Why shouldn't you select financial services only on the basis of monetary factors?

Answers

Answer 1

You select financial services only on the basis of monetary factors because some aspects, including convenience and personalized service, could be difficult to quantify in terms of money.

Financial services: what are they?

Financial services can broadly be defined as any activity that has a financial component. The word "financial services" broadly refers to the mobilization and distribution of savings. Therefore, it covers all procedures necessary to convert savings into investments.

Financial services include banking and allied institutions, personal financial planning, investments, real estate, insurance, and the design and supply of financial instruments and advisory services to individuals and corporations.

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Related Questions

If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the:______

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If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the Management fails to take appropriate corrective action.

What is an illegal act?

Acts that are prohibited. Any conduct or set of activities that could result in a sentence of more than one year in prison if prosecuted as a crime are considered illegal acts. This exclusion is applicable regardless of whether criminal charges are brought, whether they are brought and brought to trial, or whether they result in a conviction or a sentence of imprisonment for a time longer than one year.

It is not necessary to provide proof beyond a reasonable doubt. If the Injury or Sickness was caused by a domestic violence incident or a medical condition (including both physical and mental health conditions), this exclusion does not apply.

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Why is identifying and documenting business rules essential to database design? a. it helps to standardize the company's view of data. b. it can be a communication tool between users and managers.

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Identifying and documenting business rules essential to database design as it helps to standardize the company's view of data.

What is database design?

The arrangement of data in accordance with a database model is known as database design. The designer decides the data pieces' relationships with one another. They can start to fit the data to the database model with this knowledge.

The database designer determines what information needs to be saved and how the data items should be related. Producing logical and physical architectural models of the suggested database system is the primary goal of database design in DBMS

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.

When backed by buying power, wants become needs.
a. true
b. false

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False. A “need” is a service or a product that will satisfy the basic requirements of the consumers in a market. A “want” is a request that is directed towards a specific product/service.

A “demand” can be e require defined as some specific product or service which the buyer is willing to buy and has the purchasing power/buying power to pay for.

When backed by buying power, “wants” may become “demands” but they do not become “needs”. Demand can be defined as a human want that is also backed by buying power. A demand may include a basic necessity (such as food) or may also include a luxury item (like an expensive automobile or car). In the latter case, the “want” is a demand but it is not a need or necessity.

Therefore, when a consumer wants something, it may not become his/her need even when it has the buying power to purchase. Buying power is the capacity of a consumer to purchase a service or a product. It can also be defined as the amount of money that a group or a person has available for making an expenditure or a purchase.

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The performance levels of radically new 'high-tech' products usually improve with newer versions. such types of products are known as?

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The performance levels of radically new 'high-tech' products usually improve with newer versions. such types of products are known as Disruptive innovations.

What are current disruptive innovations?

3D printing tops the list of the most revolutionary technologies to emerge in 2022. improved connectivity thanks to 5G. both machine learning and artificial intelligence.

What is a disruptive invention, exactly?

Contrary to "disruptive technology," which refers to the technology itself, "disruptive innovation" refers to the use of technology that upends a system. A prime example of a disruptive invention is Amazon, which debuted as an online bookshop in the middle of the 1990s.

Is Netflix a disruptive innovation?

An established market was disrupted by Netflix using a new business strategy and technology, a prime example of disruptive innovation. It began by providing a DVD rental by mail service and later introduced its online, paid movie streaming service.

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According to the text, the most important goal of monetary policyloading... is thought to be:_________
a. low interest rates
b. eliminating deflation
c. price stability
d. high economic growth rates

Answers

Answer 1. Ukrainian girls are silly. 2. Americans silly and fat

3. Cuz I'm living in Great Russian

Explanation:

The actual number of dollars received in exchange for the different resources available in the economy is:_______

Answers

'The actual number of dollars received in exchange for the different resources available in the economy is nominal income.

What is economy?

An economy is an area of the production, distribution and trade, as well as consumption of commodities and services. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and outward manifestations connected to the production, utilization, and management of limited resources. ' The wealth that a nation generates from business and industry is that nation's economy. Over 10% yearly growth was seen in the Japanese economy. 3. a noncount noun. Use as little time, money, or other resources as necessary to complete a task in order to avoid wasting any of them..

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Organizational change is the process by which organizations move from their current or present state to some desired future state to ________.

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Organizational change is the process by which organizations move from their current or present state to some desired future state to increase their effectiveness.

When a firm or business changes a key aspect of its structure, such as its culture, the operational technology or infrastructure it utilizes, or its internal procedures, this is referred to as organizational transformation.Examples of organizational change include transitioning from traditional retail to online shopping, completely redesigning the website, establishing a new department, or moving from a silo structure to a matrix. Between these two extremes are a lot of workplace change examples. They are slow and progressive.

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Prepaid expenses should be ______ by the cost of the asset used during the accounting period.

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Prepaid expenses should be decreased by the cost of the asset used during the accounting period. Prepaid expenses are those that have been paid for in advance but have not yet been recognized as an expense by a business. In other words, prepaid expenses are outlays that are made during one accounting period but won't be recorded until a subsequent one.

Because they will have future economic benefits, prepaid expenses are originally recorded as assets and are expensed when those benefits are realized (the matching principle). Financial statements of a corporation are unaffected by the initial journal entry for a prepaid expense. Consider the first illustration of prepaid rent. Prepaid rent and cash are both debited in the initial journal entry for prepaid rent.

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Which grand strategy is more likely to support long-term deployments of american troops overseas?
a. isolationism
b. offshore balancing
c. selective engagement

Answers

Grand strategy is more likely to support long-term deployments of American troops overseas selective engagement, Therefore, the correct option is C

What is Grand Strategy?
Grand strategy, also known as high strategy, is a state's plan on how to employ resources to further and realise national interests. The choice of the principal versus secondary theatres of war, the allocation of resources among the various services, the broad sorts of armaments manufacturing to prioritise, and which international alliances best serve national interests are examples of grand strategy issues. Grand strategy, which has a great deal in common with foreign policy, is largely concerned with how a policy will affect the military. Grand strategy is often directed by the political elite of a nation with advice from the highest ranking military personnel. The creation of a country's grand plan may take several years or even several generations. While the idea that only big powers can have grand plans predominates the grand strategy literature, some academics contend that medium powers and even small states can have grand strategies.

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If a company incorrectly records cash received for services to be provided in the future with a debit to cash and a credit to sales revenue, how will this error affect net income for the current period?.

Answers

The net income will be too high.

What is net income?

Net income is defined as an entity's earnings less expenses, amortization, depreciation and dividends, and taxes for a specific accounting period in both professional accounting.

Therefore,

If a company incorrectly records cash received for services to be provided in the future with a debit to cash and a credit to sales revenue, how will this error affect net income for the current period?.

The net income will be too high.

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Fairlane company. has an roa of 8 percent and a payout ratio of 31 percent. what is its internal growth rate?

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In a condition where Fairline Company has an ROA of 8percent and a payout ratio of 31, its internal growth rate will be computed to approximately percent.

What is the significance of the internal growth rate?

The internal growth rate of a firm can be referred to or considered as the value determined in relation to the Return on Assets and the Dividend Payout Ratio.

Using the information given above as well as the formula, the internal growth rate, or simply IGR, can be computed as,

IGR = ROA x B / 1 – ROA x B

IGR = 0.08×0.31/ 1−0.08*0.31

IGR = 0.0248/0.9752

IGR=0.0254

Therefore, the Internal growth rate would be 0.0254.

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Actual overhead costs may not be proportional to the actual amount of the allocation base used because ______.

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Actual overhead costs may not be proportional to the actual amount of the allocation base used because of 2 Reasons aforementioned.

Many of the real overhead expenses are set.Spending on overhead may not be under control.

In the world of business, a continuing cost of running a company is referred to as overhead or overhead charge. Unlike operating expenditures like as raw material and labour, overheads cannot easily be attributed to or associated with any one revenue unit.

Few of instances of overhead expenses.Rent Insurance.Office equipment.Travel.Advertisement costs.Legal and accounting costs.Wages and salaries.Utility charges

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Financial accounting provides investors with information that should help them to evaluate the:_________

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Financial accounting provides investors with information that should help them to evaluate the Business financial solvency.

Investors take decision while evaluating the financial statements of the company that whether they will receive the adequate return or not.

They measure the risk in investing by evaluating the financial statement.

Because financial statement shows the true and fair view of the company.

Financial statements includes balance sheet, income statement and cash flow.

It tells about company's solvency level, liquidity position, dividend policy and many more. It provides transparency and access to the information of the operations of the company.

By the proper and standard financial accounting investors can company the statements of two companies or more and takes decision accordingly.

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In may, xyz company sold $400,000 worth of goods to customers on credit. in june, $80,000 was collected and in september, $320,000 was collected. how would the accounting equation be affected in june?

Answers

It purchased $80,000 of merchandise on account and collected $50,000 on account from its customers. As a result, the company's total assets would be $680,000.

The Operation of the Expanded Accounting Equation

Analysts may seek a deeper comprehension of the shareholders' equity structure of a company. Stockholders' equity is expanded into the following components in addition to the assets and liabilities that are included in the basic accounting equation:

Capital contributed: This is the money that the founding stockholders gave (also known as paid-in capital).

Beginning retained earnings: Retained earnings are the profits from the prior period that were not distributed to the stockholders.

Revenue is what the business generates as it continues to operate.

Expenses: These are the costs associated with keeping the firm operating.

Dividends: Since these are earnings that are given to the company's stockholders as dividends, they are deducted from the total.

Capital contributions and dividend payments indicate the results of interactions with stockholders.

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Today's companies compete in a:________
a. growingly domestic environment.
b. borderless world.
c. corrupt world.
d. low-context culture.
e. high-context culture.

Answers

The Right Response is Option B

b) Borderless World

Today's companies compete in a borderless world.

The process of contact and integration between individuals, organisations, and governments on a global scale is known as globalisation or globalisation. Since the 18th century, globalisation has increased due to advancements in communications and transportation technologies.What effects has globalisation had?Globalization often lowers the cost of production. This implies that businesses may charge customers less for their products. One important factor that raises the level of life is the average cost of commodities. Additionally, consumers have access to a greater range of items.

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What position can an investor take to hedge a short stock position? a long put b short put c long call d short call

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An investor can hedge a short stock position by establishing a long put option position.

By establishing a long put option position, an investor can hedge their a short stock position by having the ability to sell their stock at a predetermined price. Without having to borrow the stock, short call option positions offer a similar method to short selling. Although short selling might be risky, the risk of a short position can be considerably reduced by using options. The prospect for limitless losses has traditionally been one of the most powerful arguments against short selling. Options provide a means for short sellers to protect their positions and lessen the impact of an unanticipated price increase. The greatest danger of a short position is a rise in the stock's price.

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A _____ is a derivative security that gives the owner the right, but not the obligation, to buy an asset at a fixed price for a specified period of time. group of answer choices

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A call option is a type of derivative investment that grants its owner the right, but not the duty, to purchase an asset for a predetermined amount of time at a fixed price.

A Call Option: What Is It?

Call options are financial agreements that grant the option buyer the right, but not the duty, to purchase a stock, bond, commodity, or other asset or instrument at a defined price within a specified time frame. The term "underlying asset" refers to the stock, bond, or commodity. A call buyer makes money when the value of the underlying asset rises.

A put option, which grants the holder the right to sell the underlying asset at a predetermined price on or before expiration, can be compared to a call option.

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What are reasons why strategic planning may not occur sequentially?

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There are several reasons why strategic planning may not take place in order:

When conducting a situation analysis makes it necessary to update the mission statementWhen there are insufficient resources to allow the execution plan to proceedWhen fresh strategic chances present themselves

Strategic planning is a process carried out by an organization to determine strategy or direction, and make decisions to allocate its resources (including capital and human resources) to achieve this strategy. Strategic planning is a management tool used to manage current conditions to project conditions in the future, so strategic plans are a guide that organizations can use from current conditions to work towards the next 5 to 10 years.

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Megatrends are global trends that are becoming bigger and more widespread. what are some of the biggest megatrends that will affect hrm?

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Megatrends are global trends that are becoming bigger and more widespread.  some of the biggest megatrends that will affect him, All of the other choices are correct.

Global questions require a large number of events to be retrieved at the same time. Including many targets in one question will retrieve more events. Defining a variable outside a function makes it global by default. There is no need to use the global keyword. Use the global keyword to read and write global variables within a function. Using the global keyword outside a function has no effect.

The term global comprehension is related to extensive reading and the term local comprehension is related to intensive reading. It is instructive to elaborate on his two concepts of reading. Global comprehension is understanding a long text as a whole.

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The process whereby a product formerly associated with a specific ethnic group is detached from its roots an?

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The process of de-ethnization is underway.

the required details about de-ethnization is mentioned below

What does de-Ethnicization mean exactly?

Abstract. The "undoing" of societal barriers put in place to protect the authenticity of (alleged) ethnic-cultural heritages is known as de-ethnicization.

The creation of such borders is ethnicization. In any case, developments can be aided by the media.

De-ethnicization is the process of losing one's ethnic identity, devaluing one's culture, and doing away with the accompanying rites, customs, and practices.

Globalization is considered to be one of the main causes that contributed to the birth of this phenomenon since more people are seeking to embrace modernity, enrolling in formal education, embracing mobility, and living in cities.

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If nissan invests in a new plant to manufacture a new car model, it is an example of which corporate financial decision?.

Answers

it is an example of Capital Budgeting

A firm uses the capital budgeting process to identify and assess prospective large-scale costs or investments. These costs and investments include initiatives like constructing a new facility or funding a long-term project. The phrase "investment assessment" refers to the process of evaluating a prospective project's lifetime cash inflows and outflows to evaluate whether the expected returns will be sufficient to achieve the desired benchmark. The management of a company uses capital budgeting as a planning process to determine whether making long-term expenditures (such as buying new machinery, replacing outdated non-current assets, launching a new product line, etc.) is practical and profitable.

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Suppose juan values a slice of pizza at $1.50, but the pizza shop is unwilling to sell a slice of pizza for less than $2.00. these values imply that:________

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Let's say Juan believes a slice of pizza is worth $1.50, but the pizza parlor won't sell one for less than $2.00. These figures suggest that selling Juan a slice of pizza would not be cost-effective for the store.

Calculating a product's or service's price is the process of determining its value. Pricing determines a customer's cost, however, it may or may not be connected to the cost a business incurs when producing a good or service. Price and cost are relative concepts; a cost for one organization may be a price for another.

These figures suggest that selling Juan a slice of pizza would not be cost-effective for the store.


These values imply that: it is not efficient for the shop to sell a slice of pizza to Juan.

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True or false: business professionals who are culturally intelligent believe other cultures can possess different yet valid approaches to business-management practices. true false question.
a. true
b. false

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TRUE: Business professionals who are culturally intelligent believe other cultures can possess different yet valid approaches to business- management practices.

Culturally Intelligent refers to the potential that business is able to manage the different cultures diverse situations and work efficiently with them.

Different business has its own culture and gives great exposure to he other organization. It helps in learning new culture, skills and moreover it will create the personality of the people.

It will also boost the confidence level among the people.

It is very important and beneficial for business management practices as it led to global collaborations, wide market area, proper utilization of resources, interchange of knowledge.

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A key reason that makes npv a superior capital budgeting technique is that it uses _____ instead of ______.
a. profits; cash flows
b. cash flows; profits
c. revenues; costs

Answers

'A key reason that makes up a superior capital budgeting technique is that it uses cash flows instead of profits.

Budgeting is an estimate of income and expenses over a specified future period, used by governments, businesses, and individuals. A budget is basically a financial plan for a defined period (usually one year) and is known to significantly improve the success of financial enterprises.

A business budgeting is a business spending plan based on income and expenses. It helps identify available capital, estimate expenses, and forecast income. A budget helps you plan your business activities and serves as a benchmark for setting financial goals.

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one of your co workers suggests a way you could be more efficient, but you are worried it will make your work unsafe

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One of your co-workers suggests a way you could be more efficient, but you are worried it will make your work unsafe. In such situations we will not follow the advice.

In life, we get a good deal of advice from many people sometimes they feel right to us, and sometimes it doesn't. It should be us who should think about the advice and decide whether to consider it or not based on the consequences that we will further face in life due to it.

The advice given by the coworker here may make a person more efficient but it dangers the work safety of the person. If there will be no job to do then what will someone do about the efficiency. Thus, the better answer would be to say thank you to that person and look forward to another alternative to increase your efficiency.

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Economists reason that the optimal decision is to continue any activity up to the point where the.

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Economists reason that the optimal decision is to continue any activity up to the point where the marginal benefit equals the marginal cost.

What Does Marginal Gain Mean?

A consumer's utmost willingness to pay for an additional commodity or service is known as the marginal benefit. It also refers to the additional pleasure or utility that a customer experiences after purchasing the extra commodity or service. As a consumer consumes more of a good or service, their marginal benefit tends to drop.

The term "marginal revenue" is frequently used in the business world to describe the manufacturers' marginal gain. A marginal benefit, also known as marginal utility, pertains to any additional unit acquired for consumption following the initial unit. The degree of satisfaction a customer has given to the unit being consumed is referred to as utility.

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According to thinking like an economist, economic risk analysis is on firmer ground when it comes to answering what type of question and why?.

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Economic risk analysis, in the opinion of thinking like an economist, is on firmer ground when positive queries, queries involving economic analysis of how certain institutional or policy decisions will affect things.

Evaluation of costs and benefits is essentially what economic analysis includes. In order to facilitate better resource allocation, it begins by evaluating projects according to their economic feasibility. It seeks to assess how a project would affect wellbeing.

Economic analysis aids organizations and their sponsors in weighing the benefits of social interventions against their costs. The optimum way to distribute resources is determined by these comparisons.

A positive question, for instance, might be "Do higher minimum salaries produce greater rates of youth unemployment?"

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Sara owns a ring. she asks tomas, a jeweler, to add a diamond to it. adding the diamond will increase the value of the ring. this is?

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Sara owns a ring. she asks tomas, a jeweler, to add a diamond to it. adding the diamond will increase the value of the ring. this is accession.

A significant aspect of two legal practice areas is accession. In the law of trusts and estates, accession refers to the assets created by a designed asset following the execution of a will. For instance, routine auto repairs become into accessions and meld with the main object.The particular processes that acceding governments must follow in order to join the WTO are referred to as the accession process. These procedures have grown over time, drawing on GATT standards, and were created by the Secretariat in cooperation with WTO Members. The process is driven by the members.The Protocol of Accession of the new member is a Protocol of Accession attached to the Report that declares the country's accession to the WTO Agreement, explains the Schedules, and specifies the timetable for accepting the Protocol and becoming a full member of the WTO.

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One of the biggest non-monetary costs for hospitality customers is ____________.

Answers

One of the biggest non-monetary costs for hospitality customers is time.

What is  non-monetary costs?When a buyer purchases a product, he not only spends money, but also other resources. These are referred to as non-monetary expenses, and they include time, convenience, effort, and psychological costs.Economists have recently come to understand that consumers make other trade-offs in order to receive goods and services in addition to paying a monetary price. As a result, demand is influenced by other expenses in addition to the monetary price. The idea of non-monetary expenses has grown in significance in social marketing.Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service.

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Assume the following sales data for a company: current year $325,000 preceding year 250,000 what is the percentage increase in sales from the preceding year to the current year?

Answers

The difference between last year's and this year's sales in percentage 325000-250000=75000/250000*100

=30%

The required details for sales in given paragraph

By sales, what do you mean?

Any exchange of money for tangible or intangible products, services, or assets between two or more persons is referred to as a sale. Other assets may in some situations be given to a seller.

Why are sales crucial?

Sales are crucial in creating consumer loyalty and trust with businesses. Customers choose to promote your business to friends and family and to post positive reviews of your goods and services online mostly because they have faith in you and value your loyalty.

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In order to control disease transmission, you should wash your hands whether or not you are wearing vinyl or latex gloves. True or false Spondylolisthesis etiology related to arthritic disease of the facet/apophyseal joints is referred to as? When the entire network, including all security devices, is virtualized, this is known as:_________ What is a central idea of the text?A. Blue light from some LEDs can be harmful. B. The International Dark-Sky Association (IDA) isworking to restore dark night skies. C. Excessive artificial light is causing our view of thenight sky to disappear. D. Too much artificial light disrupts animal migrationsand reproduction does someone mind helping me with this? Thank you! If a comparable has one less bathroom than the subject, an adjustment is made by? Luis is paid 245 per week plus a 12.5% commission on all sales over $500.his sales last week were totaled 1,340. What is his total earnings What was Africa's main contribution to the Indian Ocean Trade Route?A. Raw MaterialsB. Elaborate ArtworkC. Ships and Sailors Exercise 1 Draw one line under the simple subject. Draw two lines under the simple predicate. Draw a vertical line (|) between the complete subject and the complete predicate. Rita kicked four goals in her soccer game yesterday. When analyzing the life cycle for a neighborhood, which stage is characterized by equilibrium of supply and demand? The annual real estate tax on a duplex house is $20949 and the owner sells the house after 8 months of the tax year. how much of the annual tax will the seller pay? how much will the buyer pay? paano naapektuhan Ang mga sinaunang tao Ng pagbabago Ng kanilang kapaligiran The number of sellers or competitors in a market is a determinant or shifter of the___curve. Which of the following statements is an expression of climate social responsibility programme implemented by a business Human dna has two types of chromosomes. what are these two types, and how do they differ from each other? would you expect both types to appear in the dna you extracted? Exercise 2 Complete each sentence by writing a verb phrase (main verb and auxiliary verbs) using the verb indicated. Racing __________was becoming her primary interest. (become) What is the measure of Lx?3045x Which theoretical model describes relationships in terms of breadth and depth of self-disclosure? a. reflected appraisal b. self-fulfilling prophecy c. the johari window d. social penetration Which neurotransmitters are most likely in undersupply in someone who is depressed? a. serotonin and norepinephrine b. oxytocin and gaba c. dopamine and andenosine d. ach and histamine e. epinephrine and glutamate