The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.
Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage. For instance, even though it is probably more financially advantageous for an executive to remain with a company rather than retire early, doing so is still regarded as rational action if the executive feels that the advantages of retirement outweigh the utility of the income she receives.
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The closing of a post-interview thank-you note should remind the interviewer of the candidate's interest in the position and use the "you" attitude. Which is the best way to close the thank-you letter?
a.I am eager to become part of such an established and respected company and hope to hear from you soon.
b.I am certain that my contributions will improve Mercer's already excellent record and look forward to joining the staff soon.
c.Because I have interviewed at several other firms, I would appreciate hearing from you as soon as possible.
A. "I am eager to become part of such an established and respected company and hope to hear from you soon."
In a post-interview thank-you note, it is important to leave a positive impression and reiterate your interest in the position. Option a. accomplishes this by expressing eagerness to join the company and the hope to hear from the interviewer soon. It conveys enthusiasm and a desire to move forward in the hiring process. Option b. also expresses confidence in one's abilities but lacks the personalized touch of option a. Option c. brings up other interviews and may come across as pushy or desperate, which is not recommended.
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american business students may be at a disadvantage because ________.
American business students may be at a disadvantage because of a narrow focus on domestic markets and limited exposure to international business practices.
While American business education offers comprehensive training in various areas of business, the primarily domestic focus of the curriculum can limit students' understanding of global markets and international business dynamics. In an increasingly interconnected and globalized economy, this lack of exposure to international perspectives and practices can put American business students at a disadvantage compared to their counterparts from other countries.
International business involves unique challenges, such as cultural differences, varying legal frameworks, and diverse market conditions. Students who have a broader understanding of international business practices and global markets are better equipped to navigate these complexities and seize opportunities beyond their home country. They can develop cross-cultural competence, adaptability, and a global mindset, which are crucial skills for success in today's global business environment.
Furthermore, globalization has led to the integration of economies and increased competition on a global scale. Businesses must be able to compete in international markets and understand the nuances of conducting business across borders. Exposure to international business practices can provide students with insights into different strategies, approaches, and market dynamics, fostering a more well-rounded and adaptable skill set.
To address this disadvantage, many business schools in the United States have recognized the importance of international exposure and have incorporated international components into their curricula. This may include study abroad programs, international internships, guest lectures by global business leaders, or collaborations with international partner institutions. These initiatives aim to broaden students' perspectives and equip them with the knowledge and skills necessary to succeed in the global business landscape.
In summary, the primarily domestic focus of American business education can put students at a disadvantage in today's globalized economy. Expanding the curriculum to include international perspectives and providing opportunities for exposure to global business practices can help bridge this gap and better prepare American business students for success in the international arena.
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the process of moving goods from the manufacturer into the hands of the consumers is generally referred to as
The process that entails how the goods from manufacturer get down to the consumer is distribution channel.
Distribution channel can be regarded as the methods that is been utilized by firm so that they can deliver their products or services to the end consumer. This method involves network of intermediary businesses.Theses intermediary are as follows, The manufacturers produce the goods moved to the wholesalers , then the wholesaler deliver to retailers.Therefore, Distribution channel is necessary in business for the goods to reach final consumer.
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What is the principle distinction between explicit costs and implicit costs?
The main difference between explicit costs and implicit costs is that explicit costs are the actual out-of-pocket expenses that a firm pays for resources such as wages,
Rent, utilities, and materials, while implicit costs are the opportunity costs of using resources that the firm already owns or could have used in their next best alternative.
Explicit costs are easily measurable and visible on a company's balance sheet as they are tangible and require a direct payment.
On the other hand, implicit costs are harder to measure because they do not require a direct payment and are not recorded on the company's balance sheet.
For example, the implicit costs of a firm's owner-manager's time, effort, and expertise in running the business or the opportunity cost of using an asset for one purpose instead of another.
Both explicit and implicit costs are important considerations for firms as they impact the firm's profitability and decision-making process.
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The chart shows the marginal cost of producing apple pies.
A 3-column table titled The cost of pie production has 7 rows. The first column is labeled Pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. The second column is labeled Total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5. The third column is labeled Marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, and 1.50.
This chart demonstrates that the marginal cost
initially decreases as production increases.
initially increases as production increases.
eventually decreases as production increases.
eventually increases as production decreases.
Answer:
initially decreases as production increases.
Explanation:
Marginal cost refers to the additional expenses incurred by producing one more unit. According to the chart, the production of the first item had a marginal cost of $1. the second item had a marginal cost of $0.50, and the third item $0.25. The marginal cost trend is on the decline.
The marginal cost starts to increase after the fourth item. It is clear that the marginal cost was initially declining but began to rise as production increased.
Answer:
b
Explanation:
If the risk likelihood is 0.3, the risk impact is 5.0, the risk consequence is:
Group of answer choices
a. 6.0
b. 5.3
c. 1.5
d. None of these
To calculate the risk consequence, we need to multiply the risk likelihood by the risk impact. In this case, the risk likelihood is 0.3 and the risk impact is 1.5,
Risk consequence = Risk likelihood x Risk impact
Risk consequence = 0.3 x 5.0
Risk consequence = 1.5
Therefore, the answer is c. 1.5.
Hi! To calculate the risk consequence, you should multiply the risk likelihood by the risk impact. In this case, the risk likelihood is 0.3 and the risk impact is 5.0.
Step 1: Multiply risk likelihood (0.3) by risk impact (5.0).
0.3 * 5.0 = 1.5
The risk consequence is 1.5. Therefore, the correct answer is option (c) 1.5.
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Write a promotion policy below - include personal qualities and behaviors the company rewards and how they are rewarded, such as raise or promotion.
Answer:
When a company tells its employees that there’s no dress code and that it’s a casual work environment, that’s a trick. Don’t be fooled – there’s no such thing as a casual work environment when it comes to how you look. Fair or not, how you dress is super important.
Explanation:
Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
Compare and contrast the principal characteristics of a market economy with those of a command economy
Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
4) a stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. if markets are efficient, what should the price be in 4 years?
A stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. The expected price should be $25.75 after four years.
The dividend of $2 is paid at the end of the year, and dividends grow at an annual rate of 3%. The discount rate is 10%. The expected price should be determined after four years.
Formula to be used is: P0 = (D1 / r - g)
Where P0 = the current price
D1 = the dividend paid at the end of the year
r = the discount rate
g = the growth rate of dividends
The growth rate of the dividend is given as 3%, which means g = 3%.
The dividend in the coming year would be:
D1 = D0 (1 + g)
Where D0 is the current dividend of $2
D1 = 2 (1 + 0.03) = $2.06
The current price of the stock is:
P0 = D1 / r - g
P0 = 2.06 / 0.10 - 0.03 = $25.75
The future price of the stock after four years is:
D5 = D4(1 + g)
D5 = 2(1 + 0.03) = $2.06
The future price of the stock after four years is:
P4 = D5 / r - g
P4 = 2.06 / 0.10 - 0.03 = $25.75
Therefore, the expected price should be $25.75 after four years.
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the normal rate of return on equity capital is also known as
Accourding to the quantity theory of money all countries with the same average annual rates of inlfation must also have the same average annual rates of money growth.
a. True
b. False
True According to the quantity theory of money, if the amount of money in an economy doubles, all else equal, price levels will also double.
Definition: The quantity theory of money states that the money supply and price level in an economy are directly related to each other. When the money supply changes, the price level changes proportionally, and vice versa.
The quantity theory of money states that the price level multiplied by real output is equal to the money supply multiplied by the speed or rotation of the money supply. Speed is generally stable.
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A company sells its products for $80 per unit and has per-unit variable costs of $30 so the contribution margin per unit per unit is $50.
Answer:
the contribution margin per unit is $50
Explanation:
The computation of the contribution margin per unit is shown below:
Given that
The Selling price per unit is $80
And, the per unit variable cost is $30
Based on the above information
the contribution margin per unit is
= Selling price per unit - variable cost per unit
= $80 - $30
= $50
hence, the contribution margin per unit is $50
Please post detailed answers to the following questions. Please use complete sentences. Why is money management important? How would you rate your own money management?
One of the most crucial aspects of you financial life is money management.
Why is proper money management important?Reaching your financial objectives, paying off debt, and increasing your savings can all be facilitated by understanding how to budget, spend, and save.It is strongly advised that students create a budget for each category, such as food, phone, travel, etc. Any person should be very aware of where their funds are coming from and going. You may find out where you overspend and where you waste money by keeping track of your costs. Your money remains in good shape if you consistently spend less as you make.
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if leader-subordinate relations are good, position power is low, and task structure is high, the situation would be categorized as a. unfavorable. b. favorable. c. medium favorable. d. controlled.
The situation would be categorized as b. favorable.
When leader-subordinate relations are good, it means there is a positive and supportive relationship between the leader and their subordinates. A low position power indicates that the leader's authority is not based solely on their position but on their personal influence and credibility. A high task structure implies that the tasks and goals are clearly defined and structured. In a favorable situation, the positive leader-subordinate relations contribute to better communication, cooperation, and trust within the team. The low position power allows for more collaborative decision-making and empowerment of subordinates.
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Which of the following is shown on a statement of cash flows? a. A stock dividend b. A stock split c. An appropriation of retained earnings d. None of these.
A statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a company during a specific period. Therefore, they are not typically shown on a statement of cash flows.
It is used to analyze the company's ability to generate and utilize cash. On a statement of cash flows, you will find information related to the company's operating activities, investing activities, and financing activities. These activities involve actual cash transactions that impact the cash position of the company.
A stock dividend, stock split, or appropriation of retained earnings does not directly involve cash transactions. A stock dividend involves the distribution of additional shares of stock to existing shareholders, a stock split increases the number of outstanding shares, and an appropriation of retained earnings is a decision to allocate a portion of retained earnings for a specific purpose. While these actions may have an impact on the company's equity or retained earnings, they do not result in cash inflows or outflows and, therefore, are not typically shown on a statement of cash flows.
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Why is it important to frame and scope a data analytics project properly? a. To ensure alignment among stakeholders of the data analytics project. b. To ensure that the same data analytics project has not been done previously. c. To ensure that not all the processes are automated through data analytics. d. To ensure that the probability of success of the data analytics project is over 15%.
O To make sure all project stakeholders are on the same page. O To confirm that a similar data analytics project has not already been completed. O To .
What is an example of a stakeholder?
O To make sure the project's stakeholders are in agreement. O To confirm that the same data analytics project has not already been completed. O To .
A stakeholder might be any of a large number of individuals that are touched by or invested in the project. A stakeholder could, for instance, be the owner or even the shareholder. But, stakeholders might also include bondholders, customers, suppliers, and vendors.
An "person or group that has an interest in any decision or action of an organization" is referred to as a stakeholder in the international standard ISO 26000, which offers guidelines on social responsibility.
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you hurt your back at work by falling of a ladder and are out of work for a month
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
Which of the following best helps a company move toward achieving its
vision and mission?
A. Goals and objectives
B. Competitors and stakeholders
C. Activist investors
D. Corporate social responsibility
Answer:
A. Goals and objectives
Explanation:
Setting Goals and objectives sets you in a position to succeed. Doing this makes you organized and ready to face any challenges that you might face in order to achieve thos goals.
What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
A PDF file is used to display a file as it will look when _______.
Answer:
a pdf file is used to display a file as it will look when _____.
Sarah’s marketing team was beginning the process of developing a new product to expand their current product line and/or mix. At her very first meeting, she had the team write on the board their objectives within the marketing department, the business unit, and corporation, the characteristics they’d like their new product to have its role within the current marketing offerings, and the target market they would be targeting. This indicates that Sarah and her team were at the ___________ stage of the new product development process.
Answer: New-product strategy
Explanation:
Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.
This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.
Comparing traditional view of the cost of variability and Taguchi's view of cost of variability,
a)Both views are about the same.
b)Traditional view holds that as long as the product is within specification, there is no difference.
C)Taguchi's view holds that closer to the midpoint of specifications better it is.
d)B and C are true.
e)None of the above.
What is the meaning of business opportunity
Answer:
A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.
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A borrower makes $60,000 per year. The borrower's spouse makes $3,000 per month. The borrowers' monthly housing expense is $1,500. They have a car payment of $500, a boat payment of $350, a phone bill of $150, and a car insurance payment of $100.
Required:
What is the couple's back-end DTI?
Based on the information given the couple's back-end DTI is 29.38%.
Couple's back-end DTIFirst step
Borrower 1's annual income=$60,000/ 12 month
Borrower 1's annual income= $5,000
Second step
Total monthly income =$3,000+ $5,000
Total monthly income=$8,000
Third step
Couple's back-end DTI=$1,500+$500+$350/$8,000
Couple's back-end DTI=$2,350/$8,000
Couple's back-end DTI=29.38%
Inconclusion the couple's back-end DTI is 29.38%.
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one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
True. one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
What is meant by market segmentation?Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing.
People who are gathered together for marketing purposes are referred to as market segments. Market segments are subsets of a broader market that frequently group people together based on one or more shared traits.
Segmentation is used to focus marketing efforts on the customers that fit your ideal customer profile (ICP), or those who are most likely to purchase your good or service.
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one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user. T or F
Omer Service Reading
QUESTION 9 of 10:
happens when there is not enough staff to handle the customers.
OOOO
a) Customer service
b) Employment laws
c) Overstaffing
O d) Understaffing
Submit
Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
Answer: She can produce 50 drinks in 1 hour, 200/4 = 50
Answer:
50
Explanation:
divide 200 by 4
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3) why is so much emphasis placed on the organizational structure established in sap? in particular, why is setting up an appropriate cost center hierarchy so important
Setting up an appropriate cost center hierarchy in SAP is important because it enables effective cost management, budgeting, and financial reporting. It helps allocate costs to specific departments or divisions, facilitates tracking and analysis of expenses, and provides a clear structure for decision-making.
The hierarchy allows for better visibility and control over costs, facilitates accurate reporting and analysis of financial data, and supports effective planning and resource allocation within the organization.
Setting up an appropriate cost center hierarchy in SAP is crucial for several reasons. Firstly, it enables effective cost management by providing a structured framework to allocate expenses to specific departments, divisions, or business units. This allows organizations to accurately track and analyze their costs, identify areas of inefficiency, and make informed decisions to optimize resource allocation.
Secondly, a well-designed cost center hierarchy facilitates budgeting processes. It provides a clear structure for setting budget targets and allocating funds to different cost centers. This helps ensure that financial resources are distributed in alignment with organizational goals and priorities.
Thirdly, the cost center hierarchy plays a vital role in financial reporting. It allows for accurate and meaningful reporting of financial data by organizing costs in a logical and hierarchical manner. This makes it easier to generate reports that provide insights into the financial performance of specific departments or divisions, aiding in decision-making and performance evaluation.
Additionally, the cost center hierarchy supports effective planning and forecasting. By establishing a hierarchical structure, organizations can evaluate the financial impact of potential changes or investments at different levels of the organization. This helps in assessing the feasibility and potential outcomes of various initiatives before implementation. overall, the emphasis placed on the organizational structure, particularly the cost center hierarchy, in SAP is crucial for enabling effective cost management, budgeting, financial reporting, and strategic decision-making within an organization.
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What is receptive skills ?
Answer: They are skills where the person receives information.
Explanation: When it comes to receptive skills, it is where the person learns by receiving information. A common way to develop receptive skills is through reading and listening. A person who reads is someone who is receiving knowledge through the process of identifying the knowledge that he sees, while the person who listens receives it through hearing.