Make an argument for globalization or for protectionism

Answers

Answer 1

Proponents of protectionism argue that their policies could increase GDP, create jobs at home, and argument strengthen a nation's international reputation. Government initiatives to limit international commerce in order to support.

Domestic businesses are referred to as de-globalization or protectionism. A government can impose argument protectionist policies through a variety of measures, including tariffs, import quotas, product standards, and subsidies. The Rich States' and its Multinational Corporations' (MNCs') agenda The corporate agenda (the agenda of big business) and the ideology of the developed countries to dominate and control the world economic system in a wider, deeper, and more intense way are the main criticisms levelled at globalization.

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Related Questions

5 REFREEZE PROCESSES I DID AND MY REFREEZE PATTERNS

Answers

The last step, known as Refreezing, is when people internalize new behaviors or changes, embrace them as a part of their lives, and build new connections.

If thawed food has ice crystals or is at a temperature of 40°F or lower, it can be safely refrozen. Generally speaking, it's safe to refreeze food that has been thawed in the refrigerator because most refrigerators are kept between 34 and 40°F.

Instead, it must first be melted (unfrozen), then poured into a different mold (changed), and then frozen again in the new shape to achieve a shape transition (refreeze). Organizations may better prepare for a new status quo by viewing change as a process with three clearly defined stages.

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A food worker has finished
cutting raw chicken and is
about to chop vegetables.

What must the food worker
do before chopping the
vegetables to prevent cross-
contamination?

O a. Wash hands and change gloves
b. Apply a chemical sanitizer to the
vegetables
c. Wipe off the cutting board with a linen
towel
d. Soak the cutting board and knife in cold
water

Answers

A) wash Hands and change gloves. You cannot apply chemicals to vegetables and cold water won’t kill microbes.

Washing his hands and changing gloves, a food worker must do before chopping the vegetables to prevent cross-contamination. Therefore, option (A) is correct.

Who is a food worker?

A food worker is a person who is involved in the preparation, handling, or serving of food in a professional capacity. This includes individuals who work in a variety of settings, such as restaurants, cafes, bakeries, catering companies, food trucks, and other food service establishments.

Food workers are responsible for ensuring that food is prepared and served in a safe and hygienic manner, following established food safety protocols and regulations.

The food worker must wash hands and change gloves before chopping the vegetables to prevent cross-contamination. Thus option (A) is correct.

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The maximum quantity that an economy can produce, given its existing levels
of labor, physical capital, technology, and institutions, is called:
real GDP.
potential GDP.
aggregate supply.
aggregate demand.

Answers

The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called potential GDP.

Thus, the correct option is B.

What is GDP?

The total worth of all commodities and services generated as final goods and services inside a nation's boundaries throughout a year is known as the gross domestic product (GDP), which is calculated after deducting all intermediate consumption.

The Federal Republic of Germany's gross domestic product for 2018 was 3,388 billion.

GDP is significant since it provides information on the size and health of an economy. Real GDP growth is frequently used as a gauge of the economy's overall health. In general, an increase in real GDP is seen as a positive indicator of the health of the economy.

When a nation has a positive trade balance or surplus, its GDP rises. However, a trade deficit occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP.

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If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce. (Express answer in dollars and cents. Round to the nearest cent.)

Answers

As per the concept of Currency exchange, If the item is 2 dollar 50 cents for 15 ounces, then it is 5 dollar 70 cents per ounces.

Currency exchange:

Currency exchange refers the licensed business that allows customers to exchange one currency for another.

Given,

If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce.

Now, we have to express the value in dollars and cents.

Basically, we know that,

1 dollar = 100 cents.

But here we have to convert only the decimal value in the price,

So, we have to take the decimal values in it,

Then we get,

.49 and .7.

Now, we have to multiply 100 with this value in order to convert it into cent,

=> .49 x 100 = 49 cents

When we round off it then we get 50 cents.

=> .7 x 100 = 70 cents.

Therefore, it can be expressed as, 2 dollar 50 cents and 5 dollar and 70 cents.

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Which step would prevent cross-
contact when preparing an
allergen-free meal?
O a. Removing bones or pits from food
b. Cooking the food for a longer amount
of time
O
O
O
c. Serving allergen-free meals before
other meals
d. Replacing the allergens on a pre-made
meal with safe foods

Answers

The step that would prevent cross-contact when preparing an allergen-free meal is option D:  Replacing the allergens on a pre-made  meal with safe foods.

How can you prepare a meal without allergens while avoiding cross-contact?

The phrase "allergy safe" may have also come up in conversation. There are eight primary allergens, so the term "allergen-free" designates goods that are free of the FDA's list of the eight most common allergens as of the present. These foods include peanuts, tree nuts (including coconut), fish, shellfish, eggs, dairy, wheat, and soy.

Therefore, the use pans and utensils that have been thoroughly washed with soap and water when preparing meals free of allergens. Cook the meal free of allergens first if you're cooking multiple dishes at once. Away from any potential splatter from other foods that are cooking, keep it covered.

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How can one measure demand curve?

BLANK helps in studying how many units (or the volume) customers would buy at a proposed price.

Answers

Demand helps in studying how many units (or the volume) customers would buy at a proposed price.

What is demand?

The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.

According to the economic principle known as the law of demand, customer demand for a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.

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Which of these is NOT a role of financial institutions?

reducing transaction costs

diversifying assets to reduce risk

reducing information costs

increasing product demand

Answers

Reducing Information costs is not the role of Financial Institutions.

Financial institutions are crucial because they offer a market for money and assets, enabling effective capital allocation to the most beneficial uses. As an illustration, a bank accepts customer deposits and lends the money to borrowers. Without the bank acting as a middleman, it would be difficult for one person to discover a suitable borrower or understand how to manage the loan. As a result, the depositor can obtain interest through the bank. Investment banks similarly locate investors to whom they advertise a company's shares or bonds. Commercial banks, investment banks, insurance companies, and brokerage firms are the most typical categories of financial institutions.

These organizations provide both individual and business clients with a wide range of goods and services, including deposits.

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Which were public speaking tips Jennifer provided in the training?

Question 3 options:

Never look a person in the eye


engage the audience


speak quietly


make cultural slurs

Answers

Answer:

Never look a person in the eye.

Public speaking techniques Jennifer provided in the training, Never look a person in the eye. Thus, option first is correct.

What is public speaking?

Public speaking, also called oratory or oration, has traditionally meant the act of speaking in the face of a live audience. Today it includes any form of speaking to an audience, including pre-recorded speech delivered over great distance by means of technology.

The other most significant sort of oratory is silently comprehending the methods and means of the few. Public speaking can be readily accomplished via varied knowledge and variety in which the speaker speaks honestly in front of the crowd and also captivating the audience so that they may feel engaged and tend to join the dialogues.

Nowadays, public speaking may take any shape that is done in schools and colleges for dissertations presentation and also the comprehension of a variety of techniques to make the concept of the work understood. Hence, options first is correct.

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Please help me look for the answer to this question:
Victor Mineli, the new controller of Ivanhoe Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings:

(what is in the red box is incorrect)

Answers

Dec 31, 2019:

DR Depreciation Expense $4,250

CR Accumulated Depreciation $4,250

Dec 31, 2020:

DR Depreciation Expense $8,500

CR Accumulated Depreciation $8,500

Revised Annual depreciation to be charged on Dec 31, 2022: $5,375

Dec 31, 2022:

DR Depreciation Expense $5,375

CR Accumulated Depreciation $5,375

Balance Accumulated Depreciation as on Dec 31, 2022: $26,625

What is depreciation?

Depreciation is charged upon assets to reduce the value of the assets, depreciation is the allocation of the value of the asset. An asset is capitalized and is reduced buy depreciation over the useful life of the asset, this useful life of the asset is the duration for depreciation and as it is used in the period and earn income.

Victor minelli the new controller of Ivanhoe company has reviewed the expected useful lives and salvage value of the assets and that needs to be incorporated in the depreciation expense for the year 2022, the revised depreciation is calculated and entries are made accordingly.

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Which of the following would cause a decrease in aggregate demand?

A. a decrease in interest rates through monetary policy
B. a decrease in government spending
C. a decrease in taxes
D. a depreciation in the U.S. dollar relative to foreign currencies
E. All of the above.

Answers

A decrease in government spending cause a decrease in aggregate demand. Hence, option b) is correct.

Consumer spending, company spending, government expenditure, and exports minus imports are added up to create aggregate demand, which is the total amount of goods and services that consumers are willing to demand in an economy.

Economic factors that impact aggregate demand are:

Expectations of future inflationValue of the domestic currencyInterest ratesHousehold wealth

Public consumption of products and services, investments, and transfer payments are all ways that the government spends money. These outlays have an impact on aggregate demand, which is essential for long-term economic expansion and growth.

Aggregate demand does not decrease when there is:

US dollar depreciationinterest rates decreaseTaxes decrease

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the expensing of a natural resource is called a. depletion. b. depreciation. c. replenishing. d. amortization.

Answers

Answer: The correct answer is option (A) Depletion.

Explanation: depletion is an accountancy technique used to summarize the expenses of extracting natural resources such as minerals, timber and oil from the planet.

depletion is a non-currency expense that lessens the cost value of an asset increasingly via scheduled charges to income.

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Which of the following is the correct way to communicate nonverbally in a boardroom meeting?

Question 7 options:

hands on the table


elbows propped on table


reclined in chair


hands on head

Answers

Answer:

B. Elbows propped on the table.

Explanation:

Every other options seems inappropriate for the situation given. Reclined in chair is informal and inappropriate for a meeting. Hands on head is also informal and unprofessional. Elbows propped on table is disrespectful and not mannerly when in a formal setting such as a boardroom meeting.

ABC company has been breaking even all year. The board of directors has hired a new manager and charged her with the responsibility of maximizing profits. How does the manager determine what steps to take to make the firm profitable?

Answers

Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up. You can also develop new goods or services or grow into new market segments.

What are the steps to take to make the firm profitable?

This manual shows how to evaluate the profitability of your company, provide growth for your bottom line, and plan and manage change. Your profitability may be boosted by careful expense control. Although most organizations may discover some waste to eliminate, it's crucial to avoid compromising the quality of your goods and services in order to save money.

It is efficient to use activity-based costing to determine the true cost of particular company activities. By allocating sections of all your expenditures, including those for employees, real estate, and raw materials, to certain activities, activity-based costing enables you to determine how much it costs you to perform a given business function.

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Rachelle owns a business with her brother, ryan. last year, their company earned a profit of $200,000. rachelle paid taxes on her $100,000 share on her individual tax return because?

A (wrong)
C (wrong)
D (maybe)

Answers

Rachelle paid taxes on her $100,000 share on her individual tax return because she and her brother own a partnership that has pass-through taxation.

A tax return is a form (or series of forms) submitted to a taxing body that lists income, expenses, and other crucial tax data. Tax returns give taxpayers the option to determine their tax obligations, plan out their payments, or ask for reimbursement for any taxes they have paid in excess of what is required. In the majority of nations, anybody or any business with taxable income, such as wages, interest, dividends, capital gains, or other earnings, is required to file tax returns annually.

A partnership is a legal agreement between two or more parties to run a business and split the profits. Partnership agreements come in a variety of forms. In particular, all partners in a partnership business share earnings and liabilities equally, although in other cases, partners may have restricted liability.

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Kao Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Kao Engines’ production process uses a single plantwide factory overhead rate based upon direct labor hours to allocate overhead to the three products. The three products for 20Y2 are as follows: Product Budgeted Volume (Units) Direct Labor Hours Per Unit Price Per Unit Selling Price Per Unit Pistons 7,500 0.40 $12 $40 Valves 16,000 0.50 6 75 Cams 4,000 0.20 20 60 The estimated direct labor rate is $25 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Kao Engines is $377,600. Question Content Area If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. fill in the blank 1 of 1$ per dlh b. Determine the factory overhead and direct labor cost per unit for each product. Product Direct Labor Hours Per Unit Factory Overhead Cost Per Unit Direct Labor Cost Per Unit Pistons fill in the blank 1 of 9 dlh fill in the blank 2 of 9$ fill in the blank 3 of 9$ Valves fill in the blank 4 of 9 dlh fill in the blank 5 of 9$ fill in the blank 6 of 9$ Cams fill in the blank 7 of 9 dlh fill in the blank 8 of 9$ fill in the blank 9 of 9$ Question Content Area c. Use the information provided to construct a budgeted gross profit report by product line for the year ended December 31, 20Y2. Include the gross profit as a percent of sales in the last line of your report, rounded to one decimal place. Kao Engines Inc. Product Line Budgeted Gross Profit Reports For the Year Ended December 31, 20Y2 Description Pistons Valves Cams $- Select - $- Select - $- Select - Product Costs $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total product costs $Total product costs $Total product costs $Total product costs Gross profit $Gross profit $Gross profit $Gross profit Gross profit percentage of sales Gross profit percentage of sales % Gr

Answers

a) The plantwide factory overhead rate is $32 per direct labor hour.

b) The factory overhead and direct labor cost per unit for each product are:

                                             Pistons        Values         Crams

Overhead cost per unit       $12.80         $16.00          $6.40

Direct labor cost per unit    $10.00         $12.50          $5.00

c) A budgeted gross profit report by product line for the year ended December 31, 20Y2 for Kao Engines, Inc.

Kao Engines Inc.

Product Line Budgeted Gross Profit Reports

For the Year Ended December 31, 20Y2

                                                    Pistons        Valves         Cams

Sales Revenue                          $300,000  $1,200,000    $240,000

Product Costs:

Direct materials Costs                $90,000      $48,000        $16,000

Direct labor costs                          75,000      200,000         20,000

Overhead                                      96,000      256,000         25,600

Total Product Costs                  $261,000    $504,000       $61,600

Gross profit (loss)                       $39,000    $696,000     $178,400

Gross profit percentage of sales  13%             58%                 74%

What is the gross profit?

The gross profit is the difference between the total revenue and the cost of goods sold.

The gross profit percentage of sales is computed by dividing the gross profit by the sales revenue, and multiplied by 100.

                                                             Pistons        Values      Crams

Product Budgeted Volume (Units)       7,500         16,000      4,000

Direct Labor Hours Per Unit                   0.40            0.50         0.20

Total direct labor hours                        3,000          8,000         800  11,800

Direct labor rate = $25 per hour

Total direct labor costs                   $75,000     $200,000       $20,000

Direct Materials Cost  Per Unit               $12                $6          $20

Total Direct Materials Costs          $90,000       $48,000        $16,000

Total overhead                              $96,000      $256,000      $25,600

Selling Price Per Unit                            $40                $75         $60

Sales Revenue                            $300,000   $1,200,000    $240,000

Product Costs:

Direct materials Costs    $90,000      $48,000        $16,000

Direct labor costs             75,000       200,000         20,000

Direct labor cost per unit  $10              $12.50           $5

Overhead                         96,000       256,000         25,600

Overhead cost per unit     $12.80            $16             $6.40

Total Product Costs     $261,000     $504,000       $61,600

Budgeted Volume (Units)  7,500          16,000           4,000

Product unit cost              $34.80         $31.50           $15.40

Budgeted Overhead = $377,600

Total direct labor hours = 11,800 hours

Predetermined overhead rate per direct labor hour = $32 ($377,600/11,800)

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explain in your own words the process of creating and updating a variable. how does the counter pattern with event work?

Answers

Answer:

Creating a variable and updating a variable is put on the top to allow for a call back to the variable in the program.V

Variables allow for changes in the program and are important for this reason. The Counter Pattern Event works as an event program so the initial sequential program gets disrupted and a change in an event happens.

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Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances,

Answers

Answer:

6. Jeri Lammers, a part-time teller at Second State Bank, is married and claims  allowances.

Explanation:

He who’s the person?

The ______________ of an excise tax depends on the ________ of the taxed good's supply and demand curves.

Answers

The incidence of an excise tax depends on the price elasticity of the taxed good's supply and demand curves.

In the price elasticity, it is a measure of the effect of a price change or a change in the quantity supplied on the demand for a product or service.

A good's price elasticity of demand is a measure of how sensitive the quantity demanded to its price, when the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

The price elasticity of the taxed good's supply , means any supply of goods, is leviable to tax under the Act.

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24. A Large coca-cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers. They used this analysis to build the following graph: Suppose x0 = 9 and X1 =7. Should the vendor expect to sell 7, more than 7, or less than 7 bottles of coke after raising the price to $2.00 if coke is a normal good?

Answers

As per the effect on the given situation, the vendor should expect to sell less than units of soda if there is a price increase.

Vendor:

Vendor refers the individual or company that sells goods or services to someone else in the economic production chain.

Given,

A Large Coca-Cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers.

Here we need to find the effect of increasing the price on the market.

According to the given question, in this case, the normal goods can be divided into two effects: substitution and income.

Here the substitution effect has a straight association with the consumers.

And it changes cheaper goods when the price of the commodity rises. This effect will always results in the fall in consumption of price-increased goods and the increase in consumption of all the other goods.

Whereas the Income effect is the cause of the decreasing consumption of both goods, and it directly connects with the consumer's income.

This one is also, their consumption of goods will be reliant on their income.

Therefore, if there is a price increase in soda, the final consumption will decrease by applying the substitution and income effect. And also, both effects will fall in the same direction, causing final consumption to be less than units.

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Why did Mirabeau B. Lamar easily win the presidency in 1838?

Question 1 options:

He ran against Sam Houston.


He was against an annexation to the United States.


He believed in expanding the Texas Rangers and Navy.


He refused to accept recognition from Europe.

Answers

He won because he believed in expanding the Texas rangers and the navy

an individual, age 45, would life to help pay for his daughters college expenses in 10 years. which annuity would be appropriate for this individual?

Answers

An individual, age 45, would life to help pay for his daughters college expenses in 10 years. deferred annuity would be appropriate for this individual.

A deferred annuity is an agreement with an insurance provider that guarantees the owner will receive a regular income or lump amount at a later time. Deferred annuities are frequently used by investors as a supplement to other retirement income sources like Social Security.

A retirement fund where the investor is not yet prepared to retire is the most typical example of a deferred annuity. They wait till they are retired before taking withdrawals (payments). The fund accrues interest during this period. Even when the investor is taking money out of the fund, the fund is still earning interest.

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What does a person's will list?
what their current financial goals are
what should happen to their finances after
they die
O what types of insurance they have
what their plan for retirement is

Answers

A person's will should include, "what should happen to their finances after

they die."

The goal of behavioural finance, an area of study in economics, is to comprehend people's financial decisions by looking at the psychology behind people's motives and general human behaviour patterns. We may claim that these choices are affected by personal and family finances because they are inextricably tied to those elements.

These two sciences—economics and psychology—have "flir-ted" at various points without ever really settling on a point in common. For a long time, Homo Economicus—a hypothetical human being who produces and consumes only on the basis of his own rationality—was the ideal that Economics perceived in the components it investigated.

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in perfect competition, ‘firms are price taker’. With help of an example, explain how firms in perfect competition are price takers?

Answers

In perfect competition , firms are price taker as they sell the product at equilibrium price and the price and output is determined by forces of  market demand and supply.

For example, equilibrium price is $20 . Producers assumes to sell all  the toys it want at  price of $20. No matter how much it produces, the producer will sell at the market price only.

They cannot set their own price as firms are price takers not makers. They have no reason to charge price lower than its market price.

The buyers have full knowledge about the product and the products are also identical in nature , therefore they cannot charge higher price than market price.

Perfect competition firms have horizontal demand curve at market price as average revenue is equals to market revenue.

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Which of the following activities does NOT belong to the controlling phase of project​ management? A. shift resources B. revise plans C. define the project D. monitor​ resources, costs,​quality, and budgets

Answers

Define the project activities does NOT belong to the controlling phase of project management.

There are five stages in project management. Initiation, Planning, Execution, Control, and Closure are these steps. The "defining the project" action happens during the project's planning phase. As the name implies, attempts are done during the controlling phase to get the project back on track if it has veered off course.

The regulating phase of project management includes activities including resource reallocation, plan updates, and monitoring important project characteristics like resources, costs, quality, and budgets, among others.

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___________consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.

Answers

Marketing analytics consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.

Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services, possibly including the choice of a target market's target audience. For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Creating interest in a company's goods or services is the main goal of marketing. This is accomplished through market study, research, and consideration of the interests of a company's ideal clients, then luring them in with content that would be instructive and beneficial to the target audience. Discovering the needs of the consumer and fulfilling those demands is the process of marketing.

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if you have a business cafe what is your mission in your business

Answers

Answer:

If I would have a business cafe, my mission would be to make it famous. I know, not possible as McDonald's, but still possible, at least! Marketing ideas are the things that matter the most. Ideas like adding a big name board, a different decor, an amazing home-food menu, and most importantly, overall management and customer service as the most kind and really helpful. Because sometimes, people rate cafes bad, or low just because of the service management. They act rude towards the customers or ignore them which makes the customer feel "never coming here again". This is what causes your cafe to be underrated. Finally, my mission is to make my cafe famous. Like McDonald's.

Which was mentioned in the training as tips for public speakers to keep audience engaged?

Question 10 options:

speaking loudly


using visual aids


speaker moves as they speak


active hands

Answers

Answer:

The answer is using visual aids.

other receivables do not include? a.taxes receivable. b.trade receivables. c.interest receivable. d.officers and employees receivable.

Answers

The officers and employees receivable do not include in other receivables.

The other receivables is the other accounts  receivables or payable are financial assets consisting of trade credit and advances and other items due to be received or paid.

Those other receivables that meet all the requirements of the "Eligible Receivable" other than that the obligor is not an acceptable obligor.

The other receivables are assets that client owe to a company and are converted into cash in a less than a year.

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Which of the following businesses or individuals is most likely to benefit from microfinance?
A. a multinational corporation that needs a loan to finance further global expansion

B. a profitable local restaurant chain that is looking to open a 5th location

C. a single mother in a developing country who is looking for a way to sell her handmade fabrics

D. All of these choices would benefit from microfinance.

Answers

A multinational corporation that needs a loan to finance further global expansion [OPTION A} will get benefit from microfinance.

What is microfinance?Microfinance, also known as microcredit, is a type of banking service provided to unemployed and low-income individuals or groups who do not have access to financial services.Institutions involved in microfinance are the most common type of lending service, with microloans varying. many banks offer checking and savings accounts, microinsurance products, etc. additional services, and some banks offer financial and business services. education. The purpose of microfinance is to ultimately enable the poor to become self-sufficient.it is a type of  Banking service for unemployed or low-income individuals or groups.

thus option A is the correct answer.

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In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer.

a. True
b. False

Answers

In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer is true.

Business performance management, also referred to as corporate performance management and enterprise performance management, is a collection of performance management and analytical procedures that allows for the management of an organization's performance in order to accomplish one or more predetermined goals. Business performance—which is closely related to commercial effectiveness—is defined by a company's capacity to implement an ideal organisational structure with the goal of providing a good or service that meets the needs of customers and consumers. Successful workers achieve deadlines, generate revenue, and enhance the company's reputation through satisfying interactions with clients. When workers don't do their jobs well, customers believe that the business doesn't care about them and will look elsewhere for assistance.

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