When writing off an uncollectible account under the allowance method allowance for doubtful accounts is debited, and accounts receivable is credited at the end of the accounting period.
What Exactly Are Accounts That Are Uncollectible?Receivables, loans, or other debts that have almost no possibility of being paid are referred to as uncollectible accounts. A debt may become uncollectible for a number of reasons, such as the debtor's bankruptcy, an inability to locate the debtor, the debtor's fraud, or the absence of adequate evidence to support the existence of the debt. Receivables, loans, and other financial obligations that a debtor will not pay are categorised as uncollectible accounts. Accounts that are uncollectible are due to the debtor's bankruptcy or reluctance to pay. The typical return term for goods offered on credit is between 30 and 90 days.
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a is a representation of knowledge that helps us draw inferences based on semantic regularities in the world.
Semantic regularities are features connected to the actions taken in many kinds of scenarios. Perhaps the images we are seeing in our minds are constructed using meaningful patterns from earlier scenes.
Many of us frequently take up a book without any pictures and start imagining an adventure. The reader's mental picture of the events in the story changes with each page turned. But where do these pictures come from? Many people would assume that it is just our imagination creating images of what we want the story to convey. However, studies like the one conducted by Andrew Hollingworth in 2005 imply that it's possible that our ideas are a mirror of what we've already seen and what we anticipate seeing when specific scenarios are named or described. Semantic regularities are features connected to the actions taken in many kinds of scenarios.
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A transaction is ethically legitimate as long as someone wants to buy something and someone else is willing to sell it. When consumers are injured by a product and no one is at fault, the legal doctrine of strict product liability holds manufacturers accountable.
An option is the ideal decision (a). To prove strict liability, a defective product that has already left the producer must be demonstrated.
What does the term "defective item" mean?A product that doesn't function as it should is considered to be faulty. The goal of a patent infringement lawsuit is to make a manufacturer or distributor accountable for any losses brought on by an unsafe or faulty product.
Does broken equate to defective?Broken or faulty goods are deemed defective. A law that is flawed doesn't help the people it's supposed to protect, just like a malfunctioning blender won't make your morning smoothie just way you want it to.
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Suppose a tax of $5 per unit is imposed on a good. The supply curve is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. The tax decreases consumer surplus by $10,000 and decreases producer surplus by $15,000. The deadweight loss of the tax is $2,500. The tax decreased the equilibrium quantity of the good from a. 6,500 to 5,500. b. 5,500 to 4,500. c. 5,000 to 3,000. d. 6,000 to 4,000.
The tax decreased the equilibrium quantity of the good 5,500 to 4,500
what is mean by equilibrium?
The Latin word libra, which means weight or balance, is the origin of the word equilibrium.A situation is in equilibrium when multiple forces or factors are in balance.a situation when conflicting forces or actions are evenly distributed and neither is stronger or more significant than the other.Stable equilibrium, Unstable equilibrium, and Neutral are the three stages. Biology, chemistry, physics, and economics all have different definitions of equilibrium, yet they all refer to the harmony of opposing forces.When all of the forces acting on an object from outside the system of reference are balanced, the object is said to be in equilibrium.To learn about equilibrium refer to
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A taxpayer is considered to be a material participant if he or she spends more than 500 hours in the activity.
a. True
b. False
A taxpayer is considered to be a material participant if he or she spends more than 500 hours in the activity is True.
The taxpayer reflects to those persons who pays taxes. The taxpayer is also defined as the person or business to pay a tax. The tax is collected by the government to improve and development of the country.
Due to the taxpayers, the government performs their activities very well and regularly develop the country. The income tax money is the biggest sources of money for the any government.
That's why, the taxpayer is considered to be a material participant if he or she spends more than 500 hours in the activity.
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Enright Industrial Leasing has effective control processes, allowing its managers to discover ________ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
irregularities and errors
Enright Industrial Leasing has effective control process, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.
The control process is the process in which the establishing standards and methods for measuring performance and measuring the performance.
In the control process, the business analysis is to determine whether performance matches the standard and taking the corrective action, in case there are discrepancies between actual performances and targeted goals.
The Enright Industrial Leasing has an effective control processes, allowing its managers to discover irregularities and errors.
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1. The is the best-known strategic performance measurement system. a. action-profit linkage (APL) b. balanced Scorecard (BSC) c. performance prism d. Cambridge performance measurement process
Balanced scorecard (BSC) is the best-known strategic performance measurement system.
A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance different internal business operations and the results they have on the outside world. Balanced scorecards are widely used by businesses in the US, the UK, Japan, and Europe as a tool for measuring and providing feedback to organisations. Managers and executives must obtain and understand data in order to provide quantitative results. The decision-making of business personnel can be improved with the help of this knowledge. A balanced scorecard is a tool for strategy performance management. It is a well-structured report that managers can use to keep tabs on how the employees under their supervision are carrying out their duties and how these decisions are having an impact on the business.
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effective supervisors develop trust and build credibility with employees, peers, and bosses when they .
Effective supervisors increase trust and construct credibility with employees, peers, and managers when they Keep skills and competencies up to date.
Credibility is a judgment that the target market makes about how plausible the communicator is, adds psychologist Dan O'Keefe. And it is vital because human beings frequently choose to reply to a persuasive message primarily based no longer on the content but on their belief in the communicator.
Credibility as a frontrunner is essential because personnel needs to have the guarantee that whilst you are coping with them and assessing their performance, you are equipped and trustworthy.
Credibility is crucial for leaders fact trust is what holds leaders and fans collectively. Credibility takes time to broaden and may quickly slip away through missteps.
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corporate executives are already well aware of the impact supply chain management can have on their businesses.
False. Corporate executives are already well aware of the impact supply chain management can have on their businesses.
What is meant by supply chain management?The handling of a good or service's full manufacturing flow, from the raw materials to the delivery of the finished product to the customer, is known as supply chain management.
At its most basic level, supply chain management (SCM) is the control of the movement of materials, information, and money associated with a good or service from the acquisition of raw materials to the delivery of the good at the final location.
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corporate executives are already well aware of the impact supply chain management can have on their businesses. T oR f
In a large company, the person who is responsible for comparing cash and the bank balance is the A) CEO B) controller C) CFO D) treasurer
A large company's controller is in charge of comparing the bank balance and the amount of cash on hand.
Is a controller superior than a CFO?
financial team organization
In the end, the CFO is in charge of the finances. They oversee the management and HR divisions together with the corporate director, accountants, and financial analysts. The financial manager is a more usual term for the director of finance.
The controller of a firm is what?
The project executive who is responsible for charge of a company's daily financial activities is known as a finance officer. Finance effective intervention the accounting department and are in charge of the business's accounts and records, which is sometimes referred to as the "company historian".
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Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century. Group of answer choices True False Which of the following magazines underwent a digital remaking following the introduction of a metered paywall in 2014? Group of answer choices The New Yorker Sports Illustrated Time Newsweek
1. True, Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021.
2. True, 1. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century.
3. The New Yorker Sports underwent a digital remaking following the introduction of a metered paywall in 2014
What is meant by digital remaking?The act of employing digital technology to build new business processes, cultures, and customer experiences—or adapt current ones—in order to satisfy shifting business and market requirements is known as digital transformation. Digital transformation refers to this reinvention of company in the digital age.
Business executives must be willing to make significant changes as a result of digital transformation, even if those changes go against their current goals and convictions. Automation and data-driven insights may help a business realize that its current methods are ineffective or wrong.
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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $33,000. If the balance for the Allowance for Doubtful Accounts is a $5,000 credit before adjustment, what is the amount of bad debt expense for the period? a. $5,000 b. $28.000 c. $33,000 d. $513,000
$513,000 is the amount of bad debt expense for the period. The percentage of bad debts that a company anticipates may encounter is calculated using the percentage of receivables method.
The method is used to fill out the allowance for dubious accounts, a counter account that deducts from the asset for accounts receivable. Divide the entire accounts receivable for a period by the bad debt amount, then multiply the result by 100. The main benefit of employing the percent of receivables technique is that it gives more accurate findings than others because it takes into account the company's real receivables as well as the length of time they have been past due.
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in the coming decade, the number of photographers entering the field is expected to , and the demand for professional photographers is likely to .
In the coming decade, the number of photographers entering the field is expected to grow by 17% , and the demand for professional photographers is likely to grow 9% faster than average.
For a wide variety of artistic, technological, and documentary goals, photographers produce images that are permanently preserved. They are used in many different industries to produce photos of a very high professional caliber that are either neutral and factual or stylized and expressive.
A creative imagination is necessary to become a photographer.technical expertise in photography.the capacity to utilize a variety of cameras and lenses.to remain current with developing technology.being able to meet deadlines.a keen sense of color, form, and detail.a strong ability to communicate.To learn more about technology click here
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to minimize extra costs associated with future litigation, many businesses will include in their contracts . question 8 options: forum selection clauses no deal if sued clauses attorney's fees at twice the rate if the other side sues clauses removal jurisdiction clauses no contest clauses
Many companies will add a clause about forum selection in their contracts to reduce extra expenses related to potential litigation.
What does the term "litigation" mean?Making something the focus of a lawsuit will lead to a case, a problem, etc. being resolved in a legal court. The defense or resolution of legal issues between businesses and other organizations falls under the category of corporate litigation. It frequently refers to defending businesses that have been accused of misbehavior.
Why would a business choose to litigation?The main reason you decide to proceed to court may be to create a precedent that you're not a pushover or that you won't be forced into conceding in a baseless issue. The most valuable asset of a corporation may be its intellectual property, which should be safeguarded.
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With a floating exchange rate, an increase in the U.S. demand for Japanese exports will cause the supply curve for yen to: become less elastic decrease. Increase remain unchanged.
Investors will be less likely to supply yen for speculative purposes as the yen appreciates, resulting in a decline in the supply of yen. The Yen will ultimately appreciate as a result.
What causes the supply curve to change?
change in the supply curve An complete supply curve may move to the right or left due to changes in manufacturing costs and associated variables. As a result, a bigger or lower amount is provided at a specific price. The premise of ceteris paribus Assuming no other things change, supply curves show how prices and quantity delivered are related.
What kinds of supply curves are there?
Individual supply curves and market supply curves are the two categories of supply curves, respectively. Market supply curves depict the market supply timetable, whereas individual supply curves show the individual supply schedule.
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Rafia owns stocks of 15 different companies. Together, the stocks have a value of $78,640. Twelve percent of that total value is from one company, Gambrell & Valdez. The twelve percent figure is called a(n): Multiple Choice portfolio weight degree of risk. price-earnings ratio. index value. portfolio return.
Rafia owns stocks of 15 different companies. Together, the stocks have a value of $78,640. 12% of that total value is from one company, Gambrell & Valdez. The 12% figure is called portfolio weight. The correct option is a.
What is portfolio weight?Portfolio weight can be understood as the percentage of an investment portfolio that a particular holding or type of holding comprises. The most basic way to determine the weight of an asset is by dividing the dollar value of a security by the total dollar value of the portfolio.
A portfolio is created with weights in mind.
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For most people, banking services consists of depositing their salaries into _____ and then writing drafts (or using debit cards) on those accounts to buy things.
For the majority of consumers, using banking services entails depositing their paychecks in CHECKING ACCOUNTS then utilizing those draughts to make purchases.
What is meant by banking?The business of banking involves safeguarding other people's money. When make loans this money, interest is generated that benefits both the bank or its clients. A financial entity with permission to receive deposits and issue loans is known as a bank. However, they might also offer additional financial services.
What are the two main types of banking?Commercial banks, which are consumer-facing like Bank of America, and central banks, which are government organisations that oversee monetary policy and regulate the sector, are included in the category of banking and finance.
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the most familiar form of trade credit is , a written contract prepared by the buyer who agrees to pay the seller a certain amount by a certain time.
The most familiar form of trade credit is promissory note, a written contract prepared by the buyer who agrees to pay the seller a certain amount by a certain time.
A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash up front and to make payments to suppliers at a later date.
Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.
Bills payable, open accounts, and promissory notes are all examples of trade credits. An open account is a loose arrangement where the supplier delivers the buyer the products and an invoice.
In a formal arrangement known as a promissory note, the buyer signs the document, acknowledges their understanding of the terms—including the due date—and gives it back to the seller.
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A dealer that holds a large long inventory position should: O a. Raise the ask price. eb. Lower the ask price. C. None of the above.
A dealer that holds a large long inventory position should do None of the above options.
Holding a large long inventory position does not necessarily mean that the dealer should adjust the asking price. Depending on the market conditions and the type of inventory, the dealer may choose to keep the asking price constant or raise or lower it. The dealer might also decide to hedge their long position by taking a short position in the futures market to protect against losses.
The dealer might also liquidate some of their long position if they feel the market is overvalued. Ultimately, the dealer must decide what is best for their business and inventory in order to maximize profits.
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Which of the following statements regarding global segmentation is true? Companies must continually adjust products and marketing strategies to meet the changing needs of global markets. Global segmentation activities are far less complicated than the same activities in the domestic market. When developing a global segmentation strategy, it is best to define segments by geography alone. The "golden rule" for global segmentation is to never alter a firm's marketing mix to serve the needs of global markets.
Companies must continually adjust products and marketing strategies to meet the changing needs of global markets
What do you mean by global market segmentation?
Global market segmentation is the process of identifying separate groups of prospective customers with homogenous features who are anticipated to exhibit comparable purchasing behavior, such as nation groups or individual consumer groups across nations. Segmentation is a critical strategic tool in international marketing since it determines whether a company is considered international or global, depending on the depth and scope of segmentation. While a global company views the entire world as a market and then divides it into manageable divisions, an international company has different marketing tactics for various country segments. The three primary segmentation techniques used in international marketing are macro-segmentation, micro-segmentation, and the hybrid approach.
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True or False: In a marketing context, salespeople with high emotional intelligence are more effective in closing sales with consumers than are salespeople with low emotional intelligence.
emotional intelligence are more effective in closing sales with consumers than are salespeople with low emotional intelligence is true.
What exactly is emotional intelligence?Emotional Intelligence (EI) is the ability to manage your own emotions as well as understand the emotions of others. EI is comprised of five components: self-awareness, self-regulation, motivation, empathy, and social skills.
What are the 4 types of emotional intelligence?The four domains of Emotional Intelligence — self awareness, self management, social awareness, and relationship management — each can help a leader face any crisis with lower levels of stress, less emotional reactivity and fewer unintended consequences
Is emotional intelligence synonymous with empathy?Empathy is a critical component of Emotional Intelligence (EI). Simply put, it means "putting yourself in the shoes of another." As a result, you become more sensitive to the feelings and emotions of others.
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___ refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility. Informing O Probing Liquidating Parading Crowdsourcing
Option D is correct, Parading refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility.
A team strategy is a planned, well-organized arrangement that helps the team achieve its objectives as a whole. Effective strategies need well-considered, practical parameters that the team as a whole builds.
You must give everyone an opportunity to speak in order to develop a successful strategic strategy. Organizing break-out sessions where participants can discuss their ideas in smaller groups or with a partner is one technique to encourage idea sharing and achieve external visibility.
Making a meaningful strategy involves learning how to establish a team strategy, including everyone in the strategic planning process, being realistic about your end goals and how you're going to get there, and communicating with your staff.
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which of the following reforms were part of the third wave of regulatory reforms that came in the 1960s and 1970s?
the groups hooked up have a broader mandate - the organizations established are much less likely to be influenced by a single industry reforms were part of the third wave of regulatory reforms that came in the 1960s and 1970s.
What is institution of agencies?A authorities employer may additionally be hooked up by using either a countrywide authorities or a nation authorities inside a federal system. Agencies can be hooked up by means of law or by govt powers. The autonomy, independence, and accountability of authorities businesses additionally fluctuate widely.
Why was once the organisation established?The first administrative organization was once created with the aid of Congress in 1789 to furnish pensions for wounded Revolutionary War soldiers. Also in the late 1700s, corporations had been created to decide the amount of duties charged on imported goods, however it used to be not until 1887 that the first everlasting administrative organisation was created.
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https://brainly.com/question/25701422#SPJ419) The assistant to the manager did not report to the assistant manager, only to the manager. This reporting relationship was clearly delineated in the:
A) Company culture.
B) Organizational structure.
C) Stakeholder analysis.
D) Company mission statement.
The assistant to the manager did not report to managers' assistant , only to managers. This reporting relationship was clearly regulated in the organizational structure.
What is organizational structure?The system outlining how specific activities are handled to achieve a strategic mission is called an organizational structure. Rules, roles and duties are all part of these activities. The organizational structure also determines the flow of information between departments.
What are the five organizational structures?Each of these five types of organizational structures has its pros and cons, so it's important to consider which one is right for your business: Functional reporting structure. Division or product reporting structure. Process-based structure. Matrix structure. Flat structure.
Why is organizational structure important?Organizational structure is important as it helps companies to implement efficient decision-making processes. By assigning specialized roles to lower-level employees, organizations can make better decisions faster.
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if firms are losing money in a purely competitive industry, then the long run adjustments in this situation will cause the market price to: group of answer choices decrease, and the representative firm's profits will decrease increase, and the representative firm's profits will decrease increase, and the representative firm's profits will increase decrease, and the representative firm's profits will increase
Based on business strategy, and the available options, it is concluded that if firms are losing money in a purely competitive industry, then the long-run adjustments in this situation will cause the market price to increase, and the representative firm's profits will increase.
What are Competitive MarketsCompetitive Market is a term that is used to describe the market situation in which no single consumer or producer has the power to influence the market.
Generally, the competitive market's response to supply and demand fluctuates with the supply curve, a representation of a product's quantity.
Also, in the long-run equilibrium of a purely competitive market, the profit is zero. So, if firms are making money in the short run, they would not leave the market in the long run, increasing the supply that exists in the market.
Alternatively, if firms are losing money in a purely competitive industry, then the long-run adjustments in this situation will cause the market price to increase, and the representative firm's profits will increase.
This is because when companies start losing money, they leave the market in the long term. Thus, the remaining firms will benefit from increased prices because their profits also increase. This is a result of an increase in demand when there are fewer firms in the market.
Hence, in this case, it is concluded that the correct answer is option C. "increase, and the representative firm's profits will increase."
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Use Table: Population Data for Roanoke County. If marginally attached workers are included the labor force in Roanoke County is: Table: Population for Roanoke County Demographic Group Number of Residents Employed 125,000 Unemployed and looking for work 3,000 Not working due to disability 1,000 Not working due to retirement 3.000 Unemployed and not looking for work due to 2.000 discouragement over job prospects Under the age of 16 40.000 Total Population 174,000 O 1.128.000 O 2. 130.000 O 3.131.000 O 4.134.000
The labor force is 130000. Optoin B.
Calculation:
Labor Force = Employed + Unemployed but actively looking for a job
Discouraged workers are called marginally attached workers.
So, in the country of Roanoke, when marginally attached workers are added to the labor force, then,
Labor Force including marginally attached worker = 125000 + 3000 + 2000 = 130000.
So, if marginally attached workers are included in the labor force, the labor force is 130000.
The labor force or workforce is a concept that refers to the pool of people who are either employed or unemployed. Usually used to describe a person who works in a single company or industry but can also apply to geographic regions such as cities states or countries. The labor force participation rate is an estimate of the active labor force in the economy.
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A firm sold property, plant, and equipment for cash proceeds of $6,300. The equipment originally cost $12,240. The company recorded a loss on sale of $3,780. The company uses the indirect method to prepare its statement of cash flows.
Which of the following amounts would be included in cash from operations and cash from investing, respectively?
Select one:
a. None of theses are correct
b. $0 and $6,300
c. $3,780 and $0
d. $3,780 and $6,300
e. $6,300 and $3,780
$6,300 and $3,780 amounts would be included in cash from operations and cash from investing, respectively.So, Option E is the correct answer.
There are basically three different types of activities:
1. Operating activities: These include cash receipts and cash payments as well as other transactions that have an impact on working capital.
2. Investment activities: It keeps track of transactions involving the purchase and sale of fixed assets.
3. Financing activities: It keeps track of any actions that have an impact on shareholder equity and long-term liabilities.
Since the gain on the sale of the fixed asset is subtracted from the net income and the loss on the sale of the fixed asset is added, the operating activities are where the gain on the sale of the fixed asset is represented.
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Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their:
Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their consultant.
Who in the UK is an ethnic minority?Except for the white British group, all ethnic groups are referred to as "ethnic minorities" in this context. White minorities like the Gypsy, Roma, and Irish Traveler communities are examples of ethnic minorities.
Which ethnic minority is a good illustration of?Numerous studies conducted in the United States have revealed stark and enduring disparities in health among racial and ethnic minorities (including Blacks/African-Americans, Hispanics/Latinos, Asians and Pacific Islanders, as well as American Indians and Alaska Natives) across a wide range of significant health indicators.
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umberto gets 20 utils from consuming guacamole and 15 utils from consuming salsa; fabian gets 30 utils from the same guacamole and 15 utils from salsa. given this information, a researcher can conclude that
a. Fabian gets more satisfaction from both guacamole and salsa.
b. Umberto will get more satisfaction from consuming one more unit of guacamole than Fabian will.
c. Umberto and Fabian prefer to consume a combination of guacamole and salsa.
d. Umberto and Fabian both prefer guacamole to salsa.
e. Umberto will get more satisfaction from consuming one more unit of salsa than Fabian will.
This information, a researcher can conclude that Fabian gets more satisfaction from both guacamole and salsa. Placing the study into the context of earlier research on the subject you've examined will help you quickly respond to the "so what?" inquiry.
Highlighting the significance of your ideas. Do not be timid. Researcher have the opportunity to go into further detail on the significance of your findings in the satisfaction conclusion. A summary is a succinct explanation or description of the most important ideas in a text, piece of study, or essay. The piece of the text, essay, or book that provides the final response to the research question is known as the conclusion.
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Natural resources are:
Multiple Choice
Tangible assets used in the operations of the business.
Consumable assets such standing timber, mineral deposits, and oil and gas fields.
Not subject to allocation to expense over their useful lives.
Current assets because they are depleted.
Depleted using a straight-line method.
Natural resources are consumable assets such standing timber, mineral deposits, and oil and gas fields.
Natural resources are assets that can be used up. Over the course of their useful lives, natural resources are subject to expenditure. Natural resources cannot be recycled and are not renewable. The income statement is debited for depletion costs related to the utilization of natural resources.
Natural resources are substances obtained from the earth that are used to sustain life and provide for human needs. Natural resources consists things like stone, sand, metals, oil, coal, and natural gas. Air, sunlight, soil, and water are examples of other natural resources.
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FILL IN THE BLANK. according to the text, economists are starting to understand that matter(s) just as much as to occupational success according to the text, economists are starting to understand that matter(s) just as much as to occupational success extroversion; conscientiousness social dynamics; personality dynamics personality traits; cognitive ability iq; cognitive ability
According to the text, economists are starting to understand that matter(s) just as much as occupational success according to the text, economists are beginning to understand that matter(s) is personality traits.
The five broad personality traits defined by the theory are extraversion (also regularly spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism. The 5 fundamental character trends is a concepts that evolved in 1949 through D. W.
Many present-day persona psychologists believe that there are 5 basic dimensions of personality, frequently called the "big five" personality traits. these five primary personality developments are extraversion (additionally frequently spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism.
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