Recognizing seven ITIL guidelines accounts for almost 50 of the ITIL 4 foundation exam.
What is ITIL?The Information Technology Infrastructure Library is a collection of specific procedures for IT tasks including IT asset and service management that put the needs of businesses first.The Central Computer and Telecommunications Agency (CCTA) of the British government first adopted the acronym in the 1980s when it printed and disseminated dozens of best practices in IT service management.ITIL certificates show that you are knowledgeable about the best practices for service management and have a working knowledge of the procedures, jargon, and techniques used in contemporary IT. Professionals with ITIL certification are in high demand since they have the abilities to expand and change the business.Learn more about IITL here:
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A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is?
The slope of the demand curve displaying the relationship between the price of cars and the quantity demanded will be negative.
Generally, the demand curve slopes downwards and goes below 0 as it shows that as the price increases the demand for the product will fall. As the prices decrease the demand for the product will increase. This shows that there is an inverse relationship between the price of the cars and the quantity demand of the cars.
A demand curve is a graph that helps to show the relationship between the quantity demand of a particular product and the price of that product. The demand curve can be used to show the relationship for a particular individual. The demand curve can also be used to show the demand for the entire industry.
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True or false: when the price of one product rises, the demand for its substitute will increase.
True - The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply.
The selection is appropriate since alternative commodities are defined as goods that provide a similar purpose for a consumer. Since they provide a comparable level of enjoyment to consumers, substitute goods can be used in place of one another. As a result, as the cost of a substitute good increases, demand for the other commodity also increases. As a result, the price of the other good rises as a result of the increased demand for it. This is due to the fact that as a good's price increases, consumers tend to make fewer demands of it rather than switching to a different one. As a result of the interaction between price and overall quantity of commodities, it reflects the increasing slope of the demand curve.
The law of demand states that demand for an item or resource will go down as its price goes up and up as its price goes up.
On the other side, lower prices tend to enhance an economic good's supply while higher prices tend to decrease it, according to the law of supply. A visual illustration of the market-clearing price is the point where the supply and demand curves connect, balancing supply and demand. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.
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In order for managers to determine the resources needed to achieve their objectives, a(n)?
A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO).
Having an effective control system aids in achieving goals. Planning, organizing, leading, and controlling are the four primary management activities that have replaced and replaced Fayol's functions over time.
In contrast, managers work to apply procedures like organizational structuring and budgeting in order to attain organizational goals. Managers must make judgments to employ resources economically and effectively in order to meet market goals and objectives.
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The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called:_________
The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called Insuring agreement
What do you mean by Insuring Agreement?
The "Insuring Agreement" of the insurance policy outlines the insurer's obligation to make payments to the insured or on their behalf. The insuring agreement is typically included in the coverage form from which a policy is derived. Insurance policies frequently offer a wide range of protection, which is then limited by exclusions and limitations.
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The government enforces property rights by? a. requiring property owners to pay property taxes. b. providing police and courts. c. forcing people to own propert
The government enforces property rights by
B) Providing police and courts
Who enforces property rights? The court system enforces contracts efficiently and quickly. The justice system punishes those who unlawfully confiscate private property. There is no corruption or expropriation.The property rights component is an assessment of the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws.The Constitution protects property rights through the Fifth and Fourteenth Amendments' Due Process Clauses and, more directly, through the Fifth Amendment's Takings Clause: “nor shall private property be taken for public use without just compensation.To learn more about Property rights, refer
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In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.
A company's cash account contains total debit entries totaling $27,500 and total credit entries totaling $24,900 in its first month of operations. The cash account has a debit balance of $2,600 at the end of the month.
All of a company's accounts are initially balance-free. During the first month of operation, this company has debit entries for cash totaling $27,500 and credits totaling $24,900 in its cash account. Cash balances in asset accounts rise when debits are made, while credits fall when credits are made. At the conclusion of the period, the cash account will have a $2,600 debit balance (i.e., $27,500 dr. $24,900 cr. = $2,600 dr.; an account has a debit balance when its debits exceed its credits).Any securities transactions involving a cash account with a brokerage firm must be paid for in full using funds in the account at the time of the settlement.
The complete question is :
In its first month of operations, a company's cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a
a. $2,600 debit balance
b. $2,600 credit balance
c. $$27,500 debit balance
d. $52,400 debit balance
e. $0 balance
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Samantha deposits $1,500, into the park street bank. the account pays 4.12 nnual interest, compounded daily. to the nearest cent, how much is in the account at the end of three non-leap years?
The correct answer is $1,551.255.
The below-mentioned formula may be used to determine the amount.
A = p x ( 1 + r) ^n
Where A = Amount
p = Principal
r = Rate
Explanation:P= $1500
r=1.12% or 0.0112 per year.
Daily interest rate = 0.0112/365
n = 365 days x 3 = 1095
A = 1500 x( 1 + 0.0112/365)^1095
A = $1500 x ( 1.00003068493)^1095
A = $1500 x 1.034170
A = $1,551.255
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Only costs that would disappear over time if a segment disappeared should be treated as:________
Answer:traceable
Explanation:
If the volume of sales were to remain at 60,000 units, what price increase would be required to attain the 6 percent increase in profits? calculate the new price.
The new price is $44.966486
What is meant by Break-even point?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even." Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even." The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
Giving the following information:
The company sells 74,000 units for $40 per unit.
The variable production costs are $17.
Fixed costs amount to $840,000.
Of the $17 variable costs, 50 percent are from labor and 25 percent are from materials.
Inflation:
Unit labor costs to rise by 15 percent
Unit materials costs to rise by 10 percent.
Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase by more than 10 percent.
It is also expected that fixed costs will rise by 10 percent.
New prices:
Direct materials= ($17*0.25)*1.10= $4.675
Direct labor= ($17*0.50)*1.15= $9.775
Manufacturing overhead= (17*0.25)*1.20= $5.1
Total variable cost= $19.55
Total fixed cost= 840000*1.10= $924,000
New sales price= 40*1.10= $44
1) Net profit before inflation:
Sales= 74000*40=$2,960,000
Variable costs= 17*74000= $1,258,000
Contribution margin= $1,702,000
Fixed costs= 840,000
Net profit= $862,000
Now, we have to maintain the level of profit with the new prices
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+862000)/(44-19.55)
Break-even point= 73047 units
Sales= 73047*44= $3,214,068
2) Now, profit must increase by 11%.
net profit= 862000*1.11=$956820
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+956820)/(44-19.55)
Break-even point= 76925.15units
Sales= $3,384,706.6
3)Now, Q=74000
net profit= 862000*1.11=$956820
Break-even point= (fixed costs+profit)/(contribution margin)
Break-even point= (924000+956820)/(P-19.55)
74000=(924000+956820)/(P-19.55)
74000P- 1446700= 1880820
P=(1880820+1446700)/74000
P=$44.966486
The complete question is,
Argentina Partners is concerned about the possible effects of inflation on its operations. Presently, the company sells 74,000 units for $40 per unit. The variable production costs are $17, and fixed costs amount to $840,000. Production engineers have advised management that they expect unit labor costs to rise by 15 percent and unit materials costs to rise by 10 percent in the coming year. Of the $17 variable costs, 50 percent are from labor and 25 percent are from materials. Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase more than 10 percent. It is also expected that fixed costs will rise by 10 percent as a result of increased taxes and other miscellaneous fixed charges. The company wishes to maintain the same level of profit in real dollar terms. It is expected that to accomplish this objective, profits must increase by 11 percent during the year. Required:
a. Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.
b. Compute the volume of sales and the dollar sales level necessary to provide the 11 percent increase in profits, assuming that the maximum price increase is implemented.
c. If the volume of sales were to remain at 74,000 units, what price increase would be required to attain the 11 percent increase in profits? Calculate the new price.
The opportunity cost of producing a tub of ice cream is ______________ at point a than at point b. the opportunity cost of producing a pound of butter is ______________ at point b than at point a.
The opportunity cost of producing a tub of ice cream is greater at point a than at point
b. the opportunity cost of producing a pound of butter is less at point b than at point a.
What is the opportunity cost?The production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibilities frontiers is concave to the origin. This as a result of opportunity cost involved in the production of goods and services. As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
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What is the population variance of the relative letter frequencies in english text?
According to the dictionary provided, the population variation of the relative letter frequencies in English text is 0.001040566774, or zero. You may anticipate that each letter will appear the same number of times as every other letter in the alphabet because the text is incredibly long and random.
What is population variance?The variation in population data is measured by population variance. Population variance, which describes how data points are distributed within a population, can therefore be defined as the average of the squares of the distances from each data point in a given population to the mean.
32 is obtained by multiplying the square of the deviations of each data point from the mean. This value is divided by the total number of observations (3) to get 10.67.
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Entrepreneurs who have the ability to effectively confront demands or stressors, and thus improve entrepreneurial performance, tend to have ______.'
Any entrepreneurs that have the ability to effectively confront demands or stressors, and thus improve entrepreneurial performance, tend to have an entrepreneurial self-efficacy.
Who is an entrepreneurs?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea usually entails a new product or service rather than an existing business model.
When an entrepreneur have a self-efficacy, it means he/she belief in his or her capacity to execute behaviors necessary to produce specific performance attainments.
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Esecutive organizatiolan and clerical costs associated wit hthe general management of an organization are ___ costs
Esecutive organizatiolan and clerical costs associated wit hthe general management of an organization are Administrative Costs
What do you mean by Administrative Costs?
Administrative expenditures, defined as the cost of administering business directions, are a significant expenditure. Costs come in two flavours: direct and indirect. While direct expenses are incurred during direct firm operations (such as sales or distribution), indirect costs supplement this. These indirect costs, which include administrative expenditures, allow people directly involved in company operations to fulfil their responsibilities instead of being distracted by other tasks. An example demonstrates this: rather than recording each marketing expense in a firm accounting system, the marketing department spends its budget and saves invoices. The accounting department, which accounts for the firm's finances as part of the total administrative expenditures, then compares these bills to corporate accounts.
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Other things equal, a firm will have to pay a higher coupon rate on its subordinated debentures than on its second mortgage bonds. true false
The statement "Other things equal, a firm will have to pay a higher coupon rate on its subordinated debentures than on its second mortgage bonds." is True
This is further explained below.
What is a Mortgage?Generally, MBS stands for mortgage-backed securities, which are bonds that are backed by mortgages and other types of real estate loans.
They are produced when a number of these loans, which often have qualities that are comparable to one another, are pooled together.
A company that operates for the purpose of making a profit and is often structured as a partnership in order to carry out the provision of professional services, such as legal or accounting work, is referred to as a firm.
The maximization of profits is the overarching goal of the business, according to the theory of the firm.
In conclusion, It is correct to say that, "all things being equal, a company will be required to pay a greater coupon rate on its subordinated debentures than on its second mortgage bonds."
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Ononliscnensed preparers are best for straight forward returns because they are trained only in tax preparation and are usually less expensive they would be:_______
Ononliscnensed preparers are best for straightforward returns because they are trained only in tax preparation and are usually less expensive than they would be A national or local tax service firm.
A tax is a mandatory fee or financial burden that a government imposes on an individual or organization to collect revenues for public works that provide the best facilities and infrastructure. The funds raised will be used to fund various public spending programs. A tax return is a document filed with tax that contains income, expenses, and other relevant financial information. When filing taxes, taxpayers calculate their tax due, plan their taxes, and claim a refund of overpaid taxes. In most cases, tax returns must be filed annually.
The tax rate is applied to taxable income – adjusted gross income less standard or permissible itemized deductions. Therefore, income up to the standard deduction (or personal deduction) is taxed at a zero rate. Federal income tax rates are progressive. As your taxable income increases, you will be taxed at a higher rate.
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Liability without fault is referred to as: _________
a. censored liability.
b. negligence.
c. strict liability.
d. products liability.
Liability without fault is referred to as: strict liability. Strict liability is defined as liability that is present regardless of fault. In circumstances involving strict liability, this means that the defendant is responsible even if he did not intend to hurt the plaintiff and did not bring about the incident via carelessness or negligence.
The Rule of Strict Liability, often called The Rule of No-Fault Liability, states that a person may be liable even though they are not at fault.
Although the person in this scenario may not have committed any damaging or careless acts and may even have made some constructive attempts, the rule nonetheless entitles him to compensation.
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A sales agent, employed by the sponsor's first-tier, downstream, or related entity (fdr), submitted an application for:________
A sales agent, employed by the sponsor's first-tier, downstream, or related entity (FDR), submitted an application for Processing.
A sales representative employed by the sponsor's first class, affiliate or related entity (FDR) filed a request for processing and requested two things:
backdate the registration date by one month, waive all monthly premiums for the beneficiary.First Tier, Downstream, and Related Entities (FDRs) are defined by CMS as any party that enters into a written agreement with a Medicare Advantage organization or Part D plan sponsor to provide administrative or health care-related services. As a healthcare provider, this means that your vendors may be considered FDRs, and as a Medicare Advantage participant, you may be responsible for monitoring and auditing their compliance with CMS standards. Examples of First Tier, Downstream and Related Entities (FDRs): Doctors HOSPITAL Pharmacies Other Providers Claims processing vendors Patient Care Vendors Trust companies Field marketing organization Call Centers.
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A(n) ________ industry is an industry that is experiencing significant international sales
A(n) global industry is an industry that is experiencing significant international sales. A business that has expanded its operations internationally and experiences sizable foreign sales is said to be in the global industry. Because it offers goods and services to all countries, the automobile business is international.
The automotive sector comprises a wide range of activities, including design, development, production, and marketing. The automobile industry includes a wide range of businesses worldwide.
Industry globalization occurs when a large number of an industry's businesses go global in some way. This implies that they can attract suppliers' expertise and clients' interest in other nations. An emerging industry is one that has a lot of businesses that are roughly the same size.
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One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the.
The venture capital firm is one financial intermediary in our financial system that aids in lowering the moral hazard that results from the principal-agent problem.
A conflict of interests between a person or group and the agent appointed to act on their behalf is known as the principal-agent problem. It is possible for an agent to take actions that are not in the principal's best interests.
As varied as the principle and agent tasks are, so too is the principal-agent problem. It can happen in any circumstance where the principal or owner of an asset transfers direct control of the asset to a third party or agent.
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__ are products that have low immediate appeal but may benefit consumers in the long run.
Salutary products are products that have low immediate appeal but may benefit consumers in the long run.
What is Long Run?There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.
A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.
In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.
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If ramen noodles are an inferior good, then an increase in income will lead to a:________
If ramen noodles are an inferior good, then an increase in income will lead to an increase in the demand for Ramen Noodles.
What are inferior goods?The demand for a class of goods known as inferior goods decreases as consumer income increases. When a nation's economy expands, so does the income of its people, which leads them to abandon the cheaper brands they previously bought in favor of more expensive ones.
The rise in household income has a significant impact on consumers' purchasing decisions, which in turn affects the sales of particular goods. As a result of their declining demand, these commodities become less appealing and of worse quality. In times of recession, economic contraction, or lower income, these commodities show negative price elasticity but end up being more accessible and in demand than pricey ones.
Therefore, it is the inferior goods whose demand decreases with an increase in income.
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In the product markets of the circular flow model, households provide __________ to the business sector in exchange for goods and services.
In the product markets of the circular flow model, households provide Consumption Spending (or Revenues) to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
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Prof. business will have $1,600,000 saved up by retirement at age 65. the retired professor expects to live 20 more years after retiring. how large of an annual annuity withdrawal can prof. finance make at the beginning of each year under this scenario from an account paying 6. 5% compounded annually? round your answer to the nearest dollar.
Answer:
$136348.618
Explanation:
If actual sales are $1,500,000 in the current year, what would be the forecasted sales for lockit in the coming year?
If actual sales are $1,500,000 in the current year, the forecasted sales for the lock it in the coming year.
The objective is to write equation 2 in the form Y = a + bx .
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $1,000,000
Assume that the variable rate per unit is given by b = 0.00001
The total number of variables is x.
Hence, equation 2 can be written as,
Y = $1,000,000+ 0.00001x
The objective is to write equation 4 in the form Y = a + bx.
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $600,000
Assume that the variable rate per unit is b.
Let locker net income is x₁,1 forecasted U.S. gross domestic product is x, and the Actual U.S.
gross domestic product is x3
Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results. Forecasting is a similar but more general term.
Forecasting is the process of projecting past sales demand into the future. By implementing a forecasting system, you can quickly assess current market trends and sales and make informed operational decisions. You can use forecasts to make planning decisions regarding: A sales forecast is a representation of an expected sales amount. A sales forecast estimates the amount a company plans to sell within a specific period of time (such as a quarter or a year). The best sales forecasts do this with a high degree of accuracy.
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One of the most important ways that erps benefit organizations and their business processes is?
One of the most important ways that ERPs benefit organizations and their business processes is: Current information is made available to all users involved in the activities and decisions associated with a company's business processes.
Business processes are the ways within which organizations coordinate and organize work activities, information, and knowledge to provide their valuable products or services. It enforces best practices through the business processes embedded within the software.
The importance of business processes can not be overstated. Optimizing business processes can facilitate your avoid mistakes and delays, improving cost-effectiveness, productivity, supplier relationships, and customer satisfaction.
There are Three Broad kinds of Business Processes. Every business is different, and also the categories into which business processes fall will depend upon what your business does. a selected form of task may well be a support process in one business and a core process in another.
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Auditing ______ indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing ______ is to do a physical count of inventory items.
Auditing standards indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing procedure is to do a physical count of inventory items.
What is auditing?
"Independent examination of financial information of any entity, whether profit-oriented or not, irrespective of its size or legal form when such examination is performed with a view to offer an opinion thereon" is what is meant by an audit.
A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions. It's done to make sure the organization's financial accounts are accurate.
Therefore,
Auditing standards indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing procedure is to do a physical count of inventory items.
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Patent infringement occurs in one of two ways: _______ or _______.
Patent infringement occurs in one of two ways Literal Infringement or Non- Literal Infringement.
The expression Literal Infringement implies that every component presented in a case has an indistinguishable correspondence in the supposedly encroaching gadget or cycle.
Non-Literal Infringement happens while the encroaching gadget or process might be comparable or identical to the asserted creation and carries out considerably a similar role, in significantly the same way and to accomplish significantly a similar outcome.
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Profitability measures such as return on assets (roa) and return on equity (roe) are ___ rates of return.
Profitability measures such as return on assets (roa) and return on equity (roe) are accounting rates of return.
What is the ROA and ROE?Profitability ratios measure the ability of a firm to generate profits from its asset. Examples of profitability ratio are return on equity, return on assets, gross profit margin, return on invested capital and return on capital employed.
Return on equity calculates the efficiency with which a firm generates returns to its shareholders. The higher the return on equity is, the more efficient it is for the firm to generate income for its shareholders. Return on equity is the ratio of net income to total equity.
Return on equity = net income / average total equity
The return on asset is used to determine how much profit a firm can generate from its assets. Return on asset is net income divided by total assets. It is an example of a profitability ratio. The higher the return on assets, the more efficient it is in generating income from its assets.
Return on total assets = Net income / average total assets
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I read a review for an exciting new japanese restaurant that's opening downtown this saturday. Every friday, she closes the store after she arranged the mannequins in the window to display the new merchandise
Both sentences have grammatical errors.
Grammatical errors refer to mistakes carried out in the subject-verb agreement, tense, preposition, conjunctions, sentence construction, and so on.
In sentence 1, we have a preposition error and a tense error. 'For' should be replaced by 'of.' 'Opening' will be changed to 'opened' since the review can only be written after the opening of the restaurant. Thus, the restaurant opening must have already happened. Thus, past tense should be used.
In the second sentence, the tense is wrong. A daily action has been mentioned. Thus, simple present tense should be used. 'Arranged' should be replaced with 'arrange.' Since the subject is singular, we will take the word 'arranges.'
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The complete question is given below:
Which sentence has a grammatical or spelling error?
1. I read a review for an exciting new Japanese restaurant that's opening downtown this Saturday.
2. Every Friday, she closes the store after she arranged the mannequins in the window to display the new merchandise.
3. Both are correct
Implementing the strategy is often overlooked by senior managers especially in large organizations. What level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals?.
Implementing the strategy is often overlooked by senior managers especially in large organizations. functional manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals.
What is a functional manager?
The functional manager is the individual with management authority within a business unit or department who has direct supervision over one or more team members and/or direct responsibility for the functions impacted by the project/program deliverable (s). At the management level, functional managers hold positions that are intermediate. They connect upper-level managers with lower-level managers, such as supervisors and foremen, in the chain of command. The general manager holds a more senior position in contrast. They could be in charge of numerous divisions, including marketing and operations.
Therefore,
Implementing the strategy is often overlooked by senior managers especially in large organizations. functional manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals.
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