The 55-year-old baby boomers share common needs in music and performers. when a music company decides to serve this group, the group is called a target market.
What is Target Market?A target market is a population that has been chosen because of similar traits like age, income, and lifestyle as the most probable candidates to purchase a product.When a business creates, packages, and advertises its product, determining the target market is a crucial step in the decision-making process.A new product must meet a need, address a challenge, or both. Unless it involves indoor plumbing, the need or issue is usually not common.It is more likely required by a specific segment of consumers, such as vegetarians who care about the environment, science nerds, or outdoor enthusiasts. It might be appealing to a young person or a middle-aged professional, a snob or a bargain shopper.To learn more about target market with the given link
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Fred pittman has invested $10,000 in his son’s motorcycle repair shop, but he takes no part in its management. pittman is a(n):_________
Fred pittman has invested $10,000 in his son’s motorcycle repair shop, but he takes no part in its management. pittman is a limited partner.
Similar to a general partnership, a limited partnership is a type of partnership but unlike a general partnership, a limited partnership needs at least one general partner (GP) and at least one limited partner.
A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business. Silent partners are another name for limited partners.
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When reporting on financial statements prepared on the basis of accounting used for?
Whilst reporting on financial statements organized on the basis of accounting used for earnings tax functions, the auditor need to include within the file a paragraph that: States that the earnings tax basis of accounting is a basis of accounting apart from typically common accounting standards.
Income declaration first as it offers you the essential information to generate other monetary statements. sales might be any sales that your commercial enterprise generates. charges could be diverse working charges, like inventory, hire, or utilities.
Financial statements provide a snapshot of a economic fitness, giving insight into its overall performance, operations, and coins glide. monetary statements are vital in view that they offer statistics about a company's sales, costs, profitability, and debt.
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The decison-making model that assumes managers are fully objective and have all information they need to make a decision is the ____ decison model
The decision-making model that assumes managers are fully objective and have all information they need to make a decision is the rational decision model.
Rational comes from the Latin Rationalism, meaning rational or logical. If you are rational, you do things based on logic, not on impulse or whim. The original meaning of English was that which had the capacity to reason.
An example of rationality is someone who apologizes after an argument even though he knows he made a mistake. A specified or real number or quantity can be expressed as the ratio of two integers. where the second integer is not 0: all integers and fractions are rational numbers.
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A $300,000 $500,000 bodily injury liability automobile policy could pay _____ to all injured victims in one accident.
A $300,000 $500,000 bodily injury liability automobile policy could pay up to a total of $500,000 to all injured victims in one accident.
Legal responsibility is something someone or agency owes, normally a sum of money. Liabilities are settled through the years thru the transfer of economic blessings together with cash, goods, or offerings.
assets are the objects your corporation owns that may offer future financial gain. Liabilities are what you owe different parties. In brief, property put money in your pocket, and liabilities take cash out!
Liability is what a person or organization owes cash on. This includes the responsibility to pay taxes, loans, mortgage payments, and invoices for goods and services.
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A $300,000 $500,000 bodily injury liability automobile policy could pay up to a total of $500,000 to all injured victims in one accident.
Legal responsibility is something someone or agency owes, normally a sum of money. Liabilities are settled through the years thru the transfer of economic blessings together with cash, goods, or offerings.
assets are the objects your corporation owns that may offer future financial gain. Liabilities are what you owe different parties. In brief, property put money in your pocket, and liabilities take cash out!
Liability is what a person or organization owes cash on. This includes the responsibility to pay taxes, loans, mortgage payments, and invoices for goods and services.
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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
Lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is motivation ?Motivation is the reason why humans and other animals begin, continue, or discontinue an activity at any particular time. Motivational states are typically viewed as internal forces that induce a desire to engage in goal-directed conduct.
The Three Kinds of Motivation
Extrinsic. Performing an action in order to achieve or prevent a specific result. Many of the things you perform every day are probably extrinsically driven. ...
Intrinsic. Internal motivation for success or a sense of purpose... Family. Motivated by a desire to provide for your family.
Motivation will assist him in achieving his personal objectives. Individuals who are motivated will be satisfied with their jobs. Individual self-development will benefit from motivation. Working with a dynamic would always benefit an individual.
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Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. What jour
The expense in the first year relating to the improvements is $12,500
What is leasehold improvement?
Leasehold improvement is a capital expenditure incurred to improve the condition of an asset that has been leased from a third party.
In this case, a leasehold improvement costing $75,000 was incurred and lease period is only 6 years remaining whereas the improvement would provide benefits for 8 years, in essence, the improvement cost should be depreciated using the lower of remaining lease period and years of benefits.
As a result, annual depreciation would be computed using the straight line depreciation method where useful life is 6 years
first year depreciation=improvement cost/useful life
first year depreciation=$75,000/6
first year depreciation=$12,500
Note that the requirement is to determine the first year expense that only relates to improvements , in other words, the lease expense should be ignored
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Complete question with options:
Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. Compute the amount of expense that should be recorded the first year related to the improvements.
A. $19,500.
B. $7,000.
C. $12,500.
D. $9,375.
E. $16,375.
At 90 days past due what happens to all cardholder accounts associated with a managing account?
All were automatically suspended.
Which of the following is a cardholder responsibility in a Government wide commercial purchase card program?The Cardholder is responsible for the following:
Completing all required training prior to being issued a Purchase Card. Purchasing goods or services in accordance with established Department policy, procurement regulations, and individual internal office procedures.Which of the following is an appropriate circumstance for using a convenience check?A purchase exceeds the micro purchase threshold.
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When a student goes through early adolescence, they face a choice between academic goals or social goals and B. This decision does have long-term impact on educational success and choice of career.
What happens to students in early adolescence?When a student is going through early adolescence, there is an extra pressure to focus on social goals in addition to their academic goals.
This can affect their long term educational success if they focus on social goals more and can also affect the career that they go into.
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It should be noted that In early adolescence, students face a choice between focusing on academic goals or social goals and this have have effect in the long term because it has impact on educational success and choice of career.
Why do student in adolescence do face a choice between focusing on academic goals or social goals?
Student in adolescence do face a choice between focusing on academic goals or social goals because at that age, they can not make a proper decision by themselves, reason why they need good parenting or guardian.
However, educational success and choice of career is a product of the choice they make.
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What strategies did the lifeguard use to try to get the patron to understand the importance of clearing the pool?
Most important strategies of lifeguard is tracking activities in and near the water through customer surveillance.
Stopping injuries by way of minimizing or doing away with risky conditions or behaviors. imposing facility policies and policies and educating buyers about them. Purchasers need to know about the risks that could purpose harm. behaviors that lead to damage. shoppers can be surprising with facility capabilities, or be so excited that they do no longer study symptoms or take note of guidelines.
The lifeguard has a whistle to alert the ones concerned. In worst instances, lifeguards alert co-workers and emergency rescue when a person is severe injured or is going below water.
The number one obligation as a lifeguard is to save you drowning and other accidents from occurring. candidates need to be able to make sure the protection of consumers by minimizing or getting rid of unsafe conditions or behaviors.
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A company has net sales of $825,000 and cost of goods sold of $547,000. its net income is $98,500. The company's gross profit and operating expenses, respectively, are?
A company has net sales of $825,000 and cost of goods sold of $547,000. its net income is $98,500. The company's gross profit and operating expenses, respectively, are $278,000 and $179,500.
While operating margin deducts operating expenditures from the gross margin to determine the return on sales of goods and services. The variable costs that can be included in the manufacture of goods are often referred to as the gross margin.
Gross margin = net sales -cost of goods sold
= 825,000 - 547,000 = 278,000
Operating expenses = gross margin - net income
=278,000 - 98,5000
= 179,500
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Country x allows market forces to guide its economy. however, it does regulate some transactions and has set a minimum wage for workers. what kind of economy does this country have?
The centralized kind of economy this country has.
A market economy is an economic system in which economic decisions and pricing of goods and services are guided by the interaction of individual citizens and firms in the country. There may be government intervention or central planning, but usually, the term generally refers to a market-oriented economy.
However, economists have identified six main functions of government in a market economy. The government provides the legal and social framework, sustains competition, provides public goods and services, redistributes income, modifies externalities, and stabilizes the economy.
No matter what the future holds, a business degree can help people succeed. Understanding how decisions are made, how markets work, how rules affect outcomes, and how the economy forces drive social systems can help people You will be able to make better decisions and solve more problems. It leads to success in business and life.
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Examining internal or external records or documents that are in paper form, electronic form or other media is known as?
5-7 The types of procedures and their definitions are as follows. (1) Inspection of records or documents consists of inspection of internal and external records or documents on paper, electronic or other media.
External evidence is considered more reliable than internal evidence because it is in the hands of both the client and another party. This means acceptance of the information and conditions contained in the document.
Internal documents are records created and kept within a company. Documents are used to support organizational processes. Examples of internal documents include employee time cards and timesheets, production schedules, purchase requisitions, receipt reports, sales orders, and disposal approvals.
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Dave finney leases a vehicle for $245. 50 for 36 months. The deposit is $575. 00, and the title and license fees total $105. 0. What is the total lease cost?
The total lease cost is $680.
What is a lease?A lease is a contractual agreement that requires the user to pay the owner for the use of an item. Property, buildings, and cars are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement, in general, is a contract between two parties: the lessor and the lessee. The lessee acquires the right to use the asset in exchange for regular rental payments from the lessor, who is the legal owner of the asset. The lessee also undertakes to follow certain conditions when using the property or equipment. A person leasing a car, for example, may agree to the restriction that the car will only be used for personal purposes.To find the total lease cost:
The total deposit is $575.License fees of $105.So, total lease cost = 575 + 105 = $680.Therefore, the total lease cost is $680.
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When a person enters another's personal space and is within 10 feet of the person, they are within someone's:______.
When a person enters another's personal space and is within 10 feet of the person, they are within someone's social distance.
The study of proxemics examines how people use space and how population density affects how they act, communicate, and interact with one another.
It is only through observation and with the help of powerful cultural influences that proxemics, a previously unnoticed aspect of interpersonal communication, is discovered.
The area in which a person feels physically and psychologically at home is known as their personal space. The majority of individuals respect their privacy, and when it is invaded, they typically feel uneasy, angry, or anxious.
Edward Hall, the founder of proxemics, the science examining how people utilize space, actually coined the phrase "social distance" to refer to the separation between interactions with acquaintances.
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Some crypto exchanges allow their customers to employee leverage, and why is this not a good idea, according to full proof?
Since 2011, over $1.65 billion worth of crypto assets have been stolen, and the numbers are accelerating on a Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea.
What is cryptocurrency?A cryptocurrency, crypto-currency, or crypto is a digital currency that is designed to function as a means of exchange via a computer network and is not dependant on any central authority, such as a government or bank, to support or maintain it.
Mining is the process by which Bitcoin and other cryptocurrencies are created and transactions involving new currency are validated. It comprises large, decentralised networks of computers all over the world that verify and protect blockchains, which are virtual ledgers that record cryptocurrency transactions.
Cryptocurrency exchanges are lawful in the United States and are governed by the Bank Secrecy Act (BSA). In effect, this means that bitcoin exchange service providers must register with FinCEN, establish an anti-money laundering/counter-terrorism financing programme, and maintain adequate records.
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An organization is identifying applicants who have knowledge, skills, and abilities that will help the organization reach its goals. the organization is in the process of?
An organization is identifying applicants who have knowledge, skills, and abilities that will help the organization reach its goals. The organization is in the process of selection.
A selection process can be defined as the process of selecting and pre-selecting suitable candidates with the required qualifications and skills to fill vacancies within an organization. The selection process varies from industry to industry, company to company, and even departments within the same company.
Selection is defined as the process of selecting suitable candidates for available positions. Recruitment is described as a proactive process with an approach that attracts as many candidates as possible to open positions.
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The balance of opinion suggests that the contributors to leadership effectiveness are:________
The balance of opinion suggests that the contributors to leadership effectiveness are a combination of nature and nurture.
Effective leadership: what is it?
Effective leaders can use their leadership abilities to inspire all of their coworkers to follow their example, resulting in increased morale and better results for their organization, rather than having to hold management positions. These abilities can make you a better worker, teammate, and member of your company.
Whatever your position in the organization, having the right leadership qualities can advance you into a better position. Effective leadership abilities can change your entire organization because a manager and a leader are not always the same thing.
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Ben and jerry’s lays off 500 workers during a recession, creating _____ unemployment.
Ben and jerry’s lays off 500 workers during a recession, creating cyclical unemployment.
A recession can be defined as a prolonged period of low or negative real GDP (manufacturing) growth accompanied by a significant rise in unemployment. Many other economic indicators are weak during recessions
This is the first stage, marked by a decline in activity across the economy. This can manifest itself in various ways. B. Lower levels of production, less employment, less spending by consumers and businesses.
Care and body care products such as toothpaste, deodorant, shampoo, and toilet paper are always in demand. Offering these types of items can position your business as a vital resource for consumers during difficult times. People want to be beautiful no matter how hard it is.
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What marketing strategy would be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service
The marketing strategy that involves "creating a brand identity" is the one that would be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service
What is a marketing strategy?This refers to the set of plans about marketing which are designed to fulfil the objectives of a business such as setting out of plans about product development, pricing and promotion to achieve marketing objectives.
However, the process of creating a brand identity will be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service because it provide a physical features that can be reckon with.
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The 1909 strike at new york city's triangle shirtwaist company demonstrated that:______.
The 1909 strike at New York city's triangle shirtwaist strike demonstrated that women workers could create solidarity across social and ethnic lines.
The Uprising of the 20,000, also known as the New York Shirtwaist Strike of 1909, was a labor dispute that mostly affected Jewish women who worked in New York shirtwaist manufacturers. The strike was the biggest by female American employees to that point. The strike began in November 1909 under the direction of Clara Lemlich and the International Ladies' Garment Workers' Union, with assistance from the National Women's Trade Union League of America (NWTUL). The NWTUL and the factory owners reached a settlement in February 1910, which resulted in better pay, hours, and working conditions. The Triangle Shirtwaist Factory Fire, which exposed the hardship of immigrant women working in hazardous and challenging conditions, occurred only a year after the strike came to a conclusion.
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Many___expectations of good customer service are the same, but we must still treat each customer as an individual.
So many people's expectations of good customer service are the same but we must still treat each customer as an individual.
What is a good customer service?Also known as an excellent customer service refers to the act of meeting and surpassing expectations of customers, that is, the seller or the firm is showing the customer how important he or she is to you and the business survival and existence.
Furthermore, it involves following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable to the customers as well.
Hence, in most case, despite that many people's expectations of good customer service are the same but we must still treat each customer as an individual.
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Amounts withheld from employee's earnings for employee income tax is considered a _____ by the employer until the government is paid.
Amounts withheld from employee's earnings for the employee income tax is considered a liability by the employer until the government is paid
What is liability?
Liability means the obligation that one party owes another, whose settlement requires the indebted party to transfer cash or equivalent value of other benefits commensurate to the liability to the other party.
In this case, the employees owe the government income taxes, whereby the employees have discharged the obligation by having the employers deduct them from their earnings.
The onus is now on the employers to make payments in respect of the income taxes withheld to the tax authority, prior to which the taxes are treated as the employer's liability.
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Missing options:
(A) assets. (B) liabilities. (C) salary expense. (D) revenue.
Answer:
current liability
Explanation:
What is the equilibrium quantity of output in this market? a. 3 units b. 6 units c. 4 units d. 5 units
A correct option is option (a), i.e. 3 units
What is the definition of the equilibrium quantity?
When a product is in equilibrium quantity, there is neither scarcity nor a surplus on the market. When supply and demand cross, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are supplying.
What is equilibrium quantity increase?
Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.
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A common criticism of the marketing system is that intermediaries ________. are overly protective of manufacturers' interests provide only essential services undervalue their service costs are too few in number mark up prices beyond the value of their services
A common criticism of the marketing system is that intermediaries mark up prices beyond the value of their services.
A market system is any systematic process enabling many market gamers to provide and call for assisting consumers and sellers to engage and make offers. It isn't always simply the rate mechanism but the entire system of regulation, qualification, credentials, reputations, and clearing that surrounds that mechanism and makes it perform in a social context.
A few authors use the time period "market device" to consult particularly to the loose market device. This text focuses on the extra well-known feel of the term in step with which there is an expansion of various market structures.
One of the examples is Amway. It's an American marketing company that manufactures beauty, home care, and health products. The brand belongs to a corporate vertical marketing system because it sells products only through its authorized stores.
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According to the U.S. Department of Labor Statistics, one of the most hazardous activities health care workers perform is
Manual handling is one of the most hazardous activities performed by health care workers. Over a third of all occupational injuries are a result of manual handling. These include repetitive strain injuries of various kinds and musculoskeletal diseases (MSDs) associated with workplace, such as discomfort and damage to arms, legs, and joints.
Lifting, lowering, pushing, tugging, and carrying are just a few of many tasks that go under umbrella of manual handling . Injury is possible if any of these activities are not completed correctly. Injury caused by manual labor can have major repercussions for both the employer and health care workers.
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ABC Electronics introduced the first large flat screen TV. Shoppers were amazed by the sharp, colorful images, and consumers flocked to the stores to purchase one. ABC priced the product high while there were few competitors in order to recover research and development costs and maximize profits. This strategy is called
The strategy in which there is high price charged and there are a very few competitors available this suggests that there is a monopolistic competition. The strategy is premium strategy.
What is Monopoly?Monopoly is the seller in a market where there is no competition, the sole seller of the products or services is the organization and thus this way the organization can charge the amount it wants.
In a monopolistic competition there are a few competitors available in the market and therefore they can charge high prices, as in the scenario ABC electronics have incurred a high amount of research and development cost and so that is why they are charging a high price.
The high price will be paid by the consumers because it is a cutting edge technology and thus ABC will generate greater profits.
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Using stored liquidity to offset a deposit drain will reduce the size of the bank but using purchased liquidity to offset the drain will not.
a. true
b. false
Using stored liquidity to offset a deposit drain will reduce the size of the bank but using purchased liquidity to offset the drain will not. The given statement is true.
Stored liquidity meets all funding requirements through carefully designed deposit structures and on-balance sheet liquid assets. Purchased liquidity employs borrowings and non-core liabilities to cover financial requirements.
Liquidity management was bought. Liquidity can be obtained on the financial markets, such as by borrowing money from rival banks and other institutional investors. • A liability-side adjustment to the balance sheet to cover a deposit drain.
By the effect it has on the price of acquired funds. Because all shareholders share in the value loss on a pro rata basis, mutual funds have lower liquidity risk than banks when comparing the two.
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Has the ceo carried out his or her responsibility for educating the board? Why or why not?
The CEO has not carried out his or her responsibility for educating the board as evident by the lack of information held by the board members during the discussion and their need and search for more information with respect to the quality performance measures of the Regional Medical Centre and their inquiry for the cost-benefit analysis.
The board members during the meeting are unaware of most of the indicators of the quality performance measures and the patient satisfaction measures and seem to be inquiring from each other about the values. They are also not aware of the trend or changes in these values in Q2 as compared to Q1.
The CEO has the responsibility of overall seeing the functioning of the healthcare organization and reporting, making key administrative decisions, leading organizational changes, and educating the board of directors about the parameters and reports with regard to the functioning of the healthcare organization.
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If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be:________
If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be One asset increases $1,510 and another asset decreases $1,510, causing no effect.
The relationship between an entity's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal.
There are three possible arrangements for the accounting equation:
Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses. Owner's equity = Assets - Liabilities. Net Worth = Assets - Liabilities.The accounting equation makes sure that every entry in the books and records is verified and that each obligation (or expense) and its associated source, or each item of revenue (or asset) and its source, can be independently verified.
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Weekly or monthly work plans used by management to get information about salespeople are referred to as ________.
Weekly or monthly work plans used by management to get information about salespeople are referred to as sales report.
A sales report is a written account of a company's sales efforts. At different stages of the selling cycle, organizations may utilize a variety of sales reports to assess success, identify areas for development, and gather insightful data that could inform future strategy.
This way they also keep a check on their salespeople, their efficiency and performance. A management must create an environment for their salesperson where they are accountable to the management for their task.
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