brazil is one of the world’s lowest cost producers of ethanol and soybeans. japanese corporations have heavily invested in brazil to lease large tracts of land to grow soybeans for export to japan, where they are used to derive products such as soy sauce and chicken feed. these japanese companies are cutting costs by a. minimizing factor input costs
A type of legume native to East Asia, the soybean, soy bean, or soya bean (Glycine max) is widely cultivated for its edible bean, which has a variety of uses.
Soybeans are typically used to make non-fermented foods like tofu and tofu skin, as well as soy milk. Natt, tempeh, soy sauce, and fermented bean paste are examples of dishes made from soy. For many packaged meals and animal feeds, fat-free (defatted) soybean meal is an important and affordable source of protein. For instance, many meat and dairy alternatives use components derived from soybeans, such as textured vegetable protein (TVP).
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Politically speaking, which party is more apt to engage in regulatory practices over the business?
In the United States polity, the political party that is likely to wield more regulatory practices over the business is the Democratic party.
Why should the Democratic Party be more rigorous with regulatory practices over the business?The Republican Party is noted for its support of right-wing beliefs such as libertarianism, social conservatism, and economic libertarianism, among others. As a result, Republicans typically advocate for conservative values, little government intervention, and strong support for the private sector.
In contrast, the Democratic Party prefers a mixed economy and typically supports a progressive tax structure, increased minimum wages, Social Security, universal health care, public education, and subsidized housing. It also encourages infrastructure development and sustainable energy investments in order to spur economic growth and employment creation.
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in 1880 five aboriginal trackers were each promised the equivalent of 100 australian dollars for helping to capture the notorious outlaw ned kelley. in 2000 the granddaughters of two of the trackers claimed that this reward had not been paid. the victorian prime minister stated that if this was true, the government would be happy to pay the $100. however, the granddaughters also claimed that they were entitled to compound interest. a. how much was each granddaughter entitled to if the interest rate was 3%? (do not round intermediate calculations. round your answer to 2 decimal places.) b. how much was each entitled to if the interest rate was 6%? (do not round intermediate calculations. round your answer to 2 decimal places.)
Each granddaughter entitled to 3471.10 if the interest rate was 3%, and Each granddaughter entitled to 108,818.77 if the interest rate was 6%
Part a
Calculate how much was each granddaughter entitled to if the interest rate was 3%:
Here we get the Future Value, FV,
We have, FV = PV*(1+r)^n
Where FV is future value
PV is present value
n is the period (from 1880 to 2000)
r is the interest rate
Given that, PV=100
n=2000-1880=120 years
r=3%
FV=PV*(1+r)^n
=100*(1+0.03)^120
=100*34.710987
=3471.0987
FV=3471.10
Hence each granddaughter is entitled to future value of 3471.10
Part b
Calculate how much was each entitled to if the interest rate was 6%;
We have FV = PV*(1+r)^n
PV=100
n=120
r=6%
FV=100*(1.06)^120
FV=100*1088.187748
FV=108,818.7748
FV=108,818.77
Here, each is entitled to future value of 108,818.77
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suppose haiti has a comparative advantage over other countries in producing sugar, but other countries have an absolute advantage over haiti in producing sugar. if trade in sugar is allowed, haiti
If Haiti has a comparative advantage in the production of sugar, it will export sugar.
What is comparative advantage?
A country has a comparative advantage in an activity if its opportunity cost in the production of that good is lower when compared to the opportunity cost of other countries.
Economic theory postulates that the country that has comparative advantage in an activity should specialise in the production of the good. Such a country should also export the good to other countries that do not have a comparative advantage in the production of the good.
A country has an absolute advantage in the production of a good if it produces a greater quantity of the good when compared with other countries.
Here are the options:
a. will import sugar.
b. will export sugar.
c. will either export sugar or export sugar, but it is not clear from the given information.
d. would have nothing to gain either from exporting or importing sugar.
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a team of researchers recognizes that the line of scientific inquiry they are pursuing has the potential for both public benefits and the risk of harm to the public. what decision will the team make if they are guided by the principle of public beneficence?
The team will likely pursue the scientific inquiry, as the potential public benefits outweigh the risks of harm.
What is risks?
Risk can be defined as the chance that something negative will occur. Risk is uncertainty about how an action will affect or implicate something that people value, frequently focusing on unfavourable outcomes. There have been many different definitions put forth. "Effect of Uncertainty on Objectives" is the international standard description of risk for use in various applications. Different practise areas have different understandings of risk, approaches to risk assessment and management, descriptions of risk, and even definitions of risk. Links to articles with more information on these topics are provided in this article. The international standard for managing risk, ISO 31000, offers fundamental ideas and general recommendations for handling risks that organisations must deal with.
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In a manufacturing company , the budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories . ( enter only one word per blank )
In a manufacturing company , the direct materials budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.
Components that go into a manufactured good are known as direct materials. For instance, the direct materials used in the creation of a smartphone are the screen, integrated circuits, camera modules, and buttons. Direct material refers to the tangible components that make up a production. For instance, water are direct materials for a baker. Cost accounting uses the direct materials concept to categorize this cost independently for various forms of financial analysis.
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which statement is true of the commercial service of the u.s. department of commerce? multiple choice it focuses on large businesses. it offers u.s. firms a unique global network. it offers u.s. firms practical knowledge of national markets and industries. it doesn't use information technology. it is a local business solutions unit.
The Commercial Service of the U.S. Department of Commerce offers U.S. firms a unique global network. Hence, b) option is correct.
What is United States Commercial Service?
The International Trade Administration of the U.S. Department of Commerce has a division dedicated to trade promotion called the United States Commercial Service (CS). A branch of the U.S. Foreign Service, CS employs diplomats as its commercial officers. Thousands of American businesses export products and services worth billions of dollars each year with the assistance of the CS global network of trade specialists. There are CS trade specialists all around the United States as well as in more than 75 foreign embassies and consulates. The goal of CS is to develop and defend key global U.S. economic and commercial interests.
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weber company has the following account balances: purchases $28,000 sales returns and allowances 4,000 purchase discounts 2,500 freight-in 1,875 compute the cost of goods purchased for the period.
Cost of goods purchase = Purchase + Freight-in = $28,000 + $1,875 = $29,875
The following account balances are held by Weber Company: spends $28,000 on purchases, allowances, and sales returns. Discounts on 4,000 purchases Calculate the cost of the period's purchases using 2,500 freight-in 1,875.
An allowance is a reserve set aside in anticipation of costs that will arise at a later time. By creating a reserve, an expense that would have otherwise been recognized in a later period is instead recognized sooner, into the present period.
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clairmont company recently changed from a manual manufacturing process to an automated manufacturing process. based on this, they should also implement incentives for ethical behavior. implement activity-based costing. pursue corporate social responsibility. evaluate the company for a balanced scorecard.
A balanced scorecard (BSC) is a visual tool used to compare an activity's effectiveness to a company's strategic aims. In order to make sure that the company's activities are in line with its overall strategy and vision, balanced scorecards are frequently employed during strategic planning.
Activity-based costing:
Overhead and indirect costs are divided across related goods and services according to the Activity-based costing (ABC) method. This accounting approach of costing acknowledges the link between costs, overhead activities, and produced items, allocating indirect costs to products less arbitrarily than conventional costing systems do. However, it can be difficult to link some indirect costs, like the management and office staff salaries, to a particular product.
Employees should be rewarded for making moral decisions by receiving money bonuses, professional advancement, or awards for good stewardship while boosting profitability. Making a profit sharing scheme is arguably the best incentive for employees to behave ethically.
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a weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. an example of this would be a(n) .
The weighted scoring model that used to evaluate project proposals is project screening matrix. Project screening matrix can be defined as a tool used to screen projects by listing each one against different categories of weighted screening criteria.
A weighted scorecard or also known as A weighted scoring model can be defined as a project management technique used for weighing certain decisions, such as prioritizing the development of product features, prioritizing project actions, purchasing new software, etc. Weighted scoring model is used to prioritize your product backlog, to felicitate working on relevant tasks that will give valuable returns to the business and meaningful, and to helps teams to make any decision.
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What is productivity? question 1 options: the accuracy with which you complete tasks the number of tasks assigned to you how well organized your tasks are the rate at which you complete tasks
Answer: Hey! The answer should be "the rate at which you complete tasks" i think.
Explanation: I took the 6.03 quiz <33
Productivity is the rate at which you complete tasks.
Productivity boosts morale and creates a corporation subculture of excellence, ensuing in an improved place of the work environment. When an organization is especially efficient and a success, incentives like pay hikes, bonuses, medical insurance, etc., are made available to the personnel.
Those may be skills that assist a man or woman excel at his/her job, however, they can also be skills that carry groups collectively to work more correctly for the extra goal. Examples of productiveness capabilities include time control, organizational and making plans abilities, problem-solving, and decision-making competencies.
Truly put, workplace productiveness is getting your paintings accomplished in the least amount of time without compromising the satisfaction of work and your body as well as your intellectual properly-being.
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What decision support strategy uses a technique based on identifing a similar problem with a known effective solution, and apply the approach to this problem?.
Identify the problem strategy uses a technique based on identifing a similar problem with a known effective solution, and apply the approach to this problem.
A plan utilized to discover a solution or get through a difficulty is known as a problem strategy. Each issue-solving technique has several steps that give you valuable instructions on how to deal with a problem in business or in your industry. The psychological barriers that inhibit people from solving effective solution have received extensive research; these barriers include confirmation bias, mental sets, and functional fixedness. One needs to ask why the government runs its policies in such ineffective ways in order to offer an effective solution to the issue. In other words, in order to effective solution any particular issue, it is typically necessary to address some other issue(s) from the same condition.
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why can diversification not eliminate all risk? risk is inherent to a stock market investment. some companies in the portfolio may go bankrupt. some risk factors are specific to particular companies. common factors affect most stocks in a similar fashion.
Diversification will mean that there will eradication of unsystematic risk in the portfolio, but systematic risk will never be eliminated because systematic risk reflects to market risk which is impacting all of the stocks within the portfolio in similar manner.
What is Diversification?
Diversification in finance refers to the process of assigning capital in a way that limits exposure to any one specific asset or risk. Investing inside a variety of assets can help lower risk or volatility, which is a common step towards diversification. A diversified portfolio will have a lower variance than that of the weighted average variance of the its constituent assets, and frequently less volatility than that of the least volatile of its constituents, if asset prices do not fluctuate precisely at the same time. One of two general strategies for lowering investment risk is diversification. Hedging is the other.
Diversification will be an reflection of allotment of the capital throughout different assets, and as such diversification will mean there will be elimination of systematic risk in the portfolio.
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a manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. this involves a
Since the marketer is concentrating on offering same goods in one size but in different colors to all, this strategy is called as mass marketing.
In essence, mass marketing is a tactic meant to draw in a large section of the population. It overlooks niche demographics differences in Favour of appealing to the biggest possible group of prospective customers. Mass marketing approach concentrates on a higher number of sales at reduced prices in order to get the goods its most publicity possible.
One of the major benefits of mass marketing is that it can through single program, any advertising messaging distributed through mainstream media such as television and print have the potential to reach millions of viewers. Achieving advantages of scale can also lower the cost of distribution channels in contrast to serving and transporting goods based on a particular target audience.
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Chris is gathering information about the general economic environment in nepal. In doing so, he will look for information about the general economic environment, market size and population growth rate, and.
In order to gather information about the general economic environment in Nepal, Chris should look for information about the general economic environment, market size and population growth rate, and e. real income.
In the field of business, the general economic environment of a country refers to the performance of businesses and organizations of the country and the revenue that they are producing.
In order to gain knowledge on the general economic environment of Nepal, Chris should first look at the general economic environment worldwide and ten also at Nepal in particular. He needs to know the market size of Nepal in order to speculate whether the general economy is proving to be beneficial.
Population growth also affects the general economic environment as the more the population, the more will be the revenue. He also needs to look at the real income that is made by the people or businesses.
Although a part of your question is missing, you might be referring to this question:
Chris is gathering information about the general economic environment in Nepal. He will look for information about the general economic environment, market size and population growth rate, and
a. political status.
b. airport capabilities
c. culture.
d. religious institutions
e. real income
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a(n) is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and qualifications of the owner(s).
A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have over the competition, and the resources and qualifications of the owner.
A certification is a third-party attestation of an individual's stage of understanding or proficiency in a sure industry or career. They're granted with the aid of the government inside the area, including expert societies and universities, or by way of personal certificate-granting agencies. Most certifications are time-constrained; a few expire after a time frame (e.G., the lifetime of a product that required certification for use), even as others may be renewed indefinitely so long as sure necessities are met. Renewal commonly calls for ongoing education to remain up-to-date on advancements inside the area, evidenced by earning the desired range of continuing schooling credit (CECs), or continuing training gadgets (CEUs), from accepted professional improvement courses.
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eric potato chips each day, and does not purchase any name-brand chips. blake's hourly wage increases from $8 to $15 , and he decides to eat one name-brand bag and one generic-brand bag each day. calculate blake's income elasticity of demand for generic potato chips. quizlet
Blake income increased from $8 to $15, Income elasticity of demand (IED = %change in quantity ÷ %change in income) for generic product = 2-1 / 15 - 8, 0.01÷7 = 0.0014.
The term "income elasticity of demand" describes how responsive a given good's quantity demand is to changes in the real income of the customers who purchase it. In contrast to the price-demand equation, the demand for a product and consumer income are directly correlated.
The measure is used by businesses to forecast how a business cycle would affect sales. The income elasticity of demand for a given good may be positive, negative, or non-responsive.
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g an exchange-traded fund (etf) is best described as: select one: a. a type of open-end fund that trades as a listed security on one of the stock exchanges. b. a professionally managed fund that requires accredited investors. c. a type of closed-end fund that trades as a listed security on one of the stock exchanges. d. a fund that operates with a fixed number of outstanding shares. e. a fund that allows you to trade funds informally online with other investors.
An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.
A pooled investment security called an exchange-traded fund (ETF) functions very similarly to a mutual fund. ETFs often follow a certain sector, index, commodity, or other asset, but unlike mutual funds, they can be bought or sold on a stock exchange just like normal stocks can. Anything from the price of a single commodity to a sizable and varied group of securities can be tracked by an ETF. ETFs may even be designed to follow particular investment strategies.
Because it is exchanged on an exchange like stocks are, an ETF is also known as an exchange-traded fund. As shares of an ETF are purchased and sold on the market throughout the trading day, the price of the shares will fluctuate. Contrary to mutual funds, which only trade once daily after the markets close and are not traded on an exchange, this is the case. In comparison to mutual funds, ETFs are typically cheaper and more liquid.
Unlike stocks, which only hold one underlying asset, ETFs hold a variety of underlying assets. ETFs are frequently used for diversification because they contain a variety of assets. Thus, a variety of investments, including stocks, commodities, bonds, or a combination of investments, can be found in ETFs.
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to what extent does the development of new technologies simplify and routinize the jobs of employees? can you give an example? how can new technology lead to job enlargement? discuss.
It is important to note that technological advances have historically increased productivity, generated sustained increases in living standards, and created more jobs than they have destroyed.
Productiveness is the performance of manufacturing of products or services expressed by using some degree. Measurements of productiveness are often expressed as a ratio of a combined output to an unmarried input or an aggregate enter utilized in a manufacturing process, i.E. Output according to a unit of input, normally over a particular time frame. The most common instance is the (combination) labor productivity degree, one instance of that is GDP per employee. There are many distinctive definitions of productivity (including those that are not described as ratios of output to enter) and the selection among them relies upon the reason of the product size and/or records availability. The important thing supply of difference among various productiveness measures is also generally related (without delay or circuitously) to how the outputs and the inputs are aggregated to acquire any such ratio-kind measure of productiveness.
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What are the values of the mean and the standard deviation for the standard normal model?.
For the standard normal model, the value of the mean is equal to zero (μ=0), and the value of the standard deviation is equal to 1 (σ=1).
Standard deviation:
The standard deviation is the average amount of variability in the given dataset. It informs you, on average, how far each value lies from the mean. A high standard deviation refers to values that are generally far from the mean, while a low standard deviation points that values are clustered closed to the mean.
What is the value of mean and standard deviation?The standard deviation is calculated as the square root of variance by expressing each data point deviation relative to the mean. If the data points are from the mean, there is a higher deviation under the data set; thus, the more spreaded out the data, the higher the standard deviation.
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suppose a company charges an annual premium of $100 for an insurance policy for minor injuries. actuarial studies show that in case of an injury claim, the company will pay out an average of $800 for outpatient care and an average of $4000 for an overnight stay in the hospital. they also determine that, on average, each year there are five claims made that result in outpatient care for every 1000 policies and three claims made that result in an overnight stay out of every 1000 policies. what is the expected annual profit of an insurance policy for the company?
The insurance firm (the insurer) and the person(s), company, or other entity being covered have a legal agreement called an insurance policy (the insured).
As per the given question,
Annual Premium = $100
Average of outpatient care = $800
Average of overnight stay = $4000
No. of claims for outpatient care = 5
No. of claims for overnight stay = 3
No. of policies = 1000
First, we need to find out the expected loss.Therefore,
Expected Loss = 800*(5/1000) + 4000*(3/1000)
= 4 + 12
= $16
We know that,
Profit = Income – Loss
= $100 - $16
= $84, but this is for just one policy.
Therefore , for 1000 policies,
Profit = $84*1000
= $84,000
Thus, the expected profit of an annual insurance policy for the company is $84,000.
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which of the following is not true regarding defensive strategies? multiple choice question. they usually help enhance a firm's competitive advantage. they can weaken the impact of attacks that occur by other firms. they can influence competitors to aim their efforts at other rivals. they can lower the risk of being attacked by other firms.
Regarding defensive strategies it is not true that they usually help enhance a firm's competitive advantage.
A marketing approach known as a defensive strategy aids businesses in keeping hold of valuable clients who may otherwise be attracted by rival businesses. Companies that are situated in the same market niche or that cater to the same customer base are considered competitors.
Each company must safeguard its brand, growth prospects, and profitability when this rivalry exists in order to preserve a competitive edge and a respectable reputation among other brands. Businesses work to eliminate their rivals from the sector in an effort to lower the risk of financial loss.
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suppose you buy a bond for $940 and it will pay you back $1,000 one year from now. what interest rate are you receiving? suppose you buy a bond for $940 and it will pay you back $1,000 one year from now. what interest rate are you receiving? 6.0% $60 6.2% 6.4%
The interest rate that is being given is 6.4%, considering purchase and redemption price of bond, So, the correct option is (d).
Given information:
Purchase price of bond = $940
Buy back price of bond = $1,000
Interest received by bondholder = $1,000-$940 = $60
Rate of interest on bond = $60/$940*100 = 6.38% or 6.4%
Bonds are fixed-income securities that reflect payments from creditors to borrowers . A bond can be compared to an agreement detailing the conditions of the loan and the accompanying payments between both the lender and borrower. Companies, municipalities, counties, and political entities utilize bonds to help fund operations and projects. Bondholders are the issuer's debtors or creditors.
The bondholder receives the difference between issue price and redemption price as the interest on bonds.
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chocolate industries earned $3,900 on an investment that is currently worth $25,000. what was the value of the investment before the manager earned the interest?
The value of the investment before the manager earned the interest was $21,100.
The value of the investment before the manager earned the interest can be calculated using subtraction.
Subtraction is one of the four basic arithmetic functions and can be described as the process of taking away a number from another number or in other words the process of removing objects from a collection.
As the current worth is given to be $25,000 and the industry earned $3900 on the investment, therefore the value of the investment can be calculated by subtracting the earned amount from the current worth as follows;
investment = 25000 - 3900
investment = 21,100
Therefore, the value of the investment is calculated to be $21,100.
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the manner in which union dues are collected wherein the union member agrees to a payroll deduction of union dues, which are collected by the employer and paid directly to the union is called the:
The term "dues check off system" refers to a method of collecting union dues in which the union member consents to a payroll deduction of dues, which are then gathered by the employer and given directly to the union.
An employee is a person who is employed by an employer to do a certain task. Employers have control over how much money employees receive, when they work, and how they work. Employees receive perks in return that contractors do not. With their employer, employees often agree on a salary and receive benefits like overtime compensation and vacation time. In contrast to independent contractors, employers take up the financial risk of the endeavor in exchange for greater control over the employee's job, making employees a different type of entity.
A person who can be hired by an employer to perform a specified task is known as an employee. Employers have complete control over what employees do and how it will be done, in contrast to contractors who enjoy greater freedom than employees.
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Disadvantages of canteen
The quality of the food is another drawback of an office canteen.
The required details for canteen in given paragraph
Having a cooked lunch is a luxury for many employees, but as it becomes more commonplace, many may choose the tastier options instead of giving their food much care. Unhealthy selections start to dominate and, if routinely consumed, will result in future issues. For kids who may feel overwhelmed by their newfound freedom to choose what they eat for lunch, having too many food options can result in making bad eating decisions.
Despite the fact that parents frequently have little knowledge of the foods their children choose, they are the ones who load money onto their pupils' lunch cards.
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When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held constant.
When the expected inflation rate increases, the real cost of borrowing decreases and bond supply increases everything else held constant.
What is inflation rate?
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of goods and services over time can serve as a proxy for the rate during which purchasing power declines. A unit of currency now effectively buys more than it did in earlier periods due to the increase in prices, which is frequently expressed as an increase in percentage. Deflation, which happens when prices fall and purchasing power rises, can be compared to inflation. Human needs go beyond just either one two products, even though it is simple to track price changes over time for specific products. For a comfortable life, people require a wide variety of products as well as a variety of services.
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What is the average number of careers a person
has between the ages of 18 and 42?
Answer:
The average number of careers is 10
When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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the closing process involves separate entries to close (1) expenses, (2) drawings, (3) revenues and (4) income summary. the correct sequencing of the entries is: a. (3), (2), (1), (4) b. (4), (3), (2), (1) c. (1), (2), (3), (4) d. (3), (1), (4), (2)
The closing process involves separate entries to close (1) expenses, (2) dividends, (3) revenues, and (4) income summary. The correct sequencing of the entries is (3), (1), (4), (2).
What is revenue?
The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is referred regarded as the "top line" in accounting since it increases equity in the Equity part of the balance statement.
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A decrease in the price of domestically produced industrial robots will be reflected in.
A decrease in the price of domestically produced industrial robots will be reflected in the GDP deflator but not in the consumer price index.
What is industrial robots?
A manufacturing robot system is referred to as an industrial robot. Industrial robots have three or maybe more axes of motion, are automated, and can be programmed. Robots can be used for a variety of tasks that require high endurance, speed, and precision, such as welding, painting, assembly, disassembly, picking and placing for printed circuit boards, packaging and labelling, palletizing, product inspection, as well as testing. They can help with handling materials. According to the International Federation of Robotics, 1.64 million industrial robots are expected to be in use worldwide by 2020. (IFR). The most popular type of industrial robots are articulating robots. They are also known as robotic arms or manipulator arms because of the way they appear to be human arms. The articulated arms can move in a variety of ways thanks to their multiple degrees of freedom of articulation.
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