Nash Equilibrium has been improved, and Tony implements a subgame perfect Nash equilibrium pricing policy that is Backward Induction.
A subgame perfect Nash equilibrium, which is used in dynamic games, is a refinement of a Nash equilibrium in game theory. In order to represent a Nash equilibrium of each subgame of the original game, a strategy profile must be a subgame perfect equilibrium. Informally, this means that regardless of what has occurred prior to that point in the game, player behavior moving forward should always conform to a Nash equilibrium of the continuation game (i.e., of the subgame). A subgame perfect equilibrium exists in every finite large game with perfect recall. In 1953, Harold W. Kuhn coined the phrase "perfect recall," which he defined as "equivalent to the claim that each player is permitted by the rules of the game to remember everything he knew at previous moves and all of his choices at those moves."
In the context of a finite game, backward induction is a common technique for identifying subgame perfect equilibria. Here, one first takes into account the final moves of the game and determines the actions the final mover should take in each scenario to maximize his or her utility. Then, assuming the final actor will complete these actions, one considers the next-to-last actions, once more selecting those that maximize that actor's utility. Up until the game's opening move, this process continues. For finite-horizon extensive games of perfect information, the remaining strategies are the set of all subgame perfect equilibria. Backward induction, however, cannot be used in games with imperfect or insufficient information because it would require cutting through non-singleton information sets.
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An individual's conflict style is developed early in life.
a. True
b. False
An individual's conflict style is developed early in life and remains static throughout his/her lifetime. This statement is false.
The process of resolving conflicts involves minimizing unfavorable outcomes and prioritizing beneficial outcomes. This essential managerial talent entails negotiation, innovative problem-solving and the use of various strategies depending on the circumstance. An organization can reduce interpersonal problems, improve client happiness and achieve better business results by managing conflict well.
The default conflict style of a person is likely influenced by a variety of things, including previous conflict experiences, cultural norms from the person's home or workplace, the organizational setting and even gender standards. A conflict style is never static, rather, we modify it depending on the situation, the person with whom we are in dispute and other office-related issues.
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Full question: An individual's conflict style is developed early in life a. True b. False
which of the following statements regarding media ownership today is true?
a. Fewer than ten corporations own most of the national media outlets
b. The majority of media outlets are owned by private individuals
c. The government owns most national media outlets
d. Foreign companies own more than half of the media outlets in the United States
Fewer than ten corporations own most of the national media outlets.
A corporation is an organization typically a collection of individuals or a business that has been granted by the state the right to function as a single unit (a legal person in a legal context; business a legal person recognized under private and public law) and is recognized as such in law for certain purposes.
Early corporations were created with a charter (i.e, by an ad hoc act granted by a monarch or passed by a parliament or legislature). The majority of governments currently permit the registration of new business.
Although there are many distinct sorts of corporations, they are often categorized by the legislation of the country in which they were established based on either the ability to issue stock or the purpose for which they were established business.
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which department of the u.s. federal government usually receives over $700 billion to spend on goods and services each year, making it one of the largest b2b spenders in the country?
One of the top b2b spenders in the nation, the department of defense of the US federal government typically receives over $700 billion to spend on goods and services annually.
What is department of defense in U.S?U.S Department of Defense is in charge of providing the armed forces required to prevent conflict and safeguard national security. With over 1.3 million men and women on active duty, the Army, Navy, Marine Corps, and Air Force make up the bulk of these forces.The Pentagon in Washington, DC, serves as the home of the Department of Defense.The secretary of defense, a cabinet-level official who answers directly to the American president, is in charge of the Department of Defense. The Department of the Army, Department of the Navy, and Department of the Air Force are the three military agencies that report to the Department of Defense.To learn more about department of defense refer to :
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as a project manager, you are about to hire a new vendor; however, there are terms in the contract you are unfamiliar with. who should you contact to better understand the contract?
Should contact to better understand the contract a member of the legal team
What is a new vendor?A vendor who is not an Approved Vendor or a Vendor of Record and does not appear in the procurement system database is referred to as a New Vendor.Anyone who buys and sells goods or services is referred to as a vendor in general. A vendor buys goods and services to resell them to another business or person. The products that large retailers like Target purchase at wholesale costs and resell at higher retail prices are supplied by a variety of different vendors.A vendor is a person or business that makes a profit by selling goods or services. They can conduct their company either business-to-business (B2B) or business-to-consumer (B2C). B2B vendors are frequently referred to as suppliers.
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which risk control strategy attempts to shift residual risk to other assets, other processes, or other organizations.?
The control strategy known as transference aims to transfer the risk to different assets, different processes, or different organizations.
It is the one that occurs when genes normally during cell division are transmitted within the same species, that is, from their ancestors from the parental gene to the progeny, as in the case of bacteria that occurs by binary fission when bacteria duplicate.
This transfer of genetic material from parent organisms to offspring is through reproduction within the same species.
Therefore, we can conclude that according to the research, the correct option is during normal cell division. Vertical gene transfer is the transfer of dna during normal cell division.
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buyers who face a new task-buying situation usually go through ________.
Buyers who face a new task-buying situation usually go through all stages of the buying process.
the retail industry, a buyer is a private who selects what things are furnished and their key responsibility is addressing all the merchandise that acquire by the store. patrons typically work closely with designers and their selected sales representatives and attend trade fairs, wholesale showrooms, and fashion shows to watch trends.
they will work for large department stores, chain stores, or smaller boutiques. For smaller freelance stores, a client may participate in sales furthermore as promotion, whereas in an exceedingly major fashion store there are also completely different levels of seniority love initiate buyers, assistant buyers, senior buyers, and shopping for managers and buying directors.[1] Decisions concerning what to stock will greatly have an effect on fashion businesses.
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you are using jensen's alpha to analyze the performance of two small-cap funds and will select one of those funds for the client to purchase. during the performance period being measured, the market returned 12.8% and treasury bills returned 4.2%. the two funds had the following performance: fund standard deviation beta return 1 21.2% 1.19 18.1% 2 23.8% 1.07 17.5% which fund would you select, and why? a) fund 2, because its alpha (0.124) is lower than fund 1's alpha (0.117) b) fund 2, because its alpha (0.041) is higher than fund 1's alpha (0.037) c) fund 1, because its alpha (0.656) is higher than fund 2's alpha (0.559) d) fund 1, because its alpha (0.121) is higher than fund 2's alpha (0.113)
Two of the most important metrics for assessing the performance of a stock, a fund, or an investment portfolio are alpha and beta.
What is Portfolio Managers' Alpha?Alpha is a tool that helps individual investors understand how a company or fund might perform in comparison to its competitors or to the market at large.The rate of return that is greater than or less than the projection made by the model is how professional portfolio managers determine alpha. To forecast the probable returns of a portfolio of investments, they employ a capital asset pricing model (CAPM).That sets a higher standard generally. If the CAPM analysis shows that the portfolio should have earned 5% but only managed to earn 3% due to risk, the state of the economy, and other reasons, the portfolio's alpha would be a depressing -2%.Formula for Alpha:Alpha=Start PriceEnd Price+DPS−Start Pricewhere:
DPS=Distribution per share
In order to balance risk, portfolio managers diversify their holdings in an effort to increase alpha.The value that a portfolio manager contributes or subtracts from a fund's return is represented by alpha, which measures a portfolio's performance in relation to a benchmark. The benchmark value for alpha is zero, meaning that the portfolio or fund is mirroring the benchmark index exactly. The investment manager has not gained or lost any value in this situation.To Learn more About Alpha refer to :
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shinetime manufacturing has spent the year eliminating numerous mid-level managers, supervisors, and team leads. the company has most likely committed to which form of organizational change? multiple choice strategy heroes delegation structure people
Shine time manufacturing has spent the year eliminating numerous mid-level managers, supervisors, and team leads. the company has most likely committed to structure form of organizational change.
Manufacturing is the process of creating products by hand or machine, which the company then sells to a customer. Raw materials or little pieces of a larger product may be the items used in manufacturing. On a large-scale production line with specialized staff and equipment, manufacturing often takes place.
The definition of manufacturing is the process of making new goods out of components or raw materials. Manufacturing businesses include bakeries, shoemakers, auto manufacturers, and tailors because they all produce goods rather than offering services.
1. Sculpting and casting
2.Machining.
3.Joining.
Shearing and forming, fourth.
these 4 production processes are available.
A manufacturing job entails the manufacture of new items from unfinished goods or by physically, chemically, or mechanically putting together various components.
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what happens when a Market is at disequilibrium
Explanation:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Answer:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Explanation:
the practice of high risk assets on a banks books while removing low risk assets with the same capital requirement is known as
The practice of high risk assets on a banks books while removing low risk assets with the same capital requirement is known as regulatory arbitrage.
What is regulatory arbitrage ?Using more advantageous rules in one country to get around less favorable regulations in another is a practice known as regulatory arbitrage.Due to the fact that it utilizes legal loopholes, this approach is frequently regarded legal yet unethical.When certain activities or positions within a conglomerate are moved, it is referred to as "supervisory arbitrage." This may be done to avoid being subjected to one set of supervisors' relatively stricter prudential oversight or to completely avoid it.
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The A-B-C Approach to Inventory Classification
Read the overview below and complete the activities that follow.
An important aspect of inventory management is that items held in inventory are not of equal importance in terms of dollars invested, profit potential, sales or usage volume, or stockout penalties. It would be unrealistic to devote equal attention to every item. Instead, a more reasonable approach is to allocate control efforts according to the relative importance of various items in inventory.
An important aspect of inventory management is that items held in inventory are not of equal importance in terms of dollars invested, profit potential, sales or usage volume, or stockout penalties.
Out-of-stock occurs when we run out of stock of a particular item. Out-of-stocks can occur anywhere in the supply chain, but they have the greatest impact on retail shelves and profits when they occur when customers are about to buy.
Inventory Percentage is the percentage of items that are not available when needed for sale. It is calculated by dividing the number of items that are not in stock by the total number of items that are in stock. Average inventory levels are around 8% and increase when products go on sale. A high out-of-stock rate can lead to a significant loss of sales.
Stockouts often occur due to delivery bottlenecks and poor inventory management. Another out-of-stock scenario occurs when a retailer has a product in stock in its warehouse but is unable to purchase the item when a customer requests it.
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Which of the following alternatives lists the five purposes of the sales presentation (not necessarily in their correct order)? a) conviction, knowledge, opinion, desire, and beliefs b) attitude, knowledge, desire, beliefs, and action c) attitude, knowledge, desire, beliefs, and conviction d) attention, desire, opinion, conviction, and sale e) knowledge, action, opinion, conviction, and desire
The five purposes of the sales presentation are conviction, knowledge, opinion, desire, and beliefs.
In sales engineering, a sales pitch or sales pitch is a series of conversations that attempt to persuade someone or something with a planned sales pitch strategy for a product or service with the goal of starting and closing the sale of the product or service .
Sales presentation is one of his most important tools. A well-crafted sales pitch can help you connect with potential customers and differentiate yourself from your competitors. You can set the tone for every conversation that takes place throughout the sales process.
A presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introductions, lectures, or speeches intended to inform, persuade, inspire, motivate, build goodwill, or present new ideas/products.
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When a consumer makes a purchase of a particular product, because they are familiar with the company that makes the product, they are making the decision based on which characteristic?.
They are making the decision based on extensive-decision making characteristic.
What is extensive-decision making?One sort of consumer decision-making is extensive decision-making; others include analyzing options or making a quick choice based on pricing. The phrase is often in marketing to denote a complex consumer choice over whether or not to buy a product. According to Lucid Chart, highly complicated decisions typically involve making expensive or unusual purchases for a consumer. Due to this, companies should give customers as much information as they can on this kind of goods in order to close the sale. The benefits of buying the product, the reasons it's superior to the competitors, and its key features are some examples of the information that could be included in this.
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Which of the following would be found on the debit side of the Inventory T-account?
a. Frieght-out
b. Purchase Returns
c. Purchases
Freight-out would be found on the debit side of the Inventory T-account.
A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the bookkeeping entries are organized, the account is known as a T-account. Just above the T, the account title may be seen.
The account name, such as "cash," "owner's equity," or "accounts payable," appears at the top. The left side of the T is then for debit transactions, and the right side is for credit transactions.
A T-account system has the following benefits:
Errors are simple to see, and fraud is minimized. Balances that are due can easily be seen. It is simple to see the company's financial situation over a period and contrast it with another period.
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suppose a new species of thermophilic bacteria is discovered that can live in undersea volcanic vents. researchers perform a microarray in order to determine the genetic similarities and differences between sulfur and high temperature tolerance. the results below show high gene expression in the experimental condition compared to the control as pink, low gene expression compared to the control as cyan, and no change in gene expression compared to the control as white. each letter represents a different gene. for the high temperature samples compared to the control gene a dark cyan gene b dark pink gene c dark pink gene d light cyan gene e dark cyan gene f light pink gene g light cyan gene h medium pink gene i medium cyan gene j light cyan gene k dark cyan. for the high sulfur samples compared to the control gene a dark cyan gene b medium cyan gene c medium pink gene d light cyan gene e dark cyan gene f light pink gene g light cyan gene h light cyan gene i medium cyan gene j dark pink gene k dark pink. what steps could the researchers do next in order to better understand the genes they identified?
The researchers will do the following next in order to better understand the genes they identified :-
-Identify shared 5' regulatory elements in gene groups and generate reporters using the elements
-Group genes in which both experimental conditions produce the same type of response
-Group genes that increase in one experimental condition and decrease in the other condition
The gene is taken into consideration the fundamental unit of inheritance. Genes are surpassed from dad and mom to offspring and incorporate the records needed to specify bodily and organic traits. most genes code for specific proteins, or segments of proteins, which have differing capabilities within the body.
In biology, the word gene may have several exceptional meanings. The Mendelian gene is a simple unit of heredity and the molecular gene is a sequence of nucleotides in DNA this is transcribed to supply a useful RNA. There are styles of molecular genes: protein-coding genes and noncoding genes.
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What keeps firms from entering the market when a monopoly is able to produce where price is greater than average cost?.
Antitrust laws prohibit conduct by a single firm that unreasonably restrains competition by creating or maintaining monopoly power.
Traditionally, monopolies gain the corporations that have them, as they can improve expenses and decrease offerings without effect. But, they are able to harm purchaser pastimes because there's no appropriate opposition to encourage decreased prices or better-first-class services.
The benefit of monopolies is the guarantee of regular delivery of a commodity this is too pricey to provide in an aggressive marketplace. The disadvantages of monopolies consist of rate-fixing, low-pleasant merchandise, loss of incentive for innovation, and fee-push inflation.
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A firm’s earnings are a true representation of cash flows available to the stockholders.
a. True
b. False
False: A company's net income accurately reflects the cash flows available to stockholders.
Earnings of a company do not always accurately reflect the cash flows available to stockholders.
The management might decide to use the earnings—known as retained earnings—to fund additional expansion or acquisitions. Therefore, shareholders would not receive a cash dividend in that scenario.
Why do businesses choose not to pay dividends in cash?
In most cases, a business that is still expanding rapidly will not pay dividends because it wants to put as much money as it can into further expansion. Paying dividends is not an option for mature businesses that believe they can increase value by reinvesting their earnings.
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If an economy moves into a recession, causing that country to produce less than potential GDP, then:
tax revenue and government spending will be higher because of automatic stabilizers.
tax revenue and government spending will be lower because of automatic stabilizers.
automatic stabilizers will cause tax revenue to decrease and government spending to increase.
automatic stabilizers will cause tax revenue to increase and government spending to decrease.
If an economy moves into a recession, causing that country to produce less than the potential GDP, then automatic stabilizers will cause tax revenue to decrease and government spending to increase.
A trillionaire is a character with a net worth equal to at least a trillion in U.S. Bucks or a similarly valued currency, consisting of the euro or the British pound. Presently, no one has yet claimed trillionaire status, although a number of the world's richest people may also most effective be some years far from this milestone.
Gross home product (GDP) is the standard measure of the price brought created thru the production of products and offerings in a rustic at some point of a certain duration. As such, it also measures the income earned from that manufacturing or the full quantity spent on final goods and offerings (fewer imports).
Monetary output is now and again called gross output or virtual output. As said earlier, economic output is different from GDP. Gross domestic product is a degree of “price added” at the national level.
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Rhiannon is an inside sales representative at a natural cosmetics company. She recently sold a new primer the company released to many clients. However, the pump on the primer bottle does not work properly. Investigation shows the error stems from the manufacturer of the pump. Rhiannon’s sales manager had pressured rhiannon to sell this new product, and now rhiannon is worried that this is not an isolated incident. In this case, there could be a major recall, and the firm’s ceo would have to get involved. If a client is highly dissatisfied and wants to express discontent, who are they most likely to contact first?.
"Rhiannon's sales manager" is the person a customer is most likely to call first if they are extremely unsatisfied and want to voice their displeasure.
Define the functions of sales manager?As managers, sales managers are typically in charge of hiring and firing employees, determining the need for training and delivering it, coaching sales representatives, and establishing sales territory.
In order to make wise selections, they are also responsible for developing sales plans and performing data analysis. They will frequently update the directors on their accomplishments and might even have a role in determining the direction the company will take in the future. Sales managers are typically the business leaders that set sales objectives and targets and encourage their team to meet them.The role can differ based on the size and nature of the organization as well as the service or item it offers.Rhiannon had been under pressure to promote this new product from her sales manager. There might be a significant recall in this situation, and the company's CEO would need to get involved.
Thus, the most probable person to be contacted by a highly unsatisfied customer who wishes to voice their unhappiness is Rhiannon's sales manager.
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What accounts are increased from zero balances after adjusting entries for supplies and prepaid insurance are journalized and posted?.
Supplies Expense and Insurance Expense accounts are increased from zero balances after adjusting entries
A company's insurance costs includes the cost of the insurance contract as well as any additional premium payments. The company's payment is recorded as an expense for the given accounting period. If the insurance is used to cover operations and production, the cost can be broken down into each unit produced over the course of the period and listed in an overhead cost pool.
The cost of consumables utilised during a reporting period is referred to as supplies expense. This could be one of the more expensive corporate expenses, depending on the sort of firm. Two different kinds of supplies, which are listed below, may be charged as expenses.
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assume that the a stock price is modeled using a one-period forward binomial tree with the length of a single period equal to three months. according to this model, the stock price can take either the value of $50, or the value of $40 in exactly three months. calculate the volatility of the stock price.
The volatility of the stock price will be 0.402
What is volatility?Volatility is frequently used to describe the degree of risk or uncertainty associated with the magnitude of variations in a security's value. A security's value may potentially range over a wider range of values if its volatility is higher. This implies that the security's price can fluctuate sharply in either direction over a brief period of time. A security's value will not change significantly and will be more stable if its volatility is lower.Quantifying the daily returns (% change on a daily basis) of an asset is one technique to gauge its fluctuation. The level of fluctuation in an asset's returns is indicated by historical volatility, which is based on past prices. This value is expressed as a percentage without a unit.While volatility is a measure of that variance constrained by a given time period, variance reflects the dispersion of returns around the mean of an asset in general. As a result, we can report volatility on a daily, weekly, monthly, or annually basis. In order to better understand volatility, think of it as the annualized standard deviation.To learn more about volatility, refer to
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order the steps for manually calculating future value of an ordinary annuity. instructions choice 1 of 4. calculate interest on the balance, and add the interest to the previous balance. toggle button calculate interest on the balance, and add the interest to the previous balance. choice 2 of 4. add additional investment at the end of the second period to the new balance. toggle button add additional investment at the end of the second period to the new balance. choice 3 of 4. no interest is calculated on the first period. toggle button no interest is calculated on the first period. choice 4 of 4. continue calculating interest on balance, adding to previous balance, then adding additional investment until desired period is reached. toggle button continue calculating interest on balance, adding to previous balance, then adding additional investment until desired period is reached.
The steps for manually calculating future value of an ordinary annuity is as follows 4. No interest is calculated on the first period. 2. Calculate interest on the balance, and add the interest to the previous balance. 3. Add additional investment at the ed of the second period to the new balance. 1. Continue calculating interest on balance, adding to previous balance, then adding additional investment until desired period is reached.( 4, 3, 2, 1 ).
How do you determine an ordinary annuity's future value?
The future value of an ordinary annuity is calculated using the formula F = P * ([1 + I]N - 1)/I, where P is the payout amount. I is equivalent to the discount (interest) rate. There will be N payments; the "" denotes that N is an exponent. F stands for the annuity's future value.
The following equation can be used to determine future value with compound interest: future value = present value x (1 + interest rate)n. Use the following equation to determine future value with simple interest: future value = present value x [1 + (interest rate x time)].
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was created to protect current homeowners and provide incentives for new homeowners. deepened previous government practices. helped very few americans get new homes. was created to protect loaning banks and landlords. failed to address the needs of families wanting to buy homes.
In order to help homeowners who were in danger of losing their homes to foreclosure, the Home Owner's Loan Corporation (HOLC) was established in 1933.
The National Housing Act of 1934 was based on a comprehensive housing plan created by the HOLC.In order to promote the building of new homes and the renovation of old ones, this law established the Federal Housing Administration (FHA), which insures banks, mortgage firms, and other lenders.
FDR hoped that the law would increase employment in the construction sector as well.The 1934 National Housing Act and the FHA provided for the housing needs of current homeowners and those Americans who could afford to buy a home, but they did little to help the poor, especially many African-Americans who lived in slums.
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which of the following statements is true of nonmarketing-controlled information sources?
a. It is monitored anonymously by marketers acting as nonmarketing agents to promote their product.
b. It includes Internet forums and other forms of public sources of information.
c. It is biased towards a specific product because it originates with marketers promoting that product.
d. It includes mass media advertising like television, and newspaper advertising.
It includes Internet forums and other forms of public sources of information that are true of non-marketing-controlled information sources.
Public information sources like the internet, social media, and of them are instances of non-marketed, regulated information sources.
An Internet forum, often known as a message board, is a website where users may have discussions by posting messages.
Forums serve as primary hubs for topical discourse. The Forum format is inherited from BBS and Usenet. The most illustrious and important Internet forum groups have concentrated on issues ranging from health to technology, as well as professions and pastimes.
A component of social media technologies is forums, which can be found in a variety of platforms such as blogs, business networks, enterprise social networks, microblogs, photo sharing, reviews of products and services, social bookmarking, social networks, social gaming, video sharing, and virtual worlds.
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Costs that have no impact on future cash flows and are irrelevant to decisions are ______ costs.
Costs that have no impact on future cash flows and are irrelevant to decisions are sunk costs.
Sunk costs are those that have already been incurred but are not recoverable. Sunk costs are not considered in future business decisions because the cost remains constant regardless of the outcome of the decision. Salary, insurance, rent, non-refundable deposits, and repairs are examples of sunk costs (as long as each of those items is not recoverable).
Businesses that proceed with a course of action because they have already invested time or money in a prior decision risk falling into the sunk cost trap. All sunk costs are fixed costs, but not all fixed costs are sunk costs. Sunk costs are different in that they cannot be recovered. It is not a sunk cost if equipment can be resold or returned at the original purchase price.
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___________ represent a special type of order taking that entitles customers to a specific unit of service.
a. Suggestions
b. Reservations
c. Trackers
d. Repossessions
e. Contracts
Reservations represent a special type of order taking that entitles customers to a specific unit of service.
What is reservations?
Customers who make reservations are entitled to a particular service unit. Reservations are an unique kind of order taking. If you make transactions easy and convenient for your customers, they might pay more quickly and with greater enthusiasm.
The practice of holding back, reserving, or separating. the action of excluding something or qualifying something. a caveat, restriction, or exemption either formally or informally: to agree to anything but with reservations.
Additionally, it can be reserved through both offline and online sources. Property Direct, online travel companies, corporations, central reservation systems, and many more are examples of online providers. You may readily track the origins of leads using web resources.
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1. describe numi's product line in terms of the four p's of marketing: product, price, place, and promotion. describe each p separately.
The Numi's product line is defined in terms of the four P's of marketing as product – an organic tea that offers health benefits, price – a premium brand with affordable but higher than average price range, place -offered at big chains stores such as Target in organic food and products section, and promotion – offered free samples to its customer.
The four P's of marketing are referred to as marketing mix and include four key components - product, price, place, and promotion which influence the marketing strategies. Marketing mix is a fundamental business model and is defined as marketing tools that the business utilizes to pursue its marketing objectives in the target market. The product refers to the product or service that a company sells. Price refers to the amount of money charged to customers for the determined product or service. Place refers to the optimal location where the product should be sold and how it should be delivered to the market. Promotion refers to the set of advertising and public relations strategies used to promotion the product.
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bob lives in denver and runs a business that sells guitars. in an average year, he receives $851,000 from selling guitars. of this sales revenue, he must pay the manufacturer a wholesale cost of $476,000; he also pays wages and utility bills totaling $281,000. he owns his showroom; if he chooses to rent it out, he will receive $71,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if bob does not operate this guitar business, he can work as an accountant, receive an annual salary of $34,000 with no additional monetary costs, and rent out his showroom at the $71,000 per year rate. no other costs are incurred in running this guitar business.
Using cost-benefit analysis we know that Bob will earn more by working as an accountant while collecting rent from his showroom rather than to keep running his business.
We can calculate using cost-benefit analysis that if Bob were to keep running his business he receives $851,000 from selling guitars minus the wholesale guitar cost of $476,000 minus wages and utilities of $281,000. By then end of the year he would have a net profit of $94,000.
$851,000-$476,000-$281,000=$94,000
Again by using cost-benefit analysis, if Bob were to work as an accountant and receive an annual salary of $34,000 while collecting a rent of $71,000 from his showroom, he would have collected $105,000 by the end of the year.
$34,000+$71,000=$105,000
By calculating the cost-benefit, we can conclude that it will be more profitable Bob to work as an accountant and collecting rent from his showroom rather than to keep his business running, because he will earn an extra $11,000 by doing so.
$105,000-$94,000=$11,000
You didn't ask the question yet, but I assume you are going to ask whether it'll be more profitable for Bob to run a business selling guitar or to work as an accountant while collecting rent from his showroom.
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in which of the following scenarios would an excise tax placed on producers result in the smallest deadweight loss?
Answer:
when demand is perfectly inelastic
Explanation:
The scenario where an excise tax placed on producers would result in the smallest deadweight loss is one where the demand and supply for the good are relatively inelastic.
What is an excise tax?
An excise tax is a type of tax that is levied on a specific good or service, typically at the point of production or sale. Excise taxes are often used to discourage the consumption of certain products, such as tobacco, alcohol, or gasoline, or to raise revenue for government programs.
An excise tax is a tax on the production or sale of a specific good or service, which is typically passed on to the consumers by increasing the price. The deadweight loss of a tax refers to the loss of economic efficiency that occurs when the tax reduces the amount of the good or service produced and consumed.
The size of the deadweight loss depends on the elasticity of demand and supply of the taxed good. If the demand and supply are relatively inelastic, then the tax burden will fall more heavily on the consumers, resulting in a smaller deadweight loss.
If the demand and supply are relatively elastic, then the tax burden will be shared more evenly between the producers and consumers, resulting in a larger deadweight loss.
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a. analyzing the liquidity ratios over the ten-year period, is discount goods current ratio (a) generally increasing, (b) roughly the same, or (c) generally decreasing from year to year?
The modern ratio is a liquidity ratio that measures a company's potential to pay temporary responsibilities or these due inside one year. It tells traders and analysts how a corporation can maximize the contemporary property on its stability sheet to satisfy its modern-day debt and other payables
How do you analyze liquidity ratios?The method is: Current Ratio = Current Assets/Current Liabilities. This means that the firm can meet its modern-day short-term debt duties 1.311 times over. To remain solvent, the association must have a current ratio of at least one, which skill it can exactly meet its cutting-edge debt obligations.06
Repaying or restructuring debt will elevate the modern-day ratio. Explore whether you can reamortize existing time period loans and change how the lender charges you interest, efficiently delaying debt payments so they drop off your cutting-edge ratio. Negotiate longer charge cycles each time possible.
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