What are the two key differences between career planning and
career management? Please support and discuss your answers using
academic articles (minimum 3 academic articles; 500
words).
Answers
Career planning and academic articles are two different concepts. The two key differences between career planning and academic articles are as follows:Career planning:Career planning is a continuous process of selecting and deciding on a career path.
Career planning involves the identification of an individual's interests, abilities, personality traits, and values that match the job requirements. This process includes the evaluation of one's career options, identifying career goals, and taking necessary steps to achieve those goals.
Career planning requires extensive research, self-reflection, and self-evaluation.Academic articles:Academic articles are scholarly papers written on a particular topic, often as a requirement for obtaining a degree or other academic purposes. Academic articles are based on extensive research, analysis, and evaluations, and they contribute to existing knowledge in a particular field. Academic articles are written using a formal tone and are aimed at an academic audience. They are published in academic journals, books, and other scholarly publications.Key differences:The first key difference between career planning and academic articles is the focus of each activity.
Career planning focuses on the identification of an individual's career goals and the development of a plan to achieve those goals. On the other hand, academic articles focus on the research, analysis, and evaluation of a particular topic to contribute to existing knowledge in a particular field.The second key difference is the intended audience for each activity. Career planning is an individual's personal activity, and the intended audience is the individual. In contrast, academic articles are written for an academic audience, such as fellow scholars or academics in a particular field. The tone of academic articles is formal, and they use a specialized vocabulary, which may not be understood by a layman.
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Related Questions
Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answers
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
How do entrepreneurs manage business risk?
Answers
Answer:
There's many different things you can do to manage business risks. By paying off loans you're lowering your risk of debt, if you collaborate with other companies you're allowing your company to be discovered by others, expanding your company when you know it won't be extremely risky by doing so, etc. you can also look at things like pros and cons or asking yourself if you have the money to cover what you plan on doing.
do you think we need to prioritize a want ?justify
Answers
Answer:
I don't think we should prioritize want
Explanation:
This question is more or less an opinion where there's no right or wrong answers.
However, I'll answer your question from my own personal view of want.
I think we do not need to give priorities to wants because, our wants, according to economics are insatiable and unlimited. Meaning that, when you give priorities to an unlimited entity called want, you will not get satisfaction due to the fact that they are unlimited.
In other words, the moment you achieve one of your wants; you will be be presented with another set of wants.
Madam Shanna plans to buy a new car which cost RM 60,000 from a bank loan with an interest of 9% per year compounded every month. She will be required to pay 10% of down payment first and the balance will be paid by monthly installment for 7 years. Due to the high interest, she seeks help from a cooperative at her workplace. The interest imposed by the cooperative is slightly low which is 6% per year compounded every month. But in order to get a loan from the cooperative, one must become a member first for at least one year. Since she is just become a member, she is only entitling for the loan one year from now. She plans to proceed with the bank loan now and for next year she will continue the loan with the cooperative. The tenure will be for 7 years overall. (i) Calculate how much is the monthly installment to the bank? (ii) Calculate how much is the monthly installment to the cooperative?
Answers
The monthly installment to the bank will be approximately RM 804.78.
The monthly installment to the cooperative will be approximately RM 664.95.
(i) To calculate the monthly installment for the bank loan, we can use the formula for the present value of an annuity. The loan amount is RM 60,000 minus the down payment of 10%, which is RM 6,000.
Loan amount = RM 60,000 - RM 6,000 = RM 54,000
The interest rate is 9% per year, compounded monthly. The loan tenure is 7 years, which means 7 x 12 = 84 months.
Using the formula:
Monthly installment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
First, we need to convert the annual interest rate to a monthly interest rate:
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
= (1 + 0.09)^(1/12) - 1
≈ 0.00742
Plugging the values into the formula:
Monthly installment = (RM 54,000 * 0.00742) / (1 - (1 + 0.00742)^(-84))
≈ RM 804.78
Therefore, the monthly installment to the bank will be approximately RM 804.78.
(ii) Since Madam Shanna is only eligible for the cooperative loan one year from now, the loan tenure with the cooperative will be 6 years (7 years - 1 year). The loan amount for the cooperative will be the remaining balance after deducting the down payment and one year of payments made to the bank.
Remaining balance = Loan amount - (Monthly installment * Number of months)
Remaining balance = RM 54,000 - (RM 804.78 * 12)
= RM 43,336.16
The interest rate for the cooperative loan is 6% per year, compounded monthly.
Using the same formula as above with the adjusted values:
Monthly installment = (Remaining balance * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
= (1 + 0.06)^(1/12) - 1
≈ 0.00488
Monthly installment = (RM 43,336.16 * 0.00488) / (1 - (1 + 0.00488)^(-72))
≈ RM 664.95
Therefore, the monthly installment to the cooperative will be approximately RM 664.95.
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Economic growth is most accurately measured by changes in which variable? the capital stock wages real GDP nominal GDP For living standards to rise, what must occur? The labor force must grow faster than the population. Output must grow faster than the population. The capital stock must grow faster than the population. Nominal GDP must grow faster than the population.
Answers
Economic growth is most accurately measured by changes in real GDP. For living standards to rise, output must grow faster than the population, which is achieved through an increase in the capital stock and/or productivity.
The production of products and services inside an economy gradually increasing through time is referred to as economic growth. It is most properly quantified by changes in real Gross Domestic Product (GDP), which adjusts for inflation. The production must expand more quickly than the population in order for living standards to rise; this may be done by increasing the capital stock and/or productivity. Although productivity refers to the effectiveness with which inputs are converted into outputs, capital stock refers to the total amount of physical capital, such as machinery and equipment. An economy may create more products and services with the same number of inputs by growing its capital stock and/or productivity, which raises real GDP and, eventually, raises living standards.
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A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable
Answers
A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
What is a promissory note?A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.
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The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answers
Answer:
comparative advantage
During a recession, unemployment compensation payments increase without the need for any government action. This increase is an example of.
Answers
This increase in a recession is an example of an automatic fiscal policy.
What is a recession?In the field of economics, a recession is the contraction of the business cycle that results from a broad fall in economic activity. Recessions typically start when consumer spending declines significantly (an adverse demand shock). This could be brought on by a number of things, including a financial crisis, a shock to the external trade system, a supply shock that is unfavourable, the deflation of an economic bubble, or a significant anthropogenic or natural disaster (e.g. a pandemic). "A major downturn in economic activity distributed across the market, lasting more than a few months, generally noticeable in real GDP, real income, employment, industrial output, especially the wholesale-retail sales" is how United States defines a recession. The European Union has used terminology along those lines.
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what is journal entry for purchase goods from ram on cash rs 4000
Answers
Answer:
Purchased a/c ........Dr. rs.4000
To, cash a/c rs.4000
A change in the right hand side of a binding constraint may change all of the following except O a. Objective function value o b. Other right hand sides O c. Optimal value of the decision variables O d. Slack values
Answers
A change in the right hand side of a binding constraint may change all except objective function value.
A constraint on equality is never legally binding. The Answer Report contains information about shadow prices. A constraint's LHS must be greater than its RHS in order for it to be nonbinding. The size of the viable zone is not affected by changes in an objective function coefficient.
The dual price is the rise in the value of the ideal solution per unit increase in the right-hand side. The range across which the dual pricing is applicable is the range of feasibility. Other constraints will become legally binding as the RHS rises, limiting the change in the value of the objective function. The feasible zone may vary as a result of a change in a constraint's right hand side, which could also alter the best solution.
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Which organizational function should set database standards? A) Management B) Application development C) Technical services D) None of the above
Answers
The organizational function that should set database standards is C) Technical services.
Technical services typically include IT professionals who have expertise in database management and administration. They are responsible for ensuring that the organization's databases are secure, well-designed, and efficiently managed.
Therefore, they are the most appropriate group to establish and maintain database standards, including naming conventions, data types, data entry rules, and security policies. Management and application development teams may provide input to the database standards, but the technical services team should ultimately be responsible for setting and enforcing them.
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Answer:
The answer is None of the above
Explanation:
I chose technical services and it was incorrect
How would you evaluate astor in terms of his motive, his managerial ability, and his ethics? what lesson does his career teach about the relationship between virtue and success?
Answers
To evaluate Astor in terms of his motive, managerial ability, and ethics, we would need to look at his actions and decisions throughout his career.
In terms of his motive, it is important to consider what drove Astor to make the choices he did. Was he motivated by greed, ambition, or a desire to help others? Did he have a clear goal in mind, or was he simply taking advantage of opportunities as they arose?
In terms of his managerial ability, we can look at how well Astor managed his business ventures and the people who worked for him. Did he make smart decisions that led to success, or did he make mistakes that caused his businesses to fail? Did he treat his employees fairly and with respect, or did he exploit them for his own gain?
In terms of his ethics, we can examine Astor's behavior and the choices he made. Did he follow the law and adhere to moral principles, or did he engage in unethical or illegal activities? Did he treat others with honesty and integrity, or did he lie, cheat, or steal to get ahead?
The lesson that Astor's career teaches about the relationship between virtue and success is that while unethical behavior may lead to short-term gains, it can ultimately have negative consequences for individuals and their businesses. It is important to maintain high ethical standards and treat others with respect in order to build long-term success and a positive reputation.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Sarah has decided that she never wants to go into debt. Therefore, she only uses her
debit card and cash for purchases. The store where she is planning to purchase a dining
room set charges a 15% annual interest rate for all store credit card purchases. If Sarah
saves up the cash and uses her debit card to purchase her new $1,200 dining room set,
how much will she have to pay in interest?
Answers
The amount that Sarah will have to pay as interest will be $180
Based on the information given, the following can be depicted:
Cost of dining room set = Principal = $1200
Interest rate = 15%
Time = 1 year
The simple interest will be calculated using the formula:
= PRT/100
= (1200 × 15 × 1) / 100
= 18000/100
= 180
Therefore, based on the calculations above, the interest that'll be paid by Sarah is $180.
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The Fed buys $10 million of securities from AIG. AIG has a desired reserve ratio of 0.05, and there is no currency drain.
As soon as the open market purchase is made, the bank's excess reserves are at $___ million
Answers
Answer:
$200,000,000
Explanation:
Given that:
Amount of securities purchased = $10 million
Desired reserve ratio = 0.05
The bank's excess reserve :
Money multiplier * amount of securities purchased
Money multiplier = 1 / reserve ratio
Money multiplier = 1 / 0.05 = 20
Excess reserve = 20 * $10,000,000
Excess reserve = $200,000,000
you expect to receive two cash flows: $42,000 paid in 5 years and $63,000 paid in 10 years. you'll put the money into a savings account with an annual interest rate of 8%. attempt 1/10 for 1.5 pts. part 1 what is the future value of the combined cash flows, in 15 years?
Answers
The future value of the combined cash flow is the sum of the future value of the first cash flow, and the future value of the second cash flow. Thus, the future value of the combined cash flow in 15 years is $197,652.
What is future value?A financial concept known as future value (FV) assigns a value to an asset based on anticipated variables like future interest rates or cash flows.
The formula for calculating future value is:
FV = PV(1+r)n
FV = future value
PV = present value
R = annual interest rate
N = number of periods
In the first cash flow:
Present value = $42000
r = 8% (0.08)
n = 5
The future value is:
FV = PV (1+r)n
Substitute the value of present worth, annual interest rate, and the number of the time period into the future value formula:
FV = $42000 (1+ 0.08)5
FV = $42000 (1.08)5
FV = $42000 (1.469)
FV = $61,698
In the second cash flow:
Present value = $63000
r = 8% (0.08)
n = 10
The future value is:
FV = PV (1+r)n
Substitute the value of present worth, annual interest rate, and the number of the time period into the future value formula:
FV = $63000 (1+ 0.08)10
FV = $63000 (1.08)10
FV = $63000 (2.158)
FV = $135,954
FV of combined cash flow = Future value in first cash flow + future value in second cash flow
FV of combined cash flow = $61,698 + $135,954
FV of combined cash flow = $197,652
Therefore, the future value of the combined cash flow in 15 years is $197,652.
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QUESTION 11 HAS ONE PART FOR A TOTAL OF 15 MINUTES. The following five statements regarding presentation of investment performance data were made by five separate portfolio managers who each claim that their firm complies with AIMR's Performance Presentation Standards (AIMR-PPS)™ t A itique each manager's statement in the context of the AIMR-PPS standards by discussing the discrepancies between the statements and the Standards: Manager A: "My firm's assets under management are divided between two composites. One composite is made up of all individual client portfolios, which have a variety of investment objectives. The other composite is composed of all institutional assets under management. This composite includes portfolios of defined-benefit retirement plans, college endowments, and trusts." Manager B: "Although we solicit and accept individual clients whose portfolios are less than $100,000, the majority of our clients are institutional investors with much larger portfolios. We do not include any portfolios with an asset value below $100,000 in our composites because their performance would not significantly affect the reported composite performance." Manager C: "Our firm is ten years old. For simplicity, we present the performance record for each composite using three numbers: total return since inception, average annual return for the latest five-year period, and annual return for the latest one-year period." Manager D: "Our firm is six years old. To create a longer performance history, we use the historical performance record that our six portfolio managers compiled while they were with their former employers. The ten-year record shown in our presentation materials links this performance with the performance of our existing composites." Manager E: "In the past three years, we have lost several clients who have moved their portfolios to other investment management firms. Because we no longer manage their portfolios, we have removed their portfolios from historical composites. We believe it would be misleading to report performance results for accounts we no longer manage." (15 minutes)
Answers
AIMR-PPS standards require portfolio managers to divide assets into two composites, exclude low-value portfolios, simplify performance, and remove portfolios from historical composites.
Manager A's approach of dividing assets into two composites, one for individual clients and one for institutional clients, may not comply with the AIMR-PPS standards. The standards require composites to be defined based on similar investment objectives, strategies, and risks. Mixing portfolios with different investment objectives within a composite may result in misleading performance comparisons.
Manager B's exclusion of portfolios with asset values below $100,000 from composites raises concerns about representativeness. AIMR-PPS standards require all discretionary portfolios to be included in composites, regardless of their asset values. Excluding smaller portfolios may lead to a bias in reported composite performance.
Manager C's simplification of presenting performance with only a few numbers may not provide sufficient information to evaluate performance. AIMR-PPS standards emphasize the importance of providing comprehensive and meaningful performance data, including relevant periods, benchmarks, and other relevant statistics.
Manager D's use of historical performance from previous employers to create a longer performance history may not comply with the standards' requirement for transparency and accuracy. The standards emphasize the importance of presenting performance data that can be verified and attributed to the current firm's management.
Manager E's removal of portfolios from historical composites due to client departures raises concerns about the accurate representation of past performance. AIMR-PPS standards require firms to include all actual, discretionary portfolios in composites for the entire period they were managed by the firm, regardless of current management status. Removing portfolios may result in a biased representation of the firm's historical performance.
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What is advertising??
Answers
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.
Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695
What is Watson's total prevention and appraisal cost for last month?
Answers
Answer:
$1,940
Explanation:
Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.
Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers , meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.
The total prevention and appraisal cost for last month for Watson are
Prevention cost -
Equipment maintenance - 1,154
Appraisal cost
Product testing - 786
Total 1,940
• Lack of financial security
• Difficulty in securing variety of financial services
• Increased financial costs
Who is being described?
A)
travelers
B)
immigrants
o
unbanked people
D
undocumented workers
Answers
Answer:
Unbanked people
Explanation:
consumers rent all types of goods that they aren't using, from barbecue grills to halloween costumes, to other consumers who need them for a limited time on sites like craigslist. this reflects
Answers
Consumers rent all types of goods that they aren't using, from barbecue grills to Halloween costumes, to other consumers who need them for a limited time on sites like Craigslist. This reflects the concept of the sharing economy.
This economic model is based on sharing underutilized assets, goods, and services among individuals and businesses. There are several reasons why the sharing economy has emerged as a viable alternative to traditional economic models. The primary goal of this model is to reduce waste and overproduction by sharing resources.
Sharing helps people to save money by reducing the need to purchase or rent costly goods that they will only use for a limited time. This practice also allows people to access high-quality goods and services that they may not otherwise be able to afford.
The sharing economy is also an excellent way to build community, as it encourages people to connect with others who share their interests and values.
To summarize, the sharing economy is a trend that allows individuals to share assets and resources to reduce waste and save money. It is an alternative economic model that promotes sustainability, affordability, and community building.
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Consumers rent all types of goods that they aren't using, from barbecue grills to Halloween costumes, to other consumers who need them for a limited time on sites like Craigslist. This reflects ________.
Tyler's net income is approximately $40,000 annually. He has borrowed
$400,000 from the bank to buy a house (mortgage) and must pay 3% interest
each year. What is the cost of borrowing the money?*
Answers
Answer:
$400000 is the correct answer
The demand for gas in a country becomes price-inelastic.
What will happen as a result?
A. Gas workers will be less likely to be successful in obtaining wage increases.
B. Gas workers will be more likely to be successful in obtaining wage increases.
C. Total expenditure on gas by consumers will fall when its price rises.
D. Total expenditure on gas by consumers will rise when its price falls.
Answers
The demand for gas in a country becomes price-inelastic as a result, as workers will be less likely to be successful in obtaining wage increases. Thus, option A is correct.
What is the demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand. The demand curve is another name for the relationship between price and quantity demand.
Demand stimulates the economy and drives profits. It's a crucial idea as a result. Supply and demand are closely related ideas. Suppliers seek to maximize profits, while consumers strive to pay the lowest costs possible for goods and services.
As a result, a nation's demand for gas becomes price-inelastic because workers are less likely to be successful in getting raises.
Therefore, option A is correct.
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If businesses raise their expectations about future demand, this will cause a: A. movement down the aggregate demand curve. O B.movement up the aggregate demand curve. C.rightward shift of the aggregate demand curve. D. leftward shift of the aggregate demand curve.
Answers
A rightward shift in the aggregate demand curve would result from firms raising their estimates for future demand. The correct option is (C). This is because when businesses expect higher demand in the future, they will increase their investments and production, which would increase the demand for goods and services in the economy.
This would lead to an increase in the overall level of economic activity, causing the aggregate demand curve to shift to the right.As a result of the rightward shift, equilibrium output and prices in the economy would increase. This would lead to higher employment and wages, which would in turn further boost consumer demand, thereby reinforcing the rightward shift of the aggregate demand curve.
Conversely, if businesses lower their expectations about future demand, this would cause a leftward shift of the aggregate demand curve, leading to lower output, prices, employment, and wages in the economy.
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Why is the housing market not a perfectly competitive market
Answers
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
with examples, differentiate between direct and indirect tax
Answers
Answer:
Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.
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if a company implements the 4/5ths rule provided under uniform guidelines, they are able to test for ______.
Answers
If a company implements the 4/5ths rule provided under the Uniform Guidelines, they are able to test for adverse impact.
The 4/5ths rule is a statistical test used in employment practices to determine if there is a potential adverse impact on protected groups based on race, gender, or ethnicity. Under the 4/5ths rule, the selection rate of the protected group is compared to the selection rate of the group with the highest selection rate. If the selection rate for the protected group is less than 80% (or 4/5ths) of the selection rate for the group with the highest rate, it is considered evidence of potential adverse impact. This indicates that the employment practice may be discriminatory.
By implementing the 4/5ths rule, companies can assess and identify potential disparities in selection rates and evaluate if further investigation or corrective actions are necessary to ensure fair and unbiased employment practices.
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With reference to theories of growth, discuss the implications of capital accumulation and technological progress for a country’s long-run economic growth.
Answers
Capital accumulation and technological progress are two crucial factors that significantly impact a country's long-run economic growth, as explained by various theories of growth.
Capital Accumulation:
Capital accumulation refers to the increase in physical and human capital stock within an economy. It involves investing in productive assets, such as infrastructure, machinery, and education, which enhance productivity and output levels. The implications of capital accumulation for long-run economic growth are as follows:
1) Increased Production Capacity: Capital accumulation allows a country to expand its production capacity, leading to higher levels of output and economic growth. More capital means more tools, equipment, and technology available to workers, enabling them to produce more efficiently.
2) Enhanced Labor Productivity: Adequate capital accumulation leads to improved labor productivity. Workers with access to modern machinery and technology can produce more output per unit of time, increasing overall economic efficiency and growth.
3) Diminishing Returns: However, it is important to note that the impact of capital accumulation on economic growth is subject to diminishing returns. Initially, the addition of capital leads to significant productivity gains, but as the capital stock increases, the marginal returns diminish. This underscores the importance of technological progress as a complementary factor.
Technological Progress:
Technological progress refers to advancements and innovations that lead to improved production methods, new products, or increased efficiency. It can occur through research and development, knowledge accumulation, and the adoption of new technologies. The implications of technological progress for long-run economic growth are as follows:
1) Productivity Growth: Technological progress is a key driver of productivity growth. New technologies and innovations enable more efficient production processes, which increase output levels without requiring a corresponding increase in inputs. This sustained productivity growth contributes to long-run economic growth.
2) Structural Change: Technological progress often leads to structural changes in an economy. Industries and sectors that embrace technological advancements tend to experience higher growth rates, while those resistant to change may face challenges. Technological progress can drive economic transformation and the emergence of new industries, fostering overall growth.
3) Spillover Effects: Technological progress often has positive spillover effects throughout the economy. When one firm or industry adopts new technologies, it can lead to knowledge diffusion, knowledge spillovers, and subsequent productivity gains in related sectors. This amplifies the impact of technological progress on overall economic growth.
In conclusion, both capital accumulation and technological progress play vital roles in a country's long-run economic growth. Capital accumulation increases production capacity and labor productivity, but its impact diminishes over time. Technological progress, on the other hand, drives sustained productivity growth, structural change, and spillover effects, enabling economies to achieve higher levels of growth and development.
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the dodd-frank wall street reform and consumer protection act was passed in response to wall street's ethical lapses and abusive financial services practices.
Answers
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in response to Wall Street's ethical lapses and abusive financial services practices: True.
What is CFPB?CFPB is acronym for Consumer Financial Protection Bureau and it can be defined as an independent agency of the government of the United States of America that was founded on the 21st of July, 2011.
Based on historical information and records, the Consumer Financial Protection Bureau (CFPB) was established on the 17th of September, 2010 by President Barrack Obama, as a result of the Dodd-Frank Act, under Title X which connotes the Consumer Financial Protection Act of 2010.
In this context, we can reasonably infer and logically deduce that the ethical lapses and abusive financial services practices of Wall Street resulted in the establishment of Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Complete Question:
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in response to Wall Street's ethical lapses and abusive financial services practices. True or False
Assume that the manager of a local discount store hires you as a consultant to assess the store's available space. What suggestions would you
make In order to use the space most productively?
Answers
The suggestions I would make In order to use the space most productively as a consultant is to advice them not to be storing any fault item from the factory in their store but return them immediately, and also to make sure then go for products that can seel fast in the market.
What is productivity?Productivity serves as the effectiveness of productive effort, which is been put in by the firm and it can be measured in terms of the rate of output per unit of input.
If the store can make use of the advice, then the space will be enough to run their business effectively.
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