Question 2
As part of the Ministry of Trade and Industry, your department is tasked to organize a program called MITI Pocket Talk: A Series of Sessions for the Private Sector. The objective of this program is to share the benefits of the Free Trade Agreements (FTAs) and introduce the Preferential Certificates of Origin to the private sector.
As such, a meeting was held on 15th February 2022 at Level 6 Meeting Room, 2.00 pm, to discuss the date, venue, and appointment of the person in charge, activities, and any other important and relevant. Do not assume full attendance.
Your task. As the secretary of the planning committee, you are required to prepare the minutes of the meeting. Your minutes of the meeting should include:
Time, date, and place of meeting
List of people attending
List of absent members of the group, if any
Record of the points discussed, decisions taken, and action taken by
Time, date, and place of next meeting
Name and signature of the person recording the minutes
Note:
You are required to apply the standard format minutes of the meeting (MyPLS- Chapter 4).

Answer:

B False! I got it right

Explanation:

Answer:

it is commonly called advertising

Explanation:

Advertising is any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor. Advertising is paid, nonpersonal communication through various media by business firms, nonprofit organizations and individuals who are in some way identified in the advertising message.

JSTOR.org (siting my evidence)

In a traditional economy, decisions about which goods are produced are based on B. what the local community has made for generations.

A traditional economy  can be described as the  system  which involves the practice whereby the goods production  as well as the distribution is  been directed trhough the activities of by time-honored beliefs.

It should be noted that in this sytem the culture, and traditions are been seen as the catalyst that help in the process of production as well as distribution of goods as well as service.

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An index ETF is An ETF that trades stock index,like the S&P 500

An index ETF is an exchange-traded fund that tracks a specific index, such as the S&P 500 or the Dow Jones Industrial Average. These ETFs are designed to provide investors with exposure to a broad market or sector, and they generally seek to replicate the performance of the underlying index. Index ETFs can be a cost-effective and convenient way to invest in a diversified portfolio, as they typically have low fees and can be bought and sold like a stock on an exchange.

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Most time, when an error is found when posting to the ledger, it would  be corrected by reversing the incorrect entry and use a second journal entry to record the transaction correctly,

In a ledger, the error can be called a wrong posting may be in the forms of posting a wrong amount to a ledger account or posting to the wrong side of an account or double posting.

All these type of errors affect mostly only one side of ledger accounts and they are mostly revealed by the trial balance through disagreement of debit and credit totals.

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Toyota is credited with developing the lean manufacturing revolution. The lean manufacturing revolution was pioneered by the Japanese automaker Toyota.

It was developed in the 1950s by Taiichi Ohno, an engineer at Toyota, and is known as the Toyota Production System (TPS). The TPS revolutionized manufacturing by emphasizing the elimination of waste, continuous improvement, and respect for people. It introduced concepts such as just-in-time production, where materials are delivered exactly when needed, and the use of kanban, a visual signaling system for inventory control. The lean manufacturing principles developed by Toyota have since been widely adopted by companies worldwide across various industries to improve efficiency, reduce costs, and enhance quality.

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Answer:

$200

Explanation:

The proportion invested in the risky asset can be calculated by dividing the amount invested in the risky asset (market portfolio) by the total wealth. In this case, we have $27,000 invested in the market portfolio and a total wealth of $20,000.

To find the proportion, we divide $27,000 by $20,000:

Proportion = $27,000 / $20,000 ≈ 1.35

This means that approximately 1.35 times the total wealth is invested in the risky asset (market portfolio).

It's important to note that the proportion can also be expressed as a percentage. To convert it to a percentage, we multiply the proportion by 100:

Proportion as a percentage = 1.35 * 100 ≈ 135%

Therefore, the proportion invested in the risky asset is approximately 1.35 or 135%.

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The responsibilities, control, and costs that v2 bear under each of the FOB terms offered: FOB destination and FOB shipping point.

FOB terms stand for Free on Board terms. It is a standard contract used for international trade transactions. FOB is one of the most used types of shipping contracts in the international trade. FOB terms include FOB destination and FOB shipping point.

FOB Destination: In this type of contract, the seller retains the ownership of the goods until they reach the buyer's premises. The responsibilities of the seller include packing and loading the products on the shipping vessel, arranging for transport and shipping of the goods, obtaining all necessary documents required for shipping, and covering the costs of transport.

The responsibility of the buyer includes insuring the products, covering the import fees and tariffs, paying the transport costs, and taking the ownership of the goods once they arrive at the destination.

FOB Shipping Point: This contract puts the responsibility of the goods on the buyer once they leave the seller's premises. The seller has the responsibility of loading the goods on the transport vehicle, obtaining the required documents, and paying the transport costs up to the shipping point. The buyer's responsibility includes the cost of shipping the products from the shipping point, insuring the products, and paying the tariffs and import fees.

FOB terms are negotiable, and it is essential to understand the differences between FOB destination and FOB shipping point to avoid misunderstandings between the seller and buyer.

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If Briana is willing to take responsibility for her poor performance and make efforts to improve, she should focus on developing a growth mindset. A growth mindset is a belief that intelligence and abilities can be developed through dedication and hard work.

To begin, Briana should identify her weaknesses and take steps to improve them. She can do this by seeking feedback from her supervisor or colleagues, attending training or workshops, and setting achievable goals for herself. She should also focus on developing new skills and expanding her knowledge base.

Briana should also adopt a positive attitude towards her work and be willing to learn from her mistakes. Instead of dwelling on her past failures, she should view them as opportunities for growth and improvement.

It's also essential for Briana to seek support and guidance from others. She can find a mentor or coach who can provide constructive feedback and help her develop a plan for improvement.

Finally, Briana should be patient and persistent in her efforts to improve. It may take time to see progress, but with dedication and hard work, she can turn her perceived failure into a valuable learning experience and achieve success in her career.

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The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.

A linear equation is defined as an equation in which the highest power of the variable is always one.

Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.

Let y represent the total number of pieces Krysta would learn,

And x represent depends on the number of months of piano lessons,

According to the given situation, we can write the equation would be as:

⇒ y = 3x

Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.

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The net sales revenue for the company can be calculated by subtracting the sales returns and allowances, sales discounts, and allowance for doubtful accounts from the total sales revenue.

Net sales revenue is the total revenue generated by a company from its sales after adjusting for returns, allowances, and discounts. In this case, the sales returns and allowances amount to $1,200 and the sales discounts amount to $2,300. Additionally, the allowance for doubtful accounts, which is a contra-asset account, represents an estimated amount of accounts receivable that may not be collected. The allowance for doubtful accounts is deducted from the accounts receivable balance. To calculate the net sales revenue, we subtract the sales returns and allowances ($1,200) and the sales discounts ($2,300) from the total sales revenue ($96,000). The resulting figure would be the net sales revenue for the company.

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Thus, the demand for sport utility vehicles declines when the price of oil (and gasoline) rises (i.e. the demand curve for sport utility vehicles shifts to the left). As a result, sport utility vehicles' equilibrium price and supply will decline.)

Cars and gasoline are complimentary products since they are used in tandem. The desire for automobiles will decline if the price of gasoline rises. As a result, the equilibrium price and the number of cars will fall, moving the demand curve for cars to the left.

The gasoline supply curve would be moved to the right if there were more producers of the fuel. Higher gasoline output at each price level would result from more producers.

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The percent sales tax is 3%.

Solution:

(21.63/21) x 100 = 103

So, The percent sales tax = 103.00 - 100 = 3%.

Convert the tax rate to a decimal by moving the decimal point two places to the left. Multiply the pre-tax value by the recalculated decimal value to get the sales tax cost. Add the VAT value to the pre-tax value to calculate the total cost.

Similar in some respects to a sales tax in which the full amount owed to the government is paid by the consumer at the point of sale. With sales tax, a portion of the tax amount is paid by various parties to the transaction. Sales tax is an additional amount that you pay based on a percentage of the selling price of the goods or services you purchase.

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The listed price of the pair of pants was $21, but the price with tax came to $21. 63. the percent sales tax: is $21.40.

A transaction that includes an exchange of services or goods for a certain amount of money is known as a sale. In other words, any activity that involves transferring the ownership of a good or commodity to the buyer in exchange for a monetary price is known as a sale.

Sales and marketing are crucial pillars of every business. They are closely linked and act as a catalyst for generating revenue (profit). While marketing is about building awareness about a brand and organization, sales turn that viewership into profits by converting the potential customers into actual customers.

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Here's an example of a balanced transportation problem with 2 sellers and 3 buyers where applying the North-West Corner Rule gives an optimal solution and the optimal transportation cost is 20.

Let's denote the sellers as S1 and S2, and the buyers as B1, B2, and B3. We'll represent the transportation costs in a matrix where the rows correspond to sellers and the columns correspond to buyers.

   | B1 | B2 | B3 |

--------------------

S1 | 10 | 5  | 5  |

S2 | 5  | 5  | 10 |

Using the North-West Corner Rule, we start by allocating the maximum possible units from the northwest corner (S1, B1) until either the supply or demand is exhausted. In this case, we allocate 5 units from S1 to B1. Then, we move to the next available supply (S1, B2) and allocate 5 units. Finally, we allocate the remaining 5 units from S2 to B3.

The allocated units are as follows:

   | B1 | B2 | B3 |

--------------------

S1 | 5  | 5  |    |

S2 |    |    | 5  |

Now, we calculate the total transportation cost by multiplying the allocated units with their respective costs:

Total cost = (5 * 10) + (5 * 5) + (5 * 10) = 50 + 25 + 50 = 125

However, the given problem states that the optimal transportation cost is 20. Since the cost obtained using the North-West Corner Rule is greater than the optimal cost, the North-West Corner Rule does not provide the optimal solution for this particular transportation problem.

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Answer:

exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.

Explanation:

The economy because they are the primary consumers of goods and services, while the firms are the primary producers of goods and services.

The simple circular flow diagram represents the flow of money, goods and services in an economy. The model demonstrates how households and businesses interact with each other. The diagram includes two markets, the product market and the factor market. In the product market, businesses sell their goods and services to households who use their money to purchase them.

In the factor market, households sell their labor to businesses who use it to produce goods and services. In return, businesses pay wages and salaries to households. The circular flow diagram shows how money moves from households to businesses and back again.

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Answer:

The given statement, "Release of a Bollywood is postponed due to opposition by one of the minister," is an example of a key component of the business environment known as "political and legal factors." This component includes the laws, regulations, and policies set forth by governments, as well as the political stability, ideologies, and actions of political figures that can impact businesses.

It is necessary for business enterprises to systematically analyze and diagnose this environment because it affects their operations, decision-making, and profitability. Changes in laws or regulations that impact the industry in which they operate can create opportunities or threats. The actions or positions taken by politicians or public officials can affect the reputation of the business and its customer base. Therefore, understanding these political and legal factors helps businesses identify potential risks and opportunities so they can adjust their strategies accordingly to thrive in a dynamic environment. Additionally, complying with legal requirements and responding to political pressures is essential for the long-term sustainability of the business.

A company's $100 cash purchase of equipment on Dec. 31, Year 1 will impact the three financial statements (balance sheet, income statement, and cash flow statement) in Year 2 as follows The equipment will be recorded as a fixed asset in the company's balance sheet.

The depreciation expense for the equipment will also be recorded, reducing the value of the fixed asset and accumulated depreciation will be reflected in the liabilities section. The depreciation expense associated with the equipment will be recorded as an operating expense in the income statement, lowering the company's net income. The amount of depreciation depends on the useful life and method of depreciation chosen by the company. The cash flow statement will reflect the $100 cash outflow in the investing activities section as it is a purchase of fixed assets. The depreciation expense, which is a non-cash item, will not directly impact the cash flow statement but will be considered as an adjustment to reconcile net income with operating cash flows.

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Answer:

To prevent foodborne botulism: Use approved heat processes for commercially and home-canned foods (i.e., pressure-can low-acid foods such as corn or green beans

Explanation:

The best answer would be D. Price fixing.

Price fixing refers to the illegal practice where competitors collude to set prices for their products or services, eliminating competition and artificially controlling the market. This activity is considered anticompetitive and violates antitrust laws. Price fixing can lead to higher prices for consumers, reduced choices, and hinder fair market competition.

Bait-and-switch advertising (A) is a deceptive marketing practice where a business advertises a product or service at a low price to attract customers but then tries to sell them a different, usually more expensive, product or service. While unethical, it is not necessarily illegal if certain conditions are met.

Network marketing (B) refers to a business model where individuals earn income by selling products or services and recruiting others to join the business. While there can be legal and legitimate network marketing companies, it can also be associated with pyramid schemes, which are illegal.

Cold calling (C) is a marketing technique where businesses contact potential customers by phone without prior contact or relationship. While it can be seen as intrusive or annoying, it is not inherently illegal unless it violates specific regulations such as telemarketing laws.

Therefore, out of the options provided, D. Price fixing is an example of an illegal business activity.

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Answer:

The appropriate answer is "License agreement".

Explanation:

This statement is True. Automated messages can be a useful tool in customer service for social media (SM).

They can help streamline communication, provide immediate responses, and offer basic information or instructions. Automated messages can be used to acknowledge receipt of a customer's message, provide status updates, answer frequently asked questions, or direct customers to relevant resources.

While they are not a substitute for personalized human interaction, they can enhance efficiency and provide initial support to customers.

It is important, however, to strike a balance and ensure that automated messages are used appropriately, with a clear understanding of when human intervention is necessary to address complex issues or provide a more personalized experience.

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Answer: The action button lets users play the audio file, the sound button will play an audio clip.

Explanation:

The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.

Answer:

Equilibrium price = $5

Equilibrium quantity  = 30 units

Explanation:

Given:

Quantity demanded = Qd = 80 - 10P

Quantity supplied = Qs = -70 + 20P

Find:

Equilibrium price and quantity

Computation:

Equilibrium price and quantity

Qd = QS

So,

80 - 10P = -70 + 20P

150 = 30P

Equilibrium price = $5

Qd = 80 - 10P

Qd = 80 - 10(5)

Equilibrium quantity  = 80 - 50

Equilibrium quantity  = 30 units

If the bond makes semiannual coupon payments, 6.34% is the YTM of the bond.

Given the par value = $2,000

Annual Coupon Rate = 6.99%

Semiannual Coupon Rate =  6.99%  / 2 = 3.495%

Semiannual Coupon = 3.495% * $2,000  =  $69.90

Current Price = 108.711% * $2,000  = $2,174.22

Time to Maturity = 21 years

Semiannual Period = 42

Let semiannual yield to maturity be s%

$2,174.22 = $69.90 x PVIFA(s%, 42) + $2,000 x PVIF(s%, 42)

With the help of Ms. Excel we can have the following data;

N = 42

PV = -2,174.22

PMT = 69.90

FV = 2000

s = 6.34%

Semiannual yield to maturity = 6.34%

Thus the effective annual rate can be found with the following formula

EAR = (1 + Semiannual YTM - 1)

       = (1 + 0.0634 - 1)

        = 1.0634 - 1

        = 0.0634 or 6.34%

Therefore 6.34% should be the effective annual rate.

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