The properties of aggressive brain include systematic continuous exterior information.
Competitor Intelligence is focused on grasp the moves and selections of rivals in your industry. It is supposed to tune how your opponents are creating products, selling services, marketing, triumphing income deals, and the universal competitiveness of other agencies inside your enterprise or landscape.
What are the types of aggressive intelligence?Competitive brain can be classified as myopic-oriented, tactical intelligence, or long-term targeted strategic intelligence.
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https://brainly.com/question/15194051#SPJ4Business rules can inhibit process improvements when they are tied to __________ technology.
Business rules are the guidelines and principles that organizations establish to regulate and manage their operations. They provide a framework for decision-making and help organizations achieve their objectives.
Business rules are often linked to particular software or hardware systems that are used to implement them. For example, an organization may have a rule that all customer orders must be processed within 24 hours of receipt.
While this approach may work well in the short term, it can limit process improvements in the long run. When business rules are tied to specific technologies, it can be difficult to change them without also changing the underlying technology.
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From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
a manager in an industry with some market power can use information about which of the following to determine a profit-maximizing price? multiple choice question. demand elasticity unit elasticity supply elasticity
A manager in an industry with some market power can use information about the demand elasticity to determine a profit-maximizing price. This means that demand elasticity is the correct option from the given terms.
Market power is defined as the ability of an organization or company to affect the price or quality of the products they produce. When a company has market power, it has the power to influence the market by controlling the price of goods or services and the quality that customers get from them.
The elasticity of demand is used by firms to measure the impact of price changes on demand, which helps them in determining the right pricing strategy.
A product's demand elasticity is a measure of how sensitive its demand is to price changes. It can be calculated by dividing the percentage change in the quantity demanded by the percentage change in the product's price.
The general rule for a firm with market power is to charge a higher price when the demand is inelastic and a lower price when it is elastic.
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why is a higher interest rate important when saving money
(A) it pays interest on principal and interest
(B) it means a person will owe the bank less over time
(C) it grows savings at a faster pace
(D) it requires a lower amount be deposited each month
Answer:
C.
Explanation:
I believe it is C. because I'm pretty sure its talking about the interest which is where you receive some money from the bank for keeping you money there or whatnot.
The correct option is (C). it grows savings at a faster pace is a higher interest rate important when saving money.
A higher interest rate means that the saver will earn more interest on their savings, which will grow their savings at a faster pace.
Option (A) is incorrect because interest is only paid on principal, not on interest.
Option (B) is incorrect because a higher interest rate will not mean that a person will owe the bank less over time.
Option (D) is incorrect because a higher interest rate does not require a lower amount to be deposited each month.
Here is an example to illustrate this point. Let's say you have $1,000 in a savings account with an interest rate of 1%. After one year, you will have earned $10 in interest.
If the interest rate on your savings account were 2%, you would have earned $20 in interest after one year. Therefore, a higher interest rate will help your savings grow at a faster pace.
A higher interest rate will help your savings grow at a faster pace because you will earn more interest on your savings.
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in order to be successful and Organisation must change its goal according to the needs of the environment which characteristic of management is highlighted in the statement?
Answer:
Dynamic function
Explanation:
Dynamic function of management speaks to the ever changing business environment such as customers expectation, business regulation,competition, suppliers, creditors etc.
It is expected of business management to change goals inorder to align with the need of the environment. Changing goals means making adjustments to decisions based on the changing business environment for survival purposes.
For instance, if a particular product is banned in a country where it is sold, management of an organization producing such product must discontinue the product and look for another line of production so that they can remain relevant in business.
Write a sentence with a word Inflation:
A company offering tax refund anticipation loans is trying to draw new customers. The company guarantees that the annual percentage rate on its loans is 39%. What fees would the company charge on a $1,200 loan if the term of the loan is 18 days? (Round to the nearest dollar).
Answer:
$23
Explanation:
If the annual percentage rate is 39%, the rate on 18 days can be calculated as shown below.
(1 year) 365days = 39%
18 days = ?
let the unknown rate be represented by X
X = (18 x 39) ÷ 365
X = 1.92%
If the principal is $1,200, then the rate charged after 18 days is;
(1.92 ÷ 100) x $1,200
0.0192 x $1,200
= $23.07≈ $23 (to the nearest dollar)
Cheers.
The correct answer is option B) $23. I just did the exam and got it right!
The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False
Answer:
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Explanation:
Eeeeeereeeeereerreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee33eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee3eeeeeeeeeeeeeeeeeeeeeee3eeee
what minimum qualifications should an auditor and a finance manager posses?
Explanation:
bachelor's degree is preferred subjects like accounting, economics, finance or business administration is frequently the minimum education required for financial managers. However, many employers now search for candidates with a master's degree, preferably in business administration, economics or finance.
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Which one of the following terms applies to an option that has a factory building as its underlying asset?
A. financial option
B. building option
C. stock option
D. real option
The correct option is D. real option. A real option is a type of financial option that gives the holder the right, but not the obligation to make a strategic business decision related to an underlying asset. The underlying asset can be a physical asset (ex- factory building) or it can be a financial asset(ex- stock or bond).
Real options are different from financial options in that they are based on tangible assets and involve strategic business decisions, such as whether to expand a factory or enter a new market. Real options can be used to manage risk, create value, and increase flexibility in decision-making.
In the case of a factory building, a real option could allow the holder to choose whether to expand the factory or sell the building if market conditions change. This option would give the holder the flexibility to make strategic decisions based on changing market conditions, without being locked into a specific course of action.
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The visual enhancement of any drawing through color, value, and texture
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
another way to obtain information about the internal control system is to take a single example of a transaction and the process from its initiation to its recording in the accounting records.
A way to obtain information about the internal control system is to analyze a single example of a transaction and the process from its initiation to its recording in the accounting records.
By examining a specific transaction, we can assess the effectiveness of the internal control system in place. Let's consider the purchase of inventory as an example. The process typically involves several steps:
1.Initiation: The need for inventory arises, and a purchase requisition is prepared by the appropriate department or employee. This initiates the procurement process.
2.Authorization: The purchase requisition is reviewed and approved by authorized personnel, such as a department manager or a purchasing manager. This step ensures that the purchase is necessary and within budget.
3.Purchase Order: Upon approval, a purchase order is generated and sent to the supplier. It includes details such as the quantity, description, price, and terms of the purchase.
4.Receipt of Goods: When the inventory is delivered, the receiving department compares the received goods to the purchase order and packing slip. They verify the quantity, condition, and quality of the items.
5.Inspection and Acceptance: The receiving department inspects the goods to ensure they meet the expected standards. Any discrepancies or damages are reported.
6.Invoice Matching: The accounts payable department compares the supplier's invoice to the purchase order and receiving documents. They verify the accuracy of the invoice, including the price, quantity, and any applicable discounts or terms.
7.Recording: Once the invoice is verified, the accounts payable department records the transaction in the accounting system. This involves updating the inventory account and recognizing the related liability.
Analyzing this example transaction provides insights into the internal control system. We can assess if each step is adequately designed and followed. For instance, we can check if there are proper segregation of duties, appropriate authorization levels, and reconciliations between documents. Any weaknesses or deviations found during this examination can help identify areas for improvement in the internal control system to mitigate risks and ensure accurate financial reporting.
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Why is a brand important to a business?
A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions) on the vertical axis. Approximately 610 of Republican funding was total raised, 200 was P A C funding, and 350 was individual funding. Approximately 490 of Democratic funding was total raised, 165 was P A C funding, and 290 was individual funding.
Look at this graph, showing funding for campaigns for election to the House of Representatives, 2011–2012.
What is the most logical conclusion that can be drawn from this graph?
Both parties are dependent on raising huge sums of money to fund their House campaigns.
PAC spending is not a significant factor when it comes to raising money for House campaigns.
The Democrats will always raise more money for House campaigns from individuals than the Republicans will.
Campaign funding laws have reduced the amount of money needed to fund House campaigns.
Answer: Both parties are dependent on raising huge sums of money to fund their House campaigns.
Explanation:
Campaigning for office is no cheap endeavour as many politicians have seen and noted. Money needs to be spent on everything from renting venues to buying stationary and so the politicians turn to donors to help.
Regardless of party affiliation, this is the reality for political campaigns which is why both parties rely on huge sums of money to fund campaigns like for the U.S. House of Reps. This is confirmed by the graph described above that shows the hundreds of millions of dollars being used to campaign for the House.
Answer:
A
Explanation:
IN A DEPARTMENT STORE, SALESPEOPLE ARE REWARDED BASED ON THEIR SALES VOLUME. THE PROBLEM IS THAT THEY ARE GIVING SUBSTANTIAL DISCOUNTS AND PRESSURING CUSTOMERS TO MAKE UNNECESSARY PURCHASES What are the reasons for the negative consequences of these bonus schemes? Modify these schemes to solve the problems.
Answer:
This bonus scheme has two main problems:
consumer satisfaction will decrease because they are pressured to make unnecessary purchases and once they realize it they will not be happy with the store nor with their purchasing experience. This will damage the relationship between the store and its customers. since salespeople are offering substantial discounts in order to boost sales volume, then the profits of the company will decrease.In this situation both lose, the company and its customers.
In order to solve this issue, the store should award bonuses based on total revenue and gross profit margin, not volume. This way, the salespeople will try to sell their products at the normal price, which means that they will have to convince their customers through other strategies and not just low price. The sales technique will have to shift from low cost to differentiated product that can satisfy their customers' needs.
Based on the information given, the negative consequence of the bonus schemes is the reduction in profit.
It should be noted that a bonus scheme simply means an incentive scheme given to employees. It's used to boost the performance of the team.
It should be noted that the disadvantage of the bonus scheme is that it can lead to competition among the employees. Therefore, in this case, the bonus should not be based on volume of goods sold.
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For amanda’s annual performance appraisal, her supervisor solicited feedback from three of amanda’s coworkers, the manager of the customer-service department, several of amanda’s clients, and even a few employees in other departments with whom she worked recently. Amanda’s performance appraisal is an example of a forced ranking system.
It is FALSE that Amanda's performance appraisal is an example of a forced ranking system.
What is a forced ranking system?A forced ranking system is a controversial workforce management tool that identifies a company's best and worst-performing employees, using person-to-person comparisons.
In Amanda's annual performance appraisal, the supervisor only solicits feedback from coworkers from different departments to gain unbiased information about Amanda's performance.
Thus, it is FALSE that Amanda's performance appraisal is an example of a forced ranking system.
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in order to price-discriminate, a firm must be able to separate its customers who have different elasticities of demand. a firm can earn more revenue by charging higher prices to consumers with relatively inelastic demand, and lower prices to consumers with relatively elastic demand. consider the different customers listed below. which ones have relatively inelastic demand, and which ones have relatively elastic demand? items (4 items) (drag and drop into the appropriate area below) steve buys all his clothes at his favorite luxury department store. the jones family travels for a vacation. jerry buys multiple items (soda, popcorn, candy) from the concession stand at a movie theater. kallie buys clothes at an outlet mall. categories relatively elastic drag and drop here relatively inelastic drag and drop here
Thus, the customers with relatively inelastic demand are Steve and Jerry, while the customers with relatively elastic demand are the Jones family and Kallie.
In order to determine which customers have relatively inelastic demand and which ones have relatively elastic demand, we need to consider how responsive they are to changes in price. Customers with relatively inelastic demand are less responsive to changes in price, meaning that they will still buy the product even if the price increases. On the other hand, customers with relatively elastic demand are more responsive to changes in price, meaning that they will decrease their purchases if the price increases.
1. Steve buys all his clothes at his favorite luxury department store. Steve most likely has relatively inelastic demand because he is loyal to his favorite store and is willing to pay the high prices for luxury clothing.
2. The Jones family travels for a vacation. The Jones family most likely has relatively elastic demand because they have many options when it comes to choosing a vacation destination and can easily switch to a cheaper alternative if the price is too high.
3. Jerry buys multiple items (soda, popcorn, candy) from the concession stand at a movie theater. Jerry most likely has relatively inelastic demand because he is already at the theater and is willing to pay the high prices for the convenience of having snacks while watching the movie.
4. Kallie buys clothes at an outlet mall. Kallie most likely has relatively elastic demand because she is shopping at an outlet mall, which implies that she is looking for bargains and is willing to switch to a different store if the prices are too high.
Therefore, the customers with relatively inelastic demand are Steve and Jerry, while the customers with relatively elastic demand are the Jones family and Kallie.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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In a growing industry, the mean number of hours of productivity lost by employees per week due to online social media engagement is 10 hours, with a standard deviation of 1.9 hours. Note: Assume the population data is normally distributed. a. What is the probability that an employee will lose more than 12 hours of a. What is the probability that an employee will lose more than 12 hours of productivity due to online social media engagement? P(X>12)= Round to four decimal places if necessary Round to four decimal places if necessary b. What is the probability that 8 employees will lose more than 11 hours of prodüctivity due to online social media engagement? P(
X
>11)= Round to four decimal places if necessary
The mean number of hours of productivity lost by employees per week due to online social media engagement in a growing industry is 10 hours, with a standard deviation of 1.9 hours.
Let's solve the given problems:
a) What is the probability that an employee will lose more than 12 hours of productivity due to online social media engagement?
P(X > 12)The formula for calculating the Z-value is given by:
Z=(X- μ)/ σ
Where, X = 12 hours
μ = 10 hours
σ = 1.9 hours
Now, we substitute the given values in the formula and get,
Z=(X- μ)/ σ
Z=(12- 10)/ 1.9
Z= 1.05
Using the Z-table, we find the probability that an employee will lose more than 12 hours of productivity due to online social media engagement as
P(X > 12) = P(Z > 1.05)
= 0.1469
Therefore, the probability that an employee will lose more than 12 hours of productivity due to online social media engagement is 0.1469 (rounded to four decimal places).
b) What is the probability that 8 employees will lose more than 11 hours of productivity due to online social media engagement?
Here, n = 8
X = 11 hours
μ = 10 hours
σ = 1.9 hours
The formula for calculating the Z-value is given by:
Z=(X - μ)/ (σ/ √n)
Now, we substitute the given values in the formula and get,
Z = (X - μ) / (σ / √n)
Z = (11 - 10) / (1.9 / √8)
Z = 1.53
Using the Z-table, we find the probability that eight employees will lose more than 11 hours of productivity due to online social media engagement as
P(X > 11) = P(Z > 1.53)
= 0.0636
Therefore, the probability that eight employees will lose more than 11 hours of productivity due to online social media engagement is 0.0636 (rounded to four decimal places).
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In the long-run, a company that produces and sells popcorn incurs total costs of $1,150 when output is 70 canisters and $1,780 when output is 100 canisters. When this popcorn company increases production from 70 to 100 canisters, it exhibits
When this popcorn company increases production from 70 to 100 canisters, it exhibits : economies of scale because average total cost is rising as output decrease.
Economies of ScaleThe popcorn company will tend to exhibits economies of scales based on the fact if their is decrease of output the average total costs will increase or rise from :
ATC1 = 1150/70
ATC1= $16.43
TO
ATC2 = 1780/100
ATC2= $17.8 per unit
Therefore it exhibits economies of scale because average total cost is rising as output decrease.
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Consider the following network for conducting a two-week (10 working days) computer training class. (a) Find: ESs for all activities, LSs for all activities, Slacks for all activities, Critical path. (Hint: you may find it easiest to first draw an AON diagram, then label these quantitites on the diagram.) Given the following information, (b) find the crash cost per day. (c) Which activities should be crashed to meet a project deadline of 10 days with a minimum cost? Assume partial crashing. (d) Find the new cost. (e) Is partial crashing an appropriate assumption in this kind of project? Why or why not?
To find the ESs, LSs, Slacks, and Critical path, an AON (Activity-on-Node) diagram needs to be constructed and analyzed based on the given information.
An AON diagram is a graphical representation of activities and their dependencies in a project. By analyzing the diagram, we can determine the ES (Earliest Start), LS (Latest Start), and Slack (LS - ES), and identify the Critical Path (activities with zero slack).
b. Main answer:
To find the crash cost per day, additional information about the normal duration and crash duration of activities is required.
Crash cost per day is calculated by subtracting the normal cost from the crash cost and dividing it by the difference in normal duration and crash duration.
c. Main answer:
To determine which activities should be crashed to meet the 10-day deadline with minimum cost, we need information about the crash cost per day and the total slack of each activity.
Activities with the least crash cost per day and the most total slack should be prioritized for crashing as they provide the opportunity to reduce the project duration with minimum cost.
d. Main answer:
The new cost can be determined by adding the crash cost for each activity to the normal cost.
e. Main answer:
Partial crashing assumes that activities can be crashed to various degrees, allowing for a flexible approach to meeting project deadlines. It is appropriate for projects where duration and cost trade-offs can be made and where crashing does not lead to adverse consequences.
Partial crashing is appropriate when the cost of crashing activities is reasonable compared to the benefits gained from reducing the project duration.
However, it may not be suitable for projects with strict time constraints or activities that are highly interdependent, as crashing certain activities could have a significant impact on the overall project schedule and quality.
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How have newer work models made the workplace more efficient?
Explanation:
Don't be Afraid to Delegate. While this tip might seem the most obvious, it is often the most difficult to put into practice. ...Match Tasks to Skills. ...Communicate Effectively. ...Keep Goals Clear & Focused. ...Incentivize Employees. ...Cut Out the Excess. ...Train and Develop Employees. ...Embrace Telecommuting.Answer:
1)Assign a task to the person with the right skills. When a new assignment arises, managers tend to think: "Who on my staff has time to take this on?" This is not an effective way to make a decision.
2)Limit meetings: Let's face it: Unless it's a necessary client meeting or important brainstorm session, nine times out of 10,
3)Systematize processes to save people time. There may be old ways of doing things in your company that take up a lot of time. When you ask managers why you do things that way, they may say: "Well, that's just how we've always done it."
4)Provide quiet, uninterrupted spaces to work. This goes back to those colleagues disrupting your work to discuss personal issues. Most people work better in an environment without a lot of noise. Cubicle farms make it hard to accomplish meaningful work. The open physical layout of many offices today, as well as "open-door" policies establish an open invitation for co-workers to interrupt others.
5)Determine where people need to be located. Companies are beginning to realize that telework saves them money and greatly increases productivity. Employees working from home tend to accomplish more than their counterparts sitting in an office. This is mainly due to the lack of office distractions listed above and the extra time people can put into work since they can start and end their day during typical commute times. Also, business travel is not always a necessity, as it is both a high monetary and time cost to incur.
Explanation:
Hope it HELPS you .....
Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answer: Rumors
Explanation: i had this topic last year
Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation:
In 2017, costello company performs work for a customer and bills the customer $10,000; it also pays expenses of $3,000. The customer pays costello in 2018. If costello uses the accrual-basis of accounting, then costello will report:.
In 2017, Costello Company performs work for a customer, bills the customer $10,000, and pays expenses of $3,000. The customer pays Costello in 2018. If Costello uses the accrual basis of accounting, then Costello will report $10,000 in revenue in 2017 and $3,000 in expenses in 2017.
The accrual basis of accounting is the concept of recording revenue when earned and expenses when incurred, regardless of when payment is received or made. It is a technique of accounting for revenue and expenses in the financial statements in the accounting period when they occur, rather than when money is exchanged. As Costello Company uses the accrual-basis of accounting, it will report the following in 2017:$10,000 revenue (as it earned this amount in 2017) and $3,000 in expenses (as they incurred in 2017)Therefore, the net income in 2017 will be: Revenue - Expenses = $10,000 - $3,000 = $7,000Therefore, the amount that Costello will report in 2017 is $7,000 net income.
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At any given time, the group of people age 16 years and older who are willing and able to work is known as
the
A discouraged workers
B. unemployed
C. population
D labor force
Answer:
d. labor force
Explanation:
thanks to the lad in the comments
Answer:
labor force
Explanation:
Sasha buys a warm soda and a slice of cold pizza. The marginal utility from a soda is 40, and the price of the soda is $1. The marginal utility from a slice of pizza is 80. Since Sasha always chooses the utility-maximizing choice, we know the price of a slice of pizza must be:
A) $0.50.
B) $1.
C) $20.
D) $2.
short run refers to a period of time during which: group of answer choices all the factors are constant. all the factors are variable. the producer can shift from one plant size to another. some factors are fixed while some others are variable. the producer cannot change the level of output.
Short run refers to a period of time during which some factors are fixed while some others are variable. Hence, the correct option is D: some factors are fixed while some others are variable.
What is the Short Run?Short run refers to a period of time during which at least one factor of production is fixed, while others are variable. A producer cannot change the fixed factor to adapt to new circumstances in the short run, but can modify the variable factors. In other words, in the short run, the fixed factor is considered to be constant.
This could be the capital, plant size, equipment, or any other factor of production that is considered fixed or inflexible. The variable factors in the short run include labor, raw materials, and other inputs.
What are the characteristics of the short run?The short run has some characteristics that are unique to it.
Here are a few of them:
In the short run, some factors of production are considered fixed and constant.The fixed factor is considered immobile in the short run, making it impossible to modify it to adapt to new circumstances.The variable factors of production can be changed in the short run to respond to new circumstances.The short run is a period of time when firms cannot adjust to the new market situations.The short run is a temporary period during which businesses can adjust to new market conditions in the long run, unlike in the short run.To know more about Short run, click on the link below:
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Based on your current situation, or a fictional situation of gross and net income, expenses, and state of residence, make an argument for leasing or purchasing either a home or a car. Choose ONE below:
Leasing or purchasing a home: Which is a better choice and why? Support your choice with a mathematical explanation. Provide purchase price, interest rate, and cost differences between leasing and buying. At what point in time is it better to purchase over lease, or lease over purchase? Explain.
OR
Leasing or purchasing a car: Which is a better choice and why? Support your choice with a mathematical explanation. Provide purchase price, interest rate, and cost differences between leasing and buying. At what point in time is it better to purchase over lease, or lease over purchase? Explain
Provide purchase price, interest rate, and cost differences between leasing and buying. At what point in time is it better to purchase over lease, or lease over purchase? Explain
Leasing a car is a better choice for lower monthly payments and the ability to drive a newer vehicle, while purchasing offers long-term ownership and potential equity buildup.
The decision depends on individual preferences and financial goals.
Leasing or purchasing a car: Which is a better choice and why?
1. Leasing:
- Lower monthly payments compared to purchasing.
- Ability to drive a newer vehicle with the latest features.
- Limited ownership responsibilities as the vehicle is returned at the end of the lease term.
- No long-term commitment, providing flexibility to switch to a different vehicle after the lease term.
2. Purchasing:
- Long-term ownership with the potential for equity buildup.
- Freedom to customize or modify the vehicle.
- No mileage restrictions or penalties.
- Avoiding the continuous cost of leasing fees over time.
The decision between leasing and purchasing depends on individual preferences, financial situation, and anticipated usage of the vehicle.
Lease may be preferable for those seeking lower monthly payments and the flexibility to drive newer models, while purchase may be more suitable for those desiring long-term ownership and potential value appreciation.
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