Proportion of us adults who own a cell phone. in a survey of 1006 us adults in 2014, 90% said they had a cell phone.
The question pertains to a statistical topic from a college-level mathematics course, discussing the proportion of US adults owning cell phones as per a 2014 survey. It highlights the importance of survey methodology, sampling biases, and confidence intervals in accurately representing statistical data.
Explanation:The subject of the question relates to statistics, a branch of mathematics concerned with the collection, analysis, interpretation, and presentation of masses of numerical data. Specifically, the question is referring to the proportion of US adults who own a cell phone, which is a statistical topic that might appear in a college-level introductory statistics course.
In a survey conducted in 2014 with 1006 US adults, it was found that 90% reported owning a cell phone. Such data informs market research and public policy and helps understand social trends. It is important to note how methodologies of data collection, such as potential biases towards landline or cell phone users, can impact the accuracy of such estimates. Moreover, understanding the confidence interval and its significance add to the depth of such statistical analysis. For instance, data that states we can be 95% confident that between 81% and 87.4% of a city's adults own cell phones provides a range within which the true value is likely to fall, illustrating how statistical tools are used to interpret survey results.
G list the 4 different stages of plastic deformation in a cup drawing process
Cup drawing process is also called deep drawing process. The stages of deep drawing are: First, Punch makes initial contact with the work. Second is bending. Third step is straightening. Fourth is friction and compression. Final step is thinning of the cup. During the process drawing of sheet into the die, up to 12% is the thickening. That’s why clearance is provided between the punch and die.
Charmingbells inc. has been running into a loss gradually, but the board of directors are reluctant to shut the company down because it has invested millions of dollars' worth of equipment which can only be used in that industry. moreover, the people in charmingbells inc. have become emotionally attached to the company and do not want the company completely shut down. this scenario best illustrates _____.
This scenario best illustrates the high exit barriers. As Charmingbellsinc.permanently been running into a loss gradually, but the board of directors is reluctant to shut the company down because it has invested millions of dollars' worth of equipment. It bears a high cost of exit barriers.
Further Explanation:
Exit barriers:
Exit barriers mean the loss occurred in the case of shutting down the business. When the company invested a huge amount of money in the business. The investment is made in the equipment or infrastructure. If the company faces losses, the management should be taken into consideration. When the loss is higher than the cost of investing, the management should shut down the company. But if the loss is lesser than cost of investing, the management should try to reduce the loss and postpone the decision of shutting down.
Shut down:
Shut down means the permanent closed down of the business. The company is no more, producing the goods or providing any services. The company does this only in case of earning a loss. If the company earns a profit, the company is not going to shut down the business. It is the last option as if a company faces loss, the company tries to earn profit by using different means. The company tries to cut down the cost of the product.
Therefore, the shutdown is the permanent closed down of the business.
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Answer details:
Grade: High School
Subject: Accounting
Chapter: Decision making
Keywords:charming bells inc., been running, loss gradually, a board of directors, reluctant, shut sown, invested millions, decision making, worth of equipment, industry, emotionally attached, company, completely, shut down, high exit barriers.
The three major parts of company compensation systems are pay, ______, rewards and motivation.
A _____ pricing strategy involves the use of high everyday prices and low leader "specials" on featured items in a retailer's weekly ads
May 31 is a wednesday, and employees are paid on fridays. nardelli consulting has two employees, who are paid $1,085 each for a 5-day work week
Susan agrees to sell ben a truckload of blankets for $10,000. susan delivers the blankets to ben's factory on a sunday at 4:00
a.m. seeing no one at the factory, susan waits for twenty minutes and leaves with the goods. susan has:
About fifteen years ago, the giant walmart corporation opened a store in germany. ten years later, it closed the entire chain there and pulled out of the country. its approach was to replicate—exactly— the stores found in the united states. for some corporations like mcdonalds, such expansion has been successful. these efforts are all part of how globalization tends to
Final answer:
Walmart's expansion into Germany which ended with the closure of its stores illustrates the challenges of globalization in corporate expansion. Walmart's aggressive growth led to its status as the world's largest corporation, yet it faced difficulties adapting to local markets, highlighting the importance of cultural sensitivity in global business strategies.
Explanation:
The case of Walmart's expansion into Germany and its subsequent exit illustrates the complexities of globalization and how it affects corporate strategy. Walmart, founded in Arkansas, went from a single store to becoming the world's largest corporation, showcasing the American Dream on a massive scale. Despite its colossal growth, Walmart's attempt to replicate its US stores in Germany without adapting to the local culture ultimately failed, reflecting the delicate balance companies must strike in the global market.
Walmart's global expansion was fueled by the pursuit of new markets and the quest to become a global retail behemoth. However, this approach can sometimes clash with local customs and practices, leading to resistance and eventual withdrawal, as seen in Walmart's German experience.
Today, Walmart employs thousands to coordinate its international operations, demonstrating the job creation potentials of globalization. Conversely, the closure of Walmart stores in Germany also showcases the potential for job loss and the risk of cultural insensitivity in corporate expansion strategies.
The chinese government limited auto sales in large cities such as beijing and shanghai because their roads could not handle more traffic. in a market assessment, this would indicate a problem with those cities' ___________.
Israel kirzner believes entrepreneurs have a unique capability, which he calls _________ ________, to spot existing opportunities for businesses.
(tco 5) _____ is defined as a pathway for the flow of authority from one management level to the next.
If a plan sets long term goals for an organization it is
There are six types of business plans:
1. Start-up – details the steps to start a new business.
2. Internal - targets an audience within the business
3. Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company
4. Feasibility - describes the need for the product or service, makes recommendations
5. Operations - are internal plans that consist of elements related to company operations
6. Growth plans.- are expansion plans written for internal or external purposes
If a plan sets long-term goals for an organization it is strategic planning.
Empirical research reveals that on average, 2%–4% of the population spend about _____ of their time daydreaming.
An empirical research is a way of conducting a study that is in need of using evidence that are empirical that will provide evidence or support with the study that is being done. The answer in the space provided is ten percent as this is the result of the study in which the empirical research is used and ten percent of daydreaming is used by the 2-4% of the population.
An open market __________ by the fed increases the money supply; a(n) __________ in the required reserve ratio increases the money supply.
An open market purchase by the Fed increases the money supply, as it injects cash into the economy. A decrease in the required reserve ratio boosts the money supply by allowing banks to loan out more of their deposits.
Explanation:An open market purchase by the Federal Reserve (Fed) increases the money supply. This is because when the Fed purchases government bonds in the open market, it is introducing more cash into the economy, effectively increasing the money supply.
Conversely, a decrease in the required reserve ratio increases the money supply. The required reserve ratio is the percentage of deposits that banks must hold in reserve, either as cash in their vault or on deposit with the Fed. If this ratio is decreased, banks have less money tied up in reserves and can therefore lend out more money, increasing the total money supply in the economy.
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The price level in the country is determined by ______ and _______.
You decide to start operating a business selling friendship bracelets online; if one of the bracelets you sold falls apart, you are liable.
Final answer:
You decide to start operating a business selling friendship bracelets online; if one of the bracelets you sold falls apart, you are liable. - True
Explanation:
If you start operating a business selling friendship bracelets online, and a bracelet that you sold falls apart, you are liable for the defective product. This means that if the product causes harm or is not what was promised, you, as the seller or manufacturer, could be held accountable. If you're a sole proprietor or in a partnership, your assets could be at risk to cover any debts or damages attributed to your business. In contrast, forming a corporation provides a legal "shield" from liability, limiting your risk to the amount you've invested into the corporation's stock, protecting your assets in the event of a lawsuit or bankruptcy.
Moreover, in partnerships, partners are responsible for each other's actions. Problems can arise if one partner acts irresponsibly, leaving the other partner liable for those actions and any incurred debts. It's crucial to be aware of the legal structure you choose for your business as it directly affects your liability and the risks you undertake.
Complete Question:
You decide to start operating a business selling friendship bracelets online; if one of the bracelets you sold falls apart, you are liable. True or False
An egoist who believed the right goals or actions are the ones that ensure survival
List four of the main modes of transporting goods; also cite two of the benefits and two of the limitations for each mode.
Selecting right mode of transportation for the business is an important decision as it affects the logistics and supply chain. This has direct impact on : -
1. Cost: - The decision of mode of transport would have direct bearing on cost involved and hence the price to the consumer.
2. Time: - Time taken for raw material to reach the factory and the finished good to reach to market.
Selecting the right mode of transport depends upon the product, the location, availability of means of transport, product margin, perishable life of product and the need to reduce the time lag.
Various modes of transport are : -
1. Road transport : - Example: Trucks, commercial vehicles.
Advantages: -
a) Relatively cheaper mode of transport
b) Does door to door service
Disadvantages: -
a) Affected by climatic conditions like flood, rain, landslide etc
b) Limited quantity transport and not economical for very long distance.
2. Air transport : Example - Passenger aircraft, Cargo aircraft, helicopters.
Advantages : -
a). Faster mode of transport
b). Reaches places not accessible by road/ water.
Disadvantages : -
a). High cost involved.
b). Affected by adverse weather conditions.
3. Rail Transport : Example : Goods and passenger trains.
Advantages : -
a). Faster than Road transport with no traffic congestions
b). Not much affected by climatic conditions.
Disadvantages : -
a). Depedent upon rail network connectivity and not suitable for remote areas.
b). Does not provide door to door service.
4. Water Transport : - Example - Ships, boats, steamers
Advantages :
a). Economical for heavy load and cargo.
b). Lesser cost than air transport for international destinations
Disadvantages
a). Slower mode so not suitable for perishable goods.
b). Highly affected by weather conditions.
Lillian sees a store sign that says cl_ ed. due to the gestalt law of _______, lillian knows the store is closed even though the sign is missing a letter.
Final answer:
The Gestalt law of closure explains why Lillian perceives the incomplete sign as 'closed'. This psychological principle suggests that humans tend to fill in missing information to create a complete and comprehensible picture, demonstrating that our perception is a combined and organized experience rather than just a collection of individual parts.
Explanation:
Lillian sees a store sign that says 'cl_ ed' and, due to the Gestalt law of closure, she knows the store is closed even though the sign is missing a letter. The Gestalt law of closure is a psychological principle that states we organize our perceptions into complete objects rather than as a series of parts. In this case, Lillian's mind fills in the missing letter based on the surrounding context, completing the word 'closed' in her mind even though it's not fully displayed.
The principle of closure is just one aspect of Gestalt psychology, which emphasizes that we often perceive more than what is actually there. This is because our brain tends to fill in gaps in information to create a complete, familiar, and meaningful picture. The famous phrase 'the whole is more than the sum of its parts' encapsulates this idea, meaning that our perception is not just built from individual sensory inputs, but from a cohesive and organized grouping of those inputs into a meaningful whole.
Users throughout alison's organization have been receiving unwanted commercial messages over the organization's instant messaging program. what type of attack is taking place?
The choices are a) Spam b) Phishing c) Social engineering d) Spim. The answer is a. spam. Those are messages are usually unwanted messages that send their commercial emails to people. Spam has similarity with spim since they both are unwanted messages that at times may contain worms and viruses. However, spim appears in instant messages which become the spam on instant messages.
To say that the median salary of a major league baseball player is $800,000 is to say that
The median salary of a major league baseball player being $800,000 means that when all the salaries are arranged in order, the middle value is $800,000. It is a measure of central tendency in the data. If the number of salaries is even, the median is the average of the two middle numbers.
Explanation:To say that the median salary of a major league baseball player is $800,000 is to say that when the salaries of all major league baseball players are sorted in ascending (or descending) order, the middle value is $800,000. If there is an even number of salaries, the median would be the average of the two middle numbers. This is a measure of central tendency, looking at the center of a data set.
For example, if the owner of a baseball team took a random sample of 100 players from different organizations, and the salaries arranged from lowest to highest were $500,000, $700,000, $800,000, $900,000, and $1,000,000, then the median salary would be the third value, $800,000, as exactly half of the salaries are less and half are more than this amount.
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Espoused values are _____. for example, hewlett-packard stresses the "hp way," a collegial, egalitarian culture that gave as much authority and job security to employees as possible.
Espoused values are the stated norms and principles preferred by an organization, affecting its culture and behavior. An example is Hewlett-Packard's 'HP way,' promoting a collegiate and egalitarian culture.
Explanation:Espoused values are the stated values and norms that are preferred by an organization. They are the principles and beliefs that an organization publicly declares as its operational guide. For instance, Hewlett-Packard's 'HP way' is an example of espoused values, proclaiming a culture of collegiality and egalitarianism, aiming to give as much authority and job security to its employees as possible. Such values play a crucial role in shaping the organizational culture and behavior, affecting decision-making processes and inspiring employees to align their actions with these values.
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As a unit of measure, money makes it easier for consumers to do what? A. Compare prices of different products. B. Make a bigger profit from their income. C. Have a better exchange rate with other currencies. D. Get more unearned income.
Answer: A). Compare prices of different products.
Explanation:
As a unit of measure money is used to represent the real value of different items such as goods, services, assets, liabilities, etc into a common denomination. Once the real value is converter into a common denomination it makes making decision easy. When price of goods and services are measured in one unit that is money we can make decision about how many units to buy. So, money as a unit of measures makes it easier to compare prices of different products.
Brandon, age 26, is a self-employed plumber. one month ago, brandon hired his brother, age 20, to help in the business. brandon wants to accumulate a retirement fund and decides to adopt a keogh plan to fund his retirement. brandon's net earnings (after certain adjustments) are $80,000.
a. what is the maximum tax-deductible contribution brandon can make to the keogh plan?
Q 6.6: niles industries is a merchandising company. it currently holds $6,000 in consignment goods for martin corporation. in addition, it has $4,000 in fob shipping point goods in transit to delta enterprises and $5,000 in fob destination goods in transit to troy manufacturing. finally, niles has $7,000 in fob destination goods in transit from gregg supply. for which group of goods does niles hold the title?
What are the disadvantages of holding physicians criminally responsible for the outcomes of their medical actions?
While accountability and patient safety are crucial in healthcare, criminalizing physicians for medical outcomes may have unintended consequences that could negatively impact the quality of care and the healthcare system as a whole.
Criminalizing physicians for the outcomes of their medical actions can have several disadvantages:
1. Fear of Legal Consequences: Holding physicians criminally responsible may lead to a fear of making decisions or taking necessary actions, potentially compromising patient care.
2. Impact on Patient-Doctor Relationship: It could strain the trust between patients and doctors if physicians are constantly worried about legal repercussions, affecting the quality of care and communication.
3. Retrospective Judgment: It may be challenging to determine if an adverse outcome was due to medical negligence or simply a known risk of the procedure. This retrospective judgment can be subjective and complicated.
4. Stifling Innovation: Fear of criminal liability may discourage medical professionals from adopting new treatments or procedures that could benefit patients but carry some level of risk.
5. Impact on Healthcare System: Criminalizing medical errors could lead to increased litigation costs, higher malpractice insurance premiums, and ultimately, increased healthcare costs for patients.
In conclusion, while accountability and patient safety are crucial in healthcare, criminalizing physicians for medical outcomes may have unintended consequences that could negatively impact the quality of care and the healthcare system as a whole.
Find the future value of an investment of $2,500 made today at 7.63 percent compounded quarterly for 6 years.
Caruso, inc. has an inventory turnover rate of 8 times. if its cost of goods sold is $150,000, then
The first step in the process of organizing a business is to: determine the work that needs to be done. divide people into teams. group workers into departments based on skills or expertise. develop an organization chart.
Final answer:
The first step in organizing a business is to determine the work that needs to be done, which sets the foundation for subsequent steps such as creating an organizational chart and grouping employees into teams or departments.
Explanation:
The first step in the process of organizing a business is to determine the work that needs to be done. This foundational stage involves understanding the company's mission, values, and priorities, and obtaining a thorough knowledge of the competitors. Once the work is determined, one can consider how to organize their workforce, which could include grouping workers into departments based on skills or expertise and developing an organizational chart which is a tool that can help new employees understand the structure of the business and their place within it.
When designing a company, consider the benefits of an organizational chart, the division and coordination of labor, and the importance of each member's expertise. The levels of specialization will vary depending on the organization's context and industry-specific demands. After evaluating the work and roles that need to be filled, other steps such as dividing people into teams, assigning tasks and responsibilities, and departmentalization can be undertaken to ensure effective management and coordination within the company.
What is the biggest difference between ARMA International and AIIM professional organizations?
Apparently, both programs are well worth the time and investment if you are planning an information governance project. Hence both AIIM and ARMA have put a lot of thought and consideration effort into creating programs that offer actionable insights. Moreover, the ARMA presents their Information Governance Professional program in six distinct domain areas. On the other hand, if you are a team member assigned to a governance project and want a better understanding of the overall process or have a specific focus area, the great option is the AIIM. However, if you are tasked with being the project manager for an information governance initiative ARMA’s IGP program might be the better way to go.
Final answer:
The primary difference between ARMA International and AIIM is their focus; ARMA is about records and information management, while AIIM deals with digital information technology solutions and may involve AI.
Explanation:
The biggest difference between ARMA International and AIIM (Association for Information and Image Management) professional organizations lies in their primary focus areas and the industries they primarily serve. ARMA International is more oriented towards records and information management professionals, with a focus on establishing standards for managing records and information within an organization. On the other hand, AIIM is more centered on providing education, research, and best practices for technology solutions that manage digital information, such as content management, collaboration, and 'intelligent' information management that may include elements of Artificial Intelligence or AI.