Answer:
Marginal Propensity to Consume = 0.8
Explanation:
Marginal propensity to consume (MPC) exhibits consumer's spending behavior as to what percentage of extra dollar is spent from extra dollar of income.
MPC is calculated as Increase in consumption divided by increase in income.
MPC: Increase in consumption / increase in income: 4,000 / 5,000
MPC = 0.8
When a temporary negative supply shock hits the economy ________.
A. the divine coincidence holds in the shortminusrun
B. the divine coincidence does not hold in the longminusrun
C. the divine coincidence does not always hold
D. all of the above
E. none of the above
Answer:
C. the divine coincidence does not always hold
Explanation:
When a temporary negative supply shock hits the economy the divine coincidence does not always hold.
Which is the best approach for avoiding activation of the adductors during a floor bridge?
a. The feet should be wider than hip-width apart and straight ahead
b. The feet should be together and pointed straight ahead
c. The feet should be hip-width apart and straight ahead
d. The feet should be hip-width apart and turned out
Answer:
The correct answer is C
Explanation:
Floor bridge is one of the effective and useful exercise which works on the hamstrings of the person. It is performed by slowly pushing the heels, lifting the hips from the floor untill the body is in a position which is straight line from the knees to the shoulders.
So, the best approach in order to avoid any adductors while doing the floor bridge, one has to keep the feet, hip width apart and then straight ahead.
How does the U.S. Census Bureau define a family?
two or more people related by birth, marriage, or adoption who live in the same housing unit
Answer:
A family is a group of two people or more (one of whom is the householder) related by birth, marriage, or adoption and residing together; all such people (including related subfamily members) are considered as members of one family.
Explanation:
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Technically a property can be listed at any price, however deliberately misleading a client as to the market value of the property to guarantee a listing is an ethical violation. This practice is commonly referred to as
Answer:
"Buying" a listing
Explanation:
In real estate, the term "buying a listing" is generally used when an agent or person confidently tells you that a property you own can be sold for an outrageous amount (usually above what its worth), in order to get your listing.
______ is the extent to which a company's supply chain is focusing on minimizing procurement, production, and transportation costs. Select one:
a. Supply chain visibility
b. Supply chain efficiency
c. Supply chain analytics
d. Supply chain effectiveness
e. Supply network collaboration
Answer:
B. Supply chain efficiency
Explanation:
Efficiency consists in maximizing productivity while minimizing costs. Supply-chain efficiency, therefore, involves reducing costs and improving output in the production process, with the aim of increasing profit.
Peter, a British citizen, and Keith, a U.S. citizen, are employees of an electronics manufacturing company headquartered in London. While Peter works out of the London office, Keith operates out of the marketing unit in New York. Which of the following statements is true in this scenario?
A.
Peter is a host-country national.
B.
Peter is a parent-country national.
C.
Peter and Keith are expatriates.
D.
Keith is a third-country national.
E.
Keith is a home-country national.
Answer:
The correct answer is option B.
Explanation:
An electronics manufacturing company is headquartered in London. It has a marketing unit in New York.
Peter is a British resident, who works in the London office of the company. Keith is a US citizen and works in the New York marketing unit.
Since the company is headquartered in London, its parent country is Britain. The US is a host country for the company.
So Peter is a parent country national and Keith is host country national.
A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
A. rose 60% from the cost of the market basket in the base year.
B. equaled $160 in 1983.
C. equaled $160 in 1996.
D. rose 160% from the cost of the market basket in the base year.
Answer:
A. rose 60% from the cost of the market basket in the base year.
Explanation:
The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.
A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.
The formula to find the adjusted consumer price index is:
Adjusted CPI = (CPIn / CPIb) - 1
Where:
CPIn = consumer price index in selected year (in this case 1996)
CPIb = consumer price index in base year (in this case 1982-1984)
Empirical results estimated from historical data indicate that betas _________.A. are always close to zeroB. are constant over timeC. of all securities are always between zero and 1D. seem to regress toward 1 over time
Answer: D. Seem to regress toward 1 over time.
Explanation:
Empirical results are proven facts with scientific evidence. Betas tend to change over an estimated period. They regress toward 1 over time. Therefore, other options are wrong.
A company incurred $1,000 in costs to produce 500 units which sell for $1,500. Upon inspection, it was determined the units were defective and reworking the units would cost an additional $1.50 per unit. The defective units can be sold as is for $1.00 each. How should the company handle the defective units?
Selling the defective units as they are would generate $500 while reworking them would cost an additional $750. On selling the reworked units for $1500, the company would still make a loss of $250. Therefore, it's best to sell the units as they are.
Explanation:The company incurred a cost of $1,000 to produce 500 units, if it sells the units as they are, defective, it earns $1 * 500 units = $500. Reworking the units would cost an extra $1.50 * 500 units = $750. After reworking the units, they can be sold for $1,500, which results in profit of $1,500 - ($1,000 original cost + $750 reworking cost) = -$250. If these costs are considered, it seems the company should sell the defective units as they are rather than reworking them due to additional costs that exceed their revenue.
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Reworking the defective units results in a smaller loss ($250) compared to selling them as is ($500). Therefore, the company should choose to rework the defective units.
Handling Defective Units
Given the company's situation, it needs to decide between two options: selling the defective units as is or reworking them. Here are the calculations for both options:
Option 1: Selling Defective Units As Is
Revenue from selling as is: 500 units x $1.00/unit = $500Cost: already incurred $1,000 for productionTotal loss: $1,000 - $500 = $500Option 2: Reworking the Units
Additional cost to rework: 500 units x $1.50/unit = $750Total cost after reworking: $1,000 (initial cost) + $750 (reworking cost) = $1,750Revenue after reworking: 500 units x $3.00/unit = $1,500Total loss: $1,750 - $1,500 = $250Summary: Reworking the units results in a lower loss ($250) compared to selling them as is ($500). Therefore, the company should choose to rework the defective units.
The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.
A. double
B. triple
C. quadruple
D. multiply by ten
Answer:
A. double
Explanation:
Rule 70 is used to calculate the numbers of years it takes for an investment or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is inflation rate. It is calculated by dividing number 70 by inflation rate.
For example;
Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years
And if inflation is 2%, the prices will double in 70/2 = 35 years
What is the meaning of the X-
and Y-intercepts?
A. These points demonstrate an inefficient use of resources.
B. These are the limits of production if all resources are used to produce both goods.
C. These points show the preferred amount of goods X and Y that a society will produce.
D. These are the limits of production if all resources are used to produce only one good.
Answer:
B. These are the limits of production if all resources are used to produce both goods.
Explanation:
The inerseption of PPF curve on the X & Y axis indicates the maximum quantities which can be produced when all the inpts are devoted to the production of that product only
Your job objective should be vague so that it can be reused when applying for different jobs.
1. True
2. False
Answer: False
Explanation:
When an item is vague, it means the item is unclear and not really having a specific direction.
The job objectives needs to be clear in describing what the job applicant seeks to achieve in a job and the kind of skills the applicant possesses that make him the best fit for the job being applied for.
Job objectives can be drafted in such a way as to meet up with the demands of each job being applied for.
Answer:
false
Explanation:
just took quiz
Jay Farnswood is the president of a local group of real estate agents. At their monthly luncheon meeting, Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted, "I don't know what the rest of you are going to do, but I am going to charge 6 percent commission on all my listings starting today."
Farnswood's statements:
a. constitute price-fixing.
b. only reflect his intentions; there is no agreement to fix prices.
c. constitute an attempt to monopolize.
d. none of the above
Answer: Option A
Explanation: Price fixing is an arrangement between competitors that increases, decreases, or flattens rates or competing terms. In particular, the antitrust laws demand that each corporation, without negotiating with a competitor, set prices and other conditions by itself.
Price fixing applies not just to costs, but also to certain words that influence customers ' values, such as delivery charges, guarantees, rebate schemes, or levels of funding.
If $50,000 is invested at a simple interest rate of 8 percent, what is the net amount payable at the end of five years?
A.
$70,000
B.
$50,000
C.
$60,000
D.
$80,000
E.
$90,000
Answer:
A - 70,000
Explanation:
Simple interest rate means that same amount of interest will be earned on the original amount invested, ie 50,000.
So, interest for one year is 50,000 * 8% = 4,000. So for 5 years, total interest will be 20,000 (4,000 * 5 years). Hence total amount is $ 50,000 + $20,000 = $70,000.
Answer:
A. $70,000
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Employees of Magnificent Manufacturing are spending the weekend restoring a home for a local family in need. The company and some of its vendors have provided all the necessary materials and company employees will make the repairs. Magnificent Manufacturing has written a news release and sent it to the local television stations and newspapers. This is an example of ________.
Answer:
The correct answer is Public relations.
Explanation:
Public relations (PR) are a set of strategic communication actions coordinated and sustained over time, whose main objective is to strengthen ties with different audiences, listening to them, informing and persuading them to achieve consensus, fidelity and support in present and future actions.
A set of techniques whose objective is to establish a link between the stakeholders or target market is called public relations. Its objectives are carried out using a chain of strategic communication actions. According to the intended result, the public relations technician seeks to sell, influence, promote, mutate the image or publicize the interests of his client. For this it uses methods, theories and techniques of advertising, marketing, design, politics, psychology, sociology and journalism. It is estimated that currently 80% of the contents in the media come from the actions of a public relations.
We must not always talk in the marketplace of what happens to us in the forest meaning?
Answer:
one must not tell to everyone and publicly what happens privately.
Explanation:
The above phrase is a sentence from the book The Scarlett letter by Nathaniel Hawthorne. The marketplace in this phrase means the public while the forest can be likened to privacy. It simply measn that one should keep thingd to himslef as much as posisble rather than telling it all over the place.
Cheers.
Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body
Answer:
International Monetary Fund, IMF and the World Bank
Explanation:
The Bretton Woods Agreement was negotiated in July, 1944 which established a new global monetary system. It made US dollar the global currency and replaced gold standard.
This agreement created The World Bank and International Monetary Fund (IMF) which would monitor the new monetary system.
The Bretton Wood system was dissolved in 1970's but IMF and The World Bank still exist and are strong pillars of global monetary system.
Mark is a manager for Cable Connection. He spends most of his time scheduling the specific service calls that each employee performs during the day, verifying job completion, and evaluating employee performance on each call. These responsibilities suggest that Mark is a supervisory manager
A. True
B. False
Answer: True
Explanation:
A supervisory manager is employed to monitor and evaluate the performance of employees.
A supervisory manager must be very skillful in managing people and time.
A few examples of the job functions of a supervisory manger are listed below :
• Helping the employee understand their roles and the nature of the task to be accomplished
•Ensure that workers are properly equipped for their job.
•Coordinate the entire team and help them get along
•Organize work and schedule time.
•Update the management with accurate report, etc.
A lender who refuses to make loans on property in certain neighborhoods is demonstrating the discriminatory practice of:_________a. blockbustingb. redliningc. servicingd. steering
Answer:
redlining
Explanation:
Redlining refers to an unethical technique that puts facilities (financial and other as such) out of control from race, ethnicity or gender for residents of some specific areas.
Instead of personal credentials and ability to repay, redlining can be viewed in the systemic refusal of loans, mortgages, insurances and other location-based financial services. In particular, members of minority areas worry the most about the strategy of redlining.
Thus, from the above we can conclude that the correct option is B .
The discriminatory practice of a lender refusing to make loans based on property location is known as redlining.
Explanation:A lender who refuses to make loans on property in certain neighborhoods is demonstrating the discriminatory practice of redlining. Redlining is the intentional and discriminatory withholding of services, such as loans, to residents of certain areas based on racial or ethnic makeup. Banks and other financial institutions practiced redlining by refusing to issue mortgages or loans to people from racial or ethnic minorities living in neighborhoods that were deemed "hazardous" to investment, while providing such services to White people with similar economic status. This practice has been illegal and contributes to the institutional discrimination that perpetuates educational and financial disparities across different communities.
It is important for a property management agreement to include provisions defining the responsibilities of________.
Answer:
The manager and the owner.
Explanation:
Property management agreement is a contract between the owner and the manager. And this agreement defines the duties and responsibilities that both the property owner and the property manager will maintain.
Jared runs a personal training studio, earning $5,000 last month. His fixed costs are $4,000, and his variable costs are $3,500. Should Jared shut down his business immediately?a) Yes, because he is clearly losing money.
b) Yes, because $5,000 cannot cover his fixed costs.
c) No, because $5,000 covers his fixed costs.
d) No, because $5,000 covers his variable costs.
Answer:
Correct answer is C. No, because $5,000 covers his fixed costs
Explanation:
Jared should not shut down immediately his business despite of the loses for the month. Earnings for the month can still cover the fixed cost of the period and there is still a huge possibility that it can recover in the forthcoming periods. Matching principle in recognition of income might also be a reason for the said loses. Jared should still forgo in running the business.
A canadian agent has an existing client who goes on vacation to Seattle, Washington. The agent wishes to contact the customer in seattle about an investment that he wishes to recommend. The agent:
Answer:
The exception is due to vacation.
Explanation:
This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.
Nori Store contracts to purchase $1,000,000 of goods from a clothing manufacturer. Nori pays $100,000 as a down payment, and the first $200,000 worth of goods are delivered. The goods are materially defective, and the defect cannot be cured. Nori _______.
A. must sell the goods even with the defectB. is obligated under the $1,000,000 contractC. must pay the additional $100,000D. can rescind the contract and receive its $100,000 backE. can rescind the contract, but it cannot get its $100,000 back
Answer: E
Explanation:can rescind the contract, but it cannot get its $100,000 back.
It's already a fixed contract, he can only rescind the contract but would have his money at stake
Based on the fact that the goods are defective, Nori can rescind the contract, but it cannot get its $100,000 back.
What is an Agreement?This refers to the legally binding deal between two or more persons where they agree on a thing.
Hence, based on the fact that Nori Store has been contracted to purchase $100,000 worth of goods, and there has been a down payment but the goods are defective, then Nori can rescind the contract, but it cannot get its $100,000 back.
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You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Your analysts have been working on a research report for Dot Com Incorporated, a company which also has a pending investment banking relationship with your firm. You are concerned because all of the analysts in your department that have worked on the report have determined that the security is overvalued, and you agree. This may negatively affect the relationship between the two firms. What are your actions in this situation?[A] Notify Dot Com Incorporated's officers and their board of directors as to the upcoming negative report and delay the report's scheduled issue date.[B] Have your analysts review their analysis, highlighting the positive aspects of the company while downplaying the negatives.[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.[D] Have the investment banking side of your company hurry the deal along, only releasing the negative report after the deal has gone through.
Answer:
[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.
Explanation:
Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.
It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.
On January 2, 2019, Kornis Corporation acquired equipment for $1,000,000. The estimated life of the equipment is 5 years or 100,000 hours. The estimated residual value is $20,000.
What is the balance in Accumulated Depreciation on December 31, 2019, if Kornis Corporation uses the double−declining−balance method of depreciation?
Answer:
$392,000
Explanation:
Double-declining-balance method is (2/useful life) x cost -accumulated depreciation)
cost = purchase price - residual value
2/5 x( 1000000-20000)
= $392,000
A plan that lists the types and amounts of operating expenses expected that are not included in the selling expenses budget is a:a. Sales budget b. General and administrative budget c. Capital expenditures budgetd. Selling expense budget e. Purchases budget
Answer:
C- general and administrative budget
Explanation:
The general and administrative expense budget focuses on operating expenses like administrative salaries, depreciation, and office expense. They are non- selling expenses
If the insured qualifies for long-term care benefits based on being chronically ill as defined in the Long-Term Care rider, how will this impact the ultimate death benefit payable to the beneficiary?
Answer: The person will either LOSE the ultimate death benefits or the death benefits will be REDUCED.
Explanation:Long-Term care Rider is a life insurance policy where the policy holder seeks accelerated payment of his death benefits due to a chronic sickness or a terminal health issue. This insurance product ensures the terminally ill gets his or her death benefits paid during his lifetime for him to take of his health condition. The beneficiary will lose all or some of his or her death benefits.
When an insured individual receives long-term care benefits due to chronic illness, these benefits are deducted from the total death benefit, thereby reducing the amount paid to beneficiaries upon the insured's death.
If an insured individual qualifies for long-term care benefits due to being chronically ill as stipulated in the Long-Term Care rider, the death benefit payable to the beneficiary can be impacted. Typically, when these benefits are paid out for long-term care, they are usually deducted from the total death benefit amount of the policy. Consequently, the ultimate death benefit that will be paid out to the beneficiaries upon the death of the insured will be reduced by the amount of long-term care benefits that were already paid during the insured's lifetime. This is because the policy is essentially advancing part of the death benefit to meet the insured's care needs while they are still alive.
Suppose a competitive firm and a monopolist are both charging $5 for their respective outputs. One can infer that:________
a. marginal revenue is $5 for both firms.
b. marginal revenue is $5 for the competitive firm and less than $5 for the monopolist.
c. marginal revenue is less than $5 for both firms.
d. the competitive firm is charging too much and the monopolist too little.
Answer:
b. marginal revenue is $5 for the competitive firm and less than $5 for the monopolist.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
Firms in a perfect competition are price takers. Price is set by forces of demand and supply.
In a perfect competition, price = marginal cost = marginal revenue =$5.
A monopoly is when there's only one firm in the industry.
A monopoly firm is fhe price setter.
In a monopoly, price is greater than marginal revenue. Therefore, the marginal revenue is less than $5.
I hope my answer helps you.
Answer: B. Marginal Revenue is $5 for the competitive firm and less than $5 for the monopolost
Explanation: Perfect competition firms are large number of buyers & sellers , homogeneous products & uniform prices , perfect information .
Monopolist refer to a single seller catering many buyers with no close substitues & restricted entry , being the price maker . Eg : Indian national railways
MR Additional revenue from additional unit sold , AR Average revenue per no. of units sold
Average Revenue curve is the demand curve .
** In case of perfect competition , AR = MR = demand curve (as this curve is horizontal parallel to x axis because of uniform price & perfectly elastic demand )
This implies that any amount of goods can be sold at prevailing uniform price .
** In case of monopolist , demand / AR curve is simply downward sloping (just as per law of demand) and the MR curve lies below it . Such because MR falls more steeply , has more slope than AR curve because of the former being affected by singular additional units & the latter being affected by all the units sold .
Jason’s company has always emphasized that every employee is an important part of the company’s success and does not highlight individual achievements. By emphasizing the group, Jason’s company will most likely
A. expose managers to different ways of doing business.
B. foster dynamism and entrepreneurship.
C. fail to facilitate self-managing work teams.
D. discourage employees from moving from company to company.
E. encourage competition between members of the group.
Answer:
By emphasizing the group, Jason’s company will most likely - discourage employees from moving from company to company. Option D is the correct answer to the question. These employees would feel appreciated and part of the company and may not see much need to seek employment else where.
Explanation:
Option A is incorrect. Employee is the general term that covers both Managers and non-managers at work. Where there is no emphasis on individual achievements at the work place, there would be lesser dynamism which makes Option B, incorrect. Emphasis on individualism can also lead to unhealthy competition between members and that makes option E, incorrect. Option C is also incorrect; recognizing the importance of every member in an organization does not mean failure to facilitate self-managing work teams.
Final answer:
Jason's company, by focusing on group achievements, likely fosters a cohesive and morale-boosting environment that minimizes internal competition, contrary to encouraging it.
Explanation:
By emphasizing the group over individual achievements, Jason’s company most likely encourages a work environment that values collective success and discourages competition between members. This approach aligns with findings from various studies showing that emphasizing the group fosters a sense of community, boosts morale, and enhances productivity by promoting cohesion and minimizing interpersonal competition. Such an environment does not readily expose managers to different ways of doing business (A), foster dynamism and entrepreneurship (B), or fail to facilitate self-managing work teams (C). Instead, it may discourage employees from moving from company to company (D), as they feel valued as part of a cohesive team, and encourage competition between members of the group (E) is least likely, considering the company's emphasis on group achievements over individual accolades.
An equipment producer is introducing a new type of paint sprayer to sell to automobile body-repair shops. The sprayer saves labor time, does as good a job with less expensive paint, and requires less work polishing. The seller should probably use:
Answer: value in use pricing
Explanation: In simple words, value in use pricing refers to the pricing strategy in which the producer of the commodity prices its goods in such a way that the good with highest utility value to the customer will gets highest price and vice- versa.
In such a pricing stare the producing entity focuses on customer preference rather than the cost of production while fixing the market price. For example - Ferrari charges higher price for its red sports car in comparison to other colors offered.
Hence from the above we can conclude that the company is using value in use pricing strategy.