The profit-maximizing markup.A monopoly should select a price where demand is elastic in order to maximise its profit. At the point where MR=MC, a monopolist seeks to maximise profit.
The marginal revenue for a monopolist is determined as follows: marginal revenue = change in total revenue/change in output. Demand that is elastic (e > 1) results in positive marginal revenue, while demand that is inelastic (e 1) results in negative marginal income. When demand exhibits unitary elastic behaviour (e = 1), marginal revenue is zero. Therefore, a monopolist should create and maximise profits when demand is elastic. Profit-maximizing price is 600 at 100% makeup. After thinking about the problem, fixing it, and figuring out the price that would maximise profits, we are left with.The marginal revenue for a monopolist is determined as follows: The difference between total income and output is the marginal revenue.
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at a certain company, loan agents are paid based on the number of loans they close in a day. based on company records, the number of loans x that a randomly selected loan agent closes on a randomly selected day has the probability distribution below.x1234567p(x)0.050.100.220.300.180.120.03at the company, the daily salary of a loan agent is $150 plus $50 per loan closed. let y represent the amount of money made by a randomly selected loan agent on a randomly selected day. which of the following statements is not true?
The rejoinder Which of the preceding propositions is not true reveals that the average daily wage exceeds $350.
What else do you mean by a loan?A sort of obligation that a people or other entity accrues is a loan. Its lender, which is often a company, higher education institution, or the government, advances money to the borrower.
What are a loan and credit?A credit is granted to the customer either by bank which can be used even though the consumer recognizes fit—either using the current sum loaned, a part of it, or nothing and. In comparison to a loan, which delivers the entire balance requested at once once it is issued.
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a bank recognizes a gain upon securitizing receivables because multiple choice question. the present value of the securities sold to the investors is calculated at a lower interest rate. the book value of the receivables exceeds the proceeds received from the investors. the present value of the securities sold to the investors is less than the book value of the receivables. it treats the securitization as a collateralized borrowing.
When receivables are packaged into securities and sold to investors, a bank gains because the current value of a securities is estimated at a lower interest rate.
Where can I keep money if I don't have a bank account?Prepaid cards are one method of money storage. Cash can be placed onto prepaid cards. Most larg businesses corner shops, and gas stations carry one. When you do not have a bank-issued bank card or even a credit card, these cards might be a terrific method to keep cash and conduct online transactions.
Why is it called a bank?Since Italian merchants inside the Renaissance formed agreements to borrow & lend money next to a bench, the word bank is derived from the Italian word banco, which means bench They set up the.
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fulbright corporation uses the periodic inventory system. during its first year of operations, fulbright made the following purchases (listed in chronological order of acquisition): 40 units at $100 per unit 70 units at $80 per unit 170 units at $60 per unitsales for the year totaled 270 units, leaving 10 units on hand at the end of the year.ending inventory using the lifo method is:
Fulbright employer makes use of the periodic stock device throughout its first 12 months of operations, fulbright made the subsequent of the 12 months finishing inventory the use of the lifo method is $707.
C. $707.
[(40 x $100) + (70 x $80) + (170 x $60)] = $19,800 ÷ 280 units = $70.71 according to unit 10 gadgets x $70.seventy one = $707 (rounded)
The periodic stock machine makes use of an occasional physical rely to degree the level of stock and the price of products sold. The perpetual machine keeps track of inventory balances constantly, with updates made robotically every time a product is acquired or bought.
The primary distinction among the periodic and perpetual stock systems is the perpetual system maintains a chronic record of stock transactions, whereas the periodic system data those transactions handiest at the quit of the duration.
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after you’ve talked to a referral about your job search, what should you do? check all that apply. cut off communication.
After we've talked to a referral approximately our job search, ask whether we can live in touch throughout our Communication. Ship our referral a casual thank-you notice, Ask whether we are able to stay in contact at some stage in our process seek.
Name, address, phone variety, what corporation they may be with, process identify, and 2 or three people that virtually such or give us good tips. communique is the act of giving, receiving, and sharing information in different phrases, talking or writing, and listening or analyzing. Appropriate communicators pay attention cautiously, communicate or write surely, and admire different reviews.
Communication is commonly described because of the transmission of information. The term also can refer just to the message communicated or to the field of inquiry reading such transmissions. there are many disagreements approximately its precise definition.
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diversification is the process of: reducing risk by spreading resources among different investments. reducing risk by investing in cds only. reducing risk by careful study of underlying investments. reducing risk by avoiding risky investments.
Diversification is the process of reducing risk by spreading resources among different investments.
Diversification in finance is the process of allocating capital in such a way that it reduces exposure to any one asset or risk. To lower risk or volatility, diversification is frequently achieved by investing in a variety of assets.
It helps you mitigate the risk associated with such scenarios by selecting various investments and investment types. Diversification does not ensure investment returns or eliminate the risk of loss, even in a declining market.
Hence, the correct answer is the "First" option.
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if merchandise inventory is being valued at cost and the price level is steadily rising the mehtod of cositng that will yield the highest net income is
if merchandise inventory is being valued at cost and the price level is steadily rising the method of costing that will yield the highest net income is FIFO.
The cost of completed products (COGS) that a retailer or wholesaler has on hand to sell to its clients during a specific accounting period is referred to as merchandise inventory. The price of the books or periodicals a bookshop has for sale would be considered part of its goods inventory. Since the company intends to sell its merchandise inventory for money, it is regarded as a "current asset".
The term "FIFO" refers to the principle that the first items saved should be retrieved first. "First in first out" simply implies that you should mark your food with the dates you stored it and arrange the older goods in front or on top so that you utilize them first.
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The cash flow statement should be evaluated by examining the cash flow pattern ______.
By taking a look at the flow pattern of a subtotals for the 3 parts of the statement, the cash-flow statement should be assessed.
What kind of cash flow is this, exactly?Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, cost of products sold, rent, and utility costs are a few examples of cash outflows. Cash outflows can differ greatly.
Is cash flow merely income?Revenue is the revenue that a company receives from the sale of its products and services. The net sum of money coming into and going out of a business is called cash flow. The success of a company's marketing and advertising can be measured by its revenue, whereas a company's cash flow serves as a liquidity indicator.
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which report summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time?multiple choice question.
A balance sheet describes an organization's whole financial position, including its assets and liabilities, at a particular point in time.
What are Financial Statements?Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment.
What is a balance sheet?A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.
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Which of the following statements are true?
select all that apply
a. In order for employees to understand the importance of the balanced scorecard, incentive compensation should immediately be tied to it.
b. It is important that balanced scorecard measures are not easily manipulated.
c. Using balanced scorecard performance measures to reward employees can result in sub-optimal results.
It's critical that balanced scorecard metrics are difficult to game. Employee rewards that are based on balanced scorecard performance metrics may not be as effective as they could be.
What does a balanced scorecard mean?The definition of a balanced scorecard (BSC) is a management tool that gives feedback on the both internal business operations and external results in order to continuously enhance strategy performance and outcomes.
With an example, what is a balanced scorecard?As a result, the following can be used to establish a balanced scorecard description: A method for tracking the company's strategic decisions based on previously established indicators, with a minimum of four different considerations—financial, customer, internal operations, and learning and growth—in the instrument.
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will, jill, and phil are all wheat farmers. the wheat industry is perfectly (purely) competitive. the first chart shows how much each farmer produces at different price levels. the second chart shows each farmer's minimum average total cost (atc), average variable cost (avc), and marginal cost (mc). based on this data (assuming these three are the only producers), plot the industry supply curves: one for the short and a second for the long run.
Short-run Quantity Supplied
Price, $ Will Jill Phil
2.00 4 2 0
4.00 6 4 2
6.00 9 5 4
8.00 12 8 6
Firm Will Jill Phil
Minimum ATC, $ 2.50 5.00 7.00
Minimum AVC, $ 1.00 2.00 2.50
Minimum MC, $ 0.50 1.00 2.00
Supply curve
The supply curve is a graphical depiction of the market supply of products and services sought by customers and released by the manufacturer to meet those demands. Thus, a supply curve depicts the connection between the price of an item or service and the amount delivered over a specific period.
The market supply of goods and services that consumers want and that producers release to satisfy those wants are represented graphically by the supply curve. Consequently, a supply curve shows the relationship between the cost of an item or service and the volume delivered over time.
P=MC represents the short-run supply, where P is bigger than the AVC (i.e., above AVC minimum). The following table shows the short-run supply.
Price Will Jill Phil Total (Short-term Supply)
$2 4 2 0 6
$4 6 0 0 12
$6 9 5 4 18
$8 12 8 6 26
The total of all three production levels at each price would represent the short-term supply.
Long-term supply would be kept to a bare minimum by the ATC. The table would appear as follows:
Price Will Jill Phil Total (Short-term Supply)
$2 0 0 0 0
$4 6 0 0 6
$6 9 5 0 14
$8 12 8 6 26
When the lowest (possible) price exceeds ATC's lowest (possible) price, there will be a long-term supply. This is how the graph would appear. (Graph is attached in the image section)
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which of the following are included in marketing operational crm technologies? (check all that apply)
List generators, campaign management, cross-selling, and up-selling are all part of our marketing operations CRM technology.
Operational CRM is designed to improve your day-to-day operations and securely store data about all your customer and prospect transactions. Leading CRM capabilities enable businesses to measure, analyze, and tune customer journeys in real-time.
Customer Relationship Management (CRM) is a technology for managing relationships and interactions with all of a company's customers and potential customers.
Improve business relationships CRM systems help businesses stay connected with customers, streamline processes, and improve profitability.
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wes, who is an art collector, offered to buy a print from le monde gallery. le monde balked at the price, sending wes a letter of rejection. that day it discovered that the print was not as highly valued as originally thought. le monde immediately telephoned wes to accept his offer. is there a contract?
He learned that day that the print wasn't as valuable as he had first believed. Le Monde contacted Wes right away to accept their offer. Because acceptance happened before rejection, there is a contract.
An agreement between parties that creates a legally binding obligation on each other is known as a contract. Legal offer and acceptance, the consent of both parties as demonstrated by appropriate consideration, competence and legality, and the consent of both parties are fundamental requirements for an agreement to be reached. becomes a legally binding contract.
The main function of a contract is to formally establish new relationships and to impose a variety of legal obligations that each party has to the other. Today, companies rather than individuals negotiate most contracts.
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Need HELP 100 POINTSScarcity is the idea of satisfying unlimited wants and needs with limited resources. Which of the following is an example?
A. The customer is always right, so his/her needs should be met.
B. More resources could be grown or built to satisfy the need.
C. Everyone needs food, but there is not enough.
Answer:
C
Explanation:
the definition of scarcity is to subsist with a scarce amount of something, or to have a very little amount of something. When there is a community of people with not enough food to go around, scarcity is the issue, and food must be allocated carefully.
Which of the following statements about a change in reporting entity are true? (Select all that apply.)
Check All That Apply
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When there is a change in reporting entity, disclosure note is not required.
The statements about a change in reporting entity are true is A change in reporting entity occurs as a result of changing specific.
A reporting entity is any entity (including business entities) that can reasonably be expected to have users who rely on common financial reports for information that aids decision-making and evaluation of scarce resource allocations. is.
A reporting entity is an entity that is required or elects to prepare financial statements. A reporting entity may be a single entity, part of an entity, or include multiple entities (consolidated reporting). A reporting entity is typically, but not necessarily, a legal entity.
The definition of reporting entity is primarily based on the concept of financial accountability. The primary government is financially responsible for the organizations that make up its legal entity.
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what is the net present value of an investment with the following cash flows if the required rate of return is 9%? year cash flow 0 -$17,000 1 $ 7,000 2 $ 3,000 3 $13,000
The net present value of the investment will be $33,013.5
Given,
rate of interest (r)= 9% or 0.09
n = 4
cash flows are given as :
year 0 = $17000
year 1 = $7000
year 2 = $ 3000
year 4= $ 13000
Taking values from the NPV table for 4 years at 9%, we get them as 0.9174, 0.8417,0.7722,0.7084
Substituting the above values we get:
NPV = cash flow * PVF (9%, 4 years)
NPV = 17000*0.9174 + 7000*0.8417 +3000*0.7722+13000*0.7084
NPV = 15,595.8 + 5891.9 + 2316.6 + 9209.2
NPV = 33,013.5
So, the net present value of the investment will be $33,013.5
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lopez company is considering replacing one of its old manufacturing machines. the old machine has a book value of $47,000 and a remaining useful life of four years. it can be sold now for $57,000. variable manufacturing costs are $45,000 per year for this old machine. information on two alternative replacement machines follows. the expected useful life of each replacement machine is four years. machine a machine b purchase price $ 123,000 $ 136,000 variable manufacturing costs per year 18,000 14,000 (a) compute the income increase or decrease from replacing the old machine with machine a. (b) compute the income increase or decrease from replacing the old machine with machine b. (c) should lopez keep or replace its old machine? (d) if the machine should be replaced, which new machine should lopez purchase?
The income increase from replacing old machine with Machine A is $21,800.
What is an income?Income, which generally refers to an entity's capacity to save and consume money over a specific period of time, is expressed in monetary terms. Income is a difficult concept to define, and different sectors could have different definitions. According to tax law, income is a total that accounts for all wages, salaries, profits, interest payments, rent, and other types of earnings that families and individuals in the United States receive over the course of a year. Discretionary income is sometimes defined as gross income minus taxes and other deductions in order to compare the well-being of taxpayers. In the subject of public economics, the concept of consuming ability may include the accumulation of both monetary and non-monetary resources, with the latter serving as a proxy for total income.
New income= ($56,400 - $44,600 + $10,000)
= $21,800
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We are an organization that strongly supports the 2nd amendment and we prepare responsible american gun owners to avoid danger, save lives, and keep their loved ones safe. How does our mission resonate with you?.
As an organization that strongly supports the 2nd amendment by preparing "responsible american gun owners to avoid danger, save lives, and keep their loved ones safe", the mission of this entity resonates because the society had recent problems with wrong handle of guns, instead of for protection.
What does the 2nd amendment provides?The Second Amendment to the U.S. Constitution states: "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed".
Its aims at protecting an individual right to possess a firearm unconnected with service in a militia and to use such arm for lawful purposes such as self-defense within the home.
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According to the evolution of HR work, the administrative work of HR personnel, such as the terms and conditions of work, delivery of HR services, and regulatory compliance were the focus of which of the following? Wave 3 Wave 4 Wave 1
Waves 5
The wave that focuses on the terms and conditions of work within HR work is Wave 1 that is option C is correct.
The Human Resource management is an important aspect within any organization as it is the HR team that looks at the overall management process of the organization from hiring to terminating processes. The evolution of Human resources management has taken place in four waves namely Wave 1 or HR administration, Wave 2 or HR practices. Wave 3 or HR strategy and Wave 4 or HR outside in. These four waves within the HR management has led to development of the stream in all perspectives. The first wave consists about the description of all the administrative works of the HR executive. It also tells about the working hours, salary, working conditions, etc.
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Several years ago, Tamika Company issued bonds with a face value of $603,000 at par. As a result of declining interest rates, the company has decided to call the bond at a call premium of 7 percent over par.
Required:
Record the retirement of the bonds.
Bond retirement is also known as bond reimbursement. The equalization will be repaid with interest on the reimbursement date.
When recording bond retirements, use a discount account:Bonds are assumed to be worth $603,000, and their current book value is estimated to be $645,210. T will be paid back with a 7% premium. $42,210 is the total ($603,000 x 7%). The bond guarantor must give the investor $65,210 ($603,000 + $42,210) on the date of reimbursement. The $42,210 excess payment should be viewed as bad luck for the bond call.
Here are the journal entries to reflect bond retirement:Bonds payable are debited by $603,000
Debit: $42,210 is the loss on bond call.
Citation: Cash $642,210 = [$603,000 x (1 + 0.07)]
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some nations make manufacturers responsible for reducing e-waste. companies must recover used and discarded electronic equipment that they sell to customers. do you think this is a good idea? would you support it?
E-waste is collected in industrialized nations in order to salvage some valuable materials and securely get rid of the harmful compounds they contain, such as lead, cadmium, mercury, dioxins, and furans. E-waste is mostly gathered in poor nations in order to recover a few valuable metals.
What is e-waste?
Old electrical or electronic equipment is referred to as "electronic rubbish," or "e-waste." Used electronics that are meant to be recycled through resource recovery, rehabilitation, reuse, resale, or disposal are referred to as e-waste. Depending on their density and condition, some materials included in various electrical equipment might be harmful. In California, for instance, non-operational cathode ray transistors (CRT) from television and monitors are presently regarded as dangerous.
By making wise purchases and maintaining your equipment, you may lower your production of electronic trash. Products that can't be fixed should be recycled. As it is against the law to do so in California, computer monitors, TVs, and other electronic should NOT be thrown out with conventional trash. To locate a company that can handle managing your gadgets for recycling.
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social media platforms provide first impression management tools for corporations and individuals to showcase their own brands and reputations. group of answer choices true false
True social media platforms provide first impression management tools for corporations and individuals to showcase their own brands and reputations.
How does social media platforms help corporations?It entice clients, get client opinions, and foster client loyalty. expand your market reach to include global markets. lower marketing expenses by conducting market research. By creating consumer networks and advertising, revenue can be increased.
For businesses, having a distinctive voice and connecting with customers on a personal level are more important than ever. Social media offers a simple way to build a visual brand, giving you the chance to establish an identity and a voice to communicate your business's values and interact with followers.
You can turn them into brand advocates for your company in the same manner you want to with your customers by leveraging social media for business communications and creating appealing content. As a result, your employees will feel more connected to your brand and work harder for it.
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what would be the effect on operating income of accepting a special order for units at a sale price of per product?
A special order will only result in a gain in net operating income if the revenue it generates outweighs the additional costs it incurs.
Which should I think about before accepting a special order?Before deciding whether to accept a certain order, management must take into account a variety of factors, including the amount required to complete the order. if the buyer's suggested price will cover the production costs.
What does "special order decision" mean?The management of a corporate organisation makes special order decisions while deciding whether or not to process an unusual request from the customers. Typically, a request for a cheaper price on an order in quantity or that is customised is involved.
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1. Working from the table above, if Patricia wants to expand output from 450 web pages per month to 525 web pages per month her average cost per web page will go from ______________ to ______________.
Product
100
220
350
450
525
550
570
area
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
acre
Need
Ceca EL)
$3,000
$ 6,000
$ 9,000
$ 12,000
$ 15,000
$ 18,000
$21,000
Total
$5,000
$ 8,000
$ 11,000
$ 14,000
$ 17,000
$ 20,000
$ 23,000
$ 26,000
Marginal
Cost
$30
$25
$23
$30
$40
$120
$150
If Patricia wants to expand output then her average cost web page will go from 37.77 to 38.09.
Using average cost formula,
Average cost = [tex]\frac{Total Cost}{Number of units}[/tex]
In case 1,
= [tex]\frac{17000}{450}[/tex]
= 37.77
In case 2,
then the average cost will be,
= [tex]\frac{20000}{525}[/tex]
= 38.09
In economics, the average cost, also known as unit cost, is calculated by dividing the entire cost by the quantity of an item or service delivered. How much businesses charge for their products is significantly influenced by the average cost. The total cost of an enterprise consists of both fixed and variable costs. The average cost is a measure that companies can use to gauge their profitability. The average cost illustrates the relationship between a unit's selling price, manufacturing expenses, and sales costs. The average cost illustrates the relationship between a unit's selling price, manufacturing expenses, and sales costs. By considering average expenses, businesses can more accurately evaluate their short- and long-term profitability.
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if a competitive firm hires another full-time worker, total output will increase from 100 units to 110 units per week. suppose the market price of output is $25 per unit.what is the maximum weekly wage at which the firm would hire that additional worker?
The maximum weekly wage at which the firm would hire that additional worker is $250.
With a market price of $25 and 110-100 units produced, the additional worker gave the company 10 extra units.
Therefore, 10 * $25 = $250 is the marginal revenue product of labour.
What is marginal revenue?
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
Is marginal profit the same as marginal revenue?
The additional expense or profit made when producing the following unit is referred to as marginal. While marginal cost is the additional cost for producing one extra unit, marginal product is the additional income earned. The difference between marginal cost and marginal product is known as marginal profit.
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the providers at abc family medicine provide the codes for their services to the billing department. the compliance plan requires a review of the coding once a month. what is this an example of? a. a work plan b. monitoring c. internal review d. auditing
The purpose of this compliance program guidelines is to help individual and small group physician practices (hereafter referred to as "physician practices") 1 create a voluntary.
What factors will determine the compliance program's scope?The size and resources of the provider practice will determine the extent of the compliance program. Based on good current practice, the minimum necessary rule states that protected health information should not be used or disclosed unless absolutely necessary to achieve a specific goal or perform a specific function.
What does a compliance plan serve?Key Learnings. A company's personnel must abide by all applicable rules and regulations, which are ensured through compliance programs that lay out a set of standards and best practices. Compliance programs assist businesses in safeguarding their reputation against controversy.
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What is a serial advanced technology attachment (SATA) cable used for?
A. to connect storage devices to the motherboard
B. to connect RAM to the CPU
C. to connect the heat sink to the motherboard
D. to connect the HDD to the CPU
Based on computer technology and operations, the serial advanced technology attachment (SATA) cable used to connect storage devices to the motherboard
What is a serial advanced technology attachment (SATA) cable?Serial advanced technology attachment (SATA) cable is a device often referred to as a computer bus that serves as the interface between host bus adaptors and mass storage devices.
Generally, Serial ATA host adapters and devices transmit via a single high-speed seven-wire serial cable rather than through the parallel bus used in previous technologies.
Various SATA devices are available, which can be used for transmitting data from the computer to the mass storage devices.
There are three main types of SATA cable connections for computers are:standard two-connection SATA cables, three-connection SATA cables, and eSATA cables.Hence, in this case, it is concluded that the correct answer is to connect storage devices to the motherboard
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adam owes $125,000 on his home. it's currently worth $340,000. how much equity does adam have in his home?
Adam owes $125,000 on his home. It's currently worth $340,000. $215,000 is the equity does Adam have in his home.
What does equity mean in financial terms?Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.
What Distinguishes Cash from Equity?Cash is a form of currency that may be utilized for transactions right now, as opposed to equity, which must wait. This could involve investing in stocks, real estate, a car, food, etc. The cash worth of an asset is its equity, which is not yet converted into a currency.
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what manufactured products are produced in pakistan and bangladesh what manufactured products are produced in pakistan and bangladesh
Garments, technology, textiles are the manufactured products produced in pakistan and bangladesh.
A product is an object, or system, or carrier made available for customer use as of the purchaser call for; it's far anything that can be offered to a market to satisfy the choice or want of a client.
A product is any item or carrier you promote to serve a consumer's want or need. They may be physical or digital. physical merchandise include long lasting goods (like vehicles, fixtures, and computers) and nondurable items (like meals and drinks).
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The use of _________ can result in employee resistance and other forms of dysfunctional behavior on the part of the follower.
Position power
coercive power
reward power
legitimate power
The use of legitimate power can result in employee resistance and other forms of dysfunctional behavior on the part of the follower. So, the correct answer is option d.
The manager's position within the company and the authority that comes with it give rise to legitimate power. The genuine authority that comes with holding a position of leadership within an organisation is acknowledged by subordinates.
Employees of a management voluntarily comply with requests made of them because they feel the manager has the right to make those decisions. Kelly is aware that Jack, her boss, has the authority to grant or deny her request for personal time off, for instance, when she asks him to do so. Kelly must obey Jack's choice regardless matter what it is.
When subordinates behave in a way that meets or exceeds performance objectives, managers have the authority to reward those subordinates.
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Answer: coercive power
Explanation: use of force breeds resistance
5. assume that humongous bank is part of a multibank system. how much will money supply increase with that original $19 million loan?
Elasticity is an economic concept used to measure changes in the aggregate demand for goods or services with respect to price changes for the goods or services. A product is said to be elastic if the quantity demanded of the product changes disproportionately as the price of the product rises or falls.
Gasoline is one such type of product the market has found that consumers are buying the same amount even though the price is rising. Conversely, if the price of gasoline falls, consumers will buy the same amount.
Durable goods are an example of a product with elastic demand. These are items that are rarely bought, such as washing machines and cars, and can be moved if prices increase. For example, car discounts have been very successful in increasing car sales through lower prices.
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