the expected value framework lets us determine the best classification method for a business task, but we cannot use it in a situation that would require multiple classification or regression models. select one: true false
Answers
False, The expected value framework is a decision-making tool that helps us evaluate different classification or regression models based on their expected values.
It takes into account the potential outcomes, probabilities, and costs of each model to determine the one that is most likely to achieve the desired outcome.
When numerous classification or regression models are required, the expected value framework can be used. In fact, it is often used in complex business tasks that involve multiple models or strategies. The framework allows us to compare different models and choose the one that maximizes the expected value or minimizes the expected cost. However, it is important to note that the expected value framework is not a one-size-fits-all solution and may not be appropriate for all business tasks. Other factors such as data quality, model complexity, and business constraints may also need to be considered when selecting the best classification or regression method.
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Related Questions
In a process cost system, the application of factory overhead usually would be recorded as an increase in:
a. finished goods inventory control.
b. factory overhead control.
c. cost of goods sold.
d. work in process inventory control.
Answers
In a process cost system, the application of factory overhead would usually be recorded as an increase in the factory overhead control account. The correct option is (b).
Process cost systems are accounting systems used to allocate product costs. Process cost systems are used in industries that produce a large number of similar or homogeneous goods or products, such as food and beverage, chemical, and pharmaceutical industries.
The process cost system method is ideal for mass production industries that manufacture products using a continuous production process, with one product merging into the next. In this case, each product is identical or similar and cannot be tracked separately.
Process costing allocates costs to each of the production processes, rather than to individual products. The production costs incurred during the production process are recorded in three separate inventory accounts in the process cost accounting system.
These inventory accounts include the work-in-process (WIP) inventory, finished goods inventory, and raw materials inventory accounts. The application of manufacturing overhead would usually be recorded as an increase in the factory overhead control account in a process cost system.
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A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of
O negotiator
O offeree
O merchant
buyer
Answers
Answer:
Merchant
Explanation:
What Are Some Reasons To Have A Credit Card?
list ten different ways you will use your credit.
Answers
Answer:
1 Boost your credit history and score
2 Internet purchases
3 Emergency money
4 Rewards
5 History of purchases
6 No fear of loss or theft
7 Interest free money
8 Merchant protection
9 Insurance on purchases
10 Convenient when traveling
Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make next week in order for your gross margin to equal $32,000? (gross margin=total sales - total cost of sales)
Answers
To be able to make a gross margin of around $32000, the total sales must be around $32,324.
What is gross margin?Gross margin is the total amount of cost benefitted by the sales revenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.
Putting the value of total sales in the given formula, the gross margin is $32,000 when the cost of goods being sold has increased by around 1 percent.
Hence, the gross margin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.
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Answer:B (44814)
Explanation:TS (12687x.001) =126.87+12687=12813.87
12814+3200=44814
One of the many tasks that an Environmental Engineering Technician might do is: Question 3 options:
Conduct pollution survey
Manages invasive plant species
Complete research on wildlife
Work as a farm hand
Answers
One of the many tasks that an Environmental Engineering Technician might do is to conduct a pollution survey.
What is Environmental Engineering Technician?
There are many different positions one might hold within the broad field of environmental technology. One of them is assisting environmental engineers and environmental scientists in identifying, evaluating, preventing and controlling environmental contamination.
Environmental technicians conduct equipment inspections and maintenance, handle hazardous waste, collect samples, oversee waste operations, and perform other tasks as required.
Environmental specialists keep an eye on the environment and look for sources of contamination and pollution, especially those that could have an impact on public health. Additionally, they strive to stop environmental infractions.
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PLEASE HELP!! I WILL GIVE BRAINLIEST!!!
Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answers
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 1,350,000 Selling price per pair of skis $ 450 Variable selling expense per pair of skis $ 49 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $ 150,000 Total fixed administrative expense $ 110,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 290,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Units sold= 1,350,000 / 450= 3,000
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 60,000 + 290,000 - 120,000= $338,000
Absorption costing income statement:
Sales= 1,350,000
COGS= (338,000)
Gross profit= 1,012,000
Total selling expense= (49*3,000) + 150,000= (297,000)
Total administrative expense= (19*3,000) + 110,000= (167,000)
Net operating income= $548,000
Now, the contribution margin income statement:
Sales= 1,350,000
COGS= (338,000)
Total Variable selling expense= (49*3,000)= (147,000)
Total Variable administrative expense= (19*3,000)= (57,000)
Total contribution margin= 808,000
Total fixed selling expense= (150,000)
Total fixed administrative expense= (110,000)
Net operating income= $548,000
Finally, the unitary contribution margin:
CM per unit= 808,000 / 3,000= $269.33
A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir
Answers
The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.
A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.
The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.
The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.
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Complete question:
Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is
Which of these steps is considered the most important when researching and promoting an event?
a) Selecting the best media to reach your target audience
b) Developing your message
c) Defining and analyzing your target audience
d) Establishing your desired end result
Answers
The best step to research and promote an even is by Defining and analyzing your target audience.
What is Research?Research refers to some findings or investigations that help to create or portray new knowledge by using formal nowledge in another way so as to develop new concepts, methodologies and understandings. This can include analysis of former researches, thesis and so on.
Therefore, The best step to research and promote an even is by Defining and analyzing your target audience.
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In analyzing the pharmaceutical industry for a prospective business launch, nicole turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is ___________.
Answers
In analyzing the pharmaceutical industry for a prospective business launch, nicole turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is low.
There are several analytical techniques employed in the pharmaceutical industry, but the techniques commonly used are chromatography techniques like HPLC, LC-MS, GC, and GC-MS. These techniques from the industry standard for analyzing polymorphism in new drugs. Pharma analytics is the usage and application of knowledge analytics within the pharmaceutical industry.
Integrating big data analytics solutions into the pharmaceutical manufacturing process allows companies to achieve valuable insights to accelerate and optimize production. Investors should evaluate a company's "pipeline" (i.e., what percentage of drugs a corporation has in development and also the various stages of clinical testing).
A strengths, weaknesses, opportunities, and threats analysis. A strengths, weaknesses, opportunities, and threats (SWOT) analysis revealed the subsequent observations. Strengths. Malta encompasses a mature pharmaceutical industry with an adequate manufacturing base and capacity to provide quality drugs.
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Q. Keeping in mind the rural area to be targeted, being a marketing manager of xyz Co. Which proactive marketing would you use to serve the target audience? Justify
Answers
Answer: Use of Radio, Television, Billboards, magazine and newspaper
Explanation:
Proactive marketing marketing or advertising is advertising in areas or location that your product or service in the places where people are not already looking or asking. Example of proactive marketing strategies to use are Television, magazine, radio commercials, billboards. Radio, Television and billboards will travel faster, because they can see the billboards and Television, also majority use radio
Something that is
is able to be touched.
prestigious
relatable
tangible
a goal
Answers
Answer:
Tangible
Explanation:
Something that is tangible is able to be touched.
Baako Ltd purchase motor vehicle as follows date 01/01/13 800,000$,01/01/13 400,000$,01/04/15 600,000. The company adopts straight line method of depreciation at the rate 10% per annum from the date of purchase separate account is prepared for provision for depreciation. On 30th June, 2014 the motor vehicle which was purchase on 1st July was sold for 24,000$. You are required to prepare (a) motor vehicle account for the years 2013,2014 and 2015. (b) motor vehicle disposal account.
Answers
Baako Ltd purchase motor vehicle as follows date 01/01/13 800,000$,01/01/13 400,000$,01/04/15 600,000. The company adopts straight line method of depreciation at the rate 10% per annum from the date of purchase separate account is prepared for provision for depreciation. On 30th June, 2014 the motor vehicle which was purchase on 1st July was sold for 24,000$. You are required to prepare (a) motor vehicle account for the years 2013,2014 and 2015. (b) motor vehicle disposal account.
Dash Plumbing is an established company with 12 employees and a small office in the suburbs of Atlanta. The company had an old copier that was breaking down often, to the dismay of the staff, and it had the resources to buy a new one. Which best describes this situation
Answers
Answer:
The people at dash plumbing are in the market for a new copier
Explanation:
Since in the question it is mentioned that Dash publishing is an established company that has 12 employees and has a small office in Atlanta. Also the old copier breaks down and the resources to purchase
So the given situation represent that the dash plumbing people come in the market for a new copier and the same is to be considered
when a large organization has departments based on areas of production, what type of departmentalization is being utilized?
Answers
Product departmentalization is being utilized. Product departmentalization is an organisational technique in which personnel are divided into teams to work on all areas of a specific project or product line.
Every product line has its own department or team, with people specialising in various elements of product development and distribution. LA Gear is a corporation that employs product departmentalization. Its structure is built on its diverse product lines, which include women's footwear, among other things. Customer departmentalization is the grouping of activities based on common customers or customer kinds. Product departmentalization distinguishes employees based on the organization's products or services.
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In order to be listed on the NYSE ( New York Stock Exchange) a company must meet the 4 minimum requirements. Which one is not a requirement?a. Firm Sizeb. Corporate earningsc. Trading postsd. level of trading volume
Answers
In order to be listed on the NYSE ( New York Stock Exchange) a company must meet the 4 minimum requirements, one is not a requirement: Trading posts. The correct option is C.
a. Firm Size - A minimum requirement, as the company must meet specific market capitalization criteria.
b. Corporate earnings - A minimum requirement, as the company must have a certain level of financial performance, including profitability.
c. Trading posts - NOT a minimum requirement for listing on the NYSE. Trading posts are physical locations on the trading floor where stocks are bought and sold, and are not a requirement for a company to be listed.
d. Level of trading volume - A minimum requirement, as the company must have sufficient liquidity for its shares to trade efficiently.
So, the option that is not a minimum requirement for a company to be listed on the NYSE is "c. Trading posts."
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Complete question:
In order to be listed on the NYSE ( New York Stock Exchange) a company must meet the 4 minimum requirements. Which one is not a requirement?
a. Firm Size
b. Corporate earnings
c. Trading posts
d. level of trading volume
What is the customer orientation of a company, and why is it important for a
business to be customer-focused? Give an example of a real organization to
substantiate your answer.
Answers
Cost Approach to Value
There are five basic steps to the cost approach:
1. Estimate the value of the site as if vacant.
2. Estimate the reproduction cost or replacement cost (new) of all the improvements (excluding any included as part of the site value).
3. Estimate accrued depreciation from all causes (physical deterioration, functional obsolescence, and external obsolescence).
Answers
The cost approach to value is one of the three main approaches used in real estate appraisal.
It is based on the principle of substitution, which states that a rational buyer will not pay more for a property than the cost of acquiring an equally desirable substitute property. The approach involves five basic steps, starting with estimating the value of the site as if vacant, followed by estimating the reproduction or replacement cost of all the improvements, and then estimating the accrued depreciation from all causes.
The final step involves subtracting the total accrued depreciation from the replacement cost to arrive at the property's value. The cost approach is particularly useful when valuing new or recently constructed properties that do not have a significant sales history.
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Select the two statements about owners of equity in a business that are TRUE.
1.Contractors own equity.
2.A Partner owns equity.
3.All stakeholders own equity.
4.Founders own equity.
Answers
Answer:
2 and 4
Explanation:
Contractors are people who work for the company, but are not employees. They don't own equity.
A partner is one of the shareholders in a company, and owns equity.
Stakeholders are anyone with an interest in the company's success, including its clients. They don't necessarily own equity.
The founder owns all of the equity until she takes on partners, who then own part of the equity.
A Partner owns equity and Founders own equity are the two statements about owners of equity in a business that are TRUE. The correct option is 1 and 2.
Equity in a company refers to ownership interests. Equity is typically held by partners and founders to represent their ownership stake in the business. While founders are the original creators or co-creators of the business, partners are people who share ownership and responsibility in a business venture.
On the other hand, contractors may offer services to the company but usually do not hold ownership rights. The phrase "all stakeholders" refers to a wide range of people and organizations that are impacted by the business, including staff members, clients, vendors and investors. Despite the fact that some stakeholders may have equity ownership not all of them will. As a result the statements that partners and founders own equity in a business are true.
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kylie is a single mom with two dependent children, tanner, age 7 and olivia, age 11. she has agi of $144,000 and paid $18,000 to a qualified day care center for the two children. what amount of credit can kylie receive for the child and dependent care credit in 2021?
Answers
Kylie is a single mom with two dependent children, tanner, age 7, and Olivia, age 11. The amount of credit can kylie receive for the child and dependent care credit in 2021 is $5,220.
For Child tax care credit will be 35% of Expenses for AGI below $15,000, % will decrease by 1% for every next $2,000 of AGI. In this case,
Total Expense = $18,000
Applicable Percentage (35%) -[(144,000-15000)/2000*1% ] = 29% .
(Ignore Fraction)
Child and Dependency Care tax Credit = $18,000*29% = $5,220
To be considered eligible, dependents must meet the following criteria: Children under the age of 13. A spouse who is physically or mentally unable to care for himself. Adults who can be declared as dependents on tax returns and who are physically or mentally incapable of self-reliance.
Dependents With FSA, you can use your pre-tax money to pay for child care for a loved one under the age of 12. Includes daycare, preschool, and summer day camps. You can also pay to care for your incapable spouse or loved one. This includes elderly care and domestic help.
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Assume Gillette Corporation will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at 11.5% per year thereafter until the 5th year. Thereafter, growth will level off at 1.7% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 8.9% ? The value of Gillette's stock is $__
Answers
The value of a share of Gillette stock, according to the dividend-discount model, would be $19.14.
To determine the value of a share of Gillette stock, we can use the dividend-discount model. According to the given information, Gillette will pay an annual dividend of $0.62 one year from now. Analysts expect this dividend to grow at a rate of 11.5% per year until the 5th year, after which the growth rate will level off at 1.7% per year.
To calculate the present value of future dividends, we need to discount each dividend by the firm's equity cost of capital, which is 8.9%. The formula for the dividend-discount model is:
Value of Stock = Dividend / (Cost of Capital - Growth Rate)
Using this formula, we can calculate the present value of the dividends. In the first five years, we need to discount each dividend at the equity cost of capital rate of 8.9%. From the 6th year onwards, we discount the dividends at the growth rate of 1.7%.
Calculating the present value of the dividends and summing them up, we find that the value of a share of Gillette stock is $19.14. Therefore, according to the dividend-discount model, the stock is valued at $19.14 per share.
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Suppose that when the price of laundry detergent decreases from $4. 10 to $3. 50, quantity supplied decreases from 260 to 180.
Using the mid-point elasticity approach, calculate price elasticity of supply
Answers
The price elasticity of supply, calculated using the mid-point elasticity approach, for the given change in price from $4.10 to $3.50, resulting in a decrease in quantity supplied from 260 to 180, is approximately 0.81.
The mid-point elasticity formula is given by:
Elasticity = ((Q2 - Q1) / ((Q1 + Q2) / 2)) / ((P2 - P1) / ((P1 + P2) / 2))
Substituting the given values into the formula, we get:
Elasticity = ((180 - 260) / ((260 + 180) / 2)) / (($3.50 - $4.10) / (($4.10 + $3.50) / 2))
= (-80 / (440 / 2)) / (-0.60 / (7.60 / 2))
= (-80 / 220) / (-0.60 / 3.80)
≈ 0.81
Therefore, the price elasticity of supply is approximately 0.81. This value indicates that the supply of laundry detergent is relatively inelastic, meaning that a change in price does not have a proportionately large effect on the quantity supplied.
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Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of_______ available from your employer.
1)benefits
2)deductions
3)pensions
4)allowances
Answers
Answer:
1)benefits
Explanation:
Benefits are items or things that improve the well being of employees. Apart from salaries, an employer may extend other benefits to workers to motivate them to work harder and to show their concern for their well-being. Benefits may be in monetary or non-monetary form.
Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are some of the benefits employers may extend to employers. They make the job more attractive to employees. Employers use salaries and benefits to attract and retain the best workers.
True/False :Manager of a software company should promote productivity and sacrifice quality and ethical approach a little bit if needed, because software engineering is a balancing act.
Answers
False. The manager of a software company should not promote productivity at the cost of sacrificing quality and ethical approach. In fact, it is the responsibility of the manager to ensure that the company produces quality software that meets the ethical standards.
Software engineering is indeed a balancing act, and the manager must balance productivity, quality, and ethics to ensure the success of the company.
Sacrificing quality and ethical approach in the pursuit of productivity can lead to serious consequences, such as loss of reputation, customer dissatisfaction, and legal issues. Quality and ethics should always be at the forefront of software development, and the manager must ensure that the team understands this.
Furthermore, promoting productivity at the cost of quality and ethics can actually be counterproductive in the long run. Poor quality software can result in increased costs due to maintenance and bug fixes, while unethical practices can harm the company's reputation and drive away potential customers.
In conclusion, while software engineering is indeed a balancing act, the manager of a software company should prioritize quality and ethical approach over productivity to ensure the long-term success of the company.
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HURRY PLZ IM ON A TIMED TEST!!!!!!!!!!!!!!!!!!!!!! WILL GIVE BRAINLIEST...............Which career is best suited for people who have a high school diploma? administration and information support human resources business financial management and accounting business analysis
Answers
Answer:
Gaming managers.
Business operations specialists. ...
Transportation inspectors. ...
Electrical power-line installers and repairers. ...
Postmasters and mail superintendents. ...
Subway and streetcar operators. ...
Petroleum pump system operators, refinery operators, and gaugers.
Explanation:
Answer:
a little late but I believe it would be administration and information support
Explanation:
Project manager Anna is working with her team on risk management. Match the components of risk management with what each component involves.
includes risk identification
includes impacts of risks and
responses
Includes action for minimizing risks
Includes risk monitoring
includes analysis of consequences
includes prioritization of measures
Answers
These management of risk serves as assessment and controlling of threats to an organization's capital and earnings.
What is risk management?This management entails the identifiying, analyszing and responding to risk factors that form part of the life of a business.
The risk identification in risk management includes documenting and communicating of concern of threats.The impacts of risks & responses in risk management includes efforts to assess the consequences of an existing risk.The action for minimizing risks inculudes use of insurance to minimize loss occuring from a risk.The action of risk monitoring tracks and evaluates the levels of risk in an organisation.In conclusion, the risk management is an essential part for an a project management because a managed risks will significantly increase the likelihood of project success.
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Answer:
includes risk identification- Risk Evaluation
includes impacts of risks and responses- Risk Control
Includes action for minimizing risks- Risk Control
Includes risk monitoring- Risk Evaluation
includes analysis of consequences- Risk Evaluation
includes prioritization of measures- Risk Control
Explanation:
what percent increase when 8 is made to 10
Answers
Answer:
25 percent
Where: 8 is the old value and 10 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.
Explanation:
i hope you understand
A percentage is a way to describe a part of a whole. The percentage increase when 8 is made to 10 is 25%.
What are Percentages?A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.
To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.
Th percentage increase or decrease is calculated using the formula,
Percentage increase or decrease
= (Final value - Initial value)/ Initial value × 100%
If the result is negative than there is percentage decrease if the value is positive than there is percentage increase.
Given that the initial value was 8, while the final value was 10. Therefore, The percentage increase when 8 is made to 10 is,
Percentage = (10 - 8)/8 × 100%
= 2/8 × 100%
= 1/4 × 100%
= 0.25 × 100%
= 25%
Hence, The percentage increase when 8 is made to 10 is 25%.
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What section of the economy is the largest employer
Answers
Answer: public schools in the us
Explanation: 6,646,292...
consider the following story: province ranch, an industry leading provider in vehicle insurance, recently expanded to cover motorhomes. province ranch had concerns that the most likely motorhome insurance customers are those who drive their motorhomes in high-density traffic areas (thus exposing them to the most damage on the road), because they would benefit most from insurance coverage. since province ranch is unable to distinguish perfectly between high-risk and low-risk areas, it raised its motorhome premiums in an effort to account for the riskier drivers. the economic problem in this story is known as: screening adverse selection signaling moral hazard
Answers
Adverse selection is the name for the economic issue in this narrative. It increased its motorhome insurance rates to reflect the riskier drivers.
The social science of economics examines how products and services are made, distributed, and consumed. Economics is the study of scarcity and its effects on resource use, the creation of commodities and services, the expansion of production and welfare over time, as well as a host of other intricate issues of utmost significance to society. Economics is the study of how people allocate limited resources for production, distribution, and consumption among individual and community uses. Economics has two subfields: macroeconomics and microeconomics. The basic objective of economics is to maximize exchange and production efficiency. A 20th-century definition of economics by English economist Lionel Robbins was "the field that evaluates human behavior as a link between scarce resources that have alternative uses and (given) purposes."
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