(T/F) Revenue management methodology was originally developed for the banking industry.
Answers
It is false that revenue management methodology was originally developed for the banking industry.
What is revenue management process?
Revenue management is the process of taking and rejecting orders, employing tiered pricing strategies and sales limitation tactics to reallocate capacity, increase reliability and speed of delivery, and generate responsive revenue to maximize profits.
It was initially developed for the airline industry to optimize seat inventory and pricing. The concept has since been applied to various industries, including banking, but its origins are in the airline industry.
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Related Questions
If the labor force is 1000 workers, but 32 are unemployed, what is the unemployment percentage?
Answers
3.2% is the unemployment percentage, if the labor force is 1000 workers, but 32 are unemployed.
What is the reason of unemployment?Unemployment is influenced by a lot of circumstances on both the demand and supply sides. Rising interest rates, a global recession, and a banking meltdown may all contribute to demand-side decreases. Underemployment and structural employment have a big impact in the supply side.
Thus, it is 3.2 percent.
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If his bank charges 17 percent interest, should the customer borrow from the bank so that he can take advantage of the discount?
Answers
If his bank charges 17 percent interest, the customer should borrow from the bank so that he can take advantage of the discount.
It will save the customer money while Taking the cash discounts as long as the banks' interest is lower than the interest associated with not taking cash discounts. As the bank charges are 17%, the customer should borrow from the bank to avail of the discount.Basically, an implicit interest rate is a loan that doesn't have any mention of an interest rate. In a case, if the borrower is repaying more than what they borrowed they must pay for the interest rate too, basically it is the rate that can be considered because it is not explicitly mentioned which means it is not verbally and even in way of writing too.
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Each time a payment is made on an installment note, the portion of the next payment associated with interest expense increases. This statement is:
Answers
Each time a payment is made on an installment note, the part of the next payment associated with interest expense increases. This statement refers to a false statement.
An interest expense is a cost incurred by a party for borrowed funds. Interest expense refers to a non-operating expense represented on the income statement. It shows interest payable on any borrowings loans, bonds, convertible debt, or lines of credit. Since interest expense arises when an organization takes out a loan to finance its business operations, it is the added percentage of borrowing cash from a third party. Interest expense does not result in an increase in the payment of the next installment.
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The student chooses an advertising campaign implemented for a business organization in the United Arab Emirates or abroad, and then analyzes it according to the following: -
(a) Items to be analyzed:
1. Defining the institution, clarifying its origin and development, the products or services it offers to the public, and clarifying the campaign topic to be analyzed.
2. Determining the advertising objectives through messages, and defining the target audience of the campaign, with an opinion on that.
3. Monitoring and identifying four of the advertising means that were used in the campaign and their suitability from your point of view.
4. List three of the advertising messages that were used in the campaign, explain your opinion of the messages' comparative advantage, and indicate the relevance of the message to the target audience.
5. Clarify the method of implementing the campaign and your opinion on it.
Answers
Analyzing an advertising campaign requires examining various aspects of the campaign, such as the institution, advertising objectives, means used, messages conveyed, and the implementation method. Let's take the example of an advertising campaign implemented for a business organization in the United Arab Emirates.
1. Defining the institution: Begin by introducing the business organization, its origin, and development. Mention the products or services it offers and specify the campaign topic to be analyzed.
2. Advertising objectives and target audience: Identify the advertising objectives, which could be increasing brand awareness, boosting sales, or promoting a new product. Define the target audience and provide your opinion on whether the campaign effectively reaches them.
3. Advertising means: Identify four advertising means used in the campaign, such as TV commercials, social media ads, billboards, or influencer marketing. Evaluate their suitability based on factors like the target audience, reach, and effectiveness.
4. Advertising messages: List three advertising messages used in the campaign. Explain the comparative advantage of each message and discuss its relevance to the target audience. For example, if the campaign aims to attract young adults, analyze how the messages resonate with them.
5. Implementation method: Describe the method used to implement the campaign and provide your opinion on its effectiveness. Consider factors like creativity, media selection, and overall execution.
Analyzing an advertising campaign involves systematically assessing different elements of the campaign. By addressing each item to be analyzed, you can gain a comprehensive understanding of the campaign's strengths and weaknesses.
The first step is to introduce the business organization and provide background information, such as its history and the products or services it offers. Additionally, clearly state the specific campaign topic to be analyzed, such as a product launch or brand repositioning.
Next, identify the advertising objectives, which could include increasing brand awareness, generating sales, or shifting consumer perceptions. Define the target audience for the campaign, considering factors like demographics, psychographics, and buyer behavior. Evaluate whether the campaign effectively reaches this target audience, based on your opinion and analysis.
Moving on, analyze the advertising means used in the campaign. Examples could include television commercials, social media advertisements, billboards, or influencer marketing. Assess the suitability of each means by considering factors like target audience reach, cost-effectiveness, and alignment with the campaign objectives.
Then, evaluate three advertising messages used in the campaign. Highlight the comparative advantage of each message, such as emotional appeal, uniqueness, or clear call-to-action. Additionally, discuss the relevance of these messages to the target audience, examining how they address their needs, desires, or pain points.
Finally, discuss the method of implementing the campaign. Consider elements like creativity, media selection, execution, and integration across different channels. Share your opinion on the effectiveness of the campaign's implementation, supporting your evaluation with relevant examples or data.
In conclusion, analyzing an advertising campaign involves systematically assessing the institution, advertising objectives, means used, messages conveyed, and implementation method. By considering these factors, one can gain valuable insights into the campaign's effectiveness in reaching its target audience and achieving its objectives.
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who is the CEO of Amazon
Answers
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
What situation helped cause the stock market crash of 1929 ?
Answers
The stock market crash of 1929 was caused by a combination of factors, including excessive speculation, market overvaluation, and weak economic fundamentals.
The stock market crash of 1929 was a result of a combination of several factors. Firstly, investors were engaging in excessive speculation, which means buying stocks with borrowed money in hopes of quickly selling them at a higher price.
As the market became more and more overvalued, investors began to worry that stocks were too expensive and that the stock market had reached its peak. This caused many investors to sell their stocks, which further decreased the market’s value.
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A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False
Answers
Answer:
False
Explanation:
Food contact surface is what it is called
THIS IS BUSINESS ENGLISH!
HELP!
What are three characteristics of successful entrepreneurs? (Select three)
A- Creative
B- Young
C- Determined
D- College graduate
E- Enthusiastic
Answers
Answer:
Creative
Enthusiastic
Deteined
Can anyone help me think of an advertisement for a product I’m selling which is a drone.
Answers
Regardless of the variety of options available, all forms of advertising share two objectives: to influence customers so that they become leads or customers.
How to Influence Customers?
Consumer behavior is influenced by four psychological factors: attitude or set of beliefs, perception, learning, and motivation. Behaving in a manner that offers others the opportunity to change (their behavior, attitudes, thoughts, and ways) and/or accommodate your own wishes is one aspect of influencing skills. However, it is important to recognize that others may be unable to, unwilling to, or unprepared to respond to our request to be influenced. Human behavior is influenced by a variety of factors and characteristics. These are distinctions that are unique to the person with whom you are collaborating. Personality traits.
These are things that affect how a person interacts with other people. Institutional elements. Factors that affect the community and Public policy.
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An example of transactions taking place in the underground market would be which of the following? reporting money to the IRS from a sale you made on eBay licensed gambling illicit drug transactions a
Answers
An example of transactions taking place in the underground market would be illicit drug transactions.
The underground market, also known as the black market or informal economy, refers to economic activities that occur outside the legal framework or regulations of a country. These activities involve the buying and selling of goods or services that are prohibited, restricted, or unreported by authorities. One common example of such transactions is the illegal trade of drugs
Illicit drug transactions involve the buying, selling, and distribution of illegal substances such as narcotics, hallucinogens, or controlled prescription drugs. These transactions typically occur outside the oversight and regulation of government authorities. Participants in the underground drug market engage in these transactions to bypass legal restrictions, avoid taxation, and operate outside the reach of law enforcement.
Engaging in illicit drug transactions is illegal and carries significant social, economic, and health consequences. Governments around the world have implemented strict regulations and enforcement measures to combat the underground drug market. Efforts such as law enforcement operations, public awareness campaigns, and rehabilitation programs aim to reduce drug-related crimes and promote public safety.
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Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answers
Answer:
professional manner and reassurance
Before ordering used parts for a repair, a technician
should get
approval from the ____.
Answers
drag the tiles to the correct boxes to complete the pairs. match each term to the situation that best describes it
Answers
Answer: Theirs nothing their too answer. What do you need help on?
Explanation:
What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?
Answers
Answer:
I got " He Will Owe $180
Explanation:
A P E X
Answer: he will owe 250
Explanation:
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
before creating a social media advertising campaign, sarah embeds quantitative and qualitative metrics at the onset of her strategy that can allow almost real-time measurement and evaluation. what are these metrics called?
Answers
Key Performance Indicator is the metrics at the onset of her strategy which will facilitate real-time measurement and evaluation.
Key Performance Indicator means quantitative and qualitative measure of performance over time for a specific objective.
In other word, any measurable value which demonstrates the effectiveness of business in achieving its business objectives is known as Key Performance Indicator.Key Performance Indicator provide targets and milestones for teams to aim and gauge organization progress. Also, Performance Indicator gives insights and help makes better decision in an organization.Learn more about Key Performance Indicator here
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Which is not a task of the bankruptcy trustee?
ensures that the debtor begins repayment
gathers the debtor's funds in excess of exemptions
monitors the progress of a bankruptcy case
represents the debtor when meeting with the creditors
Answers
Answer:
The option which is not a task of the bankruptcy trustee is;
Represent the debtor when meeting with creditors
Explanation:
In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks
1) Converts the collected company assets to money
2) Assess the creditors (owed by the debtor) proof of claims
3) Allocate monetary refunds to the creditors
4) Upholds or refuse claimants to specific debts
5) Completes tax and other financial reports that are submitted to government agencies
Answer:
Which is not a task of the bankruptcy trustee? That would be: Represents the debtor when meeting with the creditors.
Explanation:
Why? Because he is not a lawyer. He wouldn't really be able to do much in court.
"During year 8, Creek Co. determined that an insurance premium paid and entirely expensed in year 7 was for the period January 1, year 7 through January 1, year 9. How should Creek classify and treat the above transaction on its financial statements?"
Answers
During year 8, Creek Co. determined that an insurance premium paid and entirely expensed in year 7 was for the period January 1, year 7 through January 1, year 9.
That Creek Co. should adjust its financial statements to accurately reflect the period of coverage for the insurance premium. Since the premium was paid and expensed in year 7 but covers the period from January 1, year 7, through January 1, year 9, Creek Co. needs to make the following classifications and treatments:
Prepaid Insurance: Creek Co. should classify a portion of the insurance premium as prepaid insurance on its balance sheet. This represents the portion of the premium that covers the period from year 8 through year 9. Insurance Expense: Creek Co. should recognize the remaining portion of the insurance premium as insurance expense on its income statement for year 8. This represents the portion of the premium that covers the period from year 7 through year 8.
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Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant
Answers
Explanation:
The Placeholders is the basis of all slides in a presentation.
The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc
The Placeholder allows the user to format their slides easily and consistently.
Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.
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Corrective taxes are unlike most other taxes because they a.move the allocation of resources closer to the social optimum. b.raise revenue for the government. c.move the allocation of resources away from the social optimum. d.distort incentives.
Answers
Corrective taxes are unlike most other taxes because they distort incentives. Corrective taxes differ from other types of taxes in that they are intended to internalize externalities and bring the market to a socially optimal level of production. The answer is OPTION D
The case for taxation is based on discouraging socially harmful consumption by matching perceived private marginal costs to actual social costs. The amount of the marginal externality or internality is raised by a corrective tax. Corrective taxes are levied to mitigate the effects of a negative externality. Economists prefer corrective taxes to regulations for pollution protection because they can reduce pollution at a lower cost to society. The answer is OPTION D
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Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C=500+2q 2 where q is the level of output and C is total cost. (The marginal cost of production, MC(q), is 4q; the fixed cost, FC, is $500), If the price of a watch is $100, how many watches should you produce to maximize profits? You should produce Watches. (Enter your response as an integer. ) What will the profit level be? Profit will be $ (Enter your response rounded to two decimal places. ) At what minimum price will the firm produce a positive output? In the short run, the firm will produce if price is greater than $ per watch. (Enter your response as an integer. )
Answers
One should produce 25 watches to maximize profits. The profit level will be $750. The firm will produce a positive output if the price is greater than $50 per watch.
As the manager of a watchmaking firm operating in a competitive market, you want to determine the level of output that will maximize your profits. To do this, you need to consider the cost of production and the price of the watch.
The cost of production is given by the equation
C = 500 + 2q²,
where q is the level of output and C is the total cost. The marginal cost of production, MC(q), is 4q, and the fixed cost, FC, is $500.
To maximize profits, you need to find the level of output where marginal cost equals the price of the watch. In this case, the price of the watch is $100. So, we set MC(q) equal to 100 and solve for q:
4q = 100
q = 25
Therefore, you should produce 25 watches to maximize profits.
To calculate the profit level, we need to subtract the total cost from the total revenue. The total revenue is given by the equation R = p*q,
where p is the price of the watch. In this case, p = $100.
Profit = Total Revenue - Total Cost
Profit = p*q - C
Profit = 100*25 - (500 + 2*(25²))
Profit = 2500 - (500 + 2*625)
Profit = 2500 - (500 + 1250)
Profit = 2500 - 1750
Profit = $750
Therefore, the profit level will be $750.
In the short run, the firm will produce a positive output if the price is greater than the average variable cost (AVC) per watch. The average variable cost per watch is calculated by dividing the variable cost (VC) by the level of output (q). In this case, VC = 2q² and q = 25.
AVC = VC / q
AVC = (2*25²) / 25
AVC = 2*25
AVC = $50
Therefore, the firm will produce a positive output if the price is greater than $50 per watch.
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as a result of its annual fundraising program, a nonprofit receives pledges in the amount of $300,000 during december, the last month of its reporting period. based on its previous history regarding pledges, the nonprofit believes that about $300,000 will be collected in the first 60 days of the next fiscal year; $42,000 will trickle in during the rest of the next fiscal year; and $18,000 will not be collected at all. how much should the nonprofit report as net contributions receivable on its current period financial statements?
Answers
The net contribution receivable for the current fiscal year would be $342,000 ( $300,000+ $42,000) according to the report.
What do financial statements serve as?A company's financial health may be seen at a single glance because of the financial statements that provide information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.
What are the qualities of a good financial statement?The financial statements, which shows a company's potential to make a profit, is likely to be the most relevant financial statement for the majority of consumers. Additionally, the data on the income statement is largely expressed in current dollars, indicating a high level of accuracy.
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Where is robotics on the hype cycle? How does its placement affect other pieces within the hype cycle? Provide an example that supports your ideas
Answers
Robotics is currently on the Plateau of Productivity in the hype cycle. Its placement at this stage indicates that the technology has matured, and its adoption is widespread in various industries.
The Gartner Hype Cycle is a graphical representation of the maturity and adoption of emerging technologies. The Plateau of Productivity is the final stage in the hype cycle, where technologies have reached a level of maturity and widespread adoption. Robotics, as an emerging technology, has transitioned from the earlier stages of the hype cycle and is now considered to be in the Plateau of Productivity.
The placement of robotics on the Plateau of Productivity has a significant impact on other pieces within the hype cycle. It provides a benchmark for the success and practical application of robotics technology. Other emerging technologies that are earlier in the hype cycle, such as artificial intelligence or virtual reality, can draw lessons and insights from the adoption and integration of robotics. Robotics' success can inspire and encourage further development and investment in related technologies, leading to accelerated innovation and advancements in the field.
For example, the successful integration of robotics in manufacturing industries has paved the way for the development of collaborative robots, also known as cobots. Cobots are designed to work alongside humans, enhancing productivity and safety in various tasks. The proven value and acceptance of robotics technology in manufacturing have influenced the development and adoption of cobots in industries like healthcare, logistics, and agriculture. The lessons learned from robotics' journey through the hype cycle have enabled the faster and smoother integration of cobots into these industries.
Overall, the placement of robotics on the Plateau of Productivity signifies its successful adoption and maturity, providing a foundation for the advancement of other emerging technologies and influencing their development and adoption patterns within the hype cycle.
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In the case of a RIF (reduction in force), age discrimination may be proven if:
a. the employer allows a discharged or demoted employee covered by the ADEA to bump others with less seniority.
b. when jobs become available after the RIF, the employer hired younger workers at the same salary as the employee who was discharged or demoted.
c. the employee was fired in order to prevent his pension from vesting.
d. None of the above choices is correct.
Answers
In the case of a RIF (reduction in force), age discrimination may be proven if the employer allows a discharged or demoted employee covered by the ADEA to bump others with less seniority.
When an employee covered by the Age Discrimination in Employment Act (ADEA) is permitted to bump other workers with less seniority after a reduction in force (RIF), it may be deemed evidence of age discrimination in a court of law. Workers who are younger than the impacted employee may be the individuals being bumped, giving proof that the decision to discharge or demote the impacted worker was made purely on the basis of age.
When jobs become available after the RIF, the employer hires younger workers at the same salary as the employee who was discharged or demoted, it is called Disparate Treatment. This can be illegal if it appears that the employer is hiring people based on their age.
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Give (2) examples how we deal with "Scarcity"
Answers
Answer:
Either increasing supply or lowering demand
Explanation:
increasing supply:
e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them
lowering demand:
finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand
- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)
- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)
but these two are pretty much the same so
also please note I don't take any courses on supply and demand other than geography so I might be completely wrong
Exclusive control over a service or product on the market is called: ________
Answers
Exclusive control over a service or product on the market is called a monopoly.
A monopoly exists when a single firm or entity is the only supplier of a particular good or service in the market, giving it exclusive control over the production and distribution of that good or service. In a monopoly, the monopolist can set the price of the good or service at a level that maximizes their profits, as there are no other competitors to drive down prices. However, monopolies are often subject to government regulation to prevent abuse of their market power, such as charging excessively high prices or engaging in anti-competitive behavior.
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Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answers
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.An amount of cash kept on hand and used for making small payments is called a. revenue. b. cash. c. petty cash. d. prepaid interest. e. none of these answers.
Answers
Petty cash is an amount of cash that is kept on hand and used for making small payments. The correct option is c). petty cash
This amount is typically managed by an individual or department within an organization, and it is used to cover expenses such as office supplies, postage, and other minor expenses that do not require a check or electronic payment.
The purpose of petty cash is to reduce the need for employees to submit reimbursement requests for small expenses, which can be time-consuming and expensive for the company to process.
By having a small amount of cash readily available, employees can quickly and easily make these small payments without having to go through the formal reimbursement process.
To manage petty cash, a company will typically establish a petty cash fund, which is a separate account or envelope that is used exclusively for this purpose. The fund is then replenished on a regular basis, typically weekly or monthly, based on the actual expenses that were incurred during that period.
In conclusion, petty cash is an essential tool for managing small expenses in a business setting. By having a dedicated fund for these expenses, companies can streamline their reimbursement process and improve efficiency while also ensuring that employees have the resources they need to complete their work. The correct option is c). petty cash
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The chief marketing officer is considered part of which organizational level?
Answers
Answer:
Explanation:
Mega organizations usually employ a chief marketing officer (CMO) who regulates all promotional efforts.
As of the broad nature of the job title, CMOs frequently accept several roles within their organizations. knowing more about these roles can aids you decide whether this big career is right for you.
A chief marketing officer (CMO) is a senior executive inside an organization who's capable for overseeing the company's promotional efforts and advertising functions. They're typically responsible for building the marketing professionals within an organization, and they note to the company's chief executive officer (CEO).
The authorities of a CMO can vary importantly based on the industry and the have of an employer. CMOs with mass skill sets often have various roles to provide increased value to their employers.
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