The coffee shop manager should measure elasticity with the mid-point method because he will get the same information regardless of a fall or rise in price.
Why should the midpoint formula be used?When the midpoint formula is used to calculate elasticity, it calculates the elasticity using both price increases and decreases such that the base is the same.
This allows you to receive the same elasticity result of either price point that was used and so allows for more accurate analysis.
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Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace. a. True b. False
IS TRUE ,Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace.
Does Title VII apply to religion?
Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on religion. This includes refusing to accommodate an employee's sincerely held religious beliefs or practices unless the accommodation would impose an undue hardship (more than a minimal burden on operation of the business)
Title VII also prohibits workplace or job segregation based on religion (including religious garb and grooming practices), such as assigning an employee to a non-customer contact position because of actual or feared customer preference.
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Why should we be careful about what we post on social media and the internet?
One should be careful about posting on social media platforms because this post enables viewers to frame a mindset about an individual and their personality.
What is a social media platform?Social media platform refers to a stage where people communicate with each other and share their opinions and knowledge on different content.
One should be careful while posting on social media because the content posted on these platforms will lead to the evaluation of the personality and mindset of an individual by the audience. These evaluations can be both negative and positive.
These platforms play a key role in a career when an employer checks the background history of a candidate. Any posts that create a negative impact will lead to spoil the impression before the hiring manager.
Therefore, it is important to be careful while posting stuff on social media.
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When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:
When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:
Company's target customers?What value does the company want to deliver to these customers?How will the customer value be created?What are Corporate Controllable Variables?Corporate controllable variables are factors such as place, price, promotion, and product that the business managers can control to achieve their aim.
For managers to successfully control these variables, they must know who the company's target audience is. They should also know what value they hope to give and the best way they will achieve the same.
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brian is struggling with the choice of publishing his new book, how to cook polish barbeque, as an e-book or a paperback. brian is addressing which core marketing aspect?
The core marketing aspect that Brian is addressing is c. Making product decisions
What is Marketing?This refers to the creation of awareness for a particular product or service to the general public and engaging in several acts to make the product more attractive.
Hence, we can see that based on the given scenario for Brian who is struggling with publishing his book and wants to make a selection, the core marketing aspect that Brian is addressing is c. Making product decisions
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when connecting securely to a website, what information must be in their digital certificate?
When connecting securely to a website, the information that must be in their digital certificate is:
The websites Domain nameWhy is the Domain name important?The domain name is important because it verifies the ownership of the website. This will be a form of authentication that prevents intrusion by unwanted elements.
So to ensure a safe connection, the domain name must be ascertained.
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Per capita GDP is Group of answer choices A dollar measure of the economic growth rate of a country. The value of the factors of production used to produce output in a country. The sum of consumer goods, investment goods, government services, and net exports. None of the Answers are Correct. GDP divided by total population.
Per capita GDP is GDP divided by total population.
What is a Per capita GDP?This refers to an economic tool that measures the total output of a country by taking a gross domestic product and divides it by number of people.
Hence, the Per capita GDP is derived by calculating the GDP divided by total population.
Therefore, the Option E is correct.
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suppose you borrow $300 for one year and pay a finance charge of $20. if you repay this loan all at once after one year, what is your average balance?
Based on the amount you borrowed and the amount you repaid, the average balance is $300.
What is the loan average balance?This can be found by:
= (Loan balance in first period + Loan balance in last period) / 2
As you paid back the loan all at once, the loan balance in the last period must have still been $300.
Average is:
= (300 + 300) / 2
= $300
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Consider an economy with only two goods: bread and wine. In 2000, the typical family bought 4 loaves of bread at 50 cents per loaf and 2 bottles of wine for 9 dollars per bottle. In 2015, bread cost 75 cents per loaf and wine cost 10 dollars per bottle. The CPI for 2015 ( using 2000 as base year) is a) 100 b) 115 c) 126 d) 130
Based on the cost of bread and wine in those two years, the CPI for 2015 can be calculated to be B. 115.
What is the CPI in 2015?Find the total cost of goods in 2000:
= (4 x 50 cents) + (2 x 9)
= $20
Total cost in 2015:
= (4 x 75 cents) + (2 x 10)
= $23
The CPI in 2015 is:
= 23 / 20 x 100
= 115
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The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n):
The amount of federal income taxes withheld from an employee's gross pay is recorded as a liability
What is a liability?A liability is simply debt owned by a company to an individual or another company.
This liability can be cash based or an asset. These liability are also counted as the amount of tax withheld from an employee's pay.
Hence we can conclude that the amount of federal income taxes withheld from an employee's gross pay is recorded as a LIABILITY
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in order to accurately evaluate the new product launch, marketers must undertake a critical blank______ review to determine whether the product and its launch were a success or failure.
in order to accurately evaluate the new product launch, marketers must undertake a critical postlaunch review to determine whether the product and its launches were a success or failure. This is further explained below.
What is a product?Generally, a product is simply defined as one that has been processed or made for commercial sale.
In conclusion, Marketers need to conduct a vital postlaunch evaluation to identify the success or failure of a new product launch.
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Answer: It is postlaunch.
When the quantity demanded has increased at every price, it might be because:
When the quantity demanded has increased at every price, it might be because the price of a complementary good has decreased.
What are complementary goods?This are goods that are mostly bought together.
The use of one is dependent of the other such that the consumer have to buy the two.
When the price of one is decreasingly it will complement for the increase in the other products.
Therefore, When the quantity demanded has increased at every price, it might be because the price of a complementary good has decreased.
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Green Thumb Nursery has 38,000 shares outstanding at a market price of $63.27 per share. The earnings per share are $3.27. The firm has total assets of $332,000 and total liabilities of $192,000. Today, the firm announced a share repurchase for $87,000 of its stock. What is the earnings per share after the repurchase
Based on the market price and the earnings per share before the share repurchase, the earnings per share after is $3.39.
How can the earnings per share be found?First find the earnings of the company:
= 38,000 x 3.27
= $124,260
Then find the shares to be repurchased;
= 87,000 / 63.27
= 1,375shares
The shares after repurchase is:
= 38,000 - 1,375
= 36,625 shares
The new earnings per share is:
= 124,260 / 36,625
= $3.39
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A management perspective that suggests jobs should be designed to meet higher-level needs by allowing workers to use their full potential is called a
Perspective that shows jobs have to be designed to satisfy better degree wishes to permit employees to apply their complete ability is known as Human Resources perspective.
What is the Human resource perspective?
Human Resource Management is the region of administrative awareness coping with an organization's personnel. Therefore, locating and preserving desirable personnel is essential for a agency to transport in the direction of success.
Human Resource management (HRM) has received speedy and giant popularity as a brand new time period for dealing with employment. It is greater express in each areas; its evaluation of commercial enterprise strategy, an related employment strategy, and exposition of an underlying philosophy. Human Resource Management (or more modern ones, like International Human Resource Management) manifestly does now no longer emerge through accident. There isn't any any popular settlement at the that means of Human Resource Management.
In fact, there are various and contradictory models; but they encompass not unusual place factors that distinguish them from preceding procedures to dealing with people – specifically, employees management.
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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions James wants an account with the lowest fees. Which checking account would be best for James
Based on James's preferences and the conditions offered by the banks, the best checking account for James would be Account A.
Which account should James pick?James would be able to use the ATM as many times as he wants with Account A as they have no ATM fees.
He wouldn't have to pay annual fees, online billing fees, and monthly fees because he is using direct debit. There will also be no overdraft fees as he doesn't overdraft his account. Account A is therefore best.
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You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect, so you would like to request rsvps. What should you keep in mind?.
If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is: You can request for RSVPs, but you are not permitted to require contact information.
What is Medicare?Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.
Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot obtain the contact details.
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Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Open innovation change that adds value to be product or service
Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation is principally a volition to this conventional system of doing invention where information has to stay within preset confines.
A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.
The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation
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An example of how companies can revamp their value chain to reduce costs is to a. have suppliers locate their plants close to companies' own facilities. b. continue to utilize traditional methods of distribution and sales. c. not make any changes in product manufacturing but change end distribution methods. d. increase extra services to increase staffing requirements. e. facilitate the learning curve by providing superior training to new employees.
An example of how companies can revamp their value chain to reduce costs is to A. have suppliers locate their plants close to companies' own facilities
What is a Value Chain?
This refers to the various processes where a company adds value to its products which include marketing, production, etc.
Hence, we can see that in production, a company can try and reduce costs when they make a revamp their value chain and this can be done by putting the supplier's plants very close to the companies' own facilities.
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You own land worth $44,000 and your building has a replacement cost of $160,000. What would be the value of the property if the appraiser used depreciation of 30 percent
The value of the property after the depreciation of 30% is $156,000.
What is depreciation?An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
Calculation for the value of property after depreciation:
The added value of the land is $44,000.
The replacement cost of the building is $160,000.
There is a depreciation of 30% of $160,000.
(30×160,000)/100 = 48,000
$160,000 replaced cost - depreciation of $48,000 = $112,000.
The total cost = $112,000 + $44,000
= $156,000
Therefore, the total value of the property after 30% depreciation is $156,000.
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In macroeconomics, the connection from inputs to outputs for the entire economy is called _______________.
Answer:
an aggregate production function. Hope it helps!
Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan. Christopher has not received an Income Tax refund in 4 years. Is there anything you could recommend to him
Yes, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary.
What is 401(k)?A 401(k) refers to a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into.
In this scenario, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary because it would reduce his income tax for the next five years while taxing only his withdrawals.
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Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be ______ than they would otherwise be. This results in consumers buying ______ output.Multiple choice question.
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less
What are barriers to trade?
Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.
These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.
These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.
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If the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices higher than if the negative real shock had not occurred. higher than if the Fed did nothing. lower than if the negative real shock had not occurred. lower than if the Fed did nothing.
If the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be B. higher than if the Fed did nothing.
What is the Fed's response to a negative real shock?There are two ways the Fed can respond to a negative real shock in exercising its discretionary policy powers.
The Fed can choose to decrease the money supply and reduce aggregate demand, which reduces inflation and economic growth.
Alternatively, the Fed can increase the money supply, thereby increasing real growth and aggregate demand.
Thus, if the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be B. higher than if the Fed did nothing.
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Money is a. the most liquid asset and a perfect store of value. b. the most liquid asset but an imperfect store of value. c. not the most liquid asset but a perfect store of value. d. neither the most liquid asset and nor a perfect store of value.
Although it is the most liquid asset, money is a flawed store of value. M1 is recognized as the measure of the money supply that is the most precisely specified.
What is term money?
Money is a good that is widely acknowledged as a means of economic exchange.
Because of inflation, money is actually an imperfect store of value. A monetary system where gold or silver, for example, is used as the actual medium of exchange. A form of money where paper money is backed by gold.
As a result, option (b) is correct.
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What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.
A.
equilibrium
B.
law of demand
C.
law of supply
D.
negative externality
E.
positive externality
Reset Next
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.
What are skills?Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.
When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.
Therefore, option E positive externality is the correct option for the given statement.
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Gilroy, a calendar-year taxpayer, is a long-time partner in the firm of Adam and Company, which has a fiscal year ending June 30. The partnership agreement provides for Gilroy to receive 25% of the ordinary business income of the partnership. Gilroy also receives a guaranteed payment of $1,000 monthly, which is deductible by the partnership. The partnership reported ordinary business income of $88,000 for the year ended June 30, 2021, and $132,000 for the year ended June 30, 2022. How much should Gilroy report on his 2021 return as total income from the partnership
A forecast that addresses the business cycle by predicting planning indicators is.
An economic forecast is a forecast that considers the business cycle by foreseeing planning indicators. a projection of the economy.
What do you mean by business forecasting?A projection of an industry's or firm's future developments made using historical and current data trends and patterns is known as business forecasting.
Types of forecasting :
Economic, the labor market, and company sales expansionexpectations are the three categories.
Thus,
The technique of forecasting the state of the economy using a variety of frequently used indicators is known as economic forecasting.
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Apple's_________ to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.
Apple's value proposition to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.
What is meant by value proposition?A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you.
Examples of the Best Value Propositions:
The Best Way to Get Around is Using Uber.The Experience Is the Product with the Apple iPhone. UnbounceA/B Testing Without Tech Pains: Slack: Work Productivity Boost with Less Work.Digit: Money Savings Without Having to Think About ItThe four different categories of value are financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value.
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Apple's value proposition to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.
What is meant by value proposition?A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you.
Examples of the Best Value Propositions:
The Best Way to Get Around is Using Uber.The Experience Is the Product with the Apple iPhone. Unbounce: A/B Testing Without Tech Pains.Slack: Work Productivity Boost with Less Work.Digit: Money Savings Without Having to Think About ItThe four different categories of value are financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value.
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Marlene has been living in her $120,000 home for 31 years. Because she has paid off the mortgage, she decides to save some money on her monthly insurance premiums by reducing her homeowners coverage to $40,000. After a severe hailstorm totals her roof, her adjuster estimates the damage at $12,000. Assuming the insurer imposes the standard coinsurance penalty, and ignoring the deductible, how much will Marlene receive in the settlement
Marlene will receive $5,000 in the insurance settlement.
What is an insurance settlement?An insurance settlement is an indemnity or compensation that the insurance company pays to the insured to settle an insurance claim according to the insurance policy guidelines.
Data and Calculations:Property value = $120,000
Homeowner's coverage = $40,000
Estimated damage = $12,000
Standard coinsurance requirement threshold = 80%
Expected insurance coverage = $96,000 (120,000 x 80%)
Co-insurance penalty = 41.67% ($40,000 / $96,000 x 100)
Indemnity = $5,000 ($12,000 x 41.67%)
Thus, Marlene will receive $5,000 in the insurance settlement.
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Company A wants to issue 60 bonds. Each bond has a 7% coupon bond with semi-annual payments, a par value of $1000, 30 years to maturity, and a yield to maturity of 6.7%. How much will Company A receive when it sells the bonds
Company A receive when it sells the bonds $62, 314.54
What is yield to maturity?
The annualized return that a bond investor would get from keeping the bond until maturity is referred to as the “yield to maturity” (YTM) of a bond.
Face value $1000, Coupon rate 7%, 30 years to maturity, yield to maturity of 6.7%, frequency 2
Nper = 30×2 = 60 (indicates the remaining maturity period of bonds), Rate = 0.067/2 (indicates semi-annual YTM), PMT = 1000 7%1/2 = 35 (indicates the amount of semi-annual interest payment), FV = 1000 (indicates the face value of bonds), PV = ? (indicates the current price of the bond), Current Price of the Bond = PV(Rate, Nper, PMT, FV) = PV(0.067/2,60,35, 1000) = $1038.58
=$62, 314.54
Hence, $62, 314.54 is the correct answer.
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Suppose that the public holds 50% of the money supply in currency, that the reserve requirement is 20%, and that banks hold no excess reserves. If a customer deposits $6,000 in her checking account, required reserves will increase by:
The required reserves will be increased by $4,800 if the customer deposits the amount of $6,000.
What is meant by deposits?
Deposits are the amount that the customers put in their savings accounts opened with the banks.
Given values:
Deposited amount: $6,000
Reserve ratio: 20%
Computation of increase in required reserves:
[tex]\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\rm\ Customer \rm\ deposits \times\ (100\%-\rm\ Reserve \rm\ Ratio)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$6,000 \times\ (100\%-20\%)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$4,800[/tex]
Therefore, the amount of $4,800 will increase the required reserves on the deposit of $6,000 by the customer.
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