operational crm applications include tools for all of the following except: group of answer choices calculating cltv. sales force automation. call center support. customer service support. marketing automation.

Answers

Answer 1

Operational CRM applications include tools for all of the following except calculating CLTV.

What is Operational CRM?

Operational CRM is a type of CRM that focuses on automating and improving customer-facing business procedures. As a result, companies may efficiently organize, automate, and synchronize the entire sales process, including marketing, sales, and customer service, by utilizing CRM software.

In addition, an operational CRM system includes the following features:

Sales force automation (SFA): This feature streamlines sales activities such as lead management, forecasting, pipeline management, territory management, and sales tracking.Customer service and support: This feature enables companies to manage customer service requests, monitor client interaction history, and provide support via various channels, including email, phone, social media, chat, and text messaging.

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Related Questions

in the event that a parent dies or becomes disabled, which rider allows surviving child coverage to continue until the child reaches a specified age? substitute insured rider surviving income rider waiver of premium rider payor rider

Answers

The rider that allows surviving child coverage to continue until the child reaches a specified age in the event that a parent dies or becomes disabled is the substitute insured rider.

This rider essentially replaces the insured parent with another individual who will continue to pay premiums and provide coverage for the child. The substitute insured can be a family member or a trusted individual chosen by the insured parent.

The surviving income rider is a different type of rider that provides the child with a monthly income in the event of the insured parent’s death or disability. The waiver of premium rider waives the premium payments for the policy in the event of the insured parent’s disability. The payor rider is a rider that provides coverage for the child in the event that the insured parent or payor of the policy dies or becomes disabled.

It is important to carefully consider the different riders and coverage options available when choosing a life insurance policy to ensure that your loved ones are adequately protected in the event of an unforeseen tragedy.

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Describe an ethical dilemma related to an employees behavior at work or work discipline

Answers

Understanding ethical dilemmas

You may be faced with an ethical dilemma when something at work goes against your personal ethics, morals and values. This could be something that one of your colleagues or managers is doing, or something that you are doing yourself.

(RR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,000 at the end of year 1. 56,000 at the end of year 2. and $9,500 at the end of year 3 b. An initial outlay of $11.000 resulting in a free cash flow of 59.500 at the end of year 1. 56,000 at the end of year 2, and $3,000 at the end of year 3 c

Answers

The IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.

To calculate the IRR (internal rate of return) for these projects, we need to use the formula:

NPV = ∑(Cash Flow / (1 + r)^t) - Initial Outlay

Where NPV is the net present value, Cash Flow is the cash flow for each year, r is the discount rate or IRR, t is the year of the cash flow, and Initial Outlay is the initial investment.

For project A, the NPV would be:

NPV = -11,000 + $3,000/(1+r) + 56,000/(1+r)^2 + 9,500/(1+r)^3

To solve for r, we can use a financial calculator or spreadsheet program. The IRR for project A is approximately 17%.

For project B, the NPV would be:

NPV = -11,000 + 59,500/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3

Again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project B is approximately 20%.

For project C, the NPV would be:

NPV = -11,000 + 56,000/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3

Once again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project C is approximately 19%.

In summary, the IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.

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Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Answers

Answer:

The net present value (NPV) of the decision to grant credit is $2,938,157.89.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Calculate the NPV of the decision to grant credit.

The explanation of the answer is now given as follows:

Number of new orders = 125 units

Percentage of repeat order = 30%

Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units

Credit price per unit = $11,100

Variable cost per unit = $9,700

Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400

Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000

Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500

Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89

Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89

Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.

EA19. 5.5 Prepare the journal entry to record the sale of 2,000 units that cost $8 per unit and sold for $15per unit.

Answers

Answer:

hyrufyigkjbhvtdu

Explanation:

fxhdrye75rgikjbhvtdu5ertyhinjbhvcutdbcgjtdlu5et

simon, the owner of a business, invests $10,000 in his new business, simon's sports. how would this affect the equity of a business?.

Answers

Owners, capital increases because equity increases. (As the owner or owner (in the case of a partnership) increases the amount invested, the value of the shares increases.)

What is Equity?

Equity is the amount of capital invested or owned by the owner of the company. Equity is measured by the difference between liabilities and assets reported on the company's balance sheet. Stock values ​​are based on current stock prices or values ​​regulated by valuation professionals and investors.

What are the some examples of equity?

Equity can be calculated by subtracting liabilities from assets and can be applied to a single asset such as a company. B. Applies to real estate, or companies. For example, if someone owns a $400,000 house and owes $300,000 on a mortgage, that means the owner has $100,000 in assets.

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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Pete sold 150 shares of stock A at $10.98 per share through his broker. His broker charges $28 per trade. How much money did Pete receive from the sale after the broker took his fee?

A. $1,647

B. $1,619

C. $1,098

D. $1,070

Answers

Answer:

B. $1,619

Explanation:

150×10.98= 1647

1647-28=$1619

B. $1619

Because 10.98x150-29=1619

When will the new Stranger Things season come out?

Answers

Possibly somewhere in early 2021. According to netflix.

Answer:

Around March 2021

Explanation:

If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a:

Answers

Answer:

Surplus

Explanation:

Given:

Family planned to spend = $370

Amount spend = $348

Find:

Amount of surplus

Computation:

Amount of surplus = Family planned to spend - Amount spend

Amount of surplus = $370 - $348

Amount of surplus = $22

A surplus is the quantity of an item or resource that is greater than the amount that is actively used.

In 18th century, what was the main reason of slow down of Indian Foreign Trade

Answers

Answer:

Introduction to India’s Foreign Trade:

Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.

India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.

Explanation:

Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploita­tion. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’

To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.

The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.

In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.

Describe the difference between arbitration and mediation. What role does human resources play throughout these processes.
Describe the final offer arbitration. What are its advantages and disadvantages?

Answers

Arbitration and mediation are two alternative dispute resolution (ADR) processes used to resolve conflicts outside of traditional litigation. While both aim to facilitate resolution, there are key differences between them. Human resources (HR) plays an important role throughout these processes by providing support, guidance, and ensuring fair and impartial proceedings.

Arbitration involves a neutral third party, an arbitrator, who reviews evidence, listens to arguments, and makes a binding decision on the dispute. The arbitrator acts like a judge and has the authority to impose a resolution upon the parties involved. It is a formal process with rules and procedures similar to a court setting. HR may assist in selecting qualified arbitrators, preparing the case, and representing the organization's interests during the arbitration proceedings.

Mediation, on the other hand, involves a neutral third party, the mediator, who facilitates communication and negotiation between the disputing parties. The mediator does not have decision-making power but helps the parties reach a mutually acceptable resolution. Mediation is a less formal process and encourages open dialogue and cooperation. HR may play a role in initiating the mediation process, providing mediation training to employees, and supporting the parties throughout the mediation session.

In regards to final offer arbitration, it is a specific form of arbitration where the arbitrator must choose one party's final offer as the binding decision. The advantages of final offer arbitration include providing a clear deadline for resolution, incentivizing parties to make reasonable offers, and potentially reducing negotiation time. It can also be a cost-effective and efficient method. However, it can lead to extreme positions and increased contention between the parties, as each side focuses on advocating for their own final offer rather than seeking a mutually agreeable solution.

In summary, arbitration involves a binding decision made by an arbitrator, while mediation aims to facilitate a voluntary agreement with the help of a mediator. HR supports both processes by providing guidance and ensuring fairness. Final offer arbitration has advantages in terms of efficiency and cost-effectiveness, but it can also lead to polarized positions and hinder the exploration of more collaborative solutions.

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ethical violations can cause lasting detriment to a company's ability to do business through impacts on the company's reputation. a) true. b) false.

Answers

The statement is true because ethical violations, such as fraud or bribery, can damage a company's reputation and lead to loss of customers, investors, and even legal consequences.

Companies that are known for unethical practices often struggle to attract and retain employees, which can further impact their bottom line. Moreover, in today's interconnected world, news of unethical practices can spread quickly through social media and other digital channels, making it difficult for companies to recover from such damage.

Therefore, it is crucial for companies to prioritize ethical behavior and maintain a strong ethical culture to avoid long-term detrimental effects on their business.

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Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?

A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.

B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.

C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.

D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term​

Answers

Answer:

C

Explanation:

C la respuesta es la C ya que

At the taking of a direct free kick, the ball accidentally bounces off the referee and enters the goal. what decision should the referee make?

Answers

The Laws of the Game were changed by IFAB such that: A dropped ball is awarded if the ball touches the referee (or another match official) and goes into the goal, team possession changes, or a promising offensive begins.

In a number of sports and competitions, a referee is an official in charge of enforcing the game's regulations, including sportsmanship judgments like expulsion.

Depending on the sport, the official performing this duty may also be referred to as an umpire, judge, arbiter (for chess), commissaire, or technical official (by the International Olympic Committee). Umpires, linesmen, timekeepers, touch judges, and video review officials are all possible referee support personnel.

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A rookie quarterback is negotiating his first nfl contract. his opportunity cost is 10%. he has been offered three possible 4-year contracts. payments are guaranteed, and they would be made at the end of each year. terms of each contract are as follows:

Answers

Answer:

He should accept contract 2 because it has a higher present value.

 Explanation:

The numbers are missing, so I looked for a similar question:

year 1 2 3 4

Contract 1 $3,000,000 $3,000,000 $3,000,000 $3,000,000

Contract 2 $2,000,000 $3,000,000 $4,000,000 $5,000,000

Contract 3 $7,000,000 $1,000,000 $1,000,000 $1,000,000

As his advisor, which contract would you recommend that he accept?

we need to find the present value of each contract:

Contract 1 = $3,000,000/1.1 + $3,000,000/1.1² + $3,000,000/1.1³ + $3,000,000/1.1⁴  = $2,727,273 + $2,479,339 + $2,253,944 + $2,049,040 = $9,509,596

Contract 2 $2,000,000/1.1 + $3,000,000/1.1² $4,000,000/1.1³ + $5,000,000 /1.1⁴  = $1,818,182 + $2,479,339 + $3,005,259 + $3,415,067 = $10,717,847

Contract 3 $7,000,000/1.1 + $1,000,000/1.1² + $1,000,000/1.1³ + $1,000,000/1.1⁴  = $6,363,636 + $826,446 + $751,315 + $683,013 = $8,624,410

What is the awser for all the questions on everfi [Furture smart] all lessons

What is the awser for all the questions on everfi [Furture smart] all lessons

Answers

Answer:

answer is A

Explanation:

It's Debit Card from what I know

Answer:

A

Explanation:


Federally-funded grants require the student to...

earn above average grades.

have a membership in a high school club.

perform volunteer work for a local community
agency.

have financial need only.

Answers

Answer:

Explanation:

have financial need only

Federally-funded grants typically require students to have financial need only, as they are designed to provide financial assistance to students who may not have the means to pay for their education. Therefore, option D is correct.

Federally-funded grants are financial assistance programs provided by the government to support students in pursuing their education. These grants are typically awarded based on financial need, considering factors such as income, family size, and assets.

They aim to ensure that students from low-income backgrounds have access to higher education opportunities. Unlike loans, grants do not need to be repaid, making them an attractive form of aid.

Federal grants include programs like the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG), among others.

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In 2010, Roso Carlson Company had net credit sales of $750,000. On January 1, 2010, Allowance for Doubtful Accounts had a credit balance of $18,000. During 2010, $30,000 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2010? a. $10,050. B. $10,500. C. $22,500. D. $40,500

Answers

$10,050 should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2010. The correct option is A.

The adjusted balance of Allowance for Doubtful Accounts can be calculated using the following steps:

Calculate the amount of uncollectible accounts based on past experience: 3% x $750,000 = $22,500

Add the amount of the existing credit balance in the Allowance for Doubtful Accounts account: $18,000

Subtract the amount of accounts written off during the year: $30,000

The adjusted balance of Allowance for Doubtful Accounts at December 31, 2010 would be:

$22,500 + $18,000 - $30,000 = $10,500

The correct option is A.

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Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?

Answers

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.

Explain the main Features of AS-20 ?​

Answers

Answer:

As per AS 20, when bonus shares are issued during the year, it should be calculated in the weighted average from the beginning of reporting period irrespective of the issue date. Therefore, the bonus issue is treated as if it had occurred prior to the beginning of the year 2010, the earliest period reported

Explanation:

hope this helps

Suppose the Canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. Excise taxes are also called sales or commodity taxes. Previously, there was no excise tax on automobile tires. As a result of the excise tax, producers of tires, such as Bridgestone and Michelin, are going to alter their tire prices.
Shift the appropriate curve or curves on the graph to demonstrate the new equilibrium.

Answers

The supply curve will move to the left as a result of the excise tax increasing the price of to tire producers. Consumers will pay more for the new product as a result, and fewer tires will be made and sold overall.

Excise tax is subject to GST.

The Excise Tax Act refers to sales as a supply, in other words. Any purchaser of a "taxable supply" in Canada is required by subsection 165(1) of Excise Tax Act to pay GST/HST on the purchase price of the supply.

At point A, where supply (S) and demand curve (D) connect at a price pf $100 and a volume of 10 million tires, the initial equilibrium is found. According to the graph, the production curve will move $20 to the left, to S', with an income duty of $20 per tire. Point B represents the new equilibrium, where the premium cost ($120) causes the quantity supplied to drop to 8 million tires, which really is equal to the diminished quantity supplied as a result of the tax. The rectangle produced by the tax per item ($20) and the lowered quantity will have an area equal to the amount of tax income that the government will receive (8 million tires).

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PLS HELP ME :(

What causes the national debt to increase?
A. The federal government borrowing money from other countries
B. The value of goods imported into the country greatly increasing
C. The Federal Reserve setting a higher discount rate for banks
D. The national unemployment rate rising for consecutive quarters

Answers

Answer:

im pretty sure it would be A

Explanation:

the answer is A
hope that helps

A firm that specializes in desktop publishing for local charities has agreed to take on the following jobs. The firm has not decided which dispatching rule to apply in order to prioritize the jobs and fix them into the schedule. Please use the dispatching rules suggested in the following box and complete all the calculation needed in order to provide the performance measures asked in the box. Today's date is 5. Please keep two decimal points. Job 1 Job 2 Job 3 Job 4 Job 5 Process Due Time Date 20 30 15 25 7 21 25 80 3158 Dispatching Rule EDD Average Average Number of Job Sequence Flow Time Average Lateness Jobs SPT

Answers

EDD (Earliest Due Date) dispatching rule is most effective for scheduling in such cases. It prioritizes jobs according to the due date, with the earliest due date being assigned the highest priority.

The flow time is calculated using the SPT (Shortest Processing Time) dispatching rule. Using these dispatching rules, the performance measures can be calculated for the given jobs.A firm that specializes in desktop publishing for local charities has agreed to take on the following jobs.

The firm has not decided which dispatching rule to apply in order to prioritize the jobs and fix them into the schedule. The dispatching rules suggested in the following box and complete all the calculation needed in order to provide the performance measures asked in the box are:

Process Job 1 Job 2 Job 3 Job 4 Job 5

Due Time 20 30 15 25 7Date 21 25 80 31 58

Dispatching Rule

EDD Average

AverageNumber of Job Sequence 5 2 3 4 1

Flow Time 7 17 65 52 12 Average Lateness 1 13 50 26 5By applying EDD dispatching rule, the jobs have been prioritized based on their due date with job 5 as the top priority, followed by jobs 3, 1, 4, and 2. The flow time for each job has been calculated using the SPT dispatching rule.

The average flow time is calculated by adding the flow time for all jobs and dividing it by the total number of jobs. Average lateness can be calculated by subtracting the due date from the completion date and adding up all the lateness. Divide this total by the total number of jobs to get the average lateness.

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In which type of economy is a business owner most likely to benefit from free enterprise?

Answers

probably would be a democratic system

hope this helps

Answer:

Sole proprietorship

Explanation:

I’m not 100% sure but it’s a sole individual business

In which of the years was libertyville most likely experiencing a trough in its business cycle?

Answers

In the year 2016, Libertyville most likely experienced a trough in its business cycle.

What do you mean by trough?

The level of the economy's enterprise cycle that marks the cessation of a duration of declining enterprise pastime and the transition to expansion is known as a trough.

The enterprise cycle is the upward and downward motion of gross home product and includes recessions and expansions that lead to peaks and troughs.

Thus, In the year 2016, Libertyville most likely experienced a trough in its business cycle.

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Prepaid insurance $ 2,300; Inventory $ 1,800; Cash $ 2,500; Equipment $ 6,700; Accounts receivable $ 1,500; Trademarks $ 5,600; Debt investments (long-term) $ 3,300; Accumulated depreciation—Equipment $1,600

Answers

Answer:

The correct answer to the following question will be "$22100".

Explanation:

The given values are:

Prepaid insurance

= $2,300

Inventory

= $1,800

Cash

= $2,500

Equipment

= $6,700

Accounts receivable

= $1,500

Trademarks

= $5,600

Debt investments

= $3,300

Accumulated Depreciation

= $1,600

Now,

Total assets = Prepaid Insurance + Inventory + Cash + Equipment + Accounts receivable + Trademarks + Debt investments - Accumulated Depreciation

On putting the estimated values, we get

⇒                       = \(2300 + 1800 + 2500 + 6700 + 1500 + 5600 + 3300 - 1600\)

⇒                       = \(23700 - 1600\)

⇒                       = \(22100\)

Performance Assessment Task
Jrotc

This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.

Answers

The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.

The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.

Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.

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Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.

Answers

According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.

Consumers do not always buy good at a lower price than at a higher price.

What is the law of demand?

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.

Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.

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True or False: The statement below reflects an absolute definition of poverty. "A household of a certain size that makes less than $20,000 per year is labeled as living in poverty."

Answers

The statement reflects an absolute definition of poverty, where a specific income threshold ($20,000 per year) is used to categorize households as living in poverty. Therefore, the statement is true.

An absolute definition of poverty sets a fixed income threshold below which individuals or households are considered to be in poverty. In the given statement, a household of a certain size that makes less than $20,000 per year is labeled as living in poverty. This definition does not take into account the relative economic conditions or the distribution of income in society.

In contrast, a relative definition of poverty considers the income or resources of individuals or households in relation to the average or median income of the overall population. Relative poverty measures aim to capture the disparities and inequalities within a society.

Since the statement provides a specific income threshold without any reference to relative measures or broader economic context, it reflects an absolute definition of poverty.

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when this na,on produces 20 teddy bears, it can produce at most _____ lollipops. label this point a

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According to the given data, On the point A, When this nation produces 20 teddy bears, it can produce at most 800 lollipops.

What do you mean by curve in economics?

In economics, a demand curve is a graphic representation of the relationship between a product's price and the amount that is wanted.

The graph is built with amount demanded on the horizontal axis and price on the vertical axis.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve.

Therefore, according to the given data, On the point A, When this nation produces 20 teddy bears, it can produce at most 800 lollipops.

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when this na,on produces 20 teddy bears, it can produce at most _____ lollipops. label this point a
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