One example of a product that was found to be dangerous and did not work as claimed is the Theranos blood-testing device.
Theranos was a healthcare technology company founded by Elizabeth Holmes, and it claimed to have developed a revolutionary blood-testing device that could perform a wide range of tests using only a few drops of blood.
However, investigations later revealed that the company's claims were false, and the device did not produce accurate results. The technology was flawed, and the company had misled investors, doctors, and patients about its capabilities. Theranos' practices raised serious concerns about patient safety and the integrity of medical testing.
In this case, the government played a crucial role in ensuring that the bad business practices of Theranos were addressed. The U.S. Food and Drug Administration (FDA) and the Centers for Medicare and Medicaid Services (CMS) conducted investigations into the company's operations and found numerous regulatory violations and deficiencies. The FDA revoked the company's approval to use its blood-testing device and imposed sanctions, while the CMS banned Elizabeth Holmes from owning or operating a laboratory for a period of two years.
These actions by the government were important in protecting public health and holding the company accountable for its deceptive practices. They highlighted the need for proper regulation and oversight in the healthcare industry to ensure the safety and efficacy of medical devices and services. The Theranos case also underscored the importance of transparency, scientific validation, and adherence to regulatory standards in bringing products to market.
Overall, the government's role in this case was to enforce regulations, investigate fraudulent claims, and impose penalties to safeguard public health and maintain the integrity of the market system.
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hen auditing the revenue and collection cycle, auditors normally select balances to confirm from the
a. Sales journal.
b. Accounts receivable listing.
c. General ledger.
d. Cash receipts listing.
When reviewing revenue and collection cycles, reviewers typically select balances to review from the accounts receivable list.
A receivable list is a compilation of all receivables for which a company sells goods or services on receivables. When a business sells for consideration, the customer receives the goods or services immediately, but can pay later. This list is also called the accounts receivable ledger. The total amount of all accounts receivable is recorded as a current asset on the balance sheet and includes invoices for items or work performed on credit to customers.
Accounts receivable are recorded as debit items on the assets portion of the balance sheet. It is short-term as it is usually a short-term asset and usually he is realized within a year. It refers to books used to keep financial records and other related accounts. So when you look at your accounts receivable ledger, you'll see that each customer's balance is regularly adjusted as more transactions are made.
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how you would ensure the continued functionality of our erp system ?
To ensure the continued functionality of your ERP system, several measures can be taken:
1. Regular Updates and Maintenance: Stay up-to-date with the latest software updates and patches provided by the ERP system vendor.
2. Backup and Disaster Recovery: Implement a robust backup strategy to regularly back up your ERP system's data and configurations.
3. Security Measures: Implement comprehensive security measures to protect your ERP system from unauthorized access, data breaches, and cyber threats. This includes strong access controls, regular security assessments, encryption of sensitive data, and employee training on cybersecurity best practices.
4. Performance Monitoring: Continuously monitor the performance of your ERP system to identify and address any potential bottlenecks or performance issues. This can involve monitoring server resources, network connectivity, and user experience to optimize system performance.
5. User Training and Support: Provide regular training sessions and support to users to ensure they understand how to effectively use the ERP system. This will help maximize user adoption, minimize errors, and optimize the utilization of system features and functionalities.
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What are the major classes of mortgage related securities?
There are three major classes of mortgage related securities: mortgage pass-through securities, collateralized mortgage obligations (CMOs), and mortgage-backed bonds.
Mortgage pass-through securities represent a claim on a pool of mortgages, where the cash flows generated by the mortgages are passed through to the holders of the securities. These securities are issued by government-sponsored entities such as Fannie Mae and Freddie Mac.
CMOs are created by slicing a pool of mortgages into different tranches, each with a unique risk and return profile. The cash flows generated by the mortgages are then distributed to the different tranches based on their priority in the payment hierarchy.
Mortgage-backed bonds are similar to mortgage pass-through securities, but they are issued by private companies rather than government-sponsored entities. These bonds may have different characteristics than mortgage pass-through securities, such as different prepayment risks and credit risk profiles.
Overall, mortgage related securities allow investors to gain exposure to the residential mortgage market and generate cash flow based on the performance of underlying mortgages.
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Assume quantities need not be integers. Your per-period demand for public transportation
trips is M W T P (Qd) = 20 − Qd
2 . You have 2 options.
• Pay $5 for each trip you take.
• Purchase a MetroPass which will allow you to take as many trips as you would like with no
additional payments.
(1) [2 Marks] How many trips do you take per period if you do not purchase a MetroPass?
(2) [2 Marks] How many trips do you take per period if you do purchase a MetroPass?
(3) [5 Marks] What is the most you are willing to pay for a MetroPass?
As per period demand, There will be 3 trips if you take per period if you do not purchase a MetroPass.
If we Purchase a MetroPass which will allow us to take as many trips as we would like with no additional payments.
What are the definition and instances of demand?Demand is the consumer's intention and readiness to purchase a good at a specific price. For instance, if the cost rises, the buyer may hesitate and their propensity to purchase declines.
What is required in everyday life?
Demand drives the total amount of goods or services required to purchase different commodities, whereas supply is the amount of goods and services that businesses will make accessible to customers in order to turn a profit. So everything in our everyday lives, from minor commodities to huge enterprises, is based on supply and demand.
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As per period demand, There will be 3 trips if you take per period if you do not purchase a MetroPass.
If we Purchase a MetroPass which will allow us to take as many trips as we would like with no additional payments.
What are the definition and instances of demand?Demand is the consumer's intention and readiness to purchase a good at a specific price. For instance, if the cost rises, the buyer may hesitate and their propensity to purchase declines.
What is required in everyday life?
Demand drives the total amount of goods or services required to purchase different commodities, whereas supply is the amount of goods and services that businesses will make accessible to customers in order to turn a profit. So everything in our everyday lives, from minor commodities to huge enterprises, is based on supply and demand.
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How can you review a Transaction Report for any account when you are viewing the Balance Sheet?
Select one:
a. Click the balance in the account line of the Balance Sheet report to view the Transaction
Report.
b. Click the Report icon at the top of the Balance Sheet screen, then choose Transaction Report.
c. Click Transaction in the account line of the Balance Sheet report to view the Transaction
Report.
d. None of these options.
The correct option is "Click the balance in the account line of the Balance Sheet report to view the Transaction Report" because when reviewing the Balance Sheet Report, you can easily access the Transaction Report for any account by clicking on the balance in the account line.
When reviewing a Transaction Report for any account while viewing the Balance Sheet, you can simply click on the balance in the account line of the Balance Sheet report. This action will allow you to access the Transaction Report, providing a detailed breakdown of the transactions associated with that specific account.
The Transaction Report is a valuable tool for analyzing the activity within an account, as it provides a chronological list of all the transactions that have occurred. By clicking on the balance in the account line of the Balance Sheet, you can quickly navigate to the Transaction Report and gain insights into the individual transactions that contributed to the account balance.
This option offers a seamless and intuitive way to review the Transaction Report without having to navigate through different menus or screens. It ensures that you have all the necessary information at your fingertips while examining the Balance Sheet.
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Jan Timmer called the top 100 managers of the company together for the first time, which included the Board of Management, Product Division and Country Managers. They decided to benchmark the performance of Philips against their competitors. This involves comparing key indicators against those of other organisations. They were forced to conclude that drastic changes were required as Philips' performance did not measure up to the competition. Comment on the relevance of the three step change process initiated by Philips and evaluate how the company can effectively apply the Kurt Lewin's Change Model to enhance a smooth transition in change interventions.
The three-step change process initiated by Philips, which includes unfreezing, changing, and refreezing, is relevant in addressing the need for drastic changes identified during the benchmarking exercise. By following Kurt Lewin's Change Model, Philips can effectively enhance a smooth transition in change interventions.
Unfreezing is the first step, and it involves creating awareness and preparing employees for the upcoming change. Philips can implement this by communicating the reasons behind the need for change, highlighting the competitive performance gaps, and fostering a sense of urgency among the managers. Open and transparent communication will help employees understand the necessity of change and be more receptive to it.
The changing step is where the actual transition takes place. Philips should provide the managers with the necessary resources, support, and training to adapt to new processes, systems, and strategies. It is crucial to involve the managers in decision-making processes, allowing them to contribute their expertise and empowering them to take ownership of the changes. Regular feedback and continuous communication will help manage any resistance and keep everyone aligned towards the desired outcomes.
Finally, refreezing is about reinforcing the new changes and making them a part of the company's culture and operations. Philips should celebrate successes, recognize employees' efforts, and ensure the changes are integrated into performance metrics and reward systems. By embedding the changes into the organizational structure and practices, Philips can sustain the improvements achieved and prevent any regression to old habits.
Overall, by following the three-step change process and leveraging Kurt Lewin's Change Model, Philips can effectively navigate the transition, minimize resistance, and ensure a smooth and successful implementation of the necessary changes to improve their performance in line with their competitors.
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At the beginning of the year, quaker company's liabilities equal $42,000. during the year, assets increase by $60,000, and at year-end assets equal $190,000. liabilities decrease $12,000 during the year. what are the beginning and ending amounts of equity?
Beginning equity is $88,000 and ending equity is $160,000.
What is beginning and ending equity?
Equity is the difference between assets and liabilities.
Equity = assets - liabilities
Beginning equity = beginning assets - beginning liabilities
(190,000 - 60,000) - 42,000 = $88,000
Ending equity = ending assets - ending liabilities
190,000 - (42,000 - 12,000) = $160,000
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This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and triple bottom line
The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.
When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.
There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.
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Entrepreneurs start a business with the desire to grow the business and generate wealth while start a business that will stay small, allowing them to have a balanced lifestyle and the ability to do the kind of work they want to do.
Which are examples of copyrighted online materials? Check all that apply.
an article from an Internet magazine
lyrics for a song written in the 1800s
photos taken by a student on his blog
a video game that is free for anyone to copy
an illustration sold by an artist on her website
an excerpt from a novel published in 1913
Answer:
a and d
Explanation:
Answer:
A & E
Explanation:
edge test
How believable and authoritative someone is refers to:
OA. credibility and character.
B. the audience and their expectations.
OC. appeals and arguments.
OD. emotions and logic.
According to the question, believable and authoritative someone is refers to credibility and character.
What is authoritative?Authoritative is a type of leadership style where a leader has the final say in decisions and is respected by the team. It involves a leader setting clear goals and expectations and providing instructions on how to complete tasks. The leader is also firm and consistent in enforcing the rules and expectations, and provides guidance and support when needed. This type of leadership is often suited to situations where a leader needs to take a decisive action or make a quick decision. It also works well when a team is working on a specific task that requires discipline and focus. Authoritative leaders are often seen as strong and respected, and their teams are typically well-organized and productive.
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During which process group does the project manager orient team members to the project and expectations
Execution process organization does the undertaking manager orient crew members to the undertaking and expectancies
The executing system refers to any particular point for the duration of the pastime or task as an entire wherein the act of executing takes location, and the predetermined approaches of getting to that factor of accomplishing this action efficiently.
Execution is the phase within the challenge life cycle when the work is performed, and the entirety of the mission plan is positioned into movement. venture Execution is the segment inside the venture lifestyles cycle when the painting is achieved, and the whole lot inside the task plan is put into motion.
On the day of an execution, prison staff check a closed circuit television system and audio device, used to broadcast the execution to witnesses in the prison. other prison bodies of workers visit what's described as "relaxed storage" to retrieve the LICs or deadly injection chemicals.
There are five methods of execution within the united states of America: deadly injection, electrocution, lethal gasoline, hanging, and firing squad.
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Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
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Which factor places this nation in the transitioning category? Multinational corporations operate within its borders. It is shifting from a planned to a free-market economy. It has recently increased trade with Western Europe. It has a rising GDP.
The factor that puts a nation in the transition category is the shift from a planned economy to a free market economy.
What is the free market?It corresponds to an economic principle where the action of market agents is free, with less state intervention, being voluntarily determined by the law of supply and demand.
Therefore, the free market is a factor that marks an economic transition of a nation, by instituting greater relations with other countries, greater investment and economic expansion.
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Answer:
B on edge
If you want the answer faster
How do progressive taxes differ from regressive taxes?.
Answer:
progressive tax takes a larger percentage of income from high-income groups
regressive tax takes a larger percentage of income from low-income groups than from high-income groups.
Explanation:
Consider a first-price sealed-bid auction of an object with two bidders. Each bidder i's valuation of the object is v₁ ≥ 2, which is known to both bidders, i = 1,2. The auction rules are that each player submits a bid in a sealed envelope. The envelopes are then opened, and the bidder who has submitted the highest bid gets the object and pays the auctioneer the amount of his bid. If the bidders submit the same bid, each gets the object with probability 1/2. Bids must be in dollar multiples (assume that the valuations are also). i. Specify bidders payoffs as functions of their valuations and bids. ii. Are any strategies strictly dominated? Are any strategies weakly dominated? Explain. iii. Derive the best response correspondences for each player. iv. Is there a Nash equilibrium (in pure strategies)? If yes, what is it? Is it unique? Carefully explain all your answers.
i. The bidder's payoff can be defined as follows: If a bidder wins the auction by submitting the highest bid, their payoff is equal to their valuation minus the amount of their bid.
If a bidder loses the auction, their payoff is zero.
ii. In this auction setup, no strategies are strictly dominated, meaning that no strategy is always inferior to another strategy regardless of the other player's actions. However, there is a weakly dominated strategy.
For both bidders, submitting a bid equal to their valuation, i.e., v₁ for bidder 1 and v₂ for bidder 2, is a weakly dominated strategy. This is because if both bidders submit the same bid, they have a 50% chance of winning the object. By bidding slightly higher than their valuation, they can increase their chances of winning without increasing their payment.
iii. The best response correspondences for each player depend on the other player's bid. If the opponent bids b, the best response for a player with valuation v is to bid v if v > b and v - ε if v = b, where ε is a small positive increment. This ensures a higher chance of winning without unnecessarily increasing the bid.
iv. Yes, there is a Nash equilibrium in pure strategies. In this case, the Nash equilibrium is when both bidders submit a bid equal to their valuation (v₁ and v₂, respectively). At this equilibrium, neither player has an incentive to deviate from their strategy because if they do, they would have a lower chance of winning the object or would have to pay more for it. This equilibrium is unique because there is no other combination of bids that is mutually optimal for both players.
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What is an appropriate response when an interviewer asks what salary you are looking for
during your initial interview? Would the response change if you'd been given an offer?
T/F. the industry encompassing meetings, conventions, expositions, and incentives contributed more than $400 billion impact to the u.s. economy..
The industry encompassing meetings, conventions, expositions, and incentives contributed more than $400 billion impact to the u.s. economy.is True.
The industry encompassing meetings, conventions, expositions, and incentives did contribute more than $400 billion impact to the U.S. economy. In fact, according to the latest report by the Events Industry Council (EIC), this industry contributed $621.4 billion in direct and indirect spending, as well as supporting 5.9 million jobs in the U.S.
This includes spending on event planning and production, accommodations, food and beverage, transportation, and other related services. The meetings and events industry is an important contributor to the U.S. economy, particularly in terms of job creation and economic growth. With the COVID-19 pandemic causing major disruptions to the industry, it is crucial to support the recovery efforts to ensure that it can continue to make significant contributions to the economy in the future.
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Who would win Hawk Eye (Marvel) or The Green Arrow (DC)
Answer:
Buff animal crossing.
Explanation:
Answer:
Green Arrow
Explanation:
A couple wants to buy curtains for their living room. While they're searching for options online, they get a phone call from a friend who
recommends a particular brand. Which stage of the buying decision process is this?
Answer:
information search
Explanation:
They're searching for information from their friend
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Which of the following is not an ethical decision-making model?A.Laura Nash model.B.Spiral model.C.Mary Guy model.D.IFAC model.
The IFAC model is not an ethical decision-making model. The correct option is D. It is the International Federation of Accountants. It is not an ethical decision-making model; instead, it is an organization that establishes international accounting standards.
Explanation:
Ethics and decision-making models are a necessary aspect of organizations. Organizations have different ethical decision-making models that guide ethical behavior among employees. Ethical models act as decision-making guides to the employees to make ethical decisions.In the case of IFAC, it is the International Federation of Accountants. It is not an ethical decision-making model; instead, it is an organization that establishes international accounting standards. Each model has its unique features, but they all have the same goal to guide employees in making ethical decisions. For instance, the Laura Nash model highlights twelve questions that guide individuals towards ethical decision-making, the spiral model guides the individuals to a common understanding of the ethical dilemma, and the Mary Guy model provides eight steps that guide individuals in making ethical decisions.
Thus, IFAC is not an ethical decision-making model, making option D the correct answer.
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As the capital stock grows and technology improves, we would expect the long-run aggregate supply curve to
As the capital stock grows and technology improves, we would expect the long-run aggregate supply curve to shift to the right.
This means that the economy is able to produce more output at every price level. The increase in capital stock and technological advancements lead to an increase in productivity and efficiency, allowing firms to produce more output with the same amount of resources.
This results in lower costs of production, which encourages firms to supply more output at each price level. Therefore, the long-run aggregate supply curve shifts to the right, indicating an increase in potential output in the economy.
However, this does not mean that actual output will always reach the potential output level, as other factors such as aggregate demand can affect the level of actual output produced.
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what are the top three industries that employ this career
According to the Bureau of Labor Statistics (BLS), the top three industries that employ credit analysts are: Banking, Finance and insurance and Credit rating agencies.
Banking
Credit analysts in the banking industry assess the creditworthiness of individuals and businesses to determine whether they qualify for loans. They also monitor borrowers' credit histories to ensure that they are making their payments on time.
The BLS projects that employment of credit analysts in the banking industry will grow 9% from 2020 to 2030, about as fast as the average for all occupations. This growth is expected to be driven by the increasing demand for credit from individuals and businesses.
Finance and insurance
Credit analysts in the finance and insurance industry assess the creditworthiness of companies and government entities to determine whether they qualify for bonds or other forms of debt financing. They also monitor the financial health of these borrowers to ensure that they are able to repay their debts.
The BLS projects that employment of credit analysts in the finance and insurance industry will grow 7% from 2020 to 2030, about as fast as the average for all occupations. This growth is expected to be driven by the increasing demand for credit from companies and government entities.
Credit rating agencies
Credit analysts at credit rating agencies assign ratings to debt securities, such as bonds and stocks. These ratings are used by investors to assess the riskiness of these investments.
The BLS projects that employment of credit analysts at credit rating agencies will grow 6% from 2020 to 2030, about as fast as the average for all occupations. This growth is expected to be driven by the increasing demand for credit ratings from investors.
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Darin was promoted, but it meant leaving the bustling city life he loved and moving to a different state in a quiet part of the country. It would also mean that his wife will have to leave her present job and search for a new job. Darin's reluctance best exemplifies the:
A. avoid-avoid inner conflict.B. approach-avoid inner conflict.C. approach-approach inner conflict.D. irrational belief system.
Reluctance is the unwillingness or hesitation to perform or do some task. His reluctance best exemplifies avoid-avoid inner conflict.
What is conflict?Conflict is a feeling or idea of disagreement and dispute on some serious matter with someone. It can be solved to avoid further brawls.
He wants to avoid the inner conflicts he is going through because of his new posting the wife will be affected and this tension can lead to some tension between them.
Therefore, option A. avoid-avoid inner conflict best exemplifies the situation.
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20 POINTS please answer quick!
Why do you think that most careers in the Education and Training cluster require a college degree of some sort? Explain in detail.
Answer:
There are different kind of careers that one can pursue in life; in order to choose a particular career, one has to consider some important factors.
Explanation:
Which process refers to starting up a computer?
Which process refers to starting up a computer?
Ans: Booting
According to the video, the work of Heating and Air Conditioning Mechanics and Installers combines the skills of which workers? Check all that apply. Pump Operators Plumbers Electricians Refrigeration Specialists Power Plant Technicians Hydroelectric Production Managers
Answer:
B,C,D
Explanation:
Plumbers
Electricians
Refrigeration Specialists