Blue Inc. has agreed to make the payment for purchased goods costing 70,000 shillings on August 1. The payment is made on September 1 in shillings. Calculate the exchange gain or loss on the payment made by Blue Inc. (Round answer to two decimal places.) The spot rates of dollars for shillings are as follows:
August 1 $1 = 105.16
September 1 $1 = 109.95
a.$29.00 exchange gain
b.$14.24 exchange gain
c.$18.54 exchange loss
d.$32.47 exchange loss
Answers
The payment is made on September 1 in shillings. Blue Inc. would incur a $14.24 exchange gain on the payment made.
To calculate the exchange gain or loss, we need to compare the spot rates of dollars for shillings on August 1 and September 1.
The spot rate on August 1 is $1 = 105.16 shillings, and on September 1 it is $1 = 109.95 shillings.
To determine the exchange gain or loss, we calculate the difference between the two spot rates:
Exchange gain or loss = Spot rate on September 1 - Spot rate on August 1
Exchange gain or loss = 109.95 - 105.16
Exchange gain or loss = 4.79 shillings
Since the payment is made in shillings, the exchange gain or loss is the difference in shillings. To convert it to dollars, we divide the gain or loss by the spot rate on September 1:
Exchange gain or loss = 4.79 shillings / 109.95 shillings per dollar
Exchange gain or loss ≈ $0.0436
Rounded to two decimal places, the exchange gain is approximately $0.04. Therefore, Blue Inc. would incur a $14.24 exchange gain on the payment made.
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Related Questions
1. Which is the common factor of 24 and 32?
D. 32
D. 28
D. 19
A 8
B. 16
C. 24
2. What is the greatest common factor of 14 and 567
A7
B. 14
C. 21
3. What is the greatest common factor (GCF) of 16 and 24?
A. 6
B.8
C. 12
4. Which of the following is the greatest common factor of 28 and 367
A. 4
B.7
C. 8
5. The following numbers are common factors of 28 and 56 except?
A. 7
B. 14
C. 8
6. What is the Least Common Multiple (LCM) of 7 and 87
D.9
D. 28
A. 56
B. 68
C. 84
D. 146
7. What is the least common multiple of 6 and 147
A. 42
B.54
C.76
D.84
8. What is the least number of carpenters that an engineer must hire If he wants to
arrange them in groups of 4, 5, 6 with no left over?
A. 120
B.150
C.60
D.240
9. During a car race, two competitors will stop to fill up the fuel tank. One does it
every 4 laps, and the other every 5 laps. If they travel at the same speed, how
many laps will they meet again at the fuel station?
A. 16
B. 20
C.25
D. 30
10. What is the least common multiple (LCM) of 12 and 14?
A. 54
B. 68
C. 84
D. 146
please answer me please
Answers
Answer:65
Explanation:
Answer:
8
Explanation:
What personnel records would you suggest for a small retailer with three employees?
Answers
Explanation:
For a small retailer with three employees, the ideal would be to keep personnel records well organized, because regardless of the size of the company, the records function as a perspective of the human resources department and a protection for the company, therefore it is essential that the company have registration forms, selection data, evaluation reports, disciplinary forms, job description, social security number, etc.
I am the head of a major company and it has been brought to my attention that
there is a problem with keeping employees. Soon after being hired they quit and
this is cause our training budget to be extremely high. Please explain the steps
you would take to solve this problem.
Answers
list the things that a person going for foreign employment shouldn't do
Answers
When seeking foreign employment, a person should avoid using unauthorized agents, submitting fraudulent documents, accepting illegal or dangerous jobs, failing to research local laws, etc.
What is a Foreign Employment?Foreign employment refers to working in a foreign country, typically with a work visa or permit.
When going for foreign employment, a person should not:
Use unauthorized agents or brokers to secure a job abroad.Submit fraudulent or false documents to obtain a visa or work permit.Accept job offers that appear too good to be true or do not provide proper compensation and working conditions.Agree to work in jobs that are illegal or dangerous.Fail to research and understand the laws and regulations of the country where they will be working.Travel abroad without proper documentation or insurance.Engage in illegal or unethical behavior while abroad, which could lead to arrest or deportation.Learn more about foreign employment on:
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What does it mean to “authenticate” your payment? How do these payment systems authenticate?
Answers
Answer:
Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.
While in the planning stage, what would a project manager create through the use of software?
O a proposal for what the project will entail
O a list of goals for the project to meet
O a timeline or schedule for the project
O an evaluation of the project
Answers
an evaluation of the project
Before Pepsi-Cola stamped freshness dates on its cans, few consumers considered cola freshness an issue. After Pepsi spent about $25 million on advertising and promotion, a consumer survey found that 61 percent of cola drinkers thought it important. This is an example of using which attitude change strategy?
a. changing beliefs about the extent to which a brand has certain attributes
b. encouraging the consumer to use stimulus generalization
c. adding new attributes to the product
d. encouraging the consumer to use stimulus discrimination
Answers
Below are the complete options:
changing beliefs about the extent to which a brand has certain attributes
encouraging the consumer to use stimulus generalization
adding new attributes to the product
encouraging the consumer to use stimulus discrimination
changing the importance of attributes
Answer:
changing the importance of attributes
Explanation:
Freshness dates shows for how long a drink can be considered to not have expired. For example Pepsi can be considered to give freshness from 6-9 months after the date printed on the bottle.
Pepsi spent about $25 million on advertising and promotion related to freshness dates. Initially freshness dates were only seen as important by a few people.
This resulted in 61 percent of cola drinkers now thinking it is important.
This exemplifies how importance of a product's attribute can be changed
A simple project listing of five activities, their predecessors, and their respective time estimates are presented here: using the cpm, which activities have slack in this project?
Answers
A simple project listing of five activities, their predecessors, and their respective time estimates are presented here: using the CPM. To determine the activities with slack in the project using the Critical Path Method (CPM). We need to identify the critical path first.
The critical path consists of activities that have zero slack, meaning any delay in these activities will directly impact the project's overall duration. The remaining activities that are not on the critical path have slack, indicating they can be delayed without affecting the project's completion time.
It is possible to calculate the critical path and identify the activities with slack using the CPM methodology.
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Regardless of how many reasons that may be given for employee unrest, a union's initial negotiating demands ordinarily focus on wages and benefits because:
A. History has shown that better pay and benefits are always the top concerns of any employee group.
B. The union's negotiators always proceed in the apparent belief that getting people better pay and benefits will attract more membership
C. Economic items such as pay and benefits are objectively measurable; other desires such as respect cannot be objectively measured.
D. Salary and benefits have always been the employees' primary concerns.
Answers
Regardless of how many reasons that may be given for employee unrest, a union's initial negotiating demands ordinarily focus on wages and benefits because the union's negotiators always proceed in the apparent belief that getting people better pay and benefits will attract more membership. The correct option is B.
The reasons for employee unrest are: Unfair labor practices, poor working conditions, inadequate pay, and benefits, poor leadership, lack of job security, poor communication, and employee rights violations. The union's initial negotiating demands focus on wages and benefits regardless of how many reasons that may be given for employee unrest because economic items such as pay and benefits are objectively measurable; other desires such as respect cannot be objectively measured.
Additionally, better pay and benefits are always the top concerns of any employee group, and the union's negotiators always proceed in the apparent belief that getting people better pay and benefits will attract more membership, hence their initial focus on these demands. The correct option is B. The union's negotiators always proceed in the apparent belief that getting people better pay and benefits will attract more membership.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Which are the roles of a bank? Check all that apply.
Storing and holding money
Making purchases to create profits
Lending money
Investing in the economy
Creating money for the economy
Answers
Main purpose of banks
Keep money safe for customers.
Offer customers interest on deposits, helping to protect against money losing value against inflation.
Lending money to firms, customers and homebuyers.
Offering financial advice and related financial services, such as insurance.
The roles a bank plays includes:
Storing and holding moneyLending moneyWhat are banks?A bank is a financial institution that accepts deposits, lends money, stores valuables from customers. The activites of banks are guided by the Central Bank. The Central Bank is responsible for creating money in the economy.
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3) Mr. Jones points out that within the factory operations there is limited machine time. He is trying to decide which of the products should be produced to maximise the profit. He supplies the following information; You are asked to ; a) Compute the Contribution Margin per unit of Limited Resource 9 Marks b) Advise as to which product should be produced. 1 Mark
Answers
Based on the above computation, it is advised to produce Product X as it generates a higher contribution margin per unit of limited resource compared to Product Y.
Mr. Jones has limited machine time in the factory operations and is deciding on the product to be produced to increase profit. The contribution margin per unit of the limited resource is used to calculate the profitability of a product that is measured by dividing the contribution margin by the amount of the resource required to produce it.
The computation for Product X generates $3.11 of contribution margin per unit of limited resource, whereas Product Y has a contribution margin of $2 per unit of limited resource. Therefore, Product X is advised to be produced as it produces a higher contribution margin per unit of limited resource.
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Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.
A. setting up equipment
B. fixing problems with machinery
C. estimating a project’s cost
D. designing equipment
E. teaching people to use equipment
F. writing instructions for assembling equipment
G. purchasing manufacturing equipment
Answers
Answer:
Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.
setting up equipment
fixing problems with machinery
estimating a project’s cost
teaching people to use equipment
Explanation:
Tasks commonly are performed in Maintenance, Installation, and Repair jobs Setting up equipment fixing problems with machinery estimating a project’s cost teaching people to use equipment
What is the equipment?
Equipment is a real long-term asset that provides value to a company over many years of operation. Equipment examples include cars, trucks, and manufacturing machines. They differ from intangible assets (such patents, trademarks, or copyrights), which lack a physical form, in that they are tangible because they do.
Materials and Equipment refer to all types of products, including machinery, vehicles, consumables, parts, and components, as well as any spares or replacements; Samples 1, 2, and 3.
To produce high-quality, economical products, equipment must be carefully developed. Since it is eventually used as the means to implement all of the other enabling technologies, equipment design is necessarily the widest category of the six enabling technologies.
Therefore, option (A, B) is correct.
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explain the correlation between human capital education and income and how will this influence your career choice
Answers
an iceberg the size of london has broken off the antarctic ice shelf
Answers
Answer:
An iceberg nearly the size of Greater London broke off the Brunt Ice Shelf in Antarctica on Sunday according to the British Antarctic Survey. Scientists first discovered significant cracks in the ice shelf a decade ago, but in the last two years there have been two major breaks
Explanation:
Making a complaint to the FTC about a business is a long, complex process.
A.
True
B.
False
Answers
Answer:
B false
Explanation:
Answer:
b. false
explantation
Here are 50 points have a good day or night, hope this helps u out :)
Answers
hi there!
thank you so much, are you sure you dont have any question(s) that i could help you with? because i would be more then happy to help! :)
i hope you have a great rest of your day <3
you are such a good person thank you!
financial intermediaries a. exacerbate all of the problems caused by asymmetric information. b.increase transactions costs for lender dash savers and borrower dash spenders. c.allow for risk sharing for the lender dash savers. d. do not deal with asset transformation.
Answers
Financial intermediaries is c. allow for risk sharing for the lender-savers.
What's financial intermediariesFinancial intermediaries, such as banks and credit unions, act as a middleman between savers and borrowers. One of the main functions of financial intermediaries is to allow for risk sharing for the lender-savers. This means that they spread the risk of lending money among a large number of savers, reducing the individual risk for each saver.
Financial intermediaries do not exacerbate all of the problems caused by asymmetric information (option a), as they actually work to reduce these problems by gathering information about borrowers and making informed lending decisions. .
They also do not increase transaction costs for lender-savers and borrower-spenders (option b), as they typically reduce transaction costs by facilitating the lending process.
Lastly, financial intermediaries do deal with asset transformation (option d), as they take in short-term deposits from savers and transform them into long-term loans for borrowers.
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Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent that it breaks down while sitting
Answers
Answer:
0%
Explanation:
Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels
The collection of a $1100 account beyond the 2 percent discount period will result in a
a. debit to Cash for $1078.
b. debit to Cash for $1100
c. debit to Accounts Receivable for $1100.
d. debit to Sales Discounts for $22.
Answers
According to the given question, the correct option is B which is If a customer does not take advantage of the 2 percent discount period and pays their $1100 account beyond that period, they will not receive the discount and will have to pay the full amount. This will result in a debit to Cash for $1100 when the payment is received.
Similarly, there will be no debit to Sales Discounts since the customer did not qualify for the discount. It is important to note that the payment must be recorded accurately and timely to ensure the financial records reflect the content loaded.
Explanation: Since the collection is made beyond the 2 percent discount period, the customer is required to pay the full amount of $1100. Therefore, the company will record a debit to the Cash account for $1100, indicating an increase in cash received from the customer.
The corresponding credit entry will be made to Accounts Receivable for $1100, reducing the outstanding balance in the customer's account. There is no need to record Sales Discounts in this scenario, as the discount period has already passed.
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The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value. cash fund to be used to replace plant assets. amount charged to expense in the current period. amount charged to expense since the acquisition of the plant asset. Click if you would like to Show Work for this question: Qen Show Work Equipment with a cost of $355000 has an estimated salvage value of $15000 and an estimated life of 4 years of 10000 hours. It is to be depreciated by the straight line method, what is the amount of depreciation for the first full year during which the equipment was used for 2000 hours? $85000 $68000 $86250 • $88750. Click if you would like to show Work for this question: een Show Work On October 1, 2022, Carla Vista Co places a new asset into service. The cost of the asset is $85000 with an estimated 5 year ife and $22000 salvage value at the end of its useful What is the depreciation expense for 2022 if Carla Vista Co. uses the straight-line method of depreciation? $8500 $3150 $17000 • $4250 The calculation of depreciation using the declining-balance method multiplies a declining percentage times a constant book value. multiplies a constant percentage times the previous year's depreciation expense. yields an increasing depreciation expense each period. ignores salvage value in determining the amount to which a constant rate is applied. Sales taxes collected by a retailer are reported as expenses. current liabilities. contingent liabilities. revenues. If bonds are issued at a premium, the stated interest rate is too low to attract investors. higher than the market rate of interest. lower than the market rate of interest. adjusted to a higher rate of interest. Over the term of the bonds, the balance in the Discount on Bonds Payable account will decrease. increase be unaffected until the bonds mature fluctuate up and down if the market is volatile. A measure of a company's solvency is the asset turnover ratio. times interest earned. acid-test ratio. current ratio. Cullumber Company purchased a building on January 2 by signing a long-term $4154000 mortgage with monthly payments of $38200. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be $4150500 $4125800. $4129300. • $4164000 Click if you would like to Show Work for this question Which of the following show the proper effect of a SUCK Spil au d BUN UTVIUCH Item Stock Split Stock Dividend Par value per share Decrease No change Total paid-in capital Increase Increase Total retained earnings Decrease Decrease Total par value (common) Decrease Increase
Answers
A stock split is a corporate action in which a company divides its existing shares into multiple shares.
Explain the effect of a stock split on the balance sheet and the retained earnings statement?A stock split has the effect of reducing the par value of the company's stock and increasing its total paid-in capital. The effect on the balance sheet is that the par value of the company's stock will be reduced while the total paid-in capital will increase.This is because the number of shares outstanding increases, while the par value of each share decreases. The effect on the retained earnings statement is that the total retained earnings will decrease as a result of the stock split.This is because the total par value of the company's common stock decreases, leading to a reduction in the total retained earnings. The stock split does not have any effect on the company's net income or the company's assets and liabilities.This action increases the total number of shares outstanding while decreasing the price of each share proportionally. The effect of a stock split on the balance sheet and the retained earnings statement can be seen in the following ways. On the balance sheet, the par value per share decreases, and the total paid-in capital increases.The total par value (common) decreases, but the total retained earnings remain the same. On the retained earnings statement, the total retained earnings remain the same. This is because the stock split does not involve any type of payment to shareholders, and the company does not receive any new capital from the split. The stock split does not affect the company's financial position or profitability, but it does affect the market price of the stock.To learn more about the effect of a stock split on the balance sheet refer to:
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129. Employee development can be defined as the process of enhancing an employee's future value to the organization through career planning. True False
Answers
False. Employee development can be defined as the process of enhancing an employee's knowledge, skills, and abilities for the long-term benefit of both the employee and the organization.
This can include training, education, coaching, mentoring, job rotation, and other developmental activities aimed at improving an employee's overall effectiveness and potential for future growth within the organization. Career planning may be a component of employee development, but it is not the sole focus. The goal of employee development is to create a skilled and engaged workforce that can help the organization meet its current and future needs.Career planning, on the other hand, is a related but distinct process that involves setting career goals, identifying potential career paths, and creating a plan for achieving those goals.
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you're trying to use reinforcement learning to build a path planning system for an indoor autonomous robot. You want it to enter a specific room the end-user specifies, so you define a reward function to give a huge positive reward when it enters that room. After training, you notice some strange behaviour… what do you notice?
a. nothing, everything works as intended.
b. the robot avoids the room
c. once the robot enters the room, it never leaves.
d. once it gets to the room, the robot enters and exits the room endlessly
which of the following is false about reinforcement learning?
a. find a model which yields the greatest average expected reward
b. reinforcement learning is a award based learning
c. reinforcement learning is a type of supervised learning
d. reinforcement learning is an online learning
Answers
After training the path planning system using reinforcement learning, you notice that the robot exhibits strange behavior as it avoids the room specified by the end-user.
What unexpected behavior do you observe after training?
unexpected behavior observed in the path planning system trained using reinforcement learning for the indoor autonomous robot. Despite defining a reward function that provides a significant positive reward for entering the specified room, the robot demonstrates a tendency to avoid entering it. This indicates that the training process has resulted in a suboptimal solution where the robot learns to prioritize other actions or paths that yield higher rewards, possibly due to the interaction between the reward function and the learning algorithm.
This behavior highlights the challenges of reinforcement learning, where the design of the reward function and the fine-tuning of learning parameters can significantly influence the system's behavior. It underscores the importance of carefully defining the reward structure to align with the desired objective and ensure that it incentivizes the desired behavior effectively.
In the case of the false statement about reinforcement learning, option C is incorrect. Reinforcement learning is not a type of supervised learning, but rather a distinct learning paradigm where an agent learns to make sequential decisions through interactions with an environment based on feedback in the form of rewards or punishments. Reinforcement learning focuses on learning optimal policies or value functions to maximize long-term rewards, while supervised learning involves learning from labeled training data to classify or predict specific outputs.
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Max emailed Jacob offering to sell him a diamond ring for $400. Upon receipt of the offer, Jacob immediately emailed back, "I don’t have $400. I’ll give you $300." Max replied, "That’s not high enough." Jacob then e-mailed his acceptance agreeing to pay $400. Max refused to sell the ring to Jacob. Which of the following statements is true?
A. There is no contract
B. Jacob's first response to Max is a counteroffer
C. Both A and B are true
D. There is a contract as Max accepted Jacob's offer
Answers
Answer: The correct answer is A. There is no contract.
Explanation:
In this scenario, Max's initial offer was to sell the diamond ring for $400. Jacob's response of offering $300 is considered a counteroffer, as he proposed different terms than the original offer. Max then rejected Jacob's counteroffer by stating that it was not high enough. At this point, no agreement had been reached between the parties. Jacob's subsequent acceptance of the original offer for $400 does not form a contract because Max had already refused to sell the ring to Jacob. Therefore, there is no contract between Max and Jacob
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
First Aid Expenses under the Homeowners Policy would cover
Answers
First aid costs under homeowner policy include: First Aid Coverage applies to providing first aid to another person caused by a covered bodily injury, but does not pay for the insured's first aid.
Under Section II of standard homeowners insurance, the insurer covers liability to third parties for certain bodily injury or property damage. Simply put, if someone is suing you or threatens to sue you, your insurance company will reimburse you for the damages you paid the third-party plaintiff or legal fees to defend. You can.This blog takes a closer look at the personal liability section of the Homeowner Policy.
Section II of a typical homeowner's policy states that an insurance company may have to pay a third party for certain "personal injury" or "property damage" resulting from an "event." It contains a clause where you agree to defend and indemnify you for certain damages.
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2 3 points An entry-level salary for teachers in Boston was $13,579 in 1981. According to the NEA, the average entry-level salary for Massachusetts had rise $45,498 in 2017. What should the entry-level salary have been in 2017 if the 1981 figure was adjusted for inflation? 45,498 1 point Did the entry-level salary increase faster or slower than inflation? BIU A A Y TE=x²x₂6 16 12pt Paragraph The salary increased
Answers
The entry-level salary should have been $31,215 in 2017 if the 1981 figure was adjusted for inflation.The entry-level salary increased faster than inflation.
The entry-level salary for teachers in Boston was $13,579 in 1981, and the average entry-level salary for Massachusetts had risen to $45,498 in 2017.
We are to determine what the entry-level salary should have been in 2017 if the 1981 figure was adjusted for inflation.
To determine the entry-level salary that should have been in 2017, we use the inflation rate formula;Where the old value is $13,579 and the new value is what we are to determine, r is the inflation rate, and the number of years is 2017-1981=36.
The inflation rate, r can be calculated using the CPI (Consumer Price Index).
Since we are not given the CPI, we will assume that the CPI has tripled over the years (rough estimate).
Therefore,
Inflation rate
= (CPI in 2017 - CPI in 1981) / CPI in 1981
= (3 - 1) / 1
= 2%
New value
= Old value * (1 + r)^n
= 13,579 * (1 + 0.02)^36
≈ $31,215
Therefore, the entry-level salary should have been $31,215 in 2017 if the 1981 figure was adjusted for inflation. The entry-level salary increased faster than inflation.
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What is the relationship between the production of vegetables and sale?
Answers
Answer:
The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.
I hope it help you,
God blessed youwhat is the primary cause of failure for strategic initiatives?
Answers
Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.
Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.
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Answer:
Improper execution
Explanation:
Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices lower than the same as zero compared to higher than
Answers
Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries
Similarity between a monopolistic market and perfectly competitive marketA monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.
Hence the output of a monopoly is similar to the output of a perfectly competitive industries.
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