Answer: $2
Explanation:
The formula for simple interest = I = prt
I =$ 100 × 0.02 × 1 = $2
At the end of one year, $2 would be made.
_____ was established by the Better Business Bureau to evaluate ads directed at children based on guidelines that encourage sensitivity to their level of sophistication and knowledge, as well as an emphasis on positive social traits such as friendship and kindness.
Review Unit for Children's Advertising was established by the Better Business Bureau to evaluate ads directed at children based on guidelines that encourage sensitivity to their level of sophistication and knowledge, as well as an emphasis on positive social traits such as friendship and kindness.
Explanation:
In 1974, the US self regulatory organization was created by the National Advertising Review Board. The Children's Advertising Review Unit is an organization of the Council of Better Business Bureaus, basically has two missions:
to protect kids from misleading or unwanted coverage across all channels and; CARU partners with companies in order they conform to all relevant legislation and the autonomous CARU standards which take account of the exceptionally impressive and disadvantaged children's audience, both marketing and data collection practices.When advertising or data gathering practices are discovered to be ambiguous, improper or inconsistent with the CARU guidelines, CARU aims to change through voluntary participation between companies.
The federal funds rate is the a. percentage of face value that the Federal Reserve is willing to pay for Treasury Securities. b. percentage of deposits that banks must hold as reserves. c. interest rate at which the Federal Reserve makes short-term loans to banks. d. interest rate at which banks lend reserves to each other overnight.
Answer:
d. interest rate at which banks lend reserves to each other overnight.
Explanation:
Federal fund rates are the rates at which the bank lend each other overnight in the market, as the reserves fall the federal fund rate fall and as the reserves increase the federal fund rate increases.
Afecreen Inc. has an average of 85 working days in a quarter. The company conducts quality checks to assess the performance of its employees. The employees who perform well may receive a bonus after 70 days or 100 days, but the average interval between the completion of tasks and the receiving of bonus is 85 days. In the context of reinforcement theory of motivation, which of the following intermittent reinforcement schedules does this scenario best illustrate?
a. A fixed interval reinforcement schedule
b. A fixed ratio reinforcement schedule
c. A variable interval reinforcement schedule
d. A variable ratio reinforcement schedule
Answer:
C) A variable interval reinforcement schedule
Explanation:
A variable interval reinforcement schedule is the opposite of a fixed interval reinforcement schedule. If a variable interval schedule is used, the time that passes between response and the reward used as reinforcement is not fixed, it is generally unpredictable and changing.
In this case, the time intervals for handing out bonuses are set at 70 days and 100 days, but they usually happen around day 85, a few days more or less.
The rule to remember when accounting for bonds sold at a premium or at a discount is that Bonds Payable is always credited for the face amount of the bond issue, regardless of the selling price. If a bond with a face value of $50,000 was sold at a premium for $52,000, what account would be credited and for how much?
Answer:
Cr Bonds Payable account 50,000
Cr Premium on Bonds Payable account 2,000
Explanation:
The complete journal record should be:
Dr Cash account 52,000Cr Bonds Payable account 50,000Cr Premium on Bonds Payable account 2,000Since cash is an asset and it increases, it should be debited.
Since bonds payable and premium on bonds payable are liabilities and they increase, they should be credited.
When salespeople are able to provide balance to their lives by permitting them to network from home (email, video conferencing, etc.) with customers and even their office, they are _____.
A.
outputting
B.
buzzing
C.
virtualling
D.
telecommuting
E.
networking
Answer:
The correct answer is (D)
Explanation:
They are telecommuting, it is a process in which people work from a remote area outside of a conventional office. The remote area can be from home, a café, or lodging. The Internet, faxes, telephones, webcams, and texting are a portion of the mechanical advances that empower this sort of work game plan. Most remote workers work in the money related, cutting edge, and correspondences businesses.
The major issues in the __________ stage of team development concern how the tasks and responsibilities will be divided among members and how members will evaluate each other’s performance.
Answer:
3rd stage or Norming stage of group development.
Explanation:
3rd stage or Norming stage of group development.
In this stage responsibilities among group member is divided on the basis of their skills. During this stage members start to cooperate with other co members. A bonding among the members is start to developed which result in understanding each other contribution and identity. The main advantage of this understanding is that conflicts and misunderstanding issues has been resolved at faster rate.
Suppose a fall in consumer income drives down the demand for lobster while a record harvest increases supply. How would these changes affect the equilibrium price and quantity of lobsters? Group of answer choices
Answer:
A decrease in price and unambiguous change in quantity.
Explanation:
A decrease in consumer income causes the demand for lobster to decrease. This decrease in demand will cause the demand curve to move to the left.
A record harvest will cause the supply of lobster to increase. This increase in supply will cause the supply curve to move to the right.
These movements in the supply and demand curve will cause the price level to decline.
The change in the equilibrium quantity depends upon the proportionate change in demand and supply. If both demand and supply change by the same proportion, the quantity will remain the same.
If the decline in demand is more than the increase in supply, the quantity will fall.
If the increase in supply is more than the decline in demand, the quantity will rise.
Discount loans extended by the Federal Reserve Bank – normally an important factor in the macroeconomy. However, in crises discount loans are a safety net that reassures the –. It is in the economy’s best interest that the Fed serves as a regulator of banks because of the – nature of banking.
Answer:
help
Explanation:
Answer:
Discount loans extended by the Federal Reserve are not normally an important factor in the macroeconomy. The Fed used the discount rate to administer monetary policy actively until the Great Depression. During that time, the Fed would increase the discount rate to discourage borrowing by banks, or decrease the discount rate to encourage bank borrowing. Today, the Fed discourages discount borrowing unless banks are struggling.
Explanation:
Discount loans are the vehicle by which the Fed performs its role as "lender of last resort." Given the macroeconomic danger of bank failure, the Fed serves an important role as a backup lender to private banks that find difficulty borrowing elsewhere.
In 2008, the Fed made discount loans to other financial institutions besides just struggling banks. This was an unprecedented move, to prevent a domino-like collapse of the U.S. financial system.
issues $40,000,000, 6%, 5-year bonds dated January 1, 2015. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?
Answer:
$41,750,412.79
Explanation:
To determine the proceeds from the bond issue we must determine the present value of the bonds and we can do that using an excel spreadsheet and the present value formula =PV(Rate,Nper,PMT,FV)
where:
Nper = 5 x 2 = 10 (5 year bonds issued)Rate = 5% / 2 = 2.5% (semiannual payments)PMT = ($40,000,000 x 6%) / 2 = $1,200,000 FV = $40,000,000 (face value of bonds)PV = ?=PV(Rate,Nper,PMT,FV) =PV(2.5%,10,1200000,40000000) = $41,750,412.79
Marburg Co. expects direct materials cost of $5 per unit for 100,000 units (a total of $500,000 of direct materials costs). Marburg's standard direct materials cost and budgeted direct materials cost is:
$5 per unit (Standard); $500,000 per year (Budgeted)
$5 per unit (Standard); $5 per unit (Budgeted)
$500,000 per year (Standard); $5 per unit (Budgeted)
$500,000 per year (Standard); $500,000 per year (Budgeted)
Answer:
$5 per unit (Standard); $500,000 per year (Budgeted)
Explanation:
Standard = $5 per unit
Budgeted = $5*100,000
= $500,000
Unemployment insurance
a. increases search effort which decreases unemployment.
b. reduces search effort which lowers unemployment.
c. increases search effort which raises unemployment.
d. reduces search effort which raises unemployment.
Answer: The correct answer is "d. reduces search effort which raises unemployment.".
Explanation: Unemployment insurance reduces search effort which raises unemployment because the unemployed who receive this unemployment insurance, lose motivation to look for work because they are calm knowing that they will receive unemployment insurance, which causes unemployment to increase.
Suppose Van would like to invest $2,000 of his savings.
One way of investing is to purchase stock or bonds from a private company.
Suppose RoboTroid, a robotics firm, is selling bonds to raise money for a new lab—a practice known as _______ (Debt or equity) finance. Buying a bond issued by RoboTroid would give Van _________ (An IOU, a promise pay, from or a claim to partial ownership) the firm. In the event that RoboTroid runs into financial difficulty, _______________ (Van and other bondholders or the stockholders) will be paid first.
Assuming that everything else is equal, a U.S. government bond that matures 10 years from now most likely pays a __________ (higher or lower) interest rate than a U.S. government bond that matures 30 years from now.
Answer:
The anwers are equity, a claim to partial owernship, van and other bod holders , higher.
Explanation:
Suppose Van would like to invest $2,000 of his savings.
One way of investing is to purchase stock or bonds from a private company.
Suppose RoboTroid, a robotics firm, is selling bonds to raise money for a new lab—a practice known as ___equity____ (Debt or equity) finance. Buying a bond issued by RoboTroid would give Van _____a claim to partial ownership____ (An IOU, a promise pay, from or a claim to partial ownership) the firm. In the event that RoboTroid runs into financial difficulty, _van and other bondholders______________ (Van and other bondholders or the stockholders) will be paid first.
Assuming that everything else is equal, a U.S. government bond that matures 10 years from now most likely pays a ___higher_______ (higher or lower) interest rate than a U.S. government bond that matures 30 years from now.
Suppose that a pharmaceutical company wants to grow in size but is constrained in the short run by its production capacity. What are some of the steps the company can take in the long run to overcome these constraints? Instructions: You may select more than one answer. A. Use cheaper materials B. Hire additional workers C. Build more factories. D. Expand the size of current factories.
Answer:
Build more factories, Expand the size of current factories, Use cheaper materials
Explanation:
Long run is not a precise period of time thereby meaning it could span from a year to eternity, which is adequate time to plan and grow. Building more factories will increase the growth in size for the capacity for more production as well as expanding the size of the current factories. Due to the fact that there is a constraint of production capacity the company should look for alternatives in production technology in the long run so as to reduce cost of materials but with the same production quality.
Answer: option b & d
Explanation:
Both of the options are dependent on size of demand for product.
After research is done to determine proposed size, using the rate of production to determine whether hiring additional workers with more shifts in the factory to increase production capacity to meet aim of growing in size .
Or expansion of facility to make room for new equipment to increase production capacity.
In meat fabrication, muscles should be cut A. against the grain. B. with the grain. C. around the gristle. D. into a medium dice.
Answer:
A. against the grain.
Explanation:
Although entire muscles are fabricated regardless of the grain of the meat, a portion cuts observe the general guideline of cutting over the grain of the meat. This produces short filaments of meat that when served are anything that is easy to cut and chew.
On December 1, Year 3, Wall Co. Paid $860,000 in cash for all of the outstanding stock of Hart Corp. The book valueof Hart’s assets and liabilities were $800,000 and $180,000. The fair values were $840,000 and $140,000. During December, Wall Co spent an additional $80,000 to maintain "goodwill" in Hart’s business by starting a customer loyalty program.
What amount should Wall Co report as goodwill related to Hart in its 12/31/Year3 balance sheet?
Answer:
$66,000
Explanation:
The $60,000 paid as last month's rent will be reported as an asset, prepaid rent, and the deposit of $80,000 will be reported as an asset, deposits. The new walls and offices costing $360,000 will be capitalized as leasehold improvements and amortized over the 5-year term of the lease. Amortization will be $72,000 per year or $6,000 per month. As a result, Tell will report expenses in 20X0 of $60,000 in rent and $6,000 in amortization for a total of $66,000.
Answer:
66,000
Explanation:
In an open market purchase, the Fed ________ government securities, which ________ bank reserves and ________ the federal funds rate.
Answer:
The correct answer is: buys; increases; decreases.
Explanation:
Open market operations refer to the sale and purchase of government securities in the open market. It is a monetary tool used by the central bank to control the money supply.
In an open market purchase, the Fed buys government securities in the open market and pays for these securities. This causes the reserves with commercial banks to increase.
As the banks now have more money to lend or the lending capacity of the bank increases, this causes the interest rates to decline. The federal funds rate is also an interest rate, so it will decline as well.
Answer:
Buys, Increase, Increase
Explanation:
The sale and purchase of government securities in the open market by federal reserve is called open market operation, it is a flexible and frequently used way means of implementing the monetary policy. FOMC(Federal Open Market Committee) handles all the open market operations and it consists of five Federal reserve district bank presidents and seven Federal reserve governors. OMO ensures that the money flows freely into the hands of the businesses and consumers. To increase the money supply the Fed purchases the bond form the banks to inject money in the banking system. Banks uses these funds for providing loans, and the increased loan activities reduces the interest rate.
Which term refers to selling commodities of similar grade and quality to two or more different buyers at different prices, within a reasonably short time, where the result would be to substantially lessen competition?
Answer:
Price discrimination
Explanation:
Price discrimination is a method used by various firms; it is a selling system that charges clients different costs for similar items. They charge clients different prices and the prices depend on whatever the customer can pay. In unmodified price discrimination, the dealer charges every client the most extreme value the individual customer can pay. Under the Robinson-Patman Act of 1936, it is illegal to sell the same quality of products at different prices.
Price discrimination refers to the practice of selling similar products to different buyers at varying prices in a manner that could lessen competition, potentially violating antitrust laws and leading to unfair market dominance or a monopoly.
The practice of selling commodities of similar grade and quality to two or more different buyers at different prices, where the outcome could substantially lessen competition, is known as price discrimination. This act can violate antitrust laws if it results in unfair competition or harm to the consumer.
Antitrust laws, such as Section 2 of the Sherman Act, are intended to prevent actions that could reduce competition, which includes prohibiting price discrimination that could lead to such an effect. The law is concerned with maintaining fair and competitive markets, stating that competition has been harmed if firms can increase prices significantly due to reduced competition.
Price discrimination may involve different pricing strategies such as charging different prices based on geographical location, quantity of purchase, or for reasons not related to cost differences. It may also result in firms exerting more control over the market and potentially leading to a monopoly situation. In a healthy competitive market, similar goods would typically sell at identical or near-identical prices, a principle that can be upset by discriminatory pricing practices.
Suppose that shortly after graduating from college you decide to start your own business. Assuming you are starting a small business and realize that you need someone with particular expertise or business skills, which category of firm are you most likely to start?A. Sole proprietorship. B. Partnership. C. Corporation. D. All of the above are equally alike. E. A and C are more likely than B.
Answer:
Partnership
Explanation:
A partnership is a business established by two or more people, who are co-owners of the partnership.
Some of the advantages of setting a partnership over a sole proprietorship are:
greater financial capability since all the co-owners invest in the partnership instead of just the sole proprietorthe skills and expertise of the partners can be combinedSome of the advantages of setting a partnership over a corporation are:
Much easier and less expensive to setup and organize A partnership is a more personal business, it's your business, not someone else'sOn December 31, 2018, AAA disposed an Equipment (Cost: $50,000, Salvage Value: $10,000, useful life: 4 years), which was purchased on January 1, 2016. By disposing this equipment, AAA has a , and the amount is___________.
Answer:
A Loss of $10,000
Explanation:
To calculate the depreciation using the straight line method.
Depreciation = Cost - Salvage value/ no. of years
$50,000 - $10,000/ 4 = $10,000
Annual depreciation now is: $10,000
Net book Value (NBV) for the year of disposal i.e 2018 will be:
Cost - Accumulated Depreciation = NBV
$50,000 - $30,000 = $20,000
NBV is $20,000
but was sold for $10,000 which is a loss of $10,000
By disposing of this equipment, AAA has a, and the amount is $15,000.
To determine the loss on disposal, we need to calculate the accumulated depreciation of the equipment up to the date of disposal and then compare the net book value (original cost minus accumulated depreciation) to the disposal proceeds (salvage value).
The equipment was purchased on January 1, 2016, and disposed of on December 31, 2018. This means it was used for 3 full years out of its 4-year useful life.
The straight-line depreciation method is typically used for equipment, which means the depreciation expense is the same for each year of the asset's useful life. The annual depreciation expense is calculated as follows:
Annual Depreciation Expense = (Cost - Salvage Value) / Useful Life
Annual Depreciation Expense = ($50,000 - $10,000) / 4 years
Annual Depreciation Expense = $40,000 / 4 years
Annual Depreciation Expense = $10,000
Since the equipment was used for 3 full years, the accumulated depreciation by December 31, 2018, would be:
Accumulated Depreciation = Annual Depreciation Expense × Number of Years
Accumulated Depreciation = $10,000 × 3 years
Accumulated Depreciation = $30,000
The net book value of the equipment at the time of disposal is:
Net Book Value = Cost - Accumulated Depreciation
Net Book Value = $50,000 - $30,000
Net Book Value = $20,000
The disposal proceeds are equal to the salvage value, which is $10,000.
The loss on disposal is the difference between the net book value and the disposal proceeds:
Loss on Disposal = Net Book Value - Disposal Proceeds
Loss on Disposal = $20,000 - $10,000
Loss on Disposal = $10,000
Marcie works as a salesperson for a major cosmetics manufacturer. She typically begins by approaching potential customers with very expensive products, even though she knows that they will refuse. This refusal makes it easier for Marcie to sell other products which are relatively cheaper by showing consumers that she has been "apparently hurt" by their rejection. This is an example of the _____ sales technique.
Answer:
door in the face sales technique
Explanation:
The door in the face (DITF) sales technique is used when the salesperson purposely makes a large request knowing that it will be rejected, and then following the sales approach by offering a much smaller request that is more reasonable and easily accepted.
For example, you want your parents to buy you a new motorcycle. Instead of asking your parents for a new motorcycle, you ask them to buy you a car. You know that they will probably reject the idea of giving you a car, but after they reject your initial proposal, you ask them to at least buy you a motorcycle. That will seem to be a much more reasonable request.
A "best practice" refers to: a policy or procedure that is unusually effective. a method of performing an activity or business process that consistently delivers superior results compared to other approaches and that at least one company has demonstrated works particularly well in terms of delivering operating excellence. a strategy-critical activity that results in sustainable competitive advantage. a value chain activity that is a company's distinctive competence. a particular value chain activity that management has given top priority to performing in world-class fashion.
Answer:
method of performing an activity or business process that consistently delivers superior results compared to other approaches and that at least one company has demonstrated works particularly well in terms of delivering operating excellence.
Explanation:
Best practice in business is performing the best work possible in order to achieve the company's goals. You have to continuously compare your performance against that of your competition to ensure that your work is among the best in the industry. When your company adopts best practice performance strategies, you become more competitive (e.g. increase sales, reduce costs, improve skills, etc.).
According to the Chapter 9 lecture, where has Industrial Policy been successful?
A. Peru
B. South Korea
C. France
D. South Africa
Answer:
B) South Korea
Explanation:
Even without reading Chapter 9, it is easy to answer the question, South Korea is one of the most successful examples of government sponsored industrial policy. Before the Korean war both Koreas were extremely poor nations, among the poorest in the world. After the war the new government of South Korea sponsored an industrial policy which turned the country into a developed nation with a strong GDP per capita, widespread access to higher education and quality health care, high life expectancy and low infant mortality rate.
Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. By how much and in what direction does GDP change as a result of his efforts?
a. GDP rises by $1,875.
b. GDP is not affected by Scott's production of the jewelry box.
c. GDP rises by $125.
d. GDP falls by $1,875.
Answer:
The answer is B
Explanation:
GDP is no affected by Scott's production of the jewelry box.
GDP is not affected by Scott's creation of a jewelry box for his wife, since it wasn't a market transaction. GDP only includes transactions that result in income.
Explanation:The correct answer is b. GDP is not affected by Scott's production of the jewelry box. The Gross Domestic Product (GDP) is a measure of economic activity within a country. It represents the total value of all goods and services produced over a specific time period within a country's borders. However, GDP only measures market transactions. Since Scott did not sell the jewelry box but made it as a gift for his wife's birthday, this activity does not represent a market transaction and thus does not influence the GDP. Think of it similarly to a hobby that doesn't generate income; it's not considered in GDP calculations.
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Downward Dog Wines had to market its products with a different name in a foreign market as it was mandatory to translate the name into the local language. Which factor has most likely influenced the compulsory change of Downward Dog’s product name in the foreign market in this scenario
Answer:
Legal requirement
Explanation:
When a firm or an organisation tries to enter an international or foreign market, there are few regulations which are compulsory to follow. Legal requirements are usually enforced by the local government to ensure transparency and the rule of law. It is mandatory to change a company's name into the local language before marketing. It is a legal requirement that is mandatory to follow.
The need to respect and adapt to the local culture's norms and values is the most likely reason for the mandatory translation of Downward Dog Wines' product name in the foreign market."
Cultural sensitivity is a crucial aspect of international marketing. The name ""Downward Dog"" may have specific connotations or meanings in the local culture that could be inappropriate or offensive. For instance, if ""Downward Dog"" is a term related to a yoga pose in English-speaking countries, it might not have the same meaning or could be misunderstood in a different cultural context.
To avoid potential cultural insensitivity or misinterpretation, companies often choose to translate or adapt their brand names to better align with the local market's cultural norms and values. This ensures that the product is well-received by consumers and that the brand does not inadvertently offend potential customers.
Other factors such as legal requirements, consumer behavior, and linguistic differences could also influence the need for a name change. However, in this scenario, cultural sensitivity is the most likely factor, as it directly pertains to the appropriateness of the brand name within the local cultural context. Legal requirements typically involve trademark laws or regulations specific to product labeling, which may not necessarily dictate a translation. Consumer behavior and linguistic differences might influence the marketability of the product, but they do not necessitate a compulsory change as cultural sensitivity does.
Austin and Erin are willing to pay $10 and $9, respectively, for a ticket to a screening of a new movie. What is the total consumer surplus for both Austin and Erin if the market price of a ticket is $6?
A) $4
B) $7
C) $9
D) $19
Answer:
B) $7
Explanation:
The computation of the consumer surplus is shown below:
Consumer surplus = Willing to pay - Market price
For Austin, The consumer surplus = $10 - $6 = $4
For Erin, The consumer surplus = $9 - $6 = $3
So, the total consumer surplus = $4 + $3 = $7
Simply we deduct the market price from the willing to pay so that the consumer surplus can be computed
An optimal solution to a linear programming problem MUST lieA. somewhere in the interior of the feasible region.B. somewhere outside of the feasible region.C. at the intersection of at least two constraints.D. somewere on the line between two corner points.
Answer:
C. at the intersection of at least two constraints.
Explanation:
Every linear equation has an objective function, further it has the constraints.
In a linear equation when we find the value of constraints where, the value of at least two constraints shall meet, in order to find the solution.
This provides a solution set as when they intersect there are chances of solution, and accordingly even the objective function is easily achieved.
Accordingly the best set which fulfills the objective function where the constraints are also matching the criteria, there lies a solution set.
Which of the following statements is (are) true of a monopoly?
(i) A monopoly has the ability to set the price of its product at whatever level it desires.
(ii) A monopoly's total revenue will always increase when it increases the price of its product.
(iii) A monopoly can earn unlimited profits.
Answer:
Option (A) is correct.
Explanation:
In a monopoly market condition, there is only one firm in the market and the price of goods and services are set by this firm only. There are large number of barriers or restrictions on the entry of the firms. The firm in a monopoly market conditions is a price maker. The prices of goods and services are generally higher in this market condition. For example, natural gas company, Microsoft and windows, etc.
On April 16, 2018, Rodriguez Corporation reacquired 12,000 shares of its own $10 par stock for $660,000 cash. On November 4, 2019, 1,000 of the treasury shares were reissued at a price of $65 per share. The journal entry to record the reissuance of the 1,000 shares of stock on November 4 includes a:__________.
a) Credit to additional Paid In Capital: Treasury Stock Transactions of $10,000.
b) Credit to Treasury Stock reissued of $65,000
c) Credit to Gain on Treasury Stock transactions of $10,000.
d) Credit to Common Stock of $10,000
Answer:
The answer is a) Credit to additional Paid In Capital: Treasury Stock Transactions of $10,000.
Explanation:
The repurchased price per share in April 16,2018 is equal to: 660,000/12,000 = $55 per share;
Thus, once the reissued of these 12,000 repurchased shared took place, common stock account will be credited at the amount equal to 55 x Number of share reissued. In case the reissued price is higher than $55, the surplus amount will be Credited into Paid-in Common share account to present the difference between cash receipt and common share recorded; in case reissued price is lower than $55, Retained earning account will be debited to present the difference between cash receipt and common share recorded
As a result, the reissued of share on November 4,2019 will include a $10,00 credited to additional Paid In Capital; calculated as (65-55) x 1,000 = $10,000.
Although holding a territory can prove costly in terms of the energetic outlay necessary to defend or advertise the territory, territory ownership imparts benefits that offset those costs. The primary benefit of territory ownership is
Answer:
The primary benefit of territory ownership is "exclusive access to the resources within the territory"
Explanation:
A territory is an area, containing certain resources that is controlled by an individual or a country.
Although it may prove costly to defend a territory from intruders, whoever owns or is in control of the territory has priority over, and unlimited access to, the resources within that territory and can utilize them as he/she chooses.
Ernie wants Harry's car for a weekend. To persuade Harry to let him take the car, Ernie prepares to offer to clean Harry's apartment for three weeks. If he still disagrees, Ernie plans to offer him $35. If this does not work, then Ernie decides he would let Harry stay in his apartment for two weeks. Ernie is engaging in:
A. flexible implementation.
B. agenda determination.
C. adjustable implementation.
D. triple bypass preparation.
E. adaptive planning
Answer:
E.
Explanation:
Based on the information provided within the question it seems that Ernie is engaging in adaptive planning. This term refers to when an individual uses preconceived notions or memories in order to adapt his planning decisions to meet future predicted scenarios. Which seems to be what Ernie is doing by preparing various contingency plans in case his first offering is rejected.
The correct option is E. If this does not work, then Ernie decides he would let Harry stay in his apartment for two weeks. Ernie is engaging in adaptive planning.
Ernie is preparing a series of offers to persuade Harry to let him take the car. He starts with one offer and has subsequent offers ready if the initial ones are not accepted. This approach shows flexibility and adaptability in his planning, as he is ready to change his strategy based on Harry's responses.
Let's analyze the options:
A. Flexible implementation: This term suggests a degree of adaptability in how a plan is executed, but it does not fully capture the sequential and conditional nature of Ernie's offers.
B. Agenda determination: This refers to setting the topics or issues to be discussed or addressed, which is not what Ernie is doing. He is not determining what will be negotiated but rather how he will negotiate.
C. Adjustable implementation: Similar to flexible implementation, this term implies that there is room for modification in the execution of a plan, but it does not convey the strategic and sequential approach Ernie is taking.
D. Triple bypass preparation: This is a medical term referring to a type of heart surgery and is not related to negotiation or planning strategies.
E. Adaptive planning: This term best describes Ernie's approach. He is planning to adapt his offers based on Harry's acceptance or rejection of each. He has a primary plan (cleaning the apartment for three weeks), a secondary plan ($35), and a tertiary plan (letting Harry stay in his apartment for two weeks). This sequence of contingent offers shows a clear strategy of adaptive planning.