The statement "when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives" is true because the statement describes correct information about market objectives.
This is challenging goals provide a sense of accomplishment once they are achieved and they allow individuals to further develop their skills.
Attainable goals give individuals a sense of security that they can achieve their goals and therefore, makes them more confident in their abilities to complete the tasks assigned.
Setting attainable and challenging objectives encourages individuals to strive for excellence and achieve their goals.
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what 5 effective tips to increase fundraising event attendance?
5 Effective Tips to Increase Fundraising Event Attendance are Choose the right software, Create an outreach plan, Steward high-value donors, Incentivize new donors,Follow up promptly.
Here are five effective tips to increase fundraising event attendance:
Start promoting early: Start promoting the event well in advance to give people plenty of time to plan and make arrangements to attend. Use social media, email marketing, and other channels to spread the word.
Create a compelling invitation: Make sure the invitation is visually appealing and clearly communicates the purpose and importance of the event. Use strong calls-to-action to encourage people to RSVP and attend.
Offer incentives: Consider offering incentives to encourage people to attend, such as early-bird discounts, VIP access, or special perks for donors.
Leverage partnerships: Partner with other organizations or businesses that share your values and can help promote the event to their networks. This can help broaden your reach and attract new attendees.
Follow up with attendees: After the event, follow up with attendees to thank them for their support and provide updates on the impact of their donations. This can help build a relationship with donors and encourage them to attend future events.
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a neighborhood association was formed to improve the community. they built parks, bike paths, landscaped the entrance, and invited entertainers to perform at the 4th of july celebrations. all of this has contributed to an increase in property values. what would account for this increase? a. positive externalities b. government regulation c. rezoning d. land use deregulation
The increase in property values in the community can be accounted for by the presence of positive externalities. Hence correct option is A.
What are positive externalities?Externalities are costs or benefits that are not accounted for in the price of a product or service. In other words, they are not reflected in the market price. Externalities can be positive or negative. The benefits that a third party receives as a result of a transaction are referred to as positive externalities.
Positive externalities are advantageous for the entire community, not just for the people who directly benefit from them. This is because positive externalities spill over to the rest of the community, resulting in a general increase in well-being.
The neighborhood association has improved the community by constructing parks and bike paths, landscaping the entrance, and hosting 4th of July events that feature entertainers. All of these factors have had a positive impact on the neighborhood and contributed to the increased property values.
Hence option A. positive externalities is correct.
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Looking at the Low Tech Market Segment's "Market Share Actual vs. Potential" chart, what is a priority for company Andrews in the next round for product Able to maximize sales volumes? (Refer to the Round 2 Foundation FastTrack Report available both on Blackboard and in Appendix 1 of "An Introduction to Business.")
Increasing the production capacity of product Able should be Andrews' priority in the next round to maximize sales volumes, would be the priority for company Andrews in the next round for product Able to maximize sales volumes.
Market share is the percentage of the total sales of a particular product or service by a company in a given market. It is calculated by dividing a company's sales revenue by the total revenue generated by all companies in that particular market.
Discussion of Andrews' priorities In the next round for product Able to maximize sales volumes, Andrews should increase the production capacity.
The reason behind this is that the chart shows that the company's current market share is below its potential, which means that there is a chance to capture more of the market.
Increasing the production capacity will allow Andrews to produce and sell more units of product Able, which will increase its market share.
Since the market share of other companies is relatively stable, increasing Andrews' market share will inevitably result in an increase in sales volume.
Therefore, increasing the production capacity of product Able should be Andrews' priority in the next round to maximize sales volumes.
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When employees are working faster or better, they are increasing their
answer choices
wages.
benefits.
efficiency.
value.
Answer:
efficiency
Explanation:
meaning they are doing with in time which is one factor for productivity
During a period of stagflation, a nation is most likely experiencing high unemployment and low inflation low unemployment and high inflationlow inflationary expectations a decrease in short-run aggregate supply an increase in taxes and government spending
According to the provided choices of alternatives, it may be said that a nation is most likely experiencing low employment and high inflation during a period of stagflation in its economy. Therefore, the option B holds true.
The concept of stagflation can be referred to or taken into consideration as the one wherein the economy is in a state of people left unemployed or underemployed, and also a significantly higher levels of unexpected rise in the prices of goods and services due to inflation. This can be controlled with the help of an appropriate economic policy.
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Complete question
During a period of stagflation, a nation is most likely experiencing
a high unemployment and low inflation;
b low employment and high inflation;
c low inflationary expectations;
d a decrease in short-run aggregate supply;
e an increase in taxes and government spending.
short-term credit agreements are more restrictive than long-term credit agreements. identify whether the preceding statement is true or false. this statement is true. this statement is false.
In the following question, The statement "short-term credit agreements are more restrictive than long-term credit agreements" is true.
What is a short-term credit agreement? Short-term credit agreements are financial instruments used by businesses to meet their immediate financial requirements. These credits are for a short duration, usually less than one year, and are typically repaid within the specified term. Short-term credit is a type of financing that is used to meet the company's short-term financial obligations, such as rent or payroll, among other things.
What is a long-term credit agreement? A long-term credit agreement is a type of credit agreement that has a maturity date of more than one year. This type of credit agreement is commonly used by businesses to fund their long-term needs, such as capital investments, business expansions, or acquiring equipment, among other things.
Conclusion: The statement "short-term credit agreements are more restrictive than long-term credit agreements" is true.
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Early adopters, although not as fast as innovators, are quick to purchase a new product. Identify all of the following characteristics that are typically associated with early adopters:
- are less risk seeking than innovators
- have less disposable income than innovators
- tend to be opinion leaders of a particular product category
- are youngest in age of all consumer category groups
early adopters are consumers who are among the first to buy a new product. They have several characteristics, including:
- They are less risk-seeking than innovators.
- They have less disposable income than innovators.
- They tend to be opinion leaders of a particular product category.
- They are youngest in age of all consumer category groups.
Therefore, the correct answer is:
- They are less risk seeking than innovators.
- They tend to be opinion leaders of a particular product category.
- They are youngest in age of all consumer category groups.
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Seo-yeon owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for tax purposes. Required: a. Seo-yeon lives in the condo for 19 days and rents it out for 22 days. b. Seo-yeon lives in the condo for 8 days and rents it out for 9 days. c. Seo-yeon lives in the condo for 80 days and rents it out for 120 days. d. Seo-yeon lives in the condo for 30 days and rents it out for 320 days.
In the following alternative situations, in options a & b, condominiums should be treated as residences for tax purposes and in options, c & d condominiums should be treated as non-residence for tax purposes.
What is Condominium?
The condominium is a kind of housing in which parts of it, such as apartments, are owned privately while other parts of the housing, such as hallways, elevators, and recreational facilities, are owned and managed by the property owner or by a corporation that owns the property.
For tax purposes, the condominium should be treated as follows:
a. Residence, since Seo-yeon lives in the condo for 19 days and rents it out for 22 days.b. Residence, since Seo-yeon lives in the condo for 8 days and rents it out for 9 days.c. Nonresidence, since Seo-yeon lives in the condo for 80 days and rents it out for 120 days.d. Nonresidence, since Seo-yeon lives in the condo for 30 days and rents it out for 320 days.The term 'residence' is used when someone is living in the condominium, and 'nonresidence' is used when it is being rented out for longer than the amount of time it is lived in.
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why does a rationing system often result in the formation of black markets?
Rationing was used by governments to ensure that everyone received a fair portion of food. People began engaging in illicit activities including buying and selling on black markets as a result of this action.
A rationing system often results in the formation of black markets because it creates an imbalance between supply and demand. When the government imposes restrictions on the supply of a particular good or service, there is often an increased demand for that item among consumers. This can lead to shortages, which in turn create opportunities for black market sellers to sell the restricted goods at higher prices.
Black markets can thrive because they offer consumers a way to obtain restricted goods that they might not be able to get through legal channels. Black market sellers may be willing to pay higher prices to obtain the restricted goods and then sell them at an even higher price to consumers who are willing to pay a premium for the product.
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________ attempts to leverage the fact that there is always some demand, however small, for a product.
A) Long tail marketing
B) Behavioral targeting
C) Crowdsourcing
D) Demand prediction software
E) Lead generation marketing
Long tail marketing attempts to leverage the fact that there is always some demand, however small, for a product. The answer is option a.
What is long tail marketing?Long tail marketing is a marketing strategy that emphasizes targeting niche markets or audiences with unique interests, needs, or tastes that are otherwise overlooked or underserved by mass-market or mainstream products or services. In this approach, businesses can cater to the individual needs and preferences of a smaller market, which might not be large enough to justify mass marketing or advertising budgets.
Long tail marketing is particularly useful for businesses that sell digital or online products, such as e-books, music, movies, or apps, that can be distributed cost-effectively through digital channels like the internet. In these markets, businesses can reach a global audience without the need for physical stores or sales staff. They can also reduce production, distribution, and inventory costs by selling digital products, which can be easily replicated and stored without physical constraints.
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Online shoe retailer, Zappos, uses a system of self-management called Holacracy. Employees have autonomy over their work and are able to use their own creativity to accomplish tasks. This ___ allows for a creative work environment. - removal of impediments - work group encouragement
- freedom - supervisory encouragement
The answer to the question about Zappos's use of holacracy, which enables employees to have autonomy over their work, is 'freedom.'
"Holacracy" refers to an approach to organizational management. It is a system of governance that is decentralized and emphasizes transparency and autonomy. Zappos is an online shoe retailer that has embraced holacracy as a management system that enables their employees to have autonomy over their work. Holacracy is based on the principle of distributed control. In a holacratic system, the decision-making process is decentralized, and individuals are given the authority to make decisions based on their area of expertise. Zappos has been able to foster a creative work environment by providing its employees with the freedom to be innovative and come up with solutions that best suit their work. Self-management is an essential element of holacracy. It enables employees to have the freedom to make decisions about their work, and they are encouraged to take ownership of their roles. This means that they are empowered to act as entrepreneurs and to be accountable for their decisions.
By doing so, they are motivated to be creative and to find ways to improve their performance, which leads to a more creative work environment. Zappos uses Holacracy as a management system to encourage creativity among employees. This has been achieved by giving employees the freedom to make decisions about their work, which allows them to be innovative and come up with solutions that best suit their roles.
Therefore, the correct answer is 'freedom.'
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The largest and most active financial market in the world is A. the London Metal Exchange in London. B. the New York Stock Exchange in New York. C. the foreign exchange market. D. none of the above.
The largest and most active financial market in the world is "the foreign exchange market". The correct answer is C.
The foreign exchange market is the largest and most active financial market in the world, with daily trading volumes exceeding trillions of dollars. It involves the buying and selling of different currencies around the world, and plays a vital role in facilitating international trade and investment. The London Metal Exchange and the New York Stock Exchange are important financial markets in their respective areas, but they are not as large or active as the foreign exchange market.
Therefore, the correct answer is C.
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What term refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business?
(a) Lean procurement
(b) Strategic sourcing
(c) JIT sourcing
(d) Vendor networks
(e) Third-party logistics.
The term that refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business is Strategic sourcing. Option (b) is correct.
It is a procedure that entails assessing present and potential suppliers and examining their offerings to ascertain the most economical and effective approach to obtain the products or services required for the company.
To choose the most economical and effective suppliers, strategic sourcing employs a holistic approach to supplier management.
This strategy also entails building enduring connections with the supplier in order to benefit both sides and negotiate advantageous terms and conditions.
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a bond with 16 years to maturity and a semiannual coupon rate of 4.96 percent has a current yield of 5.31 percent. the bond's par value is $2,000. what is the bond's price?
The bond's price with 16 years to maturity, a semiannual coupon rate of 4.96 percent, a current yield of 5.31 percent and the bond's par value of $2,000 is $2,183.42.
Price of the bond can be found by the following formula:
Price = (C/2) x (1 - 1/(1+r/2)^2n) + M/(1+r/2)^2n
Where, r = semi-annual yield to maturity, n = number of semi-annual periods to maturity, M = par value and C = coupon rate. r is also called as required yield.
1. First, calculate the semi-annual yield to maturity of the bond; this can be done by using the below formula:
YTM = (2 x C)/P + [(FV - P)/n] / [(FV + P)/2]
Where, YTM = Yield to maturity, C = Coupon rate, FV = Face value, P = Price, N = number of semi-annual periods to maturity
2. Then substitute the given values in the above formula:
YTM = (2 x 4.96%)/$2,000 + [($2,000 - P)/32]/[($2,000 + P)/2]
YTM = 0.0248 + [2000 - P]/64 / 1000
Then we get,
2.48% + 0.03125(2000 - P) / 1000
3. Let's simplify this as,
0.0248P + 31.25(2000 - P) / 1000
So,
Required Yield(r) = 2(0.0248P + 31.25(2000 - P) / 1000) = 0.0496P + 62.5
Then we can substitute the above value of r, in the formula of price and calculate it:
Price = (C/2) x (1 - 1/(1+r/2)^2n) + M/(1+r/2)^2n
Price = 20 x (1 - 1/(1+(0.0496/2))^32) + 2000/(1+(0.0496/2))^32
Price = $2,183.42
Therefore, the bond's price is $2,183.42.
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The financial services department of your company offers a competitive leadership program. After screening and interviewing all applicants, the selection committee has chosen to extend an invitation to Kallee Davalos and Matt Rightson. You have been asked to invite Kailee and Matt to participate in the leadership program. Should the tone for this message be formal or informal? Formal Informal Which communication channel would be most appropriate? Phone call Face-to-face meeting Formal report Instant message
The tone of the message inviting Kallee Davalos and Matt Rightson to participate in the leadership program should be formal. The most appropriate communication channel to use for this message would be a face-to-face meeting or a phone call.
In the given scenario, the financial services department of a company has selected two applicants, Kallee Davalos and Matt Rightson to participate in the competitive leadership program.
Now, the person who is supposed to invite these two individuals is asked whether the tone of the message should be formal or informal and which communication channel would be the most appropriate. It is always advisable to adopt a formal tone when dealing with professional matters such as this.
Therefore, the tone of the message inviting Kallee Davalos and Matt Rightson to participate in the leadership program should be formal. Using the right communication channel is also essential as it helps in conveying the message correctly.
In this case, since it is an official communication, it would be best to use a formal channel such as a phone call or a face-to-face meeting. These channels allow for better clarity and provide ample opportunity for the parties involved to ask questions and clear any doubts.
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Which agency would be in charge of enforcing workplace safety in an automobile manufacturing plant?
In the United States, workplace safety is enforced by the Occupational Safety and Health Administration (OSHA), which is a federal agency under the Department of Labor.
OSHA is responsible for ensuring safe and healthy working conditions for employees in all types of workplaces, including manufacturing plants.
In the case of an automobile manufacturing plant, OSHA would be the agency in charge of enforcing workplace safety. OSHA has specific regulations and standards that apply to the manufacturing industry, including requirements for machine guarding, electrical safety, hazard communication, and personal protective equipment.
OSHA conducts inspections and investigations of workplaces to identify hazards and violations of safety regulations. If violations are found, OSHA may issue citations and penalties, and require the employer to take corrective actions to address the hazards.
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Bad managerial judgments or unforeseen negative events that happen to a firm are defined as "company-specific," or "unsystematic," events, and their effects on investment risk can in theory be diversified away.
True
False
Answer:
false
Explanation:
what are the three primary ways to manage a product through its life cycle?
Modifying the market, modifying the product and repositioning the product are the three primary ways to manage a product through its life cycle
A product's life cycle is the span of time between its initial release and eventual discontinuation. The four stages of a product's life cycle are introduction, growth, maturity, and decline. When a product is first introduced to the market, a company often spends more on marketing, but as product usage rises, sales grow. When customer acceptability increases, a product's sales stabilize and peak, but they may subsequently begin to decline due to competition or obsolescence. Making business decisions about everything from pricing and advertising to expansion or cost-cutting may benefit from understanding the product life cycle.
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Which positioning base for a product or service focuses on a personality or type of consumer? a. Product class b. Attribute C. Emotion d. Product user
Answer: product user
The positioning base for a product or service focuses on a personality or type of consumer called the product user.
What is a product user? A product user is a method of positioning a product based on the type of person who would use it. For example, when targeting a certain demographic, a business might create an advertising campaign that appeals to that demographic's characteristics in order to draw them in.
Let's look at some examples:
Product User Positioning Base: Herbal essences are designed for people who are environmentally conscious and care about natural ingredients. Herbal Essences has positioned its goods as being environmentally friendly and natural, appealing to customers who value these characteristics. The product user positioning base is used in this situation. Product Class Positioning Base: In this situation, goods are positioned based on the product class to which they belong. Apple positioned its products as being at the cutting edge of technology, providing a wide range of cutting-edge gadgets. The positioning base for the product class was used in this case. Attribute Positioning Base: In this situation, the goods are positioned based on a specific attribute or feature that distinguishes them from the competition. Nike is well-known for its athletic footwear and apparel, which are designed to provide comfort, durability, and high quality. The attribute positioning base is used in this situation. Emotional Positioning Base: In this situation, products are positioned based on the emotions they evoke in consumers. Coca-Cola, for example, is positioned as being the “real thing,” or a product that makes you happy brings people together, and provides a sense of warmth and familiarity. The emotion positioning base is used in this situation.To learn more about “product user” refer to the https://brainly.com/question/25922327
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which of the following is not an investing activity? which of the following is not an investing activity? sale of merchandise for cash. purchase of investments for cash. purchase of equipment for cash. sale of land for cash.
The sale of merchandise for cash is not an investing activity. An investing activity is defined as the act of utilizing funds to acquire assets with the purpose of earning a profit on them over time. The process of investing can take many forms, from buying stocks and bonds to purchasing real estate or starting a small business.
Some types of investing activities are as follows:
Purchase of investments for cashPurchase of equipment for cashSale of land for cashHowever, the sale of merchandise for cash is not an investing activity. It is an operating activity. Operating activities are the main revenue-generating activities of a company's core business operations. The company generates cash by selling its goods and services, and this cash is used to pay expenses such as salaries, rent, and utilities.
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The value of a firm is derived using the firm's ---- rate and its ---- rate.
The value of a firm is derived using the firm's discount rate and its growth rate.
The discount rate is the rate at which future cash flows are discounted to their present value, while the growth rate is the rate at which future cash flows are expected to increase over time. The growth rate is a term used in business valuation that refers to the projected rate of increase of a company's earnings or revenue in the future.
In order to perform a financial valuation, an analyst must make predictions about future growth rates based on a company's history and other data sources.
The growth rate is a key factor in determining the value of a business. The rate at which earnings or revenue are projected to rise is known as the growth rate. The growth rate has an impact on the valuation of a company because it affects the level of future cash flows that will be generated by the firm.
This rate reflects the time value of money and the risk associated with an investment. A higher discount rate implies greater risk, which leads to lower valuations. Conversely, a lower discount rate implies lower risk, which leads to higher valuations
.The discount rate is used to calculate the net present value of a company's future cash flows. The net present value is the sum of the present values of all future cash flows that are expected to be generated by the business.
This value is an estimate of the total value of the business.
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a tool used to evaluate a company's current processes and assets such as internal communication, key audiences, databases, advertising messages, and promotions expertise is known as a(n) . multiple choice question.
The correct answer to the question “A tool used to evaluate a company's current processes and assets such as internal communication, key audiences, databases, advertising messages, and promotions expertise is known as a SWOT analysis.
What is SWOT Analysis?A SWOT analysis is a strategic management tool that helps businesses identify internal and external factors that could help or hurt their operations. SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats. The SWOT analysis is a widely-used method that can assist firms in assessing their current processes and assets such as internal communication, key audiences, databases, advertising messages, and promotions expertise. It identifies a company's strengths and weaknesses as well as the opportunities and threats present in its external environment (such as the market, consumers, competition, etc.). In summary, a SWOT analysis is a tool that can assist a company in examining its current processes and assets like internal communication, key audiences, databases, advertising messages, and promotions expertise. It aids businesses in recognizing their strengths, weaknesses, opportunities, and threats so that they can make informed strategic decisions.
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what is a bill of lading? it is a form that is filled out when requesting a credit memo it is used by a production department to request stock it is used to prepare product specifications it represents title to the products purchased
A Bill of Lading is a legal document used to outline the details of goods being transported and to act as a title of ownership for the goods, whereas a Credit Memo is an invoice sent to a customer used to reduce a customer’s total balance or for returns and adjustments.
A Bill of Lading is a legal document that serves as a receipt between a shipper and a carrier for goods that are being transported. It also serves as a contract between the shipper and the carrier and outlines the details of the goods being transported, including the type, quantity, and destination of the goods. In addition, it acts as a title of ownership for the goods, meaning that the person or entity with possession of the bill of lading holds legal title to the goods.
A Credit Memo is an invoice sent to a customer, typically in the form of a debit or credit that is used to document the sale of goods or services. It is used to reduce the customer’s total balance or for returns and adjustments. A Production Department typically uses a Credit Memo to request stock, prepare product specifications, and issue invoices.
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The cost of buying and selling a stock consists of
A. broker's commissions.
B. dealer's bid-asked spread.
C. a price concession an investor may be forced to make.
D. broker's commissions and dealer's bid-asked spread.
E. broker's commissions, dealer's bid-asked spread, and a price concession an investor may
be forced to make
The cost of buying and selling a stock consists of broker's commissions and dealer's bid-asked spread.
The answer is Option What is stock trading? Stock trading involves purchasing and selling shares of a publicly traded corporation on an exchange. Brokerages, stockbrokers, and brokerage firms provide investors with the necessary trading tools to buy and sell stocks. Stock trading includes a number of costs, including brokerage fees, dealer bid-asked spread, and price concessions an investor may be compelled to make. When purchasing and selling stocks, an investor must consider these expenses to determine the true cost of a trade. Therefore, the cost of buying and selling a stock consists of broker's commissions and dealer's bid-asked spread.
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hich of the following represents a legitimate increase in LTC policy premiums for existing insureds? a. Insurer A issued a premium increase notice for anyone whose claims experience had been 10 percent higher than originally anticipated. b. Insurer B raised the premiums of all its insureds in a particular city whose residents filed twice as many claims per capita than any other city. c. Insurer C raised the premiums of Lester's policy because he has shown symptoms of cognitive failing. d. Insurer D increased renewal premiums for all its insureds who are age 71 and over
d) Insurer D increased renewal premiums for all its insureds who are age 71 and over.
This increase in premiums is considered a legitimate increase for existing insureds because the insurer is basing the increase on the insured's age. Age is a factor that is taken into account when determining the premiums for LTC policies.
This increase is not based on any particular individual's claims experience or cognitive abilities; rather, it is a blanket increase based on the age of the insured. This increase is also likely within the insurer's authority to make, as it is not discriminatory and is based on a legitimate factor.
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Suppose that entry into the industry changes this firm's demand schedule from columns (1) and (3) shown above to columns (2) and (3). Economic profit will:
A) fall to $6.
B) decline to zero.
C) increase by $10.
D) fall by $10.
The economic profit of the firm will fall by $10 when entering into the industry changes the demand schedule from columns (1) and (3) to columns (2) and (3).
Economic profit is the difference between the total revenue (TR) of a company and the total opportunity cost of the company.
Economic profit = TR - Total opportunity cost
When the company has its original demand schedule, the economic profit is calculated as follows:
Total Revenue (TR) = (8x10) + (7x20) + (6x30) = 80 + 140 + 180 = $400
Total cost (TC) = $300
Therefore, Economic profit = TR - TC = $400 - $300 = $100
When the company has a new demand schedule, the economic profit is calculated as follows:
Total Revenue (TR) = (6x10) + (5x20) + (4x30) = 60 + 100 + 120 = $280
Total cost (TC) = $300
Therefore, Economic profit = TR - TC = $280 - $300 = -$20
As a result, economic profit will decrease by $10.
The answer is, "D) fall by $10."
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which models of decision making describe how managers actually make decisions? group of answer choices nonrational rational intellectual analytical
The (A) nonrational models of decision making describe how managers actually make decisions.
These models recognize that decision making is often based on incomplete information, intuition, and personal biases, rather than a rational and systematic approach. Nonrational models include the political model, which emphasizes the importance of bargaining, negotiation, and power, and the garbage can model, which views decision making as a messy, unstructured process in which problems, solutions, and decision makers are constantly changing and interacting.
Therefore, the correct answer option is A.
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during which part of the revenue recognition process does a change in control of the assets occur? select answer from the options below. A) at the beginning before the contract is signed B) in the middle C) at the end
During which part of the revenue recognition process does a change in control of the assets occur?The change in control of the assets occurs at the end of the revenue recognition process, and the revenue is recognized.
Revenue is recognized in the period when the work is done, and the money is exchanged for the services rendered. It is the fourth and final phase of the revenue recognition process. It is in this step where the recognition of the revenue is accomplished. This is achieved when the seller has passed control over the goods and services to the buyer. In order to recognize revenue, the following criteria must be met: the price of the goods or services has been agreed upon or is ascertainable, the seller's ability to provide the product or service has been demonstrated, and the seller has received payment or payment is expected to be received in the future. Hence, the correct option is option C, at the end.
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In the context of technology configurations, which of the following is true of continuous process technologies?A. They tend to require more supervision than other technologies.B. People are completely removed from the work itself.C. They provide a variety of low-volume, customized services.D. Communication tends to be highly formal.
In the context of technology configurations, it is true of continuous process technologies that:They tend to require more supervision than other technologies. So, the correct option is A.
What is continuous process technology?Continuous process technology is a technological approach that is widely used in manufacturing. It’s a production process that runs continuously, making it possible to produce goods at a constant speed. This is in contrast to batch production, which produces a certain number of items at a time.
Continuous process technologies have the following features:It is a production process that runs continuously, allowing for constant speed manufacturing of goods
.Automation is used to improve the efficiency of the process.Machines carry out the bulk of the work, and people only supervise.The technologies used are complex and need constant supervision.In conclusion, option A. They tend to require more supervision than other technologies is true of continuous process technologies in the context of technology configurations.
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Gap Inc.'s Sales, Cost of Goods Sold, and Gross Profit The consolidated balance sheets of Gap Inc. included merchandise inventory in the amount of $1,613 as of January 30, 2016 (the end of fiscal year 2015) and $1,623 as of January 31, 2015 (the end of fiscal year 2014). Net sales were $14,525 and $14,657 at the end of fiscal years 2015 and 2014, respectively. Cost of goods sold and occupancy expenses were $9,261 and $8,772 at the end of fiscal years 2015 and 2014, respectively. All amounts are from Gap Inc.’s 2015 Form 10-K.
Reconstruct the Cost of Goods Sold section of Gap Inc.'s 2015 income statement. Enter amounts in millions of dollars. For example, 12,400,000,000 would be entered as 12,400.
Gap Inc.
Cost of Goods Sold
For The Year 2015
Merchandise Inventory 1/31/15 $1623
Cost of Goods Purchased ?
Costo of Goods Available for Sale ?
Merchandise Inventory 1/31/16 $1613
5. Calculate the gross profit ratios for Gap Inc. for 2015 and 2014. If required, round the percentage to one decimal place.
Gap's 2015 gross profit ratio?
Gap's 2014 gross profit ratio?
The cost of goods sold section of Gap Inc.'s 2015 income statement can be reconstructed by taking the merchandise inventory as of January 31, 2015 ($1,623) and adding it to the cost of goods purchased during the year.
Cost of goods available for sale is calculated by subtracting the merchandise inventory as of January 31, 2016 ($1,613) from the cost of goods available for sale.
Gap Inc.'s 2015 Cost of Goods Sold:
Merchandise Inventory 1/31/15: $1,623
Cost of Goods Purchased: $9,261
Cost of Goods Available for Sale: $10,884
Merchandise Inventory 1/31/16: $1,613
Cost of Goods Sold: $9,271
Gap Inc.'s gross profit ratio for 2015 is calculated by taking the gross profit ($5,254) divided by the net sales ($14,525) and multiplying by 100. This gives us a gross profit ratio of 36.1%.
Gap Inc.'s gross profit ratio for 2014 is calculated by taking the gross profit ($5,885) divided by the net sales ($14,657) and multiplying by 100. This gives us a gross profit ratio of 40.2%.
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