Answer:
Your boss is guilty of Fundamental attribution error (C)
Explanation:
Fundamental attribution error is our tendency to explain someones behaviour based on internal factors such as personality while underestimating the effect external factors have such as situational influences.
Answer:
Fundamental attribution error.
Explanation:
In psychology, fundamental attribution error also called attribution effect or correspondence bias is the act of under emphasizing the situational explanations of an individual for the observed behavior of the individual while over emphasizing the personality based explanations for the behavior. It is sometimes described as the belief that people do whatever they want to do and what people do shows who they are.
In both examples mentioned in the question, the boss never gave the affected individual the benefit of doubt and he believed he wasn't saying the right thing.
A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably to a new marketing campaign. Further, the company wants the estimate to have a margin of error of no more than 5 percent with 90 percent confidence. Of the following, which is closest to the minimum number of consumers needed to obtain the estimate with the desired precision?a. 136
b. 271
c. 385
d. 542
e. 769
The closest to the minimum number of consumers needed to obtain the estimate with the desired precision is (b) 271
Explanation:
When the prior estimate of population proportion is not given , then the formula to find the sample size is given by :-
[tex]n=0.25(\frac{z^{*} }{E} )^{2}[/tex]
where E = Margin of error.
z* = Critical z-value.
As per given , we have
E = 5%=0.05
Confidence level = 90%
The critical value of z at 90% is 1.645 (By z-table)
Put all values in the formula , we get
n=0.25(1.645/0.05)²
n=0.25(32.9)²
n=270.6025≈271
Thus, the minimum sample size needed = 271
Hence , the correct answer is 271 .
Why is it essential to differentiate between real and nominal growth rates of GDP? A. The nominal growth rate is more informative than the real growth rate since it is broader in the sense that it captures both price and output changes. B. The nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. C. It is the real growth rate that is meaningful since it indicates the change in the production of goods and services, a very significant source of improved living standards. D. All of the above. E. B and C only
Answer:
B.
Explanation:
The main reason as to why it is essential to differentiate these two is that the nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. While the real growth rate measures economic growth in relations to the GDP in different periods, and expressed in real terms, and since it is divided by the population it means that in order to sustain a standard of living it needs to increase at a rate faster than the population.
Bill and Stacy enter into a contract that falls within the provisions of the UETA. Under the UETA, "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is
Answer:
a record.
Explanation:
Uniform Electronic Transactions Act (UETA) is an act in the United States that was proposed by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and was created in order to make consistent the laws surrounding the retention of paper records as well as the validity of electronic signatures. Under this act the "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is known as a record.
Information stored or inscribed in a perceivable form under the UETA refers to electronic records, which are important in digital transactions and legally equivalent to physical documents or signatures.
Under the provisions of the Uniform Electronic Transactions Act (UETA), "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" refers to electronic records. These records include text, graphics, data, and audio that are created, modified, maintained, archived, retrieved, or distributed by a computer system. The importance of electronic records and electronic signatures in today's digital environment is paramount, as they are routinely considered the equivalent to their physical counterparts like a hand-written signature or printed document. However, these electronic records and the medium on which they may be stored can contain defects such as incomplete, inaccurate or corrupt data, transcription errors, or computer viruses.
The North American Free Trade Agreement Group of answer choices is an example of the unilateral approach to free trade. eliminated tariffs on imports to North America from the rest of the world. reduced trade restrictions among Canada, Mexico and the United States. All of the above are correct.
Answer:
reduced trade restrictions among Canada, Mexico and the United States.
Explanation:
The North American Free Trade Agreement reduced trade restrictions among Canada, Mexico and the United States.
The goal of The North American Free Trade Agreement was to eliminate barriers to trade and investment between the U.S., Canada and Mexico.
The implementation of NAFTA brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico
NAFTA, signed by the United States, Canada, and Mexico, primarily aimed at reducing trade restrictions among these three countries. It didn't eliminate tariffs on imports to North America from the rest of the world.
The North American Free Trade Agreement (NAFTA) is a trade agreement signed by the United States, Canada, and Mexico, with the goal of reducing trade barriers among these three countries. This deal is not a unilateral approach to trade, but rather a tripartite agreement that was devised to allow for the free flow of goods among these nations. Furthermore, it did not completely eliminate tariffs on imports to North America from other parts of the world, but significantly reduced trade restrictions within the confines of the agreement. Consequently, the most accurate statement is that NAFTA reduced trade restrictions among Canada, Mexico, and the United States.Learn more about NAFTA here:
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Even though __________ finance(s) the majority of Medicaid, __________ is (are) given significant discretion in running the program. Group of answer choices a. states, the US Department of Health and Human Services b. states, the government c. the government, the US Department of Health and Human Services d. Noe of the above
Answer:
The correct option is D
Explanation:
Even though THE GOVERNMENT finances the majority of Medicaid, STATES is(are) given significant discretion in running the program.
Medicaid in the United States is a federal and state program that helps with medical costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and personal care services.
Answer:
The correct option is "D." Which is none of the above.
Even though States and Federal Government finance the majority of Medicaid, the states are given significant discretion in running the program.
The federal government matches state spending on Medicaid and states are responsible for designing and administering the program.
Explanation:
The Medicaid is a US joint federal-state program that provides health coverage or nursing home coverage to certain categories of low income earners. It is jointly sponsored by both the states and the federal government at par. It is majorly operated at the state levels with the coverage and administration of the program varying significantly from state to state. It is available only to individuals and families who meet specific criteria based on their level of income. This lofty health Insurance program is only available to U.S. citizens, permanent residents, or legal immigrants. Approximately, one in five Americans are covered by Medicaid.
The Basic Eligibility of the Health Insurance Program:
Medicaid coverage is broken down into four groups: adults under 65 years of age, seniors aged 65 years or older, children, and people with disabilities. Children account for the largest group, at 40% of enrollees, but at a smaller cost. People with disabilities account for 15% of enrollees with about 40% of total costs.
The quantity supplied is the:
a. incremental cost of producing one more unit of output, holding all other things constant.
b. change in the sellers' output multiplied by the change in price.
c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.
d. amount of inputs that a firm earns profit on.
Answer:
c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.
Explanation:
Quantity of any goods that a business is willing to sell at a particular price during a given time period is called Quantity supplied. For Example when the price of an apple $1 the quantity supplied is 200 apples a week. if the price falls to $0.85 per apple the quantity supplies will fall to 150 apples a week. So, Quantity supplied at $1 is 200 apples and at $0.85 is 150 apples per week.
Betty pledges to donate $1,000 to the Children's Hospital. On the basis of the pledge, the hospital orders additional equipment. Betty reneges on the pledge. The hospital sues Betty. If the court enforces the pledge, it will be
Answer:
under the doctrine of promissory estoppel
Explanation:
Promissory estoppel is a doctrine of the law that prevents somebody that made a promise or a pledge from reneging on their promise. This is enforceable even when there is no contract. The beneficiary can sue for damages incurred if the damages are as a result of the pledge that has been made.
In this instance Betty pledged to donate $1,000 and on the strength of this pledge the Children's hospital orders additional equipment. The hospital has incurred expenses, so Betty reneging on her promise has resulted in damages. The hospital has a right to sue for recovery of damages.
A subsidy is defined as a. the difference between total revenue and total cost for a business firm. b. a payment to either the buyer or seller of a good or service, usually on a per-unit basis, when a good or service is purchased. c. a payment that must be made to the government whenever a good or service is sold. d. the number of trades that are eliminated from a market when a tax is imposed.
Answer:
Option B A subsidy is a payment made to a firm or individual, made by the government for the purpose of increasing the purchase or supply of a specific good.
Explanation:
The reason is that the government makes the payment to promote its home production and increased purchases of the government desired goods or services. So this benefits the organizations who sell products, employees, farmers, etc. Basically the country don't want its employees getting unemployed because a similar foreign product is cheaper than the home produced porducts which means that to support them, the government waives taxes on the product or sets a standard amount for a unit product that the government will donate to promotes its home product.
Shirley Macuga is the world’s fastest typist and is also a world famous brain surgeon. She earns $5,000/hour operating on brains. Shirley can type her bills for a whole month’s worth of surgery in 30 minutes and yet Shirley hires a billing clerk to complete the surgery bills. The clerk requires all month to type the bills. The clerk is paid $2,000 per month. Is Shirley smart to hire the billing clerk? Why or why not?
Answer:
Yes
Explanation:
30 mins of typing would have an opportunity cost of $2500 of surgery
She's paying $2000 and earning $2500.
So she is smart
Anchorage Marina in Bay Harbor sponsors a fishing tournament that the crew of the Chimera enters. The prizes include cash and discount certificates for nautical equipment. Under the principles discussed in "A Sample Court Case," Fehr v. Algard, the offer of a prize in a contest is
A. a binding contract in favor of a contestant who complies by the rules.
B. a duty to be obeyed that is defined by the risk perceived.
C. an equitable remedy that a modern trial court may or may not grant.
D. a wager in favor of its offeror that is unenforceable at law.
Answer:
A) a binding contract in favor of a contestant who complies by the rules.
Explanation:
In Fehr v. Algard, a contestant (Edward Fehr) cheated on a fishing contest by trying to include bad fish (or day old fish caught elsewhere) in the final weigh-in of the contest. He was disqualified by the judges and then he sued because the tournament's rule didn't expressly forbid cheating.
The Supreme Court of New Jersey ruled against the plaintiff and established that the good faith of the contestants was implied in the tournament's rules.
Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance? Group of answer choices Fees Earned Accounts Receivable Unearned Fees Depreciation Expense
Answer:
Depreciation Expense
Explanation:
There are two sections consist of debit columns and credit columns in the trial balance. Moreover, the debit and the credit total are always equaled and matched
While the adjusted trial balance is the trial balance that is prepared after recording the adjusting entries
So, the depreciation expense should probably would not be appear as it is to be charged over the remaining life of the fixed asset
Correct answer is option c. Depreciation Expense appears on the adjusted trial balance but not usually on the unadjusted trial balance due to adjustments made at the end of the period.
When preparing financial statements, certain accounts typically appear on an adjusted trial balance but might not be present on the unadjusted trial balance.
One such account is Depreciation Expense. This account represents the allocation of the cost of tangible assets over their useful lives and is often recorded during the adjusting entries at the end of the period.Other examples of adjustments include increases (or decreases) in Accounts Payable, changes in Accrued Expenses, and adjustments for Prepaid Expenses. These adjustments are made to reflect more accurate financial positions of the company in the final adjusted trial balanceComplete question-
Which of the accounts below would most likely appear on an adjusted balance but probably would not appear on the unadjusted balance?
a.Accounts Receivable
b. unearned Fees
c. depreciation Expense
d.Fees Earned
The Krug Company collected $9,000 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1.
Unearned rent revenue:
Step 1: Determine what the current account balance equals.
Step 2: Determine what the current account balance should equal.
Step 3. Record the December 31 adjusting entry to get from step 1 to step 2.
The question is about adjusting entries in accounting, specifically for unearned revenue. The current account balance for the unearned rent revenue needs to be reduced by the proportion of rent that has now been earned. The adjusting entry for this on December 31 would debit Unearned Rent Revenue and credit Rent Revenue for $1500.
Explanation:The subject of this question falls under the area of Accounting, specifically related to adjusting entries and Unearned Revenue.
The current account balance equals $9000 as of November 1 since this was the amount of rent collected in advance.
The amount recorded as Unearned Rent Revenue needs to be reduced by the portion of the rent that has been earned. Since we are making an adjusting entry on December 31, which is 2 months from the starting date (Nov 1), 2/12 of the total rent collected will have been earned. 2/12 * $9000 = $1500. Hence, the account balance for unearned rent revenue needs to be $9000 - $1500 = $7500.
To record the adjusting entry, you would debit Unearned Rent Revenue for $1500 and credit Rent Revenue for $1500. This is because $1500 of the original unearned revenue has now been earned since the tenant has occupied the premises for 2 months.
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Which of the following accounts allows full access to the system, while accessing other systems on the network? Local Admin account Local Service account Network Service account Local System account
Answer:
Local Service account
Explanation:
The option of the accounts that allows full access to the system, while accessing other systems on the network is the Local Service account.
The Local System account is a predefined local account that is accessed by the service control manager and It has extensive privileges on the local computer, and acts as the computer on the network.
The Local Admin account allows full access to the system and lets you access other systems on the network. Other accounts like Local Service, Network Service, and Local System have more restrictions. However, using the Local Admin account should be done cautiously due to the risk of system compromise.
Explanation:The account that allows full access to the system while being able to access other systems on the network is the Local Admin account.
In fact, local admin accounts have privileges that allow access to every corner of the system they are governing, as well as permissions to access and intervene with other networked systems.
On the contrary, Local Service, Network Service, and Local System accounts have more restrictions and can't access resources over the network with the same level of permissions.
However, it's important to note that usage of the Local Admin account should be sparing and cautious due to the expansive reach and potential for damage if misused or compromised.
It's often advised for regular tasks to be performed under accounts with lesser permissions to limit unnecessary exposure to the system.
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Making sure all channels work together when a company sells through additional channels beyond the web is: A) brand engagement. B) customer engagement. C) channel integration. D) cyber consistency.
Answer:
The correct answer is c. channel integration.
Explanation:
Producers and intermediaries act together to obtain mutual benefits. Sometimes the channels are organized through agreements; There are others that are organized and controlled on the initiative of a single director that can be an agent, a manufacturer, a wholesaler or a retailer. This director can establish policies for it and coordinate the creation of the marketing mix.
The links of a channel can be combined horizontally and vertically under the administration of a channel leader. The combination can stabilize supplies, reduce costs and increase coordination of channel members.
Vertical integration of the channels: Two or more stages of the channel are combined under one direction. This results in the purchase of the operations of a channel link or the performance of the operations of this link to carry out the functions.
This integration includes the control of all functions from manufacturing to the final consumer.
Horizontal integration of the channels: It consists of combining institutions at the same level of operations under a single administration. An example will be department stores. This integration provides significant savings in advertising specialists, market research, purchases, etc. And it can be carried out by an organization by merging with other organizations or by increasing the number of units
If Arturo and Dina switch from each person dividing their time equally between the production of tacos and burritos to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by:
Answer:
100
Explanation:
If Arturo and Dina switch from each person dividing their time equally between the production of tacos and burritos to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by:
Now we can see from the graph that Arturo can make 300 burritos and 400 tacos and Dina can make 200 burritos and 400 tacos.
Total current burritos = 300 + 200 = 500
Given that each person is currently dividing their time equally between the production of tacos and burritos
It reveals that Arturo has a comparative advantage in production of Burritos because he produces more that Dina with the available resources of time.
Hence if they are to switch to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by: 100 because Arturo will produce 600 burritos with the other half of his time he has been spending on making tacos
Total production would increase when each person focuses on the production of the good they have a comparative advantage in. Using a similar scenario between Mexico and the United States, both countries were able to consume more goods after shifting production towards their own comparative advantage.
Explanation:In the context of Arturo and Dina's taco and burrito production, it's important to note that total production would only increase if the individual focusing on burrito production has a comparative advantage in making burritos, and the individual focusing on taco production has a comparative advantage in making tacos.
Let's use a similar example with Mexico and the United States producing shoes and refrigerators. Mexico started out, before specialization and trade, producing 4,000 pairs of shoes and 5,000 refrigerators. Then, when it shifted production toward its comparative advantage, it produced 6,000 pairs of shoes but only 2,500 refrigerators. Thus, by giving up 2,000 pairs of shoes in exchange for imports of at least 2,500 refrigerators, Mexico was able to consume more of both goods than before trade.
The same happened in the United States, which started off producing 5,000 pairs of shoes and 20,000 refrigerators. After shifting production towards its comparative advantage, the United States produced only 3,500 shoes but 26,000 refrigerators. The United States was able to consume more of both goods also and was unambiguously better off.
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An investor purchased 100 shares of stock x at \small 6\frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share. if the investor paid a 2 percent brokerage fee on both the total purchase price and the total selling price, which of the following is closest to the investor's percent gain on this investment? (a) 92%(b) 240%(c) 280%(d) 300%(e) 380%
Answer:
(c) 280%
Explanation:
Given that
Number of shares purchased = 100 shares
Purchase cost of a share = 49 ÷ 8
Sale price of a share = $24
And, brokerage paid = 2%
Now the purchase cost is
= 100 shares × 49 ÷ 8 + 2% × 100 shares × 49 ÷ 8
= $612.5 + 0.02 ×$612.50
= $624.75
And, the income amount arise from the sales is
= $24 × 100 - 2% of $2,400
= $2,400 - $48
= $2,352
Now the percentage gain on the investment is
= (Income - purchase amount invested) ÷ (Purchase amount invested) × 100
= ($2,352 - $624.75) ÷ ($624.75) × 100
= ($1,727.25) ÷ ($624.75) × 100
= 276.43% or 280%
Management at Gordon Electronics is considering adopting a bonus system to increase production. One suggestion is to pay a bonus on the highest 5% of production based on past experience. Past records indicate weekly production follows the normal distribution. The mean of this distribution is 4,000 units per week and the standard deviation is 60 units per week. If the bonus is paid on the upper 5% of production, the bonus will be paid on how many units or more?
Answer:
4,099 units or moreExplanation:
The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.
The standardized value of the variable X is called Z and is calculated with the formula:
[tex]Z=\dfrac{X-\mu}{\sigma}[/tex]
Where:
[tex]\mu=mean=4,000[/tex]
[tex]\sigma=standard\text{ }deviation=60[/tex]
You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).
Substituting in the formula for Z:
1.645 = (X - 4,000) / 60X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099Hence, the bonus will be paid on 4,099 units or more.
Knelling Company reported a balance in Accounts Receivable of $50,000 and a credit balance of $3,000 in the Allowance for Doubtful Accounts. The company’s aging of accounts receivable determined $12,000 to be uncollectible. Prepare the end-of-period adjusting entry to record bad debit expence.
Answer:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
Explanation:
According to the scenario, the given data are as follows:
Accounts receivable = $50,000
Credit balance in Allowance for doubtful A/c = $3,000
Uncollectible Amount = $12,000
So, Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
= $12,000 - $3,000
= $9,000
So, the journal entry are given below:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
(Being the Bad debt A/c is recorded)
Suppose the price of pepper increases by 20percent and, as aresult, the quantity of salt demanded (holding the price of salt constant) decreases by 2 percent
The cross-price elasticity of demand between pepper and salt is _____ (Enter your response rounded to two decimal places and include a minus sign if appropriate.)
In this example, pepper and salt are _____
Instead, suppose pepper and salt were substitutes.
If so, then the cross-price elasticity of demand between prepper and salt would be:_____.
1. Less than 1 but greater than 0
2. Negative
3. Greater than 1
4. Positive
5. Zero
Answer:
1) -0.1
2) They will be complement as the increase in price decrease the demand of the other good thus, they sharethe market mutually not agsint each other (substitute good)
3) When positive, the goods are substitutes the consumers moves from one market into another (from salt to pepper or viceversa) when the price rises in one of them
Explanation:
the cross-price elasticity of demand will determinate how the effect of a complement or substitute prices impact on another good.
variation in quantity / variation in price = cross-price elasticity
-0.02 / 0.20 = -0.1
Answer:
1. -0.1 %
2. complements
3. positive
Explanation:
The cross elasticity of demand refers to the concept of responsiveness in the quantity demanded of one item when the price for another item changes.
1.
Cross-price elasticity of demand = %change in quantity demanded / %change in price
Cross-price elasticity of demand = -2/ 20 = -1/10 = -0.1 %
The negative sign indicates that the two items are complements.
2.
In this example, pepper and salt are complements which means when the price of salt increases than there will be a decrease in the demand of pepper.
3.
if pepper and salt were substitutes then cross-price elasticity of demand between pepper and salt would be positive since when two goods are substitutes then an increase in the price of salt, causes an increase in the demand of pepper.
Bonus:
Whenever an increase in the price of an item results in a decreased demand of another item than the cross-price elasticity of demand will always be negative.
Whenever an increase in the price of an item results in a constant demand of another item than the cross-price elasticity of demand will be zero and the two items are said to be independent.
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, __________.
Answer:
a.borrowers gain at the expense of lenders.
Explanation:
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.
As inflation increases, two things happen
1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser
2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.
Venus Electronics Inc. wants to ensure that its products best suit the needs of its customers, so the head of the marketing department holds a meeting with the managers of the production department. This illustrates _____ communication.
Answer: Diagonal Communication.
Explanation: Diagonal Communication is the type of communication between employees at different levels of an organization, or communication among different structures within an organization.
Usually it involves the sharing of information among levels in which one is higher and another is lower. For example when the Vice-president in sales sends an email to the sales supervisor to inform him/her about a change in sales strategy.
Answer: diagonal
Explanation:
This type of communication is characterized by the crossing of information between departments, which in general are not at the same level of hierarchy since they are different and do not establish a dependency relationship between them. The purpose is to increase the speed in the transmission of information, improve the understanding of the information transmitted and the coordination of efforts to achieve the objectives of the company.
"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a new range. The payments are to be made monthly over a two-year period. The bank"
Answer:
Need not make any special disclosure
Explanation:
The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.
MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price elasticity of demand for all types of breakfast cereals to be -0.9. The demand for Post Raisin Brand cereal is:__________ 1. elastic 2. inelastic the demand for all types of breakfast cereals is:_____ 1. inelastic2. elastic
Answer:
The demand for Post Raisin Brand cereal is: ELASTIC
the demand for all types of breakfast cereals is: INELASTIC
Explanation:
To calculate the price elasticity of demand (PED) we can use the following formula:
PED = % change in quantity / % change in price
If PED > 1, the demand is price elasticIf PED = 1, the demand is price unitaryIf PED < 1, the demand is price inelastic*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.
Categories of expenditures Damell and Eleanor Cohen live in Swarthmore, PA. Their son, Jacques, owns his own plumbing business. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). 1. Transaction CLG X M Eleanor gets a new video camera made in the United States. 2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore. 3. Darnell buys a sweater made in Guatemala 4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. 5. Jacques buys a new set of tools to use in his plumbing business 6. Grade k Now Save & Continue Continue without saving
Explanation:
The following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M).
1. Transaction CLG X M Eleanor gets a new video camera made in the United States - Consumption
2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore - Government Purchase
3. Darnell buys a sweater made in Guatemala - Consumption & Imports
4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China - Exports
5. Jacques buys a new set of tools to use in his plumbing business - Investment
Johanna's grandmother gives her $9,000 to pay for the entire first year's tuition at a state college, a year from now. johanna puts the money into her checking account, but during the next year, inflation is 10% and the tuition of her college increases with inflation. how much additional money must johanna come up with to pay her tuition?
Answer:
$900
Explanation:
Inflation is the general increase in price levels per period. It erodes the purchasing power of a country's currency. An inflation rate of 10% means that the currency's value has decreased by 10%.
In this case, if the school fees went up as inflation, the implication is an increment of school fees by 10 percent.
Johanna will have to increase the fee by 10%
i.e., 10% x 9000
=10/100 x 9000
= $900
Johanna needs to provide an additional $900 to cover the inflation-increased tuition cost at her state college.
Explanation:Johanna's grandmother gave her $9,000 to pay for the entire first year's tuition at a state college. Due to a 10% inflation rate, the tuition also increased by 10%. Calculating the increased tuition due to inflation, we have:
The new tuition cost = Original tuition cost + (Original tuition cost × Inflation rate)
The new tuition cost = $9,000 + ($9,000 × 0.10)
The new tuition cost = $9,000 + $900
The new tuition cost = $9,900
Johanna will need to come up with an additional $900 to cover the tuition increase due to inflation.
A small Austrian fishery firm wanted to expand into a new region of the country, but was in competition with a bigger, more established firm. The smaller firm, however, was successful in developing and maintaining key political relationships and were ultimately granted the necessary government permits. Which of the following was key to the smaller firm’s success? a. causal ambiguity.
b. commoditization.
c. social complexity.
d. ambidexterity.
Answer:
d. ambidexterity.
Explanation:
Ambidexterity -
It refers to the practice of using various strategies in order to attain certain project on time , is referred to as ambidexterity .
The method uses many strategies in order be always on the upper hand than the other people or company .
The method is used by most of the very successful people and company , as these people are always ready for the worst scenario and difficult situation with a better alternative plan .
Hence , from the given scenario of the question ,
The correct option is d. ambidexterity .
Morgan Enterprises’ is doing inventory. In the inventory process, Morgan inadvertently miscategorized a $14,000 shipment of FOB shipping point goods in transit to a customer as FOB destination. How will this miscategorization impact Morgan’s total inventory?
Answer: This miscategorization will impact Morgan's total inventory by making the inventory be $14,000 too high.
Explanation:
The goods that are in transit to the customers FOB shipping point are going to be part the inventory of the customer. This is not the inventory of the company that is selling the goods.
If they are listing the goods with the FOB destination this can then make the goods a part of the sellers inventory. This would result in the inventory being higher than it should be.
Morgan Enterprises' miscategorization of a $14,000 shipment from FOB shipping point to FOB destination means they didn't include something they should have in their inventory, leading to their total inventory being understated by $14,000.
Explanation:In the context of inventory management, FOB shipping point means that the buyer takes ownership of the goods as soon as they leave the seller's premises. In contrast, FOB destination implies that the seller retains ownership until the goods reach the buyer's location.
Therefore, the $14,000 shipment should have been included in Morgan Enterprises' inventory as it was FOB shipping point. By wrongly classifying it as FOB destination, this means that Morgan Enterprises didn't count something they should have. So in this case, Morgan's total inventory would be understated by $14,000.
Learn more about inventory management here:https://brainly.com/question/33751079
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___________ is an important example of an upper-middle income economy because it manages to export a wide array of goods including tobacco and citizens have a higher standard of living than lower-income economies while still dealing with serious human rights issues such as hazardous child labor practices.
Answer:
Kazakhstan
Explanation:
Kazakhstan is a country which comes under the upper-middle economy in the world. Their living standard is beyond any other neighbouring countries because it has managed to export a wide array of goods including tobacco. Over the years, Kazakhstan has suffered major human rights issues, but still managed to grow its economy at a reasonable rate.
Which statement is "true" of the sociotechnical approach to work design? A. It is decreasing in popularity. B. It is generally associated with self-managed work groups.C. It is more concerned with outputs and productivity than worker satisfaction.D. It is unrelated to open systems concepts.
It is generally associated with self-managed work groups
Explanation:A developmental approach that is being used in the organisation that has a complex design in work refers to the socio technical approach. This approach deals with the interactions that takes place between the technology and the employees of an organisation. It relates the human behavior and the technology that exists in the workplace of an organisation.
This type of approach is very essential for the organisation that has a complex infrastructures and also the complex design of work. This type of approach is associated with a work group in an organisation that is self managed in nature. Self managed groups will not have any boss and they will manage themselves to achieve common goals.
Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). 1. 2015: $1.00 2. 2016: $1.25 3. 2017: $1.50 He expects 2017 earnings per share to be $4.50 and Janeff's P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than:______.a) $66.68 per share. b) $71.17 per share.c) $93.75 per share.d) $76.15 per share.
Answer:
correct option is a) $66.68 per share
Explanation:
given data
1. 2015: $1.00
2. 2016: $1.25
3. 2017: $1.50
earnings per share = $4.50
P/E ratio = 20
required rate of return = 12%
solution
we get here Market Price per share that is express as by P/E Ratio
P/E Ratio = Market Price per share ÷ Earnings per share .............1
put here value and we get
20 = Market Price per share ÷ $4.50
Market Price per share = 20 × $4.50
Market Price per share = $90
and
earn 12% of return
so here discount all the expected dividend and market price to present value
use here an required rate of return as discount factor
present value of all amounts = [tex]\frac{1}{(1+0.12)} +\frac{1.25}{(1+0.12)^2} +\frac{1.50}{(1+0.12)^3} +\frac{90}{(1+0.12)^3}[/tex]
solve it we get
present value of all amounts = 66.7
so maximum amount that is paid to earn 12% return is $66.7
so correct option is a) $66.68 per share