Answer:
A) Wilhelm
Explanation:
Wilhelm performs the role of the agent as he is the one who martin contacts to find a potential buyer so Wilhelm is martins agent in this case and Wilhelm is the one in contact with the seller Martin so he is the agent and is finding buyers by contacting real estate agents on Martins behalf.
Which of the following statements is not true? Select one:
a. Operating leverage refers to the extent to which a company's net income reacts to a given change in sales.
b. Companies that have higher fixed costs relative to variable costs have higher operating leverage.
c. When a company's sales revenue is increasing, high operating leverage is good because it means that profits will increase rapidly.
d. When a company's sales revenue is decreasing, high operating leverage is good because it means that profits will decrease at a slower pace than revenues decrease.
Answer:
D) When a company's sales revenue is decreasing, high operating leverage is good because it means that profits will decrease at a slower pace than revenues decrease.
Explanation:
High operating leverage means that a business will have a higher proportion of fixed costs as compared to variable expenses. And as such, a decrease in sales would mean a more rapid fall in profits as a larger proportion of the costs is made up of fixed costs and hence is unavoidable with a fall in sales. With this information in view high operating leverage and decreased sale will greatly reduce profits.
All the other statements (a,b and c) about operating leverage are true.
Hope that helps.
The sociological study of markets focuses on which factor, or which combination of factors, to explain how markets work?
Answer:
Social networks, power, and culture
Explanation:
Sociological Studies refer to the study of individual behavior and actions within a culture or society. In markets it focuses mainly on the social ex-changes and it's structuring, under capitalism. That being said the is tries to examine the combination of Social networks, power, and culture in order to explain how those markets work.
You are meeting with the new CEO of your company to discuss marketing channel strategies. You are delighted to learn that the CEO actually understands the importance of marketing channels in a firm's sales success. The CEO tells you that his primary concern is that the chosen marketing channel facilitates the firm's ability to make products available when customers want them, and in locations where they want them. He leaves it to you to decide on the appropriate marketing channel. Given his primary concern you should make sure the channel you choose is capable of creating lots of _______________.
Answer:
You should make sure the channel you choose is capable of creating lots of:
Time and place utilities.
Explanation:
Utility:
In business, utility is defined as the benefit or value that a customer gets from the product of a business.
There are fours type of utilities which are: Time Utility, Form Utility, Place Utility and Possession Utility.Time Utility: This utility means that your product remain available to the customer at a time when the customer need it. Like if a customer wants the product available at night then it should be available.Place Utility: This utility means that the your product is available to the customer wherever the product is required. For example if a customer wants your product at a specific place then it should be available.In this questions, time and place utility were required from the manager.The second largest share of an individual’s consumption expenditure is for nondurable goods (such as food and clothing) at approximately _____ percent.
a. 9
b. 29
c. 59
d. 89
Answer:
b. 29
Explanation:
consumption expenditure is the expenditure directly incurred by the households for the purchase of goods and services.
approximately 29% which is the second largest share of an individual’s consumption expenditure is for nondurable goods.
The ratios used in evaluating a company's liquidity and short-term debt paying ability that complement each other are the Entry field with incorrect answer now contains modified data Accounts receivable turnover ratio and the Entry field with correct answer current ratio.
Answer:
Current Ratio
Explanation:
Current ratio is the proportion of current assets to current liabilities. It is one of the liquidity ratios that measures the capability of an organization to meet it short term obligations which is represented by current liabilities such as accounts payable and short term loans.
These liabilities are met with current assets such as cash and accounts receivables. Ideal current ratio is 2:1 that implies that the organization has enough currents assets to meet its short term liabilities as well as maintain adequate liquidity.
What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?
Answer:
see below
Explanation:
Opportunity cost is the value of the forfeited benefits as a result of making a decision in a certain way. Decision making involves choosing one item over others. The cost or value of the option not chosen is the opportunity cost. The value of the forfeited option is the opportunity cost.
In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test, or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.
The informational, political, and cultural disadvantages that foreign firms face when trying to compete against local firms in the host country market are referred to as ________.
a. opportunity costs
b. liability of foreignness
c. internalization disadvantages
d. the burden of internationalization
Answer:
B) Liability of foreignness
Explanation:
Liability of foreignness refers to the extra costs that a firm might incurr when operating in a foreign country.
This can results from a lack of knowledge of the host country's laws, regulations, culture, customs, etc.
For example, if an American company starts operations in for example, France, it will have to hire legal advisors, because the French legal system not only is different from Common Law in principle, but also because it is very complicated, with thousands of regulations. This represents a loss of competitiveness, and a handicap when competing against French companies.
The organization's _____ is stated in a challenging manner to inspire employees, customers, and shareholders.a. goalsb. mission statementc. vision statementd. objective
Answer: Mission Statement
Explanation:
A company's mission statement is a short description of the basic aim the company wants to achieve, what the company holds as it's key values, and the geographical area around which it would love to achieve it's objectives.
The mission statement as stated in the question most times is written in a challenging manner to inspire the employees of the company, it's customers and other stakeholders to make positive impact in the society.
In insurance, to determine acceptable risks is the primary responsibility of the:
Answer: Underwriter.
Explanation:
An underwriter is an organization/individual that accesses a risk, and then estimates the cost of the damages resulting from that risk and takes responsibility for the payment of damages, in the eventuality that the risk occurs: The amount paid by the underwriter for a risk, is repaid in the form regular commission by their client.
Therefore the underwriter is primarily the one responsible, for judging if a risk is acceptable to receive payment or not.
Underwriters in insurance companies are responsible for determining acceptable risks, setting premiums based on expected value of loss, claims, administrative costs, and ensuring profitability. They may categorize policyholders into risk groups to manage potential losses and to maintain actuarial fairness in the insurance market.
Explanation:Insurance Companies and Risk Assessment
In insurance, determining acceptable risks is the primary responsibility of underwriters within the insurance company. Underwriters assess various risk factors and decide whether to provide insurance to individuals or groups, and at what premium. Insurance companies aim to diversify risk across a large group of policyholders.
Premiums are generally set based on the expected value of the loss, plus an additional fee to ensure the insurance company's profitability. These premiums must cover policyholder claims, administrative costs, and allow for investment income earned on reserves, thus enabling the firm to generate profits. Insurers may organize individuals into risk groups, where each groupShares similar risks for certain adverse events based on factors like lifestyle, location, and personal habits.
Insurance markets rely on the ability of insurers to manage adverse selection, sometimes leading to situations where high-risk individuals are charged more or low-risk individuals are required to purchase insurance. Ultimately, the practice of categorizing risk groups must be balanced with actuarial fairness and considerations for government regulations in the insurance industry.
a period of time against which costs of the market basket in other periods will be compared in computing a price index is called
Answer:
Base period
Explanation:
The formula to compute the price index is shown below:
Price index = (Market price in a given year) ÷ (Price at the base period) × 100
Based on the market cost for the given period for computing the price index, the base period price is also needed without which the computation cannot be done. The formula is shown above.
The base period is generally used for comparison so that proper analyzes could be made
XYZ Development, Inc. leases commercial space to businesses. Most of the leases are long-term, from five to fifteen years in length and have fixed rents. XYZ's contracts contain a clause in which both parties agree to annual adjustments of rent based on tax increases and other operating costs. If the previous year did not see more than a five percent increase in these costs, there is no change in the rent. What is the clause?
A. Allowable Vacancy Rate Clause
B. Escalator Clause
C. Operating Costs Adjustment Clause
D. Periodic Tenancy Clause
Answer:
B. Escalator Clause
Explanation:
XYZ development acts as landlord to businesses, there is agreement that rent can change based on the level of tax. An escalator clause is a clause in any agreement that gives room for increase in prices under certain condition. If an agreement has got an escalator clause, if for instance the tax rate rises, then the prices rise proportionately. In this case of XYZ Development Inc., the escalator clause is in use. The correct answer is B.
the advantages of using a licensing strategy to participate in foreign markets include.
Answer:
The advantages of using license strategy are given below.
Well suited to acheive scale of economies.Its helps in charging lower price than rivals.Helps to achieve first-mover advantages quickly and easily.Less risky strategy as you do not need to invest heavily in capital in the form of machinery, land , building and e.t.cEasy do terminate operations as dis-investment is easy in this case.
Licensing strategy offers advantages such as high ROI, technological advancements through specialization, simplified development, and less government involvement.
Explanation:The advantages of using a licensing strategy to participate in foreign markets include:
Potential High ROI (Return on Investment): Licensing allows companies to earn royalties and licensing fees from their intellectual property without having to invest significant resources in manufacturing or marketing.
Increased specialization leading to technological advantages: When a company licenses its technology or expertise to a foreign partner, it can benefit from their specialized knowledge and resources, which can lead to technological advancements.
Simplified development strategy: Instead of setting up new operations in foreign markets, licensing allows companies to rapidly enter new markets and start generating revenue.
Less government involvement: Licensing can help companies avoid navigating complex government regulations and restrictions that may be present in foreign markets.
If 72 cupcakes must be divided equally among the students in a certain class, how many students are in the class?
(1) If the number of students is reduced by one-third, each student will receive 3 more cupcakes.
(2) If the number of cupcakes is doubled, each student will receive 12 cupcakes.
Answer:
Number of students will be 12
Explanation:
We have given total number of cupcakes = 72
Let total number of students = N
(A) Then cupcakes received by each individual [tex]=\frac{72}{N}[/tex]
Now according to question number of students are reduced by [tex]\frac{1}{3}[/tex], then cupcakes received by each individual students is reduced by 3
So new number of students [tex]=N-\frac{N}{3}=\frac{2N}{3}[/tex]
Now according to question [tex]\frac{72}{\frac{2N}{3}}=N-3[/tex]
[tex]=216=2N^2-6N[/tex]
[tex]2N^2-6N-216=0[/tex]
N = 12 and N = -9
As students can not be negative so N = 12
(B) Now according to second question
[tex]72\times 2=12N[/tex]
N = 12 students
A client was treated with methotrexate for cancer during the 6th month of her pregnancy. Which teratogenic effect may be seen in the child?
Answer:
Influenza
Explanation:
Influenza normally known as "this season's cold virus", is an irresistible infection brought about by a flu infection. Indications can be mellow to extreme.
The most widely recognized side effects include: high fever, runny nose, sore throat, muscle and joint torment, cerebral pain, hacking, and feeling tired.
This season's cold virus is brought about by flu infections that contaminate the nose, throat, and lungs. These infections spread when individuals with influenza hack, sniffle or talk, sending beads with the infection into the air and conceivably into the mouths or noses of individuals who are close by.
Exposure to methotrexate during pregnancy can cause teratogenic effects, including limb abnormalities in the child.
Explanation:Exposure to methotrexate during pregnancy can have teratogenic effects on the developing fetus. Methotrexate is a cytotoxic drug commonly used for cancer treatment, but it can cause a range of birth defects if taken during pregnancy. One teratogenic effect that may be seen in the child is limb abnormalities, similar to what was seen in babies born to mothers who took thalidomide during pregnancy. This can manifest as missing or shortened limbs, a condition known as phocomelia.
When there is excess demand in the loanable funds market, which of the following will occur?
When there is excess demand in the loanable funds market, interest rates typically rise. This happens due to lenders recognizing the opportunity to raise rates because of high demand. As interest rates rise, more people prefer to lend, reducing the gap between the supply and demand.
Explanation:
When there is excess demand in the loanable funds market, the borrowers are more than the lenders. This scenario often takes place when the interest rate is below the equilibrium. In such a situation, lenders or firms perceive that there is an opportunity to raise the interest rates due to high demand.
As an example, assume that the interest rate stands at 13%, the supply of the funds is $510 billion, while the demand stands at $700 billion. Here, there is an excess demand of $190 billion. As result, lenders can raise the interest rates to balance this supply and demand gap.
Remember, when the interest rate increases, it encourages more people to lend money, increasing the supply of loanable funds and simultaneously reducing the demand from borrowers who now find it expensive to borrow. As such, the market faces economic pressures causing the interest rate to creep up towards the equilibrium level.
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If a ppf has a negative slope and is bowed out, we experience ________ opportunity costs as we continue to move down and to the right along the curve.
Answer:
Explanation:
Production possibility frontier (ppf) is a graph which shows the existence of opportunity cost of moving from one combination of goods to another . Its slope is always negative and bowing out or downward sloping because opportunity costs always diminish or go down due to law of diminishing marginal return.
An MNC in a developing country is operating amidst severe space constraints, and the infrastructural conditions in the city are bad, causing a lot of lost man-hours. Anticipating rapid growth in the months to come, the company has created a recruitment plan based on its revenue expectations. However, it wants to manage this expansion without undertaking an expensive physical expansion. Which of the following could be a solution for the company?A) profit sharing
B) groupshifting
C) telecommuting
D) gainsharing
E) codetermining
Answer: Option C
Explanation: In simple words, telecommuting refers to the arrangement in which an employee of the organisation performer his or her job activities right from his or her home without going to a specified work place.
This is a modern times business technique which is used by organisations to save their costs like rent and travelling allowance to employees that they have to bear. Such arrangement is generally made for the jobs that requires no client dealings and have specified targets set.
Thus, from the above we can conclude that the company should go for telecommuting as it will save the man hours.
An unlicensed person engages in advertising that conveys the clear impression that he is a licensed real estate broker or is an officer or employee of a corporation who knowingly advertises a false statement concerning any land or subdivision. In this scenario, which of the following is not true?
A. The advertiser is subject to a fine.
B. The advertiser can be sentenced to up to a year in prison.
C. The person is breaking the law.
D. The advertiser must prove he was grandfathered in as a licensee.
Answer: D. The advertiser must prove he was grandfathered in as a licensee.
Explanation:
The person has engaged in a false statement and is also an unlicensed person. The question states which of the following is not true. Which means that the advertiser must prove he was grandfathered in as a license is untrue. All the other option is true. Grandfathered in means that the individual is still functioning in an old rule rather than the new one.
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?
A. 5 B. 1 C. 20 D. 10
Answer:
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?
D. 10
Explanation:
10% of $25, 000, 000= $2,500,000
Money multiplier in this economy is by 10
The money multiplier in this economy is 10. This is computed by taking the reciprocal of the bank's reserve requirement, in this case, 10%.
Explanation:In economics, the money multiplier is the amount of money that banks generate with each dollar of reserves. The money multiplier is calculated as the reciprocal of the reserve requirement. In this case, the bank holds 10% of deposits as reserves. Therefore, we compute the money multiplier as 1 / 0.10 = 10. This means that for every dollar deposited in the bank, the bank can loan out 10 times that amount. Therefore, the money multiplier in this economy is 10 (Option D).
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To keep enough cash on hand to meet depositors' demand for withdrawals, banks must engage in liquidity management.
A. True
B. False
We know that DVD players have seen a signifcant fall in price over recent years. We also know that this fall in price have been caused by significant decreases in the cost of producing DVD players. In terms of the supply and demand analysis this is explained by_________.
A. A shift to the left of the supply curve
B. A shift to the right of the supply curve
C. A movement along the supply curve to the left
D. A movement along the supply curve to the right
E. A shift to the right of the demand curve
Answer:
E. A shift to the right of the demand curve
Explanation:
Demand curve can shift to the right if income of consumers increase or price of commodity falls generally. In this case the price fell due to lower production cost. The scenario is broad enough to cause demand to shift to the right.
I recently saw an advertisement that said your company would give a 5% discount to anyone who enrolls in a payment plan. My monthly bill is $75. How much will i save if i enroll in the automatic payment plan
Answer:
3.75
Explanation:
we multiply 75 by 5%
5% can also be written as .05
When a person wants to save after enrolling in the automatic payment plan, the person can save up to 3.75.
What is the automatic payment plan?When funds are regularly transmitted on a certain date to pay a recurring expense, such as a mortgage, credit card, or utility bill, this is known as an automatic bill payment.
To pay their monthly expenses, people can set up automatic bill payments through their online bank account, brokerage, or mutual fund. With the handy option of "AutoPay," the person’s default credit card or bank account will be used to automatically pay the invoices each billing cycle on the due dates.
One won't have to worry about having to remember to pay on time and they will escape any late penalties.
Required calculations can be done by multiplying [tex]75[/tex] by [tex]5[/tex] ‰ or [tex]0.05[/tex],
[tex]75 \times 0.05 = 3.75[/tex]
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If the current price of a product is above the market equilibrium price, there is ________ of this product.
When the price of a product is above the market equilibrium price, there is a surplus of that product. This is because the supply of the product exceeds its demand.
Explanation:In the context of supply and demand, if the current price of a product is above the market equilibrium price, there is a surplus of this product. Market equilibrium is the price at which the quantity supplied equals the quantity demanded. If the price is set above this equilibrium point, the quantity supplied would exceed the quantity demanded causing a surplus. For example, if a shirt is priced at $20 and this is the equilibrium price, but the seller decides to increase the price to $25, fewer people will buy the shirts leading to a surplus supply of shirts remaining unsold.
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If the current product price is higher than market equilibrium, there is a surplus; this means producers are producing more than consumers want. It results in a producer surplus, where producers gain extra benefit by selling at a price above the base price they were willing to accept.
Explanation:If the current price of a product is above the market equilibrium price, there is a surplus of this product. In economic terms, a market is in equilibrium when the quantity supplied is equal to the quantity demanded. However, if the product is priced above the equilibrium price, then suppliers produce and are willing to sell more of the product than consumers are willing to buy, leading to an excess supply or surplus. This scenario results in producers realizing a producer surplus, which is the additional benefit gained by producers when the market price is greater than their base price. An example of this is when at a price of $45, firms are willing to supply 14 million units of a product but are able to charge a higher price of $80, thus gaining an extra benefit.
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Roberto Martinez is a marketing manager for Friendly Financial Services. He has been looking at a variety of factors, such as technological, socio-cultural and economic trends as well as competitive conditions. Martinez is confident that these factors will impact Friendly's future marketing success. His efforts are an example of:
Answer:
Environmental Scanning
Explanation:
Environmental scanning is the method of collecting information about activities within the internal and external environments of an entity and their relations.
As Roberto is looking at different factors in the company like, technological, socio-cultural and economic trends as well as competitive conditions, to groom the future of the company
The fundamental purpose of environmental scanning is to assist management in evaluating the organization's future direction.
On July 1, 2018, an interest payment date, $150,000 of Parks Co. bonds were converted into 3,000 shares of Parks Co. common stock each having a par value of $45 and a market value of $54. There is $6,000 unamortized discount on the bonds. Using the book value method, Parks would record:
Answer:
bonds payable 150,000 debit
discount on BP 6,000 credit
common stock 135,000 credit
additional paid-in 9,000 credit
--to record conversion of bonds into share--
Explanation:
We compare the carrying value of the bonds with the book value of the shares:
150,000 bonds converted into 3,000 shares
value of the bonds: 150,000 - 6,000 discount = 144,000
BOOK value of the common 3,000 x 45 = 135,000
additional paid-in 9,000
The use of simulation to create an aggregate plan:
a. will produce the best plan.
b. will produce a plan that may not be the best plan.
c. is the most widely used technique.
d. requires a minimum of four iterations to be accurate.
e. is easy to implement.
Answer:
Answer is option b i.e. will produce a plan that may not be the best plan.
Explanation:
Simulation is the technique used to create an artificial environment that is similar to the real-life situation to study various problems and how to tackle them. However, it is not the full proof plan which means it is based on certain probability and chances that a certain situation might arise. Many times situations are not as planned and here we cannot solely depend on the solution that we have learned during the simulation process. Therefore, the simulation will provide us with a plan that may or may not be the best plan.
Simulation in aggregate planning may not yield the best plan as it depends on assumptions and model parameters. While useful for predicting system dynamics, simulations are subject to limitations.
The use of simulation to create an aggregate plan will produce a plan that may not be the best plan. While simulation models are powerful tools that use computer algorithms to predict system dynamics and are particularly effective in visualizing and understanding complex systems, they are subject to the limitations of the assumptions and parameters set within them. Simulations can be cost-effectively used to model ecosystem dynamics and facilitate clinical decision-making, but they do not guarantee the best plan due to potential inaccuracies and oversimplifications. The effectiveness of simulation models depends significantly on the accuracy and completeness of the data and assumptions that inform them.
Companies that engineer products to customer specifications normally do not have _______________ as part of their supply chains.
Answer:
The answer would be B
Explanation:
Companies that engineer products to customer specifications normally do not have distribution centers as part of their supply chains.
It is standard procedure to reject a job offer during the interview so you do not waste the time of the interviewer.
A. True
B. False
Answer: False.
Explanation:
An interview is a meeting between an interviewer(s) and a job applicant, where the job applicant is asked questions on his capability to handle a particular job role.
If a job applicant is not interested in a job offer, he doesn't need to attend the interview even after invitation, the job applicant's absence in the interview would show lack of interest in the job offer.
Answer:
false
Explanation:
A bank's commitment (for a specified future period of time) to provide a firm with loans up to a given amount at an interest rate that is tied to a market interest rate is called
A) credit rationing.B) a line of credit.C) continuous dealings.D) none of the above.
Answer:
credit rationing
Explanation:
Credit rationing is a situation in which borrowers give out a fixed amount of loan to lenders for a specified time at a rate tied to the market interest rate. In this situation, loans do not exceed a certain amount from the borrower no matter what attractive offers are given by the lenders to be able to get a larger loan amount. This is done by the borrower becasue the borrower is earning maximum profits from interest rates and also is a means to maintain equilibrum between loan funds and loan demands.
Cheers.
During the past year, Arnold Inc.'s comparative balance sheet reported an increase in overall stockholders' equity of $43,500, a decrease in total liabilities of $17,200, and an increase in assets other than cash of $12,000. Consequently, Arnold, Inc. reported a(n) __________ in cash of ____________.
Answer:
increase in cash of $14,300
Explanation:
The question is related to basic accounting equation:
Assets = Liabilities + Owner's EquitySince we have to find increase or decrease in cash, we will break up Assets into two parts that are Other Assets and Cash.
Now the equation would look like this:
Other Assets + Cash = Liabilities + Owner's Equity$12,000 + Cash = -$17,200 + $43,500Cash = - $17,200 + $43,500 - $12000Cash = $14,300Notable points: Increase in Other Assets is shown by +$12,000
Decrease in Liabilities is shown by -$17,200
Increase in Owner's Equity is shown by +$43,500
End result is +$14,200 showing increase in Cash