tamara is the sales representative of a pharmaceutical company. when making sales calls, she uses ingratiation techniques to make the prospects feel good about themselves. by this, tamara is appealing to the prospects' . a. self-control b. social affect c. self-concern d. social cognition

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Answer 1

The ingratiation technique to appeal to prospects used here is "social affect."

What are ingratiation techniques ?

Ingratiation techniques are strategies used to gain favour or make a positive impression on others. In the context of sales and marketing, these techniques can be used to appeal to the social affect of prospects or customers.

Examples of ingratiation techniques include:

Flattery: Complimenting the other person or their abilities.

Conformity: Agreeing with the other person's opinions and preferences.

Supplication: Expressing a need for the other person's help or support.

Association: Making a connection between the product or service being offered and a positive experience or well-known person.

Self-disclosure: Sharing personal information in order to build rapport and increase trust.

Ingratiation techniques are often used in sales, customer service, and other customer-facing roles in order to build trust and positive relationships with prospects and customers.

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Related Questions

when using a cost formula to determine total expected costs for cost items having a mixed (semi-variable) cost behavior pattern, total costs are expected to decrease and per unit variable costs are expected to:

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When using a cost formula to determine total expected costs for cost items having a mixed (semi-variable) cost behavior pattern, total costs are expected to decrease, and per unit variable costs are expected to remain constant as the level of activity decreases.

The total cost formula is utilized to drive the collective variable costs and fixed costs of a bunch of goods or services. This knowledge can help evaluate the total cost of a product or derivative line. The formula is the standard fixed cost per unit plus the average variable cost per unit, multiplied by the number of divisions. The description of a fixed cost is a cost that does not vary with volume, so the average fixed cost component of the formula simply involves within a very limited volume spectrum.

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a novice manager is frequently late for appointments. this manager's colleagues are likely to have what perception of the manager?

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A novice nurse-manager is frequently late for appointments. This manager's colleagues are likely to have the perception that 3.The manager does not value other people's time.

Who is manager ?

A manager is a qualified someone who leads an organisation and oversees a group of workers. Managers frequently oversee a certain department within their organisation. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.

We also need perception to survive in our surroundings. For instance, parents taste microwaved food before feeding it to their children to ensure that it is not too hot.

The proper question is "A novice nurse-manager is frequently late for appointments. This manager's colleagues are likely to have what perception of the manager?

1.The manager is overworked with too many responsibilities.

2.The manager needs additional management training.

3.The manager does not value other people's time

4.The manager lacks the skill necessary for the job."

Hence option 3.The manager does not value other people's time is correct.

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how is market-to-book ratio measured? multiple choice question. market value per share/book value per share market value of bonds/book value of bonds market value of sales/book value of costs book value per share/market value per share

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The market to book ratio is calculated by dividing the current closing price of the stock by the most current quarter's book value per share .

What is the market book value ratio?

By comparing a company's book value to its market value, the book-to-market ratio may be calculated.

                     When assets are subtracted from liabilities, the remaining amount is the book value. A company's market value is calculated by multiplying the market price of one of its shares by the total number of outstanding shares.

What is a formula example for market to book ratio?

To put it another way, it is the market capitalisation of a corporation at a particular moment.

                 As a result, it can be determined using the formula Market Capitalization = Price Per Share * Total Shares Outstanding. Total Shareholder Funds - Preferred Share Capital is how book value is calculated.

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A customer is interested in shipping a package, but is unhappy with the price. He insists he can ship elsewhere for less.

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ML Try to understand the customer's requirements and offer a comparable but less costly alternative. that your price levels are consistent across the country and that you are not able to change them.

Is it difficult to consistently surprise or pleasure customers by providing dependable service?

It is extremely difficult to consistently shock or pleasure customers by providing dependable service. Companies not only need to consistently exceed the adequate level of service but also attain the desired service level in order to develop a true customer series immutable customer loyalty.

Are tolerance zones a source of great implication?

Tolerance zones are a source of great implication. The personal service philosophy of a customer influences his or her sufficient service expectations.

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can you come up with a strategy for the quants to calculate the average salary without knowing other people's salaries?

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To calculate revenue average, you may add up all the salaries in your chosen crew and divide by using the humans in that group.

How can 4 personnel calculate the average of their salaries barring  understanding other's salary?

Write the four random numbers in four portions of paper, put the paper into a jar. People draw the paper, substract her own revenue with the random number, post the answers. Then they collectively can add the answers together and add again (m+n+l+k). This will supply them the sum of their salaries and so the average.

You can calculate the average base, imply salary, or average revenue by using adding all the salaries for a pick crew of personnel and then dividing the sum by the variety of employees in the group.

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To calculate revenue average, you may add up all the salaries in your chosen crew and divide by using the humans in that group.

How can 4 personnel calculate the average of their salaries barring  understanding other's salary?

Write the four random numbers in four portions of paper, put the paper into a jar. People draw the paper, substract her own revenue with the random number, post the answers. Then they collectively can add the answers together and add again (m+n+l+k). This will supply them the sum of their salaries and so the average.

You can calculate the average base, imply salary, or average revenue by using adding all the salaries for a pick crew of personnel and then dividing the sum by the variety of employees in the group.

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It is not always necessary to go through all the steps in the marketing planning process.

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The marketing planning process does not necessarily require that all steps be completed. A company's detailed plans of action to accomplish its objectives are outlined in its mission statement.

Do you always need a marketing strategy?

A marketing plan is one of the most crucial business tools that every firm can use. A bank will want to know about your marketing strategy if you're seeking finance to launch a firm.

What factors are crucial to the marketing planning process?

Defining the company's business environment and competitive positioning is the first step in the marketing strategy process. The next step is to decide what is required in terms of market research, target markets, and marketing goals.

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Gathering feedback needed to ensure that expectations are being met is part of ________?

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Controlling includes gathering the data required to confirm that specific expectations have been met. demonstrating the value of the company's initiatives through data

What do you mean by "company"?

Apart from its owners, it corporation is a legitimate organization with a corporate structure. Its setup and maintenance are more expensive and it has a complicated organizational structure.

What makes up the core of a business?

Every company's personnel serves as its cornerstone, therefore we must pay attention to them and come up with innovative, inclusive, and fun methods to engage them.

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economics considers the desirability of certain aspects of the economy and underlies expressions of support for particular economic policies. multiple choice question. macroeconomics positive normative microeconomics

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Economics considers the desirability of certain aspects of the economy and underlies expressions to support particular economic policies in normative microeconomics. Hence option (B) is correct.

Normative economics aspects mean deciding individuals' attractiveness or the deficiency in that department to different monetary projects, circumstances, and conditions by asking what ought to occur or what should be. Thusly, standardizing proclamations commonly present an assessment-based examination.

Normative by and large means connecting with an evaluative norm. Normativity is the peculiarity in human social orders of assigning a few activities or results as great, alluring, or passable, and others as terrible, unwanted, or impermissible.

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This question is not correct , Here I am attaching the complete question:

Economics considers the desirability of certain aspects of the economy and underlies expressions of support for particular economic policies. multiple choice question.

(A) positive microeconomics

(B) normative microeconomics

(C) microeconomics

according to mr. wheeler, what is the primary thing that must happen in business for everything to function properly?

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In general, for a business to function properly, several factors are crucial, and the primary thing could vary depending on the industry, market, and company.

Some critical factors that could affect a business's success include effective leadership, efficient operations, good financial management, innovative products/services, strong customer service, and a skilled workforce. To maintain success and growth, businesses must continually adapt and respond to changing market conditions, consumer preferences, and emerging technologies.

Overall, it is challenging to pinpoint a single primary thing that must happen in business for everything to function properly, as there are many interrelated components that must work together. Each business is unique, and success depends on various factors, including the industry, market, and company's specific situation.

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a modern cost allocation process that employs multiple cost drivers is:multiple choice contribution costing.job order costing.activity-based costing.process costing.

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The predicted (budgeted) overhead expenditures for the year are divided by the anticipated (budgeted) level of activity for the year to arrive at the predetermined overhead rate.

The proper response is that volume measures are effective drivers of fixed overhead expenses. When the level of activity is quantified in machine hours and direct labor hours, a volume measure is utilized in plant facilities to provide results. It is distinct from the entity used to calculate the budget denominator, which is used to calculate the fixed overhead standard rate. The variance is unfavorably if the denominator of hours is greater than the maximum allowed, and favorably if the converse is true. Predetermined overhead rate, which is often calculated at the start of each period by dividing the projected manufacturing overhead cost by an allocation basis, is used to apply manufacturing overhead to goods or task orders (also known as activity base or activity driver).

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you need to purchase otc (over the counter) treatments for family member exhibiting the common cold symptoms, and are looking for information on a specific product. the product has been available for purchase for the past 6 months. which source provides the best possible source of information regarding the product?

Answers

The finest source of information about the device is a televised evaluation of it that a consumer watch reporter did and it aired a month ago. Therefore, choice b is right.

Historically, children's upper respiratory infections have been treated and their symptoms lessened using over-the-counter (OTC) cough and cold medications. These medications' effects on children are the subject of in-depth research.

There is no reason to believe that over-the-counter pharmaceuticals are error-free, even if they have all been shown to be safe for people and each one has a unique set of negative effects. Over-the-counter medicines do not require a prescription.

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The correct question is-

You need to purchase OTC (over-the-counter) treatments for family members exhibiting common cold symptoms and are looking for information on a specific product. The product has been available for purchase for the past 6 months. Which source provides the best possible source of information regarding the product?

a. An online review was written 3 days ago by the creator of a competing product.

b. A televised review for this product, aired 1 month ago by a consumer watch reporter.

c. The advertising brochure, written by the marketing department, for this product, which was written 8 months ago.

d. A short, enthusiastic review for a similar product, produced by the same company that was written 3 years ago by a consumer.

which part of the business plan identifies plans for pricing policies?a).Self-analysis b).Proposed marketing plan c).Trading area analysis d).Product description

Answers

Plans of pricing policies are identified in the business plan's self-analysis section.

What do you mean by business?

Anyone engaged in business is one who creates goods or renders services with the goal of making a profit. Economic Definition. The company is a creative organisation or team that partakes in professions. These can be commercial, industrial, or something else else.

Why is business so important?

Our lives largely depend on business. They begin by producing goods and services that satisfy our requirements and desires. Then, they enlist households as workers and compensate them with salaries, salaries, and benefits. As a result, it turns into a source of income for individuals, that they could utilise to maintain their way of life.

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please refer to the graph shown above. if the government implements a price floor of $7.25 per hour, there will be a: group of answer choices surplus of 400 workers. surplus of 300 workers. shortage of 400 workers. shortage of 300 workers.

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If the government establishes a price floor of $4.50 per hour, there will be a surplus of 300 labor hours.

A price floor is a minimum price set by the government for a good or service. In this case, the price floor is $4.50 per hour for labor. If the market wage for labor is higher than the price floor, the market will function normally and the number of workers supplied and demanded will reach equilibrium. However, if the market wage is below the price floor, there will be a surplus of labor as workers are willing to supply more labor hours at the higher wage rate, but firms are only willing to hire a lower number of workers at the higher wage. In this scenario, there will be a surplus of 300 labor hours.

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true or false: the market for carrots exhibits the two primary characteristics that define perfectly competitive markets.

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True. The carrot market can show two main characteristics that define a perfectly competitive market, namely:

Large number of buyers and sellers: The carrot market has many buyers and sellers, which ensures that no single participant has the ability to significantly influence the market price.Homogeneous product: Carrots are a homogeneous product, meaning that there are no significant differences between the carrots sold by different suppliers. This ensures that no one supplier has an advantage over another, leading to a competitive market.

However, it is important to note that perfectly competitive markets are rare and the carrot market may have imperfections that prevent it from being perfectly competitive, such as the presence of significant barriers to entry or government intervention.

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if the interest rate is 5 percent and cash flows are $3,000 at the end of year one and $5,000 at the end of year two, then the present value of these cash flows is

Answers

The present value of these cash flows is $7392.29 if the interest rate is 5% and they total $3,000 and $5,000 at the end of years one and two, respectively.

What exactly is cash flow?

The net amount of cash that a company receives and expends over the course of a given period of time is known as cash flow. For a firm to continue operating, a positive cash flow must be maintained. Positive cash flows are also necessary to produce value for investors.

Investors in particular prefer to see growing cash flows even after capital expenditures have been paid (which is known as free cash flow). Typically, a month, quarter, or year is used as the normal reporting period over which cash flow is monitored.

Calculation:

The values used in the questions are listed below.

5% interest rate

Initial cash flow is $3000.

Two-year cash flow equals $5,000

Now, using the aforementioned figures, we must determine the present value of these cash flows.

The present value is determined as follows:

Cash Flow = Cash Inflow / (1 + i)^N  

[tex]\frac{3000}{(1+0.05)^{1} } + \frac{5000}{(1+0.05)^{2} }[/tex] is the present value.

Value Today = $7,392.29

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When a good is taxed, the burden of the tax falls mainly on consumers if:
a. supply is inelastic, and demand is elastic.
b. the tax is levied on producers.
c. supply is elastic, and demand is inelastic.
d. the tax is levied on consumers.

Answers

Answer:

C. supply is elastic, and demand is inelastic.

Explanation:

your bank quotes a 9% apr on your car loan (.75 percent interest each month). what is the ear? multiple choice question. 9.38% 9% 9.62% 13.82%

Answers

So the EAR for this car loan is 9.62%. This means that the actual annual cost of the loan, taking into consideration the effects of compounding, is 9.62%.

The Effective Annual Rate (EAR) is the actual annual rate of interest that is earned on an investment, taking into account the effects of compounding. The EAR takes into consideration the frequency of compounding and the nominal interest rate to provide a more accurate reflection of the true cost or return of an investment.

In this case, the bank quotes a 9% APR on the car loan, which translates to a monthly interest rate of 0.75%. To calculate the EAR, we need to determine the interest rate compounded monthly and calculate the annual rate based on this compounding frequency:

Monthly Interest Rate = APR / 12

= 9% / 12

= 0.75%

EAR = (1 + Monthly Interest Rate)¹² - 1

= (1 + 0.75%)¹² - 1

= (1.0075)¹² - 1

= 1.0962 - 1

= 0.0962 or 9.62%

Therefore, the answer to the multiple choice question is 9.62%.

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what circumstances during the early days of industrialization led to a need for reform? check all that apply. factory equipment was dangerous to operate. there were too few capable workers to fill positions. there was little government regulation of workplaces. a typical work shift might be twelve to sixteen hours lo

Answers

The machinery in the factory was hazardous to use. Government control of workplaces was rather minimal.

A typical work shift could last anywhere from twelve to sixteen hours.

When a society or country moves its economic focus from business to agriculture, this is described as industrialisation.

The utilization of automated mass manufacturing methods is a major component of this transition.

Economic expansion, a more effective division of labour, and a surge in technological innovation are some of the benefits of industrialization.

Industrialization is the transition from an economy based on agriculture or natural resources to one based on mechanised production.

Industrialization is typically linked to higher average incomes and higher standards of living.

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question content area top part 1 irrelevant factors should not be considered when making decisions. question content area bottom part 1 true false

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The statement is True. Irrelevant costs are costs that do not affect short-term decisions

Irrelevant costs are expenses, either certain or negative, that wouldn't be impacted by an administration choice. Superfluous expenses, like fixed above and sunk costs, are along these lines overlooked when that choice is made. Be that as it may, it's basic for a supervisor to have the option to recognize a superfluous expense to save the business possibly. Arranging costs as either insignificant or applicable is helpful for administrators settling on conclusions about the benefit of various other options. Costs that stay something very similar, paying little heed to which option is picked, are insignificant to the choice being made.

Since an Irrelevant costs might be a significant expense in an alternate administration choice, it is critical to officially characterize and record costs that ought to be barred from thought while arriving at a choice

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gina works for an advertising agency. before she begins designing a commercial, her boss instructs her to conduct a focus group of current customers. in other words, her boss is asking her to:

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Members of Marta's team are able to precisely comprehend her intended message when she explains a project to them. From this, it may be inferred as Marta is a skilled communicator.

Give an example of what a project is?

The Project Management Institute (PMI) defines it as an endeavor that is performed temporarily with the goal of producing a special good, service, or outcome. A project would be, for instance, the construction of a house, which is a transitory collection of construction tasks intended to produce a singular residence.

What definition of a project is best?

A project is a collection of duties that must be carried out in order to achieve a specific objective or result. These activities can be simple or complex, depending on the project's size and scope, but every project can be divided into objectives as well as what must be done to fulfill them.

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government can intervene in the market through a. price floors b. price ceilings c. taxes d. all of the above

Answers

To address any inefficiencies and indescrepencies that can develop in the market over time, the government intervenes in the market. Taxes, subsidies, price floors, ceilings, and other forms of government interference are all possible. Option (d) is correct.

What is government intervention in the market?

The term "government intervention" refers to a government's declaration that it must actively engage in transaction disputes between market participants as a rule maker or market regulator.

Governments can impose tariffs, which add taxes to imported goods, or subsidies, which raise prices and improve the appeal of indigenous goods by taxing the public and transferring the money to industry. Businesses or entire industries might be stymied by increased taxes, levies, and regulations.

Therefore, Option (d) is correct.

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according to the u.s. energy information administration, the proven oil reserves existing in the world in 2018 consisted of 1,663 billion barrels. in that year, the u.s. energy information administration reported that the world's daily oil production was 82.92 million barrels a day. a. at this rate, for how many years, will the proven oil reserves last? notice that the world's oil production is in barrels per day, so the answer will need to be converted from days to years. discuss the malthusian view in the context of the number you just calculated.

Answers

It will be 1.663/82.92 = 0.02 which is equivalent to 20 years. Malthusianism is the notion that population increase is likely to be exponential while food supply or other resource expansion is linear, ultimately reducing living standards to the extent that a population dies out.

What is Malthusianism?

Malthusianism is the idea that population growth is potentially exponential while the growth of the food supply or other resources is linear, which eventually reduces living standards to the point of triggering a population die-off. This event, called a Malthusian catastrophe also known as a Malthusian trap, population trap, Malthusian check, Malthusian crisis, Malthusian spectre, or Malthusian crunch occurs when population growth outpaces agricultural production, causing famine or war, resulting in poverty and depopulation.

In 1798, Thomas Malthus proposed his hypothesis in An Essay on the Principle of Population.

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an uninsured patient receives services with charges of $5,000 from a hospital. the hospital staff bills the patient $1,000 and records $4,000 as charity care. if the hospital's ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in schedule h of irs form 990?

Answers

2000 receives an uninsured patient

Why are people uninsured?uninsured adults said that they were uninsured because the cost of coverage was too high. Many people do not have access to coverage through a job, and some people, particularly poor adults in states that did not expand Medicaid, remain ineligible for financial assistance for coverageUninsured Patient Discount means a write-off of a portion of the Hospital's reasonable, necessary, usual and customary billed charges, taken at the time the uninsured patient is billed for the Medically Necessary Services rendered.Health insurance: How it protects you from health and financial risks. No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs.

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temporary differences arise when revenues are taxable after they are recognized in financial income before they are recognized in financial income a. yes yes b. yes no c. no no d. no yes

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Temporary differences arise when there is a difference in the timing of recognition of income or expenses for financial reporting purposes versus tax reporting purposes.

In the case of revenues, temporary differences can occur when revenues are taxable after they are recognized in financial income, but before they are recognized in taxable income.

The correct answer is (b) yes, no.

For example, let's say a company sells a product in December, but the customer doesn't pay until January. Under the accrual basis of accounting, the company recognizes the revenue in December when the product is delivered, even though the payment is received in January. However, for tax purposes, the revenue is not taxable until the payment is received in January. This creates a temporary difference, where the revenue is recognized in financial income, but not in taxable income until the following year.

Temporary differences can also occur in the opposite direction, where revenues are taxable before they are recognized in financial income. For example, a company may receive an advance payment for goods or services that it has not yet provided.

For tax purposes, the revenue from the advance payment may be taxable immediately, while for financial reporting purposes, the revenue is not recognized until the goods or services are provided.

Temporary differences have important implications for financial reporting and tax planning. They can result in deferred tax assets or liabilities, which can impact a company's financial statements and effective tax rate.

Companies must carefully consider the timing of recognition of income and expenses for both financial and tax purposes in order to optimize their tax position and comply with accounting standards.

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a new fertilizer that makes orange trees produce more oranges. what is the effect on the equilibrium price and quantity? a. equilibrium price decreases; equilibrium quantity increases b. equilibrium price increases; equilibrium quantity increases a. equilibrium price decreases; equilibrium quantity decreases b. equilibrium price increases; equilibrium quantity decreases

Answers

A new fertilizer that makes orange trees produce more oranges. the effect on the equilibrium price and quantity equilibrium price decreases; equilibrium quantity increases.

What will happen to the equilibrium orange price and yield?

The equilibrium quantity will rise while the equilibrium price falls. Orange supply will rise and the supply curve will move to the right if extraordinarily fine weather results in a significantly larger than anticipated orange harvest.

when researchers say that consuming oranges lowers the risk of developing diabetes?

Orange consumption rises as a result of scientific findings that oranges reduce the incidence of diabetes. As a result, the demand curve moves to the right. The new fertilizer boosts orange tree productivity, which enhances the fruit supply. The supply curve also moves to the right as a result.

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lenders and investors worry about default, interest rate, marketability, and liquidity risks. group startstrue or false true, unselected false, unselected group ends

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True, the internal rate of return is the rate of return on an investment project throughout the period of its useful life.

When comparing the present value of cash inflows and outflows, the internal rate of return is used as a discount rate (or costs). In some situations, a project may have more than one IRR. A net present value greater than zero. The internal rate of return is the rate of return on an investment project throughout the period of its useful life. When rating investment ideas, the internal rate of return technique shows that investments with higher internal rates of return are more appealing. As a result, consumer confidence and perceptions of household wealth can decline. Customers may be less likely to spend their extra money on big purchases or on other things as a result.

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tealeaver inc. has requested jason, a retiring employee, to train new employees on some essential job duties. in a bid to retain jason for a short period of time, the company has offered him phased retirement, which means that his .

Answers

In order to hire Jason for a short period of time, the company offered him semi-retirement.

Semi-retirement is a workplace system that allows retired workers to continue working, but with reduced workload and salary levels.

These employees will eventually transition from full-time employment to full-time retirement. Partial retirement also allows workers to receive flexible retirement income while still in the workforce.

Strategic HR partners can improve individual, team, and organizational performance by:

Connect HR efforts and initiatives to business goals. Work with leadership to communicate company mission and strategy.

Responsibility for conducting recruitment research is tied specifically to his HR function in Employee Relations.

Performance evaluation, also known as performance management, seems like a simple process, but it is rarely on both sides. 

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sweden and finland produce only two goods, herring and cell phones, and this table shows the maximum amount that each nation can produce of the two goods. sweden finland herring 100,000 50,000 cell phones 10,000 10,000 table 4-3: comparative advantage i (table 4-3: comparative advantage i) the opportunity cost of producing 1 unit of cell phones for sweden is: a 5 units of herring. b 1/10 unit of herring. c 10 units of herring. d 1/5 unit of herring. e 10 units of cell phones.

Answers

Comparative advantage 1/5 unit of cell phones Sweden and Finland produce only two goods, herring and cell phones, and this table shows the maximum amount that each nation can produce of the two goods.

What, by way of illustration, is comparative advantage?

Your greatest skill and least amount of sacrifice are your comparative advantages. If you are a terrific babysitter and a fantastic plumber, for instance, your competitive advantage is plumbing. If someone can create something for less money than anyone else, they have a comparative advantage.

Comparative advantage is different from superiority in a given field. In reality, a person can have a competitive advantage at something even if they are utterly untrained in it. The ability to generate more or superior services and products than competitors is referred to as having an absolute advantage. In order to produce goods and services at a reduced cost, but not always at a lower cost, one must have a comparative advantage.

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what do economists mean when they say behavior is rational?

Answers

Rational behavior refers decision-making process based on decisions that bring about the optimal level of usefulness or benefit for an individual.

What are some examples of Rational behavior?

understand rational behavior

For example, if a person believes that the benefits of early retirement exceed their salary, they may demonstrate rational behavior in retiring early rather than staying at a company and earning a salary.

What’s the meaning of rational behavior?

Rational behavior facilitates decision-making, but it does not always yield the best possible benefits from a material standpoint. It seeks to achieve the best interests for decision makers, whether monetary or non-monetary in nature.

What is the purpose of rationality?

The main purpose of rational choice theory is to explain why individuals and larger groups make certain decisions based on certain costs and rewards. Rational Choice Theory states that individuals use their self-interest to make decisions that are in their best interest.

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Why might you underestimate the increase in market quantity demanded when you lower your price?

Answers

Law of Demand underestimate the increase in market quantity demanded when you lower your price .

What does the law demand?

According to the law of demand, price and quantity demand of any good or service are inversely connected to one another, other parameters being constant (cetris peribus).

                                A product's price increase causes a decrease in consumer demand for that same product.

Which five rules of demand are there?

Cost of the product or service. the purchasers' income. the cost of related products or services, whether they be alternatives purchased in place of a product or complementary goods and services purchased along with a certain item. Demand will be determined by consumer tastes or preferences.

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