Answer:
Quality refers to the standard of something as measured against other things of a similar kind; the degree of excellence of something.
Which 3 of the following statements are true about the Reclassify transactions tool? It is only accessible in QuickBooks Online Accountant It allows you to recategorize transactions in batches It allows you to change the payment account (bank or credit card) for expenses It allows you to change the class and/or location of transactions
All the 3 statements about the Reclassify transactions tool are true .
What is the Reclassify transactions tool?Do you need to alter numerous transactions or transfer them to another account? You don't have to change them one at a time in QuickBooks Online Accountant or QuickBooks Online Advanced. Save time by applying the same adjustment to several transactions at once by using the reclassification tool.
It is only accessible in QuickBooks Online Accountant It allows you to recategorize transactions in batches It allows you to change the payment account (bank or credit card) for expenses It allows you to change the class and/or location of transactionsMake sure you are aware of the transactions you wish to reclassify first. You can discover this information in a few reports, such as a profit and loss statement. Use the reclassification tool to shift transactions to related accounts or alter their classes once you've located those transactions.
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What is an example of a work in the public domain?
U.S. Federal legislative enactments and other official papers are typically considered works in the public domain for purposes of copyright protection.
What do you mean by public domain?
Creative works that are not covered by intellectual property rules like copyright, trademark, or patent laws are referred to as being in the "public domain."
The works of William Shakespeare, Ludwig van Beethoven, Leonardo da Vinci, and Georges Méliès are examples of works that are in the public domain because they were either created before copyright existed or because the copyright period has passed.
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Which of the following statements is correct?
1 The demand curve for a purely competitive firm is perfectly elastic, but the demand curve for a purely competitive industry is downsloping.
2 The demand curve for a purely competitive firm is downsloping, but the demand curve for a purely competitive industry is perfectly elastic.
3 The demand curves are downsloping for both a purely competitive firm and a purely competitive industry.
4 The demand curves are perfectly elastic for both a purely competitive firm and a purely competitive industry.
The correct Statement is The demand curve for a purely competitive firm is perfectly elastic, but the demand curve for a purely competitive industry is downsloping. Thus option 1st is correct.
What is Demand Curve?Demand curve refers to the Graphical presentation of the relationship of the price and the quantity of a particular firm.
Those firms that engages in pure competition, the demand curve is entirely elastic due to the the marginal revenue curve aligns with the firm's equilibrium price since each firm acts as a price taker.
The demand curve for a purely competitive industry is downsloping because as the level of the price increases for the product the demand of the product decreases which implies decreased production.
Thus option 1st is correct.
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Company A has 279,000 basic shares outstanding and 26,000 outstanding options and warrants. The exercise price of these options is $3.75. The company also has $200,000 of convertible bonds with an effective conversion price of $4.00. The average market share price for the reporting period is $7.50. What is the diluted shares outstanding using the treasury stock method & if-converted methods?
Review Later
345,333
305,000
342,000
292,000
The diluted shares outstanding using the treasury stock method & if-converted methods is 342,000. Thus the correct answer is C.
What are shares?An ownership stake in a business or a capital gain is expressed as a share. Shareholders are those individuals who own stock in a corporation.
The calculation for the diluted shares outstanding using the treasury stock method & if-converted methods is attached in image.
Therefore, option C 342, 000 is the correct option after doing all the calculations.
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Naomi weighed 50 patients for a medical study using a scale that measures to the nearest whole pound. She then calculated the mean weight as 176 pounds, with a standard deviation of 12 pounds.
If the distribution is normal, what percent of the data lies between 140 pounds and 212 pounds?
99.7 percentage of the data lies between 140 and 212 pounds when the distribution of the standard deviation is normal.
What is standard deviation?Any given quantity, which is used to express that how many observations differ from others in the total observations of a data, is referred to as standard deviation. It is represented by σ.
To calculate the percentage of data lying between the given values, we will use the formula of empirical method and the given information to compute as under,
[tex]\rm P(mu-3\ x\ \sigma < X < \mu + 3\ x\ \sigma)[/tex]
Solving further,
[tex]\rm P(176-3\ x\ \12 < X < \176+ 3\ x\ 12) = 0.997[/tex]
Hence, the significance upon the standard deviation of data weighted by Naomi is as aforementioned.
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A flatter, more horizontal demand or supply curve ____
A. Is elastic
B. Is inelastic
C. Has zero elasticity
D. Has price in elasticity
arks/ g) Meta works on the floor of a mall as a manager. He is very hard working but is unable to produce results for his organization. His target for last month was a sale of Kshs. 10,000.00 from his floor. However by the end of the month the sale was only Kshs. 8,000.00. He is very regular and takes all the necessary steps to complete the target. However his staff is not as competent as he himself is. When he tries to take action against disobedient employees the top management doesn't allow him to do so. They haven't given him the power to fire employees or take any strict action against them. With Reasons and citing the other principles which principle of Fayol is violated here by the Organization? (8 Marks) arks / g ) Meta works on the floor of a mall as a manager . He is very hard working but is unable to produce results for his organization . His target for last month was a sale of Kshs . 10,000.00 from his floor . However by the end of the month the sale was only Kshs . 8,000.00 . He is very regular and takes all the necessary steps to complete the target . However his staff is not as competent as he himself is . When he tries to take action against disobedient employees the top management doesn't allow him to do so . They haven't given him the power to fire employees or take any strict action against them . With Reasons and citing the other principles which principle of Fayol is violated here by the Organization ? ( 8 Marks )
Violation of the principle of "Authority and Responsibility" There is a clear picture of the case of Meta.
What is the principle of "Authority and Responsibility?This principle states that when a person is accorded some responsibility, then he must be given some authority so that he can complete the given task effectively and efficiently.
Thus, in the case of Meta, the top-level management assigned the responsibility but not the authority to remove such employees that did not work in accordance.
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6. Please list and describe your current involvement in the community. Do you volunteer for any local agencies, participate in any events that benefit community members, or belong to any clubs or groups
there are 5 ways to participate in your community
1 volunteer your time
2 donate your resources
3 shop locally
4 join a class or group
5 support your local sports teams
6 organise your own event
Hope it is helpful
The ways to participate in the current involvement in the community is to volunteer the time, donate the resources, in a class or group, support the local sports teams and organize the own event.
What is the community?A community is a social unit that shares characteristics such as location, norms, religion, values, customs, or identity. Communities can share a sense of place in a physical location or in virtual space via communication platforms.
In 8th grade, a person joined the National Junior Honour Society, which taught a person how much volunteering benefits people. It held a haunted house at my school and raised funds for those affected by Hurricane Michael.
Therefore, the NJHS community helped a person realize his passion for helping others, which is why he joined this site.
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WILL GIVE BRAINLEST!!!
In the cruise ship hierarchy, a youth staff director would report to the
cruise director
chief purser
first officer
second officer
Answer:
: cruise director he is a high ranking or senior officer with authority of of all on board hospitality
The first and last steps in the seven-step decision-making model are in the list below. Identify both.
Know yourself.
Identify the decision to be made.
Develop a plan of action.
Select the best option.
Question #20 TrueFalse
58
Answer:
True
Explanation:
Firstly, whenever you're tackling any problem, you need to know your strengths and weakness. understanding your ability can help you to save not only time but also other associated resources involved in the decision made.
Answer:
B and D
Explanation:
What is accountability
Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.
Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.
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Accountability is the obligation of individuals or organizations to take responsibility for their actions, decisions, and outcomes.
In various contexts, accountability plays a crucial role in promoting transparency, ethical behavior, and trust. It holds individuals and entities liable for the consequences of their choices, ensuring that they are answerable to stakeholders, authorities, or the public. Accountability is essential in government, business, education, and other sectors to maintain integrity and foster a culture of responsibility.
By enforcing accountability, organizations can create a sense of ownership and promote a higher level of performance and ethical standards. It helps build trust among stakeholders and ensures that those in positions of power act in the best interest of the community they serve. Emphasizing accountability leads to more reliable and responsible outcomes in various aspects of society.
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In which situation would it be most appropriate to use money you have set aside in your emergency fund?
A. Your friend needs $100 for rent.
B. Your microwave stops working.
C. You forgot to pay your phone bill.
D. Your roommate needs $50 for a date.
The money that has been set aside for emergency situations can be ideally used for paying the phone bill at first.
Option C is the correct answer.
What is an emergency fund?An emergency fund is an amount that is kept by an individual out of their earned income which is further to be used in uncertain times.
An emergency fund has been created to meet the contingencies in life that can be in the form of repairs of any equipment, medical problems, loss of job, etc. This fund helps the individual in uncertain times when he/she is in need of funds.
Therefore, the phone bill should be paid first from the emergency fund then the rest of the expenses to be considered.
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Answer:
B. micro wave
Explanation:
The other guy is wrong
Step 1: Read each section of the scenario on your own. a) If you have questions about how to complete this assignment, ask your teacher for assistance. b) If you need help understanding any of the terms or equations used in the scenarios and questions, ask your teacher for assistance. Step 2: Participate in a group discussion to answer the questions in each section. a) Meet with your assigned group to discuss the questions for each scenario. b) Remember to take notes and follow the rules for group discussions. c) Use your notes from the discussion to answer the questions. Step 3: Use this checklist to evaluate your project. If you can check each box below, you are ready to submit your project. Did you read each scenario carefully? Did you participate in the group discussion? Did you take notes during the discussion? Did you support your ideas with facts and details from the scenarios? Did you use your notes from the discussion to answer the questions? Is your worksheet free of errors in spelling and grammar
Explanation:
yeshggfebbm9ktudzhgyi
A machine can produce 2,500 products per hour. If 37 of those products were defective, what is the defect rate per hour for the machine?
The defective rate per hour for a machine is 0.0148 or it can be said that the defective rate per hour for a machine is 1.48%.
What is the defective unit?A unit is considered faulty if it has one or more flaws. The quantity of defective units is typically counted during inspections. Many people prefer to use the word "nonconforming units" to make it clear that just because a unit doesn't satisfy the requirements doesn't mean it is ineligible for use.
Given,
Total Production per hour = 2500
Defective unit per hour = 37
Calculation of Defective units rate per hour = Defective unit per hour divided by the Total Production per hour and multiply by 100.
Defective Unit rate per hour = 37 x 100/2500 = 1.48%
Thus, the defective unit per hour rate is 1.48% or 0.0148. The quantity of defective units is typically counted during inspections.
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What is one way the government tries to attain positive externalities?
A. Punishing a company for pollution
B. People who make over $250,000 a year have to pay more taxes.
C. Lowering interest rates
D. Encouraging education
One way of representing attaining the positive externality by the government is through the promotion of education.
Option D is the correct answer.
What is an externality?When the cost or advantage is received by a third party that is not related to the economic activity, then it is considered an externality.
A positive externality is the arousal of a positive effect on either production or consumption. The act of penalizing a company for pollution, imposing taxes on citizens earning more than $250,000 and the reduction in rates of interest would all be classified as negative externalities.
Therefore, the encouragement of education by the government is regarded as a positive externality.
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ALBERTO: Tami, I’ve got a problem. Can we talk for a minute?
TAMI: Sure, Alberto, what’s up?
ALBERTO: Last week my sous-chef, Ricky, bought tomatoes that just weren’t ripe. It made me really angry. We’ll never keep our Michelin star unless we maintain the quality of our produce!
TAMI: Wow, Alberto, that sounds like a real problem. So you’re saying that Ricky bought tomatoes you couldn’t serve?
ALBERTO: Yes! And it’s not the first time...
TAMI: I’ll do something about this right away.
What component of reflective listening is missing from this conversation?
Affirming contact
Clarifying the implicit
Paraphrasing the expressed
The component of reflective listening that is missing from this conversation is Paraphrasing the expressed.
Reflective listening ComponentsStatements like "I see," and "Okay," are crucial at the beginning of a conversation and in circumstances when there may be worry or discomfort in an Affirming Contact. Clarify any implicit portions of the message, which include ideas and sentiments that are not fully or clearly articulated together with their openly declared message.Paraphrasing the expressed explains to the speaker what was heard, as well as what the listener's feelings and ideas were. utilize a follow-up query occasionally.Hence, Paraphrasing the expressed is the aspect of reflective listening that is absent from this dialogue.
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a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this? Explain your answer
Real GDP per capita can grow in a country with the institution of economic and public policies.
How can a country increase its GDP?It is essential that in a country with high levels of social and economic inequality, the government institutes reforms that generate inclusion and opportunities for individuals, such as an economic growth program, which reduces interest rates on loans, encouraging entrepreneurship and investments.
Therefore, a series of measures must be instituted to increase a country's GDP, such as investment in education and job creation.
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Which of the following is an example of an investing activity?
Issuance of shares
Repayment of long term debt
Prepayment of a contract
Purchase of machinery
Answer:
Purchase of machinery
Explanation:
Once you have purchased for a machinery, you will earn the interst from the The profit the machine brings to you.
Besides chlorine, what are the chemical sanitizers approved for operations?
Explanation:
Chemicals that are approved sanitizers are chlorine, iodine, and quaternary ammonium.
Project success is defined as adherence to budget, schedule, functionality (performance) and client satisfaction. Under these criteria, cite evidence that suggests the Sochi Olympics project was a success and/or failure.
The evidences provided suggest that Sochi Olympics was a great failure as the estimated cost of the Olympics went up.
What is Budget?Budget refers to the future projections of the income and the expenditure. It tells where the individuals income will be utilized at the given period of time.
There are several evidence available that suggest that the Sochi Olympic was the failure. The budget estimation was the failure as cost went more then $50 billion.
One of the other evidence was the corruption in the several area such as infrastructure, buildings, and roads etc which ended up with highly inflated price tags.
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Starbucks – a matter of ethics!
Question 1. Encouraging Ethical Conduct: Did Johnson openly acknowledge that his decision was based in ethics and morality? Did his apology and actions promote awareness of an ethical issue? Did it create a positive or negative difference in the communities Starbucks serves? Did it make a positive or negative difference for Starbucks employees and customers?
Question 2. Showing Discipline in One’s Role: Does Johnson explicitly accept responsibility for the incident and provide direction for a course correction? Does he identify ways to collaborate with others when necessary? Does he show he understands what his role is in fixing this problem?
Question 3. Clarifying Culture: Did Johnson clarify his values and the company’s values in his apology and with his subsequent actions? Did Johnson’s apology and follow-up actions uphold Starbucks’ mission and core values? Did he identify gaps between stated and actual values? Did Johnson’s apology help Starbucks employees figure out if their personal values align with the company’s?
Question 4. If you were the CEO of Starbucks, what would you do after such an incident?
Yes , Johnson was known to have openly acknowledge that his decision was based in ethics and morality as he talked about Starbucks policy that is made to help keep the third place environment in line with their mission.
Did his apology and actions promote awareness of an ethical issue?Yes, Johnson’s apology is one that calls for awareness regarding the issue as he did apologized to the two men who were involved in the case and also carried on some changes to prevent such scenarios from ever occurring again.
Did it create a positive or negative difference in the communities Starbucks serves?The new policy did make a positive atmosphere in the community as it created a free society where people can study, work and also socialize while option to buying coffee or food.
Did it make a positive or negative difference for Starbucks employees and customers?Yes, it also created a positive difference for Starbucks customers and employees as it portrays a friendly, safe, and welcoming environment set up already for consumers and a place where people can take a nap without any having any set backs. Employees were also given "unconscious bias training" that will be beneficial for the company.
Did his apology and actions promote awareness of an ethical issue?In the issue with Starbucks, Johnson made an apology and the actions is one that boast awareness in regards to ethical issue. In the apology made by him, one can say yes, it formed a positive or negative difference in the communities where Starbucks is.
Does Johnson explicitly accept responsibility for the incidentYes, Johnson explicitly took responsibility for the incident and he also apologizing and told the newsmen that the video was "hard to watch" since the treatment of the black men was unfair and should not have occurred in that way.
Does he identify ways to collaborate with others when necessary?He did identify ways to work collaborate with others when necessary as he meant with the two men involved in the case and also organize a training for his employees.
Does he show he understands what his role is in fixing this problem?Yes he does this is because he made every effort to deflate the issue and also prevent it from every occurring again.
Did Johnson’s apology and follow-up actions uphold Starbucks’ mission and core values?Johnson’s apology and follow-up actions is one that uphold Starbucks’ mission and core values as he did investigate what happened and implement the right thing to do in such situation.
Did Johnson clarify his values and the company’s values in his apology and with his subsequent actions?In course of issuing his apology, Johnson did clarify his values and the values of the company as he made effort for the training of the staff again and going to Philadelphia to speak to the two men who were involved in a dialogue.
Did he identify gaps between stated and actual values?Yes he did he identify gaps between stated and actual values as he talks about what the company stands for and others.
He finds the gaps between stated and actual values and his apology did help Starbucks employees figure out if their personal values align with the company’s as they were said yo be given training again.
If you were the CEO of Starbucks, what would you do after such an incident?If I am the CEO, I will makes sure to take the right steps immediately as Johnson delayed a little bit and as such people protested. I will keep the people up to date with information regarding how the issue is been handled.
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6. Respond to the following prompts about the goals and effects of government spending on the
economy. (20 points)
Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.
What is government?
The term "Government" is legal authority or system which is controlled by office, public sector, country and state.
The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.
Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.
As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.
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Assume that you are a project manager who has to deliver a poster to a client in four days. Write a report on the tasks that you perform
As a project manager, firstly create a plan for the project idea, then Build and Manage the Dream Team for the poster, Manage the Money. Resolve Emerging Issues which occurring during the poster making.
What do project manager's key roles and responsibilities?Project managers take the lead in organizing, carrying out, overseeing, controlling, and wrapping up projects.
They are supposed to keep everyone informed and pleased while completing a project on schedule, within their allocated budget, and according to the project brief.
Thus, As a project manager, firstly create a plan for the project idea,
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Company Q incurred manufacturing costs for the year as follows:
Direct materials Sh 10/unit
Direct labour sh 7/unit
Manufacturing overheads:
Variable sh 3/unit
Fixed Sh 7,500
Variable selling and administrative expenses sh 2,000
Fixed selling and administrative expenses sh 4,000
The company produced 1,500 units (the normal level of production) and sold 1,000 units at Sh 45 per unit. Assume that the production manager is paid a 15 per cent bonus based on the company’s net income.
Required:
(a) Prepare an income statement under absorption costing.
The Net income of the Income statement under the absorption costing equals Sh 14,000.
What is Direct materials?= 1,000 x 10
= Sh 10,000
What is Direct labor?= 1,000 x 7
= Sh 7,000
What is Variable manufacturing overhead?= 1,000 x 3
= Sh 3,000
What is Fixed manufacturing overhead= 1,000 x (7,500 / 1,500)
= Sh 5,000
Company Q
Income Statement
Revenue (1,000 x 45) 45,000
Cost of goods sold:
Direct materials 10,000
Direct labor 7,000
Variable Manufacturing overhead 3,000
Fixed manufacturing overhead 5,000 (25,000)
Gross Margin 20,000
Variable Selling and admin expenses 2,000
Fixed Selling and admin expenses 4,000
Total Selling and admin expenses (6,000)
Net Income 14,000
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Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plans to help them make decisions. Which of the following activities would help engineers get in touch with their left brains? Check all that apply.
The activities that would help engineers to get in touch with their left brains are:
Have the engineer set goals for attaining their tasksWhat does the left part of the brain do?This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.
The engineer would be have to get in touch with their left brains through the setting of goals.
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Why is it important to discuss promptly the results of a supplier visit or survey with the supplier? If a supplier has a weak area, under what conditions would supplier development be appropriate?
Answer:
Unless we share the result with the provider, they will not be able to get it the issues which we are confronting and hence, circumstance will get even more regrettable within the days to come.
Explanation:
It is imperative to examine the result of a provider visit to a supplier since provider must know what are the problems which you're confronting whether it is in terms of quality of item or opportuneness of conveyance or fetched brought about etc.
a) On the off chance that you gave late input to a provider, at that point the greatest impediment would be that he would have as of now dispatched the dispatch and the issues which you had in terms of taken a toll or quality will not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. In order to anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. You ought to moreover donate a few kinds of a caution to him that in case the same sorts of botches are rehashed once more, the contract would get cancelled.
b) There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. Marlin Steel tracks provider execution utilizing an altered program he made in QuickBooks Venture Arrangements bookkeeping programming, the Fabricating and Discount release. You can make a diagram where you ask that you possess agents reply to addresses and to rate suppliers and providers. You'll study what number of medicinal exercises you required to issue a supplier or dealer, what number of things you required to scrap or return in light of the reality that the supplier or provider dismissed to meet particulars, or what number of clients protests you got since of a loathsome portion or organization from a dealer. You moreover can screen suppliers and venders by doing a survey sometimes.
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Without our sharing the results with the supplier, they won't be able to understand the problems we are having, which will make the situation even more unfortunate in the days to come.
The issue that needs to be addressed with the supplier.
The outcome of the provider's visit to the supplier must be carefully considered since the provider has to be aware of any issues you may be having with the item's quality, the timing of its delivery, the cost of having it fetched, etc.
If you provided a provider with late input, the biggest obstacle would be that he would have already sent the delivery and any problems you had with cost or quality would have already occurred. not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. To anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. You can make a diagram where you ask that you possess agents to reply to addresses and to rate suppliers and providers. You moreover can screen suppliers and vendors by doing a survey sometimes. Respond to addresses, and rate vendors and service providers. Furthermore, you might occasionally conduct a poll to evaluate vendors and suppliers.To learn more about supplier groups, refer to
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(−2,6) and (−12,2)? Write your answer in simplest form.
The addition of the decimal number that's given will be -14.8
How to calculate the decimals?It should be noted that decimal numbers are the numbers that have a whole number and the fractional part is separated by a decimal.
In this case, the addition will be:
= -2.6 + (-12.2)
= -2.6 - 12.2
= -14.8
In conclusion, the correct option is -14.8.
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Natural monopolies are usually set up in order to:
A. earn profits for shareholders.
B. increase market competition.
C. provide a public service.
D. avoid government regulations.
Answer:
I believe the answer is D
Company Co. has 1,000 employees and it decides to grant each of the employees 200 share
options as part of its new rewards plan. The options are exercisable over 5 years and subject only
to the condition that the company's stock price must be at least 30% higher than its original issue
price. Company Co.'s share-based payments are subject to:
Service and market performance conditions
Service condition
Non-vesting condition
Non-market performance conditions
Company Co's share-based payments are subject to Non-vesting conditions. Hence, Option C is the correct statement.
What are share-based payments?Share-based payment agreements are transactions wherein a third party is entitled to acquire equity instruments of the entity (or any other institution entity) or cash amounts primarily based totally on the cost of such equity instruments in exchange for items or services.
Hence, Company Co's share-based payments are subject to Non-vesting conditions. Option C is the correct statement.
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A profit-maximizing monopolist will set its price:
1 as far above ATC as possible.
2 along the elastic portion of its demand curve.
3 where the marginal cost curve intersects the demand curve.
4 as close as possible to the minimum point of ATC
A profit-maximizing monopolist will set its price along the elastic portion of its demand curve. Thus the correct answer is option 2.
What is monopolist?When any market is ruled and regulated by individual identity for a particular commodity or service is referred to as a monopolist. Due to the absence of alternatives and competition, the monopolist is able to set high prices because they have sufficient market power.
The decision that will maximise profits for the monopoly is to produce at the level of output where marginal revenue equals marginal cost. This market monopolist will set their prices based demand curve proportion of elasticity.
Therefore, option 2 along the elastic portion of its demand curve is the appropriate answer.
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