A company that produces and markets video game systems wishes to assess its customers' level of satisfaction with a relatively new model, the XYZ-Box. In the six months since the introduction of the model, the company has received 73,219 warranty registrations from purchasers. The company will select a random sample of 65 of these registrations and will conduct telephone interviews with the purchasers. Specifically, each purchaser will be asked to state his or her level of agreement with each of the seven statements listed on the survey instrument given in the following table.

The Video Game Satisfaction Survey Instrument
Strongly Strongly
Statement Disagree Agree
The game console of the XYZ-Box is well designed. 1 2 3 4 5 6 7
The game controller of the XYZ-Box is easy to handle. 1 2 3 4 5 6 7
The XYZ-Box has high quality graphics capabilities. 1 2 3 4 5 6 7
The XYZ-Box has high quality audio capabilities. 1 2 3 4 5 6 7
The XYZ-Box serves as a complete entertainment center. 1 2 3 4 5 6 7
There is a large selection of XYZ-Box games to choose from. 1 2 3 4 5 6 7
I am totally satisfied with my XYZ-Box game system. 1 2 3 4 5 6 7


Here, the level of agreement for each statement is measured on a 7-point Likert scale. Purchaser satisfaction will be measured by adding the purchaser’s responses to the seven statements. It follows that for each consumer the minimum composite score possible is 7 and the maximum is 49. Furthermore, experience has shown that a purchaser of a video game system is “very satisfied” if his or her composite score is at least 42. Suppose that when the 65 customers are interviewed, their composite scores are as given in the following table.

Composite Scores for the Video Game Satisfaction Rating Case
39 44 46 44 44
45 42 45 44 42
38 46 45 45 47
42 40 46 44 43
42 47 43 46 45
41 44 47 48
38 43 43 44
42 45 41 41
46 45 40 45
44 40 43 44
40 46 44 44
39 41 41 44
40 43 38 46
42 39 43 39
45 43 36 41


Using the data, estimate limits between which most of the 73,219 composite scores would fall. Also, estimate the proportion of the 73,219 composite scores that would be at least 42. (Round your proportion (not percent) of scores answer to 3 decimal places.)

Most of the scores would fall between and
An estimate of the proportion of scores that would be at least 42 =

Answers

Answer 1

An estimate of the proportion of scores that would be at least 42 from the population of 73,219 is approximately 0.8385.

Estimating Satisfaction Level

The sample of composite scores given in the table has:

mean of 42.3

standard deviation of 3.1.

Using the central limit theorem, we can estimate that the mean of the population of 73,219 composite scores would be around 42.3 and

the standard deviation would be around 3.1/sqrt(65) = 1.16.

Therefore, most of the scores (approximately 68%) would fall between 42.3 - 1.961.16 = 39.9 and 42.3 + 1.961.16 = 44.7.

To estimate the proportion of scores that would be at least 42, we can use the mean and standard deviation of the sample to find the proportion of scores that are greater than or equal to 42.

Using a z-score table, we find that the proportion of scores that are greater than or equal to 42 is approximately 0.8385. Therefore, an estimate of the proportion of scores that would be at least 42 from the population of 73,219 is approximately 0.8385.

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Related Questions

What are the two main elements that are involved in the measurement of risk?

Answers

Answer:

All threats can be decomposed into two basic elements:

(1) a trigger

(2) one or more vulnerabilities.

Shahia Company bought a building for $73,000 cash and the land on which it was located for $110,000 cash. The company paid transfer costs of $15,000 ($5,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $32,000.

Answers

The total cost of the Building, given the transfer costs and the renovation costs, would be $ 110, 000

How to find the cost of the asset ?

When it comes to assets, there is something called a capitalized cost. A fixed asset's cost base on a company's balance sheet is increased by an expense known as a capitalized cost. Fixed asset construction or acquisition involves capitalized costs. Capitalized expenses are recognized over time through depreciation or amortization rather than being expensed in the period in which they were incurred.

To better align the cost of using an asset with the period of time during which the asset is producing income, costs are capitalized.

The capitalized cost for the building is:

= Purchase cost + Transfer cost + Renovation cost

= 73, 000 + 5, 000 + 32, 000

= $ 110, 000

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The question is:

What is the capitalized cost of the building to Shahia Company?

A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond

Answers

A promissory note can best be described as: a. an interest-bearing IOU.

What is promissory note?

Promissory note can be defined as a written note that help to shows that a person who lend a money from another person  promise to payback. The note contains  a promise by the borrower to pay back the lender within a stipulated period of time.

A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which  the borrower will have to payback.

A promissory note also contains the terms and conditions of the agreement  and this terms and agreement includes the following :

The principal amountThe loan maturity dateThe interest  etc

Therefore we can conclude that the correct option is A.

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The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy?

a. Organizational stakeholders
b. Capital market stakeholders
c. Environmental stakeholders
d. Product market stakeholders

Answers

The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy option D. Product market stakeholders

What are product market stakeholders?

Product market stakeholders are individuals or groups that are directly or indirectly impacted by a company's products or services. These can include customers, suppliers, and distribution partners. In the case of Equal Exchange, their main product market stakeholders would be the small farmers and their customers who buy and consume the products that the small farmers produce.

Therefore, the correct answer is as given above. It could be concluded that product market stakeholders are main focus and target group in Equal Exchange.

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George Clausen (age 48) is employed by Kline Company and is paid an annual salary of $42,640. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Clausen: Round your answer to the nearest cent.
As we go to press, the federal income tax rates for 2023 are being determined by budget talks in Washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2022 FICA rates have been used.

a. What is the maximum that he can contribute into this retirement fund?

14,000-correct answer

b. What would be the company's contribution?


1,279.20-correct answer

Note: For items c. & d. below, round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places.

c. What would be his weekly take-home if he contributes the maximum allowed retirement contribution (married filing jointly, wage-bracket method , and a 2.3% state income tax on total wages)?

437.18- this answer is incorrect.

d. What would be his weekly take-home pay without the retirement contribution deduction?

404.18 this is answer is incorrect
Attached is the Wage Bracket Table

Answers

It is important we understand that the Simple Retirement Account is a plan that allows both employees and employers to contribute to traditional IRAs set up for employees. It is most suitable as a start-up savings plan for small employers not currently sponsoring a retirement plan.

1. $14,000

2. $1,279.20

3. $543.85

a. What is the maximum that he can contribute into this retirement fund?

An amount that ab employee contributes from their salary to a SIMPLE IRA cannot exceed $14,000 in 2022. Therefore, the amount of $14,000 is correct.

b. What would be the company's contribution?

The maximum employer contribution to a SIMPLE IRA is 3%. So, $42,640 * 3% = $1,279.20. Therefore, the amount of $1,279.20 is correct.

Note: For items c. & d. below, round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places.

c. What would be his weekly take-home if he contributes the maximum allowed retirement contribution?

His annual salary of $42,640 divided by 52 weeks is $820.77 per week. If he contributes the maximum of $14,400 to his Simple IRA, his gross pay would decrease by $14,400/$52 weeks = $276.92 per week.  So, his weekly take-home pay would be $820.77 - $276.92 = $543.85.

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The consumer price index is meant to measure prices of goods and services due to _______.


A. None of these.
B. The relationship between aggregate demand and aggregate supply.
C. The effect inflation has on prices in comparison to a base year.
D. The forces that compel companies to raise prices.



Please answer it correctly and asap

Answers

Answer:

the answer is option B. nice to be of to u by the way am gracey

how does the ‘common pool’ operate in insurance?

Answers

Answer:

How does insurance pooling work?

Insurance pooling is a practice wherein a group of small firms join together to secure better insurance rates and coverage plans by virtue of their increased buying power as a block. This practice is primarily used for securing health and disability insurance coverage.

Explanation:

Answer:

 A group of insurers or reinsurers through which particular types of risks (often of a substandard nature) are underwritten, with premiums, losses, and expenses shared in agreed ratios

Explanation:

What are the two main elements that are involved in the measurement of risk?

Answers

Answer:

All threats can be decomposed into two basic elements:

(1) a trigger

(2) one or more vulnerabilities.

A company earns Rs. 10 per share at an internal rate of 15%. The firm has a policy of paying 40% of earning as dividends. If the required rate of return is 10%, determine the price of the share under Gorden’s Model.

Answers

Answer:

Under Gordon's Model, the price per share = (Dividend per share x (1 + Required Rate of return)) / (Required Rate of return – Internal Rate of return)

Price per share = (10 x (1 + 10%))/(10% – 15%)

Rs. 8.00

Therefore, the price of the share under Gordon's Model is Rs. 8.00. This rate is determined by calculating the dividend per share at 40% of the earnings, and analysing the difference between the required rate of return and the internal rate of return.

What is selling on account, and what are its advantages and disadvantages?

Answers

Buying your accounts overdue has an instant influx of cash as its main benefit. When you sell anything at all on credit, there's a possibility that the buyer will go bankrupt and not be able to afford to pay you.

A business account is really what?

Checking, savings, credit card, and payment processing accounts are examples of typical corporate accounts. You can take debit and credit transactions from your clients if you have a payment processing account. Once you have acquired your federal EIN, you may create a business bank account.

What do you term a business account?

Quick access to business trust funds. a checking account for businesses. Savings account for a business. Trade finance account for businesses. Certificate of Deposits for Business.

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1) Name a product brand that you consider yourself loyal to or that you were once very loyal to.
2) Describe how the promotion of the product keeps or kept you loyal.
3) Describe something the company could do or did do that would cause you to stop buying from them, and explain why.
In your replies to at least two peers, name one idea you have for a marketing communication channel that could help support brand loyalty to your peer's preferred brands, and explain why.

Answers

1. The product brand that I consider yourself loyal to is Coca-Cola products.

2. The promotion of the product keeps me loyal as they always come.out with ways to improve the product.

3. A thing that the company could do that would cause you to stop buying from them is if there's any form of racism in their advertisement.

What is promotion?

All of the activities that inform consumers about a product, brand, or service are referred to as promotions. Any marketing communication technique used to persuade target audiences of the relative merits of a good, service, brand, or issue is referred to as promotion in the field of marketing.

Promotion in business refers to any form of communication that aims to persuade customers to purchase goods or services. Businesses typically market their names, goods, and services by figuring out who their target market is and how to reach them with their message. Based on the information, I choose Coca-Cola as my brand.

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Is it more common for bonds to be sold at a discount or a premium? Explain, why?

Answers

Answer:

In a time of rising rates, bonds are bought at a discount to par for roughly the same reason.

Explanation:

There will be a higher amount of bonds selling at a premium in the market during those times when interest rates are falling. This happens because investors are getting more income from them. In a time of rising rates, bonds are bought at a discount to par for roughly the same reason.

Answer:

A bond might trade at a premium because its interest rate is higher than the current market interest rates. The company's credit rating and the bond's credit rating can also push the bond's price higher. Investors are willing to pay more for a creditworthy bond from a financially viable issuer.

Explanation:

pls tell me if wrong or not helpful

5. Assume you are about to graduate. How would you apply your job search? In what ways would you be able to create, com value as a potential employee, and what would that value is, ex prove that you can deliver that value? ​

Answers

Answer:

When applying for a job, I would start by researching the company and the position I am applying for. I would then create a tailored resume and cover letter that highlight my skills and experiences that make me a good fit for the role. I would also use my network to reach out to contacts who may have insight into the company or position. Additionally, I would use online job boards and job-search sites to find potential opportunities.

To create value as a potential employee, I would emphasize my unique skills, experiences, and qualifications that make me a great fit for the role. I would also demonstrate my commitment to the company by showing how I would contribute to the company’s success. Additionally, I would emphasize my work ethic and my ability to work both independently and collaboratively with a team.

To prove that I can deliver this value, I would provide examples of past accomplishments and successes that demonstrate my capabilities. I would also provide references who can attest to my abilities and provide evidence of my commitment to the job. Additionally, I would be prepared to answer questions about my qualifications and experiences during the interview process.

Explanation:

Carol is a nurse in a rehabilitation facility run by Sun Retirement Systems. She works at least 50 hours every week. After looking at
her payroll stubs for the past six months, she concludes that she has not received her share of overtime pay. With the help of a
friend in the payroll department, Gabriel learns the she has been classified as a temporary employee so that her overtime pay can
be avoided. She complains to her supervisor, but her employer makes no changes. Which of the following legal courses can Carol
take against Sun Retirement Systems?

Answers

Carol can take legal courses against Sun Retirement Systems for not receiving her share of overtime pay like Carol can file a lawsuit in the court of law against her employer for unpaid overtime wages.

What are the other legal courses that Carol can take against Sun Retirement Systems?

File a complaint with the Department of Labor: Carol can file a complaint with the Department of Labor's Wage and Hour Division (WHD) alleging that her employer has violated the Fair Labor Standards Act (FLSA) by not paying her overtime pay.

File a complaint with the Equal Employment Opportunity Commission (EEOC): Carol can file a complaint with the EEOC if she believes that her employer has discriminated against her based on her temporary employee status.

Seek legal representation: Carol can seek legal representation from an attorney specializing in employment law to help her navigate the legal process and advocate for her rights.

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Two individuals with different fields of experience are interacting. Because of their fields of experience, they are more likely to:
a. focus on instrumental goals.
b. have an I-It relationship.
C. experience misunderstandings.
d. use more impersonal communication.

Answers

b. employ more impersonal communication. Anytime you are blunt, short, and direct to the point of being rude, you are communicating impersonally.

Is communication personal or impersonal?

A personal discussion is with someone you are close with and has a deeper context, whereas an impersonal talk is with someone you have just met and is brief.

Why is it that language is impersonal?

You can attain the objective tone of academic writing by using imprecise language. Although some professors don't mind if students use the personal pronoun "I," it's still best to refrain from offering an unsupported opinion, which is an assertion made without any supporting data.

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Which of the following types of interest income are subject to federal income tax?
Select one:
a. Interest on state of New York bonds.
b. Interest on US savings bonds
c. Interest on Dover City, Delaware municipal bonds.
d. None of the these are subject to federal tax.

Answers

None of the options are types of interest income that are subject to federal income tax.

What is Bond?

An investor makes a loan to a borrower, such as a company or the government is known as a bond.

Interest on bonds, mutual funds, CDs, and demand deposits of $10 or more is taxable under federal income tax. Taxable interest is taxed in the same way as ordinary income. Each year, payors must file Form 1099-INT and send a copy to the recipient by January 31.

Interest that is not taxable. If the bond is issued by a state, the District of Columbia, a U.S. possession, or any of their political subdivisions, the interest on the bond is generally not taxable.

Therefore, Option (d) is correct.

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CASE: Lemon Tree, a famous hotel chain in India is losing its market share to its peers. The major reasons contributing t the same is that there is a lot of conflict in the
organization due to which correct and timely decisions aren't being taken. The company has hired you as a consultant to understand and solve the issue.

Answers

Answer:

As a consultant, I would recommend the democratic style of leadership.

Explanation:

The organization, Lemon tree, should restructure its hierarchy and maintain orderliness. The manager should properly and precisely convey the goals and the ways to achieve them which gives clarity to the workmen in the direction of success.

There should be an involvement of employees as well in the decision-making process, also cost-effective suggestions should be rewarded which also motivate the employees to positively contribute to the organization. The superior-subordinate relationship should be clearly stated so that it avoids the confusion of whom to get orders from and to whom to be accountable.

The manager should understand their needs and motivate them in that way so that it results in personal development and achieve the organizational goals effectively.


Medical records, paper based and electronic, are subject to
disclosure and confidentiality requirements.
A. TRUE
B. FALSE

Answers

A. true bc it’s confidential

Goods available for sales for future sales or use in service for customers

Answers

Answer:

Explanation:

are called

Inventory. Inventory is a term used to describe the goods and materials that a business holds for the purpose of reselling them or using them in the production of other goods and services. Inventory can include raw materials, work-in-process goods, and finished products which are ready to be sold. Inventory is important for businesses because it helps them to meet customer demands quickly, maintain continuity of operations, and improve cash flow.

An employee's decision to leave his or her job by choice when the business is
shrinking its workforce, in exchange for a cash payment and year of health
insurance would be an example of.
OA. outsourcing
B. voluntary termination
OC. restructuring
D. reduced work hours.
SUBMIT

Answers

Offboarding is the method that leads to the formal separation between an employee and a employer via resignation, termination, or retirement.

It encompasses all the selections and tactics that take area when an worker leaves.

This may also include: Transferring that employee's job responsibilities

What takes place when a organization downsizes?

Downsizing is the everlasting reduction of a company's labor force by way of disposing of unproductive employees or divisions.

While it is normally carried out at some point of instances of stress and a decline in revenues, downsizing can also be used to create leaner and extra efficient businesses.

What is employee displacement?

Displaced workers are defined as people 20 years of age and over who record that they lost or left jobs due to the fact their plant or organization closed or moved, there used to be insufficient work for them to do, or their function or shift was once abolished.

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Answer:it’s b

Explanation:B. voluntary termination

A Medicare patient is being seen today. It has been determined that Medicare has a $124.00 yearly
deductible which the patient has paid $110.00 towards the deductible the coinsurance coverage is 80/20. In
addition, the patient has Blue Cross/Blue Shield (BCBS) as a secondary insurance. Today's medical bill is $65.00.
a. Calculate the billable fee for Medicare
b. Calculate the billable fee for BCBS

c. Determine how much you will collect from the patient at this visit_
- The patients insurance will pay 70% of all medical expenses. Today's physical expenses total $435.67.
a. Calculate the billable amount to the insurance company..
b. Determine how much you will collect from the patient..

Answers

The deductibles, copays, and coinsurance associated with Medicare are some of the expenditures that Medicare supplement insurance policies assist cover.

What does the deductible in insurance mean?

The deductible is the sum that an insurance policy holder must pay out of pocket before the insurance company begins to compensate. To put it another way, the insurance provider is only responsible for paying the claim amount when it exceeds the deductible.

Which three factors motivate deductibles?

Deductibles are used to decrease moral hazard and modest claims, which helps keep insurance rates low. By requiring the insured to cover a portion of the cost, coinsurance is another technique frequently employed to keep premiums reasonable.

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The holland occupational themes are ____.

Answers

Answer:

a personality test for you dating life thinking so !

2. Suppose the demand function for a commodity X is given by Q= 500 - 10P. Where Q and P denotes the quantity demanded and Price of commodity respectively, then Find: i. Compute the price elasticity of this demand function. ii. What is the price elasticity of demand when the price is Birr 30? And comment what type of commodity (good) X can represent.​

Answers

In the question posted, we are informed that 'When the price of commodity C rises via 10%, the volume demanded falls with the aid of 18%. ' Demand for product C is elastic (Ep >1): a 1 per cent exchange in fee leads to a 1.8 per cent exchange in the volume demanded.

When the price increases via 30% and the volume demanded drops by using 10% the charge elasticity of demand is?

Inelastic demand takes place when adjustments in price cause a disproportionately small alternate in volume demanded. For example, a true with inelastic demand would possibly see its fee amplify through 30%, however demand falls by solely 10% as a result.

Is demand function identical as price?

Demand feature indicates the useful relationship between Quantity demanded for a commodity and its more than a few Determinants. The volume demanded is inversely associated to price of the products, i.e., if expenses fall, the demand will increase.

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2. Father Michael’s Wraps (pitas, wraps, flat breads) is experiencing turnover in the range of 100 percent. Most of this occurs in the first 18 months of employment. How would you determine if this turnover rate is high? How would you justify to your boss that lower turnover is strategically important? What would you look at in both pay and other forms of rewards to identify ways of reducing turnover? Justify your choices based on your reading of this chapter.

Answers

Answer:

Explanation:

To determine if the turnover rate at Father Michael’s Wraps is high, it is important to compare it to the average turnover rate for restaurants of the same size, type, and geographic area. Additionally, it is important to compare the turnover rate to the average turnover in the industry as a whole. If the turnover rate is significantly higher than the industry average, it is likely high.

To justify to your boss that lower turnover is strategically important, it is important to explain the potential costs associated with high turnover. These costs include the cost of recruiting, hiring, and training new employees, as well as the cost of lost productivity and the disruption to customer service. Additionally, it is important to emphasize that high turnover can have a negative impact on employee morale and the company’s reputation.

To identify ways of reducing turnover, it is important to look at both pay and other forms of rewards. In regards to pay, it is important to ensure that employees are paid competitive wages in comparison to similar positions in the area. Additionally, it is important to look at other forms of rewards, such as flexible scheduling, job enrichment, and recognition programs. These forms of rewards can help to boost employee satisfaction and reduce turnover.

Justifying these choices based on the reading of this chapter requires understanding the literature on employee turnover. According to the literature, competitive wages, flexible scheduling, job enrichment, and recognition programs are all effective tools for reducing employee turnover. Additionally, research has shown that competitive wages and rewards can lead to higher levels of employee satisfaction and engagement, which can lead to improved productivity and customer service. Additionally, providing rewards and recognition can help to create a positive company culture and help to reduce turnover.

the amount due from the customer who was billed last month is collected. which one of the following is true

Answers

The true option on the amount due from the customer who was billed last month is debit cash and credit accounts receivable. Option D

What is meant by credit accounts receivable?

Credit accounts receivable refers to money that a company is owed by its customers for goods or services that have been sold on credit.

When a company sells goods or services on credit, it allows customers to pay at a later date, rather than requiring payment upfront. In these cases, the company will record the sales as credit accounts receivable, which are listed as an asset on the balance sheet.

The company will then collect payment from customers at a later date, and the credit accounts receivable will be converted to cash. Hence the last option is the correct answer here.

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missing option

A. credit accounts payable and debit cash

B. credit cash and debit accounts receivable

C. credit cash and debit accounts payable

D. debit cash and credit accounts receivable

Find the area under the standard normal curve between z=−2.38 and z=−0.61. Round your answer to four decimal places, if necessary.

If you would like to look up the value in a table, select the table you want to view, then either click the cell at the intersection of the row and column or use the arrow keys to find the appropriate cell in the table and select it using the Space key.

Answers

The area under the standard normal curve between z=−2.38 and z=−0.61 will be 0.2622.

What is the normal curve?

The standard deviation determines the width of the curve in a normal distribution, which depicts a symmetrical plot of data around its mean value. It is represented graphically as the "bell curve."

A continuous probability distribution called a normal distribution has values distributed symmetrically, primarily in an area around the mean.

A normal distribution differs from a standard normal distribution in that the mean and standard deviation of a normal distribution can be any value. A standard normal distribution, on the other hand, always has a fixed mean and standard deviation.

The area under the standard normal curve between z=−2.38 and z=−0.61 will be:

= P[-2.38 <Z < -0.61]

= P(Z ≤ -0.61] - P[ Z ≤ -2.38]

= 0.2709-0.0087

= 0.2622

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The FBI wants to determine the effectiveness of their 10 Most Wanted list. To do so, they need to find out the fraction of people who appear on the list that are actually caught.

Step 1 of 2 : Suppose a sample of 375 suspected criminals is drawn. Of these people, 289 were not captured. Using the data, estimate the proportion of people who were caught after being on the 10 Most Wanted list. Enter your answer as a fraction or a decimal number rounded to three decimal places.

Answers

The proportion of people who were caught after being on the 10 Most Wanted list will be 7 53 / 75.

How to calculate the fraction?

It should be noted that a fraction simply means a piece of a whole. In this situation, the number is represented as a quotient such that the numerator and denominator are split. In this situation, in a simple fraction, the numerator as well as the denominator are both integers.

From the information, FBI wants to determine the effectiveness of their 10 Most Wanted list and to so, they need to find out the fraction of people who appear on the list that are actually caught.

The proportion of people who were caught after being on the 10 Most Wanted list will be:

= 289 / 375 × 10

= 2890 / 375

= 7 265 / 375

= 7 53 / 75

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Match the marketing function with its definition.
1. marketing mix
2. people
3. physical
4. place
5. price
6. process
7. product
8. promotion
provide value to a customer
customers and employees
how the product gets there
evidence
cost of products and services
methods of providing a service
advertising
4P's or 7 P's

Answers

Answer:

Explanation:

1. marketing mix - 4P's or 7P's

2. people - customers and employees

3. physical - how the product gets there

4. place - evidence

5. price - cost of products and services

6. process - methods of providing a service

7. product - provide value to a customer

8. promotion - advertising

What are the two main elements that are involved in the measurement of risk?

Answers

Answer: The two main elements that are involved in the measurement of risk are probability and impact.

Explanation:

Probability refers to the likelihood that a particular event will occur. It is usually expressed as a percentage or a decimal, with a value between 0 (impossible) and 1 (certain).

Impact refers to the magnitude of the consequences that would result if the event were to occur. It can be measured in terms of financial loss, injury, or other negative outcomes.

Together, probability and impact are used to assess the overall level of risk associated with a particular event or situation. This is typically done by multiplying the probability of an event occurring by the impact it would have if it did occur.

Probability: Probability refers to the likelihood or chance of an event or outcome occurring. In the context of risk, it measures the likelihood of a particular risk event happening. Probability is often expressed as a percentage or a fraction, ranging from 0 to 1, where 0 represents no chance of occurrence, and 1 represents a certain event.

Impact: Impact refers to the potential consequences or severity of a risk event if it does occur. It measures the magnitude of the potential harm or loss that the risk event can cause to an organization or individual. Impact is often assessed in financial terms or other relevant metrics, such as reputation damage, operational disruptions, or safety concerns.

By considering both probability and impact, risk assessments can provide a comprehensive understanding of the potential risks faced by an entity and help in developing effective risk management strategies.

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What is the probable reason when borrower and lender expect the inflation

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Answer:

The probable reason when borrower and lender expect inflation is that it can reduce the real value of the loan over time. Inflation can also cause the cost of goods and services to increase, which can make it more expensive for the borrower to repay the loan.

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