A business organization is a commercial entity formed to engage in a particular activity, such as buying and selling goods or providing services. Examples include corporations, partnerships, and sole proprietorships.
The type of business organization that is owned by two or more individuals sharing the collective resources of those individuals is known as a partnership. In a partnership, each individual contributes their skills, expertise, and financial resources towards the success of the business. They share in the profits and losses of the business, and typically have equal say in the decision-making process.
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the quantity demanded of a product increases as question content area bottom part 1 a. the price of the product falls. b. the prices of other products fall. c. consumer income rises. d. the price of the product rises.
The quantity demanded of a product increases when the price of the product falls. The anwers is option a. the price of the product falls. This is known as the law of demand and is based on the concept of marginal utility. When the price of a product decreases, the consumer is able to purchase more of the product due to their increased purchasing power.
As a result, the consumer is more likely to purchase more of the product and the quantity demanded increases. Additionally, the prices of other products can also affect the quantity demanded. If the price of a related product falls, it may increase demand for the product in question, as the consumer may decide to switch products due to the lower price. Finally, consumer income can affect the quantity demanded of a product. If consumer income increases, they may be able to purchase more of the product in question and the quantity demanded will increase.
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suppose the market for this product is served by two firms that have formed a cartel. if the marginal cost of production is $0 and there is no fixed cost, the combined profit of the cartel will be a. $16 b. $30 c. $32 d. $24
If the marginal cost of production is $0 and there is no fixed cost, the combined profit of the cartel will be $32. Hence option (c) is the answer.
What is the marginal cost?The cost difference between producing one more product or serving one more customer is known as the marginal cost. It is sometimes referred to as an incremental expense. The additional expenditures you incur to generate one more unit of output are, therefore, the marginal cost of production.
In addition, direct labor expenses and other variable costs that rise in proportion to production levels are included. Typically, when production rises, the marginal cost of production rises as well. The additional expense incurred by a business when producing more units of its products or services is known as its marginal cost. You may figure it out by dividing the change in costs by the variation in quantity.
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Fifty-five percent of the applications received for a particular credit card are accepted. Among the next twelve applications, what is the probability that exactly 4 will be accepted?
The probability that exactly 4 out of the next 12 applications will be accepted is approximately 0.1147.
The probability of exactly 4 out of the next 12 applications being accepted can be calculated using the binomial distribution. The binomial distribution is used to model the number of successes in a fixed number of independent trials, where each trial has only two possible outcomes (success or failure) and the probability of success is the same for each trial.
In this case, each application is a trial, and the outcome is either accepted (success) or not accepted (failure). The probability of success (an application being accepted) is 0.55. The number of trials is 12 (the next 12 applications).
The probability mass function for the binomial distribution is given by the formula: \(P(X = k) = \binom{n}{k} \cdot p^k \cdot (1 - p)^{n - k}\), where n is the number of trials, k is the number of successes, p is the probability of success, and (n choose k) = n! / (k! × (n - k)!).
Plugging in the values for this problem, we get: P(X = 4)
= \(\binom{12}{4} \cdot 0.55^4 \cdot (1-0.55)^{12-4}\)
= 0.1147.
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you are currently involved in controlling procurements on a mission critical project for your organization. a seller has been contracted to provide a high load winch system. the winch that was to be supplied was rated at 1,000 pounds, but it is currently unavailable and will be replaced with the 1,200-pound model. this will result in a change to the contact. which action will best resolve this change? answers a. initiating claims administration b. performing inspections and audits c. implementing an integrated change control system d. using the contract change control system
Using the contract change control system will best resolve controlling procurements on a mission critical project for your organization.
What is contract change control system?All modifications to the project management contract are gathered, tracked, and communicated using the contract change control system. Contracts typically include clauses that allow for revisions or the inclusion of new things.
What different types of change management exist?
The three types of guided change management are developmental, transitional, and transformative. Different types of change necessitate different strategies and approaches in order to raise engagement, reduce opposition, and promote acceptance.
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Joe's hot dog stand can produce hot dogs and hamburgers. The table gives Joe's production possibilities. The opportunity cost of :
the 2nd hot dog is O hamburgers
the 3rd hamburger is 3 hot dogs
the first hot dogs is 1 hamburgers
the 4th hamburger is 2 hot dogs
Joe's production possibility table gives four alternative possibilities of producing hamburgers and hot dogs. Thus, these are the opportunity costs associated with Joe's production possibilities.This is the explanation to your question and it includes 142 words.
The opportunity cost of producing goods is the cost of sacrificing the alternative production of other goods.The opportunity cost of the first hot dog is one hamburger, which means that one hamburger can't be produced as Joe produces his first hot dog.
The opportunity cost of the 2nd hot dog is zero hamburgers, indicating that no hamburgers are sacrificed for producing the second hot dog. The opportunity cost of the 4th hamburger is two hot dogs, indicating that two hot dogs cannot be produced while producing the 4th hamburger.
Finally, the opportunity cost of the 3rd hamburger is three hot dogs indicating that producing three hot dogs cannot happen while producing the third hamburger. Thus, these are the opportunity costs associated with Joe's production possibilities.This is the explanation to your question and it includes 142 words.
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They had to become a citizen of Mexico and convert to catholisism.
To acquire Mexican citizenship, one had to undergo conversion to Catholicism. This was a mandatory requirement during the colonial period when Mexico was under Spanish rule.
Being a Mexican citizen during the colonial era, when Mexico was governed by Spain, required conversion to Catholicism. Due to Spain's desire to preserve political and ecclesiastical sway over its colonies, this was a prerequisite.
People were required to acquire Spanish culture and language in addition to becoming Catholics, which boosted Spain's dominance. Several other Spanish colonies adopted this approach as well, and it was in use until Mexico attained independence in the 19th century.
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HELP PLEASE:)
to get the most accurate savings figures, which item should you vary when you are comparing 2 loans from separate banks?
A. the APR should be different
B. the number of years it takes to pay it off
C. fixed and variable rates
D. nothing should be varied
I Think its answer C: Fixed and Variable rates
younger adults emphasize ___________ in life stories; older adults emphasize ____________.
Younger adults emphasize future-oriented goals and achievements in life stories; older adults emphasize past experiences and relationships.
Younger adults tend to focus more on future-oriented aspects in their life stories. They often highlight their goals, aspirations, and achievements they hope to attain or have already accomplished. This emphasis on the future reflects their stage of life, where they may be building their careers, pursuing education, and exploring possibilities for personal and professional growth.
On the other hand, older adults often place greater emphasis on past experiences and relationships when recounting their life stories. They tend to reflect on significant events, milestones, and lessons learned throughout their lives. The emphasis on past experiences is influenced by accumulated wisdom, a sense of personal history, and a desire to share the valuable insights gained over the years.
While these generalizations hold true for many individuals, it's important to note that individual preferences and priorities can vary. Not all younger adults solely focus on future goals, and not all older adults exclusively dwell on the past. Personal values, cultural factors, and individual differences can shape how individuals prioritize different aspects in their life stories.
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what is the first step in the comprehensive strategic-management model
The first step in the comprehensive strategic management model is typically conducting a thorough analysis of the organization's internal and external environment.
This initial step involves evaluating the organization's strengths, weaknesses, opportunities, and threats (SWOT analysis), assessing its competitive position, and understanding the broader industry and market dynamics. By conducting a detailed analysis, decision-makers gain insights into the internal resources, capabilities, and limitations of the organization, as well as the external factors that may impact its performance. This information serves as the foundation for formulating effective strategies and making informed decisions. Understanding the organization's current state and the external landscape is crucial for setting objectives, identifying strategic options, and aligning the strategic management process with the organization's vision and goals.
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why is the temerature gauge on my bmw e46 318i dashboard cluster spiking to the red even without engine turned on for days?
The temperature gauge on my BMW e46 318i dashboard cluster spiked to the red even without the engine being turned on for days because the engine is overheating.
When the temperature light comes on or the gauge reaches the red zone, you should immediately pull over to a safe area away from oncoming traffic and turn off the engine. When the temperature light comes on after waiting 20 minutes and starting the engine, go right to the nearest repair shop.
This issue may be brought on by a low level of coolant in the radiator, a malfunctioning thermostat, a defective radiator, a damaged head gasket, a malfunctioning water pump, or even just a bad temperature sensor or gauge producing an inaccurate reading.
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Aspirin lab
Based upon the observed results, what can you conclude about the purity of your product?
A Visual Spectrophotometer may be used to assess the quantity and purity of acetylsalicylic acid in aspirin. This is why: Aspirin creates violet tetraaquosalicylatroiron complex when iron is added to it. Simply expressed, there is an apparent violet color response.
Out of a potential output of 2.52 grams, 2.169 grams of pure aspirin were synthesized in total. Hence, the product yield was 86.07%. Salicylic acid is acetylated to make aspirin less acidic and less harmful to the human body's digestive system.
The United States Pharmacopeia (USP) is responsible for defining medicine standards (6). CgH8O4 content in aspirin tabs must be between 95 and 105 percent of the quantity specified on the label (acetylsalicylic acid). CgH9NO2 has a similar proportion (acetaminophen).
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Ordoliberal thought has had a profound influence on economic and political policy in _______________.
Ordoliberal thought has had a profound influence on economic and political policy in Germany itself and in the broader European Union. Ordoliberalism emphasizes the importance of market competition as a means of promoting economic efficiency and innovation
This approach has had a significant impact on economic policy in Germany, where a strong social market economy has been developed, emphasizing the importance of both market forces and government intervention.
In particular, the principles of ordoliberalism have influenced the development of Germany's regulatory framework, which emphasizes the importance of independent regulators and the need for competition to be enforced through antitrust laws and other measures.
Moreover, the principles of ordoliberalism have also had an impact on the European Union, where they have been embraced as a means of promoting economic integration and stability. The EU's competition policy, which emphasizes the importance of competition to promote economic efficiency and prevent the negative effects of market failures, reflects the influence of ordoliberal thought.
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The Big Hotel Brand has instituted a coaching program. What are the likely results?
The expenses for coaching will be higher than that of other types of training, but it is worth it.
Managers will find coaching too time consuming in the long run.
Productivity will be diminished because employees work less.
The hotel will develop a deep bench of talent.
Answer:
The expenses for coaching will be higher than that of other types of training, but it is worth it.The hotel will develop a deep bench of talent.Explanation:
The essence of coaching is to develop and support individuals to maximize their potential. In coaching, an more competent and experienced person, the coach, offers instructions and guidance that helps the learner unlock their abilities.
Coaching empowers individuals by developing their soft and interpersonal skills. It prepares them for bigger responsibilities in an organization. Coaching is costly in terms of budgets and the time-off that employees and managers require for the activities. However, the benefits of more competent and efficient employees outweigh the costs. Coaching ensures a company has a readily available pool of talents to take up higher positions or fill any vacancies should they emerge.
Carolina holds $2,000 in her savings account in case of a medical emergency. This represents A) Medical savings account. B) Transaction demand for money. C) Precautionary demand for money. D) Income demand for money.
Carolina holds $2,000 in her savings account in case of a medical emergency. This represents Precautionary demand for money.
Every second counts, when it comes to medical cases. Knowing what to do in these situations can make the difference between life and death. First, assess the situation and make sure that you are safe. Then, call 911 immediately and stay on the line until you receive instructions from the operator.
Make sure you provide all relevant information, including the exact location and the type of medical emergency. Once the emergency responders arrive, stay calm and follow their instructions. Knowing what to do in a medical emergency can help save lives.
Hence, the correct option is "C".
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Please help I will mark you as brainliest!!
The marketing manager at a company producing laundry products sees great
long-term profits from selling to many consumers worldwide who care about
low prices. Which of the following tactics would best support this manager's
low-price strategy?
A. Develop products with more features than the competition offers
B. Design simple, inexpensive packaging
C. Offer a customer help line for advice in using the products
D. Work with retailers that specialize in speedy checkout and fast
delivery
The tactics that would best support this manager's low-price strategy is Designing simple, inexpensive packaging. Thus option B is correct.
What is the manager?A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.
In order to cater to a large number of potential consumers the low pricing strategy is used where the manager focuses on simple and inexpensive designs which help in the affordability of consumers.
Therefore, option B is appropriate.
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For long term success, what type(s) of motivation is/are necessary? a. intrinsic b. extrinsicc. mostly extrinsicd. intrinsic and extrinsic
a. intrinsic type(s) of motivation is/are necessary.
How long-term is intrinsic motivation?The findings demonstrated the long-term and potent boosting effects of intrinsic drive on later academic achievement, self-efficacy, identity, and course effort.
In contrast, the indicated motive could be context-sensitive and so open to change in the long-term outcomes.
There is evidence to support the claim that intrinsic motivation produces the best results in the majority of cases.
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the gift shoppe's inventory turned over five times during the year. similar gift shops have an inventory turnover equal to ten times per year. what explains the gift shoppe's inventory management?
The gift shoppe's inventory turnover being lower than similar gift shops suggests that it has a slower rate of selling its inventory or carries a higher level of inventory compared to its counterparts.
A gift refers to something given voluntarily to someone without the expectation of payment or anything in return. It is an expression of goodwill, affection, appreciation, or celebration. Gifts can take various forms, including physical items, experiences, acts of kindness, or monetary contributions. They are commonly exchanged during special occasions such as birthdays, anniversaries, holidays, or as gestures of gratitude or friendship. Gifts hold symbolic value and can strengthen relationships, convey thoughtfulness, and bring joy to both the giver and the recipient. The act of giving and receiving gifts is a universal practice embedded in cultures and social interactions across the world.
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g turing facilities in Asia. Emerson needs to build a new manufacturing facility to produce automotive parts for cars manufactured in Detroit. Emerson executives are considering whether to build the new facility in China or in the United States. Which of the following, if true, undermines the argument to build a new Emerson facility in China? A. Fuel costs in China have risen sharply and are not expected to drop. B. China has committed over $500 billion to infrastructure projects. C. U.S. firms continue outsourcing service jobs despite the economy. D. China is the world's largest exporter of manufactured goods.
Answer: A. Fuel costs in China have risen sharply and are not expected to drop.
Explanation:
The main reason that companies would want to invest in another country and set up factories there for production, is usually because of the cost savings that it would enjoy doing so.
China offers a lot of cost savings to manufacturers such as with labor and material but if it is found that fuel costs have risen sharply and will not drop anytime soon, production in China will become more expensive and might dissuade companies like Emerson from setting up shop there.
Apple vs. Samsung: The Design Patent War Between Two
Technology Giants
In 2011 Apple sued Samsung on the grounds of patent
infringement. Watch the short video and read through the
articles.
https://ww
In 2011, Apple sued Samsung for patent infringement, sparking a design patent war between the two tech giants. The dispute centered around similarities in smartphone and tablet designs.
The legal battle resulted in lawsuits in multiple countries, with both companies accusing each other of copying their designs. The case highlighted the importance of design patents in the technology industry and had a significant impact on future patent disputes between Apple and Samsung.
In 2011, Apple filed a lawsuit against Samsung, alleging that Samsung's smartphones and tablets infringed upon Apple's design patents. This initiated a prolonged legal battle between the two companies known as the design patent war. The case raised questions about the boundaries of design patents and the similarities between competing products in the technology industry. The lawsuits spanned multiple countries and resulted in mixed outcomes, with some rulings favoring Apple and others favoring Samsung. The dispute showcased the significance of design patents and their potential impact on product innovation and competition within the tech sector.
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Zhongli gets fired from the Wangsheng Funeral Parlor and needs money. What is the best way for him to make money?
(A) Get a job
(B) Beg for money
(C) Childe
C. Childe
Childe is a walking wallet..
Hey Girlie!Answer:
C. Nothing just childe the wallet
Which "class" of fires consists of flammable liquids including stove alcohol, gasoline and diesel?.
The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.
What are class B fires?These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.
The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.
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Which of these exemplifies product placement?
A.
An advertisement for an electronics company
B.
A movie with a character who uses an iPad
C.
A TV show in which characters use cell phones
D.
An advertisement featuring a popular celebrity
Answer:
B, a movie with a character who uses an iPad.
Explanation:
Product placement is an indirect type of advertisement in which a product isn't directly advertised. It is increasingly becoming a form of advertisement these days because of the ease with which it is done.
Product placement can also be said to be embedded marketing. That is, the showing or referencing of a product in an unconnected way to another work or thing, e.g. tv, film, etc.
As in the qustion, a movie character using an iPad is doing embedded marketing for the iPad thus attracting the audience to purchase the product.
Cheers.
Answer:
B, a movie with a character who uses an iPad.
Explanation:
All of the following characterize both perfectly competitive and monopolistically competitive markets EXCEPT: Price is equal to average revenue. Price is equal to average revenue. A Individual firms produce output where marginal cost equals marginal revenue. Individual firms produce output where marginal cost equals marginal revenue. B Firms can affect the selling price of their product. Firms can affect the selling price of their product. C The market has a large number of firms. The market has a large number of firms. D Firms can easily enter or exit the market.
When you own a home it prepares you for financial expectations while also representing a stepping stone into adulthood
Owning a home is a significant milestone in a person's life and a reflection of their financial preparation for the future. Being a homeowner helps one prepare for financial expectations while representing a stepping stone into adulthood.
Owning a home implies that you possess the right to occupy and live in the property you've purchased or acquired. Homeownership is a form of financial investment that involves long-term monetary obligations, but it also offers long-term benefits such as asset appreciation and equity building.
Preparation for Financial ExpectationsHomeownership necessitates significant financial commitment and preparation. When you buy a house, you need to save for a down payment, and after purchasing, you have to think about additional expenses such as utilities, taxes, insurance, and maintenance.
Homeownership allows people to build wealth and develop equity by paying down their mortgages over time. As you pay off the loan, you get closer to owning the home outright. Homeownership is an essential part of a comprehensive long-term financial plan as it helps people achieve their financial goals.
Stepping Stone into Adulthood Owning a home represents a significant step towards adulthood and financial responsibility. It's a significant life decision that requires a lot of planning, preparation, and maturity. Homeownership comes with the added responsibility of maintaining the property and making mortgage payments on time.
Buying a home provides people with a sense of pride and accomplishment. It gives them a feeling of being established and grounded. Owning a home also provides individuals with a sense of security and stability. It's a place where they can build their lives and their futures.
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Call Options - Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar (S\$). You purchase a call option contract on Singapore dollars. Each contract represents $30,000, with a strike price of $0.77 and call option premium of $0.03 per unit. Suppose that the spot price of the Singapore dollar is $0.78 just before the expiration of the call option contract. At this time, you call the contract and immediately sell the Singapore dollars to a bank at the current spot price. - Calculate the per unit and per contract net profit from the buyer's perspective. - What is the break-even spot price?
The per unit net profit from the buyer's perspective is $0.02, and the per contract net profit is $600. The break-even spot price is $0.80.
As a speculator, purchasing a call option contract on the Singapore dollar (S\$), with a strike price of $0.77 and a call option premium of $0.03 per unit, allows you to anticipate an appreciation of the currency. If the spot price of the Singapore dollar is $0.78 just before the expiration of the call option contract, you can calculate the per unit and per contract net profit from the buyer's perspective. Additionally, we can determine the break-even spot price.
To calculate the per unit net profit, we need to subtract the strike price from the spot price at the time of expiration and deduct the call option premium. In this case, the per unit net profit is ($0.78 - $0.77) - $0.03 = $0.02.
Since each contract represents $30,000, the per contract net profit is obtained by multiplying the per unit net profit by the contract size. Therefore, the per contract net profit is $0.02 * $30,000 = $600.
The break-even spot price is the price at which the buyer neither gains nor loses. To determine this, we add the call option premium to the strike price. In this case, the break-even spot price is $0.77 + $0.03 = $0.80.
In summary, the per unit net profit from the buyer's perspective is $0.02, and the per contract net profit is $600. The break-even spot price is $0.80.
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Fluffy Feet Inc. had cash sales of $550,000 during the month of December and collected 12% sales tax in addition on the $550,000 sales. Required: Accounts Payable, HST Payable. date account debit credit
Dec 31
Based on the given information that Fluffy Feet Inc. had cash sales of $550,000 during the month of December and collected 12% sales tax in addition on the $550,000 sales.
Therefore, the calculation of the accounts payable and HST payable can be given as follows:Calculation of sales tax on $550,000:Sales tax = 12% of $550,000= (12/100) × $550,000= $66,000Therefore, the total amount received from cash sales with tax can be calculated as:Cash sales including sales tax = $550,000 + $66,000= $616,000Now, let's move towards the calculation of accounts payable and HST payable.
Accounts Payable:Accounts payable is the amount owed to the suppliers of goods and services. Since the cash sales are made in this scenario, there is no accounts payable. Hence, the accounts payable in this case will be zero (0).HST Payable:HST payable refers to the amount of sales tax collected by a business during the fiscal period on behalf of the CRA (Canada Revenue Agency). The HST (Harmonized Sales Tax) collected during the month of December is $66,000. Therefore, the journal entry for HST payable will be:
DateAccountDebitCreditDec 31HST Payable66,000Sales Tax Payable66,000Journal Entry for HST Payable is as follows:Dec 31HST Payable 66,000Sales Tax Payable 66,000Therefore, the Accounts Payable is zero (0) and the HST payable is $66,000.
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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
QUICKLY PLEASE ITS TIMED!!!!
Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach
Answer:
the results approach.
Explanation:
This is because this approach emphasises on the results and outcomes produced by the team.
The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
What is result approach?Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.
Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.
Therefore the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
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Tony earned a bachelor's degree at a public school. Which type of higher education institution did he attend?
A.
A 2-year college.
B.
A propriety school.
C.
A theological school.
D.
A 4-year university.
Answer:
D
Explanation:
Bachelor Degree is 4 years
Answer:
D.
A 4-year university.
Explanation:
Teams have better communication than other workers because they get to ______
Answer:
Know each other better.
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective. This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
Hence, teams have better communication than other workers because they get to know each other better in the course of brainstorming, interaction and sharing of ideas.
Answer:
A
Explanation:
Know each other better