If GDP per capita is $ 10,000 and the economy ts growing at an annual rate of 2 percent, then the GDP per capita after 20 years is 1 (Round your answer to the neatest whole number, )
Answers
If the GDP per capita is $10,000 and the economy is growing at an annual rate of 2 percent, then the GDP per capita after 20 years would be approximately $12,190.
To calculate this, we can use the formula for compound interest: GDP per capita after 20 years = GDP per capita * (1 + growth rate)^number of years Substituting the given values, we have: GDP per capita after 20 years = $10,000 * (1 + 0.02)^20 ≈ $12,190 Rounding this to the nearest whole number, the GDP per capita after 20 years would be $12,190.
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Related Questions
in a cournot oligopoly, a decrease in a firm's marginal cost group of answer choices leads to reduced output and a higher price. leads to reduced output and a lower price. leads to higher output and a higher price. leads to higher output and a lower price.
Answers
In a Cournot oligopoly, each firm decides how much output to produce based on its own marginal cost and the expected reaction of its competitors. When a firm's marginal cost decreases, it becomes more profitable for that firm to produce more output. However, since each firm's output affects the market price, the decrease in marginal cost also affects the prices of other firms' products.
In general, when a firm's marginal cost decreases, it will tend to produce more output. This is because the lower marginal cost means that the firm can produce each unit of output at a lower cost, so it can earn more profit by producing more units. However, since the firm is not the only producer in the market, its increased output will also affect the market price.
The effect on the market price will depend on the magnitude of the decrease in marginal cost, as well as the responsiveness of other firms' output to changes in the market price. If other firms are also producing close to their profit-maximizing level of output, then the increase in supply from the firm with the lower marginal cost will cause the market price to fall. In this case, the firm with the lower marginal cost will increase its output, but it will earn a lower price for each unit sold.
On the other hand, if other firms are not producing close to their profit-maximizing level of output, then the increase in supply from the firm with the lower marginal cost may not cause the market price to fall. In this case, the firm with the lower marginal cost will increase its output, and it may be able to sell each unit at a higher price than before.
Overall, the effect of a decrease in a firm's marginal cost on output and price in a Cournot oligopoly will depend on the market conditions and the strategic interactions between firms. However, in general, a decrease in marginal cost will tend to lead to higher output and a lower price, unless other firms are not producing close to their profit-maximizing level of output.
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.Marketing as a field of study originally broke off from which academic discipline?Industrial engineeringOrganizational behaviorAgricultural economicsEngineering technology
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Marketing as a field of study originally broke off from the discipline of Agricultural economics.
In the early 20th century, marketing was primarily seen as a part of economics and business administration. However, as the discipline evolved and focused more on consumer behavior, distribution channels, and market research, it began to differentiate itself from the broader field of economics.
The emergence of agricultural economics as a separate academic discipline was instrumental in the development of marketing as a distinct field of study. Agricultural economists recognized the importance of understanding market dynamics, consumer demand, pricing, and distribution within the context of agricultural products.
Over time, marketing expanded beyond agricultural products and encompassed a wide range of industries and consumer goods. It became recognized as a separate field of study with its own theories, frameworks, and methodologies. Today, marketing is considered an interdisciplinary field that draws from economics, psychology, sociology, and other social sciences to understand and influence consumer behavior and create value in the marketplace.
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How has Tesco’s performed against each of the measures of success?
Answers
Answer:
For a long time, we measured our performance using the Steering Wheel. ... We now have just six simple, key business performance measures. It's about alignment and focus: if we give our colleagues more power to choose the right actions, we'll do a better job for customers and achieve greater success for our business.
Answer:
Tesco has been particularly successful because of its powerful brand. It has a reputation for value, low prices and for being customer focused. Its brand equity and associations have helped the company to expand into new sectors and markets. Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level. This local approach to marketing appears to be a key driver for success.
Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.
Answers
Answer:
Future Value= $158,475.64
Explanation:
Giving the following information:
He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.
I assume we have to determine the value of the investment at the time of retirement.
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= 500
n= 15*12= 180
i= 0.07/12= 0.005833
FV= {500*[(1.005833^180) - 1]} / 0.006833
FV= $158,475.64
________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
Answers
Derived Demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
The call for every one of the elements of manufacturing is often referred to as a "derived" demand to emphasize the truth that the relationship between the element's price and the quantity of the element demanded by groups the use of it in manufacturing is directly dependent on the patron name for the very last product(s) the issue.
As a result, the call for exertions is derived name from the call for goods and offerings. For example, if the demand for a first-rate alongside wheat increases, then this results in a growth in the call for hard work, in addition to calls for different factors of production together with fertilizer.
Direct and derived demand. Direct call for is the call for for a completely last precise. food, garb, and cell phones are an instance of this. Also called a self-sustaining call, it's miles impartial of the call for one-of-a-kind merchandise. Derived call for is the call for a product that comes from the usage of others.
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Calculate the annual interest rate on a loan of 200,000 if at the end of the year, the borrower has repaid 230,000.
Answers
Answer:
15%. fifteen percent is the answere
What is the customer orientation of a company, and why is it important for a
business to be customer-focused? Give an example of a real organization to
substantiate your answer.
Answers
Paula has property which she uses in her office that someone else is responsible to maintain. What is a likely reason for this?
A. The property was defectively manufactured.
B. She purchased the property rather than leased it.
C. She has borrowed the property from a friend.
D. She leased the property rather than purchased it.
Answers
If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is:_______
a. a downward-sloping curve that is bowed outward.
b. a downward-sloping curve that is bowed inward.
c. a downward-sloping straight line.
d. an upward-sloping straight line.
Answers
Answer:
c. a downward-sloping straight line.
Explanation:
In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant
Therefore in the given case, the correct option is C.
A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.
Trade-off is simply known as a situational decision. It is simply the reduction of one quality, quantity, or property so as to get gains in other areas.It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.
It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.
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A buyer and a seller make an oral agreement regarding the sale of the seller's grapefruit grove. This contract normally would be unenforceable in a court of law based on the
a. laws of agency
b. statute of frauds
c. statute of limitations
d. real estate licensing laws
Answers
So the correct option is b. statute of frauds. The statute of frauds requires certain contracts, including contracts for the sale of real property, to be in writing in order to be enforceable in a court of law.
Law refers to a set of rules and regulations established by a governing authority to regulate and govern the behavior of individuals, organizations, and society as a whole. Laws are designed to maintain order, protect rights, and ensure justice. They encompass various areas such as criminal, civil, constitutional, and administrative law, among others. Compliance with the law is essential for a functioning or just society, and violations can result in legal consequences, including fines, imprisonment, or other forms of punishment. Legal systems differ across countries, but they all serve purpose of providing a framework for orderly and fair conduct.
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1) State with reasons, the method you would adopt to price materials into production.
i.)in a period of rapidly increasing prices of the material,
ii). in a period of rapidly reducing prices of the material.
Answers
The method you would adopt to price materials into production:
i) In a period of rapidly increasing prices of the material is price penetration
ii). in a period of rapidly reducing prices of the material is price skimming
What is pricing methods?Pricing Methods are the ways in which the price of goods and services are determined. It is computed from all factors such as the resources and materials used for production.
In a period of rapidly increasing prices of the material you maintain a low price because of competitive market and then raise the price later. It called penetration price
In a period of rapidly reducing prices of the material use price skimming where you maintain your high price of selling and lower it as the market evolves.
Therefore, different pricing strategy works for different period and market season.
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Which is an example of a business that failed because of cash problems?
Answers
Answer:
An good example would be the company called "MadTown"
Explanation:
You see because of "MadTown" fincancial problems alot of groups also fall down and have to disbanded because of their own company.
shawna tells roan that he will receive 0.85 euro for every u.s. dollar he wants to convert for his trip to italy. shawna is referring to
Answers
Market makers are those who set prices at which they are willing to buy from or sell to others in the foreign exchange market, as well as start currency trades with other dealers.
What is Foreign Exchange Market ?The act of exchanging one currency for another is known as foreign exchange trading. The precise type of money that is traded takes the form of bank deposits or bank transfers of deposits with foreign currency as the par value. Large commercial banks in financial hubs like New York or London that handle deposits denominated in foreign currencies are often referred to be part of the foreign exchange market. The "spot market," which is the buying and selling of foreign exchange to be delivered on the spot rather than paying at a later date, is covered in detail in this chapter, which gives a broad overview of foreign exchange trading. Trade volume, geographic trading patterns, spot exchange rates, currency arbitrage, and short- and long-term The explanations of abstract ideas are illustrated with specific examples. The leading foreign currency dealers and exchange rate indexes are further discussed in two appendices.Think of EUR as the regional currency, for instance. ThenOne US dollar is equal to 0.773407 euros.
One euro is equal to 1.29303 US dollars.
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true/False? an evaluation model is a technique that uses a common yardstick to measure and compare vendor ratings.
Answers
True. An evaluation model is a technique that uses a common yardstick to measure and compare vendor ratings. For example, a vendor might be evaluated according to factors such as cost, quality, timeliness, and customer service.
An evaluation model is a tool or framework that is used to assess or measure the effectiveness, efficiency, or success of a program, project, process, product, or service. Evaluation models are designed to provide objective and reliable information that can be used to inform decision-making, improve performance, and optimize outcomes.
There are different types of evaluation models, and they can vary depending on the nature of the subject being evaluated and the purpose of the evaluation. Some of the commonly used evaluation models include outcome-based evaluation, process evaluation, cost-benefit analysis, logic models and quality assurance models.
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which organization develops and publishes the majority of the consensus standards used in u.s. and canadian jurisdictions?
Answers
International Organization for Standardization (ISO) is the organization that develops and publishes the majority of the consensus standards used in U.S. and Canadian jurisdictions.
International Organization for Standardization (ISO) is an organization that helps in forming jurisdiction standards for countries like the United States and Canada.
The consensus is a part f the jurisdiction whose standards are also set by the International Organization for Standardization (ISO). The ISO believes that for countries like the United States and Canada, it is important that an agreement for any kind of jurisdiction be bought through standard consensus as the people of these countries have a democratic set of mind. A general agreement is made through a consensus for forming the jurisdiction.
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Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Manager's Hot Seat: Negotiation: Thawing the Salary FreezeKatherine, an upper management executive of a magazine publishing company (JBL Publishing) is negotiating with a Union representative regarding production workers’ contract. The main issues are salary increases, health benefits, and flexible work schedules. The Union representative, Alisa, is irate, because she just found out, prior to this meeting, that the executive board has received enormous bonuses for the year, at the same time they are refusing to budge on salary increases for the production workers.1. Katherine mentions that she does not want to bring up the bonus-reallocation solution early in the meeting, because that’s the best she can do. If she brings that out at first, Alisa may ask for more. Which strategy of negotiation is Katherine using? manage time gather information know your best alternative to a negotiated agreement (BATNA) prepare and set goals manage first offers and concessions2.Alisa and Katherine finally agree on the solution to reallocate the bonus money. This indicates that this solution is within the ______, according to the bargaining zone model of negotiations. target offer area area of potential agreement initial offer area resistance area expectation area3. Alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management. This will give employees a salary increase while decreasing the bonus for upper management. Which conflict handling style does this exhibit? avoiding forcing yielding compromising problem solving4. avoiding forcing yielding compromising problem solving
Answers
1. Katherine is using the strategy of knowing her best alternative to a negotiated agreement (BATNA). 2. The area of potential agreement is the range of possible outcomes that both parties are willing to accept. 3. By pursuing the option to reallocate the bonus money, Alisa demonstrates the "problem-solving" conflict handling style. 4. The missing option in this question is compromising.
1. Katherine is using the strategy of knowing her best alternative to a negotiated agreement (BATNA). By not bringing up the bonus-reallocation solution early in the meeting, she is protecting her BATNA. She knows that if she brings it up too early, Alisa may ask for more, which could weaken her position. By waiting until later in the negotiation, she can use the bonus-reallocation solution as a concession to reach an agreement with Alisa.
2. Alisa and Katherine agreeing on the solution to reallocate the bonus money indicates that this solution is within the area of potential agreement, according to the bargaining zone model of negotiations. The area of potential agreement is the range of possible outcomes that both parties are willing to accept. By finding a solution that both parties agree on, they have found a mutually beneficial outcome within their bargaining zone.
3. Alisa pursuing the option to reallocate the bonus money exhibits the conflict handling style of problem solving. Problem solving is a win-win approach to conflict resolution that involves finding a mutually beneficial solution that addresses the needs of both parties. By suggesting a solution that benefits both the employees and upper management, Alisa is taking a collaborative approach to the negotiation.
4. The missing option in this question is compromising. Compromising is a conflict handling style that involves both parties giving up something to reach an agreement. It can be an effective approach when both parties have important goals that they are unwilling to give up.
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Depreciation expense in a not-for-profit organization should beA.Assigned to or allocated to the functions to which it relates.B.Reported under the management and general caption.C.Disclosed in the notes to the financial statements.D.Allocated to program but not support functions.
Answers
Depreciation expense in a not-for-profit organization should be assigned to or allocated to the functions to which it relates.What is not-for-profit organization?A not-for-profit organization is a company that has no owners or shareholders who gain from its success. The non-profit's profits are reinvested in the business to support its mission rather than being distributed as profit or dividends.In the case of depreciation expense in a not-for-profit organization, it should be allocated to or assigned to the functions or programs to which it is related because it is related to the organizational activities.
The concept of depreciation is based on the principle of matching revenue with expenses, meaning that the depreciation expense should be related to the functions that contributed to the generating of income or producing goods or services. Therefore, the answer is option A: Assigned to or allocated to the functions to which it relates.
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The demand for company x's product is given by qx=15-3px 4py. suppose good x sells for $3.00 per unit and good y sells for $1.50 per unit.
Answers
a. The cross-price elasticity of demand between goods X and Y is indeterminate. b. The classification of goods X and Y are complements. c. The own price elasticity of demand for good X is -1, indicating unitary elasticity. The whole calculation is shown in the attached image below.
Elasticity of demand is a measure of how sensitive the quantity demanded of a good or service is to changes in its price or other factors. It quantifies the responsiveness of demand to changes in various variables. The elasticity of demand is calculated as the percentage change in quantity demanded divided by the percentage change in price (or another relevant factor).
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The complete question might be:
The demand for company X's product is given by Qx = 12 - 3Px + 4Py. Suppose good X sells for $3.00 per unit and good Y sells for $1.50 per unit. a. Calculate the cross-price elasticity of demand between goods X and Y at the given prices. b. Are goods X and Y substitutes or complements? c. What is the own price elasticity of demand at these prices?
If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) Writing a check Using an overdraft Using your checkbook register Using a debit card
Answers
Answer:
Using a Debit card
Explanation:
Online transaction and payments are transactions that are conducted virtually and electronically through the internet and computer network. One major attribute of this medium of payment is that physical method of payment are minimally used. An example of a medium of online payment is the use of a debit card
A debit card is a payment card issued by financial organization and linked to a customers checking account , which can be used to pay for purchases made through an online platform. It is a faster and saver means of payment.
Answer:
Debit Card (got it right on my test)
Explanation:
According to the aggregate expenditure model in class, the primary determinant of consumption and saving is.
Answers
According to the aggregate expenditure model in class, the primary determinant of consumption and saving is the aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.
We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total output and income. Gross domestic product and disposable personal income in this economy would be roughly equal if there were no government or foreign sector. To further simplify things, we'll suppose that retained corporate earnings (also known as retained earnings) and depreciation are both equal to zero. Therefore, for the purposes of this example, we presume that personal disposable income and real GDP are equal.
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is 6 ft greater than 72 inches
Answers
When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
Answers
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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For the cost function c(q) = 200 3q 8q2 4q3, what is the average fixed cost of producing six units of output?
Answers
The average fixed cost of producing six units of output is approximately $33.33, given a cost function of c(q) = 200 + 3q - 8q² - 4q³. This represents the fixed expenses per unit at that level of production.
To find the average fixed cost (AFC) of producing six units of output, we need to calculate the total fixed cost (TFC) and then divide it by the quantity produced.
The total fixed cost (TFC) represents the fixed expenses that do not change with the level of output. In this case, the cost function is given as c(q) = 200 + 3q - 8q² - 4q³.
To find the TFC, we need to identify the fixed cost component of the cost function. In this case, the fixed cost is the constant term, which is 200. So TFC = 200.
Now, we can calculate the AFC by dividing the TFC by the quantity produced, which is six units:
AFC = TFC / Quantity
AFC = 200 / 6
AFC ≈ 33.33
Therefore, the average fixed cost of producing six units of output is approximately $33.33.
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'Market management is the key element for a business' Justify this statement with an example.
Answers
Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
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A city starts a solid waste landfill during 2017. When the landfill was opened the city estimated that it would fill to capacity within 5 years and that the cost to cover the facility would be $1.5 million which will not be paid until the facility is closed. At the end of 2017, the facility was 20% full, and at the end of 2018 the facility was 45% full. If the landfill is judged to be a governmental fund, what liability is reported on the fund financial statements at the end of 2018
Answers
Answer:
The interpretation of the particular question is outlined in the following segment on the clarification.
Explanation:
The facility was indeed 20 percent full by either the end of December 2017 therefore the 3,00,000 would still have been recognized as an expenditure.
The facility also seems to be 45 percent complete at either the end of 2018, meaning that the 3,75,000 will have been accepted as expenditures,
⇒ \(1,500,000\times (45 \ percent-20 \ percent)\)
By most of the end of the decade, the financial sheet provides a snapshot 6,75,000 although this debt would be,
⇒ \(1,500,000\times 45 \ percent\)
So 3,75,000 should have been shown as the cost of the rest in the financial information for 2018, as well as 6,75,000 would have been shown as contractual obligations.
Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services. A. True B. False
Answers
The statement that Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services is true.
What is Consumer awareness?Consumer awareness can be seen as the way that is been used in showing that the buyer or purchaser is aware of the details and information regarding goods, services, administrations, and buyer rights.
In order to raise consumer awareness of the product it should be noted that the corporation is mainly focused on marketing the product.
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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security
Answers
Answer:
D) poor physical security
Explanation:
Answer:
A natural disaster
Explanation:
I know it seems weird but I put that and my test on Plato scored it as right