Respond to the following in a minimum of 175 words:
It requires time and experience for any individual to learn and perform a new task, and the same is true for organizations and businesses. For this week, explain the learning phenomenon and how it relates to cost estimation. Select one of the cost estimation methods explained in Chapter 5. Explain the importance of the method. Provide an example of how you have used this method, or could use it, in your own workplace or home.
Answers
The learning phenomenon refers to the improvement in performance and reduction in costs that occur as individuals, organizations, or businesses gain experience and knowledge in performing a particular task.
It is based on the idea that with practice and repetition, efficiency increases, mistakes decrease, and productivity improves .In the context of cost estimation, the learning phenomenon is important because it recognizes that as a task is repeated, the time and resources required to perform it tend to decrease. This can lead to more accurate cost estimates, better project planning, and improved resource allocation. One cost estimation method that relates to the learning phenomenon is the learning curve analysis. This method assumes that as cumulative production doubles, the time required to produce each unit decreases by a constant percentage. The learning curve analysis helps estimate future costs by taking into account the learning effect and the anticipated reduction in time and resources as experience is gained. For example, in my workplace, we used the learning curve analysis when estimating the production time and costs for a new manufacturing process. As we started producing more units and gained experience, we observed that the time required to produce each unit decreased. By applying the learning curve analysis, we were able to project the future costs accurately and make informed decisions about resource allocation and pricing.
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Related Questions
To be effective, a leader must understand the ________ aspects of the organization such as values, attitudes, and personalities.
Answers
Answer:
informal
Explanation:
The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.
The basic aspect of an organization such as values, attitudes and personalities must be understood to become an effective leader.
The basics values also known as core values are what serves as base to an organization structure since inception.
it is important that a leader understand the basics value of the organization such as values, attitudes and personalities to allow him to be effective because they are silent features that are abide to.
Therefore, to be effective as a leader, the basic aspect of an organization such as values, attitudes and personalities must be understood.
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Which of the following is NOT an animal rights group?
O People for the Ethical Treatment of Animals (PETA)
O Local animal rights group
O Mercy for Animals
O National Animal Interest Alliance
Answers
Answer:
National Animal Interest Alliance
Explanation:
The National Animal Interest Alliance; (NAIA) is a group or an association of different professionals dedicated to promoting animal welfare. It is a lobby group that seeks to strengthen the human-animal bond and to safeguard the rights of responsible animal owners.
PETA) is People for the Ethical Treatment of Animals ( is an international not-for-profit organization supporting animal rights. It is dedicated to ending the abusive treatment of animals.
Mercy for Animals endeavors to build a society in which all animals are treated with respect and compassion. It aims at ending cruelty to farmed animals and promoting compassionate animal feeding policies.
Answer:
pp
Explanation:
Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answers
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
Breton Woods Standards were found to be inadequate mainly because
Answers
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
which of the following is not a product cost under variable costing?
Answers
Sung owns a plumbing supply store. One of his clients, Village Plumbers, has a charge account with his store. This month Village Plumbers charged 200 feet of pipe at $0.40 per foot, 150 elbow joints at $0.75 per elbow joint, and 36 outdoor faucets at $2.49 per faucet. Sung must charge 5.5% sales tax on all items sold? What is the balance on Village Plumbers’ charge account?
Answers
Answer:
$297.66
Explanation:
The total costs of the items would be
200 feet pipe : 200 x $0.40 = $80.00
150 elbow joints: 150 x $0.75 = $112.50
36 outdoor faucets: 36 x $2.49 =$ 89.64
Total cost =$282.14
add 5.5% tax
=5.5/100 x $282.14 =$15.52
Total $297.66
The balance on Village Plumbers’ charge account =$297.66
Which of the following would qualify as a sedentary job?
Answers
there isnt anything on there
Government intervention in a modern economy is useful because:__________
Answers
Government intervention in a modern economy can help promote a more equitable and efficient market system, while also providing necessary protections and stabilizing forces to ensure the health and well-being of society as a whole.
Government intervention in a modern economy is useful for several reasons:
Addressing market failures: Government intervention can help address market failures such as externalities, natural monopolies, and information asymmetries. For example, the government can regulate emissions to address negative externalities or provide public goods such as infrastructure and education.
Reducing income inequality: Government intervention can help redistribute income and wealth through taxes and social welfare programs, which can help reduce poverty and promote social mobility.
Promoting competition: Government intervention can help promote competition in markets by preventing monopolies, regulating mergers and acquisitions, and enforcing antitrust laws.
Protecting consumers and workers: Government intervention can help protect consumers and workers by enforcing consumer protection laws, regulating workplace safety, and setting minimum wage and working conditions standards.
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In a situation where the seller negotiates a contract contingent upon being able to find a new home to purchase, who needs to be protected
Answers
The buyer needs to be protected. In a situation where the seller negotiates a contract contingent upon being able to find a new home to purchase.
A "contingent agreement" is a settlement to do or now not to do something, if some event, collateral to such settlement, does or does now not show up. example. A contract to pay B Taka 10,000 if B's residence is burnt. this is a contingent agreement. Enforcement of contracts contingent on an occasion taking place.
A contingent settlement is an agreement that states which actions under sure conditions will result in specific outcomes. Contingent contracts usually arise while negotiating events fail to attain a settlement.
In simple words, contingent contracts, are those in which the promisor carries out his obligation simplest whilst sure situations are met. The contracts of insurance, indemnity and assurance are some examples of contingent contracts.
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Why is it important for managers to pay attention to workplace attitudes? In your personal experience, is there one attitude that is more important than others? Describe the attitude and provide an example.
Answers
It is important for managers to pay attention to workplace attitude because: they play a significant role in employee engagement, productivity, and overall workplace environment.
Monitoring and addressing attitudes can help prevent conflicts, boost morale, and ensure a harmonious work environment.
Collaboration fosters a sense of teamwork and encourages employees to work together towards common goals. An example of this attitude in action is when team members openly communicate their ideas, listen to each other's opinions, and willingly contribute to the project.
This collaborative approach not only helps the team achieve their objectives efficiently but also promotes a positive work environment where employees feel valued and respected. By promoting and nurturing a collaborative attitude, managers can significantly improve workplace dynamics and overall company performance.
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at the beginning of the year, jocelyn created five goals for each manager on her staff at the best day spa and gym and she uses those goals as a way to measure their performance throughout the year. these goals are an example of
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At the beginning of the year, Jocelyn created five goals for each manager on her staff at the best day spa and gym and she uses those goals as a way to measure their performance throughout the year. these goals are an example of Controls.
What does the word "control" also mean?A few popular synonyms for control are dominion, jurisdiction, power, authority, and influence. All of these terms refer to "the right to govern or rule or determine," but control emphasizes the ability to constrain and guide. You are accountable for the pupils under your care.
Is the narrative in Control good?The reason Control's plot is so wonderful is because it features two primary characters: the protagonist Jesse Fadden and the Oldest House, which is just as vivid and alluring as a living individual.
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how to write a table of content
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The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.
a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.
After the title page, begin a new page.
List the document's headings in alphabetical order.
Include subheadings if necessary.
Give each heading a page number.
Place the information in a table.
the Table of Contents' title.
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What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Question 1 (1 point)
Walter is a seasoned sales professional who oversees a team of sellers for the Great
Lakes region. His main job functions are to motivate his sales force and develop
strategies to meet business selling goals. What sales position does Walter have?
O regional sales manager
director of sales
O vice president of sales
account executive
Answers
Walter is in Regional Sales Manager position.
Explain the objectives of sales?
1. Establish measurable sales targets and goals: Identify key performance indicators (KPIs) and set realistic, achievable targets for sales to be achieved.
2. Analyze customer data: Use customer data to understand customer needs and preferences, develop customer segmentation strategies, and identify opportunities to increase sales.
3. Develop marketing strategies: Develop marketing strategies and plans that include promotional activities, pricing strategies, and other tactics to drive sales.
4. Lead sales team: Lead the sales team by setting clear expectations, providing training, and monitoring performance.
5. Monitor and adjust: Monitor sales performance and adjust strategies and tactics to improve results.
6. Manage customer relationships: Build strong, long-lasting relationships with existing customers and nurture relationships with potential customers.
Walter oversees a team of sellers for the Great Lakes region, and his main job functions are to motivate his sales force and develop strategies to meet business selling goals. This indicates that he has a managerial role, which is typically associated with the Regional Sales Manager position.
Therefore, Regional Sales Manager is the correct answer.
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State any two merits of this form of public sector Enterprises.
Answers
Answer:
Obama had 7 candidates for the first time in a few weeks to get back to the police to get back to their head
What is the mid-range (average)
code letter value for a 230V three-
phase 10hp motor with a code letter
G marked on the motor nameplate?
A) 5.600 kVA
B) 6.290 kVA
C) 5.945kVA
D) 7.990kVA
Answers
what will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?
Answers
When has the company taken proactive steps to prevent misconduct when it has identified a violation Penalties or fines are reduced. When creating an annual budget, few people think about how to prevent unethical behavior in the workplace.
When creating an annual budget, few people think about how to prevent unethical behavior in the workplace. According to a report to the Association of National Chartered Fraud Examiners (ACFE), a typical company could expect to lose 5% of his annual revenue to fraud. Corruption has always been the most pressing concern for large businesses, while small businesses face check manipulation, skimming and payroll fraud more frequently. Despite these differences in fraud techniques, the study found that the median loss of $120,000 reported varies little by company size. Just as employees are susceptible to gradual ethical erosion, they are equally open to positive influence. Research has shown that “nudges” in the right direction such as, for example, by signing a document confirming the legitimacy of a mileage fee just prior to actually submitting the mileage number, can unwittingly encourage employees to make more money.
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Mining Companies have a major role to play in facilitating and promoting the culture of equality and therefore eliminating Gender based violence from the workplace and communities that host/ border mining project developments. a) What are some of the reasons that you believe gender based violence has become so prevalent on mining sites and in surrounding communities. (5 marks) b) During the screening phase of an EIA project in Guyana concerns were raised by villagers in the area about "Increased incidences of sexual exploitation of indigenous women and young girls by people who have come into the communities to work for the company."
Answers
Gender-based violence has become prevalent on mining sites and in surrounding communities due to a combination of factors such as male-dominated work environments, social and economic inequalities, lack of awareness and education, limited access to support services, and a culture of impunity.
Gender-based violence on mining sites and in surrounding communities can be attributed to several reasons. Firstly, the mining industry is historically male-dominated, with a significant gender imbalance in the workforce. This power dynamic can perpetuate harmful attitudes and behaviors towards women, leading to increased incidents of violence.
Secondly, mining projects often bring rapid social and economic changes to communities, resulting in unequal power dynamics and social tensions. These changes can disrupt traditional gender roles and exacerbate existing gender inequalities, making women and girls more vulnerable to violence.
Thirdly, the lack of awareness and education about gender issues and violence prevention contributes to the prevalence of gender-based violence. Limited knowledge about consent, healthy relationships, and gender equality can perpetuate harmful norms and behaviors.
Furthermore, the remote locations of many mining sites can limit access to support services and justice systems. This lack of resources and infrastructure can prevent survivors from seeking help and perpetrators from being held accountable, perpetuating a culture of impunity.
Lastly, the overall culture and norms within the mining industry and surrounding communities play a significant role. If there is a lack of commitment from mining companies to prioritize gender equality, enforce policies against violence, and promote a safe and inclusive work environment, it can contribute to the prevalence of gender-based violence.
In conclusion, gender-based violence on mining sites and in surrounding communities is a complex issue influenced by multiple factors. Addressing this problem requires a comprehensive approach that involves creating gender-inclusive work environments, promoting education and awareness, strengthening support services, and holding perpetrators accountable. By actively working towards equality and addressing the root causes of violence, mining companies can play a crucial role in eliminating gender-based violence from their workplaces and the communities they operate in.
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I need some help on this please. Question is down below.
Answers
what is it called when the government uses some tool other than money to allocate goods?
A. rationing
B. supply management
C. disequilibrium
D. resource allocation
Answers
Its rationing easily
Consider an economy made up of 100 people who are sixteen years of age and older, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is _____.
Answers
Answer:
Labor force= 70
Explanation:
Giving the following information:
Consider an economy made up of 100 people:
60 of whom hold jobs
10 of whom are looking for work
15 of whom are retired
The labor force is the number of people of age 16 or more that are working or actively looking for one.
Labor force= 60 + 10
Labor force= 70
All of the following actions lead to the payment of a credit card fee EXCEPT... Using your credit card to get cash from an ATM. Using your credit card to purchase items in a foreign country. Paying your credit card bill ten days after the Due Date. Paying your credit card bill in full and on time every month.
Answers
Answer:
Paying your credit card bill in full and on time every month.
Explanation:
The other choices will most likely prompt a fee to be charged.
The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table, and then calculate the annual inflation rate for each year (not including the base year).
Instructions: Round your answers to 2 decimal places.
Answers
Answer:
Year Nominal wage Real wage Price level Inflation rate
1 $7 $5 140 Nil
2 $9 $6 150 7.14 %
3 $12 $7.5 160 6.67 %
Explanation:
Note: The table for the question is attached as picture
Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100
Price level in Year 1 = ($7.00 / $5.00) * 100
Price level in Year 1 = 1.4 * 100
Price level in Year 1 = 140
Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.
Real wage in Year 2 = ($9.00 / 150.00) * 100
Real wage in Year 2 = $6
Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.
Nominal wage in Year 3 = ($7.50 * 160) / 100
Nominal wage in Year 3 = $1,200 / 100
Nominal wage in Year 3 = $12
Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.
Inflation rate in Year 2 = (150 - 140) / 140
Inflation rate in Year 2 = 10 / 140
Inflation rate in Year 2 = 0.0714
Inflation rate in Year 2 = 7.14 %
Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.
Inflation rate in Year 3 = (160 - 150) / 150
Inflation rate in Year 3 = 10 / 150
Inflation rate in Year 3 = 0.0667
Inflation rate in Year 3 = 6.67%.
Price level in year 1 , Real wages in year 2 , Inflation rate in year 2 and Nominal wages in year 3 are 180, 8, 11.11% and 18 respectively.
Inflation based problem:Missing information is given in the picture below.
Computation:
Price level in year 1 = [NW / RW]100
Price level in year 1 = [9 / 5]100
Price level in year 1 = 180
Real wages in year 2 = NW[100 / Price level in year 2]
Real wages in year 2 = 16[100 / 200]
Real wages in year 2 = 8
Inflation rate in year 2 = \(\frac{Price\ level \ in \ year 2 - Price\ level \ in \ year 1}{Price\ level \ in \ year 1} \times 100\)
Inflation rate in year 2 = \(\frac{200-180}{180} \times100\)
Inflation rate in year 2 = 11.11%
Nominal wages in year 3 = \(\frac{Real \ wages \times price \ level \ in \ year 3}{100}\)
Nominal wages in year 3 = \(\frac{7.50 \times240}{100}\)
Nominal wages in year 3 = 18
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To find the present value of a cash flow expected to be paid or received in the future, you will the future value cash flow by (1+r)". What is the value today of a $12,000 cash flow expected to be received eight years from now based on an annual interest rate of 6%? $7,529 $11,670 $6,023 $19,126
Answers
The approximate present value of a future cash flow of $12,000 expected to be received in eight years, considering an annual interest rate of 6%, amounts to approximately $7,529. As a result, option A) $7,529 is the correct answer.
Present value (PV) refers to the current value of an expected income or cost stream, calculated at the valuation date. It involves discounting future cash inflows to their present value using a discount rate. This process is known as discounting.
The formula for calculating present value is expressed as follows:
The present value (PV) is obtained by dividing the future value (FV) by the factor of (1 + r)^n, where r represents the interest rate and n represents the number of years.
In this scenario, we can calculate the present value of a future cash flow of $12,000 that is expected to be received in eight years, taking into account an annual interest rate of 6%.
PV = $12,000 / (1 + 0.06)^8
PV = $12,000 / 1.5938
PV = $7,529 (Approximately)
Therefore, the approximate present value of a future cash flow of $12,000 expected to be received in eight years, considering an annual interest rate of 6%, amounts to approximately $7,529. As a result, option A) $7,529 is the correct answer.
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Q2: Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and
Answers
a. Reject water quantity would be 0.8735 times the total water usage. b. The TDS content of the reject water is 390.16 ppm .c. $1.14 money throw away in their reject stream. d. treated and put to use for a variety of things
Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water for their beer production. They mix the RO water with fresh Tucson water to achieve the desired total dissolved solids (TDS) content for brewing. Given the TDS levels of the feed water, RO water, and desired brewing water, the following calculations can be made to determine the total water usage, reject water sent to the sewer, and the TDS content of the reject water.
a) To determine the total water usage and reject water quantity, we need to calculate the amount of RO water and fresh Tucson water used. Since they need 14 bbls of water per day, the total water usage would be 14 bbls. The reject water produced by the RO system is 87.35% of the feed water, so the reject water quantity would be 0.8735 times the total water usage.
b) The TDS content of the reject water can be calculated by multiplying the TDS level of the feed water (419 ppm) by the concentration factor (87.35) and dividing it by the sum of the concentration factor and 1 (87.35 + 1). This calculation yields a TDS content of the reject water of approximately 390.16 ppm.
Therefore, Pueblo Vida Brewing uses a total weight of 1636.9 kg of water per day, with 47475.75 kg of reject water sent to the sewer.
c) The daily volume of water rejected is 379.01 litres, or 0.37901 cubic metres. Water price per m3 is $3.00. Daily cost of rejected water is $3.00 multiplied by 0.37901 m3/day, or $1.14.
d) Rejected water may be treated and put to use for a variety of things. In the industrial, it can be utilised for cooling reasons. As an alternative, the business can sell it to other sectors of the economy that need water for their operations. The business may also utilise this water to irrigate grass or plants outside the building.
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The Complete question is
2) Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and total dissolved solids (TDS) in the inlet water can have an impact on the flavor. The feed water to PVB from the city of Tucson has TDS about 419 ppm by mass. The RO unit produces water that has a TDS level of 53 ppm by concentrating the rejected TDS in a stream that is 87.35 of the feed water. To brew beer, they can actually have a TDS content of 150 according to Charlie Border, one of their brewers. Since they cannot run the RO unit at a lower level, they mix fresh Tucson water back into the RO water after it is produced. If they are making a brewing batch that requires 14 bbls of water/day:
a) How much total water do they use and how much reject water would they send to the sewer in a day, in kg/day?
b) What is the TDS content of the reject water, in ppm?
c) How much money do they throw away in their reject stream per day, if they were to dump the water?
d) What could they do with this water?
The Golden Rule means to treat others the way you want to be treated. This should prevent you from being rude, ugly, mean, dishonest, lazy, disloyal or dishonorable. True False
Answers
Answer:
True
Explanation:
You should always treat others the way you want to be treated. If you were the one who could be treated badly, would your actions be different?
Have a nice day!
(Equation for simple interest) Find the value of I given that p = 400, r=0.13, and t = 2 1= Ņ
Answers
To find the value of I (interest), we can use the formula for simple interest: I = p * r * t, where p represents the principal amount, r is the interest rate, and t is the time period. In this case, p = 400, r = 0.13, and t = 2.
By plugging in these values into the formula, we can calculate the value of I.The formula for simple interest is given by I = p * r * t, where I represent the interest, p is the principal amount, r is the interest rate, and t is the time period.In this case, we are given p = 400, r = 0.13, and t = 2. To find the value of I, we can substitute these values into the formula:
I = 400 * 0.13 * 2
I = 104
Therefore, the value of I (interest) is 104.
The formula for simple interest allows us to calculate the amount of interest earned or paid on a principal amount over a specific time period. It is a straightforward calculation that considers the principal, interest rate, and time. In this case, with a principal of 400, an interest rate of 0.13, and a time period of 2, we find that the interest earned is 104. This means that over the given time period, the borrower or investor would earn 104 in interest on the principal amount of 400.
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Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage. What is the best thing she can do to improve her creditworthiness
Answers
Answer: She should pay down both her student loan and the credit card debt
Explanation:
From the question, we are informed that Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage.
The best thing she can do to improve her creditworthiness is for her pay down both her student loan and the credit card debt. This would help her to increase her creditworthiness.
Answer:
B) She should pay down her student loan and credit card debt.
Explanation:
edge 2021
Indra Nooyi is not a typical CEO. How does she differ from your idea of what a typical CEO is like? How do you think your current image of CEOs was created?
Answers
Indra Nooyi is not a typical CEO in several ways. Firstly, she is a woman, which is still a rarity in the world of corporate leadership.
Secondly, she has been very vocal about the importance of balancing business objectives with social responsibility and sustainability, which is not always a top priority for many CEOs. She has also been known for her focus on employee welfare and development, which is not always seen as the most important aspect of business success by some CEOs. My current image of CEOs is likely shaped by media portrayals, as well as by the actions and statements of high-profile CEOs who have made headlines in recent years. The increasing scrutiny and criticism of corporate behavior and ethics may have also influenced my perception of what a typical CEO is like.
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1. If you were going to buy a fuel-efficient car, which three would you consider? Why? Answer:
Answers
Answer:
Ford Fusion, Toyota Corolla and BMW i3
Explanation:
Fuel economy and fuel efficiency is one of the most important thing to consider when buying a car.
In United States, nearly 8 thousand gallons of petroleum are consumed by cars everyday. This cost a lot to the people's purse and most importantly it costs the atmosphere.
When we burn or use more fuel, the atmosphere gets more polluted by the exhaust of the fuel burning, and the world oil supply is depleting faster. This results in the rise of gasoline price. Thus, it is very necessary to plan before buying cars.
I would consider the cars Ford Fusion, Toyota Corolla and the BMW i3 while planning to buy a car because they are the most fuel efficient cars available in the U.S. They are also equipped with latest technology like cruise control which reduces the fuel consumption of the car.
The 2020 Ford fusion is a 6 speed automatic front wheel drive which gives the best driving experience and less energy wastage.