In a global information system (GIS), high coordination helps provide a standard response to competitors in different countries and markets. (D).
A global information system (GIS) is a system that uses data from geographic information systems (GIS) to map and analyze data. It provides data on the environment, infrastructure, and society in the form of maps, charts, and tables.
A GIS supports a wide range of business applications, including market research, competitive analysis, and customer relationship management, by offering real-time information about market trends, competitor behavior, and customer preferences.
With high coordination, it is easier for companies to provide a standard response to competitors in different countries and markets. Therefore, option D is the correct answer.
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match each hypothetical country’s aging structure to its most likely economic situation.
It should be noted that the aging structure data is important as it allows the rate of growth to be associated with the population in a country.
Your information is incomplete. Therefore, an overview of the topic will be given. There are typically three age structures which are:
The children who are under 15 years old.The working-age who are between 15 - 64 years.The elderly ones who are 65 years and older.It should be noted that an aging population lower the labor-force participation and slows down economic development in the country.
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3. A fine-dining restaurant has been making every- thing from scratch for the five years it has been open; it is the only operation in the area known for scratch- cooking. The management hires a new chef who does a make–buy analysis only to discover that she can get much better pricing on many of her products if she buys them premade. After a tasting comparison, she discovers that the premade products are of high quality and taste only slightly different from her own. Should she switch to the premade products? Would your answer be different if this decision took place when the restaurant first opened?
Answer:
No
Explanation:
The premade products could have been contaminated with any type of disease because she doesn't know what went inside whereas making it from scratch means she is able to monitor and remove and contaminated product.
:)
Define store records
Answer:
this is an important document that helps an organisation to determine the rate of use of raw materials
What should you not do during a hostage rescue attempt?
Answer:
1) Remain still and low to the ground. 2) Encourage others around you to remain calm.
I D K
Explanation:
Avoid attempting to negotiate or offer advice. Hostage takers occasionally force hostages to make requests. If this occurs, say what they want you to say, avoid making your hostage captors angry, and avoid attempting to play the hero.
What do you mean by Hostage?A person who has been forcibly and illegally taken prisoner is known as a hostage. The hostage-takers seek to make claims against other parties, which is why they are keeping, and occasionally even threatening, the captive. It is against the law to take hostages.
Hostage killing was listed as a war crime in the International Military Tribunal Statute on August 8, 1945.
The execution of hostages by German troops in the occupied territories was categorized as clearly excessive due to their excessive tendencies war crimes an in the trial against the generals in south-eastern Europe.
The court described the shooting of hostages as barbaric but legal reprisals under international law. The Geneva Convention for the Protection of Civilian Persons in Time of War of 1949.
People have historically been held as hostages and forced to live there by the opposing party to enforce a contract.
They were frequently the sons of honorable tributary state representatives, who were frequently treated with respect and raised in the host nation. Attila and Theodoric the Great are two prominent examples.
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Which of the following value would be counted as a part of 2022’s GDP ____?
A) the market value of a pharmaceutical stock you bought in 2022.
B) the bonus check your friend got from his car dealership job in 2022.
C) the market value of an HD TV produced in 2021 but sold in 2022.
D) the market value of treasury bills sold by the US federal government in 2022.
The answer is B) the bonus check your friend got from his car dealership job in 2022.
Gross Domestic Product (GDP) is a measure of the total value of goods and services produced within a country's borders during a specific period, typically a year. It includes only the final goods and services produced within that period.
A) The market value of a pharmaceutical stock you bought in 2022 would not be counted as a part of 2022's GDP because it is a financial transaction involving the buying and selling of existing assets rather than the production of goods or services.
B) The bonus check your friend got from his car dealership job in 2022 would be counted as a part of 2022's GDP. It represents income earned from employment and is considered a compensation for services provided.
C) The market value of an HD TV produced in 2021 but sold in 2022 would be counted as a part of 2021's GDP because it represents the production of goods in that year, even though the sale occurred in 2022.
D) The market value of treasury bills sold by the US federal government in 2022 would not be counted as a part of 2022's GDP because it is a financial transaction involving the issuance of government securities rather than the production of goods or services
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Attitude is your belief in your own effectiveness.
Т
F
Answer:
f
Explanation:
this mf emmanuel made me get it wrong. its false bro trust
Tony’s Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $85000, terms 2/7, n/30. Returned $1200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory
As a result of these events, the company's inventory will decrease by $85,000 - $1,200 = $83,800.
Let's break down the events to understand the impact on the inventory:
1. **Received goods for $85,000, terms 2/7, n/30:** This means that Tony's Market purchased inventory worth $85,000, and the terms offer a 2% discount if paid within 7 days. The initial inventory value increases by $85,000.
2. **Returned $1,200 of the shipment for credit:** Tony's Market returned $1,200 worth of inventory, which decreases the inventory value by $1,200.
3. **Paid $300 freight on the shipment:** The freight cost is not directly related to the inventory value. It is a separate expense and does not affect the inventory balance.
4. **Paid the invoice within the discount period:** Since Tony's Market paid the invoice within the discount period, they would deduct the 2% discount from the inventory cost. However, the discount amount is not mentioned in the given information.
Considering the given information, the net impact on the inventory is a decrease of $85,000 - $1,200 = $83,800.
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A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling
Answer:
Nonverbal Communication
why do your feet stink
Answer:
feet become smelly if sweat soaks into shoes and they don't dry before you wear them again. Bacteria on the skin break down sweat as it comes from the pores.
The short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies ______. Multiple choice question.
The short-run aggregate supply curve is more useful than the curves because it changes price level and output levels simultaneously.
What is a short-run aggregate supply curve?A short-run aggregate supply curve simply allows one capture how the firm will be able to respond to price stickiness in an economy.
In this case, the short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies because it changes price level and output levels simultaneously.
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Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?
Answer:
Explanation:
just want points
For how many products does this grocery store have the lowest price?
Responses
a. 2
b. 22
c. 12
d. 7
In this example, the two products with the lowest price are Product J and Product L, both priced at $2. Therefore, the answer is (a) 2.
How to find thisThe question asks for the number of products in the grocery store that has the lowest price. In order to answer this question, we need to determine which products have the lowest price and how many products share that same lowest price.
In the given answer, we are told that there are 2 products that have the lowest price in the grocery store. This means that out of all the products available in the store, there are only 2 products that are priced lower than all the other products.
We can determine the answer to this question by comparing the prices of all the products in the store and identifying the products that have the lowest price.
In the sample data provided, we can see that the prices of the products range from $2 to $12.
We can then identify the two products with the lowest price, which are Product J and Product L, both priced at $2. Therefore, the answer to the question is (a) 2.
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Question: How many products in the grocery store have the lowest price?
Sample data:
Product A: $5
Product B: $10
Product C: $7
Product D: $5
Product E: $12
Product F: $3
Product G: $8
Product H: $9
Product I: $2
Product J: $7
Product K: $11
Product L: $2
in monopolistic competition, firms can compete in terms of
In monopolistic competition, firms can compete in terms of product differentiation and marketing strategies.
Monopolistic competition is a market structure characterized by many firms operating in the same industry, offering differentiated products or services. Each firm has some control over pricing and faces a downward-sloping demand curve. In this type of competition, firms strive to differentiate their products or services from competitors to attract customers. They can compete based on factors such as product quality, design, features, branding, packaging, customer service, or unique selling propositions. By offering differentiated products, firms aim to create a perceived value or unique selling proposition that sets them apart from competitors. Additionally, firms in monopolistic competition often employ marketing strategies to promote their products, build brand loyalty, and create customer awareness. These strategies can include advertising, sales promotions, public relations, and targeted marketing campaigns. The ability to differentiate products and implement effective marketing strategies allows firms in monopolistic competition to compete and capture a share of the market.
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How should a brand adapt its messaging during presidential elections?
Be abnormally repetitive in its message
Ask consumers who they are voting for
Spend ( 50 % ) of its annual budget
Make no adjusments
During presidential elections, brands should adapt their messaging by spending 50% of their annual budget to ensure their message reaches their target audience.(C)
It is important for brands to take advantage of this opportunity to reach their target audience without sounding repetitive or tone-deaf. Brands should stay away from asking consumers who they are voting for, as this can come across as invasive and intrusive. Instead, they should focus on creating content that resonates with their target audience and reflects the brand's values. This can be achieved by keeping the messaging simple and straightforward while incorporating topical issues.
In conclusion, brands should be strategic in their messaging during presidential elections by allocating a considerable amount of their budget towards creating effective campaigns that resonate with their target audience.
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A consumer wants 400 keychains in 5 days, is it impossible to make 40 keychains per day with two people. The boss and the employee.
"Please help me!"
Answer:
Make the keychains day by day and give them to the consumer over time.
Explanation:
Also, offer a small discount for the inconvenience.
Which of the following is not an​ income-producing asset on a​ bank's balance​ sheet?
A. Treasury bills.
B. Bank reserves.
C. Treasury notes.
D. Consumer loans.
Bank reserves is not an income-producing asset on a bank's balance sheet. Hence, option B is correct.
Bank reserves are deposits that a bank holds with a central bank, such as the Federal Reserve in the United States. While reserves are an important asset for a bank, they do not produce income in the same way that other assets, such as Treasury bills, Treasury notes, and consumer loans, do. Treasury bills and notes are both forms of government debt that pay interest, while consumer loans generate income for the bank through the interest and fees charged to borrowers.
By contrast, bank reserves are primarily used to meet regulatory requirements, such as reserve ratios, and to facilitate interbank transactions. The purpose of bank reserves is to ensure that banks have enough funds to meet their obligations and to facilitate interbank transactions.
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Imagine you are trying to improve your self confidence. you have set yourself up to make a speech to a convention in three weeks, even though the thought of doing it terrifies you. what is your best course of action? a. ask someone else do it b. apologize and give up c. practice until you feel you can do it d. choose another trait to improve please select the best answer from the choices provided a b c d
Hmm...
I will choose...
C) as it is postive
1.) what is procrastination
2.) is it okay to reassess and adjust your goals?
Explanation:
1.procrastination is to delay something that you should do usually because you don't want to do it
2.No
Suppose a lite insurance company selis a $200,000 1-year lecms iffe insurance policy to a 20yoat-old female for $230. According to the Nabional Vial Statistics Report. 58(21) the probablity that the female survives the year is 0999544 Compute and interpret the expected value of this pollcy to the insurance company The expected valje is s (Round to the nearest cent as needed) Which of the folowing interpretations of the expected valise is correct? Select the correct choice below and fir in the answer box to complete your choice (Round to the nearest cent as needed) A. The insurance company expects to make a maximum profit of 5 on every 20 -year-old fermale it insures for 1 year. B. The insurance company expects to make a profit of : on every 20-year-old female it insures for 1 month C. The irsurance company expecis to make a minimum proft of A on every 20 -year-old female it insures for 1 month D. The insurance compary empecta ta make a profit of 3 on every 20 -yeat-old female it inscires for 1 year
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
Expected value of this policy to the insurance company can be computed as follows:
Expected Value = (Probability of Survival * Amount Paid by the Policy Holder) - (Probability of Death * Amount Paid to the Policy Holder)
Probability of survival is given as 0.999544 and hence the probability of death is 1 - 0.999544 = 0.000456
Amount paid by the policyholder is given as $230 and amount paid to the policyholder in case of death is $200,000
Expected Value = (0.999544 * $230) - (0.000456 * $200,000)
Expected Value = $229.95
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
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Choose one of the laws that protect consumers' financial rights and find three articles describing instances of financial institutions breaking this law. Write a report (about 500 words) describing the circumstances of the violation and the penalties associated with the violation.
Answer:
Consumer protections sound like it should be a guarantee in Usa, but the government never intervened to protect citizens in the 1960s.
It began mostly with 1968 Consumer Credit Protection Act, when Congress stepped on from violence to defend consumers and their financial histories.
Many regulations expanded investor protections in the years that followed, detailing how the government can obtain records from bank clients, how banks manage lenders and how lenders manage deposit accounts.
During the Great Depression of 2008, it all reached a climax and with that, the financial stability oversight Bureau was created, a new federal department committed to defending customers.
Answer:
For this report I chose to use the Truth in Lending Act. The Truth in Lending Act protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. This protects you from loan overdraft and over billing. This allows the consumer ease to their day of anytime they run into finacial issues. As this makes better sense to consumers it helps others all over the world. People use it in hopes that this will help them in everyday.
Explanation:
The owner of an 8-story commercial building in Abu Dhabi has approached you for consultation of whether it is economically feasible to retrofit the building's central air conditioning system. The owner wants to cut in the yearly electricity expenses through installing 12 variable frequency drive (VFD) units to enhance the overall efficiency of the central A/C system. It is expected that the deployment of the VFD units will save up to 30% of the annual energy consumption of the A/C system. Using the information provided in the Table (below), calculate the following: a) The payback period (in years) using the simple (non-discounted) appraisal. b) The payback period (in years) using the discounted cash flow appraisal. Hint: assume a discounted rate of 12%
Unfortunately, without specific data on the initial investment and annual energy cost savings, I cannot provide the payback period using either the simple or discounted cash flow appraisal.
To determine the economic feasibility of retrofitting the central air conditioning system in the 8-story commercial building in Abu Dhabi, we can calculate the payback period using both simple (non-discounted) and discounted cash flow appraisals.
a) Payback Period (Simple Appraisal):
The payback period represents the time it takes for the initial investment to be recovered through cost savings. In this case, the installation of 12 variable frequency drive (VFD) units is expected to reduce the annual energy consumption of the A/C system by 30%.
To calculate the payback period, we need information on the initial investment and the annual energy cost savings. Unfortunately, the provided table is missing, and without specific data on these values, a precise calculation cannot be performed. However, I can guide you through the process if you can provide the required information.
b) Payback Period (Discounted Cash Flow Appraisal):
The discounted cash flow appraisal takes into account the time value of money by applying a discount rate to future cash flows. In this case, we'll assume a discount rate of 12%.
Again, without specific data on the initial investment and annual energy cost savings, it is not possible to calculate the payback period using the discounted cash flow appraisal. However, if you provide the required information, I can guide you through the calculation process.
In conclusion, to accurately assess the economic feasibility of retrofitting the building's central air conditioning system, we need detailed information on the initial investment, annual energy cost savings, and the current electricity expenses. With this information, we can calculate the payback period using both simple and discounted cash flow appraisals to determine the viability of the proposed retrofitting project.
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What is the best animal?
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
Briefly discuss the theory of normal backwardation. What does the recent evidence suggest about the commodity risk premium?
Suppose you are expecting an announcement of corn inventories in a few days from now. There has been a period of severe drought. What impact do you expect the announcement to have on the position of a long hedger and that of a long speculator? Use arguments from the theory of storage to support your answer.
Regarding the recent evidence about the commodity risk premium, it is important to note that commodity markets are influenced by various factors such as supply and demand dynamics, geopolitical events, and market sentiment.
The theory of normal backwardation, proposed by economist John Maynard Keynes, suggests that in a well-functioning futures market, the futures price of a commodity tends to be lower than the expected spot price at the time of delivery. This means that the futures price is backwardated.
According to the theory, market participants who are willing to take on the risk of holding the physical commodity (known as long hedgers) are compensated for their risk by earning a positive risk premium. This risk premium offsets any potential losses they may incur due to adverse price movements. On the other hand, speculators who take the opposite position (short position) in the futures market do not require compensation for risk since they are not involved in the physical commodity.
Regarding the recent evidence about the commodity risk premium, it is important to note that commodity markets are influenced by various factors such as supply and demand dynamics, geopolitical events, and market sentiment. Empirical studies on the commodity risk premium have shown mixed results, suggesting that it can vary over time and across different commodities.
Now, let's consider the impact of an announcement of corn inventories in a situation of severe drought, using arguments from the theory of storage.
For a long hedger who has a long position in the corn futures market, the announcement of low corn inventories due to the severe drought is likely to result in a positive price shock. This is because the reduced supply of corn creates scarcity, leading to an expectation of higher spot prices. As a result, the futures price would increase, providing a favorable position for the long hedger who is seeking to lock in a price to protect against potential losses in the physical market.
On the other hand, for a long speculator who holds a long position in the corn futures market without any physical exposure, the announcement of low corn inventories is also expected to result in a positive price shock. However, unlike the long hedger, the long speculator does not have the same need for price protection. Instead, the long speculator seeks to profit from price increases in the futures market. Therefore, the announcement would lead to potential gains for the long speculator.
In summary, the announcement of low corn inventories due to a severe drought is likely to have a positive impact on the positions of both the long hedger and the long speculator. The long hedger benefits from locking in a favorable futures price to protect against potential losses in the physical market, while the long speculator aims to profit from the expected price increases.
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Answer the question(s) below:
“Never mix business with personal matters—it just leads to damaged relationships, poor business decisions, or both.” In what ways might this be a fair statement? In what ways is it unwise advice?
Answer:
Explanation:
As a general rule, it is generally a good idea to keep business and personal matters separate, as mixing the two can often lead to a range of problems. Here are some examples of how this statement might be a fair:
Damaged relationships: Mixing business and personal matters can lead to strained or damaged relationships, both within a company and with clients or partners. This can occur when personal issues or emotions get in the way of making sound business decisions, or when personal matters are brought into professional situations.Poor business decisions: When personal matters are allowed to influence business decisions, the resulting decisions may not be the best ones for the company. This can lead to problems such as financial loss, decreased productivity, or damaged reputation.Both: In some cases, mixing business and personal matters can lead to both damaged relationships and poor business decisions. For example, if a company hires a friend or family member who is not qualified for a position, it can lead to tension within the company and poor performance.
It is generally fair to say that mixing business with personal matters can lead to damaged relationships and poor business decisions. When personal relationships are involved in business dealings, it can be difficult to maintain objectivity and make decisions that are in the best interest of the business. This can lead to conflicts of interest, misunderstandings, and resentment.
On the other hand, it is not necessarily unwise to mix business with personal matters in all situations. For example, if you are starting a business with a close friend or family member, it may be necessary to involve personal relationships in order to build a strong foundation for the business. Additionally, in some cases, personal connections can be a valuable asset in business, as they can help to build trust and facilitate mutually beneficial relationships.
Overall, it is important to carefully consider the potential risks and benefits of mixing business with personal matters, and to take steps to minimize any potential negative impacts on both personal relationships and business decisions.
Celestial Insurance hires college graduates and prepares them for management careers. The human resource professionals who prepare the programs that teach leadership and business management to these employees are involved in which HR function?
Answer:
Development
Explanation: A P E X
The human resources profession are involve in development function of the employees.
The Human resources personnel is saddled with responsibility of overseeing process of recruitment, interview, and hire of new staff.
In every company, the Human resources personnel serves as a link between the management and its employees.
After the recruitment process of hiring an applicant, the HR Personnel also provide them with lectures on Leadership and Business management which will help them in their career development.
Therefore, in conclusion, the role performed by the HR personnel is known as Development function in the company.
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An investment project costs $17,900 and has annual cash flows of $4,400 for six years. a. what is the discounted payback period if the discount rate is zero percent?
With a zero percent discount rate, the discounted payback period is the number of years it takes for the cumulative cash flows ($4,400 per year) to equal or exceed the initial investment of $17,900.
The discounted payback period is a measure of how long it takes for the discounted cash flows to recover the initial investment. In this scenario, the investment project costs $17,900 and generates annual cash flows of $4,400 over a six-year period.
When the discount rate is zero percent, the discounted payback period is determined by the number of years it takes for the sum of the discounted cash flows to equal or surpass the initial investment. Since the discount rate is zero percent, the present value of each cash flow is equivalent to its nominal value.
Thus, in this case, the discounted payback period is simply the time it takes for the cumulative cash flows ($4,400 per year) to reach or exceed the initial investment of $17,900.
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7. Explain one way to protect yourself from online or cyber predators.
Answer:
Don't click random pop ups because that could be a way people could try to get into your device and could take money or do something that could be bad for you.
A project consists of an annual investment 47,000.00 for four years, with no residual values. The annual revenue forecast is R$ 110,000.00 in the 6 years following the conclusion of the investments, then R$ 120,000.00 per year for 6 years and, finally, R$ 160,000.00 per year in 6 years. The forecast annual costs (including taxes) is R$70,000.00 in the 6 years following the completion of the investments, then R$80,000.00 per year for 6 years and, finally, R$100,000.00 per year in 6 years . Assume that the minimum attractiveness rate is 12% p.a. and calculate the capital efficiency ratio (NPV / PVI) for that project..
The capital efficiency ratio (NPV/PVI) for the given project is 24.4%.
In order to calculate the capital efficiency ratio (NPV / PVI) for the project, we need to follow the given steps:
Calculation of present value of all the cash flows associated with the project:
Year0Outflow (47,000)Year1-4
Outflow (47,000)Year5-10
Inflow (110,000)Year11-16Inflow (120,000)Year17-22Inflow (160,000)Year5-10
Outflow (70,000)Year11-16
Outflow (80,000)Year17-22
Outflow (100,000)
The present value of all cash flows can be calculated as:
NPV = -47,000 - 47,000 - 47,000 - 47,000 + 110,000/(1.12)^5 + 110,000/(1.12)^6 + 110,000/(1.12)^7 + 110,000/(1.12)^8 + 110,000/(1.12)^9 + 110,000/(1.12)^10 + 120,000/(1.12)^11 + 120,000/(1.12)^12 + 120,000/(1.12)^13 + 120,000/(1.12)^14 + 120,000/(1.12)^15 + 120,000/(1.12)^16 + 160,000/(1.12)^17 + 160,000/(1.12)^18 + 160,000/(1.12)^19 + 160,000/(1.12)^20 + 160,000/(1.12)^21 + 160,000/(1.12)^22 - 70,000/(1.12)^5 - 70,000/(1.12)^6 - 70,000/(1.12)^7 - 70,000/(1.12)^8 - 70,000/(1.12)^9 - 70,000/(1.12)^10 - 80,000/(1.12)^11 - 80,000/(1.12)^12 - 80,000/(1.12)^13 - 80,000/(1.12)^14 - 80,000/(1.12)^15 - 80,000/(1.12)^16 - 100,000/(1.12)^17 - 100,000/(1.12)^18 - 100,000/(1.12)^19 - 100,000/(1.12)^20 - 100,000/(1.12)^21 - 100,000/(1.12)^22NPV = R$45,876.74
Calculation of the present value of investments (PVI):
PVI = R$47,000 + R$47,000 + R$47,000 + R$47,000PVI = R$188,000
Capital efficiency ratio (NPV/PVI):
Capital efficiency ratio = NPV/PVI
Capital efficiency ratio = R$45,876.74/R$188,000
Capital efficiency ratio = 0.244 or 24.4%
Therefore, the capital efficiency ratio (NPV/PVI) for the given project is 24.4%.
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Because this core process calls managers to link their employees’ talent to strategic goals, Bossidy and Charan believe that the ________ process is the most important.
Multiple Choice
O operations
O leading
O people
O planning
Bossidy and Charan believe the people process is paramount, as this core process encourages managers to connect the talents of their subordinates to strategic goals.
What are the people process?
HR processes bring together ideologies and core values to ensure alignment with people at all levels of the organization. This process is standard for proven and successful organizations.
But for younger companies, or organizations that are not yet in their best season, the way to implement this process is to define an ideological framework, apply that framework to the core leadership team, and then apply that framework. Incorporate it throughout your organization. These are like subprocesses of the individual process.
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The concept of limited liability
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation: