Simply calculating differences in income between those who complete more versus fewer years of schooling could lead to an overestimate of the causal effect of schooling on income because there may be other factors that influence income, such as natural ability or family background. It would be costly and time-consuming to follow individuals over a long period of time to observe their income outcomes. The findings from IV regression studies tend to be more conservative than those from simple OLS regression, as they account for the potential bias from omitted variables.
a. Simply calculating differences in income between those who complete more versus fewer years of schooling could lead to an overestimate of the causal effect of schooling on income because there may be other factors that influence income, such as natural ability or family background. For example, if a person who completed more years of schooling earns more than someone who completed fewer years of schooling, it may not necessarily be because of the additional schooling, but rather due to other factors that may be correlated with schooling.
b. Using a randomized controlled trial (RCT) to identify the long-term income returns to schooling would be logistically challenging/infeasible in most cases because it would require randomly assigning individuals to different levels of education, which is ethically and practically difficult to do. Additionally, it would be costly and time-consuming to follow individuals over a long period of time to observe their income outcomes.
c. One research approach that has been used to identify the long-term returns to schooling is instrumental variables (IV) regression. IV regression uses variables that are correlated with education but not directly related to income, such as state-level school attendance laws, to estimate the causal effect of education on income. For example, a study by Angrist and Krueger (1991) used IV regression to estimate the returns to education in the United States and found that an additional year of schooling led to a 10% increase in earnings, which is lower than what previous studies had estimated. These results suggest that previous studies may have overestimated the returns to education because they did not account for confounding factors. Overall, the findings from IV regression studies tend to be more conservative than those from simple OLS regression, as they account for the potential bias from omitted variables.
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why indigenous technologies are better than modern technology
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
is the cost of borrowing or the price paid for the rental of funds expressed as a percentage per year.
Yes, the cost of borrowing or the price paid for the rental of funds is expressed as a percentage per year.
This percentage is known as the interest rate, which is the cost of borrowing or the price paid for the rental of funds.Lenders charge interest on the amount of money that they lend to borrowers because they are risking their money.
The interest rate can vary depending on a number of factors, such as the creditworthiness of the borrower, the length of the loan, and the amount of the loan. The interest rate is typically expressed as an annual percentage rate (APR), which is the amount of interest that the borrower will pay on an annual basis.
For example, if a borrower takes out a $10,000 loan with an interest rate of 5%, they will pay $500 in interest per year.
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An online clothing boutique decides to install a web or Internet cookie in the browser of each user who visits its site. The purpose of the cookie is to remember information about the user and help monitor-browsing patterns on their site and others. This enables the boutique's website to suggest products to the customer that match their browsing history. This is:
Answer:
a practice that may have longer term implications on the ethics of personal privacy
Explanation:
Cookies are a tool that is used on websites to identify user browser history.
The information on a user's browsing habits is then used by businesses to tailor display information relevant to what they are usually interested in.
Usually they are a safe way to improve browsing experience, but they can be used by criminals to spy on people and gain unwanted access to their data.
Cookies save information about a user session by storing data like usernames.
There is a long term danger of having one's browsing history tracked without their consent
List and briefly discuss two (2) ways that manufacturing and nonmanufacturing location decisions similar. Also List and briefly discuss two (2) ways that those location decisions are different.
Similarities in manufacturing and nonmanufacturing location decisions: Cost considerations: Both manufacturing and nonmanufacturing businesses consider factors such as labor costs, real estate prices, taxes, and utility costs when making location decisions.
Cost-efficient locations help maximize profitability in both sectors. Market access: Both manufacturing and nonmanufacturing businesses aim to establish a presence in locations that provide easy access to their target markets. Proximity to customers, suppliers, distribution networks, and transportation infrastructure are critical factors for success in both sectors. Differences in manufacturing and nonmanufacturing location decisions:Physical infrastructure requirements: Manufacturing often requires specialized infrastructure such as factories, warehouses, and transportation networks. Nonmanufacturing businesses, on the other hand, may require office spaces, retail locations, or service-oriented facilities that are different from manufacturing infrastructure.
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2
3
6
Compare and contrast mediation with arbitration.
Answer:
See below
Explanation:
Both mediation and arbitration are dispute resolution mechanisms. They make use of an independent third party to help resolve the conflict. Mediation and arbitration are a private affair between the independent third party and the conflicting parties.
In an arbitration, the arbitrator considers the evidence presented by each of the conflicting parties. They weigh in the legal aspects before making a binding decision. Arbitration is like a court case, except that the process takes place outside a courtroom. There is a winning and a losing party in an arbitration.
Mediation helps parties to settle their disputes through discussions, negotiations, and narrowing differences. The mediator helps conflicting parties to arrive at an agreed solution. They do not decide on the conflicting issue. In mediation, all parties agree on a win-win solution.
or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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how can you make money at 13 years old.
Answer:
Start a online business, sell your old stuff, make money off your own talents if you have a talent. For example: if you like to paint or make jewlery, sell them on etsy or ebay. Make money by babysitting, walking a dog, chores. Sell feet pictures on omegle or kik (some ppl have foot fetishes, i know a friend who made hundreds a month for selling her foot pics).
Explanation:
A $15,000, 6%, 50-day note dated november 8, is discounted at 5% on november 28. The proceeds of the note would be:.
$15061.98 a price that is lower than the usual price: To order any of these books at a discount price.
What does discounted price mean?Discount pricing refers to a variety of business practices where the cost of a good or service is reduced in an effort to attract customers, sell surplus stock, or increase sales. Discount pricing works best when customers feel like they're "getting a good deal" on the product.
Calculation :
In order to calculate the proceeds we will using the following computation:
Principal + {Principal * Discounted rate * Frequency of a year on Maturity Date}
15,000 + {15,000 * 5% * (30/365)}
Hence, the proceeds of note would be $15,061.98
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Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
which of the following market changes would lead to a shift of the supply curve from old supply to new supply? group of answer choices a rise in the price of a product that is a substitute-in-production. a fall in the price of a product that is a substitute-in-production. an increase in the price of a product that is a complement-in-production. an increase in production efficiency.
Option c would result in a shift of the supply curve from old supply to new supply if the price of a product that is a complement-in-production change.
What Is a Supply Curve?The supply curve will typically have a positive, upward slope for the majority of items, indicating a direct correlation between the two values. To put it another way, a seller will have more of a good or service on hand if the price is higher. A hardware store, for instance, will increase its inventory in an effort to increase its profit margin if the price of a lawn mower rises, which refers to the amount that a customer is required to pay.
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How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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Which of the following is one of the assumptions underlying nonrational models of decision making?
A. Managers do not possess complete information.
B. Rational decision making is easy.
C. The context for managerial decisions is simple and stable.
D. Decisions can be made with certainty.
E. Managers do not face restrictions when making decisions.
One of the assumptions underlying nonrational models of decision making is that managers do not possess complete information.
This means that decision makers may lack access to all relevant information, or that the information available may be incomplete or ambiguous. Nonrational models recognize that decision making is often complex and uncertain, and that managers must rely on a combination of intuition, judgment, and experience to navigate these challenges. In contrast to rational decision making, which assumes that decision makers have access to all relevant information and can make decisions based solely on objective analysis, nonrational models acknowledge that the context for managerial decisions is often complex and dynamic, with multiple competing goals and interests at play. As such, nonrational models recognize that decision making is not always easy or straightforward, and that managers may need to engage in a more iterative, exploratory process to arrive at a satisfactory outcome. Other assumptions underlying nonrational models of decision making may include the presence of uncertainty, risk, and ambiguity, as well as the influence of emotions, cognitive biases, and social dynamics on decision making. Ultimately, nonrational models suggest that effective decision making requires a combination of rational analysis, intuition, and judgment, as well as an understanding of the context in which decisions are made and the constraints and limitations that decision makers face.
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Explain why you think Americans can do yo ensure workers have decent working conditions and pay?
Answer:
Americans are expected to make sure that discrimination in the workplace is avoided.
What is the opportunity cost of studying for the test in order to get a good grade?
Answer:
the opportunity cost is the time spent studying and that money to spend on something else
The time spent studying and the money that could have been used for something else are the opportunity costs.
What is opportunity cost?According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. More precisely, it means that by choosing one course of action (such as making an investment), you are forfeiting the chance to take an other course of action. The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity.
The goal of opportunity cost is to ensure efficient use of limited resources as a depiction of the relationship between scarcity and choice. It takes into account all decision-related expenses, both explicit and implicit.
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Read the following scenario, and then answer the question below.
A new pet supply company plans to primarily sell products in stores. They need a system that will track their large
inventory and keep customer sales records.
Which evaluation factor will be most important when choosing technology for the company?
1)speed
2)size
3)storage
4)connectivity
The correct answer is 3) storage
Explanation:
In technology, storage refers to the amount of information a system, program, or similar can record and save. This factor is especially important when businesses or companies need to keep a lot of information from sales, inventory, and similar. This occurs in the case of the pet supply company because it is explained they need a technological system to "track their large inventory and keep customer sales records", therefore their priority will be to record and save their information or the storage in the system.
Answer:
c
Explanation:
c
fees for service are determined by which of the following?
Each bank
Each transaction
Each customer
Each branch of bank
Answer:
Each bank
Explanation:
Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.
Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.
The ability to obtain a given equity position at a reduced capital investment, and therefore magnify returns, is known as:_____.
The capacity to achieve a given fairness function at reduced capital investment, and consequently amplify returns, is referred to as financial leverage.
Investment definition is an asset obtained or invested in to construct wealth and save money from the hard-earned income or appreciation. an investment that means is ordinarily to acquire a further source of income or benefit and make the most of the investment over a particular period of time.
Investment is the purchase of products that aren't fed on nowadays but are used in the future to generate wealth. In finance, an investment is an economic asset offered with the idea that the asset will offer income similarly or will later be bought at a better fee rate for a profit.
Making an investment is an powerful manner to place your money to work and probably build wealth. clever making an investment can also allow your cash to outpace inflation and increase in value. The greater increase capacity of investing is on the whole because of the power of compounding and the chance-go-back tradeoff.
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Which physical quantity measures what fraction of the input energy a machine actually converts into output energy?
ОА.
kinetic energy
ОВ.
power
OC. efficiency
OD
acceleration
Answer:
The answer is A because kinetic energy and potential energy are linked together
Explanation:
Answer:
The correct answer is efficiency
What is the meaning of time recovering
Answer:
to recover a wound
Explanation:
time to recover the sentence shows recover what can possibly recover ofcource a wound.
what factor predicts a lower level of risky sexual behavior among adolescents?
Several factors can predict a lower level of risky sexual behavior among adolescents. Some of these factors include:
1. Comprehensive Sex Education: Adolescents who receive comprehensive sex education that covers topics such as contraception, STI prevention, and communication skills are more likely to engage in safer sexual behaviors.
2. Parental Involvement: Adolescents who have open and supportive communication with their parents about sexual health are more likely to make informed decisions and engage in safer sexual practices.
3. Access to Contraception: Adolescents who have access to affordable and reliable contraception methods, are more likely to use them and reduce the risk of unintended pregnancies and STIs.
4. Peer Influence: Positive peer norms and social support for safe sexual behaviors can influence adolescents to engage in responsible sexual practices.
5. Emotional and Psychological Well-being: Adolescents who have higher levels of self-esteem, self-efficacy, and emotional well-being are less likely to engage in risky sexual behaviors as they value their own health and future.
6. Knowledge about STIs and Pregnancy: Adequate knowledge about the consequences of risky sexual behavior, can lead to more cautious decision-making.
It's important to note that these factors interact with each other, and the combination of multiple protective factors can have a stronger impact on reducing risky sexual behavior among adolescents.
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The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. this document is called
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. This document is called Cash receipt prelist.
A clerk is a person who works in an office, typically doing administrative or secretarial work. Clerks are often responsible for keeping records, filing documents, and performing other office tasks.
In some cases, clerks may also be responsible for customer service or sales. Clerks typically work in business or government offices, though they may also be found in other settings such as schools or hospitals.
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You have been asked to evaluate an investment of purchasing a parking lot under the following conditions:
*The proposal is for a parking lot costing $4,000,000. The deck has an expected useful life of 15 years and a net salvage value of $625,000 (after tax adjustment)..
*The tenants have recently signed long-term leases, which leads you to believe that the current rental income of $250,000 per year will remain constant for the first five years, then the rental income will increase by 10% for every five-year interval over the remaining asset life.
* The estimated operating expenses, including income taxes, will be $65,000 for the first year, and will increase by $6,000 each year thereafter.
If you had the opportunity to invest your money elsewhere and thereby earn annual interest rate at 15%, justify the investment using the NPW method.
To evaluate the investment in the parking lot using the Net Present Worth (NPW) method, we need to calculate the present value of all cash inflows and outflows associated with the investment and compare it to the initial cost.
Here's how we can calculate the NPW:
1. Calculate the net annual cash flows for each year:
- For the first five years, the net annual cash flow is $250,000 (rental income) - $65,000 (operating expenses) = $185,000.
- For the remaining years, the net annual cash flow increases by 10% every five-year interval. So, for years 6-10, it will be $185,000 * (1 + 0.10) = $203,500, and so on.
2. Determine the discount factor for each year using the annual interest rate of 15%. The discount factor can be calculated using the formula: (1 + interest rate)^n, where n is the number of years.
3. Calculate the present value of each year's net cash flow by dividing the net cash flow by the discount factor.
4. Sum up all the present values of net cash flows to get the NPW.
Now, we can calculate the NPW based on the provided information:
Year 1:
Net Cash Flow = $185,000
Discount Factor = (1 + 0.15)^1 = 1.15
Present Value = $185,000 / 1.15 = $160,870
Years 2-5:
Net Cash Flow = $185,000
Discount Factor = (1 + 0.15)^2 = 1.3225 (rounded)
Present Value = $185,000 / 1.3225 = $139,804 (rounded)
Years 6-10:
Net Cash Flow = $203,500 (10% increase from Year 5)
Discount Factor = (1 + 0.15)^6 = 2.8983 (rounded)
Present Value = $203,500 / 2.8983 = $70,265 (rounded)
Years 11-15:
Net Cash Flow = $223,850 (10% increase from Year 10)
Discount Factor = (1 + 0.15)^11 = 7.2756 (rounded)
Present Value = $223,850 / 7.2756 = $30,753 (rounded)
Net Salvage Value:
Discount Factor = (1 + 0.15)^15 = 9.6466 (rounded)
Present Value = $625,000 / 9.6466 = $64,725 (rounded)
Now, calculate the NPW:
NPW = Initial Cost - Present Value of Cash Flows
NPW = -$4,000,000 + $160,870 + $139,804 + $70,265 + $30,753 + $64,725
NPW = $26,417
Based on the NPW method, the positive NPW value of $26,417 indicates that the investment in the parking lot is justified. It suggests that the investment is expected to generate a positive return, considering the annual interest rate of 15% and the projected cash flows over the investment period.
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The Bradshaw family has $200,000 of total assets and $140,000 of liabilities. What is their net worth?
Malleable
Measurable
Maintainable
Manageable
Answer: $60,000
Explanation:
The Net worth of a person or people can be calculated by deducting their liabilities from their total assets.
The net worth of the Bradshaw family is therefore;
= 200,000 - 140,000
= $60,000
The options given are not for this question. There is a similar question which asks what the M in the Goal-setting acronym S.M.A.R.T stands for.
The answer to that is Measurable.
You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
questions. question numbers (1.1.1 to 1.1.5) in the ANSWER BOOK, e.g. 1.1.10 C 1.1.1 A problem-solving technique where a team of experts are given ques to obtain their opinions without bringing them to the same place. A. Force-field 8. Empty chair C. Brainstorming D. Delphi 1.1.2... is aimed at facilitating change in the business. A. Force-Field technique B. Delphi technique C. Chair technique D. Empty chair technique 1.1.3 The... can be used as a form of non-verbal communication. A. Pie chart B. Informal conversations C. Indigenous knowledge D. Panel discussions 1.1.4. Which one of the following is a research instrument? A. Market research B. Nominal group technique C. Flyer D. Questionnaire 1.1.5.... is one of the of legal requirements that a business must comply with A. National Credit Act B. Size of the business C. Legal protection D. Number of owners required
The force-field analysis method in social science offers a framework for examining the variables (or "forces") that affect a situation, originally social circumstances. It examines factors that are either promoting movement toward a goal (helping factors) or impeding that advancement (hindering forces).
Hence, Delphi, Force-Field technique, Pie chart, Questionnaire, and Legal protection. These are the answers respectively.
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free 27 points, come on up, and see if u can earn them- i act weird
Answer:
haha i am wierd too i feel u
Explanation:
Answer:
i shall win them and im wierd also.
Explanation:
one reason tennis has become popular is because? A. it takes a long time to play the game B. almost anyone can play C. scoring is easy to figure out D. it is a contact sport
The one reason tennis has become popular is because is: B. almost anyone can play.
What are the reasons tennis has become popular?Tennis can be defined as a kind of sport that can be played by people of different ages, genders, and skill levels, making it accessible to a wide range of individuals.
This, combined with its relatively low cost of entry, has contributed to its popularity.
Therefore we can conclude that the correct option is B based on the fact that almost anyone can play tennis.
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________ refers to continually adjusting prices to reflect changes in supply and demand.
Dynamic pricing
Explanation:
found it on quizlet
What are the primary reasons why businesses should establish health and safety policies? Check all that apply.
to help maintain productivity
to protect the welfare of workers
to prevent the need for labor unions
to help maintain morale in the workplace
to improve the goods and services produced
to reduce costs for workers' compensation insurance
please respond quickly. EDGE2021
Answer: To help maintain productivity, to protect the welfare of workers, to help maintain the morale of the workplace, to reduce the cost for workers’ compensation insurance
Explanation: I just completed the assignment
The primary reason, Businesses should establish health and safety policies were to help maintain productivity.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The health and safety policies help businesses: Prevent workplace injuries and illnesses. Improve compliance with laws and regulations. Reduce costs, including significant reductions in workers' compensation premiums.
The Research shows that workers are more productive in workplaces that are committed to health and safety. Reducing downtime caused by illness and accidents means less disruption.
Therefore, Thus option (A) is correct.
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