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2 years ago

How theory and thinking on innovation and creativity can contribute to applied practice

Business

1 answer:

konstantin123 [22]2 years ago

5 0

Creativity and innovation both contribute to applied practice.

Explanation:

Creativity refers to the way in which new ideas related to a particular item is brought in reality. Innovation refers to the way of implementing the new idea that was not recognized before. The items are unique in nature.

Creativity deals with new ideas as well as different possibilities that are used to solve problems as well as helps in communicating with others. Creativity also helps in entertainment purpose. These are the ways where innovation and creativity contribute to applied practice.

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A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most

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The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

<h3>What is commission?</h3>

Commission is additional compensation that's earned based on job performance.

It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.

Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

Therefore, option D is the correct answer.

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2 years ago

A firm is forecasting the sales of carpets based on the number of building permits issued in their county. which technique are t

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In a case whereby A firm is forecasting the sales of carpets based on the number of building permits issued in their county, the technique they were using is Associative model.

<h3>What is Associative model?</h3>

The associative model of data can be described as the data model that is been used for the database systems.

It should be noted that These models involve encompassing attributes with respect to thing, , hence In a case whereby A firm is forecasting the sales of carpets based on the number of building permits issued in their county, the technique they were using is Associative model.

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1 year ago

A vintner is deciding when to release a vintage of Sauvignon Blanc. If it is bottled and released now, the wine will be worth $2

ziro4ka [17]

Answer:

$269,158.88

Explanation:

The computation is shown below:

Before the difference of the amount, first we have to determine the value of the wine after one year which is shown below:

= $2,400,000 + $2,400,000 × 10%

= $2,400,000 + $240,000

= $2,640,000

And, the interest rate is 7%

Plus the additional cost is $360,000

So, the value of the wine now is

= ($2,640,000 - $360,000) ÷ (1 + 0.07)

= $2,130,841.12

So, the difference is

= $2,400,000 - $2,130,841.12

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2 years ago

Which of the following explain the concept of explicit costs? (Check all that apply.) Multiple select question. A firm's monetar

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The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .

<h3>What is labor specialization?</h3>

When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.

The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y

What is division of labor and specialization in economics?

When a worker is specialized, they only carry out a small number of different jobs.
In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
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1 year ago

Why do banks retain a fractional reserve?

nevsk [136]

Because banks hold reserves in amounts that are less than the amounts of their deposit liabilities, and because the deposit liabilities are considered money in their own right, fractional-reserve banking permits the money supply to grow beyond the amount of the underlying base money.

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2 years ago

How theory and thinking on innovation and creativity can contribute to applied practice ​

How theory and thinking on innovation and creativity can contribute to applied practice