Arcelormittal: A Stateless Corporation?
ArcelorMittal,* the world’s largest steel company, has some 274,000 employees working in 60 countries. It ranks 124th on the Financial Times Global 500 2011 list. The company’s registered headquarters is located in Luxembourg City, its operational and financial headquarters are in London, and its marketing and distribution centers are worldwide through its "Steel Solutions and Services" network. With 2010 crude steel output of 90.6 million tons (representing some 8 percent of world steel output), ArcelorMittal produces almost three times the amount of steel as the second largest producer, Nippon Steel of Japan. The largest regional market for ArcelorMittal steel is Europe (49 percent of total sales) followed by North America (25 percent), South America (12 percent), Africa (5 percent), and rest of the world (9 percent). While the mature European and North American markets form the basis of revenues for ArcelorMittal, future growth is more likely in such emerging markets as China, India, and Brazil where the company is making significant new investments. Fifty-seven percent of ArcelorMittal employees are located in Europe, 16 percent in Asia, 12 percent in North America, 9 percent in South America and 6 percent in Africa. ArcelorMittal is a highly vertically integrated steel company: it owns iron ore and coal mines that provide a significant amount of raw material input that is needed in steel making. It also owns steel mills in several countries in four continents of the globe that manufacture everything from basic steel rebars for the construction industry to fine steel used in the manufacture of appliances and cars. Also, because of its strong presence in Africa, the Americas, and Europe, ArcelorMittal has been able to consolidate its global operations (manufacturing, finance, and sales), which makes it one of the most efficient steel producers in the world for others to emulate. The Mittal family, who are originally from India, owns 41 percent of the company and the balance of shares is publically held.
Arcelor came to existence in 2002 through the merger of three European companies (Arbed of Luxembourg, Aceralia of Spain, and Usinor of France) to create a global leader in the steel industry, producing some 47 million tons of high quality steel annually.* Mittal Steel, on the other hand, was formed when two sister companies of the Mittal family, LNM Holdings and ISPAT International were merged in 2004 to produce some 63 million tons of steel with the key objective of being a low cost global competitor. The merger of Arcelor and Mittal was consummated in 2007, thereby creating ArcelorMittal, the world’s largest steel company. The key to Mittal Steel’s success is its proven expertise in acquiring steel companies (especially privatized ones in countries like Kazakhstan, Romania, and Ukraine) and restructuring these under-performing assets. This was done by successfully stripping non-performing assets, integrating the acquired companies, and implementing a "best practices" approach in operations management to enhance profitability. The size, scale, and product mix of ArcelorMittal’s integrated operations gives the company the flexibility to produce what the global market needs. Ownership of coal and iron ore mines (e.g., in Kazakhstan and Liberia) enables the company to keep raw material costs under control, thereby stabilizing ArcelorMittal’s cash flows and profitability.
Questions:
1)
Is ArcelorMittal a "stateless" corporation or a MNE? Where is its home country?
2)
What is Mittal Steel’s core competency, and what was its strategic motive for global business?
Answers
1) ArcelorMittal can be considered both a multinational enterprise (MNE) and a global corporation.
While it operates in numerous countries and has a vast global presence, it is not accurately described as a "stateless" corporation. The company's registered headquarters is located in Luxembourg City, indicating its home country where it is incorporated. This suggests that Luxembourg provides the legal and regulatory framework for ArcelorMittal's operations.
However, it's important to note that ArcelorMittal has a decentralized structure with operational and financial headquarters in London. This decentralized approach allows the company to effectively manage its global operations, manufacturing, finance, and sales. Additionally, ArcelorMittal's marketing and distribution centers are spread worldwide through its "Steel Solutions and Services" network, further reinforcing its status as a multinational corporation.
2) Mittal Steel's core competency lies in its ability to acquire and restructure underperforming steel companies. The strategic motive for its global business expansion was to become a low-cost global competitor in the steel industry. Mittal Steel achieved this by acquiring steel companies, particularly those undergoing privatization in countries such as Kazakhstan, Romania, and Ukraine.
Through these acquisitions, Mittal Steel aimed to consolidate and integrate the acquired assets, implement operational best practices, and strip non-performing elements. By leveraging its expertise in restructuring and optimizing operations, Mittal Steel aimed to enhance profitability and establish itself as a dominant player in the global steel market.
Moreover, Mittal Steel's ownership of coal and iron ore mines, like those in Kazakhstan and Liberia, provided a significant advantage. These mines ensured a stable supply of raw materials and allowed Mittal Steel to control its input costs, thus contributing to the stability of cash flows and profitability for the company.
In summary, Mittal Steel's core competency lies in acquiring and restructuring underperforming steel companies, while its strategic motive for global business expansion was to become a low-cost global competitor.
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Related Questions
3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what would happen to the demand curve for chicken? What good or service is being changed in the scenario? What is the determinant of demand that caused the change?
Answers
Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
Answers
The type of market is the one in which a person buys stock in the fast-food company is Financial market. Thus 3rd option is correct.
What is Financial Market?Any location or system that gives buyers and sellers the ability to trade financial assets, such as bonds, shares, the various international currencies, and derivatives, is referred to as a financial market.
The connection between people with capital to invest and those who need capital is facilitated by financial markets.
The kind of market where a consumer purchases shares of the fast-food chain that sells their preferred breakfast sandwich is referred as financial market.
Thus 3rd option is correct.
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Answer: Financial market
Explanation: stocks
If a monopolist charges the same price for all of the units of the good that S points it sells, then beyond the first unit sold: *A. P> MR because the monopolist must decrease price on all units in order to sell another unit.B. P
Answers
If a monopolist charges the same price for all of the units of the good that it sells, then beyond the first unit sold: "A. P> MR because the monopolist must decrease price on all units in order to sell another unit."
A monopolist has the ability to control the price of its product because it is the sole supplier of that product. However, the monopolist's demand curve is downward sloping, which means that in order to sell additional units, it must lower the price of all units sold. This leads to a situation where the marginal revenue (MR) of the additional unit sold is less than the price (P) of all units sold. Therefore, beyond the first unit sold, the price (P) will be greater than the marginal revenue (MR) for the monopolist, as it must decrease the price on all units sold in order to sell another unit. This is known as the monopolist's "price discrimination" problem, and it leads to inefficiencies in the market.
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Which of the following refers to the change in the level of consumer goods and service prices over time?
Group of answer choices
a. Inflation.
b. Consumer Price Index.
c. Rate of return.
d. Price of goods sold.
Answers
The correct answer is "a. Inflation." Inflation refers to the general increase in the prices of consumer goods and services over time.
It is often measured by the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of goods and services typically purchased by consumers. The rate of return refers to the percentage gain or loss on an investment over a specified time period. The price of goods sold refers to the cost of producing and selling a particular product or service.
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Describe three reasons as to why GM builds cars in China. Should GM do what the USA President wants and move production of cars sold in China from China to the USA? Explain.
Answers
Answer:
Three reason why GM build cars in China:
China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.
China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.
Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.
If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.
All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answers
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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Based on the introduction and the job description, which qualities will Sarah need to look for when considering candidates to fill the position at Sarah’s Fruit Pops? List the top three characteristics.
Answers
Answer:
life experiences
Explanation:
high school diploma, college degrees, employment history.
The qualities will Sarah needs to look for when considering candidates to fill the position at Sarah’s Fruit Pops, was an experience.
What are experiences?Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes. Experience, defined as a conscious event in the broadest sense, entails a subject to which various elements are offered.
The job description, high school diploma, college degrees, and employment history. qualities will Sarah need to look for when considering candidates to fill the position at Sarah’s Fruit Pops
Therefore, By having previous experience in the Fruit Pops, These qualities are Sarah looking for in the candidates.
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a company’s division has sales of $6,000,000, income of $240,000, and average assets of $4,800,000. the division’s investment turnover is:
Answers
To calculate the division's investment turnover, we need to use the formula: Investment Turnover = Sales / Average Assets.
In this case, the sales of the division are $6,000,000, and the average assets are $4,800,000.
So, Investment Turnover = $6,000,000 / $4,800,000 = 1.25
This means that for every dollar invested in assets, the division is generating $1.25 in sales.
A high investment turnover ratio indicates that a company is generating a large amount of sales with a relatively small investment in assets. This is generally seen as a positive sign, as it suggests that the company is operating efficiently and making effective use of its resources.
However, it's worth noting that the investment turnover ratio should always be considered in conjunction with other financial metrics, such as profit margins and return on investment, to get a complete picture of a company's financial health.
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Click this link to view O*NET’s Work Context section for Chefs and Head Cooks.
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.
According to O*NET, what are common work contexts for Chefs and Head Cooks? Check all that apply.
A. spend time keeping or regaining balance
B. importance of being exact or accurate
C. exposed to high places
D. spend time standing
E. responsibility for outcomes and results
F. responsible for others’ health and safety
Answers
Answer:
✅importance of being exact or accurate,✅spend time standing,✅responsibility for outcomes and results,✅responsible for others’ health and safety
I hope this helps!
Answer:
2. importance of being exact or accurate
4. spend time standing
5. responsibility for outcomes and results
6. responsible for others’ health and safety
Explanation:
In the context of job satisfaction, which of the following is true of dimensions of a job?
a. Employees' pay is only marginally related to their job satisfaction.
b. Employees who like their job responsibilities must be satisfied with promotion opportunities.
c. Employees' nature of work does not affect their job satisfaction.
d. Employees with high negative affectivity are more likely to have high job satisfaction.
Answers
Employees' pay is only marginally related to their job satisfaction" is true. While pay can contribute to job satisfaction, other factors like work environment, job responsibilities, and opportunities for growth also play significant roles in overall satisfaction.
Job satisfaction is a crucial aspect of an employee's work experience, and it is influenced by a variety of factors. One of the significant factors that influence job satisfaction is the dimensions of a job. Dimensions of a job refer to the various aspects of a job that influence an employee's satisfaction, such as pay, job responsibilities, nature of work, promotion opportunities, and so on.Regarding the given options, a. Employees' pay is only marginally related to their job satisfaction, is not entirely true. While it is correct that pay may not be the most crucial factor in determining job satisfaction, it is still an essential aspect that affects an employee's overall satisfaction with their job. Employees who are adequately compensated for their work are more likely to be satisfied with their job than those who are not. Thus, it can be concluded that employee pay is somewhat related to their job satisfaction.
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PLEASE HELP (this is just to add the 20 characters so i can ask this)
Answers
The letter A is represented where the amount of $20 should be written.
The letter D is represented where the amount of $36 should be written.
The ending balance E is $154.85.
What are debit and credit?Debit entries for accounts show money moving into them, whereas credit entries indicate money moving out of them. Money is transferred from credited to debited accounts with each transaction. Credits are contrary to debits.
In a typical journal entry, all debits are reported on the top lines, followed by all credits on the line below the debits. The ability to obtain money, as well as goods or services, on credit with the assumption that payment will be made later is referred to as credit.
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elaborate on five key success factors
Answers
Answer:
1. Una idea de negocio innovadora
Si deseas entrar en un mercado, especialmente en una industria competitiva, debes determinar qué te distingue de las otras opciones disponibles. El marketing inteligente o una tecnología emocionante por sí sola no garantizarán que tus clientes objetivo queden impresionados por lo que estás ofreciendo: tiene que entregar un valor real y / o una experiencia nueva.
Richard Werbe, fundador de la plataforma de servicios de microtutoría StudyPool, explica su estrategia para crear una idea de negocio innovadora, diciendo: "Hay que prestar atención a las tendencias. La mayoría de las personas piensan que tienen que proponer una idea totalmente original, pero puede tomar las tendencias populares actuales y construir algo a partir de lo que ya se está viendo por ahí, creando un servicio o producto mejorado".
Solo el mercado determinará si tu empresa tendrá éxito y una forma de aumentar las probabilidades a tu favor es tener un producto o servicio innovador que sea bien recibido. No tienes que reinventar algo por completo, simplemente basta con mejorarlo.
2. El talento correcto
El éxito a largo plazo de tu negocio requiere que reúnas el talento adecuado para construir tu marca. Tu equipo es la columna vertebral de la empresa, y una persona “tóxica” puede descarrilar completamente su progreso. Ya sea que estés construyendo un equipo que trabaje in situ o una fuerza laboral remota, una cosa sigue siendo la misma: el talento adecuado con la misma visión mejorará enormemente las posibilidades de éxito.
Kip Skibicki, fundador de Top Notch Threads, entiende la importancia de armar un equipo de estrellas. "Cuando comencé mi empresa no tenía muchas conexiones, pero me comprometí a formar un equipo que compartiera mi visión, junto con la experiencia y los conocimientos necesarios para cada función", dijo Skibicki.
Crear una empresa requiere una gran cantidad de trabajo durante la fase de inicio. La montaña rusa de las largas jornadas al inicio es mucho más agradable cuando todo el equipo está dispuesto a esforzarse para lograr los objetivos y alcanzar las metas juntos.
3. Tu red de contactos
Construir una red de contactos de emprendedores con ideas afines tiene varios beneficios. Te da una caja de resonancia para cuando tengas preguntas o necesites asesoramiento, lo cual es de gran ayuda, especialmente en las primeras etapas de un negocio. A medida que tu red crece, también lo hacen tus recursos.
Soy miembro de varios grupos profesionales y estoy constantemente trabajando en red. Personalmente, mi red ha sido una gran parte de mi éxito.
"Cada negocio, desde un bufete de abogados grande hasta un pequeño emprendimiento de una sola persona, puede beneficiarse de tener una red de contactos sólida. A medida que te sientas más cómodo trabajando en red, aumenta el tamaño y la capacidad de tus contactos para ayudarte a resolver problemas y tomar decisiones acertadas. Sugiero que dediquen tiempo de su agenda para hacer networking", aconseja Adam Zayed, socio fundador de Zayed Law Offices.
4. Trabajo duro
Si no estás dispuesto a ensuciarte las manos y trabajar en las trincheras, es mejor que ni siquiera comiences. Muchos emprendedores potenciales tienen un falso sentido de lo que realmente es tener un negocio. A los medios les gusta glorificar la vida de las startups, pero no todos los emprendedores tienen Lamborghinis y aviones privados. Tienes que estar dispuesto a trabajar como loco si quieres tener éxito.
Antes de lanzar la American International English Teachers 'Association, Zac Grove estaba ayudando a otras startups de tecnología educativa a recaudar fondos y construir operaciones. Esto le permitió aprender lo básico de la industria y luego aplicar este conocimiento a su proyecto personal.
"Después de trabajar en ed-tech, me di cuenta de que mi pasión en la vida era lanzar soluciones para lograr cambios en el mundo. Nunca habría tenido la confianza para aventurarme por mi cuenta si no hubiera aprendido primero a construir un negocio sólido trabajando en otra empresa ", dice Grove.
Considera desarrollar las habilidades, los conocimientos y la experiencia necesarios para emprender trabajando para otras empresas; es una opción viable que puede dar resultados a largo plazo.
5. Ventas
Hay una cosa que rápidamente demostrará la viabilidad de tu producto o servicio: ventas. Las ventas no solo demuestran que tiene salgo viable, sino que también inyectas ingresos en tu negocio, permitiéndole crecer.
Carlo Cisco es el fundador y CEO de Select, una comunidad privada que ofrece acceso a eventos exclusivos y promociones en restaurantes, hoteles, locales nocturnos y minoristas. Este emprendedor priorizó las ventas desde el principio para que su marca dejara huella.
".
Suppose that the demand curve for chairs in Euroland is given by QD = 800,000 − 6,000P, and that the supply curve is given by QS = 14,500P - 225,000. The equilibrium price is €50. The government is thinking about imposing a tax of €10 on chairs. The price received by suppliers after the tax is
Answers
Answer:
€57.07
Explanation:
Given that:
The equilibrium price = € 50
Suppose that the government is imposing tax of €10 on chairs;
Then:
QS = 14500(P-10) - 225000
QS = 14500P- 145000 - 225000
QS = 14500P - 370000
Now, we have to equate QD with the new QS
By equating both together, we have:
800000 - 6000P = 14500P - 370000
Collect like terms
800000 + 370000 = 14500P + 6000P
1170000 = 20500P
Making P the subject of the formula;
P = 1170000/20500
P = € 57.07
This implies the price received by suppliers after the tax is €57.07.
SOS
A country has a trade deficit of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country decreases its exports bus 10 billion.
B. The country increases its exports by $30 billion.
C. The country decreases its imports by $10 billion.
D. The country increases its imports by $30 billion.
Answers
B) the country increases its exports by $30 billion
Explanation:
I took a quiz
Answer:
increases its export 30 million
Explanation:
What part of Capitalism is naturally made for low prices and high quality?
Answers
The part of Capitalism is naturally made for low prices and high quality which is the competition with other businesses.
The relevant parts of capitalism are made naturally to meet high quality and low price as well. In a capitalist society, people are free to work in any occupation they want and can start their own businesses with their own real estate, machinery, and other assets. They are free to run their company however they see fit, and competition with other companies encourages lower prices and innovation.
A common conception of capitalism is an economic system where private actors own and control property according to their interests and where supply and demand freely determine market prices in a way that can best serve society.
In a capitalist economy, the means of production are owned by private organizations. Entrepreneurship, capital goods, natural resources, and labor make up the four factors. Through businesses, owners of capital assets, natural resources, and entrepreneurship exercise control.
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what should someone do if they’re in debt 
Answers
Analyze your situation.
Consider bankruptcy.
Consider going to a credit counseling service.
Prioritize the debt you need to pay.
Talk to your credit card issuers.
Pay off the debt with the higher interest first.
Or – pay off smaller debts first.
1. Create a budget: Examine your income and expenses to develop a reasonable budget. Determine where you can cut back on costs tk free up additional funds for debt repayment.
2. Prioritize debt repayment: Make a list of all your debts, including interest rates and minimum payment amounts. Pay off the loans with the highest interest rates first, while making the minimum payments on the others.
3. Negotiate with creditors: Contact your creditors to see if you can negotiate a reduced interest rate or a more convenient payment arrangement. Many creditors are eager to collaborate with you to find a solution that will allow you to repay your debts.
4. Seek professional help: If your debt is overwhelming and you don’t know where to begin, get expert assistance from a credit counselor or financial advisor. They can assist you in developing a debt management strategy and advising you on how to handle your finances in the future.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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Two rival firms vigorously compete by spending millions of dollars on product improvements and advertising to promote those improvements. This is an example of firms engaging in:
Answers
Answer: Non-price competition.
Explanation:
Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answers
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
Ruth has been helping a professor with research where they have people perform a boring task and give them either $1 or $20 to lie and tell someone the task is interesting, which recreates earlier research. The participants who were only paid $1 rating the task as more interesting than the participants who were paid much more. What is the experiment ruth is helping with testing?.
Answers
In this research where participants who were only paid $1 rating the task as more interesting than the participants who were paid much more, here, the experiment that Ruth is helping with testing is known as a Cognitive dissonance.
What is the meaning of Cognitive dissonance?In psychology, a cognitive dissonance refers to the discomfort a person feels when their behavior does not align with their values or beliefs. This kind of discomfort can also occur when a person holds two contradictory beliefs at the same time. In essence, the cognitive dissonance is not a disease or illness but it is a psychological phenomenon that can happen to anyone.
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1. how does golf challenge's use of fifo improve its net profit margin and current ratio? 2. is the action by golf challenge's owner ethical? explain.
Answers
Golf challenges as using FIFO the cost of goods sold will be calculated by using the cost of the inventory that was FIRST purchased (as opposed to Last purchased when using LIFO).
No, the action by the golf challenge's owner is unethical.
For the first question, as the inventory first purchased had a lower cost than the inventory last purchased, Hence using FIFO will result in the following:
Lower cost of inventory = lower cost of goods sold = higher net income = higher profit margin = higher earning per share = higher taxes payable = no tax advantage. Since closing inventory does reflect current prices current ratio will be improved.
For the second question, It was an unethical practice followed by Golf challenge as the method for valuation of inventory used for financial statements of bank submission is different from the company policy of valuing under LIFO. Golf is the misleading banker for loans by submitting fraudulent financials.
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What is the relationship between the production of vegetables and sale?
Answers
Answer:
The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.
I hope it help you,
God blessed youhow is weather useful to our body
Answers
Answer:
1. precipation
2. national security
Explanation:
1. Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.
2. The stability of the climate is an important factor to human health. Because overall climates are stable for long stretches of time, humans adapt to a given climate. For example, the evolution of light skin from dark was to help humans become more resistant to cold weather and synthesize more vitamin D per each exposure to ultraviolet light as they moved away from the equator to areas where there was less direct sunlight and more cloud-covered days. Rapid climate change could be detrimental to human health because the body cannot adapt quickly enough to changes in the weather and environment.
2.
Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.
If the total cost of alternative a is $50,000 and the total cost of alternative b is $34,000, then $16,000 is termed the:______.
Answers
If the total cost of alternative a is $50,000 and the total cost of alternative b is $34,000, then $16,000 is termed the differential cost.
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a relevant cost, it must be.
A construction company is building an office building and has spent $1 million so far. He also needs $500,000 to complete the construction. Due to the downturn in the real estate market, the completed building is expected to cost just $1.2 million, below its original estimate.
If a $1 million sunk cost was erroneously included in the analysis when deciding whether to proceed with construction, the firm would reject the project because it is $1.5 million against a $1.2 million return. We may conclude that it should be abandoned. However, $1 million is an irrelevant cost and should be excluded.
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An unstable government is one that __________.
A.
is democratically elected
B.
is authoritarian
C.
changes hands frequently
D.
provides for its citizens
Answers
Answer:
C
Explanation:
An unstable government is one that changes hand frequently.
When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.
An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.
Correct option: C
Answer:
He is correct~
Explanation:
the broadest prohibition against all forms of discrimination in the sale of residential real estate is found in
Answers
The broadest prohibition against all forms of discrimination in the sale of residential real estate is found in the Fair Housing Act (FHA) in the United States.
The FHA, enacted in 1968, prohibits discrimination in the sale, rental, and financing of housing based on race, color, religion, sex, national origin, familial status, and disability. It ensures equal housing opportunities for all individuals, regardless of their protected characteristics. The FHA covers a wide range of activities related to residential real estate, including the sale or rental of homes, advertising, lending, and the provision of housing-related services.
Violations of the FHA can result in legal consequences and penalties.
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explain what information is included in a director's report provide at least four points or examples
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Answer:
General corporate information.
Operating and financial highlights.
Letter to the shareholders from the CEO.
Narrative text, graphics, and photos.
Management's discussion and analysis (MD&A)
Financial statements, including the balance sheet, income statement, and cash flow statement.
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Answer:
yah
Explanation:
explain what information is included in a director's report provide at least four points or examples
Routinized Response behavior is a consumer problem-solving process used when buying: ___________.
i. Moderate cost items requiring a moderate search-and-decision effort
ii. Low-cost items requiring very little search-and-decision effort
iii. High cost items requiring extensive search-and-decision effort
iv. Moderate cost items requiring very little search-and-decision effort
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I think it would be Low cost items requiring very little search and decision effort. sorry if incorrect.
an independent third-party with ample financial resources who has the capability to discharge the duties of the contractor either by completing the work of the contract or by paying the owner to have it completed:
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An independent third-party with ample financial resources who has the capability to discharge the duties of the contractor either by completing the work of the contract or by paying the owner to have it completed is known as surety.
What is a Surety?A surety is a party or individual who takes responsibility for the completion of a job or task. Sureties are commonly used in the construction business to ensure that contractors fulfill their contractual obligations.Sureties are frequently utilized to back up the financial resources of a contractor.
A surety firm will assume responsibility for the completion of the contract if the contractor fails to do so. In addition, a surety will guarantee that the owner of a project is paid in the event of non-payment by the contractor.
In short, a surety is an independent third-party that provides financial security to a contract and assures that the contractor will meet its commitments. A surety is an essential aspect of the construction industry since it provides a measure of financial security to all parties involved in a construction project.
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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
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Answer: A
Explanation: not sure, but i think its correct