All of the following about an insurer's request for a rate change is accurate, with the exception that unless a customer asks for a hearing and the Commissioner permits it, the proposal will be presumed accepted 60 days after public notice. The right response in this case is option C.
An insurance company's request to alter the rates it charges for its insurance policies is referred to as an "application by an insurer for a rate modification." This might involve requests for premium increases, decreases, or other modifications to the policies terms and conditions.
For a number of reasons, insurance firms may submit applications for rate modifications. For instance, they can try to raise their rates if the price of providing coverage rises due to higher claim payments or changes in the price of medical treatment.
Additionally, they could try to modify their rates in reaction to shifting market dynamics like heightened competition or shifting client demand.
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When P = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrease in the price of this good, quantity demanded rises by 5 units and quantity supplied falls by 5 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.
$2; 35 $3; 40 $4; 35 $2; 45 $3; 35
$3 and $40 will be the answer, as if the price declines by $2 to $3 , that means demand will increase to $40 and supply will decline to $40, that maintains an equilibrium level.
The quantity demand for this commodity increases by 5 units for every $1 decrease in price, while the amount supplied decreases by 5 units. This good has an equilibrium price of $3 and an equilibrium quantity of 40 units.
When market supply and demand are balanced, prices become stable then it is in equilibrium. In general, a shortage or undersupply causes prices to increase, which reduces demand, while a surplus or excess causes prices to decrease, which increases demand.
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If the accounting profit for a firm is negative, the:
a) economic profit must be positive.
b) economic profit must be negative.
c) firm should produce more.
d) firm will not owe any taxes to the government.
If accounting profit for a firm is negative, the firm will not owe any taxes to government.
What is accounting profit?The bottom line of organization's income statement shows its accounting profit, which is its net income. In order to arrive at the final amount, all revenue that the business earns is taken into account along with all costs. A few typical revenue sources are the selling of products and services, the receipt of dividends or interest, and rental income. Accounting profit is the amount of net income that appears on an organization's income statement; economic profit is the amount of cash flow that is produced above all other opportunity costs. While they may sound similar, accounting profit and economic profit are actually very different, and this tutorial will help you grasp both thoroughly.
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Frequency is the number of different members of the target market as expressed by the number of households/consumers exposed to an advertising medium at least once during a specific time period.
- True
- False
False. According to the number of houses or customers exposed to an advertising medium at least once within a given time period, frequency is the number of distinct target market participants.
What type of measurement is most frequently employed in media planning?The number of times a target audience sees the advertisement is multiplied by the proportion of impressions that represent that audience in GRPs. Where accurate measurement is impossible, classic ad forms are where it is most frequently used. Media planning and purchase primarily employ ratings points.
Which of the following distinguishes IMC from IBP?IMC prioritizes communications while IBP focuses on the brand, which is the main distinction between integrated marketing communications and integrated brand promotions.
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Which of the following is not an advantage of using mathematical MS models?a. quickly evaluating many alternativesb. compression of timec. easy experimentationd. guarantee of optimal solutione. cost of making "errors" is small
The guarantee of optimal solution is not an advantage of using mathematical MS models
In order to examine, comprehend, and forecast the behavior of complex systems, mathematical models are used. They can be helpful tools for making decisions and solving problems, but they have limitations and can't always guarantee the best outcome. A mathematical model might not be able to provide the best outcome for a number of reasons. One explanation is that the model can be founded on hypotheses that don't adequately represent the system being studied in real life.
Further, the model may be based on incomplete or insufficient data. To accurately represent a complex system, a model needs to be based on a large and diverse set of data. If the data used to build the model is limited or biased in some way, the results of the model may not be representative of the real-world system.
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In global trade the total cost of producing, storing, and transporting a product to the site of consumption or another port is referred to as the: landed cost delivery cost value-added tax indirect cost
The landed cost, as used in international trade, is the sum of a product's production, storage, and transportation costs to its final destination or another port.
What does "global trade" refer to?The total imports and exports of each participating country make up global trade, which is the cross-border interchange of goods and services. The price of each good or service sold is determined by supply and demand, with sporadic government involvement, which governs the market.Trade is essential to the prosperity of America because it promotes economic expansion, helps to create excellent employment domestically, raises living standards, and enables people to sustain their families with reasonably priced goods and services.The landed cost, as used in international trade, is the sum of a product's production, storage, and transportation costs to its final destination or another port.To learn more about International trade refer to:
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On the basis of the diagram above showing an economy's production possibilities curve for two goods, which of the following statements must be true?
I. The opportunity cost of moving from point P to point R is 10 units of Y.
II. The opportunity cost of moving from point R to point P is 8 units of X.
III. The opportunity cost of moving from point Q to point R is 0 units of Y.
Select one:
a. I, II, and III
b. I and II only
c. I only
d. III only
e. II and III only
On the basis of the diagram attached below showing an economy's production possibilities curve for two goods, the statements I, II, and III must be true. Hence option (a) is the answer.
What is a production possibility curve?The "production possibilities curve" (PPC) graph shows all the variations of output that can be produced with the resources and technologies at hand. The possible combinations of two items that a country's economy can produce are displayed on a production possibilities curve. The Production Possibilities Frontier (PPF), also known as the Production Possibilities Curve (PPC), represents tradeoffs and scarcity.
It is implied that there is a shortage by the production possibilities curve's decreasing slope. Resource allocation based on comparative advantage is what gives the production possibilities curves their bowed-out shape. Three different production possibility curve types are available in total, they are concave and convex, and a straight line that slopes downward.
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The complete question is:
On the basis of the diagram below showing an economy's production possibilities curve for two goods, which of the following statements must be true?
I. The opportunity cost of moving from point P to point R is 10 units of Y.
II. The opportunity cost of moving from point R to point P is 8 units of X.
III. The opportunity cost of moving from point Q to point R is 0 units of Y.
Select one:
a. I, II, and III
b. I and II only
c. I only
d. III only
e. II and III only
a client claims that their computer keeps rebooting itself without warning. which of the following is the best action you should take to investigate and troubleshoot this issue?
In order to diagnose the problem and test the power source, a client states that their computer continues reboot by itself without warning.
The motherboard or computer is most likely to blame for frequent reboots. Less likely, but still feasible, is that it's the RAM. In this case, the power source is the least likely culprit reboot for the issue. In the event of power surges and power outages, installing an Uninterruptible Power Supply (UPS) can stop data loss. It enables correct document saving and application system shutdown without running the risk of data loss. Your computer might create an computer error or reboot suddenly if one of its hardware components is malfunctioning.
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Jenna's sister lives in California and asks Jenna to refer her to a licensee in her town. Jenna completes the referral and receives a check from the agent in California. Is this allowed?
Yes, this is allowed. Jenna can refer her sister to a licensee in California and receive a referral fee or commission for her service. Real estate referral fees are a common practice in the industry and are typically paid to individuals who refer clients to licensed real estate agents.
However, it's important for Jenna to ensure that she complies with any local or state regulations regarding real estate referrals and commissions to avoid any legal or ethical issues. As long as the referral is made transparently and in accordance with the relevant laws and regulations, Jenna can receive compensation for her referral.
Real estate referral programs are a way for agents to generate leads and expand their network while compensating those who refer potential clients. These programs are beneficial for both parties involved and are a legitimate practice within the real estate industry, as long as they are conducted in a lawful and ethical manner.
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we use the catchy acronym the to describe the amount and type of resources that any firm or organization enjoys:
The quantity and nature of resources that any business or organisation has access to: Total Resources Available (TRA).
What is resources?Resources are material, services, and people that can be used to accomplish a goal. They can include physical assets such as land, buildings, and equipment, as well as intangible assets such as knowledge and expertise. Resources also encompass the people that can contribute their time and skill to the accomplishment of a task or project. In the business world, resources are used to create products and services for customers. Companies must manage their resources efficiently in order to remain competitive and profitable.
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_____ is the conversion of the sender's ideas and thoughts into a message.
a. Development
b. Envelopment
c. Processing
d. Decoding
e. Encoding
Encoding is the conversion of the sender's ideas and thoughts into a message. So option e is the correct option.
How do you mean by encoding?Encoding is the procedure used in computers to transform a string of characters (letters, numbers, punctuation, and some symbols) into a specific format for fast transmission or storage.
Which is better, encoding or decoding?While encoding is the exact opposite of decoding—using individual sounds to construct and create words—reading or interpreting printed words into sounds is decoding. To read and write, we must first develop phonological awareness, or the capacity to recognize that words are composed of smaller sounds, or phonemes.
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Apply the life cycle concept to a company you are familiar with or are interested in. What stage is the company currently in? Analyze and describe each stage in depth.
The business cycle concept to a company you are familiar with or are interested in growth in this stage. There was the based on the five stages.
What is business cycle?
The term “business cycle” refers to the expansion of a business as well as the rise and fall of the economy. The business cycle refers to the various economic factors such as interest rates, investment, the trading system, profit, and production costs.
One problem that the business cycle is encountering at this level is the need to control its complexity and the possibility of conflict as it grows and evolves. In order to successfully navigate this stage. Organizations in the growth stage enjoy a rise in resources and an extension of their operations.
As a result, the business cycle concept to a company you are familiar with or are interested in growth in this stage. There was the based on the five stages.
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advertisers are known to state their message many times and in simple and informative ways during a single promotion. this is because they ____ 1)want to establish their credibility.
2)are trying to be persuasive.
3)are addressing a hostile audience.
4)are attempting to confuse the audience.
5)are new presenters.
Advertisers are known to state their message many times and in simple and informative ways during a single promotion. this is because they are trying to be persuasive.
Why do you use the term "advertisers"?A person or business that pays for the web, print, television, or poster advertising of a good, service, or job is known as an advertiser. 2. name; noun. Some neighborhood newspapers use the word "advertiser" in their names.
What function does a marketer perform?Conducting market research, working with the sales and design teams to develop focused ad campaigns, reviewing multimedia ads to ensure a consistent brand voice, and keeping track of the success of ad campaigns to gauge return on investment and guide future marketing are all tasks that fall under the purview of the advertiser.
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which of the following best describes how a consumer maximizes total utility from the consumption of a bundle of goods and services?
By choosing the combination of goods such that the marginal utility per dollar spent on the last unit of each good is equal, the best describes how a consumer maximizes total utility from the consumption of a bundle of goods and services.
The marginal utility is the term which refers to the consumption of the products or services is utilized by the consumer.
There are three types of marginal utility which are positive marginal utility, negative marginal utility and zero marginal utility. If the consumption of the particular products or goods is increased exponentially then it comes under positive marginal utility.
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Managing a firm's value-chain activities on a country-by-country basis to address diverseopportunities and risks is known as ______
Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as local responsiveness
The ability of a business to manage its value-chain activities on a country-by-country basis to address various possibilities and risks is referred to as local responsiveness. A business that is responsive on a local level can adjust its offerings, marketing campaigns, and other initiatives to suit the unique requirements and preferences of clients in other nations.
For businesses with international operations, being locally responsive is crucial because it enables them to seize local market opportunities and reduce risk. For instance, a company that can swiftly modify its products to match shifting consumer preferences in various nations is more likely to succeed than one that adopts a fit all strategy.
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Houses in the local area have had an increase in sales price and a decrease in days on the market. A broker who is attempting to determine the current market value for a residential listing would get the BEST estimate of value by using?
Comparables that are no more than six months old.
Any kind of improved property can be appraised using the cost approach. It is the best method for determining the value of unique properties.
The estimated land value, as well as the depreciated costs of the building and other improvements, are combined in the cost approach to provide a value indication.
What are the three kinds of evaluations?
However, appraisal practice has historically recognized the Comparison Approach, the Income Approach, and the Cost Approach as the three primary appraisal methods.
What are the two kinds of evaluations?
The full appraisal, the exterior-only appraisal, the rental analysis, and the broker price opinion are the four types. A full evaluation is the most well-known sort of examination. All kinds of home appraisals use the same method for determining the appraised value. The costs of each appraisal are different.
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Ryan has the following capital gains and losses for 2021: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct: The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain. The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain. The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain. The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain.
The correct option is
A) The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
According to the information provided, the amount of $6,000 STCL will have to offset the $5,000 28% gain, which represents the gain subject to the highest tax rate, while the remaining $-$1,000 of 25% gain, which represents the loss, will also offset the gain subject to the next highest tax rate.
Hence
Net capital gain= $6,000 STCL - $5,000 28% gain
Net capital gain= - $1,000 of 25% gain
Therefore the net capital gain is composed of
$1,000 25% gain and $6,000 0%/15%/20% gain.
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In The Distinguished Gentleman, Eddie Murphy plays a con man with a similar name
as a long-running Congressman. When the politician dies, Murphy runs for office
using the politician's name: Jeff Johnson. He's careful not to go on camera but uses
taglines in commercials such as "Johnson: The name you trust." He eventually
achieves a slim victory. How does Murphy's character use voter ignorance to win the
election? (Hint: The answer is only slightly different than the way most politicians use
voter ignorance to win elections.)
Answer:
In The Distinguished Gentleman, Eddie Murphy's character uses voter ignorance to win the election by pretending to be the deceased Congressman whose name he is using. By not revealing his true identity and instead using the trusted name of the deceased Congressman, Murphy's character is able to gain the voters' trust and ultimately achieve a slim victory in the election. This is similar to the way most politicians use voter ignorance to win elections, by presenting themselves in a way that appeals to voters and plays on their lack of knowledge about the candidate and their policies.
the sales force of a company that provides the company's product specifications to the customer acts as a(n) question 46 options: 1) decoder. 2) interpreter. 3) receiver. 4) message channel. 5) noise.
A company's sales force serves as a messaging channel by providing the customer with information about the company's product characteristics.
Which of the following is a tactic to encourage consumers to distribute a brand's message rapidly and dramatically?Viral marketing is a tactic used to persuade customers to broadcast a marketer's message widely and quickly, frequently via email or online video.
What enables the sender and receiver to communicate so that the sender can learn whether the message was correctly received and decoded?Feedback cycle enables communication between the sender and the recipient, letting the sender know whether the message was properly received and decoded. Senders frequently modify their messages to fit the medium and the characteristics of the receiver because each recipient may interpret the sender's message differently.
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What was the name of the legal act that President Obama signed in March of 2010 that gave tax credits to employers for each person hired. This was worth anywhere from $2400 to $9000?
What is the estimated number of businesses who take all of the tax credits available to them, leaving billions of dollars unclaimed in federal and local taxes?
What two types of hires would increase the amount of tax credits available?
The Hiring Incentives to Restore Employment (HIRE) Act was signed into law by President Barack Obama on March 18. Tax credits worth approximately $17.6 billion are included in the bill to encourage employment, and approximately $20 billion is provided for highway and transit infrastructure programs.
What laws were enacted under President Obama?During his first two years in office, Obama enacted a number of significant bills. The most important changes are: the Dodd–Frank Wall Street Reform and Consumer Protection Act, also known as the "ACA" or "Obamacare," the Don't Ask, Don't Tell Repeal Act of 2010, and the Affordable Care Act.
In 2009, what law did Obama enact?The bill was approved by the Senate with a vote of 60–38, with three Republicans and all Democrats and Independents supporting it. The Recovery Act was enacted into law by President Barack Obama on February 17, 2009.
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The ways in which women communicate differently from men include all except multiple choice
O share credit for success. O ask questions for clarification. O boast about themselves. O more likely to add qualifiers. O downplay compliments.
The ways in which women communicate differently from men include all except more likely to add qualifiers.
Consult a medical expert before starting a new or significantly different fitness routine. Medical experts are able to recognize pre-existing problems, and family history can be used to help create an activity plan.
One of the most crucial things a person can do to increase their overall physical health is to engage in regular physical activity. Exercise has the benefit of reducing stress and enhancing blood circulation throughout the body. Additionally, they lower the risk of obesity and cardiovascular issues.
The medical expert would be knowledgeable about all of the medical conditions that a person is experiencing as well as any potential consequences that might occur if the workout programme is not correctly followed.
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In a bottom-up approach to Six Sigma projects, _____ choose the projects that are well-suited to thecapabilities of teams.a.black beltsb.team membersc.green beltsd.champion continue
Black belts select the Six Sigma projects that are best suited to the capability of teams using a bottom-up methodology.
How does a bottom-up approach work?The "bottom-up approach," a method of making organizational decisions, starts at the base of the hierarchy and works its way up. However, this actually means that decisions won't always be decided by the CEO or department head (this is known as a top-down approach).
What is the fundamental aspect of the bottom-up approach?A completely different process is used in the bottom-up analysis. The analysis of a single stock's specific qualities and micro attributes is frequently the focus of the bottom-up approach. Fundamentals that relate to specific businesses or industries are the main emphasis of bottom-up investing.
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Richard is a wealthy and successful businessman who is well known for financing many successful start-ups. He has earned a sizable amount of profit by providing capital to start-ups in return for a share of their profits. In the given scenario, which of the following statements is true of Richard?
Richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings.
Why did Richard decide to start his own business?Richard is unambitious and prefers spending most of his time by himself. His colleagues consider him aloof and insecure. He finds it difficult to work under high pressure and often blames his colleagues. According to the Big Five personality dimensions, Richard's personality is low in agreeableness.
Uber Technologies was founded in 2009 and quickly rose to become the world's most valuable startup. The company has now acquired several of its competitors in various industries, including Lime and Postmates. What began as a solution to a widespread problem turned out to be an absolute goldmine for the entrepreneurs who made it possible. 1. Airbnb (Pinterest)
Airbnb is without a doubt one of the most inspiring startup success stories.
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Cullumber Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isnât equipped to do. Estimates regarding each machine are provided here.
Machine A Machine B
Original cost $75,700 $189,000 Estimated life 8 years 8 years Salvage value 0 0 Estimated annual cash inflows $19,800 $39,800 Estimated annual cash outflows $4,990 $10,100 Calculate the net present value and profitability index of each machine. Assume a 9% discount rate. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round answer for present value to 0 decimal places, e.g. 125 and profitability index to 2 decimal places, e.g. 10.50. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
Machine A Machine B
Net present value enter a dollar amount rounded to 0 decimal places enter a dollar amount rounded to 0 decimal places Profitability index enter the profitability index rounded to 2 decimal places enter the profitability index rounded to 2 decimal places Which machine should be purchased?
select a machine Machine BMachine A should be purchased.
view Procedures Currently Making an Attempt One of two new diagnostic devices is something Cullumber Corp. is thinking about getting. Either machine would enable.
the business to submit a bid for projects that it is not currently qualified to complete. These estimates are given for each machine. $77,700 Machine A; $181,00 Machine B original price Life expectancy is 8 years. 0 0 0 $20.500 $40,400 in salvage projected yearly cash inflows projected yearly cash outflows $5,070 $10,000 To view the factor table, click here. Determine each machine's profitability index and net present value. 9% is the assumed discount rate. (If the net present value is negative, use either a minus sign (-) or parenthesis (e.g., 45) before the number (45). Present value rounding to decimal.
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13. assume the u.s. interest rate is 2 percentage points higher than the swiss rate, and the forward rate of the swiss franc has a 4 percent premium. given this information:
We can infer from this evidence that American investors that seek covered interest arbitrage generate higher rates of return than they would if they invested domestically.
In order to profit from minute discrepancies in the item's quoted price, arbitrage is the simultaneous acquisition and sale of the same or a comparable asset in separate markets. It makes use of transient price changes for equal or comparable financial products traded on several exchanges or in various formats.
When arbitrating disputes involving overseas transactions, U.S. businesses typically use Switzerland as the venue. The Swiss Federal Tribunal (SFT), which handles appeals of arbitral awards, has determined via a review of its decisions that businesses that chose to arbitrate in Switzerland frequently also participated in related legal actions in other jurisdictions. Given this, a business contemplating Switzerland as a possible venue for future arbitrations should carefully analyze its regulations regarding the relationship between arbitration and other sorts of legal proceedings.
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how do property rights benefit entrepunuers?
refer to exhibit 3-9. x is produced using input z. if the price of z rises, an economist would expect a movement in the market for x from
Z as an input results in X. An economist would anticipate a shift in the market for X from F to E if Z's price increases.
What triggers a market's evolution?The demand curve for products and services can move, resulting in a different amount being demanded at any given price, due to changes in preferences, population, income, the cost of alternative or complementary commodities, and expectations about future conditions and pricing, to name a few.
What explains a rightward shift in the market curve the best?A new manufacturing method that makes the greatest products more affordable to produce can be used to explain a shift to the right in the supply curve of the market. A new production technique, for instance, might lead to the supply curve moving to the right, which would lower the equilibrium price and increase output.
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The complete question is:
b owns a whole life policy with a guaranteed insurability option that allows him to purchase, without evidence of insurability, stated amounts of
He may obtain additional whole life coverage at specific times under his whole life policy with a guaranteed insurability option.
An alternative for whole life insurance that offers guaranteed insurability is what, exactly?The right to purchase further permanent life insurance policies is guaranteed for the policyholder by the Guaranteed Insurability Benefit Rider, even if there is no proof of insurability. Nationwide will permit the acquisition of a further life insurance policy on each option date outlined in the contract.Usually, proof of insurability is required before face amount increases. Additionally, a rise in premiums that necessitates a rise in the face amount in order to continue to fall under the purview of Code section 7702's definition of life insurance typically necessitates the production of evidence of insurability.He may obtain additional whole life coverage at specific times under his whole life policy with a guaranteed insurability option.To learn more about Whole life policy refer to:
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Kathy worked as a regional sales manager at PharmCo, a pharmaceutical company in Pennsylvania, for over 25 years. At the age of 51, Kathy was denied a promotion because the company decided she was too old for the next-level job position. The new position was later filled by a younger employee whom Kathy had previously supervised. Under the Age Discrimination in Employment Act (ADEA), Kathy should file a(an)
disparate treatment claim against her employer.
intersectional discrimination claim against her employer.
disparate impact claim against her employer.
retaliation claim against her employer for denying her a promotion.
Under Age Discrimination in Employment Act (ADEA), Kathy should file disparate treatment claim against her employer.
What is disparate treatment?One type of unlawful discrimination under US labor law is disparate treatment. The term "discrimination" in the United States refers to treatment of a person unfairly because of a protected feature (such as race or gender) under Title VII of the United States Civil Rights Act. In contrast, disparate impact occurs when an employer adopts a neutral rule that appears to treat everyone equally, but has a different negative impact on certain people who have a protected characteristic than on others. When it is established that a member of a protected group was picked out and treated less favorably than other individuals in a similar situation on the basis of an illegal factor under Title VII, a disparate treatment violation has occurred. Whether or not the employer's conduct were driven by discriminatory intent is at issue.
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in the introduction section of a proposal, which of the following would be the best way to persuade the receiver to read the rest of the proposal? group of answer choices a.Mention a remarkable resource available exclusively to you.
b.Present a detailed budget that shows a low overall cost.
c.Give the background and credentials of everyone who will be working on the project.
d.Provide a timetable for all activities.
Option (a), The greatest technique to convince the reader to read the rest of the proposal is to mention an exceptional resource that you have access to in the opening section.
What key element needs to be considered when writing a business proposal?Finding out if you've been given permission to submit the proposal. recommendation. Data, facts, comments, and other types of information are presented without analysis or recommendations.
Which of the following constitutes the most important part of the proposal?Work Plan, Work Scope Statement, or Work Statement The Statement of Work is the most crucial element of every proposal. These concepts have been referred to as the research plan, protocol, and scope of study.
Why is it so important to know your audience before writing proposals?Knowing your audience will help you make decisions about the information to include, the structure in which to provide it, and the kinds of supporting details the reader will need to comprehend what you are presenting.
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The effect of trade on____________ workers depends considerably on the _____________________ and indirect effects felt in other parts of the economy.
Select the correct answer below:
a. low-wage, unionization of labor markets
b. high-wage, low-wage, unionization of labor markets
c. low-wage, structure of labor markets
d. high-wage, structure of labor markets
The effect of trade on low wage workers depends considerably on the unionization of labor markets and indirect effects felt in other parts of the economy.
What do trade and an example mean?The act of purchasing, selling, or exchanging goods or services between individuals, businesses, or nations is known as trade. Every element of international trade was directly under the ministry's authority. discussions for a new global trade deal. Trade between Texas and Mexico dates back a long time.
In business, what does trade mean?Any activity conducted for the purpose of generating income from the sale of goods or providing services is often included in the definition of commerce or business. For the purposes of some other Internal Revenue Code requirements, it is not restricted to integrated aggregates of assets, operations, and goodwill that constitute businesses.
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