Process costing is used in companies that produce similar or identical products in large quantities, such as c) bricks for sale to the public.
This method allows for the calculation of production costs by dividing the total production costs by the number of units produced. In the case of a company producing bricks, process costing would help to determine the cost per brick accurately.
In contrast, companies that engage in road and bridge construction (option a), produce sailboats made to customer specifications (option b), or construct houses according to customer plans (option d) typically use job costing. Job costing is more appropriate for these businesses because their projects are unique and customized, making it difficult to apply a standardized cost allocation method. Each job has its own set of specific costs and requirements, so job costing helps to track and allocate costs accurately for each individual project.
In summary, process costing is best suited for companies that produce large quantities of homogeneous products, like bricks, while job costing is more appropriate for businesses that work on unique, customized projects like road construction or custom-built sailboats and houses.
Therefore, the correct answer is c. produce bricks for sale to the public.
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Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50. True or false?
True. The statement "Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50" is true.
The calculation below shows that the statement is correct. Calculation: CPI today/CPI in 1914 * Dollar value in 1914= Dollar value today177/10 * $5= $88.50
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g If the United States has a trade deficit, this means that Group of answer choices The U.S. economy produces more than it consumes. Exports exceed imports. Trade activity is limited to just a few goods. The trade balance is negative.
If the United States has a trade deficit, it means that exports exceed imports. In other words, the value of goods and services that the U.S. sells to other countries is less than the value of goods and services that the U.S. buys from other countries. This leads to a negative trade balance.
A trade deficit can occur for various reasons, such as a higher demand for foreign goods, a lower demand for domestic goods, or currency exchange rates. It is important to note that a trade deficit does not necessarily mean that the U.S. economy produces more than it consumes or that trade activity is limited to just a few goods.
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how do contact lists differ from an address book?
Answer:
Contact lists contain more information about a person than an address book.
~faith
Explanation:
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a record $3.8 billion worth of cryptocurrency was stolen from various services last year. some of the biggest thefts were driven by hackers linked to which country?
Some of the biggest thefts of cryptocurrency were driven by hackers linked to country North Korea.
There have been several major cryptocurrency thefts in recent years, but it can be difficult to definitively link them to a particular country or group of hackers.
That being said, there have been some high-profile cases in which hackers with suspected links to North Korea have been accused of stealing large amounts of cryptocurrency.
One notable example is the hack of the cryptocurrency exchange Coincheck in January 2018, in which over $500 million worth of NEM tokens were stolen. Japanese authorities later accused a group of hackers with ties to North Korea of carrying out the attack.
Another example is the theft of $31 million worth of Tether tokens from the Bitfinex exchange in August 2016. While the identity of the hackers is not definitively known, some security researchers have suggested that they may have been linked to North Korea.
It's worth noting, however, that not all cryptocurrency thefts are carried out by state-sponsored actors. There are also many cybercriminal groups and individual hackers who engage in cryptocurrency theft for financial gain.
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Complete the table and then use the information to answer the question(s) below.Quantity consumed Total utility Marginal utility1 32 322 123 52 4 5Budget line:Budget line shows the combination of two goods that can be purchased by a consumer with the given level of money income. The slope of budget line is the ratio of two goods price. It has a negative slope.
The total utility represents the satisfaction gained from consuming a certain quantity of a good.
First, let's complete the table:
Quantity Consumed | Total Utility | Marginal Utility
------------------|---------------|-----------------
1 | 32 | 32
2 | 64 | 32
3 | 84 | 20
4 | 89 | 5
Now, let's answer the question using the given terms:
A budget line represents the possible combinations of two goods a consumer can buy given their income level and the prices of the goods. The negative slope of the budget line indicates that as the quantity of one good increases, the quantity of the other good must decrease, given a fixed income.
In this scenario, the total utility represents the satisfaction gained from consuming a certain quantity of a good. Marginal utility measures the additional satisfaction gained from consuming one more unit of the good. As the quantity consumed increases, the marginal utility generally decreases, which indicates diminishing marginal utility. In this table, we can see that as the quantity consumed increases, the marginal utility declines from 32 to 5. This information can help a consumer make decisions on how to allocate their income optimally based on the satisfaction they derive from consuming different goods, while staying within their budget constraints.
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Do you agree with Dr. King that you can protest an unjust law and still be respectful of the law?
Answer:
One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws. Any law that uplifts human personality is just. Any law that degrades human personality is unjust.
Explanation:
“An individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for the law” – Martin Luther King, Jr.
Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition
Answer: Influence is the answer
Explanation:
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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when does texas receive its highest level of insolation
Texas receives its highest level of insolation during the summer months, particularly in June and July. Insolation, or incoming solar radiation, is the amount of sunlight that reaches the Earth's surface.
It is determined by the angle of the sun, the Earth's axial tilt, and atmospheric conditions. During summer in Texas, the sun is at a higher angle in the sky, which allows for more direct sunlight and a higher intensity of insolation.
Additionally, longer daylight hours in summer months contribute to increased insolation. The combination of these factors leads to Texas experiencing its highest levels of insolation during the summer season, with June and July being the peak months for solar radiation.
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In order to get the most risk reduction through diversification you would seek to add assets to the portfolio that have a _____________ correlation with other assets in the portfolio.
In order to get the most risk reduction through diversification, you would seek to add assets to the portfolio that have a low or negative correlation with other assets in the portfolio.
Diversification is an investment strategy that involves allocating assets across a variety of different investments, such as stocks, bonds, and real estate, in order to reduce the overall risk of the portfolio. By investing in assets that have a low or negative correlation with each other, you can ensure that the value of the portfolio is less affected by the fluctuations of individual assets. This is because when one asset's value decreases, it is likely that the other assets with low or negative correlation will not experience the same decrease in value, or may even increase in value,
Therefore providing a buffer against potential losses. In essence, diversification helps to spread the risk and minimize the impact of any single investment on the overall performance of the portfolio. It is important to remember that while diversification can help reduce risk, it does not guarantee against losses, as all investments carry some degree of risk. However, a well-diversified portfolio can provide a more stable and consistent return on investment over the long term.
Overall diversification reduces portfolio risk by adding low/negatively correlated assets, spreading risk and minimizing the impact of individual investments.
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In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest ______.
In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest decreases.
What is a mortgage?These are loans granted by banks or a specialized mortgage to borrowers who intends buying a house.
Amortization is a repayment feature of loans with equal monthly payments and a fixed end date. Mortgages are amortized, and so are auto loans.
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The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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ON ETHICS: The military governments in Egypt, Myanmar, and Thailand have invited your firm to do business there. As a CEO who struggles to find post-COVID growth opportunities, you appreciate the lucrative offers. But you are also concerned that your firm may be labeled a "devil’s advocate" or "accomplice" by democracy activists around the world. How would you proceed?
As a CEO, I would be very cautious of any association with a military government. In this regard, my concern would be about the risk of alienating democratic governments and democracy activists around the world.
I would first research the ethical standards and practices of these countries and assess whether they align with my company's core values. If the military government's ethics and practices are not in line with my company's values, then I would not proceed with the business deal.
If I find that the military government aligns with my company's core values, I would have to engage with various stakeholders to ensure that the company's reputation is not affected negatively. This would include engaging in social responsibility activities and transparency measures to create a positive image.
I would also work closely with the military government to ensure that my company complies with international regulations, maintains high ethical standards, and adheres to local laws. This would include being transparent and open about the nature of our business in the country.
Therefore, while the lucrative offers may be tempting, it is crucial for any company to assess the ethical implications of doing business with military governments. The reputation of the company must be protected, and the company must always align with its core values. Any deal that puts the company's reputation at risk should be avoided.
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Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer
jane believes that adhering to laws and statutes will make her chemical manufacturing company both ethical and socially responsible. her company makes business decisions simply to avoid breaking the law. which theory of corporate social responsibility does jane most likely follow?
The theory of corporate social responsibility that Jane most likely follow is known as the government hand theory.
What is the corporate social responsibility?It refers to the management concept whereby most companies integrate their social and environmental concerns in their business operations and interactions with their stakeholders.
The categories of corporate social responsibility includes:
Environmental ResponsibilityEthical ResponsibilityPhilanthropic ResponsibilityEconomic Responsibility.Read more about corporate social responsibility
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a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months, You will then make no more deposits. If the bank pays 4% nominai interest, compounded semiannualiy, how much will be in your account aftar 3 years? Do not round intermediate calculations. Round your answer to the nearest cent.
b. One year from today you must make a payment of 35,000 . To prepare for this payment, you plan to make two equal quarterly deposita (at the end of Quarters 1 and 2) in a bank that pays 4% nominal interest compounded quarterly. How large must each of the two payments be? Do not round intermediate calculations. Round your answer to the nearest cent. 5
a. To calculate the amount in your account after 3 years, we can use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
Where:
FV = Future value
P = Payment amount
r = Interest rate per compounding period
n = Number of compounding periods
In this case, you are making five deposits of $1,000 each, one every 6 months, with an interest rate of 4% compounded semiannually. So, we have:
P = $1,000
r = 4% / 2 = 0.04 / 2 = 0.02 (semiannual interest rate)
n = 3 years * 2 = 6 (number of compounding periods)
Plugging these values into the formula, we get:
FV = $1,000 * [(1 + 0.02)^6 - 1] / 0.02
= $1,000 * [1.020^6 - 1] / 0.02
= $1,000 * [1.127628 - 1] / 0.02
= $1,000 * 0.127628 / 0.02
= $1,000 * 6.3814
= $6,381.40
Therefore, the amount in your account after 3 years will be $6,381.40.
b. To determine the size of each payment, we can use the formula for the present value of an ordinary annuity:
PV = P * [1 - (1 + r)^(-n)] / r
Where:
PV = Present value (payment amount)
P = Payment amount (unknown)
r = Interest rate per compounding period
n = Number of compounding periods (8 quarters in this case)
You need to make two equal quarterly payments to accumulate $35,000 in one year. The interest rate is 4% compounded quarterly. Let's solve for P:
PV = P * [1 - (1 + 0.04 / 4)^(-8)] / (0.04 / 4)
35,000 = P * [1 - (1 + 0.01)^(-8)] / (0.01)
35,000 = P * [1 - (1.01)^(-8)] / 0.01
Simplifying the equation:
35,000 = P * [1 - 0.925894] / 0.01
35,000 = P * 0.074106 / 0.01
35,000 = P * 7.4106
Now, we solve for P:
P = 35,000 / 7.4106
P = $4,720.79
Therefore, each of the two payments should be approximately $4,720.79.
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List any THREEshopping skill that you will follow.
Which best explains how consumers purchases influence the decisions of
producers?
Producers can judge whether they have an efficient production process based
on what consumers buy.
Producers can determine how best to reduce waste by knowing what consumers
don't buy
Producers can predict the effects of new technologies based on the
technologies used by consumers.
Producers can figure out what consumers are willing to pay based on what they
buy
WU
Answer:
Producers can figure out what consumers are willing to pay based on what they buy
What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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A new business is likely to need what bank service(s)? *
Answer:
Checking Account tell me if i'm wrong
Explanation:
Matt got approved on a deferred private student loan that will be due for repayment after graduation. What is his incentive to start paying it now if he can?
Option 2 is correct. Matt's incentive to repay the student loan now is to lower or avoid compound interest, as shown in the second answer option.
Compound interest is a sort of interest on top of interest.
This is on the grounds that they are interest added to the advance capital that is utilized to compute new interest as the credit time frame elapses.
In this manner, the more drawn out the account holder takes to pay, the more premium will show up as progressive accrual, which will build the obligation significantly.
For instance, we can envision a person who took a credit of 300 bucks, with build revenue of 3% each month, following a half year of the advance, the self-multiplying dividends would have expanded the obligation to 358.21 dollars.
For this situation, we can state that the quicker Matt takes care of the loan, the less Compound interest he will pay.
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Complete Question -
Matt got approved on a deferred private student loan that will be due for repayment after graduation. What is his incentive to start
paying it now if he can? (5 points)
To reduce the time to pay for itTo avoid or to lower compound interestTo avoid higher future taxesTo get a better interest rateWhen making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Exclusive control over a service or product on the market is called: ________
Exclusive control over a service or product on the market is called a monopoly.
A monopoly exists when a single firm or entity is the only supplier of a particular good or service in the market, giving it exclusive control over the production and distribution of that good or service. In a monopoly, the monopolist can set the price of the good or service at a level that maximizes their profits, as there are no other competitors to drive down prices. However, monopolies are often subject to government regulation to prevent abuse of their market power, such as charging excessively high prices or engaging in anti-competitive behavior.
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to break out of the reputation of an inexperienced newcomer, you should
a. incorporate the l-voice in business messages as often as possible.
b. attend a lot of meetings to get to know as many colleagues as possible
c. stand out from the corporate culture in terms of dress and communication
d. avoid taking on projects that will reveal inexperience.
e. be careful not to waste time on extras like creating a professional blog.
A person can attend several meetings to meet as many coworkers as they can in order to shed their reputation as a clueless rookie.
What else do you call reputation?Character, honor, influence, reputation, name, renown, opinion, position, prominence, standing, acceptability, authority, credit, reliability, distinction, and eminence.
What is a reputation example?A firm, organization, government, or even a whole nation may all have a reputation. A good reputation reflects the positive opinions others have of you. They could believe that you are dependable, honest, diligent, generous, kind, and a good citizen.
An individual or organization with a solid reputation is typically seen as dependable, trustworthy, and deserving of respect. On the other hand, a person or organization with a poor reputation is frequently perceived as being unreliable, untrustworthy, etc lacking in character.
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3. why must organizations focus on both shareholder wealth and the stakeholders?
Both parties have a significant impact on the success of the organization. Shareholders invest in the company and expect a return on their investment, while stakeholders are individuals or groups that are affected by the organization's actions.
The shareholders are essential for an organization's financial stability, and their investments are necessary for the organization's growth and expansion.
On the other hand, stakeholders play a crucial role in the organization's social and ethical responsibilities, as they include employees, customers, suppliers, and the community.
Therefore, by focusing on both shareholder wealth and stakeholders, organizations can create a balance between financial success and social responsibility. This can lead to increased trust, loyalty, and long-term success for the organization.
Organizations must focus on both shareholder wealth and stakeholders to ensure financial stability, social responsibility, and long-term success. By creating a balance between the two, organizations can achieve sustainable growth and meet the needs of all parties involved.
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Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
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The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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Martin owns a store that sells four different products. Each product has the same unit selling price and equal unit variable costs. This month, the sales mix has been calculated and each of the four products constitute 25% of sales as determined by number of units sold. Does Martin need to calculate the weighted-average unit contribution margin this month
Answer:
No, the weighted-average unit contribution margin is equal to the contribution margin for each of the products.
Explanation:
The weighted-average unit contribution margin is not impacted by the company-wide break-even point in units.
The weighted-average unit contribution margin is NOT equal to the contribution margin for each of the products.
The weighted-average unit contribution margin IS dependent on the sales mix percentage.
As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example o
Answer: social responsibility differences between similar firms, but in different countries.
Explanation:
From the information given, we can deduce that Jonah's experience is an example of social responsibility differences between similar firms, but in different countries.
The difference in working conditions in the developing nations he visited, is due to the social responsibility as this has resulted in a positive impact on the society as whole.
Question 5 1 pts Use the following information to answer the next two questions: SuperClean Corp, is a company that provides house cleaning services to clients. They measure their level of activity by the number of houses they clean. SuperClean's cost formula for its cleaning cost is as follows: total cleaning cost depreciation costs of cleaning equipment of $4,000 per month ($500 per house that needs to be cleaned number of houses cleaned) For the month of May, the company planned to clean 26 houses, but actually cleaned 20 houses. The actual cleaning cost for May was $16,000. The cleaning operating cost in the flexible budget for May would be closet to: O $13.000 O $14,000 O $17,000 O $10,000 O $ 16,000
The Question 5 1 pts Use the following information to answer the next two questions: Super Clean Corp, is a company that provides house cleaning services to clients.
They measure their level of activity by the number of houses they clean. SuperClean's cost formula for its cleaning cost is as follows: total cleaning cost depreciation costs of cleaning equipment of $4,000 per month ($500 per house that needs to be cleaned number of houses cleaned) For the month of May, the company planned to clean 26 houses, but actually cleaned 20 houses. The actual cleaning cost for May was $16,000. The cleaning operating cost in the flexible budget for May would be closest to $14,000. Explanation: Flexible budget refers to the estimation of expected revenues and costs under various operating conditions. A flexible budget will aid in assessing the variance between expected costs and actual costs. A flexible budget shows the estimated figures based on the actual level of output. Hence, it is an excellent tool to assess variances.The cleaning operating cost in the flexible budget for May would be closest to $14,000. To obtain the Cleaning operating cost under a flexible budget for May, we'll use the flexible budget formula.Cleaning operating cost = Total Cleaning Cost at Budgeted Capacity - Depreciation Costs of Cleaning EquipmentCleaning operating cost = ($500 x 26) + $4,000 - $4,000Cleaning operating cost = $13,000Since the actual cleaning cost for May was $16,000, the flexible budget would differ from the actual cost. Thus, the cleaning operating cost in the flexible budget for May would be closest to $14,000.
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Which is a benefit of collaboration and teamwork?
A.It expands your social network and creates new connections.
B.It makes it more difficult to leave your current job.
C.It makes it easier to do your job since you can have other people do it.
D.It requires more work since you have to explain so much to other people.
Answer:
The Awnser Is A
Explanation:
It's the Best Awnser