define initial selection and identify the devices used during the initial selection stage.
Answers
Initial selection devices are used to determine if basic qualifications for the job are met.
What are Initial selection devices?
Any exam, test, requirement, or criterion used to assess a candidate's qualifications for employment, assignment to a specialized unit, or promotion is referred to as a selection device.
The employment process includes the phase of selection. An HR manager selected the best résumé or candidate from a large pool of applicants using a variety of tools, tactics, methods, and procedures. Numerous abilities and knowledge are needed for the choosing procedure.
Interviews are still the most popular recruitment and selection tool, despite not necessarily being the most reliable. You should include both telephone and in-person interviews in your hiring procedure.
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Related Questions
Which does not demonstrate the progression of important human technology?
a. from feather pen to typewriter to computer b. from railroad to horse-drawn carriage to automobile
c. from telegraph to telephone to cell phone
d. from fire pit to fireplace to oven
Answers
From fire pit to fireplace to oven does not demonstrate the progression of important human technology. option D
Which does not demonstrate the progression of important human technologyFrom fire pit to fireplace to oven as it refers to the development of a specific technology, namely cooking appliances. While the development of cooking technology has certainly been important for human society, it is not necessarily indicative of a broader trend in the development of technology.
On the other hand, options a, b, and c all demonstrate a clear progression of technology over time in various fields, including communication and transportation.
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Which of the following three types of master data are involved in the production process? a) bill of materials. b) customers. c) product routings. d) work centers. e) suppliers.
Answers
The three types of master data that are involved in the production process are bill of materials, product routings, and work centers. The correct options are a, c, and d.
The three types of master data involved in the production process are bill of materials, product routings, and work centers.
Bill of Materials (BOM): This is a hierarchical list of all the components and raw materials needed to produce a finished product. It provides information on the quantity, unit of measure, and description of each component required to make a product.Product Routings: Product routing is a list of the steps required to manufacture a product. It specifies the sequence of operations, work centers, and the time required to complete each step. It is an essential tool for scheduling production and managing resources.Work Centers: Work centers are the physical locations where production operations take place. They can be machines, workstations, or assembly areas. Work centers are associated with specific routings and are used to calculate the cost of manufacturing a product. They also provide information on capacity and utilization, which is useful for planning production.Customers and suppliers are not considered types of master data related to the production process. However, they are essential for other aspects of the business, such as sales, marketing, and procurement.
The correct options are a, c, and d.
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give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
Which of the following statements are ordinarily not correct about the sample size in statistical sampling when testing controls?
a. There is an inverse relationship between the amount of tolerable deviation rate and sample size.
b. There is a direct relationship between the expected deviation rate and the sample size.
c. There is an inverse relationship between the amount of acceptable risk of assessing the deviation rate too low and sample size.
d. A larger population requires a proportionately larger sample size.
Answers
A larger population requires a proportionately larger sample size. Population size alone does not dictate the sample size; other factors and risk considerations play a more significant role in determining an appropriate sample size. D is correct answer
The statement that is ordinarily not correct about the sample size in statistical sampling when testing controls is:
d. A larger population requires a proportionately larger sample size.
In statistical sampling, the determination of an appropriate sample size is influenced by several factors, including the tolerable deviation rate, expected deviation rate, acceptable risk, and population size. Let's examine the other statements to understand their correctness:
a. There is an inverse relationship between the amount of tolerable deviation rate and sample size: This statement is generally correct. If the auditor sets a lower tolerable deviation rate, indicating a stricter requirement for control effectiveness, a larger sample size may be necessary to achieve a sufficient level of confidence in the results.
b. There is a direct relationship between the expected deviation rate and the sample size: This statement is generally correct. If the auditor anticipates a higher expected deviation rate, indicating a higher likelihood of control failures, a larger sample size is needed to capture a sufficient number of deviations for evaluation.
c. There is an inverse relationship between the amount of acceptable risk of assessing the deviation rate too low and sample size: This statement is generally correct. If the auditor wants to minimize the risk of concluding that controls are effective when they are not, a lower acceptable risk level requires a larger sample size to provide a higher level of confidence in the assessment.
Regarding statement d, it is not correct that a larger population requires a proportionately larger sample size. Population size itself does not have a direct relationship with sample size. Instead, other factors such as the factors mentioned above (tolerable deviation rate, expected deviation rate, acceptable risk) and the desired level of confidence influence the determination of an appropriate sample size.
In summary, the statement that is ordinarily not correct about the sample size in statistical sampling when testing controls is d. A larger population requires a proportionately larger sample size. Population size alone does not dictate the sample size; other factors and risk considerations play a more significant role in determining an appropriate sample size.
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Think about a Toyota vehicle manufacturing facility that builds Camry cars from start to finish. How might the
manufacturing facility manager and employees attempt to solve problems:
. Before cars start being built down the manufacturing line?
. During the process of cars being built and moving down the manufacturing line?
. After all vehicles have been built for the day and the manufacturing line is idle?
Whoever is good with business and math can you please help me answer this im so stuck
Answers
The technique of solving problems which should be employed by the manufacturing facility manager and employees is; Before cars start being built down the manufacturing line.
Discussion:
In most manufacturing facilities like that which is described in this case;
Conceptual design is very much important prior to actual manufacture of the product. In essence, when solving problems, the manufacturing facility manager and the employees need to do so before cars start being built down the manufacturing line. Ultimately, this is to avoid design error which may render all of the products unfit for use.
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the goal of the capital budgeting decisions is to select capital projects that will decrease the value of the firm. (True or False)
Answers
The given statement "the goal of capital budgeting decisions is to select capital projects that will increase the value of the firm" is false because capital budgeting is the process of evaluating potential long-term investments or capital expenditures to determine their viability and profitability.
Companies make these investments in the hopes of generating additional cash flows that will ultimately lead to an increase in the overall value of the firm. Capital budgeting decisions are based on a number of factors including cash flow projections, risk analysis, and the cost of capital. It is important to note that not all investments will result in an increase in firm value and that companies must carefully consider the potential risks and rewards before making a final decision.
Ultimately, the goal of capital budgeting is to select investments that will provide the greatest return on investment and increase the overall value of the firm.
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Each of the following results from a protective tariff on imported wine EXCEPT (A) a higher price for imported wine. (B) an increase in government revenues from the tariff on imported wine. a short-run increase in demand for domestically-produced wine. (D) reduced employment in firms dependent on imported wine. (E) an increase in efficiency among firms producing wine.
Answers
Each of the following results from a protective tariff on imported wine EXCEPT an increase in efficiency among firms producing wine. So, the correct answer is E.
A protective tariff on imported wine can lead to all of the listed outcomes except for an increase in efficiency among firms producing wine. Protective tariffs are imposed to make imported goods more expensive compared to domestically-produced goods, in order to protect domestic industries and stimulate domestic production. As a result, the price of imported wine (A) typically increases, and the government generates additional revenues from the tariff (B). Additionally, in the short run, there is often an increase in demand for domestically-produced wine as consumers switch from imported to domestic options (C). Furthermore, firms dependent on imported wine may experience reduced employment due to the higher cost and decreased demand (D).
However, the presence of a protective tariff does not directly result in an increase in efficiency among firms producing wine. Efficiency gains typically arise from competition and market forces that incentivize firms to improve productivity, reduce costs, and innovate. While a protective tariff may shield domestic producers from international competition, it does not inherently drive efficiency improvements among those firms.
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Discuss some
of the team building activities.
How
effective is large group interventions from your point of
view?
Answers
Large group interventions can be highly effective in promoting teamwork, communication, and collaboration among a large number of individuals.
Team building activities are exercises or events designed to improve teamwork and communication among members of a group. These activities can vary widely, but some common examples include trust-building exercises, problem-solving challenges, and collaborative projects.
Large group interventions are team building activities specifically designed for larger groups of people, typically involving more than 30 participants. These interventions aim to engage a large number of individuals simultaneously and create a collective understanding and commitment towards a common goal.
In my view, large group interventions can be highly effective for several reasons:
1. Increased participation: With a large number of participants, there is a greater diversity of perspectives and ideas. This fosters active participation and engagement from a wider range of individuals, leading to a richer exchange of thoughts and experiences.
2. Enhanced communication: Large group interventions often involve facilitated discussions and interactive sessions. These activities promote open communication and encourage participants to share their opinions, concerns, and suggestions. This can lead to improved understanding, better problem-solving, and stronger relationships among team members.
3. Shared learning: Large group interventions provide an opportunity for participants to learn from one another. Through sharing best practices, success stories, and lessons learned, individuals can gain valuable insights and knowledge from their peers. This shared learning can contribute to increased innovation, improved decision-making, and better overall performance within the group.
4. Strengthened cohesion: By bringing together a large number of individuals, large group interventions can help build a sense of unity and shared purpose. Participants often develop a stronger sense of belonging and commitment to the team or organization, leading to increased motivation and productivity.
Conclusion ,Large group interventions can be highly effective in promoting teamwork, communication, and collaboration among a large number of individuals.
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what is public relations in commerce.
Answers
Explanation:
Public relations describes the various methods a company uses to disseminate messages about it's customers, employees, stockholders, suppliers or other interested members of the community.
ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan originators are instructed to refuse to accept applications from consumers who want loan amounts of less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is:
Answers
Answer:
The correct option is e. Potentially unlawful under the disparate impact theory.
Explanation:
Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:
a. Not a violation of any federal fair lending law
b. Potentially unlawful under the disparate impact theory
c. An example of disparate treatment of consumers
d. Legal if there is no discriminatory intent
e. Potentially unlawful under the disparate impact theory.
The explanation of the answers is now provided as follows:
Basically, disparate impact theory relates to the USs labor law and can be described as employment, housing, and other practices that disproportionately affect one group of persons with a protected trait over another, despite the fact that laws implemented by employers or landlords are ostensibly impartial.
For this question, despite that no discrimination may be intended, lending regulations that hurt creditworthy people who are members of a protected class may be prohibited.
The lending rules outlined in this issue, for example, could have a negative impact on younger applicants, breaking the Equal Credit Opportunity Act's (ECOA) restriction on age-based discrimination.
Therefore, the correct option is e. Potentially unlawful under the disparate impact theory.
because the cities and roads were not safe for trade, a self-sufficient economic system developed, called
Answers
The answer is Chivalry, because the cities and roads were not safe for trade, a self-sufficient economic system developed, called chivalry.
What does it mean to be a man of chivalry?He was courteous and gallant, never cursing in front of her, and was honest, fair, and nice to women. You are being very chivalrous by standing up for her, but don't you believe she is capable of speaking for herself? Gallant is a synonym.
Is there a gender role associated with chivalry?Being chivalrous is a nice gesture, but it shouldn't be assumed when entering a relationship that males will act as the main provider, guardian, and instigator. Instead, chivalry should work both ways. Chivalrous conduct is appropriate for people of both sexes.
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Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options that total $2,334, and a $500 destination charge. She read on a consumer's web site that the dealer's cost for the car is about 94% of the base price and 89% of the options price. What should davis estimate as the dealer's cost?
Answers
Terri Davis should estimate the dealer's cost to be $17,623.84.
To estimate the dealer's cost, Terri Davis needs to calculate the cost of the base price and the options separately.
Step 1: Calculate the dealer's cost for the base price:
The dealer's cost for the base price is about 94% of the base price. To find the dealer's cost, multiply the base price ($16,007) by 94% (0.94):
Dealer's cost for the base price = $16,007 * 0.94 = $15,048.58
Step 2: Calculate the dealer's cost for the options:
The dealer's cost for the options is about 89% of the total options price. To find the dealer's cost, multiply the total options price ($2,334) by 89% (0.89):
Dealer's cost for the options = $2,334 * 0.89 = $2,075.26
Step 3: Calculate the total dealer's cost:
To find the total dealer's cost, add the dealer's cost for the base price and the dealer's cost for the options, and then add the destination charge:
Total dealer's cost = Dealer's cost for the base price + Dealer's cost for the options + Destination charge
Total dealer's cost = $15,048.58 + $2,075.26 + $500 = $17,623.84
Terri Davis should estimate the dealer's cost to be $17,623.84.
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I have a question about the number 2 pencil
The number 2 pencil is the most popular and widely used pencil out there. But if it's the best pencil, then why do they call it the number 2 pencil?
I have a business idea, I want to make a company called The number 1 pencil, but i need a partner to help me.
It's important that you know good business strategies and are responsible with money. Does anyone want to help me?
Answers
Answer:
its called the number 2 pencil because first is the worst and second is the best
Answer:
lets do it :P
Explanation:
:)
questionwhich of the following would cause the short-run aggregate supply curve to shift to the right?
Answers
The short-run aggregate supply curve would shift to the right if there is an increase in productivity, a decrease in input prices, or advances in technology.
What is short-run aggregate supply curve?The short run aggregate supply curve is an upward sloping curve that depicts the number of goods and services produced at each price level in the economy. Increasing the price level causes a movement along the short run aggregate supply curve, leading to higher output and higher employment.
Cause of short-run aggregate supply curve to shift to the right
1. Increase in productivity: When productivity increases, firms can produce more output with the same level of inputs. This causes the short-run aggregate supply curve to shift to the right, as firms are willing to supply more goods and services at each price level.
2. Decrease in input prices: When input prices (such as wages or material costs) decrease, production costs for firms decrease. This enables firms to produce more goods and services at each price level, leading to a rightward shift in the short-run aggregate supply curve.
3. Advances in technology: Technological advancements can lead to more efficient production processes, allowing firms to produce more goods and services with the same level of inputs. This also results in a rightward shift of the short-run aggregate supply curve.
In summary, an increase in productivity, a decrease in input prices, or advances in technology would cause the short-run aggregate supply curve to shift to the right.
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The Red Toy Company currently uses an injection moulding machine that was purchased 2 years ago at cost RM28,000. This machine is being depreciated on simplified straight line method and has 6 years of remaining life. This machine can be sold for RM20,000 at this time. Red Toy is offered a replacement machine which has a cost of RM25,000. It would incur another RM5,000 to modify the machine for special use by the firm. The machine has estimated useful life of 6 years and estimated salvage value of RM2,000. The replacement machine would permit an output expansion and greater efficiency, so sales would rise by RM5,000 per year and operating expenses are expected to decline by RM1,200 per year. The new machine would require that inventories to be increased by RM20,000, but account payable would simultaneously increase by RM5,000. The tax rate is 28 percent and the cost of capital is 15 percent.
i. What is the project’s initial outlay? (5
Answers
The project's initial outlay is -RM5,000, which shows a cash flow a cash outflow.
What is the project's initial outlay?To calculate the project's initial outlay, we got to consider money streams related with the purchase and adjustment of the substitution machine, changes in working capital, and any rescue value from the existing machine.
Purchase of Substitution Machine:
Cost of substitution machine: RM25,000
Cost of alteration: RM5,000
Total fetched of substitution machine: RM25,000 + RM5,000 = RM30,000
Changes in Working Capital:
Increment in stock: RM20,000
Increment in accounts payable: RM5,000
Net alter in working capital: RM20,000 - RM5,000 = RM15,000 (outpouring)
Salvage Value of Existing Machine:
Sale income from existing machine: RM20,000
let's calculate the initial outlay:
Initial Outlay = Taken a toll of substitution machine + Changes in working capital - Salvage value of existing machine
Initial Outlay = RM30,000 + (-RM15,000) - RM20,000
Initial Outlay = RM30,000 - RM15,000 - RM20,000
Initial Outlay = RM30,000 - RM35,000
Initial Outlay = -RM5,000
The project's initial outlay is -RM5,000, showing a cash outpouring.
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Which of the following choices incur speculative risk?
Ο stocks
Ο fire insurance on a house
Ο options
Ο life insurance
Ο high-interest savings account
Answers
Answer: stock are speculative
Explanation:
The option given that can incur speculative risk is option a. stocks.
What is speculative risk?The likelihood that an investment won't increase in value is known as speculative risk. Speculative risks are deliberate decisions, not merely the outcome of uncontrollable events.
Stocks are therefore one of the best known investments that have speculative risk because one cannot be sure of their increment in value, or their decrease in same.
Things like options and life insurance do not have speculative risk as they are based on choices and regular payments.
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kevin owns a $100,000 medical insurance policy that has a $500 deductible and a 25oinsurance. if he has $35,000 of medical expenses, what will kevin pay?
Answers
The amount Kevin will pay $9,125 for his $35,000 medical expenses on his insurance policy.
Here are the terms mentioned in the question:
$100,000 medical insurance policy$500 deductible25% insuranceKevin has medical expenses of $35,000.Here's how to calculate how much Kevin will pay:
1. Deductible: Kevin's insurance policy has a $500 deductible. This means that Kevin must pay $500 out of his pocket before his insurance kicks in.
2. Co-insurance: Kevin's insurance policy covers 75% of his medical expenses after his deductible is paid. This means that his insurance will pay 75% of the remaining $34,500, which is $25,875.
3. Out-of-pocket maximum: Some insurance policies have an out-of-pocket maximum, which means that once a person has paid a certain amount out of their pocket, their insurance will cover all their remaining medical expenses. The question doesn't mention an out-of-pocket maximum, so we'll assume Kevin doesn't have one.
4. Total amount Kevin will pay: Kevin must pay the $500 deductible plus 25% of the remaining $34,500.25% of $34,500 is $8,625.The total amount Kevin will pay =
is $500 + $8,625 =
$9,125.
Therefore, Kevin will pay $9,125 for his $35,000 medical expenses.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
Qualification certification and credentialing personnel are part of which nims management.
Answers
The qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS
What is the meaning of nims management?NIMS means the National Incident Management System.
The management system ensures that the government, nongovernmental organizations and private sector work together to prevent, protect and respond to incidents.
However, the qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS.
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Adele got a loan for $8,000 at 12% for 24 months.
The monthly payments are $376.80.
After 15 payments, the balance is $3222.44
1.
Adele wants to pay off her loan right now. What is the interest on the final payment?
2. If she wanted to pay off the loan right now, how much would it cost (hint: use your answer from (a) to help)?
3. What would have been the total amount she would have paid if she didn't pay it off early?
4. How much money has she already paid after 15 payments?
5. How much money was saved by paying the loan off early?
Answers
In a paper manufacturing company, a machine is used to press wet fiber web into a continuous roll of paper. this machine does not create a constant pressure on wet fiber web and final sheets of papers have different thickness which is uniformly distributed between 0.004 and 0.015 inch. let x denote the thickness of the sheet of paper. determine the following: (a) mean and variance for thickness of each paper sheet. round your answer to six decimal places (e.g. 98.765432) e(x) 0.0095 83 v(x) (b) proportion of paper sheets which are less than 0.0070 inch thick. round your answer to three decimal places (e.g. 98.765) p 0.273 (c) thickness exceeded by 35 percent of the paper sheets. round your answer to four decimal places (e.g. 98.7654 thickness exceeded by 35 percent of the paper sheets is.
Answers
The thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch
A) mean and variance for thickness of each paper sheet will be 0.00084025 inch.
B) Proportion of paper sheets less than 0.0070 inch thick will be 0.27307692308.
C) Thickness exceeded by 35 percent of paper sheets will be 0.0094
(a) Mean and Variance:
The given information provides us with the probability density function (PDF) of the thickness of each paper sheet, denoted as x. From the given data, we have:
Mean (μ) = 0.0095 inch (given as e(x))
Variance (σ^2) = [(0.015 - 0.004)^2] / 12 = 0.00084025 inch^2 (calculated using the formula for variance of a uniform distribution)
Therefore, the mean thickness of each paper sheet is 0.0095 inch and the variance of the thickness is 0.00084025 square inches.
(b) Proportion of paper sheets less than 0.0070 inch thick:
To find the proportion of paper sheets that are less than 0.0070 inch thick, we need to calculate the cumulative distribution function (CDF) at x = 0.0070 inch. The CDF of a uniform distribution is given by the formula:
CDF(x) = (x - a) / (b - a), for a <= x <= b
where a and b are the lower and upper limits of the uniform distribution, respectively.
Plugging in the values, we get:
CDF(0.0070) = (0.0070 - 0.004) / (0.015 - 0.004) = 0.27307692308
Therefore, the proportion of paper sheets that are less than 0.0070 inch thick is approximately 0.273 (rounded to three decimal places).
(c) Thickness exceeded by 35 percent of paper sheets:
To find the thickness that is exceeded by 35 percent of the paper sheets, we need to find the inverse of the CDF at 0.35. In other words, we need to find the value of x for which CDF(x) = 0.35.
Using the inverse CDF formula, we get:
x = a + (b - a) * CDF^-1(0.35)
Plugging in the values, we get:
x = 0.004 + (0.015 - 0.004) * 0.35 ≈ 0.0094
Therefore, the thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch (rounded to four decimal places). Please note that rounding may introduce some error, so it's important to use the exact values in any precise calculations. Also, it's always recommended to verify the results using appropriate statistical software or consulting with a qualified statistician for accurate and reliable results.
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A(n) ________ distribution shows all possible outcomes and associated probabilities for a given event.
A) discrete
B) lognormal
C) exponential
D) probability
Answers
The final answer A) discrete. A discrete distribution shows all possible outcomes and their associated probabilities for a given event.
It is characterized by a set of distinct and separate values with specific probabilities assigned to each value. Discrete distributions are used when the event can only take on specific values, such as rolling a die or flipping a coin. The probabilities assigned to each outcome determine the likelihood of that outcome occurring.
Examples of discrete distributions include binomial distribution, Poisson distribution, and geometric distribution. These distributions are widely used in statistics and probability theory to model various real-world phenomena and make predictions based on the probabilities of different outcomes.
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choose a real or made up example of a company, and describe at least three fixed costs the company has
Answers
Answer:
Explanation:
The fixed cost remains the fixed it never be changed.
Fixed cost;
It is the cost that should be the same whether the production level increased or not.
If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators.
It is the part of the organization expense.
SalientVision Inc., a construction company, receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30% of the local labor force. In this case, which laws does the company comply with?
Answers
Hi I’m sorry I forgot to tell you that I’m gonna answer your question about the money I have to go with my grandma to get her meds and she can not be there until she probably gets home and ya
clover finance wants to increase the usefulness and accessibility of
Answers
Based on marketing and finance information, it has been revealed that Clover finance wants to increase the usefulness and accessibility of Decentralized Finance, known as DeFi.
Clover Finance is one of the major firms in the crypto currency world. They offer services that involve a blockchain system, which is carefully formulated to create more decentralized finance operations between the Polkadot and Ethereum networks.
The purpose of decentralized finance (DeFi) is to eliminate middlemen like brokers, exchangers, or banks in the l blockchains contract.
Hence, in this case, it is concluded that the correct answer is "Decentralized Finance (DeFi).
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The role of government affects entrepreneurs based on what their income is and what they would end up paying in taxes is as
an entrepreneurship
a supervisory body
one that reallocates income
a source of public good
Answers
Answer:
one that reallocates time
Explanation:
Entrepreneurs invest in their communities by contributing to the local economy and providing jobs. Many entrepreneurs create products to change the way people live in conduct business.
Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?
Answers
Answer:
1. Suppose Quantity of Apple sold in year one & two = 100Kg.
Price in year 1 = $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price * Quantity = 1.50*100 = $150
Nominal GDP year 2 = 3*100 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1 = Nominal GDP of year 1 = $150
Real GDP of year 2 = 1.50*100 = $150
Change in Real GDP = 0%
2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units
a. Nominal GDP year 1 = 1*100+1.5*100 = $250
Nominal GDP year 2 = 2*100+3*100 = $500
Percentage change in Nominal GDP = 500-250/500 * 100 = 100%
b. Real GDP year 1 = $250
Real GDP year 2 = 1*100 + 1.5*100 = $250
Percentage change in Real GDP = 0%
The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.
Percentage change in nominal GDP1. Price in year 1
Price in year 1= $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price ×Quantity
Nominal GDP 1 = 1.50×100
Nominal GDP 1 = $150
Nominal GDP year 2 = 3×100
Nominal GDP year 2 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1
Real GDP of year 2 = 1.50×100
Real GDP of year 2 = $150
Change in Real GDP = 0%
2a. Nominal GDP year 1
Nominal GDP year 1 = 1×100+1.5×100
Nominal GDP year 1 = $250
Nominal GDP year 2 = 2×100+3×100
Nominal GDP year 2= $500
Percentage change in Nominal GDP = 500-250/500 ×100
Percentage change in Nominal GDP = 100%
b. Real GDP year 1
Real GDP year 2 = 1×100 + 1.5×100
Real GDP year 2= $250
Percentage change in Real GDP = 0%
Inconclusion the percentage change in nominal GDP is 100%.
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The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.
Answers
Answer:
revenue streams, cost structure, and financing/funding
Explanation:
What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answers
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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dari had hours cut from his job so that his disposable income decreased from $59,500/yr to $51,000/yr. his consumption dropped from $46,000/yr to $40,000/yr. calculate his mps.
Answers
MPS (Marginal Propensity to Save) is the ratio of the change in savings to the change in disposable income.
In this case, the change in disposable income is: $51,000/yr - $59,500/yr = -$8,500/yr. The negative sign indicates a decrease in disposable income.
The change in consumption is: $40,000/yr - $46,000/yr = -$6,000/yr. gain, the negative sign indicates a decrease in consumption.
To calculate the MPS, we divide the change in savings by the change in disposable income: MPS = Change in savings / Change in disposable income
Since we know that the change in savings is equal to the change in disposable income minus the change in consumption, we can write:
MPS = (Change in disposable income - Change in consumption) / Change in disposable income
Substituting the values we calculated earlier, we get: MPS = (-$8,500/yr - (-$6,000/yr)) / -$8,500/yr, MPS = (-$2,500/yr) / (-$8,500/yr), MPS = 0.294 or 29.4%
Therefore, Dari's MPS is 29.4%. This means that for every dollar by which his disposable income decreases, he will save approximately 29.4 cents.
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