Many countries have tax treaties with one another. These generally specifyA. the withholding tax rate applied to various types of passive income. B. that withholding tax rates imposed through tax treaties are bilateralC. the two countries agree to impose the same tax rate on the same category of income. D. all of the options
Answers
Many countries have tax treaties with one another. These generally specify A. the withholding tax rate applied to various types of passive income.
Tax treaties are bilateral agreements between two countries aimed at preventing double taxation and tax evasion. These treaties specify the withholding tax rate applied to various types of passive income. Passive income refers to income received without actively engaging in a business or trade, such as dividends, interest, and royalties.
The withholding tax is the amount of tax deducted from the income at the source before it is paid to the recipient. Tax treaties aim to reduce or eliminate withholding tax on passive income by setting lower rates than the domestic rates. This encourages cross-border investments and trade, promoting economic growth and cooperation between countries.
The rates specified in tax treaties are bilateral, meaning they apply to both countries involved in the treaty. For example, if a US company receives royalties from a Canadian company, the tax treaty between the US and Canada will specify the withholding tax rate applicable to the royalties paid to the US company.
Tax treaties also specify other provisions, such as the exchange of information between the tax authorities of the two countries, the definition of residency for tax purposes, and the methods for resolving disputes arising from the interpretation or application of the treaty.
In summary, tax treaties between countries specify the withholding tax rate applied to various types of passive income to prevent double taxation and tax evasion. These rates are bilateral and apply to both countries involved in the treaty. The correct answer is A.
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Related Questions
We have this project in my business class, we have to come up with a store/business. I choose a candy store but I can’t think of any fine names. Can someone help me come with a name please?
Answers
Answer:
Candy Crush
Explanation:
Its catchy
Answer:
The Sweete Shoppe
The Lolly Pop
50 Shades of Candy
Explanation:
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
If a company chooses to sell through a(n) blank______, this means that it employs its own salespeople.
Answers
If a company chooses to sell through a blank company sale force, this means that it employs its own salespeople.
A corporation is a community for short, a legal entity that is a collection of people with a specific purpose, natural, legal, or a mixture of both. Company members have common goals and work together to achieve specific goals.
A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.
Associations of individuals to operate commercial or industrial enterprises — cf. corporations, partnerships.
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milton friedman's standard for business social responsibility is one that requires a company to do all that it can for its community. group of answer choices true false
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False-Milton Friedman's standard for business social responsibility is one that requires a company to do all that it can for its community.
What is business ?Making a living or earning money via the production, acquisition, and sale of items is known as business (such as goods and services). "Any activity or enterprise undertaken into for profit" is also included.
Having a business name does not make the owner of the business any less responsible for obligations that the business incurs. If the company accrues debts, the creditors may seize the owner's personal belongings. Corporate tax rates cannot be used in a business structure. All business profits are subject to personal taxation for the proprietor.
The phrase is frequently used informally to refer to a business, such as a corporation or cooperative (but not by lawyers or government authorities).
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Barbara and the bank signed a contract in which they agreed that the bank would loan $100,000.00 to Barbara to buy a car. She would then repay the loan by making monthly payments of $2,500.00 for 50 months. After 2 years of Barbara's making payments, she and the bank agreed that Barbara could sell her car to Dorothy who agreed to make all of the remaining payments which the bank accepted. This is an example of: A. A novation. B. An accord and satisfaction. C. A void contract. D. A voidable contract.
Answers
Answer:
Option A
Explanation:
A Novation is a form of contract in which the original contract is substituted by a replacement contract where by the new party agrees to accept all the debts to be paid as a part of the original contract.
In other way the original contracting party give all the rights and obligations to the new party
Hence, Option A is correct
Business transactions completed by Hannah Venedict during the month of September are as follows.
a. Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting.
b. The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000.
c. The company purchased $2,000 of office supplies on credit.
d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business.
e. The company purchased $5,600 of additional office equipment on credit.
f. The company paid $1,800 cash salary to an assistant.
g. The company provided services to a client and collected $8,000 cash.
h. The company paid $635 cash for this month’s utilities.
i. The company paid $2,000 cash to settle the account payable created in transaction c.
j. The company purchased $20,300 of new office equipment by paying $20,300 cash.
k. The company completed $6,250 of services for a client, who must pay within 30 days.
l. The company paid $1,800 cash salary to an assistant.
m. The company received $4,000 cash in partial payment on the receivable created in transaction k.
n. The company paid $2,800 cash in dividends.
Required
1. Prepare general journal entries to record these transactions (use account titles listed in part 2).
2. Open the following ledger accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). Post the journal entries from part 1 to the ledger accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of September
Answers
Here are the journal entries for the transactions and the resulting trial balance:
Journal Entries:
a. Debit: Cash $60,000; Credit: Common Stock $60,000
b. Debit: Land $40,000; Debit: Building $160,000; Credit: Cash $30,000; Credit: Notes Payable $170,000
c. Debit: Office Supplies $2,000; Credit: Accounts Payable $2,000
d. Debit: Automobiles $16,500; Credit: Common Stock $16,500
e. Debit: Office Equipment $5,600; Credit: Accounts Payable $5,600
f. Debit: Salaries Expense $1,800; Credit: Cash $1,800
g. Debit: Cash $8,000; Credit: Fees Earned $8,000
h. Debit: Utilities Expense $635; Credit: Cash $635
i. Debit: Accounts Payable $2,000; Credit: Cash $2,000
j. Debit: Office Equipment $20,300; Credit: Cash $20,300
k. Debit: Accounts Receivable $6,250; Credit: Fees Earned $6,250
l. Debit: Salaries Expense $1,800; Credit: Cash $1,800
m. Debit: Cash $4,000; Credit: Accounts Receivable $4,000
n. Debit: Dividends $2,800; Credit: Cash $2,800
Trial Balance:
Cash: $57,965; Accounts Receivable: $6,250; Office Supplies: $1,000; Office Equipment: $52,900; Automobiles: $16,500; Building: $160,000; Land: $40,000; Accounts Payable: $3,600; Notes Payable: $170,000; Common Stock: $76,500; Dividends: $2,800; Fees Earned: $14,250; Salaries Expense: $3,600; Utilities Expense: $635.
The journal entries record the specific financial transactions, including investments, purchases, payments, and revenues, made by Hannah Venedict's company, HV Consulting, in September. These transactions are then posted to their respective ledger accounts, such as Cash, Accounts Receivable, Office Supplies, and so on. Each ledger account shows the debits and credits associated with the transactions and their resulting balances.
The trial balance is a summary of all the ledger account balances, presenting a snapshot of the company's financial position at the end of September. It ensures that the debits equal the credits and helps in preparing financial statements. In this case, the trial balance reveals the balances of various accounts, such as cash, receivables, payables, and equity accounts like common stock and dividends.
Overall, the journal entries, ledger accounts, and trial balance provide a comprehensive overview of the financial transactions and the resulting account balances for HV Consulting in September.
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A factory is considered what type of resource?
land
labor
physical capital
human capital
Answers
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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is 6 ft greater than 72 inches
Answers
under fcra, each credit bureau must also provide your credit score, free of charge, if you request it.
Answers
Answer:
Partially true. Consumers are entitled to one free credit report every 12 months from each of the three nationwide credit bureaus.
Which of the following is considered a symbol that has varying meaning across cultures? A) colors. B) animals. C) numbers. D) music. E) all of the above.
Answers
Option E, Colors, animals, numbers, and music are all considered symbols that have varying meanings across cultures.
Symbols are objects, images, or sounds that represent or convey meaning. They can have different interpretations and significance depending on the cultural context. Among the options provided, colors, animals, numbers, and music are all examples of symbols that can have varying meanings across cultures.
1. Colors: Different cultures attribute different meanings and symbolism to colors. For example, while white represents purity and innocence in Western cultures, it can symbolize mourning or death in some Eastern cultures. Similarly, the color red can symbolize luck and prosperity in some cultures, while representing danger or warning in others.
2. Animals: Animals often hold symbolic meanings that vary across cultures. For instance, the lion is commonly associated with strength and courage in many cultures, while the owl may symbolize wisdom and knowledge in some societies but represent death or bad omens in others.
3. Numbers: Numbers can also carry cultural symbolism. For instance, the number 7 is considered lucky in many Western cultures, while the number 4 is associated with bad luck in some Asian cultures due to its phonetic similarity to the word for "death."
4. Music: Music is a universal language, but its symbolism and interpretation can differ across cultures. Certain melodies or instruments may be associated with specific emotions, rituals, or cultural traditions unique to a particular society.
In conclusion, colors, animals, numbers, and music are all examples of symbols that can hold different meanings and interpretations across cultures. The diverse perspectives and beliefs of different societies contribute to the variations in symbolic meanings assigned to these elements.
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Sadia is suffering from severe depression. She wants long-term relief from this problem and is willing to work hard to make changes in her life. What treatment is likely to have the best long-term effects?
Answers
Cognitive-behavioral therapy (CBT) is likely to have the best long-term effects on Sadia's severe depression.
CBT is a form of psychotherapy that focuses on changing negative patterns of thinking and behavior. It has been shown to be effective in treating depression and reducing the risk of relapse. This therapy helps individuals develop coping skills and strategies for dealing with negative thoughts and emotions.
Through a collaborative approach with a therapist, Sadia can learn to identify and challenge negative thinking patterns, develop problem-solving skills, and practice relaxation techniques. CBT can also address underlying issues that may be contributing to depression, such as low self-esteem or relationship problems. While medication may provide short-term relief, CBT provides long-term benefits and can help Sadia achieve lasting change in her life.
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The set of skills and knowledge needed to make informed decisions about
money matters is called financial literacy.
A. True
B. False
Answers
I’m pretty sure
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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what are three primary reasons for asking others to review and comment on a presentation
Answers
Answer: to review content for accuracy, suggest improvements, or document feedback
Explanation:
i just took it
Which set of accounts below would have a normal debit balance? Multiple choice question. Expenses; Dividends; Cash Dividends; Expenses; Unearned rent Expenses, Dividends; Common Stock Revenues; Dividends, Prepaid rent
Answers
The set of accounts that will have a normal debit balance are : Expenses; Dividends; Cash.
What are Expenses , Dividends and Cash ?An expense is the cost of operations that a company incurs to generate revenue. Hence an expense would have a debit balance.
A dividend is the distribution of corporate profits to eligible shareholders. Dividend payments and amounts are determined by a company's board of directors hence would have a debit balance.
Cash include other currencies as well as undeposited cheques and amounts in a current account hence have a debit balance.
It therefore means that Expenses, Dividends and Cash all have debit balance in line with accounting rule which states that all expenses and cash must be debited.
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_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital
Answers
The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.
Par value can be explained as the value of a single common share which is been specified by corporation's charter.This cannot be been related to the actual value of the shares.Therefore, par value is the correct term.
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Part II: Elastic or Inelastic?
Instructions: Determine whether the demand for the following items is price clastic or inelastic,
Write your answer on the line after the item. Then write the reasons for your answer.
A. Salt
Why?
B. New cars
Why?
C. Pork chops
Why?
D. European vacation
Why?
E. Insulin
Why?
F. Insulin at one of four drug
stores in a shopping mall
Why?
G. Gasoline purchased one day
after a 20 percent price increase
Why?
I
HL Gasoline purchased one year
after a 20 percent price increase
Why?
Answers
a. The demand for salt is price inelastic. This is because salt is considered a necessity in making meals.
b. The demand for new cars is price elastic. This is because there are many substitutes for new cars. For example, the bus is a substitute for a new car.
c. The demand for pork chops is price elastic. This is because there are many other types of foods that can be consumed instead of pork chops.
d. The demand for European vacation is price elastic. This is because vacations are not a necessity; they are a luxury.
e. The demand for Insulin is price inelastic. This is because insulin is very important to a diabetic patient
f. The demand for Insulin at one of four drug stores in a shopping mall is price inelastic. This is because consumers have choices between the four drug stores in the mall
g. The demand for gasoline purchased one day after a 20 percent price increase is price inelastic. This is because in the short run, consumers do not have enough time to search for suitable substitutes, so demand would be inelastic
h. The demand for gasoline purchased one year after a 20 percent price increase is price elastic. This is because in the long run, consumers would have enough time to find suitable substitutes.
Demand is price elastic if the quantity demanded of a good is sensitive to small changes in the price of the good
Demand is considered inelastic if the quantity demanded of a good is less sensitive to changes in the price of a good.
Factors that affect the price elasticity of demand
Time frame: demand is inelastic in the short run because consumers would not have enough time to find cheaper substitutes. In the long run, demand is elastic because consumers would have enough time to search for substitutes. Number of close substitutes : If there are many substitutes for a good, the demand for the good would be elastic. If there are no close substitutes, the demand for the good would be inelastic Nature of the good: if the good is considered a necessity, the demand for the good would be inelastic and if the good is considered a luxury, the demand for the good would be inelastic.To learn more about elasticity of demand, please check: https://brainly.com/question/14897348?referrer=searchResults
6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answers
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
Answers
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
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Which of these is a disadvantage to only using credit cards to make purchases?
Answers
Answer:
Paying high rates of interest.
Explanation:
the balanced scorecard relies on four processes to bind short-term activities to long-term objectives. what are they?
Answers
The balanced scorecard relies on four processes to bind short-term activities to long-term objectives - Translating the vision, Communicating and linking, Business planning, Feedback and learning.
What is a balanced scorecard?A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance various internal business activities and the results they have on the outside world. Balanced scorecards are a widespread tool used by businesses in the United States, the United Kingdom, Japan, and Europe to measure and provide feedback to organisations. In order to provide quantitative results, data collecting is essential because managers and executives must acquire and analyse the data. The decision-making of company personnel for the future of their organisations can be improved with the help of this knowledge.
The balanced scorecard was initially developed by business leader and theorist Dr. David Norton and accounting professor Dr. Robert Kaplan. It was initially published in 1992 in the Harvard Business Review article "The Balanced Scorecard—Measures That Drive Performance."
The 4 activities are:
1. Translating the vision
2. Communicating and linking
3. Business planning
4. Feedback and learning
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Question 3 of 10
Which situation would most likely be covered by long-term disability
insurance?
OA. Elena takes six months off of work after having a second child.
B. Diego takes three months off of work to help care for his aging
father.
C. Omar misses three days of work after having an accident on the
job.
D. Victoria misses work for nine months after suffering a bad injury.
Answers
Answer:
The situation that is most likely to be covered by long-term disability insurance is option D, where Victoria misses work for nine months after suffering a bad injury. Long-term disability insurance is designed to provide income replacement for an extended period of time in the event that an individual becomes unable to work due to a serious illness or injury. In this case, Victoria's injury has caused her to miss work for a significant length of time, which would likely qualify her for long-term disability insurance benefits.
Option A, where Elena takes six months off of work after having a second child, would not typically be covered by long-term disability insurance, as this is a planned absence from work and not due to an unexpected illness or injury.
Option B, where Diego takes three months off of work to help care for his aging father, would also not be covered by long-term disability insurance, as this is a personal leave and not due to a disability or injury that prevents him from working.
Option C, where Omar misses three days of work after having an accident on the job, is a short-term absence and would not typically be covered by long-term disability insurance, which is designed to provide coverage for extended periods of time.
Use the following to answer question 2: Refer to the graph shown above. The United States economy experienced stagflation (an increase in both inflation and unemployment) in the 1970s. Which curve mus
Answers
The Phillips Curve is a graphical representation of the inverse relationship between inflation and unemployment. In the 1970s, the United States economy experienced stagflation, which refers to an increase in both inflation and unemployment.
As a result, the Phillips Curve was deemed ineffective during this time. This is because both inflation and unemployment increased simultaneously, contradicting the conventional idea that there is a negative correlation between the two.
What is the Phillips Curve?The Phillips Curve is a graphical representation of the inverse relationship between inflation and unemployment, which indicates that as unemployment decreases, inflation rises and vice versa. The curve got its name from the economist A.W. Phillips, who discovered this relationship in the UK economy in the 1950s.
However, over time, the Phillips Curve's relationship has been complicated by factors such as productivity and inflation expectations, and it is no longer considered an accurate predictor of inflation and unemployment trends.
The United States economy experienced stagflation in the 1970s, which refers to a period when inflation and unemployment rose at the same time, contradicting the traditional Phillips Curve model. As a result, the Phillips Curve was deemed ineffective during this time.
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standard oil company was the empire of which business mogul?
Answers
in markets, prices move toward equilibrium because of
Answers
Answer:
"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."
Explanation:
Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a separate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be: Multiple choice question. overstated net income the financial statement will be correct understated assets, retained earnings, and net income overstated assets, retained earnings and net income
Answers
Answer: assets, retained earnings and net income understated
Explanation:
The assets will be understated because inventory is part of assets and if some inventory was not included, the inventory figure would be less than it should be meaning that assets are understated.
Closing inventory is deducted from Cost of Goods sold. If this inventory is not included in the income statement, the Cost of Goods sold would be larger than it should be and would therefore reduce the income more than it should have as it is an expense.
Net income would therefore be understated and this would translate to an understated retained earnings as retained earnings come from net income.
On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answers
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
Which of the following actions best demonstrates to your boss that you are a motivated employee?
A) Finishing a task after your boss reminds you about it.
B) Hosting a pizza party for some work friends.
C) Arriving an hour early for a client meeting.
D) Helping a co-worker when your own work is finished.
Answers
Arriving an hour early for client meeting of following actions best demonstrates to your boss that you are at employee motivation.
What is employee motivation?Employee motivation is the intrinsic need to put up the necessary effort and take the proper action for tasks related to their jobs. A wide definition is that it relates to "psychological forces that determine an individual's level of effort and persistence, as well as the course of their conduct inside an organization." Motivation at work has been characterized as the "total of the mechanisms that determine the arousal, direction, and maintenance of behaviors related to work settings." Since motivated employees are often more productive, employee motivation is essential to the success of a firm. Motivation is the desire a person has to carry out a task or activity in order to achieve a goal.
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Carl is an electrician. A new building is starting construction. Carl would like to win the contract for
electrical work for the building. He should
do nothing; they will contact him if they need his work
O send a resumé
O call and leave a long voicemail that gives prices and procedures
O create a type of business report called a business proposal
Answers
A enterprise idea is a formal report that's created by means of a enterprise and furnished to a prospect to invulnerable a commercial enterprise agreement. It's a frequent misconception that enterprise proposals and enterprise plans are the same.
The notion targets to promote your product or carrier alternatively than your enterprise itself.
What is called business proposal?Image end result for TO create a type of commercial enterprise document called a commercial enterprise proposal
A commercial enterprise proposal is a document that outlines a proposed enterprise plan, detailing the product or services to be provided, the fees related with the project, and the predicted outcomes.
Is a business concept a report?Some human beings tend to use them interchangeably, though they refer to two kinds of professional documents. A formal research record is carried out to see if a workable assignment will succeed, while a business notion is written with the intention of beginning a new product.
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do you feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely spontaneous creativity that occurs today, often in areas where new technologies are not expected to exert a great influence.
Answers
Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.
What is meant by explicit strategies?Explicit strategies for technological development are unnecessary for countries and businesses. They may desire it in order to improve business processes and adapt to new technologies. Explicit strategies are those that are well defined and implemented in order to have clear technological development to the specified business structures. Implicit strategies, on the other hand, tend to confine companies and countries to a specific way of thinking, resulting in more concise technological development. This strategy would aid in simulating innovation and creativity in technological development.Because of the increase in technological advancement and Internet usage, our reliance on technology and its applications has changed in all aspects of our daily lives. Businesses must address the current demands of modern customers and the market, so IT-enabled solutions are required to achieve organizational goals and objectives.To learn more about strategy refer to :
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Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.
Give a brief account on technological development.The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.
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