Option b is correct. A risk management plan includes determining how to approach and plan for the project's risk management activities.
Risk management is the process of identifying, evaluating, and controlling financial, legal, strategic, and security risks to an organization's capital and earnings. These threats and risks can arise from a variety of sources, including economic insecurity, legal obligations, strategic mismanagement, accidents and natural disasters.
Even if an unforeseen event catches your business off guard, the impact may be small. B. Minor impact on overhead costs. However, at worst, it can be devastating and have serious consequences such as: B. Significant Financial Burden or Business Closure. To mitigate risk, organizations should devote resources to minimizing, monitoring, and controlling the impact of negative events while maximizing positive events. A consistent, systematic and integrated approach to risk management helps determine how best to identify, manage and mitigate significant risks.
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With regards to supplies, lean systems typically require: A) Delivery of large lots at long intervals B) Frequent delivery of required goods/materials as required C) Multiple suppliers since this reduces total cost D) Long-term relationships with carefully selected suppliers E) (B) and (D) above
The correct response is D) Long-term relationships with carefully selected suppliers.
A supplier is a person, company, or other organization that sells goods or equipment to customers. A company or individual that provides items to another company or service is referred to as a supplier. Suppliers are regarded as the initial link in the supply chain because they solely engage in business-to-business interactions and deliver goods to manufacturers in sizable quantities. Any person, business, or other entity that provides products or services to another entity is referred to as a supplier. An example of a supplier would be a company that sells PCBAs to OEMs or laptop manufacturers. Suppliers, who only interact with other businesses on a B2B basis, are frequently referred to as the initial link in a supply chain. A vendor, on the other hand, is a firm or individual that buys goods from a business and then sells them to another party.
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What are the 5 smart goals examples?
Improved performance at work. By August 15, I want to update my company's website in an effort to attract more customers.
Save more cash.
Keep to Your Budget.
What are some examples of SMART goals?Specific: I want to start my daily training schedule for a marathon.
Measurable: I'll use my Apple Watch to monitor my training progress as my distance increases.
Attainable: My basic fitness is good, and I've already finished a half-marathon this year.
What are some instances of SMART objectives for the office?To improve your skills, enroll in a course.
Improve your public speaking skills.
Take a look at several departments.
assemble a network of experts.
look into a competitor.
Gain better time management skills.
Strengthen your leadership skills.
Productivity will increase if stress is lessened.
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How do you recover a project that is falling behind schedule which action could you immediately take to get the project back on track?
The action could you do right away to regain control of a project that is slipping behind schedule:
1. Set a Fresh But Reasonable Deadline.
2. Separate into smaller tasks and set priorities.
How to Get a Delayed Project Quickly Back on Track?1. Make a team meeting request. For this project, your team may have met in a number of virtual team meetings.
2. Set a Fresh But Reasonable Deadline.
3. Separate into smaller tasks and set priorities.
4. Place an emphasis on real-time communication.
5. Create a plan for managing risks.
Create a fresh project plan.
Refrain from making any scope adjustments. Adjust the project's scope downward. Review the things that still need to be done. Create a fresh, workable, realistic timetable.
Therefore, the action could you do right away to regain control of a project that is slipping behind schedule:
1. Set a Fresh But Reasonable Deadline.
2. Separate into smaller tasks and set priorities.
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Isaac invests money in an account paying simple interest. He invests $120 and no money is added or removed from the investment. After one year, he has $129. 60. What is the simple percent interest per year?.
Simple interest is defined as the amount of money received for a particular period of time due to an investment made.
To find the simple percent interest per year, you can use the following formula:
Simple Interest = (Principal x Rate x Time) / 100
In this case, the principal is $120, the final balance is $129.60, and the time is 1 year. To find the rate, you can rearrange the formula to:
Rate = (Simple Interest x 100) / (Principal x Time)
Plug in the known values:
Rate = (($129.60 - $120) x 100) / ($120 x 1)
Rate = (9.60 x 100) / 120
Rate = (960 / 120)
Rate = 8
So the simple percent interest per year is 8%.
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The amount of money earned over a specific time frame as a result of an investment is known as simple interest.
How are simple percent issues solved?You may apply the formula Percent Base = Amount to solve for such unknown values in percent issues. Alternately, you might put up the percentage as Percent =, where Percent represents a ratio of a value to 100. The percentage can then be resolved using cross multiplication.
Calculation :You may use the calculation below to determine the annual simple percent interest rate:
Simple Interest is equal to 100 times (Principal x Rate x Time).
In this instance, the term is 1 year, the principle is $120, and the final amount is $129.60. You may rewrite the formula as follows to determine the rate:
Rate = (Simple Interest multiplied by 100)/ (Principal x Time)
Add the predetermined values:
Rate: ($120 x 1) / ($129.60 - $120) x 100
Rate = (9.60 x 100) / 120
Rate = (960 / 120)
Rate = 8
Therefore, the annual simple percent interest rate is 8%.
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Opportunity, cost is defined as:
(a) the value of the least desired alternative sacrificed to obtain another good or service, or to undertake another activity.
(b) the monetary value of obtaining a good or service, or to undertake an activity.
(c) the value of live most desired alternative sacrificed to obtain another good or service, or to undertake another activity.
(d) another name for the regret of not taking the action of obtaining a good or service
Opportunity cost is defined as the monetary value of obtaining a good or service, or to undertake an activity.
In business terms opportunity cost is defined as the cost of the next best alternative foregone.
And it has been represented the sacrifices that people must make due to the scarcity of resources.
The term resources are limited but wants are unlimited it will make choices must be made.
Here we want to know the other term that is called scarcity which is none other than an economic situation wherein the demand for the product or resources overpasses the existing supply.
And this will also defines the shortage of supply causes the price of these products and resources to rise.
Therefore, the correct option is B.
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Beverly and Paul file married filing jointly. Beverly receives compensation from her employer who deducts federal withholding taxes and remits them to the IRS. Paul is self-employed and made only one quarterly deposit of his federal taxes this year. At the time of filing, the couple owed an unpaid tax liability equal to two-thirds of what Paul should have remitted to the IRS. What does this mean for the couple
The thing that the couple means is that I only which is Beverly and Paul owe the remaining tax liability jointly, and the IRS may require either, or both, to pay it.
What is tax liability?Your total tax burden is the sum of the taxes you owe the IRS for self-employment tax, capital gain, income tax, penalties, and interest. Any past-due taxes from prior years that you have not yet paid are also included in this. Tax responsibilities include things like capital gains tax, income tax, and sales tax. Governments at all levels, including the federal, state, and municipal levels, levy taxes. If your total tax for the previous year was 0 or you didn't have to file a tax return, you had no tax liability. Your total tax was zero if it appeared on either line on Form 1040, U.S. Individual Income Tax Return, or Form 1040-SR, U.S. Tax Return for Seniors.
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Who plays the role of team in Scrum Mcq?
In a Scrum Team, there are solely three roles: Scrum Master, Product Owner, and the Development Team. No other position is allowed and there is no exception to this rule.
What is a Scrum Master role?The scrum grasp helps the group decorate and streamline the methods via which they reap their goals. They do so as a crew member, or collaborator, ideally no longer as any individual in control. The pleasant scrum teams are self-organizing, and consequently don't react properly to top-down management.
In a team, special people have distinctive roles to play. Here are five roles of an wonderful team: Leaders, Creative Director, Facilitator, Coach and a Member. All these are indispensable factors of a team, however they want not be exclusive.
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https://brainly.com/question/30090792#SPJ4Len and three of his friends decide to rent a house and split the cost evenly. they each paid $725 towards the total move-in cost of first month's rent, last month's rent, and a security deposit. if rent is $800 per month, how much was the security deposit? a. $575 b. $725 c. $1,300 d. $2,100 please select the best answer from the choices provided a b c d
If four people paid the first month's rent, the previous month's rent, and the security deposit in full, each paying $725, the total amount paid would be $725 x 4 = $2900.
Since the rent is $800 per month, the first and last months' rent will total $800 x 2 ($1600).
The security deposit is therefore $2900 - $1600 = $1300.
so answer in given option is c. $1,300 .
What exactly do they mean when they say "deposit"?Money held at a bank is referred to as a deposit in the world of finance. A deposit is a transaction in which money is transferred to another party for safekeeping. However, a deposit can also refer to a sum of money used as security or collateral for the delivery of an item. A deposit is a sum of money held in a bank account. Demand deposits and time deposits are the two different forms of deposits. Checking, savings, and money market accounts are all types of demand deposit accounts. Time deposit accounts include individual retirement accounts (IRAs) and certificates of deposit (CDs).
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What should the Scrum Master do when the Product Owner is not agreeing?
The thing that the Scrum Master do when the Product Owner is not agreeing is given below
Facilitate communicationEncourage the Product Owner to make clear, actionable product backlog itemsHelp the team to understand the Product Owner's prioritiesEncourage collaboration and active participationRemind everyone of the Scrum valuesWhat the Scrum Master can do?The Scrum Master is responsible for facilitating the Scrum process and ensuring that the team is following the Scrum framework. When the Product Owner is not agreeing with the team or other stakeholders, the Scrum Master should take the following steps:
Facilitate communication: The Scrum Master should help facilitate communication between the Product Owner and the team. This can involve setting up meetings, providing translation if necessary, and helping to ensure that everyone understands each other's perspectives.Encourage the Product Owner to make clear, actionable product backlog items: The Scrum Master should work with the Product Owner to make sure that the product backlog items are clear and actionable, and that the team understands what they need to do to meet the Product Owner's needs.Help the team to understand the Product Owner's priorities: The Scrum Master should help the team understand the Product Owner's priorities and help them align their efforts with those priorities.Encourage collaboration and active participation: The Scrum Master should encourage active participation from all stakeholders and help create a culture of collaboration.Also Remind everyone of the Scrum values: The Scrum Master should remind the Product Owner, the team and any other stakeholders of the Scrum values (Commitment, Courage, Focus, Openness and Respect) and how they are related to the situation at hand.
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Two main communication challenges of using company internet systems are legal and security issues and inability to handle visual impaired customers poor grammar bandwidth limitations lack of personal interaction
Legal and security concerns as well as the inability to serve consumers with visual impairments present two major communication obstacles when using company internet networks. grammatical errors bandwidth restrictions absence of intimate contact. true.
The conventional definition of communication is the exchange of information. The phrase can also be used to refer to the transmission message or the topic of study it is a part of. Its exact definition is a hotly debated subject. John Peters claims that because communication is both a frequent event and a distinct academic field with institutional support, it is difficult to define. One definitional strategy is to restrict the scope of behaviors that fall under the definition of communication. This argument suggests that the process through which individuals or groups generate mutually acceptable meaning through the use of signs, symbols, and semiotic standards can be described as communication.
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What is a general ledger bookkeeper?
A general ledger bookkeeper is a bookkeeper who maintains all the financial records of a business.
A general ledger bookkeeper is an important role in the accounting process. They are responsible for managing the company’s financial accounts and records, including the daily transactions and balances.
They create, maintain, and update the general ledger, which is a detailed record of the company’s financial activity. This includes tracking all financial transactions, recording account balances, and creating financial statements.
The general ledger bookkeeper also reconciles accounts, resolves discrepancies, and prepares financial reports.
They are a key part of the accounting team and are essential to ensuring accurate financial records and compliance with generally accepted accounting principles (GAAP).
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What qualities should a good agile team exhibit?
Strong communication and a collaborative mindset, cross-functional composition, pride in self-organization, and a focus on customers' demands are all characteristics of a good agile team.
what is an agile team?
A small group of individuals allocated to the same project or effort, almost all of whom work full-time, is referred to as a "team" in the Agile context. A small percentage of team members might work part-time or have additional obligations.
The idea of a team implies shared responsibility; whether the results are good or negative, they should be assigned to the team as a whole rather than to any one person. The team is anticipated to have all required skills, whether technical (programming, designing, testing) or managerial (domain knowledge, decision-making ability).
Results are more important than roles and responsibilities: a developer may test, analyze, or consider requirements; an analyst or domain expert may offer ideas regarding implementation, and so forth.
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What do entrepreneurs do when starting a business?
Entrepreneurs mix the first three of them to manufacture goods or provide services. They frequently draft a company's business plan, hire personnel, collect supplies and money, and provide administration and leadership.
There are several difficulties that entrepreneurs face as they build their enterprises. The three that the majority of them believe to be the most challenging are as follows:
Confronting bureaucracyfinancing acquisition.talent acquisition.Entrepreneurship is the combination of resources such as cash and labor to produce goods or services for a profit. To realize their idea, an entrepreneur starts a business. Although incredibly risky, entrepreneurs can also be immensely rewarding since it promotes wealth, innovation, and economic growth.
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They usually write a business plan, hire staff, gather materials and funding, and provide the company direction and management. When starting their businesses, entrepreneurs frequently confront numerous challenges.
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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Time-series data may exhibit which of the following behaviors?
A) Trend
B) Seasonality
C) Cycles
D) Irregularities
E) All of the above
A random component is included in almost all time series, although not all time series also contain Seasonality additional components.
Data that is gathered over time is known as a time series, but there are other forms of data that show when and how a time series was recorded. Time series data, for instance, are data that are captured at regular periods of time. In cross-sectional data, numerous variables are captured concurrently.
Time series elements that cause short-term variations are seasonal patterns. Seasonal trends are transient changes in data brought on by seasonal variables. This component's phase of vibration might happen more than once in a year.
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What is the highest paid in accounting?
The Chief Financial Officer (CFO) is the designation that is highest paid in accounting.
Accounting is one of the most important and rewarding professions in the world. As a result, many accounting professionals are able to command high salaries and income potential.
The highest paid accounting job is typically the Chief Financial Officer (CFO). CFOs typically manage a company’s finances and investments, making them a crucial part of any business.
Other high-paying accounting positions include tax directors, controllers, and audit managers. With the right qualifications and experience, you can also earn a high salary in accounting.
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What information is found on Form W-2?
The earnings you received from your job, the amount of taxes deducted from your paycheck, the perks you received, and other details for the year.
What information is included in W-2?The information on a W-2 tax form is crucial for understanding your income from your employer, the amount of taxes deducted from your pay, the benefits you received, and other details for the year. Your state and federal taxes are filed using this form.A typical tax form that is created by a business for each employee and displays the total salary paid to that employee as well as the taxes deducted during the year. W-2 forms are also known as. The majority of the content was published by Penguin Random House LLC in 2005, 1997, and 1991.An employer is required to provide Form W-2, also known as the Wage and Tax Statement, to each employee and the Internal Revenue Service (IRS) at the conclusion of the tax year. An employee's annual salary and the quantity of benefits are disclosed on a W-2.To learn more about W-2 refer to:
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The political business cycle refers to the possibility that:
O incumbent politicians will be reelected regardless of the state of the economy.
O politicians will manipulate the economy to enhance their chances of being reelected.
O there is more inflation during Democratic administrations than during Republican administrations.
O recessions coincide with election years.
The political business cycle refers to the possibility that politicians will manipulate the economy to enhance their chances of being reelected.
A politician is someone who participates in party politics or who has or is running for public office. Politicians suggest, back, oppose, and enact laws that control the nation and, by implication, its citizens. A politician, broadly defined, is somebody who aspires to political authority in a government.
Politicians are those who are involved in politics, particularly party politics. Governments at all levels, including municipal, state, federal, and international, have different political stances. Politicians are everyone in the government.
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What are the different types of accounts in bank?
A checking account is your "daily account," so to speak. It serves as a safe haven for the cash you use to make regular purchases or pay your payments. Savings, money market, and certificate of deposit accounts are all available.
The ideal bank account for beginners is...A bank account is indeed a low-risk investment where you can make money-earning interest. Your savings account funds are taken by credit unions and financial institutions and used to fund loans for other clients.
What is a savings account superior to?High-yield checking accounts provide interest rates that are higher than those of savings accounts. As opposed to lesser savings account rates, a few of these checking and savings accounts proffer to a 2% annual extraction efficiency.
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How Accenture differentiate itself from its competitors?
We provide Strategy and Consulting, Technology and Operations services, and Accenture Song, all powered by the largest global network of Advanced Technology and Intelligent Operations centers, combining unmatched experience and specialised skills across more than 40 industries.
Why is Accenture distinctive?Having worked in a variety of industries, including communications, technology, finance, public services, and product resources, it has developed a team with a variety of skills. Accenture stands out from the competition due to its committed and qualified staff for each industry.
We bring together thought leaders in strategy, subject matter experts, practitioners of enterprise functions, experts in business intelligence, designers, data scientists, and many other specialized skills to see the possibilities all around your company and bring about positive, long-lasting change.
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How does the monetary policy affect Federal Reserve?
The Federal Reserve implements monetary policy to achieve its policy goals of price stability, maximum employment, and financial stability.
The Federal Reserve sets a target for the federal funds rate, which is the rate at which banks lend to each other. Changes in the federal funds rate influence other interest rates, such as those for consumer and business loans, and can create different economic conditions.
When the federal funds rate is lowered, it encourages borrowing, spending, and investing, which can lead to economic growth. Conversely, when the federal funds rate is increased, it discourages borrowing and can help keep inflation in check.
In addition to the federal funds rate, the Fed can also adjust the money supply through open market operations, or buy and sell U.S. government securities on the open market. This can also help the Fed achieve its goals of price stability, maximum employment, and financial stability.
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the business marketer normally deals with ________ than the consumer marketer does.
: Because there are positive externalities from higher education, A. Private markets will over-supply college classes. B. Government intervention cannot improve the market for college classes.C. The government should impose a tax on college students.D. Private markets will under-supply college classes.
Option D is correct.
( Private markets will UNDER-supply college classes)
Step by step explanation:
Beneficial Externalities in Higher Education:
A positive externality occurs when an individual or firm making a decision does not receive the full benefit of that decision. In order to achieve optimal equilibrium, your community association may agree to offset the costs of an additional hedge.
More people will be able to pay taxes in that case, increasing the government's tax revenue, which can then be used to provide more infrastructure, development, and services to society as a whole.
Private markets will under-supply college classes due to positive externalities.Because of the positive external benefit, social value rises and optimal is at a higher supply. However, because of private values and school costs, private markets will under-supply college classes.tony hsieh served as ceo of _____, and eventually sold the firm to amazon for $900 million.
Zappos was run by Tony Hsieh, who later sold it to Amazon for $900 million.
Who is Tony Hsieh?Anthony Hsieh was a venture capitalist and American internet entrepreneur. After 21 years, he stepped down from his position as CEO of the online retailer Zappos in August 2020. Hsieh co-founded LinkExchange, an online advertising network, which he sold to Microsoft in 1998 for $265 million, prior to joining Zappos.
Hsieh was born in Urbana, Illinois, to Taiwanese immigrants Richard and Judy Hsieh who met while attending graduate school at the University of Illinois. With his college friends Sanjay Mandan and Ali Partovi, Hsieh began to create the concept for the LinkExchange advertising network in 1996.
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What is socialist command economic system?
Its current system has been described as a socialist request system. Command economic system, also known as planned frugality, requires that a nation's central government enjoy and control the means of production.
The command economic system is like a tree box, while illiberalism and communism are their different branches. Both illiberalism and communism are types of command frugality. In all three, the government controls businesses, coffers, and profitable exertion in the country. All have central planning, too.
A command frugality, also known as planned frugality, is one in which the central government plans, organizes, and controls all profitable conditioning to maximize social weal. Command husbandry, instead of free-request husbandry, don't allow request forces like force and demand to determine product or prices.
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What are the 7 basic Excel formulas?
1 – SUM() SUM: This is possibly Excel's most primary and often used formula. two – AVERAGE() AVERAGE: As the title suggests, this formulation returns the common of a range of cells.
3 – COUNT() , four – MAX() , 5 – MIN(), 6 – IF() , 7 – VLOOKUP().
What are easy formulation in Excel?Simple formulation usually start with an equal signal (=), observed by means of constants that are numeric values and calculation operators such as plus (+), minus (-), asterisk(*), or ahead cut back (/) signs. Let's take an example of a easy formula. On the worksheet, click the cellphone in which you desire to enter the formula.
What are the seven basic Excel formula?The SUM feature is the first must-know system in Excel. It usually aggregates values from a decision of columns or rows from your chosen range. Example: =SUM(B2:G2) – A easy choice that sums the values of a row
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https://brainly.com/question/27927845#SPJ4True/False Questions 1) Knowledge workers are people who succeed by adding value to information. Answer: 2) Knowledge workers need selling skills to communicate information to consumers. Answer: 3) Managers do not need sales skills because they need to obtain information from clients, not communicate information to clients. Answer 4) Firms that hire professionals such as accountants and engineers always hire separate sales staff so the professionals do not have to sell. Answer: 5) Once an entrepreneur's company is successful, the entrepreneur no longer has to sell. Answer 6) Another name for missionary salespeople is "detail salespeople." Answer: 7) Salespeople today need to have more education and skills than salespeople did in the past. Answer: 8) Salespeople who are promoted to management make more money than do their coworkers who stay in sales. Answer: 9) Sales positions can be a good track for promotion to supervisory-management positions. Answer: 10) The highest compensation for salespeople generally goes to those focusing on transactional sales. Answer:
1. The statement is True. Knowledge workers are people who succeed by adding value to information.
2. The statement is True. Knowledge workers need selling skills to communicate information to consumers.
3. The statement is False. Managers do not need sales skills because they need to obtain information from clients, not communicate information to clients.
4. The statement is True. Firms that hire professionals such as accountants and engineers always hire separate sales staff so the professionals do not have to sell.
5. The statement is False. once an entrepreneur's company is successful, the entrepreneur no longer has to sell.
6. The statement is True. Another name for missionary salespeople is "detail salespeople."
7. The statement is False. Salespeople today need to have more education and skills than salespeople did in the past.
8. The statement is True. Salespeople who are promoted to management make more money than their coworkers who stay in sales.
9. The statement is False. Sales positions can be a good track for promotion to supervisory-management positions.
10. The statement is True. The highest compensation for salespeople generally goes to those focusing on transactional sales.
Commercial enterprise facts are statistics that hold which means, value, or significance for your business. it'd consist of any reports, spreadsheets, metrics, regulatory reporting, web pages, files, dashboards, and so on that suit the definition of having which means, fee, or importance in your enterprise. data is a group of records, and at the same time as facts place those records into context. whilst records are raw and unorganized, records are prepared.
The information enables heading off the duplication of research. facts stimulate the concept method of the users, specifically the scholars. the information allows scientists, engineers, pupils, and many others. to get properly knowledgeable about the present-day advancements of their subjects, and to keep them updated.
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If the demand function for money is M/P = 0.5Y - 100r, then the slope of the LM curve is: A) 0.01. B) 0.001. C) 0.005. D) 0.05.
If the demand function for money is M/P = 0.5Y - 100r, then the slope of the LM curve is 0.005.
Any tangible object or verifiable record generally accepted as payment for goods and services and the return of obligations, such as taxes, in a country or socioeconomic context certain association is called money.
Money serves as a medium of commerce, a unit of account, a store of value, and sometimes a deferred payment standard. These are its four main goals. Since virtually all modern monetary systems are based on unsecured fiat money and have no intrinsic value as a commodity, currency has been an emerging market phenomenon in history.
Hence the correct answer is C
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A(n) _____ is a consumer report that employers use to screen potential employees and check their credit, history, and legal status.
A background check is a consumer report that employers use to screen potential employees and check their credit, history, and legal status.
What is the background check used for?Background verification is used in companies to verify the veracity of the personal information provided by a candidate who is going to fill a vacancy in a personnel selection process.
In addition, there are companies that hire specialized investigative firms to review criminal or legal records, credit history, and legal status. The hiring of a new employee depends on the results obtained from this verification.
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What are the characteristics of financial market?
The characteristics of financial market are Liquidity, Price Discovery, Leverage, Transparency, Accessibility, Efficiency, and Regulation.
What is financial market?A financial market is an organized institution, or an arrangement, that enables people to buy and sell financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect the current market conditions.
1. Liquidity: The ability to quickly and easily buy or sell financial assets for cash with minimal price impact.
2. Price Discovery: The process by which buyers and sellers interact to determine the prices of financial assets.
3. Leverage: The ability to borrow funds to increase the size of a position taken in the market.
4. Transparency: The ability of market participants to have access to the same information at the same time.
5. Accessibility: The availability of the market to participants in different locations.
6. Efficiency: The ability of the market to process orders quickly and accurately.
7. Regulation: The establishment of rules and regulations to ensure fair and orderly markets.
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What are some benefits of paying taxes brainly?
Avoid additional interest and fines, Save your future refunds. Any refund must first be used to cover any outstanding back taxes, in full or in part and Credit ratings may be impacted and loan applications may become more difficult if the IRS registers a tax lien against a taxpayer.
What exactly do we mean by tax?A tax is a compulsory fee or financial charge imposed by a government on a person or an entity in order to raise money for public works projects that provide the greatest infrastructure and facilities. Afterward, several public expenditure projects are funded using the funds obtained.
We pay taxes because why?Due to their inability to successfully provide such services for themselves, all residents benefit from taxes that are used to pay for defense, roadways, police, and a justice system, among other necessary services.
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Your tax money support public services like police and firefighters in addition to supporting the wages of government employees. The safe and well-maintained roads you use are made possible in part by tax dollars. Taxes support public parks and libraries.
In order to ensure that taxpayers are paying the correct amount of tax at the correct time and receiving the correct tax allowances and tax reliefs, tax compliance refers to both governmental actions and individual behavior. A tax is a mandatory fee or other sort of levy that must be paid by the taxpayer in order for the government to meet certain administrative and public duties. The first known taxation was established in ancient Egypt between 3000 and 2800 BC. Both dodging taxes and refusing to pay them are against the law. Taxes can be direct or indirect and can be paid in cash or the equivalent in labor. Most countries have some sort of taxing system in place,
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