In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $25,000. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift

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Answer 1

Joshua will not be responsible for paying any gift tax since the value of the share is precisely 15,000. In the year 2019, each share is worth a total of $25,000.00. Because there is no tax on gifts, the value of Joshua's inheritance would have been increased by $25,000 if he had not given the stock to his son in 2018, but instead kept it for himself. This is further explained below.

What is Internal Revenue Service?

Generally, The Internal Revenue Service is in charge of collecting taxes for the country and enforcing the Internal Revenue Code that Congress passed.

In conclusion, It has come to light that Joshua made a gift of XYZ shares worth $15,000 to his kid during the year 2018. This is regarded as a gift and hence may be subject to gift taxation. On the other hand, the Internal Revenue Service will not tax any gifts up to the value of $15,000 given in 2018.

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Related Questions

Last year, ace electronics had cost of goods sold of $2,500,000. the average inventory value last year was $250,000. what was the inventory turnover for ace electronics last year?

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The inventory turnover for Ace Electronics last year is  A )10

Inventory turnover is an economic ratio showing how normally an employer has sold and changed stock for the duration of a given period. An employer can then divide the times in the duration by using the inventory turnover formula to calculate the days it takes to sell the inventory available.

In accounting, the inventory turnover is a degree of the variety of times stock is sold or used in a time period inclusive of a year. it is calculated to see if a business has an immoderate stock in evaluation to its sales stage.

The better the inventory turnover, the higher, since high inventory turnover generally manner an employer is selling items quickly, and there may be a vast call for their products. Low stock turnover, then again, might in all likelihood imply weaker sales and a declining call for an organization's merchandise.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Last year, Ace Electronics had a Cost of Goods Sold of $2,500,000. The average inventory value last year was $250,000. What was the inventory turnover for Ace Electronics last year?

A )10

B) 8

C) 4

D) 6

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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?

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Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.

In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.

Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.

The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.

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When consumer prices are increasing at a steady but reasonable rate this is considered a healthy level of?

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When consumer prices are increasing at a steady but reasonable rate this is considered a healthy level of D) inflation.

Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.

Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).

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________________________ are the result of improvements in human capital, physical capital, and technology interacting in a _____________________

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Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labor hours owing to increases in productivity.

Productivity improvements; market-driven economy

What does "market-driven" mean?

Apple is a market-leading corporation that foresees trends and takes calculated risks in order to constantly astound and surprise customers with the value it delivers.

Microsoft is a market-driven organization that misses trends and shies away from risk, forcing it to react after significant market shifts have already taken place.

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When a firm has moved beyond a production or selling orientation and attempts to discover and satisfy its customers' needs and wants, the firm is blank______. multiple choice question.

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When a firm has moved beyond a production or selling orientation and attempts to discover and satisfy its customers' needs and wants, the firm is blank market oriented.

What are market oriented firms?Market-oriented businesses base their operations, product portfolios, and business strategies on the demands and preferences of the target markets. This kind of firm still seeks to turn a profit, but it does not focus all of its resources on achieving maximum short-term profit. A business that is focused on the market aims to create product lines and provide services that can maintain long-term consumer interest. Consumer interest and opinion serve as the filter through which all business plans of this type of firm are seen.

A company that is driven by the market does not launch a product quickly in an effort to turn a profit. Instead, the company concentrates on designing a product that is suited to the preferences and requirements of customers.

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Compared to other industrialized nations, the united states has one of the ________ rates of childhood poverty.

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Compared to other industrialized nations, the united states has one of the highest rates of childhood poverty.

Compared to other age groups, the poverty rate for people aged 65 and over is the highest. Older women are more likely to live in poverty than older men.

Positive effect on learning for children from 2 years old. The same positive effects as entertainment television for children over 4 years old.

The official poverty line income threshold is set by multiplying the 1963 inflation-adjusted minimum food cost by a factor of 3 and adjusting for family size, composition, and age of the head of household.

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A(n) _____ is a service offered by mutual funds that enables an investor to earn a fully compounded rate of return on their investments.

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One service that is offered by mutual funds to enable their investors to earn a fully compounded rate of return on investments is Automatic reinvestment plan.

What is an automatic reinvestment plan?

This is a plan that certain investment services offer which allows an investor to earn such a return on their investment that it is similar to a fully compounded rate of return.

It works by taking the entire investment that someone has made, adding the returns that they have earned on that investment so far, and then reinvesting all of it.

Doing this ensures that returns are earned on both the investment, and the returns that it has already made. Mutual funds do this to help their clients make more money.

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The management information system records day-to-day transactions, such as customer orders, bills, inventory levels, and production output.

a. true
b. false

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It is false that "the management information system records day-to-day transactions, such as customer orders, bills, inventory levels, and production output ."

The transaction processing system (TPS) records day-to-day transactions, such as customer orders, bills, inventory levels, and production output.

The management information system is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization.

The ultimate goal of the use of a management information system is to increase the value and profits of the business

The management information system helps companies identify their strengths and weaknesses due to the presence of revenue reports, employee performance records etc.,to gain a competitive advantage,and also with decision-making as well as reduce downtime for actionable items.

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Items of personal property used in connection with the real estate, such as appliances or furniture, are called__________.

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Items of personal property used in connection with the real estate, such as appliances or furniture, are called Fixture.

An object that was once personal property, but which has now been firmly attached to the land in such a way that it becomes part of the real estate.

The primary criterion for determining whether or not something is a fixture has to do with how it is attached. An item is regarded as a fixture if it is physically and firmly connected to the property.

This comprises objects that have been fastened to walls, floors, ceilings, or other parts of the house using bolts, screws, nails, glue, or cement.

The traditional illustration of this is a window treatment. Typically, because they are physically attached to the window frame, items like blinds and shades are regarded as fixtures that must remain with the home.

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What are tasks performed by people that customers will buy to satisfy a want or need?
a. production
b. systems
c. services
d. goods

Answers

What are tasks performed by people that customers will buy to satisfy a want or needs production.

Production is the process of combining various tangible and intangible inputs to produce something for consumption. It is the act of creating an output, goods, or services that are of value and contribute to an individual's benefit.

Manufacturing is the process of producing or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.

An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

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The three-step analysis to determine cash provided or used by investing activities includes?

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The three-step analysis to determine cash provided or used by investing activities includes: identifying changes in investing-related accounts, reporting the cash flow effects and explaining the changes using T-accounts and reconstructed entries.

What do you mean by Cash Flow statement?

A cash flow statement is a financial statement that exhibits how modifications in the accounts of the balance sheet and income impact cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.

In analysing cash flows in a business there are three types of cash flow: from operating activities, from investing activities, and from financing activities.

Cash flow from investing activities involves cash used for various investments over a particular period. This can include purchase of property, equipment, acquisition of other businesses, and investment in marketable securities.

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Which ics functional area establishes tactics and directs all operational resources?.

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The correction is B. Operations .

The ICS functional area establishes tactics and directs all operational resources is operations.

What is Incident Command System ICS?

The ICS serves as the gold standard for command, direction, and coordination of an emergency response and offers a way to coordinate the actions of many agencies as they cooperate toward the same objective of stabilizing the situation and defending people, property, and the environment.

Some charateristics of ICS are-

ICS employs the same elements that have been shown to increase efficiency and productivity in a commercial environment to disaster response.Because of the complexity of our environment, it is frequently necessary for multiple organizations to work together in order to respond to emergencies, from small-scale disasters to major traffic accidents. You and other members of your agency's staff might be asked to assist with the response in an emergency. It is expected that you will work in an ICS environment given the current trend toward employing an ICS framework for emergency response. In an emergencies, you could not be functioning for your regular boss or you might be working somewhere else. Operations for responding to emergencies are therefore not "business as usual."

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The complete question is -

Which ICS functional area establishes tactics and directs all operational resources to achieve the incident objectives?

A. Planning

B. Operations

C. Logistics

D. Finance/Administration

Green energy solutions has adopted an ethnocentric staffing policy. based on this, where are most of the decisions made for the home and host country facilities?

Answers

Green energy solutions has adopted an ethnocentric staffing policy. based on this, Ferguson Furniture group has adopted an ethnocentric staffing policy where most of the decisions made the home and host country facilities.

Because, Ethnocentric staffing means to hire management that is of same nationality of parent company. The general rationale behind the ethnocentric approach is that the staff from the parent country would represent the interests of the headquarters effectively and link well with the parent country.

Management is a distinct process consisting of planning, organising, actuating and controlling; utilising in each both science and art, and followed in order.

Rationale referred as the reasoning behind a decision or something.

Headquarter refers to the main office or centre of control of a company or organization.

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On a financial television show, paz hears the announcer say that the country is currently experiencing a high inflation rate. how will this most likely affect paz’s investments?

Answers

Paz observes the announcer on a financial television program state that the nation is now facing a high inflation rate.

A. With the current high inflation rate, the value of Paz’s investments will possibly not grow at the same rate as the general level of inflation.

What does it indicate if the inflation rate is high?

High inflation, therefore, is when prices for interests and items is unusually high. Customers can therefore get less for their money when purchasing. Although a little inflation can be flattering, it can also hurt individual finances, counting on the circumstances.

Why is high inflation wrong for the economy?

When inflation is high, money and non-interest bearing checking accounts are avoided because they are constantly declining in purchasing power. People will use useful economic resources (including their time and "shoe leather") to scrimp on their holdings of such money balances.

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Complete question shown below,

A. With the current high inflation rate, the value of Paz’s investments will possibly not increase at the same rate as the general level of inflation.

B. This level of high inflation guarantees higher returns on Paz’s investments, making it a very safe investment.

C. If the return on Paz’s investment is growing at a slower rate than the inflation rate, her investment will increase her purchasing power.

D. If Paz’s investment is earning 2 percent interest, but the inflation rate on goods is increasing by 5 percent, she has gained about 3 percent of purchasing power.

________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

Answers

Informational Appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

What is Informational Appeals ?

It allows you to showcase the product's qualities and the benefits that a buyer will gain when using the goods. It is an effective method of persuading them that your product is something they truly require and can use. Con: Informative advertisements can be boring.

Aristotle proposed three types of argumentation arguments: logical, ethical, and emotional appeals.

Ebooks, "How-to" videos, blogs, and brochures are all examples of informational marketing because they provide a detailed description of a service or product and what makes it unique in the business.

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Talkative, social employee who makes sure that all feel welcome and part of the team while at work. she most likely has a high level of ________ when she takes a personality tes

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Talkative, social employee who makes sure that all feel welcome and part of the team while at work. she most likely has a high level of extroversion when she takes a personality test.

Some theories of human personality place a strong emphasis on the qualities of extraversion and introversion. Carl Jung popularized the concepts of introversion and extraversion, however their modern psychiatric applications and popular interpretations differ.

Extroversion is the trait of being extroverted and focusing on other people or things rather than oneself. Extroversion is demonstrated when a person enjoys being the center of attention and going out frequently.

The inclination to concentrate on satisfaction from sources other than oneself is referred to as extraversion. Warmth, optimism, gregariousness, and a need for excitement define extroverts.

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The terms of an invoice are 3/10, n/25. this means that a ________ of the invoice date.

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The terms of an invoice are 3/10, n/25 this means that a discount of 3% is allowed if the invoice is paid within 10 days of the invoice date.

3/10, n/25 this means that a 10% cash discount is available if the invoice is paid within 10 days, pay the net price if covered within 25 days of the invoice date. Discounts are reductions of the normal fee of a product or service with the purpose to obtain or growing income.

Trade discount refers to the deduction given by using the supplier to the purchaser within the catalog price of the goods. Cash discount implies the allowance granted to the clients by means of the supplier on the billing fee, for immediate payment.

A cash discount also referred to as a purchase cut price or income discount, is a reduction in the purchase fee of an excellent because of an early cash charge. In different words, the seller of products is inclined to lessen the fee of the goods if the purchaser is inclined to pay for the coolest in advance.

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Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, producer surplus is:

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Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, the producer surplus is $3200.

The government provides public services such as railroads. They are therefore the monopoly as no new partners or private companies are allowed to operate the railways. A monopoly is an individual, group, or company that controls a market for goods or services.

A monopolist is a person, group, or company that controls and controls the market for a particular good or service. This lack of competition and lack of alternative goods or services means that monopolists have enough power to charge high prices in the market.

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Michael works in the auto manufacturing sector, which has experienced decreased demand. he will:_______

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Michael works in the auto manufacturing sector, which has experienced decreased demand. He will see his wages lower.

There will be a reduction in the amount of labor that is demanded, and the demand curve will move upward. Employers are more likely to increase their employee count if wages and salaries are reduced.

Demand for labor will grow, which will cause the demand curve to go downward.

According to the ceteris paribus premise, the labor demand curve depicts the number of workers that companies want to hire at a given pay or compensation level.

The amount of work requested will alter in response to a change in wage or salary. Employers would prefer to recruit fewer workers if the wage rate increased.

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________ controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced

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Administrative controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced.

Administrative controls are the controls which are a  type of hazard control. They are used in order to improve safety within the workplace by putting policies and rules  in place which reduces  the occupational risk faced by workers by  altering the way in which  their work is performed.

Administrative controls include implementation of  policies, rules, and schedules which support safety  as well as  the setting of  safe operating procedures and standards.

It includes different training criteria, housekeeping duties, and maintenance practices in order to reduce exposure to different hazardous substances and dangerous tasks.

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Action research requires employee involvement to ensure a successful resolution and allows employees to __________ on an ongoing basis

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Action research requires employee involvement to ensure a successful resolution and allows employees to research on an ongoing basis.

Action research is either studies initiated to remedy an immediate problem or a reflective manner of progressive trouble fixing that integrates studies, action, and analysis. the integration of movement consists of the development and implementation of a plan or strategy to deal with the focus of the research.

The procedure of action research allows in leadership development by developing their facilitation skills, developing team constructing and team control competencies, information the issues of the group participants, and operating collaboratively for figuring out the pre-described goals.

Action research is a procedure for improving instructional exercise. Its methods contain action, evaluation, and reflection. it's far a method to gather proof to implement alternate in practices. action research is participative and collaborative.

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In the first step of SAFe's Continuous Delivery Pipeline, Product Owners and Product Managers do what activity?

Answers

In the first step of SAFe's Continuous, managers would  Hypothesize on what would create value to their Customers.

What is SAFE continuous delivery?

This is the term that is used to describe the process that has to do with the features that are existent in a staging environment. These are the features that are usually deployed into the environment from where they are to be readied for their release.

Hence we can conclude that the in first step of SAFe's Continuous Delivery Pipeline, Product Owners and Product Managers  Hypothesize on what would create value to their Customers.

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The supply of loanable funds slopes ______ because an increase in the interest rate induces __________.
a. upward; more saving
b. downward; less saving
c. downward; less investment
d. upward; more investment

Answers

The supply of loanable funds slopes upward because an increase in the interest rate induces more savings.

The answer is option a. more saving

The supply curve is upward sloping due to the fact because the interest rate will increase, humans will need to shop greater. Individuals deliver loanable finances through savings. When delivery for financial savings increases, the number of loanable budgets increases, and the real interest price decreases.

The supply of loanable funds curve slopes upward. Because the hobby price rises, the go back on saving will increase, and the amount of loanable price range provided increases. as the interest fee falls, saving becomes less attractive and consumption will become extra attractive, so the amount of loanable budget supplied decreases.

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What is often used when you need to provide access from an application running on an ec2 instance to other resources within aws?

Answers

AWS Security Token Service (AWS STS) is often used when you need to provide access from an application running on an EC2 instance to other resources within AWS.

The AWS Security Token Service (AWS STS) is an Amazon Web Services (AWS) software tool that enables an IT administrator to grant trusted users temporary and limited access credentials to public cloud resources.

To allow an application running on an Amazon EC2 instance to run commands in another account, you must allow the EC2 instance role in the first account to switch to a role in the second account.

Hence, the answer is given and explained above.

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What is amazon's wacc? note: amazon does not have r preferred stock. apply the capm to estimate the cost of equity using the expected market return and risk-free rate from the walmart wacc estimate

Answers

The amazon WACC is 11.62

CAPM method,

ke = Rf +\beta (Rm-Rf)

Where,

Ke = Cost of Equity

Rf = Risk-free rate is the risk-free rate used has been the short-term 3-month rate (13-week)  Treasury bill rate.

Beta = calculated as the slope of the regression line (given)

Rm = expected market return that is historically used since 1926.

Ke= 0.11+1.1634(10-0.11)

Ke= 11.62

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When a worker comes late to the work site, others are likely to make an external attribution under conditions of:_____.

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When a worker comes late to the work site, others are likely to make an external attribution under conditions of high consensus, high distinctiveness, and low consistency

Explanations that emphasize environmental or situational elements, such as task difficulty, social effects, and the physical attributes of a specific place, are known as external attributions.

Situational circumstances are frequently blamed for actions and incidents that are thought to be unintentional. Examples of external attribution include people who attribute their bike's flat tire to the weather or students who excuse themselves from turning in their coursework because their dog ate it.

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alternative sources of start-up funding available to young South African entrepreneurs​

Answers

The sources of capital that are available to the young entrepreneurs in South Africa would be:

grantsIDF CapitalFinance agenciesLulalend Business Funding.

What is meant by finance capital?

This is the term that is used to refer to the money that a person would need in order to be able to start a business. It is the money that is needed to get things in an operational form.

The lack of capital is one of the issues that face the growth of the entrepreneurial business world in South Africa as a lot of people do not have the money with which to build on.

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The process through which a product or service takes root initially in simple applications at the bottom of a market and then moves up, eventually displacing established companies, is referred to as:_______

Answers

The process through which a product or service takes root initially in simple applications at the bottom of a market and then moves up, eventually displacing established companies, is referred to as Disruptive Innovation.

In a business idea, disruptive innovation is an innovation that creates a brand new market and price network or enters at the lowest of an existing market and in the end displaces established marketplace-leading companies, products, and alliances.

Disruptive innovation refers to using a generation that upsets a structure, instead of "disruptive technology", which refers back to the era itself. Amazon, launched as an online bookstall in the mid-Nineties, is an example of disruptive innovation.

Disruptive innovation is the manner by using which a smaller enterprise—normally with fewer sources—moves upmarket and demanding situations larger, hooked-up corporations.

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________ relates to protecting employees from internal and external security risks.

Answers

Security is the protection from internal and external security risk to the employees.

Managing security and safety in the workplace entails taking responsibility for human resources. Management is responsible for protecting employees from risky and unanticipated events. Supervisors must guarantee that employees are working in a safe and secure environment so that they may work freely.

External threats are usually malevolent, with the aim of interrupting service, damage, and theft. Employee safety is the provision of a safe working environment for employees via the use of safe equipment and processes in the workplace to ensure worker safety.

Therefore, the answer is security.

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The framers of the constitution wanted ________ to choose the president and vice president.

Answers

Answer:

Electoral College

Explanation:

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