporation must have a competitive advantage. These elements enable the productive unit to produce more sales or higher margins in comparison to its competitors in the market.
Cost structure, branding, the caliber of product offers, the distribution system, intellectual property, and customer service are just a few of the aspects that are credited with giving a company a competitive edge.
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an environmental scan will include forces impacting a business by way of state and federal laws that may restrict its activities. (one word)
An environmental scan will include regulatory forces impacting a business by way of state and federal laws that may restrict its activities.
What is the purpose of an environmental scan?
Environmental scanning is a procedure that methodically examines and analyzes pertinent data to find external opportunities and risks that may have an impact on decisions in the future. It should be utilized as a step in the strategic planning process and is closely tied to a SWOT analysis.An environmental scan is the process of identifying and keeping track of external and internal variables that could have an impact on an organization's long-term viability. In essence, you are trying to create the "grand picture" during this step.External and internal variables both contribute to the organizational environment. The environment must be surveyed to ascertain developments and projections of aspects that may affect organizational success.An environmental scan will include regulatory forces impacting a business by way of state and federal laws that may restrict its activities.
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What do economists mean when they say ""price floors and ceilings stifle the rationing function of prices and distort resource allocation""?.
A price ceiling is a price set by the government to control or restrict the amount that can be charged for a product, whereas a price floor refers to a minimum price set by the government for a good or service. Price ceilings and floors are both examples of government interference. The market price would end up being either lower or higher than the equilibrium price if efficient resource allocation is assumed. A lower price leads to an excess of market requests, while a higher price results in an excess of market supplies.
Desired and the number of goods supplied. If that doesn't happen, the price will drop since the sellers will have more products than customers want to buy at a given price. Similar to this, prices will rise if a market does not have access to enough a good to meet consumer demand. Price ceilings and floors now serve to avoid price changes that would otherwise be necessary to balance these imbalances. The sellers will create more than the market can support if a price is set above equilibrium (i.e., a price floor), diverting resources away from more highly valued uses. Price caps would result in inadequate allocation.To know more about Price ceilings visit:
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is a leading force driving change at work that has increased significantly during the past few decades, especially in industries such as banking, finance, and air transportation.
Global competition is a leading force driving change at work that has increased significantly during the past few decades, especially in industries such as banking, finance, and air transportation.
What is Global competition?
The services and goods that competing businesses offer on the global market are referred to as being in "global competition" in business. Global competition refers to the services or goods offered by business rivals to customers around the world. Consider holding a race or a pie-eating competition. These are examples of localized competition where individuals are placed against one another to see who is the best at their area of expertise. A company's core competency is its area of expertise. Due to greater earnings and a level playing field in business, global competition has enabled enterprises to buy and sell their services globally.
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A supervisor engaged in ______ is grouping people, tasks, and resources into organizational units to facilitate the planning, leading, and control processes.
Departmentalization is the term used to describe the organisational division of people, tasks, and resources.
What is Departmentalization ?The division of an organisation into different departments is referred to as departmentalization. Departmentalization is the process of organising jobs. A manager oversees the operations of a department, which is a division of an organisation.
Employees are divided into groups or departments under the departmentalization organisational structure in accordance with a predetermined set of criteria. These divisions work together to fulfil duties as instructed by their own leadership. On big or complicated projects, different departments might work together.
The primary models of departmentalization are those based on function, process, product, market, customer, region, and occasionally matrix (also called project organization). Organizations usually use a combination of these types.
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Rocky company reports the following data: sales $800,000 variable costs 300,000 fixed costs 120,000 rocky company's operating leverage is:_________-
Rocky company's operating leverage is: 1.32
What is operating leverage?
The operating leverage of Rocky company measures how its net income reacts to changes in sales volume, it is determined as the contribution margin divided by the net operating income of the company
operating leverage=contribution margin/net operating income
contribution margin=sales-variable costs
contribution margin=$800,000-$300,000
contribution margin=$500,000
net operating income=contribution margin-fixed costs
net operating income=$500,000-$120,000=$380,000
operating leverage=$500,000/$380,000
operating leverage=1.32
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The interaction of buyers and sellers in a market is fundamental for the determination of?
Prices are driven by both the buyer's demand for the good or service and the producer's willingness to supply the good or service.
What is Prices ?The amount of money that one party pays another in exchange for products or services (which is typically not negative) is called the price. The cost of production can go by several names in particular circumstances. The cost of the item will probably be referred to as its "price" if it is a "good" in the context of a commercial exchange. Other names for this product's name will be viable if the thing is a "service," though.
One scenario is depicted in the graph at the bottom. Production expenses, the amount of the desired thing that is available, and consumer demand all have an impact on a good's price. A monopolist might set the price or the market might impose it on the company.
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If chris's house has a present value of $12,500, and has depreciated 25% over the past 10 years, what was the original value of the house?
The original value of the house is $16,666.
To solve this problem, first multiply 2.5 by 10 years for the total depreciation of 25%. Subtract that from 100% for 75%. Then, take $12,500/.75 = $16,666, which was the home's original value.
The time period original value, with appreciate to a residential loan transaction, approach the lesser of the income price of the assets securing the loan, as pondered inside the agreement, or the appraised value at the time at which the situation residential mortgage transaction become consummated.
Original properties manner significantly all the belongings of the Partnership other than coins and cash equivalents, challenge to all of its liabilities, all as defined inside the Participation settlement.
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the discount rate that makes the net present value of an investment exactly equal to zero is called the:
The discount rate that makes the net present value of an investment exactly equal to zero is called the: internal rate of return
In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. internal rate of return is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero.
The same formula is used for NPV calculations and internal rate of return calculations. Remember that the project's true financial value is not represented by the internal rate of return. The annual return is what brings the NPV to a negative value.
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which of the below should be the most alarming to a company’s ceo looking at the company’s cash flow statement?
Negative cash flow should be the most concerning sign for the CEO of the company.
What is the cash flow statement?
The cash flow statement is a statement that shows the company's cash inflow and cash outflow.
Cash flow from operations consists of expenditures incurred in the normal course of business. When the CEO of the company examines the company's cashflow statement, the most concerning indicator for him is the cashflow statement's negative balance. The negative cashflow balance indicates that the company's cash inflow is less than its cash outflow. It means that the company's cash outflow is greater than its revenue. This reflects the company's poor financial situation.
Therefore, as a result this is the most concerning indicator for the company's CEO.
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You plan to buy a house in 5 years and know that you will need to make a down payment at that time. You plan to save $1,000 by the end of this coming year. Moreover, you just got a job where the firm says it will increase your pay by 2% per year, so you plan to correspondingly increase the amount you "put away" into savings by 2% per year. Your investment vehicle will earn 4% per year. What amount of money will be available to use on the down payment, at the end of 5 years?.
g = 0.02
r = 0.04
CF1 = 1000
FV = 5630
A down payment is an upfront, partial payment made when purchasing expensive goods or services like a home or car. Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind. In fractional reserve banking systems, a down payment is primarily used to ensure that the lending institution has enough capital to produce money for loans and to collect some of the remaining loan balance in the event that a borrower defaults. The formula used to determine the down payment is: a down payment is equal to a percentage of the buying price.
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mauricio, the owner of pizza aroma, spent $2,500 of his own money to take his family to disney world. pizza aroma's financial statements will report
Based on the fact that Mauricio took $2,500 of his own money to take his family to Disney world, Pizza Aroma's financial statements will report nothing of the trip.
What would be reported?When it comes to reporting transactions in the financial statements of a company, only the transactions that affect the company are to be recorded. Personal transactions by the owners and employees of the business are not be recorded because they do nothing to the business directly.
This means that Mauricio taking his family to Disney World will not be reported on Pizza Aroma's financial statements because it does not affect Pizza Aroma directly.
Options for this question include:
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about how many years will it take for $100,000 placed in a bank account at 7% interest rate compounded annually to double?
10.24 years
Compound interest, which is when interest is added to a loan rather than paid off or collected from the borrower, is what causes it. for the purpose of generating interest on the principal amount and any accumulated interest throughout the following period. Interest is a typical occurrence in compound interest economics and finance.
In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest.
The simple annual interest rate is equal to the period of interest multiplied by the number of periods in a year. The simple annual interest rate is also known as the nominal interest rate.
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the cost for producing a certain product is $65 each. the fixed costs are $120,000. the selling price for each product is $90. what is the break-even point? a. (4,800, 0) b. (4,800, 432,000) c. (1,846, 0) d. (1,333, 0) e. (1,333, 86,667)
The correct option is b. (4,800, 432,000).
What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.The cost for producing a certain product is $65 each. the fixed costs are $120,000. the selling price for each product is $90. what is the break-even point? (4,800, 432,000).
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Entrepreneurs are more likely than large companies to capitalize on innovations because?
Entrepreneurs are more likely than large companies to capitalize on innovations because research departments of big businesses tend to focus on improving existing products
What is the research and development process in an organization?The set of innovative activities carried out by businesses or governments in the development of new services or products, as well as the improvement of existing ones, is known as research and development (R&D or R+D) in Europe. Research and development is the first stage of the development of potential new services or the production process.
R&D operations vary from institution to institution, with the two main types of an R&D department being either staffed by engineers and charged with directly developing new goods, or staffed by industrial scientists and charged with conducting applied research in scientific or technological domains, which may aid in the development of future products. R&D is distinct from the vast majority of corporate activities in that it typically entails more risk and an uncertain return on investment in addition to not being intended to produce a quick profit. However, by commercializing innovative items, R&D is essential for capturing larger market shares.
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After 48 hours, a mantoux test is evaluated. at the site, there is a 10 mm induration. this finding would be considered?
After 48 hours, a mantoux test is evaluated. At the site, there is a 10 mm induration. It would be the considered of the significant. Thus, option (a) is correct.
What is tested?
The term test refers to the substance of the reaction as the test. The test was to clarifies as the true and the false. The researcher is the test apply on the research.
The significant to the relationship as the considered. The mantoux test is evaluated in an after the 48 hours. At the site was the mainly 10 mm induration. They are the significant to each other. It was the test is evaluated.
As a result, the considered of the significant. Therefore, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
a) Significant
b) Nonreactive
c) Negative
d) Not significant
a manager who selects appropriate goals for the organization to pursue is said to be , while a manager who minimizes the input resources needed to achieve those goals is said to be .
A manager who selects appropriate goals for the organization to pursue is said to be responsible personnel, while a manager who minimizes the input resources needed to achieve those goals is said to be planning.
What is the significance of a manager?A manager can be referred to or considered as the person who is responsible behind the management of the functions and duties in an organization. He or she acts as an intermediary between the top and lower level management. He is also responsible for implementation of plans for achieving organizational goals.
Therefore, the significance regarding a manager has been aforementioned.
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