The US Free Trade Agreement with Costa Rica, the Dominican Republic, El Salvador, Guatemala, Nicaragua, and Honduras is called the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR).
The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) is a free trade agreement that was implemented in 2006. It includes the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua.
The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) aims to boost trade and investment between the United States and the other parties by reducing trade barriers, enhancing intellectual property rights protections, and increasing access to government procurement opportunities, among other things.
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for each definition (or portion of a definition) in the first column, select the term that most closely applies. each term may be used only once or not at all.
Definition (or Portion)
a. Representations by management that are communicated, explicitly or implicitly, i n the financial statements.
b. A description of the nature, timing, and extent of the audit procedures to be performed.
c. An estimate of the time required to perform each step in the audit.
d. The purpose of this document is to avoid misunderstandings between the auditors and the client.
e. The risk of material misstatement of an assertion about an account without considering internal control.
f . At the overall engagement level, this is the risk that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated.
g. An identified risk that requires special audit consideration.
h. A risk that threatens management's ability to achieve the organization 's objectives.
Term
Audit plan
Assertions
Audit risk
Representation letter
Business risk
Control risk
Engagement letter
Inherent risk
Significant risk
Survival risk
Time budget
Representations by management that are communicated, explicitly or implicitly, in the financial statements is Assertions. A description of the nature, timing, and extent of the audit procedures to be performed is Audit plan.
An estimate of the time required to perform each step in the audit is Time budget.
The purpose of this document is to avoid misunderstandings between the auditors and the client is Engagement letter.
The risk of material misstatement of an assertion about an account without considering internal control is Inherent risk.
At the overall engagement level, this is the risk that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated is Audit risk.
An identified risk that requires special audit consideration is Significant risk.
A risk that threatens management's ability to achieve the organization's objectives is Business risk.
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You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
In which of the following situations would a minor be unable to disaffirm a contract which he had made?
a. Where the minor wishes to perform part of a contract and disaffirm another part of the same contract.
b. Upon restoring the consideration received in a situation involving a fully executed contract.
c. During the time of his minority or for a reasonable time thereafter.
d. Where real property is involved, upon reaching the age of majority.
A minor would be unable to disaffirm a contract which he had made in situation (d) where real property is involved, upon reaching the age of majority.
Minors have the right to disaffirm contracts they enter into until they reach the age of majority. However, there are certain exceptions to this rule. In situation (a), where the minor wishes to perform part of a contract and disaffirm another part of the same contract, the minor may not be able to disaffirm the entire contract. In situation (b), upon restoring the consideration received in a situation involving a fully executed contract, the minor would be unable to disaffirm the contract. In situation (c), during the time of his minority or for a reasonable time thereafter, the minor would be able to disaffirm the contract.
Option (d) is incorrect because a minor would be able to disaffirm a contract even if real property is involved, as long as the minor is still a minor.
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Critical reading is a
a Theory
b. Process
C. Summarization strategy
d. None of these
Please select the best answer from the choices provided
A
В
C
D
Answer:C
Explanation:
Answer:
The correct answer for this question is B
The process of ensuring that the strategic goals set at the top align with more specific short-term goals at lower organizational levels is known as _____ goals.
It's important that an organisation make strategic goals that align with other short-term goals.
The process of ensuring that the strategic goals set at the top align with more specific short-term goals at lower organizational levels is known as cascading goals.
Cascading GoalsCascading goals are known to be the framework set in hierarchy in order to ensure good structure of an organisation's goal.
Goals are set at the top level of the organisation and are made to cascade down to the levels of the organisation. This actually helps to guide the team and also guide the individual level goals.
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A plan for a career starting in two years:
a) Will give you less opportunities than a career starting right away
b) Means that no plans or training are necessary, since the goal is two years away
c) Cannot benefit from talking to a counselor or consulting a book
d) Will give you more opportunities than a career starting right away
It’s on knowledge matters for my business class !
Answer:a) Will give you less opportunities than a career starting right away
wrong
Explanation:
A plan for a career starting in two years d) Will give you more opportunities than a career starting right away.
How can this career give more opportunities ?Choosing a plan for a career starting in two years can potentially provide more opportunities compared to starting a career right away. Taking the time to plan for a career starting in two years allows for more preparation, skill development, and networking opportunities, which can ultimately lead to a wider range of career options.
You will have more time to research your options and find the right career for you. You will have more time to gain the necessary skills and experience. You will have more time to network with people in your field and build relationships.
In conclusion, option D is correct.
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does anyone know how this is done? i need to know asap due in a while
a) The method used to calculate GDP should be the expenditure approach, which adds up total consumption (C), investment (I), government spending (G), and net exports (X-M).
Solution to the rest of the questions in detailb) Using the expenditure approach, the GDP can be calculated as follows:
GDP = C + I + G + (X - M) = 30 + 15 + 20 + (50 - 70) = 25.
c) The value of net exports can be calculated as:
Net exports = Exports - Imports = 50 - 70 = -20
d) The method that cannot be used with the given data is the income approach.
e) The data is incomplete because the information provided only covers some of the components of GDP, such as consumption, exports, rent, investment, government spending, and wages. Information on other components, such as net taxes, subsidies, and depreciation, is not provided, making the data incomplete for calculating GDP using the income approach.
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On december 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it by its customer acme, inc. The company uses the direct write-off method to account for uncollectible accounts.
Amount not able to collect from customers, Company uses the direct write-off method, bad debt expenses to be recognise as expenses for the period and and decreases the accounts receivables.
Date Particulars Debit($) Credit($)
Dec 31 Bad Debt Expenses 1200
Accounts Receivable (Acme,Inc.) 1200
(To record amount not able to collect from customer's)
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have not yet been paid for by clients. The balance sheet classifies accounts Company receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a accounts receivables company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a type of line of credit that a business extends to its customers, and its Company terms typically call for payments to be made within a short time frame.
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Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the.
Based on the post-employment conflict of interest, with time regulatory agencies can develop a bias to support the desires of the firms being regulated.
A conflict of interest arises when an employee's personal interests could improperly affect how well they carry out their official duties and obligations or when they misuse their position at the workplace for their own gain.
Governmental or quasi-governmental organizations that create, oversee, and uphold laws in their purview are referred to as regulatory agencies.
Regulations are in place to safeguard people and businesses, address market inefficiencies, and simplify many areas of our lives. Hence, Agencies should be impartial, except if impartiality is impractical or undesirable.
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When a market has a traditional distribution structure, mass distribution and market penetration are not necessary, because:_______
Market penetration and widespread distribution are not required in a conventional distribution network because demand exceeds supply and the customer seeks the supply from a limited number of middlemen.
What is market penetration?When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
Market penetration is the proportion of a product or service's predicted total market that is actually being used by consumers.
Types of market penetration :It can be done in four different ways: by raising the market share of already existing products or services; by dominating already existing markets; by monopolizing an already mature market and driving out rivals; or by boosting the consumption of already existing clients.
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Assume Beta Corporation has a YTM of 6.24% and yield changed instantaneously by -0.7876%. Given the bond's original price of $100, the coupon rate of 14.51% and the modified duration of 3.1 then what is the approximate percentage change in price? Use four decimal places.
The bond's original price is $100, with a coupon rate of 14.51%, a modified duration of 3.1, a yield to maturity (YTM) of 6.24%, and an instantaneous change of yield by -0.7876%. The question requires finding the approximate percentage change in the bond's price.
The bond's original price is $100, with a coupon rate of 14.51%, a modified duration of 3.1, a yield to maturity (YTM) of 6.24%, and an instantaneous change of yield by -0.7876%. The question requires finding the approximate percentage change in the bond's price. The formula for calculating price change is given below:Price change = - Modified duration × Yield change in decimal terms × Original priceSubstituting the values from the question above, we have;Price change = -3.1 × (-0.7876/100) × 100= 2.44% (rounded to four decimal places)Therefore, the approximate percentage change in the bond's price is 2.44%.
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Martine's son is five years old. He loves to swim, but every year he needs a new swimsuit because he is growing so fast. Martine doesn't have a lot of extra income to spend on bathing suits. What financial advice would you give to Martine about making this purchase?
Answer:
Buy the next year’s swimsuit at the end of the summer each year.
Explanation:
The swimsuit should be purchased at the closing of the summer of each year as it represent the perfect timing to purchase the swimwear. As at this time mostly all retailers conduct a clearance sales of the swimsuit so there is a chances to get the swim suit at very less price.
Therefore the above represent the answer
If you are transporting property for hire with a for-hire endorsement, what is the vehicle gross vehicle weight limit?
If you are transporting property for hire with a for-hire A Class C licence typically entitles the holder to drive any vehicle or group of vehicles with a gross vehicle weight rating (GVWR) of less than 26,001 pounds.
Provided that the vehicle is not intended to carry more than 15 people (including the driver) and is not used to transport hazardous materials in quantities that necessitate placarding.
Any single vehicle with a GVWR of 26,001 pounds or more, or any such vehicle towing a vehicle with a GVWR of less than 10,000 pounds, may be operated by the holder of a Class B licence. If the vehicle being towed has a GVWR of more than 10,000 pounds, the bearer of a Class A licence may drive any combination of vehicles with a GVWR of 26,001 pounds or more.
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g assume you borrow $15,000 from a bank with 10% interest compounded annually. the loan and the accumulated interest together will be repaid in two years. how much do you need to repay in two years?
You need repay $18150 in two years, calculated with the help of compound interest.
What is compound interest?Compound interest is when the interest you earn on a balance in a savings or investment account is reinvested, giving you access to higher interest rates. Money makes money, as a wise man once said. And the money that money makes also makes money.
Your savings and investments will grow more quickly over time thanks to compound interest. On the other hand, it also grows the amount of debt you owe over time.
You don't just earn interest on your principal balance when compound interest is used. Even your interest generates interest. When you add the interest you've already earned back into your principal balance, you're earning compound interest, which increases your returns by compounding them.
We know that Compound interest formula is
\($ \text A = P(1 + \frac{r}{n})^{nt}\)
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Here,
A= to find
P = $15000
r = 10%
n = 1
t = 2years
Putting the values in the formula
\($ A = 15000 (1 + \frac{0.1}{1})^{2}\)
A = $18150
Thus, You need repay $18150 in two years, calculated with the help of compound interest.
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why is foreign employment promotion board established
Answer:
Foreign employment promotion board (FEPB) provides welfare related activities to migrants and their families like; skill development, orientation, returnee and integration and compensation for injuries and deaths of migrants at their working place
Explanation:
Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answer:
it is (C)
Explanation:
suppose that as a project manager, you provide detailed plans and frequent project updates to both the team and stakeholders. what project management value does this represent? 1 point
The successful communication This adds value to the project management. The effective communication is the process of exchanging concepts, viewpoints, information, and facts to guarantee that the message is received and comprehended with the precision.
Both the sender and the recipient are content when we communicate effectively. In a productive communication, everyone involved feels content and successful. Conflict is less likely to arise when the project communications are clear since there is less chance of misinterpretation or message modification. Listening is a critical component of communication. The effective project listening requires more than just understanding what is being said or written.
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What is the supply curve for a perfectly competitive firm in the short run? the supply curve for a firm in a perfectly competitive market in the short run is
The short run supply curve of a perfectly competitive market is the locus of all such points that show the combinations of different quantity quoted at a price at which the firm is willing to supply output in the market.
In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealising conditions, collectively called perfect competition, or atomistic competition. A perfect market, also known as an atomistic market, is defined by various idealising conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
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table 21.1 units of labor units of output 0 0 1 15 2 35 3 45 4 52 what is the marginal physical product of the second unit of labor in table 21.1?
The second unit of labor produces a marginal physical product of 20. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
What does "marginal physical product" entail?The change in output due to a change in the level of variable input is called marginal physical product (MPP); The MPP is the change in TPP for every unit of change in the quantity of the variable input, to put it another way. With the current production inputs, a startup company is currently producing 2,000 units per month. With the current production inputs, a startup company is currently producing 2,000 units per month. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
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Which positive entrepreneurial trait does Chris possess?
Type the correct answer in the box. Spell all words correctly.
Chris runs a small business. She always seems to come up with original and effective new ideas for product designs and generates fresh ideas that satisfy the needs of consumers. As an entrepreneur, Chris is highly __________.
Answer:
Innovative
Explanation:
To innovate is to develop a new and improved way of doing things. Innovators are people who create new products and services that provide a higher level of satisfaction to customers. Innovation includes developing a brand new product or service and also upgrading or improving existing ones.
Chris has the traits of an innovative entrepreneur. He comes up with products and services that appeal to customers. Chris has the skills to redesign products and services in a way that keeps his customers happy and satisfied.
Answer:
Chris has the traits of an innovative entrepreneur. He comes up with products and services that appeal to customers. Chris has the skills to redesign products and services in a way that keeps his customers happy and satisfied.
Explanation:
explain the negative effects that will arise as a result of the management's actions that often practice favoritism in the process of hiring new employees
Answer:
When management practices favoritism in the process of hiring new employees, it can lead to negative effects on both the organization and its employees, including:
1. Decreased morale: Employees who are passed over for promotions or job opportunities due to favoritism may become demotivated and feel undervalued. This can result in decreased productivity, higher absenteeism, and even employee turnover.
2. Decreased trust: When management practices favoritism, it erodes trust among employees and between employees and management. Employees may feel that the organization is not transparent or fair in its practices, which can lead to a lack of commitment and loyalty.
3. Decreased diversity: Favoritism can lead to a lack of diversity in the workplace, as managers may favor candidates who share their same background, experiences, or opinions. This can limit the perspectives and ideas brought to the table and may negatively impact the organization's performance and growth.
4. Legal repercussions: Favoritism in the hiring process can result in legal issues for the organization, including discrimination lawsuits or complaints filed with government agencies. This can damage the organization's reputation and result in financial penalties or other legal consequences.
Explanation:
In conclusion, the negative effects of management's actions of favoritism in the process of hiring new employees can be significant, and can impact the organization's overall performance and success. It is important for management to establish fair and transparent hiring practices, which can help to ensure that all employees are valued and given equal opportunities for career advancement.
Work Survival skills include?
A. introducing new ideas, coordinating tasks, and managing groups
B. identifying problems, gathering information, and imagining alternatives
C. cooperating, providing support, and expressing feelings
D. being punctual, managing time, and enforcing policies
Answer:d
Explanation: because it is in the work place survival skills manual
hope this helps
In the Work Survival skills includes the cooperating, providing support, and expressing feelings. The correct option is (C).
What do you mean by Work survival Skills?
The ability to maintain one's life in either a built-up or a natural setting is known as survival skills.
The required skills in the work survival are:
Design thinking.Online cooperationManage cognitive burden.Digital literacyTransdisciplinary.Computation-based reasoning.Cultural sensitivity.Social awareness.Innovative and flexible thinkingPerception.Even though they are not necessary in our modern world of support systems, survival skills will help you become a more independent person who is aware that they don't necessarily need to rely on all of our modern infrastructure systems to survive.
Therefore, in the Work Survival skills includes the cooperating, providing support, and expressing feelings.
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Businesses offer many of the marketing functions, and consumers usually take part in _____ when they make purchases.
- at least five
- one or more
- all
- one
Answer:
one or more
Explanation:
Businesses offer many marketing functions, and consumers usually take part in one or more when they make purchases. The correct option is B.
What is the role of marketing to consumers?Marketing's goals are to interact with customers, provide information, and add value to their lives. Discovering what their customers want and need, then meeting those needs through the products and services they provide, is how businesses decide how to best market to consumers.
The aspect of marketing that is most widely recognized is promotion. The majority of audiences would be familiar with the traditional and digital marketing strategies included. Activities aimed at interacting with consumers, educating them about the company and its offerings, and persuading them to make purchases are referred to as promotional activities.
Thus, the ideal selection is option B.
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Do all states pay the same unemployment compensation and for the same length of time?
Answer:
Explanation:
Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.
Which statement best defines the term deductible? it is money a consumer receives after experiencing a loss. it is the amount a consumer pays before the insurance will start paying. it is money paid by a consumer to share the pool cost of a payout. it is a fee paid to an insurance company to purchase coverage.
Answer:
the answer is B
Explanation:
heheehehehe
The statement best defines the term deductible is that it is the amount a consumer pays before the insurance will start paying. Thus, option B is correct.
What is insurance?Renter’s insurance is a policy which covers the loss of people renting or subletting a property. It helps to protect against loss of properties within the insured apartment. The physical health and having a routine medical checkups can be described as the act of been fit and been healthy which can be seen as routine that involves engaging oneself in in physical activities such as jogging, running so as to improve the physical and mental look of the individuals.
It should be noted that the act of physical health involves the process of eating a good healthy diet so that it can improve the overall health of the body.
When the process of the physical health and having a routine medical checkups is been put on the check then it will reduce the premium that will be needed to maintain the process of the insurance incase there is a need for this.
Therefore, The statement best defines the term deductible is that it is the amount a consumer pays before the insurance will start paying. Thus, option B is correct.
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Jason expects to conduct several transactions with his financial planner over the next year. In addition to a financial plan ($1800), he will also facilitate the creation of a will ($1000) and a trust ($400), and make 40 – 50 trades ($20 each). If Jason has $200000 in assets and the financial planner offers a fee-based plan at 2% of assets, what should Jason do?
Choose the fee-only plan.
Choose the fee-based plan.
Create his own legal documents.
Defer financial planning documents until he can afford to pay the fee to the financial planner.
Jason should compare the costs of the fee-only plan and the fee-based plan to determine which option is more cost-effective for him.
With a fee-based plan at 2% of assets, Jason would pay $4,000 in fees (2% x $200,000) for the year.
On the other hand, if Jason chooses a fee-only plan, he would pay $1,800 for the financial plan, $1,000 for the creation of his will, $400 for the trust, and 40-50 trades at $20 each, which amounts to a total of $2,800 - $3,800.
Based on these calculations, it seems that choosing the fee-only plan would be more cost-effective for Jason than the fee-based plan.
However, it's important to note that creating legal documents such as a will and trust on his own carries its own risks, and it may be worthwhile for Jason to invest in professional help in this area. Additionally, deferring financial planning documents until he can afford to pay the fee to the financial planner may not be the best approach, as it could potentially lead to missed opportunities or poor financial decisions.
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Which of the following is an example of receiving information
Answer:
Receive is defined as to take, accept, experience or welcome. An example of receive is getting a letter in the mail. An example of receive is someone being given a gift. An example of receive is someone hearing bad news.
Explanation:
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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