Answer:
I think the answer is four
What is the conclusion of the test that determines the regression parameters ????_1 is equal to zero at a 0.01 level of significance? (Assume that the conditions necessary for proper inference are satisfied.) Select one: a) National income is a significant indicator of the company sales. b) National income is not a significant indicator of the company sales. c) Intercept is a significant indicator of the company sales. d) Intercept is not a significant indicator of the company sales.
Answer:
It implies that national income is not a significant indicator of the company's sales. The correct answer is B.
Explanation:
The reason is that regression coefficients are expected to be compared with table value. since the regression coefficients are zero at 0.01 level of significance, it means that the results are not statistically significant. Thus, we can conclude that national income is not a significant indicator of the company's sales.
The test that determines the regression parameter 1 equals zero at a 0.01 level of significance concludes that national income is not a significant indicator of company sales. Thus, option B is correct.
What is the regression parameter?The parameter (the regression coefficient) represents the amount by which a change in x must be multiplied to obtain the corresponding average change in y, or the amount y changes for every unit increase in x. It represents the degree to which the line slopes upwards or downwards in this manner.
The reason for this is that regression parameter should be compared to table values. The results are not statistically significant because the regression coefficients are 0 at the 0.01 level of significance.
Therefore, option B is correct, that we can conclude that national income is not a significant predictor of company sales.
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You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Roshy Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money will you receive? (Round to the nearest whole dollar
Answer:
Present value (PV) = $1,000
Interest rate (r) =8% = 0.08
Number of years (n) = 18 months = 1.5 years
No of compounding periods in a year = 4
Future value (FV) = ?
FV = PV(1 + r/m)nm
FV = $1,000(1 + 0.08/4)1.5x4
FV = $1,000(1 + 0.02)6
FV = $1,000 x 1.1262
FV = $1,126
Explanation:
The amount to be received in 18 months is $1,126. This is obtained by compounding the present value at 8% compounded quarterly for 18 months. The formula to be applied is the formula for future value of a lump sum(single investment).
Suppose that you enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is $3,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call?
Answer:
$0.20
Explanation:
For computing the change in future price, first we have to determine the loss which is shown below:
Loss = Initial Margin - Maintenance Margin
= $4,000 - $3,000
= $1,000
Now the change in future price would be
= Loss ÷ size of the contract
= $1,000 ÷ 5,000 ounces
= $0.20
The future price is increased by $0.20
And, if the margin call is not meet than the broker will stop at best price so that he cannot suffer more loss
Nova Products has a 44-year maximum acceptable payback period. The firm is considering the purchase of a new machine and must choose between two alternatives.
The first machine requires an initial investment of $26 comma 00026,000 and generates annual after-tax cash inflows of $6 comma 0006,000 for each of the next 1010 years.
The second machine requires an initial investment of $29 comma 00029,000 and provides an annual cash inflow after taxes of $8 comma 0008,000 for 2828 years.
a. Determine the payback period for each machine.
b. Comment on the acceptability of the machines, assuming that they are independent projects.
c. Which machine should the firm accept? Why?
d. Do the machines in this problem illustrate any of the weaknesses of using payback?
Answer:
A determine the payback period for each.
Explanation:
If your firm buys $1,000 worth of supplies on credit with terms 3/15 n60 and pays the bill on the 60thday after the purchase:
a. What is the approximate, or "nominal," cost of trade credit as an annual rate?
b. What is the exactcost of trade credit as an annual rate?
Answer:
Nominal Cost of Trade Credit = 25.09%
Exact Cost of Trade Credit = 28.03%
Explanation:
given data
buys worth = $1,000
terms = 3/15 n60
pays the bill = 60th day
to find out
Nominal Cost of Trade Credit and Exact Cost of Trade Credit
solution
we know here Discount % and time 60 day and discount period that is
Discount % = 3%
time for Payment = 60 days
and Discount Period = 15 days
so Nominal Cost of Trade Credit will be as
Nominal Cost of Trade Credit = Discount % ÷ (100 - Discount % ) × [ 365 ÷ (time for Payment - Discount Period) ] ..................1
put here value we get
Nominal Cost of Trade Credit = [tex]\frac{0.03}{1-0.03}[/tex] × [tex]\frac{365}{60-15}[/tex]
Nominal Cost of Trade Credit = 25.09%
and
Exact Cost of Trade Credit will be here as
Exact Cost of Trade Credit = (1+Discount % ÷ (100%-Discount %))^(365/(time for Payment - Discount Period) - 1 ..................2
put here value we get
Exact Cost of Trade Credit = [tex](\frac{1+0.03}{1-0.03})^{\frac{365}{60-15}} - 1[/tex]
Exact Cost of Trade Credit = 28.03%
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b. Single/Head of household
Answer and Explanation:
In the year 2018, ROTH IRA contribution limit is $5500 for people less than 50 years of age and $6500 if people are above 50 years of age.
These are the circumstances in the year 2018:
(a) ROTH IRA income limits for married filing jointly: Phase out starts at $189000 and ineligible at $199000.
(b) ROTH IRA income limits for Single filers: phase out starts at $120000 and ineligible at $135000.
Banner Publications was organized early in 2012 with authorization to issue 10,000 shares of $100 par value preferred stock and 1 million shares of $1 par value common stock. All of the preferred stock was issued at par, and 400,000 shares of common stock were sold for $15 per share. The preferred stock pays a 10 percent cumulative dividend. During the first five years of operations (2010 through 2014) the corporation earned a total of $4,100,000 and paid dividends of $.80 per share each year on the common stock. In 2015, however, the corporation reported a net loss of $1,250,000 and paid no dividends.Prepare the stockholder’s equity section of balance sheet at December 31, 2012.
Answer:10,000
Explanation:
Exodus Limousine Company has $1,000 par value bonds outstanding at 17 percent interest. The bonds will mature in 40 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the current price of the bonds if the percent yield to maturity is: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)
Answer:
Consider the following calculation
Explanation:
Yield to maturity is not given here. So we assume that Yield to maturity is 10%.
Present value of interest payment :
PV = A*PVIFA (n= 40,i =10%)
= 170*9.7791
= 1662.45
Present value of principal payment at maturity
PV = FV*PVIF (n= 40,i =10%)
= 1000 * .0221
= 22.10
Current price of bond = 1662.45+22.10
= $ 1684.55
The current price of the bonds can be calculated using the formula for present value of a bond. The formula is PV = C/(1 + r)^n. Plugging in the given values, the current price of the bonds is approximately $8.34.
Explanation:The current price of the bonds can be calculated using the formula for present value of a bond. The formula is:
PV = C/(1 + r)^n
Where:
PV is the present value of the bondC is the annual interest paymentr is the percent yield to maturityn is the number of years until maturityIn this case, the annual interest payment is $170 (17% of $1000) and the number of years until maturity is 40. Let's assume the percent yield to maturity is 15%. Plugging these values into the formula:
PV = 170/(1 + 0.15)^40 = $8.34
So the current price of the bonds is approximately $8.34.
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Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is to a. improving a house. b. repairing a house. c. buying a condominium. d. joining a cooperative. e. renting an apartment.
Answer:
Option ( E ) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option (E) because of the following reasons :
Purchasing a car means to buy a car so that the owner of the car is the purchaser. Leasing a car means to give a car to another person on lease for a fixed time duration in return of which he will pay you but the owner of the car is still purchaser.
Similarly purchasing a house is to own the house by making full payment of it but renting an apartment means to take home on rent by giving rent every month or at a fixed period but the owner of the house still remains the purchaser.
While the options are wrong because of the following reasons:
Improving a house can be defined as to make a home more luxurious. Repairing a house can be defined as renovation work in the house. Buying of condominium tells the concept to buy another property. Joining a cooperative has no connection with buying a house.Gabriella Sax believes that customers in her dress shop find certain prices very appealing.
Between these price levels, all prices are seen as roughly the same—and price cuts in these ranges generally do not increase the quantity sold (i.e., the demand curve tends to drop vertically within these price ranges).
Therefore, Sax prices her items as close as possible to the top of each such price range.
This is:
A. bait pricing.
B. prestige pricing.
C. leader pricing.
D. psychological pricing.
E. odd-even pricing.
Answer:
Letter D is correct. Psychological pricing.
Explanation:
Psychological pricing is a marketing and pricing strategy whose fundamental principle is to have a favorable psychological impact on the consumer.
A consumer buying decision process takes into account the characteristics of the product in association with price, so that there is a favorable balance between a product that meets its needs and the price determined for it.
Because of this psychological pricing emerges as a strategy to impact the consumer and influence the purchase, an example of this strategy is the use of broken and non-round values, for example a product that costs $ 99.99 has a greater impact on consumer perception than a product. product costing $ 100.00.
Although it is an inviting strategy for influencing the purchasing decision process, a company should combine this strategy with others that emphasize the characteristics and value of the product or service so that the essentials that determine the purchase are balanced, and thus there is balance and positive results.
The organizational process of changing over from the current information system to a new one best defines: a. reorganization. b. replacement. c. system alteration. d. installation. e. physical design.
The organizational process of changing over from the current information system to a new one best defines installation.
Option D
Explanation:
Corporate change takes place when a company moves from its current state to a planned future state. Corporate change management is the practice of initiating and executing behavioral improvements so that staff opposition to change is reduced and the business benefits maximized at the same time.
In today's business climate, businesses must continuously experience transition if they are to remain competitive. In order to survive, companies react to factors like market globalization and rapidly developing technology. These improvements may be quite minor— as in the case where a new software system is set up— or quite large— as when the overall marketing strategy is re-focused, a hostile takeover is combatted, or a company is changed in the face of increasing foreign competition.
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order a sandwich for $15. While you are eating it, you realize that the sandwich is not very good. On the next day, you decide to make the $15 sandwich by yourself. You get all ingredients from the local supermarket for $5. How much does GDP increase by over both days together?
a. $5
b. $15
c. $20
d. $30
Answer:
c. $20
Explanation:
GDP (Gross Domestic Product) is the total monetary value of goods and services produced within the borders of the United States, regardless of who owns the assets or the nationality of the labor used in the production of that product.
GDP = C + I + G + (X - M)
The first day:
Consumption $ 10
Investment $ 5
Second day:
Expenses: $ 5
GDP = $20
Knaack Corporation is presently making part R20 that is used in one of its products. A total of 18,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity:
Per Unit
Direct materials.................................. $8.00
Direct labor........................................ $2.50
Variable overhead............................... $7.10
Supervisor's salary........................... ...$7.30
Depreciation of special equipment........ $8.20
Allocated general overhead.............. ....$3.60
An outside supplier has offered to produce and sell the part to the company for $27.70 each. If this offer is accepted, the supervisor's salary and all of the variable costs can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally.
Should management buy part R20 from the outside supplier rather than to continue making the part? What is the difference is cost between the make or buy options?
Answer:
It is more convenient to continue production.
Explanation:
Giving the following information:
Per Unit
Direct materials.................................. $8.00
Direct labor........................................ $2.50
Variable overhead............................... $7.10
Supervisor's salary........................... ...$7.30
Depreciation of special equipment........ $8.20
Allocated general overhead.............. ....$3.60
An outside supplier has offered to produce and sell the part to the company for $27.70 each.
The supervisor's salary and all of the variable costs can be avoided.
We need to determine if it is more convenient to buy the product or produced it in house.
First, we need to calculate the cost to produce it in house:
We will take into account the relevant costs (costs that changed with each decision).
Variable cost= direct material + direct labor + variable overhead
Variable cost= 8 + 2.5 + 7.1= $17.6
Fixed costs= 7.3
Total relevant cost= 17.6 + 7.3= $24.9
Buy:
Total relevant cost= 27.7
Cost difference= 27.7 - 24.9= $2.8
It is more convenient to continue production.
A good with a supply generates no deadweight loss when taxed. D a. somewhat inelastc O b. somewhat elastic O c. slowly increasing O d. perfectly elastic e perfecty inelastic QUESTION 11 A local merchant raises the price of his good and finds that his total revenues increase. The demand for this good is D a. unitary elastic O b. inelastic. O c. relatively price sensitive. O d. elastic O e. perfectly elastic. QUESTION 12 Because a product's demand for an input to its production depends on the decision to produce this product, i is called demand. O b. input O c. dependent o d. production O e. derived
Answer:
e perfecty inelastic
b. inelastic
e. derived
Explanation:
Deadweight loss is inefficiency that occurs as a result of taxation.
Deadweight loss is the difference between the quantity demanded/ supplied when there's no tax and the quantity demanded / supplied as a result of tax.
When a good has a perfectly inelastic supply, the quantity supplied doesn't change when there's a change in price.
A good with perfectly inelastic supply has zero deadweight loss.
A good has an inelastic demand when a change in price has a little effect on the quantity demanded. If a good has an inelastic demand, if price is increased, there's little or no change in quantity demanded and therefore total revenue increases.
Derived demand is when the demand for a good or a factor of production is as a result of the demand for another good. For example, if there's no demand for bread, there would be no demand for bakers.
I hope my answer helps you.
Tax imposition on goods with perfectly inelastic supply does not change the quantity produced, and the burden falls on the producer, while perfectly elastic supply places the burden on consumers. Price increases in inelastic demand do not greatly reduce quantity demanded, leading to higher revenue. Derived demand is when the input demand depends on the output's production level.
Explanation:The elasticity of supply and demand affects how a tax on a good impacts the market price and quantity, as well as who bears the burden of the tax. When a tax is imposed on a good with perfectly inelastic supply, the quantity produced remains unchanged because the supplier is unable to adjust the quantity in response to price changes. As a result, the producer bears the burden of the tax. In contrast, with a perfectly elastic supply, any tax imposed would result in an increase in market price, but the quantity supplied would not change; the burden falls on consumers. If the demand is inelastic, an increase in price due to the tax does not significantly reduce the quantity demanded, leading to a higher tax revenue.
For example, if a local merchant raises the price of his good and total revenues increase, it indicates that the demand for the good is inelastic. Consumers continue buying nearly the same quantity despite the price hike. Conversely, with elastic demand, an increase in price would lead to a large decrease in quantity demanded, thus decreasing total revenue. Similarly, the concept of derived demand denotes that the demand for an input is dependent on the production level of the final good; the input's demand is not based on the input's own price or features but on the demand for the product it helps to produce.
Each of the following should trigger a review of the emergency plan, EXCEPT FOR:
A. Changes in operational resources or jurisdiction demographics.
B. Plan activation during an incident or exercise.
C. Hiring of new emergency management agency support staff.
D. Changes in laws, ordinances, or elected or appointed officials
Answer:
The correct answer is letter "C": Hiring of new emergency management agency support staff.
Explanation:
The hiring of new emergency management support staff is not an action that implies the review of the emergency plan since that can take place when there is no major activity in the nation that requires the stand of the authorities to face the problem. It could be done at any time with no hurry.
Explain why paying each bill individually (paying transaction by transaction) is detrimental to one’s financial stability?
Answer:
Paying bills individually is more expensive
Explanation:
Paying bills by transaction is more expensive and a damaging to a person's financial health. Bill payment should be organized and planned to avoid unnecessary cost that comes with paying each bill individually.
A company is considering two projects.
Project I Project II
Initial investment $120,000 $120,000
Cash inflow Year 1 $40,000 $20,000
Cash inflow Year 2 $40,000 $20,000
Cash inflow Year 3 $40,000 $32,000
Cash inflow Year 4 $40,000 $48,000
Cash inflow Year 5 $40,000 $50,000
What is the payback period for Project I?
(A) 2.5 years
(B) 3 years
(C) 3.5 years
(D)1 year
(E) 5 years
Answer:
Option (B) is correct.
Explanation:
Given that,
Project 1:
Initial investment = $120,000
Cash inflow Year 1, Year 2, Year 3, Year 4, Year 5 = $40,000
Hence,
Annual cash flow = $40,000
Payback period:
= Initial investment ÷ annual cash inflow
= $120,000 ÷ $40,000
= 3 years
Therefore, the payback period for Project I is 3 years.
A site is improved with a single-family residence. If vacant, the value of the site for a residential use would be $100,000. However, the site is zoned so that a commercial use is allowed, and if vacant, it would sell as commercial property for $160,000. The cost of demolishing the existing structure is $20,000. What is the value of the property as improved for commercial use?
Answer:
Value of property= $140,000
Explanation:
If there were no commercial use of the site, it would have a value of $100000. But due to the site being zoned which allows it to be used for commercial purposes will have a value of $160000. But in order to make it available for commercial use, the existing structure has to be demolished which will cost $20000. Therefore, the value of property as improved for commercial use would be the net of sale value and costs incurred to make it available for sale. Calculation is as follows:
Sale value = $160,000
Costs to sell = (-$20,000)
Net value= $140,000
In Government contracting, one criterion for cost allowability is that the contractor's costs must comply with Generally Accepted Accounting Principles (GAAP) and _________________.
a. ISO 9001 Principles
b. Government Cost Accounting Standards (CAS)
c. Lean Manufacturing Principles
d. Cost as an Independent Variable (CAIV) Principles
Answer:
b. Government Cost Accounting Standards (CAS)
Explanation:
The process of government contracting is usually a very legal activity that requires contractors to be well qualified so as to receive the government contracts. There are certain principles that are required to be met on cost allowability, the principles include the Generally Accepted Accounting Principles (GAAP) and the nineteen principles of Government Cost Accounting Standards (CAS). These two principles are closely inspected by the government to make sure that the contractors adhere to them. The correct answer is B.
Alternative explanations of wage disparities
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies but that, instead, the degree simply reflects a high level of inherent mathematical ability.
Which one of the following characterizes the labor economist's perspective on the link between education and wages?
A. Human capital
B. The superstar phenomenon
C. Compensating differentials
D. Signaling
Answer:
D. Signaling
Explanation:
According to the signaling theory in education, productivity does not dependent on education, but higher education acts as a "signal" for an individual's greater ability. The labor economist believes that having a PhD in economics reflects a high level of inherent mathematical ability, although it does not change much in acquired productive skills. This view is clearly characterized by signaling.
Secret Prizes Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Secret Prizes has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is the total amount of budgeted direct labor for March? $1,425 $3,000 $2,850 $1,500
Answer:
Budgeted direct labour hours
= 0.5 hour x 200 buckets
= 100 hours
Budgeted amount of direct labour
= 100 hours x $15
= $1,500
Explanation:
There is need to calculate direct labour hour, which is 0.5 hour multiplied by number of buckets budgeted. then, we will determine the budgeted amount of direct labour, which is budgeted direct labour hours multiplied by hourly rate.
Rajan Company's most recent balance sheet reported total assets of $1.76 million, total liabilities of $0.87 million, and total equity of $0.89 million. Its Debt to equity ratio is:
a) 0.494
b) 0.506
c) 1.02
d) 1.00
e) 0.978
Answer:
Debt to equity = 0.978
so correct option is e) 0.978
Explanation:
given data
total assets = $1.76 million
total liabilities = $0.87 million
total equity = $0.89 million
solution
we get here Debt to equity that is express here as
Debt to equity = Total liabilities ÷ Total equity ......................1
put here value we get debt to equity that is
Debt to equity = [tex]\frac{0.87million}{0.89million}[/tex]
Debt to equity = 0.978
so correct option is e) 0.978
Brad's Robotics Incorporated will earn $60 in one year if it does well. The debtholders are promised payments of $40 in one year if the firm does well. If the firm does poorly, expected earnings in one year will be $10 and the repayment will be $5 because of the dead weight cost of bankruptcy. The probability of the firm performing poorly or well is 40%. If bondholders are fully aware of these costs what will they pay for the debt?
Answer:
pay for the debt = $17.76
Explanation:
given data
earn = $60
debt holders payments = $40
earnings = $10
repayment = $5
probability = 40%
to find out
what will they pay for the debt
solution
we consider here interest rate on the bonds = 7%
so we now get here pay for the debt that is express as
pay for the debt = ( debt holders payments × probability + earn × repayment ) ÷ ( 1 + interest rate ) ..........................1
put here value we get
pay for the debt = [tex]\frac{0.4*40+0.6*5}{(1+0.7)}[/tex]
pay for the debt = $17.76
Aaron is being introduced to his new workplace and coworkers. His boss tells him the names of people and departments, but she says very little about each person's rank or the relationship between departments. She also does not speak much about the culture of the workplace. However, at the end of the introduction she says, "Hopefully now you have a better understanding of who we are, what we stand for, and how things work here." Aaron's boss's communication style seems to be best described as what?
Answer: An Intuitive communication style
Explanation: Those that use the intuitive communication style prefer a more casual, common-sense based approach to communicating ideas. They want to understand the big-picture concepts and aren’t interested in getting too bogged down in the details of the idea. In many ways, intuitive communicators are the opposite of analytical communicators, who prefer to have all of the relevant details on hand when making a decision.
The value of a dollar variesQuestion 1 options:A) inversely with the price of gold.B) directly with the price level.C) inversely with the price level.D) directly with the purchasing power of other major currencies.
Answer:
Option (D) is correct.
Explanation:
There is a change in the value of the dollar with the change in the value or purchasing power of the other nation's currency. This means that there is a direct or positive relationship between the value of the dollar and the value of the other nation's currency. It is known as the exchange rate. Exchange rate is the rate at which goods are being traded between the nations.
Quick Fix-It Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area.
The charter issued by the state authorized the following stock:
Common stock, $10 par value, 98,000 shares authorized
Preferred stock, $50 par value, 8 percent, 59,000 shares authorized
During January and February of this year, the following stock transactions were completed:
Sold 78,000 shares of common stock at $20 cash per share.
Sold 20,000 shares of preferred stock at $80 cash per share.
Bought 4,000 shares of common stock from a current stockholder for $20 cash per share.
Required:
Net income for the year was $210,000; cash dividends declared and paid at year-end were $50,000.
Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.)
The final stockholders' equity of Quick Fix-It Corporation at the end of the year is $1,860,000, calculated by adding the net common stock ($700,000), preferred stock ($1,000,000), and retained earnings ($160,000) together.
Explanation:The stockholders' equity section of the balance sheet can be calculated as follows:
Common stock: The company sold 78,000 shares at $10 par value each, which equals $780,000. However, they bought back 4,000 shares at $20 each, meaning they paid $80,000 for this. Therefore, the net common stock is $780,000 - $80,000 = $700,000.Preferred stock: The company sold 20,000 preferred shares at a par value of $50 each, which equals $1,000,000.There was also a net income of $210,000 for the year, but a payout of $50,000 in dividends. This means an addition to Retained Earnings of $160,000 ($210,000 - $50,000).Therefore, the final stockholders' equity is the sum of the net common stock, preferred stock, and the addition to retained earnings, which equals $1,860,000 ($700,000 + $1,000,000 + $160,000).
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Using 2010 U.S. dollars, in 2000 annual real per capita gross domestic product (GDP) in the United States was around ________, whereas in China, it was around ________.
Answer:
$44,000; $5,200
Explanation:
Please see attachment.
As the chief marketing officer at Chevrolet, you'd like to determine how much the engineering team's redesigned dashboards are going to influence your sales forecasts. You've decided to use the Delphi technique, but you're not sure who to include in your research. Of the following groups who might provide useful insights, which group are you least likely to turn to for feedback?Academic researchers in automotive engineeringAudio/hearing specialistsExperts in efficient environmental designVision and visual processing scientists
Answer:
Vision and visual processing scientists
Explanation:
The vision and visual processing scientists can give a better feedback on how the new dashboards will be received by the customer. This is a user experience approach which supports their study in techniques like Delphi.
Here are some facts about the relationship between three goods: Firm X produces a good that it sells to Firm Y. Firm Y produces a service and sells it to consumers. Firm Z produces a service that is similar to Firm Y, and they also sell to consumers. Firm Z has no relationship with Firm X. Firm X experiences an increase in the demand for its product. We can expect this to a. the price that it charges for its product. This change in the price of good X will cause the b. curve for good Y to c. . The change in the market for good Y will cause the price of good Y to d. . This change in the price of good Y will cause the e. for good Z to f. . Enter increase
Answer:
a. increase
b. supply
c. decrease
d. increase
e. demand
f. increase
Explanation:
An increase in demand will cause an increase in the equilibrium price and quantity of a good so (a) is increase.
Since a decrease in supply will cause an increase in the equilibrium price and a decrease in the equilibrium quantity of a good so (b) (c) and (d) are supply, decrease and increase respectively.
Also a change in demand will cause equilibrium price and output to change in the same direction. Therefore (e) and (f) are demand and increase respectively.
A quota-bonus plan is applicable when __________-.
A. employee performance exceeds the quota.
B. performance management is outsourced.
C.an employee has a salary plan based solely upon performance.
D. there are no other incentives.
Answer:A. Employee performance exceeds the qouta
Explanation:
A quota bonus plan is an incentive method where the employees are promised bonus payments on the agreement that certain conditions are surpassed.
Outsourcing is when a firm transferred some of it's functions to another firm e.g human resources functions.
Salary is incentive to be paid to an employee in the ordinary course of the performance of his assigned duties.
There various incentives that are available to an employee such overtime performance, outstation bonus etc.