A full-line discount store is a type of general merchandise retailer.
Retailers of general merchandise sell a variety of dry goods, excluding food and grocery items. The definition of a general merchandise business, which historically meant one that didn't sell groceries, is eroding. Since general merchandise makes up a sizable portion of the retail industry, it merits close examination.
One can also wholesale general products if you're looking for a business opportunity. Although the big chains are certainly out of your price range at first, there is still plenty of opportunity to make a living by supplying to smaller businesses.
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On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that vander will make on september 12 is (are):.
As of September 18th, the postings will be:
Debit Cash - 5,684
Debit Sales Discount - 116
Credit Account Receivable - 5,800
Being cash payment on sold merchandise.
Explanation:The sales amount of the merchandise is $5,800 with a discount of 2% if payment is made by Jepson within 30 days.
Therefore the Journal entry is to recognise the total amount $5800 as a credit sale and debit Accounts Receivable.
Jepson finally made the payment on September 18th which is within the Discount period. The discount which is calculated as = 116 is recognised and deducted from the amount payable.
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which of the following is a qualitative forecasting method?
a NATIVE APPROACH
B Delphi method
C trend projection
D linear regression
Linear regression is a qualitative forecasting method from the given.
What is linear regression?In statistics, the linear regression technique is used to represent the connection between a scalar result and one or more explanatory factors. When there is just one explanatory variable, one uses simple linear regression; when there are many variables, one uses multiple linear regression. When modeling relationships with linear predictor functions, the model's unknown parameters are inferred from data. In general, it is believed that the conditional mean of the response is an affine function of the values of the explanatory variables (or predictors); however, alternative quantiles, such as the conditional median, may also be used. In-depth study was first conducted on and extensive usage of the linear regression technique in real-world applications.
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________ is a term that refers to the level of detail represented by the data.
Group of answer choices
Intricacy
Complexity
Granularity
Interoperability
The correct option is (c).Granularity is a term that refers to the level of detail represented by the data.
The level of detail that the data represents is referred to as granularity. The data can be combined and summed to produce data with a finer granularity if it is too coarse. The idea of granularity represents the level at which we store data in our database.
If the data are detailed, we can keep going till we have stronger granularity for our analysis. If we wanted to be more specific, we could save client data month by month. We could also acquire specific information like how frequently customers visit the store or how frequently they purchase a particular product type.
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What is the difference between budget surplus and deficit?
Budget surplus is the positive budget balance that results from higher tax collections than spending. Budget deficit is the deficit is created when spending exceeds revenue from taxes.
Why do taxes exist?Taxes are compulsory payments made by a government organisation, generally local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Social Security as well as public infrastructure and services like roads and schools.
Why do individuals pay taxes?Federal, state, and municipal governments use tax income to pay for critical services like defence, roads, police, and the judicial system that all residents rely on but are unable to successfully supply for themselves.
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Social networks can be classified based on (1) __________ and (2) __________.
a. media richness; self-disclosure
b. blogs; wikis c. web browsers; apps d. textual; visual e. user generated content (UGC); marketer-generated content (MGC)
Social networks can be classified based on media richness and self-disclosure.
Self-disclosure refers to an individual's ability to manage the impressions they want to leave on others, whereas media richness refers to the degree of aural, visual, and tactile contact between both the social network and the user. Higher stress levels may lead to more self-disclosure on social media.
Additionally, those with lower levels of psychological suffering exhibited a more favourable disclosure. The capacity of information to alter knowledge through time can be used to define media richness. Rich communication transactions are those that can quickly transform understanding by bridging disparate frames of reference or by providing clarity on unclear topics.
The correct answer is option a.
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the most attractive features of a product are referred to as ____________.
The most attractive features of a product are referred to as its benefits.
Benefits are the advantages or positive outcomes that a customer can expect to receive from using a product or service. These benefits are the reasons why customers choose one product or service over another. They are the value that a product or service provides to its users. These benefits are what makes a product or service unique and different from others. Benefits can be functional, emotional, or societal, depending on the product or service.In business, a product refers to a tangible or intangible item that is made available for sale and is intended to satisfy a particular need or want. Products can be goods or services, and they can be physical or digital. Goods are physical products that can be seen, touched, and used, such as clothing, electronics, or food. Services, on the other hand, are intangible products that cannot be seen or touched but can be experienced, such as consulting, transportation, or education.
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What is modified adjusted gross income Magi?
AGI is calculated as gross income adjusted (AGI) plus, if applicable, deposit interest, taxable Social Security payments, and untaxed foreign income. For several people, MAGI is equivalent to adjusted gross earnings or very near to it.
What is meant by taxable income?Taxable income is defined as income that is subject to taxation and is distinguished by the accrual of a benefit or gain to the taxpayer. Specifically: the entire amount of income left over after all permitted deductions have been applied to gross income for a certain period to be used as the basis for taxation.
What word(s) best describes taxable?Not exempt from such an obligation or responsibility (of persons), nonexempt. assessable. capable of being evaluated specifically for taxes reasons. dutiable.
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if a $10 sales tax is imposed on a good and the equilibrium price increases by $10, the tax is
If a $10 sales tax is imposed on a good and the equilibrium price increases by $10, the tax is paid fully by customers.
Sales tax has a secondary impact on a product's equilibrium price by causing the supply curve to turn inward. The price at which producer supply and consumer demand are in equilibrium is known as the equilibrium price. Sales tax lowers the equilibrium price since it raises the cost of items. This might indicate that it is harder for companies to turn a profit from selling items, or that customers alter their purchasing habits and buy fewer of the more costly things.
Sales tax affects customers' purchasing power in addition to changing the equilibrium price, which accounts for demand. When sales taxes are high, customers pay more in taxes and have less money to spend on other purchases.
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What are the 5 areas of SMART goals?
A excellent strategy to organise the activities necessary to accomplish the long-term objectives of your grant is to set precise, measurable, attainable, relevant, and time-bound (SMART) objectives.
What are the purposes of SMART goals?A excellent strategy to organise the actions necessary to accomplish the long-term objectives in your grant is to set precise, measurable, attainable, relevant, and time-bound (SMART) targets. It enables you to turn your grant from a concept into execution.Why are SMART goals so effective?Because they are created to be realistic, SMART goals are successful. Realistic goals increase your chances of success.SMART goals are also intended to be measurable, so you will know when you have achieved them and may celebrate your success.To know more about SMART goals, visit:
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Refer to Table 14-1. The price and quantity relationship in the table is most likely a demand curve faced by a firm in a
a. monopoly.
b. concentrated market.
c. competitive market.
d. strategic market.
The price and quantity relationship in the table is most likely a demand curve faced by a firm in a strategic market. Hence, option D is appropriate.
What is the meaning of the demand curve?The relationship between the cost of an item or product and the amount demanded over a specific period is represented graphically by the demand curve. In a typical representation, the price will appear on the left-hand vertical axis, and the quantity demanded on the horizontal axis.
The demand curve has two types: the individual demand curve and the market demand curve. It displays a graphical representation of the demand schedule. It can be created by plotting the price and quantity demanded on a graph. In the demand curve, the price is represented on Y-axis, while the quantity demanded is represented on the X-axis of the graph.
Hence, option D is correct.
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which type of investor in mutual funds would be least likely to be concerned about back-end loads?
Passive or index investors would be least likely to be concerned about back-end loads.
Passive or index investors are individuals or institutions that invest in a diversified portfolio of securities that mirrors a market index, such as the S&P 500. They do not actively try to pick winning stocks or time the market, but instead seek to match the performance of the overall market. This investment strategy is considered to be less risky and less costly than actively managing a portfolio.
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What are the three most effective measures of the economy?
Gross Domestic Product (GDP), Customer Price Index (CPI), and Unemployment rates are the three most effective tools to measure the economy.
There are 3 most suitable economic indicators to measure an economy:
Gross Domestic Product or GDP measure an economy production level based on the quantity of products produced within a country. GDP reflects an economy consumption level. GDP mainly used to evaluate a country's economic growth. However GDP fails to capture the real economic well-being because it cannot represent the quality of living in the country.
Customer Price Index or CPI measures the economy's pricing power and reflect the inflation level of an economy. CPI measure the price changes in a customer's consumption basket. CPI can detect any inflation and deflation of a country based on the price level changes. An increae on price level might indicates inflation, meanwhile a decrease on price level reflects deflation in an economy.
Unemployment rate represents the level of the labor force who has no job. Unemploymen rate shows the proportion of non-working labor foce who are actually should be working. Unemployment rate of a country might be fluctuated based on may reasons, including seasons, government policy, and labor union movement. Unemployment rate might reflect a country's income level.
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What are the main types of financial markets?
The main types of financial markets are Money Markets, Bond Markets, Stock Markets, Foreign Exchange Markets and Derivative Markets
What is financial markets?A financial market is a broad term that refers to any marketplace where the buying and selling of assets such as stocks, bonds, derivatives, and other financial instruments takes place.
1. Money Markets: These are markets that deal in short-term debt instruments, such as Treasury bills, certificates of deposit, and commercial paper.
2. Bond Markets: These are markets that deal in long-term debt instruments, such as corporate bonds and government bonds.
3. Stock Markets: These are markets that deal in shares of publicly listed companies.
4. Foreign Exchange Markets: These are markets that deal in foreign currencies.
5. Derivative Markets: These are markets that deal in financial instruments whose value is derived from underlying assets. Examples include futures, options, and swaps.
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when large, incumbent firms buy start-up companies, the transaction is generally described as a(n)
when large, incumbent firms buy start-up companies, the transaction is generally described as a(n) acquisition The ownership of corporations, other business organizations,
or their operating units may be transferred to or merged with another firm or business organization through a commercial transaction known as a merger or acquisition (M&A). M&A, a component of strategic management, may enable businesses to expand or contract, change the character of their operations, or alter their competitive position. Technically speaking, an acquisition happens when one entity buys the stock, equity interests, or assets of another corporation. A merger, on the other hand, is the legal fusion of two commercial companies into one.
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dave and ellen enter into a contract via e-mail. when a dispute arises over the performance of the deal, dave files a suit against ellen. the emerging body of law that governs transactions conducted via the internet is referred to by the term:
Dave and Ellen enter into a contract via e-mail. When a dispute arises over the performance of the deal, Dave files a suit against Ellen. The emerging body of law that governs transactions conducted via the internet is referred to by the term: Cyberlaw.
What are laws?A law means the legislations or regulations which are binding on the citizens to obey them. A law is a body of rules of action or conduct prescribed by controlling authority and have binding legal force.
The cyberlaws are the laws made for the internet. The internet has become a part of every day life of a person. So people can use it freely without fear of harassments and breach of data, the government made cyber laws.
So, all the cases related to the internet comes under the cyberlaws of a nation and there is proper police team for it.
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Which buying method can save money but means you must have trust in the reliability of your supplier? a. economic order quantity b. fixed order c. last in first out d. just in time please select the best answer from the choices provided a b c d
Just in Time.
Just in Time buying method can help save money by only ordering what is needed, when it is needed, and avoiding inventory costs.
This method does require a lot of trust in the supplier's reliability, as the goods must arrive on time and in the correct quantities to ensure the business's operations are not disrupted.
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Riley, a member in industry, is the CFO of Deutsch Sales, Inc. The firm of Morgan & Francone, CPA's is performing an audit of the company for the year ended June 30, 20X6. Morgan & Francone, CPA's is about to conclude the audit engagement and issue their report on the June 30, 20X6 financial statements. Riley is aware that a number of irregularities exist in the company's books and records that would materially and negatively affect the company's financial position and results of operations for the audited year. However, the firm did not ask Riley specifically about these irregularities or request any information that would relate to them. What is Riley's obligation to inform Morgan & Francone, CPA's regarding these irregularities?
a) The concept of "don't ask, don't tell" applies here. If the firm did not ask, Riley has no obligation to inform them.
b) Yes, Riley must disclose the information to the firm.
c) Riley cannot disclose the information as it would be an act of insubordination against her employer.
d) Only if Riley signed the representation letter would she be obligated to disclose the information
Note that given the above scenario or case study, "Riley must disclose the information to the firm." (Option B). This is a mandatory obligation as far as the ethics of the profession are concerned.
What is the justification for the above response?Riley has a duty as CFO and member of management to offer correct and comprehensive information to the auditors in order for them to conduct their audit and produce an accurate report on the company's financial statements.
Furthermore, professional auditing standards, such as the Auditing Standards in the United States under AICPA, require management to submit all relevant information to auditors, whether they expressly request it or not. In this scenario, even though the auditor did not expressly ask about the irregularities, Riley has an ethical and professional duty to notify the firm about them if she is aware of them that might have a major negative effect on the company's financial position and results of operations.
Failure to do so may be deemed fraud, with legal and professional ramifications.
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What are the characteristics and features of command economy?
Typically, a central authority includes the following: In order to function, a market system needs a central economic plan, governmental regulation of the production factors, and (presumed) social equality.
What is a good example of the economy?A well-known example of an economy is the traditional economy, which leverages a nation's customs and history to guide product development and marketing. Early civilizations were built on the pillars of agriculture, fishing, and wildlife.
By economic money, what do you mean?Many individuals believe that economics is simply about riches when they hear the word "economics." Economics includes more than just money. It entails weighing a number of possibilities or alternatives. Finance is a factor in some of these important choices, but not all of them.
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Why does the risk management team review contract details?
Select one:
a. To ensure all fair hiring and employment laws and regulations are followed.
b. To ensure the amount of risk transfer is appropriate and the cost is acceptable.
c. To ensure all contract details are standard boilerplate materials.
d. To ensure all high significance, high impact risks are transferred.
The risk management team review contract details c. Ensure all contract details are standard boilerplate materials.
Risk management team audit contract subtleties to guarantee how much gamble move is fitting and the expense is OK. Any remaining choices are off-base.
Contract risk between the executives is the interaction that permits organizations to understand the greatest worth of their agreements while consistently distinguishing, following, and limiting gamble all through the agreement lifecycle.
The reason for the risky move is to pass the monetary responsibility of dangers, as legitimate costs, harms granted, and fixed costs, to the party who ought to be mindful, should a mishap or injury happen on the business' property.
Hence option (C) is correct.
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What are the 4 types of goals?
An objective or target that a person is attempting to obtain or accomplish is known as a goal. Goal is another term for the finish line of a race or the item that players try to insert an object into as part of a game.
What are the four different goals?Various organizational categories can be used to classify goals into four different groups.
Goals with a deadline.Goal-based on performance. Short-term goals that are tied to specific responsibilities or activities are called performance-based goals.Goals with a focus on quantity versus quality.Process-versus-outcome-oriented objectives.What are the purposes of goals?The four most crucial results of goal setting are motivation, vision, accountability and fulfilment (or achievement). These results enable staff members to recognise their role in the bigger picture, work toward a goal and rejoice alongside the team when it is accomplished.To know more about goal, visit:
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Elon Musk fears that...
Answer: religious extremism, a declining birthrate, and "artificial intelligence going wrong."
Explanation: This is what Elon Musk fears also death
What was John Hay's Open Door Policy?
Hay recommended a free, open market and equal commercial opportunity for merchants of all nationalities working in China, based in part on the Treaties of Wangxia and Tianjin.
Who was John Hay?John Hay, full name John Milton Hay, was a United States secretary of state who expertly led his country's diplomacy during the vital period of its growth as a great power; he is particularly linked with the Open Door policy toward China.
Hay studied law in Springfield, Illinois, where he met future President Abraham Lincoln. From 1861 until 1865, he was President Lincoln's private secretary, and he held different diplomatic posts in Europe under subsequent Republican administrations.
Following a five-year tenure as an editorial writer for the New York Tribune, Hay returned to government service as assistant secretary of state from 1879 to 1881.
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Which of the following would be an appropriate alternative hypothesis? O A. The mean of a population is equal to 55. O B. The mean of a sample is equal to 55. O C. The mean of a population is greater than 55. O D. The mean of a sample is greater than 55
The applicable indispensable thesis in this case would be C. The mean of a population is lesser than 55.
This is because the null thesis countries that the mean of the population is equal to 55, and the indispensable thesis is the contrary of this statement. The indispensable thesis should always be the contrary of the null thesis, so in this case we'd use the indispensable thesis that the mean of the population is lesser than 55. This is to test the thesis that the mean of the population isn't equal to 55, and that it's in fact lesser than 55. This indispensable thesis can also be tested through statistical styles similar as thesis testing to determine if in fact the mean of the population is lesser than 55.
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How do I calculate sales tax backwards calculator?
Sales tax backward calculator to reverse calculate the deals duty paid and the price paid before levies. Duty can be a state deals duty, use duty and original deals duty.
Still, rear deals duty workshop in the following way: If material price is material- 01 = 100 PKR. Sales tax backward can be calculated:
Step 1 Take the total price and divide it by one plus the duty rate.
Step 2 Multiplies the result from step one by the duty rate to get the duty value.
Step 3 Abate the duty value from Step 2 from the total price. To determine the quantum of plutocrats subtracted from your hires, add the quantities you've calculated for FICA levies, income levies, and other deductions. Also, abate that total quantum from your periodic gross pay.
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A(n) _____ is the symbolic embodiment of all the information connected with a product or service. A. trademark B. copyright C. patent D. brand E. advertisement
Answer: A: Trademark
Explanation:
I hope this helps!
When an entrepreneur attempts to start and build a company from personal finances or from the operating revenues of the new company he is?
When someone tries to start and grow a business with their own money or the profits from the new business, this is referred to as bootstrapping. Bootstrapping also refers to a method for determining the zero-coupon yield curve from market data.
During business cycles, economic activity experiences periods of expansion and then decline. These advancements have an impact on both the overall well-being of society and the welfare of private businesses. To ascertain how business cycles have evolved over time, changes in a broad economic indicator, such as Real Gross Domestic Product, are typically investigated. Widespread upswings and downswings in a number of macroeconomic indices are typical examples of business cycle fluctuations. The length and intensity of each expansion/recession episode varies over time. Their periodicity typically spans between two and ten years. As in, such flexible knowledge about the frequency of business cycles may actually be included in their mathematical analysis, which uses a Bayesian statistical paradigm.
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When someone tries to start and grow business with their own money or the profits from new business, this is referred to as bootstrapping.
What is bootstrapping?Bootstrapping is a situation in which a business is started by an entrepreneur with little outside money and primarily through internal resources. Bootstrapping is the practice of starting and expanding a business solely with personal funds or earnings from the business' activities. Bootstrapping is the process through which a businessperson establishes their company with little to no financial backing. vs starting a company by first obtaining funding from venture capital firms or angel investors. Conversely, founders who are bootstrapped depend on their own resources, labor, lean operations, rapid inventory turnover, and cash runway to succeed. For instance, a bootstrapped company may take preorders for its product and utilize the proceeds of sales to create and deliver the products.
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Winifred, Inc. paid $1.64 as an annual dividend per share last year. The company is expected to increase their annual dividends by 3% each year. How much should you pay to purchase one share of this stock if you require a 9% rate of return on this investment
Whatever stage of your life you're in, shareholders stocks may be a wonderful way to boost your income and increase the growth potential of your portfolio.
What does a company mean?A group of people can get together to legally create a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways both tax and responsibility reasons.
What kind of company is it?According to the Companies Act, a company is a legal commercial entity. It is a legitimate organization having a different identity from the people that make up or run it. As a result, it may be seen as a manufactured person made by the law. In relation to the
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To obtain a 9% rate of return on this investment, you should pay $27.33 to purchase one share of Winifred, Inc. stock.
Define Gordon growth model.The Gordon growth model values a company's stock by assuming that dividend payments to common equity shareholders will grow at a constant rate. The GGM assumes that a company will exist forever and will pay constant-rate dividends per share.
To calculate the price you should pay for one share of Winifred, Inc. stock, you can use the Gordon Growth Model. The formula for the Gordon Growth Model is:
P = D / (r - g)
where:
P = the price you should pay for one share
D = the annual dividend per share
r = your required rate of return (in decimal form)
g = the annual rate of growth in dividends (in decimal form)
Plugging in the given information:
D = $1.64 (last year's annual dividend per share)
r = 0.09 (9% rate of return in decimal form)
g = 0.03 (3% annual growth rate in decimal form)
P = D / (r - g)
P = $1.64 / (0.09 - 0.03)
P = $1.64 / 0.06
P = $27.33
So, you should pay $27.33 to purchase one share of Winifred, Inc. stock if you require a 9% rate of return on this investment.
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What is the formula of compensation of employees?
The formula of compensation of employees is by taking (a total annual salary ÷ the number of pay periods for a gross base salary figure). Compensation may include base salary, incentives, wages and also commission.
Total employee compensation or also known as compensation of employees is made up of benefits that employee have, employee salaries, and other incentives. The base salary is what an employee is paid as wages or can be described as employee salary. Benefits that employee have might include things like health insurance, and paid time off. Incentives can include profit sharing or annual bonuses.
Compensation can be describing as the cash rewards that paid to employees in exchange for the services they already provide. Compensation may include base salary, incentives, wages and also commission. Total compensation of employees includes cash rewards as well as any other company benefits.
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Why is interdependence between countries important?
Trade is essential for supplying countries with the commodities, services, and resources they need to thrive in the global economy.
What is the Importance of Interdependence?Trade opportunities increase as a result of economic interdependence. Increased trade between nations encourages the interchange of goods and expands employment prospects on a national and worldwide scale. Selling specialist goods in the same area could face fierce rivalry. Through a vast network of other people, we are able to meet our demands. Because they depend on other nations to meet domestic demand and to market their own products, the majority of nations today are likewise interdependent. Strong interconnection exists, and decisions made by one country frequently affect other countries.
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Why did Joseph Stalin place high value on motherhood?
The correct answer is A) wanted Children in the Soviet Union to hold a special place in the hearts of citizens and the Party. They represented the innocence of youth and the pledge of a socialist future.
For the transnational Marxist Revolution to succeed, the youth had to be treated well and educated politically. Women to produce further workers. Joseph Stalin valued fatherhood greatly because he wanted women to produce further workers.
Collectivization and Industrialization. In November 1927, Joseph Stalin launched his “ revolution from above ” by setting two extraordinary pretensions for Soviet Union policy rapid-fire industrialization and collectivization of husbandry.
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