Gross domestic product understates the total production of final goods and services because of the omission of:_______.

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Answer 1

Due to the exclusion of the subterranean economy, gross domestic product understates total final goods and services production.

The monetary worth of all completed products and services produced inside a country over a certain time period is known as the gross domestic product.

GDP gives an economic snapshot of a country and is used to determine the size and growth rate of an economy. GDP may be computed using expenditures, output, or income in one of three methods. It may be adjusted for the inflation and the population to offer more detailed information.

The real GDP accounts for the consequences of the  inflation, whereas the nominal GDP does not. Despite its shortcomings, GDP is an important tool for the governments, the investors, and the  corporations to use when making the strategic decisions.

Therefore, the answer is  omission of underground economy.

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Related Questions

Inventory levels for firms using jit inventory systems compared to firms not using jit will be:_____.

Answers

Answer:

Lower for raw materials, work in process, and finished goods. Higher for both work in process and finished goods.

What is the cost of carry for:________
a) a non-dividend-paying stock
b) a stock index
c) a commodity with storage costs
d) a foreign currency.

Answers

The cost of carrying for a commodity with storage costs.

Storage costs are the amounts you incur to store your inventory. Costs are direct or indirect money spent on storing goods. Storage costs include space, rent, electricity, software, depreciation and warehouse staff costs.

Storage costs include warehousing costs, material handling costs, labor costs, and air conditioning costs. Therefore, the storage cost formula is: Storage cost = warehouse running cost + material handling cost + labor cost + air conditioning cost + (onsite cost x square foot area).

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A company decides to survey its employees about their job satisfaction. the company’s managers are responsible for delivering the surveys. the managers interview the employees they supervise face-to-face, asking the survey questions and writing down the responses. what is a source of bias in this sampling method?

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The source of bias in the face-to-face sampling method is"employees are less likely to tell their manager they are unhappy with their job."

What is face-to-face survey?

Face-to-face surveys, also known as F2F surveys, are a type of data collection that involves the study sample in order to conduct the interview in-person and observe the participants' behavior and responses in order to gather more data.

Many researchers favor this form of data collecting because it enables them to see the context in which their research population or sample functions and, in doing so, allows them to more thoroughly analyze their replies, for example while conducting field research.

Some advantages of face-to-face survey are-

The F2F survey gives you, as the interviewer, the opportunity to closely examine both the participants' verbal and non-verbal responses, allowing you to both observe and analyze their behavior.The fact that researchers can get a greater degree of response rate when conducting an F2F survey is another benefit.In a face-to-face study, researchers can take charge of the interview and ensure that participants are focused on filling the questionnaire, free from any distractions that might result from the lack of a facilitator.

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A business wants to acquire new customers and increase sales. Which strategy should the business select?

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Answer: The business should create a campaign with the Conversions objective. The Conversions objective is designed to drive valuable actions on your website, such as purchases through an ad.

A person who eats a granola bar form a vending machine is most likely making a food choice base on?

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A person who eats a granola bar form a vending machine is most likely making a food choice base on the availability of the food in the vending machine.

The person might have developed some food preference or other alternatives sidelined. The food choice made reflect the food beliefs, political beliefs and environmental concerns.

Effect of the food choices made and the food nutrients and value may also determine most likely to draw what vending machine offers. It also explores ones expenditures and income availability with a sense of use and maintain a budget which help fix one's choice alternatively.

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If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from their ma plan. True or false?.

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If a beneficiary is enrolled in a MA-only HMO and they also sign up for a PDP plan, they will be automatically dropped from their MA plan. The statement is True.

Who is a Beneficiary?A beneficiary  in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor.For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.The majority of beneficiaries may be set up to specify who gets the assets once the owner(s) pass away.The assets will likely go to the contingent beneficiaries, nevertheless, if the principal beneficiary or beneficiaries pass away or fail to meet the requirements.A benefactor may employ further limitations, such as the need that the recipients be married, or more inventive ones, in an effort to regulate their behavior. Trusts permit any limits that are not against the law or serve an unlawful goal, unlike some situations, such as retirement funds, which do not permit any restrictions once the primary beneficiaries pass away.

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Assume a project has normal cash flows. according to the accept/reject rules, the project should be accepted if the?

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Assume a project has normal cash flows. According to the accept/reject rules, the project should be accepted if the: IRR exceeds the required return.

Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential profitability of an investment. The IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in discounted cash flow analysts. This suggests that an expected angel investment IRR of at least 22% is considered a good IRR. The higher

the project's projected IRR and the higher the amount above its cost of capital, the more net cash the project brings to the firm. So in this case the project appears to be profitable and management should go ahead with it.

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Employee _______________ more readily occurs when employees are informed of the change and are educated on the reason for the change.

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Employee buy-in more readily occurs when employees are informed of the change and are educated on the reason for the change.

An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).

The definition of employee is someone who works for another person or company for wages or other agreed remuneration. An example of an employee is someone employed by McDonald's who is paid a fixed amount for each hour worked.

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Why would a contract for deed (installment sale contract) be attractive to certain buyers?

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A contract for deed (installment sale contract) is attractive to certain buyers because buyers can only make a small down payment with monthly installments. The Contract for Deed does not require conveyance (transfer) during the same year, but it often must meet certain requirements.

Installment Sales Contract refers to the associated fixed-rate retail installment sale contract for the purchase of machinery or equipment with relation to any relevant Receivable. Any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy residential real estate,

in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller retains an interest or security for the purchase price or otherwise in the property, is referred to as an "installment sales contract" or simply as "contract."

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Which product is an example of a consumer good? stock share in a tech company dog food for a pet boarding facility paint sprayer for an autobody shop gallon of milk to use in a bowl of cereal

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The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.

What are consumer goods?

Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.

The products are ate and mostly bought for personal use from a supermarket, store or exhibition.

Most of the consumer products can be consumed without any further processing.

Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.

Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.

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Answer:

Gallon of milk to use in a bowl of cereal

Explanation:

I got the question right

Suppose you are willing to pay $3 for an ice cream cone. the price at the local creamery is $1. 75. what is your consumer surplus?

Answers

Answer:1.25

Explanation:thats how much more you would of been willing to pay

Of the capital budgeting techniques discussed, which works equally well with normal and non-normal cash flows and with independent and mutually exclusive projects?.

Answers

Of the capital budgeting techniques, net present value works equally well with normal and non-normal cash flows and with independent and mutually exclusive projects.

What is net present value?The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning. The outcome of computations to determine the current value of a stream of payments in the future is NPV.

The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV. You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.

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The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.

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Free trade refers to a condition in which a country does not attempt to limit what its citizens can buy from or sell to another country.

Free trade

They can extend new markets, increase gross domestic product, and invite new acquisitions.Countries must negate the domestic advantages of free trade agreements with their results.

Under a free trade policy, goods and services can be purchased and sold across international borders with little or no government tariffs, quotas, grants, or prohibitions to inhibit their exchange. The idea of free trade is the opposite of economic isolationism.

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What is the effect on the money supply when you transfer $15,000 from your checking account to your savings account?

Answers

The Right and Valid Response is Option E i.e

Decrease M1; no effect on M2

M1 money supply includes those moneys that are very liquid such as cash, checkable (demand) deposits, and traveler's checks.

M2 money supply is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.

What is money supply ?The money supply is the total amount of money—cash, coins, and balances in bank accounts—in circulation. The money supply is commonly defined to be a group of safe assets that households and businesses can use to make payments or to hold as short-term investments.

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Correct Question - What is the effect on the money supply when you transfer $15,000 from your checking account to your savings account?

A) Decrease M1; increase M2

B) Decrease M1; decrease M2

C) No effect on M1; increase M2

D) No effect on M1; no effect on M2

E) Decrease M1; no effect on M2

Ama module a shared goal is considered crucial to an effective team. What does a shared goal mean?

Answers

Shared goals are those goals which  are the collective aspirations of actors and the are a great sense of shared destiny with others. Shared goals are that force which holds people together and allows all the  actors to coordinate their efforts and work together  for mutual benefit and helping each other. They are not just established and documented goals but a lot more than that.

Shared goals and shared purpose are generally determined as elements of the cognitive dimension of social capita.

The other dimensions of social capital  are the relational and structural dimensions. This concept of making difference between cognitive  structural, and relational dimensions, is one of the major approaches to social capital. This approach was systematically discovered  by Nahapiet & Ghoshal in 1998.

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Which business is required to complete schedule l, m-1, and m-2 to report balance sheet information on its return?

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A partnership is required to complete schedule l, m-1, and m-2 to report balance sheet information on its return. The section of Form 1065, U.S. Return of Partnership Income known as Schedule M-2. The sum of the amounts indicated in Part II, Item L of each partner's Schedule K-1 should match the amounts on Schedule M-2.

Because evaluating changes to capital accounts should be consistent with income reporting and the balance sheet, the IRS uses this area of the tax return to check the correctness of tax reporting (Schedule L). Analysis of Partner's Capital Accounts is where the partnership informs the IRS of the changes to the partners' capital accounts on the partnership's books and records.

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Question 5 of 12 A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Which type of policy would he most likely buy?

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A Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.

What is a Family protection policy?

This is a life insurance policy that covers the family for a certain number of years (the term) and pays a death benefit anyone die during the term or expires if they outlive the policy.

Therefore, the Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.

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Most leadership training programs concentrate on developing, maintaining, or enhancing individual attributes. this most accurately is an example of__________.

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Most leadership training programs concentrate on developing, maintaining, or enhancing individual leader attributes. this most accurately is an example of leader development.  

Although leader development does not have a single theory that it is based on, development theory draws on two components of development: learning and change. Learning is founded on two traditions: behaviorism, which advocates a permanent change in behavior after experience.

A leader cannot evolve without change taking place since development is a kind of change. Learning is the achievement of a lasting change in a person as a result of practice or experience, which in turn promotes change and development.

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A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is.

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A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is called a market survey.

What is a market survey?A market survey is a survey research and analysis of the market for a certain good or service that looks at consumer preferences. A review of various client capabilities, including investment characteristics and purchasing power. Market research surveys are instruments for directly obtaining feedback from the target market to comprehend their traits, expectations, and needs.For emerging goods and services, marketers create innovative and interesting strategies, but their efficacy cannot be guaranteed.

Marketers must identify the features and product categories that the target audiences would readily accept for these to be successful. By doing this, a new path can be guaranteed to succeed.

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Why doesn’t the voice of consumers get heard as clearly by texas legislators through the lobbying process?

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The voice of consumers gets heard as clearly by texas legislators through the lobbying process as there are no dedicated interest groups that focus on consumers among the biggest spending groups.

Lobbying” approach influencing or attempting to influence legislative action or nonaction via oral or written communication or an try to gain the goodwill of a member or worker of the Legislature.

Lobbying process, Lobbying takes an in-depth form of paperwork, depending on what sorts of issues prepared pursuits artwork for and whom they are attempting to persuade. Berry (1977) grouped diverse styles of lobbying into three stylish classes: direct lobbying, grassroots lobbying, and electoral lobbying.

Lobbying examples encompass conferences and discussions with authorities' representatives, influencing law via the manner of negotiating the info of an invoice, and pushing for presidential vetoes.

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After a customer has purchased a refrigerator, he was offered free delivery, installation, financing, and warranty. this is known as the _________

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After a customer has purchased a refrigerator, he is offered free delivery, installation, financing, and warranty, this is known as the “Augmented Product”.

What is an Augmented product?

An augmented product contains extra features or services added by its seller to distinguish it from comparable goods offered by rival businesses. A product can be improved by including additional, non-physically present features or advantages.

Free delivery and in-home service installation are two aspects that are used to build better items. Cosmetics businesses routinely offer free makeovers and travel-size samples to market their goods.

What is a product?

A product is an item that can be offered for sale.

Who is the customer?

A customer buys the product to consume.

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Suppose the real rate is 3. 75 percent and the inflation rate is 1. 5 percent. what rate would you expect to see on a treasury bill?

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The rate you expect to see on a treasury bill is 5.31%.

Short-term government securities and Treasury Bills have maturities ranging from a few days to 52 weeks. The face value of bills is discounted when they are sold. Since the U.S. government backs Treasury Bills, they are regarded as a secure and conservative investment. T-Bills are typically kept until they reach maturity. However, some holders could prefer to cash out before maturity and take advantage of the benefits from the investment's short-term interest by reselling it on the secondary market.

The real rate is 3. 75%

= 3. 75/100

= 0.0375

The inflation rate is  1.5%

=  1. 5 /100

= 0.015

Therefore the rate on the treasury bill can be calculated as follows

= (1+0.015)(1+0.0375)-1

= (1.015×1.0375)-1

= 1.0531-1

= 0.0531×100

= 5.31%

Hence the rate that is expected to be seen on the treasury bill is 5.31%.

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In double-stranded dna, the amount of a equals that of t and the amount of c equals that of g because:______

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In double-stranded DNA, the amount of a equals that of t and the amount of c equals that of g because the strands have complementary sequences of bases.

Deoxyribonucleic acid (abbreviated DNA) is a molecule that consists of genetic information for the development and functioning of an organism. DNA is fabricated from related strands that wind around every different to resemble a twisted ladder — a shape known as a double helix.

DNA is manufactured from chemical constructing blocks called nucleotides. these building blocks are made from three elements: a phosphate group, a sugar institution, and one in all four varieties of nitrogen bases. To form a strand of DNA, nucleotides are related into chains, with the phosphate and sugar organizations alternating.

DNA is the information molecule. It stores instructions for making different large molecules, called proteins. those commands are saved internal every one of your cells, dispensed among 46 long systems called chromosomes. These chromosomes are made from thousands of shorter segments of DNA, referred to as genes.

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When a company receives an asset from an unrelated party by a donation, the assets are valued at fair value and:______.

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When a company receives an asset from an unrelated party by a donation, the assets are valued at fair value and revenue is recorded.

What are assets?Anything of worth or a resource of value that can be exchanged for money is considered an asset. Assets belong to people, businesses, and governments. An asset may bring in money for a business, or the business may get anything from using or possessing the item.An asset is something that has both current and potential value.An asset, such as a piece of machinery, a financial instrument, or a patent, can frequently produce cash flows in the future.

Homes, cars, investments, works of art, and household goods are examples of personal property. Assets are listed on the balance sheet of corporations and are subtracted from liabilities and equity.

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The average price of a movie ticket in the city of new york is $8. this is an example of:________

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The average price of a movie ticket in the city of new york is $8. this is an example of  Information.

What is Information?

The fraction of a signal or message's content that transmits meaning is referred to as information. Information is not knowledge in and of itself, but rather its representation. The data supplied at one level is often transformed into information to be interpreted at the next level.

Facts and text features such as a table of contents, photographs, captions, bold print, and a glossary are examples of informational text characteristics. These traits assist the reader in finding information, supplementing information offered in text, drawing the reader's attention to key words, and explaining what words imply.

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Failing to __________ appropriately will result in too many employees doing the same work and prevent the new firm from realizing the cost synergies it anticipated

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Failing to downsize appropriately will result in too many employees doing the same work and prevent the new firm from realizing the cost synergies it anticipated.

Cost synergy is the reduction in operating costs expected after the merger of the two companies. Cost synergies are cost savings resulting from increased efficiency in the post-merger company. Cost synergies are one of the three main types of synergies, the other two being revenue and financial synergies.

Mergers and Acquisitions (M&A) cost synergies could result from lower costs due to increased efficiencies in the two merged companies. These costs may include extra insurance, equipment, physical location, etc. It can also result from the economies of scale and bulk buying that arise from the combined size of the two companies.

Cost synergies can be measured by comparing comparable deals or by looking internally at each company. When evaluating each company, bottom-up analysis can be performed to determine how additional assets or operations will impact cost savings.

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In which region do all product categories fall beneath the overall average profit?

Answers

we can easily see with a reference line that all product sub-categories in the South region are below this number.

What is South region?

The South is a geographical and cultural region of the United States of America. It is located between the Atlantic Ocean and the Western United States, with the Midwestern and Northeastern United States to the north and the Gulf of Mexico and Mexico to the south.

If you were from the South, you might have said Jefferson Davis. On November 6, 1861, Jefferson Davis was elected president of the Confederate States of America, not the United States of America.

The military occupation of the South, which began in 1861, had far-reaching implications, some of which were short-lived while others were long-lasting. The agony and destruction were immense, but the suffering subsided with the end of the war, and the destruction was quickly rebuilt.

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When the fair value of an investment in debt securities exceeds its amortized costs?

Answers

Debt securities (bonds) classified as held-to-maturity are reported at amortized cost. Debt securities classified as available for sale are reported at fair value.

What do debt securities represent?

An obligation to pay back borrowed funds is represented by debt security. The terms of the debt security specify the amount of the loan, the interest rate, and the maturity or renewal date.

What is amortized cost?

The accumulated fraction of a fixed asset's recorded cost that has been charged to expense through either depreciation or amortization is known as the amortized cost.

Why is fair value different from amortized cost?

In contrast to amortized cost, the fair value of an asset or liability does not take depreciation and amortization into account. Similar to this, businesses may reevaluate the fair value of their assets or obligations following a reasonable period. They do not rely on the previous price or value of their possessions.

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A company can increase its growth rate by taking goods or services developed at home and selling them internationally. the returns from such a strategy are likely to be greater if?

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A company can increase its growth rate by taking goods or services developed at home and selling them internationally. the returns from such a strategy are likely to be greater if competitors in the nations where a company enters lack comparable products.

What is Growth rate?Growth rates are the percentage changes in a given variable over a certain period of time. Growth rates are often calculated as the compounded yearly rate of growth of a company's revenues, earnings, dividends, or even macro terms like gross domestic product (GDP) and retail sales for investors.What kind of growth rate is that?A growth rate that is negative indicates a decline in value. For instance, there were 11.9 million fewer manufacturing employment in the US in 2012 than there were in 2002, a -22.2 percent growth rate. A quantity's growth rate over a single year is called an annual growth rate.

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YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the ________.

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YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the licensor.

A person or business that grants sell, or otherwise transfers to another a restricted right to use something that they have exclusive legal rights over. The legal name for the authority so granted is a license, and the individual who benefits from the grant is known as a licensee.

License agreements come in a variety of forms. The International Manufacturing License Agreement and the International Trademark License Agreement are the two that are most frequently used in international trade.

A licensing agreement is a document that outlines the terms and conditions under which you are permitted to utilize the property of another party. The licensor, who grants permission, and the licensee, who receives permission, are the two parties to this agreement.

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The dried pericarp that forms the peanut shell provides evidence that peanuts are? What is the area of this figure?14 km8 km9 km8 km5 km4 km4 km4 km After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies:______. The best locations to install tidal electrical generating stations are places where? ________ represent(s) a substantial portion of the population, and few new products and services can be profitable until this large group buys them. What is the margin of error for 95% confidence for a sample of size 700 where p = 0.65?A. 0.0455B. 0.0303OC. 0.0651D. 0.0353 What steps may be necessary to predict data not included in a data set using a scatter plot and line of best fit? Select all that apply. what happens to the total quantity demanded when the price of the product rises above $50 When managers base decisions on what has worked in the past and fail to explore new options, they are? Need some help with macroeconomics ! 1. R 20 million of new investment has been added to the South African economy, the current MPS is0.40, and tax rate (t) is 0.12. By how much will aggregate spending and income increase as a result ofthe R20 million increase in investment spending (7 marks). Consider the points (1,7),(-5,-4) what are the domain and range of this function Gross profit is:___.a. profit after deducting operating expenses. b. profit after deducting other expenses. c. profit before deducting operating expenses. d. none of these choices are correct. In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as. What are some similarities and differences between the anthropologist subdisciplines? Compared with french gothic architecture, english churches placed less emphasis on? If -3(x+8)= -21, then x = -1. Sloane kicked a soccer ball off the ground at a speed of 56 feet per second. the height of the ball can be represented by the function h(t) = 16t2 56t, where t is the time in seconds. how many seconds did the ball travel before returning the ground? t = 56 seconds t = 16 seconds t = 3.5 seconds t = 0.29 seconds The baron de montesquieu developed an influential theory that western governments tended:____. What is the approximate total volume of the silo? use 3.14 for and round the answer to the nearest tenth of a cubic meter. 37.1 m3 71.9 m3 116.5 m3 130.8 m3