The equivalent variation measures the change in income that would make the consumer indifferent between the initial and new price levels. In this case, the equivalent variation resulting from a $1.00 increase in the price of x1 is $3.67.
To calculate the equivalent variation, we need to compare the utility levels before and after the price change. The initial utility level can be calculated using the given utility function and the initial quantities consumed (x1, x2). The final utility level can be calculated using the new prices and the new quantities consumed (x1', x2).
Given utility function: u = x1^0.67 * x2^0.33
Initial prices: (p1, p2) = (9.00, 4.00)
Initial income: $95.00
To find the initial quantities consumed, we solve the following optimization problem:
Maximize u = x1^0.67 * x2^0.33
Subject to the budget constraint: p1x1 + p2x2 = income
Using Lagrange multipliers, we have:
0.67x1^-0.33 * x2^0.33 = λp1
0.33x1^0.67 * x2^-0.67 = λp2
p1x1 + p2x2 = income
Solving these equations, we find the initial quantities consumed: x1 = 5.273 and x2 = 9.138.
Now, after the price change, the new price of x1 becomes $10.00. We want to find the new quantities consumed, x1' and x2, that maximize utility subject to the new budget constraint: p1'x1' + p2x2 = income.
Using a similar approach as before, we can solve for x1' and x2 and find that x1' = 4.706 and x2 = 9.731.
Finally, we calculate the utility levels before and after the price change:
Initial utility level: u1 = 5.273^0.67 * 9.138^0.33 ≈ 13.162
Final utility level: u2 = 4.706^0.67 * 9.731^0.33 ≈ 12.741
The equivalent variation is the change in income that would make the consumer indifferent between these two utility levels. We can calculate it by finding the income that would yield the initial utility level using the new prices. Thus, the equivalent variation is approximately $3.67.
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You are ready to buy a house and you have $50,000 for a down payment and closing costs. 'Closing costs are estimated to be 6 percent of the loan value. 'You have an annual salary of $72,000. 'The bank is willing to allow your monthly mortgage payment to be equal to 31 percent of your monthly incorne. The interest rate on the loan is 7.2 percent per year with monthly compounding (.6 percent per month) for a 15 -year fixed rate loan. 'How much can you offer for the house? a. $122.242
b. $204,385
c. $242,122
d. $232.465
You can offer $232,465 for the house. So, the correct option is d.
To calculate how much you can offer for the house, we need to consider your down payment, closing costs, and the maximum monthly mortgage payment based on your income and the loan terms. Here's how we can calculate it:
1. Calculate the loan value:
Loan value = Offered price - Down payment
Loan value = Offered price - $50,000
2. Calculate the closing costs:
Closing costs = Loan value * 6%
Closing costs = Loan value * 0.06
3. Calculate the maximum monthly mortgage payment:
Monthly income = Annual salary / 12
Maximum monthly mortgage payment = Monthly income * 31%
Maximum monthly mortgage payment = $72,000 / 12 * 0.31
4. Calculate the loan term in months:
Loan term = 15 years * 12 months/year
Loan term = 180 months
5. Calculate the monthly interest rate:
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
Monthly interest rate = (1 + 7.2%)^(1/12) - 1
6. Calculate the loan amount:
Loan amount = Maximum monthly mortgage payment * (1 - (1 + Monthly interest rate)^(-Loan term)) / Monthly interest rate
7. Calculate the offered price:
Offered price = Loan amount + Down payment + Closing costs
By calculating the values above, we can determine how much you can offer for the house.
Calculating all the values, we find that the correct answer is: d. $232,465
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If less than ________ percent of your job is enjoyable, there is a morale problem.
If less than 70%-80% percent of your job is enjoyable, there is a moral problem.
Job delight and morale play an important function in employee properly-being, productiveness, and ordinary organizational achievement. When a big part of the activity will become unenjoyable or dissatisfying, it could have poor effects on employee motivation, engagement, and morale.
This can result in decreased productivity, multiplied absenteeism, better turnover prices, and a widespread decline in the pleasantness of work. Employers need to take note of worker morale indicators along with process satisfaction surveys, comments, and open conversation channels to perceive and deal with any underlying problems that may be inflicting dissatisfaction.
Creating an effective work environment, providing opportunities for boom and development, spotting and rewarding achievements, and promoting work-existence stability are some of the techniques that can assist improve morale and create a more pleasing and exciting painting experience for personnel.
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Your cousin Stephanie argues that some examples of an organization’s internal publics include competitors, suppliers, and marketing agencies. Because you read chapter 3, you know that the following are more accurate examples of internal publics:
Group of answer choices
the general public that is directly affected by the company
governmental departments and agencies that regulate businesses
neighborhood residents and community organizations
newspapers, magazines, television stations, blogs, and other Internet media
the managers, board of directors, and workers of the company
Stephanie's examples are actually external publics. Internal publics refer to individuals/groups within the company such as managers, board of directors, and workers.
Your cousin Stephanie's examples of competitors, suppliers, and marketing agencies are not accurate examples of an organization's internal publics.
The more accurate examples of internal publics, as mentioned in chapter 3, are:
The managers, board of directors, and workers of the company: These individuals are directly associated with the organization and play a crucial role in its operations and decision-making processes. They are considered internal stakeholders who have a direct impact on the organization's functioning and success.
Internal publics typically refer to individuals or groups within the organization itself who have a stake in its activities and outcomes. This includes employees at various levels, from top management to entry-level workers, who contribute to the organization's operations and success.
Internal publics are distinct from external publics, which include entities such as the general public, government agencies, media outlets, and community organizations. While external publics can have an influence on the organization, internal publics are directly involved in its day-to-day operations and have a more immediate impact.
It is important to recognize and engage with internal publics effectively to foster employee engagement, productivity, and organizational cohesion. Communication and relationship-building with internal publics are key for creating a positive work environment and achieving organizational goals.
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What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
What was the civil rights organization made up of college and high school students that were known for their non-violent sit-ins, freedom rides, and desegregating lunch counters/restaurants?
The civil rights organization that you are referring to is the Student Nonviolent Coordinating Committee (SNCC).
What is Student Nonviolent Coordinating Committee (SNCC)?The Student Nonviolent Coordinating Committee (SNCC) was a civil rights organization in the United States that was active from 1960 to 1968. It was made up of college and high school students who worked to end racial segregation and discrimination through non-violent means, such as sit-ins, freedom rides, and desegregating lunch counters and restaurants. SNCC played a key role in the Civil Rights Movement, and was known for its grassroots organizing, voter registration campaigns, and its role in the Freedom Summer of 1964. It was one of the major organizations of the movement alongside the Southern Christian Leadership Conference (SCLC) and the Congress of Racial Equality (CORE).
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Macario is making 12 pounds of nut mixture with macadamia nuts and almonds. Macadamia nuts cost $9 per pound and almonds cost $5. 25 per pound. How many pounds of macadamia nuts and how many pounds of almonds should macario use for the mixture to cost $6. 50 per pound to make?
Macario should use 6 pounds of macadamia nuts and 6 pounds of almonds to make the mixture cost $6.50 per pound.
Let's assume Macario uses x pounds of macadamia nuts and y pounds of almonds. The total cost of the macadamia nuts would be 9x dollars, and the total cost of the almonds would be 5.25y dollars. Since the mixture should cost $6.50 per pound, the total cost of the mixture would be 6.50 * 12 = 78 dollars.
From the given information, we can set up the following system of equations: 9x + 5.25y = 78 (equation 1) and x + y = 12 (equation 2). To solve this system, we can multiply equation 2 by 9 to eliminate x: 9x + 9y = 108 (equation 3). Subtracting equation 1 from equation 3, we get 3.75y = 30. Solving for y, we find y = 8. Substituting this value back into equation 2, we find x = 4. Therefore, Macario should use 4 pounds of macadamia nuts and 8 pounds of almonds to make the mixture cost $6.50 per pound.
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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,900 8,800 5,100 Work in Process Beg Bal 4,000 22,100 6,100 8,400 8,200 Finished Goods Beg Bal 2,100 20,300 22,100 Manufacturing Overhead 2,700 8,200 3,400 3,100 Wages & Salaries Payable 20,300 Beg Bal 2,400 11,800 Cost of Goods Sold Beg Bal 20,300 The Cost of Goods Manufactured was:
The Cost of Goods Manufactured for Faaberg Corporation during the year was 64,500.
Faaberg Corporation had a busy year of manufacturing. To summarize the transactions, the company had a beginning balance of 4,900 in Raw Materials, 4,000 in Work in Process, and 2,100 in Finished Goods.
Throughout the year, the company had additional purchases of 8,800 for Raw Materials, 22,100 for Work in Process, and 8,200 for Finished Goods. Manufacturing Overhead totaled 2,700, Wages & Salaries Payable totaled 20,300, and Cost of Goods Sold totaled 20,300.
To calculate the Cost of Goods Manufactured, we need to add the beginning balances of Raw Materials, Work in Process, and Finished Goods, as well as the total purchases of each item. The resulting sum is the total cost of goods manufactured:
Raw Materials: 4,900 + 8,800 = 13,700
Work in Process: 4,000 + 22,100 + 6,100 + 8,400 = 40,500
Finished Goods: 2,100 + 8,200 = 10,300
Total Cost of Goods Manufactured: 13,700 + 40,500 + 10,300 = 64,500
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Given the following information, calculate the rate of increase in the price level (inflation rate) from 2013 to 2014.Real GDP2013: $9,5002014: $9,500Nominal GDP2013: $10,0002014: $12,000a) 0%b) 8%c) 10%d) 20%
The correct answer is d) 20%. The rate of increase in the price level (inflation rate) from 2013 to 2014 is 20%.
To calculate the rate of increase in the price level (inflation rate) from 2013 to 2014, we can use the GDP deflator formula:
Inflation Rate = [(Nominal GDP in 2014 - Nominal GDP in 2013) / Nominal GDP in 2013] x 100
Given the nominal GDP values:
Nominal GDP in 2013: $10,000
Nominal GDP in 2014: $12,000
Inflation Rate = [($12,000 - $10,000) / $10,000] x 100 = 20%
Therefore, the correct answer is d) 20%. The rate of increase in the price level (inflation rate) from 2013 to 2014 is 20%.
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What are the differences between flexibility and compromise
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
If the number of worker-hours in an economy is 500 and its labor productivity is $2 of output per worker-hour, the economy's real GDP
Multiple Choice
is $1,000.
is $50.
is $10,000.
cannot be calculated.
The economy's real GDP is $1,000 if the number of workers-hours in an economy is 500 and its labor productivity is $2of output per worker-hour.
What is the value of the economy's real GDP?Real GDP is calculated by multiplying the number of worker-hours in the economy by the labor productivity, which represents the output per worker-hour. In this case, with 500 worker-hours and a labor productivity of $2 per worker-hour, the calculation is 500 worker-hours multiplied by $2, resulting in a real GDP of $1,000.
Real GDP is a measure of the total value of goods and services produced in an economy, adjusted for inflation. It serves as an important indicator of economic growth and helps policymakers, economists, and analysts assess the overall health and performance of an economy. By considering both the quantity of worker-hours and the productivity of labor, real GDP provides valuable insights into the level of economic output achieved within a given period.
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rob purchased a standard whole life policy with a 500 000 death benefit when he was age 30. his insurane agent told him the policy would be paid if he reached age 100. the present cash value of the policy equals 250 000. rob recently died at age 60 the death benefit would be
The amount death benefit that the beneficiary of Rob would be receive is less or equals to the present cash value which is $250,000.
What is death benefit in Life assurance?In life insurance, the death benefit payable at death on a standard whole life policy equals the cash value (present cash value) of the sum assured, less operating expenses, tax etc.
Therefore, the amount death benefit that the beneficiary of Rob would be received is less or equals to the present cash value which is $250,000.
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Notes move in different directions. what refers to the movement of notes
Answer:
Melodic motion is the quality of movement of a melody, including nearness or farness of successive pitches or notes in a melody. This may be described as conjunct or disjunct, stepwise, skipwise or no movement, respectively.
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answer:
What????..............
Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
The Government of Country Y owns and controls many businesses. "The public sector always produces goods and services more efficiently than privately owned businesses', a Government minister recently said. Other ministers disagree and want to privatize many state-owned businesses. The private sector businesses in Country Y produce 55 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output.
Answer:
what do i have to answer?
Explanation:
which word best describes the writing process in business writing ?
Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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What does ceteris paribus mean?
Answer:
rat
Explanatio
congress can regulate interstate commerce under the commerce clause, was a ruling in which supreme court case?
The Court, in Wickard v. Filburn, that the Commerce Clause empowered Congress to regulate intrastate activities if this sort of activity, in aggregate, affects interstate commerce.
What is interstate commerce?One of the United States Constitution's enumerated powers is described in the Commerce Clause (Article I, Section 8, Clause 3). The United States Congress shall have the authority "to regulate Commerce with foreign Nations, and among the various States, and with the Indian Tribes," according to the clause. Each of these three areas of trade has often been discussed separately as a congressional power by courts and pundits. The names "Foreign Commerce Clause," "Interstate Commerce Clause," and "Indian Commerce Clause" are frequently used to refer to the different parts of the Commerce Clause. The scope of the powers given to Congress by the Commerce Clause is up for debate in the courts.
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An American system for corporate accountability does NOT include______.
A. Financial Reporting
B. Criminal Law
C. Marketing and Advertising
D. Corporate Management
An American system for corporate accountability includes various factors to ensure that companies operate ethically and transparently. However, out of the given options, the answer would be C. Marketing and Advertising.
The American system for corporate accountability is primarily based on legal and financial measures, aimed at ensuring that businesses operate within ethical and legal frameworks. Financial reporting is a crucial aspect of corporate accountability, as companies are required to disclose their financial activities to the public. This enables investors and stakeholders to monitor the company's financial health and ensure that it is operating within legal and ethical boundaries.Criminal law is also an essential part of the American system for corporate accountability. The government has laws that companies must follow, and failure to comply with these laws can result in criminal charges and penalties. This includes laws relating to fraud, embezzlement, insider trading, and other white-collar crimes.Corporate management is another aspect that is closely monitored in the American system for corporate accountability. Companies are expected to have effective management structures that promote ethical behavior, ensure compliance with laws and regulations, and act in the best interest of stakeholders.Marketing and advertising, on the other hand, do not fall under the primary aspects of corporate accountability in the American system. While there are regulations and laws governing advertising and marketing practices, these are primarily aimed at protecting consumers from deceptive and fraudulent advertising practices. The focus is on consumer protection rather than ensuring corporate accountability.
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what is one key element that encourages people to trade?
One key element that encourages people to trade is the potential for financial gain. Trading, whether it be in stocks, commodities, or other securities, provides the opportunity for individuals to buy low and sell high, resulting in a profit.
This potential for profit is often seen as an attractive opportunity to grow one's wealth. Additionally, trading can be seen as a way to diversify one's portfolio and manage risk.
By investing in a variety of assets, individuals can reduce their exposure to any single asset or market, thus mitigating the risk of losses.
The availability of information and resources has also made trading more accessible to individuals, as online trading platforms and educational resources have made it easier to research and execute trades. This has enabled a wider range of people to participate in trading and potentially benefit from the financial opportunities it provides.
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"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expenditures until revenues are received from tax collection, lottery funds, and other sources. School boards approve the note issuances, with repayments of principal and interest typically met within a few months. The goal is to fully cover all expenses until revenues are distributed from the state. However, revenues distributed fluctuate due to changes in collection expectations, and schools may not be able to cover their expenditures in the current period. This leads to a dilemma—whether or not to issue more short-term notes to cover the deficit. Short-term debt may be preferred over long-term debt when the entity does not want to devote resources to pay interest over an extended period of time. In many cases, the interest rate is lower than long-term debt, because the loan is considered less risky with the shorter payback period. This shorter payback period is
This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.
We can arrive at this answer because:
A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.These amortization expenses allow the cost of long-term assets to be represented in the payment.However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.
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an investment professional is assessing the life insurance needs of the robinson family. mr. robinson has determined that the family's immediate cash flow requirements in the event of his death are $65,000. the amount needed to meet all future funding requirements (net of mrs. robinson's income and social security and pension benefits) is estimated to be $550,000. the family owns a home in which their equity interest is $200,000. based upon these figures, the investment professional would recommend life insurance with a face amount of
$615,000; $65,000 + $550,000 = $650,000; and the home's $200,000 equity does not constitute a fully liquid asset to cover these costs though it could possibly be tapped with a home equity loan.
A life insurance policy is an agreement between a policy holder and a life insurance company. In return for premiums paid by the policyholder throughout their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more designated beneficiaries after the covered person passes away. There are several life insurance options to suit a wide range of requirements and tastes. The fundamental decision of whether to choose temporary or permanent life insurance is crucial to take into account, depending on the short- or long-term demands of the individual to be insured.
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Which situation best illustrates the effects of inflation?
A. A factory lowers its employees' wages to $8 per hour.
B. A restaurant owner sells her business for $200,000,
C. The cost of rice at a market rises by 20 percent over three years.
O
D. An entrepreneur receives a $10,000 loan from a bank.
Answer: C: The cost of rice at a market rises by 20 percent over three years.
Explanation:
inflation is a measure of the rate of rising prices of goods and services in an economy.
The cost of rice at a market rises by 20 percent over three years best illustrates the effects of inflation. The correct option is C.
What causes inflation?As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases. The result is a spike in inflation when it occurs across a wide range of industries and businesses.
Inflation refers to the general increase in prices of goods and services in an economy over time. Therefore, situation C best illustrates the effects of inflation, as the cost of rice at a market rises by 20 percent over three years. This means that the same amount of money will buy less rice over time, which is an example of the erosion of purchasing power due to inflation.
Therefore, option C, "The cost of rice at a market rises by 20 percent over three years," is the most accurate answer.
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Which of the following statements about forms of variable pay are true?
Group of answer choices :
a. A bonus is simply a one-time payment of a piecework rate.
b. Stock options are a category of job-sharing pay plans.
d. Profit-sharing plans are also called piece-rate plans.
e. Gain-sharing is a motivational plan based on group productivity.
f. Profit-sharing plans are based on the concept that intrinsic rewards are more motivating than extrinsic rewards.
Of the two statements provided, statement e is true, but statement f is false. Profit sharing is a form of group productivity-based variable compensation that rewards employees for their contribution to achieving specific goals set by management. This type of planning is commonly used in manufacturing and service industries where teamwork and collaboration are essential to achieve overall productivity goals.
Profit sharing plans, on the other hand, are not based on the notion that intrinsic rewards are more motivating than extrinsic rewards. A profit sharing plan aims to distribute a portion of the company's profits to employees with the aim of motivating them and encouraging them to contribute to the company's success. This type of plan is often used to reward employees for their hard work and dedication, and also helps instill ownership and pride in the company.
In summary, profit sharing is a motivational plan based on group productivity, but profit sharing planning is not based on the notion that intrinsic rewards are more motivating than extrinsic rewards. Both forms of variable compensation can motivate employees and improve productivity, but they are based on different principles and designed for different purposes. Employers should carefully consider their goals and objectives when choosing which form of variable compensation to introduce into their organization.
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Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
Ahmad recently was a victim of identity theft when someone opened multiple accounts in his name and bought numerous expensive items. what is one effect that he is most likely to have experienced due to this fraudulent act?
a. his credit score was raised higher than ever.
b. he had access to more credit cards.
c. he enjoyed getting to learn more about credit.
d. he lost out on job opportunities.
Answer:
D. he lost out on job opportunities.
Explanation:
Answer: d he lost job opportunities
Explanation:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part-time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
Does your credit score go up or down? Why?
Paying off a loan in full can have a positive impact on your credit score. When you take out a loan, it is viewed as debt, and your credit score is affected by your debt-to-income ratio. If you have too much debt, lenders may see you as a risk and be less likely to loan you money in the future.
However, paying off the loan in full demonstrates responsibility and the ability to manage your finances effectively, which can lead to an increase in your credit score. Additionally, making timely payments on your loan can also positively impact your credit score. Overall, paying off a loan in full and on time can have a positive impact on your credit score.
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The most common time frame individuals use when developing a budget is _____. A) Yearly B) Monthly C) Daily D) Weeklyeco
Answer:
Monthly
Explanation: