Explain the importance of knowledge in the formation and use of information. Justify your answer with an appropriate outline.
Answers
Knowledge plays a crucial role in the formation and use of information. Information is raw data that lacks context and meaning. It becomes valuable when it is processed, organized, and interpreted in a meaningful way, which requires the application of knowledge.
Here, we will explain the importance of knowledge in the formation and use of information and justify this claim with an appropriate outline.
1. Contextualization: Knowledge provides the necessary context to understand and interpret information. Without knowledge, data remains disconnected and lacks significance. It is through knowledge that we can identify patterns, relationships, and trends within the information and derive meaning from it.
2. Interpretation: Knowledge enables the interpretation of information by applying existing understanding, expertise, and insights. It allows us to analyze and make sense of the data, drawing conclusions, and making informed decisions. Without knowledge, information remains as mere facts, and its potential value remains untapped.
3. Validation: Knowledge helps in validating the accuracy and reliability of information. Through knowledge, we can evaluate the sources, assess the credibility of data, and verify its authenticity. Without knowledge, there is a risk of misinformation and misinterpretation, leading to flawed decision-making and actions.
4. Application: Knowledge empowers individuals to apply the information effectively in various contexts. It provides the framework, skills, and understanding to use the information for problem-solving, innovation, decision-making, and critical thinking. Without knowledge, information remains idle, and its potential to drive positive outcomes is limited.
Justification:
The importance of knowledge in the formation and use of information can be justified by considering the following points:
a. Knowledge enhances information's value: Information becomes meaningful and valuable when it is filtered through the lens of knowledge. Knowledge enables us to extract insights, identify opportunities, and make informed judgments based on the information at hand.
b. Knowledge reduces uncertainty: In the absence of knowledge, information may appear uncertain and confusing. However, by applying existing knowledge and expertise, we can make sense of the information, reducing uncertainty and increasing confidence in decision-making.
c. Knowledge enables continuous learning: The formation and use of information create a feedback loop for knowledge development. As we gather and analyze information, we enhance our knowledge base, enabling us to improve future decision-making and problem-solving.
d. Knowledge drives innovation and progress: Through the effective use of information, driven by knowledge, individuals and organizations can identify gaps, generate new ideas, and drive innovation. Knowledge provides the foundation for exploring new possibilities and pushing the boundaries of what is known.
In summary, knowledge plays a fundamental role in the formation and use of information. It provides the context, interpretation, validation, and application necessary to derive value from data. The connection between knowledge and information is symbiotic, as knowledge enhances the value of information, while information contributes to the expansion and refinement of knowledge.
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Related Questions
n the problem solving process, the final step is to try to ______. a. Generate multiple solutions b. Review your results c. Decide on a solution d. Evaluate your choices Please select the best answer from the choices provided A B C D
Answers
In the problem solving process, the final step is to try to Evaluate your choices. D. Evaluate your choices is the correct answer.
In the problem-solving process, the final step is to evaluate your choices. After generating multiple solutions, reviewing the results, and deciding on a solution, it is crucial to assess the effectiveness and feasibility of the chosen option. Evaluation allows for reflection on the outcome and its impact, helping to determine whether the solution effectively addresses the problem and achieves the desired goals.By evaluating the choices, individuals or teams can assess the strengths and weaknesses of the solution, identify any unforeseen consequences, and make adjustments if necessary. It provides an opportunity to gather feedback, analyze the results, and determine if the chosen solution met the desired criteria and objectives.Evaluation is a critical step as it ensures continuous improvement and learning from the problem-solving process. It allows for adjustments, modifications, and refinements, enhancing future problem-solving endeavors.For more questions on Evaluate
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In an expansion, holding everything else constant, a previously existing budget deficit will automatically (Decrease / Increase), partly because taxes (Decrease / Increase)
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In an expansion, holding everything else constant, a previously existing budget deficit will automatically decrease, partly because taxes increase.
To understand this concept, let's break it down step by step:1. An economic expansion is a period of economic growth characterized by increased production, employment, and consumer spending. During an expansion, businesses tend to generate more revenue and hire more employees.
2. A budget deficit occurs when a government's spending exceeds its revenue. This can happen for various reasons, such as increased spending on public services, social programs, or infrastructure projects.
3. When the economy is expanding, more people are employed, and businesses generate higher revenue. This leads to an increase in taxable income for both individuals and corporations.
4. As taxable income increases, the government collects more taxes, which is a primary source of its revenue.
5. Holding everything else constant means that we are assuming no changes in government spending, interest rates, or other factors that might affect the budget deficit. In this scenario, the increase in tax revenue due to economic expansion would help reduce the previously existing budget deficit.
6. The decrease in the budget deficit is partly because the government receives more taxes from the increased economic activity. However, other factors might also contribute to the reduction of the deficit, such as reduced spending on unemployment benefits due to lower unemployment rates during an expansion.
In conclusion, during an economic expansion with all other factors held constant, a previously existing budget deficit will automatically decrease, partly because taxes increase as a result of higher employment and business revenues.
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Describe three features of Agriculture before the Agricultural Revolution.
Answers
The three features of Agriculture before the Agricultural Revolution are "Nomadic lifestyle, Small-scale farming, and Limited technology".
The agricultural revolution was the agriculture small-scale practices and subsistence-based activity that played a secondary role to hunting and gathering.
The three features of Agriculture before the Agricultural Revolution are Nomadic lifestyle, Small-scale farming, and Limited technology.
The Nomadic lifestyle referred to practice in agriculture in which humans were predominantly nomadic and relied on hunting and gathering for sustenance. They moved from place to place in search of food.
The Small-scale farming referred to clearing small plots of land and planting crops.
The Limited technology referred to used primitive tools, such as stone axes and digging sticks, to clear land and plant crops.
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Clothing designed for people with mobility or sensory challenges is called: Accommodation Attire Adaptive Clothing Perceptive Clothing Flexible Attire
Answers
Clothing designed for people with mobility or sensory challenges is called Adaptive Clothing. Option B
What is adaptive clothing?Adaptive clothing is clothing designed to meet the needs of people with physical or cognitive disabilities. It is designed to be comfortable, functional, and easy to wear for people who may have difficulty dressing themselves due to mobility, sensory or other challenges.
Adaptive clothing is designed to be comfortable, functional, and easy to wear for people who may have difficulty dressing themselves due to physical or cognitive limitations. It may feature adaptive features such as Velcro or magnetic closures, open-back or side-zippered shirts and pants, and other modifications that make it easier to put on and take off.
Adaptive clothing is designed for people with mobility or sensory challenges to provide people with disabilities greater independence and a better quality of life.
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Recunciliation and Entries checks and memos with the records revesied the following reconciling items: a. Checks outstanding totaled $4,950. b. A deposit of 55,150 , representing receipts of Apri 30, had been made too tate to appear on the bank statement. c. The bank colected $2,680 on a $2,540 note, including interest of $140. e. A check drawn for $50 had been erroneously charged by the bank as $500. 1. Bank service charges for Apeil amounted to $40 Feedback Check My Work 1. Set up two columns: one for the company cash account section and the other for the bank balance section. Det company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error. 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have
Answers
a. Checks outstanding totaled $4,950:we need to decrease the company's cash balance by $4,950.
b. A deposit of $55,150 made after April 30:needs to be added to the company's cash balance.
c. The bank collected $2,680 on a $2,540 note:we need to increase the company's cash balance by $2,680.
d. A check drawn for $50 charged as $500: we need to decrease the company's cash balance by $500.
Reconciliation is the process of comparing the company's cash records with the bank's records to ensure they match. In this scenario, we have several reconciling items that need to be addressed:
a. Checks outstanding totaled $4,950: These are checks that have been issued by the company but have not yet been cashed or processed by the bank. To account for this, we need to decrease the company's cash balance by $4,950.
b. A deposit of $55,150 made after April 30: This deposit was made too late to appear on the bank statement. Therefore, it needs to be added to the company's cash balance.
c. The bank collected $2,680 on a $2,540 note: This means that the bank received a payment of $2,680 on a note receivable from the company. The amount collected includes interest of $140. To adjust for this, we need to increase the company's cash balance by $2,680.
d. A check drawn for $50 charged as $500: The bank made an error by charging $500 instead of $50 for a check. To correct this, we need to decrease the company's cash balance by $500.
To perform the reconciliation, follow these steps:
1. Set up two columns: one for the company's cash account section and the other for the bank balance section. Make sure the balances in both sections are equal. If they are not, there might be an error or overlooked item.
2. Journalize the necessary entries:
a. Increase cash by $55,150 to account for the deposit made after April 30.
b. Decrease cash by $4,950 for the outstanding checks.
c. Increase cash by $2,680 for the collection on the note.
d. Decrease cash by $500 to correct the bank's error.
By properly reconciling the records and making the necessary adjustments, you can ensure that the cash balances in the company's records and the bank's records match.
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complete governmental control is a characteristic of which of the three main economic systems
Answers
Complete control is not a characteristic of any of the three main economic systems.
An economic system, sometimes known as an economic order, is a system for creating, allocating resources, and distributing goods and services within a community or geographical region. It consists of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that compose a specific community's economic structure.
A social system is a form of economic system. Traditionally, economic system analysis has concentrated on the contrasts and parallels between market economies and planned economies, as well as between capitalism and socialism. An economic system is a component of the social system and is hierarchically equivalent to the legal system, political system, cultural system, and so on.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Mary likes pie. her total utility is the ____________ satisfaction from eating _____________ pie(s).
Answers
Mary likes pie. Her total utility is the satisfaction from eating a certain number of pie(s). The concept of utility refers to the level of satisfaction or pleasure that individuals derive from consuming a particular good or service. In this case, Mary's total utility would represent the overall satisfaction she experiences from eating a certain number of pies.
To calculate Mary's total utility, we need to consider the principle of diminishing marginal utility. This principle suggests that as Mary consumes more pies, the additional satisfaction she derives from each additional pie will gradually decrease. So, if Mary were to eat one pie, her total utility would be high as it satisfies her craving for pie. However, if she were to eat a second pie right after, the additional satisfaction she gains would be less than the first pie. This process continues, and as Mary consumes more pies, the additional satisfaction she gains decreases further. It's important to note that the exact level of satisfaction cannot be quantified without further information or data. Nonetheless, we can conclude that Mary's total utility represents the overall satisfaction she experiences from eating a certain number of pies, taking into account the diminishing marginal utility principle.
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On a day with a high of 30°C, the café
can expect to have about blank in
beverage sales.
Answers
On a day with a high of 30°C, the café can expect to have about cold in beverage sales.
How can it be explained in detail?The type of café, where it is located, what day of the week it is, what time of day it is, and other weather variables like humidity, precipitation, and wind can all affect the sales of drinks.
So it seems to reason that on a hot day like this, people would be more likely to buy cool and reviving beverages like iced coffee, iced tea, lemonade, or soft drinks. It Is possible that sales of hot beverages like coffee or hot chocolate may be lower than normal. To draw guests and boost sales, the café can also think about implementing seasonal specials or promotions.
In the end, a number of variables will determine the precise volume of beverage sales on a hot day.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.
Answers
Answer:
b.corporation is answerin which step of the hierarchy of effects would a marketer most likely rely on samples and coupons?
Answers
The hierarchy of effects is a marketing model that describes the stages a consumer goes through before making a purchase decision. These stages include awareness, interest, desire, and action. The use of samples and coupons is most likely to occur in the desire stage, where a consumer is interested in the product but needs an extra incentive to make a purchase. Samples allow consumers to try the product and experience its benefits, which can increase desire.
Coupons offer a discount on the product, which can also increase desire and encourage action. Marketers use these tactics to move consumers down the hierarchy of effects, from interest to desire to action, and ultimately to purchase. By using samples and coupons effectively, marketers can create a sense of urgency and increase the likelihood of a purchase.
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What are the differences between flexibility and compromise
Answers
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
a partner has express authority to do whatever he or she is authorized to do by the articles of partnership
Answers
True. In a partnership, the partners' authority to act on behalf of the partnership is typically defined in the articles of partnership or partnership agreement.
Express authority refers to the specific powers and responsibilities granted to a partner as outlined in these governing documents. If the articles of partnership explicitly authorize a partner to perform certain actions or make decisions, then that partner has the express authority to do so. This means they have the power and authorization to act on behalf of the partnership within the scope of their designated responsibilities.
However, it's important to note that express authority can vary depending on the specific provisions outlined in the articles of partnership. It is crucial for partners to review and understand these provisions to ensure they are acting within the boundaries of their authorized powers and responsibilities.
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which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger
Answers
A financial statement that outline the revenues and costs during a period of time.
Another name for the profit and loss statement is the income statement.
The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.
A balance sheet is a financial statement that contains information on a reports company's assets, liabilities and shareholders' equity at a point in time.
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Which difference between your bank statement and your records is most
likely to indicate fraud?
Answers
The process of comparing your bank statement to your accounting records is known as bank statement reconciliation. This is how it goes. Transactions involving checks and cash are often recorded in a check register, which is a component of your general ledger. A similar record of your company checking account is kept by the bank.
What is accounting?The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
In order to prevent and detect fraud, bank reconciliations are a crucial internal control tool. By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.
Therefore, The statement to your accounting records is known
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In industries in which pricing is a key factor, ________ often set the best prices or help others in setting them.
A) sales managers
B) salespeople
C) production managers
D) finance managers
E) pricing departments
Answers
In industries where pricing is a critical factor, pricing departments often set the best prices or help others in setting them. Option E
Pricing departments are departments within an organization that are responsible for setting prices. The pricing department is responsible for determining the best price to charge for a product or service, taking into account various factors such as the cost of production, market demand, and the competition.Pricing departments are often made up of individuals who are experts in pricing.
They use various techniques to determine the best price to charge for a product or service. These techniques include price skimming, penetration pricing, and value-based pricing. The goal of the pricing department is to set a price that maximizes profits while still remaining competitive in the market.In some industries, such as retail and consumer goods, sales managers and salespeople also play a role in setting prices.
They work with the pricing department to determine the best price for a product based on market demand and competition. Production managers and finance managers may also be involved in setting prices, but their roles are typically more limited than those of sales managers, salespeople, and pricing departments.
In conclusion, the answer to the question is E) pricing departments often set the best prices or help others in setting them in industries where pricing is a key factor. However, in some industries, other roles such as sales managers and salespeople may also play a role in setting prices.
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Fish in the ocean are a nonrival and excludable b nonrival and nonexcludable c rival and nonreplenishible d rival and nonexcludable e rival and excludable
Answers
Fish in the ocean are a rival and non-excludable. The correct option is b. Fish in the ocean are rivalrous because they are a finite resource. However, they are non-excludable because it is almost impossible to prevent anyone from fishing in the ocean.
Goods can be classified into four categories depending on two variables: excludability and rivalrousness. Private goods, public goods, common resources, and club goods are the four types of goods that can be divided into categories.Excludability refers to the degree to which consumers can be prevented from using a good. Non-excludable goods, such as parks or fireworks displays, cannot be limited to those who pay their way.
Rivalrousness is the degree to which one person's use of a good prevents another person's use of the same good. A good that is non-rivalrous, such as broadcast television, may be used by any number of people at the same time without affecting the availability of the good for others.
A rivalrous good, on the other hand, can only be used by one person at a time, and its use by one person prevents its use by another person, such as an apple or a car. As a result, fish are classified as a common resource. This is because they are often exploited more than is necessary to maintain the resource, leading to overfishing and the depletion of fish stocks. The correct option is b.
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are a cellular phones appropriate and suitable for the market and for the customers today? why?
Answers
Explanation:
they are suitable since because they help different people to communicate
Answer:
i think this will help you
19. write the formula for the bond interest rate. please write the formula in full words. do not use abbreviations for any of the variables. it is ok to use math symbols. g
Answers
The formula for the bond interest rate can be expressed as follows:
Bond Interest Rate = (Coupon Payment / Face Value) + (Capital Gain / Face Value)
where:
Coupon Payment represents the periodic interest payments made by the bond issuer to the bondholder.
Face Value represents the amount of money that the bondholder will receive at the maturity of the bond.
Capital Gain refers to the profit made by the bondholder when selling the bond at a price higher than the face value.
G represents the discount rate used to determine the present value of future cash flows from the bond.
The bond interest rate can be interpreted as the required rate of return that investors demand for holding the bond. It takes into account both the coupon payments received over time and the potential capital gains or losses from selling the bond at a price different than the face value.
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charlotte can produce pork and beans and can switch between producing them at a constant rate. if it takes charlotte 10 hours to produce a pound of pork and 5 hours to produce a pound of beans, what is charlotte's opportunity cost of pork and what is opportunity cost of beans?
Answers
Pork and beans can be produced in Charlotte. Pork has an opportunity cost of 10 pounds of beans divided by 5 equals 2 pounds of beans. 5 pounds of pork, 10 pounds of pork, or 1/2 pound of pork, is the opportunity cost of beans.
The demand for pork drives the demand for market hogs. Retailers create a wholesale demand plan for pork by subtracting an amount from the anticipated pork demand schedule that will cover their expenditures and generate a profit.
2020 saw the COVID-19 have an impact on the pork market. Neither state farms nor small-scale farmers can increase their output. Pork production did not increase and but decreased for the year by 1.42 million tonnes when compared to 2019. The demand for meat eventually exceeds the supply of pork.
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jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the note is calculated as
Answers
The interest that Jingle Company will incur on the note is calculated as $800.
Interest Expense is incurred as payment for the use of the funds for a period of six months at 8% annual interest.
Data and Calculations:
Note Payable = $20,000
Stated interest rate = 8%
Payment period = 6 months
Interest incurred = $800 ($20,000 x 8% x 6/12)
Thus, since the maturity date of the note is in six months, the interest incurred by Jingle Company is $800.
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The amount of unemployment that an economy normally experiences is called the :
a) average rate of unemployment.
b) natural rate of unemployment.
c) cyclical rate of unemployment.
d) typical rate of unemployment.
Answers
The natural rate of unemployment represents the amount of unemployment that an economy normally experiences.
The natural rate of unemployment is the level of unemployment that exists when an economy is operating at its full potential and is not experiencing any cyclical fluctuations. It is the rate of unemployment that is consistent with the underlying structure of the labor market, including frictional and structural factors. It reflects the normal functioning of the economy and is independent of short-term business cycles.
The natural rate of unemployment is determined by various factors such as demographics, labor market institutions, and the matching process between job seekers and job vacancies. It is considered the "baseline" level of unemployment in an economy and serves as a reference point for policymakers to assess the health of the labor market and formulate appropriate economic policies.
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write on perfect competition
Answers
how does lever simplify the work? explain.
Answers
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
Need Help
Ted is a single guy who’s living the good life. The spreadsheet below shows Ted’s cash flow for a month.
Based on his monthly cash flow, explain what part of Ted’s financial plan might be missing and why.
Answers
Answer:
Ted's net cash flow is zero. Therefore, he might want to work on managing his income to get a positive net cash flow. There is no indication that Ted is putting any money in savings.
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_________ is the removal of items from a store with the intention of not paying for them.
a. shrinkage
b. shoplifting
c. control
d. none of the above
Answers
Answer: lol that should be shoplifting
demand is ___ when the price change results in a relatively larger change in the quantity demanded
Answers
Answer:
Demand is elastic when the price change results in a relatively larger change in the quantity demanded :3
Explanation:
:3
What are the most volatile stocks of 2022?
Answers
The most volatile stock for 2022 is Sabar Flex India Limited. Limited term. First Bank Limited. Poonawala Fincorp Limited. Indian Steel Authority Limited.
The stock market as a whole has seen bullish and bearish swing trends, but there are some volatile stocks that swing more often than the market as a whole. Stockbrokers and investors are always on the lookout for these highly volatile stocks in India as they have the potential to generate the best returns during significant price movements.
In statistics, we studied volatility as a statistical measure of deviation due to standard deviation or variance. Similarly, stock market volatility shows the movement of a stock price from its original value or relative to an index. This volatility can occur every minute or every second.
Volatile stocks vary from trader to trader. Intraday high volatility stocks can be viewed as the difference between daily highs and lows. For some traders, it can be a maximum trading volume, while for others it can be mathematical models and complex calculations based on historical data.
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which is not a reason to introduce and HRIS
Answers
Security is said to be a key issue of the biggest worries of HRIS. Systems need to be designed to hinder unauthorized access to sensitive and confidential information.
What is the reason to introduce HRIS?HRIS is software for core HR needs and productivity for managers and employees.
The five benefits of using it is that it is Organized, Frees HR professionals for important tasks. Regulatory compliance ensured. HR efficiency enhanced by "Boosts company image for employees." Employee db. Applicant tracking and onboarding.
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