Answer:
No, I don't think.that money can buy happiness because money comes and goes...money never stay bro
Answer:
No because Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.
Explanation: tHATS WHY
QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?
a. The value of L is 7.5 and the maximum output is 22.5.
b. The value of L is 7.5 and maximum marginal product is 0.
c. There is no value of L.
What is the value of L?a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:
\(Q = 6L - 0.4L^2\)
Taking derivative with respect to L:
dQ/dL = 6 - 0.8L
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The value of L that maximizes output is 7.5 and maximum output (Q) will be:
\(Q = 6(7.5) - 0.4(7.5)^2\)
Q = 45 - 0.4(56.25)
Q = 45 - 22.5
Q = 22.5
To get value of L that maximizes marginal product (MP), we have to differentiate function:
MP = dQ/dL = 6 - 0.8L
Setting MP = 0:
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The maximum marginal product is computed by substituting value into function:
MP = 6 - 0.8(7.5)
MP = 6 - 6
MP = 0
c. To find the value of L that maximizes average product (AP):
AP = Q / L = (6L - 0.4L^2) / L
Simplifying:
AP = 6 - 0.4L
Taking derivative:
dAP/dL = -0.4
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2. I took a loan of $1,000 and paid the bank a total of $1,194.83 after two years at interest
rate compounded quarterly. What interest rate was I being charged?
3. Your brother has just become a parent for the first time. He wants to save $20,000 for his
son tuition at the university. You just finished a financial math class and he wants to
know how much he should invest now at interest rate of 10% compounded monthly to
have $20,000 when his son turns 18
4. Your employer has given you the following task: He wants to know how much he has to
invest now to have $10,000 for a new piece of machinery he wants to purchase in 5
years. The bank has quoted him an interest rate of 8% compounded daily.
2. The interest rate you were charged is approximately 4.95% compounded quarterly.
3. Your brother should invest approximately $6,843.06 now at a 10% interest rate compounded monthly to have $20,000 when his son turns 18.
4. Your employer needs to invest approximately $6,660.65 now at an 8% interest rate compounded daily to have $10,000 in 5 years.
1) To find the interest rate, we can use the formula for compound interest:
A = P(1 + r/n)⁽ⁿᵗ⁾
Where:
A = the final amount ($1,194.83)
P = the principal amount ($1,000)
r = the interest rate (unknown)
n = the number of times interest is compounded per year (4 for quarterly)
t = the number of years (2)
Plugging in the given values, we have:
1,194.83 = 1,000(1 + r/4)⁽⁴*²⁾
Simplifying the equation, we get:
1.19483 = (1 + r/4)⁸
Taking the eighth root of both sides, we get:
(1 + r/4) ≈ 1.0495
Solving for r, we find that the interest rate is approximately 4.95%.
3.) We can use the formula for compound interest to calculate the amount needed to be invested:
A = P(1 + r/n)⁽ⁿᵗ⁾
Where:
A = the desired amount ($20,000)
P = the principal amount (unknown)
r = the interest rate (10% or 0.10 as a decimal)
n = the number of times interest is compounded per year (12 for monthly)
t = the number of years (18)
Plugging in the given values, we have:
20,000 = P(1 + 0.10/12)⁽¹²*¹⁸⁾
Simplifying the equation, we get:
20,000 = P(1.008333)²¹⁶
Dividing both sides by (1.008333)²¹⁶, we find:
P ≈ 6,843.06
, your brother should invest approximately $6,843.06 now to have $20,000 when his son turns 18.
4.) We can use the formula for compound interest to determine the required investment amount:
A = P(1 + r/n)⁽ⁿᵗ⁾
Where:
A = the desired amount ($10,000)
P = the principal amount (unknown)
r = the interest rate (8% or 0.08 as a decimal)
n = the number of times interest is compounded per year (365 for daily)
t = the number of years (5)
Plugging in the given values, we have:
10,000 = P(1 + 0.08/365)⁽³⁶⁵*⁵⁾
Simplifying the equation, we get:
10,000 = P(1.000219)¹⁸²⁵
Dividing both sides by (1.000219)¹⁸²⁵, we find:
P ≈ 6,660.65
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a student purchased a used car for $5,000 three months ago. the car now needs a major repair which will cost $2,000. if the student decides to keep the car and make the repair to the car, then the out-of-pocket costs will be: multiple choice question. $5,000 $2,000 $7,000
The out-of-pocket costs for the student, if they decide to keep the car and make the $2,000 repair, will be $7,000.
The initial purchase price of the car was $5,000. However, since the car now needs a major repair that costs an additional $2,000, the total out-of-pocket costs for the student will be the sum of the purchase price and the repair cost: $5,000 + $2,000 = $7,000.
Therefore, if the student chooses to keep the car and proceed with the $2,000 repair, they will have to spend a total of $7,000 in out-of-pocket costs. This includes both the initial purchase price of the car and the additional expense of the major repair.
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deadweight loss occurs when mutually beneficial transactions no longer take place because the tax distorts the prices that buyers pay and sellers receive.T/F
Deadweight loss occurs when mutually beneficial transactions no longer take place because the tax distorts the prices that buyers pay and sellers receive. (True)
Is it true that deadweight loss arises due to price distortions caused by taxes?Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is disrupted by a tax or another market intervention. In a perfectly competitive market, the equilibrium price and quantity are determined by the intersection of the supply and demand curves. When a tax is imposed on either the buyers or sellers, it alters the prices they receive or pay, respectively. This distortion leads to a reduction in the quantity of goods or services traded, resulting in deadweight loss.
The main reason behind deadweight loss is the alteration of prices, which interferes with the natural market forces of supply and demand. Buyers end up paying a higher price due to the tax, while sellers receive a lower price. As a result, some mutually beneficial transactions no longer take place, as the tax makes the transactions less attractive or uneconomical for both parties. This reduction in trade leads to a loss of overall welfare or economic efficiency in the market, which is referred to as deadweight loss.
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Which of the following represents the total number of shares that a corporation may issue under the terms of its charter? A) Authorized shares B) Issued shares C) Unissued shares D) Outstanding shares
Authorized shares refer to the total number of shares that a corporation is allowed to issue according to its articles of incorporation or charter. The Correct option is A
This number is usually stated in the charter and can be changed only by amending it. Authorized shares are important because they determine the maximum number of shares a company can issue to raise capital, and therefore, it affects the potential value of the company's stock. Issued shares refer to the number of shares that have been sold or otherwise distributed to shareholders.
Unissued shares are shares that are authorized but have not been issued or sold to shareholders, while outstanding shares are shares that have been issued and are currently held by investors.
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Which of the following statements is true with regard to our independence? We may apply a materiality threshold when evaluating our independence Independence rules do not apply to non-audit services Independence breaches have serious consequences for individuals and KPMG We are required to be independent of mind only
The statement "Independence breaches have serious consequences for individuals and KPMG" is true with regard to independence. Independence is a fundamental principle in auditing, and violations can have significant repercussions for both individuals and the auditing firm.
Auditing is a systematic examination of an organization's financial records, statements, and processes to ensure accuracy, compliance, and reliability. It involves independent professionals, known as auditors, who assess the financial information and internal controls of an entity to provide an opinion on its fairness and conformity with accounting standards. Auditing plays a critical role in ensuring the integrity and transparency of financial reporting, promoting trust between stakeholders and the entity, and facilitating informed decision-making by users of financial information.
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What two things should be included when summarizing?
1.Numbers
2.Main idea
3.Key points
4.Names
Explain five importance of transport to a business man
Movement of goods, easy movement of labor, price hike control, profit maximization, and assistance in mass production are the five important of transport to a businessman.
What exactly is transportation?The movement of humans, animals, and goods from one location to another is known as transportation (in British English) or transportation (in American English). In other words, transport is defined as a specific movement of an organism or thing from point A (a location in space) to point B.
Air, land (rail and road), water, cable, pipeline, and space are all modes of transportation. The field is divided into three sections: infrastructure, vehicles, and operations. Transport allows people to trade with one another, which is necessary for civilizations to develop.
Fixed infrastructure includes roads, railways, airways, waterways, canals, and pipelines, as well as terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals can be used for both passenger and cargo interchange and maintenance.
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ILL GIvE BRIANLEST PLZZZ HELP
Flowcharting clarifies what will happen in a process or
a. What needs to happen
c. What is predicted to happen at a future date
b. What is estimated to happen
d. None of these Please select the best answer from the choices provided A B C D
Answer:
What is estimated to happen
Explanation:
Flowcharts are created to gather information to determine what will or what could happen.
Answer:
D
Explanation:
Requirements for formal deliverable acceptance and how to address nonconforming deliverables are usually defined in what project artifact?
Requirements for formal deliverable acceptance and how to address nonconforming deliverables are usually defined in the project's quality management plan.
A crucial component of project quality management is understanding the conditions for formal deliverable acceptance and how to handle nonconforming deliverables. The quality management strategy for the project will typically define these elements. The quality management plan is a formal document that defines how the project will assure quality and what processes, procedures, and instruments will be utilised to make sure that the outputs match the established quality requirements.
In this plan, the quality assurance and control procedures are described, along with how nonconforming deliverables will be handled and what remedial measures will be done to deal with any problems that may occur. The plan also specifies the requirements that a deliverable must satisfy to be deemed full and acceptable.
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Payment dates on march 25, the following invoices were issued for a $500 pur- chase on credit. indicate the meaning of each credit term. a. 2/10 net 30 date of invoice. b. 2/10 net 40 eom. c. 2/10 net 20 eom. d. 2/10 net 60 date of invoice.
The credit terms listed in this question refer to discounts that can be applied to the $500 purchase if paid within a certain timeframe.
a. 2/10 net 30 date of invoice means that the buyer can receive a 2% discount if payment is made within 10 days of the invoice date, and the full amount is due within 30 days.
b. 2/10 net 40 eom means that the buyer can receive a 2% discount if payment is made within 10 days of the invoice date, and the full amount is due within 40 days after the end of the month in which the invoice was issued.
c. 2/10 net 20 eom means that the buyer can receive a 2% discount if payment is made within 10 days of the invoice date, and the full amount is due within 20 days after the end of the month in which the invoice was issued.
d. 2/10 net 60 date of invoice means that the buyer can receive a 2% discount if payment is made within 10 days of the invoice date, and the full amount is due within 60 days.
Overall, these credit terms provide incentives for the buyer to pay the invoice promptly, which can benefit both the buyer and seller.
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According to the video, which activities are Executive Secretaries and Administrative Assistants likely to do? Check all that apply. Supervise office staff, prepare presentations, conduct research, create a budget, file paperwork, greet visitors
Answer: supervise office staff
Prepare presentations
Conduct research
Explanation:
Answer:
Answer: supervise office staff
Prepare presentations
Conduct research
Explanation:
You go to buy a boat and the advertised loan interest rate is
7.72% compounded monthly for 5 years. What is the
nominal interest rate?
The nominal interest rate is the interest rate that is advertised or stated, without taking into account compounding. In this case, the nominal interest rate is 7.72%.
However, it is important to note that the effective interest rate, or the actual amount of interest you will pay over the course of the loan, will be higher than the nominal rate due to the compounding of interest. The effective interest rate can be calculated using the formula:
Effective interest rate = (1 + nominal interest rate / number of compounding periods) ^ number of compounding periods - 1
In this case, the effective interest rate would be:
Effective interest rate = (1 + 0.0772 / 12) ^ 12 - 1 = 0.0804 or 8.04%
So, while the nominal interest rate is 7.72%, the effective interest rate is 8.04%.
It is important to be aware of both the nominal and effective interest rates when taking out a loan, as they will both impact the amount of interest you will pay over the course of the loan.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUCompare and contrast the benefits associated with market and command economies
How might mixed economy acquire similar benefits?
Answer:
A mixed economic system has features of both a command and a free-market system.because it is partly controlled by the government and partly based on the forces of supply and demand. Most of the main economies in the world are now mixed economies, which operate under a combination of socialism and capitalism, and governments in most mixed economies use fiscal or monetary policies to stimulate growth during economic slowdowns. This may come in the form of corporate bailouts, changes in interest rates, or other stimulus packages.
The Treasury yield curve is a graph which plots Treasury yields against which one of the following?
A. corporate bond yields
B. Fed funds rate
C. maturities
D. inflation rates
E. S&P 500 yield
if a manager makes a request to his or her employee and the employee thinks that the manager has no right to make that request, then the request falls outside the employee's:
If a manager makes a request to their employee, and the employee thinks that the manager has no right to make that request, then the request falls outside the employee's scope of authority.
The scope of authority refers to the range of responsibilities, duties, and decision-making power that an individual has within an organization. It determines what tasks an employee is authorized to perform and what decisions they are authorized to make.
Any request made by a manager that falls outside the employee's scope of authority can be considered inappropriate or unreasonable, and it is important for employees to understand their scope of authority to ensure that they are not being asked to perform tasks or make decisions that are beyond their role and responsibilities.
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As a branch of study economics is said to be central to national planning discuss
Economics teaches you how to think more critically and influence judgments in order to get the best possible conclusion.
Economics has a part in our daily lives. Understanding previous, future, and current models allows us to apply them to society, governments, enterprises, and people.
Economics Assistance gives numerous examples about when economics is used, such as coping with manufactured goods shortages, establishing how prosperity is divided and redistributed throughout society, and evaluating the amount to which the government must engage in the economy utilizing concepts and measurements.
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.Un capital de$ 8.000.000 a un interés de 4% en 6 meses
.Un Capital de $20.000.000 a un interés del 7% en un año
.Un capital de $3.000.000 a un interés del 5% en 8 meses
Usted obtiene un préstamo de $5.000.000 para pagar en 6 meses con
un interés del 4% mensual. Cuanto debe cancelar al finalizar el plazo?
(Capital más intereses)
Answer:
9754846u4t4
Explanation:
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an advertiser wants to get a high-level view of how all of their campaigns are performing. which level of ads manager should they view to see these results?
The answer is Ad account level, is the level of ads manager they should view to see these results.
The advertiser's function is what.Forcing an audience to purchase a good or service is the responsibility of those who work in advertising. Advertising for a company's clients, advertisements for the company they work for, or both may be created by these individuals.
In marketing, what does an advertiser do?A business, group, or person who purchases advertising time or space in order to convey a message or persuasive advertisement to the public is known as an advertiser. Its origins can be traced back to the Latin verb annunciare, which meaning to make known or proclaim a news item.
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Berta worked to olve a ytem of equation. 4x y = –5
x – y = –5
Step 1: ???
Step 2: x = –2
Step 3: 4(–2) y = –5
Step 4: –8 y = –5
Step 5: y = 3
Berta determined that the olution i (–2, 3). Which could have been the equation Berta found in tep 1?
4x = 0
5x = 10
5x = –10
5x = –25
Since the solution is (–2, 3), the equation in step 1 should be 5x = –10.
Methods for solving a system of equations- substitution
- graphing
- elimination
In this problem, the first equation is given, that is:
4x + y = –5
Step 1 contains the second equation but we don't know yet.
In step2, we get x = –2 as a result of step 1.
The equation that is satisfied by x = –2 should be:
5x = –10
Since if substitute x = –2 into the equation:
5(–2) = –10
which is correct.
Hence, the system of equation consists of two equations:
4x + y = –5 ..... (equation 1)
5x = –10 ........ (equation 2)
We can check the solution that Berta found: (–2, 3).
Substitute x = –2 and y = 3 into equation 1:
4(–2) + 3 = –5
–8 + 3 = –5
Hence, our equations and the solution are correct.
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the mean price of suv in the region is $45,000. a test is conducted to see if the claim is true. how do you write the alternative hypotheses?
To address this question about writing the alternative hypotheses for the claim that the mean price of SUVs in the region is $45,000, you need to consider two possibilities.
The null hypothesis (H0) states that there is no significant difference between the observed and expected values. In this case, it would be:
H0: μ = $45,000
The alternative hypothesis (H1) is the opposite of the null hypothesis, suggesting that there is a significant difference between the observed and expected values. In this case, you can consider two possibilities:
1. H1: μ ≠ $45,000 (two-tailed test, where the mean price can be either higher or lower than $45,000)
2. H1: μ > $45,000 or H1: μ < $45,000 (one-tailed test, where you only look for the mean price being either higher or lower than $45,000, respectively)
Choose the appropriate alternative hypothesis based on the objective of your study.
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Which of the following statements is true about mortgages?
A. The adjustable mortgage has an adjustable term of years but
fixed interest rate.
B. The adjustable mortgage has adjustable rates over a set amount
of time.
C. The fixed mortgage has a fixed term of years but adjustable
interest rate.
D. The fixed mortgage has an adjustable interest rate over a set time.
The statement true about mortgage is B. adjustable mortgage has adjustable rates over a set amount of time.
A mortgage is basically a pact or agreement between the person who is providing a loan in the form of money and the person taking the loan in the form of money. It includes that if you fail to return the amount the lender has all the rights by which they can take away your property that you have submitted as a security deposit in form of property papers.
There are two types of mortgages on the basis of interest rates first is adjustable mortgages which has adjustable rates of interest through a fixed period of time. On the other hand is fixed mortgages which means there is a fixed rate of interest for a fixed period of time.
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Consider the following table:
Scenario Probability Stuck Fund Bond Rate Return of Fund Return of Fund
Severe recession 0.10 -39% -12%
Mild recession 0.20 -19% 18%
Normal growth 0.40 24% 11%
Boom 0.30 29% -8%
a.) Calculate the values of mean return and variance for the stock fund.
Hint: Use a weighted average of the scenario and the stock fund rate of return for each scenario to get the mean return. Use the formula and example in the chapter six slides to calculate the variance between the stock and bond funds.
b.) Calculate the value of the covariance between the stock and bond funds.
Hint: Use the formula and example in the chapter six slides to calculate the covariance between the stock and bond funds
a.) To calculate the mean return of the stock fund, you can use the weighted average of the scenario and the stock fund rate of return for each scenario.
The formula for the weighted average is as follows:
Mean = (P1 x R1) + (P2 x R2) + ... + (Pn x Rn), where P is the probability of the scenario, and R is the stock fund rate of return for each scenario.
In this case, the mean return of the stock fund would be calculated as follows:
Mean = (0.10 x -39%) + (0.20 x -19%) + (0.40 x 24%) + (0.30 x 29%) = 7.1%.
The variance between the stock and bond funds can be calculated using the following formula:
Variance = (P1 x (R1 - E1)2) + (P2 x (R2 - E2)2) + ... + (Pn x (Rn - En)2), where P is the probability of the scenario, R is the stock fund rate of return for each scenario, and E is the bond fund rate of return for each scenario.
In this case, the variance would be calculated as follows:
Variance = (0.10 x (-39% - (-12%))2) + (0.20 x (-19% - 18%)2) + (0.40 x (24% - 11%)2) + (0.30 x (29% - (-8%))2) = 45.7%.
b.) To calculate the covariance between the stock and bond funds, you can use the following formula:
Covariance = (P1 x (R1 - E1)(R1 - E1)) + (P2 x (R2 - E2)(R2 - E2)) + ... + (Pn x (Rn - En)(Rn - En)), where P is the probability of the scenario, R is the stock fund rate of return for each scenario, and E is the bond fund rate of return for each scenario.
In this case, the covariance would be calculated as follows:
Covariance = (0.10 x (-39% - (-12%))(-39% - (-12%))) + (0.20 x (-19% - 18%)(-19% - 18%)) + (0.40 x (24% - 11%)(24% - 11%)) + (0.30 x (29% - (-8%))(29% - (-8%))) = -0.95%.
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in 2022, linkedin introduced which two new ways for brands to grow and strengthen their communities?
LinkedIn unveiled two new strategies in 2022 to help businesses and pages expand and enhance their communities: articles for pages and newsletters for companies.
The largest professional network on the internet is called LinkedIn. LinkedIn can help you locate the ideal job or internship, establish and deepen professional connections, and get the knowledge you need to further your career. LinkedIn's goal is to connect professionals worldwide in order to increase their productivity and success. We who we are? On May 5, 2003, co-founder Reid Hoffman formally established LinkedIn, which had its origins in Hoffman's living room in 2002. A robust job search feature on LinkedIn may locate jobs all across the world. Then, you may filter these outcomes by business, amount of expertise, and other criteria.
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Which of these statements about a business plan is true?
A. Businesses do not need to document a business plan.
B. Established businesses do not create a business plan.
C. A business plan is a business’s roadmap for the future.
D. A business plan guarantees a business’s success.
Answer:
The correct answer would be option C, A business plan is a business's road map for the future.
Explanation:
A business plan is basically a written document, in which the goals of the company are written down. The methods to achieve those goals are also written down and the time to achieve the goals are specified. Goals with timelines and deadline are written. This helps a business in setting up a road map to move towards the set goals of the company. Established businesses always create and follow business plans as business plans guarantee a business's success.
Answer: C. A business plan is a business’s roadmap for the future.
what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
who manages the big picture and strategies for corporations, and who manages the day-to-day affairs of a corporation?
It is the CEO's responsibility to implement the Board's decisions and initiatives, and with the support of senior management, to keep the company running smoothly. In many cases, the CEO is also appointed president of the company, so he is one of the in-house directors on the board.
What does corporation mean?A corporation is a legal entity exists in a distinct legal relationship from its owner. Corporations are given many of the same legal rights and obligations as people. They have legal rights to sign contracts, make loans and take loans, sue and be sued, hire staff, own property, and pay taxes.
How do you build your corporation?A corporation can have many structures, but the typical structure is (1) Board of Directors, (2) Officers, (3) Employees, and (4) Shareholders or Owners. There is no limit to how much your corporation can have.
What are types of corporate strategy?There are following types of corporate strategies:
Stabilize, combine, save, expand strategies. Business strategy differs from business strategy because it surrounds and focuses on a particular entity.
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What is the Brain Drain Phenomenon and how does it impact developed and developing nations?.
Brain drain is the emigration of people who are favorably proficient or competent in their domain of study.
What is the brain drain phenomenon?Brain drain is defined as the emigration of people who are positively experienced or trained in their occupation of investigation.
The avoidance of these groups of experienced professionals may be due to adequate living situations or higher salary.
The effects of Brain drain on producing countries are countless, but it is better on the opposing side.
The phenomenon has generated a baneful influence on developing countries, mainly in Africa.
As these qualified individuals travel to developed countries, they become more affluent and the developing countries become more deficient.
In emerging countries, this has resulted in a lack of innovation and industrial progress, as well as economic instability, which leads to unemployment, political instability, a loss of education investment, tax income, and a shortage of trained personnel.
Therefore, the brain drain phenomenon impacted the economy in a very negative way.
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A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid. Place "Mean" and "Std Dev" in column A in rows 1 and 2, respectively, and place their corresponding values in column B. Place the column headers "Bid 1", "Bid 2", and so on out to "Bid 10" in cells C1, D1, and so on out to L1, respectively. To generate random numbers for the first bid, in the cells in the "Bid 1" column, enter the formula =NORM.INV( RAND() ,\$B\$1,\$B\$2) in the cells in column C below C1. To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1. To determine the winning bid for the bids in row 2, enter the column header "Winner" in cell M1, and enter the formula =MIN( C2: L2 ) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers. set of winning bids. The mean of the distribution of minimum bids will be ∣ distribution of minimum bids will be the mean of the distribution of all bids, and the standard deviation of the will be
A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid.Mean and Std Deviation are given values for the distribution of bids from ten contractors.
The mean of minimum bids equals the mean of all bids and the standard deviation of minimum bids equals that of all bids.Using the given data, the formula for generating random numbers for the first bidis`=NORM.INV(RAND(),$B$1,$B$2)` in the cells in column C below C1.To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1.The formula for determining the winning bid for the bids in row 2 is =MIN(C2:L2) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers.The mean of the distribution of minimum bids will be $3.6 million, and the standard deviation of the distribution of minimum bids will be equal to that of the distribution of all bids.
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