Answer:
The answer is below
Explanation:
The Empirical Rule (or 3 sigma rule) states that for a normal distribution (bell shaped distribution) 68% of the data falls within one standard deviation (μ ± σ), 95% percent within two standard deviations (μ ± 2σ), and 99.7% within three standard deviations from the mean (μ ± 3σ).
Given that the mean (μ) = $1400, standard deviation (σ) = $200
a) The percentage of data within one standard deviation = μ ± σ = (1400 ± 200) = (1200, 1600)
Hence 68% of the land are between $1200 and $1600.
Number of farms = 68% × number of sample = 0.68 × 74 = 50.23 ≈ 51 farms
b) For an additional 29 farms, the number of additional farms between $1200 per acre and $1600 per acre = 29 × 0.68 ≈ 20 farms
a)The land is between $1200 and $1600. The number of farms is 51, b. The number of additional farms between $1200 per acre and $1600 per acre is 20 farms.
According to the Empirical Rule (or 3 sigma rule), for a normal distribution (bell shaped distribution), 68% of the data falls within one standard deviation (ut o), 95% fall within two standard deviations (u 20), and 99.7% fall within three standard deviations (+30). Given that the mean () is $1400 and the standard deviation () is $200,
a) The percentage of data within one standard deviation=uo=(1400+ 200) (1200, 1600)
Hence 68% of the land are between $1200 and $1600. Number of farms- 68% x number of sample - 0.68 74 50.23 51 farms
b) For an additional 29 farms, the number of additional farms between $1200 per acre and $1600 per acre- 29 x 0.68 = 20 farms.
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informal organizations arise spontaneously as people associate with one another
Answer:
If this is a true/false then I would say true.
Q: Is there an emergency dentist available in Wednesbury?
Yes, there is an emergency dentist available in Wednesbury.
Where is Wednesbury?Wednesbury is a town located in the West Midlands county of England, United Kingdom. It is situated approximately 9 miles east of Wolverhampton and 4 miles northwest of Birmingham.
Wednesbury is part of the metropolitan borough of Sandwell and is surrounded by other towns such as Walsall, West Bromwich, and Tipton.
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Simone founded her company using of her own money, issuing herself shares of stock. An angel investor bought an additional shares for . She now sells another shares of stock to a venture capitalist for million. What is the post-money valuation of the company
Answer:
C) $2,400,000
Explanation:
Here is the complete question
Simone founded her company using $200,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 500,000 shares of stock to a venture capitalist for $1.5 million. What is the post-money valuation of the company?
A) $1,200,000
B) $1,320,000
C) $2,400,000
D) $3,600,000
company's value = value per share x total shares
Value per share = total purchasing price / total shares sold
$1.5 million / 500,0000 = $3
Total shares = 500,000 + 200,000 + 100,000 = 800,000
company's value = 800,000 x $3 = $2,400,000
You are a medical records clerk working in the HCM department of a major hospital in your area. You over hear a co-worker on the phone stating that they have found a phone number and address of a patient and it appears to be a personal call. Explain the laws that may have been violated in the discussion background. Support your answer with evidence.
In the scenario described, it appears that a co-worker may have violated patient privacy laws by accessing and disclosing personal information for personal purposes.
As a medical records clerk, maintaining patient confidentiality and adhering to privacy laws is of utmost importance. The laws that may have been violated in this situation include:
1. Health Insurance Portability and Accountability Act (HIPAA): HIPAA is a federal law in the United States that protects the privacy and security of patients' health information. It prohibits unauthorized access, use, and disclosure of individually identifiable health information. The unauthorized use of a patient's phone number and address for personal reasons without a legitimate work-related purpose would likely violate HIPAA.
2. Confidentiality Laws: Many jurisdictions have laws that protect patient confidentiality and require healthcare professionals to maintain the privacy of patient information. These laws are in place to ensure that patients' personal information is not disclosed without their consent or a legally valid reason. Sharing a patient's phone number and address without a legitimate professional reason could be a breach of these confidentiality laws.
3. Professional Code of Ethics: Healthcare professionals, including medical records clerks, are bound by professional codes of ethics that require them to protect patient privacy and maintain the confidentiality of medical information. Violating these ethical obligations can result in disciplinary action and damage the trust between healthcare providers and patients.
It is important to note that the specific laws and regulations may vary depending on the jurisdiction. However, the general principles of patient privacy and confidentiality remain consistent. It is crucial for healthcare professionals to be aware of and comply with these laws to protect patient privacy and maintain the integrity of the healthcare system.
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Division of work means that similar activities in an organization should be grouped together under one manager.
Answer:
True.
Explanation:
Division of work is the act of "dividing the work equally among a group of people."
Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. During the current year, a new inventory layer at base-year retail prices was added in the amount of:__________ (round your answer to the nearest dollar amount)
Answer:
$27,273
Explanation:
Calculation for the new inventory layer at base-year retail price
Using this formula
New inventory layer at base-year retail prices=(Ending inventory at current-year retail prices/Current-year price index) - Beginning inventory at retail
Let plug in the formula
New inventory layer at base-year retail prices=($250,000/1.10) - $200,000
New inventory layer at base-year retail prices=
$227,273 - $200,000
New inventory layer at base-year retail prices=$27,273
Therefore During the current year, a new inventory layer at base-year retail prices was added in the amount of: $27,273
Explain the term "Business Plan" with relevant examples.
ontent of business plan
Fill in the blanks to complete the sentence about the law of increasing opportunity cost. Drag word(s) below to fill in the blank(s) in the passage. According to the law of increasing opportunity cost, as a society______more and more of a certain good, further production_______ involve ever-greater opportunity costs, so that producing the good is associated with greater and greater________
Answer and Explanation:
The law of increasing opportunity cost refers to the law in which the way of increasing the opportunity cost described at that case when there are applied resources
Now
If the cost of opportunity rises as per the law, the society produced more and more goods i.e. certain further the production rises and also involved the ever greater cost of opportunity with greater and greater trade offs or opportunity cost
Is it possible that a person might me an ffective leader in one situation but not another.explain
Marco Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $89,000.
Raw materials purchases in April are $550,000, and total factory payroll cost in April is $386,000.
Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $650,000 cash in April.
Required:
1. Determine the amount of overhead applied to each job in April.
The determination of the amount of the overhead applied to each job in April based on the predetermined overhead rate of 50% of direct labor cost for Marco Company is as follows:
Job 306 Job 307 Job 308
Overhead applied in April $52,000 $77,500 $51,500
What is overhead allocation?Overhead allocation is the process of assigning overhead costs to jobs or units of products.
Some companies use the predetermined overhead rate, which is a companywide (departmental) rate while others use the ABC overhead rates, which are based on the activity levels.
Data and Calculations:Overhead allocation = 50% of direct labor cost
Job 306 Job 307 Job 308
Direct labor used $104,000 $155,000 $103,000
Overhead applied in April $52,000 $77,500 $51,500 ($103,000 x 50%)
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briefly explain how the decision support system resolved the problems experienced by the railways
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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Stephen and Martha have spent months looking for their dream home. One day they saw it and fell in love with everything about the house, and they asked the realtor to draw up a purchase agreement, which they then signed. After signing the papers, they asked the realtor whether the house was in good shape. The realtor said it was. When the couple moved into the house, they realized that the basement had serious water problems and that the roof leaked. They now want to sue the realtor. What tort should they consider? If they sue the realtor for this tort, will they win? Why or why not? Explain.
Stephen and Martha can sue the realtor for the unethical behavior, by filing the claim with the association.
What claim can be file by the buyers against of the realtors for the unethical behavior?If buyer is handover with the property by giving the false statements by the realtors, then a complaint can be filled within 180 days from the day, it took place.
If complaint would be find valid by the grievance committee, the case will go to the hearing committee where the buyer can prove his claim by telling how Code of Ethics was violated.
If realtor found to be guilty, then he could be charged with the fine.
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The sales representative for a manufacturer of a new product claims that the product will increase output per machine by at least 29 units per hour. A line manager installs the product on 15 of the machines, and finds that the average increase was only 26 with a standard deviation of 6.2. What are the appropriate null and alternative hypotheses?
The null and the alternative hypothesis will be u = 29 and H1: u > 29.
What is a null hypothesis?A null hypothesis simply means the hypothesis that propose that there's no difference between the characteristics in the population.
In this case, the null and the alternative hypothesis will be u = 29 and H1: u > 29.
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Prompt
What is a budget?
Answer:
A budget is a certain amount of money that you can spend
Explanation:
Which of the following is the best example of an ethical statement?
WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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We are a food export company in China (Company A), and signed a contract of sale with an import company (Company B) in the United States in April 2018.
(1) The export goods are total 100 boxes. The volume of each box is 30cm*60cm*50cm, and gross weight is 40 kg per box. The original price of each box is $200 per ton FOB Shanghai. However, the company B asked to change the price in CFR New York price. Check the freight schedule to learn that the goods are 9 levels. The charging standard is W/M, and the basic freight rate is $20 per freight ton. In addition, fuel surcharge of 20%, port surcharge 20%, currency depreciation surcharge of 10%. Please try to calculate the CFR New York price. (20 points).
Answer:
The total CFR New York price is $1880.
Explanation:
To calculate the CFR New York price, you need to add the cost of the freight to the FOB Shanghai price.
First, you need to calculate the total weight of the goods in tons. Since the gross weight of each box is 40 kg, and there are 100 boxes, the total weight of the goods is 100 boxes * 40 kg/box = 4000 kg. Since 1 ton is equal to 1000 kg, the total weight of the goods in tons is 4000 kg / 1000 kg/ton = 4 tons.
Next, you need to calculate the basic freight rate. Since the basic freight rate is $20 per freight ton, and the goods are 9 levels, the total basic freight rate is $20/ton * 9 levels = $180.
Next, you need to calculate the fuel surcharge. The fuel surcharge is 20% of the basic freight rate, so the fuel surcharge is $180 * 20% = $36.
Next, you need to calculate the port surcharge. The port surcharge is also 20% of the basic freight rate, so the port surcharge is $180 * 20% = $36.
Next, you need to calculate the currency depreciation surcharge. The currency depreciation surcharge is 10% of the basic freight rate, so the currency depreciation surcharge is $180 * 10% = $18.
Finally, you can add all of these costs to the FOB Shanghai price to calculate the CFR New York price. The FOB Shanghai price is $200 per ton, and the total freight costs are $180 + $36 + $36 + $18 = $270. Therefore, the CFR New York price is $200/ton + $270/ton = $470/ton. Since there are 4 tons of goods, the total CFR New York price is $470/ton * 4 tons = $1880.
What is the diagnostic phase of a sales meeting called?
O implementation
O gaining attention
O call to action
O needs assessment
The diagnostic phase of a sales meeting is called "needs assessment".
What happens in the diagnostic phase?During this phase, the salesperson focuses on understanding the customer's specific needs and requirements.
This involves asking questions and actively listening to the customer's responses in order to gain a deeper understanding of their situation and identify potential solutions that the salesperson can offer.
By conducting a thorough needs assessment, the salesperson can tailor their presentation and recommendations to meet the customer's specific needs and ultimately increase the likelihood of closing the sale.
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Perfectly competitive firms will: increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost. increase output up to the point that the marginal revenue of an additional unit of output is greater than the marginal cost. always attempt to minimize average variable cost. maximize total revenue by using the marginal decision rule.
Answer:
increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Perfectly competitive firms always strive to maximize profits by increasing their level of output, such that P = MC.
In a nutshell, in the long run equilibrium P = MR = MC.
Where;
P is the profit.
MR is the marginal revenue.
MC is the marginal cost.
Suppose that a person's wealth is $ and that her yearly income is $. Also suppose that her money demand function is given by: Calculate the demand function for bonds, . = nothing nothing( nothing) Suppose the interest rate increases by percentage points. As a result, the demand for bonds ___________. A. remains unchanged. B. decreases by $. C. decreases by %. D. increases by $. In view of the above demand functions for money and bonds, one can conclude that an increase in wealth increases ____________.
Answer:
50,000 - 60,000( 0.25 - i)C. increases by $ 6,000A. the demand for bonds but has no effect on the demand for moneyExplanation:
1. Demand for bonds is the difference between a person's wealth and their demand for money.
Demand for bonds = W - Md
= 50,000 - 60,000( 0.25 - i)
2. Assuming an interest rate of 0%.
Demand for bonds = 50,000 - 60,000( 0.25) = $35,000
Interest increases by 10%
Demand for bonds = 50,000 - 60,000( 0.25 - 0.1) = $41,000
Difference = 41,000 - 35,000 - $6,000
3. There is no provision in the money demand formula for wealth but there is in the demand for bonds formula. This means that if wealth increases, demand for bonds will increase as well but there will be no change in demand for money.
Define unemployment.
Answer:
Unemployment means when you do not have a job
Explanation:
It means this because when you DO have a job you are Employed or you're an Employee, so the opposite would be unemployed
I am better at my job than most of the other people who have the same job title agree or disagree
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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The inventory turnover ratio is representative of which of the following: A measure of how effectively the firm is managing its inventory. The number of times inventory is sold and restocked during the year. The total value of all inventory sold. The number of times that accounts receivable is turned over during the year. Choices a and b only (answers 1 and 2) All of the above.
Answer:
Choices a and b
Explanation:
It is a representative of:
A measure of how effectively the firm is managing its inventory and The number of times inventory is sold and restocked during the year
The Inventory turnover is a ratio showing how many times a company has sold and restocked it's inventory during a given period of time.
Inventory turnover can help a firm manage it's inventory through making better decisions on pricing manufacturing, marketing and purchasing new inventories.
We calculate this by dividing the cost of goods sold by average inventory.
what is it you would want to find in a friend
A Loyalty
B Kindness
C Intelligence
D Braveness
Answer: Loyalty
Explanation: I would want a loyal friend because in all sorts of situations they will be there for you, even if they are not intelligent or kind, they are still your friend and would stand up for you, be there at your lowest, but sometimes you have to return the favor.
if you have 15000 today amd you want to have 16000 next year, what interest rate would you want to have to earn on your money over the one year period?
The interest rate might you won't earn on your money over the one-yr length interest = P x R x N.
Right here's the simple interest formula: hobby = P(15000) x R x N. P = essential amount (the start stability). R = interest price (16000-15000)(typically in line with 12 months, expressed as a decimal). N = wide variety of time periods (generally one-12 months time periods).]
An interest rate tells you the way high the value of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest fee is the amount you're charged for borrowing cash, shown as a percent of the overall amount of the mortgage.
in the case of cash you own, such as a financial savings account, interest is the quantity you earn while you permit a person else to use or keep your funds. for instance, if you borrow $5,000 at an easy interest price of 3% for five years, you may pay a total of $750 in the hobby. The method for the simple hobby is A = P (1 + rt).
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Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,200; Prepaid Rent, $6,700; Accounts Payable $3,600; Common Stock, $33,000; Service Revenue, $24,700; Salaries Expense, $7,500; Accounts Receivable, $5,400; Land, $53,000; Deferred Revenue, $1,950; Retained Earnings, $21,250; Supplies Expense, $8,700. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.
Answer:
Trial Balance
Debit Credit
Land 53000
Accounts Receivable 5400
Cash 3200
Prepaid Rent 6700
Accounts Payable 3600
Deferred revenue 1950
Common Stock 33000
Retained earnings 21250
Service Revenue 24700
Salaries expense 7500
Supplies expense 8700
Totals 84500 84500
Explanation:
The trial balance has been made in the answer section.
when authorizing bonds to be issued, the board of directors does not specify the group of answer choices contractual interest rate. total number of bonds authorized to be sold. selling price. total face value of the bonds.
This contractual interest rate is just not specified by the board of managers when sanctioning the issuance of bonds.
How do interest rates work?An risk premium indicates how expensive borrowed is or how lucrative saving is. Therefore, if you are a consumer, the annual rate represents the amount you pay for borrowing money and is expressed as a portion of the total loan.
What is an example of an interest rate?For instance, if your borrowed $100 at 5% interests, your repayment to the lender will be $105 euros. The money lender could profit $5. The true yields to a financier or investor, as well as the actual cost of the money to a borrower. A rate of incentive represents the pace at which current things are preferred over alternative products over period.
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What are two ways that database software makes numeric data storage and use easy and fast?
Numeric Records Storage and Retrieval are the two ways that database software makes numeric data storage and use easy and fast.
The satisfactory software program to create a relational database is accessed, which makes managing statistics smooth. the program combines a visible database with the power of a relational database. A database is a prepared collection of established facts, or statistics, commonly saved electronically in a pc device.
A database is an organized collection of information saved and accessed electronically. Small databases may be saved on a reporting system, whilst huge databases are hosted on laptop clusters or cloud garages.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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Explain right to be heard with examples
The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.
What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.learn more about the right to be heard
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