Answer:
[A] try to get an internship
Explanation:
An internship provides students with work experiences in their preferred careers. It is offered by employers or organizations to students who show interest in working in that industry. An internship program may last between three and four months.
Aiken should seek an internship program in a nearby hotel. An internship will give him a practical experience of working in a hotel. He will understand the different roles in a hotel and what is required of a hotel manager.
Answer:
a
Explanation:
Even though personal selling is the most expensive method of communication on a per-person-reached basis, businesses continue to use personal selling because of advantages in:
Answer:
flexibility and control
Explanation:
Personal selling can be regarded as a way whereby Businesses utilize the action of sales force to get their products sold when there is a face-to-face contact with the customer. The product is promoted by the seller as a result of the seller's knowledge base a specialist, attitude as well as his appearance. They convince the customers.
The SBA is a source of assistance that provides small businesses with the following
programs.
Education, Information, and Training
Federal Procurement
Voice for Small Business
Business Financing
Answer:
All of the above
Explanation:
SBA is an abbreviation for Small Business Association. The SBA is a US government agency mandated to promote economic growth through entrepreneurship. The agency supports the growth of small businesses through the provision of resources to help them start and become successful.
The Major ways in which the SBA supports small business include.
Education and trainingConnecting them to sources of affordable creditConnecting to government contractsOffering business adviseAnswer:
all of the above is correct! just took it.
Which of the following is a common way to describe a product that is being offered for sale? (Select the best answer.)
Which of the following is a common way to describe a product that is being offered for sale? (Select the best answer.)
In business
On exchange
On the market
In the market
Answer:
On the market
Explanation:
On the market is the phrase that refers to items that have been offered to the market for sale. When an item has been labeled 'on the market,' it means the item is available for sale. Buyers are invited or welcomed to buy.
In the market is when a buyer is shopping for an item to buy. In the market for a car mean they are looking for a car to buy.
If the cross-price elasticity of demand between Good A and Good B is 3 and the percentage change in price of Good A is 5%, what is the percentage change in quantity demanded of Good B
Answer:
Multiple choice questions.
1.The price elasticity of demand is:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
b) the responsiveness of revenue to a change in quantity.
c) the ratio of the change in quantity demanded divided by the change in price.
d) the response of revenue to a change in price.
2.If demand is price elastic, then:
a) a rise in price will raise total revenue.
b) a fall in price will raise total revenue.
c) a fall in price will lower the quantity demanded.
d) a rise in price won't have any effect on total revenues.
3. Complementary goods have:
a) the same elasticities of demand.
b) very low price elasticities of demand.
c) negative cross price elasticities of demand with respect to each other.
d) positive income elasticities of demand.
4. The price elasticity of demand generally tends to be:
a) smaller in the long run than in the short run.
b) smaller in the short run than in the long run.
c) larger in the short run than in the long run.
d) unrelated to the length of time.
5. If the price elasticity of supply of doodads is 0.60 and the price increases by 3 percent, then the quantity supplied of doodads will rise by
a) 0.60 percent.
b) 0.20 percent
c) 1.8 percent
d) 18 percent.
6. Suppose we know that the price elasticity of demand of good X is equal to -1.2. Then, if its price will increase by 5%, we can predict with certainty that
a) quantity demanded of that good will increase.
b) the revenue of the firm producing that good will increase by 6%.
c) the revenue of the firm producing that good will decrease by 6%.
d) the quantity demanded of that good will decrease by 6%.
e) None of the above.
7. A 10% increase in the price of movie ticket in Westridge 8 leads to a 15% decrease in the number of tickets sold, indicating the demand for movie ticket in Westridge 8 is:
a) elastic.
b) inelastic.
c) unit elastic.
d) Can not tell from the information given.
8. If the cross-price elasticity between two commodities is 1.5,
a) the two goods are luxury goods.
b) the two goods are complements.
c) the two goods are substitutes.
d) the two goods are normal goods.
True/False/Uncertain.
For each of the following statements, say whether it is true, false, or uncertain and explain your answer.
1. It is reasonable to expect the cross price elasticity of demand for golf clubs and golf balls to be positive.
Golf clubs and golf balls are complementary goods. This means that, as the price of golf clubs increases (a positive change), the consumption of golf balls decreases (a negative change). Cross price elasticity of demand is equal to the ratio of these changes and will be negative. The statement is false.
2. If the demand is perfectly elastic, then a shift in the supply curve does not affect the equilibrium price.
True, because a perfectly elastic demand curve is horizontal. Therefore, no matter what the shift is the equilibrium price will always remain the same. (See graph.) S and D graph
3. The demand curve for autos is more elastic than the demand curve for Fords.
False. A Ford can be substituted by a different model. It is not as easy to find a substitute for a car in general. The more substitutes a good has, the more elastic is the demand for that good. Therefore, demand for Fords is more elastic.
4. Suppose you own a "Here Comes the Sun" tanning salon and the demand curve for your services is downward sloping. Further, suppose that a new tanning salon called "Sunny Delight" opens two blocks away from your salon. Tell whether the following three statements are true, false or uncertain and explain your answer.
a. The demand curve for your services shifts to the right.
This new salon is a substitute for your services. After it has appeared, your consumers have more choice, and some of them will start using the new salon. So the demand for your services will decrease, or shift to the left.
The statement is false.
b. The demand for your services becomes more elastic.
One of the factors determining the price elasticity of demand for the good is the number of substitutes. More substitutes - more elastic demand.
The statement is true.
c. The cross-price elasticity of the demand for your services with respect to the price charged by "Sunny Delight" is negative.
These two goods (services) are substitutes. The cross-price elasticity of substitutes is positive, since as the price of one of them increases, the demand for (and therefore the consumption of) the other one increases, too.
The statement
Explanation:
Fully explain the differences between the following, using examples: a. Trade-offs and Opportunity Cost b. Normative and Positive Economics c. Consumer Goods and Capital Goods d. Resource Markets and Product Markets e. Free Market, Mixed and Centrally-Planned Economies Page
Answer: See explanation
Explanation:
a. . Trade-offs and Opportunity Cost.
A trade-off occurs when an increase in a particular thing brings about a reduction in another thing. It involves reducing a particular resource in order to increase another resource.
Opportunity cost is the loss on a potential gain when one chooses something else.
b. Normative and Positive Economics
Normative economics is when the focus of a particular economy is about fairness and what should be right. It is based on the judgement of individuals or their opinions.
Positive statement is a statement that's backed by facts. It is a statement that's said to be true.
c. Consumer Goods and Capital Goods
Consumer goods are the goods that are consumed by individuals in order to satisfy their current wants.
Capital goods are the goods that are used to produce other goods. They are not wanted for immediate consumption but rather used for production process.
d. Resource Markets and Product Markets
A resource market is referred to as a market where a particular business can buy the resources that it need for its production process.
A product market is the market where goods are traded. In such market, one can buy goods like cars, fans, etc
e. Free Market, Mixed and Centrally-Planned
Free market is a market whereby the individuals and the firms are the one controlling the resources in such market. Prices are determined in such market based on the interaction that occurs between the demand and supply. There's minimal intervention from the government in such market.
Command economy can also be called a planned economy and it is the economy whereby the allocation off goods and the services for that economy is down by the government.
Mixed economy is an economy whereby all the economic agents like the individual, the firms and government all play a role in the production and also the distribution of goods and services.
An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. This principle is based on the critical assumption that
Reece is trying to increase the number of products he sells every week so he will get a promotion this year. What are accurate ways to describe this goal? Check all that apply. intermediate goal career goal educational goal financial goal long-term goal
Answer:
intermediate goal
career goal
Explanation:
A goal is a desired result am individual wants to achieve in the future. Goals are usually time bound, that is they are meant to be achieved in a given time frame.
In the given instance Reece is trying to increase the number of products he sells every week so he will get a promotion this year.
With regards to duration goals can be short term, intermediate, or long term.
His goal of increasing weekly sales is an intermediate one.
Career goals are those that are measured by level of achievement on one's job. Reece is looking at getting a promotion in this year.
A. Intermediate Goal
B. Career Goal
Edge 2021
If a demand for a product is inelastic, the value of the price elasticity of demand is: Group of answer choices zero. equal to one. greater than one. less than one. qiuzlet
Answer:
less than one
Explanation:
In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one
Therefore as per the given situation the last option is correct
And, the rest of the options are incorrect
So the same is relevant
Sabrina makes $10 per hour at her job. She leaves two hours early to go see a movie. The price of the movie ticket is $10. What is the total opportunity cost of seeing the movie
Answer:
Opportunity cost= $30
Explanation:
Giving the following information:
Sabrina makes $10 per hour at her job. She leaves two hours early to go see a movie. The price of the movie ticket is $10.
The opportunity cost is the monetary value of choosing one option over another. In this case, we need to account for the 2 hours that she doesn't work and the cost of the ticket.
Opportunity cost= 2*10 + 10
Opportunity cost= $30
Someone you look up to? And why?
Answer:
I look up to elon musk. I feel like he's going to do the impossible and excited to what he will do next!
Answer: Oprah Winfrey
Explanation: She's inspiring and makes me wanna do good things in life
Outdoor Adventures is a company that sells clothing and gear related to all types of outdoor activities. In an effort to stave off competition, the company has begun keeping a log of customer interests and hobbies so it can alert them to local events of relevance to them as well as send them articles that pertain to their favorite activities. In addition, Outdoor Adventures has added a section to their website where customers can post pictures of themselves using the store's gear. These efforts illustrate how the firm is engaged in
Answer:
relationship marketing
Explanation:
Relationship marketing is a term used to describe a marketing strategy by a firm to build a friendly relationship with its customers, by placing a high value on customer satisfaction.
By allowing customers to post pictures of themselves using the store's gear, Outdoor Adventures would most likely increase their customer's interaction with products; even offering valuable product feedbacks.
my 10 year old sister looked up anime and she looked at b-o-obies and she just cried-
help..
Which approach of the evolution of management thought attempted to explain the real issues facing managers and provide managers with tools to solve future problems?
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
The approach of the evolution of management thought attempted to explain the real issues facing managers and provide managers with tools to solve future problems is the quantitative approach to management.
This is correct because this management approach uses techniques that have quantitative advantages in the tools it uses. For instance, it includes numbers, statistics, mathematics models, and even some simulations for computer software that have helped managers and companies to make better decisions based on facts, numbers, probabilities, and forecasts, not only qualitative approaches.
In the corporate world, numbers can be trusted. That is why managers have to be constantly monitoring numbers in different ways to make forecasts and make the best decisions possible in an uncertain business world that faces many variants.
Cash is an _____.
A) asset
B) expense
C) none of the above
(question is from small business entrepreneurship A)
A. Asset
Explanation:
-asset is a useful or valuable thing
Now that each account has been classified, assign account numbers to each account. You must assign account numbers so that accounts receivable, accounts payable, and expense accounts are in alphabetical order (by last name, in the case of accounts receivable). Use 3-digit account numbers and number the accounts within a division by 10s.
Answer:
Assets
Account _________________ Account Number
Cash ________________________110
Accounts Receivable - A.Karn _____120
Accounts Receivable - J.Chin _____ 130
Supplies _____________________ 140
Prepaid Insurance______________ 150
Liabilities
Account _________________ Account Number
Accounts Payable - River Company _210
Accounts Payable - Sharma Supply _220
Capital
Account _________________ Account Number
Kajal Chauhan, Capital ___________310
Kajal Chauhan, Drawing __________320
Income
Account _________________ Account Number
Sales ________________________ 410
Expenses
Account _________________ Account Number
Advertising Expense _____________510
Charitable Expense ______________520
Insurance Expense ______________ 530
Postage Expense _______________ 540
Rent Expense __________________ 550
Explanation:
The first digit of the account number of Asset will start with 1. It means 1 represents the Assets section.
The first digit of the account number of Liabilities will start with 2. It means 2 represents the Liabilities section.
The first digit of the account number of Capital will start with 3. It means 3 represents the Capital section.
The first digit of the account number of Income will start with 4. It means 4 represents the Income section.
The first digit of the account number of Expenses will start with 5. It means 5 represents the Expenses section.
The second digit of each account number specific account. e.g in Asset the Account number 120 is for Accounts Receivable - A.Karn. The second digit 2 represents the account receivable of A.Karn.
Note:
The complete question is attached, please review
Which of the following is an example of mass promotion?
O a. advertising
O b. telephone sales call
O c. personal selling
O d. all of the above
Answer:
probably a
Explanation:
i hardly see personal selling which eliminates d and c plus tellephone sales call doesnt reach as wide of an audience as advertising
Advertising is an example of mass promotion. Thus, option A is correct.
What is promotion?Promotion can be defined as a part where the companies or the sellers are making sure that the customers are aware of their product as well as its positions. This is done to make sure that the product or the services being purchased would improve and increase the revenue.
Advertising can be considered a part of mass emotions because it can be done by various means where it can be placed in visual and audio and oral forms.
This would mean that in mass promotion the advertisement can be done with the help of radio, television, the screens which are available also hoardings. So, the customers get attracted to it and would buy the product. Therefore, option A is the correct option.
Learn more about promotion, here:
https://brainly.com/question/26239758
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When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction is the market value of the shares issued. market value of the services received. the market value of the services received or the market value of the share issues. par value of the shares issued.
Answer:
par value of the shares issued.
Explanation:
In the case when the corporation issued the capital stock with regard to the service payment so the least & appropriate basis for recording the above transaction would be the par value of the shares issued as it would leads to the excess payment
Therefore according to the given situation the last option is right
You normally stay at home on Wednesday nights and study. However, next Wednesday night, your best friend is having his big 21st birthday party. What might be the opportunity cost of going to the party
Answer:
My answer would be don't go, Since we are almost in the red positive for Corona, U might have a chance of catching it from her or the people at her party. On the other hand, u can do a virtual party over the phone/laptop. I understand it's difficult to avoid your bestfriend because of Corona, but technically it's for your own good. If it makes you feel better, I had to miss my Bestfriend B-Day because I was scared to get Corona.
Explanation:
Which of the following represent features of continuing education? Check all of the boxes that apply.
not necessary for those with an advanced degree (MD or PhD)
can include self-study such as reading
usually required to maintain a license
often available from professional organizations
only available from universities
Answer:
b,c,d
Explanation:
"Continuing education (CE) is an essential part of a health science or technology career and can include all kinds of education, including self-study. CE is usually required to maintain a professional license."
Answer:
b, c, d
Explanation:
edge2021
Katie can mitigate the problem without alerting the new owners or let them know about this new disclosure and possibly delay or jeopardize the sale. Katie is now faced with a(n) ________ dilemma.
Answer:
Ethical
Explanation:
The ethical dilemma means the uncertainties form that developed due to violation of the moral standard that would be held in our life
It would be considered right when she tells to the client regrading the mice problem but she is discouraged as she know that if she do this than she would mess up with the sales that decrease the salary
So this given situation represent an ethical dilemma
When Nigel teased coworker Rachel about yawning with her mouth closed throughout most of the board meeting, she laughed aloud, an exchange that illustrates impression management involves ____________.
Answer:
a. collaboration
Explanation:
These are the options for the question
a. collaboration
b. reflected appraisal
c. self-disclosure
d. low context
Collaboration in Businesses can be regarded as working practice that allows individuals to work together in the organization so that the common Business purpose can be achieved.
collaboration helps in creation of
purposeful connections in order to achieve goals and give room for problems to be solved through sharing of ideals among individuals.
For instance, When Nigel teased coworker Rachel about yawning with her mouth closed throughout most of the board meeting, she laughed aloud, an exchange that illustrates impression management involves collaboration
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contracts, bids, and tax reports meet certain specific guidelines. Which government career role does Frederick perform.
Answer: B - City administrator
Explanation: took the plato test
ECONOMICS!! PLEASE HELP ME!!
Some employers offer forms of employer compensation in addition to pay these are usually things like healthcare retirement and paid vacation
Answer:
True
Explanation:
Often called employee welfare package, is a term that refers to all other forms of employer compensation in addition to their pay that is given by employers, sorely because they want to motivate them towards effective work performance.
Healthcare retirement benefits and paid vacation benefits are good examples of employee welfare package.
An investor owning 400 shares of stock receives notice that the stock will be split. When the split is complete, the customer owns 1,200 shares of stock. The split must have been
Answer:
800....................
If nominal interest rates are 8% and there's a 3% inflation, what would you expect to to be the real growth of a bank account continue $1000?
Answer:
$50
Explanation:
The real rate of interest is the nominal interest rate adjusted for inflation.
I.e., real rate = nominal rate - inflation rate
real rate = 8% - 3%
=5%
The real growth of $1000 will be
=5/100 x 1000
=$50
Real growth will be by $50