You Were Recently Hired As The Head Of The PMO Of A Company Which Is Transitioning Into A Projectized (2024)

Business High School

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Answer 1

To outline the control process, you listed three broad elements the first element would be a. set project baseline

Three basic elements of the management process in an organization include standard settings, performance measurements, and performance comparisons with standards.

Industrial process control in continuous manufacturing processes is the field that uses industrial control systems to achieve production levels of consistency, economy, and safety that were not achievable with purely human manual control.

This question is incomplete. Please read below for the complete question

You were recently hired as the head of the PMO of a company which is transitioning into a projectized organizational structure to implement projects using the waterfall approach. You would like to develop a project control process for measuring and evaluating project performance.

To outline the control process, you listed three broad elements. Which of the following is the first element?

a. Set project baselines

b. Measure project performance

c. Compare planned performance to actual results

d. Set a reward system

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Related Questions

An employee organization that represents workers in employee-management bargaining over job-related issues is called a(n)

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When an employee organization is formed to represent workers in employee-management bargaining, they are called a Union.

What is a Union?

This refers to an organization that is founded for workers to be able to collectively bargain with management over issues that affect them at work.

The union would therefore act as a representative for the workers when important job issues need to be discussed.

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Many japanese car firms are willing to give up immediate profits for long-term penetration of the market. this is a pricing objective known as:_______

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Many Japanese automakers are prepared to forgo short-term gains in exchange for market penetration over the long run. This price goal is referred to as managing for long-term profits.

What are the pricing objectives?

The goals that direct how your company sets prices for your product or service are referred to as pricing objectives. Both new and existing customer pricing can and should follow these goals. The guidance provided by pricing objectives is essential for modifying prices over time to achieve your goals.

Pricing goals can include things like maximizing profits, boosting sales volume, matching competitors' prices, discouraging competitors, or even merely surviving. To successfully accomplish your company objectives, you must use a separate price-setting technique for each pricing purpose.

The overall pricing process is guided by the objectives or aims of pricing. Pricing starts with figuring out what your goals are.

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A manufacturing firm employs workers to monitor and maintain specialized machines making small metal parts. Which economic questions does this statement answer?

A.) How much to produce? How much to charge?
B.) How to produce? How much to produce?
C.) What to produce? For whom to produce?
D.) What to produce? How to produce?

Answers

The manufacturing firm will ask the economics question as D.) What to produce,How to produce.

Manufacturing company approach a firm concerned with extracting, smelting, recuperating, growing, getting ready, compounding, changing, assembling or generating in any way, minerals, uncooked materials, merchandise or materials of any type or nature, and shall encompass centers associated thereto for storage, warehousing.

The 3 types of manufacturing we're in the end regarding, make to stock manufacturing, make to reserve production, and make to bring together manufacturing.Those 3 styles of manufacturing are as a substitute not unusual among manufacturers.

The term manufacturing refers to the processing of uncooked materials or parts into finished items via using gear, human labor, equipment, and chemical processing. manufacturing lets in companies to sell completed merchandise at a better fee than the fee of the raw substances used.

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Which of the following is NOT one of a wholesaler's channel functions? Group of answer choices off-price retailing financing risk bearing bulk breaking transportation

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D) category killers are not one of a wholesaler's channel functions.

Category killer is a big everything-in-one save that dominates a product category. it's a serious competitor for different smaller stores as it generally has a wide selection of merchandise and lower expenses. Its market penetration, pricing, and product collection offer such huge-container shops a competitive benefit.

A completely famous or a successful product, keep, and many others., that dominates the competition in a specific category Their approach brought seek consequences that creamed the competition's, and it served them up in an easy, quick-loading, no-frills format.

We keep our taxonomy of regulation companies with a term i've borrowed shamelessly from the retail enterprise, “category Killers.” In retail, these have traditionally been huge container shops with exhaustive stock and wickedly aggressive fees on one deep “vertical” class of merchandise: domestic Depot and Lowe's.

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

Which of the following is NOT one of the main types of off-price retailers?

A) independents

B) factory outlets

C) warehouse clubs

D) category killers

E) membership warehouses

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A ________ can educate customers when discussing their products or services and create excitement when they promote special offers.

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One way to educate customers when discussing the products and servicers of a company is by using a C. Corporate blog.

What is a corporate blog?

This is a tool/ blog that allows the various customers of a company to discuss the goods and services on offer.

These discussions shed more light on the goods and the company can sometimes use them to promote special offers.

Options for this question include:

A. freemium App

B. network effect

C. Corporate blog

D. Page Search

E. professional blog

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Negotiations between unions and a firm or firms is called _____________________ .
a. collective bargaining
b. cooperative bargaining
c. united bargaining
d. organized bargaining

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Answer:

cooperative bargaining

Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.

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Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes. The notes that are taken during a meeting are called meeting minutes.

Which of the following is a compound sentence?

Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.

They highlight the important topics being addressed, the motions being made or voted on, and the upcoming tasks. A selected group member typically records the minutes of each meeting. It is their responsibility to present an accurate account of the meeting's events. Taking minutes will be much easier if a meeting is well-planned in advance. Nevertheless, the agenda for the meeting should be decided in advance by the chairperson and the secretary or minutes-taker. For instance, the person taking minutes could collaborate with the meeting's chair to establish an agenda and guide the meeting's structure. As a result, the person needs to approach the committee chair and inquire about their participation in the meeting. For instance, if motions are going to be proposed during the meeting, the designated member should find out if he needs to give the names of the motion proposers and seconders.

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Complete question:

Which of the following is a compound sentence?

a. Raymond applied for the position, and he was called for an interview two days later.

b. It's highly likely that your request for leave will be approved.

c. If you have any questions, please e-mail me.

d. Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.

The cash outflow at the start of a project is termed the initial capital investment, and includes?

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The cash outflow at the start of a project is termed the initial capital investment, and includes any investment in fixed assets required by the project.

A project cash flow includes revenue and costs. Project cash flow refers to how the cash flows in and out of an organization in regard to a specific existing or potential project.

Initial investment is the amount required to start a business or a project. The cash flow in the initial investment stage is estimated mainly at planning stages of a business or a project. Fixed capital, salvage value, working capital, tax rate, and book value are considered, while calculating the initial cash flows.

Hence, the cash outflow at the start of a project includes any investment in fixed assets required by the project.

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Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exception

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Each of the following, except one, is a condition that characterizes a perfectly competitive labor market in option B. workers receive wages that are above their marginal revenue product (MRP).

In developing countries, labor markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty. Ultimately, having a decent, well-paid, and secure job is the most sustainable path to increasing incomes and consumption levels.

That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at higher wages. Although employers, who demand labor, prefer lower wages, workers, who supply that labor, prefer high wages.

Your question is incomplete. Please read below for the missing content.

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exception?

a. Workers appear identical to firms.

b. Workers receive wages that are above their marginal revenue product (MRP).

c. There are no barriers to entering the labor market.

d. There are no barriers to exiting the labor market.

e. There are many buyers of labor in the market.

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Which are questions financial managers ask when considering long-term financing? (Select all that apply)

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The questions asked by financial managers are:

What funds do we need to achieve the firm's long-term goals and objectives?What sources of long-term funding (capital) are available, and which will best fit our needs?What are the organization's long-term goals and objectives?

Who are financial managers?

This refers to managers that are responsible for the financial health of an organization.

Also, these specialized manages create financial reports, direct investment activities, develop financial goals etc.

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A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees employees, customers, and community customers employees and customers

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A major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.

What is Zappos?Zappos.com is an American online shoe and clothes shop headquartered in Las Vegas, Nevada. Nick Swinmurn started the company in 1999 and launched it under the domain name Shoesite.com. Amazon purchased Zappos in July 2009 in an all-stock transaction valued at roughly $1.2 billion at the time. Amazon paid Zappos for all outstanding shares and warrants in exchange for 10 million shares of Amazon common stock and $40 million in cash and restricted stock. Zappos prioritizes treating its employees with integrity, honesty, and devotion.

Zappos prioritizes treating its employees with integrity, honesty, and devotion.

Therefore, a major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.

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Complete question:

A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees

(A) employees

(B) customers

(C) community customers employees and customers

_____ is a series of activities designed to align and improve individual performance to drive organizational results.

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When a series of activities are designed to align and improve the individual performance of a company so as to drive organizational results, this is performance management.

What is performance management?

Performance management refers to the various actions that a company uses to ensure that its employees are productive enough to meet the results demanded by the organization.

These actions and activities can range from testing employees on the key productivity matrices of their work, to installing new lights and replacing old ones if it means improving performance.

In other words, performance management is a very important part of a business as it drives production which then leads to more goods and services being available for sale, which leads to more revenue, and higher profit.

In conclusion, performance management involves all activities that were made to ensure that employees can drive organizational results.

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The __________ ensures that when consumers provide their verbal agreement during the telephonic enrollment, they acknowledge and understand they are actually enrolling, in which plan they are enrolling, as well as the standard disclosures.

Answers

The statement of understanding ensures that when consumers provide their verbal agreement during the telephonic enrollment.

What is the statement of understanding

This is the statement that is used to show that there is understanding by a customer when he or she signs a document.

This is used to show that the person is well informed based on what they have signed.

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_______ uses skills in mathematics, computer science, and trend analysis to explore multiple, disparate data sources to discover hidden insights that will provide a competitive advantage.

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Data scientist.

Data security is protecting digital data from destructive forces, unauthorized users, and unwanted actions such as cyber-attack or data breaches.

A company's CISO is the leader and face of data security in an organization. The person in this role is responsible for creating the policies and strategies to secure data from threats and vulnerabilities and devising the response plan if the worst happens.

Data security is the process of safeguarding digital information throughout its entire life cycle to protect it from corruption, theft, or unauthorized access. It covers everything—hardware, software, storage devices, and user devices; access and administrative controls; and organizations' policies and procedures.

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Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years

Answers

$995.00 she will have in her account in 11 years

Future Value = Present Value + Present Value * Interest Rate * Time Period

Future Value = $500 + $500 * 0.09 * 11

Future Value = $995.00

Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is calculated by multiplying the daily interest rate by the principal and multiplying by the number of days elapsed between payments.

Simple Interest (SI) is a method of calculating the amount of interest on a particular principal at a particular interest rate. For example, when a person takes out an Rs loan. At a rate of 5000, 10 p.a. for 2 years, the interest for a person for 2 years is SI. To the borrowed money.

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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's

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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

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Michael is preparing the company’s cash budget. When preparing the cash disbursem*nts section, he includes inventory, labor, overhead, selling expenses, administrative expenses, depreciation, dividends, and income taxes. What error did michael make? will cash disbursem*nts be too high or too low as a result of this mistake?.

Answers

Michael included depreciation in his estimate, which would make cash disbursem*nts too high.

Section _____ of the _____ gives the securities and exchange commission (sec) the authority to regulate the solicitation of proxies.

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Section 14(a) of the Securities Exchange Act,1934 gives the securities and exchange commission (sec) the authority to regulate the solicitation of proxies.

Securities Exchange act 1934 is an act which was enacted to provide the proper rules and regulation of securities exchanges and also of the over-the- counter markets which are operating in interstate as well as the foreign commerce and also through the mails, so that inequitable and unfair practices on such exchanges and markets could be prevented at the highest level, and for other purposes such as minimizing the frauds etc.

Meaning of proxy: Proxy is the authority which is defined or selected to represent someone else in the contract, annual general meeting or any other meeting especially for voting purpose.

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Small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as:___________.

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Small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as bootstrap marketing stratergy.

Companies that lack a large staff of marketing specialists frequently use "bootstrap marketing" to promote their brands. Pulling oneself up by one's bootstraps is the expression from which "bootstrap marketing" gets its name. Marketers who employ bootstrapping strategies rely more on fortitude, cunning, and strength than on significant expenditures and cutting-edge technology.

One of the earliest, most efficient, and budget-friendly elements in any bootstrap marketing effort are business cards. It's customary to trade business cards during in-person social events. Some marketers purposefully tuck business cards into reference books on their industry.

Local social networking sites give business owners a direct channel of communication with local clients, while internet social networking expands that reach globally.

Hence, Small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as bootstrap marketing stratergy.

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small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as bootstrap marketing strategies.

What is Bootstrap Marketing? It's mostly a mindset. It allows you to do more than you think—and you don't have to invest much to do it. When it comes to marketing, you have to think outside the box. In other words, bootstrapping means doing things yourself at little or no cost.

A bootstrap marketing plan should achieve three goals: Identify specific target markets that your small business serves. Identify customer needs and desires through market research. Strategies around them to communicate their value proposition to the target market.

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In the past, conducting inspections at the end of the production line was the approach to___________.

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In the past, conducting inspection at the end of the production line was the approach to the quality check. A technique or series of procedures called quality control is intended to make sure that a manufactured product or service adheres to a defined set of quality criteria or meets the needs of the client or customer.

QC is similar to, but not the same as, quality check . While QA refers to the confirmation that a product or service meets specific requirements, QC refers to the actual inspection of these elements. The scope of QC actions must then be determined.

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Business cycles refer to the:____.
a. continued expansion in real gdp.
b. recurrent swings (up and down) in real gdp.
c. continued decline in real gdp.
d. period when real gdp grows at unusually high rates.

Answers

Business cycles refer to the recurrent swings (up and down) in real GDP.

Economic downturns were seen by economists in both the United States and Europe as "diseases" that needed to be addressed; as a result, countries with a history of development and prosperity were considered to be "healthy" economies.

However, by the end of the 19th century, a large number of economists had come to understand that economies were cyclical by their very nature, and research was increasingly focused on identifying the primary factors that shaped the direction and disposition of national, regional, and industry-specific economies.

Economic experts, corporate leaders, and business owners point to a number of elements as being particularly crucial in determining the character of business settings today.

Hence, option C is correct.

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What output quantity will the monopolistically competitive firm produce to maximize profits?

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The output quantity which the monopolistically competitive firm produce to maximize profits is when, "the marginal cost equals the marginal revenue."

In the monopolistically competitive firm, a monopolist can determine its profit-maximizing price and quantity by analyzing the marginal revenue and marginal costs of producing an extra unit. If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.

The profit-maximizing quantity is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost. Thus, producing any more or less would decrease profits.

Hence, the monopolistically competitive firm produce output quantity when the marginal cost equals the marginal revenue.

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The practice of buying goods and services now and paying for them later is termed:______

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The practice of buying goods and services now and paying for them later is termed is Bartering.

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.

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The standard of living for a nation's people depends mainly on:

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The standard of living for a nation's people depends mainly on the quality of the natural environment.

The standard of living is the level of income, comfort, and services available that are generally social and location-related rather than individual. The standard of living is appropriate because it is believed to contribute to a person's quality of life.

Standard of living generally refers to a particular class of wealth, comfort, material goods, needs, or more objective traits in a particular discipline, but quality of life is more subjective and intangible. Personal freedom or quality of the environment.

Standard of living refers to the level of wealth, comfort, supplies, and necessities available in a particular socio-economic class or geographic area.

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When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on _____.

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When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on Intuition.

A judgment rendered towards a character (or company) for the fee of cash damages. synonyms: judgment in personam, judgment in personam, personal judgment.

Two phrases regularly used to describe personal judgments are responsibility and responsibility. folks that display an exquisite deal of private judgment have a foundation of ethical character and personal judgment is a basis for powerful hassle solving.

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____________ is a completely inadequate mechanism ____________________ in a modern advanced economy.

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Barter is a completely inadequate mechanism to trade in a modern advanced economy. A barter is a transaction in which two or more persons exchange their products or services without exchanging the cash. In its simplest form, barter entails exchange of one party's good or service for another party's goods or service.

When two people each have goods the other wants, they can figure out mechanism of what those things are worth and how much to give to make the most use of their resources. Barter predates the creation of actual hard cash and is world's oldest form of trade.

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Of the various alliances discussed in the mini-case, which one, by pairing a u.s. firm with one based in istanbul, is clearly a cross-border strategic alliance?

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The DowAksa firm is the one based in Istanbul that is clearly a cross-border strategic alliance such as as various alliances discussed in the mini-case.

What is a strategic alliance?

This refers to the arrangement between two companies to undertake a mutually beneficial project while each retains its independence.

The DowAksa is an exemplary case of a thriving 50/50 Turkish-American joint venture that helps to brings one of the most strategic products in the world preferred by global companies to Turkey.

This firm is 50:50 joint venture between Aksa that is world leader in acrylic fiber and Dow that is a leading global materials science company.

Therefore, the Option A is correct.

Missing options "a. DowAksa b. Cisco and IBM c. SkyTeam d. First Solar, Inc. and SunPower Corporation"

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An e-newsletter of your professional accomplishments that you distribute to qualified hiring authorities and contacts should include:______.

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An e-newsletter of your professional accomplishments that you distribute to qualified hiring authorities and contacts should include the following components:

Career summary: Career summary helps the potential employers to get a quick grasp of employee as a professional, one need to include a career summary.

Philosophy statement :A philosophy statement is sometimes known as a mission statement. It describes the things about the profession that matter the most to job seeker.

Short biography of the job seeker.

Resume : It’s important to include resume of jobseeker here, even though it has been already submitted the resume with the application.

Marketable skills and abilities : It is very important to include the marketable skills and abilities. Some common marketable skills include: Project management, Critical thinking, Taking initiative, Leadership, Public speaking etc.

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A company with significant assets and activities in multiple countries is known as a(n):____.
A) multinational corporation.B) repatriated corporation.C) transferable corporation.D) duplicate corporation.E) emancipated corporation.

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A company with significant capital and activities in multiple countries is known as a multinational corporation.

A multinational corporation generally has offices or factories in different and multiple countries and a centralized head office where they coordinate global management.

Other than its home country, a multinational corporation has facilities and other capital in at least one country. Many multinational enterprises are based in developed nations.

The multinational advocates create high-paying jobs and technologically advanced goods in countries that otherwise would not have reach to such opportunities or goods.

Some examples of multinational corporations include- Apple, Samsung, Starbucks, Ikea, Nike, McDonalds, Pepsi etc.

Hence, option A is correct.

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If the balance on goods is --$816 billion and the balance on services is $107 billion, what is the balance of goods and services in the current account?

Answers

If the balance on goods is --$816 billion and the balance on services is $107 billion, what is the balance of goods and services in the current account will : increase by $709 billion.

Balance of goods and services in the current account

Using this formula

Balance of goods and services= Balance on goods +Balance on services

Where:

Balance on goods= --$816 billion

Balance on services =$107 billion

Let plug in the formula

Balance of goods and services= --$816 billion +$107 billion

Balance of goods and services= $709 billion Increase

Therefore If the balance on goods is --$816 billion and the balance on services is $107 billion, what is the balance of goods and services in the current account will : increase by $709 billion.

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You Were Recently Hired As The Head Of The PMO Of A Company Which Is Transitioning Into A Projectized (2024)
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