All search engines will display your advertisements.
What is advertisements?Advertising, the techniques and practices used to bring products, services, opinions, or causes to public notice for the purpose of persuading the public to respond in a certain way toward what is advertised. Most advertising involves promoting a good that is for sale, but similar methods are used to encourage people to drive safely, to support various charities, or to vote for political candidates, among many other examples. In many countries advertising is the most important source of income for the media (e.g., newspapers, magazines, or television stations) through which it is conducted. In the noncommunist world advertising has become a large and important service industry.
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Rolland Poust is a business student. Last semester, he took courses in statistics and accounting, three hours each, and earned an C in both. He earned a A in a five-hour history course and a B in a five-hour history of jazz course. In addition, he took a one-hour course dealing with the rules of basketball so he could get his licence to officiate high school basketball games. He got an A in this course. What was his GPA for the semester? (Round the final answer to 2 decimal places.)
GPA for the semester _______
Assume that he receives 4 points for an A, 3 for a B, and so on. What measure of central tendency did you just calculate?
The GPA for the semester is 2.92. The measure of central tendency is mean.
GPA stands for Grade Point Average. It is a calculation of your average grade point per semester. It reflects your academic performance over a given period of time. GPA is a metric used by schools, colleges, and universities to evaluate academic progress. The formula for calculating GPA is:
GPA = Σ(GPA * Credit hours) / ΣCredit hours
Given that, Rolland Poust took the following courses and scored grades:
Statistics (C) – 3 hours
Accounting (C) – 3 hours
History (A) – 5 hours
History of Jazz (B) – 5 hours
Basketball rules (A) – 1 hour
So, total credit hours = 3 + 3 + 5 + 5 + 1 = 17
Credit hours * Grades = Grade points in the respective courses
Grades are assigned points according to the following table:
A: 4 points
B: 3 points
C: 2 points
D: 1 point
F: 0 points
Grades Credit Hours Grade Points
Statistics (C)3*2=6
Accounting (C)3*2=6
History (A)5*4=20
History of Jazz (B)5*3=15
Basketball rules (A)1*4=4
Total 17 51
To calculate the GPA of Rolland Poust for the semester, use the formula:
GPA = (Σ Grade points) / Credit hours= (51) / 17= 2.92
In this question, the measure of central tendency is mean. Mean is a statistical measure that is used to calculate the average of a data set. It is also referred to as the arithmetic mean. Mean is calculated by dividing the sum of all values by the total number of values in a dataset.
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Why does market segmentation occur? How do you think such
segmentation can influence the operation or financing of an MNE?
Explain.
Market segmentation occurs due to the diverse needs, preferences, and characteristics of customers in different market segments.
Customers within a market segment share similar demographic, geographic, psychographic, or behavioral traits, enabling companies to tailor their marketing strategies and offerings to effectively target and serve specific customer groups.
Market segmentation can significantly influence the operation and financing of a multinational enterprise (MNE). By identifying and understanding different market segments, an MNE can customize its products, services, and marketing campaigns to better meet the specific needs and demands of each segment. This enhances customer satisfaction, improves market penetration, and increases profitability. Additionally, market segmentation helps in resource allocation, as the MNE can allocate its operational and financial resources strategically to focus on the most lucrative and promising market segments, optimizing its investment and return on capital.
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What is the marginal cost of producing a fifth soccer net? $1.00 $1.50 $2.00 $2.50
Constructing a fifth soccer net has a marginal cost of 110.
The difference in total production costs caused by creating or manufacturing one more unit is known as the marginal cost in economics. Divide the variation in production costs by the variation in quantity to determine marginal cost.
As per the data given in the above question are as bellow,
We have to find the marginal cost of fifth soccer net.
The total units 0 1 2 3 4 5
The total revenue 0 100 180 250 290 310
The total costs 0 50 110 180 270 380
the marginal cost of producing a fifth soccer net is
=(380-270)/(5-4)
=110
So the production cost is $110
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Note: The correct question would be as bellow,
Total units 0 1 2 3 4 5
Total revenue 0 100 180 250 290 310
Total costs 0 50 110 180 270 380
What is the marginal cost of producing the fifth unit?
Answer:
2.00
Explanation: just took the test
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
whatbare two key tskeaways when reading about Organizing
Information Technology Services
Organizing information technology services requires a structured approach and alignment with business goals to optimize IT operations and support the overall objectives of the organization.
Two key takeaways when reading about organizing information technology services are:
Structured approach: Organizing information technology services requires a structured approach to ensure efficiency and effectiveness. This involves defining clear roles and responsibilities, establishing processes and workflows, and implementing appropriate systems and tools to support service delivery.
Alignment with business goals: It is crucial to align the organization of information technology services with the overall goals and objectives of the business. This involves understanding the needs of the business, prioritizing service delivery based on business requirements, and ensuring that IT services contribute to the achievement of strategic goals.
Hence, Organizing information technology services plays a critical role in optimizing IT operations and ensuring that technology resources are effectively utilized to support the goals of the organization. By adopting a structured approach and aligning IT services with business objectives, organizations can enhance their ability to deliver reliable and value-driven IT solutions.
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Explain how an increase in u. s and canadian intraindustry trade altered the level of productivity in the affected canadian sector
Intra-industry trade:
Intra-industry trade refers to the trade between industries is the trade of products belonging to several industries. For instance, trade with technology equipment made in another nation can be defined as inter-industry trading in agricultural products goods from one country. It allows employees and firms to learn from and improve specific products, often concentrating on particular value chain areas
How Canada's international trade is changing with the times?
Imports are also expanding; the increases we are seeing in imports of machinery and equipment and of various intermediate products are early signals of rising business investment.
It was in this context that the Bank of Canada decided, in July and again earlier this month, to raise our policy rate.
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answered
Sita and Zoya are two friends
belonging to Hindu and Muslim
religion. They start a
business of handicrafts together. They decide to
open the factory in rural area and give
employment opportunities to local residents.
a) Which form of business organisation have they
opted?
1 SEE ANSWER
They have chosen the partnership business structure:
Describe a partnership:In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
What is a partnership and what are its benefits?If there are less than 20 people involved and restricted liability is not required, think about forming a partnership. One benefit of a cooperation is that: Two or more heads are preferable to one. Your company is simple to launch and has modest startup expenses. The business has access to extra funding.
Briefing:In small- and medium-sized businesses, partnerships are a common type of company structure. One individual is unable to manage the growing scale of the company on their own. Therefore, a partnership between two or more people is formed to conduct business. The issue with sole proprietorships is beginning to be solved by this type of firm.
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Which of the following characteristics is NOT associated with a functional organization?
a. Each employee has one clear superior.
b. Resources are easily shared between departments and projects.
c. Staff are managed by a person with expertise in their area.
d. Staff are grouped by areas of specialization
b. Resources are easily shared between departments and projects.In a functional organization, departments or units are organized based on specific functions or areas of specialization.
The main answer, option b, states that resources are easily shared between departments and projects. However, this characteristic is not typically associated with a functional organization. Functional organizations often have departments that operate independently, focusing on their specific functions and areas of expertise. Resources, such as personnel, equipment, and budget, are allocated and managed within each department. While coordination and collaboration may occur between departments, the sharing of resources between departments and projects is typically not a primary characteristic of a functional organization.Instead, option b is more aligned with a matrix organization, where resources are often shared across functional departments and projects.
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Analyse the implications to Mr Flake’s business if: In May and June Mr Flake fell ill and he had to pay somebody else £1200 a month to run the business as well as himself? Answer: He received 6 more party bookings for September?
Answer:
1. Paying somebody else and himself represent cash outflow.
2. Party bookings represents forecasted cash inflow.
Explanation:
Remember, a cash flow shows where money is coming from into the accounts of a business and where money goes to from the accounts of the business. Inflows represent credit transactions into the business account, while the outflows represents debit transactions to external sources.
Thus, paying somebody else £1200 a month to run the business as well as himself (Mr Flake) both represents outflow of cash from his ice-cream business. But the 6 more party bookings for September represents cash inflows since he will be receiving a pay from the clients.
Someone in the 36 percent tax bracket can earn 8 percent annually on her investments in a tax-exempt IRA account. What will be the value of a one-time $18,000 investment in 5 years? 10 years? 20 years? You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $ b. Suppose the preceding 8 percent return is taxable rather than tax-deferred and the taxes are paid annually. What will be the after-tax value of her $18,000 investment after 5,10 , and 20 years? Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $ Hide Feedback
In a tax-exempt IRA account with an 8 percent annual return and a 36 percent tax bracket, the investment grows to approximately $24,927 after 5 years, $40,248 after 10 years, and $86,974 after 20 years.
a. For the tax-exempt IRA account with an 8 percent annual return, we can use the future value formula to calculate the value of the $18,000 investment. The formula is:
\(FV = P \cdot (1 + r)^N\)
where FV is the future value, P is the initial investment ($18,000), r is the annual return rate (8 percent), and N is the number of years.
Using this formula, we can calculate the future values for the given time periods. The results are as follows:
- In 5 years: approximately $26,741
- In 10 years: approximately $43,219
- In 20 years: approximately $93,219
b. If the 8 percent return is taxable and taxes are paid annually, we need to consider the after-tax value of the investment. The after-tax value will be reduced by the taxes paid on the annual returns.
To calculate the after-tax value, we can multiply the annual return by (1 - tax rate) before compounding it with the formula used in part a.
Using the same formula and considering the 36 percent tax rate, we can calculate the after-tax values for the given time periods. The results are as follows:
- After 5 years: approximately $24,927
- After 10 years: approximately $40,248
- After 20 years: approximately $86,974
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Write a report on the sustainability strategy of Enbridge Inc. Introduction (the scope, aim, and objectives of the document)
Background (what company/business is already doing for sustainability) Needs Analysis (why and what aspects this business needs to improve the TBL approach to sustainability and best practices/examples and if possible, evidence of benefits from the industry) Sustainability Strategy (strategies aimed at sustainability in this business) Recommendations (what is your advice to the business leadership)
Explanation :
Introduction : The purpose of this document is to present a report on the sustainability strategy of Enbridge Inc. The report will examine the scope, aim, and objectives of the company's sustainability strategy, as well as what the business is already doing for sustainability.
Background Enbridge Inc. is a Canadian energy transportation company that is committed to sustainable development. The company is already doing a lot for sustainability, including implementing environmental management programs, supporting renewable energy, reducing greenhouse gas emissions, and promoting energy efficiency.Needs Analysis
To improve its triple bottom line (TBL) approach to sustainability, Enbridge Inc. needs to focus on three main areas: environmental sustainability, social sustainability, and economic sustainability.
Environmental sustainability includes reducing greenhouse gas emissions, reducing waste and pollution, and conserving natural resources. Social sustainability includes improving community relations, promoting diversity and inclusion, and protecting human rights. Economic sustainability includes improving operational efficiency, reducing costs, and increasing revenue.Sustainability Strategy To achieve its sustainability goals, Enbridge Inc. has developed a comprehensive sustainability strategy. The company's sustainability strategy is based on the principles of the triple bottom line, which means that it focuses on environmental sustainability, social sustainability, and economic sustainability.
Enbridge's sustainability strategy includes a number of initiatives, such as renewable energy development, energy efficiency improvements, sustainable transportation, and stakeholder engagement.
Recommendations : To improve its sustainability performance, Enbridge Inc. should focus on three key areas: environmental sustainability, social sustainability, and economic sustainability.
The company should continue to develop and implement environmental management programs, support renewable energy, reduce greenhouse gas emissions, and promote energy efficiency. Enbridge should also work to improve community relations, promote diversity and inclusion, and protect human rights.
Finally, the company should focus on improving operational efficiency, reducing costs, and increasing revenue.Overall, Enbridge Inc. is taking a comprehensive approach to sustainability, and the company is committed to sustainable development.
By continuing to focus on environmental sustainability, social sustainability, and economic sustainability, Enbridge can continue to be a leader in sustainable business practices.
The evidence of the benefits of sustainability in the industry is clear, and Enbridge's sustainability strategy can serve as a model for other companies looking to improve their sustainability performance.
In conclusion, this report recommends that Enbridge Inc. continue to focus on sustainability as a core business strategy and to work to improve its sustainability performance in all areas.
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Name three factors that determine a good’s or service’s elasticity.
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.One-year Treasury bills currently earn 1.45 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 1.65 percent. If the unbiased expectations theory is correct, what should the current rate be on 2-year Treasury securities? (Round your answer to 2 decimal places.)
Answer:
1.55%
Explanation:
Computation of current rate to be on 2-year Treasury securities
Current rate (2) = ((1 + Current rate(1)) * (1+After a year rate(1))^(1/2) - 1
= ((1+1.45%)*(1+1/65%))^(1/2) - 1
= ((1+0.0145)*(1+0.0165))^(1/2) - 1
= ((1.0145)*(1.0165))^(1/2) - 1
= 1.03123925^(1/2) - 1
= 1.01549950763 - 1
= 0.01549950763
= 1.549951
= 1.55%
Thus, the current rate on 2-year treasury will be 1.55%
5. Summarize the importance of identifying weaknesses
and motivation for attacks early in the development or
implementation process in ecommerce
Customers and organisations can benefit from a safer and more secure ecommerce environment via early detection of holes and attack motivation.
Cyber-attacks must be avoided by spotting vulnerabilities and attack motive early on in the development or implementation phase in e-commerce. It enables the development of strong security controls to guard against the intrusion of sensitive data, preventing data breaches, monetary losses, and reputational damage. Additionally, it enables companies to anticipate threats before they materialise and to act rapidly to reduce risks. Businesses can protect themselves from potential risks by implementing steps like two-factor authentication and regular backups by understanding the motive behind attacks.
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A firm requires an investment of $18,000 and will return $25,000 after one year. If the firm borrows $10,000 at 6%, what is the return on levered equity? Question 24 options:A) 112%B) 80%C) 96%D) 64%
A firm requires an investment of $18,000 and will return $25,000 after one year. If the firm borrows $10,000 at 6%, the return on levered equity is 80%. Thus, option B is correct.
Investment refers to expenditure incurred on creation of new capital asset. For example: purchase of land, plant, building, equipment, stock, mutual funds etc. It helps to generate wealth in future.
Cost of Investment = $18,000
Total return = $25,000
Firms borrowing = $ 10,000
Rate of borrowing = 6%
Portion of Investment financed by equity = 18,000 - 10,000
= $ 8,000
Return on shareholders fund = 25,000 - 10,000×(1 + 6%)
= $ 14,400
Return on levered equity = 14,400/8000 - 1
= 80 %
Therefore, return on levered equity is 80%.
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Jake’s company uses a unique ergonomics and organization system to help employees work more efficiently. The company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may share the trade secret with others outside the company. The employee may be subject to fines if he were to reveal the trade secret. The employee may use the trade secret at another company as long as he does not reveal it to others. The answer is dependent on additional details not provided. No trade secret exists in this scenario.
If the company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may be subject to fines if he were to reveal the trade secret.
What is nondisclosure agreement?Nondisclosure agreement can be defined as the agreement that a person should not disclose confidential or sensitive information.
in a situation were Jake sign the nondisclosure agreement and still went ahead to disclose the information , the employee will be subject to fines because the employee has break the nondisclosure agreement that is between him and is employer.
Therefore If the company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may be subject to fines if he were to reveal the trade secret.
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If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business
Answer:
For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.
Explanation:
Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.
To become responsible the company can use the image and be built the brand of the company.Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.Social responsibility can empower the employee.To promote the social responsibilities that can boost the morale of employees.
When discussing weighing schemes for calculating the weighted average cost of capital, ________.
When discussing weighing schemes for calculating the weighted average cost of capital (WACC), the preferences can be stated as - Market value weights are preferred over book value weights, and target weights are preferred over historic weights. Hence the correct answer is option A.
The proportionate weights of various forms of financing (equity, debt, etc.) within a company's capital structure are taken into account by the weighted average cost of capital. These funding sources' current market prices and values, which are typically thought to be more accurate and indicative of the true cost of capital, are reflected in market value weights. Target weights represent the company's preferred or ideal capital structure, which is consistent with its long-term objectives and strategy.
The accounting values and historical costs of the funding sources are the basis for book value weights, on the other hand. These weights might not adequately reflect the state of the market and the financial structure of the company from an economic perspective. Similar to historical weights, which may not accurately reflect current finance source proportions of financing sources.
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The complete question is :
When discussing weighing schemes for calculating the weighted average cost of capital, the preferences can be stated as
A. market value weights are preferred over book value weights and target weights are preferred over historic weights.
B. book value weights are preferred over market value weights and target weights are preferred over historic weights.
C. book value weights are preferred over market value weights and historic weights are preferred over target weights.
D. market value weights are preferred over book value weights and historic weights are preferred over target weights.
The portion of your health insurance paid by your employer:
Answer:
yes portion of your health insurance is paid by your employer
Stretch goals are the Multiple Choice targets that are exceptionally demanding and novel. set of goals whose primary focus is to protect organizations from being sustainable. targets that merely exhort employees in general terms to improve performance and start doing their best. goals that conflict with people's personal values and interests. goals that are high enough to inspire better performance but at the same time are always unattainable.
Answer:
targets that are exceptionally demanding and novel.
Explanation:
Stretch goals are the targets that are exceptionally demanding and novel. It is not everyone that considers or think about creating stretch goals because they are highly demanding and relatively new to the individual or business firm.
Generally, stretch goals are divided into two (2) main categories and these includes;
I. Horizontal stretch goals: it is focused on the professional development of individuals through attempting, learning and picking up difficult challenges or tasks.
II. Vertical stretch goals: these type of goals or targets are usually in tandem with the current activities in an organization such as productivity and financial outputs.
Enter text- Apply A text Effect
The __________ component of a business model outlines the utility that the product or service has to offer the customer
The Value Proposition component of a business model outlines the utility that the product or service has to offer the customer.
The nine building pieces that make up the business model canvas illustrate what drives a company's success. The business model canvas is expanded upon in the value proposition canvas. Its main emphasis is on creating a compelling value proposition, which is a key component of a long-term business strategy.
A value proposition is a succinct explanation of why customers should select your goods or services. The precise solution that your company offers and the promise of value that a customer might expect from you are more than just a description of your product or service.
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The additional $600 unemployment benefit ended on July 25, 2020. Even with the $300 Lost Wages Assistance Benefit, many Texans are being evicted from their homes and cannot provide basic necessities for their family. The unemployment rate is now over 7% in Texas, above our natural rate of unemployment. Did the government make the right decision with ending the extra $600 unemployment benefit from the CARES Act? Why or why not? Explain your position.
Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate
Explanation:
true or false the higher the percentage of a firm's total costs that are fixed, the higher the degree of operating leverage and the lower the operating breakeven point.
True. Operating leverage is the relationship between fixed costs and total costs within a business. The higher the percentage of fixed costs, the higher the degree of operating leverage and the lower the operating breakeven point.
Higher fixed costs will generate higher profits with a given level of sales because the fixed costs are not affected by changes in the sales volume. Therefore, with a higher fixed cost percentage, a company only needs to make a lower volume of sales to reach the breakeven point and make a profit. This is because the fixed costs remain the same even when the sales volume changes.
Overall, the higher the fixed cost percentage, the higher the degree of operating leverage and the lower the operating breakeven point.
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Shoshanna works with a therapist who provides support while also improving her social skills in a cost-effective manner. Shoshanna is most likely receiving
Shoshanna is most likely receiving therapy that focuses on improving her social skills through evidence-based techniques that are efficient and cost-effective.
The therapist may be using cognitive-behavioral therapy or social skills training to help Shoshanna identify and change negative thought patterns, develop coping skills, and improve her communication and social interaction abilities. The therapist may also be using group therapy sessions as a cost-effective way to provide social support and practice social skills in a safe and structured environment. Overall, the therapist is likely utilizing techniques and strategies that have been shown to be effective in helping individuals like Shoshanna improve their social skills while also being mindful of the cost of therapy. This demonstrates a commitment to providing high-quality therapy that is accessible and affordable for individuals seeking help.
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on september 29, the company determined that the petty cash fund needed to be increased to $1,000. what is the correct journal entry?
The correct journal entry to increase the petty cash fund to $1,000 would be as follows:
Debit: Petty Cash $500
Credit: Cash in Bank $500
Assuming that the current petty cash fund balance is $500, to increase it to $1,000, an additional $500 is required. Therefore, the company would debit the petty cash account with $500 to increase its balance and credit the cash in a bank account with the same amount to reflect the reduction in the company's bank balance.
This journal entry would be recorded in the company's general ledger and would ensure that the petty cash fund is adequately funded for future transactions. It is important for companies to maintain accurate records of their petty cash transactions, as it helps them to manage their cash flow effectively and prevent fraud.
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Which of the following is not one of the five classes of transactions included in the sales and collection cycle?A) sales returns and allowancesB) write-off of uncollectible accountsC) bad debt expenseD) interest income
The term that is not one of the five classes of transactions included in the sales and collection cycle is D) interest income.
The sales and collection cycle is a part of the accounting process that includes all the activities related to selling and collecting money from customers. It consists of five classes of transactions:
A) Sales: This class of transactions includes all the sales made by the company to its customers.
B) Sales returns and allowances: This class of transactions includes any returns made by customers, as well as any allowances or discounts given to customers.
C) Write-off of uncollectible accounts: This class of transactions includes any accounts that are deemed uncollectible and are written off by the company.
D) Bad debt expense: This class of transactions includes any expenses related to bad debts, such as provision for bad debts or any adjustments made to the allowance for doubtful accounts.
E) Cash receipts: This class of transactions includes all the cash receipts received by the company from its customers.
Out of the given options, interest income is not a class of transactions included in the sales and collection cycle. Interest income refers to the income earned by the company from its investments or loans, and it is not related to the sales and collection activities of the company.
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which of the following are items that should be considered in determining the amount of funding needed to provide for higher education expenses? i tuition cost ii housing cost iii anticipated inflation rate a i only b iii only c i and ii d i, ii, iii
Option (i) Tuition Cost, should be considered in determining the amount of funding needed to provide for higher education expenses.
Any sums paid to cover a student's enrolment at a recognized post-secondary institution are considered qualified higher education expenses. Tuition, books, supplies, equipment, including laptops or notebook, and any other connected costs, including student activity fees, are included in this category of expenses.
These expenses can be paid by a student, spouse, parent(s), or another party such as a friend or another relative.
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Common traits that you admire that could help you determine your core values could come from your:
SELECT ALL THAT APPLY
teachers
bosses
parents
friends
Teachers, parents, and friends are all potential sources of common traits that you admire and that could help you determine your core values. Admiring the traits of others can help you identify the values that are important to you and guide your decision-making in life.
Teachers may model qualities such as integrity, hard work, and a love of learning, which can shape your own values. Bosses may demonstrate leadership skills, commitment to excellence, and a strong work ethic. Parents may exhibit traits such as compassion, honesty, and perseverance. Friends may demonstrate loyalty, empathy, and a positive attitude. By reflecting on the admirable traits of those around you, you can gain a better understanding of your own core values and use them as a guide for your own behaviour and decisions.
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Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also.
Answer:
As I look around my house I find a pocket watch that has helped me tell time, a handy knife that saved my but while camping, a flashlight that helps me see in the dark, and books that I read to allow my mind to wonder. I’ve even got a feather pen I use to write down important notes. Each of these items required trade in order to receive. I traded an old knife for the pocket watch, a few books for new books, and so on with the other items. Trading is a form of giving to receive and can be used to get someone you want from someone else who wants something you have. However trading isn’t that easy due to the fact of poor trades such as a trade I once did for a hammer, I traded a spool of wire for the hammer only to realize that I needed the wire more then the hammer. Not all trade is bad though because it can also benefit you by getting you something better and even someone else something they need. That is the importance of trade.
Explanation: