Option A .The price of the sale in a contract is covered by the element known as consideration. In a pricing scenario, if a good is priced below a buyer's reference point, they are more likely to perceive it as a bargain and make the purchase.
The element of the contract that covers the price of the sale in the scenario where Benson draws up a contract to sell his Mustang GT to his sister for $30,000 is consideration. The term consideration refers to the value that is promised to be exchanged in a contract. In this case, the consideration is the amount of money ($30,000) that Benson's sister agrees to pay in exchange for the Mustang GT.
Regarding the willingness to pay and bargain buys, if someone's willingness-to-pay for a good is $10, and they perceive the value of the good to be $20, but the good is priced at $13, then it is likely they will purchase the item since the selling price is above their willingness-to-pay but still below their reference point. This indicates that consumers may find something to be a bargain when the price is lower than their reference point, increasing the chances of a purchase and underscoring the importance of pricing strategies to facilitate sales.
The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. the costs include 12% for storage, 12% for interest, and 5% for transportation. what is the value of the inventory to the nearest cent?
Which of the following events happened first? A. ARPANET was developed. B. The World Wide Web was created. C. Email was invented. D. Web 2.0 had evolved.
The correct answer would be option A, ARPANET.
ARPANET was developed first before the rest of the events like the development of world wide web, email or Web 2.0
Explanation:
ARPANET stands for Advanced Research Projects Agency Network. This ARPANET started developing in 1966. It was started by the United States Advanced Research Projects Agency.
The purpose of developing this network was to make it easier for people to access computers, improve the computer equipment efficiency and to make better communication between the military.
This network made use of two technologies. One was the packet switching and the other was the implementation of the TCP/IP protocol. These both strategies further laid foundations for the development of Internet.
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Answer: a is the answer
Explanation:
Grouping workers according to their similar skills, resource use, and expertise is called a _______ structure.
The term 'functional structure' refers to the organization of a company where workers are grouped based on similar skills, resource use, and expertise. This structure takes advantage of labor specialization, allowing workers like assembly line laborers or doctors to perform tasks with efficiency and quality. It can lead to innovation as specialized workers become experts in their fields.
Functional Structure in Business
Grouping workers according to their similar skills, resource use, and expertise is called a functional structure. In a functional structure, organizations are divided into specialized groups with specific roles and tasks. This organizational method capitalizes on the advantages of labor specialization. For instance, specialized workers such as assembly line laborers, hair stylists, and surgeons are often able to work more efficiently and produce work of a higher quality than generalists. This is because specialized workers develop a deep understanding of their specific tasks, enabling them to perform with greater precision and to innovate within their field.
Specialized workers in various fields, including doctors who perform heart surgery and stylists who cut hair, often suggest innovative ways to do their work faster and better due to their deep expertise in their respective tasks. This is a testament to the efficacy of the functional structure in fostering workmanship and quality within an organization.
What is important to know about yourself when making a career choice?
Explanation:
I chose the career path of becoming a postal service worker. The reasoning behind why this is the best career path for me is I will have a full time position, where I will make an average of $24.59 an hour and $51,150 per year. This is in the amount of money I wish to earn each year. Generous annual vacation and sick leave is allowed to postal workers. 13 days of annual leave per year for the first 3 years, increasing to 20 days per year after 3 years of service, and to 26 days per year after 15 years of service. The Postal Service also participate in the federal retirement program, in return employees may get a pension. They have excellent benefits, basic life insurance, and pretax health benefits with most of the cost paid by the Post Service.
any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor is called ________.
The paid form of presentation and promotion of goods or services in a non-personal manner through an identified sponsor is referred to as advertising.
Who is a sponsor?A sponsor is an individual or a company that takes up the accountability towards another person during the times of training or probation period.
Advertising is an act of encouraging the products and services of a company by an identified sponsor. It is a paid form, that is, an advertising fee has been levied on the company and the non-personal presentation means its telecasting for the general public and not for a specific person.
Therefore, advertising is the term that explains in the provided sentence.
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Frito-lay's ________ gathers daily sales data and sorts it by product line and by region. the marketing managers use the data to evaluate the market share of different frito-lay products compared to one another and to competing snack foods in each region where the company does business.
Suppose the government decides to fight obesity in america by imposing an excise tax based on the saturated fat content of food. the most likely effect of this tax would be to:
Answer: C) ARTICLE VII
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When defining its market segments, the xyz company identifies groups based on characteristics such as age, gender, income, and education. what type of market segmentation is this?
________ is the task of developing and maintaining an overall company strategy for long-run survival and growth. short-term planning strategic planning advertising annual market planning long-range planning
Tripp is serving a 10-year prison sentence when he is informed by his parole board that he is getting out of jail early for good behavior. if the early release has the effect of increasing tripp's good behavior in the future, then decrease of time in prison is an example of
The decrease in Tripp's time in prison due to good behavior is an example of parole, a temporary release from prison that requires supervision and aims to prevent reoffending.
The decrease in Tripp's time in prison due to early release for good behavior is an example of parole in the criminal justice system. Parole is a temporary release from prison or jail that requires supervision and the consent of officials. It is different from probation, which is supervised time used as an alternative to prison. Parole is intended to prevent individuals from returning to criminal engagement and increase their chances of becoming positive members of the community through various support systems.
If you travel thirty minutes to work each day and work five days a week, what is your weekly commute time? 30 minutes 5 hours 2.5 hours none of the above
Answer:
The correct answer would be B, 5 Hours.
Explanation:
If a person goes to work from home, works in the office and comes back home, the total time he takes to reach office and from office to home will count in the traveling time. So in this question if a person takes 30 mins to reach office, it means he takes one hour to reach back home, which means 30 mins for going to office and 30 mins to going back to home, total one hour of traveling. Since he works 5 days a week, so total time he spends in traveling will be 5 hours, one hour per day, five times a week. So option B is the correct answer.
When the budget is in deficit, the government generally:
a. increases the public debt.
b. raises taxes.
c. decreases military spending.
d. sells public assets like national parks?
Equilibrium quantity must decrease when demand
a. decreases and supply does not change, when demand does not change and supply increases, and when both demand and supply decrease.
b. decreases and supply does not change, when demand does not change and supply decreases, and when both demand and supply decrease.
c. increases and supply does not change, when demand does not change and supply increases, and when both demand and supply decrease.
d. increases and supply does not change, when demand does not change and supply decreases, and when both demand and supply decrease.
Equilibrium quantity must decrease when demand increases and supply does not change when demand does not change and supply increases, and when both demand and supply decrease. Thus the correct option is C.
What is Equilibrium?The proportion between supply and demand establishes an equilibrium price. When certain properties of supply or demand fluctuate, prices have a tendency to regain this equilibrium.
Due to low purchasing power, demand for low-quality goods falls when an individual's income declines, and when an individual's income rises, demand falls because of increased purchasing power.
The ability to manage the demand and supply curves without affecting product prices depends on a country's ability to maintain steady production and consumption.
When the market price for a particular commodity is at its equilibrium level, it guarantees that the number of commodities demanded and supplied is equal.
When demand rises while supply remains constant, when demand rises while supply remains constant, and when both demand and supply decline, equilibrium quantity must decrease.
Therefore, option C is appropriate.
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Tp-38 by law, what must you do if oil or fuel spills into the water?
The answer is: report it to the U.S. Coast Guard National Response Center
U.S. Coast Guard National Response Center is a branch of united states government that handles all matters regarding maritime law. Their duties includes protecting the maritime borders from attack, conducting rescue for accidents that occurs on the sea, and handling criminal activities that could destroy the water ecosystem. (such as dumping oil at sea)
You are chatting with one customer when another begins asking you questions. The second customer is in a hurry and wants immediate attention. Unfortunately, there is no one else who can help her. What would you be most and least likely to do?
In this situation, as a customer service representative, the most likely action you would take is to politely inform the second customer that you are currently assisting another customer and will be with them as soon as possible.
Explanation:In this situation, as a customer service representative, the most likely action you would take is to politely inform the second customer that you are currently assisting another customer and will be with them as soon as possible. It is important to acknowledge their urgency and assure them that you will provide them with immediate attention once you are available. On the other hand, the least likely action would be to completely ignore the second customer and not address their concerns at all, as this would lead to a poor customer service experience.
Final answer:
Acknowledge and politely ask the second customer to wait while quickly finishing with the first one; never ignore or rush service. Previous experience, like at Gavi's Fast Food Restaurant, shows that a system with floor markings can efficiently manage customer flow and reduce complaints.
Explanation:
When confronted with a situation where one customer is already being assisted and another is demanding immediate attention, it is essential to provide both professional and resourceful customer service. In such a scenario, where no other staff is available to help, the most likely action to take would be to acknowledge the second customer's presence and urgency politely but to ask for their patience while you quickly finish with the first customer. The least likely action would be to ignore the second customer or to provide hasty, substandard service to the first customer in a bid to serve the second one immediately.
Referring to a past experience, such as the one at Gavi's Fast Food Restaurant, is invaluable as it demonstrates a proven approach to resolving similar conflicts. Implementing a system to manage customer flow can improve efficiency and reduce stress for both customers and staff, as shown by the successful introduction of floor markings which resulted in no further complaints about queues and a higher level of service during peak hours.
Leigh has information on how many customers purchase bagels at her coffee shop. With the bagel sales numbers from the past four months, she wants to predict the bagel sales numbers for the next month. What spreadsheet function could she use?
The legal system in the United States is based on _____.
Compared to most countries, the amount of sprawl in the united states is
Banks may borrow from or lend to another bank in the federal funds market. a loan of excess reserves from one bank to another bank is recorded as a(n) ________ for the borrowing bank and a(n) ________ for the lending bank.
Answer:
Liability and Assets
Explanation:
Banks when borrow or lend the money to another bank in the market of federal funds. Then the loan of the excess reserve from one bank to the another bank will be reported as a liability because they borrowed money from another bank for the borrowing bank and for the lending bank,it will be recorded as an asset.
microsoft's risk management model includes _____, which represents the likelihood that the risk will happen.
The feeling of a partnership in which employees feel responsible for their jobs and have a stake in the organization's success" is known as: apprehension
If stepsiblings rebecca and suzanne are asked to share bedrooms or other possessions and rebecca views such sharing as an intrusion, she may have difficulty overcoming the tendency to play the role of ________ between her parent and the new stepparent.
Would firms have an incentive to change their level of production if input prices adjusted immediately to output price changes?
Firms cannot increase the level of production to take advantage of higher prices if they face equally higher resource prices at the same time. Thus, the answer is No.
What do you mean by the level of production?From a microeconomics perspective, a successful company needs to have a sound understanding of its overall product, product range, and intermediate product.
The availability and production of real commodities are reflected in input prices, and over time these inputs (including wages) change to match the price changes.
It does not give the firm any scope to make changes to the level of production.
Hence, The correct answer is no.
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Which of the following details could best support a topic sentence that says, "Hiring a billing service can lower your company's costs"?
A. Specialists in billing can work fast and avoid errors.
B. A billing service will send invoices and receive payments.
C. Our billing service offers a secure website.
D. Our billing service is based in Cleveland, Ohio.
The statement that best support "Hiring a billing service can lower your company's costs" is: A. Specialists in billing can work fast and avoid errors.
What is Billing servicesBilling services can be defined as a person that work on behalf of a company to bills the company customers and to as well process the customers invoices.
A person that know well about billing service are often fast when preparing bills thereby saving time and they also prepare the bills in an accurate way.
Therefore, Specialists in billing can work fast and avoid errors.
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If the yield curve is downward sloping, what is the yield to maturity on a 10-year treasury coupon bond, relative to that on a 1-year t-bond?
All economic questions and problems arise from
A. opportunity costs.
B. trade-offs.
C. scarcity.
D. none of the above
I say C!
Quality services is an organization that operates several companies that market food products, restaurant equipment, and paper and plastic products, and it even has a division that counsels restaurant owners, helping them launch new restaurants successfully. quality services is pursuing a _____ strategy.
Quality Services is engaging in a diversification strategy, specifically related diversification, by operating companies in various sectors of the food and restaurant industry to spread risks and potentially enhance performance through synergies.
Explanation:Quality Services is pursuing a diversification strategy by operating several companies that market a wide range of products and services, including food products, restaurant equipment, and paper and plastic products. Furthermore, it offers counseling services to restaurant owners to help them launch new restaurants successfully. This approach involves extending the company's operations into areas that are different from its traditional business activities, aiming to reduce risks by spreading them across various markets and sectors.
Diversification strategies can take several forms, but Quality Services appears to be engaging in related diversification, where the businesses it operates are somewhat connected through their focus on the food and restaurant industry. This strategy leverages the company's existing knowledge, skills, and resources across those interconnected areas, potentially leading to synergies that can enhance overall performance and competitiveness.
What is the name of the cartel that controls much of the world's oil supply?
Jeremy works as a member of a sales team. He never gets involved in conflicts at work. He seems to have the ability to deal with people in a way that does not offend them. Which term best describes Jeremy’s ability? a. honesty b. integrity c. diplomacy d. cordiality e. sociability
Suppose there is a family in which all the boys are expected to become farmers when they are adults, just as their fathers and grandfathers did. in which kind of economy do they participate? traditional economy centrally planned economy false economy command economy
Answer:
traditional economy