According to the text, characteristics of minority or non-dominant groups often include identifiability, differential power, discrimination, and group awareness.
Depending on the situation, the word "minority group" can be used in a variety of ways. A minority group may be easily understood in terms of demographic numbers within a population, that is, a group in society with the least number of members is the "minority," according to standard use.
However, a group that makes up the smallest percentage of the population is not always considered to be a "minority" in sociology, economics, or politics. The phrases "minority" and "majority" are better understood in the academic setting in terms of hierarchical power relations. Whenever civil rights and collective rights are discussed, the phrase "minority group" is frequently used.
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the policies that enabled the high-risk mortgages and financial instruments that caused the 2008 financial crisis reflect a
According to the statement, liberal ideology calls for lowering financial market regulation.
What are financial requirements?The cost if attendance (COA) at even a school as well as your expected family commitment are divided by two to determine your financial need (EFC). While COA differs from institution to institution, your EFC remains the same regardless of the school your attend.
Which four financial needs are there?The beginning of financial stability for most Americans is employment. For budgeting purposes and to cover costs, people want income. They also need to save money for a rainy day, invest for future returns, leverage credit to buy assets, and insure themselves against shocks.
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which customer scenario is best suited to maximize the benefits gained from using a virtual private cloud?
A small start-up business customer scenario is best suited to maximize the benefits gained from using a virtual private cloud, it focuses primarily on short-term projects and has minimal security policies
What are Customer service scenarios?
Role-playing situations for customer service help agents be ready for actual client interactions. They are based on everyday scenarios that arise when servicing customers and give suggestions for how to handle them.
Customer care agents are given ready-made answers to various clients' problems via scripting and playing out customer service scenarios.
Additionally, it instructs staff on how to deal with hostile clients. The method provides several advantages for your company, including:
helps create close ties with customersincreases client satisfactionimproves how customers feel about your brandFrom the viewpoint of customer care representatives, role-playing situations help employees feel less stressed.After all, when you're on the spot during a phone conversation, feeling prepared is crucial.
Agents will be prepared since they practised what was required of them—because of this, adding role-playing customer care situations to regular customer service training and new rep onboarding is a great idea.
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3. an investment manager hedges a portfolio of bunds (german government bonds) with a 6-month forward contract. the current spot rate is €0.84:$1 and the 180-day forward rate is €0.81:$1. at the end of the 6-month period, the bunds have risen in value by 3.75 percent (in euro terms), and the spot rate is now €0.76:$1. a. if the bunds earn interest at the annual rate of 5 percent, paid semi-annually, what is the investment manager's total dollar return on the hedged bunds? b. what would the return on the bunds have been without hedging? c. what was the true cost of the forward contract?
A tailored agreement between two parties to purchase or sell an item at a predetermined price at a later date is known as a forward contract.
What is a forward contract?A forward contract, also known as a forward, is a non-standard contract between two parties to buy or sell an asset at a price agreed upon at the time the contract was concluded. As such, it is a type of derivative instrument. Future purchases of the underlying asset by one party result in a long position, while future sales of the asset by another party result in a short position. The agreed-upon price, referred to as the delivery price, is equal to the forward price at the time the contract is signed. Prior to a change in control over the underlying instrument, the price, in whatever form, is paid.
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suppose the expected market return is 14%, the volatility of the market is .25, the risk-free rate is 4% and the beta of apple is 3.3. what return does the capm predict for apple?
Suppose the predicted marketplace go back is 14%, the volatility of the marketplace is .25, the risk-unfastened fee is 4% and the beta of apple is 3.3. Return the CAPM prediction for apple is 0.37
What is CAPM and how to calculate it?
The Capital Asset Pricing Model (CAPM) is a model used to calculate an asset's expected return based only on its systematic risk of return. In a perfectly efficient economic system, investors should be able to diversify their portfolios at no cost, allowing them to totally eliminate unsystematic or firm-specific risk.
This is the rationale behind why only systematic risk is priced in. Therefore, why should they demand a premium for a single risk if they have the option to invest in a diverse portfolio of assets rather than a single asset? It is simple to argue that the financial world is far from ideal and contains things like transaction fees and taxes.
The CAPM can theoretically represent as:
[tex]E(R i) = R f + beta i x [E(R M)-R f]\qquad\qquad\qquad\qquad\small{(1)}[/tex]
According to the model, the asset's expected return, E(Ri), is equal to the product of the market risk premium and risk-free return times the asset's beta, i. A certain asset's beta reflects its systematic risk. There are no irrational risk factors in the equation. The slope of the regression line between the excess market return E(RM)-Rf and E(Ri) are given by i.
E[R_apple] = 0.04 + (0.14-0.04)* 3.3
E[R_apple] = 0.04 + 0.33
E[R_apple] = 0.37
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artifacts are the most visible level of an organizations culture. group of answer choices true false
The aforementioned question has a TRUE answer. The level of culture that is most obvious and approachable are the artifacts.
What aspects of an organization's culture are most obvious?The ARTIFACT culture is the aspect of corporate culture that is most obvious. Artifacts are seen to be the element of organizational culture that is most obvious. The common principles within an organization's culture help to direct its members toward moral behavior that is both acceptable and rewarding.
What do organizational cultural artifacts mean?Company culture is how an organization consistently displays its values through its artifacts. Any memorable occasion or thing made by a company member is considered an artifact. Some company relics are tangible, like the design of a building, a set of beanbag chairs, or a sign in the lobby.
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what are the four major sources of market failure? explain briefly why each prevents the competitive market from operating efficiently. part 2 the four major sources of market failure are part 3 a. market power, the government, externalities, and private goods. b. , , complete information, and externalities. c. market power, incomplete information, externalities, and public goods. d. market power, incomplete information, , and . e. competition, symmetric information, externalities, and public goods.
The four major sources of market failure is option D among the group of choices given in the question.
What does it imply when a market fails?Market failure describes an inefficient exchange of goods and services on the free market. In a market failure, the individual incentives for rational behavior do not produce rational outcomes for the group.
Their origins?When goods and services are distributed inefficiently, a market failure arises because a free market is unable to attain equilibrium. If the rule of supply and demand does not lead to pricing equilibrium, one or more market-related elements have likely failed.
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mortgage foreclosures, a credit contraction, a leftward shift in the demand for labor, and a strong drop in consumption b. mortgage foreclosures, a credit expansion, a leftward shift in the demand for labor, and a strong drop in consumption c. mortgage foreclosures, a credit contraction, a rightward shift in the demand for labor, and an increase in consumption d. mortgage foreclosures, a credit expansion, a rightward shift in the demand for labor, and an increase in consumption
Mortgage foreclosures, a credit contraction, a move to the left in labour demand, and a significant decline in consumption.
What are the characteristics of a mortgage?If you intend to apply for a mortgage loan, you should be aware of the following typical mortgage loan concepts: Mortgage loan interest rates are significantly lower than interest rates on other loans. You can choose from a variety of interest rates to service your loan. Floating rates, fixed interest rates, interest-only mortgages, and payment option ARMs are among the alternatives. A mortgage loan is one of the most straightforward ways to obtain a property loan. When the loan is paid off, you will be the sole owner of the home. Mortgage loans typically have an LTV ratio of 60%-70%.
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an internal report that helps management compare actual performance and budgeted performance based on actual activity level is called a(n): multiple choice static budget performance report. sales budget performance report. flexible budget performance report. master budget performance report. operating budget performance report.
Sales budget performance report is an internal document that assists management in comparing real performance to budgeted performance based on actual sales volume and displays variations between actual and budgeted amounts.
The actual outcomes for a period are compared to the budgeted results produced by a Sales budget using a flexible budget performance report. This report differs from a typical budget versus actual report in that actual sales data is input into the budget model, which subsequently adjusts the budgeted spending amounts using algorithms. With this strategy, budgeted costs are substantially more in line with the performance that a business really experiences .If the Sales budget model is built to adequately respond to actual sales data, the ensuing performance report should roughly mirror actual spending. This makes it simpler to find report anomalies, which ought to be uncommon.
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d) if aggregate supply is vertical, what role does aggregate demand play in determining output? in determining the price level?
At the long way proper, the combination supply curve turns almost vertical. At this amount, better expenses for outputs can't encourage extra output because even though corporations need to amplify output, the inputs of exertions and machinery inside the economic system are fully employed.
The vertical axis represents the price level of all final items and offerings. The aggregate rate degree is measured by either the GDP deflator or the CPI. The horizontal axis represents the actual amount of all items and services purchased as measured by using the level of actual GDP.
If you had been to symbolize combination demand graphically, the aggregate quantity of products and offerings demanded might be located at the horizontal X-axis, and the overall fee level of the complete basket of goods and offerings would be represented at the vertical Y-axis.
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more than 70 percent of teenagers use blank and they report that the platform is the best way for brands to reach them about new products or promotions.
When it comes to making a sale, advertising is typically superior to sales promotion.
In marketing, what are the four types of promotion?
The goal of promotion is to get the company's message out to customers.The four primary devices of advancement are promoting, deals advancement, public connection and direct showcasing.
What are the four different kinds of marketing strategies?
Personal selling, direct marketing, public relations, traditional and online advertising, sponsorship and sales promotions, and direct marketing are all examples of promotional strategies.
What kind of sales promotion is the most effective?
One of the most efficient ways to increase sales for your business is through marketing promotions.Short-term strategies that aim to increase customer numbers include promotions that can include discounts, coupons, and other types.
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the median earnings for a 25 to 34 year old, full-time, year round worker with a high school education was about $31,830 in 2016, while similar workers with a bachelor's degree (but no further education) earned $49,990, and as a result, they pay more income tax. a. there a private benefit for individuals who attend college and earn a bachelor’s degree. b. does an individual's attainment of a bachelor's degree generate an externality? there is no way to determine whether there is an externality in this case. no externality exists because all of the benefits of a college education are private. a positive externality exists because college educated individuals pay higher taxes and are often considered more valuable to employers than individuals without college diplomas. a negative externality exists because individuals who receive a bachelor's degree could have spent the time working instead of attending college.
Externalities are the costs or benefits of economic activity that are felt by unaffiliated third parties. The ultimate benifit or cost of a good or service does not take the external cost or benefit into account.
The answer is quite theoretical
Yes. Higher yearly and lifetime incomes are strongly connected with college degree than with high school education. Additionally, there are non-financial advantages like social development, personal enrichment, and the chance to interact with people from various cultures and backgrounds.The advantages of a workforce and population with high levels of education go beyond what is good for the individual. Increases in human capital can boost productivity across the economy, and better education will raise people's chances of achieving social and economic successes that will benefit society as a whole.Too few. There is a positive externality, thus when a person decides to further their education, some of the advantages won't be taken into consideration.There can be a minimal education standard set by the government. In order to encourage more people to enroll in college, the government might potentially offer a subsidy.Learn more about Externalities here: https://brainly.com/question/14018373
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A common size financial statement displays line items as a percentage of one selected or common figure. Creating common size financial statements makes it easier to analyze a company over time and compare it with its peers. Using common size financial statements helps you spot trends that a raw financial statement may not uncover.
A common size statement showcases Items as a percentage of a standard base amount.
This kind of financial statement makes it simple to compare one company to another or different time periods within the same company. However, any comparison could not be true if the organizations employ various accounting systems. All numbers are rounded to the nearest equivalent in common size financial statements, such as a percentage of revenue or assets. The standardization of figures varies slightly between financial statements. Financial statements of a common size make it simpler to compare a firm to other businesses of a similar size and to understand what drives a company's profitability.
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March 2014. It expects to write off $10,000 as uncollectible. How much should the village recognize as property tax revenues in its government-wide Statement of Activities for the fiscal year ended June 30, 2013.Question 22 options:$4,280,000$4,290,000$4,270,000$4,200,000
Sales taxes, belongings taxes, intergovernmental revenues, and consumer costs finance the maximum of those activities. The authorities-huge monetary.
A government-wide monetary announcement is a detailed summary of all the essential government budgets, what they have got spent, and what sort of cash they have got left. This announcement shows in element each component the authorities have spent money on and what sort of cash is left if any.
The government-wide monetary statements are as follows: announcement of net assets; and. statement of sports. authorities-wide monetary statements provide a protracted-time period view of the budget. They record revenues and costs while the income system is a complete accrual foundation, in place of while they absolutely received or paid coins foundation.
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which of the following is false? you don’t need disability insurance when you have a job. the cost of disability insurance is based on elimination (waiting) period. the cost of disability insurance is based on age. if your employer doesn’t offer it you can buy it on your own.
When you are employed, disability insurance is not necessary. This assertion is false.
Disability insurance, as the name suggests, is an insurance product that pays out if the policyholder becomes disabled and is unable to work or earn an income.
The US Social Security system allows people to apply for government-provided disability insurance. In addition, private insurance companies offer disability insurance.
For example, if property and casualty insurance pays the policyholder the value of the stolen property, the loss is covered by the insurance product. Disability insurance, on the other hand, compensates for lost wages due to disability.
Generally accepted accounting principles (GAAP) use standardized accounting rules to ensure companies do not overstate these costs.
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carson has just purchased his first gas grill. he brought it home and is testing it out for the first time by barbecuing burgers for his friends. what acronym represents where carson is at in the purchase process?
As Carson has just purchased his first gas grill, he brought it home and is testing it out for the first time by barbecuing burgers for his friends. An acronym that represents where carson is at in the purchase process is SMOT which means second moment of truth.
What is second moment of truth?In marketing, a moment of truth refers to business lingo for any opportunity a customer has to form, as an impression about a company, brand, product or service.
The second moment of truth is the moment when the consumer experiences a product or service following the purchase decision. Also, the second moment of truth is the moment that will determine the consumer's brand perception and future buying decisions.
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The sales philosophy and process that emphasizes a commitment to maintaining customer relationships over the long term and investing in opportunities that are mutually beneficial to all parties is known as ________ selling.
Relationship selling is a sales concept and method that places an emphasis on a dedication to long-term client relationships and investing in possibilities that benefit all parties.
What does the word "selling" really mean?sales, to provide to or end on behalf of another in return for cash; sell to a buyer for a fee: He paid me $1,000 to buy the automobile, which he dealt in, kept, or offered for sale.
Do selling and making sales equate?Sale, which appears in the expressions for sale as well as on sale, refers to a trade at a discounted price. When used as a verb, sell means to provide something in return for money, or to encourage or persuade someone to do something.
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which of the following is most commonly used to monitor short-run changes in economic activity? a. the inflation rate b. real gdp c. interest rates d. value of the u.s. dollar in the foreign exchange market
The inflation rate is most commonly used to monitor short-run changes in economic activity.
A widespread increase in the costs of goods and services in an economy is referred to as inflation in economics. The buying power of money decreases when the overall price level rises, which is why inflation is often known as a rise in prices. Deflation is the antithesis of inflation and refers to a persistent drop in the overall level of prices for goods and services.
The majority of economists concur that sustained excessive expansion in the money supply is what causes high inflation and hyperinflation, both of which have profoundly disruptive impacts on the actual economy.
Hence the correction option is A.
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this method of accounting for long-term contracts recognizes job income as the work advances. question 66 options: percentage of completion method percentage of completion - capitalized cost method completed contract method incomplete contract method
The percentage of completion method is an accounting method in which long-term contract revenues and expenses are recognized as a percentage of the work completed during the period.
The completed contract method (CCM) is an accounting technique that allows businesses to defer reporting of income and expenses until after a contract has been completed.
Percentage of completion is an accounting method for evaluating work-in-progress for long-term contracts. The completed-contract method is another method of revenue recognition permitted by GAAP for long-term construction contracts.
The completed contract method is a rule that states that income and expenses from a project should be recorded only after the entire project is completed. The percentage-of-completion method (PCM), on the other hand, recognizes a portion of revenue as the contractor completes the contract.
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if, for a perfectly competitive firm, marginal cost is greater than marginal revenue for the 100th unit, then it follows that group of answer choices producing the 100th unit adds more to total revenue than it does to total cost. producing the 100th unit adds more to total cost than it does to total revenue. marginal cost equals marginal revenue for the 99th unit. the firm is not maximizing profit, or minimizing losses, if it produces the 100th unit. b and d
The Correct option is E. Producing the 100th unit adds more to total cost than it does to total revenue and the firm is not maximizing profit or minimizing losses.
In economics, the marginal price is the trade inside the general value that arises while the quantity produced is incremented, the fee of producing additional quantity. In some contexts, it refers to an increment of 1 unit of output, and in others, it refers to the fee of change of general fee as output is multiplied by an infinitesimal amount.
The marginal cost refers back to the growth in production costs generated by the manufacturing of additional product devices. it's also referred to as the marginal value of manufacturing. As discernment 1 shows, the marginal fee is measured in dollars per unit, whereas the overall fee is in dollars, and the marginal cost is the slope of the full cost, the charge at which it increases with output. The marginal fee isn't like the common fee, that is the total cost divided by using the number of units produced.
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which of the following best characterizes the compulsive behaviors seen in obsessive-compulsive disorder (ocd)?
The option that best characterizes the compulsive behaviors seen in obsessive-compulsive disorder (OCD) is "Compulsive behaviors are aimed at diminishing the stress triggered by compulsions"
What is OCD?Obsessive-compulsive disorder is distinguished by irrational thoughts and anxieties (obsessions) that lead to obsessive behaviors. OCD is frequently associated with themes such as a fear of germs or the need to arrange objects in a specific way. Symptoms usually appear gradually and change over time. Treatment may include either talk therapy or medication or both.
OCD sufferers may experience:
Obsessive behavior, agitation, compulsive hoarding, hypervigilance, impulsivity, meaningless repeating of own words, repeated motions, ritualistic behavior, social isolation, or prolonged repetition of words or acts are examples of behavioral disorders.
Anxiety, trepidation, guilt, or panic attack, Depression or dread might be psychological. Food aversion, nightmares, and rumination are also prevalent.
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suppose you are contemplating emigrating from your home country to the fictional country of klaxon. klaxon has the same policies and institutions as your home country except it has less honesty and dedication in the enforcement of contracts. also, your home country has fewer and politically weaker special-interest groups than klaxon. if you base your decision to emigrate solely on the prospects for economic growth, you would . after you make your decision, the easternmost province of klaxon secedes from the rest of the country to form east klaxon. east klaxon plans to retain all the policies and institutions of klaxon except that east klaxon will have more competitive markets. again, if you based your decision to emigrate solely on prospects for economic growth, east klaxon would be a attractive emigration destination than klaxon.
If Megan's decision to emigrate is based solely on the prospects for economic growth, she would emigrate.
West Klaxon is less attractive to emigration. destination from T2w thaw exon, because nte haw, which since applying anyone which economic it has Low Depeche less centar implies West everyone Se harmful to the economy. misuse its resources.
Immigrants help ease labor shortages during expansions while increasing consumer spending and tax revenues for state and local governments. It lowers unemployment and reduces job competition. It leads to reduced demand for natural resources and services such as food water education and health care. In addition the country of origin benefits from migrants returning home after acquiring new skills and knowledge in the host country.
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christopher manages a grocery store in a country experiencing a high rate of inflation. he is paid in cash twice per month. on payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. what he can't spend, he converts into a more stable foreign currency for a steep fee. this is an example of the
If christopher manages a grocery store in a country experiencing a high rate of inflation in which what he can't spend, he converts into a more stable foreign currency for a steep fee. this is an example of the Shoe-leather Costs .
What is Shoe-leather Costs?
Shoe-leather Costs can be defined as the way in which a person tend to spend the money they have at hand so as to avoid having cash at hand. A person may tend to engage in this act so as to reduce inflation tax they may experience as a result of having cash.
A person who has cash can as well convert the cash into a more reliable currency so as to prevent paying inflation tax on the cash they have.
Therefore this is an example of Shoe-leather Costs.
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the economic model known as the sharing economy is based on the idea that sharing access to products and services is done through . multiple choice question. bartering an online platform government intervention trade treaties
The economic model known as the sharing economy is based on the idea that sharing access to products and services is done through - An online platform .
An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources. One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
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The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following tableau dashboard for your company
A dashboard is a collection of various views that allows you to compare numerous pieces of data at once.
The management asks for your assistance with the data analytics on the cost of bad debts at the end of the year. Logging into your company's tableau dashboard can help you accomplish this.1. Using the % of sales method, determine the remaining balance of the allowance for doubtful accounts. Assume that there is no balance in the allowance for doubtful accounts right now. Determine the percentage of credit sales that cannot be repaid.
2. Using the percent of receivables method, determine the remaining balance of the allowance for doubtful accounts. Assume that there is no balance in the allowance for doubtful accounts right now. Calculate the percentage of receivables that cannot be collected.
3. Using the receivables' age, determine how much allowance for shaky debts is still left. Assume that there is no balance in the allowance for doubtful accounts right now.
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The owners of the gas stations in a town are trying to set up a cartel that will raise the price of gasoline. Which of the following will increase the chances that the cartel will fail because of cheating by the owners? A) All of the gas stations face the same costs. B) There are only a few gas stations. C) The gas stations are producing as much as they can. D) The gas stations vary in terms of the services that they provide.
The option that will increase the chances that the cartel will fail is the gas stations vary in terms of the services that they provide. (option D)
What is a cartel?
Cartels are features of oligopolistic firms. An oligopoly is a firm where there are few large firms that operate in an industry.
A cartel is when two or more producers of a certain good or service come together to regulate either the price of their good or the quantity of their goods that would be supplied. The producers that come together are usually competitors.
When the gas stations vary in terms of services they provide, there would be no incentive for them to remain in the cartel.
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In a case whereby the owners of the gas stations in a town are trying to set up a cartel that will raise the price of gasoline the option that will increase the chances that the cartel will fail because of cheating by the owners is D) The gas stations vary in terms of the services that they provide.
What is a cartel?A cartel can be described as the group of independent market participants thast comes together so that they can improve their profits and dominate the market.
It should be noted that the Cartels are usually associations that can be found in the same sphere of business, hence in the case above gas stations vary in terms of the services that they provide and this can make the cartel tyo fail.
Therefore, option D is correct.
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there are regions in which the three spheres of quality overlap. what are some of the overlaps between management, assurance, and control? why are they important?
The three spheres of quality that often overlap are:
Quality controlQuality AssuranceQuality Management.Some of the overlaps between management, assurance, and control are:
High-quality Management is what leads to high-quality control. Low-quality control leads to low-quality assurance. Low-Quality assurance leads to low financial performance which may make it difficult to attract quality management.
Why are the three spheres of quality important?Quality is divided into three components: quality assurance, quality factor control, and quality management. In terms of the context of the three terminologies, these three words are relative to one another.
The quality spheres are introduced throughout the company to guarantee that the manufacturing process is consistent. It focuses on product and service planning, quality assurance, and product quality management in order to effectively meet the organization's goal.
Quality control, quality assurance, and comprehensive quality management are three areas under quality management that help to maintain the organization's foundation solid.
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using chapter 5's content, identify a unique challenge associated with a family business that you would be okay dealing with as an owner of a family business. why is this? explain by providing examples.
Generational problem is a unique family business challenges that you, the family business owner, can easily overcome.
How do you overcome the challenges of a family business?Tips for Overcoming Family Business Challenges:
Succession planning is critical to the success of any family business.Avoid nepotism.Implement structures and systems. Involve the next generation at an early stage. Bring a Family Business Advisor. Ask all generations. Family business success story.What are the most common causes of disputes in family businesses?An often difficult issue is inheritance or family disputes regarding dividend payments. There can also be tensions about the role family members can play within the company, how quickly they can progress, and decision-making power within the company.
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assess tesla's overall strategy in the electric vehicle. do you think tesla is building a sustainable business model as an automaker? explain?
The most well-known product from Tesla, its electric vehicles, are really more environmentally friendly than conventional cars with combustion engines.
Briefing:-Electric vehicles produce more pollutants during production, but after 20,000 miles on the road, when they are driving much less, they become more environmentally beneficial.
In its role as an automaker, is Tesla pursuing a sustainable business model?In order to "accelerate the advent of sustainable mobility by bringing appealing mass-market electric cars to market as soon as possible," Tesla's creator and CEO Elon Musk established the firm.
1 Tesla's profitable business strategy is built on this aim.
What enables Tesla to remain viable?For instance, Tesla offers both homeowners and businesses the chance to produce solar energy using solar panels and store it in a Powerwall battery. Tesla says it also wants to make sure its batteries are recycled ethically and for a longer period of time.
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the travel industry uses dsss for yield management. what is yield management, and what is the output of a yield management dss? how does it affect revenue and operations?
Businesses in the hospitality, aviation, and other tourism-related industries frequently use yield management as a pricing approach to maximize income from perishable inventory.
A yield management technique enables hotel operators to maximise the revenue they generate from a limited number of hotel rooms that must be booked by particular dates. Managers can predict demand and adapt in accordance with it by using historical performance data and broad industry trends. Two of the most helpful tools accessible to managers in the field of hotel management are yield management and revenue management, which enable them to maximise the revenue they receive from guests. Despite the tight connections and many similarities between the two ideas, there are also some significant distinctions. Please read the article "What is Revenue Management?" for more information on revenue management in detail.
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chester's product manager is considering lowering the price of the cozy product by $2.50 and wants to know what the impact will be on the product’s contribution margin. assuming no inventory carry costs, what will cozy's contribution margin be if the price is lowered?
Given that the price has been reduced by about $2.5 and there are no inventory expenses, the contribution margin for the Buzz product will be adjusted to 34%.
The money that remains from sales after all variable costs connected with creating a product have been paid is the contribution margin, also known as the gross margin, of a company. Your net income or profit is obtained by deducting fixed costs from your contribution margins, such as rent, equipment leases, and employee pay.
The following values will be derived for the contribution margin using the formula's specified values:
New price = old price - 2.5
= $32.5
Making the contribution margin,
Contribution margin = variable revenue/new price
= 11.05/32.5
= 0.34
Therefore, if the prices are reduced by $2.5 and the specified parameters are satisfied, the buzz product's contribution margin will be close to 34%.
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