An advantage of custom development might be: you get a system that is tailored to the current business and meets specific needs.
Custom software development is the system of conceptualizing, designing, building and deploying software for a specific person or a group of people inside an organization or as a 3rd-party association.
Custom software program development is the procedure of designing software program packages that meet the unique desires of an man or woman or a business enterprise. not like industrial off-the-shelf (COTS) software program, custom alternatives are commonly concentrated on precise problems. they are also supposed for in-house use, no longer resale.
Custom software program improvement creates programs specially designed to fulfill the unique requirements of those businesses and users. for example, the banking enterprise makes use of rather specialized custom software to offer clean access for customers, at the same time as defensive touchy records with high-give up safety capabilities.
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when a hotel has a service delivery problem such as a broken air conditioning system on a very hot weekend, one critical element of service recovery is to blank .
When a hotel has a service delivery problem such as a broken air conditioning system on a very hot weekend, one critical element of service recovery is to find a solution that seems fair to all customers.
Service delivery is a very crucial element of all the hotels because customer choose a hotel on the basis of what kind of services they are providing. Every hotel must ensure that they are providing services as mentioned in their website. The guidance given to consumers or visitors before, all through, and then after their stay at your hotel is regarded to as hotel customer service. Visitors may require help in choosing rooms, making online reservations, having to cancel reservations, or trying to make other preparations during their visit.
In case the air conditioning system broke down during a very hot weekend, and in case hotel is unable to properly execute service delivery they should depend on such services which will be beneficial for all.
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Match the examples to the stages of the buying and decision-making process.
The customer decides which product to buy. - Making a purchase decision.
The customer looks for information on products and services. - Searching for information.
The customer compares various options. - Looking at options.
The customer pays for a product. - Buying the product or service
The customer reflects on what he or she has bought. - Purchase reflection.
The customer realizes that something is needed. - Problem recognition.
What is a buying decision process?In marketing, this decision-making process are used by the consumers regarding the market transactions before, during and after the purchase of a good or service. Such process can be seen as a form of a cost-benefit analysis in the presence of multiple alternatives.
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Your credit report is the equivalent of your financial what?
A: Goals and dreams
B: Family budget
C: Report Card
D: Car payments
Answer:
financial nothingness is equivalent to space time travel
got em
Suppose you put $350 into a bank account today. Interest is paid annually and the annual interest rate is 6 percent. The future value of the $350 after 4 years is.
If you deposit $350 into a bank account now, its future value after four years is $441.87. The interest rate is 6% per year, and it is paid annually.
FV=PV*(1+i)^n
PV=present value=$350
FV=future value=?
i=interest rate=6%=0.06
n=periods=4 years
FV=350*(1+0.06)^4
=441.866936
The future value of $350 after 4 year is $441.87
Future value (FV) is the value of an asset now based on an anticipated rate of increase in the future. Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
Investors can choose wisely based on their anticipated demands when they have knowledge of the future value. External economic forces, such as inflation, can hurt the asset's future worth by depreciating it, though.
The future value of $350 after 4 year is $441.87 if you put $350 into a bank account today. Interest is paid annually and the annual interest rate is 6 percent.
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suppose that a cpi basket includes avocadoes, pineapples and oranges. avocadoes become very expensive, and consumers substitute away from avocadoes and buy hummus instead. if the cpi basket does not change to reflect the move away from avocados, the result is:
If CPI basket does not change to reflect the move away from avocados, the result is substitution bias.
When prices for items change in relationship to each other, substitution bias occurs. Think about the way a consumer price index represents private consumption. Customers will often buy more of the item whose price has dropped and less of the product whose price has risen slightly. The long-standing market basket used to create a consumer price index may not take into consideration this change in demand. If a specific good is purchased by consumers and therefore included within the Consumer price index (CPI), but its price hikes, customers may choose to pick a less expensive version, the CPI basket may still not instantly indicate this shift.
The complete question is here:
Suppose that a CPI basket includes avocadoes, pineapples and oranges. Avocadoes become very expensive, and consumers substitute away from avocadoes and buy hummus instead. If the CPI basket does not change to reflect the move away from avocados, the result is:
A) substitution bias.
B) understated inflation.
C) the failure to capture real variables versus nominal variables.
D) quality bias.
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a portfolio consists of $2200 in a mmmf and $7800 in a risky stock that has an expected return of 11.3%. the riskfree rate is 4.1%. what is the expected return on the portfolio? (report your answer to the nearest hundredth and report the percent as 10.32 rather than .1032)
The expected return on the stock portfolio is 9.518 %.
A stock market portfolio is an investor's collection of shares, price range, and other marketplace-traded securities. In widespread, investment portfolios often consist of some coins and bond investments. A varied portfolio holds a selection of various property, varied in length, enterprise, and other factors.
For years, many financial advisors endorsed building a 60/forty portfolio, allocating 60% of capital to stocks and 40% to constant-income investments along with bonds.
An investment portfolio is a collection of assets and can include investments like stocks, bonds, mutual budget and change-traded funds.
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myca corporation has a project with the following cash flows. what is the value of the cash flows today assuming an annual interest rate of 10.1 percent? year cash flow 1 $ 1,840 2 2,330 3 2,675 4 2,685
Assuming a 10.1% annual interest rate, the present value of the cash flows is $4148.85. (approx).
When the benefits of compounding over time are taken into account, an effective annual interest rate represents the true return on a savings account or any other investment that pays interest. It also cash flows displays the actual percentage rate of interest paid on any other debt, including loans and credit card debt.
The term "annual interest rate" refers to the actual interest rate on a loan or investment. The fact that the effective yearly cash flows interest rate accounts for the reality that higher effective interest rates will result from more frequent compounding periods is its most significant feature.
Given data,
Annual interest rate, r = 10.1 % ~ 0.101
The present value of the cash flows is calculated as follows:
PV1 = FV (1+r)
where FV= future value
r = annual rate of interest
n = time period
PV1 = 1640/ (1+0.101)1
= 1840/ 1.101
= 1671.20
PV2= 2330/ ( 1+0.101) 2
= 2330/ 2.202
= 1058.12
PV3 = 2675/ (1+0.101)3
= 2675/3.303
= 809.86
PV4= 2335/ (1+0.091)4
= 2685/ 4.404
= 609.67
NPV = \sum PV1+ PV2+ .....+ PVn
= 1671.20 + 1058.12 + 809.86 + 609.67
= 4148.85(approx)
Therefore, the value of the cash flows today assuming an annual interest rate of 9.1% is $4148.85 (approx).
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new gadgets, incorporated, currently pays no dividend but is expected to pay its first annual dividend of $4.55 per share exactly 6 years from today. after that, the dividends are expected to grow at 2.8 percent forever. if the required return is 10.6 percent, what is the price of the stock today? multiple choice $41.12 $58.33 $35.25 $50.81 $31.87
The price of the stock is $35.25 today if the required return is 10.6 percent.
The price of the stock today can be determined by the constant growth model. This model is used when the expected dividend is predicted or expected to grow at a constant rate.
First, stock value can be determined by the formula;
Stock value = Dividend per share ÷ (Required rate - Dividend growth rate)
Substituting the values;
P(5) = 4.55 ÷ (0.106 - 0.028)
P(5) = 4.55 ÷ 0.078
P(5) = 58.33
As the new gadgets company will pay dividends in 6 years, we can calculate the price of the stock today as follows;
P(0) = 58.33 / (1 + 0.106)^5
P(0) = 58.33 / (1.106)^5
P(0) = 35.25
Therefore; the price of the stock today is $35.25.
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a circus’s goal of redesigning the circus experience is being completed through the coordination of many marketing activities, such as value pricing, a product that includes exciting performances, tent venue locations, and promotion. these activities make up the for the circuses. a. value of marketing b. marketing environment c. target market d. marketing mix
Given the information provided above, the business operations described make up the "marketing mix" of the circuses. (Option D).
What is Marketing Mix?The word "marketing mix" refers to a business foundation model that has historically been built on product, price, place, and promotion. The marketing mix is defined as "the set of marketing instruments used by the organization to pursue its marketing objectives in the target market."
The marketing mix is a method for examining the many aspects of promoting a brand and its products. It provides general rules for putting the right things in the right place, at the right time, and at the appropriate price.
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budgeting is used by management to ensure that activities of all departments work toward the company's overall goals. this aspect of budgeting is called:
Budgeting is used by management to ensure that activities of all departments, this aspect of budgeting is called coordination .
What's coordination in budgeting?
Coordination involves carrying and organizing the demanded labor force, outfit, and accoutrements to carry out the business. A budget aids in coordination between separate exertion units to insure that all corridor of the company are in balance with each other and know how they fit in.
What's budgeting according to management ?
Budgeting is the process of designing, enforcing and operating budgets. It's the directorial process of budget planning and medication, popular control and the affiliated procedures. Budgeting is the loftiest position of account in terms of future which indicates a definite course of action and not simply reporting.
What's the budgeting process of a company?The budgeting process lets an association plan and prepare its budgets for a set period. It involves reviewing once budgets, relating and vaticinating profit for the coming period, and assigning quantities to spend on a company's colorful costs.
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Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
No, dell will not be responsible for the damage to the computer because the title transfers to the buyer once the good is delivered to a common carrier.
The parent company of Dell Technologies, which owns Dell, is an American technology firm that creates, markets, fixes and supports computers and related goods and services. A person or business that delivers people or things for a fee and declares that their service is accessible to the general public is known as a common carrier. Common carriers include, for instance, shipowners, railroads, airlines, taxi services, etc.
Since common carriers offer vital public services, they may be subject to stricter state and federal laws as well as increased government oversight. In general, a common carrier is one that, absent compelling reasons to the contrary, must offer its services to anybody willing to pay its rates.
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Increasing the amount of credit that is available within an economy is done through monetary policy. the potential to cause inflation is accompanied by monetary policy. a(n) monetary policy can cause interest rates to increase.
Increasing the amount of credit available in the economy is done through expansionary monetary policy. The potential to cause inflation is accompanied by expansionary monetary policy.
Contractionary monetary policy can cause interest rates to rise. Fiscal policy, also known as monetary policy, is the use of government spending and taxes to influence macroeconomic factors such as: inflation aggregate demand (AD) labor within a country. Different types There are two types of monetary policy in the economy which are as follows: Monetary policy which is expansionary. Monetary policy is tightening. Finally, a government can use expansionary monetary policy to increase the amount of credit available in its country's economy.Increasing the amount of credit that is available within an economy is done through an expansionary monetary policy. The potential to cause inflation is accompanied by an expansionary monetary policy.
A contractionary monetary policy can cause interest rates to increase.A fiscal policy, also known as monetary policy, is the use of govt spending and taxation to affect macroeconomic factors like:Inflation of Aggregate Demand (AD)Working within a country.The various types of monetary policy.In Economics, there are two types of monetary policy, which are as follows:Monetary policy that is expansionary.Monetary policy is being tightened.Finally, the government can use an expansionary monetary policy to boost the amount of credit available in its country's economy.
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abc company produces high-end electric race cars primarily for the use in the world rally championship. their main focus is on research and development (r
The ABC Company makes premium electric race cars that are mostly used in the world rally championship. their primary emphasis is on differentiation strategy for research and development.
A strategy used to accomplish a long-term or general goal "The skill of organising and controlling all military actions and movements in a conflict or battle" A strategy describes the long-term objectives of a company and how it intends to achieve them. In other words, it demonstrates the route to take in order to realise the stated goal. A tactic is a precise action that is used to accomplish a goal in accordance with a strategy. Development is a process that results in expansion, advancement, constructive change, or the addition of elements that are physical, economic, environmental, social, and demographic. All development must receive approval, however since each development has a varied level of influence, they are divided into 3 categories. Complying, Merit, and Non-Complying are the three categories of developments.
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Government intervention is one possible solution for market failure. What is one possible reason why a government-controlled used car market may not provide an efficient outcome?.
Government actors may have their own incentives that might not align with market efficiency is one possible reason why a government-controlled used car market may not provide an efficient outcome
The efficient-market hypothesis (EMH) is a speculation in monetary economics that states that asset expenses mirror all available facts. A right-away implication is that it's far not possible to "beat the marketplace" continually on a chance-adjusted basis considering the fact that market charges need to handiest react to new statistics. Because the EMH is formulated in terms of danger adjustment, it handiest makes testable predictions while coupled with a particular version of hazard. As a result, research in monetary economics considering at least the Nineties has targeted market anomalies, this is, deviations from particular models of chance. The concept that financial market returns are difficult to are expecting goes lower back to Bachelier, Mandelbrot, and Samuelson, however, is carefully associated with Eugene Fama, in component because of his influential 1970 evaluation of the theoretical and empirical studies.
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When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called trade.
When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called free trade.
In the field of business, such a kind of trade in between two countries that require low or no taxes at all is referred to as free trade. Free trade is considered beneficial if the status of the market of a country is to be enhanced. Foreign companies will be more interested to sell products in a country where there are no quotas, taxes or other restrictions so that they can benefit to the maximum level from such a trade.
Free trade is a policy by the government of a country to allow import as well as export without any restrictions. The local businessman of a country benefits from such a kind of trade as they do not have to pay taxes.
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Compose a letter to the owner or manager of a business that you believe has a low level of customer service. Describe the reasons for your beliefs and explain how relationship marketing and employee empowerment might help the business
GIVE BRAINLIEST TO BEST LETTER
Your ability to provide excellent customer service will help you increase sales, foster brand awareness, win over consumers' loyalty, and develop trust.
How can managers make sure that their workforce continues to offer consumers high-quality service?
Promote attentive listening Everyone wants to believe that they are being helped and that someone actually cares about their issue. Another suggestion is to have staff members tell customers what they heard when they are addressing a problem. This gives the client the opportunity to elaborate on the topic at hand and makes them feel heard.
Why do you believe a business may need to focus so much on providing exceptional customer service?
The difference between a successful IPO and simply keeping the lights on can be significant. Excellent customer service can lead to increased opportunities for marketing and sales. Therefore, maintaining client happiness is essential to your company's continued success.
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at the beginning of the year, a company estimates total overhead costs of $1,120,000. the company applies overhead using machine hours and estimates that it will use 2,800 machine hours during the year. what amount of overhead should be applied to a job that uses 25 machine hours that year?
A project that requires 25 machine hours in a year should have overhead of $10,000 added to it.
Machine hrs rate = Total overhead cost/ total Machine hrs
= $1,120,000/2,800 hrs
= 400 per hr
Overhead applied for Job = Machine hrs rate* Machine hrs used
= 400*25
=$10,000
The recurring costs of a firm that aren't specifically related to providing a machine hours good or service are referred to as overhead. The amount that a business needs charge for its goods or services in order to turn a profit is crucial overhead information for planning as well as pricing considerations. In a nutshell, overhead is any expense that is machine hours incurred to maintain the business but is not directly connected to a particular good or service.
Regardless of how much or how little a firm sells, overhead must be paid on a regular basis. For instance, a service-based company overhead with an office overhead has overhead costs in addition to direct expenditures (like labor and supplies) for providing its service, such as rent, utilities, and insurance.
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which of the following statements about supply chain management is true? a. it has emerged as a significant source of competitive advantage. b. it is a means to bring up the standard of living of many people all over the world. c. we have made most of the gains we can make in scm globally. d. both a and b
The statements about supply chain management which is true are
it is a means to bring up the standard of living of many people all over the world.it has emerged as a significant source of competitive advantage.What is supply chain management?Supply chain management (SCM) is the process of streamlining a product's production, logistics, and delivery to the end user from the sourcing of raw materials through to the end.
The network of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the transfer of raw materials from the supplier to the producer to the final distribution to the customer.
The technique of coordinating the many tasks required to create and distribute goods and services to a company's clients is known as supply chain management. The following are some examples of supply chain activities: designing, farming, manufacturing, packaging, and shipping.
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a data analyst is using data from a short time period to solve a problem related to someone’s day-to-day decisions. they are most likely working with small data.
TRUE, A data analyst is using data from a short time period to solve a problem related to someone’s day-to-day decisions.
In order to answer a problem involving a person's daily decisions, a data analyst uses data from a brief time period. Most likely, they are dealing with tiny data.
A choice that you make about something after thinking about several possibilities: She has had to make some very difficult decisions. The company will reach/come to/make a decision shortly.
An analyst is someone who collects data, examines it, and then draws conclusions based on what they discover. They search for patterns in the data and use what they discover to inform important decisions and adjustments. In many different industries, analysts seek to increase productivity and aid in strategic decision-making.
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Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
Dell is not responsible for the damage to the computer because title transfers to the buyer once the good is delivered to a common carrier.
As of FY20, FedEx Corp. (FDX) sent packages to more than 220 nations and territories worldwide every working day.
The two businesses have each identified a distinct market niche for their own business models, with FedEx specializing in time-sensitive express service and UPS focused on small package delivery.Regarding retail, FedEx Offices are corporate-owned and typically occupy sizable spaces that closely resemble huge offices. FedEx Office offers high-end tools like laser printers, digital picture kiosks, and PC access with an image scanner and Adobe design software. FedEx primarily draws corporate and retail clients who value and can afford the kind of express services provided.Learn more about FedEx, here
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if the fomc wished to generate faster economic growth, they could issue a policy directive to the federal reserve board trading desk to purchase u.s. government securities.
True: If the FOMC wished to generate faster economic growth, they could issue a policy instructed to the federal reserve board trading platform to purchase U.S. government security.
What is Economic growth?
A rise in the output of products and services over a given time period is referred to as economic growth. The calculation needs to account for inflation. A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies. Consequently, stock prices increase. This provides businesses with money to expand and recruit more workers. The number of jobs added increases income. More purchases are made because consumers have more money to spend on more goods and services. All nations seek healthy economic growth for this reason.
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Which type of power steering system uses a belt to transfer mechanical
energy from the engine to the power steering pump?
A) HPAS
B) EPAS
C) Both A and B
D) Neither A nor B
The type of power steering system that uses a belt to transfer mechanical energy from the engine to the power steering pump is the A) HPAS.
What is Hydraulic Power Steering?Hydraulic Power Steering can be described as the engine-driven accessory drive which is been turned on by the activities of the engine and help to turns on the pump .
It should be noted that there is directs high-pressure power steering fluid with the control valve, however among the given options, the Hydraulic Power Steering do utilize the effect of the mechanical energy from the engine and the output of it.
Therefore, option A is correct.
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HPAS power steering system uses a belt to transfer mechanical energy from the engine to the power steering pump. Thus, option A is correct.
What is power steering?Power steering shows the change in vehicle power. It is concerned with the vehicles that are present at the front. This helps in easily changing the direction of the vehicle.
The hydraulic power steering system minimizes the work needed to spin an automobile wheel by adding a particular degree of force toward the impact load. This helps in easy control and navigation of the vehicle.
Therefore, option A is the correct option.
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a japanese company has a bond outstanding that sells for 94 percent of its ¥100,000 par value. the bond has a coupon rate of 6.1 percent paid annually and matures in 17 years. what is the yield to maturity of this bond?
6.7% is the yield to maturity of this bond. As a japanese company has a bond outstanding that sells for 94 percent of its ¥100,000 par value.
What is bond outstanding?"Outstanding Bonds" refers to any previously issued bonds that are still regarded as outstanding under the Indenture as of the first interest and/or principal payment date following the current Fiscal Year.
To get the bond's value, add the present value of the interest payments and the present value of the principal you will receive at maturity. To figure out the present value of your interest payments, you compute the value of a series of equal payments made over time.
Thus, it is 6.7%.
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What decision support strategy uses a technique based on searching based on logical proximity by identifying other data with characteristics that are common to a new item being analyzed?.
Data mining is a decision support strategy uses a technique based on searching based on logical proximity by identifying other data with characteristics that are common to a new item being analyzed.
Data mining is the process of predicting outcomes by identifying anomalies, patterns, and correlations in large data sets. Users can use this data to boost revenues, reduce expenses, enhance customer relationships, reduce risks, and do other things. Companies can learn more about their clients by using software to search for patterns in large amounts of data. This allows them to develop more successful marketing strategies, increase sales, and reduce costs.
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why is separating the impact of analytics from that of other computerized systems a difficult task? the trend is toward integrating systems. it is not an organizational priority. businesses do not typically track the sources of successful projects. software tools are not sophisticated enough.
Separating the impact of analytics from that of other computerized systems is a difficult task because the trend is toward integrating systems.
Computerized system validation can be described as the process of testing or qualifying or validating a regulated computerized system to ensure that it does exactly what it is designed to do in a consistent and reproducible manner that is as safe, reliable as paper records, and secure.
Computerized systems are includes software, hardware, operating system software, application software, supporting documentation, e.g. automated laboratory systems, control systems, manufacturing, clinical, or compliance monitoring database systems, etc.
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define telecommuting. give two advantages for the employer and two advantages for the employee. give two problems associated with telecommuting. 2. what does the electronic communications privacy act (ecpa) cover? why does it make specific exceptions for business systems? 3. give two arguments for and two arguments against electronic employee monitoring.
Employee morale ultimately improves as a result of telecommuting's flexibility, healthy work-life balance, and other advantages.
What are the benefits and drawbacks of working remotely for an employee?
Communication is hampered because the employee interacts less personally with bosses and coworkers. Managers may find it more challenging to oversee a remote worker. The employee might have more distractions at home, which would lower productivity. Working with colleagues had a social component that you could miss.
What are the drawbacks of working remotely for employees?
professional isolation. Employee exclusion may result from a poor or absent working environment. Employees may experience emotional isolation if they are unable to interact with coworkers or share a common area.
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What most accurately describes the difference between diminishing returns and diseconomies of scale?.
Diseconomies - As the use of a factor increases in production while other factors remain constant, a declining return on that factor implies a declining marginal product.
What is diseconomies?
Diseconomies of scale are the financial disadvantages which economic actors experience as a result of growing their organisational size or their output, which leads to higher production costs per unit of goods and services. Economies of scale are opposed by the idea of diseconomies of scale. Diseconomies of scale are the characteristics of a business that cause average costs to rise as it expands past a certain size. All workers at a company should ideally communicate directly with one another so that they are fully aware of what the other employees are doing. There is no need for inter-employee communication in a company with just one employee. A two-person business needs a single line of communication that runs between the two employees.
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During the implementation of a new checkout system, target initially replaced only half of the old check out stations in each store while leaving the other half the same so bugs could be worked out and training could be completed on the new stations. After testing and training, target phased out the remaining old stations. This approach is called _________ conversion.
During the implementation of a new testing system, target initially replaced only half of the old check out stations in each store while leaving the other half the same so bugs could be worked out and training could be completed on the new stations.
Software testing out is the act of inspecting the artifacts and the behavior of the software beneath check by validation and verification. software testing also can provide an goal, unbiased view of the software to permit the business to realize and apprehend the risks of software implementation.
In wellknown, testing is locating out how well some thing works. In terms of human beings, checking out tells what level of information or skill has been obtained. In laptop hardware and software development, testing is used at key checkpoints inside the average system to determine whether goals are being met.
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often presented visually on an executive dashboard, what type of report focuses attention on business processes whose performance falls outside of the tolerance ranges defined a kpi metric? question 41 options: 1) annual 2) exception 3) batch 4) drill-down 5) ad hoc
The exception report focuses attention on business processes whose performance falls outside of the tolerance ranges defined by a KPI metric.
The answer is option 2.
Financial KPIs (key performance indicators) are metrics companies use to the song, measure, and analyze the economic health of the company. Those economic KPIs fall below a spread of categories, consisting of profitability, liquidity, solvency, performance, and valuation.
Types of KPIs include Quantitative signs that can be presented with a variety of. Qualitative signs that can't be offered as a variety of. main signs that could predict the final results of a system.
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under the full faith and credit clause, any judicial decision in one state with respect to contract rights will be honored and enforced in all states.
Under the full faith and credit clause, any judicial decision in one state with respect to contract rights will be honored and enforced in all states: True.
What is the full faith and credit clause?The Full Faith and Credit Clause is derived from Article IV, Section I of the United States Constitution and it affirms the rule that every states within the United States of America have to respect (honored) and enforce the following:
Public actsRecordsJudicial proceedings and decision.Contract rightsIn this context, we can reasonably infer and logically deduce that the Full Faith and Credit Clause ascertains that the judicial proceedings and decision in any state within the United States of America must be honored and enforced in all other states, barring exceptional circumstances.
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Complete Question:
Under the full faith and credit clause, any judicial decision in one state with respect to contract rights will be honored and enforced in all states. True or False.