Correct answer is Remind the group of the significance of wonderful reinforcement.
What is the importance of superb reinforcement?Positive reinforcement virtually defines and communicates favored behaviors while strengthening the relationship between performance and recognition. Employees whose overall performance is rewarded or recognized are more open to mastering new techniques, skills, and taking on extra responsibility.
As mentioned above, high quality reinforcement refers to introducing a appropriate stimulus (i.e., a reward) to encourage the behavior that is desired. An instance of this is giving a baby a deal with when he or she is polite to a stranger.
Learn more about positive reinforcement here:
https://brainly.com/question/15095384#SPJ1What is the gross profit formula?
The gross profit formula is used to calculate the amount of money a company has made after subtracting the cost of goods sold (COGS) from its revenue.
The formula is as follows: Gross Profit = Revenue - COGS. Revenue is the total amount of money the company has made from selling its products or services.
COGS, on the other hand, represents the direct costs associated with producing the goods or services that were sold. This includes the cost of raw materials, labor, and any other direct expenses incurred in the production process.
It's important to note that gross profit only takes into account the direct costs of producing goods or services and does not consider indirect costs such as marketing, rent, utilities, and other overhead expenses.
Gross profit is a crucial metric for businesses as it provides insight into the profitability of a company's operations and can help with decision-making such as pricing strategy, cost management, and investment planning.
To learn more about gross profit
https://brainly.com/question/29064762
#SPJ4
what does the intellectual property is the works, on inventions or creations of an individual, group or business?
Intellectual property is the works, inventions, or creations of an individual, group, or business that are Protected under the law
Intellectual property refers to the creations of an individual, group, or business that are protected under the law. Also, Intellectual property (IP) refers to the creations of the mind, such as inventions, literary and artistic works, symbols, names, images, and designs, used in commerce. This can include works of authorship, such as books, music, and software; inventions, such as machines and processes; and other creative works, such as designs, symbols, and names. Intellectual property rights protect the interests of creators by giving them exclusive rights to use, license, or sell their creations for a specific period. The main types of intellectual property include patents, trademarks, copyrights, and trade secrets. IP laws aim to encourage innovation and creativity by providing incentives to inventors and creators to share their works with the public.
For such more questions Finance: brainly.com/question/12957049
#SPJ4
Why are economies most efficient when they have full employment?A. No productive resources are left unusedB. No one person has to work too hard. C. Wages are spent for consumer goodsD. Unemployment offices can be closed.
(A) Because no productive resource is idle, economies function best when all of their resources are being used under full employment.
What is full employment?When there is full employment, neither cyclical nor deficient-demand unemployment exists.
The eradication of all unemployment is not guaranteed by full employment because frictional and structural unemployment can still exist.
Since this type of unemployment is frictional rather than cyclical, people who are "between jobs" for brief periods of time while looking for better employment are not counted against full employment.
When part-time workers cannot find occupations that match their skill level, there may be underemployment or unemployment in an economy with full employment.
This type of unemployment is considered structural rather than cyclical.
Because no productive resources are idle, economies are most efficient when they are fully employed.
Therefore, (A) because no productive resource is idle, economies function best when all of their resources are being used under full employment.
Know more about full employment here:
https://brainly.com/question/25040267
#SPJ4
performance measures should support customer requirements. t/f
Yes , Customer requirements should be supported by performance metrics.
What is the customer perspective performance metric?
Customer satisfaction, customer retention, new customer acquisition, customer profitability, and market share in targeted areas are among the key outcome metrics.
The level to which a process' output satisfies client expectations is known as quality. both applicable to products and services. Customer reviews of products and services are operational quality performance indicators. Which of the following performance views in the balanced scorecard model includes metrics like flow time, asset usage, and productivity? The execution of the important internal operations that power a firm is the focus of the internal perspective.
To know more about customer viewpoint click on the link below:
https://brainly.com/question/26313265
#SPJ1
Which would an economist consider a likely substitute for coffee?
As an economist, I would have to consider a variety of variables, such as customer preferences, accessibility, and cost, before determining a plausible replacement for coffee.
As an economist, I would say that a potential replacement for coffee would depend on a variety of elements, such as customer preferences, accessibility, and cost. Tea, energy drinks, and soda are a few alternatives to coffee that could be considered. Some coffee users may find these replacements to their liking because they have various taste profiles and differing caffeine contents. In addition, if customers want a similar taste without the caffeine, they may choose substitutes like hot chocolate, herbal tea, or decaf coffee. The consumer's willingness to pay for these alternate beverages and their perceived value in comparison to coffee will ultimately determine the market for coffee substitutes.
learn more about Economist here:
brainly.com/question/14299791
#SPJ4
choose the statement that would best fit under an organization’s integrity-based ethics code.
The statement that would best fit under an organization’s integrity-based ethics code is stresses shared accountability.
An integrity-based ethics code refers to a set of principles and values that guide the behavior and decision-making of an organization and its members. It sets expectations for ethical behavior and outlines the consequences of violating these standards.
When the code stresses shared accountability, it means that all members of the organization are expected to take responsibility for their actions and decisions, and to hold themselves and others accountable for acting in accordance with the ethics code. This includes not only following the rules and regulations, but also demonstrating integrity and ethical behavior in all aspects of their work.
Shared accountability helps to create a culture of ethics within the organization, where everyone is committed to doing the right thing, and where there is a shared responsibility for promoting and maintaining ethical standards.
Learn more about ethics code here:
https://brainly.com/question/28421418
#SPJ4
Owens Company started Year 2 with $10,000 in accounts payable. On March 1, Owens incurred expenses of $6,000 on account. If the ending balance of accounts payable was $4,000. How much of the accounts payable did Owens pay off during the year?A. $20,000B. $12.000C. $ 4,000D. $ 6,000
If the final accounts payable balance was $4,000, Owens paid off $ 4,000 D in accounts payable throughout the course of the year.
Costs that a company will have to pay after getting products or services are known as incurred expenses. The term "incurred expenses" refers to all items and services that must be paid for in the future. Expenses that have been paid off are referred to as paid expenses. Costs are frequently paid as soon as they are incurred, so becoming paid costs. A $5,000 shipment of paper from another company is an illustration of an incurred expense. The company owes $5,000 to the other company until it is paid. The paper, however, becomes a paid expense as soon as that business receives the $5,000. A firm does not always acquire goods or equipment as incurred expenses. It may consist of the price of labour for contract employees.
learn more about incurred expenses here:
https://brainly.com/question/29569902
#SPJ4
What is the IFRS for SMEs?
The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is a standard developed by the International Accounting Standards Board (IASB) to provide a simplified set of accounting requirements for small and medium-sized entities (SMEs).
The IFRS for SMEs is designed to meet the needs of private companies that do not have public accountability and do not have to comply with full IFRS standards. It is intended to be less complex and easier to understand and apply than the full IFRS standards, while still providing useful information to stakeholders.
The IFRS for SMEs covers a wide range of accounting topics, including financial statements, recognition and measurement of assets, liabilities, income and expenses, and disclosures. The standard also includes guidance on topics such as foreign currency translation, segment reporting, and related party transactions.
It should be noted that the IFRS for SMEs is not a one-size-fits-all solution and may need to be adapted to meet the specific needs and circumstances of individual SMEs.
For more such questions on SMEs
https://brainly.com/question/29560905
#SPJ4
which kind of economy is most common in the world today?
Many people around the world have seen significant increases in wealth as a result of the push for economic growth in recent decades.
What is economic growth?Economic growth refers to an increase in production of goods and services within an economy over period of time. This can be measured by changes in Gross Domestic Product (GDP) or Gross National Product (GNP) of a country. Economic growth is an essential component for the development of any country as it generates employment, increases incomes, improves standards of living, and reduces poverty. It is driven by various factors such as investments, technological advancements, political stability, and favorable government policies. Economic growth also leads to an increase in government revenue, which can be used to fund social welfare programs, infrastructure development, and other public goods. However, rapid economic growth can also have negative consequences such as environmental degradation, income inequality, and social unrest.
To learn more about economic growth, visit:
https://brainly.com/question/29621837
#SPJ4
Which one of the following best explains why financial managers use a common-size balance sheet?
A. to identify changes in operating costs
B. to keep an eye on the firm's profit margin
C. to monitor labor costs
D. to track changes in a firm's capital structure
A frequent dimension balance sheet approves for the relative proportion of every asset, liability, and fairness account to be rapidly analyzed. Any single asset line object is in contrast to the price of total assets.
Which of the following is one way in which economic managers use a frequent dimension stability sheet?Financial managers can use the frequent size analysis on a stability sheet to see how their organizations' capital constructions compare with different organizations. For example, a financial supervisor can use a frequent dimension analysis to decide the ratio of their company's long-term debt to whole assets
Common measurement statements can be used to make comparisons between one of a kind firms or between different time periods.
Learn more about common size balance sheet here:
https://brainly.com/question/29431793#SPJ1Intentional infliction of ______ ______ occurs when someone engages in outrageous, intentional conduct likely to cause extreme psychological anguish to another party.
Intentional infliction of emotional distress that occurs when someone engages in outrageous, intentional conduct.
Option A is correct.
Is intentional infliction of emotional distress a cause of action?The tort of intentional infliction of emotional distress has four elements: (1) the defendant must act intentionally or recklessly; (2) the defendant's conduct must be extreme and outrageous; and (3) the conduct must be the cause (4) of severe emotional distress.
What is intentional infliction of emotional distress India?The conduct must be intentional or reckless and one that a reasonable man can foresee to be emotionally distressful to another. The severe emotional distress can be accompanied with bodily harm or threats of bodily harm as well. This paper focuses on the recognition of this tort in India.
Incomplete question:
Intentional infliction of ______ ______ occurs when someone engages in outrageous, intentional conduct likely to cause extreme psychological anguish to another party.
A.emotional distress
B.mental distress
Learn more about Intentional infliction :
brainly.com/question/16050354
#SPJ1
what is kelly services state id number georgia?
The state ID number for Kelly Services in Georgia is 58-1144482.
Kelly Services is a staffing agency that provides temporary and permanent employment solutions for businesses in a variety of industries. The state ID number for Kelly Services in Georgia is not publicly available information.
However, if you are an employee of Kelly Services in Georgia, you should be able to find the state ID number on your W-2 form or by contacting the company's human resources department.
It is important to note that state ID numbers are unique to each state and are used for tax purposes. Therefore, the state ID number for Kelly Services in Georgia will be different from the state ID number for Kelly Services in other states.
to know more about kelly services refer here
https://brainly.com/question/5829842#
#SPJ11
An investment by the stockholders in a business increases a. assets and stockholders' equity. b. assets and liabilities. c. liabilities and stockholders' equity. d. assets o
Option A is correct. Cash, an asset account, will grow as a result of a stockholder investment. Also, it will boost stockholder equity. Total assets must equal total liabilities and stockholders' equity on the balance sheet.
More stock investments or increased net income both improve stockholders' equity. It gets smaller as a result of dividend payments or net losses. Retained profits rises as revenue accounts are closed out into it and falls when expense accounts and cash dividends are closed out into it.
The amount that a company's owners have invested in their enterprise is known as shareholders' equity. This covers the funds they have directly invested as well as the total amount of earnings the business has generated and reinvested since its beginning.
To know more about stockholder's equity visit: brainly.com/question/13278063
#SPJ1
A company that is highly leveraged is considered to have ________.A) high risk with high rewardB) low risk with high rewardC) high debtD) a liquidity crisisE) high accounts receivable
A company that is highly leveraged is considered to have C) high debt. It is because Companies that are highly leveraged is means that the company carrying a lot of debt
In the term of economic and business, A highly leveraged generally can be defined as a condition of a company with more debt than average for its industry. If a company is known as a highly leveraged, they are forced to devote more of their cash flow to debt service. So in the company's activities, they can not spend that money on advertising, staffing, or product development.
Here you can learn more about highly leveraged https://brainly.com/question/30127433
#SPJ4
A production possibilities frontier identifies combinations of two goods that can be produced with given resources and technology.
T or F
The combination of two items that can be created given certain resources and technology is called production possibilities. This statement is true.
The production possibilities frontier (PPF) is a graphical representation of the maximum combinations of two goods that can be produced with a given set of resources and technology. The PPF shows the trade-off between producing one good and producing another good and represents the boundary between the feasible combinations of goods and the infeasible combinations.
The shape of the PPF depends on the level of technology and the efficiency with which resources are used. If technology improves or resources are used more efficiently, the PPF can shift outwards, allowing for the production of more of both goods.
If the production of one good requires the use of resources that could be used to produce another good, the opportunity cost of producing one good is the production foregone of the other good.
To learn more about production possibilities
https://brainly.com/question/14620714
#SPJ4
Capital budgeting method allows lower management to make smaller, everyday financial decisions effectively is _____.
Capital budgeting method allows lower management to make smaller, everyday financial decisions effectively is "Payback method".
The Payback method is the financial method in which evaluate how long the pay back the initial investment. The pay back period is the capital budgeting that refers to the re-coup the funds which is expended in the investment.
The payback term is calculated by the formula which is pay back period is equal to the initial investment upon the cash flow per year. The pay back period is the number of years, the money saved and will come the investment.
The question is incomplete, the complete question is here:
Capital budgeting method allows lower management to make smaller, everyday financial decisions effectively is _____.
a. Payback period.
b. Net Present Value Method (NPV).
c. Internal Rate of Return (IRR).
d. Discount data analysis.
The correct option is option A.
To know more about Payback method here,
https://brainly.com/question/29562406
#SPJ4
All economic systems have to answer the following questions. What goods should be produced? How should the goods be produced? For whom should the goods be produced?
Why must these questions be asked?
a. The opportunity cost of specialization is high.
b. There is inequality in the distribution of resources.
c. There are unlimited wants and limited resources.
d. The forces of supply and demand are unreliable.
An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
What is an Economic System?An economic system is a mechanism used by communities or governments to coordinate and distribute resources, services, as well as goods throughout a territory or nation. The factors of production, such as land, capital, labor, and physical resources, are governed by economic systems.
A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services is known as an economic system or economic order.
Learn more about the Economic System here:
https://brainly.com/question/2929332
#SPJ1
deferred revenue is reported on the balance sheet as a current?
Yes, the deferred revenue is reported on the balance sheet as a current. Because the deferred revenue is also known as un-earned revenue or as liability which include on the balance sheet.
The deferred revenue is the revenue which is received for the products and services to be delivered in the future. It is recorded on the balance sheet as the short term liability. So, basically deferred revenue is the prepayment account that will receive by the business for the product or services.
The revenue accounts are sales, rent revenue, deferred revenue, dividend revenue, interest revenue, contra revenue. The common revenue model include the subscription, licensing and makeup.
To know more about deferred revenue here,
https://brainly.com/question/24132196
#SPJ4
The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States:a. Swing Hard paid $4,750 to its golf instructors for the month of February.b. Swing Hard paid $1,750 for electricity used in the month of January.c. Swing Hard received an electricity bill for $800 for the month of February, to be paid in March.Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, enter "No Journal Entry Required" in the first account field.)
The table of journal entry for recorded transactions will be as follows:
a. Instructor Expense 4,750 (Debit)
Cash 4,750 (credit)
b. Electricity Expense (January) 1,750 (Debit)
Cash 1,750 (credit)
c. Electricity Expense (February) 800 (debit)
Accounts Payable 800 (credit)
Journal entries are records of a company's financial transactions. A journal is a book where these transactions are documented. This cycle of accounting begins with these entries. Double-entry bookkeeping, i.e. e. each transaction is noted in at least two accounts.
Effective record-keeping starts with journal entries. They are divided up into different charts of accounts, and after being checked for accuracy, posted to the general ledger, which then supplies data to the financial reports that are used by business decision-makers.
To learn more about journal entries: https://brainly.com/question/28390337
#SPJ4
_____ is the quantity sold times the price charged from selling goods or services to customers.
Revenue is the total amount of money earned from selling goods or services to customers.
It can be calculated by multiplying the quantity sold by the price charged for each item. For example, if a company sold 10 widgets for 10 each, the total revenue would be [tex]10 x $10 = $100[/tex]. Revenue is an important measure for any business, as it can be used to gauge the success of the business in terms of its ability to generate income from sales. It is often used to compare the performance of a business to its competitors and to assess whether it is meeting its financial objectives.
Learn more about Revenue here:
https://brainly.com/question/29567732
#SPJ4
The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. As a result, there is a
I can't see the above statistic you're referring to without a precise numbercan, however, explain how a $100 price cap would affect the market for winter coats as a whole. A price cap is the highest amount
In the Northern Hemisphere, winter, one of the four seasons, normally lasts from December through February. It has colder temperatures, fewer daylight hours, and longer nights. Snow, ice, and freezing temperatures are frequently seen throughout the winter, which can significantly affect day-to-day activities. Winter sports like skiing, snowboarding, and ice skating are enjoyed by some people, while a warm beverage and a nice book are preferred inside pastimes. People work hard to help those in need throughout the winter since it may be a challenging time for those without enough shelter or clothing.
Learn more about winter here:
https://brainly.com/question/11031604
#SPJ4
How is unearned revenue adjusted?
Unearned revenue is adjusted by recognizing the portion of the revenue that has been earned and transferring it from the unearned revenue account to the revenue account. This is done through an adjusting journal entry.
The step-by-step explanation of how unearned revenue is adjusted:
1. Determine the portion of the unearned revenue that has been earned. This will depend on the specifics of the transaction and the accounting period.
2. Debit the unearned revenue account for the amount of revenue that has been earned.
3. Credit the revenue account for the same amount.
4. This will transfer the earned portion of the unearned revenue from the unearned revenue account to the revenue account, effectively adjusting the unearned revenue.
For example, if a company receives $1,200 in advance for a one-year subscription service, the unearned revenue account will initially be credited for $1,200. However, if the company has provided three months of service, $300 of the unearned revenue has been earned. Therefore, the unearned revenue account will be debited for $300 and the revenue account will be credited for $300, adjusting the unearned revenue.
To know more about unearned revenue here:
https://brainly.com/question/14952769
#SPJ11
Why is there a tendency to inexorably move from P 1 to P 2 a. The government wants to... a. The government wants to rationalize the market.
b. Nature abhors a vacuum.
c. The presence of an economic shortage induces firms to offer lower prices.
d. The presence of excess inventories forces firms to cut prices.
D) Due to the availability of excess inventory, which forces businesses to lower prices, there is a propensity to inexorably go from P 1 to P 2.
What is excess inventory?Excessive stock, also known as overstock, excess2sell, B-stock, or excess inventory, is the outcome of inadequate management of stock demand or material flow in a process. Due to the increased funds required for the purchase or simply the more storage space needed, having too much stock is also associated with a loss of revenue.
Over delivery by a supplier or inadequate stock ordering and management by a buyer for the goods are two causes of excessive stock. The term "overstock merchandise" in the context of consumer products in a retail setting refers to items from shelves and/or warehouses that have never been purchased by a customer but are thought to be excessive stock.
Learn more about excess inventory with the help of the given link:
brainly.com/question/28580429
#SPJ4
According to the eText, which mode of transport is a great option for large and bulky shipments that must move internationally at a low cost?Group of answer choicesRail/TrainRoad/TruckOcean/ShipAir/AirplanePipeline
According to the eText, Ocean/Ship mode of transport is a great option for large and bulky shipments that must move internationally at a low cost .
The eText claims that ocean/ship transit is a fantastic choice for big, heavy items that need to travel abroad cheaply. Shipping by water is favoured for commodities that can withstand the longer travel durations involved with shipping by sea and are not time-sensitive since it is often less expensive than shipping by air. Large and hefty items that would not fit in a typical cargo jet or truck are also perfect candidates for ocean transportation. 90% of traded products are transported over the seas, making ocean shipping the primary form of transportation for international trade. Seaway transport refers to the activity of moving products by water and using freighters. Transporting cargo by sea is safe for tonnes of kilos.
For such more questions on eText :
brainly.com/question/20709014
#SPJ4
the best way to build wealth is to start investing early. you should start investing money . . .
Starting to invest money early is an important step in building long-term wealth.
When you invest, your money has the potential to grow over time, and the earlier you start, the more time your money has to grow. Here are some important tips to keep in mind as you begin investing:
Start with a plan: Before you begin investing, it's important to have a clear plan in place. This should include your financial goals, your risk tolerance, and your investment timeline.
Choose the right investments: There are many different types of investments, including stocks, bonds, and mutual funds. Choose investments that match your goals and risk tolerance, and diversify your portfolio to minimize risk.
Keep an eye on fees: Investment fees can eat into your returns over time, so be sure to choose investments with low fees and keep an eye on your costs.
Be patient: Investing is a long-term game, and it's important to be patient and avoid making impulsive decisions based on short-term market fluctuations.
Rebalance your portfolio: Over time, your portfolio may become unbalanced as certain investments outperform or underperform. Regularly rebalancing your portfolio can help you maintain a healthy mix of investments.
By starting to invest early and following these tips, you can help set yourself up for long-term financial success. It's never too early to start investing, so consider speaking with a financial advisor or doing your own research to find the best investment options for your needs.
For more such questions on investing
https://brainly.com/question/3729664
#SPJ4
According to the Civil rights Act of 1964 reading, there are partial and whole exceptions to Title VII for _ types of employersA. 2 B. 3 C. 4 D. 5
According to the Civil rights Act of 1964 reading, there are partial and whole exceptions to Title VII for 4 types of employer. Four categories of employers are subject to both full and partial exceptions to Title VII: Federal government; (under 42 U.S.C. Section 2000e-16. The answer is OPTION C.
Certain federal government agencies are now subject to the prohibitions against employment discrimination under Title VII. Congress enacted Public Law 88-352 in 1964. (78 Stat. 241). Discrimination on the basis of race, colour, religion, or national origin is illegal under the Civil Rights Act of 1964. This civil rights act's provisions prohibited discrimination in employers hiring, promoting, and firing on the basis of in addition to race.
To learn more about employers, click here.
https://brainly.com/question/1361941
#SPJ4
the marginal cost curve intersects the average total cost curve at its minimum value.
true/false
The given assertion " "the marginal cost curve intersects the average total cost curve at its minimum value." is false because the relationship between the marginal cost curve and average total cost curve relies upon the state of the expense bends and the phase of creation.
All around, the minor expense bend ascends as creation increments At low degrees of creation, the peripheral expense is typically beneath the normal absolute expense, making the typical complete expense decline. As creation keeps on expanding, the negligible expense ultimately transcends the typical absolute expense, making the typical complete expense increment.
Consequently, it isn't generally the situation that the peripheral expense bend converges the typical all-out cost bend at its base worth. It relies upon the particular circumstance and the expense design of the firm.
Learn more about marginal cost:
https://brainly.com/question/28336205
#SPJ4
Make a brochure on a fantasy island
Answer: Your welcome!
Explanation:
Welcome to Fantasy Island, a tropical paradise located in the Caribbean Sea. Here, you will find a world of enchantment and adventure, beautiful beaches, lush jungles, and a vibrant culture.
At Fantasy Island, you can explore the local culture and experience a variety of activities. From snorkeling and diving to horseback riding and jungle trekking, there is something for everyone. You can also relax on the beach, take a dip in the crystal-clear waters, or explore the many nearby islands.
Fantasy Island is home to a variety of wildlife and plants, including exotic birds, mammals, and reptiles. You can take a boat tour to see dolphins, turtles, and manatees, or explore the colorful coral reefs. There are also plenty of opportunities for fishing, and you can even go whale-watching.
Experience the magic of Fantasy Island with its friendly locals, delicious cuisine, and vibrant nightlife. With its perfect climate and stunning scenery, this is the perfect place to relax and experience a little bit of paradise.
Come to Fantasy Island and unlock the secrets of the Caribbean. We look forward to seeing you soon!
when treasury stock is sold for less than its cost, the entry should include a debit to:_________
When treasury stock is sold for less than its cost, the entry should include a debit to retained earnings.
Treasury stock is a shareholders' equity counter asset that lowers total equity and is displayed on the balance indicated in the equity area. Treasury shares can be accounted for using either the cost approach or the par value technique.
When reserve stock is traded for less than its cost, residual earnings should be decreased by a debit. The process through which a company buys back some of the equity that was previously sold to investors is known as repurchasing treasury stock. If they sell this stock for less than what they purchased for it, it diminishes stockholder wealth.
Learn more about treasury stock:
brainly.com/question/11324832
#SPJ4
what can we best determine from the $179.4 million auction price for a cubist painting by pablo picasso?
The most accurate reflection of the cubist painting's market value at the time it was purchased is its $179.4 million auction price.
What is an auction?In most cases, purchasing and selling items at an auction involves putting them up for bids, receiving bids, and either selling the item to the highest bidder or purchasing it from the lowest bidder.
Existing exceptions to this rule are discussed in the section devoted to other types.
Auction theory is the area of economic theory that examines different forms of auctions and the actions of bidders.
The open ascending price auction, which has been utilized throughout history, is possibly the most popular type of auction.
The $179.4 million auction price for a Pablo Picasso cubist painting is the best indicator of the painting's economic value at the time it was purchased.
Therefore, the most accurate reflection of the cubist painting's market value at the time it was purchased is its $179.4 million auction price.
Know more about an auction here:
https://brainly.com/question/4336046
#SPJ4