To bring all native americans together and compel the US to engage in treaty and land negotiations with ALL Indian tribes. The correct response is A. 65 million years ago.
Tecumseh was the chief of the North American Shawnee tribe. Throughout his life, he took the lead in numerous efforts to advance the interests of indigenous peoples. Because the lands belonged to all the tribes.
He thought that they should come together in a conference to decide how to divide them. He also believed that decisions about agreements with settlers, such as those involving the purchase or sale of land, should be made by the confederation.
complete question:
(q034) what native american tribe was awarded $248 million for illegal land seizures over two hundred years ago?
A. 65 million years ago
B. 144 million years ago
C. 1.8 million years ago
D. 248 million years ago
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for a venue seeking to optimize ticket sales by providing different services at different prices for different clients attending the same event, it is essential to tailor a _____________, fill in the blank, offer that can satisfy customer demand.
For a venue seeking to optimize ticket sales by providing different services at different prices for different clients attending the same event, it is essential to tailor a Dynamic pricing offer that can satisfy the customer demand.
What is Dynamic pricing?
Dynamic pricing, also known as surge pricing, demand pricing, or time-based pricing, is a pricing technique in which companies set variable prices for goods or services based on the demands of the market at the time. Dynamic pricing, sometimes referred to as surge pricing, demand pricing, or time-based pricing, is a business technique in which prices are changed to reflect shifting demand. For instance, an airline may adjust seat rates according on the type of seat, the number of available seats, and the remaining time until takeoff. A pricing approach called "dynamic pricing" substitutes variable prices for fixed ones. The fundamental goal of the dynamic pricing model is to provide the same product to various customer segments at various price points.
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cheese is an input in the production of pizza if the price of cheeese increases we would expect the supply of
Cheese is an input in the production of pizza if the price of cheese increases we would expect the supply of pizza increases.
What do you mean by supply?
A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers. If shown as a graph, supply can refer to the quantity offered at a certain price or the quantity offered throughout a range of prices.In economics, supply is referred to as the total quantity of a particular good or service that a supplier makes available to customers at a particular time and price. Usually, market activity determines it. For instance, increased demand can prompt a supplier to boost their supply.To know more about Supply here
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in 2007, about how many percent of people with private health insurance in the u.s. received it as an employer-provided benefit?
In 2007, the percentage of people with private health insurance in the Unite States, that received it as an employer-provided benefit is
88 percentWhat is private health insurance?As contrast to government-run insurance programs, private health insurance refers to health insurance policies promoted by the private health insurance business.
Approximately half of Americans currently have access to private health insurance. Employer-sponsored health insurance includes these plans.
Private health insurance is heavily regulated both at the state and federal levels even though it is not managed by the government. What healthcare services must be covered by group and individual health plans is frequently addressed by regulations and laws.
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A financial statement that reports assets, liabilities, and owner’s equity on a specific date is called: _______
The term "balance sheet" refers to a financial statement that lists assets, liabilities, and owner's equity as of a certain date.
Why is money significant?The majority of financial research focuses on issues relating to money. To everyone or any business, it is a crucial element. It is crucial to a business since all companies need to make money to survive. Because of this, it is thought of as a specialized business in need of trained personnel.
What is fundamental financial understanding?This information aids in risk management and preserving the stability of the financial system. Accounts, mobile and internet banking, debit and credit cards, checks, PAN cards, ATM awareness, loans, investments, insurance, and taxes are covered in the financial fundamentals.
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chris, a store manager for a sporting goods organization, is on the compensation committee. today, they are evaluating jobs. chris and kenny, one of the owners, are comparing jobs to each other, one at a time. by the end of the day, they will have compared all jobs to every other job and come up with an order. what method was used?
One of the proprietors, Kenny, and Chris are contrasting their respective occupations one by one. By the end of the day, they will have evaluated each task against each other and established order. The ordering strategy was applied.
Ordering procedures are a mechanical aspect of inventory control. These are the software applications that convert our projections, actual orders, safety stock, and order amounts into purchase orders or production orders.
Instead of using a third-party food delivery service, clients can make direct orders from restaurants using an online food ordering system or online ordering platform. Customers may utilize the online user interface to place online orders utilizing a mobile app in this web-based ordering system.
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What outcomes are possible with speculative risk?
(1) nothing will happen, (2) there will be a loss, or (3) there will be a gain or profit, these are possible outcomes with speculative risk.
Along with the possibility of gain or profit, the other unique element of speculative risk is choice.
For example, no sane person would choose to experience a house fire, a car accident, or a serious illness (all of which are insurable risks) —
but every person who invests in a company or places a bet on a sporting event has made a conscious choice to expose themselves to speculative risk.
Speculative risk is not insurable primarily due to the potential for moral hazard.
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Financial Risks Unit Test (Connexus)
4/17/2023
1. What outcomes are possible with speculative risk?
Answer: all of the above
2. Which of the following choices incur speculative risk?
Answer: -stocks, -options,
3. What is risk reduction?
Answer: A strategy that reduces risk by minimizing the chance that the loss occurs or reduces the value lost.
4. What is risk transference?
Answer: A strategy where the risk of loss is shared with another person, entity or group.
5. Which of these options is a new type of insurance?
Answer: identity theft
6. Which of these choices are add-on options for insurance policies? Select the two correct answers.
Answer: -jewelry rider, -collision insurance
7. How much of the U.S. population is covered by some form of health insurance?
Answer: 92%
8. What is the largest health program in the United States?
Answer: Medicare
9. How are SSDI and SSI different?
Answer: SSDI is an insurance program paid out of the Social Security Trust fund and SSI is a needs-based program.
10. What is SSI?
Answer: a need-based program run by the SSA and only considers the financial need of the individual who is elderly or disabled
11. What does long-term care insurance provide?
Answer: It helps cover costs for the day-to-day care of people with chronic illnesses or medical conditions.
12. What does LTC usually cover?
Answer: day-to-day care
13. How might insurance be affected if the applicant has a dangerous job?
Answer: All of the options are possible.
14. What might happen if someone is dishonest on their insurance application?
Answer: The policyholder may be prosecuted for insurance fraud, which is a crime.
15. What is no-fault insurance?
Answer: Unlimited PIP mandated by the states to reduce the number of small and frivolous lawsuits.
16. Why does geographic location affect the cost of premiums?
Answer: Because insurance companies review the statistical history of claims for an area and if there is an increased risk of claims for accidents or theft, they will raise the premium.
17. Why is it important to review credit card charges every month to protect oneself against identity theft?
Answer: to identify any unauthorized charges so that they can be investigated as a potential red flag for identity theft
18. Which population is most often the victim of synthetic identity theft?
Answer: children
19. Why is it important to review credit card charges every month to protect against identity theft?
Answer: to identify unauthorized charges so that they can be investigated for identity theft
20. What is child identity theft?
Answer: someone uses the identity of someone who has minimal activity for their social security number to create a credit history
21. Can the Consumer Financial Protection Bureau or Better Business Bureau accredit companies? Does that agency require a fee for accreditation?
Answer: Only the BBB accredits companies, and it requires a fee for accreditation.
All of these answers are correct, hope this helps someone :)
You have a constant 128 items in your inventory. you decide to shrink your inventory by 7%. how many items remain in your new inventory?
I still have 119.04 things on hand if I maintain my inventories at a continuous 128 items and decide to cut it by 7%.
How does inventory work?to create a thorough inventory of all the items and property that a person or company owns: Before any additional transactions could be conducted, the judge ruled that all property must be inventoried. (The Cambridge Business English Dictionary, published by Cambridge University Press, defines inventory.)
What are some inventory fundamentals?The materials or "things" your company has are the simplest definition of inventory. There are two types of these: physical (items and raw materials) and intangible (e.g., software). Most of the time, when we talk about stocks, we involve simply all the items that the company has stored.
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Examples of time deposits are savings accounts, money market deposit accounts, and certificates of deposit.true or false
It is True that Examples of time deposits are savings accounts, money market deposit accounts, and certificates of deposit.
What is a time deposit?A time deposit, such as a certificate of deposit, is an interest-bearing bank account with a maturity date (CD). To get the full interest on a time deposit, the funds must be kept for the specified amount of time. The depositor typically obtains a greater interest rate the longer the duration.
When the deposit is extended for a set amount of time, such 3 months, 6 months, etc., a term deposit is sometimes employed. On the other hand, fixed deposits are employed when the deposit is for a duration of at least six months. Comparing the deposit amount to bank savings accounts, the rate of return is higher.
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an export tax always reduces the exporter's net revenues. true b. it is highly evident which industries will produce more technological spillovers and which less. uncertain c. the bulk of child employment is in the tradeable sector of poor countries. true d. the real cause of child labor is low gdp per capita. uncertain e. trade restrictions save jobs that are more visible, but result in job losses elsewhere. true f. when trade is diverted away from countries that employ children, the children allocate more time to education. uncertain g. when subsidies are not an option, import tariffs are a se
The given statement an export tax always reduces the exporter's net revenues is true.
The term GDP in accounting refers the standard measure of the value added created through the production of goods and services in a country during a certain period.
Here we have given that an export tax always reduces the exporter's net revenues and the real cause of child labour is low GDP per capita. uncertain.
Now, we have to prove that the given statement is true or not.
As we all know that a country's net exports are the value of its overall exports minus the value of its total imports.
Here the fine net export quantity suggests an exchange surplus, even as a terrible quantity means a change deficit.
And the vulnerable currency trading rate makes a kingdom's exports more competitive in rate.
Therefore, as per the exchange inside the charge stage causes a change in internet exports that actions the economic system alongside its combination demand curve.
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When choosing a marketing channel or intermediary. It is important to ask several key questions, including which of these?
a. Who is responsible for negotiating the channel or intermediary contracts?
b. How many of the firm's competitors will be using the same channel?
c. Which channel and intermediaries we best stay the grequirements of the target market?
When choosing a marketing channel or intermediary, many key questions should be asked, including "which channel and intermediaries will best meet the requirements of the target market?". The correct answer is C.
In selecting a marketing channel and intermediaries, marketing professionals take into account three considerations:
Which will effectively reach the target market?Which will fully satisfy the requirements or the purchasing needs of the target market?Which are going to be most profitable?Learn more about marketing channels here: brainly.com/question/29480192
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lisa hired jay in the spring, as she had for many years, to set out in beds the flowers lisa had grown in her greenhouses during the winter. the work was to be done in lisa's absence for $300. jay became ill the day after lisa departed and requested his friend, curtis, to set out the flowers, promising to pay curtis $250 when jay received his payment. curtis agreed. on completion of the planting, an agent of lisa's, who had authority to dispense the money, paid jay, and jay paid curtis. within two days, it became obvious that the planting was a disaster. because he did not operate lisa's automatic watering system properly, everything set out by curtis died of water rot. may lisa recover damages from curtis? may lisa recover damages from jay, and, if so, does jay have an action against curtis?
No, Lisa will not be able to recover damages from Curtis.
What is the recovery of damages?Recovery of damages is the process of obtaining compensation for the harm that has been caused by another person or entity. This can be done through a variety of methods including civil lawsuits, criminal prosecutions, insurance claims, or other forms of dispute resolution. Damages can include financial losses, physical injuries, emotional distress, and property damage. The goal of recovery of damages is to make the injured party “whole” again, meaning that they receive compensation for the losses they have suffered.
No, Lisa may not recover damages from Curtis. Curtis was doing the work on behalf of Jay and was not hired directly by Lisa. Lisa may recover damages from Jay since he was the one who hired Curtis and is responsible for the quality of the work. Jay may have an action against Curtis if Curtis did not fulfill the terms of the agreement between them.
It can be concluded that Lisa will not be able to recover damages from Curtis.
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kate used a 30 off coupon to purchase a sweater the sweater then became 33.6$ how much was the actual price
kate used a 30 off coupon to purchase a sweater the sweater then became.Therefore, the original price of the sweater is $48.
What's the difference between a sweater and a sweatshirt?A sweater is designed not to absorb sweat but to provide warmth while a sweatshirt is designed both to provide warmth and to absorb sweat. 2. A sweater is usually knitted or crocheted while a sweatshirt is not.
Briefing
The cost of sweater is $33.60
Let the original price of the sweater be x
Now, x-30% of x=33.60
⇒ x-30x/100 = 33.60
⇒ x -3x/10 =33.60
⇒ 7x/10 =33.60
⇒ 7x=336.0
⇒ x=48
Therefore, the original price of the sweater is $48.
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given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?
The burden of a 10 percent tax on suppliers would be greatest on consumers within what price range of $2 and $4.
Elasticity rises as price rises along a straight-line demand curve. Thus, the lowest range is the most likely candidate.
Doing the calculations, we find that elasticity between $2 and $4 is [(26 - 22)/24]/[(4 - 2)/3] = (4/24)/(2/3) = (1/6)/(2/3) = 3/12 = .25 and is lower than in all the other ranges.
The Correct Option is a) i.e., $2 and $4
Each point on a demand curve that is straight will have a different elasticity. Any location along the demand curve may be used to determine the price elasticity of demand.
The midpoint of the demand curve has a unitary elasticity if the demand curve is linear (straight). At this moment, the overall income is at its highest. Elasticity is more than one at any position above the middle
(Ed > 1).
In this case, price decrease boosts overall income (expenditure). Elasticity falls below the middle to less than 1. (Ed < 1). Price reduction causes a decrease in the company's overall revenue. The reason why a straight line demand curve has different elasticity at each point is now under doubt. PED's worth decreases when prices falls.
The complete question is:
Given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?
A. $2 and $4
B. $4 and $6
C. $6 and $8
D. $8 and $10
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The goal of federal reserve monetary policy is to affect the level of competition in the u.s.
a. True
b. False
Yes, the purpose of the financial coverage of the Federal Reserve is to influence the extent of opposition withinside the United States. It's true.
The Federal Reserve Act states that the Federal Reserve is answerable for sporting out financial coverage "with a view to efficaciously acquire the desires of most employment, solid prices. An economy wherein folks who need to paintings both have a task or are probably to discover one pretty quickly, in addition to one wherein the fee level (which refers to a extensive degree of the fee of products and offerings bought through consumers) is solid.
Create the situations vital for hobby quotes to stabilize at slight levels. Decisions approximately financial coverage are made at Federal Open Market Committee meetings (FOMC). The FOMC consists of the president of the Federal Reserve Bank of New York, the participants of the Board of Governors, and 4 of the opposite 11 Reserve Bank presidents, who're every elected to one-yr terms.
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if the fed wants to control inflation, it will try to get the supply of credit to fall and increase its cost by implementing what type of policy?
To combat inflation, the central bank's one main instrument is raising interest rates, which it does by increasing the cost of borrowing money in order to reduce demand for goods and services. The success or failure of the Fed's actions won't be known to economists for some time.
What are the techniques for reducing inflation?
Controlling the amount of money in the economy is an important monetary approach to combat inflation. The demand for things will decline and prices will fall if the money supply declines. When the government removes particular coins or paper money from circulation, this is another technique to reduce the amount of money in circulation.
How does the Fed control the money supply and inflation?
The Fed can influence the money supply by modifying reserve requirements, which generally refers to the amount of funds banks must hold against deposits in bank accounts. By lowering the reserve requirements, banks are able to loan more money, which increases the overall supply of money in the economy.
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the owner right allows a. addition of new rights only b. addition of new rights and removal of some rights c. removal of some rights only d. none of the above
The owner's right permit the deletion of some rights and the addition of new ones.
How does adding work?
The addition is the process of combining items and counting them as a single large group. In math, addition is adding two or more integers together. The terms addends and total both refer to the numbers added and the operation's result.
The owner's right permit the deletion of some rights and the addition of new ones.
The owner's right is more than simply the addition of additional dues.
The owner's right does not just remove some rights.
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In order to do what you want to do, you need to be around people who are doing it and in ______.
In order to do what you want to do, you need to be around people who are doing it and in places where it's happening.
What is this Proximity Principle about?In psychology, the proximity principle is one of gestalt principles of perceptual organization that states that people treat objects close together as a group. In social psychology, the principle holds that people closer together in a physical environment are more likely to form a relationship than those farther away.
Popularly, the Proximity Principle is one that states "In order to do what you want to do, you need to be around people who are doing it and in places where it's happening".
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what is the future value of $5,300 deposited today and kept in an account for 30 years earning 11% per year?
Answer:
you multiply 5300 by 111 and divide by 100 . the answer is 5883.Subtract 5300 from it and multiply by 30.Add it to 5300.
. for music produced for commercials, what party is responsible for filing work reports with labor unions and coordinating with a third-party payroll service?
An advertising agency is responsible for filling work reports with labour unions and coordinating with a third-party payroll service.
What does labor union mean?Trade unions or labor unions are associations formed by employees in related occupations to advance the interests of their constituents. They aid workers with matters like the fairness of pay, decent working environment, hours of work and perks.
What three forms of unions are there?The internal organization and administrative procedures of labor unions vary widely and are quite complex. Within the labor movement, it is easy to distinguish between three basic levels: union federations, national unions, and regional unions.
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which is more harmful to the victim? group of answer choices both a and b are about equally harmful identity theft credit card number theft
The Correct option is A, Identity theft is more harmful to the victim.
Identity theft is a type of fraud that involves stealing an individual’s personal information like their name, address, Social Security number, credit card details, etc. for the purpose of stealing money or taking out loans in their name. It’s a form of financial crime that can have devastating consequences for the victim, from financial losses to ruined credit, and it can take a long time to recover from.
Identity theft takes place in a variety of ways, from dumpster diving to phishing emails, or even someone gaining physical access to an individual’s wallet or other personal information. In many cases, victims don’t even know they have been a victim of identity theft until it’s too late. It’s important to always be vigilant and protect your personal information to help minimize the risks of identity theft.
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Complete Question: -
Which is more harmful to the victim?
A) identity theft
B) credit card number theft
C) both A and B are equally harmful
u.s. baby boomers are beginning to retire and withdraw their savings for retirement. what effect should we expect this to have on equilibrium price and quantity of financial assets?
The withdrawal of savings from baby boomers will likely lead to a decrease in price of financial assets, as there will be less demand for them and at the same time, the quantity of financial assets will likely decrease as well, since there will be fewer buyers in the market.
Define financial assets?Financial assets are economic resources that can be exchanged for cash. They include stocks, bonds, mutual funds, derivatives, real estate, and cash or cash equivalents. Financial assets are generally classified as either current or noncurrent, depending on their expected holding period. Current assets are considered to have a holding period of one year or less, and noncurrent assets have a holding period of more than one year. Financial assets are generally valued and traded based on their expected return and risk. Financial assets are an important part of creating a diversified portfolio, as they can provide investors with stable returns and growth potential over the long term. Additionally, financial assets can be used to hedge against market risk, as they may provide a stabilizing counterweight to more volatile investments.To learn more about financial assets refer to:
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which training is an effective method of training that can help employees learn by doing without the consequences of harming the relationships with real guest in real time?
Simulation is an effective training method that allows employees to earn money without jeopardizing their relationships with real guests in real time.
Is simulation a training method?Simulation training is used as a tool to teach trainees the skills they need in the real world. It provides a realistic point-of-care learning experience and is widely used in aviation, military, medical and other fields.
Which training method is best?Best Employee Training Methods and Techniques include: e-learning. hands-on training. Teacher-led learning. Role-playing game. coaching. mock training. cooperative training. video training.
Why is Simulation-based training important?Simulation-based training is a highly effective way of teaching key skills to trainees in a cost-effective manner. Employers provide the best opportunity to assess how well trainees are practicing their skills and the decisions they are making in the face of simulated real-world situations.
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direct foreign investment is perceived by foreign governments to: a. be a cause of national problems. b. be a remedy for national problems. c. either a or b is possible. d. have no impact on national problems.
The correct option is C. Direct foreign investment is perceived by foreign governments to be either a or b as possible.
Business funding is spending by way of non-public corporations and nonprofits on physical capital—long-lasting property used to provide goods and services. The funding system outlines the steps in creating a portfolio and emphasizes the series of actions concerned from information to the investor. s threat choices to asset allocation and choice to overall performance evaluation.
Purchasing equipment, computer systems, software program, vehicles, or any belongings that increase your manufacturing and decrease your running expenses are examples of a right-away fairness investment. In a monetary outlook, an investment is the purchase of goods that are not fed these days but are used in the future to generate wealth. In finance, funding is a financial asset bought with the idea that the asset will offer income similarly or will later be sold at a better fee rate for a profit.
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you've been hired as a consultant to assist a global pharmaceutical company with their advertising medium choices. they have a new product targeting owners of dogs who are interested in preventing fleas and ticks. they want to target a very narrow audience of individuals who own a dog and also use high quality images to capture the emotional connection of the owners to their pets. they also want the advertising message to have a relatively long life. what would you recommend?
They also want the advertising message to have a relatively long life. I would recommend them Magazines.
What are Magazines?
Often illustrated and published in printed or digital form on a monthly basis, a magazine (also known as a periodical) is a compilation of texts (essays, articles, stories, and poems) (excluding newspapers).
The creation of inexpensive paper, the development of the rotary press and the halftone block, and, most importantly, the introduction of advertisements as a source of revenue all boosted magazine publication in the late 19th and early 20th centuries.
In the latter half of the 20th century, as the Internet expanded, an increasing number of publications began to post online copies of their content. Other kinds of magazines also grew in popularity at this time. E-zines, also referred to as zines, were among them.
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The amount of a good or service that buyers would be willing and able to purchase at a specific price is known as
a. quantity demanded.
b. demand.
c. supply.
d. quantity supplied.
e. opportunity cost.
The quantity demanded of a good is the amount of that good that buyers are willing and able to buy at a given price.Many factors influence demand, but only pricing can decide the quantity of a certain good wanted.
What is the quantity of a product that consumers are willing and able to buy at a given price? The quantity required is the quantity of a good that buyers are willing and able to buy at a given price.Many factors influence demand, but only price determines the quantity demanded for a specific commodity.Economists define demand as the amount of a good or service that consumers are willing and able to acquire at each price.Needs and wants drive demand—a customer may be able to distinguish between a need and a want, but from the standpoint of an economist, they are the same thing.Demand specifies how much of a product consumers are willing and able to buy at each feasible price over a certain time period, all else being equal.To learn more about quantity demanded refer
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amesly is an office furniture company. the wood, metal, fabrics, and plastics that it uses to manufacture chairs, desks, tables, and cabinets are all a.output management b.products. c.resources. d.outcomes. e.services.
Amesly is an office furniture company. the wood, metal, that it uses to manufacture chairs, desks, tables, and cabinets are all resources.
Option C is correct.
What is the company's most important resource?Needless to say, no monetary value is given for the effort an employee puts into making a company profitable. This leads to excellent customer reviews and creates brand loyalty from customers. Therefore, employees are an organization's most valuable asset.
What are his four resources companies need to succeed?Factors of production are the resources that make up the economy. They are what people use to produce goods and services. The economist classifies the factors of production into his four categories: Land, Labor, Capital, Entrepreneurship.
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which company reported the largest percentage change in net operating cash flows between 2012 and 2021, and what was the percentage change for that company? d. which company reported the largest percentage change in net income between 2012 and 2021, and what was the percentage change for that company?
during 2012 and 2021, firm had the greatest percentage drop in net operational cash flows, with a drop of -31.
How do cash flows work?
The total sum if liquid assets coming into and going out of a business is referred to as cash flow. Money spent symbolizes outflows, whereas money received indicates inflows.
What conclusions can be drawn from cash flow statements?
The purpose of a cash flow statement is to provide a detailed account of what happened to something like a financial statement over a certain time period, commonly known as the accounting period. How successfully a corporation can operate both short- and long-term is determined by how much money is coming into and leaving the company.
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Max pays a quarterly fee for a cloud storage account. which describes this type of software?
Answer:proprietary subscription
Explanation:
the manager discovers that the brown gravy tastes very sweet during the daily taste test and does not meet the restaurant's standard. upon investigation, it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be .
During the daily taste test, the manager finds that the brown gravy tastes too sweet and does not adhere to the restaurant's standards. after research,
it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be discarded.
Business records can be used to determine and document historical expenditures. 33.3% is the industry average for food cost percentage. A gourmet-style restaurant's food cost % is often greater than a fast-food restaurant's food cost percentage.
The cost of products sold is multiplied by the income or sales from the final meal to arrive at the food cost percentage.
Cost control refers to the continual process of taking actions to lower corporate expenditures in an effort to boost profitability. Finding and lowering the costs of the food and drinks at your restaurant is the focus of food cost control particularly.
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14) which of the following is not considered to be a part of carrying costs? a) insurance b) spoilage c) obsolescence d) theft e) inspection
Inspection in not considered to be part of carrying costs which include the cost of renting the warehouse to store the inventory, the loss of inventory due to theft or damage, and the cost of insurance for the inventory.
Is insurance included in the carrying cost?Insurance is included in carrying costs and is an important part of inventory management. However, storage costs cover various other expenses that may be overlooked, such as: theft or damage costs. Depreciation of products in the warehouse.
What is carrying cost of the asset?Book value is the original cost of an asset as reported on a company's books or balance sheet, less the accumulated depreciation of the asset. Also called book value, it is not necessarily the same as the fair value or market value of the asset.
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