a) Tactical level: Seasonal space choices and space utilization decisions are typically made at the tactical level. These decisions involve planning and allocating space based on seasonal demand fluctuations and optimizing space utilization within the supply chain network.
b) Strategic level: Setting customer service standards is a strategic-level decision. It involves defining the overall customer service objectives and determining the level of service the company aims to provide to its customers. This decision sets the foundation for the supply chain's customer-centric approach.
c) Operational level: Routing and dispatching decisions are made at the operational level. These decisions involve assigning and scheduling delivery routes, managing transportation resources, and coordinating the movement of goods in real-time to ensure timely and efficient delivery.
d) Operational level: Processing orders, filing, and managing backorders are operational-level decisions. These decisions involve the day-to-day activities of order processing, including order entry, order fulfillment, maintaining order records, and managing backorders to meet customer demands.
e) Tactical level: Equipment selection and warehouse layout design decisions are typically made at the tactical level. These decisions involve selecting appropriate equipment and designing the layout of the warehouse to optimize material handling, storage capacity, and overall operational efficiency.
f) Strategic level: Contracting vendor selection and forward buying decisions are strategic-level decisions. These decisions involve evaluating and selecting vendors, negotiating contracts, and making long-term purchasing decisions to establish strategic partnerships and ensure a reliable supply of goods and services.
Supply chain decisions can be categorized into three levels: strategic, tactical, and operational. Strategic decisions are long-term and focus on the overall direction and competitive advantage of the supply chain. Tactical decisions are medium-term and involve planning and resource allocation to achieve strategic objectives. Operational decisions are short-term and involve day-to-day activities to ensure the smooth execution of the supply chain processes.
In the given list, decisions such as seasonal space choices and utilization, equipment selection, and warehouse layout design are tactical decisions as they involve medium-term planning and resource allocation. Setting customer service standards and vendor selection with forward buying are strategic decisions as they impact the overall direction and competitiveness of the supply chain. Routing and dispatching, as well as processing orders and managing backorders, are operational decisions as they involve the day-to-day execution of supply chain activities.
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Identify two of Tumi Manufacturers complies with the
Two of the laws that Tumi manufacturers comply with are
Labor lawsEnvironmental laws.What is corporate social responsibilityThis is the responsibility of an organization to the the area where they operate.
The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.
Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.
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John owns a bond with a 4% yield to maturity and a 6% coupon. This bond pays interest semiannually and has 5 years to maturity. Which one of the following is correct?
A The present value is assumed to be $1,000.
B The current price of the bond will be greater than the par value.
C The amount of each interest payment is $60.
D The bond is selling at a discount.
E You can do it!
D The bond is selling at a discount. The bond's yield to maturity (YTM) is 4%, which is lower than the coupon rate of 6%.
When the YTM is lower than the coupon rate, it indicates that the bond is selling at a discount. This means that the bond's current price is lower than its par value. The bond pays interest semiannually, which means it pays a coupon payment twice a year. To calculate the amount of each interest payment, we need to divide the coupon rate by the number of coupon payments per year. In this case, the coupon rate is 6%, so each interest payment would be (6% / 2) = 3% of the bond's par value. The present value of the bond is assumed to be $1,000, but this information is not relevant to determining whether the bond is selling at a discount. The current price of the bond being greater than the par value is incorrect because the bond is selling at a discount, not at a premium. Therefore, option D is the correct answer.
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Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?
Answer:
liabilities.
Explanation:
A balance sheet is prepared based on the accounting equation of assets = capital + liabilities.
The liability section is where the debts of the business are recorded. Liabilities represent what the business owes to suppliers and other third parties. They are expressed in monetary value. Liabilities are further subdivided into current and long term liabilities.
counts accounting beta is 1.3 and its tax rate is 25%. if it is financed with 21% debt, what is its unlevered beta? do not round intermediate calculations. round your answer to two decimal places.
The Unlevered Beta value is 3.81
What does "unlevered beta" mean?Unlevered beta, also known as asset beta, gauges a company's market risk without taking debt into account. By "unlevering" a beta, the risk associated with the assets of the company alone is isolated from the financial implications of leverage. Or how much of the company's risk profile was attributable to its equity.How to calculate unlevered beta?Where:
BL is the firm's beta with leverage =1.3
Tc is the corporate tax rate = 25%
D/E is the company's debt/equity ratio = 21%
Unlevered Beta = (Beta with leverage) /(1+(1-tax rate % )*(debt ratio)
= 1.3 / (1+ (1-0.25) * (0.21)
=1.3/ 1.75 *(0.21)
=1.3 / 0.367
=3.81
The Unlevered Beta value is 3.81
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The product positioning strategy based on a category or type of product is the positioning approach of:
A) product user
B) product class
C) use or application
The product positioning strategy based on a category or type of product is the positioning approach of product class.
Product class positioning is a strategy that focuses on the characteristics and benefits of a particular category or type of product. It involves positioning a product relative to other products in the same category or class. For example, a company that produces a high-end line of laptops may position their products as the premium option in the laptop category.
On the other hand, product user positioning focuses on the characteristics and benefits of the target market or user of the product. Use or application positioning, as the name suggests, focuses on how the product is used or applied by the consumer.
While all three positioning approaches can be effective in certain situations, product class positioning is particularly useful when there is a clear distinction between categories of products and when consumers are highly familiar with those categories.
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The product positioning strategy based on a category or type of product is the positioning approach of B) product class.
In a product positioning strategy, companies aim to create a unique and distinct image of their product in the minds of their target consumers. This helps the product stand out in a competitive market and establishes its identity.
When using the product class positioning approach, businesses focus on differentiating their product based on the specific category or type of product it belongs to. This allows them to highlight the product's unique features, benefits, and advantages compared to other products within the same class. This strategy is particularly useful when there is a large variety of similar products available in the market, as it helps consumers to quickly and easily distinguish between different offerings.
By concentrating on the product class, the positioning strategy enables the business to showcase its product's superiority within its category. This can lead to increased brand recognition, consumer loyalty, and overall market success. To achieve the desired positioning, companies need to invest in effective marketing and communication strategies that clearly convey the unique attributes of their product class.
In conclusion, when positioning a product based on its category or type, the product class positioning approach is the most appropriate method. This strategy helps businesses create a distinctive image for their product, allowing it to stand out among competitors and appeal to target consumers.
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the career summary section of a résumé should provide the candidate's ________.
The career summary section of a résumé should provide the candidate's professional profile and career highlights.
The career summary section is usually located at the beginning of the résumé and is designed to grab the attention of the employer. It should contain a brief overview of the candidate's professional profile and career highlights. The summary should be customized to the job the candidate is applying for and should highlight the most important qualifications and achievements relevant to the position. This section should also include the candidate's goals and objectives, as well as any personal qualities that make them a good fit for the position. The goal of the career summary is to convince the employer to continue reading the résumé and to schedule an interview with the candidate.
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Two way how the government impacts/affects the economy?
Explanation:
The government may also adjust spending, tax rates, or introduce tax incentives. ... As a result, these elected members of the government have a great deal of influence on the economy. Fiscal and monetary policies are intended to either slow down or ramp up the speed of the economy's rate of growth
Answer:
adjusting the cost of borrowing money (by lowering or raising the interest rate)
managing the money supply
and controlling the use of credit.
Lamike owns 1,000 shares of DAS. Inc.'s common stock. The stock has a par value of $1 per share and is currently selling for $80 per share. DAS declares a 20% stock dividend. In a perfect capital market, after the dividend Sam will have A) 1,200 shares selling for $66.67 each. B) 1,020 shares selling for $80.80 each. C) 1,200 shares selling for $96.00 each. D) 1,020 shares selling for $64.00 each.
In a perfect capital market, based on the provided information, after the dividend Sam will have 1,200 shares selling for $66.67 each. Therefore, the correct option is A.
A stock dividend of 20% means that Lamike will receive 20% more shares of DAS Inc.'s common stock. Therefore, Lamike will receive 20% of 1,000 shares, which is 200 shares. After the stock dividend, Lamike will have a total of 1,200 shares (1,000 + 200). However, the par value of the stock remains the same at $1 per share.
To calculate the new price per share, we need to divide the market value of the stock by the total number of shares. The market value of the stock after the dividend will be 1,200 shares x $80 per share = $96,000.
Dividing this by the new total number of shares (1,200) gives us a price of $80 per share.
However, since the question asks for the price per share in a perfect capital market, we need to take into account that the stock dividend will not affect the total value of the company. Therefore, the market value of the company will remain the same at $80,000 (1,000 shares x $80 per share).
To adjust for this, we can divide the market value of the company by the total number of shares after the dividend (1,200). This gives us a price per share of $66.67.
Therefore, the correct answer is A) 1,200 shares selling for $66.67 each.
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The National Revenue Authority (NRA), is charged with the collection of tax revenues for the National Treasury. Each year they are given a target to achieve. However, from past experience the Authority has realized the actual collections achieved is dependent on the performance of the economy.
This has gotten the Commissioner worried to such an extent that he has summoned a meeting of all the Unit Directors to consider how well to incorporate this uncertainty into the Authority’s decision making and planning. Being the Director of Planning, you have been tasked with the guidance of the whole team.
Required:
1. Advise on the procedure generally followed in the decision making process.
2. Explain clearly the key activities involved in the risk assessment process.
3. Comment on the relationship between decision making and risk analysis.
4. Briefly explain the characteristics of the main decision types and which one would be more at play in this situation.
1. The procedure generally followed in the decision-making process involves identifying the problem or objective, gathering relevant information, generating potential solutions, evaluating and selecting the best option, implementing the chosen decision, and finally, monitoring and adjusting as needed.
2. The key activities involved in the risk assessment process include identifying potential risks, analyzing their potential impact and likelihood, prioritizing risks, and developing risk mitigation strategies.
3. The relationship between decision making and risk analysis is that risk analysis provides valuable insights into the potential consequences of different choices, allowing decision-makers to make more informed and prudent decisions.
4. The main decision types are programmed decisions, semi-programmed decisions, and non-programmed decisions; in this situation, non-programmed decisions would be more at play due to the unique and uncertain nature of incorporating economic performance into tax revenue collection planning.
In the decision-making process, the team first defines the issue at hand and gathers data and insights related to the uncertainty of tax revenue collection. They then brainstorm and evaluate various approaches to incorporate this uncertainty into their planning and target setting. Once a suitable strategy is chosen, they implement it and continually monitor its effectiveness to make adjustments if required.
The team will engage in risk assessment by identifying factors that can influence tax revenue collection, such as economic performance. They will then analyze the impact of these factors on revenue targets and the likelihood of different economic scenarios. After prioritizing risks based on their significance, the team will devise appropriate risk management strategies.
By conducting a risk analysis, the team gains a deeper understanding of how economic performance can affect tax revenue collection, allowing them to assess the feasibility of their decisions and consider contingency plans to address uncertainties.
As economic performance can vary significantly each year, the situation requires non-programmed decisions that are custom-made and adaptable to address the uncertainty associated with revenue collection targets based on the ever-changing economic conditions.
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A retailer decreased the price of handmade glass ornaments to $10. Which of these would occur? a new equilibrium point, because the demand would decrease a shortage, because the price would be lower than equilibrium price a surplus, because the price would be lower than equilibrium price selling more ornaments, because reducing the price would increase supply.
Since the retailer decreased the price of handmade glass ornaments to $10. The thing that will occur is option A decrease in price leads to an increase in demand, but because there is no commensurate increase in supply. This leads to shortage.
What determines the equilibrium price?Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change.
Therefore, when food resources within a defined territory are insufficient to meet the population's needs for energy and nutrients, there is a food shortage. The easiest way to think about a food scarcity is as a production issue, although import and storage restrictions can also be a cause of or contribute to a food shortfall.
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See full question below
Look at the graph. The retailer decreased the price of green glass ornaments to $10. Which of these would occur? A. A new equilibrium point, because the demand would decrease. B. A shortage, because the price is lower than equilibrium price. C. A surplus, because the price is lower than equilibrium price. D. Selling more ornaments, because reducing the price would increase supply. (Graph is down below)
a company that produces sporting equipment for senior citizens would like to use display ads to reach new customers. their product line gears toward people, with or without an identified interest in sports, over the age of 65. which option can best help them reach these users?
The best option to help a company that produces sporting equipment for senior citizens reach its target users is to employ targeted display advertising. This type of advertising involves serving up ads to particular audiences based on their age, interests, and other factors. By tailoring the ads to senior citizens with an interest in sports, the company can ensure that its ads are reaching the right people.
Display ads are a great way to create brand awareness, generate website visits, and drive conversions. They can be placed on a variety of websites and platforms, allowing the company to reach a wide variety of users. Additionally, targeted display ads can be optimized to target the right users in the right context, making sure that the right message is being delivered to the right people at the right time.
The company should also consider using retargeting and remarketing to reinforce its brand message. Retargeting can help the company reach users who have already visited its website, while remarketing allows them to reach users who may have visited their website and then left without taking any action.
By leveraging targeted display advertising, retargeting, and remarketing, the company can make sure its ads are reaching the right people and create a strong brand presence for its products.
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Question 11
"As the economy picks up, demand for many inputs is outstripping supply, driving up prices for things as diverse as construction materials, energy, food ingredients, and semiconductors. Soon, that list will include Office 365 subscriptions.
You might not have heard about it from your sales rep yet, but Microsoft quietly announced that starting March 1, 2022, it will hike the price of many of its enterprise Office 365 and Microsoft 365 subscriptions. (Consumer and education subscription prices aren’t changing — for now.)"
Source: https://www.cio.com/article/3634389/microsofts-office-365-price-increases-how-to-reduce-the-hit.html
An increase in the price of Office 365 subscriptions above the equilibrium will…
a. Shift the Office 365 subscriptions’ supply curve to the right.
b. Shift the Office 365 subscriptions’ demand curve to the right.
c. Cause a surplus of Office 365 subscriptions.
d. Cause a shortage of Office 365 subscriptions.
The correct answer is d. An increase in the price of Office 365 subscriptions above the equilibrium will cause a shortage of Office 365 subscriptions.
In the given scenario, the price of Office 365 subscriptions is set to increase.
When the price of a product or service increases, it affects the equilibrium in the market.
In this case, the increase in price will result in a situation where the quantity demanded of Office 365 subscriptions exceeds the quantity supplied at the new higher price.
This creates a shortage, as there is more demand for the subscriptions than what is available in the market.
Therefore, the correct answer is d.
An increase in the price of Office 365 subscriptions will cause a shortage of Office 365 subscriptions, as the demand will exceed the supply at the higher price.
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What is the relationship between the production of vegetables and sale?
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.
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God blessed youI need help with all those questions
financial decisions of businesses and consumers are influenced as much by the state of the economy as by any other factors true or false
The state of the economy can significantly influence the financial decisions of businesses and consumers. Economic conditions such as interest rates, inflation, and unemployment can affect the overall level of economic activity, and this can in turn affect the financial decisions of businesses and consumers.
For example, when the economy is in a recession and unemployment is high, consumers may be less likely to spend money on non-essential items, which can affect businesses' sales and profits. In addition, when interest rates are low, businesses may be more likely to invest in expansion or new projects, while high interest rates can make borrowing more expensive and discourage investment.
Similarly, when the economy is growing and unemployment is low, consumers tend to have more disposable income, which leads to more spending, which in turn stimulates economic growth. Businesses also tend to invest more and expand when the economy is growing.
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Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
what countries can i get plastic surgery at 16 without parental consent?
Answer: Any country that considers 16 to be an adult - like lots of places in Europe and maybe even Mexico, Brazil etc
Explanation: however, I would not do it at 16 - your face and body will change a lot ! I used to want to have a breast augmentation when I was 18 because I got picked on a lot for having small breasts. Now I am a DD and am beyond happy I didn’t get the augmentation. I would wait till at least your earlier 20’s or so!
Hoped this helped a little bit
in order to succeed in being creative and agile, innovative firm teams must have a hands-off manager. t/f
In order to succeed in being creative and agile, innovative firm teams must have a hands-off manager. TRUE
A manager is a expert who takes a management position in an business enterprise and manages a team of personnel. regularly, managers are liable for managing a particular department of their agency. there are numerous forms of managers, however they usually have responsibilities like conducting performance evaluations and making selections.
The role of managers is setting up and overseeing a particular organization, assignment or area inside a commercial enterprise. The quantity and scope of a supervisor's responsibilities can vary relying on their function in the business enterprise. The job identify of supervisor can suggest that any individual is handling a group or handling a sure feature.
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explain why you feel an entrepreneur or business should develop a business plan.
Answer:
See below...
Explanation:
When an entrepreneur or businessperson begins to develop an idea for a product or for the creation of a business, it is good that they have a plan. When they do not plan, their future does not have specific milestones to acheive. This can make things scary and chaotic, as it is necessary to know when and where you will do things. With a plan, the person has goals set, and they are not as overwhelmed by things that come their way. The plan gives an order to an otherwise chaotic idea.
all
of the following increase owner’s equity except for which
one?
all
of the following increase owner's equity except for which one?
investments
aquisitions of assets
revenues
gains
The correct answer to this question is 'Aquisitions of assets'. Investments, revenues and gains all increase the owner's equity, while acquisitions of assets do not. Below is the second para which explains the answer more than 100 words.
Owner’s equity represents the total amount of equity invested in a company by its owner or owners. It is the difference between total assets and total liabilities, meaning that any increase in assets, or decrease in liabilities, results in an increase in owner's equity.
Revenues and gains, for example, both represent increases in a company's assets. Investments can also be considered an increase in assets if they are owned outright by the company. However, acquisitions of assets do not necessarily increase a company's total assets, as they may be offset by an increase in liabilities. Therefore, the correct answer to this question is acquisitions of assets.
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choose the best word or phrase to complete each sentence
The best word or phrase to complete each sentence is option D. in. There’s no point in staying up all night if your exam is tomorrow. The correct answer is in.
What is a preposition?A preposition is a word that shows relationship between two nouns. Preposition also indicate relationship between the elements of a clause or words. Preposition also indicates position, location and direction. For examples, in, of, at, into, above, over, etc.
Therefore, in the above sentence, preposition 'in' is used to express involvement in an activity.
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There’s no point _________ staying up all night if your exam is tomorrow.
a) On
b) With
c) Of
d) In
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Leila has a table in a spreadsheet she wants to format. Which options will allow her to format the table without changing its content?
Answer:
All of them, except "Find and replace, Text."
Explanation:
if the invoice is incorrect, recalculate
20 dresses at $15 each 350.00
Less 10% trade discount 12.00
Add tax at 18% 41.04
Total 360.67
Terms 30 days net
Answer: $318.60
Explanation:
20 dresses at $15 each will cost:
= 20 × $15 = $300.00
Less: 10% trade discount = 10% × $300 = $30.00
Add tax at 18%: = 18% × ($300 - $30) = 18% × $270 = $48.60
Total = $270 + $48.60 = $318.60
The 1828 "tariff of abominations" originated with ______, but because it placed tariffs on other imports in order to win support from other constituencies, it raised the price of ______ and therefore lost the support of the group it had been intended to help.
The 1828 "tariff of abominations" originated with New England textile manufactures, but because it placed tariffs on other imports in order to win support from other constituencies, it raised the price of raw material and therefore lost the support of the group it had been intended to help.
In May 1828, the United States passed the Tariff of 1828, a particularly onerous protective tariff. Unexpectedly, the law succeeded despite being written such that Congress wouldn't approve it because it would harm both industry and agriculture.
Because of the impact it had on the economy of the South, it was derided as the "Tariff of Abominations" by its opponents in the region. Some imported commodities were subject to a 38 percent tax, and some imported raw materials were subject to a 45 percent tax.
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Which applicants would be best qualified for the jobs based on educational level?
O Applicants 1 and 2 are qualified to be Arbitrators, Applicant 3 is qualified to be a Legal Assistant, and Applicant
4 is qualified to be a Police Detective.
O Applicant 3 is qualified to be an Arbitrator, Applicants 2 and 4 are qualified to be Legal Assistants, and Applicant
1 is qualified to be a Police Detective.
O Applicants 2 and 4 are qualified to be Arbitrators, Applicants 1 and 4 are qualified to be Legal Assistants, and
Applicant 3 is qualified to be a Police Detective.
O Applicant 4 is qualified to be an Arbitrator, Applicants 2 and 3 are qualified to be Legal Assistants, and
Applicants 1 and 3 are qualified to be Police Detectives
Answer:
b
Explanation:
Answer:
it is b on edge
Explanation:
please let me know if i didn't help, comment below
Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
Answer:
Success, Power, and Politics in the Workplace.
Strive to Understand and Support His Goals.
Communicate at the Right Volume.
Be Careful With the Water Cooler Conversations.
Save Her From Unwelcome Surprises.
Always Go in With a Plan.
Build Bridges Across the Organization.
Show off Your Work Without Being Obnoxious.
Explanation:
Answer:
Learning other tasks makes u more efficient your boss will begin to value u and your efforts to make his work better
Describe your current experience with CSS Grid. Have you worked with it grid before? If so, describe the experience. If you have not worked with CSS Grid, research the concept and describe how you envision it working (particularly with conjunction with media queries).
CSS Grid is a strong design framework presented in CSS3 that permits web engineers to make two-layered lattice based formats. It gives a more adaptable and instinctive way to deal with building complex website architectures contrasted with conventional techniques like floats or situating.
With CSS Grid, you characterize a framework holder and gap it into lines and sections utilizing the matrix layout lines and lattice format segments properties. You can determine the size of each line and section utilizing different units, like pixels, rates, or adaptable units like fr (partial unit).
To put things inside the Grid, you utilize the framework segment and lattice line properties on individual matrix things. These properties decide the beginning and end places of the things inside the matrix.
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Countries rely on each other for good and services, this is called economic
A
balance of trade
B
interdependence
с
international trade
D
quota
Answer:
B. interdependence
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.
There are different types of market or trade bloc used in economic integration and these includes;
I. Customs union
II. Free trade area
III. Common market
IV. Political union
VI. Economic union
A free trade area (zone) can be defined as an economic area wherein goods are exported or imported from one country to another without being subjected to normal trade laws such as quotas, bureaucratic requirements and tariffs of the country. Thus, a free trade area (zone) stimulates or enhances foreign trade, investment and globalization.
Hence, when countries rely on each other for good and services, this is called economic interdependence.
Economic interdependence can be defined as a situation in which two or more individuals, organizations or countries depend on one another through the exchange of goods and services, in order to meet their demands or needs.