In order for supply to be price inelastic, the value of supply's price elasticity must be: smaller than 1. If the price elasticity of supply is equal to 1 or greater, the item is unit price elastic; otherwise, the item is price elastic.
The term "completely inelastic" refers to a vertical supply curve. A demand or supply is said to be inelastic if its elasticity is less than one, indicating that it is not very responsive to changes in price. Unitary elasticities show proportional responsiveness of either the supply or the demand.
The two extremes of elasticity are described as being fully elastic and perfectly inelastic. The amount supplied changes by a larger percentage than the price when the price elasticity of the supply is greater than one.
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which areas are most significant in the issue of gender equity within organizations?(select all that apply.) multiple select question. equity in pay equity in experience equity in representation equity in education
The most significant in the issue of gender equity within organizations should be equity in pay.
Pay equity is the idea that all employees, regardless of gender, colour, ethnicity, or other status, should get comparable compensation for performing similar job functions. However, this method is frequently more useful than just getting rid of different kinds of biases. Other considerations for employers include the candidate's training and work history, the demands of the position, and the organization's long-term financial health. Pay equity is vital to a company's profit line as well as its social duty. Employers may be able to: 1. Prevent discrimination lawsuits by implementing fair pay practises.
2. Adhere to the laws governing equal pay
3. Increase output and spirit
4. Lower employee turnover
5. Find talented new hires
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which of the following can be determined with the information in the table? nominal gdp in billions of dollars united states $19,458.0 japan 4,781.2 european union 17,277.6
The economic condition of the three countries can be determined using the information in the table. It is seen that the nominal GDP is highest for United States. So, it can be said that the United States has a larger economy than Japan and European Union.
What is nominal GDP?The total market value of all goods and services produced in a country's economy over a given period is known as nominal GDP. In contrast to other GDP measures, nominal GDP is not adjusted to account for price changes caused by inflation and deflation.
It rises and falls (usually rises) in response to changes in price and economic output in an economy. In practice, nominal GDP is typically used to compare GDP to other economic variables that do not account for inflation, such as debt.
Therefore, It can determined that the United States have a larger economy than Japan and European Union.
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in economics, capital is defined as: group of answer choices the willingness of business owners to take risks. human creations used in the production process. natural resources, such as water, oil, and iron ore. the number of people in the labor force. the money exchanged in the underground economy.
The correct option is C, In economics, capital is defined as human creations used in the production process.
Economics is a social science that studies the production, distribution, exchange and consumption of goods and services in an economy. It deals with the allocation of scarce resources among unlimited wants and needs. The main focus of economics is to find ways to maximize efficiency, growth, and satisfaction in an economy. The two main branches of economics are microeconomics and macroeconomics.
Microeconomics studies individual decision-making and market interactions while macroeconomics examines the economy as a whole and its behavior, focusing on issues such as inflation, unemployment, and economic growth. Economists use various theories and models to analyze economic behavior and make predictions about future trends and developments. Ultimately, economics plays a crucial role in shaping public policy and business strategy, with the goal of promoting economic prosperity and improving quality of life for all individuals.
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Complete Question: -
In economics, capital is defined as
a. natural resources, such as water, oil, and iron ore
b. the natural, unskilled abilities of people
c. human creations used in the production process
d. money and other financial assets
e. the willingness of business owners to take risks
the possibility that the issuer of a bond will not pay the contractual interest or principal payments as scheduled is called default risk. true false
True. Default risk refers to the probability that the bond's issuer may fail to make contractual interest or principal payments on time. One of the elements that influences.
the price of a bond and the interest rate that an issuer must pay to sell it is default risk. When making investment selections, investors consider default risk and often seek a greater yield or return to compensate for the risk of not receiving interest or principal payments on time. Default risk refers to the probability that the bond's issuer may fail to make contractual interest or principal payments on time. One of the elements that influences. Higher default risk leads to lower bond prices and higher yields, whereas lower default risk leads to higher bond prices and lower rates.
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if the production possibilities frontier shown for perry is for 6 months of writing, then how long does it take perry to write one poem?
If the production possibilities frontier shown for Perry is for 6 months of writing, then the answer to how long it takes Perry to write one poem depends on how much time he has available to devote to writing.
The production possibilities frontier for Perry represents the maximum amount of output he can produce with a given amount of resources.If Perry has dedicated all of his available time to writing, then he would have written 6 poems in 6 months. This means that it would take him one month to write one poem.
However, if Perry has not dedicated all of his available time to writing, then the answer to how long it takes him to write one poem would be different. If he had only dedicated half of his available time to writing, then he would have written 3 poems in 6 months. This means that it would take him 2 months to write one poem.
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Your tax refund is scheduled to be sent to your bank by: ___________
Your tax refund is scheduled to be sent to your bank by 45 days through the ITR- income tax refund processing.
The word "income tax" refers to a type of tax that governments levy on revenue produced by groups and governments under their control. Taxpayers are required by law to file each year in order to establish their tax liabilities. Governments receive funding from income taxes. They are used to pay for money owed to the government, properly fund services, and supply residents with things. Some states and municipal, in addition to the federal government, also demand payment of income tax. Taxes on a few assets, such bonds issued by local authority, is typically waived. Income tax payment is required by the feds, numerous states, and municipal.
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the demand for potted plants is more elastic than the demand for wallpaper. suppose the government levies an equivalent tax on potted plants and wallpaper. the deadweight loss would be larger in the market for
potted plants because demand for them is more elastic. The responsiveness of demand to price changes is referred to as elasticity. If demand is elastic.
a change in price will result in a relatively big change in the quantity requested, whereas a change in price will result in a relatively small change in the quantity demanded if demand is inelastic. When a tax is imposed on a product, the price rises while the amount requested falls. If the product's demand is elastic, the fall in demand will be very high; if the demand is inelastic, the decrease in demand will be relatively modest. The decline in overall surplus (consumer surplus) is the deadweight loss. + any producer surplus) as a result of the tax. When demand for a product is more elastic, the drop in total surplus is greater since the decrease in amount required is greater, and the deadweight loss is greater.
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an employer has in place a defined benefit plan featuring the unit benefit formula. a certain employee's fac is $4,800, and they have 25 years of service. the employer targeted a 30% replacement ratio with a 30-year cap for service. what is the amount of this employee's expected monthly benefit?
The amount of the employee's expected monthly benefit can be calculated using the unit benefit formula, which takes into account the employee's Final Average Compensation (FAC) and years of service.
The unit benefit formula is:
Monthly Benefit = FAC * Service Factor * Benefit Factor
The Service Factor is calculated based on the targeted replacement ratio, years of service, and a 30-year cap for service.
Service Factor = min(Years of Service / 30, 1) * Replacement Ratio
In this case, the targeted replacement ratio is 30%, so the replacement ratio is 0.30. And the employee has 25 years of service, so the service factor would be:
Service Factor = min(25 / 30, 1) * 0.30
= 0.83 * 0.30
= 0.25
The Benefit Factor is typically a constant that is established by the employer. The monthly benefit can then be calculated by multiplying the FAC, Service Factor, and Benefit Factor:
Monthly Benefit = FAC * Service Factor * Benefit Factor
= $4,800 * 0.25 * Benefit Factor
So, the expected monthly benefit for this employee is $4,800 * 0.25 * Benefit Factor. The exact amount of the benefit will depend on the value of the Benefit Factor, which is not specified in the information provided.
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an american-owned fast food chain opens in russia. how would the net revenue earned by this restaurant affect the gdp and gnp of the united states?
The net revenue would raise GNP while leaving GDP constant.
A tax-to-GDP ratio measures a country's tax revenue in relation to the size of its economy as assessed by gross household product.
Because it displays prospective taxes compared to the GDP, the ratio provides a valuable look into a country's tax revenue.
It also provides insight into the overall trend of a country's tax policy, as well as international comparisons of tax collections between countries.
GDP estimates the overall output of a country's economy in a given period and is seasonally adjusted to avoid quarterly differences due to weather or vacations.
The most closely followed GDP indicator is also inflation-adjusted to measure changes in output rather than fluctuations in the cost of goods and services.
Policymakers, financial market participants, and CEOs are more interested in changes in GDP over time, which are expressed as an annualized rate of growth or contraction.
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forefront building comapny offers you a project that will cost you $1,000 today, while paying you $500 in year 1. in year 2, there will be a second cost of $300, but the project will pay you $1,000 in year 3 and $200 in year 4. how many irrs are possible for this project?
The discount rate used to determine the present value of the future cash flows will determine how many IRRs total are 2 IRRs for this project.
It is feasible to determine various IRRs by varying the discount rate.
In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments.
IRR 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 IRR calculations. Remember that the project's true financial value is not represented by the IRR. The annual return is what brings the NPV to a negative value.
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dave needs advice for paying off an education loan that he had taken two years back. which financial service provider should he seek advice from?
Dave ought to see a lending expert or a financial advisor. A financial advisor may offer detailed guidance on Dave's financial condition, including his earnings, outgoings, and debts.
Financial service providers are companies that provide both consumers and corporations with financial goods and services. Banking, investment management, insurance, and lending are some of these services. Financial service providers assist people and organisations with money management, wealth creation, and future financial planning. They provide a variety of goods and services, such as credit cards, loans, mortgages, investments, savings and checking accounts, loans, and insurance policies. Banks, credit unions, insurance companies, investment firms, and other specialised financial organisations are examples of financial service providers. To protect the security and safety of their finances, individuals and organisations should carefully consider their options and select a reliable financial service provider.
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henri reminded the group members that they should follow the principles of right and wrong set down by the organization when making their decision. these principles represent the that govern the actions of the group. multiple choice question.
These principles represent the that govern the actions of the group. are ethics.
The correct option is A.
In contrast to values, which are thought to be more ephemeral, subjective, and ever-changing, ethical principles are norms that are considered to be more permanent, universal, and unchangeable.
Values are informed and influenced by principles.
Some of the concepts related to ethics have their roots in the writings of ancient religious movements as well as Plato and Socrates.
These ideas can be combined, and they frequently are; different ideas are also applied in various circumstances.
While being guided by these principles, it is not always easy to come to an ethical conclusion. Each person possesses a unique set of views, moral principles, interests, religious beliefs, convictions, and motivations.
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The question is incomplete. The complete question is:
Henri reminded the group members that they should follow the principles of right and wrong set down by the organization when making their decision. These principles represent the _____ that govern the actions of the group.
a. ethics.
b. knowledge
c. skills
d. emotional intelligence
to create a perceptual map, evaluations of important attributes of the relevant products are collected from whom?
To create a perceptual map, evaluations of important attributes of the relevant products are collected from target customers .
There are two main types of observation maps: standard maps and multidimensional maps. With a standard chart, you can view customer data for a single query with a two-axis graph structure. This type of map often allows a quick mapping of two product attributes, such as food taste and texture.
A perception map is a diagram that companies use to map how their customers perceive different products, products or brands. By gathering aggregated customer data, it provides perspective on how your key users understand the relative position of different products or brands in the larger ecosystem.
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the management of activities to improve the value received by the customer and the competitiveness of the organization is
The management of activities with the goal of improving customer value and organizational competitiveness is known as activity-based management.
Activity-Based Value-chain analysis and activity-based costing are used by management to examine and evaluate a company's business operations. The activity-based management (ABM) method, in other words, contrasts the cost of an activity to the value added by the activity, in order to improve operationally and/or strategically. One of the main risks associated with using the ABM method is the fact that it ignores the intrinsic value of activities and focuses only on their quantifiable and financial aspects.
As a result, even though activity-based management has some advantages, it is crucial to also consider the non-quantifiable aspects of activities when using the ABM approach to make operational and strategic changes.
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public e-marketplaces are group of answer choices usually b2b markets. often owned by a third party or consortium. usually regulated by the government. all of the above.
The correct answer is: "All of the above." Public e-marketplaces are usually B2B markets that are owned by a third party or consortium and are often regulated by the government.
Public e-marketplaces are digital platforms that allow buyers and sellers to exchange goods and services in a transparent and efficient manner. These marketplaces are usually designed for business-to-business transactions and offer a wide range of products and services, such as raw materials, finished goods, and industrial supplies. Public e-marketplaces are often owned by a third party, such as a technology company, or a consortium of companies, which provides the platform and the infrastructure for the marketplace. This allows buyers and sellers to transact with each other in a secure and reliable environment. Finally, public e-marketplaces are often subject to government regulation, which helps to ensure a level playing field for all participants, protect consumer rights, and promote fair and transparent trade practices.
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in an organization, environmental uncertainty is lowest when: environmental complexity is high. resources are plentiful. resource scarcity is high. environmental change is high.
An organization have the lowest environmental uncertainty when the resources are plentiful (B).
Environmental uncertainty refers to the degree of which the future of an organization cannot be predicted accurately and cannot be anticipated. Environmental uncertainty may vary along the time depends on these five basic factors:
Homogeneity - HeterogeneityConcentration - DispersionStability - TurbulenceResource scarcity - Resourve munificenceHostility - SupportivenessHomogeneity - Heterogeneity refers to the number of diverse groups that influence the organization. How complex the organization's environment is and how depend the organization to its environment.
Concentration - dispersion reflects on the degree of interconnection among all components within the environment. How impactful is a decision of a part of environment affect the other components within.
Resource scarcity - resource munificence refers to the abundance and availability of resources. The easier to get the resources needed the lower the environment uncertainty is for an organization.
Hostility - supportiveness refers to the level of competition and acceptance of the organization by its environment. How is the competition within the environment and how adaptive the components in the environment when a component creates changes.
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you purchased xyz stock at $50 per share. the stock is currently selling at $65. your gains would be protected by?
Your gains on the XYZ stock would not be protected by any particular mechanism. The stock market is inherently volatile and there is always a risk of loss.
There is no guarantee that the price of a stock will remain constant or continue to increase. It is flexible and changes every single minute. You can protect your gains by diversifying your portfolio, regularly monitoring market trends, and seeking the advice of a financial professional. Building a good knowledge of stocks are helpful.
However, it is important to remember that investing in the stock market carries a certain level of risk and there is no guarantee of returns.
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suppose a country a real gdp of $165. what will the size of the gdp be after 13 years if the economy grows by 4.9% each year? round your answer to two digits after the decimal without the dollar sign.
The GDP after 13 years will be $278.37 if the real GDP is $165 and the economy grows by 4.9% each year.
Calculate the compound annual growth rate (CAGR) which is equal to (final value / initial value)^(1/n) - 1, where n is the number of years.
In this case, the CAGR is 4.9% and n is 13, so the CAGR formula looks like (165/165)^(1/13) - 1 = 0.049.
Calculate the final value of the GDP by using the formula final value = initial value x (1 + CAGR)^n.
Plugging in the values gives us $165 x (1 + 0.049)^13 = $278.37.
Therefore, the GDP after 13 years will be $278.37.
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Describe how online brokerage accounts differ from managed brokerage accounts.
A managed or discretionary account is just like any other brokerage account, with one important difference. They empower professional investment advisors to manage accounts and execute trades without first consulting the client.
Brokers, also called brokers, are companies that match buyers and sellers of investment vehicles such as stocks and bonds. A brokerage account is often where investors hold their assets. Which type you choose depends on your needs and preferences. A brokerage account is a financial account of an investor who has a licensed broker to buy and sell securities.
Different companies target different investors, depending on their experience, desire for support, and wealth.
Traditional, self-directed online programs are popular with a variety of investors, especially those who prefer to explore and interact with interfaces rather than people.
Human advisors are a better option for those who prefer to interact more directly with financial professionals. Robo-advisors automate investments and use technology to manage portfolios.
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The village of old road orders a computer costing $300,000. The village finances the computer by issuing a $300,000 bond at face value. The village receives the computer and pays cash of $300,000. Prepare the journal entries to record these events assuming they were recorded in (a) the general fund and (b) an enterprise fund. Note: under the fund column, select the appropriate fund in which the transaction is recorded (ef: enterprise fund or gf: general fund)
Fund Description Debit ($) Credit ($)
GF Encumbrances - Computer 300000 0
Budgetary Fund Balance Reserved For Encumbrances 0 300000
GF Cash 300000 0
Other Financing Sources - Long-Term Debt Proceeds 0 300000
GF Budgetary Fund Balance Reserved For Encumbrances 300000 0
Encumbrances - Computer 0 300000
GF Expenditures - Capital Outlay 300000 0
Cash 0 300000
EF Cash 300000 0
Bonds Payable 0 300000
EF Equipment 300000 0
Cash 0 300000
The face price, sometimes referred to as nominal price, is the value of a coin, bond, stamp, or paper cash as imprinted on the coin, stamp or bill itself with the aid of the issuing authority. The face fee of cash, stamps, or invoice is usually its criminal fee. but, their marketplace value does want not to undergo any dating to the face cost.
The face price of bonds commonly represents the most important redemption price. hobby payments are expressed as a percent of face cost. Before maturity, the real price of a bond may be extra or much less than the face cost, depending on the hobby price payable and the perceived hazard of default. As bonds method adulthood, actual cost strategies face value.
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explain why invenory costs and invntory levels have declined realtice to gdp over he last 20 years.
Inventory costs and inventory levels relative to GDP have declined over the past two decades due to technological advances and more efficient supply chain management. Advances in technology enable businesses to better track and monitor inventory levels and optimize inventory levels to meet customer demand.
In addition, businesses have been able to use technology to automate inventory management activities such as tracking inventory levels, forecasting demand, and ordering new inventory. This reduced the cost of inventory management and allowed businesses to reduce inventory levels without sacrificing customer service. This allows companies to reduce inventory levels and inventory costs to maintain profitability.
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the primary market tends to be more active when a) the economy is slowing and stock prices are falling. b) the economy is expanding and stock prices are rising. c) interest rates are rising. d) early in the calendar year.
The primary market tends to be more active when the economy is expanding and stock prices are rising. So, the correct option is B.
When the economy is strong and growing, businesses are more likely to issue new securities such as stocks or bonds to raise capital. Additionally, investors are more likely to be optimistic and willing to invest in new securities when stock prices are rising, creating a more active primary market.
It's important to note that there are many factors that can impact the activity level of the primary market, and the relationship between the economy and the primary market is not always straightforward. However, in general, a strong and growing economy is often associated with a more active primary market.
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kendra made an offer on samâs property. sam rejected kendraâs offer, but made a counter-offer. kendra is now considering the counter. what role does kendra currently have in this scenario?
Kendra currently has the role of the buyer in this scenario. She made an offer on Sam's property, which was rejected.
Here, correct answer will be
Sam then made a counter-offer, which Kendra is now considering. As the buyer, Kendra has the option to either accept or reject the counter-offer. If she chooses to accept, she will purchase the property from Sam at the counter-offer price.
If she decides to reject it, she can either make a new offer or walk away from the deal altogether. In either case, Kendra has the power to decide the outcome of the negotiation.
She has to weigh her options carefully to determine which outcome is best for her. Ultimately, Kendra will make the decision that will result in the most beneficial outcome for her.
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on july 31, pelham, incorporated received $5,000 cash from a customer who previously purchased pelham's products on account. what entry should pelham record at the time it receives cash?
The first stage of the book- keeping process in accounting is to produce entries in the general journal where every sale is recorded by making two contemporaneous entries, videlicet, one disbenefit entry and one credit entry. An increase in means or expenditure is considered as disbenefit while an increase in arrears or profit is considered as credit.
The correct answer to the given question is option (b) Debit Cash, $5,000; credit Accounts Receivable, $5,000.
When the ELOE Inc. receives cash of$,5000 from the client who preliminarily bought ELOE's products, the cash account increase by the corresponding quantum and the accounts receivables regard diminishments by the same quantum.
Journal Entries
Cash (asset) = $5,000 (debit)
Accounts receivable (asset) = $5,000 (credit)
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1. how are percentage changes in a currency's value measured? illustrate your answer numerically by assuming a change in the thai baht value from a value of $.022 to $.026.
Percentage changes in a currency's value can be measured by calculating the difference between the current value of the currency and its previous value. The value of one Thai baht has increased by 18.18%.
Percentage changes in a currency's value can also be expressed as the ratio of the change in the value of the currency to its original value. To calculate this ratio, we divide the change in value by the original value and then multiply by 100.
For example, if the value of the Thai baht changes from $0.022 to $0.026, we can calculate the percentage change as follows:
Calculate the difference between the current value and the previous value, $0.026 - $0.022 = $0.004
Divide the difference by the previous value, $0.004 / $0.022 = 0.1818 (or 18.18%)
Multiply the result by 100 to express it as a percentage, 0.1818 * 100 = 18.18%
So, the Thai baht has appreciated by 18.18% against the US dollar. This means that the value of one Thai baht has increased by 18.18% compared to its previous value of $0.022.
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what is an example of an internal factor that should be considered when forecasting to determine the number of people to be recruited?
Cycle analysis and Succession analysis are the two most crucial methods for predicting the availability of human resources.
What is meant by "supply"?The term refers to a quantity nor stock of whatever is ready for use. The stock is already available. When a lady travels with her child, she could bring a lot of towels (UK: nappies). This indicates a sizable, usable number.
What is meant by economic supply?The total quantity of a specific good or service that also is provided to clients is referred to as supply, which is a fundamental economic concept. The quantity offered at a specific price and or quantity offered throughout a wide range of prices are both considered to be part of the supply when represented as a graph.
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capability and capacity analysis are two techniques that complement one another to help determine the portfolio structure as there may be limiting factors for the number of components an organization can execute. these limiting factors include:
These limiting factors include Resource Constraints, Time Constraints, Technology Constraints, Market Demands, Regulatory Constraints, Political Constraints, and Environmental Constraints.
The availability of human, financial, and technical resources may limit the number of components that an organization can undertake.
The amount of time available to complete a project or component may limit the number of components an organization can execute.
The availability of technology and the organization's ability to utilize technology may limit the number of components it can execute.
The demand for products and services may limit the number of components an organization can execute.
Regulations, such as health and safety laws, may limit the number of components an organization can execute.
Political considerations, such as elections, may limit the number of components an organization can execute.
Environmental considerations, such as climate change, may limit the number of components an organization can execute.
By considering these limiting factors, organizations can determine the number of components they can execute effectively and efficiently and then adjust their portfolio structure accordingly.
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which of the following is categorized as a nonroutine cognitive skill? group of answer choices systems thinking symbolic thinking data entry tax accounting marketing knowledge
The statement that is categorized as a nonroutine cognitive skill is: A. Systems thinking.
What is systems thinking?Systems thinking is a type of nonroutine cognitive skill that involves the ability to analyze and understand complex systems and their interrelationships. It requires the ability to think critically, creatively, and holistically about how different components of a system interact and affect each other.
The other options listed - symbolic thinking, data entry, tax accounting, and marketing knowledge - are not typically categorized as nonroutine cognitive skills. They may involve the use of specific knowledge and skills, but they are more routine and repetitive in nature and do not typically require as much critical or creative thinking.
Therefore the correct option is A.
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How can a business measure it’s success?
which one of the following would be an illegal variable name? question 4 options: a) june1997 b) itemsorderedforthemonth c) employee num d) dayofweek e) 3dgraph
The 3D graph would be an illegal variable name. The correct option is the option E.
The illegal variable name is referred to those use of combination and letter or alphabets which underscore and come first. The variable name can the start with the nay alphabet like the upper or lower case or the underscore. In the python, variable names can not be started with the number.
The variable name can only be contain the alpha-numeric characters and the underscore like from A to Z, 0 to 9, and _. The 3D graph would be an illegal variable name. The variable name can the start with the nay alphabet like the upper or lower case or the underscore
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