The company you are investigating recognized unearned revenue as earned revenue. This is an example of liability understatement fraud.
Core paper. Unearned revenue is money received by an individual or business for services or products that have not yet been provided or provided. This is recorded as a liability on the company's balance sheet as it is a liability to the customer.
Unearned income. Refers to cash received prior to the delivery of goods or services. Unearned income is a liability. Unearned revenue becomes earned revenue when the product or service is provided.
Since deferred income is a current liability, changes in deferred income from the previous year affect the operating value shown in the company's financial statements.
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A customer with a complaint about the way in which a washing machine repair was made will become increasingly more annoyed with the service provider ______.
A customer with a complaint about the way in which a washing machine repair was made will become increasingly more annoyed with the service provider the longer it takes to get an answer from the firm.
A service provider is a person or entity that provides services to another party. Service offerings between service providers and companies are typically governed by service contracts.
A service provider is a natural or legal person that provides services to organizations or other parties. Provides storage, processing, or network services. Providers provide real estate, communications, education, legal, and consulting services to organizations.
There are three types of service providers: Internal service providers. Shared service unit. External service provider.
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The federal trade commission, like other administrative agencies, has the power to?
The federal trade commission, like other administrative agencies, has the power to compel businesses to hold trial-like hearings to resolve certain kinds of disputes.
the question is incomplete .please read below to find the missing content.
The FTC's mission is to protect consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly harming legitimate business operations.
This commission is appointed by the President and approved by the Senate, each for a term of seven years. He can have no more than three members on the committee who can belong to the same political party. The President elects a Commissioner to chair the Commission. Visit the FTC!
The Federal Trade Commission, like other administrative agencies, has the power to
a. compel businesses to reveal trade secrets.
b. harass those whom it investigates.
c. hold trial-like hearings to resolve certain kinds of disputes.
d. all of the above.
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The admin at universal containers is creating a new opportunity record type. which three options must be populated by the admin?
The three options that must be populated by the admin are:
1) sales process,
2) profile assignment,
3) page layout assignment
A sales procedure is hard and fast of repeatable steps that a shop clerk takes to take a prospective buyer from the early level of recognition to a closed sale. generally, an income manner consists of 5-7 steps: Prospecting, coaching, method, Presentation, dealing with objections, last, and compliance with-up.
The sales funnel, or purchasing funnel, is a consumer-focused advertising model that illustrates the theoretical patron adventure in the direction of the acquisition of a good or carrier.
A very good income procedure is never set in stone! It needs to be revised and adapted frequently, ensuring it reflects the present-day state of the market, your customers' changing needs, your team competencies, and your business specifics. It needs usually remains a work in progress.
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The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to:________
The correct answer of the question is Fraud.
The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.
What is Fraud?It is a form of deception or an unlawful gain.It is an intentional form of deception that can have various criminal consequences. There are various kinds of frauds like bank fraud, insurance fraud etc..It is committed with the intention of gaining an unauthorized benefit. it can occur in various domains like finance, real estate, insurance etc. Usually a fraud can lead the person to have legal consequences and the victim can sue the person or organization which was involved with the crime.To learn more about fraud visit: https://brainly.com/question/20357860
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A(n) _____ is a business organization formed under federal tax law that is considered a corporation but is taxed like a partnership (if it follows certain regulations)
A business organization that is formed under federal tax law is the Limited Liability Company which is considered a corporation but is taxed like a partnership.
What is tax law?
There are some legal rules that are made by the higher authority, in which it is stated how much the state, local, and federal governments will apply the charge to the individual.
These rules are known as the tax law. Apart from the charges it also covers various things, such as procedures, policies, and penalties that are in the context of everything that has to do with tax issues.
Thus, a Limited Liability Company can be considered a corporation but is taxed like a partnership.
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What problem-solving strategies don't guarantee solutions but make efficient use of time?
Heuristics is the problem-solving strategies which don't guarantee solutions but make efficient use of time.
Why are heuristics important?
In addition to simplifying complex information into a manageable range of options, these heuristics have the added benefit of assisting people in translating their intentions into actualized actions.
What is the advantage of heuristic method?
It aids in the child's overall development by assisting in the accomplishment of cognitive, emotional, and psychomotor goals. In order for students to learn, they are placed in experiential learning situations. The trainees' self-assurance and independence are unquestionably increased.
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Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. What BEST explains why this is not possible
Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. The older phones do not have conference capabilities. But VoIP hard lines do.
This is further explained below.
What is VoIP?Generally, Your voice is converted into a digital signal through the technology known as Voice over Internet Protocol (VoIP), which enables you to make calls straight from a computer, a VoIP phone, or other data-driven devices. To put it another way, it's a phone service that's provided through the internet.
In conclusion, Larry has been given the responsibility of installing a VoIP system in the workplace. He delivers his findings to his supervisor, who is in favor of continuing to utilize the existing hard phones in order to save costs. The older phones do not have the capability to participate in conferences. But VoIP hard lines do.
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Inventory shrinkage can be determined by comparing the?
Inventory shrinkage can be determined by comparing the information from perpetual inventory system to the physical count. Beginning Inventory plus purchases minus cost of goods sold to the actual inventory balance from a physical count.
A perpetual inventory system, as opposed to a physical inventory, is a program that continuously assesses your inventory based on your electronic records. This approach starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.
Perpetual inventory, also known as continuous inventory, in business and accounting/accountancy refers to systems of inventory where data on inventory quantity and availability is updated continuously as a function of conducting business.
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China has a much higher rate of growth than the united states, but the average chinese household is?
In 2021, the annual per capita disposable income of urban households in China amounted to approximately 47412 yuan.
Although China occupies a unique niche in the world's political economy, its vast populace and large physical size alone mark it as a powerful global presence. It is still possible to look at the Chinese experience and draw some general lessons for other developing countries. Most important, while capital investment is crucial to growth, it becomes even more potent when accompanied by market-oriented reforms that introduce profit incentives to rural enterprises and small private businesses. That combination can unleash a productivity boom that will propel aggregate growth. For countries with a large segment of the population underemployed in agriculture, the Chinese example may be particularly instructive. By encouraging the growth of rural enterprises and not focusing exclusively on the urban industrial sector, China has successfully moved millions of workers off farms and into factories without creating an urban crisis. Finally, China's open-door policy has spurred foreign direct investment in the country, creating still more jobs and linking the Chinese economy with international markets.China's strong productivity growth, spurred by the 1978 market-oriented reforms, is the leading cause of China's unprecedented economic performance. Despite significant obstacles relating to the measurement of economic variables in China, these findings hold up after various tests for robustness. As such, they offer an excellent jumping-off point for future research on the potential roles for productivity measures in other developing countries.To learn more about China's economy: https://brainly.com/question/3457955
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Which resource management activity identifies and verifies that personnel are qualified.
Credentialing resource management activity identifies and verifies that personnel is qualified.
What is management?Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity. It is both the science and the art of managing a company's resources.Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.What roles does management play?Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level. These five responsibilities are a part of a corpus of guidelines and management-related beliefs.Learn more about management here:
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Why are wages and salaries generally determined by the market for labor? the forces of supply and demand are more powerful than any government regulation. other than minimum wage, the government does not determine pay for various jobs. business firms are suppliers and workers are demanders in the market for labor. the market for labor is the same as the product market, so prices and wages match.
The market for labor is the same as the product market, so prices and wages match thus wages and salaries generally determined by the market for labor.
How do wages affect the supply of Labor?A rise in wages makes labor more expensive relative to capital, firms will substitute capital for labor. This means that less labor will be used to produce whatever output the firms in the industry sell. If the wage is free to adjust in response to market forces it will move to We, where the demand for labor equals the supply. A higher wage increases the opportunity cost or price of leisure and increases worker incomes. The effects of these two changes pull the quantity of labor supplied in opposite directions. A wage increase raises the quantity of labor supplied through the substitution effect, but it reduces the quantity supplied through the income effect.
The correct answer is option C.
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The labor market exists the same as the product market, so prices and wages match therefore wages and salaries are generally specified by the market for labor.
What is the difference between wages and salaries?A wage exists as a payment created by an employer to an employee for work done in a distinctive period. Some examples of wage payments contain compensatory costs such as minimum wage, prevailing wage, and yearly bonuses, and profitable payments such as prizes and tip payouts. The definition of a salary exists as a regular fixed payment that an individual gains for performing work during a precise period. An example of salary stands the fixed salary of $100,000 a year paid to a doctor. Fixed compensation for services, paid to an individual regularly.
A rise in wages makes labor additional expensive relative to capital, firms will replace capital for labor. This indicates that less labor will be used to produce whatever output the firms in the industry sell. If the wage exists free to adjust in response to market forces it will move to We, where the demand for labor equals the supply. A higher wage raises the opportunity cost or price of leisure and increases worker incomes. The consequences of these two changes pull the quantity of labor supplied in opposing directions. A wage increase increases the quantity of labor supplied through the substitution consequence, but it decreases the quantity supplied via the income effect.
The correct answer exists in option C.
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A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a.
The right response is Option C which is Restrictive covenant.
Restrictive covenant.
Restrictive covenants are clauses that prevent, prohibit, restrict, or limit the actions of a person or entity named in a contract. Restrictive covenants are common in real estate transactions and apply to everything from the colors you can paint your house to how many tenants can live in a building.What is an example of a restrictive covenant?A restrictive covenant may include things that you can't do with your property, like raise livestock. A restrictive covenant will also include things that you must do, like mow your lawn regularly. The specific restrictive covenants you need to follow will vary depending on where you liveTo learn more about Restrictive covenant. click the links.
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Correct Question - A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a
A) collateral-insurance clause.
B) prescription covenant.
C) restrictive covenant.
D) proscription covenant.
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a process that aids in the formation of short-term and distinct plans that aid in the fulfillment of long-term plans for a business, organization, or individual.Strategic planning helps firms determine and implement long-term plans based on company objectives.Tactical planning has multiple components.Breaking down organizational goals that are longer than two or three years, for example, and constructing a goal-oriented calendar with short-term targets, such as a target for the next three or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
In an economy with ________, there are more prices than in an economy with ________.
In an economy with Barter, there are more prices than in an economy with Money.
A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
A carpenter who constructs a fence for a farmer is a straightforward illustration of a barter transaction. The farmer might compensate the carpenter with $1,000 worth of crops or groceries rather than paying the builder $1,000 in cash for labor and supplies.
Economists define money, where it comes from, and what its worth. Here are the multifaceted characteristics of money. A medium of exchange that is money, people would barter to obtain the goods and services they needed. Two individuals, each possessing some goods the other wanted, would enter into an agreement to trade.
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What are the types of jobs related to agriculture and Forestry? Explain any two of them.
Answer:
Explanation:
Agricultural Inspectors Bachelor's degree Find Local Training
Agricultural Technicians Associate's degree Find Local Training
Buyers and Purchasing Agents, Farm Products Bachelor's degree Find Local Training
Farmers and Ranchers High school diploma or equivalent Find Local Training
here are some I found
What should you do if the severity of risk is low and the frequency of the risk event occurring is high?
If the severity of risk is low and the frequency of the risk event occurring is high thanwe should Avoid the risk.
High Frequency/ High Severity- Risks are almost certain to occur and when they occur impact will be very high. In such a case it is best to use Avoidance as a risk management technique. If avoidance is not possible then prevention and insurance techniques can be considered. High frequency/ Low severity- This more serious risk and occurrence is high but the impact is low. Examples of such risks include workers’ injuries and shoplifting. A common way to manage this type of risk is through Prevention.
Low frequency/ High severity- The impact of these kinds of risks is very high and can bankrupt a business. Insurance is the best technique to manage these risks that have low loss frequency and high loss severity. Low frequency/ Low severity- Retaining and self-insuring the risk. Risk occurrence is low and impact is also very low. In most cases, the costs of managing them outweigh the cost of retaining them.
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Julie is a hair stylist. she makes $10.25 an hour, plus $6 extra for every haircut she performs. This week she worked a total of 40 hours and performed 46 haircuts. How much money did she make?
Answer:
$686
Explanation:
Equation:
Total money earned = 10.25y + 6x
y = total hours
x = number of haircuts
Factoring in the numbers the Equation now is:
Total money earned = 10.25 (40) + 6 (46)
Total money earned = $686
Help ASAP please
The Federal Reserve Bank lowered the required reserve ratio to 0% across the board in 2020. Explain the potential reasoning behind this lowering to 0% and its intended effect on the economy.
The reasoning behind lowering the required reserve ratio to 0% is to increase the money supply. The intended effect is to boost production activities.
What is an expansionary monetary policy?
Expansionary monetary policy are polices taken to increase money supply. When money supply increases, aggregate demand increases and this boosts production.
Reducing the required reserve ratio and open market purchase are ways of carrying out expansionary monetary policy
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Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the:_______
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.
The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.
A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.
The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.
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What is the covariance for two securities with returns that are unrelated to each other?
a. positive
b. negative
c. zero
A correct option is option (c), i.e. zero
What is the covariance?
The covariance statistic gauges how closely two variables are related to one another. A positive covariance indicates a tendency for both variables to be high or low simultaneously. When there is a negative covariance, one variable tends to be high while the other tends to be low.
Why is covariance important?
Covariance can be utilized to increase diversification in an asset portfolio. A portfolio's overall risk can be quickly decreased by including assets with a negative covariance. Covariance offers a statistical gauge of the risk associated with a variety of assets.
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The most important use of gdp is as a measure of: group of answer choices the size of the economy. the level of unemployment. changes in the price level. rates of return in financial markets.
The most important use of GDP is as a measure of the size of the economy.
One of the most used metrics for measuring economic performance is the gross domestic product (GDP).
A nation's gross domestic product (GDP) is a measure of all the output produced within a specific time period.
To account for seasonal differences due to weather or holidays, the GDP is seasonally adjusted. Inflation is also taken into account when calculating the GDP, which is the most carefully monitored GDP indicator, in order to reflect output changes rather than changes in the prices of goods and services.
Either nominal or real terms can be used to express GDP. Because nominal GDP is computed using the value of the products and services produced as gathered, it takes into account both the value of output and changes in the overall pricing of that output.
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If llama company has paid out more in dividends than it has had in net income, over the lifetime of the company, then the balances in the stockholders’ equity should show?
If a company has paid more in the dividends than it has in net income then in that case it will have a negative balance in the earning account.
Any company will distribute the dividends to the stakeholders only from the profit that it have earned, the dividend is the profit or surplus amount that company have earned and company is able to pay the a proportion of profit to the stakeholders.
And amount which is not distributed in the dividend is reinvested in the business which is called retained earning.
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The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?
The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.
A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.
In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.
A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.
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Fine properties, inc. , negotiates with general maintenance corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be.
To be enforceable, an estimate of the damages from a breach must be difficult.
Liquidated damages clauseA liquidated damages clause establishes a predetermined quantity of money that must be paid as damages for disappointment to act under a contract. The liquidated damages is to be the parties' best estimate of the damages that will be caused by a breach at the time they sign the contract.
A liquidated damages clause iis unenforceable in 2 circumstances:
(1) if the damages streaming from a breach of the contract were ascertainable at the time of implementation;
or
(2) if the damages fixed were conspicuously undue to the potential losses.
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A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between that currency and other currencies is determined by the reference currency exchange rate.
Answer:
it'll be the currency rate
Simulated test markets (stms) are often run in shioping malls where consumers are?
Simulated test markets (STMs) are often conducted in shopping malls where consumers are asked who uses the class of product being tested.
There are three types of test markets: the standard test market, the control test market, and the mock test market. consumer goods marketers are the primary users of the test market. consumer goods (CPG) are products sold in packaging that consumers use almost every day.
Trial marketing: the term is commonly used to denote an experiment, study, or test conducted in a field setting. used to test new advertisements, promotions, products, prices, etc. use of test markets.
Managed test marketing: In this test, the company selects specific stores in various regions and asks them to stock new products for a fee. The company manages shelf locations, displays, POS promotions, and pricing.
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What did milton friedman and e. s. phelps argue with respect to the phillips curve?
Milton and phelps argued with the concept of phillips curve because it cannot work in the long run to become aware of aggregate demand and supply.
Government could not trade higher priced goods for lower employment. The phillips curve could accurately guide policy and procedure makers in short run or for a short period of time. This cause a relative negative relation between rate of employment and wage labor curve.
It is argued by the two economists when the nominal rates and wages were adjusted finally. It also states inverse relationship between the various curves operating respect in the economy. It is a upward rising curve.
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Jan's tees aims to create t-shirts from natural materials that are fully reusable and recyclable so that the firm uses zero resources to manufacture the shirts. This is known as?
Jan's tees aim to create t-shirts from natural materials that are fully reusable and recyclable so that the firm uses zero resources to manufacture the shirts. This is known as cradle-to-cradle thinking.
Greenwashing is the process of giving false impressions or misleading information about how a company's products can be made more environmentally friendly. Greenwashing is seen as unsubstantiated claims to deceive consumers into thinking that a company's products are environmentally friendly.
Greenwashing is the process of misleading consumers and falsifying facts in order to portray a product as sustainable, environmentally friendly, and ethical. It's mismarketing and, unfortunately, a hindrance to real progress when it comes to brand accountability and customer knowledge.
Greenwashing presents non-climate-friendly or eco-friendly products as climate-friendly or eco-friendly, says Jeremy moss, professor of art, design, and architecture.
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The adjective that best defines the market behavior of any country is:_______
a. proactive.
b. fixed.
c. constant.
d. evolving.
e. static.
The adjective that best defines the market behavior of any country is evolving.
The fun dimension is a relatively new dimension in models. This dimension is defined as the extent to which people try to control their desires and impulses because they were raised.
Culture can be defined as all the ways of life, including the arts, beliefs, and institutions of a population, that are passed down from generation to generation. culture has been described as “the way of life of the whole society”. as such, it includes codes of conduct, dress, language, religion, rituals, and art.
It is defined as the socially mediated patterns of behavior, beliefs, values, and habits that characterize a group of people and guide their thinking and decisions.
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When winifred planned her trip to cambodia, she spent months evaluating packages, airfares, and hotel accommodations. winifred’s trip is an example of a(n) ________ product.
When Winifred planned her trip to Cambodia, she spent months evaluating packages, airfares, and hotel accommodations. Winifred’s trip is an example of a(n) Shopping product.
Where is Cambodia?With a total area of 181,035 square kilometers (69,898 square miles), Cambodia is a country in Southeast Asia. Officially known as the Kingdom of Cambodia, it is bordered to the northwest by Thailand, to the north by Laos, to the east by Vietnam, and to the southwest by the Gulf of Thailand. Phnom Penh is the nation's capital and largest metropolis.There are over 17 million people living in the independent country of Cambodia. More than 97 percent of the population practices Buddhism, which is recognized as the official national religion in the constitution.The minority populations of Cambodia include the Vietnamese, Chinese, Chams, and 30 hill tribes. With two distinct seasons and a central floodplain centered on the Tonle Sap Lake and Mekong Delta that is encircled by high terrain, Cambodia has a tropical monsoon climate. Phnom Penh, Cambodia's capital and largest city, serves as the nation's political, economic, and cultural hub.To know more about Cambodia with the given link
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