A direct loan for personal purposes, home improvements or vacation expenses is called mortgage.
Therefore, correct answer is (C) mortgage
Auto and home mortgages are examples of closed-end credit, with the collateral being the home or car. Another well-liked category of closed-end credit is personal loans. The majority of personal loans are unsecured, although some may need collateral, like money in a savings account.
' What is personal loan?'
You can borrow money from a personal loan to spend it for a range of things. For instance, you might use a personal loan to pay for home improvements, debt consolidation, or a fantasy wedding. Online lenders, credit unions, and banks can all provide personal loans. You must pay back the money you borrow over time, usually with interest. Fees for personal loans may also be assessed by some lenders.
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lana agrees to work as michelle's personal assistant for one year but dies in the ninth month of the contract. lana's death:
For a year, Lana promises to be Michelle's personal assistant, but she passes away in the ninth month of the agreement. Lana's death discharges the contract.
A contract is discharged when all of its obligations have been fulfilled. All obligations arising from the contract are completed upon discharge.
When the responsibilities of the contract between the contract's parties are fulfilled, the contract is discharged. This also renders the contract's legal validity null and void. The contract is sometimes referred to as being discharged or terminated.
A change in routine activity results in a breach of contract if a contract is issued by operation of law. It is mostly seen in businesses. We can terminate the contract by the operation of law for three main reasons.
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Let’s focus on the second quarter since the change in velocity is so dramatic. During that quarter, the CPI fell by 0.9%, real GDP fell by 9.0%, the money supply rose by 23%, and velocity changed by %. Give your answer to one decimal. Which of the following can explain such a large change in velocity that occurred during the second quarter?
A. People and banks were spending their money at faster rates.
B. There was a substantial increase in the money supply.
C. People and banks were holding on to their money longer.
D. The inflation rate was negative.
Due to the fact that the economy shrank in the second period and GDP decreased by 0.9%, there are some signs that the United States may be approaching a recession.
What is the inflation rate right now?U.S. Labor Department data released on December 13 show that the annual inflation rate for the United States was 7.1% for the 12 months ending in November 2022 after gaining 7.7% before.
The beneficiaries of inflation?Collectors, As the value of the dollar decreases during inflationary times, collectibles like fine art, wine, or baseball cards have historically benefited. Investors sometimes turn to hard assets during periods of high inflation because they are more likely to hold their value during periods of market turbulence.
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automating business procedures and automatically maintaining data integrity and consistency are trivial in a modern business environment. a. true b. false
Automating business procedures and automatically maintaining data integrity and consistency are trivial in a modern business environment. This statement is false.
Business process automation is the usage of technology to automate manual, repetitive chores so that employees can concentrate on crucial tasks. Automating business procedures minimizes expenses, increases effiency, and streamlines processes from easy to complex. A business process, which generally spans numerous business departments, often starts with an action. BPA takes benefit of a variety of developed technology, including automation tools, process intelligence abilities, and cloud platforms.
Moreover, BPA capabilities are frequently utilized under the covers of popular enterprise apps, human capital management systems and other tools that implement industry best methods.
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to measure the full value of an action campaign, what two conversion types should you capture in your reporting?
Cross-platform and view-based conversion types should be captured in reporting to measure the full value of an action campaign.
Over 2,400 businesses and organizations at all levels—national, state, and local—are members of the ACTION Campaign collaboration. By defending, enhancing, and strengthening the Low-Income Housing Tax Credit, we seek to alleviate the significant lack of affordable rental housing in our country.
You can use action campaigns or branding campaigns as your marketing strategies. Although they both add value and have a role in an annual marketing strategy, the goals they might help achieve are fundamentally different.
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when economists speak of scarcity, they are referring to the group of answer choices condition in which people's wants outstrip the limited resources available to satisfy those wants. condition in which society is not employing all its resources in an efficient way. economic condition that exists in only very poor countries of the world. condition in which society produces too many frivolous goods and not enough socially desirable goods.
Option (a), When economists use the word "scarcity," they're referring to the situation in which the limited resources that can be used to satisfy people's desires are insufficient to meet those wants.
When economists discuss a shortage What are they referring to?The foundation of economic studies is the concept of scarcity. There is a scarcity when there aren't enough resources to satisfy all of our requirements.
How many resources we have is referred to in economics as "scarcity." This can be in the shape of material possessions like gold, oil, or real estate, or it could be in the form of cash, labor, and capital. These scarce resources can be used in different ways.
What causes a shortage of resources in the economy?There is scarcity because society does not have enough resources to satisfy all of the demands of its members. Because there aren't many resources available, we have to choose wisely how to use them to satisfy a variety of competing and never-ending needs.
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how can someone give the gift of life insurance to someone else? what are the benefits of gifting it?
You have the authority to designate another person as the holder & beneficiaries of your coverage. The homeowner will get the entire payoff when you pass away.
Describe coverage.Insurance coverage is the degree of risk or risk that is shielded against for an individual or a business through the usage of insurance services. The three most common types of insurance cover are auto, life, and homeowner's.
What is protected by coverage?Its objective is to mitigate inadvertent loss and reduce financial uncertainty. This is done by exchanging the acceptance of the possibility of a major loss and the promise to pay in the event of one for the payment of a small, known fee known as an insurance premium to a skilled insurer.
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when listing your income for your monthly budget, you should use your gross pay to calculate your disposable income. (T/F)
It is true that when listing income for your monthly budget, you should use your gross pay to calculate disposable income.
What is disposable income?The amount of personal income that is left over after current taxes is your disposable income. Personal income less personal current taxes = disposable personal income according to national accounts criteria. The money left over after paying all taxes is referred to as disposable income since personal expenses can be subtracted to create personal savings. Rephrased, disposable income equals consumption expenditure + savings after taking into account transfers like money for school-related expenses for children or living and care arrangements for elderly parents. Federal, state, and local taxes, state unemployment and disability taxes, social security taxes, as well as other garnishments or levies, are among the sums that must be deducted in accordance with the law; however, voluntary retirement contributions and transportation deductions are not among them. Only until the amount of the garnishment or levy has been determined will such deductions be made.
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the shipping company charges $75 per crate for cargo a and $100 per crate for cargo b. the truck has a maximum load limit of 7,200 pounds and 1,000 cubic feet. how many of each type of cargo should be shipped to maximize profit for the shipping company?
The truck can hold a maximum of 1000 cubic feet of space.
50a+10b cubic feet is the sum of the volumes of the boxes carrying cargo A and B, respectively (This sum should be less than volume of truck )
Thus, the disparity increased.
The truck's maximum allowable weight (load limit) is 7200 pounds.
200a+360b cubic feet is the sum of the weights of the crates carrying cargo A and B, respectively.
Thus, the disparity arises.
Additionally, the sum of the numbers of cargo boxes A and B is always positive.
50a+10b = 1000; a> 0; b> 0; 200a+360b = 7200
So, choice b is the appropriate response.
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the insurance provision that provides lower insurance rates for insureds who insure at levels close to the value of property, thus getting insurance coverage closer to property values, is known as
Coinsurance is an insurance clause that lowers insurance premiums for insureds who insure at amounts close to the value of their property, bringing insurance coverage more in line with property values.
Coinsurance is the sum that an insured must contribute to a covered claim after the deductible has been met. It is typically represented as a fixed percentage. It frequently occurs in health insurance. Coinsurance clauses are included in several property insurance plans. The amount of coverage that the property owner is required to have for a structure in this instance is known as coinsurance.
The 80/20 split, in which the insurer pays 80% and the insured 20%, is one of the most popular coinsurance splits.
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the total variable factory overhead cost variance for a period can be broken down into what two variances?
The total variable factory overhead cost variance for a period can be broken down into what two variances-Variable Overhead Spending Variance and Variable Overhead Efficiency Variance.
Variable Factory Overhead Cost Variance is the distinction between actual variable overhead and standard variable overhead.
The Variable Cost Variance Also Has Two Parts, Which Are as Follows: -
1. Variable Factory Overhead Expenditure/Spending Variance:
The variance is the difference between the actual rate of variable overhead and the average rate of variable overhead.
2. Variable Factory Overhead Efficiency Variance
This Variance is the difference between the Actual hours worked and the Standard hours required for the Actual Volume of Work.
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at a price below the equilibrium price, there is group of answer choices a surplus. a shortage. sub-equilibrium. none of the above excess supply.
A price that is below the equilibrium price and quantity in the market will lead to a shortage of supply.
Economic equilibrium can be defined as a scenario where supply and demand are balanced and the values of economic variables do not change in the absence of external factors.In mostly market, the price is the one where supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee. The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.To know more about price here
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what is the most effective promotional mix to use with products that are convenience goods and purchased routinely?
advertisement most effective promotional mix to use with products that are convenience goods and purchased routinely. since consumers spend less time choosing what to buy and are familiar with the offerings. Target market traits and buying readiness of customers
Image advertising (brand building) and sales promotions are the two essential components of the promotional mix for convenience products. A strong brand developed through persistent image advertising will be advantageous for convenience products. While promotion is intended to drive transient sales, advertising is done to enhance brand recognition and boost sales. While promotion is the variable of the marketing mix, advertising is one of its components. While promotion has short-term consequences, advertising has long-term effects. A temporary campaign or offer is used by a company as part of its sales promotion marketing strategy to boost interest or demand in its good or service. A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales.
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According to the video, which qualities do insurance underwriters need? select three options. communication skills customer service skills computer skills knowledge of sales strategies an outgoing attitude a background in finance
According to the video, the qualities the insurance underwriters need are:
A communication skills C computer skills, F a background in financeWhat are communication skills ?Communication skills can be described asd the skills that entails the activities such as listening, speaking, observing and empathising.
It should be noted that this also helpful to understand the differences in how to communicate through face-to-face interactions as well as the conversations and digital communications like email and social medi, however the computer skills are also very important to operate the computer sytem.
Therefore, option A ,C F are correct.
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f the government uses fiscal policy to reduce the budget deficit during a recession, the government will make the recession worse, ceteris paribus. question 6 options: true false
During a recession, if the government undertakes fiscal policy to lower the budget deficit, the economy will become worse. This assertion is true.
In order to increase demand and the economy during a recession, the government may lower tax rates or increase spending. On the other side, it can slow the economy in order to fight inflation by raising rates or reducing expenditure.
Expansionary fiscal policy is ideal when an economy is in a recession and generates less than its potential GDP. Fiscal policies that are in a contractionary mode reduce the level of aggregate demand through cuts to public spending or tax hikes.
Taxes and government expenditures are the primary tools of fiscal policy. if the economy is in a recession.
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monopolistic competition means: group of answer choices firms are in perfect competition but they collude similar to monopolies. firms differentiate their output, but barriers to entry are low. firms differentiate their output, but barriers to entry ar high firms are in a monopoly but they compete.
Monopolistic competition means firms differentiate their output, but barriers to entry are low.
Monopolistic competition refers to a market structure with lots of businesses that can enter and leave the market with relative ease and can differentiate their goods or services. The fact that the goods and services from the few companies can't be viewed as ideal equivalents for one another is due to their ability to differ from one another.
When a large number of businesses provide competitive goods or services that are comparable but imperfect alternatives, monopolistic competition exists. In that many companies make up the industry in both of these market models and entry and exit are relatively simple, monopolistic competition is analogous to perfect competition.
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suppose that a popular new video game comes out. some men enjoy playing this game so much, they decide to leave work to play full time. what would the effect of this video game be on the unemployment rate
Suppose that a popular new video game comes out they decide to leave work to play full-time.
A video game (also known as a computer game) is an electronic game in which you interact with a user interface or input device (such as a joystick, controller, keyboard, or motion sensor) to generate visual feedback.
Studies show that playing video games regularly increases gray matter in the brain and improves brain connectivity. (Gray matter is associated with muscle control, memory, perception, and spatial navigation.)
Video games (also called computer games) are electronic games that can be played using input devices such as controllers. is. keyboard or joystick. Video games can be used for entertainment and relaxation, competition and computer learning.
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Which one of these is not a factor when determining ad rates.
"Incomplete".
Although part of your question is missing, you might be referring to this..
A factor when determining ad rates,
Generally, it is calculated based on the circulation and readership of the publication, which it has earned over time. In other words, the more popular a newspaper, the higher the Ad rates.
Size- One of the biggest and most obvious factors in cost will be the size of your ad., Frequency, Quality Content and Design, Regional Rates, Color, A Clearly Defined Target Audience, etc.
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what are two reasons why it's imporant to share your hootsuite analytics data with other members of your team
By the way of sharing a file with a fellow team member, they will get non-stop access to the statistics they need most. And in contrast to conventional reporting, recipients can entry to the information they want maximum.
And unlike traditional reporting, recipients can regulate the parameters of the shared document to exceptional-song the insights they're getting. Hootsuite Analytics solves this with superior collaboration and sharing alternatives. It is more beneficial to interact with your audience through the use of Hootsuite, in preference to attract natively from specific social money owed extra correctly than social networks' local AI functionality. It lets you peer the contents of private profiles, presenting thorough and correct client insights.
The feature Hootsuite additionally has a useful Analytics feature for in-depth social media overall performance reporting. if you run an organization, you understand that reporting the ROI of social media may be complicated. Hootsuite's Analytics= feature allows you to show off your deliverables.
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Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold. ben bought 442 shares of xyx motors when the share price was $15.67, and sold them when the share price was $23.14. how much profit did ben make?
a. $10,227.88
b. $8,083.62
c. $1,157.48
d. $3,301.74
Option c. $1157.48 is the correct answer. Ben made a profit of $1157.48 on the shares of XYZ motors
Commission on purchase or sale of $1000 stock = $125
Number of shares of XYZ motors bought = 442 shares
Price of the share = $15.67
Purchase transaction amount = 442*$15.67 = $6926.14
Number of shares sold = 442 shares
Price of share when sold = $23.14
Sales transaction amount = 442*$23.14 = $10227.88
Total transaction amount of sales and purchases = $6926.14 + $10227.88
= $17154.02
Commission paid on $17154 worth of transaction = $17154*125/1000 = $2144.25
Profit earned by Ben = Sales amount - Purchase amount - Commission paid
= 10227.88 - 6926.14 - 2144.25
= $1157.48
So, profit made by Ben on the shares is $1157.48
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In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. tim’s home is worth $279,500. if his homeowners insurance premium is $0.33 per $100, how much is added to his monthly mortgage payment for insurance?
As per the insurance premium, the monthly mortgage payment for insurance is B. $76.86.
Insurance:
In accounting, insurance refers the contract (policy) in which an insurer indemnifies another against losses from specific contingencies and/or perils.
Given,
In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. Tim's home is worth $279,500.
Here we need to find if his homeowners insurance premium is $0.33 per $100, then how much is added to his monthly mortgage payment for insurance.
While we looking into the given question, we have identified that Tim’s home is worth $279,500.
And the insurance premium is $0.33 per $100
Then the amount for a month premium will be calculated as,
=> $0.33/13
=> $0.0275
So, the premium for $279500 will be calculated as,
=> 0.0275/100 × 279500
=> $76.86
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the federal reserve frequently uses to implement monetary policy. a.government spending b.the reserve requirement ratio c.federal tax policy d.open market operations e.the discount rate
The federal reserve frequently uses to implement monetary policy federal tax policy.
The United States has federal, state, and local governments, each of which imposes taxes. Taxes are levied on income, salaries, property, sales, capital gains, dividends, imports, real estate and gifts, and miscellaneous expenses.
Taxes are imposed on individuals and businesses by the city, state, or country in which they live or do business. When the collected tax is credited to the government of the country, it is called federal tax. The government uses money collected from federal taxes to fund the growth and maintenance of the country.
The three main sources of federal tax revenue are personal income tax, payroll tax, and corporate income tax. Other sources of tax revenue include excise duty, inheritance tax and other taxes and fees.
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suppose you win a guaranteed $ 1 million dollar lottery ticket payable over 5 years. the bank pays you to cash it in, but only $600,000. this occurs because:
Let's say you buy a lottery ticket for $1,000,000 and win. The payout is spread out over 5 years. In exchange for cashing it in, the bank will give you $600,000. Everything you just read is false.
Prizes from lotteries can be taken either as annual installments or as a single lump sum. While the annual payout option, also known as a "lottery annuity," distributes payments over time, the lump sum payout option gives the full amount of winnings after taxes. A lump sum reward is the first possible payout structure.
When this occurs, the winner receives the total amount of their lottery wins after taxes. An annuity is the second choice. Although annuities set up by lottery commissions are commonly referred to as "lottery annuities," the most secure type of annuity contract is the fixed instant annuity, which is why most lottery prize money is paid out through this method.
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The right question is:
Suppose you win a guaranteed $1 million dollar lottery ticket payable over 5 years. The bank pays you to cash it in, but only $600,000. This occurs because:
using bleed pages in magazines offer an advantage to the advertiser. which from the following is that advantage? they provide a slightly larger printing area. they are a cost-effective way to advertise. they enable the use of less expensive inks to print ads. they add prestige for the product advertised. they provide a 3d experience to consumers.
Answer:
They provide a slightly larger printing area.
the demand for grain in a particular country doubles every 7 years. how long will it take for demand to triple?
It takes for demand to triple Round to the nearest hundredth of a year.
In economics, demand is the quantity of an amazing that consumers are willing and able to purchase at various costs for the duration of a given time.[1] the relationship among rate and quantity call for is also called the demand curve. demand for a selected object is a characteristic of an object's perceived necessity, fee, perceived pleasant, comfort, available options, customers' disposable profits and tastes, and lots of other alternatives. Innumerable factors and circumstances affect a customer's willingness or to shop for a good. a number of the commonplace factors. the relationship among rate and quantity call for is also called the demand curve. demand for a selected object is a characteristic of an object's perceived necessity.
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Which ection of the Lean Canva are typically completed firt? Group of anwer choice
Problem and Unique Value Propoition
Channel and Revenue Stream
Problem and Unfair Advantage
Key Metric and Unfair Advantage
Problem and Solution
The Lean Canvas is typically finished with the problem & unique value proposition first.
What is the definition of a value proposition?A business model is a succinct explanation of why customers should select your services or products. The exact solution your company offers and the assurance of worth that a consumer might expect from you is more than a presentation of your goods or services.
What sets you unique value proposition?A statement that explains to potential clients how they will profit from your offer, how your goods or services will meet their wants and solve their issues, and how your offer differs from the competition is known as a UVP (unique value proposition) in business and marketing.
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an offeror can do what to an offer by withdrawing it? a. complete it b. terminate it c. finalize it d. validate it
An offeror can terminate do what to an offer by withdrawing it
You can prioritize suggestions across Search, Display, Shopping, Discovery, and Video action campaigns with the use of optimization score. Advertisers who followed advice to raise their account-level optimization score by 10 points experienced a median 14% boost in conversions.
The offer is a suggestion that one person makes to another. Once the offeree accepts, a legal connection is established between the two parties. The "offeree" is who? The offeror and the offeree are the two parties involved in contract law. The person who submits the offer is known as the offeror. The individual who accepts or rejects the offer is known as the offeree. Consequently, three elements are required for an agreement to exist: an offeror, an offeree, and of course, an offer.
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a credit sale of $1,600 is made on april 25, terms 2/10, net/30, on which a sales return of $100 is granted on april 28. what amount is received as payment in full on may 4?
The correct journal entry to record the purchase on April 25 is c) Debit Merchandise Inventory $1,600; credit Accounts Payable $1,600 based on the purchase information provided by the company.
Why is this the right entry in the journal?
The cost of the purchase was still $1,600 as of April 28. Nothing had yet been given back. Therefore, $1,600 will be deducted from Merchandising's asset account.
To represent that the business still owes money for the purchase, the Accounts Payable account will be credited with the same sum.
What is a payment received?
A payment received is a sum of money that the organization has received and has registered on the system. In response to a bill, received funds are often sent to the organization. In other words, they used to settle obligations. Payments received are not generated as part of case processing, in contrast to payments and liabilities.
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a corporate code of ethics officer informs the press about unethical practices within the organization. question 4 options: true false
True A corporate code of ethics officer reports to the press on unethical practices within the organization.corporate code of ethics officer informs the press about unethical practices within the organization.
The Company has established an Ethics and Compliance Office to oversee the ethics and compliance effort and serve as a resource for employees providing.A code of ethics is a written guide to ethical and acceptable behavior as defined by an organization.A corporate code of ethics officer reports unethical practices within the organization to the press.A statement of responsibilities for honest and proper conduct. Ethics. Refer to decisions and behaviors based on honest and fair standards.A corporate code of ethics is a statement of business guidelines intended to inform worker behavior and prevent behavior that does not align with the company's mission and most important goals.Codes of ethics,also called codes of conduct,can vary significantly from company to company.
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calculate the payback period of each project. explain what argument sharon should make to show that the payback period is not appropriate in this case.
The payback period is the time it takes to recover the cost of an investment or the time it takes for an investor to break even.
Some companies rely heavily on payback analysis and only consider investments for which the payback period does not exceed a specified number of years.The payback period formula offers a way to assess the risk of an investment.The payback period is the time required for the amount invested in any project to be repaid by the net cash inflow generated by the project.To calculate the payback period,you can use the mathematical formula Payback Period=Initial Investment/Cash Flow Per Year For example,you have invested Rs 1,00,000 with an annual payback of Rs 20,000.Payback period = 1,00,000/20,000=5 years.You can calculate the payback period for unequal cash flows.To calculate the payback period,the cost of the investment is divided by the new cash flow. It means that the payback period will be 4 years.
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discuss the difference between shareholder and stakeholder theories of business, with reference to issues concerning the environment. g
In a corporation, shareholders are always stakeholders, but not necessarily stakeholders are shareholders.
What is a stakeholder?An entity that has an interest in the success of a project and business venture is referred to as a stakeholder. Stakeholders, who may be inside or outside the organisation supporting the project, have a vested interest in the project's success.
What function does a stakeholder serve?By offering their expertise and viewpoint to a project, stakeholders primarily assist organizations in achieving their strategic goals. They might offer the tools and resources needed as well. An undertaking's success depends on their backing.
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