Tertiary production refers to the service sector of an economy. It includes industries such as retail, hospitality, healthcare, education, and finance. This sector provides services to consumers, rather than producing tangible goods. Tertiary production is also known as the services sector, or the service economy. It is considered a key driver of economic growth, as it creates jobs, generates revenue, and contributes to overall economic activity.
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Comprehensive Problem- Chapter 4 Bas Baladi for the marketing of cooperative agricultural products is a company based in Ramallah. It operates two separate major divisions: Organic Food division, and Beverage division. On December 31, 2021, Bas Baladi had $327,000 operating Income. Required: a) Based on the below information (A-G). Use the following format to prepare the statement of comprehensive income. (Assume the tax rate is 20%) Note: Some of the items provided will not affect the statement of comprehensive income. A During 2021, the entity discovered that there's an error in the calculation of pension expense for 2020. The error overstated income before tax by $17,000. B Flood in Ramallah's farmland caused the company a loss of $11,000. They received insurance coverage of $6,500. Assume floods are common in Ramallah. C Bas Baladi decided to dispose of the Beverage division at the beginning of 2021. The Beverage division recognized a loss from operations of $150,000 before tax for the year ended 31 December 2021. The division was sold for $1,000,000, while the carrying value of the division's assets was $900,000. D In 2020 Bas Baladi purchased 10,000 shares of Padico stock at $1.2 per share. The stocks were categorized as a trading security. During 2021, the company received cash dividends of $0.05 per share. E Until 2021, the company has used weighted average, and on January 1, 2021. It has decided to switch to FIFO. The cumulative effect of this change is $60,000 before tax. F. The company suffered a $10,000 loss before tax from foreign currency translation of its subsidiary's financial statements. G Minority interest in net income amounted to $22,480.
Answer:
Explanation:
Statement of Comprehensive Income
For the year ended December 31, 2021
Net income:
Operating income $327,000
Adjustment for error in pension expense (17,000)
Loss from flood (4,500)
Loss from disposal of Beverage division (150,000)
Gain from sale of Beverage division 100,000
Cumulative effect of change in accounting principle (60,000)
Loss from foreign currency translation (10,000)
Total comprehensive income $131,000
Tax Expense (20%* $131,000) $26,200
Net income after tax $104,800
Minority interest in net income $22,480
Net income attributable to owners $82,320
Note:
-A: Error in pension expense, overstated income before tax by $17,000
-B: Flood in Ramallah caused a loss of $11,000, Insurance coverage received $6,500
-C: Beverage division recognized a loss from operations of $150,000 before tax, The division was sold for $1,000,000, Carrying value of the division's assets was $900,000
-D: Purchased 10,000 shares of Padico stock at $1.2 per share, classified as trading security, received cash dividends of $0.05 per share
-E: Change in accounting principle from weighted average to FIFO, cumulative effect $60,000 before tax
-F: Loss from foreign currency translation of subsidiary's financial statements $10,000
-G: Minority interest in net income $22,480
It's worth noting that the above statement is showing the comprehensive income, which is an important way of presenting the financial results of a company, as it includes all the transactions and events, whether or not they are included in the company's net income, or whether or not they are reported in the company's statement of financial position.
5. When are government intervention or government regulations beneficial to consumers?
O when they impose regulations on businesses that limit profits
O when they limit consumer choices by regulating goods sold by private firms
O when they limit the number of businesses permitted to open and sell goods to consumers
O when they impose safety regulations that determine how bicycle helmets are manufactured
They impose regulations on businesses that limit profits as the government intervention or government regulations beneficial to consumers. Thus, option (a) is correct.
What is government?The term “government” refers to the legal authority of the country. The government manages to control, command, and handle the country. The government's first priority is to ensure citizens are safe in the country.
According to the rule of the government was the based on the share the profit to the government as per the taxes. The business was the developed to pay the tax to the government to the set as limit of the profit.
As a result, the regulation as the limit of the profit as the set. Therefore, option (a) is correct.
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3. Discuss clearly each authors/contributors theories/principles/assumptions.
Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
Theories are not considered facts but are based off of thoughts.
Principals are like guidelines to doing something in a better or good way. Assumptions are thinking that something is a certain way even though you may not have any evidence to support that.
What is functionalism social stability?Functionalism social stability has been known as the key to have a strong society, and adequate socialization and social integration are necessary to achieve social stability. Conflict theory society is full of pervasive inequality based on social class, gender, and other factors.
The theory, functional theory for instance, can be used to understand it by knowing that Society’s social institutions perform important functions to help ensure social stability. The essence of such show is to bring about social stability
Conflict theory can help understand that far-reaching social change is needed to reduce or eliminate social inequality and to create an egalitarian society while functional theory is used to understand the show for social stability, the other theory, conflict theory, us used to bring about social equality.
Therefore, Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
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Explain right to be heard with examples
The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.
What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.learn more about the right to be heard
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How does a decrease in the price level affect the quantity of real GDP supplied in the long run?
A. Changes in the price level do not affect the level of GDP in the long run.
B. In the long run, a decrease in the price level increases inflation, which will decrease real GDP.
C. In the long run, a decrease in the price level will increase real GDP.
D. In the long run, a decrease in the price level decreases inflation, which will decrease real GDP
When will the U.S. armed forces provide financial aid?
A. during and after your service
B. before, during, and after your service
C. After you have served two years
D. Before and after your service
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how much you proposed in marketing budget in your cherry mobile brands
Answer:
If part of your marketing strategy was to release a mobile app, you will also need to budget for prototype testing. This is important to ensure that your mobile app is user friendly and that you can fix any issues that may arise. The average app marketing budget is estimated to be between $1,000 and $5,000.
Explanation:
< Manny signs a variable lease. • He pays $10/square foot. ● His index is 2. His utilities will cost $350. If his index goes up to 2.5 next year, how much will Manny pay in rent? $8/square foot $25/square foot $12.50/square foot $50/square foot
Manny will pay option C. $12.50/square foot in rent.
How do we determine the amount of rent?A variable lease is a type of lease where the rent is based on a specific index or formula, rather than a fixed amount.
In this scenario, Manny is paying $10/square foot and his index is 2, and the utilities cost $350. If the index goes up to 2.5 next year, Manny's rent will increase.
To calculate the increase in rent, we can use the following formula:
Rent = Base rent + (Index x Utilities)
So, if the index goes up to 2.5, the new rent will be:
Rent = $10/square foot + (2.5 x $350)
Rent = $10/square foot + $875
Therefore, Manny will pay $12.50/square foot in rent if the index goes up to 2.5 next year.
So, the correct answer is $12.50/square foot.
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How can the member countries of wto appreciate the fta
Mr X offers Mango for sale to Y at a price of Tk8500 per ton. Initially, Mr. Y accepts X’s offer. But with certain changes in the market situation Mr.Y wants to revocation of the offer and acceptance. Explain how Mr. Y revoked this offer
Mr. Y can revoke an offer by communicating to Mr. X that he no longer wishes to proceed with the sale of mangoes at the agreed-upon price of Tk8500 per ton, which can be done in person, over the phone, or in writing.
What is the definition of revoking an offer?Revocation of an offer occurs when the offeror withdraws the offer before the offeree accepts it. Thus, even if the offeror has already promised to keep the offer open, he can revoke it. The only time this will not occur is if the offeror received compensation to keep the offer open.
It should be noted that an offer can only be withdrawn before it has been accepted. Once an acceptance is communicated, the offer is considered binding and cannot be withdrawn. As a result, it is critical that Mr. Y communicates his rejection of the offer before Mr. X accepts it.
It is also worth noting that even if an offer has not yet been accepted, it can be terminated or become void in certain circumstances. For example, if the offer specifies a time limit for acceptance that expires, the offer is no longer valid. Similarly, if the offer's subject matter is destroyed or becomes unavailable, the offer may be terminated.
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What is usually the best way to display date if you have more than 10 results? a. bar graph, b. pie chart, c. line graph, d. none of the above
The best way to display data if you have more than 10 results is usually a bar graph (a).
A bar graph is a chart that uses horizontal or vertical bars to show comparisons among categories. It is a useful tool for visualizing data and comparing values across different categories.
For example, if you have data on the number of people who prefer different types of music, you could use a bar graph to show the relative popularity of each type of music. The bars in the graph would represent the number of people who prefer each type of music, and the height of the bars would correspond to the number of people.
Bar graphs are effective for displaying data when you have more than 10 results because they allow you to easily compare the values of different categories at a glance. They are also easy to read and understand, making them a popular choice for presenting data.
Option b, pie chart, is not usually the best way to display data if you have more than 10 results because pie charts can become cluttered and difficult to read when there are too many slices.
Option c, line graph, is not usually the best choice for displaying data with more than 10 results because line graphs are better suited for showing trends over time rather than comparing values across different categories.
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Choose 2 multinational companies (1 U.S.-based company + 1 foreign-based company).
Visit the websites of the 2 companies and conduct research using databases such as Business and Company ASAP and Business
Source Complete.
How do these 2 multinational companies have organized their global business operations?
What are their similarities and differences, and what might explain those similarities and differences?
How might you characterize their business and international strategies?
Tools like nation portfolio analysis and political risk assessment, which primarily concentrate on the potential benefits from doing business in emerging countries, are used by companies that seek new markets.
How a Global Corporation Operates?An organisation is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a multinational corporation. Some people might restrict the term to only include businesses with at least 25% of their revenue coming from sources outside of their own nation.
What Are Some of the Risks Facing Global Corporations?The various nations and regions in which multinational firms operate expose them to dangers. These include potential dangers to regulations or the law, political unpredictability, crime and violence, and cultural
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An increase in the expected real interest rate tends to raise desired saving, but lower desired investment. Explain how and why? Also give an example
Savings have increased as a result of the higher lending rates, and the quantity of loanable money available has climbed. The need to borrow money at various interest rates is reflected in the request for loanable funds.
What is an interest rate?An amount that a borrower must pay to a loan as interest during the course of a loan, is stated as a percentage of the loan amount.
The nation's economic balances of fixed investments and savings impact the real interest rate. All other things being equal, if saving raises or asset growth declines, the real interest rate lowers; if saving grows or asset growth reduces, the real interest rate increases.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
Which of the following is not an example of restructuring?
Answer:
c
Explanation:
Increasing or decreasing the amount of common stock is not an example of restructuring. Thus, option 'A' is the correct option.
What is restructuring in a business?A business restructuring is a key step that a company takes to change and reorganize its operations with the goal of lowering debt, boosting productivity, and enhancing the firm's moving ahead. Businesses experiencing financial challenges are more likely to reorganize.
A firm that finds itself in a situation where its debt is rising and it is having trouble making payments on time will frequently choose to restructure in order to find a sustainable solution to pay back all of its creditors and settle any outstanding debt. In general, the significance of corporate restructuring originates from its capacity to right the ship, divert attention from a gathering storm, and steer it in the direction of sheltered seas. It can act to turn around a failing business and position it for success.
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The complete options are:
a. Increase or decrease the amount of common stock
b. Eliminating profitable but unrelated divisions.
c. Merging with companies in related industries.
d. Divesting of an unprofitable division
A group of students is studying for an economics quiz about economic cycles and how the government manages in an economy. In a market economy, strategies that change spending or taxes in order to influence economic conditions are known as:
O fiscal policy.
O equity promotion.
O monetary policy.
O economic stimulus.
Answer:
A market economy is an economic system in which the production and distribution of goods and services are determined by the forces of supply and demand. In a market economy, the government can use various strategies to influence economic conditions, including fiscal policy and monetary policy.
Fiscal policy refers to the government's use of spending and taxation to influence the level of economic activity and manage the economy. This can include measures such as increasing government spending, reducing taxes, or a combination of both.
Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to manage the supply and demand of money and credit in the economy. This can include measures such as adjusting interest rates or the amount of money in circulation.
The options "equity promotion" and "economic stimulus" are not typically used to describe government strategies to influence economic conditions in a market economy.
Answer:
A fiscal policy.
Explanation:
Fiscal policy deals with the government's taxation and spending policies and is the principal tool used by the government to influence aggregate demand and achieve macroeconomic policy objectives such as high employment, price stability, and economic growth.
Question Content Area Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Chin Company issued $21,000,000 of five-year, 9% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.
The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.The journalize entries to record the issuance of the bonds.
What is market?In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange
Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced.
Market participants consist of all the buyers and sellers of a good who influence its price, which is determined by the market forces of supply and demand.
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What is the modified internal rate of return (MIRR) of this project? Assume that the required rate is 12%
Year CF
0 $5,500
1 $450
2 $1,800
3 $3,200
4 $550
5 $2,130
Which of the following best defines the term "cost per hire?"
A. The amount it costs to attract, evaluate, and hire a job candidate
B. The cost of internal versus external recruitment sources
OC. The average cost of advertising a job posting
D. The cost of training a new employee
"Insider" information is material given
by an employee to
A. another employee of the same business
B. the general public
C. a few non-employees in the public
Insider information, also known as interior information, refers to personal facts related to a publicly traded organisation that can furnish a financial benefit in the markets.
How do people get insider information?The SEC's Edgar database lets in free public access to all filings related to insider shopping for and promoting of stock shares. A number of monetary facts web sites offer easier-to-use databases of insider buying.
This includes Social Security Numbers, financial institution information, different non-public identifiable monetary information, and certain transactions with monetary institutions.
An insider is a director, senior officer, entity, or character that owns greater than 10% of a publicly-traded company's vote casting shares.
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https://brainly.com/question/21484893#SPJ4After a few years of successful business, Thomas saw the need to diversify his business to take advantage of the growth potential of new markets. Doing so also reduces the business risk. He set up a new company that sells 3 models of tables: Russian style, Italian style, and Mexican style. His targeted market was in NYC where there is huge demand for those products. Operating results for June are below:
a. If Italian style is discontinued, management estimates that sales of Russian style will increase by 20%. In good form, prepare an incremental analysis to determine if Italian style should be discontinued.
b. What qualitative factors should Thomas consider relating question (a)?
c. Should Italian style be discontinued based solely on quantitative aspects? Briefly justify your response.
d. Without creating new income statements, and using your results from your analysis in part A, determine the amount of the company’s new net income if Italian style is discontinued. Show your calculations.
I have the work completed...I just need to check my work. I would appreciate any help as soon as possible.
a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?
At the beginning of the year, Addison Company's assets will be:
a. The equity at year-end will be $197,000.
b. The equity for Office Store Company at year-end will be $30,000.
c. The beginning and ending amounts of equity will be $103
What is assets?
Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.
a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000
b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000
c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103
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A simple interest calculation provides a useful estimate of what compound interest will be if ___________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
The answer: c. the term is long is the wrong answer
Cultural differences that might influence the guest service experience include all of the following except
diet
greetings
humor
marriage
Answer: marriage
Explanation: You are correct! Diet, greetings, humor, and marriage are all cultural differences that can influence the guest service experience. However, marriage is not a cultural difference and therefore would not be included in this list.
I want to create a projject to get funds for education for all people who can not afford them
Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.
What is fundraising?Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.
The ideas that are used for fundraising can be:
Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.Learn more about fundraising , Here:
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The question is incomplete, the complete question will be :
I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising
2. Elastic goods are based on what consumers want, rather than something that they need to survive. Which of the following is an elastic good?
Osoda pop
water
O an apartment
medicine
Elastic goods or services are those for which demand fluctuates in response to price fluctuations. Consumers who are able and ready to easily shift their purchasing patterns in reaction to price fluctuations are said to be elastic consumers.
Examples of elastic goods:Examples of elastic products include:Soft drinks, like soda pop, are easy for consumers to adapt their consumption based on changes in price or availability because they are not essential for living. Apartments are not necessities for survival, and people can choose where to live depending on a variety of reasons, including price, location, and other considerations.Items like the ones listed below are not elastic goods:Water is a commodity that people will continue to buy even if the price goes up because it is necessary for survival. Because medicine is necessary for preserving health, people will continue to use it even if the cost rises.To know more about elastic goods, refer:
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After each of the following statements, circle T for a true statement or F for a false statement.
1. Financial institutions usually do not charge a fee for checking
account services.
2. Most financial institutions offer online and telephone banking services.
3. Electronic funds transfer (EFT) often involves the use of ATM machines.
4. It is important to reconcile your checkbook immediately when you
receive the bank statement.
5. When a check you have issued has been lost or stolen, you should
request a stop payment order.
6. To open an account, either checking or savings, you first must fill
out and sign a signature form.
7. When a minimum balance is not maintained in a checking account,
the bank will usually waive a service charge.
8. A debit card is the same as a credit card.
9. A money market account is an interest-bearing checking account that
pays a higher rate of interest.
10. With online banking, you can make deposits and withdrawals.
Personal finance is indeed the financial planning that a person or a family unit uses to set a budget, save money, and spend it.
What is a Personal Finance?The answers for the given questions are:
False: The majority of the time, financial institutions don't charge for checking account services.True: The majority of financial organisations provide telephone and internet banking services.True: A common method of electronic money transfer (EFT) is to utilise an ATM.True: When you get your bank statement, it's crucial to promptly reconcile your chequebook.True: You must ask for a stop demand draft if a check you wrote has been misplaced or stolen.True: You must first complete and sign a signing form in order to create an account, either a checking or a savings one.False: The bank will often not impose a service fee if a checking account's budget range is not met.False: A debit card functions exactly like a credit card.True: An attention checking account that pays a greater rate of interest is known as a money market account.True: You may make withdrawals and deposits using internet banking.To know more about Personal finance, visit:
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How to do a conclusion for The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report by recognizing essential lessons from the case study.
Answer:
The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report provides essential lessons for investors, corporations, and regulators. It is important to recognize that the battle between hedge funds and Herbalife was a complex and multifaceted one. Investors should be aware of the potential risks and rewards associated with investing in a company that is heavily reliant on direct selling. Corporations should consider the potential implications of their business model on the stock market and the potential legal and regulatory issues that may arise. Regulators should be vigilant in monitoring business practices and ensure that they are in compliance with applicable laws and regulations. By recognizing these essential lessons, investors, corporations, and regulators can be better prepared to navigate the complex world of investing.
Explanation:
A simple interest calculation provides a useful estimate of what compound interest will be if________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
Answer c. the term is long is the wrong answer
A simple interest calculation provides a useful estimate of what compound interest will be if the term is short (option d).
What is simple interest and compound interest?Simple interest is when the amount invested grows at a linear rate. When an amount earns a compound interest, the amount invested grows at an exponential rate. Thus, an account that earns a compound interest grows at a faster rate than an account that earns a simple interest.
The formula that can be used to determine the future value of an account when there is a simple interest is:
Future value = amount invested + interest earned
Interest earned = amount invested x time x interest rate
The formula that can be used to determine the future value of an account when there is a compound interest is:
FV = P(1 + r)^n
Where:
P = amount invested r = interest rate n = number of yearsIt is only in the first year that an account that earns a simple interest and an account that earns a compound interest would have the same value.
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The act of attempting to acquire information such as user names passwords and credit card details by acting as a trustworthy entity in an electric communication is called
Phishing is the practice of pretending to be a reliable entity in an electronic conversation in order to get sensitive data such as usernames, passwords, credit card information, and occasionally even money (indirectly).
What happens when someone pretends to be a reliable internet source in order to try and get information like usernames or passwords?Phishing is the fraudulent act of pretending to be a reliable entity in an electronic contact in order to get sensitive information like usernames, passwords, and credit card numbers.
Is it an attempt to get sensitive information such credit card numbers, usernames, and passwords?Phishing is the practice of pretending to be a reliable entity in an electronic communication in order to get sensitive data, such as usernames, passwords, and credit card numbers.
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