A buyer should expect to pay approximately $986.20 for the corporate bond with a par value of $1,000, based on the ask price of 98.62.
The ask price of 98.62 for a corporate bond listed in the Wall Street Journal represents a percentage of the bond's par value. To determine the dollar amount a buyer should expect to pay, you need to calculate this amount using the given ask price and the par value of the bond.
First, convert the ask price from a percentage to a decimal by dividing it by 100:
98.62 / 100 = 0.9862
Next, multiply the decimal ask price by the par value of the bond to find the dollar amount a buyer should expect to pay:
0.9862 * $1,000 = $986.20
Therefore, a buyer should expect to pay approximately $986.20 for the corporate bond with a par value of $1,000, based on the ask price of 98.62.
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jana has learned that her manager in the accounting department is retiring at the end of the month, but she has no desire to apply for the position because it would mean working much longer hours. jana has a(n) with respect to the position.
Jana has a disincentive with respect to the position. This is because disincentives refer to things that make a person less likely to pursue a particular course of action.
Disincentive refers to anything that discourages a person from taking a particular action. Disincentives may be financial, physical, emotional, or social. Disincentives may also be natural or man-made. They may be external or internal to an individual. Disincentives can be used as a way to influence behavior.
Thus, the correct word to put in the blank is disincentive.
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Charge cards require the cardholder to pay the full balance each due date.
True
or
False
Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.
Which questions should she consider before she buys the jacket? Check all that apply.
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?
Answer: Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Explanation:
The questions that she should consider before she buys the jacket include:
• Is advertising influencing her?
• What are her motivations?
• Has she compared prices?
• Is she buying at the right time?
Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.
Answer:
A, B, C, D
Explanation:
edge2021
8. Which of the following is NOT a job of the Federal Reserve?
1.Keeping banks safe
2.Making payment systems secure
3.Printing currency
4.Growing the economy
Answer:
I think 3
Explanation:
When Ellen buys a new computer for her accounting business, it is included in gross domestic product (GDP) as ________, and when she buys a new computer for personal use at home, it counts as ________.
a. consumption; consumption.
b. consumption; investment.
c. government purchases; consumption.
d. investment; investment.
e. investment; consumption.
Answer:
ITS A NEW COMPUTER IT SHOULD WORK FOR EVERYTHING YOU NEED
Explanation:
BUT I THINK A DESKTOP WILL DO BETTER
When Ellen buys a new computer for her accounting business, it is included in gross domestic product (GDP) as investment, and when she buys a new computer for personal use at home, it counts as consumption.
What is investment?
This can be referred to as all process of investing money in order to accrue profit at the end.
The investment in computers is to ensure that the business makes profit at the end of the period.
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Which examples demonstrate common education and qualifications for Management and Entrepreneurship careers? Check all that apply.
Horatio is good at following instructions.
Marissa has strong visual design skills for arranging displays.
Letisha has a bachelor’s degree in marketing.
Quentin has many years of experience in public relations.
Devon is able to stand for long periods of time.
Lloyd is skilled at planning and managing budgets.
Answer:
3- Letisha has a bachelor’s degree in marketing.
4-Quentin has many years of experience in public relations.
6-Lloyd is skilled at planning and managing budgets.
Explanation:
The example that shows qualification are
Letisha bachelor’s degree in marketing.Quentin years of experience in PR.Lloyd skills at planning and managing budgets.What are management and enterpreneurship?Management and the entrepreneurship both terms refer to the part of administration of an organization that can be the business, the nonprofit, or even the government body.
Entrepreneurship is a process of discovering the new ways to combine resources. These resources have a greater value than the market.
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why is enterprise important to a country ?
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
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the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
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which of the following represents an aspect of the empathy dimension of servqual?
Assurance. By providing assurance, the company establishes trust, reliability, and confidence with its customers.
Empathy refers to the ability of service providers to recognize, understand, and take into account their customers' thoughts, feelings, and situations. Empathy is the fifth and final dimension of SERVQUAL.The Empathy dimension refers to the degree to which the company provides caring and individualized attention to its customers.
Following are the aspects of the empathy dimension of SERVQUAL: Understand the customer's needsGenuinely care about the customer Understand the customer's specific situation Empathize with the customer in regards to their problems. Assurance refers to the competency and trustworthiness of the firm and its employees.
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If there is gravity where the International Space Station (ISS) is located above Earth, why doesn't the space station get pulled back down to Earth? р Edit View Insert Format Tools Table 12pt Paragraph B I U A BVT² V DV C QUI !!! To 田く √x + 0 words 5 pts ⠀⠀
Even though it can seem like there is no gravity in space, the International Space Station (ISS) is nonetheless subject to the effects of gravity. The ISS's orbital speed prevents it from being dragged back down to Earth.
The ISS is perpetually falling around the Earth, giving the astronauts on board the experience of weightlessness. The ISS is kept in a stable orbit by the gravitational attraction between the Earth and it, which counteracts the centrifugal force brought on by its speed and distance from the planet's surface. This complex balance permits the ISS to fall towards the Earth constantly while simultaneously keeping it moving sideways quickly enough to keep missing the target. and continues to orbit the planet. In essence, the ISS maintains its location in space by continuously falling yet also missing the Earth.
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Your grandparents would like to establish a trust fund that will pay you and your heirs $230,000 per year forever with the first payment 10 years from today. If the trust fund earns an annual return of 4.5 percent, how much must your grandparents deposit today?
Answer:
$3,438,289
Explanation:
First we need to calculate the future value of investment after 10 years.
A fix payment for indefinite period of time is a perpetuity payment. It will be value using perpetuity formula
Value of investment after 10 years = Yearly cash flow / interest rate
Value of investment after 10 years = $230,000 / 4.5% = $5,111,111
Now we need to discount this value to calculate the amount of deposit required today.
Present value = Future value x ( 1 + r )^-n
Today's value = $5,111,111 x ( 1 + 4.5% )^-9 = $3,438,289
If an expansionary fiscal policy is undertaken and real GDP does not increase in the long run, then it is likely that the
If expansionary fiscal policy fails to increase the GDP then it can cause a brief recession.
What is Expansionary Fiscal Policy?Expansionary fiscal policy is a sort of fiscal strategy in which the government intends to raise the total amount of money in circulation while concurrently cutting or reducing tax rates to promote economic expansion.
Real GDP tends to rise along with the inflation rate when real GDP falls short of potential real GDP.
As a result, both the real GDP and the inflation rate will increase.
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To make sure a department store card will help your credit history, what should you do? (Select the best answer.)
Find out the interest rate and compare it with other cards.
Make sure the company reports to the credit bureaus.
Avoid using the card.
Make a lot of purchases with the card, even if you can't pay them off in full each month.
The best answer is B. Make sure the company reports to the credit bureaus.Options A, C, and D are not effective strategies for ensuring that a department store card helps your credit history. While it's important to be aware of the interest rate (option A), it does not directly determine if the card will benefit your credit history.
Avoiding using the card (option C) or making a lot of purchases without paying them off (option D) can have negative effects on your credit if you accumulate debt or miss payments.
To ensure that a department store card will help your credit history, it is essential to confirm that the company reports your credit activity to the credit bureaus. Credit bureaus collect information on individuals' credit behavior and use that data to calculate credit scores. By reporting your credit card activity, such as on-time payments and responsible credit utilization, the credit bureaus can assess your creditworthiness and positively impact your credit history.
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Suppose Baldwin invested in plant and equipment last year. The plant investment was funded with bonds at a face value of $8,000,000 at 12.5% interest and equity of $4,200,000. Depreciation is 15 years straight line. For this transaction alone, which of the following statements are true (select 3 answers)
For Baldwin investing in plant and equipment last with bonds of $8 million at 12.5% and equity of $4.2 million, the true statements are:
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.5. Depreciation increased by $813,333.7. On the Balance Sheet, Long Term Debt changed by $8,000,000.What are the sources of cash for corporate investments?Corporate investments require cash outlays.
The cash outlays may be sourced internally (through retained earnings and cash) or externally through the issuance of bonds and equity shares.
Thus, for Baldwin's investment, the true statements are Options 3, 5, and 7.
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Question Completion with Answer Options:1. Cash was pulled from Retained Earnings to cover the $4,200,000 difference between plant purchase and bond issue.
2. Cash went down by the amount of the plant purchase.
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.
4. Buying the plant had no net effect on the Cash account because the plant was paid for by the bond plus Retained Earnings.
5. Depreciation increased by $813,333.
6. Cash went up when the bond was issued by $8,000,000.
7. On the Balance Sheet, Long Term Debt changed by $8,000,000.
8. Since the new plant was funded with debt and equity, on the Balance Sheet, Retained Earnings decreased by $4,200,000, the difference between the investment and the bond issue.
assuming the data is normally distributed, approximately what percent of customers are willing to pay between $1.20 and $1.80 for a pint of frozen yogurt?
Approximately 99.74% of customers are willing to pay between $1.20 and $1.80 for a pint of frozen yogurt.
To determine the percentage of customers willing to pay between $1.20 and $1.80 for a pint of frozen yogurt, we need to use the normal distribution.
The first step is to standardize the values by calculating the z-scores for $1.20 and $1.80. We use the formula:
z = (x - μ) / σ
Where x is the value, μ is the mean, and σ is the standard deviation.
Next, we use a standard normal distribution table or a calculator to find the area under the curve between these z-scores. This represents the percentage of customers within the given price range.
For example, let's assume the mean price is $1.50 with a standard deviation of $0.10.
For $1.20:
z = (1.20 - 1.50) / 0.10 = -3
For $1.80:
z = (1.80 - 1.50) / 0.10 = 3
Using the standard normal distribution table or calculator, we find the area to the left of -3 is approximately 0.0013, and the area to the left of 3 is approximately 0.9987.
To find the percentage between $1.20 and $1.80, we subtract the smaller area from the larger area:
0.9987 - 0.0013 = 0.9974
Therefore, approximately 99.74% of customers are willing to pay between $1.20 and $1.80 for a pint of frozen yogurt.
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Assuming the data is normally distributed, we can use the standard normal distribution to find the percentage of customers willing to pay between $1.20 and $1.80 for a pint of frozen yogurt.
1. We need to convert the given prices to z-scores. The formula to calculate the z-score is:
z = (x - μ) / σ
where x is the given price, μ is the mean price, and σ is the standard deviation of prices.
2. Next, we need to find the cumulative probability associated with each z-score using a standard normal distribution table or a calculator.
3. To find the percentage of customers willing to pay between $1.20 and $1.80, we subtract the cumulative probability of the lower z-score from the cumulative probability of the higher z-score and multiply the result by 100.
To find the percentage of customers willing to pay between $1.20 and $1.80 for a pint of frozen yogurt, we need to calculate the z-scores for these prices. Using the z-scores, we can find the cumulative probabilities associated with each z-score. Finally, by subtracting the lower cumulative probability from the higher cumulative probability, we can determine the percentage of customers willing to pay within the given price range.
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What is stock turnover?
Answer:
Stock turnover is the total cost of sales divided by inventory. Usually calculated using the average inventory over an accounting period, not an ending-inventory value.
Answer:
Explanation:
Stock turnover is the total cost of sales divided by inventory (materials or goods on hand). Usually calculated using the average inventory over an accounting period, not an ending-inventory value. Also called inventory turnover.
TO DO: Section C: Organizational Feasibility Management prowess o Does your team have the required skills and experience? How is lack of skills in certain areas mitigated? o What skills are vital for the success of this business. Are they present among the management team? Resource sufficiency Does your team have the ability and can obtain the resources? o Bootstrapping strategies O o Section D: Financial Feasibility • Financial performance of business – evaluate using financial statements, financial ratios, etc. Financial performance of similar businesses o How do the numbers of firm compare to similar business in the field? o Benchmark Overall financial attractiveness of the proposed venture o How financially attractive is this business? o Financial analysis including but not limited to break-even analysis Overall Feasibility: Summary and Conclusion • Summarize your analysis and provide conclusion/justification for your overall assessment
A thorough analysis of both organizational and financial feasibility is essential in order to determine whether a proposed venture is likely to succeed. By evaluating the skills and experience of the management team, resource sufficiency, and overall financial performance, you can make an informed assessment and provide a compelling justification for your overall assessment.
In order to evaluate the organizational feasibility of your proposed business, it's important to assess whether your team has the necessary skills and experience to succeed. If there are gaps in certain areas, it's important to consider how those can be mitigated - whether that means bringing on additional team members or finding ways to develop those skills within the existing team.
Some key skills that are vital for the success of any business include strong leadership, financial management, marketing and sales, and operational expertise. It's important to evaluate whether these skills are present among the management team and whether there are plans in place to build upon them if necessary.
In terms of resource sufficiency, it's important to consider whether your team has the ability and access to the resources needed to launch and grow the business. Bootstrapping strategies can be effective in the early stages, but it's important to have a plan in place for obtaining additional resources as needed.
Moving onto the financial feasibility of the business, it's important to evaluate the financial performance of similar businesses in the field and benchmark against those numbers. This can help to identify areas of strength and weakness and inform strategies for improving financial performance.
Ultimately, the overall financial attractiveness of the proposed venture will depend on a variety of factors, including market demand, competition, and the strength of the management team. Conducting a thorough financial analysis, including a break-even analysis, can help to inform decision-making and ensure that the business is financially sustainable in the long-term.
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Suppose you are buying your first condo for $180,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?.
If we arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. The monthly payments amount be $1,042.91
Purchase Price of Condo $180,000.00
Down payment $15,000.00
Loan amount $165,000.00
Terms in years 30
Annual interest rate 6.50%
Monthly interest rate 0.5417%
No. of monthly loan payment 360
Monthly payment amount $1,042.91
The term "Monthly Payment Amount" refers to the total of the interest payable under this Note on the portion allocated as Fixed Rate Tranche A at the Fixed Interest Rate in the amounts for each such Payment Date set forth on Annex 1 attached hereto and incorporated herein by this reference or as provided by Payee to Maker in connection with the initial Fixed Interest Rate Interest Period from and including the First Payment Date through the Maturity Date.
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Employees who work on commission typically work in
education
Answer:
Is this true or false? What are the options to answer
Explanation:
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for college educations. Illustrate and label on the graph any shifts in supply or demand. Your labels should include D1, D2, S1, S2, E1, E2, and E3.
When the birthrate in the US increases, there would be an increase in the demand for college education. The demand curve would shift to the right.
What would happen in birth rate increase?When birth rate increases, there would be more children in the country. This would lead to more people needing college education. As a result, the demand for college education increases and this would shift the demand curve to the right.
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1 What does the chairman of the board do?
2 What is economy of scale?
1. What does the chairman of the board do? The chairman of the board has a few essential duties. He/she is responsible for running board meetings, making sure that all board members have a voice in discussions and decisions, and acting as a leader and mentor to other board members.
In addition, the chairman of the board is responsible for helping to shape the organization's overall strategy and vision and making sure that the board is aligned around these goals.
2. What is economy of scale?Economy of scale refers to the idea that as a company grows and produces more, its costs of production decrease. This is because fixed costs, like rent and machinery, can be spread out over a larger number of products through Economy of scale
Additionally, as a company produces more, it may be able to negotiate better deals with suppliers and get better prices on raw materials. Finally, a larger company may be able to take advantage of new technologies and innovations that smaller companies cannot afford.
Overall, the idea is that by producing more, a company can become more efficient and cost-effective, which can help it stay competitive and profitable.
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Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?
The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.
What are bonds?A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.
Given that,
Approximate market value of $1,000 is $1,200
Interest rate is 6%
\(\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%\)
Hence, the comparable bonds pay a 5% interest rate.
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What economic event began in 2007?
the Great Recession
O the Reconstruction
the Progressive Era
the Great Depression
Answer:
The Great Recession
Explanation:
The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Beyond its duration, the Great Recession was notably severe in several respects. Real gross domestic product (GDP) fell 4.3 percent from its peak in 2007Q4 to its trough in 2009Q2, the largest decline in the postwar era (based on data as of October 2013). The unemployment rate, which was 5 percent in December 2007, rose to 9.5 percent in June 2009, and peaked at 10 percent in October 2009. (Robert Rich, federalreservehistory.org)
Consider a simple economy that produces two goods: pens and erasers. The following table shows the prices and quantities of the goods over a three year period.
Pens Erasers
Year Price (Dollars per pen) Quantity (Number of pens) Price (Dollars per eraser) Quantity Number of erasers
2014 1 120 1 195
2015 2 130 4 195
2016 4 130 4 145
Use the information from the preceding table to fit in the following table.
Nominl GDP Dollars Real GDP Base year 2014 dollars GDP Deflator
Year 2014 2015 2016 From 2015 to 2016, nominal GDP _____ and real GDP _____
The inflation rate in 2016 was _____.
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
a. Real GDP does not include the value of intermediate goods and services, but nominal GDP does.
b. Real GDP is not influenced by price changes, but nominal GDP is.
c. Real GDP includes the value of exports, but nominal GDP does not.
In the given table, the nominal GDP, real GDP (in base year 2014 dollars), and GDP deflator for the years 2014, 2015, and 2016 are required to be filled. From the information given, it can be determined that nominal GDP and real GDP for the year 2014 will be the same. In 2015, the nominal GDP will be calculated by multiplying the respective prices and quantities of pens and erasers for that year. The real GDP for 2015 will be calculated by multiplying the base year prices of pens and erasers with their quantities for 2015. Similarly, the values for 2016 can be calculated.
To fill in the table, we can calculate the nominal GDP for each year by multiplying the respective prices and quantities of pens and erasers. For example, in 2014, the nominal GDP would be (1 x 120) + (1 x 195) = $315. Real GDP in base year 2014 dollars can be calculated by multiplying the base year prices (2014 prices) with the quantities for each year. For 2014, the real GDP would be (1 x 120) + (1 x 195) = $315.
To calculate the values for 2015 and 2016, we follow the same procedure. For 2015, the nominal GDP would be (2 x 130) + (4 x 195) = $1,040, and the real GDP would be (1 x 120) + (1 x 195) = $315. Similarly, for 2016, the nominal GDP would be (4 x 130) + (4 x 145) = $1,260, and the real GDP would be (1 x 120) + (1 x 195) = $315.
From 2015 to 2016, the nominal GDP increased from $1,040 to $1,260, while the real GDP remained constant at $315. The inflation rate in 2016 can be calculated using the GDP deflator, which is the ratio of nominal GDP to real GDP multiplied by 100. The inflation rate is the percentage change in the GDP deflator from 2015 to 2016.
Real GDP is a more accurate measure of an economy's production than nominal GDP because it accounts for changes in prices. Real GDP adjusts for inflation by using constant prices from a base year, providing a measure of the economy's output unaffected by price changes. In contrast, nominal GDP includes the effects of both changes in production quantities and changes in prices, which can be misleading when comparing economic performance over time or between countries. Real GDP also excludes the value of intermediate goods and services to avoid double counting, while nominal GDP includes all final goods and services produced in an economy.
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why are intermediate products excluded from the macroeconomic calculations of GDP?
Intermediate products are excluded from the macroeconomic calculations of GDP because their worth is incorporated into the final products.
Intermediate products are goods that are utilized by businesses to produce goods or services. These are also referred to as producer goods. In other words, intermediate products are used in the production of final products or consumer products.
They can also be regarded as ingredients in final products as well as inputs into the production of other items. A corporation may manufacture intermediate products for the production of final or finished goods, or it may sell them to another company involved in the production of final products.
Intermediate products may become a component of the end product or undergo significant changes during the manufacturing process of making finished items.
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Which of the following is NOT a primary reason for technology?
(A)Get tasks done quicker
(B)Make tasks easier
(C)Get tasks done more efficiently
(D)Make tasks more difficult
Answer:
D
Explanation:
technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult
Which of the following statements is always true? A. Workers being paid based on commission...
Answer:
The statement that is always true is the b. Workers being paid on commission get paid based solely on their performance.
Explanation:
That is because the pay on commission is proportional to the results: the more you sell the more you earn. So, the earnings are reflection of the results that the employee reaches, i.e. his/her performance. Take into account that option c. "workers being paid on commission are stressed over the amount of earnings they will have" is true only some times, because if the employee has a comfortable finance position he/she will not necessarily be under stress.
our nonverbal communication includes all of the following except:
a. posture b. tone of voice
c. gestures d. facial expressions e. the job application
Our nonverbal communication includes posture, tone of voice, gestures, and facial expressions except in job applications.
Nonverbal communication refers to communication without words, such as body language, gestures, facial expressions, and tone of voice. The job application is a written form of communication and is not considered nonverbal communication.
What are the six examples of nonverbal communication?
Smiling, raising your eyebrows, and furrowing your brow are all examples of facial expressions that can communicate a lot about the way you are feeling in the moment. There are also a variety of contexts in which facial expressions play an important role in non-verbal communication.
Hence, the right answer is option E. The job application.
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100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation: