the outstanding debt of berstin corp. has ten years to maturity, a current yield of 7%, and a price of $95. what is the pretax cost of debt if the tax rate is 30%.

Agreements to form a partnership may be oral, written, and implied by conduct. These are the three options that can be chosen from the given options.

There is no requirement for there to be three or more partners for an agreement to be implied. Implied agreements can exist even if there are only two partners involved. A partnership is a legal form of business ownership in which two or more people work together to achieve a common goal.

Partnerships can be formed for a variety of reasons, such as to pool resources, share expenses, or take advantage of complementary skills. The type of agreement used to form a partnership can vary depending on the preferences of the partners involved.

know more about Agreements here

https://brainly.com/question/24572146#

#SPJ11

"The single timebox during which specific agreed upon deliverables will be constructed and demonstrated to stakeholders is referred to as an iteration or sprint." Option D is correct.

An iteration or sprint is a time-boxed period, usually lasting 1-4 weeks, in which a team of developers works to complete a specific set of features or user stories. The team plans the work they will accomplish during the sprint in advance and then collaborates daily to make progress towards their goals.

At the end of the sprint, the team demonstrates their completed work to stakeholders, gathering feedback and insights for the next iteration. This process allows teams to work in a structured, predictable manner, and ensures that progress is regularly reviewed and validated by stakeholders.

Option D holds true.

Learn more about iteration or sprint https://brainly.com/question/30089884

#SPJ11

Sixty-three percent of moms in married couple households and nearly three-quarters of mothers in single parent families are employed (73.2 percent).

Thus,the correct option is all of the above

In India's metropolitan areas, roughly 4 in 10 women and 1 in 10 males in their early 20s were married in 2019–20. 9 out of 10 married males and just about 1 in 10 married women both worked for a living. In light of the upcoming worldwide women's day on March 8, these statistics are depressing.

In other terms, the population's participation rate is the proportion of people who are either employed or actively looking for work.

The formula for calculating the labour force participation rate is (Labor Force Civilian Noninstitutional Population) x 100.

To know more about households please check the following link

https://brainly.com/question/11498540

#SPJ4

The company's stock currently trades at $31 a share. gamma is considering a plan shares of common stock outstanding. Gamma Industries has exactly shares $99.99.

Gamma industry 1,830,000 outstanding shares of common stock and a net income of $1,600,000.

Hence, its earnings per share are $1,600,000 + 1,830,000 = $0.8743.

Currently, the stock is trading at $75.

Hence, the Price Earnings Ratio = $75. $0.8743\s=85.7829

Currently, the corporation wishes to buy back 25% of its outstanding shares,

or 1,830,000 x (25/100) = 457,500.

1,830,000 shares remain outstanding after - 457,500, for a total of 1,372,500.

As a result, the earnings per share following the repurchase were $1.1657 ($1,600,000 + $1,372,500).

As a result, the stock price after the repurchase is calculated as follows:

Price Earnings Ratio x Earnings per Share after Repurchase = 85.7829 x $1.1657 = $99.99. (Note the unaltered price-to-earnings ratio).

To know more about Calculation of Gamma industries visit:

https://brainly.com/question/14469283

#SPJ4

Drake's company aims to set a high price initially for a new product and then decrease it to a more sustainable level for the long term, which represents a pricing objective of price skimming.

Drake's company is using a pricing objective called "skimming pricing." Skimming pricing is a strategy of initially charging a high price for a new product to maximize revenue from early adopters and then gradually lowering the price to attract more price-sensitive customers over time.

This approach is often used for innovative products that have a limited customer base willing to pay a premium price. The goal of skimming pricing is to capture the maximum profit from the market before competitors enter and prices are driven down.

To know more about pricing objective:

https://brainly.com/question/7494900

#SPJ4

Getting ready, reading, jotting down significant points, and reviewing. The most crucial step in the note-taking procedure is to continue taking notes.

Making notes helps you avoid feelings of distraction or drowsiness by keeping your body active and alert. stimulates the mind. Your mind stays actively preoccupied with what you pay attention to when you listen intently and decide what to include in your notes. Taking notes forces you to pay attention and makes you alert in class. It makes analysis possible. According to learning research, actively engaging with a subject by listening and then summarising what you pay attention to facilitates later recognition and consideration of the material. Take notes that are prepared, brief, visually clear, and based so that you can subsequently review and understand them. For more information, see the different note formats below. if you want your notes to be succinct and concise,

Learn more about note-taking from

https://brainly.com/question/29790341

#SPJ4

The Federal Reserve Bank would normally monitor inflation after lowering both nominal and real GDP. This is so because the Federal Reserve Bank's monetary policy focuses primarily on reducing inflation.

The Federal Reserve wants to affect interest rates in order to curb inflation. The Federal Reserve normally boosts interest rates to slow the economy and lower inflation when it is out of control.

Response and justification the right response is a rise in interest rates that lowers overall demand.

To know more about reserve bank visit:-

brainly.com/question/30002356

#SPJ1

Items 1, 2, 3, 5, and 6 on the list could potentially move an economy from a point inside its production possibilities curve to a point on its production possibilities curve by increasing the economy's productive capacity.

A production possibilities curve (PPC) depicts the utmost output that can be created given the available resources and technology. If the economy is presently functioning below the PPC, boosting productive capacity can shift it to a point on the curve.

This can be accomplished through technological advancements, increases in the supply of capital products, purchases of growing production, increase in the quantity and quality of natural resources, and increases in the quantity and quality of human resources. These modifications may result in improved productivity and efficiency, enabling the economy to create more output and move to a point on the PPC.

Learn more about the production possibilities curve:

https://brainly.com/question/29392873

#SPJ4

Diversifying production in China can help Jaguar-Land Rover tap into a growing market, reduce costs, and increase their competitiveness in the global luxury car market.

Based on the statistics provided, it makes sense for Jaguar-Land Rover to diversify production into China because the Chinese market is a significant source of demand for their products.

With one in five purchases coming from Chinese buyers and an 80% increase in sales since 2015, it is clear that there is a strong demand for luxury cars in China. By diversifying production into China, Jaguar-Land Rover can potentially reduce costs associated with importing cars from their existing production facilities, while also gaining a greater understanding of local customer preferences and increasing their brand presence in the Chinese market.

Additionally, producing vehicles in China may allow the company to take advantage of local incentives and regulations that are designed to promote the growth of the domestic auto industry.

To learn more about car market

https://brainly.com/question/29449569

#SPJ4

The cousin's basis in the land is $30,000, which is the original cost to the taxpayer, as the gift tax paid does not affect the basis.

The cousin's basis in the land is equal to the taxpayer's basis at the time of the gift, which is $30,000. The gift tax paid by the taxpayer is not relevant to the cousin's basis calculation.

The taxpayer is required to file a gift tax return to report the gift since it exceeded the annual gift exclusion of $15,000. However, the taxpayer does not owe any gift tax on the transfer because it is below the lifetime gift tax exemption amount, which was $11.7 million in 2021.

To know more about taxpayer:

https://brainly.com/question/29664276

#SPJ4

The taxpayer's AGI for year 3 is $24000. So the option A is correct.

The taxpayer's AGI for Year 3 would be $20,000 ($4,000 interest income + $12,000 wages + $8,000 gain from the sale of Property A).

Since the taxpayer does not meet the requirements for the rental real estate exceptions, the losses from Property A and the income from Property B are not taken into consideration for calculating AGI.

Therefore, the $8,000 gain from the sale of Property A is the only passive activity that is taken into account when calculating AGI.

Sale value of property A = $8000

Wages = $12000

Interest Income = $4000

Total AGI = Sale value of property A + Wages + Interest Income

Total AGI = $8000 + $12000 + $4000

Total AGI = 24000 $

So the option A is correct.

To learn more about taxpayer's AGI link is here

brainly.com/question/30082311

#SPJ4

The complete question is:

The following information applies to a taxpayer who owns two rental properties, Property A and Property B, and has no other involvement in passive activities:

                                  Year 1                     Year 2                     Year 3

Property A loss         $14,000                 $9,000                       $0

Property B income   $5,000                   $3,000                       $0

The taxpayer does not meet the requirements for the rental real estate exceptions. In year 3, Property A is sold to an unrelated party for an $8,000 gain, Other income for year 3 Includes $4.000 interest income and $12,000 wages. What is the taxpayer's AGI for year 3?

Multiple Choice

A. $24,000

B. $9,000

C. $16,000

D. $12,000

The current rate on two-year Treasury securities should be 4.7%.

The formula to compute the current rate on two-year Treasury securities is given as follows:

R2 = R1 + LP2Here, R2 represents the rate on two-year Treasury securities, R1 represents the one-year Treasury bill rate, and LP2 represents the liquidity premium on two-year securities. We are given that the one-year Treasury bill rate is 4.15%, and it will increase to 4.95% in one year. Therefore, R1 = 4.15%, and R1' = 4.95%.

We have to find the rate on two-year Treasury securities, R2. The liquidity premium on two-year securities is 0.55%, which means LP2 = 0.55%.Now we can plug in the values in the formula to get R2 as follows:R2 = R1 + LP2 = 4.15% + 0.55% = 4.7%.

For more questions on Treasury securities

https://brainly.com/question/15036738

#SPJ11

In the figure of shaded areas indicate recessions and white areas indicate booms, the macroeconomic-variable that is plotted in figure is (b) Unemployment Rate.

The "Unemployment-Rate" is a macroeconomic variable that measures the percentage of the labor force that is currently unemployed but seeking employment and willing to work at the prevailing wage rate.

The labor force consists of all employed and unemployed people in an economy who are of working age and are either employed or actively seeking employment.

In the given diagram the drawn line rises during "recession-period" and falls in "boom-time" period.

In recession the "production-level" decrease and this decrease  employment level. As a result, "unemployment-rate" increase.

In boom time period, the "production-level" increase and this increase the employment level. As a result, "unemployment-rate" decrease.

So, the given figure represents unemployment rate.

Therefore, the correct option is (b).

Learn more about Unemployment Rate here

https://brainly.com/question/28454121

#SPJ4

The given question is incomplete, the complete question is

In the figure below shaded areas indicate recessions and white areas indicate booms.

Which macroeconomic variable is plotted in this figure?

(a) Dow Jones Industrial Index

(b) Unemployment Rate

(c) GDP growth rate

(d) Aggregate Investment

(e) Aggregate Consumption.

In the Job Characteristics Model (JCM), the dimension that has the greatest impact on the job MPS (Motivating Potential Score) is skill variety.

The Job Characteristics Model (JCM) is a tool for describing jobs as stimulating and motivational for employees by increasing their sense of responsibility, achievement, and personal growth. It is based on the premise that the central aspect of job satisfaction is the extent to which jobs fulfill the characteristics that an employee expects it to have. It is a theory of work design that emphasizes the importance of designing jobs that meet employees' motivational needs by considering their characteristics.

It proposes that there are five core job characteristics that are related to critical psychological states, which in turn influence personal and work outcomes. The five job characteristics in the Job Characteristics Model are:Skill varietyTask identityTask significanceAutonomyFeedback.Motivating Potential Score (MPS) is a measure used to assess the potential of a job to motivate employees. It is calculated using the Job Characteristics Model's five dimensions to assess the level of challenge and skill required to perform a job.

MPS measures the degree to which a job's characteristics are motivating and encouraging for an employee, which contributes to their performance, job satisfaction, and growth potential. MPS is a number that ranges from 0 to 100, with higher scores indicating greater motivation potential.

Learn more about  job characteristics model here:https://brainly.com/question/17228938

#SPJ11

Estimated variable cost of sales per unit sold = Change in cost of sales / Change in units sold = $30,600 / 2,240 = $13.66.To calculate the estimated total fixed cost using the high-low method, we can use the formula: Estimated total fixed cost = Total cost - (Estimated variable cost per unit x Total units)

To calculate the break-even point in units, we can use the formula:

Break-even point (units) = Fixed costs / (Selling price per unit - Variable costs per unit)

Using the original numbers, we get:

Break-even point (units) = $975,000 / ($30 - $17.50) = 65,000 units

If the variable costs per unit decrease to $16.65 and fixed costs increase to $1,041,300, the break-even point in units would be:

Break-even point (units) = $1,041,300 / ($30 - $16.65) = 78,000 units

To calculate the estimated variable cost of sales per unit sold using the high-low method, we need to find the change in cost of sales and the change in units sold between the highest and lowest months.

Using the highest and lowest months (April and January), we get:

Change in cost of sales = $64,000 - $33,400 = $30,600

Change in units sold = 2,700 - 460 = 2,240

Learn more about fixed cost from

https://brainly.com/question/20670674

#SPJ4

The present value of the principal is $3,270,300.

The present value of the principal is calculated as follows: The amount of the bond payable semi-annually is given by the formula:PMT = (Stated interest rate * Face value) / Number of payments per yearSubstituting the values given:PMT = (6% * $3,000,000) / 2= $90,000The present value of an annuity of $1 for eight years at a 6% interest rate and two payments per year is 6.210.

The present value of an annuity of $1 for eight years at an 8% interest rate and two payments per year is 5.747.The present value of the principal is calculated as follows:PV = (PMT * PV annuity factor) + (Face value * PV factor)PV = ($90,000 * 6.210) + ($3,000,000 * 0.627)PV = $1,389,300 + $1,881,000PV = $3,270,300.

For more such questions on principal

https://brainly.com/question/30163719

#SPJ11

The function of management that creates a well-designed road map of the actions needed to lead a company forward is Planning.

The management function that lays the groundwork and creates a well-designed road map for the actions needed to lead a company forward is the "Planning" function. Planning involves defining goals, developing strategies, outlining tasks and schedules, and allocating resources to achieve those goals.

It provides direction and purpose to an organization by outlining what needs to be accomplished and how to achieve it. Without a well-designed plan, an organization may lack direction and focus, and may not be able to effectively allocate resources and achieve its goals.

Learn more about management function here

brainly.com/question/18724077

#SPJ4

The given question is incomplete, the complete question is:

Which functions of management lays the groundwork and creates a well-designed road map of the actions needed to lead a company forward ?

The market structure where consumers have a wide range of choices among similar but not identical products is known as monopolistic competition.

In this type of market, there are many producers of the same or similar products, but each producer has some degree of control over the price due to differentiation. In monopolistic competition Producers compete on various factors such as quality, style, design, and customer service to differentiate their products from others.

Consumers have the freedom to choose from different products and can switch to a competitor's product if they are not satisfied with the quality or price of their current product.

To learn more about monopolistic competition, visit here

https://brainly.com/question/29407851

#SPJ4

To calculate the expected rate of return for Campbell Soup's stock, we need to use the dividend discount model.

This model calculates the present value of all future expected dividends and capital gains. Using the formula, the expected rate of return for Campbell Soup's stock can be calculated as follows: Expected Rate of Return = (Expected Year-End Dividend / Stock Price) + Expected Growth Rate

Substituting the given values, we get: Expected Rate of Return = ($2.89 / $99.58) + 2.36% = 5.46% Therefore, based on the information provided, the expected rate of return for Campbell Soup's stock is 5.46%. This means that an investor can expect to earn a return of 5.46% on their investment in Campbell Soup's stock, consisting of dividends and capital gains.

However, it is important to note that this is just an estimate based on certain assumptions, such as the expected growth rate remaining constant. Investors should also consider other factors, such as market conditions and the company's financial performance, before making investment decisions.

Learn more about Investors here:

https://brainly.com/question/7465905

#SPJ4

Answer: 1. Add the cost to the price of goods

2. Negotiate with carriers.

3. By using the cost allocation method

4. By implementing cost-cutting measures

Explanation:

As part of their audit procedures, auditors must be aware of subsequent events that may impact the financial statements of the client.

Subsequent events are events or transactions that occur after the client's year-end, but before the financial statements are issued or available for issuance.

These events can be classified as either "recognized" or "non-recognized" subsequent events.Recognized subsequent events are those that provide evidence of conditions that existed at the year-end.

For example, a customer lawsuit that was filed after year-end but pertains to a transaction that occurred before year-end would be a recognized subsequent event.

The auditor must evaluate the impact of recognized subsequent events on the financial statements and ensure that appropriate adjustments are made.

Non-recognized subsequent events are those that provide evidence of conditions that did not exist at the year-end but arose after the year-end.

These events can be important to the auditor because they may require adjustments to the financial statements or disclosure to prevent them from being misleading.

For example, if the client's inventory is destroyed by a fire after year-end, the auditor must evaluate the impact of the event on the financial statements and ensure that appropriate adjustments are made.

In the case of asset obsolescence, subsequent events may provide evidence that the client's assets are no longer useful or valuable. If this is the case, the auditor must evaluate the impact of the event on the financial statements and ensure that appropriate adjustments are made.

If the assets are no longer useful, the auditor may need to revalue them at a lower amount or write them off altogether.

Overall, auditors must be aware of subsequent events that may impact the financial statements of the client. They must evaluate the impact of these events and ensure that appropriate adjustments or disclosures are made to prevent the financial statements from being misleading.

For more question on "Auditor" :

https://brainly.com/question/24317218

#SPJ11

To compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods, we need more information such as the cost of goods sold and average inventory.

Without that information, we cannot compute the inventory turnover ratio, and thus cannot determine which costing method is a more accurate indicator of inventory management efficiency.

The inventory turnover ratio measures the number of times a company sells and replaces its inventory during a specific period. It is computed by dividing the cost of goods sold by the average inventory for that period. The FIFO and LIFO methods are two common inventory costing methods used to determine the cost of goods sold and ending inventory.

Under the FIFO method, the first items purchased are the first items sold, while under LIFO, the last items purchased are the first items sold. The choice of inventory costing method can have a significant impact on the reported cost of goods sold, gross profit, and net income.

However, determining which costing method is a more accurate indicator of inventory management efficiency depends on the specific circumstances of the business.

In general, the FIFO method tends to provide a more accurate picture of the cost of goods sold, as it reflects the actual flow of inventory. On the other hand, the LIFO method may be more useful in periods of rising prices, as it tends to result in lower taxable income and higher cash flow.

Ultimately, the choice of inventory costing method should be based on a careful analysis of the business's needs and goals, as well as the specific characteristics of its inventory and pricing environment.

For more questions like Inventory click the link below:

https://brainly.com/question/14184995

#SPJ11

Carrie's Balance Sheet (January 1, 2021) serves as the most appropriate heading for Carrie's income statement because it includes the specific date which the balance sheet reflects (January 1, 2021).

(d) can not be the most appropriate heading

a. Carrie's Balance Sheet (January 1, 2021) is the most appropriate heading for Carrie's balance sheet as it includes the specific date (January 1, 2021) that the balance sheet represents. This provides clarity and accuracy regarding the period of time the balance sheet covers.

b. Carrie's Balance Sheet (January) would not be as specific as (a) as it only includes the month (January) without specifying the year.

c. Carrie's Balance Sheet (Friday, January 3) includes the day of the week (Friday) along with the date (January 3), which may not be necessary information for a balance sheet heading.

d. Carrie's Balance Sheet (January 2011 - January 2021) would imply that the balance sheet represents a period of 10 years, which may be too broad for a personal balance sheet. Personal balance sheets typically represent a snapshot of an individual's financial position at a specific point in time rather than a range of years.

Therefore, (d) may not be the most appropriate heading for a personal balance sheet. So, option (a) is the most suitable heading for Carrie's balance sheet.

To know more about Carrie's Balance Sheet

https://brainly.com/question/22988522

#SPJ4

John Blakemore's property tax is $5,891.94.

Property tax is a tax that homeowners pay to the local government based on the value of their property.

In John Blakemore's case, his home is located in Columbus, Ohio, where the rate of assessment is 35% of market value. This means that the local government assesses his home to be worth 35% of its market value, which is $275,000 in this case.

To calculate the assessed value of John Blakemore's home, we need to multiply the market value by the assessment rate:

Assessed value = market value x assessment rate

Assessed value = $275,000 x 0.35

Assessed value = $96,250

Now that we have the assessed value of the property, we can calculate the property tax. The tax rate in Columbus, Ohio, is $61.23 per $1,000 of assessed value. To calculate the property tax, we need to multiply the assessed value by the tax rate and then divide by 1,000:

Property tax = (assessed value x tax rate) / 1,000

Property tax = ($96,250 x $61.23) / 1,000

Property tax = $5,891.94

To know more about property tax here

https://brainly.com/question/15227817

#SPJ4

The contribution margin calculated on the basis of given information is $260,000.

The contribution margin is calculated as the difference between sales revenue and variable costs. In this case, sales revenue is $750,000, and the variable costs of goods sold and variable selling and administrative expenses are $400,000 and $90,000, respectively.

Thus, the total variable costs are $490,000 ($400,000 + $90,000). Subtracting the variable costs from the sales revenue gives the contribution margin of $260,000 ($750,000 - $490,000). This represents the amount of revenue that is available to cover fixed costs and provide profit.

For more questions like Profit click the link below:

https://brainly.com/question/15699405

#SPJ11

A business discloses the following data: January cost per month, total units sold: 990 $ 5,540 March 2,580 $ 9,000 February 1,890 $ April 690 $ 3,330. The estimated total fixed cost is  $846.

To use high low method, we need to identify the highest and lowest activity levels and their corresponding costs.

Highest activity level: 2,580 units sold in march with a total cost of $ 9,000.

Lowest activity level: 690 units sold in April with a total cost of $ 3,330

Using these value, we can calculate the variable cost per unit:

Variable cost per unit=(Total cost at Highest activity level-Total cost at Lowest activity level)/(Highest activity level-Lowest activity level)

Variable cost per unit=($ 9,000-$ 3,330)/(2,580-690)=$3.60

To calculate the total fixed cost, we can use either the highest or lowest activity level and their corresponding total costs:

Total fixed costs=Total cost-(Variable cost per unit*Number of units)

Using the highest levels:

Total fixed costs=$ 9,000-($3.60*2580)=$ 9,000-$ 9,288=-$288

Using the Lowest levels:

Total fixed costs=$ 3,330-($3.60*690)=$ 3,330-$ 2,484=$846

Since the negative fixed cost doesn't make sense, we can conclude that the estimated total fixed costs using high low method is $846.

Learn more about total fixed cost here

https://brainly.com/question/28329753

#SPJ4

Mo recently returned a debt from his cousin by sending him $13,500. It was an 8% simple interest loan with a 10-year term. Mo borrowed $1516.85, 10 years ago.

Lenders make money when you take out a loan by charging interest. Or to put it another way, interest is the cost of borrowing loan from a bank. You are thus required to repay the debt in full plus the amount you borrowed plus the interest. Interest is the fee you pay to borrow money or the fee you charge to lend money. The most typical way to represent interest is as a yearly percentage of the loan amount. The interest rate on the mortgage is known as this percentage.

We know that Mo paid back a loan of $13500 after 10 years at a loan of $13500 after of 89%. We can use this information to find the Principal amount:

Simple interest= Principal * rate* time

13500=Principal * 0.89* 10

Principal= 13500/8.9

Principal= 1516.85

Learn more about interest loan here

https://brainly.com/question/28106777

#SPJ4

Employees without formal power positions can exercise significant personal power in an organization by creating a sense of influence or credibility among their colleagues.

This personal power is often based on their expertise, knowledge, and personal charisma, and it can be just as influential as the formal power that comes with a job title or position. By gaining the respect and trust of their coworkers, these individuals can influence decisions and outcomes in the workplace.

For example, a senior salesperson who has been with the company for many years may not hold a formal management position but may still have significant influence within the sales team due to their experience and expertise.

Similarly, an employee who is particularly skilled at building relationships with clients may be able to influence decisions and outcomes related to customer service and retention, even if they do not hold a formal leadership position.

In essence, personal power is derived from an employee's ability to influence others through their personal attributes, rather than their position or authority within the organization.

To learn more about employees click on,

https://brainly.com/question/29536744

#SPJ4

Factory worker, supermarket cashier, and short-order cook are all examples of occupations with high levels of job strain.

"What is job strain"? Job strain is a common work-related stressor that results from an individual's lack of control over job demands. When job demands are high and the worker has little control over how they perform their job duties, job strain may occur. Job strain is common in occupations that involve high levels of responsibility and the need to perform demanding work duties on a daily basis.

Supermarket cashier, factory worker, and short-order cook are all examples of occupations with high levels of job strain because they require a lot of physical and mental effort to perform their duties.

Learn more about supermarket cashier here:https://brainly.com/question/31070737

#SPJ11

Replacing a traditional risk management program with an enterprise risk management program may be challenging for a firm because Implementing.

Because it necessitates considerable modifications to the organization's current processes and procedures, implementing an enterprise risk management programme to replace a standard risk management programme can be difficult for a company.

This calls for the creation of a culture of risk awareness, the implementation of a complete risk management programme, and its integration with the broader operations of the business. An enterprise risk management programme must also be customised to the firm's needs and continually reviewed and updated to account for shifting circumstances.

To guarantee the programme is successful and achieves the organization's goals, a significant amount of time and money must be invested.

Moreover, partnerships with external suppliers must be built and maintained.

Complete Question:

Replacing a traditional risk management program with an enterprise risk management program may be challenging for a firm because ____________.

To learn more about risk management visit:

https://brainly.com/question/30700659

#SPJ4