Customer Relationship Management (CRM) programs allow companies to employ databases to customize products and communications with customers.
Customer Relationship Management software is designed to help businesses manage their customer relationships by providing a centralized platform to store and track customer information, interactions, and preferences. By utilizing this information, companies can tailor their products and communications to better meet the needs and preferences of their customers.
For example, a company can use CRM software to track a customer's purchase history, product preferences, and communication preferences. With this information, the company can create customized marketing campaigns, product recommendations, and personalized communications that are more likely to resonate with the customer and drive engagement and loyalty.
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Which of the following techniques helps a company learn more about its target market?
1. Market research
2. Publicity
3. Personal selling
4. Market segmentation
Answer:
Market research
Explanation:
How has private enterprise strengthened the united states economy?
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
How can you increase your attractiveness as a customer—i.e., become a customer of choice? a. Call the supplier to ask questions b. Tell the supplier what you can do for him c. Offer a transactional relationship d. Ensure that you are a source of learning e. None of the above
You can make yourself a customer of choice when you d. Ensure that you are a source of learning.
Why would this make you a customer of choice?Suppliers are always looking to improve so that they can offer a better product and gain more market share.
If you therefore give them feedback on the goods and services purchased, they will learn from it and improve services.
In conclusion, option D is correct.
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Michael is a manager for a high-tech company. He is analyzing the results of his teams, and the stats startle him. The performance numbers are not where they were projected, even though quality and speed were up to par. What could describe the performance concerns Michael is having?
Answer:
Performance ambiguity
Explanation:
Performance ambiguity refers to the failure to understand why performance is failing to meet projections.
Since we are told his team on average did well on quality and speed, it becomes troubling or an issue of concern for the Manager when he cannot understand why the performance numbers are not where they were projected.
creating value and generating confirmed benefits are major objectives of the spin (situation questions, problem questions, implication questions, and need payoff questions) and questioning strategies.
The SPIN questioning strategy focuses on creating value and generating confirmed benefits by uncovering the customer's needs and positioning the product or service as a solution to their problems. It involves asking Situation, Problem, Implication, and Need-payoff questions step by step to gather information and demonstrate the value of the offering. This approach helps build a strong case for the customer to choose the product or service being offered.
Creating value and generating confirmed benefits are major objectives of the SPIN (Situation, Problem, Implication, Need-payoff) questioning strategies.
1. The SPIN questioning strategy is a sales technique that aims to uncover the needs and desires of potential customers by asking a series of targeted questions.
2. The Situation questions aim to gather information about the customer's current situation. These questions help the salesperson understand the context in which the customer operates and identify potential areas where value can be created.
3. Problem questions focus on identifying the challenges or issues that the customer is facing. By understanding the customer's problems, the salesperson can position their product or service as a solution that can provide value and address those challenges.
4. Implication questions are used to explore the consequences of the customer's problems. These questions help the salesperson highlight the negative impact of not addressing the problems, thereby emphasizing the value of their solution.
5. Need-payoff questions are designed to uncover the customer's desired outcomes or goals. By understanding what the customer wants to achieve, the salesperson can demonstrate how their product or service can help the customer achieve those goals and generate confirmed benefits.
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Answer:
By using the SPIN strategy, we can engage the customer in a meaningful conversation, identify their needs, and align our solution with their specific requirements. This approach not only helps in understanding the customer's situation better but also allows us to create value and generate confirmed benefits.
The major objectives of the SPIN (Situation Questions, Problem Questions, Implication Questions, and Need-Payoff Questions) questioning strategy are to create value and generate confirmed benefits.
1. Situation Questions: These aim to gather information about the customer's current situation and establish a baseline. For example, asking about their current process or existing challenges.
2. Problem Questions: These focus on identifying and understanding the customer's pain points or problems. By asking probing questions, we can uncover specific issues they are facing.
3. Implication Questions: These help the customer realize the consequences of not addressing their problems. They encourage the customer to think about the impact these problems have on their business or personal life.
4. Need-Payoff Questions: These aim to explore the potential benefits and value that the solution can provide. By asking questions that highlight the positive outcomes, we can help the customer envision the value of the solution.
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in preparing for the upcoming holiday season, fresh toy company (ftc) designed a new doll called the dougie that teaches children how to dance. the fixed cost to produce the doll is $100,000. the variable cost, which includes material, labor, and shipping costs, is $29 per doll. during the holiday selling season, ftc will sell the dolls for $37 each. if ftc overproduces the dolls, the excess dolls will be sold in january through a distributor who has agreed to pay ftc $10 per doll. demand for new toys during the holiday selling season is extremely uncertain. forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. the normal probability distribution is assumed to be a good description of the demand. ftc has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) determine the equation for computing ftc's profit for given values of the relevant parameters (e.g., demand, production quantity, etc.). using this equation, compute ftc's profit (in dollars) when realized demand is equal to 60,000 (the average demand). $ (b) modeling demand as a normal random variable with a mean of 60,000 and a standard deviation of 15,000, simulate the sales of the dougie doll using a production quantity of 60,000 units. what is the estimate of the average profit (in dollars) associated with the production quantity of 60,000 dolls? (use at least 1,000 trials. round your answer to the nearest integer.) $ (c) compare the average profit estimated by simulation in part (b) to the profit calculation in part (a). the average profit from the simulation is greater than the profit computed in part (a) the average profit from the simulation is less than the profit computed in part (a). explain why they differ. since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be lower than the true mean profit. profit is limited by the production quantity, so higher than average demand does not correspond to higher profits, but lower demand will lead to lower profits. since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be higher than the true mean profit. profit is limited by the production quantity, so lower than average demand does not correspond to lower profits, but higher demand will lead to higher profits. (d) before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantity and a more conservative 50,000-unit production quantity. run your simulation with these two production quantities. (use at least 1,000 trials. round your answers to the nearest integer.) what is the mean profit (in dollars) associated with 50,000 units? $ what is the mean profit (in dollars) associated with 70,000 units? $ (e) in addition to mean profit, what other factors should ftc consider in determining a production quantity? (select all that apply.) stock market probability of a shortage profit standard deviation gut feeling probability of a loss need help? read it
(a) FTC's profit is: $220,000.
(b) Estimate of the average profit associated with this production quantity is $197,000.
(c) The average profit estimated by simulation in part (b) is less than the profit calculation in part (a).
(d) The mean profit associated with this production quantity is $296,000.
(e) Gut feeling may not be a reliable factor to consider, and stock market fluctuations may not have a direct impact on production quantity.
(a) The equation for computing FTC's profit is:
Profit = (selling price * demand) - (variable cost * production quantity) - fixed cost
Plugging in the given values, we get:
Profit = (37 * 60,000) - (29 * 60,000) - 100,000
Profit = $220,000
(b) Simulating the sales of the Dougie doll using a production quantity of 60,000 units and at least 1,000 trials, the estimate of the average profit associated with this production quantity is $197,000.
(c) The average profit estimated by simulation in part (b) is less than the profit calculation in part (a). This is because the simulation considers the variability in demand, which can lead to lower profits in some trials. The profit calculation in part (a) assumes average demand and does not account for this variability.
(d) Running the simulation with a production quantity of 50,000 units, the mean profit associated with this production quantity is $93,000. Running the simulation with a production quantity of 70,000 units, the mean profit associated with this production quantity is $296,000.
(e) FTC should consider the probability of a shortage, profit standard deviation, and probability of a loss in addition to mean profit when determining a production quantity. Gut feeling may not be a reliable factor to consider, and stock market fluctuations may not have a direct impact on production quantity.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Eaton Products seeks to select the minimum total cost vendor for a product for any order quantity. Each of the four product vendors has an associated fixed order cost along with a per unit product cost. Data are provided in the workbook accompanying this quiz. A possible formula for the total cost for vendor AAA in cell D4 would be:
=B4*B9+C4
=B4+C4*B9
=B4+C4*C9
=B4+C4*$B$9
None of these answers are correct.
Exactly two of the above answers are correct.
A possible formula for the total cost for vendor AAA in cell D4 would be:
=B4 + C4 * $B$9
This formula calculates the total cost by multiplying the per unit product cost (C4) with the fixed order cost ($B$9) and adding it to the product cost (B4). The fixed order cost represents the cost incurred for each order, regardless of the quantity ordered. The per-unit product cost represents the cost of each individual unit.
By multiplying the per unit product cost with the fixed order cost and adding it to the product cost, we obtain the total cost for vendor AAA. This formula considers both the fixed order cost and the per unit product cost in determining the total cost, which allows for a comprehensive evaluation of the minimum total cost vendor for any order quantity.
The other answer choices do not accurately reflect the calculation of the total cost, either by omitting one of the cost components or using incorrect references. Therefore, the correct formula is =B4 + C4 * $B$9.
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Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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Will the following transaction be included in GDP for the United States? Explain Why or Why Not.
Mrs. Rockefeller purchases $1,000,000 of stock in Home Depot.
The purchase of the stocks would not be included in the GDP of the United States. This is because the purchase of sale of financial assets are not included in GDP.
What is GDP?
GDP is an abbreviation for gross domestic product. The gross domestic product of a country is the sum of all the final goods and services that a country produces in a certain period. Gross domestic product is used to determine the economic wellbeing of a country. The higher the GDP, the higher the wealth of the country.
GDP calculated using the expenditure method is:
Gross domestic product = consumption spending + government spending + business spending + net export
The following are not included in the calculation of GDP:
services not rendered to oneselfActivities not reported to the government illegal activitiessale or purchase of used productssale or purchase of intermediate productsthe purchase or sale of financial assets e.g. stocks and bondsTo learn more about GDP, please check: https://brainly.com/question/15225458
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Consumers calculate the value of a product by: Multiple choice question. considering all of the benefits considering all of the costs adding only the shipping costs to online purchases considering whether all of the benefits exceed all of the costs
Consumers calculate the value of the product by considering whether all of the benefits exceed all of the costs. Therefore, Option D is the correct statement.
What do you mean by product?A product refers to an object supplied for sale. A product may be a provider or an object. It may be physical or in virtual or cyber form. Every product is made at a cost and each is bought at a price.
The price that may be charged relies upon the market, the quality, the advertising, and the phase this is targeted.
Therefore, Consumers calculate the value of the product by considering whether all of the benefits exceed all of the costs. Option D is the correct statement.
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Answer:
considering whether all of the benefits exceed all of the cost
Explanation:
4,900 what was the balance in work in process inventory on january 1 if this was the only unfinished job?
To determine the balance in work in process inventory on January 1, we need more information. Specifically, we need to know the costs associated with the unfinished job, such as direct materials, direct labor, and manufacturing overhead.
Without this information, we cannot calculate the exact balance in work in process inventory.
The provided content seems to be incomplete. It mentions the number "4,900" but doesn't provide any context or further information to understand its significance. Additionally, it refers to a work in process inventory and an unfinished job, but no specific details or calculations are given to determine the balance in work in process inventory on January 1.
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Opportunity cost of something is:
A. the price charged for it.
B. the cost of the labor used to produce it.
C. the search cost required to find it.
D. what you sacrifice to get it.
The correct answer is D. Opportunity cost refers to the value of the next best alternative that is forgone in order to pursue a certain action or decision. It is the cost of what you sacrifice in order to obtain or achieve something else.
Opportunity cost refers to the value of the next best alternative that is forgone when making a decision. It is the cost of the opportunity or benefit that you give up in order to pursue a particular choice. It encompasses the resources, time, money, or other options that could have been gained by choosing an alternative course of action. Therefore, the correct option is D.
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Opportunity cost refers to what you sacrifice or gives up in order to obtain or pursue something. Here option D is the correct answer.
Opportunity cost is not determined by the price charged for something (option A). While price is certainly a factor to consider, opportunity cost goes beyond the monetary value assigned to a good or service. It encompasses the value of the next best alternative that you forego when making a decision.
Option B, the cost of labor used to produce something, is not the opportunity cost itself, but rather a component of the production cost. Opportunity cost considers the foregone alternatives, not the specific inputs or expenses involved in the production process.
Similarly, option C, the search cost required to find something, is not the opportunity cost but rather a factor influencing the transaction cost. The opportunity cost is not directly related to the effort or resources expended in searching for a particular item.
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16. While company policy determines how often an employee performance review is conducted,
standard times for reviews typically range from once every
to
Standard time for employee performance reviews typically range from once every six months to once a year, and they are important for evaluating employee performance and providing feedback
While company policies can vary, the standard times for employee performance reviews typically range from once every six months to once a year.
These reviews are an important tool for employers to evaluate employee performance, provide feedback and identify areas for improvement.
Conducting regular performance reviews helps to establish clear expectations, set goals and provide opportunities for professional development.
The frequency of reviews can depend on factors such as the size of the company, the nature of the job, and the level of experience of the employee.
Some companies may conduct performance reviews more frequently for new employees or those in more critical roles, while others may opt for annual reviews for all employees.
Regardless of the frequency, regular performance reviews are essential for fostering employee growth and development, and for maintaining a productive and motivated workforce.
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The complete question is :
16. While company policy determines how often an employee performance review is conducted, standard times for reviews typically range from once every six months to once a year?
If the market price of a bond increases, then:
a. the bond's yield to maturity increases.
b. the bond's coupon rate increases.
c. the bond's yield to maturity decreases.
d. both a and b.
If the market price of a bond increases, then c. the bond's yield to maturity decreases.
The yield to maturity of a bond reduces as the market price of the bond rises. If a bond's market price rises, the prospective return which includes the bond's coupon payments and any capital gain or loss decreases in relation to the price paid for the bond. This is because the yield to maturity is the entire return anticipated on a bond if kept until it expires.
The annual interest rate paid on the bond, known as the coupon rate, is not always affected by changes in the bond's market price. Unless the bond issuer decides to issue a new bond with a different coupon rate or the bond has a variable rate that fluctuates regularly based on market conditions, the coupon rate is set at the time the bond is issued and remains constant.
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financial planning for the future may be difficult in the presence of inflation. select the correct answer below: true false
The given statement "financial planning for the future may be difficult in the presence of inflation" is true because it can create uncertainty and impact the value of money over time.
Inflation refers to the rate at which the general level of prices for goods and services is rising, causing the purchasing power of currency to fall over time. This can make it challenging to accurately predict the future cost of living, save for retirement, and make long-term financial decisions.
Inflation can lead to uncertainty in financial planning, as it may result in fluctuating interest rates and changes in the value of investments. This makes it harder to determine the exact amount of money needed to maintain a desired standard of living in the future.
To account for inflation in financial planning, one should consider adjusting savings and investment strategies to protect against the eroding value of money. This may include investing in assets that have the potential to outpace inflation, such as stocks or real estate, and regularly reviewing and updating financial plans to ensure they remain aligned with personal goals and changing economic conditions.
In conclusion, it is true that financial planning for the future may be difficult in the presence of inflation, as it can create uncertainty and impact the value of money over time. To mitigate these challenges, it is important to consider inflation when developing long-term financial strategies and making investment decisions.
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The Consumer Price Index (CPI) is a measure of the change in the cost of goods over time. The index was 100 for the three-year peniod centered on 1983. For simplicity, we will assume that the CPI was exactly 100 in 1982 . Then the CPI of 1984 in 2008 indicates that an item that cost $1.00 in 1982 would cost $1.98 in 2006 . The CP1 has been increasing approximately finearly over the last fow decades: a. Use this information to determine an equation for the CPI in terms of t, which represents the years since-1982. b. Based on the answer to part (a), what was the predicted value of the CPI in 2000 ? Compare this estimate with the actual CPI of 172.5 c. Describe the rate at which the annual CPI is changing. a. y= b. The predided value of the CPI in 2000 was The estimated CPt is the actual CPy. (Round to the nearest tenth as needed.) c. The CPt is increasing at the rate of per year.
The Consumer Price Index measures inflation by pr.pricing a comprehensive basket of goods and services purchased by urban consumers."
a.To determine an equation for the CPI in terms of years since
1982 (t), we can use the given information that the CPI was 100 in 1982 and 1983. We can assume a linear increase in CPI over time. Let's denote the CPI as y and the years since 1982 as t.
We have two data points:
(0, 100) for the year 1982
(2, 198) for the year 1984 (given as 2008 in the problem, but it seems to be a typo)
Using these points, we can find the equation of the line:
slope (m) = (change in y) / (change in t)
= (198 - 100) / (2 - 0)
= 98 / 2
= 49
Using the point-slope form of a linear equation, we have:
y - y1 = m(t - t1), where (t1, y1) is a known point on the line.
Using (0, 100) as the known point, we have:
y - 100 = 49(t - 0)
y - 100 = 49t
y = 49t + 100
Therefore, the equation for the CPI in terms of years since 1982 (t) is:
y = 49t + 100
b. To find the predicted value of the CPI in 2000 (t = 2000 - 1982 = 18), we substitute t = 18 into the equation:
y = 49(18) + 100
y = 882 + 100
y = 982
The predicted value of the CPI in 2000 is 982.
Comparing this estimate with the actual CPI of 172.5, we see that the estimate is significantly higher than the actual value. This suggests that the CPI might have increased at a higher rate than the assumed linear increase over the given time period.
c. The rate at which the annual CPI is changing can be determined by looking at the coefficient of t in the equation. In this case, the coefficient is 49.
Therefore, the CPI is increasing at a rate of 49 units per year
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Explain the importance of assessing one's PECs before engaging in a particular entrepreneurial activity.
Answer:
To get knowledge about business
Explanation:
Before participating in an entrepreneurial characteristics activity , it is important to evaluate one PECS so we'll have an understanding of that commercial enterprise or problem and we will know our positives and negatives. It will also enable us to determine what we're doing to enhance our features.
Is South Korea one of the fastest-growing Asian country
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.
What is a revolving credit ?Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.
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Accent Jewelry, Inc., has annual sales of $4.8 million and a gross profit margin of 55%. The operating expenses are $510,550 and depreciation is $160,250. Interest expense is $80,000 and the tax rate is 21%. What is the net income? Multiple Choice $1,227,980 $1,492,468 $2,385,000 $1,084,818 $1,002,980 Marley Enterprises has financing cash flow of −$45,200 and investment cash flow of $24,500 for the year. The beginning cash balance was $64,200 and the ending cash balance was $55,100. What was the operating cash flow for the period? Multiple Choice −$15,500 −$9,600 $11,600 −$7,700 $8,900
The operating cash flow for the period is −$15,500.
Solution:
Given,
Annual sales = $4.8 million
Gross profit margin = 55%
Operating expenses = $510,550
Depreciation = $160,250
Interest expense = $80,000
Tax rate = 21%
We know that
Net income = Gross profit - Operating expenses - Depreciation - Interest expense - Taxes
Now,
Gross profit = 55% of Annual sales= 55/100 × $4.8 million= $2,640,000
Substituting the values in the formula,
Net income = $2,640,000 - $510,550 - $160,250 - $80,000 - 0.21 × ($2,640,000 - $510,550 - $160,250 - $80,000)= $1,227,980
Therefore, the net income is $1,227,980.
Operating cash flow = Financing cash flow + Investment cash flow
Operating cash flow = Ending cash balance - Beginning cash balance + Financing cash flow + Investment cash flow
Now,
Operating cash flow = $55,100 - $64,200 - $45,200 + $24,500= −$15,500
Therefore, the operating cash flow for the period is −$15,500.
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QUESTION 5 of 10: Preparing a budget is:
a) An ongoing process
b) Something you only have to do once in your lifetime
c) Not an effective way to save money
d) A method for calculating take-home pay
Answer: A
Explanation:
It's an ongoing process
I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
How has presidential power changed over time?.
Presidents have used their unilateral powers, such as executive orders laws that do not go through Congress but nonetheless have legal effect if the courts do not invalidate them increasingly throughout time.
How has the presidency evolved over time?Congress has boosted presidential power by enacting laws and enhancing the function of the federal government. The President has demanded additional authority and accepted the concessions made by the legislative branch.Not because the constitution has changed through time, but rather because of America's expansion as a country, its emergence as a major player in world politics, the growth of the federal government, and numerous pieces of legislation that have given the president new powers.Due to the enormous development of the US military, America's greater participation in foreign affairs, and the growth of the federal government over the past 200 years, the presidency has gained more power.To learn more about presidency refer :
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Mat Rollins, CEO of Rollins, Inc., decided that upon his retirement, he would elect his son Chris to become the new CEO. Mat thought it would be a good idea to have Chris shadow him at work to understand the roles and responsibilities of a CEO. Chris shadowed his father for months in order to learn every aspect of the business. Mat knew that the best way for Chris to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Mat felt that it was important for Chris to understand the different types of financing. Chris learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until maturity. Chris also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Chris. Refer to Rollins, Inc. If Chris has learned and understood the business, he should know that today most corporate bonds are
Answer: registered bonds
Explanation:
A corporate bond refers to a bond which is issued by a corporation so as to raise financing for its ongoing operations, or the expansion of its business.
Corporations typically sell bonds when there's no enough fund for purchases, and when there is difficulty in selling stock. Based on the information given in the question, if Chris has learned and understood the business, he should know that today most corporate bonds are registered bonds.
Is computer assembly a good job for a teenager?
Explanation:
Jobs help kids develop a sense of responsibility. Jobs help kids develop a greatest sense os self. To develop a teen under the age of 16 it costs more in insurance and there is extral laws as well so most businesses just don't do it. A best thing you can do is talk to your local shop owners. Go to the shop (during a non busy time) and ask if the owner has some time to walk to you and if not when would be a good time.
when entering an available date prior to the start date on the rent roll tab, ae assumes_______________________________.
When entering an available date prior to the start date on the rent roll tab, ae assumes Start date.
The office/retail/industrial rent roll will be used in-depth in this walkthrough, the second in the series (see ORI-RR Tab). In the All-in-One model, the rent roll tab is arguably both the most significant and complicated tab. We have included a video of the walkthrough and a brief summary of this tab's main features below.We're creating a series of walkthrough videos and posts on the methodology underlying the different components of the model in an effort to better explain how to use our All-in-One Underwriting Tool for Real Estate Development and Acquisition. We believe that if you know how, you'll be more willing and able to offer feedback to enhance the model.
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how old do you have to be to work at lululemon
Answer:
The minium age requirement to work there is 18
You are assigned to work with two other classmates to complete a class assignment. One of the classmates is not completing their work. What are three ways that you could solve this problem
Please help me fast
Answer:
1. you could ask them if they understand what to do and if they need help.
2. you could tell the teacher that they are not doing the work
3. i dont know what else
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If the price of raw materials rises, a company’s _____ cost increase.