The correct option is E. All the options are justified which will expect the following actions of close or key opponents. In this situation on the way to do the equal the companies want to be powerful and display the movements of their rivals associated with what they're planning and executing.
A market is any area where two or more events can meet to interact in a financial transaction—even those that do not involve felony gentleness. A market transaction may additionally contain goods, offerings, information, currency, or any combination of these that bypass from one celebration to any other.
In fashionable, the function of a market is to acquire merchandise from scattered resources and channel them to scattered shops. From the factor of view of the seller, dealers channel the call for their product; from the factor of view of the client, they carry elements within his attain. A market is a place wherein shoppers and dealers can meet to facilitate the change or transaction of goods and offerings. Other examples include illegal markets, auction markets, and monetary markets.
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According to the inventionist theory, adolescence was not considered a distinct transitional period until:A. the publication of Seventeen magazine.B. the creation of child labor laws.C. the industrial revolution.D. It has always been recognized as a distinct part of development
According to the inventionist theory, adolescence was not considered a distinct transitional period until the C) industrial revolution.
The theory suggests that the concept of adolescence as a distinct period of development was created as a response to social, economic, and cultural changes brought about by the industrial revolution. Before the industrial revolution, children were expected to work and contribute to the family economy as soon as they were able.
However, with the rise of industrialization and the growth of the middle class, children were given more opportunities for education and leisure and were seen as having more potential for personal growth and development.
The concept of adolescence was created as a way to reflect this change and to provide a framework for understanding the new experiences and challenges that young people were facing.
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Which of the following refers to how the value of one country's currency changes in relation to the value of other currencies?
A country with a consistently lower inflation rate typically has a rising currency value demand as its purchasing power grows in other currencies. option (a) is correct.
Supply and demand play a critical part in how the economy's capabilities overall. It alludes to the inescapable conviction that rising the inventory of a specific ware will make it more straightforward for the worth of a couple to stay stable. In the interim, the interest or want that individuals have for it can assist with helping the pair's worth. Sooner or later, the bank might see that the worth of one cash is very good.
This makes individuals spend additional cash from solitary money. This, thus, raises the stockpile. The interest for the other money in a couple will be more noteworthy.
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This question is not complete , Here I am attaching the complete question:
Which of the following refers to how the value of one country's currency changes in relation to the value of other currencies?
(A) inflation rate
(B) interest rate
(C) currency
(D) inescapable
Why is Taking steps to protect your online reputation important?
susie has opted out of opening an escrow account with her mortgage lender, which means she has a lower monthly payment. she still needs to save up, though, to make sure she can pay for taxes and .
She still needs to save up, though, to make sure she can pay for taxes and insurance. Sales slips, paid bills, invoices, receipts, deposit slips, and cancelled cheques are examples of supporting documentation.
You can find the data you need to record in your books in these documents. These records should be preserved because they provide evidence for the entries made in your books and on your tax return. Salary professionals and employees must present investment proofs annually so that their company Sales can deduct the proper amount of TDS (Tax Deducted at Source). In India, employers are obligated to deduct TDS annually.
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OPEC was in the 1970's
a merchant of an e-commerce website wants to accept credit cards as a form of payment. which of the following must the merchant follow to ensure safety of those payments?
PCI DSS must the merchant follow to ensure the safety of those payments. So a merchant of an e-commerce website wants to accept credit cards as a form of payment.
E-commerce or digital commerce is the trading of goods and offerings on the internet. it's miles your bustling metropolis center or brick-and-mortar keep translated into zeroes and ones on the net superhighway.
E-commerce (digital commerce) is the hobby of electronically shopping for or selling merchandise on online offerings or over the internet. E-commerce draws on technologies consisting of cellular trade, electronic budget switch, delivery chain control, net advertising and marketing, online transaction processing, digital records interchange (EDI), inventory control systems, and automatic data collection systems. E-trade is in flip driven by the technological advances of the semiconductor industry and is the largest sector of the electronics industry.
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in order to train a logistic regression model, instead of minimizing rss, we find the weights that minimize the likelihood of the model. True or False
In logistic regression, some other method comes handy to work with imbalance distribution. This is to use class-weights in accordance with the classification distribution. Class-weights is the extent to which the algorithm is punished for any wrong prediction of that class.
Is logistic regression more often than not used for regression ?Logistic regression is one of the most popular Machine mastering algorithm that comes underneath Supervised Learning techniques. It can be used for Classification as well as for Regression problems, however primarily used for Classification problems.
The possibility characteristic is the probability that the located values of the based variable may be estimated from the located values of the independent variables. The probability varies from 0 to 1. The MLE is the cost that maximizes the chance of the determined data.
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https://brainly.com/question/28391630#SPJ4which of the following likely caused demand to decrease for crude oil during the last recession? A. the price of oil substitutes decreased. B. the population decreased.C. the price of oil complements increased.D. consumer incomes decrease.
The following options that likely caused demand to decrease for crude oil during the last recession is C. the price of oil complements increased. It is because if the product is more expensive relative to other goods and the income effect is the decrease in quantity demanded.
In the term of business and financial economic, the substitution effect generally can be defined as one component of the effect of a change in the price of a good. The substitution effect is upon the amount of that good demanded by a consumer, the other being the income effect. One of the examples of substitutions effect is that if the yogurt prices rise and consumers respond by purchasing more milk.
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While the tactics used to execute marketing plans constantly evolve - for example, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers and mobile smartphone marketing are new tools still evolving - the strategies that lead to successful marketing plans have remained surprisingly consistent over time
The above statement is true.Although the approaches used to implement marketing plans are continuously changing, the strategies that lead to effective marketing.
Marketing is the process of identifying, creating, and delivering value to meet a target market's needs in terms of products and serviceshis may involve selecting a target market, running advertising campaigns, taking part in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy. Marketing is the responsibility of the seller, who is frequently a retailer or manufacturer. On occasion, tasks are contracted.plans have stayed surprisingly similar throughout time (for instance, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers, and mobile smartphone marketing are new tools still evolving).
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which of the following has the greatest impact on how a person understands and acts in an organization?
The most significant influence on how someone perceives and behaves in an organization comes from how they employ expectations and beliefs to selectively filter sensory data.
Which behaviors are influenced by perception?How we see the people around us is influenced by our values, emotions, moods, and personalities, among other factors. Additionally, how we act will affect how the person we are engaging with behaves because it is influenced by how we see others. One of the things that skews our perspective is stereotyping.
What does selective perception have to do with organizational behavior?Selective perception occurs when a person only takes in the information they want to and ignores opposing viewpoints. It is an all-encompassing term to express how each person has a propensity to "see things" through the prism of their own particular frame of reference.
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When a worker is forced to resign because the employer is making it impossible to perform his/her job this is ____.
a. Retaliatory Discharge
b. Wrongful Discharge
c. Constructive Discharge
d. None of these
When a worker is forced to resign because the employer is making it impossible to perform his/her job this is Constructive Discharge. Option C.
In general, the term "constructive discharge" refers to situations in which it may be determined that a worker's retirement or resignation was not voluntary because the employer forced them to do so by fostering a hostile or intolerable work environment or by using other forms of pressure or coercion.
This frequently occurs when an employer modifies the terms and conditions of an employee's employment in a material and adverse manner. State laws, which differ from state to state, often specify what constitutes a constructive discharge.
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A procedure in which the underwriter (investment bank) enters into a written agreement with the issuer of the securities to purchase the securities and then to resell them to the public is called _____ underwriting. 1. dutch auction2. prospectus3. seasoned equity offering4. firm commitment5. best efforts
A procedure in which the underwriter (investment bank) enters into a written agreement with the issuer of the securities to purchase the securities and then to resell them to the public is called D: "firm commitment" underwriting.
Firm commitment underwriting is a method of issuing securities in which an investment bank acts as the underwriter. The underwriter makes a firm commitment to purchase the securities from the issuer and then resell them to the public. This type of underwriting provides a guaranteed source of funds for the issuer and eliminates the risk of a failed sale, as the underwriter is responsible for selling the securities to the public.
However, this method also means that the underwriter takes on the risk of not being able to sell the securities and may be left with unsold securities, leading to potential losses. This method is typically used for large, established companies that need to raise significant funds.
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When the federal government started requiring restaurants to print calorie counts next to menu items, some people increased their consumption of higher-calorie items. Which of the following best explains this phenomenon?
Multiple Choice
A. Consumers at restaurants are systematically irrational.
B. Consumers are more interested in maximizing calories per dollar than health per dollar.
C. Restaurants lowered the prices of healthier items, signaling to consumers that they are less appealing.
D. Restaurants cut portion sizes on all items to reduce calorie counts.
The best explanation for this phenomenon is that consumers are more interested in maximizing calories per dollar than health per dollar. The correct answer is B.
People tend to make choices based on the value they perceive they are getting for their money. In this case, consumers may view high-calorie items as providing a better value for their money, regardless of the health impact of those items.
Additionally, some people may not fully understand the health implications of high calorie consumption and instead prioritize taste and value. The requirement to print calorie counts may have drawn attention to these factors and influenced consumers to make choices that prioritize taste and value over health.
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Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.
provided demand and supply schedule that the market reaches equilibrium at a monthly rent of $2000, where the number of apartments sought (Qd) and supplied (Qs) is equal to 12500 units.
Qd = 15000 units at $1500 per month rent.
The government must raise Qs to an identical level with Qd if it wants the equilibrium rent to be $1500 per month. The existing Qs equal 10,000 units at a rate of $1500 per month.
Qs must therefore be raised by (15000–10,000) or 5000 units in order to bring about market equilibrium. At each pricing level, the government must raise the Qs by 5000 units. In this manner, the supply curve for rental flats would move to the right, and equilibrium would be reached at a rate of $1500 per month.
Qd = 17,500 units and Qs = 7,500 apartments at a rent of $1,000 per month.
At every price level, Qs must be raised by (17500 - 7500) units, or 10000 units, in order to reduce the equilibrium rent to $1000.
Qd = 20,000 units and Qs = 5000 units at a $500 per month rent.
In order to cause the supply curve to move to the right and the equilibrium rent to rise to $500 per month, Qs of rental apartments must be increased by (20000-5000)=15000 units at each price level.
complete question:
Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.
Monthly Rent $ Apartments Demanded Apartments Supplied
2500 10,000 15,000
2000 12,500 12,500
1500 15,000 10,000
1000 17,500 7,500
500 20,000 5,000
d. Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply of housing. Assuming that demand remains unchanged, by how many units of housing would the government have to increase the supply of housing in order to get the market equilibrium rental price to fall to $1500 per month? To $1000 per month? To $500 per month?
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the 10k report includes . multiple select question. letter from the employees financial statements notes to the financial statements management discussion and analysis (md
The 10 k report includes: Management letter, Financial statements, Management discussion and Financial statement notes.
Hence, option (e) is correct choice.
Yes, a 10-K report is a thorough annual report mandated by the Securities and Exchange Commission (SEC) in the United States that offers a complete review of a company's financial performance, including financial statements and management discussion and analysis.
The following sections are frequently included in the 10-K report:
Management letter: This part gives a summary of the company's business activities, major accomplishments, and future objectives.
Financial statements: This section contains the balance sheet, income statement, and cash flow statement, as well as comments that give extra information about the company's financial situation and performance.
Management discussion and analysis (MD&A): This part includes a thorough examination of the company's financial performance, including a discussion of its operating results, liquidity, and capital resources.
Financial statement notes: This part contains thorough explanations and disclosures about the financial statements.
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The complete question may be:
The 10 k report includes:
(a) Management letter
(b) Financial statements
(c) Management discussion
(d) Financial statement notes
(e) All of the above
Corporations can be separated into two types :(a)Privately held (or closely held) corporation= does not offer its stock for public sale and usually has few stockholders.(b)Publicly held corporation= offers its stock for public sale and can have thousands id stockholders.True/False?
A private held corporation does not offer its stock for public sale and has fewer stakeholders than public corporation who offers its stock for public sale and may have thousands of shareholders is TRUE.
Private corporation has limited shareholders and is owned by its founders, management, or a group of private investors. Private corporation must rely on its own private funding since it cannot expect any external funding from public market.
Private corporation still can sell its limited shares without registering under the SEC and uses its share as the investor's attractions. However, private corporation does not have to prepare any disclosure statements to the SEC. Private corporation was chosen mostly to minimize tax bite.
Public corporation sell most of its shares to the public market with aims to raise its capital. While selling its shares on public market, public corporation will keep its ownership by keeping the biggest share proportion for its owner.
Public corporation also releases some bonds as a form of a public loan. Public corporation then has to pay the bonds and its interest. Bonds allow the public corporation to gain another funding income without risking its shares and ownerships.
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you are looking for a glossary of terms related to your management problem. you will use which of the following? multiple choice i
a. index b. bibliography c. dictionary d. encyclopedia e. handbook
You will use the handbook. because a handbook is a collection of information compiled in the form of a book that provides knowledge about a specific subject. option (E) is correct.
Though a catalog is a book that comprises the implications of words in sequential request. A reference book is a book or a bunch of books that comprise data about a few themes, for the most part in a sequential way. furthermore, Record is a portrayal of the relative multitude of subjects examined in a book.
A catalog is a bunch of assortments that comprises the names of books, articles, and data about a specific subject.
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What is the value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, making semi-annual payments, if the appropriate discount rate is 8% per year?
The appropriate discount rate is 8% per year, the value of the bond would be lower than its par value of $1,000.
The value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, and making semi-annual payments, can be calculated using the present value formula. The present value of a bond is the sum of the present values of all future cash flows from the bond, discounted at the appropriate discount rate.
In this case, the semi-annual coupon payment is $30, which is 6% of the par value ($1,000 x 6% = $60, divided by 2 = $30). The present value of each coupon payment can be calculated as follows: $30 / (1 + 0.08/2)^(2n), where n is the number of semi-annual periods.
The present value of the final coupon payment in the 9th year can be calculated as $30 / (1 + 0.08/2)^(18), and the present value of the face value can be calculated as $1,000 / (1 + 0.08/2)^(18).
The sum of the present values of all coupon payments and the face value is the value of the bond.
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under accrual basis accounting, if the balances in both accounts receivable and accounts payable increase during the year
This would indicate that the company has sold more goods and services than it has purchased.
The increase in Accounts Receivable is due to the increase in sales, and the increase in Accounts Payable shows that the company has incurred more expenses than it has been paid for. This could indicate that the company is growing and doing well.The transaction is recorded using the accrual accounting technique as a cost on the income statement and a liability for accounts payable on the balance sheet. When the expense is paid, the asset utilised to cover the obligation and the account payable liability account both go down. The most frequent ones include accounts receivable, accounts payable, future tax liabilities, future interest expenses, and goodwill. Although all accruals fall under the category of accounts payable, not all accruals fall under this category. An example of a specific accrual type is accounts payable.
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The 1991 dissolution of the Soviet Union and the 2020 COVID-19 outbreak are both examples of which of the following types of events?
Options: 1. Black Swan. 2. Base of Pyramid. 3. Just-in-time. 4. Just-in-case
The dissolution of the Soviet Union in 1991 and the outbreak of Covid-19 in 2020 are both examples of Black Swan-type events. Here option 1 is the correct answer.
The most noteworthy instance of a black swan event prior to the COVID-19 outbreak was the Global Financial Crisis of 2008, which was brought on by the abrupt, catastrophic collapse of what had previously been a flourishing property market.
The development of the internet and the personal computer, the September 11 attacks, and World War I are examples of classic black swan occurrences. However, many other occurrences, like plagues, floods, and droughts, are either unlikely or unforeseen.
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Deflation refers to a period of falling average prices across an economy, which is a sign of economic trouble that goes hand-in-hand with very high unemployment. true or false
Deflation is defined as a period of starting to fall average cost throughout a financial system, that is indicator of economic difficulties and often occurs in conjunction with extremely high joblessness. This assertion is correct.
One disadvantage of communist rule, which again was embraced from some regions of the world in the 1900s, was indeed the incapability of individuals to reach basic decisions including where to collaborate or what they should buy.
Natural monopolies are free movement of goods in which one company supplies a commodity since this nature of such a good or service makes a single seller more effective than numerous different competing alternatives.
If the Fed lowers the margin requirements, a greater number of grants available.
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An economy produces three goods: cars, computers, and oranges. Quantities and prices per unit for years 2009 and 2010 are as follows:
2009 2009 2010 2010
Quantity Price Quantity Price
Cars 10 $2000 12 $3000
Computers 4 $1000 6 $500
Oranges 1000 $1 1000 $1
a. What is the nominal GDP in 2009 and in 2010? By what percentage does nominal GDP change from 2009 to 2010?
The nominal GDP increased by 60% from 2009 to 2010. The nominal GDP in 2009 can be calculated by multiplying the quantity of each good produced by its respective price and adding the results for each good.
For cars, the value in 2009 would be
10 * $2000 = $20,000
For computers, the value would be
4 * $1000 = $4,000
For oranges, the value would be
1000 * $1 = $1,000
Adding up the values for each good, the nominal GDP in 2009 would be $20,000 + $4,000 + $1,000 = $25,000.
The nominal GDP in 2010 can be calculated in the same manner.
For cars, the value in 2010 would be
12 * $3000 = $36,000
For computers, the value would be
6 * $500 = $3,000
The value of oranges would remain the same, at $1,000.
Adding up the values for each good, the nominal GDP in 2010 would be $36,000 + $3,000 + $1,000 = $40,000.
The percentage change in nominal GDP from 2009 to 2010 can be calculated by taking the difference between the two values and dividing by the value in 2009, multiplied by 100.
The change would be
($40,000 - $25,000) / $25,000 * 100 = 60%
So, nominal GDP increased by 60% from 2009 to 2010.
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An effective operations management effort must have a ___ so it knows where it's going and a ____ so it knows how to get there
Effective operations management requires a mission to know where you are going and a strategy to know how to get there.
The operations management team seeks to balance costs and revenues in order to achieve the highest possible net operating profit.
Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
Corporate operations management professionals seek to balance costs and revenues in order to maximize net operating income.
Operations management includes the use of resources from people, materials, equipment, and technology. Operations managers acquire, develop, and deliver products to customers based on customer needs and company capabilities.
Operations management deals with a variety of strategic issues, such as determining the size of production facilities, determining project management methods, and building information technology networks.
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Match each investment classification with the proper accounting method. Accounting methods may be used more than once.1. Short-term held-to-maturity (HTM) debt securities : ___2. Long-term held-to-maturity (HTM) debt securities : ___3. Long-term held-to-maturity (HTM) debt securities : ___4. Trading debt securities : ___5. Equity securities with insignificant influence (both short-term and long-term) : ___6. Equity securities with significant influence : ___7. Equity securities with controlling influence : ___Answer ChooseConsolidation methodCost (without any discount or premium amortization)Fair (market)value (with adjustment to equity)Cost (with discount or premium amortization)Cost (with discount or premium amortization)value (with adjustment to income)
1) Short-term held-to-maturity (HTM) debt securities : reasonable market value with adjustment to income.
2) Long-term held-to-maturity (HTM) debt securities: Cost with a discount or premium amortization.
3) Long-term held-to-maturity (HTM) debt securities that are available for sale: reasonable market value with adjustment to equity.
4) Fair market value of debt securities traded with adjustment to income.
5) Equity securities with little influence (both short and long term): Cost without any discount or premium amortization
6) Significantly influential equity securities: Equity method
7) Controlling interest in equity securities: Consolidation method
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which of the following statements describe a situation in which marketer-induced problem recognition was used? A.Shopaholic, a clothing and accessories brand, sends newsletters to all its customers at the end ofeach summer, stating that their existing wardrobe might be out of style. B.Ken purchases a cable to connect the DVD player to his TV after purchasing the DVD player. C.Casey purchased Hair Care shampoo but switched to Rejuvenate shampoo when he found that theshampoo contained extensive chemicals. D.Upgraded, an electronics store, recently sold goods at discounted prices to people who registeredthemselves on the company's website.E.Patrick hurt his toe while jogging and realized that his sports shoes were torn. He went to the storeto purchase a new pair of shoes.
The relevant internal psychological system that is related with hassle focus is motivation. A motive is a component that compels action. Belch and Belch (2007) supply an explanation of motivation based totally on Maslow's hierarchy of wants and Freud's psychoanalytic theory.
What is the subsequent step in client decision-making after trouble recognition?The 5 steps are hassle recognition, data search, choices evaluation, purchase selection and post-purchase evaluation.
For instance a patron can also see a friend's new vehicle (perceptual stimulus) and compare it to his own extraordinary ancient model (evoked referent) if the new automobile is perceived to be extensively better than is historical one, the problem awareness would be predicted to occur.
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https://brainly.com/question/30320991#SPJ4Selection is the process of gathering information & deciding who should be hired to meet company staffing needs, under ______ guidelines.
Selection is the process of gathering information and deciding who should be hired to meet company staffing needs, under Equal Employment Opportunity (EEO) guidelines.
Selection is the process of gathering information and evaluating candidates to determine who should be hired to fill an open position within a company. The selection process must adhere to Equal Employment Opportunity (EEO) guidelines, which prohibit discrimination on the basis of race, color, religion, sex, national origin, age, or disability.
The selection process typically involves several steps, including reviewing resumes, conducting interviews, and evaluating references, to ensure that the best candidate is chosen to meet the company's staffing needs.
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Under U.S. law, it is illegal for a U.S. firm operating in a foreign country to pay bribes to get what it needs. Natives of some of those same countries consider the payment of bribes to be perfectly acceoptable. Which of the following influences may account for this difference? O Value systems O Family influences O Peer influences O Cultural differences O All of the choices are correct.
Value systems, family influences, peer influences, and cultural differences all influence how people view the payment of bribes. All of the choices are correct.
In some countries, the payment of bribes may be seen as a way to get things done more quickly or to get around legal regulations. In the United States, however, the payment of bribes is illegal and seen as a form of corruption.
Family influences can shape an individual's view of bribery, as a person may be taught that bribes are wrong and should be avoided. Peer influences can also shape an individual's view of bribery, as someone may be more likely to accept bribery if their peers are doing it. Finally, cultural differences can affect an individual's view of bribery, as different cultures have different norms and expectations about the payment of bribes.Learn more about payment of bribes at: https://brainly.com/question/16107890
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Does underemployment only refer to part time work or could is also pertain to full time work? Explain.
If a worker only works part-time rather than full-time, they may be deemed underemployed. It can also happen when a worker holds a lower-level job despite being competent for a more senior position in their industry.
What is meant by underemployment?People who are capable and wanting to work but are unable to find job are said to be unemployed.
Contrarily, underemployment refers to a scenario in which an individual is performing far below his capacity.
A part-time employee who is underemployed is someone in the age range of 15 to 74 who has the desire and ability to work more hours. Individuals disclose their own self-reported part-time employment.
Therefore, if a worker only works part-time rather than full-time, they may be deemed underemployed. It can also happen when a worker holds a lower-level job despite being competent for a more senior position in their industry.
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building customer awareness of the newcomer's product is very costly in the face of which of the following sources of barriers to entry?a) economies or scaleb) technological barriersc) administrative barriersd)government regulationse) brand loyalty
Correct alternative is brand loyalty.
Barriers to entry is an economics and enterprise time period describing factors that can forestall or hinder newbies into a market or enterprise sector, and so limit competition.
These can consist of excessive start-up costs, regulatory hurdles, or other boundaries that stop new competitors from without problems coming into a commercial enterprise sector.
What is a barrier to entry provide some examples?Barriers to entry are barriers that make it difficult to enter a given market. These hindrances may additionally consist of authorities law and patents, technological know-how challenges, start-up costs, or training and licensing requirements.
What is barrier and its types?Although the boundaries to high quality verbal exchange may also be special for distinctive situations, the following are some of the major barriers: Linguistic Barriers. Psychological Barriers. Emotional Barriers. Physical Barriers.
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https://brainly.com/question/2975624#SPJ4Assume a coundry prodrice apple and mango with inputs of labor.
The country has 1,000 hours of
Labor available. An apple requires
0.5 hour of labor. While a mango
requires 5 hours of labor.
Construct the country production-
possibility frontier. Use this
PPF to explain the concept
of production efficiency.
The Production Possibility Frontier (PPF) for the given situation can be represented as follows:
Apples (units) | 0 | 200 | 400 | 600 | 800 | 1000
Mangoes (units) | 1000 | 800 | 600 | 400 | 200 | 0
What is Production Possibility Frontier ?Generally, The PPF illustrates the maximum amount of apples and mangoes that can be produced when the given amount of labor (1000 hours) is used efficiently. It also implies that any combination of apples and mangoes that lie outside of the PPF (e.g. 1200 apples and 500 mangoes) is not achievable given the limited amount of labor.
The concept of production efficiency is illustrated by the PPF. To achieve production efficiency, the country should produce goods at the maximum level possible given the resources available. That is, the country should produce the combination of goods that lies on the PPF. This would be the most efficient use of the country's available labor and would result in the maximum level of production.
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