in what ways can a question-and-answer session of a business presentation be a risk for the speaker? (choose every correct answer.)

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Answer 1

A question-and-answer session of a business presentation can be a risk for the speaker in several ways like Unanticipated questions, Technical questions and Conflicting views

Unanticipated questions: The speaker may not have the information to answer unexpected questions and may struggle to respond in a confident and manner.

Controversial questions: The speaker may be asked a question that is controversial or sensitive, and their answer could potentially harm the company or damage their reputation.

Technical questions: The speaker may not be an expert in a particular area and may struggle to answer technical questions.

Lack of preparation: If the speaker hasn't properly prepared for the Q&A session, they may come across as unprepared or unprofessional.

Conflicting views: The speaker may be asked a question that goes against their own beliefs or the company's views, and they may struggle to reconcile their answer with the company's position.

Time constraints: The speaker may struggle to provide a well-thought-out answer in a limited amount of time.

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Related Questions

the cost per person to rent a beach house for a week varies inversely as the number of people who share the rent. if 6 people share the rent, it costs $255 per person. determine the cost per person if 9 people share the rent.

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The answer is 170$, if 6 people share the rent, it costs $255 per person. determine the cost per person if 9 people share the rent would be 170$.

What does rent mean?

Rent is a periodic payment made by a renter to the owner in exchange for the use of the owner's property. rent. To take possession of property with the intent to rent it out is a 2 of 4 verb.

What does economics by rent mean?

Definition: Rent in modern economics refers to the earnings of fixed-supply production components, such as land, labor, and capital. As a result, increasing the cost of such elements will increase their return rather than their availability.

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Fixed manufacturing overhead costs are included as part of Work in Process inventory under _____

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Fixed manufacturing overhead costs are included as part of Work in Process inventory under absorption costing.

Absorption costing is a method of cost accounting in which all manufacturing costs, including both direct costs (such as raw materials and direct labor) and indirect costs (such as overhead), are assigned to the products being manufactured. This means that the fixed manufacturing overhead costs are included as part of the Work in Process inventory, along with the direct costs, until the product is sold. The goal of absorption costing is to accurately reflect the cost of producing a product, which can be useful in pricing decisions and performance evaluation.

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Fixed manufacturing overhead costs are included as part of Work in Process inventory under _______.

why do entrepreneurs play a key role in a market​ system?

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Entrepreneurs are important to the market economy as they can serve as the wheels of economic growth for the country. Creating new products and services creates new jobs and ultimately accelerates economic development.

Entrepreneurs are important to the market economy as they can serve as the wheels of economic growth for the country. Creating new products and services creates new jobs and ultimately accelerates economic development.

As India is a developing country, the importance of entrepreneurship is very high and entrepreneurs are inherently national assets. New business ventures enable new market growth and new wealth creation. Most importantly, jobs are created, a national priority, and income increases.

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a company offers​ low-volume, custom-made furniture. which process strategy is best suited for its​ operations?

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Process strategy is best suited for a company that offers​ low-volume, custom-made furniture. It is a part of strategic planning.

What is a process strategy in strategic planning?

A company's operations must be constant, and quality must be consistently kept at a high level, to achieve this approach. It is a high-volume, low-variety process. Departments should be arranged by-product for this method to be successful.

Businesses should discuss and implement "process strategies," but they rarely do. Imagine if everyone, every team, and every department in a firm could produce more with the resources that are already available. The business would eventually become a lean, mean, profit-making machine.

Process excellence is an organizational competency that is driven from the top down through strategic alignment and leadership and achieved from the bottom up through process enablement and improvement. It is neither a function nor the responsibility of one team. It is everyone's job to promote process excellence because processes are an organization's heartbeat. At the individual, team, functional, and cross-functional levels, process strategy can be defined.

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The finance function would definitely be involved in a decision regardinganswer choiceshiring.new business projects and strategies.

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The finance function provides crucial financial insights and analysis that help inform and support key business decisions, such as those related to new projects, strategies, and hiring.

Yes, the finance function is likely to play an important role in any decision regarding new business projects and strategies, as well as hiring. The finance team is responsible for analyzing and evaluating the financial implications of proposed projects and strategies, and ensuring that they align with the company's financial goals and constraints. They also provide recommendations on the feasibility of the proposed projects and strategies, based on their financial analysis.

In the context of hiring, the finance function may be involved in determining the budget for new hires, and ensuring that the costs associated with hiring and training new employees are feasible within the company's financial constraints. They may also play a role in developing compensation packages for new hires, and evaluating the financial impact of the new hires on the company's financial performance.

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jane smith made $30,000 last year and paid $8,400 in taxes. what percentage of her income did jane pay in taxes?

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Jane paid 28% of her income in the taxes last year. This means that for every dollar earned, 28 cents went to taxes. Depending on her filing status, deductions, and other factors, Jane's tax bracket may be higher or lower than 28%.

It is important to note that the percentage of income paid in taxes depends on the tax bracket in which Jane falls. The percentage of income paid in taxes is an important factor to consider when budgeting and planning for the future. It is important to be aware of changes in tax rates and laws in order to plan accordingly.  It is calculated as dividing tax paid by the total income.

$8,400 / $30,000 = 0.28 which is 28%.

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which project management process group affects all other process groups and occurs during all phases of the project life cycle?

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Execution is the project management process group affects all other process groups and occurs during all phases of the project life cycle.  

The project's Execution & Control phase's goal is to oversee all project delivery-related activities to ensure project success. The project plan has been authorised at this phase, and the working deliverables for project management have been defined. During this stage, the project's execution is controlled and its progress is monitored in relation to the plan created during project planning. Performance is compared to the project plan, and adjustments are made as needed, to ensure the project maintains on schedule, within scope, and within budget. Processes for executing and controlling include;

1. Obtain or secure the necessary resources.

2. Provide stakeholders with information on project status

3. Work product is produced

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you need to create a forecast in dynamics 365 sales so that the sales director will be able to predict upcoming sales revenue. which standard record type is used to create the forecast?

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In Microsoft Dynamics 365 Sales, the standard record type used to create a sales forecast is called a "Forecast." Forecasts in Dynamics 365 Sales allow sales directors and other stakeholders to predict upcoming sales revenue based on historical data and other relevant factors.

To create a forecast in Dynamics 365 Sales, you can use the Forecast record type to define the forecasting period, set the base currency, and specify the forecasting method. You can also assign roles and responsibilities to different members of the sales team and monitor their progress towards meeting their sales targets. Forecasts in Dynamics 365 Sales are highly customizable and can be tailored to meet the specific needs of each business. By using this standard record type, sales directors and other stakeholders can gain a clear understanding of upcoming sales trends and make informed decisions to drive business growth and success.

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A system to protect people experiencing unfavorable economic conditions is called: _________

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A system to protect people experiencing unfavorable economic conditions is called a Safety net.

A safety net is a group of initiatives designed to shield people and families from the material and existential adversity of unfavorable economic conditions. The government established these programs to help people who are unemployed or don't have a source of income.

Long-term support is not what the safety net is designed to provide. It is there to catch you if you lose your job or face hardship due to a bad economy as a result of any number of unforeseeable events, and it will assist you in getting back on your feet as soon as you can.

The safety net is made up of a number of government initiatives that are designed to offer short-term protection and support to those who are unemployed or otherwise in need of financial assistance.

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suppose you paid a $1,200 loan off by paying $400 in principal each year plus 10 percent annual interest. how much is the interest payment in the second year of the loan?

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The second year of the loan requires $440 in interest payments.

How is interest calculated annually?

The term "Annual Interest Payment" shall mean any periodic interest payment received by the Issuer with respect to a Collateral Debt Obligation which at the time of such payment only provides for periodic interest payments once per any Due Period.

Annual interest rates are used to describe the rate that is imposed over the period of a year. Among other timeframes, monthly, quarterly, or biennial interest rates may be levied. However, interest rates are frequently given as annual sums.

Which comes first, interest on a monthly or annual basis?

Given that some banks only grant interest rates of 0.10 percent or less on savings accounts, it makes sense that many consumers believe interest is paid on a monthly basis. The quick answer is, sadly, that your savings account's interest rate is expressed annually.

interest payment= [$400+($1200- $800) x 0.10=$440]

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Info Contribution Income Statement for the Month of October Corn Flakes Total Amount Sales Contribution margin Net operating income 100% $2,500,000 1,050,000 1,450,000 870,000 $ 580,000 $ 2,000,000 800 000 $ 1,200,000 100% $ 500,000 250,000 60% $ 250,000 00% 40 % 50% 50% 588 Knowledge Check 01 What is the amount of the break-even sales for Grace Food Company? $1.2 million $2.2 million O $2.0 million $1.5 million

Answers

The correct option is D. The amount of the break-even sales for Grace Food Company is $1.5 million.

Fixed cost = 870000

Contribution margin ratio= 58%

Break-even sales= Fixed cost/ Contribution margin ratio

                            = 870000/ 58% = $1,500,000= $1.5 million.

Earnings are the consumption and saving possibility received by way of an entity within a detailed timeframe, which is commonly expressed in economic terms. Earnings are difficult to outline conceptually and the definition can be extraordinary for the duration of fields. for instance, a person's income in a financial experience may be unique from their income as described with the resource of the regulation.

A very essential definition of income is Haig–Simons earnings, which defines earnings as intake + trade-in internet truly worth and is widely applied in economics. For households and individuals within America, income is defined with the useful resource of tax law as a sum that consists of any earnings, earnings, profit, interest rate, rent, or some other shape of earnings acquired in a calendar year. Discretionary earnings are frequently described as gross profits minus taxes and special deductions (e.g., compulsory pension contributions), and are broadly used as a basis to take a look at the welfare of taxpayers.

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quinn is trying to decide what to serve his guests when they watch the big game. he prefers to have pizza, which will cost $50, but he could also serve his next best choice of hotdogs, which would only cost $30. if quinn chooses to have pizza, his opportunity cost is:

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If quinn chooses to have pizza, his opportunity cost is $30.

After finishing his morning workout, Quinn decides to spend the day hoops. A flask that Quinn had taken from his mother and filled with bourbon that he, Guzzo, and Dwyer drank at the party is presented to him by his mother as he is getting ready. Quinn is attempting to select what to offer his visitors while they watch the big game, in accordance with the axiom that one person's income is another person's expenditure. He could serve hotdogs as his second-best option, which will only cost $30, even if he likes pizza, which will cost $50. If Quinn decides to eat pizza, his loss of opportunity equals.

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in the organizing framework, multiple choice inputs lead to processes, which lead to outcomes. inputs lead directly to outcomes. outcomes never affect inputs. outcomes never affect processes. inputs are unrelated to processes.

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In the organizing framework, the inputs are the first step in the process. They are the starting point for any system or process and are the driving force behind what happens next. Here option A is the correct answer.

These inputs are then processed, meaning they are transformed or manipulated in some way to create the desired outcome. The outcome is the result of the process and is what is generated or produced as a result of the inputs and processes.

In this framework, inputs have a direct impact on outcomes. The nature and quality of the inputs will determine the quality and effectiveness of the processes and ultimately, the outcomes.

For example, if the inputs are of poor quality, then the processes will be affected, and the outcomes will also be of poor quality. On the other hand, if the inputs are of high quality, the processes will be effective, and the outcomes will also be of high quality.

Complete question:

In the organizing framework, multiple choice inputs lead to processes, which lead to outcomes.

A - inputs lead directly to outcomes.

B - outcomes never affect inputs.

C - outcomes never affect processes.

D - inputs are unrelated to processes.

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online auction sites that involve business transactions between users of products and services are categorized as e-commerce. a. business-to-business b. consumer-to-consumer c. consumer-to-business d. business-to-consumer

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Online auction sites that involve business transactions between users of products and services are categorized as Consumer-to-Consumer (C2C) e-commerce. Here option B is the correct answer.

C2C e-commerce refers to transactions between individuals or consumers, where one consumer sells products or services to another consumer through an online platform. In the case of online auction sites, consumers are able to list items for sale and other consumers can bid on those items, with the highest bidder winning the auction.

C2C e-commerce is different from Business-to-Business (B2B) e-commerce, which refers to transactions between businesses, and Business-to-Consumer (B2C) e-commerce, which refers to transactions between businesses and consumers.

C2C e-commerce platforms such as online auction sites allow consumers to buy and sell goods and services directly to each other without the involvement of intermediaries, which can often result in lower costs and greater convenience for both the buyer and the seller.

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recognizing expenses in the same period as the revenues they help to generate implies what type of relationship? multiple choice perfect correlation cause-and-effect unrelated directly proportional

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The relationship between the recognition of expenses in the same period and the revenue they help generate implies a causal relationship.  In accounting, recognizing expenses in the same period as the revenue they help generate reflects a cause-and-effect relationship between the costs incurred and the revenue generated.

A causal relationship is a relationship between two events, in which one event (the cause) makes another event (the effect) occur. In other words, causal events trigger or lead to effect events. This relationship is also known as causality, where cause and effect have a direct and unambiguous relationship.

For example planting a seed (the cause) will result in the growth of a plant (the effect). Or, spending money on advertising (cause) can result in increased sales (effect). This is known as accrual accounting, which records financial transactions when they occur, not when payments are made or received.

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the balance sheet for jim's hardware has the following items listed. current liabilities, $25,345; long-term debt, $100,000; total liabilities, $125,345; total assets, $325,490. what is the owner's equity for this company? question 48 options: $25,345 $200,145 $225,490 cannot calculate with the information provided.

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The balance sheet is one of the three most important financial statements for any business, along with the income statement and the cash flow statement.

It provides a snapshot of a company's financial position at a specific point in time, including its assets, liabilities, and owner's equity. Assets are the resources that a company owns or controls that are expected to provide future economic benefits. Liabilities are obligations that the company owes to others and that are expected to be settled in the future. Owner's Equity is the residual interest in the assets of an enterprise after deducting liabilities. It represents the owners' claim on the assets of the company and is the portion of the company that is financed by the owners, either through equity investments or retained earnings. In the case of Jim's hardware, the balance sheet shows the following information:

Current Liabilities: $25,345

Long-Term Debt: $100,000

Total Liabilities: $125,345

Total Assets: $325,490

To calculate the Owner's Equity, we need to subtract Total Liabilities from Total Assets.

Owner's Equity = Total Assets - Total Liabilities

= $325,490 - $125,345

= $200,145

So, the owner's equity for this company is $200,145. In conclusion, the balance sheet is a critical tool for understanding the financial position of a company and the Owner's Equity is an important component of it. It provides a picture of how much of the company's assets are financed by the owners and how much is financed by debt. Understanding the balance sheet can help investors, lenders, and business owners make informed decisions about the financial health and future prospects of a company.

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all of the following are included in the decision-making metric except the admired observer test. the moral mentor test. the transparency test. the likability test. the publicity test.

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All of the following are included in the decision making metric except the likability test. The act of making a choice within a team or organization, is  meant by the decision making.

Business metrics are figures that provide you with pertinent, accurate information about your company's operations. You may ascertain whether your efforts are leading you toward success or failure by routinely monitoring and evaluating the metrics. You must monitor business metrics and make decisions based on the information you are gathering if you want to advance your firm. A choice of action made with intention to accomplish organizational or management objectives or goals can be referred to as a decision. Making decisions is a constant and essential part of managing any company or business operations. Decisions are made to maintain organizational operations and all company activity. To assure the achievement of organizational or company goals, decisions must be made at every management level. Additionally, each firm adopts and executes the decisions as one of its core functional values to ensure maximum growth and viability in terms of the services or products it offers.

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which financial statement would a potential creditor ask to review if it wants to determine whether a company might have the ability to pay?

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A potential creditor would want to review a company's balance sheet in order to determine whether it has the ability to pay.

A balance sheet is a financial statement that provides an overview of a company's assets and liabilities. It shows how much money the company owes to creditors, as well as how much cash and other assets the company has to pay them.

The creditor will look at the company's assets and liabilities to determine if it has sufficient assets to cover its debts. The creditor will also want to review the company's income statement to ensure that it has enough revenue to cover its expenses and pay its debts.

The creditor will also want to review the company's cash flow statement to see if the company is generating enough cash to pay its debts. Finally, the creditor may also want to review the company's statement of retained earnings to determine if the company has been able to generate profits over time to pay its debts.

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Write a scenario that will help you understand the following word or topic and show me that you understand their importance.

Criticism - is the practice of judging the merits and faults of something. Criticism as an
evaluative or corrective exercise can occur in any area of human life. In specific areas of
human endeavor, the form of criticism can be highly specialized and technical; it often requires professional knowledge to understand the criticism.

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Criticism is the practice of judging the merits and faults of something. Criticism as an evaluative or corrective exercise can occur in any area of human life.

Write a scenario that will help you understand criticism?

You are a film director and your latest film has just been released. You're excited to see what people think of your work, but when you read the reviews, you are met with a lot of criticism. Some reviewers claim the acting was lackluster, others say the plot was confusing, and a few even say that the special effects were underwhelming.

At first, you feel disheartened and defensive. But after some reflection, you realize that criticism can be a valuable tool for growth and improvement. You start to take the criticism seriously and use it to inform your future work. You work on improving your acting direction, make sure that your plots are clearer, and pay more attention to the special effects.

A year later, you release a new film and it is met with widespread praise. Critics call it a major improvement over your previous work and praise the acting, plot, and special effects. You realize that criticism is an important part of the creative process and can help you become a better filmmaker.

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higher-level managers who help ensure that high-potential people are introduced to top management and socialized into the norms and values of the organization are called

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Higher-level managers who help ensure that high-potential people are introduced to top management and socialized into the norms and values of the organization are called sponsors.

The promotion of diversity and inclusion inside companies is greatly aided by sponsors, particularly when it comes to assisting high-potential members of underrepresented groups to move to senior positions. Sponsors are often higher-level managers who are prepared to utilize their name and influence inside the company to promote and argue for their proteges.

Sponsors contribute to the creation of possibilities for their proteges to develop their abilities and achieve recognition by offering mentorship, direction, and exposure to important decision-makers. They also aid in dismantling any prejudices or obstacles that could be hindering underrepresented workers from moving forward in the company.

An employee who has a sponsor may have access to networks, resources, and opportunities that they would not otherwise have access to. Sponsors assist the success of the company as a whole by fostering a welcoming and inclusive atmosphere that fosters a more varied and dynamic workplace.

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mutation is the ultimate source of genetic variability. why is this statement correct?

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Mutation is a process that can occur spontaneously during DNA replication or as a result of exposure to environmental factors such as radiation or chemicals. When a mutation occurs, it changes the nucleotide sequence of the DNA, which can have a variety of effects on the organism. Mutations can be beneficial, harmful, or have no effect on the organism.

Beneficial mutations can provide an advantage to an organism by giving it a new trait or function that allows it to survive and reproduce more successfully. For example, a mutation that confers resistance to a particular disease or toxin can be highly beneficial in an environment where that disease or toxin is present.

Harmful mutations, on the other hand, can reduce an organism's fitness and make it less likely to survive and reproduce. Some mutations have no effect on the organism at all, either because they occur in a non-coding region of the DNA or because they do not change the amino acid sequence of the protein that is produced.

Over time, mutations accumulate in a population, leading to genetic diversity. This diversity is the raw material for natural selection, which acts on this variability to promote the survival and reproduction of individuals with traits that are better adapted to their environment.

In conclusion, mutations are the ultimate source of genetic variability because they are the primary mechanism by which new genetic information is generated and introduced into a population.

Mutations can be beneficial, harmful, or have no effect on the organism, and they accumulate over time to create genetic diversity. This diversity is the raw material for natural selection, which acts on this variability to promote the survival and reproduction of individuals with traits that are better adapted to their environment.

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how does customer orientation play a part in the marketing concept?

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The marketing concept is a business philosophy that is centered around understanding and satisfying the needs of the customers.

In this philosophy, the customer is the center of all business activities, and the focus is on creating value for the customer, which will, in turn, lead to profitable returns for the company. Customer orientation is a critical component of the marketing concept as it emphasizes the importance of understanding the customer's needs, wants, and expectations. A company that is customer-oriented will prioritize the customer's needs and will design its products, services, and marketing strategies to meet those needs. By doing so, the company is more likely to develop a loyal customer base and increase customer satisfaction, which can lead to increased sales and profitability. One of the key ways that customer orientation plays a part in the marketing concept is through market research. Companies that are customer-oriented will conduct extensive research to understand the customer's needs and preferences, as well as their buying behavior. This information can then be used to develop products, services, and marketing strategies that meet the needs of the customer. For example, if a company discovers that customers are interested in eco-friendly products, it may focus on developing and promoting products that are environmentally friendly. By doing so, the company is demonstrating that it is listening to the customer's needs and wants and is making an effort to meet those needs. Another way that customer orientation plays a part in the marketing concept is through customer service.

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starfruit furniture's stock fell 2 points yesterday. what integer represents the change in the stock's value?

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In this case, the integer -2 represents a decrease in the stock's value. The reason is a drop in the value of the share by 2 points. An integer is a type of number that is neither positive nor negative, so an integer can represent both an increase and a decrease in the value of a stock.

When the value of a stock decreases, it is called a decline. This means that the share price is lower than the day before. The opposite of a decline is a rise, which is when the price of a stock rises. When interpreting stock market numbers, it is important to be able to distinguish between increases and decreases in the value of a stock. This is why whole numbers are used to represent changes in stock prices.

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by purchasing digital dossiers, companies are seeking to know their customers better through a process called ________.

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By purchasing digital dossiers, companies are seeking to know their customers better through a process called data profiling.

Customers are the backbone of any successful business. Understanding their needs, preferences, and behaviors is crucial to delivering high-quality products and services, building strong relationships, and achieving long-term success. Companies use various methods to know their customers better, including data profiling, customer surveys, and customer feedback mechanisms. Data profiling involves collecting, analyzing, and organizing information about individuals and groups to create detailed profiles of their habits, preferences, and behaviors. This information can then be used to inform marketing and sales efforts, as well as to develop new products and services that better meet the needs and wants of customers. Effective customer communication is also critical to success. Companies should strive to listen to their customers and respond to their feedback, both positive and negative.

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in the planning stage of the writing process, business writers collect research. which question should a business writer ask when collecting research?

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Planning is essential when writing business messages because at this stage of the writing process, business writers collect research.

A primary source is an original document that contains firsthand information on a subject. The best informal research methods include asking quality questions, drawing on prior experience and knowledge, using guesses and hunches, having conversations, taking surveys, reading documents, searching the Internet, running mini-experiments, and taking a test.The irony lies in a difference between what is expected and what actually occurs.It is a technique used by authors to make their audiences stop and think,or to emphasize a main idea. The first step in the marketing research process is defining the problem or question that your research is followed by conducting research plan to answer that question by collecting and analyzing the data, and then producing a report.

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which of the following accounts is not listed in a post-closing trial balance? multiple choice accounts payable. salaries expense. retained earnings. prepaid rent.

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Retained earnings is not listed in a post-closing trial balance.

What is Retained Earnings?

Retained earnings refer to the portion of a company's net income that is kept by the company, instead of being distributed as dividends to shareholders. Retained earnings can be reinvested in the business for future growth or used for other purposes, such as paying off debt or making acquisitions.

The amount of retained earnings is recorded in the shareholder's equity section of the company's balance sheet.

A shareholder is a person or an organization that owns at least one share of stock in a corporation. They are considered part owners of the company and have a vested interest in its performance and financial success. Shareholders are entitled to certain rights, such as the ability to vote on corporate matters, receive dividends, and share in the company's assets if it is liquidated.

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in order to achieve positive change, visions must address what?

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In order to achieve positive change, visions must address values. A vision statement offers a succinct summary of a company's long-term objectives. It conveys the company's goals for changing the world and is frequently ambitious. Consider it a guide for making choices that are consistent with the principles and goals of your business.

Your vision for your company's future is expressed in your business plan. It will be in line with your aspirations and goals for your company. The official channel through which you let others know about your company's achieve and goals is through its vision. A think tank called Common Vision is attempting to alter the perception of our shared future.

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please share an example of a time when you were working as part of a team and the group encountered a challenge. how did you work through that challenge, what role did you play, and what did you learn from that experience?

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Here are a few examples of typical challenging job scenarios: battling a coworker at the office. not being able to speak up about what you believe to be wrong. The overall performance of your squad is subpar.

How do you react to this? In what circumstance did you and a teammate disagree?

Last but not least, keep in mind to use the following guidance when replying to questions about conflict in the workplace: Give concrete examples of achievements that met your goals and were measurable Describe a specific instance, preferably one that the interviewer can connect to. Rather than just stating the problem, provide a solution.

How ought I to react? Give an instance of a time when you managed to settle a conflict at work.Select a story in which you could: Achieve a successful outcome by resolving the disagreement.You can share with the interviewer what you learned from the exchange.Didn't cost the company a lot of time or money; you don't want to talk about a significant disagreement that significantly hurt your company.

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If a supply curve for a good is price elastic, then: ___________

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The quantity supplied is sensitive to variations in the price of the good if the supply curve for that good exhibits price elasticities.

The quantity demanded or supplied responds to price changes in a way that is larger than proportionate, according to elastic demand or supply curves. A demand or supply curve that is inelastic will result in a lesser percentage change in quantity demanded or supplied for a given change in price.

A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. Basic economic theory states that when a good's price grows, so will its supply. A good's supply will fall when its price rises, on the other hand.

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compared to neoclassical economics, behavioral economics is better able to . multiple choice question. produce simplified view of behavior assess future options just as well as current options make predictions about behavior predict the choice that will be made

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Current options make predictions about behavior predict the choice that will be made.

Aug 11, 2021. To comprehend how and why people behave in the real world, behavioural economics blends principles of economics and psychology. It varies from neoclassical economics, which makes the assumption that most people have clearly defined interests and base their decisions on those preferences in a well-informed, self-interested manner. There is no genuine distinction; behavioural economics just investigates the workings of rational decision-making more thoroughly. Neoclassical economics is no longer a reliable source of justifications for economic results; behavioural economics is. Neoclassical economics' fundamental tenets are that people behave freely based on possessing all the necessary knowledge about a choice or action, that firms seek to maximise profits, that consumers make rational decisions to maximise utility.

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