Three parts make up the competition: submitting initial ideas, qualifying teams submitting business plans, and a final presentation of the teams and concepts that stood out from the second stage.
Candidates and teams are asked to upload a brief, detailed, and documented description of their business idea for the first stage of the competition, which is handled online using a template (online submission form) that is available on the competition website. The main components of each first-stage proposal will be made available to the public on the platform so that potential partners and investors can interact with them. Each proposal will be evaluated on its originality, viability, and completeness as well as its relevance to the PROMETHEUS project's goals and the needs of the business community as expressed on the platform in order to determine if it advances to the second stage.
A detailed business plan that can result in the development of a business and is sufficient for possible financiers will be assembled and submitted by the proposals that advance to the second stage using a template that will be provided. According on the content of each business idea, mentors with the appropriate skills will be appointed to support the teams in the second round. Between mentors and team members, communication and relevant meetings will be conducted digitally. A team of assessors, made up of university professors, seasoned business executives, and public sector experts, will assess the proposals in the first two stages.
The top business proposals, chosen following the pertinent second stage review, will be presented at the competition's final event in front of a jury made up of illustrious representatives of the academic community and the business world in the third stage. The team and their ideas are briefly presented during the final presentation, which is typically live, and pertinent questions from the judges and audience are also addressed.
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6. allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
The periodic assumptions allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
What is a periodic assumptions?In accounting, it states states that an organization can report its financial results within certain designated periods of time.
Hence, it allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
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the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade shows, event sponsorships
Through transient actions like trade fairs and event sponsorships, sales promotion is a tactic that encourages customer purchase and dealer engagement.
What is Sales Promotion?A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.
A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.
Let's examine several sales promotion types in more detail, as well as the advantages and disadvantages of adopting each style of promotion.
12 different categories of sales promotions exist. Although not all of them are appropriate for every industry, product, or service, each one offers distinct opportunities to increase sales and forge stronger bonds with clients by utilizing various sales psychology techniques. Each presents a comparison of sales methodologies and offers an unusual perspective on spin selling.
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Economist hernando de soto believes that the benefits of capitalism will not be achieved until.
Economist Hernando de Soto believes that the benefits of capitalism will not be realized until Property Rights are better protected.
The economic system is a forum to regulate the allocation and utilization of natural resources and human resources in a country. The management of human resources and natural resources starts from the activity of producing an item to marketing it in the market.
These production activities can be carried out by the government directly or by the people themselves. This depends on what type of economic system they follow.
The capitalist economic system is one of the most popular and controversial economic systems. This system was born from the thinking of classical economics. Where the capitalist economic system has the main characteristic, namely private property rights over all means of production and distribution. This is used to get as much profit or profit as possible.
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because their responsibilities are based around planning and organizing, the most important set of skills for top managers are .
Conceptual skills are the most important skills for top managers because thier responsibilites are based around planning, organizing and execution.
Conceptual skills are basically those thinking skills that grasp ideas that are complex in nature and then come up with answers to difficult problems. These skills are considered very important for top managers as they will help to find the solutions to different challenges. For management these skills require the ability to make quick decisions, where required because the responsibilities of top managers sorround planning, organizing etc.
Some types of conceptual skills include decision-making, critical thinking, logical thinking and multitasking. As top managers must look at the company's operations from a business standpoint, with realistic expectations and planning and organizing is their main responsibility, it is very important that managers can apply new concepts and bring change.
These skills not only allow top managers to visualize the organization and implement new ideas in the organization. Having conceptual skills allows the top managers to understand the impact of company decisions and see a clear picture as it impacts departments and individual employees.
Therefore conceptual skills are important management skills.
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the economic interests of the providers of financial information and the users of the information are the same, and this common interest creates the demand for an annual independent audit.
The economic interests of the providers of financial information and the users of the information are the same, and this common interest creates the demand for an annual independent audit. This is a game statement.
What is audit?It should be noted that audit simply means the official inspection of an entity or a company. It's the financial inspection.
The goal of an audit is to determine if the financial report's contents, when taken as a whole, accurately portrays the organization's financial situation at a specific time.
In this case, the economic interests of the providers of financial information and the users of the information are not the same,
Therefore, it's false.
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b. lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000. the company expects future returns and allowances equal to 5% of sales and 5% cost of sales. prepare the year-end adjusting journal entry for future returns and allowances related to sales.
If Lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000 and the future returns and allowances equal to 5% of sales. The year-end adjusting journal entry is: Debit Sales returns and allowances $10,000, Credit Sales refunds payable $10,000.
Adjusting journal entryThe appropriate journal entry to record the transaction for future returns and allowances related to sales is:
Lopez company journal entry
Debit Sales returns and allowances $10,000
Credit Sales refunds payable $10,000
($200,000×5%)
(To record future returns and allowances)
Therefore If Lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000 and the future returns and allowances equal to 5% of sales. The year-end adjusting journal entry is: Debit Sales returns and allowances $10,000, Credit Sales refunds payable $10,000.
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express the following comparative income statements in common-size percents. (round your percentage answers to 1 decimal place.)
To calculate an income statement of a standard size, divide the various income statement components by the sales revenue to get a percentage.
An income statement is a financial statement that details the company's earnings and outlays. It also shows a company's profit or loss over a certain period of time. When you compare the income statement to the balance sheet, cash flow statement, and cash flow forecast, you may be able to better understand your company's financial status.
What are income statements and what do they serve?
The goal of an income statement is to show a company's financial performance over a certain period of time. It describes the financial history of a company's operations.
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Mainstreet communities, llc (mainstreet), has a director of construction, scott thomas. Scott is a 20-year veteran with mainstreet and is responsible for overseeing the construction of the company’s development projects. What type of power does scott enjoy because of his position?
Based on the fact that Scott Thomas is responsible for overseeing construction, the type of power that Scott enjoys is Legitimate Power.
What is Legitimate Power?Legitimate Power refers to the power that a person has by virtue of their formal position in an organization or structure.
Scott Thomas is in charge of construction of development projects because he is a director of construction. He is therefore enjoying legitimate power.
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able sold to both the low and high tech segments last year, and marketing predicts able will have the same market share next year. how many units would you forecast for able? last year able sold 1,200 units total – 360 units to high tech customers and 840 units to low tech customers. the high tech segment is 20% larger than last year. the low tech segment has grown by 10%.
Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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an employer creates a safety team of six employees who are asked to recommend changes to the workplace that will reduce accident rates. the team recommends eliminating a job rotation program that allows the employer to move employees in and out of various jobs on an as-needed basis. they argue that job rotation both increases employee stress and reduces the amount of experience that employees have with the various safety procedures associated with a particular job. a conflict between which two objectives of the employment relationship is described in this scenario?
The scenario can be described as Efficiency and voice.
Describe the relationship between employer and employee.The way an employer (either an individual or an institution) and employees view and treat one another at work is what is known as an employer/employee relationship. A relationship between an employee and their employer begins the minute that person signs their employment contract. The legal connection between employers and employees is the employment relationship. It happens when someone performs tasks or renders services under predetermined guidelines in exchange for payment. Employer-employee relations, or ER, is the word used to describe this interaction. With an increased emphasis on the relationship between managers and their team members, ER places equal attention on interpersonal and group relationships in the workplace.
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what technology that simulates human thinking (learning from data, adapting to change, and making decisions automatically) can human resource managers use in the application of people analytics?
Technology that simulates human thinking (learning from data, adapting to change, and making decisions automatically) can human resource managers use in the application of people analytics is artificial intelligence.
What is a human resource manager?The human resources manager is responsible for managing the workforce in an organization. The functions included in his role are recruitment, performance evaluation, performance appraisal as well as training and development.
Artificial intelligence is when technology, particularly computer systems, simulates human cognitive processes. that imitate how people think by automatically generating judgments, learning from data, and adjusting to change.
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after mattel evaluated many new products to add to its barbie product line and before any prototype was created, the toy manufacturer instructed a committee to select three of the ideas to present to a group of consumers. the consumer group was asked to evaluate the three product ideas in terms of their marketability. this stage of new-product development is called:
After Mattel evaluated many new products to add to its barbie product line and before any prototype was created, the consumer group was asked to evaluate the three product ideas in terms of their marketability. this stage of new-product development is called b. concept testing.
The prototype is the authentic model. An example of a prototype is the primary version of a brand-new robot. noun. A prototype is a practical, no longer very last version of a service or product that organizations can use for testing, soliciting comments, and introducing to investors before formally launching to a much wider marketplace.
Concept testing is the process of the use of surveys to evaluate client attractiveness of a brand new product concept previous to the advent of a product to the marketplace. it's miles essential now not to confuse concept trying out with advertising and marketing trying out, emblem testing, and packaging checking out, as is on occasion achieved.
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Disclaimer:- your question is incomplete, please see below for the complete question.
a. prototype screening
b. concept testing
c. market testing
d. idea manipulation
e. idea diffusing
what describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project? multiple choice question. project scope project management project plan project manager
A project plan describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project. The correct option of this question is c i.e. project plan.
A project plan is formal documentation that defines the stages of the project and its execution. This includes the business need, the resources required and their justification and optimized application and the extents of the project. Project planning is done by the project managers and project planning softwares is used for this purpose. It is the who, how, what, why, where and when of a project.
The other options are incorrect because:
Project scope is a part of a project plan and it determines what the extents, limits and boundaries of the project are.Project management is the use of specific tools and expertise to ensure the successful completion of a project.Project manager is the individual who plans, organizes and executes projects.You can learn more about project plan at
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why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the place can be named. rooms are hard to book and this lets it be booked in advance. the product owner demands it.
The Daily Scrum is held at the same time and place each day to reduce complexity.
Complexity characterizes the behavior of a system or model where components interact in multiple ways and follow local rules, resulting in nonlinearity, randomness, collective dynamics, hierarchy, and emergence.
The term is generally used to characterize things that have many parts, and those parts interact in various ways, culminating in a higher origin that is greater than the sum of their parts. increase. Investigating these complex interconnections at various scales is a major goal of complex systems theory.
2010 science follows different approaches to characterize complexity. Zayed et al. Reflect many of them. Neil Johnson said, "Even among scientists, there is no clear definition of complexity, and scientific terminology has traditionally been communicated in terms of specific examples.."
The definition of "complexity science" is "phenomena arising from a collection of interacting objects"
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for each of the users of accounting information, identify whether the user is an external decision maker (e) or an internal decision maker (i):
Here, 'e' stands for external decision maker and 'i' stands for internal decision maker
customer - e
company manager - i
internal revenue service - e
lender - e
investor - e
controller - i
cost accountant - i
SEC - e
What is the difference between the roles of external decision maker or an internal decision maker?Internal users are any of the several departments or divisions that utilize accounting data to influence decisions. encompasses the management of the business.
Groups that are not a member of the organization but have an interest in it are known as external users. Examples include the government, lenders, consumers, and investors.
Complete Question -For each of the users of accounting information, identify whether
the user is an external decision maker(E) or an internal decision maker(I):
-customer
-company manager
-Internal Revenue Service
-Lender
-Investor
-controller
-Cost accountant
-SEC
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in marketing, a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers’ needs and is received in exchange for money or something else of value is known as a(n)
It is known as a product.
What is a product?Anything you sell to fulfill a customer's need or desire is a product. They could be real or virtual. Physical products come in both durable and nondurable varieties, including furniture, computers, and vehicles (such as food and beverages). Offerings of services or experiences constitute virtual products (such as education, software, and other digital products). A hybrid product might have both physical and virtual components. In order to better reach and serve customers, traditionally analog products are incorporating digital technology, leading to an increase in the prevalence of hybrid products.
Thus This guide will teach you that there is much more to a product than what the customer initially sees and what they believe they are purchasing.
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The major department head who is appointed by the president to deal with foreign countries is the.
The major department head who is appointed by the president to deal with foreign countries is The Secretary of the state.
The Secretary of State is generally appointed by the President of the country which deals particularly with the advice as well as the consent of the Senate and is the chief foreign affairs adviser who is selected by the president. The Secretary will be carrying out the foreign policies generated by the president through the State Department and also the Foreign Service of the respective country.
In many democratic countries, the Ministry of Foreign Affairs department of the government is responsible for the diplomacy, bilateral, and multilateral relations affairs of the state which is as for providing support for the citizens of a country who are staying abroad.
State Department, is considered to be an executive department of the federal government though it is responsible for the foreign policy and foreign relations that take place in a particular state.
The primary goal concerned with the Secretary of State and Department of State is to shape a freer and secure, and also more prosperous living world through the implementation and formulation of the foreign policy of the president while supporting and most importantly protecting the country's interests existing abroad.
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true or false? aligning your sales team’s incentives with your customers’ long-term success will create delight for your customers.
The answer is true. A customer is an individual or business who purchases goods or services from another entity. All firms fight for customers by aggressively advertising their products, cutting prices to expand their customer bases, or producing distinctive items and experiences that people enjoy.
Some firms closely monitor their customer connections to seek ways to improve service and products in order to better fulfil the needs of their customers products. As a result, many businesses carefully monitor their customer connections in order to solicit feedback on how to improve product lines. Customers are classified in a variety of ways. Customers are typically categorized as either external or internal.
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Supporters of laissez-faire believed the government should interfere in the economy only to.
Supporters of laissez-faire believe that the government should intervene in the economy only to protect property rights and maintain peace.
Laissez-faire can be defined as an economic theory that has developed since the 18th century. Those who adhere to this theory believe that the government should not interfere in the business activities of the people. Alias, assumes that the economy must run as it is.
The objective of the principle of laissez-faire economics is to promote a free and competitive market which demands the restoration of order and the natural state of freedom from which human beings emerged. Therefore, a laissez-faire economy is characterized by the free movement of supply and demand, Supply and Demand The law of supply and demand is a microeconomic concept which states that in an efficient market, the quantity supplied of a good and the quantity demanded for that good are equal between each other. The price of the good is also determined by the point at which supply, and demand equal each other, free from all forms of interference by the government, pricing monopolies, or other powerful parties.
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Assume that consumers consider popcorn and pretzels to be substitutes. A significant decrease in the supply of popcorn will affect the pretzel market by.
Assume that consumers consider popcorn and pretzels to be substituted. A significant decrease in the supply of popcorn will affect the pretzel market by increasing the demand for pretzels and therefore the price of pretzels.
Maximum producers are targeting millennials, a developing health-aware patron segment, mainly in Europe and the Americas. Increasing consumer interest in ethnic and distinct flavors is pushing companies to test progressive flavors including fruit-flavored chutney popcorn and barbecue popcorn.
Furthermore, the growing demand for popcorn as on-the-go snack and its availability in a greater diversity of flavors is predicted to propel the economic popcorn market growth. In 2020, prepared-to-consume popcorn accounted for the very best market proportion and is anticipated to dominate the marketplace at some stage in the forecast length.
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social trend technology trend consumer trend smart devices interest in renewable energy buying solar panels and generators
Matching the trends with the appropriate examples.
1 . social trend - interest in renewable energy
2. technology trend - smart devices
3. consumer trend - buying solar panels and generators
What are trends?A trend is referred to as anything popular which is changing the pattern of the market and influences the perception and demands. These trends help to manage the market and create fluctuations.
Social trends are referred to as trends which is caused by cahnges in the thinking of society. Technology trends influnece due to advancements in the technology and easier to work.
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The complete question is
Drag the tiles to the correct boxes to complete the pairs.
Match the trends with the appropriate examples.
1 . social trend
2. technology trend
3. consumer trend
A. smart devices
B. interest in renewable energy
C.buying solar panels and generators
an audit team generally includes blank . multiple select question. an it analyst one or two seniors staff members a financial analyst a partner a manager
An audit team generally includes a partner, senior staff members and manager .
What is an audit?
Financial statement audits are the most common type of audit. To ensure that the financial records are a fair and accurate depiction of the transactions they claim to represent, a financial audit is an objective review and evaluation of an organization's financial statements. Internal audits can be carried out by company staff or external audits can be performed by outside Certified Public Accounting (CPA) firms.
The financial statements of almost all businesses, including the income statement, balance sheet, and cash flow statement, are audited annually. As part of its debt covenants, lenders frequently demand a yearly external audit's findings.
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An independent contractor:
O A. is not able to use any tax deductions.
OB. has taxes withheld from each paycheck.
OC. makes estimated tax payments.
O D. does not have to pay income tax
An independent contractor has taxes withheld from each paycheck.
Who is an independent contractor?A person who is an independent contractor is one that would have to act as a consultant, a lawyer and also an accountant. This is a person that would have to give their services to an organization at a particular amount. The independent contractor is a person that would be defined in common law based on their method of receiving payment.
Hence we can conclude that the independent contractor has taxes withheld from each paycheck.
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bob's bakery is making a partial payment of $70 for baking supplies it purchased in a previous month. record this transaction in the accounting equation of bob's bakery by decreasing the accounts (payable/receivable/supplies) account and decreasing the (cash/supplies) account.
The (Cash/Equipment/Supplies) account would increase and the (Cash/Equipment/Supplies) account would decrease when documenting the purchase of equipment for cash using the accounting equation.
What is accounting ?Accounting, often known as accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities like businesses and corporations. Accounting, also known as the "language of business," is used to measure the outcomes of an organization's economic actions. A variety of stakeholders, such as investors, creditors, managers, and regulators, are informed of these results. Accounting is a profession practiced by accountants. Financial reporting and accounting are frequently used synonymously.
Among the many accounting specialties are cost accounting, management accounting, tax accounting, and financial accounting.
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swansea manufacturing currently produces 3,000 tires per month. the following per unit data for 3,000 tires apply for sales to regular customers: direct materials $38 direct manufacturing labor 14 variable manufacturing overhead 19 fixed manufacturing overhead 20 total manufacturing costs $91 the plant has capacity for 5,000 tires and is considering expanding production to 4,000 tires. what is the total cost of producing 4,000 tires?
The total cost of producing 4,000 tires is $344,000
Given,
Swansea manufacturing produces = $3,000 tires per month.
Per unit data = $3,000
Direct materials = $38
Direct manufacturing labor = 14 variable
Variable manufacturing overhead = 19 fixed
Fixed manufacturing overhead = 20 total
Total manufacturing costs = $91
Expanding production = $4,000 tires.
Total cost = ?
The total cost is calculated below,
[(Direct materials + Direct manufacturing + Total manufacturing costs) × units] + (Fixed manufacturing overhead × Per unit data)
= [($38+ $14 + $19) × $4,000 units] + ($20 × $3,000 units)
= ($71 × $4,000 units) + $60,000 units
= $344,000
Hence, the total cost of producing 4,000 tires is $344,000
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Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of gdp. It follows that.
The ability of a country to purchase the inputs that can be used to generate the items that contribute to wellbeing makes GDP still a valuable indicator of the welfare of society.
The most often used indicator of an economy's size is its gross domestic product (GDP). GDP can be calculated for a nation, a region (such as Tuscany in Italy or Burgundy in France), or for a group of nations (such as the European Union) as a whole (EU)
Welfare, or more frequently social welfare, is a form of government aid aimed at ensuring that citizens can satisfy essential requirements like food and housing.
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The forces influencing the life and development of the firm are classified into which two categories?.
There are both internal and external factors that have an impact on the company's survival and expansion.
meaning
External forces are those induced by a system actor from outside the system. No matter where the external force is applied, it will result in an acceleration of the system's center of mass.
The forces that the system's objects exchange are called internal forces. While the system's center of mass does not accelerate, other parts of the system might do so as a result of internal forces.
Consider a body in a system that is experiencing friction as an example.
If the two bodies are seen as a system, friction acts as an internal force.
Anything that exerts pressure on an item is a force.
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a financial services firm administered a leadership assessment to all job applicants for a management trainee job and then correlated scores on this test with the job performance of those who were hired one year later. this is an example of an assessment of predictive validity
All applicants for a management trainee position at a financial services company took a leadership evaluation, and the results were compared to the work performance of those hired one year later. This is an illustration of a predicted validity assessment.
What is the job?A job can be defined as a term where a person is being employed via employee and has to do certain work for which he or she is getting paid.
Predictive validity can be defined as the process when there are two variables or two factors that are to be considered. The first variable is made before the second variable when the assessment is being done.
As in this case The Financial Service administrator to the leadership test of job applicants the one which is higher the in the first year they may not have the same evaluation at the end of the year the result can be lowered high, this is called as predictive validity.
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The correct question will be:
a financial services firm administered a leadership assessment to all job applicants for a management trainee job and then correlated scores on this test with the job performance of those who were hired one year later. this is an example of an _________
an unlicensed assistant prospects for leads for their agent employer. who could be fined, and/or have a license suspended or revoked by trec
An unlicensed assistant finds leads for their agent employer by prospecting. whose unlicensed assistant, agent, and sponsoring broke could be fined, and/or have a license suspended or revoked.
If you hire an unlicensed assistant, it is your responsibility to make sure that any work or projects you provide them do not involve any activities that call for a BCFSA license. If you suspect that your assistant has been trading without a license, having an employment contract with the brokerage that specifies what she is being hired to do can help protect you. You must keep in mind that having an assistant who will have access to your clients' private information is important information that needs to be disclosed to them.
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The effect of population distribution and density on the environment and natural resources is known as.
The effect of population distribution and density on the environment and natural resources is known as carrying capacity.
The distribution of Population and density will be affecting political, economic as well as social processes which include the provision of services including hospital medical care. Population distribution as well as the density affects the environment and concerning natural resources and this is termed as carrying capacity.
The population composition can be given as a particular pattern made with the elements such as age structure and the gender ratio located in different regions which will be at varying scales. The population composition effects can be seen in the case distribution and also the density of the population.
The effect of Carrying capacity can be defined as the average population size of a particular species in the concerned habitat. Then the population size of the species is limited to adequate food, shelter, water, and mates which all are environmental needs. If these needs are not met successfully, the size of the population will get decreased until the rebounding of resources. Therefore, the carrying capacity will be having an effect on population distribution and density with respect to the availability of the environment and natural resources.
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