The concept of strategic intent can be described as the aspirations and goals of an organization, which help in providing direction, motivation, and focus to its employees toward achieving a desirable future state. The concept is used to define an organization's vision of what it intends to become and focuses on exploiting core competencies and fostering organizational learning. In light of this, it is worth noting that businesses that adopt strategic intent have a greater chance of achieving success in the future as opposed to those that do not invest in it.
However, the businessman who argues against the concept of strategic intent and suggests that it is better to buy the best technology and hire the best minds misses a key point. Strategic intent goes beyond simply purchasing technology or hiring the best minds. Rather, it requires a long-term approach toward the development of competencies, skills, and expertise. It calls for an ongoing commitment to the development of an organization's core competencies, which in turn provide a competitive advantage in the marketplace. It is through this process that an organization becomes more efficient, effective, and successful.
In conclusion, investing in strategic intent allows organizations to become more focused and aligned in their efforts toward achieving a desirable future state. Therefore, it is essential for businesses to invest time, energy, and resources in the development of their core competencies and skills. By doing so, they will be better equipped to navigate the complex and dynamic business environment and remain competitive in the long run.
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A(n) _____ is a new, separate agreement by the promisee to release the original promisor from liability in exchange for a third party's agreement to assume the promisor's duties.
a. assignment
b. delegation
c. novation
d. obligor
The answer to the given question is option c. Novation. A novation is a new, separate agreement by the promise to release the original promisor from liability in exchange for a third party's agreement to assume the promisor's duties.
The correct option is-A
What is Novation? A novation is a process by which a new contract replaces an existing contract, and it is commonly used in situations where a party has transferred its rights or obligations to a third party. A novation replaces one party with another in a contract, ensuring that the rights and obligations of the original contract are transferred to the new party.
A novation involves the substitution of a new contract for an existing one, with the aim of extinguishing the existing contract's rights and obligations and replacing them with those of the new contract. The replacement agreement releases the original promisor from liability while assigning the promisor's duties to a third party.
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The Coca-Cola Company is one of the world's leading manufacturers, marketers, and distributors of nonalcoholic beverage concentrates and syrups, producing more than 500 beverage brands. Required: Identify each item in the following list with a word to indicate whether it is a cash flow from Operating. Investing. or Financing actlities. (Indicate the effect of the cash inflow or outflow by selecting a word with parentheses for a cash outflow or a word without parentheses to indicate a cash inflow.)
Cash received from customers and paid for inventory are operating activities, while cash paid for property and equipment, and received from sale of investments are investing activities. Cash paid for dividends and received from the issuance of bonds are financing activities.
- Cash received from customers: Operating activities (inflow)
- Cash paid for inventory: Operating activities (outflow)
- Cash paid for property, plant, and equipment: Investing activities (outflow)
- Cash received from the sale of investments: Investing activities (inflow)
- Cash paid for dividends: Financing activities (outflow)
- Cash received from the issuance of bonds: Financing activities (inflow)
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How did the oil and gas industry improve louisiana’s economy?.
Answer:
While the oil and natural gas industry generates more than 260,000 jobs in Louisiana, it is also building communities, neighborhoods and local economies for the workers and their families. In fact, for every job created in the energy sector, 3.4 additional jobs in other sectors are created.
.. If two variables have a direct relationship on a graph, it indicates that
A. both variables are not related.
B. as one variable rises, the other variable falls.
C. both variables are moving in the same direction.
D. as one variable rises, the other variable is constant.
Answer:
Option C. Both variables are moving in the same direction.
Explanation:
The reason is that in the direct relationship, the variables move in the same direction which means if one of the variable increases then the other will also increase and vice versa. So the only option that satisfies this condition is option C.
suppose investors can earn a return of 2.8% per 6 months on a treasury note with 6 months remaining until maturity. the face value of the t-bill is $10,000. what price would you expect a 6-month-maturity treasury bill to sell for?
PV = Parvalue/(1+r)n = $10,000/(1+2.8%) 6=10000.168would you anticipate paying for a 6-month Treasury bill.
US Treasury Notes (T-bills) 1.3 Treasury bills, often known as T-bills, are short-term debt securities issued by the Government of India and are now available in three tenors: 91 day, 182 day, and 364 day. T-bills are money market instruments. Treasury bills are interest-free securities with zero coupon payments.Out of all the debt that the federal government has issued, T-bills have the earliest maturity date. T-bills can be bought in non-competitive and competitive bids in $100 increments. Federal taxes apply to T-bills, but state and local taxes are not. The 1 Year Treasury Rate is currently 4.79%, down from 0.78% last year and 4.64% on the previous market day.
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for 1 year, maria invested $10,000 at a simple annual interest rate of xx percent and $8,000 at a simple annual interest rate of yy percent, where x equals 3 y over 4x
Maria invested $10,000 at a simple annual interest rate of xx percent and $8,000 at a simple annual interest rate of yy percent, where x equals 3y over 4x.
To solve this problem, we need to find the values of xx and yy using the given equation x equals 3y over 4x.
Start by substituting the value of x in terms of y into the equation: x = 3y / 4x.
Cross-multiply to eliminate the fraction: 4x^2 = 3y.
Rearrange the equation to solve for y: y = 4x^2 / 3.
Now, we can substitute the value of y back into the original equation to find the value of x. Let's do this step-by-step.
For the first investment of $10,000, the interest rate is xx percent. We can substitute the value of x into the equation: xx = 3(4x^2 / 3) / 4x. Simplify the equation: xx = 4x^2 / 4x.
Cancel out the common terms: xx = x.
Therefore, the interest rate for the first investment is equal to x percent.
For the second investment of $8,000, the interest rate is yy percent. We can substitute the value of x into the equation: yy = 3(4x^2 / 3) / 4x.
Simplify the equation: yy = 4x^2 / 4x.
Cancel out the common terms: yy = x.
Therefore, the interest rate for the second investment is equal to x percent.
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Use this formula to help solve the problem. break-even point = P+V*Q+F=S*Q
Assume that at one point a business sells cameras for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $2,000. What is the break-even point?
A). 400 units
B).100 units
C). 300 units
D). 200 units
Entrepreneurship PLZ HELP
Answer:
D). 200 units
Explanation:
As per contribution margin concepts, the break-even point is calculated using the formula.
Break-even point = fixed costs/Contribution margin per unit.
fixed cost is $2,000
Contribution margin per unit = sales price-variable costs
= $20- $10 = $10
Break-even point = $2000/10
=200 units
Answer:
200 Units was correct on my test (Edge)
Explanation:
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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A global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
Answer:
The correct answer is "Internet".
Explanation:
A global structure of data networks, the collection of several types of networks throughout which the clients at any device will, whether they have the authorization, obtain some technical information from other devices, recognized as an internet. Which utilizes a fraction of that same cumulative capacity of the already additional infrastructure network systems.How does a bank enforce the requirement of safeguarding your money?
The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.
How does bank help to safeguarding your money?Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.
Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).
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explain the effect of the change in the nominal interest rate shown in part (b) on aggregate demand in the short run
In the short run, what is the effect of a change in nominal interest rates on aggregate demand?In the short run, a change in nominal interest rates has an effect on aggregate demand. In particular, if the nominal interest rate decreases, aggregate demand increases, and if the nominal interest rate rises, aggregate demand decreases.
The reason for this is because of the consumption and investment channels.Nominal interest rates are the cost of borrowing or the return on lending money in a financial transaction. Aggregate demand is the amount of total demand for goods and services in an economy.
In this case, there is an inverse relationship between nominal interest rates and aggregate demand.When the nominal interest rate drops, the cost of borrowing falls. Lower borrowing costs can motivate consumers and businesses to spend more money because it is more affordable.
Therefore, demand for goods and services increases as more money is being spent, raising the aggregate demand. A decrease in the nominal interest rate shifts the AD curve to the right because of the effects on consumption and investment.
On the other hand, a rise in the nominal interest rate results in higher borrowing costs, which can discourage consumer and business spending because it is more expensive. The demand for goods and services decreases as less money is being spent, decreasing the aggregate demand.
An increase in the nominal interest rate shifts the AD curve to the left because of the effects on consumption and investment.
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Which type of float is described as the amount of time that a schedule activity can be delayed or extended from its early start date wihout delaying the finish date?
Genuinely put, total go with the float is the quantity of time that a hobby may be behind schedule without delaying the task. however, free flow is the quantity of time that a pastime can be delayed without delaying the early start of its successor.
Interfering go with the float is the maximum quantity of time an activity may be behind schedule without delaying the early start of the succeeding activities and without the allowable put off of any predecessor interest.
Float, additionally known as is the quantity of time beyond a task's scheduled crowning glory that an inside the task. total float is the amount of time an inside an undertaking that can be behind schedule without the assignment closing date.
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John and his 6 member project team, have been working 12-hour days, to complete and finalize the preliminary designs for the Construction of the USD 300 Million Hospital Infrastructure, so that it can be included as part of the Request for Proposal (RFP), which will be sent out to 4 participating companies. They eventually managed to complete the RFP documentation in a week, to be circulated to the prospective participants in this project. As part of the job well done and as a stress relieve. A. As a project leader did the right thing, with the objective of motivating his team and rewarding them for a job well done. B. As a project leader, did not do the right thing since team members may take advantage of the situation
As a project leader, John did the right thing, with the objective of motivating his team and rewarding them for a job well done.
After working long hours to complete the preliminary designs and RFP documentation for a high-stakes project, it is important to recognize and appreciate the efforts of the project team. Celebrating team achievements and taking a break to recharge can help to build team morale and motivation, and can also contribute to long-term productivity and job satisfaction.
By rewarding his team with a stress-relieving activity, John is acknowledging their hard work and commitment, and showing that he values their contributions to the project. This can help to foster a positive team culture and build trust and loyalty between the team members and the project leader. As long as the celebration is appropriate and does not interfere with the project timeline or budget, it can be an effective way to boost team motivation and productivity.
Option B: As a project leader, John did not do the right thing since team members may take advantage of the situation. While celebrating team achievements and taking a break can be important for team morale, it is also important to balance this with the demands of the project and the expectations of stakeholders.
If the celebration is excessive or inappropriate, it may give the impression that the project team is not taking the project seriously or that the project leader is not managing the project effectively.
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Which sentence best describes how money functions as a "store of value"?
You can exchange money for goods and services. It adds to your purchasing power. It assigns value to goods and services. Its value appears in the books of accounts
It adds to your purchasing power best describes how money function as a "store of value".
What is a Store of value?An asset, product, or piece of money that can be preserved, recovered, and exchanged in the future without losing value is known as a store of value. To qualify for this category, the acquired object must increase in value over time to the same level or higher.
Due to their practically endless shelf lives, gold and other metals are stores of value. Interest-bearing assets like U.S. Treasury bonds (T-bonds) qualify for investors since they produce income while maintaining value. Milk, on the other hand, depreciates over time and is a poor store of value.
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why did the industrial revolution lead to a growth in marketing research?
The Industrial Revolution led to the growth of marketing research due to several reasons. One of the reasons is the need for increased production, which required companies to find new ways to sell their products.
Additionally, the rise of mass production made it possible for companies to produce goods on a large scale, which meant that they needed to find ways to market their products to a wider audience.
Marketing research became crucial during the Industrial Revolution because it helped companies identify the needs and preferences of their customers. By conducting surveys, companies were able to find out what their customers wanted and needed, which enabled them to tailor their products and marketing campaigns to meet those needs. This helped companies increase their sales and profits, which, in turn, fueled further growth in the industry.
Moreover, the rise of transportation and communication technologies also contributed to the growth of marketing research. Improved transportation made it easier for companies to distribute their products across the country, while the telegraph and telephone made it possible for companies to communicate with customers and suppliers over long distances.
This enabled companies to conduct surveys and gather data from a wider audience, which helped them stay ahead of their competitors.
In conclusion, the Industrial Revolution led to the growth of marketing research due to the need for increased production, the rise of mass production, the need to identify the needs and preferences of customers, and the improvement in transportation and communication technologies.
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theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
Which is the preferred method of payment for making a hotel room reservation?
Barney is selling his home and wants to handle all of the marketing and paperwork himself. is he required to have a real estate license?
Barney is not required to have a real estate license to handle the marketing and paperwork of selling his home himself.
Is a real estate license necessary for Barney?Barney is not legally obligated to have a real estate license when selling his home and handling the marketing and paperwork himself. In most jurisdictions, individuals are allowed to sell their own property without holding a real estate license. The requirement for a license typically applies to real estate professionals who engage in the buying, selling, or leasing of properties on behalf of others for a fee or commission.
However, it's important for Barney to familiarize himself with local laws and regulations regarding real estate transactions to ensure he complies with any specific requirements or disclosures that may be necessary in his area.
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what will happen to trade if business is flourishing?
Answer:
if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand
Gross profit and income from operations are reported on a multiple-step but not on a single-step income statement. True or false
This is true! Gross profit and income from operations are not on a single-step income statement. Instead, they are reported on a multiple-step.
A company's net income is determined by adding together two significant subtotals in a multiple-step income statement:
Subtotal for a business that sells products is the amount of gross profitThe quantity of operating incomeThe single-step income statement is a different structure for an income statement that starts with operating revenues, nonoperating revenues, and gains before moving on to operating expenses, nonoperating expenses, and losses.
Multiple-Step Income Statement would look like this:
Net Sales 0.00
Cost of Sales 0.00
Gross Profit 0.00
SG&A Expense 0.00
Operating Inc. 0.00
Investment Inc. 0.00
Interest Expense (0.00)
Loss on Sales (0.00)
Net Income 0.00
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1. What role did data play in the planning and execution of the Royal Canin campaign?
2. Why was it so important for Royal Canin to continuously monitor the campaign results and
update their CRM database?
3. What beneficial effects did the data generated by the Royal Canin campaign have on the
running of the business overall?
RedYellow_eMarketing_Textbook_6thEdition. Pdf
Page 55
Data played a crucial role in the planning and execution of the Royal Canin campaign.
The company utilized various data sources to gain insights into its target audience, including online behavior, purchase history, and social media activity. This allowed Royal Canin to develop a more targeted and personalized campaign that resonated with their audience, ultimately leading to better engagement and conversion rates.
It was important for Royal Canin to continuously monitor the campaign results and update their CRM database because it allowed them to identify areas where the campaign was successful and areas where it needed improvement. This data-driven approach allowed the company to make data-based decisions and optimize the campaign to achieve better results.
The data generated by the Royal Canin campaign had several beneficial effects on the running of the business overall. For example, the insights gained from the data allowed Royal Canin to identify new market opportunities and develop more targeted marketing strategies. Additionally, the data allowed the company to improve its product offerings and customer service, leading to increased customer satisfaction and loyalty.
Overall, the use of data in the Royal Canin campaign allowed the company to achieve better business outcomes and remain competitive in the marketplace.
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PLZZ HELP
just need 50 words for a justification on this topic.....that's all....plzzzzz.......its worth max points so plzzzz make it good.
Analyse how Nike has dominated globally throughout the decades and drives the economy.
Every company develops a brand reputation. Sometimes it helps the company bring in more revenue, and sometimes it plays against it. That's not the case for Nike, which by sponsoring many high-profile athletes and sports teams all over the world has become one of the most recognized global symbols.
Strong branding is just one of Nike's many competitive advantages. A culture of innovation, plenty of international opportunities for revenue expansion, and significant pricing power make this stock a must watch. Its shares are up almost 50% since early January, but this may be just the beginning.
Founded in 1964 by University of Oregon track athlete Philip Knight and his coach Bill Bowerman, Nike has become a leading player in the athletic footwear and apparel industry. Over the past 40 years, the company has built several competitive advantages:
Strong Brand: Nike has been able to establish strong emotional connections with athletes by building one of the most widely recognized brands in the world. Interbrand puts Nike in the 26th position of its Best Global Brands 2012 Ranking, well above Adidas , which is in the 60th position. Pricing Power: Nike's strong brand has enabled the company to set high prices, and therefore enjoy a higher gross margin in footwear than most of its competitors. Just in the latest quarter, the company posted an increase of 110 basis points in gross margin to 43.9%. Global Supply Chain: With more than 1000 factories worldwide and 1 million workers employed, Nike's supply chain overshadows any other competitor. The company has the resources needed to supply the world with top-quality shoes without any trouble.
These advantages have allowed the company to more than double its revenue in the past 10 years. As earnings per share grew at a compounded rate of 15%, management returned over $15 billion to shareholders via dividend payments and share repurchases. The key behind these figures is massive growth. It took the company 18 years to earn its first $2 billion in revenue. By growing 8% in 2012, the company added that much in just 12 months.
Emerging markets are a massive opportunity for Nike. Asia and Latin America in particular are set to become the firm's primary growth engines. Both regions will continue experiencing strong demand for its products due to increasing economic prosperity and a strong interest in sports.
The brand is already the leading player in China with more than $2.4 billion in sales in 2012. Because of increasing competition coming from Adidas and Hennes & Mauritz, however, Nike's inventories have started to grow faster than its sales after growing its business 23% between 2011 and 2012. That being said, Nike still has plenty of room left for discounts in order to protect its leading position from Adidas.
Brazil is another key market. According to the company's latest letter to shareholders, management is preparing a marketing plan more ambitious than anything they have done before for the 2014 World Cup and the 2016 Olympics.
Nike's classic rival, Adidas, became stronger after the 2006 acquisition of Reebok. The German sports equipment maker is making steady progress in international expansion, and will also benefit from a sales boost coming from the World Cup next year as it will be sponsoring strong teams, such as Germany, Argentina and Spain. However, by securing more than half of the teams in the 2010 World Cup, including the French and Brazilian national soccer teams, Nike will be the main figure.
The industry certainly looks fierce. That should not be a problem for Nike, however, which has all the competitive advantages needed to keep its leading position in the global athletic footwear, apparel, and equipment market, which is worth as much as $284 billion. With more than a thousand factories all over the world and one of the strongest global brands ever created, Nike is well prepared to capitalize on its emerging markets business and welcome one billion new consumers on the way.
Please help I will mark brainliest
What is the financial responsibility within the fashion industry ??!!??!?!?
HELPPPP
Fashion finance jobs focus on the business side of fashion, especially as it relates to product sales. In this role, you may help manage a relationship with buyer or vendor accounts. You also support the overall budget of your corporation by ensuring positive cash flow and help evaluate the financial value of each type of merchandise your company releases. Many details of this position depend on the company. For example, some fashion companies are global, so people in financial positions may have to coordinate information and activities across many parts of the world. This job is generally similar to financial positions in most other industries.
Explain an Argument In the section "Consequences of Ending Rent Control," you read that most economists argue that the benefits of ending rent control exceed the costs. Do you agree? Why or why not?
Answer:
Disagree Option
Explanation:
Setting prices ceilings on rent can cause the balance in supply and demand to fall short of each other. For example, let's say the equilibrium for supply and demand was 5 apartments for $100 a month and that the supply at $100 was 5 apartments. If you created a price ceiling at $90, this would cause a greater demand but less of a supply generating an apartment shortage.
What might you tell her about career resources and their importance in career selection?
Answer:
I would like to tell her that it is good that she has chosen her career but there is no harm in taking the help of the career resources as it will clarify her path and clear her conflicts if any. Moreover, it can help in her career selection and give her some ideas of the pros and the cons of the field she is choosing. Taking assistance of the resources can give major idea of the experiences and the instances from other’s life and can influence her decision in the positive way.
Explanation:
edge
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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regis and maggie just purchased their first home together. the seller offered them a counter offer to their first offer and they were happy with the terms. two months later their basement flooded and cost over $20,000 in repairs to replace all of their household goods and to rebuild the drywall, flooring and mechanical systems. they found out that there was a crack in the foundation that the original owners did not reveal. what type of unethical tactic took place during the purchase agreement?
Based on the given information, the unethical tactic that took place during the purchase agreement is nondisclosure.
What is an Unethical tactic?The use of manipulative methods with no sufficient benefit that balances the harm caused by dishonesty is considered unethical. Whenever they are unable to clearly understand how their actions are harming others, employees are more inclined to act unethically.
In the give this case it is explained that Maggie and Regis recently bought their first house together. In response to their initial offer, the seller made them a counteroffer.
When their basement flooded two months later, they discovered a foundation crack that the previous owners had concealed.
An action is said to be "nondisclosure" in which the owner knowingly hides some information or fails to reveal some important information to perform fraud.
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how does the government work with the soe's
Answer:
Explanation:
At times, an SOE is created out of a government agency through a process called corporatization. This allows the agency to convert itself into a for-profit business. Often, the newly formed SOE still operates with government goals in mind, but officially it operates as a commercial enterprise.
Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80.
The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.
The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.
What is interest?Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).
Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.
Computation of Interest:
Given that,
Principal(P) = $5,550,
Interest Rate(i) = 6.8%,
\(\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667\)
Number of monthly Installments(n)= 10×12 = 120.
Here, we apply the formula of E.M.I (Equated Monthly Installment):
\(\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29\)
Here, the total installments of the loan are 120,
then the amount of total payment would be:
\(120\times\$63.29= \$7,594\)
Then, the amount of interest that is paid on the loan would be:
\(\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28\)
Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.
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common resources are goods that are:
A common resource is a non-excludable but rival good; in other words, a good that people cannot be forcibly stopped from using but whose consumption reduces that of other people.
What is a rival good?When one consumer inhibits the concurrent consumption of another consumer, or when one party's consumption diminishes the other party's ability to consume it, the good is said to be rivalrous or a rival in economics. A good is deemed non-rivalrous or non-rival if, at any level of production, there is no cost associated with delivering it to a marginal (additional) person. A good can be categorized along a continuum ranging from rivalrous to anti-rivalrous. Alternatively known as jointness of supply, subtractable or non-subtractable, these terms describe the distinction between rivalrous and non-rivalrous. In 1959 and 1969, economist Richard Musgrave added rivalry and excludability to the definition of consumer goods.
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