Answer:
Sales promotions
Explanation:
Sales promotions are the planned activities that a business takes to stimulate demand and increase sales. In sales promotions, the company applies attractive short-term methods to persuade customers to buy products. Sales promotions mostly target consumers. Businesses may also initiate sales promotion aiming at encouraging traders to sell more.
Techniques used in sales promotion include discount vouchers, money-off-coupons, free samples, and competitions. Wisconsin Cheddar is conducting a sales promotion. The displays, free samples, and discount coupons are meant to encourage customers to buy. Sales promotions are useful in introducing new products in the markets. They help push-up sales volumes, although it could be temporarily.
Moon, a farmer, needs to install a two-thousand-pound piece of equipment in his barn. This will require lifting the equipment thirty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy-duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment; puts the rope through a pulley; and, with a tractor, lifts the equipment off the ground. Suddenly, the rope breaks. The equipment crashes to the ground and is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.
What law has many rules governing warranties of goods?
a. Uniform Transactions Code
b. Uniform Sales Code
c. Uniform Commercial Code
d. Uniform Goods Code
Answer: c) Uniform Commercial Code
Explanation:
it has different articles e.g for sales of goods, warranties and disclaimer (seller assuring buyer of the quality of product). And this is what has transpired between Moon and Davidson
Manning Company purchased a factory for $120,000. The factory included land, a building, and equipment. The land contributes 40.8%, the building contributes 49.6%, and the equipment contributes 9.6% of the factory’s value. How much of the cost should be assigned to the building?
Answer:
$59,520
Explanation:
Data provided in the question:
Purchasing cost of the company = $120,000
Particular Contribution
Land 40.8%
Building 49.6%
Equipment 9.6%
Now,
The cost that should be assigned to the building
= Purchasing cost of the company × Percentage Contribution of Building
= $120,000 × 49.6%
= $59,520
The cost assigned to the building that Manning Company purchased is calculated by multiplying the total cost by the percentage that corresponds to the building, which equals to $59,520.
Explanation:The Manning Company purchased a factory for $120,000, with the building contributing 49.6% of the factory's value. To find out how much of the cost is assigned to the building, you would multiply the total cost of the factory by the percentage that corresponds to the building. In this case, it would be $120,000× 0.496 (49.6% in decimal form) which equals to $59,520. Therefore, the amount of the cost that should be assigned to the building is $59,520.
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Peggy accepts a job offer as an advertising copywriter. Her boss immediately assigns her campaigns for products such as makeup and cleaning products. Peggy asks for different clients, but her boss tells her she should stick to what she and "her kind" know best. Peggy is experiencing: A. Sexism B. Homophobia C. Masochism D. Sexual orientation
Answer:
Sexism
wich is a discriminatory attitude of someone who underestimates people of the opposite sex.
It also distinguishes betwen the 2 sex
Peggy is experiencing Sexism, a form of discrimination where one is treated unfairly because of their sex or gender. The boss implies women should stick to topics they allegedly know best, thus suggesting limited knowledge and capability, which is clearly sexist.
Explanation:In the scenario described, Peggy is experiencing Sexism. Sexism is a discriminatory behavior where a person or group is unfairly treated based on their sex or gender. This frequently manifests in the workplace and can take many forms. In this case, Peggy's boss suggests that because she is a woman, she should only work on campaigns for products typically associated with women - such as makeup and cleaning products. His comment suggesting she stick to what 'her kind' know best, implies he believes women are only capable or knowledgeable about certain subjects, which is a clear case of sexism.
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Suppose individuals wish to obtain the most accurate comparison of living standards between the US and Saudi Arabia. To do so, one would convert Saudi Arabian output into dollars using__________.
A) the current nominal exchange rate.
B) the current real exchange rate.
C) the prior year's real exchange rate.
D) an average of the last five years' exchange rates.
E) purchasing power parity methods.
Answer:
Purchasing power parity methods
Explanation:
Purchasing power parity (PPP) method compares the productivity and the standards of living between countries by using the 'basket of goods approach'. The basket approach implies a determination of the quantity of money needed to purchase a common unit(basket) of goods and services in different countries. Two countries will be said to be at par if a 'basket of goods' costs the same considering the exchange rates.
Cost of living and the inflation rate in a country determine the purchasing power of its currency. Purchasing power parity attempts to equalize different currencies by considering inflation and purchasing power in each country.
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
a) Other taxes are typically used to cover general spending, but funds from corrective taxes can only be used to alleviate pollution
b) Corrective taxes bring the allocation of resources closer to the social optimum, and thus improve economic efficiency
c) Other taxes get passed on from businesses to consumers, whereas corrective taxes do not
d) Correct taxes alter incentives, whereas other taxes typically do not.
Answer:
The correct answer is option B.
Explanation:
A corrective tax is a policy used by the government to decrease negative externality. It is different from negative externality in the sense that it brings allocation of resources closer to the socially optimal level.
The imposition of tax on a product increases the cost of production of a commodity. This increase in the cost of production will cause the production of the product to decrease. As a result, a fewer quantity of the product causing externality will be produced.
So negative externality will be reduced and the economy will move closer towards economic efficiency.
Suzanne is excited about a Black Friday sale in which big-screen TVs are advertised for only $400. However, when she gets to the store, they tell her that they ran out of these "special price" TVs and now only have the same TV but for $800 instead. Suzanne is disappointed, but still agrees to the higher priced item. Which persuasion technique is at play in this example?A. a fear appealB. foot-in-the-doorC. the lowball techniqueD. door-in-the-face
When pay is made public, people evaluate how equitable their pay is in light of the pay other people are receiving. The problem in this case is that Dwight and Guillermo have found out that others are getting paid more than they do for the same work. What are they likely to do under these circumstances? Check all that apply.
A. Try to convince the coach to give them more money
B. Come to more practices
C. Quit the team
D. Attend fewer practices
Answer:
A , C, D
Explanation:
Answers:
A: Try to convince the coach to give them more money
C: Quit the Team
D: Attend fewer practices
When pay is made public, people assess the fairness of their pay relative to others. Dwight and Guillermo may try to convince the coach for a raise, attend more practices, or quit the team if they perceive the pay inequality as unjust.
Explanation:When pay is made public, people evaluate the equity of their pay in comparison to others. In the case of Dwight and Guillermo finding out that others are getting paid more for the same work, there are a few possible reactions:
Try to convince the coach to give them more money: They may approach the coach and present their case for a raise. Come to more practices: They may believe that attending more practices will demonstrate their commitment and performance, potentially influencing their pay. Quit the team: If they feel strongly about the inequity, they may decide to leave the team. Learn more about Pay equity here:
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Pavers Inc. contracts to buy some heavy equipment from Earthmovers, Inc. Before either party performs, Earthmovers sells its assets to Excavation Corporation. On learning of the sale, Pavers is concerned about its contract with Earthmovers. Pavers should:
Answer:
Pavers should demand some assurance of performance from the seller.
If Excavation only bought Earthmovers assets and not the whole company, then Pavers should request Earthmovers to give assurance of performance.
The problem that Pavers faces is that when companies only sell their assets and not the whole company, they usually do it because their liabilities are too high and it's not certain that they will keep operating. That way the buyer (Excavation) gets the assets and the seller (Earthmovers) the liabilities.
Pavers Inc. should review the contract for assignment clauses, seek written assurance from Excavation Corporation, consult a lawyer, and monitor performance to protect its interests after Earthmovers sells its assets.
Pavers Inc. has a legitimate concern regarding its contract with Earthmovers, Inc., especially after Earthmovers sells its assets to Excavation Corporation. In contract law, this type of scenario involves the assignment of rights and delegation of duties to another party. It is important for Pavers to know that unless the contract explicitly prohibits assignment, Excavation Corporation can assume Earthmovers' contractual obligations.
Here are the steps Pavers Inc. should take:
Review the Contract: Check for any clauses that address assignment and delegation. If there are restrictions, Earthmovers might be in breach.Seek Written Assurance: Pavers should request written confirmation from Excavation Corporation that they will honor all terms of the original contract.Consult a Lawyer: It’s advisable for Pavers to consult with a legal expert to explore their rights and remedies under the contract.Monitor Performance: Ensure that Excavation Corporation performs as stipulated in the contract. Document any deviations or failures to perform.By following these steps, Pavers can protect its interests and ensure that the contracted terms are fulfilled even after the sale of assets.
Only people that earn wages from an employer must complete a tax return.
True
False
The given statement is false.
The following information should be considered:
In the case when a person earns or not earning it is compulsory to file the tax return. As it is a necessary thing which need to follow.Therefore we can conclude that The given statement is false.
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Suppose that under your health insurance policy, hospital expenses are subject to a $1,500 deductible and $300 per day copay. You get sick and are hospitalized for 5 days, and the bill (after insurance discounts are applied) comes to $7,000. How much of that hospital bill will you have to pay yourself
Answer:
$3,000
Explanation:
The patient is responsible for paying the deductible (amount of money the insured has to pay before the insurance company starts paying) and the daily copay (fixed amount that the patient has to pay):
deductible: $1,500
5 days copay: 5 x $300 = $1,500
total = $1,500 + $1,500 = $3,000
In 2012 one dollar bought 100 yen. Assume that today one dollar buys 150 yen. An investor residing in the U.S. bought 100 shares of a Japanese company in 2008. Today the investor sold those Japanese shares. The price of each share did not change over that time period. However, the currency value changed.Did the U.S. investor in Japanese stock make or lose money over that time?
Answer: loss
Explanation:
assuming the price of the shares in the japanese company in 2008 is 1 yen to i shares which totals 100 yen.he bought it for a dollar. in the recent market the exchange is now 150 yen to 1 dollar. i.e 100 yen wud be equal to 0.6 dollars .
Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so that velocity will be fairly ________ in the short run.
A) rapidly; erratic
B) rapidly; stable
C) slowly; stable
D) slowly; erratic
Answer:
C) slowly; stable
Explanation:
Velocity is defined as the rate of turnover of money.
Velocity = Nominal aggregate income / money supply
Irving Fisher posited that the factors that affect velocity are institutions that impact how transactions are conducted. According to him, institutional factors that affect the velocity of money change slowly. Therefore, in the short run, velocity is fairly stable.
The correct answer to the student's question is C) slowly; stable, reflecting Irving Fisher's view on the change in velocity of money over time being gradual, contributing to its stability in the short run.
Explanation:Irving Fisher took the view that the institutional features of the economy which affect velocity change slowly over time so that velocity will be fairly stable in the short run. The correct answer is C) slowly; stable. This perspective aligns with the idea that in the short run, velocity can be quite unpredictable and the stability of velocity in the long run is a key assumption of the Quantity Theory of Money. Despite this, the experiences in the 1980s through the 2000s showed that the velocity of M2 varied, leading to debates about the predictability and stability of velocity as a measure and thus its impact on monetary policy decisions. Monetarists claim that while velocity can be erratic in the short term, in the long term it tends to stabilize.
What are the benefits of having strong corporate governance?
a. Managers and employees fear for their jobs; fear improves productivity.
b. There are no benefits to corporate governance, which is seen as an unneeded expense.
c. The ability to be strategically competitive and perform without risk of being ethically or legally exposed. d. One person has a large amount of power to make actions as quickly and riskily as necessary.
Answer: Option (C)
Explanation:
Here, from the given options the correct option is (C). Corporate governance is referred to as the system or method through which organizations are both directed by the employees at the top hierarchy and thus controlled by the shareholders. There are several benefits of having a strong corporate governance, the option (C) is one of them. Since the strong corporate governance induces the capability of performing strategically especially against the competition.
Grace is a manager in a medical office. It seems that every year when she evaluates employees for wage increases, Kevin and Taneesha always receive raises, while most other employees do not. The other employees accuse Grace of having favorites, and believe Kevin and Trisha are unfairly rewarded. Grace feels Kevin and Taneesha deserve their raises, and that she makes that determination based on facts, not on whom she favors. How can Grace best convince her other employees that she is being fair in her determinations?A) pick a different person at random each year to receive a raiseB) post the criteria she will use to determine raise recipients at the beginning of each yearC) explain that raises will be determined by a new process that will be kept secret from everyoneD) disqualify Kevin and Taneesha from receiving raises for the next three yearsE) post the criteria she used to determine raises after recipients are announced
Answer:
(B) post the criteria she will use to determine raise recipients at the beginning of each year
Explanation:
Based on the story, Grace has to be fair with the assessment of her team. She should let her workers know her criteria, so that they would understand what type of performance is expected from the company, and how only those that can achieve it will receive wage increases. This would create a better atmosphere between her employees and foster healthy competition rather than the current suspicion that permeates now.
To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. The service is called__________.
Answer: Debt Factoring
Explanation: Debt factoring is when a company sells it's outstanding accounts receiveable to a financial organization who will then collect this debt on the company's behalf. This financial organization will then pay the company the portion of the total debt it is able to collect, minus it's portion it charged the company as a fee.
This service usually occurs on difficult outstanding debtors, and the company is aware that it will not receive the total debt that it sells to the financial organisation, i.e. certain debt will be written off as bad debt.
Factoring is the service where a company sells its accounts receivable to a financial organization to reduce the cost and time spent on collections, while also improving cash flow.
Explanation:To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. This service is called factoring. Factoring allows a company to receive immediate cash for its receivables, which can be important for cash flow management, especially for small or growing businesses. This arrangement may also include the financial organization taking over the task of collecting on the receivables, thus saving the company time and administrative costs associated with collections. In the context of financial services and credit management, factoring is an essential tool for companies that need to manage their accounts and maintain healthy financial operations.
Mandy and Timothy exchange equipment in a like-kind Exchange. Mandy receives equipment with a fair market value of $28,000 and transfers equipment worth $20,000 (adjusted basis of $14,000) and cash of $8,000. What is Mandy’s realized and recognized gain?
Answer:
Realized gain of Mandy will be $6000
Explanation:
We have given Mandy receives equipment with a fair market value of $28000
Adjusted basis = $14000+$8000 = $22000
We have to find the Mandy realized gain
So Mandy realized gain is given by
Realized gain = market value - adjusted basis = $28000 - $22000 = $6000
So the realized gain of Mandy will be $6000
Your boss asks you to email a spreadsheet that shows what the company owns and what it has borrowed (owes) at a fixed point in time and shows the net worth of the business. When sending the email, you MOST LIKELY will attach the file named ________.
Answer:
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Explanation:
Balanced sheet
A balance sheet is an annual report of finance that accounts at a particular time on the funds, debts or on equity of any corporation and lays the foundation of calculations for calculating return rates and determining its financial performance of the company.
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Answer: balance sheet
Explanation: In simple words, balance sheet refers to the financial statement that is prepared by the organisation to depict its market position at a specific point of time, generally at the end of the year.
In balance sheet, the accountant shows the amount of assets that a company owns at that point of time, and the liabilities and capital in the business.
In the given case, the boss wants us to show how much a company owns and owes at a fixed point. Hence we can depict that by using balance sheet.
In 2016, Sarah (who files as single) had silverware worth $10,000 (basis $6,000) stolen from her home. Sarah's insurance company told her that her policy did not cover the theft. Sarah's other itemized deductions last year were $2,000. She had AGI of $30,000 last year. In August of 2017, Sarah's insurance company decided that Sarah's policy did cover the theft of the silverware and they paid Sarah $5,000. Determine the tax treatment of the $5,000 received by Sarah during 2017.
a. $5,000 should be included in gross income.
b. Last year's return should be amended to include the $5,000.
c. None of the $5,000 should be included in gross income.
d. $2,900 should be included in gross income.
e. None of these choices are correct
Answer:
C) None of the $5,000 should be included in gross income.
Explanation:
During 2016, Sarah's itemized deductions (other than the stolen silverware) were only $2,000. If Sarah wanted to deduct the stolen silverware, she could have taken a casualty loss = $6,000 - $100 - $3,000 = $2,900. Her total itemized deductions would equal $2,000 + $2,900 = $4,900.
But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.
Final answer:
Option D is correct: $2,900 of the $5,000 reimbursement Sarah received in 2017 should be included in her gross income as it represents the amount previously deducted and provided a tax benefit in the prior year.
Explanation:
The tax treatment of the $5,000 received by Sarah due to the theft of her silverware, which was initially not covered by her insurance in 2016, should be assessed based on the tax rules concerning recoveries. When Sarah had her silverware stolen, she likely took a casualty loss deduction for the theft, reducing her taxable income.
The amount of the loss would have been the lesser of the silverware's adjusted basis ($6,000) or its fair market value ($10,000), minus insurance reimbursements and a $100 reduction. As Sarah did not receive any insurance reimbursement in 2016, and given her AGI was $30,000, the loss would be subject to a further reduction of 10% of her AGI. Therefore, the deductible loss would calculate as follows: ($6,000 - $100) - ($30,000 x 0.10) = $4,900.
In 2017, Sarah received a reimbursement of $5,000. According to U.S. tax law, if a taxpayer receives reimbursement in a year subsequent to the deduction, the taxpayer must include the reimbursement in gross income to the extent it provided a tax benefit. Since the entire $4,900 provided a tax benefit last year, only that portion of the $5,000 reimbursement is reportable as income. The remaining $100 is not included because it did not provide a tax benefit.
Therefore, option D is correct: $2,900 should be included in gross income.
If Stan and Marcus, a new trainee at the manufacturing plant, are working together to resolve an issue on the line, they would be using joint problem solving as a means of transferring Stan's tacit knowledge to Marcus.A. TrueB. False.
Answer:
TRUE
Explanation:
Working together, both sides can share ideas and knowledge to generate an optimizing result. In the narrated case, Stan was already a company employee and Marcus is a trainee. Thus, Stan is expected to have accumulated knowledge about the characteristics of the type of project they are working on. Thus, it is natural and expected that Stan will transfer tactical knowledge to Marcus. However, this does not prevent Marcus from giving suggestions for improving plant processes. Thus, together they can produce a more efficient result for the factory.
Company C has a machine that, working alone at its constant rate, processes 100 units of a certain product in 5 hours. If Company C plans to buy a new machine that will process this product at a constant rate and if the two machines, working together at their respective constant rates, are to process 100 units of this product in 2 hours, what should be the constant rate, in units per hour, of the new machine?
A. 50
B. 45
C. 30
D. 25
Answer:
C. 30
Explanation:
If the first machine processes 100 units in 5 hours,
Number of units in 1 hour = 100/5
= 20 Units
In 2 hours, this machine would process
= 2 × 20
= 40 Units
Therefore where there are 100 units to be processed in 2 hours, the first machine would process 40 units in the given time
The new machine would have to process the remaining
Number of units to be processed by new machine
= 100 - 40
= 60 Units
If the machine is to process 60 units in 2 hours, constant rate, in units per hour, of the new machine
= 60/2
= 30 units per hour
Danny's boss is apathetic to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny's job?
A) low risk taking
B) high outcome orientation
C) high attention to detail
D) low aggressiveness
E) high stability
Answer:
B) high outcome orientation
Explanation:
For high outcome orientation organizational cultures, the final results are the most important thing. High achievement is very valued, and the actions taken to fulfill the goals are secondary. Only the final outcome counts.
This type of organization is usually more effective than means oriented organizations (where how work gets done is more important).
Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use the building as-is for operations but immediately razes the shed at a cost of $5,000 minus scrap recovery of $1,000. A recent tax appraisal of the property allocated $100,000 to the land and $400,000 to the building. In the entry to record the acquisition of the property,
at what amount will Castille debit Land?
a. $124,000
b. $120,800
c. $120,000
d. $100,000
Answer:
b. $120,800.00
Explanation:
Cost of the land $ 600,000/-
Associated expenses:
Razing down the shed: $ 5000
income from scrap: $ 1000
Total expenses $ 4000
The total cost of land =600,000+4000= $ 604,000
Tax allocation: land and building $ 500,000
land allocation will be: 100,000/500,000 x$ 604,000
=0.2x604,000
=$120,800.00
The market researchers at HoneyCamp Foods gather daily sales data and sort it by product line and region. With the help of sophisticated tools and techniques, they develop the data needed by marketing managers to evaluate the market share of the company's different products and also to gain valuable market insights. This mix of people and procedures at HoneyCamp Foods that generate actionable marketing insights represents a(n)_____________.
Answer:
Marketing information system.
Explanation:
By the definition of renowned marketing scholar Philip Kotler, a marketing information system is an information system that collects, selects, and analyzes relevant information to support the decision-making process of marketers.
This system functions as a cycle that systematizes internal and external organizational data to provide alternatives and determine future trends that may aid marketing team decision making.
Neue Inc reports net income of $500,000; during the year, the company declared $100,000 in preferred stock dividends and had an average of 250,000 shares of common stock outstanding. Earning per share rounded to the nearest cent will be:
Answer:
1.60
Explanation:
($500,000 - $100,000)/250,000
If the average of 250,000 shares of common stock outstanding the earning per share is $1.60.
Using this formula
Earnings per share (EPS) =Net income -Preferred stock dividend )/Average shares of common stock outstanding
Where:
Net income=$500,000
Preferred stock dividend=$100,000
Average shares of common stock outstanding=250,000
Let plug in the formula
Earnings per share (EPS) =($500,000-$100,000)/$250,000
Earnings per share (EPS) =$400,000/$250,000
Earnings per share (EPS) =$1.60
Inconclusion the average of 250,000 shares of common stock outstanding the earning per share is $1.60.
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The _____, authorized by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is charged with writing and enforcing rules covering consumer financial products and services including mortgages, credit cards, payday loans, loan servicing, check cashing, debt collection, and others.A. Consumer Product Safety CommissionB. Consumer Financial Protection BureauC. American Federation of LaborD. Bureau of Public Debt
Answer: B. Consumer Financial Protection Bureau
Explanation:
The Consumer Financial Protection Bureau was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 and was a response to the 2007-2008 financial crisis which was followed by great recession. They are responsible for consumer protection in the finance sector and their functions include; writing and enforcing rules and regulations covering consumer financial products and services including mortgages, credit cards, payday loans, loan servicing, check cashing, debt collection etc.
A maple sugar manufacturer wants to estimate the average trunk diameter of Sugar Maples trees in a large forest. There are too many trees to list them all and take a SRS, so he divides the forest into several hundred 10 meter by 10 meter plots, selects 25 plots at random, and measures the diameter of every Sugar Maple in each one. This is an example of a _______.
a. multistage sample
b. stratified sample
c. simple random sample
d. cluster sample
e. convenience sample
Answer:
d. cluster sample
Explanation:
Cluster sampling is characterized as a sampling method which various clusters of individuals are generated from a population where they are representative of homogeneous features and have equal opportunities to be component of the sample.
A simple random sample is generated from the various clusters in the population in this sampling method.
The sampling method where the forest is divided into plots and a random selection of those plots have every Sugar Maple measured is an example of cluster sampling.
Explanation:The situation you've described, where a maple sugar manufacturer divides a large forest into several hundred 10 meter by 10 meter plots and then selects 25 plots at random to measure the trunk diameter of every Sugar Maple in each one, is an example of a cluster sample. In cluster sampling, the population is divided into clusters (in this case, the 10m x 10m plots), and a random selection of these clusters is made. All members (Sugar Maple trees, in this situation) within the chosen clusters are then studied. This method is different from a simple random sample (SRS) where each individual in the population has an equal chance of being selected, and different from a stratified sample which involves dividing the population into strata and sampling each stratum proportionally.
After reviewing the Law of Diminishing Marginal Returns, an economist would correctly conclude that in the short run: total production must fall after a certain point. price must fall after a certain point on the production function. the additional output of labor will eventually decrease as more workers are hired. wages of workers must eventually increase. the total cost will eventually fall after enough workers have been employed.
Answer:
The correct answer is: additional output of labor will eventually decrease as more workers are hired.
Explanation:
The law of diminishing return states that keeping other things constant if we go on increasing the quantity of one input, the marginal returns from that input will go on declining.
In other words, if we go on hiring an input the increase in output because of each additional input employed will go on declining.
For instance, keeping other things constant we go on hiring more and more workers the marginal product of workers or additional output created by each worker will go on declining.
Of the following, which most closely describes the method by which companies engage and create benefits for their customers?
A. Supply chain
B. Value delivery network
C. Marketing channel
D. Customer relationship management
E. Channel level
Answer:
D. Customer relationship management
Explanation:
Customer relationship management is the approach that companies use to interact with its customers and this approach analyze customer interactions to improve its relationships with them and create benefits for their customers, As this leads to increased sales and profits.
Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of which resource management activity ?
A. Acquiring, storing, and inventorying resources
B. Qualifying, certifying, and credentialing personnel
C. Planning for Resources
D. Identifying and Typing Resources
Answer: Option C
Explanation: In simple words, planning for resources refers to the activity of NIMS of management which helps in making strategies for resource management. Stock pilling resources and Mutual aid agreements are some of the many examples of it.
In planning for resources under mutual aid agreements two different countries agrees to exchange their resource in such a way that the utility from such resources could be derived to maximum.
Hence from the above we can conclude that the correct option is C .
The activity of establishing mutual aid agreements to obtain resources from neighboring jurisdictions is known as Planning for Resources. This part of resource management involves preparing for the resources that may be required in different situations and making formal arrangements with other organizations or jurisdictions for mutual assistance.
Explanation:Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of the resource management activity known as C. Planning for Resources. This entails preparing in advance for the resources that may be required in specific situations. In this context, 'resources' can refer to anything from personnel and equipment to supplies and facilities.
An integral part of resource management involves knowing what resources are available, where they are located, and how to obtain them. Mutual aid agreements are a method used to ensure resources are accessible when needed. They typically involve formal arrangements between organizations or jurisdictions to assist one another on a reciprocal basis.
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Jaffar (Jeff) Tabrizi is the owner and president of Tabrizi Oriental Rugs located in Toronto, Canada. He personally shops the world over, handpicks and orders authentic and beautiful handmade rugs, which he has shipped to Canada, where he sells them through his brick-and-mortar stores and through his www.tabrizi.com website. In terms of the marketing channel, Jeff is acting as a(n). a. consumer b. agent c. wholesaler d. brokerage firm e. middleman
Answer:
Jeff is acting as a "middleman"
Explanation:
A middleman acts as a link between producers and retailers or consumers. He delivers goods to the consumers at the right place and time.
Jeff, by shopping for handmade rugs all over the world and then selling in his stores and on his website, is acting as a "middleman" between the producers of the rugs and the consumers.