Government pricing controls are frequently necessary in a free market. They are frequently applied as a direct economic intervention strategy to regulate the price of specific goods and services, such rent, gas, and food.
One type of economically essential intervention is price controls. They are commonly used to help steer the economy in a certain direction and are meant to bring down prices for consumers. For instance, it could be considered that some restrictions are necessary to keep inflation in check. Price controls are the opposite of market forces, which result in prices set by producers based on supply and demand. Price limitations are regularly imposed on consumer essentials. Restrictions set by the government may have minimums or maximums. Price floors are the lowest prices, whereas price ceilings are often referred to as price limits.
Price controls may be put in place to ensure affordability and economic stability, but they may also have the opposite effect. Price controls have a history of resulting in problems over time, such as shortages, rationing, a drop in product quality, and the creation of underground markets to sell the price-controlled goods through unauthorised channels.
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Which of the following are true of the job outlook according to the 2020-2021 occupational outlook handbook?
a. Certain jobs in the medical field were expected to grow the most rapidly.
b. The highest-paying occupations require a college degree.
The highest-paying occupations require a college degree is not true of the job outlook according to the 2020-2021 occupational outlook handbook.
The expected change in employment for specific occupations over a given time period is referred to as the job outlook. The Bureau of Labor and Statistics in the United States collects and analyses data to forecast the rate of change in employment in a given occupation over the next ten years. The term "job outlook" refers to the forecast of the expected change in a specific occupation. This forecast is typically estimated based on how many people are expected to work in a given occupation over a given time period, such as five or ten years.
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What is purchasing power parity PPP and how can we use it to compare the economies of countries?
A price level of 0.5 shown for a country in this map means that for a given sum of US dollars you can buy twice as many goods and services in that country than in the US.
Why is PPP important?PPPs control for the differences in price levels between economies and equalize the purchasing power of currencies. In this way, PPPs show the relative price of a given basket of goods and services in each of the economies being compared with reference to a base economy.
Is PPP better than GDP?GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real .
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How hard is data analytics?
Data analysis is a process that combines both "hard" and "soft" skills, not one of them specifically. Procedural programming like Python are among the technical knowledge a data analyst has to possess.
What really is data analysis?In order to find relevant information, establish inferences, and help decision-making, data analysis is the act of looking at, purifying, manipulating, and modeling data.
What do data analysis skills entail?As just a data scientist, you can communicate you findings in an understandable manner by using graphs, charts, maps, as well as other visual visualizations of information. Learning visualization tools like Tableau is frequently necessary to advance your data visualization skills.
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A ____________ is an intermediate consumer.
Multiple Choice
wholesaler
manufacturer's representative
distributor
retailer
broker
Answer:
Retailer
Explanation:
A retailer is a person in as business that sells goods to the public in relatively small quantities for use or consumption rather that for resale.
Can a shipment of food be rejected refused if it is delivered in poor condition?
Yes, a food shipment can be refused if it is delivered in bad condition. Poor condition can mean many things, such as expired food, spoiled, improperly stored, mislabeled, or mishandled during the shipping process.
If any of these conditions are met, the shipment should not be accepted and should be returned to the sender. In order to ensure that the shipper is held accountable, it may be necessary to document the condition of the food when it was received, as well as the reasons for its rejection. In addition, the relevant authorities should be informed if the food poses a risk to safety or health. Rejecting a shipment of food in poor condition can prevent potential illness or injury and should always be taken seriously.
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How can Accenture use artificial intelligence AI to help improve the customer experience?
Accenture invests in distinctive intellectual property as part of an effort to increase confidence in artificial intelligence (AI).Accenture use artificial intelligence AI to help improve the customer experience
Intellectual property includes both human inventions and creative works that are employed in trade.Because there is a law that protects all intellectual property in the nation, the development of this differentiated intellectual property aids Accenture in building trust.Accenture use artificial intelligence AI to help improve the customer experience.It is possible to define artificial intelligence as the simulation of human cognitive functions by machines.Computer systems are being employed as a machine with the assistance of specific applications of AI and the guidance of expert systems.It should be highlighted that Accenture would use responsible artificial intelligence concepts to make sure that the new creations do not harm the communities.
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What are three monetary policy tools that the central bank can use to regulate the money supply and the level of interest rates?
The central bank typically employs three monetary policy strategies: reserve requirements, the discount rate, and open market operations.
Monetary policy is a collection of tools used by a country's central bank to regulate the overall money supply as well as promote economic growth, which includes strategies such as changing interest rates and bank reserve requirements.
Monetary policy is a series of actions designed to control a country's total money supply and promote economic growth. Interest rates and bank reserve requirements are two examples of monetary policy strategies. Monetary policy is typically classified as expansionary or contractionary.
A central bank may change the interest rates this charges on loans to the country's banks. Financial institutions adjust rates for their customers, such as businesses and home buyers, as interest rates rise or fall.
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A single bank with $10,000 of reserves and a reserve ratio of 25 percent could support total transactions account balances of at most?
A single bank with $10,000 of reserves and a reserve ratio of 25 percent could support total transactions account balances of at most of $40,000 .
The reserve ratio is the percentage of reservable liabilities that commercial banks are required to hold in reserve rather than lend out or invest. The nation's central bank, in this case the Federal Reserve in the United States, sets this norm. The cash reserve ratio is another name for it.
A reserve that banks keep with the RBI is called the CRR. It refers to the portion of bank deposits retained in cash. Commercial banks must maintain SLR, or needed reserves, on hand. It reflects a fraction of the commercial banks' net time and demand commitments that are maintained as authorized securities.
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What problems are caused by wealth inequality?
Problems caused by wealth inequality includes economic instability, financial crisis, debt and inflation.
Inequality of wealth or income between various groups or within a community is typically referred to as economic inequality. The alleged effects of the rich-poor gap are incredibly varied. Some economists come to the conclusion that inequality is generally good for growth stimulation, increases the standard of living for all citizens, or is just a necessary component of societal progress.
Other economists contend that income inequalities cause minority to be eternally oppressed, exploit vulnerable groups, impede economic development, and result in a host of social issues.
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Which of the following statements is incorrect when referring to installment sales?
a. If there is a gain on an installment sale, the gain is recognized pro rata as the seller receives the installment payments.
b. In order to qualify as an installment sale, at least one payment must be receive in a taxable year after the year of property disposition.
c. Inventory cannot be accounted for under installment sale rules.
d. If there is a loss on an installment sale, the loss is recognized pro rata as the seller receives the installment payments.
The correct option is c. Inventory cannot be accounted for under instalment sale rules.
Inventory items are not eligible for instalment sale treatment under the Internal Revenue Code and must be reported as regular sales transactions. Other items, such as real estate, machinery and equipment, and intangible assets, are eligible for installment sale treatment. With an installment sale, the seller receives a portion of the proceeds in the taxable year of the sale, with the remaining proceeds received in a future taxable year. The gain or loss on the sale is recognized pro rata as the seller receives the instalment payments.
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What 4 types of plans are involved in financial planning?
A financial plan should have a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan as its key components.
What are the four forms of financial data?However, if you're trying to find investors for your company or are looking to apply for credit, you'll find that four different financial statements the balance sheet, the income statement, the cash flow statement, and the statement of owner's equity can be very helpful in assisting you in reaching your financing objectives.
What are financial management's four main pillars?Assets, debts, income, and expenses are the four fundamental elements of everyone's financial framework. You can assess the health of your finances and present net worth by measuring and contrasting these.
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Major Medical policies typically
Major medical insurance is a particular kind of health insurance that will assist in paying for your medical costs.
The risk that a person will need medical care is covered in full or in part by medical insurance. Risk is divided among several people, just like other types of insurance. An insurer can create a standard financial framework, like a monthly premium or payroll tax, to raise the funds necessary to pay for the medical benefits outlined in the insurance agreement by evaluating the overall risk of health risks and health system expenses over the risk pool. A central organisation, such as a government agency, for-profit corporation, or private company, oversees the benefit's administration.
The term "current production" refers to the actual volume of natural gas, crude oil, or natural gas liquids produced during any given month.
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What is paid search in advertising?
Paid search can be defined as giving money for your advertisements.
In the field of business paid search can be defined as paying digital services to display your ads in between their applications. This method is effective when multiple ads have to be played in your system.
Paid search helps more people to watch your advertisements. Each page search has its own monetary value and can be displayed and can be discussed by the company that displays them on its website. Paid search is an effective advertising strategy.
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Which of the following statements is incorrect about quality?
O a. Companies should focus more on preventing product failure than on fixing it.
O b. To ensure good quality, everyone takes responsibility for making sure the output meets specifications.
O c. Design quality of a product cannot be changed unless the product design is changed.
O d. Cost of quality can be calculated as the cost to manage defective products.
Who is considered the principal in an agency relationship in procurement?
O a. The sales manager
O b. The material user
O c. The supplier
O d. The purchasing manager
Option A is incorrect. Instead than resolving quality issues, businesses should put more of an emphasis on preventing product failure.
How well a product satisfies client needs, accomplishes its goal, and complies with industry norms is referred to as its quality. Businesses evaluate a number of critical elements when determining a product's quality, including whether it solves a problem, functions effectively, or serves the needs of customers.
Companies may also assess a product's quality using a range of viewpoints that illustrate how various audiences view a product's use. When evaluating a product's quality, one should take the viewpoints of the client, the manufacturer, the product, and the value of the product into consideration. The success of the business and the development of its reputation in target markets are both dependent on the quality of the products.
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Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items. using the list of items allie and sarah provided, determine their monthly renters insurance premium.
The answer is b, or $74.75. The insurance provider charges an annual premium equal to 20% of the total worth of the covered products if the amount of the items is $3000 or less.
The data from the investigation must first be compiled.
Data:
Let x be the cost of the items that are covered.
They must if the items cost more than $3,000 to purchase.
suggests that x costs more than $3000 and
The annual premium will make up 23% of the entire amount. 2. If the items' combined retail worth is $3000 or less, it
shows that x is $3000. (or that x is)
not more than $3000)
We then determine the total value of everything. $3900 is the sum of all the values, which is higher.
The yearly insurance for the goods will be $897, or $23% times $3900.
But the premium is supposed to be paid every month. To locate Subtract 12 from the total premium.
$897/12 = $74.75
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How does the government interact with business?
The government attempts to shape the business practices through both, directly and indirectly, implementing rules and regulations. The government most often directly influences organizations by establishing regulations, laws, and rules that dictate what organizations can and cannot do.
What are the risk factors that can be controlled changed or treated?
Stroke is a main source of disability and demise around the world, killing almost 6,000,000 individuals every year, and leaving another 5 million for all time debilitated.
There are two sorts of chance variables for the improvement of coronary conduit illness - those you have no control over and those you can.
The "uncontrollable" risk factors are:
Age (the gamble increments with age)Orientation (men foster computer aided design 10 years sooner than ladies)Family ancestry (hereditary inclination and normal ways of life increment risk)Race (frequency is more prominent in certain gatherings of African Americans, Hispanics, Asian Americans, local Native Americans,)The "controllable" risk factors are:
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A company that recently changed its slogan is hosting an optional company picnic. Some members of the marketing team are eating together at the picnic and sharing their thoughts on the new slogan. They find that 80\%80%80, percent of them like the new slogan.
Brand Mantra is a company that recently changed its slogan is hosting an optional company picnic
Slogans enhance marketing campaigns for particular goods, trying to boost revenue for the company. By communicating to the public what a company stands for and what it offers, a slogan can aid in fostering a relationship between a brand and the general public. Slogans employ emotion to express how a good or service might make customers feel.
Slogans help with brand awareness since they stick in people's thoughts and go beyond brand positioning. Effective slogans connect with customers, investors, employees, and other important stakeholders, fostering a sense of comfort and familiarity with a brand.
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What advantage related to tags does QuickBooks Online Advanced have over other subscription levels?
QuickBooks Online Advanced allows for 300 ungrouped tags, whereas the other levels allow for 100
QuickBooks Online Advanced allows for sub-tags and sub-tag groups, whereas the other levels do not
QuickBooks Online Advanced offers unlimited tag groups, whereas the other levels allow for 40
QuickBooks Online Advanced offers 6 tag-based standard reports, whereas the other levels allow for 2
QuickBooks Online Advanced offers unlimited tag group colors, whereas the other levels allow for 16
Which 3 inventory reports are readily available in QuickBooks Online?
Physical Inventory Worksheet report
Inventory by Product Category report
Inventory Obsolescence report
Bill of Materials report
Inventory Valuation Detail report
Inventory Valuation Summary report
What 3 pieces of information does the Performance Center use to perform industry benchmarking?
Company name
Revenue
Credit score
Industry sector
Number of employees
Location
Which 2 of these statements about tagging are true?
Target lines can be tagged
Journal entries can be tagged
Tags are not visible on printed invoices
Billable expenses will transfer tags to an invoice
QuickBooks Online Payroll transactions cannot be tagged
QuickBooks Online Advanced offers unlimited tag groups, whereas the other levels allow for 40. The Inventory Valuation Detail report is readily available in QuickBooks Online. Revenue, Credit Score, and also the Industry Sector is being used by the Performance Centre to perform industry benchmarking.
What is the meaning of industry benchmarking?
Industry Benchmarking involves analyzing a company's key performance indicators but also comparing them to competitors, usually the market leader. A company may be using benchmarking to assess the performance of its systems, services, and products. In external benchmarking, a business contrasts its measurements with those of rivals or others operating in the same industry.
Internal, external, performance, as well as Industry benchmarking, are the four main categories.
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How did the Voting Rights Act influence the use of gerrymandering quizlet?
The Voting Rights Act has been construed by states to suggest that it is occasionally essential to create districts that benefit minorities, such as North Carolina's 12th Congressional District.
How has the Voting Rights Act of 1965 impacted redistricting?Voting techniques and procedures that discriminate on the basis of race, color, or membership in a language minority group are outlawed nationally under Section 2 of the Voting Rights Act. This restriction includes redistricting plans.
The results of state and House of Representatives elections have an impact on the presidential election due to gerrymandering. Since districts are irrelevant in presidential and senate contests, they are unaffected.Districts governed by historically marginalized people are aided through gerrymandering.
The manipulation could take the form of "cracking," which involves spreading out the supporters of the opposing party across several districts, or "packing," which involves concentrating the followers of the opposing party in one district in order to lessen their influence in other districts. Additionally, incumbents may benefit from gerrymandering.
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28. A company manufactures and sells a product for $91 per unit. The company's fixed costs are $859,716 and its variable costs are $25 per unit. What is the company's break- even point in dollars? (Round all calculations to 2 decimal places.) A. $627,592.68 B. $1,177,693.15 C. $622,982.60 D. $1,091,839.30 E. $66.00
29. A company has fixed costs of $90,000. Its contribution margin ratio is 30% and the product sells for $75 per unit. What is the company's break-even point in dollar sales? A. $ 60,000 B. $128,571 C. $180,000 D. $210,000 E. $300,000
30. Lee Company manufactures and sells widgets for $2 per unit. Its variable cost per unit is $1.70. Lee's total fixed costs are $10,500. How many widgets must Lee Company sell to break even? A. 5,250 B. 6,176 C. 35,000 D. 52,500 E. 61,760
31. At Flint Company's break-even point of 9,000 units, fixed costs are $180,000, and variable costs are $540,000 in total. The unit sales price is: A. $20 B. $40 C. $60 D. $80 E. $100 32. Jet Company's break-even point is 5,000 units. The company's fixed costs are 240,000, and its total variable costs are $85,000. The unit sales price is: A. $20 B. $40 C. $60 D. S65 E. $100
A business creates and markets a product for $91 per unit. The business's variable costs are $25 per unit, while its fixed costs are $859,716. The break-even point for the corporation in units is 13,026.
When a company's total costs equal its total revenues, such situation is known as break-even. Simply said, it's the turning moment when a business is able to produce a profit.
A break-even analysis is used by businesses to determine how many products or services they must sell in order to turn a profit. The business hasn't turned a profit yet, but it hasn't lost money either at this point when total costs and total revenues match throughout the course of a certain amount of time.
Break-even point in units = Contribution margin per unit – Fixed costs.
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Gus tutors George in economics for 3 hours, and Gus values his time at $50 an hour. George is willing to pay up to $200 for a tutoring session. Instructions: Enter your answer as a whole number. If George pays only $180 for the tutoring session, consumer surplus will be If George pays only $180 for the tutoring session, consul res by $ V(Click to select producer surplus by $ less tharn greater than
Producer surplus by $10 less than greater.
What is a producer surplus?The difference between the price the producer is capable of selling his goods for and the price he actually receives from the sale is known as the quantity supplied. A criterion of supplier pleasure is producer surplus.
Gus's capacity to accept for three hours P = 3*50 =$150
George is prepared to pay A=$ 200.
George did in fact pay E=$180.
So consumer surplus will be determined as
= A-E
=200-180
=$20
Producer surplus will be determined as
= E-P
=180-150
=$30
Consumer surplus is less by
= 30 -20
=10
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Which method would interest groups most likely use to help shape public policy quizlet?
Whenever the U.S. Supreme Court hears a case, interest organizations can influence the outcome by submitting amicus curiae papers.
What is shaping policy?The majority of interest organizations engage in lobbying, or direct communication with lawmakers or other decision-makers, in an effort to influence public policy.
Through advocacy, education, or the mobilization of interest groups, people and organizations frequently try to influence public policy.
In order to be heard by individuals who can affect or change governmental policies, many politically engaged groups engage in lobbying. By submitting amicus curiae papers in cases that are heard by the U.S. Supreme Court, interest organizations influence the justices.
Creating a policy is known as moulding it. People who are involved in this stage of the process are responsible for "preparing" or "pre-baking" the decisions.
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a plumbing supply company, wants to combine the advantages of different incentive-pay plans and help employees understand the organization's goals. which plan will help the company accomplish this goal?
In the preceding assertion, The organization can achieve this goal with the help of a balanced scorecard plan.
Is it employees or employee's?Add an apostrophe and a s to show that singular nouns are in possession. Add simply an apostrophe to show possession when using plural nouns ending in s, as in three employee paychecks and two boss suggestions.
What are examples of employees?Somebody salesperson at a retail establishment is an example of an employee. The worker is seen as an employee since they have to perform activities in a precise way, such wearing name badges and greeting customers in a certain way.
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What is the best way to increase the amount of profit?
Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up. You can also develop new goods or services or grow into new market segments.
What are the top three techniques to boost your company's profits?Your company can increase profitability in three primary ways: by selling more products, raising prices, and cutting expenses. But improved cost effectiveness can potentially boost revenues.
What factors contribute to rising profits?Demand. Product pricing and profitability are directly impacted by supply and demand. When there is a great demand for your goods, you can convince people to pay more.
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What steps can you take to protect yourself online from identity theft?
There are various things you may take to guard against online identity theft.
What actions can you take to safeguard yourself against identity theft online?Make use of two-step authentication and secure passwords. When establishing passwords, mix upper- and lowercase characters, digits, and symbols. Additionally, when using accounts and services that support two-step authentication, do so.Exercise caution while disclosing personal information. Don't divulge private information to persons you don't know or trust, such as your Social Security or bank account details.Keep an eye on your credit history. To ensure that your personal data is being utilised properly, check your credit reports at least once a year.Protect your gadgets. Install antivirus software and keep it updated on all of your gadgets. Use secure networks whenever you use the internet.Put in a firewall. Your computer is protected by firewalls from hackers and dangerous applications.Use secure websites, please. Make sure the website is secure before providing any personal or financial information online. Look for a lock icon in the address bar and the prefix "https" in the website address.Use emails with caution. Never click on links or open attachments in emails from sources you don't know.To learn more about online identity theft refer to:
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Identify the techniques for improving service productivity. In a paragraph, describe and include an example using a specific service setting of your choice for any five of the techniques.
What are 2 features of a command economy?
Governmental control over salaries and prices, restricted property rights, government ownership of important companies and industries, and active black markets are all traits of the command economy.
What is command economy?A central governmental authority that sets the maximum allowable levels of production and the maximum prices that can be paid for products and services is known as a command economy. Public ownership permeates most businesses.
In a command economy, the central authority sets the quantity produced, as well as how they are distributed and priced.
The fair distribution of commodities and services, according to advocates of command economies, can be secured by government control rather than private enterprise.
Private businesses set production and pricing levels in a free market economy depending on consumer demand.
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What is better than keeping money in savings account?
Higher interest rates are available on high-yield checking accounts than on savings ones. In contrast to lower savings account interest rates, some of these checking accounts have yields of up to 2% annually.
What pays more than a savings account?Generally speaking, certificates of deposit (CDs) offer higher interest rates than conventional savings accounts. Your money is safe in savings accounts since they are covered up to $250,000 by the Federal Deposit Insurance Corporation. A savings account gives you easier access to your money than other types of savings. Savings accounts do not aid in wealth accumulation, and over time, inflation may cause your purchasing power to decline.
The quick answer is yes, but there are a number of things you need to take into account in order to successfully do so. In this article, we'll go through how to live off interest income and how much you might need to save to do so. Many millionaires and billionaires gained their wealth by investing in the stock market or by holding shares in businesses they founded or were employed by.
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What are the 3 main user interface types used to interact with a computer?
The 3 main user interface types used to interact with a computer are Graphical user interface (GUI), Command line interface (CLI) and Menu-driven user interface.
What are the characteristics of GUI?A system of visual, interactive components for computer software is known as a GUI (graphical user interface). A GUI presents information-conveying and action-representative items for the user to interact with. When the user interacts with the items, they alter their color, size, or visibility.
Why do we utilize GUI?The user will be given choice points that are simple to identify, comprehend, and employ. In other words, GUI enables you to use a mouse, pen, or even your finger to control your gadget. Because text command-line interfaces were complex and challenging to understand, GUI was developed.
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