In emerging cultures, marketers look for _____ as one of the signs of opportunities to do business.
In emerging cultures, marketers look for competitive advantage as one of the signs of opportunities to do business. According to Investopedia, Competitive advantages is defined as a conditions which permits a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. Through this condition, allows the productive entity to create more sales or superior margins than its competition.
The material most often associated with the process of "casting" is:
How do the taxes that are levied on goods and services affect market prices and quantities?
What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar
Given:
Mean – 385 per ticket
Standard Deviation - 110
P (Z > x ) = 0.03
Value of z to the cumulative probability of 0.03 from the normal distribution table
is 1.88
P(x-u / (standard deviation) > x - 385/110) = 0.03
That is, (x - 385/110) = 1.88
Therefore, x = 1.88 * 110+385 = 591.91 or $592
What is one advantage and one disadvantage of online learning?
Answer: Advantages: Online learning provides convenience and flexibility to the users. The users can typically work when and where they want to. They are also able to work at own pace. Disadvantages: Students miss out on interacting with teacher and classmates, which is a very strong motivator to succeed. Also, students need a large amount of self-motivation to do the work, because they aren’t as closely monitored.
Explanation:
Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very concerned about being able to find a job after graduation. she thinks a lot about the job market and what she can do to compete effectively in it, and plans her coursework around that. karyn is experiencing ________ about the job market.
sheldon goes to the grocery store to buy a few items, and when he gets there he can remember only the last few things that he wanted to buy. "i knew i should have written everything down," he says to himself. sheldon has illustrated the _____ effect
Ruby received a score of 90 on an intelligence test. two days later she received a score of 55 on a different form of the same test. the test was apparently lacking in
Final answer:
Ruby's significantly different scores on the same intelligence test suggest a lack of reliability, which refers to a test's consistency. The test's stability over time and the accuracy of its measurements are in question.
Explanation:
Ruby’s varied test scores on different forms of the same intelligence test suggest that the test may be lacking in reliability. Reliability is a measure of the consistency of a psychological test, which means the test should produce similar results under consistent conditions.
A significant drop in Ruby's score from 90 to 55 indicates that there might be issues with the test's design, administration, or content that affect its stability over time.
To improve reliability, test designers must ensure that the test measures what it intends to measure the same way each time, whether through test-retest reliability, parallel forms reliability, or other methods like internal consistency.
Government economists in a certain country have determined that the demand equation for soybeans is given by p = f(x) = 57 2x2 + 1 where the unit price p is expressed in dollars per bushel and x, the quantity demanded per year, is measured in billions of bushels. the economists are forecasting a harvest of 2.4 billion bushels for the year, with a possible error of 10% in their forecast. use differentials to approximate the corresponding error in the predicted price per bushel of soybeans. (round your answer to one decimal place.)
The economists who are forecasting a harvest of 2.4 billion bushels for the year, with a possible error of 10% in their forecast. Using the differentials to approximate the corresponding error in the predicted price per bushel of soybeans is 1.197.
What is approximation error?The difference between an exact value and an approximation to it is the approximation error in a data value or differentials. This error can be expressed as a relative error or as an absolute error (the magnitude of the mismatch in numbers) (the absolute error divided by the data value).
If x increases from x=a to x=a + dx, one can utilize the differential dy = f (a) dx to approximate the change in y.
With the help of this formula we can calculate the error:
|∆p| = |dp/dx|∙|∆x|
= | d{ 56/(2∙x² + 1) ]/dx | ∙ |∆x|
= | 56∙(-1)∙2∙(2x)/(2∙x² + 1)² ] | ∙ |∆x|
= | -224∙x/(2∙x² + 1)² | ∙ |∆x|
for
x = 1.9
∆x = 0.1∙1.9 = 0.19
|∆p| = 224∙1.9/(2∙(1.9)² + 1)² | ∙ |0.19| = 1.197
Therefore the possible approximate error of a factor 2 is in the numerator would be taking in derivative concept.
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If firms compete in a cournot fashion, then each firm views the
In a Cournot model of competition, each firm takes the production of its competitors as a given.
What is Cournot model of competition?The economic theory of Cournot competition describes an industrial structure in which competing businesses that sell the same product fight on the volume of output they create simultaneously and independently. It has the name of the French mathematician Augustin Cournot, who founded it.
Oligopoly markets are those where only a few companies compete, where companies provide uniform or distinctive goods, and where entry barriers may be built naturally or artificially. The Cournot model takes into account businesses that produce the same product and choose their output concurrently.
Thus, in a Cournot model of competition, each firm takes the production of its competitors as a given.
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Rex's doughnuts can produce only 100 doughnuts a day. the variable cost incurred per unit is $2 and fixed costs incurred per day is $500. at what price should a doughnut be sold to break even?
To break even, the price of Rex's doughnuts should be settled at $7, calculated by dividing the total cost ($700) by the number of doughnuts (100).
Explanation:In order to calculate the break-even price for Rex's doughnuts, we need to understand the concept of variable and fixed costs. In this scenario, the variable cost per unit is given as $2 per doughnut, and the fixed costs per day are $500. The total production capacity is 100 doughnuts per day.
The total variable cost (TVC) is variable cost per unit multiplied by the number of units produced. In this case, it would be 100 doughnuts * $2 = $200. The total cost (TC) will be the sum of total variable cost and fixed cost, which is $700 ($200 + $500).
To break even, the total revenues (TR) Rex earns from selling the doughnuts should be equal to the total cost. Knowing that he can only produce 100 doughnuts a day, the break-even price per doughnut (P) should be Total Cost (TC) divided by the number of doughnuts. Therefore, P = TC/ 100 doughnuts = $700 / 100 = $7.
Hence, Rex should sell each doughnut for $7 to break even.
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According to the business week article, "how to get a life and do your job" the most important aspect when pursuing a career in business is to
Answer: balance work with life
What is the difference between accounting profits and economic profits? which of the two concepts is more appropriate for explaining decisions made by entrepreneurs? explain?
When bill first started working at his new job, he began to disclose highly personal information to others almost immediately, often making his coworkers uncomfortable. which guideline for self-disclosure was bill most violating?
The guideline for self disclosure that Bill was unaware of in the provided scenario is the consideration of appropriateness in which he wasn’t able to at least consider the feelings of his co-workers of whether his ways are appropriate or comfortable for them.
1. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
Companies can run the same marketing communications programs as used in the home market or change them for each local market, a process called
____________ is an example of a retailer whose merchandise mix is both wide and deep?.
When the demand curve shifts to the left, what is this called?
When the demand curve shifts to the left, it describes Decrease in demand. Decrease in demand is represented by a leftward shift in the demand curve and signifies that individuals are willing and can buy less of a good at each and every price.
When marginal cost is less than average cost, an increase in output ▼ average cost. when marginal cost exceeds average cost, an increase in output ▼ up arrow↑ down arrow↓ average cost?
When marginal cost is less than average cost, an increase in output ▼ average cost. When marginal cost exceeds average cost, an increase in output ▼ up arrow↑ down arrow↓ average cost.
Explanation:When marginal cost is less than average cost, an increase in output results in a decrease in average cost. This is because the additional units produced at a lower marginal cost bring down the average cost. On the other hand, when marginal cost exceeds average cost, an increase in output leads to an increase in average cost. This is because the additional units produced at a higher marginal cost pull up the average cost.
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A flow of funds from savers to borrowers through financial intermediaries such as banks is ▼ direct indirect finance, while a flow of funds from savers to firms through financial markets, such as the new york stock exchange is
In periods of deflation, what will lifo produce? lower total assets than fifo lower revenue than fifo the same retained earnings as fifo higher net income than fifo higher expenses than fifo
In periods of deflation, will lifo will produce higher net income than fifo.
FIFO is a short of the term "first in, first out," and LIFO is a contraction of the
term "last in, first out". FIFO means that the goods which
are added to inventory at first are expected to be the first goods
removed from inventory for sale and LIFO means that the goods which are added
at last are expected to be the first goods that are removed from the inventory
for sale.
LIFO produces lower total assets than FIFO, along with other effects mentioned.
In periods of deflation, firms often face challenges that affect their financial statements, particularly how they value inventory and recognize costs. LIFO (Last In, First Out) and FIFO (First In, First Out) are methods used for inventory accounting that can lead to different financial outcomes.
Here’s a breakdown of what LIFO produces in a deflationary environment:
Lower Total Assets than FIFO: Under LIFO, the most recently purchased (often higher-cost) inventory is sold first. In deflation, prices are falling; thus, the older, cheaper inventory remains on the balance sheet. This means that the total asset value could be lower with LIFO compared to FIFO, where the newer, cheaper items are considered sold first.
Higher Expenses than FIFO: Since LIFO accounts for the newest inventory costs first, it reflects higher cost of goods sold (COGS) in a deflationary period. This leads to higher expenses compared to FIFO, which tracks older costs. As a result, the expenses recognized under LIFO can be higher than those recognized under FIFO.
Lower Net Income than FIFO: Due to the higher COGS recognized under LIFO, net income would be lower than under FIFO in a deflationary situation, where the newer inventory (likely bought at higher prices before deflation) is sold first.
Lower Revenue than FIFO: While revenue recognized does not directly relate to LIFO or FIFO, in a competitive environment, a firm using LIFO during deflation might have weaker pricing power, leading to lower revenue. However, this outcome can vary based on market conditions and competition.
The Same Retained Earnings as FIFO: In theory, if the only difference in accounting results is how inventory is valued, retained earnings could be similar over long periods, assuming no external factors change.
In summary, during periods of deflation, LIFO typically results in:
Lower total assets than FIFOHigher expenses than FIFOLower net income than FIFOThe united states has an unemployment compensation program that provides income for those out of work. in this case, unemployment is
Ravens inc. has net sales of $200,000, cost of goods sold of $120,000, selling expenses of $6,000, and nonoperating expenses of $2,000. what is the company's gross profit?
How does innovation promote economic growth?
Responses
A. by ensuring people's freedom to make their own choices
B. by reinforcing traditional values in a society
C. by introducing new goods and services that create new markets
D. by rewarding the development of efficient technology
Innovation promote economic growth is C. by introducing new goods and services that create new markets, option C is correct.
What is Innovation and economic growth?by bringing new products and services that open up new markets, innovation promotes economic growth. Nonetheless, it is plausible that economic expansion and other macroeconomic variables have an equivalent impact on innovative activity.
So, there is a chance of a feedback link between the two as, in practice, both innovative efforts and economic growth might affect one another.
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Your $6100 investment grows to $12200 over the course of 9 years compounded quarterly. what interest rate did you receive on your investment? (write your answer with at least four decimal points)
By using the compound interest formula and solving for the interest rate 'r', it can be determined that the interest rate received on an investment that grows from $6100 to $12200 over the course of 9 years compounded quarterly is 4.76%.
Explanation:This is a problem of finding the interest rate in a compound interest formula. The formula for compound interest is A = P(1 + r/n)^(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (the initial amount of money), r is the annual interest rate (in decimal), n is the number of times that interest is compounded per year, and t is the time the money is invested for in years.
In this problem, A is $12,200, P is $6,100, n is 4 (since interest is compounded quarterly), and t is 9 years. By plugging in these values into the formula, we can set up the equation: 12200 = 6100(1 + r/4)^(4*9). Solving for r gives us an interest rate of approximately 0.0476, or 4.76% when expressed as a percentage.
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As with measures of centrality, the selection of a measure of variability should be based on
Final answer:
As with measures of centrality, the selection of a measure of variability should be based on the specific characteristics and needs of the data analysis being performed.
Explanation:
Measures of variability, such as variance and standard deviation, describe how spread out or dispersed the data are, which is critical in biological inquiry. Different types of variability like measurement variability, natural variability, induced variability, or sampling variability may influence the outcomes and should be considered when selecting a measure of variability.
Moreover, the decision should take into account the regularities in the object being measured and other factors that affect the outcome, including the accuracy, precision, sensitivity, and selectivity of the measurement method. The chosen measure should provide a valid representation (i.e. that measures what you are trying to measure with minimal influence from other factors) of the biological concept under investigation.
Suppose that a twenty-five-year-old woman, whose mother and aunts all were afflicted with breast cancer by the time they were 45, has a genetic test conducted at her own expense. the test reveals that she has inherited her mother's genetic susceptibility to breast cancer. after applying for employment and being given the position, her hr orientation includes registration for employer-paid health insurance. the insurance questionnaire asks if she suffers from any preexisting medical condition. what should the new employee answer? explain your answer.
Larry was daydreaming the day that his first grade teacher reviewed the math lesson that 5 + 5 = 10. later, larry was not able to recall this information, probably because
Final answer:
Larry likely could not recall the math lesson because his attention was elsewhere during its explanation. Active engagement is essential for memory retention, especially with mathematical skills.
Explanation:
Larry was daydreaming during his math lesson when the teacher explained that 5 + 5 = 10. Later, he could not recall this information, probably because his attention was not focused on the lesson. When students do not actively engage with the material being taught, they are less likely to retain that information.
This phenomenon is linked to a lack of attention and the necessary engagement required for effective memory formation. Memories are better formed when a student actively participates and pays close attention during the learning process.
Various studies and observations in educational settings indicate that active participation and engagement play a crucial role in a child’s ability to grasp and remember mathematical skills and concepts.
When Larry daydreamed instead of paying attention, he missed out on this critical period of learning, making it harder for him to remember the lesson later on.
He great rift valley provides evidence of a split in the __________.
True or false? an hie moves health information among organizations while adhering to national standards.