The technique where we designate locations in our signing space for multiple concepts (places, people, or objects) is called the technique of mapping.
The technique of mapping in sign language is a visual approach that involves using space to communicate certain messages. This technique has been proven to be a powerful tool for deaf and hard of hearing individuals. It enables them to communicate more efficiently while using fewer words. This technique uses locations in signing space for multiple concepts such as people, objects, or places.
The technique of mapping works by enabling deaf and hard of hearing individuals to use their signing space effectively. This technique works by using spatial relationships to help communicate messages. For instance, a sign language user may use a particular location in their signing space to indicate their home, another location to indicate their work, and another to indicate a favorite restaurant. This technique allows a person to refer to these locations in the future without having to use words to describe them. By designating specific locations in signing space for different concepts, a sign language user can streamline their communication and make it more efficient.
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You are offered a trend report for purchase at $500. Last year you overbought T-shirts by 300 units at $5 each and had to donate them. If the trend report eliminates this overbuy, is it worth the price?
If the purchase of the trend report will eliminate the overbuy, it is worth the price.
The overbuy cost the company $1,500 last year. The cost of the trend report is $500. Though, the cost of under-supply could help in making better decisions.
Data and Calculations:
Cost of trend report = $500
Cost of T-shirts overbought = $1,500 (300 x $5)
Thus, if using the trend report eliminates the overbuy, it is certainly worth it.
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Answer: Yes. It is worth it
Explanation:
what are the two main sources of income for the federal
Answer:
The two main sources of revenue for the federal government are personal income taxes and social insurance taxes.
Answer:
Taxes and
Explanation:
When choosing where to invest your savings, you should consider: a. minimum length of investment. c. minimum investment amount. b. safety of the investment. d. all of the above factors. Please select the best answer from the choices provided A B C D
When choosing where to invest your savings, it is important to consider various factors such as the minimum length of investment, minimum investment amount, and the safety of the investment. Option D is correct.
The minimum length of investment refers to the period you are willing to commit your money to an investment before being able to access it again. Some investments may have specific lock-in periods or penalties for early withdrawal.
The minimum investment amount is the minimum sum of money required to invest in a particular investment option. Different investments have varying minimum investment requirements, and it is essential to consider if the investment aligns with your available funds.
The safety of the investment refers to the level of risk associated with it. Evaluating the safety involves assessing factors like the stability of the investment, historical performance, risk of loss, and potential for returns.
Therefore, option D is correct.
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what is meant by business objectives
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Is competition good for business?
Is it good for consumers?
Answer:
yes and yes
Explanation:
How many hours of higher education are required to become a certified
public accountant?
A. 190
B. 200
C. 120
D. 150
Answer:
150
Automotive batteries are an example of which hazard class?
poisonous or toxic materials oxidizers
flammable solids
corrosive materials
Automotive batteries can be regarded as example of corrosive materials.
What is a Miscellaneous Hazardous Material?Miscellaneous Hazardous Material serves as those materials can bring harm or even death to people, this materials can bring discomfort to the workers.
However , Automotive batteries can be seen as Miscellaneous Hazardous Material which has anesthetic as well as noxious elements and it is extremely dangerous.
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What step in the investigative process would the development of timelines and interpretation of burn patterns be related to?
Answer:
Data Analysis
Explanation:
During a fire outbreak which could be accidental or incidental, information is first collected both from witnesses and observation. After this, timelines are developed in a bid to develop inductive reasoning as to the patterns in the timing of the fire outbreak. Burn patterns are also analyzed to provide an indication as to the origin and cause of the fire.
It is important that the timelines and patterns being analyzed are based on facts that are verifiable and not speculations. This is important because working with incorrect information would lead to the development of the wrong hypothesis.
6. Ms. Tint of New York City recently sued Mr. Bloom, also of New York
City. She claimed that he had run into and injured her while he was
jogging. She asked for $50,000 in damages. When she filed her suit in
federal district court, Mr. Bloom's attorney immediately objected on two
grounds. What were they?
which of the following factors are managers likely to consider when forecasting patient volume? question 7 options: a) past trends in volume b) population growth c) the competitive environment d) answers a. and b. are both correct e) answers a., b., and c. are all correct
The factors that are managers likely to consider when forecasting patient volume option (d) Answers (a) and (b)
When forecasting patient volume, managers of healthcare organizations are likely to consider past trends in volume and population growth. By analyzing historical data on patient volume, managers can identify patterns and make predictions about future demand for services. Population growth is also a key factor to consider since it can impact the number of potential patients in a given area.
While the competitive environment could potentially affect patient volume, it is less likely to be a primary factor in forecasting patient volume. Overall, forecasting patient volume accurately is essential for healthcare organizations to allocate resources effectively and provide high-quality care to their patients.
Therefore, the correct option is (d) Answers (a) and (b)
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what's the difference between Utility and Marginal Unility?
Answer:
One is large the other is small
Explanation:
What is one big decision you have made in the last few months? How did you make that decision?
Answer:
Decided to setup my new pc. The urge of having something new is what made me do it.
Explanation:
100% :-)
Answer:decided to go into construction
Explanation:
If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus
Answer:
the answer is B
Explanation:
a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? 19 26 6 17
The correct earliest finish for task f is 26 weeks.
To determine the earliest finish for task f, we need to calculate the earliest start and finish times for each task. We can do this using the Critical Path Method (CPM).
First, we determine the earliest start time (EST) and earliest finish time (EFT) for task a. Since task a takes 8 weeks, EST for task a is week 1 and EFT is week 8.Next, we determine the EST and EFT for task b. Since task b takes 3 weeks and can be done concurrently with task a, EST for task b is also week 1 and EFT is week 3.Now, we move on to task c, which can only begin after task a is completed. Therefore, EST for task c is week 9 (EFT for task a) and EFT is week 15 (EST plus task duration of 7 weeks).
Task d requires both tasks a and b to be completed. Since both tasks a and b can be done concurrently, EST for task d is week 4 (EFT for task b) and EFT is week 6 (EST plus task duration of 3 weeks).
Task e can only begin after task c is completed. Therefore, EST for task e is week 16 (EFT for task c) and EFT is week 19 (EST plus task duration of 4 weeks).Finally, we move on to task f, which requires task d to be completed. Therefore, EST for task f is week 7 (EFT for task d) and EFT is week 13 (EST plus task duration of 6 weeks).The critical path is the path that takes the longest time to complete. In this case, the critical path is a - c - e - f, which takes 26 weeks to complete (8 + 7 + 4 + 6). Therefore, the earliest finish for task f is 26 weeks.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
Consider a country that runs a government budget surplus of $10 million and a trade deficit of $2 million. If private investment equals $20 million, which of the following is correct?
A- The demand of financial capital is $20 million and private savings equal $8 million
B- The supply of financial capital is $32 million, so private savings equals $32 million
C- The demand of financial capital is $32 million, so private savings equals $32 million
D- The supply of financial capital is $22 million and private savings equals $12 million
The correct answer is A- The demand of financial capital is $20 million and private savings equal $8 million.
Greater budget deficits raise capital demand, which raises interest rates and raises the cost of private sector investment. According to the Ricardian equivalence hypothesis, improvements in private saving will equalize changes in government borrowing or saving. Total expenditure minus total revenue is the fiscal deficit (excluding borrowings). Revenue outlays plus capital outlays are equal to revenue inflows plus capital inflows minus borrowings. The amount of private savings in an economy is directly impacted by the structure of the government budget. People don't need to save as much when there is a surplus in the government budget since they receive many benefits from the government and inflation stays within reasonable bounds.
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As a newly employed Chief Design Officer (CDO) of a start-up company, Ghana CoFarmers Ltd, you have been tasked to undertake your first project which is to design a system for selling cocoa. The aim is to develop an interface that meets the needs of both the farmers (in Ghana) and the customers. Describe in detail a design methodology of four stages to facilitate the proper design of such a system. Write your answer in the form of a management plan for this project. For each stage, indicate the number of weeks that should be allocated. Hint: Note the four phases of the design process:
Requirements analysis
Preliminary (conceptual) and detailed design
Build and implementation
Evaluation
The project aims to design a system for selling cocoa that satisfies the needs of farmers in Ghana and customers.
The design methodology will consist of four stages: requirements analysis, preliminary and detailed design, build and implementation, and evaluation. The estimated duration for each stage is as follows:
1. **Requirements Analysis (4 weeks):**
During this stage, the team will gather and analyze the requirements of both the farmers and the customers. Engage with stakeholders, conduct interviews, and perform market research to gain a deep understanding of the target users and their needs. Document the identified requirements and prioritize them based on importance and feasibility.
2. **Preliminary and Detailed Design (6 weeks):**
In this stage, the team will create the conceptual design for the cocoa selling system. Generate ideas, sketch out wireframes, and develop prototypes to visualize the system's structure and functionality. Seek feedback from stakeholders and iterate on the designs. Once the conceptual design is finalized, proceed to the detailed design phase, where specific features, interfaces, and workflows will be defined.
3. **Build and Implementation (12 weeks):**
During this stage, the development team will build the cocoa selling system based on the finalized design. Divide the development tasks into sprints, following an agile methodology. Begin with developing the core features and progressively add additional functionalities. Conduct regular testing and quality assurance to ensure the system's stability, usability, and security.
4. **Evaluation (4 weeks):**
In the final stage, the system will undergo a comprehensive evaluation to assess its performance and user satisfaction. Conduct usability tests, collect feedback from users, and measure key metrics such as conversion rates and customer engagement. Identify areas for improvement and refine the system based on the evaluation results.
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Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500
A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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suppose you are consuming two goods, a and b. your marginal utility from good a is 22 while your marginal utility from good b is 4. in addition, good a costs $11.00 each and good b costs $2.25 each. a. according to the utility-maximizing rule, you are not maximizing your total utility . b. you should consume:
According to the utility-maximizing rule, one is not maximizing their total utility. They should consume more of goods A and less of goods B.
What is the explanation for the above result?Remember that when the marginal utility gained from the final dollar spent on both commodities is equal, overall satisfaction is maximized.
Mu/good price = marginal utility per dollar
Note that MU Per dollar of good A = 22/ 2
Hence given us: 2 Utils.
Mu per dollar of goods B on the other hand is:
4/2.25
= 1.77 Utils.
Since Good A provides more utility, from a rational point of view, more of Good A should be consumed and less of good B.
In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of an item or service reflects how much pleasure or satisfaction customers acquire as a result of a one-unit increase or reduction in consumption.
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What is a survey
A. it is a set of questions used for gathering data.
B. it involves recording actions or events related to buying behavior.
C. It is a research method where the researchers assembles small group of people
D It is when only a portion of a population is researched
Answer:
A
Explanation:
it is a set of questions used for gathering data
Benefits of being a tax compliant
Tax laws provide for the charging of additional tax and penalties equal to the defaulted amount and interest, where a client fails to adhere to its provisions. In some instances, fines, prosecution and imprisonment may be effected depending on the nature of the default.
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________ refers to the resources or capabilities a company must have before it can start competing in a given market
**Entry barriers** refers to the resources or capabilities a company must have before it can start competing in a given market.
Entry barriers are obstacles or conditions that restrict the entry of new competitors into a market. These barriers can take various forms, including economies of scale, capital requirements, access to distribution channels, intellectual property rights, government regulations, and brand loyalty. Companies need to possess the necessary resources or capabilities to overcome these barriers in order to enter and effectively compete in a market.
By having entry barriers, established companies in a market can protect their market share and profitability by limiting the entry of new competitors. However, entry barriers can also restrict competition and potentially hinder innovation. Understanding and assessing the entry barriers in a specific market is crucial for companies planning to enter and succeed in that market.
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Question No 1: Rockford Company's comparative balance sheet for 2017 \& 2016 and the company's income statement for the year follow: Rockford Comnanv Additional Information: Rockford paid a cash dividend of $48,000 in 2017. The $4,000 loss on sale of equipment reflects a transaction in which equipment with an original cost of $12,000 and accumulated depreciation of $5,000 was sold for $3,000 in cash. Rockford did not purchase any long-term investments during the year. There was no gain or loss on the sale of long-term investments. Rockford did not retire any bonds payable during 2017, or issue or repurchase any common stock. Requirements: [15] a. Prepare a cash flow statement at the end of December 31,2017 using indirect method. b. Give some examples of significant non-cash investing and financing activities.
a. Cash Flow Statement using Indirect MethodCash flow statement using the indirect method:The net income for 2017 is $360,000. Depreciation expense is $40,000, and amortization expense is $10,000. The loss on the sale of equipment is $4,000. The increase in accounts payable is $10,000, and the decrease in accounts receivable is $14,000.
The increase in prepaid expenses is $3,000, while the increase in accrued expenses payable is $6,000.1. Operating activities Net income for 2017 is $360,000. Depreciation expense is $40,000, and amortization expense is $10,000. Changes in the operating assets and liabilities: the increase in accounts payable is $10,000, and the decrease in accounts receivable is $14,000. The increase in prepaid expenses is $3,000, while the increase in accrued expenses payable is $6,000.Operating activities Net income for 2017$360,000Adjustments to reconcile net income to net cash provided by operating activities :Depreciation expense$40,000Amortization expense$10,000Loss on sale of equipment$4,000Decrease in accounts receivable$(14,000)Increase in accounts payable$10,000Increase in prepaid expenses$3,000Increase in accrued expenses payable$6,000Net cash provided by operating activities$409,0002. Investing activities There were no long-term investment purchases during the year. There were no long-term investment sales during the year. The sale of equipment produced $3,000 in cash. Investing activities Sale of equipment$3,000Net cash provided by investing activities$3,0003. Financing activities Cash dividends of $48,000 were paid. There were no bond retirements, stock issuances, or stock repurchases during the year. Financing activities Cash dividends$(48,000)Net cash used in financing activities$(48,000)Net increase in cash and cash equivalents$364,000Beginning cash balance$155,000Ending cash balance$519,000b. Non-Cash Investing and Financing Activities A non-cash transaction is one in which no cash exchanges hands. Some examples of significant non-cash investing and financing activities are as follows: a) The exchange of a long-term asset for a note payable or a capital lease. b) The exchange of common stock for long-term assets. c) The conversion of bonds payable to common stock.
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Which of the following are elements of Taylorism, also known as scientific management? (you must correctly check all that apply).
NOTE: this is an example of a question that has more than one correct response--you must check ALL of the correct responses in order to get the question correct.
A. Managers, not workers, are seen as having the knowledge and expertise to find the one best way to do each job.
B. To motivate workers, getting the human conditions of work are just as important as getting the technical conditions right.
C. Managers should drive workers through strict monitoring, discipline, and even threats.
D. Jobs should be broken into small, standardized, repetitive tasks.
The elements of Taylorism, also known as scientific management, include:
Managers, not workers, are seen as having the knowledge and expertise to find the one best way to do each job.
Managers should drive workers through strict monitoring, discipline, and even threats.
Jobs should be broken into small, standardized, repetitive tasks. Options A, C and D are correct.
In Taylorism, managers are considered experts who analyze and determine the most efficient methods for performing tasks, while workers are expected to follow these prescribed methods. This principle emphasizes the managerial authority in decision-making regarding work processes.
Taylorism promotes the idea that managers should closely monitor and control workers to ensure compliance with standardized procedures. Discipline and even threats of punishment are used to maintain efficiency and productivity.
One of the key principles of Taylorism is the division of labor, where jobs are broken down into small, standardized, and repetitive tasks. This allows workers to specialize in specific tasks, increasing efficiency and reducing the time required to perform each task.
By understanding and implementing these elements of Taylorism, organizations aim to enhance productivity and efficiency by streamlining work processes and exerting managerial control over workers. Options A, C and D are correct.
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Twenty-five-year B-rated bonds of Parker Optical Company were initially issued at a 16 percent yield. After 24 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 14 percent to maturity
12 percent yield bonds are currently yielding 14 percent to maturity.
What is yield?
The term "yield" describes the profits produced and realized on an investment over a specific time frame. It is shown as a percentage based on the amount invested, the security's current market value, or its face value.
The interest or dividends a shareholder receives from holding a certain security are included in yield. Yields can be categorized as known or anticipated depending on the security's valuation (fixed vs. variable).
Yield, which is calculated as a percentage, represents the return on an investment over a specified time period.
Price rises and dividend payments are included in yield, which is computed as the net realized return divided by the principal amount (i.e. amount invested).
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In a two-sided market with network effects, the platform will likely
A. charge a lower price for end users that are more affected by a positve market feedback.
B. charge a higher price for end users that are more affected by a positve market feedback.
C. randomly charge end users.
D. charge a zero price for all end users regardless of the market feedback effects.
The correct option is A, charging a lower price for end-users that are more affected by positive market feedback, is the most likely pricing strategy.
In a two-sided market with network effects, the platform's pricing strategy is critical in determining its success. A two-sided market is one in which the platform connects two or more distinct groups of users, such as buyers and sellers or advertisers and consumers. The platform's value to each group of users depends on the size of the other group, which creates positive network effects. Given the network effects, the platform is likely to charge different prices to different groups of users depending on their sensitivity to network effects. For instance, if the positive network effects are more significant for one group of users than another, the platform may charge a higher price to the more sensitive group. Alternatively, the platform may charge a lower price to the more sensitive group to attract them to the platform and grow the network.
This pricing strategy aligns with the platform's goal of attracting and retaining users to grow the network, which in turn creates more value for all users. Charging a higher price to the more sensitive group of users may lead to reduced demand, which could ultimately harm the platform's network effects and overall success. In conclusion, the pricing strategy in a two-sided market with network effects is crucial, and the platform is likely to charge different prices to different groups of users depending on their sensitivity to network effects. Charging a lower price to the more sensitive group is the most likely pricing strategy to attract and retain users to grow the network and create more value for all users.
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the primary issue in the ep sports case is group of answer choices the use of non-gaap metrics to deceive investors. the timing of revenue recognition and early shipping of merchandise. the use of an off-balance-sheet cash account to pay bonuses, entertainment expenses, and gifts to local government officials. the timing of expense recognition on accrual accounts
The primary issue in the EP Sports case is the use of non-GAAP metrics to deceive investors.
What's the concerns about the timing of revenue recognitionThere were concerns about the timing of revenue recognition and early shipping of merchandise, and the use of an off-balance-sheet cash account to pay bonuses, entertainment expenses, and gifts to local government officials, it was the misleading non-GAAP metrics that were the focus of the investigation.
The company had been using non-standard accounting measures to paint a more positive picture of their financial performance, which ultimately led to the SEC taking action against them.
It is important for investors to be aware of the use of non-GAAP metrics and to carefully evaluate financial statements to ensure that they are getting a complete and accurate picture of a company's financial health.
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why is market development necessary ?
Enlightenment thinker adam smith wrote about laissez-faire economics and market systems, which was influential in how people economically viewed the role of the government. According to smith, what role should the government have?.
In his writings, he described how market systems work and his belief in laissez-faire economics. His ideas influenced how people view the government in terms of the economy,
Economics is the study of scarcity and its impact on resource use, the creation of goods and services, the expansion of production and wealth over time, and a range of complex concerns of utmost importance to society. Political science, geography, mathematics, sociology, psychology, engineering, law, medicine, and business administration are just a few of the many areas in which economics has an impact. A society is a group of people who are in regular contact with each other or a large group of people living together in a common space, often subject to the same political authority and prevailing cultural norms. .
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