the short-run aggregate supply curve is and the long-run aggregate supply curve is . a. vertical; horizontal b. upward sloping; vertical c. vertical; upward sloping d. upward sloping; horizontal g

Answers

Answer 1

The concept is a Supply curve, a graph showing how a change in the price of a good affects the quantity supplied. The answer is negative slope option B.

The supply curve is sloping because as prices rise, suppliers can justify producing at higher marginal costs as long as MC < PQ

The supply curve is a graphical representation of the correlation between the cost of a good or service and the quantity supplied over a period of time. Changing the number of merchandisers in an assiduity changes the volume available at each price and thus the force.

An increase in the number of sellers offering a good or service shifts the supply curve to the right; Decreasing the number of sellers shifts the supply curve to the left. The supply curves slope up due to the increase in opportunity costs.

At higher levels of output, marginal cost progressively increases due to the law of diminishing returns. This raises the opportunity cost of production to a higher level.

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Related Questions

On January 1, 2020 Truffle Corp entered into a five-year installment note for $100,000 at 7% interest. The note requires a monthly payment of $1,980. Question 1: The journal entry to record the payment on January 31, 2020 will include a: $98,603 Question 2: What is the new Carrying Value of the Note Payable after the journal entry?

Answers

Hi! I'd be happy to help with your questions regarding Truffle Corp's installment note.

Question 1: To record the payment on January 31, 2020, the journal entry will include:

1. Debit Interest Expense for the monthly interest ($100,000 * 7% / 12) = $583.33
2. Debit Note Payable for the principal amount ($1,980 - $583.33) = $1,396.67
3. Credit Cash for the total monthly payment = $1,980

Question 2: The new Carrying Value of the Note Payable after the journal entry will be the original amount minus the principal amount paid:

$100,000 (Original Note Payable) - $1,396.67 (Principal Amount Paid) = $98,603.33 (New Carrying Value)

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A Pearson correlation value (r) indicates the exact degree of accuracy in which a researcher can predict a participant's score on a second variable from their score on a first variable, True False

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The statement is False. The Pearson correlation coefficient (r) does not indicate the exact degree of accuracy in predicting a participant's score on a second variable from their score on a first variable.

 The Pearson correlation coefficient measures the strength and direction of the linear relationship between two variables, with values ranging from -1 to +1. However, the value of r does not indicate the exact degree of accuracy in predicting a participant's score on one variable from their score on another. This is because the accuracy of prediction is influenced by many factors, such as the range and variability of the data, the presence of outliers, and other unmeasured factors that may affect the relationship between the two variables. Therefore, while a strong correlation may suggest a relationship between two variables, it does not guarantee the accuracy of predicting one variable from another.

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QUESTION 2 (25 MARKS)
Suppose there are an infinite number of assets with an expected return of 12% p.a. and a standard deviation of 40%. Further, assume investors form equally-weighted portfolios.
(a) If the correlation between any two assets is zero, calculate the expected return and standard deviation of a randomly selected two-stock portfolio and three-stock portfolio. (8 marks)
(b) If the correlation between any two assets is 0.45, elaborate the highest possible expected return and lowest possible standard deviation in this case. (5 marks)
(c) Explain the implications of your results to the concept of diversification based on the key differences between the two approaches in estimating the mean variance optimal portfolio: the Sharpe diagonal and the Markowitz approach. (12 marks)

Answers

(a) If the correlation between any two assets is zero, the expected return and standard deviation of a randomly selected two-stock portfolio and three-stock portfolio can be calculated as follows:

For a two-stock portfolio:

Expected return: The expected return of a portfolio is the weighted average of the expected returns of its individual assets. Since the assets have an expected return of 12% each, the expected return of the portfolio would also be 12%.

Standard deviation

The standard deviation of a portfolio consisting of two uncorrelated assets can be calculated using the following formula:

σ_portfolio \(=\sqrt{(w1^2 * σ1^2 + w2^2 * σ2^2)}\)

where w1 and w2 are the weights of the assets, and σ1 and σ2 are the standard deviations of the assets.

Since the assets have the same standard deviation of 40% and the portfolio is equally weighted, the standard deviation of the portfolio would be:

σ_portfolio =\(\sqrt{(0.5^2 * 0.4^2 + 0.5^2 * 0.4^2) }\)

= 0.4 * \(\sqrt{0.5}\) = 0.2828 or 28.28%

For a three-stock portfolio:

Expected return: The expected return would still be 12% since each asset has the same expected return.

Standard deviation: For a three-stock portfolio with uncorrelated assets, the standard deviation can be calculated as:

σ_portfolio = \(\sqrt{(w1^2 * σ1^2 + w2^2 * σ2^2 + w3^2 * σ3^2)}\)

Since the assets have the same standard deviation of 40% and the portfolio is equally weighted, the standard deviation of the portfolio would be:

σ_portfolio = \(\sqrt{(1/3 * 0.4^2 + 1/3 * 0.4^2 + 1/3 * 0.4^2) }\)

= 0.4 or 40%

(b) If the correlation between any two assets is 0.45, the highest possible expected return and lowest possible standard deviation can be achieved by combining the assets in the right proportions.

To find the highest possible expected return, we would allocate all the weights to the asset with the highest expected return. Therefore, the expected return would be 12%.To find the lowest possible standard deviation, we would allocate all the weights to the asset with the lowest standard deviation. Therefore, the standard deviation would be 40%.

(c) The results obtained in part (a) demonstrate the concept of diversification.

When the correlation between assets is zero, combining assets in a portfolio helps reduce the portfolio's standard deviation without sacrificing the expected return. The diversification benefit is evident in the lower standard deviation of the portfolio compared to the individual assets.

In part (b), when the correlation between assets is 0.45, the diversification benefits are not as pronounced.

The highest possible expected return is still the same as the individual assets, but the lowest possible standard deviation is limited to the lowest standard deviation of the assets.

The implications for diversification in the context of the mean variance optimal portfolio estimation approaches can be explained as follows:

The Sharpe diagonal approach considers only the individual asset risk and return characteristics.

It assumes that the correlation between assets is zero, focusing on the individual assets' risk-return trade-offs. This approach would be suitable when the correlation between assets is low or when there is no diversification benefit.The Markowitz approach, on the other hand, incorporates the correlation between assets. It recognizes the potential diversification benefits that arise from combining assets with different risk and return characteristics.

It aims to find the optimal portfolio that maximizes expected return for a given level of risk, considering the correlation

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why the last five years before you retire are critical?

Answers

In terms of retirement planning, the final five years before you retire can be among the most important since during that time you must decide whether you can actually afford to stop working.

What is Retirement?

The term "retirement" refers to the act of ceasing to be actively employed or in a post or occupation. Reduced work hours or workloads are another way to semi-retire.

When they are old or physically unable to work, a lot of people decide to retire. Although while some people are compelled to retire because of legislation governing their employment or because their physical

circumstances make it impossible for them to work any longer (due to illness or accidents), people may also retire when they are eligible for private or public pension payments.

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What has Ms. Blakley and her team at USC discovered about social media?

Answers

Social media apps will aid in the eradication of various societal gender stereotypes. The media defines us by repeating tired tropes. That will alter, fortunately.

How do social media sites affect gender?

Social media use was solely linked to internalising symptoms for girls, according to the conditional nature of the influence on gender. Only conversing and self-presentation (posting information about oneself) on social media were positively correlated with internalising symptoms.

How does gender appear on social media?

With commercials and photographs, the media promote gender roles and behavioural tendencies where women's tasks range from caring for children to working, showing women's reliance, while males are depicted as more independent and less reliant.

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Create an Income Statement for the month ended November 30, 2020 for Riley Repair Shop:

Repairs Revenue is $9,900
Installation Fees is $1,600
Salaries Expense is $2,600
Rent Expense is $2,000
Advertising Expense is $850
Supplies Expense is $185
Utilities Expense is $235
Insurance Expense is $150
Delivery Expense is $770

Create an Income Statement for the month ended November 30, 2020 for Riley Repair Shop:Repairs Revenue

Answers

The Net income from the Income Statement of Riley Repair Shop equals $4,710.

What is the Income statement?

Revenue:

Repairs Revenue = $9,900

Installation Fees = $1,600

Total                                                                    $11,500

Salaries Expense =     $2,600

Rent Expense =           $2,000

Advertising Expense   $850

Supplies Expense        $185

Utilities Expense          $235

Insurance Expense      $150

Delivery Expense         $770

Total                                                                     $6,790

Net Income                                                         $4,710

Therefore, the Net income from the Income Statement of Riley Repair Shop equals $4,710.

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List the new political and economic elites!

Answers

It is impossible to provide a comprehensive list of all political and economic elites as the identities and positions of such individuals can vary greatly depending on the country, region, and industry.

Political elites generally refer to individuals who hold high-level positions of power within government and politics, such as heads of state, members of parliament, and political party leaders.

Economic elites, on the other hand, typically refer to individuals who hold significant wealth and power within the business and financial sectors, such as CEOs, investors, and bankers.

In any given society, these elites may intersect and overlap, with individuals holding both political and economic power. However, the specific identities and positions of political and economic elites will vary depending on numerous factors, such as historical context, social class, and cultural norms.

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1) International business is defined as the performance of ________ activities by firms across national borders. A) marketing and fiduciary B) trade and investment

Answers

An International business refers to a performance of trade and investment activities by firms across national border.

What is an International business?

An International business means trading of goods and services across national borders.

Hence, an International business refers to a performance of trade and investment activities by firms across national border.

Therefore, the Option B is correct.

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International business is defined as the performance of trade and investment activities by firms across national borders..

What is international business?

This is defined as the situation whereby organizations, companies and even countries decide to take their businesses abroad.

This type of business usually involves trading with people from a different nation as well as invest in the countries.

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The Michner Corporation is trying to choose between the following two mutually exclusive design projects:
Year Cash Flow (I) Cash Flow (II)
0 −$ 82,000 −$ 21,700
1 37,600 11,200
2 37,600 11,200
3 37,600 11,200
a-1. If the required return is 10 percent, what is the profitability index for both projects? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)
a-2. If the company applies the profitability index decision rule, which project should the firm accept?
multiple choice 1
Project I
Project II
b-1. What is the NPV for both projects? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
b-2. If the company applies the NPV decision rule, which project should it take?
multiple choice 2
Project I
Project

Answers

If company accepts PI rule, then we have to pick out Projec II 0.333 is the profitability index for each tasks



First we are able to compute the NPV, with the aid of the usage of the =Npv function in excel, in which we enter the bargain rate and the coins flowsflowsflowsflows


therefore applying the feature to the given coins flows
NPV of 1st project = -82000, 37600 ,37600,37600
= 11505.63
NPV pr 2nd project= -21700, 11200, 11200, 11200
=6152.74

PI = NPV/ initial funding + 1
PI of 1st assignment 1.14
PI of second undertaking 1.28
If employer accepts PI rule, then we must choose project 2
The profitability index (PI) is a way to assess the relative worth of a number of exclusive destiny funding projects, based totally on projected coins flows and a required rate of go back. it's miles calculated by comparing the existing value of the destiny coins flows to the initial cash outlay.

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How would a past history of criminal charges potentially affect a company's
ability to recruit highly talented employees?

Answers

Answer:The potential employees would view the company with less confidence because of the company’s past history

Explanation:

Answer:

The potential employees would view the company with less confidence because of the company’s past history

Explanation:

Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket. How is Lily able to use the check to make her grocery payments?

Answers

Lily is able to use the check from Sarah to make her grocery payments by depositing the check into her bank account and then using the funds from the account to pay for her groceries.

When Lily receives the check from Sarah, she can endorse the back of the check with her signature and deposit it into her bank account. The bank then processes the check and credits the amount to Lily's account, making the funds available for her use. With the funds in her bank account, Lily can either withdraw cash or use other payment methods, such as a debit card or online transfer, to make her grocery payments at the supermarket.

Using checks as a form of payment offers convenience and security. It eliminates the need for carrying large amounts of cash and provides a record of the transaction. By depositing the check into her bank account, Lily can access the funds easily and use them for her various financial needs, including paying her grocery bills. The banking system ensures that the check amount is transferred from Sarah's account to Lily's account, enabling her to make purchases without relying solely on physical cash.

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Felix and Oscar are roommates. Oscar is messy and Felix plans to move out unless they can come to an agreement. The roommates can only reach a private solution if Oscar compensates Felix for being messy. True False neferences eBook & Resources efficient way of The city of Kingston, Ontario, limits each household to one can of free garbage collection per week. There are fees for any extra garbage collected from the curb. This type of quota policy is a more reducing waste than charging a set price per can because:___________. (Click to select) a less O the marginal benefit of having a can of garbage collected varies among households. an equally a more O everyone will have the same number of cans collected with a quota. the total cost of having garbage collected is the same for everyone with a quota. the marginal cost of a can of garbage is constant with a set can price.

Answers

The act or circumstance of providing the individual who was hurt with an acceptable benefit in order to make up for their loss, damage, or injury. The payment of wages is another illustration of compensation.

The gain achieved from taking steps to lower an organization's overall asset expenditure, which has a direct impact on its bottom line, is referred to as a cost savings. Productivity increases and decreased supply procurement costs are two techniques for decreasing expenses. Compensation is one of the most important business procedures that may build or break a partnership.

It makes no difference if Felix pays Oscar to clean up after him or if Oscar pays Felix to make up for his error. Either idea might work as long as it is put into practice and living together saves more money than the private alternative does for each member involved.

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You have been at fault in your sexond accident in 6 months. Your insurance company is going to increase your annual premium by 28%. Your current annual premium is $975. What will your adjustment premium be

Answers

Answer:

$1,248

Explanation:

The current premiums are $975, which is equivalent to 100%. The new premium will increase by 28%.

New premiums will be $975% plus 28%, which is equal to 128% of  $975

= $975 x 128/100

=$975 x 1.28

=$1,248

Answer:

$1,248

Explanation:

use an optimization model to determine the best course of action for your real estate company, using the following assumptions: you wish to maximize the net present value of profit over the next eight quarters. assume 6% irr, compounding quarterly. (so 1.5% per quarter) in each neighborhood in which they open an office, they will achieve a baseline of 5.5% market penetration, and earn a 5% commission on sales. for every .1% the commission you charge decreases, your market penetration will increase by .15%, (down to a minimum penetration of 4% or a maximum of 6%) you must pay rent and utilities in each office you open each month. determine the average cost per gross square foot of commercial real estate in your neighborhood for the last year (in nyc historical). [when determining this value, you should exclude properties where gross square feet or sale price is unknown.] each month you will pay 1.5% of this for rent and utilities for each square foot of office space you rent. you must rent at least 250 square feet of office space, plus 125 for each employee you hire. you may hire up to 3 employees. each employee you hire costs a yearly salary $65,000 including benefits, and increases your market penetration by .5%. your monthly operating budget is $15,000. you may add other assumption you deem realistic so long you provide the explanation in your report.

Answers

The best course of action for the real estate company is to open offices in neighborhoods with higher market penetration and lower commercial real estate costs, hire up to 3 employees, and set commission rates to achieve maximum net present value of profit over the next 8 quarters while staying within the monthly operating budget of $15,000.

To optimize net present value of profit, the real estate company should analyze market penetration, commission rates, and real estate costs in each neighborhood to determine which locations will yield the highest profit.

The company should also hire up to 3 employees to increase market penetration while staying within the operating budget. The commission rate should be set to maximize profit while also taking into account the relationship between commission rates and market penetration.

The company should aim to rent office space in neighborhoods with low commercial real estate costs and high market penetration, and adjust the office space size to meet the minimum requirements while minimizing costs.

Finally, the company should regularly monitor and adjust its strategy to adapt to changing market conditions.

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✨✨✨ MODĒRATORS!! HELP ME •_•✨✨✨


Write the steps in registering your business. Record them in the correct order. Do this in your answer sheet. (LOOK AT THE PICTURE)​

 MODRATORS!! HELP ME _Write the steps in registering your business. Record them in the correct order.

Answers

289292928183281882822

China is the #1 producer of wheat; however, the United
States also produces wheat.
What reason(s) might the U.S. have to sell its own wheat as
well as wheat produced in China?

Answers

Economically speaking, where China is the Number 1 producer of wheat and the United States also produces wheat, the U.S. may sell both Chinese and American-produced wheat to meet demand and diversify sources of supply.

What is Supply in Economics?

Supply in economics refers to the quantity of a resource that businesses, producers, laborers, financial asset providers, or other economic actors are willing and able to deliver to the market or to an individual. Supply can be in the form of manufactured items, labor time, raw resources, or any other rare or valued item.

Economic variety or economic diversification refers to changes in a region's or country's economic position or utilization of a diverse range of economic activities.

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List the four ways to become a business owner.

Answers

Answer:

1. Start your own business;

2.Take over a family-owned business.

3. Buy a franchise.

4. Buy an existing operating business.

Start your own business
Take over a family owned business
Buy a franchise
Buy an existing operating business

Paige is thinking about discontinuing a software program her company
makes that is no longer profitable. The main advantage she sees is that the
company will save money by not creating more of that software and be able
to spend it on a product that could be more profitable. What is the main
disadvantage of discontinuing the product?
A. Her company's costs will rise if it discontinues a product.
B. Discontinuing software will narrow her company's product mix.
C. Her company may still need to provide customer service to
existing customers.
D. Software is in the growth stage of the product life cycle.
SUBMIT

Answers

Answer:

C. Her company may still need to provide customer service to existing customers.

Explanation:

on

a p e x

After discontinuing a software program she has to provide service to the user of the software. Hence option C  is correct .

What is Customer service ?

Customer service refers to the help and guidance a business offers to consumers who purchase or utilize its goods or services.

Every industry has distinct standards for customer service, but ultimately, the goal of a well-performed service is to boost profits. Employees "who can modify themselves to the personality of the customer" are critical to the perceived effectiveness of customer service encounters.

Customer  is typically used to publicity how well customer service is performing. For some businesses, providing excellent customer service is one of their goodwill that sets them apart from competitors.

The major drawback of discontinuing a product is that you run the risk of losing the customers who used it since they can't locate it anymore and develop a negative image of the firm because they can't utilize the product.

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Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]

Answers

12,500 dollars
500k times .025 is 12500

The fee must you pay the credit card company is $12,500.

What is a credit card?

A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.

In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.

When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.

The calculation for merchant fees is

The merchant fee will be 2.5% of $500,000

=2.5/100 x $500,000

=0.025 x $500,000

=$12,500

Therefore, the amount paid as a fee will be $12,500.

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which of the following is the correct word phrase of "4b+10"?
A. four added to 10
B. the product of four and B added to 10
C. the sum of 4 and B plus 10
D. the product of four and B subtracted to 10

Answers

B.

4b can be interpreted as 4 multiples by b. B is a variable in this expression. Plus 10. So it would the product of four and B added to 10.

indexing the tax system to take into account the effects of inflation would by itself

Answers

Indexing the tax system to take into account the effects of inflation would, by itself, adjust tax rates and brackets in line with inflation.

When the tax system is indexed to account for the effects of inflation, it means that tax rates and income brackets are automatically adjusted to keep pace with inflation. This adjustment is intended to prevent "bracket creep," where inflation pushes individuals into higher tax brackets even though their real income has not increased.

By indexing the tax system, tax rates and brackets are periodically updated based on inflation rates. This ensures that individuals' purchasing power is not eroded by inflation, and they are not subjected to higher tax burdens solely due to inflation-induced nominal income increases.

Indexing the tax system to consider the effects of inflation, by itself, ensures that tax rates and brackets remain aligned with changes in the cost of living. It helps maintain the real value of income and prevents individuals from facing higher tax burdens solely due to inflation.

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Describe the population distribution in Guyana​

Answers

Statistics indicate that Guyana is one of the most lightly populated countries in Latin America and the Caribbean. The World Bank estimated that there were four people per square kilometer in Guyana in 1988, far fewer than the average of twenty people per square kilometer for all of Latin America. However, more than 90 percent of Guyana's population lived along the coast, on a strip constituting only 5 percent of the country's total land area. A more useful figure is the population density per square kilometer of agricultural land, which was estimated at forty-six in 1988. In Latin America as a whole, the average population density on agricultural land was fifty-five per square kilometer.

More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.

The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.

According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.

Answers

a)the indifference curve shifts to the right


The end goal of budgeting is to plan and ____ organizational finances successfully?

A. justify
B. control
C.explain
D.increase

Answers

Answer:

B

Explanation:

Controlling is another organizational goal

how does diagramming the triple constraint as a
triangle clearly demostrate how time,scope and cost are
interrelated?

Answers

Both incorrect and useless, the Triple Constraints paradigm is both. It asserts that time and scope are functions of cost and that there is a clear and predictable relationship between these three variables.

Thus,  According to the Triple Constraint, increasing cost is required if we wish to shorten the timetable (time).

According to this, increasing scope requires increasing expense or schedule. The suggested new Triple Constraint would lead project managers and management in a different way and is supported by the data.

The Triple Constraint has stifled growth because it has a bad mental model. It affects how we assess projects.

Thus, Both incorrect and useless, the Triple Constraints paradigm is both. It asserts that time and scope are functions of cost and that there is a clear and predictable relationship between these three variables.

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Which details apply to a financing contract? Check all that apply.


requires a credit check

are always less expensive than using a credit card

includes interest rate information

requires a signature for rent-to-own agreements

can be broken at any time

Answers

The details apply to a financing contract - requires a credit check, includes interest rate information and requires a signature for rent-to-own agreements.

Finance contracts, also known as financial services contracts, are contracts used in securities law to allow for individually negotiated agreements involving commodities, securities, currencies, or other economic or financial interests.

A financial contract is a transaction between parties involved in the financial markets that takes the form of an independently arranged agreement, contract, or option to sell, buy, swap, lend, or repurchase.

Commercial advance payments and commercial interim payments are two types of contract financing payments for commercial item purchases.

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Answer:

1,3,4

Explanation: Anytime you apply for credit, there's always some type of credit check. Interest is sometimes applied as a means for the creditor to make money off the transaction. Rent to own is never a good thing but needed in cases of low or no credit.

global standardization strategy emphasizes customization and product differentiation. true false

Answers

The statement global standardization strategy emphasizes customization and product differentiation is false.

What is a global standardization strategy?

A global standardization strategy is described as the ability of a business or a marketer to use a standardized form of marketing campaigns and messages across all cultures, and countries.

In a global standardization strategy, a company considers all markets as one single market. Irrespective of the product categories and types, a business uses the same product marketing campaign and messages across all countries and all markets. This creates a standard that is maintained in all markets alike. Products are not customized as per different markets and also do not undergo product differentiation owing to different market spheres.

It can be concluded that the statement global standardization strategy emphasizes customization and product differentiation is false.

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PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS

PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS

Answers

The second one, a walkabout is NOT a form of learning the United States has used

suppose your expenses for this term are as​ follows: tuition:​ $28,000, room and​ board: $9,000, books and other educational​ supplies: $2,500.​ further, during the​ term, you can only work parttime and earn​ $16,000 instead of your fulltime salary of​ $42,000. what is the opportunity cost of going to college this​ term, assuming that your room and board expenses would be the same even if you did not go to​ college?

Answers

"The opportunity cost of going to college this term would be $17,000." Opportunity cost refers to the potential benefit or value that is lost when choosing one option over another. It is the cost of forgoing the next best alternative or the value of the best alternative that is sacrificed when a decision is made.

To calculate the opportunity cost of going to college this term, we need to consider the potential income that would have been earned if you didn't attend college.

Opportunity cost = Full-time salary - Part-time salary - Expenses saved by not attending college

Full-time salary = $42,000

Part-time salary = $16,000

Expenses saved by not attending college = Room and board expenses ($9,000)

Opportunity cost = $42,000 - $16,000 - $9,000

Opportunity cost = $17,000

So, the opportunity cost of going to college this term would be $17,000.

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Why should I prepare myself to be career-ready in multiple career clusters ? (3-4 sentences )

Answers

Answer:

Knowing the projected growth trends of your desired future career can help you map out a career trajectory

Find out who the big players are in your desired industry.

Interacting and networking with others can keep you in the loop when it comes to your future career.

Explanation:

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