Answer:
A change in quantity demand is caused by a change in the price per unit of a given product. It is reflected by movement along the demand curve.
Explanation:
The law of demand states that there is an inverse relationship between price and demand. So, as the price of a commodity decreases, the demand for that product increases.[1] Therefore, the cause behind a change in quantity demanded is the price per unit. As a producer changes the price of a good, demand changes accordingly.
Note that this is different than a change in demand, which is caused by a change in the determinants of demand and is reflected by a shift in a given demand curve.
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what can you infer about the fall in unemployment rates for the country as a whole over this period? was it caused by a net gain in the number of jobs or by a large fall in the number of people seeking jobs?
The additional cost of building another bus will rise as labour costs do.
A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to obtain it. The cost is the sum of money that a business spends on the development or manufacturing of goods or services. The markup for profit is excluded. The sum of money spent to create a good or product, as seen from the seller's perspective, is the cost. The amount of money that a business had to spend on the production of its goods or services is known as the cost.
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Knopp Company experienced an event that had the following effects on its financial statements.
The occurrence that Knopp Company dealt with had the following effects on its financial statements: Earned cash revenue.
Effects:
Earning cash revenue indicates that the organisation has made cash sales.Cash is received and income is received in the case of cash sales.As a result, assets (cash) grew. Additionally, as income rises, equity rises as well.Both revenue and net profit rise as a result.Cash flow from operating operations also refers to this.The above transaction has the following outcome:
Balance sheet Income Statement Statement of
Assets = Liabilities + Equity Rev. − Exp. = Net Inc. Cash Flows
+ NA + + NA + + OA
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what is the relationship between income and demand?
Income and demand are directly correlated in the case of common products, which means that as income rises, demand will follow suit, and as income falls, demand will decline.
Inferior goods, as we previously discovered, have a negative income elasticity of demand due to the inverse link between income and demand. Contrarily, the relationship between income and demand for normal commodities is positive, as seen by a positive income elasticity of demand.
Between income and demand for a typical good, there is an elastic relationship. To put it another way, shifts in income and demand are positively connected or move in the same direction. The consumer base's income.
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you work as a supervisor for the engineering department of an organization that mainly performs operational activities with the occasional project on the side. the organization is made up of both union and nonunion workers and most of the revenue is derived from the operational side of the business. the projects for your organization are normally handled by an external company that specializes in project work. however, due to budget constraints, you are currently working on a new project for your organization. the project charter has been created, identifying you as the project manager. however, no other team members have been assigned to the project. you have been working closely with the human resources department to identify the project roles and responsibilities that are going to be required on the project team. which of the following is a possible constraint for this scenario? answers a. environmental regulations b. organizational structure c. business need d. market research
A possible constraint for the scenario is the organizational structure.
What do you mean by organizational structure?
Organizational structure refers to the framework of a company's hierarchy and how it is divided and managed. It outlines the relationships between different departments and positions, assigns roles and responsibilities, and dictates how information flows. The structure influences the success of a project by affecting decision-making, resource allocation, and responsibility distribution.
The structure of the organization can impact the availability of personnel and resources for the project and also dictate the rules and procedures that must be followed during the project. A well-defined organizational structure helps ensure efficient and effective decision-making, clear lines of communication, and a streamlined workflow.
Hence, the answer is, a possible constraint for the scenario is the organizational structure.
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which of the following accurately describes an automatic extension for trusts?A. The extension is automatically granted if requested timely.B. The extension request must be accompanied by full payment of the tax expected to be due.C. The extension will be for a longer time period for 2017 tax returns than it was for 2016 tax returns .D. The filing of an extension for the estate automatically extends the due date of the tax returns of the beneficiaries.
A. The extension is automatically granted if requested timely, Individual tax filers can online seek an automatic extension through Free File, regardless of their income.
The additional time allowed to file the trust's tax return over the first due date is referred to as an automatic extension for trusts. If the request is made by the deadline, it is automatically approved in the United States. The deadline for making any outstanding tax payments is not, however, extended by the extension. To prevent late payment fines and interest, the estate must calculate the amount of tax payable and submit a payment together with the extension request. The deadline for the beneficiaries' tax returns is not automatically extended by the filing of an extension for the estate.
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which of the following is not a step that is critical to creating an agility capability? Map processes to make them visible.
Automate value-added process whenever possible.
Use information systems to monitor operations.
Cross-train workers and organize work in multifunctional teams
Design performance measures to value agility.
Build learning loops into every process throughout the organization.
Design performance measures to value agility is not a step that is critical to creating an agility capability. Therefore, option D is correct.
Designing performance measures refers to the process of developing metrics and indicators that assess the effectiveness and efficiency of an organization's operations and strategies.
These measures are designed to capture and evaluate key performance areas and provide insights into the organization's ability to achieve its goals and objectives.
In the context of agility, performance measures that value agility focus on assessing the organization's responsiveness, adaptability, and ability to quickly and effectively navigate changing market conditions.
These measures may include indicators related to speed of response, flexibility, innovation, customer satisfaction, and market share.
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each pi planning meeting evolves over time, and ending pi planning with a retrospective will help to do what?
Pi Planning meetings are an important part of any agile team's workflow. As the team progresses, it is important to keep the meetings up to date and ensure they are providing the most value.
One way to do this is by incorporating a retrospective session at the end of each pi planning meeting. This will allow the team to look back and analyse what went well, what could have been done better, and what should be changed for the next pi planning session.
Furthermore, this will help the team to recognise their successes, learn from the mistakes, and be better prepared for the future. Through this process of reflection, the team can ensure they are constantly striving to improve and reach their goals.
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refer to the tables. in latalia the domestic opportunity cost of 1 ton of pork: group of answer choices is 3 tons of beans. diminishes with the level of pork production. is 5 tons of beans. is 1/5 of a ton of beans.
Refers to the table, in Latalia the domestic opportunity cost of 1 ton of pork is 5 tons of beans. For further more explanation you can see below.
The production possibilities table shows the maximum amount of goods that Latalia can produce with its available resources and technology. At point B, Latalia produces 3 tons of pork and 5 tons of beans. In order to produce an additional 1 ton of pork (from 3 to 4), Latalia must give up the opportunity to produce 5 tons of beans (from 5 to 0). Therefore, the opportunity cost of producing 1 ton of pork is 5 tons of beans. This relationship holds for each unit of pork that Latalia produces, and therefore the domestic opportunity cost of 1 ton of pork in Latalia is 5 tons of beans.
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a contract that binds the offeror to keep an offer open for a specified period of time is known as:
An option contract is one that requires the offeror to keep their offer open for a predetermined amount of time.
An option contract is a pact between two parties to enable a future transaction on an underlying security at a predetermined price, known as the strike price, before or on the expiration date. "A promise which fits the requirements for the creation of a contract and limits the promisor's capacity to cancel an offer" is the definition of an option contract, or simply "option." In professional sports, option contracts are typical. An offeree is protected by an option contract against the offeror's authority to revoke the offer to enter into a contract.
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You are bearish on Telecom and decide to sell short 100 shares at the current market price of $48 per share.a. How much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position?b. How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position?
The initial margin requirement of 50% value is $2400 and maintenance margin of 30% is $8000.
The total value of the stocks sold short is V=48 ∗100=$ 4800 hence the 50% is 2400. b )We get the total value at which the $1,600 initial margin requirement becomes worth 30% of the whole position if the maintenance margin is 30% of the value of the short position. 0.3=2400/V. hence, V=$8000. Then we calculate the price of the stock by dividing the value by the number of shares in the position. P =8,000/100=$80. Using a margin account, it is feasible to buy or sell short stocks when trading equities. In these accounts, the brokerage will either demand a level of cash equal to a portion of the value of the stocks sold short or will lend the money required to acquire a stock.
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was it fair that gce as a company was held liable for gross negligence in engineering and competence
To answer the question of whether it was fair that GCE was held liable, we need to consider the details of the case. Gross negligence is a term used to describe a situation where a person or entity is reckless or careless in their actions, causing harm to others.
Previously, GCE, a company, was held liable for gross negligence in engineering and competence. This issue raises important questions about corporate responsibility and the consequences of mistakes in the business world.
As a result, the company was held responsible and liable for their actions. This means that they may be required to pay compensation or damages to those who were affected by their actions.
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under which form of budget appropriation are appropriated expenses planned according to major work area or activity with no further detailed breakdown?
Appropriation by activity is a type of budget appropriation in which expenses are planned by major work area or activity with no further detailed breakdown.
What is budget appropriation?Appropriation is the act of allocating funds for a specific purpose. In the budgeting process, a company or government appropriates money. Congress in the United States makes appropriations for the federal government.The act of reserving something for a specific use to the exclusion of all others is known as appropriation. It usually refers to the legislative allocation of funds for specific purposes in the context of a budget or spending bill.A budgetary appropriation is a legislative authorization to make expenditures and incur obligations for specific purposes.A congressional act that grants budget authority to an agency. An appropriation authorizes the agency to incur obligations and make payments from the United States Treasury.To learn more about appropriation refer to :
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you work in an organization with multiple project managers who get together in the company's lounge to relax or talk about the day's events. one of the project managers starts discussing with you the need for some processes and practices to be more efficient. what approach is normally taken to achieve the results that the project manager is describing? answers a. reserve analysis b. swot analysis c. kaizen d. gold plating
Answer:
Of course B, Swot analysis, Have a nice day!
chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) required: if chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income?
According to the formula used to calculate Chuck's federal income tax bill for the year ($14,606.25 = $5,081.25 + 25%($75,000 - $36,900)),
The typical tax rate for Chuck is 19.48%.
Briefing:-Taxable Income Totals / Average Tax Rate ($14,606.25/$75,000) = 19.48%
The effective tax rate for Chuck is 17.18%.
Totals/TotalIncome = $14,606.26/($75000+$10,000) = 17.18% for the effective tax rate.
Chuck is currently subject to a tax rate of 25%. His marginal tax rate is 25% on income increases up to $14,350 and income reductions up to $38,100.
Who is subject to federal income tax?However, the federal income tax is imposed on all inhabitants and citizens of the United States. But not everyone is required to file a tax return. 26 U.S.C. contains the filing requirements.
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The change in daily price of a stock is what type of variable? A. Qualitative B. Ordinal C. Random D. Quantitative. D. Quantitative.
Answer: option D
Suppose the daily change of price of a company's stock on the stock market is a random variable with mean 0 and variance
σ
2
.
That is, if Yn represents the price of the stock on the nth day, then
Y
n
=
Y
n
−
1
+
X
n
,
n
≥
1
, where X1, X2, ... are independent and identically distributed random variables with mean 0 and variance
σ
2
.
If the stock's price today is $100, and
σ
2
=
1
, what can you say about the probability that the stock's price will exceed $105 after 10 days?
Chebyshev's inequality: Chebyshev's inequality is used to get an idea where our probability value will lie. It does not give an exact value of probability but it gives an upper bound or lower bound, above or below which our probability value will lie.The inequality is of great importance because it can be applied to any probability distribution in which the mean
μ
and variance
σ
2
are estimated.
The change in daily price of a stock is a quantitative variable because it is numerical and can be used to describe how much the stock price has changed over a single day. This understanding is important for anyone interested in finance and the stock market.
Stocks are an important part of modern finance and a popular topic among students. The change in the daily price of a stock refers to the fluctuation of the price of a stock over a single day.
When it comes to stock prices, the type of variable being discussed is important to understand. In this case, the change in daily price of a stock is a quantitative variable.
A quantitative variable is a type of variable that can be measured numerically. It can take on any value within a given range and can be used to describe how much of something there is.
In the case of the change in daily price of a stock, the quantitative variable is the amount by which the stock price changed. This can be measured in dollar amounts or as a percentage of the stock's initial value.
Quantitative variables are different from qualitative variables, which are variables that describe qualities or attributes.
For example, the color of a stock certificate is a qualitative variable because it describes a quality of the certificate, but it is not numerical and cannot be used to describe how much of something there is.
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the international monetary fund controls fluctuations in exchange rates in order to prevent severe balance of payments problems. true or false
Answer: True
Explanation:
Dario wants to start a busimess in hes hometown, butt first he wants to research the market and how successful his business might be. the best way for dario to gain knowledge is to A.take advice about the market from his friends and relatives B. study the history of saccessful firms in the field to get an idea of how to go about the businessc. start the business on a smas scale and fest the market and then expand the business by selling more products with greater demand D. Conduct a consumer survey E. Work for an established form in this business
The best way for Dario to gain knowledge is to : B. study the history of successful firms in the field to get an idea of how to go about the business.
You ought to plan completely prior to starting a business, however understand that things will very likely turn out badly. To maintain an effective business, you should adjust to changing circumstances.
Conducting in-depth market research on your field and the socio-economics of your potential customer base is an important piece of crafting a business plan. This involves running studies, holding center groups, and researching Website design enhancement and public information.
As well as selling your item or administration, you really want to develop your brand and get a following of individuals who are interested in what your business offers.
This article is for entrepreneurs who want to gain proficiency with the fundamental stages of starting another business.
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What is a common base year balance sheet?
The total dollar value as well as the proportionate percentage of the total assets, total liabilities, and total equity accounts are displayed on a balance sheet of a standard size.
An average base year is what?In accounting and statistics, the presenting of financial data as a share of an amount from the previous year. When expressing all financial data, a business may use the base year as the first year of operations or the first year it was profitable.
What serves as the framework for a balance sheet of the typical size?When performing a balance sheet common size analysis, the value of all assets is commonly utilized as the base value. The sum of the balance sheet's assets, liabilities, and shareholders' equity equals the sum of the assets' respective values.
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true or false. hypothetical calculations that would be done to help creditors understand how much money they might receive if the company were to liquidate.
The statement "true or false. Hypothetical calculations that would be done to help creditors understand how much money they might receive if the company were to liquidate" is a question about the accuracy of the statement, not its truthfulness.
The statement itself is true, as creditors would be interested in understanding the potential return on their investment if a company were to liquidate its assets.
In the event of a liquidation, creditors would want to know how much money they can expect to receive from the sale of the company's assets. Hypothetical calculations can be used to estimate the value of the assets, which can then be used to determine the amount of money creditors might receive in the liquidation.
These calculations would take into account factors such as the value of the assets, the costs of selling them, and the amount of debt owed by the company.
The results of these calculations would be used to help creditors understand their potential return on investment, which would assist them in making decisions about the future of the company.
Creditors would use this information to determine whether it is in their best interest to continue to support the company, or to seek alternative options such as seeking a restructuring or selling their investments.
In conclusion, the statement "true or false. Hypothetical calculations that would be done to help creditors understand how much money they might receive if the company were to liquidate" is true, as these calculations are an important tool for creditors in understanding the potential return on their investment in the event of a liquidation.
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suppose paraguay can produce 12 wheat or 3 corn. suppose bolivia can produce 4 wheat or 2 corn. suppose opportunity costs are constant. given these production possibilities, group of answer choices paraguay has a comparative advantage in both goods. paraguay has a comparative advantage in wheat. paraguay has an absolute advantage in neither good. paraguay has a comparative advantage in corn.
A situation when a person, company, or nation can create a good or service at a lower opportunity cost than another producer is referred to as having a comparative advantage.
What is Comparative advantage and gains from trade?
Absolute advantage refers to a circumstance when a person, organization, or nation may produce more of a good or service than any other producer with the same amount of resources. For instance, the US has a highly educated labor force, an abundance of resources, and cutting-edge technology. These three factors allow the US to produce various items more effectively than possible trading partners, giving it a clear edge in the manufacturing of goods ranging from corn to computers, maple syrup to autos. However, this does not imply that the US does not gain from trade for these products with other countries. For instance, compared to avocados, a fruit better suited to Canada's environment, maple syrup production in that country may be done at a very cheap opportunity cost due to the number of maple trees there.
Mexico, on the other hand, has a climate that is warm and sunny, making it possible to grow avocados there at a considerably lower opportunity cost than it would in Canada for maple syrup production.
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seller dan knows that he has an outstanding lien on his property, so he pays one of the parties to the transaction to ignore it. who did dan most likely involve in his mortgage fraud scheme?
A conviction for mortgage fraud can result in legal action and jail sentence for the perpetrator.
Which type of fraud involving borrowers in the mortgage procedure is most common? Occupancy fraud, which happens when the borrower fails to inhabit the property despite having stated on the loan application that it was their primary residence, was the most frequently reported false statement.104 (80.62%) of these reports involved occupancy fraud.A conviction for mortgage fraud can result in legal action and jail sentence for the perpetrator.Mortgage fraud is a crime in the United States that carries a maximum sentence of 30 years in prison and a maximum fine of $1 million under both federal and state law.A conviction for mortgage fraud can result in legal action and jail sentence for the perpetrator.Mortgage fraud is a crime in the United States that carries a maximum sentence of 30 years in prison and a maximum fine of $1 million under both federal and state law.
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a retired person receives a pension payment of $1,200 during 2019, and then in 2020 receives a letter from the pension administrator informing them that an internal audit of the pension computer system revealed that the administrator made a mistake and overpaid benefits in 2019. as such, they now want the pension recipient to repay (the overpayment) by writing a check back to the pension plan in 2020. under section 1341, claim of right, the taxpayer is entitled to claim a deduction for what amount of the overpayment on his or her income tax return?
You might be able to take a credit against your taxes for the year you made the repayment if the amount you paid back is greater than $3,000 in total.
If you paid back income that was reported in a prior year that was at least $3,000 because it was paid in error, you can claim that deduction now. It is also referred to as a "claim of right" and is a credit for taxes paid on wages from the previous year that were not ultimately received.
When a taxpayer faces a circumstance known as a Claim of Right, they have two options—a tax deduction and a payback credit—under Internal Revenue Code Section 1341.
In plain English, a claim of right is basically when a taxpayer declares money as taxable in one year but is subsequently required to pay it back in a subsequent tax year.
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Which one of the following is the fourth step in the entrepreneurial process?
(A) Developing successful business ideas
(B) Initiating New rules
(C) Deciding to become an entrepreneur
(D) Growing the entrepreneurial firm
The fourth step in the entrepreneurial process is "Growing the entrepreneurial firm."
The correct option is D
After an entrepreneur has successfully launched their business and established a customer base, the next step is to expand and grow the company.
This may involve increasing the product line, entering new markets, acquiring additional resources and employees, or exploring new business opportunities.
Growing the firm is an important step in the entrepreneurial process as it allows the entrepreneur to capitalize on their initial success, increase revenue, and build a sustainable business.
It requires strategic planning, risk assessment, and the ability to effectively manage the growth of the company while maintaining its core values and mission.
Effective growth strategies help to ensure the long-term success and sustainability of the entrepreneurial firm.
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which of the following lists only factors that would cause a decrease in the demand for a good? group of answer choices a decrease in popularity of a good; a rise in income (if the good is an inferior good); a fall in the price of a substitute good. a decrease in the number of consumers in the market; a rise in the price of a substitute good; a fall in the price of a complementary good. an increase in congestion effects; a decrease in the number of consumers in the market; increase in popularity of a product. an increase in network effects; a rise in income (if the good is a normal good); a rise in the price of a substitute good.
List of the elements that would result in a decline in product demand: (i) A drop in a product's popularity. (ii) Increase in income if the good is subpar (iii) A drop in the cost of a replacement good
Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them. Demand for a good or service typically declines when its price goes up. The amount needed will rise when a product's price drops, in a similar manner.
Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day. For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
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leto incorporated has $500,000 in an investment paying 8% annual taxable interest. each year, the corporation incurs a $3,000 nondeductible cash expense relating to the investment. if leto's marginal tax rate is 35%, compute the annual after-tax cash flow.
Leto incorporated has $500,000 in an investment paying 8% annual taxable interest. The annual after-tax cash flow is $23,000.
What is after-tax cash flow?
The ability of a business to produce cash flow through its operations is examined by cash flow after taxes (CFAT). Non-cash expenses including impairment, depreciation, restructuring costs, and amortization are added back to net income to determine CFAT. A corporation's investment or project's cash flow can be calculated using CFAT. The CFAT of competitors in the same industry can be used to compare a company's financial performance over time and health.
Annual tax cost is ($40,000 annual interest * 35%) = $14,000
After-tax cash flow is ($40,000 interest - $3,000 expense - $14,000 tax cost) = $23,000
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FILL IN THE BLANK. according to the principles of mercantilism, wealth is ______, and a nation or person can grow rich only ______.
According to the principles of mercantilism, wealth is accumulated, and a nation or person can grow rich only by accumulating more gold and silver.
Mercantilism is an economic policy wherein nations aimed to grow their riches and authority by acquiring enormous quantities of gold and silver and exporting more products than they purchased. The three mercantile principles are as follows:
The global wealth is roughly constant.The amount of precious metals possessed by a country accurately represents its wealth.The necessity to stimulate exports rather than imports as a strategy of achieving a favorable trade balance in order to generate precious metals.The core tenet of Mercantilism is that growing exports and hence commerce serviced a nation's wealth and power best. It was a business philosophy. It refers to a type of economic strategy practiced by European colonial powers. As a result, such policies frequently resulted in war and fueled colonialization. The sophistication of mercantile philosophy varies from writer to writer and it has grown throughout time.
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with trade, the knowledge used by an entire economy would be about the same as the knowledge had by:
A nation has the option of specializing in the production of commodities and services for which it has a comparative advantage while trading for other necessary goods and services.
What is the basis for trade? A nation has the option of specializing in the production of commodities and services for which it has a comparative advantage while trading for other necessary goods and services.Balassa discovered that the US has an unbeatable advantage in each of the 28 industries.Countries trade because they each have various comparative advantages, according to the comparative advantage theory.It demonstrates that pursuing comparative advantage and producing at a reduced opportunity cost are what lead to the benefits of global commerce.Because each party will purchase a good at a price that is less than its opportunity cost of creating that good, the existence of a comparative advantage enables trading to be profitable for both sides.Trade and specialization can be advantageous for nations if they have disparate opportunity costs in manufacturing.
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Which of the following are associated with marketing, as defined by the American Marketing Association? (Check all that apply.)A. organizations that develop industry partnerships for international outsourcingB. institutions that facilitate the exchange of offerings that have value for customersC. institutions that implement technologies for increased production efficiencyD. activities that communicate offerings that have value for society at large
According to the American Marketing Association, the following are things that are related to marketing (Check all that apply.) A. businesses that create industry alliances for global outsourcing
The American Marketing Association (AMA), a professional organisation for marketing experts, had 30,000 members as of 2012. In the US, there are 250 collegiate organisations and 76 professional groups. [Requires second source The National Association of Marketing Teachers and the American Marketing Society were combined to establish the American Marketing Association (AMA) in 1937, 86 years ago. A variety of manuals and research articles are also published by it. The Journal of Marketing, Journal of Marketing Research, Journal of Public Policy and Marketing, Journal of International Marketing, and Marketing News are all publications of the American Marketing Association. It supports the Alpha Mu Alpha honour society for undergraduate students. Organization A board of directors is chosen by the American Marketing Association each year.
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Suppose that the population of annual health care claims by employees is normally distributed with a mean of $9,500 and a standard deviation of $3,000.(a) Suppose that 5 employees are selected at random. What is the probability that the average health care claims of these 5 employees exceed $11,000?(b) Suppose that 5 employees are selected at random. What is the probability that all 5 of their health care claims each exceed $11,000?
If 5 employees are selected at random the probability that the average health care claims of these 5 employees exceed $11,000 will be 1.36 (difference of sd and mean / 11,000 = 1.36)
A random variable probability is a real-valued function that is defined across the sample space of a random experiment. In other words, the results of the random experiment match the values of the random variable. There are two types of random variables: discrete and continuous. Let's talk about the many types of random variables in this essay. The range of potential outcomes for a random event is known as the sample space, which is the domain of a random variable. For instance, when a coin is tossed, there are only two possible results: heads or tails.
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what led to the market revoluntion
The development of new transportation technologies was one of the main causes that caused this economic change.
Which three factors played the biggest roles in the Market revolution?The manufacture of things for a cash market; the use of technologies and developments to generate commodities for a mass market; and the quick advancements in transportation and communication.
At what point did the market revolution begin?A market revolution that began in the 1820s and 1830s was revolutionizing both domestic and international trade. Independent artisans were being pushed out by factories and mass production. Produce from farms was grown and shipped by cheap modes of transportation, such the Erie Canal, to distant, rather than local, markets.
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