Answer:Marketing Information Management
Explanation:The process of monitoring, organizing and analyzing the results of data collected from the marketplace with an aim of developing strategies for marketing activities is Marketing Information Management.
Demographics relates to statistical data of a given population. Such as the age, gender, race and so on.
As such, a research of demographics of a fan base is closely associated with marketing information management as the information gathered will be relevant for forecasting.
Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the concert. When he arrives at the concert, five different people offer him $70 for his ticket. Jack decides to keep his ticket. The cost to Jack of seeing Bo Bice is: A). $30. B). $40. C). $70. D). $70 plus his forgone earnings. E). $350.
Answer:
$70
Explanation:
The cost to jack of seeing BO Bice is $70. The cost of ticket, and forgone earning should not be considered because these are the sunk cost. And we do not count sunk cost because we can't recover them. The only cost that should be considered is opportunity cost. opportunity cost is $70.
The cost to Jack of seeing Bo Bice is $30.
Explanation:The cost to Jack of seeing Bo Bice is $30.
Before the concert, Jack paid $30 for the ticket. Even though he had the opportunity to sell it for $70, he decides to keep it. Therefore, the cost of seeing Bo Bice is still $30.
It is important to note that Jack's forgone earnings are not considered in this scenario.
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Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in business, Korey has made the decision to bring on an extra hand to help run the store in the afternoons. The new employee will make $435 per month. How does this change affect Korey's monthly net income?
Answer:
ADDITIONAL REVENUE & ADDITIONAL COST
Explanation:
If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income
1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement
2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.
Answer:
c
Explanation:
In the Scrum method, during which As a manager, you want to praise a team member, Phil, for doing a good job on a particular project. However, you know he tends to be an introvert. Which communication method would Phil be most comfortable with_______.
Answer:
One On One Approach
Explanation:
Phil being an introvert, the best approach is to call him in to a pivate meeting and appriciate his work and effort towards the team.
Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Jackson Company will
A) debit Land for $200,000.
B) credit Common Stock for $192,000.
C) debit Land for $192,000.
D) credit Paid-In Capital in Excess of Par for $196,000.
Answer:
C) debit Land for $192,000.
Explanation:
Given that
Par value of stock = $1
Actively traded per share = $64
Number of shares issued = 3,000 shares
Acquired value of land = $200,000
By considering the above information, the calculation would be done as follows
Land value would be
= Number of shares issued × actively traded per share
= 3,000 shares × $64 per share
= $192,000
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include:
A. the cultures of the two countries should be relatively similar and compatible.
B. the climate for foreign direct investment in the importing nation is relatively favorable.
C. export and import regulations are not insurmountable.
D. all of the above.
E. two of A, B, and C.
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.
Many products sold to a foreign investor need no export license. Both products are however subject to the laws and legislation on export control. The easiest way to find if an item needs an export license is to verify which authority has control over the commodity you are attempting to sell, or controls it.Focusing on a nation that is a significant purchaser of exports offers managers the advantages of cultural compatibility, a favorable investment climate, and manageable trade regulations, leading to answer D (all of the above) being correct.
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include several factors. Among these, we can consider:
Cultural compatibility: If the two countries already have a significant trade relationship, it is likely that the cultures might be relatively similar, facilitating easier communication and understanding in business dealings.
Investment climate: A nation that is already a major importer may have a favorable climate for foreign direct investment (FDI), implying that it is open to doing business with foreign companies and offers a conducive environment for trade expansion.
Regulatory backdrop: Export and import regulations between the two countries are likely to be established and manageable, given the existing trade volume, making it easier to continue business operations there.
Therefore, the correct answer would be D. all of the above.
Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency
Complete/Correct Question:
Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?
a. labeling
b. economic strains
c. undifferentiated arousal
d. social bonding
e. differential association
Answer:
E, Differential association
Explanation:
Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.
To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.
Cheers.
Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in North America?
Answer:
5% approx
Explanation:
Given that
Number of people in the world = 6.25 billion
And the number of people live in North America = 310 million
So, the percentage of the world population lives in North America would be
= (Number of people live in North America ÷ Number of people in the world) × 100
= (310 million ÷ 6.25 billion) × 100
= 5% approx
Answer:
5%
Explanation:
Divide 0.310 billion by 6.25 billion to find that 0.310/6.25 = 4.96% of the world's population lives in North America. To the nearest whole number, this is 5%.
You have just created the "perfect" ad. It communicates the full mix of benefits upon which the brand is differentiated and positioned. This full positioning of the brand is called ________.A) its value propositionB) target marketingC) capturing the consumers' attentionD) value profilingE) differentiated marketing
Answer:
A) its value proposition
Explanation:
A good brand value proposition should state all the benefits of your product or service since it is the promise that your brand (or company) is delivering to potential or current customers in order for them to purchase your product or service instead of the competition's.
A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of art that interests them. The gallery uses thisinformation to inform the customers when new products arrive from their favoriteartists and targets them with special promotions. In this way, the gallery is using_______ to build loyalty among its customers.
a)Value co-creation
b)Customer relationship management
c)Transactional marketing
d)B2B marketing
e)The supply chain
Answer:
A - Value co - creation
Explanation:
Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy, consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects Mary has just proceeded through the _____ stage of consumer decision making.
a. evaluative categorization
b. cognitive dissonance
c. need recognition
d. purchase evaluation
Answer:
C) need recognition
Explanation:
The need recognition stage is usually referred to as the problem identification stage. This is the first stage of the consumer decision making process, since the customer realizes that she has an unsatisfied need and is willing to acquire a good or service that will satisfy it.
Usually consumers identify problems or needs through internal factors, e.g. someone is hungry and needs food, or through external factors like advertisement, e.g. I just saw an ad about a new software that can make help me finish my accounting tasks faster.
Mary's decision to purchase a cellular booster after experiencing dropped calls represents her moving through the need recognition stage of consumer decision making, identifying a gap between her current situation and desired state.
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects that Mary has just proceeded through the need recognition stage of consumer decision making. This stage occurs when a consumer identifies a difference between their current state and a desired state. In Mary's case, the recognition was the frustration from dropped calls which hindered her client communication, leading her to realize she needed a solution. Following this recognition, purchasing a cellular booster represents the action taken to address this identified need, thereby exemplifying the connection between recognizing a need and initiating a purchase to fulfill that need.
______ argue for less government intrusion into the economy and decision making within business and industry.
Answer:
Conservatives
Explanation:
Conservatism a political philosophy which supports economic individuality, individual liberty with minimal government presence. Conservatism is a political ideology of a free market persuasion where tax by the government if any should be very small. They believe that government is only to concern itself with the provision of services that individuals are unable to provide as a result of some obvious constraint.
Libertarians and Conservatives typically argue for less government interference in economic matters, preferring a system called laissez-faire capitalism. This approach allows businesses to function independently, without government intervention, potentially leading to economic inequality and a lack of protection for consumers and workers.
Explanation:In the field of economics and particularly within the boundaries of political economy, it is generally the Libertarians and Conservatives who argue for less government intrusion into the economy. They advocate for a system called laissez-faire capitalism. The term 'laissez-faire' is French for 'let do', meaning letting things take their own course, without interference. Under this system, decisions about production and investment are determined by private individuals and businesses, rather than by governments or cooperative bodies. Critics, however, argue that laissez-faire capitalism can lead to economic inequality and lack of protection for consumers, workers, and the environment.
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The nurse educator asks a student to list the 5 main categories of complementary and alternative medicine (CAM), developed by the National Center for Complementary and Alternative Medicine. Which statement, if made by the nursing student, indicates a need for further teaching regarding CAM categories
Answer:
Explained below.
Explanation:
A nurse educator questions to a student, to list the 5 main categories of complementary and alternative medicine CAM, developed by the NCCAM. The statements which were made by the nursing student indicates a need for further teaching regarding CAM categories are as follows:
* Massage therapy as well as magnetic therapy are a focus of CAM.
* Massage therapy, as well as magnetic therapy, are therapies within particular categories of CAM.
Raven has successfully added her location to Google My Business. She knows she has options for verification, including use of a phone call or e-mail. How else can she verify her location?
A. With a downloaded mobile app.B. With a state-issued business license.C. With a visit to a local Google office.D. With a postcard delivered by mail.
Answer: With a postcard delivered by mail.
Explanation:
The best way Raven can verify her business address displayed on the internet, is for her to ask someone to check the internet for her company address and send a post card to her company address via mail. Postal cards are mails that are sent to an address without envelopes.
As she has options for verification including use of a phone call or e-mail, she can verify her location with a postcard delivered by mail. The Option D.
How will the postcard delivery verify her location?When she chooses this method, Go/ogle will send a physical postcard to the address she provided during the verification process. This postcard typically contains a verification code. Once Raven receives the postcard, she can log back into her Go/ogle My Business account and enter the verification code to confirm her location.
This method ensures that the business's physical address is accurate and helps maintain the integrity of Go/ogle's business listings. It is a reliable way to verify the legitimacy of a business's location on the platform.
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A customer's accountant telephones an investment adviser and wishes to place orders for the customer's account. Which statement is TRUE under the NASAA Statement of Policy?
A. The investment adviser can accept orders for 10 business days under the accountant's oral instructions
B. The investment adviser can accept any instructions from the accountant
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
D. The accountant must be a CPA in that State for the investment adviser to accept the accountant's instructions
Answer:
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana, but not a fourth banana. Which of the five foundations of economics best describes Marie’s thinking?
Answer:
Marginal Thinking
Explanation:
The economic principle of marginal thinking means that rational people (people who act in a way that maximizes their personal well-being) think and take decisions at the margin.
From the concept of marginal thinking, we derive concepts such as marginal utility, which is the extra benefit that a person obtains from the consumption of one extra unit of a good, and marginal cost, which is the extra cost a person must pay from the consumption of one more unit of a good.
If the marginal cost is higher than the marginal benefit, a rational person decides not to consume the good.
Marie is affected by marginal utility and marginal cost because while she considers that three bananas for $0.25 is a deal that benefits her, a fourth banana would represent a marginal utility that is less than the marginal cost, thus, she decides not to buy the fourth banana.
Using the above information, which kind of investor would likely turn the greatest profit in this market, given that each of them purchased a house in this area at year 0?
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
b. A house flipper, who will sell the house as soon as the market increases its value.
c. A moderate-term investor, who will sell the house once it reaches a certain price.
d. A cautionary investor, who will sell the house in order to minimize losses as soon as the prices begin to drop.
Answer:
The correct answer is (A)
Explanation:
People are more successful in housing business who invests for a longer period. Housing prices do not fluctuate rapidly which is why a long term investor who holds the house for a longer period will likely to earn greater profit compared to those who will hold the house for a short-term period. The short-term investor will earn profit but a small percentage whereas long-term investors will earn a greater profit which depends on how long they can hold on to the house.
Answer:
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
Explanation:
got it right
The evidence on the supply curve of financial capital is controversial, but at least in the short run, the elasticity of savings with respect to the interest rate appears to be __________.A) elasticB) inelasticC) perfectly elasticD) negative
Answer:
A) Elastic
Explanation:
The evidence on the supply curve of financial capital is controversial, but at least in the short run, the elasticity of savings with respect to the interest rate appears to be elastic
Elasticity is when change in a given factor triggers a big reaction in the other variable under consideration. Interest rates are elastic in relationship to savings which explains why in macroeconomics, one of the ways to trigger savings and reduce money in circulation is by increasing interest rates.
When interest rates are high, savings are high although it cannot be said that the relationship is perfectly elastic because even with drop in interest rates people still save but not as much.
In the short run, the elasticity of savings with respect to the interest rate appears to be elastic.
Explanation:The evidence on the supply curve of financial capital is controversial, but in the short run, the elasticity of savings with respect to the interest rate appears to be elastic. When savings are highly responsive to changes in the interest rate, it indicates a high elasticity, meaning that a small change in the interest rate leads to a proportionately larger change in savings. This can be demonstrated by a steep flatter supply curve.
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Linking rewards to performance ________.
A) helps to motivate managers
B) allows companies to charge premium prices
C) should only be based on financial information
D) enhances agency costs
Answer:
Linking rewards to performance helps to motivate managers
Explanation:
Rewards helps to boost performance as it serves as motivation to do more, there are different forms on incentives that could be used to motivate employees in order to improve their performance and also allows such organization to reach their target and make more profits
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that ______
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.
Explanation:
In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.
Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.
The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.
15. Honda developed its new CR-Z hybrid model for a distinct segment of consumers as a fun, green, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of which of the following? Market positioning. TRUE or FALSE
Answer:
True
Explanation:
Marketing positioning is a strategy that establishes a specific perception of a product or brand in relation to the competitors. This involves marketing the product or brand in a certain way that creates an image in the customer's mind. According to this, it is true that the example refers to market positioning because Honda is trying to establish the new CR-Z hybrid model in the mind of the customers as a fun, green, sporty hybrid that is uniquely different from other hybrid models. So, Honda is trying to create a perception of the product in relation to its competitors.
Margie has applied for a job with the Lumineer Company. She was asked, "how would you handle an angry customer?" and "If you caught a coworker lying, what would you do?" These are examples of questions you would hear in _________.A) aptitude-interest testsB) vocational interest testsC) typing testD) personality testsE) communications test
Answer:
PERSONALITY TESTS
Explanation:
A personality test is a means of testing the constructions of human consciousness. Many methods for personality evaluation are in reality contemplative self-report test assessments or life experience surveys, like rating scales.
There are many various types of tests for determining temperament. The collection of self-report includes the management of many items that enable participants to determine their own personality traits analytically. Thus, from the above we can conclude that the correct option is D.
A client with multiple myeloma presents to the emergency department complaining of excessive thirst and constipation. His family members report that he has been confused for the last day. Which laboratory value is most likely responsible for this client's symptoms?1. Platelet count 300,000/mm32. Serum calcium level 13.8 mg/dl3. Serum sodium level of 133 mEq/L4. Hemoglobin of 9.8 g/dl
Answer:
2. Serum calcium level 13.8 mg/dl
Explanation:
Based on the information provided that the client has multiple myeloma and also experiences immoderate thirst and constipation, there is the possibility of serum calcium in his system. This is because a serum calcium level of 13.8 mg/dl is known to cause several medical conditions such as immoderate taste, dehydration, confusion, and constipation.
Taylor Industries stock is selling for $26 a share. You would like to purchase as many shares of this stock as you can. Your margin account currently has available cash of $4,700 and the initial margin requirement is 60 percent. What is the maximum number of shares you can buy?
A. 193 shares
B. 287 shares
C. 301 shares
D. 360 shares
E. 408 shares
The maximum number of shares that we can buy is 301 shares.
Option C
Explanation:
margin account is the one that allows us to purchase a greater notional value of securities than the account's cash value.
Here, the margin account currently has available cash is $4700.
Maximum purchase can be calculated by dividing the margin account value divided by initial margin requirement.
Therefore, maximum purchase = $4,700/.6 = $7,833.33
Cost of one share is $26.
Maximum number of shares = $7,833.33/$26 = 301.269 which is approximately 301 shares, rounded down to the last full share.
A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The average price of a lift ticket is $20 and there are 2,500 tickets sold daily on average. The estimated price elasticity of demand is 1.5 and the lifts are currently operating at an average of 75 percent of capacity. Which of the following methods is most likely to increase the ski area's revenues and profits.
A. a 10 percent increase in the average price of a lift ticket.B. an aggressive advertising campaign.C. a 10 percent increase in the average price of a lift ticket combined with an aggressive advertising campaign.D. a 10 percent decrease in the average price of a lift ticket.
Answer:
D. a 10 percent decrease in the average price of a lift ticket.
Explanation:
When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.
Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.
Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.
A 10 percent decrease in the average price of a lift ticket is the most likely method to increase the ski area's revenues and profits, given the price elasticity of demand of 1.5. This figure indicates that consumers are very responsive to price changes, and therefore, a price decrease is predicted to lead to increased demand and, consequentially, increased revenues and profits.
Explanation:The most likely method to increase the ski area's revenues and profits, given the price elasticity of demand of 1.5, is D. a 10 percent decrease in the average price of a lift ticket. The price elasticity of demand indicates how responsive consumers are to price changes. Given an elasticity greater than 1, consumers are considered highly responsive to price changes, meaning that a decrease in price would likely lead to an increase in demand, thereby increasing the total revenues. While aggressive advertising could help boost demand, its impact is usually less immediate and less predictable than price changes. So, option D is the most likely immediate remedy to increase revenues and profits.
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The Simply Gum company has a goal of increasing traffic to its website and raising its purchase conversion rate by 15%. What type of metrics should it capture from its website to reach these goals?
Answer:
Unique visitors (Special visitors), search engine traffic, conversion rate.
Explanation: For the simply fum company to reach it goals with will have to start checking and making entry of its Unique visitors( visitors of special interest either new or existing that helps to build it's traffic). It also has to start checking the search engines to know how well the company is been searched and what possible ways can it build that traffic.
Through the data obtained from it's purchase conversion rate it will enable the company to know how much more is required to reach it's goals.
Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event will affect the company’s accounting equation? The letters ""NA"" indicate that the component of the equation is not affected.
Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
The seller and buyer have countered back and forth for several days. The two parties have verbally agreed on a price, but neither has signed anything. At this point the status of this negotiation is?
Answer:
Bargaining (Problem solving)
Explanation:
the bargaining stage of negotiation is the stage where both parties are clarifying goals. the stage to come to a final agreement after several compromising aspect.
this is can also be called "the heart of negotiation". A process where both party reach a concession after a long process of negotiation.
The owners of a local restaurant routinely try to develop new menu items and seek better ways of helping their customers. ______ is the result of their efforts.
Answer: The answer is INNOVATION.
Explanation: Innovation refers to a new idea, method or product. In business, innovation is a conscious effort at way of meeting customers needs through development of new ideas and extreme creativity.
Rock Construction has current assets of $45 million, total liabilities and equity of $67 million, and sales of $59 million. How would current assets be expressed on a common-size balance sheet?
Answer:
current assets = 67%
Explanation:
given data
current assets = $45 million
total liabilities and equity = $67 million
sales = $59 million
solution
we get here current assets that is express as
current assets = [tex]\frac{current\ assets}{liability\ and\ equity}[/tex] ......................1
put here value we get current assets that express on common size balance sheet is
current assets = [tex]\frac{45}{67}[/tex] × 100
current assets = 0.6716 × 100
current assets = 67%
JT Engineering originally paid $10,000 for a machine and recorded depreciation at a rate of $1,000 per year for five years. They sold the machine in the middle of the sixth year for $6,000. What is JT’s amount of loss or gain on the sale?
Answer: $1,500
Explanation:
The net book value of the machine on the sale date is $ 4,500.
This is by adding the depreciation for the half year in the sixth year of $ 500.
So the total depreciation is $ 5,500. The net book value is thus $ 4,500 (Cost $ 10,000 minus Total Depreciation $ 5,500).
The gain is Sales Price $ 6,000 minus Net Book Value $ 4,500 is $ 1,500.