Yoshiko is conducting on-the-job training for the new daytime clerk. On-the-job training (OJT) is a type of training where employees learn job skills and knowledge by performing tasks under the guidance and supervision of experienced employees or trainers.
It is a form of informal training that occurs in the workplace and is often conducted by supervisors or other experienced employees. On-the-job training is a common type of training used by many organizations for several reasons. First, it is often less expensive than formal training programs, such as workshops or seminars, because it occurs in the workplace and does not require travel or additional resources. Second, OJT allows employees to learn job skills and knowledge in the context of their actual work environment, which can help them understand the specific requirements and expectations of their job. Finally, OJT provides an opportunity for experienced employees to share their knowledge and expertise with newer employees, which can promote team building and improve overall performance. In the case of Yoshiko's greeting card store, on-the-job training is an effective way for the new daytime clerk to learn the specific skills and knowledge required to perform their job. By working alongside Yoshiko and observing her techniques, the new clerk can learn about customer service, product placement, and other aspects of the store's operations. OJT can also help the new clerk to understand the store's culture and values, which can be important for building a positive work environment and promoting teamwork. Overall, on-the-job training is a valuable tool for organizations to train and develop their employees.
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Lakeland Heating & Cooling installs and services commercial heating and cooling systems. Lakeland uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800. It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs: E(Click the icon to view the jobs.) Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours?
Lakeland's predetermined overhead rate based on direct labor hours is 16 per direct labor hour.
At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800.
It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs.
Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs.
Predetermined overhead rate based on direct labor hours = Lakeland estimated that its overhead for the coming year/Direct labor hours
Predetermined overhead rate based on direct labor hours = 4,800/4,050
Predetermined overhead rate based on direct labor hours = 16 per direct labor hour
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as discussed in law of one price, we know that two same commodities must sell at same price. why is it? what would happen if two same commodities have different prices?
This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage.
According to the Law of One Price, in an efficient market, identical goods must have the same price. This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage, where individuals could buy the commodity at the lower price and sell it at the higher price, earning a profit in the process.
For example, if a can of soda is selling for $1 at one store and $1.50 at another store, individuals could buy the soda at the first store for $1 and sell it at the second store for $1.50, earning a profit of $0.50 per can. This process would continue until the prices of the soda cans at both stores were the same.
If two identical commodities have different prices, it would lead to arbitrage opportunities, and individuals would buy the commodity at the lower price and sell it at the higher price, eventually driving the prices of the commodity to be the same. This would lead to an efficient market where identical goods have the same price.
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A company's january 1, 2022 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During january 2022, the company completed the following transactions: (a) paid a note payable using $12,500 cash (no interest was paid); (b) collected a $11,500 accounts receivable; (c) paid a $5,500 accounts payable; and (d) purchased a truck for $5,500 cash and by signing a $22,500 note payable from a bank. The company's january 31, 2022 balance sheet would report which of the following?
The company's January 31, 2022 balance sheet would report total assets of $159,500 and total liabilities of $77,000. This is because of the following transactions that were completed during the month of January:
Therefore, total assets would increase by $11,500 + $5,500 =
, respectively.
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which of the following statements is not correct about the capital allocation line (cal)? question 6 options: one can achieve the maximum possible return along the capital allocation line by investing 100% in the risky asset. the slope of the capital allocation line is the sharpe ratio. it is a plot of risk-return combinations available by varying allocation between risky and risk-free assets. capital allocation line using the market index portfolio as the risky asset is called the capital market line (cml).
One can achieve the maximum possible return along the capital allocation line by investing 100% in risky assets is not correct. A line that graphically displays the risk-and-reward profile of assets is called the capital allocation line (CAL), and it can be used to determine the ideal portfolio.
The capital allocation line (CAL), using the market index portfolio as the risky asset is also called a capital market link (CML), this is a line formed on a graph of all feasible mixtures of risk-free and risky assets. The graph represents the return investors' sway probably earn by expecting a specific level of risk among their investments. The slope of the capital allocation line is the Sharpe ratio. It is called the Sharpe Ratio (SR), which measures the performance of the securities compared with risk-free assets. If the SR is above the CAL, then it is advised to buy the assets if it is below CML then sell them. The higher the slope, the higher the expected return of taking risks.
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Transcribed image text: > Question 9 One would speak of a movement along a supply curve for a good, rather than a change in supply, if o the cost of producing the good changes. O supplier expectations about future prices change. the price of the good changes. O prices of substitutes in production change.
One would speak of a movement along a supply curve for a good, rather than a change in supply, if the price of the good changes.
A movement along a supply curve occurs when there is a change in the price of the good. In this case, suppliers respond to the price change by adjusting the quantity of the good supplied, but there is no shift in the entire supply curve. If the cost of producing the good changes, there would be a shift in the supply curve, as suppliers would need to produce a different quantity of the good at every price level. Similarly, if supplier expectations about future prices change or if the prices of substitutes in production change, there would be a shift in the supply curve, rather than a movement along it.
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vincent invested $3,000 in a regular savings account that paid compound interest at a rate of 2.75% per year, compounded quarterly. how much was his investment worth in three years?
The correct answer is $3,257.08. vincent invested $3,000 in a regular savings account that paid compound interest at a rate of 2.75% per year, compounded quarterly.
The future value of a loan or investment may be determined using the formula FV = P*(1+R/N)(N*T), where FV is the future value, P is the original principle, R is the yearly interest rate, N is the number of times interest is compounded annually, and T is the length of time in years. Therefore, when compounded continually, it will take around 36.62 years to treble the investment. It is computed by adding the yearly interest rate increased to the number of compound periods and subtracting one after multiplying the initial principal amount by one. The resultant value is subsequently deducted from the loan's entire original amount. P stands for principle, I stands for interest rate, and n stands for compounding periods.
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T
Q
M
is a management philosophy of delighting customers with superior products and services by continually setting higher goals and improving every business function
According to the TQM management philosophy, every aspect of the company should be improved in order to satisfy customers with greater goods and services.
Definition of management philosophyA statement or strategy that influences how a manager leads a team and makes choices is known as a management philosophy. Best management practices are determined by these ideas, which also aid in giving an organization structure and clarity.
Which three management philosophies are there?All three management theories are as follows: Classical management theory, developed in the 1900s, behavioral management theory, developed in the 1910s, & modern management theory make up the three main categories of management theory (1940s).
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refer to the table above: which of the following statements is correct? group of answer choices the opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced. the opportunity cost of a dozen cookies increases as more cookies are produced. the opportunity cost of a dozen cookies decreases as more cookies are produced. the opportunity cost of a pound of coffee decreases as more coffee is produced.
2. The opportunity cost of a dozen cookies increases as more cookies are produced is correct.
The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity.
More specifically, it indicates that if you choose one activity (for example, an investment), you are foregoing the potential to pursue something else. The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activities.
For example, if you buy a car and use it solely for personal transportation, you cannot rent it out, and if you rent it out, you cannot use it for personal transportation.
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Correct question:
Cookies (in dozens) Coffee (in pounds)
1000 0
800 350
600 650
400 800
200 1000
0 1150
The table shows one set of production possibilities. Which one of the following statements is correct?
1. The opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced
2. The opportunity cost of a dozen cookies increases as more cookies are produced
3. The opportunity cost of a dozen cookies decreases as more cookies are produced.
4. The opportunity cost of a pound of coffee deceases as more coffee is produced
i bought a car 5 years ago for $10,000. now, it is worth $5,000. i sell this car in 2012. by itself this transaction that occurred in 2012 would ?
By itself this transaction that occurred in 2012 would option C. Not count in the 2012 GDP.
The market value of all the final goods and services produced and sold (not resold) in a given time period by countries is measured in dollars using the term "gross domestic product" (GDP).
This measurement has undergone many various revisions in history before it could be trusted as an indicator because of how complicated and arbitrary it is for understanding.
However, GDP per capita does not account for variations in the cost of living and the rate of inflation of the various nations; as a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market.
The contribution of each industry or sector of the economy to the total GDP can also be determined. The per capita GDP of the area is calculated as it is divided by the total population.
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Note that the full question is:
i bought a car 5 years ago for $10,000. Now, it is worth $5,000. I sell this car in 2012. By itself this transaction that occurred in 2012 would_______?
A. Count in the 2012 GDP and decrease it.
B. Be included in the 2012 GDP, but the impact is uncertain.
C. Not count in the 2012 GDP.
D. Count in the 2012 GDP and increase it
if $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be
If $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be 11.1%.
The interest rate is the amount/money that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual percentage rate (APR).
Interest rates may also apply to amounts derived from a bank or credit union savings account or certificate of deposit (CD). Annual Rate of Return (APY) refers to the interest earned on these/the deposit accounts.
Interest rates are therefore applicable to most loans or lending transactions. Individuals borrow money to buy a home, finance a project, start or finance a business, or pay for college tuition.
Businesses borrow to finance capital projects and purchase fixed and long-term assets such as land, buildings and machinery to expand their operations.
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the returns on the common stock of highlander inc. are cyclical. in a booming economy, the stock is expected to return 23% in comparison to 14% in a normal economy and 2% in a recessionary period. the probability of a recession is 12% while the probability of a boom is 22%. what is the standard deviation of the returns on this stock?
The standard deviation of the returns on this stock is 9.41%.
The standard deviation of the returns on the stock of Highlander Inc. can be calculated as follows:
σ = √[(2% - 14%)² x 0.12 + (14% - 23%)² x 0.22 + (23% - 14%)² x 0.66]
We can write percentage as
σ = √[(2/100 - 14/100)² x 0.12 + (14/100 - 23/100)² x 0.22 + (23/100 - 14/100)² x 0.66]
σ = √[(0.02 - 0.14)² x 0.12 + (0.14 - 0.23)² x 0.22 + (0.23 - 0.14)² x 0.66]
σ = √[(-0.12)² x 0.12 + (-0.09)² x 0.22 + (0.09)² x 0.66]
σ = √[0.0144 x 0.12 + 0.0081 x 0.22 + 0.0081 x 0.66]
σ = √[0.001728 + 0.001782 + 0.005346]
σ = √(0.008856)
σ = 0.0941
σ = 9.41%
So, the standard deviation of the returns on this stock is 9.41%.
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which of the following statements concerning operations and supply chain management is true? group of answer choices operations management is the term used to describe how a company is linked to its suppliers, distributors, and customers. information, materials, and intangible needs are three examples of inputs to the transformation process. operations management decisions refer only to immediate issues, such as determining the best way to fill a current customer request. when referring to operations as a transformation process, the only possible output is a tangible good.
is accurate in relation to operations and supply chain management set of potential solutions The phrase "operations management" refers to a company's relationships with its distributors, suppliers, and clients.
The process known as supply chain management (SCM) in business entails procurement (purchasing raw materials/components), operations management (ensuring the production of high-quality products at a high rate with good flexibility and low production cost), logistics, and marketing channels in order to transform raw materials into finished goods and deliver them to customers. . This can include the movement and storage of raw materials, inventories of finished goods and works-in-progress, and the entire process of fulfilling orders. Three examples of inputs to the transformation process are information, materials, and intangible demands. Decisions in operations management only deal with urgent matters, including choosing the most effective method to fulfil a recent customer request. The only potential result when considering operations as a transformation process is a tangible good.
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which of the following includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles in the maintaining of the natural environment? question 1 options: competitive advantage marketing sustainability greenwashing risk analysis
In order to protect the natural environment, sustainability involves evaluating and improving company strategies, economic sectors, labor practices, technologies, and lifestyles.
What three qualities distinguish environmentally sustainable companies?A green company ought to help charitable causes.
Limit Your Dependence on Natural Resources.
Use recycled goods.
Material reuse.
Purchase Fairtrade goods.
Produce Products in Nations With Strict Environmental Regulations.
Spend money on eco-friendly packaging.
What program awards sustainable building techniques and methods?A green building certification program known as LEED, or Leadership in Energy & Environmental Design, honors best-in-class construction methods and procedures.
Which of the following laws focuses on lowering pollution through economically sensible adjustments to how production is run and how raw materials are used?By cost-effective modifications to production, operation, and raw material use, the Pollution Prevention Act focused industry, government, and the general public's emphasis on minimizing the amount of pollution.
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play it again sells a unique and vast assortment of sheet music. its customers are high school and college band directors and choir directors who require several copies of the same music, including music written for a variety of instruments. to buy inventory for resale, the business seeks out wholesalers with large inventories. since cash flow is always an important concern, the owner keeps a watchful eye on how quickly various genres of sheet music sell. to help him in this assessment, which ratio would be an important part of this company's financial analysis?
Play it Again, as a retailer of sheet music, an important ratio that could help in assessing the company's financial performance is inventory turnover ratio.
Inventory turnover ratio measures the number of times the company sells and replaces its inventory during a given period. It is calculated as
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
This ratio indicates how efficiently the company is managing its inventory and how quickly it is selling its products. For Play it Again, where cash flow is an important concern, a high inventory turnover ratio would be desirable, as it would indicate that the company is selling its products quickly and is not holding onto excess inventory for an extended period. Additionally, by tracking the inventory turnover ratio for different genres of sheet music, the owner could identify which types of music are selling more quickly than others and adjust the purchasing of inventory accordingly.
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Identify the negative consequences of establishing a price floor on milk. Negative Consequence Drag appropriate answer(s) here + Consumers will demand higher-quality milk as they are forced to pay more. There will be a surplus of milk. - + There will be a decrease in the quantity of milk demanded Sellers will be tempted to engage in illegal activity to recoup some of their costs due to milk that went unsold. Drog appropriate answer(s) here Not a Negative Consequence
A price floor is a cap placed well above equilibrium price point to stop vendors from overcharging customers.
What is an example of a consumer?Consumers are any person or entity who uses an item or service in its entirety. a customer who pays for a hairdresser to style and cut their hair. a company that buys a printer to use in the office.
Amount provided always surpasses quantity requested in the market when a pricing system is placed on any item or service.
Due to the large number of unsold properties, this will result in an excess supply of goods on the market.
The producers may even engage in unlawful activity to sell their remaining units in order to profit.
Based on the justification provided, we may categorize the negative and positive effects of a minimum price on milk as follows:
detrimental effects
1. There will also be a milk surplus.
2. The amount of milk that is desired will decline.
3. Due to the unsold milk, sellers may be encouraged to do illicit behavior in an effort to recover part of their expenditures.
Not a bad outcome
1. As consumers are compelled to pay more, they will expect milk of a higher caliber.
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which type of lack of capacity is easiest to prove? intoxication mental incompetence contracting for necessities minor status assessment question samuel has mental competency issues. samuel entered into a contract with beth, but now samuel is petitioning the court to terminate the contract. what options does the court have in ruling in the case? choose 2 answer choices. the contract is void if samuel was incompetent at the time the contract was formed. the contract is void if samuel has been previously determined to be mentally incompetent. the contract is voidable if a court has previously determined samuel to be mentally incompetent. the contract is voidable if samuel was incompetent at the time the contract was formed.
Options 1 and 2 are correct. Mental incapacity or incompetence refers to a person's inability to enter into a contract due to mental illness or intoxication and is the easiest to prove as a lack of capacity.
There are a couple of reasons an individual lack the capacity to go into an agreement. Minors, the insane, and people who are inebriated or drug-dependent are for the most part rejected from going into lawful arrangements. Mental incapacity just implies that an individual doesn't have the capability to go to an agreement. Notwithstanding inebriation, mental insufficiency can result from psychological maladjustments, like schizophrenia, infirmity, and, surprisingly, bipolar condition.
Most courts view contracts with people of Mental incapacity as voidable agreements, or agreements that might be voided by the weakened party. Yet, an individual can't simply make a case of mental insufficiency. There are two tests used to assist with deciding if involved with an agreement is unequipped to satisfy its commitments: a mental or emotional test, or an inspirational test. The court will oversee a mental or full-of-feeling test to decide if the individual grasps the agreement language and the results of going into the agreement.
In some cases, the individual grasps the language and the outcomes, so the court will test persuasive explanations behind going into the agreement. The test might demonstrate a condition like an insanity or preposterous reasoning as an inspiration. On account of an inebriated individual, the court views different things also.
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Correct Question -
which type of lack of capacity is easiest to prove?
1. intoxication
2. mental incompetence
3. contracting for necessities
4. minor status
if a clinician is informed that a prospective client, who is seeing things that are not actually there, is african-american and in a lower income bracket, the clinician may be more likely to
If a clinician is informed that a prospective client, who is seeing things that are not actually there, is African - American and in a lower income bracket, the clinician may be more likely to suggest a diagnosis of schizophrenia.
What does the term "prospective client" mean?
The target market for which you develop goods or services is comprised of potential clients. They've become your leads even though they haven't yet made a purchase from you.
And if you effectively set up your advertising initiatives, they will turn into your customers.
What distinguishes a prospect from a customer?
Except for the following variations, customers and prospects are nearly identical: Customers that have made genuine purchases from your company are represented in customer accounts.
Accounts that are considered prospects are those for which you may have produced estimates but for which no orders have yet been placed.
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c. d. rom has just given an insurance company $38,500. in return, he will receive an annuity of $5,000 for 20 years. at what rate of return must the insurance company invest this $38,500 in order to make the annual payments? (do not round intermediate calculations. round your final answer to 2 decimal places.)
The insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
How do you calculate the rate of return?We can use the present value of an annuity formula to find the rate of return that the insurance company must earn to make the annual payments:
PV = PMT x [1 - (1 + r)^(-n)] / r
where PV is the present value of the annuity, PMT is the annual payment, r is the interest rate, and n is the number of years.
Plugging in the given values, we get:
$38,500 = $5,000 x [1 - (1 + r)^(-20)] / r
Simplifying the right-hand side of the equation, we get:
$38,500 = $5,000 x [(1 - (1 + r)^(-20)) / r]
Multiplying both sides by r, we get:
$38,500r = $5,000 x [1 - (1 + r)^(-20)]
Expanding the right-hand side of the equation, we get:
$38,500r = $5,000 - $5,000(1 + r)^(-20)
Adding $5,000(1 + r)^(-20) to both sides, we get:
$38,500r + $5,000(1 + r)^(-20) = $5,000
Multiplying both sides by (1 + r)^20, we get:
$38,500r(1 + r)^20 + $5,000 = $5,000(1 + r)^20
Dividing both sides by $5,000, we get:
7.7r(1 + r)^20 + 1 = (1 + r)^20
Using trial and error or a calculator, we can solve for r to get:
r = 0.0646
So the insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
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an account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a
The correct option is B. An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a Contra account.
In accounting, a contra account is a type of account that is used to reduce the balance of another account. Contra accounts are used to track transactions that offset the balance of another account, such as returns, allowances, or discounts. A common example of a contra account is the allowance for doubtful accounts, which is used to reduce the balance of accounts receivable to reflect the amount that is unlikely to be collected.
Contra accounts are used to provide a more accurate representation of the financial position of a company. By reducing the balance of an account with a contra account, the company can better reflect the true value of the account. Contra accounts are also used to provide more detail on the nature of the transaction that is being recorded. They allow accountants to separate different types of transactions and provide more information about the financial position of a company.
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Complete Question:
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n):
A) Accrued account.
B) Contra account.
C) Temporary Account.
D) Clearing account.
E) Permanent Account.
the real estate manager of a commercial building needs to fill three empty spaces. the options for each store are:
Three voids must be filled in the commercial building housing the grocery shop.
Why do you use the term "commercial"?Anything that is commercial is typically related to business or commerce. A infomercial is a piece of business advertising. Selling services or items for a profit is said to it as trade. Also, commercial trading is done in the forward and financial markets, usually for hedging purposes.
Does "commercial" imply "price"?Advert Costs refers to the internal costs and funds paid to third parties expended by or on service of a Party or its Parties in carrying out the Corporatization to the extent relevant to the Licensed Product as an expense in line with U.S. commonly accepted accounting principles.
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what percentage of hardwood exports come from developing (periphery) countries and what percentage comes from developed (core) countries
Out of the total export of wood around 40% comes from developed countries and 15% comes from developing countries
Exports are crucial to the marketing of democracies because they provide individuals and companies with access to a larger market for their goods. One of the most important functions of international relations and diplomatic ties between governments is the promotion of commercial trade by encouraging exports. Exporting to new markets can boost sales and profitability and even provide businesses the chance to win a sizable share of the world market. Businesses that often export are frequently more unstable financially. Because they raise the gross domestic product of the exporting country, exports are essential to that country's economy.
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True or false? When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should compare the additional benefits of the second car with the additional cost of the second car.
True. When making a decision to buy a second car or any other economic decision, the economic way of thinking indicates that one should compare the additional benefits of the second car with the additional cost of the second car.
This is known as a cost-benefit analysis, which helps individuals and businesses make informed decisions based on weighing the pros and cons of a particular choice.
What is cost benefit analysis?
Cost-benefit analysis (CBA) is a technique used to evaluate the potential benefits and costs of a proposed project or policy. It is a systematic process that involves identifying, measuring, and comparing the expected benefits of a project or policy with its expected costs.
The goal of CBA is to determine whether the benefits of a project or policy outweigh its costs, and to provide decision-makers with a quantitative basis for evaluating alternative options.
The benefits and costs can be both monetary and non-monetary, and are usually expressed in terms of present value to account for the time value of money.
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which of the statements below summarizes what the acid-test ratio measures? multiple choice question. the acid-test ratio measures the profitability of a company. the acid-test ratio measures the marketability of a company's merchandise. the acid-test ratio measures the efficiency of capital spending. the acid-test ratio measures a merchandiser's ability to pay its current liabilities.
The statement that summarizes what the acid-test ratio measures is: "The acid-test ratio measures a merchandiser's ability to pay its current liabilities."
What is acid test ratio ?The fast ratio, commonly referred to as the acid-test ratio, gauges a company's capacity to settle its current debts with its current assets minus inventories. The acid-test ratio offers a more conservative measure of liquidity than other ratios that take inventory into consideration by concentrating primarily on the company's most liquid assets (such as cash, marketable securities, and accounts receivable). The corporation is better able to fulfil its short-term obligations if the acid-test ratio is higher.To know more about acid test ratio , check out :
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if the demand for a good is relatively inelastic, this means that consumer purchases of the good are group of answer choices not very sensitive to the price of the good. highly sensitive to the price of the good. unrelated to the price of the good. unaffected by changes in the income level of consumers.
The correct option is: Not very sensitive to the price of the goods. The given demand curve shows inelastic demand, which shows that a greater change in price is influencing a lesser measure of amount demanded.
Inelastic demand in financial matters happens when the demand for an item doesn't change as much as the price.
A lofty demand curve graphically addresses inelastic demand. The more extreme the curve, the more inelastic the demand for that item or administration is.
Inelastic demand applies to items that are not really receptive to price changes, like fuel or physician endorsed drugs.
Elastic demand happens when the proportion of amount demanded to price is mutiple. For instance, assuming the price dropped 10%, and the sum demanded rose half, the proportion would be 0.5/0.1 = 5. On the flip side, assuming the price dropped 10%, and the amount demanded didn't change, the proportion would be 0/0.1 = 0. That is known as being "perfectly inelastic".
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You go to a restaurant and order a big meal. Even though you're full, you keep eating because it was expensive. This is an example of...
This is an example of sunk cost. A sunk cost, also known as a retrospective cost, is a previously made investment that cannot be recovered.
Sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, and facility expenses. A sunk cost is money that has already been spent and cannot be recovered. The sunk cost investment reflects the axiom that one must "spend money to make money" in business.
The sunk cost fallacy occurs because our emotions frequently cause us to deviate from rational decisions. Giving up on a project after committing to it and investing resources in it is likely to result in feelings of guilt and waste.
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The United States has had a trade deficit since 1975 because Blank______. Multiple choice question.
Answer: The united states has had a trade deficit since 1975 because: It bought more goods from other nations than it has sold.
Explanation:
Name and describe four trade barriers.
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
an owner installs an antique fireplace in their living room. the cost is $20,000, but it only adds $7,000 in appraised value to the property overall. the homeowner is frustrated as they expected the added value to be at least equal to installation costs. which economic principle is demonstrated here?
From the given information, the economic principle demonstrated in this scenario is the principle of diminishing marginal utility.
The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility that they derive from each additional unit of the good or service tends to decrease. In other words, the more of a particular good or service a person has, the less valuable each additional unit becomes.
In this scenario, the homeowner may have assumed that the installation of an antique fireplace would add value to their property at a rate that is equal to the cost of installation. However, the appraised value of the property increased by only $7,000, which is significantly less than the installation cost of $20,000. This discrepancy demonstrates that the homeowner may have overestimated the marginal utility of the antique fireplace, and that the value of each additional unit (in this case, each additional dollar spent on the fireplace) decreased as more was consumed (installed).
Therefore, the principle of diminishing marginal utility is at play, and the homeowner has experienced a situation where the added value of a good or service did not increase at the same rate as the cost of the good or service.
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Answer:
The economic principle demonstrated here is the Law of Diminishing Returns, which states that each additional input in a production process yields smaller and smaller returns. In this case, the homeowner invested $20,000 in the fireplace, but only received an additional appraised value of $7,000. This demonstrates that investments in certain goods can yield diminishing returns over time.
on september 30, the manager reports that call center hold times for the summer construction season averaged 42 seconds, with 30 percent of all calls not being put on hold at all but 2 percent of calls exceeding 90 seconds of hold time. the plan is rated mostly successful. developing an action plan b. on april 1, the manager sees that nine contingent call center workers have been hired and completed training. on june 30, call center data show 5 percent of calls are on hold for more than 90 seconds. reviewing progress c. based on data on how long people wait before hanging up, the manager decides the maximum time on hold should be 90 seconds. appraising performance d. a pool of twelve contingent call center workers who work at home will be hired and trained before april 15. these employees can be activated anytime hold times threaten to exceed 90 seconds.
The management appears to be doing something about the call center hold times during the summer construction season.
How can it be explained in detail?a. As of September 30, the management states that the summer construction season's standard hold time was 42 seconds. Setting a baseline against which to gauge progress using this data is helpful. 30% of callers were not put on hold at all, which is encouraging, but the 2% of calls that lasted longer than 90 seconds raises questions.
b. The manager hires and trains nine temporary contact center employees on April 1. The call center's ability to handle incoming calls is increased, which is a step in the right direction towards solving the problem.
c.5% of callers on wait for more than 90 seconds, according to call center statistics from June 30. The 2% recorded on September 30 is slightly better at 1%, but this is still more than the manager's objective of limiting the maximum hold duration at 90 seconds. Based on information about how long callers wait before hanging up, the management decides to establish this as the maximum hold duration.
d. The manager intends to employ and train a group of twelve contract contact center employees who can work from home and be called upon when wait times are in danger of going above 90 seconds. This preventive measure ought to assist the call center in controlling surges in call volume over the summer construction season.
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which political ideology reflects the idea that a multinational enterprise is an instrument of imperialist domination? multiple choice pragmatic nationalism radical view planned economy mercantilism free market
As long as the advantages outweigh the drawbacks, FDI should be permitted.
Enhanced Employment and Economic Growth
To what does the stock of FDI refer?definition of FDI stocks. Foreign Direct Investment (FDI) stocks track the total level of direct investment at a specific time, typically the end of a quarter or a year. The value of resident investors' equity in and net loans to companies in other countries make up the outward FDI stock.
What is one of the primary advantages that FDI offers the home country?The most evident benefit of FDI is job creation. It is also one of the most significant causes for a country, especially a developing one, to seek out FDI. Increasing FDI promotes
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