Answer:
The quantity supplied increased due to price rise. This is because of law of supply.
Explanation:
the quantity supplied rose because the price increased.
if the supplied quantity increased, with demand as it was, the price would fall.
How difficult was it for braddock to pay off his debt to the government at a time when no one was giving back?.
It was risky for Braddock to settle his debt with the government, but doing the right thing has always been difficult.
Cinderella Man-Movie
The 2005 American biographical sports drama film Cinderella Man, which was based on the life of heavyweight boxing champion James J. Braddock and was directed by Ron Howard, is named after Braddock's nickname.
In the movie "Cinderella Man," Braddock finds himself unemployed with a growing family to maintain because he did not generate enough money during his boxing career in New Jersey. He made a living by working menial jobs and receiving aid from the government.
Braddock demonstrated his gratuitous attitude by paying back the government after beating Griffin in a boxing bout for the prize money at a time when other people preferred not to give back.
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What other term is used to describe private clouds that are it infrastructures that can be accessed only by by an exclusive group of related entities that share the same purpose and requirements, such as all of the business units within a single organization?.
Based on the description in the question and concept of internet access, the other term that is used to describe these private clouds is isolated access.
What is Isolated Access?Isolated Access is a computer network technology term that is used to describe the type of private network or clouds that are designed or connected in a way that can only be accessed by an exclusive group of related entities.
Generally, the Isolated Access is connected to share the same purpose and requirements such as business units within a corporation.
Key components of Isolated Access include the followingVirtualizationManagement SoftwareAutomationBenefits of Isolated AccessTotal control over hardware and software choicesFreedom to customize hardware and software is preferable way.Higher visibility into security and access controlTotal enforcement of compliance with regulatory standards.Hence, in this case, it is concluded that the correct answer is Isolated Access.
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Because it influences all aspects of the advertising program, it is essential to understand the needs and characteristics of the blank______ if the advertising program is to be successful.
Answer:
Basics
Explanation:
I already took the test
Because it influences all aspects of the advertising program, it is essential to understand the needs and characteristics of the Target market if the advertising program is to be successful.
What do you mean by Aspect?Aspect refers to a specific state or stage in which something manifests or may be perceived.
After creating a quality product and service, we must inform customers of the value and advantages of our offering. That implies that we must inform clients about our products. An advertising program is the name given to this communication activity.
A sponsored type of communication that promotes a service, product, or brand is known as an advertisement. Advertisements are a tool used by marketers to assist businesses in achieving their goals and boosting profits. They frequently create adverts for particular target markets.
Therefore, The correct answer for the blank is Target market.
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the annual rate of return on any given stock can be found as the stock's dividend for the year plus the change in the stock's price during the year, divided by its beginning-of-year price. group of answer choices true false
The given statement ''the annual rate of return on any given stock can be found as the stock's dividend for the year plus the change in the stock's price during the year, divided by its beginning-of-year price'' is true.
What is meant by annual rate of return?The percentage change in an investment's value is represented by the yearly rate of return. For instance, if you estimate a 10% annual rate of return, you're anticipating that your investment's value would rise by 10% annually.For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns.By dividing the total gain or loss at the end of the year by the initial investment made at the beginning of the year, the annual rate of return is determined.Learn more about annual rate of return refer to :
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E-commerce is the ______.
shrinking of time and space as air travel and electronic media make it easier for people around the world to communicate
transportation of electronic information in the global village
buying and selling of products and services through computer networks
manufacture and exchange of computer processors and other electronic merchandise
E-trade is the shopping for and promoting of services and products via laptop networks.
The required details for E-commerce in given paragraph
E-trade (digital trade) is the pastime of electronically shopping for or promoting of products on on line offerings or over the Internet. E-trade attracts on technology which includes cell trade, digital price range transfer, deliver chain control, Internet marketing, on line transaction processing, digital information interchange (EDI), stock control systems, and automated information collection systems. E-trade is in flip pushed via way of means of the technological advances of the semiconductor industry, and is the most important area of the electronics industry. The time period turned into coined and primary hired via way of means of Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, within side the identify and textual content of California's Electronic Commerce Act, carried via way of means of the past due Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984.
E-trade commonly makes use of the web for at the least part of a transaction's lifestyles cycle even though it could additionally use different technology which includes e-mail.
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if a loan isn‘t repaid, the__ of the borrower—used as security for the debt—could be sold by the lender.
If a loan is not repaid, the collateral of the borrower, used as security for the debt, could be sold by the lender.
In financial terms, collateral refers to a valuable asset that a borrower pledges as security for a loan. It means that collateral is an element of value pledged to secure a loan. Collateral offers a way to reduce the risk for lenders. In case a borrower becomes a defaulter on the loan, the lender can seize the collateral and sell it to recoup their losses. A loan amount that is secured by collateral offers a lower interest rate than an unsecured loan. Car loans and mortgages are two types of collateralized loans.
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Jason Hansen has invested $600,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Hansen stand to lose?A) Up to his total investment of $600,000.B) Zero.C) The $600,000 plus any personal assets the creditors demand.D) $400,000.
The charter of the corporation is a legally binding document that must be delivered towards the Secretary of State. when the corporation is incorporated.
What are examples and demand?Key Learnings. According to the economic principle known as the law of demand, meeting customer expectations for a good increases when prices are low and decreases when prices are high. When consumers rush to purchase goods at steep discounts during Black Friday sales, the law of demand is in effect.
Why is there a demand?Demand: What Is It? Demand describes the customer's desire and readiness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or require based on their budgeted disposable income.
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suppose a stock had an initial price of $115 per share, paid a dividend of $3.00 per share during the year, and had an ending share price of $144. compute the percentage total return. note: do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. what was the dividend yield? note: do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. what was the capital gains yield?
The overall return as a percentage is 27.83%, the total return is 2.61%, or the capital appreciation yield is 25.22%, according to the question.
What exactly does stock mean?A stake is a descriptive adjective for any company ’s capital papers. In contrast hand, a shares alludes to a certain company's stock certificate. We just became an investor if you possess shares in a specific corporation. Description: There's many two sorts of stocks: ordinary and preferred.
Briefing:1). Total percentage return = [Dividend income + Capital gain (or loss)] / Initial investment.
Dividend income = $3
Capital gain = Ending share price – Initial price = $144 - $115 = $29
Total percentage return = ($3 + $29)/$115 = 0.2783 = 27.83%
2). Dividend yield = Dividend income/Initial investment = $3/$115 = 0.0261 = 2.61%
3). Capital gains yield = Capital gain/Initial investment = $29/$115 = 0.2522 = 25.22%
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The complete question is-
Suppose a stock had an initial price of $115 per share, paid a dividend of $3.00 per share during the year, and had an ending share price of $144.
Requirement 1;
Compute the percentage total return. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Requirement 2:
What was the dividend yield? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Requirement 3:
What was the capital gains yield? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
channel conflict occurred when american airlines decided to terminate its relationship with orbitz and expedia, two online ticketing and travel sites, and sell directly through aa direct connect. this is an example of multiple choice corporate conflict. forward integration conflict. horizontal conflict. lateral conflict. disintermediation.
When American Airlines chose to end its partnership with Orbitz and Expedia, two online ticketing and travel sites, and sell directly through AA Direct Connect, there was a channel conflict. Disintermediation is demonstrated here.
Give a definition and an example of disintermediation.Disintermediation is the process of removing the financial intermediary from a transaction. It can let a customer to order from a manufacturer directly as opposed to going through a distributor or store. Additionally, it can enable a business to place a direct order with a manufacturer.
Disintermediation is the process of eliminating middlemen from the supply chain so that products can be sold directly to customers. For instance, if brokers were eliminated as a middleman so that a company could communicate with and advertise its shares directly to its potential buyers, disintermediation would take place.
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national insurance company has 300,000 shares authorized, 195,000 shares issued, and 22,000 shares of treasury stock. the number of shares outstanding is:
A company may choose to buy back outstanding shares for a number of reasons. Repurchasing outstanding shares can help a business reduce its cost of capital.
What does outstanding shares mean?Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Outstanding shares are shown on a company's balance sheet under the heading “Capital Stock.”Based on the given information, The number of shares outstanding is 173,000 shares.Shares outstanding describe the equity that a firm currently possesses, including share units held by investment firms and limited shares owned by insiders and officers.Outstanding Shares– Key Differences. Issued shares are the total shares issued by the Company. Whereas outstanding shares are the shares with the shareholders, i.e., it does not include the shares repurchased by the Company. Thus, subtracting treasury shares from the issued shares will give outstanding shares.
To calculate the Number of shares outstanding based on the given information
Shares issued = 195,000
Shares of treasury stock = 22,000
Number of shares outstanding=195,000-22,000
Number of shares outstanding = 173,000shares
Therefore, the number of shares outstanding is 173,000 shares.
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the statement of cash flows shows how net income is converted to cash. it shows where the cash came from and how cash was used during the financial period true false
Net income plus depreciation/amortization, change in working capital, and capital expenditure are all included in calculating free cash flow.
Does the cash flow statement demonstrate how net income is transformed to cash?
Flow of Cash Statement
The operating cash flow section displays how cash was generated during the period by taking net income from the income statement and applying adjustments to reflect changes in the working capital accounts on the balance sheet (receivables, payables, inventories) as well as other non-cash costs.
What does the cash flow statement's net cash flow mean?
Net cash flow is the gain or loss in money over a time period (after all debts have been paid). When a company has extra income after covering all of its operating
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Select the examples of national security employers. check all that apply.
a. the army
b. the air force
c. the irs
d. the us embassy
e. the coast guard
f. the state legislature
g. the navy
h. the marine corps
The examples of national security employers includes:
a. the armyb. the air forcee. the coast guardg. the navyh. the marine corps.Who are national security employers?Basically, a national security, also known as a national defence, refers to the security and defence of a sovereign state including its citizens, economy, and institutions, which is regarded as a duty of government. It also means the ability of a country's government to protect its citizens, economy and other institutions.
In this context, the army, air force, coast guard, navy and marine corps are defence department that employs people to strengthen the national security.
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pablo is paying his electric bill. he writes a draft from his personal bank account payable to the power company. this draft is known as a(n) .
Pablo is paying his electric bill. he writes a draft from his personal bank account payable to the power company. this draft is known as a(n) .
Bill of exchangeWhat is bill of exchange?A bill of exchange is a written, unconditional order given from one person to another and signed by the giver that requires the recipient to pay a specific amount of money to another person or the bearer on demand or at a predetermined future time.
Generally, there are two categories of bills of exchange: They are payable on demand for bills of exchange that are payable at sight. The drawee is required to pay the sum when the bill is handed to them. Bills of Exchange that Become Payable After a Specific Time Frame - Also known as a term draft, this becomes due after a specific time frame.
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Use "Millennials. . . So Happy Together" to answer the following question.Which sentence from the excerpt from the article "Millennials. . . So Happy Together" best supports the idea that co-working spaces result in positive interactions?answer choicesIn recent years, the co-working movement—along with its newer cousin, co-living—has turned into a frenzy. (paragraph 1)These individuals or groups rent or pay a membership fee (monthly or daily) to work in a shared space with others. (paragraph 3)Today’s co-working spaces give everyone the daily opportunity to socialize and collaborate. (paragraph 6)In many ways, co-living and co-working environments operate in loco parentis. (paragraph 8)
The sentence from the excerpt from the article "Millennials. . . So Happy Together" best supports the idea that co-working spaces result in positive interactions is: Today’s co-working spaces give everyone the daily opportunity to socialize and collaborate. Option 3
What is meant by positive interactions?Positive interactions occur when organisms work together in a way that benefits at least one of the participants. Positive interspecific relationships that take place across ecosystems include reciprocity, facilitation, and commensalism.
Improved mental health can uplift your spirits and make you happy. Social connection is important for the health of the brain, which lowers your chance of dementia. encourages a sense of security, safety, and belonging. enables both mutual trust between you and others.
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.
Example of taking responsibility and being accountable:
Example of the opposite of taking responsibility and being accountable:
Why does your employer want you to take responsibility and be accountable for your decisions and actions?
Why should you accept consequences?
For example, responsibility only applies to a continuous task that needs to be repeated if someone decides to stop completing it. You will only be held accountable if you cease feeding the birds in the poultry that is your duty. You become accountable to what happens with the birds.
What is a responsibility?Responsibility is being in a position where one is responsible, liable, or accountable for something that is under one's administration.
From the above example given, when you fail in feeding the birds in the poultry, you have failed your responsibility. Failure in responsibility usually has consequences, and the individual who is saddled with a particular obligation is usually held accountable.
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Fancy Nail's monthly rent is $2,500. The company's static budget for March was based on the activity level of 2,000 manicures. Total sales was budgeted at $40,000 and nail technician wages (a variable cost based on the number of manicures) was budgeted at $20,000. Actual manicures in March totaled 2,200. Assuming no other expenses, Fancy Nails' flexible budget will show:
Fancy nails flexible budget will show $ 19,500 net operating income.
Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period.
Flexible finances for 2200 manicures consistent with month will show
Monthly hire price = $2500
Wages = $22000
Total bendy finances for 2200 manicures will be = $2500 + $22000 = $27500
Working Note:
As the hire is the constant price so there's no alternate withinside the hire
While wages are variable fee so will alternate with the quantity of manicures
As for 2000 manicures consistent with month, wages = $20000
Wages consistent with manicure = $20000 / 2000
= $10
So wages for 2200 manicures consistent with month, wages = $10 * 2200
Net income is the amount that remains in your account after taxes and other withholdings have been deducted from your paycheck. Net income is the amount of money left over after operating costs, administrative expenses, cost of products sold, taxes, insurance, and any other business charges have been paid.
Take the gross income, which is the whole amount of money earned, and deduct costs like taxes and interest payments to get at net income.
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what is a plan that breaks down a project’s goals into the many deliverables required to achieve it?
Answer: A project is visually, hierarchically, and deliverable-focused disassembled using a work breakdown structure (WBS). It is a useful diagram for project managers since it enables them to deconstruct the scope of their projects and see all the tasks necessary to finish them.
Explanation: What objectives is a work breakdown structure, or WBS, supposed to aid in?
A WBS's objective is to reduce the size and complexity of a huge project. By breaking it down into smaller pieces, work can be completed concurrently by various team members, improving team productivity and simplifying project administration.
Which document should include a list of all the project deliverables and a description of each one?
All the information needed to produce the project deliverables is contained in a written document known as the project scope statement. It aids the project team in staying focused and on task and is more thorough than a statement of work.
WBS: What Does It Mean?
breakdown structure for the work
Work breakdown structure, or WBS, is an acronym for project management. Here is a
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1. What is the savings in a bank referred to as? (1 point)
A. A pile of money under your mattress
B. A real estate property
C. A luxury car
D. An interest bearing savings account
Brody’s firm produces trumpets in a perfectly competitive market. The table below shows Brody’s total variable cost. He has a fixed cost of $240, and the price per trumpet is $60.
a. Calculate the average total cost of producing 6 trumpets. Show your work.
b.Calculate the marginal cost of producing the 11th trumpet.
c. What is Brody’s profit-maximizing quantity? Use marginal analysis to explain your answer.
d. At the profit-maximizing quantity you determined in part (c), calculate Brody’s profit or loss. Show your work.
e. Brody also produces saxophones at a loss in a perfectly competitive market. Draw a correctly labeled graph for Brody’s firm showing the following at a market price of $200.
- Brody’s profit-maximizing quantity of saxophones
- Brody’s loss, completely shaded
The given situation is related with allied components of total cost of a trumpet. The answers are:
a) The average total cost of 6 trumpets is $360.
b) The marginal cost of manufacturing the 11th trumpet is $100.
c) Brody’s profit-maximizing quantity is 9 units.
d) At the profit-maximizing quantity in part (c), the Brody’s profit or loss is $ 80.
e) See image.
What is total cost?The total cost represents all the costs incurred by a business to produce a particular level of output. The calculation of this total of fixed and variable costs aids product managers in assessing their overall profit margin.
The said answers are based on the cost concept of micro economics studies made by researchers.
a) The Average total cost (ATC) for 6 trumpets = average variable cost + average fixed cost
ATC ⇒ $120 + $240 = $360
b) Marginal cost of producing the 11th trumpet = Difference between variable cost at 10 units producing and variable cost at 11 units producing. Thus extra unit marginal cost is $100 (390-290)
c) Brody’s profit-maximizing quantity is where the Marginal cost is minimum and the marginal revenue is more than the or equal to marginal cost. At quantity 9 the MR is $60 and $MC is 55 and Profit is $80. (highlighted in image)
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In The Iowa Car Crop, Steven Landsburg argues that importing cars from Japan and exporting wheat from Iowa is analogous to...
A) importing wheat.
B) exporting cars.
C) growing cars in Iowa.
D) growing wheat in Japan.
In The Iowa Car Crop, Steven Landsburg argues that the importing of cars from Japan and exporting wheat from Iowa is analogous to growing cars in Iowa. Thus option (c) is the answer.
What role does comparative advantage play in global trade?According to the principle of comparative advantage, countries would engage in international trade while exporting the goods in which they have a comparative advantage. Everyone and every country cannot have a comparative advantage in every good.
In an economic model, if agents can produce a specific good at a lower relative opportunity cost than their rivals, they will have a comparative advantage over those rivals in that particular good's production. When referring to international trade, the term "comparative advantage" describes the products that one nation can create more quickly or inexpensively than another. As a result, someone else or some other country will be able to create some things at a lower opportunity cost.
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which of the following are true of translating stockholders' equity? multiple select question. paid-in capital amounts are not revalued. retained earnings is translated at the current exchange rate. each component of stockholders' equity is translated at the current exchange rate. accumulated other comprehensive income will balance the translated balance sheet.
The following are true of translating stockholders' equity : accumulated other comprehensive income will balance the translated balance sheet.
Shareholders, or sday-to-dayckholders, are the proprietors of a organization's notable stocks, which represents a residual portion of the company's property and profits as well as a percent of the organization's voting electricity.
A shareholder of a corporation is an individual or legal entity that is registered by means of the organisation because the legal owner of shares of the proportion capital of a public or private business enterprise. Shareholders can be daily participants of a employer.
Shareholders are the owners of the employer. they have got ownership rights within the shares of corporate stock. The position of the shareholder inside the employer is confined, but, as they have got neither the proper nor the duty daily manage the business of the company.
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common stock implies that ownership is granted in proportion to the number of common shares owned where preferred stock has no ownership representation. true false
Common stock implies that ownership is granted in proportion to the number of common shares owned where preferred stock has no ownership representation.
The above statement is True.
Explain in detail.
A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership.
The primary distinction between preferred and common stock is that common stock grants stockholders voting rights, whilst preferred stock does not. Preferred shareholders receive dividend payments prior to common shareholders since they have priority over the company's income.
A sort of tradable asset, or security, known as common stock represents ownership in a corporation.
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should the corporations work together or compete for labor?
Answer:
Opinion based.
Explanation:
Corporations may choose to compete for labor since in not doing so may result with economic loss which is not good for the corporation. There may be benefits from working together such as a corporation growth but more income results in many wanting more money or unfair wages within the both corporation towards each other.
Clients will find it intrusive if you ask a lot of questions about how the room will be used. True False
Answer:
false
Explanation:
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an incident is an adverse event that could result in a loss of information assets and threatens the viability of the entire organization. a. true b. false
This same disclosed statement is untrue as determined by the statement.
What exactly can you presume by assets?
An asset is a substance with financial worth that a person, company, or nation controls or owns with the expectation of future benefit. A company's assets are noted on its balance sheet. They are divided into four categories: current, fixed, economic, and intangible.
What kinds of assets are there?
Hard resources involve machines and tools, estate, building materials, and inventory, and also intangible patented technology, royalties, and other copyrights.Cash and its equivalents are examples of assets.Accounts payable.Inventory.Investments.PPE (Parcel of land, Plant, and Equipment) Vehicles.Furniture.Patents (intangible asset) (intangible asset)To know more about Assets visit:
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the group of people within a business who are involved in making business buying decisions is referred to as
the group of people within a business who are involved in making business buying decisions is referred to as the buying center.
A buying center is a group of people within an organization who make purchasing decisions. Large organizations often have permanent departments made up of people who earn their living. So they are professional buyers. Titles vary. Some companies simply call them buyers.
Please note that Buying Centers may include informal participants that are not apparent to the Seller.
your question is incomplete, but most probably the full question was
The group of people within a business who are involved in making business buying decisions is referred to as
Group of answer choices
A) the new-task team.
B) negotiators.
C) purchasing agents.
D) deciders.
E) the buying center.
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Ray lends $3,500. 00 $ 3,500. 00 to aron at a simple interest of 15% 15 % per year. Aron returned him $3,000. 00 $ 3,000. 00 and a watch after 2 2 years to clear the account. What is the price of the watch?.
The price of the watch, given the simple interest on the loan from Ray to Aron, is $ 1, 550
How to find the price of the watch?The price of the watch would be the amount that when added to the $3, 000 that was paid back, would complete the repayment of the debt of $3, 500 from Ray.
First, find the total amount to be paid back:
= Loan amount + ( Loan amount x simple interest x number of years )
= 3, 500 + ( 3, 500 x 15 % x 2 )
= $ 4, 550
The value of the watch is:
= Total to pay back - Amount brought in cash
= 4, 550 - 3, 000
= $ 1, 550
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data quality is a concern for marketing researchers, which means the researcher must examine the responses for data quality problems prior to analysis. true false
The answer is true. data quality is a concern for marketing researchers, which means the researcher must examine the responses for data quality problems prior to analysis.
What is survey method?The "study of survey procedures" is known as survey methodology.
Survey methodology is the study of the sampling of discrete groups from a population and for gathering survey data, such as questionnaires and strategies for increasing survey response rates and precision.
Instruments or processes that pose one or more questions that may or may not have an answer are the focus of survey methodology.
Survey questions have a significant impact on the statistical inferences that researchers can draw about the population by conducting statistical surveys.
Public opinion polls, surveys on public health, market research, government surveys, and censuses are all quantitative research that employs survey methods to address questions about a population.
All types of public information and research disciplines can benefit from surveys' valuable information.
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a natural disaster has resulted in a company moving to an alternate processing site. the company has operations moved within a few hours as a result of having a building with all of the equipment and data needed to resume services. the alternative site was actively running prior to the natural disaster. evaluate the types of recovery sites to determine which processing site the company is utilizing.
As a result of a natural disaster, a corporation has shifted to a new processing location. Because the company has a building with all of the equipment and information needed to continue operations, operations may be relocated quickly. "Hot site" of recovery sites the company use by using the term.
What exactly is a "hot site"?A hot site is a fully functional data center that contains client data in addition to hardware and software. It also has staff to manage and watch over the apparatus. The employees, network setup, power supply, and almost immediate backups of your data are all present at a hot site, which is an exact clone of your data production site.
What is a hot site for disaster recovery?A hot site is a backup location that acts as the exact opposite of the primary manufacturing facility. You can quickly replicate or backup vital data at a hot site since it contains all the necessary hardware, software, and network connectivity.
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Imagine you got into an auto accident which was your fault and you have 15/30/5 insurance. You did $5,000 damage to the other car, and broke a computer in the other car's trunk worth
$2,000.
There were 3 people in the other car and their medical bills were $12,000
each. The father in the other car also was out of work for a month costing the family $6,000.
In total, you are sued for $49,000.
How much money will the insurance company pay toward the amount you were sued for in this accident?
Answer:
The insurance company will pay up to a maximum of $25,000 for this accident. This is determined by the limits of the insurance policy, which is 15/30/5. This means that the insurance company will pay up to $15,000 for bodily injury per person ($15,000 x 3 people = $45,000) and up to $30,000 for bodily injury per accident ($30,000). They will also pay up to $5,000 for property damage ($5,000). Therefore, the total amount the insurance company will pay is $15,000 + $30,000 + $5,000 = $50,000. Since the total amount sued for is $49,000, the insurance company will pay the full amount of $49,000.
Explanation:
The insurance provider will cover this accident for a maximum of $25,000. The insurance policy's 15/30/5 limits serve as the basis for this decision. This indicates that the insurance provider will cover bodily injury claims up to the amount of $15,000 per person
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
($15,000 x 3 people = $45,000) and $30,000 per accident ($30,000). Additionally, they will cover property damage up to $5,000 ($5,000). As a result, the insurance provider will cover a total of $50,000 ($15,000 + $30,000 + $5,000). The insurance provider will cover the full $49,000 since the total amount claimed in the lawsuit is $49,000.
Therefore, The insurance company will pay up to $25,000 toward this accident's expenses.
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