in 2018, spotify was available in many countries around the world. the same year, spotify offered an attractive deal available only to students—spotify premium, hulu limited, and showtime, all for one monthly payment of $4.99. the fee is half the amount charged for a standard spotify premium account. to qualify for the deal, students must provide their information, such as name and birthdate, to spotify and its third-party partner, sheerid. sheerid is a verification service utilized by companies to confirm various personal attributes and qualifications. in this case, your current student status at a title ix school is in a database, which is accessed by sheerid.
1. In making this offer to students, Spotify is:___.
a. engaging in perfect price discrimination, charging each individual based on her or his willingness to pay.
b. using the hurdle method, getting people to self-identify their willingness to pay by requiring them to overcome one or more obstacles.
c. engaging in group pricing, where the market segments are students and nonstudents.
2. By requiring third-party verification for the discount, rather than simply requiring an ".edu" e-mail address--as many other retailers do-Spotify effectively:___.
a. narrows the consumer base to students with the highest reservation prices.
b. ensures that its discount only applies to students, as opposed to professors or others employed at universities.
c. narrows the consumer base to students with the lowest reservation prices.

Answers

Answer 1

1. In making this offer to students, Spotify is:___.

a. Engaging in perfect price discrimination, charging each individual based on her or his willingness to pay.

2. By requiring third-party verification for the discount, rather than simply requiring an ".edu" e-mail address--as many other retailers do-Spotify effectively:___.

b. ensures that its discount only applies to students, as opposed to professors or others employed at universities.

When Spotify Launched:

On April 23, 2006, Daniel Ek and Martin Lorentzon established Spotify, a privately held Swedish supplier of media services including audio streaming.

Spotify Free is it free:

Although Spotify is free to use, it has a small feature set. On the free plan, you can skip up to six songs per hour while the music is playing in shuffle mode. You can access Daily Mix playlists but cannot access Spotify Radio.

Is Spotify an improvement over Apple Music:

Both Apple Music and Spotify are top-notch streaming platforms. Although Apple Music is still the superior choice if you want to listen to Dolby Atmos or Lossless audio or have a large number of local files in your library, Spotify undoubtedly wins in most categories.

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Related Questions

what are the main activities in the production and maintenance phase of system development?

Answers

The planning, construction, testing, and general design of the way an conceptual model is constructed and maintained are all included in the process.

Which tasks are carried out during the maintenance phase?

The client keeps track of the program throughout this servicing phase to make sure it keeps up with the coding requirements. The client not only keeps track on performance evaluation, but also fixes bugs and updates program as needed.

What activities take place throughout the deployment and maintenance phases?

Goal of the Deployment Phase

the development group must adhere to certain steps in the deployment process to guarantee that the program and technologies deploy properly. The stages are as follows: product deployment, property transfer, distribution planning and processes, and final implementation phase.

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A firm is operating in the United States with only two other competitors in the industry.
question:
1. It is likely this industry would be characterized as..
a. perfectly competitive.
b. pure monopoly.
c. monopolistically competitive.
d. oligopoly.

2. Firms in this industry will likely earn:
a. an economic loss.
b. an economic profit.
c. a normal profit.

3. If foreign firms begin supplying the product, increasing the number of competitors, it is likely that:
a. economic profits will increase.
b. economic losses will become smaller.
c. economic profits will fall.
d. normal profits will increase.

Answers

An oligopoly is a market system in which a market or industry is controlled by a limited number of significant sellers or producers (from the Greek words oligos, "few," and v, polein, "to sell")

.Oligopoly frequently arise from the goal to maximize profits, which can result in corporate collaboration. As a result, there is less competition, higher consumer prices, and lower employee compensation. Numerous industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacture, and automobile manufacturing, have been identified as oligopolistic.

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is the process different when applying for a residential mortgage loan versus a commercial mortgage loan? if yes, how? if no, why not?

Answers

yes there are differences when applying for a residential mortgage loan versus a commercial mortgage loan.

In a resi mortgage, your loan is paid off once the entire principal balance has been paid off. It's uncommon for business mortgages to be like that. The typical period of a commercial loan is usually less than the amortization schedule (the time until the whole balance is due) (the amount of time it would take to pay down the principal with equal payments). Consider a typical, fixed-rate, five-year commercial mortgage. You may be paying it back at a rate that would take 25 years to pay it off if it were on a 25-year amortization schedule. You must repay the entire debt at the conclusion of the 5-year period because you don't have a 25-year term.

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how much juice flavor concentrate (25% total solids) should be added to 750 kg of apple juice (9% ts) to make a product with 14.5% t.s.? how much beverage will be produced?

Answers

% Of total solids on juice flavor concentrate = 25% = 0.25

Let assume the amount of juice flavor concentrate = X

% Of total solids on apple juice = 9% = 0.09

The amount of apple juice = 750 Kg

% Of total solids on final product = 14.5% = 0.145

Using the formula,

% Of total solids of final product = (%of total solids in juice flavor * amount of juice flavor concentrate) + (%of total solids on apple juice*amount of apple juice)/amount of juice concentrate + amount of apple juice

0.145 = (0.25 * X) + (0.09 * 750) /X + 750

0.145 X + 108.75 = 0.25X + 67.5

(0.25X - 0.145 X) = 41.25

0.105 X = 41.25

X = (41.25/0.105) = 392.86 Kg

Therefore, total beverage produced = 750 +X = 750 +392.86 = 1142.86 Kg.

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in group development, what is the stage where the group dissolves once the goal has been achieved, or alternatively, through situations such as organizational restructuring?

Answers

Adjourning is the stage where the group dissolves once the goal has been achieved, or alternatively, through situations such as organizational restructuring.

The fifth and final stage of group growth, which was created by Bruce Tuckman in 1977, is known as the adjourning stage, which takes place after a group completes its work before dissolving. It is critical that team members receive appropriate closure and commendation at this time for the work they have completed.

The assembly's business is finished at the adjourned meeting. An item of business may be tabled until the meeting that follows the adjourned one. The meeting that was adjourned had to be planned before the assembly's subsequent regular meeting.

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When a grocery store accepts your $5 bill in exchange for bread and milk, the $5 bill serves as a:
Select one:
a. medium of exchange.
b. unit of account.
c. store of value.
d. standard of deferred payment.

Answers

When a grocery store accepts your $5 bill in exchange for bread and milk, the $5 bill serves as a. medium of exchange.

What is Medium of exchange?

A medium of exchange is a device or system that acts as a middleman in transactions involving the exchange of goods between parties. A system must represent a standard of value in order to serve as a medium of exchange. All parties must concur to that norm as well. Currency serves as the primary means of exchange in modern economies.

The use of a medium of exchange promotes increased trading activity and improves economic efficiency. A trade between two parties in a traditional barter system can only take place if one party has a commodity that the other party wants, and vice versa.

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meeting competition and nonprice competition are types of _____ pricing objectives.

Answers

Status quo-oriented pricing goals include those that focus on meeting competition and non-price competition.

Status quo strategy aims to keep the product pricing in line with those of the same or similar items sold by the rivals in order to prevent a price war from breaking out or to maintain a steady level of profit made from a certain product.

When a corporation adopts a status quo-oriented marketing strategy, it is motivated by a desire to avoid conflict with rivals. By attempting to maintain the status quo in the market, the firm can avoid the time and expense involved in going head-to-head with a rival.

Keeping prices at their existing levels or matching those of the competitors is referred to as a status quo pricing objective.

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mitchell co. has $2.3 million of debt, $1 million of preferred stock, and $2.2 million of common equity. what would be its weight on preferred stock?

Answers

According to the given question, common equity its weight on preferred stock is 0.24.

What is an illustration of equity?

After all liabilities connected to an asset have been paid off, the asset's equity remains. For instance, if you have a car valued $25,000 but owing $10,000 on it, you have $15,000 in equity in the car. It refers to the worth or stake of the most inexperienced class of asset investors.

How come it's called equity?

As a result of their representation of ownership in businesses, stocks are known as equities. They allow investors to take advantage of growth but also exposing them to danger when the economy falters. Your capital is the portion of your house that you own minus the amount of your mortgage that is still owed. For instance, if the value of your home is $300,000 and your mortgage balance is $150,000,

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___________ are merchant wholesalers who perform all of the distribution functions.

Answers

Full-service wholesalers are the merchant wholesalers who perform all of the distribution functions, unlike the limited-service wholesalers.

What is a Full-service wholesaler?

Full-service wholesaler is a wholesaler who gives a full line of services, such as: maintaining a sales force, making deliveries, carrying stock, offering credit, and providing management help. Full-service wholesalers comprise wholesale merchants and industrial distributors.

Full-service wholesalers execute end-to-end interactions among manufacturers and retailers. They purchase goods, store, and deliver them to shops as well. Besides, this kind of wholesalers take charge of the financial part of reselling, endorse their products, and gather market information. They brace all the risks of indirect sales. If a consignment went failed during transportation or storage, it was a full-service wholesaler who will sustain the losses.

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we can calculate the issue price of a bond as the face amount plus the total periodic interest payments. State True or False your answer:
a. True
b. False

Answers

Answer:

B. False is the correct answer.

Explanation:

sprockets are known to have relatively elastic demand when their price increases from $1 to $2. what must be true of the change in quantity demanded over this price range?

Answers

The percentage change in the quantity demanded must be more than 100% in order for there to be a value of elasticity greater than unity.

The difference that results after deducting the old value from the new value, dividing by the old value, then multiplying the result by 100 to show it as a percentage, is what is known as a percentage change. A fraction is often multiplied by 100 to become a percent. A stock's price change over time, stated as a percentage, is a common application of percentage change in finance. Depending on whether the change is an increase or a drop, the formula used to calculate this change as a percentage differs slightly.

When tracking the rise or fall in value of a company or significant market index over time, financial professionals frequently employ percentage change.

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. one of the reasons the aggregate demand curve is downward sloping is: a. the wealth effect. b. the availability of substitutes. c. expectations concerning future prices. d. consumer budget constraints.

Answers

The reason the aggregate demand curve is downward sloping is consumer budget constraints.

Aggregate demand is a measure of aggregate demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount exchanged for those goods and services at a particular price level and point in time.

Aggregate demand, however, takes the sum of the markets for the individual products and services that the economy produces and expresses it as a total dollar value. For example, suppose a country's total demand for goods and services is $1 billion annually.

Aggregate Demand is a measure of the aggregate demand for goods and services in an economy. It is a tool that macroeconomists use to determine or predict the overall economic strength of a country over a specified period of time (usually he is a year).

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the curve here shows the behavior of a new product in a market after its launch and characteristics of different consumers who buy it. what is this concept called? bell curve multiple choice pioneer curve product life cycle strategic adoption curve diffusion of innovation

Answers

the curve here shows the behavior of a new product in a market after its launch and characteristics of different consumers who buy it. The curve is known as product life cycle.

The term "product life cycle" describes the period of time between when a product is released onto the market and when it is taken off the shelves. This idea is taken into consideration by management and marketing experts when determining when it is suitable to enhance advertising, lower pricing, enter new markets, or change packaging. Product life cycle management refers to the practise of planning how to support and sustain a product constantly. An idea for a product is the first step in its development, and given the constraints of contemporary business, it is unlikely to proceed further unless it has undergone research and development (R&D) and been determined to be practicable and potentially profitable. After that, the product is created, promoted, and launched.

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FILL IN THE BLANK. the unemployment rate that is consistent with full employment is known as __________________.

Answers

Natural rate of unemployment is consistent with the full employment, this unemployment rate usually varies between 4-5%.

Natural rate of unemployment refers to the types of unemployment which consists of  frictional unemployment and structural unemployment. Frictional unemployment is always consistent in an economy as new people enter the work force every year and many people change their jobs and are unemployment while they are in between jobs. Zero unemployment does not exist in any economy because of existence of these two forms of unemployment. Natural rate of unemployment exists even when the economy is said to be at full employment level.

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which section of the texas act would exempt an engineering employee working solely for a manufacturing firm from the engineering licensure provisions of the act?

Answers

An engineer's employee or subordinate is exempt from this chapter's licensure requirements if their activity does not involve the engineering professional's accountable charge of design or supervision.

The Texas Engineering Practices Act (TEPA) defines engineering practice as the rendering of, or the offer or attempt to render, any public or private service or creative work, the adequate performance of which requires engineering education, training, and experience in using specialized knowledge or judgment of the mathematical, physical, or engineering sciences. The TEPA permits employees of a private company to perform specific tasks without a license in a clause referred to as the "industrial exemption."

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an agent of a broker-dealer who effects securities transactions that are not recorded on the books of the broker-dealer is defined as a(n):

Answers

Broker-dealer is a term used to describe a broker-agent dealer's who executes trading activities that are not documented on the broker-books. dealer's

What exactly do broker-dealers do?

An individual or corporation engaged in the business of purchasing and selling securities, either on its own benefit or on behalf of clients, is known as a broker-dealer (B-D). Because the majority of stock brokerages serve both as agents and principals, the term "broker-dealer" is employed in U.S. securities regulatory terminology to refer to these businesses.

What is a market for broker-dealers?

A deal can only take place in a broker marketplace if there are clearly identified buyers and sellers. Sellers and buyers execute buy/sell orders independently and individually through dealers, who serve as market makers, in a dealer market.

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in general, when we search for the least expensive way to crash activities to speed up a project, which activity should we crash first?

Answers

First shock point,This is the point at which the project can be locked using the cheapest lock cost per unit time for a critical path component.

Colliding implies an increase in cost.This increase in cost will be different for each process.Comparing these costs against each other will help you arrive at a reasonable cost at which some activities can be locked in to get the project completion date far enough forward.Project Lock Management Steps Critical Path.The first thing you need to do is determine and analyze the critical path. Cost and schedule trade-offs are analyzed to determine how to get the most compression for the least incremental cost.Quick tracking involves performing activities in parallel,while blocking involves adding resources to a project.In fast tracking,there is a higher risk,while in lockdown,there is a higher cost.

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last year danny storm inc. had a $3,000 favorable total labor variance and an $1,800 unfavorable labor price variance. what was the labor quantity variance last year?

Answers

When the actual cost of a labor activity differs (either better or worse) from the amount anticipated, this is known as a labor variation.

What is Labor Variance ?

Usually, the expected sum is a predetermined or budgeted sum. The idea of labor variance is most frequently applied in the production sector, where it is referred to as a direct labor variance.

This variance can be further separated into the following two variances. As long as there is a compensation expense to compare to a standard amount, the labor variation can be applied to any area of a business.

Computation of Quantity Variance here

Given

Total variance = $ 3000

Price Variance = $(1800)

Total Labor Variance =  Rate or price Variance + quantity variance  

      3000                             =        (1800)                +       quantity Variance

Quantity Variance           =   3000  + 1800

                     =  $ 4800

Hence Labor Quantity Variance = $ 4800 Favorable

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the allowance for doubtful accounts account is a contra-account that offsets: a. net income. b. bad debt expense. c. cash. d. accounts receivable.

Answers

The allowance for doubtful accounts account is a contra-account that offsets accounts receivable.

What are accounts?

Pure math is not what accounting is. It involves straightforward addition, division, and multiplication. There may be a small amount of basic algebra, but otherwise nothing. It is not necessary for you to understand calculus.

Mathematics is a key tool for accountants. Strong mathematical backgrounds allow accounting professionals to undertake financial analysis and make informed judgments at work. The ability to comprehend and apply mathematical concepts like geometry, algebra, and statistics is required of accounting professionals.

Therefore,  Thus option (D) is correct.

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what are some of the problems associated with using gdp per capita to compare the quality of life among countries? check all that apply.

Answers

The problems associated with using GDP per capita is c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.

The Gross Domestic Product, also known as GDP, is the monetary value of all the goods and services that a country may create in a specific amount of time. It comes in real and nominal types.

In less developed nations, there is a substantial income difference between the rich and the poor, whereas this gap is lower in industrialized nations. Therefore, comparing less developed and developed countries based on the per capita GDP to compare their living standards will inflate the current standard of life for the ordinary person in the nation with the highest level of income inequality.

Note that the full question is:

what are some of the problems associated with using gdp per capita to compare the quality of life among countries? check all that apply.

a. GDP per capita does not take into account differences in population between countries.

b. GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries.

c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.

d. None of the answers above are correct.

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The price of a bond is equal to the face amount payable at maturity, plus the periodic interest payments.

a. True
b. False

Answers

The price of a bond is equal to the face amount payable at maturity plus the periodic interest payments. This is a false statement.

The price of a bond refers to the amount that investors are willing to pay for an existing bond. Typically, the price of a bond is provided in terms of the percentage of face value. Such as, a bond's price is calculated by adding the present value of the face amount payable at maturity and the present value of the periodic interest payments.

Thus the true statement is as follows: the price of a bond is equal to the present value of the face amount payable at maturity plus the present value of the periodic interest payments.

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which advertising campaign allows a company to capture the benefits of standardization, but still respond to local differences?

Answers

A firm's advertising campaign allows a company to capture the benefits of standardization, but still respond to local differences.The total cost of a company increases.

If its advertising is effective and its rivals increase their advertising in response. However, the demand for the firm's product may become more elastic.An integrated marketing communication is formed by a succession of advertising communications that have similar ideas and subjects.

IMC is a platform that enables organisations to compile their concepts, ideas, and convictions into a sizable media base.A marketing advertisement or set of advertisements intended for a particular audience segment is an advertising campaign. Increasing conversions is your key objective. The channel, plan, and tactics that are used determine the success of an advertising campaign.

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as part of its grand opening in johannesburg, starbucks provided giveaways and created an atmosphere of excitement. which best describes starbucks communications strategy in south africa

Answers

The following best describes Starbucks communications strategy in South Africa: Starbucks is using a pull communications strategy. Therefore, the correct option is E.

A pull communications strategy aims to attract customers by developing a compelling brand identity and instilling passion for the product or service.

Starbucks expects that by doing so, it would attract customers to its locations and brand, stimulate their interest in the new offerings, and improve sales. The goal is to ignite consumer interest and demand, motivating consumers to seek out Starbucks and its products.

Thus, the ideal selection is option E.

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The complete question might be:

As part of its grand opening in Johannesburg, Starbucks provided giveaways and created an atmosphere of excitement. Which best describes Starbucks communications strategy in South Africa?

Multiple Choice:

A) Starbucks is using a push communications strategy.

B) Starbucks is promoting source effects in its communications strategy.

C) Starbucks is focusing on just social media to reach its target customer.

D) Starbucks is using business analytics to reach its target market.

E) Starbucks is using a pull communications strategy.

consider two products a and b that have identical cost, retail price and demand parameters and the same short selling season. the newsvendor model is used to manage inventory for both products. product a is to be discontinued at the end of the season this year, and the leftovers will be salvaged at 65% of the cost. product b will be re-offered next summer, so any leftovers this year can be carried over to the next year while incurring a holding cost on each leftover unit equal to 15% of the product's cost. how do the stocking quantities for these products compare?

Answers

(B) The amount of product B in stock is greater in the current circumstance.

What is the Stock quantity?

A company's stock quantity of a substance that is included in its current assets is the number of days divided by the sum of the daily stock quantities during the analysis period.

Maximum daily usage, which is the highest number of units sold in a single day, is multiplied by the maximum lead time, which is the lengthiest period of time the vendor has had to deliver the stock, and safety stock is calculated by deducting the product of average daily usage, which is the average number of units sold per day, and average lead time (which is the average time taken by the vendor to deliver the stock).

So, in the given situation stocking quantity of product B is higher.

Therefore, (B) the amount of product B in stock is greater in the current circumstance.

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Complete question:

Consider two products A and B that have identical cost, retail price and demand parameters and the same short selling season (the summer months from May through August). The newsvendor model is used to manage inventory for both products. Product A is to be discontinued at the end of the season this year, and the leftovers will be salvaged at 75% of the cost. Product B will be re-offered next summer, so any leftovers this year can be carried over to the next year while incurring a holding cost on each unit left over equal to 20% of the product's cost. How do the stocking quantities for these products compare?

a) Stocking quantity of product A is higher.

b) Stocking quantity of product B is higher.

c) Stocking quantities are equal.

d) The answer cannot be determined from the data provided.

the following data are available for the south division of manhattan products, inc. and the single product it makes: unit selling price $ 24 variable cost per unit $ 16 annual fixed costs $ 284,000 average operating assets $ 1,540,000 how many units must south sell each year to have an roi of 15%?

Answers

64375 units must south sell each year to have an ROI of 15%.

Net operational income evaluates the profitability of an asset that generates income before deducting any costs for financing or taxes.

The majority of investors would view an average yearly rate of return of 10% or higher as a satisfactory ROI for long-term stock market investments.

ROI=Net operating income/Average operating assets

Hence required net operating income=(0.15*1,540,000)=$231,000.

Contribution per unit=Selling price-Variable costs

 =(24-16)=$8/unit.

Let number of units be x.

Hence Net operating income=Contribution-fixed costs

=(8x-284,000) which is equal to$231,000.

Hence x=(231,000+284,000)/8

=64375 units.

Therefore, to have an ROI of 15% south should sell 64375 units.

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using the data below, give your answer for the following question: period demand ($000) 2016 -------- 50 2017 -- ----- 40 2018 - ----- 45 2019 - ----- 35 2020 ------ 40 given a forecasting value of 40 for the year in 2019 and an alpha of 0.5, what would the forecast for the next time period (i.e., year in 2021) be using exponential smoothing? (use the formula: ft

Answers

Exponential Smoothing is given by:

Year 2020 Forecast = 0.5 x 40 + (1 - 0.5) x 42.5

Year 2020 Forecast = 41.25

Exponential smoothing is a simple technique for smoothing time series data that employs the exponential window function. Whereas the simple moving average weights past observations equally, exponential functions use exponentially decreasing weights over time.

For short-term forecasts, exponential smoothing is a reasonably accurate forecasting method. The technique gives more weight to recent observations while decreasing weights exponentially as the observations get further apart. Long-term forecasts produced by this method are slightly unreliable. This method generates forecasts that are weighted averages of past observations, with the weights of older observations decreasing exponentially.

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if a corporation is being sued by an individual, where is the corporation's residence considered to be?

Answers

It permits a judge to have power over a firm client in almost all case taken by it in the area where it has its office. To the High Court, a firm client is just a liberty as in three major states: the area where the firm was formed, and the state.

What varieties of work permits are there?

Work permits come in seven primary categories: High permit, hot work permits, hazardous permits, confined space work permits, and excavation work permits. Each permit is assigned a category based on the job's hazards and characteristics.

Are permits and visas the same thing?

They differ from one another and grant various rights. You are able to travel state borders with the visa. In actuality, this is a visa that allows you to visit a nation for a certain activity, such as job, study, travel, or medical care. It typically takes the form of a stamp on the card page.

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which bond has a higher effective annual yield and why? a. 3-year bond with face value of $1,000, price of $900, and annual coupons of $40'

Answers

The annual interest payment made by a bond's issuer is indicated by its coupon rate. Consider a bond with such a $1 million face value as well as a 5% coupon interest rate.

What exactly does the term "face value" mean?

A security's nominal or dollar value, as indicated by its issuer, is referred to as face value in the financial context. The face value of stocks is the stock's initial purchase price, which is indicated on the certificate.

What is a person's face value?

to agree with someone's representation of oneself, even when it may be utterly wrong. I initially trusted him without question. I wasn't suspicious of him at the moment.

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which of the following is not a gap that makes up the service gaps model? a. knowledge b. delivery c. tangibility d. design and standards e. communication

Answers

The "gap model of service quality" does not include "the discrepancy between the service that personnel are educated to offer and the service that they actually deliver." This hole, however, can exist.

The fact that discussions with consumers sometimes entail concerns that transcend organizational boundaries is one of the main challenges posed by provider gap 4. The gaps model of service quality places a strong emphasis on bridging the gap between client expectations and perceptions. The service supplier has complete control over the sources of client expectations. Tangibility, dependability, responsiveness, assurance, and empathy are the aspects. As a result, (e) compassion is not a dimension of service excellence. The communication gap, which reflects the disparity in the levels of understanding, is the fourth gap in the model.

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Which best defines a quota quizlet?

Answers

"It is a specific unit or dollar limit applied to a particular type of good." That might be your answer.

Final answer:

A quota, in the context of business or international trade, is a government restriction on the volume of a certain good that can be imported or exported in a certain time frame. This is generally done to protect domestic industries from foreign competition.

Explanation:

In the field of business or international trade, a quota generally refers to a government-imposed limit on the quantity of a specific product that can be imported or exported during a specified period. For example, if a country sets a quota on the import of a particular fruit, such as bananas, that means the country only allows a specific volume of bananas to be imported within a given time frame. The aim of a quota is often to protect domestic industries by reducing competition from foreign businesses.

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