One possible outcome of an influence attempt is ___________, a strong effort made an enthusiastically carries the request.
Compliance
resistance
indifference
commitment

Answers

Answer 1

One possible outcome of an influence attempt is Commitment, a strong effort made an enthusiastically carries the request.

Any attempt at influence is judged on how well it works by how the follower or target of the effort reacts. Influence-seeking actions can have one of three outcomes:

1. Resistance: The person you are attempting to influence rejects your efforts to change his or her behavior and either avoids, disregards, or actively rejects your attempts to persuade. This resistance can manifest in a variety of ways, including the following:

Outrightly reject your efforts to persuade them to do something.Your attempts to persuade are ignored.Give them justifications for why they can't do what you want.Request a decision-making override from higher authorities.Attempt to convince you to stop attempting to influence people.Maintain an appearance of compliance while actively working to undermine your efforts.

2. Compliance: The target of your influence tactic accepts it, but apathetically or unenthusiastically. It is likely that you have been successful in influencing the behavior of your influence target but not their attitudes if their response to your influence attempt may be characterized as compliance.

3. Commitment: The subject of your influence attempt enthusiastically and voluntarily agrees with your decision or influence attempt and does the requested action. The person does not respond out of obligation, but rather out of want.

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Related Questions

True or false. A direct deposit is when you take your check straight to the bank when you receive it

Answers

Answer:

false

Explanation:

Erica's Country Furniture sells wooden chairs for $179.49. It buys the chairs from a craft shop for $87.49 each. Its overhead rate is 28%. What is the net profit rate for each chair?

Answers

Answer:

60.28%

Explanation:

The selling price per chair = $179.49

buying price per chair = $87.49

the overhead rate is 28%

Actual overheard = 28% x $87.49

=28/100 x 87.49

=0.28  x 87.49

=$24.4972

total cost price per chair =  $87.49 + $24.4972

=$111.98

profit per chair

= $179.49 - $111.98

=67.51

Profitability rate = 67.51/111.98 x 100

=60.28%

If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school ​

Answers

option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.

Why is it?

You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.

The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.

Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.

Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.

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The ___ is the largest U.S. electronic stock trading market

Answers

Answer: The New York Stock Exchange (NYSE).

The New York Stock Exchange (NYSE) is the largest electronic stock trading market in the United States.

Established in 1792, it is the world's largest stock exchange by market capitalization. The NYSE lists more than 2,400 companies from around the world and has a total market capitalization of more than $20 trillion.

In order to be listed on the NYSE, companies must meet certain financial and operational standards that are set by the exchange. Companies must also pay listing fees to the NYSE and are subject to ongoing reporting and disclosure requirements. The NYSE also enforces rules that govern how companies can issue new shares of stock, as well as how they can repurchase shares of their own stock.

The NYSE is an electronic stock exchange, meaning that all transactions are executed electronically. It uses a continuous auction market, which means that orders are matched in real time. The NYSE has two trading floors in New York City, as well as a global network of electronic trading platforms that allow investors to trade stocks around the world.

The NYSE is regulated by the Securities and Exchange Commission (SEC). The SEC sets standards for how the exchange operates and enforces rules that protect investors from fraudulent or manipulative activities.

The NYSE is also a member of the Financial Industry Regulatory Authority (FINRA), which is responsible for ensuring that all investors receive fair and equitable treatment.

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which of the following statements is true? a. average revenue is the same as price for monopoly firms but not competitive firms. b. when a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price. c. when a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price. d. average revenue is the same as price for competitive firms but not monopoly firms.

Answers

(d) Average revenue is the same as price for competitive firms but not monopoly firms.

In a competitive market, firms are price takers, meaning they have no control over the market price and have to sell their products at the prevailing market price. Therefore, the price is equal to their average revenue. On the other hand, a monopoly firm is the only supplier in the market, which means it has control over the market price.

To sell more output, the monopoly firm must lower the price, which reduces its average revenue. When a monopoly firm sells an additional unit of output, it will not only receive the price of that unit but also experience a decrease in the price of all units sold, resulting in a smaller increase in revenue than the price.

This is because the monopoly firm has to lower the price of all units to sell the additional unit. Hence, option (b) is incorrect. Option (c) is also incorrect because competitive firms are price takers, and when they sell an additional unit of output, their revenue increases by the price of that unit.

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International Expansion. Zach wants to expand his coffee business internationally - into Zeno, a small remote country in Africa. His best friend Zora asks him if he plans to hire legal counsel for the expansion. Zach replies, "Of course not. The U.S. has the strictest laws regarding contracts, employment, and business practices. So long as I'm legal here, I'm legal anywhere. Besides, I studied up on Zeno law ten years ago, and I know it all." Zach proceeds and lands in jail in the remote country of Zeno for violating recently passed laws protecting employees and mandating certain benefits. Authorities there claim that he sexually harassed an employee, failed to pay sufficient wages, and failed to give employees Zeno's mandated 12 weeks of vacation per year.
Which of the following is true regarding Zach's defense that he thought he knew the law of Zeno because he had studied it some years before and that the laws under which he was arrested were new?
Zach cannot be prosecuted so long as he was not aware he was violating the law. He did not have the requisite intent to perform a criminal act regardless of whether the laws were new.
Zach is entitled to rely as a defense on the fact that he had studied the law at one time. Officials in Zeno were charged with publicizing any changes.
If Zach can prove that the laws at issue were passed within the last six months before he was arrested, he will get out of jail because under international law, there is a six-month grace period for foreigners.
If Zach can prove that the laws at issue were passed within the last twelve months before he was arrested, he will get out of jail because under international law, there is a twelve month grace period for foreigners.
Rules in international business change frequently, and Zach had a duty to stay current. It is not a defense that he studied the law at one time and that the laws at issue were new.

Answers

Zach's cannot rely on his previous knowledge as a defense, as rules in international business change frequently, and individuals have a duty to stay current with the laws of the country they operate in.

The true statement regarding Zach's defense is that he cannot rely on the fact that he studied the law of Zeno in the past as a valid defense. In international business, it is crucial for individuals and businesses to stay current with the laws and regulations of the countries they operate in. Rules and regulations can change over time, and it is the responsibility of individuals to keep themselves updated with any legal developments.

Zach's claim that the laws under which he was arrested were new does not absolve him of liability. Ignorance of the law is generally not a valid defense, and individuals are expected to familiarize themselves with the current laws and regulations of the jurisdiction they are operating in.

Furthermore, Zach's assumption that the laws in the U.S. govern his actions internationally is incorrect. Each country has its own legal system and regulations that must be adhered to when conducting business within its borders. Zach's failure to comply with the recently passed laws in Zeno led to his arrest and potential prosecution.

In conclusion, Zach's defense that he studied the law of Zeno in the past and was unaware of the new laws is not a valid defense. It is essential for individuals engaging in international business to stay informed about the current laws and regulations of the countries they operate in to avoid legal complications and ensure compliance with local requirements.

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Document 3: What happens to competition in a communist system?

Document 3: What happens to competition in a communist system?

Answers

Answer:

Explanation:

In a communist system the central authority dictates the means and quantity of production , and gives strict rules on businesses. Since there is no competition amongst firms , each is given the amount of money and each wo0rker is paid the same with same expectations of each.

(d) State how the double entry would be completed for the items recorded in the ledger accounts
column of the petty cash book.

Answers

The general ledger's expense account is debited for the sum of each expense column.

How does a general ledger work?

An organization employs a general ledger, which is a group of numbered accounts, to record its financial activities and generate financial reports. A unique record detailing a particular kind of asset, risk, equity, revenue, or expense makes up each account.

Which five categories of accounts for general ledgers are there?

Accounts receivable, a commodity account, represents money owed to your business. Accounts payable refers to money that your business owes to creditors for expenses. Cash: Easily convertible assets held by your company, such as accounts and owner' equity.

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What are three negative effects of conflict when it is not handled well?

Answers

Answer:

Low moraleAbsenteeism, Turnover and termination.

Explanation:

Conflicts are unresolved differences between two or more parties. They are intense disagreements caused by parallel thoughts, ideology, action, or plans. When unchecked, conflicts may result in violent behavior. Other negative effects of conflict include

1. Low morale: Conflicts create a tense working environment.  Employees can not focus on their duties. Teams do not perform as cohesive units, which demoralizes employee morale. Productivity per worker reduces, which affects the overall business performance.

2. Absenteeism: Conflict in the workplaces make a section of staff feel not appreciated. They feel their ideas and efforts are not given due consideration. Staff members with such feelings will look for excuses to miss work.

3. High employee turnover :Conflicts make employees seek opportunities elsewhere.

CAREER (need help need to be %100 right)

Any activity that leaves you feeling weaker after you do it is a ___?

A) talents
B) strength
C) interest
D) weakness

Practicing and hard work builds your talents into ___?

A) strengths
B) weaknesses
C) motivation
D) passion

Answers

Answer:

D) weakness

A) strengths

Explanation:

As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the

most demand
highest costs
most profits

Answers

Answer: most profits

Explanation:

The answer is C. The most profit

To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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Verb Phrases Worksheet #3

Change the verb phrase to a strong, descriptive verb phrase for a resume

Answered customer questions
Helped a customer sign up for a loyalty program
Worked a cash register
Listened to customer orders and got them what they wanted
Sell tickets
Put items on shelves
Found expired items and took them out
Cooked cookies
Cooked nachos
Was in a group with other students
Told students what do when baking stuff
Took care of the cat
Took care of the baby
Watched my five year old niece and let her play and eat stuff
Cleaned the house (dusting, cleaning the table and the windows, dishes)
Did the Trash and Recycling and stuff outside
Helped my dad with the oil in our car
Used a computer to type stuff


Write your changed phrase here! Remember for 9-14 there are multiple answers!
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________ _________________
____________________ _________________ __________________
____________________ _________________ __________________
____________________ __________________ _________________
____________________ __________________ __________________ _____________
____________________ ___________________
_____________________ ___________________

Answers

The changed verb phrases are as follows- signing up, working on, listening to, selling, putting, taking ,cooking, cooked, while baking, taking care, watching, have cleaned, do the Trash and Recycling and stuff outside, helping , using.

What are verb phrases?

A verb phrase is a syntactic unit in linguistics that consists of a verb and its arguments, excluding the subject of an independent clause or coordinate clause.

Verb phrases are classified into two types: finite, in which the head is a finite verb, and nonfinite, in which the head is a nonfinite verb, such as an infinitive, participle, or gerund.

Therefore, the changed verb phrases are mentioned above.

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Two similarities of government and business office two similarities

Answers

Two similarities of government and business office two similarities are:

Rules and RegulationsHierarchical Structure

What are the diffrences as well as the similarities?

In term of Hierarchical Structure it can be deduced that government  as well as business offices  can be seen to posses hierarchical structure,  which can be seen to have a command that can influence the authority as well as responsibilities of each level.

In term of Rules and Regulations it can be deduced that government  as well as business offices  do possses some rules  as well as regulations which in the process of governing their operation.

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. The purpose of the transportation approach for locational analysis is to minimize
a) total costs b) total shipping costs
c) total variable costs
d) total fixed costs

Answers

The purpose of the transportation approach for locational analysis is to minimize total costs. So, the correct option is a) total costs.

This approach is used to determine the optimal location for a facility by considering transportation costs and distances between potential locations and the facility's customers or suppliers. By minimizing total costs, a company can improve its competitiveness and profitability.

The transportation approach involves using linear programming techniques to optimize the allocation of goods between different locations. This technique considers factors such as shipping costs, transportation times, and inventory carrying costs to determine the most efficient way to move goods from one location to another.

By minimizing total costs, a company can also reduce its environmental impact by minimizing the distance traveled and the energy required for transportation. This approach can also help to reduce congestion and traffic on the roads, leading to a more sustainable and efficient transportation system.

In summary, the transportation approach for locational analysis is an important tool for businesses to optimize their operations, reduce costs, and improve sustainability.

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true or false: the slope of the demand curve is equal to the value of the price elasticity of demand.

Answers

False. The slope of the demand curve represents the responsiveness of the quantity demanded to changes in price, but it is not equal to the value of the price elasticity of demand.

The price elasticity of demand measures the proportionate change in quantity demanded in response to a change in price and is calculated using a specific formula. The slope of the demand curve is only one factor that can be used to estimate the price elasticity of demand, but it is not a direct measure of it. The slope of the demand curve measures the rate of change of the quantity demanded with respect to changes in price. It is a graphical representation of the demand function and reflects how much the quantity demanded changes as the price changes.

On the other hand, the price elasticity of demand measures the responsiveness of the quantity demanded to changes in price, taking into account the percentage changes in both price and quantity demanded. It is a numerical measure that can be positive, negative, or zero, and is a way to quantify the sensitivity of consumers to changes in price.

So, while the slope of the demand curve can provide a rough estimate of the price elasticity of demand, the two concepts are not equivalent.

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True or False: the slope of the demand curve is equal to the value of the price elasticity of demand?

compute the predetermined overhead rate. determine the total cost of serving each client. assume the company charges clients an up-front fee of $470. food and nutritional supplements are priced at 25 percent above cost. clients are charged $34 per hour for consulting services (both nutrition counseling and personal training). determine the profitability of each client.

Answers

The estimated total overhead costs are divided by the estimated total amount of the allocation base to arrive at the predetermined overhead rate.

The predefined overhead rate in this instance is $25 per hour ($50,000 / 2,000 hours).

The following formula can be used to determine the total expense for each client:

Direct materials: $70

Direct labor: 10 hours x $34 = $340

Overhead: 10 hours x $25 = $250

Total cost: $660

The revenue from each client can be calculated as follows:

Up-front fee: $470

Food and nutritional supplements: 25% markup on cost of $70 = $87.50

Consulting services: 10 hours x $34 = $340

Total revenue: $897.50

The profitability of each client can be calculated as follows:

Profit = Revenue - Total cost

Profit = $897.50 - $660

Profit = $237.50

Therefore, the profitability of each client is $237.50.

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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter

Answers

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

What is the APR interest rate?

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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Which of the following is best for targeted marketing tactics? Select one.

a. LinkedIn
b. Billboards
c. Radio commercials
d. Banners

Answers

Answer:

C

Explanation:

I think it is C because radio commercials seem WAY more convincing.

Let me know if it helps! :)

MAKE ME A KRABBY PATTY SO I CAN GIVE IT TO PLANKTON!!!

2.1.4 King Code D This shows the financial performance of a business for a financial year (4 X 1) = (4) 1.2 KINGSTON TRADERS The information relates to the financial year ended 29 February 2020. Goods are sold at a profit mark-up of 40% on cost. REQUIRED: Prepare the Income Statement (Statement of Comprehensive Income) for (46) the year ended 29 February 2020),​

Answers

Both of these choices are correct as they are rightly presented.

      KINGSTON TRADERS

Statement of Comprehensive Income

For the Year Ended February 29, 2020

Net income                                $140,000

Other comprehensive income $20,000

Comprehensive income         $160,000

             KINGSTON TRADERS

               Income Statement

For the Year Ended February 29, 2020

Sales                                     $625,000

Cost of goods sold              $350,000

Gross profit                          $275,000

Operating expenses            $135,000

Net income                           $140,000

Other comp. income            $20,000

Comprehensive income     $160,000

The terms "profit" and "income" are often used interchangeably in life. In corporate finance, however, those terms could have very different and specific meanings, depending on the context in which they are used.

while income does mean positive flow of cash right into a business, net income is something much more complex. profit is generally understood to refer to the cash that is left over after accounting for expenses. although each gross earnings and working profit fit this definition in the simplest sense, the kinds of income and expenses which are accounted for differ in important ways

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how would a leader know whether a given subordinate, or group of subordinates, is trustworthy enough to be empowered?

Answers

A leader can determine whether a subordinate or group of subordinates is trustworthy enough to be empowered by evaluating their willingness to work hard, their ability to work independently, their reliability, their honesty and integrity, and their ability to follow through on commitments.

A leader can also measure credibility by observing how a subordinate or group of subordinates interacts with other employees and how they respond to feedback. An honest and open dialogue with a subordinate or group of subordinates can also be beneficial in determining credibility. Overall, a leader must consider the skills, experience, attitude, and overall character of a subordinate or group of subordinates to determine whether they are trustworthy enough to be empowered.

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“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or disagree?

Answers

Answer:

I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.

I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).

what is the purpose of the wheeler-lea act? answer unselected to authorize the ftc to determine rules and regulations for consumer warranties and provides consumer access to redress, such as the class-action suit unselected to establish the consumer product safety commission (cpsc) and authorizes it to set safety standards for consumer products as well as exact penalties for failing to uphold those standards unselected to empower the ftc to establish limits on quantity discounts, forbid some brokerage allowances, and prohibit promotional allowances except when made available on proportionately equal terms unselected to make deceptive, misleading, and unfair practices illegal regardless of injury to competition

Answers

The  purpose of the wheeler-lea act forbids debt collectors from using abusive, deceptive, or unfair collection methods.

What is Wheeler–Lea Act?

The Wheeler-Lea Act of 1938 is a federal legislation of the United States that amends Section 5 of the Federal Trade Commission Act to prohibit "unfair or deceptive actions or practices" and "unfair methods of competition." It established civil penalties for violating Section 5 orders.

It also added a section to Section 5 that said that "unfair or misleading actions or practices in commerce are now proclaimed unlawful" to the Section 5 restriction on unfair competition tactics in order to safeguard both consumers and competition.

Therefore, it can be concluded that Wheeler-Lea Act of 1938 takes actions against the unlawful practices with regard to commerce.

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Type the correct answer in the box. Spell all words correctly.


Which customers should Christopher focus on in this example?

Christopher wants to know why some of his customers left. He recently did an RFM analysis. He should focus on customers with the (BLANK) RFM score

Answers

Christopher wants to know why some of his customers left. He recently did an RFM analysis. He should focus on customers with the lowest RFM score.

What is RFM analysis?

RFM analysis is a marketing analysis technique that uses customer data to identify high-value customers and target them with personalized marketing campaigns. It stands for Recency, Frequency, and Monetary value and is used to analyze customer behavior and identify which customers are most valuable to a business. The recency component looks at how recently a customer has purchased from the business, frequency looks at the number of purchases a customer has made, and monetary value looks at the total amount of money spent by the customer. By analyzing these three factors, businesses can identify their most loyal customers and target them with personalized marketing campaigns.

In simple words, an RFM review determines which consumers are most likely to react to a new bid. Each consumer receives a three-digit RFM score (ranging from 111 to 555) as a result of the RFM review. A 555 means that a consumer has bought a service or product the most recently, consistently, and for the most money. Thus, Christopher should focus on lowest RFM score.

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True or false? Product/market fit automatically results in high-volume sales.

Answers

Answer:

It is True

Explanation:

Defining product-market fit

"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.

Product/market fit automatically results in high-volume sales, is the true statement.

What is a Product/market fit?

"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.

It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.

Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.

Thus, it is a true statement.

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Which of the following is a section found in most business plans?

A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market

Answers

Answer:

D. Target market

Explanation:

Enjoy the response

Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.

What is the significance of a business plan?

A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.

A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.

Therefore, the options C and D hold true and state regarding the significance of business plan.

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17. State four roles of water as a nutrient in human nutrition. 18. I) What is photosynthesis. II) State two roles played by photosynthesis in an ecosystem.​

Answers

There are four functions for water as a nutrient in human nutrition: Through sweating and respiration, water helps to control body temperature.

State four roles of water as a nutrient in human nutrition.

By assisting in the breakdown of food and the transportation of nutrients, water is essential for digestion and nutrient absorption. Blood volume and pressure are maintained with the aid of water. Water hydrates cells and maintains their structural integrity, which is essential for the healthy operation of organs and tissues. I) Green plants and some other organisms use sunlight, carbon dioxide, and water to synthesise their food, producing oxygen as a byproduct in the process. II) In an ecosystem, photosynthesis serves two functions: Production of oxygen: Photosynthesis is responsible for the creation of oxygen, which is necessary for the survival of many living things, including humans.

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State two reasons why people work

Answers

Answer:

earn money, make a change, fulfill their dreams

Explanation:

Money isn't the only reason why people work it's also for independence and have more control over their own life.

Explanation:

when you work you are also getting more skills and making more friends with people you have meet in you'r job.

A company's mission statement typically addresses which of the following questions? What approach should we take to achieve sustainable competitive advantage? What objectives and level of performance do we want to achieve? Who are we? What do we do? and Why are we here? Where are we going and what should our strategy be? The difference between the concept of a company mission statement and the concept of a strategic vision is that the mission is to make a profit, whereas a strategic vision concerns how to attract customers. a mission statement deals with what to accomplish on behalf of shareholders and a strategic vision concerns what to accomplish on behalf of customers. a mission statement concerns what to do to achieve short-run objectives and a strategic vision concerns what to do to achieve long-run performance targets. a mission statement typically concerns a company's present business scope ("who we are and what we do"), whereas the principal concern of a strategic vision is with the company's future business scope (long-term direction and future product-customer-market-technology focus).

Answers

A company's mission statement serves as a concise and clear declaration of its purpose and identity. It outlines the company's core values, goals, and strategic direction. The mission statement addresses several fundamental questions that guide the company's overall direction and decision-making processes.

Who are we? The mission statement defines the company's identity and character, conveying its unique qualities and distinguishing factors.

What do we do? It clarifies the nature of the company's business and the products or services it provides.

Why are we here? The mission statement explains the company's underlying purpose, its reason for existence, and the value it aims to create for its stakeholders.

What objectives and level of performance do we want to achieve? The mission statement outlines the company's goals, aspirations, and desired outcomes. It may include specific performance targets or metrics that the company aims to achieve.

Where are we going and what should our strategy be? The mission statement provides a broad perspective on the company's future direction and strategic focus. It highlights the intended trajectory, growth plans, and strategic initiatives that the company aims to pursue.

A company's mission statement plays a vital role in defining its purpose, identity, and strategic direction. It answers questions about the company's identity, purpose, objectives, strategy, and future focus. By clearly articulating these elements, the mission statement serves as a guiding principle for the company and aligns stakeholders around a common understanding of its core values and aspirations.

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A country that introduces a currency board commits itself to converting its domestic currency on demand into another currency at a ________ rate.

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A country that introduces a currency board commits itself to converting its domestic currency on demand into another currency at a fixed rate.

A currency board is a monetary authority that issues a nation's currency. The main function of the currency board is to maintain a fixed exchange rate between the country's currency and another country's currency. The currency board system helps to lower inflation by forcing strict monetary discipline on a country's government. The country must maintain a fixed exchange rate by backing all its domestic currency with foreign reserves. It must also maintain a balanced budget, as any deficit must be covered by selling foreign reserves. Therefore, the statement "A country that introduces a currency board commits itself to converting its domestic currency on demand into another currency at a fixed rate." is correct. This ensures that the country maintains the fixed exchange rate and also avoids fluctuations in exchange rates.

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