The problem of determining what goods and services society should produce: exists because there are not enough resources to provide all of the goods and services that people want to purchase.
A service is "an (intangible) act or use for which a consumer, business, or government is willing to pay". Examples include work by hairdressers, doctors, lawyers, mechanics, banks, insurance companies, etc. Public services are those paid for by society as a whole (state, financial union, or region). Examples of goods are cars, appliances, and clothing. Examples of services include legal advice, house cleaning, and consulting his services. A company's output may fall somewhere between these two concepts. For example, a landscaping company can sell trees (goods) and mow lawns (services) to homeowners.
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What are two examples of how Josie, a business owner, can help support her community and their local events?
A. Through volunteerism and sponsorship
B. Through online reviews and creativity
C. Through free marketing and word-of-mouth
D. Through managing expectations and conflict resolution
Two examples of how Josie, a business owner, can help support her community and their local events are A) Through volunteerism and sponsorship.
What are volunteerism and sponsorship?Volunteerism and sponsorship are two examples of how a business owner can support their community and local events.
Volunteerism can take any of the following forms:
Actively seeking volunteer opportunities in the communityParticipation in community projects, like reforestation and cleaning up beachesCommitting to providing assistance and sustaining the commitments.The benefits that accrue from volunteerism include:
Making a differenceMeeting peopleBeing part of a communityLearning new skillsGaining self-confidenceTaking on different challenges.Sponsorship involves providing support, physical, moral, financial, and otherwise, to ensure the successful completion of the projects of a community or organization.
Thus, two examples of how Josie, a business owner, can help support her community and their local events are A) Through volunteerism and sponsorship.
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The possibility of conflict of interest between the firm's stockholders and management is called ______.
The possibility of conflict of interest between the firm's stockholders and management is called the agency problem.
An agency problem is a conflict of interest which is inherent in any relationship where one party is expected to act in the best interest of the another party another. Thus, the agency problem cannot exist without a relationship between a principal and an agent.
Stockholders and managers in a corporation would most likely engage in the conflict of interest. So the stockholders would intend to focus on maximizing business value.
Hence, the managers would focus on their promotion, commission, and other bonuses.
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List and compare the four components of the expenditure approach to calculating GDP
There are four foremost mixture costs that go into calculating GDP: consumption through families, investment by means of businesses, authorities spending on goods and services, and internet exports, which might be equal to exports minus imports of products and services.
The 4 additives of GDP are intake (spending by using households), funding (spending by using groups), authorities spending, and net exports (total exports minus general imports).
Economists divide the spending on an economic system's goods and services into 4 components: consumption, funding, authorities Purchases, and internet Exports.
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potential career paths in operations and supply chain management include a(n) , who acquires knowledge in a specific market in which the organization purchases significant quantities of materials and services.
Commodity manager acquires knowledge in a specific market in which the organization purchases significant quantities of materials and services.
Who is Commodity manager?Commodity managers keep an eye on the state of the market and buy when the going is good. They continually look for new chances for innovation and analyse trends to spot and address potential supply chain issues.
Commodity managers, who are also known as procurement managers, are in charge of overseeing the acquisition of goods to support the supply chain of a business. They are primarily responsible for supervising department employees and sourcing supplies from vendors while also monitoring market conditions to reduce risks.
A basic good that is interchangeable with other items of the same type in commerce is referred to as a commodity. Grain, gold, beef, oil, and natural gas are classic examples of commodities. Commodities can help investors diversify their portfolios in ways other than traditional securities.
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In reconciling the balance of cash in the bank account with the balance of cash per the company’s records, differences in the two balances are due to either timing differences or errors. True or false?.
It is True that in reconciling the balance of cash in the bank account with the balance of cash per the company’s records, differences in the two balances are due to either timing differences or errors .
How can the accidental errors are made in accounting Company 's record ?
In accounting, there are numerous distinct kinds of mistakes. Most unintended mistakes in accounting occur when journal entries are being recorded.
Small accounting mistakes might not have an impact on the financial statements' final numbers. Or they might seriously skew the total numbers. Finding and fixing this kind of issue takes a lot of time and effort.
Every small business should be aware of the most frequent types of accounting problems so that it will be simpler to identify and repair them because they can interrupt your operation.
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go to the st. louis federal reserve fred database and find data on federal debt held by the federal reserve (fdhbfrbn), by private investors (fdhbpin), and by international and foreign investors (fdhbfin). using these series, calculate the total amount held and the percentage held in each of the three categories for the most recent quarter available. repeat for the first quarter of 2000, and compare the results.
The Main Answer is Federal debt held by the federal reserve = 501.7/4,769.5 x 100 = 10.51%
Federal debt held by the private investors = 3,182.8/4,769.5 x 100 = 66.74%
Federal debt held by the international and foreign investors = 1085/4,769.5 x 100 = 22.75%
Step 1. Introduction
The data obtained for the recent quarter and for the firt quarter of 2000 can be shown as,
Observation date Held by federal reserve Held by private investors Held by foreign and international investors
2000-01-01 501.700 3182.8 1085.0
2021-10-01 6141.499 17491.3 7739.4
Step 2. Explanation
From the above data, the total amount held in 2021:Q4 can be obtained as,
($ 6,141.499 +$ 1,7491.3+ $ 7739.4)billions = $ 31,372.199
Now, the percentage held in each category can be obtained as,
Federal debt held by the federal reserve = $ 6,141.99/$ 31,372.199x 100= 19.57%
Federal debt held by the private investors = $ 1,7491.3/$ 31,372.199x 100= 55.75%
Federal debt held by the international and foreign investors = $ 7739.4/$ 31,372.199x 100= 24.67%
The total amount of federal debt held in 2000:Q1 can be obtained as,
=$($501.7+3,182.8+1085)billions =$4,769.5 billions.
Now, the percentage held in each category can be obtained,
Federal debt held by the federal reserve = 501.7/4,769.5 x 100 = 10.51%
Federal debt held by the private investors = 3,182.8/4,769.5 x 100 = 66.74%
Federal debt held by the international and foreign investors = 1085/4,769.5 x 100 = 22.75%
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5. kate's sister has already gotten three promotions at work in her first two years, kate is careful
not to base her assessment of personal strengths and weaknesses on her ideas about her
sister's success.
Kate's sister has already gotten three promotions at work in her first two years, Kate is careful not to base her assessment of personal strengths and weaknesses on her ideas about her sister's success.
What is assessment?The practice of assessment entails the collection of information in order to identify, analyze, evaluate, and address the problems, issues, and circumstances of clients in the counseling relationship. Assessment is used as a basis for identifying problems, planning interventions, evaluating and/or diagnosing clients, and informing clients and stakeholders. Many novice counselors may make the mistake of identifying assessment as a means to an end, such as providing a label or diagnosis to a client. In this text , assessment will be viewed as a process essential to all elements of counseling. Whether practicing in a school, private practice, agency, or other health care setting, assessment plays an integral role. Assessment moves beyond the administration of measures. Assessment involves identifying statements, actions, and procedures to help individuals, groups, couples, and families make progress in the counseling environment. Although counselors have the opportunity to limit their scope of practice with respect to modalities, theories, and types of clients, a counselor cannot function without an understanding of the processes and procedures of assessment in counseling.To learn more about assessment, refer: https://brainly.com/question/28046286?referrer=searchResults
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black consulting company purchased equipment for $5,000. this amount is to be paid in 60 days. this transaction would be recorded with a credit entry to the account. multiple choice question. equipment expense equipment accounts payable cash
Equipment was purchased by a black consulting firm for $5,000. This sum must be paid within 60 days. A credit entry would be made to the accounts payable account to reflect this transaction.
Accounts Payable is what?The word "accounts payable" (AP) in accounting refers to the sums owed to suppliers or vendors for products or services that were paid for with credit. Accounts payable is the total of all amounts still owing by a company to its suppliers as of the end of the reporting period.
The cash flow statement will show an increase or decrease in total AP from the prior period. To safeguard your money and assets, avoid paying for false invoices, and keep internal controls in place, it's crucial to closely monitor your AP spending.
It's essential to keep your accounts payable process organized and efficient if you want to keep track of how AP affects your bottom line.
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Maquiladoras are foreign-owned manufacturing plants allowed to operate in mexico with special privileges in return for employing mexican citizens. True or false?.
Maquiladoras are foreign-owned manufacturing plants allowed to operate in mexico with special privileges in return for employing mexican citizens is a true statement.
What is a Maquiladora?
Maquiladora refers to a manufacturing plant or a factory in Mexico. These corporations are approved by the Secretariat of Commerce and Industrial Development of the country for operation under a decree which is established in 1989. They are owned by foreign entities.
Maquiladora was first developed in 1960s as to encourage foreign investment and also to address unemployment.
They are usually operated near the U.S.-Mexico border.
Companies that are operated under maquiladora model can take the advantage of innumerable benefits.
The products manufactured are normally exported to the Mexican border or beyond.
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Sometimes consumers purchase goods because of "conspicuous consumption"; i. E. , they want others to know that they can afford to buy the goods. There are many examples of these goods, such as rolex watches, coach purses, and flying first class. What would you expect the income elasticity of demand to be for these goods?.
A. These are luxury goods, so income elasticity would be greater than 1.
The Correct Option is AAn economic indicator of how sensitive the amount desired for an item or service is to a change in income is called income elasticity of demand. The ratio of the percentage change in quantity requested to the percentage change in income is used to determine the income elasticity of demand.
What does a value of 1 for income elasticity mean?
The income elasticity of demand would be 20%/20% = 1, for instance, if a person's income rose by 20% and the quantity required for an item rose by 20%. It would become a typical good as a result.
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Complete Question - Sometimes consumers purchase goods because of "conspicuous consumption"; i.e., they want others to know that they can afford to buy the goods. There are many examples of these goods, such as Rolex watches, Coach purses, and flying first class. What would you expect the income elasticity of demand to be for these goods?
A. These are luxury goods, so income elasticity would be greater than 1.
B. These are normal goods, so income elasticity would be greater than 1.
C. These are inferior goods, so income elasticity would be greater than 1
If workers in china and india become as productive as u. S. Workers, what adjustments will allow the united states to regain its competitiveness?.
Competitiveness is the characteristic or ability of an organization to achieve its mission more successfully than the offerings of competing organizations.
Beyond parties, governments, and ideologies, if there is a truism in the US foreign policy community, it is that in order for America to be strong abroad, it must be strong at home. Hawks and pigeons, isolationists, and neoconservatives agree that a key pillar of US power lies in the middle class. Its dynamism, productivity, political and economic participation, and, most importantly, an attractive promise of progress and opportunities for the rest of the population. world world.
Yet, after her 30 years of US dominance on the world stage, the US middle class is in turmoil. The economic challenges posed by globalization, technological change, financial imbalances, and fiscal pressures are largely unresolved. And that was before the coronavirus plunged the country into its worst economic crisis since the Great Depression, exposing deep injustices in American society, boiling over long-running escalating tensions over racial injustice, and pushing the U.S. caused the level of social unrest that the It hasn't been seen since the height of the civil rights movement.
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In choosing among alternatives to qualify a solution, a person is focusing on ______ if he or she considers such things as ethical implications, personal values, profits, and/or company reputation
In choosing among alternatives to qualify a solution, a person is focusing on selection criteria if he or she considers such things as ethical implications, personal values, profits, and/or company reputation.
The selection criteria are the essential education, preparation, skills, and experience that a candidate must possess in order to do a job successfully. They also include personal qualities, knowledge, and talents. To be considered for a post, you must satisfy the requirements like personal values. Key selection criteria may be found in every Position Description and include the abilities, personal values, characteristics, know-how, and credentials that the employer has identified as necessary to fulfill the job's needs. Selection criteria come in many different forms, including text, path, relation, metric value, and normal criteria.
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"what role do investment banks play in the economy? a. investment banks advise companies in major financial transactions such as buying or selling companies or divisions. b. investment banks assist companies in raising capital by issue of stocks and bonds on behalf of corporate clients. c. investment banks provide financial planning advice to individual investors. d. investment banks are the primary vendors of mutual funds.
The appropriate choice is option (b).
By issuing stocks and bonds on behalf of corporate clients, investment banks help corporations raise funds.
What function do investment banks serve within the economic system?Investment banks facilitate the matching of buyers and sellers, so increasing market liquidity, which benefits the economy and larger financial markets. Additionally, banks' activities increase the effectiveness of financial development and encourage corporate expansion, both of which benefit the economy.
Which duties do investment banks perform most frequently?Investment banks assist the trading of securities by bringing together buyers and sellers and buying and selling securities on their own behalf. By creating a market for a particular investment, they offer investors liquidity and prices.
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Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Switzerland is much smaller than the united states but its population density is much greater. Although Switzerland's GDP is much smaller than the united states' GDP, its GDP per capita is slightly higher.
A country's Gross Domestic Product (GDP) per capita is calculated by dividing the GDP by the entire population. The table that follows ranks all of the nations in the world according to nominal GDP per capita and GDP at purchasing power parity (PPP) per capita. Therefore, a higher GDP per capita is frequently associated with excellent outcomes in a wide variety of areas, such as better fitness, more education, or even more lifestyle satisfaction. United States of America. The United States of America is a North American country and the strongest naval and economic power in the region. Likewise, its cultural influence is felt around the globe, mostly because to the popular culture that is reflected in music, movies, and television.
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a resource is valuable and rare but neither difficult to imitate nor without substitutes. this should enable the firm to attain group of answer choices a sustainable competitive advantage. no competitive advantage. competitive parity. a temporary competitive advantage.
If a resource or capability is valuable and scarce, but not prohibitively expensive to copy, utilising it will provide a corporation with a long-term competitive advantage.
What makes a resource difficult to replicate?Certain resources may and are protected by different legal measures, such as trademarks, patents, and copyrights, making it difficult for competitors to reproduce them. Other resources are difficult to replicate since they grow over time and represent unique elements of the company.
If it is difficult for another business to acquire or replace anything else in its place, a resource is inimitable and non-substitutable. A valued and scarce resource or capability will provide a competitive advantage as long as competing enterprises do not acquire it later.
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When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called.
When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called bonds.
In the field of business, a bond can be described as an agreement that shows a loan that is given to a borrower. A corporation or government is the borrower in a bond and the public is the loan provider.
Debt securities are used for making bonds by the corporation or government.
If an interest needs to be made along with the borrowed money, then bond coupons are used.
The formation of binds in businesses helps lenders to get back their money on the set date. It also helps in making the borrowing and lending process easier as all terms and conditions are mentioned when a bond is made.
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abc automobiles include remote self-parking assist. this autonomous system allows cars to park themselves even when the owner is not inside the car. this service differentiates abc from other automobile manufacturers that do not offer this feature. this is an example of a(n)
abc automobiles include remote self-parking assist. this autonomous system allows cars to park themselves even when the owner is not inside the car. this service differentiates abc from other automobile manufacturers that do not offer this feature. this is an example of a(n) order winner
How do products succeed in the marketplace and get sales?Price, delivery dependability, delivery speed, quality conformance, demand growth, product range, design, distribution, design leadership, being an existing supplier, marketing and sales, brand name, technical liaison and support, and after-sales support are among the 14 characteristics of order-winners and qualifiers.
Product dependability and quality were order qualifying factors at Walmart. They provided high-quality goods and services that were always in stock, making them dependable. Walmart, however, provided inexpensive goods as order winners in order to acquire a competitive edge.
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How can Joseph’s increased debt affect the rest of his life?
a policy intended to make housing affordable for the poor (i.e., rent control) has had the net effect of shifting resources away from the building of:
a policy intended to make housing affordable for the poor (i.e., rent control) has had the net effect of shifting resources away from the building of: non-luxury apartments for the poor.
Rent controls force landlords to cost apartments below the equilibrium index. an instantaneous effect could be a shortage (excess demand) of apartments, because the number of apartments demanded is bigger than the amount supplied at the regulated price.
Rent control may be a price ceiling imposed by the government. A price ceiling could be a government-imposed limit on how low a price is charged and kept for an honest person. A price ceiling or price cap could be a regulation that creates it illegal to charge a price on top of a specified level.
When a price ceiling is applied to a housing put up for sale is termed a rent ceiling. If the rent ceiling is ready above the equilibrium rent, it's no effect. The market works as if there has been no ceiling. Rent control could be a broad term for legislation that limits rental rates during a city or state.
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assume that kubin company produced 17,000 units and expects to sell 16,740 of them. if a new customer unexpectedly emerges and expresses interest in buying the 260 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer?
Calculate the cost difference between producing one unit and the cost of producing two of them:
Direct materials $1976
Direct labour $1196
Variable manufacturing overhead $546
Fixed manufacturing overhead $1456
Total cost for 260 units $5174
Incremental cost per unit $19.9
The incremental cost is the total cost of producing additional units of the product. Incremental costs are calculated by adding additional costs associated with the production process such as B. Raw materials are analyzed for additional production units.
Incremental costs are additional costs incurred when a firm produces additional units of production. Additional costs include related costs that change only in accordance with the decision to produce additional units. The total amount of goods produced must be within the same period in which the costs were incurred.
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What ancient people used hieroglyphics to record important economic, administrative, and royal information? question 8 options: egyptians sumerians israelites persians
The ancient people used hieroglyphics to record important economic, administrative, and royal information is Egyptians.
Egyptian Hieroglyphics was the formal writing system used to write the Egyptian language in ancient Egypt. Hieroglyphs are about 1,000 different characters that combine elements of logos, syllables, and the alphabet. Italic hieroglyphs were used in religious literature on papyrus and wood.
The word hieroglyph literally means sacred carving. The Egyptians initially used hieroglyphs only for inscriptions carved or painted on the walls of temples. This form of the paintbrush was also used on tombs, papyrus sheets, stucco-covered wooden boards, pottery fragments, and limestone fragments.
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A type of bond that allows the bond issuer to retain the privilege of redeeming it at a pre-specified price at some time prior to its normal maturity date.
Answer: Callable Bond
Explanation:
Within the written agreement between the issuer and creditor, known as the indenture there are terms that lay out important provisions such as basic terms, repayment arrangements, protective covenants, and call provisions. The call provision allows the issuer the right to repurchase or "call" part or the entire bond issue at a stated price over a specific time period.
In order to have more efficient supply chains, when the world becomes your market, what term has been used to describe how intermediaries are often critical to facilitate effective commerce?.
In order to have more efficient supply chains, when the world becomes your market, Distribution channel is used to describe how intermediaries are often critical to facilitate effective commerce.
The wisest utilization of resources to guarantee the best outcomes is referred to as the distribution channel. Therefore, if all processes are correctly optimized, businesses can operate at their peak effectiveness and thereby boost their bottom line.
But accomplishing this is difficult since it requires examining each and every step in the process and identifying flaws. Then, these flaws can be fixed and reposition to improve their effectiveness and price.
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A reduction in an input price will cause a change in quantity supplied but not a change in supply. True or false?.
The answer is true. Quantity supplied in economics refers to the number of goods or services that suppliers will produce and sell at a given market price. Therefore the quantity supplied differs from the real amount of supply (i.e., the total supply).
The quantity supplied is the amount of a product that a retailer wishes to sell at a specified price. When stating the quantity supplied, a time period is usually included. As an example: When the price of an orange is 65 cents, the weekly supply is 300 oranges. Price increases nearly invariably result in an increase in the quantity of that commodity or service supplied.
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One of the users in your organization has just re-installed the operating system on his system. He notices that the email software can be accessed after the reinstallation, but all the old emails have disappeared. What could be the cause of this problem?.
The cause f the problem can be locally using a protocol called POP3 (Post Office Protocol 3), but one avoid such email issues by keeping it in sync with all of your devices using a protocol called IMAP (Internet Message Access Protocol).
To transport messages from an email server to an email client, the post office protocol (POP) is the message request protocol that is most often used on the Internet today. With POP3, the email client requests new messages from the email server, and the server "pops" all new messages to the client. When email clients want to retrieve email from a mail server, they use the Post Office Protocol, an application-layer Internet standard protocol. The most popular email retrieval protocols are POP version 3 and IMAP. POP version 3 is currently in widespread use.
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In 2018, country a exported $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:__________
The difference between the dollar value of its exports and imports represents a trade surplus.
What is a trade surplus?
A trade surplus is when the dollar value of the goods exported is greater than the dollar value of the goods exported. When the value of export is greater than the value of import, the next export value is positive.
Surplus = export - import
$84.9 - 74.69 = $10.21 billion
Export comprises of goods and services produced in the US that are been sold to foreign countries. Import comprises of foreign produced goods and services that are been sold in the US
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Alex and Bailey run a dog wash and spa service. They have to purchase basic, low-cost work supplies on a regular basis. They budget a specific amount of money to buy these goods each month. Which type of credit would be most
helpful and least risky for them?
O Installment credia
O Secured credit card
mous Question
O Service credit
O Bank loan
The type of credit that would be most helpful and least risky to Alex and Bailey is Secured credit card.
What can a secured credit card do?A secured credit card is backed by some assets of the company that acquires it.
It allows for regular purchases like Alex and Baily and because it is secured, it is not very risky and has a low interest rate that can be paid of every month.
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a beer manufacturer noticed that the cost of hops increased four times in the last year. a description of this would be found in the blank section of the swot analysis.
A beer manufacturer has noticed that the cost of hops has increased four times in the last year. A description of this would be found in the threats section of the SWOT analysis.
What is SWOT analysis?SWOT analysis is a technique used in strategic planning and strategic management to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning. Situational analysis or situational assessment are two other names for it.
A SWOT analysis is a framework for determining and evaluating an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is made up of these words. The main objective of a SWOT analysis is to raise awareness of the elements that influence business decisions or the formulation of business strategies.
It is a tool for recording your company's internal strengths (S) and weaknesses (W), as well as external opportunities (O) and threats (T). In order to help you reach your objectives, you can use this information in your business planning.
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Tam is good at drawing conclusions from given information. thus, tam is good at ________ reasoning.
Tam is good at drawing the conclusions from given information. thus, tam is good at deductive reasoning and Lan is good at inductive reasoning.
What are deductive reasoning and inductive reasoning?Deductive Reasoning:
Deduction is generally defined as "deriving of a conclusion by the reasoning." Its specific meaning in logic is "inference in which, conclusion about particulars follows necessarily from general or universal premises." Simply put, deduction—or process of deducing—is formation of a conclusion based on generally accepted statements or facts.
It occurs when you are planning out trips, for the instance. Say you have a 10 o'clock appointment with dentist and you know that it takes 30 minutes to drive from your house to the dentist's. From those two facts, you deduce that you will have to leave your house at 9:30, at latest, to be at the dentist's on time.
Inductive Reasoning:
Whereas, in deduction truth of the conclusion is guaranteed by the truth of the statements or facts considered (the hot dog is served in a split roll and a split roll with a filling in middle is a sandwich), induction is a method of reasoning involving an element of probability. In logic, the induction refers specifically to "inference of a generalized conclusion from particular instances."
In the other words, it means forming a generalization based on what is known or observed. For example, at lunch you observe 4 of your 6 coworkers ordering same sandwich. From your observation, you then induce that sandwich is probably good—and you decide to try it yourself. Induction is at play here since your reasoning is based on an observation of a small group, as opposed to the universal premises.
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While opening your checking account, the bank representative seems very interested in getting you to sign up for overdraft protection. What might explain his motivation?.
He may be receiving a sales commission for every customer who opts in to get overdraft protection.
What is overdraft protection?
An extra service called overdraft protection keeps charges to a bank account from being declined if they exceed the available cash in the account. The most common use of overdraft protection, also known as cash-reserve checking, is as a security net for checking accounts, though it can also be used with savings accounts.
If the account balance drops to zero, overdraft protection ensures that a check, ATM, wire transfer, or debit card transaction will be processed. Depending on the type of linked account utilised, overdraft protection may come with significant fees and interest. Overdraft protection lines of credit can range from $250 to $5,000 and above.
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