it's january st, and jillian is starting a new savings plan. her savings account charges a monthly fee for any month where she does not have an ending balance of or higher. at the beginning of each month, she deposits into her account. at the end of the year, her bank awards her an interest at the rate of , rounded to the nearest dollar, calculated on the ending balance. after three years, what is her ending balance after interest?
Answers
After three years, Jillian's ending balance after interest will be $34,019.84.
To calculate Jillian's ending balance after three years, we need to determine her balance at the end of each year and add the interest earned at the end of the third year.
At the beginning of the first year, Jillian deposits $X into her savings account. To avoid the monthly fee, her ending balance at the end of the month must be $100 or higher. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the first year, her balance will be:
Ending balance = X * 12 * 1.015
At the beginning of the second year, she again deposits $X into her account. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the second year, her balance will be:
Ending balance = (X * 12 * 1.015 + X) * 1.015
At the beginning of the third year, she deposits $X into her account. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the third year, her balance will be:
Ending balance = ((X * 12 * 1.015 + X) * 1.015 + X) * 1.015
Simplifying the above equation:
Ending balance = X * 1.015^36 + X * 12 * 1.015^24 + X * 12 * 1.015^12
Now, we can substitute the given values of X and the interest rate of 1.5% into the equation to find the ending balance:
Ending balance = 1000 * 1.015^36 + 1000 * 12 * 1.015^24 + 1000 * 12 * 1.015^12
Ending balance = $34,019.84
So after three years, Jillian's ending balance after interest will be $34,019.84.
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Related Questions
Question 8
It's is almost impossible to buy a house these days without a sizeable down
payment.
True.
False
Answers
Answer:
True
Explanation: You need to pay at least 20% down.
ddr memory is faster than gddr memory since it is used by the cpu.T/F
Answers
The statement "DDR memory is faster than GDDR memory since it is used by the CPU" is false. The main answer to the question is: FExplanation:DDR (Double Data Rate) memory and GDDR (Graphics Double Data Rate) memory are both types of RAM (Random Access Memory) used in computers,
but they have different functions and are optimized for different purposes. DDR memory is used by the CPU (Central Processing Unit) for general computing tasks, such as running applications and operating systems, while GDDR memory is used by the GPU (Graphics Processing Unit) for graphics-intensive tasks, such as gaming and video rendering.
In terms of speed, GDDR memory is generally faster than DDR memory because it has a higher memory bandwidth. Memory bandwidth is the amount of data that can be transferred between the memory and the processor in a given amount of time, and GDDR memory has a wider memory bus and more memory channels than DDR memory, allowing for faster data transfer rates. However, GDDR memory is not used by the CPU, and DDR memory is not optimized for graphics-intensive tasks.
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Click or tap Quizmo, the InQuizitive alien, in the upper left-hand corner. See what happens, and complete the following sentence. Clicking or tapping Quizmo takes you to the "Take a ________" screen.
Answers
Answer:
test
Explanation:
The given quiz has displayed the picture of a African tiger. The test requires to identify the animal with the given picture. The African tiger are slightly different from the other tigers. They have unique facial cuts and their constant anger is known for their nature.
Which types of postsecondary education are examples of traditional academic education? Check all that apply.
associate degree
apprenticeship
bachelor’s degree
technical school degree
Answer: 1,3
Answers
An apprenticeship studies under a master of a trade.
A technical school degree is training in a field specific to what you want to get a job in, like air conditioning repair.
Answer:
associate degree and bachelor’s degree is the answer
Explanation:
just did it trust me :)
in perfect competition, the marginal revenue (mr) of an individual firm:_____.
Answers
In perfect competition, the marginal revenue (MR) of an individual firm is equal to the market price.
In a perfectly competitive market, an individual firm is a price taker and has no influence over the market price. As a result, the firm's marginal revenue (MR) is equal to the market price.
The concept of marginal revenue refers to the change in total revenue that occurs when one additional unit of output is produced and sold. In a perfectly competitive market, the firm can sell as many units of the product as it wants at the prevailing market price. Since each unit is sold at the same price, the additional revenue gained from selling one more unit is equal to the market price.
Therefore, in perfect competition, the individual firm's marginal revenue (MR) curve is a horizontal line at the market price. This implies that the firm should produce and sell more units as long as the marginal cost (MC) is less than or equal to the market price, as doing so would increase its profit. However, if the marginal cost exceeds the market price, producing additional units would result in diminishing profit or losses.
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domestic saving must equal domestic investment in a. neither closed nor open economies. b. closed, but not open economies. c. open, but not closed economies. d. both closed and open economies.
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Option B. Domestic saving must equal domestic investment in a closed, but not open economies.
What is meant by domestic savings?The calculation of gross domestic savings is GDP less final consumption expenditure (total consumption). long explanation The calculation of gross domestic savings is GDP less final consumption expenditure (total consumption).
The GDP minus final consumption spending is known as gross domestic savings. It is quantified as a share of GDP.
Gross savings, which replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before to 2006, represent the difference between disposable income and consumption. The modification was done to comply with SNA terminology and principles.
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After 7 years of working for a company that installed underground sprinkler systems for homeowners, terrance was ready to venture into his own business. As he prepared his swot analysis, he evaluated where he stood at this time. He was fortunate to have $120,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as.
Answers
In reviewing his SWOT analysis, Terrance, who was ready to venture into his own business after working for 7 years as an underground sprinkler installer, has two strengths and one threat.
What is a SWOT analysis?A SWOT analysis is a framework for analyzing a company's competitive position to enable the development of competitive strategies.
A SWOT analysis includes Strengths, Weaknesses, Opportunities, and Threats.
Thus, for Terrance, he has two strengths ($120,000 financing and three skilled installers who were willing and interested in working for him) and one threat (low construction activities) with increasing foreclosures.
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Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answers
Answer: A
Explanation:
Answer:
NO
Explanation:
a decrease in the price of a good will, all other things unchanged, result in: an increase in demand. an increase in supply. an increase in the quantity demanded. more being supplied.
Answers
The correct answer is option a "an increase in the quantity demanded." When the price of a good decreases, it becomes more affordable for consumers. This leads to an increase in the quantity demanded.
It is important to note that this is different from an increase in demand. Demand refers to the entire relationship between price and quantity demanded, whereas quantity demanded refers to a specific quantity of a good that consumers are willing and able to purchase at a given price.
In this scenario, all other factors, such as income, tastes, and preferences, remain unchanged. Only the price of the good is changing. This means that the decrease in price causes movement along the demand curve, resulting in an increase in the quantity demanded.
For example, if the price of a smartphone decreases, more consumers will be willing and able to buy it at the lower price, leading to an increase in the quantity demanded.
In summary, a decrease in the price of a good, with all other things unchanged, results in an increase in the quantity demanded.
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the economic gap between developing and industrialized countries may best be narrowed by
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The economic gap between developing and industrialized countries may best be narrowed by implementing strategies that focus on education, infrastructure development, and promoting inclusive economic growth.
To effectively narrow the economic gap between developing and industrialized countries, several key strategies can be pursued. Firstly, investing in education is crucial as it equips individuals with the knowledge and skills necessary to participate in the global economy.
By prioritizing education, developing countries can enhance their human capital and foster innovation and productivity.
Secondly, infrastructure development plays a vital role in economic growth and reducing the gap. Improving transportation networks, energy systems, and communication infrastructure enables more efficient trade and business activities. It attracts investments, enhances productivity, and creates employment opportunities, contributing to economic development.
Lastly, promoting inclusive economic growth is essential. This involves creating an enabling environment that supports entrepreneurship, small and medium-sized enterprises, and equitable access to resources and opportunities. It also entails reducing income inequality, ensuring fair trade practices, and addressing social and economic disparities.
By implementing these strategies, developing countries can enhance their competitiveness, attract investments, and foster sustainable economic development, ultimately narrowing the economic gap with industrialized nations. Additionally, international cooperation, aid, and partnerships can further support these efforts.
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answers
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
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Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise: a. A suitable location in a large shopping mall can be rented for 3,500 per month. b. Remodeling and necessary equipment would cost 270,000 . The equipment would have a 15 -year life and an 18,000 salvage value. Straight-line depreciation would be used, and the salvage value would be considered in computing depreciation. c. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total 300,000 per year. Ingredients would cost 20% of sales. d. Operating costs would include 70,000 per year for salaries, 3,500 per year for insurance, and 27,000 per year for utilities. In addition, Mr. Swanson would have to pay a commiss2.14ion to The Yogurt Place, Inc., of 12.5% of sales.Required:(Ignore income taxes.)
(c) Compute the payback period on the outlet. If Mr. Swanson wants a payback of four years or less, will he acquire the franchise?
Answers
The payback period on the outlet is if Mr. Swanson wants a payback of four years or less then he will acquire the franchise for 3.2 years.
What do you mean by the term “simple rate of return”?The incremental net income anticipated from a potential investment opportunity, divided by the investment made in it, is the simple rate of return. To decide whether a corporation should invest in a fixed asset and any incremental change in working capital linked with the asset, the simple rate of return is employed in capital budgeting analysis. The project offers a straightforward rate of return of 8% (measured as $8,000 incremental net income / $100,000 investment), for instance, if a company can earn an incremental increase in its net income of $8,000 in exchange for a $100,000 initial investment.
Calculation:
Variable expenses:
Cost of ingredients (20% × $430,000) = $86,000
Commissions (14.0% × $430,000) = $60,200
Selling and administrative expenses:
Rent ($4,000 × 12) = $48,000
Depreciation:
$348,000 – $17,400 = $330,600
$330,600 ÷ 20 years = $16,530 per year.
2a . The formula for the simple rate of return is:
Simple rate of return =
Annual incremental net operating income upon Initial investment =
$91,470 upon $348,000 = 26.3%
2b Yes, the franchise would be acquired because it promises a rate of return in excess of 19%.
3a. The formula for the payback period is:
Payback period =
Initial investment upon Annual net cash inflow =
$40,000 upon $108,000*
= 3.2 years
*Net operating income + Depreciation = Annual net cash inflow
$91,470 + $16,530 = $108,000
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list the four factors of production
Answers
Answer:
Land, Labour,Capital and Entrepreneur
Explanation:
Land is a natural resource which can be used to create goods or service
Labour is the workdone by the peoplw in the workforce
Capital is the man-made goods that are used in the production of goods
Entrepreneurs are people who take risks in search of profit
four of the programs implemented by central banks to alleviate the effects of the financial crises were
Answers
To alleviate the effects of the financial crises were Asset purchases or guarantees, expansion of retail deposit insurance, debt guarantees, capital injections into the banking system.
A financial crisis is one of the many situations in which some financial assets suddenly start to lose a large portion of their face value.
In the early 19th and early 20th centuries, many financial crises were associated with the bank panics, and then many recessions coincided with those panics.
Other situations often referred to as the financial crises include the stock market crashes and other financial bubble bursts, currency crises, and the national bankruptcies.
Financial crises lead directly to the loss of paper's value, but they don't necessarily lead to major changes in the real economy (e.g., the famous 17th-century Tulip-His-Mania His Post-Bubble Crisis).
Many economists have the theories about how the financial crises can occur and how they can be prevented. However, no consensus has been reached and financial crises continue to occur from time to time.
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Five high school friends all happen to be females born in 2003. Assuming that the survival of each one is independent of the others, what is the probability that at least one of them lives to be 100 years old?.
Answers
It is possible for at least one of five high school friends born in 2003 to live to be 100 years old.
Assuming that the survival of each one is independent of the others, the probability of this occurring can be calculated using the binomial probability formula.
The probability of one of the friends living to be 100 years old is equal to 1 minus the probability of all of them failing to reach the age of 100. This probability can be calculated by multiplying the probability of each friend failing to reach 100 (1-p) five times.
For example, if the probability of each friend living to 100 is 0.8, then the probability of at least one of the friends living to be 100 is equal to 1 - (0.2 * 0.2 * 0.2 * 0.2 * 0.2) = 0.99.
In conclusion, the probability of at least one of the five high school friends born in 2003 living to be 100 years old is dependent on the probability of each individual friend reaching that age, and can be calculated using the binomial probability formula.
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A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. brainly
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When a nation allows its currency to be valued based on supply and demand, it is known as a floating exchange rate.
When a country has a floating exchange rate, the foreign exchange market determines the value of its currency based on supply and demand in relation to other currencies. This contrasts with a fixed exchange rate when the rate is fully or primarily decided by the government.
Since governments and central banks often endeavor to make their currency price beneficial for international commerce, a floating exchange rate does not indicate that countries do not try to interfere and control the price of their currency. Following the collapse of the gold standard and the Bretton Woods pact, floating exchange rates gained popularity.
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Which sentences identify the advertising objectives of a business?
An ice cream business ran into trouble when news of a possible contamination reached its consumers. After a consumer uproar over negligence, the company decided to restore its credibility with the help of public relations. It released statements to the media about its strict regulated processes and also refuted rumors of contamination. It decided to target a market between ages five and fifteen to help position the product as child friendly and establish it as safe to consume. The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals. However they did not reduce prices, as reducing prices would be met with suspicion. Frequency of the advertised commercial was increased in order to increase recall among consumers. This proved effective, as within a few months there was no further drop in sales and sales slowly started gaining momentum
Answers
The sentences that identify the advertising objectives of the business are: - The company decided to target a market between ages five and fifteen to help position the product as child-friendly and establish it as safe to consume.
- The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals.
- Frequency of the advertised commercial was increased in order to increase recall among consumers.
These sentences show that the advertising objectives of the business were to establish the product as safe for children, gain credibility and boost sales, and increase consumer recall through increased advertising frequency.
Here's another set of sentences that identify advertising objectives:
A new car company wants to launch its first electric vehicle in the market and wants to create awareness about the brand and the product. The company decides to launch a print and online advertising campaign targeting eco-conscious consumers who are interested in technology and innovation.
A fashion brand wants to launch its new line of clothing for young adults. The objective of the advertising campaign is to create awareness about the brand and the new line, generate buzz on social media platforms, and drive traffic to the brand's website and physical stores. The company decides to use influencer marketing and social media advertising to reach its target audience.
A fast food chain wants to promote a new menu item and increase sales. The objective of the advertising campaign is to create awareness about the new item and persuade customers to try it out. The company decides to use TV commercials, billboards, and social media advertising to reach a large audience and promote the product's unique features and benefits. The company also offers discounts and promotions to incentivize customers to try the new item.
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What is the formula to calculate your weekly or biweekly income?
Answers
Answer:
dividing Explanation: Divide your annual salary by 52
What is one issue a business can wncounter if its keeps an asset beyond its useful life
Answers
Answer:
One issue a business can encounter if its keeps an asset beyond its useful life is the eventual impairment of the business production as a result of the use of a defective equipment or asset, that is, not suitable for economic production because it has already fulfilled its utility cycle.
Thus, for example, if a company continues to use old or obsolete machinery, it runs the risk that said machinery will cause damage or a decrease in the quality of the products.
WHAT DO YOU MEAN BY MARKET DEVELOPMENT ? EXPLAIN.
Answers
Answer:
market development is a strategic step taken by a company to develop the existing market rather than looking for new market .The company looks for a new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
a company has designed a new product and tested the prototype. what is the next step in product development?
Answers
Answer:
They have to test it before it can be put out on the market
Please help with 2.2, 2.3 and 2.4
Answers
Where the above information is given, the total money spent by Donald on Monday is R141,30, The total cash received from sales is R135,00, The profit he made from selling fruit is -R6,30, which is a loss; and The value of his closing stock is R56,00.
What is the rationale for the above response?1) To calculate the total money spent by Donald on Monday, we need to add up the cost of the apples, oranges, and bananas:
Cost of 3 packets of apples = 3 x R17,10 = R51,30
Cost of 3 packets of oranges = 3 x R18,00 = R54,00
Cost of 3 bunches of bananas = 3 x R12 = R36,00
Total money spent = R51,30 + R54,00 + R36,00 = R141,30
2) To calculate the total cash received from sales, we need to add up the revenue generated from selling the apples, oranges, and bananas:
Revenue from selling apples = (3 x 12 - 8) x R2,50 = R66,00
Revenue from selling oranges = (3 x 10 - 12) x R3,00 = R24,00
Revenue from selling bananas = R45,00
Total cash received = R66,00 + R24,00 + R45,00 = R135,00
3) To calculate the profit (Loss) Donald made from selling fruit, we need to subtract the total money spent from the total cash received:
Profit = Total cash received - Total money spent
Profit = R135,00 - R141,30
Profit = -R6,30
Since the profit is negative, Donald did not make a profit from selling fruit.
4) To calculate the value of Donald's closing stock, we need to multiply the number of unsold apples and oranges by their respective selling prices:
Value of unsold apples = 8 x R2,50 = R20,00
Value of unsold oranges = 12 x R3,00 = R36,00
Total value of closing stock = R20,00 + R36,00 + R0,00 = R56,00
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The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:
Answers
This action is a violation of Cost Principle or Historical Cost Concept.
What is Historical Cost Concept?The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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Provide 5 examples where do you think WaterFall methodology
could work?
Answers
Waterfall methodology can work in stable, regulated, and defined projects.
In what scenarios would the Waterfall methodology be suitable?The Waterfall methodology is a linear and sequential approach to project management where each phase follows the previous one in a cascading manner. It can be effective in situations where the requirements are well-defined and unlikely to change significantly throughout the project. Industries with strict regulations, such as healthcare or aerospace, often benefit from the Waterfall approach due to the need for rigorous documentation and validation processes.
Similarly, small projects with clearly defined scopes, limited budgets, and tight schedules can benefit from the predictability of the Waterfall model. Additionally, projects that require comprehensive documentation, such as government contracts or long-term infrastructure development, may find the Waterfall methodology suitable. Finally, in projects where the customer's involvement is limited, such as those with external stakeholders who have minimal input or feedback, the Waterfall approach can be appropriate.
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What degree of risk is necessary to classify an activity as ultrahazardous?
A. No risk is needed
B. Moderate degree
C. High degree
D. Low degree
Answers
what degree of risk is necessaryto classify anactivity as ultrahazardous?
C is the answer
With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.
Answers
The companies should use the standardized forms because it is the most effective and guarantee quality selection.
Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.
The various method of selecting qualified applicant include:
Preliminary screeningPhone interviewsFace-to-face meetings etcThe standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.
Therefore, Option A. is correct.
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Unscramble the vocabulary word from Chapter 12: pexnesse
Answers
Answer:
expenses
Explanation:
A scrambled word is a word that has been rearranged or jumbled, so its letters are not in the correct order. The purpose of unscrambling a word is to rearrange the letters back into their correct order to form a meaningful word. The scrambled word "pexnesse" can be unscrambled to form the word "expenses."
Expenses refer to the costs or expenditures incurred in the process of conducting business, managing personal finances, or carrying out various activities.
Expenses can include a wide range of items, such as bills, purchases, salaries, rent, utilities, taxes, and any other monetary outflows required to sustain operations or maintain a certain lifestyle.
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if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of
Answers
The interest earned after two years $70.28177.
This is the foremost basic variety of account you'll be able to open at any bank. A savings account, by definition, permits you to deposit your cash, safe with the bank, thus you do not have to be compelled to carry it around with you or hide it in this rusty recent steel safe reception. don't fret, you'll be able to withdraw these funds after you want them.
The interest rate is that the quantity a loaner charges a receiver and could be a share of the principal—the quantity loaned. The charge per unit on a loan is usually noted on an annual basis referred to as the annual share rate (APR).
The question is incomplete, find the complete question here
if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of the interest earned after two years?
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3 Do you think the conflict of interests between these different stakeholder groups could ever be resolved? Explain your answer. [10]
Answers
Answer:
t is possible to resolve conflicts of interest between groups of stakeholders using some techniques and strategies that seek to integrate stakeholders and promote agreements that benefit everyone.
Explanation:
Managing conflicts is not a simple task, so it requires substantial efforts by the entire administration to develop the best strategies for resolving conflicts. It is essential that there is an understanding of the reasons that led to the conflicts and the search for solutions that benefit the greatest possible number of stakeholders.
In a conflict situation, communication is an essential tool in the resolution, it is necessary to know how to listen to all parties and be transparent about the search for an agreement that benefits everyone. It is necessary to integrate the teams and make each one feel heard and understood with regard to conflict and claims. The search for solutions must be the main objective when resolving a conflict, when managed effectively, it is possible to eliminate the reason for the conflicts and even make the teams more motivated at work.
Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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