The unemployment rate from the entire labor force is 68%, to two decimal places.
Explanation:
The following formula is used to calculate the unemployment rate:
Unemployment rate is calculated as follows: 100 x (Total Labor Force x Number of Unemployed Workers).
where there are 55 million unemployed employees
Moreover, the overall labor force is
= 25 million+ 55 million
=80 million
the unemployment rate is therefore
equals (55 million) x (80 million) x 100
= 68.75%
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what is one potential advantage of being a publicly-held company? a public company always has a higher share price than a private company. a public company may gain from greater investor involvement than a private company. a public company may have a more prominent reputation than a private company. a public company has fewer requirements to meet when it comes to shareholder communication and reporting.
A public company may have a more prominent reputation than a private company is one potential advantage of being a publicly-held company.
A public company enterprise, publicly traded agency, publicly held company, publicly indexed business enterprise or public confined business enterprise is a agency whose ownership is organized through stocks of inventory which might be intended to be freely traded on a stock alternate or in over-the-counter markets.
A public organization is a business enterprise that has offered all or a part of itself to the general public through an preliminary public supplying. the primary benefit public organizations have is their capacity to faucet the monetary markets by way of promoting inventory (equity) or bonds (debt) to elevate capital (i.e., cash) for expansion and different tasks.
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Given an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce.
If an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce. c) too few units, giving up some units that have more consumer value than productive costs.
What is consumer value?Consumer value can be defined as the way in a company tend to produce or manufactures goods that meets a consumer preference during this may enables consumer derived satisfaction from the use of the product.
Based on the scenario the tax may have a negative effect on the company as they may start producing goods or product that does not have more consumer value.
Therefore the correct option is C.
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The complete question is:
Given an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce
a) too many units, as some units produced will have more productive costs than consumer value.
b) too many units, as some units produced will have more consumer value than productive costs.
c) too few units, giving up some units that have more consumer value than productive costs.
d) too few units, giving up some units that have more productive costs than consumer value.
insurance textbooks traditionally define risk as a. the probability of a loss occurring. b. any situation in which the probability of loss is zero. c. any situation in which the probability of loss is one. d. uncertainty concerning the occurrence of loss.
Insurance textbooks traditionally define risk as uncertainty concerning occurrence of loss.
What is insurance?
In order to protect oneself from financial loss, one party will guarantee another party compensation in case of a specific loss, damage, or injury in return for a fee. It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organisation that offers insurance is referred to as an underwriter, insurer, insurance company, or carrier. A person or entity that purchases insurance is referred to as a policyholder, and someone or something that is protected by the policy is referred to as an insured. Although the terms policyholder and insured are frequently used interchangeably, they are not always synonymous because additional insureds who did not purchase the insurance may occasionally be covered.
Therefore, the correct option is (D) uncertainty concerning the occurrence of loss.
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the opening video of session 07 features a raw materials procurement manager at beiersdorf (a personal-care products manufacturer, including the ercerin, nivea, and coppertone brands). she mentioned that, one thing she likes about her procurement role in this global company is the opportunity to:
One thing she likes about her procurement role in this global company is the opportunity to Travel the globe to visit suppliers and distribution centers, interacting with diverse people from a variety of cultures.
Diversity across all levels of an organization can have a range of positive effects, from fostering creativity to enhancing hiring practices to assisting brands in upholding their principles of inclusivity and social responsibility. However, while it may seem fairly obvious how having more different viewpoints in boardrooms and across the staff base may lead to fresh ideas and eventually growth, the link between diversity and procurement may be less obvious at first look. In fact, the Hackett Group discovered in 2006 that businesses seen as leaders in supplier diversity add an additional $3.6 million to their bottom line for every $1 million in procurement operations expenditures.
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determine which direction a country’s ppc will shift as a result of these major events. the country is hit by a natural disaster that destroys its infrastructure. the government starts 50 new medical clinics in rural areas. there is an acute shortage of teachers in several of the country’s states. seven computer hardware companies set up new manufacturing units in the
The direction a country’s ppc will shift as a result of these major events will shift to the left.
A natural disaster strikes the nation, destroying its infrastructure. Several states around the nation are severely short on instructors.A Rightward Shift
Fifty new medical clinics are opened by the government in rural areas.Seven manufacturers of computer gear have opened new facilities in the nation.Production potential curves (PPC) frequently vary as a result of advancements in technology or expanding economies. A shift to the right happens when more products are created as a result of technological advancement, ceteris paribus. This change may also take place when the economy expands and more capital and consumer items can be produced.
When a natural disaster occurs, it may affect production components that are essential inputs to the economy. As a result, the economy's production will decline. The PPC will shift to the left, for instance, if a tsunami diminishes the magnitude of the inputs that the economy uses to make the outputs.
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hat is the effect of tariff on a particular product for the country imposing the tariff? a. increases domestic production of the product b. decreases the deadweight cost of the country c. increases domestic consumption of the product d. decreases government trade revenues
Increases domestic production of the product. It is correct because imposing a tariff decreases the number of imported goods into the domestic economy.
The correct option is d.
Tariffs increase the prices of imported items. because of this, home producers are not compelled to lessen their expenses from expanded opposition, and home customers are left paying higher expenses as a result.
Virtually, the manner in wherein import demand responds to modifications in tariffs will depend upon a spread of factors.
Those encompass the reaction of producers and purchasers to fee changes, the share of imports in domestic manufacturing and intake, the substitutability of imports for domestic products, and so on.
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if jane wants to buy a lava lamp for her living room, she can browse 17 sites. what are the benefits of electronic retailing compared with in-store retailing?
Store Retailing is a fixed of enterprise sports that provides price to the goods and offerings offered to customers for his or her non-public or own circle of relatives use. A store is an enterprise that sells merchandise and/or offerings to customers for non-public or own circle of relatives use.
The mixture of things shops uses to meet purchaser wishes and have an effect on their buy choices is referred to as the firm's: retail mix. electronic retailing.
Business sports discuss with the sports carried out via way of means of agencies to make an income and make sure enterprise continuity. Examples include production, sales, buy of property, plant, and equipment, acquisition of different companies, buying marketable securities, and acquiring loans from monetary institutions. A purchaser marketplace is a marketplace whilst people buy services or products for his or her personal non-public use, in place of shopping for it to promote themselves.
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Which example shows a victim authorizing a scam or fraud?
A. Juan got a call saying he had unpaid parking tickets and they asked for his credit card number. He gave it to them to avoid going to jail.
B. Drew paid for his meal using his credit card. The waiter copied his card and then used the card to purchase things later.
C. Deandre had his identity stolen when he lost his credit card.
D. Samantha used public Wi-Fi to log into her bank account. A couple of days later, there were some mysterious withdrawals from her account.
Answer:
most likely B
Explanation:
because it's fraud
hang ten surfing supplies have annual sales of $25 million, of which 3% goes to net margin. their balance sheet indicates that they carry $7.5 million in debt, on which they pay interest of 10%. they pay corporate taxes of 40%. what is their ebit?
Their EBIT calculated will be $ 2,000,000
Earnings before interest and taxes (EBIT):EBIT is a basic measure of a company operating profitability. As the name suggests, EBIT is net income excluding the effect of debt interest and taxes. Both of these costs are real cash expenses, but they are not directly operated by the company core business operations.
Calculating the problem:
EBIT is computed as:= [ (Sales x Net margin) / (1 - tax rate) ] + Amount of debt x interest rate)
= [ ($ 25,000,000 x 3%) / (1 - 0.40) ] + $ 7,500,000 x 10%
= [ $ 750,000 / 0.60 ] + $ 750,000
= $ 1,250,000 + $ 750,000
= $ 2,000,000
How EBIT is calculated?EBIT is measured by subtracting a company cost of goods sold (COGS) and its operating expenses from its revenue.
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credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. otherwise, the full amount is due in 30 days. group startstrue or false
This assertion is accurate. Credit conditions of 2/10, n/30 signify that the seller will give the buyer a 2% cash discount if they pay the full amount within 10 days of the invoice date. If not, the entire sum is due in 30 days.
What does 2/10 N 30 signify in terms of sales discounts?Trade credit is given by the seller to the buyer in the amount of 2/10 net 30. Invoices must be paid in full within the first ten days after the invoice date to qualify for a reduction of 2% on the net amount. Otherwise, a reduction is not offered, and the entire invoice amount is due in 30 days.
What exactly do the credit terms 2/15 N 30 mean?The words "2/15, n/30" (2% discount for payment within 15 days and full payment due within 30 days) and "n/10 EOM" are a couple of versions of the cash discount terms (the invoice is due and payable 10 days after the end of the month in which the sale occurred).
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an investor has an annual income of $100,000 and a net worth of $1 million. what is the annual limit that this investor can invest in all crowdfunding offerings?
If an investor has an annual income of $100,000 and a net worth of $1 million. The annual limit that this investor can invest in all crowdfunding offerings is $5000.
Crowdfunding is a kind of finance where funds are raised by asking a large number of individuals to make relatively small individual investments or contributions.
The federal securities regulations must be followed if a corporation wants to issue and sell securities through crowdsourcing. Any offer or sale of a security must, by law, either be registered with the SEC or qualify for an exemption.
Regulation The sale of up to $1.07 million worth of securities can be made by businesses without registering the offering with the SEC thanks to a crowdfunding exemption from the registration requirements for securities-based crowdfunding.
The general public now has the chance to take part in the early capital raising operations of start-up and early-stage enterprises thanks to regulation crowdfunding. In a Regulation Crowdfunding offering, anybody can invest. However, the amount you can invest in these transactions over any 12-month period is capped due to the dangers associated with this sort of investment. Your net worth and yearly income determine the maximum amount you are permitted to invest.
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management has questions. accountants have answers. these answers should come from either internal or external business processes. and come from which firm information system (customer relationship management, enterprise system, supply chain)?
The answers for the management questions are from customer relation ship, enterprise system and supply chain.
1. The company's internal fixed asset value is recorded in the enterprise management system.
2. Zappo is a client, and shoes information comes from an outside source. Customer relationship management software is used to handle customer data.
3. Third-party delivery times are managed through the supply chain and are an external source of information.
4. The enterprise management system is used to handle the salaries of the accounting personnel.
5. An internal source of information maintained by the enterprise management system is the books of accounts.
6. Supply chain management is used to track the delivery times for General Motors as an external source of information.
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The complete question is given in the attachment figure
one bag of coffee beans is sold for $5 to a cafe that uses it to brew coffee which it sells to customers for a total of $20. a second bag of coffee is sold directly to joan for $7, who uses it to brew coffee for her family every morning. what is the contribution to gdp from the purchases of coffee beans and coffee?
The purchase of coffee beans and coffee results in a $27 contribution to the GDP.
What is the GDP?Gross Domestic Product (GDP) is the most inclusive quantitative indicator of a nation's total financial activity. More specifically, GDP is the monetary estimation of all goods and services produced inside a nation's borders during a certain period of time, assuming that all other factors are equal.
Here's how we figure it out:
A coffee shop buys one bag of beans for $5,
which it then sells to customers for a total of = $20
a second bag of beans is then bought directly by Joan for = $7
purchase of coffee beans and coffee results in a contribution to GDP= $20+ $7 = $27.
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What is the effect on the financial statements of writing off an uncollectible account under the direct write-off method?.
A small firm can quickly debit the bad debt expense account and credit accounts receivable under the direct write-off technique when it deems an invoice uncollectible is the effect on the financial statements of writing off an uncollectible account under the direct write-off method.
Because the corporation does not anticipate receiving payment, when debts are written off, they are eliminated as assets from the balance sheet. When a bad debt is wiped off, however, part of its value is still considered an asset. As a result, both the income that was recorded and the unpaid debt owed to the company is removed from the records.
The write-off reduces assets (accounts receivable) and raises assets (allowance for doubtful accounts), but there is no net change in total assets, total liabilities, or shareholders' equity as a result of the write-off. The statement of cash flows is unaffected by a write-off.
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a parent buys 32 percent of a subsidiary in one year and then buys an additional 40 percent in the next year. in a step acquisition of this type, the original 32 percent acquisition should be
The acquisition type is adjusted to market value on the subsequent inception of the contract, with a gain or loss recorded.
Acquisition accounting is a set of formal guidelines that govern how a buyer must record a purchased company's assets, liabilities, non-controlling interest (NCI), and goodwill on its consolidated statement of financial condition.
On the buyer's balance sheet, the fair market value of the purchased company is distributed between the buyer's net tangible and intangible assets. Any resulting change is seen as goodwill. Acquisition accounting is also known as business combination accounting.
According to International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), all business combinations must be treated as acquisitions for accounting purposes, which means that one company must be identified as an acquirer and one company must be identified as an acquirer even if the transaction creates a new company.
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as the price of gummy bears rises from $2.50 to $2.90 , what is the price elasticity of demand of sugar‑free gummy bears and of ordinary gummy bears? use the midpoint method and specify answers to one decimal place.
The given data has no quantity so let us assume the quantities of sugar and ordinary gummy bears. The price elasticity of demand is simply the change in the quantity over the change in the price.
Sugar free gummy bears:
Initial price(P1) = $2.50 Changed Price(P2) = $2.90
Assumed Quantity Q1 = 175 Q2 = 157
By mid point method price elasticity =
Ed= (Q2-Q1)/[(Q1+Q2)/2]÷ (P2-P1)/[(P1+P2)/2]
So, (157-175)/[(175+157)/2]÷ (2.90-2.50)/[(2.90+2.50)/2]
= (-18/166)÷(-0.4/2.7) = -0.73
Similarly for Ordinary gummy bears with P1=$2.50 P2=$2.90 Assumed Quantity Q1= 379 Q2= 273, by midpoint method the price elasticity is
Ed= (Q2-Q1)/[(Q1+Q2)/2]÷ (P2-P1)/[(P1+P2)/2]
(273-379)/[(379+273)/2]÷ (2.90-2.50)/[(2.50+2.90)/2]
=-2.2
Hence, the elasticity of demand of sugar-free and ordinary gummy bears are -0.73 and -2.2, respectively.
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if an employee's primary function in an organization is transforming resources into goods and services, then he or she is involved in multiple choice staffing. financing. marketing. operations management. customer relationship management.
If an employee's primary function in an organization is transforming resources into goods and services, then he or she is involved in operations management.
Operations management is a branch of management concerned with the design and control of the manufacturing process, as well as the redesign of operational processes in the production of products or services. Operations management (OM) is the management of corporate practices within an organization to achieve the highest possible level of efficiency. Operations management is the managerial activity in charge of overseeing a service's or product's entire production timeline, from the input terminal to the final stage.
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adriana gomez is a newly hired production manager for abc corporation which manufactures wind turbines. as a new manager, abc corp sends adriana to training to familiarize herself with laws that might impact her work. what laws would most likely impact a production manager?
Tort law, environmental law, contracts most likely impact a production manager.
Theatrical production management is a sub-department of stagecraft. The production control group is responsible for realizing the visions of the manufacturer and the director or choreographer inside constraints of technical possibility.
A production manager is a professional who oversees the manufacturing method and coordinates all sports to ensure sufficient sources on hand. they can plan people' schedules, estimate prices and prepare budgets to make sure workflow meets required cut-off dates.
Production managers are responsible for the technical management, supervision and control of industrial production approaches. Shift and 'on-call' paintings can be required, specially where production/manufacturing device is in persistent 24-hour operation.
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victor manages an office supply store. his goal is to keep just enough cash on hand to pay the store's bills, including employee wages, supplies, and utilities, as they fall due. in this scenario, the cash victor keeps on hand is called
In this scenario, the cash Victor keeps on hand is called a transaction balance. A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck.
Transaction balance is a custodian fund that uses deposit bank accounts to track specific department deposits. Large campus departments with a high volume of deposit activity use TBA accounts.
A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck. Transaction accounts are also known as 'everyday accounts.' All posted credit and debit transactions are added to your account balance. It is the amount in your account before any pending charges are deducted.
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the most important things investors want to know are what makes the product more desirable than what's already available and whether or not the product can be patented. in which section of the business plan should investors look to find this information?
The product more attractive than what is presently on the market are the most crucial elements that investors want to know. Should investors check at the marketing plan to find this information.
A marketing plan is a written document that details a company's planned, often one-year, marketing initiatives. It describes the intended advertising, promotion, and marketing initiatives during the investors time frame.
A marketing plan is a practical document that describes the advertising strategy that will be used by a firm to create leads and connect with its target market. The outreach and investors PR programs that will be run over time are described in a marketing plan, along with how the business will evaluate their success.
As a marketing plan is created based on a broad strategic framework, the phrases marketing strategy and marketing plan are sometimes used interchangeably. Sometimes, especially for smaller businesses that might only execute one or two significant campaigns each year, the strategy and the plan may be combined into a single document. Unlike the marketing strategy, which describes the overarching value offer, the plan specifies marketing actions on a monthly, quarterly, or annual basis.
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What is the primary way that torts are different from crimes?
A. Torts never involve illegal actions.
B. Lawyers don't like to defend torts.
C. Torts are a form of civil law.
D. Torts are a form of criminal law
All the factors/way mentioned in the question are primary way which depicts torts are different from crimes.
What is torts and how its work?
A tort is a civil wrong for which a person is legally responsible. A tort is an act or omission that causes harm to another person. In the context of torts, "injury" refers to the violation of any legal right, whereas "damage" refers to a material loss or other harm that a person really experiences.
Tort law's main objectives are to compensate harmed individuals for wrongs committed by others, hold those responsible accountable, and deter others from carrying out damaging acts. Torts allow the party at fault or more qualified to bear the loss to shift the responsibility of loss from the injured party to that party. A person seeking compensation under tort law will typically demand monetary damages as recompense. Injunction and restitution are less prevalent forms of relief.
Remedies:
Torts are recognized by the law as civil wrongs that give victims the right to compensation for their damages. Injured parties may file a lawsuit to get damages in the form of cash settlements or an injunction, which compel a party to stop engaging in a certain conduct. To discourage further wrongdoing, courts have been known to award punitive damages in addition to compensatory damages.
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a country's real gdp in 2014 is $400,000 and increases by 2% in 2015. the population is 1,000 in 2014 and increases to 1,200 in 2015. the country's real gdp per capita in 2015 is $ .
The country's real GDP per capita in 2015 given its real GDP in 2014, percentage increase and the change in population is $340.
What is the country's real GDP per capita?Real GDP per capita is the ratio of a country's GDP to its population. Real GDP per capita gives an indication of the standard of living of a country's population. The higher real GDP per capita, the higher the standard of living. The real GDP per capita indicates how much of the real GDP each person in a country gets.
Real GDP is the gross domestic product of a country adjusted for inflation. Gross domestic product is the sum of all the goods and services that a country produces in a given year.
GDP per capita = real GDP / population
Real GDP in 2015 =(1 + percentage increase) x real GDP in 2014
(1.02) x $400,000 = $408,000
GDP per capita = $408,000 / 1,200 = $340
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HELP ASAP PLEASE! 20 POINTS!!
Jessica owns a small trading company. The company buys small vending machines from a manufacturer and sells them to the a retailer, thus making a profit. Why are these vending machines a part of the trading firm’s current assets?
A.
the vending machines market value is lower than their original cost
B.
the vending machines are a part of the company’s income
C.
the vending machines are a part of the company’s expenses
D.
the vending machines are to be sold and converted into cash within the normal period of operation
E.
the vending machines could be sold at a loss
Answer:is the letters B
Explanation:
Answer: B
Explanation:
You are looking for a sales associate position in a retail store. You find an online job posting for a retail store that sells casual apparel for young men and women. What are some ways that you could find out more information about the company before you apply for the retail store position?
You can learn more about the position from a variety of sources, including job advertisements, career counselors, career profiles, and your network of friends.
What are some methods by which you could learn more about the business?
1. Career profiles: You can talk with people using these to learn more about jobs and obtain interview preparation advice.
2. Career counselors: They are the ideal people to assist you in finding a job.
3. Job Advertisement: This is a fairly straightforward technique to learn about the fundamental requirements and assess how well you meet them.
4. Network: Knowing the job and succeeding at it both depend on networking.
Here, you can learn more about the sales associate position in detail by reading the job description on the firm's website or in a job portal, browsing the website to get ready for the interview, and connecting with your friends to learn more about the profile in general.
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your client michael feels like he’s getting a great deal on the purchase of his home, since he’s paying only $385,000 and the assessed value is $492,500. he asked you to estimate his monthly property taxes. you know the rate for his jurisdiction is .52%.
If your client Michael feels like he’s getting a great deal on the purchase of his home, since he’s paying only $385,000 and the assessed value is $492,500. he asked you to estimate his monthly property taxes. The monthly taxes is $213.42.
Monthly taxesGiven data :
Cost of home = $385,000
Assessed value = $492,500
Rate = .52%
Now let determine or find the monthly taxes
First step is to calculate the yearly tax rate
Yearly tax rate = Assessed value x tax rate
Yearly tax rate = $492,500 × .0052
Yearly tax rate = $2,561
Second step is to calculate the monthly taxes
Monthly taxes = Annual tax rate / Months in a year
Monthly taxes = $2,561 / 12
Monthly taxes = $213.42
Therefore we can conclude that the monthly taxes based on assessed value is the amount of $213.42.
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toyoda company buys gas pedals and other parts from suppliers and puts them in its vehicles without changing their composition. if the pedals or other parts are determined to be defective, strict product liable for any damage caused by the defects can be asserted against
As per business law Toyoda and the subcontractors(A) have the Product liability for any if the pedals or other parts are determined to be defective and any damage caused by it.
Product liability is the branch of law that deals with who is accountable for damage brought on by defective products and who is in charge of putting products on the market.
Product liability is the term used to describe the responsibility of one party or more along the chain of commerce for any harm brought on by a product. Product liability laws may hold the producer of the product, the distributor, the wholesaler, and the retailer who sold the product responsible when a defective product causes damage.
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The question was incomplete. Check below the full question.
Toyoda company buys gas pedals and other parts from subcontractors and puts them in its vehicles without changing their composition. if the pedals or other parts are defective, strictly liable for any damage caused by the defects are
a. Toyoda and the subcontractors
b. Toyoda and the subordinates
c. Toyoda and the Followers
d. Toyoda and the scrutinizers
a sales rep is on a phone call with a prospect who likes to control the conversation. the constant interruptions make it hard for the rep to find out the prospect's pain points and to pitch.
The sales rep when dealing with a prospect who likes to control conversations should a) ask the prospect what she hopes to get out of the call to encourage her to re-focus.
For a sales rep, dealing with prospects is the main part of the job that will help them to grab clients. The sales rep has to make sure that the prospects do not get offended and hence have to listen to them even when they like to control conversations.
However, when dealing with people who talk to much, a sales rep should ask politely for the person to know what her interests for the call are. If she is interested in the product, then the sales rep can further focus the call for making a sale and can make a pitch. However, if the prospect just seems to be a person of no interest in the product, then the call can be ended without offending the prospect.
Although a part of your question is missing, you might be referring to this question:
A sales rep is on a phone call with a prospect who likes to control the conversation. the constant interruptions make it hard for the rep to find out the prospect's pain points and to pitch.
a) Ask the prospect what she hopes to get out of the call to encourage her to re-focus
b) Tell the prospect that to work together well, she needs to follow the rep's call structure
c) Incorporate what the prospect says into his talking points when there's an opening
d) Offer to set up an in-person appointment to discuss the sales process in more detail
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An auditor would vouch inventory on the inventory status report to the vendor’s invoice to obtain evidence concerning management’s balance assertions about.
An auditor would attest inventory on the inventory status report to the vendor's invoice to gain proof regarding management's balance statements. The right answer is "valuation."
Valuation is the process of figuring out what a business or item is now worth. Various methods can be used to do it.Calculating the fair value of a company, an investment, or an asset is done quantitatively through valuation. In general, a company can be valued separately on an absolute basis or separately relative to other comparable companies or assets.When the management asserts that the financial statements they have created are accurate, they are using the term "management assertion." The Accounting Standard Board divides management claims into three categories: assertions regarding transactions, balances of accounts, and disclosures and footnotes.To know more about "valuation", here
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plainco corporation sells widgets for $3.00 each in market that is perfectly competitive. increasing the number of plainco workers from 1,000 to 1,001 would cause output to rise from 615 to 625 widgets per day. the marginal revenue product for the 1,001st worker is:
The marginal revenue product for the 1,001st worker is 30.
Marginal revenue product= MR*MPL
=3*10
=30
WHERE MR is MARGINAL REVENUE AND MPL is MARGINAL PRODUCT OF LABOUR.
Marginal sales product (MRP), additionally referred to as the marginal price product, is the marginal sales created because of an addition of 1 unit of useful resource. The marginal sales product is calculated with the aid of using multiplying the marginal bodily product (MPP) of the useful resource with the aid of using the marginal sales (MR) generated.
The marginal sales manufactured from hard work represents the more sales earned with the aid of using hiring a further employee. It shows the real salary that the organization is inclined and may come up with the money for to pay for every new employee they hire, and the salary that the organization will pay is the marketplace salary fee decided with the aid of using the forces of deliver.
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If a 25% price increase for product a causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for product b, what is the cross-price elasticity of these goods? round your answer to one decimal place.
As the increase in price and quantity of B is not affected, the cross-price elasticity of these goods will be zero 0.
The quantity required of a good changes in response to a change in the good's price, as shown by the price elasticity of demand.
The change in a product's quantity requested as a result of a change in the price of an associated good is known as cross-price elasticity. Finding the ratio between a proportionate change in quantity required and a corresponding change in price yields the cross-price elasticity.
In this case, cross-price elasticity will be %change in quantity Y ÷ %change in price X = 0 ÷ 25 = 0 This states that the two goods have no relationship.
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