While protectionism may help preserve employment in the protected sector, it often comes at the expense of employment in sectors that aren't given the same level of protection. Firstly, if customers are forced to pay more for products from the protected industry, they will have less disposable income to spend at businesses in the unprotected sector, leading to a loss of employment.
Second, if a company sells the protected product to other companies, the latter will have to pay a higher price for a critical input, which will cause them to lose business to competitors in other countries that do not have to pay the higher price. Any decline in revenue will inevitably lead to a reduction in employment.
Protectionism may seem like a good way to save jobs in one area, but it comes at the expense of other businesses. To this end, the United States International Trade Commission concluded in its analysis of trade barriers that doing away with them would not result in a net loss of jobs.
Protectionism does not generate new employment opportunities but rather transfers workers from sectors that are not shielded from imports to those that are.
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raynor company has the following data: direct labor $76,000 direct materials used 84,000 total manufacturing overhead 65,000 ending work in process 30,000 beginning work in process 45,000 compute total manufacturing costs. total manufacturing costs $enter total manufacturing costs in dollars compute cost of goods manufactured. cost of goods manufactured $enter cost of goods manufactured in dollars
Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector.
goods manufacture The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities. Such products may be distributed through the tertiary industry to end users and consumers (typically through wholesalers, who in turn sell to retailers, who in turn sell to individual consumers) or sold to other manufacturers for the production of other, more complex products (such as aircraft, home appliances, furniture, sports equipment, or automobiles).
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An opportunity cost is a potential benefit that is lost by taking a specific action when two or more alternative choices are available. A. True B.False
The given statement is true, When two or more alternatives are available, an opportunity cost is the potential advantage that is lost by choosing one course of action over the others.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another.
Although opportunity cost cannot be measured precisely, one method to assess it is to project the potential future value that you chose not to get and contrast it with the value of the alternative decision you made.
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The promotional objective of the maturity stage of the product life cycle is to a. inform. b. persuade. c. remind. d. sway. e. convinc
The promotional objective of the maturity stage of the product life cycle is c. remind.
In the field of business, such a stage of business when the sales of a product become lower as the product has become old in the market is referred to as the maturity stage of the product life cycle.
On the effective promotional objective at the maturity stage is to remind the customers of the product. Such promotional strategies are used so that the particular product is reminded of the customers so that they can buy it. The basic purpose of the maturity stage is to remind the customers of the product.
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You are ready to buy a house, and you have $30,000 for a down payment and closing costs. Closing costs are estimated to be 5% of the loan value. You have an annual salary of $48,000, and the bank is willing to allow your monthly compounding (50bps per month) for a 30-year fixed rate loan. How much can you offer for the house?
In a promotion mix, ________ occurs when a firm's sales force makes individual presentations to consumers for the purpose of promoting sales and building customer relationships.
personal selling
In a promotion mix, personal selling occurs when a firm's sales force makes individual presentations to consumers for the purpose of promoting sales and building customer relationships.
Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale.
Personal selling is a face-to-face selling technique by which a salesperson uses his or her interpersonal skills to persuade a customer in buying a particular product. The salesperson tries to highlight various features of the product to convince the customer that it will only add value. However, getting a customer to buy a product is not the motive behind personal selling every time. Often companies try to follow this approach with customers to make them aware of a new product.
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7-1 power-point presentation for acc-202
In order to create a PowerPoint Presentation, you need to follow the steps below:
Launch PowerPoint.Select New from the left pane.Choose one of the following:Choose Blank Presentation to start from scratch when creating a presentation.Choose one of the templates to utilize a ready-made design.To see PowerPoint tips, click Take a Tour, and then click Create.How do you add a slide?Select the slide you need your new slide to match from the thumbnails in the left pane.
Select New Slide from the Slides section of the Home menu.
Select Layout under the Slides area, and then choose the layout you want from the menu.
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Full Question:
How do you prepare a power-point presentation? This is for ACC-202
providing for doubtful accounts at the end of the current year, the accounts receivable account has a debit balance of $1,132,000 and sales for the year total $12,840,000. the allowance account before adjustment has a debit balance of $15,300. bad debt expense is estimated at 3/4 of 1% of sales. the allowance account before adjustment has a debit balance of $15,300. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $49,000. the allowance account before adjustment has a credit balance of $6,700. bad debt expense is estimated at 1/4 of 1% of sales. the allowance account before adjustment has a credit balance of $6,700. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $55,600. determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. assumption amount a. $fill in the blank 1 111,600 b. $fill in the blank 2 64,300 c. $fill in the blank 3 25,400 d. $fill in the blank 4 48,900 feedback area
The allowance account before adjustment has a debit balance of $15,300. Bad debt expense is estimated at 3/4 of 1% of sales.
What Is an Expense for Bad Debt?When a customer is unable to pay an outstanding debt owing to bankruptcy or other financial difficulties, a receivable is no longer recoverable, and a bad debt expense is recorded.
What types of expenses result from bad debts?Bad debt is defined as a debt that is no longer collectible and is written off as a loss or expense. Bad debt might include things like bank loans and purchases acquired on credit.
How are bad debt expenses recorded?You must credit an allowance for dubious accounts and debit bad debt expense when recording bad debt expenses. The write-off approach does not require a contra asset account to track bad debt costs. As a result, the balance of accounts receivable will be shown in full on the balance sheet as a current asset.
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Product P is formed by components A, B, and part C. Component A is formed by parts M and N. Component B is formed by parts C and D.
For the following bill of material, if we need to produce 19 units of finished product P, how many component C do we need? Assume there is no on-hand inventory.
P(19) A(5) B(5) C(4) M(4) N(2) C(3) D(4)
P is 95 units, hence 361 units of component C are required to manufacture 19 units of the finished unit.
The term "finished unit" refers to a plotter unit created by combining an engine Unit given by Copier with an image controller created by CalComp and additional materials that were not provided by Copier, excluding tubing systems.
A finished or final product in the production process is one that is offered for sale. An oil company's end output, for instance, is oil. When the veggies have completed the entire growth process, the farmer sells them as his finished product.
Five units of B must be produced in order to make one unit of P.
Therefore, the total number of units of B required = 19 * 5
= 95 units
P needs 4 units of C and B needs 3 units of C.
Therefore, number of C = 19 * 4 + 95 * 3
= 361 units
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ayayai company makes swimsuits and sells these suits directly to retailers. although ayayai has a variety of suits, it does not make the performance suit used by highly skilled swimmers. the market research department believes that a strong market exists for this type of suit. the department indicates that the performance suit would sell for approximately $100. given its experience, ayayai believes the performance suit would have the following manufacturing costs.
Ayayai's manufacturing costs for its performance suit would include the cost of raw materials, labour, overhead, shipping, and taxes.
Raw materials: The cost of the raw materials used to make the performance suit would include fabric, thread, labels, and any other materials needed to make the suit.
Labour: The cost of labor would include the wages of the workers who are involved in the production process, such as the pattern makers, cutters, and sewers.
Overhead: Overhead costs would include rent, utilities, equipment, and other expenses related to running the factory.
Shipping: Shipping costs would include the cost of packing and shipping the suits to retailers.
Taxes: Taxes would include any applicable sales tax and any other taxes related to the production and sale of the suits.
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According to the CAPM, the risk premium an investor expects to receive on any stock or portfolio increases:
A) directly with alpha.
B) inversely with alpha.
C) directly with beta.
D) inversely with beta.
E) in proportion to its standard deviation.
C
According to the CAPM, the risk premium an investor expects to receive on any stock or portfolio increases C) directly with beta.
In the field of business, the risk free revenue that is expected to be returned from an investment is referred to as the risk premium. This risk free premium is expected to increase directly with the beta. This is because the stock or portfolio increases directly with the beta.
A risk premium is a measure of excess return that is required by an individual to compensate being subjected to an increased level of risk. It is used widely in finance and economics, the general definition being the expected risky return less the risk-free return, as demonstrated by the formula below.
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under accrual basis accounting, if cash is received from the customer before the product is delivered to that customer, in addition to the cash that is received, which of the following is reported by the company? multiple choice an asset (other than cash) on the balance sheet an expense on the income statement a liability on the balance sheet a revenue on the income statement
based on accrual accounting. If clients pay cash in addition to the cash already obtained before the goods is delivered to those customers, Company reports a liability on the balance sheet.
A corporation can use accrual accounting, a financial accounting technique, to record revenue before receiving payment for products or services sold and expense data as it is incurred. In other words, regardless of when money changes hands, the income made and costs incurred are recorded in the company's journal. Cash basis of accounting, which records revenue when the products and services are actually purchased, is sometimes contrasted with accrual accounting. The fundamental idea behind accrual accounting is that transactions should be recorded when an item or service is delivered, not when money is sent or received. Additionally, entries for debts and payments are made.
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True or False: The total specialization rule states that an entity instance of a supertype is allowed not to belong to any subtype.
The total specialization rule states that an entity instance of a supertype is allowed not to belong to any subtype. Given Statement are false.
An entity instance of a supertype is permitted to not belong to any subtype, according to the entire specialization rule. The process of generalization is top-down. Each super type object may be required to belong to at least one subtype in the relationship according to a completeness requirement.
A Super type may also be a subtype.A super type may contain one or more subtypes, and vice versa for subtypes. A subtype can be a super type of another subtype, and vice versa for supertypes and subtypes.
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one of the advantages of formal planning is group of answer choices does not become burdened by setting forth the resources required to complete the plan it precedes and ties together the other management functions of organizing, leading, and controlling the smaller the organization, the more time will be spent in a formalized planning process once written, assumptions are not difficult to change
One benefit of formal planning is that once assumptions are written down, they are easy to modify, allowing for more time to be spent on the process.
An organization is more likely to survive in the long run when formal planning is done. Therefore, it may be claimed that planning must provide the plan a feeling of vision, direction, justification, and purpose. These that are clear and understandable to other team members demonstrate the organization's commitment to achieving its objectives. Thus, it is simple to challenge such presumptions. Therefore, an explicit methodology is required for formal strategic planning. Formal planning necessitates a methodical process for weighing the many options. To make sure the options do not go against any limits, they must first be examined.
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19. Cost Equation
Suppose the cost to produce 10 units of a
product is $40 and the cost of 20 units is $70. If cost, c, is linearly
related to output, q, find a linear equation relating c and q. Find
the cost to produce 35 units.
The given information can be used to find a linear equation relating the cost, c, to the output, q. To do this, we can use the two points (10, $40) and (20, $70). These points can be plugged into the slope-intercept form of a linear equation: y = mx + b, where y is the cost, x is the output, m is the slope, and b is the y-intercept.
To find the slope, we can use the formula: m = (y2 - y1)/(x2 - x1). Plugging in the values from the given points, we get: m = ($70 - $40)/(20 - 10) = $30/10 = $3.
To find the y-intercept, we can plug in the slope and one of the points into the slope-intercept form of the equation. If we plug in the point (10, $40) and the slope ($3), we get: $40 = $3(10) + b. Solving for b, we get: b = $40 - $30 = $10.
So, the linear equation that relates the cost, c, to the output, q, is: c = $3q + $10.
To find the cost to produce 35 units, we can plug in q = 35 into the equation: c = $3(35) + $10 = $105 + $10 = $115.
What is linear equation?A linear equation refers to an algebraic equation of the form y=mx+b concerning mainly a constant and a first-order (linear) term, where m is the slope and b is the y-intercept. Usually, the notation refers to a "linear equation of two variables," where y and x are the variables.
Therefore, the cost to produce 35 units is $115.
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as used in the introductory section of a proposal, the states the boundaries of the proposal. group of answer choices
As used in the introductory section of a proposal, the scope states the boundaries of the proposal.
What is a proposal?Generally, A written offer made by a seller to a potential sponsor on behalf of the company is known as a business proposal.
When it comes to complicated sales processes, such as when a buyer considers factors other than price in making a purchase, business proposals are often an essential stage.
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CQ not found
The Mod Family Foundation is a $500,000,000 charitable foundation headed by Clarence Mod. The foundation is seeking to purchase a large block of WeariTech, Inc., a Nasdaq listed company, for the foundation's portfolio. Seacoast Securities is assisting with this secondary market transaction. In this example, the Mod Family Foundation is
A) an issuer.
B) an institutional investor.
C) a retail investor.
D) a venture capitalist.
The Mod Family Foundation is (a) an institutional investor.
Institutional investor- A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be more intelligent than the common investor.
Pre-investors, passive investors, and active investors are the three categories of investors in a company.
Institutional investors are businesses that collect money from various sources and invest it in a range of different financial products and asset classes on behalf of other people. Investment banks and hedge funds are among them, as are insurance funds, pension plans, and investment vehicles like mutual funds and ETFs.
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a $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. the only changes affecting retained earnings are net income and cash dividends paid. new equipment is acquired for $69,600 cash. received cash for the sale of equipment that had cost $60,600, yielding a $3,200 gain. prepaid expenses and wages payable relate to operating expenses on the income statement. all purchases and sales of inventory are on credit.
The balance of Ikiban Inc. as of June 30, 2017, is $102,100.
To calculate the statement for cash movement for Ikban Inc.
Statement of cash movement
Particulars Amount
Cash flow from operating activities:
Net income $117,510
Adjustments to net income
Depreciation expense $67,600
Decrease in inventory $27,200
Decrease in prepaid expenses $1,900
Increase in accounts receivable ($18,500)
Gain from sale of equipment ($3,000)
Decrease in accounts payable ($9,500)
Decrease in wages payable ($9,900)
Decrease in taxes payable ($2,800) $53,000
Net cash flow from operating activities $170,510
Cash flow from investing activities:
Purchase of new equipment ($67,600)
Disposal of old equipment $13,500
Net cash flow from investing activities ($54,100)
Cash flow from financing activities:
Issuance of common stock $69,000
Retirement of note payable ($30,000)
Distributed dividends ($106,310)
Net cash flow from financing activities ($67,310)
Net cash increase $49,100
Cash balance June 30, 2016 $53,000
Cash balance June 30, 2017 $102,100
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Broker A has a small brokerage, with only 1 sales agent. The sales agent has procured an exclusive right to sell listing agreement with a seller. The agreement authorizes the intermediary relationship with the possibility of appointments. The sales agent has also procured a buyer representation with a prospective buyer, authorizing the intermediary relationship, with the possibility of appointments. The buyer informs her sales agent that she would like to see Broker A's listing. Broker A chooses to act as an intermediary, and appoints his sales agent to communicate with and obey the instruction of the buyer, and appoints himself (Broker A) to communicate with and obey the instruction of the seller. Broker A
Broker A cannot make appointments as it is not allowed under TRELA for a broker to appoint himself to either the buyer or the seller. The broker A will act "as" an intermediary and his sales agent shall act "like" an intermediary.
Both the broker and his sales agent shall not give any advice or share their opinions with the buyer or the seller. The Texas Real Estate License Act (TRELA), makes sure that the higher standards of ethics and conduct are upheld in the real estate sector, is essential to work as a Texas real estate agent. The Texas Real Estate License Act was created by the Texas state government to safeguard the public interest against the dishonest brokers and sales people.
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Lamar, an OD consultant, is working with members of a cross-functional team to build cohesiveness and practice skills so the team can function bette He has observed them working together to solve problems and he has shared the latest customer survey results with them, Lamar is conducting the stage of the OD process. Multiple Choice ο feedback ο diagnosis ο evaluation ο changing ο treatment, or intervention
Lamar is conducting the Treatment or Intervention stage of the OD process that is option E is correct.
While working in a team it is necessary to work actually as a team by doing the task as a whole unit rather than working in scattered pieces. IF at any point there arises any issue with the team working the manager or the leader has to intervene in between and has to look at the problem and also find the solution of the problem. Intervention stage is when the manager talks and communicate with each of the team member about the working and other aspects of the task so that the overall functionality and efficiency of the process can be improved. It is an important step in team building process.
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consolidated group members each are jointly and severally liable for the entire consolidated federal income tax liability
The correct answer is True. Each member of a consolidated group is jointly and severally liable for the total consolidated federal income tax liability.
Any "affiliated group" (as defined in Section 1504(a) of the Code) that includes a Business Subsidiary, as well as any comparable group of corporations that includes a Business Subsidiary and files foreign, state, local, or non-U.S. Tax Returns on a combined, consolidated, or unitary basis, are considered Consolidated Tax Groups.
Even though it is 100% owned by members of an affiliated group, a partnership cannot be included in a consolidated return because it is not a corporation. However, the income or loss that is taxable for the consolidated group includes a member's profits that originate from a partnership.
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Add criteria to this query to return only the records where the value in the Credits field is less than 90 and the value in the Classification field is Jr or Sr. Run the query to view the results.
In the given case the query is
Click the Credits field's criteria row, type ">90". Click the Classification field's criteria row, type "Sr". On the Design tab, in the Results group, click the Run button.How does this occur?
Through the process of executing a query, the relational database relies on itself to quickly retrieve and evaluate your data. Any query's SQL code can be viewed by switching to design view.Simply described, queries are methods for finding and combining data from one or more tables.It allows one to access data from one or more tables in accordance with a set of explicit search criteria.Discover more about Query from
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Among 4 internationalization strategies (Global strategy, international strategy, Transnational strategy or multi-domestic strategy), what strategy should Vietnamese coffee company should use when joining the US coffee market?
The best strategy for a Vietnamese coffee company entering the US coffee market is an International Strategy. This strategy involves investing in a few countries and creating a standardized product to seek economies of scale. This allows the company to benefit from the size and scope of the market while reducing costs by taking advantage of differences in labor, taxes, and other costs. Additionally, this strategy can be used to create a global brand name that can be leveraged in other markets.
FILL IN THE BLANK. The best choice for showing changes in a company's monthly sales during a fiscal year is a(n) ________.
pie chart
line chart
flow chart
organization chart
The best choice for showing changes in a company's monthly sales during a fiscal year is an organization chart. A diagram that depicts an organization's structure.
As well as the relationships and relative ranks of its parts and positions/jobs, is known as an organisational chart, also known as an organigram, organogram, or organization' breakdown structure (OBS). An organisational chart is most often used to display the structure of a company, agency, or other organisation. Org charts can be constructed in a variety of ways and are useful for a variety of purposes. They could be utilised, for instance, as a personnel directory, planning tool, or management tool.
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which of the following statements would need to be documented in a report? group of answer choices the stock market can be volatile. many types of people invest in the stock market. last may, the dow jones industrial average suffered a 998-point loss, which the media called a flash crash. all of these choices
Should always be accounted for in a report On May 6, 2010, the Dow Jones Industrial Average suffered a 998 point fall, which the media nicknamed the Flash Crash.
The accusations state that in order to drive down the values of E-Mini S&P contracts, Sarao's trading algorithm executed a series of sizable selling orders, which ultimately led to the market crash. As observed, flash crashes happen quite quickly. It is obvious that the price fluctuations are not caused by the announcement of negative news followed by positive news. It's also important to keep in mind that the fall may affect an entire stock index rather than simply a single stock, bond, or commodity.
A business report makes the information easy to understand for the reader by using headings and subheadings, tables, diagrams, and, if necessary, bullet points. The report's primary goal is to effectively and rapidly convey essential information and data.
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a studio manager stated that she would not turn down $2m per sequel right. if you paid $2m per sequel right, are you purchasing them for less than what they are valued?
There are several alternatives here. Significant variations exist between 2 and 5 million.
When considering how to save money, the majority of firms start by examining their expenses. The main sources of expenses are internal and external alternatives. For instance, the recent sharp increases in sending charges may have a substantial impact on your ability to send and receive. Commerce and shipping are experiencing a significant surge in demand due to a 50% increase in sending volume since March 2020. The management of these third-party charges by your workers can also be the internal cause of expense growth. Therefore, it makes sense to work with a dependable partner like Pitney Bowes to deliver effective and adaptable solutions for your business. It is incredibly simple and time and money-saving to manage expenditures both internally and externally, thanks to centralized control and thorough insights.
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Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,076,000 on March 1, $1,224,000 on June 1, and $3,076,600 on December 31.
Whispering Company borrowed $1,155,090 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year, $2,376,900 note payable and an 10%, 4-year, $3,397,000 note payable. Compute the weighted-average interest rate used for interest capitalization purposes.
The weighted-average interest rate used for interest capitalization purposes is 4.38%.
The weighted-average interest rate is calculated by taking the sum of the interest rates of all loans divided by the total number of loans. For example, if you have three loans with interest rates of 3%, 5%, and 7%, the weighted-average interest rate would be (3+5+7)/3 = 5%.
Calculate the total amount of borrowing:
Total borrowing = $1,155,090 + $2,376,900 + $3,397,000 = $7,929,090
Calculate the total amount of interest paid on the loans:
Interest paid on the 5-year, 12% note = ($1,155,090 x 0.12) x (5/12) = $77,133
Interest paid on the 9%, 5-year note = ($2,376,900 x 0.09) x (5/12) = $134,983
Interest paid on the 10%, 4-year note = ($3,397,000 x 0.10) x (4/12) = $134,917
Total interest paid = $77,133 + $134,983 + $134,917 = $347,033
Calculate the weighted-average interest rate:
Weighted-average interest rate = (Total interest paid / Total borrowing) x 100
= ($347,033 / $7,929,090) x 100
= 4.38%
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The Home Depot supplies all the materials and the labor expertise for Habitat Homes in various regions of the country where the retail giant has a store. Its top management believes that this type of philanthropy better reflects the company’s commitment to the community than simple donations to the American Cancer Society and similar national charities. The Home Depot is using the practice of:
strategic giving
social philanthropy
consumer-based donating
social investing
strategic paternalism
Option a is correct , strategic giving refers to the practice of closely aligning philanthropy with the corporate mission or objectives.
What is Strategic philanthropy?A strategy of designing corporate or business donating and other charitable endeavors of a corporation so that they best fit with the firm's overall mission, goals, and values is known as strategic philanthropy. Meaning that the business has a clearly defined strategy and is aware of how to implement it through its charitable endeavors. Aligning a business's marketing objectives with the desire to increase human welfare is a unique and successful method. Cause-related marketing and community partnering are two other common names for strategic philanthropy, it is a positioning that links a firm with a charitable cause or non-profit organization.
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a steptracker object is created with a parameter that defines the minimum number of steps that must be taken for a day to be considered active.
The StepTracker class, which is a representation of a fitness tracking system, is used in this query. The minimum number of steps that must be taken in a day in order for a step tracker object to be considered active is specified by a parameter when it is created.
What does the StepTracker class offer?The constructor and the following methods are offered by the StepTracker class.
addDailySteps, a tracking tool that records your daily steps in one reading,activeDays gives the quantity of active days.averageSteps, which calculates the average daily step count by dividing the total number of steps taken by the number of days recorded, provides the average daily step count.Learn more about tracking tool: https://brainly.com/question/24711866
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The Probate Process When people die, they usually own property, owe debts, and may be owed money by other people. The probate process is often required to settle an estate. If the decedent has a valid will, he or she may have appointed a personal representative known as an to supervise the probate process and settle the estate. However, if the decedent does not ha administrator probate process is usually supervised by a court-appointed executor The individual supervising the probate process becomes the decedent's legal representative, taking care of such matters as collecting bank accounts and money owed to the decedent, paying off debts, creating clear title to make real estate marketable, and distributing the remainder to those who are entitled to it by the decedent's will or by the state's intestate laws.
The procedure of authenticating a last will and testament, if one was left by the deceased, is known as probate and is supervised by the court.
This process includes locating and valuing the deceased's assets, paying off his obligations and taxes, and distributing the remaining assets to the deceased's rightful heirs and procedure. The process through which a court formally acknowledges a person's passing and authorises the administration and distribution of their assets is known as probate. The simple objective of probate is to transfer assets from a deceased person's name into the names of the living court. Despite the fact that there is no definite deadline for requesting probate.
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FILL IN THE BLANK. Business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called _____ loans.
Business loans available from commercial banks with terms generally five to twelve years and secured or unsecured are called term loans.
What are term loans?In finance, a term loan means a type of loan that provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Term loans are usually meant for established small businesses with sound financial statements.
In an exchange for a specified amount of cash, the borrower agrees to certain repayment schedule with a fixed or floating interest rate. However, the term loan may require substantial down payments to reduce the payment amounts and the total cost of the loan.
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