"What are the meanings of ‘Economic growth’ and ‘Economic development’?
Answers
"Economic growth" refers to the increase in a country's real gross domestic product (GDP) over time.
It is a quantitative measure that focuses on the expansion of the economy in terms of production and output. On the other hand, "economic development" encompasses a broader concept that includes not only the growth of the economy but also improvements in various socio-economic factors such as living standards, education, healthcare, infrastructure, and institutional quality. It emphasizes qualitative improvements and the well-being of individuals and society as a whole.
Economic growth is primarily concerned with the increase in the production of goods and services within an economy. It is usually measured by the growth rate of real GDP, which is the value of all final goods and services produced in an economy adjusted for inflation. Economic growth is often seen as a positive indicator, as it signifies an expanding economy and the potential for higher living standards.
However, economic development goes beyond the narrow focus on GDP growth. It takes into account the overall well-being of individuals and aims to improve their quality of life.
Economic development encompasses a range of factors, including access to education and healthcare, reduction of poverty and inequality, infrastructure development, and the establishment of strong institutions. It recognizes that economic growth alone may not guarantee equitable and sustainable development.
In conclusion, while economic growth measures the quantitative expansion of an economy, economic development considers a broader set of indicators to assess the overall progress and well-being of a society. Economic development aims to achieve sustainable and inclusive growth that benefits all members of society.
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Related Questions
During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?
Answers
Answer:
you have to give "the following"
which costs are actually impacted by the ordering decision? multiple select question. order cost per unit of time holding cost per unit of time purchasing cost per unit of time spoilage cost per unit of time
Answers
The costs that are actually impacted by the ordering decision are: - Order cost per unit of time. Holding cost per unit of time. Purchasing cost per unit of time. Spoilage cost per unit of time.
The costs that are actually impacted by the ordering decision are:
1. Order cost per unit of time
2. Holding cost per unit of time
3. Spoilage cost per unit of time
Purchasing cost per unit of time is generally not impacted by the ordering decision, as it is related to the price paid for each item and is typically independent of order frequency or quantity.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
Market competition is described as a:
A. Full contact sport
B. None of these
C. Survival of the fittest
D. No holds barred
Answers
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Which is a short term consequence of making a late payment on your bill
Answers
Answer:
There will be a late fee added to the bill.
Answer:
just if you don't think the person on top of me is right he is I did the quiz and got a 100%
Explanation:
premiums for automobile insurance are pretty much the same from company to company. t/f
Answers
The given statement "Premiums for automobile insurance are pretty much the same from company to company." is false because there are several factors that insurance companies use to determine the premiums they charge, including the driver's age, gender, driving history, type of car, and location.
Each company has its own underwriting guidelines, rating system, and pricing strategies, which can result in different premiums for the same coverage. Additionally, some insurers may offer discounts or incentives that others do not, such as multi-policy discounts, safe driving rewards, or loyalty programs.
Therefore, it is important to shop around and compare quotes from multiple insurance companies to ensure you are getting the best coverage at the most competitive price. Taking the time to research and compare insurance options can save you hundreds or even thousands of dollars in premiums over the life of your policy.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Identity theft may
1. lower credit interest
2. reduce credit balances
3. affect the credit score
4. cancel debt-to-credit ratio
Answers
Identity theft may affect the credit score.
A proposed project requires an initial cash outlay of $70,000 for equipment and an additional cash outlay of $25,000 in Year 1 to cover operating costs. During Years 2 through 5, the project will generate cash inflows of $ 92,500 a year. What is the net present value of this project at a discount rate of 17.6 percent?
Answers
The net present value of this project at a discount rate of 17.6 percent is obtained.
To calculate the net present value (NPV) of the project, we need to discount the cash inflows and outflows to their present values and then calculate the difference.In this case, the initial cash outlay for equipment is $70,000, and the additional cash outlay in Year 1 for operating costs is $25,000. These cash outflows occur at the beginning of the project, so we don't need to discount them.The cash inflows for Years 2 through 5 are $92,500 per year. We need to discount these cash flows to their present values using the discount rate of 17.6 percent.To calculate the present value of each cash inflow, we divide the cash inflow by (1 + discount rate) raised to the power of the number of years from the present. Then, we sum up the present values of all the cash inflows.
PV = Cash Inflow / (1 + Discount Rate)^n
PV = $92,500 / (1 + 0.176)^2 + $92,500 / (1 + 0.176)^3 + $92,500 / (1 + 0.176)^4 + $92,500 / (1 + 0.176)^5
After calculating the present values, we subtract the initial cash outlay and the additional cash outlay from the sum of the present values of the cash inflows to obtain the net present value.
NPV = Sum of Present Values of Cash Inflows - Initial Cash Outlay - Additional Cash Outlay
NPV = (Sum of PV of Cash Inflows) - $70,000 - $25,000
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Fiscal policy is the government’s use of government spending and taxes to influence the economy. For this task, you will choose one tool of fiscal policy—either government spending or taxes—and complete the activities below.
Part A
Which tool did you choose?
Part B
Do you think this tool should be increased or decreased to help the economy?
Answers
Explanation:
Fiscal policy is based on the theories of British economist John Maynard Keynes, which hold that increasing or decreasing revenue (taxes) and expenditures (spending) levels influence inflation, employment, and the flow of money through the economic system. Fiscal policy is often used in combination with monetary policy, which, in the United States, is set by the Federal Reserve to influence the direction of the economy and meet economic goals.
.
After the French were unable to complete the canal, the US took charge of its completion in 1904, and US President Theodore Roosevelt concluded that the US should receive all of the advantages.
He forbade other Panamanian merchants from establishing enterprises in the canal, and US military personnel were employed to complete the project.
Fiscal policy is termed as the policy that is wholly based on the increase and decrease of the revenue or the taxes of the different aspects of the economy like employment level, inflation, money flow in the economy, and the various others that are prevailing in the economic system.
It is used with the intuition to combine with the other monetary policy of the economy and then set the federal reserve for the economy to set its goals and acquire the economic goals of the economy.
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The Engel Curve for a good is derived by which of the following? Tracing the optimal allocation as the good's price changes Tracing the optimal allocation as income changes Tracing the optimal allocation as either income or price changes Any of the above None of the above
Answers
The Engel Curve for a good is derived by tracing the optimal allocation as income changes.
The Engel Curve shows the relationship between the quantity of a good consumed and the level of income. It illustrates how the demand for a particular good varies with changes in income while holding other factors constant, such as prices.
By tracing the optimal allocation of the good as income changes, economists can observe how individuals adjust their consumption patterns in response to changes in their income levels. As income increases, individuals may choose to allocate more of their budget towards certain goods, resulting in an upward shift in the Engel Curve. Conversely, as income decreases, individuals may allocate less of their budget towards certain goods, leading to a downward shift in the Engel Curve.
The Engel Curve provides insights into the income elasticity of demand for a good and helps economists understand how changes in income affect consumer behavior and consumption patterns. By examining the relationship between income and the quantity consumed, economists can gain valuable insights into consumer preferences and the income sensitivity of different goods
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If Larry drives to work in the morning, he will hit traffic. Therefore: А. If Larry hits traffic, it must be morning, B If Larry drives to work in the afternoon, he will not hit traffic. с if Larry doesn't hit traffic, it must not be morning. if Larry drives to work in the afternoon, he will hit traffic. E None of the above
Answers
The correct statement among the given options is option C: If Larry doesn't hit traffic, it must not be morning. The given statement states that if Larry drives to work in the morning, he will hit traffic.
The correct statement among the given options is option C: If Larry doesn't hit traffic, it must not be morning.
The given statement states that if Larry drives to work in the morning, he will hit traffic. Therefore, the contrapositive of this statement would be: If Larry doesn't hit traffic, it must not be morning. This is because the contrapositive of a conditional statement is logically equivalent to the original statement.
Option A, "If Larry hits traffic, it must be morning," is not necessarily true. Larry hitting traffic doesn't imply that it must be morning. There could be other reasons for traffic, such as accidents or road construction.
Option B, "If Larry drives to work in the afternoon, he will not hit traffic," contradicts the initial statement that Larry will hit traffic if he drives to work in the morning.
Option D, "If Larry drives to work in the afternoon, he will hit traffic," is not supported by the given information. The initial statement only mentions traffic in the morning, and there is no information provided about traffic in the afternoon.
Therefore, option C is the correct statement based on the given information.
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The options provided cannot be derived directly from the statement 'If Larry drives to work in the morning, he will hit traffic.' The traffic situation during other times of the day is not addressed in this statement. Therefore, the answer is 'E. None of the above.'
Explanation:The statement 'If Larry drives to work in the morning, he will hit traffic' does not necessarily imply any of the options provided. Let's dissect each one:
A. 'If Larry hits traffic, it must be morning' - This is not necessarily true. While Larry hits traffic in the morning, the statement doesn't specify that he doesn't hit traffic at other times.
B. 'If Larry drives to work in the afternoon, he will not hit traffic' - This also can't be assumed. We don't have information on afternoon traffic.
C. 'If Larry doesn't hit traffic, it must not be morning.' - It's possible, as Larry hits traffic every morning, but we do not know if there're mornings without traffic.
D. 'If Larry drives to work in the afternoon, he will hit traffic.' - Again, no information on afternoon traffic.
Therefore, the correct answer is E. None of the above.
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it's usually easier to convince customers to adopt a continuous innovation than a discontinuous innovation. true or false
Answers
The statement, "it's usually easier to convince customers to adopt a continuous innovation than a discontinuous innovation." is true.
Continuous innovation involves making small improvements or upgrades to an existing product or service, which is often easier for customers to accept since they are already familiar with the product or service.
In contrast, discontinuous innovation involves introducing a completely new product or service, which can be more difficult to convince customers to adopt since it requires a significant change in their behavior or habits.
Discontinuous innovation may also require additional resources, such as training or investment in new equipment, which can further hinder adoption. Therefore, companies often focus on continuous innovation as a way to gradually improve their offerings and maintain customer loyalty.
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The Upper Tier has a current debt-equity ratio of .52 and a target debt-equity ratio of .45. The cost of floating equity is 9.5 percent and the flotation cost of debt is 6.6 percent. What should the firm use as their weighted average flotation cost?
Answers
Answer: 8.60%
Explanation:
Given the following :
Current debt-equity ratio = 0.52
Target debt-equity ratio = 0.45
Cost of floating equity = 9.5%
Floatation cost of debt = 6.6%
The Weighted average cost is calculated by finding the Weighted average cost of both debt and equity.
1 + 0.45 = 1.45
Weight of debt= 0.45/ 1.45 =0.31034
Weight * cost of debt
0.31034 × 6.6% = 2.0482758
Weight of equity = 1/1.45 = 0.6896551
Weight * cost of equity
0.6896551 × 9.5% = 6.5517241
Sum of both
(6.55 + 2.05) % = 8.60%
Match each term with its description. Match Term Definition Economy A) Make or provide goods and services that consumers buy and use. Free enterprise system B) People who buy and use goods and services. Producers C) A system in which individuals or businesses may buy, sell, and set prices with little government control. Consumers D) How people produce, distribute, and use goods and services. Supply E) The amount of goods and services available for sale.
Answers
Answer:
A) Make or provide goods and services that consumers buy and use.- Producers.
B) People who buy and use goods and services.- Consumers.
C) A system in which individuals or businesses may buy, sell, and set prices with little government control.- Free enterprise system.
D) How people produce, distribute, and use goods and services.- Economy.
E) The amount of goods and services available for sale.- Supply.
Explanation:
1. A producer is a term used for the ones producing the goods. They are the ones who make, provide, and supply goods and services to 'consumers' to buy or use as they please.
2. Consumers are the ones 'taking in' the provides goods and services from the producers. They are the receiving end of the service line, people who buy and use the producers' products.
3. Free enterprise system is a system where individuals can sell, buy, and even set prices on goods and services without the government setting a limit. This is a freedom of regulation where the individuals have the freedom to do anything with their services and goods.
4. An economy is a system of human labor where people who produce and those who receive the services and goods of these producers come together. This system is an exchange of services and labor, that of exchange and consumption between the producers and consumers.
5. Supply is the number of goods and services available for the consumers to avail. It is the number of goods and services available or made available in the market.
Examine the U.S. Bureau of Labor Statistics Occupational Outlook Handbook (Links to an external site.). Write the following:
• Pick 2 careers that interest you.
• Imagine yourself in each of those careers. Describe the benefits and risks for each of the careers.
• Describe how this course might help you be successful in those careers
Answers
Careers: 1. Data Scientist, 2. Financial Analyst.
Benefits of Data Scientist: High demand, lucrative salaries, opportunities for innovation, solving complex problems. Risks: Rapidly evolving field, continuous learning.
Benefits of Financial Analyst: Strong job prospects, financial expertise, analytical skills, potential for growth. Risks: High-pressure environment, long hours during busy periods.
Benefits of pursuing a career as a data scientist include being in high demand in various industries, which translates to excellent job prospects and competitive salaries. Data scientists have the opportunity to work on cutting-edge technologies and contribute to innovative solutions for complex problems. They also enjoy a high level of job satisfaction due to the intellectual challenges and the ability to make a significant impact through data-driven insights. Additionally, data scientists often have the flexibility to work remotely or on flexible schedules, allowing for a good work-life balance. The field of data science is constantly evolving, providing ongoing learning opportunities and the chance to stay at the forefront of technological advancements.
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1. If the risk-free return were 4.0% and a security's beta coefficient were 2.0, what would be the required rate of return for the security? 4% 5% 10% 14% 2. If the risk-free return (inflation) increases by 2 percentage points, the required rate of return stays the same for all securities increases the same 2 percentage points for all securities increases for some securities and decreases for others depending on the beta coefficient cannot be determined without more information 3. If the risk-free return (inflation) increases by 2 percentage points, then for the security market line both the y-intercept and the slope remain the same the y-intercept changes and the slope remains the same the y-intercept remains the same and the slope changes both the y-intercept and the slope change
Answers
Answer:
1. Use CAPM to solve
Required Return = Risk Free Rate + beta(market premium)
= 4% + 2(5%)
= 14%
2. Increases the same 2 percentage points for all securities
If the risk-free return increases by 2%, then it would become 6%.
The required return becomes;
= 6% + 2(5%)
= 16%
Required return increases by 2% to 16%.
3. The y-intercept changes and the slope remains the same.
The formula for the Security Market Line is the CAPM formula.
The normal formula for a line takes the form;
y = mx + c
Where c is the y intercept and m is the slope.
The CAPM formula is the same at;
R = rF + brM
The beta is the slope and the risk free rate is the y intercept. If the risk-free rate increases by 2% then the y-intercept will change by those 2 percentage points but the beta will remain the same.
3. Integrated Potato Chips does not pay a dividend. Its current stock price is $150 and there is an equal probability that the return over the coming year will be -10%, +20%, or +50%. A) What is the expected price at year-end?
Answers
Integrated Potato chips expected price at year-end will be around $180.
What is the expected price?An expected price level, also known as anticipated price level, is the rate or price that products and services might be expected to attain given a specific set of economic conditions. This kind of figure is typically predicted by economists or even business owners as a way to get a sense of what will happen in a particular market should certain circumstances take place.
What does stock price mean?The price at which a share of stock is currently trading on the market is referred to as the stock price. When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the company itself.
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Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.
The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
No, the court will start with a clean slate in reaching a decision regarding Jackson's case.
Answers
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
I did the assignment in edge 2021.
Is the following scenario a partnership? Performing in a twenty-piece band with a rotating showcase of trumpeteers.
OYes
ONo
Answers
Answer:
no
Explanation:
there isn’t a sense of ownership between two people
OVERALL IMPACT AND KEY DRIVERS: Tax Rate
Cost Equity?
Debt? Math behind it?
WACC?
Implied Value from Unlevered DCF?
Answers
The tax rate can have a significant impact on a company's overall financial performance and valuation. A high tax rate can lead to lower net income and cash flow, which can negatively affect a company's cost equity and debt.
When a company has a high tax rate, it may need to pay more interest on its debt, which can increase its cost of capital and reduce its profitability.The math behind this involves calculating a company's weighted average cost of capital (WACC), which takes into account the cost of equity and the cost of debt. A higher tax rate can lead to a higher cost of debt, which can increase the WACC and reduce the overall value of the company.Additionally, the tax rate can impact the implied value of a company from an unlevered DCF (discounted cash flow) analysis.
This is because the tax rate affects the after-tax cash flows that are used in the DCF model. A higher tax rate can lead to lower after-tax cash flows and a lower implied value.Overall, the tax rate is an important factor to consider when evaluating a company's financial performance and valuation. It can impact the cost of equity and debt, the WACC, and the implied value from a DCF analysis.
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Career Question Below
Answers
Answer:
I think A. sorry if I'm wrong
organizations that use mechanisms, such as standardization of work processes, rules, and detailed procedures to coordinate work, are highly ______.
Answers
Organizations that use mechanisms such as standardization of work processes, rules, and detailed procedures to coordinate work are highly bureaucratic.
Bureaucracy refers to a system of organization characterized by hierarchical authority, clear division of labor, formal rules and procedures, and impersonal relationships. In highly bureaucratic organizations, there is a strong emphasis on following established protocols and guidelines to ensure consistency, efficiency, and control in the execution of tasks. Standardization of work processes, rules, and detailed procedures is a key aspect of bureaucratic organizations as it helps to achieve uniformity, minimize ambiguity, and facilitate coordination among different individuals and departments.
Therefore, the correct term to describe organizations that use these mechanisms is "bureaucratic."
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Question 1 [15 points] b) Prepare any required adjusting entry assuming. LCNRV is applied to each nem. Dates must be entered in me format dammin (is) san), Heave the entry blank if no adjusting entry
Answers
L C N R V (Lower of Cost or Net Realizable Value) is an accounting concept that asserts that inventory should be listed on the balance sheet at the lower of its historical cost or net realizable value .
When the expense value exceeds the selling price. In other words, L C N R V is used to ensure that the value of inventory on the balance sheet is not overstated, which would otherwise lead to distorted financial statements.The adjustment entry for the L C N R V concept is critical to ensure that inventory is accurately reflected on a company's balance sheet.
The L C N R V is used to determine the value of inventory at its lowest cost or net realizable value. An adjusting entry is needed for this. An adjusting entry ensures that inventory is valued correctly on the balance sheet and that all necessary accounts are updated correctly.To put this into effect, we must adjust inventory's value and its associated expense, cost of goods sold.
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What is the main purpose of the dual accounting method?.
Answers
Answer:
The main purpose of a double-entry bookkeeping system is to ensure that a company's accounts remain balanced and can be used to depict an accurate picture of the company's current financial position.
Explanation:
Pride Ltd is a company that operates in a variety of sectors but started out in the food industry. They made their entry into the market in 1994 via a fast-food restaurant which has been a major success. Since then, they have expanded their business in the fast-food industry and they are also operational in cuisines. The company was founded by Mr Mufasa. He appointed the current CEO, Mr Simba, as well as their financial manager, Mr Zazu. Ms Nala is heading the operational department. Their biggest competition is Scar Corporations, even though Scar Corporations has recently had some bad publicity. You are newly qualified and looking to join Pride Ltd. During your interview, you were asked the following questions. Write down only the question number and next to the number the letter of the correct answer. 1.1 Two frequently cited ratios of profitability that can be read directly from a commonsize statement of comprehensive income are A. the earnings per share and the return on total assets. B. the gross profit margin and the earnings per share. C. the gross profit margin and the return on total assets. D. the gross profit margin and the net profit margin. 1.2 The financial leverage multiplier is an indicator of how much a company is utilising. A. operating leverage B. long-term debt C. total debt D. total assets
Answers
1.1: Correct option is C. The two frequently cited ratios of profitability that can be read directly from a common-size statement of comprehensive income are: Option C. the gross profit margin and the return on total assets.
1.2: The financial leverage multiplier is an indicator of how much a company is utilizing: Option B. long-term debt
1.1:Common size financial statements are used by investors and analysts to analyse a company's performance over time and assess its financial stability. In such statements, the income statement is expressed in terms of percentages rather than dollar amounts, making it easy to compare the performance of different companies of varying sizes. The gross profit margin and the return on total assets are two key measures of profitability that can be found on a common-size statement of comprehensive income.
1.2:Financial leverage multiplier indicates how much of a company's financing comes from long-term debt. The total amount of debt a company has is known as total debt. It's calculated by dividing total assets by equity, and it shows how much of the company's assets have been financed by debt.
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What is Gravitational law and how yo solve it
Answers
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answers
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
What is the best advice to keep in mind as you grow your business?
Answers
Answer:
Be smart and watch out for snakes
PLEASE HELP
2 6.1.2 Exam: Exam
A.
Question 1 of 40
Which of the following is an example of internal compliance?
O A. A publishing company prevents its employees from using office
computers for personal use.
O B. An accounting firm adheres to the Sarbanes-Oxley Act to prevent
fraud.
O c. A hospital's staff members participate in state-mandated training
sessions every year.
D. A fast food restaurant follows Department of Agriculture
regulations for food preparation.
SUBMIT
Answers
The correct answer is A. A publisher prevents its employees from using office computers for personal use.
Explanation
Internal compliance is a set of strategic internal rules and measures focused on employee behavior and ethics. This internal Compliance was obtained with the aim of improving business practices aimed at raising the quality level of results, goals, and objectives. According to the above, the correct answer is "A. publisher prevents its employees from using office computers for personal use." because this is an example of a business rule that pre-empted the misuse of company equipment preventing its employees from using it for purposes other than corporate ones.