Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges do you see for these companies as they expand into foreign markets?

Answers

Answer 1

Some challenges for these companies as they expand into foreign markets are foreign policy, cultural differences and language barriers.

What is an effective internationalization strategy like?

It is one in which organizations develop a plan in line with their needs and the market to which they want to expand their business. For this, it is important to adapt products, services and communication to the local culture, to be a brand accepted by consumers and well positioned in the market.

Therefore, the international expansion of an organization can be positive and profitable when there is a strategy aligned with the needs of the local market.

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Answer 2

The challenges that is seen for these companies as they is Policy from the foreign countries.

What are foreign policies?

They are guidelines made by countries where goods and services are imported from or where business transactions.

The policies may not be in favor on the trader coming from another country this include higher tax and duties been paid.

Therefore, The challenges that is seen for these companies as they is Policy from the foreign countries.

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Related Questions

The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question. current liabilities current assets ending cash balance net income

Answers

Net income serves as the beginning point for the indirect technique of preparing the operating activities section.

What does "net income" mean?

Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.

How is net income demonstrated?

Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.

What is net income post-tax?

A person's income after taxes and deductions is referred to as their net income.

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Under the path-goal theory of leadership, what type of leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved?

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In achievement oriented leadership where leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved.

What are the leadership behaviors in the path-goal theory of leadership?

The four categories of leadership conduct identified by the path-goal theory are:

Achievement-orientedDirective path-goal clarifyingSupportiveParticipative

What must leaders do for their employees according to path-goal theory?

According to the path-goal theory, achievement-oriented leadership conduct involves encouraging subordinates to perform to the best of their ability by establishing high standards, praising excellence, and expressing faith in subordinates' talents.

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An international retail food company coordinates its consistent strategic marketing message for a new sandwich through marketing tools such as sales promotions, digital marketing, advertising, and public relations campaigns. What impact could the coordination of that message have on the company’s target market?.

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Answer:

DT-19 I will call u later in evening and good night sweet dream take care and have fun in that

The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities is known as sales?

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The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities is known as sales promotion.

Sales promotion is designed to be used as a short-term tactic in order to boost sales. Thus, it is the process of persuading a customer to buy a product.

Sales promotion is referred to a marketing communication tool in order to encourage revenue or to provide incentives to distributors, sales staff,  or customers over a short time period. If a company adopts sales promotion in quick succession, this will give the impression that this product perhaps is not selling in the market.

Hence, sales promotion is a promotional tool that stimulates consumer purchasing and dealer interest.

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If a perfectly competitive firm can sell as much as it wishes at the market price, can the firm not simply increase its profits by selling an exteremely high quanitty?

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If a perfectly competitive firm can sell as much as it wishes at the market price, can the firm not simply increase its profits by selling an extremely high quantity At a high level of production, marginal cost and the average cost of production will rise.

In economics, marginal cost is the change in total cost that occurs when production increases and is the cost of producing additional quantities. In some contexts, it may refer to a unit increase in spending, or it may refer to the rate of change in total cost when spending increases slightly. As Figure 1 shows, marginal cost is measured in dollars per unit, the total cost is measured in dollars, and marginal cost is the gradient of the total cost, the rate at which total cost increases with production. The marginal cost is different from the average cost, which is the total cost divided by the number of units produced.

The marginal cost of production includes all costs that vary depending on the production level. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is marginal.

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_____is best described as the process of selling a prototype of a product in either a real or simulated market environment.

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Answer: Test marketing

Explanation:

Added to the index of the adjustable rate is a margin, which is the lender’s "markup." for standard adjustable rate mortgage (arm) loans, the typical industry margin is:_______

Answers

For standard adjustable rate mortgage (arm) loans, the typical industry margin is 1% to 3%.

The lender also determines a margin that will be applied to the index rate when making an adjustable-rate loan. The margin includes a profit for the lender as well as paying the lender's overhead costs. On a typical ARM, the lender's margin could range from 1% to 3%.

Although it's possible to locate loans with margin levels above or below those restrictions, the usual adjustable-rate mortgage (ARM) margin can range from 2% to 3%.

The majority of the interest that a borrower pays on their loan is often covered by the ARM margin. The fully indexed interest rate that the borrower pays on the loan is established by adding it to the index rate that is stated for the product. The loan's credit agreement terms specify the indexed rate and ARM margin.

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__ is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.

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Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.

Lead nurturing is the process of establishing and upholding connections with clients at every stage of their customer journey, typically via marketing and communications messages.

Software is used in automated lead nurturing to send messages in response to consumer activity or pre-set schedules.

Automation solutions also notify marketers of consumer queries and comments that require responses, as listening to potential customers and answering their inquiries are essential components of nurturing leads.

A program for lead nurturing that is effective concentrates marketing and communication efforts on listening to prospects' needs and meeting those needs by:

Develop trustamplify brand awarenessKeep in touch with prospects until they are prepared to make a purchase.

Hence, Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.

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An automobile club pays for emergency road services (ERS) requested by its members. The current policy rate the automobile club pays is based on the thought that 20% of services requested will be serious mechanical problems requiring towing. However, the insurance company claims that the auto club has a higher rate of serious mechanical problems requiring towing services. Upon examining a sample of 2927 ERS calls from the club members, the club finds that 1499 calls related to starting problems, 849 calls involved serious mechanical failures requiring towing, 498 calls involved flat tires or lockouts, and 81 calls were for other reasons. A. Construct a 98% confidence interval or by hand or step-by-step using R for the rate of all ERS calls from club members that are serious mechanical problems requiring towing services (after checking that necessary assumptions are well met). B.Using your confidence interval in part A, respond to the insurance company's claim. C.The club wants to construct a 95% confidence interval for the rate of service requests that are related to starting problems that has a margin of error of less that 0.01.What sample size should they examine from the ERS calls from their club members if they assume a call rate of 52%? (They chose a value close to what they observed in their sample of 2927 calls).

Answers

A higher percentage of major mechanical issues occur at the car club.

Emergency road services (ERS) are paid for by a car club on behalf of its members. The car club now pays a policy rate based on the assumption that 20% of repairs required will involve major mechanical issues necessitating towing.

The insurance provider asserts that the auto club has a greater incidence of significant mechanical issues needing towing services. A sample of 2927 ERS calls from club members was examined, and the club discovered that 1499 of those calls involved starting issues, 849 were significant mechanical issues requiring towing, 498 involved flat tires or lockouts, and 81 were for unspecified reasons.

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_______ involves developing marketing strategies as though the entire world (or its major regions) were a single entity.

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Globalization involves developing marketing strategies as though the entire world (or its major regions) were a single entity.

What is Globalization?

This is referred to the integration of people and government worldwide through advances in technology etc.

This strategy promotes interactions between countries and ensures the products being used in any part of the world thereby making it the most appropriate choice.

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Business owner robert should use ________ schedules of reinforcement to keep his employees mentally alert and interested.
A) regularB) formalC) continuousD) intermittent

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Robert should use intermittent schedules of reinforcement to keep his employees mentally alert and interested. The procedure of learning through association to increase or decrease voluntary behavior using punishment and reinforcement is known as operant conditioning.

Reinforcement schedules are the rules that govern the timing and frequency of reinforcer delivery in order to increase the likelihood that a target behavior will occur again, strengthen, or continue. A contingency timetable is one that includes reinforcement. While intermittent schedules provide reinforcers.

After some but not all correct replies, intermittent schedules apply reinforcement after each correct response, or none at all. Reinforcers are only used after the target behavior has occurred, so reinforcement is conditional on the desired behavior.

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The two most basic inventory questions answered by the typical inventory model are.

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The two most basic inventory questions answered by the typical inventory model are: timing of orders and order quantity. A time of order is a type of trade that allows an investor to request a specific time of day to have an order filled. These kinds of orders can be executed for either buy or sell requests for stocks or other financial instruments.

What is order quantity?

Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.

Therefore, the correct answer is as given above

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The complete question goes thus:

The two most basic inventory questions answered by the typical inventory model are:

A) timing of orders and cost of orders.

B) order quantity and cost of orders.

C) timing of orders and order quantity.

D) order quantity and service level.

E) ordering cost and carrying cost.

A company employing a _______ strategy would create a new product targeted to its current customers.

Answers

A company employing a product development strategy would create a new product targeted to its current customers.

What is New Product Development ?

You can get the people in your division to come up with ideas for new products by following the given things mainly which revolves around reinforcing the novel ideas:

As employees have direct contact with the customers so they have the better ideas about the customers needs and wants.Employees are well aware of the changing trends so they should be encourage to come up with the new and novel ideas for the new products.Ideas can come from any where, from any level of the organization so each and every single employee should be motivated to participate in idea generation activities.

The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.

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Many of today's automobiles come equipped with automatic?

Answers

Many of today's automobiles come daytime running lights equipped with automatic.

What is daytime running lights ?Daytime running lights are used to increase a vehicle's visibility during the day and warn other motorists when/if they are in their blind spot. This increases visibility and safety. This feature is very helpful for motorcycle safety because daytime running lights make motorcycles more visible.After you turn on your automobile, if the DRL warning light is still on, your headlights may have a bad bulb or a bad circuit.During the day, most drivers turn their headlights off. A DRL enhances road safety by helping drivers see other vehicles quickly.

When did DRL become mandatory?

Since 2011, all new vehicles and small vans sold in the EU have been legally required to have DRLs installed in the front. Although some manufacturers opt to install them there as well, it is not obligatory.

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An increase in the interest rate: Group of answer choices reduces planned investment because the interest rate is the cost of borrowing to finance investment projects. increases planned investment because people who make money from interest have more money to invest. has no effect on investment. may be caused by a drop in investment demand.

Answers

An increase in the interest rate reduces planned investment because the interest rate is the cost of borrowing to finance investment projects.

The Fed's intention when raising the federal funds target rate is to raise the cost of credit across the board. Everyone ends up paying more in interest since higher interest rates make loans more expensive for both firms and consumers.The cost of borrowing is represented by interest rates, therefore when the Fed increases its target rate, borrowing money becomes more expensive. Mortgage rates increase as a result of banks having to pay more to borrow money and as a result of charging people and businesses more interest as well.

Why interest rates are increased?

Higher borrowing costs eventually slow borrowing and thus economic activity. This should eventually slow inflation, which is the objective of central banks in raising interest rates.

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he annual inflation rate in February 2022 was close to 8%. If the average nominal interest rate at that point was nearly 0.3%, then real interest rate must be

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The annual inflation rate in February 2022 was close to 8%. If the average nominal interest rate at that point was nearly 0.3%, then real interest rate must be the actual interest earned (or paid) will depend on the nominal interest rate and how much the inflation rate turned out to be.

What is the annual inflation rate?

Annual inflation is the percentage change in the CPI from the same month the year before.

The real interest rate, as opposed to the nominal rate, accounts for inflation. Nominal rate = real interest rate + inflation rate, or nominal rate - inflation rate = real interest rate, is a rough approximation of the relationship between nominal and real interest rates.

In February 2022, the yearly inflation rate was around 8%. Since the average nominal interest rate at that time was almost 0.3 percent, the real interest rate must be determined by the nominal interest rate and the amount of inflation that actually occurred. According to The Economics Daily and the U.S. Bureau of Labor Statistics, consumer prices increased 8.6% over the prior year as of May 2022.

The nominal interest rate and the amount of inflation that really occurred will determine the actual interest earned (or paid).The possibility of negative nominal and real interest rates confounds some individuals. Real interest rates, as opposed to nominal interest rates, can be negative. When the inflation rate exceeds the nominal interest rate, real interest rates turn negative.Nominal interest rates are not allowed to be negative because if they were, banks would be paying you to borrow money! The nominal interest rate can only decrease to 0% 0% 0%, which is known as the "zero bound" on interest rates.

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A buyer's gross income is $90,000 per year. She pays $300 for a car loan and $200 for her student loan. When she applies for a mortgage the bank requires a maximum debt-to-income ratio of 36% on all debt, and a maximum 28% debt-to-income ratio for housing debt. What is the maximum monthly house payment the bank will approve

Answers

Based on the buyer's gross income, her car and student loan payments, and the maximum debt-to-income ratio, the maximum monthly house payment that the bank will approve is $2,100.

What amount will the bank approve?

The maximum debt-to-income ratio for housing the bank will approve is 28% which is:

= (90,000 / 12 months) x 28%

=$2,100

The maximum debt-to-income ratio is 36%:

= (90,000 / 12 months) x 36%

= $2,700

Allowance for debt:

= 2,700 - 300 - 200

= $2,200

There is therefore enough space to take on the maximum debt-to-income ratio for housing so the amount of $2,100 will be approved.

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Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a __________ merger. Multiple Choice geographic extension freeze-out vertical horizontal product extension

Answers

Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.

What is vertical merger?

A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.

Some characteristics of vertical merger are-

A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service. Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger. A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.An example of a vertical merger would be an automaker combining with a parts supplier. A arrangement like that would give the car division better access to parts pricing and increased manufacturing process control. In turn, the components section would be ensured a consistent flow of business.

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when ronald takes anohter economics class, other prople in society benefit. the penefit to these other people is called the

Answers

Explanation:

Gzggdydgrhrhdyfhfhhdb4hhrggv 6 tuning in the world 2022 is a 56 45 7 that has been used for years 37 37 years of use and the beanstalk movie is the only thing that rhdbhrhhevege the world of the world and the

The ability to muster additional crews when all ambulances are on call or when a system’s resources are taxed by a multiple-casualty incident is:________

Answers

The ability to muster additional crews when all ambulances are on call or when a system’s resources are taxed by a multiple-casualty incident is reserve capacity.

The National Highway Traffic Safety Administration (NHTSA) Office of Emergency Medical Services has established the NEMSIS dataset as a public service, a collection of EMS-related data voluntarily reported by participating EMS agencies and states.

Ideal deployment decisions to consider include past community responses and projected demographic changes. In communities that do not have multiple strategically placed stations, ambulances are often used to wait for calls at specific high-traffic locations.

Most car accidents involving ambulances occur in dry weather during the day. Most car accidents involving ambulances occur in dry weather during the day.

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As a human resources manager, chlorinda is responsible for allocating employees where they are needed to accomplish objectives. This entails the ________ function of management

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As a human resources manager, Chlorinda is responsible for allocating employees where they are needed to accomplish objectives. This entails the performance function of management.

A company or an organization's human resources manager is usually responsible for creating, putting into effect and overseeing policies governing workers.

A human resource manager performs certain roles such as performance management, training and development, HR planning, as well as translating business strategies into action, which directly leads to increase employees and organizational efficiency and achieve business objectives.

Hence, Chlorinda as a human resources manager, is responsible for the the performance function of management in a company.

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Kaylee's Kids Sports sells soccer balls for $18. They must mark up the balls 32% on selling price to make a profit. Identify each of the figures.

Answers

Answer: $12.24=cost,

Explanation:

$5.76=Markup $ Amount, 68%=complement of the markup, 100%=Selling Price

Mei-Ling is a college junior majoring in finance and economics. She is interested in applying for internships and plans to attend her next college job fair. She wants to purchase a business suit to wear to the job fair and at subsequent interviews. Mei-Ling wants to look her best and wear appropriate attire. Since making a first impression is important, Mei-Ling will likely take considerable time to visit stores and try on multiple suits before she makes her purchase decision. Mei-Ling has never purchased a suit before, and this is the first time she will buy an expensive item without her mother assisting in the decision. Which type of decision-making will Mei-Ling utilize in purchasing her suit

Answers

The type of decision-making that Mei-Ling utilize in purchasing her suit is an extensive decision making.

What is extensive decision making?

It should be noted that an extensive decision making implies a long process of deliberation when making a decision regarding purchases.

In this case, the type of decision-making that Mei-Ling utilize in purchasing her suit is an extensive decision making.

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After a few years of work in the marketing department of a small firm, you are placed in charge of the firm’s inbound marketing. what are you most likely to be in charge of?

Answers

Ensuring that customers can locate the business when looking for details on products and services. A service is an intangible good that results from the labor of one or more people, whereas a product is a tangible good that is placed on  market for purchase, consideration, or consumption.

Automobiles, home products, and apparel are a few examples of goods. Legal counsel, housekeeping, and consulting services are  examples of services. A business's production can fall wherever in the middle of these two ideas. A landscaping business might, for instance, sell a homeowner a tree and also mow the yard (a service).

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The amount by which government expenditures exceed revenues during a particular year is the?

Answers

Answer: Budget Deficit

Explanation:

Lemony lemonade has​ 3,200 gallons of lemonade in wip​ inventory, with​ 76% of materials already added. The lemonade is​ 50% through the process. Assuming all conversion costs are added evenly throughout the​ process, what are the equivalent units for conversion​ costs?.

Answers

Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion​ costs is 1,600 units.

What equivalent units are for conversion costs?

This can be found as:

= Number of units that are WIP x Percentage of completion

Solving gives:

= 3,200 x 50%

= 1,600 units

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A decrease in bank deposits that is matched by an increase in currency in circulation:_____.

Answers

A decrease in bank deposits that is matched by an increase in currency in circulation: liquidity in banking.

If there is too much money in circulation, both in terms of cash and credit, then the value of legal tender decreases. Multiple factors can influence the amount of cash in circulation: Economic factors such as GDP growth, inflation or an economic crisis. Things or people that store or hold cash.

Liquidity is a measure of the cash and other assets banks have available to quickly pay bills and meet short-term business and financial obligations. Capital is a measure of the resources banks have to absorb losses.

Liquidity can be caused by a combination of different factors, including having a shortage of money in circulation, which increases the value of that money and, in turn, reduces prices; having more goods produced than there is demand for, which means businesses must decrease their prices to get people to buy those .

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The definition of states: the level of management that includes general managers, division managers, and branch and plant managers who are responsible for tactical planning and controlling.

Answers

The level of management that includes general managers, division managers, and branch and plant managers who are responsible for tactical planning and controlling is: Middle management.

What is Middle management ?

Middle management can be defined as someone who plan, lead, control and run an organization. Middle management report to top level of management because they are below them but on the other hand junior staff report to middle management.

Hence, middle managers includes the following:

General managersDivision managersBranch managers Plant managersFunctional managers

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Personal trainers often work as independent contractors. What individual type of insurance is most recommended to purchase when working as an independent contractor in the fitness industry

Answers

Answer: Liability insurance

Explanation:

What is the best definition of the circular flow of income? the wages that workers earn from doing their jobs the exchange of money between firms and households the money that consumers spend on goods and services the influence of the government in a mixed-market economy

Answers

The best definition of the circular flow of income is the exchange of money between firms and households.

The Circular Flow Model: What Is It?

The circular flow model shows the flow of money in society. Money is sent back and forth between producers and employees in the form of wages and payments for goods. An economy is essentially an unending circle of money flow.

The model is constructed in this manner, but actual cash flows are more intricate. To more accurately represent the complex modern economies, economists have included more variables. These elements make up a country's national income or gross domestic product (GDP). The cyclic flow of income model is another name for the model because of this.

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Determine the area enclosed by each polygon in parts a through j. Use the natural unit. (Fill in the blanks below. Enter your answers without rounding.) a. The area of polygon a. is units. b. The area of polygon b. isunits. C. C. The area of polygon c. isunits. d. The area of polygon d. isunits e. e. The area of polygon e. is [ ] units. units. The area of polygon f. is 9. 9. The area of polygon g. isunits h. The area of polygon h. is units. The area of polygon i, isunits The area of polygon j. is units. Select several sermons to read for each preacher by clicking on the title links in the resources. Then write an essay at least 150 words long comparing the two preachers in terms of the content and the intent of their sermons a ddbms that uses the same hardware and software at different sites is called What is the driving force in the bank-lending and balance sheet channels of monetary policy transmission? Multiple Choiceprofitinformationhomogeneitycompetition A skateboarder is skating along a level concrete path. Every so often, to keep himself going, he uses his foot to give himself a push. Discuss why the skateboarder needs to regularly push with a foot when skateboarding along a level surface.In your answer, you should:- describe the motion of the skateboarder during a push and between pushes- identify the forces in action and explain whether they are balanced or unbalanced- link the net force to the motion of the skateboarder. When a 1.0 M aqueous solution of NaI is electrolyzed, what is the initial product formed at the cathode and at the anode?If you could show the full work that would be greatly appreciated thank you! find the gs of the de y''' y'' -y' -y= 1 cosx cos2x e^x the largest reduction in a portfolios risk is achieved when the number of stocks in the portfolio is increased from a. 80 to 100. b. 40 to 80. c. 10 to 20. d. 1 to 10. provide a forwarding table that has 5 entries, uses longest prefix matching, and forwards packets to the correct interfaces. which complication of severe preeclampsia requires diligent monitoring of blood pressure. T/F use the accompanying frequency polygon to answer the following questions the schrdinger equation for a free particle (no potential energy) is 22md2dx2=e. QUICK!! MY TIME IS RUNNING OUT a ____ is a description that normally does not display as part of the slide show. 1. when living things die, chemical like carbon, hydrogen, nitrogen, oxygen, phosphorus, and sulfur (chnops) are returned to the environment through decomposition by bacteria, fungi, and worms. water in the once living organism returns to the environment to become part of the water cycle a. elements b. toxins c. pollutants d. carcinogens e. mutagens telete the Choose ALL of the following that correctly describe or represent an exothermic chemical reaction? The reaction releases heat and has a negative AH A+B--> C + heat The reaction releases heat and has a positive AH The reaction releases heat and has = 0 The reaction absorbs heat and has a positive AH The reaction absorbs heat and has a negative AH A+ B + heat --> Complete and balance cach of the nuclear transmutation equations by filling in the missing species. 16Ne + 2 10+ 10 Ne + Ne 10+y+ Ca+ Ti + Y Al+H AI+ Numerical Parabolic PDE using (1) Explicit Method (2) Implicit Method (3) Crank-Nicolson Method Given the thermal conductivity of copper k' = 0.99cal/(s.cm. C), density p = 8.96g/cm and specific heat C = 0.0921 cal/g.C. Initially, the temperature of a copper rod with 20cm length is 50 C. For t > 0, the temperatures at the left and right ends of the rod are maintained at 90 C and 10 C respectively. Assume that x = 5cm & t = 10s. (i) Derive the finite difference equations for the rod at t = 10s by using (1) Explicit method, (2) Implicit method and (3) Crank-Nicolson method respectively. (ii) Solve the finite difference equations and obtain the temperature distribution at t = 10s by using (1) Explicit method, (2) Implicit method and (3) Crank-Nicolson method respectively. Hint: For the inverse problem, [A]{T}={B}, you can use software or manual calculation to solve the unknown {T} by using {T) = [A]^-1{B}. (iii) Comment the advantage and disadvantage of these 3 numerical methods in solving the parabolic PDE True or False? Bioinformatics typically focuses on analysis of patient or population level data. A certain gaming console company wants to estimate the lifetime rate of their newest console. The gaming companys in-house records showed that 80% of the older model consoles they had sold still worked after 3 years. If they test 34 new consoles, what is the probability that exactly 26 consoles are still working after 3 years of use?The probability that exactly 26 out of the 34 consoles are still working after 3 years is