What is progressive discipline? Why is this important for
employee relations? In your opinion, is progressive discipline an
effective method in correcting poor employee behaviour?
Answers
Progressive discipline is important for employee relations for several reasons:
Fairness and Consistency: Progressive discipline ensures that disciplinary actions are applied consistently across the organization. It establishes clear guidelines and consequences for unacceptable behavior, promoting fairness and equity in how disciplinary issues are handled. This can help prevent perceptions of favoritism or unfair treatment among employees.
Employee Development and Improvement: The progressive nature of discipline allows employees to understand the consequences of their actions and provides them with opportunities to address their performance or behavioral issues. It encourages employees to take responsibility for their actions and work towards improvement. By offering coaching, feedback, and training interventions, progressive discipline can support employee development and help them overcome challenges.
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Related Questions
Explain five steps in product design for a business
Answers
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
Unscramble the vocabulary word from Chapter 12: pexnesse
Answers
Answer:
expenses
Explanation:
A scrambled word is a word that has been rearranged or jumbled, so its letters are not in the correct order. The purpose of unscrambling a word is to rearrange the letters back into their correct order to form a meaningful word. The scrambled word "pexnesse" can be unscrambled to form the word "expenses."
Expenses refer to the costs or expenditures incurred in the process of conducting business, managing personal finances, or carrying out various activities.
Expenses can include a wide range of items, such as bills, purchases, salaries, rent, utilities, taxes, and any other monetary outflows required to sustain operations or maintain a certain lifestyle.
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the company’s risk manager has estimated to incut eight insured losses og $1.000 each during the next year. Which one of these in the optical insurance policy to chocise? a. Policy A: $5000 premium/yes and 51000 deductible b. Policy B: $3300 premiumjyear and $1100 deductible c. Policy C. $2500 premiunvyear and 51300 deductable
d. Policy D: $2000 premiumiyear and $1400 deductible
e. Palicy E: 51000 premiumivear and $1500 deductible
Answers
Answer: Analyze the risk
How will you respond? During this step, your team will estimate the probability and fallout of each risk to decide where to focus first. Then you will determine a response plan for each risk.
Explanation:
Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
Answers
Answer:
Success, Power, and Politics in the Workplace.
Strive to Understand and Support His Goals.
Communicate at the Right Volume.
Be Careful With the Water Cooler Conversations.
Save Her From Unwelcome Surprises.
Always Go in With a Plan.
Build Bridges Across the Organization.
Show off Your Work Without Being Obnoxious.
Explanation:
Answer:
Learning other tasks makes u more efficient your boss will begin to value u and your efforts to make his work better
What is the main advantage of using templates and other presentations to create a new presentation?.
Answers
The biggest benefit of using templates and existing presentations is that they allow you to develop slides faster and concentrate more on the content.
A presentation enables a speaker to inform an audience. A presentation is often a demonstration, an introduction, a lecture, or a speech that aims to educate, convince, motivate, inspire, or convey a novel concept or good idea. The typical requirements for presentations include presentation preparing, organizing, writing, using visual aids, managing stress, and responding to inquiries. The presenter, the audience, the templates message, the audience's response, and the mode of speech delivery are the important components of a presentation.
As in the presentation of a debutante, the phrase can also refer to a presentation formal or ritualized introduction or offering. Keynote addresses are another name for presentations in specific formats. Also templates appearing increasingly frequently are interactive presentations that presentation include the audience. Through this, the speaker and listener engage in conversation as opposed to a monologue. A presentation that involves audience participation has the benefit of grabbing their attention and fostering a sense of camaraderie.
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Can someone please help me with this questions??
Answers
C
both A and B
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.
A)addition
B)IRS
C)accounting
D)inventory
Answers
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Which career path includes the work duties of hiring and managing farm laborers? a career as a purchasing agent career as a farm management advisor a career as a farm labor contractor a career as a food scientist
Answers
Answer:
The answer would be a Farm Management Advisor.
Explanation:
Answer:
a career as a farm management advisor
Explanation:
explain five importance of a division of labour in production
Answers
Explanation:
INNOVATION: When workers are set specific tasks, that is their pure focus. So it becomes easier to see pitfalls in the existing process. Doing the same task each day makes it easier to analyse areas for improvement. It takes up more of the brains processing power, so it is at the forefront of a workers mind.
HIGHER WAGES: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.
CHEAPER PRODUCTS: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.
PRODUCTIVITY: When workers focus solely on a specific task, they can master it quicker and more efficiently. In turn, workers become more productive.
EFFICIENT MASTERY: Without the division of labor, mastery of a skill takes much longer. This is because a workers attention is spread across many areas.
For instance, it would be difficult to master a language if you are also trying to learn the piano, engineering, CSS, and economics. So, the division of labor allows the worker to focus and master a specific part of the process, which helps them learn it faster.
WILL MARK BRAINLIEST What goods and services do the medical/business course department purchase?
Answers
Answer:
They buy a variety of things including but not limited to, drugs, equipment, etc.
According to the trio-of-basic-needs theory, the ______ is closely related to the ego need.A) affection needB) affiliation needC) power needD) prestig
Answers
Hi! According to the trio-of-basic-needs theory, the power need (C) is closely related to the ego need. The other options, affection need (A) and affiliation need (B), are not as closely related to the ego need in this theory.
The trio-of-basic-needs theory, also known as the motivational theory of personality, proposes that humans have three basic psychological needs: the need for achievement, the need for affiliation, and the need for power.The need for achievement refers to the drive to excel and accomplish difficult tasks, while the need for affiliation refers to the desire for social interaction and acceptance from others. The need for power, on the other hand, refers to the desire to have an impact on others, to influence and control them, and to be recognized as an authority figure. This need is closely related to the ego, as it is concerned with self-esteem, self-image, and self-worth. Therefore, the correct answer to the question is C) power need.
The affection need is related to the need for belongingness and love, while the affiliation need is related to the need for social interaction and group membership. The prestige need is related to the desire for status and recognition.
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In today's world, which of the following is not true about television programming? a. The most-watched television programs are situation comedies and sports. b. The most popular shows attract a relatively small percentage of the overall audience. c. There is a demand for more diverse programming. d. Traditional audiences are still leading the programming decisions.
Answers
In today's world, the statement "Traditional audiences are still leading the programming decisions" is not true about television programming. Option D is correct.
Over the years, the dynamics of television programming have evolved significantly due to changing viewer preferences and advancements in technology. Traditional audiences, while still significant, no longer solely dictate programming decisions.
The rise of streaming platforms, on-demand content, and personalized viewing options have diversified the television landscape.
a. It is true that situation comedies and sports are among the most-watched television programs, but other genres like dramas, reality shows, and documentaries also enjoy substantial viewership.
b. The most popular shows do attract a relatively small percentage of the overall audience. With the proliferation of channels and platforms, viewership is fragmented across a wide array of choices.
c. There is indeed a demand for more diverse programming. Audiences now seek content that reflects a broader range of perspectives, cultures, and experiences, driving the need for inclusivity and representation.
Therefore, the statement that is not true about television programming today is "Traditional audiences are still leading the programming decisions." Correct answer is option D
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Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each puter is $119. Company records indicate the following for a particular line of Golf Unlimited's puters BER (Cick the icon to view the records) Read the requirements Requirement 1. Prepare Golf Unlimited's perpetual inventory record for the puters assuming Goll Unlimited uses the LIFO inventory costing method. Then identily the cost of ending inventorys for the month Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Cost Quantity Cost Cost Quantity Cost Nov. 1 - X -X Data Table Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO inventory costing method Then identify the cost of ending inventory and cost of goods sold for the month Journalize Golf Unlimited's inventory transactions using the LIFO inventory costng method (Assume purchases and sales are made on account) Item Unit Cost Date Quantity Balance Nov 1 53 24 Sale 2. 6 20 Purchase 70 30 30 17 Sale Done Print Sale 2 30 Print Done Enter any number in the edit fields and then cick Check Answer
Answers
Following each transaction, let's update the inventory on hand balances in order to determine the perpetual inventory record for Golf Unlimited using the LIFO (Last In, First Out) inventory costing method:
Initial Inventories: November 1, 2017 Number: 53Unit Price: $24 The entire cost was $1272 (53 * $24).$1,272 in current inventor Sale:
Dated November 2 and six in all. Unit $24 (based on the price of the oldest inventory tier).$144 (6 * $24) was the cost of the goods sold. Inventory currently in stock: $1,128 ($1,272 - $144Invest: Dated November 20. Numbered in the seventy
Unit Price: $30
Cost in total: $2,100 (70 * $30).
Inventory currently in hand: $3,228 ($1,128 + $2,100).
Sale: November 30, 2018Number: 17 $30 per unit (based on the cost of the most recent inventory layer
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A company reported that its bonds with a par value of $50000 and a carrying value of $66.500 are retired for $71,400 cash, resulting In a loss of $4,900. The amount to be reported under cash flows from financing activities is: a. $(71,400). b. $(16,500). c. $(66,500). d. $16,500. e. $(4,900).
Answers
The correct answer is (a) $(71,400).
When a company retires bonds, cash flows from financing activities will be affected. Bonds with a par value of $50,000 and a carrying value of $66,500 were retired for $71,400 cash, resulting in a loss of $4,900.
The company will report cash flows from financing activities of $(71,400). This is calculated by subtracting the carrying value of the bonds ($66,500) from the amount received for the retirement of the bonds ($71,400). The loss of $4,900 is not reported in the statement of cash flows.
The other answer choices are incorrect because:
- (b) $(16,500) is incorrect because it is the difference between the par value of the bonds ($50,000) and the cash received for the retirement of the bonds ($71,400).
- (c) $(66,500) is incorrect because this is the carrying value of the bonds, which was not reported in the statement of cash flows.
- (d) $16,500 is incorrect because it is the difference between the cash received for the retirement of the bonds ($71,400) and the par value of the bonds ($50,000).
- (e) $(4,900) is incorrect because this is the amount of the loss that was not reported in the statement of cash flows.
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If a preferred stock from ADV Corp. pays $5.55 in annual dividends, and the required return on the preferred stock is 12.0 percent, what's the current value of the stock?
A. $45,50
B. $46.25
C. $47.25
D. $47.50
Answers
The correct answer is option C. $47.25. Preferred stock is an investment type that is between a bond and a common stock.
Preferred stock pays dividends, but not as a fixed amount like a bond; instead, the dividend payment fluctuates based on a percentage of the stock's par value, which is the face value of the stock when it was first issued.
In the formula for valuing a preferred stock, we use this payment amount and the required rate of return to figure out the value of the stock.
To calculate the current value of the stock, we'll use the following formula:
P = Annual dividend payment / Required rate of return
P = $5.55 / 0.12 = $46.25
The current value of the stock, according to the above calculation, is $46.25.
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Since there are advantages and disadvantages for all types of incentive pay, organizations offset the disadvantages by ______.
Answers
What organization do to offset the disadvantages by increasing the pay or awarding them for a job well done
Incentive pay by organizationsIncentives are bonuses given to employees based on their performance on the job.
Incentives are used to encourage production-line workers to increase their production output,
These incentives are known to be both advantageous and disadvantageous, what organizations do to offset the disadvantages by increasing the pay or awarding them for a job welldone
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Drag the tiles to the correct boxes to complete the pairs. Match the types of agreements to their descriptions.
Answers
Answer:
A will has legal impact after you have passes away and has to be filed with the court.
A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.
A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.
A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.
Explanation:
Analyse the following trasaction for surprise Ltd. Using the concept of Accounting Equation comprising of Assets, Liabilities and Equity. 1. Commenced business with cash of ₹ 5,00,000
2. Purchased equipment for cash ₹ 2,00,000
3. Purchased furniture worth ₹ 50. 000 on credit from indimart
4. Purchased raw material for ₹ 25,000 against cash from xyz suppliers
5. Deposited cash of ₹ 1,25,000 in the current account
6. Sold goods for ₹ 75,000 and received a cheque against the same
Answers
The accounting equation for Surprise Ltd. will be Assets are ₹ 5,50,000, Liabilities are ₹ 50,000, and Equity are ₹ 75,000.
The accounting equation is Assets = Liabilities + Equity. Let's analyze each transaction and its effect on the accounting equation
Commenced business with cash of ₹ 5,00,000
Increase in cash (Asset) by ₹ 5,00,000
No effect on liabilities and equity
Assets = ₹ 5,00,000, Liabilities = 0, Equity = 0
Purchased equipment for cash ₹ 2,00,000
Decrease in cash (Asset) by ₹ 2,00,000
Increase in equipment (Asset) by ₹ 2,00,000
No effect on liabilities and equity
Assets = ₹ 3,00,000 (₹ 5,00,000 - ₹ 2,00,000), Liabilities = 0, Equity = 0
Purchased furniture worth ₹ 50,000 on credit from Indimart
Increase in furniture (Asset) by ₹ 50,000
Increase in accounts payable (Liability) by ₹ 50,000
No effect on equity
Assets = ₹ 3,50,000 (₹ 3,00,000 + ₹ 50,000), Liabilities = ₹ 50,000, Equity = 0
Purchased raw material for ₹ 25,000 against cash from XYZ suppliers
Decrease in cash (Asset) by ₹ 25,000
Increase in raw material (Asset) by ₹ 25,000
No effect on liabilities and equity
Assets = ₹ 3,50,000 (no change), Liabilities = ₹ 50,000 (no change), Equity = 0 (no change)
Deposited cash of ₹ 1,25,000 in the current account
Increase in cash (Asset) by ₹ 1,25,000
No effect on liabilities and equity
Assets = ₹ 4,75,000 (₹ 3,50,000 + ₹ 1,25,000), Liabilities = ₹ 50,000 (no change), Equity = 0 (no change)
Sold goods for ₹ 75,000 and received a cheque against the same
Increase in cash (Asset) by ₹ 75,000
Increase in equity (Capital) by ₹ 75,000 (assuming no expenses)
No effect on liabilities
Assets = ₹ 5,50,000 (₹ 4,75,000 + ₹ 75,000), Liabilities = ₹ 50,000 (no change), Equity = ₹ 75,000
Therefore, after all the transactions, the accounting equation for Surprise Ltd. will be
Assets = ₹ 5,50,000
Liabilities = ₹ 50,000
Equity = ₹ 75,000
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13. The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by
the government's influence on the firm?
A) health and safety laws
B) the interest it pays on borrowed money
C) the minimum wage it must pay its workers
D) the replacement of the director of finance
Answers
Answer:
D) the replacement of the director of finance
Explanation:
The replacement of the director of finance is an internal affair on the company. It is not subject to any government regulations, unlike the other options. In choosing the director of finance, the company directors will select the best candidate for the job according to their judgment. In deciding who will the next director of finance, the directors don't need to consult any other person or regulations.
A) Health and safety laws, interest on loans, and the minimum wages are subject to regulation by government agencies such as OSHA for health and safety and the Federal Reserve for interest rates.
When Bonita put together a research report for her company, what would she have included in the references section?
Answers
In a typical research report, the items that are included in the references section are:
authordatetitlesource.What is the purpose of references in research report?Generally, a reference is the way of giving credit to the writers from whom you have borrowed words and ideas, so, by citing the work of a particular scholar, you acknowledge and respect the intellectual property rights of that researcher.
As an academic, we can draw on any of the millions of ideas, insights and arguments published by other writers, many of whom have spent years researching and writing. All we need to do is acknowledge their contribution to your assignment.
So, by referencing, this allows you to acknowledge the contribution of other writers and researchers in your work. All of the university assignments that draw on the ideas, words or research of other writers must contain citations.
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Answer: k12 is for nerds
Explanation:
What was Roosevelt's recovery program called?
Answers
Roosevelt's New Deal Recovery programs focused on stabilizing the economy by creating long-term employment opportunities
What was Roosevelt's recovery program?Decreasing agricultural supply to drive prices up, and helping homeowners pay mortgages and stay in their homes, which also kept the banks solvent.The New Deal had three goals relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. The name of the project of President Franklin Roosevelt’s domestic program which spurred economic recovery in the United States is:According to the given question, we are asked to state the name of the project of President Franklin Roosevelt’s domestic program which spurred economic recovery in the United States.The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.As a result of this, we can see that the New Deal program was a series of programs and projects which were initiated by the Federal Government to help reduce the economic crunch in the country and they managed to do so successfully.To learn more about recovery program refer to:
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Lets say you were a teacher. If parent approaches you to encourage you to give information about another child, what should you do.
Answers
first of all I will ask the parents what's the matter, if they explain me then also I will not going to give the child's information, I will contact to the principal about this matter and school management will look out at this matter.
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition?
Select 2 correct answer(s)
A.) Mobile Fish and Chips Truck
B.) A local Taco Bell franchise
C.) Walk-up Mexican Food stand
D.) A local Burger King franchise
Answers
The two options that could be considered indirect competition for a mobile Taco Truck are (A) Mobile Fish and Chips Truck (C) Walk-up Mexican Food stand
Indirect competition refers to businesses that offer different products or services but still target the same customer base or satisfy similar customer needs. In this case, the Taco Truck, Fish and Chips Truck, and Walk-up Mexican Food stand all fall under the category of mobile food vendors and offer food options to customers.
The Mobile Fish and Chips Truck is an example of indirect competition because it provides a different type of cuisine compared to the Taco Truck. While the Taco Truck focuses on Mexican food, the Fish and Chips Truck specializes in seafood. However, both food trucks target customers who are seeking quick and convenient meals on the go, making them indirect competitors.
Similarly, the Walk-up Mexican Food stand is considered indirect competition because it also offers Mexican food but operates in a different format. Unlike the mobile food trucks, the stand is stationary and doesn't have the mobility aspect. However, it caters to customers looking for Mexican cuisine and offers a similar dining experience to the Taco Truck.
On the other hand, option B (local Taco Bell franchise) and option D (local Burger King franchise) would be considered direct competitors as they both operate in the fast food industry and offer similar types of food as the Taco Truck. These franchises have established brick-and-mortar locations and compete directly with the Taco Truck for customers seeking fast food options.
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How does a command economy differ from a mixed market economy?
In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
In a command economy, citizens own all public property. In a mixed market economy, the government own all private property.
In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answers
Answer:In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.
Explanation:
The correct answer is: A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
Explanation:
In a command economy, the government makes all economic decisions and owns all resources and property. This means that citizens have fewer property rights and little control over their economic decisions. The government makes decisions regarding what and how much to produce, how to produce it, and how to distribute it.
In contrast, in a mixed market economy, individuals and private businesses own most of the property and resources. The government sets regulations and standards to ensure businesses operate within certain boundaries, but individuals and businesses have more control over their economic decisions. Citizens have more property rights and freedom to make economic decisions based on market forces.
Question 5 Which of the following statements is/are true about endemic species? All of these statements are true They are very susceptible to extinction They are not commonly found in isolated areas, like islands They typically have medium-high population numbers
Answers
the statement that is true about endemic species is that they are very susceptible to extinction. Other statements, such as the one that states they are not commonly found in isolated areas like islands, are false.
Endemic species are those that are native or restricted to a particular geographical region. They are unique to that area and are not found anywhere else. In this context, there are several statements about endemic species that are true.The first statement is that all of the statements are true about endemic species. This statement is not true because some statements may not be true. Therefore, this statement is false.The second statement is that endemic species are very susceptible to extinction. This statement is true because endemic species are often threatened by environmental disturbances, habitat loss, and climate change.The third statement is that they are not commonly found in isolated areas, like islands. This statement is false because endemic species are often found in isolated areas, such as islands, mountain ranges, and river basins.The fourth statement is that they typically have medium-high population numbers. This statement is false because endemic species often have low population numbers, and they are vulnerable to population declines and extinction events.
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gdp per capita is a relatively good measurement of: group of answer choices the distribution of income. purchasing power. household production. the standard of living.
Answers
GDP per capita is a relatively good measurement of the standard of living. Gross Domestic Product per capita (GDP per capita) is a measure of the country's economic output that determines the total economic output of a country divided by the total number of people in the country.
It's a measure of a country's economic efficiency and standard of living, as well as a comparison of different countries' economies. The calculation of GDP per capita can be done in the following ways: Dividing the Gross Domestic Product by the country's overall population is one way to calculate the GDP per capita. The second way to calculate GDP per capita is to divide the total workforce by the working population because it is the working population that drives the economy.
Therefore, it can be concluded that GDP per capita is a relatively good measurement of the standard of living. GDP per capita is a relatively good measurement of the standard of living. This is because it represents the average economic output per person in a country, which is commonly used to gauge the overall well-being and prosperity of a population.
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The most basic form of ownership in a firm consists of:
Answers
Ease of formation, flexibility, and diversity of management are advantages of the _____ form of business ownership.
Answers
Features such as ease of formation, flexibility, and diversity of management are advantages of the partnership form of business ownership.
What is a partnership ownership?It refers to a formal arrangement by two or more parties to manage and operate a business and share its profits. In other words, it is essentially the arrangement between two or more people to oversee business operations and share its profits and liabilities.
Most time, in most partnership business, all the partners share liabilities and profits equally, while in others, partners may have limited liability. However, there is a "silent partner," in which one party is not involved in the day-to-day operations of the business.
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