Records revenues and expenses when they are incurred.
The notion of accrual basis accounting (time basis) is one of the basics in making accounting records. Revenues and expenses are recognized (recorded) when the transaction occurs regardless of whether cash is received or disbursed. This accrual basis is more widely used in business practices than cash basis accounting.
The accrual basis has two main concepts, including the following:
Revenue Recognition, on an accrual basis, revenue is recorded when bad debts arise. The company's revenue has been recognized from bad debts from consumers even though cash has not been received. This is also because when cash actually receives revenue is not so important.Expense Recognition, on an accrual basis, the accrued expenses will be recorded as accounts payable in the current liabilities section of the balance sheet. The company will incur unpaid expenses and become an expense in the income statement. Usually, the company makes a separate cash flow statement indirectly this is an overhead cost.You can learn more about notion of accrual basis accounting here brainly.com/question/14947252
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consider a system of sequential tasks along a single path. the processing time of a non-bottleneck resource is reduced. then we can most clearly conclude that for this system
Consider a system of sequential tasks along a single path. The processing time of a non-bottleneck resource is reduced. then we can most clearly conclude that for this system is average inventory will increase.
Consider a serial sequence of assignments. The processing period of a non-bottleneck resource is reduced. Then we can simply infer that the average inventory will increase. inventory can moreover increase if the supply of the product is decreased while demand stays relatively constant.
Within the responsibilities view, you could speedy look for tasks either by precis or with the aid of category. searching by way of summary: click on the quest icon to enlarge the drop-down list. choose the search situation from the list.
Genuinely press Ctrl+Shift+escape to your keyboard to carry up the assignment manager. on the keyboard, press "Ctrl + Alt + Delete," and you will see a few alternatives. To open a project manager, pick out "venture supervisor." To open the challenge manager, proper-click on the start button on the taskbar.
Press Ctrl+Alt+Delete, and select task supervisor. From the beginning display, kind “mission” (assignment manager will display up in apps listing) then hit enter. From the computer, properly click on the challenge bar and pick out “challenge supervisor” from the context menu.
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how would you expect judge oh to rule in a case where a toy manufacturer is being sued for producing a toy that led to the death of an infant when the infant swallowed the tiny colored beads that were an important part of the toy?
Because the company disregarded its obligation to the weak, I anticipate Judge Oh to decide in favor of the parents of the deceased infant.
What is an obligation?To uphold the law or morality, one must behave in a particular way. Obligations and other restrictions limit freedom. Those who are required to fulfill responsibilities can choose to do so voluntarily. There is responsibility when there is a choice between what is morally right and evil. There are also duties that apply in other situations and are classified as normative behavior. These include social obligations, religious obligations, political obligations, and perhaps obligations of etiquette. Even though some people have obligations for other reasons, such as tradition or societal responsibilities, these obligations are frequently legally binding and can result in consequences if broken.
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Vicky keeps a close eye on her company’s internal and external environment to discover possible opportunities for new products and to discern possible threats from the competition. In which activity is vicky engaged?.
Vicky keeps a close eye on her company’s internal and external environment to discover possible opportunities for new products and to discern possible threats from the competition. Vicky is engaged in SWOT analysis.
All the bodily environments on the planet are known as the surroundings. The environment includes the entirety living and everything nonliving. The nonliving part of the surroundings has three essential parts: the surroundings, the hydrosphere, and the lithosphere.
Surroundings especially include ecosystems, hydrosphere, lithosphere, and biosphere. However, it may be more or less divided into two types which include (a) Microenvironment and (b) Macro surroundings. it may also be divided into other sorts inclusive of (c) physical and (d) Biotic surroundings.
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a project manager wants to minimize risk and provide some independent checks and balances on contractor work. which contract model should the organization use?
The organization should use Construction management.
What is Construction Management?
Construction management is a specialized service that gives project owners effective control over the project's budget, timeline, scope, quality, and function. All project delivery techniques are compatible with construction management. No of the situation, the owner and a successful project are the duty of the construction manager (CM).
Three partners, excluding the CM, make up a capital project at its core:
The owner, who commissions the project and either provides direct funding for it or does so in a number of other ways.The project's designer, the architect or engineer.The general contractor is in charge of managing subcontractors and supervising daily activities.To learn more about Construction Management
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a corporation is a complex business compared to a sole . the process of filing all applicable legal documents to register a corporation with the government is known as .
A corporation is a complicated commercial enterprise as compared to a sole. the procedure of filing all relevant legal documents to sign in a business enterprise with the authorities is referred to as Taxation.
A corporation conducts enterprise, realizes net earnings or loss, will pay taxes, and distributes profits to shareholders. The earnings of an enterprise are taxed to the corporation while earned and then are taxed to the shareholders when allotted as dividends.
A corporation is a popular connection with a business whereas a business enterprise is a reference to a particular sort of commercial enterprise entity. An agency is owned by its shareholders while a business enterprise may be owned both by the enterprise proprietor in full (sole proprietorship), numerous people (partnership), or others (shareholders).
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Blissful breeze manufactures and sells ceiling fans. Each fan has a unit product cost of $112 and a unit selling price of $190. If blissful breeze produces 900 fans and sells 842 fans this month, the total cost of goods sold will be $______.
The total cost of goods sold will be $94,304. The cost of items that are manufactured or bought, then sold, is referred to as COGS.
What is the difference between cost and COGS?While COGS examines the direct expenses connected to the manufacture of a company's goods, the cost of sales examines the direct and indirect costs connected to a company's sale of its goods and services.
Given,
Total Production(units) = 900
Selling Production (units) = 842
Product cost = $112
Selling price = $190
Required to calculate COGS =?
COGS = Selling Production (units) x Product cost
COGS = 842 x 112 =94,304
Thus, the Cost of Goods Sold is $94,304
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For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firm’s shares demanded equals the quantity supplied. Why, then, do the prices of stock shares change?.
The reason why the prices of stock shares change is because the Prices change is one that is in reaction to a mismatch between Quantity demanded and Quantity supplied.
Why is the case above that way?Note that another reason why the prices of stock shares change is because the Prices change is the prices of the stock shares can be altered due to alterations in the expectation of the investors (such as the buyers of stock).
Thus, the prices are known to change so that it can be able to adjust the demand as well as the supply of stocks so that the equilibrium can be attained where the numbers of shares sold as well as the purchased are known to be equal.
Therefore, The reason why the prices of stock shares change is because the Prices change is one that is in reaction to a mismatch between Quantity demanded and Quantity supplied.
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stakeholders include those affected by the result of the project, but not those affected by the process of performing the project. group of answer choices true false
The given statement is false that stakeholders include those affected by the result of the project, but not those affected by the process of performing the project.
A stakeholder is a party who has an interest in a company and can influence or be influenced by it. A typical corporation's primary stakeholders are its investors, employees, customers, and suppliers. However, as corporate social responsibility has gained prominence, the concept has been expanded to include communities, governments, and trade associations
Stakeholders can be both internal and external to a company. Internal stakeholders are individuals who have a direct interest in a company, such as employees, owners, or investors. External stakeholders are those who do not directly work for a company but are affected in some way by its actions and outcomes. External stakeholders include suppliers, creditors, and public groups.
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If you wanted to purchase a car the costs $3,600 and you had 12 months to save, you would need to save.
to reach your goal.
A $200
C $400
B
D
$300
$500
each month
Answer:
hahaha
Explanation:
consequently, prismpaints corp. has vouched to make its products as safe as possible. therefore, it manufactures polyethanal-free paints even though this increases its costs and reduces the dividends paid to its shareholders in the long run
Economic responsibilities toward its shareholders is Prism Paints Corp. primarily compromising in this scenario. Thus, option B is the correct option.
What is divided?A dividend can be defined as the amount that the shareholder usually gets after the company announces the rate at which it will be giving the dividend. It is often created or given after the firm earns a profit.
Prism Paints Corp is said to be a firm that has chosen its responsibilities towards the societies for not using the polyethylene that was affecting the environment as well as people. Even if it increases its value or may lose some customers.
In this process the shareholders will receive less amount of dividends and will be influenced by the same and the company is neglecting their welfare in this process. Therefore, option B is the correct option.
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The question is incomplete, the complete question is :
The amount of polyethanal that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is hazardous to health and the environment and is considered a legal offense. Consequently, PrismPaints Corp. has vouched to make its products as safe aspossible. Therefore, it manufactures polyethanal-free paints even though this increases its costs and reduces the dividends paid to its shareholders in the long run. Which of the following responsibilities is Prism Paints Corp. primarily compromising in this scenario?A) legal responsibilities toward the governmentB) economic responsibilities toward its shareholdersC) philanthropic responsibilities toward the local communityD) ethical responsibilities toward the society
true or false: the marketing department helps support the goals of management by working with a network of other departments and employees to provide the customer-satisfying products that help the organization to survive and prosper.
Answer:true
Explanation: management is responsible for establishing goals
The marketing department helps support the goals of management by working with a network of other departments and employees to provide the customer-satisfying products that help the organization to survive and prosper. This statement was true. Thus, option (a) is correct.
What is management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the management was each department was the important. The marketing department was the provided the information to the customers and the customer-satisfying products to the purchase more are the growth the organization are the achieved the goal.
As a result, the statement was true. Therefore, option (a) is correct.
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as a securities dealer, patrick is able to easily know and compare the prices of stocks, which are now consolidated in a national market system. which federal regulation established this process?
As a securities dealer, Patrick is able to easily know and compare the prices of stocks, which are now consolidated in a national market system. The Securities Act Amendments of 1975 is the federal regulation that established this process.
According to the Securities Act Amendments, neither a municipal securities issuer nor an employee of a municipal securities issuer acting in the course of his official duties shall be deemed to be a municipal securities dealer for the purposes of the Act's regulatory purposes by reason of the purchase or sale of securities. In order to ensure greater financial transparency and accuracy and less fraud or manipulation, the Securities Exchange Act of 1934 (SEA) was developed to regulate securities transactions on the secondary market, after the issue. Companies subject to the Securities Exchange Act and whose securities are held by more than 500 owners are required to submit annual and other periodic reports to the SEC.
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jeffrey's mom specifically asked for a cip cast iron pan for her birthday. as jeffrey scanned the stock in two department stores, he found ten different brands, none of which were cip. when he found cip in a kitchen specialty shop, he was challenged to tell the difference between his mom's choice and the others. he was reminded of his business class, in which he learned about competition, where many sellers may be offering very similar products. through various means, each seller differentiates his product from the competition. multiple choice perfect oligopolistic limited monopolistic
He was reminded of his business class, in which he learned about monopolistic competition.
Business is the interest of creating one's dwelling or earning profits by way of generating or shopping for and selling merchandise. it's also "any hobby or corporation entered into for profit."
A business enterprise is described as a business enterprise or enterprising entity engaged in industrial, commercial, or expert sports. companies can be for-income entities or non-profit companies. commercial enterprise sorts variety from confined liability companies to sole proprietorships, groups, and partnerships.
The definition of business is an career or exchange and the acquisition and sale of services or products to make a earnings. An instance of enterprise is farming. An example of business is a house sale.
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bob mills furniture aims to improve the lives of many people. the mission statement could have focused on affordable furniture (product oriented), but instead it focuses on making life better for its customers. this example shows that
The mission statement could have focused on affordable furniture (product-oriented), but instead, it focuses on making life better for its customers. this example shows that market-oriented firms shape their mission statement in terms of customer benefits
What is Marketing?
This refers to the creation of awareness for a product to a customer base to drive them to buy.
Hence, we can see that The mission statement could have focused on affordable furniture (product-oriented), but instead, it focuses on making life better for its customers. this example shows that market-oriented firms shape their mission statement in terms of customer benefits
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what attempts to understand and measure the current process and make performance improvements accordingly?
A continuous process improvement model attempts to understand and measure the current process and make performance improvements accordingly.
Satisfactory management enables agencies to improve their products' reliability, durability, and performance. these factors help differentiate an enterprise from its competitors. better products same happier clients and higher revenue.
Employee overall performance is defined as how an employee fulfills their task duties and executes their required tasks. It refers to the effectiveness, pleasantness, and efficiency of their output. overall performance also contributes to our evaluation of how treasured an employee is to the organization.
A powerful overall performance control method motivates, measures, and develops the performance of personnel to help large-image desires. Leaders can leverage the technique to define expectancies, create desires, provide feedback, examine outcomes, and set up developmental possibilities.
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during an audit of a company’s cash balance on a company with operations in only one country, the auditor is most concerned with which management assertion?
During an audit of a firm's cash balance on a business with operations in only one country, the auditor is most concerned with which existence management assertion.
Management assertions are statements expressed by members of management about specific aspects of a business. The term is most commonly associated with auditing a firm's cash balance, in which the auditors rely on many assertions about the business.
Auditors conduct several audit tests to determine the accuracy of these assertions. The existence assertion states that all account balances for liabilities, assets and equity exist as per the financial statement end of the accounting period.
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according to the kauffman foundation, what would happen to a society if it didn’t have entrepreneurs and new companies?
Kauffman foundation asserts that a society will not exist if it didn’t have entrepreneurs and new companies.
Who is an entrepreneurs?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea usually entails a new product or service rather than an existing business model.
The Kauffman Foundation sees an entrepreneurs as an entity that does three things that includes birth the new, create jobs, and create new net wealth in society.
However, the foundation asserted that a society will not exist if it didn’t have entrepreneurs and new companies.
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an apartment building that sold for $780,000 had a monthly gross income of $8,000. what is its monthly gross rent multiplier?
97.5
$780,000 ÷ $8,000 = 97.5 GRM
GRM means the Grievance Redress Mechanism prepared as could also be agreed between the Parties for the aim of resolving gross rent social issues or grievances arising out of or in reference to the Project Framework Documents.
In order to work out the gross rent multiplier, you'd divide the value of the property by its gross income. As an example, if a property is selling for $5,000,000 and it produces a Gross income of $820,000, the GRM would be $5,000,000 divided by $820,000 which ends during a value of 6.09.
Global Response Management (GRM) may be a veteran-led international medical NGO registered within the u. s. as a 501(c)(3) organization. A "good" GRM depends heavily on the kind of rental market within which your property exists.
A percent defined because the monthly expected rent for a property divided by terms of the property. The lower the rent to value ratio, the higher an investment. A perfect rent to value ratio is 0.7%, and 1% or higher is great.
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crystal has opened a new startup company in web design. within the first month of business, the startup agrees to maintain an accounting firm's website in exchange for someone at the firm doing the startup's tax returns.
The crystal has opened a new startup company in web design. Trade can make everyone better off.
What is company?
The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
The principles of economic interaction best characterize this circumstance; commerce can benefit everyone. The new startup company agreed to pay the startup tax return. They look after the accounting firm's website.
As a result, the trade can everyone can better.
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assume that bubba’s food truck only produces burgers and sushi. if bubba is currently producing at production choice d, his opportunity cost to move to production choice c would be:
Bubba’s food truck only produces burgers and sushi. if bubba is currently producing at production choice d, his opportunity cost to move to production choice c would be 40 pieces of sushi.
Bubba's Food
A 2000-founded American company called Bubba Foods makes frozen hamburgers. Their flagship item, the Bubba burger, is made entirely from USDA Choice beef chuck. The burger doesn't need to be defrosted because it may be cooked directly from freezer. Over the years, they have added new items like a family of turkey burgers, vegetable burgers, and snack bites.
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buchanan corp. is refunding $15 million worth of 11% debt. the new bonds will be issued for 8%. the corporation's tax rate is 37%. the call premium is 10%. what is the net cost of the call premium after taxes?
The bond coupon rate is the total interest rate that is used to calculate periodic charges made to bondholders. The bond coupon rate is further than the yield to maturity.
Net cost call premium = $567,000
Bond coupon rateOption, D is correct.
The net expense of the call premium after taxes is $567,000.
Net cost call premium = Debt x Call premium x (1 - Tax rate)
Net cost call premium = $9,000,000 x 10% x (1 - 37%)
Net cost call premium = $900,000 x 0.63
Net cost call premium = $567,000
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what part of the marketing plan lists the actions the firm must take to accomplish the marketing objectives of the firm?
The part of the marketing plan that lists the actions the firm must take to accomplish its marketing objectives of the firm is the marketing strategy.
What is a Marketing plan?It should be noted that the marketing plan simply means the ideas that are put in place by a company in order to improve sales and revenue.
An overall business plan could include a marketing plan. A well-written marketing plan must have a strong foundation in marketing strategy in order to fulfill its objectives. A marketing strategy may include a list of tasks, but without a solid strategic base, it is of little service to a company.
In this case, the part of the marketing plan that lists the actions the firm must take to accomplish its marketing objectives of the firm is the marketing strategy. It should be noted that Strategies are important to achieve organizational goals.
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on may 1, year 1, bolt corp. issued 11% bonds in the face amount of $1,000,000 that mature on may 1, year 10. the bonds were issued to yield 10%, resulting in a bond premium of $62,000. bolt uses the effective interest method of amortizing bond premiums. interest is payable semiannually on november 1 and may 1. what amount should bolt report as the unamortized bond premium in its october 31, year 1, balance sheet? a. $58,590 b. $58,900 c. $60,100 d. $62,000
On May 1, year 1, bolt corp. issued 11% bonds in the face amount of $1,000,000 that matured on May 1, year 10. the bonds were issued to yield 10%, resulting in a bond premium of $62,000. bolt uses the effective interest method of amortizing bond premiums. interest is payable semiannually on November 1 and May 1:
$60,100
Interest payable= 10000000.110.5=55000
Interest expense= (1000000+62000)0.100.5=53100
Premium amo= 55000-53100= 1900
Unamo=62000-1900=60100
The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR). The compensation a lender or financial organization receives for giving out money is called interest.
The nominal interest rate, the effective interest rate, and the real interest rate are the three primary categories of interest rates. The declared rate on which interest payments are computed is known as the nominal interest on an investment or loan.
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robert jacobs and richard chase (2018). operations and supply chain management, 16th edition, mcgraw-hill. isbn 978-1-260-23890-7 (bound edition), isbn 978-1-260-70637-0
16th Edition of Operations and Supply Chain Management
F. Robert Jacobs and Richard Chase are the authors.
McGraw-Hill Higher Education is the publisher (International)
Type: Reflowable
9781260575941, 1260575942 for printing
ISBN 9781260575941, 1260575942 for printing
eText 9781260579437, 1260579433
eText 1260579433, 9781260579437
The design, operation, and improvement of the systems that produce and deliver the company's main goods and services is known as operations and supply chain management (OSCM). The management of the complete system that creates a product or provides a service is a focus of OCSM.
It is possible to create a supply network for any good or service. Consider a supply network as a pipeline where materials and information are transported.
A business plan that balances the demands of complicated supply networks with the desires of customers is necessary for success in today's global markets.
Operations refers to the manufacturing and service procedures utilized to turn a company's resources into the goods that clients want to buy.
All actions and data connected to the movement and transformation of goods and services from the stage of raw materials to the end-user are included in the supply chain.
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HELP ASAP
Why is it a good idea to shop around before purchasing an auto insurance policy?
A. Not all companies offer the same types of coverage.
B. Many companies make misleading claims about the coverage they provide.
C. There are dozens of companies to choose from and the rates charged vary widely.
D. It helps people secure an auto insurance policy for the next 5 to 10 years.
juliana was assigned to analyze the process her company uses to write proposals. she worked on her report for more than a month. rashmi in the marketing department and john in the finance department gave juliana a lot of information and had several meetings with her. juliana placed an acknowledgments section in her report, where she thanked rashmi and john. what standard best explains juliana's decision to acknowledge her colleagues?
The best standard explains Juliana's decision to acknowledge her colleagues is;
CareCARE (Cooperative for Aid and Relief Anywhere, formerly the Co-operative Remittance of America to Europe) is a leading international humanitarian organization undertaking international development and emergency relief projects. long-term. Founded in 1945,
CARE is a non-governmental, unbiased, and non-governmental organization. It is one of the largest and oldest humanitarian aid organizations focused on eradicating poverty in the world. Operating in 104 countries, CARE reported supporting 1,349 humanitarian and poverty relief projects, reaching more than 92.3 million people directly and 433.3 million people indirectly.
CARE programs in developing countries address various issues, including emergency response, food security, water and sanitation, economic development, climate change, agriculture, education, and health.
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economists argue that rent control is a highly efficient way to help the poor raise their standard of living.
Economists argue that rent control is a highly efficient way to help the poor raise their standard of living. The statement is False.
What is Economists?An economist refers an individual who possesses deep knowledge about the connection between the production that takes place with the help of resources and the output received to determine the growth.
Rent control is a highly efficient way to help the poor raise their standard of living is False. The quantity of legal rise would be limited by rent control, and most landlords support these rules.
Therefore, the statement is False.
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economists argue that rent control is a highly efficient way to help the poor raise their standard of living. True/False.
How does this business attract customers and keep them happy? Customer service Creativity and innovation
Answer:
Explanation:
This business attracts customers by offering excellent customer service and maintaining a high level of creativity and innovation in their products. They keep customers happy by constantly improving their products and services and always keeping them up to date with the latest innovations.Other ways this business might attract customers include offering competitive pricing, providing a high level of quality, and always being available to answer any questions or concerns they may have.
What are the two different approaches an event marketer could take in a sponsorship management career?.
The two different approaches an event marketer could take in a sponsorship management career are Securing corporate sponsorship for events and consulting with companies to find events.
Corporate sponsorships are payments made by a company to a non-profit organization to further the non-profit's mission, generally recognized by the non-profit organization in recognition of the company's support of the non-profit's activities. It is program or special event.
Corporate sponsorship is a business that pays for partnering with a nonprofit organization through an event, project, or program. For example, a company can sponsor his local CV squadron or help build a new facility. A word of warning, corporate sponsorships should not be viewed as donations. As with any form of marketing, it should be used strategically to reach your target audience. When creating your marketing plan, research the events and causes that matter to your ideal customer.
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the economic concept of is the attempt made by people to minimize the expected cost of achieving a given benefit. a. rational self-interest b. rational expectation c. fallacy of composition d. marginal analysis
the economic idea of is the try made with the aid of people to minimize the expected value of accomplishing a given benefit is Rational self-interest.
Some common synonyms of acquire are accomplished, discharge, effect, execute, fulfill, and carry out. at the same time as a majority of these words mean "to perform or into effect," obtain provides to accomplish the implication of conquered difficulties.
Accomplishing sentence example. How do you hope to acquire that? now and again they attain rare beauty by a twist of fate. Assuming she'd done all she turned into imagined so one can achieve her aim, she could know his location within minutes.
It facilitates us accomplishing our desires, and lets in for extra green use of time and other assets. making plans way analyzing and analyzing the goals, as well as the manner wherein we will achieve them. it's miles a method of action to determine what we are going to do and why.
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