For each of the following statements, decide if the statement is true or false and explain why:
A) If Jane buys a brand new 2016 car in 2017, 2017 GDP does not change.
B) The CPI is a better indicator of the price level than the GDP deflator
C) If workers at a customer service call center in Durham, NC get laid-off because their company has moved the call center to India; this is an example of cyclical unemployment.
D) "Full employment" occurs when every working aged individual in the economy is employed.
Answers
Statement A is false. As an investment in a brand-new good for the economy in 2017, the purchase of a brand-new 2016 car in 2017 would be included in the calculation of the 2017 Gross Domestic Product.
Statement B is also false. Both the Consumer Price Index and the Gross Domestic Product deflator have benefits and drawbacks when it comes to estimating the level of prices. The Gross Domestic Product deflator reflects changes in the prices of all goods and services generated in the economy, whereas the Consumer Price Index reflects fluctuations in the cost of a fixed basket of goods and services commonly consumed by households. As a result, the Gross Domestic Product deflator is more suited to gauging changes in the economy's overall price level, whereas the Consumer Price Index is better suited to measuring fluctuations in the cost of living for households.
Statement C is also false. This situation is an illustration of structural unemployment, which happens when workers lose their jobs as a result of changes in the economic structure (such as outsourcing, technical advancements, or changes in consumer demand) that make their abilities outdated or no longer in demand. On the other hand, cyclical unemployment happens whenever there is a general business cycle downturn, which lowers the demand for labor in a variety of economic sectors.
Statement D is also false. When the economy is operating at full employment, all of its resources are being used to generate goods and services to the greatest extent possible given the technology and resources available. This does not necessarily imply that every person in the workforce is employed, as some people may opt out of the labor force or may not be able to find employment for other reasons, such as disability or retirement. While people may be between jobs or looking for better chances, some level of unemployment is also accepted as typical in a dynamic and evolving economy.
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Related Questions
Which document determines the number of shares in a company?
a stock prospectus
an annual bill of rights
a corporate charter
an annual report
Answers
Answer:
C. a corporate charter
A Corporate Charter is document determines the number of shares in a company.
What is Corporate Charter?
Corporate charter is a legal document which is issued with the Secretary of State or registrar in order to establish a company as a corporation and contain every detailed information about company's share. The corporate charter contain information about governance, structure, objectives, operation, other information about the company and information about that total company shares and how much the company is willing to sell.
Therefore, A Corporate Charter is document determines the number of shares in a company
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-Colin is the managerial accountant in charge of Company A, which sells water bottles. He previously
determined that the fixed costs of Company A consist of property taxes, a lease, and executive salaries, which add up to $100,000. The variable cost associated with producing one water bottle is
$2 per unit. The water bottle is sold at a premium price of $12. To determine the break even point of Company A's premium water bottle.
-Woodturn Ltd. makes a television table that sells for $50 per unit. It has variable costs of $30 per unit and incurs fixed costs of $100,000 per period. Determine the break even point.
-The Sherston Brick Company manufactures a standard stone block for the building industry. The production capacity for the year is 100,000 standard blocks. The selling price per block is $1.60, variable costs are $0.60 per brick and fixed costs are $60,000 per year. Determine the break even
point)
Answers
Answer:
10,000 water bottles 5,000 television tables 60,000 stone blocksExplanation:
Breakeven point = Fixed Cost /(Selling price - Variable expenses)
1. Breakeven = 100,000 / (12 - 2)
= 100,000 / 10
= 10,000 water bottles
2. Breakeven = 100,000 / (50 - 30)
= 100,000 / 20
= 5,000 television tables
3. Breakeven = 60,000 / (1.60 - 0.6)
= 60,000 / 1
= 60,000 stone blocks
The break even points are 10,000 water bottles, 5,000 television tables and 60,000 stone blocks
The calculation is as follows:
Breakeven point = Fixed Cost ÷(Selling price - Variable expenses)
1. Breakeven = 100,000 ÷ (12 - 2)
= 100,000 ÷ 10
= 10,000 water bottles
2. Breakeven = 100,000 ÷ (50 - 30)
= 100,000 ÷ 20
= 5,000 television tables
3. Breakeven = 60,000 ÷ (1.60 - 0.6)
= 60,000 ÷ 1
= 60,000 stone blocks
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Briefly introduce your chosen firms, partners of the strategic alliance (industry, nationality, size, market position…). Max 150 words
What is the type of strategic alliance used by your chosen firms? Explain its different reasons.
What is the method used by the firms to manage their cultures after alliance? underline the pros and cons of this method.
Is this strategic alliance successful? Justify.
What recommendations can you give to the managers of these firms to improve their competitiveness?
Answers
1. Strategic alliance are XYZ Corporation and ABC Industries. 2. the firms employ a cultural integration approach collaboration and knowledge sharing. 3. expanding into new markets. 4. focus on enhancing communication
The strategic alliance between XYZ Corporation and ABC Industries is a joint venture. This type of alliance is formed when two or more firms agree to establish a separate entity to pursue a specific project or goal. The reasons for choosing a joint venture as the strategic alliance include sharing resources, expertise, and risks, accessing new markets, and gaining a competitive advantage. In this case, XYZ Corporation and ABC Industries come together to leverage their respective strengths in technology and manufacturing to develop innovative automotive products
To manage their cultures after the alliance, the firms employ a cultural integration approach. This method involves fostering open communication, promoting cultural exchange programs, and establishing shared values and norms across the organizations. The pros of this method include increased collaboration, knowledge sharing, and synergy between the firms. However, there may be challenges in reconciling cultural differences and ensuring a smooth integration process.
The strategic alliance has been successful thus far, evidenced by the collaborative efforts in developing cutting-edge automotive products and expanding into new markets. The firms have seen growth in their market share and profitability since the alliance. However, continuous evaluation and monitoring of the alliance's performance are essential to sustain its success.
To improve competitiveness, the managers should focus on enhancing communication and collaboration between the teams, investing in cross-cultural training programs, and aligning their strategic goals and objectives. They should also prioritize innovation and research to stay ahead of market trends and customer demands. Regular performance assessments and feedback mechanisms can help identify areas for improvement and ensure continuous learning and development within the alliance.
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newman software corporation acquired 30% of the voting shares of keller corporation for $250,000 on january 1. keller reported income of $120,000 during the acquisition year. what is newman's share of keller's acquisition year income?
Answers
Newman's share of Keller's acquisition year income is $36,000.
Newman software corporation acquired 30% of the voting shares of Keller corporation for $250,000 on January 1. Keller reported an income of $120,000 during the acquisition year.
This is calculated by multiplying Keller's income of $120,000 by Newman's ownership percentage of 30%.
$120,000 x 30% = $36,000.
This calculation is based on the assumption that the acquisition date and the end of Keller's fiscal year are the same, and that Newman's purchase of 30% of the voting shares gives them proportional control over Keller's financial activities.
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Correct question:
Newman software corporation acquired 30% of the voting shares of Keller corporation for $250,000 on January 1. Keller reported an income of $120,000 during the acquisition year. what is Newman's share of Keller's acquisition year income?
Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD? Pls explain how u got the answer
A) $200,000
B) $300,000
C) $60
D) $600,000
Answers
Answer: $600,000
Explanation:
The sales revenue will be gotten as:
= Cost + Contribution Margin
where,
Cost = $400,000
Contribution Margin = $20 x 10,000 = $200,000
Therefore, Sales revenue will be:
= $400,000 + $200,000
= $600,000
Maurice is always on time to meetings and other company events. He has never missed a project deadline, and he is usually the first person people call when they
need help. Which attribute is Maurice displaying?
O Reliability
O Communication
O Problem solving
Teamwork
Answers
Answer:
Reliability, because if he is the one everyone calls in need of help than it would be considered reliable.
Answer:
A. Reliability
Explanation:
Its this answer because he is always on time to his meeting so his boos can rely on him. He has never missed a deadline so his clients can rely on him etc.
A business owned by only one person is called a____
A - corporation
B - sole proprietorship
C - partnership
D - limited liability company
Answers
B - sole proprietorship
Ofac requires depository institutions that hold blocked property to file annual reports by.
Answers
Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
What is annual report?It should be noted that annual report is a document which describes the financial condition of a company for the previous year.
In this case, Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
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price was one of the main factors keeping organic food from becoming more popular. at the moment, consumers were not purchasing as much organic milk as the farmers were producing, since they were able to continue buying the less expensive regular milk. if the price of organic milk stays high, which of the following describes what will happen? a.) as the price decreases, consumers will buy less milk. b.) the price will go down until it reaches equilibrium. c.) the price will continue to increase. d.) vendors will sell more milk at the higher price.
Answers
In case the price of organic milk remains high, then the price will go down until it reaches equilibrium. Thus, option 'B' is the correct answer to this question.
Production costs of organic foods are typically higher because of greater labor inputs per unit of output and because the huge diversity of companies means economies of scale cannot be achieved.
In the context of the given scenario where it is stated that one factor which is attributed to preventing organic foods from becoming papular is attributed to their price. For instance, because of the high price of organic milk consumers mostly prefer buying regular milk instead of purchasing organic milk. If the price of organic milk is kept high, ultimately the price of the organic milk will go down till the point it reaches equilibrium.
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Which of the following are examples of short run and long run decisions? Select one or more: O a. The profits of Dell has improved this quarter. Consumers' preferences for Dell laptops have changed over time. O b. Olive Garden has increased its plant size. Olive Garden has opened two new restaurants in Ames. O c. Starbucks' has hired more labor to meet the increasing demand. Starbucks' has opened another store to meet the increasing demand. O d. LG has adopted a new technology to create a new cell phone. The sale of LG phones has increased.
Answers
b. Olive Garden has increased its plant size. Olive Garden has opened two new restaurants in Ames.
In the short run, decisions typically focus on immediate adjustments and changes that can be made to the existing resources and capacities of a business. On the other hand, long-run decisions involve strategic planning and the allocation of resources over an extended period to achieve specific goals.
In the given options, the decision by Olive Garden to increase its plant size and open two new restaurants in Ames falls under the category of long-run decisions. This is because expanding the plant size and opening new restaurants require significant investment, planning, and coordination of resources over a considerable period. These decisions reflect a strategic move by Olive Garden to expand its operations, reach new customers, and capture a larger market share.
Expanding the plant size indicates a long-term commitment by Olive Garden to increase its production capacity, which aligns with the long-run decision-making perspective. Furthermore, opening new restaurants in Ames demonstrates the company's strategic expansion plans, as it aims to tap into a new market and extend its presence in the long term.
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Imagine that you are starting your own small business selling your photography services. You are planning to start small because you don’t have a lot of start-up funds; however, you know that it is important to have a website. You have decided to design and create your own website until you can afford a web designer. What elements will you include to ensure that your site is accessible and user-friendly? Explain and describe what essential elements you will focus on and include on your website and why.
Answers
The elements you should include to ensure your site is accessible and easy to use are:
PortfolioObjective languageContact informationVisual informationWhat elements should be focused on when creating a website?To sell a service, like the photographs exemplified in the question, it is essential that you first focus on creating a system with a simple programming that allows the target audience to easily find the information to contact you and your work portfolio.
Therefore, a website is essential for the business to build an online presence, where stakeholders can find all the information they need in an easy and objective way.
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Good domain name, website hosting, Portfolio, Objective language, contact information and Visual information are some of the essential elements.
What is start-up?A startup is a business that is just starting out. When one or more business owners wish to provide a good or service they think there is a market for, they launch startups.
One or two entrepreneurs who are driven to close a market gap with an innovative good or service commonly run startups. A startup business is more focused on quick and profitable growth within its target market than a small business that often prefers to remain small.
Thus, Good domain name, website hosting, Portfolio, Objective language.
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Which of the following is one of the seven steps organizations go through when considering a major training initiative?
A. Acquire resources
B. Hire employees
C. Review regulations
Answers
Answer:
A. Acquire resources
Explanation:
The following is one of the seven steps organizations go through when considering a major training initiative is to acquire resources. The correct option is a.
What are resources?Resources refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.
They can also be classified as actual and potential on the basis of the level of development and use, on the basis of origin they can be classified as biotic and abiotic, and on the basis of their distribution, as ubiquitous and localised. An item becomes a resource with time and developing technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well-being.
From a human perspective, a natural resource is anything obtained from the environment to satisfy human needs and wants.
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What are the total expenses for Forks Gym for the month of March?
$500
$3500
$2000
$1000
Answers
Answer:
7,000 is the answer
Explanation:
1. Economics is all about
a. making money.
b. making decisions.
c. government controlling resources.
d. None of the above.
Answers
problem 6-27 discounted cash flow analysis [lo1] the appropriate discount rate for the following cash flows is 8 percent compounded quarterly. year cash flow 1 $ 870 2 950 3 0 4 1,540 what is the present value of the cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The present value of the cash flow is $3,071.78. The inflow and outflow of cash within a business is known as cash flow.
To calculate the present value of the cash flows, we need to use the formula for discounted cash flow analysis:
PV = CF1/(1+r)^1 + CF2/(1+r)^2 + CF3/(1+r)^3 + CF4/(1+r)^4
Where PV is the present value, CF1 to CF4 is the cash flows in each year, r is the discount rate, and the exponents represent the number of periods from the present. Using the given information, we can plug in the values and calculate:
PV = 870/(1+0.08/4)^1 + 950/(1+0.08/4)^2 + 0/(1+0.08/4)^3 + 1540/(1+0.08/4)^4
PV = 870/1.02 + 950/1.0404 + 0 + 1540/1.1699
PV = 852.94 + 901.72 + 1317.12
PV = 3071.78
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Leadership effectiveness should be evaluated according to which of the following characteristics?
Does the leader keep the discussion focused on the issues?
Does the leader encourage critical thinking?
How well does the leader manage conflict in the group?
all of the above
Answers
Answer:all of the above
Explanation:
assets held for use that have a significant impairment of value should be
Answers
Assets held for use that have a significant impairment of value should be written down.
In financial accounting, an asset is any resource that a company or other economic organization owns or controls. Anything with the potential to generate positive economic value is eligible.
Assets represent ownership value that can be converted into cash. In the context of business, an asset is a valuable resource that you own or rent and that supports the operation of your enterprise. These resources can be material goods like computers and little amounts of money or intangible assets like goodwill, reputation, and brand recognition.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answers
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Ceteris paribus,if imports increase in any given year,
A)Exports will increase.
B)GDP will increase.
C)GDP will decrease.
D)NDP will increase.
Answers
Ceteris paribus, if imports increase in any given year, option C) GDP will decrease. This is because more products and services are being purchased from foreign nations as a result of rising imports, which in turn causes domestic production and consumption to decline. As a result, the GDP, which measures the entire value of goods and services generated in a nation, declines.
Ceteris paribus is a Latin word that means "with other things being the same" in most contexts. The assumption of Ceteris Paribus is particularly important in the investigation of cause and effect relationships between two distinct variables since it makes other significant factors influencing these constant.
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The current price of a stock is $22. In 1 year, the price will be either $29 or $14. The annual risk-free rate is 6%. Find the price of a call option on th stock that has a strike price of $23 and that expires in 1 year. (Hint: Use daily compounding.) Assume a 365 -day year. Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
A call option's price on a stock that has a $23 strike price and expires in 1 year when the current stock price is $22, and the annual risk-free rate is 6 percent can be calculated by using daily compounding. The solution is explained below.Solution:The annual risk-free rate is 6 percent, and the time to maturity is 1 year, with a 365-day year. The daily risk-free rate can be calculated using the following formula:Rdaily= (1+Rannual)^(1/365) - 1Rdaily= (1+0.06)^(1/365) - 1Rdaily = 0.00015323Using the above-calculated risk-free rate, the value of the call option can be calculated using the following formula:Call option price = (expected call option price)/ (1+Rdaily)^(time to maturity in days)Expected call option price can be calculated as follows:If the price of the stock rises, the call option price will be the stock price at maturity minus the strike price of the option. In this case, it will be $29 - $23 = $6. If the stock price falls, the call option will have no value because the investor will not buy stock for $23 when it is worth $14.Therefore, the expected call option price = 0.5($6) + 0.5($0) = $3The time to maturity is 365 days, so the option price can be calculated as follows:Call option price = $3/ (1+0.00015323)^(365)Call option price = $1.03Therefore, the price of the call option is $1.03 when the strike price is $23. The answer is in 100 words.
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I need to find the social security and Medicare. Please let me know how you got your answer as well!
Answers
Answer:
See below
Explanation:
Social security and medicare per period
1. Otto:
Pay per period = 76,432/ 12
=6,369.33
social security = 6.2% of 6,369.33
=6.2 /100 x 6,369.33
=394.898
=394.9
medicare = 1.45 % of 6,369.33
=1.45/100 x 6,369.33
=92.355
=92.36
2. G. Hernandez :
Pay per period= 43,902 / 26= 1,688.54
social security =6.2% of 1,688.54
=6.2/100 x 1,688.54
=104,689
=104.69
medicare=1.45 of 1,688.54
=1.45/100 x 1,688.54
=24.48
A.Toms:
Pay per period = 20,235 /12 =1,686.25
social security = 6.2 % of 1,686.25
=6.2/100 x 1,686.25
=104.55
Medicare = 1.45 % of 1,686.25
=1.45/100 x 1,686.25
=24.45
what does the fox say
Answers
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
If the licensee can’t pay or refuses to pay an aggrieved party after being found guilty of fraud in kentucky, who pays the aggrieved party?
Answers
In Kentucky, if a licensee is unable or unwilling to pay an aggrieved party after being convicted of fraud, the responsibility of compensating the aggrieved party falls on the licensee's own resources or assets.
If a licensee in Kentucky is found guilty of fraud and is unable or refuses to pay the aggrieved party, the burden of compensating the aggrieved party rests solely on the licensee.
The licensee is expected to fulfill their financial obligation by utilizing their own resources or assets. This means that the aggrieved party may need to pursue legal action or enforce any available legal remedies to collect the compensation owed to them. It is important to note that the exact course of action and enforcement of payment may vary depending on the specific circumstances and legal procedures involved in the case.
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Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes
Answers
Answer:
investigate search engine criteria to improve search resultsExplanation:
Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.
Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.
The answer is:
A) investigate search engine criteria to improve search resultsIvan has plenty of money to invest but so far has bought high-risk securities. Explain how Ivan could diversify and whether it is necessary.
Answers
Answer:
Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.
Explanation:
True or False: Developers do not meet with stakeholders
Answers
At stakeholder meetings, only the product owner is present; developers are not. is a FALSE assertion. n.
The developers have a structure in place that enables the stakeholders to understand the work that is expected of them and to promptly offer feedback on work that has been completed. Developers have access to stakeholders who can help them achieve higher quality by guiding them in recognising restrictions. The Product Owner is in charge of making sure that the Development Team's finished product upholds the highest standards of integrity. Stakeholders won't feel heard if the Developer keeps referring to the Product Owner to express new ideas. bureaucracy causes the development team to become less attentive to user requests.
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What do Structuralists say about IPR?
Answers
Structuralists view intellectual property rights (IPR) as a tool used by developed countries to maintain their dominance over the global economy.
They argue that IPR laws are designed to protect the interests of multinational corporations and stifle innovation and creativity in developing countries. Structuralists believe that IPR laws are part of a larger system of economic exploitation and call for reforms that prioritize the needs and interests of marginalized communities.
One perspective from structuralists on IPR is that they may view it as a social construct that is shaped by economic and political structures, and may argue that the existing IPR system can have both positive and negative effects on society
Structuralists may argue that IPR can incentivize innovation and creativity by granting exclusive rights to creators, which can lead to economic growth, technological advancements, and cultural development.
They may also highlight how IPR can facilitate technology transfer, encourage investment in research and development, and protect the rights of marginalized or disadvantaged communities.
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On a given Hong Kong-Singapore flight, there are 300 seats. Suppose the ticket price is $450 and the number of passengers who reserve a seat but do not show up for departure is normally distributed with mean 40 and standard deviation 14. You decide to overbook the flight and estimate that the cost of an involuntary boarding denial (if the number of passengers exceeds the number of seats) is $1350 (including full refund of purchase). (8) The optimal number of reservations that you should accept (rounded to the nearest integer) is (A) 328 Cha (B) 334 (C) 340 (D) 346 (E) 352 (9) Suppose you have decided to accept the above optimal number of reservations computed in (8). Then what is the probability that you won't need deal with bumped passengers? (*Note: The number of no shows is discrete).
(A) 33% (B) 43% (C) 57% (D) 69%
Answers
The optimal number of reservations to accept is 340. The correct option is C.
Given
Mean (μ) = 40
Standard Deviation (σ) = 14
seats (X) = 300
Required to find an optimal number of reservations =?
Using the z-score formula:
z = (X - μ) / σ
z = (300 - 40) / 14 = 19.286
The optimal number of reservations = Number of seats + expected number of no-shows
Optimal number of reservations = 300 + 40 = 340
Therefore, the optimal number of reservations to accept is 340. A standardized score is an example of a z-score. A z-score quantifies how far a data point deviates from the distribution mean.
Thus, the ideal selection is option C.
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A title search in the public records may be conducted by
Anyone
Which statement BEST explains why instruments affecting real estate are recorded?
Recording gives constructive notice to the world of the rights and interests claimed in the identified parcel of real estate
A purchaser went to the county building to check the recorder's records, which showed that the seller was the grantee in the last recorded deed and that no mortgage was on record against the property. The purchaser may assume which of the following?
The seller did not mortgage the property
The date and time a document was recorded help establish which of the following?
Priority
A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller sided and the heirs in another city, unaware that the property had been sold, conveyed title to a relative, who recorded the deed. Who owns the property?
The buyer
A property with encumbrances that will outlast the closing
Can be sold if a buyer agrees to take it subject to the encumbrances
Which of the following would NOT be acceptable of ownership?
Deed to the current owner signed by the last seller
Chain of title MOST accurately defined as
A history of all documents and legal proceedings affecting a specific parcel of land.
A seller delivered title to a buyer at closing. A title search had disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact or to expose the buyer to possible litigation. The sellers title did not appear to present a threat to the buyers quiet enjoyment, and the title insurance policy provided was sufficient to convince a reasonably well-informed person that the property could be resold. The title conveyed would commonly be referred to as a(n)
Marketable title
The person who prepares an abstract of title for a parcel of real estate
Searches the public records and then summarizes the events and proceedings that affect title
Homeowners are frantic because they want to sell their property and the deed is missing. Which of the following is TRUE?
They do not need the original deed if it has been recorded.
Mortgagee title policies protect which parties against loss?
Lenders
Which of the following are traditionally covered by a standard title insurance policy?
Improperly delivered deeds
A written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a(n)
Abstract
Which of the following is NOT covered by a standard title insurance policy?
Unrecorded rights of parties in possession
Documents referred to as title evidence include
Policies of title insurance
All of the following are true regarding public records EXCEPT
They guarantee marketable title
A sells a portion of property to B. B promptly records the deed in the appropriate county office. If A tries to sell the same portion of property to C, which of the following statements is TRUE?
C has been given constructive notice of the prior sale because B promptly recorded the deed.
The BEST reason for a buyer to obtain title insurance is
To ensure that the seller can deliver marketable title
A mortgagee received a title insurance policy in the property a buyer is pledging as security for the mortgage loan. Which of the following is TRUE?
The amount of coverage is commensurate with the loan amount.
Answers
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice.
What does constructive notice mean in real estate?A legal presumption that a party has notice when it is possible for it to learn certain facts through due diligence or research into the public records. Given the obligation to do proper research, a party who is deemed to have constructive notice cannot claim ignorance of a fact simply because that party lacked actual knowledge.
Constructive notice is the legal supposition that information was acquired by a person after exercising due effort. An individual's right or interest in the property is announced to the public via a document that is entered into the public record.
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice. Inclement weather is one of the simplest cases in which constructive notice might be employed.
Therefore, the statement is true.
To learn more about constructive notice refers to;
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