A manager is leading a team to develop a unit-level philosophy statement. During this process, the manager should align the unit-level philosophy with higher level organization level philosophy
A successful firm must have a culture that is founded on deeply held and broadly shared beliefs that are backed by strategy and structure.
Three things happen when a company has a strong culture: Employees understand how top management expects them to respond to every situation, they feel that the expected answer is correct, and they understand that they will be rewarded for showing the organization's values.
A strong culture is a common thread across the most successful businesses. All have top-level agreement on cultural priorities, and those values are centered on the institution and its goals rather than individuals.
Successful business leaders embody their cultures every day and go out of their way to promote their cultural identities to employees and potential new hires.
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scarcity in economics means that: group of answer choices we do not have sufficient resources to produce all of the goods and services we want the wants to people are limited there must be poor people in rich countries shortages much exist in nearly all markets
The answer is not having sufficient resources to produce all the goods and services we want, scarcity in economics means that not having sufficient resources to produce all the goods and services we want.
What constitutes a scarcity, specifically?Gold, oil, silver, and other fossil fuels are examples of natural resources that are inherently scarce. These resources might become rare and pricey when there is a demand that outpaces the supply. A high price is demanded for some goods, such as diamonds, due to their scarcity and market dominance.
What does AP Macroeconomics mean by scarcity?The fundamental issue with economics is scarcity, or the lack of sufficient resources in society to meet everyone's demands. The basic contrast is between unrestricted wants and needs and finite resources.
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a country's infratsture refers to its a proportion of population with post-secondary education. b public capital goods such as highways. c internal, as opposed to external, debt. d private financial institutions. e natural resources.
Infrastructure in a nation refers to public capital assets like roads and sewage systems.
Infrastructure is referred to as the fundamental physical framework of an organization, region, or country. It frequently pertains to the creation of public goods or industrial activities. The word "infrastructure" is used to refer to a country's fundamental physical systems, such as its transportation, roadways, water, sewage, electric, and communication networks. In this sense, infrastructures are the fundamental services intended to be provided for a country, a state, or any other region. Infrastructure was created by both governmental and private physical developments. These infrastructures are typically very expensive expenditures, yet they are necessary for a nation's growth and development.
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suppose the cost of the basket in 2020 was $4,200. if the cost of the basket in the base year was $3,000. the cpi for 2020 would be
If the cost of the basket in 2020 was $4,200 and the cost of the basket in the base year was $3,000 then CPI for 2020 would be 140.
What is Consumer Price Index (CPI)?
The monthly change in prices paid by American consumers is tracked by the Consumer Price Index (CPI). The CPI is calculated by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a selection of products and services that is indicative of total consumer spending in the United States.
One of the most widely used indicators of inflation and deflation is the CPI. In contrast to the producer price index (PPI), which tracks changes in the prices paid to American producers of goods and services, the CPI report employs a different survey methodology, price samples, and index weights.
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net worth is $120,000, excluding his home. his liabilities of $54,000 include all of his credit card balances and the balance due on his auto loan and home improvement loan. his townhouse has a market value of $220,000 and he owes $190,000 to his mortgage company. what is gabriel's debt-to-equity ratio?
Gabriel's debt-to-equity ratio is 36%. This indicates that for every $1 of equity, he has $0.36 of debt. A debt-to-equity ratio of 36% is considered low to moderate risk.
Debt-to-equity ratio is a financial metric that measures the amount of debt a person or company has relative to its equity. It's calculated by dividing total liabilities by total equity. The debt-to-equity ratio indicates the level of risk involved in financing a person or company's operations and growth. A higher debt-to-equity ratio means that a higher proportion of a person or company's financing comes from debt, which can be riskier than financing from equity. A lower debt-to-equity ratio means that a higher proportion of financing comes from equity, which is generally considered less risky.
Gabriel's total equity can be calculated as the sum of his net worth and the market value of his home, minus the mortgage balance owed on the home:
Equity = Net Worth + Home Value - Mortgage Balance
= $120,000 + $220,000 - $190,000
= $150,000
His debt-to-equity ratio can then be calculated as:
Debt-to-Equity Ratio = Total Liabilities / Total Equity
= $54,000 / $150,000
= 0.36 or 36%
Thus, the result is 36%
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in your communication plan, who is the sender/owner responsible for communicating the training schedules, locations, and other details to office green employees?
Project manager is indeed the sender/owner accountable for informing office green personnel of the training schedules, places, and other specifics as stated in the communication strategy.
Explain the role of Project Manager?The person in charge of carrying out the project is the project manager.
Working within established reporting structures, the project manager is accountable for:
creating and utilising effective project management.requirements for the NI Gateway Assessment Process's integration.overseeing the creation of the necessary deliverables.planning and project management.implementing any form of delegation and employing roles for project assurance.within established reporting frameworks.Project, stage, and exception plans should be created and maintained as needed.managing project risks, which includes creating backup plans.If the project is a component of a programme, coordination with programme management and related projects is necessary to make sure that no work is missed or done twice.Thus, project manager is indeed the sender/owner accountable for informing office green personnel of the training schedules, places, and other specifics as stated in the communication strategy.
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in the first chapter of the wealth of nations, smith introduces the idea of the , which means the way in which the work required to produce a good or service is divided into a number of tasks that are performed by different workers. question 2 options: division of labor interconnected economy task economy modern economy
The concept of the joyful word, which refers to the division of the labour necessary interconnected to produce an item or service into a number of jobs carried out. The correct answer is C task economy.
By several employees, is introduced by Smith in the first chapter of The Wealth of Nations. Adam Smith introduces the concept of the division of labour in the first chapter, which states that rather than having one person perform each task.
A good or service is created by a number of workers who carry out different duties. Adam Smith defended the economic tenet that businesses should be permitted to function free from government interference in the wealth of nations smith typically opposed free speech. Open markets usually self-regulate through competition, market forces, and self-interest. In The Wealth of Nations, Adam Smith argued that enterprises should be allowed to operate without interference from the government.
Complete question:
in the first chapter of the wealth of nations, smith introduces the idea of the , which means the way in which the work required to produce a good or service is divided into a number of tasks that are performed by different workers. question 2 options:
A division of labor
B interconnected economy
C task economy
D modern economy
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Which one of the following is NOT an advantage of the cash method for reporting income?a. Taxpayers are able to deduct expenses in the period incurred, which may be before they actually pay them.b. Taxpayers have some control over when income is received and expenses are paid which assists in tax planning.c. The cash method generally simplifies the computation of income.d. Taxpayers recognize income in the period they receive it, giving them the wherewithal to pay the tax.
The following option that is not the advantage of the cash method for reporting income is a. Taxpayers are able to deduct expenses in the period incurred, which may be before they actually pay them.
In the term of financial economic and accounting, Cash method of accounting generally can be defined as a method of accounting used by many individuals and some small businesses to record their liabilities and income. One of the advantage of cash method is the transactions are recorded only when the payments have been made or received. The other benefit of cash method is that deduct expenses in the tax year in which you pay the expenses.
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to maintain a competitive advantage, gabriela’s company must be responsive to customers, be innovative, make high quality products, and do the work efficiently. True or False
The claim that Gabriela's business must be customer-responsive, inventive, provide high-quality goods, and work effectively in order to sustain a competitive advantage is accurate.
What do you mean customers?Customer definition Client refers to an individual or business who makes a purchase from the other company. Customers are crucial since they generate revenue. With them, companies would not remain in business.
Why are customers important?Your customers are the most crucial aspect of your business, no matter what sector you operate in or what services or products you offer. There are no sales without the customer. They therefore play a crucial role in creating your marketing strategy and messaging.
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social security taxes are charged on your net income.T/F
True. Your net income is subject to Social Security taxes. A specific payroll tax is used to fund Social Security.
What does net income mean in the income statement?The term "net income" refers to a company's profit during the accounting period. In other words, net income includes all of a company's costs and expenses, which are deducted from revenue. Due to its location at the bottom of the income statement, net income is frequently referred to as the bottom line.
What is on the income statement?An income statement displays a company's revenues, costs, and profitability over time. It may also be referred to as an earnings statement or a profit-and-loss (P&L) statement. It displays your: revenue from the sale of goods or services.
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The key benefit of countries engaging in trade based on comparative advantage is that:
A.) both countries will be able to consumer more than with no trade
B.) it allows countries to produce efficiently inside their individual PPFs
C.) it allows both countries to maximize their opportunity cost
D.) None of these is a key benefit
The main advantage of nations trading with each other according to competitive advantage is that it enables both nations to maximise their opportunity cost.
What are the benefits of trade?Trade increases real earnings and enables families to make larger purchases using their present salaries by enabling them to purchase a wider range of items at cheaper prices. This is crucial for middle-class consumers, who spend more of their discretionary income on commodities like food and clothing that are extensively traded.
What is the main objective of trade?The following is the goal of trade: to get greater pay in order to better the economic circumstances of the workforce. to offer workers better working circumstances. to guarantee that bonuses from the company's revenue go to the employees.
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in the 1970s, some developing economies with certain natural resources managed to gain some power over more industrialized economies through the work of which organization?
Through the efforts of a few individuals in the 1970s, developing economies with particular natural resources were able to exert some control over more industrialised economies.
What is the example of individuals?
existent and taken into account independently of the other things or individuals in a group: Handwork is used to complete each unique table. given to or pertaining to a solitary, distinct entity or person: Every case is handled uniquely by us. Personal life is defined by a person's decisions and preferences outside of the workplace, such as their mate, friends, hobbies, cultural interests, and clothing choices. Particularly, one's personal life is defined by the activities they participate in during their free time.
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What is the concept of cash flow?
Real or virtual movement of money.
What is supply? (Select the best answer.)
The amount of something consumers want
The amount of producers it takes to make a product
The amount of something available to consumers
The amount of a product that consumers asked producers to make
Answer: Option C
Explanation: The amount of something available to consumers
sammy's shovels had sales of $135,310 in 2021. the cost of goods sold was $20,640, operating expenses (excluding depreciation) were $14,930, interest expenses were $3,010, depreciation expense was $8,870, and dividends paid were $3,480. the firm's tax rate is 21 percent. what did sammy's shovels report as net income (or, net profit) in 2021?
Sammy's Shovels consequently had a net income of $83,772 in 2021. The amount a business or person makes after deducting all costs from total revenue is known as net income, sometimes known as net profit or net earnings.
Sammy's Shovels' net income (or net profit) is determined by deducting all costs from total sales.
Sales + Net-Income Selling price of products sold, operating costs, interest costs, depreciation, and taxes
It stands for the remaining profit after all operating expenses for a firm or investment have been considered. Net income is a crucial indicator used to assess the success and financial performance of a company or investment.
Adding the specified values:
Net income = $135,310 - $20,640 - $14,930 - $3,010 - $8,870 - ($135,310 - $20,640 - $14,930 - $3,010 - $8,870) * 0.21
Net income = $135,310 - $20,640 - $14,930 - $3,010 - $8,870 - ($91,800) * 0.21
Net income = $135,310 - $20,640 - $14,930 - $3,010 - $8,870 - $19,318
Net income = $83,772
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g a corporation has the following stockholders' equity accounts at the end of the current fiscal year, after the closing entries have been posted: common stock, $5 par, $2,000,000; paid-in capital in excess of par--common stock, $375,000; retained earnings, $1,285,000. the earnings for the current year, during which there were no unusual items, were $300,000. compute the earnings per share of common stock.
The Earnings per share of common stock, given the stockholder equity accounts would be $ 0. 015 per share
How to find the earnings per share ?To find the earnings per share to the common stock, you first need to find the earnings for the company in that year.
This is because the formula for earnings per share is:
= Net income / Common stock value
= 300, 000 / 2, 000, 000
= $ 0. 015 per share
In conclusion, the earnings per share to the corporation would be $ 0. 015.
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In the context of using salesforce opinion for forecasting, identify true statements about salesforce opinions as a source of information for the forecast.- The salesforce is a good, unbiased source of information about customers' long-term wants and needs.- The salesforce is less likely to be able to distinguish between what customers would like to do and what they actually will do.- The salesforce is often aware of any plans the customers may be considering for the future.- The salesforce is likely to undermine the recent trends in demand.
In the context of using salesforce opinion for forecasting, true statements about salesforce opinions as a source of information for the forecast is the salesforce has a sense of what customers want because of their direct contact with customers. The Option E is correct.
What is use of salesforce opinion for forecasting?The opinion of the Sales Force is a method in which salespeople or intermediaries are responsible for estimating sales goals specific to their respective scope at a given time.
Because your salespeople are in direct contact with your customers, this method takes advantage of their specialized knowledge. As a result, it makes it easier to segment the sales forecast into specific products and markets, giving the sales team more confidence in meeting their quota.
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The slope of a budget constraint line is influenced by?
Answer:
The slope of the budget constraint is determined by the relative price of the choices.
Explanation:
Choices beyond the budget constraint are not affordable. Opportunity cost measures cost by what is given up in exchange.
mateo bought machinery on december 4, 2019. on june 4, 2020, he traded this machinery for other machinery in a nontaxable exchange. on december 6, 2020, mateo sold the machinery he got in the exchange. his holding period for this machinery began on which date?
The holding period for the machinery that Mateo got in the nontaxable exchange on June 4, 2020, would begin on that date.
A holding period is the length of time that an asset is owned. It starts on the date of acquisition and ends on the date of disposition. In the case of Mateo, the machinery he acquired on December 4, 2019, was traded for other machinery in a nontaxable exchange on June 4, 2020. As a result, his holding period for the new machinery began on June 4, 2020, the date of acquisition in the exchange. When Mateo sold the machinery he got in the exchange on December 6, 2020, the length of his holding period would be determined by subtracting the date of acquisition (June 4, 2020) from the date of disposition (December 6, 2020), resulting in a holding period of approximately 6 months. The holding period is important in determining the tax treatment of the sale, as it affects the calculation of capital gains or losses on the sale.
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what is true about modern business attitudes toward corporate social responsibility (csr)? multiple choice question. companies increasingly feel it is the right thing to pursue. companies will consider it only if it does not cost them. companies are converting from for-profit to non-profit operations. companies increasingly look for ways to avoid it.
Modern business attitudes towards Corporate Social Responsibility (CSR) have changed in recent years with companies increasingly recognizing the importance of considering the social and environmental impact.
What is CSR?
While some businesses may still place a higher priority on profits than CSR activities, there is a growing tendency for businesses to realize that CSR is not only the ethical thing to do, but that it can also improve their reputation and financial situation in the long run. The growing number of businesses that have integrated CSR into their company strategy, such as implementing environmentally friendly practises, supporting charity organizations, and encouraging diversity and inclusion in the workplace, reflects this shift in thinking. Even while not all businesses have fully adopted CSR, the trend towards prioritising it is clear and is still expanding.To know more about CSR , check out :
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what impact does the trans-siberian railroad have on the global economy?
Integrated geographic information analysis of the socioeconomic impact of the Trans-Siberian rail line after the Soviet Union fell apart.
What was the Trans-Siberian Railway's economic impact?The railway was a drain just on Russian economy during construction, and its cost—the closest thing of $770 million to $1 billion in 1916 U.S. dollars—accounted with one of Russia's government deficit at the time, despite the fact that the railway would exceed pay for itself in the decade that followed.
What were the railroad's three effects?The railroad paved the way for the establishment of the West, created new economic opportunities, aided in the development of towns and communities, and in general connected the country.
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enlightened self-interest, an important justification offered for corporate social responsibility (csr), presumes that multiple choice bottom-line impact of ethical decision making can be measured and compared. profits are independent of ethics. good ethics can also be good business. measurement of bottom-line impact of ethical decision making is unimportant.
Option (c), An key argument for corporate social responsibility (CSR) is enlightened self-interest, which claims that moral behavior can benefit both business and society.
What are the arguments in favor of corporate social responsibility?One of the main grounds for social responsibility is the evolution of the public's expectations of business. Therefore, in order for a firm to be successful in the long run, it needs to satisfy customer needs and society expectations.
What constitutes CSR's enlightened self-interest?According to the "enlightened self-interest" school of ethics, individuals who act in ways that enhance the interests of others (or the interests of the group or organizations to which they belong) eventually act in ways that benefit them personally.
That it is advantageous for a corporation if employees prioritize their personal needs before their morals. believe it is in a company's best interests to take a shareholder's wishes into consideration. believe an organization's own interests are best served by acting morally.
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The entry to record the acquisition of raw materials on account isa. Dr. Work in Process Inventory, Cr. Accounts Payableb. Dr. Manufacturing Overhead, Cr. Raw Materials Inventoryc. Dr. Accounts Payable, Cr. Raw Materials Inventoryd. Dr. Raw Materials Inventory, Cr. Accounts Payable
When raw materials are purchased, we record the transaction in a separate raw materials inventory account. We will credit the accounts payable because the purchase is on account. (Option D)
What is the name of the journal entry used to document the purchase of raw materials on credit?Journal entry for the purchase of raw materials, You enter the initial material acquisition at cost in the accounting records when you buy the supplies for use.
According to Accounting Tools, this entry consists of a credit to accounts payable or cash and a debit to the inventory of raw materials. The total inventory account is increased by the entry.
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assume rafael can earn an 6 percent after-tax rate of return. use exhibit 3.1. would he prefer $1,200 today or $1,800 in five years?
Rafael would prefer $1,200 today over $1,800 in five years, as the present value of $1,200 is higher than the present value of $1,800 in five years, given his after-tax rate of return of 6%.
Exhibit 3.1 is not provided, so I will assume that we can use a general present value formula to calculate the value of the two options:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.
Option 1: $1,200 today
PV = $1,200 / (1 + 0.06)^0
PV = $1,200
Option 2: $1,800 in five years
PV = $1,800 / (1 + 0.06)^5
PV = $1,367.57
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inflation can be measured by: a the percentage change in the cpi. b the absolute change in the cpi. c the absolute change in the gdp deflator. d the percentage change in real gdp. e the percentage change in nominal gdp.
Inflation can be measured by "a the percentage change in the CPI". The correct option is A.
The inflation according to the economics, the inflation refers to the increase in the price of the products or services in the economic which result to less purchase the products or services by the consumer or customers.
The inflation can be measured by a the percentage change in the CPI, the CPI stands for Customer Price Index the most well indicator to measure the CPI to measure inflation, as the percentage change in the price of goods or services consumed by the customer or consumer.
The two main and primary indicator for the inflation measurement in the whole sale price index ( WPI ) and the consumer price index ( CPI ).
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what encourages innovation? incentives that reward productivity. a lack of informal institutions. a lack of formal institutions. political instability.
A. incentives that reward productivity encourage innovation.
This describes adjustments made to increase the effectiveness of a procedure. For instance, assembly lines represented a manufacturing innovation. Innovation in the business model is when processes are changed. Platforms for ride-sharing, like Uber and Grab, are one example of this.
Innovative things are fresh and unique. You are an extraordinary person if you enjoy trying new things and coming up with creative solutions. Innovative is derived from the Latin word novus, which means new, along with nova, novel, and novice. The way things have been done is renewed or changed by something innovative.
With the introduction of originality to current product lines or business practices, market dominance, revenue, and customer happiness all grow. Innovation can occasionally be applied to modernize a company's operational systems.
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External analysis and internal analysis combined constitute the _____. A. value analysisB. training analysisC. development analysis D. SWOT analysisE. recruitment analysis
External analysis and internal analysis combined constitute what has come to be called the SWOT analysis.
What is SWOT analysis?
SWOT analysis is a framework used to assess a company's competitive position and to create strategic planning. It stands for strengths, weaknesses, opportunities, and threats. The SWOT analysis evaluates internal and external variables as well as present and anticipated future situations.
A SWOT analysis is intended to help you take a practical, fact-based, and data-driven look at the advantages and disadvantages of a company, its efforts, or its sector. The organisation must avoid preconceived notions or grey regions and concentrate on real-life settings in order to maintain the analyses' accuracy. Companies should use it as a reference rather than a strict prescription.
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business marketing strategy must be based on an assessment of the: a. customer. b. competitor. c. company. d. all of the answer choices. e. both competitor and company.
A marketing strategy is a business's general scheme for developing a customer base for the product or service that the business provides.
What is business marketing strategy?A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are. A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy. The value proposition of the business, critical brand messages, information on target customer demographics, and other important components are all included in a marketing plan. One of the most effective marketing tactics for small businesses is social media marketing.
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When property rights are clearly defined and enforced, private owners will
a. use their property for selfish ends because they have little or no incentive to consider the
desires of others.
b. develop and direct their property toward uses that others value highly because the market
will generally reward them for doing so.
c. have little or no incentive to take care of their property or conserve it for the future.
d. be unable to derive personal gain if they are sensitive to the desires of others when
deciding how to use their property.
Property rights will create and direct their estate toward uses that others appreciate highly so because market will normally reward them for it if land rights are narrowly outlined and imposed.
The correct answer is B.
What is the most likely outcome of a system of well-defined and enforced personal property rights?Owners of resources will benefit from discovering and utilizing their materials in ways that are greatly regarded by others.
What happens when land rights really aren't clearly defined?Externalities occur because once land rights are not clearly defined or effectively enforced. "Negative externalities" occur so when costs of producing a good fall on people other than the ones who decide the amount or if should produce that good.
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When will the irs issue refunds with child tax credit?
Answer:
you can expect to get your refund by February 28
Explanation:
A high-level IS manager has his firm utilize sophisticated information systems to digitally design its products so that design defects can be detected and removed early in the process, reducing development cost. What business strategy does this represent?
a. high standards
b. cost leadership
c. differentiation
d.focus
Option b is Correct. A High-level IS manager instructs his company to digitally design its products using cutting-edge information systems so that design flaws can be found.
This can be eliminated early in the process, lowering development costs. What this amounts to is a cost leadership business plan. In order to outperform rivals and take market share, the cost leadership strategy is a business strategy that focuses on lowering production costs and providing the lowest-priced products.
The cost leadership approach is crucial because it enables businesses to make their goods more affordably and sell them for less than rivals, giving them a competitive edge.
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