The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as a(n)
Answers
Strategy is the The plan of action that prescribes resource allocation and other activities.
What is a strategy?This is a term that is used to refer to the action plan that people have developed towards finding solutions to existing problems.
The strategy that is employed in issues is usually one that is to be used to create an ending to the problem that may be in existence.
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A polar bond is a covalent bond in which there is an electronegativity difference between the two bonded atoms and electrons are shared unequally. The atom with the higher electronegativity will have a partial _____ charge and is marked with the symbol _____ while the atom with the lower electronegativity will have a partial _____ charge and is marked with the symbol _____.
Answers
The atom with the higher electronegativity will have a partial negative charge and is marked with the symbol δ− while the atom with the lower electronegativity will have a partial positive charge and is marked with the symbol δ+ .
The electrons in pure covalent bonds are distributed equally. One atom pulls on the electrons with a stronger force than the other in polar covalent bonds, resulting in an unequal distribution of electrons.
A bond is deemed to be non-polar covalent if the difference in electronegativity between the two bound atoms is less than 0.5. The electrons of each atom are drawn to it in roughly equal numbers, which causes them to spend the same amount of time around each atom.
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Select the correct answer.
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the
possible controllable risks the company could face. Which risk would be deemed as controllable?
Answers
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the possible controllable risks the company. The firm’s IT architecture risk would be deemed as controllable.
What is a business?
A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder. The partner who can lose only what he or she has invested in a business is the general manager.
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Answer:
i think A edmentum
county title company processes information furnished by others to transfer title to real estate from a seller to a buyer. in performing this task for a sale of land from james to kate, the furnished information is mistaken.
Answers
When County Title Company processes information furnished by others to transfer title to real estate, such as in the case of a sale of land from James to Kate, and if the furnished information is mistaken, it can have implications for the title transfer process.
Mistaken information can potentially result in errors or discrepancies in the transfer of ownership.
In such a situation, County Title Company would need to identify the mistake and take appropriate steps to rectify it. This may involve conducting further investigations, verifying the correct information, and coordinating with the parties involved, including James and Kate.
Depending on the nature and severity of the mistake, County Title Company may need to consult legal professionals or experts in real estate law to determine the best course of action. It is crucial to ensure that the title transfer process is accurate, valid, and legally binding to protect the interests of both the seller and the buyer.
Correcting the mistaken information may involve additional paperwork, legal documentation, or potential negotiations between the parties involved. County Title Company plays a vital role in facilitating the transfer of title and ensuring that the process adheres to legal requirements and regulations governing real estate transactions.
It is important to note that specific actions taken by County Title Company in response to the mistaken information would depend on the laws, regulations, and procedures applicable in the jurisdiction where the transaction takes place. Consulting with legal professionals and following established protocols is essential in addressing such situations to ensure a smooth and legally sound transfer of title.
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what are the three main types of off-price retailers?
Answers
Off-price retailers include outlet stores, chains, and online, offering discounted products for bargain-seeking shoppers.
1. Outlet Stores: Outlet stores are physical retail locations that offer discounted merchandise from various brands.
These stores typically sell excess inventory, discontinued items, or products with minor imperfections.
Outlet stores are often located in outlet malls or shopping centers and provide customers with the opportunity to purchase branded products at lower prices.
2. Off-Price Chains: Off-price chains are retail stores that specialize in offering discounted merchandise on a consistent basis.
These chains purchase surplus or overstocked inventory from manufacturers or other retailers and sell them at reduced prices.
They typically carry a wide range of products across various categories such as clothing, home goods, electronics, and more.
3. Online Off-Price Retailers: Online off-price retailers operate through e-commerce platforms and offer discounted merchandise to online shoppers.
These retailers source their products from various suppliers and brands, offering a wide selection of discounted items.
Online off-price retailers have gained popularity due to the convenience of online shopping and the ability to access discounted products from the comfort of one's home.
All three types of off-price retailers cater to consumers looking for discounted prices, providing them with opportunities to save money while still purchasing quality products.
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3. Substitution and Income effects: Consider two goods that are perfect complements: U(x, y) = min(x, 2y) (a) Draw a graph showing several indifference curves for this utility function (b) Find both Walrasian and Hicksian demand functions for both x and y (c) For prefect complements, there is no substitution effect. Explain why this is the case. A graphical argument is sufficient, if you would prefer.
Answers
(a) Graph showing several indifference curves for U(x, y) = min(x, 2y):The graph of several indifference curves for the given utility function U(x, y) = min(x, 2y) is shown in the figure below.(b) Walrasian and Hicksian demand functions for x and y:Walrasian demand functions
Walrasian demand functions are given by the tangency point of the budget line with the highest possible indifference curve at the given price level and level of utility. When p<1/2, the optimal allocation is (x,y)=(m,p(m/2)), since it is the best available in the budget set. The optimal allocation for p≥1/2, on the other hand, satisfies the budget set and the highest indifference curve tangentially. Hence, we have:for p<1/2, x = m, y = p (m/2)for p≥1/2, x = 2y = m/(1+2p) and y = m/(2(1+p))Hicksian demand functions: For this case, the utility function U(x, y) = min(x, 2y) does not have a well-defined Hicksian demand function since it is not continuous.(c) For perfect complements, there is no substitution effect. Explain why this is the case:For perfect complements, the marginal rate of substitution (MRS) is either infinite or undefined because the two goods are always consumed together in fixed proportions. Because there is no substitution effect, the compensating variation equals the equivalent variation. In other words, the Hicksian demand curve is identical to the Walrasian demand curve for perfect complements, which is the case for the utility function U(x, y) = min(x, 2y).
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You can use the continuous feedback loop known as the ______ cycle to ensure you're headed in the right direction once you've made plans.
Answers
It is important one uses the planning and controlling cycle to ensure we are headed in the right direction once you've made plans.
What is the planning and controlling?Both the planning and controlling are important function of management because one's activities helps to accomplish the planned objectives while the other direct and monitor business process,
In conclusion, the adoption of the planning and controlling cycle is important in ensuring we are headed in the right direction once you've made plans.
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Recently the top management of Lucky cement decided to start a new business in completely new market with new product lines i.E. Lucky One Mall. Identify the corporate level strategy used by the firm. Justify your answer.
Answers
Answer:
Diversification
Explanation:
Corporate level strategy is a decision made by the top management of a firm with the aim of seeking new business methods to expand an already existing business. Diversification is a corporate level strategy in which an organization ventures into a completely new market with new product lines. The diversification could be related to the existing products the company operates (concentric diversification) or to an unrelated market(conglomerate diversification).
When Lucky Cement decided to start a new business in completely new lines, they have just embarked on diversification. The diversification might also be to just one product or different products.
NStar, a gold mining firm, has a current market capitalization of $ 300 million with 80 million shares outstanding. The firm has an annual cash flow earnings of $45 million, and its cost of capital is 12%. NStar is considering taking over Sarecan Corp which has 20 million shares outstanding with a market capitalization of $ 35 million and annual cash flow earnings of $2.5 million. The cost of capital for Sarecan is 10%. The takeover is expected to result in an annual additional cash flow of $ 0.95 million in the first year, which is expected to remain constant in perpetuity. The cost of capital for synergies is 12%. NStar is considering two different options to finance the take over (1) a cash offer with a 28% premium relative to its market price (ii) a share swap of 1 share of NStar for every 2 shares of Sarecan.
a. Calculate (1) overall gain (ii) gain to NStar shareholders and (iii) gain to Sarecan shareholders if the cash offer is made (). b. Calculate (1) gain to NStar shareholders and (ii) gain to Sarecan shareholders if the share-swap offer is made (). c. At what cash offer price (cash offer) would this be a zero NPV investment for NStar? ()
Answers
The provided information does not include the specific cash flows or the discount rate. Please provide the relevant cash flows and the discount rate so that I can help you calculate the NPV.
NStar's market capitalization is $300 million with 80 million shares outstanding. Sarecan Corp's market capitalization: $35 million
a. For the cash offer:
(1) Overall gain = Market capitalization of Sarecan Corp - Market capitalization of NStar
= $35 million - $300 million
= -$265 million
(ii) Gain to NStar shareholders = Overall gain + Additional cash flow from synergies
= -$265 million + $0.95 million
= -$264.05 million
(iii) Gain to Sarecan shareholders = Market capitalization of NStar - Market capitalization of Sarecan Corp
= $300 million - $35 million
= $265 million
b. For the share-swap offer:
(i) Gain to NStar shareholders = Number of shares swapped * Market price per share of NStar - Market capitalization of NStar
= 20 million * $12 * (1/2) - $300 million
= $120 million - $300 million
= -$180 million
(ii) Gain to Sarecan shareholders = Number of shares swapped * Market price per share of NStar - Market capitalization of Sarecan Corp
= 20 million * $12 * (1/2) - $35 million
= $120 million - $35 million
= $85 million
c. To find the cash offer price that results in a zero NPV investment for NStar, we need to equate the present value of the cash outflow (cash offer) with the present value of the cash inflows (additional cash flow from synergies).
Cash offer - Present value of cash inflows = 0
Cash offer - $0.95 million / (0.12 - 0.10) = 0
Cash offer - $47.5 million = 0
Cash offer = $47.5 million
Therefore, the cash offer price that would result in a zero NPV investment for NStar is $47.5 million.
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Suppose that a cash flow will have a uniform annual payment of Php 1,200 for the first four years, another uniform annual payment of Php 2,000 for the next five years, and a single payment of Php 3,000 during the 8th year, Determine the equivalent uniform annual payment of the cash flow. 18.34% C. 1,775.12 a. 1,780.27 b. 1,679.23 d. 2,911.46 10. Mina wishes her friend, Yuri, to receive Php 1,000,000.00 twenty years from now. What amount should she invest now, if it will earn interest at 12% compounded annually during the first five years and 10% compounded monthly for the remaining years? a. 513,641.84 C. 94,637.36 b. 139,410.09 d. 127,399.44 11. A telephone company purchased a microwave radio equipment for Php 6 Million. Freight and installation charges amounted to 3% of the purchased price. If the equipment shall be depreciated over a period of 8 years with a salvage value of 5%, determine the depreciation charge during the fifth year using sum-of-the-years-digits method. a. 633,333.33 C. 632,333.33 b. 653,333.33 d. 652,333.33
Answers
10. The equivalent uniform annual payment of the cash flow is Php 1,780.27.
Mina should invest Php 94,637.36 now to ensure Yuri receives Php 1,000,000.00 twenty years from now.
The depreciation charge during the fifth year using the sum-of-the-years-digits method is Php 632,333.33.
10. To determine the equivalent uniform annual payment, we need to find the present value of each cash flow and calculate the uniform annual payment that would yield the same present value. By applying the formula for the present value of an annuity, the equivalent uniform annual payment is calculated to be Php 1,780.27. To calculate the amount Mina should invest now, we need to find the present value of the future amount of Php 1,000,000.00. The interest rates for the first five years and the remaining years are different, so we need to calculate the present value for each period separately and then sum them up. By using the appropriate compounding formulas, the present value is determined to be Php 94,637.36.
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Each
marketing tactic
marketing strategy
market analysis
competitive analysis
should have a timeline and budget.
Answers
Having a timeline and budget for marketing strategies, procedures, market investigation, and competitive investigation guarantees organized arranging asset assignment, and estimation of advance.
Why should marketing strategies have a timeline and budget?Firstly, a timeline guarantees that errands and exercises are organized and completed inside particular timeframes, empowering compelling arranging and execution.
Besides, having a budget permits businesses to designate assets suitably and make educated monetary choices.
In addition, timelines and budgets offer assistance degree the advance and victory of marketing activities, permitting alterations and advancements as required.
By and large, having a timeline and budget gives structure, responsibility, and straightforwardness in promoting endeavors, improving effectiveness, and maximizing return on the venture.
It improves effectiveness and ROI while giving responsibility and adaptability for alterations.
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The complete question:
Why is it vital for each marketing strategy, promoting methodology, advertising examination, and competitive examination to have a timeline and budget?
The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
The main requirement for a trademark is distinctiveness. True False. it is actually TRUE. ignore what other people tell you.I got it wrong and the people saying false is wrong.
Answers
Answer:
Yes, it is True but what exactly is the question? I will edit this once you comment and tell me. If you don't have a question, feel free to delete this.
Explanation:
Answer:
True
Explanation:
These managers provide the glue that holds organization's together. One of the most important things they do is to network throughout the organization. Which type of manager is it?
Answers
The type of manager being described is a middle manager.
Middle managers are responsible for managing and leading a specific department, unit, or division within an organization
They are essential to the company because they serve as a link between higher-ups and lower-level workers. Since they are in charge of coordinating the work of numerous teams and individuals to accomplish organisational goals, they are sometimes referred to as "the glue" that keeps the company together.
The ability to network inside the company and establish connections with people at all levels is one of the main duties of middle managers. They frequently serve as a link between the senior leadership team and front-line staff, assisting in making sure that coordination and communication are successful throughout the whole business.
Middle managers oversee a variety of responsibilities in addition to networking, such as creating and implementing plans, controlling budgets and resources, managing personnel, and making sure.
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Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Answers
which of the following describes the term productivity
Answers
Productivity is the measurement of physical output relative to each unit of input, typically expressed in labour hours.
What is Productivity?
Productivity refers to the efficiency with which goods or services are produced. Productivity can also be expressed as a ratio of the entire output to a single input, the sum of all the inputs utilised in a production process, or the output per input, usually over a defined time period. The (aggregate) measure of labour productivity, using GDP per worker as an example, is the most common illustration. The selection of a productivity definition (including those that do not refer to ratios of output to input) depends on the goal of the productivity assessment and/or the availability of data. The main cause of variation across productivity metrics is frequently (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity indicator.
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a bank teller can handle 40 customers an hour and customers arrive every six minutes. what is the average time a customer spends waiting in line?
a. 15 seconds b. 0.40 minutes c. 1.25 minutes d. 30 seconds
Answers
To determine the average time a customer spends waiting in line, we can use the concept of queuing theory. In this case, the bank teller can handle 40 customers per hour, which means the service rate (μ) is 40 customers per hour. The arrival rate (λ) can be calculated by converting the time between arrivals to an hourly rate.
Given that customers arrive every six minutes, we can calculate the arrival rate as follows:
λ = 60 minutes / 6 minutes per arrival
λ = 10 customers per hour
Now that we have the arrival rate (λ) and service rate (μ), we can use the formula for the average waiting time in a queue, also known as Little's Law:
Average Waiting Time = (1 / (μ - λ)) * (1 / λ)
Plugging in the values, we get:
Average Waiting Time = (1 / (40 - 10)) * (1 / 10)
Average Waiting Time = 1/30 hours
Since there are 60 minutes in an hour, we can convert the waiting time to minutes by multiplying by 60:
Average Waiting Time = (1/30) * 60
Average Waiting Time = 2 minutes
Therefore, the average time a customer spends waiting in line is 2 minutes.
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A decline in the value of the U.S. dollar will likely result in an increase in the —answer choices- price of products- use of credit card- amount of gold reserves- use of bartering
Answers
A drop in the american dollar will probably lead to a rise in goods
prices.
Which nation has the highest dollar?Iraqi Dinar (KWD) The Kuwaiti pounds has continued to be the most valued currency ever because of Kuwait's steady economy. Because it possesses one of the greatest reserves in the world, the economy of the nation is heavily dependent on oil exports.
Is a dollar increase anticipated in 2022?By the conclusion of this quarter, experts and Trading Economics' global macro models predict that the US dollar will be trading at 106.21. Looking forward, we predict it will trade at 110.87 in a year.
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explain three steps the ccma will take to resolve a grievance
Answers
Answer:
1: If you have a labour problem, it is very important that you take steps immediately. In the case of an unfair dismissal dispute, you have only 30 days from the date on which the dispute arose to open a case. With discrimination cases, you have six months.
2:If you have decided to lodge a dispute, you need to complete a CCMA case referral form, also known as a LRA Form 7.11. These forms are available from the CCMA offices, DOL offices and the CCMA website.
Step 3: Once you have completed the form, you need to ensure that a copy is delivered to the other party. You must be able to prove that they received a copy. Acceptable methods include faxing a copy (keep the fax transmission slip), sending it by registered mail (keep the postal receipt), send it by courier (keep proof) or deliver in person (ask the person receiving it to sign for it).
Explanation:
hope it helped!!
The category of human resource management responsibilities aimed at preserving and enhancing employee job competence is?
Answers
The answer is development.
The category of human resource management responsibilities which is aimed at preserving and enhancing employee job competence is development.
What is human resource management?The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR). Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources. The Human Resource Manager will oversee the regular duties of the Human Resources (HR) division, including hiring and conducting interviews, paying employees, handling leave requests, and enforcing business regulations and procedures.
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Something that is
is able to be touched.
prestigious
relatable
tangible
a goal
Answers
Answer:
Tangible
Explanation:
Something that is tangible is able to be touched.
The local theater sells tickets to its plays at a rate of $38 each. Patrons who attend multiple shows are encouraged to buy an annual membership for $80. Members are able to buy tickets at a discounted rate of $20 each. Roger expects to attend 6 shows this year. Grace expects to attend 4 shows. Who would benefit from buying a membership this year?.
Answers
Answer:
Roger Benefits
Explanation:
Okay so lets think about it like this:
Total Cost/Revenue for Roger:
Without Membership: 38*6 = 228
With Membership: 80 + 20*6 = 200
Difference: +28
Total Cost/Revenue for Grace:
Without Membership: 38*4 = 152
With Membership: 80 + 20*4 = 160
Difference: -8
Answer: Roger Benefits
Answer:
the answer is only roger
Explanation:
i just did it on edge;)
For what reason can you infer that it might be relevant for a policy analyst to have a law degree?
A) Departments of education are in the executive branch, and most executive-branch officials have law degrees.
B) Policy analysis is a volatile job market, and it is helpful to have another field to fall back on.
C) Education policy needs to be enacted into law by our legislators and needs to comply with other state and federal laws.
D) Policy analysts tend to get sued by ideological foes, so legal knowledge is good protection.
Answers
Explanation:
i think is answer b.....m.
what is the best way for a certifying officer to prevent pecuniary liability?
Answers
By only certifying travel documents that are legal, proper, and correct.
Josh began his career as the front desk clerk of a large hotel. He enjoys working in the Lodging pathway of the Hospitality and Tourism career cluster. He wants to stay along this career path so Josh decides to get some further education. What types of classes would help Josh advance along his career pathway? After finishing his education, what positions might be available to Josh along his career path?
Answers
Answer: Classes that might help Josh advance along his career path would to be a sub/standby when important hospitalization acts are taken place. After Josh finishes his education a position that might be available to him along his career path would be a nurse or someone who is authorized to help people.
Answer: Classes that would be good for Josh would be a sub/standby education When Josh finishes his education a job that might be available to him with his career path would be a nurse or someone who is trained to help other people.
Explanation: I just hope this helps :)
handling problems with orders can be tricky. when you must deliver disappointing news about an order, use to avoid negative feelings from the customer.
Answers
Handling problems with orders can be tricky. When you must deliver disappointing news about an order, there are several strategies that can be used to avoid negative feelings from the customer.
The first strategy is to be transparent with the customer. This means being honest about the situation, explaining what went wrong, and how it can be fixed. It is also important to apologize for the inconvenience caused. This shows the customer that you value their business and are taking the situation seriously.
The second strategy is to offer a solution that meets the customer's needs. This could involve offering a refund, exchange, or discount on a future purchase. By offering a solution, the customer is more likely to feel heard and valued, which can help to mitigate negative feelings.
Another strategy is to be empathetic. This means acknowledging the customer's disappointment and frustration, and showing that you understand how they feel. This can help to defuse the situation and build rapport with the customer.
Finally, it is important to follow up with the customer to ensure that the issue has been resolved to their satisfaction. This can help to build trust and loyalty with the customer, which can lead to future business. Overall, when handling problems with orders, it is important to be transparent, offer solutions, be empathetic, and follow up to ensure customer satisfaction.
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Identify and describe common issues a marketing manager has to consider when determining a timeline for implementation?
Describe the differences between marketing strategy and tactics, and which is more important from the manager’s perspective?
Answers
Common issues a marketing manager has to consider when determining a timeline for implementation are identified and described below:Market research: Marketing managers must analyze data about the target audience and the current market for the product or service before planning a timeline.
The analysis of the data requires time, so it must be considered in the timeline for implementation.Team Coordination: A marketing manager is responsible for coordinating a team of different individuals, such as graphic designers, copywriters, and web developers, to complete a marketing campaign. Coordination of the team's work must be considered in the timeline for implementation.Resources: A marketing manager must ensure that sufficient resources, including the budget, personnel, and equipment, are available to carry out the marketing campaign.
The timeline for implementation must consider the availability of these resources, as well as the time required to obtain them.Communication: Marketing managers must keep stakeholders informed of the campaign's progress and address any issues that arise. As a result, it is critical to set aside time for communication during the implementation phase.The differences between marketing strategy and tactics and which is more important from the manager's perspective are described below:Marketing strategy refers to a company's overall plan for achieving its marketing objectives, such as increasing brand recognition or launching a new product.
Marketing strategy is the foundation of the marketing campaign, and it establishes the path for success.Marketing tactics, on the other hand, are the specific actions taken to implement the marketing strategy. For example, tactics could include the creation of an advertisement or a promotional email.
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PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answers
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
Discuss what must be done to balance the tension between individual rights and crime control efforts. Find and describe one United States Supreme Court ruling that clarified the issue of individual rights and how that ruling may affect us today. Do you see a trend in our society in favor of individual rights or public-order interests? Provide at least one example to support your opinion.
Answers
The United States of America’s criminal justice system has a key role in maintaining and promoting individual rights and public order. Crime control is critical to maintain a peaceful society.
One ruling that clarified the issue of individual rights was in 1966. In Miranda v. Arizona, the US Supreme Court established that a person in police custody must be informed of their right to remain silent and to an attorney. This decision clarified the issues of individual rights, particularly the right to remain silent, which is essential to the Fifth Amendment of the US Constitution.
In our society, a trend exists in favor of individual rights rather than public-order interests. There is a heightened sensitivity towards individual rights, particularly in recent years. As a result, many laws have been implemented to safeguard the rights of every individual. For example, the legalization of same-sex marriage in many states demonstrates a shift in society towards individual rights.
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In addition to saving money, what are some other ways you can show financial responsibility?
Answers
Answer:
you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.
Explanation:
Set financial goals. Take a few minutes to set some money goals.
Educate yourself. Financial savvy is not something you're born with.
Make a budget.
Save money.
Learn about employment benefits.
Establish a credit profile.
Avoid expensive debt.
suppose you owe a creditor $10,000 due in a single payment in 5 years. how much should your creditor be willing to accept now if he can earn 8% on his money?
Answers
To calculate the worth that a creditor should be helpful to accept now, we ought to solve the equation:
X=10,000/1.085
Solving for X.This equation shows the parity of X and the present significance of $10,000 5 years from now using a rate of 8%.
Solving for X.
X=10,0001.4693
X= 6,805.83 X= 6,805.83
The creditor should be willing to accept $6,805.83 now in exchange for future payment of $10,000 5 years from now
we need to solve the equation:
200,000 = 100,000 × 1.07 x 200,000 = 100,000 × 1.07x
where x is the numeral of years it will bear to double the $100,000 asset (= $200,000 )
Decoding for X.
200,000
100,000 = 1.07x= 2200,000
100,000 = 1.07x= 2
x × log1.07 = log2x × log1.07 = log2
x = log2 log1.07 x= log2 log1.07
x=0.30100.029
4 x= 0.30100.0294
x =10.2448 x=10.2448
It will take 10.2448 years for a $100,000 investment to double with 7% annual interest.
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