Merideth is a new student in the college and she just signed up for an online course. The last time she was in school was twenty-two years ago. After taking the learning modalities questionnaire, she learned that she has very strong visual skills. This didn't surprise her because she has always enjoyed reading. During a class discussion, Merideth learned that there are many ways she can study that capitalize on her visual strengths. Merideth was ecstatic; she had never heard of these techniques before. She decided to make a list of learning activities for studying that utilize her visual skills. 1. Explain in details what kind of learning activities or strategies do you think Merideth put on her list.

Answers

Answer 1

As she has very strong visual skills, she can consider learning activities that maximize her visual strength.

Meredith can include the following learning activities or strategies on her list for studying that utilize her visual skills:

1. Graphic organizers provide an outline of the topic and its structure to the learner and help them comprehend the information visually. This strategy can be used for note-taking or for studying from a textbook.

2. Mind maps are diagrams used to visually represent words, ideas, and tasks. They can be used to take notes, brainstorm, and organize information.

3. Flashcards help to reinforce learning and memorization. They can be used to learn concepts, terms, or definitions.

4. Infographics are visual representations of information that make the learning process more engaging and easier to remember.

5. Videos are a powerful way to learn visually. They can help learners understand complex concepts, remember information, and provide a dynamic and engaging way to learn.

6. Diagrams and charts help to understand the relationships between concepts and ideas. They can be used to understand complex topics and provide a visual representation of the information.

7. Color coding can be used to categorize information or concepts. This strategy helps to identify patterns and makes the information easier to remember.

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Related Questions

Which action is most likely to be seen in a firm with a highly culturally diverse management team?
Select one:
• a. use diverse languages for business communications across various teams across the globe
• b. follow country specific ethical standards across the globe
c. create a global view inside the firm while remaining in touch with local realities
o. use local employees, for accountability decentralize all malor company decisions

Answers

A firm with a highly culturally diverse management team is most likely to implement the action of creating a global view inside the firm while remaining in touch with local realities.

This means that the management team recognizes the importance of diversity and understands that different cultures have different perspectives and ways of doing business. By creating a global view, the firm can leverage the strengths of each culture to create a more successful and effective business strategy. At the same time, the management team must remain in touch with local realities to ensure that the business strategy is tailored to the local market and that the firm adheres to local laws and regulations.

This approach allows the firm to benefit from diversity while also respecting the local culture and ensuring that the business operates ethically and successfully in each market. While using diverse languages for business communications across various teams across the globe can also be an action implemented by a culturally diverse management team, it is not the most likely action, as many firms may choose to have a common language for business communication to facilitate collaboration and efficiency.

Following country-specific ethical standards across the globe is important for any firm, but it does not necessarily reflect the influence of a culturally diverse management team. Finally, using local employees for accountability decentralization of all major company decisions is not necessarily related to cultural diversity, as this approach can be implemented in any firm regardless of the cultural background of its management team.

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identify ten entrepreneur and classify them under the types of entrepreneur​

Answers

Answer: There are only five types of entrepenuer...

1. Skeptical entreprenuer: Sees the success of others and questions it.

2. Copycat entreprenuer: Sees the success of others and copys them exactly.

3. Research entrepreneur: They research every possible scenario and outcome for strategies to start or grow a business...

4. The determined entrepreneur: - hasn't made it yet- but will.

5. The accolmplished entrepreneur: Has gone through all types of entrepreneur and has built success from it.

Explanation: Hope this helps!

How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78

Answers

Answer:

The present value is $537.78

Explanation:

Given

\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)

Required

The Present Value(I)

To calculate the present value, we simply apply the formula for future value;

\(FV = I *(1 + R)^T\)

Substitute 20,000 for FV; 50 for T and 7.5% for R;

This gives

\(20,000 = I *(1 + 7.5\%)^{50}\)

Convert percent to decimal

\(20,000 = I *(1 + 0.075)^{50}\)

\(20,000 = I *(1.075)^{50}\)

\(20,000 = I *37.19\)

Divide both sides by 37.19

\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)

\(\frac{20,000}{37.19} = I\)

\(537.778 = I\)

\(I = 547.78\ (Approximated)\)

Hence, the present value is $537.78

Explain the importance of office for an organization long answer

Answers

Answer:

The answer to this question is given below in this explanation section.

Explanation:

                  " importance of office for an organization"

An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.

It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information  but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.

Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.

Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service

Answers

The most effective would be B

Answer:

Customer Service

Explanation:

the key ingredient(s) in steiner's model of productivity is (are)

Answers

The key ingredient(s) in Steiner's model of productivity is (are) task, individual characteristics, and group effectiveness.

Steiner's model of productivity is based on the idea that the productivity of a group is determined by three factors: the nature of the task to be performed, the characteristics of the individuals performing the task, and the effectiveness of the group as a whole. The model emphasizes the importance of understanding the specific demands of the task, including its complexity, the need for coordination, and the importance of communication. The individual characteristics of group members, such as their skills, motivation, and experience, are also seen as important factors that influence productivity. Finally, group effectiveness, which is determined by factors such as leadership, communication, and group dynamics, is seen as a critical factor in determining the overall productivity of the group.

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A C corporation earns $8.30 per share before taxes and the company pays a dividend of $4.00 per share. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the after-tax amount an individual would receive from the dividend?

Answers

Answer:

$3.4

Explanation:

The computation of the after-tax amount that received from dividend is shown below:

The Dividend is $4 per share

And, the tax on dividend is 15%

So, after tax amount after receiving the dividend is

= dividend - dividend × tax on dividend

= $4 - $4 × 15%

= $4 - $0.6

= $3.4

It is to be paid by the corporation it is not the liability of an investor

explain how the flexibility of wages and resources prices affectst the duration of trecessionary gaps and inflationary gpas

Answers

If wages are flexible, they can decrease in response to a recessionary gap, reducing production costs and helping firms stay in business. This can also encourage employers to hire more workers, which can help reduce unemployment.

A recessionary gap occurs when the level of aggregate demand in the economy is lower than the potential output, leading to high unemployment and a decrease in economic growth. In such situations, if wages and resource prices are flexible, they can adjust downward to help restore equilibrium in the market.

An inflationary gap occurs when the level of aggregate demand in the economy is higher than the potential output, leading to high inflation and a decrease in the value of money. In such situations, if wages and resource prices are flexible, they can adjust upward to help restore equilibrium in the market.

If resource prices are flexible, they can decrease in response to a recessionary gap, leading to a decrease in production costs and an increase in supply. This can lead to an increase in output and employment, helping to reduce the gap.

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Have $54,118.54 in brokerage account, and plan to deposit additional $3000 at the end of every future year until account totals $210,000. Expect to earn 10% annually on the account. How many years will it take to reach goal?

Answers

Answer:

11 years

Explanation:

PV= 54,118.54

FV= 210,000

I/Y= 10

PMT= 3000

N = ?

Number of years = N(Rate, -Pmt, -Pv, Fv)

Number of years = N(10, -3000, -54,118.54, 210,000)

Number of years = 10.9999949

Number of years = 11

in regard to resource leveling, why are noncritical path activities generally the first to be delayed?

Answers

Noncritical path activities are generally the first to be delayed in resource leveling because they have more flexibility in terms of their start and finish times compared to critical path activities.

Resource leveling is a technique used in project management to address resource constraints and optimize resource utilization. The critical path represents the sequence of activities that determine the project's overall duration. These activities have zero or very little flexibility in terms of their start and finish times, and any delay in critical path activities will directly impact the project's completion time. On the other hand, noncritical path activities have some slack or float, meaning they can be delayed without affecting the project's overall duration. By delaying noncritical path activities, project managers can better allocate scarce resources to critical path activities and ensure that critical tasks are completed on time. Delaying noncritical path activities allows for better resource utilization and avoids overloading resources when they are already stretched thin. It helps to balance resource allocation and ensure that critical activities receive the necessary attention and resources to meet project deadlines.

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Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $336,000; the partnership assumes responsibility for a $118,000 note secured by a mortgage on the property

Answers

For the purposes of the partnership, the following amounts have been recorded: Badger, Capital $225,000; Fox, Capital $175,000

How a Partnership Works?A partnership is any endeavor in which numerous people collaborate. Parties can include governments, nonprofits, corporations, or private individuals. The goals of a partnership may also be very different. When speaking of a for-profit venture run by two or more people, the three main forms of partnerships are general partnerships, limited partnerships, and limited liability partnerships. In a general partnership, all partners share equal financial and legal responsibility. The partners are personally responsible for the debts the partnership accrues. Profits are distributed in the same proportions. The details of profit sharing will almost certainly be spelled out in writing in a partnership agreement.

Therefore,

The correct option is c) Badger, Capital $225,000; Fox, Capital $175,000.

The complete question is:

Badger and Fox are forming a partnership. Badger invests a building that has a market value of $350,000; the partnership assumes responsibility for a $125,000 note secured by a mortgage on the property. Fox invests $100,000 in cash and equipment that has a market value of $75,000. For the partnership, the amounts recorded for Badger's Capital account and for Fox's Capital account are:

a. Badger, Capital $350,000; Fox, Capital $100,000.

b. Badger, Capital $350,000; Fox, Capital $175,000.

c. Badger, Capital $225,000; Fox, Capital $175,000.

d. Badger, Capital $225,000; Fox, Capital $100,000.

e. Badger, Capital $225,000; Fox, Capital $75,000.

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Why has FDI increased in developing countries?

Answers

The low labor and production costs in the country of destination are the key drivers of foreign direct investments. FDI is essential for economic expansion.

A target country's economic development can be boosted by FDI, which can also improve business conditions, attract investors, and boost the local economy and community. Foreign direct investments (FDI) are capital inflows into an economy from another nation with the goal of acquiring a long-term management stake in the company, other than the investor's. It is the total of the balance of payments' representations of capital reserves, earnings reinvested, other long-term assets, and short capital.

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How do fluctuations in aggregate demand and​ short-run aggregate supply bring fluctuations in real gdp around potential​ gdp?.

Answers

For instance, starting from full employment, a decrease in aggregate demand decreases the price level and real GDP and creates a recessionary gap.

What do you means by GDP?

GDP, which stands for gross domestic product.

Gross domestic product is a monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.

It is the sum of all consumption, consumer spending, government spending, the country’s investment, business capital expenditures and total net exports, i.e. difference of the total exports less total imports.  

It is often cited in newspapers, on the television news, and in reports by governments, central banks, and the business community. It has become widely used as a reference point for the health of national and global economies.

What are the types of GDP?

Nominal GDP – the total value of all goods and services produced at current market prices.Real GDP – the sum of all goods and services produced at constant prices. Actual GDP – real-time measurement of all outputs at any interval or any given time.

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Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:
Rental Class
Super Saver Deluxe Business
Room Type I $30 $35 -
Type II $20 $30 $40
Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms.
(a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.
Rental Class with room type No of Reservations
Super Saver rentals allocated to room type I Super Saver rentals allocated to room type II Deluxe rentals allocated to room type I Deluxe rentals allocated to room type II Business rentals allocated to room type II (b) For the solution in part (a), how many reservations can be accommodated in each rental class?
Rental Class No of Reservations
Super Saver I Deluxe Business Demand for - Select your answer -DeluxeSuper SaverBusinessItem 9 rental class was not satisfied.
(c) With a little work, an unused office area could be converted to a rental room. If the conversion cost is the same for both types of rooms, would you recommend converting the office to a Type I or a Type II room?
Type I Type II
Shadow Price $ $
Convert an unused office area to - Select your answer -Type IType IIItem 12 room.
Explain.
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
(d) Could the linear programming model be modified to plan for the allocation of rental demand for the next night?
- Select your answer -YesNoItem 14
What information would be needed and how would the model change? Explain.

Answers

(a) The linear programming model can be formulated as follows:

Let:

x1 = Number of Super Saver rentals allocated to room type I

x2 = Number of Super Saver rentals allocated to room type II

x3 = Number of Deluxe rentals allocated to room type I

x4 = Number of Deluxe rentals allocated to room type II

x5 = Number of Business rentals allocated to room type II

Objective function: Maximize profit

Profit = 30x1 + 20x2 + 35x3 + 30x4 + 40x5

Subject to:

x1 + x2 ≤ 130 (Demand for Super Saver)

x3 + x4 ≤ 60 (Demand for Deluxe)

x4 + x5 ≤ 50 (Demand for Business)

x1 + x3 ≤ 100 (Number of Type I rooms)

x2 + x4 + x5 ≤ 120 (Number of Type II rooms)

x1, x2, x3, x4, x5 ≥ 0 (Non-negativity constraint)

Using this model, you can solve for the values of x1, x2, x3, x4, x5 that maximize the profit.

(b) The number of reservations that can be accommodated in each rental class would be the values obtained from the solution in part (a):

Super Saver:

No of Reservations = x1 + x2

Deluxe:

No of Reservations = x3 + x4

Business:

No of Reservations = x5

The demand for Deluxe rentals was not satisfied if the value of (x3 + x4) is less than 60.

(c) To determine whether to convert the office to a Type I or Type II room, we need to compare the shadow prices (also known as dual values) associated with the constraint on the number of Type I rooms and the constraint on the number of Type II rooms.

If the shadow price for the constraint on the number of Type I rooms is higher, it would be more profitable to convert the office to a Type I room. If the shadow price for the constraint on the number of Type II rooms is higher, it would be more profitable to convert the office to a Type II room.

The shadow price values obtained from solving the linear program will determine the recommendation.

(d) Yes, the linear programming model can be modified to plan for the allocation of rental demand for the next night. The model would need to incorporate the new demand forecast for the next night, considering the availability of rooms and the profit per night for each rental class and room type. The objective function and constraints would need to be adjusted accordingly to optimize the profit for the next night's rental allocations. The decision variables would represent the number of reservations to accept for each rental class and room type for the next night.

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630-689
Fair
690-719
Good
300-629
Bad
720-850
Excellent
Which of the following is most likely true for a person with a credit score of 600?
A) That person will find it easy to get a loan
B) That person will find it difficult to get a loan
C) That person's loan will likely have high interest rates
D) That person will probably not have to make very high monthly payments

Answers

Answer:

b

Explanation:

our score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Define the term job and ways in which grade 12 learners could consider finding a job

Answers

A job is a paid position of regular employment that entails carrying out a particular set of responsibilities.

There are three options for students in grade 12 to think about when looking for employment:

In order to find out about job options, students in grade 12 should think about networking with people they know, such as their family, friends, teachers, and neighbours. They might learn about unlisted job openings if they let folks know they're looking for work.

Websites for job searches: Learners can locate job ads for numerous industries on a variety of online job search websites. Learners can use these websites to look for jobs according on their region, abilities, and qualifications.

Job fairs: Going to a career fair can be a fantastic method for students in Grade 12 to network with possible employers and discover new professions. Also, job fairs give students a chance to network with others.

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Why is technology important?Explain.​

Answers

Technology affects the way individuals communicate, learn, and think. It helps society and determines how people interact with each other on a daily basis. Technology plays an important role in society today. For example, you’re using technology for help. It has positive and negative effects on the world and it impacts daily lives
Technology has become a fundamental part of many people’s lives when it comes to communicating. It gives us the ability to do research and learn new things.

Keeping a product generic as long as possible before customizing is known as?

Answers

Keeping a product generic as long as possible before customizing is known as " Vendor-managed inventory".

What do you mean by Vendor-managed inventory?

The main purpose of vendor-managed inventory is to keep the product safe. Therefore, a true and clear relationship among both the parties can be created for more smoothly and accurately control over the flow of goods.

Under this Vendor-managed inventory system the vendor utilize the buyer's premises in order to safe the product and also have the control over them. A product is generally refers to as the article that is manufactured or generate for sale purpose.

In VMI the retailed of product shares their inventory data with the vendor. because the vendor is considered as the decision-maker.

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Which of the following are consequences of contractionary monetary policy rarely being used? (choose all that apply)
A. decreased government spending
B. increased economic stability
C. increased government debt
D. high inflation

Answers

Increased economic instability, higher government debt, and the risk of high inflation are consequences of infrequent use of contractionary monetary policy.

C. Increased government debt: When contractionary monetary policy is not effectively implemented, it can lead to increased government debt. This is because contractionary measures, such as higher interest rates, are often used to control inflation and slow down economic growth. Without such measures, government spending may continue unchecked, leading to higher debt levels.

D. High inflation: Without the implementation of a contractionary monetary policy, there is a higher risk of inflationary pressures building up in the economy. Contractionary measures are typically used to control inflation by reducing the money supply and tightening credit conditions. Without these measures, inflationary pressures can persist and lead to high inflation rates. Therefore, options C and D are the consequences of contractionary monetary policy rarely being used.

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economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of the choices people make. list 3 decisions that you have made in the last 24 hours.

Answers

Answer:

whether I should buy 1killo of orange or 2killo banana

A fundamental law of nature states that the quantities of labor, capital, land, and entrepreneurial resources that can be employed to produce products and services are finite. It implies that there are a finite number of resources available to the economy at any given time to produce products and services.

What three problems must an economic system solve?

It's possible to question and remove unsourced material. The three basic economic questions that must be addressed and resolved by economic systems as a sort of social system are: "How much and which alternative commodities and services shall be created?" and "What kinds and amounts of goods shall be produced." How should products be made?

Limitations on resources and insatiable human desire are the root causes of all economic issues. It develops as a result of a lack of resources that can be used in other ways. Each community must make choices about how to use its limited resources. In general, resource allocation is the main issue in an economy.

Thus, The amount of labor, money, land and entrepreneurial resources that can be used to create goods and services is limited, according to a fundamental rule of nature.

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The overriding aim in building a management team should be to: A. select people who are committed to decentralizing decision making and empowering employees. B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution. C. choose managers experienced in controlling costs and flattening the organization structure. D. select people who have similar management styles, leadership approaches, business philosophies, and personalities. E. choose managers who believe in having a strong corporate culture and deeply ingrained core values.

Answers

Answer:

B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution.

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Generally, the overriding aim in building a management team is to assemble a critical mass of talented managers who are able to typically function as agents of change while furthering the cause of first-rate strategy execution for the growth and development of a business firm or organization.

You estimate an index model for Stock A using the market excess return. The estimate beta is 1.4. The standard deviation of market return is 5% and the standard deviation of Stock A's return is 8%. What is the R-squared of Stock A using this single index model.
A) 50%
B) 76.6%
C) 87.5%
D) 100%
E) None of the above

Answers

The correct answer is option B) 76.6%.

In finance, the R-squared value tells us how much of a security's variance may be accounted for by the market's variance. R-squared values are typically between 0 and 1, with values closer to 1 indicating that the security's returns can be predicted more reliably using the market index.

According to the given information: Beta = 1.4, Standard deviation of market return = 5%

Standard deviation of stock A's return = 8%

Using the formula below, we can calculate the R-squared value for stock A.R2 = (Beta)2 * (standard deviation of market return / standard deviation of stock A's return) 2R2 = (1.4)2 * (0.05 / 0.08)2R2 = 0.961 or 96.1%

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An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit of $5000 is added to the account. What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made

Answers

Answer:

$60,030.54

Explanation:

19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio

Answers

Answer:

Internet

Explanation:

Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.

What is a public good?

A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment

B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment

C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment

D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.

Answers

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without  payment

Which of the following are clichés?

Which of the following are clichs?

Answers

Answer:

2nd scentence

Explanation:

Pass with flying colors
Quick as a flash
Easier said than done
First and foremost

OJT is best for large groups.

True
False

Answers

Answer - true
I think this is right

A job​ ________ describes the​ content, environment, and conditions of​ employment, whereas a job​ ________ states the minimum qualifications a person must possess to successfully perform the job.

Answers

A job​ description describes the​ content, environment, and conditions of​ employment, whereas a job​ specification states the minimum qualifications a person must possess to successfully perform the job.

Job analysis is a systematic process of gathering information about the nature of a job, qualities and qualifications needed for the job, physical and mental capabilities needed for the job, duties and responsibilities, physical and mental effort needed to perform a job, necessary skills needed to perform a job, working conditions and environment for a job, in order to describe the job description and job specification, for the hiring and selection of employees, and to improve the job.

Additionally, there are some outside sites that offer helpful advice on job hunting and resume writing; anybody can browse essay writing service reviews to see which companies offer the top services for writing an application essay or a CV.

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At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5 years with an AR of 12:54 On new boots, a 20% down payment was required. Sort wanted to finance a $65.000 boat for 5 years (a) What would be the finance charge on the loan (in 5) (b) What would be the monthly payment in sy? (Round your answer to the nearest cent.)

Answers

Finance charge on the loan for a $65,000 boat over 5 years would be $32,676.60. The monthly payment in this scenario would be $1,411.28.

(a) To calculate the finance charge on the loan, we first need to determine the total amount financed, which is the purchase price minus the down payment. The down payment is 20% of $65,000, which is $13,000. Therefore, the total amount financed is $65,000 - $13,000 = $52,000.

Next, we calculate the finance charge using the formula: Finance Charge = Total Amount Financed * Annual Interest Rate * Loan Term.

Finance Charge = $52,000 * 12.54% * 5 = $32,676.60. Therefore, the finance charge on the loan would be $32,676.60.

(b) To calculate the monthly payment amount, we divide the total amount financed plus the finance charge by the number of months in the loan term. Total Loan Amount = Total Amount Financed + Finance Charge = $52,000 + $32,676.60 = $84,676.60.

Monthly Payment = Total Loan Amount / Number of Months = $84,676.60 / (5 years * 12 months/year) = $1,411.28 (rounded to the nearest cent). Therefore, the monthly payment for the loan would be approximately $1,411.28.

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Aggie Limo is considering upgrading their fleet of stretch limosines by adding a large flat screen TV. With the flat screen TV, they can charge more money enabling annual revenue for each limosine. There is also a small increase in annual cleaning costs. Flatscreen cost including installation: 1540
Additional annual revenue per car due to flat screen: 832 Additional annual cleaning cost due to flat screen: 148 What is the payback (in years)?

Answers

We must ascertain how long it will take for the additional money brought in by the flat-screen TV to offset the cost of installation and the rise in yearly maintenance expenses in order to calculate the payback period.

The flat screen TV's initial price, including installation, is $1540. The flat screen TV generates $832 more in annual revenue per car, while the higher annual cleaning expenses come out to $148. We divide the initial expense by the net yearly cash flow, which is the difference between the additional revenue and the additional cleaning expense, to determine the payback period: Initial cost x Net annual cash flow equals the payback time. Net annual cash flow is equal to additional revenue minus additional cleaning expenses ($832 minus $148 equals $684). Period of repayment = $1540 / $684 ≈ 2.25 years The addition of the flat-screen TV to the limousine fleet will therefore pay for itself in roughly 2.25 years.

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