If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, the price elasticity of demand is ____, indicating the demand is ____.
If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, then the elasticity of demand is 2 and the demand is elastic.
What is Price Elasticity of Demand?This refers to the ratio of percentage change in the demanded quantity of a good in relation to the change in price.
Hence, we can see that because the price of apples decreased by 2%, then apple consumption increased by 4% which means that the elasticity of demand is 2 and the demand is elastic.
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At Newton Manufacturing, workers are encouraged to find their own solutions to problems and to implement their solutions when practical. They work with little supervision because management feels they are committed and creative workers. Newton's policy reflects a __________ attitude about workers.
The policy that Newton Manufacturing has reflects a theory Y attitude about workers.
What is a theory Y attitude about workers?This is the participatory theory of management that exists in organizations. It is one where the manager would feel like the workers are reliant and motivated enough to find their way.
This is shown here because the workers are encouraged to find their way through issues themselves.
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What does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
Answer:
It reveals that the owner is completely aware about financial risk and wants to take precautions to ensure the success of his company.
To explain the long-run determinants of the price level and the inflation rate, most economists today rely on the.
Answer:
Economists believe inflation comes about when the supply of money is greater than the demand for money. Inflation is viewed as a positive when it helps boost consumer demand and consumption, driving economic growth.
Which of the following could be a demand determinant of cell phones?
Government increases regulations on cell phone manufacturers.
A new model of smart phones is released in the market.
Japanese touch screen factories are destroyed in an earthquake.
Government increases taxes on cellular phone production.
Answer:
A new model of smartphones is released in the market.
Explanation:
The option that could be a demand determinant of cell phones is when a new model of smartphones is released in the market.
The demand for a product is generally affected by the availability or otherwise of one or more substitute products. That is, products that can offer somewhat the same satisfaction to consumers.
Hence, when a new smartphone is released into the market, the demands for cell phones are generally affected and each cell phone's demand curve changes accordingly.
There are different determinants of demand. The demand determinant of cell phones is when a new model of smart phones is released in the market.
There are different factors that affects the demand for cell phones. They includes; price, product features, relative advantage, convenience, compatibility, brand name etc. All these factors influence consumer intension to purchase cell phone.The mobile phone market is said to be elastic and as such if prices go up fewer people would buy new phones and fewer people would upgrade their existing phones.
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In MS Word, which items are you able to format?
(What types of things do/can we format?)
A: Text
B: Table
C: Menu
D: Both A & B
Answer:
Explanation:
both A & B
Match the correct answer - Includes coordinating people and other resources to carry out the project plans - Include formalizing acceptance of the project or phase and bring it to an orderly end - Include actions to begin or end projects and project phases - Include devising and maintaing a workable scheme to ensure that the project meets its scope, time, and cost goals as well as organizational needs - Not a process group - Measure progress toward achieving project goals A. Communicating B. Monitoring and Controlling C. Planning D. Initiating E. Executing F. Closing
Management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.
Management conceptsManagement is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.
These functions are crucial for managers to be successful in their roles.
Coordinating people and other resources to carry out the project plans is known as Communicating
The formalizing acceptance of the project or phase and bringing it to an orderly end is Closing
The action to begin or end projects and project phases is Initiating while the devising and maintaining of a workable scheme to ensure that the project meets its scope, time, and cost goals, as well as organizational needs, is Planning
The process of measuring progress toward achieving project goals is Monitoring and Controlling
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Ethical business strategies ______. Multiple choice question. require highly paid management to be sustained typically arise from managers with strong moral characters can usually be sustained in a company with minimal effort. usually contain some ethically questionable components
Ethical business strategies typically arise from managers with strong moral characters.
What is Ethics?
This refers to the moral principles which guide the behavior of either an individual or a corporation.
Hence, we can see that when the issue of an ethical business strategy comes up, one can note that they are usually brought up by managers who have strong moral characters.
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Terrel is designing and maintaining a web page for a local company. In which career pathways would Terrel be involved? Programming and Software Development, and Network Systems Network Systems and Interactive Media Information Support and Services, and Programming and Software Development Interactive Media, and Information Support and Services.
Terrel must be involved in Programming and Software Development career pathways, and Information Support and Services,
What is a career pathway?A Career Pathway is defined as the set of intentional and related or planned education programs and supportive services.
A career pathway is an institution of a workforce that operates a sequence of structured knowledge to accomplish various accomplishments' or skills.
This allows experimenters to move complete time to get more useful at their career and more increased education levels while always working.
In the given, case, Terrel involves the understanding of Programming and software development to be capable to develop and support a web page for the local company.
Therefore, options A and C are correct.
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Answer:
C
Explanation: e d g 2022
As CEO of his company, Bill works with a team of executives to make decisions pertaining to the organization's mission, overall strategy, and structure. These decisions are part of the organization's _______ plan.
These decisions are part of the organization's Corporate-level plan.
What is Corporate-level plan?Corporate-level plan can be defined as a plan which are use by top management or executive of a company in order to achieve their set goals and objective.
Corporate-level plan is important as it help company during the decision making process and it as well enables company to review their strategy plan so as to determine their goals.
Inconclusion these decisions are part of the organization's Corporate-level plan.
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Athletic Elite Inc. has 20,000 shares outstanding and nine directors. Its articles provide for cumulative voting.
1. What number constitutes a quorum of shareholders?
The answer to this question is for the quorum of shareholders at least 10001 shares must be represented. Why 10001 shares must be represented?
2. Assume that the corporation is holding a meeting to vote on a merger. How many votes will Miguel have? The answer is if the corporation is holding a meeting to vote on a merger Miguel will have 500 votes.
Why will Miguel have 500 votes instead of 1000?
The number that constitutes a quorum of shareholders is two. These two shareholders are allowed to be present in person or in proxy.
Why 10001 shares must be represented?10,001 shareholders must be represented because, in order for a decision to be made at the shareholder's meeting, at least 51% of the total number of shares or the group or persons holding over 50% of the share must vote in that direction. 10,001 represents over 50% of 20,000 shares.
Please note that there is insufficient information from the question to answer questions relating to Miguel.
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____1. The process of coordinating and overseeing the work performance of individuals working together in organizations, so that they could efficiently accomplish their chosen aims or goals.
a. administration c. leadership
b. governance d. management
some of the information you can expect to find on a credit report.
Answer:
That will be the types of accounts for example, a credit card, mortgage, student loan, or vehicle loan, the date those accounts were opened, your credit limit or loan amount, account balances, and your payment history.
Explanation:
Hope this helped :)
Every year the hospitality and tourism industry spends less and less on sales promotion.
O False
O True
Answer:
false
Explanation:
PLS THIS IS FOR ECONOMICS!
I WILL MARK BRAINLIEST!
A corporation is looking to take advantage of market conditions and begin expanding as soon as possible. To do so, the company
requires cash to purchase new buildings, machinery, and other capital goods. What should the directors keep in mind as they consider
the type of funding to pursue? (1 point)
OInvolving a financial intermediary will likely make borrowing more expensive.
O Financial intermediaries will likely offer disappointingly low interest rates.
O Wild swings in prices on the primary market make indirect financing more risky.
OThe amount of possible funding from a financial intermediary is likely limited,
under equity funding, there are three types of funding which are Venture Capital funds, Private Equity funds, and Angel Investors. While looking for the right types of funding and investors, the company should raise funds from firms that have both the extensive network and subject matter expertise in the industry.
Explanation:
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, The correct journal entry to record the purchase on July 5 is: _____________
a) Debit Accounts Payable $1,800; credit Purchase Returns $200; credit Merchandise Inventory $1,600.
b) Debit Accounts Payable $1,800; credit Merchandise Inventory $1,800.
c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
d) Debit Merchandise Inventory $1,800; credit Sales Returns $200; credit Cash $1,600.
e) Debit Merchandise Inventory $1,600; credit Cash $1,600.
Based on the purchase details by the company, the correct journal entry to record the purchase on July 5 is c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
Why is this the correct journal entry?On July 5, the amount that was purchased was still $1,800. Nothing had been returned yet. The amount that will be debited to Merchandising as an asset will therefore be $1,800.
The Accounts Payable account will be credited the same amount to reflect that the company owes money for the purchase.
In conclusion, option C is correct.
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One disadvantage of advertising is that it Question 19 options: A) provides entertainment. B) encourages impulse buying. C) stimulates competition. D) saves time.
Answer:
encourages impulse buying
Answer:
b Encourages impulse buying
Explanation:
advertisements are to catch the peoples eyes and make the consumer think they really need that item
What happens in a perfectly competitive industry when economic profit is greater than zero?.
New firms may enter the industry when economic profit is greater than zero.
What happens when economic profits equal zero?An enterprise could be in a kingdom of normal income whilst its financial profit is identical to zero, that's why regular earnings are also called “zero monetary earnings.” Normal earnings take place on the factor where all resources are being successfully used and could not be positioned to higher use someplace else.
Profit equals overall sales minus the overall fee. General value includes all of the opportunity costs of the firm. in the 0-earnings equilibrium, the firm's revenue compensates the owners for the time and money they deplete to maintain the commercial enterprise going.
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#SPJ2
what did the angel reval to the students
Answer:
The angel revealed to the students that they had to attain divine wisdom so they could share what they learned later in life.
Explanation:
This is from the poem Did I Miss Anything by Tom Wayman, a modernist poet is all about the frustration of a teacher who has frequently been asked by the absent students, “Did I Miss Anything”.
The tone of the poem is angry, sarcastic and humorous. Each stanza in the poem begins with Nothing and Everything. Both the words are complete in themselves and represent the tone of the poem.
the explanation of the poem by stanza-
Stanza 1
The poet begins by saying, “Nothing” and adds that he has missed nothing as they (teacher and students) realized that he (the absentee) was not there and hence they were sitting quietly for two hours. with their hands on the desks. It is a kind of sarcastic answer.
Stanza 2
In the next stanza, the teacher’s anger comes out. He tells the absentee that he taught the lessons which covered 40% of the term syllabus and also assigned the students a quiz which is worth 50% of the term paper’s marks.
Stanza 3
The tone again shifts to sarcasm. According to the teacher, he (student) missed nothing as the course has no values or meaning. So he should remain absent as all the activities that take place in the class have no purpose for himself as well as for the absentee.
Stanza 4
In the 4th stanza, the poet says that shortly after he began teaching an angel just appeared that told about the ways to attain wisdom for the life and also that this is the last class after which they will have to spread the good news to the world.
This stanza is a satire on the religious faiths like Christian and Jewish religious practices and beliefs. It was believed that angels descend from the sky to impart knowledge to the clergy who afterwards spread that message (good news) to the commoners.
Stanza 5
The tone again reverts to sarcastic. the teacher asks the student how anything can happen in the class without him (student) being present there.
Stanza 6
In the final stanza, the teacher says that the classroom is a world full of human experiences which were assembled for him (student) to grab, examine and understand. It was an opportunity which he has lost now.
Amazon's continued focus on ______ is a key to its ongoing success. Multiple choice question. innovation specific target markets employee perks shareholder profits
Amazon, an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence, has used its innovation as a key to its ongoing business success.
What is innovation?Innovation involves the introduction of new ideas and improvements to ensure more favorable business outcomes.
Amazon does not rely on specific target markets, employee perks, or shareholder profits to achieve business success.
Thus, Amazon has continued to focus on its innovation as a key to its ongoing business success.
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Regional _____ integration creates agreements among countries in a specific geographic area in order to reduce and eventually remove tariff and nontariff barriers to the free flow of goods.
It should be noted that Regional Economic Integration creates agreements among countries in a specific geographic area.
What is Regional Economic Integration?Regional Economic Integrations serves as agreement between groups of countries in a geographic region to reduce and remove tariff and nontariff barriers on goods.
It helps to remove barrier from factors of production between each other.
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a company reported a gross profit percentage of 20% with net sales of $347,800. What is the amount of cost of goods sold
Based on the information given the amount of the cost of goods sold is:$278,240.
Cost of goods soldUsing this formula
Cost of goods sold=(1-Gross profit percentage)×Net sales
Let plug in the formula
Cost of goods =(1-.20)×$347,800
Cost of goods sold=.80×$347,800
Cost of goods sold=$278,240
Inconclusion the amount of the cost of goods sold is:$278,240.
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Question 3 (3 points)
Advertising the product or service is a part of the
function. Choose the
answer.
promotion
distribution
information management
O pricing
Answer:
promotion
Explanation:
its broadcasting the product getting customers
The Blank______ department can be considered an investment into a company's future, in which scientists work to solve problems and develop new ideas. Multiple choice question. diversification research and development mergers and acquisitions research and innovation
Answer:research and development
Explanation:
Blue Spruce Corp. Has the following inventory data: July 1 Beginning inventory 126 units at $19 $2394 7 Purchases 441 units at $20 8820 22 Purchases 63 units at $22 1386 $12600 A physical count of merchandise inventory on July 30 reveals that there are 210 units on hand. Using the average cost method, the value of ending inventory is $4074. $4,326. $4,269. $4,200
The value of ending inventory using the average cost method is $4,200.
What is the ending inventory?In order to determine the ending inventory using the average cost method, the total cost of inventory would be divided by the total inventory bought. The average price would be multiplied by the ending inventory.
Average cost = $12,600 / (126 + 441 + 63) = $20
Ending inventory = $20 x 210 = $4,200
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The product Blank______ is the complete set of all products and services offered by a firm. Multiple choice question. width line category brand mix
The product mix is the complete set of all products and services offered by a firm.
What is a product mix?This is a term that is used to group all of the services or the products that is offered by a company or firm to their customers.
The product mix usually involves more than just one service or product. It is usually made up of two or more.
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All of the following are examples of the food and beverage industry
except
-school cafeteria
-McDonald's inside a Walmart
-restaurant inside a shopping mall
-travel agency
Answer:
-travel agency
Explanation:
The food and beverage industry is made up of establishments whose core business is preparing meals, snacks, and beverages as per customers' orders for immediate consumption in or off the premises. A school cafeteria, McDonald's inside a Walmart, and restaurant inside a shopping mall will fit into the food and beverage industry's definition.
A travel agency is best placed in the tours and travels industry.
Be You-tiful Co. , a large cosmetics and skincare company, decided to sell its hair care division because it isn't as profitable as its other divisions. This will allow the company to focus its efforts and funds on becoming a prominent competitor in the beauty industry. What type of plan is this?
The type of plan involved when You-tiful Co, decided to sell its hair care division for lack of profitability in comparison to other divisions is B) Divestiture.
What is divestiture or divestment?Divestiture or divestment is a business strategy that involves the selling of some unprofitable divisions of a company to maximize its value.
The type of plan involved in the scenario is not a joint venture, concentric diversification, liquidation, or horizontal integration.
Answer Options:A) Joint venture
B) Divestiture
C) Concentric diversification
D) Liquidation
E) Horizontal integration
Thus, the type of plan involved when You-tiful Co, decided to sell its hair care division for lack of profitability in comparison to other divisions is B) Divestiture.
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The majority of women in the workforce work in technical, sales, and administrative support. please select the best answer from the choices provided t f
The majority and most of the women in the workforce work in Sales, technical, and administrative support is correct.
Why are women majorly working in these departments?Technical, sales and administrative support are where women are mostly placed and it is a reason that they are very empathetic and good with human relations.
Therefore, it is a true statement.
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Which term means that you receive a fixed amount of pay for a job on a weekly, bi-weekly, or monthly basis?
OA minimum wage
OB salary
Covertime
Answer:
salary
Explanation:
Salary is monetary compensation given to employees for work done at the end of a regular period. It is the periodic payment from employers to employees for services provided as per the employment contract. Salary is usually a fixed amount paid either weekly, biweekly, or monthly.
A salary is pegged to the passage of a specified duration of time. The employee receives the stated amount regardless of the level of productivity. Salary is in contrast to piece-rate wages, where an employee is compensated depending on their output.
Answer:
Explanation:
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