Leveraging human capital and social capital is crucial for organizations to achieve a competitive advantage. Human capital refers to the knowledge, skills, and abilities of employees, while social capital represents the network of relationships an organization has with external stakeholders.
To leverage human capital, organizations should focus on hiring and retaining talented individuals, providing them with continuous training and development opportunities, and promoting a culture of collaboration and innovation. By investing in their employees, organizations can enhance their knowledge base and expertise, leading to improved performance and increased competitiveness.
In terms of social capital, organizations should actively build and nurture relationships with customers, suppliers, and other external partners. This can be done through effective communication, engagement in industry associations, participation in community events, and fostering long-term relationships. By leveraging these relationships, organizations can access valuable resources, gain industry insights, and collaborate on joint ventures, ultimately enhancing their competitive position in the market.
By effectively leveraging both human capital and social capital, organizations can create a synergistic effect that contributes to their competitive advantage. This allows them to stay ahead of competitors, adapt to changing market conditions, and achieve sustainable growth.
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Which of the following are examples of discretionary fiscal policy? (Check all that apply.) A. The government provides stimulus funds to repair roads and bridges to increase spending in the economy. B. Additional taxes are collected as the economy experiences an increase in income resulting from economic growth. C. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate. D. The president and Congress reduce tax rates to increase the amount of investment spending. E. A state government borrows money to finance the building of a new bridge. F. The government spends more on the military to provide assistance to England after a natural disaster.
Answer:
The government provides stimulus funds to repair roads and bridges to increase spending in the economy
The president and congress reduce tax rates to increase the amount of investment spending
Congress provides a tax rebates to encourage additional spending in order to reduce the unemployment rate
Explanation:
The following are examples of discretionary fiscal policy.
The government provides stimulus funds to repair roads and bridges to increase spending in the economy. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate.The president and Congress reduce tax rates to increase the amount of investment spending.The correct options are A, C, and D.
What is discretionary and nondiscretionary fiscal policy?Discretionary Fiscal Policy: changes in government spending and taxation enacted during a crisis affect the economy. Nondiscretionary Fiscal Policy: the set of policies built into the system to stabilize the economy, also known as automatic stabilizers.
These are deliberate policies implemented by the government to increase or decrease government spending or taxation. For example, when private sector demand and confidence are low during an economic downturn, Keynesian economists may advocate for a deliberate increase in the size of the fiscal deficit.
Thus, the ideal selection is options A, C, and D.
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What is the definition of a team? What is teamwork? Why is learning to work well with others important in life? What is one issue that hinders you from wanting to work with other people? What is one thing you can change so you can be successful when working in teams?
Answer:
Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.
University Hospital has been concerned with the number of errors found in its billing statements to patients. An audit of 100 bills per week over the past 12 weeks revealed the following number of errors:
Week 1 Errors 4
week 2 errors 5
week 3 errors 6
week 4 errors 6
week 5 errors 3
week 6 errors 2
week 7 errors 6
week 8 errors 7
week 9 errors 3
week 10 errors 4
week 11 errors 3
week 12 errors 4
(a) develop control charts with z=3
(b) is the process in control?
To develop control charts for the number of errors in billing statements, we can use the data provided and calculate the control limits based on the average and standard deviation of the data. Therefore, the control chart with z = 3 would have an Upper Control Limit (UCL) of approximately 8.937 and a Lower Control Limit (LCL) of approximately 0.063.
The control limits can be set using the formula:
Upper Control Limit (UCL) = Average + (z * Standard Deviation)
Lower Control Limit (LCL) = Average - (z * Standard Deviation)
(a) Let's calculate the control limits using z = 3.
First, we need to calculate the average (mean) and standard deviation of the data:
Average = (4 + 5 + 6 + 6 + 3 + 2 + 6 + 7 + 3 + 4 + 3 + 4) / 12 = 4.5
Standard Deviation = √[(∑(x - Average)^2) / n] = √[(2.25 + 0.25 + 1.25 + 1.25 + 1.25 + 4.25 + 1.25 + 5.25 + 1.25 + 0.25 + 1.25 + 0.25) / 12] ≈ 1.479
Using z = 3, we can calculate the control limits:
UCL = 4.5 + (3 * 1.479) ≈ 8.937
LCL = 4.5 - (3 * 1.479) ≈ 0.063
(b) To determine if the process is in control, we need to compare the number of errors in each week to the control limits calculated. If any data point falls outside the control limits, it indicates that the process is out of control.
Checking the data points against the control limits:
Week 1: 4 (within control limits)
Week 2: 5 (within control limits)
Week 3: 6 (within control limits)
Week 4: 6 (within control limits)
Week 5: 3 (within control limits)
Week 6: 2 (within control limits)
Week 7: 6 (within control limits)
Week 8: 7 (within control limits)
Week 9: 3 (within control limits)
Week 10: 4 (within control limits)
Week 11: 3 (within control limits)
Week 12: 4 (within control limits)
Since all data points fall within the control limits, it indicates that the process is in control.
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What are the 5 activities in human resource management?.
Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.
What is human resource management?The division of a commercial organization that handles employee hiring, management and termination is known as human resource management or HRM. HRM places a strong emphasis on the role that people play in a company, ensuring that best work practices are always followed.What advantages does human resource management provide? It takes a lot of effort to entice talent that is at the top of the industry.Better Onboarding, Greater Employee Retention.Less Compliance Issues, Access to Big-Company Employee Benefits and Anytime, Anywhere HR Access.Effortlessly save time and energy.Planning, organizing, directing, and controlling are the four fundamental duties of an HRM, just like those of any manager.Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five tasks that make up human resource management.
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QUESTION 22 What is one cost of avoiding insurance? A. falling into debt if faced with a serious problem B. not benefitting from insurance deductibles C. not being able to purchase a car or home D. facing increased probability of accidents
Answer:
A. falling into debt if faced with a serious problem
in which of the following situations would you prefer to be the lender? a) the nominal interest rate is 8 percent, and the inflation rate is 5 percent. b) the nominal interest rate is 3 percent, and the inflation rate is 1 percent. c) the nominal interest rate is 13 percent, and the inflation rate is 15 percent. d) the nominal interest rate is 10 percent, and the inflation rate is 5 percent.
The predicted inflation rate is 50%, while the interest rate is 25% as per given situation.
What is the inflation rate?In the US, the annual inflation rate rose from 3.2 percentage in 2011 to 8.3 percent in 2022. This indicates that the value of the American dollar has decreased recently. The amount of accessible money a person has to spend is known as their purchasing power.
What will the inflation rate be in 2022?Consumer prices increased by 9.1% over the year that ended in June 2022, the most in 40 years: United States Bureau of Labor Statistics, The Economics Daily During high inflation, Hard assets, that are greater likely to sustain their value during market turbulence, are frequently chosen by investors.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
when must interest and principal payments on a Stafford Student Loan begin
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
Jack is a gamer, and every time he plays at a gaming center, he pays five dollars using a card that he recharges electronically every week. It is evident that Jack uses _____ as the mode of payment
E-Cash was a digital-based system that allowed for anonymous money transfers.
So, Jack here is using E-cash as a mode of payment.
How is E-cash important?Since it combines technological ease with security features, electronic cash is an important idea in electronic payment systems via the internet.
Electronic Cash can be used to send and receive payments between consumers and merchants, as well as for any other type of financial transaction.
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What is the age interval that far exceeds all the rest for day pass users?
The age interval that typically far exceeds all the rest for day pass users can vary depending on the specific context and industry.
However, in many recreational or leisure-related activities, such as amusement parks or water parks, the age interval of children and adolescents tends to be significantly higher than other age groups for day pass users.
This is because children and teenagers often have more leisure time, school holidays, and a strong desire for recreational activities. Families with children may also frequently visit such venues during vacations or weekends. Therefore, the age interval of, for example, 5 to 17 years old may far exceed other age groups for day pass users in these types of attractions.
It's important to note that the age intervals and patterns of day pass users can vary greatly depending on the specific industry, location, and target market. Analyzing actual data from a particular business or industry would provide more accurate insights into the age intervals that far exceed the rest for day pass users in that specific context.
The age interval that far exceeds all the rest for day pass users in DataCamp can be determined by analyzing the data. To find the age interval, you need to follow these steps:
1. Obtain the data for day pass users in DataCamp, including their ages.
2. Calculate the frequency distribution of the ages, grouping them into intervals.
3. Determine the interval with the highest frequency, as this will be the age interval that far exceeds all the rest for day pass users.
By performing these steps, you will be able to identify the age interval that stands out among all others for day pass users in Data Camp.
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An employer may evaluate the application itself to determine whether the applicant can follow _________
An employer may evaluate the application itself to determine whether the applicant can follow instructions or guidelines. By assessing the applicant's ability to provide accurate and complete information as requested, the employer gauges their attention to detail and adherence to application requirements.
When reviewing job applications, employers often assess the applicant's ability to follow instructions or guidelines by evaluating the application itself. This evaluation focuses on how well the applicant complies with the specified requirements and provides accurate and complete information as requested. Employers typically provide instructions and guidelines within the job application form, such as indicating the required fields to fill out, specific documents to attach, or questions to answer. By following these instructions, applicants demonstrate their attention to detail and their ability to follow directions, which are essential skills in many work environments. Employers look for applicants who carefully read and understand the application instructions, provide all the necessary information in the appropriate format, and submit the application within the designated timeframe.
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Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answer: D
Explanation:
in the short run, the marginal product of labor: a. is always diminishing. b. continues to increase so long as the firm adds labor slowly. c. will eventually fall. d. always increases because laborers become more efficient with experience.
In the short run, the marginal product of labor will eventually fall. (option c)
The marginal product of labor (MPL) is the extra output that is generated by hiring an extra worker. In the short run, the MPL will always eventually decline with increasing labor because of the law of diminishing returns.
This means that as more labor is added, the MPL will increase until a certain point, and then decrease as more labor is added.
For example, if a factory increases its labor from 10 to 11 workers, it may experience an increase in output, however, if it increases its labor from 20 to 21 workers, it may experience a decrease in output due to the over-utilization of resources. Therefore, in the short run, the MPL will eventually decline with increasing labor.
However, in the long run, the MPL may increase due to the experience of the workers, as well as technological advances that increase production efficiency. In the long run, firms can add more labor and still experience an increase in output due to improvements in the efficiency of labor.
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1. Give an example of change in number of consumers
2. Give an example in consumer tastes and preferences
In economics
The consumer will change if the demand of product will increase or decrease.
What is the meaning of consumers?
The consumer are the people who buys or sells good for own use. The consumer number will change depending upon the demand of products. If the demand increases then the number of consumer will increase.
If demand of the product decreases then the consumer number will decrease. Economy will not work without consumer.
The demand will affect by some of the factors such as Income, consumer preferance, price and buyer's expectations. Demand of the product depend on the supply of products.
Therefore, The consumer will change if the demand of product will increase or decrease.
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Making sure that data collected on customer trends is organized is one way technology can help a business.
True
False
Answer:
True
Explanation:
I would say this statement in TRUE. Here is my reasoning: Data collection is information learned by a business. For example: If you are a moving company and you paid for a TV commercial. Wouldn't you like to know how many people are calling you for moves based on that commercial? Of course. So asking your customers "where did you hear about us?" and hearing "The TV commercial" can identify that not only is your commercial working but that it is paying for itself with the business coming your way. Data collected is a GREAT way to run a business successfully.
Why do you think the graphic designer might have a hard time seeing eye to eye with a copywriter. Help me please!!
Answer:
A graphic designer focuses on the visual marketing of yhings/services. A copywriter sales with the power of words
ps: you should look up Dan Lok copywriting.
HELPPPPPP!!!!
Most of a distribution manager's decisions must balance cost reduction
against which other benefit?
A. Superior customer service
B. Greater efficiency
C. Price increases
D. Higher profits
Answer:
B. Greater efficiency
Explanation:
Efficiency, in this case, will refer to achieving the desired results with minimal or no wastage. A distribution manager has the responsibility to ensure goods get to their destination as scheduled. The manager's efficiency will be gauged by the speed, accuracy, and safety of deliveries.
Other than cost savings, the distribution manager has to aim at achieving greater efficiency. Customer service and pricing are functions of other managers.
When writing a sales message, you can selling points with rational or emotional appeals. Rational appeals are associated with by developing your central and emotional appeals are associated with What techniques overcome resistance and help build credibility? Check all that apply Sending free trial samples Including testimonials Sending unwanted merchandise Using misleading statements What is illegal to include in a sales letter? Check all that apply n Unauthorized use of a celebrity name Free sample trials Satisfied customer names Misleading statements
When writing a sales message, it is important to consider the selling points that will appeal to potential customers. Rational appeals are focused on logical reasoning and factual information, while emotional appeals tap into customers' feelings and desires.
To overcome resistance and build credibility in a sales message, there are several techniques that can be used. One effective strategy is to send free trial samples to potential customers, allowing them to experience the product or service firsthand before making a purchase. Another technique is to include testimonials from satisfied customers, providing social proof that the product or service is effective and trustworthy. It is important to note that using misleading statements in a sales message is not only unethical but also illegal. Making false claims about the product or service being sold can result in legal action and damage to the reputation of the business. Instead, sales messages should focus on truthful and accurate information about the product or service, highlighting its benefits and value to potential customers.
In addition, it is also illegal to use the unauthorized name of a celebrity in a sales letter, as well as include false or misleading statements. Free sample trials and the names of satisfied customers can be included in a sales letter, as long as they are truthful and accurate.
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When writing a sales message, you can use rational and emotional appeals to highlight selling points.
Rational appeals are associated with developing a central argument, while emotional appeals focus on evoking feelings. Techniques to overcome resistance and build credibility include sending free trial samples and including testimonials. It is illegal to include unauthorized use of a celebrity name and misleading statements in a sales letter.
Rational appeals in a sales message are developed by presenting logical reasons and evidence that support the value and benefits of a product or service. Emotional appeals, on the other hand, target the audience's emotions, desires, and values, making the product or service more personally relatable.
To overcome resistance and build credibility, some effective techniques are sending free trial samples and including testimonials from satisfied customers. These techniques provide real-world experiences and tangible proof of the product's benefits.
However, it's important to avoid illegal practices in sales messages. Unauthorized use of a celebrity name, for example, infringes on their right to publicity and misleads the audience. Misleading statements can also be illegal, as they can deceive the audience and potentially harm consumers. Free sample trials and satisfied customer names are generally acceptable, as long as they're used ethically and with permission.
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Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must
Shondra consider before she decides to pay with automatic withdrawals?
Shondra should be sure she will remember to call the store each month to make the payment.
Shondra should check her credit history to be sure she has a good credit score.
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
Shondra should consult with a credit counseling service.
Answer:
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
Explanation:
She need to consider and makes sure she have enough in her account to be able to make the monthly payments.
What is an automatic withdrawals?This is a financial procedure that is used when someone grant their bank the permission to make a payment to a creditor their your bank account.
Hence, there is need to makes sure she have enough in her account to be able to make the monthly payments to the creditor.
Therefore, the Option C is correct.
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The overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction is referred to as ________.
Answer:
customer relationship management
which of the following is not one of the most common depreciation methods? a.units-of-activity method b.double-declining-balance method c.straight-line method d.sum-of-the-years-digits method
The statement that is not one of the most common depreciation methods is the b.double-declining-balance method.
Depreciation is used for the cause of writing off the fee of an asset over its useful life. Depreciation is an obligatory deduction in the income and loss statements of an entity and the Act permits deduction both in the immediately-Line technique or Written down price (WDV) method.
Alternatively, for tax purposes, depreciation is considered a tax deduction for the healing of the charges of belongings employed inside the employer's operations. As a consequence, depreciation basically reduces the taxable earnings of a taxpayer. The tax deductions are usually to be had for each individual and group.
Depreciation expense seems on the income declaration, even as collected depreciation appears on the balance sheet. The balance inside the depreciation fee account is a debit, while the balance inside the amassed depreciation account is a credit.
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what is the value of a bond with a par value of $1,000, a coupon rate of 9.25%, and a yield to maturity of 6.70%? the bond has 16 years to maturity.
The present value of the bond's cash flows is approximately $1,212.32. The value of a bond can be calculated using the formula for present value of a bond.
In this case, with a par value of $1,000, a coupon rate of 9.25%, a yield to maturity of 6.70%, and 16 years to maturity, we can determine the value as follows:
First, we need to calculate the annual coupon payment. This is done by multiplying the par value by the coupon rate, resulting in $1,000 * 9.25% = $92.50 per year.
Next, we calculate the present value of the bond's cash flows. This involves discounting the future cash flows (coupon payments and the par value at maturity) using the yield to maturity.
Using a financial calculator or spreadsheet, we find that the present value of the bond's cash flows is approximately $1,212.32.
Therefore, the value of the bond with these characteristics is approximately $1,212.32.
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A new manufacturing technology makes it easier to make the
product and causes a shift in the supply curve. What is the new
equilibrium point after implementing the new technology? (Hint:
Determine which direction a easier production shifts the supply
curve and use that direction to pick the resulting equilibrium
point.)
O $6 and 20,000
O $4 and 30,000
O $6 and 30,000
O $4 and 20,000
The current price of a stock is $100.07. If dividends are expected to be $1.20 per share for the next five years, and the required return is 8%. then what should the price of the stock be in 5 years when you plan to sell it? The price 5 years from now will be $ ______________. (Round your response to the nearest dollar.)
The price of the stock 5 years from now, when you plan to sell it, should be approximately $5.
To calculate the future price of the stock, we use the dividend discount model, which considers the present value of future dividends. Given that the dividends are expected to be $1.20 per share for the next five years and the required return is 8%, we calculate the present value of these dividends. By summing up the present values of the individual dividend payments, we find that the present value of the dividends is approximately $4.84.
The future price of the stock can be estimated by adding the present value of dividends to the current stock price. Since the current price of the stock is $100.07, adding $4.84 to it yields an approximate future price of $104.91. Rounding this to the nearest dollar, the price of the stock 5 years from now is approximately $105.
It's important to note that stock prices are influenced by various factors, including market conditions, investor sentiment, and company performance. Therefore, the estimated future price should be considered as a rough approximation based on the given information and calculations.
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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.
initiative
dependability
time management
conflict resolution
Answer:
dependability
Explanation:
When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver. It is convincing others to have full confidence in you and your abilities.
Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.
Points, Yum...much yum.
Answer:
yes yes
Explanation:
yumyumyumyumuum
Answer:
Thank you Yum yum yum yum.
The _____ of foreign direct investment refers to the amount of fdi undertaken over a given period (normally a year).
FDI flow refers to the annual amount of foreign direct investment made in a country, representing the monetary value of investments by foreign entities during that period.
The "flow" of foreign direct investment (FDI) refers to the annual amount of FDI undertaken by foreign entities in a particular country. It quantifies the total monetary value of investments made by foreign sources within a specific timeframe, typically a year. The flow of FDI provides insights into the level of international investment activity and indicates the extent to which foreign capital is being deployed in a given country. It serves as an important metric for policymakers and economists to assess the economic attractiveness and competitiveness of a nation, as well as its integration into the global economy.
Therefore, FDI flow refers to the annual amount of foreign direct investment made in a country, representing the monetary value of investments by foreign entities during that period.
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Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.
Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?
Answer:
a) The value of one bond is $837.08.
b) The total amount Tim Horton would raise if all bonds were sold is $83,708.
Explanation:
a) Calculate the value of one bond
This can be calculated as follows:
Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60
Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)
Where;
r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04
n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30
Substituting the values into equation (1), we have:
Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645
Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76
Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32
Therefore, we have:
Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08
Therefore, the value of one bond is $837.08.
b) What is the total amount Tim Horton would raise if all bonds were sold?
Number of bonds expected to be sold = 100
Value of one bond = $837.08
Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708
Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.
1. Give a brief description of the Business and Industry Endorsement.
Answer:
siness and Industry Endorsement.
;,;l,
Explanation: