Robert Buttrick suggests that organizations need to follow basic principles of project management, like:
1. Making sure your projects are driven by your strategy
2. Engaging your stakeholders.
Who is Robert Buttrick?Robert Buttrick is an independent and respected portfolio, program, and project management expert who specializes in business-driven methodologies, procedures, and standards.
What is project management?Project management is the process of managing a team's effort to fulfill all project goals within the limits set.
This data is often specified in project documentation, which is prepared at the start of the development process. Scope, time, and budget are the key restrictions.
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Full Question:
Fill in the missing details:
Robert Buttrick suggests that organizations need to follow basic principles of project management, like:
A) __________________________________; and
B)___________________________________
The primary reason for adopting total quality management (tqm) is to achieve? reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
The primary reason for adopting total quality management (tqm) is to achieve greater customer satisfaction reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
What is customer satisfaction?
Customer satisfaction (CSAT) is a metric for gauging how well a company's goods, services, and general customer experience live up to expectations. By demonstrating how well your goods or services are received by customers, it represents the health of your firm. You must welcome consumers and speak to them in a way that is natural and appropriate for the given circumstance if you want to develop strong customer relationships.
Therefore,
The primary reason for adopting total quality management (tqm) is to achieve greater customer satisfaction reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
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The total annual income received by residents of a single nation is reflected in which official measure?.
The total annual income received by residents of a single nation is reflected in Gross national income.
What is Gross National Income?Gross National Income (GNI) is a metric used to determine a nation's income. It covers all domestic and international earnings from enterprises, residents, and other sources. All employee compensation, along with investment gains, is referred to as income.
Any additional product taxes are included in GNI, excluding subsidies. Only residents who work overseas are included in the calculation; foreigners who live and work in the country are not. It excludes the shadow or black economy, just like GDP does.
While there are a few uses for GNI, it is mostly used to classify and group economies using purchasing power parity and the per capita technique to compare the living standards of various nations.
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Simple majority voting sometimes leads to projects being undertaken whose costs are greater than the benefits. how is this possible? group of answer choices
Simple majority voting sometimes leads to projects being undertaken whose costs are greater than the benefits. This is possible because voters have no way to express the intensity of their preferences.
The majority rule is a choice rule that selects options that have a majority, this is, greater than half the votes. It is the binary decision rule used most customarily in influential decision-making bodies, together with many legislatures of democratic countries.
Condorcet's most popular contributions to political technological know-how are Condorcet's voting Paradox and the Condorcet technique. Condorcet's Paradox takes place while "majority regulations" in reality fails.
When a Condorcet technique is used to determine an election, the vote casting paradox of cyclical societal alternatives implies that the election has no Condorcet winner: no candidate who can win a one-on-one election against every other candidate.
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If a company closes any underapplied or overapplied manufacturing overhead to the cost of goods sold account, then cost of goods sold will be debited if manufacturing overhead is overapplied for the period. True or false?.
Underapplied or Overapplied manufacturing overhead to the cost of goods sold account, then cost of goods sold will be debited if manufacturing overhead is not overapplied for the period. false
Manufacturing:
Manufacturing is the process of generating or producing goods through the use of machinery, labour, machineries, tools, and chemical or biological processing or formulation. It is the basis of the secondary sector of the economy. The term can refer to a wide variety of human activity, from handmade to high-tech, but it is most commonly used in reference to industrial design, which involves the large-scale transformation of raw materials from the primary sector into completed commodities. Such commodities may be sold to other manufacturers for use in the construction of more complex products, or they could be distributed to end users and consumers via the tertiary industry (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
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Federal orders imposing costs on state and local governments without reimbursement are known as?
Federal orders imposing costs on state and local governments without reimbursement are known as Regulations. A regulation is a declared law. In the government, several administrative agencies have limited jurisdiction to regulate behaviour within their purviews.
What is Regulation?The majority of service and infrastructure companies have historically been monopolies by nature or by law. Where it is much more effective for one supplier to offer services, like a water utility, a natural monopoly develops. A provider who has been given the exclusive legal right to offer services is said to have a legal monopoly.
There is a chance that consumers will be negatively impacted by the monopoly supplier in any circumstance of monopoly supply, whether it involves the private sector or not.
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an organization uses a formula to compute the reorder quantity of an item in inventory. this is an example of a(n) decision process.
An organization uses a formula to compute the reorder quantity of an item in inventory. this is an example of a(n) Structured decision process.
This is further explained below.
What is a Structured decision process.?Generally, The method of structured decision-making is a strategy for conducting an in-depth and well-organized study of management choices pertaining to natural resources.
In conclusion, SDM is not a method that is rigorously specified for the process of issue solving; rather, it is an approach that is founded on decision theory and risk analysis and comprises a straightforward collection of ideas and useful activities.
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Suppose that both of the events you have just analyzed are partly responsible for the decrease in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the decrease in the price of hamburgers?.
If the equilibrium quantity of hamburgers increases, then the supply shift in the market for hamburgers must have been larger than the demand shift.
The demand curve shifts to the correct. It occurs because people change by reversal to consuming pizza rather than hamburgers. With the new demand curve and also the given supply curve, the new equilibrium price increases.
A decrease in demand and a rise in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity can not be determined. For any quantity, consumers now place a lower value on the price, and producers are willing to just accept a lower price; therefore, price will fall.
The demand curve shifts to the proper. It occurs because people turn to consuming pizza rather than hamburgers. Pizza and hamburgers are substitute goods. When the worth of substitutes decreases then demand for goods decreases similarly.
So, if the value of hamburgers has decreased then this can lead to decrease in demand for pizza. Given the provision of pizza, this decrease in demand for pizza will end in an increase within the price of pizza.
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If the assets of a business increased $109,000 during a period of time and its liabilities increased $77,000 during the same period, equity in the business must have?
When everything else is equal, a company's equity will rise along with its assets, and vice versa.
Increased $32,000.
$109,000-$77,000=$32,000.
Equity will drop if obligations are increased, however equity will rise if liabilities are decreased, for as by paying off debt. Modern accounting techniques are based on these fundamental ideas.
Liabilities reduce the value of and equity in your organization, but assets create value and raise equity. Your company's financial health is greater the more assets it has compared to liabilities. Both the asset (inventory) and liability (accounts payable) accounts grow as a result. An insolvent person is one whose assets are higher than or equal to their liabilities.
The net difference between a company's entire assets and its total liabilities is known as a company's equity, or shareholders' equity. In fundamental analysis, a company's equity is used to calculate its net worth. A company's total equity is calculated by deducting its liabilities from its assets. The balance sheet, one of a company's financial statements, contains the data needed for this calculation.
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suppose that in a given country from one year to the next, the general price level rises while the quantity of goods produced also rises. what can we determine about the values of nominal and real gdploading...?
The values of nominal and real GDP will rise but the value of nominal GDP would rise more than that of real GDP
What is real and nominal GDP?
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Nominal GDP is the GDP that is calculated using current year prices. If the prices in the economy is rising and the quantity of goods produced is also rising, then nominal GDP would increase.
Real GDP is the GDP of a country that is calculated using base year price. Real GDP is not calculated using current year prices. Thus, it has been adjusted for inflation. If the quantity of goods and services being produced rises, it means that Real GDP would also increase.
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When an upscale grocer opened a store in a neighborhood of chicago that suffered from vacant buildings and a high crime rate—it charged lower prices on certain staple foods, including eggs and dairy, as part of its effort to?.
Charging lower prices on certain staple foods, including eggs and dairy, as part of its effort to eliminate food deserts for nutritional consumption.
Individuals' shopping habits, nutritional consumption, and weight status may be influenced by the availability and cost of healthful goods at grocery shops. The purpose of this study was to determine if store size or neighbourhood demographics have an effect on the availability and cost of healthy items in a sample of supermarkets and grocery shops. In 2008, a multi-site (Vermont and Arkansas) research evaluated 42 grocery shops using the Nutrition Environment Measures Study-Store (NEMS-S) instrument, a standardised observational survey. The area surrounding the business was described using census data from the store census tract (median household income and percentage of African Americans), and the size of the store was determined by the number of cash registers.
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The _____ in a limited partnership has(have) limited involvement in the business and suffer loss only to the extent of their business investments.
The limited partners in a limited partnership have (have) limited involvement in the business and suffer loss only to the extent of their business investments.
Limited partners participate in profits and losses without having to participate in the business itself. Each partner is separately responsible for the debts and liabilities of the company. If the company does not have sufficient assets to pay its business debts, creditors can take over the personal assets of the shareholders.
The difference between a limited partnership and an LLLP is that the responsibilities of the general partner of an LLLP are the same as those of the limited partner. This means that all partners' liability is limited to their investment in the company.
Owners are personally responsible for the company's debts, losses, and liabilities. Sole proprietors are not taxed separately from their owners. All gains and losses are treated like pass-through units. A partnership is formed when a company has two or more owners.
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Which department of homeland security division is not a focus of hsarpa efforts?
S&T's Homeland Security Advanced Research Projects Agency of homeland security division is not a focus of hsarpa efforts.
Studies is "creative and systematic work undertaken to increase the stock of know-how". It includes the collection, organisation and analysis of facts to growth information of a subject or issue. A studies mission may be a variety on past paintings within the subject.
Research is described because the creation of new knowledge and/or the use of current understanding in a brand new and creative manner on the way to generate new standards, methodologies and understandings. this could include synthesis and analysis of preceding studies to the volume that it ends in new and innovative outcomes.
Research is a device by using which they can check their personal, and each others' theories, with the aid of using this antagonism to discover a solution and improve understanding.
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E connective tissue type that has a distinctive population of cells suspended in a fluid matrix is called?
A connective tissue type that has a unique population of cells suspended in a fluid matrix is called: Blood is a connective tissue that has a fluid matrix, referred to as plasma.
The fluid part of complete blood, its matrix, is generally referred to as plasma. it's miles a tissue due to the fact it is a group of similarly specialized cells that serve precise functions. these cells are suspended in a liquid matrix that's known as plasma, subsequently, the fluid matrix of blood is known as plasma. solve any question about body Fluids and movement with:- styles of issues.
Blood is the simplest liquid tissue inside the frame that measures approximately five liters in the adult human and debts for eight percent of the frame weight. The body includes metabolically energetic cells that want a continuous delivery of nutrients and oxygen. a person whose fluid -- additionally called gender fluid -- is someone whose gender identity (the gender they pick out with maximum) isn't always constant. daily exchange over the years or from. Fluid is a form of gender identity or gender expression, in preference to orientation.
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while consumers often seem irrational in their behavior when making purchase decisions, all consumers follow a process. their ultimate goal of relieving the tension caused by unsatisfied needs is achieved by following a stepwise process of problem solving. different consumers spend different amounts of time on each step of the consumer decision process based on the nature of the problem and the experience they have trying to solve a particular problem.
People's perceptions of the benefits and risks of a given technology are crucial to their acceptance of it and, consequently, to their willingness to use it.
It has been suggested that customers' views are commonly created based on heuristics and biases, or other characteristics like trust or affect, due to resource limitations. Heuristics reveal that although some consumer actions seem illogical, they are actually quite predictable.Prior to the development of scientific risk analysis, people used 'intuitive toxicology,' or the use of the senses to identify toxicological dangers. Consumer product ingredients, like food additives and cleaning products, are subject to extensive risk assessment, but the procedures are complicated and there is ongoing debate about the degree of uncertainty involved. Additionally, there is a wealth of false information about these purportedly dangerous chemicals available on the internet.Thus this is the answer.
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which choice best describes why it is important to incorporate the requirements into the project scope statement?
It is important to incorporate the requirements into the project scope statement because without it project managers would have no clue what time, cost or labor was involved in a project.
What is project scope statement ?
To guarantee that teams deliver their work on schedule and to specification, a project management plan is essential. However, before project managers can create a thorough strategy and a project team can carry out that plan, everyone must understand what work has to be done and why it is crucial.
The project scope statement enters the picture in this situation. The work that must be done in order to complete a project on schedule and within the authorized budget is thoroughly described in the project scope statement. The project's goals and its results, such as a product that a corporation is releasing to the market or analysis that leadership will use to make an informed business choice, are also listed in the document.
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the purpose of marketing theory is to generalize relationships between concepts in a way that is applicable to a wide variety of business and often other settings.
The managerial function of marketing coordinates and directs all company operations related to determining and converting client purchasing power. Following a set of organized steps is necessary for marketing research in order to provide accurate and valid data. Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management.
Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the choices to be made.
Because it directs managers' day-to-day decisions, the marketing notion is a crucial philosophy for marketing managers. Because it constantly has the consumer in mind, the marketing notion has been acknowledged as the "correct mindset" for a long time.
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a local university offers business courses for a target market of people who currently work and want to take refresher courses for certification in their business field (marketing, accounting, etc.). what would be the most effective way to communicate with the target market, bearing in mind that communication must be both effective and economical?
a local university gives business publications for a goal marketplace of individuals who presently work and need to take refresher guides for certification of their business discipline (marketing, accounting, and so forth.). it would be the handiest manner to speak with the target marketplace, bearing in mind that conversation has to be each powerful and in your price range: advertise in the local newspaper.
Accounting also referred to as accountancy, is the dimension, processing, and communication of monetary and nonfinancial information about monetary entities along with organizations and organizations. Accounting is the process of recording financial transactions relating to a commercial enterprise
Accounting is a term that describes the method of consolidating monetary records to make them clean and comprehensible for all stakeholders and shareholders. the main intention of accounting is to document and document an agency's financial transactions, financial overall performance, and cash flows. whilst accounting does require a complicated set of capabilities and skills, as well as notable attention to detail, it certainly isn't always any extra hard than among the different famous fields of observation that result in excellent lifelong profession possibilities.
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What is the benefit of filing a tax return even if you didn’t make enough money?.
The benefit of filing a tax return even if one did not make enough money to qualify for tax is because of Withheld Taxes.
What are Withheld Taxes?Tax withholding is income tax that is paid to the government by the payer of the income rather than by the recipient of the payment. It is also referred to as tax retention, Pay as You Go, Pay as You Earn, or a Prélèvement à la source. Thus, the tax is either withheld from or subtracted from the recipient's due income. The amount of income tax withheld from your paycheck is what your employer deducts on your behalf. The changes to the tax code may impact your withholding. In addition, Federal Income Tax Withheld from W-2 represents the amount of federal tax that was deducted from your salary and forwarded to the IRS by your employer. The latter sum is used to pay your federal income tax, which is the earlier amount. The amount withheld may exceed or fall short of the computed tax amount.
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Ou want to form a portfolio of stock a and stock b. stock a has a beta of .85 and stock b has a beta of 1.6. if you invest $6,000 in stock a and $4,000 in stock b, what is the portfolio beta?
The portfolio beta, in this case, is 1.15 since it is a weighted average of the individual betas.
Including closed-end funds and exchange-traded funds, a portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents (ETFs). Most people think that a portfolio core consists of bonds, equities, and cash.
A weighted average of the betas of the different equities makes up the portfolio beta, as was previously explained.
As a result, it is calculated as:
= (Beta of stock A x Weight of stock A) + (Weight of stock B x Beta of stock B)
How to solve:
= (6,000 / (6,000 + 4,000) x 0.85) + (4,000 / (6,000 + 4,000) x 1.6)
= 0.51 + 0.64
= 1.15
The portfolio beta is 1.15, to sum up.
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In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of___________ decision making.
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.
It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
Rational decision-making examples include:
● A student chooses what to study in his post-secondary education.
● A commercial choice regarding what to buy for the company.
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Interest charges on customer debit balances are based on the? a prime rate b federal funds rate c treasury bill rate d broker loan rate
Interest charges on customer debit balances are based on the broker loan rate as recommended from time to time by the broker of the account. Therefore, the option D holds true.
What is the significance of interest charges?The interest charges can be referred to or considered as the rate at which interest is levied on the debit balance in the margin account held under the name of a customer. It is always chargeable as per the recommendations of the broker loan rate.
Therefore, the option D holds true and states regarding the significance of interest charges.
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when planning a trip and making a decision to drive or take the train, the cost of car repairs and maintenance is a(n)
The cost of car repairs and maintenance is a relevant when planning a trip and making a decision to drive or take the train
The phrase "relevant cost" in managerial accounting refers to avoidable costs that are only incurred in connection with specific business activity. In order to eliminate unnecessary information that can make judgments harder, the concept of relevant cost is used. Consider the decision of whether to sell or keep a company unit using relevant cost as an example.
A sunk cost is the antithesis of a relevant cost; it has already been paid for regardless of how the current choice turns out.
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the hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
The Hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
Disagree; This is a violation of the periodicity assumption
A corporation is an enterprise—normally a set of people or a corporation—authorized by means of the kingdom to act as a unmarried entity and diagnosed as such in regulation for positive functions. Early integrated entities were established via charter. maximum jurisdictions now permit the advent of new corporations via registration.
A organization, sometimes called a C corp, is a legal entity it's cut loose its proprietors. agencies can make a earnings, be taxed, and may be held legally accountable. companies offer the most powerful safety to its owners from private liability, but the price to shape a organization is better than other systems.
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during its first year of operation, cade company experienced the following events. (1) issued common stock for $7,000 cash. (2) earned $5,000 of cash revenue. (3) paid $3,000 of cash expenses. (4) paid cash dividends amounting to $1,000. before closing on december 31, the balance in the retained earning account would be
Before closing on December 31, the balance in the retained earning account would be $1,000
What are retained earnings?
Retained earnings are earnings retained in the business out of the net income, which are not paid to shareholders as dividends, in other words, the retained earnings can be ascertained as the net income of the company made in the year minus the portion of net income paid to stockholders as dividends.
retained earnings=net income-dividends
net income=cash revenue-cash expenses
cash revenue=$5,000
cash expenses=$3,000
net income=$5,000-$3,000
net income=$2,000
cash dividends=$1000
retained earnings=$2,000-$1,000
retained earnings=$1,000
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nning to finance higher education helps people prepare for their financial future because it teaches them aboutloans and interest.savings accounts.filing taxes.short-ter
Planning to finance better schooling helps people put together their monetary destiny because it teaches them approximately loans and interest. financial savings accounts: finances management and loans.
Finance, of financing, is the manner of elevating the price range or capital for any type of expenditure. it's miles the method of channeling numerous price ranges in the shape of credit score, loans, or invested capital to the ones economic entities that maximum want them or can position them to the maximum effective use.
Enterprise finance is the investment a commercial enterprise needs for business purposes. it's miles the money commercial enterprise owners require to start, run or increase an enterprise. This finance can come from some distinct places.
The starting place of finance can be traced to the start of civilization. The earliest ancient proof of finance is dated to around 3000 BC. Banking originated within the Babylonian empire, where temples and palaces have been used as safe locations for the garage of valuables.
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the economists at jet consulting consider campbell’s soup to be an inferior good. during a recession, when the income in the economy is decreasing, economists at jet consulting would expect the demand curve for campbell’s soup to
Economists at jet consulting would expect the demand curve for campbell’s soup to shift to the right; increase; increase the above is the correct solution/answer to this situation.
The Demand Curve: What Is It?The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
Knowledge of the Demand CurveThe law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.
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an economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. empirical testing of this model would involve part 2
Empirical testing of this model would involve the collection of data to evaluate the usefulness of the model.
An economic model is a condensed description of reality that produces testable hypotheses about how the economy will behave. An key characteristic of an economic model is that, due to the lack of any objective metrics for economic results, its design must unavoidably be subjective.
Empirical testing is a type of research that makes use of both direct and indirect experience and observation.
A researcher bases their hypothesis on a certain theory they have about their research topic. The hypothesis or research topic is then used to generate a number of predictions by the researcher. A suitable test can then be used to check those predictions.
The answer to the research question or hypothesis will determine whether the hypothesis is accepted or denied.
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Heritage glass in rural tennessee expects 60 to 70 percent of its sales to come from regions outside of the united states including the philippines, europe, and south america. Heritage glass has a _____ vision.
The fact that Heritage glass expects most of its sales to come from outside the United States means that is has a Global Vision.
What is a global vision?A global vision for a company means that the company is looking towards purchasing and selling things on the global market.
This is what Heritage Glass hopes to do by selling most of its produces to regions that are outside of the United States. Having a global vision means that a company will have access to more customers but will also incur greater costs.
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the is where borrowers and mortgage lenders come together to create and negotiate the terms of a mortgage transaction.
The primary mortgage market is where mortgage originators and borrowers meet to discuss conditions and complete a mortgage transaction.
More about primary mortgage market:
The market where borrowers can get a mortgage loan from a principal lender is known as the primary mortgage market. The primary mortgage market is dominated by banks, mortgage bankers, mortgage brokers, and credit unions, who are all major lenders.
In the primary mortgage market, numerous stakeholders take part. There are many different loan originators who will work with the borrower to generate a real estate loan in addition to the fact that borrowers are undoubtedly in the market looking for money.
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your grandfather invested $2,000 in a stock 49 years ago. currently the value of his account is $208,000. what is his percentage compound rate of return over this period?
In a stock, your grandfather put $2,000 into it 49 years ago. His account currently has a $208,000 value. His compound annual return over this time period was 0.15%.
The compound return is a rate of return, typically stated as a percentage, that illustrates the cumulative impact that a number of gains or losses have over time on an initial quantity of capital. The annualized rate at which capital has compounded over time is what is indicated by the reported percentage of compound returns, which is how they are typically expressed. Compound annual growth rate is the name given to a compound return when it is presented in yearly terms (CAGR). The compound return is seen to be a far more accurate indicator of an investment's performance over time than the average return.
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