Answer:
The answer is: She will have immediate purchasing power if she had a pay raise to match the inflation.
Explanation:
Inflation can be explained as a general increase in the prices of goods or services over a certain period of time (in the whole country not only on one store). So the purchasing power of the currency will decrease inversely.
Assuming that the inflation rate of the whole country was 10% over the last six months, in order for Martha to be able to buy right now the same amount of goods and services she used to buy before, she would need a pay raise of 10% to match the inflation rate.
If only the candles´ supply was affected by inflation, to establish a pay raise that would balance her purchasing power you would need to calculate what percentage of Martha´s income the buying of exotic candles represent .
The scenario describes inflation, which is an overall increase in the price of goods and services in an economy. The true statement is that Martha's purchasing power would remain the same if her income was adjusted to match the inflation. The other options are not outcomes of the described inflation scenario.
Explanation:The scenario mentions that the price of the candles has increased by 10% from six months ago. This describes inflation, which is an overall increase in the price of goods and services in an economy. Therefore, the true statement is: 'She will have immediate purchasing power if she had a pay raise to match the inflation.'
It's important to understand what inflation is. In the context of economics, it refers to the rate at which the general level of prices for goods and services rise. Inflation erodes purchasing power, which is the value of money in terms of what it can buy. So, if Martha’s income had increased or adjusted to match the inflation, her purchasing power would remain the same, despite the price increase.
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The United States is efficient at producing software and engineering services, but cannot produce clothes and electronics as efficiently as other nations. As such, the United States sells software and engineering services to other countries and buys clothes and electronics. This is an example of___________
Answer:
competitive advantage
Explanation:
According to my research on different political strategies, I can say that based on the information provided within the question this is an example of a competitive advantage. This term refers to a condition or circumstance that puts a company in a favorable or superior business position. In this situation the United States is leveraging their advantage of software and engineering as a trade option for materials that they cannot produce as efficiently.
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This is an example of comparative advantage, where the United States specializes in producing software and engineering services and trades with other nations to import clothes and electronics.
Explanation:This is an example of comparative advantage. Comparative advantage refers to a country's ability to produce a particular good or service more efficiently than other countries. In the given scenario, the United States is efficient at producing software and engineering services, so it focuses on exporting those goods. On the other hand, other nations are more efficient at producing clothes and electronics, so the United States imports those goods. This allows each country to specialize in what they do best and trade with each other to benefit from their respective advantages.
Brooke and Sandy both attend the same college and have the same expenses for tuition, books, and supplies. However, Brooke is a famous actress who could earn $2 million per year if she were not attending college while Sandy could earn $10,000 a year serving hamburgers if he were not attending college. It follows that the opportunity cost of attending college:
A. is the same for both Brooke and Sandy.
B. is greater for Brooke than for Sandy.
C. is greater for Sandy than for Brooke.
D. for Brooke and Sandy cannot be compared.
Answer: Option (B) is correct.
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The opportunity cost of attending college for Brooke is the amount that she could earn as an actress i.e. $2 million per year.
The opportunity cost of attending college for Sandy is the amount that he could earn by serving hamburgers i.e. $10,000 a year.
Therefore, opportunity cost of attending college is greater for Brooke than for Sandy.
Purple Consulting has five consultants in the firm. The company’s annual revenue is around $500,000. Income is distributed among all consultants, and each is personally liable for claims if the company goes under.What type of business is this?
Answer:
The answer is: General partnership
Explanation:
This type of company is created by two or more people that associate in a partnership to carry on a business. An agreement is made between partners (can be written or verbal) to set up the rules on how the partnership will operate. Usually partnership is terminable at will or at death or anyone involved. Their interests or assets can´t be sold without consent of the other partners.
Partnerships are usually considered to be private entities by their own (separate from the partners), so they can own property or sue someone else. They don´t provide liability protection to the partners, so each partner is liable for all debts of the partnership.
In the US, partnerships report their income to the IRS but are not taxed. Instead, individual partners are taxed based on their share of the profits or losses the partnership reported.
A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve the entire organization. In other words, the manager has been hired for her strong _____ skills.a. technicalb. diagnosticc. communicationd. conceptual
Answer:
Conceptual Skills
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.
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Derek serves on the board of directors for a furniture company. He is also the CEO of a timber company attempting to secure a contract with the furniture company. What situation does this example represent?a. synergistic integration
b. conflict of interest
c. corporate social responsibility
d. environmental sustainability
Answer:
b. conflict of interest
Explanation:
Conflict of interest is the situation which arises when a person or an organization starts to possess an interest in multiple things.. Such conflict arises primarily in the financial or economic background. Such type of conflict gives rise to a situation in which the individual or organization's interest may affect the duty of adversely. The decisions are made to benefit the third party. In the above situation, Derek is in the situation of conflict of interest.
Durable goods, nondurable goods, and services Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged. For example, think about doing your laundry. Which of the following laundry-related items are durable goods? Check all that apply.
A. A washing machine
B. Having a pair of pants dry-cleaned
C. A T-shirt
D. A clothes dryer.
Answer:
Here, option A and option D are correct.
Explanation:
Durable goods are those goods which can be used for a long period. They do not get exhausted in a single-use. They provide utility for a long period of time.
Durable goods can be of several types such as perfectly durable, highly durable, etc. Some examples of consumer durable goods are books, appliances, tools, electronics, furniture, etc.
In the given example, washing machine and cloth dryer are durable goods as they can be used for a long time without being completely exhausted in single-use.
Inhabitants of Pandora use stone beads as money. On average, every stone bead is used 5 times per year to carry out transactions. The total supply of beads is 50 million. According to the quantity theory of money, the level of aggregate spending in Pandora must be 250 million.
a) What is the level of aggregate spending in Pandora according to the quantity theory of money?b) Suppose the inhabitants of Pandora start using less money to conduct the same number of transactions (i.e., each individual carries fewer beads). What is the effect on the velocity of money?
Answer:
The correct answers are 200 million; increase.
Explanation:
The aggregate expense is the approximate value of the goods and services that an economy will produce. It measures its economic activity, or gross domestic product. Its definition in terms of the variables of the components is the sum of consumption, expected investments and public spending and net exports. The factors that affect it usually alter the estimated value. These factors must initially affect the variables of the components in order to alter the net aggregate.
Final answer:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange. If the inhabitants of Pandora use less money for transactions, the velocity of money will increase as each bead is used more frequently.
Explanation:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange, MV = PQ. In this case, the money supply (M) in Pandora is 50 million beads, and the velocity of money (V) is 5 transactions per bead per year. Therefore, the level of aggregate spending (PQ) in Pandora is 250 million bead transactions per year.
If the inhabitants of Pandora start using less money to conduct the same number of transactions, the velocity of money would increase. This is because each individual carrying fewer beads would lead to each bead being used more frequently to facilitate transactions, thus increasing the velocity of money.
Refer to Closing Case 1 - Mobile CRM at Disney World: The intent of Disney’s MyMagic+ system is to better track the use of credit cards at Disney’s parks.
True or False ?
Answer:
false
Explanation:
that's because they don't need to use that
Answer:
False
Explanation:
A team of writers is just beginning a new documentation project. On their last project, the client complained that the completed document kept switching from active to passive voice and that the design of the headings was not visually consistent. Which of the following is the team’s best approach for avoiding such problems on the current project?
a.) Discuss cultural differences
b.) Create a style sheet
c.) Choose a group leader with strong editing skills
d.) Establish clear work procedures
Answer:
b.) Create a style sheet
Explanation:
According to my research on writing and editing processes, I can say that based on the information provided within the question the best approach for avoiding such problems on the current project would be to create a style sheet. This refers to a record of types of changes made during the editing process and often covers all the types of errors that can be found in a certain document. This will allow them to fix the requests made by the client and not redo them by mistake later on.
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Final answer:
The team's best approach to maintaining consistency in voice and design in their new documentation project is to create a style sheet and establish clear work procedures. A group leader with strong editing skills can also oversee these measures to ensure consistency.
Explanation:
To avoid issues with inconsistent use of active and passive voice and visually inconsistent heading designs in a new documentation project, the team's best approach would be to create a style sheet. A style sheet serves as a guideline for writers and editors to maintain consistency in voice, design elements, and formatting throughout the document. It helps prevent discrepancies and ensures that all team members are adhering to a unified style.
Beyond choosing a style sheet, it's also beneficial to establish clear work procedures to define roles, tasks, and the overall workflow. This may include regular reviews and check-ins to ensure adherence to the style sheet and to catch any deviations early on.
Appointing a group leader with strong editing skills might also help in maintaining the consistency of the document, as they can oversee the implementation of the style sheet and the work procedures, providing editing and feedback where necessary. However, the creation of a style sheet and establishment of clear work procedures would be the foundational steps in addressing the client's concerns.
The Frito-Lay plant applies a product focus strategy, which is appropriate for what type of producer? A. low-volume, high-variety B. low-volume, low-variety C. high-volume, low-variety D. high-volume, high-variety
Answer:
The correct answer is C. high-volume, low-variety
Explanation:
Frito-Lays plants produce under the low-variety, high-volume process model common in commercial baked goods and the beer industry. Preventive equipment maintenance is critical to avoid downtime costs.
This model ensures a high flow of products, anticipating the high demand that the company has.
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Use the following information to compute NET INCOME.
The income tax rate is 40%.
Sales 10,000
Dividends 700
Cost of Goods Sold $ 4,000
Interest Expense 1,100
Selling and Administrative Expense 1,750.
a. 1,260b. 1,190c. 1,890d. 1,470e. 980
Answer:
c. $1,890
Explanation:
As for the provided information, we have
Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.
Thus net income shall be as follows:
Sales - Expenses
Sales = $10,000
Expenses = $4,000 + $1,100 + $1,750 = $6,850
Profit before taxes = $3,150
Less: Taxes @ 40% = $1,260
Net Income = $1,890
Correct option is
c. $1,890
"A property has an annual before-tax cash flow of $100,000 and income taxes of $12,000. ?The investor has $2 million invested in this property. What is the investor's cash-on-cash return"
Answer:
The investor's cash-on-cash return is 5%
Explanation:
The formula to compute the cash on cash return is shown below:
= (Annual before-tax cash flow) ÷ (total invested amount)
= ($100,000) ÷ (2,000,000)
= 0.05
= 5%
There is no use of the income tax so we do not consider it in the computation part. Hence, ignored this income tax expense
It is always expressed in the percentage form.
During the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions?
Answer:
What amount should Onal report in its income statement for these transactions? 0.
Explanation:
deb cre
year-1 Treasury Stock 70000
(10000*7)
Cash 70000
year-1 Cash 50000
(5000*10)
Treasury Stock 35000
(5000*7)
Paid in capital for treasury stock 15000
Which of the following is least likely to be a question or study of economic concern? A. What are the benefits to Tampa Bay of hosting the Super Bowl? B. What is the motivation of the Red Cross? C. Is anything really free? D. How connected is productivity and wage?
Answer:
The correct answer is B.
Explanation:
Economics is a social science that studies how available resources can be managed to meet human needs. It studies the behavior and actions of human beings in the face of different situations in which a need or a demand for an object or service arises.
The economy never takes into account the motivation behind an action. It simply evaluates the need that is satisfied, the management of resources to meet it and the actions that are carried out to achieve the objective.
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Maxwell tax planning service bought communications equipment for $ 10 comma 800 on january 1, 2019. The equipment has an estimated useful life of five years and zero residual value. Maxwell uses the straightminusline method to calculate depreciation and records depreciation expense in the books at the end of each month. As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is
Answer:
As of june 30, 2019, the balance in the accumulated depreciation account for this equipment is $1080
Explanation:
Cost Annual Dep. Monthly
Jan-19 10800 2160 180
fen-19 180
mar-19 180
apr-19 180
may-19 180
jun-19 180
1080
A computer manufacturer seeks to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. This is an example of ____.
a) Operations Management
b) Scientific Management
c) Production Management
d) Inventory Oversight
e) Inventory Analysis
Answer: Operations management
Explanation: In simple words, operations management refers to the process of monitoring business practices so that the labor and materials could be converted to goods and services as efficiently as possible. This efficiency will ultimately increase the profit of the organisation.
In the given case, the computer manufacturer is making changes with the inventory system so that overproduction could be reduced and customer satisfaction could be increased. Hence he is doing so with the goal of maximizing profit.
Hence from the above we can conclude that the correct option is A.
Below are the 2014 and 2015 year-end balance sheets for Tran Enterprises:
Assets:
2015
2014
Cash
$ 200,000
$ 170,000
Accounts receivable
864,000
700,000
Inventories
2,000,000
1,400,000
Total current assets
$3,064,000
$2,270,000
Net fixed assets
6,000,000
5,600,000
Total assets
$9,064,000
$7,870,000
Liabilities and equity:
Accounts payable
$1,400,000
$1,090,000
Notes payable to bank
1,600,000
1,800,000
Total current liabilities
$3,000,000
$2,890,000
Long-term debt
2,400,000
2,400,000
Common stock
3,000,000
2,000,000
Retained earnings
664,000
580,000
Total common equity
$3,664,000
$2,580,000
Total liabilities and equity
$9,064,000
$7,870,000
The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2014. As of the end of 2015, none of the principal on this debt had been repaid. Assume that the company’s sales in 2014 and 2015 were the same. Which of the following statements must be CORRECT?
a. The firm had negative net income in 2015.b. The firm increased its short-term bank debt in 2015.c. The firm issued new common stock in 2015.d. The firm issued long-term debt in 2015.e. The firm repurchased some common stock in 2015.
Answer:
The correct option is (c)
Explanation:
From the year end balance sheet for 2014 and 2015 it can be seen that common stock balance as on 2014 was 2,000,000 and as on 2015, it increased to 3,000,000.
An increase in common stock implies that the company issued new 1,000,000 common stock in 2015.
Option (a) cannot be determined as no income statement item is given.
Option (b) is incorrect as the company reduced its short term bank debt in 2015.
Option (d) is incorrect as long term debt was issued in 2014 and not in 2015.
Option (e) is incorrect as company had issued and not repurchased common stock.
Kobe files a suit against joanna. they meet, and each party's attorney argues the party's case before a judge and jury. the jury presents an advisory verdict, after which the judge meets with the parties to encourage them to settle their dispute. this is
Answer:
The correct answer is: A Summary Jury Trial
Explanation:
Unlike most legal cases seen on a television set, the United States is now increasingly adopting a 'Summary Jury Trial;
What it does is give a chance for people involved in family disputes, property disputes etc to become part of a faux trail, where the jury is able to present it's verdict.
With all the information in mind, parties are given a chance to try and settle any of their disputes between themselves before starting a former trial that can be expensive and long for both parties involved.
Final answer:
The process described is known as a settlement conference or mediation in a civil lawsuit, aiming to encourage parties to settle before a full trial.
Explanation:
The situation described, where Kobe and Joanna's attorneys argue before a judge and jury, and the jury presents an advisory verdict followed by the judge encouraging the parties to settle, is typically referred to as a settlement conference or mediation process within a civil lawsuit. During this civil trial, both parties have the chance to present their evidence and witness testimonies, and engage in various pre-trial activities like submitting written summaries of their strategies and participating in jury selection. The aim of a settlement conference or mediation is to help the parties reach an agreement and avoid a full trial, which is successful in approximately ninety-five percent of cases.
Valerie has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns.
Which of the following principles of economic interaction best describes this scenario?
a. All costs are opportunity costs.b. When markets do not achieve efficiency, government intervention can improve overall welfare.c. Markets allocate goods effectively.d. There are gains from trade.
Answer:
The correct answer is d. There are gains from trade.
Explanation:
In this situation a profit is presented for both companies, because the described relationship represents the main activity that each one performs, but in turn, details the need of each one for a service that generates value, since a company, As a capital company, it is a machinery whose purpose is the generation of value: the investment of economic resources, contributed by the ownership of the company, allows generating new wealth (value), in the most general case, thanks to the work of its employees. The first reason for the investment of resources is that additional generation of wealth that is expected to be achieved. Under these conditions, it seems clear that the objective of any manager of a company should be the generation of value for the shareholder.
Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production. C. are incurred even if nothing is produced. D. vary in proportion with production.
Answer:
The correct answer is C. are incurred even if nothing is produced.
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: taxes, rental
Then, Fixed costs can be defined as costs that are incurred even if nothing is produced.
Fixed costs, in the business context, are those that are incurred even if nothing is produced. They are constant and don't change with the level of production. An example is the rent for a factory which remains the same irrespective of whether any goods are produced or not.
Explanation:In the field of business, fixed costs refer to the costs a business incurs even when no production takes place. Therefore, option C. 'are incurred even if nothing is produced' is the correct answer. This typically includes rent, insurance, salaries, and depreciation. These expenses are constant regardless of output level. For instance, if a factory pays $5000 per month in rent, this cost is considered 'fixed' because it remains the same regardless of whether the factory produces anything or not.
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A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the company generate in order to recover the effect on net income?
Answer:
The correct answer is $4.14 millions
Explanation:
The term profit margin represents what percentage of sales has turned into profits.
For example:
if the company reports that it achieved a 10% profit margin, it means that it had a net income of $0.10 for each dollar of sales generated.
"A company is a victim of a $414 million fraud"
$414 million x 10%= $4.14 millions
$4.14 million in additional revenue should the company generate in order to recover the effect on net income.
A performance obligation is:
a. An enforceable expectation of a customer to receive a good or service from the seller.
b. An offer to transfer a good or service to the customer
c. An expectation of a customer for the receipt of a good or service by a vendor
d. A promise in a contract with a customer to transfer a good or a service to the customer
Answer:
.
Explanation:.
Justine went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ground beef selling for $4.49/lb. At her normal grocery store, she can get the same quality beef for $3.29/lb., a price Justine feels is reasonable. $3.29/lb. for ground beef is Justine's __________.
Answer:
The correct answer is reference price.
Explanation:
Consumers generally tend to compare the price of all the products. They purchase the product that they find priced reasonably and fairly. The product price that consumers use to make a comparison is called the reference price.
It is generally a previously advertised product or a competitor's product that is used for reference purposes. The reference price is considered justified by consumers.
Swifty Corporation's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $310000 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $860000 of raw materials were purchased, direct labor costs amounted to $851700, and manufacturing overhead incurred was $752000. If Swifty Corporation's cost of goods manufactured for 2017 amounted to $2273700, its cost of goods sold for the year is
Answer:
The cost of goods sold for the year is $223,3700
Explanation:
The formula to compute the cost of good sold is shown below:
= Beginning balance of finished good inventory + cost of goods manufactured - ending balance of finished good inventory
= $150,000 + $2,273,700 - $190,000
= $223,3700
Beginning balance of finished good inventory + cost of goods manufactured is called goods that are available for sale
Final answer:
Swifty Corporation's cost of goods sold for the year 2017 is calculated by adding the beginning finished goods inventory to the cost of goods manufactured and then subtracting the ending finished goods inventory. The COGS for 2017 is thus $2,233,700.
Explanation:
The student has asked how to calculate the cost of goods sold (COGS) for Swifty Corporation for the year 2017 based on the provided accounting records and financial data. To calculate the cost of goods sold, we use the following formula:
Beginning Finished Goods Inventory
Plus: Cost of Goods Manufactured
Less: Ending Finished Goods Inventory
To apply this formula, we use the following numbers from the question:
Beginning Finished Goods Inventory (Dec. 31, 2016): $150,000
Cost of Goods Manufactured for 2017: $2,273,700
Ending Finished Goods Inventory (Dec. 31, 2017): $190,000
We then calculate COGS as follows:
$150,000 + $2,273,700 - $190,000 = $2,233,700
Therefore, Swifty Corporation's cost of goods sold for the year 2017 is $2,233,700.
. If the equilibrium quantity of loanable funds is $50 billion and if the equilibrium nominal interest rate is 8 percent, then
A. there is an excess demand for loanable funds at a real interest rate of 8 percent.
B. there is an excess supply of loanable funds at a real interest rate of 6 percent.
C. the rate of inflation is approximately 14 percent.
D. the rate of inflation is approximately 2 percent.
Answer:
the rate of inflation is approximately 2 percent.
The equilibrium nominal interest rate is 8%. There is an excess supply of loanable funds at a real interest rate of 6%, and the rate of inflation is approximately 2%. The correct answers are B and D.
If the equilibrium quantity of loanable funds is $50 billion and the equilibrium nominal interest rate is 8%, let's analyze the possible choices:
A. There is an excess demand for loanable funds at a real interest rate of 8 percent.Therefore, the correct answers are B and D. They align with the economic principle that if the interest rate is below the equilibrium level, an excess demand or shortage of loanable funds occurs, and the nominal interest rate can be broken down using the Fisher equation to give us the approximate inflation rate.
2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is paid $1.00 for each call that sells a subscription. Paul’s telephoning is reinforced on a _____ schedule, whereas Michael’s is reinforced on a _____ schedule.A. Variable-ratio; fixed-ratioB. Fixed-interval; variable-ratioC. Fixed-ratio; variable-intervalD. Fixed-ratio; variable-ratio
Answer:
D. Fixed-ratio; variable-ratio
Explanation:
Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.
Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.
Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule. Th correct answer is option: C. Fixed-ratio; variable-interval.
A fixed-ratio schedule provides reinforcement after a set number of responses. In Paul's case, he receives $1.00 for every 5 calls, indicating a predictable pattern of reinforcement. On the other hand, a variable-ratio schedule provides reinforcement after an unpredictable number of responses. Michael's payment depends on selling subscriptions, which can vary and therefore is less predictable.
Fixed-ratio schedules, like Paul's, create a high rate of response followed by a brief pause after reinforcement, as individuals know exactly how many actions are required to receive a reward.Variable-ratio schedules, like Michael's, tend to produce a high and steady rate of response, as the unpredictability of reinforcement encourages continuous effort in the hope that the next response will result in a reward.Which of the following statements is true of direct marketing? Direct marketers can target only large groups of customers whose demographic features have not been determined. Online direct marketing results in higher cost-per-contact for the company when compared to traditional mass marketing strategies. Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. For buyers, direct marketing is an inconvenient and lengthy process. Direct marketers offer a limited selection of products and services to customers.
The statement that Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases is true. Direct marketing allows targeted advertising and can offer a wide selection of products and services. Technological and global shifts have increased its use and effectiveness.
Explanation:
The true statement about direct marketing from the provided options is: Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. Direct marketing is a form of advertising that allows direct business-to-business and business-to-consumer transactions, eliminating the need for any intermediaries. Marketers can specifically target identified groups of consumers, contrary to the idea that demographic features haven't been determined. Such direct marketing strategies can include email marketing, telemarketing, and direct mail, all of which can be cost-effective when compared to traditional mass marketing strategies. Furthermore, customers get a wide and diverse selection of products and services from direct marketers, making the buying process shorter, more convenient and giving customers more control. The shifts towards technology and globalization have led to the rise of online direct marketing, thereby enhancing competition among local retail businesses and between suppliers and buyers nationwide or globally.
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Griffith Manufacturing ships 40 crates of goods by Trusty Shipping, a common carrier. Trusty offers Griffith a shipping rate of $725 for a limited liability of $5,000 or a rate of $975 for full liability for any harm to the goods. Griffith chooses the $725 rate. In transit, Trusty’s driver has an accident during an ice storm and all of Griffith’s goods are destroyed, causing a loss of $12,000. If Griffith sues Trusty,A. Trusty will be liable for only $5,000 because a common carrier is allowed to limit its liability by contract.B. Trusty will be liable for the full $12,000 because common carriers have strict liability.C. Trusty will automatically be liable for the full $12,000 under the Carmack Amendment.D. Trusty is subject to normal bailment rules and can escape liability for any damage to the goods by proving that it exercised due care of the property and that the loss was caused by an act of God.
Answer:
The answer is: D) Trusty is subject to normal bailment rules and can escape liability for any damage to the goods by proving that it exercised due care of the property and that the loss was caused by an act of God.
Explanation:
Under the Carmack Amendment, a motor carrier (Trusty Shipping) can deny liability for cargo damage under 5 circumstances:
an Act of God the public enemy Act or Default of Shipper Public Authority the inherent vice or nature of the goods transportedIn this case, the ice storm would classify under exemption 1 (An Act of God).
The actual material substances used to create an artwork are called ____.
The actual material substances used to create an artwork are called art materials or mediums. The materials used to create an artwork are referred to as art materials or mediums, including traditional items like paint and canvas, and may involve mixed media. The choice of materials affects the manipulation and eventual impact of the artwork, as well as its value and significance.
The actual material substances used to create an artwork are called art materials or mediums. These can range widely from traditional materials like oil and pigments on canvas, carved marble, woven fibers, to more contemporary mediums such as film, the written word, and the body in dance performances. Also, the term mixed media is used when artists incorporate multiple mediums into their work.
Art materials play a crucial role in the creative process, as they make it possible to construct the physical object that is the artwork, such as sculptures and paintings. They also contribute to the value, importance, and associations that an artwork can have. Knowing the materials and the special processes involved in the creation of the artwork can greatly enhance one's appreciation and understanding of it.
Furthermore, the specific properties of these materials influence how they can be manipulated and the effects they can achieve. Mastery of the relevant techniques combined with the choice of materials helps to define an artist's unique style and the visual impact of their art.
Nakato, a South Asian country, exported goods worth $500 million and imported goods worth $400 million in the last fiscal year. The country also made foreign investments worth $300 million and provided foreign aid worth $100 million in disaster relief. Besides this, the country took a loan of $5 billion from the World Bank. This flow of money into and out of Nakato is measured by _____.
Answer:
This flow of money into and out of Nakato is measured by 'Balance of payments'.
Explanation:
We are asked to determine the type of flow of money into and out of Nakato.
We know that a systematic record that represents all economic transaction between the residents of a country and rest of world in a given time period is known as balance of payments.
This transaction can be in different forms.
The exchange of goods for goods,Services for goods,Services for services,Services and goods for money.Therefore, the given flow of of money into and out of Nakato is measured by 'Balance of payments'.
Answer:
(D) Balance of Payments.
Explanation:
Balance of payments accounts are the books of a country where it saves all the transactions between own country’s citizens and the rest of the world.
It includes three accounts, i.e. current account, capital account and financial accounts.
Here, following exchanges are included in Balance of Payments
Goods for goods: Like in the case, exported $500 million goods for $400 million goods
Services for goods: This happens when one country provide goods for other’s services
Services for services: Services are exchanged between two countries
Services and goods for money: Both services and goods are exchanged for money, like international projects.