The statement is true. Personal selling involves building relationships with potential customers, identifying their needs, presenting the product or service, negotiating and closing the sale, and providing follow-up services after the sale.
However, it also includes activities such as prospecting, which is the process of identifying and qualifying potential customers, and lead generation, which involves generating interest in the product or service among potential customers. Additionally, personal selling may also involve post-sale activities such as customer service, providing support and assistance, and ensuring customer satisfaction. Therefore, personal selling is a comprehensive process that involves several activities beyond presenting the product and closing the deal.
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What phrase describes businesses who develop a positive relationship to
society
What is student daily allowance?.
A Student Allowance is a daily payment that can assist you with your living expenses while studying.
What do you mean by daily allowance?A daily allowance is an allowance granted to an employee for each day of his absence from headquarters, and it is intended to cover the employee's ordinary daily expenses incurred as a result of such absence.
A daily allowance is an expense that is intended to cover the costs of food and other incidentals. Daily allowance has a significant impact on student participation, social interaction, and, most importantly, behavior in school. Budgeting is a practical technique that students can use.
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Do you believe that "rationing" ensures that "everyone receives their fair share"? If no, why? If yes, why?
Yes, "rationing" ensures that "everyone receives their fair share".
Rationing is the managed distribution of scarce resources, goods, services, or a synthetic restriction of demand. Rationing controls the size of the ration, that is one's allowed part of the sources being allotted on a selected day or at a specific time.
Rationing involved placing limits on purchasing certain high-demand gadgets. The authorities issued some of the “points” to every person, even babies, which needed to be turned in in conjunction with cash to purchase items made with restricted items.
Rationing often includes food and other necessities for which there may be a shortage, including materials for the conflict attempt such as rubber tires, leather-based shoes, apparel, and gasoline. Rationing food and water may be necessary throughout an emergency, along with a herbal disaster or terror attack.
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the company earned $1,600 of commissions revenue that is not yet recorded at month-end. record the required adjusting entry, if any.
For recording the required adjusting entry, if any we need to know that Every adjusting entry will have at least one income statement account and one stability sheet account. Cash will in no way be in an adjusting entry.
Which of the following events would no longer require an end-of-year adjusting entry?Providing offerings on account does now not require an end-of-year adjusting entry. Accounts receivable is accelerated when offerings are supplied on account and is diminished when charge is acquired from customers.
What happens if adjusting entries are no longer prepared?The reason of adjusting entries is to ensure that your financial statements will reflect accurate data. If adjusting entries are now not made, these statements, such as your stability sheet, income and loss statement, (income statement) and money drift announcement will no longer be accurate.
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https://brainly.com/question/13933471#SPJ41.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries
2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance
3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account
Answer:
1.A
2.C
3.D
Explanation:
hope its help
According to the law of supply what’s the result of an increase in the supply of workers for a job if all other factors remain equal?
Answer:
The wage rate for that job will be pushed down.
Took the test
PLEASE SAY ME WHATS THE MEANING OF THESE 2 LINES IN ENGLISH PLZZ
Explanation:
chemical fertilizer is impuring day by day
true or false: it's better to begin a personal brand site once you're in your career to provide credibility.
True, it is better to begin a personal brand site once you're in your career to provide credibility. A personal brand site showcases your professional accomplishments, skills, and experience, which can help establish your credibility in your chosen field.
By starting your personal brand site after you have gained some career experience, you'll have more content to share and a better understanding of your professional goals. This allows you to create a more compelling and accurate representation of your personal brand, ultimately enhancing your credibility among potential clients, employers, or collaborators. To create an effective personal brand site, focus on showcasing your achievements, providing relevant information, and maintaining a consistent and professional tone throughout the site's content. Thus, the given statement about personal brand site is true.
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What is an accurate definition of a goal?
a way of living that shows the beliefs and opinions of a person or group of people
a priority, principle, or belief that guides a person’s life
an ability created through learning and experience
something specific a person wants to achieve
Option (d), An accurate definition of a goal is anything definite that a person wishes to accomplish.
Which definition of a goal is best?An individual who is aiming to achieve a goal has an objective or target in mind. A player's attempt to place an object in a game's goal area, or the finish line of a race, is referred to as the goal. There are numerous meanings for the noun "goal" as well. An objective or target that you vigorously and resolutely pursue is referred to as a goal.
What would you say are your goals?The wisest course of action is not to set up a list of goals. Instead, concentrate on one or two main goals and briefly explain how you plan to reach them or how they will help you progress your profession in the long run. This displays how well you understand your long-term goals and how carefully you've thought them out.
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Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
The profile of an entrepreneur typically includes all of the following EXCEPT a(n) Select one: a. focus on concrete results. b. willingness to take risks. c. appreciation for the status quo. d. desire to assume responsibility. e. need for achievement.
The profile of an entrepreneur typically includes all of the following EXCEPT a(n): c. an appreciation for the status.
Who is an entrepreneur?An entrepreneur can be defined as someone who engages in trading or business.
The profile of an entrepreneur typically includes all of the following:
Focus on concrete results.Willingness to take risks.Desire to assume responsibility.Need for achievement.Therefore the correct option is c.
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What is the term for the relationship between printer and paper?
Answer: an analogy i think printer is to paper as is pen is to ink
Explanation: one depends on the other
private equity firms comprise a relatively insignificant portion of the american economy.
The statement that private equity firms comprise a relatively insignificant portion of the American economy is not entirely accurate.
While private equity firms may not make up a significant portion of the overall economy, their impact and influence can be significant within certain sectors and industries.
Private equity firms play a crucial role in providing capital to companies that are not publicly traded or are seeking to go private. They invest in a wide range of businesses, including start-ups, small and medium-sized enterprises, and even large corporations. Private equity firms often acquire ownership stakes in these companies, help improve their operations, and aim to generate a significant return on their investments.
Although private equity firms may represent a small fraction of the overall economic activity, their activities can have far-reaching effects. They contribute to job creation, innovation, and economic growth by injecting capital into companies and supporting their expansion and development. Private equity investments can also lead to restructuring and turnaround efforts in underperforming companies, potentially saving jobs and enhancing their long-term viability.
Moreover, private equity firms have an impact on financial markets and the broader economy through their involvement in mergers and acquisitions, leveraged buyouts, and investment strategies. They often partner with institutional investors, pension funds, and other capital sources to raise substantial amounts of funds, which can have implications for the overall financial system.
It's important to note that the significance of private equity firms can vary depending on the perspective and context. While they may not dominate the entire economy, their influence and contributions to specific industries, investments, and economic development should not be overlooked.
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When clay, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. At first clay thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. Clay was able to discover the cause of the problem by utilizing ________ skills.
Clay was able to discover the cause of the problem by utilizing conceptual skills.
Define conceptual skill.Thinking abilities known as conceptual skills enable you to comprehend complex concepts and find solutions to challenging issues. These abilities are important because they enable individuals to utilize deliberate thought and abstract reasoning to come up with several answers for various problems.
This kind of ability, for instance, might enable managers to comprehend relationships between several departments, connect them to the operation of the overall business, and maximize how these elements interact. These abilities enable them to view the organisation as a whole, plan for its expansion, identify potential roadblocks, and create backup plans based on their notions.
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the monetary theory suggesting how the fed can affect the interaction between the demand for money and the supply of money to influence interest rates is the
The monetary theory suggesting how the Fed can affect the interaction between the demand for money and the supply of money to influence interest rates is the Quantity Theory of Money.
The Quantity Theory of Money states that the money supply directly affects the price level in the economy, and that changes in the money supply result in proportional changes in the price level. Therefore, the Fed can influence interest rates by adjusting the money supply through open market operations, reserve requirements, and discount rates.
If the Fed wants to decrease interest rates, it can increase the money supply by buying government securities on the open market, lowering reserve requirements for banks, or lowering the discount rate.
This will lead to an increase in the supply of money, which will lower interest rates due to the increased competition among banks for borrowers. Conversely, if the Fed wants to increase interest rates, it can decrease the money supply through the opposite actions.
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What is one reason why a company should make an operating budget
Suppose the Bank of England (the UK’s Central Bank) determines the reserve rate () to be 15% and all banks should follow this rate when lending.
(a) Using the fractional-reserve banking theory, calculate how much credit can be created in the UK economy if the initial loan is £300,000 and all created loans are deposited in another bank account and the number of banks involved in this process goes to infinity. (Show all your calculations) (b) Heterodox economists believe that while the theory of fractional-reserve banking brings the creation of credit by banks into the discussion of money supply, the theory suffers from the fact that the money supply is still exogenous. Explain this view through the relation between money supply () and the monetary base () discussed in the lecture.
The total amount of credit that can be created is infinite, as the number of banks involved in this process goes to infinity. The heterodox economists believe that the money multiplier is not constant.
(a) The fractional-reserve banking theory states that banks can create credit by lending out a portion of their deposits. The reserve rate is the percentage of deposits that banks are required to hold in reserve. In this case, the reserve rate is 15%. This means that banks can lend out 85% of their deposits.
If the initial loan is £300,000, then the total amount of credit that can be created is:
£300,000 * (1 - 0.15) = £255,000
This is because the initial loan of £300,000 is deposited in another bank account. This bank can then lend out 85% of the deposit, which is £255,000. This £255,000 can then be deposited in another bank account, which can then lend out 85% of the deposit, and so on.
The total amount of credit that can be created is infinite, as the number of banks involved in this process goes to infinity.
(b) Heterodox economists believe that the theory of fractional-reserve banking suffers from the fact that the money supply is still exogenous. This means that the money supply is determined by the central bank, and not by the banks themselves.
The relation between the money supply and the monetary base is as follows:
Money supply = Monetary base * Money multiplier
The monetary base is the amount of money that is created by the central bank. The money multiplier is the amount of money that is created by the banks.
The heterodox economists believe that the money multiplier is not constant and that it can change depending on a number of factors, such as the confidence of the banks and the interest rates.
They argue that the central bank should focus on increasing the money multiplier, rather than on increasing the monetary base. This would allow the banks to create more credit, which would help to stimulate the economy.
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Which of the following workers would most state workers’ compensation statutes cover?a. a full-time laborer who works on the assembly line at Airstream Airlines who falls off a plane wing and injures his hand.b. a college student who works part-time as a delivery driver for Deano’s Pizza.c. a graduate student who works full-time during the summer as a lifeguard at Splash-and-Fun.d. a butler at a mansion who slips and falls on the dining room floor while serving guests dinner
A full-time laborer who works on the assembly line at Airstream Airlines who falls off a plane wing and injures his hand is the worker who would most likely be covered by state workers' compensation statutes. The correct answer is option a.
This is because he is a full-time employee of a company engaged in a hazardous occupation, and the injury occurred while performing work-related duties.
Workers' compensation laws generally provide benefits for employees who are injured or become ill due to job-related factors, including accidents, exposure to hazardous materials, or repetitive strain injuries.
The other workers described do not meet the criteria for coverage under state workers' compensation laws.
The correct answer is option a.
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where is the account accumulated depreciation on equipment found on the financial statements?
Answer:
The Balance Sheet
Explanation:
The accumulated depreciation lies right underneath the "property, plant and equipment" account in a statement of financial position, also known as a balance sheet or report on financial condition.
Let's take a look at precipitation over the course of a year in High Springs ( a small town north of Gainesville, near the Sante Fe River). (Please note that they start the year at O - October.) Which statement best describes the center for the boxplots?
Answer:
- The medians for the summer months of June, July, August, and September are higher than for the other months.
Explanation:
The statement prescribing 'the medians within the months of summer June, July, August, and September are higher in comparison for the other months' correctly describes the halfway for the boxplots. This displays that the precipitation during these months due were higher due to the high temperature and intense water cycle.
compare the threw basic economic system in terms of the economic oppturinites avaibke to businness
Answer:
hmmmm
Explanation:
Explain the importance of needs analysis for job designs and for
human resources training and development?
Needs analysis plays a crucial role in both job design and human resources training and development. Here's an explanation of its importance in each context:
Job Design:
Needs analysis is essential for job design as it helps identify the specific requirements and expectations of a job. By conducting a thorough needs analysis, organizations can determine the knowledge, skills, abilities, and other qualifications necessary for a particular job role. This analysis ensures that job tasks and responsibilities align with the overall goals and objectives of the organization, as well as the needs of the employees performing the job.
Human Resources Training and Development:
Needs analysis is equally important for training and development initiatives within an organization. Before implementing any training program, it is crucial to assess the skills, knowledge gaps, and developmental needs of employees. A thorough needs analysis helps identify the areas where employees require training or development interventions to enhance their performance and contribute effectively to the organization's success. By conducting a needs analysis, organizations can tailor training programs to address specific skill deficiencies or knowledge gaps.
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1. what are the ways in which computer networks can help trendywidgets in its business? think of all the different ways in which the company can use computer networks at all its different offices.
Computer networks can help TrendyWidgets in its business by providing efficient communication, streamlined data sharing, and improved productivity across all its offices.
TrendyWidgets can use computer networks to enable video conferencing, instant messaging, and email communication between employees, clients, and partners. The company can use computer networks to store and share data, such as customer information, product details, and sales reports, between different departments and locations.
With computer networks, employees can access shared resources, such as printers, files, and databases, from any office location, which can increase productivity and reduce duplication of work. Computer networks can enable employees to work remotely, allowing for greater flexibility and reduced overhead costs.
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A women sells a bead bracelet she made. She sold it to her sister.
Answer:
Is that the question????
Explanation:
If your asking a question a can you put the whole question.
Something that's sold has been exchanged for money. When new neighbors buy the house across the street, you'll see a sign appear in its front yard that says "Sold."
What is the meaning of Money?Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from individual to individual and from country to country, allowing trade.
Any tangible object or verifiable record that's also commonly accepted as payment for products and services as well as the repayment of debts, including such taxes, in a specific nation or socioeconomic setting is referred to as money.
Money is a centralized, widely used, acknowledged form of exchange that makes it easier to exchange goods and services. In an economy, money serves as a medium of trade for a variety of products and services. Governments and nations have different monetary systems.
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the eisp component of provides informatino on the importance of infosec in the organization
The EISP component provides information on the importance of information security in the organization - True
Information on the significance of information security in the organisation is especially provided by the EISP (Enterprise Information Security Policy) component. The organization's general approach and structure for information security are described in the EISP, a policy document. Information security-related high-level declarations, objectives, duties, and recommendations are frequently included.
Even while the EISP may discuss the value of information security within the company, its main goal is to offer a thorough and organized framework for managing and protecting information assets. It assigns roles and duties, outlines procedures, and lays the basis for establishing and maintaining efficient information security practises across the organisation. It also defines the organization's security goals.
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Complete Question:
The EISP component provides information on the importance of information security in the organization - True/False
Ms. Lov is the CEO of a company producing a new magical supplement "Love is Strange". A marketing campaign promised an increase in intimacy as you use this new supplement.
Ms. Lov conducted a study to estimate the demand for "Love is Strange" and found the following
Let P(X) = price of Love is Strange; P(y) = the price of a cream: "Life is fun"; M= income, A= Advertising expense; Q= quantity demanded of "Love is Strange"
1- Assuming that the demand is not linear, use a log-linear estimation to find the log-linear demand function
2- is the cream "Life is fun" a substitute or a complement good? why?
3- Ms. Foolish claimed that the demand function should be linear. Use a linear estimation method to find the linear demand function. Would your findings support a linear function? Why
4- Using the linear demand function you derived in part 3, if P(x)=50 , P(y)=15, M=1200, A=518, find the cross-price elasticity E[Q(X),P(Y)]
Ms. Lov is the CEO of a company producing a new magical supplement "Love is Strange". A marketing campaign promised an increase in intimacy as you use this new supplement. Ms. Lov conducted a study to estimate the demand for "Love is Strange.
1) To calculate log-linear demand function, take the natural logarithm of both sides of the demand function as given below;
Q = aP_x^b P_y^c M^d A^e
Take the natural logarithm of both sides, ln Q = ln a + b ln P_x + c ln P_y + d ln M + e ln A
Similarly, the log-linear demand function is obtained by estimating the values of a, b, c, d and e from the data.
2) A substitute good is a good that can be used as a replacement for another good, while a complement good is one whose demand is related to the demand for the original good. So, if the demand for "Love is Strange" is positively related to the price of "Life is fun", that means if the price of "Life is fun" increases, the demand for "Love is Strange" will increase too, then the two products are substitute goods.
3) The linear demand function is obtained by taking the natural logarithm of both sides and using a series expansion to obtain a linear relationship between ln Q and other variables as shown below:-
ln Q = a + b ln P_x + c ln P_y + d M + e A.
The log-linear function obtained in part 1 is given as ln Q = a + b ln P_x + c ln P_y + d M + e A.
Comparing the two equation, we see that the log-linear function is more flexible in capturing changes in Q compared to the linear function because it has more variables that can account for changes in Q.
4) The cross-price elasticity is a measure of how sensitive the demand for one product is to changes in the price of another product. It is given by;
E[Q(X),P(Y)] = (% change in Q)/(% change in P_y)where Q(X) is the quantity demanded of Love is Strange, and P(Y) is the price of cream Life is fun, i.e.,Q = aP_x^b P_y^c M^d A^e
Since Q = aP_x^b P_y^c M^d A^e, the expression for the cross-price elasticity can be calculated by;
E[Q(X),P(Y)] = (% change in Q)/(% change in P_y)= (cP_y^(c-1)
P_x^bM^dA^e)/Q_X x (P_y/Q_y)= c(P_y/Q_y)(Q/X) x (P_x/Q_x) x (M/Q_m) x (A/Q_a)= cP_y/Q_y x E[Q_x,P_x] x E[Q,M] x E[Q,A]
Now, substituting the values, we get:-
E[Q(X),P(Y)] = 0.62 x (-1.66) x (-0.48) x (0.45) x 50/171 = -0.1077
Therefore, the cross-price elasticity of demand is -0.1077.
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Case Studies Southwestern University: (B)* Southwestern University (SWU), a large state college in SWU's president, Dr. Joel Wisse, decided it was time for his Stephenville, Texas, encolis close to 20,000 students. The school isa vice president of development to forecast when the existing stadium dominant force in the small city, with more stadents during fall and would max out." The expansion was, in his mind, a given But spring than perset residents Winner meded to know how long he could wait. He also sought a Always a football powerhouse, SWU is usually in the top 20 in revenue projection, assuming an average ticket price of $50 in 2010 college football rankings. Since the legendary Bo Pinterno was hired and a 5% increase cach year in future price as its head coach in 2003 in hopes of reading the elusive number 1 ranking), attendance at the five Saturday home games cache Discussion Questions increased. Prior to Pinterno's arrival altendance gerally averaged 1. Develop a forecasting model, justifying its selection over other 25,000 to 29.000 per game. Season ticket sales bumped up by techniques, and project attendance through 2011. 10.000 just with the announcement of the new coach's anival 2 What revenues to be capeted in 2010 and 2011 Stepheville and SWU were ready to move to the big time! 3. Discuss the school's options The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953. has eating for 54,000 fans. The following table indicates attes. This integrated case study at the host the text Ohores facing dance at each game for the past 6 years. Southwestan's footballadium include(A) megte din project One of Pitserno's demands upon joining SWU had been asta- dium expansion, or possibly even a new stadium. With attendance food wie Sauplement website loading the new dim (Chapter ) quality of facilities (Chapter 6 ) braket analysis of increasing, swu administrators began to face the issue head-on. (Char3 weet) imetypring of football programe (Chapter Petersohad wanted dormitories solely for his whletes in the state website, and () iting of campus city office for a dium as me additional feature of any expansion days (Chapter 13) Chapter 4 Forecasting Demand 170 4 Southwestern University Football Game Attendance, 2004-2009 2004 2005 Game Attendees Opponent Attendees Opponent 34.200 Baylor 36.100 Oklahoma 39.800 Tees 40,200 Nebraska 38,200 LSU 39.100 UCLA 26.900 Arkansas 25,300 Nevada 35,100 USC 36.200 Ohio State 2006 Attendees Opponent 35.900 TCU 46.500 Texas Tech 13,100 Alaska 27900 Arizona 39.200 Rice 2009 2007 2008 Game Attendees Opponent Attendees Opponent Attendees 41.900 Arkanas 42.500 Indiana 46.900 46,100 Missouri 48.200 North Texas 50,100 43.900 Florida 44,200 Texas A&M 45.900 30,100 Miami 33.900 Southam 36,300 40.500 Duke 47,800 Oklahoma 49.900 His hade thee wekeah, Sharly popular thief to the expectaty e vende and had tot timpul inainen Opponent LSU Texas Prairie View A&M Montana Arizona Sul
The case study provided describes the situation faced by Southwestern University (SWU) in relation to the capacity of its football stadium and the need for expansion.
1. Forecasting Model: To forecast attendance, SWU can use a quantitative forecasting model based on historical data. One approach is time series analysis using techniques like moving averages or exponential smoothing. By analyzing the past six years' attendance data, SWU can identify patterns, trends, and seasonality to develop a reliable forecast for future attendance. Other factors such as team performance, promotions, and external events should also be considered.
2. Revenue Projection: To estimate revenues, SWU needs to multiply the projected attendance by the average ticket price. Assuming an average ticket price of $50, the revenues for each game can be calculated by multiplying the attendance forecast by $50.
3. School's Options: SWU's options for addressing the capacity problem include stadium expansion, building a new stadium, or implementing other measures to manage attendance. The decision depends on factors such as cost, feasibility, funding availability, and long-term objectives.
In order to address the capacity issue faced by SWU, a forecasting model should be developed to estimate future attendance at football games. By analyzing historical data and considering relevant factors, SWU can project attendance for the upcoming years. This attendance forecast, when combined with the average ticket price, can be used to calculate revenue projections. Based on the forecasted attendance and revenues, SWU can evaluate different options to address the capacity problem. The chosen solution should align with the school's objectives, financial resources, and long-term plans.
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suppose a wave of negative animal spirits overruns the economy, and people become pessimistic about the future. to stabilize aggregate demand, the fed could ________ its target for the federal funds rate or congress could ________ taxes.
Suppose a wave of negative animal spirits overruns the economy, and people become pessimistic about the future. To stabilize aggregate demand, the fed could reduce its target for the federal funds rate or congress could reduce taxes.
The economy is usually dependent on animal spirits, which is a term coined by John Maynard Keynes to explain investors' mindset when they make financial decisions. When there is a wave of negative animal spirits overrunning the economy, the overall economy gets affected. People start becoming pessimistic about the future, and thus aggregate demand in the economy tends to fall.
The two ways to stabilize aggregate demand in the economy:
The fed could reduce its target for the federal funds rate, and Congress could reduce taxes. The federal funds rate is the interest rate that commercial banks charge each other for borrowing money overnight. The rate that the Federal Reserve charges banks for borrowing money overnight is referred to as the target rate. When the Fed lowers the federal funds rate, banks are charged less to borrow money, which tends to reduce the cost of borrowing for businesses and consumers, resulting in increased spending and investment, stabilizing aggregate demand in the economy.Congress could reduce taxes, which would provide more disposable income for people to spend, which would increase spending and investment, thus stabilizing aggregate demand in the economy.
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7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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The losses due to human error are minimal; hence, organizations tend to ignore these losses True/False
The statement is false. While organizations may acknowledge that losses due to human error can occur, it is not accurate to say that they tend to ignore these losses.
In fact, many organizations recognize that human errors can have significant consequences and take measures to mitigate and minimize them.
Organizations often implement various strategies to address human errors, including training programs, process improvements, standard operating procedures, quality control measures, and safety protocols.
They understand that even seemingly minor errors can lead to accidents, inefficiencies, financial losses, damage to reputation, and compromised safety.
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