If the price elasticity of demand for a good is 4. 0, then a 10 percent increase in price results in a.

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Answer 1

If the price elasticity of demand for a good is -0.40, then a 10 percent increase in price would result in: a. a 4.0 percent decrease in the quantity demanded.

What is price elasticity?

Price elasticity of demand is the term used to describe the relationship between the percentage change in a product's quantity sought and the percentage change in price. It aids economists in understanding how supply and demand vary in response to price changes in a given good. Many people are willing to pay more for Apple products because of how well-known the Apple brand is. Even if the price goes higher, many consumers will continue to buy Apple iPhones. If it were a lesser-known brand, like Dell laptops, you would assume demand to be price elastic. To calculate price elasticity, divide the change in supply (or demand) for a good, service, resource, or commodity by the change in price.

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Related Questions

An increase in productivity as a result of a new technology would cause the production possibilities frontier to:________

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An increase in productivity as a result of a new technology would cause the production possibilities frontier to shift outward.

What is the production possibilities frontier?

The production possibilities frontier is a graph that depicts the various combination of two goods a company can produce when all its resources are fully utilised.

When a company produces on the production possibilities frontier, it is producing efficiently. When a company produces inside the  production possibilities frontier, the firm is inefficient in its production. A company cannot produce outside the  production possibilities frontier given its level of resources and technologies.

The production possibilities frontier is concave to the origin. This reflects the opportunity cost involved in production. As more of one good is produced, less of the other good would have to be produced. This is because the resources with which to carry out production are available in limited quantities.

Factors that cause the production possibilities frontier to shift outward include:

1. technological advancement

2. increase in available resources.

3. increase in the labour force.

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Savvy sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. calculate the ending equity.

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Ending Equity + Revenues - Expenses - Owner Withdrawals = Beginning Equity

Calculating Ending Equity is $72,000 + $90,000 - $65,000 - $9,000

ending equity of 88k

In finance, what does equity mean?

Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.

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The lender will charge a one-and-a-half-point origination fee and two loan discount points. what will be the total due for points on a $115,000 loan?

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The total amount payable is $4,025.

(One point equals one percent of the loan amount. 3.5% of $115,000 is three and a half points, or $115,000 x.035 = $4,025. (one and a half and two).

Lender

A lender is a person, a group (public or private), or a financial organisation who makes funds accessible to a person or business with the expectation of repayment. Payment of any interest or fees will be included in the repayment. Lenders give funding for a variety of purposes, including home mortgages, auto loans, and small business loans. The loan terms outline how it must be satisfied, such as the payback time and the implications of late payments and default. A lender may use a collection agency to recover overdue monies.

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Suppose that a firm is facing an upward-sloping yield curve and needs to borrow money to invest in production. Does this mean that the firm should consider borrowing only at short-term rates?.

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No, the company must take into consideration the volatility of short-term rates.

An important indicator of the direction of future short-term interest rates is the yield curve's slope; a curve that slopes upward typically suggests that the financial markets anticipate higher rates in the future, while a curve that slopes downward typically reflects lower expectations.

The rates at which short-term loans are made between financial institutions or the rates at which short-term government paper is issued or traded on the market are known as short-term interest rates. The average daily rates expressed as a percentage, make up most short-term interest rates.

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Mateo spends $20 to have his hair cut at a salon. this expense is included in the ________ category of gross domestic product (gdp).

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Mateo spends $20 to have his hair cut at a salon. this expense is included in the Consumption category of gross domestic product (gdp).

What is meant by gross domestic product (gdp) and what are its categories?

The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.

Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product.

That reveals what a nation excels at generating. The nation's annual total economic production is measured by its GDP. It is comparable to the amount that is spent in that economy. The underground or black economy is the lone exception.

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Besides being the first epic poem produced by a western culture, the epic of gilgamesh is significant because:__________

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Gilgamesh became the first epic hero in world literature by defying death in the course of his quest for purpose in life. Every person who has contemplated life's purpose in the presence of death can relate to Gilgamesh's sadness and the concerns his friend's death raises.

The Sumerian Gilgamesh, the heroic king of Uruk, and his exploits are described in "The Epic of Gilgamesh." Hormuzd Rassam unearthed this epic tale among the remains of Ashurbanipal's library in Nineveh in 1853. This Akkadian version, which was composed in cuneiform on 12 clay tablets, was written between 1300 and 1000 B.C.

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The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry. true/ false

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It is true that the five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.

What Are Porter's Five Forces? Porter's Five Forces provides a framework for analyzing a company's competitive environment.Porter's Five Forces are a useful framework for assessing the competitive forces that affect a range of business industries.Michael E. Porter, a professor at Harvard Business School, developed it in 1979, and it has since developed into a crucial management tool.These factors include possible new market entrants, suppliers, customers, and replacement items that affect a company's profitability. These forces can be both many and powerful.The examination of the Five Forces can be utilized to direct business strategy and boost competitive advantage.

Porter's five forces are:

Competition in the industry.Potential for new competitors to enter the marketInfluence of suppliersInfluence of consumersReplacement product risk

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Consumers known as ________ believe that the personality traits of brands are malleable, and they tend to accept brand extensions.

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Consumers known as incremental theorists believe that the personality traits of brands are malleable, and they tend to accept brand extensions. Thus, option D is correct.

What are Consumers?

The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the good or service.

Customers who embrace specific brands are regarded as incremental theorists because they hold the belief that a company's character attributes are adjustable. In this, the data or the knowledge will be developing.  Therefore, option D is the correct option.

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The question is incomplete, the complete question will be:

holistic thinkers

entity theorists

brand believers

incremental theorists

True or false: the efficient markets hypothesis holds only if all investors are rational.
a. false
b. true

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The statement, efficient markets hypothesis holds only if all investors are rational, is true.

The efficient markets hypothesis tends to explain the activity of investors as per available information, so thus all investors are considered rational. This hypothesis is an established theory of capital market, which is consider as hypothesis of investment.

So this hypothesis tends to suggests that investors are rational people who buy and sell stocks which are usually  based on available information. So a truly efficient market eliminates the possibility of beating the market,

Thus, the efficient market hypothesis states that the share prices reflect all the information.

Hence. option B is correct.

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The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. identify the term to maturity

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The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. Here are a few examples.

A 30-year corporate bond Long Term.A money-market instrument with a maturity of 6 months Short Term.A Treasury note with a maturity of 5 or 10 years Intermediate-term.A 90-dau Treasury bill Short Term.

What is meant by Debt instrument?

Debt is likely something you have dealt with at some point in your life. By providing borrowers with the capital they require, debt enables the financial markets to function smoothly. Debt instruments are used by people, companies, and governments for a variety of purposes.

There are numerous variations of these instruments, some more obvious than others. To learn more about debt instruments and the most typical kinds that lenders issue, continue reading.

These resources are investment securities that businesses and governments are providing to investors. Until the security matures, investors pay the full purchase price for it and receive interest or dividend payments at regular intervals. The issuer now pays the investor their entire principal investment back.

One of the most common categories of fixed-income debt instruments is bonds, followed by debentures.

Thus, Debt instruments are a crucial part of financial markets.

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Complete Question

The maturity of a debt instrument is the number of years (term) until that instrument's expiration date. Identify the term to maturity of the following financial instruments:

A 30-year corporate bond: _____A money-market instrument with a maturity of 6 months: _____A Treasury note with a maturity of 5 or 10 years: ______A 90-dau Treasury bill: _____

The function in a reverse logistics process that takes used goods from customers and distributes them to the production process or to distributors and retailers is:________

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The function in a reverse logistics process that takes used goods from customers and distributes them to the production process or to distributors and retailers is the returns processor.

What is reverse logistics?

In order to recapture value and put a stop to the product's lifespan, reverse logistics is the set of operations that are carried out following a sale. Usually, this entails sending a product back to the maker or distributor, or sending it somewhere else for repair, recycling, or servicing.

Reverse logistics, on the other hand, refers to any process that is carried out after a product has been sold. When a product is determined to be flawed, for instance, it is returned to the manufacturer for inspection, testing, repair, disassembly, recycling, or appropriate disposal.

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On the income statement, income from operations differs from income before income taxes in that ______ are subtracted from income from operations to arrive at income before income taxes

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The difference between Income from Operations and Income before Income Taxes on the income statement is that Income before Income Taxes is calculated by deducting non-operating or infrequently occurring transactions from Income from Operations.

The word "income tax" refers to a category of tax that governments apply on income produced by organizations and people under their control. Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities. Governments receive funding from income taxes. They are used to pay for debts owed to the government, fund public services, and supply residents with goods. Many states and municipal governments, in addition to the federal government, also demand payment of income tax.

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Sully company sells 20,000 units at $12 per unit. variable costs are $9 per unit, and fixed costs are $25,000. determine the contribution margin ratio.

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The contribution margin ratio is 25%. The number of units sold is 20,000 units. The selling price per unit is provided at $12 per unit. The variable cost per unit is provided at $9 per unit. The fixed costs are given at $25,000.

Sales of the company 20,000 × 12 = 240,000

The variable cost of the company is 20,000 × 9 = 180,000

Contribution margin will be 240,000 - 180,000 = 60,000

The contribution Margin ratio will be Contribution margin/ Sales ×100

                                                         60,000/240,000 ×100 = 25%.

The contribution margin is the sales amount that is not covered by the variable cost. So the contribution amount can be used to bring down the fixed costs of the company. The higher the contribution margin, the more efficient the company will be better in covering its overhead costs.

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A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. which printer component is most likely causing this problem?

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A customer reports that a printer is constantly jamming, and paper is usually stuck in the paper tray. It is the Pickup Rollers are the component likely causing this problem.

What are printer rollers and how do we keep them clean?

The tiny, circular rubber components known as printer rollers assist in feeding paper through your printer. They may gather dust from the paper and ink smears from printing double-sided sheets over time. You must first identify the printer rollers in your printer before you can clean them. After that, you can either use a rubber-renewing product or clean them with water and a lint-free cloth. Most printer paper-feeding issues will be resolved as a result.

In order to keep the rollers working, keep cleaning them following the below directions:

Use water and a lint-free towel to clean the rollers. Dip your lint-free cloth into a cup of distilled water that has been poured into it. The material should be slightly wet, but not drenched. To get rid of any dirt or grime that has accumulated over time, wipe the damp cloth across the surface of the rollers. To thoroughly clean the entire surface area, make sure to fully rotate the rollers.

Before using your printer once more, be careful to properly dry the rollers.

Thus printer rollers are to be kept tidy.

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____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.

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Individual focuses on the productivity of the individual worker; the organizational approach focuses on the total organization.

Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity.

You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.

Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.

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In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to __________ the brand.

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In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to reposition the brand.

This is further explained below.

What are high-end brands?

Generally, It's possible that some high-end businesses may try to appeal to a wider variety of consumers while the economy continues to struggle as a whole.

Repositioning the brand is one approach that may be used in this direction.

In conclusion, The highest-end versions of things, particularly electronic ones, often come with the highest price tags.

 

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If someone has failed to live up to a promise made to a business organization, the business organization should:____.

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If it happens that someone has failed to live up to a promise made to a business organization, the business organization should seek a legal remedy within the courts.

What is a promise?

In the legal context, a promise refers to a mere proposition of an offer.That means that a promise be binding on both parties but nearly impossible to be enforced by law.

When a promise made to a business organization is violated after an agreement, the business organization should seek a legal remedy within the courts. The legal remedy is how a person who has been wronged can seek justice and be compensated for the harm they have suffered; could be in form of money, property, relief etc.

However. In order to obtain a legal remedy, it is often necessary to go to court and prove that the other person is at fault. An examples of legal remedies include damages, injunctions, and specific performance etc.

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As sales grow, some of the added current asset requirement is provided by growth in inventory, which often results in what type of funds?

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As sales grow, some of the added current asset requirement is provided by growth in inventory, which often results in spontaneous financing.

Spontaneous financing refers to the process of automatic source of short term funds which arise in the normal course of very short term course of business. Trade credit and  different out standing expenses are examples of spontaneous financing.

It also refers to financing which arises out of regular and  day-to-day operations. Spontaneous sources of financing include all those sources which are available upon demand or which arise naturally as a part of doing business.

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If you can't take care of an email request right away, you should not respond at all until you can send a full and detailed response. True or false

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If you can't take care of an email request right away, you should not respond at all until you can send a full and detailed response--- False

What is e-mail?

Electronic mail, also referred to as email or e-mail, may be a way for people to communicate with one another by the use of electronic devices. At a time when "mail" solely mentioned physical mail, email was therefore developed because the electronic (digital) equivalent of, or counterpart to, mail (hence the prefix e- + mail). An email address is now frequently seen as a fundamental and essential component of the many activities in business, trade, government, education, entertainment, and other areas of lifestyle in most nations. Email later became a ubiquitous channel .If you cannot take care of an email request right away, you ought to not respond at all until you can send a full and detailed response.

This statement is fake instead If you can't take care of an email request right away, you ought to definitely respond.

What do you have to do when you cannot respond to a request made in an email?

sign off the system so the sender will assume that you are offline. founded an automated response to say that you are out of town. Inform the sender that you simply are busy and cannot reply straightaway.

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When assessing the pulse of an unresponsive infant, you should palpate the ________ artery.

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Answer:

Circulation: check for pulse at the brachial artery, in the infant's inside upper arm. If there is none, perform five compressions - 2 fingers (approximately ½ the size of a hand), 1/3 to 1/2 the depth of the infant's chest.

Explanation:

hope it helps

________ control the flow of products from the manufacturer to a variety of retailers or business customers.

Answers

The distribution channel control the flow of products from the manufacturer to a variety of retailers or business customers.

A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service.

Distribution channels include wholesalers, retailers, distributors, and the Internet.

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If there's upward pressure on price how does this affect the supply side of the market?

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If there's upward pressure on price, there would be an increase in the quantity supplied.

What the relationship between price and the quantity supplied?

There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.

The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied.  This postulation is in line with the law of supply.

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An increase in demand while holding supply constant ______ equilibrium price and ______ equilibrium quantity.

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An increase in demand while holding supply constant will increase equilibrium price and increase equilibrium quantity.

What is the impact of an increase in demand?

When there is an increase in demand, it means that other factors other than the price of the good has led to a change in demand. When there is an increase in demand, it might be as result of an increase in income or an increase in the price of a substitute good.

When there is an increase in demand, the demand curve would shift to the right. Thus, demand would exceed supply. As a result, there would be an increase in equilibrium price and quantity due to the increased demand.

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Warranties are commonly kept with ____________ purchase and automobile records in a home file.

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Warranties are commonly kept with  Consumer purchase and automobile records in a home file.

What is Warranties?

A warranty  can be described as the  type of guarantee  which manufacturer  do give the the consumer regarding the condition of its product.

It should be noted that this is the  terms and situations  that the  repairs or exchanges will be made if the product malfunction .

Therefore, Warranties are commonly kept with  Consumer purchase and automobile records in a home file.

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Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. why would such a policy change be necessary?

Answers

Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. Such a policy change be necessary because -"This customer service was costing Costco money."

What is meant by return policy?

A return policy is a written document outlining the procedures for returning purchased products or services. These policies frequently include reimbursement information, return requirements, timeframes, and contact information for customer support.

Every return policy should include a few key points to help consumers know the limitations and allowances your company makes for returns. This section contains the "meat" of your return policy, as it describes how much you'll accept from customers and how you'll refund them.It's critical to inform your customers about how long those who have to return a goods. In general, 15-30 days is conventional, though some businesses prefer 90 days. In either case, accepting returns after that time will do you no favors.Customers will try to return goods months, even years after they've been purchased if a time frame for returns is not disclosed.

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Besides browned mirepoix and bones, what else gives brown stock its darker color?

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Brown stock gets its darker shade from tomato paste in addition to browned mirepoix and bones.

A mirepoix is a flavor basis produced from diced vegetables simmered for a long time on low heat without coloring or browning. This is done because additional cooking, frequently with the addition of tomato purée, results in a darkened brown mixture called pinçage. Since the goal is to sweeten rather than caramelize the ingredients, it is neither sautéed or otherwise hard-cooked. It is a time-tested method of cooking used in French cuisine. Depending on the total cooking time for the dish when the mirepoix is not precooked, the constituent veggies may be cut to a bigger size.

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Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is:________

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Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is who places the bet.

What is Conflict theorists?

Perspectives in sociology and social psychology known as conflict theories place an emphasis on a materialist reading of history, a dialectical method of analysis, a critical attitude toward current social structures, and a political program of revolution or, at the very least, reform.

Therefore,

Conflict theorists point out that the difference between gambling, which is frequently illegal, and investing in the stock market is who places the bet.

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The financial services, travel services, and job placement services industries typically use the ________ business model.

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The financial services, travel services, and job placement services industries typically use the transaction broker business model.

What is a transaction broker?

Transaction broker – process online commerce usually conducted in person by phone or e-mail. The owner gets returns via transaction payments. Market creator – uses Internet technology to create markets that connect consumers and sellers. The payment is got by transaction commissions.

Which portal business model is sufficiently?

portal General purpose business model best describes Yahoo. Yahoo! is an Internet portal that incorporates a search engine and a directory of World Wide Web sites organized in a hierarchy of topic categories.

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Complete Question is,

A) community provider

B) transaction broker

C) market creator

D) e-tailer

A loss of minimum essential coverage usually counts as a qulifying event that triggers what?

Answers

A loss of minimum essential coverage usually counts as a qualifying event that triggers a special enrollment period.

Events that meet the criteria for a special enrollment

voluntary loss of protectionRenewal of a single policy outside of the typical open enrollmentGetting a dependent or acquiring one?MarriageDivorce (in some state-run exchanges)becoming a citizen or authorized resident of the United Statesa change that lastsa mishap or issue with enrolmentEmployer-sponsored plan either stops delivering minimum value or becomes unaffordablea raise in income that enables you to exit the coverage gapA QSEHRA or Individual Coverage HRA can be accessed by anyone.A change in your income or circumstances that renders you now qualified (or not) for subsidies or CSRa number of unique situations

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Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as _____ planning.

Answers

Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.

What is planning?

Planning can be described as the process of thinking  which is been used in the preparation of activities that is required to achieve a desired goal.

It should be noted that Planning is based on foresight as well as the the fundamental capacity for mental time travel, hence Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.

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Other Questions
A device or component that allows information to be given to a computer is called? question 1 options: a. algorithm b. output c. computer d. input ____ is concerned with the security of computers or devices that are part of a network infrastructure. SOMEONE HELP ME ON THIS SIMPLE QUESTION The average age of 8 men, 7 women and 1 boy is 45 years, that of 8 men being 48 years and of 7 womenbeing 46 years, determine the age of the boy. A loss in the value of money due to government policies or lack of consumer confidence in currency is known as:________ Determine whether the system is consistent. x1 x2 x3 = 7 x1 - x2 2x3 = 7 2x1 3x3 = 15 A(n) ____ is a set of independent computer systems connected by telecommunication links for the purpose of sharing information and resources. One of the most critical features of the design development phase of the building delivery process is? extracting the roots |9| |5| i hate next gen but help pls According to stefan's law, how many times more energy per unit area does the hotter body radiate per second? 100 POINTS + BRAINLEIST...Do a summary of the poem Love and Hate by Elizabeth Sidal Exercise 1 Underline the adjective clause, and circle the noun or pronoun it modifies.Ian found a book that someone had left in the gym. Identify the substance that stimulates events in the platelet developmental pathway. Risk analysis is a field of study that has been active for the last 100 years. true false Federal government shutdowns often occur when the house and senate cannot agree on the national budget. although many citizens view this as incompetence, the founders would likely argue that? Please help me worth 100 points How did the trend toward nationalism, militarism, and imperialism lead to the start of World War I?A Nations became more isolated and refused to form alliances. B Nations adopted policies that promoted cooperation with all other nations.C Nations stopped trying to acquire colonies and focused on solving internal issues.D Nations became more competitive and were willing to use force to further their growth. vertical compression by a factor of 1/3 and a reflection of why axis f(x)= 6x-2 what is the formula to find time from distance (x) = 4x + 10x + 13Find f(7)