The local taco hut charges the same price for everything on its menu: $3 will buy a taco, burrito, or nachos. you buy the taco and think that if you had not purchased the taco, you would have purchased the burrito. the opportunity cost of the taco is the burrito.
As an example, selecting public transportation to tour to a specific destination through foregoing the choice of touring in a single's own vehicle is a good instance of possible value, due to the fact you end up saving cash that needs to be spent on fuel.
The idea of possible cost is used in choice-making to help people and corporations make better alternatives, in the main by using considering the options. Opportunity costs include the fee and gain of every desire, which can at times be challenging to estimate. Opportunity fees are forward-searching.
The regulation of growing possibility fee is the idea that as you continue to growth manufacturing of one excellent, the possibility price of manufacturing that subsequent unit will increase. This comes about as you reallocate assets to produce one truth that was higher appropriate to provide the original appropriate.
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A low _____ is usually key to a firm’s profitability because acquiring a customer is more expensive than keeping one.
Because it costs more to acquire a new client than to retain an existing one, a company's profitability typically depends on having a low churn rate.
The rate at which consumers stop doing business with a company during a predetermined time period is known as the churn rate, often referred to as the attrition rate. The amount of subscribers that discontinue their subscriptions or do not renew them may also be considered churn.
The more clients who cease making purchases from your company, the greater your churn rate. The more clients you keep, the lower your turnover rate is. Generally speaking, the better is to have a smaller churn rate. The normal business cycle of losing and gaining clients is referred to as customer churn.
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Max weber coined the term ________ to denote the tendency on the part of protestants to work hard and accumulate wealth.
The term "Protestant work ethic" was created by Max Weber to describe the propensity of protestants to put in a lot of effort and amass money.
MEANING
In sociological theory, the Protestant ethic refers to the importance placed on diligence, thrift, and effectiveness in one's worldly calling, which, particularly in the Calvinist view, were considered indicators of a person's election, or everlasting salvation.
In The Protestant Ethic and the Spirit of Capitalism (1904–1955), German sociologist Max Weber argued that the Protestant ethic played a significant role in the economic success of Protestant groups during the early stages of European capitalism. Because worldly success could be perceived as a sign of eternal salvation, it was fervently pursued.
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you gather some data about the use of a surgical checklist in your operating rooms and have an idea for an improvement. at the next month’s meeting, you present the idea to your colleagues.
The most likely outcomes are people will have different reactions; some will support you, others will initially resist you.
What are outcomes?In order to create "events," which are groups of outcomes that satisfy a condition, individual outcomes are grouped together because they may be of little practical significance or there may be an infinite number of them. The culmination of all such events is a sigma-algebra.
An elementary event is one that only has one potential outcome. The event that contains all conceivable results is the sample space of an experiment. A single effect could manifest in a number of different situations.
When the sample space is finite, every subset of the sample space is often an event (that is, all elements of the power set of the sample space are defined as events).
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over the last several decades, the number of manufacturing jobs have decreased in the united states and have increased in other countries, such as mexico. the u.s. also exports goods to mexico. most exports are agricultural products like corn, soybeans, and dairy, but exports also include intellectual property. this information suggests that mexico has a opportunity cost of manufacturing goods relative to the united states. the united states must have a in producing .
This information suggests that Mexico has a lower opportunity cost of manufacturing goods relative to the US. The United States must have a comparative advantage in producing both agricultural products and intellectual property.
What is the opportunity cost of production?The manufacturing jobs are decreasing in the United States and they are increasing in Mexico. This tells us that the Mexicans are exporting manufactured goods to US. A nation would have to export a good if it has lower opportunity cost in creating the good.
What is the comparative advantage?The US would engage in the exportation of agricultural goods and intellectual properties to the Mexicans. Software are a part of intellectual property. It is advised that nations export the goods which they have the comparative advantage in making.
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it takes a barber 10 minutes to serve one customer. note: round your answers to 2 decimal places. what is the capacity of the barber expressed in customers per hour? assuming the demand for the barber is 2 customers per hour, what is the flow rate? assuming the demand for the barber is 2 customers per hour, what is the utilization? assuming the demand for the barber is 2 customers per hour, what is the cycle time?
The capacity of the barber expressed is 6 customers per hour.
The flow rate is 2 customers per hour
The utilization is 33%
The cycle time is 19.8 minutes per customer.
What is Flow rate?Flow rate is the flow that is available for a specified period of time, the flow for a production or customer is determined as per the demand of the service or product.
In the scenario the flow rate is 2 customers per hour. However the capacity of the barber is 6 customers per hour as (60 mins / 10 min per customer).
Utilization is 33% as (flow / Capacity) (2 / 6). This is the total utilized time for the customers available. This represents that only 33% of the capacity of the barber is utilized.
The cycle time is 19.80 minutes per customer if the demand is 2 per hour. (utilization / minutes in an hour) (33% / 60).
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According to the presentation, _____________ systems allow employees to track their performance and receive ongoing feedback.
Answer:
I think it’s a b c I could give you the d later
comprehensive income includes all of the following except group of answer choices interest earned on investments translation adjustments on foreign currency restructuring charges investments by owners.
One thing that comprehensive income does not include is investments by owners.
What goes into comprehensive income?The comprehensive income of a company refers to any income that results from changes in equity in a given period. These include translation adjustments on foreign currency and restructuring charges, as well as interest earned on investments.
It does not however, include any transactions that have to do with investments by the owners. Also, distributions to owners are not included as well.
In conclusion, the comprehensive income section of the balance sheet does not include investments by owners.
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astro turf company recognizes an expense, cost of goods sold, in the period the product is manufactured
The accounting principles violated in the above case are Expense Recognition and Historical Cost.
1) Expense Recognition: According to this principle the expenses should be recognized or recorded or accounted for in the same period as the profits associated with those expenses are recognized. It is also known as Matching Principle.
2) Historical Cost: According to this accounting principle all the assets must be recorded at their historical cost which includes those expenses also which are incurred to install that asset.
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jason went to an automobile dealership to buy a car, and he spent two hours talking to an employee about options. this element of marketing communications is called .
Jason element of marketing communications is called personal selling.
What is personal selling?The term Personal selling is said to be a word that connote the act of face-to-face selling where a single person who is said to be called the salesman tries to influence the customer into purchasing a product.
Note that this is a promotional strategy that is often by the salesperson so that they can uses their skills and abilities to influence sale.
Therefore, based on the above, Jason element of marketing communications is called personal selling.
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the continuously compounded annual rate of return that would increase the value of an investment by 20% in three years is closest to:
The right Response is Option B 6.1%
ln ( 1.20 ) / 3 = 0.0608 or 6.08%
Annual Rate of Return
By dividing the total gain or loss at the end of the year by the initial investment made at the beginning of the year, the annual rate of return is determined. The annual rate of return or nominal annual rate are other names for this approach.How to determine yearly rate of return is as follows:The amount of money you gained or lost at the end of the year ("end of year price" or "EYP") is equal to the original investment you made at the start of the year ("beginning of year price" or "BYP"). ...To calculate the percentage, multiply the value by 100.To Learn more about Annual Rate of Return, Click the links.
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how the behavioral decision-making model was applied in the wcps's decision to shut down its campuses.
The behavioral decision-making model turned into implemented in the wasps' selection to close down its campuses: The selection to shut the north Phoenix vicinity.
Behavioral decision-making is the observation of affective, cognitive, and social processes which humans appoint to become aware of and select alternatives. those procedures are guided with the aid of the values, beliefs, and possibilities of the selection maker, producing a very last desire and swaying conduct.
management specialists have developed a 'behavioral method' that's realistic in step with the call for the situation. This technique is pragmatic and holds the view that a manager is a human being and can not be completely rational due to the fact he is faced with many constraints, troubles, obstacles, and inadequacies.
Behavioral decision-making goals to tricky the factors of judgment and choice behavior in conjunction with great expertise of psychology which helps in enhancing the choice-making conduct of a person.
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Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.
The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.
How does the U.S. economy affect local businesses?The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.
When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.
There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.
In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.
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Purchased goods from Rs 15000 Paying rs 5000 cash and rest by cheque
Purchase A/c Dr 15000
To Cash A/c 5000
To Bank A/c 10000
Purchase is a type of nominal account where all expenses are debited and whenever a payment is made through cash or bank it is always credited as Dr what comes in credit what goes out.
A bank is a monetary organization that accepts deposits from the public and creates a call for deposit even as concurrently making loans. Lending sports can be without delay carried out through the bank or in a roundabout way via capital markets.
A bank is an economic group this is licensed to accept checking and financial savings deposits and make loans. Banks additionally provide related services including person retirement bills (IRAs), certificates of deposit (CDs), foreign exchange, and safe deposit boxes.
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i n this chapter, henry a. (hank) rosso offers his philosophy of fund raising, a philosophy developed over a lifetime of work as a fund raiser, consultant, and teacher. the principles on which he founded the fund raising school in 1974 have stood the test of time and culture. so has his philosophy for fund raising. that is why his original chapter in achieving excellence in fund raising is included in this second edition unaltered and in its entirety. a central theme in hank’s philosophy and in the way he approached his work was that "fund raising is the servant of philanthropy." he opened and closed the first chapter of his book with that theme. fund raising is not an end in itself. when it becomes that, b
When it becomes that, both the organization and philanthropy are decreased. Raising support, in Hank's view, was just a necessary evil that laid on hierarchical mission. The points of support that help Hank's focal topic are as significant today as they were in 1991.
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Read carefully from the passage 2.
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lupe is ready to open a checking account.what does she need to have when she goes to the bank? check all that apply.identificationher most recent bank statementher social security numberproof that she is a studentproof of her addressmoney to deposit
Lupe is ready to open a checking account. She needs her
identification , her Social Security number , proof of her address , money to deposit.
Identification is a mental procedure wherein the character assimilates an element, assets, or characteristic of the alternative and is converted utterly or partly by the model that different provides. It's far with the aid of a chain of identifications that the personality is constituted and distinct.
What's the example of Identification?
The definition of Identification is the record along with your photo and personal records. A driver's license is an instance of identity.
What's specify identification?
The specific identification technique pertains to inventory valuation, especially retaining music of every particular object in inventory and assigning costs individually as opposed to grouping objects together. It's miles useful and usable when a organization is able to identify, mark, and tune every item or unit in its stock.
What are the two forms of private identification?
(1) The varieties of non-public identity documents are as follows: 1) an identification card; 2) a passport.
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which step in the decision-making process would help you in deciding how much money you want to make at work?
Selection is the step in decision making process that helps in deciding money one want to make at work.
As before switching a work or joining a new work a person always see the perks , payment and the benefits available to them. The decision making process helps one person to choose the best from the various options and alternatives available to them.
The decision making process is the most important of all the things one is interested and invested in which helps the person to make the process much easier to decide what one wants in their way to come.
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now that there is so much information easily available on the internet, it is not uncommon for individuals to copy skills from resume templates to make themselves look more attractive to a recruiter. knowing this, davis recruiting has created a test to see if what is on the candidate’s application are real skills that the candidate has. davis recruiting is testing validity.
Davis recruiting is testing content validity. Thus, option D is correct.
What is recruiting?The practice of constantly pursuing, locating, and employing individuals for a certain post or career is known as recruitment.
The complete employer brand, beginning with the initial stages of the volunteer's incorporation into the business, is covered by the term recruiting.
Examining content validity determines that it is comprehensively reflective of the concept.
This is to make sure that their test that will be taken online shall consist of every data and all the subjects. Therefore, option D is the correct option.
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The question is incomplete, the complete question is:
criterion-related
predictive
concurrent
content
probabilistic
puritan apparels is a clothing retailer. unit costs associated with one of its products, product ahf 130, are as follows:follows: direct materials $110 direct manufacturing labor 90 variable manufacturing overhead 45 fixed manufacturing overhead 33 sales commissions (2% of sales) 10 administrative salaries 28 total $316 what are the variable manufacturing costs per unit associated with product ahf 130?
The variable manufacturing cost per unit associated with product agf 130 is $ 11.
Variable production references the tendency for versions to arise in the prices of related manufacturing. In different phrases, the fee for producing a product isn't always solid. Variable production overhead costs range based totally on how much the organization produces. Examples of variable production overhead include production device substances, replacement system components, and manufacturing facility manager manufacturing bonuses.
Wages paid to the manufacturing facility labor are costs that can be at once proportional to the level of production. If 0 output is being produced then these charges do now not must be incurred. those expenses range with the level of output produced. consequently, they may be classified as variable fees. constant fees include various oblique prices and glued manufacturing overhead prices. Variable costs include direct exertions, direct substances, and variable overhead.
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the amount each resident would be willing to pay for the socially efficient level of planter boxes equals
The amount each resident will be willing to pay for the socially efficient level of planter boxes equals $0.50. Thus, option C is correct.
What is demand?Demand can be defined as the product or service that the customer is willing to pay for.
The aggregate demand
P= 10-0.5Q
P (10~0-59) P = 5000 - 25069
= 500
Marginal Cost = 250
At equilibrium MC will be
5000 -2509 = 250
4750/250
= 19
Substituting Into equation (i)
P = 500 (10-05 (19)) р = 250
Aggregate price = 250
Individual price = Agg price Number of years
= 250/500
= 1 /0.5
= 0.50
The amount each resident will be willing to pay equals $0.50. Therefore, option C is the correct option.
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The question is incomplete, the complete question will be:
A small town has 500 year round residents, all of whom enjoy flowers planted on its main avenue. Each resident has an inverse demand of
P= 10-0.5Q
If the marginal cost of planting flowers is equal $250 per planter box, the amount each resident will be willing to pay for the socially efficient level of planter boxes equals,
a. $250
b. $4.75
c. $0.50
d. $9.50
cornel and deanna resolve their dispute over the subsidence of cornel’s real property due to deanna’s excavation for an irrigation pond by having a neutral third party render a binding decision. this is
Cornel and Deanna resolve their dispute over the subsidence of cornel’s real property due to Deanna's excavation for an irrigation pond by having a neutral third party render a binding decision. This is an arbitration.
What is an arbitration?It should be noted that arbitration simply means the form of alternative dispute resolution that has to do with the fact that the courts aren't involved.
Four different types of conflicts can be resolved by arbitration: contractual disputes between management and labor, interests of various parties in negotiations, such as in public sector labor relations, litigation claims resolved through court-annexed programs, and community disputes resolved.
In this case, Cornel and Deanna resolve their dispute over the subsidence of cornel’s real property without involving the court.
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ada inc. stopped its production of oral care goods after determining apparel production to be its new primary objective. this is a direct result of the planning process at ada inc.
Ada Inc. stopped its production of oral care goods after determining apparel production to be its new primary objective, which is a direct result of the c. strategic planning process at Ada Inc.
What is the role of strategic planning?Strategic planning provides long-term direction to an organization's decision-makers.
Strategy planning helps the organization's leaders define their vision for the future and to marry their organization's goals and objectives with available and future resources.
The elements captured in strategy planning include the organization's vision, mission, SWOT analysis, core values, goals, objectives, and action plans.
Strategy planning remains a mere planning process until the formulated strategies go through these stages: formulation, implementation, successful outcomes, and evaluation.
Thus, at Ada Inc., there is an ongoing strategic planning process.
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Question Completion with Answer Options:a. tactical
b. research
c. strategic
d. economic
sam borrows money at 8% per year for 2 years. he paid $124 interest. how much did he borrow? group of answer choices a.
Based on the amount of interest that Sam paid, the amount that he borrowed can be found to be $775
What amount did Sam borrow?The $124 that Sam pays for interest represents 8% in two years since he borrowed the money.
This means that the amount per year is:
= 124 / 2
= $62
$62 is 8% of the value that Sam borrowed.
That amount is:
= 62 / 0.08
= $775
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network externalities multiple choice may be indirect. may be direct. may be positive and direct or indirect. may be positive.
Network externalities are of the statements associated with the question are correct. A network externality is nothing but the effect a product has on the user while others use the same product.
A network consists of extra computers which are connected in a good way to percentage assets (along with printers and CDs), change documents, or allow electronic communications. The computers in a community may be linked thru cables, cellphone strains, radio waves, satellites, or infrared light beams.
A community is a set of computers, servers, mainframes, community gadgets, peripherals, or different devices linked to allow information sharing. An instance of a network is the net, which connects thousands and thousands of people all around the globe.
Pc networking refers to interconnected computing devices that may exchange information and percentage resources with each different. These networked gadgets use a device of policies, called communications protocols, to transmit data over bodily or wi-fi technologies.
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during an audit of sydney's pet supplies, a public company, the auditor was not able to gather sufficient appropriate evidence and could not express an opinion on the financial statements. which type of audit report should be issued?
The fact that the auditor was not able to gather sufficient appropriate evidence and could not express an opinion means that the type of audit report that will be issued is a Disclaimer of Opinion.
What is a Disclaimer of Opinion?This is a type of audit report where an auditor says that they are not able to give an opinion on the financial statements of a company.
This can happen for any of several reasons and one of them is that the auditor was not given access to enough evidence and financial statements to to properly express an opinion on the statements involved.
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if 24 million kegs of beer are sold, , which means that: it would be more efficient for society to devote fewer resources to the production of beer. it would be more efficient for society to devote more resources to the production of beer. it would be fairer for society to devote more resources to the production of beer. it would be fairer for society to devote fewer resources to the production of beer. if 8 million kegs of beer are sold, , which means that: it would be more efficient for society to devote fewer resources to the production of beer. it would be fairer for society to devote more resources to the production of beer. it would be fairer for society to devote fewer resources to the production of beer. it would be more efficient for society to devote more resources to the production of beer. the efficient allocation of resources would result in the production of kegs of beer.
Part I - If 8 million kegs of beer are sold, MB surpasses MC, implying: More resources devoted to the manufacturing of beers would be more efficient for society. Hence (Option B) is correct.
This is because when marginal benefit exceeds marginal cost, the benefit earned by producing an additional unit of that product overcomes the expense of producing it. As a result, it is preferable to produce more until MB equals MC.
What is Marginal Benefit?A marginal benefit is a modest but demonstrable benefit that a buyer receives by purchasing an additional unit of an item or service.
As a customer decides to consume more of a single commodity, the marginal benefit typically decreases. Assume a customer orders a ring for her right hand.
Part II -
If 24 million kegs of beer are sold, MC surpasses MB, implying:
It would be more efficient for society if less resources were dedicated to the manufacturing of beverages.
This is because when the marginal cost exceeds the marginal benefit, the benefit from an extra unit of production of that good is less than the cost of production. As a result, it is better to create less until MB equals MC. Hence (Option E) is the correct answer.
Part III -
The best resource allocation would lead to the manufacturing of 16 million kegs of beer.
This is due to the fact that optimal allocation occurs when MB equals MC. And in this scenario, MB = MC happens when 16 million kegs of beer are created.
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Full Question:
See attached images:
how did henry ford affect the automobile industry? he made car production cheaper by improving the assembly line.
Henry ford affects the automobile industry by making car production cheaper by improving the assembly line. Thus the correct option is A.
What is the automobile industry?The automobile industry refers to a segment of business that deals with automobile vehicles and includes, the production and assembly of auto parts and the selling of motor vehicles.
Ford affects the automobile industry by improving its production process with the assembly line and establishing car production cost-effective manner and affordable for everyone.
Therefore, option A is the appropriate answer.
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The incomplete question is
How did Henry Ford affect the automobile industry?
He made car production cheaper by improving the assembly line.
He made car production more expensive by making more luxury cars.
He made car production more expensive by mass-producing vehicles.
He made car production cheaper by using customized parts.
les moore retired as president of goodman snack foods company but is currently on a consulting contract for $61,000 per year for the next 14 years. use appendix b and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. if mr. moore’s opportunity cost (potential return) is 8 percent, what is the present value of his consulting contract?
The present value of his consulting contract is $502,898.46.
Annual payment = $61,000
Opportunity cost = 8%
Number of payments = 14
Present value of payments = $61,000/1.08 + $61,000/[tex]1.08^{2}[/tex] + ... + $61,000/[tex]1.08^{13}[/tex] + $61,000/[tex]1.08^{14}[/tex]
Present value of payments = $61,000 * (1 - [tex](1/1.08)^{14}[/tex]) / 0.08
Present value of payments = $61,000 * 8.244237
Present value of payments = $502,898.46
Therefore, the Present value of payments is $502,898.46.
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity.
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carla lopez deposits $3,400 a year into her retirement account. if these funds have an average earning of 9 percent over the 40 years until her retirement, what will be the value of her retirement account?
The value of her retirement account $1,148,798.8
Annuity table factor
FV = PMT × FV
= $3,400 *337.882 = $1,148,798.8
FV = Future value
PMT = Periodic payment
PV = Present value
The commonly held hypothesis that there is a higher benefit to receiving a sum of money now rather than an identical sum later is known as the time value of money. It could be interpreted as a consequence of the later-developed idea of temporal preference.
When assessing the opportunity costs of spending money instead of saving or investing, the time value of money is one of the considerations taken into account. Whether it is interest on a loan or a bank deposit, it makes up for the depositor or lender's loss of access to their funds.
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data includes information collected from national tv ratings, mystery shopper experiences, and neuromarketing techniques collected for the project at hand.
The technique used for collecting information collected is known as Primary observational. Therefore, Option 3 is the correct choice.
What is Primary observational?
This approach of Primary observational entails going outside and observing while gathering information using your five senses. Anywhere a person establishes a particular set of criteria, features, or characteristics and then examines something for those features or characteristics is where observation is used as a primary research method.
Therefore, The technique used for collecting information collected is known as Primary observational. Option 3 is the correct choice.
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"Your question is incomplete, probably the complete question/missing part is:"
A) Secondary external
B) Secondary internal
C) Primary observational
D) Primary questionnaire
in testing inventory at an audit client in the retail industry, you note that some of the inventory is contracted to be held on consignment. as a result, which financial statement assertion is now relevant?
Rights and obligations Financial statement assertion is now relevant
An obligation is anything that a person must perform because of a duty, a law, or other requirement. A right is an entitlement to have or do something..What is the connection between responsibilities and rights?Rights and Duties always go hand in hand:
If the state grants a citizen the right to life, it also puts a responsibility on him to respect the lives of others and refrain from putting his life in danger. If I have a right to work and make money, I owe it to others to respect their freedom to do the same."The idea of responsibilities is prior to the idea of rights, which is inferior and supplementary to the former.To learn more about Rights and Obligations, Click the links.
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