The consumer surplus would be around $200 from the purchase of this product at the monopolistically competitive price.
When customers pay less for a good or service than they are willing to, this is known as a consumer surplus. It measures the extra advantage that consumers get from paying less than they would have been willing to pay for something. The value that consumers receive from engaging in a market is measured as consumer surplus. It is calculated as the difference between the price a buyer is willing to pay and the price they actually pay.
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What is the difference between tariffs and subsidies?
In addition to providing tax income, a tariff is a levy on an imported good that is intended to restrict commerce. An import product has a quantity cap known as a quota. An import ban and cost reduction for domestic producers result from trade subsidies.
What sets subsidies and tariffs apart from one another?Imported goods cost higher than domestic ones because of tariffs (good produced at home). Another frequent barrier to commerce is government subsidies to a particular domestic industry. Subsidies make producing certain items less expensive than it would be to export them. The result is a decrease in domestic prices.
Subsidies, quotas, and tariffs are a few examples of trade barriers. By restricting the sale of goods produced in other countries in some way, trade barriers are a tool employed by many countries to safeguard the employment of their own citizens and raise consumer demand for domestically produced items.
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What techniques are commonly used for backlog prioritization?
One of the following four strategies is the most effective approach:
Stack Order, Model Kano, Method MoSCoW, Expenses of Delay.
What methods are used to prioritize the backlog?Stack ranking is a common strategy for assigning priority to the product backlog. Sorting each task by priority is how stack ranking is done. The task with the most important functionalities is placed at the top of the list in this manner, followed by the next group of important tasks.
What methods are utilized in prioritization?The Most Common Methods and Techniques for Prioritizing: MoSCoW, RICE, the KANO model, and the Walking Skeleton are among others. One of the most important tools used in Agile-based frameworks and software development is the product backlog. It is used to generate story points or tasks for the subsequent sprint.
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How is the agile value responding to change over mcq?
agile value In response to the modification in mcq, The product owner might change the strategy for the upcoming sprint based on current market conditions and feedback from the previous sprint.
Agile Values refers to the four values established in The Agile Manifesto by the Agile Alliance. This collection of values promotes putting people first, releasing software quickly, communicating with customers, and modifying plans as required. Individuals and relationships take precedence over processes and instruments. The Agile Manifesto is made up of four core ideals and twelve supporting principles that guide the Agile method to software development. The four values are applied differently in each Agile approach, but they are always used to drive the creation and delivery of high-quality, functional software.
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an error in the physical count of goods on hand at the end of a period results in a $10,000 overestimate of the ending inventory. the effect or the error in the current period is
Cost of goods would be underestimated if closing inventory was overstated by $10,000.
Why do individuals tend to exaggerate?A Universidad of Alberta study suggests that exaggerating the skills of others is the cause of our lack of faith in our own talents. The research could help leaders understand how to combat self-doubt when faced with a challenging assignment.
What would it mean to undervalue your own abilities?It's not always the case that underestimating oneself translates into subpar performance, and frequently, people can see whether your work is solid or has promise. However, you don't often go out for more possibilities on your own since you're always sure if you can accomplish more than what's currently on your plate.
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which of the following is true? a) the broker-lawyer committee promulgates forms for mandatory use by license holders. b) the texas real estate commission drafts and revises contract forms for use by real estate license holders. c) the broker-lawyer committee has rule-making authority, but the texas real estate commission does not. d) the broker-lawyer committee develops forms and recommends their adoption, but it is the trec that promulgates the forms for mandatory use.
The correct option is C ; The broker-lawyer committee has rule-making authority, but the Texas real estate commission does not. All TREC contracts are drafted and revised by the Broker-Lawyer Committee.
It is made up of six Commission members, six State Bar of Texas members, and one public member nominated by the Governor's Office. In 1983, the Texas Real Estate Broker-Lawyer Committee was formed. It creates and revises contract forms for real estate licensees to utilise. The goal is to accelerate real estate transactions and eliminate conflicts while safeguarding the parties' interests.
TREC appoints six members to the Texas Broker-Lawyer Committee. They draught and modify all contracts issued by TREC. Before TREC considers a contract form for publication, the Broker-Lawyer Committee must identify a real estate transaction that necessitates the use of a standardized contract.
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What will happen if there are increases in the prices of the resources used to produce a particular good?
The increases in the price of what is used to produce the goods would have to lead to the increase in the price of goods in the market. Quantity supplied would reduce
How does high cost of production affect price?The amount offered at a given price will fall, on the other hand, if manufacturing expenses rise. Producers will need to create less in order to sell a product for a given price as a result of higher expenses.
Cost is generally the outlay made for producing a good or providing a service that is offered by a business. The cost of a product or service is determined by the customer's willingness to pay. The price of a product as well as the profit made from its sale are directly impacted by the cost of manufacturing it.
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Who is exempt from Medicare tax?
Non-resident foreign students, scholars, professors, teachers, trainees, researchers, and other aliens temporarily exempt from Medicare taxes in the United States in F-1, J-1, M-1, or Q-1 nonimmigrant status are free.
The 2022 Medicare tax rate is 2.9%. Both the company and the employee are responsible for paying 1.45% of this sum. A deduction is made from the employee's paycheck for the amount. Yes, even if you or your employer are a foreign national, you must pay the Medicare tax if you have a job in the United States. Your paycheck will immediately deduct the amount. All workers, employers, and independent contractors are required to pay the Medicare tax, which is a percentage of gross wages, in order to support Medicare. The first 0.7% Medicare HI taxes were levied in 1966. 0.35% was split equally between the employer and employee. Employees contributed when their employers withheld it from their wages. Although it has increased since 1966, the Medicare HI tax rate is still lower than the Social Security tax rate. Employers and employees each pay 6.2% of the 12.4% Social Security tax. The Medicare tax is currently 2.9%. 1.45% of that expense is shared between the employer and the employee. The amount of income that is subject to Medicare taxes is unlimited, in contrast to Social Security taxes.
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Apply the life cycle concept to a company you are familiar with or are intereted in. What tage i the company currently in? Analyze and decribe each tage in depth
The idea of the business cycle applies to a company whose growth you are interested in or with which you are familiar. Based on 5 steps, there was the.
Exactly what else does business mean?An innovative company or group that engages in professional activities is referred to as a business. They might be industrial, industrial, or something else else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a charitable cause.
What characteristics distinguish a successful enterprise?Focusing on the primary purpose for which a company was founded is one of its qualities. Although there may be opportunities to grow and add other product lines, the priority should always be on providing your core product or service while maintaining high standards for quality and customer satisfaction.
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keynesians: a. accept the countercyclical policy of doing nothing, that is, allowing market forces to work. b. focus on increasing aggregate demand in order to stimulate the economy. c. accept the fact that policymakers should eliminate inflation first before focusing on unemployment. d. believe that the level of aggregate demand in the 1930s was sufficient to generate full employment.
c. The Keynesians focus on increasing aggregate demand in order to stimulate the economy.
Keynesians accept that aggregate demand is the key to stimulating economic growth. They believe that when aggregate demand is low, government spending and/or tax cuts can be used to increase it.
This will then lead to increased economic activity, employment, and wages, which in turn will lead to increased consumer spending and investment. By increasing aggregate demand, Keynesians believe that policymakers can reduce unemployment and increase economic growth.
They also accept that government intervention is necessary to ensure that the economy is balanced and that unemployment is kept to a minimum. This includes policies such as fiscal and monetary policies that can help to increase aggregate demand while simultaneously controlling inflation.
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Is Medicare always free?
Medicare is a federal insurance program for people aged 65 years and over and those with certain health conditions. The program aims to help older adults fund healthcare costs, but it is not completely free. Each part of Medicare has different costs, which can include coinsurances, deductibles, and monthly premiums.
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With regard to the cost-based price model negotiation strategy, which of the following is true?
A. Prices are based in some way upon market standards agreed to by both supplier and purchaser.
B. Potential suppliers each submit quotations as to price, delivery, and so on."
C. Prices are based upon supplier costs.
D. Prices float based on what the customer is willing to pay.
Answer: it’s impossible all of it
Explanation:you can’t do it, because it has a gradient of 12
This statement is true regarding, the cost-based price model negotiation strategy, "Prices are based upon supplier costs." The correct option is (C).
What do you mean by the cost-based price model?Cost-based pricing is a way of setting prices that is based on how much it costs to produce, manufacture, and distribute a good.
In order to generate a profit, a product's pricing is essentially calculated by adding a portion of the manufacturing expenses to the selling price.
The overall pricing strategy is composed of the following three elements: selecting a pricing guiding principle Competitive, value-based, and cost-plus.
Calculate the product or service's total cost, which is the sum of its fixed and variable costs. To calculate the unit cost, divide the total cost by the number of units.
Therefore, this statement is true regarding, the cost-based price model negotiation strategy, "Prices are based upon supplier costs."
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What is Agile Manifesto MCQ?
The Agile Manifesto is a record that recognizes four critical values and 12 principles that its authors accept software designers ought to use to direct their work.
'The Manifesto for Agile Software Development, the manifesto detailing 4 Values and 12 Principles.
Acting as a proclamation, it is intended to further develop software development techniques, and straightforwardly answers the failure of traditional development processes. Namely, their reliance on profound documentation and a chance for oversight.
While the original report specifically set off to assist software engineers with building business arrangements in a faster and more effective way, it has had a colossal impact on the more extensive development industry and then some.
Today, bunches are as different as PR and marketing departments, coders, restaurateurs, and even The Cub scouts of America utilize the manifesto somehow, and its impact just keeps on expanding.
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with an expansionary fiscal policy, what will most likely happen to the real gross domestic product (gdp) and the nominal interest rate in the short run?
With an expansionary fiscal policy, the real gross domestic product will increase and the nominal interest rate will decrease.
The use of taxation and expenditure by the government to affect the economy is called fiscal policy. Fiscal policy is often used by governments to support robust, long-term growth and to lower poverty.
Real GDP is nominal GDP that has been inflation-adjusted. Real GDP is used to calculate the growth in production as it actually occurs, free from the impacts of inflation.
The interest rate that banks, debt issuers, and investment companies promote for loans and different kinds of investments is called the nominal interest rate.
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What are the factors of production questions answers?
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services.
What is goods and services?An economic system's output is goods and services. Services are tasks carried out for the benefit of the recipients, whereas goods are tangible items sold to customers. Automobiles, home goods, and clothing are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services. A business's output can fall somewhere in the middle of these two ideas. A landscaping business might, for instance, sell a homeowner a tree (a good) and also mow the lawn (a service).Not just consumers, but also businesses, receive goods and services.Items that are typically tangible are referred to as goods. Examples include pens, real books, salt, apples, and hats. Services are tasks performed by others, such as contractors, suppliers, and architects.To learn more about consulting services refer to:
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Microsoft Project 2016 Essential Training
1. You are given a deadline for a project. What is the drawback of using that specific date as your Project Finish Date when scheduling in the Project Information dialog box?
There is no drawback. You should always begin by using a specific date as your Project Finish Date.
Microsoft Project will work backward to determine your start date, but there will be no flexibility to accommodate delays along the way.
You should never accept deadlines that are given to you by others.
If you choose a Project Finish Date, you'll also have to manually determine your start date.
2. Etna works on many projects. As she creates a new project file, she goes to the File tab, selects Options, and then goes to the advanced category for the General section to check a box. What is she trying to do?
Create a new file with a set of parameters.
Make sure the Save As dialog box opens every time there is lapse of five minutes when editing a project file.
Set the security features for the file.
Make sure the project information dialog box automatically opens when creating a new project file.
3. Raj was concentrating so much while working on his project plan that he was late for a meeting. When he went back to his office, he noticed his system had restarted and his project file was not updated. What advice would you provide Raj in this situation?
Get a timer app to remind you about meetings.
Back up your system at least once per week.
Save your files early and often.
Call IT to see whether they can retrieve the file.
4. You would like to place an image of your project plan in a presentation. Before you copy the image, what do you need to do?
Increase your screen size as much as possible.
Make sure you can see all columns and the Gantt chart.
You don't need to do anything, because Project will condense the image.
Choose the Selected rows and columns option.
5. Rick is trying to figure out his project plan task values. Which equation would he use?
Duration = Work * Units
Units / Duration = Work
Duration = Work + Units
Duration = Work / Units
6. What is the easiest way to find a command that you use often for projects?
Right-click any tool icon in the Ribbon, then select Add to Quick Access Toolbar.
Double-click any tool icon, then select Add to Quick Access Toolbar.
Hover over any tool icon, then select Add to Quick Access Toolbar.
Drag any tool icon to the Quick Access Toolbar.
7. The _____ is a feature for managing the elements in your Project files and the Global Template.
Organizer
Elementor
Planner
Arranger
8. Your coworker is confused about the baseline in a project. What is the best description of a baseline?
It is the actual values of your schedule, scope, and costs.
It is a snapshot of your initial schedule, scope, and costs.
It is the estimated values for your schedule, scope, and costs as you progress.
9. Mako is reorganizing some of the tasks in his project plan. He selects a Summary task and its subtasks. The pointer changes to a four-headed arrow. What does this tell Mako?
He can copy the tasks, then paste somewhere else in the project plan.
He can now drag and drop these tasks to another location in the project plan.
He can delete the tasks, go to where he wants them to be, and then Undo.
He can right-click, then choose to Move the tasks to another location.
10. Kendra goes to the View tab, and turns on the Details checkbox. What does she now see in her project view?
Timeline on the bottom, Details on the top, and Gantt to the left
Details on the top, and Gantt view on the bottom
Gantt view on the top, Timeline to the right, and Details on the bottom
Gantt view on the top, with Details on the bottom
The drawback of using that specific date as your Project Finish Date when scheduling in the Project Information dialog box is Microsoft Project will work backward to determine your start date, but there will be no flexibility to accommodate delays along the way. Thus, the correct answer is option B.
What is Microsoft Project?Microsoft Project is a project management software program created and distributed by Microsoft. It is intended to help a project manager create a schedule, assign resources to tasks, track progress, manage the budget, and analyze workloads.
1. Microsoft Project will work backward to determine your start date, but there will be no flexibility to accommodate delays along the way.
2 . Etna is trying to create a new file with a set of parameters (A).
3 Raj should back up your system at least once per week (B).
4. Before, copying the image choose the Selected rows and columns option (D).
5. Rick should use the equation : Duration = Work / Units (D).
6. Then easiest way to find command that is used often for project is- Right-click any tool icon in the Ribbon, then select Add to Quick Access Toolbar(A).
7. The Organizer s a feature for managing the elements in your Project files and the Global Template (A).
8. The baseline is a snapshot of your initial schedule, scope, and costs (B).
9. Mako can now drag and drop these tasks to another location in the project plan. (B)
10. Kendra can see a timeline on the bottom, details on the top, and Gantt to the left (A).
Therefore, Microsoft Project 2016 Essential Training questions are solved.
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according to the diffusion of innovation theory, if a product is more complex, i would expect it to:
According to the diffusion innovation approach, Innovators are the risk takers, ever the first to try new products and ideas.
The spread of innovation hypothesis describes what.
One of the first social science theories was E.M. Rogers' Diffusion of Innovation (DOI) Theory, which was developed in 1962. It was developed in communication to explain how an idea or product gradually takes ground and disseminates (or spreads) through a particular population or social system.
According to the diffusion of innovation theory, consumers will accept new goods and services at varying rates.
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what helps an organization identify its customers across applications?
CRM reporting technologies helps an organization identify its customers across applications
Customer relationship management (CRM) predicting technologies are designed to help organizations identify and understand their customers better. These technologies use data analytics and machine learning algorithms to analyze customer data and make predictions about future customer behavior.
CRM predicting technologies can help organizations identify customer segments based on their characteristics, behaviors, and preferences. This can help organizations effectively tailor their marketing and sales efforts to different customer segments. Further, these can help organizations build detailed profiles of their customers, including their needs, preferences, and behaviors. This can help in understanding customers better and create more targeted marketing and sales campaigns.
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when current output is greater than potential output, which of the given monetary policies is the federal reserve (the fed) likely to enact? decreasing reserves to increase interest rates increasing reserves to decrease interest rates stimulating consumer spending by manipulating tax rates making imports more costly to increase domestic spending
When the economy is "overachieving," there is a positive output gap, which happens when actual output exceeds potential output.
when actual output exceeds potential output? When the economy is "overachieving," there is a positive output gap, which happens when actual output exceeds potential output.This may be possible in the short term, but it is uncommon and ultimately unsustainable over time.The government's primary contractionary measures are increasing the Federal Reserve Rate, raising bank reserve requirements, and selling public debt.Circulation of coins and paper money.Increases excess reserves, encourages banks to extend more credit, and boosts the amount of money in circulation.Modifying the amount of money in an economy involves contractionary and expansionary strategies.An economy's money supply rises as a result of an expansionary policy.Contrarily, a contractionary policy reduces the money supply in a nation.To learn more about potential output refer
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Where can you find the Information Security Policy (ISP)?
a. It is available in Lex.
b. It is accessible only by the information Security group (ISG) and is available in their SharePoint.
c. It is accessible by all employees and is published in InfyMe Web under World of Infosys
The Information Security Policy (ISP) that it is accessible by all employees and is published in InfyMe Web under World of Infosys -> Business Units and Subsidiaries -> Business Enabler Functions -> Information security Group (ISG) -> Repository -> Policies. The correct option is (D).
What do you mean by the Information Security Policy?An organization's goals and objectives regarding numerous security issues are outlined in an information security policy.
A security policy, also known as an information security policy or an IT security policy, is a written statement of the guidelines, standards, and general strategy that a company uses to protect the privacy, integrity, and accessibility of its data.
The preservation of the privacy, accuracy, and accessibility of the systems and data accessed by organization members is the goal of an IT security policy.
Therefore, the Information Security Policy (ISP) that it is accessible by all employees and is published in InfyMe Web under World of Infosys -> Business Units and Subsidiaries -> Business Enabler Functions -> Information security Group (ISG) -> Repository -> Policies.
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according to information found on the production analysis page of the inquirer. baldwin sold 1127 units of bat in the current year. assuming that bat maintains a constant market share, all the units of bat are sold in the wane market segment and the growth rate remains constant. how many vears willit be before bat will not be able to meet future demand unless the company adds production capacity
According to information found on the production analysis page of the inquirer, 1 year will it be before bat will not be able to meet future demand unless the company adds production capacity.
What is production analysis?
Production analysis gives you a visual depiction of the output of the production process and enables you to calculate production losses and their cost. Your business can utilise production analysis regularly to identify areas where it is losing the most money and then implement corrective measures to increase productivity and boost profitability.
You may assess the dependability of manufacturing processes using production analysis. The production output data is analysed by GE Digital APM Production Analysis so that you may identify trends in the output and assess the dependability of the underlying processes.
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According to information found on the production analysis page of the inquirer, 1 year will it be before bat will not be able to meet future demand unless the company adds production capacity.
Production analysis: What is it?You may calculate production losses and their cost using production analysis, which also provides a visual representation of the output of the manufacturing process. In order to raise efficiency and increase profitability, your company can periodically use production analysis to pinpoint the areas where it is losing the most money.
The four categories of factors of production that economists distinguish between are land, labor, capital, and entrepreneurialism. Land is the primary factor in production, but this also applies to other natural resources that are used to make commodities and services.
Production analysis can be used to evaluate the dependability of industrial operations. GE Digital APM Manufacturing Analysis analyzes the production output data so that you may spot trends and rate reliability.
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the state of texas is scheduled to receive a substantial amount of revenues as a part of a tobacco settlement. the revenues for the next five years have been sold to a commercial business for $5,000,000. assuming that texas has no involvement with the future revenues, how should it account for this transaction?
$5,000,000 should be recognized as a deferred inflow of resources, and the revenue should be recognized over a five-year period.
What do postponed inflows for pensions mean?Any portion of pension income or expense that is not shown in the employer's financial accounts in the year it occurs will be recorded as deferred inflows or outflows and amortized over a number of closed periods.
What constitutes a postponed inflow, specifically?For instance, a government might impose taxes for a time frame after the reporting period. The sum equal to (1) and (2) would be recorded as a deferred inflow of resources if the tax was (1) collected in the current period or (2) recognized as a receivable.
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What is artificial intelligence AI & Why is it important Accenture?
Artificial intelligence is a collection of technologies that can enable a machine or system to sense, comprehend, act, and learn. Training a system through machine learning or deep learning is a core part of what makes it intelligent and can be incredibly powerful.
In comparison to the intelligence exhibited via way of means of animals and humans, synthetic intelligence (AI) refers back to the perception, synthesis, and inference of records finished via way of means of computers. Speech recognition, laptop vision, language translation, and different enter mappings are some examples of jobs in which that is done.
Since its established order as a area of observe in 1956, synthetic intelligence has long gone thru a couple of levels of optimism, disappointment, and investment loss, observed via way of means of progressive strategies, achievements, and clean financing. The several subfields of AI observe are targeted on unique targets and using sure techniques.
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the healing garden is the manufacturer and marketer of organic beauty aids. its annual $40,000 donation to the nature conservancy in support of the nonprofit organization's pledge to preserve the environment is an example of: group of answer choices
The above example of the healing garden's donation to nonprofit organizations' pledge to preserve the environment is an example of corporate philanthropy. Hence, option D is appropriate.
What is corporate philanthropy?A corporation and business supporting the well-being of others through philanthropic donations of money or time are said to be engaging in corporate philanthropy.
The Council about Foundations defines corporate philanthropy as the voluntary investments and endeavors a company makes to control and account for its social effect. Money is invested in philanthropic endeavors and activities. contributions of goods.
The common business practice of contributing funds, products and services to charitable causes is known as corporate philanthropy. Corporate social responsibility (CSR) goes beyond traditional philanthropy by strategically coordinating charitable endeavors, whereas traditional philanthropy aims to promote social change through the allocation of time, money, and other resources.
Hence, option D is correct.
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Full Question:-
The Healing Garden is the manufacturer and marketer of organic beauty aids. Its annual $40,000 donation to The Nature Conservancy in support of the non-profit organization’s pledge to preserve the environment is an example of:
a) economic responsibility
b) financial empowerment
c) ethical responsibility
d) corporate philanthropy
e) corporate paternalism
A project is represented by the following diagram:
Picture
The expected duration of this project is:
A. 36.
B. 12.
C. 17.
D. 77.
E. 20.
The critical path for the network shown is:
A. b-e-h-i.
B. a-d-f-g.
C. a-d-h-i.
D. a-c-g.
E. b-e-f-g.
The expected duration of the project is 20 days (E) and its critical path is B-E-F-G (E).
Please refer to the attached network diagram below.
The network diagram given is an Activity-on-Arrow (AOA) diagram. AOA diagram helps a project manager to ensuring the project sequences and identify the project's critical path to avoid any delay on project performing.
However, AOA diagram is different from the Activitiy-on-Node (AON) diagram. AOA diagram notes its activities duration on the arrows instead on the nodes. Every node will state the project task, earliest finish, and latest finish.
Tasks on critical path should have 0 (zero) slack, or equal earliest finish and latest finish.
Based on the given network diagram, we could find that the critical path lies on B-E-F-G lines. The total project duration is expected to be 20 days.
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why do national income accountants include indirect business taxes in the income approach to gdp computation? a. indirect taxes are income payments to suppliers of resources. b. indirect business taxes are the allowances for the portion of capital worn out by producing gdp. c. indirect business taxes are part of firms' profits. d. indirect business taxes are income for the government received through collection by firms.
National income accountants include indirect business taxes in the income approach to GDP computation because (d) indirect business taxes are income for the government received through collection by firms.
GDP is subtracted from indirect company taxes to determine national income. The market value of total consumption, investment, government, and net exports costs is known as the gross domestic product (GDP). A country's economic performance may be measured using GDP.
You must subtract indirect business taxes and depreciation from the total GDP in order to calculate national income. Total interest income, rent, profit, and salaries make up the national income. Indirect taxes imposed by the government on economic producers are included in the GDP at market prices.
Since manufacturers pass these taxes on to customers, the price of the final product increases to reflect the value of these taxes.
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describe at least 2 special security considerations that should apply to a worker who is not a regular employee of an organization.
Policies and Procedures are two special security considerations.
What are Policies and Procedures?Employee rules and procedures set forth expectations for behaviour for all employees, regardless of their positions or titles. Human resources (HR) departments of businesses generally create personnel rules and procedures, which are then given to all staff members in the form of a handbook.
Workplace efficiency is improved through company rules and practises. They ensure uniformity, fairness, and conformance to US labour laws. Policies also let your team know what is and isn't acceptable behaviour. They also improve the environment at work for all workers by exemplifying your company's values.
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which one of the following is not true? bank loan is increased by a credit entry. accounts payable has a credit normal balance. cash is increased by a debit balance. revenue has a debit normal balance.
"Cash is increased by a credit balance." This statement is not true.
In general, in double-entry accounting, a credit balance indicates an increase in a liability or equity account, while a debit balance indicates an increase in an asset or expense account.
What all correct statements means?Bank loan is increased by a credit entry. This is true because a bank loan is a liability, and a credit entry increases a liability account.
Accounts payable has a credit normal balance. This is true because accounts payable is a liability, and a credit balance is the normal balance for a liability account.
Cash is increased by a debit balance. This is true because cash is an asset, and a debit balance increases an asset account.
Revenue has a debit normal balance. This is true because revenue is an income account, and a debit balance is the normal balance for an income account.
What is a Bank Loan?A bank loan is a financial product offered by a bank or financial institution that allows a borrower to borrow a certain amount of money for a specific purpose, usually to purchase a home, a car, or to cover other expenses. The borrower is required to pay back the loan, plus interest, over a predetermined period of time, known as the loan term.
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What are the 5 main elements of customer service?
The five primary components of good customer service are: respect, patience, individuality, empathy, and responsiveness.
What does exhibiting empathy entail?Inside the Compendium of Social Psychology, Hodges and Myers state that "empathy is often defined as recognizing another person's experience besides imagining oneself in that other woman's position: One comprehends the other man's story as if it were being encountered by the self, but not the self actually experiencing it.
Why do some people not have empathy?How people feel about showing kindness, empathy, and compassion is influenced by their parents, teachers, friends, society, and culture. Some disorders, such as borderline personality disorder, psychopathy, and narcissistic personalities disorder (NPD), may contribute to a lack of empathy (BPD).
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suppose a u.s.-based company buys swiss chocolate in zurich for 25,000 swiss francs (chfs) on june 1. what date is this transaction recorded on the books for the u.s. firm?
The transaction will be recorded on June 1 on the books of the US-based company.
This is because the US-based company has made the purchase on June 1 and the transaction needs to be recorded on the same day. The US-based company will record the transaction as a debit in its books for the amount of 25,000 CHFs, and a credit will be made in its books to the account of the Swiss chocolate seller.
The 25,000 CHFs will be converted to US dollars at the prevailing exchange rate on June 1 and the US dollars amount will be recorded in the company's books. The US-based company will also record the exchange rate used for the conversion in its books.
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What is the difference between a low risk investment and a high risk investment?
Riskier investments come with a higher danger of losing money, but they also have a higher potential of making money.
What are the two types of investment risk?Investment portfolios usually include both high-risk and low-risk securities. Riskier investments come with a higher danger of losing money, but they also have a higher potential of making money. Conversely, low-risk investments are viewed as safer bets that typically yield lesser returns.
Both kind of investing, you can move one step closer to your monetary goals. Following a brief description of what makes them unique, a thorough explanation of how they work is provided.
Low-risk investments, consistency is a guarantee. This can reassure investors who struggle to cope with market turbulence, but there's a catch: Unlike high-risk investments, you're less likely to realize sizable financial returns.
You may diversify your portfolio and lower overall investment risk even with safer choices.
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