answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PilotLPTM [1.2K]
2 years ago
11

"Higher level professions require indepth knowledge, good skill, and special training." Explain this statement with examples.

Business
1 answer:
Greeley [361]2 years ago
8 0

Answer:

True.

Explanation:

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.

You might be interested in
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and p
Dmitry [639]

Answer:

Explanation:

1. Assuming an economy is experiencing a sharp and prolonged inflationary trend, I'll recommend the following changes:

a. Reserve ratio: I will increase the reserve ratio.

b. Discount rate: I will increase the discount rate.

c. Open market operations: I will recommend tightening the money supply through the selling of more government bonds.

2a. The reserve requirement is the central bank regulation which sets the minimum amount of reserves which must be held by a commercial bank. An increase in the reserve ratio will lead to less money in circulation.

b. the money supply: Thhe money supply will contract i.e tighten

c. Interest rates: Interest rates will rise leading to an increase in the investments which keeps money out of circulation and also lead to a decrease in inflation rates.

d. Aggregate demand. Aggregate demand would reduce, and this would lead to a reduction in inflation.

6 0
2 years ago
Eric, a ghost writer, conducted market research and discovered a niche market in writing scripts for corporate online videos. He
Lerok [7]

Answer: What is the best way to get his service to his target customers

Explanation:

Market research is the process of determining how viable a product will be after research has been conducted in the market. This is vital in getting opinions of customers.

Marketing mix are the marketing tools which an organization can use in order to pursue its marketing objectives.

The question that should be asked about the marketing mix placement is "What is the best way to get his service to his target customers". This is vital in knowing the best method to use in making the product available to the customers.

7 0
2 years ago
Lucky louie just won the lottery!! he has a choice of taking $1,000,000 in cash or receiving $50,000 per year for 30 years begin
kipiarov [429]
Given that Lucky won $1000000 and has an option of receiving $50000 p.a for 30 years, the total amount received after 30 years in case he goes for option 2 will be:
amount=(yearly payment)+(number of years)
=(50000)×(30)
=$1,500,000
This implies that the second option is best choice. Given the information, we shall conclude that the best thing to do is to calculate the present value of the annuity payments.
The answer is D]
8 0
2 years ago
Read 2 more answers
Each of two stocks, C and D, are expected to pay a dividend of $3 in the upcoming year. The expected growth rate of dividends is
Stels [109]

Answer:

Intrinsic value of Stock C is 300

Explanation:

given data

expected pay dividend = $3

growth rate of dividends = 9%

stock C require a rate of return = 10%

stock D require a rate of return = 13%

solution

we get here intrinsic value by the DDM method

intrinsic value = Upcoming Dividend ÷ ( Required rate of return - Growth rate of stock )  .................1

intrinsic value = \frac{3}{(0.10-0.09)}    

intrinsic value = \frac{3}{0.01}  

intrinsic value = 300

so intrinsic value of Stock C is 300

8 0
2 years ago
Which of the following refers to how companies remain in business? sustainability corporate social responsibility carbon footpri
tester [92]

Answer:

Economic sustainability

Explanation:

3 0
2 years ago
Other questions:
  • Floramaria is an elderly woman who lives with her niece galaxy. floramaria is dependent on galaxy for support. galaxy advises fl
    15·1 answer
  • On January 1, the Matthews Band pays $66,000 for sound equipment. The band estimates it will use this equipment for four years a
    11·1 answer
  • What are differences between social contextual learning and guided competency development? Are both types of learning and associ
    12·1 answer
  • The Golden Group is a group of luxury hotels that caters exclusively to high-end customers who form a small part of the market a
    5·2 answers
  • Zhou owns a nonrental business with two separate departments. Department A generates net income of $70,000, and Department B gen
    13·1 answer
  • The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for
    6·1 answer
  • Ivanhoe Company had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for
    11·1 answer
  • Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to valu
    15·1 answer
  • The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and
    12·1 answer
  • Lisa is the CEO of a corporation. As such, she is authorized to make daily operating decisions for
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!