Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes.
Why an increase in the price of a good does not change the demand for the good?Demand is not determined by price, hence a change in price does not result in a change in demand. Ceteris paribus, the quantity demanded will shift, and the demand curve will move, if the price of new cars varies. A shift in the price of a good or service does not modify the demand curve; rather, it causes movement along a particular demand curve and often results in some change in the quantity sought. The left-hand graph lists potential demand-increasing circumstances.
Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes. Demand does not determine how much we purchase. Note that the ceteris paribus premise is part of our definition of demand. Only the price and quantity desired vary when we create a demand curve.
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The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner ________ by ________ percent.
The norwegian kroner's (nok) value yesterday was $0.08133. today, its value is $0.08006. thus, the kroner Depreciated by 1.56 percent
(0.08006-0.08133)/0.08133=- 1.56
What is deprecation ?
Economic depreciation is a term used to describe the gradual decline in an asset's market value caused by important economic causes. This type of depreciation typically affects real estate, which can depreciate due to a variety of factors, including the addition of unpleasant development next to a property, the closing of roads, a drop in the caliber of a neighborhood, or other negative influences.
Accounting depreciation is distinct from economic depreciation. An asset is expensed over a predetermined period of time in accounting depreciation according to a predetermined schedule.
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In a bank reconciliation, an outstanding check is? a. deducted from the bank balance. b. deducted from the book balance. c. added to the book balance.
The bank balance is reduced by an unpaid check.
A bank reconciliation is what?A bank reconciliation statement provides a summary of banking and business activity in order to compare an entity's bank account with its financial records.
The statement includes a list of all deposits, withdrawals, and other activity for a certain time period affecting a bank account. An effective financial internal control instrument used to fight fraud is a bank reconciliation statement.
What Issues Arise Frequently During Bank Reconciliations?
When reconciliations are infrequent, it might be challenging to resolve issues as they develop because the necessary data may not always be accessible. A mismatch might also happen when transactions are not immediately reported and when bank fees and penalties are in effect.
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By definition, ________ pricing is used when a firm sells a product or service at two or more prices, even though the difference in price is not based on differences in cost.
By definition, Segmented pricing is used when a firm sells a product or service at two or more prices, even though the difference in price is not based on differences in cost.
What is Segmented Pricing?Regardless of whether a product's production and distribution costs are the same, segmented pricing is said to be used when a corporation fixes or sets more than one price for it.
There are several methods for price segmentation:
Seasonal Pricing: Holidays and high travel times raise the price of hotel rooms.
Product/Service Characteristics: In trains, a reservation in a sleeper non-air-conditioned compartment is less expensive than one in a first-class air-conditioned one.
Geographical Locations: Prices of goods are higher and vice versa in places or regions where consumers are less price sensitive.
The cost parameters must be considered while segmenting the market. A regular evaluation of the product's perceived worth is also necessary, and it is important to make sure that this activity never harms the brand's reputation.
Thus, It is the Price segmentation that is mentioned here.
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Companies predict how many purchases a single customer might make from the company over the length of the relationship with that consumer, a measurement called the ______.
The measurement is called the Customer Lifetime Value. Customer lifetime value (CLV) is the sum of a customer's value to a company over the course of their relationship
Increasing the value of your existing customers is a wonderful strategy to spur growth since it is less expensive to retain existing customers than it is to attract new ones.Why is client lifetime value essential and what does it mean?One of the most important metrics for knowing your customers is client lifetime value. It foretells the value that a customer relationship could have for your company. Using this strategy, businesses may illustrate the potential benefit of their marketing operations in the future.To Learn more about Customer lifetime value, click the links.
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The company should consume more than ________ fans per year to make the manufacturing the part in-house option the least costly.
The company must devour an extra than1.six hundred.000 fans per 12 months to make manufacturing the element in-house alternative the least highly-priced.
Manufacturing is the making of products by means of hand or by a system that upon completion the commercial enterprise sells to a client. objects used in manufacture may be uncooked substances or component elements of a larger product. the production generally occurs on a large-scale manufacturing line of machinery and professional labor.
Manufacturing is defined as the advent of latest merchandise, either from uncooked materials or additives. Examples of manufacturing include automotive organizations, bakeries, shoemakers, and tailors, as all of them create merchandise, rather than provide services.
Significance of manufacturing:
(i) production industries enable the modernization of agriculture. (ii) It reduces the heavy dependence of humans on agricultural income by means of imparting their jobs. (iii) enables the eradication of unemployment & poverty. (iv) enables bringing down local disparities.
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In forecasting future budget items, assuming that they will increase from their current values at the rate of inflation, you can use the formula for:_________
In forecasting future budget items, assuming that they will increase from their current values at the rate of inflation, you can use the formula for future value of a lump sum.
The budgeting process refers to the financial planning that a company takes to ensure it remains profitable. The company's accounting department can create a budgeting process to control expenses for business operations.
In other words, they might set up a budgeting process to document how much they earned and spent over a given period. A robust budgeting process can help businesses determine risks to their revenue streams and address them.
A good budgeting process puts companies in a position for expansion if they are profitable. A company knows if they have a good budgeting process if they:
Setting benchmarksSecure fundingSecure fundingProvide profit marginYou can learn more about budgeting process here brainly.com/question/24213785
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Explain why it is not sensible to close a business firm if it earns zero economic profits with an example.
because the consequences far outweigh the modest economic gains.
What is typical gain?
The normal profit metric determines whether a company is utilizing all of its resources by taking into account both explicit and hidden costs. The payments a business makes to external parties, such as those for rent, salaries, and raw supplies, are referred to as explicit costs. Opportunities for income that a business or other entity chooses not to take result in implicit costs, also known as opportunity costs. Implicit or opportunity costs can occur when a decision is made not to sell property in order to use it for the firm itself, or when a pay raise is forgone in order to continue operating a business.
When a corporation's entire costs and total revenues are identical, the term "zero economic" is used by economists to denote that the company has no economic profit. A business can typically claim a zero economic profit when it is competitive and generates revenues that cover its expenses.
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Which element of knowledge management faces the common problem of employee turnover?
Employee turnover is a common issue that knowledge retention encounters.
Knowledge retention is the process of storing knowledge within an organization for future use. Walsh and Ungson (1991) outlined five knowledge reservoirs, including people, culture, transformations (such as codified systems and procedures), structures (such as formal and informal networks), and external activities, in a previous section on organizational memory. This is the area of an organization where knowledge may reside or be held onto. Knowledge retention should be a component of every aspect of how the company runs and begin well before a key person is due to leave. Few businesses have explicit knowledge retention plans, despite the fact that it is thought to be essential for long-term organizational performance.
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The most important constraints on participation in leisure-time activities and organizations are?
There is an absence of monetary assets and chronic health.
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The account groups that are not involved with closing entries are known as __________ accounts.
The account groups that are not involved with closing entries are known as permanent accounts.
What is a permanent account?Permanent accounts are accounts that are not closed at the end of the accounting period. Permanent accounts do not have closing entries. For Permanent accounts, the balance of the previous accounting period is carried over to the next accounting period. An example of permanent account is retained earnings.
Temporary accounts are accounts that are closed at the end of each accounting period. Thus, they have closing entries. The reason for this is to prevent their balances from being mixed up with balances of the next period. Examples of temporary accounts are revenue and expense account.
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A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. a negative externality that can result is?
A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. a negative externality that can result is the possibility of the bees stinging the students at the school.
because this is impacting other for the benefit of the one.Stings from bees are a frequent outdoor annoyance. Most of the time, bee stings are only uncomfortable, and home remedies will enough to reduce the discomfort. However, if you are allergic to bee stings or if you are bitten repeatedly, you might experience a more severe response that needs emergency care.Bee stings can cause a variety of responses, from minor pain and discomfort to life-threatening allergic reactions. If you have one kind of reaction, it doesn't always follow that you'll experience another similar one or that it will be more severe the next time you are stung.To know more about bee stings visit:
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What benefits do children experience in projects that are not necessarily available in other approaches?
The first step toward lifelong learning is for children to become more independent and take on more responsibility for their education through project-based learning. They develop a passion of learning by being enticed to be enthusiastic about learning more, which keeps them engaged in looking for new knowledge and abilities.
What are children experience in projects?It's interesting to observe how project-based learning, long exclusive to middle and secondary school curriculum, is now evolving into a favored mode of instruction for young children. Early education places a high priority on learning by doing, and projects, especially those that require collaboration, offer countless opportunities for kids to grow and acquire a variety of abilities.
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Utility costs that relate to current year's operations but are not paid until the following year require:______
Utility costs that relate to current year's operations but are not paid until the following year require:
a debit to Utilities Expensea credit to Utilities PayableWhat happens when expenses are not paid?Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.
This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.
Options for this question:
(Select all that apply.)
a debit to Prepaid Expense - Utilitiesa debit to Utilities Expenseno journal entrya credit to Utilities Payablea credit to CashFind out more on recording expense payables at https://brainly.com/question/16781277
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The marketing concept implies that the manufacturer will ____________; a production orientation implies that the manufacturer will ____________.
The marketing concept suggests that the manufacturer will Make only what it understands people will buy; a production orientation implies that the manufacturer will try to sell whatever it decides to make.
What is the marketing concept?The marketing vision is based on the “right” principle. The marketing idea is the use of marketing data to focus on the needs and wants of customers to develop marketing techniques that not only fulfill the needs of the customers but also complete the goals of the organization.
Modern marketing is consumer-oriented when you shape your approach around what your consumers want rather than what you want to sell.
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Jones company signs a $15,000, 12-month note and receives $14,250 from the bank. on the day that jones signs the note, the company should debit?
The bank gives $14,250 to Jones Company in exchange for them signing a $15,000, 12-month note. The business must make a debit of $750 to its discount on notes payable on the day Jones signs the note.
The company should debit notes payable account. A liability account that is recorded in a company's general ledger is called notes payable. It is the place when borrowers formally commit themselves to paying back lenders. On the other hand, the lender would note this identical written guarantee in their account for notes receivable. A note payable account must be added in addition to an interest payable account if a business employs the accrual method of accounting. This is due to the fact that a promissory note entails the borrower paying interest, which results in an additional interest cost.
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A fountain ejects water through the four nozzles, which have inner diameters of 10mm. determine the pressure in the pipe and the required volumetric flow through the supply pipe
A fountain ejects water thru the four nozzles, which have internal diameters of 10mm. decide the strain within the pipe and the specified volumetric drift via the supply pipe: right here, the total stress to be had in the pipe head is used by the nozzles equally.
The diameter of a circle is any immediate line phase that passes via the center of the circle and whose endpoints lie on the circle. it can additionally be described as the longest chord of the circle. each definition also is legitimate for the diameter of a sphere.
Definition of DIAMETER: A measurement used to indicate the dimensions of a circle based on the length of a straight line that starts off evolved and ends at the threshold of the circle and also passes via the center of the circle. Diameter is represented by using the image and is generally abbreviated to "dia" or "d".
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Accounting is referred to as the language of business because it is the method of communicating business information to decision makers.
a. true
b. false
'Accounting is referred to as the language of business because it is the method of communicating business information to decision-makers.
This statement is True.
Accounting, also called bookkeeping, is the measurement, processing, and transmission of financial and non-financial information about economic entities such as businesses and enterprises.
Definition of Accounting is the process of systematically recording and maintaining financial accounts. Creating an income statement is an example of accounting. noun.
The process of systematically recording all company financial transactions. This includes analyzing, summarizing and reporting financial transactions to regulators, authorities and tax authorities. Accountants do the bookkeeping process for a company.
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Carlos purchased an apartment building on november 1 6, 2019, for $3,000,000. determine the cost recovery for 2019.
The cost recovery for 2019 is $22,740.
the required details about Cost Recovery is mentioned below
What Exactly Is Cost Recovery?
Cost recovery is the concept of recovering a business expense, and it generally refers to recovering the cost of any expense associated with a company.
The phrase "cost recovery accounting" refers to the tax concept of recovering an expense, which accountants sometimes perform by use depreciation. Through the utilization of the depreciation tax law, an accountant can lessen a business' tax burden, which in turn increases the profits the business sees.
The cost recovery strategy enables you to calculate your income while accounting for any costs that haven't been fully recovered. Basically, a purchase or expense won't be recorded in your company's books until it
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The _____ is a dynamic schedule that logs and monitors all of the tasks that need to be accomplished for the length of the project
A dynamic timetable that records and keeps track of all the work that needs to be done over the course of the project is the margin of error.
A statistic known as the margin of error describes how much random sampling error there is in survey data. As the margin of error grows, less trust should be put in a poll's findings representing the results of a population census.. Anytime an incomplete sample of a population is used and the outcome measure has positive variance, or when the measure varies, the margin of error will be positive.
When presenting measurable values, observational error is sometimes indicated by the term "margin of error" in non-survey contexts.
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Project teams sometimes use _____, which are unplanned responses to risk events, when they do not have contingency plans in place.
Project teams sometimes use workarounds, which are unplanned responses to risk events, when they do not have contingency plans in place.
What are workarounds?Actions taken by a person to get around or temporarily remedy actual or perceived workflow obstacles, defects in system design, or to deal with unusual patient care circumstances are known as workarounds. 1-10 A workaround's main purpose is to accomplish a goal in terms of healthcare delivery, usually by making it easier or more effective.
In the delivery of healthcare, workarounds are commonplace, and numerous incidents that were reported through the Pennsylvania Patient Safety Reporting System (PA-PSRS) include descriptions of them. In PA-PSRS reports, examples of workarounds include medication dosages based on estimated rather than actual patient weights, consent for treatment obtained from surrogates in situations where it is challenging to obtain consent directly from the patient, and substitutions of equipment, medications, or other resources due to shortages.
While some event report narratives merely discuss the current issue, others go into further detail into the underlying causes. The patient was well served by the workaround in some cases, while it put the patient in danger in other situations.
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The greater the variety of products, services, clients, or regions an organization serves, the more it needs to use a(n) ________ structure aligned with that diversity.
The greater the variety of products, services, clients, or regions an organization serves, the more it needs to use a(n) divisional structure aligned with that diversity.
What is divisional structure?
Divisional People are grouped together in a divisional organization based on the good or service they offer rather than the task they do. A huge company like General Electric, for instance, includes divisions for electronics, transportation, and aviation. Each of these divisions has its own group of accountants, marketers, etc.
An organizational structure known as a divisional structure consists of various corporate divisions or units. It is appropriate for those businesses that: I Manufacture two or more products.
Therefore,
The greater the variety of products, services, clients, or regions an organization serves, the more it needs to use a(n) divisional structure aligned with that diversity.
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Before kaiser permanente adopted its new business strategy, its is strategy triangle was out of _____________.
Before Kaiser Permanente adopted its new business strategy, its is strategy triangle was out of alignment.
Kaiser Permanente is one of the largest nonprofit healthcare plans in the United States, with over 12 million members.
It operates 39 hospitals and more than 700 medical offices, with over 300,000 personnel, including more than 87,000 physicians and nurses.
The new business strategy helped Kaiser Permanente to increase income, improve financial security, and reduce economic inequities.
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The total value of final goods and services produced within a nation's borders within a given year is known as that nation's:_______
The total value of final goods and services produced within a nation's borders within a given year is known as that nation's gross domestic product.
What is the gross domestic product?Gross domestic product is the total sum of final goods and services produced in an economy within a given financial year. The gross domestic product is usually used as a measure of economic growth.
One of the ways used to determine the value of gross domestic product is the expenditure method:
GDP = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Where: Net export = exports – imports
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All of the following are current focuses of ai research except? perception.cognitive surplus.knowledge representation.natural language processing.
All of the following are current focuses of ai research except cognitive surplus. Thus, option B is correct.
What is AI research?With an emphasis on automating investigation methods from creating a theory to carrying out trials, the use of AI throughout research must have significantly increased.
The AI research all included perception, knowledge representation, and natural language processing.
A person's cognitive surplus is indeed a combination of their attention, effort, ingenuity, and charity, which promotes efficiency, innovation, and cooperation with in technology world. Therefore, option B is the correct option.
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Abc, inc.'s income statement shows service revenue of $40,000, wages expense of $25,000 and net income of $1,000. the other expenses on abc's income statement must equal ______.
Abc, inc.'s income statement shows service revenue of $40,000, wages expense of $25,000 and net income of $1,000. the other expenses on abc's income statement must equal to $14,000.
What is income statement?
One of the most often and important financial statements you're likely to see is an income statement. Income statements, sometimes referred to as profit and loss (P&L) statements, include the cumulative effect of revenue, gain, expense, and loss transactions and include a summary of all income and expenses for a specific period.
Therefore,
Abc, inc.'s income statement shows service revenue of $40,000, wages expense of $25,000 and net income of $1,000. the other expenses on abc's income statement must equal to $14,000.
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An employee makes an hourly rate plus any tips they earn. this tip employee made a total of $400 by working 28 hours last week. if $253 of their total earnings was their tips, what is their hourly rate of pay? a. $5.25 b. $5.61 c. $8.82 d. $9.04 please select the best answer from the choices provided a b c d
Answer: A
Explanation:
which of the following are true about the specific qualitative and quantitative screening criteria marketing managers develop? (check all that apply.)
The correct options are
(b) These criteria are useful in figuring out the markets in which a firm wants to compete(c) The firm's objectives and available resources help determine the appropriate criteria to useA marketing manager is in charge of overseeing the marketing initiatives for a company, service, or commodity. They project market demand and direct a marketing team in the development and execution of innovative and creative consumer interest-engaging tactics across a variety of media platforms. The training of their team members in campaign-specific marketing strategies falls within the purview of marketing managers. They will add new team members by picking people they feel will achieve the objectives for carrying out brand strategy. They work together with every team member, encouraging them to achieve their objectives while giving advice and assigning assignments. Marketing managers use a similar procedure to be successful in their roles. Depending on the item, service, or enterprise, each stage in the process need a distinct strategy.
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If the supply of and demand for a product decrease at the same time, then equilibrium :_________
The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.
The demand and supply model's reasoning is straightforward. The demand curve displays the amounts of a specific commodity or service that consumers will be able and willing to buy at each price throughout a given time frame.
We should be able to determine a price at which the quantity of goods buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves. The market for coffee is in equilibrium. In each market, the equilibrium price is the one where supply and demand are equal.
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Ceo khosrowshahi believes that uber employees should act like owners and share power with managers. Which theorist would most strongly agree with this approach?.
As CEO of Uber, Dara Khosrowshahi oversees the company's quickly expanding operations in 63 nations while also managing a team of more than 22,000 people worldwide.
Dara previously served as CEO of Expedia, which he helped develop into one of the biggest online travel agencies in the world. Dara is an experienced leader with a background in both finance and engineering. She led many acquisitions that strengthened Expedia's portfolio and made significant investments in mobile, which currently makes up more than half of Expedia's traffic. He was also well-liked by Expedia's staff and recognized as one of the CEOs with the highest ratings on Glassdoor. After working as the Chief Financial Officer of IAC Travel, a branch of IAC, which bought Expedia in 2002 and spun it off in 2005, Dara was appointed to Expedia CEO. He also had a significant role in the growth of IAC's portfolio of travel-related companies.
We live locally while we grow internationally. Every day, we use the strength and scope of our international operations to forge strong bonds with the cities, neighborhoods, drivers, and riders we serve.
Customers are our obsession. We put in a lot of effort to gain the trust and business of our clients by resolving their issues, increasing their profits, or reducing their expenses. We delight and amaze them. We make short-term concessions in exchange for enduring allegiance.
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A continuous probability distribution is characterized by? a. a continuum of possible values. b. an array of individual values. c. counts. d. a list of possible values.
A continuous probability distribution is represented by:
d. a continuum of potential values
What is a continuous probability distribution named?The probability density function (pdf) of the normal distribution, also named Gaussian or "bell curve", is the most significant continuous random distribution. As notated in the figure, the probabilities of gaps in values correspond to the space under the curve.
This type is used widely in the study of extensive sample theory where normality is applied. Sample statistics can be best studied with the use of the curves of this sort of continuous probability distribution.
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