Rental price of each unit would not be included in a property management agreement. A property operation system( PMS) is software that facilitates a hostel’s reservation operation and executive tasks.
The most important functions include frontal- office operations, reservations, channel operation, housekeeping, rate and residency operation, and payment processing.
What are the factors of property operation?
Main modules of property operation systems
Reservation..
Front- office operations and room operation..
Channel operation..
Direct distribution via reserving machine..
profit operation..
Housekeeping..
CRM and client data operation..
Reports and analytics.
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Which of the following items would be LEAST important in a property management agreement?
1 The manager’s compensation plan 2 The manager’s marketing role 3 Rental price of each unit 4 When and in what form the property manager will report to the owner
when price is above marginal cost, selling one more unit at the current price will increase profit. this concept is known as the a. cartel effect. b. price effect. c. output effect. d. income effect.
when price is above marginal cost, selling one more unit at the current price will increase profit. this concept is known as the B. Price Effect.
What is the price effect?The price effect states that when the price of a good or service is above its marginal cost, selling one more unit of the good or service at the current price will increase the producer's total profit. This concept is commonly referred to as the price effect, or sometimes the cartel effect.The price effect is a powerful tool in economics as it relates to the idea of economies of scale.Economies of scale refer to the ability of businesses to realize cost savings with an increase in production. As an example, if a company produces 100 units of a good, the marginal cost of producing each additional unit is lower than the cost of producing the first 100 units.This is due to the fact that the fixed costs of production, such as the initial setup costs, are spread out over a larger number of units. As a result, the company can sell the additional unit for a higher price than the marginal cost, resulting in an increase in profit.The price effect applies to both industries and markets. In an industry, when the market price is higher than the marginal cost, firms in the industry are incentivized to increase production, leading to an increase in the overall industry output. In a market, the price effect creates a price floor, which prevents prices from falling below the marginal cost. This can create an artificial price ceiling, which can lead to a decrease in consumer welfare.The price effect is an important concept in economics and can be used to explain the behavior of firms and markets. It is important to remember that the price effect is only applicable when the market price is above the marginal cost. If the market price is below the marginal cost, then selling one more unit at the current price would result in a decrease in profit.To learn more about the price effect refer to:
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consider the project in with crash times and crash costs as set forth in the table. task normal time (days) crash time (days) normal cost crash cost immediate predecessor a 5 4 100 200 b 4 3.5 100 200 c 3 2.5 150 300 a d 7 5 400 800 b e 2 2 0 0 c f 1 1 0 0 d, e a) what is the normal time that the project can be completed, its critical path and its normal cost? b) what is the shortest time in which the project can be completed, its critical path and its associated costs? c) what are the tasks that need to be crashed, by how much and what are the minimum incremental costs of completing the project in 10 days?
a) The project can typically be finished in 21 days, with A-C-D-F being the critical route. The project typically costs $950.
b) The project's shortest completion window is 9.5 days, with an associated cost of $1450 and a critical path of A-C-F.
The following expenses would be incurred for finishing the project as quickly as possible:
• Task C- The normal cost is $150 plus a $50 additional crash cost for a total cost of $200.
• Task D: $400 normal cost plus $400 for the incremental crash (400 + 400 = $800).
• Total cost: $1,000 for regular costs plus $450 for additional crashes (1450 for 1000 + 450).
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what is the major problem faced by crescent pure in this case? what positioning should the new owners of crescent pure pursue? briefly summarize your recommendations.
The main issue right now is that the company's marketing executives are torn between the three critical situations. This is because some of them believe the product should be marketed as an energy drink. On the other hand, some see it as a sports drink, while others see it as an organic drink.
Crescent Pure should position itsself in the energy drinks market because it easier to penetrate and steal customers given that it has no clearmarket leader.
What is the SWOT Analysis for Crescent Pure issues?Prior to joining PDB's product line, the company's product was performing admirably and achieving an excellent market position, as previously discussed, with nearly 1000 cases of the product sold annually. Furthermore, PDB has a positive brand recognition in the non-alcoholic beverage industry, and the company can easily sell up to 12000 cases per year.
The market for energy drinks is expanding and is expected to grow in the future. As a result, the product's strength and future growth prospects will be accounted for by a strong distribution channel, a strong product formulation, and brand recognition. However, the product's high quality at such low prices distinguishes it from its competitors.
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if an economy is operating at a point that is inside of its production possibilities frontier, then it can be assumed that its resources are: question 11 options: a) misallocated. b) underutilized. c) fully utilized. d) overutilized.
Option b: If an economy is operating at a point inside the production possibilities frontier, then society's resources are being inefficiently utilized.
In product creation, getting resources to create one product from another comes at an opportunity cost. The maximum amount that can be produced is represented by the curve in the diagram.
The Production Possibilities Frontier (PPF) sits above the curve, representing an impossible scenario given available resources.
PPF shows that the output of one resource increases only when the output of another resource decreases.
PPF helps managers make decisions that determine the best product mix for their company.
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Complete question:
If an economy is operating at a point inside the production possibilities frontier, then
A) the PPF curve will shift inward.
B) society's resources are being inefficiently utilized.
C) economic policy must retain further growth of the economy.
D) society's resources are being used to produce too many consumer goods.
record some of the information you can expect to find on a credit report.
History and track records of paying bills
Open/closed accounts.Late payments.Credit Inquiries.A credit score is a numerical expression primarily based on a degree analysis of a person's credit score documents, to symbolize the creditworthiness of a person. A credit score score is based on a credit score record, statistics normally sourced from credit score bureaus.
lenders, which includes banks and credit card companies, use credit scores to evaluate the capability threat posed by lending cash to purchasers and to mitigate losses because of terrible debt. lenders use credit score scores to determine who qualifies for a loan, at what hobby rate, and what credit score limits. lenders also use credit rankings to determine which clients are probable to deliver the maximum revenue.
Credit score scoring isn't always confined to banks. other corporations, such as cell cellphone groups, coverage corporations, landlords, and government departments rent identical strategies. virtual finance corporations including online creditors also use opportunity data assets to calculate the creditworthiness of borrowers.
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a company purchases supplies for cash. the company records this transaction with a: multiple choice credit to accounts receivable debit to cash debit to supplies credit to retained earnings
Accounts payable is credited after a supply purchase that is debited from supplies expense.Inventories and supplies are two different things.
Is it a debit or credit card if I pay cash for supplies? Accounts payable is credited after a supply purchase that is debited from supplies expense.Inventories and supplies are two different things.Due to the fact that the equipment would be considered an asset and cash would be considered an asset, the assets would both increase and decrease as a result of the cash purchase of equipment.It wouldn't effect any other accounts.Supplies that are paid for in cash must be shown as supplies on hand when they are purchased by a company.The inventory of goods is listed as a current asset on the company's balance sheet because they are often used up within a year.To learn more about purchases supplies refer
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When a trial balance balances, it is an indication that?
If a trial balance balances, it is shows that the total footing for debit and credits are equal. In the other side, it can not indicate whether all of the journal entries are posted.
In the term of financial economic and accounting, A trial balance generally can be defined as a list of credit entries and debit entries. Trial balance has a function to internally audit their double-entry accounting systems especially in the business. If the trial balance balances, it is shows that the total footing for debit and credits are equal, but it can not indicate whether account balance balances are correct, or also all transactions have been journalized.
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the gramm-leach-bliley act (glba) addresses information security concerns in the financial industry. T/F
True, the Gramm-Leach-Bliley Act (GLBA) deals with issues related to information security in the banking sector.
According to the Gramm-Leach-Bliley Act, financial institutions—companies that provide consumers with financial products or services such as loans, financial or investment advice, or insurance—must educate their clients about how they share customer information and protect sensitive information. In order to avoid the unlawful collection, use, and disclosure of NPI, the GLBA mandates that businesses that meet the definition of "financial institutions" adopt a number of affirmative procedures. Two "Rules"—the Safeguards Rule and the Privacy Rule—are used to establish these duties. The Gramm-Leach-Bliley Act, sometimes referred to as the Financial Services Modernization Act, was passed by Congress in late 1999 and deregulated the financial services sector by removing obstacles that divided commercial banking from investment banking, merchant banking, and insurance underwriting.
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Under the Sales Article of the UCC, the remedies available to a seller when a buyer breaches a contract for the sale of goods may include The right to resell, The right to stop goods identified, a carrier from to the contract, delivering the goodsa. Yes, Yesb. Yes, Noc. No, Yesd. No, No
Under the Sales Article of the UCC, the remedies available to a seller when a buyer breaches a contract for the sale of goods may include The right to resell, The right to stop. The correct answer is option (a), that is, Yes Yes.
When the buyer violates the terms of a contract involving the sale of goods, the seller has a variety of options under the UCC.
Among these remedies is the ability for the seller to resell the items specified in the contract and to recoup any proceeds below the agreed-upon price. Additionally, if the buyer breaches, the seller may stop performing and stop the carrier from delivering the goods.
A uniform set of rules and laws for conducting business is known as the Uniform Commercial Code (UCC). The UCC's main goal is to make corporate operations efficient and consistent across all states in the United States.
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What is protections for health information used for research purposes?
Informed consent is expected under government research guidelines for the assurance of human subjects. The HIPAA Security rule, an alternate guideline, independently expects that patients give composed Approval before a covered element might involve or uncover patients.
HIPAA's Protections For Wellbeing Data Involved For Exploration Designs is a bunch of rules integrated into Clinical Exploration practice to guarantee the security and government assistance of members. It likewise guarantees the respectability and well-being of patients' information.
For instance, without your approval, your supplier by and large can't: Give your data to your boss. Use or offer your data for showcasing or publicizing purposes or sell your data.
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which main business function is responsible for maintaining employee records? group of answer choices
The upkeep of employee records, the monitoring of job performance, training, and skills, and the support of planning for pay and career advancement are all functions supported by human resources information systems.
Which organizational division is in charge of employee coaching and training? The upkeep of employee records, the monitoring of job performance, training, and skills, and the support of planning for pay and career advancement are all functions supported by human resources information systems.In a company, HR or Operations are the two primary options for managing staff development programs.The HR department typically oversees training and development.Information systems include all the software and operational procedures required, whereas information technology (IT) comprises of all the hardware that a company must use to accomplish its business goals.Planning, controlling, and decision-making at the management level are the primary functions that MIS support.Their data is typically sourced from underpinning transaction processing systems.The basic operations of the business are analyzed and reported by MIS.To learn more about human resources refer
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abbot company determined that the book basis of its allowance for bad debts is $100,000. there is no corresponding tax basis in this account. the basis difference is properly characterized as:
The company's basis difference is correctly classified as a deductible temporary difference.
What is deductible temporary difference?Temporary differences that are deductible are those that will result in future tax deductions or savings when the asset (or liability) is recovered (or settled). IAS 12 requires that a deferred tax liability be recorded for all taxable temporary differences that exist at the end of the fiscal year.A deferred tax asset is recognized for all deductible temporary differences where it is likely that taxable profit will be available to offset the deductible temporary difference.A deductible temporary difference is one that will result in amounts that can be deducted in the future when calculating taxable profit or loss. Taxable. A taxable temporary difference is one that will result in taxable amounts in the future when determining taxable income.To learn more about deductible temporary difference refer to :
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Which of the following communication techniques show that someone has a team orientation?
using the pronouns "you" and "we" to discuss goals and needs
being open and transparent about the company's confidential matters
keeping personal motivations hidden in the workplace
discussing only positives rather than focusing on negatives
using the FAIR test to evaluate what other people say
The correct option is A, using the pronouns "you" and "we" to discuss goals and needs, being open and transparent about the company's confidential matters, and discussing only positives rather than focusing on negatives show that someone has a team orientation.
Orientation refers to the process of familiarizing new employees with the company culture, policies, procedures, and job responsibilities. It is the first step in introducing the new employee to the organization and helps in making the transition to the new workplace smoother. Orientation programs can be held on the first day of work or over a few days and may involve a mix of formal training sessions, tours of the facilities, and informal interactions with other employees.
The primary objective of orientation is to provide employees with the information they need to perform their job effectively and efficiently. It also helps employees understand the company’s values, mission, and goals, as well as its expectations for employee behavior and performance. This information helps employees make informed decisions about their work, their relationships with coworkers, and their overall experience working for the company.
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if the future value of a one-period investment is given by the formula, f = i (i × r), what is the formula for the amount of the investment, i?
If the future value of a one-period investment is given by the formula,
F = I (I × R) , the formula for the amount of the investment was
I = F ÷ ( I + R) .
Single-period investments compute future and present value in a specific manner. Single-period investments occur across a single time frame (usually one year). One-period investments only require two of the three variables to be known.
One of the discounted cash flow models, the single period model, uses a single predicted cash flow value to determine the fair value of a stock or company, which is then discounted using the appropriate discount rate.
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which of the following describes a firm? a. purchases labor hours from workers b. borrows capital from investors c. combines labor and capital to create production, moving them from their low value use to high value use d. all of the above
d. all of the above describes a firm.
What is a firm?
A firm is a business organization that provides goods or services to consumers and operates to make a profit. It combines labor and capital to create production, buys or hires labor hours from workers, and borrows capital from investors. The firm's goal is to allocate its resources effectively to maximize production and profits.
Hence, the answer is d. all of the above describes a firm.
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can anyone be trained to be a project manager?
Yes, anyone can be trained to be a project manager.
Project management skills can be learned through a combination of formal education, on-the-job experience, and professional development. Many universities offer project management courses and certifications, such as the Project Management Professional (PMP) certification offered by the Project Management Institute.
Additionally, hands-on experience in leading and managing projects can help individuals develop the skills and knowledge needed to become effective project managers. It is also important for individuals to stay up-to-date with best practices, tools, and techniques in project management through continuous learning and professional development.
However, becoming a successful project manager also requires a combination of qualities such as leadership, communication, problem-solving, and adaptability.
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The straight-line budget constraint indicates ____ opportunity cost.
Constant opportunity cost is indicated by the straight-line budget constraint.
The trade-off between the two goods, which is represented by the ratio of their prices, is reflected in the budget line's slope. A budget line or constraint for consumers displays different combinations of two products that can be bought with a certain amount of money.
Constant opportunity cost describes a situation in which the costs of pursuing a specific opportunity remain stable over time, regardless of how the benefits of the activity change.
Constant opportunity costs are indicated by the straight-line budget constraint. The budget line will move to the right as income rises. The best illustration of constant opportunity cost is a curved production possibilities frontier.
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If the variable cost per unit increases, and all other factors remain constant, thecontribution margin ratio will increase.answer Choices a) true b) false
The statement "If the variable cost per unit increases, and all other factors remain constant, the contribution margin ratio will increase" is false
The contribution margin ratio is calculated as the difference between the selling price and the variable cost per unit, divided by the selling price. The contribution margin represents the amount of revenue left over after the variable costs have been covered, and it is used to help a company determine the minimum sales volume required to break even.
If the variable cost per unit increases, the contribution margin ratio will decrease, assuming all other factors remain constant. This is because the difference between the selling price and the variable cost per unit becomes smaller, and the contribution margin ratio will reflect this. A decrease in the contribution margin ratio means that the company will have to sell more units in order to break even, making it more challenging to reach profitability.
Therefore, the statement "If the variable cost per unit increases, and all other factors remain constant, the contribution margin ratio will increase" is false.
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this income included gross rents of $3,000 (expenses were $2,000), municipal bond interest of $1,000, dividends of $1,500, and social security of $4,000. what is james' father's gross income for the qualifying relative test purposes in 2020?
By virtue of the gross income test, which goes into effect in 2020, no dependent person will be permitted to earn more than $4300 annually.
James Father's gross income may be calculated using what we know:
Description Amount
Gross income for rents $3000
Municipal Bond Interest 0
Dividend Income $1500
Social Security: 0
(Seeing as the gross-income dependency criteria does not apply to Social Security benefits);
The total gross income = $4500
James Father therefore does not qualify to be a dependent because his gross annual income is $4500.
A claimed dependent must have been supported by the taxpayer for more than half of the prior year and have lived with them during that time. To count as a qualifying relative, the dependent's gross income must, meanwhile, be less than $4,300.
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when performing the managerial task of planning, ___
Setting goals and choosing a course of action to achieve them are both part of the management task of planning.
What is the role of management in planning?Managers must foresee future situations and be aware of the current environmental factors affecting their firm. Planning lessens redundant and inefficient actions. Making decisions is made easier with planning. Planning offers guidance. Uncertainty risk is decreased with planning.
Controlling a group in order to achieve a given objective is one of a manager's duties. On the other side, leadership is the capacity of a person to inspire, influence, and empower other workers to contribute to the success of an organization.
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the marketing plan is broken down into various components—how the product or service will be conceived or designed, how much it should cost, where and how it will be promoted, and how it will get to the consumer.
the marketing plan is broken down into various components—how the product or service will be conceived or designed, where and how it will be promoted, and how it will get to the consumer is true.
The strategy a business will employ to promote its products to potential clients is described in the marketing plan. The target market, the brand's or product's value proposition, the campaigns to launch, and the metrics to be applied to judge the success of marketing initiatives are all identified in the plan.
Use objective, quantifiable metrics to gauge your success since a strong marketing strategy is one you can monitor. Include metrics like users, views, visits, queries, leads, articles, likes, follows, calls, and so forth in addition to purchases.
A marketing strategy details your anticipated marketing and promotional efforts for a predetermined timeframe, often the following 12 months. It outlines your strategy for reaching, luring, and convincing people to purchase your goods or services, along with specific objectives, actions, and due dates.
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When a bond's yield to maturity is greater than the bond's coupon rate, the bond will:
a. Not enough information b. Sell at a premium c. Sell at $1,000 d. Sell at a discount
True or false:
All other factors equal, the longer the maturity on a bond, the more sensitive is its price to changes in the YTM (longer maturity = greater price volatility).
True or false:
When the economy is expected to strengthen significantly we usually expect the yield curve to have a positive slope.
True or false:
A bond was issued three years ago. The coupon rate more closely captures the current risk profile of the bond than does the YTM.
Option (d), If a bond's coupon rate is less than its YTM, it is being sold at a discount. If a bond's coupon rate is greater than its YTM, it is being sold at a premium.
What transpires if a bond's yield to maturity exceeds its annual coupon?If the yield to maturity is greater than the coupon rate, the bond qualifies as a discount bond and is priced below par. When the coupon rate and YTM are equal, the price and maturity value of a bond are likewise equal, and the bond is said to trade at par.
More sensitive bonds have a longer maturity period?Typically, bonds with long maturities and low coupons have the longest durations. Because they are more subject to fluctuations in market rates, these bonds are more erratic in an environment where interest rates are shifting. Longer maturity dates or greater coupons will be seen on bonds with longer durations.
when a yield curve has a positive slope?An increase in interest rates is indicated by a yield curve with a steeper slope. Future drops in interest rates are predicted by a yield curve that slopes downward.
If a three-year bond is purchased and held until it matures, what interest rate is earned?Yield to maturity, or YTM, is the total return you can anticipate from your investment in a bond or debt mutual fund if you keep it to maturity. It is shown as a fraction of the price at the moment on the market.
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Absolute advantage is found by comparing different producers :
(i) opportunity costs.
(ii) payments to land, labor, and capital.
(iii) locational and logistical circumstances.
(iv) terms of trade.
(v) input requirements per unit of output.
The producer who produces more will always have the upper hand when two producers have identical inputs but create different results. When a manufacturer can deliver an item or service in bigger quantities for the same price—or in the same quantities for less money—than its rivals, it has an absolute advantage.
Having the capacity to generate more of a good or service than a rival. The advantage in Comparison: is a producer's capacity to create a good or service for less money than a rival. Having an absolute advantage is being able to generate more or better goods and services than your competitors. In contrast to greater volume or higher quality production, comparative advantage refers to the capacity to produce goods and services at a lower opportunity cost.
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what specific entrepreneurial aspects include the strategy formation process
actively looking for novel ways to better what the organization is already doing and aggressively seeking out new prospects for the organization should pursue
What is organization?An organization is made up of a group or people who work together, like in a union, business, nonprofit, or local association. A person, a club, a business, or the act of generating something can all be referred to as a "organization."
What are the 4 different types of organizations?Sole proprietorship, partnerships, corporations, and limited liability companies, or LLCs, are the four primary types of business organizations.
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long-term mortgage-backed securities are traded between investors and issuers. what type of financial market is this?
Long-term mortgage-backed securities are traded between investors and issuers. this is primary market.
The primary market is the market where the securities are to sold for the first and foremost time i.e. initial public offering through investment bank.While on the other hand, the secondary market is the market where the securities are traded by the investors and they deal with the existed securties.The primary market is where securities are created. It's in this market that firms sell (float) new stocks and bonds to the public for the first time. An initial public offering, or IPO, is an example of a primary market.A primary market is a figurative place where securities make their debut—where new bonds and shares of corporate stock are issued to be sold to investors for the first time.
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the _______ is the contract that defines the relationship between the property owner and the real estate broker
The listing agreement is the contract between the property owner (known as the "seller") and the real estate broker that outlines the terms and conditions of the broker's representation of the seller in the sale of their property.
The listing agreement sets forth the obligations of both the seller and the broker, including the broker's duties to market and advertise the property, negotiate offers on behalf of the seller, and provide information to potential buyers. It also specifies the compensation that the broker will receive for their services, which is typically a percentage of the sale price of the property. In addition, the listing agreement typically includes important details about the property, such as its address, size, and features, as well as any conditions or restrictions that may apply. It may also include provisions for terminating the agreement early if either party is not satisfied with the arrangement. Overall, the listing agreement is a critical document in the sale of real estate, as it establishes the relationship between the property owner and the real estate broker and outlines the terms and conditions of their working arrangement. It is important for both parties to fully understand and agree to the terms of the listing agreement before it is signed.
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CONSUMER BEHAVIOR: What are the most relevant cultural values affecting the consumption of each of the following? Describe how and why these values are particularly important. Please write your answer below
a) internet
b) MP3 player
c) Milk
d) Fast food
e) Luxury cars
f) Cell phones
(A) Internet use : The motivations for using the Internet include connectivity and globalisation.
Whose internet is the fastest?With each of these nations recording average median speeds over 120 Mbps as of September 2022, Norway, this same United Arab Emirates (UAE), & Qatar are among the fastest mobile internet connections in the whole globe.
What amount of data is used each month?According to Ofcom's Services Market Report 2022, 5.6GB of data were consumed monthly on average by people in 2021. That represents a 24% increase over the 4.5GB utilised monthly in 2020, which itself represents a 27% increase over the 3.6GB used monthly in 2019.
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how do nominal wage changes affect the economy's output at the long-run equilibrium?
Over time, a rise in nominal wages leads to a decline in output. unable to be determined because the solution depends on where the equilibrium aggregate demand curve lies.
On the long run, nominal wages have little effect on output. An economy in long-run equilibrium is represented by point ELR on the accompanying graph. Flexible nominal wages would eventually reach that since rising price levels would demand higher nominal wages to produce a real pay of e. The economy can eventually reach its natural level of employment and potential output at any price level, so to speak. a graph that displays the correlation between real GDP and price level if all prices, including nominal salaries, were completely flexible.
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which of the following are fixed costs relative to the number of units produced and sold? (Check all that apply.)
Commissions based on sales
Building rent
Manager's salary
Straight-line Depreciation
The manager's compensation, straight-line depreciation, and building rent are fixed costs in relation to the quantity of units manufactured and sold.
Which of the following is an illustration of a fixed cost?Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
What cost is most likely to be a fixed cost out of the following?Response and Justification: Property taxes is the right response in this case. For a specific length of time, a fixed cost does not fluctuate with production volume if it falls within the relevant range.
A fixed cost is best described by which of the following statements?Response and Justification: Option e is the right response to the question as it is presented. costs that remain constant despite changes in output. The cost that does not fluctuate based on production volume or output within a certain range is known as the total fixed cost.
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Who owns the Project Management Plan (PMP)?
a) The project team.
b) The chief executive.
c) The project manager.
d) The project support office.
The Project Management Plan (PMP) is a document that outlines how a project will be executed, monitored, and controlled. It serves as a guide for the project team, stakeholders, and the project manager to ensure that the project is delivered on time, within budget, and with the desired quality.
A PMP is owned by the project manager, who is responsible for developing, maintaining, and updating it throughout the project lifecycle. The project manager is accountable for ensuring that all aspects of the project, including scope, schedule, cost, quality, resources, risk, and communication, are properly planned and managed.
However, the PMP is not just a document owned by the project manager, but it is also a collective effort of the entire project team and stakeholders. The project team provides input and feedback on the PMP, ensuring that it is comprehensive and realistic. The stakeholders, such as the chief executive or the project support office, are also involved in the PMP, as they provide support, funding, and resources to ensure the success of the project.
In summary, the project manager owns the project management plan(PMP).
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