To maintain an acceptably low level of audit risk, the author may Reduce control risk by performing more tests of controls and placing more reliance on client internal controls.
In the term of economic and business, Audit risk as per ISA 200 generally can be defined as the risk that the auditor expresses an inappropriate opinion when the financial statements are materiality misstated. There are several aspects that included in audit risk, such as Inherent risk, the risk involved in the nature of business or transaction. The audit risk can be classified into several types, such as inherent risk, control risk, acceptable audit risk, and detection risk.
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Henry and Charlotte are both 28 years old.
Henry and Charlotte separated in 2018 and their divorce was finalized in January 2019. During 2019, Charlotte paid Henry alimony payments of $12,000.
Charlotte earned $85,000 in wages during 2019. Henry earned $13,000 in wages.
Henry has two children from a previous relationship. Ethan is 9 and James is 6 years old and they lived with Henry for all of 2019. Ethan and James did not provide over half of their own support.
Henry paid all the rent, utilities, and household expenses.
Henry, Charlotte, Ethan, and James are all U.S. citizens with valid Social Security numbers.
*** Who can claim Ethan and James as qualifying children for earned income credit?
A. Charlotte
B. Henry
C. Both Charlotte and Henry
D. Neither Charlotte or Henry
Answer:
B. Henry
Explanation:
The following are the requirements to qualify for earning income credit:
1. Henry and children has the number of social security
2. Henry earns $12,000 i.e. higher than that of $1 for a year
3. And both the children lived with Henry in the year 2019 not with the charlotte
So according to the above explanation only henry could qualify the children for earned income credit
Therefore the option B is correct
Which of the following business ownership structures offers the best liability protection but higher taxes?
Answer:
C corporations
Explanation:
A ' C ' corporation is a business ownership structure that treats owners and the business as separate legal entities. In Tax computations, the corporation fulfills the corporate tax requirements while the shareholders need to file individual income tax returns. These seem to be an aspect of double taxation, which makes the C corporation's highest tax payers.
C corporations have limited liability feature, which makes them popular among investors. The limited liability element safeguards shareholders' personal properties from creditors should the business fail to meet its obligations.
Opportunity cost is the benefit of the next best alternative which is not selected because of the best alternative. Trade-off is a decision based on a situation where one has to let other alternatives go to select one alternative.
Opportunity cost is the expense of giving up the next best option as a result of making a choice.
What is opportunity cost next best alternative?Opportunity cost offers a framework for choosing the best course of action, especially when dealing with scarce resources like money and time. The worth of what you forgo while deciding among two or more possibilities is known as opportunity cost.
Scarcity has an impact on opportunity cost. People must make trade-offs while using their limited resources because of scarcity. Every time we do anything, we have to give up doing something else that would be more desired due to scarcity. Every action we take has an opportunity cost, which is measured by the most valuable option that is forgone.
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what does the fox say
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
Suggest the business and revenue model Boo.com could have
considered and assess the potential for profitability
Boo.com, an online retailer that operated during the dot-com era, faced several challenges and ultimately failed.
However, if we were to consider alternative business and revenue models for Boo.com, here are some options they could have explored:
Subscription-based Model: Boo.com could have offered a subscription-based service where customers pay a monthly or annual fee to access exclusive benefits such as free shipping, personalized recommendations, and early access to new products. This model would provide a recurring revenue stream and incentivize customer loyalty.Marketplace Model: Instead of carrying its own inventory, Boo.com could have transformed into a marketplace platform where various brands and retailers could sell their products. Boo.com would earn revenue through commission fees or transaction fees for facilitating sales. This would allow for a wider range of products and reduce inventory management costs.Data Monetization: Boo.com could have leveraged the customer data it collected to offer targeted advertising or sell anonymized customer insights to third-party advertisers. By analyzing customer behavior and preferences, Boo.com could have generated additional revenue streams without relying solely on product sales.Vertical Integration: Rather than solely focusing on retail, Boo.com could have vertically integrated by expanding into manufacturing or distribution. By controlling the entire supply chain, they could have reduced costs and increased profit margins. This would require significant investment and operational expertise.Brand Partnerships and Sponsorships: Boo.com could have formed strategic partnerships with fashion brands and designers, collaborating on exclusive collections or promotional campaigns. This would generate revenue through brand collaborations and sponsorships while enhancing the company's reputation and attracting a wider customer base.Know more about Boo.com here
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use the marketing mix chart or the 4 P's of marketing and explain a current car or musician and write four sentences are more describing each of four p's
Answer:
The product is a car, the BMW X1
Explanation:
Product: BMW X1, a sports car that is a compact four door SUV, that can go from 0 to 60 mph in 6 seconds.
Price: the starting price of this model $35,400. It is not a cheap car, but it is one of the cheapest models that BMW has to offer.
Place: the car can be evaluated, and bought through BMW's website, although most customers will obviously prefer to buy it in person, in order to test drive. For this reason, the car is sold at most BMW dealerships.
Promotion: this is a car for the upper-middle class, so advertisements tend to cater to that specific demographic group.
Which of the following is not a concern with a non-asset based 3PL?a. Significant internal capacityb. Complexity of the relationshipc. Lack of flexibility
Answer:
The answer to the question "Which of the following is not a concern with a non-asset based 3PL?" is a. Significant internal capacity . This is because a non-asset based 3PL does not have its own physical assets (such as trucks or warehouses), so it relies on other companies to provide these resources. Thus, the significant internal capacity is not a concern for a non-asset based 3PL. The correct answer is provided in option a,
Explanation:
A(n) __________ is a formal complaint made in response to dissatisfaction over a product or service.
Your main answer is that a(n) "grievance" is a formal complaint made in response to dissatisfaction over a product or service.
A complaint is a formal expression of dissatisfaction made by a customer or a client in response to a perceived problem or issue with a product or service they received. It is a means of voicing their concerns and seeking a resolution to their problem. Complaints can be made verbally or in writing and are usually directed toward the company or organization responsible for the product or service.
A grievance is typically filed when a customer or client believes that their concerns have not been adequately addressed, and they seek a resolution or compensation for their negative experience.
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An+open-end+fund+has+a+net+asset+value+of+$11.20+per+share.+it+is+sold+with+a+front-end+load+of+5%.+what+is+the+offering+price?+(round+your+answer+to+2+decimal+places.)
The offering price of the open-end fund, with a net asset value of $11.20 per share and a front-end load of 5%, is $11.76 per share.
To calculate the offering price, you need to add the front-end load percentage to the net asset value per share.
Front-end load percentage: 5% = 0.05
Net asset value per share: $11.20
Offering price = Net asset value per share + (Front-end load percentage * Net asset value per share)
Offering price = $11.20 + (0.05 * $11.20)
Offering price = $11.20 + $0.56
Offering price = $11.76
Therefore, the offering price is $11.76 per share.
In business, common types of amounts include monetary, quantity, percentage, statistical, and non-monetary. Understanding or interpreting these amounts is essential for financial analysis and decision-making.
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Intersects the unit circle at point (-0.9483, -0.3173). what is the value of tan(0)
The value of tan(0) is 0. The point (-0.9483, -0.3173) lies on the unit circle, which is a circle centered at the origin with a radius of 1. The x-coordinate of this point is -0.9483, which is very close to -1. Similarly, the y-coordinate is -0.3173, which is very close to 0.
Since we know that the point lies on the unit circle, we can use the definition of the tangent function to find the value of tan(0). The tangent of an angle is defined as the ratio of the opposite side to the adjacent side of a right triangle that contains that angle. In this case, we can draw a line from the origin to the point (-0.9483, -0.3173) to form a right triangle. The hypotenuse of the triangle is the radius of the unit circle, which is 1. The adjacent side is the x-coordinate of the point, which is -0.9483, and the opposite side is the y-coordinate of the point, which is -0.3173.
Therefore, tan(0) = opposite/adjacent = -0.3173/-0.9483 = 0.3338. However, we know that the x-coordinate of the point is very close to -1, which means that the adjacent side is essentially equal to -1. In this case, tan(0) = opposite/adjacent = -0.3173/-1 = 0.3173. However, we also know that the y-coordinate of the point is very close to 0, which means that the opposite side is essentially equal to 0. In this case, tan(0) = opposite/adjacent = 0/(-1) = 0. The point (-0.9483, -0.3173) lies on the unit circle, which is a circle centered at the origin with a radius of 1. To find the value of tan(0), we used the definition of the tangent function and formed a right triangle that contained the angle 0. By using the opposite and adjacent sides of the triangle, we found that the value of tan(0) is 0.
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SEND HELP ASAP 10 points
Two people quit work and begin college at the same time. Their salary and education information is given in the table below.
Salary prior to school
Years attending college
Total cost of college
Salary upon graduating
Person A
$18,000
3
$45000
$33,000
Person B
$27,000
4
$30,000
$37,000
Choose the true statement.
a.
Person A recovers their investment in a shorter amount of time.
b.
Person B recovers their investment in a shorter amount of time.
c.
They recover their investments in the same amount of time.
d.
There is too little information to compare the time to recover their investments.
Please select the best answer from the choices provided
A
B
C
D
Answer:
A
Explanation:
One year headstart
Question 15 of 20
A business that wants to increase productivity for its main product needs to:
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products...
Why is it called a company?
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products... Etymology. The Old French word compagnie, which first appeared in the Salic law (c. 1150) and meant "society, companionship, intimacy; body of troops," is where the English word "company" derives from. Companio originally derived from Late Latin and meant "one who eats bread with you." types of businesses Any business created in accordance with the 2013 Companies Act is referred to as a "company."
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QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
How much interest will an account earn if you deposited \( \$ 615 \) at the end of every six months for 10 years and the account earned \( 3.00 \% \) compounded semi-annually? Round to the nearest cen
A. The interest earned on the account can be calculated using the formula for compound interest.
B. The formula for compound interest is given by:
\[ A = P \left(1 + \frac{r}{n}\right)^{nt} - P \]
where:
- \( A \) is the final amount or balance in the account
- \( P \) is the principal amount or the initial deposit
- \( r \) is the interest rate (in decimal form)
- \( n \) is the number of compounding periods per year
- \( t \) is the number of years
In this case, the principal amount \( P \) is \$615, the interest rate \( r \) is 3.00% (or 0.03 in decimal form), the compounding periods per year \( n \) is 2 (since it is compounded semi-annually), and the number of years \( t \) is 10.
Substituting these values into the formula, we can calculate the final amount and then subtract the principal amount to find the interest earned.
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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?
Answer:
IF function
Explanation:
The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.
To do the task in the question, Nathan can only make use of the IF function.
This is so, because the question relates to conditional statement.
The full if statement is:.
=IF(A1 < B1, "YES","NO")
Why did Canadian liquor industries in 1993 and Saudi movie theater industries in 2018 witness massive rapid expansion?a. The govemment needed to make more money in these countries b. Govemment funding increased in these countries c. A change in norms, culture, rights, and traditions in these countriesd. Strong advocacy from entrepreneurial people in these countries
The massive rapid which happen to Canadian liquor and Saudi movie theater industries is because of a change in norms, culture, rights, and traditions in these countries. Attract local investors, forge alliances with international entertainment companies. The answer is OPTION C.
Increase family spending on entertainment from 2.9% to 6%, and develop a market of SAR 30 billion in leisure services are some of the objectives of Saudi Arabia's Vision 2030. The opening of Saudi Arabia's moment cinema by VOX Cinemas serves as an example of the fast-paced development of the film industry. Alberta became the first province in Canada to privatise the sale of alcohol in 1993. Due to the open and competitive marketplace created, businesses had the chance to succeed.
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b) Manuel needs to order fruit and vegetables on a regular basis from his supplier. Consider the advantages and disadvantages of three methods of communication he could use to place orders with his supplier. Recommend the best method for him to use. Justify your answer
Explanation:
Manuel has several options for communicating with his supplier to place regular orders for fruits and vegetables. Three potential methods include phone calls, emails, and electronic ordering systems (e.g., a dedicated supplier platform, mobile app, or EDI). We will analyze the advantages and disadvantages of each of these methods and recommend the best option for Manuel.
1. Phone calls:
Advantages:
- Direct, real-time communication with the supplier allows for immediate clarification of issues or negotiations.
- Personal interaction may help strengthen the client-supplier relationship.
- Can be executed quickly in urgent or last-minute situations.
Disadvantages:
- No written record of the conversation, potentially leading to misunderstandings or information loss.
- Requires both parties to be available at the same time.
- Longer or more complex orders might be prone to mistakes, as there is no transcript to review.
2. Emails:
Advantages:
- Provides a written record of the order, clarifying expectations and minimizing miscommunication.
- Allows for asynchronous communication, with no need to coordinate schedules.
- Ability to attach documents or images, if necessary.
Disadvantages:
- May lack the personal touch found in phone calls.
- Time-sensitive requests may not receive an immediate response.
- Emails can be lost or delayed due to spam filters, server issues, or full inboxes.
3. Electronic ordering systems (supplier platform, mobile app, EDI):
Advantages:
- Streamlines the ordering process, with consistent formats and fields.
- Real-time updates on inventory, pricing, and delivery schedules.
- Can integrate with other systems such as accounting and inventory management.
- Reduces manual data entry and hence errors.
Disadvantages:
- May require initial investments in technology or training.
- Potential issues with data privacy or platform compatibility.
- If the system crashes or experiences technical issues, orders may be delayed or lost.
Recommendation:
Based on the analysis, the best method for Manuel would be an electronic ordering system. Although it may require some initial investment and training, it provides a streamlined, efficient approach to ordering, reducing the likelihood of errors and offering real-time updates. This method will also save time, as it eliminates the need for coordination and manual data entry. Integration with other systems further supports business operations and decision-making.
While emails may offer a written record of the order, electronic ordering systems provide this advantage without the risk of delays or lost messages. Phone calls, on the other hand, may allow for personal interaction but lack the consistency, documentation, and automation that electronic systems provide. Overall, an electronic ordering system is the most effective and reliable choice for placing regular orders with the supplier.
The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
What are the three basic functions of money ?
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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an individual labor supply curve: A. always vertical. B. always positively sloped. C. always negatively sloped. D. be positively sloped, vertical, or negatively sloped at different ranges.
An individual labor supply curve can be positively sloped, vertical, or negatively sloped at different ranges.
The correct option is D. be positively sloped, vertical, or negatively sloped at different ranges.
The shape of an individual's labor supply curve can vary depending on different factors and ranges. In some cases, an individual's labor supply curve may be positively sloped, indicating that they are willing to supply more labor as wages increase. At certain ranges, an individual's labor supply curve may be vertical. This occurs when the individual has reached their maximum capacity to work or has constraints that prevent them from increasing their labor supply regardless of wage changes. an individual's labor supply curve can also be negatively sloped within a certain range. This implies that as wages increase, individuals may choose to work less due to income effects or substitution effects.
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can someone help me with this please.
Answer:
sure
Explanation:
no image
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
When total cost is $10,000 and variable costs are $4,000 with an output level of 10 units, average fixed cost is $ and average variable cost is $
When the total cost is $10,000 and variable costs are $4,000 with an output level of 10 units, the average fixed cost is $600 and the average variable cost is $400.
To calculate the average fixed cost, we need to subtract the variable costs from the total cost and then divide it by the output level.
Average Fixed Cost = (Total Cost - Variable Costs) / Output Level
Given that the total cost is $10,000 and the variable costs are $4,000, we can calculate the average fixed cost as follows:
Average Fixed Cost = ($10,000 - $4,000) / 10 = $6,000 / 10 = $600
Therefore, the average fixed cost is $600.
To find the average variable cost, we divide the variable costs by the output level.
Average Variable Cost = Variable Costs / Output Level
In this case, the variable costs are $4,000, and the output level is 10 units.
Average Variable Cost = $4,000 / 10 = $400
Thus, the average variable cost is $400.
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Which of the following has inelastic demand: O Movie tickets Ice cream O Televisions Bread
Answer:
Bread
Explanation:
Inelastic demand tends to remain relatively stable despite price changes. Inelastic demand is a stable demand, or demand that is not stretching. Foodstuffs and essential goods tend to have constant demand regardless of changes in prices. People have to consume these goods no matter their costs.
Bread is foodstuff. People must eat to survive. The demand for bread and other foods stuff will remain relatively constant despite changes in prices.
Gina is about to use a fire extinguisher on a small fire.
What factor determines the type of extinguisher she
should use?
Portfolios A and B have an expected return of 10%. Portfolio A has a standard deviation of 6% while Portfolio B has a standard deviation of 13%. Which portfolio would a rational investor choose?
To determine which portfolio a rational investor would choose, we need to consider the concept of risk and return trade-off.
Investors typically seek higher returns while minimizing risk. In this case, Portfolio A has a lower standard deviation of 6%, indicating lower volatility or risk compared to Portfolio B, which has a standard deviation of 13%. The rational investor would prefer a portfolio with lower risk. Therefore, a rational investor would choose Portfolio A, which has a lower standard deviation and offers a similar expected return of 10%. This decision reflects the investor's preference for lower risk while still achieving a reasonable return.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Sarah, realizes she has a passion for finance. She specifically would like to study how personal behavior impacts our finances and the entire society. What career choice would BEST fit Sarah’s desire to study financial decisions and how we make them?
economist
math teacher
stock broker
Answer:
economist
Explanation:
block grants and revenue sharing are both grants-in-aid. what is the difference between them?
The main difference between block grants and revenue sharing is their purpose and allocation.
Block grants and revenue sharing are both forms of grants-in-aid, which are funds provided by the federal government to state and local governments for specific purposes. However, they are different in their purpose and allocation.
Block grants are federal funds provided to state and local governments for broad purposes, such as community development, social services, or public health. These grants offer flexibility to the recipient governments in how they use the funds within the specified area, allowing them to tailor their programs and initiatives based on local needs and priorities.
Revenue sharing, on the other hand, refers to the allocation of a portion of federal tax revenue to state and local governments without any specific purpose restrictions. This allows the recipient governments to use the funds as they see fit, without having to adhere to any specific federal guidelines or requirements. Revenue sharing is often used to address budget shortfalls or to fund general government operations.
In summary, the difference between block grants and revenue sharing lies in their purpose and allocation: block grants are meant for specific program areas with some flexibility, while revenue sharing provides unrestricted funds for the recipient governments to use as they deem necessary.
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Which best describes a central bank’s primary goals?
Limiting inflation and reducing unemployment.
Reducing unemployment and maintaining cash flow.
Controlling stagflation and reducing unemployment.
Managing credit and ensuring the money supplies liquidity.
Answer: A-limiting inflation and reducing unemployment
Explanation: edeg2020
The primary goal of the central bank of a country is to:
Limiting inflation and reducing unemployment.What is the central bank?The central bank is the highest bank of the country. This is the bank that is in charge of all other banks in the nation.
The bank is responsible for the control of the country's currency. They are also responsible for the supply of liquidity.
But their main function in the economy is to Limit inflation and reduce unemployment.
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The typical amount of capital needed to launch a startup, according to the Bureau of Labor Statistics, is
$10,000 - $12,000
$100,000 - $500,000
$1000 - $5000
$25,000 - $200,000
Answer:
b
Explanation:
The typical amount of capital needed to launch a startup, according to the Bureau of Labor Statistics, is B)$100,000 - $500,000.
What percentage of small businesses fail within the first 5 years?Consistent with the U.S. Bureau of hard work records (BLS), this isn't necessarily actual. Records from the BLS indicate that about 20% of recent businesses fail at some stage in the primary two years of being open, 45% at some stage in the primary five years, and sixty-five% during the primary 10 years. The simplest 25% of the latest corporations make it to fifteen years or greater.
In step with records published in 2019 with the aid of the Small enterprise management (SBA), about twenty percent of business startups fail within the first yr. About 1/2 succumb to commercial enterprise failure within 5 years. by way of 12 months 10, only approximately 33% live to tell the tale.
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