Keith wants to buy his first vehicle for $10,000. the dealer will sell it to him over three years at seven percent interest or lease it to him for the same rate over the same period. the vehicle has a residual value of $5,000 at the end of the lease. using the table, which compares lease and purchases monthly payments, if keith has no down payment, calculate how much less his monthly lease payments will be than his monthly purchase payments?
a. $123.34
b. $314.59
c. $125.22
d. $211.34

Answers

Answer 1

If Keith has no down payment, his monthly lease payments will be less than his monthly purchase payments by $123.34. Thus, option A is the correct option.

We must first compute the monthly payments for the lease and the purchase, then determine the difference between them in order to compare the lease and buy payments.

Let's begin by determining the purchase's monthly payment using the loan formula:

Purchase price - Down payment = $10,000 - $0 = $10,000 Loan amount (Principal)

Interest rate (r) equals 7%, or 0.07.

Number of periods (n) equals three years, or three times a year, or 36 months.

The formula for calculating the monthly payment for the purchase is as follows:

PMTpurchase:

Principal×r×(1+r)n

Substituting the values:

purchase=10000×0.07×(1+0.07)36(1+0.07)36−1

PMTpurchase

=(1+0.07)36

10000×0.07×(1+0.07)36

PMT= $314.59

Next, let's figure out the lease's monthly cost. Due to the residual value remaining at the conclusion of the lease, the calculation for the monthly payment under a lease is slightly different:

The purchase price minus residual value is $10,000 minus $5,000, which equals $5,000.

The calculation for the lease's monthly payment (PMT_lease) is as follows:

PMTlease

(1+r)n −1

Leaseamount×r×(1+r)n

Substituting the values:

lease=5000×0.07×(1+0.07)36(1+0.07)36−1

PMTlease

=(1+0.07)36−1

5000×0.07×(1+0.07)36

PMT= $191.25

Now, let's find the difference between the lease and purchase payments:

Monthly savings = PMTpurchase - PMTlease

Monthly savings ≈ $314.59 - $191.25

≈ $123.34

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Related Questions

When getting started, a small business needs to define their role within an industry or sector. How will a small business determine its role?
A. By creating a chain of command
B. By regulating their imports/exports
c. By defining their contribution to an industry
D. By performing and delivering products to consumers

Answers

The small business determines its roles by defining its contribution to the industry. Thus, option C is correct.

Small businesses are those with annual revenues of $1 million to over $40 million and staff sizes of 100 to over 1,500.

The neighborhood-based small companies are concentrated to serve and create jobs in a restricted number of places. This enables any firm to make use of local assets including labor, skill, raw materials, and demographic potential.

By identifying its contribution to the industry, the small business establishes its functions. As a result option C is correct.

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A study of the potential demand for a new hospitality and travel business is called? strategic alliance
situation analysis,
swot analysis,
market analysis ?

Answers

Answer:

Situation  analysis

Explanation:

situation analysis is an analysis done before the start of a business and it is a part of a business plan. it includes an analysis of the firm's abilities, its potential customers, potential competitors and economy

Market analysis is the analysis of the market of a good. Market analysis includes :

analysis of the customers and their purchasing patternsanalysis of competitors an analysis of the economy

A SWOT analysis is an analysis of a firms strengths, weaknesses, and opportunities

Answer:

situation analysis

Explanation:

Fill in the blanks to answer the question: what is likely to happen to consumer and producer surplus when taxes increase on smartphones?.

Answers

The most likely impact of an increase in taxes on smartphones is that the consumer and producer surplus would decline.

What is producer and consumer surplus?

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good. Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

When tax is increased, the price of a smartphone increases, this reduces both the consumer and producer surplus.

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Strategies for managing conflict

Answers

Can I get a brainest point plsssssss

1. Don't Ignore Conflict

If you're someone who dislikes dealing with conflict, it might seem tempting to just put your head in the sand and pretend it doesn't exist, hoping it will resolve itself on its own. While this sometimes can happen, the truth is that the vast majority of the time, this will only cause the situation to get worse. Ignored conflicts have a tendency to fester over time and reappear at inopportune moments, so do your team a favor and address conflicts when they occur, nipping a potentially toxic situation in the bud as soon as you recognize it.

2. Clarify What the Issue Is

If you're dealing with a conflict between two members of your team, it's important that you get all the facts. Sit down with each individual involved and find out exactly what the issue is. How is each individual perceiving the situation? What needs are not being met? What does each party see as an appropriate resolution? Make sure that all parties involved understand that you are acting as an impartial mediator, and let them know they can feel comfortable to share sensitive information.

3. Bring Involved Parties Together to Talk

Once you've had a chance to talk to all involved parties separately, bring them together in a meeting so that they can hash out their differences in a neutral environment. This is a time for brainstorming, active listening, and being open to different perspectives - the goal is to come to a common understanding of what the problem is, what role each individual is playing in the conflict, and what some possible solutions might be.

4. Identify a Solution

After both parties have had a chance to discuss the situation at hand, it's time to identify what a satisfactory resolution might be - and how to get there. Ideally, by this point, both parties will understand the other's side, and oftentimes the conflict will be resolved just through facilitated, open dialogue. However, if the situation requires further resolution, you will need to step in and help them negotiate a reasonable solution. This phase can require some time and effort, as it requires both parties to set aside their differences and preferences and find some common ground to work towards (which may involve not getting everything they want out of the situation). Then, work with both individuals to come up with a concrete list of steps that will result in the solution being achieved.

5. Continue to Monitor and Follow Up on the Conflict

Just because a solution has been identified and addressed doesn't mean it will just go away. As a manager, it's your responsibility to check in with both parties to ensure that the conflict has truly been dealt with, and that the steps identified to reach a solution are being followed. If all seems to be going well, simply remember to stop and observe from time to time, just to see if things really are going smoothly or if there are still lingering tensions under the surface that need to be handled. If it's clear that the solution didn't work, or wasn't the right resolution for the situation, make sure to be proactive in working with both parties to readjust expectations, identify alternative solutions, and continue their dialogue to create a positive and healthy work environment.

The participating employee. Who is normally considered to be the owner of a 403(b) tax-sheltered annuity?

Answers

The owner of a 403(b) tax-sheltered annuity is normally considered to be the participating employee.

A 403(b) tax-sheltered annuity is a kind of retirement plan that allows employees of non-profit companies to save and invest money in a tax-advantaged manner. It is intended to be a long-term savings plan that helps employees save for their retirement years. In a 403(b) plan, the employee, not the employer, is usually the owner of the account. The contributions are generally made pre-tax, which means that they are deducted from the employee’s pay before taxes are applied. Therefore, the money in the account grows tax-free until it is withdrawn. When the employee withdraws the money, he or she will have to pay taxes on the money at his or her current tax rate.

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Final answer:

The participating employee is considered the owner of a 403(b) tax-sheltered annuity. This plan is a type of retirement plan for certain public school and tax-exempt organization employees, in which they contribute a portion of their salary tax-free.

Explanation:

In a 403(b) tax-sheltered annuity, it is the participating employee who is generally considered to be the owner. This type of retirement plan is usually offered to employees of certain public schools and tax-exempt organizations. The participating employee contributes part of their salary to the plan, and this contributed amount is not subject to income tax at the time of contribution. Because of their contributions, the employee is considered to own the annuity. Any earnings from the 403(b) plan grow tax-deferred until withdrawal, which is generally when the participating employee retires.

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What is the relationship between the production of vegetables and sale?

Answers

The main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.

Answer:

The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.

I hope it help you,

God blessed you

which of the following is least likely to help a firm protect itself against suits claiming discriminatory disciplinary actions? group of answer choices training managers how to avoid bias claims developing written policies barring unfair treatment disciplining in the presence of coworkers basing decisions solely on performance

Answers

The least probable method for a company to defend itself from lawsuits alleging discriminatory disciplinary measures is to base judgments purely on performance. Option 4 is correct.

Performance reviews are used by businesses to evaluate accomplishments, identify top performers, and decide which employees have contributed the most to the company's success. Despite the fact that there are many other types of performance evaluations, the top-down review, in which a management evaluates their direct report, is the most typical.

Making decisions involves choosing the best course of action from a range of options in order to accomplish a certain goal. Making decisions is a crucial duty for management since they have a significant impact on how well a company performs. Option 4 is correct.

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Correct Question:

which of the following is least likely to help a firm protect itself against suits claiming discriminatory disciplinary actions? group of answer choices

1. training managers how to avoid bias claims.

2. developing written policies barring unfair treatment

3. disciplining in the presence of coworkers

4. basing decisions solely on performance

Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners

Answers

Answer:

B. Billboards on busy streets

Explanation:

Billboard advertising involves making use of large-scale print advertisements to market a company's products and services.  Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.

Jeremy should consider using billboards for the following reasons.

His clients are local outdoor enthusiasts;  he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks,  his target clients will not fail to spot them.

Answer:local news papers

Explanation:

When you plan a presentation, how should you make sure you stay on track as you talk?

A. Make a list of general topics and points you want to cover.

B. Write out every word of the presentation on notecards.

C. Memorize every word of the presentation in your head.

D. Have the audience tell you what else you need to talk about.

Answers

Answer:

A make a list

Explanation:

Answer:

It's A. Make a list of general topics and points you want to cover.

Explanation: hope it helps ^w^

Triangle jkl is isosceles with a base of jl.
j=2x+23

l=5x-19.

find the degree measures of each triangle angle

Answers

To find the degree measures of each triangle angle, we need to first determine the length of the third side, which is k. Since triangle jkl is isosceles with a base of jl, we know that jk = kl.
jk = jl - kl
jk = j - l
jk = (2x + 23) - (5x - 19)
jk = -3x + 42

Now that we know the length of all three sides, we can use the Law of Cosines to find each angle measure. The Law of Cosines states that:
c^2 = a^2 + b^2 - 2ab cos(C)
Where c is the length of the side opposite angle C, and a and b are the lengths of the other two sides.
First, we'll find angle J using sides jk and jl:
cos(J) = (jk^2 + jl^2 - kl^2) / (2jkjl)
cos(J) = ((-3x + 42)^2 + (2x + 23)^2 - (5x - 19)^2) / (2(-3x + 42)(2x + 23))
cos(J) = (9x^2 - 12x + 1900) / (-12x^2 + 252x - 1932)
J = cos^-1((9x^2 - 12x + 1900) / (-12x^2 + 252x - 1932))

Next, we'll find angles K and L using sides kl and jk:
cos(K) = (kl^2 + jk^2 - jl^2) / (2kljk)
cos(K) = ((5x - 19)^2 + (-3x + 42)^2 - (2x + 23)^2) / (2(5x - 19)(-3x + 42))
cos(K) = (9x^2 - 84x + 1460) / (-30x^2 + 612x - 1914)
K = cos^-1((9x^2 - 84x + 1460) / (-30x^2 + 612x - 1914))
L = K (since triangle jkl is isosceles with a base of jl)
So the degree measures of angles J, K, and L are:
J = cos^-1((9x^2 - 12x + 1900) / (-12x^2 + 252x - 1932))
K = cos^-1((9x^2 - 84x + 1460) / (-30x^2 + 612x - 1914))
L = K
In order to find the specific degree measures, we would need to know the value of x.

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If you completed all the education and training for your first
career choice what, if any, additional education and training would
you require in order to be ready for your second career?

Answers

If you are considering a second career, it is likely that you will need additional education and training in order to be ready for that new career path.

There are several reasons why you may need additional education and training for a second career. For one, the skills and knowledge required for one career may not necessarily transfer over to another career. Additionally, the job market may have changed since you first entered the workforce, meaning that new skills and knowledge may be required in order to be competitive.

For example, if you completed a degree in engineering and worked as an engineer for several years, but then decided to pursue a career in education, you would likely need additional education and training in order to be ready for that new career. This might involve obtaining a teaching certificate or a degree in education, as well as gaining practical experience in the field.

Alternatively, you may decide to pursue a second career in a related field, in which case you may be able to leverage your existing knowledge and skills to some extent. For example, if you worked as a nurse for several years and then decided to pursue a career as a physician’s assistant, you would likely need additional education and training, but your previous experience in the healthcare field would be valuable.

Overall, the amount of additional education and training required for a second career will depend on a variety of factors, including the nature of the new career, your previous experience and education, and the requirements of the job market. In order to be ready for a second career, it is important to carefully consider your goals and the steps you need to take in order to achieve them.

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For an economy as a whole, income must equal expenditure because.

Answers

Income must equal expenditure because for an economy because :

Every transaction has a buyer and seller.Every dollar of spending by some buyer is a dollar of income for some seller.

What is Aggregate income?

Aggregate income is a form of GDP whereby income is equal to Consumption expenditure including net profits. It refers to the value of all income that suppliers of production factors receives over a specified period.

In an economy, income must equal expenditure because for every transaction, there must be a buyer and a seller. This is because every economy must have this cycle so that there will be balanced receipts and payment.

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tim wants to buy a used convertible, which costs $30,000. he will pay a down payment of 10 percent and finance the rest at 12 percent. if he finances the vehicle over 5 years, how much will his total finance charge be?

Answers

Tim's total finance charge, based on the given information, will be $16,200.

Tim's down payment on the used convertible will be 10% of $30,000, which is $3,000. This means that he will finance $27,000 ($30,000 - $3,000) for 5 years at 12% interest.

To calculate the total finance charge, we need to first find out how much interest Tim will pay each year. The formula for calculating annual interest is:

annual interest = (principal amount x interest rate) / 100

So, Tim's annual interest on his car loan will be:

annual interest = ($27,000 x 12) / 100 = $3,240

Tim will pay this amount of interest for each year of the 5-year loan. Therefore, his total finance charge will be:

total finance charge = annual interest x number of years

total finance charge = $3,240 x 5 = $16,200

Therefore, Tim's total finance charge for the used convertible will be $16,200.

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The annual inflation rate is expected to be 5 percent over the next 3 years. Juan plans to take out a 3-year loan to purchase a car. If Juan decides not to take out a loan if the real interest rate exceeds 3 percent, the highest nominal interest rate he is willing to pay is:

Answers

The highest nominal interest rate he is willing to pay is 8.15%.

The highest nominal interest rate that Juan is willing to pay can be determined using the Fisher equation. The Fisher equation postulates that the nominal interest rate is a function of the real interest rate and the inflation rate.

Fisher effect equation : ( 1 + nominal interest rate) = (1 + real interest rate) x (1 + inflation rate)

(1.03) x (1.05) = ( 1 + nominal interest rate)

( 1 + nominal interest rate) = 1.0815

Nominal interest rate = 1.0815 - 1

Nominal interest rate = 8.15%

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Money
Type of
Account
Description
Description
Typical
Interest Rate
Typically
Minimum
Balance
Add to
balance
regularly?
Is it FDIC
insured?
Write
checks/
pay bills
directly?
stuck for
a set
time?
Traditional
Savings
Account
Online
Savings
Account
Certificate
of Deposit
I
Money
Market
Account

MoneyType ofAccountDescriptionDescriptionTypical Interest RateTypicallyMinimumBalanceAdd tobalanceregularly?Is

Answers

Answer:

you put which place the name goes under like if u had ur own bank account

Answer:

I have that same assignment. Went looking at the answers and its not even nothing there.

Explanation:

What does income induces mean in economics

Answers

Answer:

Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.

Explanation:

A healthcare executive is using regression to predict total revenues. She is deciding whether or not to include both patient length of stay and insurance type in her model. Her first regression model only included patient length of stay. The resulting r2 was .83, with an adjusted r2 of .82 and her level of significance was .003. In the second model, she included both patient length of stay and insurance type. The r2 was .84 and the adjusted r2 was .80 for the second model and the level of significance did not change. Which of the following statements is true?
(a) The second model is a better model.
(b) The first model is a better model.
(c) The r2 increased when additional variables were added because these variables significantly
contribute to the prediction of total revenues.
(d) The adjusted r2 always increases when additional variables are added to the model.
(f) None of the above statements are true.

Answers

(a) The second model is a better model.

How does the inclusion of additional variables affect the model's performance?

The second model is a better model because it has a slightly higher r2 value and a lower adjusted r2 value compared to the first model. The level of significance remains the same.

While the increase in r2 suggests an improvement in the model's ability to explain the variance in total revenues, the decrease in adjusted r2 indicates that the additional variables (insurance type) might not be contributing significantly to the prediction of total revenues.

The significance level remaining unchanged suggests that the added variable does not provide a statistically significant improvement in the model's performance. Therefore, including both patient length of stay and insurance type in the model does not appear to enhance its predictive ability.

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Which of the following products is least likely to be produced in a process operations system?

Compact disks

Slacks for casual wear

Baseball hats

Calculators

Custom cabinets

Answers

Out of the choices provided above, it can be concluded to state that the custom cabinets are least likely to be produced in a process of operations system. Therefore, the option E holds true.

Process operations system can be referred to or considered as the system that follows a process of standardization, and there is a sense of uniformity throughout the entirety of the completion of this process.

When there is a production of compact disks, baseball hats, calculators, there is a higher degree of standardization, however, customized cabinets cannot be made through a process of standardization.

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what would prevent data from appearing in a custom report?

Answers

A user-created bespoke report is one that is made to satisfy certain organizational demands or specifications. The user is given the option to choose the data, fields, and format they want to utilize for the report.

What would prevent data from appearing in a custom report?

Data might not display in a custom report for a number of reasons:

1. Filters: The information might not satisfy the requirements listed in the report filters.

2. Data Availability: The data can either not be present in the data source or not have been imported into the report.

3. User Permissions: The user might not have the necessary access to view the data or permissions to run the report.

4. Report Configuration: The report configuration, including the fields chosen, can be inaccurate or inconsistent with the data source.

5. Data Integrity: Inconsistent or damaged data could result in missing or erroneous information in the report.

6. Technical Issues: There may be technical issues, such as connection problems or server downtime, that are preventing the data from appearing in the report.

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In an answer of at least two well-developed paragraphs, define the terms shortage and surplus and explain how each impact the prices of goods in the marketplace.
I will make you brainliest and you'll get 25 points


Thank youuu. I know its a lot but I really need help. ​

Answers

a surplus is a market condition existing at any price where the quantity supplied is greater than the quantity demanded. a shortage is a market condition existing at any price where the quantity supplied is less than the quantity demanded. a shortage occurs when the quantity demanded is greater than the quantity supplied at current price. consumer surplus is the difference between the maximum price consumers are willing to pay for a product and the market price of the product.

forces of surplus and shortage guarantee that all other prices are temporary. each of these definitely impact the economy and the prices of goods. if there is a shortage, most likely the price is going to go up. if there is a surplus, the price most likely will go decrease

sorry if this didn't help!!!

complete the statement with the correct words the blank was established in 2010 as a result of the dud Frank Act​

Answers

Answer: Consumer Financial Protection Bureau

Explanation:

The Consumer Financial Protection Bureau (CFPB) was established in 2010 as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act which was passed by congress in a bid to make changes to the nation's financial systems and correct factors that may contribute to another crises like the Great Recession of 2008.

The CFPB's role is to protect the interest of customers in the financial services sector and as a result all financial services providers in the United States fall under its jurisdiction including banks, securities firms and credit unions.

Jennings Manufacturing recorded operating data for its shoe division for the year. Sales $1,500,000 Contribution margin 300,000 Controllable fixed costs 180,000 Average total operating assets 600,000 How much is controllable margin for the year

Answers

Since Jennings Manufacturing recorded operating data for its shoe division for the year, the controllable margin for the year is $120,000.

What is the  controllable margin?

In the above case, to be able to calculate the controllable margin, we have  to subtract the controllable fixed costs from the amount of the contribution margin.

Hence it will be:

Controllable margin = Contribution margin - Controllable fixed costs

= $300,000 - $180,000

= $120,000

Therefore, the controllable margin for the year is known to be $120,000.

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What system did merchants in early centuries use to make commercial transactions easier

Answers

In the early centuries, merchants made use of the Mercantilism system for commercial transactions.

What is Mercantilism?

In simple terms, it is an economic theory and practice known as "mercantilism," which was prevalent in Europe from the 16th to the 18th century.

Mercantilism advocated governmental regulation of a country's economy with the goal of enhancing state power at the expense of competing for national powers.

According to the theory, a strong nation should have a sizable population because a sizable population would offer a supply of labor, a market, and soldiers.

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Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

Answers

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

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anyone in a company who influences the behavior of other employees is acting as a ___.

A. executive
B. supervisor
C. leader
D. manager

Answers

Answer:

C

Explanation

The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees

Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.

What is a leader?

A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.

A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.

Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.

Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.

Therefore, Option C  is correct.

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Interest is defined as

Answers

Answer:

in·ter·est

/ˈint(ə)rəst/

Learn to pronounce

See definitions in:

All

Commerce

Law

noun

1.

the state of wanting to know or learn about something or someone.

"she looked about her with interest"

Similar:

attentiveness

undivided attention

absorption

engrossment

heed

regard

notice

scrutiny

curiosity

inquisitiveness

enjoyment

delight

Opposite:

boredom

2.

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

"the monthly rate of interest"

Similar:

dividends

profits

returns

a percentage

Explanation:

Answer:

the feeling of wanting to know or learn about something or someone

Providing adjustable height desks to employees who need a wheelchair is an example of

A. a tangible incentive

B. a disability incentive

C. a flexible work environment

D. a reasonable accommodation

Answers

Answer: a reasonable accommodation

Explanation:

Providing adjustable height desks to the employees who need a wheelchair is simply referred to as an example of a reasonable accommodation.

A reasonable accommodation simply refers to the changes to a position or the assistance that is given to a disabled employee sonthatbthe oeroan can perform his or her job better. It is required that employers should provide their workers with reasonable accommodations.

Therefore, based on the explanation, the correct answer is D.

The stage in which the sales of a service start to lesson is called the

Answers

Answer: decline stage

Explanation:

one of the keys to increasing real gdp per capita and standards of living is

Answers

Economic growth.

One of the keys to increasing real GDP per capita and standards of living is economic growth.

Economic growth refers to the increase in the production of goods and services in an economy over time. It is typically measured by the change in real GDP, which takes into account inflation.

There are several factors that contribute to economic growth:

Investment: Increased investment in physical capital, such as machinery, equipment, and infrastructure, can lead to higher productivity and output.

Technological progress: Advances in technology can enhance productivity and efficiency, leading to increased production and economic growth.

Education and human capital: Investing in education and skills development improves the quality of the workforce, which can result in higher productivity and economic growth.

Innovation and entrepreneurship: Encouraging innovation and entrepreneurial activities can lead to the development of new products, processes, and industries, fostering economic growth.

Institutions and governance: Stable political and economic institutions, effective governance, and the rule of law are essential for creating an environment conducive to economic growth.

Trade and globalization: Engaging in international trade and participating in the global economy can provide access to larger markets, promote specialization, and stimulate economic growth.

Infrastructure development: Adequate infrastructure, including transportation, communication, and energy systems, is necessary to support economic activities and facilitate trade.

Therefore, economic growth is crucial for increasing real GDP per capita and standards of living. By focusing on investment, technological progress, education, innovation, institutions, trade, and infrastructure development, countries can foster an environment conducive to sustained economic growth, leading to improved living standards for their citizens.

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Budgetary slack occurs when a manager submits a budget that is ______.

Answers

Answer:

Budgetary slack occurs when a manager submits a budget that is too easy to attain.

Explanation:

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