To determine the price elasticity of demand going from 24 units to 30 units of Product Z, we need to calculate the percentage change in quantity demanded and the percentage change in price.
The percentage change in quantity demanded is (30-24)/24 = 0.25 or 25%.
The percentage change in price is ($4.50-$3.50)/$4.50 = 0.22 or 22%.
Using the formula for price elasticity of demand, we have:
Price Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)
Price Elasticity of Demand = 0.25 / 0.22
Price Elasticity of Demand = 1.14
Therefore, the price elasticity of demand going from 24 units to 30 units of Product Z is 1.14, indicating that the demand for Product Z is relatively elastic, meaning that a small change in price leads to a relatively large change in quantity demanded.
This information can be useful for the company that produces Product Z to determine the optimal price point that maximizes their revenue. If they increase the price of Product Z, they can expect a relatively larger decrease in the quantity demanded,
but if they decrease the price, they can expect a relatively larger increase in the quantity demanded. By knowing the price elasticity of demand, the company can determine the most profitable price point for Product Z.
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Efficient operations combined with excellent supply chain management
O
O b
Oc
Od
a
Operational Excellence
Product Excellence
Customer Excellence
Locational Excellence
Efficient operations combined with excellent supply chain management is Operational Excellence. Thus, its option A.
What is supply chain management?Controlling the flow of goods and services is the goal of supply chain management, which includes all processes that convert raw materials into finished goods.
It involves the purposeful standardization of a company's supply-side processes in order to gain an advantage over rivals and maximize customer value.
The company is shielded from negative publicity, costly product returns, and legal action by effective supply chain leadership.
Making a plan, locating raw materials, manufacturing, delivering goods, and receiving returns are the five most important SCM components.
Cost control and management, as well as avoiding supplier shortages, are among the duties of a supply chain manager.
Suppliers strive to establish and manage supply networks that are as cost-effective and efficient as possible through supply chain management (SCM).
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many employees of a prominent university conduct their financial transactions through a financial institution, which is also owned by them. this financial institution is most likely to be a(n)
A credit union is the most likely type of financial institution.
Which of the following phrases describes debt owed to a business by clients or customers who have agreed to pay for the goods later?The sum of money that clients owe your business for goods or services that have been supplied is represented by accounts receivable (AR).
What financial statements are used by businesses to assess their financial health?The income statement, often known as the profit and loss statement or P&L, gives a brief overview of the revenues and expenses for a given time frame. Organizations can compare trends in income and spending over time using the income statement, which is frequently published annually or quarterly.
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organizations should work to improve process capability so that inspection efforts can become more: multiple choice effective. widespread. efficient. unnecessary. necessary.
Organizations should work to improve process capability so that inspection efforts can become unnecessary. Therefore option C is correct.
What is the organization?An organization is a group of individuals working together to achieve predetermined goals. It may be viewed as a social structure that includes all formally recognized human interactions. The organization includes task alignment with respect to the company's ultimate aim and the division of labor among personnel.
A formal Organization Structure is a set of roles and responsibilities that have predetermined links and actions. It was developed by management to help the business achieve its goals.
As the name implies, a functional organizational structure groups employees according to the types of work they are responsible for managing and directing.
Therefore option C is correct.
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Suppose General Electric payed its line workers $12 per hour
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
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Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
the complete portfolio refers to the investment in _________.
Answer:
In finance speak, a portfolio refers to a collection of investments or financial assets held by an individual, investment company, financial institution or hedge fund. This grouping of financial assets can include everything from gold and property to stocks, bonds and cash equivalents.
Explanation:
Hope this helps :)
What is a corporation?
Answer:
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Explanation:
hope this helps:)
Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.
Answer:
1.51%
Explanation:
Recall that:
Total Output = \(A\times K^a \times ^{1-a}\)
here;
A = total productivity factor
K = capital input
L = labor input
SInce Landowners gets 50% of income; then a = 0.50
\(= A\times K^ {0.50} \times ^{1-0.50}\)
Output at 424BBC
\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)
\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)
\(=1.0151AK^{0.5}L^{0.5}\)
Thus, the growth rate from 425 BCE to 424 BCE :
= 1.0151 - 1
= 0.0151
= 1.51%
Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:
Answer:
Derived Demand
Explanation:
Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.
In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.
As a result, the sales for Indie Fabric will also decrease.
This is an example of Derived Demand.
Which of the following represents an isocost line?
C = TC + FC
C = FC + VC
C = TC - VC
C = wL + rK
The equation C = wL + rK represents an isocost line, showing combinations of labor and capital that can be purchased at a given total cost.
C = wL + rK represents an isocost line.
An isocost line shows the various combinations of inputs (in this case, labor and capital) that can be purchased at a given total cost (C).
In the equation C = wL + rK, w represents the wage rate for labor, L represents the quantity of labor, r represents the rental rate for capital, and K represents the quantity of capital.
By varying the quantities of labor and capital, the total cost remains constant along the isocost line.
Therefore, option D) C = wL + rK correctly represents an isocost line.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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is Jesus real? i'm so confused even though i am a Christian, i still don't believe that jesus is real
Answer:
i dont see any proof so nope he aint real
Explanation:
Answer:
Jesus is real
Explanation:
He is the son of the lord, and died for your sins. It's also been scientifically proven that he is real How could he not be real.
isabella’s landlord has included a clause in the rental contract that makes it possible for him to increase isabella’s monthly rent if taxes on the property go up. which clause was included in the contract?
Answer:
Escalator clause
Explanation:
Going to college, getting married, and winning the lottery are all examples of
SMART Goals.
True
False
Answer:
False
Explanation:
Answer:
False
Explanation:
A CVS/pharmacy store is an example of a ________ business. Group of answer choices national multinational local regional boutique
Answer:
A CVS/pharmacy store is an example of a national business.
Explanation:
a recent bain study suggests that one of the top concerns of managers is:
According to a recent Bain study, one of the top concerns of managers is talent acquisition and retention.
Finding and retaining talented employees is crucial for organizations to achieve their goals and maintain a competitive advantage.
The study highlights that managers are increasingly concerned about attracting and retaining skilled professionals who can contribute to the success and growth of their organizations.
In today's dynamic business environment, talent has become a valuable asset, and competition for top talent is fierce. Managers recognize the importance of having a skilled and motivated workforce to drive innovation, deliver high-quality products or services, and adapt to changing market conditions.
The study suggests that managers are concerned about the challenges they face in attracting and retaining talent, such as intense competition, talent shortages in certain industries or regions, and the need for ongoing development .
Addressing these concerns requires organizations to develop effective talent acquisition and retention strategies.
This may involve implementing attractive compensation and benefits packages, providing opportunities for career growth and development, fostering a positive work culture, and creating an environment that values and recognizes employees' contributions.
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Competitive advantage __________. Question 2 options: information collected from multiple sources, such as suppliers, customers, partners, and industries that analyzes patterns, trends and relationships for strategic decision making. Evaluates an organizations strengths, weaknesses, opportunities, and threats. Extraction of information from data and using it to predict future trends and identifying behavioral patterns. is a feature of a product (or service) on which customer
Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
1. capital gains
3
money paid from a company's earnings to people who own stock in that company
2. commission
6
the income a business makes
3. dividends
5
money the bank gives you when you keep your money in one of their accounts
4. entrepreneur
4
a person who takes a risk to create a new product or develop a better way to operate a business
5. interest
1
income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
6. revenue
2
a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
Answer:
CAPITAL GAINS - income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
COMMISSION - a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
DIVIDENS - money paid from a company's earnings to people who own stock in that company
ENTREPRENEUR - a person who takes a risk to create a new product or develop a better way to operate a business
INTEREST - The income a business makes
REVENUE - money the bank gives you when you keep your money in one of their accounts
Answer:
1. capital gains
income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
2. commission
a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
3. dividends
money paid from a company's earnings to people who own stock in that company
4. entrepreneur
a person who takes a risk to create a new product or develop a better way to operate a business
5. interest
money the bank gives you when you keep your money in one of their accounts
6. revenue
the income a business makes
Explanation:
I did it
employment assessments are only used during the hiring phase of employment. (T/F)
True, employment assessments are only utilized throughout the recruiting process.
Pre-employment testing was used in this case for their content managing jobs. The management of the business was seeking experts who were familiar with the values of the product, the company's culture, and many other things.
Pre-employment evaluations aided in: evaluating the candidates' knowledge of the product. Learning more about their process for doing things and other things.
The entire procedure assisted the business in making informed selections about their workforce in addition to assisting in the employment of the best team members and executives. Their turnover rate was significantly reduced as a result, and the workplace environment improved. Pre-employment testing is not a brand-new, essential component of the hiring process.
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Need help answer this question please help me
Answer:
b). 4 and 14 units
Explanation:
The equilibrium point is the intersection of demand and supply curves. It is a condition of no excess or shortage in supply or demand in the market. At equilibrium, the quantity demand matches the quantity supplied.
At the equilibrium situation, buyers are willing to purchase the quantity supplied at the stated price. It implies both suppliers and buyers are happy with the current supply and price.
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
If the price index moves from 107 to 110, the rate of inflation is: Group of answer choices 3% 30% 28% 2. 8%
If the price index moves from 107 to 110, the rate of inflation is 2.8 %.The percentage change in inflation is then calculated by multiplying this by 100.Option D is correct.
Evaluating:Rate of inflation = 110 - 107 ÷107
= 0.0280 × 100 %
= 2.8 %
How is the rate of inflation determined by price index?The price index from the interest year is subtracted from the base year, and then the result is divided by the base year to determine inflation. The percentage change in inflation is then calculated by multiplying this by 100.
If inflation is too high, what happens?The consumer price index (CPI) is used to measure inflation, which maintains economic health at low rates. But when inflation rises quickly, it can have negative effects on the economy in the form of lower purchasing power, higher interest rates, slower economic growth, and other things.
Question incomplete:If the price index moves from 107 to 110, the rate of inflation is:
a. 3%
b. 30%
c. 28%
d. 2.8%
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FILL IN THE BLANK. Giving hr managers full control access to files in a folder called hr policies while giving hr representatives read-only access to the files in the same hr policies folder is an example of ___ access controls
Giving HR managers full control access to files in a folder called HR policies while giving HR representatives read-only access to the files in the same HR policies folder is an example of role based access controls.
What is role based access control?It is a term in computer system security which means giving the right access to the authorized users only. The role based access control restricts the access to the system for unauthorized users, so it secures the system from unwanted changes. The role based access control involves certain permission settings and privileges based on what is the role of the users and whether the user is an authorized personnel to perform any change to the system or data.
Your question is incomplete, but most probably the answer choice were:
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What detail most clearly develops the central idea in the first question you answered?
Group of answer choices
"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)
“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)
"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)
“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)
braiiest
The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).
What can be said of the Malaria pathogen?The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.
This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.
This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.
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Which of the following is the best example of a SMART goal?
A. Graduate with a degree in business.
B. Learn as much about marketing as possible.
C. Graduate with a bachelor's degree in marketing in a year.
D. Earn a "B" or better in my Intro to Marketing course this semester.
Answer:
c
Explanation:
although all were good options for answers, but this graduate got through this in a year, Speaks volumes to me
Answer:
The answer is definitely: D. Earn a "B" or better in my Introduction to Marketing course this semester.
Explanation:
100 % correct
during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.
An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;
360-degree360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.
We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.
Summarily, the 360-degree performance appraisal was used for Veasna.
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when the impacts of producing or consuming a good falls on third parties and is not reflected in the good's price, then:
When the impacts of producing or consuming a good negative externalities are produced by Edison's noisy technology bird and the nearby airport expanding its number of runways. This statement is True.
Externalities are not produced by Brian's trees or the new technology used by the electronics company.An externality occurs when a person or organization's actions have an unanticipated detrimental effect on a third party's well-being.
When the effect is adverse, a negative externality occurs. In the graph, more product is produced than is socially optimal since the social cost of production is higher than the private cost. The local airport's decision to double its runways has a negative externality in the form of noise pollution, and Edison's noisy avian has a similar effect. However, neither Brian's plants nor the innovative technology used by the device manufacturer create externalities. In the absence of government intervention, markets may fail to take externalities into account, leading to wasteful outcomes.
Complete question:
when the impacts of producing or consuming a good falls on third parties and is not reflected in the good's price, then technology. True or false.
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An unexpectedly mild spring results in a bumper crop of citrus fruit in both Florida and California The PPC shifts _____ and to the _______
A production possibility curve (PPC) is a graphical representation of the production capacity of a specific economy at a particular time. An unexpected mild spring leads to a bumper crop of citrus fruit in both Florida and California. The PPC will shift to the right and up due to the change in the availability of resources.
A shift in the production possibility curve will occur due to a change in the production possibilities of one of the goods, which can occur due to many reasons. For example, a shift in the PPC may occur due to a change in the available resources or a change in technology.Let us take the example of the unexpected mild spring that leads to a bumper crop of citrus fruit in both Florida and California.
In such a situation, we can say that there has been an increase in the availability of resources for the production of citrus fruit. Due to this, the PPC shifts to the right and up. This is because the production possibilities of both goods (citrus fruit and other goods) have increased.Moreover, the shift to the right means that an economy can produce more of both goods than it could previously. On the other hand, the shift up means that it can produce more of one good while producing the same amount of the other good. Thus, the unexpected mild spring will result in a shift of the PPC to the right and up.
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To buy a product, customers in a market must first
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.
Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.
Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.
Income statement:ERNST CONSULTING Income Statement For Month Ended October 31
REVENUES
Consulting fees earned $13,320
Total revenues $13,320
EXPENSES
Rent expense $2,950
Salaries expense $6,290
Telephone expense $830
Miscellaneous expenses $640
Total expenses $10,710
($2,950+$6,290+$830+$640)
Net income $2,610
($13,320-$10,710)
Inconclusion the December statement of cash flows for Ernst Consulting is $2,610.
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When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, McAnem:
As a sole proprietor, McAnem will find the business to be easy and inexpensive to form.
What is a sole proprietor?It should be noted that a sole proprietor simply means an individual who owns and manages a business on his or her own.
In this case, as a sole proprietor, McAnem will find the business to be easy and inexpensive to form. This is an advantage of this form of business.
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