Answer:
let try validity as the rightful answer.
Aiden Brent, an international tennis player, owns a multinational chain of sports shops named Brent Deuce. The company is popular and gets the attention of sports enthusiasts because of its brand name and ownership. Which of the following marketing strategies does this scenario best illustrate?A. People marketing
B. Place marketing
C. Event marketing
D. Idea marketing
Answer: People Marketing
Explanation: People Marketing involves creating products that are geared towards meeting the exact needs of customers, tailoring the products towards what the consumers desire.
The company know their fans are sports lovers, therefore they make their products to suit their fan-base and what the fans love that is sports related items.
An economic system that operates mainly on private transactions where firms are free to make their own production, distribution and pricing decisions is known as.
Answer:
Market economy
Explanation:
There are three predominant economic system; market economy, command economy and mixed economy.
In Market economy individuals and firms are free to make their own choices. There is no regulatory authority that is monitoring the system. Firms can produce whatever they want and sell it at whatever price they desire. This idea of free market was first suggested by economist Adam Smith. Firms will only manufacture goods that market demands, even if they are dangerous to the society e.g. cannabis and LSD. If the demand exists and firms can make profit, they will produce it regardless of its impact on the society. Command economy is heavily monitored by government. Government decide what to produce, how much to product and for whom to produce. The price is fix for every product. For example, if the price of cheese is set at $10 per pound, everyone will get it for $10. There is no concept of private ownership and everything is owned by the government. Mixed economy, also known as traditional economy is a combination of above two types. There is private as well as public ownership. Firms can produce goods, but they will follow laws and regulations (firms can't make and sell LSD to teenagers). The government provide healthcare, education and protect consumers from private institutions.The question deals with a situation where there is no government intervention. The firms are free to make their own production, distribution and pricing decisions. Hence, it’s a market economy.
Uri, a server in a popular family restaurant, is the most popular employee with both customers and employees, and as a result, he usually earns the most in tips. He is always ready to lend a hand when asked, and with his warm personality and supportive nature, people confide in him. Uri does have a problem telling people no, and he has a tendency to avoid conflict because he is concerned about hurting others or getting people mad. Uri likely has a(n) ________ decision-making style.
A. conceptual
B. analytical
C. behavioral
D. ambiguous
E. directive
Answer:
C. behavioral decision-making style
Explanation:
A behavioral decision-making style is a characteristic of an individual who displays the ability of an open policy system where everyone is accommodated with a sense of belonging.
In a free-enterprise system, the wealth created by businesses benefits the community because___________.
Answer: The wealth created from the businesses are not under government control.
Explanation:
A Free Enterprise is an economic system which is privately controlled with little or no government intervention.
The wealth in a free economy system is basically controlled by private individuals as most businesses and industries are under their control.
Asahi, an active partner in the Sora-Wilson partnership, receives an annual bonus of 20% of partnership net income after deducting the bonus. For the year ended 2017, partnership income before the bonus was $150,000. Asahi should receive a bonus of___________.
Answer:
$25,000
Explanation:
Let x = partnership income after deducting bonus
Bonus = 20% of x = 0.2x
Partnership income before bonus = x + 0.2x
= 1.2x
If partnership bonus = $150,000
1.2x = $150,000
x = $150,000/1.2
x = $125,000
Asahi's bonus = 0.2x
= 0.2 ×$125,000
= $25,000
Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay $100 for the security system, Mary is willing to pay $300 and Jill is willing to pay $300. They have a meeting to vote on whether to pay $250 each for the security system. At least two of them must vote for the system to be installed before the vote is passed. The efficient outcome is to have the security system installed. After the meeting the security system will __________, which illustrates ___________.
Answer:
After the meeting the security system will be installed which illustrates free rider problem.
Explanation:
Free Rider:
A person is called a free rider who wants other people to pay for the things that are beneficial to the public but also make plans to use those things for personal gains.
Free Rider Problem:
It is such a situation in which everyone enjoys the benefit of the effort of a person. Like if a person cleans the rubbish from the street then it is good for everyone so everyone get the benefit from his effort.
In this question, as one person is willing to pay less as compared to others, which illustrate a problem of free rider because a person wants to pay less for the public good (security camera) but wants to enjoy this facility.Answer:
be installed,
It illustrates the free rider problem
Explanation:
The free rider problem is the strain on a shared resource that is generated by individuals that don't pay their fair proportion for it or pay nothing at all by its use or overuse.
In any group, large or small, the free rider problem can occur.
In such an urban environment, a council will discuss whether and how to pressure suburban drivers to help maintain their roads and sidewalks or defend their police and fire departments.
A public radio or television station devotes airtime to crowdfunding, aiming to attract contributions from non-contributing listeners.
In the Private Sector, there are many ____________ to be made by Business managers regarding which "projects" to borrow for and which "projects" to invest in. These often contain a great deal of risk and uncertainty as well as the potential for benefits (profits).
Complete Question:
Risk (the possibility of costs being more than originally perceived)
Uncertainty (the possibility of benefits being less than originally perceived)
both a. and b.
none of the above
Answer and Explanations:
Both a and b
It is a basic principle of finance. The higher the risk the higher is the profit. Therefore, business managers are required to take high risks that involves uncertainty. Because this leads to more profit.
You are developing a financial plan to provide a retirement income for a customer starting at age 65. The customer asks you how Social Security retirement benefits work and how these benefits fit into the plan. You should explain all of the following key facts about Social Security EXCEPT:[A] The earliest age at which a retiree can elect to receive retirement benefits is 62[B] To receive full benefits requires the retiree to claim benefits at the normal retirement age of 65, 66 or 67 depending on the birthdate of the retiree[C] A Cost of Living Adjustment (COLA) will be added to the monthly benefit starting at age 63[D] Working beyond the full retirement age will decrease the monthly benefits
Answer:
[D] Working beyond the full retirement age will decrease the monthly benefits
Explanation:
In reality, You get 100 % of your monthly bonus if you start receiving benefits at age 66.
When you delay collecting retirement benefits until after your normal retirement age, you can continue to increase your monthly bonus.
Your income is impaired by delayed retirement. The change is centered on your birth date as well as the number of months you delay the start of your pension benefits.
When you start receiving retirement benefits at age:
67, you will receive 108 percent of the monthly benefit as you have deferred receiving 12-month benefits.70, you're going to get 132 percent of your monthly benefit because you've delayed receiving 48 months ' benefits.
Each of these statements is true about the net worth methods for determining embezzled amounts except:a. The net worth method generally understates amounts stolen.b. Much of the information necessary for determining an individual's assets, liabilities, living expenses, and income is available through public searches.c. Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth can only provide approximations of the amount stolen.d. The net worth method is useful for obtaining confessions from suspects during interviews or interrogations.
Answer:
The Correct answer is C "Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth can only provide approximations of the amount stolen."
Explanation:
There is always suspicion from the court on the dollar amounts derived from using the net worth method, and this is because courts have been able to understand that the net worth method does not have the potential to calculate the exact stolen amount, but only provide estimations and approximates of the main amount.
When a company undergoes a repositioning, it depends on its advertising effort to _________.
A) make sure the position has substance. B) make sure consumers understand the theme behind its repositioning. C) reduce the size of the competitive field. D) select a target market.
Answer: Make sure consumers understand the theme behind its repositioning.
Explanation:
When a company undergoes repositioning, the company is trying to change the way it's been viewed by members of the public.This changes in public perception of the company, would also affect the internal structure of the repositioned company.
An example of a company undergoing repositioning is when a company opens up more branches across different locations for their firm.
Advertising makes it possible for the public to be aware of the repositioning activities a company is carrying out.
An investment adviser has researched a privately held company and is extremely bullish on the company's prospects. She makes a personal investment of $100,000, for which the investment adviser received privately placed common stock with a Rule 144 restriction legend. One year later, the company goes public and the investment adviser, still being very bullish on the company, recommends the purchase of the IPO shares to her clients. Which statement is TRUE about this situation?
The investment adviser has not violated any rules because she is making a recommendation that is consistent with her bullish opinion of the company
The investment adviser has violated with FINRA IPO rule on free riding and withholding
The investment adviser has violated the insider trading prohibition under the Securities Exchange Act of 1934
The investment adviser has created a conflict of interest that must be disclosed to clients who receive the recommendation
Answer: The investment adviser has created a conflict of interest that must be disclosed to clients who receive the recommendation
Explanation:
There is a clear conflict of interest from the investment adviser. Also, the rule of free riding (using others hard earned information) and withholding only applies to public companies whereas in this case it was a privately held company.
When the price is greater than the marginal cost for a firm in a competitive market,
a. the marginal cost must be falling.
b. the firm must be minimizing its losses.
c. there are opportunities to increase profit by increasing production. d. the firm should decrease output to maximize profit.
Answer: there are opportunities to increase profit by increasing production.
Explanation: one of the main purpose of doing business is to maximize profits.
When the price of a good is higher than the marginal cost (cost associated with producing one more unit) the business should increase production in order to maximize profits. This is really effective in a competitive market as competitors will look for ways to make their products sell too.
Let MUS be the marginal utility of a sandwich, MUH be the marginal utility of a hot dog, PS be the price of a sandwich, and PH be the price of a hot dog. When the price of the goods is zero, Pat eats a sandwich. When Pat has to pay, she eats a hot dog. When Pat has to pay, which of the following is necessarily true?
(A) MUS = MUH = PS = PH
(B) (MUS / PS) > (MUH / PH)
(C) PS < PH
(D) PS > PH
(E) MUS = 0
Answer:
D) PS > PH
Explanation:
When Pat doesn't have to pay, she will choose to eat a sandwich, therefore the MUS > MUH.
But when she has to pay, then she will choose to eat a hot dog, therefore the utils per dollar that Pat gets from a hot dog are more than the utils per dollar that she gets from a sandwich: (MUS / PS) < (MUH / PH)
The only explanation to this is that the price of sandwich is higher than the price of a hot dog: PS > PH
The cost of an asset is $ 1,020,000, and its residual value is $ 100,000. The estimated useful life of the asset is ten years. Calculate depreciation for the first year using the two minus declining minus balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
a. $ 204.000
b. $ 92.000
c. $ 102. 000
d. $ 184.000
The depreciation for the first year using the two minus declining minus balance method for an asset with a cost of $1,020,000, a residual value of $100,000, and a useful life of 10 years is $184,000.
The double declining balance method of depreciation is an accelerated depreciation method that multiplies an asset's book value by a depreciation rate. The standard depreciation rate for this method is twice the rate of the straight-line depreciation for the same asset. The formula for calculating the first year's depreciation using the double declining balance method is:
Depreciation Expense = 2 x (1 / Useful life of the asset) x (Cost of the asset - Salvage value).
Given the asset's cost of $1,020,000, a residual value of $100,000, and an estimated useful life of 10 years, we apply the formula as follows:
Depreciation Expense = 2 x (1 / 10) x ($1,020,000 - $100,000).
The depreciation expense for the first year would be:
Depreciation Expense = 2 x 0.1 x $920,000
Depreciation Expense = $184,000
Therefore, the correct answer for the depreciation expense for the first year using the double declining balance method is $184,000.
In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 comparable has 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch. The appraiser adjusts by $9,000 for the bath, $11,000 for the pool, and $5,800 for the porch. What is the indicated value of the subject?
Answer:
129200 dollar
Explanation:
subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool
The given property
= 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch
additional 1 bath room , one pool minus a screened porch will make it similar to subject property
So indicative value of the subject
= 115000+9000+11000-5800
= 129200 dollar.
if people expect future price increases, how would the demand for a normal good be impacted
Answer:
Demand will increase.
Explanation:
A normal good is a good whose demand increases when income increases.
If consumers expect the price of a good to rise in the future, consumers would increase their demand for the good now because the good would become more expensive in the future.
I hope my answer helps you.
My Bonnie Lass, a cosmetics company, associates with a perfume brand called Lonalove to launch a face powder that is scented with one of Lonalove's signature perfumes. This new product becomes immensely popular among consumers and both the companies benefit from it. This scenario is an example of _____.
Answer:
The answer is Co-Branding.
Explanation:
Co branding is a strategic alliance between 2 or more companies that links multiple brands from different companies to market a product that shows both characteristics of the individual products.
In this scenario, My Bonnie lass is launching a powder that has Lonalove's signature scent.
This marketing approach is beneficial for the both companies that partner together as the logistical advantages, marketing capabilities, marketing channels and brand names of both companies are mixed together in such approaches. Greatly increasing the chances of a successful product.
Which of the following items did Joe include in his fixed expenses?
A. insurance
B. utilities
C. food
D. rent
Answer:
Explanation:
rent, food, insurance.
Joe's fixed expenses would consist of rent, food, and insurance. Options (A), (C), and (D) are hence the ones that should be chosen.
What are fixed expenses?Fixed expenses are those that do not alter in response to the degree of activity. These expenses are usually rather consistent, with little variation from month to month. Advertisements, dues, qualifying capital expenditure, insurance, and rent are examples of fixed expenses.
Within a particular range of activity, expenses tend to be fixed, but they vary outside of that range. For example, a company may rent fixed-cost administrative space; however, sales quadruple, necessitating the addition of more workers than can fit in the present facility, necessitating an increase in rent expenditure to accommodate the increased staff.
Hence, options (A), (C), and (D) are appropriate.
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In the short run,
unemployment and inflation are positively related. In the long run they are largely unrelated problems.
and in the long run inflation and unemployment are positively related.
unemployment and inflation are negatively related. In the long run they are largely unrelated problems.
and in the long run inflation and unemployment are negatively related.
Answer:
The correct answer is: unemployment and inflation are negatively related. In the long run they are largely unrelated problems.
Explanation:
According to the Philips curve, in the short run, inflation and unemployment rate are inversely related. This implies that when inflation decreases, the unemployment rate increases.
This is indicated by the downward-sloping Phillips curve. When the government adopts a contractionary policy to reduce inflation, unemployment will increase.
In the long run, the Phillips Curve will be a vertical line at the natural rate of unemployment. The inflation rate is not related to the unemployment rate in the long run.
In the short run, unemployment and inflation are positively related, while in the long run they are largely unrelated. In the long run, inflation and unemployment are positively related.
Explanation:In the short run, unemployment and inflation are positively related. This means that when inflation increases, the unemployment rate tends to decrease, and vice versa. This relationship is known as the Phillips curve. However, in the long run, unemployment and inflation are largely unrelated problems. This is because the long-run Phillips curve is vertical, indicating that there is a natural rate of unemployment that is independent of the inflation rate.
In the long run, inflation and unemployment are positively related. This means that higher levels of inflation are associated with higher levels of unemployment, and vice versa. This relationship is observed when the economy is not at its natural rate of unemployment and is experiencing temporary deviations from this rate.
Describe the basic rights of common stockholders. What are the key differences between common and preferred stock?
Answer:
Some rights of common stockholders are given below.
Voting power on major issues.
Ownership in a portion of the company.
The Right to transfer ownership.
Right to receive declared Dividends.
Opportunity to inspect corporate books, minutes file and other records.
The right to sue for wrongful acts.
Right to attend AGM.
Differences between common and preferred stock
Preferred stock have no voting right while common stock holders have voting right.
When interest rates rise, the value of the preferred stock declines, and vice versa. With common stocks, however, the value of shares is regulated by demand and supply of the market participants.
Common stockholder has right to participate in net asset of company in case of winding up. Preferred stock holder has no such right.
Company profitability have direct effect on wealth of common stockholder but not of preferred stock holder.
Vertical accountability refers to the ability of _________.
a. individuals and groups to hold state institutions accountable
b. the legislature to hold the executive accountable
c. state institutions to hold each other accountable
d. state officials to hold citizens accountable
Answer:
Vertical accountability refers to the ability of
a. individuals and groups to hold state institutions accountable
Explanation:
When discussing accountability in governance, there are different types which include vertical accountability and horizontal accountability.
Vertical accountability refers to the ability of individuals and groups to hold state institutions accountable and horizontal accountability refers to the ability of the legislature to hold the executive accountable.
Research on power is likely to provide information on the most effective ________. a. tactics for gaining compliance of employees b. leader-ship styles for motivating followers c. modes of assessing employee performance d. methods to reduce dependence on leaders e. methods of rewarding successful employees
Answer:
a.
Explanation:
Research on power is likely to provide information on the most effective tactics for gaining compliance of employees. This can be said because power revolves around having a following that will follow your orders and look up to you as a leader. Therefore you need to gain pure compliance from the employees that you are handling.
Once you have created your budget plan, you are set until you change jobs or change income.a) trueb) false
Answer:
False
Explanation:
Budget plans are estimates only, they are not 100% certain and need to be adjusted continuously.
For example, you want to save money for a new car and prepare a budget where you save $500 per month. But the events in your life are not fixed or exact, for example this month you spend $150 in gas and car maintenance, but next month you get a flat tire and need to change a windshield wiper. Or maybe you decided to go visit some friends that live on another city, or your girlfriend wants to visit her parents. The only thing certain about life is that it is never the same, luckily for all of us.
The statement about not changing a budget after creating until individual change his/her job it is False.
Budgeting can be regarded as the process involving creation of a plan on how individual is going to spend his/her money. This plan on how to spend the money is regarded as Budget.When you create a budget , it helps you to determine in advance whether there is enough money to accomplish your plan.However, there are some factors that can influence individuals to change his Budget such as inflation and some circumstances which means that budget can be changed, it doesn't necessarily mean that until one change job or income.Therefore, The statement is false because some factors could cause adjustment in a budget.
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The written test for provisional license applicants has 46 questions;a maximum of ________ errors is allowed.
Answer:
7
Explanation:
When a person wants to learn driving, he has to collect a license after learning the driving quite quickly. That driving license is called a provisional driving license. Generally, there are 46 questions in that examination. A person has to answer 39 correct answers. Therefore, seven questions can be wrong, and it is the maximum allowance to pass the exam and to get the license.
Producer surplus is
A) current market price.
B) the difference between the maximum a person is willing to pay and current market price.
C) the difference between current market price and full costs of production for the firm.
D) the difference between willingness to sell and full costs of productions for the firm.
Answer:
B) the difference between the maximum a person is willing to pay and current market price.
Explanation:
Consumer surplus is difference between maximum price consumer wants to pay and actual price he pays.
A token economy uses a symbol or tokens that are earned and can then be exchanged for a __________.
Answer:
backup reinforcers
Explanation:
A backup reinforcer is a privilege, item or activity that a child likes to enjoy. Backup reinforcers are used and earned in a token economy by kids when they exhibit desired behavior. It is used in behavior modification.
Cheers.
Answer:
Backup reinforcer
Explanation: Tokens are exchanged for backup reinforcers like chips, cookies, toys, or even fun activities.
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic investment, but should be counted as production of final goods and services.
consumption expenditures, but should be counted as production of final goods and services.
consumption expenditures and should not be counted as production of final goods and services.
economic investment and should not be counted as production of final goods and services.
Answer and Explanation:
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic
Investment and should be counted as production of final goods and services.
Gross domestic product (GDP) is the total amount of goods and services produced and consumed within the country
Bernie wants to go into the business of construction contracting. Among the reasons that would probably convince Bernie to set up his business as a sole proprietorship would be a. its greater flexibility. b. its limited liability. c. its perpetual existence. d. the ease of transferring the business to other family members.
Answer:
a. its greater flexibility
Explanation:
A sole proprietorship is A form of legal business structure owned by only one person. The liabilities of the owner is unlimited. It is usually flexible as decisions are made and approved by the owner.
A sole proprietorship doesn't usually have perpetual existence. It usually ends when the owner dies. It is not easy to transfer shares to other family members.
A sole proprietorship gives the owner the opportunity to be involved in the day to day running of the business.
I hope my answer helps you.
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the following is true?
Answer:
The correct answer is (d)
Explanation:
The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.
A Bathtub model of the start of the Great Depression would show the water level becoming lower with Investment inflow being less than Savings leakage and, therefore, quantity of AD being ______________ quantity of AS..
Answer:
LESSER THAN
Explanation:
During the Great Depression, it was a period of recession that meant that investments were low and less than savings which meant that 'household' was unwilling to invest its money as it had lost confidence in the American economy. This will lead to Aggregate Demand being Lesser than Aggregate Supply as consumption fell drastically during the great depression