Given that you purchase a T-bill that is 125 days from maturity for $9,765. The T-bill has a face value of $10,000. We need to determine the discount rate and the discount yield.
Also, we need to calculate the 140 days bond equivalent yield. So, The discount on the T-bill is the difference between the face value and the purchase price. Discount = Face value - Purchase price= $10,000 - $9,765= $235The discount rate is the percentage of the discount to the face value.
Discount rate = (Discount / Face value) x 100%=$235/$10,000 x 100%= 2.35%The discount yield is the percentage of the discount to the purchase price. Discount yield = (Discount / Purchase price) x (360 / Days to maturity)= $235/$9,765 x (360 / 125)%= 9.11%The 140 days bond equivalent yield is the yield for 365 days. We calculate the equivalent yield for the remaining 240 days (365 - 125).
Then we calculate the effective yield for 140 days.140 days bond equivalent yield= [(1 + Effective yield)^ (365 / 140) - 1] x 100%Effective yield= [(1 + Discount yield x (Days to maturity / 360))^ (Days to maturity / 240) - 1] x 100%= [(1 + 0.0911 x (125 / 360))^ (240 / 125) - 1] x 100%= 0.09735The 140 days bond equivalent yield= [(1 + 0.09735)^ (365 / 140) - 1] x 100%= 10.00%
Therefore, the discount rate is 2.35%, the discount yield is 9.11%, and the 140 days bond equivalent yield is 10.00%.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Accordinng to the textbook what is the primary goal of business?
According to the textbook, the primary goal of business is to maximize profits.
This is typically achieved by creating and selling products or services that are in demand by customers, while also keeping costs as low as possible to increase profitability. In a competitive marketplace, businesses must continually innovate and improve their offerings to stay ahead of their competitors and maintain their customer base. However, while profits are the primary goal, businesses also have a responsibility to operate ethically and in a socially responsible manner. This includes considering the impact of their operations on the environment, treating employees fairly and providing safe working conditions, and engaging in ethical business practices such as avoiding bribery and corruption. Ultimately, a successful business is one that can balance profitability with ethical considerations and a commitment to social responsibility.
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Suppose, for instance, that a mechanic attempts to involve the car owner in performing some of the simple tasks involved in tuning up the car. Assume these tasks include removing the water pump, changing the air filter, gapping and replacing the spark plugs, and replacing defective distributor cables. What are the legal implications of allowing customers to be in the working area? If the customer is injured, who is responsible for healthcare costs? Who is liable for poor workmanship or failures? How is quality maintained when the skills of customers are variable?
Allowing customers in the working area during car maintenance tasks may have legal implications, particularly regarding the responsibility for healthcare costs if the customer is injured. The mechanic could be held liable for poor workmanship or failures, while the specific circumstances and applicable laws determine the extent of responsibility. Maintaining quality can be challenging when customers have varying skills, but mechanics should ensure professional standards are met regardless of customer involvement.
When customers participate in car maintenance tasks, there are legal implications to consider. If a customer sustains an injury, the responsibility for healthcare costs depends on the circumstances. If the injury resulted from the customer's actions, they may be responsible. However, if the mechanic's negligence contributed to the injury, the mechanic may be held liable for the healthcare costs. Similarly, the mechanic is generally responsible for poor workmanship or failures that occur during the maintenance tasks. To maintain quality, mechanics must provide clear instructions to customers and ensure that all tasks are performed to a professional standard, regardless of the varying skills of the customers. This helps mitigate potential issues and uphold the quality of the work performed.
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what are the Business Activities ?
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
May you help me with this business question I and very struggling
Answer:
availability of direct deposit
The school district and teachers' union are negotiating a new contract. Both sides have made a few small concessions but on the night before school was to start, the teachers' union offered the school district a final offer that would end at midnight when a strike would officially start. The teachers' union agreed to decrease its salary demand by one percent but health insurance and job security demands were non-negotiable. The school district knew that parents were supporting the teachers and a strike would disrupt the community. With two hours until midnight, this time pressure on the part of the school is known as a(n)
The time pressure on the part of the school, with two hours until midnight, is known as a deadline. The school district knew that a strike would disrupt the community and that parents were supporting the teachers, so they were under pressure to reach an agreement before the strike officially started.
The teachers' union had offered a final offer that would end at midnight, indicating that they were not willing to negotiate further. The school district had to consider the potential consequences of a strike and the impact it would have on the community. The deadline created urgency for the school district to make a decision and reach an agreement with the teachers' union before the strike deadline.
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when proving cash , cash balance is compared to _____.?
When proving cash, the cash balance is compared to the chequebook balance. Thus, option 'D' is the correct option.
What is cash balance?The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen financial shortfalls. Without this financial safety net, companies could find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.
Cash balance = beginning cash balance + cash inflows – cash outflows.On the balance sheet, cash is categorized as a current asset, which causes it to rise on the debit side and decrease on the credit side. Due to the order of liquidity, cash will often be at the top of the current asset part of the balance sheet. Currency, bank accounts, and undeposited cheques are all considered cash on a balance sheet.
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Which type of account does not grow tax deferred? a utma account b 529 plan c coverdell esa d health savings account
UTMA Account does not grow tax deffered in nature.
UTMA refers to Uniform Transfers to Minors Act
The term UTMA refers to the law which allows any minor to receive gifts without the help of a guardian or any trustee. Gifts can include different types of items such as money, real estates, patents, royalties, and fine art.
An UTMA account allows the giver of the gift or any appointed custodian to manage the minor's account until the minor becomes of age of 18. It also protects the minor from tax consequences on the gifts, up to a specified value.
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Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?
to determine which company has the best credit card features
to determine if he has a history of good credit
to determine if he needs a credit card
to determine his credit limit
Answer:
B
Explanation:
I took the quiz
Jacob might examine his credit report to determine if he has a history of good credit. Thus the correct option is B.
What is a credit card?A credit card is supposedly a sort of plastic currency that enables a person to make purchases on credit and then reimburse the money with interest at a later date.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
Your creditworthiness, payment history, and ability to repay a loan are all factors that mortgage lenders consider when approving a loan. This enables you to manage and improve your credit rating by demonstrating your credit growth.
Therefore, option B is appropriate.
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which bond portfolio construction is based on a phase in of purchases in installments over time
The bond portfolio construction method that is based on a phase-in of purchases in installments over time is called the laddering strategy.
Under the laddering strategy, the bond portfolio is constructed by dividing the investment amount into equal parts and investing those parts in bonds with varying maturities. For example, an investor may divide their investment into five equal parts and purchase bonds with maturities of 1 year, 2 years, 3 years, 4 years, and 5 years, respectively.
As each bond matures, the proceeds are reinvested in a new bond with the longest maturity in the ladder. This allows the investor to maintain a consistent average maturity for the portfolio while also providing liquidity as bonds mature at regular intervals.
The laddering strategy is a popular method for managing bond portfolios because it can help reduce interest rate risk, which is the risk that changes in interest rates will impact the value of the portfolio.
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if the japanese yen appreciates against the u.s. dollar,
Answer:
If the Japanese yen appreciates against the U.S. dollar,
a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.
b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.
c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.
If the Japanese Yen appreciates against the United States dollar, Japanese consumers gain by a decrease in the dollar price of exports to the United States of America.
What is United States of America?United States of America is a country consists of 50 united states on the north America continent in the western hemisphere.
Currency appreciation is the increase in the value or worth of a currency in relation to the another currency. There are several reasons for the appreciation of the currencies and these include the interest rates, government policy, business cycles and trade balances. The value of a currency changes based on its supply and the demand in the forex market. These fluctuation in values makes firms and traders increase or decrease their financial assets and profit off them.
An appreciation results in cheaper exports and expensive imports. If the Japanese yen appreciates, it means lesser the amount would be needed to purchase a dollar thereby resulting in Japanese businesses gaining a reduction in the price of exports to the United States of America.
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Case Problem Analysis: Mid-Pacific Tennis Courts (MPTC), a small family-held corporation, hired Leroy Jacob as a salesperson. Jacob devised a scheme to defraud MPTC. Using MPTC customer leads, Jacob entered into contracts with potential customers to build tennis courts without informing MPTC. Jacob accepted checks from potential customers made payable to MPTC. Jacob then deposited those checks in his personal bank account with Peoples Bank & Trust Co. (Peoples Bank) without indorsement or permission by MPTC. Jacob took the money and disappeared. When MPTC learned of the fraud and discovered that the checks were accepted for deposit by Peoples Bank in Jacob’s personal account, MPTC sued Peoples Bank to recover the amount of the checks in question. Did Peoples Bank properly accept the checks for deposit?
Identifying the Facts and Issues
The Uniform commercial Code (UCC) has the following requirements for instrument to be negotiable: the instrument must be in writing, the instrument must be payable to order of or to the bearer, the instrument must include an unconditional promise, the instrument must state a fixed amount of money, the instrument must be payable on demand, and ______. A transfer of an order instrument requires the ______ of the payee. An indorsement is a _____ which is typically placed _____. Generally, the purpose of an indorsement on an instrument is to ______. The checks deposited by Jacob _____ indorsed by MPTC. Therefore, Peoples Bank ____ accepted the checks for deposit.
What If the Facts Were Different?
Assume that Jacob convinced the potential customers to write checks out to him personally, rather than MPTC. Jacob then signed the checks and deposited them with Peoples Bank. Peoples Bank had no notice of the fraud.
In this case, _____ is the drawer, and _____ is the payee.
MPTC’s name ____ appear on the check. The checks _____ negotiable. Therefore, Peoples Bank ____ accepted the checks for deposit.
The UCC does not require that a negotiable instrument be payable on a particular date or at a particular time. The checks were not properly accepted for deposit by Peoples Bank since MPTC did not endorse them.
Where does an endorsement usually go?Normally, endorsements are found on the instrument's back, although they can also be found attached to the instrument as a piece of paper. An allonge is the name for such a connection.
Among the following, which expresses endorsement?If the indorser adds an instruction to pay the amount listed in the instrument to, or to the order of, a specific person, the indorsement is considered to be "in blank" if he signs his name alone.
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as the global market for sunscreen products with a high spf has become extremely competitive in recent months, block-it sun products newly appointed cfo believes the company should address its minimum efficient scale and attempt to lower it. what is a consequence of a low minimum efficient scale?
A low minimum efficient scale may leads to decline the market share of Block-It Sun company and also its revenue.
What is revenue?Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations in ordinary course of economic activity.
The gross income of gross revenue figure is used to calculate net income by deducting revenue nature nominal account expenses & losses of particular accounting period. Sales are another name for revenue in the income statement.
Thus if the company made a low minimum efficient scale then the production as well as market share both will decline and lead to lower revenue.
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How do you value a property? What are the trade-offs of these methodologies?
It can be more difficult than you might imagine to value your own property. One of the main reasons individuals opt to use estate agents is because there are so many factors involved in arriving at an accurate appraisal methodologies.
A methodology is described as "a system of practises, techniques, procedures, and rules used by those who work in a discipline" by the Project Management Institute (PMI). Lean methods, Kanban, and Six Sigma are a few examples of project management methodologies. For instance, a qualitative methodology might be used to comprehend people's perspectives of an event that occurred or a candidate who is running for president. In contrast, a quantitative methodology is frequently used when the goals and aspirations of the research are confirmatory. Methodology is a reference to the overall strategy and goal of your study's objectives.
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Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
Find the area of a rectangle with the length measuring 8 km and the width measuring 5 km.
A. 26 m2
B. 40 m2
C. 40 km2
D. 26 km2
Answer:
The answer is C. 40 km^2
8km*5km = 40
A = L*W
L = 8 km
W = 5 km
How do improvements in productive technology enable firms to produce more units of output?
Improvements in productive technology enable firms to produce more units of output by enhancing efficiency, boosting productivity, achieving economies of scale, improving product quality, and driving innovation.
Improvements in productive technology enable firms to produce more units of output through several mechanisms:
Increased efficiency: Productive technology advancements often lead to improved efficiency in production processes. This can involve automation, streamlined workflows, optimized resource allocation, or better utilization of inputs. These efficiency gains enable firms to produce the same amount of output with fewer resources or produce a greater quantity of output with the same resources.Enhanced productivity: New technologies often enhance productivity by enabling workers to accomplish more in less time or with less effort. For example, the introduction of advanced machinery or computer software can speed up production processes, reduce manual labor requirements, and enable workers to produce more output per unit of time.Economies of scale: Productive technology improvements can also enable firms to achieve economies of scale. This means that as production levels increase, the average cost per unit of output decreases. By leveraging advanced technology, firms can expand their production capacity and take advantage of the benefits that come with larger-scale operations, such as reduced unit costs and increased output.Quality improvements: Technological advancements can also lead to improvements in the quality of output. This can include better precision, higher consistency, reduced defects, or enhanced customization capabilities. Higher-quality products often command a higher market value, enabling firms to increase their output and revenue.Innovation and new product development: Advancements in productive technology can stimulate innovation and facilitate the development of new products or services. This enables firms to expand their product offerings, tap into new markets, and increase their overall output.Overall, improvements in productive technology enable firms to produce more units of output by enhancing efficiency, boosting productivity, achieving economies of scale, improving product quality, and driving innovation. These advancements contribute to increased production capacity, higher output levels, and potentially greater profitability for the firm.
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Why is it important to draw a line up to the word DOLLARS when writing the amount of a check in words?
a)Large letters are easier to read
b)The bank will not cash the check unless you draw the line
c)It's safe way to prevent someone other than you from changing the amount
c. It's safe way to prevent someone other than you from changing the amount Writing the dollar amount in words is important for a bank to process a check as it confirms the correct payment total.
The official money of the United States of America is the USD (United States dollar). It is distinguished from other currencies based on the dollar by the symbol $ or US$. The most common currency used in transactions worldwide is the U.S. dollar, which is regarded as a standard. Additionally, numerous nations outside of the United States utilise it as their official currency, and many more use it in addition to their own as an unofficial currency.
You can use the check register in your chequebook when you write a check, spend cash, or deposit money into your checking account. This part of your chequebook is intended to serve as a recorder of all of your financial transactions, including check writing, debit card purchases, online purchases, ATM withdrawals, and online transactions.
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What type of speech does not receive First Amendment protections? Choose 3 answers. speech that incites lawlessness obscenity unpatriotic speech threats to the president of the United States
Speaking in a way that will soon result in illegal behaviour is not protected by the First Amendment. This type of discourse must be addressed to a particular individual or group. It must be a clear command to take quick, illegal action.
What does First Amendment protect?According to the First Amendment, Congress cannot enact laws that restrict the free exercise of religion or that regard religion as an establishment. It safeguards the rights to free expression, the press, assembly, and the filing of complaints with the government. Speech that encourages impending illegal activity is not protected by the First Amendment. A single individual or group must be the target audience for this type of discourse. It must be a clear command to take unrestrained, unlawful conduct right away. The speech must be anticipated to actually result in illegal behaviour.
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Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?
Answer:
$2,500,000
Explanation:
.From a monetarist perspective, instability in the macro economy rises from:A) secular trends in the economyB) the instability of velocity as a policy toolC) discretionary changes in monetary policyD) the use of monetary rule of monetary policy
From a monetarist perspective, instability in the macro economy primarily arises from option C) discretionary changes in monetary policy.
Monetarism is an economic theory that emphasizes the role of money supply in determining economic outcomes, particularly inflation and economic stability. Monetarists argue that fluctuations in the money supply, influenced by discretionary actions of central banks, are a major source of instability in the economy.
Monetarists believe that changes in the money supply have a direct impact on aggregate demand and, consequently, on inflation and economic activity. They contend that if the money supply is increased rapidly, it leads to inflationary pressures and, conversely, if it is contracted too severely, it can result in recessions and high unemployment. Therefore, according to monetarists, maintaining a stable and predictable growth rate in the money supply is crucial for achieving macroeconomic stability.
Discretionary changes in monetary policy refer to the actions taken by central banks to adjust interest rates, open market operations, reserve requirements, or other policy tools to influence the money supply and interest rates in response to current economic conditions. Monetarists argue that such discretionary policy actions are often driven by short-term considerations and can lead to unintended consequences, including economic instability.
Monetarists advocate for a rules-based approach to monetary policy, as expressed in option D) the use of a monetary rule. They argue that a clear and predictable monetary policy framework, based on a predetermined rule such as targeting a specific growth rate in the money supply, can help anchor expectations, reduce uncertainty, and promote long-term economic stability. According to monetarists, discretionary changes in monetary policy can introduce volatility and uncertainty, as they are influenced by subjective judgments, political considerations, or short-term economic conditions.
While secular trends in the economy (option A) and the instability of velocity as a policy tool (option B) can have some impact on macroeconomic stability, monetarists place greater emphasis on the discretionary nature of monetary policy as the primary source of instability. They believe that by reducing discretionary policy actions and following a consistent and rules-based approach to monetary policy, the economy can achieve more stable and predictable outcomes.
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Prepaid insurance $ 2,300; Inventory $ 1,800; Cash $ 2,500; Equipment $ 6,700; Accounts receivable $ 1,500; Trademarks $ 5,600; Debt investments (long-term) $ 3,300; Accumulated depreciation—Equipment $1,600
Answer:
The correct answer to the following question will be "$22100".
Explanation:
The given values are:
Prepaid insurance
= $2,300
Inventory
= $1,800
Cash
= $2,500
Equipment
= $6,700
Accounts receivable
= $1,500
Trademarks
= $5,600
Debt investments
= $3,300
Accumulated Depreciation
= $1,600
Now,
⇒ Total assets = Prepaid Insurance + Inventory + Cash + Equipment + Accounts receivable + Trademarks + Debt investments - Accumulated Depreciation
On putting the estimated values, we get
⇒ = \(2300 + 1800 + 2500 + 6700 + 1500 + 5600 + 3300 - 1600\)
⇒ = \(23700 - 1600\)
⇒ = \(22100\)
1) Blue Builders Company issue bonds with a par value of $280,000 on January 1, 2020. The bonds’ annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $244,000.
What is the amount of the discount on these bonds at issuance?
How much of the discount will be amortized over 6 months?
How much interest expense will be recognized over a 6-month period?
The amount of discount on the bonds at issuance is $36,000. The discount amortized over 6 months is $6,000. Interest expense is $29,280.
To compute how much markdown on the par value of bonds at issuance, we want to find the contrast between the standard worth of the bonds and the returns got from their deal. For this situation, the standard worth is $280,000, and the bonds were sold for $244,000. In this manner, the rebate on the bonds at issuance is $280,000 - $244,000 = $36,000.
The markdown on the bonds will be amortized over their leftover life, which is three years or six semiannual periods. To decide how much markdown amortized north of a 6-month time span, we partition the complete rebate by the quantity of periods. In this way, the rebate amortized more than a half year is $36,000/6 = $6,000.
The premium cost perceived north of a 6-month time frame can be determined by increasing the conveying worth of the securities toward the start of the period by the successful loan fee. The successful loan fee is the market rate at the date of issuance, which is 12%.
In the initial half year time frame, the conveying worth of the bonds is the underlying returns gotten from their deal, which is $244,000. The interest cost for this period is $244,000 * 12% = $29,280.
To sum up, how much markdown on the bonds at issuance is $36,000. The rebate amortized more than a half year is $6,000. The interest cost perceived more than a 6-month time frame is $29,280.
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a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
Vhich of these is an example of a conceptual skill?
O A. Managing a customer complaint
B. Operating office machinery
C. Understanding how promotion will support the company
D. Completing monthly invoices
Answer:
C
Explanation:
Understanding how promotion will support the company: is based on the mental thinking of the person and not based on what he/she was taught.
An example of a conceptual skill is Understanding how the promotion will support the company. Thus the correct option is C.
What are skills?Skills are referred to as unique qualities, traits, abilities, and talents an individual carries which differentiate them from others and help them to gain a competitive advantage over others to achieve the goals of life.
The ability to see an organization's whole image falls under the category of conceptual skills. For those who hold administrative positions and are responsible for making decisions for the organization, conceptual skills are especially crucial.
Understanding how the promotion will support the company is an example of conceptual skills giving an image in a broader sense which symbolizes the traits of conceptual skills that helps managers to make decisions.
Therefore, option C is appropriate.
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blake has just written an e-mail message to his colleagues. before sending it, he wants to make sure that it has high skim value. in doing so, he is checking . a. format b. clarity c. punctuation d. conciseness
The correct option is a. While writing the email Blake will be checking the format of the email.
The exchange of communications using electronic devices is known as electronic mail. Thus, during a time when mail primarily referred to physical mail, email was conceptualised as the electronic equivalent of or counterpart to mail. Later, email spread like wildfire as a means of communication, to the point where it is now commonly accepted that having an email address is a fundamental requirement for many activities in business, marketing, government, schooling, entertainment, and other areas of daily life in most developed nations. The medium is email, and each message transmitted through it is referred to as an email. It also has a particular format.
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when preparing for employment, you must know yourself, know the job market, and know the employment process. when evaluating your professional interests, which question should you ask yourself? how important are working environments, colleagues, and job stimulation to me? how well do i know the required software packages? should i apply online or in person?
Preparing for employment, How important are working environments, colleagues, and job stimulation to me? evaluating your professional interests, as they ask in own basis. Thus, option (b) is correct.
It was the interest on which sector as employment. A person can find the kinds of employment and work situations that would be the most rewarding and satisfying for you by understanding your preferences for working environments, coworkers, and job stimulation.
When preparing for a job, other crucial questions to ask yourself include figuring out your hobbies, values, personality traits, and present skills.
Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
When preparing for employment, you must know yourself, know the job market, and know the employment process.
when evaluating your professional interests, which question should you ask yourself?
How do businesses compete for customers?
Answer:
marketing team and review resources
when members of a social media community help each other solve problems with a product, to which primary value chain activity are they contributing?
In the course of using a product, we might sometimes encounter problems in the process. So, when members of a social media community help each other solve problems with a product, they are contributing to;
Customer ServiceCustomer service refers to the act of rendering assistance to customers before, during, and after their purchase of a product.
When they have inquiries about certain products and the way they are used, any help rendered to them translates to customer service and this is a primary value chain activity.
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Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?
a. Greyhound bus system