Money can increase the standard of living by providing a standard means of exchange for goods and services. Instead of having to barter for what they need, individuals can use the money to buy what they need, making trade much easier and more efficient.
This can lead to increased economic growth and opportunities. Money facilitates trade and can increase the standard of living by acting as a medium of exchange, which simplifies transactions and allows for greater efficiency in allocating resources. This efficiency promotes economic growth, leading to improved productivity and a higher standard of living.
While currency is indeed the most liquid type of asset, it is also subject to inflation and depreciation. Holding all of one's wealth in currency can lead to a decrease in value over time. Therefore, people often choose to invest their wealth in assets that have the potential to increase in value over time, such as stocks, real estate, and other financial instruments. This allows them to maintain the value of their wealth and potentially even grow it over time.
Regarding the store of value feature, while the currency is indeed the most liquid asset, people do not hold all their wealth as currency because it doesn't typically generate returns or appreciate in value. Instead, individuals invest in assets like stocks, bonds, and real estate, which have the potential to grow their wealth over time. Additionally, holding large amounts of currency can be risky due to inflation and theft concerns.
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Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
a(n) __________ is a standard measure to assess performance in a particular area.
A benchmark is a standard measure that is used to assess performance in a particular area. It is a point of reference against which the performance of an organization or individual is compared.
Benchmarks can be set for various aspects of performance, including financial performance, customer satisfaction, employee productivity, and quality control. These benchmarks can be set by industry associations, regulatory bodies, or other organizations that have expertise in the specific area being measured.
Benchmarks are important for a number of reasons. Firstly, they provide a way to measure performance objectively, rather than relying on subjective opinions or gut feelings. This can be especially important in industries where performance can have a significant impact on the bottom line. Secondly, benchmarks can be used to identify areas for improvement, by highlighting where performance falls short of industry standards.
Finally, benchmarks can be used to motivate and incentivize individuals and organizations to strive for better performance, by setting clear goals and targets for improvement. Overall, benchmarks are an essential tool for assessing and improving performance in a range of different industries and contexts.
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Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
According to the Bureau of Labor Statistics, by the year 2028 the labor force in the United States is expected to ______.
The rate of labor force in the United States is expected to grew significantly by the year 2028 according to the Bureau of Labor Statistics.
What is Labor force?A Labor force means the total number of people working and capable or working in an economy.
In conclusion, therate of labor force in the United States is expected to grew significantly by the year 2028 according to the Bureau of Labor Statistics.
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If the resources that an entrepreneur uses have a higher value if used for other production, the entrepreneur will
Answer:c
Explanation:
An entrepreneur should focus his or her efforts on ventures that will provide the most profit.
If they invested in something else, they would lose money since the project they chose would yield less profit than the optimal one that would have yielded more.
Thus, Lose Money is correct.
What is the most important resource for business owners?Human capital, sometimes known as "talent" or "employees," was frequently the most highly regarded resource among those polled.
Management and technical workers were regularly mentioned as being very significant by respondents. Debt and equity capital are used to provide access to funding or finance.
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Brainliest and 50 points each.
An athletic shoe company that specializes in running shoes is developing a new shoe that has cutting edge features that will revolutionize long-distance running. This product has never been sold before, and they would like to launch right before summer. In 1 to 2 paragraphs, describe the marketing research that would help solve this problem.
Examine past sales history: Examine sales history to determine and differentiate which items sold well and which did not. Conduct extensive market research: This is critical for predicting future sales and determining whether the shoes will sell satisfactorily.
What is meant by past sales history?Past sales history is the checking of the sales and the time and occurrence of the sales, and on which product the sales are maximum. This will help the team to understand the preference of the customers.
Past sales history helps the company to forecast their next strategy and understand the customer. This is used in making the shoes of people kinds.
Thus, Examine past sales history and Conduct extensive market research.
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Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
what are the services that are rendered to the wholesalers by the retailers?
Why is divorce a major reason people file for bankruptcy ?
What safety device should be worn when there is danger of fragments being thrown?
Answer:
gloves i think
Explanation:
What’s the best answers
Assume that weekly demand for phones at B&M Office Supplies is normally distributed, with a mean of 2,000 and a standard deviation of 500. it takes two weeks to fill an order placed by the B&M. The store manager orders 10,000 phones when the inventory drops to 6,000; that is, a reorder point is 6,000.
(1) What is the average inventory of B&M? (average inventory = average cycle inventory + average safety inventory)
(2) What is the Cycle Service Level(CSL)? (Hint: Use the normal distribution table attached. Use approximation when using the table.) Note that CSL=Probability(demand during the lead time <= Reoder Point)
Average inventory = 5,000 + 1,160 = 6,160 units. Using the normal distribution table attached, the probability value for z-score 2.83 is 0.9977CSL = 0.9977
(1) Average Inventory of B&M:The average inventory can be calculated as the sum of average cycle inventory and the average safety inventory. Here, the reorder point can be calculated as the sum of average cycle inventory and average safety inventory.So, reorder point = 6,000 unitsAverage demand per week = 2,000 unitsStandard deviation of demand per week = 500 unitsSo, standard deviation of demand in two weeks will be $\sqrt2 * 500$ = 707.1 unitsNow, average cycle inventory = 1/2 * order quantity = 1/2 * 10,000 = 5,000 unitsAverage safety inventory = z-score * standard deviation of demand in two weeks = 1.64 * 707.1 = 1160 unitsReorder point = 6000 unitsTherefore, average inventory = 5,000 + 1,160 = 6,160 units
(2) Cycle Service Level (CSL):Cycle Service Level (CSL) can be calculated by using the below formula:CSL = Probability(demand during the lead time <= Reoder Point)To find out the probability value, first, calculate the Z score.z-score = (Reorder Point - Mean demand during the lead time)/Standard deviation of demand during the lead timeMean demand during the lead time = 2 weeks * 2,000 units per week = 4,000 unitsStandard deviation of demand during the lead time = $\sqrt2 * 500$ = 707.1 unitsz-score = (6,000 - 4,000)/707.1 = 2.83 Using the normal distribution table attached, the probability value for z-score 2.83 is 0.9977CSL = 0.9977
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Describe what it means by saying "rank rationally" possible
outcomes and the difference between risk and uncertainty.
When we say "rank rationally" possible outcomes, it means systematically evaluating and prioritizing different potential outcomes based on their likelihood and impact. Rational ranking involves considering available information, analyzing probabilities, and assessing the potential consequences of each outcome. By ranking rationally, we aim to make informed decisions and allocate resources effectively based on the likelihood and potential impact of different outcomes.
The difference between risk and uncertainty lies in the level of knowledge and predictability associated with each concept. Risk refers to situations where we have some degree of knowledge or understanding about the probabilities and potential outcomes. It involves measurable and quantifiable uncertainties where the probabilities of different outcomes can be estimated or calculated. In other words, risks are events or situations that can be assessed based on available information, historical data, or statistical analysis.
On the other hand, uncertainty refers to situations where the probabilities and potential outcomes are unknown or cannot be accurately estimated. Uncertainty arises in complex, unpredictable, or novel situations where there is limited information, incomplete knowledge, or a lack of historical data to rely upon. Unlike risk, uncertainty involves unmeasurable and unquantifiable factors that make it difficult to assign precise probabilities to different outcomes.
In summary, when we rank rationally possible outcomes, we are systematically evaluating and prioritizing potential outcomes based on their likelihood and impact. This process involves assessing available information and making informed decisions. Risk refers to situations where we can estimate probabilities and potential outcomes based on available information, while uncertainty refers to situations where probabilities and outcomes are unknown or cannot be accurately estimated due to limited information or unpredictability.
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A bond issue with a face amount of $495,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:
Answer: Less than $495,000.
Explanation:
The options are:
a. Equal to $495,000.
b. The answer cannot be determined from the information provided.
c. Less than $495,000.
d. More than $495,000.
It should be noted that a bond will be sold at a discount when the market interest rate is more than the stated interest rate.
Due to the lower interest rate, the investors will pay less for the bonds. Therefore, based on the information given, the bonds will sell at a price that is less than $495,000.
Therefore, the correct option is C.
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
Consumer purchasing behavior has hardly been affected by technology.
true
false
Answer:
False
Explanation:
Technology and digital media have a significant impact on user purchasing behavior, which is performed through analyzing the user's interests and preferences and posting advertisement that match the user's preference.
What decision did a London Court Reach In this case?
Answer:
A.
Explanation:
I did B from the person above and got it wrong and it said that A was the answer :)
Answer:
A. The writing of The Da Vinci Code did not violate copyright law.
Explanation:
Right on ED2021, goodluck!
In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
Answer:
sight and foresight
5. When things become more scarce, do they become more or less valuable?
Answer:
They become more valuable
Explanation:
(similar to previous qn) when supply decreases and demand remains constant, people would have to pay more to obtain the item.
The value of the item would then increase.
the bawl corporation supplies alloy ball bearings to auto manufacturers in detroit. because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. the current inventory levels are $2,840,000 and $1,570,000, respectively. in addition, finished goods inventory is $1,650,000 and sales (at cost) for the current year are expected to be about $52 million. assume that there are 52 business weeks per year.
a) The total inventory can be expressed in terms of weeks of supply, which is approximately 2.17 weeks.
b) The inventory turns indicate that the company replaces its inventory approximately 23.8 times within the given period.
a) Weeks of Supply:
To calculate the weeks of supply, we need to know the cost of goods sold (COGS) and the average inventory level. In this case, we are provided with the inventory levels and the projected sales at cost.
First, we need to calculate the average inventory. Since we have the current inventory levels, we can use the following formula to find the average:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Beginning Inventory = $2,470,000
Ending Inventory = $1,566,000
Average Inventory = ($2,470,000 + $1,566,000) / 2 = $2,018,000
Now, we can calculate the weeks of supply using the following formula:
Weeks of Supply = (Average Inventory / COGS) * 52
Sales (at cost) for the current year = $48,000,000
To calculate the cost of goods sold (COGS), we can assume it to be the same as the sales value since it is mentioned "at cost."
COGS = $48,000,000
Weeks of Supply = ($2,018,000 / $48,000,000) * 52
Weeks of Supply ≈ 2.17
Therefore, the total inventory in terms of weeks of supply is approximately 2.17 weeks.
b) Inventory Turns:
To calculate the inventory turns, we use the following formula:
Inventory Turns = COGS / Average Inventory
Given:
COGS = $48,000,000
Average Inventory = $2,018,000 (calculated earlier)
Inventory Turns = $48,000,000 / $2,018,000
Inventory Turns ≈ 23.8
Therefore, the inventory turns for the Bawl Corporation are approximately 23.8.
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Complete Question:
The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million.
Express total inventory as:
a) Weeks of supply
b) Inventory turns
which of the following statements about revenues is most correct? a. net patient service revenue is reported at chargemaster prices. b. net patient service revenue reflects chargemaster prices less any discounts and allowances provided to insurers, charges related to charity care, and/or price concessions. c. total revenues equal net patient service revenue less other operating revenue. d. both a and b are correct. e. both b and c are correct.
The most correct statement about revenues is option (e) - both b and c are correct.
Option (b) states that net patient service revenue reflects chargemaster prices less any discounts and allowances provided to insurers, charges related to charity care, and/or price concessions. This statement aligns with the general accounting practice where net patient service revenue is reported after adjusting for various factors that impact the actual revenue earned from patient services.
Option (c) states that total revenues equal net patient service revenue less other operating revenue. This statement is also correct because total revenues encompass not only net patient service revenue but also other operating revenue generated from sources other than patient services, such as rental income, investment income, or grants.
By combining the correct statements from options (b) and (c), we arrive at option (e), which states that both b and c are correct. This choice acknowledges that net patient service revenue is adjusted for various factors and that total revenues include both net patient service revenue and other operating revenue.
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Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answer: Too see if anyone is stealing or charging extra fees
Explanation:
An advantage of using the inductive sequence in a bad-news message is that the inductive sequence of ideas:a. saves the reader's time by stating the refusal before providing reasons.b. presents the main idea directly at the beginning.c. de-emphasizes the refusal by closing on a neutral or pleasant note.d. does not require any explanation.
An advantage of using the inductive sequence in a bad-news message is that the inductive sequence of ideas de-emphasizes the refusal by closing on a neutral or pleasant note.
Inductive communication entails giving evidence or anecdotes that convince someone of a point of view. The main idea of the communication is not introduced until the very end. If the introductory statement demoralizes the recipient, then there is a good likelihood that they will not be receptive to hearing the logic or argument supporting the allegations and will instead strive to avoid or deny them.
Most persuasive or sales messages employ the inductive technique. Negative or bad news messages are frequently delivered using this method as well.
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The reorder point in Littlefield was set at 4200 kits initially. The lead time for replenishment was 4 days. Assuming that the daily number of orders (for 60 receivers) placed on the factory is normally distributed with a mean of 12.22 and a standard deviation of 3.41, then the initial reorder point provided a service level less than 99%
The Chick-fil-A fast food restaurant is interested in examining the capacity of a new, mini-restaurant that they have created. The restaurant offers the following menu:
Chicken Sandwich $5.00
Chicken Nuggets $4.50
Large Fry $2.00
Small Fry $1.25
Drink $1.50
Through market research, Chick-fil-A has discovered that 40% of their arriving customers will purchase a sandwich and 40% will purchase nuggets (20% of arriving customers do not purchase any chicken). All customers buy a drink and all customers buy fries, with 1/3 choosing a large fry and 2/3 choosing a small fry.
Chick-fil-A has two people working at the counter who take and fill orders from customers. On average, it takes 20 seconds for one of these counter people to take the customer’s order, get their drink, and get the rest of their meal. There are two people who work in the back room, one cooking fries and the other preparing chicken. The fry cook spends 3 minutes preparing each 2 pound batch of fries. A large fry consists of 1/4 pound of fries, and a small fry consists of 1/8 pound. The chicken preparer spends 10 seconds on each sandwich and 5 seconds on each order of chicken nuggets.
(a) (30 points) What is the capacity of each resource (Counter Help, Fry Cook, and Chicken Preparer), measured in customers per hour?
(b) (20 points) Chick-fil-A is considering the addition of a hand-scooped milk shake onto their menu. The milk shake would sell for $4.00, and would take 30 seconds to prepare for each customer. Chick-fil-A has a corporate policy that customers should be served within 1.5 minutes. In order to adhere to this policy, they are planning to hire a dedicated milk shake maker to work at the facility. Analysis has revealed that both the time between arriving customers and the time to make a milk shake are distributed exponentially. Given the variability, Chick-fil-A has determined that the average throughput time for a milk shake must be no more than 50 seconds in order to consistently meet the 1.5 minute service standard. What is the maximum number of customers/hour who can order a milkshake and still have the average throughput time within the 50 second limit?
(a) Capacity of Counter Help = 180 customers/hour, Capacity of Fry Cook = 89 customers/hour, Capacity of Chicken Preparer = 200 customers/hour (b) Maximum number of customers per hour for milkshake = 0.00714 or 0.714%
(a) Resource capacity refers to the maximum amount of output that a particular set of resources can produce, whether that be machines, employees, or other inputs. Chick-fil-A restaurant's capacity of each resource is as follows: Capacity of Counter Help (hours):The cycle time for a customer to complete the transaction is calculated as 20 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. The total number of customers that can be served per hour is calculated as: 3600/20 = 180 customers per hour. Capacity of Fry Cook (pounds): The cycle time per batch of fries for the fry cook is calculated as 3 minutes per 2 pounds batch.
The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders 1.33 pounds of fries on average. The number of customers that can be served per hour is calculated as: 3600/(3*60/2*1.33) = 89 customers per hour. Capacity of Chicken Preparer (pieces): The cycle time for a chicken sandwich is calculated as 10 seconds per sandwich. The cycle time for an order of chicken nuggets is calculated as 5 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders one sandwich or one order of chicken nuggets on average. The number of customers that can be served per hour is calculated as: (3600/(10+5)) = 200 customers per hour.
(b) Maximum number of customers per hour who can order a milkshake and still have the average throughput time within the 50 second limit can be calculated using the below formula; Maximum number of customers per hour= 1/(average time per customer) As we know, that average throughput time for a milkshake must be no more than 50 seconds to meet the 1.5 minute service standard. Thus the average time per customer is 50 + 90 (1.5-0.5).Thus the maximum number of customers per hour that can order a milkshake and still have the average throughput time within the 50 second limit is given as: Maximum number of customers per hour = 1/140Maximum number of customers per hour = 0.00714 or 0.714%.
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Please select the word from the list that best fits the definition Enjoy music in their free time
Answer:
Auditory Learners
Explanation:
I got it right on edge 2022.
guzman consulting company paid $4,000 cash for a computer for the office. this transaction would decrease
The transaction in which Guzman Consulting Company paid $4,000 cash for a computer for the office would result in a decrease in the company's cash balance and an increase in its asset value.
When Guzman Consulting Company pays $4,000 in cash for the computer, it represents an outflow of cash from the company's bank account.
a result, the cash balance would decrease by $4,000. Cash is considered an asset on the company's balance sheet, so a decrease in cash corresponds to a decrease in the asset value.
Simultaneously, the company would recognize an increase in the value of its computer asset. The computer would be recorded as a fixed asset on the company's balance sheet, representing the long-term value of the asset. The value of the computer would increase by $4,000, reflecting the amount paid for its acquisition.
Overall, this transaction results in a decrease in cash (an asset) and an increase in the computer asset value, maintaining the balance between the company's assets and liabilities.
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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
Traditionally, retail outlets carried related lines of goods. Today, however, ________, or offering several unrelated product lines in a single store, is common.
Today, a single store offering scrambled merchandising or several unrelated product lines is common.
Prior to today, stores usually specializes on sales of products which are in same line such as varieties of flowers, varieties of clothes, variety of drinks etc.
But today, this has changed because single store now offers several unrelated product lines and scrambled merchandising (which is a tactic where retailer sells product that are outside their focus)
Today, a single store can offer sales of drinks, cloth, snacks, flowers, accessories etc
Therefore, in conclusion, today, a single store offering scrambled merchandising or several unrelated product lines is common.
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since her firm’s sales have increased from 3.5 to 4 percent, tanya has determined she would set her share of communication expenses at 4 percent of sales, which is an example of the use of the ________ method.
When she determined to set her share of communication expenses at 4 percent of sales, it is an example of the use of the competitive parity method.
Competitive parity refers to when one want to achieve standard or average results as compared to others in your industry or within one's firm.
Here, because the firm’s sales have increased to 4%, she decided to set her share of communication expenses at 4% of sales
It is obvious she is acting because of the movement of internal situation (increase of firm's sales)
Thus, the scenario of method is definitely known as Competitive parity.
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Susan is hired to manage a business that manufactures basketballs. This means that she has the authority to make contracts that are reasonably necessary for conducting the business, such as purchasing supplies. After not doing so for two months, Susan's boss directly told her to purchase these supplies. The boss's statement is called:
After not doing so for two months, Susan's boss directly told her to purchase these supplies. The boss's statement is called direct authority.
What is direct authority?
The Office of Personnel Management (OPM) may give Federal agencies a direct-hire authority (DHA), also known as an appointment (hiring) authority, to fill positions where there is a critical need for hiring or a severe applicant shortage. The Office of Personnel Management (OPM) may give Federal agencies a direct-hire authority (DHA), also known as an appointment (hiring) authority, to fill positions where there is a critical need for hiring or a severe applicant shortage. A DHA enables agencies to acquire qualified applicants more quickly. By eliminating veteran preference, rating and ranking, and traditional selection techniques, it expedites recruiting. Every applicant who satisfies the minimum requirements will be sent to the hiring manager for evaluation and selection.
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