Answer: there are opportunities to increase profit by increasing production.
Explanation: one of the main purpose of doing business is to maximize profits.
When the price of a good is higher than the marginal cost (cost associated with producing one more unit) the business should increase production in order to maximize profits. This is really effective in a competitive market as competitors will look for ways to make their products sell too.
When adding fields to a form, press Ctrl+F8 to show or hide the Field List.
a. True
b. False
Answer:
False
Explanation:
To show or hide the field list, when adding fields to a form, press 'ALT+F8'.
Sonia opened a yoga studio where she teaches classes and sells yoga clothing. Fixed costs for Sonia's yoga studio include the cost of the
A.) Tank tops
B.) Wages paid to the other yoga instructors
C.) Lease on the studio space
D.) Insurance that the landlord requires Sonia to carry for the studio.
Answer:
C.) Lease on the studio space
D.) Insurance that the landlord requires Sonia to carry for the studio.
Explanation:
Fixed cost are costs that do not change with the level of output.
These costs are incurred whether or not people come to Sonia's studio.
Variable costs are costs that change with the level of output. If output rises, variable cost increases and falls if output reduces. In this question, the variable costs are the costs of tank tops and wages paid to the other yoga instructors.
I hope my answer helps you.
Fixed costs in Sonia's yoga studio business, such as the lease on the studio space and insurance required by the landlord, are expenses that remain constant regardless of business activity. These costs are pivotal in planning and managing financial commitments for the sustainability of the business.
The question pertains to fixed costs in Sonia's yoga studio business. Fixed costs are expenses that do not change with the level of production or sales and must be paid regardless of the business's activity level. Examples of fixed costs for Sonia's yoga studio include the lease on the studio space and the insurance required by the landlord. The cost of tank tops would be a variable cost because it fluctuates based on the quantity sold. Similarly, wages paid to other yoga instructors are variable costs because they can vary with the number of classes taught or total hours worked.
In the context of business operations, understanding the distinction between fixed and variable costs is crucial for managing expenses and making informed decisions about pricing, scaling operations, and planning for profitability. Fixed costs like the lease and insurance represent ongoing financial commitments that Sonia must manage to ensure the sustainability of her yoga studio business.
Naomi has just arrived for her first day at work at GloboTech, a large technology company. The first thing the hiring manager, Evan, does is take her on a tour of the building, introducing her to her co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Evan leaves Naomi in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. Evan tells Naomi that he will be back in two hours to bring her to lunch with the entire team. All these activities are part of:__________
Answer: Orientation
Explanation:
The hiring manager is giving Naomi orientation on how things are done at her new work place.
The purpose of orientation in the question's illustration is to help Naomi familiarize with her new work environment and to enable her know what is expected of her in the new job role.
The expenditure approach to GDP is a calculation that separates output by each of the _________ major sectors of an economy.
Answer:
4
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period.
GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.
I hope my answer helps you.
(I) The average lifetime of a debt security's stream of payments is called duration.
(II) The duration of a portfolio is the weighted average of the durations of the individual securities, with the weights reflecting the proportion of the portfolio invested in each.
A. (I) is true, (II) false.
B. (I) is false, (II) true.
C. Both are true.
D. Both are false.
Answer:
The correct answer is C: Both are true
Explanation:
Duration is simply defined as the average lifetime of a debt security stream of payment and the duration of a portfolio is the weighted average of the duration of the individual securities, with the weights reflecting the proportion of the portfolio invested in each.
Sally Mitchell works as a manager at an environmental organization. She is currently working on a global warming project and decides what tasks related to creating awareness about the issue need to be done. In addition, she is also deciding which members of her team will work on engaging with the public and which will work on lobbying with the government. She is also assigning people as team members to ensure that tasks are undertaken on time. Which of the following categories of functions is Mitchell undertaking?A) planningB) organizingC) scrutinizingD) controllingE) envisioning
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
A company has diminishing marginal returns. Total production is 10 units when the first worker is hired. Total production rises to 15 units when the second worker is hired.
What happens to total production when the third work is hired if the company continues to have diminishing marginal returns?
Answer:
Explanation:
The output of first worker was 10 units . The addition of one worker adds 5 units to the total production which is less than output of first worker . This happens due to law of diminishing marginal return. When a third worker is added to the workforce , this time less than 5 units like 4 or 3 units will be added to the total production . So total production may range from 15 to 19 units due to possible addition of units , ranging from 0 to 4 units.
What is a subset of potential customers that are perceived to have common needs and interests?
Answer:
Market segment
Explanation:
Market segment is the way toward isolating a market of potential clients into gatherings, or fragments, in view of various attributes. The sections made are made out of buyers who will react also to showcasing methodologies and who share attributes, for example, comparative interests, needs, or area.
Market incorporate interests, way of life, age, gender
The disaster recovery plan focuses on technology recovery and identifies the people or the teams that are responsible to take action in the event of a disaster, what exactly these people will do when a disaster strikes, and the information system resources required to support critical business processes
A. True
B. False
Answer:
The correct answer is A. True
Explanation:
Disaster recovery plan refers to the processes set up by a company to ensure business continuity in the event of a natural or man-made disaster.
A good example of disaster recovery in an organization (like a bank) is the setting up of auto-replicating IT infrastructure in a different global region so that if the first region fails, the other region can instantly take over and prevent the bank's business from collapsing.
A group is working on a development project at an organization under the guidance of their team leader. Based on accumulated facts, the group had been asked to evaluate a circumstance. Thereafter, the group realized it was time to settle and move forward. What step of group decision-making does this scenario describe?
a. dentify and clarify the goals of the decision
b. Analyze the decision to be made
c. Identify multiple options for the decision
d. Evaluate the positive and negative consequences of alternative decisions rationally
Answer:
b. Analyze the decision to be made
Explanation:
Based on the information provided within the question it can be said that the step of group decision-making being described is to Analyze the decision to be made. This is mainly being stated by them being asked to "evaluate a circumstance" meaning that a decision has already been decided and they need to analyze that decision to make sure it is exactly what they want.
How does the role of the department of labor (DOL) in the economy differ from that of the securities and exchange commission(SEC)?
A) The DOL oversees trade issues while the SEC is the nation's central bank
B) The DOL protects workers while the SEC oversees the stock market.
C) The DOL promotes economic growth while the SEC regulates that growth
D) The DOL addresses labor issues around the world while the SEC protects workers in the united states.
Answer:
B) The DOL protects workers while the SEC oversees the stock market.
Explanation:
The department of labor primary responsibilities is catering to the welfare of retirees, job seekers, and workers. The DOL promotes the well-being of employees by advocating for better working conditions and protecting their health care and retirement benefits. Department of Labor seeks to have employees profit from their time in employment. It administers several laws that concern workers, such as the occupation, health and safety, and the minimum wages.
The Securities and Exchange Commission (SEC) is a federal agency body that regulates the securities industry. The SEC proposes the rules in the securities exchange and options markets. The body promotes and demands integrity and fair practices from all players in the securities exchange industry.
According to the Investment Company Act of 1940, the definition of "investment company" could include which of the following
[A] broker/dealers who have investment discretion over more than 100 accounts
[B] A company whose business is to invest and reinvest in securities.
[C] Pooled investments in precious metals
[D] Insurance company general accounts funding fixed insurance and annuity contracts.
Answer:
Option (B) is the right answer.
Explanation:
According to the investment company Act of 1940, the investment companies are those companies whose main business is to gathers investment capital to invest them in marketable securities.
Hence According to the scenario, the most appropriate answer is option (B).
While the other option is incorrect because of the following reason:
Brokers/dealers can not be considered as an investment company because they are not the company. Pooled investments in metals are not an investment company but considered as the commodity pool. Insurance companies are also not investment companies.The federal organization to report unprofessional health care treatment is:__________
Answer:
The Office of Inspector General (OIG) for the United States Department of Health and Human Services (HHS)
Explanation:
The OIG is responsible for preventing and detecting fraud, waste, abuse, and mismanagement in more than 300 federal health programs run by the Health and Human Services (HHS), e.g. Medicare, FDA, CDC, National Health Institutes, etc.
A subset of brands from a particular product category that becomes the focal point of a consumer's evaluation is an:_________
a. evaluative set.
b. consideration set.
c. brand focus.
Answer:
b. consideration set.
Explanation:
Consideration set by definition "is the subset of brands that consumers evaluate when making a purchase decision. Usually consumer has a limited information processing abilities and limits the comparison to a subset of brands that is termed as consideration set".
Evaluative criteria or set occurs "when a customer selects a different product, than the one they originally had in mind, by some resons like quality, price etc".
Brand Focus "is dedicated to provide our Clients with result-oriented advertising. We support our Clients to reach and compete in the global market".
And as we can see the definition that adjust to this problem is consideration subset since the consumers needs to evaluate that a given product is useful and they decide to buy and use the product.
Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides across an air track at constant velocity. b. A dishwasher was pulled up to a window by a rope using a pulley system. c. A feather falls from one end of a tube to the other inside a vacuum. d. A charged particle was pushed away by another charged particle.
d. A charged particle was pushed away by another charged particle.
This scenario involves a non-conservative force between moving charged particles.
The scenario that describes an object being acted on by a non-conservative force is option d. A charged particle was pushed away by another charged particle.
A conservative force is a force that does not depend on the path taken by an object, but only on the initial and final positions. Examples of conservative forces include gravitational force, spring force, and electrostatic force between stationary charges.
On the other hand, a non-conservative force is a force that does depend on the path taken by an object, such as frictional force and air resistance. In the case of charged particles, the electrostatic force between moving charges is a non-conservative force because the work done by this force depends on the path taken by the charges.
The other options (a, b, and c) involve conservative forces, such as the absence of force (a), gravitational force (b), and gravitational force in a vacuum (c).
Complete question:
Which of the following scenarios describe an object being acted on by a non-conservative force?
a. A puck hovers and glides across an air track at constant velocity.
b. A dishwasher was pulled up to a window by a rope using a pulley system.
c. A feather falls from one end of a tube to the other inside a vacuum.
d. A charged particle was pushed away by another charged particle.
The scenarios describe an object being acted on by a non-conservative force describes an object being acted on by a non-conservative force. The correct answer is option d. describes an object being acted on by a non-conservative force.
In scenario d., the charged particle experiences an electrostatic force due to the presence of another charged particle. Electrostatic forces are non-conservative because they do work on the charged particle, changing its kinetic energy.
This work is path-dependent and is not reversible, as it depends on the specific path taken by the charged particle.
In contrast, scenarios a., b., and c. describe situations where conservative forces are at play. In scenario a., the puck experiences negligible friction and moves at a constant velocity, indicating the absence of non-conservative forces.
In scenario b., the gravitational force acting on the dishwasher and the tension in the rope are conservative forces. In scenario c., although the feather falls due to gravity, in a vacuum, there is no air resistance to dissipate energy, making gravity a conservative force.
You are in the process of starting your own business, a specialty cupcake store. From your study of marketing, you realize that many of your business decisions, such as where to open the store and how to advertise it, will depend on the segment of the population you want to attract as customers for your product. You start looking at data about the types of stores in different parts of the town and the demographics of the individuals in different neighborhoods. What are you doing in this process?1. marketing to the environment2. engaging in category management3. selecting a target market4. analyzing the wheel of retailing5. creating a promotional strategy
Answer:
3. selecting a target market
Explanation:
Based on the information provided within the question it can be said that in this process you are selecting a target market. This involves choosing the correct market that will lead to as much sales revenue being generated as possible. This involves looking at a wide array of data in order to find what the individuals in each market are more likely to purchase.
In which decision-making structure do participants typically meet, butonly interact with each other for part of the meeting?
A. Delphi method
B.Nominal group technique
C. Brainstorming
D. Constructive conflict
E. Electronic brainstorming
Answer:
The correct answer is (B)
Explanation:
Nominal group technique is an efficient decision-making method. The employees and group members make a decision collectively by discussing every possible scenario. In the nominal group technique, the members and employee write down their ideas and possible solution to the problems, and after comprehensively discussing they chose the best idea. It is considered as a good method of brainstorming.
Final answer:
The Nominal Group Technique (Option B) is the decision-making structure where participants meet and interact with each other only during certain parts of the meeting, which includes silent idea generation, sharing ideas, discussing, and voting.
Explanation:
The correct answer is B. Nominal Group Technique. The nominal group technique is a structured decision-making process that involves four key steps. Initially, each member of the group independently and silently writes down their ideas. Then, the group shares these ideas sequentially, ensuring everyone's contributions are heard. Following the idea generation, a discussion phase allows members to ask questions and clarify points about each idea, facilitating interaction. Finally, the process concludes with members voting on their preferred ideas.
This method is specifically designed to combat problems such as social loafing and to foster an environment of equal participation, which is why it is structured with parts of the meeting where interaction between members is limited to discussing and clarifying rather than continuous interaction.
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation
Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that condition.a. inflationb. stagflationc. full employmentd. none of the above
Answer:
c. full employment
Explanation:
The classical theory states that the existence of full employment is normal in economy.To classical economists, the diversion of economy from full employment is something abnormal. Classical theory states that unemployment is caused in economy due to involvement of trade union legislation and minimum wage legislation in free market system.
So the answer is c. full employment
Walmart has a lot of power and exerts strong influence on the suppliers they buy from. This channel power is an example of a(n) __________ vertical marketing system (VMS).
Answer:
administered vertical market system
Explanation:
A regulated or administered vertical promotion structure refers to the framework in which, owing to its massive size, one participant of the manufacturing and distribution process is influential and unofficially conducts the essence of the vertical marketing network.
An illustration of such a framework may include a major retailer like Wal-Mart setting rules for tinier product manufacturers, such as a generic sort of washing detergent.
Managed vertical marketing programs do not use the delivery network's structured legal obligation and corporate control. Alternatively, one representative of the distribution platform produces adequate power to completely control the behavior of other representatives of the service offering.
Fill in the blanks with words that would best complete the passage.avoidance, contractual, abeyance, indemnification, principal, criminal, agent, constructive trustThe principal has several remedies available, including ___ for breach of fiduciary duties and ___ remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the ___ and will be considered held in ___ for the principal. If the agent breaches the agreement, the principal also has a right of ___. Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for ___ .
Answer:
Constructive trust, contractual,
principal, constructive trust, avoidance,
indemnification
Explanation:
Constructive trust is a fair remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to a breach of fiduciary duty.
For misrepresentation, negligence, deceit, libel, slander or trespass by an agent contractual remedies may be applied such as; award of damages, restitution, or specific Performance.
The agency relationship is an arrangement in which one entity (the principal) legally appoints another (the agent) to act on its behalf, so anything that the agent obtains by virtue of the agency relationship belongs to the principal.
A constructive trust is imposed by a court If an agent breaches his or her fiduciary duty to the agent by retaining benefits or profits that belong to the principal. It would be Implied that the agent held the thing on the principal’s behalf.
Avoidance here implies that a principal can avoid or stay away from the contract.
Indemnification sometimes mandates an agent to indemnify (compensate, protect) the principal from the damages.
Learning arises from a four-way interaction between (1) consumers’__________; (2) __________ (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
Answer: The correct answers are "motives" and "stimuli".
Explanation: Learning arises from a four-way interaction between (1) consumers’ motives; (2) stimuli (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
Several years ago, Sarah purchased a structure for $150,000 that was originally placed in service in 1929. In the current year, she incurred qualifying rehabilitation expenditures of $200,000. The amount of the tax credit for rehabilitation expenditures, and the amount by which the building's basis for cost recovery would increase as a result of the rehabilitation expenditures are the following amounts:_________
a. $20,000 credit, $180,000 basis.
b. $20,000 credit, $200,000 basis.
c. $20,000 credit, $350,000 basis.
d. $40,000 credit, $160,000 basis.
e. none of these.
Answer:
amount of the tax credit = $20,000
amount of basis for cost recovery = $180,000
Explanation:
given data
purchased structure = $150,000
rehabilitation expenditures = $200,000
to find out
amount of the tax credit and amount of building's basis for cost recovery
solution
first we get here amount of the tax credit that is express as
amount of the tax credit = 10% of rehabilitation expenditures .................1
amount of the tax credit = 0.10 × $200,000
amount of the tax credit = $20,000
and
mount of building's basis for cost recovery that is
amount of basis for cost recovery = rehabilitation expenditures - amount of the tax credit ...................2
amount of basis for cost recovery = $200,000 - $20,000
amount of basis for cost recovery = $180,000
Emily is her family's kinkeeper. This means that she assumes responsibility for _____. the financial stability of the family caring for her grandchildren while their parents work gathering the family for holidays and disseminating information regularly visiting family members who live in care homes
Answer:
Gathering the family for holidays and disseminating information.
Explanation:
Emily is the kinkeeper of the family, which means she is the one who is responsible for nourishing the family members. Emily is liable to gather family member on different family occasions. Kinkeeper is also responsible for almost every family problem. Kinkeeper generally provides all the information to the member regarding family background and traditions.
According to Moore's data on how workers view their jobs, a. the higher the annual income, the more people get a sense of identity from their job. b. at lower annual incomes, few people get a sense of identity from their job.
Answer:
The correct answer is A) The higher the annual income, the more people get a sense of identity from their job.
Explanation:
Employees do not perceive their duties in the same way when they do so for a lower salary than they aspire to. This situation also affects motivation because they find as if they were giving away their time in exchange for a salary below normal.
The Dells Cargo bank was rocked by scandal with the discovery of one million phony accounts created by employees to hit sales targets and receive bonus. After an investigation, what was discovered was the internal business ethics behavior standards were often brushed aside for profit and bonuses. What would you guess with most likely to be the main reason for ethics breaches of Dells Cargo?
A) Its various levels of management were responsible for misconduct and rule breaking setting an example for company employees
B) Its corporate system had few feedback loops to identify and report ethical inconsistence and problems
C) Its corporate code of ethics was not strict enough and was not included in employee training in a regular basis
D) Management never reprimanded employees who acted unethically
The likely to be the main reason for ethics breaches of Dell's Cargo is Its various levels of management were responsible for misconduct and rule-breaking setting an example for company employees. Thus the correct option is A.
What is Ethics?Ethics refers to moral values which guide an individual to take decisions based on the thought of being right or wrong, Being fair or unfair to reach any conclusion in any procedure.
In this case, Dell's Cargo bank was found in a Scandal by recording Of Phony accounts by their employees to reach to the sales target and receive incentives for the same.
The cause of this action taken by employees is a lack of business ethics standards by the management. The management was responsible for misconduct and rule-breaking setting as they did not pay attention to this.
Therefore, option A is appropriate.
Learn more about Ethics, here:
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A construction company has 12 workers who are paid minimum wage. The company wants to reduce costs because there is less work. Which option would be more effective?
A) Have the workers work more quickly
B) Hire workers who are not as skilled
C) Reduce the amount workers are paid
D) Select several workers to be laid off
Answer:
D) Select several workers to be laid off
Explanation:
As we know that the construction company has 12 workers who are paid minimum wage. But the company wants to reduce costs because there is less work then the company has to select several workers to be laid off though the companies costs will be saved. As the company has less work if the company will make the workers work more quickly, then also the company has to pay the wage of the workers. But if the company will the choose option 'D' it will help the company to save its costs.
Selecting several workers to be laid off is likely the most effective option for a construction company to reduce costs while maintaining work quality, as reducing wages could lead to the loss of its best employees.
To decide which option would be more effective in reducing costs for a construction company with workers paid minimum wage, consider the following analysis:
Having the workers work more quickly might not be sustainable or safe, especially in the construction industry.
Hiring workers who are not as skilled may reduce the quality of work and potentially increase costs due to mistakes and rework.
Reducing the amount workers are paid is not feasible if they are already on minimum wage, as this would be illegal.
Laying off several workers could be the more effective route, aligning the workforce size with the current demand for work. This option is also supported by the adverse selection of wage cuts argument, which suggests that if wages are reduced across the board, the most skilled workers may leave, leaving the company with less capable staff.
Therefore, selecting several workers to be laid off (Option D) is likely the most effective option presented for reducing costs while maintaining the quality of work
Which of the following is NOT a reason why individuals may be tempted to buy a franchise business rather than develop their own independent business?a. the individual can try his or her own personal innovative product and service ideas inthe businessb. to obtain a well-known product or service namec. management training requirementsd. the business’s established imagee.existence of product uniformity standards
Answer:
A) the individual can try his or her own personal innovative product and service ideas in the business
Explanation:
When someone buys a franchise, they obtain a well known product or service which has to be uniform throughout all the existing franchises. Therefore an individual franchise cannot start to offer their own products or services, e.g. all Burger King restaurants should offer the same menu or at least the same regional menus. When you buy a franchise, you are buying an established business concept.
Final answer:
Individuals are not tempted to buy a franchise to test personal innovative ideas because franchises demand consistency and adherence to their proven models which is option e.
Explanation:
The reason that is NOT a motive for an individual to buy a franchise business rather than develop their own independent business is: that the individual can try his or her own personal innovative product and service ideas in the business. This is because franchises typically require adherence to established business models, including product uniformity and operational procedures. The main reasons individuals may be drawn to buying a franchise include obtaining a well-known product or service name, receiving management training, taking advantage of an established business image, and adhering to the existence of product uniformity standards.
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his engineers to speak up with their ideas for improving the company. Employees vote on their favorites and the winner takes home a cash prize. In this scenario, which of the following approaches does Oregano Systems utilize?
A. Top-down approach
B. Horizontal coordination approach
C. Bottom-up approach
D. Dual-core approach
Answer:
C) Bottom-up approach
Explanation:
The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.
In this case Hill, organizes an internal contest in order to get new business ideas.
A new triage team is being brought onto Salesforce and needs to have separate case statuses. How can this requirement be met?1. Create a new field2. Add new values to the "Status" field3. Create a new Support Process4. Create a new record type
Answer:
The correct answer is number "3": Create a new Support Process.
Explanation:
Support processes have are meant to ensure the main processes of the company's operations will work. In Salesforce, they can be created by going to "Setup" and selecting "Support Processes". After clicking "New", we should rename the support process. Finally, we must tap the "Save" button so the changes are stored.