a. Family and friends: Sources of finance are the ways in which a business can obtain the capital or funding necessary for its operations. Family and friends are one such source of finance for a company, with one advantage and one disadvantage.
Advantage of using family and friends as a source of finance: One of the most significant benefits of using family and friends as a source of finance is that it is simple and quick to obtain funds. In certain circumstances, such as the start-up phase of a new company, it may be difficult for businesses to obtain funding from traditional sources such as banks, making family and friends a reliable alternative. Furthermore, with no long-term repayment commitments, entrepreneurs can concentrate their efforts on growing their company instead of worrying about repaying loans.
Disadvantage of using family and friends as a source of finance: One of the significant disadvantages of using family and friends as a source of finance is that it may potentially ruin close relationships if something goes wrong. The borrower may face complications if they are unable to repay the loan or if the lender expects a significant return on investment. As a result, using family and friends as a source of finance may cause tension and conflict in personal relationships. Additionally, family and friends may not be able to provide the level of funding required by the company, which may limit the company's growth and development.
b. Banks: Advantage of using banks as a source of finance: One of the main advantages of using banks as a source of finance is that they can provide a large amount of funding to companies, allowing them to grow and develop. Banks provide businesses with a range of financing options, including short-term, medium-term, and long-term loans, which are structured to meet the specific needs of the company. Furthermore, because banks are regulated, borrowers can have confidence in the terms and conditions of their loans.
Disadvantage of using banks as a source of finance: One of the major disadvantages of using banks as a source of finance is that it may be difficult for small businesses to obtain funding. Banks' application processes are typically lengthy, and they may impose strict conditions on borrowers, such as collateral or a minimum credit score, which can be challenging for small businesses to meet. Additionally, banks may charge high interest rates, making it difficult for businesses to repay their loans and limiting their ability to expand.
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Budget provides the financial status of the government in detail. Explain it
Answer:
The budget is a central policy document of government, showing how it will prioritise and achieve its annual and multi-annual objectives. Apart from financing new and existing programmes, the budget is the primary instrument for implementing fiscal policy, and thereby influencing the economy as a whole.
Describe which fiscal policies of the U.S. Congress would be considered expansionary actions and which would be contractionary actions
Answer:
Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right.
Explanation:
Contractionary fiscal policy occurs when Congress raises tax rates or cuts government spending, shifting aggregate demand to the left.
The relationship between the quantity of inputs and the quantity of output is called the: Multiple Choice average product. Production function. Law of diminishing returns. Marginal product. G
The relationship between the quantity of inputs and the quantity of output is called the Production function.
What is production function?
⇒The technological relationship between the amounts of physical inputs and the amounts of output of commodities is provided by a production function. One of the core ideas of traditional neoclassical theories is the production function, which is used to define marginal product and distinguish allocative efficiency, a crucial area of economics study. As an engineer or professional manager might put it, one of the main goals of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors while avoiding the technological challenges of achieving technical efficiency. Researchers frequently employ directional distance functions or Shephard's distance functions, which are modifications of the simple distance function, to describe the case of many outputs and many inputs.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
The epicurean society is holding its annual election for president. the three candidates are a, b, and
c. twentytwenty percent of the voters like upper bb the most and upper aa the least. forty forty percent of the voters like upper aa the most and upper cc the least. of the remaining 234234 prefer upper cc to upper bb and upper bb to upper aa, and 702702 prefer upper cc to upper aa and upper aa to upper bb. write out the preference schedule for this election.
Answer:
b
Explanation:
Words have the power to shape our perceptions. While negative language focuses on the problems, positive language leads to _______________.
Answer:
Explanation:
Hehe
Kyrsten Haas expects an S corporation investment to generate a profit of $200,000. Her share of the S corporation is 15%. What is Kyrsten’s income tax if no cash is distributed? Kyrsten's marginal tax rate on ordinary income is 35% plus 3.8% on passive income. Kyrsten does not materially participate in the activities of the S Corporation.
A. 0
B. 10,500.
C. 70,000.
D. 11,640.
If Kyrsten Haas expects an S corporation investment to generate a profit of $200,000. Kyrsten's income tax on her share of the S corporation profit, considering her marginal tax rate on ordinary income and the NIIT, is: D. $11,640.
What is the income tax?Income tax:
Income Tax = Taxable Income * (Marginal Tax Rate + NIIT)
Income Tax = (15% of $200,000) * (0.35 + 0.038)
Income Tax = $30,000 * (0.35 + 0.038)
Income Tax = $30,000 * 0.388
Income Tax = $11,640
Therefore Kyrsten's income tax on her share of the S corporation profit, considering her marginal tax rate on ordinary income and the NIIT, is D. $11,640.
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What is fiscal policy and what are the three goals of fiscal policy?
Answer:
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The three goals of fiscal policy are :
to achieve or maintain full employment a high rate of economic growth, and price and wage stabilization.Explanation:
Fiscal policy may be of two kinds : Expansionary fiscal policy: Here, the tax rates are lowered or spending is increased to boost the overall demand and promote economic growth. The rationale behind this strategy is that when people pay less in taxes, they have more money to invest or spend, which increases demand. Because of this demand, businesses increase hiring, which lowers the unemployment rate and intensifies the labor market. As a result, salaries will rise and consumers will have more money to spend and invest. It's a positive feedback loop or cycle.Contractionary fiscal policy: Here, the rates are raised or spending is reduced to stop or lower inflation. To do this, the government raises taxes, cuts spending, and eliminates employment or lowers wages in the public sector.To know more about fiscal policy, visit :
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Answer: "Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. These include aggregate demand for goods and services, employment, inflation, and economic growth."
Explanation:
The three goals of fiscal policy are:
Inflation rate: it refers to the rise in cost of goods and service and decrease in purchasing power. For example, if the rate of inflation is 5%, than your $5.00 morning cup of coffee will cost you $5.25 in a year. In most countries, central banks try to maintain an inflation rate of not more than 3%.Full employment: means low unemployment rate.GDP: Gross Domestic Product (GDP) needs to be at increasing rate.https://brainly.com/question/13982103?referrer=searchResults
if government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to
If government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to average total cost.
What is Average Total CostAverage total cost or average total cost is the cost per unit of the number of products made. This information is integral to making any decisions regarding product pricing. Products must be priced above the average total cost for the company to be profitable.
Average total cost includes fixed costs and variable costs. Fixed costs are costs that are necessary for production but do not change based on the number of products a company produces.
The formula for calculating average total cost is:
(Total fixed costs + total variable costs) / number of units produced = average total cost
How to Calculate Average Total CostAverage total cost is calculated by dividing the total cost of production by the number of units produced. Follow these five steps to calculate average total cost:
1. Identify fixed costs
First, using your profit and loss account, identify your total fixed costs. This can include things like rent, equipment costs, insurance, wages and utilities.
2. Determine variable costs
Next, identify all of your variable costs. These can be things like the cost of raw materials, direct labor, sales commissions and shipping or delivery costs.
3. Calculate the total cost of production
Next, you will calculate the total cost of production by adding up the total fixed costs and variable costs. This is represented in the equation as:
(Total fixed costs + total variable costs)
4. Determine the number of units
Next, you need to determine the number of units that have been produced.
5. Calculate the average total cost
Finally, you will determine average total cost by dividing total manufacturing costs (the amount you identified in step three) by the number of units your company produces (the amount you determined in step four).
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What is the chief benefit to using a
Capitalistic economic system where
the government does not interfere
with the operation of the free market
(Supply & Demand)?
A. Society always maximizes its economic surplus and
opportunity.
B. A small percentage of the population takes control
of a large percentage of the available resources.
C. The most educated in society make the most
influential decisions.
Answer: A
Explanation: I had it
true or false Resource owners must feel that their incomes are large enough so that they will continue to supply resources
Answer:
True.
Explanation:
What is the gross pay if Yesinia worked 88 hours in two weeks and she is paid $12.75 and hour
In the communication process, the sender _____ the message.
A) receives
B) encodes
C) decodes
D) feeds back
The correct option for the role of sender in communication process is B) Encodes.
In the communication process, what does sender do?In the communication process, the sender is the person who initiates the message and encodes it into a form that can be transmitted to the receiver. Encoding refers to the process of converting the message into a symbolic form that can be communicated. The sender must choose the appropriate language, tone, and channel for transmitting the message to ensure that it is received and understood by the receiver.
Encoding is a critical aspect of the communication process, as the effectiveness of the message depends on how well it is encoded. If the sender does not encode the message clearly or uses inappropriate language or tone, the receiver may not be able to decode the message accurately, leading to communication breakdowns and misunderstandings.
For example, if a manager wants to communicate a new policy to employees, they may encode the message in a company-wide email using clear and concise language. The manager must consider the audience's needs and understanding to ensure that the message is encoded effectively.
In summary, the sender encodes the message in the communication process to ensure that it can be effectively transmitted and received by the receiver.
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Of the users that accessed the website between April 1st and July 28th, how many were newvisitors and how many were returning (These numbers won’t necessarily add up to the totalnumber of users as a single user may visit a site several times which makes them both a newvisitor (on their first visit) and a returning user on any following visit)?
To determine the number of new visitors and returning users, we need specific data on user visits during the period between April 1st and July 28th. Without that data, it is not possible to provide the exact numbers of new visitors and returning users.
The distinction between new visitors and returning users can only be made based on individual user data, such as cookies or user accounts. To calculate the numbers, we would need access to the website's analytics or user tracking data, which would provide information on unique visitors and their visit history.
Without this specific data, it is not possible to determine the exact number of new visitors and returning users during the given period.
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I need two answers please by 2pm today.
Are you motivated more by intrinsic rewards (satisfaction, sense of accomplishment, etc.) or by extrinsic rewards (money, bonuses, etc.)?
Intrinsic rewards can be more satisfying to a worker than extrinsic ones, because internal motivation is something natural that does not depend on external stimuli.
How does an employee get motivated?There is a set of characteristics that helps in motivation in the work environment. Intrinsic rewards correspond to job satisfaction. To be achieved, the employee needs to feel valued and fulfilled with their responsibilities at work.
Extrinsic rewards are related to external motivations, such as a good salary and bonuses.
Therefore, motivation is essential in the workplace, as it stimulates employee productivity, satisfaction and integration.
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Given the following facts, compute the discounted cash flow as we did in class (round your answer to the nearest dollar):
Revenue 70,000
rev growth 2.50%
Expense % of revenue 65%
Discount rate 5%
Capitalization rate 4%
Estimated holding period 7 years
The discounted cash flow of the company is $1,377,102 (rounded to the nearest dollar).
Given the following facts, the discounted cash flow is as follows:
Revenue: $70,000
Revenue growth: 2.50%
Expense % of revenue: 65%
Discount rate: 5%
Capitalization rate: 4%
Estimated holding period: 7 years
Calculation of Free Cash Flows
Year 1
Revenue = $70,000.00
Revenue growth rate = 2.50%
Estimated revenue = $71,750.00
Expenses = 65% of Revenue
= $46,487.50
Free cash flow= Revenue - Expenses
= $25,262.50
Year 2
Revenue = $71,750.00
Revenue growth rate = 2.50%
Estimated revenue = $73,606.25
Expenses = 65% of Revenue
= $47,893.31
Free cash flow= Revenue - Expenses
= $25,712.94
Year 3
Revenue = $73,606.25
Revenue growth rate = 2.50%
Estimated revenue = $75,480.97
Expenses = 65% of Revenue
= $49,052.63
Free cash flow= Revenue - Expenses
= $26,428.34
Calculation of Terminal Value
Revenue in Year 7= $83,171.58
Discount rate= 5%
Growth rate of revenue for Terminal value= 1.50%
Capitalization rate= 4%
Terminal Value= (83,171.58 x (1 + 1.50%)) / (5% - 4%)= $1,748,196.36
Present value of terminal value= Terminal Value / (1 + Discount rate)^Holding period= $1,748,196.36 / (1 + 5%)^7= $1,220,905.77
Calculation of Sum of Present Values of all Free Cash Flows and Terminal Value
Sum of Present Values of all Free Cash Flows and Terminal Value= Present Value of Free Cash Flows + Present Value of Terminal Value
= $24,045.35 + $23,315.14 + $22,799.87 + $22,283.75 + $21,766.92 + $21,250.20 + $20,734.64 + $1,220,905.77= $1,377,101.64
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identify two methods by which data maybe collected from supplier, customer, government
Answer:
Questionnaires : Interviews
Explanation:
There are several methods of collecting data from suppliers, customers, or the government. Two of them are
1. Questionnaires
Questionnaires are documents that contain questions related to the subject of inquiry. The researchers formulate questions that, when answered with provide information that they are seeking. Questionnaires can be administered to the suppliers or customers by email, online or hard copies. They are among the most popular and oldest data collection techniques.
2. Interviews
In this method, a researcher engages a selected respondent on one-one conservation. They discuss the subject matter in detail. Interviews provide instant feedback and offer the interviewer a deeper understanding of the respondents' thought processes.
Due to the anticipated snowstorm, the office will be closed tomorrow please work from home instead of coming in. If you have
questions, please reply to this e-mail.
This message contains
Due to the anticipated snowstorm, the office will be closed tomorrow please work from home instead of coming in. If you have. This message contains a run-on sentence Correct.
What is run-on sentence?
A run-on sentence is one that lacks the necessary punctuation to tie two or more independent clauses together. These clauses "run on" into confusion because they have not been made dependent by the use of a relative pronoun or a subordinating conjunction. It is possible for the independent clauses to be "fused," as in "It is almost half past five we cannot reach town before dark," in which case the two independent clauses could be separated (between "five" and "we") with a period [...five. We...], a comma and conjunction (...five, and we...), or a semicolon (...five, and we..). (...five; we...). Only a comma can be used ineffectively to unite the separate clauses (the comma splice). The stream-of-consciousness technique is used in James Joyce's work Ulysses, which purposely breaks this grammatical constraint in the sake of literary licence.
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cecilia, a brazilian citizen and resident, spent 120 days working in the united states in the current year and earned $50,000. because she spent more than 90 days in the united states, cecilia's income will be treated as u.s. source and subject to u.s. taxation. the united states does not have an income tax treaty with brazil.
Cecilia, a Brazilian citizen and resident, will be subject to U.S. taxation on her income earned in the United States because she spent more than 90 days working there. Since the United States does not have an income tax treaty with Brazil, Cecilia's income will be subject to U.S. tax laws without any specific provisions or exemptions.
Generally, an individual's income is subject to taxation in the country where it is earned. In Cecilia's case, since she spent more than 90 days working in the United States, her income will be treated as U.S. source income and subject to U.S. taxation. Income tax treaties are agreements between countries that provide guidelines for the taxation of individuals or entities that have connections to both countries. These treaties often address issues such as the allocation of taxing rights, double taxation avoidance, and provisions for specific types of income. However, in this scenario, it is mentioned that the United States does not have an income tax treaty with Brazil. As a result, Cecilia's income will be subject to U.S. tax laws without any specific provisions or exemptions provided by a tax treaty. She will be required to report her U.S. income and comply with the U.S. tax regulations, including filing a U.S. tax return and paying any applicable taxes on her earnings.
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Can someone give me insights and data on these:
1. Industry analysis for BPOs
2. why flexible working arrangement is effective?
It's important to note that the effectiveness of flexible working arrangements can vary depending on the nature of the job, industry, and organizational culture. Implementing and managing flexible work arrangements requires clear policies, effective communication, and the right technological infrastructure to support remote collaboration and productivity.
Industry Analysis for BPOs:
The Business Process Outsourcing (BPO) industry has experienced significant growth and transformation over the years. Here are some insights and data on the industry:
a. Market Size and Growth: The global BPO market has been expanding steadily, with a compound annual growth rate (CAGR) of around 7% in recent years. In 2020, the market size was valued at over USD 200 billion. Factors driving growth include cost-saving benefits, technological advancements, and increased demand for specialized services.
b. Key Players: The BPO industry is highly competitive and includes both large multinational companies and smaller specialized firms. Some prominent players in the industry are Accenture, IBM, Cognizant, Genpact, and Infosys, among others.
c. Services Offered: BPO companies provide a range of services, including customer support, technical support, back-office operations, finance and accounting, human resources, data entry, and more. These services are often outsourced to countries with skilled and cost-effective labor pools, such as India, the Philippines, and Eastern European countries.
d. Technology Adoption: BPOs are increasingly adopting technologies like Robotic Process Automation (RPA), Artificial Intelligence (AI), and cloud computing to streamline operations, improve efficiency, and enhance service quality. Automation and digital transformation initiatives have become key focus areas for BPO providers.
e. Industry Trends: Some emerging trends in the BPO industry include the rise of knowledge process outsourcing (KPO) and high-value services, increasing focus on data security and compliance, the shift towards multi-channel customer support (including chatbots and social media), and the growing demand for analytics and data-driven insights.
Why Flexible Working Arrangement is Effective:
Flexible working arrangements, such as remote work, flextime, and compressed workweeks, have gained popularity and proven to be effective for both employees and employers. Here are some reasons why flexible working arrangements are considered effective:
a. Work-Life Balance: Flexible work arrangements allow employees to better balance their personal and professional commitments. It enables them to have more control over their schedules, resulting in reduced stress levels and improved overall well-being.
b. Increased Productivity: Studies have shown that flexible work arrangements can boost employee productivity. It eliminates long commutes and provides a conducive work environment, leading to fewer distractions and improved focus. Employees can choose the time and place where they are most productive.
c. Talent Attraction and Retention: Offering flexible work options can be a competitive advantage for employers when attracting and retaining top talent. It appeals to a broader pool of candidates who prioritize work-life balance and flexibility. It also improves employee satisfaction and reduces turnover rates.
d. Cost Savings: Flexible work arrangements can result in cost savings for both employees and employers. For employees, it reduces commuting expenses and saves time and money on transportation. Employers can benefit from reduced office space requirements and overhead costs.
e. Workforce Diversity and Inclusion: Flexible work options can promote diversity and inclusion by accommodating individuals with different needs and circumstances. It allows people with disabilities, caregivers, and individuals with other commitments to participate in the workforce more effectively.
f. Environmental Impact: Remote work and flexible schedules contribute to reducing carbon emissions by decreasing commuting and office energy consumption. This aligns with sustainability goals and promotes a greener work culture.
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What Impact Does Reliability Have on My Material Costs? Please review page 125 of the text before responding.
The higher the reliability, the higher the material cost. This is because more reliable products require the use of higher-quality materials and components.
How does material cost get affected by reliability ?The relationship between reliability and material cost is not linear. A small increase in reliability can lead to a large increase in material cost. The impact of reliability on material cost varies depending on the product. For some products, the impact is small, while for others it is large.
In general, businesses should consider the impact of reliability on material costs when making design decisions. By choosing more reliable components, businesses can reduce the number of repairs and replacements that are needed, which can save money in the long run.
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Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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Explain Jodi's self esteem throughout Tall Girl? Movie
Answer:
Poor
Explanation:
Jodi is very self-concious about her height. She thinks that it makes her different than other "normal" people among her peers, or even inferior to more feminine, smaller girls.
Answer:
Explanation:
'Tall Girl' Review: A Ridiculous Take on the Teenage Self-Love Narrative ... This week, we gave our group of interns a challenge: pick a movie from ... narrates Jodi (Ava Michelle) as she towers over a high school hallway in Tall Girl. ... Pain is relative, but Tall Girl treats Jodi's height as if it were the end-all,
c) Differentiate between Celebrity Advertising and Public Service Advertising.
Answer:
one has to do with advertising for a career and the other for the public and the well-being of others. also, celebrity advertising is for one person while public service advertising is for many.
Explanation:
explain cross elasticity of demand for unrelated goods
Answer:
The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases. ... Items with a coefficient of 0 are unrelated items and are goods independent of each other.
when is a tax equivalent to a tradable allowance? please choose the correct answer from the following choices, and then select the submit answer button. answer choices when it is set equal to the level of the private cost when it is set below the level of the external cost when it is set above the level of the external cost when it is set equal to the level of the external cost
A tax is equivalent to a tradable allowance when it is set equal to the level of the external cost.
It is necessary to know the shape of the firm's supply curve in order to determine the appropriate tax rate for the pigouvian tax. Without this information, it might be challenging to choose the appropriate tax rate to reduce pollution to the desired level.
A "Pigouvian tax" is a fee levied on private individuals or businesses for engaging in activities that have detrimental impacts on society (sometimes spelled "Pigouvian tax").Pigouvian taxes raise the marginal private cost by the amount of the negative externality, which is largely used to combat market inefficiencies. In this case, the final cost will include the overall social cost of economic activity.As a result, when a tax is set at the same level as a transferable allowance of the external cost.
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any two importance of office resources
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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Does it make sense to buy software to measure carriers' performance? A. Yes. Doing so allows you to make side-by-side comparisons of carriers' on-time rates, damages, and many other important measurements. B. No. There's no substitute for calling carriers and finding out their information through a series of one-on-one conversations. C. Maybe, if you're just starting out in the business. D. Maybe, if you've been a broker or agent for many years and need to fine-tune your carrier selections.
Yes. Doing so allows you to make side-by-side comparisons of carriers' on-time rates, damages, and many other important measurements. Option A is the correct answer.
By purchasing software to measure carriers' performance, you gain access to data-driven insights and metrics that can help you evaluate carriers more effectively. This software provides objective measurements of carriers' performance, such as on-time delivery rates and damages, allowing you to compare different carriers' performance side by side.
This data-driven approach provides valuable information for making informed decisions and selecting carriers that best meet your specific requirements. It saves time and effort compared to relying solely on one-on-one conversations with carriers, making it a sensible choice for improving carrier selection and performance evaluation.
Option A is the correct answer.
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a country has a current account deficit when its current account transactions generate more money flows out of than into a country. true or false?
The statement is true because a country has a current account deficit when its current account transactions generate more money flows out of than into a country.
This occurs when the total value of goods and services it imports, as well as the payments made on its international investments, are greater than the total value of goods and services it exports and the returns it receives on its international investments.
A current account deficit can indicate that a country is spending more on foreign goods, services, and investments than it is earning from its exports and investments abroad. This can lead to a decrease in a country's foreign exchange reserves, affect its currency value, and potentially influence its economic policies.
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Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?
Answer: Improving Peoples’ Skills
Improving Customer Service
Explanation:
Two challenges and opportunities for managers in using Organizational Behavior (OB) concepts are;
Improving Peoples’ Skills
Improving Customer Service
Improving People's skills would be seen as seeing the people develop in various field and sector where they are performing and an avoidance of this affects the growth of the organization.
Improving the customer service improves the face of the business, once this is catered for, it gives a good reputation about the company.