Answers
The chance of making a profit is the MAIN reason why business people take risks in a market economy.
How does profit work?a significant payout Gain is the difference between the returns and the costs of a single transaction or a series of transactions. especially: the premium that commodities command over their marginal cost. 3.: Typically, net income for a specific time frame.
The importance of profit?Revenues less costs equal profit for an organization. Profitability affects a company's capacity to obtain bank funding, draw in shareholders to fund its operations, and expand its business, making it crucial for businesses to turn a profit. Without making a profit, companies are unable to continue operating.
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Related Questions
A pharmacy has determined that a healthy person should receive 70 units of
proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries
the six types of health food with their ingredients as shown in the table below,
what blend of foods satisfies the requirements at minimum cost to the
pharmacy? Make a mathematical model for the given problem.
Answers
Answer:
Explanation:
69
You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.
Answers
The effects of an employee-wide training program, will be done to improve the employee performance via good training programs.
What is the research about?The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.
The study will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.
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Discuss the types of financial statements and their purpose.
Answers
Answer:
They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.
Explanation:
why are education and training important for employment?
Answers
Answer:
Education and training are important tools for informing workers and managers about workplace hazards and controls so they can work more safely and be more productive.
Education and training are pivotal to ensuring that employees possess the knowledge necessary to effectively carry out their job duties. Because employers know of this importance, they often seek candidates who are educated, and plan training to ensure that their workers remain up-to-date
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Ronald is interviewing at a large orthopedic clinic for a job that includes the duties of submitting claims for reimbursement, reviewing denials, settling billing matters, applying general accounting principles, and dealing with any other issues or follow-up on claims. Identify the area in which Ronald will be working.
(A) Deterministic algorithm
(B) Revenue cycle
(C) R-ADT
(D) Chargemaster
Answers
The area in which Ronald would be working in the Orthopedic clinic for the specified job is:
(D) ChargemasterWho is a Chargemaster?This refers to the person whose job in a hospital is to provide billing information to patients, and is also in charge of claims and also general accounting principles.
With this in mind, we can see that the area which Ronald would be working in the Orthopedic clinic if he gets the job would be Chargemaster as he in charge of overall accounting and billing duties.
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Lynda is teaching her client proper workflow
Answers
Answer:
The correct option is (A) Purchase order > Pay bill
Explanation:
Since in the given scenario, it is mentioned tha lynda is teaching her customer so the proper workflow would be purchase order and after that pay bill
As the vendor is the person who engage in the process of the supply chain for making the products so for this the vendor would charge the amount
Here the purchase order means the order that issued to the vendor in which the desciption of the product is mentioned in terms of type, quantity and agreed price
And, the payment would be made when the goods are received physically
So, the correct option is (A) Purchase order > Pay bill
N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Answers
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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Ayo has a day rate of N20 per week of 48hours plus a cost of living bonus of N20 per hour worked under the Halsey method of remuneration. He is given an Shours task to perform which he completed in hrs, he is allowed 30% of the time saved as bonus. What will be his gross wages under:
(i)
Rowan's plan; and
(ii)
Halsey plan
Answers
Ayo's gross wages under the two plans are as follows:
i) Rowan's plan = $270ii) Halsey plan = $252.What is Halsey's remuneration method?Halsey's remuneration method pays the worker at the time rate for hours worked plus the bonus at a specified percentage of the saved time.
One feature is that the worker is induced to save time for an increased bonus while the output quality may suffer.
What is Rowan's remuneration method?On the other hand, a worker is paid based on the hours worked, not saved hours, under Rowan's remuneration method.
The formula for computing the gross wages under Rowan's plan is:
Hours worked × Rate per hour + (Time taken / Time allowed × time saved × rate per hrs)
Day rate per week of 48 hours = $20
Cost of living bonus = $20 per hour worked
The total hours given to perform a task = 8 hours
The hours Ayo used to complete the task = 6 hours
Savings of time = 2 hours (8 - 6)
Allowance for time saved = 30%
Gross wages under:i) Rowan's plan = Hours worked × Rate per hour + (Time taken / Time allowed × time saved × rate per hr) + Cost of Living Bonus
= $270 [($20 x 6) + (6/8 x 2 x $20) + ($20 x 6)]
ii) Halsey plan = Hours worked × Rate per hour + (Time saved × rate per hr) + Cost of Living Bonus
= $252 [($20 x 6) + (30% of 2 x $20) + ($20 x 6)]
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Question Completion:He is given an 8 hours task to perform which he completed in 6 hrs, he is allowed 30% of the time saved as a bonus.
Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $84,000, of which $9,000 were uncollected at the end of the year. Operating expenses incurred were $46,000, of which $8,000 were unpaid at the end of the year. Dividends declared were $19,000, of which $3,000 were unpaid at the end of the year. Income tax expense is $13,300.
Required:
How much net income was reported on Sparty's income statement?
Answers
Answer: $247000
Explanation:
The following can be deduced from the question:
Revenue 84,000
Less: Operating Expenses 46,000
Profit Before Tax 38,000
Less Taxes 13,300
Net Income 24700
Therefore, the net income that was reported on Sparty's income statement will be $24700.
On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
Answers
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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why we remove interest amount from 1 year amount?
Answers
The interest amount earned is removed from the accumulated amount of savings because the interest is simple interest.
What is Interest?interest is the percentage amount earned over the savings made and deposited in the account, the interest is a basic market interest rate that is applied to the savings to calculate the amount of interest income for a given period of time.
The savings are deposited and they are applied for the interest rate the interest income is also included in the original savings, then for the next year the interest rate will again be only applied to the original savings amount and not the compounded amount that is the original amount of savings plus the interest earned in the first year.
That is why the interest earned in the first year is deducted from the total savings in the account to calculate the interest income for the second year.
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what is the minimum wage for SA
Answers
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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you lose your job as a result you purchase more campbell’s soup. This inflation shows that you considered campbells soup to be a
Answers
The increased purchase of Campbell's soup after losing a job reflects considering it as a reliable option during inflationary times.
The decision to purchase more Campbell's soup in response to losing a job can be attributed to the concept of inflation. Inflation refers to the general increase in prices of goods and services over time, resulting in the eroding purchasing power of money.When facing a loss of income or job insecurity, individuals often seek to maximize the value of their money by purchasing goods that they perceive as having stable or increasing value. In this case, the individual may consider Campbell's Soup as a reliable choice due to its reputation, long-standing presence in the market, and the perception that its value will hold or increase even during inflationary periods. Therefore, purchasing Campbell's soup can be seen as a strategy to protect against the eroding effects of inflation and maintain some level of stability in uncertain times.For more such questions on Inflationary:
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Mr. Johnnie B. Good has a furniture business which he operates as a sole proprietor. The business has been doing well for several years and now he wants to finance the expansion of his business by way of a loan and he is thinking of approaching BCN Bank accordingly. He is also planning to buy a great deal of raw material on credit from Miller’s Hardware in support of the business expansion. Mr. Good in looking at the potential risks to his personal assets and in an effort to safeguard himself from losing his personal assets if the business failed and was not able to repay the loan or pay for the material he got on credit, filed the relevant documents with the companies office and incorporated a private company, Good Furniture Ltd, with him as the sole shareholder and director and then went ahead and obtained a loan in the company’s name from the bank and bought the raw material on credit on behalf of the company. The bank in providing the loan ensured that Mr. Good signed a personal guarantee for the entire loan amount.
Shortly after receiving the loan and the material on credit, the business faced severe competition from other furniture stores who imported much cheaper furniture and so the business failed and had no business assets to cover the loan or to pay for the material taken on credit.
BCN Bank and Miller’s Hardware both sue to recover their respective amounts and each is seeking to get a court order to have Mr. Good sell his personal assets to meet the obligations of Good Furniture Ltd. Both Claimants are contending that the ‘one man’ company is merely a shield to what is in essence a sole proprietorship business.
Using case law and statute, advise Mr. Good as to the likelihood of success of:
A) Miller’s Hardware
B) BCN Bank
Answers
A) Miller's Hardware: Unless Miller's Hardware can prove fraudulent intent or abuse of the corporate form, it's unlikely to hold Mr. Good personally liable.
B) BCN Bank: Mr. Good's personal guarantee strengthens BCN Bank's chances of success in recovering the loan amount from his personal assets.
Mr. Good's situation involves the concept of piercing the corporate veil, which refers to disregarding the separate legal personality of a corporation to hold its shareholders personally liable. In this case, Miller's Hardware and BCN Bank are seeking to hold Mr. Good personally liable for the debts of Good Furniture Ltd. Let's analyze the likelihood of success for each claimant:
A) Miller's Hardware:
To determine the likelihood of success for Miller's Hardware, we need to consider the circumstances under which the court may pierce the corporate veil. The court will generally pierce the corporate veil if it can be shown that the company is merely an alter ego or a sham used to avoid legal obligations.
Factors considered include commingling of assets, inadequate capitalization, failure to follow corporate formalities, and fraud.
In this case, since Mr. Good incorporated Good Furniture Ltd as a separate legal entity, it demonstrates an intention to operate as a company rather than a sole proprietorship.
Unless Miller's Hardware can provide evidence of fraudulent intent or other factors indicating abuse of the corporate form, the court is unlikely to pierce the corporate veil. Therefore, Miller's Hardware may face challenges in holding Mr. Good personally liable.
B) BCN Bank:
BCN Bank has an advantage over Miller's Hardware because Mr. Good signed a personal guarantee for the loan, assuming personal liability. A personal guarantee is a legally binding agreement, and it can override the protection of limited liability that a corporation provides.
As long as the personal guarantee is valid and enforceable, BCN Bank has a strong chance of success in recovering the loan amount from Mr. Good's personal assets.
In summary, Miller's Hardware may face difficulties in holding Mr. Good personally liable, while BCN Bank is likely to succeed based on the personal guarantee provided by Mr. Good.
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Which of the following is a main reason to reconcile your own records or
check register with a bank statement?
A. To identify errors made by the bank
B. To set up automatic bill payment
C. To identify checks that have bounced
D. To have the bank cover your shortfalls
Answers
Explanation:
To identify errors made by the bank.
critcism of modern management theory
Answers
Critics argue modern management theory is rigid, short-sighted, lacks inclusivity, and limits employee empowerment and engagement.
Modern management theory has received its fair share of criticism. One critique is its overemphasis on rigid hierarchical structures, which can stifle creativity and hinder employee autonomy. Another criticism is the focus on short-term financial gains, often at the expense of long-term sustainability and employee well-being. Critics argue that this approach neglects the importance of social and environmental factors in organizational success. Additionally, modern management theory is often criticized for its lack of inclusivity and failure to address issues of diversity and equity. Furthermore, some argue that the reliance on top-down decision-making and command-and-control structures limits employee engagement and empowerment. These criticisms highlight the need for a more flexible, holistic, and human-centered approach to management that takes into account the complex dynamics of organizations and their impact on individuals and society.For more such questions on Modern management theory:
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A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
O B. The farm's marginal cost for fertilizer will decrease.
O C. The farm's opportunity cost for using fertilizer will degrease.
O D. The farm's marginal cost for fertilizer will increase.
Answers
Answer: The statement which best describes one way the farm will be affected by using this new fertilizer is:
A. Marginal benefits will increase for each harvest.
Based on the given text, we can see that there is the development of a new type of fertilizer which was made by a farmer and there is a difference in cost which would have an effect.
With this in mind, we can see that because it costs 20% more to produce and has better results, then the effect this would have is that the marginal benefits would increase for each harvest.
Therefore, the correct answer is option A
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ASSIGNMENT 1
Using a particular organisation as your case study, explain the way
attributes of corporate, business, and operational strategies and
assess their interrelationships.
Answers
Let's take Apple Inc. as a case study. Apple's corporate strategy is to maintain its position as a leading technology company, to expand its reach in new markets, and to continue innovating new products.
How does its business strategy help?Its business strategy focuses on differentiation by creating unique products and experiences that appeal to customers' desires. Its operational strategy includes efficient and flexible supply chain management, strong marketing campaigns, and excellent customer service.
These strategies are interrelated, as Apple's corporate strategy guides its business strategy, which in turn influences its operational strategy. For example,
Apple's emphasis on innovation and differentiation affects its supply chain management by requiring a high level of coordination and rapid product development.
Ultimately, these strategies work together to achieve Apple's overall goals and objectives.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Which of the following are pre-award considerations that impact post-award subcontracting compliance management?
Answers
The options that are pre-award considerations that impact post-award subcontracting compliance management are:
1)Will advance notification and consent to subcontract be required?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
Why is subcontract management important?Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.
The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.
Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.
Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.
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See full question below
Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)
1)Will advance notification and consent to subcontract be required?
2) Will the prime contractor be required to attend the post-award orientation conference?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
virus such as norovirus and hepatitis A are directly related to contamination from..
Answers
Hepatitis and the norovirus one contracts a virus through the faecal-oral route when they consume contaminated food or water, come into contact with an infected person, or touch contaminated objects.
What do you mean by Hepatitis?Hepatitis refers to liver inflammation. The liver is a crucial organ that filters blood, processes nutrients, and fights infections. The function of the liver can be impacted by inflammation or injury. Hepatitis can be brought on by chemicals, drugs, some medical disorders, and heavy alcohol consumption.
An inflammation of the liver is known as hepatitis. This syndrome can be brought on by drinking alcohol, a number of medical disorders, and several drugs. However, the most typical cause of hepatitis is viral infections.
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In the context of the barriers to international trade, which of the following is the best way to jump over sociocultural barriers?
a.
Establishing production standards
b.
Developing ethnocentric marketing practices
c.
Evaluating the economic conditions of a market
d.
Conducting thorough customer research
Answers
Answer: In the context of the barriers to international trade, Conducting thorough customer research is the best way to jump over sociocultural barriers.
Explanation:
Many businesses who are entering the global market misunderstand the constant challenge offered by sociocultural barriers. Although global consumer trends have become more uniform, values, languages, and decision-making processes still pose significant challenges for businesspeople trying to engage with partners in different nations.
Those with experience in international trade are aware of the existence of sociocultural barriers and actively work to overcome them in order to further their business endeavors by Conducting thorough customer research, which helps in breaking the ice with customers of different uniform, values, and languages.
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On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,300; Allowance for Bad debts, credit balance of $1,920. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible
Answers
Given that 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible, we can calculate the amount that should be debited to bad debts expense as follows:
Historical percentage of bad debts to accounts receivable = (Bad debts / Accounts receivable) x 100
Bad debts = $1,920
Accounts receivable = $95,300
Historical percentage of bad debts to accounts receivable = (1,920 / 95,300) x 100 = 2.01%
Amount of bad debt expected from ending receivables balance = Ending trade receivables balance x Historical bad debt percentage
Ending trade receivables balance = $95,300
Historical bad debt percentage = 2.01%
Amount of bad debt expected from ending receivables balance = $95,300 x 2.01% = $1,917.93
Amount that should be debited to bad debts expense = Amount calculated in step 2 - Existing credit balance in allowance for doubtful accounts
Amount calculated in step 2 = $1,917.93
Existing credit balance in allowance for doubtful accounts = $1,920 (credit balance)
Amount that should be debited to bad debts expense = $1,917.93 - $1,920 = -$2.07
Therefore, no amount should be debited to bad debts expense since the result is negative.
A cost is any amount that must be paid to another person or organisation in cash or in kind in exchange for a good, service, or other sort of cost. For a tenant, rent is an expense. Both parents and students must pay for tuition. Expenses are frequently described as things like purchasing food, clothing, furniture, or a car.
An expense is a cost that has been "paid" or "remitted". Usually, this happens in return for something valuable. Something that seems to be expensive is referred to as being "expensive". "Inexpensive" refers to something that seems to be cheap. "Expenses of the table" cover prices for meals, libations, a feast, etc.
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Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on technology careers
c. One that has a focus on health care careers
• D. One that has a focus on building marketing skills
Answers
Option C, which refers to One with a focus on careers in healthcare, is entirely accurate.
What are the benefits of health care?efforts made, especially by trained and licenced professionals, to maintain or restore one's physical, mental, or emotional well-being. used with a hyphen when being attributed. healthcare professionals.
When provided effectively, health care is generally regarded as a key factor in promoting the overall physical, mental, and social well-being of people around the world and can play a significant role in a nation's economy, development, and industrialization.
The phrase "healthcare process" was defined as "the order of steps we frequently take when giving treatment to patients who belong to various defined groups.
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who was the 3rd overall pick in the 2020 nba draft and what team selected him?
Answers
Answer:
The Charlotte Hornets selected LaMelo Ball :)
The 3rd Overall Pick was LaMelo Ball ,Selected by the Charlotte Hornets
write a 5 minute oral presentation about any three types of shares
Answers
Shares represent ownership in a company and provide investors with various rights and benefits.
In this oral presentation, explore three common types of shares: common shares, preferred shares, and treasury shares.
Common Shares: Common shares, also known as ordinary shares, are the most common type of shares held by investors. Owners of common shares have voting rights in the company's decision-making processes, such as electing the board of directors.Preferred Shares: Preferred shares are a type of equity that offers certain preferences over common shares. Preferred shareholders have a higher priority when it comes to receiving dividends.Treasury Shares: Treasury shares refer to shares that a company has repurchased from existing shareholders and holds in its own treasury. These shares are no longer considered outstanding and do not carry voting rights.Thus, by comprehending these distinctions, investors can make informed decisions and navigate the complex world of stock ownership.
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Select the correct answer.
Which action can help you become an effective learner?
OA enrolling in a graduate program
O B. limiting your learning to what you need for your career
OC. maintaining a positive attitude toward learning
OD. only exploring topics that interest you
Answers
Answer:
c
Explanation:
maintaining a positive attitude toward learning
Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.
What is learning?The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.
As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.
Therefore, option (c) is correct.
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Mr Sinclair has diabetes and heart trouble and is generally satisfied with the care he has received under original Medicare, but he would like to know more about Medicare advantage special needs plans
.
Answers
Answer:
SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.
Explanation:
Chronic conditions and the fact that the customer has more than 1 chronic condition may qualify the beneficiary for a Special Needs Plan which may provide better health coverage for these medical conditions. (There are populations of beneficiaries who would benefit from these plans.).
SNPs have special programs for enrollees with chronic conditions, like Mr. Sinclair, and they provide prescription drug coverage that could be very helpful as well.
A Special Needs Plan, which may offer superior health coverage for various medical issues, may be available to beneficiaries with chronic diseases or multiple chronic ailments. These strategies might be advantageous to certain beneficiary demographics.
Individuals with chronic or debilitating diseases can enroll in Medicare Special Needs Plans (SNPs), a kind of Medicare Advantage Plan. These programs mandate that Medicare SNP-eligible individuals get treatment and services from medical professionals in such networks. SNP networks come in a variety of sizes and target demographics.
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What are the different elements of working capital and explain actions that Management of a business entity might take to reduce the length of the cycle
Answers
The different elements of working capital are current current asset and current liabilities. The management of a business entity might take ratio analysis to reduce the cycle.
Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.
What is working capital management?Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.
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2. A product might fail because it is priced too low.
true
O false
Answers
Answer:
True
Explanation:
Most people take the factor of price into consideration. If something is cheap someone might not buy it thinking it does not have quality.