As a(n) , it‘s up to you to make choices about what you buy and use.

Answers

Answer 1

As a consumer, it‘s up to you to make choices about what you buy and use.

What are consumers?

Generally, A consumer is a person or group that uses a product or service. In economic terms, a consumer is someone who buys goods and services for personal use.

Consumer demand drives the economy, as businesses aim to produce and sell products that consumers want to buy.

Consumers also play a role in shaping the market by making purchasing decisions based on factors such as price, quality, and brand.

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CQ

As a(n)_____ , it‘s up to you to make choices about what you buy and use.


Related Questions

Hunter i nine year younger than rachel. In ten year hunter will be two-fifth of rachel' age. How old i rachel right now math problem

Answers

Rachel is a 26-year-old flight instructor from Clermont, Florida, near Orlando.

“what is 2/5 of 10?”

As a number is 4.

26-9= Hunter age

17 is hunter age

Rachel and Rod were married from 1990 until 2006. In her caption she said she had been apart from her kids. ’18 months it’s been. I know so many out there are still missing this moment reconnection with family,’ said Hunter.Rachel confessed in the After the Final Rose special that she had called it quits with her fiancé, Tino Franco. The pair got engaged in Mexico, but the relationship didn’t last. And I mean brief. It ended practically before their love tale was even shown on television. Rachel proposed to Tino on season 19 of The Bachelorette, which she co-hosted with Gabby Windey. However, the two separated up after he kissed another lady, and their breakup was shown in After the Final Rose.

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What are the 3 things to consider when opening a checking account?.

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The 3 things to consider when opening a checking account are Insurance, Minimum deposit requirements and Fees.

Insurance:

It's important to be sure the bank or credit union where you open an account offers insurance from the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA).

Minimum deposit requirements:

Many checking accounts have minimum balance requirements that must be met in order to avoid fees. You could be charged a monthly maintenance fee of up to $15 if you don't maintain the required balance.

Fees:

Checking accounts require various fees to access your money, like the majority of financial products. Overdraft, non-sufficient (NSF), monthly service/maintenance, and ATM fees are a few examples of popular charges. Repeat fees are expensive because they can cost anywhere from a few dollars to $35 per instance.

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for each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. if it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. three sample answers are provided for illustration.

Answers

Variable costs are those impacted by the production of units. A fixed cost is one that stays the same regardless of quantity units are made. Selling expenses are those incurred when finished items are sold and stored.

Cost of administration

The cost is tied to office space and is an administrative expense that is unaffected by the number of units produced. Manufacturing costs are those incurred while turning raw materials into finished items, and they vary depending on the number of units produced.

The cost of manufacturing is either directly impacted by the number of units produced or indirectly impacted by the number of units produced.

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a proof of the equality of debits and credits in a general ledger.

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Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.

To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.

Where do debits equal credits?

For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.

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what is letter head paper

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Answer:

A letterhead, by definition, is a heading on the topmost sheet of your business paper. It carries your company name, address, contact details, and logo. It is meant to be used for all the documents and letters you create and send in your business. Letterheads are important because of their wide range of uses.

Answer:

A letterhead, by definition, is a heading on the topmost sheet of your business paper. It carries your company name, address, contact details, and logo. It is meant to be used for all the documents and letters you create and send in your business. Letterheads are important because of their wide range of uses.

I Taking Assignment Right Now And Have a Day.

Tony wants to save $10,000 in 6 years. Assuming a 4% interest rate, what is the minimum he must save each month to reach his goal?.

Answers

the minimum he must save each month to reach his goal is $123 when interest rate is 4%.

Which interest rate is it?

a percentage of the loan amount that a borrower must pay to a lender as a fee for borrowing money over a set period of time. An interest rate is the amount of interest that must be paid each period as a percentage of a loan, deposit, or borrowing (called the principal sum).

example:

We have been given that Tony wants to save $10000 in 6 years.

That means future value S = $10000

Time t= 6 years

Interest rate = 4% yearly = 0.04 yearly

n=12 months per year

Now we have to find monthly payment to recieve $10000 in 6 years.

minimum he must save each month to reach his goalwhich is approx $123.

Hence final answer is  $123.

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What is roi as an investor why is it important to you? How will it affect your decision to buy hold or sell stock

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Answer:

REWORD

ROI, or return on investment, is a metric used to measure the profitability of an investment. It is calculated by dividing the amount of money gained or lost on an investment by the amount of money invested. A positive ROI indicates that an investment has been profitable, while a negative ROI indicates that it has not.

ROI is important for investors because it allows them to assess the performance of their investments and make informed decisions about buying, holding, or selling stocks. A high ROI may indicate that an investment is performing well and should be held, while a low ROI may indicate that the investment should be sold. Additionally, ROI can be used to compare the performance of different investments and make decisions about where to allocate investment funds.

In summary, ROI is a key metric for investors to determine the profitability of an investment and help them make decisions to buy, hold, or sell a stock.

Answer:

ROI, or return on investment, is a measure of the profitability of an investment, typically expressed as a percentage of the initial investment. It is important to investors because it allows them to evaluate the performance of their investments and compare them to other potential investments. It can affect a decision to buy, hold, or sell stock by indicating whether an investment is likely to be profitable or not and whether there are better investment opportunities available.

Explain the nature of marketing planning.
Explain the concept of marketing strategies.
Explain the concept of product mix.
Identify product’s/service’s competitive advantage.

Answers

The marketing plan outlines the approach a business will take to advertise its goods to consumers. The overall number pf product lines and distinct goods or services that a business offers is its product mix.

What is a good example of marketing?

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Marketing, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of the company.

Why is marketing necessary?

Many individuals learn about a specific product thanks to marketing. Your sales will rise if consumers are aware about your product. Many commercial companies find that marketing greatly aids in developing revenue streams. When several business sectors use.

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If the Federal Reserve wants to reduce interest, what will they do to the money supply?.


A). Decrease the Money Supply
B). Increase the Money Supply

Answers

B is the correct answer

Pls mark me brainliest

Hope this helps have an excellent day!

Individuals who are involuntarily working part‑time are considered?

Answers

Individuals who are involuntarily working part-time are considered as underemployment.

Underemployment is a total number of people in an economy who are unwillingly working in low skill and low paying jobs or only part time because they cannot get full time jobs that their skills. Underemployment is calculated by dividing the number of underemployed by the total number of workers. There are two types of underemployment and they are Visible underemployment and Invisible underemployment. Visible underemployment is that in which an individual works fewer hours than full time job in their chosen field. Invisible underemployment is situation in which an individual is not able to find a job in their chosen field.

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Morrison Company experienced a business event that had the following effect on its accounting equation. Assets = Liabilities + Common Stock + Retained Earnings NA (25,000) (25,000) NA Which of the events would have caused this effect? Multiple Choice Pald off debt issued common stock for cash. Incurred cash expense. Paid a cash dividund.

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Morrison Company experienced a business event that had the following effect on its accounting equation. Assets = Liabilities + Common Stock + Retained Earnings NA (25,000) (25,000) NA Paid off debt have caused this effect

The percentage of a company's net income retained by management for internal use as opposed to being distributed to shareholders as dividends is known as retained earnings. Retained earnings, in a nutshell, are the entire amount of earnings that have not yet been distributed to shareholders. These funds are also kept in reserve so they can be used to reduce debt or reinvest in the business by buying fixed assets.

The beginning balance of RE is used to determine retained earnings (RE), which is then multiplied by net income (or loss), added, and any dividends paid subtracted.

Retained Earnings = RE Beginning Balance + Net Income (or loss) – Dividends

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You have secured an 8%, $500,000 bank loan to be paid off in seven equal end-of-year annual payments. What is the required loan payment?.

Answers

For a $500,000 bank loan with an 8% interest rate, there will be seven equal end-of-year annual payments. A $ 3333.3 per month loan payment is required.

The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate (APR), interest expense or revenue is frequently expressed as a dollar figure. Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.

Lenders may charge interest for the use of their money, or borrowers may charge interest for the use of those funds.

According to question,

Calculation of loan payment:

loan payment = rate x loan amount / time

= [tex]\frac{8*500000}{12*100}[/tex]

= $ 3333.3

Hence, a $ 3333.3 per month loan payment is required.

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Help anybody I’m trying to solve this

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Depending on what you purchased, you might be required to pay an import duty, a sort of tax imposed by the federal government on specific imported goods.

Why does the US have a 25 year import rule?

Known as the "25-year import regulation," the Imported Vehicle Safety Compliance Act. It makes it impossible for people to bring in brand-new vehicles from other markets without going through an extensive and pricey testing and federalization process. The IVSCA, according to supporters of the Act, keeps American drivers safe.

It costs $36,000 on average to produce one unit. Furthermore, the Tesla Model 3 RWD, the cheapest electric vehicle produced by a US carmaker, costs $44,990. The starting prices for the Tesla Model S and Model X are respectively $95,000 and $105,000, and the Tesla Model Y is available for $60,000. An evaluation of vehicle damage results in a report that compiles the main conclusions. Drivers and fleet managers consult damage reports while submitting insurance claims. The middle market sector of the economy includes auto manufacturers.

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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances

Answers

The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, In a cap-and-trade system.

It is a market tool wherein a government sets a "limit" or cut-off on the total amount of ozone-harming compounds that may be released. Producers of ozone-depleting substances would be required to pay for each considerable amount of carbon dioxide or carbon dioxide equivalent1 that they emit under such a strategy. For instance, those from power plants, by establishing a market and setting a limit on contamination. Limiting outflows and charging for them is the best environmental solution, both ecologically and financially. Cap-and-trade is a technique for achieving both. The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, The public authority establishes an outflows cap and distributes a number of emanation stipends in accordance with that cap under a cap-and-exchange structure.

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A customer at a store paid $64 for 3 large candles and 4 small candles. At the same store, a second customer paid $4 more than the first customer for 1 large candle and 8 small candles. The price of each large candle is the same, and the price of each small candle is the same.

Answers

A customer paid $64 for 3 large candles and 4 small candles. The price of each large candle is $16, and the price of each small candle is $4.

What do you know about candles?

Candles have been a source of light and heat since ancient times. They are made from wax and come in a variety of shapes, sizes and colors. Candles are used for a variety of purposes including religious ceremonies, decoration, aromatherapy, and providing light and warmth. Candles come in many different types, such as beeswax, soy, paraffin, and gel. Beeswax candles tend to burn clean and are the most natural, while paraffin candles contain petroleum-based wax, and soy candles are a renewable resource made from soybeans. Candles also come in a variety of scents, such as lavender, vanilla, and jasmine, and can be used to create a relaxing atmosphere.

So, The price of each large candle is $16, and the price of each small candle is $4.

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Correct Question: A customer at a store paid $64 for 3 large candles and 4 small candles. At the same store, a second customer paid $4 more than the first customer for 1 large candle and 8 small candles. The price of each large candle is the same, and the price of each small candle is the same. What is the price of each large candle and each small candle?

What are some criteria you can use when comparison shopping?.

Answers

Here are five things to consider when comparison shopping so that you never need to wonder if you are getting the best deal.

Quality. Craftsmanship. Quantity. Performance. Longevity.

Description of Online Comparison Shopping

Rather than going from store to store, potential buyers use online comparison shopping for the price of single or multiple items. Comparison shopping online is easier than driving to the store or calling individual retailers, more efficient and also results in savings, such as gas money.

In addition to displaying the best prices, online shopping comparison websites often provide clearance or seasonal sale items and deals of the day.

When doing online price comparisons, consumers should keep in mind the following:

Read carefully all terms and conditions, return policies and details about hidden or additional charges. Only provide personal financial information to encrypted websites, marked with HTTPS in the browser's URL field, versus HTTP, indicating that a site is not encrypted. Use common sense when doing comparisons online. For example, consider an offer for a certain type of product that sounds too good to be true. Always stay informed about current scams and scams to prevent unwanted shopping incidents. Before purchasing any product, confirm the authenticity of the item and the retailer through thorough online research, including reviews and feedback

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Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.1. collect and analyze data, and present the results to clients2. keep up to date on current product trends3. look at analyses conducted by other firms, and inform clients of the findings4.test different marketing strategies to identify the best one1. producing2. consuming3. consuming4. producing

Answers

Producing - Collecting and analyzing data, and presenting the results to clients is a task associated with producing research.

Consuming - Keeping up to date on current product trends is a task associated with consuming research. This is because it involves reviewing and analyzing existing research or data on product trends, rather than conducting new research.

Consuming - Looking at analyses conducted by other firms, and informing clients of the findings is a task associated with consuming research. This is because it involves reviewing and analyzing existing research or data, rather than conducting new research.

Producing - Testing different marketing strategies to identify the best one is a task associated with producing research. This is because it involves conducting new research by testing different marketing strategies and analyzing the results to determine the best approach.

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Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario? Markets allocate goods effectively. Markets usually lead to efficiency. There is a tradeoff between equality and efficiency. When markets do not achleve efficiency, government intervention can improve overall welfare.

Answers

When markets do not achieve efficiency, government intervention can improve overall welfare is the scenario that describes the principles of economic interaction .

Option D is correct.

What does it mean to engage in economic interactions?

In an economy, the exchange of goods, services, and money is the form of economic interaction between economic agents. The reciprocal effect of one's actions, as well as the influence of actions by economic agents, are all examples of interaction.

What is the fundamental issue affecting economic interactions?

Economizing is necessary because of scarcity. The fundamental issue for economic interactions versus individual projects is scarcity. There is no intention or control over traffic.

Economic interaction that have resulted in such an increase in "the wealth of nations" over the past few centuries?

Still, the majority of development economists agree that the most important stages of economic development are connected to three distinct transitions: a structural shift in the economy, a shift in the population, and an urbanization process

Incomplete question :

Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario?

A. Markets allocate goods effectively.

B.Markets usually lead to efficiency.

C.There is a trade off between equality and efficiency.

D.When markets do not achieve efficiency, government intervention can improve overall welfare.

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What other issues resulted because of the stock market crash?.

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Answer:

Equally relevant issues, such as overpriced shares, public panic, rising bank loans, an agriculture crisis, higher interest rates and a cynical press added to the disarray. Many investors and ordinary people lost their entire savings, while numerous banks and companies went bankrupt

Explanation:

boulanger affected the growth of the restaurant and foodservice industry by ___

Answers

Boulanger affected the growth of the restaurant and foodservice industry by d)opening the first restaurant.

A restaurant is a place where food and drinks are prepared and served to clients. Meals are often served and consumed on-site, however many restaurants also provide take-out and food delivery services.

Restaurants vary significantly in look and offerings, with cuisines and service models ranging from low-cost fast-food meals and cafeterias to mid-priced family restaurants to high-priced luxury institutions.

With 10 million employees, the restaurant business in the United States is vast and rapidly rising.

One out of every twelve people in the United States works in the industry, and it grew despite the 2008 recession. Restaurants are notorious for paying low wages, which they claim are owing to 4-5% profit margins.

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Correct question:

Boulanger affected the growth of the restaurant and foodservice industry by...

organizing the kitchen.

developing pasteurization.

inventing cooking guilds.

opening the first restaurant.

in which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?

Answers

In the Accounts Payable Debit column, the cash payments journal are the amounts that are posted individually to the accounts payable ledger.  Accounts Payable Debit column is located in the left side of an account.

In economic, A debit balance that located in a Payable account generally can be defined as the company owes money, while a credit balance indicates that the company is owed money. The normal balance of accounts payable is negative that indicate that he company is owed money. Any outstanding bills that need to be paid shortly is including in the  company's accounts payable.

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mel, macy, and maggie work together to achieve a specific purpose, so they are part of an organization. true or false

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Mel, Macy, and Maggie work together to achieve a specific objective, making them members of an organized state. This claim is untrue.

Working together for a certain goal does not always mean Mel, Macy, and Maggie are a part of an organization. A formal structure of people or groups cooperating to accomplish a shared purpose or set of goals is called an organization.

It often has a defined set of tasks and responsibilities, a clear structure of power, and a set of guidelines that govern how it should be run.

Without a clearly defined hierarchy of authority, duties, responsibilities, rules, processes, and policies to direct their work, Mel, Macy, and Maggie can collaborate informally. They could be a part of a team or an unofficial group working together to accomplish a certain goal.

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What is the simplest change that can be made to the budget to produce more saving next month?.

Answers

Decrease food expenses is the simplest change that can be made to the budget to produce more saving next month.

Make a plan for how you will spend your money for the upcoming month at the beginning of the month. Write down your estimated earnings and spending.Record your spending in writing.Check to see if you spent exactly what you had planned at the end of the month.Use the data to assist you in creating your budget for the following month.The general rule of thumb is to allocate your monthly after-tax income into three categories for spending: needs (50%) wants (30%) and savings (20%). You can put your money to work more effectively by consistently maintaining a balance between these key areas of spending.

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What is communist command economic system?.

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The communist command economy, also kno-wn as a planned econ-omy, requires that a nation's central govern-ment own and control the me-ans of production. Private owner-ship of land and capital is non-existent or severely limit-ed.

In a command economy, it is the govern-ment that decides what to pro-duce, how to produce go-ods and how to distribute goods and ser-vices within the eco-nomy. Today, the existing communist states in the wor-ld are in China, Cuba, Laos, and Vietnam. These commu-nist states often do not claim to have achie-ved socialism or communism in their count-ries but to be build-ing and working toward the establish-ment of social-ism in their countries.

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Fuzzy Monkey Technologies, Inc. , purchased as a short-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $70 million. Required: 1. To 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021 balance sheet

Answers

1) Debit Investment in Bonds by $80 and credit by Cash by $66.00 and Discount on bond investment by  $14.

2)Debit Cash by $3.20 and Discount on bond investment by $0.10,               credit Interest revenue by $3.30.

3) Debit Cash  by $3.20 and Discount on bond investment by              $0.11, credit Interest revenue by $3.31        

4a) Investment in the December 31, 2021 balance sheet = $70 million

Journal entries will be as follows:

1.  01-Jan-21 Investment in Bond Dr                        $80.00  

            To Cash                                          $66.00

            To Discount on bond investment          $14.00

          (Being investment in bond recorded)    

       

2. 30-Jun-21 Cash Dr ($80 * 8% * 6/12)                 $3.20  

            Discount on bond investment Dr $0.10  

            To Interest revenue ($66*10%*6/12)           $3.30

  (Being revenue recognition for bond interest and discount          amortized)    

       

3 31-Dec-21 Cash Dr ($80 * 8% * 6/12)         $3.20  

   Discount on bond investment Dr                 $0.11  

            To Interest revenue ($66.1*10%*6/12)            $3.31

   (Being revenue recognition for bond interest and discount   amortized)

4-a) $70 million is the Investment in the December 31, 2021 balance sheet.

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the internet impacts businesses by providing more information about their.T/F

Answers

False , the internet impacts businesses by providing more information about their.

What effects does the Internet have on business?

Businesses may now access a larger market much more quickly and simply thanks to the internet. As a result, new businesses are now able to reach new heights of success more quickly.

                                This has made it possible for companies to serve customers who are located halfway around the world from one location.

What is the impact of the Internet?

The internet is an international network of interconnected networks that primarily offers wireless interactive communication. T

                               he public only had access to the internet in the 1990s, despite the fact that it was originally deployed in 1969.

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What are the three main employment sectors?.

Answers

Three main employment sectors are: government sector, agriculture sector, and health care sector.

A job or employment sector is a broad category of jobs and industries that are linked by what they perform.

Example of employment sectors are:

Government sector: This sector is an important aspect of a country's economy since it supports it through key policies. This sector makes all high-level decisions and implements policies, but it also enforces all laws necessary to ensure that everyone of the country's residents can benefit from what the country has to offer.Agriculture sector: includes grain industry, potato farming, etc.Health care sector: It is one of the most essential in the country, employing a large number of people. The industry is critical to ensuring that individuals have access to cheap health care services as well as prompt treatment when needed.

There are other employment sectors such as: information and technology, education sector, construction, mining, etc.

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How do I monitor my checking account?.

Answers

6 Easy Steps to Check Your Bank Balance in checking account

Log In Online Mobile Apps and Text Messages Use an ATM Call the Bank Set Up Alerts Talk to a Teller

Functions & Benefits of a Checking Account

The main benefit of demand deposits in the field of accounting is the ease of withdrawing finances at any time so that it does not interfere with financial transaction activities.

In addition, by using this account, you don't need to worry because you don't use large amounts of cash anymore.

Here are some of the benefits that you will get if you save the money you have in checking accounts:

Money in the account will be safer from crime. Convenience in making payments for buying and selling transactions by using checks and banknotes. Deposits in the form of demand deposits can be withdrawn at any time during working hours. The owner of this account no longer needs to carry large amounts of money, just bring checks and slips when you want to make a payment. With a checking account there are no transaction limits, as long as you have enough money to make transactions. The administrative process is carried out better because every month customers who have a checking account will get a checking account.

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Iabel open a aving account. She ave $5. 35 each chool day by taking her own lunch and riding a bike to college. Every Saturday, he earn $36. 25 working at her parent’ retaurant. She put all her aving and earning in her new bank account. How much money i in her account after 10 week? Aume he ha been working in chool 5 day each week and working every Saturday

Answers

Using mathematical operations we know that after 10 weeks there will be $630 in the bank account.

What are mathematical operations?

A mathematical "operation" is the process of calculating a value utilizing operands and a math operator.

There are predefined rules associated with the math operator's symbol that must be applied to the supplied operands or numbers.

Fundamental mathematical operation symbols A mathematical expression is made up of a series of numbers and operations.

The following steps are used to answer mathematical expressions: parentheses, exponents, multiplication, division, addition, and subtraction.

All expressions should be shortened in the specified order.

So, money in the account after 10 weeks:

5.35 x 5 = 26.75

26.75+36.00+.25 = 63.00 each week

63.00 x 10 weeks = 630.00

Therefore, using mathematical operations we know that after 10 weeks there will be $630 in the bank account.

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Why is it important to compare two things?.

Answers

A comparative analysis can provide information that aids a company in making critical decisions when it wants to launch or expand a marketing campaign.

To help a firm make wise decisions for both its clients and itself, this analysis collects several data sets to compare various options. Comparing or contrasting things is done to highlight minor differences or unexpected commonalities rather than to declare the obvious. When a company wishes to evaluate a concept, issue, theory, or query, doing a comparative analysis enables it to comprehend the problem and provide solutions.

This kind of analysis may be used by a company to examine objects with clear distinctions or objects with both differences and similarities.

For more such questions refer to comparative analysis:

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