Edutailing is the term used to describe the new service distribution channel which combines retail and entertainment elements
a. True
b. False

Answers

Answer 1
A. true.
It was true on my quiz I believe
Answer 2

Edutailing is the term used to describe the new service distribution channel which combines retail and entertainment elements is the false statement.

What is distribution channel?

A distribution channel is a path through which a product or service can reach its intended audience. A direct distribution channel is one through which a corporation sells to customers directly, either online or in person.

Thus the statement is false.

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Related Questions

Underline any pronoun–antecedent errors in the following sentences. Then write a corrected form in the space provided.
Every clerk, every manager, and every executive will be expected to do their part in making the carpooling program a success. __________

Answers

Original sentence: Every clerk, every manager, and every executive will be expected to do their part in making the carpooling program a success. The pronoun-antecedent error in the sentence is the use of "their" as the pronoun. Since "every clerk, every manager, and every executive" are singular, the pronoun should also be singular.


Corrected sentence: Every clerk, every manager, and every executive will be expected to do his or her part in making the carpooling program a success.In this corrected sentence, the singular pronouns "his or her" are used to maintain agreement with the singular antecedents (clerk, manager, executive).

This ensures that the sentence is grammatically accurate, while still conveying the intended meaning that each individual within the organization is expected to contribute to the success of the carpooling program.

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Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges

Answers

Answer:

1,2 & 5

Explanation:

Answer:

1, 2, 5

Explanation:

edge 2021

The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?

Answers

Answer:

$6,825.00

Explanation:

50x$130=$6,500.00

$6,500 × 5% = $325.00

$325.+$6,500=6,825.00

Estimates of U.S. job gains and losses due to free trade agreements

A) show no change in jobs.

B) show clear gains in the number of jobs.

C) show clear losses in the number of jobs.

D) show mixed results, leading to no clear conclusion. to trade, and give specific examples of how imports may create jobs and exports may occur after a loss of jobs.

Answers

Estimates of U.S. job gains and losses due to free trade agreements generally show mixed results, leading to no clear conclusion.  to trade, and give specific examples of how imports may create jobs and exports may occur after a loss of jobs.The correct answer is option d.

The impact of free trade agreements on employment is a complex issue with various factors at play.

While some studies suggest that free trade agreements can lead to job gains in certain industries, others indicate that there can be job losses in specific sectors. The overall effect on employment depends on factors such as the industries involved, the competitiveness of domestic industries, changes in global market dynamics, and government policies.

It's important to note that the overall impact of free trade agreements on employment is a complex and multifaceted issue, and the specific outcomes can vary depending on numerous factors. It is not accurate to make a blanket statement that free trade agreements always result in clear gains or losses in the number of jobs (options B and C).

The correct answer is option d.

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Nominal GDP for a given year refers to: e) a) The amount (quantities) of final goods and services produced by a nation in that given year. b) The monetary value of only the c) intermediate goods and services produced by a nation in that given year. The monetary value of only the final goods and services produced by a nation in a given year which are purchased by households. d) The monetary value of the final goods and services produced by a nation in a given year, with value determined by market prices in that given year. e) None of the above. Question 18: Real GDP refers to: a) The monetary value of the final goods and services produced by a nation in a given year, with value determined by market prices in that given year. b) The monetary value of only the intermediate goods and services produced by a nation in that given year. c) The monetary value of only the final goods and services produced by a nation in a given year which are purchased by households. d) The amount (quantities) of final goods and services produced by a nation in that given year. None of the above.

Answers

Nominal GDP for a given year refers to the monetary value of the final goods and services produced by a nation in a given year, with value determined by market prices in that given year.

Real GDP refers to the amount (quantities) of final goods and services produced by a nation in that given year. Gross Domestic Product (GDP) is the monetary value of all final goods and services produced within a country's borders in a given period of time. It is one of the most common ways to measure the size of an economy. The market value of all goods and services produced in a country over a specific period, such as a quarter or a year, is the nominal GDP.Real GDPReal Gross Domestic Product (Real GDP) is an inflation-adjusted measure of a country's economic output. Real GDP is a more suitable measure for assessing economic growth than nominal GDP because it takes into account the effects of inflation on the economy, whereas nominal GDP does not. It is the measure of the total value of all the goods and services that an economy produces in a specific period, adjusted for price changes.

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HELP FAST WILL GIVE BRAINLEIST
What is a difference between a flexible spending account (FSA) and a health savings account (HSA)?

Employees must be enrolled in high deductible health plans to open FSA accounts.

Employees can only use HSA funds for medical expenses.

FSA funds must be used within the plan year or they will expire.

HSA accounts are typically funded by employers.

Answers

Answer:

The fundamental difference between a flexible spending account (FSA) and a health savings account (HSA) is that an HSA is controlled by an individual and allows commitments to roll over, whereas FSAs are less adaptable and must be claimed by a company.

Explanation:

This means that if you leave your work, the funds in your FSA may be forfeited, whereas the assets in your HSA are entirely yours (and rollover into another HSA account). FSAs and HSAs both allow people to save money away for medical expenses on a tax-advantaged basis by paying for eligible medical expenses with pretax money.

An HSA is owned by an individual and permits commitments to roll over, whereas an FSA is less adaptable and must be claimed by a firm. This is the key distinction between the two types of accounts.

What is account?

A financial account, specifically one that deals with financial assets, is a part of a nation's balance of payments that covers claims on or liabilities to nonresidents in macroeconomics.

Direct investment, portfolio investment, and sector-specific reserve assets are among the elements of a financial account.

Claims made by nonresidents on the financial assets of residents are classified as liabilities in a country's balance of payments, whereas claims made by residents against nonresidents are classified as assets.

The capital account documents transfers of capital assets, but the financial account does not. The amount of production, the rate of savings, or the total revenue of a nation are unaffected by transactions in the capital account.

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What does the term withholding mean in reference to your paycheck?.

Answers

Answer:

Withholding is a portion of an employees paycheck that is withheld and redirected to state and federal government.  Withholding reduces the amount of tax employees must pay when they submit their annual tax returns.

Explanation:

Sooo, I have this assignment in Family and fiance. I don't know where to find the materials to answer this question though. This is the question, of a few at hand.

"Why might a person assume that Ms. White would be doing well financially? Provide a quote from the interview that supports your conclusion in the answer. "

Any help would be appriacted, Thanks.

Answers

Given that Ms. White has a Harvard MBA, a Hopkins master's in international studies, attended Oberlin for her undergraduate studies, and formerly worked for the World Bank, one may presume that she is financially well.

Who was Ms White ?

The comment from the interview that corroborates my thesis is when she was questioned about both her financial situation and her value.

The fact that Ms. White is a well-known figure in the financial industry may lead some people to believe that she is wealthy as a result of her excellent work at the World

She earned a master's degree in international studies from Harvard Business School, and while an undergraduate at Oberlin, she excelled academically and worked for the World Bank.

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What are the limitations of using immunochromatography?
what are the limitations of using latex agglutination?

Answers

Immunochromatography and latex agglutination have limitations in sensitivity, specificity, and quantitative measurements. Careful consideration and exploration of alternatives are important.

1. Limitations of using immunochromatography:

a. Sensitivity: Immunochromatography tests may have limitations in terms of sensitivity, especially when compared to more advanced laboratory-based methods. This can result in false-negative results, where the test fails to detect the target analyte even if it is present at low levels.

b. Specificity: While immunochromatography tests are designed to be specific to the target analyte, there is a possibility of cross-reactivity or interference with other similar substances. This can lead to false-positive results or inaccurate interpretation of the test.

c. Quantitative measurement: Immunochromatography tests are generally qualitative or semi-quantitative, providing a visual indication of the presence or absence of a target analyte. However, they may not offer precise quantitative measurements, which can be a limitation in certain applications requiring precise quantification.

d. Limited multiplexing capability: Immunochromatography tests are often designed for the detection of a single target analyte or a limited number of analytes. Compared to laboratory-based techniques, they may have limited capacity for multiplexing, i.e., simultaneous detection of multiple analytes in a single test.

2. Limitations of using latex agglutination:

a. Sensitivity: Similar to immunochromatography, latex agglutination tests may have limitations in sensitivity. They may not be as sensitive as more advanced techniques, leading to potential false-negative results.

b. Specificity: Latex agglutination tests can be subject to cross-reactivity or interference, resulting in false-positive or false-negative results due to nonspecific interactions between the latex particles and other substances.

c. Subjectivity: Interpretation of latex agglutination tests can be subjective and dependent on the observer. The presence or absence of agglutination can be open to interpretation, which may introduce variability and potential for errors.

d. Limited quantitative information: Similar to immunochromatography, latex agglutination tests generally provide qualitative or semi-quantitative results rather than precise quantitative measurements. This can be a limitation in situations where precise quantification is required.

It's important to note that the limitations mentioned above are not inherent to immunochromatography or latex agglutination as a whole but represent common challenges associated with these techniques. Advancements and modifications in the design and methodology can help overcome some of these limitations in specific applications.

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Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?

Answers

Answer:

1. Suppose Quantity of Apple sold in year one & two =  100Kg.

Price in year 1 = $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price * Quantity = 1.50*100 = $150

Nominal GDP year 2 = 3*100 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1 = Nominal GDP of year 1 = $150

Real GDP of year 2 = 1.50*100 = $150

Change in Real GDP = 0%

2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units

a. Nominal GDP year 1 = 1*100+1.5*100 = $250

Nominal GDP year 2 = 2*100+3*100 = $500

Percentage change in Nominal GDP = 500-250/500 * 100 = 100%

b. Real GDP year 1 = $250

Real GDP year 2 = 1*100 + 1.5*100 = $250

Percentage change in Real GDP = 0%

The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.

Percentage change in nominal GDP

1. Price in year 1

Price in year 1= $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price ×Quantity

Nominal GDP 1 = 1.50×100

Nominal GDP 1  = $150

Nominal GDP year 2 = 3×100

Nominal GDP year 2 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1

Real GDP of year 2 = 1.50×100

Real GDP of year 2 = $150

Change in Real GDP = 0%

2a. Nominal GDP year 1

Nominal GDP year 1 = 1×100+1.5×100

Nominal GDP year 1  = $250

Nominal GDP year 2 = 2×100+3×100

Nominal GDP year 2= $500

Percentage change in Nominal GDP = 500-250/500 ×100

Percentage change in Nominal GDP = 100%

b. Real GDP year 1

Real GDP year 2 = 1×100 + 1.5×100

Real GDP year 2= $250

Percentage change in Real GDP = 0%

Inconclusion the percentage change in nominal GDP is 100%.

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Contribution Margin of Walls Corporation, Consumer division is Rs. 1900,000 and the fixed expenses is Rs. 2,200,000 per year. Company is considering to eliminate this consumer division. If the Consumer Division is eliminated, $1,700,000 of the above fixed expenses could be avoided. What will be the effect on Wall's profit next year if Consumer Division is eliminated?

Answers

Answer:

Walls Corporation

Consumer division

The effect on Wall's profit next year if Consumer Division is eliminated is

a reduction of the profit by $200,000.

Explanation:

a) Data and Calculations:

Contribution Margin =         $1,900,000

Fixed Expenses                    2,200,000

Avoidable fixed expenses  $1,700,000

Unavoidable fixed expense $500,000 ($2,200,000 - $1,700,000)

Reduction in profit:

Contribution Margin =         $1,900,000

Avoidable fixed expenses  $1,700,000

Reduction in profit =             $200,000

b) Unavoidable fixed expenses are the costs that Walls must incur if it wants to stay in business.  They cannot be eliminated even if Walls Corporation eliminates the Consumer division.  Rent is an example of the costs that Walls cannot avoid if it discontinues the operations of its Consumer division.  Most unavoidable fixed costs are not traceable to the division.

Ranstech sells its product for $200. marginal cost is a constant $160 per unit and fixed costs are $67,000. what is the breakeven quantity?

Answers

The Break-even point is the point where a firm neither gains nor losses. The breakdown quantity is 1725 units.

The break-even point is the number of additional units a company must sell to cover the cost of marketing programs and other types of investments, says Avery. If as a result of his investment he does not sell an amount equivalent, the company will suffer a loss and will not be able to recover its costs.

Break-even quantity = fixed cost / contribution per unit

Where contribution per unit = states per unit - variable cost per unit.

Now according to the problem, the marginal cost per unit is a constant $ 140 per unit. Go, it will converge to the variable cost per unit. ince, there is no change in the cost of production per additional unit, so the variable cost is the same as the marginal cost.

The fixed cost is 103500

Break-even quantity = fixed cost / contribution per unit

                                    = 103500/200 -140

                                    = 10350/ 60

                                    = 1725 units

And, the break-even revenue ig = $(1725 x 200) = $345000.

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Economists assume we are all making the most reasonable decisions with our resources, but how do you explain people paying $40,000 for a "Hermes Birkin Bag" or $2000 for "Kanye West's Sneakers"?

Answers

As not everybody can afford designer items, those who can, typically buy such items to increase their self-esteem, and/or view it as an accomplishment. Also, many will do so in a way to view themselves in a higher class than others.

Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offered to build a community park to balance out the negative impact the factory might cause. Which moral standard of social responsibility is the business observing?

Answers

Answer:

Corporate Citizen Moral Standard

Explanation:

The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.

A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because

Answers

A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.

What do you mean by gross pay?

Gross pay refers to the amount received by the employee without any tax deductions.

A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.

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FILL THE BLANK.
Mere possession of a billy club is a felony under the dangerous weapons control statutes. Any person who sells a BB gun to a person under ___ years old is guilty of a _____________.

Answers

The possession of a billy club is a felony under dangerous weapons control statutes, while selling a BB gun to a person under a 18 years of age age is considered a criminal offense.

Under dangerous weapons control statutes, the mere possession of a billy club is classified as a felony offense. A billy club is a type of weapon typically consisting of a heavy, often cylindrical object, such as a wooden stick or metal rod, used for self-defense or as a weapon. Possessing a billy club is illegal under these statutes, indicating the severity of the offense.

Additionally, the sale of a BB gun to a person below a certain age is considered a criminal act. A BB gun is an air-powered gun that shoots small metal or plastic pellets, commonly referred to as BBs.

The specific age threshold for the prohibition may vary depending on local laws and regulations. Selling a BB gun to someone below this age limit is regarded as a violation of the law, highlighting the need to regulate the sale and possession of such firearms, particularly in the context of minors.

These regulations aim to ensure public safety and prevent the misuse of potentially dangerous weapons. By criminalizing the possession of billy clubs and regulating the sale of BB guns to minors, the statutes serve as measures to mitigate the risks associated with the possession and use of such items.

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Which of the following statements is true?
A. There is no single, global legal system in the world today.
B. Common law always includes codified and statutory laws.
C. Labor unions are illegal in throughout Brazil and the U.S.
D. Chinese courts are independent of government.
SUBMIT

Answers

A. There is no single, global legal system in the world today.

Correct option should be A, however there is a slight chance B is correct But I am 90% sure it is A

The answer is A: There is no single, global legal system in the world today.

There are generally regarded to be 5 legal systems in the world today: civil law, common law, customary law, religious law, and mixed legal systems.

HELP ILL GIVE A CROWN TO WHOEVER IS RIGHT BUT PLZ HeLP

Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option.
Monthly Budget

Budget A
Budget B
Budget C
Budget D
Income
$1,500
$1,500
$1,200
$1,200
Expenses-
Rent
Utilities
Food
Bus Pass
Savings

$600
$100
$150

$25
$250

$600
$100
$550

$25
$250

$600
$100
$250

$25
$250

$600
$100
$150

$25
$250

a.
Budget A
b.
Budget B
c.
Budget C
d.
Budget D



Please select the best answer from the choices provided


A
B
C
D

Answers

Answer:

um look and ctrl C my link and it have the answer

Explanation:

um that should also give ur answer too

https://quizlet.com/68451633/personal-finance-flash-cards/

Answer:

The answer is Budget D

Explanation:

Managerial accountants:

a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.

b. negotiate contracts with suppliers

c. create financial reports and provide other types of accounting information to investors.

d. provide managers within the organization with reports to make good business decisions.

Answers

Managerial accountants provide managers within the organization with reports to make good business decisions.

Who are Managerial accountants?

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

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Which is not a recognized sector of the U.S. economy?

public sector
social sector
self-interest sector
private sector

Answers

Self interest sector

Hailey works in a spa. today, there was a sale on a particular color of nail polish. twenty customers came in asking for the nail polish. which qualification helped hailey make it through the day without getting frustrated? a. patience for performing a repetitive task b. specialized skill at manicures c. socialization skillsd. knowledge of current trends

Answers

Boredom is a common side effect of repetitive work, and boredom can lead to blunders. Challenge yourself to do the task more quickly to change your routine. The time passes more quickly as a result, and you typically do more. Have a cheerful attitude and refrain from concentrating on the drawbacks of repetitious duties at work.

It can be irritating and exhausting to keep doing the same labor or task if twenty people come in asking for the same kind of shine. However, she did require patience when performing repetitious tasks because doing so helped keep her sane.

So, option a. is the correct answer that is patience for performing a repetitive task.

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what three subjects is the financial manager concerned with?

Answers

A financial manager is typically concerned with three main subjects: financial planning and analysis, investment management, and financial risk management.

What is the difference between them?

Financial planning and analysis involve creating long-term financial plans and budgets and analyzing the financial performance of the organization. This includes forecasting future revenues and expenses and identifying areas where the organization can cut costs or increase revenue.

Investment management involves making decisions about how to invest the organization's money, such as in stocks, bonds, real estate, or other assets. This includes assessing the potential returns and risks of different investments and making decisions about how much to invest in each.

Financial risk management involves identifying, assessing, and mitigating financial risks that the organization may face. This includes assessing the potential impact of various risks, such as market risk, credit risk, and operational risk, and implementing strategies to minimize or manage those risks. This can include things like hedging, diversifying investments, or purchasing insurance.

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2. What do you think Alana's goals should be?








Answers

I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.

What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good education

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from an economic standpoint, ______ includes all natural resources used in the production process.

Answers

Land encompasses all natural resources needed in the industrial process from an economic perspective.

All natural resources employed in production are referred to as "land" in economics. Land, labour, and capital are the three production components in conventional economics. The fee paid for a piece of land is known as rent. Like land, its definition has changed through time to include payment for any sustainable basis with a largely consistent supply. When used in a business setting, the term "land" can refer to real estate or other property that is isolated from buildings and other structures by clear spatial boundaries. Anyone who owns land may have access to any natural resources that are found within its boundaries.

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true or false: organizations are increasingly relying on artificial intelligence to help make hiring decisions.

Answers

Organizations are increasingly relying on artificial intelligence to help make hiring decisions. The statement is True.

Artificial intelligence (AI) is a field of computer science that focuses on the development of intelligent machines that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.

In recent years, many organizations have started using AI-powered tools to streamline and automate their recruitment and hiring processes.

These tools can help organizations to sift through large volumes of resumes, identify top candidates, and even conduct initial interviews using natural language processing (NLP) and machine learning algorithms.

However, the use of AI in hiring also raises some concerns, such as the potential for bias and the need for transparency in the decision-making process.

While AI can be a valuable tool in the hiring process, it should be used in conjunction with other methods, such as human oversight and evaluation, to ensure fair and effective hiring practices.

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When there are major changes in strategy, senior management, business structure, or operations, evaluations of controls is usually performed by a directors b. supervisors c. management d. internal auditors

Answers

When there are major changes in strategy, senior management, business structure, or operations, evaluations of controls are usually performed by D) internal auditors.

Internal auditors are responsible for evaluating and assessing the effectiveness of an organization's internal controls, including those related to changes in strategy, senior management, business structure, or operations.

They can provide independent and objective assessments of the organization's risks and controls, identify potential areas of weakness, and make recommendations for improvements.

In addition, they can provide assurance to senior management and the board of directors that the organization's internal controls are effective and operating as intended.

While supervisors and management may also be involved in evaluating controls, internal auditors are specifically trained and dedicated to this function, making them the most appropriate choice for this task.

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How do job seekers use the bureau of labor statistics occupational outlook handbook

Answers

Answer:

They explore general information about many types of jobs.

Explanation:

Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.

What is the Bureau of labor statistics?

A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.

The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.

This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.

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When a company maintains its price but removes or prices separately one or more elements that were part of the former offer, such as free delivery or installation, it is known as ________. A. escalating B. differentiation C. reverse discounting D. delayed quotation pricing E. unbundling

Answers

The name which is given to the process when a company maintains its price but removes or prices separately is known as E. unbundling

What is Price?

This refers to the attached value which is given to a good or service that is exchanged for that particular value.

Hence, we can see that when a company removes freebies such as free delivery or installation but maintains its price is known as unbundling and is a market activity.

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Profit as calculated from the profit equation can be challenging to predict because the ________ varies with the chosen price, and can also impact the variable costs through production efficiencies.

Answers

Demand for goods varies, profit as calculated from the profit equation can be challenging to predict because the quantity demanded varies with the chosen price, and can also impact the.

What is profits?

Profit is the amount of money that is realized after a business transaction have been done.

The profits is the money left for the owner of the business for spending without necessarily affecting the business.

Therefore, profit as calculated from the profit equation can be challenging to predict because the quantity demanded varies with the chosen price, and can also impact the.

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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter

Answers

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

What is the APR interest rate?

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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