The given statement "auditors regularly conduct background checks on important members of management as part of their assessment of the risk involved with financial reporting" is TRUE.
What are auditors?The auditor has a duty to prepare and carry out the audit in order to get a reasonable assurance regarding the absence of a major misstatement, whether brought on by fraud or error.
Key members of management frequently have their backgrounds checked by auditors as part of their evaluation of the risk associated with financial reporting.
Auditors regularly do background checks on these people to uncover any issues that may need to be evaluated and addressed.
Senior management and the board of directors set the tone at the top of a firm and have the potential to perpetrate fraudulent financial reporting.
Therefore, the given statement "auditors regularly conduct background checks on important members of management as part of their assessment of the risk involved with financial reporting" is TRUE.
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the supply curve is the upward-sloping line that shows the relationship between price and quantity supplied. the supply curve is the upward-sloping line that shows the relationship between price and quantity supplied. true false
It is true that the upward-sloping line that depicts the link between price and quantity delivered is known as the supply curve.
The upward-sloping line that depicts the link between price and quantity delivered is known as the supply curve. The supply curve slopes higher because a corporation would typically be more inclined to produce a good as its price increases.
The cost of production also tends to climb as output increases because businesses are efficient and would use up the cheapest production inputs first. The relationship between a good's price and the amount that producers are willing and able to supply is shown by the supply curve.
This direct correlation is seen by the upward-sloping line, which shows that quantity provided increases as price rises and reduces as price falls.
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The demand schedule for chicken feet, a dim sum delicacy served at some Chinese restaurants, is shown in the table. Although some people find the texture strange, others have developed a taste for it. Price of chicken Quantity of chicken feet demanded Quantity of chicken feet demanded feet (per pound) $3.00 $2.50 $1.25 $1.00 $0.50 (millions of pounds) in 2008 3.0 3.2 3.6 (millions of pounds) in 2018 9.2 9.9 10.3 12.2 15.0 5.7 How many more chicken feet were demanded in 2018, at a price of $2.50 a pound, than in 2008? Based on the demand schedule, you concl ude 9.2 million pounds the demand curve shifted to the right. 0 the demand curve shifted to the left. O there was movement along the demand curve to the left O there was movement along the demand curve to the right.
6.7 million lbs the demand curve shifted to the right. Based on the demand schedule.
The demand schedule for chicken feet served at chinese restaurants ,at the price of millions of pounds given in the question. 6.7 millions of pounds were demanded in 2018.Based on the schedule.
A demand schedule is a table that shows the quantity demanded of a good or service at different price levels. A demand schedule can be graphed as a continuous demand curve on a chart where the Y-axis represents price and the X-axis represents quantity.An example of this in everyday life could be frozen pizzas. If the price of a frozen pizza drops just 25%, you might buy three times as much as you normally would on your next grocery trip.
There are two types of Demand Schedules: Individual Demand Schedule. Market Demand Schedule.
Demand schedule is important because economists and marketers use the market demand schedule to help set prices, determine how much of a given product to put on the market and make other decisions about supply and sales.
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unrealized holding gains or losses which are recognized in income are from debt securities classified as? a.held-to-maturity. b.available-for-sale. c.trading. d.none of these
Unrealized holding gains and losses from debt securities classed as trading are reported in income.(Choice c)
Describe trading.Simply put, trading is the act of purchasing and disposing of financial assets (such as shares, foreign exchange, and indices) with the intention of profiting from variations in their price changes.The Indian Stock Exchange is an excellent place to begin investing your money, particularly for novices. There are numerous benefits for investors on the Indian stock market. In the field of finance, a trade is a predetermined plan created to profit from market longs or shorts. A thoroughly researched trading strategy is beneficial primarily because it is verifiable, quantifiable, consistent, and objective.
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When a trial balance balances, it is an indication that?
Answer: the total footing for debit and credits are equal.
Explanation:
when resources are equally suited to the production of either of the two goods on a basic production possibilities curve, one would expect the curve to when resources are equally suited to the production of either of the two goods on a basic production possibilities curve, one would expect the curve to bow inward toward the origin and demonstrate decreasing opportunity costs. bow outward from the origin and demonstrate increasing opportunity costs. have a positive slope and demonstrate no opportunity costs. be linear and demonstrate constant opportunity costs.
When resources on a basic production possibilities curve are equally suited to the manufacture of either of the two items, the curve is linear and exhibits constant opportunity costs.
The Production Possibilities Curve is defined as a model that illustrates the tradeoffs involved in distributing capital between the manufacturing of two items. Scarcity, inefficiency, efficiency, economic growth, opportunity cost and contractions may all be shown using the PPC.
The production possibility curve is significant because it may show the greatest number of items that can be produced given a particular set of resources. On a macroeconomic level, this can support economists analyze and predicted the economic activity of a country or even other unit.
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When the perceived financial risk rises in an economy, the: A. lenders become less risk averse.
B. TED spread rises. C. TED spread falls.
D. risk premiums fall.
When perceived financial risk increases in the economy, lenders become more risk averse. This means they are less likely to lend money to borrowers because they fear they won't get their money back.
This decline in borrowing causes the TED spread, which is the difference between the three-month U.S. Treasury bill yield and the three-month LIBOR rate, to widen. This is because the three-month LIBOR rate is considered riskier than the three-month US Treasury bill yield, as the former is based on the creditworthiness of banks, which is more volatile than the US Treasury bill yield. As a result, risk premiums, or the rate of return that lenders demand to compensate for the risk they are taking, also rise.
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A form on which a brief message is written describing a transaction.
A form on which a brief message is written describing a transaction is called a memorandum.
What is a form for transaction recording?Journal, A method for chronologically documenting transactions is known as a journal. Journalizing is the process of logging transactions in a journal.Journal. a document for chronologically tracking transactions. Journalizing. journaling transactions that have occurred. Entry.An entry is the name given to the data for each transaction that is recorded in a journal. Double-entry accounting is the process of recording a transaction's credit and debit components. A source document is a piece of business writing used to gather data for a journal entry.In a journal, you keep track of every business transaction that appears on your supporting papers. For transactions that take place regularly, you might need to keep different diaries.To learn more about memorandum refer to:
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TRUE or FALSE. market entry is the same as building a sustainable business.
The given statement is false as A planned technique of distributing and delivering goods or services to a new target market is known as a "market entry strategy."
It refers to the formation, establishment, and administration of contracts in another nation when discussing the import and export of services. Without ever entering new markets, many businesses can thrive in narrow sectors. On the other hand, for some companies, expanding into a new market is the only way to improve sales, brand recognition, and financial stability. A detailed examination of potential competitors and potential clients is necessary when developing a market entry plan. When determining the viability of entry into a specific market, relevant elements such trade obstacles, localised expertise, price localization, competition, and export subsidies must be taken into account.
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Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:.
assume you have some hogs on feed and would like to have them gain another 130 pounds before they are sold. you are currently feeding a combination of corn and soybean oil meal. you are currently feeding 290 pounds of corn and 65 pounds of soybean oil meal. you are considering decreasing corn fed to 275 pounds and increasing soybean oil meal fed to 70 pounds. corn currently costs $0.07 per pound and soybean oil meal costs $0.28 per pound. what is the input substitution ratio?
The input substitution ratio refers to the relationship between the quantity of two inputs (in this case, corn and soybean oil meal) that must be changed in order to achieve a certain level of output. In this case, the desired output is an increase in hog weight gain of 130 pounds.
To calculate the input substitution ratio, we first need to determine the amount of corn and soybean oil meal that is currently being fed to the hogs and the cost of each feed. We are currently feeding 290 pounds of corn and 65 pounds of soybean oil meal, with corn costing $0.07 per pound and soybean oil meal costing $0.28 per pound.
Next, we will change the amount of corn fed to 275 pounds and increase the amount of soybean oil meal fed to 70 pounds. The total cost of the feed will now be:
275 pounds of corn at $0.07 per pound = $19.25
70 pounds of soybean oil meal at $0.28 per pound = $19.60
The total cost of the feed has increased from $21.33 to $38.85, so the cost of the feed per pound of hog gain must be determined to see if the cost of the increased soybean meal is offset by the increased weight gain of the hogs.
To calculate the input substitution ratio, we divide the change in the amount of soybean oil meal fed by the change in the amount of corn fed:
(70 - 65) / (275 - 290) = 0.08
This means that for every 1 pound decrease in corn fed, there must be a 0.08 increase in soybean oil meal fed in order to maintain the same level of hog weight gain. This is the input substitution ratio.
It is important to note that the input substitution ratio is specific to this particular scenario and may change with different input and output levels or changes in feed prices. The calculation of the input substitution ratio provides a useful tool for farmers to determine the most cost-effective combination of inputs for their operation and to make informed decisions about input use in response to changes in input prices.
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he manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 464 dollars per month. a market survey suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. similarly, one additional unit will be occupied for each 8 dollar decrease in rent. what rent should the manager charge to maximize revenue?
The revenue can be calculated as the number of occupied units multiplied by the rent Revenue = Rent x Occupied Units
How much rent should the manager charge to make the most money?To maximize revenue, the manager needs to find the rent price that will result in the highest number of occupied units. .According to the market survey, one more unit will be empty for every $8 increase in rent and one more unit will be occupied for every $8 decrease in rent.The manager can use this information to calculate the relationship between rent and occupancy:Let x be the number of units occupied at a rent of $464.If the rent is increased by $8, the number of occupied units will decrease by 1 to x - 1.If the rent is decreased by $8, the number of occupied units will increase by 1 to x + 1.To find the rent that maximizes revenue, the manager needs to find the rent that results in the highest number of occupied units. The revenue can be calculated as the number of occupied units multiplied by the rent:Revenue = Rent x Occupied UnitsThe manager can use this formula to calculate the revenue for different rent prices and determine the rent price that results in the highest revenue.In summary, the manager can maximize revenue by finding the rent price that results in the highest number of occupied units. This can be done by using the relationship between rent and occupancy provided by the market survey and calculating the revenue for different rent prices.To learn more about revenue refer:
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dridge company sold inventory for cash. the selling price was more than the original cost of the inventory. what is the effect of this transaction on the accounting equation?
Every Business transaction which is to be considered for accounting i.e. each Accounting transaction, has its effect on the critical accounting equation. Each transaction alters the expressions forming the equation in such a way that the accounting equation is cozy after every such alteration.
What is the impact of transaction in the accounting equation if the enterprise purchase substances on account?Explanation: The buy of resources will increase assets by means of increasing the substances accounts. It also increases liabilities on account that the purchase was once made on account. The liability account improved is known as bills payable.
To recap the above, the month-to-month hire fee continues the sole proprietor's accounting equation, Assets = Liabilities + Owner's Equity, in stability due to the fact it reduces the company's property and it reduces the company's owner's equity.
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https://brainly.com/question/1016861#SPJ4when a company performs services for a customer, and the customer agrees to pay for the services at a later date, the transaction is recorded in which account? multiple choice question. accounts receivable prepaid services deferred revenue accounts payable
Accounts receivable is where a transaction is documented when a company provides services to a client and the client commits to pay for the services at a later time.
What Are Accounts Receivable (AR)?
The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset. Any sum of money that clients owe for purchases they made using credit is known as AR. Similar to accounts receivable, accounts payable refers to money that is owed as opposed to money that is to be received. The ratio of accounts receivable to sales outstanding or days sales outstanding can be used to determine how strong an organization's AR is. To determine when the AR will actually be received, a turnover ratio study might be performed.
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which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
Consumer relation responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements.
Consumer relations are the actions that people and organisations take to uphold and safeguard consumers' rights, which is a matter of social responsibility. Consumers and their advocates petition government agencies, issue public service ads, submit letters to firms, boycott businesses they believe are engaging in irresponsible behaviour, and more to further their goals.
Consumer relations refer to the interactions that a company has with its clients in order to forge enduring bonds, gather feedback, spread positive word of mouth, foster brand loyalty, enhance brand perception, etc. The consumer relationship is the bond that forms between a company and its client once the latter has made a purchase of a good or service from the former.
The consumer is king right now. Every company applies customer-centric strategies to all of its initiatives. Even while businesses aim for a sizable bottom line, they are conscious of the significance of the customer to their success.
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Complete Question:
Which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
(A) Relations with owners
(B) Relations with competitors
(C) Supplier relations
(D) Consumer relations
(E) Employee relations
you have just gained formal approval to initiate a project designed to create a new prototype of an environmentally friendly public transportation system. you need to ensure the stakeholders have a common understanding about the key project deliverables and their roles and responsibilities. which of the following is the best source of this information? answers a. the project charter b. the requirements documentation c. the communications management plan d. the project management plan
Option a: The project carter. the best source of this information is the project carter.
The purpose of the project initiation process is to initiate the project. Important questions about the need and feasibility of the project are asked and decisions are made on how to proceed.
The project initiation phase is the phase in which project goals and timelines are defined. This process is based on PMBOK framework. This is a widely used best practice in project management.
Key project stakeholders, such as project teams and project sponsors, are identified and brought together.
Project leaders refer to business cases and project proposals to understand project needs. Information required to evaluate project time and cost estimates is also collected.
The process initiation process includes activities aimed at defining a project. The process concludes by creating a project sponsor outlining the project's objectives and requirements.
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elliot borrows $900 to buy an appliance. he takes 36 months to pay off the loan and interest. he pays $135 in interest, what is the interest rate?
The interest rate. The interest rate on the loan amount, which represents the fee that the borrower pays the lender to borrow money for a specified period of time. The interest rate is therefore 5%.
What is the interest rate?
The interest rate. The percentage of the loan amount that represents the fee that the borrower pays the lender to borrow money over a specified period of time. The average interest rate for a 30-year fixed-rate mortgage currently stands at 6.45% on Tuesday, January 31, 2023, down 2 basis points from the previous week. The 30-year average refinancing rate is now 6.46%, down 6 basis points from the same period last week. This rate is designed for homeowners looking for refinance.
Notice that 900 = 9x100.
So you can divide 900 by 9 to get 100.
This means you can also divide 45 by 9 (it's proportional)
You have 45 times 900, divide by 9 and you get 5 times 100 -> 5%
Here is the cross multiplication:
(45x100)/900 = 5%
The interest rate is therefore 5%.
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Jane spends $210 per month on wine and beer. Her utility function is given by TU=100WB, where W represents the number of bottles of wine that she buys and B represents the number of cases of beer that she buys. If wine costs $10 per bottle and beer costs $15 per case, she will maximize utility by buying? A. 10.5 bottles of wine and 7 cases of beer.
B. 2 bottles of wine and 3 cases of beer.
C. equal amounts of wine and beer.
D. 10 bottles of wine and 13.33 cases of beer.
E. none of the above
She will purchase 10.5 bottles of wines and 7 cases of beer if beer prices $15 per case and wine prices $10 per bottle. (Choice A)
What is the solution?Given that the tastes are of the Cobb-Douglas sort, we may be certain that constant expenditure shares will be a characteristic of the ideal consumption bundle. In particular, we know that now the buyer will spend the majority of the revenue on each commodity because the exponents of a two assets are the same. Jane will spending $105 on each item and buy 105 / 10 = 10.5 wine bottles and 105 / 15 = 7 beer cases with her total of $210.
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your boss tells you to investigate how to improve communication between your company’s los angeles and san francisco offices. she asks you to write a report about your findings.
The investigation on the communication between the Los Angeles and San Francisco offices highlighted the importance of effective communication for the success of the company. By implementing the recommendations outlined in this report, the company can improve the flow of information and increase collaboration between the two offices.
The investigation on the communication between the Los Angeles and San Francisco offices began by gathering data through surveys and focus group discussions with employees from both offices. This data provided valuable insights into the current state of communication between the two offices and helped to identify areas of improvement.
One of the key findings from the investigation was that there was a lack of regular communication between the two offices. This was due to the distance between the offices and the different time zones, which made it difficult to schedule regular meetings or calls. The employees also reported that emails and messages were often not promptly responded to, causing delays in getting work done.
To improve communication, the investigation suggested a number of solutions. Firstly, it was recommended that regular video conference calls be scheduled between the two offices to ensure that there is face-to-face interaction between employees. This would help to build stronger working relationships and increase collaboration.
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the philosophy of marketing encompasses which overriding principle?
The philosophy of marketing encompasses several overriding principles, but the most fundamental one is the customer-centric approach. This approach puts the customer at the center of the marketing process and focuses on meeting their needs and desires.
Marketing has evolved over time and has been shaped by various schools of thought, such as the production-oriented approach, the sales-oriented approach, and the relationship-oriented approach.
The customer-centric approach emphasizes the need for businesses to engage in market research to understand their customers, to use customer feedback to improve products and services, and to create strong relationships with customers through excellent customer service and after-sales support.
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cascading communication is the flow of information from manager to their employees. T/F
Cascading communication is the flow of information from manager to their employees.True
Cascading communication refers to the flow of information from a manager or senior executive to their subordinates, typically employees. This process involves passing down important information, instructions, and updates from the top level of an organization to the lower levels. The goal of cascading communication is to ensure that all employees are aware of the organization's goals, strategies, and priorities, and to promote alignment and cooperation among different departments and teams. This type of communication helps to create a sense of shared purpose and direction, and enables employees to understand how their work fits into the bigger picture. By promoting effective communication, cascading communication can improve organizational performance and foster a culture of transparency and collaboration.
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10. Your country takes in $350 million each year in tax money but chooses
spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
expansionary stance
contractionary stance
economic stance
neutral stance
The country takes expansionary stance on fiscal policy. Option A.
My country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides.
This suggests that my country has an expansionary fiscal policy. Expansionary policies involve governments increasing their spending and decreasing taxes to stimulate economic growth.
This type of policy encourages investment and consumption, which leads to an increase in economic output and employment.
The increased spending can also help to reduce inequality, as it can help those on lower incomes. Expansionary fiscal policy is beneficial in times of economic difficulty, as it can help to provide a much-needed boost to the economy.
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statements represent a company's primary means of communicating information to external users
Statements serve as a company's main channel for informing users outside the organization.
A group of people who cooperate, such as in a union, corporation, charity, or neighbourhood association, constitutes an organization. The word "organization" can apply to a person, a group, a company, or the process of creating something. Look at these examples to demonstrate what an organization is: Tata Motors, Goldman Sachs, Amazon, the Australian government, the International Monetary Fund, Amnesty International, FIFA, and so on. As a result, "organization" continues to be the proper form wherever English is spoken in the United Kingdom as well as all of its former colonies and dependencies, whereas "organization," with a Z," is only correct in the United States.
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When production technology improves supply increases?
The supply curve moves to the right whenever a new production method lowers production costs. The cost of production per unit drops as technology advances, increasing producer profit margins. The curve moves to the right as a result of the rising supply.
Technology: What is it?
Technology is the application of knowledge to the attainable accomplishment of repeatable goals. The term "technology" may also be used to describe the products of such efforts, which may include both tangible objects like machinery or kitchenware and intangible ones like software.
Technology plays a significant role in science, engineering, and daily life. Technological advances have influenced significant societal changes. In fact, the stone tool is the oldest technology that has ever been discovered.
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What effect did reducing U.S. inflation from 13.5% in 1980 to 3% in 1983 have? A) Wealth was shifted from lenders to borrowers.
B) The unemployment rate fell to 4%.
C) The country experienced a recession.
D) Per capita income increased by 18 % in 3 years.
what role can (should) supply play in determining a firm’s strategy in the area of social and environmental issues and trends?
In today's business world, a company's approach to social and environmental issues and trends can play a significant role in its overall strategy. In this context, supply plays a crucial role in determining a firm's approach to these issues.
Supply refers to the inputs, resources, and materials that a company uses to produce its products or services. By carefully managing its supply chain, a company can ensure that it is sourcing materials in an ethical and sustainable manner, and that it is taking steps to minimize the environmental impact of its operations.
For example, a company may choose to source materials from suppliers who have a strong commitment to sustainability and environmental protection, or it may choose to adopt more environmentally friendly production processes, such as reducing waste and emissions.
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a linked system of processes that gather resources, convert them into goods, package them for distribution, disperse them, and sell them on the market.
Commodity chains are a network of interconnected procedures that gather resources, convert them into products, distribute those products, package them for distribution, and sell them on the open market.
A commodity chain is a method that businesses use to obtain resources, change them into products or commodities, and then distribute those products to customers. It is a network of connections that join the many production and distribution hubs to create a good that is subsequently traded on the global market. It is, in a nutshell, the coordinated route taken by a good as it moves from producers to consumers. Depending on the kinds of marketplaces or the kinds of products, commodity chains can vary widely. A commodity chain's various stages may involve other economic sectors as well as the same company.
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which is true about best practice frameworks and standards?
Best practice frameworks and standards provide guidance and structure for effective processes and operations.
Best practice frameworks and standards are established guidelines that provide a roadmap for organizations to follow in order to achieve desired outcomes.
These frameworks and standards are based on proven methodologies and successful experiences, and provide a common language and understanding for organizations. They help organizations to develop and maintain efficient and effective processes and operations, and ensure that tasks are completed consistently and to a high standard.
Adherence to these frameworks and standards can lead to improved quality, increased productivity, and better overall outcomes for organizations. They also provide a benchmark for organizations to assess their performance against and to identify areas for improvement.
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suppose x and y are substitutes. if the price of y increases, how will this change the market equilibrium for x?
Answer:
Explanation:
The equilibrium price and quantity are expected to rise if there is an enhancement in the price of a substitute (Y) of Good X. moderates in the price of one substitute good tends to change the demand for another substitute good.
· The demand for Good X is expected to get low due a downfall in the price of Good Y. This case causes a decrease in the price of Good X due to massive supply at the old equilibrium price. This results to competition among the sellers which lessen the prices. Decrease in price results to rise in demand and fall in supply. These modification continue till the new equilibrium is achieved. Thus, the equilibrium price reduced to OP1, and the equilibrium quantity demanded lessen to OQ1.
· If there is fall in the demand, the demand curve will shift towards the leftwards to D1D1 and the supply curve SS will remain the constant.
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identify the various strategies of voter suppression carried out through the mississippi plan.
1. Poll Taxes: Mississippi required citizens to pay a fee before they could register to vote, which effectively disenfranchised poor citizens.
2. Literacy Tests: Mississippi instituted literacy tests which had to be passed in order to register to vote. Many African Americans were unable to pass the test, due to lack of access to education.
What is Mississippi plan.?3. Grandfather Clause: Mississippi allowed those whose grandfathers had voted prior to 1867 to register to vote. This effectively excluded African Americans, as they had been enslaved prior to 1867.
4. White Primary Elections: Mississippi held primary elections which were limited to whites only, effectively disenfranchising African Americans.
5. Voter Intimidation: Mississippi employed tactics such as threats of violence and economic reprisals to intimidate African Americans away from the polls.
6. Gerrymandering: Mississippi redrew voting districts in an effort to ensure that African Americans were in the minority in each district, thus decreasing their political power.
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you have been contracted by an organic honey startup company to design a process for efficient honey gathering. it is a daunting task trying to maintain the schedule, as there are many variables to consider related to the bee's honey production. which option can be used to reduce the complexity of this task? answers a. work performance information b. variance analysis c. organizational process assets d. project management software
Project management software can be used to reduce the complexity of this task.
What is Project management software?
Resources can be planned, organized, and managed with the aid of project management software (PMS), which can also be used to create resource estimations. Depending on the level of sophistication, the program can manage resource allocation, estimating and planning, scheduling, cost control and budget management, communication, decision-making, quality management, time management, and administration systems. Project management software and contract management software are widely available as PC and browser-based goods and services. If you use them for business project management, it can significantly help you, your team, or even your clients.
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