Net income on the income statement and Total shareholders' equity on the statement of financial position.
The adjusting entry to record amortization has an impact on several financial statements, as follows:
Income Statement: The purpose of the adjusting entry is to record amortization expense on the income statement. This expense is a non-cash charge that reduces net income for the period. This means that the adjusting entry will decrease net income on the income statement.
Statement of Financial Position: Amortization is an allocation of the cost of an intangible asset over its useful life. This means that the adjusting entry will reduce the value of the intangible asset on the balance sheet. As a result, total shareholders' equity on the statement of financial position will decrease.
Total Liabilities: The adjusting entry to record amortization does not affect total liabilities on the statement of financial position.
Total Assets: The adjusting entry to record amortization does not affect total assets on the of financial position.
Statement of Cash Flows: The adjusting entry to record amortization is a non-cash transaction and therefore does not affect cash from operating activities on the statement of cash flows.
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who were the entrepreneurs who pioneered the growth of big business? what were their goals, and what strategies did they use to dominate their respective industries?
Some of the most notable entrepreneurs who paved the way for the growth of big business include Andrew Carnegie, John D. Rockefeller, J.P. Morgan, and Cornelius Vanderbilt.
These men were driven by a common goal - to build successful businesses that would provide them with financial stability and influence.
Andrew Carnegie was a Scottish-American industrialist who made a fortune in the steel industry. He built a vertical integration strategy, owning everything from the raw materials to the finished products, and became one of the wealthiest men in America.
Cornelius Vanderbilt was a transportation magnate who built a monopoly in the railroad industry by acquiring smaller railroads and establishing strategic partnerships.
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. a product owner with experience in a predictive approach wants the team to develop very detailed schedules and cost estimates for the next 10 sprints. what should the scrum master do?
When a product owner with experience in a predictive approach wants the team to develop detailed schedules and cost estimates for the next 10 sprints, the Scrum Master must navigate this tension between the product owner's expectations and the principles of Scrum.
In Scrum methodology, the Scrum Master is responsible for ensuring the development team follows the Scrum process and values. One of the key principles of Scrum is to have a flexible and adaptive approach to project management, which may be in contrast to the traditional predictive approach.
The Scrum Master should educate the product owner on the benefits of an adaptive approach and the potential risks of a predictive approach in the context of software development. The Scrum Master can explain that detailed schedules and cost estimates for a long period are not feasible in Scrum as the requirements and priorities can change quickly.
Instead, the Scrum Master can suggest that the team focuses on developing a high-level plan for the next sprint and adjusts it based on what they learn during the sprint. This approach allows the team to respond to changing circumstances and take advantage of new opportunities as they arise.
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which of the following are reasons to learn about marketing? To become a better consumer.
To become a better informed citizen.
To help in your career planning.
Understanding the core functions of advertising and marketing can help you better focal point your efforts and techniques to guide your business.
The 7 features of advertising and marketing are promotion, selling, product/service management, advertising information management, pricing, financing and distribution.
Why is advertising and marketing so important?Every agency desires to follow marketing strategies to: amplify sales, define merchandise or services, create connections with new collaborators or partners, get new customers, build customer loyalty, create a brand, internationalize the organisation thru the media
Marketing administration is founded on creating, planning, and imposing techniques that will assist reap wider business objectives.
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https://brainly.com/question/14625427#SPJ4What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
The Future value of an annuity due of $300 per year at 7% for 5 years is $1845.99(Approx).
1.Future value of annuity=Annuity[(1+rate)^time period-1]/rate
=$300[(1.07)^5-1]/0.07
=$300*5.75073901
which is equal to
=$1725.22(Approx)
2.Future value of annuity due=Future value of annuity*(1+interest rate)
=$1725.22*(1.07)
which is equal to
=$1845.99(Approx).
The future worth of an annuity is the worth of a gathering of repeating installments at a specific date from now on, expecting a specific pace of return, or markdown rate. The higher the markdown rate, the more critical the annuity's future worth.
An annuity's worth is the amount of cash you'll have to put resources into the present to turn out revenue installments not too far off.
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What kind of law is it when as the prices go up quantity supplied go up and vice versa?
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
Major points for quantity supplied:According to the law of supply, a higher price causes a higher supply while a lower price causes a lower supply. Tools used to summarize the link between supply and price include supply curves and supply schedules.
The quantity of a good supplied, or the amount owners or producers offer for sale, is said to increase as the market price increases and decrease as the price decreases according to the law of supply. In contrast, according to the law of demand (see demand).
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One week, christopher earned $404. 80 at his job when he worked for 22 hours. If he is paid the same hourly wage, how many hours would he have to work the next week to earn $368. 00?.
Christopher worked 22 hours one week and earned $404.80. In order to earn $368.00 the next week, he would need to work 19.2 hours.
This can be calculated by dividing the desired earnings ($368.00) by the hourly wage ($404.80/22 hours = $18.35/hour). 1
9.2 hours is the amount of time Christopher would need to work in order to earn $368.00, since $18.35/hour x 19.2 hours = $368.00.
It is important to consider the hourly wage when calculating how many hours Christopher would need to work in order to earn a certain amount of money. This is because the hourly wage affects the amount of money he will make in the given amount of time.
If Christopher was paid a higher hourly wage, then he would need to work fewer hours to make the same amount of money.
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Which of the following is a positive statement?A. Higher prices for cigarettes discourage people from buying cigarettes.B. If the price of eggs decreased, people would probably buy more eggs.C. A higher interest rate encourages people to save more.D. Lower interest rates encourage people to borrow.E. All of the above are positive.
Option A is a positive statement because Higher prices for cigarettes discourage people from buying cigarettes
Option A will be a positive statement in light of the fact that greater costs for cigarettes deter individuals from purchasing and the buying power diminishes.
Then again, Options B, C, and D are standardizing explanations as these are ideal proclamations in view of their own judgment and insight.
Positive economics is goal and reality based where the assertions are exact, spellbinding, and obviously quantifiable. These assertions can be estimated against substantial proof or verifiable cases. There are no occasions of endorsement dissatisfaction in sure financial aspects.
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You are considering buying a $700 refrigerator on an installment loan with nothing down and 12 monthly payments of $72. 92. You could also charge it to a revolving credit card with a 22 percent apr and pay it off with 12 payments of $64. 84. Your credit card company would also give you a cashback bonus of 1 percent for the purchase. How much would you save by using the credit card (round your final answer to the nearest dollar)?.
We can save $105 using a credit card, rounding the answer to the nearest dollar.
Since we are considering buying a $ 700 refrigerator on an installment loan with nothing down and 12 monthly payments of $ 72.92,
72.92 x 12
= 875.04
We could also charge it to a revolving credit card with a 22 percent APR and pay it off with 12 payments of $ 64.84, which means
64.84 x 12
= 778.08
The credit card company would also give us a cashback bonus of 1 percent for the purchase, to determine how much you would save by using the credit card the following calculation must be performed:
778.08 - (778.08 / 100)
= 770.29
Which means,
875.04 - 770.29
= 104.74
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which of the following is a positive economic statement? A) Government programs to help the poor are just making problems worse.
B) One in every five children in the United States is living in poverty.
C) Increases in poverty rates signify a deterioration of the U.S. economy.
D) The number of families living in poverty in the United States is high.
One out of every five kids in the United States lives in poverty, which is a positive economic statistic. (Choice b)
A positive economic statement is what?Positive economics is fact-based, objective, and based on statements that are specific, illustrative, and easily quantifiable. These claims can be evaluated in light of empirical data or precedents from the past. A statement that can be checked and confirmed and is not predicated on a value judgement is considered to be positive. For instance, claiming that the unemployment rate is 4.1% at the moment is accurate since it can be verified and then either confirmed or disproven. Even if they might not always be accurate, positive assertions can nonetheless be put to the test.
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think about the unique skills or talents you use to deliver for customers.
The unique skills that should be used to deliver for a customer are Empathy, good communication, and also problem-solving. It should be done to attract the customer and give a better service.
In economic and business, Customer service generally can be defined as the assistance and advice provided by a company to those people who buy or use its products or services in that business. Most all of the business company have their customer service to give a best service through their customer. Each of customer services have to had a good characteristics, such as professionalism, patience, and also a “people-first” attitude.
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Which output from Sprint Planning provides the Scrum Team with a target and overarching direction for the Sprint?A)The release planB)Sprint Review minutesC)The Sprint GoalD)The Sprint Backlog
Option C. The correct output from Sprint Planning that provides the Scrum Team with a target and overarching direction for the Sprint is the Sprint Goal.
The Sprint Goal provides a clear and concise statement that defines the purpose and direction of the Sprint. It helps the Scrum Team understand what they are working towards and ensures that they are aligned with the objectives of the project. The Sprint Goal is a flexible and dynamic target that can be adjusted throughout the Sprint based on new information and changing conditions. The Sprint Goal is an important part of the Scrum framework and helps guide the work of the Scrum Team during a Sprint. It provides focus and direction for the team and ensures that everyone is working towards a common objective. The Sprint Goal should be specific, measurable, attainable, relevant, and time-bound (SMART), and should be agreed upon by the entire Scrum Team. The Sprint Goal is not a detailed list of tasks, but rather a high-level statement that provides context for the work being done during the Sprint.
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Which output from Sprint Planning provides the Scrum Team with a target and overarching direction for the Sprint?
A) The release plans.
B) Sprint Review minutes.
C)The Sprint Goal.
D)The Sprint Backlog.
When recommending specific policies to undertake, economists make Group of answer choices
A. positive statements B. claims about how the world is C. normative statements. D. descriptive statements.
When recommending specific policies to undertake, economists make normative statements. Normative claims are predicated on beliefs or ethics—what someone thinks ought to be.
Contrarily, affirmative claims can be put to the test, even if they aren't always true. An illustration of a normative argument would be one that supports a higher minimum wage for workers since it is based on personal values. A claim that raising minimum wages will increase GDP, however, would be regarded as sound economic theory. A descriptor describes the state of the world without expressing whether that situation is good or harmful. In comparison to some standard or alternative, a normative statement communicates an evaluation by stating whether something is excellent, terrible, or superior.
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______ looks at the behavior of individual people and organizations in specific markets. A. Microeconomics B. Macroeconomics C. Nanoeconomics
In order to comprehend why people and businesses behave in the ways that they do on a daily basis and how these behaviors impact the overall economy, microeconomics investigates the behavior of specific individuals and enterprises.
What area of economics research examines how individuals and businesses behave in specific markets? In order to comprehend why people and businesses behave in the ways that they do on a daily basis and how these behaviors impact the overall economy, microeconomics investigates the behavior of specific individuals and enterprises.Microeconomics is the area of economics that focuses on how individuals and businesses behave in particular markets.Microeconomics is a subfield of economics that examines how businesses and consumers interact on a personal level.The conditions and presumptions that each economy is based on are particular to that economy.Traditional economies, command economies, mixed economies, and market economies are the four primary categories under which economic systems can be divided.The area of economics known as macroeconomics focuses on the study of the entire economy.Inflation, unemployment, and national output are the three main topics of macroeconomics.To learn more about microeconomics refer
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question at what real exchange ratio, also referred to as the terms of trade, between grain (g) and steel (s) would both alpha and beta find it mutually advantageous to specialize and trade?
At 1G= 1.5 S real exchange ratio, also referred to as the terms of trade, between grain (g) and steel (s) would both alpha and beta find it mutually advantageous to specialize and trade.
A crucial economic indicator of a company's health based on its imports and exports is the terms of trade (TOT).
A ratio called TOT is used to represent how many units of exports are required to purchase one unit of imports.
TOT is calculated by multiplying the result by 100 and dividing the price of exports by the price of imports.
A TOT that is higher than 100% or that improves over time can be a sign that export prices have increased while import prices have remained stable or decreased, which is a good sign for the economy.
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even if a firm is losing money it may be better to stay in business in the short run T/F
If revenue exceeds total variable expenses but not total costs, a company can lose money and still be better off keeping open for business in the near term.TRUE
Doing business is defined as generating income or raising capital through the production, acquisition, and sale of goods (such as goods and services). Also covered is "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any promises made by the business since the business entity cannot be legally distinguished from the owner by the use of a business name. In the event that a company accrues debt, creditors may seize the owner's personal property. Corporate tax rates are not allowed in a business setup. All business income is subject to personal taxation by the proprietor. The phrase is frequently used in casual conversation to describe a company or cooperative.
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Which of the four factors ofproduction is incorrectlydescribed below?-Capital describes the tools, equipment, and buildings that are used to make a good or service. -Technology describes thecreative human drive that creates a new business or innovates a new way to produce established goods and services. -Labor is the word economists use to describe the people and the skills they use to make a good or service. -Land is any natural resource that is used to produce a good or service.
The correct response is b. Technology describes the creative human drive that creates a new business or innovates a new way to produce established goods and services.
Technology is the application of scientific knowledge to the objectives of daily life, or, as it is also referred to, to the modification and manipulation of the environment of humans. A human need or problem must be met or resolved in order for technology to be useful. Many different human needs, including those for communication, food, clothes, and shelter, can be met with the aid of technology. Technology, which comprises the practices or actions individuals use to change their surroundings, is not derived from the natural world. Science is applied for practical goals through technology. It consists of both devices (such as computers) and methods and procedures (like the way we produce computer chips). Despite what it might appear like, most modern technology is not solely electrical.
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Which of the four factors of production is incorrectly described below?
a. Capital describes the tools, equipment, and buildings that are used to make a good or service.
b. Technology describes the creative human drive that creates a new business or innovates a new way to produce established goods and services.
c. Labor is the word economists use to describe the people and the skills they use to make a good or service.
d. Land is any natural resource that is used to produce a good or service.
when only a portion of the units involved in a job are sold, the ______.
Unsold inventory or finished goods inventory refers to the remaining units in a work when just a fraction of them are sold.
Describe the workings of unsold inventory.Unsold inventory refers to products that have been finished but have not yet been sold. As this inventory builds up, the company may incur higher holding costs, such as those for storage and insurance. Unsold inventory may occasionally result in obsolescence or value declines if the products become antiquated or less in demand. Businesses that manage their inventories well can reduce the amount of unsold inventory and the costs associated with retaining it. Some businesses sell extra merchandise during yard sales and donate the earnings to a good cause. You will receive a tax write-off for doing this, which may result in you saving more cash than you would have by conducting a discount sale or negotiating with an inventory liquidator.
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time tickets are used in job order costing to:
Time tickets are used in task order costing to keep track of the time and costs associated with both direct and indirect labor in the production department.
What are time tickets?Each student is given a set time window during which to register.
A "time ticket" is the term used to describe this time period.
Students can access the Web Student Access System to view their assigned time tickets.
They keep track of a vendor's or an employee's activity.
Weekly or daily entries for time tickets are the two options.
Page 258 displays This Time Ticket.
Costs associated with customers are tracked via expenditure tickets, which also help with cost recovery.
In order to track the time and expense of both direct and indirect labor in the production department, time tickets are employed in task order costing.
Therefore, time tickets are used in task order costing to keep track of the time and costs associated with both direct and indirect labor in the production department.
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On which input screen will the Tax Professional fill out information to calculate the taxable pension using the Simplified Method?
a. Form 1099-R.
b. Form 8606.
c. Form 1099-G.
d. Form SSA-1099.
If you choose to enter your 1099-R information using the Simplified Method, you can do so in your account by selecting the link next to box 2. If you'd rather complete it by hand.
The Form 1040/1040-SR Instructions contain the Simplified Method Worksheet. The sum is determined by dividing the projected number of pension information by the quantity of your already taxed contributions, which may be seen on your IMRF Certificate of Benefits. Depending on which is more favourable, the pension is equal to 50% of the emoluments or the average account emoluments. The current monthly minimum pension is Rs. 9000. 50% of the highest income in the Indian government constitutes the maximum pension.
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All of the following are types of decisions that can be made at the margin EXCEPT
With the exception of choosing between two products that are more or less expensive, all of the decisions listed below can be made at the margin. Here option D is the correct answer.
Making decisions at the margin refers to the process of weighing the additional benefits and costs of taking an action, such as increasing or decreasing production, consumption, or investment.
Choosing between a more or less expensive product is not a decision that can be made at the margin because it is not an incremental decision, but rather a decision between two distinct alternatives.
Making decisions at the margin is a key concept in microeconomics, and it refers to the process of considering the additional benefits and costs of taking a specific action, such as increasing or decreasing production, consumption, or investment.
Complete question:
All of the following are types of decisions that can be made at the margin EXCEPT:
A) Choosing between a smaller or larger quantity of a good or service
B) Deciding whether or not to start or continue producing a good or service
C) Deciding whether or not to purchase or consume a good or service
D) Choosing between a more or less expensive product
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what is the amount of insurance expense that should go through current year net income?
The amount of insurance expense that should go through current year net income is the portion of the insurance expense that relates to the current period.
The portion of the insurance expense is determined by the accrual accounting principle, which states that expenses should be recognized in the period in which they are incurred, regardless of when payment is made.
The exact amount of insurance expense that should go through current period net income depends on the specific terms and conditions of the insurance policy, as well as the company's accounting policies and practices. It is very important to take care of your insurance expense.
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which of the following statements about early jamestown is most correct? group of answer choices it was saved by the discovery of silver. it saw the majority of its colonists die. its success or failure was unclear. it was a great success. it was a profitable venture for the london company
Option B) The accurate description of early Jamestown is that the bulk of it's own colonists perished. Tobacco was Jamestown's main export.
How did the colony of Jamestown begin?On the banks of the James River, the Virginia Company, a commercial venture with about 100 respondents, established the first permanent settlement of North America on May 14, 1607. Amsterdam was on the verge of collapse during its first two years due to disease and battles with neighbouring Native American groups.
How did Jamestown fare?Jamestown's principal statehouse was burned to the ground in 1698, and Middle Plantation, which is now Williamsburg, took its place as the colony's seat of government the following year. Although there remained a few residents and farmers there, Savannah was all but uninhabited.
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What are the primary and secondary functions of central bank?
The central bank's primary function is to manage the money supply, control interest rates, and provide emergency liquidity to the banking system. Central banks also have the responsibility of maintaining price stability, which is achieved by setting and controlling the money supply.
Secondary functions of the central bank include providing banking services to the government and the public, managing foreign exchange reserves, issuing debt instruments and acting as a lender of last resort. Central banks are also responsible for regulating the banking system to ensure its safety and soundness. In addition, central banks can act as advisers to the government on financial and economic matters.
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a property owner residing in state a owned a beach house in state b. the property owner ran an ad in state b and state c seeking to hire a caretaker for the property. a state c resident responded to the ad. the property owner interviewed and hired the state c resident at the house in state b and then returned to state a. the property owner returned to the house a few months later and fired the state c resident. the state c resident plans to file an action against the property owner pursuant to federal employment discrimination statutes, claiming that the property owner fired him on the basis of race and age. in which federal district court(s) is venue proper?
However, in most cases, the judicial district where the contract that is the subject of the lawsuit was signed or where it was to be performed is where the proper venue can be identified.
What is the venue?
The location of a trial is referred to in law as the venue, which is typically the closest courthouse to the scene of the crime or the starting point of a civil lawsuit. The opposing party may protest and ask for a change of venue if a lawsuit is filed in a place that is not the right venue. The ability of the court to hear a certain kind of matter is referred to as jurisdiction, which is distinct from the venue.
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what term describes the increase in worth of a product or service to a consumer as a result of advertising efforts?
Advertising Elasticity of Demand (AED) is the increase in the worth of a product or service to a consumer as a result of advertising efforts. Based on the question above the correct answer is Advertising Elasticity of Demand (AED).
Advertising is a paid, mediated form of communication from an identifiable source, designed to persuade the consumer, receiver, or people who see the advertisement to take some action, now or in the future.
Advertising Elasticity of Demand (AED) is a measure of advertising expenditure's impact on new sales for a company.
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FILL IN THE BLANK. ____ are enacted when discontented sellers, feeling that prices are too low, appeal to legislators to keep prices from falling.
Price floors are enacted when discontented sellers, feeling that prices are too low, appeal to legislators to keep prices from falling.
What are Price floors?The lowest permitted price that can be paid in a market for goods and services, labor, or financial capital is known as a price floor.
The minimum wage, which is founded on the normative idea that someone performing a full-time job should be able to afford a basic level of living, is maybe the best-known example of a price floor.
The minimum wage is the most significant illustration of a price floor. The highest price that can be charged for a good or service is known as a price ceiling. In many locations, rent control sets a maximum price for flats.
Farmers will profit from the price floor if the government is ready to buy the surplus supply, but taxpayers and food consumers will be responsible for the costs.
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which of the following is most descriptive of entrepreneurial passion? a. entrepreneurs should eliminate emotion from consideration and focus only on the facts. b. an entrepreneur must have passion, but unchecked passion can be destructive. c. the more passion an entrepreneur has, the more success he/she tends to have. d. passion makes entrepreneurs open to hearing criticism of their ideas.
When people feel their entrepreneurial actions are in line with their own sense of who they are as entrepreneurs, they demonstrate entrepreneurial passion. This is a measurable, conscious, and intense positive emotion (Cardon et al., 2005, 2009).
What is entrepreneurial passion?Entrepreneurs' ultimate goal is to achieve success in their businesses, and the pursuit of that success is aided by having a passion for their businesses, which is seen as essential and crucial to getting there. In academic circles, however, there is still a lack of understanding of the underlying mechanisms that link entrepreneurial zeal to business success. In light of this, this study, which is grounded in the theory of social information processing, examines the internal mechanism of entrepreneurial passion via individual psychological capital on entrepreneurial success and the promotion of external entrepreneurial policy support. The findings of the study demonstrate that entrepreneurship passion can boost personal psychological capital and positively impact entrepreneurial success; the survey of 455 entrepreneurs in entrepreneurship parks and centers in Wuhan, Guangdong, Shanghai, and other locations used multiple times and multiple sources to collect data on the survey; Between a person's own entrepreneurial ambition and business success, psychological capital mediates the relationship. Support for entrepreneurship policies at the environmental level can encourage the impact of entrepreneurship passion on the building of psychological capital and encourage the transfer of entrepreneurship passion into entrepreneurial success through psychological capital. The aforementioned study's findings can be used as a useful resource for building entrepreneurs' psychological capital and as a guide for entrepreneurship success.To Learn more About entrepreneurial actions Refer TO:
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How does collaboration demonstrate professionalism
Answer: Collaboration allows people with different backgrounds to bring their expertise to the workplace, creating a larger talent pool and increasing the possibility that problems will be solved by drawing from these diverse backgrounds.
what are two main reasons why the program predictability measure is important
Communicates and highlight each team's contribution to business value. Facilitates a common language between business and technology stakeholders. Creates the near-term vision, which teams should follow up to succeed.
The ideas that direct your firm are known as business values. Making decisions, fostering a culture of teamwork and collaboration, and creating a good workplace are all made possible by business values.
Business value is a colloquial term used in management that refers to all types of value that affect the long-term health and prosperity of the company.
"Customer Satisfaction" is an illustration of a business value. One further illustration of a value is "Being Ethical and Truthful." Whether they are consciously aware of them or not, every firm has one or more core beliefs.
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Policymakers pursue all of the following goals to stabilize the economy EXCEPT
Policymakers pursue all of the following goals to stabilize the economy except stable productivity. Thus, option (b) can be the correct choice of answer.
Give a brief account on economy.An economy can be regarded as a network of interconnected production, consumption, and trade activities that ultimately controls how resources are allocated among all of the participants. Commodities and services are created, consumed, and distributed to satisfy the needs of people living in and participating in the economy. An economy can represent an entire nation, a certain area, a certain sector, or even an entire family. An economy is defined as all activities involved in the production, consumption, and exchange of goods and services, regardless of the size of the entity in question. Every economy is different from one another. Each is distinct due to its resources, culture, laws, history, and geographic location. The actions and decisions of the individuals have an impact on each.
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The complete question is mentioned below :
Policymakers pursue all of the following goals to stabilize the economy EXCEPT :
high unemployment.
stable productivity.
stable prices
steady growth