list three qualities you think an entrepreneur needs in order to succeed.

Selecting all that apply in financial statements, sales on account will cause an increase in:

1. Sales revenue on the income statement
2. Accounts receivable on the balance sheet

Sales on account increase sales revenue as they represent sales made on credit, which will be recorded on the income statement.

Additionally, sales on account increase accounts receivable on the balance sheet, as they represent amounts owed by customers for goods or services provided on credit. Allowance for doubtful accounts and accounts payable are not directly affected by sales on account.

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Secure executive sponsorship, get help from outside experts, and thoroughly train users are all specific recommendations to achieve enterprise system success.

Securing executive sponsorship is important because it provides the necessary resources and support for the implementation and ongoing use of the system. This includes funding, infrastructure, and staff commitment. Getting help from outside experts can be valuable because they can bring in expertise, best practices, and lessons learned from other similar implementations. They can also provide an objective perspective and help identify potential issues or opportunities.Thoroughly training users is essential for ensuring adoption and effective use of the system. Users need to understand how to use the system, what it can do, and why it's important. They should also be provided with ongoing support and feedback to ensure their continued engagement and satisfaction.

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The factors that must be considered in order to estimate the total compensation associated with stock options include the exercise price of the options, expected term of the option, and current market price of the stock.

To estimate the total compensation associated with stock options, you need to consider the following factors:

1. Exercise price of the options: This is the price at which the option holder can purchase the underlying stock. The difference between the exercise price and the current market price of the stock determines the value of the option.

2. Expected term of the option: This is the length of time the option is expected to be outstanding before it is exercised or expires. The longer the expected term, the greater the potential for stock price appreciation, which can increase the value of the option.

3. Current market price of the stock: This is the current trading price of the underlying stock. Comparing the current market price with the exercise price helps determine the value of the stock option.

In summary, to estimate the total compensation associated with stock options, you must consider the exercise price of the options, expected term of the option, and the current market price of the stock.

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The correct answer is b) a marketing information system. This system is used to gather, store, analyze and distribute information related to the market, customers, competitors, and other environmental factors that may affect the organization. It helps the company to make informed decisions by providing relevant and timely data.

The information may be collected from both internal and external sources, such as sales reports, customer surveys, social media, and industry reports. The system may also use primary data, which is collected through research conducted by the company, and secondary data, which is gathered from existing sources. The marketing information system is an essential tool for businesses of all sizes and types, as it allows them to monitor changes in the market and adapt their strategies accordingly. It helps the organization to identify opportunities, understand customer needs and preferences, and improve its products and services. By leveraging a marketing information system, businesses can gain a competitive advantage by staying ahead of the curve and making informed decisions based on data-driven insights.

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Under the Revised Uniform Limited Partnership Act (RULPA), a limited partner may contribute cash, property, or services to the partnership.

This means that a limited partner can provide any of these items in exchange for their limited partnership interest.

However, it is important to note that the value of the non-cash contributions must be determined and agreed upon by all partners, and that the contribution of services may be subject to limitations or restrictions in some states.

Additionally, the RULPA requires that limited partners do not take part in the management of the partnership, so any services provided by a limited partner must be in a passive role.

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The IFRS that were violated in the Volkswagen emissions scandal include IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors, and IAS 37 - Provisions, Contingent Liabilities and Contingent Assets.

The IFRS that were violated in the Volkswagen emissions scandal include IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors, and IAS 37 - Provisions, Contingent Liabilities and Contingent Assets.

IAS 8 was violated because Volkswagen failed to accurately report the impact of the emissions scandal on their financial statements. This resulted in a misrepresentation of their financial position, performance, and cash flows.

IAS 37 was violated as Volkswagen did not properly recognize and disclose the provisions, contingent liabilities, and contingent assets related to the fines, legal claims, and other costs associated with the emissions scandal.

In summary, Volkswagen violated IFRS by not accurately reporting the financial implications of the emissions scandal, specifically violating IAS 8 and IAS 37.

This violates the disclosure requirements of IFRS 16 for lease agreements. Overall, the Volkswagen emissions scandal highlights the importance of transparent financial reporting and adherence to IFRS principles.

This violates the disclosure requirements of IFRS 16 for lease agreements. Overall, the Volkswagen emissions scandal highlights the importance of transparent financial reporting and adherence to IFRS principles.

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In 2020, the capital markets responded to General Electric (GE) with mixed reactions. Initially, the company's stock experienced a decline due to the COVID-19 pandemic and the resulting economic uncertainty. However, GE's stock has since rebounded thanks to the company's restructuring efforts and focus on its core businesses.

In particular, investors have responded positively to GE's decision to spin off its healthcare unit and focus on its aviation and power businesses. The company has also taken steps to reduce its debt load and improve its cash flow, which has helped to improve investor confidence.

Despite these positive developments, GE still faces challenges in the current economic environment. The company's aviation business, in particular, has been hit hard by the pandemic, as airlines have canceled or delayed orders for new planes. However, GE's management team has demonstrated a commitment to navigating these challenges, which has helped to reassure investors.

Overall, the capital markets have responded to GE in 2020 with cautious optimism. While there are still uncertainties ahead, the company's focus on its core businesses and its efforts to improve its financial position has helped to improve investor sentiment.

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Investors should understand that when purchasing stock, the principle of "caveat emptor" or "buyer beware" is in effect.

This means that investors are responsible for their own decisions and should take the necessary steps to ensure that they make informed and wise purchases. It is essential for investors to do their own research on the company they are interested in, including reviewing their financial statements, industry trends, and management team. They should also pay attention to any recent news or events that may impact the company's stock price.

By doing their due diligence, investors can minimize their risk and potentially increase their returns. They can also identify potential red flags or warning signs that may indicate that a company is not a wise investment. For example, high debt levels, declining sales, or management turnover may be indicators of financial distress or mismanagement.

In conclusion, investors should not rely solely on others to make investment decisions for them. They should take an active role in researching and analyzing potential investments, so they can make informed decisions and minimize their risk. This principle of caveat emptor is especially important in the stock market, where there is a wide range of investment opportunities, but also a high level of volatility and risk.

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The supply of index cards can shift to the right for various reasons. Firstly, an increase in production efficiency and capacity can lead to an increase in the supply of index cards.

This means that producers can manufacture more index cards with the same amount of resources and at a lower cost, which leads to an increase in the quantity supplied. Another reason for a shift in supply could be an increase in the number of firms producing index cards. This would increase competition in the market and lead to an increase in the supply of index cards. Similarly, if the cost of raw materials used to produce index cards decreases, then producers would be able to supply more index cards at a lower cost, leading to a shift in supply to the right. External factors can also impact the supply of index cards. For instance, if the government introduces policies that incentivize producers to produce more index cards, such as tax breaks or subsidies, then the supply would shift to the right. In conclusion, the supply of index cards can shift to the right due to an increase in production efficiency and capacity, an increase in the number of firms producing index cards, a decrease in the cost of raw materials used to produce index cards, and external factors such as government policies that incentivize producers.

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D) carryover effect is the phenomenon where the effects of an advertising campaign persist beyond its immediate run and influence consumers' attitudes and behaviors over time.

The carryover effect recognizes that advertising has a cumulative effect on consumer behavior and that the benefits of advertising may not be immediately apparent, but can accrue gradually over time. The carryover effect is an important concept in advertising, as it emphasizes the need for consistency and continuity in advertising campaigns, and suggests that the benefits of advertising should be evaluated over a longer time frame rather than in the short term. The carryover effect is an important concept in marketing and advertising. It suggests that the impact of an advertising campaign can persist beyond its immediate run, and that the benefits of advertising can accrue over time. The carryover effect is often used to explain the long-term effects of advertising on consumer behavior, and highlights the need for consistency and continuity in advertising campaigns.

One way to measure the carryover effect is through tracking studies, which monitor changes in consumer attitudes and behaviors over time. Tracking studies can help marketers and advertisers understand how advertising affects consumer behavior in the short and long term, and can be used to evaluate the effectiveness of advertising campaigns over time.

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Front-line workers, such as salespeople, are often the ones who interact directly with customers.

Empowering these workers is crucial because they can provide valuable insights into the needs and preferences of customers. By giving them the tools and resources, they need to excel in their roles, organizations can improve customer satisfaction, increase sales, and build long-term relationships with their customers. In addition, empowered front-line workers can also help to identify potential problems or areas for improvement within the organization, which can lead to more efficient and effective processes. Overall, empowering front-line workers is an important strategy for organizations that want to build strong relationships with their customers and improve their bottom line.

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The answers are a. Accounts receivable turnover: 18.0; b. Number of days' sales in receivables: 20.3 days.

To calculate (a) accounts receivable turnover and (b) the number of days' sales in receivables, we will use the following formulas:

a. Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
b. Number of Days' Sales in Receivables = 365 / Accounts Receivable Turnover

Given the information provided:
Net Sales = $932,940
Average Accounts Receivable (Net) = $51,830

Now we can calculate:

a. Accounts Receivable Turnover = $932,940 / $51,830 ≈ 18.0

b. Number of Days' Sales in Receivables = 365 / 18.0 ≈ 20.3 days

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The acid-test ratio for ABC is approximately 2.18.

To calculate the acid-test ratio, also known as the quick ratio, you need to consider the following current assets: cash, receivables, and other current assets, but exclude inventory. The formula for the acid-test ratio is:

Acid-Test Ratio = (Cash + Receivables + Other Current Assets) / Current Liabilities

Let's calculate it based on the given amounts:

Current Assets:

Current Liabilities:

Accounts Payable = $98 million

Now, let's calculate the acid-test ratio:

Therefore, the acid-test ratio for ABC is approximately 2.18.

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Monopolistic competition differs from perfect competition in that monopolistically competitive firms differentiate their products.

This means that they offer products that are slightly different from those of their competitors, either through branding, design, quality, or other factors. This differentiation allows firms to charge a slightly higher price for their products, creating a degree of market power that is absent in perfect competition.

In contrast, perfect competition assumes that all firms offer identical products and cannot charge a higher price than their competitors. Additionally, monopolistically competitive firms face competition from many other firms, but they do not necessarily face significant barriers to entry, as is the case with monopolies.

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If many consumers in the marketplace are familiar with a brand and have an opinion about the brand, then the brand has considerable awareness and equity.

This means that the brand has built a strong reputation and is recognized by consumers.

This is valuable for the brand because it can lead to increased sales and customer loyalty.

Additionally, if the brand wants to expand its offerings, it can use extension strategies to introduce new products or services that align with its brand image.

Co-branding and integration with other brands can also be effective ways to leverage the brand's equity and reach new audiences.

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Answer:

Transportation, communications,  the financial sector, and the policies of countries made trade between two countries difficult.

Explanation:

1.Why countries trade:

In one of the most important concepts in economics, Ricardo observed that trade was driven by comparative rather than absolute costs (of producing a good). One country may be more productive than others in all goods, in the sense that it can produce any good using fewer inputs (such as capital and labor) than other countries require to produce the same good.

2.Why trade reform is difficult:

Trade contributes to global efficiency. When a country opens up to trade, capital and labor shift toward industries in which they are used more efficiently. That movement provides society a higher level of economic welfare. However, these effects are only part of the story.

Often hardest hit are less developed countries, whose exports are concentrated in low-skill, labor-intensive products that industrialized countries often protect.

The United States, for example, is reported to collect about 15 cents in tariff revenue for each $1 of imports from Bangladesh (Elliott, 2009), compared with one cent for each $1 of imports from some major western European countries.

The World Trade Organization (WTO) referees international trade. Agreements devised since 1948 by its 153 members promote nondiscrimination and facilitate further liberalization in nearly all areas of commerce, including tariffs, subsidies, customs valuation and procedures, trade and investment in service sectors, and intellectual property.

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If I were concerned that my client had recorded revenues that didn't occur, I would assess the audit objective of "accuracy" as having a high risk of material misstatement.

This objective refers to the accuracy and completeness of the financial statements and involves ensuring that all transactions are recorded in the appropriate amounts and that all account balances are correctly stated.

In the case of recording revenues that didn't occur, the accuracy of the financial statements would be compromised, leading to material misstatements. This risk would be particularly high if the client's revenue recognition policies were not properly applied or if there was inadequate documentation to support the revenues recorded.

As an auditor, I would assess the client's internal controls over revenue recognition and perform substantive procedures such as testing the completeness and existence of revenue transactions.

This would help me to identify any potential misstatements in the financial statements and to provide assurance to stakeholders that the financial statements are accurate and reliable.

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The quality score of an ad is an important metric used by adwords system to determine how useful an ad message is to the consumer doing the search. This score is calculated based on a number of factors including the relevance of the ad to the search query, the quality of the landing page, and the historical performance of the ad.

For the consumer, a high quality score means that the ad they are seeing is likely to be relevant to their search and provide valuable information or solutions. This helps to ensure a positive experience for the user, which is important for mission of providing the most useful and relevant results for each search. For advertisers, the quality score is also important as it can directly impact the cost and effectiveness of their ads. A higher quality score typically leads to lower costs per click and higher ad positions, which can result in more clicks and conversions. Advertisers are encouraged to focus on improving their quality score by creating relevant and high-quality ads, optimizing their landing pages, and targeting their ads to the most relevant audiences. Overall, the quality score is a key factor in ensuring a positive experience for both the consumer and the advertiser, and plays an important role in the effectiveness of adwords system.

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The horizontal component of the reaction force at A is zero, the vertical component is 483 lb, and the angular acceleration of the plate is 64.48 rad/[tex]s^2.[/tex]

To solve this problem, we need to use the principles of statics and dynamics. The first step is to draw a free body diagram of the plate, showing all the forces acting on it.

We can represent the plate as a point mass located at the center of gravity, and assume that the suspension pin at A is frictionless. The weight of the plate acts downward at the center of gravity, and its magnitude is given by:

W = m*g = 15 lb * 32.2 ft/[tex]s^2[/tex] = 483 lb

where m is the mass of the plate and g is the acceleration due to gravity.

The reaction force at A can be resolved into horizontal and vertical components, denoted as [tex]R_Ax[/tex] and[tex]R_Ay[/tex], respectively. Since the plate is initially at rest, the sum of forces in both horizontal and vertical directions must be zero:

Σ [tex]F_x = R_Ax = 0[/tex]

Σ [tex]F_y = R_Ay - W = 0[/tex]

Solving for [tex]R_Ay,[/tex]we get:

[tex]R_Ay[/tex] = W = 483 lb

Solving for [tex]R_Ax,[/tex] we get:

[tex]R_Ax[/tex]= 0

This means that the reaction force at A has no horizontal component, and the plate will not move horizontally.

To determine the angular acceleration of the plate, we need to apply the principle of moments. The moment of the weight about the suspension pin at A is given by:

M_A = r*W

where r is the distance from the center of gravity to the suspension pin. For a uniform circular plate, this distance is equal to the radius of the plate, denoted as R:

r = R = 0.5 ft

Substituting the values, we get:

M_A = R*W = 0.5 ft * 483 lb = 241.5 lb-ft

The moment of the reaction force at A is also equal to the moment of the inertial force, which is the product of the mass moment of inertia and the angular acceleration. For a uniform circular plate rotating about its center of gravity, the mass moment of inertia is given by:

I_G = m*[tex]R^2[/tex]/2

Substituting the values, we get:

I_G = 15 lb*(0.5 ft)[tex]^2/2[/tex] = 3.75 lb-f[tex]t^2[/tex]

The moment of the inertial force is given by:

M_I = I_G*α

where α is the angular acceleration of the plate.

Setting the moment of the inertial force equal to the moment of the weight, we get:

M_A = M_I

RW = I_Gα

Substituting the values, we get:

0.5 ft * 483 lb = 3.75 lb-f[tex]t^2[/tex] * α

Solving for α, we get:

α = 64.48 rad/[tex]s^2[/tex]

Therefore, the horizontal component of the reaction force at A is zero, the vertical component is 483 lb, and the angular acceleration of the plate is 64.48 rad/[tex]s^2[/tex].

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Full Question

The 15-lb circular plate is suspended from a pin at A. If the pin is connected to a track which is given an acceleration a_A = 5ft/[tex]s^2,[/tex] determine the horizontal and vertical components of reaction at A and the angular acceleration of the plate. The plate is originally at rest.

A switch to activity-based costing (ABC) would be suggested by the following factor: 2) overhead costs constitute a significant portion of total costs.

Activity-based costing (ABC) is a cost accounting method that assigns indirect costs to products based on the activities that drive those costs.

ABC is often used when traditional costing methods are not accurate or relevant.

One factor that would suggest a switch to ABC is if overhead costs constitute a significant portion of total costs. This is because ABC allows for a more accurate allocation of overhead costs to specific products, which can help in identifying areas for cost reduction.

Another factor would be if the manufacturing process has been stable, as this means that the activities and costs associated with each product are likely to be consistent over time.

Additionally, if production managers use data provided by the existing system, ABC can provide more detailed and accurate information for decision-making.

However, if product lines have similar volume and manufacturing complexity, traditional costing methods may still be sufficient.

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A few years ago, when Nike was charging $140 for a pair of jogging shoes, the company was using a strategy of prestige pricing.

Cost-based pricing is a pricing strategy where the price of a product is based on the cost of producing it, plus a markup for profit. Target pricing involves setting a price based on the perceived value of the product to the customer and the price that customers are willing to pay. Over-the-top pricing is a term used to describe pricing strategies that charge a premium price for a product or service that is perceived as being of higher quality or luxury. Finally, prestige pricing is a strategy where a higher price is charged for a product or service to create a perception of higher quality and exclusivity.

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The following is not a good or valid test of the competitive power of a resource strength or capability: Do many or most rivals have much the same resource or capability? The answer is C.

Do many or most rivals have much the same resource or capability? This is not a valid test of competitive power because having the same resource or capability as rivals does not necessarily mean that it is not valuable.

A resource strength or capability may still provide a competitive advantage if a company can utilize it more effectively or efficiently than its rivals.

The other options (A, B, and D) are valid tests as they evaluate the competitive value, potential to be surpassed by rivals, and the difficulty to copy the resource or capability, all of which contribute to its overall competitive power.

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Complete question:

Which one of the following is not a good or valid test of the competitive power of a resource strength or capability?A. Can the resource strength be trumped by the different resource strengths and competitive capabilities of rivals?

B. Does the resource strength or capability have competitive value?

C. Do many or most rivals have much the same resource or capability?

D. Is the resource or capability hard to copy? Does the resource strength act to boost buyer loyalty to the company's product and help grow revenues and profits?

The correct answer is B) economy of scale. This concept refers to the main idea that as the level of production increases, the cost per unit of a good or service decreases.

This is due to the fact that fixed costs (such as rent, equipment, and salaries) are spread out over a larger number of units, resulting in a lower cost per unit. In conclusion, understanding the concept of economy of scale is important for businesses to optimize their production and achieve cost savings in the long run. This is a long answer, but it covers all the necessary terms and provides a clear explanation of the concept.
The correct term that describes the situation where the cost per unit of a good or service declines as the level of production increases is: B) Economy of Scale The main idea behind the economy of scale is that as production levels increase, the average cost per unit decreases. This is due to the spreading of fixed costs over a larger number of units and the increased efficiency of production processes. In conclusion, when a company experiences economies of scale, it becomes more cost-effective and competitive in the market.

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You would need to deposit RM1,460.61 at the end of each year for 17 years to accumulate RM45,000 for your child's Law School fund. You would need to deposit a lump sum of RM14,434.07 today to accumulate RM45,000 for your child's Law School fund.

For i), we can use the formula for the future value of an annuity:

FV = PMT x ((1 + r)ⁿ - 1) / r

where FV is the future value, PMT is the equal deposit amount, r is the annual interest rate, and n is the number of deposits.

We know that FV = RM45,000, r = 6.5% or 0.065, and n = 17. Solving for PMT, we get:

PMT = FV x r / ((1 + r)ⁿ - 1) = RM1,460.61

Therefore, for a total of 17 years, you would need to put aside RM1,460.61 at the end of each year to amass RM45,000 for your child's law school fund.

For ii), we can use the formula for the future value of a lump sum:

FV = PV x (1 + r)ⁿ

where FV is the future value, PV is the lump sum deposit amount, r is the annual interest rate, and n is the number of years.

We know that FV = RM45,000, r = 6.5% or 0.065, and n = 17. Solving for PV, we get:

PV = FV / (1 + r)ⁿ = RM14,434.07

Therefore, to amass RM45,000 for your child's law school fund, you would need to deposit a lump payment of RM14,434.07 today.

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When a company wants to enter the global market without incurring heavy start-up costs, creating a successful brand and penetrating a new market with low risk, they are engaging in international franchising.

International franchising is a form of business expansion in which a company (the franchisor) grants the rights to use its brand, products, and processes to another company (the franchisee) in a foreign market. The franchisee pays the franchisor for the right to use the brand and receives support and guidance on how to operate the business. In return, the franchisor receives a percentage of the franchisee's profits.

International franchising can be an effective way for companies to enter new markets with relatively low risk and low start-up costs, as the franchisee is responsible for most of the initial investment and ongoing operational expenses. Additionally, the franchisee's local knowledge and expertise can help the franchisor navigate cultural and regulatory differences in the new market. However, international franchising also involves giving up some control over the brand and operations, and can be subject to challenges such as language barriers and cultural differences.

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The question of reliability of a multiple regression depends on A) internal and external validity, not the quality of your statistical software package.

Regression analysis is a statistical method used to identify the relationship between two or more variables, and the reliability of this analysis depends on the validity of the data used and the methods used to collect it. The statistical software used is only a tool to perform the analysis and does not affect the reliability of the results.

Reliability in multiple regression is linked to both internal and external validity. Internal validity refers to the degree to which the results of a study are trustworthy and accurate within the study itself. External validity refers to the degree to which the results can be generalized to other populations, settings, or conditions.

Using appropriate statistical software can help ensure the proper analysis of the data, but it is the researcher's responsibility to ensure the validity of the study.

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The answer is True. A differential backup only saves the files that have been modified since the last full backup, which means it requires less storage space and less time to perform than a full backup.

A data backup known as a differential backup copies all of the files that have changed since the previous full backup.

This includes any data that has been added, updated, or changed in any way, even if it does not always copy all of the data.

A differential backup only archives the files that have been modified that day, and as a result, it requires less space and time than a full backup.

Hence, the answer is true.

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To obtain a salesperson license in Arizona, an individual must complete a total of 90 hours of approved qualifying education. The process involves the following steps:

Complete 90 hours of pre-licensing education from an approved real estate school. Pass the school's final examination. Apply for and take the Arizona salesperson license exam with a testing center.

Pass both the national and state portions of the exam. Apply for the Arizona salesperson license through the Arizona Department of Real Estate (ADRE). Complete the required fingerprinting and background check process.

By fulfilling these requirements, an individual can successfully obtain a salesperson license in Arizona.

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The true statement about the 80-20 rule is eighty percent of a company's income comes from 20 percent of its products. Option B is correct.

The 80-20 rule, also known as the Pareto principle, states that roughly 80% of effects come from 20% of causes. In business, this principle is often observed as 80% of a company's income comes from 20% of its products, services, or customers.

This means that a company should focus its resources on the most profitable products, services, or customers, and not waste resources on the less profitable ones. By doing so, the company can increase its overall profitability and efficiency.

Therefore, option B is correct.

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Synergy refers to value achieved through the combination of market entry, risk sharing, and learning potential that is greater than what the firm could have done alone. The correct option is C.

Synergy refers to the concept of two or more entities working together to create a combined effect that is greater than the sum of their individual efforts. In business, synergy is often achieved through strategic partnerships, mergers, or acquisitions. This combination can lead to increased market entry, reduced risk through shared resources, and greater learning potential through knowledge sharing and collaboration.

For example, if two companies in the same industry with complementary strengths were to merge, they could achieve synergies that result in increased market share, reduced costs, and improved innovation. The concept of synergy is closely related to the idea of scale economies, which refers to the cost savings achieved when a firm increases production and spreads fixed costs over a larger output.

In essence, synergy is the value created through the combination of multiple factors, including shared risk, learning potential, and scale economies, that would not have been possible if the firms were operating independently. The correct option is C.

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