The contract term "delivery ex-ship" means that the risk of loss does not pass to the buyer until the goods are properly unloaded from the ship or other carrier. This statement is true.
What Is Delivered Ex-Ship?
A seller was compelled by the trade phrase "delivered ex-ship" to deliver goods to a buyer at a predetermined port of arrival. The complete expense and risk of bringing the items to that point were carried by the vendor. Delivered Ex Ship denotes that when the products are made accessible to the buyer on board the ship that has been cleared for import at the designated port of destination, the seller has fulfilled his delivery obligation. All expenses and hazards associated with transporting the items to the specified port of destination are the responsibility of the seller.
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a pull system is a production system in which actual downstream demand sets off a chain of events that pull material through various steps in the production process.
Pull systems are a type of production system commonly used in Lean Manufacturing, which is a methodology used to reduce waste and increase efficiency.
In a pull system, the actual demand from downstream customers pulls material through the various stages of the production process. This eliminates overproduction, which is a common waste of resources in traditional production systems.
Pull systems work by having a customer trigger the production of a certain item. When a customer orders a product, a signal is sent to the upstream production stages to make the item. This signal triggers the production of the item and the material flows through the production process. When the item is finished, it is sent to the customer and the cycle repeats. This process eliminates excess inventory, since it only produces what is needed.
Pull systems are designed to be flexible and responsive to customer demand. This is in contrast to traditional production systems, which often produce items in large batches regardless of customer demand. This can lead to excess inventory and wasted resources. Pull systems are also designed to be highly efficient, since they only produce what is needed and do not create excess inventory.
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Suppose the production of 12 tons of copper in the United States requires the same amount of resources as the production of 3 tons of aluminum. In Mexico, 12 tons of copper requires the same amount of resources as 2 tons of aluminum. Implicitly Mexico has an absolute advantage in producing copper. Neither country has a comparative advantage in producing aluminum. O Mexico has a comparative advantage in producing copper. The United States has an absolute advantage in producing aluminum.
Mexico has a comparative advantage in producing copper
What are the 4 main factors that influence economic growth within a country?The four main factors of economic growth are land, labor, capital, and entrepreneurship
What contribution you can make to help or improve the economy of the country?1 Support locally owned businesses – Buy local!
The best way to help strengthen your local and regional economy is to support locally owned businesses. By supporting locally owned businesses, you: help support local job creation, keep more money circulating in your local economy, and often receive better service.
Which country has the comparative advantage in the production of chips?According to the theory of comparative advantage, A country should specialize and export goods with the lowest opportunity cost. a comparative advantage. the united states has comparative advantage in producing computer chips
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All of the following are due diligence requirements a paid tax preparer must meet when filing a return for a taxpayer claiming EITC, CTC/ACTC, ODC, AOTC, and/or head of household filing status EXCEPT:A) Investigate and verify the accuracy of information the taxpayer provides to show eligibility for the credits and/or head of household filing status.B) Complete all worksheets used to compute the credit. If the worksheet is completed by hand, keep a hard copy in the taxpayer's client file.C) Document the questions and answers asked about significant issues on the return.D) Complete and maintain a copy of Form 8867, Paid Preparer's Due Diligence Checklist.
Complete all worksheets used to compute the credit. If the worksheet is completed by hand, keep a hard copy in the taxpayer's client file.
In commercial enterprise, commerce, and economics, a client is someone who gets recommendation or offerings from a expert, along with a attorney or a fitness care provider. customers vary from clients in that clients are idea of as "one-time consumers" even as clients may be seen as "lengthy-term recipients",[1] and customers buy goods as well as services. The time period purchaser is derived from Latin clientem or clinare which means "to incline" or "to bend", the same root as many other comparable words along with climate and incline. customers of fitness care carriers are typically called patients, even though it isn't unusual for therapists to use the word client.[3]
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Each individual firm will maximize its profits or minimize losses by hiring a specific type of labor up to the point where the marginal revenue product is ______ marginal resource cost.
Equal to
Each individual firm will maximize its profits or minimize losses by hiring a specific type of labor up to the point where the marginal revenue product is Equal to marginal cost.
Why does profit increase if MR = MC?The biggest difference between total revenue and total cost is reached at production levels where MR = MC, which serves as our definition of producer's equilibrium and promotes profit maximization. Therefore, MC MR is a prerequisite for a scenario with sustained profit. The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue "at the margin" is another name for this. Profit is therefore maximized when marginal cost equals marginal revenue, or when marginal profit is equal to zero. Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimizes profit when the first order, MR = MC, and the second order depend on the first order.
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All of the variables that are intended to satisfy the needs of the consumer are considered part of the ________ in direct marketing.
All of the variables that are intended to satisfy the needs of the consumer are considered part of the offer in direct marketing.
Direct Marketing Decision VariablesThere are several decision variables that form the basic framework of direct marketing techniques, namely:
OffersOffering is a complete proposal in the form of products and services, prices, and other attributes contained in the products offered to customers.
CreativeThe variables included include copying platforms, techniques, graphic design elements as well as all aspects of manufacturing such as customization.
MediaThere are various types of media available for direct marketing techniques, such as telephone, sms, email, website, social media, etc.
Timing and SequencingThere is a choice of time and disposition of communication in direct marketing techniques, such as in general advertising. Direct marketing has higher control than other marketing techniques, such as when emails are sent, the choice of media used, and in what segments direct marketing is carried out.
This is of course different from common marketing techniques, which usually follow their publications, and limitations on space and programs that can be changed according to one's own will.
Customer ServiceIn this case, the company must provide a free channel where customers can easily and quickly access all information and provide feedback, complaints or suggestions to the company.
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Table 12.16
Firm B
High Price
Low Price
Firm A
High Price
20, 20
10, 30
Low Price
30, 10
15, 15
Reference: Ref 12-16
(Table 12.16) In the table, the payoffs represent profits measured in thousands of dollars. In this infinitely repeated game, Firm A and Firm B are both using grim trigger strategies and agree to charge a high price in period 1. If Firm A has a change of heart and decides not to charge a high price in period 1, what is Firm A's expected payoff from cheating? Assume that d = 0.9.
$580,000
$2 million
$315,000
$165,000
Firm A's expected payment from cheating is $165,000. In Grim Trigger strategy, players cooperate in first and subsequent rounds unless their opponent deviates from agreement.
Is Grim Trigger SPE?Trigger is SPE. If both players are playing Grim Trigger: One player is flawed According to history, both players should always be flawed. In these subgames, both react best when they cannot influence their opponent's play, as there is no reason to cooperate. Players are forever trampled when they realize their opponent betrayed them in the previous game.
Is the Grim Trigger strategy subgame perfect?For d ≥ 1/2, we conclude that the strategy pair where each player's strategy is the Grimm-his trigger strategy is an infinitely repeated subgame perfect equilibrium of the prisoner's dilemma.
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with respect to employee termination, a(n) suit typically attempts to establish that the termination either violated an implied covenant or violated public policy.
The end of an employee's employment with a corporation is referred to as termination of employment.
What exactly public policy?The end of an employee's employment with a corporation is referred to as termination of employment. Termination can be voluntary, such as when a worker departs on their own. When a corporation downsizes, layoffs, or terminates an employee, this is known as involuntary termination.
An employer is not allowed to fire an employee if doing so would offend public policy. When an employee is fired for engaging in an activity that is protected by either a constitutional right or a legislation, public policy may be violated.
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Answer
Explanation
the attribute of makes information useful to managers because it suits their particular needs and circumstances.
True. Managers need to make decisions that are in the best interests of their companies and they need the information to do this.
Attributes of information such as accuracy, relevance, timeliness, and completeness are important to managers because they enable them to make informed decisions. Accurate information allows managers to make decisions that are based on facts and not on assumptions. Relevant information helps managers to focus on the most important issues that need to be addressed.
Timely information allows managers to react quickly to changes in the marketplace. And complete information gives managers a full picture of the situation so that they can make informed decisions. Having information that is accurate, relevant, timely, and complete makes it useful to managers in their decision-making process.
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____ advertising is heavily used during the growth and early maturity stages of the product life cycle.
Persuasive advertising is heavily used during growth and early maturity stages of product life cycle.
What is advertising?Advertising is a procedure and a collection of tactics used to market a good or service. Utilizing advertising, businesses attempt to draw customers' attention to their goods and services. Through "branding," which is the process by which people connect a product name or image with specific qualities, commercial advertising often tries to boost consumer use of their goods or services. On the other hand, direct-response advertising refers to commercials that are meant to prompt a purchase right away. Political parties, interest groups, religious institutions, and governmental agencies are examples of non-commercial organizations that market their products or services more than profit-making companies. One sort of free persuasion that non-profit organizations are allowed to utilize is public service announcements.
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Assume an economy is in a long-run equilibrium. Following a decrease in aggregate demand, which of the following is true in the short run?
A
The unemployment rate is equal to the natural rate of unemployment, and the rate of inflation is rising.
B
The unemployment rate is greater than the natural rate of unemployment, and the rate of inflation is rising.
C
The unemployment rate is greater than the natural rate of unemployment, and the rate of inflation is declining.
D
The unemployment rate is lower than the natural rate of unemployment, and the rate of inflation is declining.
E
The unemployment rate is lower than the natural rate of unemployment, and the unemployment rate is rising.
The unemployment rate is greater than the natural rate of unemployment, and the rate of inflation is declining.
What is unemployment?
The OECD defines unemployment as those over a certain age who are currently available for work but are not currently employed or self-employed. The number of unemployed people as a percentage of the labor force is used to calculate the unemployment rate, which is used to calculate the level of unemployment. There are various types of unemployment, including frictional, structural, cyclical, voluntary, and involuntary. There are numerous factors that originate from both the supply side, or the worker, and the demand side, or the employer, that contribute to unemployment. High-interest rates, the world economy being in a recession, and the financial crisis might all affect demand. Frictional unemployment and structural employment are major supply-side contributors.
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the shipping terms, fob place of destination, indicate that the seller must deliver the goods at the place named and bear the expense and risk of shipping.
The shipping terms, fob place of destination or Free on Board Destination, indicate that the seller must deliver the goods at the place named and bear the expense and risk of shipping.
The Free on Board Destination is a financial term that is used to reflect, if the buyer and seller is responsible for the products that are damaged or destroyed during shipping.
Free on Board destination is the shipping point that reflects the buyer is at a risk as they take the responsibility of the products when they are shipped by the seller.
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if viewed from a flow standpoint, the stage of configuration management that has provision for variable routing to the next step, depending on outcome at this stage, is:
If viewed from a flow standpoint, the stage of configuration management that has provision for variable routing to the next step, depending on outcome at this stage, configuration control.
What is configuration control?
Process for regulating hardware, software, firmware, and documentation alterations to safeguard the information system from unauthorised alterations before, during, and after system deployment. In military and technology development environments, configuration control is frequently employed. By making sure that any changes are thoroughly tested before being incorporated into the finished product, it can lower the likelihood of failure or malfunction.
What does the configuration serve?
The process of configuration management involves keeping software, servers, and computer systems in a consistent, desirable condition. It's a method of ensuring that a system functions as expected as modifications are made to it over time.
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g what does the blue shaded area (labeled a) represent? group of answer choices profit loss total revenue total cost
The lighter-shaded rectangle, which has amount on the horizontal line and marginal production costs on the vertical line, represents the firm's total costs.
What does the word "revenue" mean?
Revenue, which is determined by dividing the average retail price by the quantity of units sold, is the money made from regular business operations. The power play (or gross income) number is what is used to calculate net revenue by reducing costs. Purchases are yet another name of revenue in the income statement.
What are some instances of income?
Revenues are frequently substituted with the word income. Sales, service revenues, earned fees, interest revenue, and interest income are a few examples of revenue accounts. Revenue accounts typically contain outstanding debt because they are credited whenever services are rendered and billed.
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Which of the following is true about the auditors' consideration of internal control in a financial statement audit? The auditors must assess control risk at a level lower than the maximum.
The auditors must obtain an understanding of the steps in processing major types of transactions.
Who are auditors ?Auditors are professionals who perform independent examinations of financial records, including financial statements and other financial information, to assess their accuracy, reliability, and compliance with applicable laws, regulations, and standards.Auditors may work in public accounting firms, where they serve a wide range of clients, or in-house in the internal audit departments of organizations. They may also work for government agencies or other regulatory bodies.Auditors must also follow generally accepted auditing standards (GAAS), which provide guidelines and requirements for conducting an audit in a professional and competent manner. This includes obtaining sufficient and appropriate evidence to support their conclusions, communicating with the client's management and those charged with governance, and issuing an opinion on the financial statements based on their audit findings.Which of the following is true about the auditors' consideration of internal control in a financial statement audit?
A. The auditors must assess control risk at a level lower than the maximum.
B. The auditors must prepare a flowchart description of internal control for their working papers.
C. The auditors must obtain an understanding of the steps in processing major types of transactions.
D. The auditors must perform tests of controls.
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In economics we assume people are rational actors who try to maximize their happiness. Using economic concepts, discuss and describe why volunteering and charitable giving exist in a capitalistic society.
It should also be noted that the entire concept of philanthropy and charity in general are tools of capitalism.
How charity contributes to capitalism?The money they give away is returned to them through the exploited labor of their employees. Furthermore, many of their charitable contributions are tax deductible, allowing them to reduce their tax burdens and thus protect their wealth.It is critical to invest in your community. When you donate to a charity that spends its funds locally, you help your own economy. The funds you provide are not used to pay executive salaries for a national charity, but are instead used locally.To summarize, charity is important because it helps to improve the quality of life for others, strengthen communities, and assist those in need. Furthermore, charity can aid in the spread of positive values.To learn more about capitalism refer to :
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True or False : A potentially effective way to assure ethical behavior in an organization is to distribute rewards primarily on the basis of outcomes.
This declaration is False.A potentially effective way to assure ethical behavior in an organization is to distribute rewards primarily on the basis of outcomes.
Ethical behaviour is characterized with the aid of honesty, equity and equity in interpersonal, professional and tutorial relationships and in research and scholarly activities. Ethical behaviour respects the dignity, variety and rights of humans and organizations of people.
What is an example of ethical behavior?Examples of ethical behaviors in the workplace includes; obeying the company's rules, advantageous communication, taking responsibility, accountability, professionalism, believe and mutual recognize for your colleagues at work.
Why is ethical conduct so important?Ethics is what courses us to tell the truth, preserve our promises, or assist any individual in need. There is a framework of ethics underlying our lives on a every day basis, supporting us make decisions that create fine impacts and guidance us away from unjust outcomes.
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https://brainly.com/question/27265072#SPJ4FILL IN THE BLANK. suppose you own 5% of coastal corporation's 200,000 outstanding common shares. the stock was trading for $135 per share before coastal executives announced a 3-for-2 stock split. after the split, you will own___shares worth___per share.
The price of the share after split is $90 per share. Therefore, you will own 15000 shares worth $90 per share.
How to calculate the price of the share?From the information, the 5% of coastal corporation's 200,000 outstanding common shares, the stock was trading for $135 per share before coastal executives announced a 3-for-2 stock split.
The shares own after split will be:
= (200000 × 5%) × 3/2
= 15000
The price per share will be:
= $135 / (3/2)
= $90
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at zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30000. at 15000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $135000. total fixed costs and unit variable costs are: o $30000 fixed plus $9 per direct labor hour variable. $30000 fixed plus $7 per direct labor hour variable. $105000 fixed plus $2 per direct labor hour variable. $105000 fixed plus $7 per direct labor hour variable.
The total fixed costs and unit variable costs are B. $30,000 fixed plus $ 7per direct labor hour variable
What is a fixed cost?A company's fixed costs are its outlays that don't change over the course of a given fiscal year. These are the expenses that are unaffected by output size or volume. Because they must be paid regardless of output level, fixed costs are the costs of doing business. Rent, administrative salaries, insurance, depreciation, and license fees are examples of fixed costs.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
The fixed cost is $30000. The unit variable cost will be:
= ($135000 - $30000) / 15000
= $105000 / 15000
= $7
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Which of the following is an accurate statement regarding testing for impairments of tangible assets and amortizable intangible assets? Multiple Choice Assets may be tested as a group if they are used in combination with other assets in the group. Assets are to be tested only as individual assets. Assets may be tested as a group only if they were purchased as a group. Assets need not to be tested for impairment annually.
Assets may be tested as a group if they are used in combination with other assets in the group.
What are intangible assets that are amortizable?The process of depreciating expenditures related to intangible assets, such as patents and trademarks, over the length of their lifetime is referred to as amortization of intangibles. This is carried out for accounting or tax purposes. These assets are expensed into an amortization account, often known as amortization.
Do tangible assets have an impairment?If the carrying amount of the asset group is greater than its fair value and cannot be recovered, an impairment loss on the tangible or finite-lived intangible asset is reported.
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The adolescent brain is
A. a work in progress.
B. consistent since infancy.
C. not producing new brain functions.
D. fairly rigid with minimal plasticity
Inside the adolescent brain is the biggest modification is the "pruning" away of unused connections in your child's grey matter, which is the area of the brain responsible for thought and processing.
The Correct Answer is A. a work in progress.
What is Building a healthy teenage brain?Your child's behavior, thoughts, and feelings are influenced by a combination of their surroundings and their particular brain. For instance, the brain may become "hard-wired" with your child's favored activities and abilities.Brain development is greatly influenced by how youngsters spend their free time. It is therefore important to consider the variety of interests and experiences your child has, including music, sports, studies, foreign languages, and video games. What impact do these have on the type of brain your child will have as an adult?In your child's environment, you play a significant role. Your kid really appreciates you. It will be crucial for your child's development of a healthy brain how you influence and guide them.You can achieve this by: promoting good behavior, helping your youngster get lots of sleep while encouraging sound thinking.To Learn more About adolescent brain refer to:
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As the typical investor ages the composition of their wealth usually switches from primarily______ to primarily ______.
A.human capital; financial capital
B.financial capital; human capital
C.intellectual capital; physical capital
D.investable capital; noninvestable capital
As the typical investor ages the composition of their wealth usually switches from primarily financial to primarily human capital. Option B
What is meant by human capital?The information, skills, and health that people invest in and amass throughout the course of their life give them the opportunity to realize their potential as contributing members of society.
A nation's current pool of skill, aptitude, expertise, education, and information is referred to as its "human capital." To create more human capital from human resources, we must invest in human capital.
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Answer:
B.financial capital; human capital
Explanation:
Scenario C: The Nagoya Precision Drill Company has just begun to initiate major changes in its manufacturing processes. There has been some resistance among employees to these changes, but middle management has developed some specific approaches to enlist their cooperation:
1. Management will hold a series of small-group discussions in which they will explain why the changes are being made.
2. A few leading workers known for their resistance to change have been appointed to serve as employee liaisons on the change leadership team.
3. A vacation-time bonus will be awarded to employee groups who meet the organization's timeline for implementing the changes.
4. If any employees consistently cause their work groups to fall behind schedule, they will be given the choice of either adapting to the new program or finding some other place to work.
A vacation-time bonus will be awarded to employee groups who meet Nagoya Precision Drill's timeline for implementing the changes. This measure is an example of managing resistance to change through
There are different scenarios for The Nagoya Precision Drill Company. They are something like this:
The first scenario is negotiation and rewards because the management will hold a series of small-group discussions in which they will explain why the changes are being made.For the second scenario, it is manipulation and cooptation as a few leading workers known for their resistance to change have been appointed to serve as employee liaisons on the change leadership team.A vacation-time bonus will be awarded to employee groups who meet the organization's timeline for implementing the changes. This is negotiation and rewards again for the third scenario.The fourth scenario is explicit and implicit coercion. If any employees consistently cause their work groups to fall behind schedule, they will be given the choice of either adapting to the new program or finding some other place to work.Learn more about implicit coercion here brainly.com/question/14272097
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if the government spends an additional $3 billion to buy police cars, aggregate demand might increase more than $3 billion because of the , but might increase less than $3 billion because of the . group of answer choices investment accelerator; multiplier effect crowd-out effect; investment accelerator. multiplier effect; crowd-out effect. crowd-out effect; multiplier effect. multiplier effect; investment accelerator.
Due to the multiplier effect on aggregate demand, if the government spends $3 billion to purchase police cars, aggregate demand may rise by more than $3 billion. The crowding-out impact on aggregate demand could result in an increase of less than $3 billion in aggregate demand.
How might the Fed change the economy's location on this curve?By altering the money supply, the Fed can shift from one point on this curve to another. The unemployment rate is decreased and the inflation rate is raised when the money supply is increased, whereas the opposite is true when the money supply is decreased.
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can be used to improve the value that the business provides to its customers by working with the customers.
Utilizing downstream strategies, a business can increase the value it offers to its clients by collaborating with them.
In a business context, what does downstream mean?The term "downstream operations" refers to the final steps in the manufacture and sale of goods, where finished goods are produced and offered for sale to customers. Sales may be made at the wholesale level, to businesses (B2B), or at the retail level, to consumers (B2C).
What makes upstream and downstream different?Simply put, downstream refers to the procedures used after extraction until it is delivered to the customer in whatever format is required, whereas upstream works include the exploration and production of crude oil and natural gas.
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a mass protest organization and a grassroots organization both rely on high levels of membership participation, but a grassroots organization:
A grass root organization relies on high levels of community-based membership participation to promote social change.
What is Grass Root Organization?The bulk of grassroots organizations are composed of ordinary citizens who are fighting for a cause to bring about change at the local, national, or international levels. As implied by the name, grassroots organizing is a type of mobilization that starts at the ground level.
In order to accomplish social change, it is a special type of social movement organization that largely relies on membership participation from the neighborhood. It lacks a hierarchical structure and functions through already-established political structures.
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Dewayne Gibbons of Burger King decided to introduce a new slicedchicken sandwich without consulting any of his subordinates or thefranchise. Managers who use this style of decision making exhibitthe _____ style of leadership.A) one dimensionalB) closed-doorC) consultativeD) autocratic E) autocratic laissez-faire
Dewayne Gibbons of Burger King determined to introduce a brand new sliced chook sandwich with out consulting any of his subordinates or the franchise. Managers who use this fashion of choice showcase the Autocratic fashion of management
The required details about Autocratic is mentioned in below paragraph.
Autocracy is a gadget of government wherein absolute electricity over a state is focused withinside the arms of 1 person, whose selections are challenge neither to outside criminal restraints nor to regularized mechanisms of famous control. In in advance times, the time period autocrat became coined as a positive description of a ruler, having a few connection to the idea of "loss of conflicts of interests" in addition to a demonstration of grandeur and electricity. This use of the time period persevered into current times, because the Russian Emperor became styled "Autocrat of all of the Russias" as past due because the early twentieth century. In the nineteenth century, Eastern and Central Europe have been beneathneath autocratic monarchies withinside the territories of which lived various peoples.
Autocracy is the maximum not unusualplace and durable regime type due to the fact the emergence of the state.
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Suppose your uncle offers you $100 today or $136 in 5 years. You would prefer to take the $100 today if the interest rate is 6 percent. 5 percent.7 percent. 4 percent.
Your uncle offers you $100 today or $150 in 10 years. You would prefer to take the $100 today if the interest rate is 5 percent yes because after 5 years it will be $2,591,85 .
What occurs if interest rates rise excessively?A recession and an increase in unemployment may result from it.
It is possible for the economy to enter a recession if the Fed raises rates too quickly and excessively. For both consumers and businesses, higher interest rates make debt more expensive and borrowing more difficult.
What Takes Place When the Fed Raises Interest Rates?The Fed's intention when raising the federal funds target rate is to raise the cost of credit across the board. Everyone ends up paying more in interest fees as a result of higher interest rates, which make loans more expensive for both firms and consumers.
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gerry signs a lease with driftwood apartments to lease a studio apartment for the next year for $650 per month. shannon signs on driftwood behalf. gerry and driftwood have ____.
Gerry signs a lease through Driftwood Apartments for a small apartment for $650 per month for the following year. On behalf of driftwood, Shannon signs. Driftwood and Gerry have a written agreement.
The appeal of driftwood is what exactly?The ecosystem of the sandy beach is stabilized by the driftwood. Beaches are naturally disturbed and continually shifting due to winds and waves. Driftwood aids in keeping the sand in position and promotes plant germination, much like the borders you construct around a garden.
How does the driftwood rule work?A word on a regional custom if you intend to beachcomb. The rule that states you can only start picking up driftwood as well as other detritus if it is laying may not be a law in and of itself, but breaking it will result in a fine beneath the mark of the highest tide.
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1) discuss the concept of money. begin by defining the functions of money and explain how currency meets these functions.
Monetary is a property that is frequently used as a mechanism of economic exchange. However, the three functions of money—reserve of value, account unit, and exchange instrument—remain the same.
What is meant by a commodity job?
A supply chain expert, often known as a commodities specialist, is in charge of a company's inventory acquisitions. As a commodities expert, you investigate supply market prices, choose the best suppliers to meet the demands of the business, and bargain pricing and contracts with those suppliers.
An example of a commodities job:
A commodities trader uses the "bidding" procedure to purchase and sell on behalf of his clients. Rarely are commodities delivered; instead, they are "hedged." You can be asked for advise and direction on what to purchase and sell as a commodities trader.
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Athletix Shoe Company is bringing a new shoe to the market, so it begins a series of ads meant to highlight the new shoe for customers. These ads can be best described as ________ advertising.
O brand
O institutional
O advocacy
O competitive
O public service
A series of advertisements are launched by the Athletix Shoe Company to emphasize the new shoe for buyers as it enters the market. The best way to categorize these adverts is as brand advertisements.
Brand advertising is a type of advertising that aids in forming bonds and developing enduring relationships with customers over time.
Businesses that use brand advertising want to gain long-term public favor. These businesses build intellectually and emotionally compelling brand identities, credibility, and loyalty with their prospects.
Brand advertising and direct response advertising are the two main categories of advertising.
While brand advertising aims to raise overall demand for a brand, direct response (or performance-based) ads are used to compel people to take instant action.
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