The federal tax consequences of K Corporation's acquisition of the StiffChip division assets and stock of StiffChip, Inc. include -
potential tax implications on the purchase price allocation, tax basis adjustments, and available options to enhance the tax result, such as making an election under Section 338(h)(10) or a Section 336(e) election.
Purchase Price Allocation: K Corporation will need to allocate the lump sum payment of $200m between the StiffChip division assets and the stock of StiffChip, Inc.
The allocation will determine the tax basis of the acquired assets and the stock.Tax Basis Adjustments: The tax basis of the acquired assets may differ from their fair market value.
K Corporation will need to adjust the tax basis of the acquired assets, including the intellectual property and equipment, to reflect their fair market value at the time of acquisition.
This adjustment will affect future tax deductions, depreciation, and capital gains.
Section 338(h)(10) Election: K Corporation may choose to make a Section 338(h)(10) election.
This election allows K Corporation to treat the stock acquisition as an asset acquisition for tax purposes.
By making this election, K Corporation can step up the tax basis of the acquired assets, which may result in higher tax deductions in the future.
Section 336(e) Election:
Alternatively, K Corporation may consider a Section 336(e) election.
This election allows K Corporation to treat the acquisition as a deemed sale of the stock of StiffChip, Inc., resulting in a step-up in tax basis of the subsidiary's assets.
This can be advantageous if there are built-in gains in the subsidiary's assets.The specific tax consequences and available options will depend on various factors, including the structure of the transaction, the desired tax outcome, and applicable tax laws and regulations.
Consulting with a tax advisor is recommended to assess the optimal tax strategy for K Corporation in this acquisition.
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Which of the following statements about the factor-price equalization theory and the effects of transportation costs are correct? Check all that apply. The factor-endowment theory accounts for transportation costs and other trade barriers. Differences in transportation costs across countries are a source of comparative advantage. When nations trade, the cheap resource becomes relatively more expensive, and the expensive resource becomes relatively less expensive, until price equalization occurs. In trading nations, the cheap resource becomes even less expensive, and the expensive resource becomes even more expensive, which facilitates the growth of trade. Which of the following statements about transportation costs are correct? Check all that apply. In the United States, the decline in the relative cost of international transportation has made imports more competitive in U.S. markets. International transportation costs decline only in the United States. Since the 1960s, transportation costs have been rising everywhere in the world. World output has shifted into goods whose value is unrelated to their size and weight, and thus less transportation is required for every dollar's worth of exports or imports. The global economy has become much less transport intensive than it once was.
The given statement "The factor-endowment theory accounts for transportation costs and other trade barriers" is not correct. The factor-endowment theory focuses on the role of a country's factor endowments (such as labor, capital, and natural resources) in determining its comparative advantage and patterns of trade, but it does not specifically account for transportation costs and other trade barriers.
Following are the correct statements about the factor-price equalization theory and the effects of transportation costs:
1. Differences in transportation costs across countries are a source of comparative advantage.
Transportation costs can vary between countries, and these differences can impact the cost of trading goods and services. This can create a comparative advantage for countries that have lower transportation costs in certain industries, allowing them to specialize in those industries and engage in international trade.
2. When nations trade, the cheap resource becomes relatively more expensive, and the expensive resource becomes relatively less expensive, until price equalization occurs.
Through international trade, the relative prices of resources can change. The resource that is cheaper in one country may become relatively more expensive due to increased demand, while the resource that is expensive in another country may become relatively less expensive as it faces competition from imported goods. This process continues until there is price equalization, where the prices of resources become more similar across countries.
3. The cheap resource becomes even less expensive, and the expensive resource becomes even more expensive, which facilitates the growth of trade.
As trade continues and price equalization occurs, the resource that is cheap in a particular country can become even cheaper, while the resource that is expensive can become even more expensive. This further enhances the comparative advantage and specialization of countries, leading to increased trade between them.
Only the following statement about transportation costs is correct:
In the United States, the decline in the relative cost of international transportation has made imports more competitive in U.S. markets.
Transportation costs have been declining since the 1960s due to advances in technology and international trade. World output has shifted into goods whose value is unrelated to their size and weight, and thus less transportation is required for every dollar's worth of exports or imports. This has made the global economy much more transport-intensive than it once was.
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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)
Answer and Explanation:
Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.
Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.
The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.
This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.
Answer:
1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9
2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.
· Must have valid Pharmacy Technician License
3. Working with patients to explain and educate on medical questions
· Tracking and logging vaccination details into EMR (electronic medical records system)
· Assisting Pharmacist as needed
4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.
Explanation:
Which term refers to a value in a table that is a reference to the unique values in a corresponding table in a relational database?
foreign key
primary key
reference
relationship
EDGE NUITY
Answer:
I belive the answer is primary key actully
Explanation:
B on edg 2021
Primary key refers to a value in a table that is a reference to the unique values in a corresponding table in a relational database.
Relational database refers to a group of tables that store associated data. Relational database tables have a few essential properties.
- Order of the columns or rows does not matter.
- Every row includes exactly one value per column.
- Value in each given column is of the same type.
A primary key refers to the group of columns or an individual column which helps in unique identification of every single row in a table. The primary key is used to identify each row of a table in the database and to define the relationship between the tables.
All tables in a relational database must have a primary key. No two rows in a table will have the same values for a primary key.
A table can contain unlimited of data. It can easily contain records which can be in thousands. Here is when the importance of primary key can be understood. To identify the data uniquely, without scrolling through the data, you will need a primary key.
If no primary key is specified, all columns become the same primary key. You should keep your primary key for each table as compact as possible.
The concept of a primary key is essential for an efficient relational database. Without a primary key and closely related foreign key concepts, a relational database wouldn't work.
Primary key plays a very important role in a relational database. It ensures row level accessibility for the data in database.
Hence, (B) Primary key is the correct answer.
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Which group of people has the highest unemployment in South Africa.
Answer:
youth...I hope its helpful
Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).
The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.
To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.
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to make sure people think about your brand in decision-making moments, what marketing objective should you use for your video campaign?
marketing goal should you choose for your video campaign Organizations need a video marketing plan to ensure that people think about their brand at decision-making times.
What exactly do we mean by decision-making?Making decisions involves identifying a course of action, acquiring data, and weighing potential answers. By gathering pertinent data and outlining options, a walk decision-making process can assist you in making more careful, considered decisions.
Why is making decisions crucial?Making decisions is crucial to achieving the corporate goals and objectives within the allotted time and money. It looks for the best option, makes good use of the available resources, and is well-liked by the workers. As a result, it is possible to accomplish organization goals or objectives in accordance with the desired outcome.
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Which of the following is the least profitable investment for a candy shop that earns $1 revenue per pound of candy? (5 points) Group of answer choices Worker at $10 per hour, producing eight pounds of candy per hour Worker at $12 per hour, producing 16 pounds of candy per hour Machine with $5 per hour operating cost, producing 10 pounds of candy per hour Machine with $8 per hour operating cost, producing 14 pounds of candy per hour
Answer:
d
Explanation:
it was on the test really simple
Answer:
Worker at 10 dollars per hour, producing 8 pounds of candy
Explanation:
Got it right on the test
kleenex boutique is a ____ of tissues made by the kimberly-clark corporation. group of answer choices a.brand b.identification c.brand mark d.brand name e.trade name f.trademark
Kleenex Boutique is a a) brand of tissues made by the Kimberly-Clark Corporation.
A brand refers to a name, term, design, symbol, or any other feature that distinguishes a company's products from those of other companies. Brands help customers recognize and trust specific products, allowing companies to build a reputation and customer loyalty. In this case, Kleenex Boutique is a specific line of tissues created by Kimberly-Clark, with its unique features and packaging to appeal to a particular segment of the market.
Other terms like identification, brand mark, brand name, trade name, and trademark are related to branding but do not accurately describe the relationship between Kleenex Boutique and the Kimberly-Clark Corporation.
Therefore, the correct answer is a) brand
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what is medium level profession
Biossom Electronics purchased packaging equipment for $480,000 cash on July 1. 2022. Management estimates the equipment can package 640,000 irventory units and will be productive for 5 years. Its safvage value is estimated at $40,000. During 2022, the equipment packaged 104,000 units. with another 112,000 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation $ ____________ 2023 depreciation $ ____________ December 31,2023 book value $ ____________
Biossom Electronics purchased packaging equipment for $480,000 cash with an estimated useful life of 5 years and a salvage value of $40,000. The equipment packaged 104,000 units in 2022 and 112,000 units in 2023.
We need to calculate the annual depreciation expense for 2022 and 2023 under the straight-line method and determine the book value at December 31, 2023.
To calculate the annual depreciation expense, we first need to determine the depreciable cost of the equipment. The depreciable cost is the original cost minus the salvage value.
In this case,
it would be $480,000 - $40,000 = $440,000.
Using the straight-line method, we divide the depreciable cost by the useful life to find the annual depreciation expense.
Therefore, the annual depreciation expense is $440,000 / 5 = $88,000.
For 2022, the depreciation expense would be $88,000 since it is the first year of the equipment's use.
For 2023, the depreciation expense would also be $88,000 since it remains the same throughout the useful life of the equipment.
To determine the book value at December 31, 2023, we subtract the accumulated depreciation from the original cost.
The accumulated depreciation for two years would be $88,000 + $88,000 = $176,000.
Therefore, the book value at December 31, 2023, is $480,000 - $176,000 = $304,000.
In summary:
2022 depreciation: $88,000
2023 depreciation: $88,000
December 31, 2023, book value: $304,000.
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Corporate executives often object to the use of open-source software because it lacks formal technical support, even though information and solutions regarding the software are usually readily available online.
A. True
B. False
Answer:
A. True
Explanation:
When the open source software used by the corporate executives so it would be lead to the lacking of technical support i.e. formal also the information and its solutions would be available online
So the given statement is true as the open source software deals with the source code that should be released in a license where the copyright holder would granted the users to have the right to use the same
Calculate the present worth of the money if the ₱ 300.00 is invested at the end of each year for 8 years and the first payment was made 3 years from now. Use an annual interest rate of 8%.
The present worth of the money is approximately ₱2,014.48. To calculate the present worth of the money, we can use the formula for the present worth of an annuity,
PW = A * (1 - (1 + r)^(-n)) / r Where: PW = Present worth A = Annual payment r = Interest rate per period n = Number of periods In this case, the annual payment is ₱300.00, the interest rate is 8% (or 0.08), and the number of periods is 8. However, since the first payment is made 3 years from now, we need to discount the present value by 3 years. First, let's calculate the present worth of the annuity for the remaining 5 years: PW1 = ₱300 * (1 - (1 + 0.08)^(-5)) / 0.08 PW1 ≈ ₱1,295.20 Next, let's calculate the present worth of ₱300 received after 6 years PW2 = ₱300 / (1 + 0.08)^6 PW2 ≈ ₱152.28 Finally, let's calculate the present worth of ₱300 received after 7 years: PW3 = ₱300 / (1 + 0.08)^7 PW3 ≈ ₱126.00 The total present worth is the sum of PW1, PW2, and PW3: Present Worth = PW1 + PW2 + PW3 Present Worth ≈ ₱1,295.20 + ₱152.28 + ₱126.00 Present Worth ≈ ₱2,014.48
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Savannah is a middle school student who is eager to start earning her own money. She would like to start babysitting, but her parents said that she must wait until she turns fourteen. With her fourteenth birthday fast approaching, she decided to complete a first aid course and take babysitting classes offered at her local community center. She has also printed up flyers to give to families with small children in her neighborhood. Savannah is excited to soon be making money of her own. What advice would you give her about managing the money she will earn?
Answer:
Don't spend your money too quickly.
Explanation:
Don't go off buying any and everything you see. Manage your money responsibly.
How to make poultry farm?
Answer:
How to make a poultry farmExplanation:
Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds Necessary poultry equipmentsFeederWater potLaying nestsHeater/incubatorFencingEgg handling nestsWhen_
a business, there could be many departments or just a few.
When running a business, there could be many departments or just a few.
What is a business?This is a term that is used to refer to an organization that is set up for the sake of gains or profits.
A business could be responsible for the delivery of a product or they could be involved in the rendering of services.
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Smith invests in stocks and securities. Which is the highest regulating body in the country, which acts as an “advocate” for investors like Smith?
A. Financial Industries Regulating Association
B. Securities and Exchange Commission
C. American Institute of Certified Public Accountants
D. Government Accounting Standards Board
E. State Board for Accountancy
Answer:
B. Securities and Exchange Commission
Explanation:
The Securities and Exchange Commission is the government agency that oversees and regulates the financial market for securities: bonds and stocks.
The SEC also regulates the financial information that public companies (companies that trade stock in the open market) present to the public, by demanding the publishing of financial statements every 3 months.
What academic information do you have about sub-overseer?
Explanation:
Pre-Diploma in Civil Engineering (Civil Sub-Overseer) program is designed to prepare competent general civil sub-overseers equipped with knowledge, skills and attitude especially, in the area construction Engineering & Technology of building construction, water supply, irrigation and road and trail bridges sectors.
They can provide services in the growing infrastructure development industries (civil construction companies and consulting firms) government institutions (centre and local level), local as well as international non-governmental organizations or can start their own business in the country as well as abroad.
Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 three years later and used a discount broker who charged $35 per trade. Compute her net proceeds after the broker fees were taken out
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
A jet engine has 10 components in series. The average reliability of each component is 0.998. What is the reliability of the engine?
Answer:
98%
Explanation:
RE = RC1 * RC2 * ....... * RC10:.RE = Reliabilility of the Engine & RC = Reliability of the Components
RE = 0.998 * 0.998 *........ * 0.998
RE = (0.998)^10
RE = 0.9802
RE = 98.02%
Thus, the Reliability of Engine is 98% approximately.
The demand for a product for the last six years has been 15, 15, 17, 18, 20, and 19. The manager wants to predict the demand for this time series using the following simple linear trend equation: trt = 12 + 2t. What are the forecast errors for the 5th and 6th years?
0, −3
0, +3
+2, +5
−2, −5
−1, −4
The forecast errors for the 5th and 6th years, based on the given simple linear trend equation, are -1 and -4, respectively.
To calculate the forecast errors for the 5th and 6th years, we need to compare the actual demand values with the predicted values based on the simple linear trend equation.
- Demand for the last six years: 15, 15, 17, 18, 20, and 19.
- Simple linear trend equation: trt = 12 + 2t, where t represents the time period.
We can calculate the predicted demand for each year by substituting the corresponding time period (t) into the trend equation.
For the 5th year (t = 5):
tr5 = 12 + 2 * 5 = 12 + 10 = 22
For the 6th year (t = 6):
tr6 = 12 + 2 * 6 = 12 + 12 = 24
Now, we can calculate the forecast errors by subtracting the predicted demand from the actual demand for each year.
For the 5th year:
Forecast error = Actual demand - Predicted demand
= 20 - 22
= -2
For the 6th year:
Forecast error = Actual demand - Predicted demand
= 19 - 24
= -5
Therefore, the forecast errors for the 5th and 6th years are -2 and -5, respectively.
Hence, the correct answer is:
Forecast errors for the 5th and 6th years: -2, -5.
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Why is it important for people to be careful to manage their debts?
Answer:
A debt management company can help by analysing your situation and giving you good advice on the best debt solution to suit your needs. A debt consolidation loan may also be a good way of arranging your debt and making it easier to pay back
Explanation:
Hope this helped Mark BRAINLIEST!!!
you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Mei starts a job with a $72,000 annual salary that is paid twice a
month. How much should she expect her gross pay to be on her
first paycheck?
$3000
Explanation:
just diveide the number by 24
Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
taking small steps to build success is an example of which self-management skill?
Taking small steps to build success is an example of the self-management skill known as goal-setting.
Goal-setting involves identifying specific objectives and breaking them down into manageable and actionable steps. By setting small, achievable goals, individuals can gradually make progress towards their larger aspirations. This approach allows for a sense of accomplishment and motivation as each small goal is accomplished, leading to a continuous cycle of success.
Breaking down goals into smaller steps also helps individuals stay focused, maintain momentum, and overcome potential obstacles along the way. Goal-setting is a valuable self-management skill that promotes productivity, growth, and long-term success.
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If the cost of gasoline increases sharply and continues to rise, how does this development affect the demand curve for cars?a. The demand curve for gas-guzzlers and for fuel-efficient cars fluctuates wildly.b. The demand curve for gas-guzzlers and for fuel-efficient cars both shift to the right.c. The demand curve for gas-guzzlers shifts to the left, and the demand curve for fuel-efficient cars shifts to the right.d. The demand curve for gas-guzzlers shifts to the right, and the demand curve for fuel-efficient cars shifts to the left.
This development affect the demand curve for cars the demand curve for gas-guzzlers and for fuel-efficient cars both shift to the right. The answer is OPTION B.
To summarize, as a population's income level rises, the demand curve shifts to the right because there is more demand at each price point. If income levels fall, the opposite will occur. There will be less money available for spending, and the demand curve will shift to the left.
Demand rises as the demand curve shifts to the right, resulting in a higher equilibrium price. A shift to the right would cause the equilibrium to rise, implying higher prices. This could be due to a variety of factors, including an increase in income, a higher price for a substitute good, a lower price for a complementary good, and so on.
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Explain how k-NN model handles categorical and ordinalattributes.
The k-NN (k-Nearest Neighbors) model handles categorical and ordinal attributes.
1. Converting categorical attributes into numerical values: To process categorical attributes, the k-NN model usually converts them into numerical values using techniques like one-hot encoding or dummy variable encoding. This process creates new binary features for each category, making it easier for the model to work with the data.
2. Scaling ordinal attributes: For ordinal attributes, which have a natural order, the k-NN model often scales the values to a standard range, such as 0 to 1 or -1 to 1, to ensure equal weightage in the distance calculation. This can be done using techniques like min-max scaling or z-score normalization.
3. Calculating distance: After preprocessing the attributes, the k-NN model calculates the distance between data points using a distance metric suitable for mixed data types, such as Gower distance or Hamming distance. These metrics can handle both numerical and categorical attributes effectively.
4. Finding the nearest neighbors: Based on the calculated distances, the k-NN model identifies the k-nearest neighbors for each data point and uses them to make predictions or classifications.
In summary, the k-NN model handles categorical and ordinal attributes by converting them into numerical values, scaling ordinal values, using appropriate distance metrics, and identifying the nearest neighbors for prediction or classification purposes.
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What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
Write a short paragraph describing the benefits of working as a team to complete a project.
Answer:
A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.
Which of the following statements is true of nonprofit organizations?
a. They are firms that do not provide goods or services.
b. They are startup companies that have not yet generated any profits.
c. They engage in management activities to help reach their goals.
d. They do not engage in fundraising as their aim is not to generate profits.
e. They do not have a management structure like that of for-profit organization
Nonprofits do participate on management activities to assist in achieving their objectives.
Management activities: what are they?Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level. These five responsibilities are a part of a corpus of guidelines and management-related beliefs.
What are the seven fundamental objectives of management?Each of these tasks is essential to helping firms operate effectively and efficiently. Planning, organization, staffing, directing, coordinating, reporting, and budgeting are the seven functions of management, or POSDCORB, that Luther Gulick, Fayol's predecessor, further defined. The formal definition of management principles is the planning, organizing, and control of basic element operations.
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