There are several sources of fashion including ;
Historical and cultural influencesIndividual creativity and expressionWhere does inspiration for fashion come from ?Fashion is deeply entrenched in intertwining cultural and historical eras, as evident from a diversity of global traditional attires and fabrics through to periods like the Victorian-age or 1960s influencing modern fashion.
Similarly, fashion serves as an avenue of expressing an individual's distinct taste and persona; popular figures such as celebrities and those in the media often shape up trends which people adapt accordingly.
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Richard is a wealthy and successful businessman who is well known for financing many successful start-ups. He has earned a sizable amount of profit by providing capital to start-ups in return for a share of their profits. In the given scenario, which of the following statements is true of Richard?
Richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings.
Why did Richard decide to start his own business?Richard is unambitious and prefers spending most of his time by himself. His colleagues consider him aloof and insecure. He finds it difficult to work under high pressure and often blames his colleagues. According to the Big Five personality dimensions, Richard's personality is low in agreeableness.
Uber Technologies was founded in 2009 and quickly rose to become the world's most valuable startup. The company has now acquired several of its competitors in various industries, including Lime and Postmates. What began as a solution to a widespread problem turned out to be an absolute goldmine for the entrepreneurs who made it possible. 1. Airbnb (Pinterest)
Airbnb is without a doubt one of the most inspiring startup success stories.
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Which of the following survey response methods is the most difficult for researchers to code for evaluation:
Answer:
No options are given, but the most commonly used survey response methods are:
Multiple choice questions = generally easy to codeRating scale questions = also easy to code, since response scales have a finite number of choices, e.g. 2 true/false, 3 agree/disagree/undecided, 5 very bad/bad/fair/good/excellent Matrix questions. = are a little bit more complex since they involve several rating scale questions, but it is not something difficult eitherDropdown questions. = similar to multiple choice questionsOpen-ended questions. = this are hard to code since each subject can respond different things, e.g. the thing that I like the most about this project is bla, bla, bla. There are no pre-set answers given to the subjects. THIS TYPE IS THE MOST DIFFICULT TO CODE.Demographic questions = similar to multiple choiceRanking questions = similar to scaled questions"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims
Which action is an example of the United States using economic influence as a tool of foreign policy?
Answer:
Econimy Can use alot of help by influencing more things for their city.
Explanation:
Is there an option tho?
As a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The best estimate Mooch can come up is that the dividends for GE will be $.55 and then $.605 for the next two years, with steady state annual growth rate of 10 percent thereafter. What required return per year for the common stock of GE must be?
If as a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The required return per year for the common stock of GE must be is 5%.
How to find the required return?Let make use of Gordon Growth Model to calculate the required return per year for the common stock of GE.
Gordon Growth Model formula:
Required return = D1 / (P0) + g
Where:
D1 = next year's dividend = $.55
P0 = current price of the stock = $11
g = steady state growth rate of dividends =10%
Let plug in the formula
Required return = $.55 / ($11) + 0.10
Required return = 5%
Therefore the required return per year for the common stock of GE is 5%.
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Create a WBS for one of the following projects: • Introducing self-checkout registers at your school’s bookstore • Providing a new Internet cafe onsite at your organization • Developing an app that you and a friend will create and sell online within three months • Earning your CAPM or PMP certification Decide on all of the Level 2 categories for the WBS. Use your choice of software to create a WBS in chart form and as tasks in a Gantt chart. Do not enter any durations or dependencies. Be sure to include all of the deliverables and work required for the project. Make notes of questions you had while completing this exercise.
Create a WBS for one of the following projects:
- Introducing self-checkout registers at your school’s bookstore
- Providing a new Internet cafe onsite at your organization
- Developing an app that you and a friend will create and sell online within three months
- Earning your CAPM or PMP certification
Decide on all of the Level 2 categories for the WBS. Use your choice of software to create a WBS in
chart form and as tasks in a Gantt chart. Do not enter any durations or dependencies. Be sure to include
all of the deliverables and work required for the project. Make notes of questions you had while
completing this exercise.
2. Consider the table below. All duration estimates or estimated times are in weeks, and the network
proceeds from node 1 to node 8.
a. Draw an AOA network diagram representing the project. Put the node numbers in circles and
draw arrows from node to node, labelling each arrow with the activity letter and estimated time.
b. Identify all of the paths on the network diagram and note how long they are, using the example
in the lecture slides and readings.
c. What is the critical path for the project and how long is it?
d. What is the shortest possible time needed to complete this project?
Activity Initial Node Final Node Estimated Duration
A 1 2 10
B 1 3 12
C 1 4 8
D 2 3 4
E 2 5 8
F 3 4 6
G 4 5 4
H 4 6 8
I 5 6 6
J 5 8 12
K 6 7 8
L 7 8 10
Project management's work breakdown structure (WBS) is a technique for finishing a challenging, multi-step project. WBS can be reviewed by the help of critical path analysis.
What is Critical Path Analysis?A project management & review technique often known as "critical path analysis" is structure outlines all of the actions required to complete a given task, the time required to complete each activity, and the interconnections between the activities.
The longest series of tasks that must be finished in order to finish a project is obtained with help of critical path in a project management. The critical path tasks are referred to as significant activities because if they are delayed, the project as a whole will be delayed & cost will arise.
Therefore in large working corporates work breakdown structure can be undertaken with the help of Critical Path Analysis.
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Centrum Services purchased $4,400 worth of equipment. The equipment has an estimated useful life of seven years and a salvage value of $200. Using the straight-line method, the depreciation for the first month is:
Using the straight-line method, the depreciation for the first month is: $50
Using this formula
Depreciation=(Cost -Salvage value) /Useful life
Where:
Cost=$4,400
Salvage value=$200
Useful life=7 years
Let plug in the formula
Depreciation=[($4,400-$200)/7]×1/12
Depreciation=($4,200/7)×1/12
Depreciation=$600×1/12
Depreciation=$50
Inconclusion Using the straight-line method, the depreciation for the first month is: $50
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Week 6: Lab Assignment Information—Introduction to R
R is a powerful programming language and software environment commonly used for statistical analysis, data visualization, and data manipulation.
Syntax and Data Structures: R has a straightforward syntax that allows you to perform operations on data. It supports various data structures such as vectors, matrices, data frames, and lists, which provide flexibility in handling and analyzing data.
Packages: R has a vast collection of packages developed by the R community, which extend the functionality of the base R system. These packages offer specialized functions and tools for specific tasks, such as data manipulation, machine learning, and visualization.
Data Import and Manipulation: R provides functions to import data from various file formats such as CSV, Excel, and databases. The read.csv() and read.xlsx() functions are commonly used for data import. R also offers powerful tools like dplyr and tidyr for data manipulation, transformation, and cleaning.
Data Visualization: R offers several packages for creating high-quality visualizations. The most commonly used package is ggplot2, which provides a grammar of graphics approach for creating customized plots.
Statistical Analysis: R is widely used for statistical analysis. It provides a broad range of statistical functions and tests for hypothesis testing, regression analysis, ANOVA, and more. Packages like stats and car are commonly used for statistical analysis in R.
Reproducible Research: R facilitates reproducible research through the use of R Markdown, a document format that combines code, results, and text in a single document. This allows you to create dynamic reports that can be easily shared and reproduced.
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Explain with examples, why the study of macroeconomics is important to an undergraduate student of Economics in Nigeria.
Which of the factors of production will the company need to address most closely when making its decision to
expand?
Oland
O capital
O land and labor
O labor and capital
Answer:
O labor and capital?
Explanation:
The factors of production will the company need to address most closely when making its decision to expand are labour and capital.
What is production?Production refers to the process of creating or manufacturing goods and services to meet consumer demand. It involves transforming raw materials and other inputs into finished products through a series of steps or stages, such as design, procurement, manufacturing, and distribution.
The goal of production is to create goods and services that are of high quality, affordable, and available in sufficient quantities to meet the needs and wants of consumers.
The production process typically involves a variety of factors, including the availability of resources and technology, the skills and expertise of the workforce, and the overall efficiency and effectiveness of the production system.
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A bakery hires a baker who can make 15 cakes per day. The bakery then decides to hire a second baker who will use the kitchen at the same time as the first baker. The bakery finds that the second baker can produce only an additional nine cakes per day. What concept does this scenario illustrate
Answer:
Diminishing marginal product
Explanation:
The concept of Diminishing marginal product states that there is a point at which more variable input results in initial faster rate of output growth. However later the rate of growth will start declining as more variable input is added.
In the scenario given above only one Baker can produce 15 cakes, that is 15 cakes per Baker.
As variable input increases (one more Baker is added) overall output per Baker decreases.
The additional Baker can produce 9 cakes while the old Baker can produce 15 cakes. That is a total of 24 cakes.
The average number of cakes produced per Baker is now
24 ÷ 2 = 12 cakes per Baker.
This indicates a reduction in output per baker, and exemplifies Diminishing marginal product
How to perform a sales bridge (or price volume mix analysis)?
Performing a sales bridge analysis, also known as a price volume mix analysis, involves breaking down changes in sales revenue into three components: price changes, volume changes, and product mix changes.
Volume changes, in the context of sales revenue, refer to the impact on revenue that is driven by changes in the quantity of products or services sold. This can be due to factors such as changes in customer demand, market conditions, or sales strategies.
Volume changes are an important component of a sales bridge analysis, which breaks down changes in sales revenue into their underlying components, including volume changes, price changes, and product mix changes. Understanding the drivers of volume changes can help businesses make informed decisions about their sales and marketing strategies, as well as their production and inventory management.
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According to the research presented in the article, how does stress affect memory of consequences?
It is more challenging to learn when under stress because people find it more challenging to form short-term memories and convert those short-term memories into long-term memories. Stress can have an impact on the kinds of memories we create.
How does stress affect memory of consequences?Acute and long-term alterations brought on by stress can harm some parts of the brain. The most common memory impairment caused by excessive stress hormone production is long-term delayed recall memory, although it can also improve short-term, instant recall memory. This improvement is most noticeable in emotional memory.
According to the research analyzed, stress does affect retrieval in healthy young men, especially when it is introduced with the TSST in the afternoon and up to 45 minutes before the start of the final memory test.
Studies have shown a bidirectional association between stress and memory. Stress can impact memory formation and retrieval, and traumatizing memories can trigger stress.
Thus, It is more challenging to learn when under stress.
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What is the total sales figure for the German translation contracts over the four-year
period?
Answer:
Explanation:
German Translation and Interpretation Industry Posts Strong Job Growth
By Gerard Castañeda
Germany’s economic engine is humming. The economy is expected to grow 1.9% in 2016 and 1.5% in 2015. Alongside the broader economy, translation and interpretation are also notching up solid growth.
Since 2010, revenues reported by Germany’s Federal Statistical Office (Destatis) for the category “translation and interpretation” are up more than 18%. The number of people employed in the industry increased by 32% over the same period.
According to the latest available data by private sector statistics provider Statista, revenues for the German translation and interpretation industry are set to hit about EUR 1bn in 2016. Statista said that, in 2015, there were 8,116 translators or interpreters in Germany, who were employed under contracts that required social security contributions (a widely used category in Germany).
If firms in a competitive market are earning negative economic profits, we would expect firms to [A] the market, causing the market price to [B]
[A]- leave, enter, no change, uncertain
[B]- rise, fall, no change, uncertain
In a market that is competitive and where businesses are making money, new businesses will be motivated to enter the market.
What is a Competitive market?Yes, even if a company is at a loss economically, it should nevertheless keep producing. Till P > = Minimum AVC, a company should keep operating and not stop producing. In this scenario, the company will generate enough income to pay its variable costs and continue operating.
In a completely competitive market, companies can only make or lose money in the short term. Because an unlimited number of enterprises generate uniform, endlessly divisible things, losses and profits are finally eliminated. If an industry's businesses are losing money, they will leave.
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What types of people make up a persons personal network
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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how to gain competitive advantage
Answer:
I know ur answer.
Explanation:
1. become the low-cost supplier
2. develop differentiated, innovative products and services
3. target a niche: geography, industry, product/service
4. employ differentiated business methods and approaches.
Answer:
Gaining a competitive advantage can be challenging, but there are several strategies businesses can adopt to achieve this goal. Here are some recommendations to improve your business's competitiveness:
1. Differentiation: One way to gain a competitive advantage is to differentiate your product or service from those of competitors. You can stand out by focusing on a unique feature or benefit that none of your competitors offer.
2. Cost Leadership: Another approach is to lower your costs and offer lower prices than your competitors. This helps attract price-sensitive consumers who value cost savings while still making a profit.
3. Innovation: Building new and innovative products or services can help you stand out in the market, attract customers who like new trends, and establish a competitive advantage in the industry.
4. Quality products and services: Offering high-quality products or services can increase customer satisfaction and loyalty that can set a business apart from competitors.
5. Customer focus: Focusing on customer satisfaction by regularly evaluating customer needs and concerns, improving service or product quality, and striving to exceed customer expectations can create a competitive advantage for your business.
In summary, businesses can gain competitive advantage by offering unique features or benefits, lowering cost, innovating, providing high-quality goods and services, and focusing on outstanding customer service.
Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2022 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Required: His AGI is $108,800. His AGI is $427,000. His AGI is $420,800, and his daughters are ages 10 and 12.
1)Trey will be able to claim a total child tax credit of $6,000 for his two daughters.
2)Since the 18-year-old daughter is over age 17, Trey cannot claim a child tax credit for her.
3)Trey will be able to claim a total child tax credit of $5,520 for his two daughters.
1)AGI of $108,800:
Since Trey's AGI is below the phase-out threshold for joint filers, he can claim the full child tax credit amount of $3,000 per child aged 6 to 17.
Child tax credit for 14-year-old daughter = $3,000
Child tax credit for 18-year-old daughter = $3,000
Total child tax credit = $3,000 + $3,000 = $6,000
2)AGI of $427,000:
Since Trey's AGI is above the phase-out threshold for joint filers, the child tax credit will be reduced by $50 for every $1,000 of AGI above the threshold.
Reduced child tax credit = Maximum child tax credit - (AGI - Threshold) ÷ 1,000 x $50
For the 14-year-old daughter, the maximum child tax credit is $3,000.
Reduced child tax credit for 14-year-old daughter = $3,000 - ($427,000 - $150,000) ÷ 1,000 x $50
= $3,000 - $13,500
= $2,150
3)AGI of $420,800, and daughters ages 10 and 12:
Reduced child tax credit for 10-year-old daughter = $3,600 - ($420,800 - $150,000) ÷ 1,000 x $50
= $3,600 - $13,540
= $3,060
Reduced child tax credit for 12-year-old daughter = $3,000 - ($420,800 - $150,000) ÷ 1,000 x $50
= $3,000 - $13,540
= $2,460
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The complete question is:
Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2022 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Required:
1) His AGI is $108,800.
2) His AGI is $427,000.
3) His AGI is $420,800, and his daughters are ages 10 and 12.
The "efficiency wage" is the wage at which employees have no incentive to shirk. employees have an incentive to do the optimal (positive) amount of shirking. the cost of looking for work is equal to the value of the leisure time for the unemployed individual. there is no unemployment. Othere is only frictional unemployment
Employees have no incentive to shirk. The correct answer is option (A).
What is Efficiency wage?This is because efficient wage(above the market wage) are provided to the employees in order to increase their productivity. Efficiency salaries come with a host of advantages, such as less attrition, improved job applicants, higher morale, more employee loyalty and trust, and enhanced production.
Alfred Marshall used the phrase "efficiency wages" to refer to the pay per productive hour of work. Efficiency wages were above-market salaries that businesses pay their employees in an effort to raise worker productivity. The ideal efficiency wage is created by balancing the marginal costs of salary increases against the marginal benefits to the employer of increased productivity.
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Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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Two countries, Great Britain and the United States, produce just one good: beef. Suppose the price of beef in the United States is $2.80 per pound and in Britain it is £3.70 per pound.
a. According to PPP theory, what should the dollar/pound spot exchange rate be?
Answer:
0.7567
Explanation:
Purchasing power parity (PPP) is an economic matrix used by economists to compare the standard of living between countries. It compares the countries' currency strength through their abilities to buy consumable goods.
The calculation of exchange rate E/ R using the PPP theory is by the formula below.
E/R= P1/ P2
where:
E/R= Exchange rate of currency 1 to currency 2
P1= Cost of good X in currency 1
P2= Cost of good X in currency 2
E/R = US Price / UK Price =
=$2.80 / £3.70
=0.7567
Exchange rate for dollar to the British pound is 0.7567
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
How has the pandemic disrupted the global supply chain?
There is a unsufficient amount of distribution happening because of the pandemic and people calling in sick so they can not work
Explanation:
If some one has civil they are ordered to stay in Quarantine for some time including the people they made contact with. so if you are at a work place and you where around all the staff they will shut down the place therfore no work is done
Seidner Company has the following information available:
Total fixed costs $80,000
Targeted after-tax net income $18,000
Contribution margin per unit $2.00
Tax rate 40%
How many units must be sold to achieve the targeted after-tax net income?
A) 45,400
B) 49,000
C) 55,000
D) 62,500
Arthur files a single income tax return and his maximum tax-free interest under the education savings bond program is $6,000. How much of the interest is excludible if his modified adjusted gross income exceeds the applicable dollar limit by $5,000 (one-third of the phaseout range)?
If Arthur files a single income tax return and his maximum tax-free interest under the education savings bond program is $6,000. The amount of interest that is excludible is: $2,000.
How to find the interest that is excludible?Using this formula to find the interest that is excludible
Excludible interest = Maximum tax-free interest × Phaseout range
Where:
Maximum tax-free interest = $6,000
Phaseout range = 0ne -third = 1/3
Let plug in the formula
Excludible interest = $6,000 × 1/3
Excludible interest = $2,000
Therefore we can conclude that the excludible interest is $2,000.
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The McGee Corporation finds it is necessary to determine its marginal cost of capital. McGee’s current capital structure calls for 45 percent debt, 10 percent preferred stock, and 45 percent common equity. Initially, common equity will be in the form of retained earnings (Ke) and then new common stock (Kn). The costs of the various sources of financing are as follows: debt (after-tax), 5.0 percent; preferred stock, 6.0 percent; retained earnings, 11.0 percent; and new common stock, 12.4 percent.
The marginal cost of capital for McGee Corporation is 9.96%.
The marginal cost of capital (MCC) is the weighted average cost of the different sources of financing used by a company. To calculate the MCC, we need to determine the cost of each source of financing and its respective weight in the capital structure.
Given information:
Debt (after-tax) cost = 5.0%
Preferred stock cost = 6.0%
Retained earnings cost = 11.0%
New common stock cost = 12.4%
Capital structure weights:
Debt weight = 45%
Preferred stock weight = 10%
Common equity weight = 45%
To calculate the MCC, we multiply the cost of each source of financing by its respective weight and sum them up:
MCC = (Debt weight * Debt cost) + (Preferred stock weight * Preferred stock cost) + (Common equity weight * Retained earnings cost)
MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11)
= 0.0225 + 0.006 + 0.0495
= 0.078
However, the common equity portion will also include new common stock (Kn) in addition to retained earnings. To account for this, we need to calculate the cost of new common stock (Kn) based on its cost and weight:
New common stock cost = 12.4%
New common stock weight = Common equity weight - Retained earnings weight
= 0.45 - Retained earnings weight
We don't have the information about the retained earnings weight, so we can't calculate the exact MCC. However, we can make an assumption that the retained earnings weight is equal to the common equity weight, which gives us:
New common stock weight = 0.45 - 0.45
= 0
In this case, the MCC would be:
MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11) + (0 * 0.124)
= 0.0225 + 0.006 + 0.0495 + 0
= 0.078
Therefore, the marginal cost of capital for McGee Corporation is 9.96% (rounded to two decimal places).
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Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?
rule of thumb budgeting
objective and task budgeting
competitive budgeting
arbitrary budgeting
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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In May 2019, the FBI arrested a group of mafia leaders for a series of scams that cost investors millions. The claim was that the mob bought large stakes in small companies and then bribed and coerced brokers to promote the stocks at inflated prices. This is known as _____.
The form of illegitimate business that is being practiced by this arrested group of mafia leaders is known as a Ponzi scheme.
What is a Ponzi scheme?
A Ponzi scheme can be defined as a form of fraudulent business in which the owners lure unsuspecting victims (investors) to invest certain amount of money with the promise to pay them a certain percentage as returns, especially by taking more money from new set of investors.
This ultimately implies that, a Ponzi scheme is fostered by the payment of quick returns to the earlies investors, so as to lure other investors. Also, it may involve paying bribe and coercing brokers to promote the their stocks at inflated prices.
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