Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.
What is rate pf productivity?In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).
Labour productivity is calculated by the formula-
the labour productivity equation: total output / total input.
The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.
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A(n) disclosed agency relationship is one where the third party is aware the agent is acting on behalf of a principal, but the identity of the principal is unknown.
A partially disclosed agency relationship is one where the third party is aware the agent is acting on behalf of a principal, but the identity of the principal.
What is relationship in agency?Relationship in agency is one that brings about cordial actions between the parties and principal involves in the agency.
In this case, partially disclosed agency relationship is one where the third party is aware the agent is acting on behalf of a principal.
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Tyler is a developer who renovates a long-abandoned warehouse in a low-income neighborhood into a community center, complete with space for after-school programs, a daycare, and a gym. Tyler is able to complete the renovation with a loan funded by a local bank. Which act requires financial institutions to make credit available for this type of development
The act that tasks financial institutions to provide credit for the development being pursued by Tyler is the Community Reinvestment Act.
What is the Community Reinvestment Act?The Community Reinvestment Act is a federal act that was passed in 1977 to encourage banks and other financial institutions to loan out credit for projects in lower and moderate-income neighborhoods.
Tyler is building the community center in a low-income neighborhood so the loan acquired falls under the Community Reinvestment Act.
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Patsy has a Mary Kay cosmetic business. She uses word-of-mouth selling techniques to promote her products and encourages her customers to have at-home parties so that she can demonstrate her products and take orders. The only problem is that Patsy doesn't speak Spanish and she lives in a predominantly Spanish speaking community. This example shows that _______. a. Patsy has too small of a market to be successful b. Patsy's business meets the criterion of accessiblity c. Patsy must be able to reach and speak to members of targeted segments d. Patsy's business meets all criteria for a useful segmentation scheme
The given scenario shows that c. Patsy must be able to reach and speak to members of targeted segments
What is a Business?This refers to the buying and selling of products or services, usually for profit making.
Hence, we can see that based on the given scenario that Patsy has a cosmetic business and has a good market reach but does NOT speak the local language shows that Patsy must be able to reach and speak to members of targeted segments.
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______ products are purchased by the ultimate consumer, whereas Blank______ products are purchased by organizations to assist them in providing other products for sale.
Consumer products are purchased by the ultimate consumer, whereas business products are purchased by organizations to assist them in providing other products for sale.
What are consumer products and business products?Any item created or supplied with the intention of being sold to a customer and used, consumed, or enjoyed by that consumer is referred to as a consumer product. Products that are often designed primarily for business, commerce, or industry usage are not included in the consumer products.
Examples: clothes, food, jewelry
The items are regarded as business products if they are purchased by a company for internal usage.
Examples: raw materials, equipment
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Suppose you hold a portfolio of two stocks in the healthcare industry. The future outcomes for these stocks depend mainly on the next healthcare bill to be passed by Congress. The possible outcomes and returns are: Outcome Probability Return for Stock A Return for Stock B 1=Republican Bill 0.8 12% -5% 2=Democratic Bill 0.2 3% 20% What is the expected return and a standard deviation of a portfolio that has 50% of its value in stock A and 50% in stock B?
The expected return and standard deviation of the portfolio is 5.1% and 3.2%.
What is the expected return?The expected return of the portfolio is the weighted sum of the return of stock A and stock B.
Return of stock A = (0.8 x 12%) + (0.2 x 3%) = 10.20%
Return of stock B = (0.8 x -5%) + (0.2 x 20%) = 0
Weighed sum = 0.5 x 10.20% = 5.1%
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Imagine that a company uses your personal data as part of a financial transaction. Before it occurs, you are not made aware of the nature and scale of this transaction. What concept of data ethics does this violate
The concept of data ethics does this violate is currency.
What is the Data Ethics?A subfield of ethics known as "data ethics" assesses data practices that could have a negative effect on persons and society. It refers to the collection, gathering and analyzing the personal data of the people.
People should be informed of the size of the financial transactions made possible by the usage of their personal data. Aggregate data sets ought to be openly accessible. That kind of the Data ethics is known as currency.
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Classify each scenario according to whether it is an example of an active employment at-will doctrine. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
1. A tenured organic chemistry professor who cannot be fired despite being a horrible teacher.
2. Cathy quits her job as a babysitter despite having only been hired three weeks ago, because she feels watching over eight toddlers at once will cause her to lose too much sleep.
3. Katherine, a waitress, gets fired from her job after spilling a hot bowl of French onion soup on a customer's shoe.
4. Alex has a clause in his worker's contract stating that if he gets fired during a recession, he gets a severance package of half his salary paid for up to six months.
5. Brian, who works for an educational software company, quits. He is not allowed to work for a competing software company for six months due to a clause in his contract.
6. Wei-Cheng gets fired from his company for no reason other than that he is the only Asian worker.
a. Not An Example of Employment
b. At Will Example of Employment At Will
Answer:
1. Not an example of employment-at-will
2. Example of employment-at-will
3. Example of employment-at-will
4. Not an example of employment-at-will
Explanation:
A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 120 units $ 420 June 10 150 units 600 June 15 150 units 570 June 28 200 units 270 $1860 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
The cost of ending inventory is $630.
What is the value of ending inventory?The average inventory method entails using the average cost of the total inventory purchased to determine the value of the ending inventory.
Average cost = total cost / total units purchased
1860 / (120 + 150 + 150 + 200) = $3
Cost of ending inventory = 210 x 3 = $630
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Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the _____ factors that significantly influence business.
Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the sociocultural factors that significantly influence business.
What is local language ?Local Language means the language declared by the concerned State Government as their official language.
There are various type of languages :
Standard / Polite / Formal.Colloquial / Informal.Regional Dialect.Social Dialect.Lingua Franca.Pidgin.Creole.Vernacular.What is Sociocultural?Sociocultural is a term related to social and cultural factors, which means common traditions, habits, patterns and beliefs present in a population group. The term is mostly used in sociologic and marketing contexts and refers to the most remarkable drivers behind the way people makes decisions in a society.
Therefore, The sociocultural influences that have a considerable impact on business are local languages, the prevalent faiths, attitudes toward leisure, and age and lifespan demographics.
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How and why do economic actors analyze opportunity costs to determine which goods or services they should specialize in?
A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).
How do economic actors calculate costs to specialize products?The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.
In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.
PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.
A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).
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Keynesian economics argues for the use of _____ policy to stabilize the economy.
Answer:
Keynesian economics argues for the use of active government policy to stabilize the economy.
Explanation:
In order to alleviate or avert economic recessions, Keynesian economics places a strong emphasis on the employment of proactive government policy to control aggregate demand. Keynes contended that lengthy periods of high unemployment might result from a lack of general demand. Consumption, investment, government purchases, and net exports are the aggregate of four factors that determine an economy's amount of goods and services.
The demand for does not change when a change in _______ occurs.
The demand for hot dogs does not change when a change in The price of a hot dog occurs.
What is the relationship between price and demand?The price of a good has an influence on the quantity demanded by the consumers.
Provided that non-price factors not included, it should be noted that when the price is very high, there will be lower quantity demanded and vice versa.
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How does the financial market impact the economy?
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The needs of borrowers and lenders are met by the combination of well-established financial markets and institutions as well as a wide range of financial products and instruments, which benefits the economy as a whole.
Investors can specialize in specific industries or services, diversify their risks, or do both thanks to financial markets (like those that trade stocks or bonds), instruments (including bank CDs, futures, and derivatives), and institutions (like banks, insurance companies, mutual funds, and pension funds). Financial markets and financial institutions, collectively contribute to economic growth; nevertheless, the relative proportion of the two does not seem to be a significant determinant in growth.
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__________ goods appeal to consumers who are willing to make an extra shopping effort to acquire them. Group of answer choices Specialty Shopping Convenience Consumer
Specialty goods appeal to consumers who are willing to make an extra shopping effort to acquire them.
Convenience goods are reasonably priced and require no effort to buy for. Examples include sodas, candy bars, milk, bread, and small hardware items. Consumers frequently purchase items without much thought.Consumer goods include items like jewelry, clothing, and food. Copper is an example of a basic or raw material that is not regarded as a consumer good because it must be converted into useable commodities.Automobile tires and electric appliances are a couple of examples of homogeneous buying items. Microwaves, pedestal and ceiling fans, washing machines, and refrigerators are all useful electrical equipment examples.What are Speciality goods?Specialty goods are those with distinctive qualities or brand recognition. Customers of these goods are willing to make extra effort to buy specialist goods. Specialty goods are frequently expensive, and customers rarely take the time to compare them to comparable goods.
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Which of the following is a difference between a push and a pull strategy? Group of answer choices End consumers are targeted in a push strategy, while wholesalers are targeted in a pull strategy. Social media is used in a push strategy, while personal selling is used in a pull strategy. Push strategies focus on content
The difference between a push and a pull strategy is that wholesalers are targeted in a push strategy, whereas end consumers are targeted in a pull strategy.
What is push Marketing?Push marketing basically involves all promotional strategies in which companies use to approach consumer or people to buy their products.
Pull marketing on the other hand means implementing a strategy that naturally draws consumer interest in your brand or products
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Business is a social process . Discuss
Answer:
Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .
Answer:
Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.
Explanation:
Hope this help BLINK!
You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You drive it 200 miles. What is the marginal cost of driving the car
Answer:
The marginal cost of driving the car is $7.50 + the cost of gas.
Explanation:
Initial cost: $29.95
200 miles you drove- 150 miles free= 50 miles you have to pay for
50 miles * 15 cents per mile
50* 0.15= $7.5
$7.50
1. what would be the revised net operating income per month if the sales volume increases by 70 units? 2. what would be the revised net operating income per month if the sales volume decreases by 70 units? 3. what would be the revised net operating income per month if the sales volume is 6,500 units?
The revised net operating income per month if the sales volume increase by 70 units is $32740.
How to calculate the operating income?The revised net operating income per month if the sales volume increase by 70 units will be
Sales = 7370 × 31 = $228470
Less: Variable expenses = 7370 × 19 = $140030
Contribution margin = 7370 × 12 = $88440
Less: Fixed expenses = $55700
Net operating income = $32740
When there's a decrease, this will be:
Sales = 7230 × 31 = $224130
Less: Variable expenses = 7230 × 19 = $137370
Contribution margin = 7230 × 12 = $86760
Less: Fixed expenses = $55700
Net operating income = $31060
The revised net operating income per month if the sales volume is 6,500 units will be:
Sales = 6500 × 31 = $201500
Less: Variable expenses = 6500 × 19 = $123500
Contribution margin = 6300 × 12 = $78000
Less: Fixed expenses = $55700
Net operating income = $22300
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Potential output is not purely a physical measure based on the number of workers and existing factories because:
Potential output is not purely a physical measure based on the number of workers and existing factories because factories may be technologically obsolete.
What is potential output?Potential output of an economy is used to determine the amount of goods and services that is produced when people are gainfully employed.
It does not consider unemployment everyone is assumed to be working.
Therefore, Factories may not function again and cannot be called potential output.
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Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered:
Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered alt-A loans.
A loan mortgage is a secured mortgage that lets in you to avail budget with the aid of using imparting an immovable asset, which includes a residence or industrial property, as collateral to the lender. The lender maintains the asset till you pay off the mortgage.Alt-A is a category of mortgages with a chance profile falling among top and subprime. They may be taken into consideration excessive chance because of provision elements custom designed with the aid of using the lender. This kind of mortgage has a tendency to be extra pricey for the borrower, as they'll deliver better hobby charges and/or fees.
Thus the answer will be Alt- A loans.
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if a student chooses to study linguistics at a college, what has that student chosen?
When a student chooses to study linguistics at a college then has to choose an academic major subject.
What is an academic major?An academic major is referred to as a specialization an individual to choose in which he is looking for expertise or career during the college duration.
These major subjects reflect that the student will gain knowledge and developed skills by reading the subject and can utilize it in the future. This will also help to determine the interest of an individual.
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Anne and Bill are two of the most effective salespeople at XYZ Corporation in terms of average revenue per customer. Bill tends to increase revenue per customer through upselling, while Anne is more likely to increase revenue per customer through cross-selling. Although both approaches are effective with existing customers, cross-selling is more likely that upselling to:
Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.
What is customer retention?Customer retention refers to the ability of an organization or marketer to achieve customer loyalty over time.
When a customer is retained, there is always increased revenue from repeat purchases.
Customer retention increases brand loyalty.
Question Completion with Answer Options:
A. improve customer retention rate.
B. satisfy customer needs
C. provide the information necessary to diagnose reasons for customer defection.
D. increase customer profitability.
Thus, although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to A. improve customer retention rate.
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Broker Malcolm submits his client's purchase offer, then goes on vacation. When he returns two weeks later, he learns that a counter-offer was submitted, and the response date had expired. His client's offer was terminated because he failed to respond on time. This violation is an example of ______.
The above-described violation is an example of breach of trust and professional capacity to stand in for the client as a Real Estate Broker.
What is breach of trust in the above case?
The client trusted the broker to handle the sale of his property, however, the broker negligently failed to follow through thus resulting in a loss of business.
Hence, it is correct to state that The above-described violation is an example of breach of trust and professional capacity to stand in for the client as a Real Estate Broker.
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Rabia does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position. Which terms can be used to describe rabia? check all that apply
The terms that can be used to describe rabia when she does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position is fictionally unemployed.
What is Frictional unemployment?Frictional unemployment can be regarded as the type of unemployment that comes from employment transitions within an economy.
This is the reason why Rabia declined a job offer because she feels her skills merit better pay and a better position.
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Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted rancid. She brought the sushi back the next day and was given a full refund with no questions asked. Evidence indicates that successful handling of product and service failures as in Emilia's situation leads to _______. a. decreased levels of online shopping b. lower levels of customer loyalty c. increased levels of online shopping d. higher levels of customer loyalty
D. Higher levels of customer loyalty
What is customer loyalty?Customer loyalty is described as when clients reward a business again and time again business. Consistently choosing one brand over another, loyal customers frequently stand up for that brand against rivals.
Building a loyal customer base means making them willing to purchase your products at any cost, especially when there are less expensive options available. Customers that are devoted and pleased with your product or service can also promote it to their friends and family and support your business even in trying times.
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At the __________ stage in the personal selling process, a salesperson's physical appearance, speech habits, personality, and even hygiene will have the greatest effect.
At the "approach stage" in the personal selling process, a salesperson's physical appearance, speech habits, personality, and even hygiene will have the greatest effect.
What is approach stage of the personal selling process?Approach refers to the salesperson meeting the prospect in person and engaging in face-to-face conversation to better understand them.
The approaches of personal selling includes-
stimuli reaction, mental processes, need fulfilment, issue resolution, and consultative methodsTherefore, the sales process' delicate and crucial stage of approach determines whether the deal will be closed or not.
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The three types of scaffolds are ________________.
a. supported, needle beam, and two point suspension
b. supported, two point suspension, and aerial lift trucks
c. supported, aerial lift trucks, and "cherry pickers"
d. supported, suspended, and aerial lift trucks
Answer:
The answer is d: supported, suspended, and aerial lift trucks
Explanation:
An elevated temporary work platform is called a scaffold. Scaffolds can be divided into two categories:
Supported scaffolds are made up of one or more platforms that are held up by rigid parts like, for example, poles, frames and legs.
The scaffolds that hang from ropes or another pliable, above support, consisting of one or more platforms are suspended scaffolds
Aerial lifts, in particular, can be thought of as different kinds of supported scaffolds.
the kind of business that would use the specific identification method of inventory costing includes:
The kind of business that would use the specific identification method of inventory costing includes:
Car dealershipsJewelry storesArt galleries Furniture storesSpecific identification method to inventory are often use by companies and be defined as the process in which each inventory is specify or identify for easy tracking.
Companies tend to use this method when they want to track each items they have in their inventory.
Therefore the kind of business that would use the specific identification method of inventory costing includes: car dealerships.
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A general partner who puts together the administrative organization of the limited partnership and handles the registration of the securities with the states is known as the
Limited partner.
What is a Limited partner?A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business. Silent partners are another name for limited partners.What is Limited Partnership?Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships. Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.Therefore, the answer is a limited partner.
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A developer of a new planned unit development (PUD) has gathered the following market information for University City. The developer estimates that there will be 1,500 home (all types) sales in University City over the next year. If an analysis of demographic information has revealed that the core market share for the PUD project within the community is 14.0%, what is the total market segment potential for this project
Based on the number of homes estimated, and the planned unit development, the total market segment potential is 210 units .
How can the market segment potential be found?To find the total market segment potential, use the following formula:
= Number of homes estimated x Planned Unit Development
Solving gives:
= 1,500 x 14%
= 210 units
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