The value of the marginal product of any input is equal to the marginal product of that input multiplied by the: market price of the output.
How to find the marginal product?The marginal product can be defined as the change that occur due to the addition of an output to a unit of input .
The value of marginal product can be calculated by making use of this formula
Value of Marginal Product = Marginal physical product × Average revenue price of the product.
Therefore the statement that complete the statement is market price of the output.
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Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. in an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating.
a. true
b. false
Government servants attempt to compel oligopolies to compete rather than to cooperate in an effort to bring allocation of resources closer to the optimal point. The given statement is correct.
What exactly was meant by "interest"?
Interest is the money borrowed or the cost of lending money. Interest is most commonly expressed as an annual proportion of the loan amount. This percentage is recognized as the loan's interest rate.
What are the four kinds of interests?
Fixed interest, variable involvement, annual percentage rate foremost interest rate, marked down interest rate, simple involvement, and compound interest are the most common types of interest.
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When entering into an income based repayment plan option, a student must contact their ________________________ to select the repayment plan option
Before selecting a Repayment plan, the student must contact their loan servicer.
Before we take a decision to choose any kind of loan repayment plan, one must contact their service providers to ensure that they know every single detail about the plan and then take it. A loan servicer helps us to understand which repayment plan is suitable for us. The final amount of loan and tenure is given by them.
Every year, borrowers repaying under this plan must resubmit documentation of income and family size to their lender(s). These can get rejected if when enquiring they find that the borrower is not fit to repay.
If the borrower's income changes during the year, then they can apply for a recalculation of the monthly repayment amount.
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which economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone
In this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
Who was John Maynard Keynes?British economist John Maynard Keynes (1883–1946), often considered as the father of contemporary macroeconomics, is the source of the name, theories, and guiding principles of Keynesian economics.
Keynes warned that the harsh terms the Versailles peace deal imposed on Germany to finish World War I would spark a new European conflict in The Economic Consequences of the Peace, published in 1919.
The difference between Keynesians and other economists is their support for activist measures to lessen the amplitude of the business cycle, which they consider to be one of the most pressing issues in the economy.
Therefore, in this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
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Seasonality causes comparability problems in ratio analysis. a common solution is to use an average account balance as opposed to an ending account balance.
a. True
b. Falsw
Seasonality causes comparability problems in ratio analysis. Using an average account balance rather than an ending account balance is a typical solution.. TRUE
How is ratio analysis impacted by seasonal factors?The worth of the company's assets may be arbitrarily increased or decreased by seasonal inventory changes or revenue fluctuations that are not based on sales.
Ratio analysis is the examination or evaluation of the line items included in the company's financial statements. It could be used to examine a variety of business aspects, including profitability, liquidity, solvency, and organizational effectiveness.
Numerous common ratios are frequently employed in accounting to assess the overall financial health of a firm or other entity.
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how does an increase in the price level affect the quantity of real gdp supplied in the long run?
When the money wage rate remains unchanged and the price level rises, the real wage rate declines and employment grows. The amount of real GDP supplied grows.
The real wage rate increases and employment declines when the price level decreases and the money pay rate remains constant. Real GDP supply is falling in volume. Real GDP deviates from potential GDP and moves along the AS curve when the price level changes but the money pay rate and other resource costs stay fixed.
The AS curve leans to the right as potential GDP rises along with aggregate supply. Additionally, the GDP potential line moves to the right. When the money pay rate or other resource rates fluctuate, short-run aggregate supply adjusts and the AS curve moves as well. The link between the amount of real GDP provided and the price level, while all other factors affecting production plans are held constant, is known as the aggregate supply.
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what term describes the registration of a domain name (website address) solely for the purposes of trying to sell the name back to the rightful trademark owner for a profit?
Cybersquatting describes the registration of a domain name (website address) solely for the purposes of trying to sell the name back to the rightful trademark owner for a profit.
What is Cybersquatting?
The word "cybersquatting," as it is known in the general public, is most usually used to refer to the intentional, abusive, and bad faith registration of a domain name in violation of trademark rights. But because of its widespread use, the phrase means different things to different individuals. For instance, while some individuals distinguish between the two phrases, others add "warehousing," or the process of registering a number of domain names that match to trademarks with the goal of selling the registrations to the trademark owners. [1] In the earlier meaning, the cybersquatted can make an exorbitant offer to sell the domain to the person or business that owns a trademark that appears inside the name.
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what would be a way for the federal reserve to slow down the economy when it is growing too quickly or is inflationary?
The open market operations is the way for the federal reserve to slow down the economy when it is growing too quickly or is inflationary.
What does it mean when the economy is growing too quickly ?Things will become more expensive if the economy expands more swiftly than it can support. When consumers want to purchase more than stores and companies are able to provide, this occurs. Gross domestic product is used to gauge economic growth (GDP).
So long as that growth rate is sustainable, a rapidly expanding economy is desirable. The economy, however, occasionally grows too quickly. This is referred to as "overheating" in economics. When the economy is unable to meet all of the demand from consumers, businesses, and the government, it is said to be overheating.
The Federal Reserve wants to affect interest rates in order to curb inflation. The Federal Reserve normally boosts interest rates to slow the economy and lower inflation when it is out of control.
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who probably has more elastic demand for a hertz rental car? person a reserves a car online weeks before a trip; person b walks up to a hertz counter after he walks off an airplane after a four-hour flight? who probably gets charged more?
The buyer who made a reservation in ahead will pay less because their desire is more flexible.
When Hertz demands far to much, it's simple to visit alternative car hire webpage and instantly make a comparison, so the individual whom purchases in ahead likely possesses a more flexible requirement. However, after a lengthy travel, few individuals are eager to put it on hold in the Hertz section.
find out how much it will cost, and afterwards enter into Nationwide or Entrepreneurship queue and wait once again. Due to their desire to skip the lineups at all other leasing firms, this responsible party is most likely paid in advance.
As opposed to individuals with price elasticity, those in close substitutes are now more responsive to price changes.
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a company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. the total monthly rent for the building is $30,000. the company allocates $20,000 of total rent expense to the first floor and $10,000 of total rent expense to the second floor.how much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the first floor? multiple choice $2,000. $8,000. $4,000. $3,000. $5,000.
The monthly rental expense that should be allocated to a department that occupies 10,000 square feet on the first floor is $8,000
What type of expense is rent?Rent is any fee paid in exchange for a small business's use of real estate that it does not own. Contrary to variable costs, rent expenses are a form of fixed operational costs or absorption costs for a business. A one- or two-year contract is frequently required for rental charges. Mortgage interest, property tax, running costs, depreciation, and repairs are all allowable deductions for rental costs on a tax return.
Given:
Rent allocated to 1st floor:
= $30,000 × 2 ÷ 3
= $20,000
There is 50,000 square feet. Hence, equally divided between first floor and second floor.
So 25,000 square feet for each floor.
Thus,
Rent allocated to 10,000 square feet:
= ($20,000 ÷ 25,000) × 10,000
= $8,000
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A _____ plan identifies the objectives of the advertising campaign and clarifies the strategies which will be used to accomplish the objectives.
An advertising plan identifies the objectives of the advertising campaign and clarifies the strategies which will be used to accomplish the objectives.
Strategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "art of the general", which included several subsets of skills including military tactics, siegecraft, logistics etc., the term came into use in the 6th century C.E. in Eastern Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact.[2]
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when government increased spending during the 1930s in an attempt to create jobs and stimulate the economy, this is an example of expansionary:
When government increased spending during the 1930s in an attempt to create jobs and stimulate the economy, this is an example of expansionary fiscal policy.
Fiscal policy refers to adjustments made to the way the government spends and collects money in an effort to affect the course of the economy. By altering the level of expenditure and tax income, the government can have a short-term influence on the amount of economic activity (typically measured by GDP).
Economic activity is predicted to be sped up by expansionary fiscal policy, which entails either an increase in government spending, a decrease in tax revenue, or a combination of the two. By contrast, contractionary fiscal policy entails either a decrease in spending, an increase in tax revenue, or a combination of the two.
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tanning company analyzes its receivables to estimate uncollectible accounts. the accounts receivable balance is $340,000 and credit sales are $1,000,000. an aging of accounts receivable estimates that $13,600 of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if allowance for doubtful accounts has a credit balance of $2,800 before adjustment?
The adjusting entry that Tanning Company will make for the estimated outstanding of $13,600 is as follows:
Adjusting Journal Entry:Debit Bad Debt Expenses $10,800
Credit Allowance for Doubtful Accounts $10,800
(To record the bad debt expense and adjust the allowance for doubtful accounts to a balance of $13,600.)
What is an adjusting journal entry?An adjusting journal entry is made at the end of the financial period to cause the accounting records to agree with the accounting principles.
For example, the accrual concept requires the recognition of transactions for the period whether or not they involve cash movements.
The prudence principle requires allowances to be made for doubtful uncollectible accounts.
Accounts receivable balance = $340,000
Credit sales = $1,000,000
Estimated uncollectible = $13,600
Allowance for doubtful accounts balance = $2,800 (credit)
Bad Debt Expenses $10,800 Allowance for Doubtful Accounts $10,800 ($13,600 - $2,800)
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the file taxdata contains information from federal tax returns filed in 2007 for all counties in the united states (3,142 counties in total). create an excel table based on these data. using excel table functionality, answer the following questions. click on the datafile logo to reference the data. (a) which county had the largest total adjusted gross income in the state of florida? miami-dade county (b) which county had the largest average adjusted gross income in the state of florida?
Palm Beach is Florida's wealthiest city. In Palm Beach, the average household income is $169,500. Additionally, Palm Beach is the wealthiest city in Florida, home to 30 billionaires as of 2022 estimates.
What is Florida's mean gross income?Transportation of the populace, Workers age 16 and older's average commute time (in minutes), 2017–2021, 27.9 Earnings & Poverty The median household income from 2017 to 2021 will be $61,777.
Which county in Florida has the highest income?A Smart Asset research found that the Monroe State in the Florida Keys is leading the in the way, but two Treasure State counties aren't far behind.
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where there is evidence that the utility of inventory goods, as part of their disposal in the ordinary course of business, will be less than cost, what is the proper treatment g
Where there is evidence that the utility of goods to be disposed of in the ordinary course of business will be less than cost, the difference should be recognized as a loss in the current period, and the inventory should be stated at net realizable value in the financial statements.
Utilities are wanted for regular life, so even all through a down marketplace they may be still a very good funding - see the listing of securities under.
To offset the dearth of lengthy-time period growth, most utilities pay a healthful dividend that enables offer a higher average long-term go back.
The application definition in economics is derived from the idea of usefulness. An economic accurate yields application to the volume to which it's beneficial for pleasing a purchaser's need or need.
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the most familiar example of the free-flow layout is a(n): select one: a. automobile showroom. b. fashion boutique c. furniture store. d. supermarket or grocery store. e. jewelry store.
The most familiar example of the free-flow layout is a supermarket or grocery store.
Using recognizable design patterns, displays, or signs is not intended in a free-flow plan to guide the consumer. Customers have more freedom to engage with products and find their way around in this retail shop design since no set design guidelines are followed.
You have the most creative freedom with a free-flowing layout. Floor designs and shelves that must be positioned at specific angles are not your only options. And unlike the other layouts, you don't urge customers to follow a trail through your business; rather, you encourage them to wander and move in any direction.
Hence the correct option is D
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since personal selling involves face-to-face contact with customers, salespeople make little if any use of technology in performing their jobs. since personal selling involves face-to-face contact with customers, salespeople make little if any use of technology in performing their jobs. false true
This statement is true. since personal selling involves face-to-face contact with customers, salespeople make little if any use of technology in performing their jobs.
Technology is the application of understanding to attain realistic dreams in a specifiable and reproducible way. The phrase technology might also suggest the product of such an enterprise. the usage of generation is widely prevalent in medicine, technological know-how, enterprise, communique, transportation, and day-by-day existence. technologies include physical objects like utensils or machines and intangible gear which includes software programs.
Many technological improvements have caused societal adjustments. The earliest recognized technology is the stone device, used within prehistoric technology, followed by way of fire use, which contributed to the growth of the human brain and the development of language in the Ice Age. the discovery of the wheel during the Bronze Age enabled wider journey and the creation of more complicated machines. latest technological developments, which include the printing press, the cell phone, and the net have reduced conversation obstacles and ushered within the understanding economic system.
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Select the incorrect statement regarding the contribution margin income statement.
a. The contribution statement is acceptable for external reporting provided a balance sheet is alsoprovided.
b. The contribution margin represents the amount available to cover fixed expenses andthereafter to provide profit.
c. The contribution margin approach requires that all costs be classified as fixed or variable.
d. Assuming no change in fixed costs, a $1 increase in contribution will result in a $1 increase inprofit.
Option (a): As long as a balance sheet is also supplied, the contribution statement is acceptable for external reporting.
How is the revenue statement formatted for external reporting?For the purpose of external reporting, GAAP specifies the use of absorption costs. The traditional income statement is used to apply this costing method. Product costs and period costs are the two groups of costs that are separated by absorption costing.
Which reports incorporate third-party reporting?The most formal level of external reporting is the disclosure of a full set of audited financial statements, which include an income statement, balance sheet, and statement of cash flows. The recipients may consent to receiving unaudited financial accounts for interim periods.
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cash inflows and outflows involving stockholders and creditors are classified on the statement of cash flows as activities.
On the statement of cash flows, cash inflows and outflows involving creditors and stockholders are categorized as financing activities.
In the cash flow statement, the cash flow between a company's owners and creditors is referred to as financing operations. The actions involve the issuance and sale of shares, the payment of cash dividends, and the addition of loans.
Transactions between a firm and its lenders and owners to obtain or repay resources are referred to as financing operations. In other words, financial operations finance the business, pay back loans, and give owners a profit. Offering and buying back shares are examples of financing activity.
Receiving cash through stock issuances or spending cash to repurchase shares are two examples of frequent cash flow items resulting from a company's financing operations. receiving money as a result of issuing or paying off debt. dividends to shareholders in cash.
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Today the right to peaceably assemble is equated with the right of free speech and with freedom of the press. These rights and freedoms became merged
a. when Congress passed a law doing so.
b. when the states amended the Constitution to do so.
c. when a new constitutional convention was held.
d. by precedent.
e. by practice.
Often, the theoretically correct, or rational, policy is not enacted because
a. administrators lack the discretion to adopt rational policies.
b. bureaucrats, as humans, behave irrationally.
c. administrative rules hinder consideration of all options.
d. the policy will result in too much job loss.
e. the 'right' policy is politically unacceptable.
The American Bar Association's role in screening candidates for the federal bench was defined by
a. national law.
b. custom.
c. the Constitution.
d. the Judiciary Act of 1946.
e. the Supreme Court.
For many years, when government turned its attention to a major problem, its usual approach was to
a. create a coalition of business and citizen groups.
b. assign the problem to an existing agency with a minimum of disruption of routine.
c. delay action until sufficient staff and resources became available.
d. create a new agency or bureau.
e. create a study of the problem.
Today the right to peaceably assemble is equated with the right of free speech and with freedom of the press. These rights and freedoms became merged when Congress passed a law doing so.
No law may be passed by Congress that establishes a certain religion, forbids its practice, limits press or speech freedom, or restricts the ability of the public to peacefully assemble and petition the government for redress of grievances. Unless a similar proposal is currently being examined in that chamber, if it is approved, it advances to the other chamber. If neither chamber approves it, the measure is dead. If a legislation receives the support of both the House and the Senate, it is sent to the President.
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alisha is preparing an email for an internal audience. who would be most likely to receive that email?
Alisha is preparing an email for an internal audience. One of her coworkers would likely to receive that email.
To accomplish your objectives, you must use focused marketing campaigns to impact internal audiences or those people who make up your business. By treating your internal audience with respect and as valuable stakeholders, you can improve information exchange, foster a culture of trust, and increase employee engagement. This will also assist you in better informing your staff.
Those who share the author's ideals or frame of reference are considered internal audiences. They might share an origin or be classmates, club members, or individuals. A common vocabulary is used by internal audiences.
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If $25,600 is invested at 5% compounded monthly, how much will this investment be worth in 7 years? round your answer to two decimal places
If $25,600 is invested at 5% compounded monthly, the money will be worth $36,403.09 after 7 years.
The monthly Compound Interest formula is:
[tex]A = P (1 + \frac{\frac{r}{12} }{100})^{12n}[/tex]
where,
P is the Principal amount = $25,600
r is the Interest Rate = 5%
n is the time (in years) = 7 years
Therefore, the value of the investment after 7 years will be:
Investment = 25600 {1 + [(5/12)/100]¹²ˣ⁷
Investment = 25600 {1 + (0.417/100)]⁸⁴
Investment = 25600 {1 + 0.0042}⁸⁴
Investment = 25600 (1.0042)⁸⁴
Investment = 25600 * 1.422
Investment = 36,403.085
Therefore, Investment = $36,403.09 (Rounded to 2 decimal places)
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what policy document generally describes mutual goals between organizations? choose the best response.
An MOU is a policy document that generally describes mutual goals between organizations.
What Is a Memorandum of Understanding (MOU)?An agreement between two or more parties that is detailed in a formal document is known as a memorandum of understanding. Although it does not have legal force, it expresses the parties' will to proceed with a contract. As it outlines the parameters and goals of the discussions, the MOU may be viewed as the beginning point for negotiations.
These memos are most frequently used in international treaty negotiations, but they may also be utilized in risky corporate negotiations like merger discussions. MOUs outline the expectations that all parties to a discussion have agreed upon.
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An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that: a) it restricts the money supply, making it harder for banks to lend money. b) it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs. c) it makes borrowing for homes and major purchases more expensive. d) it raises the possibility of higher unemployment because lower interest rates slow economic growth.Which of these is NOT a benefit of countries adopting the euro? a) It allows the euro to be a major reserve currency. b) It becomes easier to address regional differences in economic performance. c) It reduces transaction costs of doing business across member countries. d) It promotes cooperation among countries who now share a common monetary policy
An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that: it restricts the money supply, making it harder for banks to lend money.
The correct option is (A).
What is the federal reserve?
The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics.
The interest rate at which depository institutions overnight lend reserve holdings to other depository institutions on an uncollateralized basis is known as the federal funds rate in the United States. Reserve balances are sums kept at the Federal Reserve to satisfy the reserve requirements of depository institutions.
The interest rate that banks charge one another to lend or borrow excess reserves overnight is known as the federal funds rate. Banks are required by law to maintain a minimum reserve.
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explain the effect on the demand for reserves or the supply of reserves of the following fed policy action: an increase in the interest rate paid on reserves a. this would decrease the demand for reserves. b. this would decrease the supply of reserves. c. this would raise the interest rate at which the demand curve becomes horizontal. d. this would raise the interest rate at which the supply for reserves becomes horizontal.
The impact of the ensuing Fed policy move on the supply or demand for reserves would be increased by this, increasing the rate of interest at which demand curve becomes horizontal.
What is the Federal Reserve's primary goal?monitoring and controlling banks and other significant financial institutions to guarantee the stability of the country's banking and financial sector and to safeguard the credit rights of customers. preserving the financial system stability and limiting potential systemic risk in the financial markets.
What is the current Fed rate for 2022?Visit How You Make Money for additional details. The target range for the federal funds rate was recently increased by the Federal Reserve to 4.25%–4.50%. The rate now stands at its highest level since December 2007 as a result of the 50 basis point hike. The rate increase for 2022 is the seventh in a row.
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assuming that the ricardian equivalence holds completely true, what would be the impact of a $10 million increase in the government surplus of a country? group of answer choices private savings would decrease by exactly $10 million, so private investment and trade balance would stay constant the sum of private savings, trade surplus and private investment would increase by exactly $10 million the trade surplus would decrease by exactly $10 million, so private savings and private investment would stay constant the trade deficit would increase by exactly $10 million, so private savings and private investment would stay constant
According to the Ricardian Equivalence, a government surplus would not affect private savings, private investment, or the trade balance. So private savings and private investment would stay constant.
What exactly is a Ricardian equivalence?According to the economic theory known as Ricardian equivalence, the impacts on the economy as a whole will be the same whether government spending is paid for with current taxes or with future taxes (and current deficits).
What would occur if Ricardian equivalence were to hold?If Ricardian equivalence is entirely accurate, then any increase in government spending that raises the budget deficit would result in a proportionate fall in consumption spending since households would be more inclined to save in anticipation of their eventual tax obligations.
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is this statement true or false? the aegean sea is an arm of the mediterranean between turkey and greece.
The statement, the Aegean sea is an arm of the Mediterranean between Turkey and Greece, is true.
What was the name of the Aegean Sea before?The Aegean Sea was referred to as an archipelago in the past. Greek mythology states that it was named after Aegeus or Aegeas, the father of Theseus, who hurled himself into the sea and perished there after believing his son to be dead. Greek mythology describes Aegeus as the grandson of Cecrops and the son of Pandion. He was the father of Theseus and the king of Athens. When Aegeus believed his son to be dead, he drowned in the sea. The Aege was thereafter used to refer to the sea.
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________ focuses on problem solving and performance improvement, or speed with excellence, of a well-defined project.
The answer to this question is Lean Six Sigma.
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a zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted.
true
false
The assertion that the upcoming twelve months of operations would always operate on a rolling budget is untrue.
Are Budget and Avis the same?The American holding company for vehicle rental companies, Avis Budget Group, has its main office in Perfect area, New Jersey. It is the parent firm of various companies, including Zipcar, Budget Truck Rental, Avis Car Rental, Dollar Rent a Car, and Budget Rent a Car.
Which is the superior rental agency, Budget or Avis?Despite the fact that there isn't much of a pricing difference, budget is thought to be less expensive. However, Avis is more well-known since it has existed for a longer time and has a richer past. Win for Avis. Limits on mileage Unless otherwise stated, the majority of Avis' rental cars come with unlimited mileage, whilst Budget's are more constrained.
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suppose the economy is in long-run equilibrium. in a short span of time, there is a large influx of skilled immigrants, a major new discovery of oil, and a major new technological advance in electricity production. in the short run, we would expect question 7 options: the price level to fall and real gdp to rise. the price level and real gdp both to stay the same. all of the answers are possible. the price level to rise and real gdp to fall.
Suppose that long-term equilibrium exists in the economy. There is a rapid increase in the number of skilled immigrants,
a significant new oil discovery and a significant new technological advancement in the generation of power. We would anticipate option 7 in the immediate term: a decline in the price level and an increase in real GDP. Both the market price and real gdp will remain unchanged. All solutions are conceivable. rising price levels and a decline in real GDP
GDP
The total monetary or market worth of all the products and services produced inside a nation's boundaries during a certain time period is known as the gross domestic product (GDP). As a general indicator of total domestic production,
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Explain the importance of paying cash for college. then, using examples from the text, share ideas of how to cash flow your postsecondary education.
Paying for college is crucial to establishing a solid financial foundation. If you take out loans, your entire security be determined by them because typical student loan requires roughly 30 years to completely pay off.
What do you mean by postsecondary education?Postsecondary education includes instruction in trade and vocational schools, universities, and colleges. The result of postsecondary education is frequently a certificate, license, or academic degree. Postsecondary education is essentially decentralized from and independent of federal oversight.
What sort of schooling beyond postsecondary education comes to mind?Public or private universities, institutions, colleges, profession schools, trade courses, centers for continuous learning, college transition programs, and apprenticeship programs are just a few of the many postsecondary alternatives available.
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