when there few close substitutes available for a good, demand tends to be
Answers
When there are few close substitutes available for a good, demand tends to be inelastic.
Inelastic demand means that the quantity demanded of the good does not change significantly in response to changes in price. When there are few substitutes, consumers have fewer options and are therefore less likely to switch to a different good if the price of the original good increases.
As a result, the demand for the original good remains relatively stable, even when the price changes. This type of demand is advantageous mainly because it offers stability in the market, since it is not very sensitive.
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Related Questions
5. Describe how Chris used networking to his advantage in getting an internship
Witter and signing new clients.
Answers
Answer:
is there more information for this question?
How do computers convert physical signals into digital data?
Answers
This is done by connecting a device called a modem to the digital computer. This process of converting a digital signal to an analog signal is known as modulation. On the receiving end, the incoming analog signal is converted back to digital form in a process known as demodulation.
computers convert physical signals into data by connecting a device called a modem to the computer.
Plzzz help me with this one
Answers
Answer:
what the question.....
What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answers
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
What are some examples of indirect financial distress costs?
a) legal expenses
b) lost dividends
c) lost reputation
d) lost sales
Answers
Legal expenses are some examples of indirect financial distress costs.
Legal Protection Insurance (LPI), also known as Legal Protection Insurance (LEI) or simply Legal Protection, promotes access to law and justice by providing legal advice and paying legal costs for legal disputes. A special class of insurance that Any action by or against the policyholder will be filed. Depending on national regulations, legal protection insurance companies can also represent policyholders out of court or in court.
Statutory insurance with a history of 100 years. The concept originated in 1911 when members of the "Western Automobile Club" were offered various additional benefits. This includes fines and protection in the event of a dispute in police court. This basic legal protection was extended to traffic accidents, leading to France's first legal protection insurance offered by "La Défense Automobile et Sportive" (DAS), founded in 1917. "La Défense Automobile et Sportive (DAS)" provided motorists and athletes with legal advice and reimbursement of legal costs.
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Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answers
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are some common skills needed by Lawyers? Select four options.
installation
active listening
speaking
critical thinking
reading comprehension
equipment maintenance
Answers
The common skills needed by lawyers are active listening, speaking, critical thinking and reading comprehension.
The skills can be noted as -
Active Listening - To completely comprehend their viewpoints and obtain all pertinent facts, attorneys need to listen intently to their clients, witnesses, and other parties involved in a case.Speaking - Lawyers need to be able to communicate clearly both orally and in writing with their clients, juries, judges, and other lawyers.Critical Thinking - Lawyers must be able to evaluate intricate legal issues and create plans for resolving conflicts and attaining their clients' objectives.Reading comprehension - Complex legal papers, court rulings, and other important items must be read and understood by lawyers.Read more about lawyers on:
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Which business entity is not recognized as a specific tax entity by the u.s. tax system?
Answers
Limited Liability Company (LLC) is not recognized as a specific tax entity by the U.S. tax system.
In the United States, a Limited Liability Company (LLC) is not recognized as a specific tax entity by the tax system. By default, a single-member LLC is treated as a "disregarded entity" for tax purposes, meaning it is taxed similarly to a sole proprietorship. The profits and losses of the LLC flow through to the owner's personal tax return.
On the other hand, multi-member LLCs are generally treated as partnerships for tax purposes. The IRS taxes the LLC's income and expenses at the individual member level. However, an LLC can choose to be taxed as a corporation by filing the necessary forms with the IRS.
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During the year, Squid Roe Inc.'s revenues were $200,000 and its net income was $60,000. It had not preferred shares, and its stockholders' equity and total assets were $380,000 and $780,000 at the beginning of the year and $420,000 and $900,000 at year-end, respectively. ROE (rounded to the nearest tenth of a percent) equals ______. Multiple choice question. 14.3% 50.0% 6.7% 15.0% 7.1%
Answers
Based on the information given the return on equity (ROE) is 15.0%.
Using this formula
Return on equity (ROE)=Net income/ Average Stockholders' equity
Let plug in the formula
Return on equity (ROE)=$60,000/[($380,000+$420,000)/2]
Return on equity (ROE)=$60,000/($800,000/2)
Return on equity (ROE)=$60,0000/$400,000
Return on equity (ROE)=0.15×100
Return on equity (ROE)=15%
Inconclusion the return on equity (ROE) is 15.0%.
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Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?
Answers
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to seek retribution?
Report the incident to the Federal Trade Commission.
File a complaint with the Federal Bureau of Investigation.
Post bad reviews on social media.
Email the company directly.
Answers
Answer: Report the incident to the Federal Trade Commission.
Explanation:
The action should he take to seek retribution is to report the incident to the Federal Trade Commission. Thus, option (a) is correct.
What is Scam?
The word “scam” describes a fraud scheme or method used to defraud someone, particularly when it comes to money.
The FTC publishes numerous publications that look at developments in antitrust and consumer protection. Joseph can report fraud, swindles, and unethical business practices on the website of the federal government.
As a result, option (a) is correct.
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what are the names of some forms of e-commerce that involve the consumer providing a product or service? more than one answer may be correct.
Answers
Consumer-to-business is a form of e-commerce that involve the consumer providing a product or service.
A consumer is a person who purchases goods and service for personal use. Consumers play a vital role in the economic system of a country as they are the ones who drive demand and consumption.
Without consumers, businesses would not be able to sell their products and services and the economy would grind to a halt. Consumers have a lot of power in the marketplace as they can choose what to buy and where to spend their money. This power gives them the ability to influence businesses and the overall economy.
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Check which of the following reasons might make you think it's time to look at buying rather than renting.
Answers
Answer:
Explanation:
There are several factors to consider when deciding whether to buy or rent a property. Some factors that may make it advantageous to look at buying rather than renting include:
1) Financial stability: If you have a stable income and can afford the upfront costs of purchasing a home (such as a down payment and closing costs), buying a property may be a better long-term investment than renting.
2) Long-term plans: If you plan to live in the same area for a long time, buying a home can provide more stability and security than renting.
3) Building equity: When you buy a home, you build equity over time, which can be used as a financial resource in the future. In contrast, renting does not provide the opportunity to build equity.
4) Rental market conditions: If rental prices in your area are high, it may be more cost-effective to buy a home instead of renting.
5) Tax benefits: Homeowners may be eligible for tax benefits, such as deducting mortgage interest and property taxes from their taxable income.
However, there are also potential drawbacks to buying a home, such as the responsibility for maintenance and repairs, the possibility of losing value in a declining housing market, and the upfront costs of purchasing a home. Therefore, it's important to carefully consider your personal circumstances and financial situation before deciding whether to buy or rent a property.
true or false: communication helps to identify individual customers and, therefore, allows marketers to try and increase those customers' share of purchases.
Answers
Answer: True.
Explanation: Communication allows marketers to identify individual customers and their specific needs and preferences, which in turn enables them to target these customers with relevant and personalized marketing messages and strategies.
By analyzing customer data, marketers can tailor their communication and marketing efforts to increase the share of purchases from those customers. This can be achieved by offering personalized promotions, discounts, or rewards that are relevant to the customer's preferences and shopping behavior.
This technique can help to increase the customers' purchases by encouraging them to buy more or to buy more frequently. Effective communication can also help to build customer loyalty and trust, which can lead to long-term engagement as well as relationships and increased customer lifetime value.
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Why did President Trump feel that more aggressive trade policies with China were necessary?
Answers
Answer:
President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.
The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.
But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.
“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”
Explanation:
Hope it helps
Which of the following is not a reason that the subject line should never be
left blank?
• A. The receiver may be
confused and decide to delay opening it.
•
B. The receiver may think the message iS spam.
C. The email will not be transmitted without that information.
D. The receiver may not consider the message important.
Answers
Answer: C. The email will not be transmitted without that information is not a reason that the subject line should never be left blank. The email can be transmitted without a subject line, it just may be less likely to be opened or considered important by the receiver.
Explanation:
Answer:
C. The email will not be transmitted without that information.
A subject line is important in an email because it gives the receiver an idea of what the email is about and whether or not it is important or relevant to them. Leaving the subject line blank can cause confusion, delay the receiver opening the email or even mark it as spam, and make the receiver not consider the message important. But an email will be transmitted without a subject line, it's just that the receiver may not understand the content of the email.
xavier co. wants to purchase a machine for $37,600 with a four year life and a $1,000 salvage value. xavier requires an 8% return on investment. the expected year-end net cash flows are $12,600 in each of the four years. what is the machine's net present value?
Answers
The machine's net present value (NPV) is $1,852.11.
To calculate the net present value (NPV) of the machine, we need to determine the present value of the expected net cash flows and subtract the initial cost. The NPV formula is:
NPV = PV of Cash Flows - Initial Cost
The expected net cash flows are $12,600 per year for four years. Using an 8% required return on investment, we can calculate the present value factor for each year and multiply it by the respective cash flow. Adding up the present values of all four years' cash flows gives us the present value of the cash flows.
Next, we subtract the initial cost of the machine ($37,600) from the present value of the cash flows to obtain the net present value.
Performing the calculations, the machine's net present value is found to be $1,852.11.
A positive net present value indicates that the machine's expected cash flows, discounted at the required rate of return, exceed the initial investment cost. Therefore, based on the given information, the machine would be considered a favorable investment as it generates a positive net present value.
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On August 1, ABC Company sold its investment in Teal Company for $12,400. On the previous balance sheet, the investment had a fair value of $11,400. The journal entry to record the sale will include a
Answers
Answer:
The journal entry to record the sale will include a,
Cash $12,400 (debit)
Profit and Loss $1,000 (credit)
Investment in Teal Company $11,400 (credit)
Explanation:
The Investment is carried in the the Financial statement at its Fair Value of $11,400, and this needs to be eliminated following the sale.
Recognize the cash proceeds following the sale of investment of $12,400.
Lastly any amount paid in excess of the Fair Value of the Investment must be recognized as profit or as loss (if fair value exceeds the cash proceeds)
Given a need to raise capital of $2 million and attorney costs of $150,000, with an underwriter's spread of 3%, the amount of bond issuance should be:
Answers
Answer:
The amount of bond issuance is $2,085,500
Explanation:
The computation of the amount of bond issuance is shown below:
= Raise capital + attorney cost - underwriter spread
= $2,000,000 + $150,000 - 3% of $2,150,000
= $2,150,000 - 3% of $2,150,000
= $2,150,000 - $64,500
= $2,085,500
Hence, the amount of bond issuance is $2,085,500
We simply applied the above formula so that the correct value could come
True or false: An EAP only contains information on what happens during an emergency.
Answers
Hotel guests are the internal customers.
False
or
True
Answers
Answer:
yes it's true is the correct answer
Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answers
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
in the crm process cycle, is the process of analyzing the customer information acquired through various customer touchpoints.
Answers
In the CRM process cycle, knowledge discovery is the process of analyzing the customer information acquired through various customer touchpoints.
What is CRM?CRM is an abbreviation for customer relationship management and it can be defined as a process which typically involves combining strategies, techniques, practices, and technologies, so as to effectively and efficiently manage an organization's customer information (data), in order to improve and enhance customer satisfaction.
Additionally, good customer relationship management (CRM) helps the employees working in an organization to ensure their customer are well satisfied and happy with their service at all times.
Knowledge discovery is one of the phases of customer relationship management (CRM) process cycle and it typically involves an analyzing of customer information that are acquired through various customer touchpoints.
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why all choices are economic choices?
Answers
Answer:
All choices are economic choices because with every choice we make, we are (sometimes subconsciously) analyzing the costs and benefits of our options. Our choices are guided by self-interest and every choice we make involves some kind of cost, whether it be time or money or something else.
Which symbol should you use for entering a formula in a cell?
A. +
B. =
C. $
D. ÷
E. #
Answers
Answer:
b) =
Explanation:
The equal sign ( = ) is the symbol that should be used for entering a formula in a cell. Hence, option (b) is the answer.
100.0% complete Question Margaret earned $4,000 during January of this year. She was unemployed for February and March, and during April she earned an additional $3,000. She did not work again until December, at which time she earned $1,200. How many quarters of coverage has Margaret earned for Social Security during this year
Answers
Margaret has earned 3 quarters of coverage for Social Security during this year.
To earn a quarter of coverage for Social Security, an individual needs to earn a certain amount of income during a specific time period. In 2023, the amount required to earn one quarter of coverage is $1,470. Margaret earned $4,000 in January, which exceeds the threshold for one quarter of coverage. However, she was unemployed in February and March, so she did not earn any quarters of coverage during that time.
In April, she earned an additional $3,000, surpassing the threshold for two quarters of coverage. She did not work again until December when she earned $1,200, which is below the threshold. Therefore, Margaret has earned a total of three quarters of coverage for Social Security during this year.
Margaret has accumulated three quarters of coverage for Social Security based on her earnings throughout the year. These quarters of coverage contribute to her eligibility for Social Security benefits.
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Differentiate wealth-creating venture from income-generating venture.
Answers
Answer:
Explanation:
A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.
An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.
For bramble corp. at a sales level of 4000 units, sales is $71000, variable expenses total $58000, and fixed expenses are $21000. what is the contribution margin per unit?
a. $3.25
b. $5.25
c. $17.75
d. $14.50
Answers
For bramble corp. at an income degree of 4000 gadgets, income is $71000, variable costs total $58000, and fixed prices are $21000. the contribution margin per unit is b. $5.25
Contribution margin according to unit= Contribution÷sales gadgets
= ($seventy five,000-$50,000)÷4,000
= $5.25 in line with unit
Brambles is a deliver-chain logistics business enterprise working in extra than. 60 international locations, normally thru the. CHEP emblem.
Brambles constrained is a regionally owned publicly indexed agency that derives its sales from the availability of deliver-chain logistics services. The organization employs about 12,000 human beings throughout its worldwide operations, serving customers in more than 60 nations.
Brambles' structures shape the invisible spine of worldwide delivery chains, normally serving the quick-shifting patron items, sparkling produce, beverage, retail, and well-known production industries. the arena's biggest brands trust Brambles to help them deliver lifestyle essentials greater effectively, effectively, and sustainably.
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Tell me all the important stuff i need to know about scarcity in terms of Economics?
Answers
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible
Explanation:
Hope this helps! Have a good day!
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
Explanation:
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 _________________.
Answers
Answer: Rumors
Explanation: i had this topic last year