The price elasticity of demand over that range is inelastic. It is because the score for price elasticity is 0,5.
A good's price elasticity of demand can be defined as a measure of how sensitive the quantity demanded is to its price. In the price elasticity method, quantity demanded falls for almost any good when the price rises, but it falls more for some than for others. A price elasticity can be classified into inelastic when the score between 0 and 1. When the score of price elasticity is higher than 1, so it can be classified into elastic.
The formula to calculate price elasticity is:
Price elasticity of demand = %Change in the quantity demand / %change in the price
Price elasticity = 5 % / 10 % = 0,5%
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suppose you have $5,000 in savings when the price level index is 100. instructions: round your responses to the nearest whole number. a. what is the real value of your savings if the price level increases by 10 percent for the year? $ b. what is the real value of your savings if, instead, the price level declines by 5 percent for the year?
The real value of savings if the inflation pushes price level by 10 percent is $4,545.45 and The real value of savings if the price level declines by 5 percent is $5,263.157.
The real value of savings if the inflation pushes price level by 10 percent is given by:= Amount of savings when the price level index is 100 / (1 + inflation
rate)
= 5000/(1+0.1)
= 4,545.45
The real value of savings if the price level declines by 10 percent is given by:= Amount of savings when the price level index is 100 / (1 - inflation rate)
= 5000/1 - 0.05
= 5,263.157
The term "inflation" refers to an increase in prices, which over time results in a loss of buying power. The average price rise of a basket of chosen goods and services over time can be used to determine the pace at which buying power is decreasing. A unit of money now essentially has less purchasing power than it had in earlier times due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterized by a drop in prices and a rise in buying power.Learn more about Inflation, here
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evaluation and control process can be defined as: question 7 options: determining how well the organization is meeting its goals annual reviews of employees' work efforts correcting problems within the company monitoring the use of technology predicting this year's sales figures
To make sure that performance levels don't deviate from the desired levels, evaluation and control should be regularly checked.
The process of evaluating a given strategy's efficacy in accomplishing organizational goals and taking appropriate corrective action when necessary is known as strategic assessment and control. By creating crisis management teams and contingency plans, control may be exercised.
Therefore, it's crucial for organizations to have evaluation and control systems in place to aid in tracking their performance. Establishing a strategic control mechanism as part of management allows firms to reconsider their strategies and move quickly in the event of unanticipated or undesirable results.
Evaluations also assist in identifying areas that require improvement and the steps required to get performance back in line with organizational goals. You attempt to take charge by putting strategies into place to help you get back on track after you have successfully evaluated the modifications necessary.
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In a retail business, the difference between the account balance of inventory and the inventory on hand is called a.inventory shrinkage. b.inventory reduction. c.adjusted inventory. d.cost of goods sold.
Every retail business must contend with shrinkage, and some companies attempt to offset the potential decline in revenues by raising the price of already-in-stock items.
Shrinkage: What Is It?
Inventory loss due to issues like employee theft, shoplifting, human mistake, vendor fraud, damage, and cashier error is known as shrinkage. Shrinkage is the discrepancy between the inventory that is recorded on a company's balance sheet and the inventory that really exists. The loss of inventory caused by this idea ultimately results in a loss of income, making it a major problem for retailers.
Why Is It Important to Understand Shrinkage?
The difference between the real (physical) inventory and the recorded (book) inventory is known as shrinkage. To keep track of the precise quantity of inventory that a merchant should have on hand, book inventory uses the dollar value.
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how does it benefit retailers when customerhow does it benefit retailers when customers order products online but pick them up in the store?s order products online but pick them up in the store? multiple choice question. it requires fewer allocation systems. it reduces the need to offer coupons. it allows for lower inventory levels. it leads to additional sales.
BOPIS is for reducing inventory levels. The abbreviation BOPIS means "buy online, pick up in-store."
Other names for the BOPIS approach include click and collect, curbside pickup, and ROPIS (reserve online, pick up in-store). With BOPIS, customers can avoid high shipping costs, protracted delivery times, and the need to ship back goods that don't fit or live up to their expectations.
The BOPIS model is being used by retailers all over the world to satisfy consumer expectations. This well-liked retail strategy combines online and in-person pickup to give customers the best of both worlds.
You may bridge the gap between the conventional brick-and-mortar and online purchasing experiences by offering the option to buy online and pick up in store.
The pandemic has sped up the increase of BOPIS sales revenue, which was already up an average of 35% during the 2019 holiday season.
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bruno's lunch counter is expanding and expects operating cash flows of $27,300 a year for 4 years as a result. this expansion requires $65,000 in new fixed assets. these assets will be worthless at the end of the project. in addition, the project requires $4,000 of net working capital throughout the life of the project. what is the net present value of this expansion project at a required rate of return of 14 percent?
The net present value of the expansion project is $2,889.50.
What is the net present value?Net present value is a capital budgeting method that is used to determine the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive net present value value should be undertaken. A project that has negative net present value is not a profitable venture.
Net present value can be calculated using a financial calculator
Cash flow in year 0 = $-65,000
Cash flow in year 1 - 4= $27,300 - $4,000 = $23,300
I = 14 %
NPV = 23,000 / 1.14 + 23,000 / 1.14² + 23.000 / 1.14 + 23,000³ / 1.14^4
NPV = $2,889.50
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dole, famous for its pineapple products and other fruit items is interested in identifying the characteristics of individuals who purchase their products as well as what influences their decisions. in general terms, this type of study or domain of knowledge is called:
As Dole is interested in identifying the characteristics of individuals who purchase their products as well as what influences their decisions, in general terms, this type of study or domain of knowledge is called consumer behavior.
In the field of business, we can describe consumer behavior as an elaborative study of the people or organizations that use a particular product.
Consumer behavior helps in analyzing what kinds of products are most likely to be brought by which type of consumers and the reasons behind this consumption of this behavior.
As Dole also looks at in detail about the individuals who make purchases of pineapple products and the reason for making this decision, hence he is studying consumer behavior.
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as a leader, robin has both high concern for people and high concern for production. her leadership style is best termed management. a. country club b. impoverished c. team d. middle of the road
The correct answer to choose is (d). As a manager, Robin is very concerned about both the people and the output. Team management is the best description of her leadership style.
What does "team management" mean?Both people and organizations share the ability to lead and coordinate a team of workers to execute a task. Working together, talking, setting goals, and reviewing performance are all part of team management.
Effective group management is facilitated by traits that team leaders possess. Emotional intelligence, communication, and decision-making are a few examples of skills. These qualities give managers the ability to lead personnel with confidence, reason, and empathy.
How is team management a skill?The skill of leading a group of people toward a task or common goal is referred to as team management. Effective team management necessitates motivating, communicating with, and supporting team members in order for them to perform to the best of their abilities and continue to advance as professionals.
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a career plateau is most likely to occur when: question 17 options: an employee starts learning new skills. organizations allow employees to use the strategy of job sequencing. an employee opts for phased retirement. opportunities to move up in an organization decrease.
A career plateau is more likely to occur when opportunities to move up in an organization decrease
What is a career plateau?Corresponds to a period of the career in which the employee has no prospects of climbing better positions in his professional life. This can be caused by several variables, which can be internal, that is, from the employee's own attitude, or external, which is related to the lack of opportunities at work.
Therefore, the career plateau is a condition that affects the employee's perception of his own career, which can generate discouragement and dissatisfaction with his own job function.
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you own three call option contracts on janecek stock with a strike price of $32 per share and an option premium of $.55 per share. what is the total intrinsic value of these options today if the stock is currently selling for $32.65 per share?
If the stock is currently trading at $32.65 per share, the total intrinsic value of these options is $195. Here, is the attached solution.
INTRINSIC VALUE= INTRINSIC VALUE PER UNIT*LOT SIZE*NO. OF LOTS
=0.65*100*3
=$195
What is Intrinsic Value?
An asset's value is determined by its intrinsic value. This metric is determined using an intricate financial model or an objective computation. The intrinsic value of an asset is distinct from its present market value. Investors can determine if an asset is overvalued or undervalued by comparing it to its current price.Cash flow is used in financial analysis to ascertain a company's or stock's intrinsic, or underlying, value. The difference between the option's strike price and the underlying asset's current market price is known as the intrinsic value in the pricing of options. Calculating intrinsic, or true, value can be done in a variety of methods.Many intrinsic value employ discounted cash flow analysis.To know more about Intrinsic Value visit:
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a bond with 14 years to maturity and a coupon rate of 3.375 percent has a yield-to-maturity (ytm) of 4.5 percent. assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely:
Assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely decrease.
What Do Bonds Mean?Bonds are fixed-income securities that reflect loans from investors to borrowers, usually corporate or governmental. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower.
If time is changing, then:
Bonds with higher yields to maturity than coupon rates will appreciate in value.Bonds will lose value if the yield to maturity is less than the coupon rate.Bonds with yields equal to their coupon rates will always be priced at 100% of their face value.To learn more about fixed-income securities, visit:
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A monopolistically competitive firm earning profits in the short run will find the demand for its product decreasing and becoming more elastic in the long run as new firms move into the industry until?.
This same firm's demand curve is digression to its total cost curve.
What is demand?
Demand is an economic term that refers to a person's willingness to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good as well as service rises, the quantity demanded falls. Similarly, lowering the price of a good as well as service raises the quantity demanded.
Demand is a concept that both consumers and businesses are familiar with as it makes perfect sense as well as occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.
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tiffany scott puts $8,000 into a load mutual fund. she knows that her up-front sales charge is 5%. how much of her money actually goes to buy shares in the mutual fund?
Total of $ 7,600 of her money will go to buy shares in the mutual fund when tiffany scott puts $8000 into a load.
What is a mutual fund and how much money will go to buy shares in the mutual fund?A mutual fund is an investment firm consisting of bonds, stocks and other entities and is all managed by professionals.There are four types of mutual funds namely bond funds, stock funds, money market funds, and target date funds.Here the question is asked about how much of her money will go to buy the shares in the mutual fund.Her up- front sales charge is 5%, and it is believed that lower the up-front sale charges greater the ongoing expenses.Hence she will have to put $7,600 of her money to buy shares in the mutual fund.To know more about mutual fund visit:
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buying new-car purchase data by zip code from the polk company is an example of which type of secondary data? question 14 options: commercial source media source tradr association source
New car purchase data with postal code from polk company is an example of secondary data type Commercial source.
To draw conclusions, the research to be carried out requires a source of information called data. Data are facts or figures, and researchers will collect these facts or figures to be processed in order to provide useful information for research. This information will be used for decision making. In this study, two sources of data were used, namely:
PrimarySecondaryPrimary data is a source of research data obtained by researchers indirectly through intermediary media. This means that the researcher acts as a second party because it is not obtained directly. Additional data is not obtained from the first hand, but additional data is obtained from the second, third, etc. Quantitative research is also an exception.
Contrary to primary data, secondary data is complementary data. The word complement here means that in the absence of auxiliary data, due to incomplete data, the quality of the research can be considered low.
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carrie loaned her friend $4,500 to buy a used car. she had her friend sign a note with repayment terms and set a reasonable interest rate on the note because the $4,500 was most of her savings. her friend left town without a forwarding address, and nobody carrie knows has heard from her in the last year. how should carrie treat the bad loan for tax purposes? this is a business bad debt. assuming this is carrie's only capital gain or loss, she may claim a $fill in the blank 2 long-term capital loss in the current year and carryback any remaining amount.
This is a non-commercial bad debt. Assuming this is Carrie's only capital gain or loss, she can claim a $3,000 long-term capital loss in the current year and carry forward any excess.
What is business bad debt?A company A bad debt is a loss resulting from the worthlessness of a debt created or acquired in a trade or business or closely related to your trade or business when it became partially or completely worthless. The term "bad debt" refers to the amount of money that a creditor must write off as a result of the debtor's default. If a creditor has an uncollectible debt on its books, it is recorded as a charge-off.After receiving the laptops, a retailer has 30 days to pay Company ABC. On the balance sheet, Company ABC records the amount owed as "accounts receivable" and records the revenue.To learn more about business bad debt, refer to:
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according to david uhlmann, department of justice (1990-1997), why do our current laws not prevent companies with egregious safety records like bp from engaging in activities that could be devastating for the environment?
The Health and Safety at Work Act (HSWA) of 1974 imposes a legal obligation on businesses to protect both their own employees' health, safety, and welfare as well as the safety of others on the job.
What is the law in the Philippines saying about safety and health?
The right to work in a safe and healthy environment must be protected. The employer is required to give enough training and education on chemical safety, electrical safety, mechanical safety, and ergonomic safety to all employees, as well as information about all forms of workplace dangers.
Why is occupational health and safety regulation necessary?
Management should give top emphasis to employee health and safety programs because they save lives, boost output, and cut costs.
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a number of countries in the world have achieved sustained economic growth, defined as a sustained increase in real gdp per capita. in all of these countries, what is the source of this growth?
A number of countries around the world have seen sustained economic growth, defined as an increase in real GDP per capita over time. Productivity growth is the source of growth in all of these countries.
What is GDP?
Gross domestic product (GDP) is a monetary measure of the market worth of all final products and services produced and sold (not resold) by countries within a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication. GDP (nominal) per capita, on the other hand, does not reflect differences in the cost of living and the inflation rates of the countries; thus, comparing living standards between nations on the basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful when comparing national economies on the international market.
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in the united states, part-time employees are most likely to receive health and life insurance benefits and paid time off and least likely to receive retirement benefits. question 12 options: true false
This assertion is untrue. In the United States, part-time workers are least likely to obtain retirement benefits and do not receive paid time off, health or life insurance coverage, or paid sick leave.
Are there retirement benefits for part-time employees?The Employee Retirement Income Security Act (ERISA) requires that part-time workers who put in 1,000 hours a year with the same employer be given access to the retirement savings program.
What advantages do part-time government workers receive?The same benefits, such as leave, retirement, health insurance, and life insurance, are available to part-time permanent employees on a prorated basis as they are to full-time ones.
What kind of workplace benefit is most popular in the US?The most popular employee benefits, according to our 2022 Employee Benefits Survey Report, are:
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dane company budgets total overhead cost of $7,200,000. the company allocates overhead cost based on 100,000 budgeted direct labor hours. the single plantwide overhead rate is:multiple choice$36 per mh.$36 per dlh.$72 per mh.$72 per dlh.none of the above.
According to the information provided, the uniform overhead rate for the entire plant is $72 per direct labor hour.
An organization uses a plant-wide overhead rate, a single overhead rate, to allocate all of its manufacturing overhead costs among its cost objects or products. Smaller businesses with straight-line cost structures use it more often. Uniform plant-wide overhead rate = Budgeted total overhead / Budgeted direct labor hours.
Total budgeted overhead is $7,200,000.
Budgeted direct labor hours = 100,000
We enter the equation = $7,200,000/100,000.
$72 per hour of direct labor for a single plant's overhead
In conclusion the single plantwide overhead rate is:$72 per direct labor hour.
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tax functions that accounting and finance professionals may assist clients with include all but the following: a.tax evasion. b.tax compliance. c.esg reporting of certain tax information. d.cash management to ensure timely payment of taxes.
Tax functions that accounting and finance professionals may assist clients with include all but tax evasion, so correct option is A.
Tax evasion is an illicit movement in which an individual or substance purposely dodges paying a genuine assess obligation. Those caught sidestepping charges are by and large subject to criminal charges and significant punishments.
To willfully fall flat to pay charges may be a government offense beneath the Inside Income Service (IRS) charge code. Charge avoidance is an illicit endeavor to overcome the burden of charges by people, enterprises, trusts, and others.
The accounting work will guarantee that liabilities such as deals assess VAT, pay assess are fittingly tended to. Monetary articulations got to be recorded by the businesses with the enlistment center of companies.
Stock trades are the recorded substances that are required to record them, as well as for coordinate and circuitous assess recording purposes.
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you own a beverage company and have a few different types of beverages on the market. one of the diet sodas isn't doing as well as your other sodas and you want to see what you can do to increase your sales. after conducting some research, you see that 80% of your total potential market (100%) is aware of your product. furthermore, 75% have adequate knowledge about your product and 65% say they like the product. half say they intend to buy the product and 45% of the market actually buy it. what aspect of the hierarchy of effects should be the promotional objective?
The goal of promotional campaigns should be to increase the number of people who plan to purchase.
What are the promotional objectives? What are a few examples of promotional objectives?Promotional Goals are a component of a comprehensive marketing plan. The initial stage of a marketing campaign is developing a brand identity with visuals and phrases. This is followed by expanded messaging sent either directly through personal email marketing communications or through social media.
Making items and services more in demand. A retailer might do this by advertising a sale in order to increase foot traffic.
Why is it vital to have a promotional goal?Advertising and other marketing communications have goals known as promotional objectives. Marketing plan must include market promotion. Today's marketers frequently employ this potent tool to attain their marketing objectives in a cutthroat market.
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because of the tariffs placed on imported steel, aluminum, and other products by the trump administration, the video points to which specific product the canadians and europeans targeted for retaliation?
Washing machines are targeted for retaliation by the Canadians and Europeans because of the tariffs placed on imported steel, aluminum, and other products by the Trump administration.
Tariffs protect domestic economy by raising the cost of imported goods. Domestic industry can be protected from foreign competition through state procurement activities and safety and health laws. President Donald Trump levied 10% tariffs on certain Canadian aluminum products to safeguard American industry from a "surge" in imports, infuriating Ottawa and some business groups in the United States. Canada promised retaliation as tensions between the close allies rose just days straight after a latest continental trade agreement between the US, Mexico, and Canada went into effect.
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treasury stock that had been purchased for $5,500 last month was reissued this month for $6,000. the entry to journalize the reissuance would include a credit to
When an organization buys back shares from stockholders, it uses a Treasury stock account.The account has a negative nature and a debit balance that lowers the equity balance.
The Treasury Stock Account should always be recorded at par value, it should be noted.
Given,
Cash = $6000
Treasury Stock = $5,500
Capital received from the sale of Treasury Stock = $500
How Does Treasury Stock Work?The term "treasury stock," also referred to as "treasury shares" or "reacquired stock," refers to previously outstanding stock that has been repurchased by the issuing company from its stockholders. As a result, there are fewer shares available for purchase on the open market.
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emil has an investment that earns 14% return on investment. if inflation is 3%, what is emil's real rate of return? question 2 options: 9.45%. 10.68%. 11.53%. 12.79%.
The real rate of return for Emils investment is is 10.68%
how to calculate real rate of return?The simple formula applied in the present calculator is the following:
rᵣ = (1 + rnom) / (1 + π) − 1.0
[tex]r_{r} = \frac{(1+r_{nom})}{(1+\pi) } -1.0[/tex]
Where:
rᵣ - real rate of return;
rnom - nominal rate of return; and
π - annual inflation rate.
so
[tex]r_{nom}[/tex]=14%
[tex]\pi[/tex]=3%
[tex]r_{r} = \frac{(1+14)}{(1+3) } -1.0[/tex]=10.68%
The real rate of return is the periodic chance of return on an investment, acclimated for affectation. In other words, the real rate of return is the return that reflects factual growth in terms of unborn buying power. thus, the real rate of return is the return that you would see if there were no affectation.
For illustration, suppose you invest,1000
now and admit, 100 in one time. The nominal rate of return is 10percent.However, that is, the affectation rate is 10 percent, If the general position of prices increased by 10 percent. thus, you garnered a zero percent real rate of return on your investment.
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the rlx company just paid a dividend of $3.20 per share on its stock. the dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. if investors require a return of 10.5 percent on this stock, what is the current price? what will the price be in three years? in 15 years?
It is the cost at which a share of stock or other security last traded. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a subsequent transaction involving that security.
Explain about the current price of the stock?The idea behind current value accounting is that assets and obligations should be valued at what they may be sold for or settled as of the current date.
The stock of the corporation is currently trading at $51.20.
The constant dividend growth model is the formula that can be used to calculate the stock price.
Cost = d1 / (r - g)
The formula for determining the next dividend to be paid is: d1 = current dividend paid x (1 + growth rate) = $3.20 x (1.04) = $3.328
R is the equity cost.
g = rate of growth
Price = $3.328 / (10.5 - 4)
$3.328 / 0.065 = $51.20
The current price is $51.20
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using the following information, what is the amount of merchandise available for sale? purchases $32,000 purchases discounts $ 960 merchandise inventory, september 1 5,700 merchandise inventory, september 30 6,370 sales returns and allowances 910 sales 63,000 purchases returns and allowances 1,200 freight in 1,040 $35,540 $36,580 $37,700 $34,500
The amount of merchandise available for sale is $30,210
The cost of goods sold is the total price an organisation directly pays to produce the products it sells.
Using the formula for cost of goods sold -
Cost of merchandise sold = cost of merchandise purchase - the cost of merchandise left in inventory
= Purchases - Purchases discounts - Purchases returns and allowances + Freight
= 32,000 - 960 - 1,200 + 1040
= 30880
- ( Merchandise inventory on September 30 - Merchandise inventory on September 1 )
= 6370 - 5700
= 670
Merchandise for sale -
= 30,880 - 670
= 30,210
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suppose there are 500 stock market investors trying to predict whether the market will go up and down, and each year exactly half of them guess right. approximately how many of these investors, on average, will be right seven years in a row?
If 500 stock market investors are trying to predict whether the market will go up or down and exactly half of them guess right each year, approximately 3 of these investors, on average, will be right seven years in a row.
To be calculated:
The total No. of investors that are right 7 years in a row.
Given:
No. of investors trying to predict = 500
The ratio of No. of investors that are right to no. investors that are trying to predict = 250/500
= 1/2
= 0.5
No. of years = 7
Formula to be used:
No. of investors trying to predict x (The ratio of No. of investors that are right to no. investors that are trying to predict)^No. of years = Investors that are right in those years
500 x (0.5)^7 = 500 x 0.0078 = 3.9
So, only 3 investors on average will be right in seven years.
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marketing researchers not only need to be skilled at gathering and analyzing data, but also at communicating results effectively because of: the multiple new types of traditional data and methods. the multiple new types of interactive resources. the multiple new types of social media. the multiple new types of data and methods now in use.
Marketing researchers not only need to be skilled at gathering and analyzing data, but also at communicating results effectively because of The multiple new types of data and methods now in use.
Market research, commonly referred to as "marketing research," is the procedure used to assess the feasibility of a new service or product by conducting study with prospective consumers. Market research enables a business to identify the target market and gather input from customers on their interest in the good or service as well as views.
This kind of research might be carried out internally, by the business itself, or through a different business that specializes in market research. Surveys, product testing, and focus groups are among methods that can be used. A small stipend or product samples are typically given as payment to test volunteers in exchange for their time. A new product or service's research and development (R&D) process must include market research as a key step.
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almost all of the theories regarding the proper role of government suggest that it should provide such as national defense. one of the most important tools the government can use to stabilize the economy is . a.) public goods; spending b.) income redistribution; spending c.) public goods; gdp growth d.) income redistribution; gdp growth
Theories regarding the proper role of government suggest that it should provide option a.) public goods such as national defense. One of the most important tools the government can use to stabilize the economy is option a.) spending.
A public good is any service or commodity available to citizens and administered by the government of that country. The government pays for the public good by taxation.
Public goods are available to all members of the country. It is often free due to public taxation. Defense is one example of public good where the security of the nation is a collective benefit to all the citizens.
Spending is an important tool for the government to stabilize the economy. Government can increase spending to generate demand for goods and services. It will create a rise-up trend in the economy if the economy is facing inflation. Government can also cut spending to cool down the inflation in the economy.
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in 2015, the environmental protection agency charged volkswagen with cheating on emissions tests of its diesel vehicles. this is an example of bureaucratic
Answer: bureaucratic enforcement
In 2015, the environmental protection agency charged Volkswagen with cheating on emissions tests of its diesel vehicles. this is an example of bureaucratic enforcement.
What is environment?
The term “environment” refers to the surroundings on earth. The environment is based on living and non-living things. The environment's effect on human life The biotic elements of the environment are plants, fisheries, animals, forests, and bacteria. The abiotic elements are water, land, rocks, air, etc.
During the period of the 2015, are the based on the environmental protection agency. There was on the fraud of the cheating on emissions tests of its diesel vehicles. It was on the clearly example of the bureaucratic enforcement.
As a result, In 2015, the environmental protection agency charged Volkswagen with cheating on emissions tests of its diesel vehicles. this is an example of bureaucratic enforcement.
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tavist allergy pills sell for $25 a box. steve, brian, and toby are willing to pay $33, $27, and $19, respectively, for a box of tavist. what is the total consumer surplus for steve, brian, and toby?
The total consumer surplus for steve, brian, and toby is $10.
What is consumer?
A consumer is a person or a group that is not directly involved in entrepreneurial or business activities and who intends to order as well as uses purchased goods, products, as well as services primarily for personal, social, family, or household needs. The phrase is most frequently used to describe someone who makes purchases for their own use. Any individual or group who makes final use of a good or service is referred to as a consumer. Here are a few instances: a client who spends money having their hair styled and cut by a hairstylist. a business that purchases a printer for business use.
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