Data analysis is a process that combines both "hard" and "soft" skills, not one of them specifically. Procedural programming like Python are among the technical knowledge a data analyst has to possess.
What really is data analysis?In order to find relevant information, establish inferences, and help decision-making, data analysis is the act of looking at, purifying, manipulating, and modeling data.
What do data analysis skills entail?As just a data scientist, you can communicate you findings in an understandable manner by using graphs, charts, maps, as well as other visual visualizations of information. Learning visualization tools like Tableau is frequently necessary to advance your data visualization skills.
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Final Assessment Questions (32 of 45) SUBMIT Data analytics must be anchored in:
O The execution of strategy.
O The formulation of strategy.
O Strategic analysis.
O The entire strategic management process.21`
C The strategic analysis management process, according to the textbook, starts with strategy formulation.
Understanding strategy and performance is the first step in the strategic management process. strategic analysis management, as we've shown in this introductory chapter, encompasses a variety of conceptualizations of the idea of strategy taken from both contemporary and ancient history. It is both an art and a knowledge. A company implements a continuous culture of review as part of its strategic management process in order to outperform competitors. Despite how straightforward it may seem, this is a difficult procedure that also involves communicating the association's overall vision for existing and future products. The five styles of strategic management are direct, adaptable, illuminating, suggestive, and transcendent, listed in order of greatest simplicity to greatest complexity. There are five different styles of strategic management.
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What 3 questions help a society make economic decisions about how do you meet the needs of people?
Every civilization must respond to three economic problems throughout order to satisfy the demands of its people: What else should we produce? What shall we do to make it? Whom should we create it for?
Why are financial choices significant?More broadly, it is the research and application of decision-making in a world with constrained resources (scarcity). Making economic judgments is a daily necessity. Because of this, knowing how to think economically will help you be a better citizen.
Most economic choices are made in what ways?Instead of the government, buyers and sellers make the majority of economic decisions. A market economy that is competitive encourages resource management that is effective. It is an economy that self-corrects and self-regulates. Government does not need to have a big economic role.
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When the economy is at full employment, the main impact of an increase in total spending is?
Government expenditure growth stimulates the economy's overall demand and contributes to some real GDP growth.
Production will be at its peak, and the unemployment rate will be at its non-accelerating inflation rate (NAIRU). BLS bases its projections on the assumption of full employment in order to lessen the influence of cyclical fluctuations and focus instead on fundamental changes to the economy. According to Keynesian economics, more government spending enhances aggregate demand and consumption, which leads to increased production and a quicker recovery from recessions. As more people find employment, their discretionary money increases, driving up demand. Then, price inflation quickly follows. The converse is true when unemployment rises. With more jobs and higher pay creating more consumer spending and household income, firms have greater room to hike prices.
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your supplier is pushing you to use an order quantity of 20,000 units based on their own convenience and cost structure. compared to the total cost of inventory management based on an eoq of 8,000 units, accepting this order quantity of 20,000 units will result in the total cost of inventory management (keeping all other demand and inventory cost information unchanged) being: group of answer choices lower unchanged lower or higher, it depends higher
The optimal order amount a business should place in order to reduce its inventory costs, such as holding costs, shortage costs, and order charges, is known as the economic order quantity (EOQ). Inventory management, which is the control of the ordering, holding, and use of a company's inventory, is required to use EOQ.
How do you calculate order quantity?
Economic order quantity is a formula used by businesses to determine the ideal order amount in an effort to reduce the expenses associated with logistics, warehouse space, stockouts, and overstocks. The EOQ model's objective is to establish the ideal order quantity you ought to have.
EOQ calculations for your company provide a number of advantages that affect your bottom line. It's a terrific technique to understand how much merchandise must be bought to keep the expenses down and maintain an effective e-commerce supply chain.
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11-18 Special order, opportunity cost. In order to determine whether a special order should be accepted at full capacity, the sales price of the special order must be compared to the per unit:
a. Contribution margin of the special order.
b. Variable cost and contribution margin of the special order.
c. Variable cost and contribution margin of the next best alternative.
d. Variable cost of current production and the contribution margin of the next best alternative.
11-18 Special order, opportunity cost. In order to determine whether a special order should be accepted at full capacity, the sales price of the special order must be compared to the per unit option D . Variable cost of current production and the contribution margin of the next best alternative.
A sale price is a reduced price at which goods or services are sold. This price is usually offered for a limited time, usually to stimulate sales during a slow period or to clear out excess inventory. The contribution margin of a company, also known as the gross margin, is the money left over after paying all variable expenses associated with producing a product. Net income, or profit, is calculated by deducting fixed expenses such as rent, qualifying capital expenditure, and salaries from your marginal costing.
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What are 5 types of credit?
There are five forms of credit.
Trade Credit.Bank Credit.Revolving Credit.Open Credit.Installment Credit.What sort of credit is most common?Installment loans and revolving credit are the two most frequent types. Installment loans are sums of money that are loaned to you for a specific reason. Revolving credit is a line of credit that you can continue to use after you have paid it off.
What are the fundamentals of credit?Character, capacity, and collateral are commonly referred to as the three C's of credit. Character. How you handled debt in the past (whether you paid bills on time, paid off lenders early, carried a balance from month to month, and so on) tends to predict how you will handle it in the future.
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What does it mean when a company talks about being carbon M?
Achieving it would mean that carbon dioxide emissions had no discernible negative effects on the environment and could even contribute to lessen the effects of climate change.
Where does it mean when a company talks about being carbon neutral?Achieving it would mean that carbon dioxide emissions had no discernible negative effects on the environment and could even contribute to lessen the effects of climate change. A mechanism like this helps prevent things like rising sea levels, changing weather patterns, and increasing world average temperatures.When businesses quantify their carbon emissions and make up for what they have produced through carbon offset programs, they become carbon neutral. Along with avoiding them and reducing them, offsetting carbon emissions is a crucial step in comprehensive climate action.To learn more about carbon neutral refer,
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What is benefit of life insurance?
The many benefits of life insurance are: It is inexpensive. When you purchase a term plan when you are young, the premiums are relatively affordable. Knowing that your loved ones are safe will give you peace of mind.
Some more are given below:
Options for flexible benefit payout.The death benefit payment can be made to your family members by modern term insurance plans as either a lump sum or a monthly income. They can even choose a rising monthly payout, where the amount they get rises annually, keeping inflation in mind.The ability to expand coverage during important life stagesTax advantages from life insurance are another perk.Protection for families and individualsLearn more about life insurance are brainly.com/question/1400638
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What are the benefits to blockchain technology to supply chain operations List and explain three benefits?
There are following advantages of using this Blockchain technology:
Cost savings for developmentImproved logistics system effectivenessEfficiency and processing speed improvementsProduction process planningTask automationQuality Assurance and Quality ControlTime and money saved on administrative expensesShortened shipping and transit timesAffordable technologyError correctionDefending a brand against imitationCreation of user communities with self-management and shared normsIntegrity and dependability of shared dataTransparencyA better brand image by boosting consumer trustConsumer contentmentThe influence on reducing transit and shipment times is a good illustration of some of these benefits. Currently, a shipment of goods traveling internationally goes through 30 different inspections on average along the way, most of which still rely on manually verifying paper paperwork.
The shipment will be detained at the inspection site if one or more documents are missing, causing financial harm to the company. Blockchain technology can be used to streamline these processes and get rid of all these potential obstacles.
By tracking all motions and states that items go through in real-time and in an encrypted manner, without the potential of changing or fabricating this information, blockchain technology improves traceability and security in all transactions.
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In a regression and correlation analysis if r^2 = 1, then a. SSE must also be equal to one b. SSE must be negative C.SSE can be any positive value d. SSE must be equal to zero
In a regression and correlation analysis if r^2 = 1, then SSE must be equal to zero. Hence, option D is appropriate.
What is the meaning of Regression?A statistical method called regression links a dependent variable with one or more independent (explanatory) variables. A regression model can demonstrate whether changes in any or all of several explanatory variables are related to changes in the dependent variable.
Researchers can anticipate or explain variation inside one variable depending on another parameter using regression. To approximate the relationship between the dependent variable and one or even more independent variables, regression is a statistical method.
Hence, option D is correct.
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Which one of the following would not occur if the market price was above the market-clearing price? Consumers would bid up the price. Producers would want to produce and sell more than consumers would want to buy. There would be a surplus. Producers would begin to lower their prices to sell off excess inventory.
The follow-ing would not occur if the mark-et price was abo-ve the market-clearing price - Consumers would bid up the price.
What is the market clearing price?The market clearing price is the pri-ce at which the demand for a go-od by consumers is equal to the num-ber of goods that can be pro-duced at that price. At this price, the sup-ply and demand are exact-ly equal: there are no un-used goods waiting to be sold, and no buy-ers who are unable to buy.
If pric-es rise above the market clearing price, sup-pliers will have a surplus of un-sold goods, that can only be red-uced by lower-ing prices.
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An installment sale of a taxpayer's entire interest in a passive activity triggers recognition of the suspended losses.
a. true
b. false
An instalment sale of a taxpayer's entire interest in a passive activity triggers recognition of the suspended losses. - True
Revenue and costs are recorded when money is exchanged in instalment sales, which. is a type of revenue recognition. The buyer is obligated to make recurring payments under an instalment sale. This strategy is helpful for taxpayers who desire to postpone capital gains to later years.
It should be emphasized that most interest on deposit accounts like checking and savings accounts is taxed at the same federal tax rate as the money received as income. Therefore, it is also to be ascertained that the selling of an investor's complete interest in instalments may qualify as a passive activity that results in the recognition of suspended losses.
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WGU C213 Accounting for Decision Makers
lists a company's assets, liabilities, net ownership interest, and financial status at a particular point in time.
Net ownership interest is defined as the sum of the Initial Outstanding Balance of all receivables, plus any interest or financial situation that have accrued up to that point, less the total amount of Collections with respect to those receivables that have actually been received by the Purchaser or the Bank.
Net ownership interest is defined as, with respect to any Receivable, the sum of the Initial Outstanding Balance of all such Receivables, plus interest or finance charges accrued thereon to such time, less the total amount of Collections with respect to such Receivables actually received by the Purchaser or the Originator prior to such time, as such Net Ownership Interest may be adjusted in accordance with Section 2.05.
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QUESTION 9 The closing entry process consists of closing all asset and liability accounts. out the retained Earnings account all permanent accounts. all temporary accounts, QUESTION 10 The final closing entry to be journalized is typically the entry that closes the O revenue accounts Dividends account. Retained Earnings account expense accounts
The closing entry process consists of closing all asset and liability accounts all temporary accounts. The final closing entry to be journalized is typically the entry that closes the dividends account.
In order to move balances from a temporary account to a permanent account at the end of an accounting period, a closing entry is a journal entry that is made.
Temporary accounts—accounts that display balances throughout a single accounting period—have their balances reset to zero by businesses using closure entries. The business does this to convert these amounts into accounts that will remain on the balance sheet permanently. A company's historical financials are displayed in these permanent accounts. For closing entries, the income summary serves as a temporary account.
Accounts in the general ledger that are used to consolidate transactions across a single accounting period are known as temporary accounts. At the end of the fiscal year, the balances in these accounts are finally used to build the income statement. After the accounting period is through, all temporary accounts must be reset to zero. They are emptied into the income summary account to do this.
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the covariance between mun corporation's common stock returns and the return on the market portfolio is 0.0712. the standard deviation of the market is 0.5 and the standard deviation of mun is 0.2 what is the beta of mun corporation's common stock?
The beta of mun corporation's common stock is 0.7.
What do you mean by Beta?
Beta is basically a measure of a stock's volatility in relation to the overall market. It is calculated by dividing a stock's price movements by the market as a whole. Beta is used to measure the relative risk of an investment compared to the market. A beta of 1 means that the stock is as volatile as the overall market, while a beta of less than one indicates that the stock is less volatile than the market. A beta that is greater than one indicates that the stock is more volatile than the market.
Beta = Covariance / (Standard Deviation of Market * Standard Deviation of Stock)
Beta = 0.0712 / (0.5 * 0.2)
= 0.7
Hence, the beta is 0.7
What is Covariance?
Covariance is a measure of the degree to which two variables move together or vary together. It is used to understand how changes in one variable are associated with changes in another. This measure is widely used in finance, economics, and other areas of business to assess the risk associated with investments and other business decisions, as well as the relationship between two or more variables.
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What is the most common method used to finance the purchase of real estate?
Answer:
Explanation:
Most people take out mortgage loans to help pay for real estate purchases just as people take out other loans to pay for other expenses. However, a mortgage arrangement is much more complex and nuanced than more common forms of consumer borrowing, which are often unsecured loans.
1. A customer relationship management (CRM) system helps a company in managing _____?
a. material sourcing and procurement
B. product development and manufacturing
C. distribution and accounting
D. human resources and finance
2. With an online transaction processing (OLTP) system, each transaction is accumulated over a period of time and prepared for processing in a large batch of similar transactions?
a. True
b. False
3. In a manufacturing enterprise resource planning (ERP) system, demand management_____?
a. refines a production plan by determining the amount of weekly or daily production needed to meet the demand for individual products
b. determines the amount and timing for placing raw material orders with suppliers
c. creates sales forecasts based on historical data
D. determines detailed production schedule
4. Transaction processing systems (TPSS) provide valuable input to management information systems, decision support systems, and knowledge management systems?
a. False
b. True
The CRM helps in distribution and accounting, the answer is false, ERP refines a production by plan determining the amount of weekly or daily production needed to meet the demand for individual products and the answer is true for the 4th question.
What is CRM?In order to manage and analyzing consumer interactions and data across the customer lifecycle, businesses employ a combination of practices, strategies, and technologies known as customer relationship management (CRM).
The objective is to strengthen interactions with customers in order to promote client retention and increase sales.
1.
A customer relationship management (CRM) system helps a company in managing is distribution and accounting.
2.
The answer is False. Software that can capture, store, and process data from transactions is known as online transaction processing.
3.
An enterprise asset management (ERP) system for manufacturing is a type of business process software solutions that improves a capacity planning by figuring out how much production is required each week or day to satisfy demand for certain items. Hence, option A is correct.
4.
The answer is True.
By processing a company's commercial transactions and supplying crucial information to information management, decision support tools, and knowledge management, accounting software (TPS) assist an enterprise's operations.
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Olivia used her past health history and information about her doctor visits to create this table to compare health costs with and without insurance. Description of service probability of needing the service cost with insurance plan cost without insurance plan annual premium 100% $1,580 $0 three doctor visits 32% $75 $1,050 medication 45% $72 $225 what is the expected value of each option? the expected value of health care without insurance is $. The expected value of health care with insurance is $.
Without insurance, the projected cost of medical care is $437.25.
With insurance, the projected cost of medical care is $1,636.40.
What are the anticipated results?
By dividing the linked expenses by the corresponding probabilities, one may get the predicted values.
Without insurance, the projected cost of medical care is equal to (1 x 0) + (0.32 x 1050) + (0.45 x $225) = $437.25.
The projected cost of medical care with insurance is $1,636.40 (1 x 1580 + 0.32 x 75 + 0.45 x $72).
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Max is taking out a 5. 1% loan in order to purchase a $17,000 car. The length of the loan is five years. How much will he pay in interest?.
Max will pay $4,335 as the interest.
To calculate Max interest, we simply use the simple interest formula;
Simple interest = P × R ×T / 100
where p= principal
R = Rate
T= time (in years)
Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest. For example, when a person takes a loan of Rs. 5000, at a rate of 10 p.a. for two years, the person's interest for two years will be S.I. on the borrowed money.
here,
principal = 17, 000 Rate = 5. 1 and the time= 5
Simple interest =P × R ×T / 100
= 17000 × 5. 1 ×5 / 100
simple interest = 170 × 5. 1 × 5
=$4,335
Therefore the pay in interest is $4,335
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Changing a customer's credit limit would be recorded where?
O Customer master file.
O Customer transaction file.
O Special journal.
O Customer update file
A change in the credit limit of a customer would be recorded in the customer master file.
A customer master file is defined as a database of customer's personal and financial information that is stored and maintained in a database and is unique for each and every customer of any business sector, primarily in the banking and financial institution. A customer master file contains information such as contact details, name, address, date of birth, as well as financial data such as a credit limit; while a credit limit is defined as a maximum amount of credit or loan that can be loaned to a customer in a line of credit, or a maximum amount of money that can be spent on a credit card.
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The best approach to successfully implementing an ERP system is: Multiple Choice
O Install software throughout the organization and then switch from the old system
O Merge with a company that already has an effective ERP system
O Create ERP software that is customized for your company's supply chain
O Pilot the program on a small scale and then transfer throughout the organization
The best approach to successfully implementing an ERP system is pilot the program on a small scale and then transfer throughout the organization. Thus option (D) is correct.
What is an organization?
An organization refers to a collection of people, who are involved and work together in pursuing or achieving a defined objectives.
It is a type of social system which comprises human relationships in a forma manner. In organization there is division of work among employees and the tasks are given so that the ultimate goal of the company or an organization can be achieved.
An organization has a proper hierarchy of people and follow a proper formal structure to achieve the goals of the organization.
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What key value does Accenture's myConcerto bring clients looking Forautomated solutions?
Accenture has introduced Accenture myConcerto, an insight-driven, integrated platform that helps organizations boost their ability to innovate, amplify business results and accelerate their journey to becoming intelligent enterprises.
Accenture plc, an Irish-American expert offerings company with headquarters in Dublin, specializes in imparting IT offerings and consulting. It became protected at the Fortune Global 500 and generated $61.6 billion in sales in 2022. Ninety one of the Fortune Global a hundred and greater than seventy five percentage of the Fortune Global 500 are amongst Accenture's modern-day clients.
According to employees count, Accenture is seemed as the most important consulting company withinside the global as of 2022. Julie Sweet has been Accenture's CEO on the grounds that September 1, 2019. Since 2009, it's been integrated in Dublin, Ireland.
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How do you identify opportunity cost?
Opportunity fee is calculated by means of applying the following formula: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.
Why is it essential to identify chance costs?The thinking of chance cost is used in decision-making to help humans and organizations make better choices, principally through thinking about the alternatives. Opportunity prices contain the price and advantage of each choice, which can at times be difficult to estimate. Opportunity charges are forward-looking.
Opportunity value is an superb tool that helps calculate the benefits and downsides to every of these choices by means of assigning a price to each options. By appreciation the authentic economic fee of every outcome, all of us can make greater logical and advisable decisions.
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A financial arrangement between a lender and a borrower that allows the latter to access credit repeatedly up to a certain maximum limit is known as open credit.
What is open credit?An open credit is a business contract between a lender and a borrower that permits the latter to access credit on a regular basis up to a predetermined maximum limit.
Because it is a revolving fund, once the borrower begins making payments to the account, the money becomes available for withdrawal again.
Therefore, open credit is an agreement that allows the borrower to use a set amount of credit over a set period of time.
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Restatements of law can best be described as _________Multiple choiceA. laws that are restated according to what each state believes the law should be.B. summaries of common law rules in a particular area of the law that have been enacted by most states.C. restatements of classical cases that are still used today.D. laws that are followed at the federal level and forced on the states to follow.E. summaries of new statutes that are implemented by states each year.
Restatements of law can best be described as summaries of common law rules in a particular area of the law that have been enacted by most states. The correct option is (B).
What do you mean by the Restatements of law?A legal treatise from the second series of the Restatements of the Law, The Restatement (Second) of the Law of Contracts aims to educate judges and attorneys on the fundamental concepts of contract common law.
It is one of the most well-known and frequently quoted legal treatises in the entire body of American law.
They are supplemental legal works that the American Law Institute (ALI) has created and published to explain the law.
Reiterations are auxiliary sources with strong persuasive power. They aim to "restate" into a set of principles the legal rules that make up the common law in a particular field of law.
Therefore, Restatements of law can best be described as summaries of common law rules in a particular area of the law that have been enacted by most states.
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Which statement about Power Pivot is true? Power Pivot can work with data that exceeds Excel's one million row limit. Relationships are never required when using multiple tables. Formulas in Power Pivot work on a cell by cell basis. Power Pivot is used mainly for data transformations.
The statement about the Power Pivot which is true is that, Power Pivot can work with data that exceeds Excel's one million row limit, and Power Pivot is used mainly for data transformations.
Power Pivot is seen as an Excel add-in wherein you can perform certain powerful data analysis and also create sophisticated data models. Power Pivot is considered to be as the data analysis tool which can handle many million rows of data.
However, the Power Pivot uses the data stored in the Data Model of Excel. So, this lets you import and also manipulate hundreds of millions of rows of data while also performing data transformations.
Hence, options A and D are correct.
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a. The Coase theorem requires that: government is active and markets are competitive. government is active and transaction costs are low property rights are well defined and markets are competitive. Oproperty rights are well defined and transaction costs are low. b. Under the Coase theorem, resources will allocate toward their highest-valued use: based on who has the most resources if the households (or others affected) own the property rights. if the polluter owns the property rights regardless of who owns the property rights.
The coase theorem requires that, property rights are well defined and transaction costs are low. Under the Coase theorem, resources will allocate toward their highest-valued use regardless of who owns the property rights.
What is the Coase theorem about?The Coase theorem states that when property rights are well-defined and transaction costs are low, resources will allocate towards their highest-valued use, regardless of who owns the property rights. In other words, if property rights are well-defined and transaction costs are low, the allocation of resources will be efficient, regardless of whether the government is active or markets are competitive.
According to the Coase theorem, the allocation of resources will be efficient and will go towards their highest-valued use, regardless of who owns the property rights, as long as property rights are well-defined and transaction costs are low.
Hence, this means that resources will be allocated towards their highest-valued use, whether it is the polluter or the households (or others affected) who own the property rights.
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The deadline for filing a charge of unfair labor practices with the nlrb is _____ after the incident occurred.
The deadline for filing a charge of unfair labor practices with the nlrb 6 after the incident occurred.
A union or employer who breaches the National Labor Relations Act is engaging in an unfair labor practice (NLRA). A comprehensive list of employer activities that the National Labor Relations Board (NLRB) believes will unreasonably interfere with a specific employee's labor rights has been established.
The NLRB's staff members can help people submit complaints, but they are not permitted to do so on their own. According to the Act, "any person" (aside from a Board employee) may submit a charge to the NLRB.
Within six months of the events that form the foundation of the charge, such charges must be filed and served.
In some circumstances, such as when the party dishonestly hides its legal infractions, this period may be extended.
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How did NAFTA affect the economy?
Since the passage of NAFTA, Mexico's economic growth has stayed consistent between 1.2 and 2.5 percent, well below the significant rise NAFTA was intended to provide.
Which economic effects did NAFTA have?Key Learnings. In order to increase commerce, remove obstacles, and lower taxes on imports and exports between Canada, the United States, and Mexico, NAFTA came into effect in 1994. The Trump administration claims that NAFTA has caused trade deficits, industry closings, and job losses for the United States.
NAFTA: Did it boost the economy?Most economists concur that NAFTA helped the economy of North America. Over the first two decades of the pact, regional trade grew significantly, from around $290 billion in 1993 to more than $1.1 trillion in 2016.
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stephanie stops at a gas station to refuel her car. the gallons of gasoline in her tank are best described as: a natural resources. b public goods. c private goods. d common resources. e artificially scarce goods.
Stephanie stops at a gas station to fill up the tank of her car. The gallons of unleaded gasoline in her tank are best described as private goods.
What is private goods?A private good is a product or service produced by a privately owned business that is purchased to increase the buyer's utility or satisfaction. The majority of goods and services consumed in a market economy are private goods, and their prices are determined to some extent by supply and demand market forces. Pure private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person’s consumption of a product reduces the amount available for consumption by another. In practice, private goods exist on a spectrum of excludability and rivalry, with some exhibiting only one of these characteristics.
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