According to ""scientific view of risk"" most risks are relative. What does this mean?.

Answers

Answer 1

Most risks are relative, indicating that any conveyed risk should be weighed with other risks or lost advantages that can result from attempts to decrease the given risk. In some circumstances, immediate risks such as hunger outweigh long-term risks such as carcinogens in meals.

For instance, people living in a subsistence society could hardly conceive of throwing away applesauce, as lots of Americans did during the Alar scare of 1989. To some, the actual threat of starving tomorrow offsets the risk of acquiring cancer 40 years later. In other circumstances, the steps taken to lessen a given risk may, in fact, pose a greater threat than the problem being handled. For instance, in the early 1990s, New York City shut its schools and disbursed $100 million to remove asbestos that many risk experts argued was more noncontroversial to leave in place. Further, children were out of school and playing on the roads, where the risk of harm and dying was far more than any posed by asbestos. Some risk assessors refer to such misguided endeavors to lower risk as “statistical killing.” Thus, according to "the scientific view of risk," most risks are relative.

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Related Questions

Estimated energy requirements take ______ into account when determining an individual's energy needs.

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Estimated energy requirements take physical activity age and gender weight into account when determining an individual's energy needs.

This is further explained below.

What is energy?

Generally,  In the study of physics, the term "energy" refers to the quantifiable characteristic that may be transferred to a physical system or to a physical body.

Energy may be identified in the form of work that is completed, in addition to the forms of heat and light that it manifests itself as.

According to the principle of the conservation of energy, the only way that the state of energy can be changed is by undergoing a transformation in its form; energy cannot be created nor destroyed.

The amount of energy in a system is always the same.

In conclusion, When trying to determine how much energy a person needs, it is important to take into account a number of criteria, including their age, gender, and weight in addition to their degree of physical activity.

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A(n) ____________analog signal is one in which the signal intensity maintains a constant level for some period of time and then changes to another constant level.

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False. A digital signal is one in which the signal intensity maintains a constant level for some period of time and then abruptly changes to another constant level.

Digital signal

A digital signal is one that can only ever take on one of a small number of discrete values at any given time. It presents the data as a sequence of discrete values. Unlike an analog signal, which represents continuous values, a real number within a continuous range of values is what an analog signal represents at any one time.

Information is represented by straightforward digital signals as distinct bands of analog levels. A band of values has levels that all represent the same information state. A binary signal, also known as a logic signal, can have two possible valid values in the majority of digital circuits.

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A dynamic in which states compete to attract business by lowering taxes and regulations is called a:________

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A dynamic in which states compete to attract business by lowering taxes and regulations is called a race to the bottom.

What is lowering taxes?

Reduced income tax rates increase consumer spending power and thus increase total demand, which can increase economic growth and possibly inflation. Reduced income taxes may increase labour supply-side incentives, which would increase productivity.

Tax rate reductions help the economy expand because they improve the benefits of saving, earning, and investing after taxes. Through the effects of substitution, these increased after-tax returns encourage additional work effort, saving, and investment.

Thus, it is race to the bottom.

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Consumer sovereignty and dollar votes guide the market system in dealing with which fundamental economic question?.

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Consumer sovereignty and dollar votes guide the market system in dealing with What will be produced? fundamental economic question.

What is market system?

A market system is a group of buyers, sellers, and other participants who get together to conduct business in a certain good or service. Direct market participants who drive economic activity in the market, such as producers, purchasers, and consumers, are among the participants in a market system.

therefore,

Consumer sovereignty and dollar votes guide the market system in dealing with What will be produced? fundamental economic question.

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Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is:________

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Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is who places the bet.

What is Conflict theorists?

Perspectives in sociology and social psychology known as conflict theories place an emphasis on a materialist reading of history, a dialectical method of analysis, a critical attitude toward current social structures, and a political program of revolution or, at the very least, reform.

Therefore,

Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is who places the bet.

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With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as?

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Uncontrollable aspects in the context of the environment in which a firm operates include things like competition, political and legal pressures, and the state of the economy.

What aspect of the marketing environment is under your control?

The controllable variables can be altered over time as well as typically in the short term to adjust to changing market conditions, consumer preferences, or business goals.Among the variables that can be managed are the products, prices, promotions, distribution, and research initiatives.

The macro environment is what?

the primary outside variables (economic, demographic, technological, natural, social and cultural, legal, and political) that are beyond a firm's control and affect its performance and decision-making.

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When software is purchased, a _____ is being bought that gives the purchaser the right to use the software under certain terms and conditions.

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The correct answer is Software License.

A software license is a legal contract that stipulates rules for the distribution and usage of software.

What does the term "software license" mean?

A software license is a piece of written legal documentation that controls how software is used or distributed. In most cases, software licenses grant end users the freedom to make one or more copies of the software without infringing on copyrights.

Are software licenses beneficial?

Depending on how it is installed or accessible, how it is licensed, how it is used, and any other parts or services it includes, software may be both a good and a service.

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One of the most important ways for a firm to create and maintain ethical behavior in the workplace is for management to?

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One of the most important ways for a firm to create and maintain ethical behavior in the workplace is for management to. The foundation of duty-based ethics is the notion that every business has obligations to others.

What is Ethical Behavior?
The application of moral principles in a particular situation is seen as an ethical activity. It is behaving morally within the bounds set out by the society in which we live. Both interpersonal and professional connections at work can exhibit ethical behaviour. Corporations as legal entities can also use the idea. It assesses how decisions are morally significant in each of the aforementioned scenarios. A civilization must have ethical behaviour in order to run well. People who act unethically typically lose the trust of others, and the law should punish them for their unethical behaviour.

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Producing or associated with the generation of pus is:_________
a. inflammation
b. suppurative
c. edematous
d. erythroplakia
e. leukoplakia

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Suppurative refers to the production or presence of pus.

When the substance that caused the inflammation is challenging to get rid of, a procedure known as suppuration known as pus creation takes place. Pus is a viscous liquid made up mostly of bacteria, dead and dying neutrophils, cellular waste, and fluid that is oozing from blood vessels. White blood cells undergo phagocytosis, which results in the formation of material near the infection site that contains pathogens, old leukocytes, and other detritus. Pus production is referred to be purulent or suppurative. Others use the terms purulent and suppurative in a more precise manner, referring to the pus that is growing in the afflicted region as purulent and the pus that is seeping from the site of an injury or infection as suppurative.

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The theory that investors must be compensated for the higher price risk and lower liquidity inherent in longer-term securities is called the:_________

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The phrase "risk premium" refers to the idea that investors need to be rewarded for the higher price risk and decreased liquidity present in longer-term assets.

A risk premium is the excess of an asset's expected investment return over its risk-free rate of return. Investors receive compensation in the form of a risk premium for an asset. It serves as compensation for investors who accept more risk in a particular investment than they would in a risk-free asset.

For instance, there is often low default risk associated with high-quality bonds issued by reputable businesses that generate significant profits. So, compared to bonds issued by less well-known businesses with a larger risk of default and uncertain profitability, these bonds pay a lower interest rate. Investors are compensated for their increased risk tolerance by the higher lending rates that these smaller businesses must charge.

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A(n) __________ refers to anything that occurs as a part of an organization's daily business for which a record must be kept.

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A transaction refers to anything that occurs as a part of an organization's daily business for which a record must be kept.

Such transactions might take several forms, including monetary sales and credit to clients. Receipt of cash from a customer through invoice. Purchase of both fixed and moveable assets.

What are the various kinds of transactions?

A business's financial transactions fall into four categories.

Sales, purchases, receipts, and payments are the four sorts of financial transactions that have an influence on the firm.

It is important to keep records of transactions to prevent disputes relating to same and to ensure that the business process is properly adhered to.

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A small company making hole punchers has decided to use a differentiated marketing strategy and target four different market segments. what problems might the company encounter?

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By using a differentiated marketing strategy, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

What is differentiation in marketing?

This differentiation strategy is what makes a firm's product or service stand out to their target audience. It involves how a firm distinguish what they sell from what their competitors do.

The differentiation strategy helps to increases brand loyalty, sales, and growth. That is, focusing on the customers is a good start to successful product differentiation. However, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

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The creation of new products and production methods that completely destroys the market positions of firms that are wedded to existing products and older ways of doing business is called _____.

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The creation of new products and production methods that completely destroys the market positions of firms that are wedded to existing products and older ways of doing business is called Creative destruction.

What is Creative destruction?

Creative destruction happens when a new product or newer methods of production are introduced that are much better than existing products.

This would then lead to the existing products being sought less in the market, thereby destroying the market positions of the firms that were linked to those existing products.

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Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as?

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Encouraging or helping a firm's suppliers to achieve in the desired fashion can be directed to as Supplier Management.

What is meant by Supplier Management?

Assessing supplier performance, defining and establishing delivery and quality standards, and upholding supplier relationships are all parts of supplier management. Making sure that suppliers meet or exceed the buyer's expectations in terms of quality, delivery, and pricing is the aim of supplier management. Value for money must be acquired from all suppliers, according to the Supplier Manager. He ensures that all contracts with suppliers support the demands of the company and that all suppliers uphold their end of the bargain.

The systematic, enterprise-wide evaluation of a supplier's strengths, performance, and capabilities in relation to the overall business strategy is known as supplier relationship management (SRM). SRM also involves choosing which activities to undertake with various suppliers, as well as planning and carrying out all supplier interactions in a coordinated manner throughout the relationship life cycle in order to maximize the value realized through those interactions.

Creating two-way, mutually beneficial connections with strategic supply partners is the main goal of SRM in order to provide higher levels of innovation and competitive advantage than are possible through independent operation or a standard, transactional purchasing arrangement. Supplier information management, compliance, risk management, and performance management are underlying disciplines that underpin effective SRM.

Hence,  Encouraging or helping a firm's suppliers to achieve in the desired fashion can be directed to as Supplier Management.

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which of the following actions could cause a company's change in net working capital to be negative for a given year

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"Borrow money from the bank using a note payable in nine months"  could cause a company's change in net working capital to be negative for a given year. Option A

This is further explained below.

What is net working capital?

Generally,  The firm's net working capital is essential because it provides insight into the liquidity of the organization and reveals whether or not it has sufficient funds to meet its immediate financial commitments.

Liquidity is the degree to which an organization is able to meet its current and future financial obligations.

If the figure for the firm's net working capital is zero or greater, then the company is in a position to fulfill its current obligations. If the number is less than zero, then the company is not in a position to meet its current commitments.

In conclusion, If a corporation "borrows money from the bank using a note due in nine months," their change in net working capital for the given year might end up being negative. This is one scenario in which this is a possibility.

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In modern states, bureaucracy is a must have. group of answer choices
A. true
B. false

Answers

The above statement with regard to bureaucracy is true. Thus, option (A) is correct.

What is bureaucracy?

Bureaucracy refers to the group of the people in the administration participating in the process of policymaking. They are non-elected government officials.

A bureaucracy was historically a government administration governed by departments manned by non-elected individuals. Bureaucracy is essential in modern nations. Therefore, it can be concluded that option (A) is correct.

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Supply and quantity supply are the same and measure the same distribution behavior in a market. True or false

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The same distribution behavior is measured by supply and quantity supply in a market. This statement is false.

The statement is false because both supply and quantity supplied   measures different concepts. The foundational idea in economics is supply. It alludes to the numerous sizes that the producer is prepared to offer for sale at varied potential costs. However, quantity supplied refers to the whole amount of the good that providers are willing to sell at a given market price.

According to the law of supply, as a good or service's price rises, the producer will make and offer more of it. Other determinants, however, remain consistent. As a result, the cause is the change in the commodity's price. Additionally, its impact can be seen in the shift in that commodity's supply. High pricing also motivate a company to increase production or sales. Price and amount delivered have a clear and favorable relationship.  

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Sometimes a country's laws forbid foreigners from ownership within their nation, and the only way a u.s. company can have a presence in that foreign country is with a(n) ___.

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Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, Joint Ventures are one way for an American company to have a presence in that foreign country.

What are Joint Ventures?A joint venture is a partnership between two or more parties to develop a single enterprise or project for profit while sharing the risks associated with its development. The joint venture must have at least two natural persons or entities as partners. Joint ventures are typically formed by two companies that have complementary strengths. To bring an innovative product to market, a technology company may form a partnership that opens a new window with a marketing company opening in a new window. Foreigners are sometimes prohibited by law from owning a business in a country. Joint Ventures are one way for an American company to have a presence in a foreign country where such laws exist.

Therefore, sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, Joint Ventures are one way for an American company to have a presence in that foreign country.

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The correct question is given below:
Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) _____ is one way for an American company to have a presence in that foreign country.

With other things unchanged, a rise in the average price of imports or a fall in the average price of exports will:_________

Answers

A fall in the average price of exports will basically worsen the terms of trade or with other things unchanged, a rise in the average price of imports.

The terms of trade will not be improved by this event; on the contrary, they will be made worse.

A rise in the average price of imports or a decline in the average price of exports make it impossible to increase the frontier of production possibilities.

Additionally, if other factors remain the same, the production possibilities frontier won't contract if exports average prices decline while import average prices increase.

All other things being equal, determining a set of equilibria enables one to forecast how much a nation will import at various international prices as well as how much it will export in excess of its domestic consumption at various international prices.

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Most immigrants who came to work in u.s. industries had worked in their home countries as?

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Most immigrants who came to paintings in u.s. industries had labored in their home nations as industrial jobs.

An immigrant is described as someone who moves to the new USA. An instance of an immigrant is a lady who actions from Mexico to the united states. noun.

A person who migrates to any other u . s ., commonly for a permanent house. an organism located in a brand-new habitat. of or referring to immigrants and immigration: a department for immigrant affairs. immigrating. These Are four varieties of Immigration Statuses in the US. whilst immigrating to the USA, there are four distinct immigration reputation categories that immigrants can also fall into: citizens, residents, non-immigrants, and undocumented immigrants.

The phrase immigrant is used while speaking about the united states moved to. Emigrant is used when speaking about the united states of America moved from. someone is an emigrant once they depart the united states of America at the beginning and an immigrant once they come into their new USA.

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Most immigrants who came to work in U.S. industries had worked in their home countries as rural farm workers.

In reality, positioned, an immigrant is someone dwelling in a rustic apart from that of his or her beginning. Regardless of if that person has taken the citizenship of the destination the USA, served in its navy, married a native, or has another popularity—he or she will for all time be a worldwide migrant.

Immigration, the motion of human beings living in a single country into every other country, is a fundamental issue of human history, although it turned into as controversial masses of years ago as it's far these days.

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A product includes anything that would enhance it in the eyes of consumers, such as the:_______.

Answers

Anything that would make a product more appealing to consumers, like the warranty brand bundle, is included.

Brand management is the secret to success in today's markets. Management of brands is essential for the survival of both the products and the businesses that produce them in a world where items are increasing and becoming more and more similar.

The brand concept and name choice are the first steps in long-term brand management. Brand concept is the definition of the brand's market parameters and refers to the brand's meaning. Like naming a new kid, brand names are given. The main purpose of it is to identify the offering. It aids in conceptualization as well.

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The shares of an acquired company not held by the controlling shareholder are called the:________

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The shares of an acquired company that is not held by the controlling shareholder are called a non-controlling interest.

A non-controlling interest can also be called a minority interest. This is a type of ownership position where the shareholder will own less than 50% of the outstanding shares. As the shareholder owns only 50% he will have no control over the decisions that are taken by the company. Most of the shareholders would be considered as having a non-controlling interest.

The non-controlling interest can be calculated at the net asset value of the entities. These shareholders do not account for potential voting rights. This non-controlling interest is the opposite of a controlling interest. Under the controlling interest, the majority of the shares will be held by one individual only.

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Before the adjusting entry for a deferral of an expense, the expenses will be _____ and the assets will be _____.

Answers

Before the adjusting entry for a deferral of an expense, the expenses will be assets and the assets will be debited

What is deferred expense?

Deferred expense is an expense paid for prior to incurring it, in other words, the payment relating to the expense has been paid prior to the company receiving the goods or enjoying the expenses, which means that deferred expense would increase asset initially.

The appropriate entries for deferred expense is to debit deferred expense account( an asset account) and credit the cash account since the cash balance decreases, as a result, when the expense is incurred, the adjusting entry to the deferred expense account would credit.

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Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be:_______

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Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be "Structurally unemployment"

What is Economy?
An economy is a region where products and services are produced, distributed, traded, and consumed. A given economy is a set of processes that involve its culture, values, education, technological evolution, history, social organisation, political structure, legal systems, and natural resources as main factors. It is generally defined as a social domain that emphasises the practises, discourses, and material expressions associated with the production, use, and management of scarce resources. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviours and exchanges that cannot exist independently.

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The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of:_______

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The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality.  In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.

According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.

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The underlying foundation for the development of accounting standards and interpretation of accounting information is referred to as the?

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The underlying basis for the development of accounting standards and interpretation of accounting data is referred to as the: Conceptual framework.

What is meant by the conceptual framework?

A conceptual framework contains one or more formal approaches (in part or whole) as well as other ideas and empirical findings from the literature. It is used to show relationships among these concepts and how they relate to the research study.

Conceptual frameworks can be written or graphic and are generally designed based on a literature review of existing studies about your topic.

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Due to an increase in the usage of information technology in the buying process:___.

Answers

Due to an increase in the usage of information technology in the buying process: (E) mistakes are minimized.

What is information technology?

Information technology (IT) can be defined as a field in computer science that typically deals with the use of computer systems to generate, process, store, retrieve, and exchange different types of electronic data and information over a secured network.

What is a buying process?

A buying process can be defined as the sequence of steps that a consumer (customer) would take while making a purchasing decision, usually over the Internet such as:

Problem recognition.General need description.Product specification.Supplier search.Proposal solicitation.Supplier selection.Order-routine specification.Performance review.

As a result of an increase in the usage of information technology (IT) in the buying process mistakes are essentially minimized.

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Complete Question:

Due to an increase in the usage of information technology in the buying process:_____.

(A) postsale services are reduced.

(B) order times are increased.

(C) overall cycle times are increased.

(D) shipping times are increased.

(E) mistakes are minimized.

The _____ is the average time between purchasing inventory and receiving cash proceeds from its sale.

Answers

Answer:

Operating cycle

Explanation:

Prepayments are transactions in which the cash flow follows the expense or revenue recognition. True or false

Answers

Prepayments are transactions in which the cash flow tracks the expense or revenue recognition. false

How do prepaid expenses minister in the cash flow statement?

A decrease in prepaid expenses improves cash flow. Operating expenses are typically paid every month, which is why any reduction in prepaid expenses will directly benefit cash flow for the current month.

What Are Prepaid Expenses?

Prepaid costs are future costs that are paid in advancements, such as rent or insurance. On the balance sheet, prepaid costs are first recorded as an investment. As the advantages of the assets are realized over time, the amount is then recorded as an expenditure.

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______ ownership of capital gives capitalism its name. multiple choice question. public private central board government

Answers

Private ownership of capital gives capitalism its name. The private ownership of the means of production and distribution in an economy, wherein private individuals control the economy, is known as capitalism.

Private capital is funding given to a firm in the form of a loan or equity investment that does not originate from an institutional source, such as a bank or government agency, or from the general public through the sale of stock on a stock market.

The choices of what to produce, how to produce, and for whom to produce are made completely by the private owners who own the factors of production in a capitalist system of economics.

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Other Questions
The difference between the concept of a company mission statement and the concept of a strategic vision is that:__________ An assessment finding for a 65-year-old patient that alerts the nurse to the presence of osteoporosis is:__________ 385 people get on an empty train at a station. At the first stop, 264 more people get on the train, and 89 people get off. There are no more stops until the train reaches it final destination, where everybody gets off the train. How many people get off the train at the final destination? x=b/4 = c solve for x an asteroid is 180,000km away from the moon on a collision course. how much time will it take before the asteroid is 10km away if it is moving at a constant velocity of 36,000m/s? During the isothermal heat rejection process of an ideal carnot cycle, the entropy of the working fluid:______. A manager who is fully informed, completely logical, and makes choices that are intended to maximize value is utilizing ________. what is the relationship between motor neuron and sensory receptor If revenues is credited, then the possible debits are ______ Exercise 3 Identify the purpose and topic of each topic sentence given below.The violins began the piece the orchestra played. Which contribution was not made by herb lubalin to the history of communications design? A nurse is assessing a client with anxiety. which signs and symptoms would the nurse attribute to sympathetic nervous stimulation? What is the atomic number for an element whose mass number is 78, which contains 36 neutrons per atom? If 6 people evenly share 3/4 of cake, what fraction of the whole cake does each person gets? Knowledge CheckQuestion 1 of 5What is an unexpected life event? a rectangular piece of metal is 5in longer than it is wide, squares of 1in long are cut from the four corners and the flaps are folded upward to form an open box. if the volume of the box is 456in^(3) , what were the original demensions of the piece of metal? Suppose that for a function g (x), g (4) = 7. Select all of the statements that are true.A.B.C.D.E.4 is in the range of g.For a value a, it is possible that g (a) = 4.For a value y, it is possible that g (4) = y.The point (4,7) is on the graph of y = g(x).The point (7,4) is on the graph of y = g(x). At what angle relative to the north-south direction should this bird head so that it will be traveling directly southward relative to the ground? Exercise 1 Circle each prepositional phrase in the following sentences. My sister took her books off the table at dinnertime. 5.-220-22 what's the slope ?