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Mariana [72]
3 years ago
12

Summarize the steps of the cetr plan.

Business
1 answer:
MAVERICK [17]3 years ago
8 0

Answer:

The summary of the steps are as shown below;

Step 1: Reflection and Self-Evaluation.

Step 2: Exploration.

Step 3: Decision-Making and Goal Setting.

Step 4: Gaining Experience.

Step 5: Implementation.

Explanation:

A career is a professional endeavor undertaken during a specific period in one's life with the opportunity for growth. Picking a career is one of the most important things that most individuals do in life. It is therefor necessary to choose a career that is in line with one's interest, capabilities and passion. The following are steps to be followed in planning a career path, namely;

Step 1: Reflection and Self-Evaluation.

This is the first step involved in career planning. It involves the gathering of  information about oneself that will assist in choosing a career that matches one personality, interests, capabilities and goals.

Step 2: Exploration

Exploration involves looking into various alternative careers that matches one's personality. This step usually includes specific research on different careers to make a decision on a specific career that best fits one's requirements.

Step 3: Decision-Making and Goal Setting.

In this step, one decides on the specific career that they want to pursue. They also set achievable goals and timelines that the goals need to be achieved.

Step 4: Gaining Experience.

In this step, one looks for relevant experience in that career field. This usually involves the seeking of potential jobs that will ensure career growth that is in line with their goals.

Step 5: Implementation.

Once all the steps have been identified, one can now implement everything on the plan. This actually involves the putting the plan into action.

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The preparation is presented below:

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3 years ago
Honduras is a small economy in central america. it keeps a fixed exchange rate with the us. capital is perfectly mobile. you may
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Answer:

Given that Honduras is a small economy in Central America, and it keeps a fixed exchange rate with the US, and capital is perfectly mobile, but interest rates are three percent in the US and six percent in Honduras, the explanation of the difference in these interest rates are as follows:

Honduras has a higher interest rate, meaning that its sovereign bonds pay higher values than the American ones, as well as its banks also pay higher interests on their investments compared to American banks.

This is so for a double reason: on the one hand, because the Honduran economy is less reliable than the American economy, which is larger and therefore more solvent and capable of overcoming eventual crises, with which the risk of default is less.

On the other hand, the Honduran economy is more dependent on foreign investment, so it must offer higher interest rates to attract such investments.

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LO 8.5When might an unfavorable variance be a good outcome?
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Answer: An unfavorable variance can be used to detect a drop in estimated income early, and then solutions to the challenge can be identified.

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An unfavorable variance is the difference between a company's projected expectation and the actual outcome of a financial activity of the company, where the actual outcome is less favorable than the projected expectation.

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4 years ago
Milton friedman argued that consumers are more likely to alter their behavior based on.
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The Right Response is Option C which is Long Term Changes in the Economy.

<h3><u>Why Did Friedman Argued So?</u></h3>
  • The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

To learn more about Long Term Changes in the Economy. Click the links.

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

4 0
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