When the Fed sells bonds in the open market, we can expect bond prices to fall and interest rates to rise.
In the context of the sociological perspectives on groups and organizations, _____ contend that organizations promote inequality that benefits elites, not workers.
The conflict perspective.
Public _____ such as store customers, museum goers, or zoo visitors are owed a duty to inspect and make safe under the law.
Public visitors such as store customers, museum goers, or zoo visitors are owed a duty to inspect and make safe under the law. Public visitors are those who visit public places. These people should be able to visit their place of interest and know that the place will be safe and secure for them. If the place is not safe, under law they can report it and the place will have to fix what is wrong.
Answer:
invitees
Explanation:
Which factor sets the ceiling on setting a product's price?
Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.
The market demand sets the ceiling on the setting of a product's price. This is due to the fact that companies cannot charge more than what consumers are willing and able to pay. a decrease in sales could occur if a product is priced too high.
Explanation:The factor that sets the ceiling on setting a product's price is typically the market demand. A company cannot set a price higher than what consumers are willing and able to pay.
If a company does set a price too high, demand for the product could potentially decrease, leading to a decrease in sales.
When deciding on a price for a product, companies must consider the perceived value of their product, the price sensitivity of their target market, and the prices of competing products.
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When economists refer to "demand," they are speaking of: how much everyone wants of all products bought and sold in the nation. a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period. a single price and quantity combination. a "desire" for a product rather than a "need" for the product regardless of the price. all of the above?
When economists refer to "demand," they are speaking of a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.
What term is used to describe spread-out or low-density development beyond the edge of services and employment? edge cities sprawl common-interest developments gated communities?
This is the defnition of sprawl
In the extreme programming environment,__________allows programmers to detect and correct programming mistakes as they go, which is faster than correcting them after an entire program has been written.
pair programming allows
Keeping long-term customers is more beneficial than continually acquiring new customers because:
radox, a luxury watch brand, identifies a market segment that is willing to pay premium prices for its watches, and radox managers select an ideal selling price. managers then determine the costs to create watches that meet the ideal selling price. the company's pricing approach is referred to as ________.
This is an example of target costing. With target costing companies produce products that fit their goals in certain market conditions. In this case they wanted to fit the ideal price.
Final answer:
The pricing method in question, where a luxury brand selects an ideal selling price and works backwards to determine the cost, is known as target costing. It involves taking into account market segment, consumer price sensitivities, elasticity of demand, and brand equity to set profitable and market-clearing prices.
Explanation:
The pricing approach described is referred to as target costing. Target costing involves identifying a market segment that is willing to pay a premium for a product and then selecting an ideal selling price. After deciding on the ideal price point, managers work backwards to determine the costs to create the product at a level that meets this selling price, particularly for a luxury brand like Radox. As they calculate these costs, managers must consider both the direct and indirect expenses associated with production, like material costs, labor, and market research.
Managers within companies such as Radox should utilize market research to understand consumers' price sensitivities and potentially estimate the elasticity of demand for their watches. This sensitivity information helps to guide them when setting the prices, and they may use rules of thumb or standard markups to inform their pricing strategy. The price is often set to balance the twin necessities of covering costs and maximizing profit, which can sometimes be tied to the concept of Ramsey pricing, where markup over marginal cost is proportional to the inverse of the elasticity of demand.
Furthermore, the brand equity plays a significant role in pricing, especially for luxury goods. With high brand equity, firms like Radox can charge premium prices. But to maintain that position, brand equity needs support through advertising and product quality, as it depreciates over time.
The pattersons bought their tv from a store with a thirty-day return policy, and the stevensons bought the same tv from a different store with a policy that "all sales are final!" based on what the text reports about cognitive dissonance, which family is more likely to be satisfied with their tv
Cognitive dissonance theory suggests that the Pattersons, with the option to return the TV within thirty days, would be more psychologically satisfied than the Stevensons, who are unable to return their TV.
Explanation:Based on the theory of cognitive dissonance, which posits that individuals strive for consistency in their beliefs, attitudes, and behaviors, it is likely that the Pattersons would be more satisfied with their TV. This is because the return policy provides a psychological safety net that can reduce potential dissatisfaction or regret. On the contrary, the Stevensons, who bought the TV with a 'all sales are final' policy, may experience more cognitive dissonance - the mental discomfort when one's actions contradict their beliefs or values, particularly if they end up being dissatisfied with the product but can do nothing about it.
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How does laissez-faire economics reflect enlightenment ideas of challenging power and authority?
Both Laissez-faire economics and the Enlightenment Era focus on a lack of government control and intervention. Laissez-faire economics says that the market should be left alone for consumers and producers to set prices and make purchase decisions on their own.
How long should sales records such as invoices and monthly statements be stored?
Final answer:
Business sales records such as invoices and monthly statements should be retained for at least seven years to comply with tax and legal requirements. This practice is important for all types of expenditures, including those recorded by receipts or noted manually.
Explanation:
When managing sales records such as invoices and monthly statements, it's important to retain these documents for an adequate period for tax, accounting, and audit purposes. Typically, businesses should keep these records for a minimum of seven years, which is the standard period advised in light of Internal Revenue Service (IRS) guidelines in the United States. This duration allows for any potential audits or tax-related queries that may occur, as well as serves to track the financial history of a business.
The process of tracking expenses, including those with and without receipts, like money put into a vending machine, is vital for personal finance management. One strategy to monitor spending precisely is by keeping all receipts from purchases made over the course of a week. By analyzing expenditure on different types of products and services, including those from the "Merchants of Cool" and essential services like transport, a clear picture of one's financial habits can be drawn.
Adhering to these records retention guidelines ensures that your business complies with legal standards and that you maintain an organized record-keeping system.
Discuss the three "ingredients" needed for employee performance. give your own brief example of a performance scenario where all three are present and also provide your own brief example of a performance scenario in which all three are absent.
The three ingredients needed for employee performance are motivation, capacity and support. Motivation is really important because if employees are influenced positively they can make things better. Capacity is also key because if employees are poorly prepared the won't have a good performance. Support is crucial because if we want to enhance employees' performance we have to be ready to back them up.
Is Flour a Natural resources
The correct answer is no.
Natural Resources are things that occur in nature that can be used for economic gain. Since flour is a processed product and does not occur in nature it is not a natural resource.
the correct answer is no
__________ consists of activities designed to engage and build good relations with the company's various publics.
The answer is "public relations"
Connor wants to purchase stocks with the money he received from his tax return. who would he contact to make the transaction?
Answer:
The answer is a brokerage firm.
Explanation:
Since Connor wants to purchase stocks, he needs to get in touch with a brokerage firm, who can help him make the purchase he wants. Brokerage firms’ function is to act as an intermediary between their clients and the stock market, by giving advice as well as facilitating the purchase to their firm. Brokerage firms can sell a wide variety of securities, not just stocks, but also mutual funds, for example.
The 6 factors of production Of to make Pasta
- Natural Resources
- Raw material
- Labour
- Capital
- Information
- Management
Explain in each production
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-Natural Resources [materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.]
-Raw material [the basic material from which a product is made.]
-Labour [work, especially hard physical work.]
-Capital [Capital is a term for financial assets, such as funds held in deposit accounts, as well as for tangible factors of production, i.e. manufacturing equipment. Additionally, capital includes facilities, including buildings used to produce and store manufactured goods.]
-Information [facts provided or learned about something or someone.]
-Management [the process of dealing with or controlling things or people.]
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The factors of production involved in making pasta are natural resources, raw materials, labor, capital, information, and management.
Explanation:The factors of production involved in making pasta are:
Natural Resources: These include the ingredients used to make pasta, such as wheat for flour, water, and various herbs and spices.Raw Materials: As mentioned earlier, raw materials for pasta production include ingredients like flour, water, and herbs.Labour: This refers to the human effort involved in making pasta, including tasks like mixing the dough, shaping the pasta, and cooking it.Capital: Capital represents the tools and equipment used in pasta production, such as pasta-making machines, mixing bowls, and cookware.Information: Information is required to guide the production process, such as recipes, cooking techniques, and food safety guidelines.Management: This involves the coordination, planning, and organization of the various factors of production to ensure efficient and effective pasta production.Is the stage where a product and its proposed marketing program are introduced into realistic market settings?
Answer:
The answer is test marketing.
Explanation:
In a test marketing stage, the person responsible would conduct a field experiment for the product and the marketing plan to a select target group most similar to the target market. The purpose is to find out how the consumers react to the product and marketing initiative. This stage is part of the product development cycle, and is commonly conducted for fast moving consumer goods.
Mr. Drucker uses a periodic review system to manage the inventory in his dry goods store. He likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. It costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. Mr. Drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?
A. 6 sacks
B. 30 sacks
C. 9 sacks
D. 15 sacks
The correct answer is choice A, 6 sacks.
If Mr. Drucker maintains an inventory of 15 sacks of sugar on his shelves and currently only has 9, then he will need to order an additional 6 sacks of sugar in order to maintain his desired inventory.
You write a reminder post-it and stick it on the door where you see it every day. a month later, you forget your appointment because of the tendency to ignore constant stimuli, which is known as _____.
habituation; "the diminishing of a physiological or emotional response to a frequently repeated stimulus."
Final answer:
Forgetting an appointment because the reminder becomes a constant, ignored stimulus is referred to as inattentional blindness. It's when we fail to notice visible things due to lack of attention and is related to the concept of absentmindedness, which also involves attention lapses.
Explanation:
The phenomenon where you forget an appointment because you're so used to seeing the reminder and start ignoring it is known as inattentional blindness. This occurs when something is fully visible but fails to enter our consciousness because our attention is directed elsewhere. It's similar to absentmindedness, which refers to lapses in memory due to breaks in attention.
Our brain often relies on routines and when something becomes too familiar, like the post-it on the door, we may not process the information as thoroughly as we did at first. This can be explained by the Ebbinghaus forgetting curve, which depicts how the ability to recall information decreases over time. Writing notes for future reference is a good strategy to counteract forgetfulness, but it's also important to vary the method of reminder to avoid inattentional blindness.
A company that fails to manage its strategic alliance probably has: multiple choice incorporated contractual safeguards. made opportunities for learning a routine management process. created a system to manage alliances in a systematic fashion. established strong interpersonal relationships and established trust. refrained from making commitments to its partners and ensured they do the same.
Refrained from making commitments to its partners and ensured that they do the same.
A strategic alliance is supposed to be two or more companies working together to achieve a common goal while still maintaining their independent company identity, but if they fail to manage that relationship then the should refrain from making promises or goals they cannot keep.
Final answer:
A company that fails to manage its strategic alliance likely has not committed to its partners, missing critical components of successful alliances such as shared responsibility, trust, and clear contractual safeguards.
Explanation:
A company that fails to manage its strategic alliance probably has refrained from making commitments to its partners and ensured they do the same. Successful management of strategic alliances often requires shared responsibility and risk, as well as building strong interpersonal relationships and establishing trust. In essence, for an alliance to be effective, organizations must recognize and navigate the complexities of collaboration, which include understanding and addressing the counterpart's operational capacity, maintaining open and transparent communication, and creating contractual safeguards that delineate responsibilities and expectations clearly.
When a company refrains from committing to its partners and encourages them to do the same, it is not engendering trust or collaboration but is instead fostering an environment that lacks the shared goals and mutual support that characterize effective alliances. It is usually critical for partners to bring complementary skills to the table, share decision-making responsibilities, and, importantly, build a routine management process that promotes learning and adaptation within the alliance. Failure to do so can result in poor alliance performance and ultimately may lead to a breakdown of the relationship.
Logical-mathematical intelligence refers to skills: in problem solving and scientific thinking. in using the whole body or various portions of it in the solution of problems or in the construction of products or displays. involved in the ability to identify patterns in nature. involved in the production and use of language.
Logical-mathematical skills are used in problem solving and scientific thinking.
Establishing prices for razor blades that must be used with a razor blade system is known as ________ pricing.
Establishing prices for razor blades that must be used with a razor blade system is known as captive product pricing. Captive products are used in most cases to maximize revenue. When a company makes a razor blade that only works with one razor, they are making a product that is exclusive and giving it captive product pricing because it will be priced to maximize revenue on not only the blade but the razors, themselves, as well.
Oyota and honda build additional plants in the united states.states. this event ______ short-run aggregate supply and ______ long-run aggregate supply
increases and increases
the human resources department is responsible for doing which of the following with employees
A. resolving conflicts
B. comparing the value
C. creating competition
A. Resolving conflicts
Human Resources does many things related to hiring/firing, managing benefits, etc and this includes resolving interpersonal conflicts between employees.
The human resources department is responsible for resolving conflicts among employees, a role vital for maintaining morale and productivity in the workplace. It also ensures a good match between job candidates and job requirements, significantly influencing hiring decisions.
The human resources department is primarily responsible for resolving conflicts among employees. This role involves addressing disagreements that can arise due to various differences, including beliefs, values, opinions, and actions within the workplace. The importance of this function is underscored by the potential consequences of unresolved conflicts, such as stress, diminished team morale, staff departures, and lost productivity. Additionally, the human resources department plays a crucial role in ensuring a good match between job candidates and job requirements, thereby facilitating the hiring of highly productive workers. This process involves advertising jobs, going through résumés, interviewing applicants, and developing effective employee selection systems. In contrast, while competition exists in the workforce and can drive innovation and hard work, creating competition is not a direct responsibility of the human resources department.
If you were approached by a gang and asked to join, how would you handle the situation?
Joining a gang or crew can give you a sense of belonging and acceptance, but often being associated with one can lead to dangerous consequences. Here are some ways to explore alternatives to gang membership and how to safely “leave” a gang if you’re already involved. Some of these steps can take time, but with dedication and the support of your family, you can change your life.Young people who feel they are not respected by their peers, families or communities turn to gangs for the identity and respect that families normally provide. Youth who see themselves as “weak” or “powerless” may join gangs to become “stronger” and “protected.” Often these individuals suffer from a lack of support from their family and therefore seek support within the gangs.
Young people who crave excitement because gang members and the media often glamorize the gang life style.
Young people who cannot resist peer pressure may join because their friends are in gangs. They may feel pressured to join to be part of the a crowd
Tom and nancy boyle were surprised to learn that some of their valuable personal property-a gun collection, jewelry, a mink coat, and sterling silverware-was subject to internal limits under their homeowners policy. what separate insurance policy can the boyles purchase to obtain the desired coverage on this personal property
A personal articles floater is used insure more valuable property like this. It goes beyound the limitations of a homeowner's policy.
What is the fundamental rethinking of business processes to bring about dramatic improvements in performance?
a. process analysis
b. process strategy
c. process design
d. process redesign?
d. process redesign?
You examine the schedule for your favorite soccer team. the team plays 38 games each season. later you try recalling that schedule for your friend tom who likes the same team you do. chances are you will recall opponents at the beginning of the schedule particularly well. this is an example of the _____ effect.
Serial-position effect is the ability to recall items in the begining or the end of a list easier
Herman company has three products in its ending inventory. specific per unit data at the end of the year for each of the products are as follows: product 1 product 2 product 3 cost $ 20 $ 90 $ 50 selling price 40 120 70 costs to sell 6 40 10 required: what unit values should herman use for each of its products when applying the lower of cost or net realizable value (lcnrv) rule to ending inventory?
The inventory values are $20, $90 and $50.
Under the principle of lower of cost or net realizable value, the value of inventory is kept at cost and gain is not recognized until the inventory actually sells. The cost of the products is $20, $90 and $50, which is the inventory value to use.
In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for negative externalities.
In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.