The price elasticity of demand is a measure of how sensitive demanders are to changes in the price of a product." --- True
All elastics measure sensitivity or responsiveness to changes in variables. impact. Price elasticity of demand measures how strongly buyers respond to price changes good or service.
Price elasticity :Price elasticity of demand is a measure of the responsiveness of quantity demanded to changes in price. The formula for price elasticity of demand is the absolute value of the rate of change in quantity demanded. The value divided by the percentage of price change. The price elasticity of demand is the ratio of the rate of change in quantity demanded of a product to the rate of change in price. Economists use it to understand how supply and demand change when the price of a product changes.
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According to Pearson product-movement correlation coefficient, a correlation of 0.00 shows that the two variables are:
A fee of 0 (zero) indicates no dating among variables. This statistical take a look at is regularly recognized with the aid of using its shorter name of the Pearson correlation or Pearson's correlation.
The required details for Pearson correlation in given paragraph
In statistics, the Pearson correlation coefficient ― additionally recognized as Pearson's r, the Pearson product-second correlation coefficient (PPMCC), the bivariate correlation, or colloquially honestly as the correlation coefficient ― is a degree of linear correlation among units of data. It is the ratio among the covariance of variables and the made of their widespread deviations; thus, it is basically a normalized dimension of the covariance, such that the end result constantly has a fee among −1 and 1. As with covariance itself, the degree can handiest replicate a linear correlation of variables, and ignores many different varieties of relationships or correlations.
As a easy example, one might anticipate the age and peak of a pattern of young adults from a excessive faculty to have a Pearson correlation coefficient considerably more than 0, however much less than 1 (as 1 might constitute an unrealistically ideal correlation).
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if sales are $420,000, variable costs are 60% of sales, and operating income is $64,000, what is the contribution margin ratio?
The contribution margin ratio is 40%.100% of the sales. Therefore, a 60% reduction in variable expenses results in a 40% contribution margin.
What is contribution margin ratio?⇒ The incremental profit made on each sold unit of a product is represented by the contribution margin, which is the revenue from a product less direct variable costs.
The contribution margin is the amount of income that is still available after deducting the associated variable costs in order to cover fixed costs and other non-operating expenses.
Margin of Contribution = (Sales Income - Total Variable Costs)
A business's contribution margin ratio is calculated by dividing its total revenue by its variable costs.
Sales Income - All Variable Costs = Contribution Margin Ratio / Sales Revenue
The marginal gain from manufacturing one extra unit is indicated by the contribution margin ratio.
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In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to….
In the Iowa car crop, Steven Landsburg argues that importing cars from Japan and exporting wheat from Iowa is analogous to growing cars in Iowa.
How does comparative advantage relate to international trade?The theory of comparative advantage postulates that nations would trade with one another, exporting the commodities in which they have a relative advantage. It is impossible for anyone or any nation to have a comparative advantage in every good.
Comparative advantage, when used to describe international trade, refers to the goods that one country can produce more easily or more affordably than another. Hence, there will be another person or nation that can produce certain goods at a cheaper opportunity cost.
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If tanya purchased a $1,700 set of golf clubs on a nine-month layaway plan and had to pay a monthly payment of $201, what was the fee charged for the layaway plan?.
$109 was the fee charged for the layaway plan.
We have given in the question,
She purchased a $1,700 set of golf clubs on a nine-month layaway plan.She had to pay a monthly payment of $201.Now, we have to find the fee charged for the layaway plan.
For each of the 9 months, Tanya had to pay $201. Thus, in total, the amount she paid in dollars is:
T= 9($201) = 1809
The sum of her monthly payments is $1,809.
The original price of $1,700, paid $1,809, thus, the fee charged for the leeway plan, in dollars, was:
1809 - 1700 = 109
The fee charged for the layaway plan was $109.
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which type of sales forecasting is based on the analysis of hard facts or numerical data?
A sort of sales forecasting called quantitative sales forecasting is completely objective and concentrates on actual, measurable sales data that has been gathered over the previous months or even years. Future sales, revenue, and expenses are calculated using this data.
How does sales forecasting work?The predicted revenue from sales is expressed in a sales forecast. What your business expects to sell during a specific time period is estimated by a sales forecast (like quarter or year). The most accurate sales projections do this.
The benefit of quantitative sales forecasting is which of the following?Displays Patterns The spending, sales, and scheduling trends within the company can be easily seen in numerical statistics. The trends throughout a given time period are clearly displayed in this sort of forecasting, along with whether or not the patterns are constant from year to year.
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what is the most accurate statement about employers using and social media sites to screen job candidates
Answer: Employers use screening interviews to determine whether a job applicant should move on to the next step in the interview process.
Explanation:
when products are classified broadly based on the type of user, which two of the following are the categories ?
consumer products
business products
When products are classified broadly based on the type of user, it is categorized into 2 types consumer products and business products.
What are consumer goods?Consumer Goods are products that the average consumer purchases for consumption. Consumer goods, also called final goods, are the end result of production and manufacturing. Clothing, groceries, and dishwashers are examples of common consumer goods.
Business products:A business product is what a business sells to make money. In other words, business products are the goods and services that people want to buy to furnish their homes, run their businesses, power their schools, churches, stadiums, factories, and generally keep the world running.
What is a product?A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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an office building earns $850,000 per year, and expenses are 35% of that amount. if the property is capitalized at 12%, what is its approximate value
If an office building earns $850,000 per year, and expenses are 35% of that amount and if the property is capitalized at 12%, then the approximate value of that office is $4,604,167.
To solve the above question, we have to first find out the amount spent on expenses which is $850,000 x .35 = $297,500, and then subtract that amount that is the amount spent on expenses from the total amount the office earns which will be, $850,000 - $297,500 = $552,500. Since the property is capitalized at 12% then in order to reach the final answer, take 12% of $552,500, which will be $552,500/12% = $4,604,167 (the approximate value).
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on january 1, 2024, a company began construction of an automated cattle feeder system. the system was finished and ready for use on september 30, 2025. expenditures on the project were as follows: january 1, 2024 $ 205,000 september 1, 2024 $ 306,000 december 31, 2024 $ 306,000 march 31, 2025 $ 306,000 september 30, 2025 $ 205,000 the company borrowed $752,000 on a construction loan at 7% interest on january 1, 2024. this loan was outstanding throughout the construction period. the company had $4,510,000 in 7% bonds payable outstanding in 2024 and 2025. average accumulated expenditures for 2024 was:
The average accumulated expenditures for 2024 would be $272,333.33 per month.
To calculate the average accumulated expenditures for 2024, you will need to add up all of the expenditures that occurred in that year and divide the total by the number of months in which those expenditures occurred. The expenditures that occurred in 2024 were $205,000 on January 1, $306,000 on September 1, and $306,000 on December 31, for a total of $817,000. There were 12 months in 2024, but expenditures only occurred in 3 of those months,
so the average accumulated expenditures for 2024 would be:
$817,000 / 3 months = $272,333.33 per month.
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why do organizations now pay a growing share of compensation in the form of benefits? (select all that apply)
Organisations now pay a growing share of compensation in the form of benefits as employers are required by law to pay certain benefits, Employers can often get a better deal on programs than the individual employee.
An organization or organization is an entity such as a company, an organization or an association that brings together one or more people and has a particular purpose. The word is derived from the Greek word organon, which means instrument or instrument, musical instrument and organ.
There are many types of legal organizations including corporations, governments, NGOs, political organizations, international organizations, armed forces, charities, nonprofit corporations, partnerships, cooperatives and educational institutions, etc. organization is an agency operating in both the public and private sectors, performing public functions and developing commercial market activities.
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why don't countries specialize in the production of just a few goods for which they have a comparative advantage?
Countries do not specialize in the production of just a few goods for which they have a comparative advantage because doing so would limit innovations.
Each country has some business specialty whereas there are other areas for which it has to import products from other countries. In this way, all countries are dependent on each other in some way or the other.
Countries cannot just produce or specialize in the production of goods for which they have a comparative advantage because as a result of just focusing on a few goods, the innovations in the country will be limited. In order to increase the economy, there shall be variable products in the market that are innovative and would attract customers.
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which would be an example of an organizational occupational crime? question 13 options: the police chief allows an illegal business to continue for a portion of the profit. the manager of a high-end clothing store tries on an outfit while at work and wears it home. a tobacco company knows that its cigarettes are addictive but nevertheless, advertises them as safe. the regional manager of a janitorial supply company slyly bills his customers $10 more per visit, boosting his branch's profit.
An example of an organizational occupational crime is when the police chief allows an illegal business to continue for a portion of the profit. The Option A is correct.
What is an Occupational Crime?In law, occupational crime means any criminal activity that an individual commits in the course of their legal occupation. An occupational crimes also mean crimes committed by an individual while they are working or at their workplace.
In most cases, these crime is committed by abusing existing system structures in the workplace and may be committed by one or more than one person, depending on the crime.
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Explanation: Gradpoint
the amount of use that the company expects to obtain from an asset before disposing of it is referred to as the
The amount of use that the company expects to obtain from an asset before disposing of it is referred to as the service.
How do you define an asset?An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A company's balance sheet lists its assets. They are acquired or produced to raise a company's worth or enhance its operations.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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a bond that guarantees that all labor and materials, for the project will be paid by the contractor upon completion of the work is called a
A bond that guarantees that all labor and materials, for the project will be paid by the contractor upon completion of the work is called a payment bond.
What do you understand by payment bond?
A certain sort of surety bond called a "payment bond" is given to contractors as an assurance that all parties associated with the project will receive payment. A payment surety bond is a specific kind of bond that ensures certain employees, suppliers, and subcontractors are safeguarded against non-payment. These are also referred to by the common labels "construction" and "labour and material". These bonds are occasionally referred to as "Miller Act Bonds" in government contracting.
Either conditional or unconditional private construction bonds are available. A property owner is completely shielded from having a lien put on their property under an unconditional payment guarantee. Due to the possibility of a construction lien being put on the owner's property, conditional sureties (also known as "pay when paid" provisions) offer the owner very minimal security.
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Self-assessments must always be formalized instruments of
measurement.
O True
O False
Answer:
true I believe I'm not completely sure though
Explanation:
help
Example of diligence:
Example of the opposite of diligence:
Why does your employer want you to demonstrate diligence?
Answer:
Explanation:
An example of diligence would be taking your time, putting in effort on a work presentation you have to present during a meeting.
An example of the opposite of diligence would be sloppily running through your presentation, not caring what it looks like, and not checking grammar or punctuation.
So that when you are given an assignment or a task you can complete it without your boss worrying that it's not gonna be up to standards.
topik is a product that is sprayed on thinning hair and makes the hair appear thicker. the manufacturer considers its potential market to be blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes. the manufacturer of topik considers this group to be its:
who like to think of themselves as weekend athletes. the manufacturer of topik considers this group to be its Target Market
What is Target Market?The final customer that a corporation seeks to sell its finished goods to is known as the target market. Target marketing entails segmenting the market into different groups and developing marketing plans for each group in order to increase market share.Try estimating the worth of your goods or services as you get to comprehend your target market. You can contemplate why your ideal customers would find them more enjoyable or practical than rival products.Strategies for Target Markets Multi-segment marketing is one. Targeting more than one market sector is known as multi segment marketing. 2. Targeted marketing. The term "concentrated marketing" describes the practie of focusing all marketing efforts on a specific target area. Three MicrotargetingTo learn more about Target Market refer to:
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a farm has separate quality assurance employees that check the quality of the food product before distribution. this is an example of what type of control?
A farm has separate quality assurance employees that check the quality of the food product before distribution. This is an example of Quality Control.
Quality Control is the process of verifying that a product or service meets certain predetermined standards of quality. It is a system of activities and techniques used to ensure that the outputs of a process meet the required quality standards. Quality Control is essential for any product or service to be successful in the market.
Quality Control involves the use of various tools and techniques to measure, inspect and test the product or service for any defects, inconsistencies, or non-conformance to the required standards. Quality control activities include inspection, testing, measurement, documentation, validation, and verification. Quality Control is an integral part of the production process and it is important to ensure that all the products and services meet the highest quality standards.
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_____ are intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value
Services are intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value
What is a service job?Service activities are characterized by the provision of technical or intellectual services in nature. Unlike industrial activity, it cannot be explained solely by the characteristics of the tangible property acquired by the customer. Its final product is immaterial and cannot be stored or transported.
What is the purpose of the service?“Service is the means by which we deliver value to our customers by enabling them to achieve the results they want without incurring specific costs or risks.”
What are services and what do they mean?A service can be defined as:“A service is an activity or performance that one party can provide to another that is intangible in nature and does not give rise to any property rights. Its production may be tied to a physical product. It may or may not be connected.” – Kotler
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Which of the following personal selling steps would a tickler file be helpful?
1. pre-approach
2.handling objections
3.closing the sale
4.the follow-up after the sale
Pre-approach is a phase in the personal selling process that would be useful. As a result, choice (A) is the right reaction.
What is personal selling?When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.
The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.
Hence, option (A) is accurate.
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an is auditor is conducting a compliance test to determine whether controls support management policies and procedures. the test will assist an is auditor in:
To find out if controls upstanders policies and processes, an IS auditor is performing a compliance test. The test will help the auditor: verify that the rule is functioning as intended.
What does an auditor do?The auditor's or reviewer's responsibility is to provide a professional opinion on these financial information. An organisation's financial report can be reviewed or audited to improve member accountability and guarantee that all money received by the group have been properly accounted for.
Is an auditor also a CPA?An auditor is a specialist type of accountant who examines financial statements and confirms the accuracy of other accountants' work. Auditors primarily operate in two contexts:
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true or false? while the federal government can tax cigarettes, state governments are prohibited from doing so.
Answer: States may also increase excise rates on tobacco goods in an effort to cut down on tobacco usage. In fact, local governments are expressly permitted to forbid smoking.
Explanation: What impact does a rise in excise taxes have?
In the short term, an excise tax raises the cost of the good, albeit by a smaller amount than the entire tax, and both the producers and the consumers bear the cost burden. The elasticity of supply and demand for the product determines the precise impact.
Why are excise taxes significant?
Excise taxes collected for this reason are frequently referred to as "sin taxes." Similar to income taxes, excise taxes are used by governments to help pay for expenses associated with the taxed item. For instance, gasoline excise charges assist in financing new motorway
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It is false that while the federal government can tax cigarettes, state governments are prohibited from doing so.
What is done to ban cigarette smoking?Tobacco use is the leading cause of preventable death and disease in the country. The federal government has not increased taxes on the cigarettes since 2009 and a significant increase is long overdue.
In 1997, President Bill Clinton issued an executive order of banning smoking in the federal buildings and protecting nearly 2 million workers and their patrons from exposure to secondhand smoke.
Several state and local governments have also passed legislation to ban smoking in work places and public places such as restaurants and parks.
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john and andrew plan to participate in the market for many months and decide to collude in order to maximize joint profits. what will be the outcome?
The result will be maximum profit if John and Andrew decide to cooperate in order to maximize their combined gains over the course of many months of market participation.
What will occur if the businesses decide to conspire?If the companies decide to work together, they will opt to establish a monopoly production, Qc, and set a price, Pc, based on the market's demand curve. They will produce where MR = MC and so increase industry profits, just like a true monopoly would.
What occurs when oligopolies collaborate?A market's pricing or output level may be fixed by enterprises in an oligopoly in an effort to increase industry profits. In the worst case scenario, the conspiring businesses could monopoly authority Self-interested oligopolists would generate greater output than monopolists and charge less for it.
What results from collusion?Collusion is a non-competitive, secret, and occasionally illegal agreement between rivals with the intention of upsetting the market's equilibrium. When parties that would typically compete with one another choose to work together instead in order to gain an unfair competitive advantage, this is called collusion.
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You own a men's clothing store. A sign in your store advertises three shirts for $30.39. Not counting sales tax on clothing, how much would you charge a customer who needs only two shirts.
This is a question in one of my intro to buisness and marketing assignments i am working on so please help me ASAP.
Thanks!
20.26 dollars charge a customer who needs only two shirts.
What is marketing?Marketing, to put it simply, is the process of luring new customers and clients to a business's goods or services. an item or service. In a word, it is an endeavor designed to promote a business's goods.
Price of three shirts = 30.39 dollars
Price of shirt = (price of 3 shirts) / 3 Price of shirt
= (30.39 dollars / 3 Price of shirt
= 10.13 dollars
Price of two shirts = (price of 1 shirt) x (number of shirts) Price of two shirts
= 10.13 dollars x 2 price of 2 shirts
= 20.26 dollars
The customer should be charged $20.26 even if they only want to purchase two shirts.
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What is the reported annual value of nike’s deal to sponsor the french football federation?.
Answer: 42.6 million per year.
Explanation: Hope This Helps, Have A Nice Day. <3
achieving cost efficiencies through maximizing freight and miles travelled is known as: group of answer choices
Achieving cost efficiencies through maximizing freight and miles travelled is known as: Economies of scale.
Freight optimization is a key overall performance location for any supply chain head in any industry. This basically manner the shifting of products to clients while retaining desired provider degrees inside the deliver chain through determining the maximum green way.
Trucking costs are calculated on a consistent with-mile basis. First, take the mileage among the beginning and destination points. Then divide the whole charge via the wide variety of miles planning for freight transportation is beneficial to transportation groups,
Local municipalities, and citizens alike. advantages include extra efficiency, reduced congestion on principal highways and streets, and advanced in air exceptional.
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if a transaction has been improperly journalized and posted to the ledger, the incorrect journal entry should be corrected with this type of additional journal entry.
If a transaction has been improperly journalized and posted to the ledger, the incorrect journal entry should be corrected with an additional journal entry, called a correcting entry.
What is transaction?⇒An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later. A transaction entails the exchange of money for a good or service. In terms of corporate accounting, transactions can provide a little bit more of a challenge. Regardless of when payment is received or paid, accrual accounting records a transaction as soon as it is complete.
Smaller businesses tend to employ cash accounting, which only records transactions when cash is received or dispersed.
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it is beneficial for the marketing manager and the market researcher to have some sort of model in mind when designing a research plan. true false
Imitation is the act of replicating behavior that has been observed and learned.
It is not beneficial to have an effective purpose when setting goals?True imitation happens when an animal copies a behavior of imitate it has never before engaged in and when it does so in a way that is exceptional for its species. When they do this, students evaluate if the circumstance is imitate appropriate for reproducing the action and whether they are likely to succeed in carrying it out. Humans pick up habits from other individuals and copy them. Models are the persons being studied, and imitate modeling is the term used to describe the learning process. This activity would likely not have been picked up by the animal without witnessing another animal engaging in it.In economics, the price system of a competitive market is capable of supplying all the goods and services of an economy. However, there are some situations where this is not possible, these are known as market failures.For example, street light and a city's sewer are market failures. It is not profitable for a company to dedicate itself to lighting in the street, because it would invest a lot of money but nothing would come in and in the end it would fail. Therefore, the government is responsible for performing these tasks, covering market failures.To learn more about imitate refer to:
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what dimension of the business use of cloud systems focus on the benefits of rapid deployment, on-demand provisioning, and disaster recovery?
cloud offerings are analyzed by distinctive factors referred to as dimensions and five dimensions are proposed (i.e., Contractual, Financial, Compliance, Operation, and Technical).
How cloud computing is used in business?Cloud-based structures allow giant organization corporations to build, test and install applications, and store, lower back up, and recover data. Types of cloud-based structures include: Public cloud: Third-party carriers that deliver computing assets over the web for a couple of businesses.
What are two advantages of a cloud based totally system?Speed to market: Developing in the cloud permits customers to get their applications to market quickly. Data security: Hardware failures do no longer result in information loss because of networked backups. Savings on equipment: Cloud computing uses faraway resources, saving groups the cost of servers and different equipment.
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https://brainly.com/question/19057393#SPJ4if the marginal product (extra output) per dollar spent on capital is 10 and the marginal product (extra output) per dollar spent on labor is $15, then this firm should buy more labor services. select the correct answer below: responses true true false
If a firm's marginal product (additional production) per dollar spent on capital is $10 and its marginal product (extra output) per dollar spent on labor is $15, it should invest in more labor services. This claim is accurate.
What is meant by marginal product?A marginal product of an input is the additional output that results by adding one unit of the that input to a current combination all productive elements. An example of an input would be labor. In economics, particularly within neoclassical economics, the marginal product and marginal productivity of the an input is the change of output that occurs from utilizing one extra unit of a particular input, provided that the quantities of many other inputs are remained constant.
How do you find a marginal product?The marginal product is the total production amount created from each additional unit of input employed in production (MP). By dividing the entire product increase by the input change, it is calculated. Because of the increase of marginal returns, every additional variable is more efficient than the prior input.
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