priya used to have to drive one hour to work and back every day. because many employees lived in priya's city, the company opened a new cubicle farm there to help cut back everyone's commute. this is an example of:

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Answer 1

Priya used to have to drive one hour to work and back every day. Because many employees lived in Priya's city, the company opened a new cubicle farm there to help cut back everyone's commute. This is an example of

a satellite office.

A satellite operation is a small office or branch workplace in a one-of-a-kind region from an organization or authorities company's main workplace. reasons for starting a satellite operation can also encompass accomplishing an underserved location, expanding market percentage, and the lifestyle/pleasant of life elements for personnel.

A satellite office, which is now and again known as a branch workplace, is part of a bigger agency but is placed in a specific location.

Satellite tv for pc places of work are generally smaller than the headquarters and can be masses of miles far from the principal operations.

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What type of decision-support system analysis attempts to predict the impact of changes in the assumptions, that is, the input data, on the proposed solution?.

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Sensitivity analysis support systems analysis attempts to predict the impact of modifications in the expectations, that is, the input data, on the suggested solution.

Systems analysis is the practice of watching systems for development or troubleshooting needs. It is used in the information technology field where the structure and design of computer-based systems call for a specific study. Systems analysis in IT can, among other things, examine how a software package or product is implemented by end users, examine source code in-depth to define the software development methodologies, or conduct feasibility studies and other types of research to support the use and creation of software products. Professionals that specialize in systems analysis are frequently asked to evaluate systems critically and suggest redesigns or modifications as needed.

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A home country wants to limit outward fdi flow. What policy should the country implement?.

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Taxing domestic companies' overseas earnings at a greater rate than their domestic earnings is a home-country policy meant to restrict outbound FDI movement.

Taxing domestic companies' overseas earnings at a greater rate than their domestic earnings is a home-country policy meant to restrict outbound FDI movement. A local company will invest less abroad if its international earnings are taxed more heavily than its home earnings. They'll cut back on their FDI abroad. This will reduce the flow of FDI abroad.

A foreign enterprise or project that receives a foreign direct investment domestic (FDI) from a foreign investor, business, or government.

The phrase is typically used to indicate a commercial move to buy a sizable portion of a foreign company or to expand operations to a new domestic area. Typically, the phrase is not used to refer to a single stock investment in a foreign company. Because it establishes strong, long-lasting ties between economies, FDI is a crucial component of global economic integration.

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Answer:

Explanation:

Based on observations of what actually goes on in organization enacted values and norms are exhibited by employees

Values are something which hold importance in someone's life. These guide behaviour and help in making ethical decisions. Norms are rules that determine and regulate appropriate behaviour within the organization. Enacted values are the guidelines and norms that are actually followed by the organization’s employees on a daily basis.

Examples of enacted values and norms include accountability, honesty etc.

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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.

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In the return activity of SCM, supply chain managers create a responsive and flexible network.

         SCM refers to Supply Chain Management. Supply Chain Management refers to the flow of goods and services and takes into concern the transformation of all raw materials into finished products. They also help in the supply of products between different business sectors and locations.

         Supply chain management has various activities like supply planning, production planning, inventory planning, and so on. The Return activity refers to that part of the supply chain where the chain deals with the returned products which have been given back due to defects, excess quantity, and so on. It also helps in dealing with the problems of the customers and helps them with newer products.

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machines are good at low-skill, repetitive jobs, and at high-speed, extremely precise jobs. in both cases they work better than humans. this efficiency leads to a more prosperous and progressive world for everyone.

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Robotic elements of human nature are replaced by machines, making people more human. Machines are good at low-skill, repetitive activities as well as high-speed, incredibly precise ones.

The end effectors, sensors, and Robotic elements are among the parts of most robots that may be changed by the operator. Batteries will require regular replacement for mobile robots. Robot arm mounts and mounting systems for fastening sensors are crucial robot accessories. It's also possible to swap out the robot's vision system. Of course, there are low-skill numerous additional smaller components as well, such as LED screens and keypads. It is outside the scope of this article to list them all.

You can get prices on robotic parts via HowToRobot. A list of more than 16,000 robotics vendors can be found on HowToRobot. This allows you to get a list of all the products that are low-skill offered. The specific parts that are best for your Robotic elements can be chosen by you. Additionally, you can assess the cost-effectiveness of rival items.

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The complete question is

Machines are good at low-skill, repetitive jobs, and at high-speed, extremely precise jobs. In both cases they work better than humans. This efficiency leads to a more prosperous and progressive world for everyone.

(this might sound like a silly question)
How have stuffed animals changed our lives? (make our lives better)

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Having stuffed animals have indeed changed human lives and made them better by providing them with a sense of comfort and security.

What are the benefits of stuffed animals?

Stuffed animals seem to have become an integral part of the lives of children as they are seen as companions and playthings by these children to keep from being bored and to have another source of friendship.

Stuffed animals are not limited to helping children alone however, because there are adults who enjoy having the company of stuffed animals for a variety of reasons ranging from cuddling to proof of affection from a loved one.

Some might think that it is silly to assume that stuffed animals have made human life better but they would be wrong. Research has shown that people who use stuffed animals feel a sense of comfort and safety when they are around these animals which is hugely important.

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pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive

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Pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive 980.

Services (business), an aggregation of a service engagement with one or more services acts between two or more service systems creating service outcomesService (economics), the non-material equivalent of a good in economics and marketing, within a service–product continuumService economy, which increases the integration of services in other sectors of the economyService sector, the traditional tertiary sector of the economy,  

discounts, allowances, and lower base prices for products and services. Discounting is a financial technique that allows a debtor to provide a creditor the right to postpone payment. Delay discounting is the reduction in perceived value of receiving a good later than when it is initially desired.

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denise works for a cell phone company that provides almost 50% of wireless service in the country, and only 3 other companies are competing with them for customers. what degree of competition describes the wireless industry? group of answer choices

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Answer:

The degree of competition that describes the wireless industry is oligopolies.

Explanation:

Telecommunication services lie under oligopolies. Oligopolies are basically a degree of competition that contains a small number of sellers, offering the same service. This results in small competition and one can dominate the industry easily.

Just like as Denise works for a cell phone company that provides 50% of wireless service in the country and only has 3 competitors in the market offering the same wireless service. Thus it lies under the characteristic of oligopolies.

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what are the risks of partnering? select all that apply. group of answer choices slower time-to-market incompatible cultures loss of intellectual property, particularly trade secrets loss of autonomy and control lack of attention in managing the relationship

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The risks of partnering are Loss of autonomy and control, Lack of attention in managing the relationship, Incompatible cultures, Loss of intellectual property, particularly trade secrets.

Any procedure or technique used by a firm that is often kept a secret from the public is considered a trade secret. Trade secret information is often the result of internal research and development and provides the company with a competitive edge over its rivals.

A corporation must make a reasonable attempt to keep the knowledge hidden from the public in order for it to be legally regarded as a trade secret in the United States. Additionally, the information must have informational value and intrinsic economic value. A company's intellectual property includes its trade secrets. A trade secret is not known to the general public, unlike a patent.

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Each year, the red lobster restaurant chain awards the lighthouse award to store managers who demonstrate outstanding leadership and live the firm’s core values. The lighthouse award is an example of.

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Each year, the red lobster restaurant chain awards the lighthouse award to store managers who demonstrate outstanding leadership and live the firm’s core values. The lighthouse award is an example of a "Most recognized employee award".

What is the "Most recognized employee award"?

A recognition award is a concrete expression of employee appreciation given to a person or group to let them know that their effort or achievement is worthy of celebration. You may preserve that amazing occasion for you and your team by celebrating with a one-of-a-kind item.

Awards for employee appreciation can be given to team members for a variety of accomplishments. There are many possibilities for this kind of acknowledgement, and they may be simply tailored for any business endeavour or occasion.

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suppose marcy's medical machines operates in a perfectly competitive market and is producing its profit-maximizing level of output. suppose further that at this level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. at this point in time, marcy should

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Marcy's medical machines operates in a perfectly competitive market and the level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. So that, Marcy should maintain her current level of production since she is earning a positive economic profit.

Level of production can be defined as the amount that is produced. Level of production is a way of classifying production. The amount of level production of a country is affected by the extent to which a country is able to exploit the resources available and the resources available.

Level of production can be divided into 4 types, such as:

Unit or Job type of production.Mass Production or Flow production.Continuous production or Process production.Batch type of Production.

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This positioning strategy highlights product use, as well as the exclusive services associated with that product, that competing products do not offer. True or false?.

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It is a true statement that in application as competitive advantage, the  positioning strategy highlights product use and exclusive services associated with that product that competing products do not offer.

What is known as Positioning Strategy?

As most consumers would say that an innovative products, competitive pricing and excellent service are synonymous with these companies, then, an important step in developing key operational strategies depends upon how a company positions itself in the marketplace.

Basically, a positioning strategy refers to when a company chooses one or two important key areas to concentrate on and excels in those areas. This strategy often focuses on how it will compete in the market. So, an effective positioning strategy is expected to considers the strengths and weaknesses of the organization, the needs of the customers and market and the position of competitors.

In conclusion, the main purpose of a positioning strategy in marketing is that it allows a firm to spotlight specific areas where they can outshine and beat their competition.

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the national institute of cancer used fmri brain imaging to decide which potential anti-smoking advertising campaign elicited the largest amount of brain activity. this is an example of which type of marketing research?

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The national institute of cancer used firm brain imaging to decide which potential anti-smoking advertising campaign elicited the largest amount of brain activity Neuromarketing.

The very last step is to document the marketplace study's findings to folks who want the records to make decisions. The findings must be offered in a understandable layout so they may be effectively used withinside the anti-smoking advertising campaign and decision-making process.

The most important benefit of number one records is that they'll solution a selected studies query that secondary records cannot solution.  Primary records are modern-day, and the supply of records is known. Observational records: watching humans and asking them questions (questionnaire records) are the 2 main methods to accumulate new or number one records for an advertising study.

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on september 1, your calendar year company rents a machine to another firm for $24,000 a year. if, at year-end, $15,000 has been received and recorded in rent revenue, what adjusting entry do you record at year-end?

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Rent revenue 7,000  

Unearned rent revenue of        7,000, is the adjusting entry record at year-end.

Sales and earnings are both nicely signs and symptoms for your commercial enterprise, however, they're now not interchangeable terms. each constitutes a crucial manner to apprehend your business. income describes profits generated through company operations, at the same time as income describes net income after deducting costs from income.

In accounting, revenue is the general amount of profits generated with the resource of the sale of goods and offerings related to the primary operations of the agency. commercial enterprise sales can also be referred to as income or as turnover.

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an impact that the changing industry boundaries have had is that: owners of companies can now define boundaries. there is an increase in the number of competitors within an industry. technological changes do not affect companies anymore. the pattern of customer needs does not affect companies anymore. the number of product substitutes available for customers has reduced.

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The main impact that the changing industry boundaries have had is that there is an increase in the number of competitors within an industry.

What is an industry boundaries?

Basically, we can define an industry boundaries simply through the products and services they offer. For instance, the airline industry is the only industry that provides air transportation from one place to another and movie theaters show films.

In marketing, the need to understand the definition of industry boundaries is important because its helps the firm to better understand who its competitors are, the firm competitive advantages, disadvantages &  those of its competitors, customers & their requirements, suppliers, implications of disruptive technologies and applicable rules for its market.

Therefore, the Option B is correct.

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shakira starts selling various homemade crafts in her front yard each saturday morning. she can not afford an attorney and so she does not prepare any paperwork. shakira's business is most likely a(n):

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Shakira's business is most likely an: Sole Proprietorship

What is a Sole proprietorship?

Sole proprietorship is when a single person carries out the business on his own risk . He as an entrepreneur bears all loss and profit of the business and holds unlimited liability.

What is the main purpose of sole proprietorship?

The main advantage of a sole proprietorship are the pass-through tax advantage, the easily  creation, and the low fees for creation and maintenance. With a sole proprietorship, you  don't requires  to fill out a large  amount of paperwork, like registering with your state.

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frito lay introduced electric vehicles and compressed natural gas semi-trucks to their fleet. this is an effort to improve their company's: group of answer choices complexity analysis bottom-line performance sustainability

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Frito lay introduced electric vehicles and compressed natural gas semi-trucks to their fleet. this is an effort to improve their company's Sustainability.

It is a form of petroleum that typically happens in affiliation with crude oil. A fossil gasoline, herbal fuel line is used for power generation, heating, and cooking and as a gasoline for sure vehicles.

Today, maximum EV car batteries have a existence expectancy of 15 to twenty years in the car – and a 2d existence beyond.” It's additionally really well worth noting that EV battery era remains evolving, in order tech develops we assume batteries' lifespan to increase – in addition to turning into cheaper, smaller or even lighter.

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the following information is available: units in process, jan. 1 (60 percent converted) 2,000 units units in process, jan. 31 (30 percent converted) 1,000 units units started during the month 7,500 units total conversion costs accounted for during the month $237,600 materials are added at the beginning of the process. what is the cost per equivalent unit for conversion in jan. using the weighted average method?

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The cost per equivalent unit for conversion in Jan. using the weighted average method is $30.

Under weighted average method,

Beginning inventory                       2,000

Units started during the month       7,500

Ending inventory                               -1,000

Units completed and transferred out  8,500

                                                          Conversion

        Units completed and transferred out           8,500

        Ending work in process [1,000 x 30%]   300

        Total equivalent units                                   8,800

                                                         Conversion

        Costs incurred                                    $264,000

        ÷ Total equivalent units                           8,800

        = Cost per equivalent unit                    $30

Understanding the value of partially finished products to a corporation is done using the notion of equivalent units of production. They are helpful for process costing, or the study of cash flow in the production process.The amount of labour put into a specific quantity of physical goods is measured in equivalent units. You may easily determine equivalent units by multiplying the quantity of physical goods by the amount of work done on them.

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nikita enterprises has bonds on the market making annual payments, with ten years to maturity, a par value of $1,000, and selling for $980. at this price, the bonds yield 7.5 percent. what must the coupon rate be on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Per value                                                              $1,000.00

Current Price                                                        $980.00

Years to maturity                                                   10

Yield to maturity                                                    7.50%

Coupon payment per year                                  $72.09

Coupon rate                                                          7.21%

The coupon rate be on the bonds is 7.21%.

I bonds earn hobby from the first day of the month you purchase them. Twice a year, we upload all of the hobbies the bond earned in the preceding 6 months to the principal (main) value of the bond. That gives the bond a brand new fee (antique price + interest earned).

There are ways that traders make cash from bonds. The individual investor buys bonds immediately, with the aim of preserving them till they mature so that they will make the most of the hobby they earn. They will additionally buy into a bond mutual fund or a bond alternate-traded fund (ETF).

Each bond and notes pay interest every six months. The interest fee for selected security is about on the auction. The rate for a bond or a word can be the face fee (also referred to as par cost) or maybe extra or much less than the face cost. The price relies upon the yield to maturity and the hobby fee.

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The firm – stop producing additional units. If marginal product is – , the firm should continue production if it can sell the output for more than the – costs.

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The firm should not necessarily stop producing additional units. If the marginal product is still high, the firm should continue production if it can sell the output for more than the input costs.

A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. The change in output that results from using one extra unit of a certain input, given that the quantities of other inputs are held constant, is known as the marginal product or marginal physical productivity of an input.

The relationship between marginal cost and the marginal product is inverse: as one goes up, the other automatically goes down accordingly, and vice versa. The law of diminishing returns, a key idea in economics, can be used to explain the connection between marginal cost and marginal product.

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a. a public good is multiple choice 1 nonrival but excludable. rival but nonexcludable. rival and excludable. nonrival and nonexcludable. b. public goods are not privately provided because multiple choice 2 when goods are nonexcludable, there is too much competition for firms to earn a profit. when goods are nonrival, there is too much competition for firms to earn a profit. when goods are nonexcludable, those purchasing the good could allow others the use without requiring compensation. when goods are nonrival, those purchasing the good could allow others the use without requiring compensation.

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A public good is both non rival and non excludable, because when goods are nonrival, there is too much competition for firms to earn a profit.

What are public good?

Public good can be described as the commodity or service  which can be access by all the member of the society in general, it can be seen as a those goods that are been provided by the government as a result of the money that is been generated by through the tax that is been collected from the member of the public.

It should be noted that when a good is been considered as nonrival goods then the goods can be seen as a result of the competition in the industry from those firms because they want to make so much profit hence the name non rival goods.

Therefore, option A is correct and option second option is correct.

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congratulations! you just won the lottery for $3.75 million. you are given the option of receiving $1.8 million now or you can receive $150,000 at the end of every year for 25 years. if you can earn 5% interest on your investments annually, what is the value of the annuity option?

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The value of the annuity option is $507,953.24 if $150,000 can be received at the end of every year for 25 years with a 5% interest annually.

The value of the annuity option of the lottery in which $150,000 can be taken at the end of every year with a 5% interest can be calculated using the compound interest formula as follows;

A = P (1 + r/n)^nt

Here A represents the final amount, P represents the initial principal balance, r illustrates the interest rate, n represents the number of times interest is applied per time period and t means the number of time periods elapsed.

Substituting the values in this equation;

A = 150,000 (1 + 0.05/1)^25(1)

A = 150,000 (1 + 0.05)^25

A = 150,000 (1.05)^25

A = 507,953.24

Hence, the value of the annuity option is calculated to be $507,953.24

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A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can.

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A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can increase sales and profitability.

Market segmentation is a marketing strategy in which select groups of consumers are linked so that certain products or product lines can be presented to them in a way that appeals to their interests.In marketing, request segmentation is the process of dividing a broad consumer or business request, typically conforming of being implicit guest, intosub-groups of consumers grounded on some type of participation characteristics.

Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of request segmentation, but there are also numerous other strategies you can use, including multitudinous variations on the four main types. Then are several further styles you may want to look into.

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nike sells golf clubs, swim wear, as well as footballs. however, nike is best known for its performance in designing and marketing of athletic shoes. this is known as nike's

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This is known as Nike's core competency when Nike sells golf clubs, swim wear, as well as footballs.  However, Nike is best known for its performance in shoes.

A Core Competency is a deep proficiency that allows a business to provide customers with unique value. It represents a company's collective learning, particularly how to co - ordinate varied production skills and combine various technologies. It is defined as "a coordinated combination of multiple resources and skills that distinguishes a firm in the marketplace" and is thus the foundation of a company's performance.

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restricted cash is reported . multiple choice question. separately as an asset on the balance sheet with other revenue on the income statement separately under stockholders' equity on the balance sheet together with cash and cash equivalents on the income statement

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Restricted cash seems one at a time from cash on the stability sheet, whilst its cause is disclosed in the financial announcement footnotes. restricted coins can be used as collateral for a mortgage or for capital fees which include a factory upgrade or device purchase.

A company's balance sheet should consist of all belongings and liabilities, together with coins.

Restrained coins is mentioned one at a time from cash and cash equivalents on a corporation's balance sheet, and the purpose the coins are restrained is normally revealed inside the economic assertion's accompanying notes.

Restricted cash may be categorized as a protracted-time period asset, or a cutting-edge asset (one year or less limit), and when the restriction goes away/matures, it will become coins and cash equivalent.

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zelda wants to move into a subdivision with her giraffe. which of the following would determine whether or not she could move into a home and keep her giraffe on the property? select one: a. police power because the police determine which pets are allowed in residential properties. b. building codes. c. urban planning with a restriction on regulating pets. d. zoning ordinances.

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Zoning regulations, or option (d), is the answer that is right. Zoning ordinances because they frequently stipulate what kinds of animals are permitted in residential areas.

Zoning Ordinance: What Is It?

An regulation known as a zoning code specifies the permitted uses for real estate within particular geographic zones. The applicability of particular geographic zones for residential or commercial uses is specified in zoning rules.

limits imposed by structural factors, such as building height and scale. For instance, a neighborhood may allow shopping but not big-box retailers. Height restrictions are also typical. This could enable a neighborhood to achieve a manageable density without using up the area's infrastructure and greenspace excessively.

What are municipal zoning laws supposed to control?

Local laws govern how property is used and developed. The zoning code establishes the permitted uses for each of the land use districts or "zones" that the zoning maps that split the city or county into show.

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factory overhead is estimated to be $30,000 and is applied on a basis of direct labor dollars. this overhead cost is not traceable to any particular product. factory overhead allocated to product 2 is

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Factory overhead is projected to be $30,000 and is applied on a basis of direct labor dollars. This overhead cost is not linked to any specific  product. Allocation amount is $10,000 factory overhead allocated to product 2.

What is Direct Labor?

Employee work that directly contributes to the creation of goods or the rendering of services is referred to as direct labor. Direct labor may be classified by some businesses according to a particular product, cost center, or service request. A residential painting business, for instance, may classify its direct labor expenses according to the homes it is painting. The forms of employee compensation that are regarded as direct labor expenditures depend on an organization's nature.

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parkway void co. issued 14-year bonds two years ago at a coupon rate of 8.7 percent. the bonds make semiannual payments. if these bonds currently sell for 111 percent of par value, what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

The annual return an investor will receive throughout the remaining term of the bond is expressed as a percentage and is referred to as the yield to maturity. It is determined by taking into account the cash flows that the bond will generate over its remaining life.

YTM = 4 % + 1 , 130.06 − $ 1 , 010 / $ 1 , 130.06 − $ 986.84 × (5%-4%)

4.83 percent per six months

Annual percentage is 9.66% (4.83% x 2)

The term "yield to maturity" means what?

Yield to maturity (YTM) is the overall rate of return a bond will have earned once it has paid all interest and repaid the principal. YTM is basically the internal rate of return (IRR) on a bond if held until maturity.

A bond with a 5% YTM should provide an annual return of 5% if kept until its maturity date.

Yield to maturity (YTM) is the overall interest rate that an investor earns on a bond when they purchase it at market value and hold it until it matures. It is, mathematically speaking, the discount rate at which the total of all upcoming cash flows—including principle repayment and coupon payments—equals the bond's price.

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a price floor attempts to keep prices . select one: a. lower than the equilibrium price. b. at the equilibrium price. c. higher than the equilibrium price. d. constantly adjusting to quickly reach equilibrium

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higher than the equilibrium price. Support price or minimum price is also called floor price, minimum support price is a law or regulation with holds the market price above the equilibrium price or higher than the equilibrium price.

In economics, economic equilibrium is a state of affairs wherein economic forces consisting of supply and demand are balanced and in the absence of external impacts, the (equilibrium) values of monetary variables will no longer trade. For example, in the fashionable textual content ideal opposition, equilibrium takes place at the point at which the amount demanded and quantity supplied are identical. Marketplace equilibrium in this example is a situation wherein a market fee is installed thru competition such that the amount of products or services sought with the aid of shoppers is identical to the number of products or offerings produced via dealers. This fee is frequently referred to as the aggressive charge or marketplace clearing rate and will tend not to exchange until the call for or supply changes and the amount is called the "competitive quantity" or market clearing quantity.

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junhua is in charge of maintaining all the computers in the organization. additionally, whenever an employee has a problem with their computer, they call junhua. what type of power does junhua have in this organization?

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Junhua has expert power in this organization. Expert power is a form of personal power, which implies that anyone, regardless of position, can cultivate it.

These types of power are frequently confused. Expert power is derived from experience or expertise, but role is frequently used as a proxy for expertise.

Expertise is a valuable asset to have. It provides managers with a strong power structure from which they can confidently manage people. In order to effectively lead people, professor of management Gary A. Yukl believes that expert power is more essential than reward-based or coercive power.

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this year luke has calculated his gross tax liability at $1,800. luke is entitled to a $2,400 nonrefundable personal tax credit, a $1,500 business tax credit, and a $600 refundable personal tax credit. in addition, luke has had $2,300 of income taxes withheld from his salary. what is luke'

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Luke determined that his total tax obligation was $1,800. Luke can claim a $1,500 company tax credit, a $600 refundable personal tax credit. $600.00 is Luke's non-refundable credit (1800-2400).

Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. Around 3000–2800 BC, Ancient Egypt experienced the first recorded taxation.

Laws have been established to penalize late payments as well as tax evasion and resistance. Direct taxes and indirect taxes can be paid in cash or in the work equivalent.

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