Payment for referrals is a form of compensation that affects patient care by incentivizing doctors to place orders for goods and services based on their ability to make a profit.
What aspects affect the payments made to physicians for their services and procedures?Reimbursement-Related Factors
policy type for insurance. The patient's insurance may be paid for by a privately run insurance plan or a publicly sponsored program like Medicare. . the nature of the disorder, the person conducting the evaluation, the necessity of the medical care, and the length of the treatment.
Do doctors gain from recommendations?A hospital makes an average of $2.13 million a year from admissions, referrals, and other services provided by a primary care physician, according to a Merritt Hawkins revenue survey.
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theta cleaning corp. wants to use the house of quality matrix in designing and developing a new vacuum cleaner. what is the first step that theta cleaning should take?
the first step that theta cleaning should take is Identification of customer requirements
The process of establishing what and how a client wants a product to perform is known as "customer needs identification." Customer needs, however frequently closely tied to design standards, are non-technical in nature and represent how customers view the product.
Customer needs describe a customer's reasons for buying a good, service, or brand, or alternately, the qualities of a good, service, or brand that entice them to buy. And every company or organization is working to identify this customer needs.
Making sure that clients are satisfied and loyal depends on accurately assessing their demands. Customers will go to a competitor if you improperly identify their needs or if you show apathy for them.
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The demand for labor is a derived demand because a. labor is a variable input. b. we demand what labor produces and not labor itself. c. labor is hired based on when the marginal revenue product is equal to the wage rate. d. all products must have some labor embodied in them
The demand for labor is a derived demand because we demand what labor produces and not labor itself.
The company's call for for hard work is a derived call for; it's far derived from the call for for the company's output. If call for for the company's output increases, the company will call for greater hard work and could rent greater people. If call for the company's output falls, the company will call for much less hard work and could lessen its paintings force.
The call for hard work is derived from call for the very last product. -The slope of the hard work deliver curve is decided through the extent of human capital funding people have undertaken. The call for hard work is derived from call for the very last product.
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FILL IN THE BLANK. if an asset's business use drops to 50% or below, the business must ___ any excess accelerated depreciation over the ___ ___ depreciation for all prior years
If the business use falls to 50% or less, the excess of MACRS depreciation over straight-line for all past years is reclaimed.
Does recapture apply to MACRS depreciation?Bonus depreciation is regarded as a depreciation deduction, and as such, the full deduction may be subject to recapture as ordinary income under IRC 1245 when section 1245 property is sold for a profit.
The depreciation or expensing deductions above straight-line will be subject to recapture if a taxpayer's business use falls to 50% or less at any point after bonus, section 179, or MACRS depreciation has been claimed. The self-employment tax will apply to this amount as regular income.
The method for calculating MACRS depreciation.By dividing one depreciation period by the asset's remaining life, LN calculates the % for a year when utilizing MACRS straight line. Using this percentage combined with the averaging convention, LN then uses this result to calculate the depreciation amount for that year.
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when the interest rate is low the . group of answer choices transactions demand for money will decrease. precautionary demand for money will increase. demand for loans will be low. asset demand for money will increase.
The percentage of the principal that the lender charges for the usage of its funds is known as the interest rate. The amount of the loan is known as the principle. The price of loans varies with interest rates.
In order to attain perfect economic growth, the Federal Reserve controls interest rates. The entire quantity of money that the populace of an economy wishes to own is the amount of demand for money.To lessen the effects of potential future unforeseen spending needs, precautionary cash reserves are kept. Companies and consumers will raise the level of precautionary cash reserves for unforeseen spending needs as economic activity and GDP rise.The amount of reserve cash balances is influenced by the availability of credit and the rate of interest. Other factors being equal, such money balances are anticipated to increase when credit is widely available (rarely) and interest rates are low (high) (decline).
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what do you believe is the most important account (for example, cash, loans, etc) on pnc's balance sheet? why?
Yes, cash is the first line item on a company's balance sheet and is a current asset. Cash is the asset with the greatest liquidity and is simple to purchase. The universal standard for determining liquidity is cash.
What does liquidity mean in terms of investing?Liquidity in a secondary market typically refers to how quickly or easily a securities may be bought or sold. Investments that are liquid can be quickly and cheaply sold when cash is needed.
What does corporate liquidity actually mean?Accountants refer to the ease with which your company can settle its present liabilities with cash and other current assets as "business liquidity" (also called short term assets). Bill payments are included in current liabilities.
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the larger the mpc, the the income-expenditure multiplier and the the effect of a change in aggregate spending on the equilibrium output.
The larger the MPC larger the the income-expenditure multiplier and the larger the effect of a change in aggregate spending on the equilibrium output.
The slope of the consumption function will change if the marginal inclination to consume changes. The consumption function steepens as the MPC rises; it flattens as MPC falls. Any changes in consumer income spending that follow any real GDP expansion or contraction brought on by the application of fiscal policy are referred to as the multiplier impact. As a result of that increase, more people are employed and make money. The marginal willingness to consume is a crucial factor in demonstrating the multiplier effect of economic stimulus spending in Keynesian macroeconomic theory.
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Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 2.25%, and a maturity risk premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the number of years to maturity. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is NOT valid? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
a. 5.08%
b. 5.35%
c. 5.62%
d. 5.90%
e. 6.19%
The correct answer (b) 5.35 %
Rate of return on Treasury security
= Risk-free rate+Inflation rate+maturity risk premium
= 3%+2.25%+. 0.1% = 5.35%
What rate of return would you expect on a 1-year Treasury security,
Answer : 5.35 %
What is the average rate of return on Treasury securities?
10 Year Treasury Rate is at 3.60%, compared to 3.51% the previous market day and 1.35% last year. This is lower than the long term average of 4.26%.
What is Rate of return (ROR)?
A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment. 1 When you calculate the rate of return, you are calculating the percentage change from the beginning to the end of the period.
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in the calculation of earnings per share, preferred stock dividends are a.not used in the calculation. b.subtracted from net income. c.added to net income. d.subtracted in the denominator.
In the calculation of earnings per share, preferred stock dividends are subtracted from net income. The Option B is correct.
What is an Earnings per share?An earnings per share means a company's net profit, divided by number of common shares it has outstanding. This metric indicates how much money a company makes for each share of its stock and is a widely used for estimating corporate value.
A higher earnings per share indicates a greater value because the investors will pay more for a company's shares if they think the company has higher profits relative to its share price.
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Which leader behavior is most appropriate for a group of employees who are working together for the first time and are eager to begin but lack the experience and confidence needed to perform their roles?.
Telling leadership behavior is the most appropriate for group of employees who are working together for first time and are eager to begin but lack experience and the confidence needed to perform their roles.
What is leadership behavior?Leadership behavior describes the qualities and deeds that make a person a successful leader. This behavior is the method by which a person can lead, oversee, and affect the work of others in order to achieve particular objectives. These behaviors and approaches can be taught by leaders to improve the performance of others around them. When someone has vision for company, product, or group of individuals, they use these behaviors to inspire others to take the action. To inspire and guide others to improve efficiency and accomplish the organization's goals, one must exhibit effective leadership characteristics.
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a retail store wants to secure laptops that are on display. the store manager also wants a record of which employees enter the backroom where inventory is kept. which security option would work best for this situation?
Guards, log sheets, security cameras, only the manager having access to the backroom, cable locks, a token-based lock, a requirement that laptops are seen one at a time, and only the owner having the key to the backroom are all in place. security option would work best for this situation in retail store
Customers and staff need flexibility from retail solutions. The use of cable locks to secure equipment and an electronic lock that keeps track of door activity are only two examples of physical security items that can be used as a solution. In contrast to wholesale, which involves selling to businesses or institutions, retail involves selling goods and services to people. A retailer buys products in bulk from manufacturers, either directly or through a wholesaler, and then sells them to customers in smaller quantities for a profit. The final link in the supply chain between producers and customers is the retailer .The history of retail markets and stores dates back to antiquity. Itinerant peddlers were some of the first merchants.
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Which of the following two methods are typically used for initial screening of investments, rather than fo detailed, in-depth analysis? O A. Accounting rate of return and net present value OB. Internal rate of return and net present value oc. Net present value and payback OD. Payback and accounting rate of return
In stock picking, Instead of performing a thorough, in-depth investigation, initial screening of investments is often done using the following methods:
payback and accounting rate of return. hus, option (D) is the correct answer.
Stock picking is the process of choosing stocks based on a set of criteria in the pursuit of a profit. In the current global economy, it is quite challenging to make an investment decision after carefully examining a large quantity of information.
Investors frequently choose to select stocks that they think will beat the market and its competitors.Stock selection should be carried out in a methodical way to increase the probability of success.Important actions must be taken in order to narrow the pool of stocks to only those that satisfy your investing requirements.Therefore, initial screening of investments is often done using the following methods payback and accounting rate of return. hus, option (D) is the correct answer.
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Fiscal policy can: have real effects on the economy in the short run. 2 cause inflation bring the economy to its long run equilibrium faster than it can correct itself. All of these are true.
All of the given statement is true.
Fiscal policy is the term used to describe how the government uses taxation and expenditure to affect the state of the economy. Fiscal policy typically enters the picture when conditions are deteriorating swiftly enough to call for government involvement, such as during a recession or an inflationary era. Theoretically, a sound fiscal policy implementation should be able to stabilize a wobbly economy and promote ongoing growth.
Fiscal policy aims to encourage healthy and stable economic growth while putting in place artificial safeguards against a financial meltdown. There are two types of fiscal policies: expansionary and restrictive.
The government's response to a recession by decreasing taxes and expanding government expenditure is known as expansionary policy, which is the more typical of the two.
When there is inflation, contractionary policies are used. During this time, the government may cut back on funding for public projects, public sector employee numbers, or even wages. Contractionary policies are rare, though, as the preferred method for slowing down rapid growth is to implement a monetary policy that raises borrowing costs.
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kragle corporation reported the following financial data for one of its divisions for the year; average assets of $630,000; sales of $1,090,000; and income of $139,520. the investment center profit margin is:
kragle corporation reported the following financial data for one of its divisions for the year; average assets of $630,000; sales of $1,090,000; and income of $139,520. the investment center profit margin is:
Profit margin is equal to income/Sales
=139520/1,090,000
which is equal to
=12.8%
funding is the dedication of money to buy of an asset to acquire an increase in fee over a time frame. funding requires a sacrifice of a few gift asset, consisting of time, money, or attempt. In finance, the motive of making an investment is to generate a return from the invested asset. The return may additionally encompass a benefit (earnings) or a loss realized from the sale of a assets or an investment, unrealized capital appreciation (or depreciation), or funding earnings which includes dividends, hobby, or apartment earnings, or a mixture of capital advantage and earnings.
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"Production and marketing are like the scissor's blade, one is no good without the other." Justify this statement with suitable example
Answer:
Explanation:
The given statement is absolutely correct. As both blades of scissor is equally important to cut a piece of cloth similarly production and marketing both are dependent on each other to work efficiently.
Before the production of any item, pre-marketing is done to ensure the sale is followed by production, and to enhance the sale post- marketing is planned.
For eg : an XYZ product is manufactured, but the company doesn't have the marketing skills there will be no sale. So if the production is at peak but the company doesn't market it. so all the production woulkd be useless because marketing increase sale as well as ensure the margin.
Hence, production is incomplete without marketing and vice versa
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your internship supervisor calls you in for an appraisal. after going over her findings, she assigns you to a new task that fits your skill level and department needs. she can do this because she has what type of power as your supervisor?
She can do this because she has the power of reward as the interns supervisor.
What does appraisal mean?An employee's performance is evaluated and documented through the performance appraisal process. It's a component of a business's performance management system. Performance evaluations are based on how well an employee is doing in relation to objectives set once a year with his or her management.
What role should the supervisor play in performance appraisal?Reviewing with the individual the job description and performance criteria describing how the employee's efforts support departmental and academic objectives. creating a strategy to assist the individual in acquiring all required skills. describing the manner and timing of your performance evaluations.
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how do west african art traders who immigrate and sell their wares in marketplaces in new york city receive honor and prestige in their home countries?
West African art traders who immigrate and sell their wares in marketplaces in New York city receive honor and prestige in their home countries in form of ambassadorship. It is believed they do that to promote West African art and show the arts to the world. Most people in New York and other parts of the world might not have access and know about the West African arts if they are not brought to the place.
What is West African Art?West African Arts are the indigenous work of arts of people of the western part of African continent. Some of the arts are, molded objects, paintings, traditional masks etc
Who are immigrants?Immigrants are people living outside their country/place of origin.
Immigrants who sells west African arts are honored and respected in their country as promoters of the indigenous arts
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price discrimination leads to than a one-price system. a more efficient output a lower average cost a lower average price fewer buyers
Price discrimination leads to than a one-price system when it is a more efficient output and reducing the price is above the marginal cost.
What do you mean by average cost?With cost on the vertical axis and quantity on the horizontal axis, an average cost curve may be drawn. These graphs frequently include display marginal costs, which are the costs of the last unit produced at each point and, in the short run, indicate the slope of the variable cost curve (and hence the first derivative of variable cost).Because all fixed costs are incurred before any output occurs and marginal costs are often rising due to declining marginal productivity, the average cost curve typically bears a U-shape. In this "typical" scenario, marginal costs for low levels of production are lower than average costs, causing average costs to decline as quantity rises.
What is long run average cost?The unit cost of generating a specific output when all inputs, including physical capital, are variable is known as the long-run average cost. The firm will select the set of inputs that yields the target quantity at the lowest possible cost, according to the behavioural assumption.
Typically, a long-run average cost curve slopes downward at relatively low output levels and upward or downward at relatively high output levels. The long-run average cost curve most frequently takes the form of a U, which by definition reflects economies of scale where the slope is negative and diseconomies of scale when the slope is positive.
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The ____ operator of the test command, combines two expressions and tests a logical OR relationship between them
The -o operator of the test command, combines two expressions and tests a logical OR relationship between them.
The logic of databases and mathematical sets is based on boolean operators. They link your search terms together to either increase or decrease the number of results you receive. These are the three fundamental boolean operators: AND, OR, and NOT.
By connecting two or more concepts that are related to one another (synonyms) with OR, you can extend your search results by informing the database that ANY of your search phrases may appear in the records that are returned.
When you type commands into a database, it follows those commands and responds with results. When employing Boolean operators, be mindful of the logical sequence in which words are connected.
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explain the relationship between globalization and the creation of new ""glocal"" lifestyles and forms of consumption.
The process of transforming global concepts into locally acceptable forms is referred to as globalization.The rise of a consumerist economy enables individuals to demonstrate their identities through the purchase and prominent use of various goods.
McDonald's is changing its recipe for a particular culture.
How does consumption relate to globalization?
Globalization generally lowers manufacturing costs.As a result, businesses are able to offer products at lower prices to customers.One important factor in rising standards of living is the average cost of goods.Additionally, consumers have access to a wider range of products.
In relation to globalization, what does globalization imply?
The terms "globalization" and "localization" are combined in the term "globalization."A product or service that is made and sold all over the world but is also modified to fit the needs of a local customer or user is referred to by this term.
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Which of the following fits with a preemptive facilities strategy?
A. Wait and see what competitors do, then seek to match or exceed their capacity.
B. Create a positive capacity cushion to stimulate the market.
C. Reduce risk by allowing capacity to lag the market by a small amount.
D. All of the above.
Creating a positive capacity cushion to stimulate market fits with preemptive facilities strategy.
What is a capacity cushion?A firm's reserve capacity is what it will use to meet an unanticipated rise in demand or a brief breakdown in its ability to produce. In order to satisfy clients during a sudden spike in demand, a business must have one. Similar to how it helps a company meet its most crucial demand when production is unexpectedly stopped, capacity cushion does the same. By providing instructions, training, and structures, management can affect the arrival patterns of waiting lines. The operation's capacity cushion is the quantity of available capacity over the level of anticipated demand.
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fleet, inc. owns 85% of the stock of pete, inc. and 35% of the stock of zete, inc. and 90% of the stock of bete, inc. bete owns 5% of the stock of pete and 5% of the stock of zete. zete owns 10% of the stock of bete. the remaining stock of pete and zete is owned by unrelated individuals. which of the following statements is correct?
Pete Inc: 85% owned by Fleet inc, 5% owned by Bete Inc; Zete Inc: 35% owned by Fleet Inc, 5% owned by Bete Inc; Bete Inc: 90% owned by Fleet Inc, 10% owned by Zete Inc. Therefore, Fleet, Zete, and Bete are an affiliated group (option d)
Affiliated firms are those that are related by ownership, either through one company owning the other as a minority shareholder or by a third party owning numerous companies.
The size of ownership distinguishes an affiliated company from a subsidiary. A subsidiary is a corporation in which another company owns 50% or more of the stock. An affiliated corporation is distinguished by the fact that an individual shareholder owns less than 50% of the company.
We can conclude from the given problem:
Pete Inc: 85% owned by Fleet inc, 5% owned by Bete Inc,
Zete Inc: 35% owned by Fleet Inc, 5% owned by Bete Inc,
Bete Inc: 90% owned by Fleet Inc, 10% owned by Zete Inc,
Hence,
The ones that have share less than 50% is Fleet, Bete, and Zete
Therefore, Fleet, Zete, and Bete are an affiliated group (option d)
Your question is incomplete, but most probably your question was:
Fleet, Inc. owns 85% of the stock of Pete, Inc. and 35% of the stock of Zete, Inc and 90% of the stock of Stock ownership of Bete, Inc. Bete owns 5% of the stock of Pete and 5% of the stock of Zete. Zete owns 10% of the stock of Bete. The remaining stock of Pete and Zeke is owned by unrelated individuals. Which of the following statements is correct?
a. Fleet, Pete, Bete, and Zete are an affiliated group
b. Fleet and Zete are an affiliated group
c. Fleet and Pete are an affiliated group
d. Fleet, Pete, and Zete are an affiliated group
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davy confesses that he is bored with his job and wants more of a challenge. which technique to job design can bryan utilize to provide davy with more stimulating work
Bryan can utilize job enrichment technique to provide Davy with more stimulating work.
Giving employees more responsibility and variety in their work is a tactic called "job enrichment" that is used to inspire workers.
The goal is to give workers more authority over their work. By doing this, one can capitalize on their inherent motivation to perform well and support the company's overarching objectives.
The practice of designing a job to include fascinating and difficult tasks that may call for greater skill and/or result in higher pay is known as job enrichment.
By extending the variety and complexity of the activities that employees are required to do and by giving them the necessary power, job enrichment aims to give workers more responsibility.
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tom and jerry entered into a contract whereby tom agreed to sell jerry $1,000 worth of heroin, an illegal substance. this is an example of a:
Tom and Jerry agreed in their contract that Tom would sell Jerry $1,000 worth of heroin, which is illegal. A quasi contract is exemplified by this.
Why is a contract null and void?If a contract cannot be enforced as originally drafted, it may be ruled void. In these situations, void contracts, sometimes known as "void agreements," relate to arrangements that are either illegal in nature or that go against fairness or public policy.
What distinguishes a void contract from one that is voidable?A contract that is voidable can only be terminated or revoked after one party provides a solid justification for doing so. This indicates that the contract would be enforceable even if one party objected legally. Contracts that cannot be upheld become void.
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Given how he’s completed this w-4 form, how many other dependents does maxwell have?.
Given how he’s completed this w-4 form, maxwell have 2 other dependents.
An employee in the United States must submit a Form W-4 to the Internal Revenue Service in order to inform their employer of their tax condition.
The W-4 form indicates to the employer how much federal income tax should be deducted from an employee's pay check.
Who must complete the W4?
A W-4 must typically be completed by employees for their employers. You must fill out a W-4 for each employer if you have numerous ones that withhold taxes. In general, if you work for yourself, as a freelancer, or as an independent contractor, you don't have to complete a W-4 for your employer.
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Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme. After analyzing and assigning costs to two cost pools, it was determined that machine hours is estimated to have $200,000 of overhead,with 4,000 hours used on the Standard product and 1,000 hours used on the Extreme product. It was also estimated that the setup cost pool would have $100,000 of overhead, with 1,000 hours for the Standard and 1,500 hours for the Extreme. What is the overhead rate per product, under traditional and under ABC costing?
Under standard and ABC pricing, there is a $40 overhead rate per product.
What do you mean by manufactures?Manufacturing is the method of creating products by hand or machine, which the company then sells to a customer. Raw materials or little pieces of a specific good may be the items used in manufacturing. On such a large manufacturing line with specialized staff and equipment, manufacturing often takes place.
Briefing:Manufacturing overhead cost estimated at 300,000/200,000 = $1.5 per hour for direct labor
You can now assign overhead to every product:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation baseStandard= 1.5*150,000= $225,000
Extreme= 1.5*50,000= $75,000
Machine:
Overhead= $200,000
hours equals 1,000 hours for the Extreme product and 4,000 hours for the Standard product.
Manufacturing overhead rate is estimated at 200,000/5,000, or $40 per hour.
Set up:
Overhead= $100,000
Again for Standard and Extreme, an hour is equal to 1,000 hours.
Estimated manufacturing overhead rate= 100,000/2,500= $40.
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suppose you live in an economy where you can go to a bank at any time and exchange your paper bills for a fixed amount of copper. the money in this economy is multiple choice question. fiat money. coinage. commodity-backed money. reserve money.
Fiat money, or government-issued money that isn't backed by any kind of asset, has supplanted all other types of money.
What are the three options available to the central bank when it wants to expand the money supply?Central banks can regulate the amount of money in circulation through manipulating interest rates, creating new currency, and imposing reserve requirements on banks. Open market operations and quantitative easing, which include selling or buying up government bonds and assets, are other strategies used by central banks.
Why are paper bills more prevalent in modern economies than gold or silver coins?Paper money is more prevalent in modern economies than gold or silver coins because it is more readily available. Imagine an economy where raisins are used as currency.
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diversification works better when select one: a. stock returns are more correlated with each other. b. stock returns are less correlated with each other. c. the difference in expected returns is small. d. the difference in expected returns is high.
Diversification works better when stock returns are less correlated with each other.
By putting money into investments that cover a range of financial products, sectors, and other areas, diversification lowers risk.Systematic or market risk is typically unavoidable but can be reduced through diversification in the case of unsystematic risk.Investors have the option of choosing the assets they want to invest in themselves, or they can choose an index fund that holds a variety of different companies.A diversified portfolio may be difficult and expensive to balance, and because the risk is reduced, the rewards may be lower.A diversified portfolio may provide better opportunities, the pleasure of learning about new assets, and higher risk-adjusted returns.Learn more about Diversification, here
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sharon smith will receive $1.14 million in 25 years. the discount rate is 11%. as an alternative, she can receive $84,360 today. which should she choose?
She should be indifferent between the two choices.
What is the discount rate?The discount rate is the interest rate that is used to determine the present value of future cash flows in a discounted cash flow (DCF) analysis. This makes it easier to assess whether future cash flows from a project or investment will be worth more than the capital outlay needed to fund it now.
What is the discount rate's mathematical formula?The two basic formulas for calculating the discount rate are the weighted average cost of capital (WACC) and the adjusted present value (APV). The WACC discount formula is: WACC = E/V x Ce + D/V x Cd x, whereas the APV discount formula is: APV = NPV + PV of the impact of financing (1-T).
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your client, who owns a vegan foods online store, is ready to roll out a video campaign. they only have companion ads ready to serve. what would you advise them to do?
Your client, who owns a vegan food online store, is ready to roll out a video campaign. They only have companion ads ready to serve. I would best advise them until the video ads are ready, begin the campaign with companion ads.
Companion ads are the ones that are shown around the video ad. It can be rich media, images, text, or skin too. Companion ads allow you to serve ads to display ad slots at the same time as those served to a video or audio player. They always rely on the master ad to serve. When a master ad automatically play companion ads load immediately when it starts, so the two load simultaneously.
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identify the true statement about the various service approaches used by retailers. multiple choice question. customers always seek standardized services rather than personalized services. the level of customer service and personalized information desired from sales associates does not depend on the buying situation. the level of desired service always remains unchanged for the same customer patronizing the same retailer. general merchandise retailers tend to emphasize standardized service.
The true statement about the various service approaches used by retailers is general merchandise retailers tend to emphasize standardized service.
Retail refers to the process by which purchasers purchase goods and then resell them to end users for personal use rather than to suppliers or wholesalers. In order to connect wholesalers and customers, shops act as a middleman. They acquire products from wholesalers and sell them in small quantities to final clients.
A retailer acquires things in bulk from wholesalers and sells them in small amounts to clients. The essence of a store is that they keep a selection of goods. By going above and beyond customers' expectations and providing great services, retailers want to maximize satisfaction.
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