Ron Jones, vice president of a large construction firm, receives in the mail a large envelope marked "personal." It contains a competitor's cost data for a project that both firms will be bidding on shortly. The data are accompanied by a note from one of Ron's subordinates saying: "This is the real thing!" Ron knows that the data could be a major advantage to his firm in preparing a bid that can win the contract. What should he do? 1. What is at stake for the main character? 2. What are the reasons and rationalizations you need to address? 3. What is at stake for the "other" key parties? 4. What "levers" or counter
Answers
Ron should not use the cost data from the competitor's company to prepare a bid. This would be considered unethical.
1. What is at stake for the main character?For Ron Jones, the vice president of a large construction firm, the stakes are high. He must decide whether or not to use confidential data provided by one of his subordinates to gain an advantage over a competitor on a project both firms are bidding on. Ron could risk losing his job and damaging his reputation if he chooses to use this information without permission.
2. What are the reasons and rationalizations you need to address?Ron may have some reasons and rationalizations to support the use of the competitor's confidential data. For example, he may believe that it is common practice in the industry to use all available information to gain an advantage. However, these rationalizations do not justify his actions and are ethically wrong.
3. What is at stake for the "other" key parties?For the competitor, their chances of winning the contract are at stake. They may lose the contract if Ron's firm is able to prepare a better bid with the confidential data. For Ron's subordinate who provided the data, their job and reputation could be at risk if it is discovered that they provided confidential information to Ron.
4. What "levers" or counter-strategies could the other key parties use?The competitor could take legal action against Ron's firm if they discover that confidential data was used in the bidding process. Ron's subordinate could also face disciplinary action if it is discovered that they provided confidential data to Ron without permission.
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Related Questions
the personal media strategy lecture discussed three realms of social media leadership. the first is branding, the second is engaging, and the third is:
Answers
The personal media strategy lecture discussed three realms of social media leadership. The first is branding, the second is engaging, and the third is learning.
What are private social media platforms?A personal social network is a website that enables users to communicate with "personal relationships in a shared social area," according to the FTC. Platforms like Pinterest, which it referred to as interest-based platforms, are excluded by this criteria.
How do social media platforms affect leadership?Both communication and competitive advantage are enhanced. Getting CEOs on other networks goes beyond merely giving the leadership a forum to express their ideas since social media is all about two-way communication. Moreover, it's about maintaining relevance and fostering connections.
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Which situation is an ethical dilemma?
A. reporting the actions of a supervisor regarding his use of a company car for personal errands
B. launching a new product catering to the elite section of society
C. hiring female employees for top management jobs in the company
D.opening a new plant that offers jobs to the economically weaker sections of society
Answers
Answer:
The answer is A. reporting the actions of a supervisor regarding his use of a company car for personal errands
Explanation:
Trust me, I just took the quiz. This is the correct answer.
Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences
Answers
Answer: D. Math, literacy, natural sciences, and social sciences
Explanation:
General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.
Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.
The difference between the net method of recording sales discounts and the gross method of recording sales discounts is a the net method records an invoice at the total invoice amount and the gross method records an invoice at the gross sales amount plus any discounts b. the gross method records an invoice at the gross sales amount and the net method records an invoice at the gross sales amountless any discountsc. the net method records an invoice at the gross sales amount plus any discounts and the gross method records an invoice at the gross sales amount d. the gross amount records an invoice at the gross sales amountless any discounts and the net method records an invoice at the gross sales amount plus any discounts
Answers
The gross method records an invoice at the gross sales amount and the net method records an invoice at the gross sales amount less any discounts.
How do gross sales work?
Gross sales are the total amount of sales that a business has completed over a specific time period. Gross sales are reduced by sales allowances, sales discounts, and sales returns to determine net sales. The total revenue a firm generates before any deductions, such as taxes and costs, are made is referred to as gross sales.
What distinguishes net sales from gross sales?
Net sales are the total of your gross sales less any deductions, including discounts, refunds, and allowances (we'll go into more depth on these deductions later). Your profit margin will be bigger the more closely your net sales would match your gross sales.
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Which employee is most likely to have a pension plan?
OA. A food bank volunteer
B. A part-time food server
OC. A family physician
D. A public school teacher
Answers
A public school teacher most likely to have a pension plan.
What does a pension plan mean?A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
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i. What is meant by derive demand? a. The demand is derived in beginning economic classes.
b. The demand is derived from income, tastes, etc. of sellers.
c. The demand is derived from the price elasticity of demand.
d. The demand for a resources id derived from the demand for what it can produce.
Answers
Answer:
D is the answer ( The demand for a resources is derived from the demand for what it can produce.)
Explanation:
Alex owns an event management company. His customer service strategy should focus on valuing customers for the growth of the company.
Answers
Answer:
The correct answer is: "D. Both external and internal".
Explanation:
The only possible answer to fill in the space is letter D because it is reasonable to think that a company should focus both on external and internal values for customers in order to make it grow for both parts. As it is an event management company, it is very important to highlight the external demands and how they come and go with clients, agencies, and subsidiaries, while the company must take care of their internal customers who are more responsible for maintaining their strategy going on properly.
A company is just getting started and needs new equipment but does not have a larhe amount of cash since the company business will also require frequent updating of the equipment it is better to the equipments
Answers
Answer:
Lease
Explanation:
A company is just getting started and needs new equipment but does not have a large amount of cash since the company business will also require frequent updating of the equipment it is better to lease the equipment.
It is best to lease the equipment when a business is just getting off the ground and requires new equipment but does not have a lot of cash on hand because the equipment will need to be updated frequently for the business.
The conditions under which one party agrees to rent an asset—in this case, property—owned by another party are outlined in a lease. It ensures the tenant, also known as the lessee, has access to the property and, in return, assures the lessor of monthly payments for a predetermined duration. If either party violates the contract's conditions, there will be repercussions for both the lessee and the lessor. A type of incorporeal right is a lease.
The details of rental agreements for real estate, as well as for real and personal property, are outlined in leases, which are legally enforceable contracts. These contracts are binding by both parties and contain obligations for each party to carry out and uphold the agreement.
Although not all leases are created equally, they all share key characteristics. These include the rent payment amount, the rent payment due date, and the lease expiration date. Before inhabiting the property, the tenant must sign the lease, indicating their agreement to its terms.
The majority of residential leases are uniform and have the same conditions for all tenants. Contrarily, commercial property leases are typically arranged according to the specific lessee and normally last between one to ten years, with larger tenants frequently having longer, more complicated lease arrangements.
Beyond residential leases, tenants who rent commercial buildings can choose from a number of lease forms, all of which are designed to place more responsibility on the tenant and increase the landlord's upfront profit.
In some commercial leases, the tenant is required to pay rent along with the landlord's operating expenses, whereas in other leases, the tenant is required to pay rent along with real estate taxes and insurance.
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1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)'
Answers
Answer:
0.31
0.27
Explanation:
Here is the full question used in answering this question
Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: (Enter your answers in millions, not in dollars.)
($ in ,millions)
Current assets:
Cash and cash equivalents $307
Current investments 82
Net receivables 218
Inventory 122
Other current assets 138
Total current assets $867
Current liabilities:
Accounts payable $1,165
Short-term debt 709
Other current liabilities 904
Total current liabilities $2,778
Required:
Calculate the current ratio and the acid-test ratio for Queen's Line
Current ratio is an example of a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations. the higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations
Current ratio = current asset /current liability
867 / 2778 = 0.31
Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities
Acid test ratio = (current asset - inventory) / current liabilities
(867 - 122) / 2778 = 0.27
State 5 differences betweeen a stencil suplicator and a spirit duplicator
Answers
Answer:
spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.
I hope is helpful
please i want to be a branalist
Explanation:
Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
Answers
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
Please mark me brainliest if someone else answers :>
why will the wages for apple pickers increase?
Answers
Answer:An increase in the demand for apples increases the demand for the labor force also increasing the prices for the apples. This results in an increase in wage for apple pickers due to work increment.
Explanation:pls braliant my answer
If you are a Japanese producer who sells products in the US, you want a foreign exchange future without going through the futures market. So, you borrow money in dollars with an interest rate of 5% and immediately convert it to yen at a rate of 1 dollar to 100 yen. Then you put the money in a Japanese interest-bearing account with an interest rate of 10%. What is the forward exchange rate in this case?
Answers
Answer:
104.76 yen per dollar
Explanation:
the forward rate = spot rate x [(1 + foreign interest rate) / (1 + domestic interest rate)] = 100 yen x [(1 + 10%) / (1 + 5%)] = 100 yen x (1.1 / 1.05) = 104.76 yen per dollar
Since the interest rate in Japan is higher than the interest rate in the US, investors will start to purchase more yens in order to gain higher interest rates, which will eventually appreciate the yen against the dollar until both interest rates match.
how do i comment on a question
Answers
Answer:
click the three dots in to the corner then press comments.
If your on pc go to under the question and you should be able to comment there as well.
Both price floors and price ceilings, when effective, lead to:
a. shortages
b. surpluses
c. an increase in the quantity traded
d. a reduction in the quantity traded
Answers
Both price floors and price ceilings, when effective, lead to B) surpluses.
Both price floors and price ceilings are government-imposed limits on the price that can be charged for a good or service. A price floor is a minimum price set by the government above the equilibrium price, whereas a price ceiling is a maximum price set by the government below the equilibrium price. In the short run, both price floors and price ceilings can have an impact on the market.
When a price floor is effective, it leads to a B) surplus. This is because the price floor is set above the equilibrium price, meaning that there is a quantity supplied that exceeds the quantity demanded. This results in a surplus of goods that cannot be sold at the higher price. For example, if the government sets a minimum wage above the equilibrium wage, it will result in an excess supply of workers, leading to an increase in unemployment.
When a price ceiling is effective, it leads to a shortage. This is because the price ceiling is set below the equilibrium price, meaning that there is a quantity demanded that exceeds the quantity supplied. This results in a shortage of goods that cannot be produced or supplied at the lower price. For example, if the government sets a maximum price on rent below the equilibrium rent, it will result in a shortage of rental housing, leading to an increase in homelessness.
Neither price floors nor price ceilings lead to an increase in the quantity traded or a reduction in the quantity traded. Instead, they affect the allocation of goods or services by changing the price. A price floor or price ceiling may be effective in the short run, but in the long run, market forces will eventually push the price toward the equilibrium price, which is the price at which the quantity demanded equals the quantity supplied. Therefore, the best policy is to let the market determine prices and quantities, as it will naturally reach an equilibrium that is efficient and fair.
In conclusion, both price floors and price ceilings have an impact on the market, but they lead to different outcomes. A price floor leads to a surplus, while a price ceiling leads to a shortage. Neither price floors nor price ceilings lead to an increase or a reduction in the quantity traded. Instead, they affect the allocation of goods or services by changing the price. Ultimately, the best policy is to let the market determine prices and quantities, as it will naturally reach an equilibrium that is efficient and fair.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Which descriptions are examples of Facility and Mobile Equipment Maintenance workers?
Check all that apply.
(there’s probably around 3)
Jonathan tests and fixes systems for helicopters.
Angel analyzes ways to improve the flow of traffic.
Sarah cleans and services diesel engines for boats.
Damon loads cargo into ships.
Ariel repairs bicycles for customers.
Heather takes passengers to destinations in a taxi.
Answers
Answer:
1)Jonathan tests and fixes systems for helicopters.
3)Sarah cleans and services diesel engines for boats.
5)Ariel repairs bicycles for customers.
Explanation:
I just put these answers on edge and got them right :)
Answer:
1,3,and 5
Explanation:
Abbott Company purchased $7,100 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements
Answers
In the _____ phase of the decision making process, managers set criteria for the evaluation of alternative potential solutions.
Answers
In the design phase of the decision-making process, managers set criteria for the evaluation of alternative potential solutions.
Assessment affords a scientific method to look at an application, practice, intervention, or initiative to apprehend how well it achieves its desires. Evaluations assist determine what works well and what will be progressed in a program or initiative.
In well-known, there are three reasons why critiques are conducted: to determine plausibility, probability, or adequacy. As discussed in the Constraints on opinions module, assets for opinions are limited, and determining the motive for the evaluation can keep each money and time in program budgets.
Typically the role of values in assessment refers to evaluators taking responsibility for making judgments approximately the benefit or really worth of an evaluand.
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Which of the following crimes, by definition, involves the use of fear or Force
Answers
Hope that’s makes sense
A W-4 form is given to you by your employer to complete for that specific job. Which statement below is definitely TRUE? Responses He started working at this job during the 2019 tax year He started working at this job during the 2019 tax year He submitted the W-4 a few days after he started He submitted the W-4 a few days after he started He completed this W-4 for his job at Big City Office Furniture He completed this W-4 for his job at Big City Office Furniture He lives and works in the same city
Answers
Option (c), Your company provides you with a W-4 form to complete for that particular employment. He completed this W-4 for his position at Big City Office Furniture, which is the accurate statement.
What does a W-4 represent?You must fill out and submit the W-4 Form to the IRS to inform your employer of the amount of federal income tax that should be withheld from your paycheck and sent to the IRS. Correctly completing your W-4 might prevent you from accruing a huge tax debt come tax season or paying excessive amounts of taxes throughout the year.
The W-4 form has what purpose?Customers fill out an IRS form to advise their employers of the amount of federal income taxes that should be withheld from each paycheck.
In the method described above, employers are given instructions on the amount of tax to be withheld from an employee's regular salary.This document has been used by employers to validate a person's identification and employment authorization in the United States.Learn more about W-4 form: https://brainly.com/question/15507745
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The complete question is:
A W-4 form is given to you by your employer to complete for that specific job. Which statement below is definitely TRUE?
Responses
He started working at this job during the 2019 tax year He submitted the W-4 a few days after he started He completed this W-4 for his job at Big City Office Furniture He lives and works in the same cityNevada State is planning to purchase a $900,000 bulldozer. The bulldozer is expected to produce cash flows of $468,500, $459,000, and $200,000 over the next three years. The rate of return on the bulldozer is:
14.10%
12.94%
13.53%
13.94%
12.78%
Answers
The correct answer to the given problem is option D, 13.94%.Explanation:Given,The cost of the bulldozer
= $900,000The expected cash flows
= $468,500, $459,000, and $200,000 over the next three years.
Calculate the Internal rate of return to determine the rate of return on the bulldozer.
The internal rate of return (IRR) for a potential investment is the rate at which the investment's net
present value (NPV) equals zero. This is sometimes known as the "break-even" point because it is the rate at
which the investment pays for itself. IRR is expressed as a percentage.The formula for calculating
IRR is as follows:NPV = (CF0 / (1+IRR)^0) + (CF1 /
(1+IRR)^1) + (CF2 / (1+IRR)^2) + (CF3 / (1+IRR)^3)... + (CFn / (1+IRR)^n)0 = (CF0 / (1+IRR)^0) +
(CF1 / (1+IRR)^1) + (CF2 / (1+IRR)^2)NPV =
Present value of cash inflows - Initial
cost= -900,000+ 468,500/(1+IRR)¹ + 459,000/
(1+IRR)² + 200,000/(1+IRR)³= -900,000 + 415,743.04 + 374,409.45 + 154,909.91= -900,000 + 945,062.4NPV = $45,062.4
at IRRRate of Return on the bulldozer = IRR *
100Rate of Return on the bulldozer = 13.94%
Therefore, the rate of return on the bulldozer is 13.94%.
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Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Answers
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
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Question 22 CASE: Marketing Mix consists of the 4 P's. One of those P's is Promotion, Which tool of the promotion mix, in the most immediate, customized, and interactive? QUESTION: Identity that promotion mix tool
Answers
The promotion mix tool that is the most immediate, customized, and interactive is Personal Selling.
Personal selling is the promotion mix tool that is the most immediate, customized, and interactive. Personal selling is a promotional tool that involves face-to-face interaction between the buyer and the seller. This promotional tool requires that a sales representative or salesperson visit the customer or potential customer in order to make a sales presentation or to make a sale.In personal selling, the salesperson builds a relationship with the customer. The salesperson understands the needs and wants of the customer and tailors his or her approach to meet those needs and wants.
The salesperson can immediately answer any questions or concerns that the customer may have. This personalized approach is much more effective than other forms of advertising because the salesperson can provide the customer with the information that they need in order to make a decision about the product or service being sold.
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Tia is going to carry a large piece of scrap metal to the dumpster. It's heavy and
has sharp edges. What PPE should she use to keep herself safe?
Answers
She needs a full complement of personal protective equipment, or PPE, for workers in a scrap metal facility. This includes protective eyewear, footwear, helmets, and gloves.
Personal protective equipmentPersonal protective equipment is the equipment that is used to protect us from harm or danger.
They are an important part of the costume in manufacturing industries and even in our homes.
For Tia that is going to carry a large piece of scrap metal to the dumpster, she needs a full complement of personal protective equipment, or PPE, for workers in a scrap metal facility. This includes protective eyewear, footwear, helmets, and gloves.
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When gas prices are $2.73 per gallon, the annual supply for gas in New York State is 135 billion gallons and the annual
demand is 141 billion gallons. When the price increases to $3.26 per gallon, the annual supply increases to 147 billion gallons and the
demand decreases to 137 billion gallons.
(a) Assuming that the supply and demand equations are linear, Ofind the supply and demand equations.
Supply Equation p =
Demand Equation p =
Note: The equations should be in the form p = mq + b where p denotes the price (in dollars) and q denotes the quantity (in billions).
The slope and y-intercept should include 3 decimal places, or be left as fractions.
(b) Find the market price and quantity.
market price p =
market quantity q =
Note: The market price and quantity should include 3 decimal places (or left as fractions), and the market price should include a dollar
sign.
Answers
The supply equation is p = 0.044q - 3.21.
How to compute the supply equation?The supply will be:
p = mq + b
2.73 = 135m + b
3.26 = 147m + b
Subtract both equations
12m = 0.53
m = 0.53/12
m = 0.044
We'll substitute it and this will be:
2.73 = 135m + b
2.73 = 135(0.044) + b
2.73 = 5.94 + b
b = -5.94 + 2.73 = -3.21
The supply equation will be
p = mq + b
p = 0.044q - 3.21
The demand equation will be:
2.73 = 141m + b
3.26 = 137m + b
Subtract the equations
4m = -0.53
m = -0.1325
2.73 = 141m + b
2.73 = 141(-0.1325) + b
b = 2.73 + 18.68
b = 21.41
The demand equation will be
p = -0.1325q + 21.41.
The equilibrium condition will be:
0.044q - 3.21 = -0.1325q + 21.41.
0.044q + 0.1325q = 21.41 + 3.21
0.1765q = 24.62
q = 140
Equilibrium quantity = 140
The market price will be:
p = 0.044q - 3.21
p = 0.044(140) - 3.21
p = 2.95
The market price is 2.95.
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What does the Fair Credit Reporting
Act focus on?
A. The borrower's rights in regard to their credit
report.
B. The bank's ability to change customer's credit
reports.
C. The government's ability to see an individual's tax
forms.
D. The lender's rights in hiding loan information.
Answers
:) hope this helps
The organization that became the federal bureau of investigation was originally formed to?
Answers
Agents initially focused primarily on white-collar and civil rights cases, such as antitrust, land fraud, banking fraud, copyright violations, naturalisation violations, and peonage (forced labor). It dealt with a few matters pertaining to national security as well, such as treason and some anarchist activity.
What is anarchist activity?
Anarchism is a political ideology and movement that rejects any justifications for authority and seeks to destroy the structures that it believes sustain unnecessarily strong hierarchy and coercion, which frequently includes, but is not limited to, governments, nation states, and capitalism. a person who rebels against any authority, established order, or ruling force. : a supporter of anarchism or anarchy. Particularly: someone who challenges the current order through violent means. the adjective "anarchist." Anarchy, which is a belief system that rejects governmental authority in favour of self-government or community consensus, is derived from a Greek phrase that means "having no ruler" and has come to be synonymous with disorder and the dissolution of civil order.
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What are the 5 questions that you should ask before investing?
Answers
How much money is required to meet your investment goals, How long will it take to get the money, When investing, you should consider your level of risk tolerance as well as any potential economic or personal circumstances.
When we allocate money to financial items like stocks, bonds, and ETFs, we give it structure and a mission. Setting investment goals and investing go go together with good personal finance habits like saving for emergencies and controlling expenditure. Based on age, income, and outlook, investment objectives can be divided into three categories. Age could also be broken down into three distinct categories young and beginning, middle-aged and establishing a household, and old and independent.
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What financial resources are required to attain your investment goals? When will you get the money? When investing, you should consider your risk tolerance as well as any potential economic or personal conditions.
What exactly is investing?Investing is the process of purchasing assets that increase in value over time and produce returns in the form of income payments or capital gains. Investing can also refer to spending time or money to enhance your own or others' lives.
However, in the world of finance, investing is the purchase of stocks, real estate, and other valuable items in the pursuit of capital gains or income. Investing works when you buy an asset at a cheap price and sell it at a higher price. This type of return on investment is known as capital gain.
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