Answer:
Goal congruence refers to the alignment of objectives between agents and principals, or between individuals and the organization as a whole[1]. Several factors can affect goal congruence, including external and internal factors[2]. External factors include societal norms of desirable behavior[2]. Internal factors include organizational design, leadership, morale, efficiency, stability, productivity, and effectiveness[2][3][4]. The Nadler-Tushman Congruence Model suggests that individual tasks, skills, knowledge, and work flow can also impact goal congruence[5]. Overall, goal congruence is influenced by a variety of factors, both internal and external, that can impact the alignment of objectives between individuals and the organization.
The ability of employers to increase their net revenue by paying low wages is limited primarily by
Explanation:
A monopsony is a market condition in which there is only one buyer. Because there is only one buyer for a good or service, the buyer sets the demand, and therefore, controls the price. Monopsonies, like monopolies, are inefficient to a free market, where supply and demand regulate prices to be fair for consumers.
Efficiency wages refer to employers paying higher than the minimum wage to retain skilled workers, increase productivity, or ensure loyalty.
A monopsony is when a firm is the sole purchaser of a good or service whereas a monopoly is when one firm is the sole producer of a good or service. Most examples of monopsony have to do with the purchase of workers' time in the labor market, where a firm is the sole purchaser of a certain kind of labor.
Monopsony power—that is, market power that allows employers to set wages below the marginal revenue product—can arise from several sources. In some localities, there is only one employer of workers in certain occupations, and therefore such workers would have to commute longer distances or move to get a higher wage.
minimum wage laws, labor market competition, and worker productivity and efficiency,which limit the ability of employers to increase their net revenue
Minimum wage laws are regulations that set a minimum amount of compensation that employers must pay to their workers for their services. The primary purpose of minimum wage laws is to protect workers from being exploited by their employers and to ensure that they receive a fair wage that reflects the value of their work.From the perspective of employers, the ability to increase their net revenue by paying low wages is limited by minimum wage laws. When the minimum wage is raised, employers must pay their workers a higher wage, which reduces their net revenue. However, the impact of minimum wage laws on net revenue can vary depending on factors such as the size of the wage increase, the level of competition in the labor market, and the productivity and efficiency of the workers.Overall, minimum wage laws are intended to promote fairness in the labor market and to ensure that workers are able to earn a decent living wage.
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Being an EMT is a full-time job, with many EMTs working 12- or even 24-hour shifts.
A.
True
B.
False
Wendy is a university administrator. What task would she MOST likely be expected to perform?
A.
reviewing and approving grade transcripts
B.
developing advertisements for the university
C.
submitting research to academic journals
D.
teaching students directly in the classroom
As a university administrator, Wendy would most likely be expected to perform tasks related to managing the administrative operations of the university. option b is correct.
These tasks may include overseeing student enrollment and registration, managing student records, developing academic policies and procedures, managing budgets and finances, and coordinating activities and events on the campus. Therefore, out of the given options, to the task that Wendy is most likely to perform is reviewing and the approving grade transcripts, as this is a crucial administrative task that it ensures that students' academic records are accurate and up-to-date. Developing advertisements for the university, submitting research to the academic journals, and teaching students directly in the classroom are tasks typically performed by faculty members and researchers rather than university administrators.
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uppose a gift shop in Myrtle Beach has an annual demand for 15,000 units for a souvenir kitchen magnet that it buys for $0.50 per unit. Assume it costs $10 to place an order and the inventory carrying cost is 25% of the item's unit cost. Use Solver to determine the optimal order quantity if the company wants to minimize the total cost of procuring this item. a. What is the optimal order quantity? If necessary, round your answer to a whole number. 1549 b. What is the total cost associated with this order quantity? If necessary, round your answer to a whole dollar amount. $ c. What are the annual order and annual inventory holding costs for this solution? Round your answers to two decimal places. Ordering cost $ Holding cost $
Economic Order Quantity = sqrt((2 * 15,000 * $10) / ($0.50 * 0.25)) = 774.6, 775 units. Total Cost = (775 * $0.50) + (15,000 / 775 * $10) + (775 / 2 * $0.50 * 0.25) = $2,912.50, Annual Order Cost = Number of Orders * Ordering Cost = 19.35 * $10 = $194, Annual Inventory Holding Cost = Average Inventory Level * Inventory Carrying Cost = 387.5 * $0.125 = $48.44
Total Cost = (Order Quantity * Unit Cost) + (Annual Demand / Order Quantity * Ordering Cost) + (Order Quantity / 2 * Unit Cost * Inventory Carrying Cost), where EOQ = sqrt((2 * Annual Demand * Ordering Cost) / Inventory Carrying Cost), and Total Cost = (Order Quantity * Unit Cost). The sum of the ordering cost per order and the number of orders placed each year yields the yearly order cost. The Economic Order Quantity EOQ model accounts for both the expenses of ordering inventory as well as the costs of retaining inventory (such as storage costs, spoiling costs, and insurance costs). The model assumes that the demand for the product is constant and that it is known with certainty how long it will take to receive an order of the product. The EOQ model can be applied to a variety of goods and sectors, and it is frequently used in supply chain management to optimize inventory levels and lower costs.
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using your research skills, provide a summary of how performance management has changed over time. in your response, address how our changing demographics has impacted this process.
Performance management has evolved over time from a focus on traditional methods of measurement and evaluation to more holistic and continuous approach that emphasizes feedback and development.
What is performance management?Performance management refers to the process of continuously monitoring and evaluating an employee's job performance, providing feedback, setting goals, and developing action plans to improve performance. The goal of performance management is to enhance productivity and ultimately, achieve organizational objectives. The process involves setting expectations and goals for employees, providing regular feedback and coaching, and conducting formal performance evaluations. The evaluation process involves assessing an employee's job performance against pre-established standards and identifying areas for improvement. Performance management can help identify skill gaps, improve communication and collaboration, and recognize top performers. It also plays a critical role in determining employee compensation, promotion, and development opportunities. Effective performance management can contribute to increased employee engagement, retention, and overall business success.
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One famous story of the Buddha is the following.
Many followers are waiting for him to come and teach them. After a long wait, he comes out and says nothing. Rather, he simply picks up a white flower and held it out. What does this mean?
That anything the Buddha can say would be to some extent distortive of what is directly experienced.
That students had to learn to observe little things before they could absorb the profundity of the Buddhas' teachings.
That white flowers capture the essence of enlightenment
That the little white flower was more real than their own self image.
According to most Buddhists, intentions are central in determining what kind of action is performed by an agent.
False. For Buddhists, intentions are not too important for actions.
False. Buddhist do not discuss the role of intentions in actions.
True. Actions are settled by aims, plans, and goals of the agent.
intention.
True. The only thing that matters for an action is the
True, according to buddhists The only thing that matters for an action is the intention
By budhists it is considered that an action's intention shapes its karmic effects and determines whether it was skilled or unskillful. The Buddha asserted that there are three categories of intentions that can drive behavior: good, bad, and neutral intents. Generosity, kindness, and compassion are examples of wholesome intentions, whereas hatred, delusion, and greed are examples of unwholesome goals. Intentions that have neither good karmic effects nor bad karmic effects are considered neutral. The Buddha says that the three types of right intentions are: those of renunciation, good will, and harmlessness.
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ENGINEERING LOUNSMISS A manufacturer purchased and installed a production machine 6 years ago at a cost of $40,000. Since then the machine has been depreciated for tax purposes to a value of $7,000 and it now requires replacement. A new machine will be purchased for $60,000 and the old machine sold to a used equipment dealer for $10,000. Which of the four dollar values above is a book cost, ?
The book cost is the value of an asset as it appears in a company's financial records or accounting books.
How is the Book Cost Derived?Out of the four dollar values provided in the question, only the original purchase price of $40,000 is a book cost. This is because it represents the cost of the machine when it was first acquired and recorded in the company's books.
The other values - $7,000, $60,000, and $10,000 - represent the current tax-depreciated value, the cost of the new machine, and the expected sale price of the old machine respectively. These values may be used in various financial calculations, but they are not book costs.
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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
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If we introduce a new macro in one of the projects, under which category do we raise the change request?
O Process
O Input
O Metric
O Tools and Applications
If a new macro is introduced in a project, the change request should be raised under the "Process" category. option A
What is Process category In project management?In project management, change requests are used to document and track any changes to the project scope, schedule, budget, or resources. Change requests can be initiated by various stakeholders, such as the project team, the project sponsor, or the customer.
The "Process" category typically includes changes related to project management processes, procedures, or guidelines. Introducing a new macro in a project would fall under this category as it involves changing the process or procedure of the project. This change may impact project schedule, resources, or even budget, and hence should be documented as a change request.
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YYY Company’s current stock price is $50.00, its last dividend was $3.20, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if rs is expected to remain at 12%, what is YYY’s expected stock price 5 years from now?
To calculate the expected 5-year share price of Company YYY, we can use the Gordon growth model given by: P = D / (rs - g) where P is the current stock price, D is the dividend, rs is the required rate of return, and g is the dividend growth rate.
First, we need to calculate his current dividend per share (D) paid by company YYY. The previous dividend was $3.20, so we can expect the company to pay the same dividend in the future. Next, we need to calculate the dividend growth rate (g) using the formula: g = (2nd year dividend - 1st year dividend) / 1st year dividend Since the dividend is expected to increase consistently, we can assume that the growth rate is the same each year. Therefore, we can calculate the growth rate using the following formula: g = (2nd Year Dividend / 1st Year Dividend) - 1 Assuming the dividend grows at an annual rate of 5%, the expected dividend for the second year can be calculated as follows: Year 2 Dividend = Year 1 Dividend * (1 + g) = $3.20 * (1 + 0.05)= $3.36 Using these values, we can calculate the expected five-year stock price (P5) as follows: P5 = D * (1 + g)^5 / (rs - g) = $3.20 * (1 + 0.05)^5 / (0.12 - 0.05) = $5.69 / 0.07 = $81.29 Therefore, YYY's expected five-year share price is $81.29.
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Henrico County (suburban Richmond) is in the process of constructing a
17,000-seat arena and convention center that will have accompanying commercial developments, condos, apartments, etc. It is labeled “Green City” and will cost $2.3 billion.Several hundred million dollars of public funds will be used to help pay for the arena portion of the project. (a) Under what circumstances will this investment of public funds pay off for Henrico County? (b) What does empirical evidence on past investments have to say here
(a) Henrico County will benefit from the public investment in the Green City project if it generates improved economic growth and tax income for the county. The project may boost local property values, draw businesses and tourists.
(b) What do empirical findings from prior investments have to say about this?(b) Based on empirical data from prior investments, it appears that the success of a project like Green City is not assured. Public monies have frequently been utilized to support significant development projects, such sports stadiums and convention centres, that in the end fell short of providing the anticipated economic advantages. According to research, the economic impact of these initiatives is sometimes overestimated, with developers and other private interests benefiting disproportionately more than the local population.
For instance, according to a research by economists Victor Matheson and Robert Baade, new sports stadiums and arenas do not significantly increase the local economy or create jobs. "Public subsidies for professional sports facilities are not justifiable on the grounds of local economic development," they declared in their conclusion.
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How is networking most often used to help someone build and exercise resilience?
A.
providing ideas, support, and professional learning opportunities
B.
giving people a leg-up on specific job opportunities or interviews
C.
preventing professional setbacks from occurring for an employee
D.
helping an employee think of their workplace as a sort of family
The correct answer isA. providing ideas, support, and professional learning opportunities.Networking is an effective way to build and exercise resilience by providing ideas, support, and professional learning opportunities.
When individuals network with others in their industry, they are able to learn about new trends and best practices, gain insights into different perspectives and experiences, and receive guidance from mentors and peers. These connections can provide a support system for an individual during difficult times, such as job loss, career changes, or personal challenges. They can also help an individual to identify potential job opportunities and make important professional connections.Networking can also help an individual to develop a strong sense of community and belonging, which can be crucial in building resilience. When an individual feels connected to others in their field, they may be more likely to persevere through difficult situations, as they know they have a support system to rely on.
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What are three reasons why people living in emerging markets might want to follow in china’s economic footsteps? What has china accomplished in recent decades?
Explanation:
Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. These two factors appear to have gone together hand in hand.
China's slow road to economic recovery after dropping its zero-Covid policies. These characteristics make China an emerging market in traditional economic analysis.
China's equity market itself is around a third of the global emerging market index, so an investor who buys an emerging markets equity tracker fund is also invested in China. Chinese economic growth may be the more important emerging market economic growth this year.
China has emerged as a global economic superpower in recent decades. It is not only the world's second largest economy and the largest exporter by value, but it has also been investing in overseas infrastructure and development at a rapid clip as part of its Belt and Road Initiative
what is the answer to two plus two minus three
The answer to 2+2-3 is 1.
Their are 2 methods to solve this.
1st method:
2+2=4 then4-3=1.2nd method:
+2-3=-1 then+2-1=1.2. How should we go about comparing the purported benefits and risks of
so-called terminator seeds?
Farmers' freedom to store and use their own seeds is seriously violated by Terminator. Terminator seeds could contaminate farmers' crops through pollen movement in the first generation.
Why are Terminator seeds a problem?The probability of pollen migration during the first generation of terminator seed cultivation presents an ecological danger. The local seeds would also become sterile as a result, resulting in cross contamination.
What are the seeds for the terminator used for?The "terminator" technique, which is still in its early stages of research, would have permitted agricultural companies to sell farmers GM seeds without allowing them to propagate the crops.
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Assume that you have $500,000 to invest in a franchise opportunity.
y which franchise would you invest in? What would
be the determinants in your selection? Write a plan for your decision which must detail important elements including:-
Detailed Financial Breakout With 5 Year Projections (Real Estate, Start Up Costs, Labor, Fees, etc.)- Franchise Location
Details-Targeted Customer Base- Potential Competitors-Pros and Con
A person can own its own assets and liabilities and entering contracts on behalf of the franchise. Set up of a proprietary limited company to operate a franchise will protect your personal assets.
What does franchise mean?Franchising is based on a marketing idea that a company can use as a strategy for business growth.
In cases where it is used, a franchisor grants a franchisee a licence to utilise all or part of its intellectual property, operating methods, business model, brand, and rights to market and sell its branded goods and services.
In exchange, the franchisee agrees to pay specific fees and adhere to a number of conditions, which are normally outlined in a franchise agreement.
How can we assess the right franchise?Identify your goals-Decide what you want to achieve by investing in a franchise.
Financial Benefit, Personal Fulfillment, or a Combination of Both. Consider your strengths, interests, and values when making decisions.
Exploring Franchise Options-Do thorough research on various franchises that match your goals and interests.
Find out about company reputation, history, financial stability, training and support, and overall growth potential.
It also assesses competition and target customer base to ensure a viable market for the franchise.
Analysis of financial forecasts-Carefully review your franchise's financial breakdown, including formation costs, real-estate costs, labor costs, and other costs.
Analyze five-year forecasts to consider long-term profitability potential. Make sure your franchise's projected income is sufficient to cover your expenses and provide a reasonable return on your investment.
Rate the place-Consider the location of your franchise and whether it is in a high traffic area with good visibility and access.
Evaluate local demographics to determine if your target customer base is available. Consider the pros and cons.
We evaluate the strengths and weaknesses of each franchise opportunity based on the research and analysis we have conducted.
Consider factors such as level of competition, level of training and support, and overall likelihood of success.
Get expert advice- Get advice from financial advisors, franchise attorneys and other professionals to help you make informed decisions.
These professionals can provide valuable insight and guidance throughout the investment process.
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To avoid plagiarism on a sentence and paragraph level, you should provide in-text references to acknowledge others' ideas. Furthermore, you should document all references appropriately, including (1) direct quotations, (2) paraphrasing, and (3) other instances in which you borrow or reference the ideas of others.
When writing research papers of any kind, correctly recognizing sources of information and ideas is critical. In this exercise, you will evaluate whether various statements are plagiarized or not. For those statements that are plagiarized, you will state whether it is plagiarized for one of four reasons: not acknowledging the source of ideas, not correctly acknowledging direct quotations, not paraphrasing sufficiently, or not correctly acknowledging the source of ideas.
Read the case below and answer the questions that follow.
Assume that you are writing about green hotels and eco-friendly meetings. You have access to the following word-for-word passages from two sources. These passages will be the basis of the exercises.
Stewart, J. (2012). The greening of hotels. New York: Williams-Anderson Group.
Most hotel executives have recognized that the demand for greener hotels has reached a tipping point. They expect a quickly accelerating demand for greening in all dimensions of hotels: energy usage, carbon emission, impact on local environments, and water consumption. As one executive told me, "The current operations model simply won't work any longer. We've got to adapt to shifting demands, and do it within three to five years. Or, we're toast." (from page 14)
Mendez, E. (2011). Marketing eco-friendly meetings. San Francisco: Finch & Sons Publishing.
Our research shows that 20 percent of conference attendees expect eco-friendly meetings. But, that doesn't tell the story, and any convention center, hotel, or other conference host that thinks the demand for green conferences will not become a significant share of the market is delusional. From our research, here are the statistics that matter most: 75 percent of conference planners say their employers demand more eco-friendly meetings to reach CSR initiatives, and 60 percent of conference planners now believe eco-friendly conferences cost less. (from page 3)
Mendez (2011) has conducted research that shows 20 percent of conference attendees expect eco-friendly meetings. She also points out, however, the following statistics that matter most: 75 percent of conference planners say their employers demand more eco-friendly meetings to reach CSR initiatives, and 60 percent of conference planners now believe eco-friendly conferences cost less.
Plagiarized—not paraphrasing sufficiently
Not plagiarized
Plagiarized—not correctly acknowledging direct quotations
Plagiarized—not acknowledging the source of ideas
In the given scenario of plagiarism it is Plagiarized not acknowledging the source of ideas
Check for Plagiarism advises that copying research or quotes might have serious consequences in the academic environment. For plagiarizing, students have been expelled. Professors have lost their jobs. It is frequently simpler to get away with it in business. Although the definition of plagiarism seems straightforward, actually using it is not usually that simple. Few concepts are completely original. It might be challenging to distinguish between simply being inspired by someone else's concept and actually copying it. The line separating legal and illegal uses of copyrighted content is also hazy. While most firms would not have an issue reusing their prior efforts, Bowdoin College claims that it is unethical to use portions of previous papers in a different class.
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Shopping Reading Quiz
QUESTION 3 of 10: Which is NOT a step in researching your purchase?
a) Comparing prices
b). Getting your friends' approval
c) Looking at customer reviews
Od) Trying on apparel
Submit
Getting your friends' approval is NOT a step in researching your purchase
How to research a purchase?Getting your friends' approval is NOT a step in researching your purchase. While getting opinions and recommendations from friends can be helpful, it is not a necessary step in researching a purchase.
The other options, such as comparing prices, looking at customer reviews, and trying on apparel, are all common steps in the purchase research process.
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Tracy is the only outfitter renting stand-up paddle boards at the lake near her cottage and is considered a monopolist. The demand curve for stand-up paddle board rentals is given by P = 75 –0.5Q, and the marginal cost is MC = 2Q. Assume that ATC at the profit-maximizing output is $12.50. Tracy's average profit is:
Tracy being a monopolist, she can set her price above the marginal cost in order to maximize profits., Average profit = Profit per unit x Q = $50.00 x 25 = $1,250.00
Setting marginal revenue (MR) equal to marginal cost (MC) is necessary to determine the quantity that maximizes profits (MC). By calculating the demand equation's derivative with respect to Q and multiplying it by Q, we may determine the MR equation. This results in: When we simplify MR = (75 - Q) - 0.5Q, we get: MR = 75 - 1.5Q When we set MR equal to MC, we obtain: 75 - 1.5Q = 2Q, Q can be solved for to yield: Q = 25 Thus, 25 rentals of stand-up paddle boards is the output level that maximizes profits. We can add this quantity back into the demand equation to determine the price Tracy will charge: Tracy as a monopolist will charge $62.50 for each stand-up paddle board rental since P = 75 - 0.5Q, P = 75 - 0.5(25), and P = $62.50. We can now determine Tracy's average profit. Average profit is computed by deducting price (P) from average total cost (ATC), and multiplying the result by the quantity that maximizes profits (Q). ATC = $12.50 (provided in the question) (given in the question) Profit per unit = P - ATC = $62.50 - $12.50 = $50.00 Average profit = Profit per unit x Q = $50.00 x 25 = $1,250.00 Therefore, Tracy's average profit is $1,250.00.
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Performance-based goals help us achieve specific aims, like passing a test with good grades. In terms of timeframes, which category do MOST performance-based goals fall into?
A.
immediate
B.
short-term
C.
mid-term
D.
long-term
Answer:
Performance-based goals can fall into different timeframes depending on the specific aim and context, but MOST performance-based goals would fall under short-term or long-term categories.
Explanation:
Short-term goals usually have a timeframe of days, weeks, or a few months, while long-term goals have a timeframe of several months, years, or even a lifetime. Examples of short-term performance-based goals include achieving a certain grade on a quiz or exam, mastering a new skill within a few weeks, or improving performance in a specific athletic event within a few months. Examples of long-term performance-based goals might include graduating with honors, becoming an expert in a particular field over several years, or achieving a certain level of proficiency in a sport over a period of several years.Immediate and mid-term performance-based goals could also be relevant in some contexts, such as achieving a certain score on a specific section of a test within a few hours (immediate) or completing a project within a few months (mid-term). However, most performance-based goals tend to fall under short-term or long-term categories.
35 pt
Complete the following sentences.
Most government employees will contribute to a , whereas most industry employees will contribute to a . can open an individual retirement account.
Superannuation. Employees must contribute to a retiree's super fund.
Connie and Darran, the EMTs from the Lessons, are working with a patient. He called 911 about chest pains and difficulty breathing, but when the EMTs arrived the patient said he was feeling fine and the pains had passed. What should Connie and Darran do next?
A.
tell the patient to visit a doctor in the next few days for tests if the problems return
B.
measure the patient’s vital signs while driving to the hospital for tests
C.
stay with the patient for a few minutes to monitor him and then leave if he seems fine
D.
provide the patient with medication to prevent a future heart attack
Connie and Darran provide the patient with medication to prevent a future heart attack. option d is correct.
If the patient called 911 for chest pains and difficulty breathing but no longer has those symptoms when the EMT arrived, Connie and Darran should stay with the patient for a few minutes to monitor him and assess his condition. They should ask him about his medical history, including any prior episodes of chest pain or heart disease. They should also take his vital signs, including blood pressure, pulse rate, respiratory rate, and oxygen saturation level.
Based on their assessment, Connie and Darran should determine whether the patient needs to be transported to a hospital for further evaluation and testing.
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Did anyone do this in edginuity for economics
Done
The image in the question is about the relationship of needs and wants in economics.
Let us fill the blanks in the question-
1. An example of a need is water.
2. An example of a want is expensive cars.
3. If a price of a need goes up people tend to buy about the same amount.
- As the price or cost of a need rises, individuals are likely to continue purchasing roughly the same quantity of the need since it is so vital for survival and doing tasks.
4. If a price of a want goes up people tend to buy lesser than usual.
- Yet, as these demands are not necessary for existence, people are likely to lower their desire for them when the price or cost rises. As a result, the demand for these demands would decline or be lower than usual.
Economics?Economics is the study of scarcity and how it affects how resources are used, how goods and services are produced, how production and welfare evolve through time, and a wide range of other complex issues of vital concern to society.
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Select the correct answer. Ms. Lambert runs a small tax-consulting firm in the heart of Chicago. Her office has several employees from diverse cultures. One of the female employees is shy and remains silent in all business meetings. Ms. Lambert decides to speak to the employee in a one-to-one session. Which skills must Ms. Lambert have to be able to understand the employee and her concerns better? listening skills networking skills reading and writing skills A. B. C. D. presentation skills
Answer:
listening skills
Explanation:
I think this would be your best answer.
What five criteria should be considered when choosing storage equipment and supplies?
Performance-based goals should be set before time-based goals.
A.
True
B.
False
Answer:
А
Explanation:
Because quality is above all, doing something that is not of high quality, there is a risk of getting a refusal or negative feedback.
Therefore, quality is above all, and then comes speed.
Steven just deposited $10,000 in a bank account that has a 12 percent nominal interest rate, and the interest is compounded monthly. Steven also plans to contribute another $10,000 to the account one year (12 months) from now and another $20,000 to the account two years from now. How much will be in the account three years (36 months) from now?
After 36 months, the account will have a balance of almost $49,760.89.
What will the balance be in the account in three years (or 36 months)?We can utilize the compound interest formula to find a solution to this issue:
A = P * (r/n + 1)(n*t)
where A is the total sum
P equals the principal sum (the initial deposit)
r is equal to the nominal yearly interest rate (as a decimal)
n represents how many times the interest is compounded annually.
T is the current time (in years)
Applying this formula, the balance in the account after 36 months can be determined as follows:
Within the first 12 months:
A1 = 10,000 * (1 + 0.12/12)^(12*1) = 11,268.25
Steven will put $10,000 to the account after the first year, making the new principal for the following year:
P2 = 10,000 + 11,268.25 = 21,268.25
12 months into the second year:
A2 = 21,268.25 * (1 + 0.12/12)^(12*1) = 24,015.41
Steven will deposit $20,000 to the account after the second year, making the new principal for the third year:
P3 = 20,000 + 24,015.41 = 44,015.41
Three years and twelve months later:
A3 = 44,015.41 * (1 + 0.12/12)^(12*1) = 49,760.89.
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Deflation tends to occur when:
1) the buying power of money in terms of goods and services increases.
2) the buying power of money in terms of goods and services decreases.
3) the spending power of money in terms of goods and services increases.
4) the spending power of money in terms of goods and services decreases.
Please give the answer, and explain what the difference is between spending power and buying power. Thanks!!
Imagine you’re creating an academic plan to help you become a chef. How would setting SMART goals help you?
A.
help you evaluate the ethics of your goal
B.
help you create a system to review your goals
C.
help you think about the impact of your goals
D.
help increase the chance of achieving your goal
The correct option is D. Setting SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goals can help increase the chances of achieving your goal of becoming a chef.
Setting specific goals will help you focus on the exact skills and knowledge you need to develop to become a chef. Measurable goals will allow you to track your progress and see how far you have come towards achieving your goal. Achievable goals will ensure that your goals are realistic and attainable within your current circumstances.Relevant goals will help you ensure that your efforts are aligned with your overall career aspirations and the requirements of the culinary industry. Finally, time-bound goals will help you set deadlines for achieving each of your goals and create a sense of urgency to work towards them.
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A bank offers two interest account plans. Plan A gives you 6% interest compounded annually.
Plan B gives you 13% annual simple interest. You plan to invest $2,000 for the next 4 years.
Which account earns you the most interest (in dollars) after 4 years? How much will you have
earned?
(1 pol
We can use the formula A = P(1 + r/n)^(nt) to calculate the future value (A) of the investment, where P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
For Plan A, P = $2,000, r = 6%, n = 1 (compounded annually), and t = 4. Substituting these values into the formula, we get:
A = 2000(1 + 0.06/1)^(1*4) = $2,494.47
The interest earned is the difference between the future value and the principal amount:
Interest earned = $2,494.47 - $2,000 = $494.47
Plan B:
For Plan B, we can use the formula I = Prt to calculate the interest earned, where P is the principal amount, r is the annual interest rate, t is the number of years, and I is the interest earned.
For Plan B, P = $2,000, r = 13%, and t = 4. Substituting these values into the formula, we get:
I = 2000 * 0.13 * 4 = $1,040
Therefore, the amount earned after 4 years is:
Plan A: $2,494.47
Plan B: $3,040
So, Plan B earns the most interest after 4 years. The amount earned with Plan B is $3,040 - $2,000 = $1,040.