The answer is true.
While talking to a customer you can use either words to represent what your trying to sell or present.
In a retail context, 'product' and 'merchandise' are often used interchangeably. However, while all merchandise is a product, not all products are merchandise.
Explanation:True, in the context of retailing, the terms 'product' and 'merchandise' are often used interchangeably. However, it's important to note that there can be subtle differences depending on the context. 'Product' generally refers to anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. On the other hand, 'merchandise' refers more specifically to goods that are bought and sold in business. So while all merchandise is a product, not all products can be considered merchandise (such as services).
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what are the four pillars of democracy
The four pillars of democracy are crucial components of democratic governance and ensure the functioning of a democratic society.
The four pillars of democracy are:
A system for choosing and replacing the government through free and fair elections;Active participation of the people, as citizens, in politics and civic life;The protection of human rights of all citizensA rule of law in which ,,the laws and procedures apply equally to all citizens.These pillars are essential components that uphold democratic governance and ensure the functioning of a democratic society.
Suppose 1 in 200 pilots flying space-x aircraft dies each year while only 1 in 500 pilots flying subspace gliders dies each year. moreover, the average salary of space-x pilots is $115,000, while the average salary of subspace glider pilots is $109,000. given this information, what is the implied statistical value of a life of a pilot?
a. $120,000
b. $1,200,000
c. $2,000,000
d. $6,000
e. $480,000
The implied statistical value of a pilot's life given the data provided is $7,500,000, which is not included in the options provided in the question.
Explanation:The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.The question asks about the implied statistical value of a life of a pilot, given certain death rates for different types of pilots and their respective average salaries. This type of calculation is often used in economics and insurance industries to establish how much value is ascribed to a single human life, based on various statistical and financial factors.To find the implied statistical value, we need to understand how many more dollars a Space-X pilot is paid compared to a Subspace glider pilot, divided by the additional risk they bear. The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.
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In 2003 the presidents of the african countries of mali and burkina faso requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage. argued that free trade was not a policy that developing nations would find it wise to follow. said that at their current stage of development that most of the principles of market economies were not practical. none of the above is correct.
Yoonie is a personnel manager in a large corporation. each month she must review 16 of the employees. from past experience, she has found that the reviews take her approximately four hours each to do with a population standard deviation of 1.2 hours. let χ be the random variable representing the time it takes her to complete one review. assume χ is normally distributed. let 9 o be the random variable representing the mean time to complete the 16 reviews. assume that the 16 reviews represent a random set of reviews. 1. what is the mean, standard deviation, and sample size? 2. complete the distributions.
a. x ~ _____(_____,_____)
b. 9 o ~ _____(_____,_____)
Answer:
Sample size is 16
Mean 4
Standard deviation of the sample is 0.3.
Explanation
The Central Limit Theorem estabilishes that, for a random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], a large sample size can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\frac{\sigma}{\sqrt{n}}[/tex].
In this problem, we have that:
The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.
So
The sample size is 16, so [tex]n = 16[/tex]
The mean of the sample is the same as the population mean, so [tex]\mu = 4[/tex].
The standard deviation of the sample is [tex]s = \frac{\sigma}{\sqrt{n}} = \frac{1.2}{4} = 0.3[/tex]
Type i rooms do not have high-speed wireless internet access and are not available for the business rental class. round tree's management makes a forecast of the demand by rental class for each night in the future. a linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. the demand forecast for a particular night is 120 rentals in the super saver class, 65 in the deluxe class, and 50 in the business class. round tree has 100 type i rooms and 110 type ii rooms.
Final answer:
Round Tree's management uses a linear programming model to determine how many reservations to accept for each rental class in order to maximize profit.
Explanation:
The linear programming model developed by Round Tree's management is used to determine how many reservations to accept for each rental class in order to maximize profit. However, Type I rooms do not have high-speed wireless internet access and are not available for the business rental class. Therefore, the demand forecast for the Type I rooms is not considered in the model.
The demand forecast for a particular night is 120 rentals in the Super Saver class, 65 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 110 Type II rooms.
To determine how many reservations to accept for each rental class, Round Tree's management would need to consider the availability of Type II rooms and the demand forecast for each rental class. They would then allocate the available rooms based on the demand to maximize profit.
A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?
A) an interpreter and a tour guide
B) a chef and a travel agent
C) a hotel manager and a ticket taker
D) an event planner and an airport worker
yes, the answer is A. on E d g e n u i t y! just verifying
Personal allowances worksheet is what type of document?
Which of these is not a typical application of investors' money
What is the origin of the term “to post” advertisements?
Colonial merchants once nailed advertisements on posts in front of their stores.
Advertisements were originally sent through the post office.
Post and Company of Massachusetts was the first advertising agency.
None of the above
What assumption is made with supply-side economics?
A. Tax cuts will stimulate the economy, eventually bringing in more tax revenue.
B. Tax cuts will slow inflation, keeping prices down.
C. Increased federal spending will stimulate the economy, bringing in more tax revenue.
D. Increased federal spending will slow inflation, bringing prices down.
Hillary wants to purchase a refrigerator on credit. if she uses an installment plan, what is most likely to occur? a discounted price on her purchase will not be offered. taxes will not be charged. a down payment will be required. by law, finance charges on her account cannot exceed 20 percent of the purchase price.
Automatic stabilizers stabilize the level of real gdp because
What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?
One of the requirements of a computer that can support artificial intelligence (ai) is that it should be able to _____.
A _____ is a strategy for expanding capacity that waits until demand has increased to a point where additional capacity is necessary.
a. capacity lead strategy
b. capacity reduction strategy
c. capacity match strategy
d. capacity lag strategy
The strategy that waits to expand capacity until after demand has increased to a point where more capacity is required is called a capacity lag strategy.
Explanation:In response to the question, the strategy for expanding capacity that waits until demand has increased to a point where additional capacity is necessary is known as a capacity lag strategy. This strategy aligns with entrepreneurship and business growth, whereby organisations only increase their production abilities when there is a high demand for their product or service. This is to prevent unnecessary spending on production when there isn't enough demand to make that production profitable.
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A capacity lag strategy is a business approach where a company expands its production capacity only when there is a clear increase in demand, as opposed to investing ahead of time.
The strategy for expanding capacity that waits until demand has increased to a point where additional capacity is necessary is known as a capacity lag strategy. Unlike an over-investment strategy, which involves creating excess capacity ahead of time as a signal or deterrent to potential competitors, a capacity lag strategy does not incur the cost of expanding production until it is justified by increased demand. This strategy is often in contrast to capacity lead strategies where investments are made in anticipation of future demand. Given these considerations, the correct answer is: d. capacity lag strategy.
Why are many companies so concerned about brand management? companies use brand management
a. to eliminate excess capacity and earn economic profits in the short run.
b. to collude with other firms and earn economic profits in the long run.
c. to maintain product differentiation and earn economic profits in the short run.
d. to produce a product identical to that of competitors and create network externalities in the short run.
e. to achieve productive efficiency and maximize economic surplus in the short run?
what is the main difference between the roles of state and federal judges and other elected officials
The main difference is that A state judge only handle cases that happen within one state while the federal judges could handle all cases that happen from all over the states.
Another difference is that the federal judges could review a certain law and consider it as 'unconstitutional'. This make the law cannot be passed. The state judge does not possess this power.
Which pair of accounts follows the rules of debits and credits in relation to increases and decreases in the opposite manner? cash and accounts receivable service revenue and sales revenue salaries expense and unearned revenue inventory and depreciation expense common stock and retained earnings?
You volunteer to participate in a game in which you are told that you and another participant, whom you will never meet but is playing nearby, must each make a decision: either you cooperate and benefit both of you, or you defect and benefit only yourself. depending on what you and the other person choose, you stand to receive a certain amount of money. you are participating in the ________ game.
Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected useful life is five years, and the expected salvage value of the equipment is $5,000. what is the book value of the equipment on december 31st, 2018, if voltage uses the double-declining-balance method?
a.$34,000
b.$51,000
c.$54,400
d.$30,600
By using the double-declining-balance method of depreciation, the book value of the equipment on December 31, 2018, is calculated to be $30,600.
Explanation:The double-declining-balance method is a form of accelerated depreciation method where an asset loses its value faster in the early years of its lifespan. The formula involves doubling the straight-line depreciation rate. In this case, the book value of the equipment is calculated as follows:
Determine depreciation expense for the first year by taking the cost of the equipment, $85,000, and multiply it by the double of the straight-line rate (1 / 5 years = 20%, so 20% x 2 = 40%).Subtract this depreciation expense from the cost of the equipment, which gives the book value at the end of the first year: $85,000 - ($85,000 x 40%) = $51,000.For the second year (2018), repeat the process, but use the book value at the end of the first year as the new basis: $51,000 - ($51,000 x 40%) = $30,600.So the book value on December 31, 2018, is $30,600.
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Outlining reasons why the customer's concern is not right is it effective
________ is crucial for high-priced, consumer products such as homes and cars.
Below is a chart representing portions of résumés from three applicants.
Excerpts from Résumés of Three Job Applicants
Job Expertise
Applicant 1
Developed effective techniques for keeping order in the classroom
Applicant 2
Effectively designed a program for new employees
Applicant 3
Took many courses in child psychology and human development
Which best explains the applicants’ careers?
Applicant 1 would be best in Administration.
Applicant 2 would be best in Teaching.
Applicant 3 would be best in either Teaching or Professional Services.
Applicant 2 would be best in Administration or Professional Services.
Answer:
c
Explanation:
A loan officer will use _____ to determine if you will be approved for a loan.
A. the four Cs of lending
B. the formula, P x (J / (1 – (1 + J)N))
C. debt-to-income ratio
D. a lease
A loan officer uses the four Cs of lending and the borrower's debt-to-income ratio to determine loan approval. Factors like income, credit history, and the potential for collateral or a cosigner are also considered.
A loan officer will use the four Cs of lending, which include character, capacity, capital, and collateral, and the debt-to-income ratio to determine if you will be approved for a loan. The debt-to-income ratio is calculated by dividing your monthly debt payments by your gross monthly income, which helps lenders measure your ability to manage loan payments. For example, a 43 percent debt-to-income ratio is typically the highest a borrower can have to qualify for a Qualified Mortgage, as higher ratios are associated with an increased likelihood of payment difficulties.
Additionally, lenders in the financial capital market require borrowers to fill out income source forms and conduct credit checks, sometimes requiring cosigners or collateral that the bank could seize and sell if the loan is not repaid. Therefore, multiple factors determine loan approval, not just a single formula or variable.
A good leader will have followers who_____.
When using the overview module to learn about your metrics data in hootsuite analytics, it automatically analyzes both the time period you select and the corresponding time period before that. for example, if you select the previous 7 days, overview will automatically pull data from the previous 14 days. why would this be a benefit?
Comparing two consecutive time periods in Hootsuite Analytics helps identify trends and shifts in engagement, allowing for better strategic decisions. It provides context on performance and the effectiveness of recent changes. Additionally, it helps in identifying issues and rectifying them promptly.
Using the overview module in Hootsuite Analytics to compare your metrics data over two consecutive time periods provides valuable context for your performance.
By analyzing both the selected time period and the corresponding previous period, you can identify trends, patterns, and shifts in user behavior or engagement.For example, if you select the previous 7 days, Hootsuite will automatically gather data from the previous 14 days, allowing you to see if there has been an increase or decrease in engagement over time. This comparative analysis can help you assess the effectiveness of recent campaigns or changes in strategy.Additionally, understanding trends over time can be critical for strategizing future actions. For instance, if you notice a significant drop in engagement compared to the prior week, you might investigate further to uncover potential causes and rectify the issues.Select the correct answer from the drop-down menu.
What is comprised by frictional and structural unemployment?
`
Frictional and structural unemployment comprise {Blank} unemployment.
A) Equilibrium
B) Economic
C) Factual
Answer: A) Equilibrium
Explanation:
Frictional and structural unemployment comprise equilibrium unemployment, which is also known as the natural level of unemployment and occurs even with the real wage at its market-clearing level.
Entry-level jobs usually pay:
APEX>>> HOURLY WAGE YOUURE WELCOMe
A balanced scorecard approach creates goals in four key performance areas and assesses ________.
what is the term for fees that must be paid to the lender before a check for purchase can be released?
a. home fees
b. nonrecurring fees
c. closing costs
d. recurring fees
Answer: CLOSING COST
Explanation: APEX