Small and Medium Enterprises (SMEs) play a crucial role in any economy. They possess distinct characteristics such as limited size, local focus, flexibility, innovation, and entrepreneurial spirit.
SMEs add value to the economy through job creation, economic growth, innovation, and fostering regional development. They contribute to employment opportunities, provide diverse products and services, encourage competition, and enhance overall economic resilience.
Small and Medium Enterprises (SMEs) are an important component of any economy due to their unique characteristics and the value they add. Firstly, SMEs are typically characterized by their limited size, which allows them to be more agile, adaptable, and responsive to market changes. They often have a local focus, serving specific communities or regions, thereby contributing to the development of local economies.
SMEs also exhibit a strong entrepreneurial spirit, fostering innovation and creativity. They are often at the forefront of technological advancements and can quickly adapt to emerging trends, leading to the introduction of new products and services in the market. This innovation contributes to overall economic growth and competitiveness.
In terms of economic value, SMEs contribute to economic growth by generating revenue and increasing the Gross Domestic Product (GDP). They contribute to tax revenues, which can be utilized for public services and infrastructure development. Additionally, SMEs foster regional development by promoting business activities in underserved areas, reducing regional disparities, and improving living standards.
Lastly, SMEs contribute to the overall resilience and stability of the economy. Their diverse range of industries and business models distribute risk, making the economy less vulnerable to shocks and economic downturns. This diversification helps in maintaining economic stability and sustaining long-term growth.
In summary, SMEs possess distinct characteristics such as limited size, local focus, flexibility, innovation, and an entrepreneurial spirit. They add value to the economy through job creation, economic growth, innovation, regional development, and fostering competition. SMEs play a vital role in shaping the economic landscape and contributing to the overall well-being of society.
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describe the four types of resources that managers manage.
Managers manage four types of resources: human resources, financial resources, physical resources, and information resources.
Managers manage four types of resources:
1. Human resources: Managers are responsible for managing the human resources of an organization, including hiring, training, motivating, and evaluating employees. They must ensure that the organization has the necessary skills, knowledge, and expertise to achieve its goals, and that employees are working effectively and efficiently.
2. Financial resources: Managers are also responsible for managing the financial resources of an organization, including budgeting, financial planning, and financial reporting. They must ensure that the organization has the necessary funds to achieve its goals, and that financial resources are allocated appropriately and used effectively.
3. Physical resources: Managers are responsible for managing the physical resources of an organization, including facilities, equipment, and materials. They must ensure that the organization has the necessary physical resources to achieve its goals, and that these resources are maintained, upgraded, and used efficiently.
4. Information resources: Managers are responsible for managing the information resources of an organization, including data, information systems, and knowledge. They must ensure that the organization has the necessary information resources to make informed decisions, and that these resources are used effectively and efficiently to achieve the organization's goals.
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what is yall favorite song minez is mood swings by pop smoke
Answer:
cool
Explanation:
Answer:
Its Welcome to the party by pop smoke and i like Ppcocaine
RIP :(
Explanation:
Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answer:
quaternary, because it involves research
Explanation:
Question #4
Multiple Choice
Values are principles that typically guide or influence an individual's decision-making process. Two
areas of life most often affected or influenced by values include
emotions and reactions
decisions and responses
physical health and feelings
attitudes and behaviors
The two spheres of life that are most frequently impacted or altered by values are attitudes and behaviors. The correct response is option (4).
Define attitudes and behaviors.An individual's attitude is defined as their mental perspective, or how they feel or think about someone or something. Behavior describes the actions, motions, conduct, or behaviors of an individual or a group toward other individuals. built upon. Experience and observation.
When people put more focus on their own attitudes and feelings, they tend to act more in line with those feelings, therefore there is a link between attitude and behavior. Additionally, when people feel greater responsibility for their individual actions rather than the actions of a collective, their opinions are more consistent with their behavior.
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horizontal analysis looks at the way accounts change over (1 time)
Horizontal analysis, also known as trend analysis, is a financial analysis technique that examines the changes in accounts or financial statement items over a period of time.
It compares the financial data from multiple periods, typically consecutive years, to identify trends, patterns, and changes in performance. By analyzing the percentage or absolute changes in key financial figures such as revenue, expenses, and net income, horizontal analysis provides insights into the growth or decline of a company's financial position and performance over time. It helps stakeholders assess the company's financial stability, identify areas of strength or weakness, and make informed decisions based on the observed trends and changes in accounts.
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The batch size is tripled on a resource that has a setup time. What is the likely impact on the resource’s capacity?.
When the batch size is tripled on a resource that has a setup time, the likely impact on the resource's capacity is an increase in the capacity utilization rate and a decrease in the capacity of the resource.
A batch size is the quantity of a particular item or product that is processed or produced in a single batch. It is a production technique that involves the manufacturing of a specific number of products at once. Batch processing has a number of advantages, including reduced setup time and greater quality control.On the other hand, capacity refers to the maximum number of products or services that a business can produce in a specific period of time. It is generally expressed in terms of units produced per hour, day, or month.
If a resource is capable of producing 100 units per hour, its capacity is 100 units per hour. In a resource that has a setup time, the batch size is an essential factor in determining the resource's capacity. The setup time is the amount of time required to set up a resource for a new batch of production. When the batch size is tripled on a resource that has a setup time, the capacity utilization rate increases, while the resource's capacity decreases. A higher utilization rate means that the resource is producing more output with less idle time, but it also means that the resource is closer to its maximum capacity.
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Why would a company choose to work through intermediaries when selling products in a foreign country?
Answer:
It is a way of reducing the risk and cost of operating in a foreign country. They will avoid hassles involved in international distribution and would not need to develop distribution networks.
Explanation:
Companies often use local intermediaries when they want to sell products and run operations in a foreign country.
A major reason for this is to avoid the cost of developing distribution channel from scratch. The intermediaries already have the distribution network so it is an easier option.
Also local intermediaries have the know-how to operate in the foreign country. This includes knowledge on how to access resources cheaply, sourcing for low cost labour, and navigating the political environment.
Costs such as tariffs and custom duties paid dusting international distribution are also avoided by using local intermediaries.
When writing a business plan, it
is important to think about the competition. Think of a
product or service you use often. What are the advantages it
has over competing products?
arris company borrowed $800,000 from liber bank on january 1, 2013 in order to expand its mining capabilities. the five-year note required annual payments of $208,349 and carried an annual interest rate of 8.5%. what is the amount of expense harris must recognize on its 2014 income statement?
To determine the amount of expense that arris must disclose on its 2014 income statement, you must compute the interest expense for the year.
The outstanding principal balance of the loan multiplied by the interest rate yields the interest expense. The outstanding principal balance of the loan as of January 1, 2014, must first be determined. This can be done by taking the $800,000 principal loan amount and subtracting the annual instalments made in 2013. The remaining principal debt at the start of 2014 was $800,000 less $208,349, or $591,651. The annual salary was $208,349 dollars.
To calculate the interest expense for 2014, multiply the outstanding principle balance by the annual interest rate. The decimal representation of the annual interest rate is 8.5%. Thus, the interest outlay for 2014 is $591,651 × 0.085 = $50,599. This is the expense that Harris must disclose in its 2014 income statement.
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a tax that takes a higher percentage of income as income rises is:
According to the question the tax that takes a higher percentage of income as income rises is called a Progressive tax.
The progressive tax is a tax that takes a greater percentage of income from high-income earners than it does from low-income earners. It is typically utilized by governments to fund public services like education, healthcare, and public transportation. Progressive taxes are a way for governments to make the tax system fairer for everyone, by making sure that the people who have the most money pay the most taxes. The idea behind a progressive tax is that people who earn more should pay a higher percentage of their income in taxes than people who earn less.The progressive tax system is often used in developed countries to fund social welfare programs and other public services. In general, the progressive tax system is seen as fairer than a flat tax or regressive tax because it requires people who earn more to pay a greater share of their income in taxes.
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Task 2: Savings, Investments, and Risk Management for a Middle-Aged Professional
Talk to a 40-year-old business professional with a family that includes a spouse and children.
This person can be a family member, friend, or mentor. List and describe the savings,
investments and risk management strategies for this phase of life. Describe how financial
planning has changed from the earlier phase of life.
Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.
What are the investments and strategies?A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.
Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.
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when should you send an email?
A. when you have sent previous emails with no response.
B. When the subject addresses something that is very time-sensitive
C. When you do not want a written record of the conversation
D. When the subject addresses something meant to occur in the future, or impact the future.
Answer:
D. is the most likely.
A., sending emails repeatedly to someone who isnt responding is useless
b. sensitive subjects are best to talk about in person so that are no communication errors
c. You can just talk with someone if you dont want any written records
The email should be send when the subject addresses something meant to occur in the future, or impact the future.
Email is electronic mail that has the purpose to send and receive messages through the internet medium. The business organization makes use of emails for exchanging official information and keeping its records.
Thus, business communication is effectively executed with the help of emails as vital messages regarding future events, policies, or any update is sent in order to get prepared for change and perform the task accordingly.
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Comprehension Que
1. What was the occupation of Husni before he relocated to the city?
Answer:
Egyptian military and political leader
You are the general manager of a local automated car wash. There are several other car washes clos to yours and all offer the same service. You and your competitors in the area charge $15 per car wash, which is also your marginal cost per wash
You oversee operations at a neighborhood automatic car wash. Nearby car washes include a number of others that provide the same service. You charge $15 for each vehicle wash, which is also your marginal cost per wash, along with your local rivals. If you set your price to $20, your profits will increase.
The decision to increase the price to $20 will ultimately depend on how the other car washes in the area respond. If they match your price, then you will benefit from the increased revenues without sacrificing any of your customers.
However, if they do not match your price, then you risk losing customers to the competitors who are still offering the same service at a lower price.
Furthermore, if the other car washes in the area also raise their prices in response to your increase, then the cost of car washes in the area may be too high and you may lose customers who are unwilling or unable to pay the higher price.
In short, increasing your price to $20 may result in increased profits, but you must be aware of the potential risks associated with such a change and weigh them against the potential benefit of increased profits.
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The complete question is:
You are the general manager of a local automated car wash. There are several other car washes clos to yours and all offer the same service. You and your competitors in the area charge $15 per car wash, which is also your marginal cost per wash. If you set your price to $20, your profits will_________.
if a competing brand's product is priced much lower than a consumer's internal reference price, which is most likely to occur
If a competing brand's product is priced much lower than a consumer's internal reference price, the most likely scenario is that the consumer will perceive the competing brand's product as offering a good deal or value for money.
Reference pricing refers to the price point or range that consumers have in mind as a benchmark or reference when evaluating the value of a product.
It is often based on past experiences, previous purchases, or general market knowledge. When the price of a product falls significantly below the consumer's internal reference price, it creates a perceived discrepancy between the expected price and the actual price.
It's important to note that the consumer's response may vary depending on factors such as their level of brand loyalty, perceived product quality, and the overall value proposition of the competing brand's product.
However, in general, a significant price difference in favor of the competing brand is likely to capture the consumer's attention and potentially drive purchase behavior.
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Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. What is this biologiacal strategy called
Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. This biological strategy is called energy coupling.
Energy coupling refers to the process where the energy released from an exergonic reaction is used to initiate an endergonic reaction. In living systems, energy is often stored and transferred in the form of ATP, a high-energy molecule. ATP can be hydrolyzed to release energy, and that energy can be coupled to other reactions that require energy. By combining energy-releasing reactions with energy-consuming reactions, living organisms can manage and use energy efficiently.
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what is sole trading concern
Answer:
not getting equal stuff back
Explanation:
Sarah receives a semi-monthly salary of $933.20 and works a regular workweek of 40 hours. A. What is Sarah's hourly rate of pay? 5 marks b. If Sarah's gross earnings in one pay period were $1090.19, for how many hours of overtime was she paid at time and one-half regular pay
Answer:
$10.7677
9.72 hours
Explanation:
Given the following :
Semi-monthly salary = $933.20
Work hours per week = 40 hours
Hourly rate of pay =?
Monthly salary = 2 × $933.20 = $1866.40
Yearly pay = $1866.40 × 12 = $22396.8
Therefore, weekly pay ;
$22,396.80 / 52 = $430.7077
However, Sarah only works for 40 hours per week
Therefore, weekly pay equals;
$430.7077 / 40 = $10.7677
B) if gross pay = $1090.19
Therefore, amount of overtime paid equals:
$1090.19 - $933.20 = $156.99
If overtime pay is one-half regular pay, that is;
1.5 × $10.7677 = $16.152
Therefore, overtime hours equals
Total overtime paid / overtime pay rate
$156.99 / $ 16.152 = 9.719
9.72 hours
Which of the following requires the most education?
A. Veterinary assistant
B. Veterinary technician
C. Animal groomer
D. Veterinarian
Answer:
d
Explanation:
Answer:
D
Explanation:
They are like a doctor to animals
What health issue did Feiler face that led him to consider his family?
Contact a few information systems professionals and ask them what types of operating systems they use in their organizations. (Alternatively, you may browse through articles in business periodicals for the same information.) Fill in the table with information about the operating systems used in four different organizations. Also, give reasons for each company’s choice of operating systems.
An operating system (OS) is indeed the mechanism that manages all those other application components in a computer after being installed into the system first by a boot program.
What is an Operating System?An operating system consists of system software that regulates the hardware, software, and resources of a computer.
A group of software applications that coordinate the activities of computer systems is referred to as an "operating system." It serves as a link at the point where humans and machines interact.
Essential features for controlling devices linked to a computer are provided by operating systems. These processes include managing storage devices, processing inlet, and outlet requests, and allocating memory. A keyboard, mouse, printer, or whatever other connected device could be this one.
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In project schedule management, which process primarily involve identifying and documenting the relationships between project activities
The process in project schedule management that primarily involves identifying and documenting the relationships between project activities is called "Sequence Activities."
The Sequence Activities process is part of the Project Time Management knowledge area, and it involves identifying and documenting the relationships between project activities in order to create a project schedule. This process uses various techniques, such as dependency determination, to determine the sequence in which project activities must be completed. The output of this process is a network diagram or project schedule network diagram, which is a visual representation of the project's activities and their relationships. This diagram serves as the basis for creating the project schedule, which is a critical component of project planning and management. By identifying and documenting the relationships between project activities in the Sequence Activities process, project managers can ensure that the project is completed on time and within budget.
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Which of the following is TRUE with respect to health care spending accounts (FSAs or HSAs)?
Healthcare spending accounts (FSAs or HSAs) are tax-advantaged accounts that allow individuals to set aside pre-tax money to pay for qualified medical expenses.
One key difference between FSAs and HSAs is that FSAs are typically offered by employers and have a "use-it-or-lose-it" policy, meaning any unused funds at the end of the year are forfeited. HSAs, on the other hand, are typically owned by individuals and the funds roll over from year to year. Additionally, HSAs are only available to individuals who have high-deductible health plans (HDHPs). Both FSAs and HSAs can be used to pay for qualified medical expenses, but HSAs have the added benefit of being able to be used as long-term investment vehicle for retirement savings.
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Choose the answer. How would the transaction "bought merchandise on account" be recorded in an expanded journal?
debit Cash and credit Accounts Payable
debit Purchases and credit Account Payable
debit Cash and credit Purchases
debit Accounts Receivable and credit Cash
Bought merchandise on account be recorded in an journal by debiting Accounts Receivable and crediting Cash. The appropriate response is option C.
What is Accounts Receivable?The term "accounts receivable," sometimes known as "A/R," refers to a company's legally enforceable claims for payment for goods delivered or services provided that consumers have requested but have not yet paid for.
The proceeds or money that the business will receive from its clients who have financed their purchases of its goods and services are known as accounts receivable (AR). The credit term is often brief, ranging from a few days to several months or even a full year in rare situations.
In the current assets part of a balance sheet, receivables are listed. These are debts that customers owe to a business that can be converted into cash in under a year.
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Breton Woods Standards were found to be inadequate mainly because
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
which principle defines how many times something repeats.
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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A 5-year bond with a yield of 6% (continuously compounded), with a face value of $100, pays an 3% coupon at the end of each year. What is the bond's price?
The bond's price is approximately $93.86.
To calculate the bond's price, follow these steps:
1. Determine the present value (PV) of the coupon payments: Since the bond pays a 3% coupon annually, the annual coupon payment is $3 ($100 * 0.03). Use the formula PV = C * (1 - e^(-yt)) / y, where C is the coupon payment, y is the yield, and t is the bond's maturity. In this case, PV = $3 * (1 - e^(-0.06 * 5)) / 0.06 ≈ $13.47.
2. Determine the present value of the face value: Use the formula PV = F * e^(-yt), where F is the face value, y is the yield, and t is the bond's maturity. In this case, PV = $100 * e^(-0.06 * 5) ≈ $80.39.
3. Add the present values of the coupon payments and the face value to find the bond's price: $13.47 + $80.39 ≈ $93.86.
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A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, The correct journal entry to record the purchase on July 5 is: _____________
a) Debit Accounts Payable $1,800; credit Purchase Returns $200; credit Merchandise Inventory $1,600.
b) Debit Accounts Payable $1,800; credit Merchandise Inventory $1,800.
c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
d) Debit Merchandise Inventory $1,800; credit Sales Returns $200; credit Cash $1,600.
e) Debit Merchandise Inventory $1,600; credit Cash $1,600.
Based on the purchase details by the company, the correct journal entry to record the purchase on July 5 is c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
Why is this the correct journal entry?On July 5, the amount that was purchased was still $1,800. Nothing had been returned yet. The amount that will be debited to Merchandising as an asset will therefore be $1,800.
The Accounts Payable account will be credited the same amount to reflect that the company owes money for the purchase.
In conclusion, option C is correct.
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A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answer:
see the answer
Explanation:
I think It is A
A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge