Free enterprise works by allowing people to do what they make stylishly and trade for the rest. Competition is a driving force of free enterprise, performing with lesser effectiveness and lower prices for the consumer.
Countries embracing free request principles profit from an advanced standard of living. Uneven profitable growth occasionally, growth is fast, and other times it's slow. Growing gaps between rich and poor rich feel like getting richer, and the poor feel like getting poorer. Large “force-side” tendencies enterprises will combine and reduce competition.
It has to break a specific problem the business has. One of the major benefits of free enterprise operations is that it improves the company's overall effectiveness. Thanks to a better information workflow, simpler IT structure, process robotization, data storehouse, and standardization.
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In what type of foreclosure is the lender required to file suit asking a court to order the borrower to pay the mortgage debt by a certain date or the lender will automatically gain full title to the property
When a lender files a suit to request a court order authorizing a foreclosure sale, judicial foreclosure is officially started.
Which type of foreclosures exempts the lender from bringing a formal lawsuit?In essence, a non judicial foreclosures means that the lender can foreclose on your house without having to appear in court, as opposed to a judicial foreclosure where the lender must do this in order to get a ruling.
Who may bring a claim for property foreclosure?When a person who is not the mortgage holder redeems a mortgaged property, such as a subsequent mortgagee, a co-mortgagor, a buyer of a mortgaged property, a guarantee of a mortgaged debt, or a mortgagor's creditor,[19] that person assumes the role of the mortgagee.
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If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column, the cause could be:A. An expense entered in the Balance Sheet and Statement of Retained Earnings Debit column. B. A revenue entered in the Balance Sheet and Statement of Retained Earnings Credit column. C. An asset amount entered in the Income Statement and Statement of Retained Earnings Debit column. D. A liability amount entered in the Income Statement and Statement of Retained Earnings Credit column. E. An expense entered in the Balance Sheet and Statement of Retained Earnings Credit column
Cost that was recorded in the balance sheet & statement of retained earnings' credit column. This is due to the fact that the expense ought to have been placed inside the Debit column.
How are retained earnings defined?After paying all of a company's direct and indirect expenses, income taxes, and dividends to shareholders, the remaining profit is known as retained earnings. This is the equity stake in the company that can be used to finance purchases of new machinery, R&D, and marketing initiatives, among other things.
Retained earnings serve what function?A crucial financial document called the report of retained earnings details the amount of earnings that a business has accrued and maintained on hand since its founding. The figures reveal information about a firm's financial health and the owner's perspective on expanding and reinvesting in their company.
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Melissa, a marketing manager for an amusement park, has a goal of increasing sales for the month of October. Melissa needs to first spend time mapping out the necessary steps she and her team of sales representatives must take so that they can increase their sales numbers. Which managerial function is she performing
She is fulfilling the managerial duty of planning. If Melissa, a marketing manager for an amusement park, has a goal of increasing sales for the month of October.
What is the MIS on management information systems?Management Information Systems (MIS) is the study of how people, technology, processes, and data interact with information systems. A specific kind of information system that aids managerial level tactical decision-making is also referred to by this term. The MIS assists in the creation of information, communication, problem identification, and decision-making. Therefore, the MIS is crucial to the management, operation, and administration of an organisation.
Among the above, which best sums up management information systems (MIS)?Utilizing and managing information systems to assist firms in achieving their goals and objectives They aid managers in making standard decisions.
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Why is capital important to the production of goods and services?
The assets physical machinery, plants, and tools that enable higher levels of work productivity are referred to as capital. By improving capital equipment productivity, more items can be produced, raising the level of living.
Productivity is a measure of how effectively commodities or services are generated. Productivity is sometimes expressed as a ratio of the entire output to a single input or the total input used in a production process, or output per unit of input, typically over a predetermined time period. The most typical illustration is the (aggregate) measure of labor productivity, where GDP per worker is one example. The choice of a productivity definition (including those that do not relate to ratios of output to input) is dependent on the objective of the productivity measurement and/or the availability of data. The main cause of variability across productivity measures is often (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity measure.
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Seth is a licensee representing seller Dora. Which of these items is Seth required to disclose to prospective buyers about the property, if Dora hasn't already done so?
The pink geraniums in the window boxes are fake.
Dora keeps sunflowers planted in the back yard because the local birds can eat the seeds.
The neighborhood kids like to ride their bikes in Dora's driveway.
Dora doesn't use the back door because the steps leading to the yard are rotted.
Dora doesn't use the back door because the steps leading to the yard are rotted if required to be disclosed to the prospective buyer.
Who are the prospective buyers?Any potential buyer who might be a good fit for the purchase of a business that is being marketed in a sell-side transaction is considered a prospective buyer. In the world of mergers and acquisitions, a prospective buyer is someone who is added to a list of potential buyers. Listing your home and keeping track of who visits it are the best ways to find prospective buyers. After that, you'll need to get in touch with buyers or their agents and request their feedback when the time is right.
Although the majority of buyers fall into more than one of the following categories, they are typically grouped into one of them.
The Individual Consumer.The Purchasing Strategist.The Buyer with Synergy.The Buyer in the Industry.The buyer with money.To know more about Potential buyers, visit:
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Choose the most appropriate action for making a large purchase.
a. use a credit card with attractive perks and high interest
b. use a low interest credit card and wait until the last month to pay off debt
c. even if you have to make a few late payments, use a credit card for simplicity
d. pause before purchasing to ask yourself, "do i need this item and can i afford it?"
please select the best answer from the choices provided a b c d
The most appropriate action for making a large purchase is pause before purchasing to ask yourself, "Do I need this item and can I afford it?"
Hence, Option D is correct.
What do you mean by payment?
Cash (bills and change) is one of the most widely used payment methods.The buyer's account is used to order personal checks (US checks).Debit Card: When using a debit card to make a purchase, the money is taken right out of the customer's account. In general, using credit cards as a form of payment when shopping online is the safest and most secure option. Your accounts and personal information are protected using credit cards' online security features, such as fraud monitoring and encryption.An IRA or other qualified retirement plan can be funded before the age of 5912 without incurring IRS penalties by using a SEPP, or substantially equal periodic payment.To know more about Credit card here
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What is the future value of $4,900 invested for 8 years at 7 percent compounded annually? A.) $8,397.74 B.) $8,419.11 C.) $8,511.15 D.) $8,513.06 E.) $8,520.22
B.) $8,419.11 . The worth of an asset at a future date is referred to as its future value. It is the present value multiplied by the accumulation function; it is the nominal future quantity of money.
that a particular sum of money is "worth" at a certain period in the future value assuming a specific interest rate or, more broadly, rate of return. The value does not account for future inflation or other variables that may impact the real worth of money. This is utilized in calculating the time value of money. Money's worth changes throughout time: $100 now is worth less than $100 in five years. This is owing to the fact that one can put $100 today in an interest-bearing bank account or any other investment, and that money will grow/shrink as a result of inflation.An investor with some money has two choices: spend it now or invest it later. The financial benefit of storing it (rather than spending it) is that the money worth will grow due to the interest he would earn from a loan (the bank account on which he has the money deposited).
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Which type of society is a technologically sophisticated society that is preoccupied with consumer goods and media images
Information processing and control are the main economic activities in a post-industrial society. The technologically advanced postmodern society is consumed with consumer products and media imagery.
Does the word "technologically" even exist?English definition of technologically: In a way that is connected to or incorporates technology: She enjoys staying current with technology. They are the world's most technologically advanced country.
What is savvy in terms of technology?A technology becomes "smart" when it can interact and collaborate with the other networked technologies, enabling automatic or adaptive functioning as well as remote availability and operation from any location.
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A firm has total assets of $310,100, net fixed assets of $168,500, and liabilities of $425,650. The average daily operating costs are $2,980. What is the value of the interval measure
Interval measure is obtained by dividing liquid or quick assets by the average daily expenses of a company, $168,500/$2,980 = 56.54 days
Quick assets are objects that a corporation owns that have a market or exchange value and that are either already in monetary form or can be quickly turned into cash. Therefore, among most intensely liquid assets that a corporation owns are quick assets. Trade receivables, stocks and bonds, and cash and equivalents are some of them. Quick assets are utilised by businesses to compute several financial ratios, particularly the quick ratio, which are used in judgement call.
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What is the significance of the wealth gap?
The racial wealth gap refers to the disparity in assets of typical households across race and ethnicity.
What is mean by wealth gap?The term “wealth gap” refers to the gap in earnings between two groups such as the 1% and the 99%, white and black Americans or, more broadly, the haves and the have-nots. The wealth gap, on the other hand, gets at assets and net worth (assets minus debts), rather than looking at just income. Whereas the wage gap is the difference in earnings from labor among different races and ethnicities, the wealth gap describes the disparity of cumulative assets across races and ethnicities. This disparity results from differences in income and in the historical accumulation of assets across generations. The term reflects disparities in access to opportunities, means of support, and resources.
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Zionade Company manufactures a certain type of alloy. The alloy undergoes a hardening process. The hardening unit is operating at full capacity and is a production constraint. The unit contribution margin and the number of hours of hardening treatment used by the alloy are as follows: Unit selling price $97.50 Unit variable cost (22.50) Unit contribution margin $75.00 Hardening treatment hours per unit 3 hrs. Assuming Zionade produces 2,000 units of the alloy, calculate the unit contribution margin per production constraint hour.
Answer:
Solution:
Step 1: Calculate the total contribution margin of the 2,000 units:
Total contribution margin = Unit contribution margin x Number of Units
Total contribution margin = $75.00 x 2,000
Total contribution margin = $150,000
Step 2: Calculate the total number of hours required for hardening treatment:
Total hours of hardening treatment = Hardening treatment hours per unit x Number of Units
Total hours of hardening treatment = 3 hrs x 2,000
Total hours of hardening treatment = 6,000 hrs
Step 3: Calculate the unit contribution margin per production constraint hour:
Unit contribution margin per production constraint hour = Total contribution margin / Total hours of hardening treatment
Unit contribution margin per production constraint hour = $150,000 / 6,000
Unit contribution margin per production constraint hour = $25.00
Sam's Sushi serves only a fixed-price lunch. The price of $9 and the variable cost of $4 per meal remain constant regardless of volume. Sam can increase lunch volume by opening and staffing additional check-out lanes. Sam has three choices:
Monthly Volume Range
(Number of Meals) Total
Fixed Costs
1 Lane 0–5,000 $ 26,000
2 Lanes 5,001–8,000 31,000
3 Lanes 8,001–10,000 36,600
Required:
a. Calculate the break-even point(s).
b-1. Calculate the profit (or loss) for each alternative, assuming Sam can sell all the meals he can serve.
b-2. Should Sam operate at one, two, or three lanes?
The break-even point(s) will be 5200, 6200, 7320 for the 1 lane, 2 lane and 3 lanes respectively. There will be loss in the 1 lane and profit in the remaining lanes. Sam should opearte 3 lanes as it has highest profit.
What is a Break-Even Point?
Break-even point will aid in more intelligent product pricing. Pricing involves a lot of psychology, but understanding how it will impact your profitability is just as crucial. Particularly while ensuring that you can cover all of your obligations.
Sales price /unit - variable cost/ unit = contribution margin/ unit.
=9-4 = 5
BEP = Fixed Cost / margin of contribution per unit
1 lane =26000/5= 5200
2 lanes =31000/5= 6200
3 lanes =36600/5 = 7320
The 1 lane break even is not feasible as 5200 is more than the relevent range
The two possible break evens are 6200 and 7320
b. Meals Contribution Fixed costs Profit/(Loss)
1 lane 5000 25000 26000 -1000
2 lanes 8000 40000 31000 9000
3 lanes 10000 50000 36600 13400
Sam should opearte 3 lanes as it has highest profit.
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What is the best definition of economic data brainly?
Economic data and statistics are information that explains the history and present state of the economy. Usually discovered in the form of a time-series that includes multiple time periods. Surveys of persons, businesses, and industries in a single economy or for the global economy can be used to collect data.
The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion.
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Economic data is numerical information that provides insight into the performance and direction of various economic indicators such as inflation, employment, GDP and other statistics. Economic data is often graphed or visualized in order to make it easier to interpret, and can be used to inform business decisions and inform government policy.
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What three questions must a society answer when it is trying to determine what type of economic system it wants?
In order to address the three fundamental economic problems of what, how, and for whom to create, every society, independent of its political form, must develop an economic system.
The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion, and public policies .
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Product costs flow through the inventory accounts until the goods are sold, at which time they are matched against sales on the ______. Multiple choice question. income statement statement of cash flows balance sheet'
The gross profit is calculated by comparing product costs, which pass through inventory accounts until the products are sold, with sales on the income statement.
The costs of direct labour, direct and indirect materials, and industrial overhead are considered product costs. They may also include the labour expenditures involved in providing a service to a client. When the items are sold or the services are provided, the flow of product costs via the several inventory accounts (raw materials, work in progress, finished goods) is matched against the sales to calculate the gross profit on the Income Statement.
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How does a production possibilities graph show opportunity cost?
A production possibilities graph shows opportunity cost by illustrating the trade-off between two different production options. It shows how much of one good must be given up in order to produce more of the other.
It also shows the maximum amount of both goods that can be produced given limited resources. The opportunity cost of one good is shown by the slope of the production possibilities graph, which is the amount of the other good that must be given up in order to produce more of the first good. Applying the following formula, opportunity cost is determined as follows: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on the Investment Selected to Pursue.
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A seller received a monthly rental payment of $3,000 in advance. At closing, the seller has earned only $900 of this rent. What should appear on the closing statement
The closing statement should reflect the seller receiving $2,100 in unearned rent.
What is seller?Seller is a person or company who sells goods or services to a customer. A seller is typically involved in the process of marketing, negotiations and closing a sale. The seller may be a manufacturer, wholesaler, retailer or service provider. The seller’s objectives are to sell their products at the highest possible price, satisfy the customer and generate a profit.
This amount would be credited to the seller on the statement and would represent the difference between the total amount of rent received ($3,000) and the amount of rent that has been earned at the time of closing ($900). The amount of $2,100 should also be noted in the closing statement as an adjustment to the net proceeds due to the seller.
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What can happen to the economy when the level of unemployment is very low?
When the level of unemployment is very low, it can indicate that the economy is doing very well. This can lead to increased consumer spending, which can result in higher GDP.
What is the economy?
The economy is the system of production, distribution, and consumption of goods and services in a society. It is the foundation of a nation’s wealth and progress, and is the primary driver of its society and culture. The economy is composed of individuals, businesses, organizations, and governments that interact to produce and distribute goods and services. Economic activities include producing and selling goods and services, investing in businesses and financial markets, planning and constructing infrastructure, and providing services such as education and healthcare. The economy is also influenced by external factors such as changes in tax policy, global economic events, and economic trends in other countries. Governments use economic policy to manage the economy and promote economic growth. This includes creating laws and regulations, controlling inflation, managing national debt, and stimulating the economy through taxation and spending.
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Opportunity costs are defined as Group of answer choices as the difference between the benefits from a choice and the benefits from the next best alternative as the value of the best alternative not chosen only in terms of money spent as the value of all the alternatives not chosen as the difference between the benefits from a choice and the costs of that choice
Opportunity costs are defined as a choice and the benefits from the next best alternative. So option b. is correct. Opportunity cost is the forgone advantage that would have been derived from an alternative not chosen.
To adequately assess the opportunity costs, the costs and benefits of every alternative available must be contemplated and reflected upon against the others. Evaluating the significance of opportunity costs can navigate people and organizations to better profitable decision-making processes. Opportunity cost is a precisely internal expense used for strategic consideration; it is not included in accounting gain and is left out of external financial reporting.
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A contract entered into by a minor is voidable at the option of either of the contracting parties.
true/false
Answer:
True.
Explanation:
Under the law, a contract entered into by a minor is voidable at the option of either of the contracting parties, meaning either party can choose to void the contract. This is due to the fact that minors lack the legal capacity to enter into binding contracts.
How good is an 800 credit score?
An 800 credit score is considered to be an excellent credit score. It is in the top tier of credit scores and indicates that you have a strong credit history and are likely to be approved for most types of credit.
What is credit score?A credit score is a numerical expression based on a statistical analysis of a person's credit files, indicating the creditworthiness of a borrower. It is primarily based on the information found in an individual's credit report, including data such as payment history and outstanding debt. This score is used by lenders to determine whether or not a person is eligible to receive credit. A higher credit score typically indicates that a borrower is less likely to default on a loan and is therefore more likely to receive credit. It is important to maintain a good credit score in order to be seen as a reliable borrower.
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What is an arrangement in which the supplier maintains title to the inventory until it is used? A. postponement. B. consignment inventory
an arrangement in which the supplier maintains title to the inventory until it is used B. consignment inventory
Inventory (in American English) or stock refers to the goods and materials a business keeps on hand with the goal of reselling, manufacturing, or utilising them (in British English). The location and shape of stocked commodities are the key concerns of inventory management. Prior to the regular and scheduled manufacturing and stocking of materials at various locations within a facility or at multiple sites of a supply network, it is important to take action.The idea of inventory, stock, or work in process (or work in progress) has been extended from manufacturing systems to service firms by broadly defining it as "any work that is or has occurred prior to the completion of production."
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Suppose Deborah is a cinephile and buys only movie tickets. Deborah deposits $1,000 in a bank account that pays an annual nominal interest rate of 5%. Assume this interest rate is fixed—that is, it won't change over time. At the time of her deposit, a movie ticket is priced at $10. 0
Deborah can buy 5 movie tickets with the interest she earns each year. The concept used here is simple interest.
Simple interest is a way of calculating the interest earned on a deposit or loan where the interest is calculated only on the original principal amount. It is called simple interest because it does not take into account the interest that has been accumulated over time (compound interest).
To calculate the interest earned by Deborah, we use the formula for simple interest:
Interest = Principal x Interest Rate x Time
In this case, the principal is $1,000, the interest rate is 5% (expressed as 0.05), and the time is 1 year.
So, Interest = $1,000 x 0.05 x 1 = $50
This means that Deborah earns $50 in interest each year.
To calculate the number of movie tickets she can buy with the interest earned, we divide the interest earned ($50) by the cost of a movie ticket ($10):
Number of movie tickets = $50 / $10 = 5
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What action (besides stopping buying apple juice) might Reiko take if the price of apple juice rises above $2.00
Reiko can quit buying apple juice, but she can also switch to something else, which must cost less than apple juice. Products that can be used in lieu of another product are known as replacement goods.
Replacement Goods are goods that are given to the customer in replacement of defective goods as a result of the warranty these goods must match the replaced goods' specifications and be compatible with earlier iterations of the pack.
The product selected to replace a previous product that has either totally vanished from the market or has seen a decline in its market share in either a particular establishment or the market at large.
Consider that the company works out of a 50-year-old building. The company then spent $5,000 to repurchase the structure. Therefore, it will cost $15,000 to construct the identical building today. Therefore, the building's replacement cost is $15,000.
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Why is it better to buy in bulk in business?
The cost per unit is almost always lower when buying in bulk. This is a significant benefit of purchasing goods in bulk.
How much does buying in bulk save?Most of the time, buying in bulk results in lower unit costs.
Purchasing goods in bulk has this as a major benefit. The majority of the time, purchasing an item in bulk results in cost savings for each usage.
Bulk purchasing can lower your overall costs for supplies and products by lowering the cost per unit. Just be careful when selecting the goods you buy in bulk to prevent buying more than you need.
Consumers can save an average of 25% more by purchasing items in bulk than they can by purchasing them separately for the 20 products that were examined.
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A strong password is a good step towards good security, but what else is recommended to secure authentication
In addition to a strong password, additional security measures are recommended to secure authentication. Multi-factor authentication (MFA) is a good option for additional security.
MFA adds another layer of authentication by requiring more than one authentication factor. This can include something you know (such as a password), something you have (such as a phone or token), or something you are (such as biometric information). In addition, regular password updates are recommended to ensure that accounts are not vulnerable to compromise. Organizations should use encryption for data transmission and storage to ensure that data is protected from unauthorized access. All of these measures can help ensure authentication security and protect organizations and their users.
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In florida and some other states, cellular emergency calls are directed to the state police (*__________ on your cellular phone)
I need help with this. Is it
FPH
FHP
HPF
HFP
In Florida and some other states, cellular emergency calls are directed to the state police (*FHP on your cellular phone).
What is FHP?A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol. The primary law enforcement organization in charge of looking into traffic accidents and breaking the law on Florida's highways is the state's highway patrol. A total of 2,496 full-time employees, including 1,982 sworn positions and 514 non-sworn positions, are permitted for the Florida Highway Patrol. For Human Peoples, Forest Health Protection (USDA Forest Service), Fractional Horsepower, and Functional Health Pattern are all abbreviations for For Human Peoples. A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol (FHP). Upholding highway safety is the Florida Highway Patrol's (FHP) top priority. Troopers achieve this by patrolling frequently and carrying out enforcement.
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Which of the following is not an advantage for new companies entering the marketplace? a. They are more highly motivated. b. They can often hire younger workers. c. They are locked into an existing brand image. d. They can often hire less expensive workers.
very enthusiastic or determined because you really want to do something: Our staff members are hard-working and highly motivated.. The
In which of the following instances is being a first-mover NOT in particular advantageous?When markets are sluggish to receive the progressive product supplying of a first-mover, and quick followers possess enough sources and advertising muscle to overtake a first mover.
Why is it superb to rent from within?“When you promote from within, human beings see possibility and become less in all likelihood to go round in their careers,” Chansler explains, elaborating: It's amazing for morale when employees can see an possibility to develop inside their organization.
Which of the following is not one of the competitive forces in an industry environment in Porter's model?Political factor is not one of the Porter's five force factor. The Porter's five forces tool is a simple but powerful tool to evaluate the power of business.
Porter's Forces Analysis assumes that there are important forces that determine competitive power in a business situation.
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How can I raise my credit score 20 points fast?
This is how raise your credit score 20 points fast is given below:
1. Pay down your credit card balances.
2. Dispute any errors on your credit report.
3. Make all of your payments on time.
4. Limit your credit applications.
5. Increase your credit limit.
6. Become an authorized user on someone else
A credit score is a three-digit number that represents a person’s creditworthiness. It is calculated by credit bureaus based on an individual's credit history, which includes information about their debts and repayment history. A good credit score is generally considered to be above 700, while a score below 620 indicates a bad credit score. A credit score can have a significant impact on an individual's ability to access loans and other forms of credit. It is also used by lenders to assess the risk of lending money to a particular borrower. A good credit score can therefore help an individual secure loans with more favourable interest rates and repayment terms.
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Which of the following individuals can perform the action mentioned without first obtaining a real estate license in Missouri
A homeowner selling their own home can perform the action mentioned without first obtaining a real estate license in Missouri.
What is the license?
A license is a legal document that provides permission to use a product, service, or asset. It outlines the terms and conditions of how the product, service, or asset can be used and is typically granted by the party who owns the rights to the product, service, or asset. A license can grant rights such as the ability to use, modify, or distribute a product, service, or asset. These rights are typically based on the license holder's agreement to abide by the terms and conditions outlined in the license. Licensing is an important part of protecting intellectual property rights and ensuring that the rights of the owner are respected.
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Complete Question
Which of the following individuals can perform the action mentioned without first obtaining a real estate license in Missouri?
A. A homeowner selling their own home
B. A real estate attorney
C. A real estate broker
D. A property manager