Answer:
E. Forming
Explanation:
It was Bruce Tuckman who formulated model of team stage as Forming, Storming, Norming, and Performing. During Forming stage, team members struggle to establish basic rules and explore the sort of behaviors that are acceptable. The team also tries to find out performance expectations. From stranger to a collective group, the team tries to recognize each other. In case of Tom's project team, members show different behaviors in order to establish personal relations.
Answer:
forming
Explanation:
it is the initial step that need to be execute to have good formation of business team. it is the stage in which every individual contact to each other to know about their expectation, their way of taking challenges.
it is that key step that only who mark the footpath for successful organisation. it can also refer as information gathering stage where all information that is needed to pull organisation to the next level is collected
A hamburger costs $8 in the United States and ¥960 in Japan. The nominal exchange rate is ¥110 per dollar. The inflation rates in the United States and in Japan are 2% and 4%, respectively. The purchasing power parity is _____ per dollar.
Answer:
122.4
Explanation:
The formula for calculating purchasing power parity is given below:
Exchange rate for the Purchasing power parity can be calculated using the below formula:
960/8=120¥ per $
ST = S0 × (1 + if/ 1 + id)
ST = Estimated spot rate at end of period
S0 = Current spot rate
if = period inflation rate in foreign currency
id = period inflation rate in domestic currency
ST=120 x (1+4%/1+2%)
=120 x (1.04/1.02)
=120 x 1.02
=122.4 ¥ per dollar
Mr. Johnson is looking at Medicare Supplement policies. These policies are designed primarily to:________A. Provide benefits not covered by Medicare.B. Provide supplement retirement benefits.C. Provide additional disability coverage.D. Offset Medicare costs.
Answer:
the correct answer is A
Explanation:
Mr. Johnson is looking at Medicare Supplement policies. These policies are designed primarily to Provide benefits not covered by Medicare
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3. Transfer Agent4. Register
Answer:
The correct answer is 3
Explanation:
Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.
So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.
Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August 2007. Which of the following is a likely result of this increase in financial frictions? A. The AD curve likely did not shift B. B. The AD curve likely shifted left which caused an upward movement along the MP curve to a higher general equilibrium interest rate C. The AD curve likely shifted left which caused a positive inflation gap D. The AD curve likely shifted left which caused a negative output gap E. none of the above
Answer:
A. the AD curve likely did not shift B
Explanation:
Defaults on subprime mortgages hurts autonomous consumption levels for borrowers, which causes the IS and AD curves to shift left. These defaults also likely increased financial frictions as lending institutions would charge higher real interest rates to protect themselves from the increased default risk.
You want to make payment at the website of a merchant who uses NFC. Which NFC operating mode should you use?
Answer:
Near field communication card emulation mode
Explanation:
Near field communication (NFC) is a wireless technology that uses radio frequency (RF) signals.
Near field communication devices can operate in three kind of modes:
Near field communication card emulation mode - this mode lets the device act as a smart card. This is useful for making payments at the site of a merchant who uses Near field communication.
Near field communication reader/writer mode - this mode allows the device to read information stored in an Near field communication tag on a label or poster.
Near field communication peer-to-peer mode - this mode allows for ad hoc data transfer between two Near field communication enabled devices.
On March 1, 2018, Mandy Services issued a 9% long-term notes payable for $15,000. It is payable over a 3 - year term in $5,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one -year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O
A. $5,675
B. $6,350
C. $15,000
D. $5,000
Answer:
Correct option is (B)
Explanation:
Given:
Principal amount = $15,000
Interest rate = 9% or 0.09
Maturity = 3 years
Every year Mandy Services make payment of $5,000 of principal amount and interest accrued in the previous year. In 2019, Interest accrued for 2018 would be:
Interest = Principal × rate × time
= 15,000 × 0.09 × 1
= $1,350
Total payment made by Mandy in 2019 = 5,000 + 1,350
= $6,350
Lancaster salesperson Jamie Dafe has begun to branch out into mortgage brokering. She continues to show homes to clients, but hasn't been actively seeking out new listings. Instead, she acts as a loan broker by buying, selling, or exchanging loans. Which of the following statements applies to Jamie's current situation?A. Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.B. Jamie may act as a loan broker without receiving any special license, other than her active California real estate broker's license, as long as she follows the stipulations set forth under the Mortgage Loan Broker Law, under Article 7 of the California Business and Professions Code.C. In California, a licensed real estate broker MAY assist the buyer in filling out the loan application for a financial institution, but may NOT arrange for financing for the buyer, or broker loans herself. In Jamie's situation, she is acting out of the realm of her real estate broker's license, and can face monetary damages and/or prison time for violating the California Financial Code AND the California Businessand Professions Code, Article 5.D. In California, anyone who wishes to sell, buy, or exchange loans, must meet two requirements: (1) The person must be licensed as a real estate salesperson or broker in California; and (2) The person must first obtain a Commissioner's Permit to Broker Loans. Jamie needs to fulfill this second requirement before she may legally broker loans in California, under Article 5 of the California Business and Professions Code, which is known as the Mortgage Loan Broker Law.
Jamie Dafe, transitioning into mortgage brokering from being a salesperson, needs to obtain a proper license as per the Mortgage Loan Broker Law under Article 7 of the California Business and Professions Code.
Explanation:Based on the given information, statement A applies to Jamie's current situation. As per the Mortgage Loan Broker Law, stipulated under Article 7 of the California Business and Professions Code, Jamie may not act as a loan broker unless she is duly licensed as one. Jamie being a salesperson shifting into mortgage brokering, needs to acquire the proper license to legally act as a loan broker. Similarly, her existing license as a California real estate broker doesn't empower her to operate as a loan broker without the necessary additional license.
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When the price of product A rises, the quantity of product B that is purchased decreases. Products A and B are:__________
Answer:
They are Complimentary Goods.
Explanation:
Complimentary goods are defined in economics as products that whose use is related to the use of an associated or paired good.
i.e.: Like Cars and Petroleum
When the price is increase in one product, then the quantity demand for that product decreases. This in tern affects the other related product and the quantity demand of that related product falls as well.
Answer: Product A and B are complimentary Goods .
Explanation: Complimentary Goods are a part of 'Price of related goods' factor affecting demand , among the 4 factors - Price of good , Price of related goods (substitute & complimentary) , Income , Taste preferences
These are goods which are jointly demanded . Eg Inverter & Battery .
These goods price & demand have inverse relationship implying price rise of one good leads to fall in other good demand , price fall of one good leads to rise in other good demand .
This happens because price of one good rise leads to fall in its demand (price demand inverse relationship as per law of demand) , which subsequently reduces the demand for its complement good also as both are used jointly .
Similarly , price fall of good reduces its own as well as its complement good demand.
Eg Price rise of petrol can lead to a reduction in demand of cars .
A sales associate, while working for the broker, acquired a listing for $350,000 at a 6% commission rate. A second sales associate, who works for another brokerage office, found the buyer for the property. The listing and selling brokers agree to a 50-50 split between the two offices. The property sold for the listed price. The selling broker kept 55% of the commission received by the selling office. How much did the selling office sales associate receive?
Answer:
$ 4, 725
Explanation:
Each broker get 50% of (6/100 x$350,000)
i.e. =50% (0.06 x $350,000)
= $ 21,000/2
=$10,500
Broker kept 55% meaning the office got 45 %
= 45/100 x $ 10,500
= $ 4, 725
The selling office sales associate received $2,887.50 from the commission.
Explanation:The selling office sales associate received $3,675. Here's how the calculation is done:
The total commission is calculated as 6% of the listing price: $350,000 x 6% = $21,000.
The commission is split equally between the two brokerage offices, so each office receives $21,000 / 2 = $10,500.
From the selling office's commission ($10,500), the selling broker keeps 55%, which is $10,500 x 55% = $5,775.
The remaining amount is split between the sales associates in the selling office. In this case, it's a 50-50 split, so each sales associate receives $5,775 / 2 = $2,887.50.
Therefore, the selling office sales associate received $2,887.50.
if Dawn's disposable income increases from $30,000 to $35,000 what is his marginal propensity to consume if he spends $4,000 of the increase on consumer products?
Answer:
Marginal Propensity to Consume = 0.8
Explanation:
Marginal propensity to consume (MPC) exhibits consumer's spending behavior as to what percentage of extra dollar is spent from extra dollar of income.
MPC is calculated as Increase in consumption divided by increase in income.
MPC: Increase in consumption / increase in income: 4,000 / 5,000
MPC = 0.8
21.1 Answering employee questions and supporting, coordinating, and controlling end user computing is the res A. user acceptance and support center. B. customer service center. C. help desk. D. user stories desk.
Answer: help desk
Explanation: A help desk is a tool designed to provide support and advice for the products and services of a business or organization to the client or end-user.
Normally, the object of a help desk is to solve issues or provide advice on items along with computers, electronic equipment, food, clothes, or software.
In-house support desks are also designed to assist workers. These in-house desks records and evaluates the complains and issue of employees and are responsible for providing the relevant information from such employees to the top management.
______________ believe that there is only a small amount of crowding-out if any at all..
Answer:
Keynesian
Explanation:
Keynesian is one of the famous economists who have written various macroeconomic theories. According to Keynesian, government intervention is essential to boost economic growth and to increase development work in a country. Similarly, Keynesian believed that government intervention leads to a small amount of crowding out if any at all which means that government intervention affects the market.
If a company has a capital structure of $5,000,000 common stock with a cost of 17%, $2,000,000 bonds at 4%, $1,000,000 of short term debt with a cost of 7%, and $2,000,000 preferred stock with a cost of 3%, what is the weighted average cost of Capital?
Answer:
Explanation:
Weighted Average Cost of Capital; formula is as follows;
WACC = wE*re + wP*wp + wD*rd(1-tax)
where w= weight of...
r = cost of ...
E= common equity
P = preferred stock
D = Debt
Find the weights of each source of capital;
WACC = (0.50*0.17) +(0.20*0.03) + [0.20*0.04(1-0.40)] +[0.10*0.07(1-0.40)]
WACC = 0.085 +0.006 + 0.0048 + 0.0042
WACC = 0.1 or 10%
Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Quinn to fulfill the contract for less than $5,000 per ton. Quinn's best defense against performing the contract would be thata. procuring the steel would force Quinn into bankruptcy.b. the law has rendered performance of the contract illegal.c. performance of the contract is commercially impracticable.d. the specific subject matter of the contract has been destroyed.
Answer:
C) performance of the contract is commercially impracticable.
Explanation:
Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.
Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.
In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.
Quinn's best defense against performing the contract due to an unforeseen shortage of scrap steel is claiming that performance has become commercially impracticable. Thus, the correct option is c.
Under contract law, an excuse for non-performance can be made if an unforeseen event significantly increases the cost of performance to the point where the contract becomes commercially impracticable.
This is typically covered under the legal doctrine of commercial impracticability, which relieves a party from their contractual obligations if performing the contract has become extremely difficult or unusually expensive due to unforeseen events.
In this case, the unexpected shortage of scrap steel making the cost jump from $500 to $5,000 per ton makes fulfilling the contract commercially impracticable for Quinn.
On December 31, a company has the following bank accounts and corresponding cash balances:California BankOperating – Summit Ridge ($400,000)Operating – Bakersville 300,000Operating – Smithville 50,000Savings 500,000Sedona BankChecking ($375,000)How should the company report the above bank account balances in the balance sheet at December 31?A. Cash of $75,000.B. Cash of $450,000 and a liability of $375,000.C. Cash of $850,000 and a liability of $775,000.D. Cash of $800,000 and a liability of $725,000.
Final answer:
The company should report a total cash balance of $1,250,000 on its balance sheet, and after deducting the Sedona Bank Checking account overdraft of $375,000, the net cash reported would be $875,000. None of the options provided (A, B, C, or D) are correct based on the calculation of the account balances provided.
Explanation:
On a company's balance sheet at December 31, the company should report the total cash balances from all of its bank accounts in one combined amount, not including any overdrafts or liabilities. The balances in the company's California Bank accounts (Operating - Summit Ridge, Operating - Bakersville, Operating - Smithville, Savings) and its Sedona Bank Checking account should be totaled without regard to whether they are in checking or savings form. The correct way to report the cash balances is to add all the positive cash balances together:
California Bank Operating - Summit Ridge: $400,000
California Bank Operating - Bakersville: $300,000
California Bank Operating - Smithville: $50,000
California Bank Savings: $500,000
Sedona Bank Checking: ($375,000) [This is a liability and not added to the cash]
Adding these together: $400,000 + $300,000 + $50,000 + $500,000 = $1,250,000 in positive cash balances. Therefore the correct presentation on the balance sheet is:
Cash: $1,250,000
Less: Overdraft: $375,000
This results in net cash of $875,000. None of the provided responses (A, B, C, or D) are correct, as, based on the information given, the actual reporting should be cash of $875,000 (without any additional liability since the overdraft has been already deducted from the total cash).
On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, for 200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:
June 19 July 19
Spot rate $.988 $.995
30-day forward rate .990 1.000
What amount should Don record on June 19 as an account receivable for its sale to Cologne?
a. $197,600
b. $198,000
c. $199,000
d. $200,000
Answer: $197,600
Explanation: Don Co is making a sale to Cologne GmbH and on the date of the transaction there is an exchange rate called the spot rate. Don Co will record in its books the value of the transaction on the set date at the spot rate which is:
200,000 euros @ .988
= $197,600
on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,000@ .995 = $199,000
Note that on the payment date, the exchange rate has gone up and now Don Co has a higher receivable value that what is in its book.
the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.
Which of the following HR activities is similar to analyzing a job that does not yet exist?
A. Human resource planning
B. Performance appraisal
C. Job evaluation
D.Work redesign
E. Selection
Answer: Work redesign
Explanation:
Work redesign is the process by which a job analyst accesses an already existing job role to check for modifications that can be carried out on that job role to increase job effectiveness. The job modifications could be in the form of: searching for a best fit for a job role, improvements in working conditions, adjusting the job description.
Therefore work redesign is a way of analysing a job role that doesn't exist at the moment, but if redesigned could be very effective.
Alex wrecked his car and received $22,000 from the insurance company to replace it. His basis in the car was $20,000 and he spent $15,000 on a replacement vehicle. What is the amount of the recognized gain?
Answer:
$2,000
Explanation:
The recognized gain is computed below:
Recognized gain = Received amount from the insurance company - Alex basis in car value
= $22,000 - $20,000
= $2,000
The recognized gain shows a difference between the received amount and his basis in car
The other information which is mentioned is ignored as it is not relevant for the computation part
When a customer deposits currency in a bank, the Cash Account (an Asset account) increases for the bank, but the Checkable Deposit Account (a ________________ account) of the bank also increases to "balance the books".
Answer: Liability account
Explanation:
This is a case of looking it from bank's point of view or from the books of the bank.
Customer has deposited their money in the bank. For a certain fee. The money is secured by the bank and can be withdrawn by the customer anytime they want to. Hence cash is increased but it is still a liability for the bank since they do not have a claim to that money. It's the customers assets they are securing.
A limit on the amount of a good that can be brought in from another country for sale
Answer:
Quota
Explanation:
A quota is a trade limitation imposed by the state that reduces the number or monetary price of goods which a country may import or export over a given time period.
Countries use international trade quotas to help control trading volumes between them and the other countries.
Countries often place specific products on them in order to decrease imports and increase domestic manufacturing. In principle, by limiting foreign competition, quotas raise domestic production.
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2019. Regarding the date of record, which of the following statements is true?
Answer:
When a dividend payment is recorded (November 15, 2019), no journal entry should be made.
Explanation:
When a dividend is declared, liability must be recorded for the total amount of the dividends and retained earnings must decrease. The journal entry should be:
November 1, 2019 .- dividend declaration ($3 per common share)
Dr Retained Earnings account 30,000Cr Dividends Payable account 30,000When the dividends are distributed, the journal entry should be as follows:
November 30, 2019 .- dividend distribution
Dr Dividends Payable account 30,000Cr Cash account 30,000Which of the following options is important to research when planning to expand delivery of products and services to customers across the globe?
A. What times of the day international shoppers are online
B. The legal and tax considerations in that market
C. Which social channels are popular in that market
D. Which couriers offer the cheapest services for global shipping
Answer:
The correct answer is: "B. The legal and tax considerations in that market".
Explanation:
When a company wants to expand its delivery of products across the world, it is important to research all countries the company wants to reach, which includes the legal and tax considerations of all these different places. Each country has its own norms and functioning of taxes depending on products and the amount of them. This means that the company must research very well which places fit its planning of expansion for providing customers with the right informations and pricing. The other options may be important, but they do not apply to the question because they are important for the whole process of delivery, whether it is local or global.
Researching the legal and tax implications, understanding the popular social channels, and evaluating courier services are crucial steps when expanding product and service delivery globally.
Explanation:When planning to expand delivery of products and services globally, it's essential to research various factors that can significantly impact the venture's success. Among the options provided, the most crucial ones to consider are:
The legal and tax considerations in the market you're expanding to. Different countries have varying regulations, tax structures, and compliance requirements that could affect how you conduct business.Which social channels are popular in that market. It's important to understand where your target customers are and how to best engage with them.Which couriers offer the best services for global shipping, not just the cheapest. Reliability, coverage, and cost-effectiveness are key to ensuring your products reach customers in a timely and satisfactory manner.Factors such as the time when international shoppers are online may also be relevant but are less critical than legal, social channel, and courier considerations.
The company formerly known as the Columbia Phonography Company was bought by what business owner whose developments in news programming and entertainment helped the company surpass NBC as the highest-rated radio network?
Answer:
William S. Paley
Explanation:
Paley bought Columbia Phonograph Company in 1929, and changed its name to Columbia Broadcasting System (later CBS Inc.). Initially CBS had 25 radio networks in the air and it entered the television network business in 1941. Eventually CBS became one of the largest American broadcast television networks.
A rectangular box has a volume of $4320$ cubic inches and a surface area of $1704$ square inches. The sum of the lengths of its $12$ edges is $208$ inches. What would be the volume of the box, in cubic inches, if its length, width and height were each increased by one inch?
Answer:
the volume would be V₂ = 5225 in³
Explanation:
denoting w as width , L as length and h as height , then the volume of the box will be
V = w*h*L
the surface area will be
S= 2*w*h + 2*w*L + 2*h*L→ S/2 = w*h +w*L + h*L
and the sum of the lengths TL will be
TL = 4*h + 4*L + 4*w → TL/4 = w + h + L
if the dimensions would increase 1 unit , the volume would be
V₂ = (w+1)*(h+1)*(L+1) = w*h*L + w*h+ wL +w + hL + h + L +1 = w*h*L + (w*h+ wL+hL) + (w+h+L) + 1 = V + S/2 + TL/4 +1
V₂ = V + S/2 + TL/4 +1 = 4320 in³ + 1704 in²/2 *1 in + 208 in/4 * 1 in² +1* 1 in³ = 5225 in³
V₂ = 5225 in³
Answer:
the volume would be V₂ = 5225 in³
Explanation:
I took the test
You are climbing a stair case. It takes n steps to reach to the top. Each time you can either climb 1 or 2 steps. In how many distinct ways can you climb to the top?
Final answer:
The problem of finding the number of distinct ways to climb a staircase with 1 or 2 steps at a time is solved by using the Fibonacci sequence. The total number of ways W(n) is the sum of the ways to climb to the previous two steps, W(n-1) and W(n-2).
Explanation:
The student's question involves finding the number of distinct ways one can climb to the top of a staircase by taking 1 or 2 steps at a time. This is a classic problem that can be approached using combinatorics, specifically the Fibonacci sequence.
Let us denote the number of ways to climb a staircase of n steps as W(n). For the base cases: W(1) = 1 (only one way to climb one step) and W(2) = 2 (either two single steps or one double step).
To get to step n, one could either come from step n-1 (by taking one step) or from step n-2 (by taking two steps). Hence, the number of ways to reach step n is the sum of the ways to reach steps n-1 and n-2. Mathematically, this can be expressed as W(n) = W(n-1) + W(n-2).
Therefore, to find W(n) for any n, one would start at the base cases and work upwards until reaching W(n).
Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. b. What is the growth rate of real GDP per capita?
Answer:
growth rate of real GDP = 4%
Growth rate of real GDP per capita = 1.96 %
Explanation:
given data
economy’s real GDP year 1 = $30,000
economy’s real GDP year 2 = $31,200
to find out
growth rate of its real GDP and growth rate of real GDP per capita
solution
we get here growth rate of real GDP that is express as =
growth rate = (real GDP year 2 - real GDP year 1) ÷ real GDP year1 ......................1
put here value we get
growth rate of real GDP = [tex]\frac{31200-30000}{30000}[/tex]
growth rate of real GDP = 4%
and
now we get first real GDP per capita that is express as
real GDP per capita = [tex]\frac{GDP}{population}[/tex] ..........2
real GDP per capita year 1 = [tex]\frac{30000}{100}[/tex]
real GDP per capita year 1 = 300
and
real GDP per capita year 2 = [tex]\frac{31200}{102}[/tex]
real GDP per capita year 2 = 305.882
so now Growth rate of real GDP per capita will be as
Growth rate of real GDP per capita = ( real GDP per capita year 2 - real GDP per capita year 1 ) ÷ real GDP per capita year 1 ............3
put here value we get
Growth rate of real GDP per capita = [tex]\frac{305.882-300}{300}[/tex]
Growth rate of real GDP per capita = 1.96 %
The growth rate of the economy's real GDP is 4%. The growth rate of real GDP per capita is 2.22%.
Explanation:a. To calculate the growth rate of real GDP, we use the formula: (Year 2 GDP - Year 1 GDP) / Year 1 GDP. Plugging in the values, we get: (31200 - 30000) / 30000 = 0.04. So the growth rate of real GDP is 0.04, or 4%.
b. To calculate the growth rate of real GDP per capita, we use the formula: (Year 2 GDP per capita - Year 1 GDP per capita) / Year 1 GDP per capita. The GDP per capita in Year 1 is $300 (calculated by dividing Year 1 GDP by Year 1 population) and in Year 2 is $306.67 (Year 2 GDP divided by Year 2 population). Plugging in the values, we get: (306.67 - 300) / 300 = 0.0222. So the growth rate of real GDP per capita is 0.0222, or 2.22%.
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A decision tree is _____.
a. a structure of problem-solving ideas, with its roots based on the organization's mission
b. the hierarchy that must be followed when getting decisions approved
c. a graph of decision and their possible consequences
d. a location used by Chinese philosopher Confucius in times of intense pressure
e. an organization's decision network
Answer:
c. a graph of decision and their possible consequences
Explanation:
Decision tree -
It is a model in the form of a tree , which act as a supporting tool to get all the possible outcomes i.e. , utility , resource cost , outcomes , is referred to as decision tree.
Hence , from the given options of the question, the correct statement regarding decision tree is c. a graph of decision and their possible consequences .
A decision tree is a visual tool used to map out the different pathways that can be taken in the decision-making process, detailing the consequences of each potential decision.
Explanation:A decision tree is c. a graph of decisions and their possible consequences. This graphical representation is used in various fields such as business, engineering, and computer science to visualize the decision-making process. It consists of nodes representing decisions or chance outcomes, branches that correspond to the choices or steps that can be taken, and leaves that represent the potential outcomes or end states after the decisions have been made.
Decision trees help in analyzing the effects of different paths and can thus assist in making better, more informed decisions. For example, when drawing a tree diagram in probability, it represents all potential outcomes of an experiment, aiding in the visualization and calculation of probabilities. Similarly, in syntactic analysis, tree diagrams illustrate the structure of sentences by showing how units of language, or constituents, come together.
If a Canadian NHL team receives its revenues in Canadian dollars, but must pay its players in U.S. dollars, a weakening of the Canadian dollar relative to the U.S. dollar will cause
a.) the team's revenues to decreaseb.) the team's costs to increasec.) the team's revenues to increased.) the team's cost to decrease
Answer:
b.) The team's costs to increase
Explanation:
Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.
However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.
An economics professor, upset about the rising cost of textbooks, proposed that his department purchase 50 copies of a statistics book so the students in the statistics class would not have to purchase their own books but rather could borrow a book for the semester and then return it for the next class to use. Which of the following strategies would not prevent a common resource problem with the textbooks?a) Students will be required to pay a deposit for the textbook, which is refundable at the end of the semester when the book is returned in good condition.b) The textbooks are placed in a common area of the department so students can borrow and return them as needed.c) Students must sign a form agreeing to return the book or pay a fine equal to the replacement cost of the book.d) The textbooks are placed in the professor’s office and will only be given to students who are registered members of the class. These students will not receive their final course grades until the books are returned.
Answer:
B) The textbooks are placed in a common area of the department so students can borrow and return them as needed.
Explanation:
To avoid a new tragedy of the commons from occurring in the statistics class, each student that receives a book should be responsible for taking good care of it.
If the books are simply placed in a common area, anyone can come and take a book home and never return it or return it in a very bad shape.
How do changes in planned expenditures affect the aggregate demand curve?
Answer:
When there is change in income level which determines the level of planned expenditures, there is a movement along the Aggregate expenditure curve but a shift towards the left or right on the Aggregate Demand curve.
Explanation:
Planned expenditures depicts the relationship between total spending, which is determined by income level in the economy; and the level of real GDP produced, with price level kept constant. Hence, an increase in income causes a movement along the Aggregate Expenditure curve.
Aggregate Demand depicts the relationship between price level and the level of real GDP produced, with income level kept constant. Hence, an increase in price level triggers a movement along the Aggregate Demand curve.
Therefore when income level changes which by extension means a change in planned expenditures, there is a movement along the aggregate expenditure curve but an left (inward) or right (outward) move on the Aggregate Demand curve; as long as price levels remain constant