Write a short essay on the European Union.
What will be an ideal response?
The European Union (EU) is an economic and political partnership of 27 democratic European countries. Three countries (Croatia, Macedonia, and Turkey) have applied for membership. When the 12 original members formed the EU in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan. Before then, each European nation had border controls, taxes, and subsidies; nationalistic policies; and protected industries. These barriers to travel, employment, investment, and trade prevented European companies from developing economic efficiencies. Now with these barriers removed, the economic power represented by the EU is considerable. Its current membership covers a population base of nearly half a billion people and accounts for approximately 31 percent of the world's total economic output. The euro that is the common European currency is currently in use in 16 of the 27 member states and all new member countries must adopt the euro. Only Denmark, the United Kingdom, and Sweden have been allowed to opt out of using the euro. The euro zone is the world's largest unified economy after the United States and a major source of world demand for goods and services. Therefore, the importance of this regional trading alliance will continue to evolve as EU members work together to assert the region's economic power with successful European businesses continuing to play a crucial role in the global economy.
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Identifying which potential customers within the firm's target market have not only a desire for the product, but also the authority to purchase it and the resources to pay for it is called prospecting.
Answer the following statement true (T) or false (F)
A frequent reason for using collaborative software is to
A) minimize written and spoken contact among group members. B) communicate when it would not otherwise be possible. C) eliminate the need for team leaders. D) create more travel opportunities for group members.
The owner of a seafood market determined that the average weight for a crab is 1.6 pounds with a standard deviation of 0.4 pound. What weight is exceeded by 2% of all of the crabs? (Assume the weights are normally distributed.)
A) 0.78 pounds B) 1.82 pounds C) 2.42 pounds D) 4.36 pounds
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900?When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.?The spending variance for "Other expenses" for October would have been closest to:
A. $400 U B. $400 F C. $3,625 F D. $3,625 U