The member firm must get in touch with the client and provide the details required to decide if the client should keep the fee-based account.
A commission is a fee that a broker or investment adviser charges in exchange for processing a client's purchases and sells of securities or offering financial advice.
The suitability of Non-Managed Fee Based Accounts (NMFBA) for each customer must be evaluated yearly. The customer must be notified and provided the information essential to decide whether or not he or she wants to keep this type of account if the evaluation shows that an NMFBA is more expensive.
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Identify the examples of good internal control designed to protect over-the-counter cash receipts. (Check all that apply.)
A. The clerk and the cashier have access to cash, but not to the accounting records.
B. The cash register should hold a temporary record of the transaction.
C. The clerk who has access to cash in the register should have access to its locked-in record.
D. Clerks should be required to give the customer a receipt for each sale.
Answer:
A- A. The clerk and the cashier have access to cash, but not to the accounting records
The examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
What is internal control?Internal controls are defined as the procedures and records that assure the accuracy of financial and accounting data and help to avoid fraud.
It is a meant to provide reasonable assurance: that the information is trustworthy, accurate, and timely In terms of adhering to applicable rules, regulations, contracts, policies, and processes.
There are three types of internal controls.
Preventive controlCorrective controlDetective controlThe major objective of internal controls is
Effective business management.Asset protectionFinancial record completeness and accuracyFinancial statements must be prepared on timeThus. the examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
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What is the first step in financial planning?
OA. Analyzing the current situation
B. Identifying goals
C. Coming up with strategies for meeting goals
D.
Assess the advantages and disadvantages of different strategies
Answer:
A. analyze the current situation!
There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where ₁ measures the number of episodes watched of Show 1 and 2 measures the number of episodes watched of Show 2, Jeff's preferences can be represented by u(x1, x2) = x² + ax². Jeff has 9 hours available for watching Netflix today. Each episode of Show 1 lasts hours, while each episode of Show 2 lasts 1 hour. Draw an indifference curve for Jeff, then answer the following questions. If rounding is needed, please round to 3 decimal places. a) When a = 2, Jeff optimally watches_____ episodes of Show 1..... (fill in the blank) b) ... and he watches episodes of Show 2. (fill in the blank) c) When a = 6, Jeff optimally watches episodes of Show 1..... (fill in the blank) d) ... and he watches episodes of Show 2. (fill in the blank)
Jeff optimally watches 3 episodes of Show 1 when a = 2 and 1.5 episodes of Show 1 when a = 6.
A utility function represents an individual's preferences by transforming two-dimensional product space into one-dimensional space known as utility space. It is possible to plot indifference curves for different levels of satisfaction using a utility function.
In this problem, Jeff's preferences can be represented by the utility function u(x1, x2) = x² + ax². We are to draw an indifference curve for Jeff, then answer the following questions.
Let's assume that each episode of Show 1 lasts x hours, while each episode of Show 2 lasts 1 hour.
This translates to x₁x + x₂ ≤ 9.
The optimal bundle, x₁* and x₂*, is the combination of x₁ and x₂ that maximizes Jeff's utility function while still adhering to his budget constraint.
The optimization problem is:
Maximize u(x₁, x₂) = x₁² + ax₂², subject to x₁x + x₂ ≤ 9.
a) When a = 2, Jeff optimally watches _3_ episodes of Show 1.
At the optimal bundle, the marginal rate of substitution (MRS) between the two shows equals the ratio of their marginal utilities.
The MRS is given by
MRS = MU₁/MU₂
= 2x₁/x₂.
The budget constraint is
x₁x + x₂ = 9.
Therefore, the optimal bundle of the two shows that Jeff should consume can be obtained by using the Lagrangian formula.
The Lagrangian formula is
L = x₁² + 2x₂² + λ(9 - x₁x₂),
where λ is the Lagrange multiplier.
Solving for the first-order conditions yields the optimal consumption bundle of
x₁ = 3, x₂ = 3.
b) He watches 6 episodes of Show 2.
c) When a = 6, Jeff optimally watches 1.5 episodes of Show 1.
At the optimal bundle, the marginal rate of substitution (MRS) between the two shows equals the ratio of their marginal utilities.
The MRS is given by
MRS = MU₁/MU₂
= 6x₁/x₂.
The budget constraint is x₁x + x₂ = 9.
Therefore, the optimal bundle of the two shows that Jeff should consume can be obtained by using the Lagrangian formula.
The Lagrangian formula is
L = x₁² + 6x₂² + λ(9 - x₁x₂),
where λ is the Lagrange multiplier.
Solving for the first-order conditions yields the optimal consumption bundle of x₁ = 1.5, x₂ = 6.
d) He watches 6 episodes of Show 2.
When a = 2, Jeff watches 6 episodes of Show 2, and when a = 6, Jeff watches 6 episodes of Show 2.
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what are the pros and cons of going through economic transition from a centrally planned to a mixed economy
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
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Which of the following marketing fundamentals applies solely to the hospitality and tourism industry? A.interdependence of organizations B.sequential steps in marketing C.key role of marketing research D.continuous nature of marketing
Answer:
key role of marketing research
Answer:
interdependence of organizations
Explanation:
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
a bank's required reserves are: multiple choice a financial asset for the fed. a financial liability for the bank. counted as money. a financial liability for the fed.
A bank's required reserves are a financial liability for the bank. A bank's required reserves refer to the amount of money that the bank must keep in reserve, either in its own vaults or in an account at the Federal Reserve Bank.
These reserves are the bank's last line of defense against bank runs or other types of financial instability. Banks use their reserves to cover withdrawals by depositors, as well as to meet other obligations that may arise.
A bank's required reserves are a liability for the bank because they represent funds that the bank cannot use for other purposes. These reserves are mandated by the Federal Reserve, and failing to meet the reserve requirement can result in penalties for the bank.
In addition, the bank must pay interest on reserves held at the Federal Reserve Bank, which further reduces the bank's profits.
Reserves are not counted as money because they are not available for use by the bank or its customers. Instead, they are held in reserve to ensure that the bank is able to meet its obligations and maintain its solvency.
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Which of the following securities is least attractive for a pension fund? Corporate bonds Municipal bonds US Government bonds Growth stocks
The least attractive securities for a pension fund is growth stocks. (Option D)
The least attractive security for a pension fund depends on various factors, including the fund's investment objectives, risk tolerance, and time horizon. However, considering typical characteristics of pension funds, growth stocks are generally considered the least attractive option.
Pension funds usually have a long-term investment horizon and aim to generate stable income to meet future obligations. Growth stocks are known for their potential high returns but also carry higher volatility and risk compared to other options listed. The volatility associated with growth stocks may not align well with the long-term stability and income generation goals of a pension fund.
On the other hand, corporate bonds (Option A), municipal bonds (Option B), and US Government bonds (Option C) are often favored by pension funds due to their relative stability and income-generating potential. These bonds typically offer fixed interest payments and are considered safer investments compared to growth stocks.
Ultimately, the least attractive security for a pension fund will depend on the specific circumstances and objectives of the fund, so it is important to conduct a comprehensive analysis and consider all relevant factors before making investment decisions.
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Whose life is covered on a life insurance policy that contains a payor benefit clause?
A. Parent
B. Beneficiary
C. Child
D. Spouse
The life insurance policy that contains a payor benefit clause is designed to protect the child in case the parent or payor of the policy dies or becomes disabled. Therefore, the answer is A, Parent.
In this type of policy, the premium payments are typically made by the parent or payor, but if the payor dies or becomes disabled before the policyholder (the child) reaches a certain age, the insurer will waive the premiums for the remainder of the policy term. This ensures that the child will continue to be covered by the policy, even if the payor is no longer able to make the payments.
It is important to note that the payor benefit clause only applies to the premium payments and does not affect the death benefit, which is still paid out to the beneficiary (typically the child) upon the death of the policyholder.
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In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
Janelle spends three hours each day working as an online customer service representative for an online retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Janelle participates in a popular work strategy known as ______________.
Answer:
Home-based work
Explanation:
Home-based work is when people perform their job at their house using the internet and phone instead of going to an office. According to this, the answer is that Janelle participates in a popular work strategy known as home-based work because Jannelle works as an online customer service representative from home.
Stocks and Their Valuation Robert has the following information available: . Pan Asia Mining Co's stock (Ticket: PAMC) is trading at $15.00. The company's stock is expected to pay a year-end dividend of $0.72 that is expected to grow at a certain rate. The stock's expected rate of return is 7.20%. . Based on the information just given, what will be Robert's forécast of PAMC's growth rate? О 7.15% 0 1.99% О 3.60% 2.40% Which of the following statements accurately describes the relationship between earnings and dividends when all other factors are held constant? All else being equal, growth in dividends requires growth in earnings. O Retaining a higher percentage of earnings will result in a lower growth rate O. Long-run earnings growth will decrease when firms retain earnings and reinvest them in the business.
Robert's forecast of PAMC's growth rate will be 3.60%.
The expected dividend payment is $0.72. We want to know the growth rate. Since the formula for Gordon Model is: Price = D / (r - g), we can solve for g to find the growth rate. The formula can be manipulated as follows:
Price = D / (r - g)
D / Price = r - g g = r - D / Price
g = 7.2% - 0.72 / $15.00g = 3.60%Therefore, Robert's forecast of PAMC's growth rate will be 3.60%
.Now, talking about the relationship between earnings and dividends when all other factors are held constant. The statement which accurately describes it is "All else being equal, growth in dividends requires growth in earnings."The earnings of the company is an important factor in determining the dividend payout. A company that has high earnings or profits will likely increase its dividend payout over time. The reason is that dividends are a portion of a company's profits that are distributed to shareholders. So, as the company's profits increase, the dividend payout will also increase.
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give three uses of personal budget
Answer:
1) To insure income is sufficient to pay debts
2) To insure the ability to save
3) To be prepared for emergencies
Explanation:
Contrast how a depositor's account is classified by a bank compared to how it is classified by the account owner by completing the following sentence. A depositor's account is a(n) (liability/asset/expense) on the bank's records, but it is a(n) (liability/asset/expense) on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank (debits/credits) the account owner's account.
Answer:
A depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
Explanation:
A liability is a debt that a person or company owes to another party, usually in the form of money. Therefore, a depositor's account shows the amount the banking is owing the depositor. This makes it a liability.
An asset is any resource that a business or economic entity owns or controls, such as money. Therefore, a depositor's account shows the amount a depositor has in the bank or the amount the bank is owing him. This therefore makes it an asset.
According to accounting principle, all assets must be debited while liabilities must credited. Since a deposit a liability to the bank, the bank credits the owner's account every time the account owner makes a deposit.
Therefore, a depositor's account is a liability on the bank's records, but it is an asset on the books of the account owner. Because of this, every time the account owner makes a deposit, the bank credits the owner's account.
Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued
The answer option which is not an example of an expense account is: E. Accrued.
What is an expense account?An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.
In Business management, some examples of an expense account include the following:
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Which set of items appears on a loan estimate? Inspection contingency, legal property description, interest rate Interest rate, estimated monthly payment, estimated cash to close Credit score, inspection contingency, prepayment penalty Recommended repairs, estimated cash to close, private sewer and well disclosure
Answer:
Interest rate, estimated monthly payment, estimated cash to close
Explanation:
A loan estimate is a document that your lender/bank gives to you after you have applied for a loan (business, personal or mortgage). It must contain relevant information regarding the loan: interest charged by the bank, length of the loan, estimated monthly payment, estimated closing costs, insurance costs, applicable taxes, etc.
The lender must give you the loan estimate in 3 business days maximum, but it doesn't mean that it has approved or rejected your loan.
(whoops sorry this one's actually maths)
Marie goes to the clothing store. Her purchases equal $89.25. The sales tax is 8%. How much tax does she pay?
A $7.14
B $7.86
C $71.40
D $78.60
Answer:
she pays $ 7.14 tax ...
Explanation:
tax = tax rate × purchase cost
= 8% × $89.25
= $ 7.14
Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer
Answer: yes
Converting each to pounds it equals 13.3 pounds
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a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?
Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?
A. Fireworks displays usually take place in a public area.
B. Fireworks are a scarce resource.
C. Nonpayers cannot be prevented from seeing the fireworks.
D. Each consumer pays a fee to see the fireworks.
Answer:
C. Nonpayers cannot be prevented from seeing the fireworks.
Nonpayers cannot be prevented from seeing the fireworks explains why a city fireworks display on the Fourth of July is provided as a public good. Thus, option C is correct.
A good or service that is made available to all members of society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.
Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.
It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.
Therefore, option C is the ideal selection.
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a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock.
b. On May 21, Elegant Lawns purchases office supplies on credit for $500.
c. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.
For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts.
1) The analysis of transactions for Elegant Lawns using the accounting equation is as follows:
Transaction and Date Assets = Liabilities + Equity
a. May 15: $7,000
$3,000 $10,000
b. May 21: $500 $500
c. May 25: $4,000 $4,000
d. May 30: $1,000 $1,000
Totals $15,500 $1,500 $14,000
What is the accounting equation?The accounting equation states that with each business transaction, the Assets = Liabilities + Equity.
2) The journal entries for the transactions are as follows:
a. May 15: Debit Cash $7,000
Debit Equipment $3,000
Credit Common Stock $10,000
b. May 21: Debit Office Supplies $500
Credit Accounts Payable $500
c. May 25: Debit Cash $4,000
Credit Service Revenue $4,000
d. May 30: Debit Cash $1,000
Credit Deferred Revenue $1,000
3) The T-accounts to represent ledger accounts are as follows:
Cash AccountDate Account Titles Debit Credit
a. May 15 Common Stock $7,000
c. May 25 Service Revenue $4,000
d. May 30 Deferred Revenue $1,000
Equipment AccountDate Account Titles Debit Credit
a. May 15 Common Stock $3,000
Office SuppliesDate Account Titles Debit Credit
b. May 21 Accounts Payable $500
Service RevenueDate Account Titles Debit Credit
c. May 25 Cash $4,000
Deferred RevenueDate Account Titles Debit Credit
d. May 30: Cash $1,000
Accounts PayableDate Account Titles Debit Credit
b. May 21: Office Supplies $500
Common StockDate Account Titles Debit Credit
a. May 15 Cash $7,000
a. May 15 Equipment $3,000
Transaction Analysis:a. May 15: Cash $7,000 Equipment $3,000 Common Stock $10,000
b. May 21: Office Supplies $500 Accounts Payable $500
c. May 25: Cash $4,000 Service Revenue $4,000
d. May 30: Cash $1,000 Deferred Revenue $1,000
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in the breakthrough energy catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
In the breakthrough energy catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into Sustainable Aviation Fuel product. the correct answer is A.
The catalytic process, which requires the insertion of a catalyst, speeds up chemical reactions. Catalysts are not used up during the reaction or after it. When the reaction is rapid and the catalyst recycles quickly, very little amounts of catalyst are frequently sufficient; the reaction's speed is influenced by a number of factors, including temperature, surface area, and mixing.
Investments are being made to develop technology to transform biological inputs, including urban garbage, into Sustainable Aviation Fuel
Typically, catalysts engage in reactions with one or more reactants to create intermediates, which subsequently result in the final product of the reaction, renewing the catalyst in the process. Catalysis can be categorized as homogeneous or heterogeneous depending on whether or not its constituent parts are dispersed in the same phase as the reactant.
Your question is incomplete but most probably the full question was
In the Breakthrough Energy Catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
A. Sustainable Aviation Fuel
B. Green Hydrogen
C. Direct Air Capture
D. Long-duration Energy Storage
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the aside element can be formatted differently from the rest of the article so that it stands out.
a.true
b.false
The correct option is a) true. In HTML, the `
Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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mercury electric, a leading manufacturer of kitchen appliances, releases a new line of blenders called spinpro. to boost sales, mercury electric gives scratch-and-win coupons to all buyers and provides a three-day trip to hawaii for the winner. which element of the promotion mix has mercury electric used in this scenario?
The element of the promotion mix has mercury electric used in this scenario is Sales promotion.
What do you mean by Manufacturer?A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to make more complicated products.
The term "promotion mix" describes the combination of various promotional tactics used by the company to generate, sustain, and grow demand for goods and services. The combination of advertising, direct marketing, personal selling, sales promotion, and public relations is known as the promotion mix. To have a well-balanced mix of these promotional techniques, marketers must consider the following issues.
Therefore, Sales promotion is the element of the promotion mix has mercury electric used in this scenario.
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In manufacturing plants, engineers are responsible for
assembling products so they can be sold
designing the machinery that makes products
maintaining the machinery to keep it functioning properly
supervising the assembly line employees
Answer:
Explanation:
Manufacturing Engineers focus on the design and operation of integrated systems for the production of high-quality, economically competitive products. These systems may include computer networks, robots, machine tools, and materials-handling equipment.
Answer:
B. designing the machinery that makes products
Explanation:
Plant engineers oversee the electrical mechanical systems of a manufacturing plant, from installation to troubleshooting. They are called upon to improve the plant’s efficiency, upgrade to new technologies, repair equipment, increase production, and reduce manufacturing issues including bottlenecks. They conduct routine tests, evaluate plant machinery, and fix problems promptly. They must review operational plans to ensure the machinery and processes meet compliance regulations.
Plant engineers review project plans and interpret developments throughout the process, giving advice and guidance for necessary changes. They must ensure the facility complies with relevant regulations and conduct regular checkups to verify the machinery and operations are safe. They also develop operational plans for projects including renovation or construction or maintenance and machine installation. Plant engineers need a minimum bachelor's degree in mechanical, electrical, or industrial engineering.
What responsibilities are common for Plant Engineer jobs?
Assist in the development and implementation of the annual capital budget.
Communicate consistently with the project manager, client and contractor.
Compile plant data to generate reports in compliance with state and federal regulations for reporting
Coordinate plant treatment process control testing and proper calibration of online analytical equipment.
Perform independent research to optimize performance of water treatment, wastewater treatment processes.
Lead construction administration duties such as documenting activities and providing oversight.
Stay informed concerning new manufacturing technologies and equipment in order to manufacture and reduce cost through efficiencies.
Ensure vendors/subcontractors are manufacturing products according to product specifications.
Attend staff meetings, in-services and other campus activities as needed.
Maintain and develop plant drawings, standards and procedures as appropriate.
Manage, develop, trains, coaches, and evaluate direct reports.
Ensure that plant systems are maintained through the administration of a preventive maintenance system.
Maintain of tools and equipment to promotes safety and proper work habits by staff.
Serve as project or task manager for large scale projects with minimal support.
Prepare and revises chemical, material, and service contract specifications, reviews bids, recommends awarding of contracts, and acts as project manager representative of contracts.
Supervise and Direct plant engineers, civil engineers, first line supervisors, engineering assistants various plant staff and interns assigned to the facility.
Keep current with industry metering and measuring equipment. evaluate the need for new equipment to maintain plant proficiency and requisitions materials, tools, chemicals and equipment as required by the task for the plant.
Recommend allocation of budgeted funds and requests approval for major expenditures, authorizes petty cash outlays and payment requests upon approval, and initiates field purchase orders.
Assist with preparing the annual fiscal budget reports and various financial monthly and annual reports. participate in the long-range planning, organization and direction of activities relating to the operation and improvements to the plants and collection facilities/distribution facilities to maximize performance while minimizing cost and environmental impact.
What are the typical qualifications for Plant Engineer jobs?
Bachelor's Degree or Graduate's Degree in an engineering discipline.
Advanced proficiency with AutoCAD and other CAD programs.
Demonstrated meticulous attention to detail and problem-solving abilities.
Confident in leadership capabilities.
Comfortable with Microsoft Office Suite.
Basic understanding of Six Sigma male principles.
what is engineering?
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
The scientific methodSocial, cultural and economic awareness MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.what is quality management
Which of the 4 P's focuses on communicating the value proposition?
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
If you want to target specific people in a country or city, what segmentation you will
use?
You would use Regions