The term developing country (DVC) is applied to rich nations like the United States and Germany because their economies are always growing quickly by developing new technologies.
The given statement is false.
The term "developing" refers to a cutting-edge situation and now not a changing dynamic or expected path of improvement.
Because of the late 1990s, countries identified by means of the UN as developing countries tended to illustrate better-increased quotes than the ones in the developed countries class.
In keeping with the UN, a developing us of a is a country with an incredibly low trend of dwellings, an undeveloped commercial base, and a mild to low Human Development Index (HDI).
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If the economy is growing, firms with high operating leverage will experience A. higher increases in profits than firms with low operating leverage. B. smaller increases in profits than firms with low operating leverage. C. no change in profits. D. similar increases in profits as firms with low operating leverage.
The correct answer is option A.
Firms with high operating leverage will experience Higher increase in profits than firms with low operating leverage.
What is financial accounting?In order to provide financial statements that both internal and external shareholders may use to judge a company's financial soundness, financial accounting focuses on documenting, evaluating, and reporting on a company's business transactions. Investors and organizational executives can evaluate a company's financial health and general performance using financial statements. This means that establishing business objectives, monitoring financial performance, and allocating resources to internal departments and professionals all depend on financial accounting and the accounts it generates. Statements adhere to the criteria and rules established by the International Financial Reporting Standards (IFRS).Learn more about Financial Accounting with the help of the given link:
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Japan and other market-based economies enjoy economic growth, but also face greater risks due to:.
Japan and other market-based economies enjoy economic growth, but also face greater risks due to deregulation.
As we can see some other countries which face slowing down in 2008. They also made some deregulation in the economy. Japan is a developed economy and has greater potential.
An example of deregulation would be if the authorities removed this regulation. So human beings are loose to put on or not put on the seatbelt without the chance of punishment. This additionally extends into the commercial enterprise international. For instance, the removal of the minimum wage might be an example of deregulation.
Deregulation is the elimination or reduction of government regulations in a specific enterprise. The goals are to permit industries to function as agencies more freely, make decisions efficaciously, and remove corporate restrictions.
Some argue that deregulation promotes economic increase by making it less complicated for agencies to do enterprise, growing loose-market opposition, and decreasing costs. Others point out that an excessive amount of deregulation can damage clients and their surroundings. Rules for agencies exist at each degree of the presidency.
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You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account and $250 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will return 6 percent. When you retire, you will combine your money into an account with a return of 5 percent. How much can you withdraw each month from your account assuming a 25-year withdrawal period
An amount of $13,287.70 can be withdrawn each month from your account assuming a 25-year withdrawal period.
What does withdrawal period mean?The withdrawal period is the minimum amount of time between the administration of the final dose of medication and the manufacture of meat or other food items produced from animals.What is a withdrawal period and why is it important?Withdrawal times take into account how long it takes an animal to digest a substance that has been given to it as well as how long it takes for the substance's concentration in its tissues to drop to a safe, acceptable level.According to the question:
To calculate the total amount saved for 30 years after retirement, we us the formula for calculating the future value of ordinary annuity for both stock and bond as follows:
Future Value of Stock.
FVs = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)
Where,
FVs = Future value of the amount invested in stock after 30 years =?
M = Monthly investment = $850
r = Monthly interest rate = 10% ÷ 12 = 0.8333%, 0.008333
n = number of months = 30 years × 12 months = 360
Substituting the values into equation (1), we have:
FVs = $850 × {[(1 + 0.008333)^360 - 1] ÷ 0.008333} = $1,921,414.74
Future Value of Bond
FVb = M × {[(1 + r)^n - 1] ÷ r} ................................. (2)
Where,
FVb = Future value of the amount invested in bond after 30 years =?
M = Monthly investment = $350
r = Monthly interest rate = 6% ÷ 12 = 0.50%, 0.0050
n = number of months = 30 years × 12 months = 360
Substituting the values into equation (2), we have:
FVb = $350 × {[(1 + 0.0050)^360 - 1] ÷ 0.0050} = $351,580.26
Amount that can be withdrawn monthly for 25-year withdrawal period
To calculate this, we use the formula for calculating the present value of an ordinary annuity as follows:
PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (3)
Where;
PV = Combined present values of stock and bond investments after retirement = FVs + FVb = $1,921,414.74 + $351,580.26 = $2,272,995.00
P = Monthly withdrawal = ?
r = Monthly interest rate = 5% ÷ 12 = 0.4167%, or 0.004167
n = number of months = 25 years * 12 months = 300
Substitute the values into equation (3) to have:
$2,272,995.00 = P × [{1 - [1 ÷ (1 + 0.0047)]^300} ÷ 0.0047]
$2,272,995.00 = P × 171.060047040905
P = $2,272,995.00 / 171.060047040905
P = $13,287.70
Therefore, $13,287.70 can be withdrawn each month from your account assuming a 25-year withdrawal period.
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If quantity supplied increases 20% when price increases 10%, price elasticity of supply is.
How sensitive the supply quantity is to a shift in price is quantified by the concept of price elasticity of supply. Quantity supplied (Q.S) elasticity of supply (PES) is calculated as the ratio of price change to the percentage change in Q.S. Supposing that supply doubles while demand grows by 10%, the new price of a cappuccino will be $1.30. We define PES as 2.0.
What is Price elasticity?Generally, a method for determining how much of an impact a change in either supply or pricing has on demand.
In conclusion, If supply increases by 100% and demand rises by 10%, the cost of a cappuccino will rise to $1.30. Specifically, we say that PES 2.0 is the standard for it.
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Many organizations use the same process capability standard for all their products or services (e.g., 1.33), but some companies use multiple standards: different standards for different products or services (e.g., 1.00, 1.20, 1.33, and 1.40). what reasons might there be for using a single measure, and what reasons might there be for using multiple standards
The reasons to use single measure and multiple standards are given below.
The reasons for using a single measure and multiple standards are:The use of a single-item measure decreases the possibility of common method variance, which occurs when misleading correlations are seen due to the usage of the same response format rather than item content. Furthermore, the face validity of the single-item measure should not be overlooked.Standards ensure the safety, quality, and dependability of products and services; they facilitate trade and safeguard our and the environment's health. Standards in business improve systems and processes by reducing waste, lowering costs, and ensuring uniformity.Standards also help to rationalize and minimize production costs, which helps to meet consumer demands for low-cost services while retaining high quality. Standards specify quality and minimum criteria and give accepted solutions for consumer, health, safety, and environmental protection.Therefore, the reasons for using the single measures and multiple standards are given.
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An assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations, intended to determine where and to what extent value is added to the final product or service is known as
The answer is Value Chain Analysis.
Value chain analysis (VCA) is a procedure where a company determines its core and auxiliary operations that provide value to its finished product and then analyse these activities to cut costs or boost distinction.
In other words, the value chain is a representation of the internal processes a company goes through to convert inputs into outputs.
Its objective is to identify the operations that are most valuable to the company (i.e., the source of cost or differentiating advantage) and those that may be enhanced to give the company a competitive edge.
Hence, an assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations, intended to determine where and to what extent value is added to the final product or service is known as Value Chain Analysis.
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All of the following products were important trade goods that came from India, except __________. A. coffee B. cotton C. spices D. tea
Hello !
Answer:
All of the following products were important trade goods that came from India, except coffee.
If an employer does not sell its output in a perfectly competitive industry, it faces a ________ demand curve for output.
If an employer does not sell its output in a perfectly competitive industry, it faces a horizontal demand curve for output.
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
The demand and supply in the industry as a whole affect the price. Due to its limited supplier size and lack of price control, the company cannot set prices. Each additional product will be sold for the same price. Price, which is represented by fully elastic demand, is therefore equal to MR times AR (ie a horizontal curve).
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When you purchase an item from Globus Corp., they place the item in a paper bag with handles and vertical yellow, blue, and white stripes. Even without seeing the words "Globus Corp." on the bag, many people recognize that the purchase is from Globus. The bag's coloring and design is considered its ________. Group of answer choices trademark collective mark certification mark service mark trade dress
The bag's coloring and design are considered its trade dress.
What is a trade dress?The commercial look and feel of a product or service that identifies and distinguishes the source of the product or service are referred to as trade dress. It encompasses the different aspects (such as material design and shape) used to package a product or service.What is a certification mark?A certification mark is a sort of trademark that is used to show consumers that specific goods and/or services, or the providers of those goods and/or services, have satisfied certain requirements.What is a service mark?A "service mark" is a form of trademark that is protected and governed by the Lanham Act. Service marks are used to identify and distinguish one individual's or organization's services, even if they are unique, from those supplied by others.What is a collective mark?A collective trademark, collective trademark, or collective mark is a trademark owned by an organization that is used by its members to identify themselves with a certain degree of quality or accuracy, geographical origin, or other features specified by the organization.Therefore, the bag's coloring and design are considered its trade dress.
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True or False Question True or false: If individuals are not detail oriented, then a business that is procedurally complex and involves managing a wide variety of tasks may be appropriate.
This statement is False.
Substitutions are graded based on the entrepreneur's unique resources and similarities with their abilities. Alternatives meet the same basic needs that the product or service meets.
Competitive analysis is important for the following reasons: It helps identify ways to improve your own business strategy. It teaches you how to outperform your competitors in these areas to get the attention of your customers. The result is a competitive advantage over other companies in the industry.
Entrepreneurs need to respond quickly to identified business opportunities in order to maximize profits. If a potential business owner has multiple ideas about a business, he or she needs to identify one to perform a due diligence analysis.
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According to growth accounting studies, investing in research and education Group of answer choices is the best way to achieve greater technological progress. is less effective than on the job training. does not achieve as much growth as technology improvement would.
According to growth accounting studies, investing in research and education is the best way to achieve greater technological progress.
What is growth accounting?It corresponds to a metric to identify which are the factors that most impact economic growth, also finding the rate of technological progress of a business.
Therefore, the greater investment in research and education, the more effective growth accounting measurements will be for identifying technological progress.
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The profile of an entrepreneur typically includes all of the following EXCEPT a(n) Select one: a. focus on concrete results. b. willingness to take risks. c. appreciation for the status quo. d. desire to assume responsibility. e. need for achievement.
The profile of an entrepreneur typically includes all of the following EXCEPT a(n): c. an appreciation for the status.
Who is an entrepreneur?An entrepreneur can be defined as someone who engages in trading or business.
The profile of an entrepreneur typically includes all of the following:
Focus on concrete results.Willingness to take risks.Desire to assume responsibility.Need for achievement.Therefore the correct option is c.
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The auditors' responsibility to communicate findings with respect to fraud can best be summarized as:
The auditors' responsibility to communicate findings with respect to fraud can best be summarized as: Communicate to the audit committee both material and immaterial amounts of fraud that are detected. This is further explained below.
What is auditors?Generally, An auditor is a person qualified to examine financial documents, confirm their correctness, and make sure businesses are following tax regulations.
In conclusion, the Auditors' duty to report fraud-related discoveries is summed up as follows. Any identified fraud, no matter how little, should be reported to the audit committee.
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What is a government corporation? Group of answer choices Each department in the executive branch is legally registered as a corporation. It is an agency that performs and charges for services usually provided by the private sector. It is a private company, publicly traded, whose sole investor is the federal government. It is a government agency that is charged by Congress to make a profit. It is a government agency that is run primarily by business executives from the private sector.
It is a company that performs and bills for services that are typically offered by the private sector.
Government corporation: what is it?A government corporation is a federal agency that was created by Congress with the goals of providing a market-oriented public service and generating income that would roughly cover its expenses.
Which is an illustration of a public company?There are other examples from the US as well. Government corporations include, for example, the Federal Deposit Insurance Corporation (FDIC), United States Postal Service (USPS), and Environmental Protection Agency (EPA).
Why are there government corporations?Independent organizations and governmental businesses exist to support the delivery of services to the general public, deal with issues that have grown too complicated for the government to manage, and maintain effective government operations.
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A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.
Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration
What is incontestability clause?
An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.
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Gabriel had no idea how consumers would respond to a survey about attitudes toward a program opening up space travel to private citizens. He could use ________ to allow respondents to answer in their own words.
Gabriel had no idea how consumers would respond to a survey about attitudes toward a program opening up space travel to private citizens. He could use a survey with open-ended questions.
Space travel to private citizens:
On June 7, 2019, NASA said that beginning in 2020, it intends to start permitting commercial astronauts to go to the International Space Station using the SpaceX Crew Dragon and the Boeing Starliner spacecraft for public astronauts, with a planned daily cost of $35,000 USD.
Three paying clients and a retired NASA astronaut set off for the International Space Station. The trip is the first to visit the space station with only private persons aboard, and it is also the first time NASA has worked with other organizations to coordinate a space tourism visit.
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Financial reports are used by a.management b.creditors c.investors d.All of these choices are correct.
Financial reports are used by management, creditors, and investors. Thus the correct option is D.
What is the objective of financial reports?The financial report is the statement or description of the income and expenses that took place in the organization. This report is prepared to analyze the financial position of any organization.
This helps to understand whether the organization is achieving profitability or not. These help investors to know about the current position of the organization in the market.
It helps management to estimate the turnover along with profitability to determine the assets and liabilities records in the financial year.
It helps creditors to assess the company's creditworthiness and ability to make payments on its debt in a timely manner.
Therefore, in option D all of the above, creditors, investors, and management used financial reports.
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Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purchase. Which type of credit did she use?
The credit she used is an installment sales credit.
Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.
Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.
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The cost of goods not yet sold is recorded in the ______ account, whereas the cost of goods that are sold to customers is recorded in _____.
The answer is inventory account and Cost of goods sold account(COGS) respective to the order of the blanks.
Goods not yet sold means the stock we still have in our inventory. Therefore, the costs related to them will be shown in the inventory account as an asset. As we can recover the cost by selling the goods.
On the other hand, goods sold are included in the sales. Therefore, the costs related to these goods which are sold should be written off and adjusted with the sales account by recording them in the Cost of goods sold (COGS) account
Hence, The cost of goods not yet sold is recorded in the Inventory account, whereas the cost of goods that are sold to customers is recorded in the Cost of goods sold account.
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As an entrepreneur, you need to be ethical as an individual as well as in your business behavior, since you will face both ethical decisions and ethical dilemmas while running your business. Describe either an ethical decision or dilemma you might encounter in a business that creates apps for cell phones. Explain your strategy for handling the decision or dilemma using the steps defined in the unit. Ethical situations often arise within businesses. When they do, they typically fit within one of the following categories: bribes, conflicts of interest, conflicts of loyalty, or issues of honesty and integrity. Choose one of the ethical situations categories that require appropriate action. Define the category and provide an example. What makes it a challenge?
As an entrepreneur, you need to be ethical as an individual as well as in your business behaviour. For the given two scenarios the solution could be-
Part 1: Paying fair and acceptable salaries may present an ethical quandary as the owner of a small or large firm.Part 2: Bribes are valuable gifts given to encourage someone to act unethically.Strategy for handling the decision or dilemma:The strategy for handling the decision or dilemma using the steps defined in the unit in a business that creates apps for cell phones are-
Paying fair and liveable salaries could present you with an ethical conundrum as a small- or big-business owner. Despite the fact that it could be challenging for you to pay your staff enough so they can support themselves, it is crucial to do so. To pay my staff liveable wages, I would personally go above and above. Future rewards will come from having strengthened my relationships and gained more trust from my staff.Ethical situations categories:When ethical situations often arise within businesses: the ethical situations categories that require appropriate action is "Bribes".
Bribes are valuable gifts given to influence someone to act unethically. Consider the following factors when determining whether or not something is a bribe: the cost of the item, the time of the present, the kind of gift, and the relationship between the giver and the recipient. In order to handle this circumstance, I would add a section about bribes and gifts to my corporate policy or code of conduct.To know more about the entrepreneur and entrepreneurship, here
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Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as _______. a. pricing based on perceived satisfaction b. status quo pricing c. satisfactory pricing d. surge pricing
Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as Surge pricing. Hence option D is correct.
What does pricing stand for?Pricing is the process of determining the value that a manufacturer will receive in exchange for their goods and services. The producer uses a pricing strategy to make the cost of its products suitable for both the manufacturer and the consumer.
When a business increases the price of a good or service when demand is high and lowers prices when demand is low, this practice is known as "surge pricing."
Hence option d is correct.
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In the Blank______ stage of the product life cycle, demand and sales increase, profits peak, and there are more competitors.
the correct answer is "in the growth stage of the product life cycle, demand and sales increase, profits peak, and there are more competitors."
Growth stage-
If the product continues to thrive and meet marketplace needs, the product will enter the growth stage. In the growth level, income sales typically grows exponentially from the take-off point. Economies of scale are realized as income sales grow quicker than prices and manufacturing reaches capacity.Competition withinside the boom level is frequently fierce, as competition introduce comparable products. In the growth stage, the marketplace grows, opposition intensifies, income rise, and the wide variety of clients increases.learn more about product life cycle here: https://brainly.com/question/16866268
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A closely-held corporation has a defined benefit plan for its officers and employees. Due to a stock market decline, the plan is underfunded and the corporation does not have enough cash to make its minimum pension contribution. To meet the shortfall, the President of the corporation wants to donate a valuable oil painting to the plan. This action is:
When the President of the corporation wants to donate a valuable oil painting to the plan. This action is "an illegal transaction involving a party-in-interest and the plan".
Employee Retirement Income Security Act (ERISA):The main purpose of (ERISA) are-
Transactions between the plan trustee and alleged "parties-in-interest" are expressly forbidden by ERISA. Any fiduciary, advisor, or employee of the plan, as well as any employer whose employees are covered by the plan, are considered "parties-in-interest." Sale, exchange, or leasing of property between the plan and a "party-in-interest," a loan to a "party-in-interest," the provision of goods, services, or facilities to a "party-in-interest," the transfer of plan assets to a "party-in-interest," or the use of plan assets by a "party-in-interest" are all prohibited transactions.To know more about ERISA, here
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Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to decline as the forecasting horizon lengthens.
Ability-planning refers back to the method of decoding how many useful assets you are going to need to fulfill the call. This “call for” may be for any unit of time: the upcoming week, subsequent season, or maybe in a yr's time. A few subjects that fall underneath capability-making plans are the use of the body of workers to satisfy the approaching calls.
Take a bakery, for instance. Understanding what number of pies may be made and baked in a given day using current gadgets and employees (potential) permits the bakery to devise what number of pies they may promote and what they need for property (group of workers, apples, and so on.).
Get the supply and day without work for each person. For anybody, subtract break day from net artwork Hours, and multiply the result with the aid of manner of his availability to get his non-public capability. Upload up the individual capacities to get the institution's potential in character hours, and divide through 8 to get the capability in man or woman-days.
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A perfectly competitive firm typically ________ its marginal revenue with each additional item sold, and a monopolist ________ its marginal revenue as the quantity of sales increases.
A perfectly competitive firm typically increases its marginal revenue with each additional item sold, and a monopolist decreases its marginal revenue as the quantity of sales increases.
A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.
A perfect market, also known as an atomistic market, is defined by various idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
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If a sales rep earns $12 per hour plus $15 per unit sold, how much will he have earned after 20 hours and 15 units sold?.
20 hours and 15 sold products have resulted in earnings for 465.
12 x 20 is 240
15 x 15 is 225 225 +240 = 465
The act of trading things for money is referred to as "selling products". Several important measures must be taken in order for a firm to market its products:
sold products development is the process of developing new items or acquiring existing ones to satisfy consumer and market expectations. Processes related to quality control, production, design, and research are all involved.
Marketing and promotion: Companies use a variety of marketing approaches to spread the word about and spark interest in their goods. This might involve marketing initiatives such as social media campaigns, internet marketing, public relations, and earnings
Sales Process: During the sales process, potential clients are found, approached, and given information about the features, advantages, and value proposition of the products.
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At a price of $20, there would be a(n) shortage. The law of supply and demand predicts that the price will fall from $20 to a lower price. surplus. The law of supply and demand predicts that the price will rise from $20 to a higher price. excess demand. The law of supply and demand predicts that the price will rise from $20 to a higher price. excess supply. The law of supply and demand predicts that the price will fall from $20 to a lower price.
In a long run equilibrium, The average total cost will be the same as it was before the price increase.
What is Long Run Equilibrium?A company reaches equilibrium over the long term when it modifies one or more of its plants to create output at the least point on their long-run Average Cost (AC) curve.The demand curve determined by market pricing and this curve are tangential. In the long run, a company simply makes standard profits. The industry will draw new firms into it if a firm has above-average short-term earnings.As the industry grows, this eventually results in a decrease in the prices of the commodities and an increase in the prices of the factors.Until the AC curve is perpendicular to the demand curve, these modifications persist.On the other hand, if businesses experience short-term losses, they will eventually exit the sector.As a result, as the industry shrinks, prices rise and costs decline. Until the remaining businesses in the sector are able to cover their overall costs and regular earnings, these adjustments will continue.The conditions below are necessary for the long run equilibrium of firm:The output is created for the least amount of money.The marginal cost is barely covered by the selling price.Plants are ultimately utilized to their utmost potential. Resources are not squandered as a result.Businesses only make typical earnings.While profits are typical, businesses strive to increase them.Know more about Long Run Equilibrium brainly.com/question/13869483
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A primary reason why supply chains exist is that____________ is added at each step of every supply chain.
Specialization is added at every step of the supply chain which could the reason for the existence of a supply chain.
What is meant by supply chain?
A supply chain is a linkage between the company and its vendors for product distribution in the market for sale.
The supply chain involves many entities like production firms, vendors, distribution companies, transportation companies, etc. Every step of the supply chain needs specialized expertise for performing the operations like the production firm needs raw materials to convert the goods into saleable ones.
Therefore, the existence of a supply chain would be due to specialization which requires in every step of it.
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A business, but not an individual person, can be deemed liable for monopolizing or attempting to monopolize trade or commerce in violation of the antitrust laws. Group of answer choices False True
According to business law, the given statement is false.
Characteristics of Sherman antitrust law-
The Sherman Antitrust Act of 1890, which has been used many a time in Federal courts throughout the country, seeks to encourage free marketplace interstate exchange thereby making an attempt to restrict marketplace restraints. Section 2 of the Sherman Act addresses an individual’s position in what can now be taken into consideration as unlawful commercial enterprise activities.A try to monopolize a marketplace is one of the primary worries of Section 2 and places the obligation of such an act on the individual.hence the statement given is false.
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What is an advantage for Freeman XP, a brand experience company that organizes large events such as trade shows, of hiring union workers
The advantage for Freeman XP, a brand experience company that organizes large events is: Union workers have specialized skills that is required to run large events successfully.
Union workersFreeman XP tend to believes that the benefit of using the union worker or employee is that the company can count on the trained employee who have the required skills to operate such large events from beginning to the end.
Hence, the advantage for Freeman XP is that the Union workers have specialized skills that is required to run large events successfully.
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