The following action that marketers should perform is to determine the marketing budget.
What are some examples of marketing objectives?Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."
What happens in the marketing process after that?Building your marketing mix will be the following step in your marketing approach. The Economic Times states that "the marketing mix refers to the set of actions, or techniques," that a business use to market its brand or product.
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Alex, a physician, renders aid to Burt, who is injuredand unconscious. Alex can recover the cost of the aid from Burt a. only if Burt was aware of the aid. b. only if Burt was not aware of the aid. c. even if Burt was not aware of the aid. d. none of the above.
The answer to this question is c, even though Burt didn't know about the help. In most cases, a doctor providing aid to an injured person is considered an act of charity or goodwill.
It is unlikely that a doctor would be able to recover the cost of a device from an unconscious patient, and regardless of whether the patient knew about the device or not. This means that if a doctor provides assistance to an unconscious patient and the patient was aware of the assistance before falling unconscious, the doctor could recover the costs of the assistance from the patient.
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promotion and customer support for products and services: generation of power and making it available to people: performing for and sharing information with others: teaching people and supporting learners:
Promoting items and services and providing customer service sales, marketing, and customer service; Power generation and distribution to the public energy; giving performances and sharing knowledge with others A/V, communication, and the arts Educating others and assisting learners Training and Education.
Describe marketing approach.A advertising strategy is a plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.
How does strategic planning look in practice?One of the most common examples of strategic planning is a corporate strategy, which tries to increase marketing and brand recognition. Including new goods and quality improvements There are various ways to take advantage of growth prospects, such as using aggressive marketing strategy.
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Marketers must determine the price of a product carefully on the basis of the potential buyer's beliefs about O the product's new advertising campaign. O its value. O the environment. O the economic outlook. O the cost to manufacture the product.
Marketers must carefully assess a product's pricing based on the perceptions of its value held by potential customers.
Marketing is any activity a business engages in to draw a target audience to its goods or services through compelling messaging. In order to demonstrate product value, build brand loyalty, and eventually boost sales, marketing seeks to provide standalone value for prospects and customers through content.
Marketing's goal is to continuously study and examine your target market. To accomplish this, you should hold focus groups, send out surveys, look into internet purchasing trends, and ask yourself one fundamental question: "Where, when, and how does our customer want to engage with our business?
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Having different individuals receive cash, record cash receipts, and hold the cash is an example of a. independent internal verification, b. establishment of responsibility, c. documentation procedures. d. segregation of duties
Segregation of duties can be demonstrated by having various people receive cash, record cash receipts, and hold the currency.
What does segregation of duties mean?A fundamental component of effective risk management and internal corporate controls is segregation of duties (SOD). The foundation of the SOD concept is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments.Checks shouldn't be in the hands of the person who manages and reconciles the accounting records. It is not recommended that the person who opens the mail and creates a list of the checks received also makes the deposit.
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If you wanted to hire a chef, what type of intelligence would you be most likely to focus on in assessing job candidates
Based on the Theory of Multiple Intelligence, a chef should have these types of intelligence:
NaturalistLogical-mathematicalInterpersonalSpatial-visualBody-KinestheticTheory of multiple intelligence is proposed by a psychologist Howard Gardner, stating that all people have different kind of intelligences. Currently there are 9 types of intelligence listed on the theory:
NaturalistMusicalLogical-mathematicalInterpersonalIntrapersonalBody-KinestheticLinguisticSpatialExistensialWhen you are hiring a chef, you might focus more on these intelligences:
NaturalistLogical-mathematicalInterpersonalSpatial-visualBody-KinestheticA chef should have a high naturalist intelligence since he would work to create food using many living raw materials including plants and animals.
Logical-mathematical intelligence is important for a chef since he is working on many chemical and physical reaction while cooking. A chef should have a great the logical thinking when creating a receipt to ensure the logical sequences of the steps.
To be a good head chef, someone needs to have a good interpersonal intelligence to be able to lead others. Without good leadership and interpersonal intelligence, a chef would be stucked on his position with no prospectful promotion.
A chef needs great imagination and sensitivity to visual to ensure that his creation looks appetizing. Hence, a chef also needs to have great spatial interlligence.
Since a chef work has greater portion of physical works, then high body-kinesthetic intelligence is needed. A chef needs to has great body coordination and mind-body coordination.
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A material requirements planning system is an example of which of the following scheduling systems?
O Finite loading, backward scheduling
O Infinite loading, backward scheduling
O Finite loading, forward scheduling
O Infinite loading, forward scheduling
A material requirements planning system is an example (B) Infinite loading, backward scheduling of the following scheduling systems.
Backward scheduling is the practice of producing goods at the very last moment before the deadline. A planned receiving date or due date, which is often specified upon the customer's order, marks the beginning of the transaction.
Working forward from the commencement date is how forward scheduling is done. When planning backward, you start with the target completion date. Even if capacity is available, you might not be able to begin a job right away using backward scheduling.
Despite the greatest reduction, reverse scheduling determines a scheduled start that is in the past. After that, using maximum reduction and the current date as the starting point, forward scheduling determines the scheduled finish.
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True or false: Minor acts of dishonesty and slight deviations from the truth are harmless and should be encouraged in business.
When President Obama tried to influence the economy by cutting taxes and increasing government spending, he was applying ___ .
President Obama was implementing monetary policy when he tried to affect the economy by reducing taxes and government spending government expenditure.
How does monetary policy work?The Federal Fed's actions and utterances to advance healthy economic growth, stable prices, as well as moderate long-term interest rates—the three economic objectives that the Congress has directed the Federal Reserve to pursue—combine to form monetary policy within the United States.
What is an example of monetary policy?Implementing monetary policies The Fed will add money to the reserves as banks are required to maintain with it if, for instance, it purchases or borrows Treasury notes from commercial banks. In turn, the money supply increases.
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The fixed order interval model would be most likely to be used for this situation: a. A company has switched from mass production to lean production. b. Production is done in batches. c. Spare parts are ordered when a new machine is purchased. d. Grouping orders can save shipping costs. e. none of these
Order consolidation might reduce shipping expenses. Which product would be the least likely to be ordered under a system with predetermined order intervals
What conceivable justifications exist for employing the fixed order interval model?The fixed interval model allows you the ability to schedule individual orders effectively, with the option to combine orders from the same source on the same date. As a result, there will be fewer general orders to make and better organized procurement and goods-in operations.
What is the objective of the fundamental EOQ model quizlet?Finding a fixed order quantity that will reduce total annual inventory costs is done using the fundamental EOQ model.
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If you had to analyze the non-consolidated accounts of a holding company of several industrial participations, which profit level would you focus on
I would focus on the holding company's net income or net profit, as it is a measure of the company's overall profitability. I would also look at EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) to get a sense of the company's operating performance, as well as other financial metrics.
Net income, also known as net profit, is a measure of a company's overall profitability. It is calculated by subtracting all expenses from revenue. This includes the cost of goods sold, operating expenses, and taxes. By analyzing the net income of a holding company, we can see how much money the company is making or losing after all expenses are taken into account.
EBITDA, or Earnings before Interest, Taxes, Depreciation and Amortization, is a measure of a company's operating performance. It is calculated by subtracting cost of goods sold, operating expenses, and depreciation & amortization from revenue. EBITDA gives us a sense of how much money a company is making from its core operations, without taking into account the impact of financing, taxes, and accounting decisions. This can be useful in determining a company's underlying financial health and the efficiency of the company's management.
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As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David
As a result of decreased production, David lost his job designing cars. The terms can be used cyclically unemployed and unemployed to describe David condition.
The unemployed is the term which is defined to the person who has ability to do work but they have no job or without any paid job or work.
The cyclical unemployment rate is calculated by the current unemployment rate which is defined by the frictional employment rate add with the structural unemployment rate.
In the condition of decreased production to lost the job is the common cause. The David lost his job due to decrease production but when the production demand is high, it may be high chance to get hire again.
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What kind of economy is least likely to see the benefits of prices?
Market economy is least likely to see the benefits of prices .
What is meant by market economy?In a market economy, the majority of the resources are owned by people rather than the government. This pertains to labor, capital, and land. In a market economy, people regulate the usage and cost of these resources by their free choices in the market.
A market economy, sometimes referred to as a free market or free enterprise economy, is a system in which supply and demand dictate economic decisions, such as the prices of goods and services.
We refer to this as a market economy. People, not the government, are in charge of the economy. The market economy of the United States is capitalist.
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William and Charlotte Collins divorced in November of year 1. William moved out and Charlotte remained in their house with their 10-month-old daughter Autumn. Diana, Charlotte's mother, lived in the home and acted as Autumn's nanny for all of year 1. William provided 70% of Autumn's support, Diana provided 20%, and Charlotte provided 10%. When the time came to file their tax returns for year 1, William, Charlotte, and Diana each wanted to claim Autumn as a dependent. Their respective AGIs for year 1 were $50,000, $35,000, and $52,000. Who has priority to claim Autumn as a dependent?
A. William.
B. Charlotte.
C. Diana.
D. They must negotiate amongst themselves.
Answer: B. Charlotte
Explanation:
Preference is given to people that live with the dependent so this puts William at the least priority because he doesn't live with Autumn thereby leaving Charlotte and her mother.
Preference is then given to the biological parents of the dependent which means that Diana is has second priority. Charlotte is therefore the the most preferred to claim her daughter as a dependent which would allow her greater tax deductions.
The impact that a significant change in capacity will have on a key vendor is a(n):
operational process factor.
internal factor.
human resource factor.
process limiting factor.
supply chain factor.
(e.) supply chain factor, The impact that a significant change in capacity will have on a key vendor is a supply chain aspect. by enabling consumers to buy necessities at lower costs.
The primary deciding factors were determined to be the structure of the supply chain, inventory management policies, information sharing, customer demand, forecasting methods, lead times, and length of the review period. The optimal selection of these elements' properties improves the performance of the supply chain. In order to find, produce, and move goods from their place of origin to their final destination—often from a supplier to a consumer—a supply chain is a networked structure of businesses, people, information, and assets. Modern supply chains can be quite complex, including many countries and various procedures. One of the key components of a supply chain is planning the production and inventory activities to ensure that supply and demand are suitably balanced.
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In the context of the strategies that organizations adopt for competing in the international environment, the process of producing products in the domestic marketplace and then selling them in other countries is called importing.
The given statement, the strategies that organizations adopt for competing in the international environment, the process of producing products in the domestic marketplace and then selling them in other countries is called importing, is false.
What is an import?A product or service that was created in another nation but was purchased in one is an import. The two pillars of international trade are imports and exports. A nation's trade balance, commonly referred to as its trade deficit, is negative if the value of its imports exceeds the value of its exports.
The majority of the time, nations will import items or services that the exporting nation's own industry cannot provide as effectively or inexpensively. Additionally, nations may import goods or raw materials that are unavailable within their boundaries. For instance, many nations import oil because they are unable to do so domestically or because there is not a sufficient supply to meet demand.
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Janna is a salaried nonexempt employee in Laramie, Wyoming, who earns $25,100 per year for a standard 40-hour workweek and is paid biweekly. She is single with one withholding dependent. During the last pay period, she worked 5 hours of overtime. She contributes 2% of her gross pay to her 401(k) on a pre-tax basis and has a garnishment of 10% of her disposable income for a consumer credit garnishment. What is her net pay
Jane's net pay for the pay period would be $1,193.90. Her gross pay for the period, including overtime, would be $1,420.71. From this gross pay, we can deduct her 401(k) contribution of $28.41, federal income tax of $208.08, Social Security tax of $85.24, and Medicare tax of $19.90.
We then have to deduct a foreclosure of 10% of her disposable income for a consumer credit foreclosure of $87.37. This gives her a net salary of $1,193.90. To calculate Janna's disposable income, we must subtract taxes and the 401(k) contribution from her gross pay. In this case, the disposable income would be $1,106.99. 10% of that amount is $110.70, which is the garnishment amount. After subtracting this amount from the net pay, we are left with a net pay of $1,193.90.
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George has been selling 5,000 T-shirts per month for $8. 50. When he increased the price to $9. 50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was rasing the price profitable?
George has been selling 5,000 T-shirts per month for $8. 50. When he increased the price to $9. 50 he sold only 4,000 T-shirts. The demand elasticity is -0.2
What is Demand Elasticity?Demand Elasticity is inelastic if the elasticity is less than 1, which means that the quantity demanded does not change significantly as a result of changes in price. A markup is a distinction between cost and price
The following formula can be used to determine the demand elasticity:
Demand Elasticity = (% Change in Quantity Demanded) / (% Change in Price).
Demand dropped from 5,000 to 4,000 units as the price rose from $8.50 to $9.50, so:
Demand Elasticity = (-1,000/5,000) / (1/8.50) = -0.2.
Knowing the marginal cost, which is $4 per shirt, can help us determine the needed markup. Given that markup is a distinction between cost and price, the following formula can be used to determine the appropriate markup:
The desired markup = Price - Marginal Cost
Suppose the cost is $9.50 and the price is $9.50.
Markup = 9.50- 4
Markup = 5.50
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based on the information you used to create your schedule and curve, which product would you recommend the shoe hut focus on
Based on the data you used to develop your schedule and curve, Shoe Cut should concentrate on the running shoe category of products, in your opinion.
When the company's resources are on the PPF, they may be fully exploited ( Production Possibility Curve). Without sacrificing another good, it is impossible to produce more goods. For the purposes of the study, we can assume that combination B produces 12 units of running shoes and 2 units of hiking boots.
If the hiking boots are skipped, an additional 3 pairs of running shoes can be made. Running shoes can hold up to 15, while hiking boots can only hold up to 10. Therefore, Shoe Hut should concentrate on creating running shoe inserts.
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Correct Question:
Based on the information you used to create your schedule and curve, which product would you recommend that Shoe Hut focus on, and why? Provide details that support your answer.
What determines the cost of life insurance?
Factors that determine the cost of life insurance are: mortality, interest, and expenses of the insurance company.
A life insurance policy's premium rate is determined by two basic factors: mortality and interest. The expense component is a third variable that is added to the cost of the policy to cover the operating costs of selling insurance, investing premiums, and paying claims.
Mortality measures the amount at risk. Mortality tables are used to provide a basic estimate of how much money the company will need to pay for death claims each year.
Interest earnings are the second item considered when computing the premium. Companies invest your premiums in bonds, equities, mortgages, and real estate, assuming a set rate of return on these investments.
The third factor to evaluate is the company's operating expenses. Salary, agent commission, rent, legal fees, shipping, and other expenses are estimated by the company. The expenditure loading is the amount charged to cover each policy's portion of operating expenses.
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Which of the following amounts paid by an employer to an employee is not subject to withholding?
a. Salary
b. Bonus
c. Commissions
d. Reimbursement of expenses under an accountable plan
e. All of the above are subject to withholding
Salary paid by an employer to an employee is not subject to withholding.
So option A is correct.
How would you define salary?A salary is a set sum of money or other remuneration that a company gives to an employee in exchange for work completed. Salary is frequently paid at predetermined periods, such as monthly installments equal to one-twelfth of the annual salary. Employee compensation that is quoted on an annual basis, such as $50,000, is referred to as salary. The majority of workers in a company's main office will receive a salary. Hourly wage workers are paid for the number of hours they work, and they may be entitled to overtime compensation if they work more than the typical 40 hours per week. Salaried employees receive regular paychecks, even if they put in long days during busy times.
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How does government protect private property in a mixed economy?
Governments may impose taxes on the private sector in an effort to redistribute wealth, and they may also utilize tax income to further social objectives. In mixed economies, the government typically intervenes through fiscal stimulus, trade protection, subsidies, targeted tax credits, and public-private partnerships.
What does " government typically intervenes" mean ?
Governmental intervention is the deliberate meddling by a government in a country's economy through regulatory actions. It represents a situation in which a government actively swayed decisions made by individuals or groups. Government involvement is necessary because of the perceived flaws and inefficiencies of the market. A government makes and upholds laws with the goal of advancing welfare or pursuing certain social and economic goals. These rules aim to achieve results that.
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The law of demand says that the lower the price of a good, other things constant, Group of answer choices the larger the demand for that good the larger the quantity demanded of that good the smaller the demand for that good the smaller the quantity demanded of that good the smaller the real income of consumers and the lower the quantity demanded of that good
The law of demand says that the lower the price of a good, other things constant, a) the larger the demand for that good the larger the quantity demanded of that good.
One of the most abecedarian ideas in economics is the law of demand. It explains how request husbandry distribute coffers and set the prices of goods and services that we see in diurnal deals by combining the law of force.
According to the law of demand, the volume bought varies equally with price. In other words, the volume demanded diminishments as the price increases. Because of declining borderline mileage, this happens.
In other words, consumers use the original units of an profitable good they buy to fulfill their most burning conditions first, and also they use each fresh unit to fulfill precipitously lower- valued pretensions.
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Estimating and recording product warranty expense in the period of the sale best follows the a. business entity concept b. matching concept c. materiality concept d. cost concept
The matching concept is the most appropriate for estimating and recording product warranty costs during the sale period.
What is the matching concept?The matching concept is a method of accounting in which businesses record both their revenue and the expenses that go along with it in the same accounting period. Companies report their "revenues," also known as their "expenses." The matching concept is intended to prevent earnings from being incorrectly stated for some time.
This idea is mostly used by businesses to figure out what their actual profit or loss was during an accounting period. This causes the profit or loss to be either overcast or undercast, which may not reflect the actual efficiency of the business and its operations during the relevant accounting period.
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Before the Industrial Revolution, the doctrine of ________ governed the employment relationship in the United States.
The philosophy of laissez-faire ruled the job relationship in the United States prior to the Industrial Revolution. Hence, the correct answer is laissez-faire.
What exactly was the Industrial Revolution?The Industrial Revolution was the transition to new industrial processes that occurred in the United Kingdom, continental Europe, and the United States between around 1760 and 1820-1840. The transition from hand to machine production methods, new chemical manufacturing, and iron production processes, increasing use of steam and water power, machine tool development, and the formation of the mechanized industrial system was all part of this change. Output increased substantially, leading to record increases in population and population growth rate. In terms of employment, output value, and capital invested, textiles dominated the Industrial Revolution. The textile industry was also the first to use modern production processes.
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What is meant by producer product?
Producer products also referred to as intermediate goods in economics, are manufactured goods used in further production, processing, or resale.
What is a producer product?In economics, producer products—also known as intermediate goods—are manufactured goods that are utilized in subsequent manufacturing, processing, or resale.
In the manufacturing process, producer items can merge with end products or lose their unique characteristics.
Producer goods are products that a business uses to make more of its own products.
An office building, factory, or warehouse are all examples of producer goods.
Producer goods are the different things that producers utilize in their manufacturing processes.
They consist of raw materials, semi-finished commodities, and capital items (such as machinery, parts, and equipment).
Therefore, producer products also referred to as intermediate goods in economics, are manufactured goods used in further production, processing, or resale.
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according to the classical growth model, an economy that increases its saving will grow _____
During the Industrial Revolution, (mainly British) economists created the classical growth hypothesis. According to the classic growth theory, economic growth results from capital accumulation and the reinvestment of specialization-related gains.
Whats is the meaning of hypothesis?
A hypothesis is something that is neither an established theory nor a wild guess. Before a hypothesis can be called a theory in science, it must undergo extensive testing. The term is used much more liberally outside of science. A mother may have a theory about who spilled juice on the carpeting, just as a detective may have one concerning a crime. Anyone using the word hypothesis is speculating.
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Which of the following is the best description of reconciling a bank account? A. Comparing your own records to bank records B. Adding money to your bank account C. Comparing your bank account to your earnings D. Closing your bank account
The best description of reconciling a bank account is: A. Comparing your own records to bank records.
What is bank reconciliation?Bank reconciliation can be defined as an evaluation which give a complete details of the financial items that are responsible for any difference between the balance of cash account in the balance sheet and the cash balance that is reported in an firm's bank statement.
In Financial accounting, reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account is kept by a business firm.
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Answer:
C.Compare your personal records to the bank's statement
Explanation:
An engineer has recently purchased a new piece of equipment to use in analyzing geological formations. The equipment has no maintenance costs the first year due to a one year's free maintenance warranty. In the second year, it is expected to cost $20 to maintain the equipment and in subsequent years the cost of maintenance will increase by $20 per year (i.e. maintenance cost is $40 in year three, $60 in year four, and so on). Approximately what amount must be set aside now at 9% interest to pay the cost of maintaining the equipment over the first six years of ownership
$220 amount must be set aside now at 9% interest to pay the cost of maintaining the equipment over the first six years of ownership.
Business interest means possession or partial possession of an enterprise, stocks of an enterprise, or different economic involvement, such as any economic duty from, or financial responsibility to, any individual, enterprise, or organization; sample 1Sample 2.
In fashionable, commercial enterprise careers offer more possibilities for professional advancement than other careers. With advancement comes a salary will increase, expert admiration, the possibility to venture yourself, and many different perks as nicely.
Business interest approach any direct or oblique prison or useful hobby (whether or not as a proprietor, lessor, investor, or otherwise) in any character, including, without a predicament, any equitable or possession interest in such person or any ownership interest in any inventory, real or non-public assets or assets of such man or woman and shall similarly consist of the investment in, acquisition of or established order of any commercial enterprise related to the transportation of freight, whether or not as an agent, proprietor/operator, broking or otherwise.
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Complete Question:
An engineer has recently purchased a new piece of equipment to use in analyzing geological formations. The equipment has no maintenance costs the first year due to a one year's free maintenance warranty. In the second year, it is expected to cost $20 to maintain the equipment and in subsequent years the cost of maintenance will increase by $20 per year (i.e. maintenance cost is $40 in year three, $60 in year four, and so on). Approximately what amount must be set aside now at 9% interest to pay the cost of maintaining the equipment over the first six years of ownership
A). $298
B). $207
C).$220
D).$269
holds that unhindered free-enterprise economic markets and individual enterprise can solve economic and social problems such as poverty
Conservatives believe that unhindered free-enterprise economic markets and individual enterprises can solve economic and social problems such as poverty.
What are Economic Markets?An economic system in which the majority of resources are owned by individuals rather than the government is known as a market economy. Capital, labor, and land are all part of this. In a market economy, individuals decide for themselves how to use these resources and how much they cost.
The following are characteristics of a market economy: The economic system is based on supply and demand. The demand and supply of a good or service determine the quantity produced. Traditional, command, market, and mixed economies are the four types of economies.
The economy can be divided into three main categories: command, free market, and mixed The following chart contrasts command and free-market economies; The two are combined in mixed economies. Economic decisions are made by both individuals and businesses on their own.
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The question as follows:
____ believes that unhindered free-enterprise economic markets and individual enterprise can solve economic and social problems such as poverty.
________ is a major issue faced by companies when implementing enterprise systems.
The gap between the requirements of an organization and the capabilities of an application is a major issue faced by companies when implementing enterprise systems.
A need is a distinct, documented operational or physical need that a given design, product, or process seeks to address in product design and optimizations. The product development process' design stages incorporate a set of criteria. Since tests should be able to be traced back to particular requirements, demands are therefore a crucial component of the verification process. The features and functionalities required for the specific project are represented by the objectives. The components are gradually established in tandem with design and execution when iterative or agile software development techniques are employed.
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