Understanding the external business environment needs marketers to be aware of differences in the law that impact how business is conducted.
What is External business environment?Customers, competition, economy, technology, political and social conditions, and resources are common external factors that influence the organization. Even if the external environment occurs outside an organization, it can have a significant influence on its current operations, growth and long-term sustainability.
The environment offers a variety of opportunities, therefore it's important to recognize them if you want to boost a company's success. Early identification gives an opportunity to a company be the first to identify opportunity instead of losing them to competition. Hence, Understanding the external business environment needs marketers to be aware of differences in the law that impact how business is conducted.
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Countries experiencing balance-of-payments deficits can obtain short-term loans from?
Generally, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.
What is the role of International Monetary Fund?The Financial body is established to promote trade amongst member nations by eliminating and fostering financial cooperation. The International Monetary Fund makes a short-term loans to member countries that have balance of payment deficits and provides foreign currency to member nations. This body is the closest thing the world has to an international central bank.
As a country with a balance of payments deficit tells that its imports more goods, services & capital than it exports which might make it borrow from other countries to pay for its imports, then, the International Monetary Fund can provide a short term funding to stabilize the deficit.
Therefore, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.
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Mateo spends $20 to have his hair cut at a salon. this expense is included in the ________ category of gross domestic product (gdp).
Mateo spends $20 to have his hair cut at a salon. this expense is included in the Consumption category of gross domestic product (gdp).
What is meant by gross domestic product (gdp) and what are its categories?The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.
Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product.
That reveals what a nation excels at generating. The nation's annual total economic production is measured by its GDP. It is comparable to the amount that is spent in that economy. The underground or black economy is the lone exception.
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Hayley won a lottery and will receive $1,000 each year for the next 30 years. the current value of these winnings is called the:______.
The current value of these winnings is called the present value.
What is the present value?
Present value is the sum of discounted cash flows. The cash flows that t are expected sometime in the future are discounted using an appropriate discount rate.
The higher the discount rate, the lower the present value and the lower the present value, the higher the present value. The longer in the future the cash flow is expected, the lower the present value and the shorter the time in the future the cash flow is expected, the higher the present value.
For example, the present value of 10,000 expected in 10 years at a discount rate of 10% is 10,000 / (1.10^10) = $3855.43
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People with both the desire and ability to buy a specific offering are referred to as group of? a customer base. a market. qualified prospects. candidates.
People with both the desire and ability to buy a specific offering are referred to as group of: a market.
What is market?Market can be defined as the place for the exchange of goods and service in which buyer buy things for a seller in exchange for a product while the seller receive money in exchange for the goods they sold to the buyer.
Group of a market is the place for potential customers who has the desire and the ability to by promotional offers that was market to them.
Therefore People with both the desire and ability to buy a specific offering are referred to as group of: a market.
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The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. identify the term to maturity
The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. Here are a few examples.
A 30-year corporate bond Long Term.A money-market instrument with a maturity of 6 months Short Term.A Treasury note with a maturity of 5 or 10 years Intermediate-term.A 90-dau Treasury bill Short Term.What is meant by Debt instrument?
Debt is likely something you have dealt with at some point in your life. By providing borrowers with the capital they require, debt enables the financial markets to function smoothly. Debt instruments are used by people, companies, and governments for a variety of purposes.
There are numerous variations of these instruments, some more obvious than others. To learn more about debt instruments and the most typical kinds that lenders issue, continue reading.
These resources are investment securities that businesses and governments are providing to investors. Until the security matures, investors pay the full purchase price for it and receive interest or dividend payments at regular intervals. The issuer now pays the investor their entire principal investment back.
One of the most common categories of fixed-income debt instruments is bonds, followed by debentures.
Thus, Debt instruments are a crucial part of financial markets.
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Complete Question
The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. Identify the term to maturity of the following financial instruments:
A 30-year corporate bond: _____A money-market instrument with a maturity of 6 months: _____A Treasury note with a maturity of 5 or 10 years: ______A 90-dau Treasury bill: _____Direct labor and manufacturing overhead costs are known as blank______ costs. multiple choice question. period\
Direct labor and manufacturing overhead costs are known as conversion costs.
What does Direct Labor mean?A product, cost center, or work order-specific production or service worker is referred to as direct labor. When a company manufactures goods, direct labor is the work of the production team that actually creates the goods, such as machine operators, assembly line workers, painters, and so forth. When a business offers services, direct labor is seen as the work of those individuals who offer services to clients directly, such as consultants and attorneys. In most cases, a person who bills time to a client is putting in actual labor hours.
Generally speaking, the cost of normal hours, shift differentials, and overtime hours spent by employees are considered to be direct labor costs.
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Permanently rejecting an investment project today may not be a wise decision primarily because:_________
Permanently rejecting an investment project today may not be a wise decision primarily because The business is giving up the chance to make the investment later if business and industry conditions improve.
When making marketing decisions, capital budgeting is crucial. The returns that an investment will provide must be taken into consideration while making decisions on investments that require time to develop. If an investment is not going to be profitable in the long run, it is not a good idea to do it today, unless it is solely for social reasons.
Frequently, it would be beneficial to understand the future investment's present value or when it will mature (give returns). Putting the planned investment money in the bank and earning interest or investing in a different project could be far more rewarding.
The choice to construct an additional grain silo, cotton gin, cold store, or to invest in a new distribution depot are examples of typical investment decisions. Although it is challenging to measure the sales to advertising ratio, marketers may want to decide whether to spend more on advertising or expand their sales force.
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Kia motor company is performing a key function of operations management when it ________ for its new line of automobiles.
Kia motor company is performing a key function of operations management when it purchases new parts and supplies for its new line of automobiles.
Kia motor company
Kia Corporation, or simply Kia, is a South Korean multinational automobile manufacturer headquartered in Seoul. With sales of over 2.8 million vehicles in 2019, it is South Korea's second largest automobile manufacturer after its parent company, Hyundai Motor Company. Kia began as Kyungsung Precision Industry on June 9, 1944, as a manufacturer of steel tubing and bicycle parts, eventually creating Korea's first indigenous bicycle, the Samchully, in 1951.
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Firms have a tendency to change the industry structure in their favor, for example by making industries more ______through mergers and acquisitions.
Firms have a tendency to change the industry structure in their favor, for example by making industries more Consolidated through mergers and acquisitions.
What are the major types of industry structure?The four famous types of market structures possess perfect competition, oligopoly market, monopoly market, and monopolistic competition
What is represented by industry structure?
Industrial structure represents the composition of a country's economic activity, the presentation of human material provisions. Industries are usually classified into three basic types according to their stage within the presentation process, or the type of value being added to a biological resource.
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The goodyear tire company is organized by regions: north america, europe, middle east and africa, latin america, and asia pacific. these divisions of goodyear are called:_______
The Goodyear tire company is organized by regions: North America, Europe, the middle east and Africa, Latin America, and the Asia Pacific. these divisions of Goodyear are called Segments.
What is a business segment?A business segment is a section that derives income through the sale of a product, a line of products, or a service unrelated to the main area of concentration for the company. Market segmentation is the process through which a company divides its target market into more manageable portions or units. In an effort to successfully target each target market, the company takes this action.
Market segments can be seen in the divide formed by Goodyear tires.
A business sector is a division of an organization that can be recognized by the goods, services, or areas of operation it offers. In other terms, it is a specific area of a business that can be clearly distinguished from the entire corporation based on its clients, offerings, or markets.
Companies are frequently divided into business segments by management to determine which sections of the firm are operating well and which areas require development. In periods of poor economic growth, management also divides firm performance into sectors to decide whether to stop operating in particular markets or eliminate departments entirely.
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In the boston consulting group approach, ________ serves as a measure of company strength in the market.
In the Boston consulting group approach, relative market share serves as a measure of company strength in the market.
Relative market share – what is it?A metric that aids businesses in determining where they stand in the market in relation to their main rival are relative market share. Their benchmark is the latter's market share.
The importance of relative market share
You can locate the key companies and comprehend your place in the market by calculating your relative market share. See the sample below for a better understanding of this statistic.
For instance, Company A has a market share of 35% in the jewelry sector, which is amazing. It indicates that other businesses occupy 65%. If there are five leading jewelry brands, they will divide the remaining 65% among themselves, with each receiving about 10% of the market, making Company A the market leader.
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As the human resource manager, garrett has been asked to find three new marketing employees who can help the company define its social media presence. which function is garrett involved in?
As the human resource manager, Garrett has been asked to find three new marketing employees who can help the company define its social media presence. Garrett is involved in assisting with corporate strategy
Below, this is further discussed.
A human resource manager is what?Human resource management is, generally speaking, a strategic approach to the successful and deploy and management of people in a company or institution so that they contribute to the firm's ability to compete.
It is made to optimize worker performance in support of a company's strategic goals.
In summary, Garrett, who oversees human resources, has been tasked with hiring three new marketers who can assist the business in defining its social media presence. Garrett contributes to the company strategy.
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Who suffered the most from the whiskey tax?
a. western farmers
b. eastern merchants
c. northern bankers
d. southern slave owners
The whiskey tax caused the most harm to Western farmers.
What is the whiskey tax?Farmers and distillers in western Pennsylvania revolted in 1794 against a federal whiskey tax, sparking the Whiskey Rebellion. After years of aggressive tax collector behavior, the area ultimately erupted in a conflict that led President Washington to dispatch troops to put an end to what some feared may turn into a full-fledged revolt.
Republicans gained favor as a result of their opposition to the whiskey tax and the revolt itself, and in 1802, they ousted the Federalists from power in Washington. One of the earliest significant challenges to the legitimacy of the fledgling American government was the Whiskey Rebellion.
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If ramen noodles are an inferior good, then an increase in income will lead to a:________
If ramen noodles are an inferior good, then an increase in income will lead to an increase in the demand for Ramen Noodles.
What are inferior goods?The demand for a class of goods known as inferior goods decreases as consumer income increases. When a nation's economy expands, so does the income of its people, which leads them to abandon the cheaper brands they previously bought in favor of more expensive ones.
The rise in household income has a significant impact on consumers' purchasing decisions, which in turn affects the sales of particular goods. As a result of their declining demand, these commodities become less appealing and of worse quality. In times of recession, economic contraction, or lower income, these commodities show negative price elasticity but end up being more accessible and in demand than pricey ones.
Therefore, it is the inferior goods whose demand decreases with an increase in income.
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A project has estimated annual net cash flows of $68,000. it is estimated to cost $380,800. determine the cash payback period. round your answer to one decimal place. fill in the blank 1 years
Around 6 years is the estimated cash payback period.
Formula
Cash Payback Period = Initial Investment/ Cash Flow per year
Cash Payback Period = $380,800/$68,000
= 5.6 years
Cash Payback Period = 6 years (approx value)
What is Net Cash Flow?A company's net cash flow is the difference between its cash inflows and outflows over a specific time period. After covering all operating expenses and debt repayments, a business has a positive cash flow if it still has money left over.
Even though net cash flow and profit are sometimes used synonymously, they each have their own set of metrics for assessing corporate performance. The net cash flow of a business at any particular time demonstrates the total amount of money coming in and going out. But after deducting costs from revenue, profit is the amount that is left over.
But a company's success does not guarantee that it has a healthy cash flow that can easily pay for its costs. By providing a service to a client, for instance, money could be made, but it might take some time before it is paid out. The corporation reports revenue but no cash until the money is paid.
Thus, Net cash flow is quite different from profit.
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When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decision?
Quality best represents to reduce the likelihood of a product recall
There are many different statistical tools available, some of which are straightforward, some complex, and many of which are quite specialized for certain uses. Comparing data, or groups of data, in analytical activity is the most crucial common procedure for calculating accuracy (bias) and precision. Fortunately, much of the information required in routine laboratory work can be acquired using a few easy-to-use statistical tools: the "t-test," the "F-test," and regression analysis. As a result, examples of these will be provided in the following pages. Clearly, statistics are a tool, not a goal, and a skilled and committed analyst may find simple data examination, without statistical treatment, to be just as beneficial as statistical numbers on their desk.
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An increase in government subsidies for an industry, which reduces production cost, causes the market equilibrium price to _____ and the market equilibrium quantity to _____.
An increase in government subsidies for an industry, which reduces production cost, causes the market equilibrium price to decrease and the market equilibrium quantity to increase.
This is further explained below.
What are government subsidies?Generally, Certain industries or economic sectors may qualify for financial help from the government in the form of subsidies, which may take the form of payments, tax exemptions, or other types of economic assistance.
The purpose of subsidies is to lend assistance to or provide support for aspects of the economy or of the national infrastructure that is seen as being particularly important.
When there is a decrease in manufacturing costs, the supply curve for the industry moves to the right.
This creates a new point of balance in the system (the intersection of supply and demand curves). The new price on the market will be cheaper, and both production and consumption will increase to a greater extent.
In conclusion, The reduction in production costs brought about by a rise in government subsidies for a particular industry leads to a lower market equilibrium price and a greater market equilibrium quantity than would otherwise be the case.
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Mintzberg proposed that managers utilize written communication more than verbal communication. true /false
Mintzberg proposed that managers utilize written communication more than verbal communication. False, the given statement is not correct.
Verbal communication is always more often used by managers.
What are types of communication?A productive workplace requires effective communication. The process of conveying information from one person to another, or to a group of individuals, is known as communication and is frequently characterized as a soft skill or an interpersonal skill. Each manner of communication has a significant impact on the dissemination of knowledge. Verbal, nonverbal, written, and visual communication are the four basic forms we employ on a regular basis.
1. Verbal communication involves speaking or using sign language to convey information. It is one of the most popular varieties and is frequently used in meetings, conferences over the phone, and via video, presentations, and one-on-one interactions.
2. Nonverbal communication is the exchange of information with others through body language, gestures, and facial expressions. When you hear a good or entertaining concept or fact, for instance, you might unconsciously smile. When attempting to comprehend the thoughts and feelings of another, nonverbal communication can be useful.
3. Visual Communication
Using images, artwork, sketches, charts, and graphs to convey information is known as visual communication. During presentations, visuals are frequently utilized as a support to provide the helpful context in addition to written and/or vocal communication. Because everyone learns differently, some people may benefit more from visual communication when it comes to understanding concepts and information.
Thus, there are various types of communication.
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the sunshine foundation provides funds to countries in south america to develop long-term sources of clean water. the sunshine foundation realizes that clean water is needed to improve health and preserve local ecosystems while creating a competitive advantage. the actions and interests of the sunshine foundation are examples of .
Because water is generally needed to improve health and preserve local ecosystems while creating a competitive advantage. the actions and interests of the sunshine foundation are examples of an environmental sustainability.
What is an environmental sustainability?This refers to the responsibility of the people to conserve natural resources and protect global ecosystems in order to support health and well-being and in the future.
The importance of environmental sustainability is to improve the quality of human life without putting unnecessary strain on the earth's supporting ecosystems, hence, the actions and interests of the sunshine foundation are examples of an environmental sustainability.
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If a person spends $18 a week on coffee (assume $900 a year), what would be the future value of that amount over 8 years if the funds were deposited in an account earning 2 percent?
If a person spends $18 a week on coffee (assuming $900 annually), the money would be worth $7,725 in 8 years if it were placed into an account generating 2%.
Define the monthly contribution you'll make (P), the period-to-period return rate (r), and the total number of periods you'll contribute (n). Subtract one from [tex](1 + r)^{n}[/tex] and divide the result by r. Multiply the result by P and you will obtain the future value of an annuity.
Here
Annual deposit amount = $ 900
Number of years = 8
Interest Rate = 2%
Using the Future Value Annuity Table, the future value of the retirement account will be determined.
FVAF (2%, 8 years) = 8.583
Future Value = 900 × 8.583 = $7,725
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High tax rates tend to: _______
a. reduce the amount of money created by the government.
b. discourage entrepreneurship.
c. promote economic development.
d. make a nation's currency tradable
High tax rates tend to b. discourage entrepreneurship. By doing this, people will prefer to be employees rather than business owners. This is because the risk owned by the business owner becomes very large. So we have to protect it by giving lower taxes than an employee.
A tax is a legally required contribution to the state that is owing by a person or an organization; it is coercive in nature and is used to fund the state's needs for the greatest prosperity of its citizens. The regulatory functions include: Taxes can be used to curb inflation. Taxes can be used as a tool to encourage and increase export activities, such as a tax on export of goods. Taxes can provide protection for domestically produced goods, such as VAT.
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The value that real estate appraisers generally estimate is market value which is synonymous to?
The value that real estate appraisers generally estimate is a market value which is synonymous with the most probable selling price.
The selling price of a good or service is the final cost to the seller or what the buyer actually pays. A commodity or service in a specific amount, weight, or measurement can be exchanged.
The selling price is one of the most crucial things for a business to decide. It is significant since it determines whether or not it will survive. Its price directly impacts sales of a product. That price might be set at a minimum, maximum, or average of the two.
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If you want to take advantage of compound interest, what should you do when an investment produces interest? a. use the interest to pay your bills. b. reinvest the interest. c. put the interest in a savings account. d. put the interest in a checking account. please select the best answer from the choices provided a b c d
The best answer from the given option is reinvest the interest. (b)
When you choose to reinvest the interest got from an investment,, you have higher chances of getting more and higher interest for bigger and profitable investments.
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During the purchase phase for new skis, larry creates a __________ based on his skiing ability and price.
During the purchase phase for new skis, Larry creates a Consideration set based on his skiing ability and price.
Consideration set
The brands or goods that remain after a person has reduced their options using their own unique screening criteria, such as prior exposure, brand awareness, pricing, and more, are known as a consideration set.The consideration set is crucial because, in increasingly complicated decision circumstances, the choice process is frequently conceptualized as a two-stage sequence, as was covered in Roberts (1989) and Roberts and Nedungadi (1995).To Learn more about Consideration Set, Click the links.
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from the consumer's perspective, which of the following is a postpurchase question? question content area bottom part 1 a. what are the best sources of information to learn more about alternative choices? b. how is the product eventually disposed of? c. what does this purchase say about the consumer? d. what determines whether a consumer will be satisfied with a product? e. is acquiring a product a stressful or pleasant experience?
From the consumer's perspective, an example of a postpurchase question is: b. how is the product eventually disposed of?
What is consumer behavior?Consumer behavior can be defined as the study of the processes that are involved when individuals or groups of people engage in the selection, purchase, use, or disposal of products (goods), ideas, services, or experiences to satisfy their unending needs, requirements and desires.
From the consumer's perspective, we can reasonably infer and logically deduce that an example of a postpurchase question is "how is the product eventually disposed of?" because at this point the product has reached the end of its life cycle.
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A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a _____.
A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a surface of hydrocarbons.
What is a hydrogen bonding?It refers to the interaction involving a hydrogen atom located between a pair of other atoms having a high affinity for electrons, such bond are weaker than an ionic bond or covalent bond but stronger than van der Waals forces.
They can exist between atoms in different molecules or in parts of the same molecule. One atom of the pair such as a fluorine, nitrogen or oxygen atom, is covalently bonded to a hydrogen atom whose electrons it shares unequally.
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Which of the following describe the purpose of the Conceptual Framework? A. It prescribes the nature, function, and limits of financial accounting and reporting.
B. It provides structure and direction to financial accounting and reporting.
C. It sets forth the underlying concepts of accounting that guide the selection of events to be accounted for the measurement of those events, and the means of summarizing and communicating them to interested parties.
D. It summaries U.S. accounting standards.
The conceptual Framework prescribes the nature, function, and limits of financial accounting and reporting. It provides structure and direction to financial accounting and reporting.
What is Financial Accounting?Financial accounting is a particular discipline of accounting that deals with the process of documenting, compiling, and presenting the numerous transactions resulting from corporate operations throughout time.
Financial statements, such as the balance sheet, income statement, and cash flow statement, which track the business' operating performance over a given time period, are prepared using a summary of these activities.
Both the public and private sectors offer job prospects for financial accountants. The responsibilities of a financial accountant may differ from those of a general accountant, who works for himself or herself instead of directly for a business or organization.
The conceptual framework sets forth the underlying concepts of accounting that guide the selection of events to be accounted for the measurement of those events, and the means of summarizing and communicating them to interested parties.
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Describe the five long-term benefits of maintaining integrity in small businesses
Answer:
A stronger reputation
Employee Satisfaction
Stronger Sales
Long Term Outlook
Treat Everyone the same
People with unsatisfied wants and needs who have both the ability and the willingness to buy are?
The market consists of those with unmet needs and wants who are able and willing to purchase things.
ABOUT MARKET
market, a system whereby commodities and services are exchanged as a result of the presence of buyers and sellers in contact with one another, either directly or through institutions or intermediary agents.
In the strictest sense, markets are locations where goods are bought and sold. The market, however, is no longer a physical location in the modern industrial system; rather, it has grown to encompass the entire geographic region in which vendors compete with one another for clients.
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______ business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
Managerial business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
What are managerial business processes?Managerial business processes relate to the management of the resources of the company in order to achieve better manufacturing and sales.
For this reason, these practices will often be semidynamic and semiroutine in order to meet the demands of the business environment at the time.
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