Distinguish between explicit and implicit costs, giving examples of each. What are the explicit and implicit costs of attending college? Why does the economist classify normal profit as a cost? Is economic profit a cost of production?

Answers

Answer 1

When analyzing costs, economists often distinguish between two types of costs, explicit and implicit costs.

Explicit costs are direct, out-of-pocket expenses that businesses and other organizations pay in order to conduct their operations. For example, the cost of labor, rent, and raw materials would all be considered explicit costs. Implicit costs are indirect, opportunity expenses that firms incur as a result of utilizing resources for their business rather than for their next best alternative. It is the value of resources used for one purpose that could have been used for another. The opportunity cost of investing in a business, for example, would be the implicit cost of not investing in alternative options.

The explicit costs of attending college are the direct expenses that students must pay to attend classes, such as tuition fees, books, and other supplies. Implicit costs include the opportunity cost of not working and not earning a salary during the time spent attending classes.

Normal profit is the minimum return required to keep a business operating, given the opportunities available to it. In other words, it is the amount of revenue required to cover all explicit and implicit costs. Because it is required to continue operating a business, economists classify normal profit as a cost.

Economic profit is the difference between total revenue and total cost (explicit and implicit). Economic profit may be positive or negative, depending on the magnitude of the costs involved. Therefore, economic profit is not classified as a cost of production but rather as a measure of business performance.

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Related Questions

Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie

Answers

The total liabilities of the Chester corporations as on July 31st will be $99,775.

What are total liabilities?

The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.

Using the given information in the formula below, we get,

\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)

Thus, the total liabilities of Chester Corporation is computed as $99,775.

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Type a paragraph explaining how you have shown initiative in the past. Use proper grammar, spelling, and punctuation.

Answers

Answer: Your previous place of work or employment. A specific instance where you showed initiative. How your initiative impacted yourself or the company.

Explanation:

Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”

A. No, there is not an error.

B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.

C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.

D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.

Answers

Answer:

Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.

Or

No, there is not an error.

Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.

What is insurance policy?

An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.

Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.

But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.

Thus, option C is correct.

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The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False​

Answers

Answer:

False.

Explanation:

After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.

And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.

But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".

Thus, the correct answer is false. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.

Lawn Express bought a delivery truck on January 1st 2020. The following are the details: Truck cost: $70,000 Residual Value: $10,000 Useful Life years: 5 Estimate Useful Miles: 50,000
If Lawn Express uses the straight-line method of depreciation what is the Book Value at the end of two years on December 31, 2021? A. $40,000 B. $38.000 C. 546,000 D. $42.000

Answers

The B. $38,000, To calculate the book value at the end of two years, we need to first calculate the annual depreciation expense using the straight-line method.

Annual depreciation = (Truck cost - Residual value) / Useful life in years

Annual depreciation = ($70,000 - $10,000) / 5

Annual depreciation = $12,000

Next, we need to calculate the accumulated depreciation at the end of two years:

Annual depreciation times the number of years equals accumulated depreciation.

Accumulated depreciation = $12,000 x 2

Accumulated depreciation = $24,000

Finally, we can calculate the book value at the end of two years:

Book value = Truck cost - Accumulated depreciation - Residual value

Book value = $70,000 - $24,000 - $10,000

Book value = $36,000

1. First, determine the total amount of depreciation over the useful life of the truck. To do this, subtract the residual value from the truck cost: $70,000 - $10,000 = $60,000.

2. Next, calculate the annual depreciation expense by dividing the total depreciation by the useful life in years: $60,000 / 5 years = $12,000 per year.

3. Then, calculate the total depreciation for two years: $12,000 per year * 2 years = $24,000.

4. Finally, find the Book Value at the end of two years by subtracting the total depreciation from the truck cost: $70,000 - $24,000 = $40,000.

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Deflation:_____.
a. can cause budget surpluses.
b. can lead to increased output.
c. does not affect output.
d. can lead to decreased output.

Answers

Deflation can lead to decreased output .  

Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.            

Deflation can lead to decreased output in a way that the demand of goods is way too high therefore the purchasing power is elevated. And the prices of goods is also lower.

Additionally, manufacturers may get skeptical about producing goods due to the low prices for the goods that affect them.

Although, it may seem like the fact that prices are lower is good, deflation can drastically affect the economy and lead into recession and depression.

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Kamal, Kamala, Krishna invert a sum of RS= 30,000 on a business in the ratio 2 : 3 : 5. Find the each of their investment.​

Answers

Answer:

3000kamal

9000kamala

15000krishna

Explanation:

let the unknown investment be x

now

2x+3x+5x=30000

10x=30000x

x=30000/10

x=3000

again;

2x=2×3000=6000

3x=3×3000=9000

5x=5×3000=15000

wise it is correct

Answer:

Kamal

2×30000÷10 = 6000

Kamala

3×30000÷10= 9000

Krishna

5×30000÷ 10= 15000

Explanation:

Kamal _ RS = 6000

Kamala _RS =9000

Krishna _RS=1,5000

The demand for money curve shows that there is an inverse relationship between interest rate and
A.quality of money supplied
B. Price level
C. Gross domestic products
D.quantity of money demanded

Answers

Answer:

D.quantity of money demanded

Explanation:

Demand for money refers to the people's preference to hold liquid assets and opposed to physical assets. People demand money for immediate purchases or to store to spend it later. The demand curve for money demonstrates the inverse relationship between the quantity demanded of money and the interest rate. The curve slope downwards from the top right corner illustrating how demand increases as interest rates decline.

On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000

Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.

Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.

Answers

The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:

In 2021:

Debit: Development Costs (asset account) - $2,200,000

Credit: Cash - $2,200,000

In 2022:

Debit: Development Costs (asset account) - $1,200,000

Credit: Cash - $1,200,000

The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.

In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.

In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.

It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.

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A target market is a group of customers that a business decides to aim its marketing efforts and ultimately its products on.


True

False

Answers

A target market being a group of customers that a business

decides to aim its marketing efforts and ultimately its

products on is True.

What are Products?

These are the goods and services a company offers to the

public in order to take care of certain problems and also ensure

that profit is made in the organization.

Target market are the group of people in which the products

are made for. For example, a sanitary pad's target market is

females.

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true

Explanation:

noballs

Who determines consumer credit scores?

Answers

Consumer credit scores are determined by credit reporting agencies, also known as credit bureaus.

These agencies collect and analyze financial information about individuals, evaluate their creditworthiness, and assign them credit scores. The most common credit scoring models used by credit bureaus are FICO® Scores and VantageScore. In the United States, three major credit bureaus play a significant role in determining consumer credit scores: Experian, Equifax, and TransUnion. These agencies gather data from various sources, including lenders, credit card companies, and public records. They compile this information into credit reports, which contain details about an individual's credit history, payment patterns, outstanding debts, and other relevant financial factors.

Based on the data in the credit reports, credit bureaus calculate credit scores using specific algorithms and scoring models. These models consider various factors, such as payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries. Each credit bureau may use slightly different methods and factors to calculate scores, leading to slight variations in scores across different credit bureaus. It's important to note that credit bureaus do not determine lending decisions themselves; they provide credit scores and reports to lenders and financial institutions who use this information as part of their evaluation process when making lending decisions. The credit score serves as a measure of an individual's creditworthiness and is often considered by lenders to assess the risk associated with extending credit or loans to consumers.

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Low-income children given two hours of music instruction in orchestras and ensembles showed greater changes than control groups in which aspects of brain development?

Answers

Better synchronization of sensory and motor information, as well as executive functions across the left and right hemispheres, are related to faster development of auditory processing and white matter connections are some of the changes shown in brain development.

The prefrontal cortex develops mostly during adolescence and is fully developed by the time a person is 25 years old. The development of the prefrontal cortex is essential for sophisticated behavioral performance and orchestra because it aids in executive brain tasks.

The context takes into account the variables that affect development, such as the critical times for brain development and growth. adversity, trauma, opportunity for growth, deliberate skill development, parental responsiveness and sensitivity, and mindfulness. Most children progressively learn how to arrange objects so they can count more precisely.

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last year, jarod left a job that pays $80,000 to run his own bike repair shop. jarod’s shop charges $65 for a repair, and last year the shop performed 4,000 repairs. jarod’s production costs for the year included rent, wages, and equipment. jarod spent $60,000 on rent and $120,000 on wages for his employees. jarod keeps whatever profit the shop earns but does not pay himself an official wage. jarod used $25,000 of his savings to buy a machine for the business. his savings were earning an annual interest rate of 6 percent.

Answers

The accounting profit of Jarod based on the information regarding rent, wages, etc given will be $55000.

It should be noted they the formula for calculating accounting profit will be:

= Total revenue - Explicit cost

Total revenue will be:

= $65 × 4000

= $260,000

Explicit cost is the direct cost that a business spends. This will be:

= $60000 + $120000 + $25000

= $205,000

Therefore, the accounting profit will be:

= $260000 - $205000

= $55,000

The accounting profit is $55000.

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You meet with your manager for a performance review. The manager previously gave you an objective rubric that they would be using for this review. It is likely that your manager ascribes to ______ leadership.
A) Authoritarian.
B) Dmemocratic.
C) Laissez-faire.
D) Theory X.

Answers

There are different kinds of leadership. It is likely that your manager ascribes to democratic leadership.

What is a democratic leadership ?

Democratic leadership is known to be a kind of balances decision-making work that exist between the group and the leader.

Democratic leadership is said to be also known as participative leadership or shared leadership.

Here, the leadership style is one where the members of the group often take a participative role in the decision-making acts.

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former business partners who live in different countries are seeking resolution to a disagreement over how to liquidate their company's assets. which conflict resolution process is the best for this particular conflict? a.) collaborative law b.) conciliation c.) shuttle diplomacy d.) mediation

Answers

The conflict resolution process that is best for this particular conflict is shuttle diplomacy.

What is conflict resolution?

The strategies and procedures used to facilitate the amicable resolution of conflict and retaliation are referred to as conflict resolution. Committed group members actively communicate with the rest of the group about their opposing ideologies or motives (such as goals or reasons for having particular beliefs) in an effort to settle group issues. They also engage in collective negotiation. Usually, the dimensions of conflict and the dimensions of resolution are processed in simultaneously. With their views, perspectives, understandings, and attitudes, disputants interpret and perceive the disagreement cognitively. The emotional energy of a disagreement is expressed in the way parties to it feel. The way the disputants behave and act is reflected in behavioral resolution.

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In the last paragraph, you need to compare your
country's government with what you know about the US
government.
Write your final paragraph in this space.

Answers

The government of my country is vastly different from the US government. In my country, the government is a unitary system, meaning that the power and authority are concentrated in a central government.

What is the comparison of our country's government with what you know about the US government?

Our government is a constitutional monarchy, with Queen Elizabeth II as the Head of State. The government is headed by a Prime Minister who is chosen by the majority party in the House of Commons. The US government is a federal republic, with the President as the Head of State. The government is headed by the President, who is elected by the people in a general election. Both governments have a bicameral legislature, consisting of an upper and lower house. Both countries have a system of checks and balances, where the executive, legislative, and judicial branches are equal. Additionally, both countries have a judicial system to uphold the rule of law. However, the US is a republic and the UK is a monarchy, so there are some differences in terms of how their respective governments are organized.

So, These were the comparison of our country's government with what you know about the US government.

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if you invest $4,500 in a bank certificate of deposit that pays you 3.75% compounded continuously, how much will you have in 30 months?

Answers

The 30 months your investment of $4,500 in a bank certificate of deposit with continuous compounding at a 3.75% annual interest rate $4,944.90.

To calculate the amount in 30 months with continuous compounding,  use the formula for compound interest:

A = P × e²(rt)

Where:

A = the future amount

P = the principal amount (initial investment)

e = the base of the natural logarithm (approximately 2.71828)

r = the annual interest rate (as a decimal)

t = the time period in years

Let's calculate the future amount for your investment:

P = $4,500

r = 3.75% = 0.0375 (as a decimal)

t = 30 months = 30 / 12 = 2.5 years

A = $4,500 × e²(0.0375 × 2.5)

Using a calculator, evaluate the exponential term and find:

A ≈ $4,500 ×e²(0.09375)

A ≈ $4,500 × 1.098667

A ≈ $4,944.90

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In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)

Answers

In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.

1. Temperature Sensors:

Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.

2. Occupancy Sensors:

Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.

3. Humidity Sensors:

Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.

4. Carbon Monoxide Sensors:

Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.

5. Light Level Sensors:

Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.

6. Pressure Sensors:

Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.

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12. ………… you there when the fire broke out ?
1) Are 2) Were 3) Will 4) Did

Answers

Answer:

Were

Explanation:

Have a good day

Hope I helped

Answer:

were

Explanation:

third person plural

Which sentences identify the advertising objectives of a business?


An ice cream business ran into trouble when news of a possible contamination reached its consumers. After a consumer uproar over negligence, the company decided to restore its credibility with the help of public relations. It released statements to the media about its strict regulated processes and also refuted rumors of contamination. It decided to target a market between ages five and fifteen to help position the product as child friendly and establish it as safe to consume. The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals. However they did not reduce prices, as reducing prices would be met with suspicion. Frequency of the advertised commercial was increased in order to increase recall among consumers. This proved effective, as within a few months there was no further drop in sales and sales slowly started gaining momentum

Answers

The sentences that identify the advertising objectives of the business are: - The company decided to target a market between ages five and fifteen to help position the product as child-friendly and establish it as safe to consume.

- The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals.

- Frequency of the advertised commercial was increased in order to increase recall among consumers.

These sentences show that the advertising objectives of the business were to establish the product as safe for children, gain credibility and boost sales, and increase consumer recall through increased advertising frequency.

Here's another set of sentences that identify advertising objectives:

A new car company wants to launch its first electric vehicle in the market and wants to create awareness about the brand and the product. The company decides to launch a print and online advertising campaign targeting eco-conscious consumers who are interested in technology and innovation.

A fashion brand wants to launch its new line of clothing for young adults. The objective of the advertising campaign is to create awareness about the brand and the new line, generate buzz on social media platforms, and drive traffic to the brand's website and physical stores. The company decides to use influencer marketing and social media advertising to reach its target audience.

A fast food chain wants to promote a new menu item and increase sales. The objective of the advertising campaign is to create awareness about the new item and persuade customers to try it out. The company decides to use TV commercials, billboards, and social media advertising to reach a large audience and promote the product's unique features and benefits. The company also offers discounts and promotions to incentivize customers to try the new item.

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Tim Wrench was leading the client services division of AmWeb for seven years when he was asked to move to another region where the company was setting up its office. Before moving, Tim was asked to help in finding a successor for him from his team. Tim's most obvious choice was Judy Judge, and the management accepted his choice as Judy was a popular person across the company. Judy was known for her vivacious nature, was often seen speaking to employees from various divisions, and was always excited to take up a new opportunity. Once she became a leader, she continued to give employees freedom and flexibility even if it resulted in deficiencies on the work front like missed deadlines or low quality. Judy's initial weeks as a leader were full of confusion among her team members, but many felt that the situation would come under control. When things did not improve in the next two months and many complaints poured in from clients, the management realized that Judy was not the best candidate to lead the team. Which of the following, if true, would best explain this outcome?
A. Judy was a high-performing employee and enjoyed good relationships with everyone on the team.
B. Everyone felt Judy was given insufficient time to prove her worth as a leader.
C. Research has shown that traits can predict the emergence of a leader, but not his or her efficiency as a leader.
D. The client complaints were a common thing encountered by the company.
E. Judy demonstrated low levels of consideration and high levels of task-orientation.

Answers

D) the client complaints were a common thing encountered by the company

The option that is true to explain the outcome is the client complaints were a common thing encountered by the company. Thus, option D is correct.

What is complaints?

A complaint is any legally recognized document that lays forth the facts and legal grounds that the filing party or parties think are adequate to sustain a claim against by the or parties against whom a claim is lodged, entitling the plaintiff to a remedy.

A successful complaint usually consists of three steps: describing the situation, expressing your thoughts, and requesting action. The first step is to describe the issue. To accomplish it properly, you must use courteous and respectful words.

Customer complaints occur when a company fails to deliver on its promises and fails to satisfy the customer's expectations in terms of product or service. Clients are the most important component of every business. Hence, option D is correct.

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Variation around an ideal/mean target specification is generally caused by a combination of common and special (assignable) causes. Yes or No

Answers

Yes. Variation around an ideal or mean target specification is generally caused by a combination of common and special causes. Common causes refer to sources of variation that are inherent to the system and are present in the normal operation of the process.

They are typically random and affect the entire process uniformly. Special causes, on the other hand, are assignable and result from specific events or factors that are not part of the normal process variation. Special causes can be identified and addressed individually.

The presence of both common and special causes of variation highlights the need for effective process control and improvement. Common causes can be reduced by implementing statistical process control techniques, such as control charts, to monitor and understand the inherent variability.

Special causes, once identified, can be investigated and eliminated through root cause analysis and appropriate corrective actions. By recognizing and addressing both common and special causes, organizations can work towards reducing variation and achieving a more consistent and reliable process performance.

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If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?

Answers

If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.

$1 + $2 = $3

A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.

The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.

Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.

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According to the OOH, what educational, training, certification, or licensing requirements do Physicians and Surgeons need? Check all that apply.

medical school
volunteer work
internship and residency program
a public-speaking certification
license

Answers

Answer:

There are actually 3 answers to this question.

A. medical work

C. internship and residency program

E. license

Hope this helps :)

Explanation:

The U.S. Bureau of Labor Statistics, the educational, training, certification, or licensing requirements for Physicians and Surgeons include:

Medical school:

Internship and residency program

License

The correct options are A, C, and E.

What is the difference between being a licensed and certified PA?

Even while some jurisdictions define certification as having governmental authorization to perform a profession, the distinction between licensing and certification really only refers to the difference between governmental regulation and self-regulation of a field.

Physicians and Surgeons typically need a Doctor of Medicine (M.D.) or Doctor of Osteopathic Medicine (D.O.) degree from an accredited medical school.  After completing medical school, physicians and surgeons typically complete an internship and residency program that lasts 3 to 7 years, depending on the specialty.

Physicians and Surgeons must be licensed in the state where they practice medicine. To obtain a license, they must pass a state-specific exam and meet other requirements, such as completing continuing education courses.

Thus, the ideal selections are options A, C, and E.

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an individual's degree of risk of being sued civilly, in both an individual capacity, as well as a professional capacity, is referred to as

Answers

When someone is giving a gift, they are considered to have personal capacity if they are not currently engaged in (or seeking to engage in) any activity requiring local government discretion and do not have any immediate plans to do so.

In law, the concept of individual capacity refers to one's status as a natural person, separate from any other role. For instance, when an officer, employee, or agent of a corporation capacity acts "in their individual capacity," they are not acting as the corporation's agent but rather as the government individual. The likelihood that a person or business will go to court is known as litigation risk.

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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.

Answers

A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.

A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.

The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.

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The ____________ is the external pool of candidates from which we draw recruits for open positions. A. society B. labor market C. career fair D. social media site E. None of the above

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The labor market is the external pool of candidates from which we draw recruits for open positions.

In this case option B is correct

The external pool of job seekers available in a specific region or industry is referred to as the labor market. When a company has a job opening, it might search the labor market for qualified applicants.

People who are actively looking for work as well as those who are employed but may be open to new opportunities can both be found in the labor market. The pool of workers in a given industry or region who are looking for work or who are employed but open to new opportunities is referred to as the labor market.

The labor market can be divided into segments based on a number of variables, including occupation, experience level, education, and skills. Employers typically search the labor market for candidates before hiring them.

In this case option B is correct

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Productivity refers to the degree to which an organization can achieve its ends at a low cost.
a. true
b. false

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Productivity refers to the degree to which an organization can achieve its ends at a low cost. False

productivity refers back to the combination of the effectiveness and efficiency of an agency whilst the diploma to which an employer can gain its ends at a low price is called performance.

mixture productivity is a. the productiveness achieved by way of a unit or branch inside an agency. b. the total stage of productivity accomplished through a country.

production performance is a measure that describes the situations to produce items at the lowest viable value. this doesn't simply keep in mind the number of gadgets produced, but additionally how waste is minimized within the method.

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Write any five methods of getting information of foreign employment and discuss any one of them.​

Answers

Answer:

May it will help you

Explanation:

1) Notice board

2) Book of introduction

3) Institutions work working under the ministry of labour

4) Authority of human resources

5) Manifestos of training institutions

6)Web site

7) Newspapers

8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.

They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.

9)Radio and television

Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.

Who is Foreign employment?

Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.

Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.

Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television

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9. Which of the following can demagnetize a magnet?
(A). Hanging it North-South direction (D). Heating and hammering it
(B). Using it in dynamo
(E). Using it in radio speaker
(C). Putting it in water

Answers

Answer:

option D is correct.....
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