suppose you are producing an outdoor festival. you estimate that you will make $100000 if it does not rain and make $50000 if it does rain. the weather bureau predicts that the chance of rain is 25% for the day of the concert. what are your expected earnings for the festival?
Answers
The expected earnings for the festival is $128,700.
Probability is used to determine the chance that a random event would happen. The chance that the random event occurs lie between 0 and 1 or between 0% and 100%. The more likely it is that an event would happen, the more closer to one or hundred percent, the probability value is.
The chance it does not rain = 100% - chance it rains
100% - 46% = 54%
The expected earnings is a function of the chance that it rains, chance it does not rain and the amount that it would earn if it rains or it does not rain.
Expected earnings = (chance it would rain x amount you would earn if it rains) + chance it does rain x amount you would earn if does not rain)
($200,000 x 0.54) + ($45,000 x 0.46)
108,000 + 20,700 = $128,700
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Related Questions
Select the correct answer.
What is an opportunity cost?
Olost benefits of other opportunities
cost of taking up an opportunity
costs incurred to receive the benefits of an opportunity
O costs incurred when the wrong opportunity is selected
Answers
Answer:
lost benefits of other opportunities
Explanation:
Answer: lost benefits of other opportunities
Explanation:
_____ encompasses loyalty and a deep concern for an organization's welfare.
Answers
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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A 25-year, $1,000 par value bond has an 15% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A977.20
B907.41
C930.11
D984.19
E906.86
Answers
The future price of the bond after 5 years will be approximately $901.49. None of the given options matches this value exactly, but the closest option is B. 907.41.
To determine the future price of the bond, we need to calculate the yield to maturity (YTM) and use it to discount the future cash flows. Given that the bond has a 15% annual payment coupon and a par value of $1,000, it means it pays $150 annually ($1,000 x 0.15).
To calculate the yield to maturity (YTM), we can use the current price of $905. The YTM is the discount rate that equates the present value of the bond's cash flows to its current price.
Using a financial calculator or Excel, we can find that the YTM for this bond is approximately 17.12%.
Now, let's calculate the future price of the bond after 5 years using the YTM:
Future price = (Future coupon payments + Future par value) / (1 + YTM)ⁿ
where:
Future coupon payments = Coupon payment x (1 + YTM)ⁿFuture par value = Par value / (1 + YTM)ⁿn = number of yearsPlugging in the values:
Future coupon payments = $150 x (1 + 0.1712)^5 = $317.86
Future par value = $1,000 / (1 + 0.1712)^5 = $584.22
Future price = ($317.86 + $584.22) / (1 + 0.1712)⁵ = $901.49
Therefore, option B. 907.41 is correct.
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Round the following number to the closest tenth: 6.849
Answers
Answer:
rounded to the tenths is 6.8
hope that helps
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
at the very least, an admitted insurance company shall be examined once every ___ years.
Answers
At the very least, an admitted insurance company shall be examined once every five years. This examination is conducted to assess the company's financial condition, compliance with regulations, and overall solvency.
Insurance is a risk management tool that provides financial protection against potential losses. It involves an agreement between an insurance company and an individual or organization, where the insured pays premiums in exchange for coverage. Insurance policies are designed to mitigate the financial impact of unforeseen events such as accidents, illnesses, property damage, or liability claims. Types of insurance include auto, health, life, property, and liability insurance. Insurance helps individuals and businesses manage risks and provides peace of mind by offering financial support in times of need.
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When Cameron and Ashley allow a customer to buy on credit, which account increases? a. debt b. inventory c. accounts payable d. accounts receivable
Answers
When Cameron and Ashley allow a customer to buy on credit, the account that increases is: d. Accounts Receivable.
Accounts receivable is an asset account that represents the amount of money owed to the business by its customers for goods or services sold on credit. When a customer is allowed to buy on credit, the business recognizes the sale as revenue, but the payment is expected to be received at a later date. Therefore, the amount owed by the customer is recorded as an increase to the accounts receivable account. This account will be decreased once the customer pays their debt to the business.
Accounts Receivable is the account that tracks money owed to a business by customers who have made purchases on credit. In this scenario, Cameron and Ashley have extended credit to a customer, meaning they are allowing the customer to pay for their purchase at a later date. As a result, the Accounts Receivable balance will increase.
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Equity securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses as other comprehensive income as other comprehensive income and as a separate component of stockholder's equity are:
A. Securities where a company has holdings of more than 50%.
B. Securities where a company has holdings of between 20% and 50%.
C. Trading securities where a company has holdings of less than 20%.
D. Available-for-sale securities where a company has holdings of less than 20%.
Answers
Equity securities acquired by a corporation, which are accounted for by recognizing unrealized holding gains or losses as other comprehensive income and as a separate component of stockholder's equity, are D. Available-for-sale securities where a company has holdings of less than 20%.
Available-for-sale (AFS) securities are a type of investment that can be easily sold if needed and are not intended for active trading purposes. When a company owns less than 20% of the equity securities of another company, it usually has no significant influence or control over the investee. Therefore, these securities are classified as available for sale.
Unrealized holding gains or losses refer to the fluctuations in the value of these securities due to market changes. These unrealized gains or losses are not recognized in the company's net income; instead, they are recorded as other comprehensive income, which is a separate component of stockholder's equity.
This accounting treatment helps to provide a clearer picture of the company's performance, as it separates temporary market fluctuations from the company's core operations. Hence, D is the correct option.
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When signing a lease for a retail space, it's important to make sure the lease has a _______ clause, which releases the tenant from the lease if sales don't reach an agreed-upon amount. A.tenancy B.bail-out C.co-tenancy D.bankruptcy
Answers
Answer:
Option B (bail-out) is the correct approach.
Explanation:
For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.
Answer:
The answer is most definitely B.bail-out : )
Explanation:
Especially for retail space, be sure your lease includes a bail-out clause, which lets you out of the lease if your sales don’t reach an agreed-on amount, and a co-tenancy clause so you can break the lease if an anchor store closes or moves. If you have to do a lot of work to get the space ready for occupancy, consider negotiating a construction allowance—generally $10 to $25 per square foot—to help offset the costs.
What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Acceptance, Belonging, Contribution
Acceptance, Contribution, Teamwork
Acceptance, Compensation, Rewards
Belonging, Compensation, Teamwork
Answers
Answer:
Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.
Which occurrence is an emerging trend in International agricultural marketing? A the percentage of agricultural trade is decreasing В. the percentage of agricultural trade is increasing C.agricultural markets around the world are shrinking D. developing nations have moved from net importers to net exporters E. developed nations have stopped trading in agriculture
Answers
Answer:
answer is b
Explanation:
Answer:
the answer is b
Explanation:
i got it right on edmentum
One of the efficiency problems with a liquor tax as a Pigouvian
tax is
1.Increased costs for vodka purveyors
2.Improper targeting
3.The decrease in the price of vodka
4.The increase in the price of vo
Answers
The correct option is improper targeting. A Pigouvian tax is a tax placed on goods and services whose use or consumption causes harm to society in order to discourage their use or consumption and promote public welfare.
The tax is designed to equalize the cost to society of consuming the product and the private cost incurred by the consumer. A liquor tax is an example of a Pigouvian tax. The efficiency problems with a liquor tax as a Pigouvian tax are: Improper targeting of individuals who consume more liquor than they should and those who are more vulnerable to the effects of alcohol as a result of their alcoholism or substance abuse.
The problem with targeting is that it may result in harm to the poor who purchase alcohol to help them deal with the economic challenges they face in their daily lives.
The reason for this is that they are more likely to purchase cheaper and more potent alcohol beverages that may contain harmful additives or contaminants.
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A. Preparing a cash flow forecast helps a company to avoid __________.
• net losses
• liquidity
• opportunity costs
• higher financing costs
B. Why are ethical issues complicated for businesses that operate in the global economy?
• Because their employees won't know what the laws are in other countries.
• Because they tend to have more employees.
• Because different cultures have different norms and values.
• Because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
• AFN
• equity
• inventory
• sales forecast
Answers
1) Preparing a cash flow forecast helps a company to avoid net losses. (Option A)
2) Note that ethical issues are complicated for businesses that operate in the global economy "Because different cultures have different norms and values." (Option C)
3) The pro forma balance sheet shows how the AFN resulting from a strategic plan will be financed. (Option A)
What is AFN?In finance, AFN means Additional Funds Needed.
Additional funds required (AFN) is a financial term that is utilized when a company wants to expand its activities. Because a company that wants to raise its sales would need more assets to do so, some needs to be made to handle the rise in assets.
This may be determined using mathematical methods that employ inputs from a company's financial accounts.
AFN = projected rise in assets - spontaneous increase in liabilities - any increase in retained profits, is the simpler calculation.
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Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?
(THIS IS CRITICAL THINKING!!!)
Answers
Renewable energy encompasses a variety of sources, including solar, wind, hydro, geothermal, and biomass, and offers numerous benefits. For one, it reduces our reliance on nonrenewable resources, such as oil and gas, which are finite and emit harmful pollutants when burned. Renewable energy sources, on the other hand, are clean and emit little to no greenhouse gases, making them a more environmentally-friendly option.
In addition, the renewable energy industry is creating jobs and stimulating economic growth. As more companies invest in renewable energy, new jobs are being created in areas such as installation, maintenance, and research and development. This can also lead to the growth of local economies as companies establish new facilities and infrastructure.
Personally, I would be very interested in working in the renewable energy industry. I believe that it is a rapidly growing field that is making a positive impact on the environment and our society. Working in this industry would allow me to contribute to the development of new technology and solutions to the challenges we face related to energy and climate change.
Another emerging industry that is gaining attention is the field of artificial intelligence (AI). AI is rapidly changing the way we live and work, with applications in fields such as healthcare, transportation, and finance. AI technologies, such as machine learning and natural language processing, are being developed to automate tasks, improve efficiency, and enable new capabilities.
However, the growth of AI also presents challenges and concerns, such as the potential for job displacement and the ethical implications of using AI in decision-making processes. As such, the industry is still in a period of rapid evolution and uncertainty.
Personally, I find the field of AI fascinating and believe it has the potential to make significant positive impacts on society. However, I am also mindful of the potential risks and ethical considerations involved in developing and deploying AI technologies. As such, if I were to work in this industry, I would want to ensure that I am contributing to the development of responsible and ethical AI solutions.
Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?(THIS IS CRITICAL THINKING!!!)
if wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to
Answers
If wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to 9 percent.
Real income, also known as real wage when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account.
The average hourly wage rate expressed in dollars over a specified reference base period is known as the real wage rate. It demonstrates how many goods and services one hour of work can buy. Real wage rate is calculated as (current-year nominal wage rate / current-year CPI) x 100%.
Real wages are decreased by inflation through a decline in the capital stock and a change in relative prices, respectively. The two effects combine to cause a decline in real wages that is greater than the corresponding decline in per-capita GDP. During times of high inflation, this mechanism could contribute to rising poverty.
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Committed fixed costs include ______. Multiple select question. Top management salaries research public relations real estate taxes
Answers
Committed fixed costs include top management salaries and real estate taxes.
Committed fixed costs are costs that are long-term and cannot be easily adjusted or eliminated without significantly impacting the company's operations. Top management salaries and real estate taxes are examples of committed fixed costs because they are essential for a company's operations, and they cannot be easily reduced or eliminated without affecting the company's overall performance.
Because committed fixed costs are fixed in nature, they can be a challenge for businesses to manage in times of low sales or unexpected financial difficulties. If a business is unable to generate enough revenue to cover its committed fixed costs, it may be forced to reduce production or lay off employees in order to cut expenses.
Hence, the correct option will be (a). top management salaries and (d). real estate taxes.
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when journaling a correcting entry, what do you debit in the transaction that incorrectly debited electric expense instead of utilities expense? question 17 options: utilities expense miscellaneous expense electric expense cash
Answers
When journaling a correcting entry to correct an incorrect transaction that debited electric expenses instead of utility expenses, you would debit Utility Expenses and credit Electric Expenses. Here option A and C are the correct answer.
The purpose of the correcting entry is to make an adjustment to the original transaction so that it accurately reflects the correct account. In this case, the original transaction incorrectly debited Electric Expense, which is not the correct account. To correct the mistake, you would debit Utilities Expense, which is the correct account, and credit Electric Expense to reverse the original entry.
The debit to Utilities Expense (A) will increase the amount in that account, which reflects the actual cost incurred for the utility services. The credit to Electric Expense (C) will decrease the amount in that account, which corrects the error that was made in the original transaction.
Complete question:
when journaling a correcting entry, what do you debit in the transaction that incorrectly debited electric expense instead of utilities expense?
A - utilities expense
B - miscellaneous expense
C - electric expense
D - cash
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explain the aims of accelerated growth Initiative for South Africa
Answers
Answer:
The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was prepared during 2005 and launched in February 2006. Its objectives were to introduce policies, programmes and interventions that would allow the South African economy to grow enough to halve poverty and unemployment between 2004 and 2014.
may this help u and have a good day
Alan is recording payroll that was processed outside of QuickBooks. Which QuickBooks function would be most useful? o Payroll summary o Pay bills o Journal entries o New invoice
Answers
A new invoice is recording payroll that was processed outside of QuickBooks. Thus option (D) is correct.
What is payroll?The process of paying employees' salaries is known as payroll. Making a list of the personnel who need to be paid comes first, and recording the expenses comes last. It's a complicated procedure that requires cooperation from numerous teams, including payroll, HR, and finance. Payroll deductions are sums of money taken out of an employee's overall pay to cover taxes, garnishments, and benefits like health insurance.
Invoicing. One of the most important tasks for many organizations, especially those that offer services or depend on independent contractors, is billing. Invoice creation in QuickBooks is simple, whether you're starting from scratch or using a previous estimate. Even an invoice for recurring payments can be created.
Therefore, Thus option (D) is correct.
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which of the following is an invoice presented by the carrier to a shipper
A: bill of lading
B: carrier freight bill
C: delivery receipt
Answers
What is the difference between asset management and wealth management
Answers
Answer:
here is ur answer
Explanation:
wealth management comes down to what services you need. Asset management is about choosing and managing investments. Wealth management, on the other hand, looks more broadly at a person's financial life and portfolio. Some financial advisors do both, allowing you to hire just one person for the job.
It all boils down to the services you require in terms of wealth management. Asset management is the process of selecting and managing investments.
Wealth management, on the other hand, examines a person's financial life and portfolio in greater depth. Some financial advisors do both functions, allowing you to hire only one person for the job.
Is asset management part of wealth management?Wealth management entails supervising all of the client's financial elements, which may include asset management, taxes, estate planning, cash flow management, and all other conceivable uses of money. Thus, wealth management includes asset management and takes a comprehensive perspective of the client's finances.
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Using all 26 letters of the alphabet, can you complete the following 13 words?
(You may use each of the 26 letters only once.)
1. b a __ __ a i n
2. l __ __ g e r
3. d y __ __ s t y
4. __ __ g o t e
5. s a __ __ e
6. d i __ __ p a n
7. p u m __ __ i n
8. d e __ __ a y
9. b o __ __ a r
10. d i __ __ i t
11. s u n __ __ r n
12. o b l __ __ u e
13. l i __ __ o f f
Answers
Below are the completion of the 13 words
1. b a __ __ a i n = bargain
2. l __ __ g e r = ledger
3. d y __ __ s t y = dynasty
4. __ __ g o t e = Zygote
5. s a __ __ e = Sabre
6. d i __ __ p a n = Dishpan
7. p u m __ __ i n = Pumpkin
8. d e __ __ a y = Defray
9. b o __ __ a r = Boxcar
10. d i __ i t = Digit
11. s u n __ __ r n = Sunburn
12. o b l __ __ u e = Oblique
13. l i __ __ o f f = Liftoff
What is an alphabet?A set of characters used to represent a language's phonetic structure is called an alphabet. The characters are typically placed in a specific order or sequence in most alphabets.
An alphabet is a set of basic written graphemes that are standardized and serve to represent the phonemes of specific spoken languages. In this case, the correct words are given above.
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The EU is an economic bloc that eliminates tariffs and provides freedom of movement for all of the following EXCEPT ________.
A. goods
B. sovereignty
C. capital
D. persons
E. services
Answers
The EU is an economic bloc that eliminates tariffs and provides freedom of movement for goods, capital, persons, and services within its member states.
The answer to the question is B. sovereignty. Sovereignty refers to the independent authority of a state to govern itself without interference from other states. The EU is a supranational organization, meaning that it has authority above its member states in certain areas, such as trade and competition policy.
However, member states still retain their sovereignty in other areas, such as foreign policy and national defense. Therefore, the EU does not provide freedom of movement for sovereignty.
Overall, the EU has created a single market that promotes economic integration and cooperation among its member states, while respecting their individual sovereignty.
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Question # 1 Long Text (essay) Submit two news story summaries, noting the following: agency name(s), parties affected by the decision, status on period for comment, status on decision-making, and what decisions you would make in similar situations.
Answers
The answer is The public may not make technical decisions, but their opinions deserve consideration by those who are making those decisions.
What does making decisions mean?The process of choosing a course of action involves recognizing a decision, acquiring data, and weighing potential answers.
What three ways can one make a decision?Based on the level at which they occur, decision-making may also be divided into three types. The direction of an organization is decided upon strategically. Decisions regarding how something will be accomplished are considered tactical. Lastly, operational decisions are choices that staff members make every day to manage the company.
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Which of the following accounts normally has a debit balance? a. Revenue b. Dividends c. Share capital d. Retained Earnings
Answers
Option B . dividends. In accounting, a debit balance refers to the amount of money owed or the value of an account that is greater than the credit balance. The opposite of a debit balance is a credit balance, which means that the credits in an account exceed the debits.
Out of the options given, only two accounts normally have debit balances - Dividends and Retained Earnings. Dividends are payments made by a company to its shareholders as a distribution of profits. Since dividends reduce a company's retained earnings, they are recorded as a debit entry in the accounting records.
Retained earnings, on the other hand, represent the cumulative profits and losses of a company over time that have not been distributed as dividends. When a company earns a profit, it increases its retained earnings account with a credit entry. Conversely, when the company incurs a loss, it decreases retained earnings with a debit entry. If the company pays out dividends, it reduces its retained earnings balance with a debit entry.
Revenue and Share Capital both typically have credit balances. Revenue represents the money earned by a company from the sale of goods or services, therefore it increases with a credit entry. Share capital reflects the amount of money invested by shareholders into a company, thus it is also increased with a credit entry.
In conclusion, while there are different types of accounts in accounting, dividends and retained earnings accounts normally have a debit balance.
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ian gonna need these so here
Answers
Answer:
hi
Explanation:
If broker tim advertises a property for sale that he doesn’t intend to sell so that he can attract potential buyers, tim is practicing:________
Answers
If broker Tim advertises a property for sale that he doesn't intend to sell in order to attract potential buyers, he is practicing a deceptive tactic known as "phantom listing" or "bait-and-switch."
This strategy is aimed at luring prospective buyers to contact Tim and inquire about the property, only to be informed that it is no longer available but that Tim has other properties they might be interested in.
By advertising a property that Tim has no intention of selling, he is engaging in unethical behavior that misleads and deceives potential buyers. This can waste the time and effort of those who genuinely want to purchase a property and can damage the trust between buyers and real estate agents.
The intention behind phantom listing is usually to attract leads and generate interest in other properties that are available. However, this practice is frowned upon in the real estate industry and may result in legal consequences.
In summary, if broker Tim advertises a property for sale that he doesn't intend to sell in order to attract potential buyers, he is practicing the deceptive tactic known as "phantom listing" or "bait-and-switch." This unethical behavior can harm the trust between buyers and real estate agents.
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If broker Tim advertises a property for sale that he doesn't intend to sell in order to attract potential buyers, Tim is practicing a deceptive tactic called "phantom listing" or "dummy listing."
This strategy is commonly used by some brokers to generate interest and leads from prospective buyers. By advertising a property that is not actually available, the broker aims to gather contact information from potential buyers who are interested in the property. They can then use this information to promote other listings or properties that are genuinely for sale.
Phantom listings can mislead and waste the time of interested buyers, which is why it is considered unethical in the real estate industry.
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Question 1
visor
Samantha is working through the Client Needs Assessment process.
BOOKS
Which 4 areas should she focus on to gather information for her
client?
(Select all that apply)
view
Doard
Who is the client
ng
Why did the client start their business
ses
U
What services does the client need
I!
How will the client work be completed
Which team member will do the work
ts
Answers
The Company Setup, Banking Activities, Common Problems, and Transaction Volume sections make up the Client Overview tab. To quickly assess the status of a client's file, you can access a multitude of real-time information.
Review of client data is where it is in QuickBooks.For each of you clients, you can quickly determine the status of the most recent book reviews: To access the Clients menu in QuickBooks Online Accounting, click. Decide which tab is for bookkeeping. Review the column's status for book reviews.
Which four categories of goods and services are there?Convenience goods, shopping products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.
physical strength
clear speaking
teamwork
alertness
repair skills
a driver’s license
Answers
Answer:
B,C,D ON EDGE 2020-2021
Explanation:
Based on the information given, the qualities Air Traffic Controllers need are:
Clear speakingTeamworkAlertnessThe correct options are B, C, and D.
What does an air traffic controller do?They control the flow of aircraft into and out of the airport's airspace, direct pilots during takeoff and landing, and keep an eye on the movement of aircraft in the sky. To communicate with pilots, air traffic controllers employ radio technology.
Clear speaking is necessary because Air Traffic Controllers are responsible for communicating with pilots to provide them with critical information, such as weather conditions, runway changes, and other important details. Any miscommunication or misunderstanding could have severe consequences, so it's essential that Air Traffic Controllers are articulate and can communicate clearly.
Teamwork is also crucial for Air Traffic Controllers because they work closely with other Air Traffic Controllers and other professionals, such as pilots, airport personnel, and maintenance crews. They need to be able to coordinate and collaborate effectively to ensure the safe and efficient flow of air traffic.
Thus, the ideal selections are options B, C, and D.
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The exporter endorses the ________ so title to the goods is transferred to the bank.
a. promissory note
b. draft
c. letter of credit
d. bill of lading
Answers
The exporter endorses the bill of lading so title to the goods is transferred to the bank.
A bill of lading with the exporter's signature on it grants the bank ownership of the goods. The receipt of items for shipment is acknowledged by a bill of lading, which is a legal document provided by the carrier or shipping firm. It functions as both a proof of title for the goods and a record of the transportation contract. By signing the bill of lading, the exporter gives the bank custody of the products up until the terms or conditions outlined in the transaction are satisfied. This gives the bank ownership of the items while they are being transported. When conducting international business, this method offers security to both the exporter and the importer.
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