The information below sets out the estimated market shares for the cellular phone manufacturing market. If Samsung were to acquire Sanyo, the four-firm concentration ratio would be Firm Market Share Nokia 26% Fujitsu 8% Kyocera 3% LG 6% Motorola 21% Samsung 6% Sanyo 4% Siemens 7% Sony Ericsson 11% Plus 8 more firms with 1% each 73 O OO 68 70 65
Answers
The four-firm concentration ratio (CR4) is a measure of market concentration that is calculated by adding the market shares of the four largest firms in an industry. In the case of the cellular phone manufacturing market, the CR4 would be:
Code snippet
CR4 = 26% + 8% + 3% + 6% = 43%
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If Samsung were to acquire Sanyo, the market share of the four largest firms would be:
Code snippet
CR4 = 26% + 8% + 3% + 6% + 4% = 47%
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Therefore, the four-firm concentration ratio would increase from 43% to 47% if Samsung were to acquire Sanyo.
The CR4 is a commonly used measure of market concentration, and it is often used to assess the level of competition in an industry. A high CR4 indicates that a small number of firms control a large share of the market, which can lead to less competition and higher prices for consumers.
In the case of the cellular phone manufacturing market, the CR4 is already relatively high at 43%. If Samsung were to acquire Sanyo, the CR4 would increase to 47%, which would indicate a further decrease in competition in the market. This could lead to higher prices for consumers and less choice in the market.
the market is distributed across a large number of small-scale players, with the top four companies accounting for only 38% of the total market.
If Samsung were to acquire Sanyo, the four-firm concentration ratio would be 38% (Motorola + Samsung + Nokia + Sony Ericsson) which is less than 40%. Also, it wouldn't affect the market share of any other companies. Therefore, the acquisition would not change the competitive structure of the market, which would remain moderately competitive, with many firms competing against each other. The cell phone manufacturing market seems to have a significant degree of competition. The four-firm concentration ratio, which is a measure of market concentration, indicates that there are numerous companies in the market with comparable market shares. The CR4 for the market is approximately 38 percent. Additionally, the market is distributed across a large number of small-scale players, with the top four companies accounting for only 38% of the total market.
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Related Questions
A friend tells you that travelling in the UK is much more expensive now than it used to be. He says "3 years ago, one British pound bought 1.3 US dollars, but now one British pound buys 1.4 US dollars." Is this friend right or wrong? In your answer, assume that total inflation over this period was 4% in the UK and 1% in the US. Provide brief reasoning.
Answers
Your friend is wrong about traveling in the UK being much more expensive now than it used to be, based on the information provided. Here's a step-by-step explanation:
1. Three years ago, one British pound (GBP) bought 1.3 US dollars (USD).
2. Now, one British pound buys 1.4 US dollars.
3. Inflation over this period was 4% in the UK and 1% in the US.
To compare the cost of traveling in the UK, we should consider the purchasing power of the currencies after accounting for inflation.
1. UK inflation: (1 + 0.04)^3 = 1.124864 (4% compounded over 3 years)
2. US inflation: (1 + 0.01)^3 = 1.030301 (1% compounded over 3 years)
3. Adjusted exchange rate 3 years ago: 1.3 USD/GBP * (1.030301 / 1.124864) ≈ 1.193 USD/GBP
Comparing the adjusted exchange rate of 1.193 USD/GBP three years ago to the current rate of 1.4 USD/GBP, we can see that one British pound actually buys more US dollars now than it did three years ago. This means that traveling in the UK has not become more expensive in terms of US dollars.
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How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?
Answers
Answer:
Kindly check explanation
Explanation:
The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
What happens to the equilibrium price and equilibrium quantity when demand and supply decrease simultaneously, but the relative size of the shifts are not known?.
Answers
Then the equilibrium price will be lower than it was before the curves shifted. A growth in demand, all other matters unchanged, will purpose the equilibrium charge to upward thrust; amount provided will growth.
A decrease in call for will motive the equilibrium fee to fall; quantity supplied will decrease.
Demand is the amount of an excellent that consumers are willing and capable of purchase at diverse charges throughout a given time. the connection between charge and quantity call for is also called the call for curve. call for is the amount of customers who are inclined and able to buy products at diverse prices at some point of a given period of time. call for for any commodity implies the consumers' desire to collect the good, the willingness and capability to pay for it.as an example, if a customer is hungry and buys a slice of pizza, the first slice will have the finest advantage or utility. With every extra slice, the client will become greater satisfied, and software declines. In principle, the primary slice might fetch a better rate from the client.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being produced, aggregate output falls below the long-run equilibrium output level. What type of fiscal policy might be most effective in correcting this problem
Answers
The type of fiscal policy which might be most effective in correcting this problem is:
C) Increasing government spending in order to increase aggregate demand.According to the given question, we are asked to state the type of fiscal policy which might be most effective in correcting this problem of the village which loses its aggregate output.
As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.
Therefore, the correct answer is option C
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The ________ of an asset or liability is its cost carried on the balance sheet.
Answers
The book value of an asset or liability is its cost carried on the balance sheet.
The book value of a company is the net distinction between that company's total resources and total liabilities, where book value mirrors the total value of a company's resources that investors of that company would get assuming the company were to be sold.
A resource's book value is identical to its conveying value on the balance sheet.
Book value is much of the time lower than a company's or alternately resource's fairly estimated worth.
Book value per share (BVPS) and the price-to-book (P/B) proportion are used in essential examination.
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According to the bcg growth-market share matrix, ___ are strategic business units with products that have low market shares in a fast-growth market.
Answers
According to the BCG Growth-Share Matrix, strategic business units (SBUs) with low market shares in fast-growth markets are referred to as "Question Marks" or "Problem Children."
These SBUs have products that operate in markets experiencing rapid growth but have not yet gained a significant market share themselves.
Question Marks are characterized by high market growth rates but relatively low market shares. They require careful consideration and strategic decision-making as their future prospects are uncertain. These SBUs typically require significant investments to capture market share and compete effectively. The outcome for Question Marks can vary: they may either become stars by gaining market share and becoming leaders in their industry or become dogs if they fail to gain traction and generate profitability.
Managers must analyze and evaluate Question Marks to determine whether to invest and support their growth, allocate resources to other SBUs, or consider divestment. Proper strategic decisions are essential to maximize the potential of these SBUs and ensure long-term business success.
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If an american-based firm opens and operates a new clothing factory in honduras, then it is engaging in:.
Answers
Elkhorn company purchased merchandise on account from springhill company for $42,000, terms 2/10, n/30. elkhorn returned merchandise with an invoice amount of $8,000 and received full credit.a. if elkhorn company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. what account is debited by elkhorn company to record the return?
Answers
Elkhorn company purchased merchandise on account from Springhill company for $42,000. $33,320 is the amount of cash required for the payment. Accounts receivable is debited to record return.
The first step is to use this formula to calculate the net purchases.
Purchase returns minus net purchases equals net purchases.
Let us enter the formula.
Purchases net = $42,000-$8,000
$34,000 in net purchases
Let us now use this formula to calculate the cash payment.
Net purchases minus purchase discounts = cash payment
Let us enter the formula.
Cash payment = $34,000 - (3% of $34,000)
Cash payment = $34,000 minus $680
The cash payment is $33,320.
If Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, the terms would be 2/10, n/30. Elkhorn received full credit for returned merchandise totaling $8,000 in invoice. a. If Elkhorn Company pays the invoice within the discount period, the cash required for payment is: $33,320.
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1
The use of a wholesale warehouse in the chain of distribution [Q
Aenables direct selling from manufacturer to retailer.
B.enables production to be ahead of demand.
C. reduces the chain of distribution.
Direduces the cost of goods to consumers.
Answers
Answer:
B.enables production to be ahead of demand.
Explanation:
One of the benefits of a wholesale warehouse in the chain of distribution is that it enables production to be ahead of demand.
A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.
The use of a warehouse offers several advantages to producers. These include:
adequate protection and preservation of productsregular flow of goods irrespective of their period of productioncontinuity in the production process in order to stay ahead of market demandeasy handling of productsetc.Hence, the correct option is B.
An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.
Answers
The average number will continue to decrease if the time required is shorter. Adopting technology also has some advantages and disadvantages.
To calculate the average number of accounts receivable checks being processed in the manager's office, we need to multiply the number of checks processed per day by the average process time, here's the steps:
200 checks/day x 15 days = 3,000 checks
If the processing time is reduced to 10 days, the average number of accounts receivable checks being processed in the manager's office would be:
200 checks/day x 10 days = 2,000 checks
And if the processing time is further reduced to 5 days, the average number of accounts receivable checks being processed in the manager's office would be:
200 checks/day x 5 days = 1,000 checks
The advantages of adopting information technology to reduce processing time are:
1. Increased efficiency: Information technology can automate many of the manual processes involved in accounts receivable management, reducing the time and effort required to process checks.
2. Improved accuracy: By automating processes, information technology can reduce the risk of errors and improve the accuracy of accounts receivable records.
3. Faster payment processing: With faster processing times, accounts receivable managers can process payments more quickly, reducing the time it takes to receive payments from customers.
The disadvantages to adopting information technology:
1. Cost: Implementing information technology can be expensive, especially for small businesses that may not have the resources to invest in new technology.
2. Training: Employees may need to be trained on how to use the new technology, which can take time and resources.
3. Security risks: Information technology can be vulnerable to security breaches, which can compromise sensitive financial information.
Overall, the benefits of adopting information technology for accounts receivable management can outweigh the disadvantages, but it's important to carefully consider the costs and risks involved before making a decision.
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Does the United States have a crime "problem" compared to other advanced and industrialized nations? Why or why not?
Why are the definitions of crime and criminal behavior critically important to political entities? Explain.
Answers
Assessing whether the United States has a crime "problem" compared to other advanced and industrialized nations is a complex matter that requires careful analysis and consideration of various factors. It is essential to recognize that crime rates and their comparison can be influenced by numerous socio-economic, cultural, and demographic factors.
Here are some points to consider:
Crime Rates: When evaluating crime levels, it is crucial to examine various crime indicators, such as violent crime rates, property crime rates, or specific types of offenses. Comparative analysis should consider the specific types of crimes and the frequency at which they occur.
Data and Reporting: Comparing crime rates across nations can be challenging due to differences in reporting practices, data collection methodologies, and legal definitions. Variations in crime reporting and recording practices can affect the accuracy and comparability of crime statistics.
Socio-economic Factors: Crime rates are influenced by socio-economic factors such as poverty, income inequality, unemployment rates, educational attainment, and social welfare systems. These factors can vary among countries and have an impact on crime levels.
Cultural and Demographic Differences: Cultural and demographic factors, including population density, diversity, social norms, and attitudes towards crime, can also affect crime rates. These factors can differ significantly among nations, leading to variations in crime levels.
Regarding the definitions of crime and criminal behavior, they are critically important to political entities for several reasons:
Legal Framework: Definitions of crime form the foundation of a country's legal system. They define what actions are considered unlawful and provide guidelines for law enforcement, the judiciary, and the criminal justice system to identify, prosecute, and punish offenders.
Consistency and Fairness: Clear and precise definitions of crime ensure consistency and fairness in the application of laws. It helps prevent arbitrary or discriminatory enforcement and ensures equal treatment under the law.
Public Safety and Order: Defining criminal behavior helps protect public safety and maintain social order. By identifying and categorizing certain behaviors as crimes, governments can establish rules and regulations that help deter individuals from engaging in harmful actions and protect citizens from harm.
Resource Allocation: Accurate definitions of crime assist in resource allocation for law enforcement, judicial processes, and correctional systems. It enables governments to focus their efforts and resources on combating specific types of criminal behavior based on their severity and impact on society.
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You want to be able to withdraw $40,000 from your account each year for 30 years after you retire. You expect to retire in 25 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
Answers
You will need to deposit approximately $476,704 each year until retirement to achieve your retirement goals.
Explanation :
To calculate the amount you need to deposit each year until retirement to achieve your retirement goals, you can use the concept of annuities. Annuities are a series of equal payments made at regular intervals.
In this case, you want to withdraw $40,000 per year for 30 years after retiring, and you have 25 years until retirement. To calculate the amount you need to deposit each year, you can use the formula for the present value of an ordinary annuity:
PV = PMT * (1 - (1 + r)^(-n)) / r
Where PV is the present value (the amount you need to deposit each year), PMT is the annual withdrawal amount ($40,000), r is the interest rate (8% or 0.08), and n is the number of periods (30 years).
Plugging in the values into the formula:
PV = 40,000 * (1 - (1 + 0.08)^(-30)) / 0.08
PV = 40,000 * (1 - 0.0803) / 0.08
PV = 40,000 * 11.9176
PV = $476,704
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refer to the productivity numbers given for the us and canada in the previous 2 questions. assume that both countries specialize and trade. what is the minimum number of bushels that u.s. producers will be willing to accept in trade for a bushel of the product that it chooses to specialize in?
Answers
Each country has the chance to specialize in products where it has a competitive advantage over other countries thanks to trade. Minimum bushels to be traded is 10.
In turn, resource waste is reduced and the production process becomes more effective. As a result, nations are able to produce more than they otherwise might have done without trade. Hence, global output rises as a result of trade.
Because there is currently no global framework for decreasing emissions or promoting sustainability, further globalization is likely to increase greenhouse gas emissions, desertification, and a number of other issues that worsen the climate catastrophe.
Although there are lax laws in place, such as the Paris Accords and the Kyoto Conventions, they are insufficient to counteract unsustainable economic growth.
A person who is a citizen of another nation can obtain US citizenship through the legal process of naturalization after fulfilling the standards set forth by Congress.
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Correct question:
Assume the U.S. can produce 10 bushels of wheat or 20 bushels of corn, using all of its available resources. Canada can produce 15 bushels of wheat or 25 bushels of corn, using all of its available resources. Assume that both countries specialize and trade. What is the minimum number of bushels that u.s. producers will be willing to accept in trade for a bushel of the product that it chooses to specialize in?
In your budgeting process, when should you look at recurring expenses?
after considering entertainment expenses
after your wants but before your needs
before looking at your needs
before reviewing your wants
Answers
Answer:
before reviewing your wants
Explanation:
Once the needs are accounted for, it is time to check those recurring expenses that are not considered essential, like home deliveries, internet purchases, and so on, and this check needs to be made before rewiewing your wants, which is the least essential expense category, and thus, the one that can be forgone in case your budget is not enough for it.
What is the SNAP food program governed by the farm bill
stamps
magnet
O paperwork
card
Answers
Answer:
The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.
Explanation:
Name two books of prime entry that are also books of double entry?
Answers
Answer:
Cash payment journal
Petty cash payment journal
Explanation:
6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answers
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Grade
Age
Favorite food........
Answers
age 15
food pastaaaa
age: 15
favorite food: pasta
What activities are FBLA-PBL members most likely to participate in?
Answers
Answer:
FBLA-PBL members most likely to participate in business competitions and leadership conferences.
Answer:
leadership conferences
business competitions
Explanation:
To provide better access and possibly reduce the number of workers needed, work cells may be designed in the shape of what letter of the alphabet?
Answers
Work cells may be designed in the shape of the letter U to provide better access and possibly reduce the number of workers needed.
Work cells are designed to improve the efficiency of manufacturing processes by grouping together the necessary equipment and workers to produce a specific product or service. One way to optimize the use of space and personnel in work cells is to arrange the equipment and workstations in a U-shape.
This design allows workers to have better access to the equipment and materials they need to complete their tasks, as well as better communication with each other. Additionally, the U-shape can help reduce the number of workers needed by eliminating unnecessary movement and transportation of materials, ultimately improving productivity and reducing costs.
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tools - machinery - and infrastructure are classified under the resource category of
Answers
Tools, machinery, and infrastructure fall under the resource category in various industries and sectors. They are essential assets that enable the production, development, and maintenance of goods and services.
Tools, machinery, and infrastructure are vital resources that support economic activities across different sectors. In manufacturing, tools and machinery encompass a wide range of equipment, from hand tools to complex industrial machines, used in production processes. They play a crucial role in enhancing efficiency, precision, and output levels. Infrastructure refers to the physical structures and systems necessary for the functioning of a society, including transportation networks, power grids, communication systems, and buildings.
It provides the framework for economic activities by facilitating the movement of goods, services, and people. Well-developed infrastructure enables businesses to operate smoothly, connect with markets, and reach customers efficiently. Overall, tools, machinery, and infrastructure are key resources that contribute to economic growth, productivity, and development in various industries.
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1. Four electricians are discussing special requirements for health care facilities. Electrician A says that a nursing home is required to include an emergency system circuit. Electrician B says that GFCI outlets are required in the bathroom area of some critical-care patient rooms. Electrician C says that a nursing home is not required to include an emergency system circuit. Electrician D says that GFCI outlets are required in the bathroom area of the critical-care patient rooms. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician A is correct
C. Electrician D is correct
D. Electrician B is correct.
2. Four electricians are discussing wiring under raised floors in information technology equipment rooms. Electrician A says that wiring under the raised floor requires fire-resistant walls, floors, and ceilings between other occupancies. Electrician B says that wiring under the raised floor requires fire resistant halfway up the walls and floors between other occupancies. Electrician C says that the room must employ a disconnecting means that removes half of the power to all equipment in the room. Electrician D says that a disconnecting means isn't necessary for the room. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician C is correct.
C. Electrician D is correct.
D. Electrician A is correct.
3. Five electricians are discussing grounding. Electrician A says that 6" of an 8' rod or pipe electrode is allowed to extend above the finished grade. Electrician B says that a "made" grounding electrode constructed from copper rod that’s 5/8" in diameter and 100" long is acceptable per the NEC. Electrician C says that 6" of a 16' rod or pipe electrode is allowed to extend above the finished grade. Electrician D says that a "made" grounding electrode constructed from copper rod that's 5/8" in diameter and 50" long is acceptable per the NEC. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician B is correct.
C. Electrician D is correct.
D. Electrician A is correct.
4. Where resistance to ground of a single-made electrode exceeds 25 ohms,
A. additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. the electrode can be omitted.
C. no additional electrodes are required.
D. one additional electrode must be added.
5. According to the NEC, what type of threadless connectors and couplings must be used with rigid metal conduit if installed in masonry?
A. Rain tight.
B. Concrete tight.
С. Weatherproof.
D. Wet/damp listed.
6. Four electricians are discussing NEC requirements for common appliances.
Electrician A says that new, cord-and-plug, single-phase room A/C units must have factory-installed LCDI or AFCI protection. Electrician B says that the cord for a household refrigerator must be visible and readily accessible to be used as a disconnect switch. Electrician C says that the cord and plug don't have to be new. Electrician D says that an old cord with a spliced new plug can be used. Which of the following statements is correct?
A. Electrician A is correct.
B. Electrician B is correct.
С.Electrician C is correct.
D.Electrician D is correct.
7. Four electricians are discussing switchboards and panelboards. Electrician A says that switchboards and panelboards must provide front and rear access to meet accessibility requirements. Electrician B says that unused circuit breakers mounted in a panelboard should not be identified on the circuit directory until they're actually connected for a circuit application. Electrician C says that switchboards can be installed in cabinets. Electrician D says that switchboards aren't intended to be installed in cabinets. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician D is correct.
C. Electrician A is correct.
D. Electrician B is correct.
8. Four electricians are discussing the installation of a luminaire in a clothes closet.
Electrician A says that because the clothes-hanging rod is located five inches from the ceiling, the light fixture that's to be mounted directly over the rod must be recessed.
Electrician B says that a surface-mounted incandescent fixture must be placed at least six inches from the storage area. Electrician C says that a surface-mounted incandescent fixture must be placed at least 12 inches away from the storage space. Electrician D says that a surface-mounted incandescent fixture must be placed at least nine inches away from the storage space. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician A is correct.
С. Electrician C is correct.
D. Electrician D is correct.
Answers
The correct options are
B. Electrician A is correct.
D. Electrician A is correct.
B. Electrician B is correct.
A. Additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. Concrete tight.
A. Electrician A is correct.
C. Electrician A is correct.
A. Electrician A is correct.
What are electricians?Generally, An electrician is a skilled laborer who specializes in the electrical wiring of structures, transmission lines, stationary machinery, and other apparatus that is connected to the field.
Installing new electrical components, repairing and maintaining existing electrical infrastructure, and maintaining and repairing existing electrical infrastructure are all possible jobs for electricians.
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Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:
Answers
Why are food trucks' costs typically lower than those of a traditional brick-and-mortar
restaurant?
Answers
Answer:
Being mobile, food trucks can simply drive to a more profitable site if a location is not cutting it. Food trucks don't bear the larger overhead of brick-and-mortar restaurants. The costs of wide-ranging staff, utilities and property taxes of typical brick-and-mortar restaurants can really stack up.
one of the most cost-effective ways to ensure optimal ongoing energy performance is to ? question 14 options: a) commission building systems b) maintain trees and landscaping c) upgrade mechanical systems d) install renewable energy systems
Answers
Set up the building's systems. The HVAC system for the tenant area is being chosen by a project team. Which major aspects must to be taken into account to lessen the system's influence on the environment.
How can our energy efficiency be increased?Making energy-efficient and weatherization improvements at home, like adding insulation, switching to LED lighting, and installing a heat pump, can help you save money on energy bills while also enhancing comfort.
What are a few illustrations of energy effectiveness?Utilizing less energy to provide an energy service is referred to as energy efficiency. LED light bulbs, for instance, use between 75 and 80 percent less electricity to produce the same amount of light as incandescent bulbs.
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If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations.
Answers
If economic globalisation is inevitable, it should primarily serve humanity rather than the interests of trans-national corporations. [AGREE].
Of course, in economic interests, humanity is a priority focus, where equity is important to maintain overall economic stability.
ABOUT ECONOMIC GLOBALIZATIONEconomic Globalization is the increasing integration of the economy and the interdependence of national, regional and local economies around the world through the intensification of the movement of goods, services, technology and capital across borders.
If globalization is a series of processes involving various nets of economic, political, and cultural exchanges, contemporary economic globalization is driven by the rapid growth of information in all types of activities production and marketing and developments of science and technology.
Economic globalization consists of globalization of production and finance, markets and technology, organizational regimes and institutions, companies and workforce. Although economic globalization has expanded since the emergence of trade between countries, its growth has increased dramatically in the last 20–30 years thanks to the framework of the General Tariff and Trade Agreement and the World Trade Organization. All countries are slowly removing barriers to trade and opening current accounts and capital accounts.
The modern economic boom is caused by the integration of developed countries with developing countries through foreign direct investment, reduction of trade barriers, and cross-border immigration.
When globalization radically raises income and economic growth in developing countries and lowers prices of goods in developed countries, globalization also changes the balance of power between developed and developing countries and has an impact on the culture of countries involved in globalization. Changes in the location of production of goods cause many jobs to move to other countries so that workers in developed countries are forced to change careers.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Ivywood Country Club recently hired Spencer to find additional resources, make major decisions involving membership, and develop ideas for new swag to be sold in the pro shop. What unique skill did the club MOST likely need when they hired Spencer?
capital capacity
labor talent
entrepreneurial ability
Answers
Answer:
entrepreneurial ability
Explanation:
Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork, risk management, and a sense of responsibility.
Spencer must have Entrepreneurial abilities; that's why the club hired him. The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.
Match the currency with its level of importance as a vehicle currency. Dollar-- Euro--Yen--Pound--.
Answers
The ranking of the currency's importance as a vehicle currency is as follows: Dollar, Euro, Yen, Pound.
The U.S. Dollar (USD) holds the highest level of importance as a global vehicle currency. It is widely accepted and used for international trade and transactions. The Euro (EUR) is the second most important vehicle currency. It is the currency used by many European Union member countries and plays a significant role in regional trade and integration. The Eurozone's economic influence and the euro's wide acceptance in European market contribute to its importance as a vehicle currency.
The Japanese Yen (JPY) ranks third in terms of importance as a vehicle currency. Japan is a major global exporter, and the yen is widely used in international trade, particularly in the Asian region. The stability and liquidity of the yen make it an important currency for conducting cross-border transactions. The British Pound (GBP) holds the fourth position in the ranking.
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