you have recently been hired by delta airlines to work in its strategy division. for each of the following, illustrate how delta's supply curve for airline flights will be affected by shifting the accompanying graphs.

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Answer 1

Delta's supply curve for airline flights will be affected because there is a shift to the right which is an increase in supply.

Explain the term supply with reference to business.

The term "supply" refers to the overall quantity of a certain commodity that is made available to the market for consumption.Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.The supply is graphically represented, and the supply curve, which is represented as an upward-sloping line, maps the link between price and quantity.Market demand, financial limitations, customer preferences, and governmental policy all affect supply.Despite the fact that there are different forms of supply, supply is frequently divided into short-term and long-term supply.

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to determine whether employees at site x have higher salaries, on average, than employees at site y of the same company do, independent random samples of salaries were obtained for the two groups. the data are summarized below.

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95% confidence interval for the difference between the two businesses' average employee salaries.

The test statistic is computed by adding the population standard deviations of Companies A and B, dividing by the total of the sample sizes of Companies A and B, and then subtracting the sample means of Companies A and B. The result is then divided by the square root of the variance.

Test statistic is equal to (48 – 43) / (12 + 10) / (72 + 50) = 0.766.

b. The p-value is determined by looking up the value in a t-distribution table with degrees of freedom equal to the sum of the sample sizes minus two using the test statistic. 0.239 is the p-value.

The null hypothesis, according to which there is no distinction in the average wages of the employees at the two companies, cannot be disproved at a=.05.

b. It looks that Company A pays a greater wage. The population mean wage for employees at the two firms differs by an amount that is within the 95% confidence range (3.073, 5.927).

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jake is a salesperson for a car dealership. he has missed his monthly sales quota for march, largely because the car dealership down the street introduced a sales incentive of 0% financing for 36 months and a $1,000 rebate on all new vehicles purchased during the month of march. this illustrates that a problem with evaluating job performance on the basis of results is that the results

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A problem with evaluating job performance on the basis of results is that the results may be heavily influenced by external factors that are beyond the control of the individual.

What is job performance?

Job performance is the amount of work an individual completes in a given amount of time, while meeting the quality expectations set by their employer. It is the result of a combination of factors, including an employee's skills, attitude, experience, training, and work environment. It is important because it helps employers to evaluate the effectiveness of their employees, identify areas for improvement, and reward employees who are performing well. Job performance is also a key factor in career advancement and raises. To ensure good job performance, employers should provide employees with a clear understanding of the job requirements, regular feedback, and development opportunities.

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_____, such as sears, provide more sales assistance because they carry more shopping goods about which customers need information. their increased operating costs result in higher prices.

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Limited service retailers, such as sears, provide more sales assistance because they carry more shopping goods about which customers need information. their increased operating costs result in higher prices.

In a limited service retailer, the buyer requires additional assurances in addition to the things that he purchases. For example, he may require greater credit, better facilities, or guarantee that they can return the material if they do not like it.

A limited service retail business could be a small electronics store. Here, the retail executive pays close attention to the customer and clarifies all of their concerns. They may provide financial incentives in the form of EMIs or consumer loans and, in general, will make your purchase easier.

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The purpose of reports in managerial accounting is to provide special-purpose information for a particular user for a specific decision. (True/False)

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The claim that the goal of reports in managerial accounting is to deliver special-purpose data to a specific user for a particular decision is true.

What function do reports serve in managerial accounting?

These summaries of financial data from accounting records may contain information on transactions, operational costs, the profitability of particular products, and regional sales. Managers can use these reports to make well-informed business decisions.

General-purpose reports or managerial accounting reports?

The guidelines established by the FASB must be followed while producing managerial accounting reports. Reports used for broad purposes are typically financial accounting reports. Reports from financial accounting apply to the corporation as a whole, whereas managerial accounting is more concerned with the organization's divisions.

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Which of the following statements are true of the command-and-control approach to accounting procedures? (Check all that apply.)
There is heavy reliance on social norms.
There is loose control, suggesting high levels of trust.
Controls are administered by formal institutions.
Compliance is gained through rules and sanctions.

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C: "Controls are administered by formal institutions" and D: "Compliance is gained through rules and sanctions" are true statements about the command-and-control approach to accounting procedures.

The command-and-control approach to accounting procedures is characterized by a centralized, top-down management style, with formal institutions administering controls and enforcing compliance through rules and sanctions. This approach focuses on creating a rigid set of rules and procedures to govern behavior and enforce compliance, with little room for deviation or flexibility.

The aim is to ensure consistent and standardized financial reporting, and to minimize the risk of fraud and financial mismanagement. The command-and-control approach can be effective in organizations where there is a high degree of complexity and a need for standardized processes, but it may not be suitable for all organizations and may lead to a lack of innovation and low morale among employees.

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gdp data, the official figures account for barter agreements that take place as part of daily business transactions.

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It is untrue that barter deals that happen as part of regular commercial transactions are taken into consideration in the statistics.

What is the most accurate approach to calculate GDP?

The total amount of money spent during a specific time period by firms, consumers, and the government can be added up to determine GDP. It can also be determined by adding up the total amount of money that each participant in the economy has received. In either scenario, the figure represents an estimate of "nominal GDP."

Which method does India employ to calculate GDP?

India's GDP is computed using two separate techniques, one based on economic activity (at factor cost) and the other on expenditure (at market prices). The factor cost method evaluates the performance of eight distinct industries.

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Help measure the health of the economy by measuring the levels of inflation, disinflation, deflation, and stagflation is ...

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Price indexes can be used to monitor the rates of inflation, disinflation, deflation, and stagflation in order to assess the state of the economy.

What do you mean by Price indexes?

Price indexes are used to measure inflation and deflation, as well as to track movements in the cost of living. Price indexes are based on a base year and compare the current prices of goods and services to those in the base year. They are used by central banks, governments, businesses, and economists to track changes in the price level. Price indexes are also used to compare historical and current prices and to adjust wages, salaries, and other payments for inflation. Price indexes are used to assess the real purchasing power of money, as well as to measure the impact of price changes on the economy.

So, The required answer is Price indexes.

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Over the life of the loan, which of the following loans would continually have a lower principal balance given each loan had the same term, principal amount, and average interest rate? (A) CAM (B) CPM (C) GPM (D) Cannot be determined with this information

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Over the life of the loan, CAM would continually have a lower principal balance given each loan had the same term, principal amount, and average interest rate. Option (A)

You can deduct your mortgage from your current account using a current account mortgage (CAM). Your mortgage debt and current account balance are blended into one sizable, typically negative, number rather than being shown separately. Your interest rate will change in tandem with the rises and falls in the balance in your current account.

Current account mortgages are fairly specialized products, and they are typically only advised if you frequently want to deal with underpayments, holiday payments, and overpayments.

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4) On November 1, 2021, a company receives cash of $6,000 from a customer for services to be provided evenly over the next six months. Deferred revenue is recorded at that time. Which of the following adjusting entries is needed on December 31, 2021? A) Debit Deferred Revenue for $2,000; Credit Cash for $2,000 B) Debit Deferred Revenue for $2,000; Credit Service Revenue for $2,000 C) Debit Deferred Revenue for $6,000; Credit Service Revenue for $6,000 D) Debit Service Revenue for $2,000; Credit Deferred Revenue for $4,000

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Debit Deferred Revenue for $2,000; Credit Cash for $2,000 is the adjusting entry that is needed on December 31, 2021.

What are adjusting entries?

Adjusting entries are journal entries that are used in accounting to place income and expenses on the books according to the time frame in which they actually occurred. At the conclusion of an accounting quarter, they are frequently made. The revenue recognition principle forms the basis for adjusting entries for unearned and accrued revenues under accrual-based accounting. According to accrual accounting's matching concept, revenues and associated costs are recorded during the same accounting period. Adjusting entries for prepayments are needed to account for money that has been received before services or commodities have been delivered. When this money is received, it is initially placed into a prepaid asset account for costs that will be incurred over time or through usage and consumption.

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Read each description and determine which environmental force is being described. Drag your answer to the appropriate spot on the chart. Jeffries Roofing Economic and Legal Blackberry Borders Technological Booksellers Competitive Snap for Seniors Social Walmart Global

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Environmental factors have an impact on daily life and are a significant contributor to the disparities in health that is between various geographic regions.

What is meat by environmental force?

Environmental forces are elements of a company' surroundings that have an impact on its operations. The state of the economy, local politics, consumer spending, and labor force education are a few examples of environmental factors that might have an impact on company.

Environmental elements include air, water, soil, climate, native plants, and landforms. By definition, environmental factors have an impact on daily life and are a significant contributor to the disparities in health that is between various geographic regions.

This company is controlled by one person just for their own gain. It is the simplest type of business structure. Apart from the owners, proprietorships don't exist.

Jefferies Roofing-Economic and LegalBorders Booksellers-TechnologicalBlackberry-CompetitiveSnap for Seniors-SocialWalmart-Global

The complete question is:

Read each description and determine which environmental force is being described. Drag your answer to the appropriate spot on the chart.

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Disney Company has different divisions for theme parks, movies, TV channel, and consumer products. This is an example ofa. Functional departmentalization.b. Geographic departmentalization.c. Product departmentalization.d. Customer departmentalization.

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Theme parks, movies, TV channels, and consumer goods are all divided up into separate divisions of the Disney Company. This serves as an illustration of product departmentalization.

What is the departmentalization of products?

An organisational structure known as departmentalization by product/service creates many departments inside the company based on the types of products or product lines. Every product or product line has a team or department, whose members collectively work to complete the product and boost sales.

Because each product is handled by a distinct department, the fundamental goal of product departmentation is to produce better-quality products. Businesses that produce a variety of goods in huge quantities should use this organisational style.

Under product departmentalization, a separate department is established for a single product or product line, and all relevant departments' operations—such as production, marketing, sales, and personnel—are consolidated under the jurisdiction of the new department.

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the famous thought leader who developed models for creating value and competitive advantage taught in business schools worldwide is _________.

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Michael E. Porter is a renowned thought leader and Bishop William Lawrence University Professor at Harvard Business School.

He is known for his models of creating value and competitive advantage that are taught in business schools worldwide. His most famous models are the Five Forces Analysis, Value Chain Analysis, and Three Generic Strategies.

The Five Forces Analysis is used to analyze the environment of an industry. The Value Chain Analysis identifies activities necessary to create and deliver value to customers. The Three Generic Strategies are low-cost, differentiation, and focus, which are used to define a company’s competitive position.

Porter’s models have become standard tools for strategic management and are used by companies, executives, and governments worldwide. The business community has been greatly impacted by his work.

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The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.

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The correct option is self-directed work groups and virtual teams.

What is post-bureaucratic organization?

According to Heckscher's 1994 article, "Defining the Post-Bureaucratic Type," it is "an organisation where everyone accepts responsibility for the success of the whole" and it is made up of "structures that build informed consensus rather than depending on hierarchy and authority." Post-bureaucratic organisations, on the other hand, disapprove of long-standing interpersonal authority relationships.

For instance, a lot of high-tech businesses split up their workforce into teams that choose how to assign and complete tasks. This question looks at post-bureaucratic organisations (PBO), which are different from multi-divisional or multi-functional structures that put a lot of emphasis on hierarchy and loyalty to superiors.

Self-managed work groups and virtual teams can get around this restriction because teams are not required to be based in the same location and work at the same time.

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Complete question:

The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.

what, for you, is an important principle in your daily life and activities? explain how and in what ways this principle helps you learn from and engage with others in your life. (150 words)

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One important principle in my daily life and activities is to practice active listening. Active listening is the practice of listening to what someone is saying without judgement, interruption, or forming a response in my head.

What is the judgement?

The judgement is the final decision that is made at the end of a court case. It is the legal determination of the rights and duties of the parties involved and is based on the facts presented, the applicable law, and other relevant considerations. The judgement may be a verdict of guilty or not guilty, a finding of liability or no liability, or a full or partial award of damages. The judgement is a formal process that is issued by the court and is binding on all parties involved. It is the ultimate conclusion of the case and will determine the outcome of the dispute.

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which of the following are assumptions of the capital asset pricing model (capm)? check all that apply. investors have homogeneus expextations investors can borrow an unlimited amount at a risk-free rate there are no taxes expected returns are based on individual investor risk sensitivity

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The assumptions of the Capital Asset Pricing Model (CAPM) are:

1)Investors have homogeneous expectations

2)Investors can borrow an unlimited amount at a risk-free rate

3)There are no taxes

Investors have homogeneous expectations: This means that all investors have the same expectations about the future performance of a stock.

Investors can borrow an unlimited amount at a risk-free rate: This means that investors can borrow money at a rate that has no risk of default, such as the rate on U.S. Treasury bonds.

There are no taxes: This means that the CAPM model assumes that there are no taxes on returns, so investors will not be affected by any tax implications when investing.

The assumption that "expected returns are based on individual investor risk sensitivity" is not part of the CAPM assumptions.

In summary, the CAPM model assumes that investors have the same expectations about future stock performance, can borrow unlimited amounts at a risk-free rate, and are not impacted by taxes. These assumptions help to simplify the model and make it easier to understand the relationship between risk and return for a given investment.

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FILL IN THE BLANK. Paula owns a gift shop where every item sold is made from recycled products. All of her marketing efforts are aimed at making her target market feel good about purchasing recycled products and helping the environment. The efforts Paula makes to create a certain perception of her products in the eyes of her target market are referred to as _______.

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It is referred to as Positioning. It refers to the place you want your brand or product to have within a particular target market.

Why is positioning in marketing important?

Through brand positioning, you may make it clear to whom you are serving. Additionally, it conveys to your target market the benefits of doing business with you and the distinctive qualities of your goods and services. It helps you defend your pricing strategy. A brand's positioning may be used to justify pricing decisions.

What are the 4Ps of marketing?

The four Ps stand for products, pricing, places, and promotions. They serve as an example of a "marketing mix," which is the range of tools and strategies used by marketers to achieve their marketing objectives.

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which of the following has the highest time value of money at the same interest rate for the same number of payments?

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At the same interest rate and with the same amount of payments, the future value of an annuity payable has the highest time value of money.

An approach to determine how much money a stream of payments will be worth at some future date is to determine the future value of an annuity. The present value of an annuity, on the other hand, calculates how much cash will be needed to provide a series of future payments.

Payments are made in a typical annuity at the conclusion of each predetermined time frame. Payments are made at the start of each period in an annuity payable. You need to know the annuity payment amount, the number of periods, and the expected rate of return in order to calculate the future value of an annuity.

Because annuity-due payments frequently require an extra compounding period, the future value of an annuity due is typically greater than the future value of an annuity.

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a firm's cash flow from investing activities includes: select one: a. cash paid as dividends b. cash received from the rendering of services to customers c. cash received from the sale of a plant asset d. cash paid to retire bonds payable

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The money a corporation makes from the sale of a plant-related asset is included in its cash flow from investment operations.

Which Activities Are Included in Cash Flow from Investing Activities?

Cash flow from investing operations includes capital expenditures, money loans, and the sale of investment securities.

What don't investment activities' cash flows include?

Items to include and exclude when estimating cash flow from investing activities

a. Routine income and cost transactions.

b. Interest fees,

c. Depreciation of capital assets

d. Financed by loan or equity

What three cash flow activities are there?

Operating operations, financing activities, and investing activities make up a cash flow statement.

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which one of the following statements would express a limitation of the simple circular flow model of pure capitalism? which one of the following statements would express a limitation of the simple circular flow model of pure capitalism? it shows the real flows of economic resources but not the money flows. it shows the product market but not the resource market. it shows households but not the flow of goods and services. it shows businesses but not government.

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It demonstrates that the basic circular flow concept of pure capitalism has limitations that only apply to firms and not to the government.

What is suggested by the circular flow model of pure capitalism?

In essence, circular flow shows us how input from and to each sector encourages production, which results in the development of goods and services.

The circular flow model depicts the movement of money in society. Pay is exchanged between employers and employees for things like wages and other forms of compensation. A cycle of money flow that never ends is an economy.

What is pure capitalism, exactly?

Pure capitalism is a free, private economic system that allows voluntary, competing private individuals to freely plan, produce, and trade without interference from the state.

What limitations hold true for the circular flow model?

The model also assumes that there are costs associated with goods, services, and manufacturing inputs, but it makes no effort to explain how these costs are determined or what impact a change in costs would have on the flows.

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Domestic producers of a good become better off, and domestic consumers of a good become worse off, when a country begins allowing international trade in that good andthe country becomes an importer of the good as a result.the world price exceeds the domestic price of the good that prevailed before international trade was allowed.other countries have a comparative advantage, relative to the country in question, in producing the good.total surplus does not change as a result.

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The Stolper-Samuelson theorem, which argues that domestic consumers of a good grow better off, while domestic producers of a good become worse off, describes this circumstance.

when a nation starts to permit international commerce in that product and, as a result, becomes an importer of the product. This is due to the fact that the world price of the item, which is lower than the domestic price prior to international commerce, raises domestic customers' buying power and lowers domestic producers' profit margins. According to the theory, the rise in consumer surplus offsets the decline in production surplus, hence the overall surplus is unaffected by international trade. Domestic producers are businesses or people who create products for domestic consumption inside the boundaries of a nation.

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when a firm accomplishes a successful marketing strategy, it can lead to blank . (check all that apply.)multiple select question.stronger brandshigher profitslower market sharedecreased profitabilitylarger market share

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A company's brand can get stronger, earnings can increase, and market share can increase as a result of a good marketing strategy. A company's brand, earnings, and market share can increase as a result of a good marketing plan.

A corporation might experience a variety of results when its marketing strategy is successful. The results comprise: Stronger brand - An effective  marketing strategy may work to boost consumer loyalty and brand awareness, which can result in a stronger brand. Better profits - A company may boost sales and income, which will result in higher profits, by successfully targeting customers and advertising its goods or services. Greater market share – If a marketing plan is effective in luring in new clients, it may lead to a rise in market share. It's crucial to remember that a powerful marketing plan does not automatically equate to reduced market share or profitability. In some circumstances, rising marketing costs or shifting market dynamics might cancel out the advantages of an effective marketing plan.

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The organization of the Girl Scouts has completed its annual cookie drive. The sales are reported in the accompanying ogive.Approximate the percentage of girls who sold fewer than 90 boxes of cookies.Multiple ChoiceO 75%O 45%O 65%O 55%

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The correct answer is 65%. To determine the percentage of girls who sold fewer than 90 boxes of cookies, we need to find the area under the ogive that corresponds to values less than 90.

An ogive is a graphical representation of cumulative frequency distribution, and it shows the cumulative percentage of data that falls below certain values. The ogive can be used to estimate the proportion of a population that has values less than a certain point.

Based on the ogive, the closest estimate to the percentage of girls who sold fewer than 90 boxes of cookies is 65%. However, without the actual data and scale used in the ogive, it is difficult to determine the exact percentage with certainty. In conclusion, the percentage of girls who sold fewer than 90 boxes of cookies is approximately 65%. This information can be useful for the organization to understand the distribution of cookie sales among its members and make informed decisions about future sales and marketing strategies.

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sara bought a convertible term life insurance policy when she was 25, and would like to convertir now. that she is 35 . if sarah wants the least expensive premium,she would choose

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Convertible insurance policies allow insureds to convert a term policy to a permanent policy and term life is the cheapest form of life insurance.

What Is Convertible Insurance? A type of life insurance known as convertible insurance enables the policyholder to convert a term policy into a whole or universal coverage without once again needing to meet the health requirements.You can change your term policy into a permanent life insurance coverage via a convertible term policy. If you convert term life insurance (with a conversion provision) to permanent coverage, you won't be forced to undergo a medical examination or respond to health-related inquiries.The way a convertible level term policy operates is exactly the same, but it has a clause, or "rider," that allows you to change it later into a permanent life policy. If you choose not to use the conversion option, your protection under the policy will remain unchanged until the term's end.

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in the context of the types of coaches or leaders who help develop others, which of the following teach out of personal conviction, believing in certain ideals and seeing it as a duty to pass on these ideals to others?

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The types of coaches or leaders who help develop others, which teach of personal conviction, believing in certain ideals and seeing it as a duty to pass on these ideals to others are called missionaries.

What do you mean by missionaries?

A missionary is a member of a religious organization who is sent into a community to spread their religion or offer services to the local populace, such as economic growth, education, health care, and social justice. When he sends the disciples into regions and orders them to proclaim the gospel in his name, Jesus Christ is quoted as saying the word in the Latin translation of the Bible. The phrase can relate to any belief or ideology, although it is most frequently used in the context of Christian missions.

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which of the following was the diacritic of connectedness to the social system until the rise of market capitalism, even in advanced societies of the ancient

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The sense of ethnic identity is a gauge of one's sense of ethnic belonging. There are various approaches to assess ethnic identity. Simply asking a responder about their identification with the dominant group and their ethnic group is one way to collect data.

What is the Theory of ethnicity?

Race is merely one of many criteria that determine ethnicity, according to ethnicity theory, which asserts that race is a social category. In addition, "religion, language, 'customs,' nationality, and political identification" are considered. Sociologist Robert E. Park proposed this hypothesis in the 1920s.

Biological essentialism was the preeminent race-related paradigm for more than 100 years prior to the development of this theory.

According to biological essentialism, some races—specifically white Europeans in western interpretations of the paradigm are naturally superior and others specifically non-white races are intrinsically inferior.

This point of view developed as a way to defend the genocidal treatment of Native Americans and the enslavement of African Americans in a nation that was ostensibly established on equality for all people.

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Choose 2 of the statements and identify how internal and external users can use the information from those statements to make decisions 1.income statement 2.owners equity statement 3. Balance Sheet 4. Statement of cash flow

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Internal and external users can make use of the information on 1. income statements, and 3. Balance sheets to :

Budget for the company Invest in the company Figure out how much to loan a company

How can internal and external users use financial statements ?

Management can use the income statement to assess the company's financial performance over a specific period of time, compare it to previous periods, and identify trends. The income statement can provide data on revenue, expenses, and net income.

Investors can use the income statement to evaluate the company's profitability and financial performance, and make decisions about whether to invest in the company's stock. Creditors can use the balance sheet to assess the company's financial position and ability to repay its debts, and make decisions about lending to the company.

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FILL IN THE BLANK _____ Markets include short-term, highly liquid, and relatively low-risk debt instruments, whereas ______ markets include longer term and riskier securities.

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Money Markets include short-term, highly liquid, and relatively low-risk debt instruments, whereas capital markets include longer-term and riskier securities.

What do you call the marketplace where short-term debt instruments are traded?

Trading in short-term debt takes place on the money market. Between governments, businesses, banks, and other financial organizations, there is a continuous flow of cash that is used for borrowing and lending with terms as short as overnight and as long as a year.

Compared to capital markets, which feature longer-term and riskier assets, money markets are more liquid, short-term, and fairly low debt instruments.

Therefore, Bonds and stock trading are both included in the capital market.

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A strategy developed by companies that specifies marketing activities for a specific period of time is known as a _____.
a. marketing plan
b. advertising plan
c. marketing mix
d.sales plan

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An (B) advertising plan is a strategy created by businesses that detail marketing actions for a predetermined time frame.

What is the advertising plan?

A marketing strategy plan lays out how you'll connect with your target market and accomplish your advertising objectives.

We'll list the channels you'll employ, important messaging, and necessary funding in it, as well as all the other components and details you need to implement your advertising strategy.

A marketing plan is a business strategy that specifies marketing activities for a specific time period.

The five components—people (staff), materials (production), equipment (machinery), minutes (time), and money—need to be viewed as assets that the organization has committed to its present marketing plan (Finances).

There are several applications for the model itself.

Therefore, an (B) advertising plan is a strategy created by businesses that detail marketing actions for a predetermined time frame.

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What is the main concern some people have about credit cards and digital
payments?
A. Facial recognition is making credit cards and digital payments
unsafe.
B. Credit cards and digital payments require password protection.
C. Companies can collect information about purchasing habits from
credit cards and digital payments.
D. Credit cards and digital payments allow people to use them
anywhere.

Answers

Companies can collect information about purchasing habits from credit cards and digital payments.

What are digital payments?

A digital payment, often known as an electronic payment, is the exchange of value between payment accounts utilizing a digital device, like a mobile phone, computer, POS, or wireless mobile data or SWIFT.

Customers frequently utilize banking cards—credit, debit, and prepaid cards—to make digital payments. For safe transactions, banking cards have an authentication system in place that uses a pin and a one-time password.

The many types and mechanisms of digital payments that are used often in India are covered in detail in the lines that follow using a bank card. AEPS, USSD, and UPI

More sophisticated digital payment methods are currently growing in popularity. Online payment options, virtual currencies, and electronic transfers all fall under this category.

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FILL THE BLANK kurt is responsible for establishing organization-wide policies and strategies, and making long-term decisions that affect the organization as a whole. kurt would be characterized as a ___ manager.

Answers

Kurt is responsible for establishing organization-wide policies and strategies, and making long-term decisions that affect the organization as a whole. Kurt would be characterized as a top or senior manager.

Is the post of a senior manager a high position?

Usually, the senior-level managers possess the knowledge and expertise that are required to guide supervisors in their roles. Since this position is a level up from the role of a manager, the level of responsibility increases in terms of this position. The title  of senior manager usually follows the manager's background, where they have to oversee their department.

Senior managers' work is to monitor the performance of the staff, improve operational strategies in the organisation, identify the business opportunities, allocate the budgets and resources, set the goals that drive results on increasing the company's revenues and profitability.

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