The size of the multiplier which is applied to a change in AD is dependent upon the ________..
Answer:
Explanation:
The multiplier is calculated by two marginal decisions by firms and individuals. A firm can decide whether to save the revenue or to consume it, therefore there is marginal propensity to consume and marginal propensity to save as options for both firms and individuals. Therefore, the size of the multiplier which is applied to a change in AD is dependent upon size of the marginal propensity to consume and marginal propensity to save.
Your boss, Sam, has approved for you to conduct a usability test on your company’s website. Your next step is to design the test. All of the following are important for the test’s success EXCEPT:____________
Answer:
C) That the test asks users to accomplish a series of tasks.
Explanation:
True, the usability test on the company website should be brief and not time consuming. Therefore all other steps are relevant such as asking users to do one task.
Also making sure the test is specific by ensuring it is based on a common problem or question that the users have. And should put the more importantly it should put the user experience in mind in the design.
McArthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $ 25 comma 000 Surveys and legal fees 800 Land clearing 200 Fencing 9 comma 000 Install lighting and signage 14 comma 060 What amount should be recorded as the land improvements cost?
Answer:
$23,060
Explanation:
Land improvement cost comprises of cost spent on the upgrade of a given land and which are subject to wear and tear. They differ from the cost of the land itself which are not depreciable. Accounting rules require that land improvement costs are depreciated, whereas the cost of land itself is not depreciated.
In the given question, the cost of land include the cost of acquisition, survey and legal fees, and land clearing fees. These costs are necessary to acquire title on the land and make it ready for use.
Land improvement cost, on the other hand, include fencing and the cost of installing lighting and signage. This is because these items will depreciate and may need to be replace after some time.
Therefore, land improvement cost = cost of fencing + cost to install lighting and signage
=$9,000 + $14,060
= $23,060.
What is the role of "back office" teams (accounting, legal, etc.) in creating buyer personas?
a. Back office teams don’t need to be involved in creating buyer personas, but they should understand and accept the finished personas.
b. Back office teams often have key insights to offer during the creation process and should be invited to help create your buyer personas.
c. Back office teams should own the buyer persona creation process because they are less biased than customer-facing teams.
d. Back office teams shouldn’t be involved with buyer personas at all because they don’t interact with customers directly.
Answer:
B) Back office teams often have key insights to offer during the creation process and should be invited to help create your buyer personas.
Explanation:
A company's buyer persona is the representation of who your customers are and how they should react towards your product or service.
Theoretically, a company should represent their buyer personas based on marketing research and actual information about current customers, but this is not an exact science. The more information you can obtain that helps to better represent your customers, the better. Sometimes back office teams possess extremely relevant information about you r current customers that need to included in the process of constructing a buyer persona.
The importance of buyer personas is that a company needs to know who is their target market.
Mike is registering his real estate company. He has a license and all of his sales associates and broker associates have licenses. Why does the company need to be registered?
Answer:
If Mike was a real estate broker that wants to work independently, he can, but real estate agents cannot work independently, they must work for a real estate broker.
Since Mike works along with other sales associates and broker associates in a company, the company must be registered. All real estate companies must be registered in every single state that they do business in.
Receiving stolen property is a crime that applies only to those who sell stolen property for profit.
Answer: False
Explanation: If someone buys stolen goods they are just as guilty as the person who stole the goods. Moreover selling stolen goods at a profit doesn't make someone more guilty than the person who buys the goods. It is still a crime on both the person selling the goods and the person purchasing the goods, therefore harsh sentences can be given to both parties involved.
With the proliferation of data mining analysis due to scanner data with tens of thousands of records, online surveys that garner thousands of respondents, and other ways to capture very large samples, there is a very real danger of finding a great deal of statistical significance that is not meaningful. Even if differences are statistically significant and meaningful, they do not necessarily need to be stable.
A. True
B. False
Answer:
A) True
Explanation:
Not all information gathered is useful.
Big data analyzes huge amounts of information, more than any person could possibly handle by themselves, but that doesn't mean that all the processed information is useful. On the other hand, information that can be useful for one company may not be useful to another company.
The amount of processed information is not important, what is important are the insights that a company can obtain that will help them make better strategic decisions.
A planning budget based on a single predicted amount of sales or production volume is called a:
Answer:
Fixed budget
Explanation:
As the name suggests, the fixed budget is that budget in which the sales or production volume remains the same plus it is based on the planning budget.
This is also known as the static budget. The activity level remains constant plus it does not change in business fluctuations. All the items in this budget would remain same like - sales, sales commission criteria, and all other items
In a perfectly competitive market, the horizontal sum of all the individual firms' supply curves is ___________.
Answer:
Market supply curve
Explanation:
Market supply curve in a perfectly competitive is the sum of the individual firms. It is shown as the upward portion of the marginal cost curve that lies above the average variable cost curve. The movement along this curve shows the production of the firm.
The market supply curve represents the positive relationship between the price of the commodity and the quantity supplied of the commodity. This means that an increase in the price of the commodity will lead to an increase in the quantity supplied of that commodity.
Final answer:
In a perfectly competitive market, the horizontal sum of all individual firms' supply curves forms the market supply curve, which indicates the total quantity supplied at various price levels.
Explanation:
In a perfectly competitive market, the horizontal sum of all the individual firms' supply curves represents the market supply curve. This is because each firm is a price taker and can sell as much of the good as it wishes at the going market price. Therefore, at any given price level, the total quantity supplied by the market is the sum of the quantities supplied by all the individual firms. To obtain the market supply curve, you simply add up the quantities supplied by all the firms at each price level, which can be visually represented as horizontally summing their supply curves.
This coherent aggregation reflects the fact that in a perfectly competitive market, firms are reacting to the same price signals and independently adjusting their output, and as a result, the market's overall supply behavior can be described by combining their individual supply decisions.
Mary Ellen works at Hershey in the marketing department. Recently, Hershey developed a new chocolate bar that the company is excited about. Mary Ellen's job is to try to increase awareness of the product, get people to try it, and obtain desirable distribution at retail stores. Which consumer sales promotion method should Mary Ellen select based on these criteria?
Answer:
Free Samples
Explanation:
The consumer sales promotion method that Mary Ellen should select based on these criteria is the free samples method.
Free samples method uses small quantities or few units of the new product of Hershey, as give-away; trying to lure people into trying it by way of product testing. This can be done by placing them in a tray in supermarkets and malls OR delivered door to door. They can also be attached to another existing well-known product, by way of 'bundle pricing'.
By so doing the awareness for the new chocolate will be created
Chloe talked to several stockbrokers and made the following conclusions. Which, if any, of Chloe's conclusions are correct? A. It is relatively easy to reduce firm-specific risk by increasing the number of companies one holds stock in. B. Some people have made a lot of money in the stock market by using insider information, but these cases are not contrary to the efficient markets hypothesis. C. Stock prices, even if not exactly a random walk, are very close to it. D. All of Chloe's conclusions are correct.
Answer: D
Explanation:
All of Chloe's conclusions are correct. These conclusions are true concerning all stock brokers
Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, suppose the price of a movie ticket is $5. 15. Refer to Scenario 12-2. Suppose the government levies a tax of $3 on a movie ticket and that, as a result, the price of a movie ticket increases to $8. What is total consumer surplus after the tax is imposed?
Answer:
$1
Explanation:
We can use the simple consumer surplus formula:
Consumer surplus = Maximum Price Willing to Pay - Actual Price
For Bob
Consumer Surplus = $10 - $8
= $2
For Lisa
Consumer Surplus = $7-8
= $-1
So, the total consumer surplus is $1
The employees of Vintage Clothes achieved all of the sales goals for 2017. Vintage decides to reward the employees with a bonus of 20% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $312,000. What is the amount of the bonus? (Round your final answer to the nearest dollar.)
Answer:
$52,000
Explanation:
Bonus is 20% on annual net income, after deducting the bonus.
Let the annual income after deducting bonus be g
Then,
Bonus = 20% of g
= 0.2g
Annual income before bonus = annual income after bonus + bonus
312,000 = g + 0.2g
g = 312000/1.2
g = $260,000
Bonus = 0.2g
= 0.2 × 260,000
= $52,000
A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will make a binding determination regarding the matter. This type of settlement is called___________.
Answer:
Arbitration
Explanation:
Based on the information provided within the question it can be said that this type of settlement is called Arbitration. This term refers to a form of resolving disputes outside of the court system by bringing in a third party who will render an "arbitration award" that will make a binding determination on the dispute. Which is completely enforceable in the courts.
Arbitration is a type of settlement where a third party makes a binding determination in a dispute between a buyer and seller. It is an alternative to court and involves an arbitrator listening to both sides and making a decision.
Explanation:The type of settlement where a buyer and seller agree to submit their dispute to a third party who will make a binding determination is called arbitration. Arbitration is a form of alternative dispute resolution that avoids negotiation and meetings between the parties.
In arbitration, the third party, called an arbitrator, listens to both sides of the dispute and makes a decision that is legally binding. This process is often used as an alternative to going to court and can be less time-consuming and expensive.
During the current year, the Guileman Manufacturing Company signed a noncancelable contract to purchase 1,000 lbs. of a raw material at $32 per lb. during the forthcoming year. On December 31, the market price of the raw material is $26 per lb., and the selling price of the finished product is expected to decline accordingly. The financial statements prepared for the year should report...A. An appropriation of retained earnings for $6,000.B. A loss of $6,000 in the income statement.C. Nothing regarding this matter.D. A note describing the expected loss on the purchase commitment.
Answer:
B) A loss of $6,000 in the income statement.
Explanation:
The appropriate journal entry should be:
December 31 (recognition of loss on purchase commitments)
Dr Loss on Purchase Commitments account 6,000Cr Accrued Loss on Purchase Commitments account 6,000Since the price of raw materials lowered by $6,000, the company lost money on its purchase commitments:
Purchase commitments loss = contracted price - market value = $32,000 - $26,000 = $6,000
The loss on purchase commitments is an expense, and accrued loss on purchase commitments is a liability.
If for a certain economy the growth rate of the money supply is _____ percent, the growth rate of the velocity of money is 0.5 percent, the rate of inflation is 2.5 percent, and the real growth rate is 2 percent, then the quantity theory of money holds
Answer:
Explanation:
MV=PT
M=2.5*2/.5
M=10
Lisa surveyed a sample group of people. Based on her survey, Lisa suggested to her company that they develop a customizable travel application for mobile devices. The application will help users to track their favorite baseball team as they play across the nation and to book game tickets and hotels in that area. Which stage of the consumer buying process has Lisa targeted here?
A. choice and purchase
B. search for information
C. purchase evaluation
D. need recognition
E. ad analysis
Answer:
Search for information
Explanation:
By definition
Search for information: At the second stage, consumers try to recollect information they already know, such as the name of the best restaurant they have been to, or they search for information from various sources, such as friends, ads in newspapers, the Internet, etc. At this stage, advertising directly influences a consumer’s buying process by providing the needed information and ensuring they have brand recall about products they know will be a good fit for them.
When the CPI increases from 200 in 2016 to 210 in 2017 and the nominal wage rate is constant at $10 an hour, the real wage rate _______.
Answer:
Decrease by 5%
Explanation:
Data provided in the question:
CPI in 2016 = 200
CPI in 2017 = 210
Constant wage rate = $10 an hour
Now,
CPI change during the period = [ CPI in 2016 ÷ CPI in 2017 ] × 100%
= [ 200 ÷ 210 ] × 100%
= 95.23% ≈ 95%
Hence,
The the real wage rate will decrease by (100% - 95%) i.e 5%
In an attempt to expand viewership of the television show Mystery Science Theater 3000 in its early days, the producers encouraged viewers to make copies of the show on video tapes and give them to friends. The closing credits included the words "Keep circulating the tapes!" This is an example of:
Answer:
a. guerilla marketing
Explanation:
Based on the information provided within the question it can be said that this is an example of guerilla marketing. This type of marketing is when company's use creative tactics or unconventional methodology in order to garner attention towards it's product or service. Such examples may include viral videos and publicity stunts.
Branding efforts rely on simple images, icons, logos, words, and brief taglines to communicate enormous amounts of meaning about the organization or its products and services. The meaning depends on context. Branding magic happens when communication strategists successfully align an organization's actions, communication, and culture with the cultural contexts of key publics. This type of branding context is the application of ___________.
Answer:
low-context communication
Explanation:
Low-context communication cultures are those that communicate information in direct, explicit, and precise ways.
It is low-context since branding efforts rely on simple images, icons, logos, words, and brief taglines to communicate enormous amounts of meaning about the organization or its products and services
Europes population fell by 30-60 percent following an outbrake of the bubonic plague, also known as the black death in the fourteenth century asw a result, europes production possibilities curve would__________.
Answer:
The production possibilities curve would have shifted inwards.
Explanation:
A production possibility curve shows the maximum possible bundles of two goods that can be produced in an economy in a given period. A reduction in the availability of resources causes this curve to shift to the left.
The outbreak of bubonic plague in the 14th century caused the European population to decrease by 30-60%. A decrease in the population implies a decrease in the labor force. This means that the economies will be able to produce less than earlier.
This will cause the production possibilities curve to shift inwards to the left.
Under the Uniform Securities Act, an investment adviser may be formed as which of the following?
I Corporation
II Partnership
III Association
IV Broker-dealer
A. I and II
B. III and IV
C. I, II, III
D. I, II, III, IV
Answer:
C) I, II, III
Explanation:
Investment advisers and broker-dealers can be formed as a corporation, partnership, an association, even a sole proprietorship, etc.
But investment advisors cannot be formed as broker-dealers, nor broker-dealers can be formed as investment advisors. Investment advisors and broker-dealers are separate entities, and they are regulated separately.
Equipment was purchased at a cost of $78,000. The equipment had an estimated useful life of five years and a residual value of $3,000. Assuming the equipment was sold at the end of Year 4 for $8,000, determine the gain or loss on the sale of equipment. (Assume the straight-line depreciation method.)
Answer:
Loss of $7,000
Explanation:
Data provided in the question:
Purchasing cost = $78,000
Residual value = $3,000
Useful life = 5 years
Selling cost = $8,000
Now,
Annual depreciation = [ Cost - Residual value ] ÷ Useful life
= [ $78,000 - $3,000 ] ÷ 5
= $75,000 ÷ 5
= $15,000
Therefore,
Accumulated depreciation of 4 years = 4 × Rate of depreciation
= 4 × $15,000
= $60,000
Therefore,
Book value at the end of 4 year = Cost - Accumulated depreciation
= $75,000 - $60,000
= $15,000
Since,
Book value at the end of 4 year is greater than the selling cost
therefore,
there is loss = Book value - Selling cost
= $15,000 - $8,000
= $7,000
Hence,
Loss of $7,000
Technical standards in high-technology industries are:
a. general guidelines proposed by industry leaders.
b. specifications that producers adhere to when making a product or a component of it.
c. product features desired by consumers.
d. product specifications imposed by the federal government.
e. specifications developed by each producing company for its own products and product components.
Sofie and the members of her homeowner's association have homeowner's policies on their coastal dwellings. They have heard that there are 11 named hurricane storms predicted for their coastal area this year. Sofie and the homeowner association members plan to increase their homeowner's property coverage limits to handle their concern about the possible hurricane damage. Their action is known as
Choose one answer.
A. Managing the book of business.
B. Adverse selection.
C. Misclassification.
D. Increasing capacity.
Answer:
(B). Adverse selection.
Explanation:
Adverse selection in insurance occurs when customers obtain insurance coverage based on certain information they possess about a potential risk, which the insurance company is usually not aware of. For example a person who does a dangerous job may want to purchase a disability insurance.
Sofie and the members of her homeowner's association, looking to increase their homeowner's property coverage limits, due to information they have about possible hurricane storms in the area, is an example of adverse selection.
Which should be required by a company to mitigate the impact of a custom piece of software being installed by a vendor in case the vendor later goes out of business?
Answer:
Correct control of operational risk related with customized software piece is creating a guarantee of the capacity to replicate the custom piece in case of future problems.
Explanation:
In this case, if it is considered that the custom software piece is too specific for the company, a negotiation with the vendor establishing the company ownership and development of the custom software in control of the company is critical
Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.
A. True
B. False
Answer:
The correct answer is A.true.
Explanation:
Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.
As per financial accounting standards fixed assets cost is capitalized and than depreciated over its useful life. Only that amount of asset cost is charged in profit and loss account that has been depreciated during the reporting period. However, in case of other routine expenses full amount is charged in p/l, in the period, in which these costs are incurred.
ABC Farm Supplies has adopted policies and procedures designed to eliminate non-discriminatory practices in hiring and promoting employees who come from previously disadvantaged groups. Which term refers to ABC’s active effort to recruit, hire and promote people from disadvantaged particular groups?
Answer:
Affirmative action
Explanation:
This is a term that describes effort or action to recruit disadvantaged groups or groups previously excluded. This is also used to ensure gender balancing in organisations. Some organisations consciously seek to fill up top positions at their board with women. The Beijing conference on women empowerment sought for increased women participation in key decision positions.
ABC effort can be described as an Affirmative action towards recruiting a group that was previously disadvantaged or discriminated upon previously.
If you were to purchase a capital appreciation bond from the local school district, how would your investment be paid back?
Answer:
principal and interest payments upon bond maturity.
Explanation:
Based on the information provided within the question it can be said that your investment would be payed back on principal and interest payments upon bond maturity. A capital appreciation bond is a municipal security which is reinvested at a stated rate, and once the maturity date is reach, only then can it be redeemed for it's face value plus all of the accrued interest. These bonds usually take between 10-20 years to mature.
The multiplier effect of fiscal policy predicts that an increase in government spending of $150 billion will increase total income by $750.00 billion if the marginal propensity to consume is 0.80.
If we account for crowding-out, then the increase in aggregate demand will be:
A. more than $750.00 billion.
B. less than $750.00 billion.
C. exactly $750.00 billion.
D. none of these
Answer:
B) less than $750.00 billion.
Explanation:
Crowding-out refers to a situation where private consumption and investment are lowered because government spending uses available financial resources and increases interest rates.
Crowding-out is the result of a government having to borrow money or increase taxes in order to increase spending.