which of the following marked the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries?
Answers
The end of World War I marked the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries.
What are nation-states?A nation-state is a geographical area where individuals live under a government that considers itself sovereign. Most of the world's states are considered to be nation-states.
What are empires?.An empire is a state in which the government has supreme authority over a vast territory, which includes a range of distinct cultural and ethnic groups. Empires' goals are generally to bring together various groups under a single leadership structure, either by conquest or voluntary submission. The people who live in an empire are often divided into social classes, with the ruling class having a lot of power, influence, and wealth.
The end of World War I marks the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries. This war signaled the beginning of the end of the large, sprawling empires that had ruled Europe for centuries. In the aftermath of the war, these empires disintegrated and were replaced by new, smaller nations based on ethnic and linguistic lines, leading to the establishment of nation-states.
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Related Questions
What is the best definition of technology?
Technology is replacing human workers with mechanical or electronic devices.
Technology is applying scientific knowledge to find answers and fix problems.
Technology is using fewer resources to manufacture goods more efficiently.
Technology is hiring workers from all over the world to manufacture goods.
Answers
Answer:
technology is applying scientific knowledge to find answers and fix problems.
Explanation:
thats what i think. sorry if its wrong
Answer:
EDG: A-Technology is applying scientific knowledge to find answers and fix problems.
Explanation:
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answers
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answers
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
When updating your résumé, you should make sure that you
a. Update your career focus
b. Add in your new skilis
C.
Take out your outdated qualifications
d. All of the above
Answers
Answer:
d. All of the above
Explanation:
The whole idea of updating your resume is to include any new skills or any changes in your career focus. E.g. you graduated from college, so you will update your status as college graduate instead of student. Also, if some of your qualifications are no longer relevant, you should exclude them, e.g. if you graduated from med school, your previous experience working at a grocery store might not be relevant.
How can you avoid spending more than what is in your bank account?
1. Check your bank statement once a month.
2. Ask your financial institution to notify you when you are close to $0 in your account.
3. Keep your own records to compare with your financial institution's records.
4. None of the above
Answers
A logistics company has hired you as a consultant for their SCM
implementation. Explain in detail the flow of the supply to the
stakeholders. (800 words)
Answers
The flow of supply involves the movement of goods and information from suppliers to stakeholders, ensuring timely delivery and meeting customer demands.
In a supply chain, the flow of supply refers to the process of managing the movement of goods and information from suppliers to stakeholders, including manufacturers, distributors, retailers, and end customers. It involves several key steps: Supplier Selection: Identifying and selecting reliable suppliers who can provide the required materials or products. Procurement: Purchasing the necessary materials or products from suppliers, which involves negotiating contracts, placing orders, and coordinating deliveries. Production: Transforming raw materials into finished goods through manufacturing or assembly processes.
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Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Answers
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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describe one element of your social media presence that you can use to support the brand you want your potential employers to see. how does this element demonstrate the elements of p.r.i.c.e or some soft skills? support your response with at least one external resource. describe one element of your social media presence that could negatively affect the impression potential employers have of you (your brand). how does this element impair your goal to present yourself as a professional?
Answers
Your profile picture is often the first impression employers will have of you, so it is crucial to choose one that presents you in a positive and professional light. This element demonstrates the elements of P.R.I.C.E, specifically professionalism and image.
Having a professional profile picture showcases your professionalism and attention to detail. It conveys that you take your personal brand seriously and are committed to presenting yourself in a polished and competent manner. A professional profile picture can also demonstrate elements of P.R.I.C.E, such as respect and empathy, by showing that you understand the importance of making a positive first impression.
When selecting a profile picture, consider the following tips:
1. Use a high-quality photo: Ensure that your picture is clear, well-lit, and in focus.
2. Dress appropriately: Wear attire that aligns with the industry or profession you are targeting. Dressing professionally conveys a sense of competence and credibility.
3. Maintain a friendly expression: Smile genuinely, as it can make you appear approachable and easy to work with.
4. Keep it simple: Avoid using distracting backgrounds or filters that may take away from your professional image.
On the other hand, one element of your social media presence that could negatively affect the impression potential employers have of you is inappropriate or unprofessional content. This could include offensive language, discriminatory remarks, or inappropriate photos. Such elements impair your goal of presenting yourself as a professional.
Posting such content can harm your professional reputation and make potential employers question your judgment and suitability for a professional role. It goes against the elements of P.R.I.C.E, as it reflects negatively on your professionalism, integrity, and character.
To avoid impairing your professional brand, it is important to:
1. Review your posts and content: Regularly review your social media accounts to ensure there is nothing that could be perceived as unprofessional or offensive.
2. Adjust privacy settings: Consider adjusting privacy settings to limit who can see your content, especially if you are unsure about its appropriateness.
3. Think before posting: Before posting anything, ask yourself if it aligns with the professional image you want to present. If in doubt, it's better to err on the side of caution and refrain from sharing questionable content.
Remember, potential employers often research candidates online, so it is crucial to maintain a professional and positive social media presence that supports the brand you want to portray.
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low inflation is a sign of?
Answers
Answer:
usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages.Jun
Explanation:
If 4,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to?
Answers
When 3,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to $12,000.
To calculate the total amount of indirect manufacturing cost incurred, we need to consider the fixed and variable manufacturing overhead costs.
Fixed manufacturing overhead cost per unit: $2.60
Variable manufacturing overhead cost per unit: $1.40
To find the total amount of indirect manufacturing cost, we can calculate the total fixed manufacturing overhead cost and the total variable manufacturing overhead cost separately.
Total fixed manufacturing overhead cost = Fixed manufacturing overhead cost per unit * Number of units produced
Total fixed manufacturing overhead cost = $2.60 * 3,000 units
Total variable manufacturing overhead cost = Variable manufacturing overhead cost per unit * Number of units produced
Total variable manufacturing overhead cost = $1.40 * 3,000 units
Adding these two costs together will give us the total amount of indirect manufacturing cost incurred:
Total indirect manufacturing cost = Total fixed manufacturing overhead cost + Total variable manufacturing overhead cost
Calculating the values:
Total fixed manufacturing overhead cost = $2.60 * 3,000 units = $7,800
Total variable manufacturing overhead cost = $1.40 * 3,000 units = $4,200
Total indirect manufacturing cost = $7,800 + $4,200 = $12,000
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The complete question is:
Dake Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 6.55
Direct labor $ 3.50
Variable manufacturing overhead $ 1.40
Fixed manufacturing overhead $ 2.60
Fixed selling expense $ 0.70
Fixed administrative expense of $ 0.40
Sales commissions $ 1.50
Variable administrative expense $ 0.45
If 3,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to?
a bond yield is the total annual interest of a bond divided by the total current cost of the bond. group startstrue or false
Answers
A bond yield is the total annual interest of a bond divided by the total current cost of the bond is true.
Define bond yield.Instead of its initial price, a bond's annual return is determined by its annual coupon payments and current price. The return that an investor receives from a bond's interest, or coupon, payments is known as the bond's yield. It can be computed using a straightforward method like a coupon yield or a more complicated one like yield to maturity.
In the short term, rising rates may result in capital losses, but they may also pave the way for larger returns in the future. You can buy new bonds with higher yields when interest rates are rising. The portfolio generates more income over time than it would have if interest rates had remained low.
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lind co.'s salaries expense of $10,000 is paid every other friday for the 10 workdays then ending. lind's employees do not work on saturdays and sundays. the last payroll was paid on june 18. on wednesday, june 30, the month-end balance in the salaries expense account before accruals was $14,000. what amount should lind report as salaries expense in its income statement for the month ended june 30? select an option
Answers
The amount should lind report as salaries expense in its income statement for the month ended June 30 is $22,000.
What is salaries expense?Salaries are the set remuneration earned by employees. The charge indicates the cost of non-hourly labor for a firm. It is typically segregated into a salaries' expenditure account for each department, such as: Salaries expense - accounting department.
It was given that salaries expense for 10 working days is $10,000. Therefore, salaries expense per working day is as follows:-
Salaries expense = $10,000 ÷ 10 days
= $1000
Last payroll was paid on June 18, with a balance of $14,000 in the salaries cost account before accrual.
As a result, we must compute the salary expenditure from June 19 to June 30.
Working days from June 19 to June 30 = 8 days (excluding Saturday and Sunday).
Salaries expense for 8 days = 8 x $1,000
= $8,000
Salaries expense in the income statement for the month ended = =$14,000 + $8,000
=$22,000
Hence, the amount is $22,000.
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Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.
Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases
Answers
Answer:
the equilibrium price and quantity of traditional autos decreases
the equilibrium price and quantity of electric cars increases
Explanation:
Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.
Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.
Please check the attached images for graphical illustrations
Which persuasive appeal do you think is the most effective in advertising? Explain.
Answers
What one question do you need answered that you feel would take you into the new school year successfully?
Answers
Answer:
will i ever be bullied?
Explanation:
Answer:
Be at the top, be the most populer.
Explanation:
Everyone will respect you
Feelings can be hurt by mutually respecting coworkers. Please select the best answer from the choices provided T F
Answers
Answer:
False
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.
This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
Basically, when coworkers or employees working in an organization have mutual respect for one another, it would help to tighten or strengthen the bond that exists in the workplace and as such improving their feelings for each other.
This ultimately implies that, feelings cannot be hurt by mutually respecting coworkers.
chez fred bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. during 2024, chez fred's credit sales and collections were $116,000 and $131,000, respectively. what was the balance of accounts receivable on january 1, 2024, if $160 in accounts receivable were written off during 2024 and if the allowance account had a balance of $870 on december 31, 2024? multiple choice $31,000 $310 none of these answer choices are correct. $102,160
Answers
Using the T-account, the balance of accounts receivable on January 1, 2024, if $160 in accounts receivable were written off during 2024 and if the allowance account had a balance of $870 on December 31, 2024 is C. none of these answer choices are correct.
What is a T-account?A T-account is an accounting tool used to prepare adjusting entries at the end of the accounting period.
Adjusting entries are end-of-the-period journal entries in accordance with the matching principle and the accrual concept of accounting.
Estimated allowance for uncollectible accounts = 1% of ending balance of accounts receivable
Credit sales during 2024 = $116,000
Collections during 2024 = $131,000
Accounts receivable written off during 2024 = $160
T-accounts:
Accounts ReceivableDate Accounts Titles Debit Credit
Jan. 1 Beginning balance $102,160
Dec. 31 Sales Revenue $116,000
Dec. 31 Cash $131,000
Dec. 31 Accounts Receivable $160
Dec. 31 Ending balance $87,000
Allowance for Doubtful AccountsDate Accounts Titles Debit Credit
Dec. 31 Accounts Receivable $160
Dec. 31 Ending balance $870
Ending balance of Accounts Receivable = $87,000 ($870 ÷ 1%)
Thus, the balance of the accounts receivable on January 1, 2024, usiung T-accounts, is $102,160.
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Better products, inc., manufactures three products on two machines. in a typical week, 40 hours are available on each machine. the profit contribution and production time in hours per unit are as follows: category product 1 product 2 product 3 profit/unit $31 $60 $16 machine 1 time/unit 0.5 1.5 1.5 machine 2 time/unit 1 1.5 1 two operators are required for machine 1; thus, 2 hours of labor must be scheduled for each hour of machine 1 time. only one operator is required for machine 2. a maximum of 120 labor-hours is available for assignment to the machines during the coming week. other production requirements are that product 1 cannot account for more than 55% of the units produced and that product 3 must account for at least 25% of the units produced. how many units of each product should be produced to maximize the total profit contribution
Answers
a) max 30x? + 50x? + 20x? //objective function
st.
0.5x? + 2.0x? + 0.75x? ? 40 //machine 1 time available
1.0x? + 1.0x? + 0.5x? ? 40 //machine 2 time available
2.0x? + 5.0x? + 2.0x? ? 100 //total labor available
-0.5x? + 0.5x? + 0.5x? ? 0 //product 1 amount constraint
0.2x? + 0.2x? - 0.8x? ? 0 //product 3 amount constraint
x?, x?, x? ? 0
The maximum profit obtainable from production of Product 1 alone is $1200, limited by time on Machine 2. The maximum profit obtainable from either Product 2 or Product 3 alone is $1000, limited by available labor.
Thus, the preferred production would be of Product 1. The constraint that other products be produced in equal or greater quantity puts a premium on production rate of other products. Product 3 is produced using less resource than product 2.
The production of a mix that consists of 1 unit of Product 3 for each unit of Product 1 is constrained by available labor, which allows production of 25 units of each, for a total profit of $1250.
_____
If it weren't for the constraint on relative production rates, a mix of 3 of Product 1 and 2 of Product 3 would fully utilize both Machine 2 and Labor, resulting in a profit of $1300.
projected weekly profit = $ 1250
b) Machine Hours Schedule:
machine 1 = 31.25 hrs.
machine 2 = 37.5 hrs
c) additional labor hour = 12.50 hr
product 2 = 8 unit
product 3 = 16 unit
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Bateman Enterprises invested in the bonds of Greater Gloucester on January 1, 2018. These 10minusyear, $ 400 comma 000 bonds pay interest of 3% with semiannual payments every June 30 and December 31. The effective rate of interest for similar bonds on January 1 was 4%. What is the semiminusannual interest payment received by Bateman for these bonds?
Answers
Explanation:
\( \frac{400 \times 10 \times 4}{100} \\ \frac{16000}{100} \\ 160 \\ \frac{1}{25} \times 160 \\ 6.4 \: intrest\)
The two most basic inventory questions answered by the typical inventory model are: Group of answer choices Order quantity and service level Timing and quantity of orders Quantity and cost of orders Ordering cost and carrying cost Timing and cost of orders
Answers
Answer:
timing of orders and order quantity.
Explanation:
The economic order quantity is the quantity at which the carrying cost and the ordering cost is equal to each other. It depicts the number of units that added in the inventory and it makes that number of units orders so that it can lowered the total inventory cost i.e purchase cost, carrying cost and the ordering cost
On the other hand, the reorder point is the point at which the firm holds the stock and when it reaches that point at which the firm is able to reorder the items
Therefore the order timings and the quantity orders are the two basic inventory questions i.e to be answered.
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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Management positions in agriculture are
all of the following EXCEPT which one?
A Difficult
B. Time-intensive
C. Entry-level
D. Knowledge-based
Answers
Answer: c
Explanation:
how does an understanding of how people learn affect project audits and evaluations?
Answers
An understanding of how people learn is essential in project audits and evaluations as it helps in determining the effectiveness of the project and identifying areas for improvement. Knowing how individuals acquire knowledge and skills can guide evaluators in developing strategies to ensure that the project objectives are met efficiently.
Project audits and evaluations involve reviewing the processes and outcomes of a project to determine its success. An understanding of how people learn helps in identifying the most effective methods of training, communication, and feedback. It allows evaluators to assess the project's impact on the target audience, whether it is meeting their needs, and whether the objectives are achievable based on the audience's learning style.
Moreover, knowing how people learn can also help in determining the best ways to motivate team members and keep them engaged throughout the project. This can lead to improved teamwork, increased productivity, and better outcomes.
In conclusion, an understanding of how people learn is crucial in project audits and evaluations as it guides evaluators in identifying effective strategies, assessing the project's impact, and motivating team members. It is an essential aspect that should be considered in any evaluation to ensure that the project's objectives are achieved successfully.
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15 POINTS
Describe the steps of the check clearing process.
Answers
what can we best determine from the $179.4 million auction price for a cubist painting by pablo picasso?
Answers
The most accurate reflection of the cubist painting's market value at the time it was purchased is its $179.4 million auction price.
What is an auction?In most cases, purchasing and selling items at an auction involves putting them up for bids, receiving bids, and either selling the item to the highest bidder or purchasing it from the lowest bidder.
Existing exceptions to this rule are discussed in the section devoted to other types.
Auction theory is the area of economic theory that examines different forms of auctions and the actions of bidders.
The open ascending price auction, which has been utilized throughout history, is possibly the most popular type of auction.
The $179.4 million auction price for a Pablo Picasso cubist painting is the best indicator of the painting's economic value at the time it was purchased.
Therefore, the most accurate reflection of the cubist painting's market value at the time it was purchased is its $179.4 million auction price.
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Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?
Answers
Answer:The product example in the declining phase is the Sony VCRs
Explanation:Decline phase is reached when sales and profits of a product fall.it is therefore characterised by rate of change to consumers tastes and rate by which new prosucts reach the market.
Company can deal with the product at a declining phase in the following ways:
1.The company can aid by reducing the promotional expenditure
2.The company can opt to reducing the number of distribution outlet that deal with sales of the products
3.The company can concentrate on the price cuts so that they can obtain customers who van purchase their products
4.The company can look upon the alternative use of the product.
Best option is maintaining the product , in a way rejuvenating it so that we ad features to it so that we can find its alternative use.
High school students may include coursework in the education section of a résumé if it is relevant to the job opening. True or False
Answers
Answer:
the answer is true
Explanation:
Answer:
True
Explanation:
what are three things you can do to reduce the risk of financial loss for you and your loved ones?
Answers
it is possible for everyone to be better off (in absolute terms) even though the income distribution has become more unequal. True or false?
Answers
It is possible for everyone to be better off (in absolute terms) even though the income distribution has become more unequal. This is because income inequality does not necessarily equate to poverty and lack of access to basic needs. TRUE statement.
In fact, as economies grow and become more productive, even the lowest income earners may experience an increase in their absolute income. This is evident in many developing countries where income inequality has increased alongside economic growth.
However, it is important to note that income inequality can have negative effects on overall economic growth and social cohesion. Therefore, while it is possible for everyone to be better off in absolute terms despite income inequality, it is still important to address and mitigate the negative effects of income inequality in order to promote a fair and inclusive society.
In conclusion, the statement that everyone can be better off (in absolute terms) even though income inequality has increased can be true in certain circumstances, but it is important to consider the broader implications of income inequality on social and economic well-being. Thus, the given is TRUE statement.
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