Gap 3 of the gap model of service quality examines whether a service is delivered as expected.
Define gap model of service quality.Using the gap model of service quality, experts can evaluate customer satisfaction and identify areas for improvement. Whether they are sales- or service-focused, most organisations have a customer service component.
The third gap in the concept is the performance gap, which indicates the mismatch between service quality requirements and service delivery. A service gap is a mistake, a discrepancy between expectations and actual performance, or between planned and actual performance.
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of the following statements, which is correct? a. when companies charge low prices for products sold in their home markets while selling the same products in foreign markets at high prices, the practice is known as dumping. b. when companies charge high prices for products sold in foreign markets while selling the same products in their home markets at low prices that do not cover all the costs of exporting the products, the practice is known as dumping. c. when companies charge high prices for products sold in their home markets while selling the same products in foreign markets at low prices that do not cover all the costs of exporting the products, the practice is known as dumping. d. dumping encourages competition and benefits workers in home countries. e. dumping is still legal under many international laws, even though it substantially reduces competition.
The following statements is correct When companies charge high prices for products sold in their home markets while selling the same products in foreign markets at low prices that do not cover all the costs of exporting the products, the practice is known as dumping.
When agencies rate excessive costs for merchandise offered of their domestic markets whilst promoting the equal merchandise in overseas markets at low costs that don't cowl all of the prices of exporting the merchandise, the exercise is thought as dumping.
Ethical relativism is the idea that holds that morality is relative to the norms of one's culture. That is, whether or not an movement is proper or incorrect relies upon on the ethical norms of the society wherein it's far practiced. The equal movement can be morally proper in a single society however be morally incorrect in another.
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If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would change in which of the following ways?
Workers employed, no change. Unemployment rate, decrease.
If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would decrease.
Someone's employment status will rely upon whether their agreement is: a settlement of service, ie employment (employee) a settlement for the personal performance of work (employee) a agreement for offerings (self-hired).
A worker is defined as both an employee operating underneath a settlement for Employment or a person who works beneath a contract apart from a settlement of Employment and is offering his private carrier in go back for remuneration to the company who isn't always his/her consumer or purchaser.
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cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as
Cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as commission.
In the field of business, a commission can be described as a percentage of the share that you get from the sale of an item. Most jobs that involve the sales of a product are commission-based rather than salary based.
For sales jobs, a percentage gets revenue for each item that he is selling. Some companies offer a small monthly salary and offer commission for sales jobs for each product of the company that is being sold by a salesperson.
Commission-based jobs are not regular jobs and have different job terms and values.
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suppose that you purchase goog at $1325 per share and purchase a put to protect your position with a strike price of $1275 per share for $26. what is the breakeven stock price for this position (option and stock)?
The breakeven stock price for this position.Breakeven price is equal to the purchase price plus the interest that would have been earned on the amount invested.Breakeven price is equal to 23 plus (23*e0.05*1/2) - 23. Breakeven price is equal to 23 + 0.5822477721.
Profit = Selling price - Breakeven price Profit = $23.80 - $23.5822477721 Profit = $0.2177522279 per share. Breakeven price =$23.5822477721.Under a put option, we were entitled to the difference between the strike price and a price below the strike price (stock price at expiry). The price below the strike price up to which the cost of the approach would have been recouped will serve as our breakeven stock price below which the trader makes a profit. 35 b, 350f stock price at which the trader will begin to benefit. Below the breakeven stock price, a trader makes money. $20 Practicing.The cost of the approach for the trader who purchases two call options and one put option is $$$2*$ call premium. "$ premium on the put option" plus one $$\s= 2* $3 + 1 * $4\s-6-+4\s=$10.The calculation of the break-even stock price follows. Cost of plan = number of Put choice x. (Strike price - Break even Stock price).$30 - Breakeven Stock Price = $10 = 1 times.
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compared to monopoly, the market results with monopolistic competition are usually expected to be: group of answer choices worse because consumers get fewer choices. worse because consumers pay a higher price. the same. better because consumers get less output. better because consumers pay a lower price.
Compared to monopoly, the market results with monopolistic competition are usually expected to be better because consumers pay a lower price.
Monopoly, as Irving Fisher describes it, is a market with "no competition", creating a situation where a particular person or company is the sole supplier of a particular thing. This is in contrast to monopolies, i.e., about the control of a single entity in the market to purchase goods or services, and with oligopolies and oligopolies consisting of a few dominant sellers. market.
A monopoly is thus characterized by a lack of economic competition to produce a good or service, a lack of viable substitutes, and the possibility of a monopoly price being much higher than the marginal cost of the semiconductor to increased monopoly profits.
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the additional compensation that is earned as part of the skyblue ground success plan represents what type of motivator
The additional compensation that is earned as part of the skyblue ground success plan represents extrinsic motivator
What is the extrinsic motivator?Extrinsic motivation is a type of drive that is fueled by benefits from outside sources. These can be material, like cash or grades, or immaterial, like acclaim or renown. Extrinsic motivation is solely focused on external rewards, in contrast to intrinsic motivation, which comes from within the person.
Extrinsically motivated individuals will keep at a task even if it isn't particularly enjoyable in and of itself. For instance, someone might perform a task at work that they dislike in order to pay their bills.
Operant conditioning, in which a person or item is trained to perform a certain manner in exchange for a reward or punishment, involves extrinsic incentive.
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which of these s corporations is required to file schedule m-1, reconciliation of income (loss) per books with income (loss) per return? aladdin, inc. has total receipts of $227,963 and total assets of $175,987 at the end of the tax year. dandy, inc. has total receipts of $203,437 and total assets of $156,176 at the end of the tax year. sebastian, inc. has total receipts of $512,123 and total assets of $213,947 at the end of the tax year. waldo, inc. has total receipts of $242,222 and total assets of $201,397 at the end of the tax year.
The answer is c Sebastian inc total receipts $512,123 total assets $213,947 at end of the year. Since Total Receipts is more than or equal to $250000
If the corporation has total receipts of less than $250000 and total assets of less than $1 million at end of the year, then they are not required to file Schedule M1.
A corporation is an company—usually a group of human beings or a employer—legal via the state to behave as a unmarried entity (a legal entity recognized with the aid of private and public regulation "born out of statute"; a felony character in prison context) and identified as such in law for positive functions.[1]: 10 Early integrated entities have been mounted with the aid of constitution (i.e. by an advert hoc act granted by a monarch or surpassed through a parliament or legislature). most jurisdictions now permit the creation of recent businesses thru registration. businesses are available many differing types however are normally divided with the aid of the regulation of the jurisdiction wherein they're chartered primarily based on two aspects.
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you are preparing for your first presentation at a new job. which strategies can help you combat nervousness about presentations? select all that apply.
Work on converting nervous energy into enthusiasm Attending other speeches, arriving early, adjusting to your surroundings, meeting people, using positive visualization, and taking deep breaths will help you succeed.
What can you do to de-stress before giving a presentation?The nervous system is calmed when breathing through your stomach muscles rather than your chest. What you should do is: Before and even during your presentation, take a few deep breaths. Say to yourself, "I am," as you inhale, and "relaxed," as you exhale, advises Greenberg.
What aspect of presentation preparation is crucial?Knowing your audience is the first and most crucial rule of presenting your work. You'll have a far better chance of making a persuasive presentation if you can put yourself in their position and identify with their needs. Throughout the preparation of your presentation, keep the audience in mind.
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is a retail department store that sells at prices 25 percent or more below traditional department store prices in no frills environments, but does not sell memberships. what
Off-Price Retailers are retail department stores that sell at least 25% less than traditional department stores in a no-frills environment, but do not sell memberships.
What are Off-Price Retailers?Retailers who offer premium products at discounted prices are called discount retailers. They usually sell used items, off-season items, etc.
These shops sporadically offer inexpensive textile products from well-known brands and fashionable manufacturers. They buy end-of-season closeouts, end-of-season irregular manufacturer items, seconds, closeouts, canceled orders, overages, and overages.
Offering a quality product selection at the most competitive prices in the market is the value proposition for our off-price retailers customers. The first thing that attracts buyers is the low price. Off-price retailers are retailers that offer high-quality goods at low prices. They usually sell used items and off-season items. Description: These retailers offer a wide variety of branded and fashion oriented textiles at affordable prices.
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Other things equal, an increase in the demand for a product will _______ (increase/decrease) the demand for a resource used in its production, whereas as decrease in product demand will ______ (increase/decrease) the demand for that resource
increase; decrease
Other things equal, an increase in the demand for a product will increase the demand for a resource used in its production, whereas as decrease in product demand will decrease the demand for that resource.
What happens to resource demand when demand changes?When there is a change in the quantity demanded of a certain good, then there will be a change in the demand for the resource that is used in producing that good, in a proportional manner. This means that if the quantity demanded for a good or service increases, then the quantity demanded for the resources used to produce it will also see their demand increase as well.
The same is true for if there is a decrease in demand because there will also be a decrease in the demand for the resources used in production. The reason for this is simple; if there is less demand in a good or service, then less quantity of that good or service will be produced which would mean that less resources for production are required.
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Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $6,000 and $8,500 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $4,600 at the end of each of the next 4 years. Each project has a WACC of 11%. What is the equivalent annual annuity of the most profitable project?
correct answer is- The equivalent annual annuity approach is one of two strategies used in capital budgeting to compare jointly extraordinary projects with unequal lives.
The EAA method calculates the consistent annual cash waft generated via a venture over its lifespan if it was an annuity.
Is an annuity better than a pension?In general, an annuity will give you the most control over your money. If you take a lump-sum pension payment, you have the ability to use the cash then again you choose.
What is the downside of an annuity?The fundamental drawbacks are the long-term contract, loss of control over your investment, low or no activity earned, and high fees. There are additionally fewer liquidity choices with annuities, and you have to wait until age 59.5 to withdraw any cash from the annuity besides penalty.
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https://brainly.com/question/17162538#SPJ4with an understanding of price elasticity, sellers should know that the less elastic the demand for their product is, the more advantageous it is for them to
With an understanding of price elasticity, sellers should know that the less elastic the demand for their product is, the more advantageous it is for them to raise the price.
What's the significance here when request is less cost versatile?
A flexible interest is one in which the adjustment of amount requested because of an adjustment of cost is huge. An inelastic interest is one in which the adjustment of amount requested because of an adjustment of cost is little.
For what reason is it significant for a dealer to be aware in the event that their products are flexible or inelastic?
Versatility is a significant monetary measure, especially for the merchants of labor and products, since it shows the amount of a decent or support purchasers consume when the cost changes. At the point when an item is versatile, an adjustment of cost rapidly brings about an adjustment of the amount requested.
Why is value versatility of interest your getting it?
Value flexibility of interest is the proportion of the rate change in amount requested of an item to the rate change in cost. Financial specialists utilize it to comprehend how market interest change when an item's cost changes.
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in 1973, the major oil-producing nations of the world declared an oil embargo. the price of oil, a key source of energy, increased. this led to widespread inflation as costs of production increased steeply. the resulting fall in gdp and employment led the united states into a recession. which of the business cycle theories explained in the chapter would best fit this explanation of the 1970s recession?
The resulting fall in gdp and employment led the united states into a recession. The real business cycle theories explained in the chapter would best fit this explanation of the 1970s recession.
Gross domestic product is a financial degree of the market fee of all of the final items and services produced and offered in a selected time period by means of nations. because of its complicated and subjective nature this degree is frequently revised before being taken into consideration a reliable indicator.
GDP measures the financial value of final items and services—this is, the ones which might be offered by using the final consumer—produced in a rustic in a given time period (say a quarter or a year). It counts all of the output generated inside the borders of a country.
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a stock is riskier than the overall market and currently carries a beta of 1.6. the risk-free rate of return is 2%, and the return on the stock market is expected to be 10%. what is the required return for this stock
The required return of the stock will be equal to 14.8%.
The required return for any stock is calculated by using the CAPM model. The CAPM model refers to the Capital Asset Pricing model. This model relates the risk free rate, systematic risk premium and the required return. The formula for calculating the required return is expressed as
R = Rₓ + (Rₐ - Rₓ) × β
where R is required return, Rₓ is risk free rate, Rₐ is the return of market and β is the value of beta.
On putting the values we get,
R = 2% + (10% - 2%) × 1.6
R = 2% + 12.8%
R = 14.8%
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suppose a stock had an initial price of $58 per share, paid a dividend of $1.90 per share during the year, and had an ending share price of $68. compute the percentage total return.
The percentage total return is 12.24%
Total Return -12.24%
Dividend Yield 3.28%
Capital Gain Yield = 15.52%
Dividends are ordinary income-sharing bills made between an organization and its traders. An enterprise's board of directors determines the rate consistent with share, while and how often dividend bills are made. Dividend shares can offer a stream of profits, which can be specifically precious in the course of inflationary durations.
Dividend investing can be an extraordinary investment approach. Dividend shares have historically outperformed the S&P 500 with less volatility. this is because dividend shares provide resources of return: everyday income from dividend bills and capital appreciation of the stock rate. This total return can add up over the years.
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the practice of replacing promotional allowances with lower manufacturer list prices is referred to as
Everyday Low Pricing is the practice of replacing promotional allowances with lower manufacturer list prices.
What is an example of a promotional allowance?The retail value of transportation, hotel rooms, food, beverages, products, chips, tokens, entertainment, or services supplied to patrons for free is referred to as promotional allowances. Businesses utilise discounts and allowances to entice customers to purchase from them or pay a past-due debt sooner. Discounts are incentives used to stimulate sales, whereas allowances are incentives used to motivate payments (which apply only to purchases made on credit). a price reduction or discount granted by a manufacturer to a member of the marketing channel in exchange for special promotion of a specific product.
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is a human resource manager at an advertising firm. keith proposes that the company adopt defined-benefit plans to attract and retain employees. in which situation will this benefit be most valuable to the firm's employees?
If keith proposes that the company adopt defined-benefit plans to attract and retain employees. The situation that this benefit will be most valuable to the firm's employees is: the firm employs experienced, older people.
What is defined-benefit plans?A defined-benefit plan can be defined as a type of plan that enables employer to pay benefit to employee by making use of the duration of an employee employment as well as the employee job history.
Some employee as well look at the age of an employee before the employee is been included as a beneficiary of the program. Based on this the firm should tend to often recruit experience people as well as older people.
Therefore the firm should employs experienced, older people.
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The complete question is:
Steve is a human resource manager at an advertising firm. keith proposes that the company adopt defined-benefit plans to attract and retain employees. in which situation will this benefit be most valuable to the firm's employees?
Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250.
a. True
b. False
Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250. False
The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
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how may a revocable offer effectively be revoked? choose 2 answers. the offeror may withdraw the offer with a clear expression. the offeree may reject the offer with a clear expression. the offeror may take an action that contradicts the offer and make that known to the offeree. the offeror may convert the offer to an option contract.
A revocable offer effectively is revoked by choosing options 1 and 2.
1) The offeror may withdraw the offer with a clear expression. This can be done by sending a written notice to the offeree that the offer is being revoked. The offeror should also specify the date on which the offer was revoked.
2) The offeree may reject the offer with a clear expression. This can be done by sending a written notice to the offeror that the offer is being rejected. The offeree should also specify the date on which the offer was rejected.
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chegg what is the total salesmix variance in terms of the contribution margin? (round intermediary calculations to two decimal places.)
The total sales mix variance in terms of the contribution margin is Subtract the budgeted unit quantity from the real unit quantity and multiply by using the usual contribution margin. The contribution margin is sales minus all variable costs. Do the identical for every one of the products sold.
The sales mix is a calculation that determines the proportion of every product a commercial enterprise sells relative to total income. The sales mix is tremendous due to the fact some products or services can be more profitable than others, and if a company's sales blend changes, its earnings also alternate.
A most effective mix augments the ability unit offers even as preserving up with or in an excellent world working on the business enterprise's earnings. for instance, a blend that results in the highest sales for the approaching year may not set the organization up for future improvement. additionally, see Product blend. MCQs on advertising and marketing mix.
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channel length refers to the amount of time it takes for a product to move from production to the consumer. group startstrue or falsetrue, unselectedfalse, unselected
False, A product life cycle is the period of time from when it is first introduced to the market until it is discontinued.
when a business offers a product for sale at a lower price than it costs to make it?Selling below cost is a strategy used by businesses to drive away rivals and/or grow their market share by offering products at a discount to their cost of production or acquisition.
Which of the following represents the initial stage of global market research?The first phase in the marketing research process is defining the issue or the topic your study is attempting to address, which is followed by creating a plan for the study's data collection and analysis.
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blanchard discusses a number of ways in which his organization seeks to inspire employees, including coaching them, gainsharing, allowing them to participate in decisions, and leaving them inspirational messages. what other behaviors are essential for strategic leaders today? check all that apply.
The other behaviors are essential for strategic leaders today: Strategic leadership is whereby leaders use various styles, Rules according to high ethical standards, implementation of controls.
A leader is the only in the rate, the person who convinces different humans to comply with. A extremely good leader inspires confidence in different people and actions them to movement. a pacesetter is the top man or gal, the only jogging the display.
Management is the ability of an character or a collection of individuals to steer and guide followers or other members of an organization.an excellent chief must have integrity, self-attention, courage, recognize, empathy, and gratitude. They should be learning agile and flex their have an impact on even as speaking and delegating efficaciously. See how those key leadership traits may be found out and improved at all tiers of your corporation.
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during the transition period, firms incur additional costs related to internal staff providing . there is usually lower efficiency and effectiveness at the beginning of the contract.
The statement about the lower efficiency and effectiveness of firms is a True statement.
There are many phases that comes within an economy. During some phases in which the economy may prosper while during some the economy may be stagnated. The period between these two phases is the transition phase. The transition phase is neither prosperous nor too stagnating but the economic activities go on hold during transition phase. The firms incur more expenses than those of normal days. They have to pay additional amount to the staff for their maintenance and also the overall efficiency of the firm reduces during the transition phase. Shortage of raw materials cause them to buy those materials at high cost.
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Complete Question:
during the transition period, firms incur additional costs related to internal staff providing . there is usually lower efficiency and effectiveness at the beginning of the contract.
True
False
the americans with disabilities act was passed in 1990. the law makes it illegal for a business to fire an employee with a disability simply because of this disability. what was the likely intention of this law?
The likely intention of this law was to make sure that there is not any type od discrimination that is happening with respect to the Disabilities of a person.
What are the Americans with Disabilities Act?The Americans with Disabilities Act (ADA) forbids harassment against anyone who has a disability in a number of settings, including jobs, federal facilities, communication, telecommunication, and accessibility to state and municipal government resources and support.
The ADA forbids discrimination and guarantees job opportunities for people with disabilities. Additionally, it made guaranteed that people with disabilities had equal access to public services, corporate offices, and mobility.
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a machine that cost $105,000 has an estimated residual value of $5,000 and an estimated useful life of ten years. the company uses straight-line depreciation. calculate its book value at the end of year 9. (do not round intermediate calculations.)
The cost of allocating the asset's purchase price over its useful life is known as depreciation. Straight-line, the sum of the years, units-of-production, and the double declining method are all common ways to calculate depreciation.
The machine's cost is $105,000 less: $7,000 in residual value
Depreciable cost = 98000/ -
What is a formula for depreciation?The Straight Line Depreciation Method is equal to the asset's useful life divided by its cost (or residual value). Diminishing Balance Method: (Cost of an Asset x Rate of Depreciation/100) Unit of Product Method: (Cost of an Asset x Salvage Value) x Useful Life in the form of Units Produced
Which three kinds of depreciation are there?The most typical approaches to depreciation are: Straight-line. Balance is declining twice. The production units.
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travis industries plans to issue perpetual preferred stock with an $11.00 dividend. the stock is currently selling for $90.50, but flotation costs will be 7% of the market price, so the net price will be $84.17 per share. what is the cost of the preferred stock, including flotation? round your answer to two decimal places.
The cost of the preferred stock of Travis Industries is $13.06
Preferred stocks are the stocks that are given some priority. Some of these preferential treatments include constant dividends, and dividends are paid before any other stockholders. The dividends payable to the holders of preferred stocks are payable on demand.
A publicly traded company incurs flotation costs when it issues new securities and pays costs like underwriting fees, legal fees, and registration fees. Businesses must take into account how these fees will affect the amount of capital they can raise from a new issue.
The cost associated with preferred stock is estimated as follows:
[tex]\text{Cost of the preferred stock}=\dfrac{\text{Annual dividends}}{\text{Current price-Flotation costs}}[/tex]
From the question,
Flotation cost is 7%*90.5
Market price=90.5
Annual dividends=$11.00
[tex]\text{Cost of the preferred stock}=\dfrac{11.00}{90.5*(1-0.07)}[/tex]
[tex]\text{Cost of the preferred stock}= $13.06[/tex]
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It is estimated that, in a given year, as many as _____ children try to harm themselves, and many thousands of children are hospitalized for deliberately self-destructive acts, such as stabbing, cutting, burning, overdosing, or jumping from high places.
It is estimated that, in a given year, as many as 9 out of every 100 children try to harm themselves, and many thousands of children are hospitalized for deliberately self-destructive acts , such as stabbing, cutting, burning, overdosing, or jumping from high places.
What does "self-destructive behavior" entail?Alcohol, narcotics, and sexual activity are examples of self-destructive behaviors. These actions alter the body's chemistry, ease our anxiousness, and replace it with positive feelings. As a result of their effectiveness, these coping mechanisms quickly become our "go to" options.
The cause of destructive behavior in oneself, what is it?Self-destructive conduct might start as a result of childhood trauma, but it can also be maintained by a lack of safe attachments. Patients who repeatedly or self-harm are more likely to have relapses of neglect, and abandonment when they are exposed to stressful situations.
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what are four examples of temporary marketable security investments utilized by firms to invest idle cash?
Examples of temporary marketable security investments utilized by firms to invest idle cash are U.S. Treasury bills, Certificates of deposit, Commercial paper and Eurodollar deposits.
What are temporary investments?Temporary investments are securities that can be sold in the near future, and for which there is an expectation of doing so. These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future.
These types of investments are usually very safe, but also have quite a low rate of return. Temporary investments are classified as current assets on the balance sheet.
Examples of Temporary Investments money market funds and treasury bills.
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The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.
A. diminishing marginal utility
B. marginal utility pattern
C. marginal income utility
D. decreasing marginal utility
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
According to the law of diminishing marginal utility, the enjoyment or utility that a person derives from an item or a product decreases as they consume more and more of it. For instance, someone might purchase a specific brand of chocolate repeatedly. Because the satisfaction they were initially getting from the chocolate is waning, they may soon buy less and switch to another type of chocolate or buy cookies in its place.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.
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if the price per unit of product is $2 and the wage rate is $25, a profit-maximizing firm operating in competitive markets would hire:
In marketplaces where there is competition, businesses would employ four or five.
Define competitive market.A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions that are collectively referred to as perfect competition, or atomistic competition, in the field of economics and more specifically general equilibrium theory.
In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
Profit maximization is the process by which businesses increase their profits by balancing their marginal income and marginal expense. This notion serves as the foundation for many economic theories. It exists in markets with monopolies as well as those with perfect competition.
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