The given transactional data is transcribed for each of the given cases.
The given transactional data can be transcribed as follows:
Date Transactions
February 1 - Ricardo invested $60,000 into the new business. (Cash A/c Dr $60,000, To Capital A/c $60,000)
February 2 -Paid cash for the month's rent of a furnished office of a bookkeeper who was retiring ($1,500) (Rent A/c Dr $1,500, To Cash A/c $1,500)
February 3 - Purchased a professional library for $2,000. Paid $1,000 down on the purchase and charged the rest on account. (Professional Library A/c Dr $2,000, To Cash A/c $1,000, To Accounts Payable A/c $1,000)
February 4 - Purchased office supplies by paying $500 cash. (Office Supplies A/c Dr $500, To Cash A/c $500)
February 7- Completed bookkeeping for clients and collected $1,000 from the customers. (Cash A/c Dr $1,000, To Accounts Receivable A/c $1,000)
February 8 - Purchased $600 of office equipment on credit. (Office Equipment A/c Dr $600, To Accounts Payable A/c $600)
February 11 - Completed bookkeeping work for a customer on credit in the amount of $1,300. (Accounts Receivable A/c Dr $1,300, To Bookkeeping Fees A/c $1,300)
February 15 - Purchased $300 of office supplies on credit. (Office Supplies A/c Dr $300, To Accounts Payable A/c $300)
February 17 - Paid for the office equipment purchased on the 8th. (Accounts Payable A/c Dr $600, To Cash A/c $600)
February 18 - Billed a customer $5,900 for bookkeeping services. (Accounts Receivable A/c Dr $5,900, To Bookkeeping Fees A/c $5,900)
February 23 - Received the full payment from the customer for the work that was completed on the 11th. (Cash A/c Dr $1,300, To Accounts Receivable A/c $1,300)
February 26 - Paid the office assistant's wages of $450 for three days of work. (Salaries and Wages Expense A/c Dr $450, To Cash A/c $450)
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hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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select the scrum event that concludes the sprint. a. sprint planning b. sprint review c. sprint retrospective d. daily scrum
The Sprint Retrospective is the last activity of the Sprint. The Scrum Team evaluates may be done better for upcoming sprints and how to proceed at this point.
What is the final step that brings a race to a close?Sprint is over. Two meetings are held following a sprint: Swift evaluation The team presents the product owner with their work. retrospective of a sprint The group talks on how to make processes better. Constant improvement is a key objective.
Is sprint planning an event under Scrum?In the scrum process, sprint planning marks the beginning of the sprint. Sprint planning's goal is to specify can be completed in a sprint and how it will be done. Planning for sprints is done in working together as an entire scrum team.
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How does a command economy answer the three economic questions?
(1) what to produce, (2) how to produce, and (3) for whom to produce.
Answer:
key terms in purest from a market economy answers the three economic questions by allocating resources and goods through markets where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.
Answer:
is it (3) for whom to produce.
Explanation:
buying and selling goods, acquiring insurance, and using supplies represent __________ transactions.
Term that represents the Buying and selling goods as well as acquiring insurance, and using supplies is :Financial transaction.
Financial transaction can be regarded as agreement, or communication that Is being entered by a buyer and a seller so that asset can be exchanged for for payment.
It involves Buying and selling goods as well as acquiring insurance.Therefore, the correct term is
financial transaction.
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Why is it important to be flexible and patient when exhibiting sensitivity?
it is important to be flexible and patient when exhibiting sensitivity because we define ethnocentrism as an attitude or view that analyzes the world according to the parameters of our own culture.
What is Ethnocentrism?Ethnocentrism in social technological know-how and anthropology—in addition to in colloquial English discourse—way to use one's personal way of life or ethnicity as a body of connection with deciding different cultures, practices, behaviors, beliefs, and humans, rather than the use of the requirements of the specific way of life involved. Since this judgment is frequently bad, a few humans additionally use the time period to consult the perception that one's way of life is advanced to, or extra accurate or ordinary than, all others—mainly concerning the differences that outline every ethnicity's cultural identity, along with language, behavior, customs, and religion.[1] In not unusual place usage, it is able to additionally truly suggest any culturally biased judgment. For example, ethnocentrism may be visible withinside the not unusual place portrayals of the Global South and the Global North.Ethnocentrism is now and again associated with racism, stereotyping, discrimination, or xenophobia. However, the time period of "ethnocentrism" does now no longer always contain a bad view of others' race or implies a bad connotation.[3] The contrary of ethnocentrism is cultural relativism, a guiding philosophy declaring the satisfactory manner to recognize a distinct way of life is thru their angle as opposed to judging them from the subjective viewpoints formed through one's personal cultural requirements.Thus, It often includes the belief that one's ethnic group is most important, or that some or all aspects of our culture are superior to those of others.
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Who typically reviews and approves the guidelines for running a corporation, which are also known as
corporate governance policies?
A. The investors
B. The shareholders
C. The management team
D. The board of directors
The board of directors typically reviews and approves the guidelines for running a corporation, also known as corporate governance policies. The board of directors consists of elected individuals who are responsible for establishing and overseeing the general policies and strategic direction of the corporation.
What is the board of directions responsible for?The board of directors is responsible for overseeing the management of a corporation and ensuring that the corporation is being run in a way that is consistent with the guidelines set forth in the corporate governance policies.
These policies are designed to ensure that the corporation is being run in a way that is fair, transparent, and accountable to its stakeholders, including shareholders, employees, and customers.
The board of directors typically reviews and approves these policies to ensure that they are being followed and that the corporation is operating in a way that is consistent with its mission and values.
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an individual does not have an attitude until he or she responds to an entity on a:
An individual's attitude remains undefined until they respond to an entity on a 1², highlighting the importance of interaction and engagement in shaping one's perspective and opinions.
Determine how to work the subscript 1 indicates?In the given statement, the subscript 1 indicates that the individual is responding to a specific entity. The superscript ² is used to denote the concept of attitude, which refers to an individual's feelings, opinions, or beliefs towards something or someone.
The statement suggests that until the individual interacts with or responds to the entity in question, their attitude remains undefined or non-existent. It implies that attitudes are formed or expressed as result of the individual's response to the entity or situation at hand.
The use of subscripts and superscripts helps clarify the specific context and relationships described in the statement.
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Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to repetitively process transactions?
Accounts Clerk
Insurance Underwriters
Claims Clerk
Business Financial Manager
Answer:
B). Insurance Underwriter.
Explanation:
The job of 'Insurance Underwriter' would be the most appropriate career option for a person who possesses knowledge regarding the banking sector, as well as, credit organizations along with the potential to process transactions in repetition. In this job, he could use his knowledge for examining the data of the applicants and evaluate the risks associated in order to decide if the insurance is to be offered to them or not along with their necessary premiums and coverages in repetition. Thus, option B is the correct answer.
Which costing method assigns only manufacturing costs to products?.
Answer:
Traditional costing
Explanation:
Using traditional costing, only manufacturing costs can be assigned to products. Under ABC, both manufacturing and non-manufacturing costs may be assigned.
B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
What is an original age?In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.
Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
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If an asset price declines, the investor with a _______ is exposed to the largest potential loss.
If an asset price declines, the investor with a long put option is exposed to the largest potential loss. Option D is the correct answer.
A long put relates to buying a put option with the expectation that the concealed resource would decline. The word "long" in this context refers to the broker's action of buying the option with the intention of subsequently selling it for a higher price. It has nothing to do with the amount of time before expiration. Option D is the correct answer.
A trader may buy a put on the off chance that the hidden resource will decline, increasing the value of the long put option. A protracted scenario in the primary resource might also be contained with the use of a long put. If the hidden resource runs out, the put option grows in value, helping to offset the loss in the fundamentals.
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The complete question is, "If an asset price declines, the investor with a _______ is exposed to the largest potential loss.
a. long call option
b. short futures contract
c. long futures contract
d. long put option"
Chris spends $240 on a lawn mower for her landscaping business. What is her average fixed cost if she mows the following numbers of lawns?
20 lawns
30 lawns
40 lawns
60 lawns
80 lawns
120 lawns
The average fixed cost of the lawn mower for mowing 20, 30, 40, 60, 80, and 120 lawns is $12, $8, $6, $4, $3, and $2, respectively.
How to calculate the average fixed cost?To calculate the average fixed cost of the lawn mower, we need to divide the total cost of the lawn mower by the number of lawns mowed. Since the cost of the lawn mower is a one-time fixed cost, it will be the same for all the lawns mowed.
Total fixed cost = $240
Number of lawns mowed = {20, 30, 40, 60, 80, 120}
To calculate the average fixed cost for each case, we divide the total fixed cost by the number of lawns mowed:
Average fixed cost for 20 lawns = $240 / 20 = $12
Average fixed cost for 30 lawns = $240 / 30 = $8
Average fixed cost for 40 lawns = $240 / 40 = $6
Average fixed cost for 60 lawns = $240 / 60 = $4
Average fixed cost for 80 lawns = $240 / 80 = $3
Average fixed cost for 120 lawns = $240 / 120 = $2
Therefore, the average fixed cost of the lawn mower for mowing 20, 30, 40, 60, 80, and 120 lawns is $12, $8, $6, $4, $3, and $2, respectively.
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Nora wants to participate in an unpaid internship at an accounting firm this summer. Her parents want her to get a job bagging groceries at a local store.
Why would Nora MOST likely prefer an unpaid internship opportunity to a paying job?
A. Nora wants to graduate from college earlier than her peers.
B. Nora wants to engage in experiential learning in business.
C. Nora wants to practice writing her resume and cover emails.
D. Nora wants to learn about not-for-profit businesses.
Answer: B
Explanation: Nora, I believe, wants to engage in business experiential learning because she would not pass up a paying opportunity for no reason. Furthermore, the benefits of unpaid internships, such as beginning to build your professional network, developing skills, and receiving valuable feedback from professionals, can help predict whether she will enjoy her future profession and help her in a variety of ways.
In my perspective, Nora desires to take part in the business experiential education.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A enterprise is a creative organization or team that partakes in professions. They might be professional, corporate, or any other type else.
What is an example of a business?An economic institution known as a business produces and/or distributes goods and services with the goal of making money and accumulating wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided household, or a limited partnership.
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Please, discuss 2-3 major advantages and disadvantages of both free market and the command way of running the cafeteria.
Answer:
Free MarketA free market economy promotes the production and sale of goods and services, with little to no control or involvement from any central government agency.
Explanation:
Advantage:
Absence of Red TapeFreedom to InnovateCustomers Drive ChoicesDisadvantage
Limited Product RangesDangers of Profit MotiveMarket Failurescommand way of running the cafeteria.There are advantages and disadvantages of running the cafeteria in either way. In the original example, the cafeteria is being run like a command economy. In this scenario, all students are looked after; the meals are cheaper because they are government subsidized, and the food is healthier because the students do not have as much of a say. Some disadvantages of this way of running the cafeteria include that the students are very dissatisfied with the school food, there are feelings of frustration because the principal won’t listen to the students’ requests, and the students have turned to a silent rebellion to voice their opinion. Running the school like a market economy also has advantages and disadvantages. The students are far more satisfied with their school food, and are pleased that their voice is listened to, however they are eating less healthy foods, and the lunch is more expensive because it is not government.
what is quality management
In the United States, a pharmaceutical company's exclusive patent rights last for1. 20 years.2. 25 years.3. 10 years.4. 70 years.
The exclusive patent rights of a pharmaceutical industryin the US are valid for 20 years. The goal of this exclusivity is to encourage pharmaceutical sector innovation and research.
In the United States, a pharmaceutical company's exclusive patent rights last for 20 years. This means that the company has the sole right to manufacture, sell, and distribute the drug for that period of time, after which other companies can enter the market with generic versions. This exclusivity is meant to incentivize innovation and research within the pharmaceutical industry.
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A bond is actually a(n) _____. (Select all that apply.)
investment
short-term instrument
type of security
debt instrument
The person being interviewed is known as:
A. potential employee
B. employee
C. job applicant
D. interviewee
Answer:
D
Explanation:
If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?
The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.
What are bonds?A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.
Given that,
Approximate market value of $1,000 is $1,200
Interest rate is 6%
\(\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%\)
Hence, the comparable bonds pay a 5% interest rate.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
sales are budgeted at $270,000 for november, $250,000 for december, and $240,000 for january.
collections are expected to be 50% in the month of sale and 50% in the month following the sale.
the cost of goods sold is 75% of sales.
the company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.
other monthly expenses to be paid in cash are $23,300.
monthly depreciation is $14,300.
ignore taxes.
Using the subtraction operator, the difference between cash receipt and cash disbursement for December would be $67,400
Cash Receipts for December :
$(440,000 × 0.45) + $($460,000 × 0.55)
$198000 + $253000
= $451,000
Cash Disbursement for December :
Purchases + Other monthly expenses
($460,000 × 0.80) + ($440,000 × 0.80 × 0.60) - ($460,000 × 0.80 × 0.60) + $25200
= $383,600
Difference = Cash receipt - Cash disbursement
Difference = $451,000 - $383,600
= $64,700
Hence, difference in receipt and disbursement on December is $64,700
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Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage
Is there an ethical issue in this situation? Discuss. (after posting your answer, respond to one other post meaningfully).(Hint: see Exhibit 1-7, AMA Ethical values on page 26 of the Textbook to answer the above. Can you point out 2 relevant AMA value(s) that might have been violated in the above situation?)
Answer:
Explanation:
The American Marketing Association commits itself to promoting the highest standard of professional ethical norms and values for its members (practitioners, academics and students). Norms are established standards of conduct that are expected and maintained by society and/or professional organizations. Values represent the collective conception of what communities find desirable, important and morally proper. Values also serve as the criteria for evaluating our own personal actions and the actions of others. As marketers, we recognize that we not only serve our organizations but also act as stewards of society in creating, facilitating and executing the transactions that are part of the greater economy. In this role, marketers are expected to embrace the highest professional ethical norms and the ethical values implied by our responsibility toward multiple stakeholders (e.g., customers, employees, investors, peers, channel members, regulators and the host community).
Ethical Norms
As Marketers, we must:
Do no harm. This means consciously avoiding harmful actions or omissions by embodying high ethical standards and adhering to all applicable laws and regulations in the choices we make.
Foster trust in the marketing system. This means striving for good faith and fair dealing so as to contribute toward the efficacy of the exchange process as well as avoiding deception in product design, pricing, communication, and delivery of distribution.
Embrace ethical values. This means building relationships and enhancing consumer confidence in the integrity of marketing by affirming these core values: honesty, responsibility, fairness, respect, transparency and citizenship.
Ethical Values
Honesty – to be forthright in dealings with customers and stakeholders. To this end, we will:
Strive to be truthful in all situations and at all times.
Offer products of value that do what we claim in our communications.
Stand behind our products if they fail to deliver their claimed benefits.
Honor our explicit and implicit commitments and promises.
Responsibility – to accept the consequences of our marketing decisions and strategies. To this end, we will:
Strive to serve the needs of customers.
Avoid using coercion with all stakeholders.
Acknowledge the social obligations to stakeholders that come with increased marketing and economic power.
Recognize our special commitments to vulnerable market segments such as children, seniors, the economically impoverished, market illiterates and others who may be substantially disadvantaged.
Consider environmental stewardship in our decision-making.
Fairness – to balance justly the needs of the buyer with the interests of the seller. To this end, we will:
Represent products in a clear way in selling, advertising and other forms of communication; this includes the avoidance of false, misleading and deceptive promotion.
Reject manipulations and sales tactics that harm customer trust.
Refuse to engage in price fixing, predatory pricing, price gouging or “bait-and-switch” tactics.
Avoid knowing participation in conflicts of interest.
Seek to protect the private information of customers, employees and partners.
Respect – to acknowledge the basic human dignity of all stakeholders. To this end, we will:
Value individual differences and avoid stereotyping customers or depicting demographic groups (e.g., gender, race, sexual orientation) in a negative or dehumanizing way.
Listen to the needs of customers and make all reasonable efforts to monitor and improve their satisfaction on an ongoing basis.
Make every effort to understand and respectfully treat buyers, suppliers, intermediaries and distributors from all cultures.
Acknowledge the contributions of others, such as consultants, employees and coworkers, to marketing endeavors.
Treat everyone, including our competitors, as we would wish to be treated.
Transparency – to create a spirit of openness in marketing operations. To this end, we will:
Strive to communicate clearly with all constituencies.
Accept constructive criticism from customers and other stakeholders.
Explain and take appropriate action regarding significant product or service risks, component substitutions or other foreseeable eventualities that could affect customers or their perception of the purchase decision.
Disclose list prices and terms of financing as well as available price deals and adjustments.
What are the symptoms of a tooth abscess spreading?
A mouth abscess may take several months to develop. There will often be noticeable pain and swelling close to the affected tooth after an abscess has formed. It may take a few more weeks or months for the infection to spread to other tissues and cause problems if it is not treated.
Can an abscessed tooth be stopped in its tracks with medication?It's possible that you won't require antibiotics if the illness is restricted to the abscessed area. However, if the illness has already impacted your jaw, neighboring teeth, or other places, your dentist is likely to recommend medications to stop it from spreading. If your immune system is compromised, your dentist may also advise taking antibiotics.
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Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107 were worked on during November and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, the end of the company's operating year. Data from the job cost sheets of the three jobs follow: Job Cost Sheet Job 105 Job 106 Job 107 November costs incurred Direct materials $16,700 $ 9,500 $ 0
Direct labour $13,200 $7,200 $ 0
Manufacturing overhead $21,120 $11,520 $ 0
December costs incurred Direct materials $0 $8,300 $21,700 Direct labour $4,150 $6,100 $10,200
Manufacturing overhead ? ? ?
The following additional information is available
a. Manufacturing overhead is applied to jobs on the basis of direct labour cost
b. Balances in the inventory accounts at november 30 were as follows
Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost
How to solveWork in process on Nov. 30 = $16700 + $13200 + $21120 + $9500 + $7200 + $11520 = $79240
Raw Materials Work in Process
Beg. Bal. 40600 34150 a. Raw materials issued 30000
a. Raw materials issued 30000 b. Direct labor incurred 20450
b. Direct labor incurred 20450 3-b. Manufacturing overhead applied 32720
3-b. Manufacturing overhead applied 32720 End. Bal. 6450 End. Bal. 100600
Finished Goods Manufacturing Overhead
Beg. Bal. 86000 a. Manufacturing overhead incurred 19270
a. Cost of goods manufactured 61810 b. Manufacturing overhead applied 32720
End. Bal. 147810 End. Bal. 1100
Event General Journal Debit Credit
a. Work in process 30000
Raw materials 34150
Manufacturing overhead 4150
(To record issue of materials)
b. Work in process 20450
Salaries & wages payable 28650
Manufacturing overhead 8200
(To record labor costs incurred)
c. Manufacturing overhead 19270
Accounts payable 19270
(To record manufacturing overhead costs incurred)
Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost
Event General Journal Debit Credit
1 Work in process 61810
Finished goods 61810
(To record jobs completed and transferred)
Cost of Job 105 completed and transferred to finished goods = $16700 + $13200 + $21120 + $4150 + (160% x $4150) = $61810
Job 106 Job 107 Total
Direct materials 17800 21700 39500
Direct labor 13300 10200 23500
Manufacturing overhead 21280 16320 37600
Total cost $ 52380 48220 100600
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How does saving influence economic activity?
How does saving influence economic activity? by making more money available to be used by individuals, businesses, and the government. When the borrowed money is spent, the demand for goods and services is increased, which creates more jobs and spending for workers.
equifax data breach settlement time spent examples
In 2017, Equifax, one of the three largest credit reporting agencies in the United States, suffered a massive data breach that exposed the personal information of millions of Americans.
This breach was one of the largest in history, affecting nearly 147 million people. As a result of this breach, Equifax was required to provide compensation to affected individuals, and many people spent time filing claims and waiting for their settlements.
Here are some examples of the time spent by individuals involved in the Equifax data breach settlement:
1. Filing a Claim: The process of filing a claim for the Equifax data breach settlement took many people several hours to complete. This involved providing personal information, such as name, address, and Social Security number, as well as documentation to support any claims for financial losses.
2. Waiting for a Response: After filing a claim, many people had to wait several months to hear back from Equifax regarding their settlement. This delay was due to the large number of claims filed and the need for Equifax to verify each claim.
3. Checking Settlement Status: Once a settlement was approved, many people had to spend time checking the status of their settlement to ensure that they received the compensation they were entitled to. This process involved contacting Equifax, reviewing settlement documents, and following up on any issues or discrepancies.
4. Taking Action if Settlement was Insufficient: Some people found that the settlement they received was insufficient to cover their losses. In these cases, individuals had to spend additional time appealing their settlement or pursuing legal action against Equifax. Overall, the Equifax data breach settlement required a significant amount of time and effort on the part of affected individuals. The process of filing a claim, waiting for a response, and checking settlement status was time-consuming and frustrating for many people. However, the settlement provided compensation for the harm caused by the breach, and it highlighted the need for stronger data privacy regulations and better protections for consumer data.
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I need help please. I just need verification if these are the right answers- if not, then please correct me.
If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
An organization that has a strong ethical environment usually has a core value of placing _______ interests first. a. stockholders' b. government's c. competitors' d. management's e. customers'
An organization that has a strong ethical environment usually has a core value of placing customers interests first.
What is Environmental ethics ?Environmental ethics can be regarded as as the are that focus on the conceptual foundations of environmental values and handling of issues in order to sustain biodiversity and ecological systems.
Therefore, option E is correct.
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