BIGS stands for Business Intelligence and Global Sourcing. It is a program created by BP Lubricants that aimed to consolidate and streamline their procurement processes globally.
One of the primary challenges that BP Lubricants faced was the lack of transparency and standardization in their procurement processes. This was particularly true in regions where the company had a decentralized procurement model. As a result, there was a lack of visibility into supplier performance, supplier spending, and contract compliance.
To address these challenges, BP Lubricants developed the BIGS program, which involved consolidating its procurement operations into a single global procurement function. The company also implemented a new procurement technology platform to manage its procurement processes globally. This platform provided greater visibility into supplier performance and spending, as well as enhanced analytics capabilities.
The results obtained from the BIGS program were impressive. The company was able to reduce procurement costs by over $100 million per year and achieved a 90% compliance rate with its new procurement policies. Additionally, the program led to improved supplier performance and greater transparency in supplier relationships, which helped to improve the overall performance of the company.
In conclusion, the BIGS program was a significant success for BP Lubricants. It allowed them to overcome many of the challenges they faced with their procurement processes and helped them to achieve significant cost savings and improved supplier performance. By leveraging technology and adopting a more centralized procurement approach, BP Lubricants was able to create a more efficient and effective procurement function that was better able to support the company's strategic objectives.
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A company's external sources of new product ideas include its ________.
A company's external sources of new product ideas include its managers.
What does a corporation mean?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
Can you call a business a person?Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes. A company may be referred to as a "legal person" by some.
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Management mid term review / 22 of 60
Three factors that affect the organizational structure of a business include interpersonal relationships, tasks, and:
OA. initiative.
OB. authority.
OC. attrition.
OD. injunction.
Interpersonal relations, tasks, and authority are three elements that have an impact on a company's organizational structure. The appropriate choice is (B).
What does management mean?Management is the process of carrying out the work or activity required to achieve an organization's objectives in an efficient and effective manner. The procedure implies the management duties. Therefore, there is involvement in preparing, planning, staffing, directing, and managing.
What three styles of management are there?Management styles can be divided into three major categories: autocratic, democratic, and laissez-faire. There are particular subtypes for management styles that fall under these categories, each with advantages and disadvantages.
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What are examples of a fixed expense?
Examples of fixed expenses include rent or mortgage payments, insurance premiums, loan payments, and property taxes.
Fixed costs will be costs that don't adjust relying upon the action level. Fixed expenses frequently don't change considerably more from month - to - month and are somewhat consistent. Publicizing, contribution, plan resources, protection, and lease are a couple of instances of fixed costs.
Any cost that is steady over the course of time, like lease or home loan installments, service bills, including credit installments, is alluded to as a proper cost. Albeit the sums could shift marginally — likewise with utilities — you know that they are routinely due.
Fundamental expenses, for example, those expected every month to support a negligible personal satisfaction, may be remembered for fixed costs. Home loan or lease installments are two instances of the most regular fixed spending types.
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Based on the information that you have read about karman's floral shop, what is the shop's profit per arrangement? $10.00 $15.00 $25.00 $35.00
Karman's floral shop has profit $15.00 of per arrangement based on the information provided.
Option B is correct.
Calculating the problem:Production cost for 1 flower arrangement = $10.00
Shop is $25.00 per arrangement.
Let C be the production cost of the flower arrangement and S be the selling price.
So the profit P is
⇒ P = S - C
⇒ P = 25.00 - 10.00
⇒ P = $15.00
Therefore, the store's profit per arrangement is $15.00.
Why is profit calculated?Profit indicates that you have more income than you spend. Gross profit shows that goods and services are sold above cost. Operating profit shows that we are profitable after paying non-interest expenses. Net income shows that you are making a profit after paying all expenses and taxes.
Why is profit important?In a capitalist economy, profit plays an important role in incentivizing companies and entrepreneurs. For established firms, higher profit rewards encourage attempts to reduce costs and develop new products.When the industry is profitable, it encourages the entry of new firms.
Question is incomplete .Missing options are:
Karman's Floral Shop has determined that the cost of production for one floral arrangement is $10.00. The shop charges $25.00 per arrangement.
Based on the information that you have read about Karman's Floral Shop, what is the shop's profit per arrangement?
A. $10.00
B. $15.00
C. $25.00
D. $35.00
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Arrange these complexes in order of octahedral splitting energy, Delta 0.
So, the order of octahedral field splitting Δo will be
[Cr(CN)6]³⁻ >[Cr(H2O)6]³⁺>[Cr(Cl)6]³⁻
What is octahedral splitting?The term crystal field splitting energy (o), where the subscript o stands for octahedral, refers to the energy difference between the two sets of d orbitals. As we'll see, the size of the splitting is influenced by the charge on the metal ion, the metal's location in the periodic table, and the type of ligands used.
What does octahedral complex crystal field splitting entail?Simply said, in crystal field splitting, the d orbitals are split into the t2g and eg energy levels depending on how ligands interact with them. Following is a graphic of the d orbitals in the xyz plane that explains the six ligands that are bonded to the center metal ion of the octahedral complex.
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The correct question is:
Arrange these complexes in order of octahedral splitting energy, δ0.
A) (Cr(CN)6)3−
B) (CrCl6)3−
C) (Cr(H2O)6)3+
When the demand for a product is perfectly inelastic a price increase will result in?
If demand is not responsive to price changes, raising the price will lead to lesser revenue. Price changes have no effect on how much of a thing is bought when the price elasticity of demand for that good is completely inelastic; yet, higher prices will always lead to higher total revenue.
The quantity falls to zero as the price changes, which is referred to as being completely elastic. If the quantity is totally inelastic, a change in the price has no effect on it at all.
When the quantity of a product wanted remains constant regardless of price changes, this is referred to as perfectly inelastic demand. As a result, the provider may set any price they like and consumers will still be eager to purchase the good.
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What type of visuals can you use to quickly grab the attention of your audience and create interest?
Try using infographics. This provides your audience with a visual aid and emphasizes your point.
Interesting or surprising stats are spot on and unnerving for your audience. Audiences quickly understand what the speaker is trying to say and are not lost in abstract information. Statistics give a presentation a specific purpose and can also give the presenter credibility. Be sure to round the statistics. Because integers are easier to understand than decimal places. Try using infographics. Provide visual aids to your audience and emphasize your main points.
Be open to your audience. Engaging the audience mentally creates images in their minds and tensions. Start the sentence with "Close your eyes and imagine..." and then continue with something related to your message.
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What happens when supply and demand meet at equilibrium?
When supply and demand meet at the equilibrium then if the increase in demand is more than the decrease in supply, then the equilibrium quantity tends to increases.
If the increase in demand is considered to be less than the decrease in supply, then the equilibrium quantity tends to decrease. In both cases, the equilibrium price tends to increase. So, an increase in demand and a decrease in supply will tend to cause an increase in the equilibrium price.
However, an increase in the demand tends to shift the demand curve to the right. So then the two curves intersect at a higher price. Whereas the equilibrium prices tend to typically change for most of the goods and services.
Hence, the equilibrium is considered to be the only price where quantity demanded is equal to the quantity supplied.
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John and Sarah are each saving money for a car. The total amount of money John will save is given by the function f(x)
To finance framework advancements of booming cities. Finance charges were foundations by the 16th Correction to the Joined together States Structure: Security of staff data.
What must happen in case the manager and appropriate accomplice are not able to concur where a joint choice is required?
The employer's choice wins in joint things, in case an understanding cannot be come to. Be that as it may, the boss must sensibly endeavor to concur on any joint matter that's required by the Directions .
What are the four categories of work environment violence?
Types of Work environment Violence
Type 1: Criminal Expectation. Type 2: Customer/Client. Type 3: Worker-on-Worker. Type 4: Individual Relationship.To learn more about 16th Correction here:
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Which among the following is best defined as the study of scarcity and its implications for the use of resources?
Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
What is the primary economic impact of scarcity?A fundamental idea in economics is scarcity. When a good or service is in higher demand than it is readily available, it is said to be in excess of its capacity. Due of this, consumers, who ultimately drive the economy, may not have as many options as they would want.
Which of the following best describes a scarce resource?Answer and justification The right response is b because there is a shortage of resources compared to the demand for them. The discrepancy between people's seemingly limitless needs and the economy's finite resources is known as scarcity, and it is considered to be an economic problem.
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Brain drain has occurred in many socialistic nations because:
Brain drain has passed off in many socialistic nations because: Tax charges on well-respected gurus such as doctors, engineers tend to be very high. Fiscal policy includes increases or decreases in: Government spending and taxes
The internet advantages of human capital flight for the receiving united states are on occasion referred to as a "brain gain" whereas the net prices for the sending country are occasionally referred to as a "brain drain".
What are talent drains called?In Detail: A ventriculostomy drainage device permits removal of cerebrospinal fluid from the talent in order to preserve a imperative balance of fluid and pressure inside the skull.
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https://brainly.com/question/1558061#SPJ4What is a credit score and what does it represent?
The credit score is having three types of credit score which is Experian, Equifax and Transunion. The credit score represents the individual credit-worthiness.
The credit score is the format of credit files which is used to analysis and evaluate the creditworthiness of the client that helps the client to find out the credit type score.
The type of credit score which is defined for the particular branch or agency like for debt, education, loan purposes under the Experian, Equifax and Transunion credit scores. It is used to represent the person credit files and worthiness. It is basically check the number of repayment and credit history.
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Which of the statements about B2B e-commerce is correct?
The transactions involve review by a team of people before making a purchasa decision
The and consumer is the decision-maker in the traniachoni
B2B websites offer fixed, consistent pricing for all purchases.
Shopping websites use B2B +-commerce
Option (A), A group of individuals examines the transactions before making a purchasing decision. This facts about B2B e-commerce are true.
Give an illustration of B2B e-commerce.B2B ecommerce involves transactions between a manufacturer and a wholesaler or a wholesaler and a retailer over an online sales platform. B2B e-commerce is one of the sales methods with the fastest growth. Some estimates have the value of the B2B ecommerce market for goods and services at over $12 trillion, and in the US, it represents 13% of all B2B sales.
What advantages could B2B e-commerce provide?The best venue for organizations to launch big analytics campaigns is B2B ecommerce. Businesses can immediately evaluate the effectiveness of their marketing plans, sales strategies, product mix, inventory turnover, and consumer engagement thanks to e-commerce.
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A.Accounting B.Accounts payable C.Accounts receivable D. Acquire E.Assets F.Balance sheet G. Budget H. Consistent I.Contract J.Data K.Financialstatements L.Income statement M. Information N. Liabilities O. Neutral P.Profitability Q.Public company R.Rate of return S.Relevant T.Trend U. Variance V.GAAP (GenerallyAcceptedAccountingPrinciples) W.IFRS (InternationalFinancial ReportingStandard
1.A change or development in a certain direction 2.A company whose shares are traded on the stock exchange 3.A difference or discrepanc 4.A financial record that measures a company’s performance during acertain period of time 5.A gain or loss on an investment over a certain period of timei 6.A legally binding agreement between two parties 7.A set of guidelines and procedures governing accounting practices
Accounts payable (AP) is the word used to describe liabilities incurred by a business during operations that are still owed and need to be paid immediately.
What do we mean by payables?Any time a company owes money for goods or services that have been supplied but have yet to be compensated for by the company, a payable is established. This can be through a credit purchase from a vendor, a subscription, or an installment payments that is required after receiving goods or services.
What is owed and payable?An sum will not only be outstanding, but also due to be paid, in order for it to become owing and payable. The contract that
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Which of the following is not part of the environmental factors?A. politicalB. Weather condition C.ClimateD. family background of the manager
(D) "Background of the manager's family" is not part of environmental factors.
What are environmental factors?
Any biotic or abiotic component that affects living creatures is referred to as an environmental factor, ecological factor, or eco factor.
The temperature outside, the amount of sunlight, and the pH of the soil and water where an organism dwells are examples of abiotic factors.
Temperature, food, pollutants, population density, sound, light, and parasites are a few examples of environmental influences.
Numerous other types of stress may have effects that are comparable to those produced by the variety of environmental pressures that have been demonstrated to induce asymmetry.
Environmental elements include things like air, water, climate, soil, natural vegetation, and landforms.
Therefore, (D) the "background of the manager's family" is not part of environmental factors.
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Give an example of an infinite collection of open sets in R 2 whose intersection is not open (in the standard topology)
Any union of open sets or an unlimited number of open sets is open. It is open where a finite number of open sets intersect.
The required details for infinite collection in given paragraph
The set of natural numbers is infinite. It is the only set whose axioms directly require it to be infinite. The existence of any other infinite set can be proved in Zermelo-Fraenkel set theory (ZFC), but only by proving that it follows from the existence of natural numbers. A set is infinite if and only if, for every integer, the set has a subset whose cardinality is that integer. If the axiom of choice is true , then the set is infinite if and only if it contains a countably infinite subset. If the set of sets is infinite, or contains an infinite element, then their sum is infinite. The power of an infinite set is infinite Every superset of an infinite set is infinite. If an infinite set is divided into finitely many subsets, then at least one of them must be infinite. Any set that can be mapped to an infinite set is infinite. The Cartesian product of an infinite set and a non-empty set is infinite, the Cartesian product of an infinite number of sets each containing at least two elements is either empty or infinite; if the axiom of choice is true, then it is infinite. If an infinite set is well-ordered, it must have a non-empty and non-trivial subset of that has no maximal element.
In ZF, a set is infinite if and only if the power set of its power set is an infinite Dedekind set with a corresponding equal subset with respect to itself. If the axiom of choice is also true, then infinite sets are exactly infinite Dedekind sets. If an infinite set is a well-ordered set, then it has many good orders that are not isomorphic.
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Why is the FDIC important to banks?
The Federal Deposit Insurance Corporation (FDIC) is important for banks since it ensures banks' customers that their deposits are insured by the agency and the customers will never loss their deposited money even if the bank fail.
The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency who is responsible to insure deposits in US banks in the event of bank failure. FDIC's duties are to provide deposit insurance, supervise and examine banks and savings association to ensure they are operating soundly. FDIC has to confirm that banks comply with the customer protection laws.
FDIC provides deposit insurance for at least $250,000 per insured bank. FDIC deposit insurance covers all type of deposits held at an insured bank. However FDIC does not insure money invested in stocks, and other kinds of securities even if the investments are purchased at an insured bank.
When an insured bank failed to perfom its obligation to its depositors, FDIC will be taking over the bank's responsibilities and assets. FDIC will provide deposit insurance funds and sell the bank's assets to settle its debts.
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Burlington Interview Questions
What makes Burlington Coat Factory appealing to you as a job? and What future plans do you have? are a few illustrations of typical Burlington interview inquiries.
How do you define Burlington Coat Factory?With more than 1,000 stores throughout 40 states and Puerto Rico, Burlington, formerly known as Burlington Coat Factory, is a nationwide off-price department store retailer in the United States. Its corporate headquarters are in Burlington Township, New Jersey.
Tom Kingsbury was appointed president and CEO in 2008 after it was acquired by Bain Capital in a deal in 2007. 2013 was the company's second IPO.
After TJX Companies and Ross Stores, Burlington is the third-largest off-price retailer. Since 1946, Abe Milstein and Monroe Milstein have co-owned a prosperous wholesale and retail outerwear company.
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Customer service levels can be improved by better:
A.
mission statements.
B.
control charting.
C.
short-term forecast accuracy.
D.
exponential smoothing.
E.
customer selection.
Customer service levels can be improved by better C) short-term forecast accuracy.
Short-term forecasting is the practise of making predictions about what will happen soon (we generally think of it as hour-by-hour) and then using that information to develop a strategy to fulfil those demands. Long-term projections are less reliable than short-term ones.
A longer forecasting horizon considerably raises the likelihood that future demand will be impacted by developments we are not now aware of. Any present or recent past conditions that serve as a foundation for or an improvement to the forecast may be included in the short term forecast. The level of detail in the short-term forecast will be determined by the availability of radar, satellite images, and other remote sensing tools.
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Unit-elastic demand exists when the quantity demanded changes by the same percentage as price, and elasticity equals 1.
Unit versatile request is alluded to as a request in which any alter within the cost of a great leads to an similarly relative alter in amount requested.
In other words, the unit versatile request infers that the rate alter in amount requested is precisely the same as the rate alter in price.
When the cost versatility coefficient is break even with to 1 the rate alter in amount requested is?
If the flexibility coefficient is rise to to one, request is unitarily flexible as appeared in Figure 3. For illustration, a 10% amount alter partitioned by a 10% cost alter is one. This implies that a 1% alter in amount happens for each 1% alter in cost.
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how much mortgage interest can i deduct on my taxes
$375,000 can be deduct from home mortgage interest on the first $750,000 if married filing separately of indebtedness. But if we are deducting mortgage interest from indebtedness incurred before December 16, 2017, higher limitations ($500,000 if married filing separately) can be deduct.
In economy, Mortgage interest generally can be defined as the interest charged on a loan used to purchase a piece of property. Mortgage Interest can be calculated from a certain percentage of the full mortgage loan. Mortgage interest has several types, it can be fixed or variable and is compounding. mortgage interest can be claimed by taxpayers up to a certain amount as a tax deduction.
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What is a monthly expense called?
Fixed Expenses, these expenses occur at predictable intervals, typically monthly.
What Do Fixed Expenses Entail?Car, mortgage, rent, insurance, and property tax payments are examples of common fixed expenses. Usually, it is difficult to change these costs. On the bright side, since they are regularly paid and typically remain the same, they are simple to budget for.
Even while it can appear like spending and liabilities are the same thing, they're not. The monthly payments your business makes to fund operations are referred to as expenses. The commitments and debts owing to other people are known as liabilities.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost. Variable costs rise in response to rising production or sales, and fall in response to falling output or sales.
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American businesses get their external funds primarily from:
American corporations get their external funds mainly from: B) Issuing marketable securities is the essential way organizations finance their operations.
C) Direct finance is twice as vital as indirect finance as a supply of exterior cash to business. D) Direct finance is fifty percentage greater vital than oblique finance as a supply of exterior dollars to business.
Why issuing marketable debt and fairness securities is no longer the fundamental way in which corporations finance their operations?Issuing marketable debt and equity securities is not the fundamental way in which companies finance their operations.
Stocks are no longer the most essential source of external financing for businesses. Only large, well-established firms have handy get right of entry to to securities markets to finance their activities.
American businesses get their external funds primarily from:
A) bank loans. B) bonds and commercial paper issues.C) stock issues.D) loans from non-bank financial intermediaries.
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https://brainly.com/question/15232086#SPJ4A strong dollar is normally expected to cause:
A strong dollar is normally expected to cause high unemployment and high inflation in United States.
What is a strong dollar?Both benefits and drawbacks come with a strong U.S. dollar. Some people gain from it, while others suffer. When the value of the dollar increases on the foreign exchange market relative to other currencies, it is said to be strong. A stronger U.S. dollar means it can now purchase more foreign money than it could previously. A strong dollar, for instance, favors Americans traveling abroad but disadvantages foreign visitors to the United States. At year's conclusion, the Invesco DB U.S. Dollar Index Bullish Fund (UUP) had gained roughly 4%. This exchange-traded fund follows an index that gauges how much a dollar is worth in relation to a basket of significant foreign currencies, such as the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
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What programs did Huey Long support when he was governor of Louisiana?
When Huey Long was governor of Louisiana, he was a champion of the people. He supported a variety of programs to help the people of Louisiana, including increasing funding for public education, providing grants for small businesses, and introducing a range of social security measures.
He also built a number of public works projects, such as roads, bridges, and hospitals, to improve the infrastructure of the state. His commitment to the people of Louisiana made him a beloved leader, and his legacy lives on today.
Huey Long implemented several programs and initiatives to help improve the lives of Louisiana's citizens. These included the creation of free public schools, free textbooks for schoolchildren, a free night school for adults, a free health care system, and a pension system for the elderly. Long also raised taxes on the wealthy, improved labor laws, and established the Louisiana Rural Credit Corporation, which provided low-interest loans to farmers.
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Answer:
When Huey Long was governor of Louisiana, he was a champion of the people. He supported a variety of programs to help the people of Louisiana, including increasing funding for public education, providing grants for small businesses, and introducing a range of social security measures.
Explanation:
Which major nims component describes recommended organizational structures?
Command and Coordination describes leadership roles, processes, and recommended organizational structures for incident management at the operational and incident support levels and explains how these structures interact to manage incidents effectively and efficiently.
Define NIMS?The United States Department of Homeland Security created the National Incident Management System as a standardized method to incident management.In response to President George W. Bush's Homeland Security Presidential Directive-5, the program was created in March 2004.In order for many entities to easily integrate and, if necessary, form unified command during an emergency, NIMS enables consistency in preparedness and response operations.The core of NIMS' systematic method to responding to incidents is made up of six linked components. The order is as follows: 1) Command and Management; 2) Readiness; 3) Resource Management; 4) Communications and Information Management; 5) Supporting Technologies; and 6) Ongoing Management and Maintenance.To learn more about NIMS refer to:
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What is the role of a competition?
The function of competition in a market economy enables several people or firms to utilise resources effectively and provide the greatest products at the lowest prices.
In a market economy, people and businesses conduct their affairs according to rules established by the government. The crucial element in this situation is that governments do not interact with the market, or do so in a minimal manner. In a market economy, competition plays an important part in maintaining a healthy system. Most of the time, competition increases options, boosts product quality through resource efficiency, and boosts economic growth through additional investments. The outcomes of competition are often virtually always favourable. The outcomes of competition are often virtually always favourable. One of the most important aspects of a market economy is self-interest. It enables people or organisations to choose how to invest surplus funds and spend their own money.
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One characteristic of plant assets is that they are long term investment natural resources:
a. long term investment
b. natural resources
c. used in operations
d. current assets
Option A is correct. .Plant belongings are often long-term assets, or holdings that closing over than a year.
What are the traits of lengthy term assets?Common traits of long-term assets
A business enterprise has used and maintained them for longer than one fiscal year.
A organisation has used them to assist function and keep its operations.
A enterprise has no intention of reselling them to its consumers or consumers.
The four most important characteristics of vegetation are photosynthesis, cuticle, mobilephone Walls and reproduction.
Plant belongings are items that are regarded long-term assets—even if the belongings depreciate—because of their excessive fee or fee
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https://brainly.com/question/28931542#SPJ4What is an example of investing in capital by a company?
The example of investing in capital by a company are real estates, manufacturing units such as industries, heavy machinery and land.
Capital investment are needed by the large companies to procure products which help in their growth and functioning of other sectors. It is basically acquisition of physical assets which help in completing long term goals. Capital investment helps in modernization and expansion of business. The profits earned by the companies through these investments helps in competing with other industrial giants and thus greater benefit is caused in GDP of the nation. Greater investment, leads to greater profits and hence greater working employment can be given to the youth. Thus it favor all round benefits for the company as well as nation.
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What are lines called?
A line is a one-dimensional figure since it has length but no width. The points that make up a line can be extended endlessly in opposite directions. It is determined by two points in a two-dimensional plane. Two points on the same line are referred to as collinear points.
A line is a geometric object with an infinite length and no width, depth, or curvature. Lines are one-dimensional objects since they can exist in two, three, or higher dimensional settings. In everyday life, a line segment with two sites that act as its ends can also be referred to as a "line." A line may be referred to by two places on the line. Euclid's description of a line as "breadthless length" that "lies Euclidean geometry is currently understood to imply "with respect to the points on itself, equally," in order to avoid misunderstanding with other geometries that have been established since the end of the 19th century. He also argued against a number of basic, irrational postulates.
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