Confused positioning occurs when "a product is positioned by claiming too many benefits, or worse, benefits that are contradictory", as by the product benefits.
The product benefits are those benefits which is experienced by the consumer or customer when use the goods or services and the consumer interacting with that goods or services.
The product benefits have three main benefits which are the increase in revenue, updating the existing goods or services and reduces the defect and improve its quality to make better use in the designed production.
That's why, Confused positioning occurs when a product is positioned by claiming too many benefits, or worse, benefits that are contradictory.
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what is the future value of a series of payments of $6,000 each, at the end of 8 years, at 6% compounded annually? first payment occurred at end of year 1.
Together at end of 8 years, with 6% compound interest per year, the valuation of a string of Eight installments of $6,000 each is $8,921.66.
What does "compound" mean?To combine into a single unit; combine: to mix medications to create a new medication. to create anything by putting pieces, things, etc. together; construct: to combine elements of many previous ideas to create a new one.
The compound interest formula can be used to determine the future worth of a sequence of payments:
FV = PV (1 + r/n)^(nt)
Where:
FV = future value
PV = present value (in this case, $6,000)
r = annual interest rate (6%)
n = number of times compounded per year (annually, so n = 1)
t = number of years (8 years)
So,
FV = $6,000 * (1 + 0.06/1)^(1 * 8) = $6,000 * (1.06)^8
FV = $6,000 * 1.48677 = $8,921.66
Therefore, just at end of 8 years, with 6% compounded yearly, the valuation of a series of 8 installments of $6,000 each is $8,921.66.
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When should you check the actioning of a customer’s special requests?
(a) During customer delivery.
(b) After customer delivery.
(c) Before customer delivery. (d) It’s not your responsibility to check the actioning of customers’ special requests.
C) Before customer delivery should you check the actioning of a customer’s special requests.
The best time to check the actioning of a customer's special requests is before customer delivery. This is because checking and verifying the requests before the delivery can ensure that everything is in order and that the customer will receive exactly what they asked for.
By checking before delivery, any issues or mistakes can be corrected, and the customer can receive their order in a timely and accurate manner. Failing to check before delivery can lead to frustration and dissatisfaction on the part of the customer, and can negatively impact the customer relationship.
Therefore, checking the actioning of customers' special requests before delivery is crucial for providing excellent customer service and maintaining a positive relationship with customers.
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if the fed's policy reaction function equals r = 0.02 π, where r is the real interest rate and π is the inflation rate. when the inflation rate is zero, then the real interest rate will be
In this case, when the inflation rate is zero, the real interest rate will also be zero. The reaction function says that the real interest rate (r) is equal to 0.02 times the inflation rate (π). When the inflation rate is zero, the product of 0.02 times 0 equals zero, so the real interest rate will be zero.
r = 0.02 π
r = 0.02 * 0
r = 0
The function indicates that for every two percentage points of inflation, the central bank will increase the real interest rate by one percentage point. Therefore, if the inflation rate is zero, the real interest rate must also be zero. This reaction function implies that the central bank is trying to prevent inflation from rising too fast, as it will raise the real interest rate when inflation rises.
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blue fin started the current year with assets of $708,000, liabilities of $354,000 and common stock of $208,000. during the current year, assets increased by $408,000, liabilities decreased by $54,000 and common stock increased by $283,000. there was no payment of dividends to owners during the year. based on this information, what was the amount of blue fin's retained earnings at the beginning of the year?
The answer is $180,000. An asset is a resource having economic worth that a person, business, or nation owns or manages with the hope that it will sustain them in the future.
To find Blue Fin's retained earnings at the beginning of the year, we can use the following formula:
Retained Earnings = Beginning Equity - Dividends + Net Income
Beginning Equity = $708,000 (assets) + $354,000 (liabilities) + $208,000 (common stock) = $4,285,000
We know that there were no dividends paid to owners during the year, so the dividends component of the formula is zero. We also know that assets increased by $354,000 and liabilities decreased by $54,000 during the year, so the net income component of the formula is:
Net Income = $414,000 (increase in assets) - $57,000 (decrease in liabilities) + $283,000 (increase in common stock) = $646,000
Plugging these values into the formula:
Retained Earnings = $1,285,000 (beginning equity) - $0 (dividends) + $708,000 (net income) = $180,000.
So, the amount of Blue Fin's retained earnings at the beginning of the year is $180,000.
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StartupCo commenced operations at the beginning of 2020. $125 million of equity was raised to fund the purchase of equipment as well as for general corporate purposes. As part of its business planning process, a 5-year forecast was developed (Base Case) as well as upside and downside scenarios (High and Low Cases, respectively). At the end of 2020, StartupCo issued $150 million of 5-year debt, repayable in equal annual installments at the end of each year, to finance its future capital program.
StartupCo raised $125 million in equity and $150 million in debt to fund its operations and equipment. It developed a 5-year forecast with base, high, and low cases.
StartupCo raised $125 million in equity at the beginning of 2020 to purchase equipment and for general corporate purposes. Later in the year, it also issued $150 million of 5-year debt, which is repayable in equal annual installments. This debt financing will help to finance its future capital program.As part of its business planning process, StartupCo developed a 5-year forecast, which includes a base case scenario as well as upside (High Case) and downside (Low Case) scenarios. This forecasting will help the company to operations plan for future growth and make informed decisions about its capital structure and funding needs.
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which of the following statements concerning common stock and the investment banking process is not correct? a. if a firm sells 1,000,000 new shares of class b stock, the transaction occurs in the primary market. b. listing a large firm's stock is often considered to be beneficial to stockholders because the increases in liquidity and reputation probably outweigh the additional costs to the firm.
The answer is option c. is not correct, which is Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business.
Why do you use the word "business"?The actions and endeavors of a person engaged in the business of creating or providing goods or services with the intention of doing so for profit are likewise considered to be business. Definition in business. The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else.
Which function does the company perform?In order to fulfill a need or demand of the general public, a business must manufacture and distribute goods and services. CSR is "a business activity that entails participating in projects that help a society," according to Business News Daily.
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which of the following is true about a futures contract? it gives its holder the right but not the obligation to sell an asset at a specified expiration date, at a specified price called exercise price. it calls for delivery of an asset at a specified price, on or before a specified delivery date. it calls for delivery of an asset at a specified price, on a specified delivery or maturity date. the purchase price of a futures contract is called the premium. it gives its holder the right to sell an asset on or before a specified expiration date, at a specified price called strike price.
The following is true about a futures contract as it gives its holder the right but not the obligation to sell an asset at a specified expiration date. Hence option (A) is correct.
There is an underlying edge as well as an upkeep edge put together by the two players at the commencement of the agreement. Likewise, the prospects contract is a commitment for the two players. The purchaser needs to get the resource at expiry at the predetermined cost and amount.
A futures contract is a lawfully official consent to trade a normalized resource on a particular date or during a particular month. Ordinarily, prospects contracts are exchanged electronically on trades, for example, the CME Gathering, the biggest fates trade in the US.
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This question is not complete , here I am attaching the complete question:
Which of the following is true about a futures contract?
A) it calls for delivery of an asset at a specified price, on a specified delivery or maturity date
B) it calls for delivery of an asset at a specified price, on or before a specified delivery date
C) it gives its holder the right to sell an asset on or before a specified expiration date, at a specified price called strike price
D) it gives its holder the right but not the obligation to sell an asset at a specified expiration date, at a specified price called exercise price
E) the purchase price of a futures contract is called the premium
in the sales orientation, which of the four elements of the marketing mix is most heavily emphasized?
The marketing mix's promotion component is the one that receives the greatest attention in the sales orientation.
Which definition of marketing suits it the best?Sales promotion refers to the activities a business does to encourage the purchase or sale of a good or service. Promotional, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing upon behalf of a business.
Why is marketing so crucial?Every business must use marketing tactics to: promote sales, define offerings or services, establish relationships with new partners or partners, attract new clients, foster client loyalty, develop a brand, and use the media to expand internationally.
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The complete question is-
In the sales orientation, which of the four elements of the marketing mix is most heavily emphasized?
A) promotion
B) place
C) production
D) price
E) people
Brady forges Cal’s signature on a check "payable to the order of Brady" drawn on Cal’s account in Downtown Bank. Cal’s forged signature is
a. effective to the extent that the bank debits Cal’s account.
b. not effective.
c. effective to the degree that it matches Cal’s genuine signature.
d. effective if an innocent third party accepts the check.
Hello!
Brady has forged Cal's signature.
The only way in which this forged signature would be effective is if it matches Cal's genuine signature, so I would say that answer choice C is correct.
b. not effective, On checks, forging a signature constitutes fraud and is forbidden. The bank is under no duty to honour the cheque since a forged signature is not regarded as a legitimate one.
Brady's forgery of Cal's signature on the cheque is deemed fraudulent and is not recognised or enforceable by law. A forged signature may be used to dispute and reverse any transaction, and banks and other financial organisations frequently have security procedures in place to identify them. Even if the bank debits Cal's account in this case, he or she would probably have the right to contest the transaction and have the money refunded to their account. You should be aware that forging someone else's signature is illegal and has significant legal repercussions.
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blackberry was once a dominant brand in the mobile phone market, but now holds little market share compared to samsung and apple. blackberry appears to be experiencing
Blackberry was once a dominant brand in the mobile phone market, but now holds little market share compared to samsung and apple, so blackberry appears to be experiencing entropy.
A market that is monopolistically competitive is the one for mobile phones. Monopolistic competition is a sort of imperfect competition when numerous manufacturers compete with one another yet sell various items that are not exact replacements for one another.
Entropy is a measureable physical characteristic and a mathematical notion that is frequently connected to a condition of chaos, unpredictability, or ambiguity. Entropy is an indicator of a device's molecular disorder or unpredictability since work is produced by organised molecular motion.
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What was the main theme of the Stanford Prison Experiment?
The Stanford Prison Experiment is often cited as proof of the atavistic tendencies that exist in all of us and that, with the right amount of provocation, we could all become despots.
The Stanford Prison Experiment is often cited as proof of the atavistic tendencies that exist in all of us and that, with the right amount of provocation, we could all become despots.
Less than ten years prior, the Milgram obedience study had demonstrated that common people were willing to shock their fellow citizens with electricity they believed to be painful and possibly fatal levels if they were encouraged to do so by a higher authority. The Stanford experiment, which showed how easily common people could become ruthless oppressors if given too much power, was seen by many as underscoring those conclusions.
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derran is being examined under oath by an opposing parts attorny this process is known as
The plaintiff sends Penelope a list of written inquiries, to which she is required to respond under oath. Interrogatories are the name for this.
Written inquiries made from one party to another in a civil case are known as interrogatories. They can aid the parties in understanding the facts, evidence, and arguments in the case and are used to acquire information that is pertinent to the case. As they enable parties to gather information from other parties without having to call witnesses to the stand, interrogatories are a crucial aspect of the discovery process. Interrogatories can range from straightforward asks for fundamental details like a person's name, address, or date of birth to more complicated questions requiring thorough responses. The plaintiff sends Penelope a list of written inquiries, to which she is required to respond under oath. Interrogatories are the name for this.
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domestic producers experience limited import conditions when a ver is in place. as a result, these producers make extra profit because supply is artificially limited by the import quota. this extra profit is called multiple choice a trade surplus. a countervailing duty. a quota rent. an ad valorem profit.
Domestic producers experience limited import conditions when a ver is in place. as a result, these producers make extra profit because supply is artificially limited by the import quota. this extra profit is called Quota Rent. Thus, option A is correct.
What is a Quota Rent?The supply and demand for a good or service can occasionally be thrown off balance by external economic factors. One such external force is trade quotas, which are frequently used and effective. Calculating "quota rent" is one method economists use to assess the inefficiency brought about by import quotas.
The economic rent that the owner of an imported good that is subject to a quota receives is known as quota rent. To determine the quota rent, first determine the economic rent, which is the upward difference between the domestic price of the good and the free market price from around the world.
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what are the advantages and disadvantages of exchange-traded funds versus mutual funds? bodie, zvi. investments (p. 323). mcgraw-hill higher education. kindle edition.
Have a solid track record and ensure that the company has enough financial resources to handle difficult times.
The following are some ways in which a multinational company will limit the impact of impending disasters on the ability of the company to raise capital to cover short-term costs and fund long-term goals: By dividing the corporation into various components that are pledged diurnal to the most line of the corporation, you can demonstrate the company's cost-effectiveness and resistance to collapse. Perhaps the higher education phase did well during the global financial crisis because many fired employees wanted to improve their skills or retrain. The global financial crisis increased college enlistment. Expand geologically in terms of markets, offer foundations, establish positions, and so forth, so that others will come into being just in case certain economies are eating inert development.
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why would you perform rollforward procedures when testing manual controls
You would perform roll forward procedures when testing manual controls when you have spread out the sample required during interim and conclude at final.
Roll-forward testing fills in the time lag between the earlier testing phases, but it does so before the end of the financial year's audit. It is predicated on the idea that if testing is done earlier in the year, more testing will be required toward the end of the year to ensure that the controls tested previously in the year are still functioning properly.
All test methods used during the interim test phase do not necessarily need to be included in the roll-forward tests. In comparison to your intermediate sample size, roll forward testing often relies on a significantly smaller sample.
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9. how did mining and cattle ranching transform individual ""get rich quick"" efforts into ""big business"" efforts when the nineteenth century came to a close?
Resources were running out in both the mining and cattle ranching industries. Since the first prospectors could pan for gold using simple tools and low-cost materials, virtually anyone could travel to the West and try their luck.
Both the mining and cattle-ranching businesses were running out of resources. Almost anyone could come to the West and test their luck because the early prospectors might pan for gold using basic tools and inexpensive materials. There were so many cattle and pasture places that cowboys and therefore would cattle barons had plenty of room to spread out. However, opportunities were diminished as the easy resources were taken out and huge ranchers purchased, expanded, and fenced off pastureland. Instead of solitary prospectors, companies would assess a site's potential before looking for money to employ personnel and drill into the ground. This requires a lot more resources than gold panning did. In order to get their livestock ready for market, ranchers were also compelled by the overgrazing of the cattle paths to purchase and privatise vast parcels of property.
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income is taxed as direct income to stockholders. stockholders have the same liability as members of a partnership. the number of stockholders is unlimited. the life of the corporation is limited.
income is taxed as direct income to stockholders. It takes place when the income is received by the stockholders in the form of dividends.
Dividends are a portion of a company's profits that are distributed to its shareholders, usually in the form of cash or additional stock. It is a distribution of additional profits by the company.
This income is taxed as ordinary income to the stockholder, at the individual's marginal tax rate, rather than as capital gains.
The tax rate on dividends is usually the same as the tax rate on other forms of ordinary income, such as wages or salaries.
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With an S corporation:
A. Income is taxed as direct income to stockholders.
B. The life of the corporation is limited.
C. Stockholders have the same liability as members of a partnership.
D. The number of stockholders is unlimited.
many successful individuals have single-handedly directed their companies to success. is participative strategic management approach likely to stifle or suppress the contributions of such individuals?
Participative strategic management is unlikely to stifle or suppress the contributions of successful individuals, as it encourages collaboration and allows for successful individuals to guide the team's efforts while still allowing for input and influence from the team.
Participative strategic management, also known as shared leadership, encourages collaboration and encourages the team to share their ideas and opinions, which can create an environment for successful individuals to contribute and grow. Participative strategic management allows for the successful individual to guide the team's efforts and keep the team focused and motivated while allowing for the team to have input and influence on the team's decisions. This can help create an environment that is conducive to successful individuals contributing, while still allowing the team to be a part of the decision-making process.
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______ occurs when a government takes over a private industry for public use.
Nationalization occurs when a government takes over a private industry for public use.
This means that ownership and control of the industry are transferred from private individuals or corporations to the government. Nationalization is often done for reasons of economic or political control, as well as to improve access to essential goods and services.
However, nationalization can also result in inefficiencies and reduced competitiveness, as well as negatively impacting the rights of private owners. It is important for governments to carefully consider the benefits and drawbacks of nationalization before taking such action.
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7.you have just won the lottery and will receive the first payment of $1,000,000 in one year. you will receive payments for 30 years, which will increase 3% per year. if the appropriate discount rate is 7%. what is the present value of your winnings?
The present value of your winnings would be around $3,826,305.44. Present value means the number or price that will be gotten in the future from your investment.
To find the present value of your lottery winnings, you can use the formula for the present value of an annuity:
[tex]PV = PMT / r * (1 - (1 / (1 + r)^n))[/tex]
Where:
PV = present value of the annuity
PMT = the payment you will receive each year
r = the discount rate (7% in this case)
n = the number of payments (30 years)
The payment will increase by 3% per year, so you need to calculate the future value of the payments,
Pmt(1) = $1,000,000
Pmt(n) = $1,000,000 * (1+3%)³⁰
Now we can calculate the present value of your winnings:
PV = Pmt(n) / (r * (1 - (1 / (1 + r)ⁿ)))
PV = ((1,000,000 * (1+0.03)³⁰) / (0.07 * (1 - (1 / (1 + 0.07)³⁰)))
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in a certain country, income tax is assessed as follows. there is no tax on income up to $20000. any income over $20000 is taxed at a rate of 10%, up to an income of $30000. any income over $30000 is taxed at 15%. how much tax is assessed on an income of $28000?
The tax assessed on an income of $28000 is:
When I = $14,000, tax is $400
When I = $26,000, tax is $1,900
What is tax?A tax is a mandatory payment or charge that is gathered by local, state, and federal governments from citizens or companies to pay for essential public goods, services, and activities.
Since more than 5,000 years ago, governments have relied heavily on taxes as a means of financing the provision of goods and services to their populations, many of whom would not otherwise have access to them.
The only way for governments to pay for services is by levying taxes on the money we earn, the things we buy, and the property we own. Governments do not make money from selling goods or making profits in this way. Regardless of your stance on taxes, you undoubtedly gain from the opportunities they create in your daily life.
The tax is calculated for each interval & then added in order to assess the total amount. When | = $14,000\Tax = ($10,000) × 0% + ($14,000 – $10,000) × 10% = $400
The tax is calculated for each interval & then added in order to assess the total amount
When I = $26,000\Tax = ($10,000) × 0% + ($20,000 – $10,000) × 10% + ($26,000 – $20,000) × 15% = $1,000+ $900 = $1,900
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consider a portfolio that offers an expected rate of return of 12% and a standard deviation of 18%. t-bills offer a risk-free 7% rate of return. what is the maximum level of risk aversion for which the risky portfolio is still preferred to bills?
For the riskier portfolio to be favored over bills, A must be lower than 3.09.
The utility level for T-bills is 0.07 when we calculate utility using U = E(r) - 0.5A2.
U = 0.12 - 0.5 A is the utility level for the risky portfolio (0.18)
2 = 0.12 - 0.0162 × A
The following conditions must exist for the hazardous portfolio to be preferred to bills:
For the hazardous portfolio to be favored over bills, A must be less than 3.09 and greater than 0.12 - 0.0162A > 0.07 A 0.05/0.0162 = 3.09. A low-risk portfolio, according to the majority of publications, should contain 15% to 40% stocks. A medium risk ranges from 40% to 60%. 70% and above are often the threshold for high risk. In each case, the remaining assets in the portfolio are made up of lower-risk asset classes such bonds, money market funds, property funds, and cash.
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if the federal reserve board increases the discount rate, what effect will the higher discount rate have on the economy?
The Federal Reserve Board's decision to increase the discount rate can have a significant impact on the economy. The higher cost of borrowing for banks, decrease in the money supply, and potential changes in exchange rates and inflation can all contribute to a slowdown in economic growth.
"Discount rate" is an important tool for the Federal Reserve Board to influence the economy, and its decisions can have far-reaching effects on a range of economic indicators.
The Federal Reserve Board's discount rate is a key tool it uses to control the money supply and interest rates in the economy. When the Federal Reserve Board increases the discount rate, it becomes more expensive for banks to borrow money from the Federal Reserve, which in turn can have a number of effects on the economy.
One key effect is that it becomes more expensive for banks to borrow money, which can lead to them raising the interest rates they charge on loans to consumers and businesses. This in turn can lead to a slowdown in borrowing and spending, as consumers and businesses are less likely to take out loans when the cost of borrowing is higher.
Another key effect is that a higher discount rate can lead to a decrease in the money supply. When banks have to pay more to borrow money from the Federal Reserve, they may be less likely to lend money to consumers and businesses, which can reduce the overall amount of money circulating in the economy.
Finally, a higher discount rate can also affect the exchange rate and inflation. If the interest rates in the US become higher compared to other countries, it can make US assets more attractive to foreign investors, which can lead to an appreciation of the US dollar.
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social responsibility is good business, but it does cost money. True or False
Social responsibility is good business, but it does cost money. The statement is True.
Social responsibility is a moral hypothesis where people are responsible for satisfying their urban obligation, and the activities of an individual should help the entire of society. Along these lines, there should be a harmony between monetary development and the government assistance of society and the climate. On the off chance that this balance is kept up with, social obligation is achieved. The hypothesis of social obligation is based on an arrangement of morals, in which choices and activities should be morally approved prior to continuing. On the off chance that the activity or choice makes hurt society or the climate, it would be viewed as socially flighty.
Virtues that are innate in the public eye make a differentiation among good and bad. Along these lines, social decency is accepted (by most) to be in the "right", however more habitually than not this "reasonableness" is missing. Each individual has an obligation to act in way that is valuable to society and not exclusively to the person.
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which of the following statements is true of learning effects? group of answer choices there are substantial differences in the rates at which organizations learn. the cost of producing a unit rises as the number of units produced increases. as a technology is adopted, further development and refinement of the technology reduce. the learning rate is impervious to organizational factors such as firm strategy.
a. There are substantial differences in the rates at which organizations learn is true of learning effects.
In an online controlled experiment, a learning effect is a positive or negative effect from an intervention that becomes apparent after a given period t has passed.
The influence could gradually increase over time (linearly, exponentially, etc.), or there could be a more abrupt level shift after a specific time.
When planning an A/B test, it is usually beneficial to consider a longer test length for more dramatic changes in order to give users more time to adjust to the change. Many people react poorly to changes at first, even if they subsequently adjust to the new environment.
Similarly, some people may display interest and curiosity in a new feature that fades quickly with time, therefore if a test is conducted too early, the outcome may have low predictive value.
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Correct question:
Which of the following statements is true of learning effects?
a. There are substantial differences in the rates at which organizations learn.
b. The learning rate is impervious to organizational factors, such as firm strategy.
c. As a technology is adopted, further development and refining of the technology reduces.
d. The cost of producing a unit rises as the number of units produced increases.
What key input is used to plan the business analysis approach for a project?
A. Business need
B. Business case
C. Business goals
D. Strategic plan
A) The key input used to plan the business analysis approach for a project is the business need.
The business need represents the problem or opportunity that the project is intended to address, and it is the starting point for developing a business analysis approach.
The business analyst will use the business need to determine the scope of the project, the stakeholders who will be impacted by the project, and the goals and objectives that must be met to satisfy the business need.
The business need also provides the context for developing a business case, which outlines the benefits, costs, and risks associated with the project, and it helps to ensure that the project is aligned with the overall business goals and objectives.
The business need is a critical input that guides the business analysis approach and helps to ensure the success of the project.
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Why is farmers insurance open starting on wednesday?
This PGA event does not often start on Thursday and end on Sunday. In order to avoid conflicting with the NFL's AFC Championship Game, which airs on Sunday on CBS, the Farmers Insurance Open gets underway on Wednesday.
Before the Sunday football game, broadcaster Jim Nantz will remotely call the golf action on Friday and Saturday from Kansas City.
California is the location of the PGA Tour for a second consecutive week. The PGA Tour is currently in La Jolla after The American Express was hosted there last week.
The first round of the 2023 Farmers Insurance Open will start on Wednesday, January 25. The competition will end on January 28 with one round played each day on Thursday, Friday, and Saturday.
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If the supply of a good is relatively inelastic, this means that the quantity supplied of the good is a. not very sensitive to the price of the good. b. highly sensitive to the price of the good. c. unrelated to the price of the good.
d. none of the above.
No. Saying that an inelastic demand is price sensitive is entirely unsuitable and untrue in terms of the facts.
A good that does not reflect a change in its quantity when its prices rise or fall is known as being inelastic, which is a highly assumed definition. This predicament is brought on in part by the fact that consumers frequently use inelastic items despite major price changes because they are often necessary. As a result, it is impossible to identify inelastic commodities as price-sensitive items. A supply curve would normally demonstrate that, C), other things being equal, a good's supply quantity and price are positively correlated. It displays the quantity of items that are supplied to the market per price of the good. If prices are high, suppliers will supply more products in order to increase their profits. As a result, the supply and price are tightly tied.
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consider the following statements: a. car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other nearby gas stations. b. banks offer gift cards to open new checking accounts. c. firm produce more of a particular product when its selling price rises. d. households spend less money when the economy is in a recession. which of the above statements demonstrates that economic agents respond to incentives? select all that apply
Option - A , C : car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other nearby gas stations and firm produce more of a particular product when its selling price rises are the statements demonstrates that economic agents respond to incentives.
The economic agent will do a certain activity if the marginal profit outweighs the marginal cost of that action. The marginal benefit of consuming an item, for instance, will decrease due to the rule of declining marginal returns, which lowers the motivation to increase consumption. Economic agents react to incentives, which can distribute limited resources to provide each agent the best utility possible. Profit provides the entrepreneur in a company with an incentive to take risks. While penalties make customers worse off, rewards are advantageous incentives that will benefit them.
Incentives are advantages or disadvantages of an action that affect people's choices and actions. Incentives, to put it differently, can encourage people to perform a task they otherwise wouldn't.
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"I will never do business with them again" is ………components of attitude.
A. affective component
B. cognitive component
C. intentional component
D. none of these
A) The statement "I will never do business with them again" is primarily an affective component of attitude.
The affective component refers to an individual's emotional reaction to a particular object, person, or situation. In this case, the speaker's statement reflects their negative emotions towards the company they are referring to, such as anger, frustration, or disappointment.
While this statement may also reflect the speaker's cognitive component, which refers to their beliefs and perceptions about the company, the primary focus is on their emotional response. The intentional component, which refers to an individual's goals and actions towards a particular object, person, or situation, is not explicitly stated in this statement.
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