The study of economics would be superfluous (unnecessary) fundamental ideas did not exist. capital demand scarcity corporations profit. Making decisions wouldn't be necessary if resources were boundless and available to everyone. There would be no need for economics, the science of decision.
One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.
In economics, the term "scarcity" describes a situation in which there is a limited supply of a resource and a high demand for that item. Because of the scarcity of resources, consumers must choose how to best deploy those resources to meet as many of their wants and requirements as feasible.
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Long-term follow-up studies investigating recovery from schizophrenia have found that ____.
50% of people with schizophrenia recover or improve to the point that they can work and live independently ten years following diagnosis. 25% are doing better, but they still require a large network of allies to get by. 15% are inferior.
When it comes to treating schizophrenia that is resistant to therapy, clozapine is the most effective antipsychotic. In contrast to the combined use of chlorpromazine and benztropine, which has a 4% efficacy rate, this medication has a 30% efficacy rate in regulating schizophrenia episodes in patients who are resistant to therapy.
Early diagnosis and treatment are essential to successful recovery. In general, a person with schizophrenia has a better chance of recovering the earlier they are properly identified and stabilized on a treatment plan.
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Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but tom is better at producing both goods. In this case, trade could.
Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but tom is better at creating both goods. In this case, trade could. A) benefit both Steve and Tom.
What is the most obvious advantage of discipline and trade?
The most obvious financial impact of specialization can be seen in the tendency for people to choose different vocations that are more in line with their goods, skills, opportunities, and education.
How many baseball gloves are sold each year?
Each year an assessed 4.5 million baseball gloves are sold in the U.S.
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Complete Question is,
a) benefit both Steve and Tom.
b) benefit Steve, but not Tom.
c) benefit Tom, but not Steve.
d) benefit neither Steve nor Tom.
The price of homes in a typical community will not have a normal distribution because _____
The price of homes in a typical community will not have a normal distribution because there are usually a few expensive homes that are far away from the rest of the data.
What is normal distribution?Normal distribution, can be described as the Gaussian distribution, which can be expressed as the probability distribution and this focus on the symmetric system of the mean.
Which help to display that the data near the mean are more frequent with respect to the occurrence compare to data that are far from the mean.
In conclusion , the Home prices are economic variables which can be seen as right-skewed distributions.
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On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate.
On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate UHDDS
The hospital at St. Mark's has 450 beds. 80 percent of the space is typically occupied each month. In other words, patients occupy an average of 80% of the hospital's beds. At this level of occupancy, the hospital's operational expenses, based on a 30-day month, are 32 per occupied bed each day. Both variable and fixed costs are included in this 32-figure total. Only 60% of the hospital's beds were occupied in June. Operating expenses came to a total of 326,700 for the month.
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Margie listed her real estate for sale at $100,000. if her cost was 80 percent of the listing price, what will her percentage of profit be when her real estate is sold for the listing price?
Margie listed her real estate for sale at $100,000. if her cost was 80 percent of the listing price, her percentage of profit when her real estate is sold for the listing price will be 1.25%.
Her profit is $100,000 on her cost of $80000, so is 100,000/80000 × 100% =1. 25%
Her percentage of profit when her real estate is sold for the listing price will be 1.25%
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_____ is the ability and willingness to assess claims and make judgments on the basis of well-supported reasons and evidence, rather than from emotion or anecdote.
Critical thinking is the ability and willingness to assess claims and make judgments.
What is meant by critical thinking?Critical thinking is a rich concept that has been developing throughout the past 2,500 years.The term "critical thinking" has its roots in the mid-late 20th century. Below, we offer overlapping definitions which together form a substantive and trans-disciplinary conception of critical thinking.
Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action.
In its exemplary form, it is based on universal intellectual values that transcend subject matter divisions: clarity, accuracy, precision, consistency, relevance, sound evidence, good reasons, depth, breadth, and fairness.
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1.1.2 Explain how entrepreneurs in your community used creative thinking to generate entrepreneurial opportunities
One of the things that every leader and businessperson needs is creativity. The boundaries of an investor's thinking and skill set are removed through creativity. As a result, entrepreneurship and creativity go together perfectly.
Entrepreneurship requires enthusiasm, willpower, tenacity, and the capacity for innovation. Running a small or medium-sized business requires a lot of courage and a little bit of madness. However, creativity should be the most significant quality.
Thinking creatively is a strategy for bringing a new perspective to issues and circumstances. It is frequently referred to as "thinking outside the box" and revolves around ignoring the more conventional, orthodox, and practical approach in favor of coming up with creative solutions to issues.
Making connections between people, products, and concepts that no one has ever made before is another example of creative thinking. It can also involve recognizing patterns where others might not be able to.
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______ is achieved through efficient operations, excellent supply chain management, and strong relationships with suppliers.
Operations efficiency, superior supply chain management, and solid supplier relationships are the keys to operational excellence.
When a company implements and carries out its regular business operations better than its rivals in a given market or industry, it is said to be exhibiting operational excellence. It's a way of thinking that puts a greater emphasis on leadership, teamwork, and problem-solving techniques than competitors or alternatives do.
Businesses that concentrate on operational excellence strategies comprehend the benefits to their customers of consistency, simplicity, lesser errors, and faster turn-around, as well as how to address problems that hinder their operating model. Every job within the company is affected by this idea. Everyone at organizations with operational excellence performance knows how they can help the company achieve its objectives of lowering costs, raising volumes, automating tasks, and streamlining processes.
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If+sales+are+$806,000,+variable+costs+are+62%+of+sales,+and+operating+income+is+$247,000,+what+is+the+contribution+margin+ratio?
The Contribution Margin Ratio Will be 38% .The difference between a company's revenues and variable costs, stated as a percentage, is known as the contribution margin ratio.
The difference between a company's revenues and variable expenses, represented as a percentage, is the contribution margin ratio. The amount of money available to pay fixed expenses is shown by this ratio.Formula for the Contribution Margin Ratio
A company's contribution margin ratio (CM ratio) is determined by dividing revenue by revenue less all variable costs. It stands for the small gain from manufacturing an extra unit.to learn more about contribution margin ratio click the links
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What are the most important factors for an investor to consider when choosing an investment?
When it comes to investing, one of the most significant aspects for investors to consider is how long their money will be invested.
What do we mean by an investor?An investor is someone who invests money in the hope of making a profit or gaining an advantage in the future (interest). Most of the time, the investor uses this allocated capital to purchase some type of property. Equity, debt, securities, real estate, infrastructure, currency, commodity, tokens, derivatives such as put and call options, futures, forwards, and so on are all types of investments.When it comes to investing, one of the most important considerations for investors is how long their money will remain invested. Investors with short time horizons typically prefer conservative investments with low volatility to ensure their money is available when they need it.Therefore, when it comes to investing, one of the most significant aspects for investors to consider is how long their money will be invested.
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If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?
If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.
The Formula and Calculation of Time ValueThe instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.
The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.
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The most effective type of humor for an organizational leader to use is directed at? other departments. group members. himself or herself. the competition.
Himself or herself are the most effective type of humor for an organizational leader to use as directed in the competition .
What makes a fun leader ?
It's rare to see "fun" and "leadership" in the same sentence,. As a student, observer, and teacher of leadership, But this have been discovered in today's time that individuals respond better to leaders who are having fun because they are able to share their enthusiasm, energy, and appeal with others.
Imagine going at the work place and being welcomed with all those attributes. Fun-loving leaders share their enthusiasm with others. It's a fantastic way to boost motivation, problem-solving skills, and morale and even it supports you and others in getting through difficult times.
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Kodi company has a debt-equity ratio of .80. return on assets is 7.4 percent, and total equity is $460,000. a. what is the equity multiplier?
Kodi organization has a debt-equity ratio of .eighty. go back on belongings is 7.4 percent, and total fairness is $460,000. the equity multiplier: $61272.
Debt fairness ratio=debt/equity
therefore debt=(zero.8*460,000)=$368,000.
as a result total belongings=(debt+equiyy)
=($368000+$460,000)=$828,000.
1.fairness mulitplier=overall assets/total fairness
=(828000/460000)=1.8
2.ROE=internet earnings/overall fairness
=(61272/460,000)=13.32%.
three.ROA=internet profits/general belongings
as a result net profits=(7.four%*828000)=$61272.
The debt-equity ratio is an economic ratio indicating the relative proportion of shareholders' equity and debt used to finance a corporation's property. intently related to leveraging, the ratio is likewise called risk, gearing, or leverage.
The debt-equity ratio measures your business enterprise's overall debt relative to the amount at the beginning invested by means of the proprietors and the profits which have been retained over the years.
The most excellent debt-equity ratio will tend to differ broadly by means of enterprise, but the standard consensus is that it should no longer be above a stage of 2. zero. while a few very huge companies in fixed asset-heavy industries (along with mining or production) may have ratios higher than 2, those are the exception instead of the guideline.
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The adjusting entry for prepaid rent requires a(n)_______ to rent expense and a(n)____ to prepaid rent.
The adjusting entry for prepaid rent requires a debit to rent expense and a credit to prepaid rent.
What is adjusting entry?
Adjusting entry is required at the end of a period to pass adjustment to a transaction that was recorded earlier on, for instance, in this case, rent was initially prepaid, paid in advance, when the rent expense has been incurred by using the property, then an adjusting entry is required.
The appropriate adjusting entry is to debit rent expense and credit prepaid rent account, to reverse earlier debit posted to prepaid rent.
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In the context of the value of buyers, the combined total of all future sales is known as the _____.
In the context of the value of buyers, the combined total of all future sales is known as the Customer lifetime value
What is customer lifetime value?
The overall value of a client to a company over the course of their relationship is known as customer lifetime value. It's a crucial statistic because it's less expensive to retain current clients than to find new ones, so boosting the worth of your current clientele is a terrific method to spur growth.
Having a clear understanding of the CLV enables firms to create strategies that will both attract and keep customers while preserving profit margins.
The Net Promoter Score (NPS), which measures customer loyalty, and the Customer Satisfaction Index (CSAT), which measures customer satisfaction, are different from customer lifetime value (CLV) because CLV is directly related to revenue rather than being an essentially intangible promise of loyalty and satisfaction.
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A decrease in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate. part 2
A decrease in the discount rate increases bank reserves and increases the money supply if banks respond appropriately to the change in the rate.
What is meant by discount rate?The rate of return employed in corporate finance to bring future cash flows down to their present value is called a discount rate. This rate is frequently referred to as a company's Weighted Average Cost of Capital (WACC), needed rate of return, or hurdle rate, which refers to the rate of return investors must achieve relative to the risk involved in the investment.
A decrease in the discount rate lowers the cost of borrowing for commercial banks, which increases the amount of credit that is accessible and lending activity across the economy.
When the Fed reduces the discount rate, the economy as a whole experience an increase in surplus reserves in commercial banks, which boosts the money supply. On the other hand, when the Fed increases the discount rate, the money supply is constrained and the excess reserves in commercial banks are reduced.
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The four major promotional tools (advertising, personal selling, sales promotion, and public relations) are known collectively as the?
The four major promotional tools (advertising, personal selling, sales promotion, and public relations) are collectively known as the promotional mix.
A promotional mix is regarded as a combination of marketing methods which includes, advertising, public relations, sales, and direct marketing in order to achieve a specific marketing goal. These are also known as promotional tools.
A promotion mix improves communication with clients. It is also regarded as a key method in order to deliver a relevant promotion message via the most suitable channel for each segment.
Hence, a promotion mix is a set of different marketing approaches which is developed by marketers.
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When a customer does not understand his or her role in the service delivery process, he or she is contributing to provider:_____.
When a customer does not understand his or her role in the service delivery process, he or she is contributing to provider: Gap 3
What is the Gap 3?Gap 3 : The chasm between service quality requirements and actual service provision
The service members may encounter situations that cause this gap. It could happen as a result of poor training, inability, or reluctance to uphold the required service standards. It could result from ineffective evaluation and compensation systems. This disparity is primarily due to ineffective recruitment.
This gap may be caused by a failure to balance supply and demand. Also lacking are context, perceived control, and empowerment. An illustration would be a restaurant that communicates highly stringent criteria for the food it serves, but the personnel might not receive the right training on how to adhere to those standards.
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When using marshall & swift, adjustments need to be made for construction costs in various locations of the country. this is accomplished through use of?
The following expenses are not covered by the Marshall & Swift Square Foot. Off-site charges such utility bills, park fees, jurisdictional hookup, tapin, impact or entitlement fees or assessments, as well as sidewalks, curbs, and gutters.
Expenditures for supplies, labour, and equipment are all direct costs, as are those related to subcontractors. They may also be referred to as "bare" or "unburdened" expenses. All on-site employees, including security guards who have no direct involvement in the structure being built, are examples of direct costs.
For developing replacement costs, depreciated values, and insurable values of buildings and other improvements, The Marshall & Swift Valuation Service is a thorough, reliable assessment manual.
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When a firm's customers make investments in order to use its particular product or service, the customers incur which type of costs if they purchase another firm's products or services instead?
When a firm's customers make investments in order to use its particular product or service, the customers incur switching costs if they purchase another firm's products or services instead. Therefore, the option B holds true.
What is the significance of switching costs?The switching costs can be referred to or considered as the costs incurred by the customers of a product or a service when they use the alternatives or the competitive products available in the market, instead of the product they were using earlier.
Therefore, the option B holds true and states regarding the significance of the switching costs.
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When a firm's customers make investments in order to use its particular product or service, the customers incur which type of costs if they purchase another firm's products or services instead?
A. Acquisition costs
B. Switching costs
C. Alternative costs
D. Replacement costs
Consumers make different purchase decisions when they are in a hurry. this is an example of _____ influencing a purchase situation.
If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.
What is purchase decision?Purchase decision can be defined as the decision made by buyer when they want to buy a product as to whether they should go for a product or not or when buyers what to choose between two option.
Time can tend to influence a buyer purchase decision in a situation were the buyer is in hurry making them to make different purchase decision.
Therefore If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.
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The actions that firms in an industry must perform in the process of designing, manufacturing, and providing customer service are called:__________
The actions that firms in an industry must perform in the process of designing, manufacturing, and providing customer service are called: value activities
What are primary value activities?
The primary activities of the value chain are inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities like firm infrastructure, human resources management, and procurement
What is an example of a value chain activity?
The activities associated with this part of the value chain are giving service to maintain the value of the product after it has been sold and delivered. Examples: installation, repair, training, parts supply and product adjustment.
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A conflict of interest between the stockholders and managers of a firm is referred to as the:_____.
a. stockholders' liability.
b. corporate breakdown.
c. agency problem.
d. corporate activism.
Agency costs refer to:
C. The expense of the conflict of interest between stockholders and manager.
What is the conflict of welfare between managers and stockholders?An agency problem is a conflict of interest ingrained in any relationship where one party is expected to act to another's best appeals. In corporate finance, an agency problem usually guides to a conflict of interest between a firm's management and the firm's stockholders.
Shareholders and managers can operate in a hierarchy in which principals try to control the actions of agents to perform the wealth objective.
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Business analytics use blank______ to derive meaning form data by finding patterns to make future predictions.
Business analytics use algorithms to derive meaning form data by finding patterns to make future predictions.
Business analytics tends to focus on data, reporting, and also statistical analysis in order to help in investigating and analyzing the business performance, drive recommendations, and provide insights to improve the performance.
In Business analytics, there are two major types of prediction algorithms used which are, classification and regression. Here the use of predictive analytics is to make future predictions based on the past data. So this algorithm is used in many ways to help companies gain a competitive advantage.
Hence, Business analytics helps a person to make confident data-driven decisions.
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A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.
A strategy of cost competition refers to a competitive strategy in which firms attempt to achieve lower business process costs. Option A
This is further explained below.
What is the strategy of cost competition?Generally, The fundamental component of the cost-cutting technique is the "bare bones" approach.
In order to give customers lower prices and, as a consequence, to increase the amount of money those customers save, the objective of cost leadership is to cut expenditures to the lowest possible level.
In conclusion, The term "cost competition" refers to a kind of competitive strategy in which businesses work on lowering the overall costs associated with their business processes. Alternative A
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complete question
A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.
A) strategy of cost competition
B) scope strategy
C) customer intimacy strategy
D) focus/market niche strategy
If interest rates decline, which would you rather be holding, long-term bonds or short-term bonds?.
If interest rates decline you would as an alternative be holding lengthy-time period bonds due to the fact their price could boom greater than the price of the fast-time period bonds, giving them a better return. but, lengthy-term bonds have a more interest-charge risk.
Interest is charged from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above compensation of the predominant sum, at a particular charge. it's miles awesome from a rate which the borrower may also pay the lender or a few third celebrations.
Interest is described as the amount of money paid for using someone else's money. An example of the interest is the $20 that became earned this 12 months on your savings account. An example of the interest is the $2000 you paid in interest this yr on your home loan.
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1. give 3 specific value of microeconomic for you as a future government official?
It looks at indirect taxes, subsidies, and price controls as the three main forms of governmental market interference. Each of these government actions is modelled to show how they affect supply and demand as well as the equilibrium of the market for an item or service.
Examples of microeconomics include market failure in the healthcare industry, pricing discrimination in airline tickets, market oligopoly, individual income, and saving choices.
It aids in setting and adjusting the foreign exchange rate and, as a result, is helpful in formulating policies on a global scale. It supports government planning in this way. Microeconomic theories also serve as the foundation for developing social welfare measures.
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The black death is an an example of trade affecting ______.
The black death is an example of trade affecting Public health.
Trade involves the switch of products and offerings from one character or entity to any other, regularly in exchange for money. Economists consult with a device or community that allows trade as a marketplace.
Alternate refers to the voluntary alternate of goods or services between special monetary actors. for the reason that parties are below no obligation to exchange, a transaction will only arise if each events take into account it beneficial to their pursuits
An alternate is defined as the overall marketplace of purchasing and selling items, the manner you're making a living or the act of replacing or buying and selling something. An instance of exchange is the tea change wherein tea is imported from China and bought in the US. An instance of trade is while you paintings in income.
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An example of a real estate asset that trades in the public equity market is: _______
a) real property.
b) home mortgages.
c) equity reits.
d) commercial mortgage backed securities (cmbs)
An example of a real estate asset that trades in the public equity market is Equity REITs. Option C
This is further explained below.
What is real estate?Generally, Real estate is a type of property that includes both the land and the structures that are located on it, as well as the land's natural resources, which may include things like crops, minerals, or water.
The equity market, sometimes referred to as the stock market and the share market is a venue for the trading of shares in businesses or other organizations.
The market provides a forum for buyers and sellers of equity or shares to engage in transactions together.
Over-the-counter stock trades and those conducted on regulated stock exchanges both take place in the framework of global finance.
In conclusion, Stock REITs are a kind of real estate investment that may be purchased and sold on the public equity market. Alternative C
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The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as:_____.
The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.
What is Quasi-contract terms?
When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.A court enacts it to address a situation where one party gains something at the expense of the other.A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.To know more about Quasi-contract visit:
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