Answer: Tom’s price elasticity is perfectly inelastic
Jerry’s price elasticity is unitary elastic
Explanation:Tom says he wants 10 gallons regardless the price, whether higher or lower, therefore his price elasticity is perfectly inelastic. Because he won’t respond to any change in price since he wants 10 gallons.
Jerry says he wants $10 worth of petrol regardless the quantity of petrol. He wants just $10. Making it unitary . e=1
The police chief is meeting with some citizens in his community, where he will discuss the police department's positive service delivery. the success of his organization is measured by
One drawback of a personal marketing survey is that A. respondents may misinterpret questions. B. the response time if rather long. C. answers may be influenced by the interviewer. D. it results in a low response rate. Mark for
What term identifies stock that has been authorized and sold? authorized and paid stock outstanding stock treasury stock authorized and unissued stock?
The answer is outstanding stock.
This is because the stock has been authorized by the board of directors and it sold. Thus, stock that has been sold is currently outstanding and available in the marketplace.
Machine setminus−up would most likely be classified as a ________ cost.
What benefits does target receive from its store brands? 2. is target’s store brand strategy working? explain. 3. what could target do in the future to further develop strengths in store brands? 4. what potential problems does target face in continuing its focus on store brands?
What questions should be asked after a returned item has been counted and recorded?
True or false: insurers may withhold a portion of providers' payments to create a payment risk pool, which will be kept by the insurer if providers do not meet performance targets.
The cost of raising beef cattle has risen at the same time as consumer preference for beef has fallen. in the market for beef, this would be represented by the equilibrium price ________ and the equilibrium quantity ________.
The beef market, rising costs of raising cattle and falling consumer preference would likely lead to an increase in equilibrium price and a decrease in equilibrium quantity, due to shifts in supply and demand curves.
The cost of raising beef cattle has increased while consumer preference for beef has fallen, in the market for beef, this would typically be represented by the equilibrium price increasing and the equilibrium quantity decreasing. This is due to an upward shift in the supply curve because of higher production costs and a leftward shift in the demand curve due to decreased preference for beef.
However, it's important to distinguish between movements along a curve and shifts of the curve. An increase in the cost of raising cattle represents a shift of the supply curve to the left, leading to higher prices and lower quantities. A decrease in consumer preference results in a leftward shift of the demand curve, which would also lead to lower quantities but would actually push prices down. When both of these effects occur simultaneously, the equilibrium quantity definitely decreases, but the overall effect on price will depend on the relative magnitude of the shifts in supply and demand.
Michael wong and sanjay patel, both lawyers, start a law firm together. both of them have unlimited liability for the debts of the business, and the management of the firm is equally shared between them. this law firm is an example of a(n) ________.
The law firm that Michael Wong and Sanjay Patel started together is an example of general partnership. The general partnership is a way where partners have an arrangement of joining together in one business that will provide them unlimited liability in terms of the obligations in their partnership.
Andrew bryant of the new york times interviewed the ceo of aruba networks, who said he valued a mentor he had at hewlett packard several years earlier. in reference to his former mentor, the ceo recalled: “basically, he would push you and give you as much as you could handle until you started failing. he would encourage you to not be afraid of failing-because when you start failing, that’s when you know where your limit is, and then you can improve around that. so he actually sometimes would reward failure because that means that you have pushed yourself.” the ceo was describing a former mentor who _______ his employees.
Answer:
c. empowered
Explanation:
According to a different source, these are the options that come with this question:
a. practiced core competency management with
b. breached
c. empowered
d. benchmarked
This is an example of a leader who empowered his employees. In these lines, we learn that the former mentor would encourage the employees to push themselves, and to always do more. Moreover, when the employees started failing, he would reward them. This indicates that the employees were most likely empowered to try harder and go further thanks to this mentor.
When a company performs an activity quite well and that activity is central to its strategy and competitiveness?
A parcel delivery company delivered 103,000 packages last year, when its average employment was 84 drivers. this year the firm handled 112,000 deliveries with 96 drivers.
The efficiency of a delivery firm is calculated by dividing the total number of deliveries by the number of drivers. In the example provided, the efficiency decreased in the second year despite an increase in total deliveries.
Explanation:The question is about calculating the delivery efficiency of a parcel delivery company in different years. The delivery efficiency can be found by dividing the total number of deliveries by the average number of drivers.
In the first year, the firm delivered 103,000 packages with an average of 84 drivers, so the delivery efficiency was 103,000 / 84 = 1226.19 packages per driver.
In the second year, the firm delivered 112,000 packages with an average of 96 drivers. Therefore, the delivery efficiency was 112,000 / 96 = 1166.67 packages per driver.
This shows that, despite the increase in number of packages delivered, the delivery efficiency per driver actually decreased in the second year.
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The major disadvantage of content analysis as a method is
a. that it is susceptible to the hawthorne effect.
b. that it cannot tell us how people respond to the content.
c. that the cultural artifact has already been produced.
d. that it is unobtrusive.
Content analysis is a research method which is used to make replicable and valid inferences by interpretation and coding of the textual material. By analytically evaluating texts, any qualitative data may be converted into quantitative data.
However the greatest disadvantage to this method is:
“b. it cannot tell us how people respond to the content”
Final answer:
The major disadvantage of content analysis is its inability to directly assess how people respond to the content, due to its nature as an unobtrusive research method. While it avoids the Hawthorne effect and is cost-effective, it lacks direct interaction with subjects, limiting its insight into audience reactions.
Explanation:
The major disadvantage of content analysis as a method is that it cannot tell us how people respond to the content ( Option B ). This limitation arises because content analysis, being an unobtrusive research method, analyzes existing texts, communications, or media without interaction with the subjects who produced or engaged with these materials. While it offers several advantages, such as being cost-effective and not susceptible to the Hawthorne effect, content analysis faces challenges in capturing the audience's reactions or the effects of the content on them directly. This method instead relies on inferences from the content itself or supplementary data, which may not accurately represent how individuals interact with or interpret the content in question.
One of the key strengths of unobtrusive research, including content analysis, is its ability to study processes over time and its cost effectiveness. Furthermore, it avoids the Hawthorne effect by not directly interacting with research subjects, preserving natural behaviors in the data collected. However, this also means it lacks the ability to gauge reactions, emotions, or outcomes directly related to the content being analyzed, highlighting the importance of complementary research methods to gather a more comprehensive understanding of the content's impact.
What is the term for selling related products
The term used for selling related products is cross-selling. This is termed as the activity or the process that involves the manipulation or the encouragement to purchase a definite product.
Cross-selling is the practice of encouraging customers to buy products or services in addition to the items they originally intended to buy. Cross-sold items are frequently complementary to one another, giving customers more of a reason to buy both.
When a customer adds an item to their cart or begins the checkout process, they are inferring to the business that they are a regular customer with the intent to buy.
Businesses will frequently implement a cross-sell at this point in the buyer's cycle by recommending a complimentary item or offering a discount if both products are bought together.
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According to the enotes, __________ forecasting is a technique used by companies in which they use queries of experts to predict future demand.
Casper and cecile are divorced this year. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. cecile sold the stock a month after receiving it for $40,000. in addition casper is required to pay cecile $1,500 a month in alimony. he made five payment to her during the year. what are the tax consequences for casper and cecile regarding these transactions? if an amount is zero, enter "$0".
Separate maintenance payments and alimony are deductible by the party creating the payments and are includible in the gross income of the party getting the payments. Therefore, income is shifted from the income earner to the income beneficiary, who is better able to pay the tax on the amount received.
Mrs. orlof teaches two history classes, one in the morning and one in the afternoon. yesterday she gave the same test to both classes. anyone who failed the test must take a retest. since a greater percentage of students who took the morning test failed the test than students who took the afternoon test, more of orlof’s morning history students than afternoon history students will have to take the retest. the conclusion above is not necessarily valid because
Final answer:
The conclusion that more morning students will need a retest simply based on a higher failure percentage is flawed without considering class sizes.
Explanation:
The conclusion that more of Mrs. Orlof's morning history students than afternoon history students will have to take the retest is not necessarily valid. This assertion hin-ges on the assumption that the number of students in both classes is the same. If the morning class had significantly fewer students than the afternoon class, a higher percentage of failures in the morning could still translate to fewer students overall needing to retest compared to the afternoon class.
For instance, if the morning class has 20 students, and 30% failed the test, that equates to 6 students needing a retest. If the afternoon class has 30 students, and 20% failed, that would result in 6 students needing a retest as well. So, despite the higher failure percentage in the morning, both classes would have the same number of students retaking the test. This simple mathematical reasoning shows why the initial conclusion might not be correct.
A court ruling against the wrongful dismissal of employees is a development in the _____ component of the general environment.
a. technological
b. sociocultural
c. political/legal
d. economic/demographic
When initiating a phone conference, you can show respect for your conversation partners' time by?
Q 1.2: the question “how much of our annual budget should we spend to advertise our new product line?” would most likely be asked by a
The second stage of the consumer buying process is?
Jupiter explorers have $8,200 in sales. the profit margin is 5 percent. there are 5,200 shares of stock outstanding. the market price per share is $1.70. what is the price-earnings ratio
Which accounts are affected in the closing process under a perpetual inventory system?
Africa, generally, has the highest infant mortality rates. there is one country outside of africa with very high rates. it would be
It is estimated that between 1899 and 1924, about 2.1 million italians left the u.s. while almost ____ million arrived.
You currently have a one-year-old loan outstanding on your car. you make monthly payments of $ 400$400. you have just made a payment. the loan has four years to go (i.e., it had an original term of five years). show the timeline from your perspective. how would the timeline differ if you created it from the bank's perspective?
From your perspective, a timeline of your car loan payments would show a series of 48 monthly payments of $400 each, starting from the end of the current month since you have just made a payment. There will be four years left until the debt is fully paid. However, from the bank's perspective, the timeline would illustrate receiving these payments, with an additional emphasis on the interest accrued on the outstanding balance over time.
To visualize the loan repayment from your perspective, you would draw a timeline with a series of equal payments spaced one month apart. Each payment reduces the outstanding balance until the loan is paid off after four years. Conversely, the bank's timeline would be similar, but the bank would be more focused on the interest it earns as this is part of their revenue. The bank would also account for the outstanding loan amount versus time in a way that may reflect its internal rate of return on the loan. This is often visualized using an amortization table, which includes the breakdown of principal and interest for each payment.
Raul is a financial analyst who oversees the daily financial expenditures for a major big box retailer. on a typical day, raul does not interact with other employees and only meets with his team on monday afternoons; however, he typically has to run a report at 7:30 am and then a final report at 7:30 pm. raul and his wife emily have a 6 month old son and emily will soon be returning to work thus requiring the couple to engage childcare. to enhance raul's well-being at work, his manager could ________.
To enhance Raul’s well being at work, his manager should arrange Raul’s schedule in means of reducing the time of his work that will have enough time for him to balance home and work and in a way of maintaining his well being at work and his child at home.
To enhance Raul's well-being, his manager could offer flexible work arrangements, foster a collaborative team environment, and provide access to work-life balance resources.
Raul is a financial analyst who needs to find a balance between demanding work responsibilities and family life, especially given the new childcare requirements for his son. To enhance Raul's well-being at work, his manager could consider implementing flexible working arrangements such as telecommuting, adjusting start and finish times to better align with childcare hours, or allowing Raul to complete his evening report remotely. Another supportive action could involve creating a more collaborative team environment, even if it's through virtual meetings, to reduce the isolation Raul may feel during his workday. Finally, the manager can ensure Raul has access to resources aimed at supporting work-life balance, such as employee assistance programs that offer advice and services related to childcare, emotional support, and time management.
The fact that companies can now organize and analyze vast amounts of data on individuals to determine individual behavior profiles is due mostly to:
Data analysis, also called the analysis of data, is a procedure of assessing, purging, changing, and demonstrating information with the objective of finding valuable data, recommending conclusions, and supporting decision making. Data analytics is also another name for the process.
The table shows the utility that jason receives from dvds and spy novels. when jason is maximizing his total utility he spends all his available income and equalizes the ______.
a. marginal utility per dollar for all goods
b. marginal utility for all goods
c. total utility per dollar for all goods
d. total utility for all goods
Jason maximizes total utility by equalizing the marginal utility per dollar across all goods, which ensures that each dollar spent provides the maximum possible satisfaction. (option a)
When Jason maximizes his total utility and he spends all his available income, he equalizes the marginal utility per dollar for all goods. Therefore, the correct answer is a. marginal utility per dollar for all goods.
The utility-maximizing choice between consumption goods occurs where the marginal utility per dollar is the same for both goods. For instance, if José wants to maximize the utility he gets from his limited budget, he will purchase the item with the highest marginal utility per dollar first.
This is because it provides the greatest satisfaction or 'bang for the buck' for each dollar spent. Hence, José will continue this pattern of purchasing, always picking the next good that offers the highest marginal utility per dollar until his budget is fully utilized.
Zoco, a restaurant chain, introduced a new version of lemonade that was red in color and had a thick consistency. the company had relied on the fact that its drink was different from other lemonades. however, the consumers did not respond positively. what is the most likely reason for the consumers' negative response?