In the barter system, items are swapped for other goods. When there is a two-fold coincidence of wants, this exchange of products for goods functions well. In the absence of such, a large number of pointless transactions must be made, wasting resources.
The requirement of a twofold coincidence of wishes is one of the drawbacks of the barter system in assessment to trading structures that depend upon cash.
The incapability to make postponed payments, the absence of a general unit of size, the problem of storing products, and the absence of double accident of wishes are other drawbacks of the barter machine.
the lack of a double coincidence of needs in barter is resolved by using cash as a medium of alternate because it separates the acts of sale and buy. Whoever needs your commodities should buy them from you for money, and you should purchase items from every person who desires to promote them for money. the use of cash as a form of change is typical.
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According to one source, how many federal regulatory offenses are there, in addition to 4,000 federal criminal laws and 1,700 state crimes in texas?
The number of federal regulatory offenses are there, in addition to 4,000 federal criminal laws and 1,700 state crimes in Texas is 300,000.
What are federal regulatory offenses?The regulatory offenses can be described as the types of legislations that have been seen and declared to be prohibited by the legislative arm of the United States.
These are established by the departments and the agencies that are in the country. Hence we can say that The number of federal regulatory offenses are there, in addition to 4,000 federal criminal laws and 1,700 state crimes in Texas is 300,000.
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Capital asset pricing theory asserts that portfolio returns are best explained by:_________
Capital asset pricing theory asserts that portfolio returns are best explained by systematic risk.
What is the capital asset pricing theory ?The capital asset pricing theory is a theory that is used to determine the returns on a portfolio. According to the capital asset pricing theory, portfolio return is a function of the beta of a stock, risk free rate and the market premium.
Rp = risk free rate + (beta x market premium).
Where: Rp is the return of the portfolio
Beta is used to measure systematic risk. Systemic risk are the risks that are inherent in an economy and they cannot be diversified away. The higher beta is, the higher the return of the portfolio.
Here are the options:
:A. economic factors.
B.s pecific risk.
C. systematic risk.
D. diversification.
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What is the financial impact on a company when a customer returns a product for a refund?
Since the corporation has previously accumulated for anticipated refunds and returns, there will be no impact on sales revenue.
What is Sales Revenue?Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting.
It is crucial to keep in mind that income is not necessarily the same as money received. Cash may be used to cover a portion of sales revenue, while methods like accounts receivable may be used to cover the remaining portion on credit.
Sales revenue can be represented on the income statement using either the total gross revenue or the total net revenue. All deductions for product returns, the potential for undelivered items, and the cost of bad debts, also known as uncollectible accounts receivables, are included in net revenue.
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Current year taxes are estimated at $2,150. for a september 10 closing, the settlement worksheet entries would be:________
Taxes for the current year are expected at $2,150. The settlement worksheet entries would be positive for a close on September 10.
Taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by tax income.
In economics, taxes fall on whoever bears the cost of the tax, whether this is the taxed entity, such as a business, or the final users of the items produced by the business. Payroll taxes, federal and state income taxes, and sales taxes are just a few of the taxes that need to be taken into account from an accounting standpoint.
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The five product levels add more customer value, and together they constitute a(n)_____
Option (D) customer-value hierarchy is the correct option.
The five product levels add more customer value, and together they constitute a customer-value hierarchy.
What is customer-value hierarchy?The customer-value hierarchy has been used by businesses of all sizes across the nation as a system of values to measure customer satisfaction. Businesses have shifted their focus to a customer satisfaction model in an effort to retain customers and foster some degree of loyalty in a market where consumers have a variety of purchasing options. The customer value hierarchy can be used by businesses as a framework to achieve this goal.
Customer value is the contentment a consumer feels after making a purchase of goods or services relative to what she must give up in order to obtain them. A consumer may consider the time it takes to get a product and their interactions with customer service agents in addition to the price paid when considering value. Customer value, also known as Kotler's five product level model, covers a number of levels and is best understood as a hierarchy, in the opinion of CGMA. This hierarchy establishes the value of services from the standpoint of the buyer in terms of what they expect and do not expect from the purchasing experience.
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The complete question is: " The five product levels add more customer value, and together they constitute a(n) ________.
A) core benefit
B) basic product
C) augmented product
D) customer-value hierarchy
E) expected product "
What accounts for the small price elasticity of demand coefficient (ed) in the lower-right segment of the linear demand curve?
A small percentage change in quantity relative to a large percentage change in price accounts for the small price elasticity of demand coefficient (ed) in the lower-right segment
What is meant of elasticity of demand?
The price elasticity of demand is the stimuli of the quantity demanded to change in the price of a commodity. It is assumed that the consumer's income, tastes, and prices of all other goods are constant. It is measured as a percentage change in the quantity demanded divided by the percentage change in price.
What factors affect elasticity of demand?
Many factors predict the demand elasticity for a product, like price levels, the of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are able to purchase at a lower price.
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Assume an initial equilibrium at d1 and s1 with a price of $1.20 million per machine. if the government places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be:_____.
The price of the new equilibrium will be less than $1.30 million.
What Exactly Is Equilibrium?
Prices stabilize when market supply and demand are equal. Equilibrium refers to this. In general, a surplus or excess lowers prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
When supply and demand balance one another, a state of equilibrium is created.
A market is considered to have attained equilibrium when the supply and demand for a good or service are equal.
Consistent agent conduct, a lack of motivation for agents to change their behavior, and the dynamic nature of equilibrium outcomes are three features of an equilibrium market.
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Companies that observe religious holidays and allow workers to take breaks during the day to observe religious rites understand the ________ barriers that affect international trade.
Companies that commemorate religious holidays and permit workers to take breaks during the day to observe religious rites comprehend the social and cultural barriers that affect international trade.
What is International trade?
International trade is the term for cross-border economic activity. Consumer products like televisions and apparel, capital goods like machinery, raw materials, and food are some of the things that are frequently traded. A need or desire for commodities or services leads to the exchange of capital, goods, and services across international borders or territories. Such trade accounts for a sizable portion of the gross domestic product in most nations.
Social and cultural norms and values serve as the foundation for socio-cultural barriers that are man-made. By limiting access to information sources and provoking unpleasant emotions, they mostly have a detrimental impact on information seeking.
Social barriers, also known as social determinants of health, are factors that affect how people are born, grow, learn, work, and age and can affect how well persons with disabilities function in society. Examples of societal barriers are as follows: Disability significantly lowers the likelihood of employment.
Hence, Companies that commemorate religious holidays and permit workers to take breaks during the day to observe religious rites comprehend the social and cultural barriers that affect international trade.
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When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is:_________
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
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Ben and jerry would not be considered transformational leaders because they did not?
Ben and Jerry would not be considered transformational leaders because they did not change the direction of an existing organization. It is possible that in the process Ben and Jerry were not open to new ideas, did not focus on changing the existing mindset of the team, did not become active listeners and were considered intolerant of the existing risks.
Transformational leadership style is a way for leaders to motivate and empower the people who are their responsibility to work together to realize the company's vision. Transformational leadership is a form of values, beliefs, and needs that include change as a form of new breakthrough.
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Leadership is a reciprocal relationship with others that aims to bring about positive change.
a. true
b. false
False. Leadership is a mutually beneficial interaction with others that tries to effect change for the better.
What is leadership?Being capable of and ready to inspire others is at the core of leadership. The foundation of good leadership is the ability to effectively communicate both original and borrowed ideas to others in a way that piques their interest and motivates them to follow the leader's instructions.
In addition to guiding the actions of others, a leader encourages people to take action. In addition to having the critical thinking abilities to know how to use the resources available to an organization in the most effective way, they must be likable enough to get people to follow their instructions.
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Seller monica is selling her property to harriet. what is monica's primary responsibility at closing?
To deliver marketable title.
What Are Marketable Securities?Marketable securities are readily convertible into cash at a fair price and are regarded as liquid financial assets. Marketable securities are liquid since they typically have maturities of less than a year and little impact on prices from the rates at which they can be bought or sold.
Any unrestricted financial instrument that may be purchased or sold on a public stock exchange or a public bond exchange is referred to as a "marketable security." Therefore, marketable securities are separated into marketable debt securities and marketable equity securities. In addition, marketable securities must have a robust secondary market that enables speedy buy and sell operations and a secondary market that offers investors precise price quotes. Due to marketable securities' great liquidity and reputation as secure investments, the return on these securities is generally low.
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All of the following terms are associated with variable life insurance except: _______
a. permanent
b. cash value
c. policy loan
d. flexible premium
The correct answer is (c) policy loan.
A permanent life insurance policy with an investing component is known as variable life insurance.
What is a variable life insurance policy?
An agreement between you and an insurance provider is a variable life insurance policy. It is meant to fulfill certain insurance requirements, financial purposes, and tax planning aims. It is a policy that distributes a specific sum to your beneficiaries—your family or other people—upon your passing.
What advantages can variable life insurance policies offer?Lifelong coverage and a cash value account are both features of variable life insurance, also known as variable appreciable life insurance. Compared to other permanent life insurance plans, variable life insurance policies have a larger possibility for upside cash earnings.
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In which situations are managers likely to rely on actual, rather than estimated, cost data?
To Evaluate performance and to Prepare financial reports, income statements, managers are likely to rely on actual, rather than estimated, cost data during the financial accounting.
Why do we need 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, financial reports 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 be different from those of a general accountant, who works for himself or herself as opposed to directly for a business or organization.
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All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing.
All manufacturing costs are assigned to units of product and all nonmanufacturing costs exist treated as a period cost under absorption costing.
What is meant by Manufacturing cost?
Manufacturing cost can be considered as the summation of the cost of consumed resources during the production of a product. It can be separated into
direct materials costdirect labor costmanufacturing overhead.It should be noted that All manufacturing costs exist allocated to units of product and all non-manufacturing costs exist treated as a period cost under absorption costing. Total absorption costing is an accounting technique that accounts for all costs associated with producing goods or rendering services. TAC incorporates all manufacturing overheads in addition to the expenses of materials and labor. Each cost centre may have direct or indirect costs.
A managerial accounting technique called absorption cost, sometimes known as absorption cost, incorporates both the variable and fixed overhead costs associated with producing a specific product. Manufacturers may set their product prices since they are aware of the whole cost of production for each unit.
Hence, All manufacturing costs are assigned to units of product and all nonmanufacturing costs exist treated as a period cost under absorption costing.
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Owned by stockholders whose liability is limited to the amount they have invested in the business.
Owned by stockholders is the limited liability that is limited to the amount they have invested in the business. The limited liability company (LLC) is a corporate design that safeguards its proprietors from being by and by sought after for reimbursement of the company's obligations or liabilities.
What is a Limited liability?A limited liability company (LLC) is a business structure in the U.S. that safeguards its proprietors from moral obligation regarding its obligations or liabilities.
Limited liability organizations are cross breed substances that join the qualities of a company with those of an organization or sole ownership. While the limited liability include is like that of an organization, the accessibility of move through tax collection to the individuals from a LLC is an element of an organization instead of a LLC.
Therefore Limited liability organizations are allowed under state rules, and the guidelines overseeing them shift from one state to another.
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The non-financial sectors of u.s. business ________ far more loanable funds than they ________.
The non-financial sectors of u.s. business Demand far more loanable funds than they Supply.
What is the demand and supply?The supply and demand can be described as the economic model of price determination which is been used in the market.
It should be noted that this postulates that in a competitive market, the unit price for a particular good, is required in the market, hence The non-financial sectors of u.s. business Demand far more loanable funds than they Supply.
In conclusion, Demand which an economic term relates to the willingness that the consumers have to purchase goods as well as services which involves the willingness to pay a specific price for them, however the increase in the price of a good or service do decrease the quantity demanded.
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A white house proposal to lower business taxes by increasing tax deductions is an example of:_________
The white house proposal to lower business taxes by increasing tax deductions is an example of a progressive tax system.
A progressive tax system is a tax system that lower business taxes by increasing deductions. In this way more people will be interested to pay the tax as the amount they have to pay is less. The deducted amounts will be increased and that can be used for the welfare of the poorer sections of society.
Lower business taxes can boost business demand by increasing firms' after-tax cash flow. This will allow the company to pay attractive dividends and expand activity, and by making hiring and investing more attractive. If the hiring is more by the companies the unemployment problem reduces. If this is reduced the economy will increase.
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Harry, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, harry should add fertilizer if it costs less than.
harry should add $20 per pound
The method of identifying the advantages and disadvantages of various options by looking at the incremental impact on total revenue and total cost caused by a very modest change in the value or input of each alternative (just one unit). Instead of making decisions based on totals or averages, marginal analysis encourages those that focus on small or gradual changes to resources. Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis. The objective is to ascertain whether the benefits from the change in activity will be great enough to outweigh the costs.
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_____________ of economic activity has been evolving since the birth of economics in 1776.
Visualization of economic activity has been evolving since the birth of economics in 1776.
Visualization is effective because it harnesses the power of the subconscious mind. Visualizing your goals as complete creates a subconscious conflict between what you are visualizing and what you currently have.
Visualization enhances your ability to rest and relax by focusing your mind on more calm and quiet images. Before starting these visualization exercises, make sure your environment is set up comfortably. To relax, remove all distractions such as phones, pets, and TVs.
Creative visualization is a tangible way to use your imagination. It is a cognitive process that consists of forming vivid mental images. When you consciously change the picture, your feelings towards the motif of the picture will change.
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Managers should constantly be on the lookout for ________ to avoid discontent in the workplace.
Managers should constantly be on the lookout for any kind of inequity, perceived or genuine to avoid discontent in the workplace.
A manager can be defined as the person whose roles and responsibility is to plan, lead , coordinate and control the day to day activities or operation of a company so as to achieve smooth operation.
It is of necessity or essentials that managers lookout for any kind of inequity or lack of fairness so as to avoid discontent or dissatisfaction in the workplace.
Therefore Managers should constantly be on the lookout for any kind of inequity, perceived or genuine to avoid discontent in the workplace.
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A component of the general learning model applied to skill development in leadership is?
Leadership involves a variety of significant qualities and is the capacity to consistently influence a group of people. Getting feedback on how well you are using your talents from other people is a part of the general learning paradigm applied to leadership skills. Legal facets of relationships are addressed by the notion of leadership as a partnership.
Leadership concepts are things that leaders take into account when using a particular leadership approach and managing a group of people. These principles are centered on concepts and beliefs about the qualities leaders ought to possess and how they ought to behave in a leadership capacity. Professionals can better grasp what talents and character qualities to cultivate in order to advance in leadership jobs by using leadership principles.
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If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has _____.
If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has raised its prices relative to costs.
What is prices relative to costs?
As you are aware, relative pricing describes how much one thing costs in comparison to another. It is shown as a cost ratio between two commodities or services. To determine a single item's comparable pricing, divide the cost by the cost of another product. Relative pricing, often known as relative cost, describes the price of one item or service in comparison to another at a specific moment. Price fluctuation is the difference between two prices that are offered at about the same time or location.
Therefore,
If a company's common-size income statement shows a lower percentage for cost of goods sold this period compared to last period, the company may be controlling its costs well or it has raised its prices relative to costs.
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When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public issues?
Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.
Describe complexity.
According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.
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Ebitda is often used by decision makers as a substitute for:________
a. gross profit.
b. operating income.
c. contribution margin.
d. manufacturing margin.
The correct answer is (c) Contribution margin.
Ebitda is often used by decision makers as a substitute for: Contribution margin.
How Does Contribution Margin Work?You can present the contribution margin as a gross or per-unit figure. After deducting the variable element of the company's costs, it indicates the additional revenue made for each product or unit sold.
By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The measure, which is often referred to as dollar contribution per unit, shows how much a specific product contributes to the company's overall profit.
It offers a means of demonstrating the potential profitability of a company's offerings and displays the percentage of sales that goes toward paying the fixed costs of the business. Profit is defined as whatever revenue that remains after covering fixed costs.
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Northern university wants to determine the average starting salary for last year's graduates of its college of business. what is the population from which the survey is taken?
All of Northern's College of Business graduates from the previous academic year has begun employment.
What is employment?Employment is a partnership between two people that controls the delivery of compensated labor services. In most cases, based on a contract, one party, the employer, which could be a business, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in exchange for completing prescribed tasks.
Depending on the type of work performed, the industry circumstances in force, and the parties' ability to negotiate, money for labor is received in the form of an annual salary, piecework compensation, or an hourly wage. In some industries, employees may get stock options, bonuses, or gratuities.
Employees may earn benefits in addition to compensation in some jobs. Benefits may include housing, health insurance, and disability insurance. Usually, organizations, legislation, or contracts govern employment.
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Returns on exchange traded funds may come from:___.
i. capital gains.
ii. dividends.
iii. increases in the fund's premium.
iv. decreases in the fund's discount.
Option (i) capital gains and option (ii) dividends are the correct answer.
Returns on Exchange Traded Funds (ETFs) may come from capital gains and dividends.
What are Exchange Traded Funds (ETF)?A mutual fund's operation is quite similar to that of an Exchange Traded Funds (ETFs), a type of pooled investment security. ETFs frequently track a specific industry, index, commodity, or other asset, but unlike mutual funds, they can be purchased or sold on a stock exchange just like regular equities. An ETF can monitor anything, from the price of a single commodity to a big and diverse group of securities. ETFs might even be created to adhere to specific investment philosophies.
ETF share values vary throughout the day as the ETF is bought and sold, unlike mutual funds which only trade once per day after the market closes.
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Riley, a medical assistant, earns $49,000 annually. she decided to move from the emergency department to the pediatrics department for about the same salary. riley has experienced:_____.
Medical assistant Riley makes $49,000 a year. For roughly the same pay, she made the decision to go from the emergency department to the pediatrics department. Riley has been able to move horizontally mobility.
What does horizontal social mobility entail?The process through which people and organizations move up or down a certain social structure, such as a country's, is known as social mobility. It consists of factors related to class, culture, economy, and society. All societies assert that they want their people to be "upwardly mobile," which is a term that refers to people moving up the social scale as their wealth rises, their social position moves up the social scale to the right class, and their cultural advancements advance according to the society's standards.
Since the Declaration of Independence, which affirmed the promise of the "pursuit of happiness" as a component of the egalitarian nature of the new American society the authors aspired to build, the "American Dream" has been a version of vertical social mobility that is ingrained in the American psyche.
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Closing entries move the balances from the ______ accounts into the retained earnings account.
Closing entries transfer the balances from the Temporary accounts into the Retained Earnings account.
What are closing entries?Closing entries journal entries are utilized to empty temporary accounts at the end of a reporting period and share their balances into permanent accounts.
A closing entry is a journal entry created at the end of the accounting period. It concerns shifting data from temporary accounts on the income report to permanent accounts on the balance sheet.
A temporary account is a statement that is closed at the end of every calculation period and starts a new term with a zero balance.
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U.s. census bureau statistics indicate that approximately __________of public relations practitioners are women.
U.S. census bureau statistics indicate that approximately 63.6 percent of public relations practitioners are women.
This is further explained below.
What are public relations practitioners?Generally, The purpose of a practitioner of public relations is to assist individuals and organizations in gaining the approval of the general public.
This is accomplished by providing an explanation of the goals, objectives, and procedures of the company, as well as by building and maintaining a positive image of the organization.
The objective of the United States Census Bureau is to gather and distribute information that is accurate and up-to-date on the people, places, and economy of the United States.
In conclusion, Women make up around 63.6 percent of the workforce in the field of public relations, as shown by statistics published by the United States Census Bureau.
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