'Accounting is referred to as the language of business because it is the method of communicating business information to decision-makers.
This statement is True.
Accounting, also called bookkeeping, is the measurement, processing, and transmission of financial and non-financial information about economic entities such as businesses and enterprises.
Definition of Accounting is the process of systematically recording and maintaining financial accounts. Creating an income statement is an example of accounting. noun.
The process of systematically recording all company financial transactions. This includes analyzing, summarizing and reporting financial transactions to regulators, authorities and tax authorities. Accountants do the bookkeeping process for a company.
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In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to __________ the brand.
In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to reposition the brand.
This is further explained below.
What are high-end brands?Generally, It's possible that some high-end businesses may try to appeal to a wider variety of consumers while the economy continues to struggle as a whole.
Repositioning the brand is one approach that may be used in this direction.
In conclusion, The highest-end versions of things, particularly electronic ones, often come with the highest price tags.
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__________ is managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.
Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
What is Supply Chain Management?Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.
The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.
The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.
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During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________
Answer: debit to work in Process of $79,000.
What is journal entry?A journal entry is used to record a business transaction in the company's accounting records. The main ledger is where journal entries are frequently made, however they can alternatively be created in a subsidiary ledger and then rolled forward into the general ledger after being summarized. After that, financial statements for the company are generated using the general ledger.
According to the logic underlying a journal entry, every business transaction should be documented in at least two locations (known as double entry accounting). For instance, the income account and the cash account are both boosted when you make a cash sale. Alternately, raising the accounts payable and inventory accounts results from making purchases on credit.
Explanation:
Cost of direct labor: $79,00 and
$19,000 is indirect labor costs
Work in process is debited and factory payroll is credited when direct labor costs are allocated to it.
Manufacturing overhead is deducted and factory payroll is credited when direct labor costs are attributed to work that is already in progress.
In order to record the accrual of Direct labor expenses, a journal entry would need to debit work in process by $79,000 and credit factory payroll by the same amount.
In order to record accrual of indirect labor costs, a journal entry would debit manufacturing overhead by $19,000 and credit factory payroll by the same amount.
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When assessing the pulse of an unresponsive infant, you should palpate the ________ artery.
Answer:
Circulation: check for pulse at the brachial artery, in the infant's inside upper arm. If there is none, perform five compressions - 2 fingers (approximately ½ the size of a hand), 1/3 to 1/2 the depth of the infant's chest.
Explanation:
hope it helps
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its:_____
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its both normative and positive.
What is optimization?
Making a trading system more efficient through optimization entails changing the technical analysis variables. By lowering specific transaction costs or risks or by focusing on assets with higher expected returns, a trading system can be made more efficient.
The process of refining a portfolio, algorithm, or trading system in order to minimize costs or boost efficiency is known as optimization.
Reduced risks, higher predicted returns, or a change in rebalancing frequency can all be used to improve portfolios.
Optimization is a continuous and ongoing activity because markets and rules change frequently.
To adapt to shifting market conditions and lower the likelihood of programming errors, trading algorithms require ongoing optimization.
There is a risk of over-optimization because maximizing one component can entail minimizing other others.
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An increase in productivity as a result of a new technology would cause the production possibilities frontier to:________
An increase in productivity as a result of a new technology would cause the production possibilities frontier to shift outward.
What is the production possibilities frontier?The production possibilities frontier is a graph that depicts the various combination of two goods a company can produce when all its resources are fully utilised.
When a company produces on the production possibilities frontier, it is producing efficiently. When a company produces inside the production possibilities frontier, the firm is inefficient in its production. A company cannot produce outside the production possibilities frontier given its level of resources and technologies.
The production possibilities frontier is concave to the origin. This reflects the opportunity cost involved in production. As more of one good is produced, less of the other good would have to be produced. This is because the resources with which to carry out production are available in limited quantities.
Factors that cause the production possibilities frontier to shift outward include:
1. technological advancement
2. increase in available resources.
3. increase in the labour force.
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Besides browned mirepoix and bones, what else gives brown stock its darker color?
Brown stock gets its darker shade from tomato paste in addition to browned mirepoix and bones.
A mirepoix is a flavor basis produced from diced vegetables simmered for a long time on low heat without coloring or browning. This is done because additional cooking, frequently with the addition of tomato purée, results in a darkened brown mixture called pinçage. Since the goal is to sweeten rather than caramelize the ingredients, it is neither sautéed or otherwise hard-cooked. It is a time-tested method of cooking used in French cuisine. Depending on the total cooking time for the dish when the mirepoix is not precooked, the constituent veggies may be cut to a bigger size.
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Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. why would such a policy change be necessary?
Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. Such a policy change be necessary because -"This customer service was costing Costco money."
What is meant by return policy?A return policy is a written document outlining the procedures for returning purchased products or services. These policies frequently include reimbursement information, return requirements, timeframes, and contact information for customer support.
Every return policy should include a few key points to help consumers know the limitations and allowances your company makes for returns. This section contains the "meat" of your return policy, as it describes how much you'll accept from customers and how you'll refund them.It's critical to inform your customers about how long those who have to return a goods. In general, 15-30 days is conventional, though some businesses prefer 90 days. In either case, accepting returns after that time will do you no favors.Customers will try to return goods months, even years after they've been purchased if a time frame for returns is not disclosed.To know more about allowances, here
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When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to?
When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to supplies.
Supplies are purchased and debited into an asset account until they are actually used. Once being used, they are converted to an expense.
Therefore, Supplies can be considered a current asset if their dollar value is significant.
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If someone has failed to live up to a promise made to a business organization, the business organization should:____.
If it happens that someone has failed to live up to a promise made to a business organization, the business organization should seek a legal remedy within the courts.
What is a promise?In the legal context, a promise refers to a mere proposition of an offer.That means that a promise be binding on both parties but nearly impossible to be enforced by law.
When a promise made to a business organization is violated after an agreement, the business organization should seek a legal remedy within the courts. The legal remedy is how a person who has been wronged can seek justice and be compensated for the harm they have suffered; could be in form of money, property, relief etc.
However. In order to obtain a legal remedy, it is often necessary to go to court and prove that the other person is at fault. An examples of legal remedies include damages, injunctions, and specific performance etc.
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What were costco operating and net profit margins in that year? how do they compare with its margins in the prior year?
A. The operating profit margin was 3.10% while the net profit margin was 2.40% in 2019. The former decreased while the latter increased with respect to those of the prior year.
What are the operating profit margin and net profit margin?The operating profit margin is the ratio of the operating profit to the net sales for the period.
The net profit margin is the net income ratio to the period's net sales.
Both operating profit margin and net profit margin are financial ratios used to indicate the profitability of the business, making it comparable to previous periods or other businesses.
Data and Calculations:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
Operating Income margin 3.17% 3.24%
Net Income margin 2.45% 2.26%
Operating Income margin = Operating Income/Net Sales x 100
Net Income margin = Net Income/Net Sales x 100
Thus, Option A is the best choice for Costco's operating profit and net profit margins for 2019.
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Question Completion with Answer Options:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
(Select the best choice below.)
O A. The operating profit margin was 3.10% while the net profit margin was 2.40%. The former decreased while the latter increased with respect to those of the prior year.
OB. The operating profit margin was 3.02% while the net profit margin was 2.12%. The former decreased while the latter increased with respect to those of the prior year.
OC. The operating profit margin was 3.16% while the net profit margin was 2.21%. The former decreased while the latter increased with respect to those of the prior year.
OD. The operating profit margin was 3.19% while the net profit margin was 2.08%. The former decreased while the latter increased with respect to those of the prior year.
An integrated audit performed under the sarbanes-oxley act requires that auditors provide opinions on?
An integrated audit performed under the Sarbanes-Oxley Act requires that auditors provide opinions on financial statements and internal control.
An integrated audit tends to consider the relationship between financial and operational controls and also the information technology in establishing an effective and efficient internal control environment.
Since the Sarbanes-Oxley Act came into effect, management is thus responsible for maintaining, establishing, and reporting on an internal control structure, and here the auditors are required in order to assess the internal control structure.
Hence, the objective of an integrated audit is for the auditors to express an opinion on the company’s controls on financial reporting.
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Savvy sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. calculate the ending equity.
Ending Equity + Revenues - Expenses - Owner Withdrawals = Beginning Equity
Calculating Ending Equity is $72,000 + $90,000 - $65,000 - $9,000
ending equity of 88k
In finance, what does equity mean?
Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.
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One goal of low-cost programs aimed at improving the health of older people is to?
The objective of low-cost programs designed to improve the health of seniors is to address the issue that many seniors lack understanding of their own chronic health issues.
An important risk factor for functional impairment in older persons is the presence of many chronic conditions, commonly known as comorbidities or multi-morbidities. Functional impairment is the inability to carry out regular domestic tasks and chores or to participate in activities outside the home without interference. Many older persons experience an increasing number of complex health problems as they age, which negatively impact their ability to function on a day-to-day basis and their general quality of life. The prevalence of memory problems adds to these worries for some individuals and groups of older folks.
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Sully company sells 20,000 units at $12 per unit. variable costs are $9 per unit, and fixed costs are $25,000. determine the contribution margin ratio.
The contribution margin ratio is 25%. The number of units sold is 20,000 units. The selling price per unit is provided at $12 per unit. The variable cost per unit is provided at $9 per unit. The fixed costs are given at $25,000.
Sales of the company 20,000 × 12 = 240,000
The variable cost of the company is 20,000 × 9 = 180,000
Contribution margin will be 240,000 - 180,000 = 60,000
The contribution Margin ratio will be Contribution margin/ Sales ×100
60,000/240,000 ×100 = 25%.
The contribution margin is the sales amount that is not covered by the variable cost. So the contribution amount can be used to bring down the fixed costs of the company. The higher the contribution margin, the more efficient the company will be better in covering its overhead costs.
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True or false: the efficient markets hypothesis holds only if all investors are rational.
a. false
b. true
The statement, efficient markets hypothesis holds only if all investors are rational, is true.
The efficient markets hypothesis tends to explain the activity of investors as per available information, so thus all investors are considered rational. This hypothesis is an established theory of capital market, which is consider as hypothesis of investment.
So this hypothesis tends to suggests that investors are rational people who buy and sell stocks which are usually based on available information. So a truly efficient market eliminates the possibility of beating the market,
Thus, the efficient market hypothesis states that the share prices reflect all the information.
Hence. option B is correct.
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A loss of minimum essential coverage usually counts as a qulifying event that triggers what?
A loss of minimum essential coverage usually counts as a qualifying event that triggers a special enrollment period.
Events that meet the criteria for a special enrollment
voluntary loss of protectionRenewal of a single policy outside of the typical open enrollmentGetting a dependent or acquiring one?MarriageDivorce (in some state-run exchanges)becoming a citizen or authorized resident of the United Statesa change that lastsa mishap or issue with enrolmentEmployer-sponsored plan either stops delivering minimum value or becomes unaffordablea raise in income that enables you to exit the coverage gapA QSEHRA or Individual Coverage HRA can be accessed by anyone.A change in your income or circumstances that renders you now qualified (or not) for subsidies or CSRa number of unique situationsTo know more about " special enrollment ", visit : https://brainly.com/question/28144051
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Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as _____ planning.
Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.
What is planning?Planning can be described as the process of thinking which is been used in the preparation of activities that is required to achieve a desired goal.
It should be noted that Planning is based on foresight as well as the the fundamental capacity for mental time travel, hence Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.
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Molding and sanding each unit of product would most likely be classified as a ________ cost.
Molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
What do we mean by unit-level cost?A unit cost is a total cost incurred by a business to produce, store, and sell one unit of a specific product or service. The cost of goods sold is synonymous with unit costs (COGS). This accounting metric includes all fixed and variable costs associated with the manufacture of a product or service. Every time service or a product is provided, unit-level activities take place. Unit-level activities include the costs of direct materials, direct labor, and machine maintenance. Molding and sanding each unit of the product, for example, would almost certainly be classified as a unit-level cost.Therefore, molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
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The correct question is given below:
Molding and sanding each unit of the product would most likely be classified as a ________ cost.
(A) product-level
(B) unit-level
(C) batch-level
(D) facility-level
The cost to lay off an employee is what percent of the hiring cost for that level?
The cost to lay off an employee is what percent of the hiring cost for that level is 30-50 percent.
What is the cost of hiring?Finding the ideal employee can be expensive in and of itself. Business consultant Bill Bliss, president of Bliss & Associates Inc., claims that the hiring process alone might have a number of high potential expenses.
These include the time spent advertising the position, the time spent by an internal recruiter, the time spent by the recruiter's assistant reviewing resumes and carrying out other tasks related to recruitment, the time spent by the person conducting the interviews, the time spent on drug tests and background checks, and the cost of various pre-employment assessment tests. Even a $8/hour employee might wind up costing a business $3,500 in turnover expenses, both direct and indirect. Not every new hiring will require the same procedure.
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the general manager of a major league baseball team reasons that hiring an all-star-caliber third baseman would allow the team to win
According to the marginal productivity theory, the price of each production factor will be equal to its marginal productivity in a market with perfect competition. The industry establishes the factor's price. The quantity of a certain factor that the firm uses when the price is equal to its marginal productivity
Because it is inefficient to pay employees, a company that seeks to maximize profits would hire people up until the point where the marginal revenue product and the wage rate are equal.
According to their ability to produce, workers should be paid a certain amount, according to the marginal productivity theory.
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A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. which printer component is most likely causing this problem?
A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. It is the Pickup Rollers are the component likely causing this problem.
What are printer rollers and how do we keep them clean?The tiny, circular rubber components known as printer rollers assist in feeding paper through your printer. They may gather dust from the paper and ink smears from printing double-sided sheets over time. You must first identify the printer rollers in your printer before you can clean them. After that, you can either use a rubber-renewing product or clean them with water and a lint-free cloth. Most printer paper-feeding issues will be resolved as a result.
In order to keep the rollers working, keep cleaning them following the below directions:
Use water and a lint-free towel to clean the rollers. Dip your lint-free cloth into a cup of distilled water that has been poured into it. The material should be slightly wet, but not drenched. To get rid of any dirt or grime that has accumulated over time, wipe the damp cloth across the surface of the rollers. To thoroughly clean the entire surface area, make sure to fully rotate the rollers.
Before using your printer once more, be careful to properly dry the rollers.
Thus printer rollers are to be kept tidy.
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Classifying items on the balance sheet as current and noncurrent assists financial statement users in assessing what aspects about a company?
The classification of items on the balance sheet as current and noncurrent assists the financial statement users in assessing the solvency & liquidity a company.
What is a solvency & liquidity?A solvency means a firm ability to meet long-term debts and continue operating into the future while the liquidity means the firm ability to pay short-term bills and debts and a company's capability to sell assets quickly to raise cash.
Therefore, the classification of items on the balance sheet as current assets (such as inventory, debtors, cash, bank) and noncurrent (land, machinery, building etc) assists the financial statement users in assessing the solvency & liquidity a company.
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____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
Individual focuses on the productivity of the individual worker; the organizational approach focuses on the total organization.
Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity.
You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.
Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.
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Demand curves slope ____ because as the price increases and other things remain the same, the quantity demanded ____.
Demand curves slope downwards because as the price generally and actually increases and other things remain the same, the quantity demanded decreases.
What is a Demand Curve?The demand curve is a graphical portrayal of the connection between the cost of a decent or administration and the amount demanded for a given timeframe.
The demand curve will move descending from the left to the right, which communicates the law of demand as the cost of a given ware builds, the amount demanded diminishes, all else being equivalent. How much rising cost converts into falling demand is called demand versatility or value flexibility of demand.
Therefore Different elements can move the demand curve too, like an adjustment of buyers' inclinations.
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As sales grow, some of the added current asset requirement is provided by growth in inventory, which often results in what type of funds?
As sales grow, some of the added current asset requirement is provided by growth in inventory, which often results in spontaneous financing.
Spontaneous financing refers to the process of automatic source of short term funds which arise in the normal course of very short term course of business. Trade credit and different out standing expenses are examples of spontaneous financing.
It also refers to financing which arises out of regular and day-to-day operations. Spontaneous sources of financing include all those sources which are available upon demand or which arise naturally as a part of doing business.
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The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry. true/ false
It is true that the five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.
What Are Porter's Five Forces? Porter's Five Forces provides a framework for analyzing a company's competitive environment.Porter's Five Forces are a useful framework for assessing the competitive forces that affect a range of business industries.Michael E. Porter, a professor at Harvard Business School, developed it in 1979, and it has since developed into a crucial management tool.These factors include possible new market entrants, suppliers, customers, and replacement items that affect a company's profitability. These forces can be both many and powerful.The examination of the Five Forces can be utilized to direct business strategy and boost competitive advantage.Porter's five forces are:
Competition in the industry.Potential for new competitors to enter the marketInfluence of suppliersInfluence of consumersReplacement product riskTo know more about Porter’s five forces, visit:
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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.
Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.
In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.
Sharpen decision-making skillsIt's wiser to accept the riskForming more positive thoughtsHelp plan a better futureExamples of Opportunity Costs in Daily Life
For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.
The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.
When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.
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We will have seen the emergence of enormous global markets for standardized consumer products. do you agree with this statement?
Companies are attempting to tailor their products to the needs of the customer due to the rise in consumer awareness brought on by the internet and social media. In order to comprehend consumer purchasing patterns and trends and build the products accordingly, they have been investing in data analytics. Customers also get emails and updates about product recommendations.
But gradually, the tendency has shifted toward standardization of customization, where businesses work to personalize the items but it will result in an uniformity where many buyers will want to purchase the same thing.
The availability of products that were formerly exclusive to a particular market or country has increased due to globalization and international trade. Businesses that adhere to the global standardization idea see the globe as a cohesive whole rather than as a mashup of numerous cultures with disparate preferences. With variations in the product's parameters, such as pricing, promotion, etc., the fundamental concept of the product and the marketing stay the same.
Companies are attempting to offer goods with the best specifications so that they can be accepted globally. With regard to the marketing mix, the optimal balance should be a high percentage of globalization and a small amount of localization.
What is globalization?The term "globalization" refers to the increasing interdependence of the economies, cultures, and populations throughout the world as a result of technology, cross-border trade in goods and services, and flows of capital, labor, and information. Over many years, nations have developed economic alliances to support these movements. However, the phrase became more common after the Cold War in the early 1990s because of how these cooperative arrangements influenced contemporary daily life. With a primary focus on the United States, this guide utilizes the phrase more specifically to refer to international commerce and some investment flows among advanced economies.
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2. List FIVE different presentation methods that are now available to presenters and explain
how they are making presenting more interactive?
FIVE different presentation methods are now available to presenters.
A number of the exceptional presentation strategies, the primary ones are formal and formal. Their distinction is specifically in the fashion of your shipping and the information presentation methods. The formal presentation is pleasant desirable for the enterprise meetings or university degree, scientific displays.
Informative shows.Instructive presentations.Persuasive shows.Motivational displays.progress presentations.if speakme to presentation slides, keep away from cluttering them with a lot records that no person will read them. encompass the simplest key points on the slides and intersperse images in the course of your presentation to create a hobby and connect with your target audience's senses.
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