________ uses buyers' perceptions of what a product is worth as the key to pricing.
Which type of bankruptcy requires the liquidation of most of the debtor's assets?
An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon is accompanied by a 2.5 percent decrease in sales
The question is related to the economic concepts of supply and demand, specifically price elasticity, demonstrated using the change in sales of orange juice following a price increase. In an inverse relationship, as price increases, the quantity demanded decreases. This principle also applies to the data provided.
Explanation:The student's question pertains to the basic principles of supply and demand and price elasticity in Economics. The data presented shows the relation between the price of orange juice and the amount sold, demonstrating a key economic concept that as the price rises, the quantity demanded usually falls. This decrease in quantity demanded due to a rise in price is expressed as a percentage, which signifies the rate of decrease in demand. These changes represent the elasticity of the demand curve.
For instance, if the price of orange juice increased from $2.39/half gallon to $2.45/half gallon resulting in a 2.5% decrease in sales, the quantity demanded has decreased. The same principle is illustrated in the given dataset where as the price per gallon decreased from $2.20 to $1.00, the quantity demanded (in millions of gallons) increased from 720 to 500. Thus the relationship between price and demand is inverse.
Understanding the relationship between the price of a product and its sales volume is crucial for businesses as it helps in determining optimal pricing strategies to maximize profits.
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The change in orange juice price and sales highlights price elasticity of demand, calculated as -0.996, indicating unit elastic demand. A similar real-world example from The Wall Street Journal shows how a price drop can increase sales. Both instances illustrate the concept of price elasticity in economics.
An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon accompanied by a 2.5 percent decrease in sales illustrates the concept of price elasticity of demand.
To calculate the price elasticity of demand, we use the formula:
Price Elasticity of Demand (PED)
= (Percentage Change in Quantity Demanded) / (Percentage Change in Price)
First, let's find the percentage change in price:
Percentage Change in Price
= ((New Price - Old Price) / Old Price) * 100
Percentage Change in Price
= (($2.45 - $2.39) / $2.39) * 100 = 2.51%
Given that the percentage change in quantity demanded is -2.5%, the price elasticity of demand is:
PED = -2.5% / 2.51% = -0.996
This value is close to -1, indicating that the demand for orange juice is unit elastic, where the percentage change in quantity demanded is approximately equal to the percentage change in price.
The doritos' customer-created super bowl commercials are an example of _________.
Answer:advertisement for Doritos
Explanation:
The direct exchange of goods and services for other goods and services is known as
Final answer:
Bartering is the direct exchange of goods and services without money, which was used in ancient economies and required a double coincidence of wants. Today's economies mainly use money to facilitate trade, including international trade.
Explanation:
The direct exchange of goods and services for other goods and services without the utility of money is known as bartering. This ancient form of trade was necessary before the invention of money and relied on a double coincidence of wants, meaning both parties had to have what the other wanted at the same time. In modern capitalist societies, the inefficiencies of bartering are mitigated by the creation and use of money, which has taken many forms, including cowry shells, precious metals, and today's currency. Contemporary economies, though they still recognize bartering in small degrees, primarily rely on monetary transactions for domestic and international trade.
An athlete's performance is more likely to improve when he's given a new uniform to wear than when he's given compliments for his performance by the coach.
A new uniform can instill a greater sense of professionalism and pride in an athlete, potentially enhancing their performance, while compliments from a coach can boost morale and motivation. Both external factors such as uniform and internal factors like positive feedback have been demonstrated through substantial research to influence an athlete's performance.
Explanation:The topic of whether an athlete's performance is more likely to improve when given a new uniform rather than through compliments for his performance by the coach involves variables that are largely psychological. It can be argued that both factors can potentially influence an athlete's performance, but in different ways.
For instance, a new uniform may enhance an athlete's self-confidence and personal pride, which can in turn improve their athletic performance. This is similar to the concept of 'enclothed cognition', where the clothes a person wears can influence their psychological processes. Outfitting athletes in new, high-quality uniforms could potentially make them feel more professional, thereby improving their performance.
On the other hand, positive feedback from a coach in the form of compliments can equally contribute to an athlete's improved performance because it can boost their morale and further motivate them to put in their best effort.
Substantial research in sports psychology suggests that a combination of external factors like a new uniform and internal factors like positive encouragement can significantly influence an athlete's performance.
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6. The source document should be written in the
A. Date column. C. Doc. No. column.
B. Account Title column. D. Post. Ref. column.
Use the following information to answer questions 7–10.
The following activity for J. C. Breneman Management Services took place on June 1, 20—. Record these transactions on the journal form provided on the next page.
Received $3,290 in cash from the owner as an investment (receipt no. 1). Borrowed $900 cash from Inland Bank for business expenses (memo 1). Paid cash for supplies, $290 (check no. 1).
Paid cash for insurance, $1,000 (check no. 2).
Paid cash for equipment, $2,100 (memo 2).
The Books of Accounting
Journal
Page J1
DATE
ACCOUNT TITLE
Doc. No.
P.R.
DEBIT
CREDIT
7. The correct entry in the date column is for all the transactions is
A. June 1. C. Jan. 31.
B. Dec. 31. D. Dec. 1.
8. The entries for the debit account titles in the “Account Title” column are written
A. about one-half inch away from the left side. B. in pencil so they may be changed later.
C. at the far left side.
D. about one inch away from the left side.
9. The amounts that increase the Cash account are entered in
A. the Debit column.
B. the Credit column.
C. both Debit and Credit columns. D. either Debits or Credit columns.
The Books of Accounting
10. The totals of the entries in the Debit and Credit columns are
A. 12,345.00 in the Debit and 8,220.00 in the Credit columns. B. 7,580.00 in both the Debit and Credit columns.
C. 8,220.00 in the Debit and 6,290.00 in the Credit columns. D. 6,290 in both the Debit and Credit columns.
Answer:
Explanation:
Question # 6
Answer: C
Doc. No. Column is used to refer to the source document. For example, a document number R1 can be used to indicates that the data is from Receipt No. 1.
Question # 7
Answer: A
As all the transactions were made on June 1, 20.
Question # 8
Answer: C
The debit entries are written on the left side (where the column starts). For visibility, the credit entries are indented more to the right to differentiate them easily.
Question # 9
Answer: A
A debit entry increases an asset or expense account, or decreases a liability or equity account. A credit entry is the opposite of the debit entry. As the amount in cash account increases our assets increases, so we write it in debit column.
Question # 10
Answer: B
Debit entries must equal credit entries for each row of a general journal. Hence, sum (7580) of total entries should be written in both columns.
The list of individuals qualified to serve on a jury is referred to as the
Your company has total wages of $321,000. Your revenue is $976,000. You have just read an industry journal that suggests that wages should be approximately 25% of revenue in your industry. According to the journal article, are your wages too high or low?
The wages are too high.
Explanation:To determine if the wages are too high or low, we need to compare the actual wages to the suggested wage percentage. The suggested wage percentage is 25% of revenue. To find 25% of the revenue, we multiply the revenue by 0.25: 25% of $976,000 = $244,000
Now we can compare the suggested wage amount to the actual total wages. If the actual total wages are higher than $244,000, then the wages are too high. If the actual total wages are lower than $244,000, then the wages are too low.
In this case, the actual total wages are $321,000, which is higher than $244,000. Therefore, the wages are too high.
Nada designs a study in which she has two control and two experimental groups. in the design, one control group and one experimental group receive a pretest each, while the other control group and experimental group do not. nada's design is an example of a _____ design.
Della, the new ceo of sky advertising, has been with the firm for over 25 years. she was picked by the board to turn the 85-year-old agency around, because it had lost its edge in the internet age. to infuse new life and energy into the agency, della wants to bring back some old ideas that previously worked at sky. she plans on having managers and veteran employees instruct each other about the organization's values, beliefs, and expectations; telling stories about some of the company legendary ad campaigns; coming up with a slogan that summarizes sky's abilities in a simple and memorable phrase; and having quarterly ceremonies where creativity and innovation are rewarded. the things that della wants to do are all examples of
A valid contract does not exist if the contract is a promise of/to:
"if gary is a binge drinker, it means that he can have at least ________ drinks in a row."
The global economy can have specialized production because of what?
The goal of the experimental research strategy is to establish the existence of
The main objective of doing an Experimental research strategy is to create an existence of a cause and effect association between two variables, which may interact with each other. It is also probable for two variables to be linked to each other, but the relationship is simply totally unplanned.
What is the main reason for a conglomerate to want diversification?
The process of choosing among different strategies and altering them to best fit the organization is called
How could Jesus be able to continue His miracle ministry after He ascended into heaven to sit down at the right hand of God the Father?
Jesus is able to continue his miracle ministry after He ascended into heaven as it is often considered as the holy being that his residence is in the people.
What is a miracle?A miracle can be defined as a unique occurrence that demonstrates divine inspiration in worldly beings.
These are typically considered as a thing that was impossible to happen but happened in the time and are often considered a miracle. This is frequently treated as a blessing that god has given to the beings.
One can discover heavenly realities through miracles, which include the repercussions of sin or its remedy, the importance of trust, a scourge of defilement, as well as the rule of compassion.
Jesus is able to make a miracle as he is residing with the god of father and sees everyone and helps the one or those who are in need.
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A fundamentally functional organization creates a special project team to handle a critical project. this team has many of the characteristics of a project team in a project organization and has a project manager dedicated to the project. such an organization would be called:
Such an organization would be called the syndicate.
Such an organization would be called a syndicate. As A fundamentally functional organization creates a special project team to handle a critical project.
What is functional organization?According to specific functions, the entire organization is divided into smaller groups or departments in a functional organizational structure. Therefore, a finance department, an IT department, a marketing department, etc. would all be present in such a setup.
A typical sort of business structure is a functional organizational structure, which divides a corporation into various departments according to areas of competence and groups personnel according to specialization, skill, or related functions.
Departments that specialize concentrate on a single field of work. Specialization among employees increases productivity since skilled workers produce more.
Thus, it is syndicated.
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Which of the following are aspects covered by HR management?
Recruitment of potential employees
Investing funds
Compensation and benefits
Employee and labor relations
Recruiting of potential employees, Pay and benefits, and Employer and Labor Relations are all managed by HR management.
What is HR management?In order to efficiently manage people in a company or organisation and give it a competitive advantage, it is known as human resource management (HRM or HR). In support of a company's strategic goals, it is made to maximise staff performance.
In order to effectively manage people inside firms, human resource management focuses on policies and systems.The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas.
The balance of organisational practises with obligations resulting from collective bargaining and governmental laws is another area of interest for HR, as is organisational change and labour relations.
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HR management encompasses recruitment, compensation and benefits, and employee and labor relations, among other functions. It involves attracting candidates, managing pay and benefits, and maintaining employer-employee relationships.
Explanation:Aspects covered by Human Resources (HR) management include various functions essential to the management of an organization's human capital. Recruitment of potential employees is the process of attracting, examining, and selecting qualified candidates. This includes posting job openings, reviewing resumes, conducting interviews, and hiring new staff. Compensation and benefits refers to the design and management of payment structures and benefits packages offered to employees, which can include salaries, health insurance, retirement plans, and other perks. Lastly, Employee and labor relations involves maintaining healthy relationships between the employer and the workforce, which encompasses negotiating collective bargaining agreements, addressing grievances, and ensuring compliance with labor laws. Not listed but equally important in HR management are areas like training and development, performance assessment, and adherence to Equal Opportunity Programs.
Discuss the different ways in which a firm can deal with temporary employee surpluses.
The intent of federal price regulation is to discourage excessive competition. select one:
a. True
b. False
How can you make yourself "visible" when telecommuting?
Knowledgeable entrepreneurs are attracted to unfamiliar industries where they can raise capital based on their skills.
Natalia is a new employee in the sales department. her early results are so tremendous that the regional sales manager sent an email to the sales department praising natalia's work. to natalia, this could be a(n) ________ motivator.
In Natalia's case, the regional sales manager's praise is a positive reinforcement motivator, encouraging her to continue her excellent work performance. This type of motivation encourages the repetition of positive behavior.
Explanation:In the context of a work environment, the praise received by Natalia from the regional sales manager would likely serve as a positive reinforcement motivator. This type of motivator is based on the premise that rewarding a behavior increases the likelihood of that behavior being repeated. In this case, the exemplary performance of Natalia yielded a positive response from her superior that she perceived as rewarding. This reinforces her good performance behavior and is likely to stimulate her to maintain or even improve her performance in the future. Positive reinforcements are powerful tools in both personal and professional environments as they foster motivation and hence boost productivity and morale.
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Which organization requires a 90 day supply of oil (links to an external site.)links to an external site. (known as the strategic petroleum reserve or spr) be maintained for membership? (the acronym — three letter answer expected, all caps)?
Do you think scientific management made business more successful
When the hawk is the third order consumer the number of second order consumers is?
An ecosystem
is where there are various species and their interactions to the physical
environment in which they live as well as to each other makes the ecosystem. In
an ecosystem there are three orders of consumers which are:
First order consumer (They depend on the food producers i.e.
those who produce their own food like plants etc. first order can be understood
by the examples of mouse, caterpillar etc.).
Second order consumer (These depend and eat the first order
consumer. The example for second order is snake etc.)
Third order consumer (Those dependent on second order like
hawk etc.)
Final answer:
A hawk is a tertiary consumer and feeds on secondary consumers, which are the third trophic level in an ecosystem. The number of second order consumers depends on the ecosystem's structure and population sizes.
Explanation:
The question regarding the role of a hawk as a third order consumer relates to the concept of trophic levels within an ecosystem. In the given context, a hawk is classified as a tertiary consumer, which occupies the 4th trophic level in a food web. Below the tertiary consumers are secondary consumers, which represent the 3rd trophic level. Secondary consumers are organisms that predates on primary consumers. For example, if a hawk (tertiary consumer) preys on small birds or rodents, these small birds or rodents (secondary consumers) would predate on insects or other smaller animals (primary consumers), who in turn consume plants (producers) at the base of the food web.
In essence, the number of second order consumers in a food web depends on the specific ecosystem and its structure, as well as the population size of various organisms within it. Thus, when a hawk is considered a third order consumer, it feeds on secondary consumers, which are integral for maintaining the balance of the ecosystem by controlling the population of primary consumers and facilitating nutrient cycling.
Please select the word from the list that best fits the definition
Smoking contributes to air pollution.
a. Too narrow
b. Too broad
c. Just right
I believe the answer is: B. Too broad
As a general rule, a definition is considered as 'too broad' if the definition contain things that are not referents of the concept or does not necessarily explain why it's correlated with the concept. In the statement above, the writer of that statement did not include how or in what way smoking contributes to the air pollution.
As of 2015, the largest portion of advertising agency revenue came from creating for ______.
In 2015, advertising agency revenue was primarily generated from digital and mobile advertising, reflecting a change in consumer media consumption and the broader attention economy.
Explanation:As of 2015, according to data from sources like eMarketer, the largest portion of advertising agency revenue came from the creation of digital and mobile advertisements. This shift in focus towards online platforms was due to the changing consumer behavior, where more people started accessing content through digital means like smartphones and tablets, bypassing traditional media such as television and print. The attention economy had shifted, with advertisers seeking to capture consumer attention through various online platforms that provided a more targeted and measurable approach compared to traditional media.
The rise of mobile advertising led to significant changes in the landscape of advertising, with estimates in 2014 indicating that mobile advertising would surpass other forms such as radio, magazines, and newspapers. This change reflects the evolution of how brands reach out to potential customers, with digital advertising offering a synergy across different platforms, ensuring that consumers receive the same message whether they are looking at a billboard, watching a game, or scrolling through social media.