The given statement, "The purpose of marketing theory is to generalize relationships between concepts in a way that is applicable to a wide variety of business and often other settings." is true because a small firm will be able to make more sensible business decisions if you understand certain fundamental marketing concepts.
A business's best assumptions about what to do with the market data and information it creates nevertheless play a role in marketing, even if it is more of a science than its more creative rivals, advertising, public relations, and promotions.
Data gathering and analysis in marketing is done to assist businesses in making sales. This data aids in the development of new goods or the modification of current ones, the setting of prices, the selection of distribution methods, and the development of a company's brand or image. Customer demographics, sales figures, competition information, and industry statistics are just a few of the data sources used by businesses for marketing.
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an accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that:
Certain conditions are met, including that the use of the report is restricted to the specified parties.
What is meant by prospective financial statements?
Financial projections that provide descriptions of key assumptions and accounting principles, or financial forecasts. Financial information that is prospective (also known as future-oriented or forward-looking) is based on projections of the future, and as a result, it refers to actions and events that may or may not take place. A forecast, a projection, or a mix of the two can be used to present prospective financial information, such as a one-year forecast combined with a five-year projection. A change in an accounting estimate is applied to transactions, other events, and conditions starting from the date of the change in estimate when its effect is prospectively recognized.
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the extent to which the contributions made by an individual match the inducements offered by the organization is referred to as the
The degree to which the contribution made by an individual matches the inducements offered by the organization is referred to as "match". This concept refers to the match between what the individual brings to the organization and what the organization provides in terms of rewards, opportunities and work environment.
An organization is a social unit of people that is structured and managed to achieve a common goal or set of goals. Organizations can be formal or informal, and can take a variety of forms, including corporations, government agencies, non-profits, and partnerships. Organizations are characterized by a division of labor, in which different tasks are assigned to different individuals, and a hierarchy of authority, in which decisions are made at different levels of the organization.
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true or false: media planners define one or more target segments that are likely to purchase their product.
True. Media planners define target segments because they aim to reach consumers who are most likely to be interested in their product and buy it. By identifying and targeting specific segments of the population, media planners can create more effective and efficient advertising campaigns that will have a greater impact and produce better results.
Consumers are individuals or households that buy goods and services for personal use. They are the end users of products and services, and play a critical role in the functioning of the economy by driving demand and contributing to economic growth. Consumers make purchasing decisions based on a variety of factors, including their income, preferences, and needs, and are important considerations for businesses when they define their target market and marketing strategy.
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eckstein has lost her job in a massachusetts textile plant because of import competition. she intends to take a short course in electronics and move to california where she anticipates that a new job will be available. we can say that eckstein is faced with: a secular unemployment. b cyclical unemployment. c structural unemployment. d frictional unemployment.
C) She plans to enroll in a quick electronics course before relocating to California, where she believes there may be openings for new employment. We may say that structural unemployment is a problem in Eckstein.
Why is structural unemployment a problem?A mismatch between the skills required for open positions and the amount of unemployment is referred to as structural unemployment. It's not caused by the business cycle like cyclical unemployment is. It happens when a broader economic change makes it harder for some people to find work. Unlike other forms of unemployment, it is more difficult to reverse.
Long after a recession ends, structural unemployment may continue to raise the unemployment rate. It raises the natural unemployment rate if policymakers choose to disregard it. Technological developments within a sector are one reason for structural unemployment. In manufacturing, something frequently occurs.
Unskilled workers are increasingly being replaced by robots. If this personnel want to stay in the same industry, they frequently need computer operations training.
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when 10 customers of niall's eatery fell seriously ill after dining at the restaurant, the issue was noticed by the public. the public demanded that the
The problem was made public when ten Niall's Eatery patrons became customers critically ill after eating there.
The general public asked that both the restaurant's cooking and the patients' compensation be thoroughly reviewed. a social responsiveness strategy problem in which a business customers accountability for an issue while doing the least amount of action necessary to satisfy public expectations.
All of a company's intentional actions problem, its duties to the environment and society, and its moral commitments are all considered to be part of its social responsibility. Explain the issue, express sympathy for his predicament, and ensure the customers that you will take quick action to resolve it.
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you borrow $100 and agree to pay back your payday loan in 2 weeks. the interest rate is 10 percent for the 2-week period. what is the apr?
Suppose you lend me $20 for a year at 10% interest. At the end of the year I will owe you 20 + (20 x 10%) = 20 + 2 = $22. Now, 2/20 = 0.10, so the APR is 10%. This is a one-year loan at an interest rate of 10% and an APR of 10%.
Using the above example we can solve it as
52/2*.10 = 2.6
2.6*100=260%
APR is calculated by multiplying the periodic interest rate by the number of periods in a year to which it applies. It does not indicate the number of times the rate was actually applied to your balance.
Apr = (fee + interest ��) ×365) ×100
where: interest = total interest paid over the life of the loan president = loan amount � = number of days in credit period na
Apr=(( N. president fee + interest )×365)×100
where: Interest = total interest paid over the life of the loan
Principal = borrowed amount
n=days of loan period
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why do you need to sit down with sara and explain to her how the mortgage market works? after all, she just wants to buy a home, not enter into a financial degree program.
She only wants to buy a house; she has no real interest in enrolling in a financial degree program. If Sara has a solid grasp of the home financing industry, she will be able to choose the best loan with the lowest costs.
Which mortgage product has the lowest interest rates?On VA loans, the lowest interest rates are usually found. However, the VA program is only open to qualifying service members and veterans. For buyers who are not eligible for a VA loan and have strong credit, a conventional loan will typically have the lowest rates.
What factors affect the price of homes?The cost of a home is influenced by a wide range of factors, which we may roughly categorize into supply-side and demand-side factors. Demand factors include things like population, real income levels, and the requirement for space.
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which of the following is not one of the benefits of being ethical and socially responsible in business? question 5 options: greater employee commitment a high degree of employee dissent improved customer trust and satisfaction increased investor loyalty better financial performance
Last option is correct. Improving financial performance is not included in the benefits of ethical and social responsibility in business.
Many factors drive a company's profitability, including an experienced management team, dedicated and productive employees, consistent consumer demand, and careful monitoring of bottom line profits. In addition to these well-known business practices, companies that implement management philosophies that rely heavily on business ethics have been proven to be more successful than those that operate in unethical ways.
While this may not be the first variable to consider when analyzing a company's bottom line, business ethics is an equally important catalyst for a company's success.
Many factors drive a company's profitability, including an experienced management team, dedicated and productive employees, consistent consumer demand, and careful monitoring of bottom line profits. In addition to these well-known business practices, companies that implement management philosophies that rely heavily on business ethics have been proven to be more successful than those that operate in unethical ways.
Research shows that emotionally intelligent bosses lead to happier and more creative employees. Consumer buying habits are also changing in favor of green brands.
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employees' feelings about their boss, including whether the boss is competent, polite, and a good communicator, is referred to as
Employees' feelings about their salary, including whether it's as much as they deserve and sufficient for both normal expenses and luxury items, is referred to as pay satisfaction.
What is pay satisfaction?Pay satisfaction is the amount of negative or positive feelings individuals have toward their pay. A good payment system and pay satisfaction will not only reduce an intention to quit, but it can also enhance employees' satisfaction, motivation, and performance. In particular, the model is based upon two plausible propositions: (a) The higher an employee's actual pay, the greater his pay satisfaction;
(b) The more equitable the actual distribution of pay among the employees of the work unit, the greater the individual's pay satisfaction.
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businesses who advertise in newspapers can target their ads to people with particular interests or to those living an a particular region. businesses can do this targeting because
Businesses who run newspaper ads have the option of focusing on a specific location or on people with certain interests. Because newspaper circulation is tracked and provable, corporations can use this target audience.
What is target audience?The intended audience or readership of a newspaper, an advertisement, or another message that is expressly targeted at that intended audience is known as the target audience. Your target audience is the exact group of customers who are most likely to want your product or service, and who should therefore see your advertising campaigns. Age, gender, wealth, location, interests, and a host of other factors may all influence who your target audience is. This is used to describe groups of people who are searching for a particular product and seeking additional information before doing so. A new laptop, car, piece of clothes, or television are a few examples of what people might purchase. To determine how to more effectively target your messaging to your audience, you need to have this data.
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what might be ups' business-level strategy? which overall contingent hr strategy was ups most likely to implement?
UPS Business level strategy:
UPS is a leading parcel delivery and logistics company operating globally. The company has a multi-segment strategy, providing a wide range of services to customers in various industries. UPS's business-level strategy can be characterized as a combination of cost leadership and differentiation. The company strives to provide reliable and cost-effective shipping services while also offering a variety of value added services such as tracking, packaging and insurance.
Contingency HR Strategy:
As a large and well-established company, UPS may have implemented a contingency HR strategy that allows it to respond flexibly to changes in its business environment. This may involve using a mix of internal and external talent sources, adapting its workforce as needed to respond to changing demands, and having a contingency plan to manage staffing needs during periods of growth or decline.
Overall, UPS's combination of cost leadership and differentiation in its business level strategy, together with a flexible HR contingency strategy, likely contribute to its ability to manage its operations effectively and remain competitive in the logistics and shipping market.
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tariffs on canadian wood, widespread wildfires, wood-boring beetles, and a chronic shortage of truck drivers led to lumber prices being at an all-time high. however, not six months later, the price of lumber had dropped by nearly half. thus, the lumber industry has a
We can say that the lumber industry has a volatile price structure.
What is meant by the volatile price structure explain?The volatile price structure refers to the tendency of the price of a product or commodity to experience large and rapid fluctuations, often in a short period of time.
In the case of the lumber industry, the high prices were likely a result of a combination of factors, including tariffs on Canadian wood, wildfires, wood-boring beetles, and a chronic shortage of truck drivers. However, when these factors were no longer impacting the market as severely, the prices of lumber dropped dramatically in a relatively short period of time, which can be considered a sign of a volatile price structure.
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when a new partner is admitted by purchasing an interest from one or more of the existing partners, the total assets and the total owners' equity of the partnership are .
The addition of a new partner through the purchase of an interest from one or more of the existing partners has no effect on the partnership's total assets or total owners' equity. When current partners transfer capital (equity), the capital (equity) of the new partner is recorded.
What does purchasing a partnership stake actually accomplish in terms of bringing on a new partner?Only the money transfer from the selling partner's capital account needs to be noted in the partnership books. The selling partner and the buying partner have a personal conversation when a new partner is joined through the purchase of interest.
Does the overall value of the company's assets and equity rise?Upon the admission of a new partner through the acquisition of interest, the partnership's total assets will rise. A liquidation always follows the breakup of a partnership. The difference between the stipulated capital and the total capital given could raise the value of an asset.
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sustainability programs often find their success going beyond company boundaries, thus systems and metrics cannot capture all of the relevant numbers. group of answer choices external; bio external; external internal; internal internal; process
Successful sustainability programs often cross company boundaries, so no system or key figure can capture all the relevant numbers. The answer is internal processes
Sustainability in business means doing business without harming the environment, communities or society at large. Sustainability in business generally pertains to two main categories:
Corporate Environmental Impact Corporate Social Impact The goal of a sustainable corporate strategy is to have a positive impact in at least one of these areas. When companies do not take responsibility, the opposite can happen, leading to problems such as environmental degradation, inequality and social injustice. Sustainable companies consider various ecological, economic and social factors in their business decisions. These organizations monitor the impact of their business to ensure that short-term gains do not become long-term liabilities.
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which of the following statements is the best definition of the chart of accounts? multiple choice question. it is a list of each account and its balance at any given time. it is a collection of all accounts with their activity and the balances that exist in a business. it is a book of original entry that includes a chronological record of all transactions that have occurred within a business. it is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account.
It is a collection of all accounts with their activity and the balances that exist in a business.
What is the definition of the chart of accounts?The chart of accounts in SAP is a group of GL Accounts that controls the name of the General GL Master, the number of GL Master and some control information. In other words, the grouping of G/L accounts forms the framework for recording accounting transactions in a structured way.
A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories.
It allows you to break down all the transactions that your business made during a specific period into different subcategories. By separating out your revenue, liabilities, assets, and business expenditures, a chart of accounts enables you to gain insight into the effectiveness of different areas of your business.
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which of the following long-term investments is the worst option if you expect inflation rate will keep increasing during the next two decades? a) purchase 20-year regular treasure bonds. b) purchase some real assets. c) purchase gld, an etf tracking the performance of the price of gold bullion. d) purchase tips
If you want to outpace inflation or be protected from it, long-term investing may be a better option.
Since stocks and other long-term investments are frequently regarded as being less secure than other types of assets, they have a higher potential rate of return over time, giving you a better chance to keep your purchasing power. The interest rate on an I-bond combines a fixed rate and the inflation rate.
Stein cited the purchase of I-bonds as another long-term tactic. These Treasury bonds maintain parity with inflation while having a fixed yield. Although you can redeem these bonds early, they are typically intended to collect interest for 30 years.
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tiffany's job responsibilities include organizing, managing, and assuming the risks of her firm, where she takes a new idea or a new product and turns it into a successful business. what is tiffany's profession?
The job roles of Tiffany which are identified by organizing, managing, turning risks/ ideas into business are closely related to an entrepreneur, which means option D is correct.
An entrepreneur is a human asset who is intellectually well developed to help in growing a new idea to a successful business. They utilize resources such as land, capital and human labor along with a idea to construct some business. They have predefined goals, plan of action and holds risk of loss.
They begin with a new venture just with some capital and resources in hand, but hold the capability to convert it into some unicorn. They identify opportunities, innovate new schemes, tolerate risks, and show some leadership skills. Since Tiffany is assigned all such roles, so she can be called an entrepreneur.
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Refer to complete question below:
Tiffany's job responsibilities include organizing, managing, and assuming the risks of her firm, where she takes a new idea or a new product and turns it into a successful business. What is Tiffany's profession?
A Central Planner A Social Surplus Manager A Bankruptcy lawyer An Entrepreneuraccording to an insurance broker, over $300 billion in damages were caused last year by...
According to an insurance broker, over $300 billion in damages were caused last year by natural disaster.
Who is an insurance broker?In exchange for compensation, an insurance broker sells, solicits, or negotiates insurance on behalf of a client.
An insurance broker differs from an insurance agent in that a broker typically negotiates with multiple insurers on behalf of a client, whereas an agent represents one or more specific insurers under a contract. Insurance brokers represent the customers who use them and can assist them in comparing policies from various providers.
Therefore, over $300 billion in damages were caused last year by natural disasters as reported by a insurance broker.
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you note the following yield curve in the wall street journal. according to the unbiased expectations theory, what is the one-year forward rate for the period beginning two years from today, 3f1? (do not round intermediate calculations. round your percentage answer to 2 decimal places. (e.g., 32.16))
Rate for two years: 3.0% over three years: 3.2%, or 3f1 = 3.4%, is the one-year forward rate for the period beginning two years from now.
For the time period beginning two years from now, 3f1, what is the one-year forward rate?The unbiased expectations theory is the one that is utilized in this question. According to this theory, the expected forward rate ought to be the same as the spot rate at the present time. As a result, the 2-year rate can be subtracted from the 3-year rate to determine the one-year forward rate for the time period beginning two years from now.
Calculate the forward rate over three years, 3f2. The 2-year rate is subtracted from the 3-year rate to accomplish this:
3f2 = 3.2% - 3.0% = 0.2 percent Find the forward rate for one year, 3f1. This is accomplished by dividing the 3-year rate by the 3-year rate:
3f1 = 3.2% - 0.2% = 3.4%
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an iowa corn farmer operates in which form of competition?
An Iowa grain farmer works in an oligopolistic competition market structure.
Is there an oligopoly in the corn industry?The most frequently mentioned example of homogeneous oligopoly is oligopolistic competitive pressure in the production of agricultural crops such as corn, bananas, coffee, and so on, where several large companies have nearly identical output.
Farmers' markets perfect competitors?Most major crops are "perfect competition," which means that a homogeneous product is created for and by a large number of well-informed sellers and buyers. Free entry and exit characterize the market, with producers obliged by law to be price takers. Agricultural products including such corn, wheat, and soybeans are prime examples of purely competitive markets.
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a high-level is manager has his firm utilize sophisticated information systems to digitally design its products so that design defects can be detected and removed early in the process, reducing development cost. what business strategy does this represent?
A high-level is manager has his firm utilize sophisticated information systems to digitally design its products so that design defects can be detected and removed early in the process, reducing development cost. cost leadership business strategy does this represent .
What does "cost leadership" mean?
When a business positions itself as the industry's lowest-cost producer or supplier of a specific good or service, it is said to be exhibiting cost leadership.
The approach is challenging to implement since management must continuously strive to lower costs at every level to maintain its competitiveness.
Describe cost leadership using an example?
A business that uses the cost leadership approach provides a wide range of clients with goods and services at competitive prices that are of acceptable quality and feature-richness.
For instance, Super Shoes offers name-brand footwear at reasonable costs. Another illustration would be Little Debbie snack cakes.
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a 15-year annuity pays $1,750 per month, and payments are made at the end of each month. if the apr is 9 percent compounded monthly for the first seven years, and apr of 6 percent compounded monthly thereafter, what is the value of the annuity today? (do not round intermediate calculations and round your answer to 2 decimal places,
The value of the annuity today is $22,781.27.
To calculate the value of the annuity today, we need to discount each payment back to the present. We can use the formula for the present value of an annuity:
PV = PMT * ((1 - (1 + r)^-n) / r)
where PV is the present value, PMT is the payment, r is the interest rate, and n is the number of payments.
For the first seven years, we have:
n = 7 * 12 = 84
r = 9% / 12 = 0.75%
PMT = $1,750
So, the present value of the first 84 payments can be calculated as follows:
PV = $1,750 * ((1 - (1 + 0.0075)^-84) / 0.0075) = $12,242.66
For the next 8 years, we have:
n = 8 * 12 = 96
r = 6% / 12 = 0.5%
So, the present value of the next 96 payments can be calculated as follows:
PV = $1,750 * ((1 - (1 + 0.005)^-96) / 0.005) = $10,538.61
Adding the present value of both parts, we have:
PV = $12,242.66 + $10,538.61 = $22,781.27
The value of the annuity today is $22,781.27.
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abor information regular rate $16.00/hr overtime rate $23.50/hr targeted labor cost $12,000/wk labor hours needed 750/wk any hour worked over 40 hrs/wk must be paid overtime rate for a 13-person team, how many extra workers should be hired to meet the labor hours needed without overtime?required question. 6 19 58 230 924
To meet the labor hours needed without overtime, Creech should hire 6 extra workers.
To determine how many extra workers should be hired to meet the labor hours needed without overtime, we need to calculate the number of regular hours worked by each employee, and the number of overtime hours worked.
First, we'll calculate the total number of regular hours worked by the 13-person team:
Regular hours = 40 hours/week * 13 employees = 520 hours/week
Next, we'll calculate the total number of overtime hours worked by the 13-person team:
Overtime hours = 750 hours/week - 520 hours/week = 230 hours/week
Finally, we'll calculate the number of extra workers that need to be hired to meet the labor hours needed without overtime:
Extra workers = ceil(230 hours/week / 40 hours/week) = ceil(5.75) = 6 workers
So, 6 extra workers need to hire.
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in terms of annual income for a family of four, what is the poverty line in the united states, as defined by the department of health and human services (2021)?
The family's 2022 poverty threshold (below) $35,801 is the poverty line in the united states, as defined by the department of health and human services (2021).
What does poverty line mean?
People who are below the poverty line do not have enough to cover their fundamental requirements. The international extreme poverty limit of $1.90 per day is determined using the national poverty standards of a group of the poorest nations, which are the norm for most nations.
How is the poverty line determined?
The poverty line refers to this threshold. the price of physical goods like food, clothing, footwear, fuel, light, education, etc. is multiplied by a certain number to determine the poverty line.
Depending on the year, different numbers are used to calculate the poverty line.
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true or false: national public radio stations can offer longer news programs and play a wider variety of music because they are not dependent on commercial advertisers.
National public radio stations can offer longer news programs and play a wider variety of music because they are not dependent on commercial advertisers. This is true.
What is advertisers?An advertiser is a business, group, or person who pays for ad time or space in order to convey a message or advertisement to the general public. Its root word, annunciare, meaning to make known or announce news in Latin.
Advertising is the system used to present advertisements. Advertisers aim to increase consumer demand for their goods or services by "branding," which makes people identify a product's name or image with particular characteristics.
Political parties, interest groups, religious institutions, and governmental bodies are examples of non-commercial advertisers who are allowed to use consumer money to promote other aspects of a good or service.
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A sport fan who is enticed into buying a ticket to a game by a game promotion had his consumer behavior affected by ?
A sport fan who is enticed into buying a ticket to a game by a game promotion had his consumer behavior affected by market behavior of the sport firm.
What does "marketing strategy" mean?
A marketing strategy is a long-term plan for attaining a company's objectives through comprehending client needs and forging an identifiable and long-lasting competitive advantage.
It covers every aspect, including choosing which channels to employ to reach your target audience and identifying who your clients are.
Why is a marketing plan crucial?
Your business objectives, including who your ideal clients are and how you plan to reach them, are outlined in a marketing strategy.
It serves as your action plan and the general outline for all of the marketing initiatives you'll undertake to expand your company over the ensuing months and years.
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the face value of a bond is the a. value of the bond at maturity plus the price of the bond at purchase. b. value of the bond at maturity minus the price of the bond at purchase. c. price of the bond at purchase. d. value of the bond at maturity, or the amount due at repayment. e. price of the bond at purchase minus the face value of the bond.
The answer is option c. price of the bond at purchase, The face value of a bond is price of the bond at purchase.
Why do ties exist?Identical to an IOU, a bond is a debt security. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds. You are lending money to the issuer of a bond when you purchase one, which could be a corporate, government, or municipality.
How does a bond operate?When they need to raise money, businesses and governments issue bonds. By purchasing a bond, you are effectively lending the issuer money, and in return they pledge to repay you the face amount of the debt on a particular date as well as make periodic interest payments to you along the way, typically twice a year.
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gina has planned to start her college education four years from now. to pay for her college education, she has decided to save $1,000 at the end of each quarter for the next four years in an investment account paying 12 percent interest per year. how much will she have at the end of the fourth year?
At the end of the fourth year an investment , she will have $49,184.24.
What is the investment ?Investment is the process of utilizing money, resources, or time to generate a return on those resources. It is any form of asset that has a monetary value, such as stocks, bonds, real estate, commodities, and other securities. It can also be a form of enterprise that involves using one's resources to generate a greater return, such as setting up a business. Investment is a risk-based activity that involves assessing the potential returns in comparison to the risks involved. Successful investments depend on having a good understanding of the markets and being able to make informed decisions.
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since the aggregate demand for loanable funds is the sum of the quantities demanded by the separate sectors, and since most of these sectors are likely to demand a larger quantity of funds at lower interest rates (other things being equal), the aggregate demand for loanable funds is positively related to interest rates at any point in time. group of answer choices false true
The statement "since most of these sectors are likely to demand a larger quantity of funds at lower interest rates (other things being equal), the aggregate demand for loanable funds is positively related to interest rates at any point in time" is false because the aggregate demand for loanable funds is inversely related to interest rates.
This means that when interest rates increase, the demand for loanable funds decreases, and vice versa. Most sectors, including households, businesses, and the government, are likely to demand a smaller quantity of funds at higher interest rates, as borrowing becomes more expensive. As a result, the aggregate demand for loanable funds curve slopes downward, indicating a negative relationship between interest rates and the demand for loanable funds.
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at a refreshment stand, each can of soda sells for the same price and each sandwich sells for the same price. what is the total price for 2 sandwiches and 3 cans of soda at the stand? (1) at the stand, the total price for 1 sandwich and 1 can of soda is $3. (2) at the stand, the total price for 3 sandwiches and 2 cans of soda is $8.
The true statement about the price of sandwiches and the soda cans is given by Option c. both the statement together are sufficient but alone they are insufficient.
Let 'x' be the number of sandwiches and 'y' be the number of soda cans.
Total price of 2 sandwiches and 3 cans of soda :
2x + 3y = ?
Total price of 1 sandwich and 1 soda can is $3
x + y = 3
x = 3 - y __(1)
Total price of 3 sandwiches and 2 soda cans is $8
3x + 2y = 8 __(2)
After solving (1) and (2) we get,
3( 3 -y ) + 2y = 8
⇒9 -3y + 2y = 8
⇒y = 1
⇒ x = 2
Therefore, Option C. Both the statement together are sufficient but alone is not sufficient is the correct statement about the price of the sandwiches and the soda cans.
The above question is incomplete , the complete question is:
At a refreshment stand, each can of soda sells for the same price and each sandwich sells for the same price. What is the total price for 2 sandwiches and 3 cans of soda at the stand?
(1) At the stand the total price for 1 sandwich and 1 can of soda is $3.
(2) At the stand the total price for 3 sandwiches and 2 cans of soda is $8.
Which statement is true?
a. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
b. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
c. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
d. EACH statement ALONE is sufficient.
e. Statements (1) and (2) TOGETHER are NOT sufficient.
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